HomeMy WebLinkAbout2944 3. Tp place and contirwow:y 4tep on the Gu~ J~ngs nc v a~ hrrraiter ~~tujte on sa~d i~nd and on ali cquipmeM ar~d perSOna!ty :~vered Lr ~tus mong
ege, with ~ll prrml~:nf thereon pa J:n tull, f~~e ins~~anca m tne w~at sto~xlaid ~x.:~ty farm, in a wm aE-p+v+ed by ~i~e MIiREi,AuCE, and w~~~dsto:m
;nsurantt in the usual standerd poi:cy lc~m, in a w~n app~o.ed by the hSJRTGAGEE, in 3vch co+*~pany or co~npa~nci as thi !'Ap2iv.AGEE ma~
dtrcct; and a11 iire a?d w~nduo+m i~~surance poLcies on a~y of sa~d tw~ld~~gs, any interrs~ Iheir~n or patt tha~tw', in fhe aggreg3!e sum afo~eso~d u
in excess Ihe+eo/, shali contain ~he us~e! stand,ird r»o~~g.+gre tiavse or such other cle~se ai ~he Mo~t9agte mey requ~rt, moAing Ihe ~GSS ~ndrr ~,•d poli-
c~es, each and etiery, payable ro sa~d MORIGAGEE as ~~s ~~~r~rft m~y ap;,ear, and each and e~ery such po:~c~ shall l:r promNfly assg;~-~ a~~d de~~.cr,•d ~o
eny held by sa~d MtIRiGAGEE as further seturity to sa~d matgage debt, and, not less fhan fen (10) days in ed.ence o1 thr ew~.icat~on o~ each pol.cy, ~o de-
Gvtr lo said A10RIGAGFE a renewal Ihereo(. toge~ha~ wi~h u recr~pt (or Iha prem~um ot auch ~en~wal; and ~here aha;1 be ro i;rc or ,,vi•:dste~m i~jsurance `
placed on any of s~;d bu~!d~ngs, any int~rest thcrr.~ or part thereof, ~ntess ~n the fo~m ar,d w~ih the loss payabte as afwe:aid; and 'e^ ehe e.ent any ?um ' `
of monay becanet payeb!a undrr such Mo~,cy w poLc:ea se~d N,QRlGAGEE shall have ~he opron to rece~ve and apNt~ rhe sa~ne on oc,.o~n1 of tne ~nd<ot~>d• •
neas secured her'rby or to pe~m61 sa~d A10RTGAGORS to receive and use it or any pa~f ~iw:eol lor o:h~r p„rFCa~•s. .•.~~ho•:t ~i~:r•.:. .ti.:..:.,~ v:. ;:,:~r-
~~g a~y equ~ty, lien ur nyht undrr or by virtue of d~is mc-'yaga; a~d in thr event sa~d MORIGAGORS shall for any reason fail to krep the sa~J prem;s:•s so ~ -
~nivrod, or fael to dellver pro~nptly any oF iaid pol,cies of imurance to sa+d MORiGAGEE, or fa~l p:amptty to F:ay tulty any ~~*r•:~~um thcr~for or in an,
respect fail to pe~form, dEscha~ge, exrcufa, effec~, complrtr, comply wirh and ab~de by th~s wve~an~. w any part harrof, sa~d MORIGAGEE may piace a~.o ~
~ay fd such inswence or any perl thrreof w~tho~1 Naiving ot alfedii~ a~y optio~, tien, equ~ty, or right under or b~ virt~e of this Mertyage, and th~
f~ll anwunt of ~ach and every such payment sha!! 6e ~mmrd~a~ely dua aRd payable a~Kl s~all taar intere.t from the datz thercoi unt~t paid at the r~re ut ~ ~
nine par cemum ~er annvm and togrt~ar wi~h wch i.Zter~~se sha~~ !~e se.~rtd by the lien of th~~ mortgage.
To permii, commit w suffer no waste, impa~rm~n1 0+ deter;oretion of sa~d property or any part therrof. ~~k
5. To pay all and singular the ccs~s, charges and expenses, hui~d~ng a reasonable attorney's fee and costs of abstraus of tit~e, incuned or F,:a a:
,,~y tin:e by sa~d MORiGAG:E, because w in the ecent of the fa:~ure on tne part o( ~he said MORTGAGOR to duly, pro:~iptt/ ar.d fu~~y per(wm, duc?~ar;7e_
e~ecute, et(eU, canplere, comply w~th and aF~,~le by cach and rvery the a~~pwaf,ans, agree~nents, co..di~ions, and cc+vena:~!s of sa+d pro:~~~swry oote a:,d !F:~s
n~ortgage any or a~ther, a„d aa~d cos~s, charges and expenses, each and every, shall be immed,atety due and paya6!a; whethe~ o+ not thr~e be nct~e< di
mand, attem~t !Q col~ed or suit pend~ng; and Ihe fuil amount oi each and e~rry such pay~nent shall bea. imerest (r.~m Ihe date therrof unril paid et N~G
oE n~ne per t.,ntwn per annu:~~; aaL au sa~J costs, cnarges and rxrenses ~ncurred or paid, toyether w~th s~ch ~ntecest, ahall be sec..red by the i~en c: tL:s
mor Igage.
