HomeMy WebLinkAbout1150 3. io place and continuo~sty kerp o~r v~e L•w'd.•.3s new or h~re,f!er a:tuere on s.,~d !and and en a~~ ~:~~~~E ,~ent a~~d penona':y ec.~~rd uy th~s ~e•orlg-
e90. Wlth all prcmiumS ~hrrcon E:o.d ~n iuU, 4~re ir:5~:y ~ie in ttic us•.,ii itai.do~d ~w:~cy 1orm, i~ e surn a~,~ro.cd bt Ihe h5C1Rlv::l~El. a*~d w~ ~ditpi~n
~nsurance in the ~sual at~ndard po~ cy (oim, in a~um app~o~ed b~ the R,tGRiGAGfE, in such cornp,~ny or co:np:~n.ys as N~e A'.O~iC,AGEE may
d~rect; and atl iire and w~nditurm i~n~~ance pol~c~rs on any of sa~d budd.ngs, any ~riterest there~n or pa.t thereof, in tl~e ayy~._~,~e s.~n afores~~d or
in excess thereof, shail .onrain ihe uw.,l sia~~J.,rd murfg.+~~r c~aune a such o~he~ cl~use as the htor~yjyee mey reyu.re, mak:ng ri~e ~cis ~~~dr~ s..,J f~oli-
ues, each and every, pa~.;b:e ro sa,d ,11JRIv.4G:E as ~ri ,n~~~r~•st ~nay app.:ar, a~~d each and e~e~y wch Ho•!r~ ih;;l i,e Fnon,Nry ass y~~r~f ..~.d dr;~ca~.•d ta
any held by sa~d h10RIGAGiE as furth~r s.wr~ty ~o sa~d mo:~9age dcbt, a~:d, not !eu ~han trn (10) days ir. ad.ence o1 th,: eAp~rat~on of c~ch po,,cr, ro de-
GvC~ t0 13id MORTGAGEE a~c+~rwal the~eof, togcthet vvi~h a rrCe~pt for th? FrCrn~um 0) Svch renrivai; end Ihere s1~o'~1 pe n0 1.rc or ..::~Jsw•:n irsv~an[e
placed on any of sa~d b~i!d~ngs, any inte~est ~herrm a par~ thereof, ~n;ess in ihe form and wi~h the Iose paya6~e as aforesaid; and in ~he e~eM any sum
of money beco~n~s pay~blr ~ndrr s~ch pO/~cy or poi;c~LS sa~d 1~10RiGAGEf sh~ll have ~he opt,on to reca~ve ..nd aF>N'y ri~e s~~<<r on acco~m of rhe ind~•c,rt•J-
ness secu~ed he~eby or eo pern,~e a.~;d MORTGAGORS ro recr~~a and use or a•~y part tl~•r:~of lor , r F.ur; cs:s. ii, ,
ing any eq~~ty, i:en w r~yht un~~~ or by virtue of this mor'gage; and +n the eve~t sad MOR?GAGORS~shall toi any reason fa;t to k~ap the sa:J prern~s:i so
insu~ed, ot fail f0 de~wer promYtly dny of said po1~~lei Of insuran~e fo Sa~d MORiGAGFE, or f~i! pron~ptly t0 ~ay fu.~y eny prr~n,,,m thercfor o~ ~n a•~y
respect iail to perforn~, J~scherye, ex~~curr, elfe<i, con~pdere, co~npty w~~h a~d a5~de by th~s covr~.ant, or any p,rt h~~reof, s.+~d M~RiGAGEE ~nay ~;~ac•~ a•~o
pay for such insur~ince or any part thareof w~~hout waiv~ng or af(ecring any optlon, lien, equ~+y, ar n~h! urder or b~ w~eue of ~h~s Alorty.,ye, and thc
full dmount of each dnd every such paymem shall be immediately due and payabi! and 3hall brar ?nter~it from tha date th~reof wvil p„~d aT Ih-r ~;te oi
~~~~:e per cenr~m per ann~ n and ~o:~_•ihrr ~n~~h such ~nrrr~s~ ah~;~ be s.~c~red by 1he I~en of thh murtgage.
