HomeMy WebLinkAbout1650 3. To p!ace and conf~nuo~s~y keep on tnr 6~~~ d,~.~s nuw or hrrr~i~er s~t:,e~e on s.:~d Iand and on aC r:Z,,~N~:~~nt and persu~a!ly to.r~ed bY ~h~s rno~tg-
age, with all prem~wns therevn paJ ~n full, Rrc ins~~~~:ce .ri rh< us~,~i st~:~ci,rd ~,ot;~~ iorm, in s sum o~.pw.ed by ~he h1Jk~:,:.GEE, a~~d w.~~d:~wm
~nsurance in the uwal ~eand,~d pu:.cy iorm, in a s~m eppro:uJ 1,y ~ha AWRIGAGEE, in s~ch tanpany cr co:»pan.es as ~he h'_ORiGAG'.E may
direct; and all (ire a::d ~a~ndswrro ir.sv~a~ce ~:oGc~~s on any o1 s~~d bu~~d.n9s, any ~n~er~st there~n o~ port thc~rot, in 1he aggr~g,re S~i~~ ifC~2S3~d o~
in eacess thereof, shalt cont,,;n the uswt si.+nd3rd n~o+ry,,gre ua~se or s~ch oihe~ c:ause as the hlortyayre may req~,re, me?uig the ioss ~nJrr s~~d po~i-
clrs, each and every, paY~b:e to sa~J .~WRiGAGEE as .ts .~u~•r~s~ may apN~ar, ,~nd each and every a~ch po~~c~r at~~tl ue p~o~..NUy ass g~~~d a~',d dr~~ycrrd ro
eny heid by sa~d ;t10RtGAGEf as furrhar s_cw~ry ro sa~d n:o:r~aye dcbr, and, not tess ~han ten (10) days in ad.a~uc oS ~he eaH~r„t~or~ oi ~ach yo!~cy, ro dr
I~ver to se~d ~JORTGAGEE a ren~wa~ ih~•reof, toye~har h~fh a rece~pt for the prc~n~u+n of such re,e+.al; ond i!~~re s1,3i1 be no i,re or v,;~~.1sic~m inw~ance
plated on a~y oi said b~ild~~,gs, any ~nrrrest thrre~n or pn~~ therroi, un(cis m the torm and with the Ioss Nayable as af~~esaid; end in the evrnt any s~m
of money beco~~~es pafabir undrr wch ~:o::cy or pof,~;es se.J lY.ORiGAG~E aLaU have the oNt:on to recc~vr ard apF~:y thc same on aaount of the ind~~t~•d-
ne31 SeCUrc'(1 hdr~by O~ to permrt sa:d 1AORtGAGORS 10 ~fCerv~ ar(~ uie it W eny perf lhrir0+ ~Gr p;n~•r pur~.;~sc1. v.~m~~~„t th~•~i,~ ,t..i .r ~
ing any equ;ty, tien or r~ght unJer oi by vinue of this matgagc; and in the evrnt sa:d MO~TGAGORS sha!1 4or any reaso~ fail to kccp thc sa~d prem~s.s so
insured, or fai~ to dei~ve~ promptly eny of said pol~c~rs ot inaurance to said NIORIGAGEE, or la~! prom~,tly to Nay 1u;ly any pre~uw~n thrr~•for or in a~y
respect iail to perform, d:sd~arge, exec~te, e(fect, ca~~ptete, co~~~pfy with and e:,~de by ttus coven~nT, or any part haieof, se;d MORiG:.GEE ~nay p;acc~ e~~o
pay (or wch insu~~~ce or any part thareof w~thout waiving or affecting any option, lien, eqwty, or ri~M unde~ o~ hy vi~we o~ ihis htortgage, and the
full amount of eath and every such pay~n<~tt shalf be ~mi~~rdiately duc and payable and shall Ltar intcrest frem tha date ~hcrcof ur~nl p~~d at the rote o~
r~ne per centvrn Fe~ .~+:~~v~» and 1JyC1Ili'f wirh such intr:~~st sh.~ii t+.~ s~~:ured by the ~irn of this mottgage.
4. To permit, tommit or suf(e~ no wa~te, imydirmr~l ot dcter~oretion of s~~d property or any part ~hereof.
,`i. To pay ali and sin~ular the cosTS, charges and expe~~ses, ~ndudang a reasonable attomey's fee and costs of abst~acts ot t~tie, incurred or paid at
any ti•~.e by s~~d MURiGAG:E, becavse o~ in the erent oi thc tel~ure on the pan of the sa~d MORTGAGOR to d~ly, pr~~~~psl~ and f~!ly p~ifo~m, d,scnarqe
executa, efleU, comp:ete, co~aply v„~h and ~~.de by each and eve~y 7he stipcl;t.ons, agree~nems, tondn~ons, and covena~~ts of sa~d p~o+r.~»o~y note anci this
.nortgage any or e~~her, and sa d cosrs, cha~yes and expenses, each and every, shall be immrd~atrly dve and payabte; ,~,ne~her or not ~h~re be no~~ce dr
mand, attempt ro coi:ect or suit pend~r~g; arcd the fu!! amoun~ of eath and eve~y svth payment shall bea~ interes+ from the daie therrof unril paid at the
~.~te of nine uer crn;wn y~rr amwn~; snd aii said custs, u~a;ges a:~d e~pcuses inc~rred o~ paid, toyeti~er w,th such interest, shall be secured by the i~en o( th~s
mortgage.
