HomeMy WebLinkAbout0921 3. To p!ace and continue~sly keep on tne b~~'d~~,9s noar or h~r<aiter s~t~are on sa~d ~and and un al! eq~;y,n~n~ ar~d pe+w~~atly co.e«~d by ~h{s rr.ur~g-
ege, w:~h all prrn~w~ns ~he~eon pa:d ~n fuit, f,ra wn,r, .c~ ~n ~he ~s~~l s~ar.da~d po'~cy torm, in a sum a;.;~~u~rd 'uy the h1UR.:,:.GEE, a~,d w~ndi!onn
~nsuranca in the uwal sta~idard pu:•cy (o•~n, in a a~m app:oaed by ihe MOkiGAGEE, in w<h company or co:npen~es as rhe MO~iGAGFE ~nay
d~recl; and a~i hro and w;ndsrorm ~~~S~rd~Cr po4c:es on any of sa~d iw~~d~ngs, aay inie~ea~ the~ein or pa~t thteeof, i~ the ayy~tgote s~m afo~eaa~d or
exce~s ~hrr~pt, shall cont;,n ~he uw~~ sta~,Jard mo:~g~yre da~~se o~ such othe~ cleuse as ~he Mo~tyayee rnay ~rq~~ro, ma?ing thr ~css undr. so~d aot6
c~ea, each and every, payab!e to ia~d A1vRTGAGEE as ns ~m~~~st may apprar, and eacn and eke~y auch put,cy s1~aN be prpmy,tiy ass y~~cd o~~d dei~vr~~d ~o
eny F~eld by sald h10RiGAGEE as f~r~har sewrity to said morlgage dcbt, and, nol less than ten (101 diyt in adYance o( the expiration of each po6cy, ?o de-
Lvr~ to sa~d MJRfGAGEE a rcnewal thereof, together wuh a rece~pt 1or the premwm of i~ch renewat; and thrre shaN be no f~re or v.+~:dstm.n inwrante
plac~d on any of said bvild~ngs, any inreres? thrrein or part thereof, unless in ~he form and wi~h the loss payoule as a(oresa~d; and in th~ e~rnl any sum '
of money brcomtS payab:r undar s~ch policy or poCc~es saad h!JRTGAG:E i!.~II have the oHt~on to rec~•~ve .~~:d apply ~ne sa~ne on ecco~~~t of the c~~d~:;r~•d- ~
nes: s.:cured her~by or to pe~mit s~:d t.tORTGAGOFS to nceiv~ and use it or any ~>,r: tt,.•:.-of f~r ov.,•. i.ur;•::s~s, ..,,r i~~
~ng ~ny equ,ty, I:an or nyht ur.dar or by viriue o! this mc:•yaye; and in the evrnt sad MO+~'GAGORS she'.I for any reasor, feil to k~ap the sa~d p~em~s:s so
~nswed, o~ fail to deGYer promptly any of sa~d {wl~e:es ol ~nsurance ro sa:d MORIGAGEE, o~ c~.'. pro~,:~~rty ~o pay f.r.:y any p:~ tt,er~•tor or i:: any
respect Fai~ ro perfo~m, d~sina•ge, execvie, e!!e!~, con~plero, co:nply with and ab~de by tf„s covenant, or any p,~r h~reof, s.+~d tdC,R`vi.G'tE may p~ace a~~o .
pay for such inwr,fnce or any part thr•eo( w~thout wa~v~ng or affeuing a~y optlon, ~ien, eq~~ty, or ~~gh~ u~~de+ or 6~ vi~~ue ot ~i,~s Murtyage, ard thc ,
f~il amc~nt of each and every such pay~nent shat~ be ~m~nediafely due and payub!e and shall baar i~teresr 1rom tha da~e ~h~reof u~~hl ~:,:~d at ~he rate o1 ~
mne pet crntum per annu~n and ro~rth~•r w~th such inr,.~r„sT sha~i 1~ :ecured by the lien of th~s mo~tgaqe. ' '
To permit, tommit or suffer no waste, impairment or deterioretion of said property or any parl thereof.
