HomeMy WebLinkAbout2230 3. To piac~ and coroinuo4aly 4eep o~> >i~e t~~ dl~gs ~w•er or heree{te~ s:wate on said land and o~ ai( cq~ipr:rN ar:d pnr~O~~alfy co+~errd by this mor~g-
ege, with all premi~ms Mrreon pa,d .n fu+l, f,re il:~ytO.i:t ~n ihe usuai s~enda~d po:ICy lorm, in a sum appru+cd by ~hr M.OR~G%.G_E, ~~.d w~~~ds~o~m
~nwrence in the us~ai s~anda~d F:ot.cy form, in a swn appro~rd by ihe AtJR1vAGEE, in such con:pany or co-hpa~~~es as the ?dORTGAGEE may
dnKl; and all fire a~d w;ndsto~m insurance potic~rs oo any of se~d bui~d.ng~, eny in~erest therein os part the~eof, in the ayyr.•gete wm alo~esa~d or•
eacess Ihereof, shalt :ontain ~h@ usva~ standa~d mor~gagae ciausa or such oihe~ cl~use as the Moregagae mry requ,re, maling n,r ;oas unJr~ sa~d po~i-
c~es, each and every, payab:e to said A1JRiGAGEE ae ~ts irorres~ may appear, and each and every iuch por~c~ shali t,e prompr;y ass y•~rd a~~d de5vcred ro
any held by sa;d A10RIGAGfE es iunhe~ securi~y to seid mongage drbt, and, not leu ~han len (101 deya in ad~ance o~ ~ha eap~rat~on ol each pol~cy, ~o dr
I~ver to said MORTGAGEE a renewal thereof, toge~her with a rete~pt fw ~he pramlum of such renerval; and there shall be no tue o~ w:ndi~o~m ir,surance
p~aced on ~ny of said buitd~~ga, any interest there~n or part thereof, untess in ~he form and w;fh Ihe ~oss payabt~ as a{o~esa~d; and in the e~an1 any sum
oi money becomea payable unde~ such policy or poi~cies iaid MORTGAGEE ahall have the opt,on ~o ~ec~~ve and apNiy tha same on account of ihe ind~ctrd-
neis secur~J hereby or ~a permit sa~d MORTGAGORS to rece~ve and use it or any part t1~c:cot tor o:n•,r Hu ,:~srs. ...~ho.:t ~h.••, u~ w_,.;,,~ e. ~~:.p~,~•-
~n~ any eqv~ty, Gen or right under or by virtue of this mor'gagr; and in the evrr~t se;d MORTGAGORS shall for any reason fail ~o keep the sa;d prem~sas so
~nsured, o? (ail to delive~ pranptly ~ny of said pol~cies ol ins~rance to sa~d MORTGAGEE, or f~~! promptly to pay fu~ty any pren:~„~n ther~tor o~ in any
resped (ail eo pe~iam, d~scharge, exzcurq e(lect, cornplete, coa~ply with and ab,de by this covenant, or any part hereof, sa~d MGRTGAGEE may p~ace and
pay fo~ such inwrance o? ~ny part thereo( wiih,wt waiving a afiecting any optio~, lien, equ~ty, or ~~ght ~nde~ or by virtue of ~hts Mortgaga, and ihe
iull amoum of eath and every such paymem shall be immed~atety dve and payable and shall baar interest from the date thereof untd N,i~d at the rate oi
nlne per cent~m pe~ annum and togrth,•r x~~th Such interest shali br sacu.ed by the I~e~ oi Ihis ma~gage, j
1. To ptrmit, mmmit or suffer no waate, impairment or deterioratfon of said ptoperty or any part thereof.
5. To pay all and singular the cosls, charges and expenses, induding a reasonable attomey i fee and costa of abstracts of title, incuned or paid at
eny time by s~~d MoRrGAGEE, becavse w in the event of ~he fe;lure on the pare oF the :aid MORiGPGOR to duly, pro~~~ptfy and iu~ly perloim, d~scharge.