b. Tha1 (a) in the evem of ~ny breacir of this Mortgage or defautt on tt~ part ol ihe h10R1GAGOR, or (b) ~n the e1ent any of sa:d suma of r.io ~Pf
hereen refened ~o be not prwnp~ly and fully p2id witk~n thvty (30) days nc,~t aiter the aame se~er~:ly becur,e due ard payab!e, wiihov! ci~am„d o+ na.ke,
or (c) in the event each and every ~he sGpv+ations, a~rreme~ts, tondinons and co~enants of sa.d promisso~y aote and th~s P~ti9e(j2 sny or ~r.her .,-c nut
ivty, promptly and Fu:ly performed, d:schargCJ, rxec~.~ed, effectFd, tanplated, tomp::ed wi~h ar,d ab:ded Sy, ~hen in o~ther or a:~y s;,ch rve:~;t the sa.d
~~egate sum men!ioned in said p~o~~~ssory ~ate then rema~mng w~paid, with mtere;t aar~ed, and ail moncya secured hereby, shati bt~o+ .e d~: ~=~ri r~.~-
ao:e forthwith, w thereafter, at the op+ion of sa~d ti10RTGAGfE, as i~iiy arx~ compieteSy as if af! of the sa;d s•.~~ns o1 money wer2 ~..•;~rw:iy s~:p•,'.:re~
to be pa~d on such day, anytn7ng in se.d prom;sso+y note or in this Murtgage to the contrery not.rithslandi:ig; and +herrupon or thrrea~ter at thr .;ri~.~n e~
sa:d A10RTGAGEE, K'~t~iCV) ~m~cr or drmar~, au~~ a~ taw a in equlty, therefore or ~f~rreaiier begun, may be giesew+ed as if al1 mo.te~s sec;.rr! }cr=c>>
r~_d maWred pr~or tc .ts institvtion.
7. Thet in the event that at the beginn~ng of or at any ti~ne pe~ding any au~t upo~ this Mortgage, or to foreclose it, or to reForm it, or tc+ enfcrce
paymen? of any claerns herew^.der, said MORTGAGEE sha~t app!y to thr Co~~t having ~w:sd~ct~on tF,ercof for the appoSntment of a Receiver, s:;cA C.:.-~t ;!,~.i
tcr!hw;ith :.ppoint a rccc~~er of s~id mortgagrd prop?rry al1 and s:~~la~, ir.t!vd~ng al~ and s~n~u~ar the imm~:e, prolds, is:ues ar.d te,+n~es frc~s 1R~:.'2vE•
so:rrce derlved, each and every of wh ch, be;ng express'.y wxie~sto~d, ~s kereby me:Tg;ged as :f spec~i~cally set fo~ih end descnbad m th? y.•enL~~y ar.d
hs!~endum cEavses hereof, and wch Rece~var sn~Si have a~! ~he hroad and effecnve funcr.c::s an~f pv.,~ers in anyt•r~s~~ L'A)IJS},J by a ~ovrt to a kec~:•.rr, a~~d
s_ ch apFcii- :-nent shall be made by suth Ceurt ai an ad•virt~.d eq~;ty and ~ aner uf a'_~so...~e r.gF.l 1:~ sa~d A:DRTG:.G~ E, esed n:'f..u! tetere,Ke to the
ecequacy or inadeq~aey of the val~e of rhe prop<:ry mo~rgaged or ~o ~F~e so.ency o. <<,::::r:,cy e( sa:d M,O£"G.4:',"v'R e~ tic- d.-~:;-:da•,rs, .,r.c rF,? s,:h
r~r::rs, protits, incort~e, iss~es and rever.ves sha!~ ~ ap,~i~~d ~y such kec~~Yer ac,oid:•.3 to tt~E .~.-n cr cqo~t/ oi so.d /.10K~v~~GcE anei ~?~e pracric_ o? s~ch
Court.
H. To dufy. Fi~ptly and f~fly perform, discharge, exF:ut~, ef~ect, co•r.{zi~te, cec,u~y ~v~!h end ab~da by each and every the st;pv:a+icns: a~ree~~rnts,
conditions and tovenants !n sa~d pr~missory no•e and tn:s mortgage ser for~h.
9. iFat in thc ev~rtt the ownersh;p of the mortgao~ prem.iu-s, or a~~y part ti,erecf, becomes vested in e pe~s~n ofher than the MORiGAGOR, ~he
':.~RTGAt'iEE, its su.ceuors and ass~gns. may, w~rhov+ r.or,ce to ~he ASOkTG%+OR, dre~ wn}~ :u,h svc:essee or s~ceeszor ;n ~~teres~ ,r:~th reSerence to 1F~:a
~~:~gege ard the clebt hereby secured in the samn rna :ner as w~:h h;errgagor w~tn~ut in a+~y avay viueting or d,schara~ng tre lherry„gori liaoii~ty hzre-
~.:.der ot upon Ine debt hereby sewred. No saie of tF.e FrHn;{ses h~reby rT~ortg_yed ar.d r.o iort,eara~~ce on the part of the ±'AC;2IGAGEE ar as SV~CCSSGtS
er assigns and no cxt~ns~o~ ot the time for ihe pay~nent of the deb~ he.ety secured given ~y the :1.URTGAGEf or ~ts svccesscrs or ass'ges, a7;alt o~,erate i
ro re!easc: d~scha~ge, mod;fy change o~ affett ~he o:ig~nal liab~~~ty of the MOBTGAGOR her_in, either in whote u in part.
