HomeMy WebLinkAbout2311 J. To plac~ and conrin~w,sly keep on the buiidings now a l.cresfter s~tua`~ on sa~d !ud ~.sd on ~11 cq~ipment ~nd p~.ionalfy covared by ~his mor~g~
~g~, w~th all premi~ms Ihe~eon pa~d i~ full, fir~ insurance ~n ~ns usual ~und~d ~clKy fam, in a sum appro.ed by rhe MORiGAGFE, •.+d w;nds~wm
inw~anc~ in tM u:wl i?ark+ard pol~cy lam, In ~ sum approvsd by 1M MOR~GAtsEE, in such company o~ :ompan~cs at ~hs MORTGAGEE may
diret?; ~nd alt (irs and w~~dsrorm iniurante pot~cies ot? any of u:d build~:ys, any interea~ thNein ,N part th~reo/, in ~h~ p9~syat~ wm ata~uid or
in ~ticeu ~hereof, ~hall contain ~he uswi sundard mostya9~a daus~ a a~ch othN clauw as tM Mortp~qee may requu~, ma?in9 ~1~s lass unde~ sa~d poli-
c:es, exh and every, payab~e to sa~d MORTGAGFE aa ~ts iole~es~ msy ap~+su, and eacA u+d eve~y such pot~cy shall be p~ompHy us ~ned a~ de~iv~r~d ~o
•ny heW by 3a~d MGAIGAGEE ~i f~nfer aecurit~ to said m«~gags dsbt, and; ~?w kw ~han ren (~o) d.ys ~ adva.x~ of ih~ ~,epi.ar~on oi e~ch potKy. fo d~-
~+var 1o said MORI.~'iAGEE • renewal the.eof, ta9e~her wi~h • rece~pt (w the premivm oi iuch renewai; and ~here stiail bt no tue or w~r.dsw~m insura~t~
plsced on ~ny of said buildu~gs, ~ny interes~ Ihertir. o~ pul therwf, unleu in the form and witl~ 1M loss payable ai afortsaid; and ~n ti+e rte~t a~y swn
of mnney becom~s payable wxler such policy or polecias sa~d MORIGAGEE shall have tl?~ option lo reteive and ~pply tM san.e on accou~~ ot rhe indeb~ed~
ness securcd here~y w to perrn~~ said MORTGAGORS ~o reteiv sad us~ it p aoy ps~? thereoi iw o:ixr purEwsrs, r~~~ho~t ~h_r.o1 a•.:[::.:~ as „~~pei.-
tng any pu~ty, lien a~ght uode~ w by vir~ue of tFus mo:t9sgc; and in the ~vent ssid MORTGAGORS sholl for any reason (ail to kerp the sa~d p~em~~ra so
inwred, a(ail ro delivev promptfy any of said pol~eies of irtsw~nc~ to sa~d MORTGAGEE. or lail pro+-epdy to pay fully any pre~~~~um therefw or in any
respett fail to pe.form, d~scharge, execur~, efiect, complete, cwnply wi~h and abid~ by this covenan~, o~ any pa~t hzreoi, se~d MORTGAG~E msy place a~zd
paY for such iruvronc~ or any parf the~eof wi~hout waivin9 ur iffettinp anY pption, litr4 equity. o~ ~igh1 unda w by virlut of this Mo~tgage. and the
tu11 arr~ount of each and every such psymant shall be immediately dw ~nd p+yabt~ and shall bear i~terest from the da!e ~hcreof until pa~d a~ tM ra~e ol
~~ne prr ccnt.,~~~ y~: a:~.:;~ a-.3 ~~ycth.cr wiih such interest shali be srcured by the lien of this mwtyage.
