HomeMy WebLinkAbout1582 3. To place and cominuous~v keep a+ tEie bu~:d~ngs now or hereafeer utuate on ~.,~d 1a~~d and w+ ali equ~pmen~ and personal~y covued by this maty- ,
a~e, w3th ail premiumt the~ron pa~d ~n iutl, fire ~ns.,rance ~he ~su~i standarJ ~.:'~cy torm, in a sum ap~xoved b~ ~ha MORiGAGEE, and windi?orm
ins~rsnC! in ~M usual s+andard po~~cy form, in a sum app~oveJ by tM A~ORTGAGEE, iuch company or comPanies as tM MORTGAGEE may
d~~ect; e~~d all iite and w~ndslorm inivrance po:~tiea o~ any of sa~d bu~~d~ngs, any inlarett iherein or pAil tM:reof. in the a99rega~e sum atweWid o~ ~
in excru Ihercoi, ~hall CO~1Tdi11 ~he usuat srnr.dard mor~yagee clsuse or such o~her c'~use as the Ma?gagee mey ~eqwre, makiny the lois v~~Jcr sa~d po~i- ~
c~es, each and every, payab!e ro said A10RTGAGEE as ~ts inten•st rnay ap~~ar, and each ~nd every s~ch puiicy shall Ix pranp~lY ass g~~rd aod de:~~ered ~o
any hefd by sa~d 650RIGAGfE as fur~har security to sa~d nwrtgage debr, ar.d, no~ :e+s than ten (10) days in advonce of tha eapuation ot each poGcy, to de-
:,~rr to said htORTGAGEE a renewal t1•creof, fogethrr ~'~h~~ thz~
~of, fun'..:ss n• ~hfumruf ar J w~thethe',losa payablssaa~afo~eesa ditrandrin thse r t1+~Y t~ui^
p~aced on a~y o) said build~ngs, any in~eresl ~hrrein or pa
oi monay beco~es payab~e uoder such po~+cy or {.wl~c~es sa.d MORiGAGEE sh3N ha~e the oNhon to receive and apply Ihe sanu on accou~t o( the indebted-
nrss secured hereby or to {xrn~it sa~d 1AURTGAGORS to tetaive and use il or any p'~~1 tl~e:ao) iot otnrr p~r}oses, v+.~no~t th~rau; vra~~~~~ or niipai+-
~ng any equity, lien or r~ght undar or by virtue oi this mo:'gage; and in the event sa d A10~TGAGORS shall for any reason fail fo keep Ihe sa~d premises so
~~svred, or fail ro del~~cr promptly any of sa~d pol:tics ol insura:}ce ~o sa~d MORTGAGEE, or fa~l promptly to pay lully any premwm therrtor or in a~y
respect faii to perform, d~icha~ge, execute, e~~ect, canp:etr, co:i:ply wi~h and abido 6y thls cove~~a~it, or any prrt hareof, sa~d MORiGAGEE may p'ace a~~d ;
p~; lor such iaaurance or any part thercof wnhout waiving or affecting any opt~on, t~en, equ~~y, m righ? unJer w by virtue of this A1w~gage. ~nd the ~
~..~h n.vmenf ~hal: be uT+ncdiately due a~~d pay36~o a•~d shaN bear intcrest from ~he date thcrcof uroil pa~d at Ihe rate o1
~,~v~centum F~c•~ an~~.n„ ~~jd !c~etc:.r .v~th sv~_h i~~~..~r~~sr shaii e. _~.,.+~~d by the :~en o~ tn,s mor~gaye. . -
s. To permJ, cornn~it w suffe: no ~ristr. u~~pa~nm•nt or d~.t~~~ortii~c~~ of said H•roF~rr~ a any part thereoi.
