HomeMy WebLinkAbout2698 3. To place end conti~wa,aty ktep a~ the bu~.d;~~~~s now or hereafier s~t~a~e on sa~d tan~J and on au rqu~prt~rnt and personally cove~~d by Ihi~ mortg~
sgs, w~~h all premwm~ thzreon pa.d m fuli, fue ins~ra x~ m ~he usual srond.+rd pol~~y form, in a sum app~oved by tha MJRiGAGEE, a~~d winditorm
miurance in the uiual tiTanJa~d pol.cy form, in a sum appro~ad by iha MURTGAGEE, in iuch company or tompan~lf aa ?he htORiGAGEE may
direct; •nd ell (i~e and w~ndsrorm insurartte pol;t;es on any of sa~d build~ngs, any inlerest the~ein or part Ihereof, i~ ~he aggregate sum a{o~csa~d or
in exces~ thereof, shall contain th~ usual slandard mongagee ciause w wch othe~ c~e~ae as the Mortga~ee rr,ay requ:rQ, maAin9 ~he tess ~ndr~ sa~d po1~
c~e~, each and every. payable to sa~d A10RTGAGEE es ~ts lna:rest may appear, and ea<h and every such po:;cy ~hall be promp~ty ais g~~e~ and de~~vrr~~d ~o
eny held by sa~d MORIGAGEE as }urther aecurity ~o said murtg~ge dcbt, and, not less than ten t10) days in advance of ~he exp~ral~on of eech pot;cy, to da
Gver to sa~d M?7RTGAGfE a renewal thereof, ~oge~her with a rece~p~ for the premium of such ro~ewa{; and there shaii be no f~re or windstc~m insurance
placed on any of sa~d build;ngs, any intrresl thera~n or part ~hereof, un!ess in ~he form and with the losa payable as afwesaid; and in the event any sum
of monay becomes payable under such polity w poGcies said MORTGAGEE shall have tho opnon to rece~~e and apply the same on accouN of the indobted-
ness securrd heraby w to pemiit sa~d MORTGAGORS ro rece~ve and use it o+ any pa~l the:eof lor otuc. pui•,,osrs, v.;~hv~t th_r~ur wa~+„~~ c~ p~~r-
~ng any equ:ty, Gen or r~ght undrr w by v~rtue of ~his mortgage; and in the even~ sa.d MO~tTGAGORS shall for any reason fail to kecp the sa~d prero~s~s so
~RSwed, or fai! to da~iver prpmptly any of said polKies o( insurance 1o said MORTGAGEE, ot (ad pron:ptly fo pay ~uity any pr~~nivm therefor or in any
respect fail to perJwm, d,stha~ge, executr, eiFec~, complete, coaiply with and abide by thi~ covenant, or any par~ hrreof, said MORivAGEE may piace a~~d
pay to? such insurance o~ any part thereo( w~thovt waiving or afFecHng aoy option, lien, equ~ty, or ri~M under w by virrue of this Mortgage, and the
fuli amount of each and eve.y such paymant shalf be immedrarely due and payable and shaU bear interest trom Iha date thereof umil p~id at the rate ol
n:ne ~xr tentum per annum and to~elhar w~th wch i~v~r~sr shai~ i~e xrc~red by the litn of this mortgage. .
Io permit, commil or suffer no waste, impairr.irnt or detrr~orat;on of sa~d property or any part thereof. _
5. To pay all and singu!ar the costs, charges arid eapensas, includ~ng a:easona6te attwney's fee and costs of abstrads of title, incurr~ or pa;d at
any ii~nr by s,id MORTGAG'.E, beca~se ar in rh~ ev~nt of rhe fa~~we on ~he pan of the said MORTGAGOR to duly, promptty and fuUy perf~rm, d~scharge
etecute, e(fec~, complete, comply w~th and ab:de by each and every ~he s~~puiai,ons, ag~~ements, cond~uon~, and covenants of sa~d pranissory note and ~his
,:orrgage any or e~~her, and sa:d costs, cherges and expenses, each and eve.y, shall be immediately due and payabfe; whether w no~ the~e be not~ce d>
mand, attempt to collect w suil peod~ng; and the full amount oi each and every such paymeM shall bea. interest from Ihe date thereof uMil paid at Ihe
r.•re ot n;ne ~er cent~m per annu:n; and all said ws~s, char9es and expenses incurred or paid, together wdh such interest, shalf be secu~ed by the lien of th~t
mortgage.
