HomeMy WebLinkAbout1034 3. To place a~d co~+rinuousiy ~cep on the Lu~ u:~.gs now a hrroa(ier f~t~a~e on ~a~d tand and o~ a17 rqwpn em and parso~ally co+ercd by ih~s mor~g-
e9e, w~th •tl pre~~:~ums Ihrreon Nod ~n full, Lre ~ns.re~:cr ~n tr~a us~ai sie~~erd po~~ty form. in ~ wm a~pro+ed by the A\QR~`v~VFE, a„d w~:~dstonn
~-:s~rence in Iha uiual s~enda~d poLty to~~n, ~r~ a wm sHpro.rd Ly thz MORTGAGEE, in such compony or tc~r.p3r.:cs as the MO~iCAGEE mey
d~red; and all lire and w.ndstor~n insurance pohurs on a~y of sa~d bu~:d.ng~, any intera~t ~he~ein or pa~t the~eol, in the a~gregore s~~~ atoresa~d or
in extess thrreof, shall :ontain the vsuai stande~d ~nurrg~gte c~e~se or wcR other da~se as the Mo~ty~yee may requ:re, mak~ng the iws unJrr s,~d po~i-
cia~, cach and evr~y, pare:,'e ro said ti1uRiGAGEE as.~}s rncrast may aNpaar, a~~d each and eve~y ~uch p~:~c~ shaN be prornNlty assyncd a+~d de~~+cr~d to
eny hrld 6y sald ;.10RiGAGEE as furtt:e~ a;cuiny ro sa;d ~~~o~~ya3e debt, a~~d, not Iess ~han ten (f0) dayi in adwance of ~he exN~ronun of each pol:cy, to dr
~~ver to ~aid I.tORSGAvfE a l211CK0~ tht~rof, togc~?~er with a rcce~pt for ~he prrmiom oi suth rene+yal; a:~d ti~ore sf~all be no f,re or w~~~ost~r~n insura~ue
placed on any of s.+~d b~i!d~n9s, any inrrrest thcrem or part tfiereo(, unless in ~he form and wdh the lou pay~b~e as a(oreaaid; and in ~he event any sum
of mpney betomes payab'e under su;h poi~cy or pof,ues sa~J 6!OKTGAGEE shaN heae ~he oyt:on to rec_•~+c o»d app!y ~F~e san~e on account ol ~he inda~tcd~
nrai SeC~ted her~by O~ fo pFrrnil a~id IdURTGAGOkS fo trcei~c and use it W any {~.~rt the:aof tcr o:ii~~r {.ur~~~~sri, ~:.~tk~~.,t th~~~ui .•.~~•+~•7 ~r ~:-~p..~r-
ing any equ~ty, lien or nght under or by vutue of this mo:~ga;,~e; and in the event sa.d MORT(~AGOR$ sh.+!I fo~ any rrason (ail fo k~ep the aa~d pre~nis_•a so
~nw.ed, or f3~1 to deliver prumptly any of said poLcies ol ~nsurance to sad MORiG.AGEE, or f,,~: p:omp~{y to pay f.,,:y any p:r~ni~m theretor or in anY
~es,>ea fail to perform, d~sch~rge, eaecuta, e(fed, complerr, conply wiih and ablde by th~s covenaM, or any pert hereo4, sa~d MORTG:.GEE may p:ace a~~o
pay for such insuronte or eny part thereof wnhout waiving w affecting any op~ion, lien, equ~ry, o~ n3M under or by virt~e ol thls Ato~tgage, and tfit
'~;I amount of each and e:eiy s~th paymrnt shall be in,~nediatety due and-payable ar~d shall bear intrrest from the date thercof u~~~i1 p~~d a~ the rate of
n~ne pcr cen!um pet 3r.r:~m ~nd to~~•ther with such int~r~-st shaii i~e sctured by Ihe hen o1 thif mOrtgege.
d. To permit, commit w su((er no waste, impa~rment w deteriorahon of sa~d property or any part thereoi.
5. To pay all and si~g~far the costs, cha~ges a~d expensra, ~nd~d:ng a reasonable atromey's fee and costs of abs~racts of title, incurred or paid at
eny tin~e by said MORIGAG~E, becavse o. in the event oi ~he fa~tvre on the pan of ~ne said MORTGAGOR to d~ly, p~o~~pNy and f~lly perfOnn, d~sc?~a~9e
_,•:cuta, effed, comp:rre, co~nply w~~h and ab.de by e~ch and rvery ~he S1iNu13hO~1S, agree~nents, cond~~~or~s, and covenants of said prom~ssory note and thi~
„orrgage any or e~ther, a~.d sa'd cosrs, charqes and expenses, each and every,- shall be immed+ate~y due and payab~e; wheiher or not ~he~e be ~~o+~ce da
n.and, attempt to coileU or su~t pend~ng; and the :~It amount oi rach and e~ery wch paymenl shall bnar interea~ from the date thereof u~til pa~d a~ ihe
r:i~ o~ ~,~~~e uer cent~rn par an~n:.ti: ~~~e! all sa~d ccsts, c1~a:g~s and ~xpenses ~ncu~red or pa~d, toyathe~ weh suth inte~nst, shall be secured by the lien of th:s
R:ortgage.
