HomeMy WebLinkAbout1270 J. To ptace and cont~nuoosiy keep on the bu~'d~~~;~s r,o+v w~trraaftar ~:t~ete on se~J 1s~x1 and o~ al~ eqvip+nrnt ard pe+sonat!y covr~ed by th~s mortg-
sgs, with •11 premiu:ns thereun po~d m f~ll, i~re inswa:~ca ;n tha usuai stando~d po'icy form, in a sum app~ored by the MURii,AGEE, and w~~~dstorm
~nswance ;n ~he usual s~andard po!.cy fonn, in a wm app~o~rd by ihe MURZGAGEE, in such co~.~pany o? co~~~pa~~rs a~ the 1?.02TGAGEE may
direc?; ~nd a~l (iro and w~ndsiorm insurance ~,oi~c~~s on •ny of sa~d buiid~ngs, any inlerest therein o~ pa~t thrreol, in the agg~<ga~e s.,:n afore~a~d w
in eatess ~he~eo(, shsl~ contain the vswl sra«dard mongayzo tlause w such o~her tlause as ~he Mo~tgagee mey req~.re, me\ing ti~~ ~oas undr~ se~d poli- ,
des, exh and every, pay~b!e to sa~d AtORiGAGEE as ~~i ~ns«~at may appear, a~~d each and every such poc~cy shall ur promptly ass gn~•d ~~~J da:~~~r.~d ~o
any heid by sa~d MORiGAGEE as fur~her secvri~y to sa~d mor~yage dcbt, and, not fess ~han ten (i0) days in ad.ante of the exp~rae~on of each po~~cy, to de-
Gver to said MORTGAGEE a renewet thereof, toge~her wiih a rc~ce~pt lor the p~am~um of auch renewel; and thare sn~lt be no Lre or w~~~ds~orm inaurance
placed on any o1 said bu;ldings, ,any inte~csl ~here~n w pa~~ thereof, unlrss in fhe form and w+~h the ioss payabte as afo.esa~d; ar.d ~n the event any sum
of money becon+es payable under such poUty or polic~es said ARORTGAGEE ahall have the opt~on to reCer+e e~~d app!y thn sa~ne on account of the i~~d~btrd-
neu secv~ed hrreby w to pe~mit sa~d IAURiGAGORS to recaive and use it o? any part ~hereof tor o:~~•~~ pury:os~s, ..:tir.~:~ ~h_~•.,~ ti~~~: c~ :~u-
ing any equ~ty, lien w right under w by virtue of this mor•gage; and in the evrnt ta:d MORIGAGORS shefl Eor any reaaon iai! to keep thc :a~d prem~s:s so -
insur~d, or fail to de!ive~ pro~»ptly any of said pofcies oi inwrance to sa~d A~O~TGAGEE, or fai! prornptly to pay fuity a~iy pr~;nwm tkerefor or in a~y
respec~ fail to per(orm, d~scharge, e:ew~e, eflect, comptete, comply wiih and ab~de by th~s covcnant, w any perr h.treof, said MURttaGFF mny piace a~~o
pay for such Frou~ance o~ any pa~l ~hrreof without waivin or afiecti an o tion, lien, e urt or r~ ht under or b virtue of thls Mo~e a e, and the
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full ~movnt o1 each and every wcA paymem shall be im~ned~ately due and payable and shall bcar intc~esr irom tha data thereof uned p~~d at the rate ot
nine per tentum per annum and to~r!hcr with such inrc~esr sbal! be s~wed by the lien of th;s mwtgage.
1. To permit, commit or suffe~ no was~e, impainncnf or deterioration o("said property w any part thereof.
S. To pey all and sinputar the costs, charges and expenses, includ~ng a reasonable anomey's fee and costs of abstrads of tit!e, incuned or po:d at
any time by said MOR~GAG'.E, because w in the eveM of the fa~lure on the part of the said MORiGAGOR to dufy, promptty and fully perto~m, d~scharge
execute, ei(ect, comptete, compty w;rh and ab:de by each and every tbe slipulanonS, agrerments, condit~ons, and covenanrs of sa~d prom~ssory note and th~s
:no~tgage any or either, aad sa•d costs, charges and expenses, each and every, sha~l be ~mmediately d..e and payab!e; whether or not fhere lx nohce dw
man~, attempt to to:lett or suit pend~ng; and the ful! amount of each and every such ~payment shall bear in>erest from ~he date thareof uroi~ pa~d at the
~.~:e o~ n~~ie per crntum Ner a~uw:n; and alt sa;d cosri, charges and exrenses ~ncurred w pa~d, toyether w~th wch ~nte~est, shail be secured by the li~n of tki
mortgage.