4. To permit, commit or suffer no waste, impahment or de~er~oration of safd property or any part thereof_
5. To pay atl and sing~la~ the costs, tharges and ex~enaes, inciud~ng d reasonabte atrorney"s fee and cosK of absv~cts ot t1Ne, incurred or ~,a~d at
any ti~+:e by s~ld MORiGAG:E, because or ~n ihe event of fhe fa,i~re on ~he part of ~he said MORiGAGOR ro duly, pro:npfly and fu::y perfur~n, d~s:~:a~qe
_xecute, effect, complete, to•nply vvuh and ab.dc by each and eve~y ~he st~pulat~ons, agrrements, cor.d~t~ons, and covenants of sa~d p:o:n~;sory note a~:d rh;e
T:ortgage any or e~rher, and sa'd cosrs, charges and exFenses, each and every, shal~ ~ immed~ately due and payabie; wh~•~hei o~ not thare t~e not~ce da
mand, altEmpt to to~iect or suit pend;ng; and the 1~? amount of each and e~•ery such paymeN shal{ bear interest from. the dat~ thereof until pa~d a1 the
re o; ~~ine Ner cent~m F:~,. a1t said ccsis, cf~a:ges a~+d ~a;:•~r.:cs inc~rrrd or paid, toyether w.th such ~nterost, shall be sewred by the ken of th~s
mortgage.
b. That (a) in the eveM of any Lreach of th~s blortgage or defav~r on tt,~ parl of the 7~10RTGAGOR, ar ;b) in the event any of sa d wms of money
herein refer~ed to be not promNtiy ar.d fully paid wnhin th~.ty i30) days next arn_r fhe same severa:iy becomr due and payab?e, wifl~ou~ dema~:d o~ nnhce,
or in thr even! each and everi thz stipu~at~ons, agreements, cond~~:ons and covenants of sa,d pro~~~ssury note ai+d tY~,s mortgage a~~ or e~thzr are nol
j~Iy, promptiy and 1ui:y perFo:mid, d.stna~ged, exewted, effectrd, completed, tomp:ied w~th and ab~ded 5y, then in e:thet or an~ such event the fa:d ag-
~.~9ate sum mentrcned in sa;d pro~~~issory nurr th~~n rem~ining unpald, wnh intere:~ acuued, and ail mona~s secured hereby, shail become due and pa~-
ao:c forthwith, or tnereaft,;r, at tha opt~on of taid 5~102iGAG[E, as fuity ar~ completely as if a~l 04 the sa~d sums of money were or~g~na.ly st~pu:ated
to be pa~d on wch dsy, anyth~ng ;n ,3:d pro.»~s~o~y note or in this Mortgage to the comrary no~.vnhs~a»d;ng; and lh~~e~pon or thcre.~fter a~ ~he oF:~~on of
s+.d h10RiGAGEE, vv~thout noT~ce or demand, su~1 at iaw or in eq~ity, therefpre o~ u~errafter begun, may be prosecuted as if all moneys secured hereby
n~d matvred pr~or to ~ts ~nst~t~t~on.
