HomeMy WebLinkAbout0890 3. To plac~ and continuously keep on fhc but.d~ng• now o~ hereafte~ ut~afe o~ sa~d Iand a~d on atl eduip+nero and perwnally covsred by 1hi~ mat¢
ege, with al1 p~emium~ thereon pa~d in tull, fite insu~~~xe ~n the u~uat •~andard pol~cy form, in • sum approved by tha MORTGAGEE, and winds~am
insur~nc~ in tM usual iranda~d pol~cy fonn, in a sum approved by ~he MORiGAGEE, in suth compa~y or tompanief at ths MORiGAGEE m~Y 1
d~retlj and all fire and wiruJitorm insv~snce policirs on any o( sa~d build~ngs, any interest therein w part therso(, in the aggr~~te sum afo~tlaid w _ t
in rxtess Ihereof. sMll :cintain ths us~al standard ma~gagae tiaute w such o~he~ cla~se as tM Mwtgegee may ~equ~r~, makiny the lots under sa~d po1F . ~
dri, each and every, payable to sa~d MJRiGAGEE a~ ~ts imerest may sppear, and each and every such poiicy shall be promptly ass gned and de~ivered ~o ~
sny hetd by said MORiGAGcE ss fur~hersecurity to said mortyage debt, snd, no~ teu tha~ ten p0) days in advance of the tapuat~on of esch po6cy, to d~-
liver lo taid MORTGAGEE a ronewal thereol, togethar with a rece~pt iw the premium of iuch renawal; and there shall bt no fire or windstonn insurarxe
placed on any of said buildings, any inte~est therein or parl thereof, ~nless :n she for~n a~~d v.•i~h the lou payable as afores+id; and in tht eveM a~y tum ~
oi mo~ey become~ psyable urxler such poticy o~ po~kies seid MORiGAGEE shall have rhs oprion ~o rece~ve and app~y the same en accounl of tAe iixlebtes~ -
ness secured hereby w to permit aaid MOR~GAGOR$ to ~ecaive and u~e it w any part thereof for onc~. pwposes, v.i~hout ~hs~~ n~ waiv~~tg e~ u~'Pd~~'
ing any eqv~ty, lie~ a righr under w 6y virtue of ~his mo:'gage; ar.d in the even? ~a~d MORTGAGORS shall ta any reawn fail to keep the :aid p~emises so
~nsured, or (ail to delivar pranptly any of sai~ pol~cias of inau~a~~ce 1o said MORIGAGEE, o~ fail promptly to pay fully any premi~m therefor w in any
respect fail to perform, discharge, execute, effett, compfeta, tomply with ~~d ab~de by thi~ covEnam, a any part htreoi, said MORTGAGEE may pfate s~~d ~
pay for fuch insurance or any part tl~ercof w~thout waiving w affeceing any optio~, I~en, eqv~ty, or r~ghf u~der w by vi~tue oi this Mortyage, and the
f~ll amovnt o( each and e~ery such payment shatl 6e im~nediately due and payable and shall bear interest irom the date thereof un~il poid at 1he rate ot
~~~~e pe~ ce~tum per annum and to~etl.er wi~h such intrrESt shati !;e s Kured by the fen of this mwtgage. ' ~
4. To permit, commit or suf(er no waste, impai~me~l a deteriorotion of aaid propcrty p any part thereof.
5. To pay all a~d singular the coxts, cherges and expenses, includ~ng a reasonable atlwney's (ee and costs of abstrads of title, inc~rred w paid
~ny time by said A10RTGAr;E, because o. in ~he event of the fa~iure on the part oF the said MORTGAGOR to duly, pron.pNy and fulty perform, d~scharge.
execute, eifed, canplete, comply with and ab:de by each and every the alipvla~ions, agreeme~ts, condit~ons, a~d cove~ants o~ sa~d promissory note and this
rorrgage any or eiiher, and sa.d costs, charges and eapenses, each and every, shatl be immed~alely due end payabte; whe~her or ~ot there be notice do-
mand, atlempt to tollect or suit pend~ng; and the full amount of eath and every suth paymen~ shall bear interesl irom the ds~e thereof uNil p~id at the
r.,r~ of ~~ne ~:r cent~m prr am~u:n; and al~ said costs, char•3es and expznses +ncurred oi paid, togrther ~v~)h suth interest, shall be setured by the lien of thi3 _
mortgage.
