HomeMy WebLinkAbout2122 3. To ptace and continuo~sty keep on the b~~'d~ng~ nc~w or he~eaf~e. ~~wate o~ seid land and o~ all eqv~p~t~rnr and pe~sonall~ cover,:d by this mwr9-
ege, wirh al) p~em~ums thereon pa:d i~ iu!!, f~.e inswance m the usual swrxJud pohcy form, in a s+.m ap~xo+Nd by the MUR~t,AGEE, and w~nds~am
fnsurence in the usual irandard po:.cy for~n, in a s~m appro:rd by the MORTGAGEE, in such company o~ compan~es as ~he N,ORfGAGfE may
dirKl; •nd atl fire and w~ndsto~m inwrar.ce poiiues on any of sa~d buifd+ngs, any inteiest ~herein or pa~t thr~eo~, in the agg~cga~e iwn a'.aesa~d or
in eacess ther~of, shall contain the ~suat standard mor~gagee c:ause a such mha c~ause as Ihe Mor~yagee rray ~rquue, mo?ing the ~oss unJr~ sa~d poti- '
cies, each and every, payab!e to sa~d h10RiGAGEE as ~t~ m~eres~ may appear, and each and every such po5cy sha11 be prOmpfly ass gned erd de.~.er~d to •
any held by se~d MOAIGAGFE aa fwihrr s:curity ro said mortgage deb~, and, no~ less ~ha~ ren (101 days i~ ad+ance o~ the expirat~on of each pol~cy, ~o de-
liver lo said MORTGAGEE a raxwal thereof, together w~th a rete~pf for the premium of such re~ewal; and ~here shall be no fue or w~~~dsr~nn ~nsurante
placed on any of sa~d buitd~ngs, any inrrrest there~n or part th~reol, unless in fhe }orm and wi~h the loss payoSle as aio~esaid; and in the eve~~ any sum
of money becomes payable undrr such policy or po6c~es said MORiGAGEE shall have the op~~on to rec~ive e~:d appty the sa~ne on aao~n~ ot the indebtrd-
neis sKUred htreby or fo pe~mit said MORTGAGORS lo ttteiv~ and use it or any part t1~e:eof for ori~~~r pu , osrs. c.:++~.~t fh_.~ .:..i.~ y o~ ~•.pa~+-
ing any equ~ty, I:en w nghl under or by virtue of this mo~tgage; and in the evrnt ia:d MORTGAGORS sha11 for any ~eason fail to krap the sa~d premis ~s so .
insured, or (ail lo deliver promptly any of said pohcies ol insurante to said MORTGAGEE, or lad promptly to pay fuity any premwm th~•refer o~ in any
renpec~ tail to perfo~m, d~scha~ge, execute, effecl, tomplete, co r,ply with and abide by this covenant, or any part ha~eof, said MORTGAGEE may p~ace a•~tl ~
pay ior such insurance or any part ~hereof w~~hout waiv~n~ or affeuing a~y opt~on, lien, equ~~y, or r~gM under w b~ v~~we of ih;s Mo~*gage, ar+d ihe (
iull.amount of each and every such pay~nent nhatl be ~mmediateiy due and payabfe and shatl brar interes~ irom the date thercof uniil pa~d at the rate of ! ~
mne per cenrum per an~um and toga~hcr a~th wch imerest shati be sacvre~ by the iien o1 this mortgage. -
1. To permit, commit w suffer no wasi-, iinF+airrnent w dete~~oration of sa~d property or any part thereof.
S. To psy all and singular the costs, charges and expznses, including a reaso~able attwney's fee and costs of abst~acts of t~ffe, inc~ned or paid at
any t~me by said MORTGAG:E, because w in the event of the (a~lurt on the part of t1+e said MORIGAGOR to duly, promptly and fvlly perform, d~scharge.
_•xec~te, effeu, complete, camply wuh and ab.de by each and every th+ st~p~lano~s, agreements, condinons, and covenants oi aa~d pro:n;sspry note and ~his
-:orrgage any or ei~her, and sa~d cosri, cha~ges and expenses, each and every, sFall be immedia~ety due and payabte; wh•_the+ or not the~e be no~~ce d~
mand, attemp~ to coliect or svi? pend~ng; and the (ull amount of each and every such payme~t shal{ bem inferest from ~he date thereof uotil pa~d at the
r..te of nine per cent~m ~:r ann~:n; and afl said costs, charges and e~pe~~ses incurred or pa~d, fogather w~th suth ~ntereu, ihaQ be secured by ~he i~en of thu
motlgage.
