HomeMy WebLinkAbout2433 3. TO pl,sce and cominuouily keep on the L~i:J~n~s nuar w hereafter ~~Iua1e on said fand and on all eq~iyment and penonally co~ered by ~his mw~g-
egs, w~th all premiurn~ thercon pa,d in fufl, f~re inswancz m the ~suel standa~d pol~ty ~o~m, in a ium appro~ed by ~he MOR~GAGEE, a~~d wmds~o~m
~~wr~nce in ~he usual srandard pol~ty form, in a sum •ppravad ty ihe MARTGAGEE, in such con~pa~y o~ co~npan;ea as ~he MOR1i,AGEE may
d~rect; and all firs and w~odiTOrm insvronct poGcirs on any of taid b~iid~ngs, any inleresl therein or pa~t thereol, in the aggr~gare sum atoresaid or
in excess thereof, shat! conra;n the usual s~a~~da~d mo~egagee clause or auch o~her clause as Ihe Matyagce may ~equ~re, mak~ng ~ho io~~ unJrr sa~d poli-
ues, esch and every, payab~e ~o sa~d bIORTGAGEE as ~b ~n~cre?t may appear, and each and every such potrcy ahatl be p~omN~ly ass g~~rd a~~d de~~~errd ~o
any held by said MOR(GAGEE as fur~her sec~rity to w,s! mortg~ga debt, and, not less fhan ten (10) days in advance of ~he expiral~on ol each poiky, to de•
liver to said A\ORiGAGEE a renewal thereof, togl~her with a roce~pt for the pre~nium of ~vch renewal; and ~here shaU ba no fi~e or windatu~~n insurance
a~ated on a~y of sa;d b~ild~ngs, any ~ntrrest there~n or part rhereof, unleas in ~he form and wifh the Ioss payable as a(oresaid; and in the evertt any svm
of money beceme~ payable under s~ch policy a pohcios sa~d MORTGAGEE ihall have the opt~on to rece~va aqd apyty the same on accoutv oi ~he indeb~rd- ;
ness sewred heroby w ro permit said MORTGAGORS 1o receive and us~ it or any pa~l thereo( for ome~ ~.Ui~`O1G3. v.~tllG~t ~h~r.u~ wa~~;,~ cr u~~pdn- ~
ing a~y equity, lien or right undrr or by virtue of this mo::~age; and i~ the event sa;d MORTGAGORS shaq for any reaso~ fai) fo keep the sa~d premiscs so
insured, o~ fail fo deliver pro~nptly any of said polities o1 insura~ce to u~d MORTGAGEE, or iait promptly Io pay fully any prem~um the~efor o~ in any ~
~eipect fait to perForm, discharge, execute, effect, complete, comply with and ab~de by this covenanl, or any pert h.~reof, said MpRTGAGEE may p:ace a,•d ~
pay for s~,ch insurance or any part ~he~eof wnhout waivirg o~ aff~cting any opt~on, lien, equ~ty, or rigM under a by virtue oi this Mo~age, and the ~
f~ll amount of each a.~d every such paynient shall he immediately due and payable and shall bear interest from ~he date ihereoi umi( paid a~ the rate ol `
i
~~~ne per centum per annu~n and ro~ethcr „~ith suth interest ~haii be setwed by the lie~ of this mortgage. ~
1. io permit, comm;t w suf3er rto vvasfe, impairmrnt ot deterioration o) said property or any part thereof.
5. To pay all and singutsr the costs, charges and expenaes, including a reasonabk atlo~ney's fee and costs of abstract~ o( title, incurred or paid at `
any time by sa~d MORTGAGfE, because w in the eveM oi t!x fa~lwe on ~he part of ~he said MORiGAGOR to dufy, promptly and ~~Ily perform, d~scharge.
exrcute, effect, complete, comply w,rh and ab:de by each and eve~y the stip~lanons, agreements, condiuons, and covenants of sa~d promissory note and ~hi~
mortgage any or ei~hcr, and sa:d costs, charges and ezpcnses, each and eve?y, shall be immediately due and payable; whether w not there be no~ice de
mand, attempt ro col!ect or suit pendmg; ~nd the futl a~nount of each arx! every such paymertt shall bea. interes~ from ~he date thereof unril pa~d a~ the
r.,re of nine per cenrum per annom; aod all said costs, cha~ges and expe.~ses incurred w paid, together wnth such interrst, shall be secured by the lieo of th~s
mwtyage.
