HomeMy WebLinkAbout2395 3. To pl,ce and ccnr~nvo~sly kc•ep on ~he b~.~'d~~~g+ now or hrre~iter e~~~ate on sa~d ~and and on eC eq~:~p•>>en~ and perso~ally cor<<ed by this n:ortg-
ege, w~th all preniiums thereon pa.d .n fv!i, f,rc ~r.w~a~~a- ~n the uauai st~cd..rJ H~oficy form, in a wm a~pro•rcd by thr h10R~v~G'E, a~;! vv~~+d~~o~m
inwrance in Ihe ~aual i~and~.d pd...y form, in a sum a~pro+ed by the MORiGAGEE, in such compa~~y or tompanles as ~he MCRIGAGEE may
d~reU; and all fira and w~nds~orm insurancr po!~c.os on any of said bui:d.ngs, any interest therein or part thrreof, in ~he agg~egare sum aforese~d w
in eacess thereof, sfiall :ontain the U3V3~ s~a,:dard mo+tyagre davae or auch o~her ciau~e as the Mortgagee may requne, making ~I~e :oas unJe~ s..~J po:i-
des, each and every, payab:e to sald ~.~JRiGAGEE as ~~s u~~er~st may appcar, and each and every such po~,cy shaii br prompr;y ass g~~eJ a~~d dr:~v~•r~•d ~o
any held by sa~d A10RiGAGEE as fw~har sewrity ~o sa~d n~orfga3e debt, a~~d, not leu ~han ten (10) days in advance of the e.p~~atlo~ of ~ech poGCy, to de-
liver to sa~d MORTGAGEE a renewel tF:rreof, iogeiher w~rh a rrce~pt for the premwm oi avch renewat; and there shal~ ba ~~o i~~e or w~~~usw~m ~nwrance
placed on any of sa~d b~ild~~~gs, any ~nterest ~here~n or pa~t thereof, unfess in the form and with tha loss payable as afo~esa~d; and in the e+ent any sum
af money beco~nes payeL•Ie under wch paiity or poLues sa~d MORTGAGEE shali ha~e ~he opt.cn to ~ec~~+c and opN!y the sa~ne on accou:v o( fhr indeb~ed-
ness sewred hereby or to uermit sa~d tAORTGAGORS ro recr~ve and uae it o~ any pa~~ il~e;~'of fu c:~~~:~ .:ses, ..~t~....t t!, .r ~3 cr u~:p~r-
ing any equ ty, I~en or r:gM under or by virt~e of thia morrgagr; and in the ever.~ sa d MJ~iGAGOR5 shail fo~ any ~eason Ta~i to kerp 1i~e soid y~c~~~.,<s
~nwred, or fail to detiver prom~,tly any of s,,id ~wLcies ol inwrante to sa~d MOP.TGAGEE, or f„~! prcn;H~fy to pay f~~ly any ~•-~•~n,~m ther~~tor or ~n a~~y
respect fail to pe~lomi, d~scharqe, ex,~cure, efiect, comp!e~e, co:nply wi~h a~d ab~de by th~s covrnan?, or any p•~rt hareof, s~~d MuRI.',AGEE ~f~ay p+ace a~~d
pay for such inswence or aoy part thr~eof w~~ho~t wa~wng or affecting any opt~on, lien, equ~ty, or ~~~h~ under or b~ vi~~ue ot this h~ortgage, and the
full amovnt of each and every suth pnymeM shall b.: ~m~nediately due and payable and shall bcar interrst from tht date thcreof uu1i1 p~~d a1 the rate oi
mna per centum per annu~n a:~d To~eth~~ w~rh wch ime~.s~ ShaL be secured by the hen of th+s mortgage.
4_ To permit, commit or suffer no waste, im~airment or detenoration of said property or any part thereof.
5. To pay all and sin~ular the costs, ci~arges and expe~ues, inc!uding a reasonable attorney's fee and ccsta of abstracts of title, incur~ed or paid at '
any ti~ne by said MORiGlaG:f, beca~se o~ the evero of ~he fa~wre on ~he part of ~he said MORTGAGOR to duly, pro~••p~ly and fuJy perSorm, d~scharge.