1. To permit. m~nmit or suffer no waste. impa'ument a deter;wat:on of said property w ~ny part thereof.
S. To pay at! and slr,Qular ths costs, chargd u+d expenses includir?g a reasonable atrorney's tee a~d costs of abstracti of title, incurred or pa~d at
any tun~ by sa~d MORiGAGEE, 6ecause a i~ the event of ~M failure on the pa~t of ~he said MORTGAGOR to duly, promptly a~d fully pe~twm, d.scharge.
exe:ute, e(fect, compkte, comply w~th and ab:de by exh e~d every rhe s?~pulatioru, ag:cements, conditions, a~ti covenants of said promisswy note and ~hu
:nafgage any w ei~h~v. and sa~d costs, charges and expenses, esch and mre~y, sMII ba immediately due and p~yable; whetl?er a~+ot ihere be no~~ce da
mand, attempt ro colled u suit penJ~ng; and the f~11 srtqvnt of each and every s~ch p~yment sAaG bear i~rerest ho~n the date thcreof unril pa'r! at ?he
»re of nine per crnrum per annurn; and a!~ saiot costs, cM~ges and expe~ses iocvrrec p paid, iogether w~sh suth interest, shall be aecured by the G~n of thi~
morl9iyf. . . .
b_ That (a) in the event of any breach of ~his Mortga~e or de(ault on the part of the fdORTGAGOR, o~ (b) in rhe tvent any oi sa+d ~ums of nwney
herein refener! to be not prompriy and fully paid wi~hin thirty (30) days nea~ afrer ~he same severally become due ar.d payaWe, wnhout demand o~ notice.
or the evem each and eve~y ~he sripulations, ~greements, cond~~ions and cove~ants of sa~d promissory note and th~s matgsge a~y o~ e~ther a?e no!
~uly, prompHy and (ully per(wmed, d~sc!wrged, exeeuled, effected, compieted, complied wilh and abidod by, lhen i~ e~lher or ~ny such event the sa~d ag
gregate sum mentaned in said promissory note then ~emaining unpaid. with interest sar;rsd. and all mo~eya secured hereby. shall become due ~nd pay-
abte fwthwith, or thereafter, at the option of said MORIGAGEE, u fvlly a~d comptereiy as it atl of the sa~d sums of mo~ey wc~e ug~n+lly st+pu!a~ed
?o be pa;d o~ such day, anytning in sa:d p~om:asory note w in tnis Mwtgage to the con!rary notwi~hst~nding; and tMrevpon o~ thereafter a~ the opuon of
sa~d MORTGAGEE, wirhout notice or demand, suit at law or in equity, therefwe or tFKreafter begun, r.~y 6e prosecuted as if ~II monays secured hereby
hjd matured pnw to iri insfitutiom.
7. 1hs! in the evenl t}wt the beginn~rg of w at any time pending any suit ~pon ~his Mwtgage, a ro fwectose it; o~ fo refwm it, w to enface
paymeM of sny claems he~eu~der, uid MORTGAGEE :hall apply to the Gourt having ju~isd;ction thereof for the sppaMment of a Recc~ver, such Court shalt
forfhwieh appoiM a receive? o( uid mortgaged propaty all and s~ngubr, indud~ng all and a~nqulsr thc incornt, profns, iasues a~d reve++ues irari whatever
source derived, exh and erery of whKh, it being expressly understood, is F+e.eby mortg~ged as if spec~fically ut fw~h and deuribed in the groming and
habendum cta~us hereof, and such Receiver shall have all the b~oad and effective funcnons and powers in anywiu en~~usted by a Co~rt fo a Rcceirei, and
s,.ch appointment shsll be made by such Coure as an admitted eqvity and a mauer nf ~bsolu~e ~~ght to said MORTGAGEE, and wiehout rcference to the
adequscy w ir+adeqvxy of the value of the p?operty mwtg~ged or to the solvency a insoivency of said MORiGAGOR a the defendants, and that such
renn, prof~n, uxome, iuues u~d revenves shail be applied by such Receivc~ xcord;ng to the lien w equity of said MORTGAGfE and the praclice of auch
Court.
8. To duly, promptly and fully perfum, d'~scharge, execute, effett, complete, comply with and abide by each and every the stipulations, agrecmenq,
conditions and covenants in sa~d p~omissory ~ore and this mwrgage set fwrh.