6. That (a) in ~he event of.a~y brrach of th~a Mortgage or defautt on tF~ part of the MORTGAGOR, w~b) in the event any oi sa:d s~ms of money
he~ein referred ~o be not pranptly and fully paid wnhin ~hirty i30; days next aher the same se.era:!y 6eco~~e dx and payable, withoui demand or not~cc,
or (c) in the evem each and every ~he stipu.auons, agreemenrs, condrtfons and covenama ot sa.d prom~sscry note a~x! th~s mortgage any or eirher are not
iuly, p~pnpNy and futfy perFormed, d,schargrd, execvied, effected, completed, compi~ed with and ab~drd Sy, then in enher w any such event the sa:d ag-
~~egate sum me~t,oned in sa~d promissory note tF~en remaining u~pa~d, with imerest accrued, and au moneys secured hereby, shalt becwne due and pay
eb'e to~rhwith, or thereafter, at the opt~on of sa~d MORTGAGEE, as fuliy and comp:ete'•y as if a!! of the said sums of money weie or~g~na~ty s~,pv.ated
to be pa~d on such day, anyihing in sa.d pro:mssory note or in this MwTgagr to the cororary not.v~~hsfa~i:.~~ny; and ~he~eupun o. tF+ereaFter ai the oµ~.on of
s~'d h10RTGAGEE, v~itFout not~cr or demand, suit at law or in equrty, the~efore or thereafier beg~n, may be prosec~ted as if atl moneys securrd hereby
h,:d malwed pnor to ds ins!itution.
7. That in the e~ent ~hat at tha beginn~ng oi or at any time pending any su~t upon th~s Mortgage, or to fo.eclese it, or to re{orm i~, or to enfo.ce
payment of any cia~m: hereundar, sa~d MOQTGAGEE sha~: appty to the Cev~t hevin~ ~ur~sd.c~~un theteol ior the ap;~an~~nem of a RecE~ver, such Court si,ayt
forthwith appoint a rece~ver of said mortgagcd proptrty eil dnd s%~~gular, ind~d.ng a:! and singu~ar t1:e ir,te~ne, pr~f~ts. ~ss~es a~d re.~•r,,cs tro~r. v.h.tnver
so~r~e der;ved, each and every of v.h.ch, i~ t~r,ng expreas'.q vnd~•rstood, is F.ercby morigagrd as i4 spec.f,~ally set forth and C~e~C~~L~~.:d ~n the g•a=~r~~,g a~:d
habendum dauses her<of, and such Receiver shati ha~e a~l tRe br~ad ar.d efizcr~ve funct,ons and po.vers in any.:~se e~~trusrrd by a C~:;~r tc d kt,_~.e:, a~ d
s_ch appointment sha11 be r.,ade by such Co~.:rt as an adn~rtrd equity ard a matter of aLso.~te right te aaid MJRivAGEE, e~~d w::..ut rei~;~ cr to ti~e
adequacy or inadcq~acy of tF.e va'ue of the prc+perty mortg,ged ur to the so.veney o~ insu~vency of said MORiGAGOP. or the d~ d>-•s. .s--~ rh,i s~ch
i.~•~rs, profits, income, issues and reven~es sha~! be appiied by su.h Rrceiver accord~~zg to the lien or rquiry of Sa:d MORTGAGEE a~.d :t;c E:~a_i~.:e of such
Court.
8. To duly, prompt;y and f~ily , erform, d~scha~ge, execute, eifect, comp(e!e, comph~ w~th and ab«+e by each and ever ~ the s~'pv ae:o~,s, a3~c. ~:~nis,
ccnditions and covertants m sa~d prom~ssory nete ar:d th;s mortgage set forth.
9. That in the event rhe ownersh~p of the morrgaged pre~n~ses, w a~,y part ti:erect, becomes vested in a person other than !i,.~ r: ::R;GAGOR, v~e
h'.ORTGAGEE, its successors and ass~gns, may, w;thwit ronce to the .VIORTGAOR, deal wrth such wccesso. or wcccssor ,n ,r~r.~sf v.~ ~~~:~~•,•.ce t~ s
r o:~gage and the d•~bt hereby secures! in the same manner as w~:h J'dorrgagor w~rhout in any way vitSating w d:scha•g!~~g the l. r•y.:go:s' i~an~ ;ty h~re-
unaer or upon the aeuf ne~eoy snu~ru. i:u sd;r ~~.e r,e~~~:a~, L,. ...,,,:y:.yC~ c~ f__`^---~ •ti~ e~.A rAl~Qlc;Af,tE ~r ~ts s:,ccesscrs
c. assigns and no extenz~on of th._~ time for ~he payment of tne debr hereby secu~ed g~ven by the MORTGAGEE or ~ts wccessors er oss g~~s, ~:.o~~ u;.e~are
ro release, ducharge, mod~fy ~hange or affect the orig~nal liab~i;ty of the 6tCRTGAGOR here~n, eitner in whoie or in par~.
