HomeMy WebLinkAbout1646 3. To place e~d coni~~~~ousty keep on ~i,e b~~'J,~.~s now o~ h~rrofier r~~~te on ti,.~d land anJ o~ ait rq:~~~:~»~•~r d peno~a~i~ co~~«d by thls mo~tg~
e9e, w~th all prem~ums thereon pa d~n f~:l, t~~e +~uwo, cr ;n ~ne vsual s~anda~d ~w~:cy form, in a swn aHpr~.~•d b~ ~Iw 1r~RtC,:.GEE. a~~d w~~~Jstunn
~ns~ranca 7n ~he us~al s1anJard po:,cy fo~m, in s sum aFpro~rd by ~ha h10RTGAGEE, in such ca»pa~~y ur con~pa~,es aa ~h~ ti•.ORiGAGEE may
d•rec~; and all (i~e and w~ndstorm ins~rance poGc~rs on any of smd b~~+d,nys, any enltresf Iherein or part th~:cof, in ~he aggr~~gare sum aloresa~d w
in eacess ~hr~euf, sha11 :onra;n the usu~l s~ar.dard morrg,,yae cJause or auch ofhe~ da~se as ~he Mo~tgegae nwy rryu.re, moAu~g tY:e .eas u~~~r~ s~,J po~i-
c:es, each and evrr~, pa;~b~e ro sa~d ASJRTGAGtE as ~~s u~~~~r~st ~nay appear, a~~d ee<h and erery ,,,ch P:,:.c~ si+att br pro~npriy ass g~:.d a~ d de•~•cr~•d to
any heid by sa:d MORlG4GEE as iunhe~ s_wr;ty to s.~id ~~~or~gag,; de6~, and, not lese than ten (10) days in ,~J+m~ce of th~ e,p~~a~+on of .:och pot~ty. ~o de-
I~ver to sa:d Ml7RTGAGfE a renewal ~t~e~rof, fogr~hNr ~r.iih a ircelpt for the prr~n~um of soch renrwa~; and there sha;l be ~w fee o~ hl~.as~c.~m ins~rar.ce
placed on any oS sa+d bui'dings, any int~•rrst there~n w part e1+e~eaf, un1=ss in the form and w~fh ihe lcss payab'.e aa aferesaid; and in the e+ent any sum
of mo~ey brcomes payable ur,der such pollcy or pol~t~es sa~d MORfGAGEE ahall have ihe opt~on ro rec~ive and apNiy th~ sanie oo aGCJJ~II of the ind~bi~d-
ness secured hereby w ro permii sa~d ~AORTGAGORS ~o rrcr+.~e and use n or an~ Na~t tLe:~af ter ~rr~•-r i,ur~,cs.•i, r..~h..,r ~h~•..,~ .t_~.,.,,~ ,:r ,•,p,:~•-
ing any equ~ty, l;en or nyht ur.de. o~ by virtve of this mo::gsyc; and in ~he event sa.d MURTGAGORS sha'.I for any rraaon ia~l to keap ~he sa~d prem~:~•a so
~nsured, or fail to deliver pranptly any of said policirs of insuran~e to sa~d MORTGAGEE, or fai~ pio~r.plly to pay (uily any pre~n~~m ther~for or in any
respect fait to pCtfarm, dncha.ge, ex~=cute, effect, co«~plrte, co:nply w+~b and ahide by th~s cove~~ant, or any pa~t ha~eof, sa~d MURii,AGEE ~nay p~ace a~ e
pay for such insurance cr any par? thereof wnh~,t waiving or affecting eny option, lien, equ~~y, or r~yhf ~nde~ w by v~~~ue of this Moitgage, and the
f~•11 a+»ovnt ot each a~d e.e~y such paymrnt sha(1 br i,nmediatety due and payable and shall b~ar interrst irom the date thereof unfil pwd at t~e rate o1
~~~:~e per temum per ann~:n and to~~•ih~•r ~~nh such in~~~r~st shaii t,e se:wred by the lien o( Ihis mortgage.
1. To pemiit, cpmmif u sufler no was~e, impaim:em or drtar~oration of sa~d property or any part thrreof.
5. To pay all and singular the costs, charges and expenses. ~nc!~ding e reasonabte attorney's fte and costs of abstracts of tit!e, incurred o? pa~d ar
nny ti~i:e by sa~d MORTGAG.E, becauae or in the e~ent o~ ~he fa;iure on the F~~= of th~ sa,d AtORiGAGOR to duly, pron:prly and f~~ly p.:rform, d~sth.~~ge.
