HomeMy WebLinkAbout1241 To p~ace and continuausl~ ?cep on the bu~'d~~.ga no~v or he!eattcr s~tuete on seid l~nd and on ail eq~~i{,:neM and pe~sonalfy eo+ered by Ihis mwlg
egs, w~'h ell pren~iums ~hereun pa.d in futl, t~re ini~r~:~ce m ti~a usuel stande~d po~~cy iorm, in a sum a;:p~u+~d by the ~dJR~GAGEE, a~}d w~:~dslorm
insurante in the usual ftandard po:•cy fo~m, in a s~~n aHpro.ed by ~he MURTGAGEE, in such tompany or tompan~es af the M02TGAGEE m~y
d~rect; •nd all fire and w~ndsturm insvrance polic~rs on any ol sa:d b~ild~ngs, any enleresl theee~n or pe~t thereoi, in ~he aggrrgetp sum aforesaid w
in eatess thereof, ~haU comain the usval st~r.dard n~o:~y~y~'e c~ausa or a~ch o~her dause as ~he Mortyagee may requ~ro, ma\ing t?~e ioas w~de~ sa~d poli-
cies, each and evrry, paya~'.e ~o sa~d A10RTGAG:E as its inicr~~s~ ~nay appear, and each and eve~y such po!ic/ st.itl Ix pr~xrpN'/ ass g~~rd a~~d de~~Ye~ed to
~ny held by sa~d h10R1GAGEE as ~~•ihor ~ecurity to said ~~~ong~gr debt, and, not less than ten (101 da;s in ad.ance of the e¦p~rat~on of rach pof~cy. to da
Gve~ lo said MORIGAGEE a ~enew:+l theraof. IogNher vvith a ruce~pt for the p~e~~~um of svch renrwa~; and ~hnre shall Le ~w hre o. w~~~dsro~m insurance
placed on any ol saed build~ngs, any intarest there~n at pa~l the~cof, unleu in the (o~~n ar~d with the ~oss paycble as aforesaid; a~d in ~he eveM any sum
of money becornee payab:e undrr such policy w po~+c~es sa~d MORiGA~EE shail havr ~he op~~on lo rece~+e and app:y the sa~ne on accoun~ of she indrbtrd•
ness setured hereby M to pemiit sa~d MORTGAGOR$ to retrive and ~s~ i1 or any part thrrc•of tor otncr Huri osrs, v+i~~~o +t th:~~ ~3 ~r ue~uu-
irg any equ~ty, iien w riyht under or by virtue o( this mo':gage; and in Ihe event sa~d NORTGAGORS shatl for any reason }ail lo kern ~he said p+emis~•a so
~nsu.ed, or fail ro delive~ prompNy any of said po~~ues of insurance ro sa'~d MORfGAGEE. or fail p~o~np~lY ~o pay fully any prr~~t~vm iherefor o~ in a~y
~e~pett fail ro perform, du.harge, execute, effect, tomp:ete, t~~nply with acid ab~de by this cove~ant, a any pait hrreol, sa~d MuR1GAGEE may p~ace and
pay fw such insurance or-any part thaieof w~tho~t waiving or affeding any option, tien, equ~ty, or r~~ht unde~ or b~ virtue of this Mortgage, and the
full amoum oi each and every wch payment ahall be im~ned~arely due and peyaLle and shall bear int~rast from the date thereot unu~ p~~d at ihe rate ol
n~ne per cent~m per ann~+e and to~~thar w~~h such ~nterest shal~ br s~-cured by the tien oi this mortgage.
4. To petmit, tommit w suifer no waste, impairm~nt w drtrnorat~on of sa~d property w a~y parl therzof. .
5. To pay all r.ul sing~tar the costs, charges and expenees, includ+n9 a reasonable attor~ey's fee and costs of abstrac~s o~ tiLe, incorred or paid at
any time by sa~d MORiGAGfE, because or in the eve~t of fhe ia~:ure o~ the pan of the said MORTGAGOR Io duty, pron,µtly and f~t~y pr~fwm, d~scharge,
,aec~te, effect, comp:ere, cornply w~th and a6.de by each and every Ihe stip~la~~ons, agreements, co~d~t~ons, and covenanrs of sa~d promiisory note and this
rortgage a~y or e~~her. and sa:d costs, charges and expenses, each and every, shal~ be immrd~ately due and payable; whether or not there be notice da
mand, atte~npt to colt~t or suit penduzg; and the fu11 anwunt gf each a~d every scch payment shaii bea~ intrrest from the da~e thereot umil paid at the
r.~te of nine per ctntum per anncm; ar~ a{I sa~d cosrs, cF~arges a~id eaF;ensrs incurred or poid, toyether wnh wth iaterast, shall be secvred by the iien of Ihi~
mongaga.
