HomeMy WebLinkAbout1538 3. To place ancf coroinuously keep on ~he bu~!d~ngs now a herea(ter situa~e on said land and on all equiprr,enr and person~lly covered by thi~ mwtg-
ag~, with sl) prem~ums ~hereon pa:d in lull, ff~e insurance ~n ~he uiuel ~undard pot;cy form, in • sum approved by the MORIGAGfF, a+~d winditorm
insvrsnce 1~ ~M usual sr~ndard pol:cy (orm, i~ •~um approved by the MORTGAGEE, in such company or companiei as ~hs MORTGAGEE may
di~et~; ~nd all fira and w~odstorm insurance po~~ciea on •ny ol ;aid build~nys, ~~y inte~est Ihe~ein w part thereof, in ~M aggrcye~e wm ~fwesaid o?
in extesa thereot, fhatl contain the usua! ltandard matgayee clauss w such other tlau?s ~i ~M Ma~pages may raqu~re, maMiny Ihe Ioss under ~a~d poli~
cies, each and evtry, payabie to said MORTGAGEE as ~ts ime~et~ may ~ppear, and each and every tuch poiicy sha11 be prompUy ass yned and deGvered ro
+ny held by said MORiGAGEE +i tur~he~ ~eturiry ~o said mortgage debt, and, not tess rhan ten (t0) day: in advance af the exp;rafion ot each pol+cy, to d~-
liv~r to ieid MORiGAGEE a renewal Iheraof, 1ope~her with a rece~p~ iw tM prani~m of :uch renewal; and lhere shall be no i~rs or winds~or~n insur~~ce
pl~cad on any of said Iwildinys, any interest there~n a pa~t thereof, unless in the fo~m and wifh the Iou payable ai aforesaid~ and in rhe event any sum
of mooey becpmes payable under tvch polity w pot;cies ssid MORTGAGEE shall have the option to reteive and app~y tAe same on accouM o( the indabled~
~eu secured herQby a ro permit sa~d MORTGAGORS ~o rcceive and uss it or any part thereo( ta other pwF~osrs, w~~ho~t th~..u~ wa~.~~zg o~ uuPdi~-
i~y any equity, lien w right under or by virtve o1 this mor:gage; and in tha evenr ta;d MORTGAGORS ~hall fo~ any reaso~ feil to keep the said premi:rt so
insured, or fail to deliver promptly ~ny of sa~d polK~es of inwrance to sa7d MORiGAGEE, or fsil promptly ~o pay fusly any prem~um the~efo~ a in any
reapect fail to p~rfwm, discharge, e~eecute, cifect, complete, comply with and ~bid~ by this cove~aM, a any pan hereof, said MORTGAGEE may place and
P+Y (o/ insurance a any part thereof without waiving p affetting any option, Iien, equ;ty, or righl under or by virtue of this Matga9e, and the
+ull amount of each ~nd e~ery such payment shall be i~nmediately d~e and payable and shail bear inte~est from the date thereof umi: paid ~t the rate oi
~~ne per cent~m per an~um and ~ogeiMzr with such inre~esr shali be secured by the lien of th~s mortgage.
t. To permit, canmit or suflea no waste, ImpaF~mem w derer~oration of said propcvty or eny part thereof.
S. To pay aU and singular tbe costs, charge~ ~nd expenxs, includirg a reasonable attwney's fee and costt of abitrscts of titte, incurred w pa~d at
any time by aaid MpRTGAGfE, Decavse w in the event of the tailure on tix pa~t of tAe said MORTGAGOR to duly, promp~ly and fulty per(wm, d~scharge,
axecute, eHect, compfete, ca.~ary with and ab~de by each and every ~he stipulae;ons, agreements, cond~tions, and <ovenanq of said promissory note and thii
mort9ays any or either, and sa~d costs, charges and eapcnsea, cach and every, shall be immediately due and payable; whether w not there be no~ice de
mand, attempt to to~lett p suit pend~rg; and the fuli amounl of each and every such payment shatl bear intere~l from ~he dale Ihereof until paid at the
rate of ~ine per centum per an~ium; and all aaid costs, charges and expenxs incurred or paid, together with suth interesl, shall be secured by the fien of thit
~nw~pa~s.