_6. Thal (a) in the event o( any b~each of rhis hlortyage or d~fault on rhe part of the 41pRTGAGU4, or (b) in t!,e event any of sa:d sums of money
herein ~efer~ed to be not pro~uF-.tly and ful~y E.aid wnS~~n th.rty t30i days ne,~t afee~ the san,e se.eia?ly becon:z d~e and payab!e, wi~F.out deinand or ne;ice,
cr (c) in tha event each and every the stip~:at~ons, agreemants. tond~s~ons and covenants of sa d pr~missc~y notr and th,s mortgage any or e,ther a~e no1
~uly, promptly and le,;iy ~riormad, d:schary_d. exewt~d, effeued. co~np~efed, compGed wuh and a~~deJ 5y, then in enher or any such evem ~he sa:d eg-
~r~9ate sum menhonzd in sa~d vro~~~~>sory n.;te then re~na~n,reg vnpaid, with ~nterr;t actrued, and ail moaeyi secvred hereby, shal! betome due ar.d pay-
ao,e forthw;rh, o~ ti~e:eafr_r, at rhe opr~on of s~~d MORIGAGEE, as I~liy and co~r,plere!y as if al! of ~hr sa~d sums of rrwney were or~gina:ly st~pv;aied
to be pa:d on wch dey, anything in se:d pro:n~ssory note or fn ihis rdortgage to the confrary not,~ithstand~ng; and ~hereopon or therea!ter at the opt~on of
v~d MORTGAGEE, wrthovt rorice o~ de~na~~d, su~t at lew w in eq~~ty, thzrefore or theraaitr~ beg~n, may he prosecueed as if a!1 moneys securet! he~eby
n,d matured pnor to ~ts insnt~f~on.
7. Tnjt in the event that at the beginn:ng of or at any t~me panding any su~t upon th~s Mortgage, o~ to fweclose it, or to reform it, o~ to enforce
cayment of any claims hzreuoder, soid h10QTGAGE£ sha:i dpply to the Court ha~•~nq ~urisd~cT:on thcreo} for fhe appo~ntment of a Receiver, s~ch Ga.rt shal)
rcrthw»h appo~m a receiver of safd rz:ortgeged pro~rrty a!1 and si~g~!ar, irdud~ng ail and s~nguiar the income, profrts, iuues and revenues lrom what~ver
source darived, each and every of wh.ch, ff be~ng expressty undersroed: is te~_•by mor~gaged as if.spec~Gcally set fo~th and described in the g~annng and
tabendum c~a~ses hereo~, and such Recei~e: shaH ~dvG all i~+e pr~ad and efiecnve fun~o.ons and powers ~n anyw~se entrusted by a Courl to a Reo:iver, and
s_ch appointme~~r shail be m~~de by wch Cou~t as an ad.•uttrd equrty and a matrer of abso'suti r~gM to sa~d A\URTGAGEE, and without re~e~ence to the
adequ;cy or inadequacy of thr va;~e of ~he p.operry mo+!gaged or to ~he so.e~}cy .or ~nso:•.cncy o( sa~d MQRiGAGOR o~ rhe defendar~ts, and rh3t such
re~~n, profns, income, isivas an~ revenues shal~ be appii~ by such Receive~ accord~ng to the lien or equity of sa:d MURTGAGEE and ~he prect~ce of such
Court,
8. To du1y, prompt!y and fu!ty perform, d~s.harqe, eaecure, ef4ect, comp?rte, compty with and abide by each and every the stipulatio~s, agreements,
;o;,d~~~ons and corer+anrs +n so~d p~om~ssory nc'e .:«d th:s m~rty~g~. scf for~h.
9. TF.at in the event the ownenhip of the mo~tgagcd prenuses, or any part thereot, hccomes vested in a person o~her than the MORTC,AGOR, ~he
.'~RTGAGfE, its s~cceswrs and ass~gns, ma~, wlihout ~oT~ce !o th~ h1pRT(',ApR. deal with such successw or successw in interest with refrrence to lhis
ortgage ar.d the deht h~reby secu~ed in ihe sama e~anner as wifh ~Jlor:gagor w~thout in any way viuating or d~schargi~g the Glwtga9ors' liability here-
~:nder or uF.on the d,~b~ hereuy sec~~ed. No sa~e of the p~e:r.ises hereby mortgaged and no forbearance on Ihe pa~l oi the N10RTGAGEE a its successora
o~ ass~gns and no e,etenslon of the t~me for the µayn,enf uf tF,e deb+ h•_reby secured g~ve~ by tht MORTGAGEE or its succeason oa au~gns, aF;al! operate
ro reiease, d~scharge, mcdify change or aff~~ the ong~nal Gau~l~ty of the h10RIGAGOR hereln, either in whole or in part.
