HomeMy WebLinkAbout4663 3. To p:ace and cont6o~o~sly kera on ~i~e b~~ J~ngs no,v o~ hereaf~er a~l~ate on s~~d ~an~ and on ai: ~•q,;;p:~,ant ar.d pe~son,~iiy corared by th:s moreg-
age, w~th a!! pren~iums ~hrreon H,; d~n futl, f~re insw~ :c~ ~n tna us.,al sr~nda~d Fw'~cy form, in a scm ary,r.,.~ed by tha ~ti!OR~v~,Gfi. a~~d wl~dstu~m
:nsurance in ~ha ~sual ar~ndard po:.cy fonn, in a wu~ aYNrovad by ~he h10RTGAGEE, in such co~npany or co:~~, an~ct as ~tie A10RTGAGEf may
d~retl; ~Mj dU ~ire d•d w+nditurm msu'an~~ pO~iars on a~~y of so~d bv~ld~ngs, any inleiest ih~rei~ or pa~f thcrcol, in the dygrcgi~e S~~h dforesaid Or
in excess thereoF, si~all ;on~,,;n ~he ~sual iiar.d,rd n~or~g.,gee c,ause or tu:h other c ause as the Mo~~y~yae may irqu.re, mak~~~g tt,e tesn undrr s~,d poii-
c~rs, each and every, pa,.,b:e to sa,d :'~JRiGAGEE as ns ~~~~rr~~s~ may aHpear, and each ar.d e~e~y such posc; shaii be promptiy ass gnrd a~~d de~«cred ~o
eny held by s~ld 1.10RTGAGEE as fun?~er secw~ty ro s~~d n o,tyuge deut, a~,d. not !ess ~han ~en (t0) days ad.a~~ce o( ~he exF ~r,t,on oF eoch pot~cy, ~o de-
I~ver to said MORTGAGEf a re~~e•+.ai thereof: eoge~h•~r with a rece~pt ~or thr prem~vm oi such ~e~~e+~ai; a~~d ~hrre s~~a~! br ~~o f~re or ,~l~„Ii~o~m insurance
placed on any of said b~ildings, any int,vest thereen o~ part lhereof, un!ess in th! form and w~th the icss pay.,'~'e as aforesaid; ar.d ~n the eveN any sum
of money becomes pa~abie vndrr such poi~ty or pof,cies siid MORTGA^vEE sf~?il have tha opt.on to rrc_~~~e :,~~d ~py!y the sa:nr on ac_ou:~t oi the hiJ~~~tad-
~~ss sec~red heraby w~o pern,~~ sa~d MORTGAGORS to r~c~iva and use it pr any p.vt rt,<:<vF tur o:~,•~r .,:s_•s ..~.i ~h.~..,. ~
:r:~ an~ eqwty. lien or riyht undrr or 6y.virtue o1 this me~r~aga; and in tlee event sa d M0~2TGAGORS sha!1 '.or~ any r~,so~ fa~l to keep ihe sa~d prrm~s_~s so
~nsured, or fail to de!irer pro~npNy any of sa.d pol.ues of ,nsurance to sa,d MUltilaAl~[[, or ia~! pro~~ ~,t~y io H,y i~:ir a~~~ p:~:. :h~; ,:~y
resprct fai! ro per(orm, discha~gr, exe:~re, eilecr, cwnp~ere, canply with and ab~de by rhis covc~ant, or any p.~r~ hareof, s.i~d M(~R1G.aGtE may p!ac~_ a~o
,ay (or such insur.~nce or any part thareof w~thout waiving or affecting any opt:on, lien, equ~ty, or ~~ght ~ndcr or 6~ v~rtue oi this A'oitgage, and tht
iuii amGur~1 0( eoth a~~d r.eiq i~:h Hs~nti :t SF~i~ be i..,rnz~:a'e!y d_e 3r`d ~yah~e d~d shal! h?rr intereit frorn fha d~te Ihr~~oF un41 p~~d at the tate OI
~~~ne per tenr~rn prr ann~:~, and ro3eth..r w~vh su:h =~z!er~.sr Shaii i~e s~~cured by the 1~en of this mortgage.
