HomeMy WebLinkAbout2646 To plac~ anc! cominuou~ly keep on fhe buif~~ngs now or heraafts~ ~itw~e o~ ia~d i~nd and on all equipmeol and perto~ally tove~ed by thi~ rtwrt~
~s, with •11 premivmi thereor? pa~d in (ull, i~rc insv~anc• in ~he usuaf a~andard poiicy torm, in • su~++ approved by ~M MORiGAGEE, •nd winditorm
insuruxe ln tM u:val ttanda.d pot;cy (am, in ~ ~um app~oved py tM MORTG/1GEE, in auth company w companie~ as the MORiGAGEE may
diredt aad all iL~ and windstorm inswanc~ polic:es on any oi iaid build~nps, any i~terotit therein w part therwf, in fM a~royate i~m OfortNid p
I~ sxctss ~hereof, ~MII contai~ the uaual standard morrgagee claute or such oihe~ clauis +i tM Mwty~gee may requ~r~, maAir?p th~ lou unde~ ~a~d polF
ciai, each and every, payabls to said MORTGAGEE a~ its i~~ereit msy eppear, ~nd each and every such pol~cy shall be promptly au gned and dalivered ~o
•ny hald by sa~d MORIGAGEE ae furthe~ ucuri~y ~o is~d mo.tgaqe debt, and, ~?ot teu th~n ten (1Q) day: in adyance ol the expiration o1 each policy, to de-
liwr to said MORiGAGEE • renew~l thereof, to~lhtr with a roc~~p~ fw tM premium of such renawal; and then sh~ll be ~o fira o~ windstorm insur~nc~ !
pl~ad on ~ny of iaid bvildings, ~ny interesl 1F?~rei~ w part lhereof, untess in tM fam and wi~h the toss payable as afa~ssid; and in tht event any ium
of rtwn~y becpnea payable under :uch policy or pol~cie~ taid MORTGAGEE shall have tht opt~on lo receive and apply the same on sccoum ot tha indebted~
neu secured Mreby o~ ro permit said MORTGAGORS fo receive and wt H ot any part the~eo) for o~her purposes, wilh~ul th:rcb/ waiving or unpair-
iny any pvity, I~en or righf unde~ or by virtue of Ihii mo:tyage; ~nd in d~r ~vent sa~d MORTGAGORS shall fa any rsason fail to keep the ssid premiies so
insvnd, p(ai) b deliver promptly any of said pol~cies of insursrKe to said AAORiGAGEE, w fail promplly to pay lully any premium therefw p in any
respatt fail ro ptrfwm, d~scharge, execute, effect, complete, comply with +nd abids by this cove~ant, a any part hereof, said MORTGAGEE may plice and
pay for suth kuursnca or any part thereof wi?houl wiivinp a ~ffectiny any option, lien, equity, or right unde~ a by virtus of this MortgaQe, ~nd tht
full amount o4 each and evay such paymee+t shall be immedi~tely due and pay~bk ~nd shall bear interesl from the dats Ihereof until peid at tM raq of
n~ne per centum per annum and to~e~hrr with such intereat shsil bs secured by ths lien of this mortQage.
To permtt, commit w suffer no waste, tmpai.ment a de?eiioration of sa~d property a any pan thereof.
