HomeMy WebLinkAbout1205 3. To plue and continuously keep cn the bui:dings now o~ hereafrer sit~ate on se~d ~and and on sll equip~nent and personaily covered by th;s mortg-
ege, with all premiums ~he~con pa~d ~n full, fira insurance ~n the uauaf sra~-~de~d Hv'~cy form, io a sum aNprored by the MOR~GAGEE, a~~d w~nd~turm
~~:uronce in the ususl a++nuard po6cy form, in a sum ap;.roved by ~he MORTGAGEE, io such co+npany or canf.an~et u the MORTGAGEE m~y
d~recl; and sll li~e and windsroim ins~ra~,ce polic~as on any oi ss~d bu~~d~nys, any iroeresl thrrein ~x part Iheceof, in Ihe aggregate sum etotesaid w
in eacess Ihereof, shall con~ain the usual sra~~da~d mortgagea ciause or such ofher dause as the Mortgagee may ~equ~ro, ma?ing Ihe tos~ under sa~d poli-
c~es, ea<h a~+d ev~ry, payo~~!e ro sa~d AtORiGAGEE as ita interrst may appaar, and eoch a.nd every iuch ~w~icy shaR oe p~omprly ass g~:ed a~d delivared to
any held by said MORiGAGEE as (ur~her secur~ty ro sa~d m~rt9agc debt, and, not.lrss tf~an ten (10) days in advrnce oi ihe expiration of each policy, ~o da
i~ver to said MORTGAGEE a~enew•al thereof, togethar with a rece~pt ior the p~e~~~ium e( such renewal; and there shall be no i~re or w~ndeto~m insurance ~
placed on any of said build~~gs, any interest therem o~ part thr~eof, or.tras ~n the fo~m a~x1 with the Icss payab:e as a(orosaid; and in the eveM any sum
of money becomes paYable under such pol+cy w po~~cies sa~d MORiGAGEE ~hall Mve the opt:on ro rcceive and apply the same an acco~nt of the indebted~ ,
nrss secured hereby or ~o prrmis sa~d NFORiGAGORS to ?eceive i~d uae it o? an~ ~.+~t the:eol fo~ oti~~•r N~rF oses, v.~~nc~t Ih ur \YJ~Y+'13 0~ ~n•pa~r• ~
~ng any equity, ~irn w rigtit under ot by virtue of th~s mcr!gage; and in the evem sad MORTGAGORS shall fo? any~eason fai? to kcep the said premisas so j„
~nwred, o? fail lo del~vcr promptly any of said poi~t~es of insu'ance to sa[d MORivAvEE, or fail promptly to pay iu~ty any premi~m theretor or i~ a~y j.~
respen (ail to pe~fam, dncha~ge, exec~te, effect, complcra, co:npfy with and abide by this covena~t, or any part hrreof, said MGRTG:+GEE may pl~ce a~~d ~ ~
pny fw such insurance or any part 1herEOf w~tFwut waiving w affec'ing any opti;,n, lien, equ:ty, or right under or b~ virtue of 1h~s Mor!gage, and the £
f~,ll amount of each a~d e.z~y such ~aymeAt aka~ll tx immedietely due and payable and shall brar interest ircm tha date thereof u~~tii po~d at ti~e rete o1 • ~ ~
~r~e per cenlum per annu~n ~nd to3r~her ~vith s~ch im~~ast s1w~i Le n••wred L•y the I:en of t`~~s matgage. ~
4. To permit, commit w svffer no waste, impairment or dcte~ioration of sa~d property w any part ~FKreof, s
S. To pay aN and singuls~ the costs, charges and expensrs, irfclud~ng a~easonaLle attwney's fee and cos~s of abstracts of title, incur~ed or paid at
,ny ~;me by sa~d MORiGAG:E, because r in ~he event of ~he (~.iure on ifie par~ of ~he said MORTGAGOR to duly, promNNy and fuily perForm, d~scharge,
~.acute, eifect, complete, comply w~th and ab:de by each and every the s~ipuEat~ons, agreeme~ts, cond~t~ons, and covenants of said p:c:nisso~y note and ~his
~•igage any or e~~her, and sa:d costs, charges and expenses, each and every, shall be immad~ately due and payable; whether o? not there be notice do-
r~:3nd, attempf to cotlect o~ wi~ pend:ng; and the full artwunt oi each and e~e~y such payment shall brar imerest from the date thereof until paid at the
ot r.~ne per c2n:~m F•cr ar,~~u:n; o~u.' a~l se~d ccsts, cna:ges and ~xra~~srs ~rxu:rrd or pa~d, toyathrr w~1F suth interest, shall be secured by the lien of this
mortgage.
