HomeMy WebLinkAbout0103 3. Ta p'ace end cont~•r„a.sir kcep on tl:e b~:::Jr,gs r~var or 3,~•r,.,itr~ s,~;:,ta on s,:d ~a:id and .:n a': rq.,,;H,..rn~ and prrsona;!y co.crcd by ~h~s creg-
n~e. w~th all ptemwo:s rl«•r~~~n {.,J ,n fu~l, t~rc i~•,s..~a ~n iiic ~su~l s~~,~:lard ~,o~cy lo:m, in a s..rn aHyw.rd b~ rhe Atuk~L,AGE~. ."d w~,:i:u;~m
~nsvranct ~n the usual s~~,~J~rd po:.cy fu~~n, in a sum o;.y ro,~-d Ly ~he A1~~RTGAG:E, in such co~npany c~ cc~~~~•an es as ~he tdO~tI:;AGEE may
d~teC1; and aU 1~~e a~:J v~.~tJaturm i~lsu~anc~ po'~urs on any of sa~d b:,~:d.a:ys, any inter~st there~n or E;art thc~e~f, in the ag9r. gar~ s~:.} aforesa~d o~
in excess ~h~rcof, sf,~;( ,,.nt,;n the uwa~ st~ed.:rd n,orrg.3~ae c!~use o~ sucb oihz, ~i~,;sa as ehe Mortgayee may ~r:~v.~e, nwGng ~h~ ~css u~~~~•~ s.~~d po~i-
cies, each and e~ery, pa,,~:;r ro sa~d A~JRiGAGEE as ,~s ~~~tar~st ~nay a~~Frar, a:,d ~arn a:,d e~c~y wch F,o~:c~ 5f:3iI ~~C ~,romp~:y assy:~ed a~~d de,~1~r.•d ~o
any h~•Id by sa:d 1dORtC,qGiE ~s fv,-~h~r s:cwrty io s~~d ~no r~~~e d~t~e, a~~J, no~ t~ss ttmn ren (10; days ad.e~Ke ol rhe eap~~ot~on oF eo,h pot~cy, ro de-
live? f0 said /;10RIGAGFE a renew.,l tht~rof, togethe~ w~th a recr~pt for 1he prr~~~~~m ol s~th ren~v.a1; a~~d-H~rre sf~~;i
Le no I~~e o~ v.~•~ds~c•~n insu:ancr
placed ori any of ialJ Lu~!d~„gs, any i:itereit there~n or par~ ti~ereof, un;es: ~n fhe fo~m and wdh Ihe ~css payab!e as aforesaid; and in ti~e e.e«~ a~~y sum
of mo~ey becwnes paiab:a ~~adcv ze.ch poGcy or yoLc~es saJd A'.ORIGAGf[ sh.ill have ~he ou!:on to ~ec~~re .:~~d ~p;,'i the same on ac~o~ni oi the i~~d~•:»vd~
neii Setured fi2«by or to p~r~~~~t ye~d MuRTGAGORS t0 t~C~~ivN ,~nd ~se it or ,nr i.,rt th..;~•of Ycr c:~ , r {.ur; ~se;. ,..~i•,,..t 'h .;r ~:;~..r.
ing any equ:ty, t.,;n or r.ghf w~drr or by v+rt~r of th~s mo~~gage; a~,d in ~i~z ev~nr sa d MQ~2'GAGORS she!1 f~r 3ny rcason fa~l to keep the aa:d pre~~usn so
;nsu~ed, or fail to de~~v~~r j:~on,p~~y any of s~~d poLeies of insur,;nce to sa d MORTGAGEE, or fa~t pron~ptiy to pay fully any p:e~~~~„m thorefor o~ in any
respett fail to perfcrm, d,sch~rgr, e:rtvtt, effe~t, tanple<<, to:~:Nly with and ab:de by this tovcn3nt, or any part h~rrof, s~~d A!v21GAGEE may piat~• a~~o
pay for such insur..nce or any part thareof wnho~? waiving or affecting any oyt~on, lien, equ~~y, or r+~ht under o~ 6/ v~rtue oF this ?dortg,g~, end tht
f~l1 amount of each and every s~.h palmrnt sha~l tx immediateiy due and payabie ar~d sha11 baar interest from tha date tncreof until p~id at the rate of
n~ne per cenrum par a~~n„„. „n:i w~~~u~~•r ~nirfi such inc~rrst sh,,~~ s~•c~red by ehe Len of Ihis mongage.
