HomeMy WebLinkAbout2021 3. 1o plx~ and coni;nuously keep on rF+s bu+!dvigs no.v w hNNltef s~tusN on said I~nd arid on a1i eq~ipmenf and pe~sonatlY covsred by Ihis ma~~
eg~, w~th all premiums the~ra+ pa[d in fu~l, fhe insu~~nce ~n ~FN u~uit :iandard po:~ty fwm, in a w~n ap~uovstii by the MORttiAGEE. end w~ndsrorm
+nswant~ in tM ~swl staneia~d po«cy icvm, in : s~m ip~o:ed b~ eht MORIGAGFf, in wch compa~y a canpan,et as the MORTGAGEE mny
d«:ct; and a11 fu~ and w~ncls~wm inwra~ue po~Kms on any of sad bu~id.rgs, any interes~ thaei~ w pait tho:e~f, in the aflg~zgaie sum ~4o.esa~d or
i.~ sacess thereol, shall contatn tl~ usual sunda~d mwsgaye~ ciwse w uKh oiMr d~uis as ti+~ Mo~tflsyea rt~ay rey~.«, maAinp i?r~ :eu u~~de. iv~d poi~
c~ss, eatA end every, payab~s to aa~d A10RiGAGEE at ~b ~n~t~est may appea~, a~d e+ch a.+d evc.y t~ch pai~cy sh~ll be promp~iY ais g~cd s~~d de:~~e~rd ro
+++y hrld by sa+d MORIGAGEE at i~nFnr srcur~ty w se+d ma~gage deb~, sr+d, aM Ir.~ tMo ~a~ (10) deys in adva,Ke of ~he expuat~on o~ each FoiKy, to da
t~v~r ~o said M~R~uAGEE • rensw:l thareoF, toge~lui wi~h a~ec~~pt fa ~be prem;um of such renewal; and ~he~e shail bc no i~re or w:nds~a~n inswsnce
Placed on any of taid bui!dir:gs, ~ny Im~rctt theaein or parl thereof, unleas in the fo~m and wi~h ~h~ lass payable as aforesaid; and in the event any sum
of mon~y beconua paysble ur~der such policy or raol;tira sa~d MORTG%.GEE shall Mve the opr:on ro recr+v@ a~x! a~ply tha sa~ne on accoum of ~hr in~lrbtrd~
neis setured her~by o~ b pem~~l ssid MORTGAGORS :o recaive and ute it p eny part thereol fo~ vtncr p~rE~os~s, v.~rho,,t ih,..u~ wa:.;,~3 or nnpa~r-
~ng ae?Y equ~ty. I~en or ~gh~ under or by virtue ot ~his mo.^.gage; and i~ ~I?~ event w~d MO~iIGAGORS sha~i fa any reaso~ iail to lecp the sa~d prem~s:~f so
insu~td. w faif to detiver prompNy any of s,?id polKies oi inswance to sa~d MORTGAGEE, or lail promptty to pay fulty any premium tF~e~rfor or in a~y
~espett fait ~o pe~fwm, d~uharye, lItK01l. effecl, cm~plete, comply w~rh and ab;de by this covcnam, a ~ny part hereof, said MORiGAGEi may p~ace a:.d
pay fq such insuranca e• ~ny part thereof w~~hou~ waivirg w affrctinp any opGon, iiso, equ;fy, o~ s;ghr unde? or by v'uiue of ~h~s 6taegage, and the
full amou~l oi each and e.erv avch payment sA~ll be iR.mediately due and payab;e snd ahall bcar ioterest from the date 1h~~eof uneil paid at the rote o1
nine per cent~m pe~ annum artd to~rthrr v~ith such infeirst iF~ali be srcurcd by 1he lien of this mal~age.
To permil, co+nmit w suffer rw waste, impairment w detrr~oratro~ of said p~operry o~ :ny part the«of.
5. To pay all and sing~ia~ the c~ts, charges and expense; includi~g a ~easonable a~tanev's fee snd costs of absnacts o( tiNe, incurred or pa~d at
any time by said MORiGAG.E, becavse or in the event of the tailure on Iha part of ths said MORTGAC-OR to duly, promptiy snd fully pe~fp~m, d~scha+ge.
eaecute, et(ect, complete, comply wuh and sb:de by each aod avery the stip~,la~~ons, agrermenes, cond~tions, and :ovenants of sa.d From;s.ory note and this
+nc~rtgage any oi e+~her, and ssid coits, charges and expenses, cach and every, shall be immed~a~ely due a.~d payab:e; w1:e~her op not ~here ba not~ce dr
mand, attempt to ml~ect oa svit pend~ng; and the (ull amount oF each end eve~y such paymero shall bear intecest f:om the dafe thereof umii pa~d al the
rarr of nine Fx. cantum ~xr aru~u:n; and at! ~;d cosft, c~:atgea and eapr,eses ;nturred or paid t~c~hrr w,+h euch ime~sst, shall be secured by the I~en of th~f
mortg~.
