HomeMy WebLinkAbout1521 To plac~ and continuously ?~ep on rM buitd:n~a ean• w h~r~~(tN :;~wN on uid land and on alt eq~ip~~~ a~•a pe~iona~~Y covered M ~h;s mw~~-
•g~, with ~II pr~m;un~~ tl+~rwn pa~d in full. fire inso~+nct ue ~M uwal u+rdud po~ity fwT, in a ~wn +ppro~ad by 1M MORLGAGIc', ~~d .+~nds~am
~nswa~a in ~M viwl ~unda-d pol~cy (am, In ~ ~w?+ Wprovad by tM MORTt;AC~EE, in sucA cccnp~ny w canp+n~es ~s ~F+~ MORjG~GEE m+y
dueci; ~nd atl ti~~ and w~nds~am iruu.u+c~ polichs oo W?y of said 4wid~nps, any inure~t ~1+erein or part ~hereol, in ~M ap9reqi~t sum ~ra~s~~d a
En ezcess ~hcreof, tAall conuin ~h~ uwal ~andard mor~9a~ claus~ w sucF ofhN d~uu +s tM Mor~y~ may requ~re. m+kiny ~hc lou undrr sa~d poli-
ues, e~ch ~nd every, payabl~ M said MORTGAGEE si in in~trest :nay ~ppesr, and each a~d every sucA poi~cy shall bt pron+pNY ass ~ned a~d daliva~rd w
any luk! by sa~d MORTGAC[E u(ur~he~ secu~ity ro s+~d ma~p+~ d~W. +~d. no~ I~u ~lui^ :sn i101 da~s in advance of ~ht expi.auon oi each po~:ty, to d~-
I~vN ro s~id MORTGAGEE • r~ntw~l the~~of, w~NMt with • rec~:pt fa ~M pnmium o( such renewal; and ~hcr~ shstl be r+o f~re or w~ndsio~~n insurance
plx~d on ~ny of said kw+lda+p~, u~y interest dxrtin o~ put ~heraof. unleu in U» form and wah ~M loss payabl~ as afaesaEd: and in ~he eve~t any ium
of mon~y betwnes payabl~ u~der s~ch polity w polKits said MORTGAGEE shall haw tM optan ~o racei~s and apply the same o~ +ccoun~ of the i~detrfrd-
neu ~ecwsd he~eby a w perm;t aa7d MORTGAC-0RS to receive snd ut~ it w any part ~hercof fcx other Nv~posca. Yi~tF10J~ ~h~r~o~ .w~~~~~*~ or ~~~~aa~~•
~ng any equ~+y, I+en w rgh~ unde+ w by virtw of thii mors~~; u+d in ~M sven~ u~d MORTGAGORS iAall tw any reason fait to keep ~he aaid pre. ~srs so
~nwred, or fail to del~ver promptly ~oy of said pol~~s of insuranc~ to sa~d MORTGAGEf, w fai! prompely to pay futly a~y p~e~n~um fherzfor or in any
~esprct (ail b pMfam, discM+ge. ~xecuq, eff~ct, comp~ets, comply wieh and ab~d~ by ~h~s coven+n~, w any part hereof, w~d MGRiGAGEE may p~+ce a~~d
pay fo+ ~uch i~suru~ce a u+y pan thtreof withou~ w+ivirg w affxtu~y any op~ion, lien, equ~ty, w ripM unJa or by virtue of ~his Mw~gage, and ~he
,~II amoum of each and ~very such payment shaq be im~esd"utely dw u+d paY+bl~ ~^J sh+~~ be+~ "a»ereit f~om ths dati thereof wtil paid at the rafe o1
n~ne per ce~wm per an+~m u+d ~o9eiher wi~h such intrres~ sha{I be secu~rd by tM 1'~en of this mort9s~e.
