HomeMy WebLinkAbout0047 7. To place and conunuous~y leep on the b~i J~~~ga nen w he~reiter •nuale o~ ta~d ~and and on •II ey~ip~+xnt e~~d penonally covered by this mot~¢
p~, with all prem~ums theieon pa~d m full, fue ins~i~nc~ ~n ~ha usval aande+d pohcy lorm, ~n a:um ap{~oved b/ the MORIGAGFE, and wir+ds~am
insurance in ~he uwal stand~rd pol.cy lo~m, in • sum apwo.ed by ~he MORTGAGEE, in ~uch canpany or ca*+p~nles +s ~he MORTGAGEE m+y
direcl; a++d all lire a~~d w~ntISIJ~m insurancd policief on any of said b~itd,nys. any iroeres~ ~hc~e~n or parl thereof. i~ 1he aggrega~e fum +?1a~s+~d w
In excess thereof, shall contain the usual sra+~dard morryagee c:ause a iuch other dauss ~s the Ma'yagce may reyu~re, ~~a\ing the los~ unde+ sa~d polE
ties, exh and evrry, pa~ab:a to sa~d \1JRTGAGEf a~ rts imer.s~ mdy appear, and each and every ~uch po!~c~ t~~all be promptly aatig~ed a~d dNiverrd to
any held by sa~d MORfGAGEE as (~~~her se<~ri~y to s~id mongage deb1, and, nol leu than ten (101 days in ad~ance of the exp~~alion of each policy, to de-
IivN to said MORTGAGEE a re~~ewa~ thercof, toge~hcr w~th ~ rete~pt fo~ the pr~rmium oi •uch renewal; and there shail tx no lae or windi~o~m insuranc~
placed on any of :aid bu~fdings, •ny lnterost therem w parl thtreof, unless in ~ht form and w~th the loss payable as aforf:aid; and in Ihe eve~t any sum
of money beconxs payubte ~nJer s.:ch policy or po~a~ea said MORTGAGEE ahall have ~he opt~on to rece~ve •+nd apNty the same on accou:~~ of Ihe indebted~
~eu secu~ed ht~eby or fo pem;it se~d ~dORTGAGORS to ~eceive and use i~ p any par? thr:co~ tor o~hrr ~,w~ csrs, vi.~n-v~t ~h:~.o~ .va~.~.~3 cr ~n~~ou-
ing a~y equ~ty, lien w nght undr~ o~ by virtue ot th~s mor`yage; and in the evem sa~d MORTGAGORS shali fo. any reason fail to k~tip ~he said p~emiscs w
insured, or fail to deliver p~wnptly any of said policies of insurance to sa~d MORTGAGEi, o~ Fai: promptly to pay ful~y any prenuum therefw or'in a~y
respect fail to perform, d~scha~ge, execuia, e(fect, canpte~e, co:nply wi~h and ab~de by thh covanaN, or any part hereol, sa~d MuRiGAGEf ~~ay piace and
pay fw such inwrance or a~y part the~eot without wai~irg w affeUing any option, lien, equity, or right under or by virtue of this Mof~gage. +~d the
full amount of each and e~ery such paymeol shall be ~mmediete~y due a~d payable and shall bear intaresl from ~ho date thereof until pa~d at ~he rate oi
nine per czntum per annom ar.d to3cth.~r wuh such int~res~ shaii !~e sacwed by 1F~e lien ot this mortqage.
To permit, commit or suifer no waste, impa~rmenl w deter~oration of said property or any part thereof. -
S_ To pay all and s~ngu!ar the costs, charges and eapenses, including a reasonable a»ornep's fee and cusrs ef abstrads of title, incurred o~ pa~d a1
a~y ti~ne by said MORTGAGEE, bccause or in thc event oi the fa~lure on the par? of the said MORTGAGOR to duly, promptly a~d futly perfwm, d~scharge,
execute, effetl, canplete. compty w~th and ab.de by ea:h and every the stipulat~ens, agreemrnts, conditions, and covenants o; said promissory note and this
mortgage any or ei~her, and sa~d costs, chargea and e,~pensea, each and every, shall be immed~ately due and payable; whether w not there be notiee d~
mand, avempt to coltect or suit pend~ng; and the full amoum of each and every such pay~~em shatl bea~ in~erest from ~he date thereof until paid at the
r,~te of n~ne per centuni per an~wrn; t:~•' all sa~d wsts, tna~ges and exprnses incwred a paid, tog~ther w+th such interest, shall be secured by the I~en of ihis
mwtgage.