6. That (a) in the event of any breach of ~his Mortgage or default on fhe part of the MORTGAGOR, or (b) in the event any of sa;d sums of money
ierein referred to be not promptly and fulty paid wnhin thlrty ~30? days next afte~ the same seve~a:ly become due and payab!e, wifhout demand or norice,
er ~c) in the event each and every the stipuiarions, aqreemenrs, cond~r~ons and cove~ams of sa.d prom;ssory nota and th~s nwrtgage any o~ e~ther are not
~~;y, prprnptly and fuily per(ormed, d.scharged, eaet~tad, effeded, canp;eted, compGed w~~h and ab~ded 5y, then in eaher or any such eveM the sa~d ag
~:egate sum mentioned in said pronuSSOry nore then remaining unpa~d, w~th imere;t acuued, and ati moneys secured hereby, shal! become dve and pay-
ab:e fonhwith, or rhe~eafrer, at the opt~on of s~id MORTGAGEE, as fully and compterely as ii all o{ the sa~d wms of money vvere or,g,na~ly st~p~.ared
ro be pa;d on such day, anythin~ ~n sa.d pro~n~ssory note or in this Mortgage to the cororary notwlthstand~~~g; and ihereupon a thereafter at the oV~~on of
s~:d MORTGAGEE, wirho~t not~ce or demand, su~t at law or in equity, rhe~efore o? therealtei begun, may be prosecuted as if all moneys secured hereby
n~d mawred pnor to ns instituhcn.
7. ihat in Ihe ev?nt that at thc beginning of or at any t~me pend~ng any su~t ~po~ this Mortgage, or to faedose i1, or to reform it, or to enforce
~-~ymeM of any daims hereunde~, sa~d N1pRTGAGfE shai! appEy to rhe Co.ur having ~ur:sd,cr~on thereot for the appointment of a Rece~ver, such Coun shail
rc,rthwith appo~m a rece~ver of sa;d mortgaged properfy all and singular, irulud.ng aU a~d singular the ir.con:e, prof~ts, issues and reverves from whafever
scurce derived, each and every of wh:ch, it be~n9 expreas!y undentood, ~s hereb~ mort9aged as if spec~ficatly set {o~th and desc~itxd in the g~aminq and
h,F,endum ciavses he~rof, and svch Receiver shal~ have a11 the broad and effeaive funct.ons and pov~ers in anyw~se entrusted by a Gou~t to a kece~ver, and
s, ch appointment shalt bc m.ade oy such Cowt as an ad^,nred equ~ty and a matter of absoiure nght to said MORTGAGEE, and w~shcut ~eferen~e to the
adequacy w fnadequacy of the valve of the proparty morrg~ged or to tt~e so vency or ~nsctvency o! sa:d MORiGAGOR a the defe~,dants, ar,d ~hat such
re~rs, profits, incane, ~ssues and revenues shail be appi~ed by such Rece~v~r accordu~g to the Gen or equity of said MORTGAGEE and the prau~ce of such
Court.
8. To duiy, promptly and fut~y perfofm, discharge, e,cecvte, et~ect, compiete, comp;y wirh and abide by each and eve~y the stipwauoas, agrern,ems,
:onditions and eovenann in sa~d promissory nece and th~s m~rtgage set fonh.
9. That in the event the ov~~ership of the mortgaged pre~n~ses, or a:iy part thereof, becomes vested in a person other than the MORTG.4GOR, the
.'~RTGAGEE, its successors and ass:gns, may, wh~out ncnce to ~he MORTGlOR, deal wrth such successor or successo~ ~n ~rtteresf w~rh ~etr~e+ue ~o th;s
~re•igage and the debt hereby srwred in the same manr.er as with fAortgagw w~thoul in any way vitiating or d~sthaig~ng ihe tAortgogors' liability he~e-
der or upon the debt hereby secvr~d. No sa:e of the Fren,~ses hereby mortgaged and no forbearance on the pan o4 the 1I10RIGAGEE w its successors
c: ass:gns and no e,etens~on of rhe nme far rhe paymene oi ri:e debf hereby secured given by the AhORTGAGEE or i~t successws or au!gns, a~.all operate
ro re!ease, d~scharge, mcd~fy char.ge or affect ~he orig,~al Gab~:,ty of the MORiGAGt7R herein, either in whofe or in part.
10. It is speuficaliy agreed rhat time is ef the essence of this contract and that no waiver of any obGganon hereunder or of the ob'.igation se-
curzd hereby shafl at any time thereafter be he:d to b? a wo~~er of the terms hereof a of the instrumen! setwed herby.