1. To permit, commit or wffrr oo wast~, impairme~t or de~e~~oratiae of said propaty o~ ~ny p~A therenf.
5. To pay all snd sir?~ular the costs. chuq~a +~d exp~nu~, includirg a reasonsbte attwney i fee and costs of ~bstract~ of ti~Ie, incurred or pa~d ar
any time by said MORTGAGEE, because w in the tv~nt oi t1a fsilurs on the p+h of 1he said MORiGAGOR to duly, promptty ~nd fully pe.form, d~scharge.
e¦ecure. effec~, comptet~. comply with and ab~de by ~+ch and every the sf:pula~ans. ~greert?enrs. cond~rions, u+d mvenann of said promisso.y note ar~d ~his
mortgage any or either. and said msts, cMry~s and e~ipenses. e+ch and eve~y. sMll b~ immediately dw and p+yable: whether w not there be noe~ce dr
mand, at~empt to coiket o~ suit pend;ng; and the (vll s~nount of e+ch ~nd every such p~yment sMll bea. u+tere~t hom the da~e ~hercof ~ntil p~id at rhe
r,.re oi r.ine per ce~tum pe~ arnw~+; ar+d all said costs, chuges and expensES intvrred or paid. ~ogetF~et w~th s~th interest, thall be secured by the lien of rh:i
mortyag~. -
6. That (a) in the ~rent of any bre~ch of this Matgap~ w defwU on the pin of the N10RTGAGOR, a(b) in the event ~ny of ss~d sums of mo~ey
herein referred to b~ not promptty snd fvlly p+id wi!hin thirty (30) days nea~ after the same s~~eralty become due and payable, without ~?em~nd w no~ice,
or in the event each u~d every ths s!ipulatiau, ~gresm~nts, cond~tions and covenants o} sa~d promiuory note and th~s mort9aye any or either are not
iuly, promptly and fully perforn+ed, d~uharged. exec~red, effected. compkred. tompl~ed vrith ~nd abide~: by, thtn in ei~her w iny such evsnt ~he sa~d ag
gregat~ wm mentioned in said promiuory noro thtn rem~ining unpaid, w::h inter~st xcrued, and all moneys secured hereby, shall become dua and pay~
eble fwthwi~h, Of tFfttNftN. at the option of said MORTGAGEE, as fully and comple~e!y +s if all of ~he said suma of money vre~e orginally s~~pu:a~ed
ro be pa~d on such d~y. a~ything in sa;d p~omissory no:e w in th:s Mortg~ge ro the contrary no~w~thsta~ding; and thereupon w tFxr~ahe~ a~ the op~~on of
sa~d MORiGAGEE, wi~iaut noric~ w demand, w~t at law or in eq~iy, 1IKtQfOfO W tAlfNftN begu~, may be prosecuted ~s if all m«KYs secu~ed hrreby
had matured pnor 10 ~ts institution.
7. That in tM event that at the beginrung of or at any time pe~?ding u+y wit upon this Mortgsge, w to (weclose it, or ro reform ib o? to enforce
payment of sny claims Aereunder, said MOR?GAGEE shall apply to the Co~rt haviny jwisd~ction tF+ereof tw tF~q ~ppo~ntrneat of s Rece~ver, such Coun shall
fosthwith appoiM ~ receiver of said mortpsged proQerty all and singulu, ir?clud~++g all and singulu the inco~ne, pro(us, issues and ~evenues from whatever
source derived, each and every of which ~t bcinp expressly unders~ood, is hcrcDy mwtg+ged as if spet+fically ut forth and desuibed in the granting and
habendum clauses hereof, and such Rxtiver ~twll have ~~I tl+e bro+d aad efiective functions and powe~s in anywise e+urusted by a Court to a Receive?, and
such ~ppoirom.~rt shatl be made by such Cowt u an admitted equity and ~ rr.+na of absolu~e right to siid MORTGAGEE, and wi~hovt referonce ro the
adequacy or iMdeqwcy of the value of the p~operty mort9~yed w to the soWency o~ inwlvency of saed lMORTGAGOR w the defendants, and that such
re~~s, profin, income, iu~es and revenues thall b~ applied by iuch RECeiver accwding to the lien or equity of said MORTGAGEE and the pauKe of such
CauA.
8. To duy, p~ompty snd fuly pe~fwm, d'uchuge, execw.e, effed, complete, comply w~th ~nd sbide by each ar+d every tl+e st~pulations, s9reements,
conditions and covee~nts ~n sa/d prom~~ory rate and this mwtg~ge set fwth.
