HomeMy WebLinkAbout1324 3. To plan and continuouily 4eep on 1M buildings now or hereaffs~ situat~ on sa~d la~d and a+ a~~ cquipment ~nd penonally coverad by thi~ mortQ~
egs, with all premiumt thereoe~ paid in full, fire insura~ice in tM uiual standard policy fam, in • sum approvtd by the MOR~GAGEE, a~d wind~tam
~nsuranc~ in ~M uswl s~andud pol;cy fam, in ~ sum approved by ~M MORTGAGEE, in such comp+ny or compamy +s tM MORTGAGEE may
d~rear ~nd all fin and windatorm inw~anc~ po~K~es o~ :ny of said buitd~ngs, ~ny inte~e~t 1F+erein o~ p~~1 ~!?~reo~. h+ ~h~ +y9rcy+t~ tum afw~said w
in excetii ~l~e~eo(, sAall contain ths uiual sta~dard mongegee dause o~ such othe~ dauss si tM Mor~9agca may reqvi~~, makinp tM loss und*~ s+~d Po1F
c~es, each ~nd evtry, paYab!e to s~id MORiGAGEE as ~ts inte~ral may ~ppe~?, and each and every avch policy shall be promptty +u g~~ed a~d detivered to y,
any held by sa~d MORTGAGEE ~s fu~thor iecuriry to sa~d mortyege debt, and, not :eu than ten (10) days in advance oi tF~e expiration of each pol~cy, to dr i•
I~ver to said MORTGAGEE s raaewal the~eof, loqether with a ~ete+pt fw the p:e~ni~m o1 ~uth reneeral; and Ihere shall be no fir~ w windatorm insur~nt~
placed on ~ny of s~id buildinys, +~y interest tharein w parl thrcrot, unlets in the fof~n and with the loss payable ~t +faesaid; and in the event any wm •
of monty becomes paYab?e uoder tuch poticy w pol~cies said MORiGAGEE shall F?ave ihe option to receiva a~d apply tM same on ~ccount of tM indebtetl~
ness secured hereby w to petmit said MORTGAGORS to receive a~d ~se it or any part thrrrof to~ otner purposes, w~thoul th~.ebr wa~y~~~g o~ unpa~r-
ing any equ~fy, lien w right under or by virtue cf thii mo:!gage; +nd ?n the evenl sa+d MORTGAGORS shall fa any ?eawe~ fail to keep ~he said prt~n~ses so
~n~u.ed. or tail to del~ver pranptty ~ny oi said pol~cies of insurance to said MORTGAGEE, o~ (a~f promptly to paY fully any p~emium therefp o~ in sny
respett fail to pe~fam, d~scharge, execute, effecl, tomp~ete, comply wiih and ab~de by th~s covenant, a any part F?ereof, said MORTGAGEE may p~+ce a^d
pay (o~ such insurance w sny part the•eof without waiving or aifectin9 any opt~on, lien, equity, or ri~hf under u by virtue of this Malgaye, ~~d tht ~ ~
4~II amovnt of each and every such payment shall be im~nedia~ely due and payab!e ~nd shall bea? interest from 1he date thereof vmil paid st the rate of
r, ne per tentum p~v annum and to~ether ~vith such intarest sAail ix setureti by the 1~e~ v( th~a martgage- s
1. To permit, commit or suifer no waate, impairmeN ot deterioration of sa~d property w any part the~eof. ;
S. To pay all and singular the coats, charges and expenses, including a reawnab~e attwney i fee and costs of abstracts of title, ir~curred o? p+~d ~1
a~y time by said MORTGAG:E, beceuse or in ~he even! of the fa~lure o~ ~he pan of ~he said MORTGAGOR to duly, promptly and fully perform, dixharg~. ;
~,rc~te, eifed, complete, comply w~th and ab:de by each and every ~he sripulat~ons, agreements, conditions, and covenants of said promissory note and ~hu
,,,o~rgage any o~ eit!?er, and sa~d costs, cha~ges and expenses, each end every, sha?I be immediately due and paysble; whe~her p not there be r+otics da ;
mand, attempt to coUect w wit pend~ng; and the full amovM of each snd ev~Y such paymen~ shall bear interest from 1M date thtrtof until p~id ~t the i
!c o~ n~ne per centum per annum; and alt said cosrs, charges and expenses inc~r~ec! or Faid, together wdh such interest, shall b~ setured by ihe lien of this {
mo~~gage.
