HomeMy WebLinkAbout2643 J. To place and contcnuously ka~p o~ ~he bu~!d~~ya now w he~~afta sitvat~ on said tand ~nd on ~11 p~ipment ~nd paso~ally cov~~ed by lhis mort~
p~ wilh dl pemiums lhereon pa~d in f~ll, fire insur~ncs in ~he viwl uand~rd policy form, in ~ ~um ~pproved by iM MORTGAGEE, and wind~~orm
insu~int~ i~ ?M utual st~~dard pol~cy fwm, i~ ~ ~vm ~pprov~d by tM MORTGAGEE, ii+ wch company o~ tompanies ~a tM MORTGAGEE m~y
dacctJ and ~11 fire arK! w;nds~o~m insurant~ polkies on a~y of taid bu~ld~~p~, any iro~r~st ~Aerei~ w put tM~sof, in tM a~reqatt wm afa~said or
In exc~~s thereof. ~MII co~tain ~M usvat i~andard ma19a9N claus~ w such otha claut~ ~t the Mw~y+g~a m~y rpuw~, makirq fM 1os~ undea sa+d polF
ci~s. each and ~v~ry. p~Yabls ro said MORTGAGEf as itt inteae~? may app~ar. and each ~nd every such policy ~hall b~ promp~ly ~s~ qned and detivared ~o
~ny hald by said MORiGAGEE as iurther securiry 1o iaid matp~~ debt, ar+d, no1 leu thsn t~n (10) dayf in advancs of tM txpiratia? of e~ch poiicy, lo dr
linq 10 ~aid MORTGAGEE a ree~ewal ~hereof, foq~~i+u with •~~ceipt for tM p.~mium of tuch renewal; and tl~e?a sh~ll be ~w fir~ a windsewm inivr~nc~
plaud on any of said buildinp~, any intere~t tM~ein or put th_~eof, u~leu in the fwm and wi~h ~M losi payabk as ~fw~~id; u~d in the ev~nt any sum
of money becomes payabl~ v~der wch polky or polKisi said MORTGAGFE ~Aall I+~w tM optia? to retoive and apply the same oo acca?nl of the indebted-
n~u secured hereby w fo permit uid MORTGAGORS 1o receive and us~ it u any part ~hereof fa othe~ purposes, wiihout ~h:reb~ wai~i~~g o~ ~mpair-
inp any eqvity, lien or righl u~der w by virtus of thii mort9age; u~d in tFN ~vent ~aid MORTGAGORS sAall fw a~y rsaton fail fo kcep ~he t~id premises so
insu.ed, or fall ro delive~ promptly ae~y of wid pol~cies of inwra~+ce ro a~d MORTGAGEE, o~ fail p~omp~ly to pay fu11y +ny premium therefor w in any
rsspecf fail b per(am, discha~9a, execute, effec~, campkte, camply with ~~d ~b~ by this covenant, w~ny pa~1 hereof, sa~d MORTGAGEE may place ~nd
paY tw svch insuranc~ o~ any psn ihe~eof without w~ivinp a affectinp any optio~, li~n, aquitY, a riflhf under o~ btr vinw of fi~ii MatQspe. ~~d the
full ~mov~t of tach and ew?y iuch paymenf shall be i~wnediately dw and pyabl~ ~nd sMil beu int~rett from tFa data thercof until paid at tFw rat~ ol
nins per tentum per aruwm and toge~he~ with such imerest shali be wcured by tF+~ lien of this mwtp~ge.
I. To pt~mit, commit or suffer no wa~ts, Impairment q deteriorafion of said property or any pa~t ihereof.
S. To pay all a++d singutu ths costs, ch+rges ~nd ~xpenses, incivd~rg ~ re+sonable attw~ey's fea and cosrs of absnscts of title, incvned or p~id at
eny time by said MORTGAGfE, because w in tM event of the failure o~ tI» pan of ~he i~id MC}RTGAGOR to d~ty, promprly ~nd fully pe~form, d~xhargR
execvte, effect, complet~, comply with and ab~de by esch and every tl+e ~tipuk~ions; agreemenri, conditio~s, and oownants o( said promistory note and thi~
mortgape any w ei~hsr. ~nd sa~d costs, charges and expenut, each and svery, thall be inwnediHely dve a~?d payable; whc~her o? oot then be ~otice d~
mand, +ttvrnpt ro coltect or auit pe~d~ng; and tM futl unoum of each and every svch p~yr~~ shall bea? inte~ett from the date theraof until paid at the
rate of nine per centum per annum; and all said costs, char8ea and expensss incurred w paid, together w~th suth i~urssf, shall bt s~tvred by tAe lien of thi~
monQpe. .