S. To pay atl and ainpul~r fhe cosh, chsrges ar,d expenxs, i~cludinp s reasonabls +ttwney's fee snd cosq of abstractt of titte, incurred or paid st '
eny time by wid MORiGAGEE, because or i~ tAe event of the failurs on the pan oT the asid MORTGAGOR to duty, p~omptty and (vlly perform, dixhar9R 4
execute, effecf, compkte, comply wi~h and ~b~de by exh and every the stiputstions, agrcemems, condifion~, and covenants oi said promisw?y note snd ~his
mortgage any p either, snd sa~d coah, chuges and expenses, e~ch and every, shall b~ immediNety dus and psyable; whether p not there be notice da
mand, attempt to coliett or suit p~nd~ng; ~nd tM fv11 amouM of each ~nd every such peymrnt :haN bear inteaes~ lrom ~he dare thereof until paid at the---
.a~e oi nine per cenfum per annurn; and all said cosn. char9es and expenKS incurred or paid, togethe~ w~~h such interest, shall be secured by the lien of thu
mortyage. ~
6. Tha1 (a) in the event of any breach of this Mortgage w deiault o~ tFe parf of the NWRTGAGOR, w(b) fn the event ~ny of said sums of money t
herein referred to be•not promptly and futly paid within ~h;rty (30) days nex~ aiter the sarne seve~atty become due snd payabte, wiihovt demand w notice,
or (c) in the evcnt each and every the stipulationi, agreerrKnts, cond~tions and corenants of sa~d promissory noie and th~a mortgage any or eithe~ ar~ nof !
iuly. promptly and tutty performed, d:xAarged, executed. effected, cwnplerad, cors~pl~ed with and sbidcd by. IFwn in either or •ny iuch evem the said ag !
gregste sum mentioned in ssid promissory note then remaining unpaid, with intcreat accrued, and all moneys aecured ht?eby, shall become dw and pay~
able fo+~hwith, w therea(tea, at the option of said MORTGAGEE, ss fulty and compte~ely as if all of the said wms of money weie a~ginatly at~pulated •
ro be paid on such day, anything in sa:d promiuory note w in this Mortgage to the cont~ary notwi~hstanding; and thereupon o~ thereatt~v at the op~ion of p
said MORTGAGEE, w~thout notice or dema~d, suit at taw w in equity, theretore or thereafter begun, may be prosecuted as if all moneys satured hcreby
had matured pnor to its instituhon.
7. 1Fwt in the event thaf at the beginning of or st any time pending any suit upon ~his Mortgage, or to faeclose it, w fo refam it, or to enfo?cs
payme~t of any claims he?eunder, said MORTGAGEE shall apply to the Cour1 having jurisdiaion thereot tw the appo~ntmem of a Receiver, wch Ca+rt shalf ~
fo.thwith appoiM a receiver oi said mortgaged property aN and singula~, encludmg all and singu~a~ Ihe income, p+o}~ts, iuues snd reve~ves f~om whatever
source derived, eath and evcry of which, it being express~y understood, is hereby mortgagrd as if speutically set fath and defuibed in the granting and
habendum clauus FKreof, snd such Receiver shall have all the broad ant! effectiye functioos p~tf powen in anyw7se entiuited by a Cou~t to a Receiver, and
such sppoinrment shall be made by such Court as an admined equity and a matter oi absolute aight, ro said MORiGAGEE, and wi~hout reference to the
adequacy or inadequacy oi the valve of the prope~ry mortgaged or to the so~vency or insolvency qf sa~d MORTGAGOR o~ the defenda~ts, and that such
renis, profin, income, issues and rerenues shall be applied by such Receiver accord;ng to the lien or equity of aid MORTGAGEE and the practice of such
Court.
S. To dufy, promptly and fully perform, discharge, execute, effect, complNe, comply with and abide by each and every the stipulations, agreements, f
conditans and covenants in sa~d prom+ssory note and this mwrgage set for?h.
9. That in ths event the ownership of the mortgaged piem;ses, p any part thereof, becomea vested in a person other than the MORTGAGOR, the
MORTGAGEE, ita wccesso?s and au~gns, may, withoul notice to the MORTGAOR, deal with such successor w successor in interest with referente to this
mortgage and the debl hereby secured i~ tF~e same manner as with NbrtgagAt without •in any way vitiatiny p d~uh~~ging !he Mort9agori liability hera
under w upon the debt hereby secured. No sale of the premixs hereby mortgaged end rro lorbearance on the part of the MORTGAGEE w itf sutce:sors
or assigns and no extens~on of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successon or auigns, .haN operate
to retease, d~scharge, modify cha~ga w affect the original liab~fity of the MORTGAGOR herei~, either in whole or in part.