6. That (a) in the event of any breach of this Mortgage or default on the Part of the MORTGAGOR, or ;b) in the eveM any of sa:d sums o( nwney
herein refe~red to be not promptly and fully paid wirf~in th;•ty (301 days neAt arn:~ ihe same severally become due and payab!e, w~thout demand or nohce,
or (c) in the event each and every Ihe at~pu!aiions, agreerr.enls, cond~+~ons and covenants of sa.d ~~rom~sso~y note and th~s mortgage any w e~~her are not
~uly, pro:nptly and fu!ly performed, d.scharged, exewted, effectrd, canp~eted, compi~ed viiih and a6~d•~d 5y, then i~ either w any such event the said ag
gregate sum men~io~~ed ~n sa~d promisswy no~e then re~na~ning ~npa~d, with iNe~esl accrued, and a,l moneys secured hereby, shall becume due and pay~
ab,e forthwith, or therea`tar, at the op~~o~ of sa;d MORTGAGEE, as fuUy, snd co~npletefy as ii a!1 of the sa~d sums of money were or~gina:ly snpu:ated
to be pa:d on such d:.y. any~ni~g in sa.d p~om~ssory ~ote or in th~s Mortgage ~o the co~~rary noPwilhst~nd~ng; and thereupon w thereafter at the op~~a+ of
s~~d !~'.ORTGAGEE, w~thout nW~ce or demand, swt at law or in eqouy, therefore or thereafier beyun, may be p~osecutrd as if all moneya setuted hereby
nyd matured pr~w to ~ts mstitut~on.
7. That in ~he event fhat at the beginninq o~ or at rny time pendeng any su+t vpon this Mo.tgage, or fo foreclase it, or to ~reform _i1, or to enforce
payment of any c~airna here~~drr, sa;d h10R~G.+GEE ahoa. a{:pty to the Coure haveng jur.sd:ct~on thcrecf Eor the appo~ntment of a Receiver, such Ccwe1 shail
fcr~hwith appoint a rece~~:er of said mortgayed proaertr all and s~~3~lar, irtdvd•ng atl and sn,gu~ar the ~r.come, profits, issues and reveouea from what4ver
s~vrce dc:~ved, each and every of wh~ch, it ba~ng rxp~ess~y undcrs}cod, ~s Fer_Lv morrg~ged as if spec~ficalfy set~So~~h and dascrilxd in the gianri~:g and' ~
h.~bendum cia~ses hereof, and wch Reteiver ahaA havc• ai: the broad and efrecnve fvrtc~.ons and po~vers in anywi~! entrusted by a Court to a~Receiver~ ahd
s_:h appointment sha~I bE made by such Court as an admitt~d equ~ty ar.d a matter of absolute r,yM ro said• MORjGAGEE, and without reference ~o tke ~
a:f_quecy w~nadrq~acy oi the value of the property mo~tgaged or to ehe sa.ency or .nso~~ency of said MORiGAGOR or the defendaMS, a~d that such
,~~-+s, prof~ts, incomz, issues and revenues ahail be appi~ed ~y s~ch Receiver accord:ng ~o ~he t~ea or equ~ty of said MOkTGAGEE and the pract~ce of such ,
Court. - '
8. To duty, prcmptly and fully perform, d;scha+ge, execute, efiect, comp~ete, cornpl~ w+th and abide by each a~d every the stipulations, agreements,
condiuons and covenanh in sa~d prom~ssory rro!e and this mortgage set iorth.
9. That in rhe event the ownership of the mortgaged pren~ises. o~ any part thcreof, Lecomes vested in a person other than the MORTGAGOR, the
ti•ORiGAGEE, i+s suctessors ar.d atvgns, may, v,nhout net:ce to the 1'tORTGAOR, dea~ w~th such successo. or s~ccesso~ ~n ~nterest w~th referente lo Ihis
n:orrgage and the d=b: hereby secured in the same m~~ner af w~th ~".ert~agor w~thout in a~y way vi?[ating o~ d•scharg~ng the l.lcrtgagors' liabiiity here-
e,nder w ~pon ~he debt hereb~ securrd. No sa:e ai ti:e Fir~n:ses hcrrby mortgaged ar.d no forbea~ance on the part of the lhORTGAGEE or its suctessors
or ass~gns and r.o e~tensio~~ ot rhe tlme fcr the payrner.t of rhe debr h^reti.+y secured g~ve~ by the tdORTGAGEE or us successors or ass:gns, ahafl operate .
to reiease, dscharge, ~od+fy change or ~tfect the ony~naS Gab.iny of the M.ORiGAGOR here~n, e~ther in whole or in part.