6. TMt (a) in ~he event of any bre~ch of tAis 1Nortgaps w default on tFr part oi the MORTGAGOR, o~ {b) in tM event any of said avmt of n+o~xy
herein rtferr~d ro bs nol promptly and fully paid within tFurty (30) days nex~ aiter the same seve~alty become due and paysbl~, without demand w notite.
or (cj in the event each arx! eve?y fhe stipulations, agreemenes, tonditions and tover~ants of ia~d promiuwy ~ote ~nd th~s mortpape any a either are not
iuly, p.omptly and fully performed, d~scharged, executed, effecfed, compieted, complled with ~nd abided by, then tn e~ther a any tvch event the uid ag
gregate wm ment"aned in said promissaryr rate the~ remaining unpaid. witA interest acuued. ~nd all moneys setured hereby. ~hall becane due and p~y-
able forthwith, w the~c~sfta, at the option of said MORTGAGEE, +s fully and complculy as ii all of the said sums of money were ai~i~ally stipvlated
to be pa~d on such day, anything io said promissory note or in thia Mwtgage to the contrary ~otwithsranding; and thc~eupon a thereafter ~t tM option of
said MORTGAGEE, without notice w demand, suit at law or in eq~ity, lherefore or therraher beguo, may be prosecuted as if all mor?eys secur~d hereby
had matured pnor to its institution.
7. That in the svcnt that af the beginning of or at any time pending any si~if ~pon this Mbrtgage, or ro fweclote it, a to ~efwm i~, or to enfwu
paymenf of a~y claims here~nde~, said MORTGAGEE shat~ apply to the Court Mavirg jurisdiction Ihereof fw the apFOintment of a Reteiver, such Court ah~ll
Forfhwith sppoint a receiver of said mortgaged propc~ty all and singular, intlud~ng atf and singular the income, profits, iuves ~nd rawnues irom whatever
wurce derivtd, each and every of wh~ch, it being expreuly underatood, is hereby.mwtgaged as if specificaily set fath and de~ctibed in the yra~ting and
habendum clsuses hereof, and such Rcceiver shall have ~II the broad and effective funtlionf and powers in anyw~se entruated ti~r ~ tourf to a Reuiver, and
•uch appointment shall be made by such Court as an admitted equity and a mitie4 0( abwtute right to said MORiGAGfE, ~nd without rafere~ce to the
adequacy a inadequacy of the vslue of the properry mortgaged or to the so?wtrcy or insoivency ot said MORiGAGOR a the defendaros, and that tuch
rems, profin, income, issues and revcnues ahall be ~pplied by such Receivtr atcwdinp to tAe lien qr equity of said MORTGAGEE and the prattice of such
coun. -
8. To duly, prxxnptly and fuUy pe~form, dixharge, execute, effect, compkte, comply with and ~bide by each and evety ths stipulatior.s, agreements.
condiYans and covenants in said promiuwy note and th~s mwtgege set fath.
9. That in ths event the owncrship of the mwtgaged premises. or any part thereof, becwnes vested in a perton other~ihan the MORiGAGpR, the
MORTGAGEE, its successors end assigrts, may, wirhout noiice to the MOBTGAOR, deal wi~h such successor or successor in interest with re(erer+ce to this
mortgage and the debt hereby ucured in tht same manner as with Mo~tgagor without in any way viti~tir.g a discharging the Mortyagors' liability hert
undcr w upon the debt hereby secwed. No sate of the p~emises hereby mortgsged artd no forbearance on the perl of the MORTGAGEE or its successors
or sssigns and no exte~:ion of the time fw the paymem of fhe debt hereby secured given by the MORTGAGsEE ov it~~4as~~qr suigns, ahalt operate
to release, diuharge, modify change or aff~ct the wiginal liabil~~y of the MORiGAGOR herein, either in w!?8 ~NiY~f~A.
