HomeMy WebLinkAbout1169 J. To plact artd continuousty ke~p on th~ bu~:dirys raw a htre~ftu sitw» on said land and on ~1! cquiwtrnt ~nd pK~onally covaed by this mortq~
+p~, with ~II pr~siums thsreon p~~d i~ full, fw~ iruw~nc~ ~n tM wu~! surdud policy fam. in • ~unti ~pprored by tM MORIGAGEE. snd w:~.ds~am
inwranca in ~M vswl a~u~da.d pot:cy tam, te • sww approwd b~r ~Iw A10RIW1GEE. in wcl~ c~nY a compw?iq ~s tl» M~RTGAGfE may
dir~ct, ~nd ail ~'a~ and win~btam in~wana policits on a~r of f+id bvikduya, any inrs~~a~ ~t?xein w F.~r1 ~F+~reof, in IM apy.~3~~~ wm afaesaid w
In ~xces~ ~F~eieot, shall contain tM usw! ~tandud mor~9aqe~ clws~ a svch aMr tlws~ u eM Ma~pap~e +~y ~ec;~•a~. n.a?i~p th~ bu w+dn+ sa,d poli-
cis~, each ~nd ~vpY paY~bh a said MURTGAGEf a~ ib in~srqt en~r ~ppt~r. and each ~nd ~,rky ivcA { olicy sl~all bs ~xompHy ass y~ed aod dNiver~d ~o
a~y Mld by sa~d MQRTGAGFE ~s fwtFwr security ro said mor~9N~ d~bt. a~d. na IKS ~hu+ tN+ t~0) days in ~dwnce of eF,~ ~xp'ua~~on of eoch po1Ky, w da
t~vK ro uid MORTGAGEE a nnewai rlwr~of. to~trMr with ~~~capt fa th~ pnene;u» of sud+ r~wal; ~nd ~he~~ sAa~l b~ no f:re w windz~am ini,;~ance
plw-ed oe~ any of said bviWinps, any u?terKt th~r~i~? or pu~ tM~wf, unku in th~ fonn and with ~h~ Ioss payable as •fwesa~d: and in tM e~~n~ a~y :um
of money becon,es p~yapl~ u.+de~ such polic~• a potici~• uid NtORTGAGfE thall Mw t!» opr.on to rsceiw and apply tM same an +ccount ot ~hs ~.~daDrrd
nes~ secu~ed htr~by w to permil said MpRTGAGORS 1o rectiw and wt it p ~ny p~rt thtrlpf fot Othet pu~pOtes. without th~rcb~ wawi,~g ;,t u~,pei~-
ing any equ~ty, lien u rgM w~de~ or by virtw of tFus mortga~; w~d i~ ~M ~wro ysid MORTGAGpRS ihaU ta u~y reasa? fa+t ro kecp ~±~e sa~d p.wnisrs so
insurcd, o~ fjil b tkliwr promptly any oi s~id pol;cies of inswinc~ ro said MOltTGAGEE, ot fail prompdy 1o pay fu:ly any pre~~~~m therefa c~ in any
respea fail b p~.fo~m, d~scharge, execua, rff~oti epnpba, cw~?ply w;rh ~?d abid~ by ~hy oovenan~, p~ny parl M.eof, sa,d MOkTGAGEE ma~ place a~.d
paY fa :uch ins~rance a any pu~ ths~eo[ witla~t waivinp w aH~cting ~ny apt~w~, Ii~n, puity. a rqht undp a by v'utw of il+~i Mortgape. ~nd ~he
f~ll amount of each and e~ry wch payment shall b~ imrnt~dialely dw u~d p+y~bl~ snd sF.sll beu imerest from tM date thereof un~il pad at ths ar~ ot
n~ne pa untum pK aruwm and topether with such interesr shal: be sec,Ned by the liee~ of this mw?~sye.
1. 1o permit, comm+t o~ iuffa no wast~, Lnpa'amcM or detaiowtion o~ said properry or ~ny part thereof.
