HomeMy WebLinkAbout2270 3. To place end co~f~nuo~s,y lecp on ~he b~~'ei~rgs no.v or hrre ~fter s~tu~te on w~d ~and and on al: ry~~p~nen~ ar d yersonolly covered t+~ e~or~g- ,
e3e, w~th all premwn,~ ihrreon ~~~.d ~n f~~!, f~re ~~~.sura~,cc :n ~i~e us~al sm~,da~d pol~cy lorrn. ~n a sum a~pro.~d bi u e MOk~":.Gif. n~•J w~~~ds~o~m
~nsurance in the uw.~~ s+~nde~d po!:cy io~~n. ~n a s.,m aF~ royzd by ~he MURTGAGEE, in such co:~~pany or co~:~y=ames aa t1~e A~ORi:>:.GEE may
d~~ect; and all 1iro ar,d w~nJsiorm inwran~a poGc~es o~ any of sa~J Iw+~d.r.9s, a~y ~me~r~~ the~e~n or pa~t ~h~reof, in rhe eyy~..yo~e s~+n afa~es3~~ or
in excess ~hrreof, s~all co~~+ain the ~s~al sta~~Ja~d mo~~g~g~e ciause or such aher dause as the h~ortgayre may req~~re, moA~ng th~ .ou u~~der s~ d pol~- ,
c~es, each and eve~y, pev~b!e to sa~d A10RivAGlE ae ~ts inter~st may aNpear, and each and every such po. c~ shait be piorupt~y ass g~•~d ~~:d de~~~~'n•d to ~
any heid by sald h10RIGAGEE as iunher sewrity to sa~J mortyagr dobt, and, not !ess tF~on ~en (10) d~ys in ad+a~~ce of thr exp~~aT~un ot ne<h po::c1, to de-
i~~er to sa~d MORTGAGEE a ~enewal thercof, Iogether wirh a recelpl for the premium oi such ~ene~al; and ilirre sh,~ll b~ no L~e o~ w~~~detu~:n ~~~s~~ance
placed on a~y o1 sa~d b~i!d~ngs, any inte~est Iherem or part ~hrreof, ~ntess in ihe form and with the loss payob!e as afores3id; a~~d ;n ~he r~cnt any sum
of money becomrs payab!e undrr such po!icy w poGues se~d h'.ORIGAGEE shall have ~he opnon to recerve .=~,d apply ihe seine on dCCOW~~ OF d~a ~~~d~otrJ- `
r.ess :ec~red hereby or to pemiit s~~d IdORTGAGORS ro receivn and ~se it w any par~ the:.•uf fcr o.n•~r ~•~~FOS~•s, ~.~~~~•~~t +h=" ~~,e sa~d~ re~~~~s
~ so • •
ing any eqv~ty, I~en or r~ght undcr or by virtue of ~his mc:!gage; and in the event sa.d MORTGAGORS sh.+fl for any reaso~ fail to krep P '
~~~swed, o~ fail t0 delivc~ promplly dny of said poGcic-S of insurance 10 Satd MORTGAGEE, Or fad promptly to pay f~;ly any p~r~n~~~n thcrefcr Or ~n a'~y '
~espect lail to pe~torm, d~scha~ge, ea~~cute, effect. complete, co:»ply with and abide by th~s cuvenan~, o~ any pan hr~eof, sa~d MGRiG::GEE may piace a~•o ~
pey for suth insurance or any part thereof w~~hout waiving or alfecti~9 any opt~on, lien, equ~~y, or nght ~nder or by virt~e of ih~s h~o~tgage, and ~he
f~il amo~nt oi each and e.ery nuch paym~nt shall br immediately due and payable and shall bear inter~-at Irom tha date t1~c~rof unu~ p.,~d at the r~re o~
~~~•~e prr c..•ntum per ann~~n and to~~th~-r ~n~th suci~ inte:rst shai~ '.~e sewred by the lien of this mo~tgage.
4. To permit, commit w wf(er no waste, impairment or d~trriorat~on of aa~d property or any parl ther~~f.
5. To pay all and s~~+gular the costs, charges and expenses, including a reasonable a?tomey's (ee and cos~s of absvacrs ot trt'e, incurred or p.,.d at
jny lime by sdid MORTGAG`.E, b2cauSC ot in the ever.t ol 1hO iai~ure On the pdrf Of fhe Sait~ MORiGA~iOR to duly, pr0+•~{~1iy anC~ fu~~y prrlorm, ~l~stn,vge
_.rcute, etfect, comp!ete, co~nply w~th and ab.de by each and Nvery the stipu~a~~ons, agree~nents, conditions, and covenan~s o~ sa~d p~o=n:~:ory note a~;d th~;~
^:orrgage any o~ e~~her, and srd costs, cha~ges and cxpenses, each and every, shall be immrdiate~y dve and payabfe; wh~•ther or not there be nonce d~
n~ar,d, atiempt to cd~lect or suil pend~ng; and 1he (ull anwum oi each and every suth paymem shall bea. in~erest from the date thereof until paid at the
~.~e of n~ne uer crntwu ~:~~r an~w:n: aiu: a~~ said cos~s, cna~ge: a:~d ex; ansea ir.wned or paid, toge~her w~th such inte+est, shatl Ee secured by the l~en of th~s
rnortgage.
