HomeMy WebLinkAbout2287 3. To place ar.d continuouily keep o+? fhe bui:d~nys ~ow or he~eafter situate on sa~d Iand and on alt equip~nent and pcr~o~~ally covered by this m«tg-
age, w~th all prem~ums ~hercoe pa~d in full, f'ue insurance in tM uswl standard policy form, in • sum approved by the MOR~GAGfE, ard w~nd:rorm
~nsvrance in the usual trandsrd pol:cy 1wm, in a ~um approved by,~he MORTGAGEE, in tuch tanpany or compan~es ai the MORTGAGEE may
d~rec~; and all fi~e a~d windsto~m iniurance poGcie~ on ~ny of said build~np~, ~ny int~re~t therein w part thcreof, in ~he aggregue ~~m afo~csaid a
in excess ~he~co(, shall contain the u~ual standa~d mo~tgaqee clavs~ a such o~her claus~ as tlu Mo.tyagss may requir~, m~?in~ the loss under sa~d poli-
ues, each and every, payable ro said MORTGAGEE as ~~s in?e~rst may ~ppeu, snd e+ch aod every such poGCy ~hall be prompUy au gned and del~ve~~d ~o
eny held by sa~d MOR~GAGEE as f~rther stturity to is7d mortyage debt, and, r+ot leu than ten (10) days in advance of the expirat~on of each poticy, fo de-
t~ver to stid MORTGAGEf a ~enewal fhe~coi, togefMr with a receipt fo~ the pr~mium of tuth renewal; and the~e shall bs no f~re or windsto~~n in~u~ance
placed on any of said build+ngs, ~ny in~erett ~herein or part the~wf, unless i~ ths form and with tM loss payable as afaeaaid; and in ~he e~ent any sum
of money pecorrns payaoie uncier such po~icy w yo~~t~as ss:d St.^,~iCACEF tra!! hssr rhr opr:en ea receeve a~+d apply ~he same on account of the indaoted-
ness 3ecured he~eby o~ to pe~mit s~~d MORTGAGORS ro receive and u~s it a any pa~l ~hereof tor orne. purNOSrs. ..~~no~e ih_r~o~ w~~~; ~g or ~~„a:,~r•
~ng any eQu~ty, I~en or righf u~der a by virtue of this mo:tgage; snd in tM event ia~d MORTCsAGORS shall (a ~ny reason Fail to keep rhe sa~d prem~s_e so
in:ured, or fail to daliver p~omptly any of said policies ol inaurante to said MORiGAGEE, w fail promplly fo pay fu~ly any pre~nium the~efor o~ in any
irspecr fail to p~r(o.m, d~scharge, execute, effect, complete, comply wirh arx! sbids by this cove~anl, w any part hereof, said MORTGAGEE may place a~~d
pay for such insurance or any part thereof withouf w~iving or afFectirp any oplion, lisn, equity, o? right under w by virtue of this Mortgage, and ~he
tuil amount of each a~d every such payment shall be immediately due and payable and shall bear intcres~ from ths date thereof unTil pa~d at the ro~e oi
n~ne per centum p~r annum and to~ethrr wilh ivch interest shail be sacured by Ihe ~ien of this mortgage.
1. To permit, commit w suffer no waste, impairment p deteriwation of said properly or any parf lhereof.
5. To pay atl and singufar the costs, chargei and expenses, includ;ng a reasonable aftorney's tee and cosrs of abatracb of titte, incur~ed or pa~d a~
any time by said MORTGAGEE, becauss a in the event of tFx failura on lhe parl of the said MORiGAGOR to duly, promptly and futly perform, d~acharge.
>xecute, effect, comptete, comply w~th and ~b:de by each ~nd eve.y the st~pular~ons, agreemenn, cw+ditioot, and covenan?s of sa~d prorr.;ssory no?e and th~s
morfgage any or eithe~, and sa~d cosn, charges and expenses, e~ch snd every, sMll be immediately due and payable; whe~her w not there be ~once dr
~~and, attempt to collect or suit pe~d~ng; snd the f~ll amount of each end every such payment ihall bear interest from the date thereof until paid st the
.are o~ nine per cenr~m per anuum; and all ~aid cosri, cha~grs and expensea incurred or paid, together w~th such imerest, shall be secured by ~he Ge~ of th~~
mortgage.
