HomeMy WebLinkAbout0294 3. To piace and continvoua~y keep o~ ~he bu~ d~ngs ~~w or herea{~er sltu~te on ~ald tand and on aH eq~~p~nent a~d pe.sonally cove~ed by ~hts mo~tg-
ags, with all prem~uma thertw~ pa d in f~li, fire ins~r~nce ~n the usuai s?anderd pol~cy fwm, in a sum approwed b~ ~he MOR~GAG`E, and w~ndatorm
+ntwaote Fn tM u:wl ~undard poLq 4am, in • ium approved by ~he AWRTGAGEE, in such company o~ companles ~s ~M MORiGAGEE may
direct; ~nd all fir• and w:nduorm i~surance pol:ues on ~ny of sa~d bvitd~n~s, ~ny intaest therein o~ part thereo(, in Ibe aggreya?e sum afaeiaid or
in excess thercof, shalt contain the usual s~andard mar~gsgae ciause a such otAe~ ctaute as the Mortgage~ may rcquus, maYing ~he io~s under sa~d po~~
des, each and every, payab".s to sa~d MORTGAGEE as ~ts in+erest may appear, and c+th u+d eve.y ~ucA policy sha{I tx prompHy ais gned a~d de~iverad to
•ny held by said MORiGAGEE as further secu~:ty ~o satd mortgaqe deb~, sr+d, rat !eu than ten (10) d:ys in advance of Ihe e:p~ialia? of each policy, to da
I~v~r to u~d MURiGAGEE • renewal ~hereof, toge~he~ wiiA a rece~pt for ~he pr~,nium of such rcnef•al; and ihere shall be no ii~e o~ windstorm insurance
pl+ced on any of said build+ngs, any intcres~ ~i~rrem or part tF+Qreof, unlesa in the (orm ~nd with ihe (osa payabte as afaesaid; and in the evenl any ium
of money beco,,,es payable under such pol~cy p pol.c,es uid MORTGAGEE shail lyve the opt:on ro ~ece~ve and apply the same on accoum of the indebted-
ness xcwed he~eby w ro pcrmi? sa,d MORTGAGORS ~o rece:ve and ~se iT or any par~ ~t~:zoi for o:ne~r pwF•cies, vn~no~t ~h~.~o~ •xai~~n~ o~ ~n,p~ir-
ing ~ny equity, I~en or r~ght undrr w by v'atue of th:i mc-rgage; anif in the event w:d MORIGAGORS sha11 !a any reason (ail to keep the said premi~as so
~nsured, o~ isil ro delivm promptly any of said pol~cies ot i~surante to sa~d MORTGAGEE, ot fa~l promprty to pay fu11y any premium therefw ot in any 1
respect (ail ro perfwm, d~scharge, execuTe, efiM, compteie, ca~npty wi~h u~d abide by ih~i cove~ant, a any per~ hrreof, sa~d MORIGAGEE miy plate a~d
psY for such inswance or a~y pa» thereot w~rhout waiv~ng oa affea~ny any opt~a~, lien, equ~~~. or r~gM unde~ w b~ vir~ue of iAis Mor~gage. •nd the
full amoum of each and every iuch payment shall be ~mmedwtely due and payable and sMN b~ar interes~ fiom the date tFureof umif pr~d at the rate ot
nlne pe~ cenwm pe~ annum and ~o~r~hr~ w~r~ wch inreresr shai~ be srcured by the l~en oi tA~s margsge.
I. To ptrmit, commit or suffer no waste, impairment u deteriorstion o( sa:d p~operty or ~ny part t1?ereof.
5. To p~y alI a~d singulsr rhe costs, cha~gcs and expc~xs, ~ncluding a re+sonable atterney i fee a~d costs of sbstrads of titla, incurred or paid at
any time by sa7d MORTGAGfE, becaux u in the event of the fa~lure ar? the pa-f of the said AAAaRTGAGOR to duly, prompNy and futfy per(orm, d~stharge.