6. Th~t (a) in the event of any breach of this Matgaga w defauN on the pa~t of the A10RTGAGOR, or (b) in thr event any of satd sums of money
herein refe~red ~o be not p~omp~ly a~d fulty pa~d wirh;~ th~rtY t30) daya ncxf af~er tht same uveraFly become dve and paysblc. wi~hout ~mand o~ not~ce,
o? (c) in the evenr esch and eve~y the st~pu~a::ons, agreeme~ts, cond+T~ons and cavenants of sa:d promi:sory no~e and ~h~s rtwrtgage any w ei~he~ are no1
iu:y, promptly i~?d fuiiy pertormed, d~uharged, execu~ed, e(tected, compteted, comp:;ed wi~h and abided Sy, then ~n e+~her or any such evem the sa~d ag~
gregste wm mentioned in said promiaswy r.ote thr~? revnaining unpaid, wirh imerest accrued, and ail moneys secured hereby, shall becvma due and pay-
ab:e forthw6th, or thersafter, at the opr~o~ of sa~d JNQRTGAGEE, as fvlty and comp:ese~y as if all of iik sa~d s~ms of money were w~g~nally s~~putated
io be pa~d o~ such day, anyth~ng in sa:d prom~sso.y note a in this lNOrtgaQe to the con~rary notw~~ha~and:ng; and ~herc:,pon or thereaf~er e+ ?he op~~on of
sa:d MORTGAGEE, witho~t ooticr or demand, suit at law w in equity, the~e(we w thereairer beg~n, mey be prosecu~ed as if alf ~noneys secured he~eby
nad rn~tured preor io ~ts institution_
7. That in the evem that a1 the begi:us;ng o( or af any t~ pendirg any w7t opa~ fhis Mongage, or to foreclose it, or to re#am it, or to enforce
payment of any claims he~eunder, said MORTGAGEE sha!1 apply to tix Co~rt having ~ur~sdu~ion thereof fw 1he appomtmenl of s Receiver, a•xh Coun shaU
fortAwith sppo]nt a rece~ve~r of said m«tgag.d property all and s~ryula~, includ~ng aIl u+d s~ngular the income, prof~rs, ~ssues and revmues fiorn whatever
sowce :ierirtd, each and every of whKh, it be~ry expressly ,:nderstood, is hereby mortgaged as if spec~fically set fwth and described in tF?e gran:ing and
h~txndum clauses hereof, a~+d such Qecei~er shal! have alt the kxoad and ef(ea~ve i~~x?.c.ns and powers ~o ~nyw~se entrusted by a Cour~ to a Receiver, and
s:.ch appoinrment shali be msde by s~ch Court as an admitred equity and a marter of absolure rlght to said MORiGAGEE, ar+d wilhout refererxe to the
adequaq w inadequacy of the valut of the pro,~e~ty m«tgaged or to fhe so~vency o~ ~nsolvency or.sai~i, MpRiGAGOR or the defendints, a~d thal s~,ch
rems, proF~ts, intome, issues and reve~uts shatl be applied by wch Qeceiver accordu~g to the tien o~ equify of-said MORTGAGEE and the praa'rce of auch
CouA.
8. To dvly, promptly and /ully perform, d~scharge, execute, eifect, complete, compiy w~th ~nd abide by each and every the st~putations, agreements,
condiirons u~d covenan~s ~n sa~d promissory nore and th;s mortgage xt fath.
9. That in the event the axnership of the mortgaged premeses, a any part thereef, betomes vest~ in a persort other than the MORiGAGOR, r1~e
ORTGAGEE, its suuessas and ass~gns, may, withovt ni,G,~ th~ b•.ORiGAOR, deaf with such sutcessu w succeswr in interest with referente to this
:~o~tgage and rhs deb~ Ae+eby secur~ in the same manner as w~th Mortgagor w~thout in any way vitiating or d~scharging tF~e Mwtgagors' liabiiity h~re-
;~nder or upon the debr he~eby setu~ed. No sa:e of ~he prem;ses hereby mortgaged and ~o forbeara~ce on the part oF ~he MORTGAGEE or its s~ccessors
or ass~gns and nv CAipN~Vt~ tha t;
:,a Sor the paymeat of t~e c:ebr he.eby secured given by the MORTGAGEE or its sw_cessws or ass~gns, a~wtl operate
ro release, d~scharge, mod~fy ~hange w affect tf+e original iiab~i~ty oi the ARORiGAGOR htrein, either in whote a in pan.
