HomeMy WebLinkAbout2526 3. To p!ece a~~d wnnn~o..s~y lrep on ei,e L.,~'d~••~s :.u,v or i~r~a~iier s:iwte on s~~d iand and on oC .,y,~y~::ent ,~;1 pr~so~~a;~y cc:crrd E~/ th~a m.ortg-
ege. w;~h alt p~tn~~u~„s tl~r~eon F,~ d~n fu.i, Lre ~nr,:~..~~• .n ~n~• uz~.~l s!o,.d,rd No' cy fo~m. ~n a su~n a+.Nto.rd t,~ ti~,.• fdVk;~A;,,EE. a~. {,n,~r..l~wrm
,nsurence in ~ha usual a!r.~Ja~d F•o:~cy fo~m, ~n a sv~~~ oE F~ru.eJ t~y 1hr h1uk1GAGEE, in such cou~Nany or c~~~-.~.ai~:es as t~~~a 1:~C2I;,AGEE may
d~reU; end all liro o~ J w'~ndi~urm imur.,nce Nui~c~as on any uf sa~d Iw~,d.~~ys, any ~nteres~ there~n or part th~~rrul, in ~he ayy~tya~e su:~~ atoresi~J or .
in excrss Mereai, st~all :onr~~n ihe ~w~l s~e~~d,rJ ~~,o~r:~,3~•~• c..use or su:h o~her cla~se as tne ~duriyoyeo mey ~ry~.r@. n~~k~~~g thu .cas u~~d~•r a,:d poli-
c~es, each and evrry, par~L'a to sa~J h~JRiGAGEE as ~ia ~~~rc~.-st ~r~oy appear, e~:d each an~ eve~y iuch N:~.•cy sF~all i~r prw~.Nt~y ass g~~rd n~•d Je!~•c~~ d~o ~ ,
eny hrld by sa~d h10RIGAGEE as f~~th>_r sewrity to a.~~d ~~~u:tgeyr d~br, and, not :eu ~ban ~en ~10) d~ys in oJrance of ~he exNlro~~un of eech Fo:~cy. ~o de-
I~ver f0 Said h10RTGAGEE a rEney.al the~eof, ~ogethar wnh a rice~{:1 lo~ ihe p~rm~~m o~ wth renrwol; and ILrre ah~U bC no Lre or win:le~e.•~n inswonce
plated on any oi sa~d 6ucdh~9s, any interes? thcre~n o~ part tl~ereof, vnlrsn ~n tht (orm and w~th the lu~s ~~ayet~ie as aluresa~d; and :n ti~e evrnl any t~m
04 money beco~nes payo:>~e unJer w.h po+~cy or poLuas s~~d N•ORTGAl3EE st„i1 heve ~hr opt~on w rec~•~+< ap~;'~ th_~ s~•~~r on ac:ouni o! rhe i~~~~~~~•d-
neli secwed heieby Ot t0 permiT Se~d MURTGAGORS 10 rcCei~c eitt/ oie it Ot .~n~ ~~~.~rl th•::i~of tc.r ;,:+i..• ~.u:. :,n. :..~i:•.: t i~~ •t..••. ~r
~ng any equ~ry, Gen or ~~yht under or by vu~~e of this mec'gage; and in ?he event sa d MORT(;rAi;ORS nhall ior any reason fa~l to k~~rp tFe sa~d ~~~e~n~s.s ao .
~nswed, o~ fail to d~•!~ver promptly any of said poi~c~~s of iniura~~te to sa.d h10RiGAGEE, cr tw: pron Ntty to ~~ay f~.~y any ~::e ~+~wn th_~rator or ~n a~~y .
respect Fail to perform, ds;ha~9e, e~ecu~r, efte!t, coe~p!rt~, co:nply ~.~~h and ab~de by th~s covenanr, e~ a:iy pe~~ h~•reo(, s.+~d M~,~RTG%+GLE ~~~.~y p~ac•~ o~a .
pay For such insu~..nce or any pa~t thereol w~~hout ,waiving w affecting any oyt~on, Len, equ~ty, or ri~ht w:de~ or b~ v~~~ue of ~h~s Morry.~ge, and ~hc
i~u amovm oF each and e~ery such paymrm shell br imnud~ately due and payable and shall b_ar imerrst from ~hr d~ie ~hercof ~~n~I p.:~d ai the rate of
~~.ne pr~ centvm per annu•n and to7e~h:r ,~~rh s~ch in<<••raf sha~~ br s~~cured by the l~en of this mortgagc.