6. That (a) in the event of a~y breach of this Mortgage or defautt on the parr of the MORTGAGOR, or (b) in the eve~t any of sa;d wms of money
herein rofe?red to be not prompHy and fvlly paid wi~hin th;rty (3Q) days nex+ after the sa~ne severatly become due and payable, without demand or notice,
or (c) in the event each and every the slipuiarions, agreements, condirions and covenants of sa;d promissory note and th;s mortgage any o~ either are not
~uty, promptly and fully performed, d:uharged, execured, elfected, complered, comptied w~th and ab~ded Sy, then ir+ e~ther w any such event the ~a~d ag
g~egate wm mentioned in said promisswy note then remaining unpa~d, with i~terest accrued, and all moneys secured hereby, shall become due and pay-
abte forthwith, a thereafter, at the opt~on of sa~d MORTGAGEE, as (vliy and comptetety as if aH of ~he said sumi of mo~ey were a,ginally s?~pulatcd
tu be paid on such day, anything in said prom~ssory note or in this Matgage to the contrary notwithstanding; and thereupon or thereefter ~t the opt;on of
sald MORiGAGEE, w~thout norice or demand, suit at law or in equity, therefore w ~hcreaite~ begun, may be prosecuted as if atl moneyi ucured hereby
had marured pnor to its inst~turion.
7. Tha1 in ths eve~t ~hat at the beginning of or at any time pe~ding any w~t upon this Mortgage, or to foreclose it, or to refwm it, w to enforce
payment of any claims hercunder, said MORTGAGEE shall apply to ~he Court h~vi~g jur~sd~ct~on theceof fw ~he appo~ntment of s Receiver, such Court shalt
iorthwith sppoint a receiver oF said rtwrtgaged~prope~ty all and singula~, includ,ng aU and singutar thQ income, prof~ts, i~sues and revtnues irom whatever
source derived, each and every of wh~ch, it be~ng expre:sly underaeood, i: hereby mortgaged as if speufically xt iorth and described in the granting and
habendum clauses hereof, and such Receiver shall have atl the txead and etfecr;ve (unct~ons and powe.s in anyw~se entrusted by a Court to a Receirei, and
s~..ch appointmen? shali be made by suth Court as art admitted equity and a matte? of absolute rigM to uid MORTGAGEE, and without reference to the
adequacy a inadeqvacy of the value of the property mwtgagrd or to the sotvency or insotvency of said MORiGAGOR w the de(endants, and that such
renr~, profits, income, iuues and revenue~ shall be applied by such Rece;ver accord~ng to the lien or equity of said MORTGAGEE and Ihe practice o( such
CouA.
S_ To duly, promptly and fulty perform, discharge, exec~te, effed, comptete, cornpl~ with and abide by each and every the stipulations, agreement~,
conditions and covenants in said prar.issory note and this mwtqage ser forrh.
9_ 7haf in the evertt the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGpR, the
h10RTGAGEE, its succeuas and ass~gns, nwy, without notice to the A10RTGAOR, deal wi~h such successw a successw in interest with reference to this
mortgage and the debt hereby secured in the same manner as with Mortgagor w~thour in any way vitiatir~g or d+uha~ging the Morrgagors' liability F~err
under w upon 1he debt hereby secured. No sale oi the Fremises hereby mortgaged and ~o forbeara~ce on 1he par~ of tF~e MORTGAGEE w its successws
or auig~s and no extension of the time fa the payment of the debt here6y secured given by the MORTGAGEE or its suttessors or assigns, shall operate
ro release, d~uharge, modify chsnge or aFfect the original liabilify oi the MORTGAGOR herein, either in whole or in parf. '
10. It is speufically agreed ~hat t~me is of the essence of this contract and that no waiver of any obtigat~on hereunder w of the obligatan sr
cured hertby shall at any time thereafter be held to be a waiver of the ferms hereo( p of the instrument secured herby,
11. In add.tion to the forego:ng monthty payments of princ'pal and interest required by the promisso~y nore secured he~eby, mortgagor covenanfs
and agrees to pay to mortgagee wi~h each monthiy Fayrnent an add~rional sum est~mated by mortgagee to be equal to 1 f 12 of the annual tost of the follow-
~n9:
A-All ~eal property taxrs fevied or assessed agaisst thc above descr~bed ~eal esrate.
