HomeMy WebLinkAbout1022 3. To place a~d to~~~nvously kcep on the bu~.d~~~ys now or Ler~atter a~t~ete on sa~d ;erxl and on eli eq~~p:~~ent arcd penonally cove~^d by Mis rno:rg-
egs, wnh ~11 prem~ums therron pa~d ~o lutl, t~re ins~~a~~:c ~n the ~swl ~w~~d~~d po:~cy form, in a sum aHpro+ed by the MOR~GAGEE, and winJuorm
Insvrance in the usual ~tandard poLcy (o~m, in a wm aEp~oved by ~he MORiGAGEE, in wth co~~pany or compa~~es at t1+e MURiGAGfE may
direU; and all (ire and w~nJstorm insurance po~~c~es on any of sa~d bu~~d~oga, any intrrest therein or pa~f thereof, in ~he agg~cgate sum ~fwesa~d w
in excess thereof, shall c«+~a~n ~he ~suat i~a~~da~d mor~yagee c~duie o~ wch o~her da~ss as Ihe Mo~tgagee may requ.re, ma?iny the wss undr~ is~d po~i-
cias, each and ave~y, payable ro said AtJRTGAGEE as ~~s ~n~cr~st ~~iey appear, and each and evtry svch {w:~cy sheil i~ p~umptty ats gned a~~d de~~ver~d ~o
eny held by ssid MORiGAGEE as fu~ther sewr:ty t0 Said mortga~e dcbt, and, no~ less tha~ ten (101 days in advance o1 th~ etpuanon of each poGcy, to de-
liver to se~d MORTGAGEE a ra~ewal thereof, toge~har with a rece~p~ for the pre~nwm of such renewaf; a~u1 thrre shatl I,e ~a i~~e or wu,Js~ur~n inwrance
p!eted on any o( sa~~ bui!dings, any inlerest the~e~n a part tFxreoi, ~nlcss in the (orm and with the loss payable as efaesaid; and in the event any sum
of mo~sy becanq payable under wch policy w po~~uas se~J N•OkTGAGfE shall have the op~+on ~o recrive and appty the aeme on accounl o~ ~~e i~~da6rrd-
neas secwed hereby o~ ~o pe~mit said MURTGAGORS to reurve aru! use it w any pa~t t?~r:eof for oo~~er Hur; oses, v..~i••n+~ ~~='~i+~ '+~31ri^3 cr ~~+~aa~+•
ing any equrty, I'seo w~~9ht under u by virtue of ~h~s n.o:~9age; and in the evrnt w~d MORTGAGORS shali fw any reason fa~l ro keep ~he sa~d p~em;srs sa
iniured, or (ail fo detiver promplty any ol saiJ po~~c+es 01 ~nsurance to said MORTGAGEE, or fail prompily lo pay fully any prem~urn therefor or in a~y
respec~ fail lo pHfwm, discharge, execute, effect, con~pie~e. cwn~~Y wiih a~~d abide by this tovenanl, or any part hrreo(, said MGRIGAGEf may p1~ce a~d
pay fw tuch insurance or any part thereof w~thout waiv~ng or af(rcting aoy option, tien, equ~ty, or rigM under or by vi~rue of thit Mw+gage, and tfie
full amount of each and e~ery such paymero shall be in.me~liateiy due and payaDle and shall brar interest from iha date lhereof umil pa~d at the ~ate o1
n~ne per centum per annwn and ta~~thrr with such iniares~ snat~ l~ sacurcd by the lien of this mwtgage. _
1. To permil, commit or suifer no waste, impairmrnt w deteriurehon of sa~d property a any part thereof. ' °
5. To pay all and s~ngul~r the casts, charges and expenses, indud~ng a reasonable attaney's fee and costs of abstracq of title, incunrd or pa~d st ;
any time by aaid JNORTGAG:E, becausc a in the eve~t ol ihe la~wre on the part of ~he said MORTGAGOR ~o duty, pranpdy and fulty pe.f«m, d~uharge. ~
execute, efieU, comptete, comply w~th a~d ab;dr by each and eve+y the stipulai~ons, agreemen?s, condiUOns, and covenants oi said p~omissory note and this }
r.ortgage any or ei~lxr, and sa~d costs, charges and expenses, each a~~d eve~y, shall be immrdiate~y due and payable; whe~her w not there be no<ice dr t
mand, attempt to co~lett or suit nd~n and the tull amount of each and every such payment shatl bear interest lrom the date thereof un+il paid ~f the i
Pe 9: f
~~~e oi nine per cent~m ~r annum; ane: all said co>~s, ci,arges and exprr•ses irKUrred or pa~d, together w~th such iroerest, ahaN be secured br the I~en of 1:s 4
mottgage.
