HomeMy WebLinkAbout2238 To plac~ and continuously keep on ~ha bu7•dings now w he~eails~ ?ituare on sa~d land and on al{ puipmenl +nd p~rwnally tovtred by thi~ mw~q~
egs, wi~h all premiumf ~he~ew~ pe~d in (ull, lire insurance ~n ihe usual s+a~xlard po~icy tam, in a sum approv~d by ths MORfGAGEE, and windstorm
~nsuranc~ i~ ths uswl standa~d poi~cy fam, in a sum app~oved by tha MORTGAGEE. iuch companY or ca^P+^'es ss ~M MORTGAGEE may
direct; and all iiro and w~nd~~orm inwrance polici~t on any ot said bvild~~yt, any tntere+~ theroin or parl thereof, in tFw +yyreyaq wm ~laesaid or
in e:ceu ~hereof, sAall comain tM usual ~tanda~d mo~tgagee uause a wch o?her ctause u tM Matg+gee may requ~ro, m+l.irq ~IK ~ws u^dN iaad polF
c~es, each and every, payable to said MORTGAGEE as ~ts imerest may appear, and each and every s~ch policy shall be prwnptlY ais_9~d +~~d del~ve.ed to
any hetd by uid MORTGAGEf at further irurity to s+id mwlyage debt, s~d, not les~ tlwn te~? l10) d+y in sdvance o( ~M expirat~on ol each policy, ~o dr t
I,~er to said MORiGAGEE a renewal thereof, ~oge~her wi~h a rece~pt for the p:em~um of such renewal; and there shall b~ no fire or w~ndsto~m insurant~
placed on ~ny of said buildings. any i~terest therein or parl tnereoi, unies~ +n the fvm~ a,:d w~th the ~au p~yab!r es elaes+~dJ +nd in ~Fr •v~n1 any sum
of mo~sy beco~na paY+ble unda such policy a polaies said MORTGAGEE ~hall have ~he optio~ ~o reteive and epply the fan~e on aaa+^~ of tM indebled~
neas setured Fxreby or ro permil said MORTGAGORS to receive an+d use it or any ~~ait ~hercof for oYtwr {wrposes, w~~M~t ~h:.eb~ waivi~~g w~~npair-
tng any equity, lien w righl uncler or by virtue of Ihis mc::gape; and 'en the evem w:d htORTGAGORS shell fa sny reason fail to keep 1he s+7d P+emisrs so
~nsured, or fail to deliver promptly ~ny of said po~~ties ol insurance to u~d MORTGAGEE, w iail Euomptiy fo pay fully any premium therefor a in a~y ~
respect fail fo perfwm, dischar9e, executa, efiect. c:xnpiete, cornply wi~h and ab~Je 6y this covenan~, or any par? hereof, said MORTGAGEE may F~ace and ,
pay ior such insurante or any part thereof without waiving w aifrctinp any opl~on. lien, equ~ty, w tight under o? by virtue of this Ma~page, and the
f~!I amoum of each and every such payment shail~be immediately d~e and payable and shall bear interest from ths date 1he?eof until paid at the rate ot ~
~,~r,e per cenrum pe? an~um and to~ether with su<h inte~est sh~p be secured by the Gen of th~s mortgage. t. y
4. To pe~mit, commit w sufter no waste, impairment w deteriora~ion oi said property or any part thereof. : f~
S. To pay all and singular the costs, chargei and cx~ses, includ~ng a reasonablc attwney's fee ar+d costs of abstracts of title, incurred or paid at ,
n~y ti~~ea by satd MORTGAG'_E, becauu w in the event of tha failure o~ the parf of ~he sa~d MORTGAGOR to duiy, promptly and fully pertwm, d~uharge.
~,cecute, e(~ed, tomplete, to~nply with and ab~de by each and every the stipulat~ons, ag~eements, tonditions, and covenants oi said promisswy note and this
n:ertgaga any or e~ther, and sa:d costs, tF?arges a~d e,cpensrs, each •nd every, shail be immediately due and payable; wfiether o~ no1 tF~ere be nolke de~
mand, attempt ro collect w suit pend~ng; snd Tho fu!! amoum of each and eve.y svch paymem shall bear interest from ~he dste th~reof wui~ p+ld +1 the
re of n~ne per centum Hr~ an„u,n; anc.' at! said costs, cha~ges and exprnses ~~curred w paid, toge:her wah suth interest, sMll'be secured by the tien of thif
mor tgage.