b. That (r! i~ the event oi any brEath of tF.~s Mo.rgage or de?au:t on tlr_ part of thc MORTGAGOR, or (b) in the event sny of satd sums of money
kcrein referred to be not pranptly and fully pa~d within thnty (3Ji days next a~rer Ihe san,e severa!ly betome due and payable, without demand or nonce,
cr ~;c) in rhe e+em each and erery the slipu:ahens, agreements, cond~s~ons and covenanu of aa:d F~omiswry note and th:s mortgage any w either are nol
~~::1, ~rar.ptiy and (u~iy performed, d schar3ed, exec~~ted, effeded, cornp:eted, cu~npcled v:~rh and abided ~iy, then in e~ther or any such event the sa~d ag
••_:3aea sum mentioned in sa~d p:o~~+iss~r~ ~~c~e tnen re~nainu~g ~npaid, wrth inrerest accrued, and a'~ moneys aecvred hereby, shall become d~e and pay
ar. forthwith, or thereafter, at thr. opt:o.i of s..~ti A10RIGAGcE, as fv~ly arrJ co+npie~~:y as if a~l of thr said wms of mo~ey were w~ginally stipu7ated
, i-.~ pa,d un such dcy, anythirg ~n s3.d p:o~1n:sso~y note o: in th]s 1ScrTnage ro the conr.ary notw:thstanding; and ~F~ereupon or thcreafter at the opno~ of
.-,.f :'ORTGAGEE, w~thuut norke or QEfl:J~1V, su~+ at ~aw or in eyuity, tne~e!ore or thereafier begvn, may be prosecuted as if al) moneys secured hereby
f. f~~d1Uf~ Ph0/ IC its tnstitu'~on. ~ ~
7. That ia the ever.t rhaf at the beg~nn[ng •:f or at any ti,ne pend~ny any su~3 upc~ this Mo.tgage, or to foreclose it, or to re{orm it, or.to enforce ?
~.::nG+1f of any C~a~:mi ~e~e~~:der, z.+;d lNURTvrw:E s~~a" apply !o the tourl ha~,ng ~u~.sd.ctwn iheeeaf for the appointment of s Receiver, such Coun shafl j
r~,~~~rn appo~nt a rr-,e~ver of se:d :r.v•tgayc~l FrpFrrty .,II a:.d s~ngu~ar, ir.c;ud~eg a:~ a~d s,;;gular d~e income, prof~n, issues ar.d revea~es from whate~e~
;rce derived, each and every of wh:ih, ~t be~ny r~rrrssiy unde~stood, is her+;by ~nortgaged as if spet~fitally set fcrth and destribed in the g~anting and
i~t:endum c!avses hereof, and svch pc~ceiver sh31i have all ~he broad and efiect~.e fcrce ons ar:d powtrs in anyw~se enirusted by a Court to a Reteiver, and
,:h appoinsment ahai: be m~de by such Cou}t as an ad~~~~tr~~c! eq~~ty and a~~~a~~er of absoiute right Io said MORTGAGEE, and withcut refererxe to the
-c'__~,;;cy w inadrquacy of the va:ve of the p~e~rry mortgaged or to ti~a w.~'ency ^r n<_clverxy of saed MORiGAGOR or the defendants, and that suth
+s, profirs, income, issu~s and reven~es snal! kx app~ied by such Recc~+er ac_ord~~~g +o the tien or equity of said MORTGAGEE and the practice of such
..ou~L
8. To du!y, p.o.:,p~!y and fuily perform, d~s:hjrge, ex~cute, efiect, complate, cc~np:~r v~~th and ab~de by each and every the stipufatians, agreemeros,
._nd.•ior.s and eovenants m s3~c ptom~:wr~ note and ~h[s mo~tg~g° sei forth.
9. That i^ the event ~he o-hnersh:`. of the marrgaged pre~*~:ses, c: any p~rt ti:ereoi. becumes vested in a person other than the MORTGAGOR, the
.,R?vAG:e, irs wcc~s~ocs and d55~y~~s. may, .v~t!~aut not~c^ to ~'~e 'A03T~:.Ok. cleo! ;,,~th s~~ch svccessor or successor in imerest w~th reference to this
'.•r3age a~'.d t~e d_ot Fe;cizy sc;ured m the tame n:a~ rcr as w~:h :tsrt~.,gor w~tho~f in any way vilSating Or tl~xfiarging the IAortgagOrs' liabiiity her!
cr upor th~ deb+ hareb~ s~c.~:eJ. Ko s~:e of rt.e ~-r•r~s?s h_rcny ~r~c,ttg3grd ar.d no fcruearonce on the part of the /110RiGAGEE or its wuessors
_ ~ss gns and no cafers:on ot rhe t~:~e ?or ri„~ pay;r.tnt of fne d~~b~ hc~e! , secvred g~vc'n by ~he MORIGAGEE or its wccessws w assigns, a.~all operate
~ re zase, d:sctearge, mc,d~f~ c~:ang_ or aiicct the cng~rai fioc.~ fy a` ;ne 'LG~iTGAGe;R here~n, either io whole or in part.