6. That (a) in the event of any breach of this Mortg~ge w default on the pan of the MORTGAGOR, p(b) in the event any of satd sums of money
herein referred to be not pro.npNy and luily paid within thirty (3p) dsys nexf after the same uverally become due and payable, wi~hou~ demand o~ no~ice,
cr (c) in fhe evtm each and every the stipulations, agrcements, co~ditio~s and covenama of sa~d promiswry note and this mortgage any or e~ther are not
i~ly, promptly and fulty performed, d~uharged, executed, effected, completed, comptied with ~nd ab~ded by, then in e~rF~c~ o~ any such evero the sa~d ag-
~~egate sum mentioned i~ said promissory note then remaining unpaid, with interest atcrued, and all moneys seturcd hereby, shall become due and pay
abie forlhwith, or thcreafter, at the optio~ of ssid MORTGAGEE, as f~lly and completely as if all of the said sums of money were agi~aUy st~p~la~ed
ro be pa;d on such day, anything in sa;d proa~issory note w in thia Mortgage Io the contrary notw~rhstandi~g; and thereupon w thereaftcr a~ the opt~on oi
sj:d M.ORTGAGEE, w~thout no~ice or demand, suit at law w in equity, theretore w thereaher begun, may be p~osccuted as if all moneys secured hereby
n:;d matured pnor to ~ts institution.
7. That in the event that at the beginning of or at any tima pending any wi! upan this Nbrtgage, or to fweclose it, or to reform i~, or to enfo?ce
paymCnt of a~y claims hercunder, said MORTGAGEE shall appty to the Court having jurisd~ction thereof fw ~he appointment of a Receiver, auch Court shail
forthwirh appoint a receiver of sa'~d mortgaged property alt and singular, includ~ng atl and s~ngula~ the income, proF~ts, issues and revenves from whatever
sovrce derived, each a~d every of whKh, it be~rx~ expressly unders~ood, is F+ereby mortgaged as if spec~fically ut fwth and deu~ibed in the gianting and
hjoendum ctauus hereof, and such Receiver sha!! have all the broad and efiective funct~o~s and powers in anyw~:e entr;;sted by a Cou~~ to a Recei~er, and
s_ct~ appointment shall be made by such Covrt as an admifted equity and s marter oi sbsolute right to said MORiGAGEE, and without reference to the
a~iequacy or inadequacy of the value of the property mortgsged or to the so~vency or insolvency of said MORTGAGOR or the defendants, a~d that such
.e~~s, profits, income, issues and revenues shall be applied by such Receiver according to the lien w equity of uid MORTGAGEf and the piactice o! such
Court.
B. To duly, promptly and fully perform, discharge, execute, effed, complete, comply with and abide by esch and evsry the stipulat+ons, agrcements,
cond~tiona and covenams in aa~d promissory note and this mortgsge set fonh.
9. That in the event the owncrship of the mortgaged premius, or any pan thereof, becomes vested in a person other tha~ the MORTGAGOR, the
!.,ORTGAGEE, its s~ccessws and ass~gns, may, withovt ~orice ro the MORTGAOR, deal w~~h such successw or successor in inte~es~ w~th reference to this
morrqage and ihe debt hereby secured in the same msnner as with Mortgago+ without in any way viuating w d~uharging the Mortgagors' liabiiity herr
under or upon rhe debt ircreby secured. No sale of the prem;us hereby mortgsged and no lo~bearance on the parf of the MORTGAGEE or i?s s~ccessors
or ass~gns and no extens~on of the time fw ihe paymenl of the debt hereby secured g~ven by the MORiGAGEE or its successws or as:~gns, .tiall operate
ro reiease, d~scharge, modify change a affect the original liab~lity of the h10RTGAGOR herein, eirher in whok o? in paat.