6. That {a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the eve~t any of sa;d sums of money
he~ein referred to be not promptly and fully paid with~n th~~ty i30) days next afrer the same severatty become due and payabte, without demand or ~oNCe,
o~ ~c) in the event each and every ~he stipulations, agreements, cond;rions and covenants of sa.d promissory note and th~s mor?gage any or e~lher are not
iu:y, promptty a~d tutly pe.torncd, d~scnarged, execured, effected, compte~ed, complied wi~h aad a6~ded ~iy, then in ei~her w a~y such eveM the sa~d ag
~~egate sum ment~oned in said promissory note then rema~nir.g unpa~d, w~th interest accrued, and atl moneys setu~ed hereby, shall become due and pay-
a~;e for~hwith, or thereafter, at the opt~on of sa~d MORTGAGEE, as fuliy and cw.nple~ely as if a~l of the said sums of money were or.ginally st~putated
!o be pa:d on wch d;.y, a~ything in sa:d prom~sswy note or in ~his Mortgaye to she cororary notw~thstand~ng; and thereupon or thereafter at the opt~on of
sa~d MORTGAGEE, wnha~t notice or demand, suit at law w in equ~~y, therefore or thereaher begun, may be prosecuted as if a:l moneys secured hereby
n~d matured pnw to ~rs instrtut:on.
7. That in ~he event that at the be9inn;ng of or at any ~ime pending a~y suit upon this Mortgage, w ta foreclose it, or to refo~m it, or to enforte
pjyment of any ctaims hereundrr, said MORIGAGEE shall app~y :0 1he Cowt hav~ng jur~id.c~ior. thereof for ~he appointmeot of a Receiver, such Court shaU
Ec~rF.with appoint a rece~ver of said mortgaged propzrty ali a*~~rsing~tar, ~nc(ud,ng ,~il and si~guiar the income, prof~ts, issues and revenues irom whatever
s: wce dz~ived, each and every of wh;ch, it be~ng expressly .unde~s~ood, is hereby mortgaged as iF specificalfy set forth and dest~ebed in the g~anfing and
hjbendum ctauses hereof, ar.d s~ch Receiver shaii have all the br~ad and effeaive f~nce~ons and powers in anyw~se entrusted by a Cour1 to a Receiver, and
s_ch appointme~~t ahall be made by such tourt as an ad:n~ned eqvity and a maner of absolute rigAt lo said M~RTGAGEE, and withcut refere~ce to the
edrquaCy w inadequacy of the value of the psoper?y mprtgaged or ~o ~ha so,vency or imolveacy of sald MORTGAGOR or the defendants, and that such
re~+s, profits, income, iswes and revenues shali be appi~ed by such Receiver acco~d,ug to the lien w equity of aaid MORiGAGEE and the practice of such f
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8. To duty, promptty ard futly perform, discharge, execute, eifect, comp(ete, comply with and abide by each and cvery the stipulations, agree,nents,
:o~d~tions a~d covenanrs m sa,d promisso:y note ar~d tF.;s moctgage set forth. -
9. That in the event the ownership of the mortgaged pre~*~ises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
'.'~RTGAGEE, its svccessors and assfgns, may, without nor~ce to rhe N.ORiGAOR, deal wirh such successor o~ successor in ;Nerpst w;~h reference to this
orrgage and rhe debt hereby sec~~ed ;n the same manner as wiih !;ortgago~ wittwut in any way vit~ating w d~scharging the Mortgagors' liability herr
der or upo~ th~ debt hereby sec~red. No sale of the Frerr.~ses hereb~ morlgaged ano no forbeara~~ce on the part oi the IdORTGAGEE or its successors
or ass+gns and no extension of the t;me for the paymem of the debt h~.e~~y secwed given by the MORTGAGEE or its successors w ass~gns, ahall operate
ro re±ease, d~scfiarge, mod~fy change or affecr the or~g~nal lia~:irty of the MORTGAGOR herein, eithe~ in whole or in pa~t.