6. That (a) in thr eve~t of any breach of this Mo~tgage or defautt on ~he part of the MORTGAGOR, a(b) in 1he evenl sny of sa:d sums of mor+ey
herein refe~red to be not prompfly and ~ully paid within th~rty ~30i days r~ext ai~er the same se~era:ly becwnr dut and payabfe, wi~hovt demand w nonce.
or (c) in the event each and every ~he sGpu~a~io~n, a9reements, cond~t;ons arxl covenants of sa.d promissory no~e a~d th~s mortgage any w either are o01
~uty, promptly and fully perfw~ned, d~scharged, execu~..d, eifeded, canpletrd, compf~ed w~th and at•~dni Sy, then in e~ther or any such eve~1 the said ag
gr~-gate sum mentio~~ed in sa~d pro~~~ssory ncee than ramaining ur~pa~d, w:th i~~eres~ accrued, and atl moneys secured hereby, shall become due aod pay-
aole forthwith, or thereafte~, at the option of sa~d MORTGAGEE, as futiy arxl co~nple~e~y as if atl of the said sums of money were ong~na~~Y st~pu:ated
to be pa~d on such day, anything in sa.d prom~ssory nete or in this ?Jlortqag? to ~he confrary notarithstand+ng; and thc~eupon w thereafter a1 Ihe optio~ of
sa:d MORTGAGEE, w~rhout not~ca or demend, su~t at law or in equity, thrrefore w thereaicer [xyun, may be p~osecuted as if all moneys secured hereby
n;,d n~atured pnw to ~ts institution.
7. That in the event that at the beyinn'ng of w at any ti~ne pend~ng any suit upon fh~s Nortgage, w to forecbse it, o~ to reiorm it, or to enfwce
payment of any cla~ms F.ereunde~, said h10RTGAGfE sha t spply to the Coun having jur~sd~ction ~t~rreof fo~ the appo~ntmeN of a Rece:ver, such CourT shall
Forthwith apc.~~~t a receiver of said mortyaged property all and sing~lar, indud~ng ail an~ s~ngu~ar the income, prof~ts, iasues and revenues fran whatever
so~rce derived, etth and every oi wh ch, it be~r.g express~y understuud, is he:rby mo:tqaged as ~i spec~l~cally set for~h and desu~bed in the 9raoting and
habend~m dauses hereof, and such Receiver shail have all the 6r;,ad a~d effectrve iunct~ens and powe:s in anyw~se entrested by a Court to a Recriver, and
s~,.ch appe~n~ment sFa11 be made b/ such Court as an ad~ ~~+trd equ~~y and a matter of absotu~e right to sa:d MORTGAGEf, a~d withou~ reference to the
a.:equacy o~ inadeq~acy ol the va+ue of the propeny mor~gaged or to the SO~VCt1C`/ er ~~~scsvency of sa~d N.ORTGAGOR a the deie~.dants, and that svch
ren~s, profits, incwne, issues and reveaues shalt be appGed by such Receiver eccord~ng io the Iien or equitK ot said MORiGAGEE and the practice of such
Courf. '
S. To d~!y, p~on+ptly and fuliy perform, di::harge, execute, e4tect, corr~lete, coa~ply with and abide by each and every the stipulatiwes,. agreeme~ts, ~
ce~ddions and covenants ~n sa~d prom~ssory note and th~s mor~gage set forth.
9. That in the event the ownership of the mortgaaed premises, or a~~y part ti~reof, 6ecomes vested in a perwn other than the MORTGAGOR, the
A'.ORTGAGEf, its wcceuws and assigns, may, wi~hou~ no+~ce to ~he MOR?G~OR, deai :v~ih such successor or wccessw i~ interest with refereoce to tbis
mo~tgage and the d~ut hereby secur:+d in the same manner as w:7h .L'lortg~gor w~!~:aut in eny way vit,ating w d~Xharging ihe Mo:igagors' liability htro-
~nder or upon the debt hereby sFCUred. No sa:e aF the F*em~ses h~~reby mortgaqed and no forbearance on the pan oi the MORTGAGEE w its s~ccessws
or assigns and r.o extens~on of the ;~:ne for the payme~~t ot tt~e drbt h~.eby sec~red given by the MORTGAGEE o~ its successors er au:gns, atiall operate
ro retease, d~scharge, modify change or affect the orig~nel 1(au~t~ty of ~he MORTGAGOR herein, either in whoie or i~ part.