10. if is speufically agreed that time is of the essence oF this cantract and that no waiver of any cb~tgatton hereundcr br of the o~:igation se-
wred he~eby shali at any time thereaher be heid to be a wairer of the terms hereof or of the inurument sec~red herby.
11. In add t;o~ to tfie farego ng mc~'hfy palm:nts of princ pai and in•aresf ~equired by the prom sscry no'r s~=u-ed hr~~_b;, merrg,3or co+e~ann
a~~d agrees to ,~ay to n:or+gagee x,rh eath mon~h'y F,ay~nent an add:r,onal wm esr~n ated bp mo+tgagee to be eqva~ to 1 12 of i;.~ ~n.,;,a{ cost of the foliow-
ing: •
i"~
A-Aii real p~operty eax~s lev~ed e: ass:~ss_ci a^y.9i•'~S2 tF._ aL•ove desc.i~;cd real estate.
B-Fr_:n~;,ms on fre ond r.ir.dstor~n ~ns~~a: ce as here~n req~:r:d tc be car:ied on rhe :~proveme.its s~tvare an ibo dbOvC d:5a;bcd ~:reRUSes.
C-Prerr,w:~•s on wch mort~~ge gua~anty ir.w:a•c~ as mortyagee s}~a~l frcn, t•me `o rme deem fit to ta~ry on the loan sec~red hzreby.
Mongagee sha { frcm nme ro f~^~e nc~~lY mo~tgagc+ ;n writir,g of the a^-ou~t d~.,e and payabie hereundrr and such su~n shait ther~upon be due and
: 3,able on ihe due oate of ~he nexr monthiy pay~~:ent and eacn s:.ccess~ve month thereaft~r u~:tii mcrtgagee shal: not[fy mortgager of a chaa~ge in suth
~-cum. Such s~ms s~a:l be ap~::~ed by mcstgag~e tor.ard the F,a~n~ent of reai proFerty taaes, i~surarece prem:ums, a~~d mortgage ,AW~aqjr insurante
n,e~niumi- . - h~•~ . '
..•e;. : ~
IN Y/ITPJE~S i~+H:R~Of, the sa~d hiORTGAvOR has hereunto set his ha~~d and seal the day d year fiist aforesaid. ~ ~
S~gned, Seated and de!ivered in the presence of: ~ `~i~'
~
ay,n d E . Fo3~eraan • ,
~ (See4
: Y~ r (SeaA
_
~ Betty A Forei~an ~ . ' ~
' y ~ ' (Seap
~~i;;
SiATE OF FLORIDA . / ~ ( ~ n~ ~
COUNTY pF St . ].L1Cle _ ~
Before me personaity appeared Raymond oreman . and
retty A. Foreman his wife, to me well known and known to me to be
th~ ind:viduals described in and who exec~ted ths fwegoing instrument, and acknow~edged before me that they executed tne same fw the purposes
rhe-ein expressed. And the sa~d_ Betty A. ~OZQ:flRTI '
' ,:Ife of the said Ra yrtnond E. Foreman upon a separate and privata
~ ~Yam~naKon by me taRen sepa~ate and aprrt Irom he~ sa;d husband, acknow~edged to and befote me t at she executed said iqstrumeN freely and votun-
rar~ly and v`~~thout any compulsion, constraint, appreher.s.on, fear of or from her sa:~husbend. ~
WITNEaS my hand and offiual seal this_ ~ day of_ ~ " ~OV bBr A. D. 1973
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~ . ' ~ ~ ' ~
• IV"a PubKc in 3nd or Stat "of Fiorida el large
My Corf~nision expires-- - - - '
Return To: ~y mm~~5ibn Exp~t~S ~3~lUa~'~l 1~~ 2~7~
fint Federal Savings 6 loan Associat:on , - -
Of Fort P er~e.
Fort Pierce. Fior~cla
?1 lE0 ~1N0 RECa p
fT. ~Q~E C0~?NTr~
E OItRKaC RG~I OOIIRT
I This lnstrument Pre ared B John W. Collins R ~
P Y [C0~0 V~i~lfllp
First Federal Savings & Loan Asscciation
of Fort Pierce, Florida ~ '~j~ . ~ ~ ~
vl/
Checked ByF~
' 2~~3~Q ~
~~e~ Pa~f~.2?Q
;S