7. That in the event that at ihe beginning of w at any lime pending any suit upon this Morrgage, ar to fo~edos~ it, or to refo~m it, or to enfo.ce
payment o{ any C~dimS here~nder, said 1.;qRTGAG~E shalt apply to the Court having {~.!sd,ct~on ih~~eot ior the appu~nlmeM of a Rece~~er, wch Court sna;l
F;,rrhwith appoint a receiver of so~d mortgagrd proprrty ail and singuiar, inc;ud~ng aJ and s~~~y~iar inr in~on~e, prof~ts, ~ssces and rrvenu~s fro:n wh_te~er
s,-~,-ce der;,~~d, ea:h and every of wh:ch, it be~r.g express~y unde~srood, ~s he~rby morTgag.-ti as i4 speof,caily set far:h and d_su~brd in the gran~u~g ar.d
~ a~endum c:avses hereof, acd s~ch Receiver shail have all the b.cad a~:d efSecr;re f~ncs.cns or:d po.,ers in an~,,v~se entrus~:d by a Court to a Rec.r~,er, a~:d
s_ch appoin:mem shali be n,ade oy svch Covrt as an ad:aitWd equity and a matter of ahsolurr r:yht to sa~d MORIGAGEE, o~~d w~:hout rcference to the
ade:~uaq or inadeqv~c> of the va+ue of the prGpe~ty mortgaged or to thr sa:ency or ;nsct.ency af sa~d !L'CRIGAGOR or the de'rr~~dsn:s, and th,t wch
~e•~rs, prof:ts, income, i:sves and revenues shail be app~ied cy s~ch Rece~ver ac.ord~ng to tne lien or equity of sa:d :.1uRiGAGEE and ti~e practice of s~ch
tourt.
8. To du:y, prompt!y ar.d fully pe~fo.m, d~sche.ge, execute, effect, complete, compfy with and abide by each and every the st~pu~atEor.s, ag.eemeNS,
cenditions ar.d covenants m si~ci prom~ssory note ar.d th:s mcrsgsge set for~h.
9. That in the ev>nt the oxne.sh~p of the mortgaged prem~ses, o~ any part thereof, becomes vested in a person other than the MpRiGAGOR, the
:'ORiGAGEE, i~s svccesson ar.d asrgns, may, w~iho~r r.ct~ce to the ;.tiORTGti~R, deal wrth such successor w successor ~n ~nte~est w~~h ~e{erence ro ~h~a
rt o•~gage and :he deb~ hereby secv~ed in the samr n,a~~~er as v~;rh hlortgagor w~thout in any way vit;atir.g or d.scharg~~,~ the 1.".o.Ty;gors' liab~:ity here-
~~der or upon the debt hereby s~c~rEd. Vo sa:e of tt~e Fren:ises h~~reby mo.tgaged a~d no forbea~ante on the part oi the /hORSGAGEE or its successors
or ass~gns and no extQnsion of the time fo* the payn,cnt o* fhe de~t h~•.eby secured given by the l11pR?GAGEE or its wccessots or ass:gns, a~,a:l operate
ro reEease, d~scharge, mod~fy change or affect the o~~g~nal liau,i~ty of tne M.ORiGAGOR F~erein, either in whoie or in pa~t.
10. It is socc~i~catiy agreed thar time ~s of the essence of rh;s controct and that no waiver of any o6JfgaNon herevnder or of fhe ob!igaY:on se-
.ured hareby sna~i at an~ time thereafter be hr:d to be a waner of the terms hereof or of the ir~srr~mem secured herby.
11. In acid tio~ to th= forege n~ mor.thly p~yn,ents oi pri;iCpai and irt: res! requlred by the prom sscry no~e securrd hereb~, mortgr,gor tovenants
ayrces to ~ay to r*:cr+gag•~e v.~;h cach n,on!h!•r r.~,: ,~,r.t ar ad~:r:o^al s~m esT ~.ered bl mortgagee to be eqvai to i i2 ot rhe a:~: ~a: cost oF the foliow-
A-All reat property t:;x~s le~:~,~ o+ 3SSPSSCa dg3i•.st th~ a4;ove desc•~E~d real euate.
fi Pr~~~.~;,-r~i on f~.e ar.c? r.l::dstan-, ir.sura~ ce as ne:c;r, .;~q~,r~d to bc ca•n~:ri cn the :mrrov_me~ts s:tuate un th~ above d_s:ribed premises.
