HomeMy WebLinkAbout0428 3. To p!ace and continuously keep on rhe bui!dings nox o~ hereajter ?~tuate on sa~d ~and and on all equipment and pe~sono~~y covered by this morlg-
age, with all prrmiums thereon pa.d 1u11, ti~e insur~~:ce in ihe ~sual a~a~~~~J pu~ky form, in a ium aHproved by Ihr MGR~GAGEE, and w~~dstwm ;
~ns~rance in ~he ~s~al sta:~da~d pol:cy fonn, in a au~n appro~ed by ~he MORTGj.GFE, in such tompa~y or compan~es as the MORTGAGEE may i
d bui!d•~ s, aei inlerasl thcrein ur arl Ihcreo}, in the aygrcgale sum afOresaid or i
d~rect; and all fire and vv:~Jstorm insu~ance potici:s on any af sa~ y Y ~
in eaccas thereof, thall contain the usuat standard mortgjgee clauze or such oihe~ c'~use as the Mur~gayee may requ~re, me4ing the loss unde~ sa~d po~i- ~
c~rs, each and every, payab!e to said ~~~~RTGAGfE as +ts interrst n,ay apµeai, a~d rach arid every such ~w':r~ shall be pron,pNy ass g~~ed and delivered ~o
any held by seid A10RiGAGEE as twiher srcurity to aaid mortgaga debt, and, n~t :est Ihan ten (10) da~s in adr~nce of ~he expvation of each poGty, to de-
t~~er ro said MORlGAGEE a ~eaewal thc~eot, toge~her wi~h a rece~pt for Ihe p~ac~i~m of such ~enewa!; and there sha? be no fire or .v~~~ds~orm i~surance j
p!aced on any of said buifd~ngs, any interost there~n or parl the~eof, un;eas ~n ~he ~crm and w~th the ~oss payabk as aforesaid; and in the event any sum :
of money becomes payable unda s~ch policy or poGcirs sa~d rJlOR7GAGEE shalf have the opt~on to recrive and apply the same on accovN of the indebted~ ~
ness sscured hereby or ~o permi~ said L10RfGAGORS to rec~ive and use it w any ~.~rt n~.r.eoi for ori~er pu•~cies, v~~~iwut th~..uj wo~~~:~g o~ ~~~~P~~r- ;
:rg any equ~ty, lie~ or right undrr a by virtue of ~his mor'gage; and in Ihe evenr sa~d MORTGAGORS shall tw any reason fail to keep ~he sa~d premisrs so
nsvr~, ot fail to delive~ p~omptly any of sa~J po!:cies of insurancz to seid It1CF1GAGtE, or ia11 prompNy to Fay tully any preni~um therefor ot in a~y
respcu fail ro periorm, discharge, execute, eifect, compietr, co:nply with and ab~dC by this cove~a+~t, w any part hareoi, said MGRTGAGEE may piace snd
pay tw svch insurence or any part thercof w~thoul warvi~~g ot af:eding any opt .~n, ~ien, equity, o+ r~gM under or by virtue of tkis Mortgage, and Ihe , j
f;',i amount o( each and every such pay~neM shall ?x ~mmediately due a~zd pa~at'e anJ shal! bra~ interest hom the date theceof umil paid at the rate o1 , ~
a p~r cent~rn F.et annu:n and ro~rti,ar ~v~~h auch intr~rst sh.~i~ be s~~w~ed by the lien of this mortgag~. .
d. To petmit, commit or sufier no waste, impairn~ent o~ deterioration of said property or any part thereof.
5. To pay all a~~d fingular the costs, charges and ezpenses, includ~ng a reasonable attorney's (ee and costs of abstracts of title, inturred or pa~d at
~•,y ~~~.~e by,~~~d MOR7:,AG:E, because or in Ihe eve~v of the fr.lure on the part of ihe said MURTGAGOR to duly, promptly and FuUy pertorm, d~scharge.