10. It is spec f~:aify .;areed thar ti+ne is of tha esse~ece of this cont:act and that no waioer of any obligation hereunder or of fhe obfigation sr
~ured hareby sha:i at eny~time tne~ea'r:c+ hefd to b~ a w.~iver of the !erms hereoi or of the instrument secured herby. .
11. In a:i ~.t:o :'o the forego ng mar~th:y +aa fn•,~~~ts of pr~: c rs1 ar.d inre~es~ requ~: ed by the promssory not~ secured hereby, mortgagor tovenanis
r~~cves to pay to .~~o•tg.ger v~,,th eacn rnomh~y ;.ay: ~er~t an adcl:~ic~al s~-~ es~.:t.ared by ma.tgagee to be eq~al to 1 j 12 of the annual cost of the follow-
A-Ail real p~operr! laxrs ~r::^d or assesseo ag3i•~s! the ai~ore desc~i~cd real es'ate.
I B--Pr;:~,~~~,~s on fire and v:~:;dsto•m ~~sv~_~:ce ~s he.•.~n •~~q~~•ed to be carri~d oR the ~~ncrovements situare on the above d-scritxd premixs.
C-Pre~n~ums on s•.c!~ mwrg-qe guaranty insu-a~.ce as mo•:gagee snat! from e to time deem fit to carry on the ban secured hereby_ _
~ N.ortgag~e s~~~'~ .`~c+n f~~,,e to • e~~ct t; n:cr_.:g_• ~n x-rt.r.g of tne az o~~t d~s and payable hereundrr and wch sum sha!1 thereupon be due and
~ . s~,'e on the due uate oi th~ r_xt nc 'h.; payment a-:d e~ch su:c^ssive mcnth tF.erzait~r ur,til mcrtgagee shalf notify mortgagor of a change in such "
E _nt Such sums Sh_:i be_ ap~'ieJ by mortg~~~re tc.vard tne payment of ren~ oroperty taxes, insurance prem:ums, a~~d mortgage guaranty insurance
~ . ' ~.~1T5.
€ IN YJITNcSS ~`:riEREOF, the said Mv^RTGE.GOR has hereu~to set h~s ha~~d and seel the day a year irst af
~ Signed, Sealed and delive+ed in the p~esence of: , _
a Seaq
~ g ~ - . Y l R A - (s~,q
. . ~
L - MazY J ~ton t~ o
=T~ OF FLORIDA !
} 55.
" :;.;'.yTY Of _-~i Lucie ~ ~
Before me persona~ly appeared Cd21 R• Asbton ~ a~
~ry JO Ashton his wi(e, to me well known and known to me to be
e individua(s describ=d in and who e:ecuted ~F~e fore3oing instrument, and acknow~edged before me that they e:etuted the same for the purposes
~ -e:n expressed. And the :a;d ~Mary Jo Ashton
~ of rhe sa~d CdYl R. Ashton , upon s separate and private
- n~t~on by me taien s<_parate and apart 4rom her said hus6and, atknowledged to and before me that she executed said insfrument ireely and voluo-
and wrthovt any tompu~sio~, tons!raint, apprehens:on, or fear f or tram her said hus d.
t~ITNESS my hand ar,d offic;al seal shis_ _ ~'~3y of_____ A. l9 74
i
~~~r ~ r/ •
~
Notary Publ~c in a~d for the Stat F{orida at large
w~ My Com~nission expirer. ~ O s; ~
@ Return To:
~
r~rst Federal Savir.gs b loan Associat.on _,,,,r,.
~ or =ot, p.f«•~. ~
~ Fort P;e.ce, Fior:da , . i ~i~
~ ~ .
EO y `
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~ f?4`uCyE c011ci+c FLI?. ~ .7 ~ ~ - w = .
~ fS p~E~ ~~+`itA6 4~ . •t~ , , ~ ~
~ a ~ ~ ~ . t
7his Instrument Prepared By J~ H. Roberts JY. ~~~?~i. ~p~~i
yp CO~ _ C:. ~
~ Fi; st Federal Savings & Loan Association ~
QF`~ f\{~ yE ~ il n~1 : r,'
~ o f Fort Pierce ~ Flor ida 33450 . ; G. Y~. y
112 z ~ .r~
10 6 ~ . ~
Chec ed B - ~ 284 ''~C`-• 3~
k Y O'73 ~ s
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