HomeMy WebLinkAbout0893 . 3. To place and continuo~sty keep on the d~~:ps n~.v o~ hore~fte~ a~r~o~e on s~;J land a~,d on o,: .•quip ~,<•nt d~~d peraona;:~ co•+~r~d i~J tn~s moreg-
ego. w~~h all pre~»iwns ihereon Ha.d ~n lull, fue insuroncc in thr us..~l Stei:dard pO~~cy ~o~m. in e Sum ~Fpro~7el~ bt Ihe M.vk.v%~~itE. a~~J w~'~d:1wm
insvrance in the usu:~l s!and~~d poLty lo~ni, in a w~n arNro.«d by ~I~e MuRTGAGEE, in wch canpa~~y or to~~~;:.~~~~rs as ~hu N~011:.AGEE ~~dy
d~ract; and all lire ar.d w~ndstorm insurance poi~ties o~~ any of aa~d lwi~d•ngs. any in~eiett lherein or part thcrruf, in ~he'a99~~~ate s.:n~ a~o~rs„~d or
in excess thereof, snall :u~~t.,in ~he ~swl star.d,rd mo:tg.~gae de~se o~ s~ch o~Fxr clause as th~ Mortyayee may reyu.~e, i~.~?~~~g ~h~• ,css s.~~d Fo1r
ues, each and eve~y, pa;~b!e ~o sa~d ~1JRTGAGEE as ~ts in~~r~s~ ~nay op{x:ar, and each and every wch pu~~c~ sL.,;l i,r H~on~Nt.y aug~~~d d d~••~.~r.d ~o
eny he1J by sald ~dORTGAGtE as Iwfher security to sa~d ~~~or~y~ge dabt. a~id, not leas than ten (10} days in •~d+e~.ce of thv exp~r~~~o~~ of ~~~ci~ Fo'~cr, to dr-
fver to said MORiGAGEE a~ei~ewal thrreof, toge~her w~th a rete~pt for the prr~n~um of such renrna~: a:~d ~hcre s~~e11 br no f~r~ w~~~~~s~w~n ~~~s~rance
' placed on any of said build~ngs, any inte~est therein or parl thcreof, unlcss i~ tlie fo~~n and wlth the ~oss payabtr ~s afa~esaid; ar.d in rhe e.e~~t a~~y s•~m
of money becomes payable under such policy o~ po~~c~us said MORTGAGEE sh.,ll have ~ha opt•on to rec•=~ve a~~d opy:y the same on auuu.u of ~he i~~J<btcd•
ness secureJ hereby or ro perm~t sa~d tAVRTGAGORS ~o recri~e and use it o~ ~ny pc,~~ u~_~:~-of tor u:~~•~~ t.~~t ~s~z, ~F` ' 'j "
ir.g any equ~ty, I~en or riyt~t under or by v~rtue of ihis mortgagr, and in the event sa.d MORIGAGORS sha!I ior any r~fvon a,;l torkr',p„h¢'saiduprc~rn'a saso
~nswed, or iail ro deliver promptly any of said {w~~cies of insurance to sa:d MORTGAGEE, or lai. p:on:i~tiy ~o pay y 1:
respect iait to pertorm, d~sch~rge, eaewta, etfect, con~pletr, co:nply wi~h and abide 6y th~s coven~N, o~ any p.+~t ha~~'of, s.+~d 11~vR1:,%+GtE ~~~ay p ia a~o
pay for such insur.~nce or any part thereof w~ihout waiving or aftecting any ophon, lien, equi~y, or ri3ht undcr or b~ v~~r~e of th~s Mertg~ge, and ~hc
f~il amount of each and every svch payment shall be immediatety due and payable ai~d shall bcar intcrest trom tha date nc~rcoi u~~iit p.,~d at ~he r.,ra ot
n~ne pe~ centum ar~i.~~r, ..,~u .~~e:..:.- ..~c.`. _rts! sh~.. s_--•~••1 hy thw Grn Of th~s morto~a~.
4. To permil, tommit w suffer no waste, impai~mero Or deteriotation of sd~d ~~oPe~~y or any part thrrcof_
S. To pay all and singular the costs, charges and expenses, ~ndudmg a ressonable attomey's fee and costs of abstracts of ti!!e, inc~rrrd or pa~d a~
any time by sa~d MORIGAG:E, because or in rhe event of the fa~!~re on ihe pan of thr said MORiGAGOR to duty. pro»pdy and fu~l/ perfot~n, d~scharge.
execute, effeU, complere, compty w~th and a6:de by e.:ch and every the stip~la~~ons, agree~nents, co~d~rions, and covenants oi ioid Fron~i~sOty note and th~s
.~,o~~gage any or e~ther, a~:d sa:d cos~s, char9es and expe~ses, exh and every, shall be immediatefy due and payab:e; wh~•~her or not ~hare L•e nonce d_-
mand, attempt to collett or svit pend~ng; and the ~ull amouM Of each and eve~y such paymtM sh~tl bea~ interest from the date therrof ur~tii pa~d at the
~:~r o~ ~~ine per centum par annu~~: a~~d aii sa~d costs, ct:a~ges and cxue~~ses ~ncurred or paid, ~ogether w~th wch inre~rst, shall be sew~ed by ~he t~en of th~s ~
mortgage.