~xecute, effect, compiete, wmply w~th and ab:dt by each and every ~he stiav~at~ons, agreements, conditlons, and covenanrs oi said promissury note and th~s
~ws9age any or erther, and sa~d costs, cha~ges and eaprnses, each and every, shaU be immrdmtely d~e and payabfe; whcther or not thert be ~ot~ce da
n,and, attempt to co:icct or s~it pend[ng; and the full amounl of each and e~ery such paymeot shall txar interest from ~he date the~eof un~il pa~d a~ ~he
r,•te oi n~ne per centum yer a~u~~ n; ~nd all sa~d costs, cheiy~s a:id rxp~~:ses ~~xurrrd or paid, toyether w~th such interest, s~all be secured by the hen of th~s
mortgage. .
b. Thal (a) in the event of any breach of this hlortgage or defaul~ on Ihe part of the MORTGAGOR, or ;b) in the event any of sa:d sums of money
herein referred to be not promptly a~d tully paid with~n th~rty j30; days next a;~cr the same sere~a~ty become due and payable, wiihou? demand o~ no~ice,
or in the event each and eve~y the st~pulat~ons, agreemen~s, conditions ond covenanrs ot sa.d prom~ssory note aud th~s n:ortgage any w e~~her are no1
iuly, promptly and futly performed, d~scharyrd, executed, effected, canp~eted, complied wirh and a6ided Sy, then in e~ther o~ any such evero the se~d ag-
areaate wm mentioned in said uromissory note thrn ren~a~ning unpa~d, with intere,t actrued, and all mo~eys sewred hereby, shall become due ar~d pay
ab'e forthwith, oi thereafte~, at the option of sa~d ti102iGAGEE, as fully and completefy as ii au o1 the sa~d svn,s ot money were or~g~na:iy si~pu.eir~
t: ~e pa;d on wch dcy, anything in sa:d promissory note or in this Mortgage to the cororary notw~thsrzndiny; a~id thereupon o: thereafter at the op~~on of
sa;d MORTGAGEE, wi~F,out nonce or demand, wit at law or in equdy, therefore or thereai~er begun, may be prosecuted as if all moneys secured hereby
n_d matured pnor to us ins~rtution.
7. That in the e.~ent that at the beg~nn;ng of or at any time pending any suit upon this Mortgage, or to forecicse it, or to refo~m it, or to enforce
~,ayment of any claims hereur•der, said FAORTGAGEE shai~ apply ?o the Court having iur,sd.ction thereof for ~he appo~ntment of a Recetver, s~ch Covrt shali
fo:thwith appo~m a rece~ver oi sa~d mortgeged property all and s~ngutar, incivd~ng al1 and singu~ar !he ir.come, prof~ts, iss~es ard reven~es from whate.er
s:,~r~e derived, each and every of wh[ch, it bt~ng express:y understuod, is hereby mortgaged as if speufkally aet forth and describ+:d in ~he g~a~ting and
h~oendum ciauses hereof, and suth Receiver shall have all the breud antJ effective funct.ons and powe~s in anyw~se ent~usted by a Go~rt to a Rece~~er, and
s~ch appoEntment shatl be n.a3e by such Court as an ad:nittad equ~ty and a matter of absolute r.yhi to said MORTGAGEE, and w~thout referrnce to tne
e.i~y~acy or inadequaty of the value of the property mortgaged or to the so.vency or m:oivrncy of said MORiGAGOR o~ Ihe defendants, and that s~ch
re~~n, profits, income, issues and reve~ues aha?t oe app~~ed by iuch Receiver accord:ng to ~he lien or equity of sald MORTGAGEE and the prauice of such
~ourt.
8. Ta dufy, prcmptfy and fully perfo~m, discharge, execute, effect, complete, comply wirh and a6ide by each and every the stipulations, agreert~ents,
cor,ditions and covenanrs ~n sa~d pron,~ssory note and th~s ntorrgage set forth.
9. That in the event the ow~ersh~p of tha mortgaged pre~~~ses, or any ~rt thereof, becomes vested in a perwn other than the MORTGAGOR, ~he
:'ORTGAGEE, its successon and asslgns, may, without nc~~ce to the A10RTGtiOR, deai with such svccessor or successo~ ~n interes~ witn reference ~o this
r, orrgage and the dHat hereby sec~red in•the same manner as with tlorrgogor wAhout in a~y way vitlating or d~scharg~ng the Mortgagori liabiiity here-
under or upon the debt hereby secu.ed. No sale of the premises hereby mortgaged and no (orbearante on the part oi the ~1lORTGAGEE or its successurs
or assigns and no extens~on of rhe rime for fhe pdymCnl of tl:e deb~ he~eby secured given by the IAORTGAGEE or iu soccesso+s or ass:gns, a~~aN operate
ro release, d~scharge, modify thange or affeu the onginal l~au~hty of the MORfGAGOR herein, e~ther in whole or in part.
