HomeMy WebLinkAbout1356 3. To p~ace and con~inuoualy keep oo ~he bui:dings now or hereafter situate on said ~and a~d on all cquipment and persoasliy covered by ~hi~ mwt~-
age, with all premiums thereon pa~d in tull, Gre i~s~rance m ihe ~sval s~a~xlard po~icy form, in a sum approved by the MOR~GAGEE, and windstam
~r,sursnce in the usual s~andard po!.cy form, in a aum approved by ihe MORTGAGEE, in ~uch comPa^y or compan~es ~s ~M MORTGAGEE may
d~~etr, and all firo and windstorm inw~ance policirs on any of sa~d bu~~d•ngs, any Tnte~asl the~eio or pa~l tfiercof, in ~he aggregate sum •1o~esaid w
in exce~s thereol, shall ca+tain ~he usual stanJard mortgagee clause u such o~her dause as ~he Mortgagee may reqwro, maAinq the loss unde~ sa:J po~F
cies, eath and evcry, payable 1o said MORTGAGEE as ~ts im~resl may appear, a~xi each and every such poticy sta11 be pranpfly ass y~~ed and dN~vered ~o
eny held by uid MORiGAGEE as furiher secu~~ty to seid mortgaye deb~. and, not ;ess than ten (10) dsys i~ advance of ~he exp«ation of each polity, to da
G~ar to uid MORTGAGFE a rene~val thereof, logesher with a rece~pi fo~ the premium oi suth re~ewa!; a~d lhcre shall be no fhe o~ windstorm inswante
ptacad on ~ny of said buildi~s, any interest therein w part thr~eof, unless in tfie fonn and with the loss payable as aforesa~d; and in the event any sum
of money bccomes payable under such policy or pelicies said MORiGAGEE shall have the option to receive artd apply the same on acco~nt of tht indebled
ness secured hereby or ~a perrt~it ~a~d MORTGAGORS ro receive and use i1 w eny port tt~e:eof lor o~hcr ~;u~; osrs, v:~~hout ih:r~uf w.~~+~~~g e~ unp~~r-
~ng any equity, lien u right unde? or by v~r~ua of this rco:tgage; and in the event sa:d MORTGAGORS shall fw any reason (ail ~o keep the sa~d p?emiaas so
~nsured, or fail to deliver prompNy any of said po~~cies ol inaurance to sa;d MORTGAGEf, or fait promptly to pay futly any p~em~um therefor o? in a~y .
rrsped iail to periorm, discharge, eaecute, efFect, completa, compiy w~rh and ab~de by th~s covenanl, w any pa~t hrreoi, said MORTGAGEE may p~ace a~d
p~y fw such insurance or any pa?t thertof without waiving o+ aifecting any oplion. Iien, equity, or r~ght under or by virtue of this Mor~gage, and the
fu:~ amount of each and every such paymem shall be immediately due and payabte and shall brar inta?esl irom the date thereof u~uil p~~d at the tate of
~:~:e per ce~lum per ar.num and togclher with suth intrr~st shal~ b~ s~'wred by Ihe Gan of Ihis mortgage_
1. To permit, commit or suifer rso wsste, impairo~ent w dateriorat~on of sa~d ~roperry w any part thereof.
S. To pay all a~d aingular the costs, charges and expe~ses, including a reasona6le attorney's fee art~ costs of abstracts of title, inturred or paid at
nny time by uid MORiGAG:E, because or i~ the event of the failure or? the part of the s3id ti\ORiGAGOR to duly, pro~nFtly snd futly perform, d~xharge.
exec~te, elfect, canplete, comply w~th arn~ ab'de by each and every the stipulanens, egreemenq, conc3itions, and tovenan~s of uid p~om~ssory no~e and thii
,~~:gage any or either, and sa:d costs, charges and expenses, each and every, shail be immrd~ate:y dut and payabte; whether a not ~he~e be notite d~
r~ ~~~d, a~tempt to col{etl or wit pend~ng; and the fult amount of each and every svch paymem shal~ bear in~erest Irom the date thereot until paid at tht
r,r. o' n:nr per c~ntum E.ar an~w:n; anc a~~ sa;d co>n, char3es and e~F.ensas i~xurrrd or paid, tt.~eth~r w~th such imerast, shall be secured 6y the lien oi thi~
~nortgage.