6. That (a) in the evrnt of any breach of this Mortgage or detautt on the pa~t of the /ti!ORTG/1GOR, or (b) in the event any o1 sa:d sums of money
hc~ein referred to be nol promNt:y and Iu11Y Paid wrthin thuty t30) days next air_r the same severa;ly betome d~e and payab!e, w~thovi demand o~ nonce.
or (c) in tha e~ent each and every the supu:ations, agreements, condit~ons and covenams o1 sa.d prom~ssory note and th:s rrwrtgage any or e~ther are not
~uly, prompriy and fulfy perforn,ed, d.scharged, executed, effected. completed, compl~ed with and ab+d~d 5y, then in e~ther or any such eve~» the sa:d ag-
grrgate sum memioned in sa~d promissory r~ot~ then remaining unpa~d, with imere~~ acuued, ond atl mon~YS secured hereby, shall betume due and pay-
a5,e for~hwith, o~ ~hereafter, at the opt~on of sa~d h10R1GAGEE, as fuily and completely as i( all of ~he said sums of money vicere or~g~naaly s~,p~:afrd
ro be pa,d on auch dcy, anything ~n sad pro:n~ssory note or in fhis Mo~tgage to the coRtrar~ no~:vithsiand~ng; ano ~h~reupon o~ tt.ereafter ai the oN~~on o!
s~.d MORTGAGEE, w~thout nonce or demand, suit at law or in eqwty, therefere o~ lhereafier be9un, may be prosec~red as if all moneys sec~red hareby
n~d matured pr~or to ~ts instisut~on.
7. That in the event that at the beginning of or at any time pcnding any suit upon ~his Mortgage, or to foreclose it, or to reform it, or to enforce
~~~ymfnt of any doie,s hereunder, seid n10RTGkGEE sha!: apply to the Caurt havi~~g ~unsdc~~on thc~reot fer the appo~ntment of a Rece~ver, svch Cc~rt sF.ail
farrhw~th appo~M a rete~ver of said mortgagcd property all and singufar, ind~d,ng ai! a~d singutar t'r~e ~r.cerne, p~of~ts, issues ar.d revenues f~om whatever
s~ ~~~ce derived, each and every of vvh.ch, ~t be~ng express~y ~nde~stood, is herruy mortgaged as ~f spec~fica~:y srt iorth and described in fhe g~ammg and
i,,:;endum clauses her~wf, and such Receiver shaii hava a!! the broad and effectrve f~nct cns and powees in anyw~se emrusted by a Co~rt to a Recei~er, a~~d
s. ch appointment shalt be made by wch Court as an admitted equity and a motter of absoi~te rlght to Sa~d MORTGAGEE, and wi`hcul referente to the
aciequor~ or inadequacy of ~he value of the property mortgaged or io tne so~ve~cy o~ ~nso:.rncy of sa~d ldORiGAGOR or ~he de:rr~~dants, and ihat such
r~~•~rs, prof~ts, income, issues and reven~es shali be applied by such Receiver ac.ord,n~ tu the lien or equrt7 01 sa!d /hORiGAGEE and ~he prachce oi such
.~OUfI.
8. To du!y, prompt:y artd f~ily perform, d~scharge, execute, eiiect, complcte, comply w~th and a6ide by each ared every the sr~pu:a!~ons, agree:nents,
,ondifions and covenenrs m s~ d prumissory note and th~s mortgage set forth. .
9. That in the event the ownership of the mortgaged pren:~ses, or any part tnereof, becomes vested in a pe~son other than tne h10RTGAGJR, the
"ORTGAGEE, its successcrs ar;d assigns, may, without notice to the ":~ORIG~OR. dea: w~th such suecessor or s~cceesw ~n ~m~r~st with rrfrrence to th~a
u•~gage and th=_• d_b~ hereby secured in the same ma~~nrr as wiTh ?dwtgago~ w•~tt~out in a~y ~vay vitiating or d~scharg~~~g the l1Gr:gagors' :iab~iity here-
,,ndcr w upon the dz•b~ hereb~ secured. No snle of the pre~::~ses h_reby murtgaged ar.d no forbeara~ce on the part of the /AORTGAGEE or its successors
or assigns and no exte~~sion ot the t~me for the payment uf the debt herety secvrcd yiven by the NORTGAGEE o~ ds svccessors or ass~gns, ai~a!I operate
ro re~eose, d,scha:ge, moelify change or atfect fhe crigmal liab:ln~ of the lY~ORTGAGOR herein, either m whoie or in part.