10. It is speuficaily agreed rhat time is of the esse~ce of th;s contract and that no waiver of any obligation hereunder or of the obtigation se-
c~red hereby shai< ar any tlme rhereafrer be held to be a wai~e~ of the terms hereol or of the instrumeN secured herby_
11. In a;id:t;o~ ~o the forego:ng month!y payments ot p~inc pai and int:r~sc req~~~ed by the p~om~sscry no!e secured hcreby, mo:igagor covenants
~ eyr:es to pay to v:atgagee .vith eacfi monrh;y Fay~.ient an add~r~or.al sum est~~,ated by mortgagee to be equal to 1 12 of the ar.nual cost of the follow-
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A-A!t rea~ peoaerty :axes lev~ed o- aas~ssrci ag3;~-s+ !h_~ above descri~cd rea! estate.
I 6 Prc:~„~~ ns o~ F~re and w~^dstam insurar.ce as here~n n~qu~r~d to be ca~r~ed or. the improveme~ts s~tuate on the above d~scribed premises.
C-Pren-•~ums on such m.ortgage guaranty ir.wrar,ce as mc~tgagee shatl lrcin t~me to t;me deem fit to carry on the loan secvred hereby.
' hlortga~ce sha~l frcm nme to nme nctKi :•:ert,agor ~n wr:tmg of the amou~t due and payabte hereunder and such som shali thereupon be dve and y
'i :~,aL:e on fhc d~e da~e of rh~ next momh•y pay~•~e,» and each svccess]ve month thereafter until mertgagee shal{ noi~fy mortgagor of a change i~ s~ch
i - ount_ Such soms st,ai~ be aFp!ied by mortgagee to,r+ard 1he payrnent of real property taaes, fnsurance prem;ums, a~id mortgage guaranfy insurance
:remiums.
IN \Y~TPlESS '.'~H:REOF, tne sa~ ORTGAGOk has h~reuMO set his har.d and seal the day and ear first aforesaid.
; ~ aied and'delive e rese e of:/ / r ` ^
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at)
< e5 S . 3. (Seal)
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`.-~cs~an
k~itness Alexandria Thames ~~ai~
j Si:.iE CF FIORIDA ~
~ ~::UNTY QF SL. ~
~uc iQ ~
i Befwe me personaily appeared _ B@Ifll@ ~181@3
and ~
~ P?1@XdIldlla Z~1~5 his wife, to me well krv~wn and knovvn to me to be '
~ individuafs described in and who exewted the foregoing instrument, and acknowledged before me that they execured the same !w the purposes
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$ e-ein expressed. And the za%d _ Alexandr ia ~1am2 S
a
` h:+e of the said Bernie Tha~es upon a separate and private ~
a e.am:nat~on by me taien separate and apart from her sa~d h acknowledged to and before me that she executed said instrument freeiy and volurr s
~~y acd wtthout any comrutsio~, constraint, apprehen ,orfJo f~ar of or from her said husband.
~ Y,lll(YE55 my hand and off;c;al seal this ~ _~~y of M lCtl 74
A.D.19
~
; C~.~.~
_ Notary Public in and tor the State of F{orida at large
My Comm~ssion expires:
Ret~rn To:
Fi~s! Federal Savings ~ Loan Assxiat;on '
Of Fort P~erce ..i :r, ~ 'c .'l. at LrRuc
Fort P~erce, ilorida •i ~ . 1+~',' ''z~~;•'~' l. 1471
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This Inst~ument P~e ared B Ge~r F. BllwOOd - ' • ST.l~1C~;
P Y Y c- . o,~~~ -~GS ~
; First Federai Savings & Loan Association ~ ; G'~dRT 1
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i ot Fort Pierce , F lor ida - ~ 3 ( _ ; v ~ ~ , r_ ~ ~ c . ~ •
` Checked By ~ sb ~ 28 ~~~i
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: ~ r ~ 224 P~.~E2fi97 2~sszo
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