10. It is spec~ficaliy agreed that time is of the esscnce ut th~s contract and thai no waiver of any obiigat~an hrreunckr w of tha ob!+gatio~ st
cured hereby shait at any time rhereaher be held te he e wa~.er of the terms hereof or of the instr~nem secureQ herby.
11. In add t~o~ fo ih~ forege~~ig ~r,onth!y payn,~nr: of pri:~c pa! and ir.Trrest rzGv~red by she prom;ssr,ry r.ore secured hereby, m~:rgogar tovenanrs
s-a agrees to aay to rr:o~tQ3gee v.:sh each ~~-on~hiy payr~ens an add.;;onai sum BSt-r~•a~e~ by mpftyaypo tc be equai tu 1,"12 of t:tia annuaE ces: ai th= foieo.•:-
nq: -
A-All real property taxes levied o. assessed ,g~ir.si tnc acove described reai es!a!e. '
B-~rerr.~ums on fue and ~.;ndstor~n i^sv~acce 25 he-:;~n r,~q•~ir~ to be carr~ed en the ~,n~;~ovemen*s situafe on thc ahove ~+e_cril;cd yenuse;.
C-Premlvr.~s on su:h morfgsge g~arsnfy ir,wra~:ce as m.orrgagee sliail iron T rr~e ra r~me dern, f:t to carry on s?^x Soa~ secured z.c-srtry
lfoMgagee sha;i i~om time to t~me nor:ly mo*~gog_r +n ,n,r;tang of the Rr. ~~~t d~~e and payable hereundrr and such w~: shal! the~e~;.an ba due and '
~ab?e on ihe due tiate of tFe next mont~?!y psyment anci eoc5 su:teSs~ve m~~n;h !hereaft^r ur.tit mcrigagee shafi nvNiy RO'!~3 j0f ~f a Ci~~r,~P ~n such i
' ~;;nt. Su[h s::ms s!~eii be aµpli_d by •~w~tga;~e tor:ard the pay~r.ent of reaS property taxes, insurance prem;ums, a.-d mo.tg~~z yv;:~.:~ty ~nsu:a~;ce ~
, •emlums.
IN ~~ITPiE55 ':JHER:OF, the sa~3 MORTGAGOR has hereunto se: h;s hand a~d sca! the day and year first aforesatd. -
` Sigoed, Sea+ed and deiive~ed ' the preserxe of: :
; ~ ~ t
` L' ~ W , [R6 ---____-(Sea~
- -!Seai) .
:y
_:Sea~)
~~.~„~..a.o ~ G2or ia Lee - _.__!5eat}
; ~~.;1E OF FLORIDA ~
Lucie
~:~urartr oF St. ~
~ Befwe me perwnai~y eppeared _ .10~U] j.$B _ e~
; _ . Glor ia Lee his wiie, ro me well knorrn and know~ to me to be
~ tha indiv~duals descr:
-:d in and who executed the fo:ego~ng instrvment, and atknow~edged before me that they executed Ihe sa:nH ier sne purposes
the~ei~ expressed. Aod tM seid_ Gloria Lee
~ r.:ie of she said _ W. Lee _ opa++ a separate end prrvate
~ c'~dT+Rdf~Ol1 by me taken separaTe-!nd apart from her said husband,~ atknowledged to anti oeforp rs~e that she executed saed iostrumeret freciy a:=d voturr _
r +~~~.y ard w~thpUf'any,~ompuls~; cprystraint, apprehens.on, pr fear of or fryn her said husband,
. • e.
' ~Y11~NE5S my. hand~ anN`ofP~ai seal this__. _ day of- _r A. p. :qT^~3
~ , .
~ . - ~ - ~ -
'v ~ r~ ~ f1ot~:y Pubfic in and tar t Sfate of fiorida at targ.~
i • _ - My Comm~ssion expires: ~
: "~Qetum T~: _
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f~nt {ede7ral Savingsf/..~,~lssociat~on
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" : • ~'FRr~ P~~~S~~'F~or~da MY Comm'•~ r: - ~
; ~ , . - Bonded bY .n .7 ?ts pet. 30. 1lf~
. r:~t ~ Cc~uof
- b Ca.
~ This Instrumeni Prepared By J. H. Robez t s JZ .
; First Federal Savin s 8 loan Association '
of Fo
t Pierca Florida ~ L~D RfiJ R~~~~~E~ . _
1~. ~U~tE GGUM Y /tA•
~ R4t;[R 30~1R/~3 t~f'
Che ked 8y ~~fFK C~It;WT OOUItT ~
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