4. io perniit, cemn,it or s.•ffer no waste, impairmen! or d~orriorot;on of s~~d property or any parf thereof.
S. To pay a~! end Sir.a~~13~ the ccsts, tharges and expe~~ses, ~nuud~ng a reosuneb!e attornry's f~e and costs oi abstracts of title, incvrred or p~id at
~~y ti~r.e by sa~d R,OR?GAG:E, Deca~sc or in the rvent of the fa.lure on tnr p.,rt of the sa~d MORTGAGOR to d~~y, pro•i~p~ty and fu~ly pert~nn, d~scFjrge
_ xzcvte, effett, comp'rte, canply w~th a~id ab.de by each and every the shpcra!,ons, agreem~•nts, conditions, and covenants of sa~d pro~ni>so: y note and ihis
mortgage any or e~~her, ar.d s~,d cus~s, charges and eKpenses,'rach and e~r.y, shail be immed~atety due a~d payabie; whe~her or not there be nor,ce d~
m,,nd, attempt to to:lect or wit pend~ng; and the ful~ amount of each and e~ery such payment shall bea~ m~•rrest trom ihe date thereof until paid et the
r.~~r o~ n~:,c• ~er ~..r ,:r~L ~~i ia[d c~>~s. cna:ges a, d ix;:~,es ~ncunrd or pmd, t.x~ct}~er w,~h such ~ntcras!. shali be sewred by tne i,cn of th:s
mortgage. , .
6. That (a) in the event of any brrach of th]s hlortyage or defau!t o~ the part of the f~.ORTGAG04, or ;b) in the event any of sa-d sums of n:oney
herein ref~~rred ro kx ,~ot pr~~,~y,Uy a„d fuily pa~d w~ii~~n ~h;rty i3U` days ne.t arrc•r fhe sa~ne se:era'!y beco+~,P dve and payab'e, w,~huut de~nand or not~ce,
or in thr eveM each and evcry the shpu.anoris, agrce:nents, cen~i;?~o~~s and co+enants of sr d prO ~~isscry r.ote and th:s rt:crtgage any Cr e~the: are nof
~,,ly, promptiy and f~;ty reriurmed, ~i s:t~arg._d, exec~red, efreUetl, co+np;eted, co~+~Ni~ed wnh ano ab~ded 5y, the~ in e~~h~~r or any such event the sa~d ag
3•~~gare svm mentw~ed ~n sa:d pron,lssory ncte tnrn rer,.aining ~npa~d, wuh ~~.trri;t acuued, and a~: monrys secvred hereby, st~a~t bzceme d~e and pa~-
~o:e forthw~th, er therea~~<~. at the ouf,on of :~,d MORiGAGtE, as fuily ~~w~1 comp!ereiy os it ali of Nsr sald sums of .r.oney were or~g,na!ly s+~pu~ated
ro bc pa d on svtb d~y, a~ry±h~:~g in ;a.d prom:saory note or in this h~ortga~e to ~he connary nor.v~thst~~~d~~~9; and ~hereupo~ or th~ren}ter at the o~:~~on cf
s~ d R'.ORTGAGEE, w.~hcut nor::~ or d~•~nand, su~t at iaw or ~n equ~ty, ~h~~efoie or thereatter beg~n, r.~,ay be proseccted as if alt moneys sewred hereby
n,d matured p~~or lo ns institut~on.
