HomeMy WebLinkAbout1580 3. To plate and co~~inuo~aly keep on the bu~:dmgs now or hereaiter ~~t~ate on sa:d land and on ai; ~~(~u~yinCnT d+~e~ F'e~SOnJ~~y cover~d by ~h~s n,or~g•
ege, w+th all premivms thrreon Na:d in tuli, hre inwranca m ina ~suei a~a~,dard F;o;~cy form, in a e.,:n appioved b~ ti~e MOR~G:.tiEE, acd w~~~da~o~m
in:urante ~n Ihe us~al standard pol.cy Fwm, in • wm appro~ed 6y the MORTGAGEE, in such co~npany or co~ni~ames as the ~.tORiVAGEE mar
direct; and all fire and w~ndsrorm ins~ranta policief on any of sa~d bvild~ngs, any interest therein or parf th~teo~, in ~he aggr~ga~e ivm aforesa~d o~
in excess ~hc~eof, slwtl co~tain the usual sta~~dard mortg.~gee clause w such o~Fur c~auie as the Mortyayee may ~equae, makins the ~css ur~e~ s.+.J po~i-
c~rs, each and every, payable ro sa~d A~ORiGAGEE as ~ts iroares~ may appear, and each and every su<h poiicy shall 1~ p~omptly au g~~eJ a~:d da•~Yc~.:d ~o
any held by sa~d MOR(GAGEE as further secu~iry to said mortgage drbt, and, not less than ~en (10) days in ad.a~~ce of the exp~~ahon of rach poGcy, ~o de-
!ive~ to said MORTGAGEE a renewal ~hereof, toge~her with a rece~pt for the p~am~um of such renewal; and there shail be rw Lre or w~~,di~o~m insurance
placed on any of said buildings, any intereit there~n or part thereof, unless in the form and with ~he Icti~ payab!e as aio~esaid; and in the event any t~m
ot money betomes payable under such policy or poGcies saiJ MOR7GAGEE sf~~ll have the opf~on ~o recr~vr an~ ap~ly ihe san:e on atcount of the indet~t~•d-
ness secured hereby o+ to permit sa~d MURTGAGORS to receive and use it or any par~ ihereof tor or~~.•r ~,ur~ oies, .,•~i~-~~t th_~. w:. P~~"
iny any equify, lien or right undat or by virt~e of Ihis mor!gage; and in Ihe evertt sa~d MORTGaGORS shall for~any reason fail to krep ~he sa~d pie~nis_•s so
insured, or fail 1o de!iver p~anptly any of said po~;cies of ~nsurance to said MORTGAGEE, or lad pron:p~ly ~o pay fully any prr~~~~~~~ ~herefor or in a~y
respect fait to perform, discha~ge, exet~te, efied, complete, tanply with and ab~de by ~his tovenan~, o~ any part hareof, said MURiGaGEE mey p~ace a~tl
pay iw such insurance or any part the~eof w~thout waiving or af(ect~ng any o?~ion, lie~, equ~ty, or right under w b/ virwe of this Moregage, and the
l~il amount ot each and every such paymenf shall be ~mmediately due and payable and ahall bcar iNereat from tha date thereof until pa~d at the rate ol
n~ne per cenlum per annum and to~elhrr vfnh svch intcrest shaii be s<cured by Ihe lien of this mongage.
1. To pe~mit, commit or suffer no was~e, impairmenl or deter~orat~on of said p~operty or any part thrreof.
5. To pay all and singula~ the costs, charges and expenses, inc~uding a reasonable at~orney's fee and costs of abs~racts of t~tle, incurred or pa~d at
any time by sa~d MORiGAG'E, because or in ihe evem of the failure o~ the part of ~he said MORiGAGOR to duly, promptly and fu~~y perform, d~scharge.