1. To permit, comm~t or suffer no v.aste, impairm~nt ot detrr.orat~on of said property or any porl thereof.
5. To pay all and s~ngvlar the cos~s, charges a~d expenses, ~n:~ud~ng a ~easonable at!orney's fee and cests of absfr3cts of t~!!e, incw~ed o~ p~~d at
eny ~tin:e by sa~d htORIGAG:t, because or ~n ~ne evenr of rn~ fa;i~re on ~'rer pare of the soed S~ORIGAGOR !o du!y, pro-npt4y and fu~iy p~rfo~m, d~u~~~~qe
_.~~cute, elfen, cemp:rre, conply w•th a~~d ab.dr by each and e~cry the sT~pul~~~ons, agreements, conJ~r~ons, and cover.a:,~s o~ sa~d pron~~ssory nore ar.d ~hh
~,orrgage any or either, and sa:d cosn, cha~grs e~~d expenscs, each and every, shalt be immeda~ely due and payaL:a; v~herher or not thrre L•e nonce da
m,,nd, alternpt ta col;ec? or wit pend~~~.g; and the futl a+nount of each and every wch paymem shotl bear imere:~ from ~he da~e thereot w~til paid af the
'~~e of r.ine per ccntu:n H~r an~w.~; ~c~c ~ii ;,,;d u,sts, u~a:ges and cnua~ucs i~uurred or pa~d, together tiv~th su;h inteiest, Shall be sewred by the Gan of thq
mortgage.
b. That (a) in thr evenf of any brrach of this ~Vlortg~ge or defau~t on th~ part of the MORTGAGOR, or ;b) in the evenf any of sa'd s~~ns oi moncy
herein refzrred to be not promptiy and iu~!! pa~d wnhin th,rty i30) days nea+ a~tar the sa~ne se~ero:~y beco~ne due and pa~ab!e, without demand or notice,
or ~q in the event eath a~~d every tiie sTipu:ai~uns, ag~raments, tor.d~r~ons and covenanrs of sa d pfo~„Isso~y no:a a~~d iho mortgage any o~ e~ther are not
ivty, pranptly and f.,;iy performed, d:scharycd, e~ecured, eftcued, completed, comp:~ed w~th and a6~d_d S~, then ~n e~ther or any such event the sa:d ag~
gregate wm mentioncd ~n sa~d promissory n~t~ then re~naining unNa~d, w~th intere;t acuued, and a(1 men~ys sec~~ed he~eby, shat! brco•ne dua and pa~r-
ao,e foithwith, e~ rnereaSrar, at the opr~on ot s;,d h10R1GAGEE, as fuily and compierely as iS ail of t:,r s~~d sv:~s oi n,oney were ong~natly st~p~;a~rd
to be pa:d on svch d~~, anyfh~ng in s3.d p+e:•:.ssory note or in this h5ortgage to the co~~~~ary notwithstan~~ng; aiid thereupon or thcreafrer at rhe op:~on of
s~.d A10RiGAGEE, wrtt~o~.t rGr~c_ or dema~:d, su~r at faw cr m equ~~y, thrrrio~e o~ u,ereaiiri beyun, rnay b~ ~,~~sewieJ as if a:l i:,;,ne~s sec~red hereby
n,d mawred pnor to ~ts inst~tvc~on.