6. That (a) in the event of any breach of this Mortgage or defau~~ on the part of the MORiGAGOR, w(b1 ~F+e evenf a~y of sa~d sums of money
herein referred to be not Franptly and (vlly paid w~th~n Ih~rty i30) days nexf a4te~ the same severally becane due and payab~e, wilhout demand or ~w~~te.
er (d in the e~em each and every ~he sl~putations, agreements, cond~t:ons and covenaots of sa,d promissory note and this mwtgs~e any p till~er sre ~wl
i:~;v, ~rompdy and fully performed, d s:harged, execured, rtfected, car.pteted, complied w~th and ab+ded Sy, then in either w any tuth eveM tM taid sg
~regate sum mentioned in said promissory note then remai~e+rig unpu~J, w~ti~ ~~~i~:es: a~.,..c3, ar:d a=? r::ar.ey3 szsce•~ h^+'bY, s~~~ ~p^'e ~~^d ~y'
eu.z forthw~th, or thereafTe~, at the opt~on of sa~d MOR7GAGEE, as lulty arx! comp:e~e~y as ii all of the said tums of money were orginally st~pulated
te be pa~d on such day, a~ything in sa:d promissory note or in this Mortgage to the conrrary ~.~:::~thstanding; and thereupon w thereafter a~ the opt~on of
s~id MORIGAGEE, wizhout not~ce or demand, suit at law w in equity, therefu.e or thereafter begun, may be proxcuted ss if ill mw~eys sacured fiereby
r,~d tndtufCd PhW t0 i13 in3~itution. R
7. Tha~ in the event that at the b°ginn~ng ot or at any rfine gendir.g a~y sv~t ~pon this Mortgsge, or to fweclose it, or to refo~m it, o~ to enforce
;;,yment of any claims hereunder, said MORTvAGEE shall apply to ~he Court ha+i~~g ~u~~sd.c~io•~ thereof iw tFK.appoinlmeM of a Receiva, svch Couh siwii
i~ r~,virh appo~nt a receivrr oi said mortgaged pro~rty ali and singutar, inc:ucS.ng at~ and s~ngvlar the income, prof~t~ issues and revenues from whatever
s~~•ce drrived, each and every oi wl,cn, ~t be~ng <xpress'y unde.stoed, ii hereuy r.~ortqaged as if speulically ut ~wlh and dexribed in tlx granting and
h.3~_ndum clavses hereof, and such Rece~ver shalt ha.e all the br„ad and effecc,ve fucct ons and powers in anywise entrusted by a Courl to + Reteiver, ~nd
s,ch appointment shall be made by such Court as an admirted eq~~,y and a n:atter of absolute ~~ght ro said MORTGAGEE, and without reference to the ,
a~:<~yvacy or inadrquacv o~ the value of the p~eperty mortgaged or to the so.venc; or ~:~solvency ot said MORTGAGOR or the de(endants, and that such
r~•,~z, profits, income, issues and revenues shall be ap~Ged by wch Rrceiver a::o~ti.i:g to the tien or equity ot said MORTGAGEE a~d the practite of such
Court.
8. To du:y, premptly and fvlly perform, discha~ge, exxute, ef(ec~, compte~e, cornN~/ with and abide by each and every the stipulations, sgreements,
:~.nd~tions an~ cover.an!s m sa~d p:om~ssory note and th:s mortg3~e set fer.h.
9. That in•the eve~t the ow~e~shi~ of th~ mortgaged prec,:ses. or any part 1ne~eol, 6etomes vested in a perwn othe? than the MORTGAGGR, the
RTGAGEE, its s~ccesso.a ar.d ass~gns, may, w~~hout nor:.e to tne ~V•O!iTG.nOk, deai wioh wch successa or successor in interest with reference fo Ihis
artqage and the dr.bt hereby secured i~~ tFe same manner as with 1.1o:tgagor w~thoW in any way vifiatirg ot dixharging the Mortgago?i liability hert
,.~er or uyon ~hr debt he:reby sewrecl. No sa;e oF tt~e premises hcreby mortgaged ar.d no forbearance on the part of the MORiGAGEE or its suteessors
ass~gns and no extens~on of ttie tu::e {or the paymen~ 04 the dFbt hereby secv+ed given by 1he MORTGAGEE or its suceessots or assigns, sfiall operate
~o re~ease, d~scharge, rrod~fy change or affect the orig~noi Iiabil~ty of the NORTGAGOR herein, either in whole w in parf.