C-Pre~ni~:ns on scih mort7;g~ guaranty ir.w~ar ce ~s mo*tga3ee sna;t jr•,;,r r c,e to rm~ deem f~t ro carry on tfie toan securrd hereby.
~.lortqagee s'~v l!rc:r r; ro t:^ e no!,f~ merry,,gcr ,n ~.r:t,ng of the an,o..•ot d:;~~ and payabfe 6ereunder and s~ch su•~~ sh.i.~ sh~r,~,~on be due a~d
....;b!e on tha c'~e ca+~ oi Th~ n~.~ n;~:~rh,~ pay:e.nt an3 eech succes;ive ~:o•.`h mereatr~~ uctil mortg3~ee sha!: not:fy mortg;oo: of a change i~ such
' ~unt. Such sums sh~.~ be ,.eJ uy mortgag:e to:.ard th~ i;a~~tent of rra( property taxes, insura; te prem,ums, and n,ortgag•~ g~aranty insvronce
. -~~mi~ms.
IN V11TCiE55 ::HEREOF, the sa~d h10R7GAGCR nas h~reunto se! h~s h.~:~.d and seal the day and y~ar fint aforesa~d.
j Sjgned, Seated a~d delivered in the presence of:
~ ~ r _ ~
_ ~[i : f C~ r"~ L L f i -~<<"~-~ ~ ~Seal)
E Lois Thorpe, a dow ~~a~a
° - - ' - (Sedl)
~ - - - -l$eal)
E S'~TE OF F~ORIDA 1
i u.
~ CJU'~TY Of _~~I_L~'l~_ _ j
i
fi Before me personaUy appeared TAlS ~10Tpe~ a widow
~
; - -F~is-v~;ft, to me well k d known to me to be
F :n~ ind~v+d~ai~ described in ar.d who execu:ed the foregoing insttumeM, and atknowledged before me that shes ea i ~~~~~r}~ijor the purposes
` ~'r~e•ein ex ressed. _ ' t
F J1~~d 1ha~id_- -
w~t~Of~iFw!lflld ~ . ~--T-.
a :.kf~~aaLan.6~rl~.ta~r ~l` ~ 96 ~.RGYpSF
~oQaraii. a~ .~rckf~4rtw?i-~terleid ~Fresbend.~aCknO~Pd~pd~0 erR!'blf6f!'Til! ZhaT S4~!? T~lQ11~~AA'}~1nStf'0~l~l~'~'Sfltt' RYkiT1-
:r u~~ .~ad.~~ba~t aay~~'r.~Js~ ~arwri;w~. ~pp.ei,aws+o„r~.-f.a. ef-e.-f.c,w~irr~-sa;d 1~bsnd. ~
WITNESS my hand and off;ual seal thES__-~~~-~~ ~ day of OCtOb~~= a?n 1`~ -~..p 19 '73
' _..1_t L_d<< t [ ~.l iS ` ~
- Notary Public in and for t11g ~ -fbsidt~~1' trjrge
My Comm~ssion expires: • 9~`~~••••„~~
Relurn Io: ~ ~
First Federal Savings 3 Loan Asscci~LOn nOtARY PUBC(C~~~~ypf'~IORID4 ~t `
Of 'Grt P.~~..c~ MY CJ?M?USSfON EXP:~'S S=F~. 25. :_3S
BotWzd By American 6.:nker3 Ir.sc~an^e
F~rr P~-~rc?. F:cr[Ja
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~ This instrument Prepared By John t~'. ~'ollins f~ LY~IE~GOUXT!?f~A,
First Federal Savings 8 Loan Association AObER i~ITR~1i
of Fort Pierce Flor icla CiERK C'R~WT COVRT 1~j~
~ ~ 0 R ( ~~COF.a vfP,tF1EO
~ Checked By " ~~7 P9C~~~~o f~,~ ~ 2i t~~
wr q!7
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