7. Ihat in the even~ that a~ rhe beg~nn;ng of or at any t~me pe~eding a~y w~t upon rh~s Mo*rgage, o. to foredo:e it, or to reform it, or to enforce
F~ayment of any cleims here~:~:i~=r, sa~d f1tU4iGi+G:E shaii ,pN'y to th~ Co~rt }13Y1''.3 ;~~~sd ct:on th~-reot for the apf~o~ntment of a Receiver, wch Court sf~a~l
ic; thw~rh appoint a rece~ver of said r,.ortgay=-d property a~~ and sin3utar, inr'vd r~g ~:1 ared s+~.g:: ar rt;e income, proi~ts, ~ssues aad revenues fro:n wh,t~ver
s_~rce de.~ved, each a~d every of ~vh!ch, it be~ng eapress!y und~%s~uud, ~s tereby rt:ortyagrd as ~f spec~fical{y set forth and describrd in the grent;ng a~~d
t~~brndum ciavses hereof, and such Recrivrr shal~ ha~e a1i the b~sad and eftiecnre funct,o"s ae~d po:.en in anyw~se enrrusred by a Cv~rt ~o a Recrive~, a:.d
s:ch appG~ntment shalt ~ m,~de by such Ccurt as an ad:.,;ft~~d eq.:~ty and a n.ae~er of e!~so:ute r,ynt to sa~d MORTGAGEE, and wi;hcut relerEnce ~o ti~e
adrauaty or inadequacy of tF.e va~ue of the property rnortgaged or to tiie se,vcncy or :nso~.encj of sa~d t10RiGAGOR e~ tt,e detcr,dr~!s, a~d ~h:,t svch
~e•~ts, proiits, intome, i:su~~s end rever.ues shaii br app;~ed by such Re<eeve~ ac:o~d.;;g re thr i~en or equ~t~ ot sa~d MORTGAGEE end the praU~cc of s~ch
CouA. '
8. To dviy, pr~mptly and f~,1y perform, d[s:ha•ge, exewte, effe.t, tomp:ere, corr.~:ly w~tF, and ab:de by each and every the stipu;atiens, agree:nents,
~onditions and covenants m,a~d prom~ssory note a:id ih~s ~nortya~e set forth. '
9. That i~ the event the ow•,erzh~p oi tnz morrgaq_-d premises, or a~,y p~rt ti:ereof, tecomes vesled in a person other than the h10RTGAGOR, the
:'.7RTGAGEE, i+s s~:cessors u•.d ass~g~es, ~~,ny, wl~hout n~;:<<- to ~h~ ;.;:JRIGrOR, d_ai .vith scch suc~essor or successor in ;merest .v;th refere~ ce to th,s
~~'o~tgage and th~ d~ct ht:cby sewred in tne same :e:aru~er as v~,vh t.,_r.g,~o• a:th;;vt in any way v~r.ating or d~scharql~rg !he .'.1o~rg,~go~s' liatiGty here.
.ie~ or upon fh~ d_bt h_re..r s-_.~:,d. ~:o ;3!e o1 tne Frrn•is~s h_~cb; n:o~fgagrd a~•d no !crbeara.:ce o~ ri~e part oi the /AORTGAGEE o~ its s;,uessors
~~r dSS~qrS and no erre.~s:on o! rhe na:~• fcr ~he F~rmen+ of the debr h-,~ei,y set.ned gi.•en by the thURTGAG'.E or rts wccessors or ass:gns, ~~~ait operare
ro re~ease, d~scha:ge, mc,d~fy c?~angz or affect the or~gmal liai,:~:t~ oi the h'ORi(',AGOR t~er~in, either ,in whoie or in part,
IQ. )t is spec~iec.rl;y aoreed that t~me is of the essence c4 rh~s co~:trar and that no waiver of any ob`::9at~on hereunder or of the obEigation sr
c~rzd hereby shai~ at any ti~r~e ihcrea'rrer be h:!d te be a wai.er of the terrns hereo4 0~ ai the i~~strumem secured herby.
l l. in a:fd t:o-~ ro r6-, ior~ze r.,oo+h'Y l.3y~~'=~ts of pr~-,c pal a~:d ~•,~..res! req:.,~r_d by the prcnrssery ne~c s~~:~red herrb~. mortga~o! eovenants
d agrees to pay ro n.e: tyayee ,r.ah e~ch morth y:;ay:. ent ar aJ:~.ncna's su•n ,:s,;, at~d b~ mortgage2 to be eq~al to 1. i2 oi t1~e on:wal cosi o{ thc foiiow-
A-All r:al p~o~,:~; ta¦rs t~+~:~ C' 3SY7SSC!1 „y i,st ri~~ acov~~ dezc~i~~d r~_al esrate.
g Fr .^.~u ra c~ f:rE a~,~ ~.icdstor,n ms~r,~ ce as ner•~n .cq...r:d to br ec~~~. d c~ rhe :mproveme~rs si!vatr on th; above d~sr•rbed prem;ses.
