HomeMy WebLinkAbout0855 3. To ptsce and continuously keep on ~h~ buiidings now a hereaite~ ti~uate on satd Innd and on all equip~r.ent and personaily tovered by this mortg-
sg~, wilh •11 premiums fhercw~ pa~d in (~II, fire insuran:e in the usual standard policy (orm, in a tum ~pproved by the MORIGAGEE, and winda~orm
~murance in ~M usual •~andard pot.cy fam, in s sum approved by the MORTGAGEE, in svch company or ca.~panie~ as the MORiGAGEE may
diretl; snd alt iire and windslorm insu~ance policias on any of said build~ngi, any intere~t therein or pa~t thercof, in Ihe ~ggrc9a~e tum ~faesaid u
~xte~s thereo(, shall contain ~he usual standard mwtgagae clause or such otht~ clauss as Ihe Malgagee may rcqu~~e, makirg the Iosa unde~ sa~d po1F
cis~, each and every, payabt~ to ta~d MORTGAGEE as its interest may appear, ~nd each and eve~y such po6cy shall be prompt7y ass gned ~nd detivered to
+ny hek! by said MORTGAGEE a~ fu~llxr sec~rity to said matyaye debt, and, no1 leu than ten (10) days in advance of the expi~ation of each policy, ~o d~-
~~wr ~o sa'w' MORiGAGEE a renewal thereof, together with a rece~pt fw Ihe p~wnium of such re~uwal; and ~here ahall be ~o -~~~e or windsrorm insurance
plsted on ~ny oi said building~, sny inte~est lherein or parf thereof, unless in ih~ (oim ind with 1M ~ws p~yable as a(o~etaid; and in the event any sum
of nwney becomes payable unde~ tuch policy w pol~cies said MORTGAGEE ahall Mve ths opt~on ro receive and apply the same on accoum of ~he indebted
ness secwed hercby w ro perm;t said MORTGAGORS to receive ~nd use it o~ any pa.1 thereof for orher purposes, wi~ho~t ~h~.~u~ wai+Lr~ ar nupair-
iny any equ'~~y, lien w r;gh! under or by virtue of this mortgage; and i~ the avent sa~d MORTGAGORS shall Fw any reason (sil to keep the said premisrs so
insured, or iai) b deliva promplly iny of said polities o( ins~rante to said MORTGAGEE, or fail promptly to pay fully any pre~navm therefor w in any
re~pect fail b perfpm, dixharge, execute, effecf, camplete, comply with and ibid~ by th~i covenant, or ~ny part hrreof, said MORTGAGEE may place a~~d
pay fot suth insurance ot sny part thereof without waiving or affeding any op~ion, lie~, eq~~ty, d right under ot by virtue of this Mo~tgage, and the
full amou~t of each and every such payment shall be immedi~tety due and payabla ~nd shall bear interesl (rom the dats Ihereof until paid at Ihe ra~e of
n;ne (xr ctntum per annum and to~elher with such intrrest shaii be secured by the lien of this mwtgage.
1. To permit, commit or suffa no waste, impairment p deteaioration of ssid property or e~y psrt thereof. '
5. To pay all and singulsr the costs, charges and expenus, including a reasonsble attwney'i fee and costs of abstracts of titfe, incurred or pai~ at
any time by sa~d MORTGAGfE, bttauu w in th~ event of the failure on the parf of~the said MORiGAGOR to duly, promptly and fully perform, d~scharge.
execure, effect, comptete, comply with ar+d ab:de by e+~ch and every the stipulations, agreements, ca+ditioni, and wvenants of seld promisw~y note and thi~
mortg~e any or ei~he~, and sa~d cosb, char9es and expenx~, eacN and every, sFuq be immediately due and payaote; whether w not there be not;ce de
mand, attempt to co!lect q wit pend+ng; and ths full amount of each and every tvch payment shall bear intereat irom ~he date thereof until paid at the
rale of nine per centum per an~~um; and all uid costs, charges and expenxa incurred w paid, togethe~ w~th such inlerest, thall 6e secuied by the lien of fhit
morty~e.
6. Thet (a) in the evenf of any b~eath of this Mortgsge w default on the pa?t of the MORTGAGOR, w(b) in the event ~~y of istd svms of money
herein referred Io be not promptly and fully paid within thErty (30) days nex~ afte? the same uvera:ly become due snd payable, wi~ho~,~ demand or notice.
or in the eveM eath aod every 1F~e stipu~ations, agreements, sondirions and covenants of sa~d pomissory nore and th~s mo~tgage any or either are nol
~uly, promptly ir+d (ully perfamed, discha~ged, executed, effected, comple~ed, complied with and abided 9y, then in ei~he? w any such event the said ag
gregate wm mentioned in said promissory note then remaining unpaid, with imerest acuued, and all moneys secured hereby, shaN become due and pay~
eb!e farthwith, or rheteafter, at 1he opt~on of uid MORTGAGEE, as fulty and completely as if atl of the said sums of money were originatly ttipulated
to be pa~d on such day, anything i~ sald promissay note w in this Mortgage to the comrary no~wiehstandirg; and thereupon or thereafter af the option of
said MOR~GAGEE, without notice a demand, suif at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby
had matured pt~or to ~ts institution.
