HomeMy WebLinkAbout2082 To plac~ a~d continuously k~ep on tM bu~!dings now a hereafra ~ituat~ on said i~nd and on al{ eqvip~nent and ptrtonally covered by thfs mw?0~ i
egs, with ~II piemiumi the~ea+ pa~d io full, fire insurance i~ ~Fw usuat s+endard policy to~m, in a svm ^ppr«~d~a ~MORf ~GE~R GAG E~1ma~
~nsu~~nc~ G? ths veu~l ~undud pof~ey lam, in a ium app~ov~d by tM MORTGAGEE, in such eompa y
di~Kfp a,?d aU fi~~ •nd w~ndstorm inswa~ce polk~es on an~ of saKl bv~td~~~+. any interest therein w p+~1 ti~wf. io th~ sqq~ey~a wm afaesaid a~
in exceu ~hareof, ihall con~+i~+ tM usual i~andard rtwr~pa9ce claus~ or iuch o~her daui~ u ~h~ Ma~yag~s m~y requ~r~, m~kinp ~M b~s under sswi poli~ +
c~a~, each and eve~y, payable to w~d MORiGAGEE at its inie~rst may appaar, ar~d cach ond every such pol~cy ~hall bs promptly ai~.gnsd and del~v~red ~o ~
eny held by u~d MOR~GAGEE as fur~her iecurity to Hid ma~yage dfbt, and, not le~s ~han ~en (10) days in advance of tM expirat~oo oi each policy, to dr
I~ver ~o said MORTGAGEE a renewal Ihereof, togather with a reteipl fa the pranium of such renewal; snd the~• ihall be no f~~e w wir+dslo~m iniuranc~ yn~
placed on any of iaid buildings, any i~tere~t Me~~in or p+~~ ~hercof, unless in the fo~m a~xl with ~he lou paYable as ator~uid; and in the •veM any sum
of r,wnsy becomes payable u~der such policy w poliues said MORiGAGEE shall hsve the opt~o~ to receivs and apply 1M same on +aw+M o! tM indebted .
ne~s ~ecvnd hereby a ro pumY said MORTGAGORS ~o ~eeeive and use it o~ any F.art ~hercot !or oiher p~rF•oses, w~~hout ~h>reo~ wa~+.~n~ w nnpa~?-
;ng any equity, lien a right unda~ w by vi~lue of this mo:tgage; and in ths event sa~d MORTGAGORS shaU fw any reawn fail to keep ~he said premises so
inaurcd, or fai) to delivcr promptly any of said pol~ties o( insuranc~ to said MORfGAGEE, or fai! promptly fo pay fvlly ~ny prtmium therelo~ w in a~y ~
respect lail to pe~form, dfscharge, execute, effect, complete, comply wi~h and abide by ihts covenani, w any part hereof, sa~d MORTGAGEE may pt~ce a~d
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pay ta suth in~urance ot ~ny part thereo( without waiviny w affecting any optiun, lien, equ~ty, or right under w by virtue oI this Mwtgage, and ~ht f~
f~It amount of each aod every such psymcnt shafl be ~mmediately due and paya6'e and shall bear interesl irom the date thereo( until paid at the rat~ ol '
n~~~e por centum per annu~n and toge~her .rith such interest shail be sec~red by the t~en of this mwtgaga.
1. To permit, tommit or suffer no waste, impairment or deterloration of sa~d Nroperry w any part Ihe~eof.
5. To pey all and singul~r the costs, chsrgea and expensea, incluci~ng s reaso~~able a~twney i fee and costs of sbstracts of title, incurrtd w paid ~t ;
eny time by u~d MORiGAGfE, because a in the evem of tht faiiure on the part of the said MORTGAGOR to duty, promptly and fully pe?form, d~stharge. ;
~xec~te, effect, complete, comply w~th and ab:Je by each and every ~hr stipula~~o~s, agrec-menb, conditiau, and covensnts of said promi:sory note and thif
.~,ertgage any o~ e~~her, and sa~d costs, charges and expenses, each and every, shall be immed~ately due and payabte; whether a no1 there be notrce da
n,and, anempt ro coflect or suit pend~ng; and the ful) amount of cach and every sucA paymen~ shall bear interest from Ihe dste the~eof w?~il p~id ~t ihe
~,.re ui n+ne pe~ centum pe~ anuu.n; and alt said costs, cna~grs and e,c~x~~s~s irxwred or paid, tog~~her w~~h such interesl, shall be secured by ~hs ~~en of thi~
rt:o~tgage.