C-Prern,o:~•s o•> >u_~ rv~rg;ge gvarsn!y ~rwrarc. as m_rt~ay^e sh3i1 frc^ . e r, !,~ce deem fii to earry on the loan secured hc'rfby.
M.ortgagee s^ ::n ~ : rc t~•~~e r,o•;i; n c•r;ogo. ,n H,r;r;;,~ oi ;t:e a.r o_ ~r ti~~ ar.d pa~able hereurdrr and s::ch wv: shai! th~~reupon 6e d~z arid
..}vrb'e on iti~ (IJ2 oeve ot ~n> :r.ontn. j pay~nent a~:d eech SJCCE•55~VC 'T:Of:!h r~,e;eaif_r u~:ti! mortgagee sha'! not:fy mortgegor of a change in wch
o~n*. Su,h s..•.•,s s>~'; k:e a;;;::~_:~ i~y c;crt4a~..e 1o:.a•d *i~e ~:o~,r:c:-.t of rrr.l prcf,..rty taaes, ins~rance pren~.ums, and rt:ertgage y~a.anty inwran.z
. ~~~T11UT5.
I'J ':11?itE55 '::M:F_Of, thc sa~d MORTG~.G~R hzs hereu~fo set h~s h~~,d and sraf fhe day and year first aforesaid.
S~gaesi,~$ea;ed and d~"verrd ' t eser.ce of_
~-i_~ ft~x -~4t_ / ~ ~/l L'~'G L ~ r ~'"Y.c `~L.=C'~ (Seal)
~ ' / !Seai)
, ^~7t~L ~tlX (Seal)
~G~ ' '
- - __.t~ (Seal)
` S'ATf OF FLORlDA ~ _
u.
~JU'.TY OF ,__,~t • __I~l1Cl~_ _ ~
i , Robert J. Townsend a~a
s Before me persona~ly appeared
' _ j(dthryn E. Townsend _ h;: wite, to me well known and knorfn to me to be
~ the i~d~viduais descr~b~d in and who exec~tec! the foregoing instrument, and acknowledged before me that they exec~ted the same far the purposes
> rherein expressed. And the said.___.~-t2lrkn E. Zownsend
x~fe of th. sd,a _ Robert ,J. Townsend _ " upon a sepa:ate and private
; ~~arr.;nat~on by me taten s=.-.a~ate and apart from her sa~d husband, acknowledged to and befo~e me thaf she executed sa~d instrvment freety and volun-
z ~ar~iy and w:rho~t ar.y co~r•pulsion, cons!raint, a~preher,s~on, o r of or from her said husband.
i YJITNESS my hand and offic~a! seal this day or~Februar,y A. D. 19~4
i r~~j ~
- h , -•r - 'iZt)Fp ,l~i"~-~_ V
Not.~ry Pub~~c in and i the ate of F_-~~
5T` .:i:htY r'lA. R~
9~/%~~i
L ~ ~ _ y~ My Comm~ss~on exp~ es: ; , J 1~ ' • ' ~ j~
R~tvm To: fii.~_• : ~ • _ - .
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First federal Sa:ings 3 Loan Associat:on r .r r•~~ ~vt ~
acr~:. ~ - _ . ~ ,'l; ~ ..~L.1~p^ . J ;
O± .-,.rt P . , ' • ` V : Y
i r_. r,: ~ X 1 1' 1~ ~t F.~ ~ 1l~~ ~ f
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_ ~ ~EBZO ~ ~c ~ 4
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~ - ~Z i J~QJ ~,c 7_77 i ~ ~a' : `
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This Instrument Prepared 8y Richard K. Kayes .
Firs! Federal Savings 8~ Loan Association ' , •S'' , = ~
' of Fort Pierce ~ Flo r ida r~~
Checked By '
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