b. That (a) i~ ihe event of any breach o( ~h~i Mortgay~ or defa~I~ on ~h> part of the NORTGAGOR, or (b) in the event any of sa:d sums of money
F.~rein referred to be not pro~nptly and 1u~~y pa~d v.~tiu~~ Ih,ity ;30) days next atrer the sa«~e severa'ly becon:e due and payabfe, w~ti~out de~nand or nonte,
er ic) in tha event rach and eve~y +ne snpu~ations, ayreements, cond.oions and cove~ants of sa.d prom~ssory note a~~d th~s mortgage any o+ e~ther a~e not
i,,:y, prompdy and f~ily perfor~ned, d~scharg~d, exec~~rd, eftected, completed, compGed with and ab~drd Sy, then in e~ther or any such event ihe said ag~
3:cgate sum ment~oned in sa~d promisso~y ncre then re~naining unpa~d, wirh infere,t acuued, and aii morn:ys secured hrreby, shall become d~e and pay
-~.e fo~thwith, cr thereafter, ar the opt:un oi sa~d h10RiGAGEE, as tuily a~xl comptetely es if ail of the soid sums of money were onginatty shpu~atFd
c be pa d on wch day, anything in sa.d pro~n~ssory note o: in th~s Mortgage to ihe con~rary ~o~+~~ihstand;ng; and therevpon or thereafter at the op~~on of
s,.rl MORTvAGEE, w:thovt ~once or dema~~d, swt at law or in equ~ty, therefore or thereaftrr begun, may be prosecuted as if all moneys secured hereby
n d matured pnor to ~ts insticuT~on.
7. Tha! in the ev=~nt that at ~he be9~nn:t.g of or at any ti~ne pending any su~t upon this Mortya9e, or to for<clcse it, or to reform it, or to e~force
~.ment of any c~alms here.~rxier, sa~d td'JRTG%+GEc sha~l eprly to the Court ha~~~~g ~u.ud~ct~on the~cof for the ap~:ointmcnt oS a Rece~ver, ~uch Courl shal{
wirh appo~nt a reteiver oi said mortgaycd prope:ny all and singu!ar, inclvd:ng ai1 and s~r.gv~ar ~~~e i^co~~:e, proLts, issues and revenves +rom whete~rer
s. ,~ce derived, each and every of wh~ch, i~ 'oc~~:9 exprrssly vnders~cod, is hereby mertgagrd as ~f speof~caily set fo~~h and descritxxd in the gran~ing a~~d
+oend~m dauses her:of, an~ such Recw~ar bhail hava all the broad and effecn~e funct~cris and pc.ve~s m anyw~se enrrusted by a Cowt to a Recei~er, and
s ch appomtme~~t shaU be rnade by such Co~rt aa an ad:nnt~d cq~oy and a matter oi acsoiurr r:ght to sa~d MORTGAGEE, a~d w~thov~ re(erence to the
a:i_~y~acy Or inadcquacy Of 1Fie va!ve of the property n:or~oaged or tp the so•vency or ~nso.venty of te~d MORTGAGOR or the defendants, and that Such
re ~rs, profits, income, issues and re~en~ea shall be apphed 'oy such Recrwer ac:ord,ng to the lien or equ~ty of ia~d MORTGAGEE and ~he practice of such
CouA.
8. To dv'y, prornNt!y and fu.ly pe~(wm, discha~ge, exec~te, effed, comp!etc, co~npiy w~~h and abide by ea~h and every the stipu~ations, agreements,
-;nd~t;ons and covenanrs ~n sa~d promissory r.ore ~nd thls mortgage set forth.
9. That in the event the ownenhip of the r:wrtgaged prem~ses, or any prrt tnereof, 6ecomes vested in a person other than the MOR?GAGOR, the
`~RTGAGEE, its wccesscrs and as<_igns, may, v+ithour r~ct;ce to thr A".~JR7GFOR, d_el •xnh wch successor w successor i~ interest wiTh reference to this
--tgage ar.d :he d_L~ ~,ereby sewred in !he same mann~r as s:~h ~Ac:rtgago. wrthout in any waY viY:ating or d~schargmg the lAortgagors' ~iabit~ty here-
~e: or upon the debt hr~eb~ se::,red. No sale of rhe F•em~ses h_reby R:ortgagrd and no forbearente on the par~ oi the MORTGAGEE or its successors
, r ass~9ns and no exrension ot nc~ tr.ne 10~ the payment of the debt he•e6y sec~red gi~en by the MORiGAGEE or its successors or ass:gns, si~ali operate
~o re~zase, d~scharge, mod~fy change or otfect fhe orig~nal liao:,~ty of fh~ h10kiGAGOR herein, either in whole or in part.