6_ That (a) in thc event of any breach of this Matgage or default o~ tM part of the~ MORTGAGOR, or (b) in the event eny of aaid s~ms of rtwney
'r~erc~n referred to be no~ p~a*~pt~Y and futly pa~d wi~hi~ th~.ry (3Q? da~s ~+exf aite. ~he same severally become due and payabl~, without d~mand w ootice,
er {c} in tAr event each and every the s~ipu;a~ions, agreements, condieions and t~venants of sa'•d promiswry note aod th]s mortpaye any or eithe~ are no1
~~:y, pron:ptly and tully perFwmed, d:s:harged. executed, effected, comp'.eted. ccn~pi,ed w~th and a6ided by, 1Fxn in either w sny such eveM the ~sid ag
~r~~~ate sum meroioned in said p+omissory note then remaioing w~paid, with inierest acct~ed, and afl moneys setured F?ereby, shall becoms due and p+y-
ab•e ~wehwith, a fherealter, a? the opt~on of sa~d M02TGAGEE, as fully ana ~ampE~tcly af ii all of tlie :a~d wms of money were orgin~tly st~pulated
ro he pa~d on such day, anything in sn:d pro:n~ssory note or in this Mwtgaye w the coro~ary nor+v~thstanding; and thereupon w thereafter at the option of
!.•.ORTG~IGEE, :v:'hov! .^.o!:se e~ ~ma~~, s~it a~ ~aw o? in equity, therefore or thereaher begun, may be prosecuted aa if all moneys seturad hereby
n~d maWfEt~ pr~0~ t0 ~~3 institutiOn.
7. That in the event that at the beginning of or at any time pending any su~t upo~ this Mortgage, or to foretlose it, or to reform it, or to enfo~ce
~aymeN of any dairns hereunder, s.~id h10RTGAGtE shall apply to the Court havir.g ~u: ~sd~ct~on ihereof for 1he appointmeM of • Reteiver, wth Co~r1 shall
fcthwith appoint a recei•.e~ of said mo:tgaged pro~rty all a:u! singular, indud~ng a~ed s~ngular the income, profits, issues and revenues from whatever
scurce dorived, each and every of wh~ch, it being eapress~y understood, is hereby n:e~~yagzd as if spec.fically ut fwth~nd desc+~bed in the granting and
t,ebendum clauses hereof, and such Receiver sha~l have a~l the broad ar.d effecr,~e iunct:ons and powers in a~Ywiu entrwted by a Cou~t to a Reteiver, and
s_ch appointme~~t shall be made cy such Court aa an ad:nined eQuity and a matter of abwlute riqht ro said' MORTGAGEE, a~+d withoui ?eference to the
a~'ey~aCy or inadequacy of the value of the property mo~tgaged or ro the se,ve~~cy or ~nso~vency ot s,d MORrGAGOR w tFK defendants, aru! ~hat such
r.,~fs, profits, income, issues and revert~es sfiall be appiied by such Rece~ver accoro.:ig to the lien w equity of ~aid MORTGA6EE and the pradite of suth
Court
8. To du!y. F~~•~^rt?Y a~d fu!!y perf~..,,. ~;srF,a.ge, Pxecu:e, effect. comolete, comply with snd abide by each~and tvery 1he stiputatans, agreements,
;.:~.d6t~ons and covenants in sa~d nromissory note and th~s ~ncrtgage srt 4orth. „ - -
9. That ir. the event !he ov~nersh]p of the mortgaacd pren~:ses, o: any part tnereof, becomes vested in -e person othR( than the MORTGAGOR, the
:^RTGAGEE, irs successo~s and ass~gns, n,ay, w::hoo• not:ie ro ~he \:ORTGAOR, dea~ wi~h suc~ successw w succeszor in interest wi~h reierence to this
o•~gage and the d~•b~ hereby sec~red in the same n:an~zer as w~ah htortgago+ wlthout in any way vit~ating or discharging the /AOrtgagors' liabilify herr
ir: w upon the a.bt bc:eo~ secured tdo sa'~ of the Frem~ses hcre5; rnortg~ged and no forlxarance on the part of the MORTGAGEE w iis suttesson
_ ess~gni and no eate~sion ot the time fo+ the payment of the drbt h~reby secured g~ven by the ~AORTGAGEE or its succeuors o? auigns, siwll operate
ro re'ease, d~scharge, n:od~fy char.ge w a~fetl the orfg.nal iiac:~ny of the NoRiGAGOR herein, either in whole or in part.