~¦ecute, effett, ~qr.piEte, tompiy w~~h and a6:de by eatfi and every the stipulat~ons, agreement3, conditions, and covenaroi o~ se~d prom~ssory note and this
..o~tgage any or either, and sa:d cosrs, cha~9es ond expenses, each and every, shall be immed~ateiy due and payab:r; whether or not ehe~e be nonce da
ma~d, a»empt !o cotled a s~it pend~ng; and Ihe full a~nourtl of each and e~ery such paynient shall bear inrerest from the date the~eof uroil pa~d at ~he
of nine per centvm per a~t~~u:n; and a!1 said cus~s, charget and rxprnses ~rxurred or paid, together w.th such iroerest, shall be secured by the I~e~ of th~i
mor!gage,
6. That (a) in the evenl of any brrach of this Mortgage or de(ault o~ tF~ part of the NORTGAGOR, or (b) in the evenf any of sa'd su~ns of money
herein refe~red fo be not prompNy and fuUy paid within thuty (30) days nexf atter the same severa{ty become due and payable, without demand or notice,
or t~) in th,a evenr each and every tne stiputat~ons, agreemtnts, cond~:ior.s and covenants ot sa.d promis:o.y note ai~d th~s mortgage any or e~ther are nol
~uly, promptly and i~lly performed, d:schergc-cf, executed, effecred, co:npleted, compi~ed w~th and ab.ded Sy. ~hen in enhar or any such evem ~he said ag-
~regate sum mentroned in sa~d prornissory no!e then remain~ng ~npa~d, with intere;t accrued, and a:t mone~s securrd he~eby, ~haN becorne due and pay-
a~-e forthwith, or thereafrer, at the upr~on of sa~d MORiGAGEE, as fully and completely as if atl of t!.e sa~d sums of money were or,gtnally anpu:ated
~o be pa~d on wch day, anything in sa:d p~o:» ~ssay note a i~ this Mortgage ~o the con~rary notwithstanding; and ~hereupon or thereatte~ at the opt~on of
sa:d MORTGAGEE, without notice or demand, suit af taw or in equity, fherefore or the~eaf~ei begun, may be p~osecuted as ii all moneys sec~red hereby
n.:d maNred p~~w to its i~st~tution.
7. Tha? in the event that at th~ beg~nn~ng of or at any time pending any suit upon th~s l1!ortgage, or to forecfose it, or to reiorm it, or to enferce
payment of any ci~ims hereunder, sa~d /dORTGAGEE shati aFply to the Court havi~~g ynsd~ction th:-:eof for the ap~o~ntment of a Receiver, such Court shail
t;.rihwith appoint a receiver of sz~d mortgaged property all and s~rt3ular, ind~d,ng all and s~ngu~ar rhe ir.come, prof~ts, issues ard rEVrnves fran whatever
s=vrce derived, each and every of whtch, it be~ng express!y undentood, ~s kereby mortgaged as ~f spec~f~~atly set forth and describrd in the granting and
i it,rnd~m clavses hereof, and suth Rece~.er sha~i have all the br~ad and ef(ect:ve funct.ons and powers in anywise entrusted by a Court 1o a Receiver, and
s.ch rppointme~it shall bc+ made by such Court as an admi:ted equ~ry and a maner of absolute rigM to w~d MOR7GAGEE, a~d witheul reierence to the
a.i~y~acy a inadrq~a:y of the vai~e of the propeiry mortgaged or to the so.ven<y or ~nsolvency of se;d MORTGAGOR or the defendants, ar,d ~hat such
r.•~~rs, proirts, income. ~ssues a~d rever.ues :half Le appiied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the prauice oi such
Court.
8. io duly, promptly and ful(y pertorm, discharge, execvte, efFect, comptete, compty vvirh and abide by each and every the stipuiar;ens, agreements,
:onditipn3 and covenann ~n sa~d pcom~ssory note and this mor~gage set forth.
9. That in the ev.nt the ownersh~p of the mortgaged prem~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
~RTGAGE~, its successon and ass:gns, may, without nctice to the MORiGAOR, deal with wch successor or svctessor in inte~est wirh referente to thi~
o-~gage and ihe deiat he~eby secured in tne same manner as with Mortgagor w~thovt in any way vitiating or d~scharging the I1br.gagors' liability her~
,;r.der w upon ~he debt hereby secvred. h!o saFe of the p+emises hereby mortgaged and no forbearan~e on the part of the lhORIGAGEE or ~ts successors
o• assigns and no exrension of rhe rime fo~ the payment of the debt hereby secured given by the tdORTGAGEE or its successors or ass~gns, ahall operate
ro reiease, d~xharge, modify change or affect the onglnal IiabJny of ehe MORTGAGOR I~ere~n, either in whote or in pa~t.