6. ihat (a) in the evem of any brcach of this ldortgage or defa~lt on the pa~t of the MORTGAGOR, or ;b) ~n the event any o1 sid sums of money
herein referred to be not pro~np'Iy and fully pa~d N~thin tturty (3U) days next ai~e. the same se~eratty becorne due and payable, without de~nand or norice,
ei ~c) in the event each and every the stipu:at~ons, agrrements, tonditio~~s a~xl covenants o4 Sa.d prcmisswy r.ote and th~s mor~gage any or enher are nol
~~;y, promptly and fully perfonned, d,scharg~~d, e,cecurrd, eifected, compfeted, compl~ed w~~h and ab~ded 5y, then in e.~her or any such rvent the sa:d ag
a~._gate s~m memwned in sa~d premissory ncte then remaining unpaid, with imerest accr~ed, and ai! moixys secured hereby, shalf becon~e due and pay
eu a(orth.vith, or thereafrer, at the opt~on of so~d MORiGAGEE, as fully and corr.ple~ely os it all of ~he soid s~ms of a~oney were on9~nally st,pulated
ro be pa~d on such day, anything in sa:d pro~~~issory note o~ in this Mortgage to tF.= contrary notwi~hs~and~a~y; and thare~pon or ~hr~eafter at the opt.on of
s~ d MORiGAGEE, wrthovt nor~ce or demand, suit at law w in equ~ty; tnerefcre or thereaf~er b~yun, may be prosecwrd as if afi moneys srcured hereb~
~.~d matureJ pnor to ~ti institution.
7. That in the event that at the beginn~ng of or at any ti~ne pending any su~t upon th~s Mwtgage, er to foredose it, or to reform i1, or to enforce
q,.~yment of any c'e;~ns hereunder, said htJRTGAGEE shni: opply to the Court havin~ ~unsd~cr.on thereot for the appo~nt~nent of a Recriver, such Co~rt shail
r~.: thw~~h appoint a~ece~ver o4 said mortgaged p+operty ait and singular, ind~d.~~g all and s~ngu+a~ ~he incon,e, prolrts, issues and reven~es from wh~tever
s~ ~••ce dcrived, eoch ar.d every of wh:ch, rt be;ng exNress!y understood, is hereby mor~gaged as if spec~ircally sat forth and desu~t~d m the g~arr~ng and
t ri~endum cia~ses F.ereo~, and such Receiver ;hail have a!1 ~he br~ad and efiecrive funct~ons and po~+e~s in anyw~se ent~usted by a Co~~rt to a Rec~•~Yer, a~~d
s_:h appointmeiit shatl be n:ade by s~ch Court as an admitt~•d equity and a ma~ter of absolute r~gh~ to said MORiGAGEE, and v.ithout reference ro the
ad_~qu;cy or inadequacy ot the value of the pro~erry moirgaged or to the so.vency or ~nsolve~cy oF said MORiGAGOR o~ the de'.r,~dants, and that s~ch
r~•,n, profits, income, iss~~es and revenues sna~l oe appiied by such Rete~ver accordmg to the lien or equity of said MORiGAGEE and the pra:rice of such
Court.
B. To duly, pro:nptty and fut~y perform, d~scharge, exerne, effect, complete, mmp~y with and abide by each and every the st~pulations, agreements,
:.;nditions and covenants ,n sa~d promissory nose and th~s mortgage set forth.
9. That in the event the ownersh~p of the morrgaged premises, or any part thcreoi, 6ecomes vested in a person other than the MORTGAGOR, the
:'ORTGAGEE, its successors and ass~gns, may, without notice to the P:10RTGAJR, dea~ wnh wch successor or successor in ~nterest w~th rrference to th~s
o•igage ar.d tne d~bi hereby secured in the samr manner as with Nto~tgago. wrthout in any way viuating or d:scharging the lAortgagors' liab~iity hare-
~ der or upon the debt hereby seca~ed. No sa!e of the pren,nes hereby mortgaged ar.d no forbearance on tne pan of the IAORTGAGEE or its successors
~r assigns ard no extension o~ the timr far ~he payment of the deb~ h^reby secured given by the MOR?GAGEE o~ its wccessors or oss:gns, a~~all operate
ro reiease, d.scF.arge, mod~fy change or affecr tne o+~g~nal Gau~{rty of the MORTGAGOR herein, either m whole or in part.