7. That in the event that at the beginning of or at any time pending any suit upon this Mo?tgage, a to fweclose if, or Io reform it, o~ fo enforce
payment of a~y claims he~e~nder, said MORiGAGEf sAati apply 1o the Court having jurisd~ction the~eof for tAe appointment of a Receiver, svch Court shalt
forthwith appoint a receiver of said mortgaged properfy al) and singular, intluding all and singular the incnme, profits, iuuea and revenues from whatever
wurce de~ived, eath and every of which, it beirg expressty understood, is hereby mortgaged as if speufically ut forth and dtwibed in the y?an~ing and
habendum clavses hereof, and such Receiver shal! lwve alt the broad and ef(ective funct~ons and powers in anywise entrusted by a Court to a Receiver, and
such appointment shall be made by such Court as an admitted equity and a rt+a~ter of absolute righl to said MORIGAGEE, and without ~eferente to the
edequacy w inadeqvacy of the value of the propery m«tgaged or to the so~rency or +nsolvency of sa;d MORiGAGOR w the defendants, and ~hat such
renrs, profin, income, issues and revenues ahall be applied by such Receiver accwd~r.g to the lien or equity of said MORTGAGEE and the practice of such
Court.
8_ To duly, promptly and fully perfwm, discharge, execute, effetl, complete, comply with snd abide by each and every 1he stipulations, agreeme~ts,
cend;tions ~nd covenants in said promissory no:! and this mor~gage set fonh.
9. That in the event the ownership of the mortgaged premises, w any parf thereof, becomes vested in a perfpn other than the MORTGAGOR, the
MORTGAGEE, its svccessors and assigns, may, without notice to the MORTGAOR, deal with svch successw w successor i~ interest with rete~ence to this
m.ortqage and the deb! hereby secured in the same manr~ as with Mortgagor without in any way vitiating w diuharging the Nlortgsgors' Iiabi~itY herr
under w upon the debt hereby secured. No ssle of the prem~ses hereby mortgsged and no (wbearance on ~he part of the MORTGAGEE or iti successon
or assigns and no extension oi the time fw the payment of the debt herehy secused g;ven by t1rc MORTGAGEE or its successws or au~gru, sfiall ope~ate
ro retease, d~scharge, modify change or affect ~he orig;nal liab~l~ty of tho- MORiGAGOR herein, either in whole or in part.
10. tt is tpecifically agreed that time is of the essence of this co~tract and that no waive~ of ~ny obligation hereunder or of the obfigation sr
cvred heteby shall at any time tF~ereafter be hetd to be a waiver of the terms hereof ot of the instrument secwed herby.
11. In add~tio~ to the forego'ng monthly payments of princ pal artd inteiest required by the promiuory note sec~red hereby, mortgagor covenants
and agrees to pay to mortgagee with each month~y payr~:ent an add~rional sum estimated by mortgagee to be equal to 1% 12 of ?he annual cost of the follow-
ing:
A-All real property taxes tevied or assessed against the above described real estate.
8-Premiums o+~ fire and windsrorm insurar.ce as herein requ~red ro be carried on the ~mproveme~ts s~tuate on the above described premises.
C-Premiums on such mortgage guaranty ~nsurar.ce as mortgagee shall lrom t~me to time deem fit to tsrry on the loan secur~l hereby.
Mwtgagee shail from time to t~me notify mortgagar in writiog of the amount d~= and payabte hereunder and such sum shalt thereupon be dve and
Fayable on the due date of the next monthly payment and each successive month thereafter ur.til mwlgagee shalf notify morlgagor of a cha~ge in such
amount. Such sums sF.a!1 be appfied by morigagee toward the payment of real property taxes, insurance prem;ums, and mortgage guaranty insurance
p~emiums.
IN VJliNESS Y:HEREOF, the sa;d MQR7GAGOR has hereunto set his hand a~d seal the day and year first afwewid.
, Sealed and defivered in the presence of: -~i6~C~ .
Sean
~ ~ cs~.~
~ +n
Seal~
STATE OF fl441DA ~ ~ - ` -
' ~ -
' courm oF St_ L _i _
i
` Befwe rx pcrwnslly appearedWill~?a F. Sa son and Bonita G S son his f W,
; Saa~son and Nelen D. Saa~pson, his wife snd B~rson • hn ~~on ~ss~~~Wau~s~o~o,~
' the individwts described in and who executed the foregoing instrument, and ackrww(edged befwe me that they executed the same for the purposas
~ ~~~~(~ssec~_~P~p~ the sai "
u wit~ • •
i ,,~r~ a~o~s ' W • wite g~~.~~~~~son
E e,camination by me taken separate and a art irom 8~
p '~?~r said husbarx}Sacknowledged to and befwe me that exec~ted said instrV(qpnfiillal~y a .
rarily a~d without any computsion, constraint, apprehens~on, or fear of or from'ilkr said husbandi, J~ ~~~i~~~ -
WITNESS my hand and officia~ seal thi: 8th day of _ Au9uSt ~••'y•~q..p. ~i~
~ y` :
Notary Public in and for tlx t*~. at lar~y; ~Z
My Commiss'ron ezpires: _ • . ~~~-i; ~ ;
Return To: - ~ • 1 ; v,,= ; ~
Fint federsl Savings 3 loan Association I t ; `
Of fort P,erce. Nofary hb~it. St~M ef fle6~o ed,lai~~'1 Q`v . ~ .
IYIy Com+o~svon Exp:r~s Oct;.~ ~~7b ~ j~
Fort Pierte, Florida i ~ r~~ a C
b~d:d by AT. ~:o b+awlt~j ~-R - .
;
2E~831 -
; This Instrument Prepared By J. H. RobBrts~ JY
~ Fi~st Federal Savin s 8 Loan Association FILEO RN~ REC~~OED
; 9 ST.IUClE ..OUNTY fLA.
of Fort Pierce ~ Florida, RBGE= ~QtTRAS
CIE~x C~ iCUtT COURT
Checked By pFr,~,R:' I~=~ftEC
; p~ 8 3 3z PM'73
~ g~JOK ~ JtlV ~ sb
, , _ - - - ~
~ . Y ~ d ~Yw~ . _ 4'?~~
. - . _ . . _ -.,.v, . -~.s.~.c
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