execute, effect, complete, comply w~~h and ab:de by rxh and every the s?~putuwns, agreements, conditeona, and mvenants of said p~omiswry note and thii
matgage any w eilher. ~r~d sa:d cosn, charges and capenus. e~ch and e•rery. shall be imrreed~a~ety due and payabte; whe~her a not ~here be no+ice de
mand, attcmpt to colkct w wit pending; ard the full arrwunt of eacA and eve~y wch payment shall bea? irteiest frpn the date thereof unlil paid •t the
.ate of n;ne pcr cemum ~,er annu:n; anc a11 said costs, churges and expenses incurred w paid, ~ogether w~th such imerest, sAall be aecured by the lien of this
rr+ortysge. '
6. ?hat in the event of any brc~ch of this Nbrtgage w defautt on the part of the MO~tTGAGOR, or (bj in the evenl any of ss~d sums of money
herein refe~red to be no~ promptiy and futly paid wi~hin thuty 130) days neat atter the same severa:ty become due and payable. without dema~d or ~otice.
i
or (c) in the eve~t each and every th~ stipufations, agreements, cond~Tio.v a~d covenants o4 sa.d promisso?y note and th~s morlgage any a either are not
~u?y, promptly and fuliy performzd, d.xharged, e,cecuted, elfeded, corr,pfeud, compi:ed w~~h artd ab~ded 5y, then in e~~he~ o~ sny auch eveM the said ag
gregste wm mentioned in sa~d prom+:sory note tfien remaining vnpa~d, with interes~ scuued, and a~l moneys secured hereby, shatl become due and pay~ ~
able fwthwirh, w thereafter, a~ the op:ion of sa;d MO~TGAGff, as tuUy aod compkre~y as it all of ehe satd sums of money were wg~nally iupulated
to be pa~d on such day, anyth~ng in sa:d prom~ssory note u in this Mortgagc to ~he contrary notw;~f.s?a~d~ng; and ~hereupon or thereafter a~ the option of
said MORTGAGEE, witho~t not;ce or demand, wit- at law w in equity, the~efae ot thereaftcr ~gun, may be prosetuted as i( alt moneys setur~d hereby
nad matur~ prqr t0 ifs institutwn. ~ -
7. Tha1 in the event that at the begin~~ng of or at any time pending any wit upon this Mprtgage, o~ to fweclose it, w to reform it, or to enfores
paymem of any daims hcreunder, wid hROATGAGEE sha11 appty to the Co.ut having jur~sd:cuon thereoE for the appointrtKnt oF ~ Reteiver, such Court shalt
forfhwirh appoim a rece~+er of said mortyaged p~eperty aN and s:+~gular, incl„d~ng a;I and singu~sr ~ne income, prof~ts, iuues and revenues from whatever
seurce derivcd, each and evcry of which, it be~ng express~y u~dc.stood, is F.rreby morigag.d as ~f spec;f7tally set fwth and dexribed in the granting and (
habendum clauus hereof, and such Rece~rer shall have aI1 the broad and effec!ive funct.ons and povvers in anywise entrvsted by a Co~rt to a Receive~, and
s:,ch appointment shail be made 6y such Co~rt as an admitted equity and a maner oi ahsolute right to said MORTGAGEE, u~d without refere~ce to the
adequacy or ioadeqvaq of the valve of the prope~ty mo~~gayed or fo the so.vency w~nso~vency of sa~d MORiGAGpR or the defendants, and that such
renrs, profits, income, iuues a~d revenues shaN be applied by such Rece~vcr accord~ng to thc lien or equity of said MORTGAGEE and the practice of such
Cou-t.
8. To duly. prompfly and fuily p~viorm, dis~harge, execute, etfect, complete, comply w~th and ab+de by each and every the stipulations, agreementt,
conditaro a~d covenams in sa.d promissqry note and thts rr.ortgage set forth_ '
9. That in the evenf the ownership of the mortgaged premises, pr any part thereof, bccomes v~sted in a person other than the MORTGAGOR, the
h~ORTGAGEE, its succeuo.s and au~gns, may, w»hw,t norrce to ~he MORTGAOR, deal with such successo. a wcceasor in imerest w~th refere~ce to this
mo»gage and the d>b~ hereby secwed in thc same manner as wnh Ntortgag~r w~thout in any way vit;ating or d,scha~gi.>g the Morfgagors' liability here-
under ar upon the debt hereby sec~red_ No sa3e o1 tF.e Frem~ses hzreby mortgaged and no forbearance on tF~e part of the /AORTGAGEE or its successors
or ass~gns and no extcnsion of the tirr~e fw the payment of the debi hereby securod given by tFx MORTGAGEE or its successors w auigns, ahall operate
to release, d~xharge, rtwdify change or aifett the or~g.na! 1'rabil~ty of the MARTGAGqR hcrein, either in whole w in part.