4. To permit, co~nmit or suffer no waste, impairmrN w detariorot~on of seid properly or any aarl thrreof.
5. To pay all a~d sin9ular ~he cosrs, cha.ges and expen:es, ~nclud~ng a reasonable anorney's fee ar,~ ccua ~f abs+rac+s of t~rte, incuned or pa~d at
,ny time by s~~d MORIGAG'_E, becau:e or in ~he event of ~he la.wrr on ~he par~ of ~he sa~d MORiGAGOR ro d~'y, pro~•.ptSy and fuiiy pe~lo~~~~, d~scha~ge.
_...cutr, e~frtt, tomplrte, tomply ivdh end ab.de by each and evrry Ihe st~p~la!~ons, agrcrments, tonditions, and covenants of s~~d pro:n~ssory note a~~d tl~~t
~~o~tgage any or e~~her, ar,d sa d costs, charges and expenses, each and every, shall be +mmrd~ately d~e and payab`e; wh~fher or not ~h~re he no~~cr dr
mcnd, arten,pt to coL'ect or wit pe~~d~ng; and the {ull amount of each and every s~ch paymem sholf t,ea~ interrs~ !rom ihe da~e thereof w»ii paid at the
~.t~ o~ u;ne per antun~ ~ cr o~r~w:n; c:.d aii sa~J cosn, ti.a:y~s ond c.:x~u_s ~ncurred or paid, toy~ther ~ti:th Such ~me~rat, shall be securzd by the I~en of th4
mortgege.
6. lhat (a) in the event of any breach of rhis A1o:tga~e or defa~lt on tF,e part of the MORTGAGOR, or ~b) ~n the event any of sa;d wms of m~ney
he:e~n referrrd to be no~ pron.~pt:y and f~;ly pa+d w~ti~ln th.~ty i30? ders ne.t ar~_•r the same se.•era!!y becor.te d~e and payab!e, witt:ou~ dernand or notice,
or (c) in thr e~ent each and every the snN.;:at~ons, ay~eemeuts, conJ~:,ors and covenants of sa.d pre~nisswy ncce a~~d th,s n,or~gage any o~ e~ther are ~ot
~~:y, promp~l~r and f~1!y perfonnrd, d.scr,aTg,d, execut~d, effec~rd, comp~eted, compi.ed .v~th and ab~d_•d Sy, then in e.:hrr or any s~ch event the sa~d ag~
g~cgate sum ment~oned in sa~Cl ~fO~7uSSJly n~!e then re~:um;~:g un~a~d, with intrrev accrued, and o~1 monc~s sec~r~d hereby, shall bew~:~e d~e and E.a~-
a;, e forthw•~th, or thereafrcr, at the oF>t~on o' ge~d V40RiGA~i~E, as fully aruJ compieee:y as if a~l of t:~e sa~d wr~~s oi money were or~g;na~~v snp~:aTed
be pa~d on such d:.y, anyth~ng in sa d pro:~~~ssory note or in this hlortgage to the contrary not,'r~thstand~~~g: a~~d ~hereuEwn or thereaiter at the opt~on of
s+.d MORTvAGEE, witho~t not~ce or d~~,~and. sv~r at law or in equ~ty, thrre(ore or tl~ercaftrr beg~n, n~ay br prosecwed as ii a!I moneys sec~red hereb~
r._d matured prior to .ts institution.