10. It is spec~ficalSy ag•eed that t~~ne is of the essence of this contract and tl~at no waiver of any obtigation hereunder o? of the obligation sr
:;,red h.~reby shatl at any tin,e tAereafter be hc!d to be a waiver of the !errns hereof or of the instrument secured herby.
l l. In aid~tio~ to !he toregc:~~9 snonth'y pa~mcnts of pn:~c paf and imeresr requiied by tF~e promissory note secu~ed hereby, mortgagor covenanis
a~rees to pay to mcctgayee vc~:h rech mo~~th'y pa;~,ent an add ;~o~~al sum es*:~~.a~ed by mortgagee to be equal to 1;' 12 of the annual cost of the follow-
A-AI~ real property ta,ces te~~~ec'• or assessed egai 31t the a6ove descri;ed real es~ate.
B--Premi•.~ms on f~rr and winds+orm ~nsurarce as herein rcq~~:~ed ~o b.~ carnPd on the improvements situate on the above described premises_
C-Pre~niur.•.s o~ ~~ch m«ogige g~arantv ~rw~a~~ce a: mort~age_ sha.l frc~*: t[me to t~me deem fit to carry on the loan secured he~eby.
ort3agee sha.i }~cm ne ~ to -:e nc-~~; mc•tgago• ~n wr;!mg ej the a~rount dve and payabte hereunder and such surn shall thereupon be due and
~ •:'e on 7n~• duc de~> ot the ~'ex! -„o:~'F~i~; cay'T'~•nt a:id e.~t'~ succ_ssive m.o~zth thcreaffer ur,til mOrt shall not~fy mortgagor Of a ehange in Such
~ "nt. Such su:ns s6ait '.;c app:ied :.j rrorrgay,r tor:a:d ~l:e pa~ment cf reai property taxes, insura e p m.ums, and mortgage guaranty insurance
~ . ..iRS. - , '
IN 1YITA1ES5 ~tiHER~QF, the safd A10RTGAGQR has hereonto set his har,d and seai the da and year int aforesai~~
$igned, Seated ar.d delivered in the presence of: 1~ 1 ~
~
11l1C@ C il a4
_ s~n
- Mar n Hall ~q
- -
"".=.TE OF FIORIDA J
~
. -;U'JiY OF • Ie11Cle _ 1
Before me pe~sona!ly appeared iCe C• Hall , and
M~l3r n Hdl l his wife, to mc well known and known to me to be
: ind~viduals described in and who executed the foregoing instrument, and acknowted9ed before me that they executed the same fw the purposes
!~ere~n expressed. And the sa~d Marv Ann Hall ~
:'e of the sa~d - 1~1at1Y 1C@ C• H811 upon a separate and pirv~te
~,-n'nation by me taiQn seQarate and apart from her said husband, ecknowled9ed to and before me that she exetuted said instrument freely and voluo-
~.~y and w~tho~t an~."tainpu~t»n, wnstro~nt, apprehe~nsio~n, ~fear of or from her said husband.
~;;o~riti~i ° _ da ~Y A. D. 19 74
NITNESS`~r{p~'~nd x~d.~~~seal this-_- Y of
~~,•ta!~~~= .~yl~ ?7 •
~ ; .c;.
~`lG.'. ,t •.~..=L~yi;i Notsry Public in and for the te of F{orida ~f lupe
Q~ _ My Commiuion expires: ~ O• s 0~ `j ~
_ ~ .
~ ; ~turn To: •
: irst faderai:5sv~w~i~ a loan A~t~tiaeon
• ' ;
~ ~f ft P~ rc~
. ~
. -%~o~ C-
's C~ f 1LEQ Atl~ AfQ~p~
~
Sfi. WCIE COUNfi~ i-41,
~ ~ F~~,.. • ROCER POtTRAE' (
.
This Instrument Prepared By J. H. Roberts Jz . ~~o~ K CsRCUIT COURT , .
First Federal ~avings 8~ loan Association RfCO. _ YEk~~1ED
of Fort Pierce, FloYida Y.y ~O 08 ,u f~~
r~ 1111
Check ~ By .
~ ~ t PAGE~~ ~2'715
,
fk7
a,.. F:.v .~7'. ~ -
-'t
- ~^i`;.~~%~~