HomeMy WebLinkAbout2234 3. To plate and con~;n~o~siy keep ai ~he h~~'d.r.~s now ot i~ereaiter s:luet~ on ~e~d land and on all equ~y~nem a+~d pe~sona~~y covrred by this rr.oreq•
~g~, wAh sll premiu~ns rhrrean pa d m luU, fue +~wrance m rbe usuel aia~~dmd potlcy iorm, in • sum aF~rorcd b/ tha MORiG:.G[E. a~~d w~nJa~onn
insurance i~ the uwal srand„d po~.cy fo~m, in a sum app~o~rd by ~he MvRTGAGEE, in suth tq~npany or tanpan~es a3 t?+e h40RiGAGfE may
d~rec~; and a1i iire and w,rxl~rorm insuranca po:~crcs on any o( sa~d buiid.nys, any ineereu therem w part ~hcreof, in ihe a~g~cya+e sum ~fcresa~d o~
in excest thereof, ~haU c«+ta~n the usual atand~~d mo:ry,gee c;ause o. such aher clauie a~ Ihe Mat9ayze may ~equ.ro, making ~he ioss w~Je~ a.~~d poli-
c;es, each and evrry, payable ~o said 6~ORiGAGtE a~ ~ti en~erast may appear, and each and every such poi~c~/ ff~dtl be promprty ass gnrd e~~ti del~vr~~d +o
any hetd by seid MORIGAGEE as furrhe~ s:cwily to sa~d ~norigoge debt, and, not less than Irn ~10) days in adrance of ~he expirohon ol each pof,cy, ~o de-
Gver to said MORTGAGEE a re~ewal the~eof, togethe~ with a rece~pt for Ihe prem~um of wth re~~ewal; ar.d tha~e shall be no fee or w~~~ds~orm ins~rance •
ptated a~ a~y of said build~ng~, any ~nterest there~n a parl thereof, un~ess in the form and with tiie ~oss pay~bte as afo~esa~d; and in the evenl any tum
of money tutomes paya5le under such polity w po~~c~es sa~d MORTGAGEF shall have the op~:on t0 ~ece~ve and apply the sa~f~e o~ atcou~u of tkt i~niebt~•d•
ness secured he.eby or ?o permii aa~d /AORiGAGORS to rece~ve and ~ie it w any part the;rol ior c:~:.~r pwF•~srs. :.~~i:o~t rh;~~ u~ or ,~„p.,n•
ing any equiry, Gen or r;gh? under or by vir~ue of ~his mc:~~ege; and in the event sa~d MORTGAGORS shall tw any reason fafi to keep fhe aatd premn_s so
~nswed, o~ fail to delir•er promptly any of said policies of intutance to seid MORTGAGEE, or f,~d prompdy to pay fully any pre~~~wm the.rfor or in any
respect (ail ~o perlorm, d~scharge, execute, effecf, complete, comply with and abide by ?h;s covenant, or any part harzof, sa~d MURFGAGEE may place a•~tl +
pay fw such insurance or any part ~hereof w~thou~ waiving a affeUing any option, lien, equity, or nyht unJer or by virlue of it,is Mo~egage, and the
,full a~novn~ o( each and every such paymem shall be ~mmedia!ely due and payabte and shail bear inrerest from the date the~eot unti! p.,,d et the rate ol
nine per centum per annum end ro~ether vvi~h svch inrer~s~ shall tx secured by the lien of th~t mortgage.
1. To permit, commit a sufFer no waste, impairment or deteriuratio~ oF said property w any part ~hereoF.
5. To pey sll and singular 1he costs, charges and eapenses, induding a reasonable attorney's fee and cosn of abst~acts oF title, inwrred o~ Fa~d at
any time by said MOR?GAG:E, because w in the evenf of the fa~iure on the part of the :a~d MORTGAGOR ro d~ly, prdnptly and }ully perfo~m, d~sch~rge,
rxecute, ei(ec~, comptete, comply w~th and ab;de by each and every the stipulanons, agreements, conditio~s, and tove~ants of said prom~ssory note and tlus
mortgage any o? e~~her, and sa~d cost~, charge~ and expenses, each and every, shall be imrr~ediately due and payable; whether w not there be no~~ce da
mar~d, atte~r+pt to collect w suit pend;ng; and the full amo~nt of each and every such payment shall bear imerest irom the date ?hereof umil paid e1 the
rate cf nine per centum ~r annu~.; and all sa~d cosfs, charg~s and expr,tses inc~rred or paid, toge~her w~th such ~nterest, shall be sec~red by the I~en of this
morTgags.