1
b. That (e) i~ the event of any breach of rhis Mortga9e or defaul~ on the part of the MORTGAGOR, or (b) in the event ~ny of said svms of money
herein referred to be not promptly and fully paid within thirty (3U? days t~ext a'.~er Ihe same severaEly betoms d~e +nd PaY~bk. W~~Iw~?~ dertNt+d a ~?otice,
or (c? in the evem each and every the stiFxriations, agreements, co~ditions and covenan~a of sa~d promisso?y note and this mo+tga9e aeY w either are nof
i~!y. promptly and fulty per(ormed, d•scharged, execured, eifected, completed, co~~pl~ed w~ih and abided Sy, tFxn in either o~ any such eveM the said sg~
gregate sum mentioned in said promissory notc then remaininy unpa~d, with inierest accrued, ar.d atl mooeys setured hereby, shall become dw a~d pay-
ib'e ~o~thwith, w thereafte~, at the opt~on of sa~d h10RTGAGEE, as tutfy and compietety as if all of the said wms of money were o?iginally stipulsted ~
to be paEd on such day, anything in sa:d pro~n~ssory note or in this Mortgage to the contrary notwithsta~ding; and thereupon or 1he~eafte~ st the opt~on of ~
sa~d MORTGAGEE, v.•~thout norice or demand, suit af law or in equity, therefwe or therrai~er beg~n, may be prosecuted as if al! mw~eys aetuted hereby
n~d matuted pnOr to its institution. ' !
M....,.~.. rQ foreclose it, a to refwm it, w to enforce 1
1?1d1 In inC lveni iiiai ai ii.n veyii,~...-.y c* 0 3:`~ j+~:•~•^y ••M
; arm,ent of a~y t~aims hereu~der, said lJ10RTGAG.E shall app~y to fhe Gourf ha~i~.g ~ur~sd,ction thereof 1or ~he appointmeM of a ReceivN, such Court shall t
r.~;tiwith aFpo~nt a rectiver of said mortgaged pro~wrty all and singutar, inc~ud ng aii and s~ngu~ar the income, profits, issues and reven~es from whatQvtr
s_~.•ce de~ivrd, each and every of wh~ch, i~ being expressly undersfood, is F:ereby n:ongaged as if spec~fically set forth and deuribed in 1he yranTing and
1, ,bendum clauses hereof, and such Receiver shall have atl the txoad and effect~ve furce.ons ~n(~ POwlK 10 anywise M1fYStl~I bY a COU?t ~O a RKlIV!/, and
s:h appointmeN shall be made by such Court as an admitted equ~ty and a matter of at3clute right ro`said MORTGAGEE, uK! without reference to the
•:!eyvacy a inadequacy of the value of the property mortgaged or to fhe so:vency ur ~nsoivency of said MORTGAGOR p the defendanri, and that such
re~rs. prof~ts, income, iuues and revenuea shalf be apptied by sucM~ Recziver accord~~lg ~o the lien or equiry of said MORTGAGEE and the practite of such
Ceurt. '
8. To du!y, promptly artd fully periorm, discharge, executr, ef(ect, ~omplete, comply with and abide by eath and every the sfipulations, agreements, ~
::;rd~t;ena and covertams in sa~d promissory note and tb~s mortgage set fath. ~
9. That in the e.•ent the ownership of tfie mortgaged precnises, or any part thereof, Eecomes vested in ,a person other ihan the MORTGAGOR, th0
~RTGAGEE, its wccessors and ass~yns. may, wi:hour nor:ce to the A'ORTGAOSt, deal vnth such successw or successw in interest wilh reference to this
r+yzgc and the debt hcreby secured in tne same manne~ as w~'h tltortgagor without in any way vitiating a d~xharg~ng the Mwtgagors' liability hera
..i~~ or ucon fhc dahr hereby secured. No sj:e of ~l:e F~en,~ses hcr_by inortgcged a^d no 1o.bearance on 1he part of the MORTGAGEE w its successors
ass~9ns and no exters~on of rhe ti~ne for ~he payment of ehe dt•o+ he~eby sec~red g~ven by the MORTGAGEE or its suceessors or auigns, shall operate
ro re~ease, d~scharge, mad~fy change or affect the orig~nal Iiau:lity of tba NORTGAGOR herein, e+ther in whole w in parf.