b. That (si in the event of any breach of this Mo~tgage or defautt on the part oi the AiORiGAGQR, or (b) in the event a~y of aa:d svms of money
h~rein referred to be not promFtly and fully paid within ~h:rty (30) days next a{~e~ the same severally become due and payab~e, without demand or ~otice,
or (c) in the event each and every the stipu~ations, agreemems, cond~tior+s and covenams of sa:d promisso~y note and th~s mortgage any or ei~her are eot
i,,~ty, prompNy and fully performed, d~scharged, execured, effectrd, completed, compGed with and abided by, then in either w any :uch event 1he sa~d ag t
gregate sum mentioned in said promissory nore then rr~naining vnpaid, with inte~.st accrued, and all moneys secured hereby, shali become d~e and pay- (
able forthwith, o~ tfiereafter, a1 tF~e opt~on of sa~d MORTGAGEE, as fulty and compteteiy as if all of the sa7d sums of money we~e w~g'~naUy snpwated
tc be pa~d oo such day, anything in sa~d p~o,n~ssery note or in this Mort a e to the co~t~ar not~ithvandi~ and thereu ~
9 9 Y ~9: pon w thereafter ai the opt~on of
sa~d MORTGAGEE, w~thout nonce or demand, suit a~ law w in equity, therelore w thereafter begun, may be prosecuted as if afl moneys secured hereby i
n~d marured p~~or to ~ts irtstitut,on.
7_ That in the event that at the beginn~ng oi or at any time pending any su;t upon this Mortgage, w to iweclose it, or to reform it, or to enFwce
payment of any claims hereunder, said h10RTGAGfE shaft apply to the Co~rt having ~urhdkction theceof for the appoi~tme~t of a ReceFver, such Covrt shali
tor:hwith appoint a receiver of said mortgagrd prope~ty a~l and s;ngutar, incfud,ng all and s;ngular the income, profns, issues and revenues from whatever
ic~rce derived, each and every of wh:ch, it be~ng expres:ty undersiood, is herrby mortgaged as if spec~ficatly sN fath and dexribed in the granring and
hahendum dauses hereof, and such Recaivr. shail have a? the br~ad and effective funct~ons and powers in anyw~se entrusted by a Goun to a Receiver, a.~d •
s~ch appoinrme~v shatl be ~,ade by such Couri as an adzni~ted equity and a matter of absolute rlght to sa~d MORTGAGEE, and without reference to the
ed~yuacy w inadequacy of the vat~e of ehe p:operty mortgaged or to the fo~vency or lnsoivency of said MORtGAGOR or the defendar,ts, and that such
~enrs, profits, income, issves and revenues shei! be app;ied by such Receiver accordmg to the lien w equity o( said MURTGAGEE and the praUice of wch
CouA.
8. To dvly, promptly a~d fully periorm, dis_ha.gr, execute, effect, complete, comply w~th and abide by each artd every the stipulations, agreemen:s,
cond~tions and covena~ts in sa~d promissory note and rh;s morrgage set torrh.
9. That in the evertt the ownersh;p of rhe mongaged prem;ses, or a+~y part thereof, becomes vested in a person othe~ than the MORTGAGOR, the
.'.ORTGAGEE, its wccessors and assi9ns, may, withou~ not~ce to the MORTGAOR, deal with such successw w succeisor in interest with refere~ce to this
~ o•tgage and the deot hereby secured in the same man~e~ as w:th ;loitgagu~ w~thout in any way vit;ating or drscharging the /nongago~s' lia5ility here-
u~:der w upon thr debt here6y secvred. No sate of ttre ptemiyes hereby mertgaged and no forbearance on the part of the MORiGAGEE a Ns successws
or assigns and no extens~on of the ~ime for the payment of the debt hereby sewred given by the MORTGAGEE ar its s~ccessws or assigns, a5ati operate
ro re!ease, d~scharge, mod;fy ~~ange or aifect the orig;nal liab~i~ty of the lJMORTGAGOR here~n, either in whole or in part.
