HomeMy WebLinkAbout2099 3. To p7sco and con~in~wusly kerp on tne iwi!J~ngs no~r or haeafscr s~r~~tt on sa~d lind a~d c+n a!1 eq~~~p+rrm and pc~son~liy co~ered !+y ~h~~ mcrtg-
ag~, w~~1~ aN prir~:~ms ~herton ~w:d .n full, t~ro in:u:~nce ~n ths vsuat ~te~:dard po:ity iorm, in ~~v~~ app+ovad by ttx A1CR~~::Gff, ar:d w~r~atorm
~nsurorx~ in rhs uswl srandacd pv::cy fora~, ia a ium app~oved by ~M MORiC•AGFE, in such carpa~y a ca~~pan~c~ as ~hs M02iGAGEE ~++av
d~rech and aSl (ire and vr+ndstwm ins~~ance poi~c~as on any of sa~d bvitd.ngs, ae~ inlsrett :hatein ur part thtreor, in ~he aggre9.t~e sum aforesa~d o~
in sxces~ ~hercof, ~hall :omein ~ne usuaf sia~~dud ma~gagee ciauie a such o~her cta~s~ as the Motrgagee may .eqwre ma?n.a ~oss unJr. id~ pO~F
c~es, exA ~nd every, paY.~b!a ro sa~d A~JRIGAGEE as ~ts ~nt~rait msy appear, and cach and every suth po'~cy ahall be p~um~:~ty ass g~:rd and de~~~-rrd so
~ny heid by aa~si A10RfG4GEE at ~unher t:curity to said rt:ortgege debt, and, nor !eu Ihan trn U0; daYS rdu~:ce ef ihe eap~rat:on of each pol~cy, ~o dr
6ve~ to said MORTGAGFE a renrwal thercaf, toqe~he~ w;~h a rcce~pr fw the p~em;um of suth re~~ewai; a,xl ~F,~re iha:l tx ro i.ra o~ .~~:1as~o~~n inaurance
p~aced on any of sa:d bu~ld~ngs, any inttrest therein u pe~t thereof, untcas in rhe fo~m and w~ih tF~Y to:s payabtr as a~oresa~d; aRd tn ~he e~ent any sum
of money txca~+es payabie undrr s~ch pol~cy or poGuas sakl MORiGAGEf sha11 have +ha opnon ro~ecr:Ye a:~d epply ihe sa~+~e on account of ~he in~lr~t~-d-
neu secured hrreby or ro pcrr.~~i sa~d MORTGAGORS ~o rcce~va and uss it or any ~hr:ecf ier o:~~~r {.v~~~JSrS. ~..thu..i ih••.:,; ~r•.:~.;,~ ~r ~~,:p.~~-
]ng any equ~ty, Uen a~~gh~ under w by vir~ve of this ma:ga3e; snd in the even~ ~a:d MORiGAGORS shall ta any reason fa~i ro krrp ~he aa~d p+em~ses ~o
insvr¢~, pa fai! b c}el~vei p,ofnprly iny of s.~;d polK~cs of insurance to sa~d MORTGAGEE, w fa;l promp:ly to pay fu~ly any ;.r~~n,;,~n ~Il@fCFOf o~ ~n a~~y
respec~ fail to perfwm, d~schuge, carcute: ef(eu, comple~r, co:nply wi~h and ab~de by th~s covenant, w any part hrreoi, s~~d MGRiGAGEE ~nay place a~~a
~ay fo~ tuch insur.utce or any part thereo( wnhout waiv~ng w affecting any opt;on, lien, rqu~ty, or r~ght uodrr a b~ vvt~ 01 ~h~s Aton9age, a~d the
1~11 amount o( rach and e.ery svch payment shall be immedi~tely due and payable and shall brar ir~teresl fiom fhe da~e ~hzraoi i~atll pa~d a~ ~he raie ot
~~~~~e pcr centum per annu~n and roarth~v wrth such inter~st sha:i br :ecured by tha lien of th~s mortgage.
To permit, tomm~t w suffar no vvaste, impa~rment or detcriotafion of uid property w any paal t{k~eof.
5. To pay a? aod s~ngutar rlw ~osrs, charges and expenses, inciud;ng a ~easonable attuney's (ee and costs of abs~racts of ri~;e, incurred w pa~d ar
~ny tim.e by said MORTGAG:E, because or i~ tne event of tAe fa~lure on ~he part of the said MORTGAVpR ro duly, pron,prly and f~l{y perfwm, d~scharge.