hr
10. It is speufically ag.eed that time ia of the essence of th~s cororad and that no waiver of any ~i p of f oblig~tion se- ~
cured hereby shall at any time thereafter be hefd to be a waiver of the terma hereof or of the instrumeM set~Iwe~~~C1~IT CflVat r/~
11. In add~tion ta the for o:n monthl a ments oi rinc' al and interest r ~
e9 9 Y P Y P P equired by the promip¢~~~~~r~~.w~ or covenants ~A
and agrees to pay to mortgagee with each monthiy payment an add~~ional sum estimated by mortgagee to be equal to 1/12 of the anrwal oft of tF~e follow- W
,n9. A-All real property taxes levied w assessed agai~st the above dexribed real estate. 'O vo `/~~y~
B-Premiums on fire and windstorm insurance as herein requ~red to be car~ied on the improveme~ts situate on the sbove described premises, W
G-Premiums on such mwtgage guaranty insurar~ce as mo~tgagee shail from t~me to time deem fit to carry on the loan :rcured hereby.
Nlortgaget shait from time to time notify mortgagor in writing of the amouM due and payable hert~nder and such wm shaN thereupon be due and
payable on the due date of the next month:y payment and each successive momh there~fter urtil mortgagee shall notify mortgagor of a change in such
amount. Such sums sF.ail be applied by mortgagee toward the payment of real p~operty taxes, insurance premivms, and mortgage gue~anry insurance
premiums. _
IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the d y a y ir firs af ~tid. ~
~ Signed, aled a live~ed in the presence of:
Nitnesaes aa to ai~atnre ~ l ~n
3 of Jotin H. Ri
6 6~ s Jr• , • s ~ ,n
~ x ~ Witnesaes as to ai,gnature s~q
_
Ot ~I'~A A • Y • ~g~ • • (Sea~
STATE OP fLORIDA ~ -
COUNTY OF I11CSS ~
~-~.:Ir-~:~ w _
~ Before me penonally appeared JOl7tl R• R le Jr. ~•:•*•:'~<< . ~~wii
: . t
i~w~~rifR to me welt ~ ~y,~d~(.'~!~ b bs
~ the individuals described in and who executed the fwegoing instrument, and ~cknowledged befere me that they axa}iti~ ~;p~' pyrposes
~ rherein exp?essed. tbl~ ~ = . ~,4` '1 , ~ O
~ ~If~'tlr~ll!'9lsld '
e+e~si"~iw~ ~ ~~d~snA
~ ?a?+~Y- r~t+rMA+r,~e!?R~le?~-~,-feer~.fro.-~.ow.da...id*u.an.~. j_ r:~ -
tr ' ~~J~
~ W1TNf5~ my hand and official sral this n~ G~ day of ~"D.~19 ~ J
` stajE'O(~!~j.~ ' ~ K
i . .p~{~ y~j
COU 'Of ~°~r~ta ~ Notary Public and for the tste of•florida at Lsrye
° ~ My COmmiu'Wn ~:pirei: ~~7,f"~
~ n.7\w
~ ' /
i P=~T a~peared - z~ Q A
E v , - y ,ni
j ' h!*wNc to me well krawn uid known to me to be
~r'•:= p~~~
. A, d~e~t~ •i~and who executed the fwegoing insfrument, and atfcrwwltdged before me tbst Shey eascuted the same fw the purposes f
' therejA~expr~i: /1nd t~ said K82'~e A• T• ati.~K6~
• W~re Q ~~a ~.4 Jobn H. Riggl~s, Jr.
~ upon a sep~rate and priwte
~ examins F~ .eKen separaro an~7 apart from her sa~d husband, scknovvledged to and befwe me that :he exetuted ssid instrument freely and volun-
rarily and w;thovt any compvtsian, consnaint, apprehension, or fear of or from her sa;d husband.
WI?NESS my F?and and official teal this - day of A. D. 1973
- This inat:vrnt prepared b~ . ~1,
E. Hrann
Y ~I'~t dAr~ ~ j1II(~ ~~T1 Notsry Publ'~c in and fw th~ State of
# Aaaoea~ODRi~fd?n'~X7~I~Ca~ 1'"10P~a My Commission e~cpires:
~ ~V~~ ~ ~ ~ 7
~ Fint federal $avinys b loan Association (
Of Fort P~e~ce.
` ° R 226 Q~~f~644
. Fort Pierce, florida D~CK
s
i . . . . . . - - '
r - - -
• V
~.~e~`,-`~,.sr.:zA_~,,,s~v~~'~'t~.w ;~.-~..~',~~'~'~"a - s- ~
- ~~_-~_M:~"i_~~~~ 'x~~~