HomeMy WebLinkAbout2672 To place and continuously keep on fne b~~:d~ngs now o~ hereafter s~~uale on sa~d Iand ard o~ ali equ~p•nrnr and pe~sonalfy tovered by thii mortg•
s9s, w.th ali prem~ums the~eon p~~d in Ful~, hie i+~s,.~~ncc in ifie usual s~„~da~d ~~~cy lorm, in s wm app~oved by he h1'VR~G:.GEE, ar.d w~~~dsrorm
insura~ce in Ihs ~sual stanJard pot.cy (orm, in a sum approvrd by ~he h10RTGAGEE, in such tompany or comp.nie~ aa ~he h'.~RTGAGEf r~ay
direch •nd ell fire and w~ndstorm insurance pol~ues cn a~y of said build~~gs, any inte~est th!rein or part Ihereo', in the aggregate wm •forosa~d or
in excesi thereaf, sf.~U contain the usual standard morrgagae ciause or wch o+he~ c!auss as ~ha Mwtgagze may req~ re, mal~~g ihe iosa u~~Je~ s:+~d poli-
c~es, each and every, payab!e to sa~d NORTGAGEE as ~is intenst may appear, arxl each a~~d eve~y svch pot~cy sha~! b< prw~~pry ais gncJ end dehvrr~•d to
sny he~d by sa+d MORIGAGfF as funher secwity to aaid mortgage debt, and, not less than ten (201 days in ad~a~ue of ~.e eXpvet~on of each poircy, to dr
Ifver lo said MORiGAGEE a~eoewal thereof, toge~her with e rece~pt fo~ the premium of iuch ~enewal; and t!,Nre shall Le ~o f~ra a~ w~ndsronn ins~ronce
p~~ced on any of said build~ngs, any intercst there~n o~ part the~eof, unless in the lorm ind wnh the los~ payeble as aSoresa~d; and in the evero a~y tum
of money becomes payable unda wch policy or pol~ci~s sa~d MORTGAGEE ahall have the ophon to receive and apply the same on account of the ind~t+~d-
ness setured hereby w to perm~t sa~d MORTGAGORS ro recefve and use it a any pe~~ th•r.eof for orn.~. ~.ur;.oses, ~.~rh-,:t tti .v..~.~ cr ~.~.~„~r-
ing any equ~fy, l;en or righl undrr or by vi~tue of this mo:tgage; ~nd in tFx event sa:d MORTGAGOR$ sha11 for any rcason fail to kaep ~he sa~d prem~~:s so
~~sured, w(ail lo deliver prompt{y any of said poGcies of insurante to sa~d MORTGAGEE, o? to:~ pro~~ptly to pay fu(ly any p~e ~~ium the~efor or in a,~y
respect tait to perform, disch~rge, execure, eflect, complNe, comply wi~h end abide by th~s covenant, o+ any pa~~ hereof, smd MGR+GAGEE may p~ace a~~o ~
pay for such insurance or any part thereof wnhou~ wa~ving or af(ecting any option, lien, equity, o~ right u~ider or by virrue of ~his Mo~tgage, and the
fuU amount of each and eve~y such paymeol shall be immediately due and payabte and shatl brer interes~ iiom ihe date thereof u~uil p~~d a~ the rate ol
nine per cenfum per annum and togr~h~r with such inter~st sha~i be secwed by Ihe lien of th~s mortgage.
4. To permit, commit or suffer no waste, impairmeN w deterioration of aa~d p~ope~ty w any part thereof. ~
S. To psy all and singuiar the co:ts, charges and expensea, includ~ng a reasonable anwney'f fee and costs of abst~acts of tit~e, incurred or pa~d at .
any time by aaid MORTGAGfE, becawe w in the event oi the fa~lure on the part of the sa~d MORIGAGOR to d~ly, promptiy and fu~~y perfwm, d~scharqe, '
execute, effect, comytete, comp!y w~th and ab:de by each and every the atipulanons, egreements, condinons, d~d cove~anta of sa~d prom~sso~y note ar.d ~h~i
mo~tgage any or ei?her, and sa;d costs, charges and expenses, each and every, shall be immed~atety due and payab!e; whrrher w nor there be not~ce da
mand, attempt to to:7ect oa ~vit pend~ng; and the tull amount of each and every such paymen~ shall bear interest from the dare thereof until pa~d at the
r.~te of nine per centvm per am~uar, a~d ail sa~d costs, ct,arges and expe~eses incur~ed w paid, to3rther w~th such interest, ahaU be secured by the iien o/ this
mortgage.