6. That (a) in the event of any breach of rhis Morsgage or default o~ tM part of the MORTGAGOR, or (b) in the event any o{ satd sums of money
herein referred ~o be not proneNt{y and fully pa1J wuhin th~~ty ~3Q) days nexf atter the same srveral:y becon,e due and payable, without demend w notice,
or (c) in thr event each and every the s~~pu~ar~cns, agreements, cond~tio~~s a~d covenanss of Sa:d promissory note and th:i mortgage any or either are nol
~uly, promptly and fully periormed, d:sct~aT9ed, executrd, effected, completrd, comp~~ed w~~h and ab~dad Sy, ii~en in e:ther or any such eveM Ihe said ag
gregate sum meNioned in said piomissory note thrn rema~ning unpaid, with inte~est acuued, and att mo~~eys secured hereby, shall become due and pay-
ab!e forthwith, or rherra'.rer, at the opt~on cF s~~d h10RTGAGEE, as fufly and complrtely as if all of ti~e said s~ms of money were onginaity si~pulated
to be pa~d on svch day, anythinc~ in sa.d pro:n~ssory note or in ~his Mortgage to the comrary notwi~hstanding: aizd the~evpon or thereafter at the op~ion of
said MORTGAGEE, wirhout notlce or demand, sult at law or in equity, theiefcre or thereaitrr beg~n, may be prosecuted as if a11 moneys secured hereby
had matured p~~or to ds institut~on. .
7. That in the event that at the beg~~ning of or at any time pending any suit upon th~s Mortgage, or to foretlose it, or to re(orm it, or to enforte
payment ot any ciai~ns Rereur.der, sa~d AtiORTGAGEE sfia~t apply to the Cour~ having ~unsd~uion rhereof lor the ap~o~ntmero of a Receiver, such Court shall
forthwith appo+nt a:ece~•+er o( said mortgayed property all and singular, indudng all and sing~tar the ir.come, profds, issues and re.enues from whatever
source derived, each ar.d every of whkh, h be~ng exNress(y unders~ood, is F:ereby morrga9ed as ~f spec,fkalty set io~th ar,d desuibed in the g.anting and
habendum da~ses hereof, and svch Receiver shall have aik the broad and effecnve funu,ons and powers in a~yw~se entrosted by a Cowt to a Receiver, and
:~[h appointment shali be made by auch Cour1 as an admitted equity and a matter of absoiu~e right to said MORTGAGEE, and withe~t reierence to the
adequaey or inadequacy o( the value of the prope+ty mortgeged or to the so:vency or ~nwlrency oi said MORTGAGQR Or the defendants, and that such
.enfs, profits, income, issves and reve~:~es shal! be applied by such Recriver accord~:,g to the lien or equdy of said MORTGAGEE and the praUice of such
Court.
8. To du:y, prompt:y and f~lly perferm, dncharge, execute, effect, complete, cumpty with and abide by each and every the stipulations, agreements,
conditions a~d toven~nts :n'~3~d p:~m~sscry ne;e anC~ ih's morrgage set forth.
9. That in the evem the ov:rersh~p of the mortyao~d pren':ises, or any part thereof, becomes vested in a person other than the MORTGAGOR, fhe
MOR7GAGEE, irs wccessurs ar,d ass!gr.s, rr.ay, w[thout rcn:e to the h1t~RtGtiOR, dra! •,n;iih such successor or s~ttessor in interest wi~h referenee to this .
n;ortgage and the debt hereby secured i~i the samt mar,ncr as svi!h fdortgagor without in any way vit~ating or discharg~ng the Nlortgagors' tiability here-
under or upon ihe debt hereLy securc-d. ~+o sa;z of !he Fre~uses hereby mortgaged and no forbeara~ce on the part of the 1~10RiGAGEE or its suceessws
or ass~gns and no extension of the ti,re for ine pdymeM of the debr h~reby sec~red given by the /dORTGAGEE or its successors ot ass~gns, ai aEl operate
ro re!ease, d~scharge, modify change or affecr the origmal Iiab,I~ty of the MORTGAGOR herein, either in whole or in part.