5. To pay all and singutar the costs, charges a~d expensas, ~~clud~ng a re~so+~ab~e a!torney's fee and costs of abstrads of title, incurred or paid at
iin:e by sa~d A~OR1GAvEE, becauie or ~n the e~ent of sh~ fa:iure on ~he oar~ ot the sa~d M7RTGAGOR to duly, promptlY and fu~~Y Pe~;am, d~scharge_
.;c~tr, effeU, cemp+~te, co.'np1Y w~th and ab.Je by each and .•~•ery the stif~~at~ons, agrre~nenis, conditions, and covenanq of said p~anissoty note a»d this
-.~gage any or ei~her, a~~d sa d cos~s, chargea and expenses, each and averv, sha~l be imm~d~atefy dua and payab!e; whether o~ not Ihere be notice da
attemp+ to co:lect or suit pend.ng; and t~e F~li amou~» ~f e~ch ~nJ every such oaymem shall bea. inrerest irom the date thereof umil p~id at the
n.ne per cenw~n f~• ~~I salJ c~ts, cha ~as a~d ~x:.~'~'Sr5 ~na,rr~,d or pa~J. wgether ~v~th suth ~nterest, fhall ba secured by the lien of thi~
;.crtgaye. ~
6. That (a) in the event of any b~each of this h1or~9age or def3~lt on 1M part ef the MORTGAGOR, o~ (b) in the evem any of said s~ms of money
here~n refe~rr~ to be not prornptly and fu~ly ya~d w~tiun th~rty (3Q` days nert aiter r!,.: same setera;:y betome due and payable, witlwul demand or nol~te. :
,r (c) in tht event each and every tha atip~~at~cns, agreemems, cond~t~o~~s and covrnar•'s of sa.d promissory note and th~s mortgage any o~ either are no1
i~+anptly and fully per(o~med. dscharged, errw'rd, affecr~d. co:.r;et:-d, con:p:.ed v.~th ar.d aE,ded Sy. then i~ either a any sut6 event tFw iaid ag-
y__;~•r sum mentioned in said promissory ncte then ~ema~nir.g ~n;:aJ, a~th ~n+errs~ awceo. and ati nwneys secured hereby, shall beeome due and pay-
~ fcrthwith, cr rhe~eafrcr, at the opr;on o+ s~:d h50RiG~GEE as iv ~y a~y: corw!c:e~y as ii a1f of the sa~d sums oF money were or~g~nally st~pu~ated
c~a'd on svch d.:y, an;rhin~ ~~i s3.a H~c ~~~ssory nct_ er ~n si~~s t~t~rtgey- to ~h. .o~~~rary notwdhit3ndmg; and ~hereupon o? thereafter at the op~~on of
s^ ~rARIGAGEE, w~'hovt nor.ce cr dema~:!, s~~t ~aw ur in ey~~i~J• me`e`~`re or mer~•ai~cr begun, may be prosecuted as if all moneys setured hereby
r. -d i:iatured prror to ds ~ns~itvr:oo.
~ T!~a. Fn eh~ !hae at thp t~ymn,nq ~~t ur at any : ar.~?i~~9 ~n~ i~~~ 'his MOtt3ayB. L: !O ~O!~!CIOS! 1f, M to refOrm it. 0? 10 @nfOtCQ
.z~v ot any r.,'.T~s h;.•e~~: d:', s~•d :Ai~RTG:::: ~'I ~c.~'~ h;..~ y,u cti~ thereof for tne appo~nimenf o# i Rrcr~~e+. s:;:h ~w:~ sh3!! ~
. s.~~ ~lar the income, profds, issves and revenues from wbatever
•n a~~~~~,t a r~-.e~.;r of s_::d ,..~z~~~ r•e y a~d s:3~.ar, r.,.'~d r . 9
5.. d:rlvec~ euch ond e+ery o~ ch, ~t tk,rgr :.;r..s~'; ..~~dr~s'-~~U. is re :•:r.;.~~1~~d dS if SpB[~fiCdily Set forth and deseribed in t~1! 9rdnting and
,d~m c:auses harrof, and svch Recr~:er sha'i h..~f:• a.^, b~oed a~d r.~~<•~,rc• t..-:• :::~s .+~~d powen in anyw~se emrusfed by a Cou~t to a Receiver, and
s;'~ aF:poinrme~~t sh~tl b~~ n:4de 6y such Court as a~ ad ~~^c,-d ey.~~iy and 3~• a~ier c~ ab,c, ~re r[gM ro said MORTGAGEE, and without reference to 1F~e
:.::.a,~:r~ or inadaquacy o1 the value of the prope.~y mortg~gcd o~ +c rr.e s.: ••.=c; ••~~~Y of sa~d MORiGAGOR a the defendants, and that such ~
,~s protits, incom~, issves and revenues shail tx ap;.~:rd by such R~c•_..,~ .3;;~~~~,r. rc. :i,e i~en or eqvity o} said MORTGAGEE and the practite of such
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l..~i/f1. ~
8. To du:y, prom.r.t!y and fui~y pe~farn,, d~scharGe, execute, ef!e:t. comp e~:•, ce:~;.:y with and sbide by each and every the stipulations, agreemeMS,
d,!ions ar.d covendnts sa~~ promissory rxe ~r.d ihis n~cr!3aye sct fo•t'te.
9. Tt~at in rhe ev<rt the c•h^e~st:~p of tF~ ~r.:.~~g~g:-d prr~-. ~•.s or ani ~:arr ti~_•re~(, ~ecames vested in a person other than the MORTGAGOR, the
'~AG;F, ~'s svcccszc~s and as>~~:~:s, ~nay, w~rho;:r r~ct:e~, t~ "v~Z?G~~O~. dea~ w::h <_uch sutcessor or successor in iroerest with referente to this
~;age a.~d t~e d_tt cereby s.:cu~ed in tne same nidnn~t as x.:h :+•„~eg, ao~ v.:th:;~t ~n a~y way vit:ati~g w dixharging the Mortgagors' liability hero- _
or ~G~on the d_6r h~-eb~ secv~~~d N.~ s, e oj ft:~ F~en s•~s h,trr~y '~•~+~t=i=y~•d ard no fe-bearance on ~he part of the /dOR7GAGEE or its successors
~r ,ss 3ns a~~d no earens:on of ~he fima ior ~he payme:~t of ~he d<or h-~-eby secvred g~ven by the MORiGAGEE or ita successws w au~gns, sl~ll operate
....~p d,uharne_ mt,d~iv chanoe or aiiect tFx er~gma{ l~auii.ty oi ~ne h5U?2iGAGt~R herein, either in whole or in part.