10. It is spec~fica~fy agreed that t~me is of the essence of th~s contrad and that no wsiver of any ob:~gation hereunder or of the obiigatan se-
cvred hereby sha11 at any time tnereafter be hc'd to be a v.o~re• of the terms hereof or of the instrumem secured herby.
I1. In a3d t~on to tiie fo~ege'ng mc~th!y oay•n~nts of princ pa! aeid inte~est required by the promisscry nore sccu~ed hereb~, mortgagor tovenants
.~,d agrers to pay to mcrtgagee w~ih each ~ronrh'y pa~~ ,e~A an aci:;~r;onat sum ezt,~.:a~ed by mortgagee to be eqvai to 1;' 12 of the annuai cos~ of the foNow-
~n3:
A-A!i real propert/ taxes ~e•r;ed or assess.~ci .ey,i sc the a~:ove d~scritc-d r_al es~ate. 4
;
B-Pren~:~~ns on f~re and windsro:m ir.su~ar.ce ~s i~arean requ~red to be carried C~ the improveme~ts situate on the above ~esuibed premises.
C-PfC'r.~UmS on s~;h mortgage guar~n!y ~r.wra~.ce es mortgagee shail from t~me to time deem (it to carry on the loan secured hereby.
blortgagee shall from time to tirne not;f~ mcrtgagcr ~n w~itmg of the amou~t due and payabte hereuRdrr and sucn sum shaf4 thereupon be due and
~ ;~;able un the due date of the next noonfhiy payment and each w.cessive mor~rh thereafter u~tit mortgagee shatl notify mortgagor of a thange in such
,~,o~~t. Such SJ:P.S sh.a:i t;e app:ied 6y mcrtgag~re to.tiard the payn:ent of real property taxes, inwrance prem~~ms, a~id mortgage guaranty insurance
~ c:~•rmiums.
~ 1N YJIT~JESS VrHER~OF, the said h10RTGAGOR has hereunto set his hand and seal the day and year first aforesaid.
~ S+gned, Seated and delivered in the presence of: Fi~f ~ ~ r~i~ ~af~ / 1 F
ST_ ~i~G+f _?t;Yir flA. /~i/~.l~wn.~J ~h.6~~+^~1 (~•s4
,:t?~~S t~ ichard H. Brorrn tsesq
6 = CtE':~ . ;v+i COURT ~
nrr^:.~ • rD , 1~4~~ ~1,1M~. {SeaO
, 2eresa H. Brown
~Ait Lb 1 34 cs~an :
5 ~ ATE OF FIORIDA ~ ~
~J~Nn oF st. c.u~ie ~ 2~'7'"J~$
B~fore me perscnal{y appeared Richard H~ B=dIR1 and
Teresa H. BYOMfl _ h;s wife, to me well known and knov+n to me to be
the individun's drscribed in and wFr~ executed the foregoing instrument, and acknow{edged befwe me that they executed t}~e same fw the purposes
therein expressed. And the said TeYesa H• BlOKII
~~lfe of the said ~-~~i~ard H• BYOwD vpon a sepsrate and priwte
e~am~nation by me teke~r? ssparate'~nd apart from her sa~J husband, acknowleaged to and befo~e me that she executed sa~d instrument freeiy and votuo-
rar:ly and w~thout*~~~ulsion,~torutraint, apprehens~on,~ w/ fear of or from her said husband. 74
WI7N ~QianJ and~b(f'c; ~h! _ dey of I~'~1 Ctl A. D. 19
~ ~i ~ 1, ~scal this
. • '
' ~v: Notary Public in and for t tate of Fbrids at large
~ ` G . ~ j
` C~ ; ~;V ^ • ~ : My Commission expires:
p;~ _ ~ ~ -
~ ~r1 TO~1
i
~ first-Fed~a~ ~~1ngs a ~~Ai3o2~at:on
Sf~~f`..P~~ie~~~ ' 1'~~ ~~4 SI~M of Rsride ~t Lo~ ~
~ "~,~oA~P:erce.•Ftorida: = My Cewmwssi~s E:perN ON. J0, H~~ :
i
~ bnded by Amer:con Fire b Casuol~~ Co.
~ ` "
~ This Instrument Prepared By J. H. RobeZts, JZ.
~ First Federa! Savings 8 Loan Associasion
of Fort Pierce~ F'loi ida
- booK 225 ~ 1020
~ Checked By
~ , - dZ
~
_
- ~ry ~ ` i . _ ' _ .y..
~-v~~" *st~.,~~==' _ _
y~ ~I ~ ~ ~ ~ .
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~