10. It is specif~cally agreed that time is of the esser.ce of this contract a~d that no waiver of any obl~gat~on hereunder or of the obiigation sr
cu~ed hereby akaI~ at any time thereafter be he:d to be a wmver of the terms hereof or of the insn~ment sewred herby.
I1. In add ~:o~ ro the forego ng month'y oaym=MS of princ pat and imerest iequ~red by ~he prom;ssory nore secured hereby, mortgagor covenants i
e~ d agiees to pay to mo:tgagee »,rh eac'~ m;,ntniy p~ymen~ zn add~rfonal sum esnn:ated by mortgagee ro be eqval to 1; 12 of the annuat cost of the follow- '
i
#
q-Atl real ~roperty taxrs le•~f_d or assessed aya~nst th~ a6o.e describcd real estate. ~
B-Prem~u~~,s on fire ar.d w~r.dsrorm insuracce as herefn reqv:red to be carri.d cn the ~m~;rovemenrs s~tvare on the above descr;bed premises_ `
' C-Prerniurns on such morJgage guaranty ir.suraace as mo~tyay-ee sha:l frorn t me to tfine deem fit to carry on the loan setured hereby. ;
hlongagee s~a~l frnm ~i~ne ro r;•r.r ~crif; mortgagor m wr~ting of tne amo~nr due a~d payabte hereun r and such sum shall thcreupon be due and ~
.,~vable on the dve date of the r.ext mor~thly payn,ent and eath successire month thereafter ~r,tit mortga~e shalt notify mortgagor of a change in Wch
r~unt. $~ch wms 36ai) be appimd by mo.~gag~e toward the payment pf real property taxes, ins~ra~ 7 em:u , and mortgage guaranty insuran.e
~ ~cmiums.
IN Y~tTPJESS YIHEREOF, the said MORTGAGOR has hereunro set his hand and sea! the day a~y r firs afo~qsaid^/
i ned, $ealed and deliver " the ~ r
9 presence of:
~Ii~O f.h ~ ficv~~ ` `
~ A t in L. Br a ~an
Rvr,i i r''u:18A5 f5eal)
CIEn~ .ti:..T C^U~~^` (Seaq
- Q`"~~ roth A. ro an -
(SeaQ
SiASE OF FLORIDA ~ I ` ~
~~~~~~rY oF sT, wciE ~ ~ , ~
Austin L. Broqan
Before me personatty appeared a~
Dorothy A, B;oe~an his wife, to me weli knowr~~ali~~~~~(1y~to be
rha individuats described in and who executed the fwegoing instrument, and acknowledged beiore me that they executed~'tri~
~herein expressed. And the said Dorothy Broaan ~~~~~~_.•••••~~'_~~~r~i~ f
+~ife of the said aUStli1 L.. Br0 a ~ ~J.~ ;
QpperW
etam~naKon by me ra(cen sepa.are and apa» from her s band, acknowledged to and before me that ahe executed sai¢irjtitrtq~fil f~el~nd~~1-
rjniy and w~thout any compvts~on, cor,itra~nt, appreh o, fear of or er id husband. : Q~ 1` 0~`*~ y
WiTNESS my hand and officiel seal this_ _ d of Februar ~ ~~t
1 / y ;
1L~I ~f~ ~ ~ ` 4L
.i [
i
Notary Public in a~d fo/ ti?e State'~~Flori~1~.~~p ;
My Comm~ssioi txpiies: ' <•a .1 C ' .
Retum io: !?~.~.I}?~~ i1~1~ {
First Federat Sav]ngs 6 loan Assodat.on ~
Of fort P~e:e~. ~
Forr P~erce, itor~d3 tiOTARY FUCUC, SThTE ef iLORIDA at U1RGE ~
R'Y GG'•..- ~:~StJ'i EX~'IRfS IAN. 7, 1971. ~
~JAGaL 'J/ i. I~~~l~+.d!1 lid:i~.ei5 ~i~SJ(3f.tE CiO.
' Y
This Instrument Prepared By Robezt A. SwiSher~ JY. ;
, First Federal Savings 8~ loan Association
of Fort Piercey F lor i da
Checked By
r._~
~ ~23 ~AGE 243~3
~
.
~