9. That in the evenf the owrtarship of ths mor+g,g!.t! p:e+•~~s..s_ o~ any part thereo(. becornes v~stea in a.person other thsn the MORTGAGOR, the
MORTGAGEE, its suctessors and auigns, may, wi~hout no~ice to the MORTGAOR, deal with such successor a successw in interest with reicrence ~o thw
r:o~~ga~e and the de5t hereby secur~d in the sams manner is wirh Mo~tgagw w~thour in any way vitiating er d~scha~ging the Mwrgagws' liability h.rr
under w upon the debt hereby Secured. No sale of the Fr~mises hereby mo.tgaged ~~d no forbearar,ce on the part of tF~e MpRiGAGEE or its successon
or assgns a*+d no extensio~ of t}r_ t;me fa ~he pay~r~ent of ~he debt herety xcured given by tFK MOQTGAGEE or in successors or au~gns, ,.tiatl operate
ro release, d,scharge. madify chang~ or aNett 1he aiginal liabiliry of ~he AAORiGAGOR herein, either in whoSe w i~ part. '
l0. It is spcc~fically agreed thaf time is of the esxnce of this co~tract and that no waiver of any obligation hcrcu~der pr of the oblgation sr
cured hereby shaU a1 any time ehercaiter be hcld to be a waive~ of the terms hereof w of the instrumem secured herby.
11. In add~t~on !o the forego:r~g monthly paymems of princ'pal and interest requ~red by the prom~ssory note secured hereby, mortgagor tovenants
and agrees to pay to mo: tgagee wirh esch monrhty payment an add~~~onsl s~m csumated by mortgagee to be eq~a! to 1/ 12 of rhe ar.~ual cost of the follow-
~ng:
A-All rea) property taxes levied or assessed against the above described real estate. ~
B-Premiums on fire artd windstorm insurance as Fxrein requ~red to be w~ried o.i the improvemeats situate on the above dsscribed premises.
C-Premiums on such maigags gwranl~• insurance as mortgagee sFea11 lrom time to !ime deem fit to carry pn the loan secured hereby.
Mor!gagee }hall from t~me to time not;fy mortgagor in writ~ng of the amount due and payable hereunde~ and such sum shall thereupon be due and
~
payable oo the d~ ~jsra' pf .the next mo~thly payrnent and each successive month thereaf~er ur.til mortgacce shatt not~fy marrgagor of a change in such
a•^:ounT,.~9UCh•su~s~'shalf~_.:qQplied by mortgagee toward the payrrsent of real property tazes, insurance prem:ums, and mwtgage guaranty insurance
p~em` s.E . ~ i t-~ : • -
~Y/IiNES~~/~IEQFO~:thi s~~d MORTGAGOR has hereunto set h~s hand and sea~ the day and year first aforesaid.
~ S+g~ec~ 5e~led~syi'~erv
~~pd 'en tbe pescnce of:
`-s . - ~ `
' ` P v r ~n
• n
~ ' ~ - a~
, ^ ~ ~ ~ ~ - Bett eav
I.'••., ~
s~A~e~oF;F~
Q~~ O! _
~ cour~rY o~"~' ss.
. #
~ Before me personaNy appeared John Peavy Jr . a~
I g Q t t~I P6dV y ' his wife, to me well known and icnown to me to be
~ ~he individuab dex•ibed in and who executed the fwegang instrument, and acknowledged before me that they executed the same for the purposes
( therein expresxd. And the said Betty Peavy
i wtfe of the said John Peavy Jr upon a separafe aod priwts
examina~ion by me taken separate and apart from fur said hu:band, +ticnowledged to a~d befwe me that she executed said instrument freely and volun-
ra~~ly and w~thovt any comFulsion, constraint, apprehens~on, or fea of or from her said husband.
WITNESS my hand and official seal thi day o! Januar a ~ i9?3
Notary Pubtic in iw the 5tate of Fio?aa at pe
My Commissio~ expires:
, Retum To:
First Federal Saviogs b loan Assxiatlon •w~7 ~K. S4t! p( tt ~M~!
O~ fort P.erce. ~ ~~~s~ ~ AY
Fort Pie~ce, Ftotida ~f ^N• 4. ~916
w~N~M~~-~'p~~~~
~ This lnstrument Prepared By D. F. Holerc~er ST
LUC L COUNTr f[A
First Fede~al Savings b loan Association RoCEF r4~TRAS
cf Fort Pierce , Rlorida p f~ t~~r ~!;CtlaT COURT
QR:^. iE~~rt~~
' Checked Sy y~ , ~
~ 9 is AH '73
BORK 211 PA~~ 230y
249394
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