..:~cute, effect, complrte, comply w~th and ab.de by ea:h and every the s~ipulat~ons, ayrea~nents, cond~tions, and covenanrs of said p~ornissory note and this t
o~~gage any or e+the~, a:~d sad cosrs, charges and expenses, eac?~ and evc-y, shail Le unrnrd~ately due and payab~e; whether or not there be not~te dr
n<f, attempt to col{ed or suit pe~d~ng; and the full umo~m of each and every s~ch payn~ent shall k~a~ in~ereat from the date thereof until pa~d a1 the '
r~ n~ne per crntum ~,~•r a~~~iu:~~: a;x: et~ :a~d cos~s, ci~arges anci ~w;:~nses ~rx~rr._d or paiJ, togethrr w~th such interest, shalf be secured by the lie~ of this ~
~ e
mortgage.
b. Tha? (a) in the eveM of any breach of this 4lortgage_or defau:! o~ the part o'f the MORTGAGOR, or ~b) in the event any o( sa:d sums of money
h~,re;n reSarrrd to be not promptly and ~uliy paid .,,~~h~n th,rty i3Q) days nea~ a'rer ihe same severa~ly become due and payabte, without demsnd w notice,
~r in the event eath and evcry ~he stipulations, agreemeMS. condit[o~s and co~enants of sa:d pro~nissury note and th~s mortgage a~y or either are nof
~ prorn}:tiy and futiy perfo=med, d.xharged, execus~d, e!fectrd, co,npleted, cem~::ed v.~~h and at~~~ed Sy, then ~n e~~her a any svch event the sa~d ag
~-_9a+e sum mentioned in said prom~sso.y note then remair.~ng ~..~pa~d, w~th interr;~ accwed, and ail moneys setured hereby, shall becor,ie due and pay-
= fo~fhwith, c~ therea{ter, at ~he opT~cn of sa:~ IY:ORTGaGEE, as fuHy and comp:r~ely as if ail of ii,r sa~d sums of money we~e o~~g~~atty stipulated
i._~ pa.d on such day, anyth~ng in sa.d Fro •f;ssory no!e or ir. this l.!ortyage to th•. co~~~:ary notwithstanding; and thereupon or thereaiter a~ the option ot
> J M,ORTGAvEE, w~thovt noT~ca or derrmand, s~u at law u~ in equity, ±herrfo~e or tt~~rcaiter begun, may be prosecuted as if all moneys setured hereby
r.~ c~atured pr~or to us instit~hun.
7, Tl,at in ~he e~r.nt ihar at the beginn:ng _nF or at any time pend:~~g any su:t upen this AAortgage, or ro Foreclose if, or fo reform it, or to enforce
~,~~r o4 an~ c'~~ms hereucder, s~~d t.tiO~TG.+~EC s=~a;i .F~~Iy to the Co~:t ha..~.~ ;w~~d.c+;on shcre~f tor the appointmero of a Receiver, svch Court shall
~ ,rth a;c:•:~t a rt•:eire~ of s~~d ~ ~!~a~ d p~c:_: al~ an.i iinau,ar, inc:udng .,:I . d s~.~gu~ar ti~z ~n:ome, profits, issues artd reve~uet from whatever
, _ dc;ive:l, ~~:c+~ a~,d rre:y Of ~r ~ ti~g css'•: ureders~~od, is F.~~rci:y ~r._:r 7,ged as if spec~ficaily set forth and deseribed in the granting and
.•-,dvm c:a~s~s her~vE, ,;~~d such Rcce~.er shali ha.~• ait rhe broad and eifec!,ae f,nc~ ons ,nd pvr~ers in anyw~se eNrusted by a Covrt to a Receivtr, and
,_F~ srpoinrrnent sh.itl b•z n,rda by su;h Court az a~: ad ~utt.~d .:qu~ty a~~d a maTtcr of abso~ute r:gM to said MORiGAGEE, and without reference to the
- - f~i,~ ~•o :e~t • ~:w~:~a ed or So ~he so.r_~uy o~ ~~~sc.,tie~r~ of sa~d h40R1GAGOR w the defendants, and that such
