HomeMy WebLinkAbout2145 3. To ptace and con~~nuousiy keep o~ the !_u~ d~r•gs nu~ or he~caitrr a~~uete on sa:J ~and and o~ ai; rqu~~•~'~rn~ a~~tl ~n:~sOnd~~y CO.e~ad b/ t?+~s mo~~g•
ege, w~~h ail prrmi~ms thereon pa.d m futl, I~re ~~~s•..ra~~:e ~n tne v~~.~l srandard pot~cy form, m a sum dN~~~O~C(~ b~ ~~~e l.tvR~v%~vtE, a~~d v.~ +d:~o~m
~r~wrance in ~he ~wal ~te~~dard pc..cy for~n, in a au~n aNpro.ed by ~he MORTGAGEE, in iuch compa~,/ or cc:.,,~~~~es es the !1C2TG.~vEE may
d:~cct; end all fire and w~ndarorm insurance po,~t~rs on aoy of sa~d bul~d~ngs, any intarest the~ein or parl Ihcreof, in the agy~cyate s.:m aforeso~d or
in excess thereof, shall contain the uwal s~a~~Jmd mor~g.,gee cia~se o~ euch othcr cleuse as the Mo~~yayee may irqu.rr, mai~~ng ii~e ~c~s w~J~~~ s~~d po~i-
c~es, each and every, pa~abte ro sald AtORTGAGEE as it: ~ni<~~st may appea~, and each and eve~y a~ch pta~~c/ sha~l 1~e Hr~n:Nt:y ass g~.<d ~,•d de ~•~•<<•d ~o
any held by sa~d 110RfGAGEE as f~~thrr sew~ny to sa:J n.onyage debt, ard, no4 less than ten (101 days in ad+ance of the e¦p~re~~o~~ of each po!~c~. ~o dr
I~vr~ ro said 610RTGAGEE a renewol thereof, to~e~her with a rece~pt 1or the p.emwm of svch renrwa:: and thrre ahafl be rw i.re o. v.~~~ssto~~n u:s„rance
p!eced or+ any ol sa~d buitd~ngs, any intf~est there~n w pait thereo~. unleas ~n the form and wah the lois payable as a'oresaid; and in the e~ent a~~y sum .
01 money Geco+nes payable under s~ch policy or poi~c~es said MOkTGAGEE sh~ll heve ihe op~~on to reo:~~~r anJ appty the aa~ne on ac;ow,t oi the in3~-Lfed-
r~ess sec~red hr~eby or to permit aa~d MORTGAGORS to rece~ve and use it or any prr~ ~barroe tor ofh~,r ~.un:os~~s, ; ^'7 ~r •
~ny any equ~ty, lien or riyht undrr or by vi~tue of ~his moc7gage; and in the event sa:d MORTGAvORS ahall for any reason ia~l ~o keep the sa~d pre~nis:s so
~nwred, or fail to deGve~ promptly any of Sa~d po~:ues of insutance ro sa:d MORiGAGEE, or foi! pecn~ptly to H~aY fu!ly any p~e~~~~~:n thercfot o~ i~'. a^y
.espect fail to perlo~m, dischurge, execute, effecl, coniplete, co:nply with and ab~de by th~s <ovenant, o~ any p~r~ htreof, sa~d Ml~RivAGEE ~»ay piace a:A +
pay (o? such inwrante or any part thereof w~thout waiving w affecting any ophon, lien, equ~sy, or nght under o~ b~ ~~~~~e of th~s hlcrtgage, ar.d the
!011 amount of each and e+ery svch paymenl shall be immed~ately due and payable and shatl bear mterest from tho da~e thereof unsil p~~d at tne rate ol
~.ne prr cenW~n per annum and to~~th~r w~th such inter~st shail be secured by the ~~en o1 thia mortgage.
To permi?, tommit or suffer no wa:te, imVai~mcnt or deterioretion of sa~d prope~ty or a~y pa~t thereof.
5. ~o psy all and singular the costs, charges and e+epensea, inc~ud~ng a reaaonabte attaney's fee ar.d costs of abstracts of tit~r, incwrvd or pa~d ai
~~y tin:e by sa~d MURIGAG:E, becaune or i~ the evem of the fa~lure on ~he par~ of the sa~d N10RTGAGOR ro duly, pru npNy and fu11y perfonn, d~acnarge
_=~~cute, effeu, comp~ete, cemply wnh and abde by each and every the st~pulat~ons, agreements, cond~~~ons, and covenanrs of s~~d pron~~ssory ncte a~~d Th~~
"orrgage any or e~ther, and said costs, charges and expenses, each and eve~y, shall be immrdlatety due and payab:e; v.hether o? not ti~ere be noT~ce d~-
~.and, atrempt to colletl or suit pend~ng; and the full amount of each and every wch payment shall bear ~nteres~ hom ~he dare thereol unrii paid at rhe
of ninr ~r ccntu~n p.•~ an~~u:n; anc' all said costs, ciiarges and ex:xnses incurred or paid, togtlher w~th suth ~me~est, 3haU be secwed by the i~rn of th~s
r.,ortgege.