10. It is speuiicaliy agreed that fime is of th? esse~ce of this contracr and that no waiver oi any obf!gat~on hereunder or of the obligation se-
c~red hereby shali at an~r time thcn_aiter be hc:d to be a wa~wer of ~I,e terms hercof or ot the instru:neM secured hcrby.
I 1. In add.t:o:+ to t!~~ farego:ng ~ncnrh'y F,ayn ~~n!s cf pr;n: pal and intrres• requ~red by the pront'sscry ne!e secured hereb~, mortgagor eovenants
a~~d agrees to pey to r+ortgagee v~;+h aa:h n-orrh'y ;,a1•. e~~t an ~dd,r~onat sv~.: csr::Ta~ed by mortgagee to be eq~al ro 1 12 oi tha an:wal cost of the follow-
iny'
A-A!i reat property tax:s lev~ed or assessed ayai~n! th~ above desr.ib^d r~al estate.
B- Pa~n:~~~ns on fue ar.d wir.dsto~m insvra ,ce 35 n-rc~ri r.qu.red to be ~ar.i_d on the :m;;~oveme~ts s~tvate on she abovc d_scribed premises.
C-Premiucrs o~ such mortgage g~ar~ntiy icsvra~ ce .~s n:o•tyagee shail fro~: t~me to time deem fit to carry on the loan secured hereby.
Mwtgagee sh:,!: `rcm t~•r.e ro time nc;~fy +ncrt;~gcr ~n w~;t~ng of the arro~~v dve and payable hereunder and svth su~n sha'.I thereupon be due and
;~yabte on tF,e d~z a,,!r ot the r.ext month:~ pay:-':nt a:~d each s~ccess~ve month ~tie:eafter cr.til mortgagee sha!i notify mongagor of a change in such
i ,~.cunt. Sucn s~ms sha I be appiied by mortga~_e tov.a~d ti~e c:ayment of real prcperty taxes, insu~ance pr~m.ums, ai~d morfgage guaranty insurance
~ n•emi~ms.
i IN Y~ITNESS './HEREOF, tfie saed A10RiGF+GOR has hereu~~to set his ha~d and s~.al the da and ar ' t f ,
~ Signed, Sealed and de~ivered in the presence of: ~
i ' °n
Chaz le s C. Ha 1' J. .~~,q
' (Sea~)
Md rie J Ha t5eaq
SiATE OF FIORIDA ~ . =
S?. UJCIE ~ ss' ,,~,~„~~~„~,~;~Jr . _
COUNTY Of _ 1 ~ . _
Before me persona{ly appeared _ CIIaT 16 S C. Hayl irtea ..1! r~ ~'~.~+=Si=~-
~ZLIl1@ .l. Hayling hcs wife, to nx v~ej~'~Cnowraand kA~wa{O mt~to be
the indrviduats descrited in and who executed tt~e fwegang instrument, and acknowtedged befwe me that they e~Qcu~l'the "u~rlq`.~0? ?f~G pqrposes
rtiere~n expressed. And the said- ~ZUt l@ .l HaY ling ~ = y ~
r,~~e of the s~~a _ Charles C. Hayling, .Jl. : ' upon a separete aod private
e•am~nat~on by me taken separate and apart from her sa:d husband, acknov+ledged to and before me that she execJ~~s81c~`~r`r~en1•fseaJ~r and volun-
r>_r~ly and w~thaut any co~r,pvlsion, constraint, apprehens~on, or fear o1 or from her said husband. .•~ll~~.
March ` A. D. 19 74
WITNESS my han~ and official seal this day of_~ ~ ~ ~
Gt ~ C~C.C~1.---
~ Notary Pubtic in and for the State of Ftor' a at large
,y,, My Comm~ssion expires: ^ ~ ~
~ Returo To:
~ First federal Savings 3 loan Associat,on 2~~~~,~~
O` ~crf P.e~ce. :~J~OEO
~ ~ FIA. /
For: P~crce, Fter:da $7LL~~ii .•j(_S!~;`: ~1 /
~ Rr„" i`~.~tUR~ /~:G~.~.
Ct~[s-.> : 1L
; •
This Instrument Prepared By RObeYt A. Swisher~ JZ. ~~S~u ~q~
First Federal Savings 8 Loan Association Y~ ~j Tl ~
of Forr Pierce ~ Flozida
~
~ Checked By ~ - -
~
s°o~2~5~ ~t;: ~.~~#9 •
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