•s prolits. ir.come, issurs ar.d rever,u~•s shaii be appi~ed cy wc ecerve~ ac,or ,..a . uch
Lo.,ri. •
8. To duty, p~erept'y a~d futty perForm: diz:harye, e:ec~te, efiect, completr-, cor.,~:'~ v~~th and ab~de by each and every the stiputations, agreemeNS,
:',ticns a+~d co+enants ~n sa~d prom:ssor f nore a,~d th:s moiigage se: forth. '
9. That ~n the eve~~ :he ov.•ncrsh~, of thc mortgaged pre:~~~ses, o. any part ti~rreef. becomes vested in a person other than the MORTGAGOR, the
,`3~•~AGEc, i~s wccesso~s ano ass~3ns. n~ay, w~~hovt roT~cr_ to ~he MrJRTG~=CR. dea~ ~.~th s~ch succesior a successor in interest with ~eference to th:s
r~yage a:d the debf hereby secured in t~:e same n~a~:::~c as w~~h Mo~tga9o• w:thout in ar.y way vit:ating or d~scharging the Mortgagors' lia6ility her~
..s or upon the deLt he:euv sccur<~d No s~:e ef rhe ~ re^+~ses h.rrby murtg~jrd ar~d no forbearance on the part of the MORiGAGEE or its successors
gns and no exrers~~~ o` rhe t~~~e ie~ ~i,~ p_ yn.ect ,t the deb! hr+_L/ secvred g~~en by the MORTGAGEE or ~ts successors or ass:gns, ahall operate
•_ase, d.scharge, mod~fy chan~e or afiect the c-.g„~ai lia:;,;,r~ oi the A".OR1GAGt3R he~e~n, eilher in whole or io part. • _
10. It is spec~ftca~.y ~qmed si„f ti,,,~ is ef thc eisence of ehis cortract and ~hat no v~,aiver of any obl~gat~on hereunder or ot the obligaYwn se- ~
ed h.reby sha:: at an~ ti *,e therea`.ter be ne'd tc bc z wa~~~>r of the !erms fiereof or of the instrurneN secured herby. ~
l l. In aJ:f t:o, to t#~e tcregc.~~ n•r.",'+ , ~r.ts of pn ,c ;:ai and i•,aer_~t rrq~~crd by ti+e p~om:ssory no~z secured here6y. mortgagor eovenants ~
.~;rees t~ ~ay to r.:o~~?acee v.~th eacF ~-o~~i~,~f ;.af~ °e~~+ an ad~•~~ona! su~~ ;st~n~are.. by mortgagee to be eq~al to i 12 of fhe annual cost of the follow-
A-Ail rtal ;:rop~rty fayra ~e.~~~:'. o~ assA<_~~-d :qai•~et th•_ anove descibed real estate.
g p;.,;,,;;,,;,z ~n {,r.• ar,3 v.:~ d:?~'-r ~rsc:r'+.c_~ cs i~er_•~n .:-a~:re~i to u~ ca•~~rd on the ~mp~oveme~ts s~tuate on the above dsscribed prem~sei.
C-p,c,n;;,•,.s ,.,~h r:ort~:ge nv~r~~:t; i~su~a~ c~ as ~no•tgagee s':.i~I f:=,.., r:ne ro ti~nr deam fit to carry on the loan secured hereby.
' Alortg~gee r•~ i frc:n n~•:e ~o ~ re rc ,f; ~ncrry g~r .n v~~:~~ng of the a c-^t d,;e and payable hereundar artd such sum shali thereupon be due and
I '~'e on tha d~e date of the n~,et ~ao~m ~ car t a~:d e,;ch successive ~rerth r~ereafrer ur.til morigagee shall notify mortgagor of a change in such
E ~•t. S~ch sums sha:i be a~;{'!«d by mo•tgay.r ror.a;d the paymen! of real p.cFert~ taxes, insurance pren:.ums, and mortgage guaranty insurance
E . .,~rs. ~
~ IN Y.IiNE55 '+:NERi F, th~ sa~d r1,ORTGA" K has herev~to set his ho~:d end seal the day and yea! first afwesaid.~~~`J~
i
an e!ivered ' Pres e of: fIti,EO AN~ H~apRaEp ~,~}y J` f
~ . gT. 41~CIc G4UNT1` rLA. r ln Seal)
~ R~JCE~ PO~TR~~ F W• ou (Seaq
~ ' ~C~i~(_L ' C'-~ `CLEFv[~~}IEQ ~OU~~ (Sea4
~ R. Go~~ o y , aenin~
- ~ (Seat)
-':,~E OF FIORIDA a 9
" - ~ ~ ~ ~ r ~ .