7. That in the event that at the begin~!ng of or at any t~me pe~ding any su~i ~pon this lJlortgage, or !o foreclose i4 or to re~orm it, or to enfurce
payment of eny cia~ma he•eunder, sn~d MORTGAG~E sha~i appSy to th•~ Cou~t ha.•~ng iunid.cr~on the~eo! far the appomt~nzn? of e Rece~ver, such Court :ha~l
ie thw~th appoint a receiver of s~id mortgaged property al~ and singu:ar, i~ci~d ng a;l and singular ihe income, prof~ts, issues ard revrr.ues from v.h,te+er
s: •.,rce derived, each and every of vvh.ch, ~t be~ng eapressty unde~swod. ~s Fe~eL•p mortgaged as ~f spec~f~car,y set forth and descr~lkd in the g~ans~:;g and
i,bendom da~ses he~euf, and such Recei~er shall have aU the brcad a~.d efiect:we f~nu.o~s J~~(~ POtivGlS in anyw~se entrusted by a Cu~~t ro a Rccr~~e~, and
s-;h appointment shall bc mode by s~uh Co~rt as an admiitrd rGuity and a ma!ter of a6so~ure r.yht tu sa~d h1URTGAGEE, and v~~+i:o~t reference ro the
_.:equ;ey or ir.adequaey of fl,~ val~~ of the prope~ey morrgaged or to th~ so~~<<~c~ or ~nw•.oncy of sa:d trpRFGAGOR or tF,e deir~~da~~rs, ~nd ih;t such
^ts, protns, incar.e, issues and rever,~es sha~l br app~ied by wch Recerve~ ac:ord~~;g ~o the ~~en or equ+ty of sa~d ~SORTGAGEE a~:d the pracnce of such
Court.
6. To dv'y, promF;t:y and fu!~y perfor,n, d:s:harge, exec~rz, efiect, compiere, comN~~ w~th and ab~de by each and every the srip;,~at~ons, ag:cements,
:~nditions and ccver.ams ~n se~d promissory nWe a::d ih~s mcrty^a3e art fo~th.
9_ ihat in thr eve ~t the ownersh~p oi the mortgaacd pre,n~ses, or a:~~ p~rt thercof, bccomes vested in a pe~son other than the ti'ORTGAG02, the
~RTGAGEE, irs successors ar.d 355~3r.5. lydy, v.i~h~ut r,crr,e to the tiRORTGi-OR, deal w~th <_uch successor or s~arssor m interest vr~+h ~rfrrence to this
~ c•tgage a~d the d•_ot hereby secured in tne samr maru»r as x~th l.tortgego~ w~tho~t in any way vit.at~ng er d,scharging the ll.ortyagors' liabiuty her~
der or u~n the debt he~~by sec:r.cd. No sa:r of the ~.re~c~s?s h.re6y rne~tqaged ar.d no iorL_aran~e on the part of tne IAO~TGhvEE cr its s~ccessors
o~ ass~gns and no fxlenS~On of rhe ~~mr for ~he payn,e~~+ oi the deb~ he.eby sec~red given by the MORTGAGEE or ~rs wccesse~s or ass gns, ~:-~al! operate
re re!ease, d~scharqe, mud~fy change or atfect the or~g~n~f iiao.;.t~ of ihe R.~^.RTGAGOR herein, e~ther in wfiole or in part.
10. It is spe[:fica~ly agreed th3t ti~ne is of the essence of this comract and that no waiver of any ob`igat;on hereunder or of the obligation se-
,_:red hereby shafl at any time rhereafter be h_!d to be d K'a~V2~ of the tenRs hereof or of the ins+rument secured hcr6y_
ll. In ~a_!..:on •o rhe iorer:o.•7 ..,o^th~y p>sy~,:.nts of ~.:ix;;al and int:..cs• req~~red 'oy the promsscry norr secu~ed he~e6Y. ~,:o:t~agor co+enants
j ;;grees ~o pey ro n,ortyag•~e aSrh rach :,.o~rh ~ Ya,~ e•,t an add,nonal sum cs~-~ ai•~d b,~ mortgagee to be eyual to i, 12 of Ihe an,i~dl COSi O! 1F1E fo~low-
i
~
F A-.~I~ +Fal prop•.rt~ tax~s 1e1~:,d e~ ,jss..<<. cf ~g ~~•.st ti,,, ar.ove dev~:b. d r,al estaTe.