B-Premiums on fire and windstorm fnsurar.ce as herein requ~red to be carried on the ~mprovement~ sit~ate on the sbove described premises.
C-Premiums on such mwtg~ge guaranty ir.surance as mortgagee shalf from t~me to time deem fit to carry on the ban secured hereby.
Mortgagee shail from t~me to t~me not~fy mortgagor ~n writing of the amount due and payat,le hereunder and suth sum shall thereupon be due and
Fayable on the due date of the next monthi~ payment and each successive monrh ih¢reafter urtit mortqagee shalt notify morrgagor of a change in such
a~,o~nt. $uch sums sh.aH be appiied by mortgagee toward the payment of real property taxes, insurante prem:ums, a~id mortgage guaranty insurance
premiums.
IN ITNESS NHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year rst afwesaid.
Ssal li ~n the pr ce of:
W1t~53 8S t0 ' Sea4
i L/ George R. Macklell
~ itness as to cs~q
; • yilis J. Macklea t~a~~
I STA OF FIORIDA ! ~
~ SZ . LllCle j S5.
~ CQl1 MTY Of ~
i
~ 8e/we me persorwlly appeared Geolge R. lNaCklelll ,~:~ttl~f:~t. .
_ ~ _ vt ' R • ~ ^7n~-
' -------~wi4, to me well knewn s~f'~'w•~••~d'q~~+o.b~
~ rha ~nd~v~d~al~ described in and who executed the fwegany instrument, and ackno,n,~edcjed befwe me that `hy executed _ th6~ ~~M ~r"~tth~ . pv~r~
! Iherein expressed. I!~'d~~~i ~ _~_____~~________~~s~_..~ ~S. _ }_.,.K
~ +~if~ofJlae.3iid • ~ ti •-L
! ~~ndwa~i~.r-Vy-+wrtske?r ~epws?r s?rd ~epa~i-hanrber ssld imsbs+'id
~a~kt~orvl r~~~~p~
i tdut aocLvrit6ous i a 7 f6I!"tdl~k~f ~FQ ~exENf~J~~~tillRqfi _
! ti O~I-~4fiPUItiYA~ i0r1NN1111? • a? of- er 'fier-seid fias . i
~ WlTNE55 my hsnd an¢ official seal this y of .~UI r
L~ ~ , ~ ~ `
y s.~~~~
~,1. FILEL' t.Mi~ ' :r;C=~ -G~~.~G~- ' r~'c---Gr. j!~--~
;-•+~'s
e~ ST'~~~: ~'~~'t FLA. otary Public in and for the State of Florids ~t Larye '
' W • ~~j~ My Commwsion expires: ^;!nttC. STATE e~ iLORIDA H LA~6E
o_...__ ,..,.~v~~ cuuRt
i A E C ORO vfRifrEO ~ . ~YrI~iS ~aN. 197~
? STATE OF P@~,~ u,:.Rets ir.s;:rar.ce Ca
r ~ S5.
COUNTY OF i
~
i eefore me personally appeared ~1~IliS .T• Macklem
'
` _`_~~~~_~_~____~___~~~~___~_"_~_~~.•~~~_~-1~dWK! to me well known and kr~ow}~s~mfitQbe
the i~dividual~ descr~bed in and who executed the foregoing instrumenf, end scknowledged before me tlwtyher executed the w~=fDf t~ip',~yr~fea
rherein expressed. Md the said Phyllis .T. Mae klen -
? w~re or t?K ~a~d George R. acklem a~~
a examination by me taken separate and apart from her said husband, acknowledged to and befo~e me that the executed said irotnrrqRt ~jr ~ vofurr
; rarily and withovt a~y compulsion, constraint, apprehensio~~j fear of or from her said husband. ~ =
. and nd o/fic~al seat this ~JL'1 day of 'july ~ tq -
~ This~~'i'~f'~en~ prepared by • 1 , ,
; J. H. Roberts, Jr. ~ ~t
First Fedb~ral Savings and ~an Notary Public in and f ~ ~r~f~l~?ge-•~
~.!!.3' ~ Comm~siwr? ex ire~ •
A s soc , of F t. Pierce, R la 0 R+}~ S `t ~ i R~dley Twp. Delaware Co.
EC~~i p~
j ~11 ~'.MnTieelM ~sniroe ldfv ~7 107/
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