10. It is spec~fically ao~eed that time is of the essence of tl~is cor~tract and that no waive? of any obligatioo hereunder w of the oblgation sr
o_red hereby shal{ at any time thereaEter be he:d ro be a wa~ver of the •erms i~ereof or of the enstrument secured herby.
11. In add,r~o~ !o the fo~ego:~~g mon!h"y paymenrs of pn .c pai and imrres~ requ~red by the promissory no!e secured hereby, mwtgagor covenants
• a agr~es to pay to rr.ortgagee v+.~rh ea:i- mc~rh~y r~ay~ :e~~t an ad~. :ona! sum ~st•~*~a~ed by mortgagee to be eq~al to 1~'12 of the annual cost of the follow-
A-Atl rcal property taxrs ~evi•_d or assesse:i sy ~i ~st the above descri!,•d r~al estate.
o-Fren:,urns on fire and windsto:m :nw~ar.ce as herEin requ:red to be carried or. the improvemeits situafe on the above described premises_ ~
C-P:e~ci~~ns on such mc•r~.>ge gua~aMy :rs~ra~ ce as mo•ryagee shaii fro^ r rr.e to time deem fit to carry on the loan secured hereby.
hlortgagee s6a:~ 'rom t~~ne ro r::r:e nc;;fy mo•rg.:~c~ +n w~itmg of th? amount due and payable hereurtder and such sum shall thereupon be dve and
+b`.e on the cive date oi rne next r.~o~th!y prrn,=n! a~~d exh svccessive month thereafter until mortgagee shall notify mortgago~ of a change in such ~
~,:,ni. Such su+ns sha:l be ippl~ed by mortgag~e so_.ard the payment of real property taxes, insurance prem:ums, and mortgage gva?anty insurance ~
F
_ .,~ms.
i IN IVITNESS Y:H:REOf, ti:e sa:d MORTGAGOR has t12ff:1110 set his hand and seal the day and year f' st af id. ~
~ Signed, Sealed and delivered in the presence of: _ 7 ~
' - ers t#
~ t ` ~lG~- ~ !
~~aq ~
` ~ " ' Alliece Wa ters ~
;
S~aTE OF FIORIDA
$t . T.IlCl@ ~ ~ ~
;~;U!JTY OF ~
Before me personalt~ apFeared G• B• Waltel5 and
Al.ileCe Waltel5 his wife, to me well known and known to me to be ~
individuals described in and whole 16C thea~gge~~ instrumeM, and acknowledged before me that they eaetuted the same for the purposes
A 1 W t
~~ere:n e:pressed. And the sa~
ic of the said G• B• WA1teYS upon a sepa~ate snd pirvate
.,m•nation by me take~ separate and apart from her said husband, acknowledged to end before me that ahe eaetuted said instrument freely and volun-
~y ar.d without any compulsion, constraiM, ap,pr2e~hen~ior:, or fear of or from her said husband.
WITNESS my hand and official seal this_Li~ day ~y ~ a p• 19 74
1 ~.L~~` ~ ~ ~ _
~ I Notary Public in a~d for the State lorida a
~
My Comm7uio~ expires: /J
Return To: ~~-~7
~~rst Federal Savir.ga 3 Loan Association ~ f.
Of fort P,erte. F L.~O AMD RE~pA~r~ ~ .~i~~~~e.~~.. ~
s~.IUC~E COU ~Y r~~. , .
Fort Pierce. Fiw~da ~ ROCER POITRAf J, ,
CLERK CIRGUIT COU~T ~ - . "
, , . . .
RECORO.VERIF,~p ~ ' - Q~^~t=
ti1q 1'~ • • ~ _ ~ . :
This Instrument Prepared By John W. Co1~~1~ ~O ZQ.~ t Q,, ~-r+ "
First Federel Savings b Loan Association = ''y' ~ ~ ° ' ' =
of Fort Pierce ~ . Flor ida "s ~ ' (1~ L ~ L ,~~r ~
~ r .
- .~r~~.~ . ~ •t~''=
Checked By , ,a.`~-~
i' ~~1~tv -
,
~ R ~ . ~~ti'I+tii11~.=-'~
4QOK~~~ PACE13?2 _ ~ ~ .
. , . .
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