5. To pay all ar.d siogular the costs, charges and expenses, induding a reasonable atrorney's fee and costs of abstr;crs of titte, incur~ed or pa~d af
a~.y tin:e by said MOR(GA:,:E, because or in the eYent of fhe fa;iure on the part of the said MORiGAGOR to duly, pron~ptly a~~d fu11y pe~form, d~sci,arge.
erec~te, eifec~, compte~e, compty wnh and ab:de by each and every ~he stipulat~ons, agree~nenis, cond~tions, ar.d covenants of s3.d pro~n~ssory note a~~d this
mortgage any o~ el~her, and sa:d cos~s, charges and expe~ses, each and every, shaN be immedrotely due and payab:e; whether or r.ot the~e be ~o~~ce de
r.~,~nd, attempt ro co~lect or svit pend;ng; and tha full amounl of each a~td every such payment sh~ll bea~ iMCrest irom the date thereof until paid at the
-.r~~ Qi ninC pat Crni~~~i per an~~,,:n; and ali said cas~s, ci~argas a~~d exrri~srs ~ncurred or paid, togetF~e~ w.th wct~ ~nterest, shail be sxured by the lien of th~~
mortgage. -
b. fha! (a) in !he event of any breach of this Mortgage or de!ault on tt~ part of the 11lCkiGAGOR, or ib) in the event any of se:d su:ns of mo~ey
Ferein tetc>rred to be ~ot pranpily a~d fuliy pa~d w~~thin th,rly (30) days neu atter the same severatly becon:e d~e and pa~ab:e, wR!~out demend or norce,
or (c) in thr event each and every rhe stipu;a~ions, agreemrMS, condaio~~s and covenants of sa d pranissory notr and th~s morrgage any or either are not
j,,ly, promptly and ful:y perfor:i,ed, dachargeo, execured, effected, completed, compl~¢d wi~h and a6~ded 5y, ihen in e~ther o~ any 3~ch evem the sa~d ag~
~-egate sum_ mem~oned in said promissory rwte then re~:~aining unpa~d, with inrrrest accrued and a~t mo~eys secured hereby, shdll bc~come due and pay- •
en e forthw~th, or tlwreatter, at the opt~on ot se~d h50R7GAGcE, as fully and compte~ety as if ai~ of the s.+~d s~ms oi money were or,gina:ly st~puiated
ro be pa[d on such dey, anyfhing in sa:d pro:n:ssory note or in this Mortga~e to the contrary noT+a~~haTand~ny; and ihereuport or thrreaFrer at rhe optron of
s~:~ MORTGAGEE, w~rhout noi+ce o. demand, sun at ;aw or in equiiy, theiefo~e w thereafier begun, may be prosec~~ed as if all moneys secured he~eby
r~,d matured pr~or to ~ts ~~shtution.
7. That in the evem that at the beyinning of or at any time Fend~ng any su~t ~pen this Moitgage, or to foreclose it, or to reform it, or to enforce
psrment of any cl3~ms her~under, said MORTGAGfE sAail apply fo Ihe Court having ~ur.sd.c!ion thereof for the appo~n~ment of a Receiver, such Covn sF~ail
r~:rhwith appomt a receiver of said n:ortgaged property alt and singuiar, indud~ng aii and s~nguiar the ir.come, prof~~s, issues and revenues from whatever
s~uice derived, each and every of .vh:ch, ii be~ng express!y undersrood, is herEO~ morrqaged as if spec;fical7y set forth and descr;bed in the grann~;g and
h~:~endum c:auses hereof, and such Re:ceiver shaU have al! fhe b+oad a~~d eifect;vr fur.cf.ons and povvers in anyw~se entrusted by a Court to a Recei.er, and
s_ch appointmem shal{ be made by such Court as an ad~~utrd equity and a mane~ of a6soiure r~gM to said MORTGAGEE, and wishcut reference ro the
adequ>cy or inadeq~acy of d:e vaiue ot ehe p.epe.ty mongaged or to the so~vency o~ mso:~ency of said ~dORiGAGOR o~ tha defendants, and that such
~~•~,rs, prof~ts, income, iswes and revenues shafl be appi~ed by ~~ch Recr~ver atcorauig to the lien or equity uf said MORTGAGEE and the prachce of such
Court.
8. To d~'.y, promptty and l~ily perform, d~scharge, exec~re, effecr, complete, com,p+~r with and abide by each and every the stipulations, ag.eemeros,
cpnditiOn3 and covenann m sa~d prornisso:y noca a:~d th~s morfgaye set forth.
9. That in the eYent the owrership of the mortgaged premises, or any part thereof, bxomes vested in a person other than the MORTGAGOR, the
~`RTGAGEE, its s~ccessws ar.d ass:gns, may, wi~how norl:e to the AtQRTGACR, deal w~th svch successw or sutcessor in interrs; ~.ith referen~e to this
^ o•rgagc and ;he debl hcreby secured in the same rt:anne~ as with lRortgagor w~tnout in any way vitiating or d~xharging the Mortgagori liability here-
v ier or upon the debt h~re5y sec~red. No sa'.e of the ~.remises h_reby mortgaged and no forbearan~e on the par~ ol the /.tORTGAGEE or its svccessors
r assigns and no ez+ers~on of rhe tirne f~r rhe peyn•rnt of the deot he~eby secured given by the MORTGAGEE or ~ts succe:sws ar ass:g~s, a~~all operate
io reiease, d~scha~ge, mod~fy change or affect the oriy~nal liab~l'ty of the hM1ORTGAGOR hereio, either in whole or in pa~t.