10. It is spec~frcally agreed that time is of the essence of th~s cororad and that no waiver of a~y obl~gat+on hereu~der or of the obtigation se-
cured hereby shah at any time the:eaiter be rte:d to be a w~~ver o( the terms hereof o~ of the instrument secured herby_
' 11. In a;i~?.T:c~ ~o th~ forege rnon!h'y paym•~nts of p:~:u aal and imerest required by the From:sscry ne'e secured Fereb~, mo:tg3~or covenants
' agr~es to pay to n:o-tgogee +.~rh rach mcn+h~y Hay~ enr an aod:rioncl sum est~ma+ed by morigage? to be equai to i, 12 of ~he a~~~ual cost of the foiiow-
;
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i A-AH real property taxas ~ev~e:! cr asses~c<i ay~,.st thc a!»ve desv~~~_d real estate.
I B-Prem~u~ns o~ f~re and v.•~nds!o~m insv~acce as hrrc~n r.~q~:red to be carried en the ~mproveme~ts s~tuate on s~~e above d=svibed prem~ses.
; C-Pre~~~~:ns or. such iT:or!g:ge gva.sn!y ~r.svrar~ce as mortgagee shau fro•~ tme to time deem fit ro carry on the loan sec~red hereby.
s
i Mortgagee sheil f~o~n r:n:e to tirne ncrify r.iorTyager :n wnt,ng of the amou~t due and payable hereundar and svch su:n shail the:eupon be due and
~ 3yabfe on tha d~e date o( the ^ex: rr.o::th'y pay~~ent ar:d each succeszive mo^th thereafter ur.ti~ mortgagee shall r.otify morrgagor of a change in wch
F ~ ount. Such s~ms sFa.l be ar.~:;ed by mortgag•:e toavard the ~ayment of reat property taxes, insurasue prem:ums, a~~d moctgagr guaranty insurance
~
4 ~emiums.
1 IN V~ITNE55 V+4cR'.Of, the said PhORTGAGOR has herevnto se! his hard and scal the day and year firs! aforesaid.
~ Si Sealed nd delivr~ in the presence of: /
r ~
~ L(,'iL4C [Z-3~'!c_- (Sea4
u- (Seal)
r -
~ - ~ ~ ~$22I)
~ _ _ Doroth Comolli «a,~
~
~ STATE OF t2OttDA a S S
~i1+^ ~ u.
~ ~OU:JTY Of -
~ Before me personally appeared Alf Ted COiIlO7 1 ~ and
~ __j~~t ~ _ his wife, to me well known and known to me to be
the individ~als described in and who executed fwegoing instrument, a~d acknowiedged before me that they ezecuted the same 40? the purposes
~ nc~rein expressed. And th sai S-~ . ,
rrfe of the said ~ . • ~ ~ d~ e'Md P~ivate
.~P~~ .
eram~nat~on by me taken eparate and apart from her sa:d h~sband, acknowledged to and before me that she executed said.iasttu~neAt freely ;nd~[abun-
~ fanly and w~thout any compuision, constraint, apprehens,on, or fear of or from her said husband. ` y- ~q,~=-
~ WITNESS my hand and offiua! seal this_ day of ~ e V e~ ~L~ ~ G A.: D. 19,.L~
~>5. ~
otary P~b!ic in and ior the State~ (1;LKaOF~ `
~....-••'~t
~ My Commission expires: . • , ~ •
Retvrn To: ~ ` ~ 7 ~ ~_t : ~ . ~
First Federal Savings a loan AsSOCiat~on "~~~~'j'~~L``
~ of Fo~r P.::~•~
~i 263~~•'~
Fo+r P~erce, Ho~~d~ fILEOI~L -:rvQHUEO
r'.` ST. LliCi~ ;,~tj,yi Y FLA.
f'10;r .ii•~~aS
CiF~f. ;~~~T CUUpT ~7~ z
ra t'ff~~~h^ ~
~ This Instrument Prepared By .T. H. Roberts, ~T.
;a F+rst Federal Savings & Loan Association iIOV ~ ~y
of Fort Pierce , Florida `t o? PH'73
r~^
~ Checked By
~ 8ClOk p#~}
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