6. That (a) in thr event of any brrach of th~s Mortgage or defaul~ on the part of the MORFGAGOR, or ;b) in the event any of sa:d w~ns of mo~ey
hercin refe~red to be not pranptly and ~ully paid werh~n th,rty (30) days nex~ dite~ ~he same severa'.fy bec~~e due and payab!e, wi~hout de:nand or no~,ce.
er ~c) in the event each and every the stipu~arians, agreements, condsions and covenants oi sa d promiswry note and th,s mougage any or en~er are not
j~ly, promptly and fully performed, d~schargcd, executed, effected, completed, com~Ged w~th and ab~ded Sy, then in e~thtr or any such event the aa.d ag
~rr~ate sum meNioned in said promissory nc;e thtn re~r.aining unpa:d, with interest accrued, and a~i monrys sec~red hereby, shail Gecome d~e and pa~-
n:; e forthwith, o~ thereafter, at the opnon of said AtORTGAGEE, as f~ity a~x! completeSy as if all of thr sa~d s~ms of mu~ey were ongina.ly st~pu~ated
to be paid un s~th d~y, anything in sa.d pro~r.'ssory note or in lhis Mortgage to the tontrary noh.vithstand~ng; and thereupon oi therea~ter at the op~~on of
s: ~ MORTGAGEE, without not~ce or demand, wit at ~aw o~ in equ~ty, therefore or thereaiter bcgun, may be prosecuted as if all morteys secured hereby
n,d maWred pnor lo ~b insl~tuAOn. ~
7, That in the event that at the beginn~ng of or at a~y time pending any su~t upon this Mortgage, w to ~oretlose it, or to reform if, or to enforce
~a,rmenf of any de~ms here~nder, sa~d L10RTGAGEE shal! apply to the Court having rynid:ttion thereof for the appo~~tr~ent of a Receiver, such Court sha~l
i;,: ehwith appo+nt a recei~er of said mortgaged proparty ail and a~ngu!ar, inclvd.ng eit and s ng~lar the inco~r.e, prof~ts, issues and ~eve~ves from wh~te~er
s, :~ce darived, each' and every of wh,ch, ~f ~~ng eapress!y undcrs~ood, is hereby mortgaged as if s~ec;fically set ionh and dexr~brd i~ the grannng ar.d
~soerd~m c!a~ses hereof, and svch Receiver shail have a11 the broad ar,d effecrive f~nc:ons and powers in anywisc entrusted by a Co~~t to a Recz~ver, a•~d
_h appointment shali bc r.~.ade by svch Courf as an ad:nn~rd eguity and a mat~er of absotu~e r~ght to said /NORTGAGEE, and wrthovt ref~rence to the
~_.i~q~;cy or inadequacv of the val~e of ~he property mo:tgaged or ~o tt~e so.vency or insoioenc/ of said MOR:GAGOR or tF.e dc~ie~~da~~ts, and that such
r: :rs, profits, incwne, ~ssues and revenues shail be appl~ed ty sucn Recerver occordu~g to the ~ien or equ~ty of sa~d A10RTGAGEF and the praU~ce of such
Court.
8. To dufy, prompt:y and lui!y per{orm, discharge, execute, effect, compiete, comply wlth and abide by each and every the st~puiations, agrcerneMS,
,~,d~~~ons and covenar~rs m sa~d prom;ssory no+e ar,d th~s m:~tg3ge set forfh.
9. That in the event the ownersh~p of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
'~RTGAGEE, its successors ar.d ass~gns, may, w~rhout r.once to the MORIGaOR, deal wnh wch svccessor w sutcessor in ~nterest with refrrence to thq
~•'gage and the deot t;ereby seu~red in the same manii:r as vvith 1llort~agor w~thout in any way vit~ating or d~scha~ging the Nlorsgagori IiabJlly h~zre-
i~•r or upon the debt hereby secuied. No sa'.e of the F~en,:ses hereby mortgaged a~d no forbearance on the part of the /1lORTGAGEE or its successors
cr ass~gns and ne extension cf the t~me for the payment of the debr he.e!,y secured g~~en by the MORiGAGEE or ~ts suctessors or ass.gns, anaft operate
~c re•ease, d.scharge, mudify change or affec? the orig;nal liaoJ~ty of the MORTGAGOR here~n, eilher in whole or in part.