6. 11wt (a) in the event of any b:each o( this Mortgage or default on the part of the MORTGAGOR, a(b) in tFx event any of said svms of money
hrrein refened to be ~ot promp~ly and fulty paid w~rhin th~rty (301 days nex~ a~tei the same seve~afly become due a~d payabte, withoul demand w not~ce,
or !c) in thr event each and every the st~pulations, agreements, cor.diiions and cavenants of sa:d promissory note and th~s mwtgsge •ny w either are no1
;~iy, promptly and iulty performed, d scharged, executed, etfected, cwap~eted, comp.:ed :•:~th and ab~ded 5y, then in e~ther or any such event the sa~d aQ~
;regate sum menkoned in said promissory note then remaining unpa~d, with intrrev a:crued, and all mo~eys secured hereby, shall become due and pay-
ab'e forrhwirh, or thereaiter, at the op~:on of sj:d MORiGAGEE, as fuHy and comp:rtely as il all of ihe said aums of money were onginally at~pulated
~o he pa:d on such day, anythfng in sa.d prom;ssery note or in this A~ortgagr to ~he co:~trary notwithstand~ng; a.~d thereupon or thereaher af the option of
s~:d MORTGAGEE, wirhout not~ce or de~nand, suit at law a in equity, iherefwa or thereafrer begun, msy be prosecuted u if all moneys setured hereby
d matured pnOr 10 ~ts institution. .
7. That in the event that at tne beginniny ef o~ at any time pe~dl:~9 any su~t ~p~n this Mortgage, or to foreclose it, or to reform it, or fo enforce
c3yment of any claims hereunder, said ;.1pRIGAG~E sha.~ apply to the Court fiavuig ;ur~sd:c~ion ihereof ior ~he appo~nrment of • Reeeive~, such Court shall
_ rn.r~th appaJnt a~e.e~ver of s:+id m.o•tgag~ci prrpe:ty al1 and sing~;ar, ir,ci„J.ny au and singular the intome, profits, issues and revenues (rom whalevar
s:-.,~ce ~e~i~ed, each and every of wli:ch, ir being ~xpress!y understood, is he:^u~ mortgaged as if spec~fically set forth and dese+ibed in the granting and
t~,b_~:,dum ciavees hereoi, and such Rrceiver shali have ell the brcad and ef!ectP+a for.c! or,s and powers i~ anywise emrusted by a Court to a Receiver, and
s_;h appointment shatl be made by such Court as an ad~nirtrd equ~ty artd a maft~r of a~so ~te right to said MORiGAGEE, and without reference . ro the
d_qu~cy or inadeqvacy of the vaive of tF,~ property mortgaged or so tr~e so:vency o+ i~zso~vency of said MORiGAGOR a the detenda~:s, and that such
r~ ,~s, profits, incorne, iswes and revenues shall be app6ed by suth Rec~~ver acwrd~~:g to ~he lien or equity of said MORTGAGEE and the practice of such
Ccurr.
8. To duty, prcmptly and fully p~rform, discharge, rxecute, eftect, com.pfete, co~ply w~th and abide by each and every the stipulatioos, agreements,
,;nd~rivn~ and wve~~anta in sa~3 prom;sswy r.ate and th;s ~no~tgage set forrh.
9. Th;t in the event the ownershi;, of the mortgaged prem~ses, or any pait thereof, becomes vested in a person other than the MORTGAGOR, the
:'R?GAGEE, i~s succe>sors and ass:gns, may, wl~hovt no~ice to the ~~.ORTGAOR, dcat wnh s:xh successor w svccessor in interESt with reierence to Ihis
~ o•+9age and rhe deb~ fc~ebv secured ~n the same manner as with Llortgagor withoot in any way vitiating or diuharging the Nlortqagors' liabitity hero-
or up~n the debt herei.y s<wr_V No saie of the E•re~uses h~reby mortgaged and no fo~bearance on the part of the IAORTGAGEE a its suctessots
~ss[q~s a~d no exre~u~on oj fhr ru~e +v~ ri,e paye~ent of the debs hereby sx~red g~ven by ~he MORTGAGEE or ~~s successus w asslgns, a~zall operate
!o ~e ease, d~scharge, mod.fy thar.ge or afiect fhe onglnal lia~~i t~ oS rhe L•,ORTGAGOR herein, either in whole or in part.