b. That (a) in the evant of any breach of this Moitgnge or default on tl~ part of the MORTGAGOR, or (b) in the event any of sa:d sums of money
herein refQrred to be not promptty and fully paid wi~hin th~rty (3Q) days ne:~ after the same severatly become due and payable, wiUwut demand or nouce.
or (c) in the event each and every fhe stip~~ations, agreements, cor.dirions and covenan~s of sa.d prom;ssory note and th~s mortgage any or e~ther a~e no1
iuly, promptly and fully performed, d~xharged, exetuted, effected, cornpleted, compfied w~th and ab~ded 5y, then in e~~her or any such event the said ag
gregate sum ment~oned in'said pro~nissory note thrn rema~ning unpaid, with intere;t accrued, and aIl moneys secured hereby, sha:! become d~e and pay-
ab,e forehwith, or the~eafter, at rhe cpnon ot sa~d 1AORTGAGEE, as fully and completely as if all of thr sald iums of money were or~ginaliy st~p~:ated
ro be pa;d on such day, any?hing in sa:d prom[ssory note or in this Mortgag? to the co~+rary notwithstand~ng; and the~eupon a thereafter a~ the opt~on of
s~id MORTGAGEE, w~~hout not~ce or demand, suit at law or in eqvity, therefo~e w fherealrer begvn, may be prosecuted as ~f all moneys secured he~eby
n~d matured pnor to ds instit~hon.
7. That in the eve~t that at the beg~nn~ng of or at any time pend~ng any suit upon this Mortgage, or to foreclcse ~1, or to re(orm it, or to enfortt
payment Of any tlaims he~eunder, said htORTGAGEf shall apply b fhe Cou~t having junad.cr~on lhereot to~ !hr appo~ntn.en~ oi a Rete~ver, such ~ourt shall
tcrfhsvith appoim a receiver of said mortgaged proprrty all and sing~lar, ~nc~ud:ng all a:id singu~ar ~he income, prot~ts, ~asues and revenues irom wh;tever
source derived, each and every of wf~;ch, 1~ being expressly unders:ood, is hereby mor~gaged as if tpec~ticafty set forth and desu~tkd in rhe granrir.g and
hsbendum c~avses hereoi,-and svch Receiver shau have a:l ?he broad ar,d effecnve funct~ons and powers in anywise enn~ued by a Ceu~t to a Receiver, and
:.ch appo;ntment shall be made by svch Cou:t as an ad,ni:t~~ rquity and a matter oi absolvte righi to'said ;f10RTGAGEE, and w+rhou~ reference ro tF,e
adequacy or inadeq~aty of the vatue of the prope~ry morrgaged or ro the so~vency or ;nsuivency of siid MORTGAGOR or the deiendants, and ~hat such
~e-,ts, profits, income, issues and revenues shall tx appiird by s~ch Receiver ac:ord~ng to the lien or equity of u~d MORiGAGEE and the practice of such
CouA. _
8. To du'y, prCmptty and fully Ferform, discha~ge, execute, effect, compiete, comply with and abide by each and every fhe stepuiations, agreements,
cenditions and covenan~s m u~d prom;ssory note and th:s mortgage set forth.
9. That in the event the ownersh~p of the mortgaged premises, a any part thc~eof, becomes vested in a perspn other than the MORTGAGOR, the
":.ORTGAGEE, its suc.essors and ass~gns, may, witho~t notice ta the MORTGAOR, deac vv~tn such successor w successor ;n ~nterest w:th ~efe~ence to this
rr.ortqage and the debt hereby secured in the same manrter as with Mortgagor w:thout in any way vit:ating or d~scha~ging the R1lortgagors' Iiability h¢rr
~nder a upon the de6t hrreby sacured. No sale of the premises hereby mortgaged and no forbearance on 1he Fart of the MORTGAGEE or its successors
or assigns and no extension of rhe time fw the paymenr of the debt hereby secu~ed given by the MORIGAGEc or i~s successors or ass:gns, s~~all operate
ro re!ease, d~scharge, modify change or affect the o:ig;nal liab,lity of the MORiGAGOR herein, either in whoie or in part_
10. It is spec~fica~:y a9reed that time is of the esze~ce of this contract and that ~o waiver of any obl;gation hereunder or of the obligation sr
cvred hereby sha11 at any time th<reafter be hetd fo be a waiver of the terms Aereof or of !he initrument setured herby.
i l. In add~t[a~ ro rhe forege ~g month!y peyments of p~inc pal and interes~ requ:red by the prom"sscry no!e s~•cured hereby, mor~gagoi covenants
o-,d agrees to pay ro mortgagee with each momhly Nayrcem an add~rionat sum est!~~ated by mo•rgagee to be eq~al to 1; 12 of t1~e ennual cost of the fot{ow-
A-AI( real grope~ty taxes levied o+ assessed agji•~st nc~ above describcd r:-a! estate.