10. It is speciFfca~ly ag~eed that t~rne is of the esser,ce of th~s conrract and that no waiver of any ob~~gation hereunder or ot ihe obligation sr
E c:;~_-d hereby sha~~ at any tin,e rnereatier be hcld to be a wa~~er of the terms hercot or of the instrumeN sewred he~by.
~
~ 11. In acid t.c~ to t.^ fwege c:~ rr onm r,~a'y•~'._•nts of ~v~r•.c ;,a1 and i~:r:•res! requ•rcd by the p.om sscry no•r setu!ed hereb/, mortgagor eovenants
,i agr^es to pay ro n:or,g,gee ~n~~h each m;~,~h y~..~,~ .<~:t on :d:i. ~ora+ su~ _ ar•_d by rnortg;gee to be eq~a~ to i. 12 of thc annval cost of the foflow-
~ ) A-i,h ~ea1 Hrc~c,*y taa:s ie:~-:~: o. a:s~~ss~,d ay3~,s• tF._ a::a:e desc~~~.cd r:-af estate.
~ B P~. o~:u on t:re and v.i:~dston e:~svr„-:e as i:e~,;n rcq.~.red to be ca•r~~d c~ the u~•rroveme~ts s~wate on the above d~scr~~ed prem~ses.
~ C-Pre~nior.•s on wih ~rG~iJ.qC 9ud~aniy ~ri•~ra~:~ as mo-ryagee sFali frc:c tme to tim~ deem £t to earry on the loan secured hereby.
I.+.o«qagee sh.,i! from t:n~e r~ t~~.~e ~~c•;f~ mo~'gagor m wr:t:ng of the a:rov•~t d~e ana payable hereundrr and wch s~m sha(1 thereupon be due and
Y ,,y+ble on fhe d~~e d~!~ of ih~ near n~o~~thiy pay~nrnt a~~d each wttessive rro^rh ~hereafrer ~r.til mo~tgagee shall not~fy mortgagor of a change in such
? ~„nt_ Such w~~s s^a:i !;e apE~i~_d i,y rnor?ga~~re towa~d ti1~ pa~ment of rea~ property taxes, insurance prem:um.s, and mortqage g~aranty insurance
a -c•~niumz.
~ IN ~'JtTNE55 '.YNcREOF, the sa:d M~ORTG.AG02 has hereu^to set his hard and s~al the day and year first aforesaid.
, Seaie and d' red i the presente of:
~ _ f1i«'~',,"~~t~MTY FlA (Seaq
~ :v i tne es : ST. LU; : t~_ ...'~AS . Ro t C ~ook ~ (~a1)
F9
~ ) -a_~cr _ C ~ r, K:.. ~ J?~ ~~URT ~^t~~ CJ(Seal)
--t -
~ vlitnesses ~F^ - E^ -'r- Chr istine M. Cook ($eai)
~ ;'.=.TE OF i~L~~.c.~ - ` V 1~ 1 ~ ~
~ - ~~'~s. ~ ,~'7560.~
~ ~~uNTY Of . =~•c.~E L`~-r~~ 1
~ Before me personally aP~a.ea Robert C. COO}C and
~ C~'1I1StlI)@ COO~C his wife, to me wef~ known and k~own to me to be
indiv~duals descr~b:~d in and vfho executed the foregoing instrument, and acknow:edged before me that they executed the s~me fw the purposes
: r Christine Cnok
~h,~ein expressed. Artd the said___-.-_--_____ - -
Robert ~00}C u n a s s tr and nvate
:y's r:.fe of the saEd - Po ~ S~ P
; ~~am~nauon by me taken sepa•ate and apart from her sa~d husband, acknowiedged to and before me that she executed said instrument~ff~g~1S/+ap~ voJurt-
4:~ _:-;;y ar:d w~thout any compu.s~on, co^s!rami, apprehens~on,~pr fear of or from her said husband. -
~L/M.~V da or- Febr ua r: ..A ,b,~ T4 '~4
WtTNESS my hand and official seal this_ y
- _ ~ ! ~ ; ; ~
Notary Publ~c in a~d for the State!c~ at tar~e, _
My Comm~ssion expires: ;Y ~ ~ - '
:
~ Return To: p~~. ~ ~Mgb~ :
~ L' -
~irst Fede~al Savings 6 loan Associat;on u ~...,1f.~:lv~_~~~~~~'4:, -
'~:r (~y ~/Y.~~~*-i~..
'-4 Of Fo,t P-_.ce •
: ~.i
Fo~: P~_r:e. Fiori;:e z ~ _ ~ , ,
I ~ I o~ ' / ' . . . . . .
This Instrument Prepared By J. K. ~ober t s, Jr .
First Federa) Savir,gs & Loan Association ¦ ~
~3`-~ of Fart Pierce , F 1 or i d:~ I 4 F~'!!•E
;~i ^ _
Checked By
t; d ~
%s~
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