10. It is speGf~cal;y ag*eed that hnie is of the essence of rhis contract and that no waives of any obl~gat~on he:eur.der or of tne obtigation se-
:ured herrby sFai~ at an~ time rhereafrer be he;d to be a riuiver of the terms he~eot or of Ihe instrument secured hecby.
1!. tn- scid t;o~ to rhe ic~ego n~ mor.th~y paym ~ms of pr~nc pal and interest requ:red by the prom sscry no!e set~red hereb~, mortga3or covenants
d ayrees to pay to mc-tgay=e v+,~th each rner~h'y F;.~yr::ent ar. add~rional svm esumated by mortgagee to be equal to 1; 12 of the ann~al tost of the foi(ow-
,3:
A-:~I+ real property re,es levied or ass_sscd a~ai~;sr th•_ above desc•ibed reat estate.
B-Frav.~v:~s cn hrr ar~d wmdsto~m inwra•ce as he.e~n rcq~:~ed to be ca:rifd o~ the imrrovcmC~iS s[tuate on th= above d,su~bed premises.
C-Pr~r^,~~ir•s on zvch mortg;;ge gua•anty ~r;vrance as mor:gagee shali {roo, tlme te t:~r.e deem iit to carry on tne loan scwred hereby.
h5or.gagee shai~ 5rcm t~r,e to t~:-:e nCt~fy mo~tyagor ~n writ~ng of th> arnou~t dve and payable hereund?r artd such suT~ sha!1 thereu~;on be due and
,ahte on the clve date ef ~~e next n:ontn:y pay:nent and each successive mo~~h the:eait^r vr.til mcrtgagee shall nor~fy mortgagor of a change in such
• :un1. S~th sums s~~aSi be aGF~ ~Y mortyag:e tonard the payment of rea! Froperty taxes, insura~ue prem.ums, and mwtgage g~ara~Vy insura~ce
•rmiums. "
IN V11'tlESS '.':HEREOF, the said ?dORTGAGOR has hereunto set ti~s har;d and sea! the day and ye afor aid. i
Signed, Sea:ed ar.d deEivered in the presence of: ~L~~•K/ ~~~y~-+'(/
/ ($ea I)
Edward W. Hinton ~~a~~
~l/Z-E-~?i'-~~- r,.c~ iSeai)
Melvia R . Hinton ~~a~~
S'~7E OF FLORIDA
St. Lucie
'~~JNTY OF _ _ ~
Before me personally appeared E~M?ar(: W. Hinton and
i F~@IVla, R. Hinton his wife, to me well known and known to me to be
~ the individuals described in and who executed the foregoirg inslrument, and ackrrowledged before me ihat they executed the same !or fhe purFwses
th^rein expresard. And the said, _~_1g~.Y~a F~ . Hinton
; :::je of rhe :a~d Edv~ca rd W, Hinton upon a separate and prrvate
~ e.aminat~on by me ta~Cen separate and apart from her said h tknowledged to and before me that she exetuted said instrumem freely ar.d voiurr
'-~-~~y and w~thout any compu~sion, constraint, apprehe . ,f~~9f or from her said husband.
~ YliiNESS my hand and offic~ai seal this_ ~ day tObeT A. D. 19
Norary P~blic in and for the State of fiorida et large
Return To: My Commission expires:
Firu ~ederaf Savings a Loan Associaf:on `?~~r i ~:"LI.^., STr..TF et FlCP,IDA at URGE
Ot Fort P • r , : . ~ ~ •i 1977,
Fort Fi~'rce. Flor;cla 'e+~'~'d~ ~".ilry~,~: Z;,..r.c~5 I(~SufaG:E L'p~
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~ This Instrument Prepared By Ga=y F• Ellwood ; J~ t~~ ~ r+ f'. ,t :
` First Federal Savings 8~ loan Association Fr6 !~p = : v-
; of Fort Pierce Florida 1+ :
~ Fli.'C.•.';_:~~G3t~t~EO j'~~f~1 -
~~,P $7. LU" F :(3UNTY FLA. -
Checked By ~ G. %~.`TF,AS + ' , _
' Ct.~ .~tT ~C~Rt ~ - ^ ,
~ ar~• . . ~ - • ' Sb
; Oet 30 9 32 AH'73 aoox?~~ PAr~