5. To psy atl and urgut~r tlK cosn, charyes ~nd ~:penses, includinp a rer~ona6le atlaney'a fee and cosn oi absrracts of titte incu•red o~ paid at
any lime by said MORTGAGEE, bec~us~ a in tl+e event of i~ilwe o~ ths put of tA~ said MORTGAGOR to duty, promptly uid futly pe~form, d~xMrge.
rxecure. effsd. compkte. comply wi~b ae~d abld~ by ~uh and every the stip~latiorq„ aQreamenb, tqKiitions a~d tove~an?s of said p~am;sw~y raie and ~h~s
morigap~ any o? si~lwr. ~nd said cos?~, ch+rp~s and sx;.e~?s~s, sach and ~very, sMll b~ inwnadistely dw and pay~bl~; wherhr. or not ~here be norKe da
mand, athmpt ~o colka or wit pend~rg: and tM fvll yrwun! of each ~nd eve.Y wch payma?~ shall bsa. in~eres~ irom the dat~ thereof umil paid a~ rhe
~~ee of n~ne pe~ ccnrum per uwwm; and all iaid cosa, charyes and expeeies incwred or paid, ~ogether w~th such irtterest, slwli b~ secured by ti?e Iien of tha -
m«tQaya
b- Th+~ in tM ~veot of any breach of this Mortga4e or defwlt on tl+~ part of the AAORTGAGOR, w(b) i~ the ~vent ~ny of sa:d wms of money
herein rsferred to bs not prompry and futfy paid wirhin tlurry (30) dap next aher the same stveiaJly becorn~ due ac?d payabls, withov~ d~mand a nor~ce.
or in th~ eve~t eacl~ and ewry the stipul~tiau, ~graemenn. corKiitions ~nd co~enanrs of sstd promiuory note ~nd th~s mortpsge a~y a eithe? ~re na
iuly, promptiy and fully ppformad, d~rged, execv~d, tffected. compkted tomplied with a~:d ab~ded by. then in e;rher or any such eve~r tht sa~d ag
grrgats wm mentioned in said promiuory note then rem~inirg uopaid, with inta~st -x•rued. ~nd a11 nwneys aecured fitreby. shall become dw and pay~
able forthwith, w theresfta, a~ the option of said MORTGAGEE, ~s fully and completely as if all af the iaid wms of mar?ey we~e uginally u~puia~ed
?o be oa~d on such day. anyth~rg in sa;d promissory not~ or in thi: MatQaqe ro the conuary norw~ths~~nding: and thereupon w thereafre? st tM op~lon of
said lNORTGAGEE, witlw~f notKe o~ ~iemand, wit ~f law or in ~qu;ry, thereFo~e w ttrreafre~ begun, may be proyecu~ed u if all mw~eys sacv~ed hercby
nad matuted prwt to its institutioe.
7• That in tM event tMt at the b~ginnirg of or ~f ~ny tirne psr~ding any svit uport this A4ortgage, or % fo.eclose h, w to reform it, w to enforc~
Pcyment of sny daima hareunder. s~id A6pRTt',qGEE sh~ll ~pply to the Cou.t hr :rg jw~sdK~ion thereof for dr ~ppo,nrment of a Receiver. such Coun shall
forthwith ~pppiM ~ rectivet pf said mprtyy~J prpp~}y ~II and sirgul~r, i~tlud~np all and singv(~r the i:+tome. prp(its, issues ~nd rerenues from whatever
sowcc de?ived, each ind evcry of v,~hKty i~ beinp eapressly undert~ood, a Aercby mwtgaged as if spec~fiully set fath u+d desu~bsd ~ the ~aroing and
habendum clauses l+ereof. u~d such Receiver ~II Iwvs alf the b~oad and effectiw fu~ct~o~q and powen in anywise emrusted by a Cour~ to a Recei~c~. and
such appointment shall be made by wch Cqxt u an sdmitted eqviry and a reyltd of absolute riQb! ro ssid MC)RTGAGEE, and without r~fcrcnce to the
adequacy w inadequacy of the valw of the p~operty mor~9aped a to the ~wrpncy or u?solvency oi sa~d MORTGAGOR w the defendann. and ~hat such
renn, profits, income, iuues u~d reveoues sha11 be app~;ed by wd~ Receive~ according ~o the 1~ o~ pvity of ~aid MORTGAGEE and the pracr;ce of such
Coutt.
8. To dulY. pranP~h and fvlly pe.fw~n, discharge, execut~. effect. oomPkte, ca^P~Y w~th and ab+de by esch u~d every tAs stipulata~s, agreern~nn.
conditiora and coveoann ~n ssai proniuwy nors and ~h~s mor~yage set fwth.