10. It is s~cil~cauy agreed rhat rime is of rhe euence of this conraact and that no wa;ver of sny obi~gar~on hereunder a of the obligation sr
cured haeby ~hal~ at any time thereaittr be hc!d to be s waiver of the terms hereof or of the instr~ment secured herby. ~
11. In add~tio~ to the ior¢go:rx~ monthly payments of princ pal and interest requirer3 by the prom~ssory note secured he:eby, mortgagor cove~ants
and agrees to pay to nA:tgagee w~~h each moo~hiy ~~:,~ent an add~r:onal sum ezr~mated by morrgagee~ to be equal to 1; 12 of the snn~at cost of the fofiow-
~ng:
A-All rea! prc~perty taxrs lev;rd or assested aga~hst thc above described real estate.
B-Premiums on fire ar.d r.indstora, ;nsvrar.ce as heze~n requ:~ed to be carried cn the ~mprovemeari s~tuate on the a5ove desaibed p:emises.
C--Pf@STIW~PS on svch mwrgage guaraoty ir.sura..te as mo.rgagee sha+l from t:me ro rime deem fii •o ca~iy on the loan secured F~e:eby.
Mortgagee shail from time t;, ~~rr~ norefy ~rtyagor ~n writ~ng of the arraf~t d~e and payable hereundrr and such surn shali thereupon be due and
r jyable on t}~ due dare of thr next nwnth:y paymens and each successive rnonth thereafter ur.~il mortgagee shail notify mortgagor of a change in such
a~~.ount. $uch sums sha:i be aopiied by mortgagee to•r.-a-d ~ke Fwyme~t of real property taaes, insurante prem:ums, and mortgage guararty in3urance
~-emiumS-
IN tY1TNE5S L1iHfREQF, the sa~d MORTGAGGR has hcreunto set his hand and sea! the day ear fir af id_
Signed, Sealed and delivered in tix pre~ence orc 1' ~~/,•G:^~
, i ~a ` John B. Pennin4ton a~
(Sean
- v~~'12li~/~..j,~~.s~w~ rSea4
_ Mar i yre P. Penni ~ton ~~n
srazE oF Fioa~oa ~ "
couNn oF -DAD~
ee~we me penonally appeared JOhtl E. Pennington a~
Marilvn P. Penninston his wife, to me wel! known and known to me to be
rhe ~ndividuals desvi~ed in and wF» executed the foregar+g instrument, and ackrwwfedged befwe me that they e:ecuted the same {w ihe purposes
rherein expreased. And the sa]d ~r11Yn P. Pennington •
-._:3.-~' s•
r.:fe of the ~;d John E~ Pesmington ~pp~~'~~.atE and-priwte
examinatioa by me taken separate and apart from her said husband, ukrwwledged to and bet9~ me that she e:ecute~_ sail:nsir~enpt fteily rqdSro{un-
tar~ty and withovt any compu;sion, constraint, apprehension, or fear of w from her said 1y~yband. -
WITNES$ my hand and official xat thit 2~ day of Y ~ ~"A. D~~y_73
~ L ~/.rJeL - - " .~l~~s~ at"" - ` -
Notary Public in and for tl~e ,Sw4 af:Fb ~ e! Large
My Commiuion expires: • Q . -
Return To: - •
• t: ,
First Federsl Sav:ngs 3 loan Associat:on anrn!~tr Pi18t~C. srAtE ot ~~~tttpt~~r uRc[
Cf iort P~erce. NY COlld~l!$SI(}M EXP1RfS SEPL 23,~ l973
Fort V~erce. F~orida •':eu 7M1lOUON ewtt~ w o~estt~MCM~r
Fi~EO ah=: ~ ~ - ~ 3 - ~3
~t. tuc,~ %ouw
r `
7his Instrument Prepared By John W. Co12i.ns CLfRKCER P~~;qAS
F;rst Federai Savin s 8 loan Association 1~ ~«CUIT COURT •
9 Ei~(~RO Yf~!: rL9~
of Fort Pierce, Florida
~h~k~ By ~ l 10 zc AH '73
ao x 2~1 r~c~ ~~9 2491'72
" e . . ~ - ' - - . . - - - ~ - - -
~''z~ r ~ ~ e
~ F s.- ~
rt y ~
~ ~..~",.z ~-.R..~~?',3>~~~.. _~"ay~ . `i ~ ~~~'~.~'K:f~
_ . _'!z .