HomeMy WebLinkAbout0788 3. To place and cominuously keep on ~F~e b~~'J~~~g~ norr w hrreaiter s~tuate on s,~id tand and o~ al; eq.,lp~„en~ and persona~ly covered by this mong-
ege, wi~h a!I premiu~ns Iharcon pa d~n full, f+re inswa~ra in ~he usual s!arr~a~d po~~ty fo~m, i~ a sum appro.ed b~r ~h» MORiiaAGfE, a~~d winds~o~m
Insurante in the ~sval standard pol.cy ~orm, in • f~m aNproved by the MORTGAGEE, in tuch tompeny or tompen:es as the MORTGAGEE may
d~rect; and all (iro and w;ndsronn insurance po~~c:ef on any of saed bu~:d~ng~, any inter~s~ the~e~n o~ part thereof, in the sggreQer~ sum •fo~eta~d o~
in extess thereo(, shaU contain the usv~l uandard morryagar dauie o~ wch o~her tlsuse as the l~lortgag~o may re.;v~re, ma?~ng the Iu?s ~nder sa~d po~i-
ues, each and every, payoblr ~o aa~d AtORTGAGEE as ~ta intrrast may appear, and eac~ and eve~y such po!~c~ el~ail be prompUy ass gned s~~d deGvercd to
any held by said MORiGAGEE as fur~her security ro sn~d mortgage debt, a~~d, not tess Ihen ten (20) days in advance ot ~he e~pirofion of each policy, to da
Gver to faid MaRTGAGfE a renewal ~hcreof, toge~her w~th a rece~p! for the premwm ol wch renewal; and ~txre shall be no Lre or w~~~di+o~m insur~nce
p~aced un any ot said build~ngs, any intereit Ihere~n w parl thcreot, unlrss in the form and w~th the loss payauk at aloresaid; and in the evertt any sum
of money become~ payabfe under such polity w pot~uas sa+d MORTGAGEE shail have th@ opt~on to reccive an~ apyly the sa:~~e oo atcount of the indrbted-
ness sec~~ed hereby or ro perm~t sald MORTGAGORS ro recerve and use it d~ny pa~t thercof iar es~~~~. HurE osrs, ..~th•,.:e ~h,.. o. u~•p.:~r-
~~g a~y equ~ty, licn o~ r~ght unde~ or by virtue of this mo:!gage; and in tht event sa~d MORIGAGORS sAall fo? any reason tail to kaep the iaid p~emiict so
insured, or lsil ta deliver prp~nplly any of aaid pol:cies of insurante to sa~d MORTGAGEE, or fa~l pro~nptly 1o pay Fully any prr~~i~um the~efo: or in any
respect fail to perfam, dncharge, eaecute, efiec?, comple!e, comply wiih and abide by ~his covenant, or any pa~~ hareof, sa~d MCiRT~kGEE may p~acr a:~d
pay tw such insurance or any part the~eof withoul waiving or affecling any op~ion, lien, eyu~ty, or right under o~ by v~rtue of this Mort~age, and the
full amount ol each and every such paymznt shall be immediately due a~d payabte and shall bea~ interest irom ~he date thereof un~il p~~d at ~ha rate of
~~~+:e per centum per ann~m and t~~ethrr w~th suth interest ~hali be s~ured by the le~vt oi this mortgage.
4. To permit, commil w su((er no waste, i.npa+rment or derer;orafion of said property or any part thereof.
S. To pay all and singula~ the costs, charges and expensea, including a reaso~abte attorney'i fee and costs of abst.acts of titte, incurred w pa~d at
any time by wid MORTGAG:E, beca~se or i~ the event of the (ailure on the part o( ~he said MORTGAGOR to du~y, promp~ly and fu11y perform, d~scharge.
~xec~te, effect, comp:ete, comply w~th and ab:de by each and every the stepular~ons, rgreements, condit~ons, and covenants of said prom~:sory note and ~h~i
mortgage any or ei~her, a~d sa:d cos~s, cha~gea and eapenses, each and every, ihall be immed~a~ely dve and payable; whe~her w nm ~here be no~~ce de
mand, attempt to colleu or suit pend~ng; and the full amo~nt of each and eYery svch payment shaN bea~ inre~e:~ from the date thereof until paid a+ the
..,fe of n;:ie per cr~iru~n };er an~~u:n; and au said costs, charges and exp~nses ~rxurred u paid, ~ogether w~th such interest, shall be secured by the lien of thi~
mortgage.