9. Th~t in the event the ownership of the mortg+ged pre*nises, o~ ~ny put thereof, becomes vested in a person other thao the MORTGAGOR, the
A10RTGAGEE, its succeuws ud auigro, may, wi~hout notice to the MORTGAOR, deal with such succeuor or succeswv in interest with refcrence to this
mor~gage and tIx debt hereby secured in the same manne~ as wi~h Mwtgago~ without in any way vit~afiny w d~schargirg the Mortgagori lia4ility I+crr
undr~ :x upon riv~ deo+ nereby xc.,+~_ titr sate of the p~emises hercby mwtgyed and no fwbe~rance on she part of the MORTGAGEE w irs successors
or asi~gns and no e:~ension of the ~ime fw the p+ymem of the debt hereby secwed 9ive.~ by the MORTGAGEE w its successws or au~gns, shall operate
eo releax, d~scMrge, rtwdify change a affect the orig~nal IiabiGty of ~he AhORTGAGOR hereie, either in whde a in put.
10. It ~s speufically ayreed ~Mt time a of the euence of this cwitract +nd tMt no waiver of any ob~igation hertunder w of the obligation se-
cvred hereby aha!i at any Ywne thereaft~r be hetd to be a wa~ver of tF~e terms ~eof a of the instrument secured herby.
11. In ad~~tio~ to the fwego:ng monthly payments of print'pal and inrcrest required by the ptonussoiy note secured hereby, mwtgagor covenanrs
ar.d agrees to pay to mo?tgagee vvith each m«+~hty payment ~n add~r~onal sur esr~ma•ed by matgagee to be eq~al to 1/12 of the ann~al cost of tFx follow-
inq:
A-All real property taxrs levied o~ ssxssed against the atove described real estate.
B-Premiums on fire and windstorm inwrance as herrin requ:red to be carried on the ~mp~ovements situare on the above dascr~bed premises_
C-Premiums on suth mortgsge guaranty insu~sr~ce as mo~tgagee shall frem time to time ~!eem ~it ta carry on tht loan secured hereby.
Matgagee shall from time to time notify mortgagor in writing of tix amount due and pa~ab7e he~eunder snd such sum shall therevpon be due and
-,~yable on the dve dare of ~he next monthfy payment and exh successive month dxreaffer until mortgagee shall not~fy mortgagor of a change in such
M a:na.,nt. Such sums sF.all be applied by mo~tgagee foward the payment of reai property taxes, insurance prem:ums, and mwtgage g~aranty insurance
j p; emivms. ~
E tN WIiNE55 WHERFOF ttx said MORTGAGOR has hereunto xt his FNnd and seal fhe day and yesr fi:sf aforesaid_
f Signed a. iva the presence of: /
.r G • ~.''~u " (Sea4
~ ~y,~ >
~~'j (Seaq
i~ ~ J :fl~ <!1~} (Sean
/n U l le g. I.CR1S (Sea4
~
STATE OF FLGAIa/r I~Iyla2ld ~
55.
COUtvTY OF ~
Before me personally a ared Robert A. L~1S snd
Myrtle B. ~8 his wife, to me well known and known to me ro be
~hr individuals described in snd wFw executed the foreyarg instrument, and acfuwwledged before me tMt they exea:ted the same fw tMe p~rrpases
~ rherein expressed. Md the said Mv~rtl a B. Li!1/~S `
r~~~e of the said ROb@It A. Z.~1S vpon s separate and p?iwte
~ exam~narion by me taken separate and apart fiom her said husband, sdcnowledgcd to and before me that she exetvted ssid irotrume~N iieely and volun-
ra•,ty and w~thout any c~rnpulsion, constraint, appreh~ns~w fear of w from her ssid husb~nd.
~ WITNESS my hand and officual seal this ~ 1 day of Februarv - p. ~973~ •
.
~ r .
~ ~ ~
~r Notary Public in a for tate of ~f Lar ~
~ My Commission expires: ~ ; ~ ~ ~ •
~ Return Tm •
fint Federsl Savings 6 loan Asso;iation ,•y
~ Of Fort P~erce. % ~ ~ ~
~ ~ J~ • .
~ Fwt Pierce. Fiorida , a r.`~
~ _
~ /ILfO Rh;: HEti~:tDfO
~ fT. LUZ~~ ~~~:NTr Ft~.
This InsirumeM Prepared By J. H. RobeYts, Jr. a4e~~ r~"Aa5
First Federal Savings 3+oan Association C1.ERr. t u+ COURT
~ of Fori Pierce , Rlorida P~~G~N.. JE:.~=:cU
~ Checked By M~t ! 3 4u PM'73 _
~ ` 48829
~ 8a~x 211 1519
~
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