9. Thst in the event the ownerslwp of the mortgs~ed prem;aes. or any put thereo(, becomes vested in a perwn other than the MORTGAGOR the
MORTGAGEE, in succeuas ~nd ~uigns, may, without notice ro the MpRTGAaR, deal with such succeuo? ar wcccssw in interest wi~h reference ~o thu
mortg~ge and the debt hereby setwed in the same mannet as with 1Nortgagor w~thout in any w~y vitiatinq pr dixh~rging the lNortgagors' lisbility he:r
undcr or upon the debr hereby secwed. No sale of the premises hertby morfgapsd ind no forbearanu on the part of tM MORTGAGEE a in successon
or aug~s and no e:tension of the t;me fa the payment ot the dcW he.tby sccwed given by the MOR:GAGEE a its wcceswrs ov auigns, ahall operate
ro re~eax. d:xharps. modify chanpe a affect the origin~t liab~lity of the MORTGAGOR herein, tither in whote or in part.
10. tt a apedfically ~greed tlut time is of tM euence of th~s cau~act xu! that no wa;ver of any obl;g~t;on hereunder w ot the oMigat~on sc~
cured hercby aMll at any time thereafter be hsld W be ~ w~irer of ±he tdms hereof w ql the instrument secwed herby.
1 i. In add~tion to the for~ga:~g monthly payme~ts of prin~ pal and interest reqvired by the promiswry nore sec~red hereby, mortga~ar covenaMs
and sgrees to pay to mortgagee with each manehty paynient an add:rional wm estimared by mortgagee to bt equaF w 1 j 12 ot the annva! cost of the follow-
in9:
A-AO .eal prope.ty q:cs kvied or assessed agair,st ~he above desuibed real estate. ~
8-Premiums on fi?e and windstorm inswa~ce as herein requ~rcd to be curied on the improvements situate on the ~bove described pr~mises. .
C-Premiw-s on wch ~oorf9age 9wranty i~sw~nce as mortysgee shalt from time to t~me deem fit to cury on ths loan secwed hcreby-
MortQagee shal! f?om timc to t~me notify mwtgagar in writ~rg of the amount due and payible he~eunder sod such sum shall thercupon 1x clue ar,d
cayable on the due date of the next monthty payment and each successive mon~h thereafter ur.tif mortgagee sFy11 ~ot;fy mort9ago~ of a change in such
a~.ount_ Such sums shall be aFpiied by mortgagee toward ti~e psymertt of real property tax~s, insurance prrm:ums, and mo?tgage gua:a~r~ ir.3;ira:ue
p-emivms.
~\N~7 . W~ , the sai RTGAGOR has hereunto set Ais hand and seal the day and year first aforesaid.
-a del" ra presence of: < <
. t[1e55: ~ ~1~ ~
T Williara -~elville, Sr ,c~,q
, ~ ~ 1 s-"~T
~ /1.~.~~/N l _($ea~
witnes : Alice C. Melville ,k,~
srArE ofy Jersey~~~5
COUNTY QF ~ ~ ~
Before me personally appearcd William G. Meivi2le, Sr ~
A 1 ice C. ~1Q 1 V 11 le his wife, to me well known and krwwn tp~ mc to bs
the ~ndrr~d~ats described ie ~nd who execvted the fwe9oin~ instrunient, and ~ckrwM,ledyed before me that they e:ecuted the same fpr~~ie;pwpoaea
rher e~
n expr e s
s e d. A n d t h e sa~d Alie e C. I
y Q~ V 1 1 1 Q Z;''~
w'rfe of ~r+~ ~~d Willian C. Melville~ Sr ~~~~~tt1~~~.~~
examinat7on by me ta4en sepa~ate and ~psrt from F?er taid husband, sduwwtedped to ~nd bef s t s ecute s~~ ' tryhle rd~ 6id_y~6ly,"n.
rarily ~nd without sny comp~~sion, constraint, appr u of a from her ssi~
~ ~
WITNESS my h~nd and official seal thii y of eb ~~~14~' =
. - , • "
otary PuWic in snd w the Stat 'f . i!i . td 1-r _
y COfltrtliuiOfl ~ltpir • .J~i
' ~ - ~ : ~ ~
Retum To:
First Federal Savirgs b losn Association ~ ~-~iU!S it S, 1~. ~.C1,-
Of fwt P~erce. 24Q~~O !lOTARY YU811C OF NFW J~~t~"c1..
fort Pie.ca Ftor~da v
I~r ~ommr~~or, ar' . b~, . !7, .i7j-..~r~.~~...~.,..•
~ LEO 4h:.'• ~~CORDE~ ~
This Inst~ument Prepared By Richard K. Kayes~~'~V~~r ~~~~r~~l .
First Federal Saving~ 8 Loan Association ROCE? r'~lTR~S t~~~t
of Forf Pierce, Florida PEf.fLaYRy~-,:~f0
Ca~~~(~
Checked By~~ ~Ee 11 pu .
i r~
~ go K~Z ~1~~9
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