6. Thal (a) in the eveM oi a~y breach of this Martgage or defau(t on tM pa.t of the MORTGAGOR, or tb) in the event sny of sa:d sums of money
hrrein referred to be not pranprly and fulty paid w~thin th~ry (30) days nex~ ahcr ~he same severa;ly becane due and payab!e, w:thou~ demand or noticz,
or (c) in the eveM each and every the stipu'~ations, agreements, condiiions and covenams o} sa.d promissory ~o~e and th~s morigage any o~ e~ther are no1
i~ly, prompNy and fu~ly per(ormed, d,scharged, eaecuted. effected, comptered, compl;ed wi+h and ab~ded by, ~hen in e:ther or any such eveM the sa~d ag
~~egate sum mentioned in said prorn~ssory note then rema~ning vnpa~d, with intere;t accrued, and atl moneys secured lkreby, shall become d~e and pay-
ab:e for~hwith, or thereaiter, at ~he opt~on of said MOR7GAGEE, as (ulfy and compiefety as if afl ot the said sums of money we~e a~g~nstly st~Au:ated
~o be pa,d on suth day, anything in sa.d promisscry note or in this Mortgage to the <onirary notwiihstand~~x~; and therevpon o~ the~eafter at the option of
sa:d MORTGAGEE, withoui notice or demar.d, s~it at iaw or in equ~ty, therefore o~ Ihereafser begun, may be prosecuted as ii al~ moneys secv~ed he~eby
nsd mawred pnor to its inuitution.
7. That in the even! rhat a! rh2 beginn~ng of or a1 a~y tim.e pending any su~t upon this Mortgaae, or to fweclose it, or to reform it, or to enfor~e
pa jme~~t of any cla~ms hr.eundrr, said MORTGAG~E shall apply to the Court having ~ur~sd,c~ion tnereof for the appo~ntmeM of a Receiver, such Court shall
fcrrhwi~h appofnt a receiver of said mortgagrd property alI and singuiar, inc;ud.ng all and singu~ar the income, prof~fs, issurs a~d revenues Irom whatever
sc~rce drrived, each anJ every of wh~ch, ~t be]ng expressly understoad, is hereby mor~gaged as :f speuiica~Iy set fo~th and described in the 9rant~ng and
habendum da~ses hereof, and svt~+ Receiver shau have aN the broad and effectrve funcnons and powers in anywise entrusted by a Cou~f to a Recriver, and
s,.ch appointment shail be made by such Cou~i as an ad~nitted equity and a matler of absoivte r:gh~ to said MORTGAGEE, and wi~hout referente to ihe
adrquacy or inadequacy of the value of rhe prope~ry mor~gaged or to the so~vency or ~nsolYency ol sa~d MIORTGAGOR a the delendams, and rhat such
re~is, profits, income, iuues and revenues shall be applied by such Reterver accord~ng to the lien or equity pf said MORTGAGEE and the praUice of such
Court.
8. To d~ty, promptly and fully perform, discharge, execvte, effect, complete, comply wirh and abid~ by each and every the stipulations, agreements,
<onditiom and covenanss ~n sa~d promissory noae and this mortgage set forth.
9. That in the evenr the ownership of the rnortgaged p~emises, or a,~y part thereof, becomes vested in a per~n other than the MQRTGAGOR, the
1.'pRTGAGEE, its successors and assigns, may, wiihout nence to the MORiGAOk, deal wiih :uch svccesso~ w svccessw in interest wirh reference to this
~'o~~gage a~d the debt hereby secured in the same ma~ner as with Mortgegor w~thout in any way vitiating o~ d~scharging 1be Mwtgagori liability herr
~~~3er or upon the debt hereby secured. No saie of the premises hereby mortgaged ar.d no forbearance on the part oi ~he MORTGAGEE or its successors
or assigns and no ezrersicn of rhe ~~me for the payment of the debt hereby aecured given by the A10RIGAGEE or its sutcessors or ass:gns, s~~all ope~ate
io re!ease, d~scharge, mod~iy change o~ atfect the origmal l;ab;Lfy of the h10RiGAGOR herein, either in whole or in part.