_aecutr, efied, complete, co+nply w~th and ab:de by each and every ~he stlpu~a+~ons, agreemems, conditions, and covenaros of sa~d prorn~ssory note ar.d this
mertgage any or e~ther, and sald cosrs, charges and expenses, cach and every, ahal( be immediately due and payable; whether or not there oe nouce dz
rt,and, attempt to col(ed o? suit pend~ng; and the tull amount of each end every such payment shali bea. interest from 1he date thereot u~til pa~d at the
r~~e o~ nine per c<ncum p~r am,u:n: and ail sa~d cosfs, charges and exprnses irxurred or paid, together w.~h auch interast, shall be secured by the I+rn of th~i
mortgage.
b. That (a) in the event of any breach of this Mwtgage or defaull on the part oi the k.ORTGAGOR, w(b) in the event any of sa d sums of n~oney
herein roFerred to be rot promptly and fully pa~d wifhin fh.rty l30) days next a4ter the same severally become due and payable, wi~lwut demand or not~ce,
er (c) in the eveM each and every the nGpu~at~ons, agreemems, condis~ons and covenants o1 sa,d prom~ssory note and th~s mortgage any or enher are not
j~ly, promptly and fully performed, ds.harged, eaecuted, eifected, compteted, compGed w~th and a6~ded Sy, then in e;ther or any ivch eveM the sa~d ag-
gregate sum meM~oned in said promissory nvte then remaining unpa;d, with intere,~ actr~ed, and a;l moneys secured hereby, sF~all betome d~e and pa~r-
a~:e forthwith, or thereatter, at the op~ion of sa~d MORiGAGEE, as fully and comp:ete~y as if all of thr said sums of money were ong~na:ly st~pu~ated
!o be paid on such dcy, anything in sa.d pro~ussory note or in this Mortgage to the tontrery not~ni~hstanding; and thereupon or thereafter a? the opt;on of
s~.d MORTGAGEE, wrtFwut nonce o* demand, suit at law w in equity, theiefore w thereaher begun, may be prosecuted as if all moneys secuted hzreby
n~d matured pnor to As institWion.
7. That in the event that at tfie beginn~ng o( or at any time pending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce
paymenr of any dai~ns he~eunder, sa~d MORTGAGEE sha:l appiy to the Cour~ ha~i~~g ~unsd~ct:on thrreof fo~ the appo~ntmem of s Receiver, such Court shaH
ic,rrhwith appoint a receiver of said mortgagcd property all and singufar, includ•~g atl and singular the income, profits, iss~es a~:d revenues from wh:.tever
s.~.,:ce derived, each end every of ~vh.ch, ir be~ng express~y unders~ood, is hereby mor~gaged as i1 spec~i~catly set forth and desaibed in the gran~~:ig and
n36endum clauses hereof, and such Receiver shail have aIt the broad and effecrrve funcr.ons and po.vers in anywise entrusted by a Co~rt to a Receiver, a~~d
s~ch appointment shaU be made by wch Gcurt as an admitted equ~ty and a rnaner of absoiute rlght ro sa~d MORTGAGEE, and wi~hout refernnce to thr
adeyuacy or inadeq~aty of the vatue of tF.e property mortgaged or to the so:~~ency ar ~nsow,~ncy oi sa;d MORiGAGOR or the defendan!s, a~:d ~hat such
•_~:~s, profits, income, issues and revenues ahall be appiied by wch Rece~~er eccord~ng to the lien or equit~ of said MORTGAGEE and t1:e practice of such
Court.
8. To duly, promptly and fully perform, discharge, execute, effect, comp~ete, comply w~th and abide by each and every the .st~puiations, agreements,
;cnditions and covenants ~n smd promissory note and th:s mortgage sat forth.
9. Tha1 in the event the owne.sh~p of the mortgaged prem~ses, or any part thereof, becomes vested in a person otF~er than the MORTGAGOR, the
:'.ORTGAGEE, its successo~s and assigns, may, without notice to ihe ~10RTGAOR, deat w~lh wch suctessor or Suttessor ~n interesl with reference to th~s
~rortgage and the d~b! hereby secured in the same manner as w:sh ldortgagor wrrhout in any way viY:ating or d~scharg~ng tha Nlorrgagors' liab:l~ty here-
~r.der or upon the debt hereby secvred. No sa:e of the premnes hrreby mortgaqed ard no forbearance on the part of the I~10RTGAvEE or irs successon
or ass~gns and no extension of the timA for the paymer~t of the debt hereby secu.ed grven by the MORTGAGEE or its s~ccessws or ass:gns, abal{ operate
to release, d~scharge, modify change or affect the oiig~nal liau~l6ry of the MORTGAGOR herein, either in whole or in pa~~.