6. That (a) in the event of any breach of ~his hlortgage or defaul~ on the part of the MORTGAGOR, or ;b) in the event any of sa:d aums of money
herein referre.~ to be not promp!ly and fully paid within ~n~~r~ i3o) ddYS nexi atter the same severalty become d;x and payab~e, wi~hou~ demand or notice.
or (c) in thx e~ent each and every tF~e st~pu~ations, agreements, conditior~s and covenanrs of sa.d prominsory no~e and th~s mongage any or e~ther are not
~uly, promptly and (ully performed, d:scha~ged, eaewred, eifected, compieted, comp:ied wi~h and ab~ded 5y, ihen in e~ther or any such event ~he sa:d ag
gregate sum memioned in said prom~sswy note then rema~ning unpaid, wilh interest accrued, and all moaeys setured he~eby, shatt betome due and pay-
able fo~thwith, or rhereafre., at the opi;on of seid MORTGAGEE, as fully and comptetety as il all of ~he sa~d s~ms of money were or~g~na:ly si+pu+ated
to be paid on such day, anythin~ in sa•d pro~n~ssary note or in this Matgage to the conira~y notvii~hstandu~9: and thereupon or thereafter at the opt:on of
said MORTGAGEE, withoW not~ce or demar.d, suil at law or in eq~~ry, therefore or tt~erea(ret begun, may be p~osewted as if all moneys secured hereby
had matured pnor to us ~nshtunon.
7. That in tF~e event that at the beginning of w at any t~me pending any su~t upon this Mortgage, o? to foreclose it, or to reform i~, or to enforce
payment of any cla~ms hereunder, safd MORTGAGEE shalt appty to the Court havir.g ~w~sd.ction thereof fcr fhe appo~ntineM Of a Reteiver, such ~ourt shail
Fcrthwith appoint a receiver of said mortgaged property all and singular, incl~d•ng alt and singuiaT the i^comr, prol~ls, issues ard reve~ues from whatever
seurce derivrd, each and every ot wh!ch, it kx;ng expressty vnderstood, is F.ere6y mortgaged as if speu(ically set forth a~tf deuribed in the granting and
~sbendum clauses hereof, and such Receive~ shall bave atl the broad and ef4ective funct.ons and powers in anyw~se entrusted by a Court to a Receiver, and
r.:ch appointment sha11 be m~de by wch Court as an adn;tr~,d equ~ty and a r.eaner of absaute right to said MORiGAGEE, and withou~ reference to the
edeq~aty w inadequacy of the vatue ot fhe prope~~y n,o+tgaged or to the so:vency or inso~~ency of said MORiGAGOR or the dete~danls, and ~hat wch
~enfs, proFits, income, issues and rever.~ee shaU be applied by such Recciver accord~ng to the tien a e.~uity of said MORiGAGEE and the practice of such
Court. ~
8. To duly, promptly and fuily perfo•m, d~srharge, execute, effect, complete, con,piy w~th and abide by each and every the stipulations, agreements,
conditions and tovenants m sa~d promissory nete and s~is morrgage set forth.
9. That in ~he event the ownership of the mortgaged premises. or any part thereof, becomes vested in a person olher than the M~RTGAGOR, th~
ti'ORTGAGEE, its suctessors and ass~~ns, may, without notice to the A10RTGApR, deal X~~h wch successor a successor in enterest wnh reference to this
n•o•rgage ~nd rhe drbt hereby secur~d in the same manner as with Mortgagor w;fhout in any way vinating o~ d~scharging the Mor~gagcrs' liability herr
~.nde/ or upon the debt hereby secured. No saie of ihe Frem~s>s hereby mortgaged and no forbearante on the par~ ot the /AORTGAGEE w its successors
o~ assigns and no extens~on of the r~me for the paymenr of the debr hereby secured gfven by the b10RTGAGEF or its auccessors or ass~gns, anall operate
!o release, d~scha:ge, modify ~hange or affect Ihe or~~;nal liab~;~ty of the h50RfGAGOR herein, either in whole or in part.