11. In add.re~ to rhe fote9G r;7 •rpr,lh'y F,ay,r±_-n+; of n~;~c aa'~ ar.d i~re,es~ requ~red bY the prom,sscry no~e sccu.ed herzb~r, mortg~gor covenants
d agrces ~o pay to mo•tyagee •n~~h each n•~n•n:y ;~3~; :~nt an add,~ionaf wm esr.mated by mortgagee to be equal to 1. 12 of the annua; ~ost of the foilow-
~ 1~
A-Ali real prope:ty !axrs le~ne~ o• ass•:ss_;i Ny ~f ,sr nc~ ak ~ve desc+ibed ~_at esrvte.
B- Premiu ns on fire and vvir:dstenn ~nsurar.ce as her_~n requ~red to be car~~rd cr, the improveme~ts sitoate on th: above d_scr;bed premises.
C-Prem~~rns on wch n:ort~sge g~aran!y icwra .e as mo•Igagee shap from t:me to time deem fit :o carry on the loan secured hereby.
Morrgagee sna'1 frcm t~me to t~~ie rc~~fy mortgagor ~n wr~nng of the amovnt due and payabte hereundar and svch surn shafl there~pan be due and
.~,abte on thz due da!e of the ne,~t mo~th:y paymenr and each successive ~orth the:eafter umil mcrtgagee sha11 not;fy rnortgagor of a change in such
. ~~t_ $uch sums sFa:i ~e ap, :~ed oy mort~ag ~e tor.ard !he payrt~ent of reat prcperty taaes, insurance prem.um.s, a,~d mortgage guaranty insvrar.ce
•emium3.
!N \NliNf55 V.HFREOF, the sa~d 1'.1CRTGkGflR has hereunto set his har,d and seat the day and year first atoresaid.
' ned, Sealed and detivered _in the presence of: ~~~f~
~ , ?y_ .~i Ll~K1.~~p
4. '~ory S epston Coffey ~~a~
r ~ 1LE~i L/ o {SLaI)
z„ ~ o --Z. - Naomi Tec~der Cof ey ~~a~~
, ~
J
i 5'ATE OF FLORIDA V ~
Lucie
:~ur~rY oF St. ~
~ Before me personally appeared FIDOl~/ Swepston Coffey
' arid
i ^ Naomi Tedder Coffey his wi~e, to me well known and known to me to be
~ rhe individuafa descr~bed in and who executed the foregojng inst( ument, ~d p5jcrtowledged befwe me that tt~ey exetuted the same fw the purposes
i rherein expressed. And tF~e sa~d_- N~Oml T@QdQY (.OZZQy
; N~re ot the sa;d Emory Swepston Coffey ~~f
upoq,~~~}~a al~ari~ p.i~a?e
r
( e.am~na.~on by me taken separate and apart from her said usband, acAnowledged to and before me that she exetuted said iMtrunFe~i~ reel ~ndyoluo-
; ~~~+~y a~~d w~thout any cornpulsion, ccnsTraint, apprehe , q~,fear of or from her.said husband. r: ~ ~ t•. Y~~^. ~
~ WITNE55 my hand and official seal this__ L~L day of"" " cember A• D. 19.2 ~3
~ \ ~C~ i~..= T 1 • ~ ~
~ ' Notary Pvblic in and for the Sti~te'6f~FlQi~s La~ -
~ J~ ' ~
My Commusion expires: J ~
Retu+n To: _ Y j : ~ ; ~
' First Federal Savings b Loan Associarion J~ C
~ Of fwt P _:c~ • ~i~~ • ;
`
~r S`•`~. V'
~ ;r ~r Ecc~;?ie~.y,. .4L±l•.
Fo•t P~erce, iioriJ3 . ° ~ ,t+~~~~
. ~~:.,.,~s :ar~ . '1+3t)` ' ` ~
, . ~ r ~2•~~~n L:::ktrs 1rs:,rr,:r - .
This Instrument Prepared By J~ H. Robertsf Jr. ~1{pRECOiI~~
_ First Federal Savings & loan Association s~'~~~E COUNIY
- of Fort Pierce, Flor ida ROGER 40~TRAS
+ CLERK CIftCU1T COURT
' Checked By RECORD Y`-`~flEO
~ GR ~ ~ , ~ g 54 ~M'Z~
@C_~K~~~ p~.F~~~i~
; . 2'70239 .
7