10. It is spec~(icatly ag.eed that time is of the eise~:ce of rh:s contract and tha~ no waiver o! any obl~gat~on hereunder or of the obligation se-
cvred hereby shaF at any time tiw;rea+ter be heid to be a wa~vrr of tha terms hereoi or of the instrvmem secured h,;rby.
11. Ir aciJ.tio~ to the foreae nry +.~or.th'y paym~nts of princ pat and inreresr requ~red by the prom=sscry no!r secured hereb~r, mortg3gor covenanrs
a~~d ag.~es to ~ay to n:ortqayee w~th each ~ncn+h'.y pa~~ :ent an add.ronal s~~~~ rsn~ ated b~ mortgagee to be eyuai to 1 i2 of the annual cost of the foiiow-
,,~,3: •
A-A!1 real propert,r ta~es I^vied e• dSS^SSC•:l .:~Si•'S1 the acove desc~~c.~d ~ea1 estate
8- Pre~r.•u :•s on f~re ard v~ir.dsto-rr~ ir.s~~r~rce as ivere~n rrq~;sed fo be car.;_d on the :m;,;roveme~~S s~tuate on the abpve descibed premises.
C-Pren,w~rs cn such rr.ortga3e 9uaranty ir.surar.ce as mp~rga^yez snail f:cn t me to timc daem }it to earry on the t~an sec~red hereby.
~.lortgagce sha~f frorn tl:ne to :,~~:c nenF~ ma~tgagor ,n wr;t~~g of t!~e aroiot d~e and payable hereundar a~d svch su~~ ;hall thereupon be due and
;~yabte on th_ d.~~ iia~e cf the ne,et ~~-onth: ~ payn:._,:t and each s::tcessive rno^.th thereatter ucti! mongagee sha!! nof:fy mcrtgagoT.of a change in svch
,~:u~nt. Suth so:ns s~ :..i be apF,:~ed ir~ mCrt35gee io:.a~d tne parment uf real proHcrty taxes, insura~zee prem:ums, and mortgage guaranty insurar,ce
~,rem~ums.
tN 1VIIPlESS ::HERi.OF, rne said .'AORTGi,G^R }~as h~reu~to set h+a ha~~d and sea! the day and year first aforesaid.
' /Si9n,ed, Seaied a~ deiivered in the presence of:
~ W-~l.a~.- \ ~ ~ svct.~,e..i_ ~ • (Seal)
Witness Albert C. B ack ~~ai~
~ ~ICI ~C ~ ~ - - ~ ~~r i~ ~Seal
i ! ;:'in _ness ,`AmY B. Black csea )
~
S~ATE Of fLORIDA . ~
'_JUr~rr oF _ ~f'-C C-
_-rL~~__ ~
E ~ -
~ Albert C. Black and
, Before me penonally aapeared ~ _
/~Dl}/ g. Blaek his wife, to me wetl knovm and known to me to be
` rh~ individuals descri6ed in and who executed the forego~ng insrrument, and acknowledged before me that they execused 1he same for the purposea
` !h^•e1n expressed. And the sa~d_~.}~~_ 18C~C
't
r+~Fe of the said ~@~_~. Blaek__ i a separate and private
•am:natton by me ta4en separate and apart from her sa~d husband, acknowledged to and before me that she exetuted said instrumem free~y and volun-
; ~~:~y and w~tho~t any compuis~on, tonstrairt, ap~pre~~he~~
on, or fear of or f~om her said hu band. /
i WITNESS my hand ar.d official seal this__ ~.~1L_~_ _ a f_ ~~1~1~ 0~/ _ , A. D. 19 74
~
; . ,
Notary Public in and for the 5 e of F1 da at large
My-Comm~ssio~ eapires: ,J
Return To: ~ ~ j /
First Federsl $a+ings b Loan Associat,on ' ~'t'~ ~f, r
flj fprt V .~:ee.
„~.~~:'u.
For; P!_rc_. Flor~J ~
Fii:EU ~ •~i ~~aoEO . ` ~
iT.IUC~s~ -~~NT1r F~A. ~G`.
f~0~ - 1~;:tAS A1 1~~ ~ . ~ T~~
This Instrument Prepared By John ~9. Coll~~f ~ v~~- y.E • ~ y~:
First Federal Savin gs & Loan Assotiation , - _
of Fort Pierce~ FlOtida ~ ~ $ 55 ~N ~ 11 _ ' 1 ° , ~
v
Checked By L~C.-___ _ ~ ,
2'76U95 ~ : ~
` : 224 f~~~E ~649 _
~ ~ $ . - - - - . _
~ : _
~
I ~~-,ir. ~ ~'~j. Yj` ..~w~ .-.S> ~
Y
`Y` 'Pr'* ~
~ ~
~'~s, _ , `Ke`~ r - - - `x t` ~ t-«"~~
. _ 3..~'~.._._~-:--.-,;:r?