10. It is s~ec~!~ca~~+ ~g••:ed that t~m~ is of ti~e essence of +f•~s co~trac' and that no waiver of any obligation hereunder or of the obligafwn sr
,red h.reby shai~ ar ar.y ti~-~e rt~ereaiter be netd to be a wa~vcr of the !erms fie~coi or of the instrumem secured herby.
11. I~ ~dci t:~~~ 'o rhe tcre ~o ~~.c^T+~ v^~'c•*''~~'S F~~ ~"'d sc •ey~l:-•=d by the prom sscry no!e sc-cvred hereby, mortgagor tovenants
- i ~grees to r-~v ~*'o•}n ~See v:~rh ra~h ~r,,~~•{~'y ~F~;r an a-?d •~o~~a~ ~~mnesr ^'a+ed by morfgagee to be equal to 1,'12 oi the annual cost of the follow-
~-A!: rta{ property tar.as ~r.;'. or r>s••,: ;i ~;s' r•. ae~.~. .~_s-•.c.•_d r_af est ~te.
6 Fr~ :,:u:::s on o~~d :n~.ds!:,••~, ~~,..=.;r~r ~s.~~c'a~n -:g,, red ~o be ca:r:_d e~: ~he ;mproveme~ts s~tuate on the above dsscribed prem~ses.
C-Pre.-~~: s o:, such •..o.s~.ge ,..~~3~.tr ;r=~•~'.:: ~„~•sa~,•~e shali Erc•: •~,:c ro:~:ne deem fit to carry o~ the loan secured hereby.
t.~.o t~agee sno~~ j•: ~n r~ • e to ~ n ~fy me r a~.r n ~,r[ting oi thr a~-o~~t d~~: and payable hereunder and svch sum shall thereupon be due and
o~ th~ :.i~r d.•t~ ct _.e ^:cn t, e:~ ~ a~~d c.ch s~~cc~ssive ~ro :!h ti.rr~ah-r ur.til mo~!gagee shall notify mortgagor of a change in such
. S~ch sv^•s sha 1:-e aYF •~ed i., n~.reg; !o:. ' d ii:e pa~:~ent oj re?: prope:~y taaes, insurance prem;ums, and morigage guaranfy insurance
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IN :.'ITPiE55 ':.H'Ri0"r, t~,e said :.tOk?GS ;CK 'r~as h^reu~!o >e '.~s F 3-y and seal the day and year first siwesaid.
' Q ~ e
~ ed n ~v ~ i ence of: fIlEO ANO ItEC0a~0 '
- - - =T.lUC1E COUNIY LA. -'i~ L~'.,~ Gf G~.G ~ r5eaq
~ ~~CE~ ~~;jRAS Ch ster R. lstrou
« - ~ - -~~v"- ~ CLER~ L?~:~UiY COURtt~ , Ses~
.
u ;ED r~ - ~ ~ a4
- - P.EC~F~ VE ` • ~
~ Marie M. lstr m c~a~)
_ --N~ - - - - - ~ 16 9 00 ~i+l 7~ :
OF FtOktDA l IC- ~'~S~ ~
, SS.
,'iTY Of . ~~:~.~~.L~i~:_~ ~
Be~or~ me pe~sc~a:;y appeared CheSteY R• ~11StrOII and •
i
Marie M. Ahlstrom his wife, to me well known and known to me to be ~
~nd;vidua~s desui'ted in and who executed the foregoing ~nstrumem, and acknowledged before me that they exetuted the same for the purposes y
Ma,rie M. Ahlstrom ~
n eapressed. And the said------
~ . e ~of ~he safd -CheS teY R. ~113tY0ID upon a separate and private
naton by me takc~ s=rarate and ap..:: from her sa~d husband, acicnowledged to and before me that she ezetuted sa~d instrument freely and voluo-
~ ard w:thout any co~npuision, constraint, apprehens~on, or fear of or from her said husband.
YIITNE55 my hand ard e4f~c~al se3! this_ 11 _th_ _ day of_ ~y ~ - A. D. 19~g
,
~ C ~ ~ ~ ~
' nd for the State of Fierids af lsr
Notary Public in 9e i
~ My Commission expires: ,~r~ ~,~,f.y,,;, ~ f
Retum To: G~~;11. t'~. i'.r,I.H~S , f' , ~
~ st federal Sa~~n~s b loan Assed~t.on Norary Fu!~1i=+ O:_'-!=r.d County. Z~'~lehiga7 . ~
~ o? fo, p .,,c~ l,r(~ ~nmissian Ez~ues ]anuary 25.197i • % ~
Fort P~.~rce. Flc~~da J~ :r
, . . .
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- - '~~~`~''~.C; ' .
This Instrument Prepared By J. H. Roberts Jz .
First Federal Savings 8~ Loan Association .,!J`'M;: ',~'S.~• -
of Fort Pierce i Florida ,
:.~ecked By j.-~-- -
f'~ j 1 PAGEIJOO _
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