~~ecuee, effect, canp:ere, comply w~~h and ab:de by each and evcry ttK stipu:anons, syrerments, con~itions, and covenan?s of sa~d prom;sso?y note and ~hls
.~no~rgsge sny p e~~her, ar.d sa:d cosrs, chargas •nd expense,, each and eve~y, shall be immed~ately dve and payab:e; whrthe~ o. not ~hr~e be nohce da
mand, attempt ro collcct p wit pend~ng; and ~he fu11 arrwunt of ea.h and e~ery such paymem shall bra. imcres~ from ~he date tt~reof unril paid at the
.~rr of nine per centum p.:r amwm; and a~l sa~d cosrs, tha~ges a»d erptnus inc~rted o~ paid, together ~v~th such i~terest, shatl be setured by the tien of th+~
mortyage. .
6- That (a) in the event of any brcach of this Morrgage or defavl~ on the pan of tFx bIORTGlaGOR, or ;b) in tFie event any of s~:d suma o/ mo~ey
herein referrrd ro be no~ pranprty and fuNy pa:d wfrhin thury (3J) days neat aiter nc~ ssnx sere~atly beca~ie due and payable, wishou~ demand o? notrce,
or (c) in the event each and eve:y the stipu'canons, agreeme~ts, cond~~~a~s and covenants of sa.d promissory notr and th~s moregage any w ei~her are not
iuly, pronr.ptly and tutly performed, d:schargrd, execured, effec~ed, canpleted, compt~ed w6ih aad ab~ded Sy, then +n e:ther or any such event tSe sa~d ag- -
gr~~gate sum rt~lntior~ed i~ said promissory note then remaining unpaid, with imerost accrued, and all monrys setured hereby, shalt become due and pay-
ab~e forthwith, a sh~reaffer, at the op::ou of seid MORiGAGfE, as fully and comp!e~ely as ii all of ~hr said s~ms o~ :noney were or~g~naity sr~p~:ated
to be patd on such day, anyth~ng ~n sa.d p~o:n;ssory note a in ~h7s Mortgage to ~he conr.ary norw~~hstand~ng; and ~hereupon a~hereafter at the opn«? of
sa~d MORTGAGEE, w~rhovt ~once w demand, au~t at lew or in. equity, tlKrefore or thereairer begun, may be prosecuted as if all moneys secured FKreby
nad maw~ed pna ro~ts ins~~:ution.
7. Thal in the event rha! ar the beginn~rg of or at any time pendinq any suFr unon fhis Morrgage, or to fareclou it, or to reform it, or to en(orce
payment ot any cla~ms hereunder, said MORTGAGFE sha11 apply to the Court havir.g ~ur~sd~uion thereof for the appa~ntment of e Receiver, such Covrt shall
Fcrthwirh appoint a receiver of said rtw~tgaged prpperty afI and singulsr, includ,ng ait and s~ngu!ar the income, p+ot~es, iss~es and revenues from whafever
s~wce de~:ved, each and evtvy of wh;ch, it be~ng expressly undersrood, ia hereby morigaged as if spec~fecally ut (ath and described in the granting and
habend~m clauses hereot, and such Recriver shail hare all tha broad and effettive funct,o~is and powers i~ anyw~se enfrusted by a Co~.t to a Receiver, and
s~ch appoinrment shatt be made by such Covrt as an admitted equi~y and a marter of abso~ure r~gM to sa~d MORTGAGEE, and wi:hout ~eference to the
a~equecy or inadequacy of the va:ve of the property mwtgaged or to thr so~vrncy or :nsoirency of sa~d MORTGAGOR or the de'~ndants, a~d that such
ce~:s. profits, income, iasues a~d revenues sha:l t~ app(~ed by such Receiver accord+ng to rhe Iien or eq~ity of :atd tdORTGAGFE end the pracrice of such
Co~~t.
B. To duly, prompt:y ~r+d fully perform, d~scharge, execute, eifect, complete, comply w~th and abide by each and every the stipulations, agr~ments,
,ondit~ons and covcnanrs in sa~d promissoay nore and th~s mwtgage set fath.
9. That in the event rhe owntrship of ~he mortgaged prem;ses, or any part thereof, becomes vesred in a pcryon other than the MORTGAGOR, the
1.~~kTGAGEE, it~ suceeuws and ass;g~s, ~nay, w~thout no~~ce to the A10RiGAOR, deal with such succrssor or successw ~n inte?est wir}~ refere~ce to this
mor~gage ar+d the deb~ hereby secu~ed in the same manner as wrth Mortgago. w~~hout in any way vit~ating or disthargiry the Nb~zgegors` Gab~7ity herr
~rde: u upon the debr hereby aecured. Mo sale oi the premises hrreby mortgaged and oo fukxarsnce on the part of the R10RTGAGEE or its s~ccrssors
or assgns and no euension of the time for the payment of !he debt hereby sec~r~ yiven br t(x MORIGAGEE or rts wccessors w eaa~y~~s, or.::ate
~o release, d~xharge, mod~fy change or afiect the orig~nai i;ab~f~ry of the A,SORIGAGOR he.ein, either in whole or in part.