10. is speufic~lly agreed that t~me is of the esse~ce of this contract and that no waiver of any obGgat:on hereunder or of the obligation se-
,,.-ad hereby shal~ at sny ti;~e thereatter be he!d to be a v,ai~er of ihe terms hereof or of the instrumero secured herby.
11. In ~cid Y:o~ ro th~ foreg~ ~~g omn"y payments of pri~:c pai and interest requ~red by the promssery ro'e secured her•.b~, mo~tga~or covenants
egr~es ro pay ~o ~ncrtgag~e w~rh each munthiy ~.alr :e~~r an atid~rionai sum es!'rt ared by matgagee ~o be equai to 1 12 of tIx annoal cost af th~ follow-
i A-A~i reai Frocccc/ t~x~s lev~~~ or dSSC55_~ ~g3~•~st tn~ ai:ove d.,sa~b;d real estate.
! B- Frer~.,;,•^s o~ ~~•e ard ,~y~~:dSTOTI ~r.s~racce as i:zre~n r•_q~~red to be ct~~~ed er. the ~m,:roveme~ts s tuate on tn~- above d_sc~:bcd prem~ses.
~ C-Prem~o:~~s on s~ch rrortg.,ae g~aranty msura~.ce as mo•rgagee shail frc-r r me to time deem fit to carry o~ the loan sec~red hereby.
i
~ hlort a e s~a'! °rem tune +o t~n~e notifi mcrryagor in wrih~g of the a-o~.~t d~e and payab:e hereundar and svch au~~ shafl tfiereupon be due and
.>b1e on tha d~~• d:~•e of the n.rxt r~~ontl+'~ pay~nent and eac!~ suctess~ve mon!h tnereafte+ ur,t~l mortgaaee sha!t ~ot;fy mo•tgagor of a change m wch
~ 9 -
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•~unt. $uch su:ns sc3:l be a~F:'.~ed ~y mGrtg y-t~ tonard sF.e Hayrr.enr oE rea: properfy taxes, inwrance p~em.umS, a:~d mortgage gvaranty ~nwrence
t . =rr;iums.
~ IN \'~ITNE55 :S'HEREO~, the sa~d NORiGAGOR has here~nto set his hand and scei rhe day and year tirst aforesaid.
~ S~yned, $ealed and defivertd in the preaente of:
; ` _ , , ~ ~ r0 ~ . Ut ICl Tt (Seal)
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a - ~ " ~ ~ L3.r,LCUt~ (Seal)
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="A i E OF FLORIDA
~ ~ SS.
CJUNTY OF S t, LUC lE' ~
~ Before me personally appeared _ H~LO1Cj l•j, Butman and
~ Florence G. BUtIDaTI his wife, to me well krtown and known to me to be
t; r,_ ind~vidua:s describ=d in and who executed eh: foregoing instrument, and acknowtedged before me that they eaecuted the same for the purposes
~~:erein ex ressed. And the sa~d__-- F lorence G. P utman
;
~ p Ha ro ld 4+ . R Ut.IRa Il _ ~p~ a separate and private
r.: r..+e of the said
_~am~nat~on by me taken separate ar.d apart from her said husband, acknowledged to and befo~e me that she executed said instrument freely and volum
~s ~•,iy and w~thout any cornrulsion, co~straint, app ehe~s:on, or fear of or from her said husband. ~
~ ~J A r i 1 ' . ~ v_73_
WI7NESS my hand and ofF~ual sral this- ~7y~L~/ _ tiay ,
-1 ~ ' ~
" Notary Pub~~c in and Eor the St e of F{or(~a at large
A1y Comrrrssion exp~res: ~
Retu~n To: L~
~ First Federal Savings b Loan Associat~on
~ Of Fort P KEGUROEO ,
; Fcrt P~:,rce, Fic~~da F11E0 AMD ~tY f~•
3 SLPOGEP O~IU?5 Rj . .L-1.. •
_ = C RK C1 nCUIT C~ ~ , ' J _ ' .
LE~ VE~?FtED~ _ ..v
~ 11ECOR , _
This Instrument Prepared By Ga ry F. ~llwood ~ ~~O ~~'a -
First Federal Savings 8~ Loan Association ~'i `
of Fort Pierce , Florida - . • -Cl;; ;
~f'~ Checked By ` _ .
28US11 ~ y _
_ = ~QO~226 ~~2143
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