1Q. It is spec~ficalfy agreed rhat time is of the esserrte of this contsad and that no wsive? of any obl~gaYOn hereunder w of the obligation se-
cured hereby shalt at any time thereafter be held to be a waiver of the terma hereof a of the instrument secured herby.
I 1. In add~tion to the for~go:ng monthiy payments of p~inc pal and interest required by the promissory no+e secured hereby, martgagor covenants
a;,d ag~ces to pay to mortgagee with each monthly payrnent aa addirionat sum esnmared by mortgagee ro be eqval to 1 j 12 of tbe annual ~ost of the follow-
ng:
A-All real property taxes levied or asse:sed agai~st the above desvibed real ~state.
B-Premiums on fire and windsrorm irtsurar.ce as herein requ~red to be carried on the improveme~ts sitvate on the above described prem~ses.
C-Premiums on such mortgage guaranty insurar.« as mortgagee zhail from hme to time deem fit to carry on the ban secured F~ereby.
Morrgagee sh~l! from time to t~me noti(y mortyagor in writi~g af the amount due a~d payable hereunder and suth sum shall thereupon be due and
:.+~;able on the d~e date of the ne,ct manth!y payment and each successive monsh tho:eafter until mortgagee shall not~fy mortgagor of a change in such
~^~unt. Su.h sums sha:i be appiied by mortgagee toward the payment of rea! property laxes, inswan~e prem:ums, and mwtgage guaranty i~surance
:~~emiums.
{N WITNE55 WHEREOF, the sa~d MORTGAGOR has hereunto set his har.d and seal ti+e day and year first aforesaed.
Sig~ed, Sealed and detivered in tF~e presen of: ~ )
~1`'~ Sea~
E M
(Seap
, ($eal)
- Mar J nne E. Manv i 1 le ~~ai~
~ •J
STATE OF fLORtOA ~
S5.
' r~UNTY OF _ SL . LLlC16 ~
Before me perwnally appeared Edaar a ~I1V l l lf ~$I
, Marv
1~ E Manvil lo his wife, to me weR known and known to me to be
; rhe indrv~duals dexribed in and who executed the fwegoing inslrument, and acknowledged befwe me that they execu~~~~~~}eq~foF ihe purposes
~ rhe~ein expressed. And the said MarvJeanne E. ~AV111Q ~.~~h~~`•`
Ed ar A. htanville Sr. :~T ~ y~~ ~
, r~;fe of rhe said ••L•~oi?~a,y,Zp '~'a~d private
e.aminat~on by me taken separate and apart from her said husband, atknowfedged to and befwe me that st~e exec t Z
t~ d,iaid i t~
yment.f~' a n
d v
ol u rt-
, r a~~ ly an d wi t hou t sny compu ls~on, constraint, apprehens~on, or fear of or from her said husband, . . ~
WITNESS rrey hand and official seal th;s ~t~l dsy of Februar ~ ~~.,ypt ~q 73
~ ~ ' =
_
Notary Public in aod for Stale~ f a a?~irye
My Commission expi?es: ~
Return To: '
First F~dera! $avings b loan Associat~on »•~+•+~~l~,iid"y.1,~%! $~/Al~~~ FL,;~;'';"• at IAH~t
tl,Y C'.7'.!r:~5`~t0~1'EXPlG£S SEPT. 25. 1:f15
Of Eort P,erce. ~,~.~r.~ $y Am~~:can a-Rxer. lr,~.;;ra:ue ~o.
fort Pie~ce, fiorida
fILEO ~~iU =ECORDEO
SL ttJCtC COUNTY F~A.
This Instrument Prepared By Richard K. Kayes DOCF-, ?;tTRAS
F;rst Federal Savings 8 loan Association CLE..K C."•;s:T COURT ,C
RFCORD Y?k ='ED~=
of Fort Pierce, F lor i da
Checked By -7~] fEe 1 ~7 23 ~~1~
~ ~ 210 2z84 ~~'730~
aooK PacE
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