10. It is speu~~cally agreed that time is of the esse~ce ef this coniracr and that ~o warver oi any oo~;ya~wn i~e~ru~,.;~•r .,...:y,.•:..•• e~
c~red hereby shal~ at any time therrafter be hc'd to be a waiver of the terms hercof or ot the instrument secured hcrby.
11. In add.+,ors 'o the foregc n~ r..on~ir' ~ p~yrn~ms of pri~.c , at and inT.,r.;st re~u~red by th: Prom sscry ro~r secured hereo„ mo~igagor eovenants
~~.d ayrees to pay to ~*•ort3agee v~nh each ~:~cnrh'y ;.ay~ ent an add.~~onai s~m es' ~ a~ed bJ ^~ortgagee to be equa~ to l. 12 04 t:~t• an:'~uai cost of the foiiow-
j.
A-A'e real Hrope:r; t.~,c_s ~ev~~:~ or assr<<.~_:i ag.~:.st thc a'e:ove descr~';~d rra~ es;.,te.
B Fr,:R:.,•:,s o~ f;r~, and w:ndsto'•~~ ~ns~r:r'ce os ir.'rc:n rrry~:~ed to bc• ca~'i•;i e~ th•~ :mproveme~ts s:~vate on th~ above d_st:~F~ed prem:ics.
C-Prem~v~•~s on sucn mortg::ge guara::ty ir.srar ce rs n:rtg.iger_ shatl 'r.; e~ne to n~n~ drem fit to earry on the :oan secu:eJ hereb~_
llortgaaee sha l f.crn tim~ to t~me r,otify mortgager in vvnt~ng of the a~no_•~t due and payable hereundrr and such su.m sh3fi th~reupon be dc~e and
f ..able on th~- c3ue ce•= of thr ne.t mo^th:y pJy:nCnt and each success~ve ~r.onth tnerea4~_r uriii nic.!gagee sha!1 nonfy morrgager of a change +n such
i ..,nt. Su.h s~'~s stia.i b~ ap{ .~_d by mo~'g>.~-~• towa'd tne payn~ent of rea! prop~~ty taxes, insura~xz prem.ums, a.id ~r~orty~ge gu.:fanty insurance
, •em~ums.
?Y \VITPJESS '.':HERiOF, tne sa~d fJVORTGAGOR has hcrc~~to set h~s ha~:d a::d s^31 the day and y ust a{oresai .
Signed, Seated and deliver~ in the presence of: ~
_ (Seal)
' ~i~t' (Seaq
' 1 !c'Cl~' L-:L ~ d Baile
/ (Seal)
1~_- _
' - ~ Carolyn . Bailev cuaq
5?ATE OF fLORIDA '
St . L11C1@ t SS.
CJUtJTY OF _ - - ~
Cody L. Bailey _ a~d
Before me personally appeared -
Carolyn A. ~lley _ his w~fe, to me well known and kno~vn to me to be
individuals described in and who exewted the foregoing instrument, and acknowledged before me that they executed the ss~ne for the purposes
rhe~ein expressed. And the sa~d-_Carolyn A. Bailey _
r~:re of the sa~d COa~1'• Ba11Cy _ upon a separete and private
.~~nlnat~on by me taAen separate and apart from her sa~d husband, acknovrledged to and belore me that she executed satd instrument freely and valun-
~•~:y and w~thout any compvlsion, constraint, ap~ hye.ns~o~, or fear of or from her said husband. ~j ,74
WITNESS my hand and official seal this_ ~L~--- day of ~l~ A. D. 19
`~~C , t'~'_ f
l.i ~ . /
-
~ ~ Notary Pubt~c in and for the St of Flo at large
~ / My Comm~ssion exp~res: / 7
Retum To: ~ ~ ~ ~i...~
First Federal Sa+ings b loan Assouanon F~~EO r.N= ~•ECONOE~
or F~~, S1. LUCI~ COUNTr FtA. ,
ROC~ R PCITKAS ~ . , ,
Fort P~crce. F~cr~ds CLEi~ •~.r^l~I~ vOURt J,.•
c+cf~~~ .YE~ ~=~Ffl t • ~
AY g 3 29 PN'T~ ;:o
This Instrument Prepared ByJohn W. Collin~ ~ ' v `
First Federa l S avings & Loan Associa ti o n ?
l~rt~1'7 / O r.
of Fort Pierce ~ F loZi da . - r. .
Checked By - ,
. ~js
BOOK PAGE p91 ~
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