10_ It is spec+fically agreed tha~ t~~ne is of the essence o~ thi= co~tract aRd Ihat no waiver of any ob~iga::on hereunder or of the obligation se-
c~: ed hereby shati at any time thereafier be hetd to be a wa~ver of the terms hereof or of the inst~~meni secured he~by.
! 1. In add,r:~~ ro the Foregc ~~g month!y p~ym~nts of princ pal and interest req~ired by the prom:i;ery no!e secu.ed here6;, mortgagor covenanfs
d agries eo pay ro r+io:tgagee v~.rth ca.h monrh'y pa~~•ent an add~rior.at wm es~ ated b~ mongagee to be eqval to 1 12 of the annual cost of the follow-
„y;
A-All rfaf prope:ty taxas ievied or asz~r_td ag.~i•~st thc aoove desui4cd rra! estate,
B-Pr-.T.~ums en fire and wir.dsro•m ~r.wra~ce as ner~in requ;red to be carri~d on the ;mproveme~ts situate on the above described premises.
C-Premivms on such mort~,ge guara^ty ;nsura~ ce~ az mortgagee shatl frc:n nme to time deem fit to carry on the loan setured hereby.
Mortgagee sha11 from t~me to t;-r~e notif~ mongagcr in v,rit~ng of the amo~nt du~ and payable hereunder and s~~tF~ su~i shaf( thereupon be due and
:+,ab!e ort the dJe date of the +~eat month!y paym~n) and each successive rnonth thereafter ur,til mortgagee shall no~~fy mortgagor of a change in such
_ o~nt. Such sums sFa±i ~ app:~rd hy mortgaa~:< towa:d tne payn:ent of rea! property taxes, insuranct prem.ums, a:id mortgjge guaranty insurance
.~~-e•niums. ~
1N W17NES5 1t;HEREOF, the ~a~d MORTC,AGOR ha: hereunto set his hand and seal the day a ar ~fust atoresaid.
, gne~l, $ealed and de' ve in the presence of_ ;
_ / . ~L{~ '
al)
~ - ' ` ~''"tt~' VId d O Seat)
- - ~ G -~'t~~Seap
- _ Bonnie S. deGrandmon t ~~a~~
S ~ rTE Of FLORIDA = ~
SS.
:JUNTY OF ~ ~
Before me personatly ap~a«a Edward deGrandmont a~
_ Bonnie E• deGrandmont his wife, to me well known and known to me to be
~na individuais described in and who executed the foregoing instrument, and ac(cnowledged before me that they e:ecuted the sam.e for the purposes
r~•~~e~n exprossed. And the satd Bonnie Q. deGzandmont
..,*e of the said Edward deGzandmont upon a separete and private
c~ ~ am~nat~on by :ne taAen separate and apart from her :aid husband, atknowledged to and before me that she executed said instrument freely and volun-
_-~iy and w:thout any cornpu~s~on, co~srraint, apprehens;on, or fear of or from f?er said husband.
W(iNES$ my hand and ofiicial seal tFiL____~0 _ day of ~C ober ~ p 19 73
LeC~'--~
Notary PublFc in and fo? the State of Florida af large
Retum To- My Comm~ssion expires:
First federat Savings 3 toan Assodat,on NOTApY PU9lIC. STATE of FLORIDA at LARGE
MY CU!,t!NISSION EXPIRES OCT. 21, 1974 -
Of Fc.~' P.c,ce. 6onaed by Amencan bankers Insuran[a-1;0.
Fort P~e~ce, Florida
FILED AAG RECg R p ~ ~ :
This Instr~ment Pre ared B ST. ltlC~E CO~kTY ~~1 '
P Y J. H. Roberts, Jr. RO(:fR PO~TR~f ~ - ~
First Federal Savings & Loan Association CLERR ;.~nCUt1 COURfi "
of Fort Pierce, Flozida REC1',R~ vEElrlcp `r,
e, " ~
Checked8y~_ Yl.t ~6 9 Sgl1f1l1~ 4'~ 1~~ ,
R ,?s'5~8~ ~ -
@O~r ~~t7 FAGE~~~~7
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