6. That (a) in tfie event of any breach oi tt~~s Mortgage or delauft on the part of the MORTGAGOR, or (b) in 1Fr_ event any of said s~ms of money
hrre~n referred to be not Rromptly ar.d ~utly paid wi~hin th~rty i30) days rtexf a~n~r the same severa!ty become due and payable, without dema~d or notice,
;~;c) in the event each and every the s~iputations, agreements, condlt~ons and cove~ants of sa:d promissory note and th~s mortgage any a e~ther are no1
i•.:I~, promptly and fuily perfurmed, U.s;hargeJ, ezecuted, effec!rd, completed, compLed vfith ar.d ab~ded hy, then io either w any such e~ent 1he sa~d ag i
~~e3atr sum mentioz~e~ in sa~d pronussory note thrn rema~n~ng unpaid, with interesr aar~ed, and ali moneys secured hereby, shall become due and pay-
er, e forthwith, o~ the:eafte~, at the op~~on of sa;d MORTGAGEE, as fu:ly and comp:afeiy as if all of the said sums of rt+oney were ong~nally stipulated ~
c he pa~d on such dcy, anything ~n ss d p:omiuory note or in this rVlortgaga to the contrary notwithstandmg; artd thereupon w thereafler at the oplion of
s-~ d 1tORiCaAGEE, wirhout nonce or demand, wit at ~aw or in equity, therafore or the~eafier begun, may be prosewted as if all moneys secured hereby
n:d oiatured pr~w lo its insti~ution.
7. That ip tFr evenl that at the beginning of or at any Ume pending any w~t upon this Mo~tgage, ot 1o fo?etlose i%. a fo ~eform it, or fo enforte
:~~-ent of any c'a+ms he~eucd~~r, sa~d "1~ORTGAG'_`_ shali app~y to thr Court havh~g ;unsJrtion thereol for the appo~ntment of a Receiver, such Court shall
~-•r ,~irh appo~nt a recei~er of s.~~d ~T'o'tge3c~ pfCr,:•ty ri~ and s~ngular, tnc'uci ng a~~u s~nyular tire income, p~ofits, issues and revenues from whatever
denved, each and every of wi~:ch. be~ng expressly vnderstocd, ~s h:er~t~y r.~o~~qaged as ii speuiicaily set forth and dexribed in the granting snd
t 3cer.dum c!auses hereof, and such Receiver shall have aii the br~ad and ef!cc'•ve iu^c! ons and powers in anyw~se eotrusfed by a Court to a Receiver, and
s ch appointm:nt sha11 bc made by w~h Court as an ~d~~~h~ed eqv~ty and a natrrr ot a!.soiute rght to said MORTGAGEE, and wi~hout reference to the
~:ie.,:,acy o: inadrquacy af the vaiue of ~he property mongaged or to the so.ve:uy or ~naoivency of said M.ORiGAGOR w the defendants, and that such
r, -~~s prolits, income, issu..s and re.enues shali be appi~ed by such Receiver accor.i~n~ to tF~e Gen w equity of said MORTGAGEE and the praUice of suth
:
Co::rt.
' 8. To du!y, prempt;y and f~11y per(orm, discharge, execute, effect, complete, comp~y with and abide by each and every the stipulations, agreements,
.ti:r;ons and covenants in sa~d promisso:y note and th~s mortgage set forth. -
9. 7F.at in the event the ow~e~sh~p o( !he mortgaged premises, o+ any p3rt tncreo/, becomes vested in a perwn other than the MORTGAGOR, the
•^RTGAGEE, its wccessors and ass~gns, may, w~thout nat~ce to the '~ORTGApR, deal wnh such successor er successw in interesf Mrith referente to this
-_~~g3ge and the d~:bt hereby secured in the same manner as +~•i~h L!ortgagor withoot in any way vitiating or dixharging the 1lbrtgagors' liability hero-
or upon the d=bt he~eby sewr~. No sa:e of she Frenuses hereby mo~rgaged and na forbearance on the part of the I1:ORIGAGEE w its successon
~ss:gns and no extenz~on of the time for the paym.e~t of the debt hereb~ sxcured g~ven by Ihe tJIORTGAGEE or its suctessas or ass~gns, a~iall operate
rc ~e'ease, d:s.harge, modify change or a:~cU the o~ig~nai liab:tity of the MORTGAGOR herein, either in wholt or in part-
10. It is speuf:caliy agreed that ti~ne is of the essence of ti~is confract and that no waiver of a~y obl;gat~on hereuncier or of the obCgation se-
c~-ed h~reby sha!~ at any time thereaiter be he:d to be a wa~ver of th_ !erms hereof or of the instrument secured herby. }
i t. In a:id f o~ to rF.e iorego ~~g menrh'•; ~:aym_nt5 ot p-r•:c pa: and ir.rrest req~~~ed by tfie promissory nor~ secVred hereb~, mortgagor tovenants i
~ 3g~ces ~o pay ro morrg~gee v~~th ea.h rro~~~~'~ NaJr~.ent an ac+d~~~onai wm est~^+a!ed by rrortgagee to be eq~al to 1, 12 of the annual cost of the follow-
A-All real property taxes ~evl:c: or asses~cd ag~~ ~at th~ ohove desc~i'r•ed real es+ate.