)0. d is speulicatly sgreed that time n of the essence o+ ~h~= ~o~tract and tha~ no waiver of any obligat~on hereunder or of ihe obtgstion sr
cured lxreby shail at any time thereafter be he;d to be a wa~rer of the terms hereof w of the instrument secured herby.
11. ln aod:tio~ to the iwege ng month!y pa~ments of ~ri :c pai and intrres' required by the prom~ssory no!e secured hereby, morfgagar covenants
and agrees to pay ro nwrogagee ,n.rb each m.onth[y pa~~~ent an add~rio~al sum esr:n,ated by mortgjgee to be equa{ to 1; 12 of the anoual cost of the follow-
ing: •
A-All real properey ta:rs lev~ed w auessed aga~~s~ in~ above desc*~bad r~al estate.
B-Prem~~ms on f~re and wir.dstorm ~nsvracce as hr.e~n requ:red to be carri~d on rhe :mprovements s~tuate on the above described premises.
C-Prem~~ms on svch m.~tgage gua•anf~ ir.surs~.ce as mortgagee sha;l '.roT tme te !ime deem fit to carry on the loan secured hereby.
Nlortgagee shail from ~~me to t~~ not;fy mongagw.in rrr~r;ng of the amo~ot d~r and payable hereunder a.~d s~ch sum shall thereupon be due and
; ayable oo the dve date of the next month'y payment and eacl~ svccessive me~th tF,ereah~r ur.tit mortgagce shaN notify mortgagor of a charige in such
a-^ount. $uch sums s?a:i be aap:;ed by mor!gagee to.,~ard the payment of real property taacs, insurance prem:ums, and mo?tgage guaranty insurance
p•emiums. -
IN Y~ITNESS YtiHEREOF, said MORTGAGCR has hereunto set his hand and seai the day a r first aforesaid.
S' ned. Seal and i~ ed in the esente fc
1~ ~ L
$ean
• - ($!Dn
-~~ta~
~~lA~
SiATE OF FLORlDA ~
couNrY oF St. Lcie ~
~
! Before me perscnatty appeared Thurman D. ~tiAY'S a~
~ ~~~9 x. /~~i8rs his wife, to me well known and known to me to be
; the individusb desuibed in and who execvted the foregoing ~nstrurnent, and adcrww{edyed befwe mt that they executed the same for the purposes
i rherein e:pressed. And the said_ ~OTOtitly H. ~ti@!$
N~fe of the said ~1132'~3n D. ~terS upon a separate and private
exami~atio~ by me faken separate ar.d apart from he~ sa;d husband, acknowledged to and before me tFwt she exetuted said instrument freely and volurr
'j ra;;ly and w~thout sny corr.pv:san, constraint, appreh^eru~: , o? fea~ of a fran her said husband. '
WITNESS my hand and officai seal tF.i~ ~ day of A .~;,{y;• 7~" t -
`t.
Kotary Public in a or the ate,~o~ j1s' it~Ur - ~
My Comm:uion e es: AftY.DtJ~ltC'g7aTFCf FtOR R aj CA4C~'~•
R~f~,~ To: 2si~42s
Fint Federal Savings 3 toan Associat~w+ r,= `li" ~
_ ~fi' _ . ~
i Of Fort D:erce. _ ~ O:., .:j~ . ~,,,C..= .
Fort P:er~e. F!c•~de fTLE~ ~r^ RECORDEO " ~ ~ ' • : _
ST. wC~E L~JrrTr FLA. ~ R~
; fi6Gi ~ ? GtTRAS ' . •
CLERiC Ci::~U~t COURT ~
g.rr=r .r: ~ : =0_..~_. _ ~ ,
This lnstrument Prepared By RObeTt A. S~,tishe2'
` First Federal Savings 8~ Loan Association ~ 1 3 s9 PH ~~3 ~
; of Fort Piercq F1oTid8 L~ ''s
~ Checked BYy~~~ I'" ;
i
c t' : ~
, - ,~.r
~
~ . ~ . . . . ~ - - _ _ _ _
~ _ _ - - - -
~ - - - - _.c.. ~ - . - K~~~ ~ u~