10. It is spec+fi.a'fy agreed tha+ tt~ne ia o1 tl~e essence of this contratt and that no waiver of any obtigat~on hereunder w of the obligation se-
c~-ed Fnreby ~haii at any tir:e thcreafrer be tee:d to be a waiver oF the !erms hereof or of the instrument setured herby.
11. In add tn ~~:e feregc ~~n ~~~omh!y F;zy~r,nts ef p;irc pai ar.d ~rrerest req:;~r:d by the prom:sscry no~e secured hereby, mortgagor covenants
~~d ,3-ees to pay ro mo•~a~gee v:~rh e~ch ~romh,y pay• :ent an add;r;cna~ s~m es!'•++ared by mortgagee to be equal to 1 f 12 of the annual cost of the foilow-
A-A~1 .eai property ta~as ~ev.ed or assess~~d ag3i•~st thc ai~ove descr~bed real esrate.
B-P:~~.~: or-s cn i~re and vf;r.d5to •r. ir.iu~ar[e ~s nere;n rcqu;red to be ca-ried on the improvemeMS situate on the above described premises.
C-Prer,.~•,,rns o~ s~•c!~ ~-c~+g .ge ~uarant,r ~r.surjnce as m_xtgagee sha(I (rom ri~.:e to time deem fit to carry on the loan secured hereby.
~ Idortgagec s~~a'~ j~o~n r~nx to t~me nct~fy morigagcr ~n wriTing of the amouot dve and payabte hereunder a~ wch sum shall thereupon be due and
' ...h!e on th~ c+ue ua!e of rFe ~~~•x~ :~,onth'y aarrnent and e.+ch successive mon~h tnereaieer until mortgagee shal~ notify mortgagor of a change in such _
~ o•,,nt. Such sums shai! L-e app•.ic~d by n:ort a~ e to~ard ?he ment of real ro rf tases, insurance rem:ums, and mort a e uaran insurance
rI 9 e°= PaY P Pe Y P 9 9 9 ~Y
`E . ..~nium5. _ .
~ ItJ ~lITDtESS WiiER~OF, the sa~d MORTGAGOR has hereur.to set his ha~d and seal the day and year first afwesaid_ ~
~ Signed, Sealed and delivered in the presence of:
. ~
~ _ - ~ e e , cs~a4
~
~ ` - - ~Sean
~ L g ~s~,~
~
~':,7E OF FIORID - ~
u_
. ;ur~rr oF St . L„G~~_,_ 1
Befwe me personaliy appeared _ ____~e111Q Jenkins, a sinc~le adult
~[DUf8f0( t~ me well koown and known ro me to bs
~ individ~al described in and who executed tht foregoing instrument, and acknow{edged before me fhaf S~lexecuted the same fo~ the purNose~
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a WITN'c5S my hand and off~c~a! seal this.___ day of A D. 19~
~
~ ~ tary Public in and fw ihe State of f~a at large
i y Commission expires: n_ . j_
Return To: Notary PuL-Iie, Slah eF ..+t~ a1 Largs
~ My ~cr.~n•::sien Ex~ures ?5~ t978
F;rst Federal $avings 3 loan Aswciat:on
~ ao~+d.e br ~,+~•.Ka~ ~.e ~s c~,,.~o~~ to.
Of Fort P;erce.
Po+t Pierce. Ft~~~da
~ f{L~ ~N~ K~Ntr G : " '
; .LsC1E~COUtRAS ~ '
~ dC~Eax ~.~.:,~~t CouRt ~ ~ , ~ ~ -
~ This Instrument Prepared By Gary F. Ellwoo Y~~:F?ED . y~'~
First Federal Savings 8 Loan Association A[C4R. '1 ~ .
~ of Fort Pierce~ Flori~a ~ 'i ~3 ~N~~`1 - '~'~L'~-
~ ~ . •f•~, ~ . ~ . .
_ Checked By ~ • .
• ~ ~p 283853 - ~
~ E-~~ ~GE DO~ ~
, ~ , _ ~
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