7. That in the event ~hat at ~he beginn •,g of or at any t~me pend~r.g a~y suit upo~ ~h~s Mortqage, or to lornlose it, or to reform it, or to enfo+ce
;.+yment of any cia~~ns he~eund=r, said htORiGi~GEE sha;i apply to the ~ourt having ~ur~scl.c<ion thercof to. rhe an~;~~ntit,enl of a Receiver, such Co~rt shail ~
i~r!hwith appo+nt a rece~rer of said mortgayed propcrty ail and singular, irtclud:ng ai1 and s~nyu~ar the ir.con,e, prof,fs, issues ard rr~en~es from whetever '
s.~,~ce deri~ad, each and every of ~n,l~~ch, ~s be:ng expressty unders~ood, is herrby mortgaged as tf spx~fica:ly srt iorth and descr~brd in rhe g~anr~,,~ and
hsoendvm dauses he~eof, and sucfi Receiver shaii hare alf the braad ar.d efiect~~e }~nct~ons a.,d pev.ers in anyw~se en:rust<^d by a Co~rt to a Rec~~ver, a:~d
s:h appointment shaii be made by such Court as an adm~r~~d eq~Ity and a maner oi absolur~ r:ght to sald 610RTGAGEE, a~d wnhe~t reference to the ~
ed~quacy or inadequacy of tF.e va:ue of the property mortgaqed or eo the so vency or in;b:verrty oi sa+d MORiGAGOR o~ thc dc'~:~dants, a,~d th;t such
~~-^~s, profns, income, issues and revenues shall ~e appiied 'ny such Recerver ac.o~d,:~g to the Gen or rquity oi sa~d MORiGAGEE a::d the pracnc~ of such
Court.
8. To du:y, prompf;y and fu~iy perform, discharge, exe.'ute, effect, tomp'ete, cornp;'y vv;~h and a5ide by each and eveiy the s!ipu7ations, agrer:nenfs,
_~nditions and covenants ~n se~d pronussory nete end !his mongage set forth. /
9. That in the eve~t the o~vnrrsh~p of the mortgcoed prem~ses. or a:~y part ti~ereof, 6ecorr~es vested in a person other than the MORTGAGOR, the
:'1RTGAGFE, i*s si~ccrssors a~,d ass~3:~s, ~nay, without no~~ce to ~he 'AORIGtiOR, deat w~th s~ch successcr nr successor in inre.esr vv~rh reference ro this
o•igage and rhe d_b~ h~reby secv.ed in rh~ same ma~,ce• as w~sh tl,•.:ri~,,gor wnheut in a~y way vit;ai~ng or d~sct~arg4ny the ldorrgagors' liability herr-
.;~,der or upon ihe debf heceb~ seo~<<:~. yo s;ie of the Fre~r.~ses h_reb~ rrw.~yaged ard no forteara.,ce en the pari o~ rhe IrORiGAGfE or its successors
c- ass~gns ard no cxter.s:o~ ot rhe t.-•,e ior ~he payn:enr of rhe debf hr•e~~y sec.,~ed g,ven by the :J~OR;GAGEE or ns wccessurs or ass grs, a~~all operate
'o re%ease, d:scha:ge, mod~fy ~ha.:ge or at'.ed the orig,naf ii~u.~~ty of rhe M,ORTGAGOR herein, e~ther in whole or in part. }
10. It is spec.ficatiy agreed th„r ~~~ne ~s of th~ essence of fhfs contracr and that no waiver of any obt~yat;on hereunder or of the obligation sr
_~.•ed hereby shal~ at any tin:e therrafcer be h~'d to be a v.a:ver of the terms hereof or of the instrvment secu.ed he~by.
. 1 i. fn ~;i~ !.o^. o h_ fo~c ~c, •~7 T~.'^'Y r 3y+~ _~'i of f:~rr. r~s~ an[) i~ii_•trs' rrqulred by the prom~si~ry nG'r 5~.•~•2d hc~ebi, n,o~•tya~o~ COVBndntS
~ d agrees to ~ay to me g~gae anh ea~h ~:~c~vh f ra,. ,c n an a;.~J,rional sum ~s• +.ated b~ mortyagee to be eqwi to 1 12 oi r:~e ~n,~ai cost of the folfow-
A-Afi real prope~ty taa-s ~c•v~ed c- ass•ss:•d agafns* nc~ ai~ove dezcr;b_d rra! estate.
S-Pr~rr.~ur~$ on f~r.~ ard w:r;dsro lnwrarce as nere~n re ,~;-ed to be ca~n•_d en tne :mprovemeits s~tvate on the above d:scribed premises.