0
~ B Pr:r.~,;~ns en i:re ar.d ~vinC15~0'~`~ ~nS~~Jr[Z rs h•.re~n rcq.~:red to bc carri~d c~ the :m;;roveme~ts s.tuate on !h; above d_sc~~~JeC~ ~!(RltSfS.
~ C-Pre~m;,~^s o~ wch r.~o~r~;ge gvar;e'r +cs~'~a'.ce .,s ~reo•tgagce shal! fr~•r, Y~-e To t~mc dee:-~ t~f to earry on the toan scwred i~e:eoy.
~ /~4ertgagee s:a ! f~c•n t~••~~ !o t~•-~e nc? f> mor~y,:g~r v,~lt,~g of tne a~r.o_•~t d~e ar.d payable he~e~nd~r a•~d such s~~n sha:l thereupon be d~~e and
~
.,.:b~e un thr d~e _n,- of ~Fe n:~,t c;orih ; pay~~:ent and e~ch scccess~ve mo^th tnerrafter ~nt~~ mcrrgagee sFa!I notlfy mortg~yor of a change in wch
i _:,nt. Such sums sFaJ be a~,~•~_cf oy merrg~~.e to:,a~d !ne ;,e~n:e~t of reai pr~perty taxes, inwra:xe prern.ums, a,~d nicrtgage gua~anty insurance
-miums.
S IN :~ITNESS :'JNfREOF, tne sa~d h.lORTGAGOR has hereu~to set his ha~,d ar.d sea! the day and year first a`.oresaid.
s
y Signec~, $ealed and deiivered in the p~esen~e of: '
T/~~f` ` ~C tlf .~i.~. (Seal)
~ - %li~~~: HarOld W. B2?Ski _(Seaq
F ~ , , ~ ,
~ . " 1' t~c:-!c'( cseat~
~ Jane M. Baskin t~~~~
~
~ ~?:.iE Of ~ ~B~A
S ~ S5.
~ ~JUNTY OF ~E - - ~
~
Before me personally appeared . HdlOld W. Baskin and
~
~ Jane M,~skin _ h~: wife, to me well known and knoxn to me to be
~h•~ ind~viduals described in and who ekecuted the forego~ng instrument, a~d acknowledged before me that they executed the same for the pu~poses
~ Jane M. Baskin
- rn.:rein expressed. And the said-
::;fe of tho sald Harold W. Baskin upon a separate and private
_•.am;nat:on by me taken separate and apart from her sald husband, acknowtedged to and before me that she executed sa~d instr~mem freeiy and volun-
_~.~y and v.~thout any compu:s~on, cons:~aim, apprehens,on~, o~r- {fear of or from her said husband.
~ ~YIiiJESS my hand and official seal this__ _Lv day of _ APr
i1 : A. D. 19~4. ~
:i '
_ (~1 ~ ~ ~ ~ - -
- Notary Publfc in a~d i the State of ~q(~Large
My Comm,ssio~ expires: A~+~n'~A
- ReTUm To: -
:i First Federal Savings d. loan Asso-iat,on ,
Of fcrt P:•.e. ( i
''y Fo.t P~.:,ce. i,o~!da _ ~ ~l~ LL l~/iL e r~ ' . ' 1` _
ti; ~1ly Commiss'an Exn~.~s 7ude 14. 1977 •
~ 280835
'
; This Instrument Prepared By Wil liam J. Forbes ~p~0 ~ r
First Federal Savings 8~ Loan Association f~p 1?1£WC~~~i1.1?- , Q~ 1 =
- o f F o r t P i e r c e ~ F l o r i d a s p 4;` S
t A
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AO~~~ C11?T C~~~s~ e •
K ~tR ~
= Checked Byf~~ aE~~R~vEa~f~E~~~~~ . `
~ ~ s:'~
_ R , .
~ 33 ~
~lo~~.~Gs ~GF2~2~
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