10. It is soec:f~cai,y agreed that ti:re is ef ti~e essen:e ef th:s contract and inat ~a waiver of any ~t,~~yai~w. S-~a:ev~..-'.e: a~ :he '.wl:^ys::~. ~
c~red lw:reby shatl at any tirne thereafter be hetd to be a waiver oi the !erms hereof o~ of the instrument secu?ed herby.
l~. in adeiit~on to rhe ioregc n~ n,o~th'~ ~:ayrn^ms of p•ir.c pn~ and ir.rerest requ::ed by the promtssory note secured hereby, mwtgagw covenants
d agrees to pay to mo~tg~c,ee ~nh each men~h~y ;.ayrient an add:~~c^a: svm esr :r.ated by mwtgagee ro be equaf to 1 j 12 of the annual cost of the follow-
A-All reaf p~operty taars ~efied or assessed agai•~st the above desc~i3~ d reat es~ate.
j B-Frrm«ns on fire and v~inds~orm msurarce as hercin requ;red to be casried on the improveme~ts situate on 1ha above described premises.
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~ C-Premiums on zuch mortg :ge g~a.anty insura<<ce as mortgagee shaU fro:n t'me to time deem fit fo carry on the loan secur e y.
rdortgagee sha!! from rin~e ro n~+,e nct~fy mo.~gager ]n wr~t~ng of fhe a:r.ount due and payabte hereunder and auch wm shall thereupon be due and
;'•~'e on the d~e oaie oi tF> next •nonthfy pay:nent and each successive month thereafter ur,til mortgagee shall notify mortgagor of a eFwnge in such
o.,nr_ Such s~~ns sFa;l be aµptied by mortgagee +oward the payment o4 rea~ p•operty taxes, insurarxe prem;ums, and mortgage guaranty insurance
e n~ums.
IN \YITP~ESS YlHEREOF, the sa~d MORTGAGOR has hereur.to xt his hand and seal the day and yesr first aferesaid.
gned, Sealed e ered in the pres`nce ofc / LEO ~N~ ~E~V~~E~ •
f~. `UC:E ~'JU TY LA. • a~
- IIOC~* ?~iRAS
chae 1 I.. n
CIERK C~f:CtllT COURT ~ q
- -T ?rr.c:G~ v~a~~iE~.......--- i',~. ~ -~'11 c~.~,n
Barbara A. Eden «a~
~ ; - - - M~r tl ~ 113 AM'7~1
~":.'.E OF FLORIDA ~ ~
;:;ur~rY oF ~ &t-. Licie ~
~ 252616
Before me personally appeared _ M1Crla@1 1.. E~t1 and
Barbaza A. E(~fl. his wife, to me well known and known to me to be
~ndiv+duals dexri~d in end who executed the faego~r.g instrumeot, and acknowledged beiore me that they executed the same for the purposes
!~c•e:n expressed. And the said Barbara A. Eden
r~e of the sa~d Michael 1.• E{~D upon a sep~rote and pirvate
nat:on by me taken separase and apart from her said husband, acknowledged to and before me that she executed said instrument freely and voluo-
~ and w~~hout any computsion, constraint, appr hens~oq, w fear of or from her said husband.
WITNE55 my hand and official scal th~s_.~~ day ~y A- 19 74
/ t ' /
Notary Public in and for t State f ida at larpe
My tommiuion expirex ~9~1j
Return To:
First Federal Sav'~ngs a loan Associat;on .
Of Fort P~.e:ce. _~~.~~H~J111~~~;: ~ ~ - .
Fort P~rrce, florida j ' ' -
' . . ~ ~ `/t
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_ ~nara~R~: .
This Instrument Prepared By John W. C~11 ins ~p % r:-
First Federal Savings ~ loan Association ?~;~p' s'~
o . ' y
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o f F o r t P i e r c e , F l o r i d a ~ 0;',: ~ C:'~c.
~ ~ .~e? •
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Checked By~- 3~'~'!~~~;,'Dy~~~Z~~.~``~:•
~ ; 227 PA~E2C~~
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