B- Prem,iums on fire and w;ndsrocm inwracce as ne:e~~ requ:red to be ca~ned or, the ~mproveme~ts s~tuate on the above destr.6ed prem~zes.
C-Pre~niums on s~ch rnortgage guaranty ir.surar.ce as rnorlgagee sha:~ frorr. t me ro time deem fit to tarry on the toan secu:ed hereb/.
M.ortgagee s~yil from time to t~me no!ify mortgagcr in wr~t:ng of the a.rou•it due and payable Fereundrr and such w~n shait thereupon be due and
;,~yaEte on the dua aare of rhe r.ext rnonlh;y payme:~t a~d eoch successive mo~,th !~,ereah~r u~:til mcrtgagee shall nonfy mortgagor of a change in such
:•.ovnt. Such sums shail be apF.iird by mer,gay-_e to•~.a~d the payment of rea! propeny taxes, inwra~ue prem,ums, a~ed mortgage g~aranty insurante
,remiums.
IM YllTNfSS ':~NEREOF, the said MORTGAGOR has Fereunto set h:s hand and seaf the day and y ar fjrst afore id. ~
Signed, Sealed and delivered in the presence of: ~ ~
. i/ .
! - x ' ~ ' (Seal)
' ldltTiPSS i.•~ ' •"~1.-'?t - Ec~W rc3 B S
! - ~ (Ses!)
~ ~!'1tile5~~ ~ fG ~y ~ r ~ lSea!)
; J~an ' i ~ Bush lSeal)
i
~ s~ATE oF new
~ 1
j C~UNTY OF ~ riT-~ S-~ yV ~ ~
i .
Befwe me personally appeared Edward Pt15tl
~ and
; Jean ~t151'1 his wife, to me well known and kno~xn to me to be
1 the indiv~duats descr~bed in and who e:ecuted tF?e foregoing instrument, and actcnowledged befwe me fhaf they executed the same for the purposes
' Jean ` Bush
i Iherein expressed, And the said
~,~Fe of the said ~-L1PJ82C3 Bt1Sh upon a sepZrate and private
~xam~nation by me taken separate and apart from her said husband, acknowledyed to and before me hat she executed said instrume~t freelY and volurr
' rar~iy and without any compvlsion, constraint, apprehens~on . o or from her said husband. ~
~
~ WITNE55 my hand and oifiual seal th~s ,~~41~ o{ ~ ` A. D. 19_~_
r
_ r~ Motar• Pu ic in and for the State of 706?S~G at large
Retu.n To: fILED ~H_ i'` Ct)ROEO My C m~ ~on expires: N.Y.
ST_ LUClE ~:t3ilNTlf flA.
First federal Savings d Loan Associat:on REv:^ '~'~TP,AS
Of ~o-f P~~:ce. CtEF.c C'~~'J!T ~OUR? .~~HN R. SC.t1Ra
' Fort Pferre. Flcrida _
' ° ~ ~ ' ^ ~ ~ HOiARY PUBIIf,, State o! t9.Y. Livin~sto~ CounP/
r
€ OCT 18 3 37 PN 73 MY ~~mm~ss~on fxpires M1larch 30, I9],
;
t•
Th~s Instrument Prepared By Jahn I4 ~ Colli.ns ^yT''.• ,
- First Federal Savings & Loan Association '-.C.•• a'_ • .
of fort Pierce Florida ~ TM~ ~
: vI : ' W J
~ ' ~ r.. ~ •
` Checked By ' ~ W ~ '
~ • : .
? p ~ i5~'•'~~~~~ ~ ~ ,
SiSO!! ~,9 F'~G~ ~ J Z '+i r' ,
~
_ . - i Q r~ , -
- ~ . . . JS
;
, - -
_ ,
~ ~ ~ _ ~