E P;.•:: u~ns on fire and windsto~i» ir.sura:.te as :~c:eir. requ:red to be ca~ri~~d on the Emproveme~ts situate on the above desciibed premises.
'i C-Pre~^~vms on svch mortgage guaranty icsvrar,ce as mortgaree sha(1 fre~r t'rre to time deem fit to carry on the loan secured he:eby.
j 1Aortgagee zn,'I !.cm +~+~~e to t~ re ncr:fy r..c~sg~gor ~n w.inng of the ar..ount due and payable hereunder a~uf sucfi surn shail thereupon be due and
~ ,:h'.e on the ClU2 ~d1" of +he next mc~tF::y payn'•;:~r and each svccess~ve month rhereaf~~r u~!it mortgagee shall notify mortgagor of a change in such `
E _.n!. Such sums shail be appiied by mortg:,gee ~o~•a:d the payment of real properry taxes, i~surance p~em;ums, a~~d mortgage guaranty insurance
F
~ . .':~.,'JmS. '
IN ~4lTNESS :VHERcUf, the sa~d NORTGAGOR has hereunto se! his hard and seal the day artd ear first aforesaid. ~ ~
~ jr~ ~
$;gned, Sealed and delivered in the presence of: r ? _ ~
: l~/~.[.~. ~ $CA~~
s . c~on e ert L. Dickerson
, ~ jL/~~~ ISeal) ~
~ a. en a e t L. Fenn
tseaq
~-::7f OF FLORIDA !~"rv` ~Jf ~ ~~`j`ti6ti1T 1'7 ' (Seal )
~~~ss. Lon F. oY Vernon H. F loyd
: ";uvTY OF $L L11C1@ _ 1
Befwe me personally appeared Herbert L. Diekerson & Havert L. Fenn & Vernon H. Floyd a„d
~ois S. Dickerson & Lola D. Fenn b Lon F. Floyd ~~r,
~W~k„~~~„~k~~ ,#e„~
individuals desuiEed in and who executed the foregoing instrument, and acknowledged before me that they exetu`t, 10 dsame for the purposes
~x~.~~d. A~,d the said~lS S. Dickerson b Lola D. Renn & Lon R. Y, wives re9peCti~ne~jl~
xxxoF rh~ ~~d ~rbert L. Dickerson & Havert L. Fenn & Vernon H. Floyd ~~n a separate and privata
nation by me taken separate and apart from9~er said husbanc~ acknowledged to and befwe me that'~he~executed said instrument freely and voluo-
and w~rhout any compulsion, comtraint, appr hens~bn, w fear of or from~a id husbandt.
~ WITNESS my hand and off;~~at seal th~s__~~---- day of, A- 19.74
~ Not P~blic in and for the State of ids at rpe
My ommission expires: ~j ' `
Return To: ~ 7 ~ ~
r;rst Federal Savings 3 Loan Associat:on ,
~ . 4 r ~
Of Fort P~e:ce. , • .
• ~
Fo~t P~erce. Florida ~~C~~pEp - t
f ILE A. „ _ ~
uci~ c~uNjr F~ ~ _ -
- $t. l P 3 t . .
ROGc' ~`R~S L . .
RK ~;~•GUIS C4UR ~
John W. Collins ~~Rn Y~p'~'E~ ~ ~ • ` '
This Instrument Prepared By p~~ - . ~ _ _
First Federal Savings 8~ Loan As1sociation t " ~
lOZlac'1 ~ H~?{~ ' a.yr ' :-s~T'~,~ t
.
of Fort Pierce, ~ t, 59 A ~ ~ . ` ~ `
; ~ , , :
~Q c .
Checked By 1~-- ~S~•~i7~ ~ •`•~~.,.%i. -
~R ~ PAGEIJJJ js
8~?t ~ ~
. ~ 3 ~ ~ . ~3. Y A
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