C-Premivms o~ e~ch n.o+t3 .qe gua•ai~ry ir.sura~.:e as rncrtgagee sh~~l f~o:r t r~e to :;ma dee~1 fit to carry on the loan secured hereby_
M~or!gagee sh„ i'•om n~,,r to ~,:•,e ncr:}; n~.crt~.,ger n r~~~t:cg of the a,- ou•.t d,•~ ar-d payabte herzundar and s~;h sv-r, sh~:l th~>reupon E~e due and
.,able on •F~ ctJr ci.,•,~ ci +h_ .•.:~r ~~~o-rh.r P~vr•= ~f and e.:cti s~.crss~ve •~~or.tF rhe:eait~r ~r,ti; mortga~ee sha!t not~fy mortgagor of a chan~e in such
.~-u~nT. $uch su:ns 5F a i ic a_p ~~rd i~y n..ortga~~..~~ to:.ard tne Fayrt~em pf rr,,i prcperty taxes, ms~nCe prem,ums. ~-~d mort3aye guararl~y insurance
, *~~nIL'n5. /
!N \'~lT~JE55 ::H_P~O~. !ne sa~d MORIGAGGR has here„~,ro set h~s ha:,d and sc~I the day and y~ear first aforesa~d. "
Signed, Sealed and de?ivered in the presence of: > ~ `
- - 1 / ' ~ L%~
~ '~~L al)
'~-`~r/ _C 8@ A6 ~ (Seap
; i
~~~5p°'La l~i~ ~~i:aj~!~t
- Seal)
_ _ _ - - - _ - - - - ~ (Sea!)
S-:aIE OF FLORIDA ~
~ ~U'~TY OF _ ~I~~1E' 1 ~ /
Before me personally appea~ed M~C~18e1 '~~l~~y _ _ _ and
_i_____. _ ~oris Sheeh ~
- y his wi(e, to me wel( kncwn and known to me to be
! !he individuaSS descr~b_•d ~n and who exe:uted the foregoing instrume}n,t~,. and acknowtedged before me that they executed the same for the purposes
! r~e~ein expressed. And the said_-_____ ~riS ,~.~~3E3f3•y
j ~e of ti,e satd ~'=1C~13~'~ Shee?: a saparate and private
~ -
~arn~nanon by me ta:en se,^.a~ate and apert from her said husband, acknowiedged to and before me that she execured said instrument freely and vo{un-
y ard K'~1hOUT any ~~.nF,u:sion, co•,s~ra~nt, apprehens.o4~or fea: of or from her said husband.
WITNESS my hand and offic~al sea~ th~s_ d~y Q{` _ ~ A~ 19 72
^ece:~ er
~
~'t'~`~~~s/
' Notar, ub(~c in and for t State of fiorida at ~ge
Fny omrniaiivf~ ckp~rcS:~_ ` ! ~ ? 1
Ret~rn To: .
firnt Federat Sav~ngs 3 toan ASSGCid1:G~` • ^
o! ~~r v . . . • ~ L~Q.~j
Fcrt F _ ii.~ .
' Fl~EG aHL+ RECORDED ~
~ ST. WCIE COUNTY FtA. ~
` " . ROCE~ P4ITRAS
~ ~ C~ERK C~RCUIT COURT
This {nstrument Prepared By :•7;r.. Bra~tt~- _ ~ ~ PECOR~ YERtFiEb.~..~..`..
First Federal Savings 8 Loan Association ~ 19 5~i Py ~Z
of Fo: t Pierce ~ r lorida - ~ ~ •
-
Checked By 3'.J~___- " . . ' ~.1.~
_ . ~,~'c
~o~~2U9 r~~t 16~ ~
1 ~II Y ~ _Y ~
, ~
",~'~c 1~...~ R.°=~.:~^ S :
~ -
==~+~i c ~yrisy~
~_~~.~k''~a3...+K :r~ _.a, c."2 ~ - fp'" w~ ~
. . ~`~''iY~'i~.t ~