eaecutr, eHeU, comp:e~e, ca~~pty wdh and ab.de by each and eve~y the st~p;,lahons, agreements, conditeons. and covenann oi seid pfo:n~;sory note and ~h~s
n:origage any or ei~her, aiid sa.d costs, cha~ges and expenses, each and every, shall be immrd~atety due and payable; whcrher or not thr~e be nohce da
mand, attempt to col~ect or s~]t pe~d,ng; and the full amount of each and eve~y svch payment sha11 bear interest from the date the~eof until paid at the
r.~re uf n~ne pe~ c.:nwm per an~wm; o~~c: all said tos~s, ci,a:ges and expenses uuurred or pa~d, together w~th wch ~nterest, shall be secured by the lien ot th,•
morlgaga _
6. ihat (a) in the eveN of any brrach of th~a Mortgage or defaulr on the part o4 the MORTGAGOR, or (b) in the event any oF sa'd sums of money
herein refe~rrd to be not pro~npity and tully paid wi~h~n th:rty (30; days nex~ ac~~r the same sr~e~a'~y heco•ne due and payab!e, wi~ho~t de~»and or no~ke,
er (c) in tha evem each and every the stipu;ai~ons, agree+nenrs, condrt~ons and cover~ants of sad p~o:nissery note and fh~s mortgage any or e~~her are not
iuly, prompt~y and f~lly performed, d:scnarg,~d, exec~ted, eifeued, completed, comphed ~v~th artd ab~ded Sy, then in e+ther or any such event the aa~d ag~
~~egate sum mentior~ed in sa~d prom~ssory nore Ihan re;z~a~nin~ unpa~d, with interes~ accrued, and a~l moneys zec~red hereby, sha!! becoma due and pay-
au!e forrh;virh, or theieafrc~, at fbe opr;on of sa~d MORTGAGEE, as fully and comp,erely as it all of the sa:d sums of money werz ong~na~ly anpu:ated
ro be pa~d on wch dcy, anyfhing in s~.d p~om~ssory note or in this htortqage to ~h>_ conrra~y no+x~+hs~and~:~g; and thereupon or the~eafter at ~he op~~on of
s+.d MORTGAGEE, wnhout norice or demand, suit at law o~ in equ~ty, ?hereiwe or tl~ereafrer brgun, may be prosecutrd as if all moneys srcured hereby
r.:d rnatured pr~or fo ~ts ~nstdunon.
7. ihat in the event that at the beyinn[ng of or at any time pend+ng any suit ~pon th~s Mo:tgage, w to foreclose it, or to reform it, or to enforce
G'ayment ol a~y ci.,i:,,s he~eunder, :e~d htC)RTGAGcE shati app!y ro the Cu~rt havmg ~~resd.crdon thercof fw fhe appointmem of a Receiver, wch Cuurt shaU
fc:!hwirh app:,~nt a rece~ver of sa~d morrgayrd pro~rty al~ and s~ngular, inci~,d.ng atl and s~~.g~iar ~he income, prof~ts, issues ar.d reven~zs Iro~n whote~er
sa•,rce de~ived, each and every of whkh, 1t beu;g expresa~y undentcod, is hertby merigaged as if speuf~calfy set ferth and desc~ed_in the g~annng and
h;t,endum ciauses h~:r~of, ar.d such Recziwrr shell havr ail the broad and effecrive funcr,cns and pov~ers in anywise em~~sted by,a Cou~t to a Recriver, and
s_:h appo~nrme.~t shall be made by such Co~rt as an ad•nitted eq~ity and a mane~ of absolute r:ght to sa~d MORTGAGEE, and without reference to the
eci~-q~acy or inadeq~acy ol the va(ue oi the property mortgaged or ta rhe so.vency or ~nso:vency of sa~d M.ORiGAGOR or 1he de(cndants, an~ ;hat such
r.~•,rs, prof]ts, income, issves and revenues shall be app~ied 6f s~ch Rece+ver ac:ord:ng to the Gen or eq~~ty o} sa:d MORTG:~GEE and the prac~ice oi such
Court.
8. To duly, promptiy and fuEly perlo~m, d~scnarge, exe.ure, efiect, co..y~!ete, cuR~pt~ w;th and abide by each and eve~y the st;pu:ations, agreements,
:~~ditions and covenanrs ~n sa~d promissbry note and th~s mortgage set forth.
9. That io the event rhe ov,nersh~p of the mortgaged premises, o+ an~ part thereof, becomes vested in a pe~spn o~her than the MORTGAGOR, the
~RTGAGEE, its svccessors and assigns, may, without notice to the \10RT{',tiOP., dea~ xith wch wccessor or svccessor i~ interest wirh rete~er.ce to this
n~o~rgage ar:d 1he debf hereby secured in the same mann,;r as with ti!ortgago. witha~t in any way vit.ating or d~scharging the f~lortgegors' Iiabflity he~r
ur~.der or upon the deDt hereu~ se.ured. No sa:e of the Fremnes hereby mortgaged and no forbearance on the pa~t of the /~OR(GAGEE or its successors
or ass~gns and no extens~on of the hrne for ti;e pjyment of the debt he.eby sezwcd give~ by the h10RTGAGEE or its wccessors w ass gns, a~~all operate
to reiea:e, dacha:ge, mod~fy change or aifett the o•~g~nal liau~lity of the MURTGAGOR herein, e~ther in whole or in parL
10. It is speuf~cally agreed ~haf time is uf the easerce of this cororact and that no waiver of any ob'~gat~on he+eunde~ or of the obligation sr
cured here~y shafi at any time th~~~eafter be he:d to be a xcr:er of the rerms hereof or of rhe insrrument sec~red her6y.