10. If is spec~fica~ly ag.eed that time is of the esunce of this contracf and thst no waiver of any obligation hereunder w of the obligaYqn st
cured hereby shall at any time thereafter be held to be a waiver of the terms hereof a of the instrument sec~?ed herby. •
11. in add~tio~ to the iorego:ng monthly payments of princ'pal and in~erest required by the promissory note secured hereby, mortgagor covenants =
and agrees ro pay ro mo:tgagee w~th each morohly payrnem an add~rional sum e:t~mated by mortgagee to be equal to 1/12 of the annual cost of the follow-
in~: t
i
A-All real presperty taxrs !ev]ed or assesscd agaisst the above descri5ed real estate. ~
8-Prem~urns on f~re and winds~orm i~surar.ce as herein requ~red to be carried on the improve~ne~ts situate on the above described premises. ~
4
C-Vremiums on such mor?gage gua~anty insurar:ce as mortgagee shall from t~me to ti~ne deem fit to carry on the loan secured hereby.
Mortga9ee shall fiom time to time notify martgagor in writ;ng of the amount due and payable hereunder and such sum ahall thereupon be due and
~ayabte on the due date of the next monthly payment and eath successive montfi thereafter ur.tit mortgagee shaN ~oeify mortgagor of s change in wch ~
a~ount. Such sums sF.a;l be applied by mortgagee toward the payment of real property ta:es, inswance prem:ums, and mortgage guaraMy insurarrce
i
p~emiums.
IN WITNESS WHEREOf, the said MORTGAGOR has hereunto se! his hand and seat the day and year fi afo~esaid.
Si9ned, Sealed and delivered in rhe preserxe of:
~ d-1Sd6GM.f~ ~
, , +n
v~ : <<.1~... f4 L P M lt
' 1 c- s4
. d P McV nn n ~adult
I STATE OF F~a~i( N~ YOKK ~ .
~ COUNTY Of -W ~StC}l~^yTEI~
Befwe me personatly appeared ~R~ P• MeVinney~ a single adLtlt a~
David P• McVinney, a sinale adult to me well known and kr?own to me to bs
rhe indiridwls described in and who executed the fwegoirg instrument, and acknowtedged before me that they e:ecuted the same for tF~e purposes
E therein expressed. %~~e+~~
~
i wiie~oiyhesid ' -
cSclMAIAMI~1~'MIl~lkl~r R~dral!!'1Nd apNRrtfflf!! ~N"tl3A'lr~b~d,11lkf1A~/RRl~+!! 1O' !M!!'~!(~1! 11~'?hM' ffi! !~!!!!/R!~ 3~'
ren~f*+a.NS~+,e~,rsr+~ta?„pebieer, eun~nse~;-.p~,R? ~s~3on~~e.~fesrer-ar+feen,i~et~sl~ ndr y
jOa . : ° ~
WIiNE55 my hand and official seal this day of ~
~4 ~r,~
~ f
Notary Public in and fw the~Slat~yq ry~; ::t
iA~ :i.: :
Retum To: My Commission expires:
MlBEAT S. Y. ZO.t'( • a t ~ : . ~ :
First Feder~l Savings d Loan Association NOTABY PUBLiG. STATE OP'~1V~(•;~'~
: ~ ~ ~
Of Fort P~erce. No. 04868°2C0 ,~,~~~~~J . ~,.•s~fy :
Fon D;erce, Florida a Q~ B~ ~ W~t~~~ ~ O l ~0 7
7.an .spire. llarcD ao. ~9 9yl , S,1, .
t
; This lnst~ument Prepared By J. H. Robexts ~ J7C, t LEO h0 NEC~RDEQ ' '
- First Federal Savings & loan Association 1'~. WeiE CauN Y f~+~ ~
R4GE~ PU?tIlAS
of Fort Pierce ~ Flor ida ~~EpK C~RGU?~ COURT
ehe~ked sy ~ aECOno vER~F+t~ .
~ o ~ ~ 23 9 34 ~N'Z3
~ eo~x217 FACE~s~?
~ 262135
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