)0. It is spec~f;ca~ly agrerd that time is of the essence of this cor.tract and that no waiver of a~y obl;gat~o~ hereunde+ or of the obligatan se-
c~red hereby shall af any time thereafter be he!d to be a waiver of the terms hereoi or of the instrument secured herby.
I1. In add ~;cn !o fhe forego ng ~r,onth~y paym~ntz of princ'pal a^d intzres! requ~red by the prom:ssory nore sec~red hereoy, mortgagar covenanis
e~•d agr~es ro pay to rr:o•rg3gee w~i}~ each month!y pa~n:ent an odd~:~onal sum es~~«~ared by mortqagee to be equal ro 1; 12 oi the an~:ua! cos~ of the follow-
.
A-Ah real prop_rty taxes le•.~ed or assesced ag~i•~st thc above desvibed real estate.
B-Prernlvms on fire and •r~~ndsto+m insurarce as here~n requ:red to be ca.ried on rhe :mFrovements s~tuare on the above described premises.
C--Prem~urns uz such mo!tg;ge guaranTy insu~a~se as mortgagee shall fro:r. t me to ::me deem fit to carry on the loan setu~ed hereby_
Mortgagee she~' 'rcm nme to t(me nCtity mortgagor ~n wr~t7ng of th? amoum due ard payable F.ereundrr and such sum shalt the~eupon be due and
c~~able on the d~e da+e of rh~ next n:onth:y payR~ent and e.,ch wccessive month ~hereafi~r ~nti~ mcrtgagee shaN Rotify mortgagor of a change in such
~^:ount. Such sums sha.i f;e a~;pi;ed by mortgay.~e toward the payment of reat properry taxes, inwrance prem,ums, aad morigage guaraMy insurance
:remiums.
IN Y~ITNESS ':~HER~OF, ~he said MORTG:.GOR has hereunto set his har.d and seal the day and year first afwesaed.
, Signed, Sea~ed and delivered in the presence of:
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: 5T~7E OF FLORlDA . .
$'t • I.L1C 1@
j couyrv oF _ 1
f Before me personally appeared ~`~illiam G. Manehester, Jr. a~
; ?-Ielen Ann Manehester his wife, to me well k~own and known to me to be
~ the individua~s described in and who ezecuted the fo~egoing instrument. and acknowledged befwa me that they ezecuted the same for the purposes
' Helen Ann ~tanchester
€ rhFrein expressed. And the said_
fe of the said ^ WiilidlII Ca~ Manchester, .JZ ~
~ upon a sepa?ete a~d privste
e,am~nat~on by me taken separare and apa~t from her said husband, acknowledged to and befo~e me thaf she executed said instrument fr~y:~ voli~r?-
ra~~iy and w~thout any compulaion, constraint, apprehens~or+, or fear of or from her said husband. ~
WITNESS my hand and official seal t!~is_ 1~'th day of , `Ju ~?~.D. t4'~~
_ r r~ ~ C-L'. l E_-
t ~ tary Pub!ic in end fw the St e: oF,~(pr" a~:a1 Large ,
t ~ y Commission expires: ~ : _ -
: Return To: NOTARI' PU~.lC, StYI[~a{ RARiDA et LqR6E
? First Federal Savings 3 loan Associat~on MY C0:?:!(SSlC!~ ~C}t~~c ~~_:~.,~j75; -
~ Of fort P,erce. ~ecae~ ir,•u Cy•ne.d f~?~.~,;~k Ur,.ir~.;~yn.. -
fon Vierce, Florid3 2~~[~(~ ,,'~9' _ .
i O~ ~ . ' ; ~ -
; fIlEO AND H~COHDEO
; TMis Instrument Prepared By John W. COllltl5 ST• LUCIE CO ItTY F1A.
` First Federal Savings 8 Loan Association ROCf ~ Pp~ ; RAS
CLERK :i.v~, COi~Rt 1~'
3 . of Fort Pierce ~ Flori da RECOp~; yE~-;:
Ci~ecked By
- 11 s 19 aH ~73 ;S
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; 3GflK216 F~ 7g8
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