: :.~~iTY OF LUCl~------- - ~
1~arry W. Trout ~
Before me pe~sonally appeared ~ • `
' !Fr wiFc~ to me well known and ~~..:1~',,,~~~~y~,.'i c
: ~ndividua' describrd in and who executed the foregoing instrumem, arx! acknowtedged before me fhat- he executed Ihe ai~'' ~ z
, .~,4\:l~':..., ' ~ - ~ •
c. ein expresaed. And 1F+e-seid-- - - ~ < ~ ~ ~
.I.~~ef-r4~seed --------------------i~osband,-a~knowl ed-eoand~efore-rne-tkarsfie~~vs.~~ -~~~~~R~~Rl-
~~~?,watierrby-~ne-feieei+x`perelrerrd-epart-hvrrrl~rseid ~9 - = ~-•'I t~ r .
a.« w .iwd~ w~il»u~ ~~y-c,t,~w~iusr~ te+»+~e~»t apFhc*e~ er-(ear o~ er-irorn-fier--se~d ~+esban~ ; . _ - . - • •
day of_- ~ f: -°2~ `qe ~x.~
~ WIiNE55 my hand and oEfiual s>al ih~s_ _ _ - _ ~ , - ' ~
C i L~ . - • ; .
' ~ TE UF FLORIOA ~ ' ~ Nota 'Public in and for the State~pf i~a t` ~ • ` ~
_ ~j ~ u, My Commission expires: -
~ . ~'rTY OF ~-~4~
= ~ • / ~ .
•.1 -
Be(ore me pe~sonatly apFeared Dornthv_ T. Raenin~ •.:1?~~•t~~~ ~rh'y'
: ' ~ + '~i,
~ _ --his-~+(e, to rr~.~el~ `fC~oknan~ fty~wj~,~joa~-~ ..~e
_~ndrvidua' described in ar.d who eaewted the foregoing instrument, and acknowtedged before me that S1Ye: eK~Kure~l'fFie ~1rrK ~
+t ~ . ~ • ~
~ - ' ,
~ _ e:n expressed_ Awd N~e ea+d--- - - . _e' - - ~rc~. .a..
.~.ied~?w-~s:~ - , . ;
~ _ - - - ' 1t 1.. = Dp~~ jNMI!'
i~ .utiaLan.b~c ~,e ia~~sQpacaie.aad a~.~a 1ra~.. ~e.~e~d i,usbenb beknor~+edge~ to-and befrne me t4rar-sfie~ex~cOfE~ zald'11Uf1bRRf~tE.
v «~-a..r-w.tl~oetierrp <e+~,v's~on-eo**meirrt: apPrehe,rts'eR,~T Ye3r'dF'oT t:BRf TfEi 3aTdlfuTb'and. . t.: ~t,, ;s;, . `
~ WiTNE55 my hand and offiGa~ seal th~s_ ~f~?~ day of_ ~~d ~~B i~•' ~/~'D$:~~i~
_ ~ , '
Checked By N ry Public in and for tF~e $1At~ of ri~a,~t r~e
~ My Comm~ssion expires: _ :j/,"~~ ~ .
This instrument prep~rp~l by: Robert A. Swisher,.Tr. '~'f} -
rirst "ec~eral Savin~s y~ Loan Assor_iation o` Ft. Pierce,
QQ ~j~ ~~Q
~lorida , ' E~.~ ~+~V ~ ~l.0(7
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e
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