10. It is spec~ffcalir agreed thar tin,e is of the essence of this coro~act and that no waiver of ar.y obligation hereunder or of the oblgation se-
cured hereby shal+ af any tir.~e rhereat:er be heid to be a v.a~re: of the terms herrof or of the ins~rument secured herby.
11. In add~t:o? ro :he Fo~egc ~~.ontl,~y payn,~ms of r~inc pai and ~~V2rf5~ requ~red b~ ~he pro~n sscry note sec~red hereb~, mortgagor eovenants
a:~d agrees to pay to rt~c-tgagee ~n~rh each ~„oneh,y pay~.~ent an add~rianal sum est~o:a~ed b/ martgagee to be eq~at to 1, 12 of the annual cost of the follow-
ir:~:
A-All real propc~r~ t3xas lcvi_d cr ass=~s_d eg~i,st tnc ahofe dest~~~cd r_al estate.
B-Prem~u•-is o~ f~re nn~ vnl:dstorm ir.suracce as her¢in reqv:red to be carncd oo the improveme~ts situate on th~ above desuibed premises.
C-Prerr~wr~s o~~ sucie n:ortg. qe gva~a~•:y ir.sura~.ce zs mcrt3ay~~e shali frcT r me to time d~em fit to carry un the loan secured hereby.
Mortgagee s~37 ircm r~.ne ta :~^e nct~t; merrgago• in writ~ng of the a~;.ou~t d~e a~d payable hereundrr and such sum sha!I thereupun be due and
~.ayabte on the due :i~re of ~i~e ~~exr n,omi,'r pay~„c•nr and ea.h successive :no*~?h thereaf~or ~ntii mortgagee sha!1 nonfy mortgagor of a change in such
~ a~•:o~nt. Such wmz s~a.I i~e app'~cd L mortysg•.e sowa-d the pain,e~t of fCd: OrUHCft'~ taxes, insura~ca prem:ums, and mortgage guara~ty iosurance
C
rremiums_
j `
~ IN \YITNES OF the id A R AGOR has hereo~to set his hand and seal the day and ar first a resaid.
~ Sig a. e: ed in e e .
i ~ _(Seap
ROnald R. Boehl ~~,q
~ Sean
~ - Ne 8 M. Bceh (5ea1)
SiATE OF FLORIDA )
} SS.
COUNTY OF St _ Lll~e 1
Befwe me personaiiy apoea.ed _ ROII211C] R. BO@hl and
Nelda M. BOP.~11 his wiie, to me well known and known to me to be
the ind~vid~a!s descr;bed in and who executed the foregoing instrument, and acknowtedged befwe me that they e~cecuted the same fot tAe purposes
therein expressed. And the :a~d_- Nelda M. Boehl i , ,
r.iFe of the said ---~Q~L~.~.~IIg211-_ = •.vp~id•A•s~S~at~,and private
exam~r.at~on by me taken sepa+ate and apart frem her said husband, acknowledged to and before me that she execpte~! s~fd instrument ~?~lly and voluo-
tarily and without any compulsion, cons~raint, apprehens:o , or fear of or from her said husband. C~'.
:
WITNESS my har.d a~d offiual seal this_. day of Ma ~ ^ ~A~ D. 19-7~
~ J ' ~
Notary Public in an~ for the Sf~te o'~ osida at-I.~tge
~ My Comm[ss:on expires: ; '
r_ Return To: :
~ First Federal Savings b Loan Associat[on 49902
2 ~ '°~'~i~~~
Of Fort P .,rc~-
~ Fors Pi-rrce, Flcric;a f1~Ea ~M° B~C;,'~Q~p
ST.tUCiE :.OLtiTY FU.
ROCt= ?•_-~~AS
CIEP.K Ci .CU~1 ~OURT ~~~1
R FC'~in R Y;~ P. i~ I E'? ~~f"
This Instrument Prepared By J. H. RobeZts ~ Jr .
First Federal Savings 8 loan Association 6 4 0~ PM '73
of Fort Pierce ~ Flo=ida
Checked By ~1~----
BG~~ zsz YACE 47
r'~ . : ~ Ks.:s!.
.~'YT"'.~.r-Z ' ~ f ~ 'K. tY:_.t4.i
y ~'""r'- ~.,,,~-'t T$y'~"~`~` wx~
~ ~
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