10. Ir is spec~ffcal;y agreed fhat t~me is of the essence of th;s contraU and that no waiver of any obl~gat~on hereunder or of the obligation s~
,~rrd hereby sha:i ar any tin:e rhrreafter be he:d to be a weiver af the terms hereof w of the instrument secured herby.
11. In addt:o~ 'o th~ forc9o ~~9 ~nont~:y F:aym~-ntz of princ pai ar,d interest required by the prom:ssory no!e sewred hcrrbr, mortgayor tovenants
d ag+ees ro pey eo r~:c-tgagee v.~th each ~:•onrh!y pay~..ent an add~+~onal s~m es~ aied by mortgagee to be equal to 1, 12 of ti:c an. ual cosr of the ioilow-
f 3
i A-A!I real property taxes tcv~c~ or aszess_ri ay~i•~st !hc ahove desv~bcd rraf estate.
`sp B Pr_ , u^~s on f~re and v::r.dsror~n ~rsurrce as nere~n reqv;red to be corr.ed on the improveme~ts s+tuate on the abose d~scribed p~em:ses.
i C-Pre:r~u:~s o~~ sucn mo:r~•ge gua~ansy ir.s~~a~.ce as mc~sgagee shaJ fr„•~ `me to tu~e deem fit to carry on the loan secu:~~d hereby.
; N!ortgagee s~.ai~ frem ..a to +:~~~e ncr~f; rtrerty~g~r ~n N~itmg o! tha a~-~o~•~t due ar.d payanle hereundar a~id such su~~ s~a;i there~pon be due and
; ,.+b'e on th~~ d~•.~ oare cr ~na r^xt n;onth.7 pay~nant a~;d eoch s~ccess~.e ~~c~~th tnereaft:r ur,ti! mertgagee shatl notlfy mortgagor of a change ~n such
o~nt. $uch svms sra.i a;,~::;,~ by mor•ga~.e to,nard !he paymeni of reaf prope~ty taxes, inwra,xe prem.u:ns, and mortgagc guaranty insurance
~ i.•emiums.
' IN ~VlT:JESS ':.'HER~OF, rhe sa~d ~J~OR7GAGOR has here~nto set his hand and seat fhe day and year first aior d. ~ N
~ Signed, Seafed ar.d livered in the presence of: / r ~
F ~ _ iJ/ ~ ' al)
_ sLL~ ~ . • • v 1
^ ~ _ rl - i5eal)
~ ~ / ~C-L" ~ C ` tLt ~--r- L,~ / ' "-~L~ _~Seal)
~ ~n ~c~ e~ an
~ ' ~ tSQaq
r
~ - _ -
~
~ 5 ~ %:iE OF FLORIQA . ~
SS.
~JUNTY OF rt LI~C~' _ 1
~ Before me personally appeared Charles ii. MeCieL~n and
~S Jt~ lLnn i!i~ ~'~(`~;~<?~?an his wife, to me well known and icnown to me to be
ind:viduais desv~bed in and who ezecured the forego~ng instrument, and acknow~edged befwe me that they exewted the same for the purposes
rherein expressed. And she sald_ _sio r,.,., l:t Tln('l al ~~n _
~ .:;fe of the said - C~. ie5 i7. i•tC.riZ6 I3A _ upon a separete and private
1~ c.am~nar:on by me tak~n separate and apart from her said hvsband, ackno«ledged to and before me that she eaecuted said instrument freely a~~d vo~un-
~r~ty and w~tho~t any comp~:sion, constraint, apprehens,on w fear of or (rom het said husband.
WIThc55 my hand and oificat seal this_ - day of • A T'1~ . D~ 1974
' l , •
~ / Notary Publi~ in and for the 5 of Fto ~ a at large
~ ` My Comm;ssion expires: , ~1~ /I J
~ ,
<; Ret~m To:
First Federal Savin~s 6 loan Associat:on
Of . ,,t P ~ rca.
Fcrt P~...ce. Fiurlda ~ . .
Y•r• f~ ~
- p ~1#'+'~5 T ~ , ..l .
- - AiL1[~=~~~~ _ ,
This Instrument Prepared By ~~Y'Y ° • ~=1WO ~ ~~yEp'c1f0 . . ~ ~ r; ~
` First Federa~ Savings & Loan Associaaion 4 19 - ~ ~ ~ ~ ~ .
s; of Fort Pierces - lori..a
~ ~ Checked B j, u~ ,
Y - ~ ,;r.' F . . . . ~
~ ~
~ ~,~0~226 ~?~2b9 . . . _ " ~ ' ,
~
~'z'..t. _ _ _ _ _ _
- - - - -
~ - ~
:
~
` ti _ ~ a
~ _ _ _ ~ , - - ' - - .