10. tt is ss ~cificaliy ag~eed thar time is of the euence of th7s contratt and that r.o waiver of any obGgat~on hereunder or of the obligat'an sr
cured hereby shat~ at any time thereat~er be F.e:d to be i WJIYIN ot the terms hereof w ot the instrument secured he.by.
11. In add.tio~ to the forego:ng month!y paymenrs of pr:nc pal and interesr iequired by the prom;ssory no!e s`cured hrreby, mortyagor covenants
~^d agrees to pay to mo:fgagee with each mon!h+y payr.:eat an add~uanal sum es• mared by mwtyagee to be equal to l; 12 of the annual cast of the follow-
f r,.~: -
A-All real p~operty tax.s lev~ed cr assess_~o d9di^.st the above desc.ibed r;al essate.
B-Frem~ums on i~re and windsior~n insuracce as he:e~n requ:red to be car.]~d on the ~mproveme~t= s~tuate on the above d~scribed p~emises.
C-Prem~um: on such mortg;ge gua.anty ir.sura~~ce as mo+tgagee sha'1 fro:n rme to time deem 3it to carry on tbe {oan secured hereby_
Mortgagee shai! from t;,r.e to time not:ly mortyagor in writing of the aTo~~t due and payable hereundrr and such w:n sha~) there~p~n be due and
.~vable on the due da!e of ~he neRt n.onth[y pay.r-ent and each success~ve month thereafi~r ur.ti? mongagee sha!I not~fy mwtgagor of a charye in such
a~•.ount. $uch sums sHa:i app:ied i~y mortgagee tovvard the payment of rea! prope~ty taxes, insura.zcs prem.~ ns, a:~d mortgage g~aranty i~surance
:remi~ms.
IN Y~IT~.:$$ 1lHfREOF, the sa~d ?rCRTGAGOR has hereunto ser his hand and seel the day and year first afwesa~d.
rSgne~l, Seated and dei;vrred in the presenc of:
~ ~J ~ / ~
_ r Q. . H ud son (5`aq
(Sea1)
: - 1 (Seal) -
_ -r'`"t ~ - ~-7 't5eaq
Thelc~.-~ Hudson
Si;,TE OF FiORIDA ~
~OUNTY OF L l3C 1 Q , ~
- 1
, eefore me personally appeared Q. P. Hudson
and
Thelm~ L., Hudson his wife, to me well krtown and known ~o me to be
the ind~vidvals desvlbed in and who executed the foregoi instrument, and acknow~edged before me that they executed the same for the purposes
, rherein express_3. Md the said 1'helm~~. HUCjS011
.~ife of the said Q• p. NUC~SOTS vpon a separate and private
exam~~at~on by me taicen separate and apart from her sa~d husband, ackrawledged to and before me that she exetu:ed wid inst~ubzent freely arx! volutr
rar~ly and w~tho~t any com~u!sian, constraint, appre ~e~~:-pn, or fear of w from her said husba~ \ •
3. ^ 'Z
WIThESS my har~d and olf~c~af seal this_- day of- l' ~_~,~s ~ p~ ,19~73
_ it3ci.~.~~ %
__~~il'~>- ~
Np
at ry Public in and ~for t?~e St~t~.qf;~Fbride,af Lsrge
M~` Eommission expires: ( ` ' -
Return To: -
First Feder~l Savings b Lo~n Associat,on ~~~%~t~. ~~L',
t ~ ~ l~. . j
~ Of fo!t Y~eree- _ : i - ` .••yt ` ~ .
Fort P:~rce. Ftcr;d~ ; ,.•'.V,
~l.fC t.M~ k p~~ . ^ .:t; :t
E~ y"q . . ~
~~.1lJ~tE "vUMTr f ~ " -
RQC-;. ~J?TRR~ ~
CtE-?, i:~,G;/tT COURr i"~
4Frnt -,~n _
This Instrument Prepared By k. L. C~.llahan • ~„~,~4~
First Federa) Sav;ngs 8 Loan Association
of Fort Pierce lorida M~ 1 3 t3 PM f~3
Checked By 249226
so~K21~. Pt,ct2097 ~
Sh
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