~ 10. It is spec~fical!y agreed that time is of the essence of this contract and that no waiver of any ob~lgat~on hereunder or of the ob!igation se-
i c~red hereby shal~ at any time therea4ter be held to be a waiaer of the terms~hereol or of the instrument secu.ed herby.
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e I1. In add~tio~ to the Forege nq month!y payments o4 princ pat and inierest required by the prom.ssery no!e secu.ed herzb~, mortgagar eovenants
~ :^d ag~ees to pay to mo:tqagee v~~th each ~nonrhiy pay~nent an add:r~onal sum es;~n:ared by mort3a~ee to be eq~al to 1, i2 of thr anr.ua: cos~ of the foiiow-
g :y:
i
~ A-Atl reai property taxas lev~ed or assess~v ,:ga~~st t!c a}:ove desc~~bcd real estate.
B-Pren~.~ums on f:re and windsto•,*~ ~nwra~.ce as i~e~e~n .eq~,red to br car:l•:d on the :mrrovemeits s~tuate on th~ above d=su~hed premises.
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Y C-Premiums on wch mortgage g~aranty ms_~ra~ ce as mortgagee sha~l frcm r.me to hm< deem fit to carry on the toan secured hereby.
~ Mo~tgagee sha~! from t~ ne to ?~:Tie ncti4~ mo~t~yvgor In v.rir;ng of the a^~ount due and payable hereund~t and suth s~m shai! thzreupon be due and
; ,.>.;able on the due oate of the r.ext momhi~ paym~nt and esch successive momh the:eait,r u:.tit mertgagee shall not;fy mo~toagor of a change in such
~ o~nt. Such sums s1all ~e ary~i~ed by mortgayae rorrard tne ~ayn,ent of teaV property taxes, inwr~.ice p~em.ums, and me:tgage guaranty ins~rance
~ •emiums.
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= IN ~YIiPJE55 VJHEREOF, the sa:d h10RTGAGvR has hereunto set his hand and seal the day and e iirst aforesaed.
y~ S~gned, Sealed ar.d delivered in the presence of:
~ ~ ~ (Seal)
~ lOld W1 OLL '
~ C ~ ' • c. ,LC, / i L ~5!a~~
~ ~ j >
~y ~ "~cs~a~~
~ ~ ~ -JOS ph in¢ F . Wi lmOt t (seaq
;E, ,
~ )
SiirTE OF FLORIDA~--1
u.
~ ~JUNTY OF SL . LiiC16 ~
~ Before me personalty appeared HaY01(~ WIIIOOLt . and
~ Jose hine R. Wilmott
P his wi1e, to me well known and kno•+vn to me to be
the individuats desuihed in and who executed the foregoing instrumeM, and acknowledged before me that they executed the same for the purposes
rhe.ein expressed_ Md the sa~d- JOSe~11Ae F. {A~11IDOtt
r' HarOld WllmOtt
=~i .vlfe of ~he said upo~ a separate and private .
~¦am~natlon by me taicen separate and apart from her said husband, acknowledged to and before me that she eaecuted said insrrument freely and volvn- x
}arily and w:tho~t any compulsion, constraint, apprehen/s~on, w fear of or fram her said husband. '4 ~
WIThESS my hand and offic~al seal th~s__ ~l/-~~- day or Apri 1, A_ D. 19
- / ~:C~ ~ 'L -
' :Notary Public in a~d ior the Sta 'of Fbri ~~at Large
' My Comm~ssion expires: - / -
' Ret~m To: ~ ~~//U
= First Federa~ Savings A. loan Assoc~ahon
~ Of Fort P e~ce. t~~~~~ ^ .
~ Fort P~erce. Ftorida ~ jY ~
~ ti~Lli~l~ .,1 ~
:~~;s A6~:'s~ "r8itst~5 : i '
_ c~~nc aK;,w; cos+~t - _ _
. r -
PfCflkC yER F j~O~~~ ~ - ' •
3 This Instrument Prepared ByWilliaa J. FOrbes , : ~
- ~ ~ 3 ~ QI~'T~1 : : ~ ~ ~
; .;;5 First Federal Savings & Loan Association _ : - _ . -
of Fort Pierce , Flozida ; • , _ - ~ ~ ~ _
' . 2~i~~
:01 = - ` ? G :
Checked By'!':.~---- . n~,~•; ,~~5
G~;_~_ ; . .
aooK226 ~?cE~S}(9 .
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