I1. in .cid cc~ +o r~ e foregc r:,o~~th:r pay+n_nts e! pr,ec ~.al and enr~~rest requ~~ed by the pronisscry n6'f• sc~cured haraby, mortg33or eovenants
+-~d egr=es to pay to n:o-tg~gee wi:h each r. ;;n~h'y p;a~• ~e•+r an ad;i~non,~l sum ese~;, ;~ed 6y mortyagee to be equat to 1, i2 of the onnuai ces~ of the fo+Iow-
3:
A-Alf reai ~,repeny taa~s :e•i~ea or a;sess~d ag:~•~sr ih~ above desc~;6ed r=al es1afe.
6- Pr~~r.:;,~::s on fre and .,;r,dste~:n inwrarce a> i,e~r~n roq,:red to be ca:ri..d e+: the ~mproveme~ts s:tuate on the above d_scribed premises.
G-Pr~•~niums o~ s~~ch rr.o:t~-,ge guara~;ty ir.surar.ce as mortgac~«~ shail frc~n s me to ri~ne drem f~t ro carry on the loan sec~red hereby.
Mortgagec s~:~ !~a~n ti:~,•_ to t,n-,e ~~onfy mcrtgagcr ~n v.ritmg oi the a.nowt due ard payable hereundrr and wch sur.•. tha!t fhereupon be due and
:_~;abfe an rhe ci~e a~~e oi the ne,~t month:y paym.~nt and e~ch success~ve m,o•~!fi tt+ereafter u~:t11 mcrtgagee shatl noCfy mortgagor of a change in such
:,uM. Such su~ns sFa:i tK app:,ed by mortg;yee to.va.d tne ~;ayment of real property taaes, insurance prem.ums, a id mort~ag~ ~~aranfy inwrance
~•emiums.
!"J ~'~ITtJE55 :='HERLOF, the sa~d ~dORTGAGOR has F.e~eunto se! h~s ha~:d and scal the day and year first a4oresa~d.
'J~~ai~n~ed, Seated and elive ed in the presencG of: ~r - /1 ~ i?
?LJ/ 1 L~7')")~-.n•' ~ ~t`L•~l' .
~witne ' ' ~ ~ , ,
; T mas H. Avir tt ~~ai~
_ l ' ' - k~~' L2~2.F~ n ~
lCt~t F / (Sea!)
Wi~n - _ Carol C. Avirett ~~a~~
~~ATE Of ~iORIDA -
`~JU'JTY OF ~I
rt.r~f~i~ _ ~ ~
Before me personally appeared T~mas N. Avirett, Jr.
and
CaYOlyl1 C. Avirett _ h;: wi~e, to me well known and known to me to be
tne inJ;+iduals de:c.~bed in and who ezec~ted ~he foregoing iwstcumem, and acknowtedged before me that rhey exec~red the same for the purposes
~hvein expressad. And the aaid__CaZOlyA C. Avirett
+,:fe of fhe siid ~M10IOa5 _H. Avirett _isr
! upon a separate and private
e~am~qat~oR by me~taic.e~J separate and apart from her said husband, acknowledged to and before me that she executed said insrrumeM freely ar.d vo{um
ra~dy ~q~yw'
~FSo6t a~y compUlsion, consrra~nt, apprehens:on, or fear of or from her said ly~sband. _
•W1T((ES$ x~ tq~ ~nd officiaf seal this_ ,,L~-+~/~" day o£ A. D. 19 74
.ti ~ ' ~ f .
h 4 r1 . , _ ~ _ '
~ ~ • r~ Notary ~ ~ic in an ior the State of Florida at large
- ~ = ~ ' My Com ~ssioo e p'-es:
- , . • ~IUM TO:
Fint'<Fede~!'al .Sa~irr~s; E Coan Associar~on NL~TARY Pilu`ir, ST;TE'f FlC":~.C.ti,ai 'i'•":G~
MT COhtl.~l~.,1G:. -,i~ ~:~?-5 "t. 19, 1976
:Of ~o,i P ._r~~. BONDED THRU GE:~E~ihL I«SU.r11uG )~~~%KiYK!'.,:R$
Fo?r p~erce. Flcrid~
FlLEO ~k ; ~OED
St. lUC r. s~M ~ r FIA:
This Instrument Prepared By John W. Collins R~5 ~
First Federal Savings 8 loan Association CtrhR COURT
of Fort Pierce , ~'lorida ~ ~ 7
Checked By 17~ ~ $ 55 :1 ~
5 z~s~93 ~
224 en~E~.s~
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