10. It is speuficaliy agreed tha~ time is of the esser.~e of this contract and that no waiver of any obligatton hereunder or of the obligation se-
c~red hereby shaG at any time thereafter be he:d to be a wairer of the ferms hereof or of the insvoment secured herby.
11, In add.t:o~ ro the forego'ng rr.onthly payments of pr;nc pal and interest requ~red by the prom~sscry nore setured hereb~, mo:tgagor covenants
a~,d agrees to pay to mortgag~e r~rth each mcn!h~y pa~~.:ent an add~rional sum est ~~,ated b~ mortgagee to be eqvai to 1 i2 of the ann~al cost of the foliow-
;ng:
A-All reaf propert~ ta,ezs te~ned c• asses~eci ag3i~~st ti,e above desc•ib_d real estate.
B-Prerr.:;.ms on fi~e ar.d w;r.dstorm ~nsura~ce as here;n r,~qv~red to bn Cd~riecl on the tmprovemenes s;tuate on the above dezcr;bed prem~ses.
C-Premiu:ns on such mongage yuaran±r ir.s~ra-~ce as mo•tgagee shail frc•n t:me to time deem fit to carry on the loan secured here6y.
Mortgagee shait 4rcm rim~ ro t~me norify mo.rgago. ;n vcrit~ng of the an,o~nt d~e and payable hereunder and wch sum shall thereupon be due and
; ayab~e on the due date of ~he nexr monthiy paymenr and each successive month thereaft~r ~rtil mortgagee shal! notify mortgagor of a change in such
a^ ~vnt. Svch sums sha:l y~ app~ird 6y mortgagee roward the payment of rea~ property taxes, insurance prem;ums, a~id mort~age guaraMy insurance
~•emiums.
IY Y~lTNESS L",+HEREOF, the sa;d MORTGAGOR has hereunto set hiz hand and seal the day and year first aforesaid.
, - ' ned, Sealed and deli red in the presence of: ~ ~
~ Sea1)
- Mil o L Ro e s~an
(Seat)
! - Uoroth L. od ers (Seai)
' ~
STATE OF 7~C ~-t%s~,~u~~ ~
~ r~ ' S5.
~ C~UNTY OF . , ~
` Betore me persona appeare Milford L.Rodgers
~orot y . o gers and
~ his wife, to me well known and known to !ne to be
4 the individuats described in and who executed the foregoing instrument, and acknowtedged before me that they executed fhe sartset(bi`1fii~ptkposes
j therein expressed. And t4~e said Dorothv L.. RO[~ ers
Milfoxd L. T
' ,,~re of rh~ :a~d Rodgers -
- , v~wn•a separate p~ prlvat~ ,
"t e=am~nanon by me taken separate ar.d apart fro:n her sa~d h~sband, acknowledged to and before me that she executed sa+d instjument freq~y?snd voluw-~.
ter~{y and w:thout any compulsion, constraint, apprehension, o~ (ear of or from her said hus nd. • •
~L da or ~ctober _ ; " 93
WITNESS my hand and official seal this_ y ~ D• ,,~T_,- .
~ _ • : l. _ ; .
:y_
otary Public in and for ths Sfate oR d~Ie d•ta:g~ •
1~ ?
My Commission expires: ~ _
j~. - ' ~ ~
Return To: a=t! :
~ ~ •
Notary VuWic " . , • .
First Federal Savings d loan Asseciot:on n;~,y.:~;,.
Of Fort P.e:ce- WeHsDoro. Tfo~a Count~l,.ri
My Cominission EaP~r~s 2~6~)5 • ~ . . . ~
fort P~_rce, Flcrid3 . ,
i ~
~M~; KECUADEO
; This Instrument Prepared By J. H. Roberts~ Jr. - ~jtLlUC~i.'QUMP~S`~
First Federal Savings & Loan Association FCCf r_-. i ~~~pT `
CIE~'~
of Fort Pierce , Florida o~r..c:~;~
Chetked By ..7,~-_ Aw 9 S~ ~x ~.13
W
.
80~~219 P~~2233 26soss
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