HomeMy WebLinkAbout1358 ' To placa and continvouaiV keep on ihe bu~ d~+~ys now or hr.eafte? ~~tuat~ on sa~J land and on all equipnent snd perwn+tlY covered by this mortg~
aye, with all premiums ~hereo~ pa.d in full. (uc ~nsurance ~n the utua: starxlard polity fotm, in • tvm approvcd by tha MORIGAGEE, and w~ndsto~m ~
insurance ths uswl s~anda~d po~~cY (orm, in ~ wm approved by fhe MORTGAGEE, in such company w companies as th~ MORTGAGEE may
d~~rth and all firo and w~ndsrorm imuronce poliues on ~nY of s~~d bu~~d~~+gs, any Interost thcrei~ or part thrreof, in Ihe ~gq~e9ete wm alpesaid or ~
in e+eceu Ihereol, s?wll cor+tain tl:e vsual standa~d mor~y•~gre dause or wch othN c~aufe as the 61a~yagea m~y reqwr~, makirp the fa~s unde~ ta~d po1F
c~rs, each and every, payable ~o seid MORiGAGEE as ~ta i~verrst may appear, and each and eve~y such poticy shall be promptly ass y~~ed and delivered ~o s
any held by said MORtGAGEE as fu~~her srcurity to said n,ortga~e debt, and, not leu than ien (l0i days in advance of the expirat~on ot each pol~cy, ~o da
Iwer to said MORTGAGEE a rc~~ewal Ihereof, togtther with a receipt (w tir_ p-emium ot such renewal; and thero shatl be no f~re o~ windstonn insurance .
p!aced on ~ny of sa~d bvildings, +~y inte~est therein or pa~~ thereof, unlcsa in ~he ic~~n and w~~h fhe ~oss paya6le as aforesaid; and in the ave~~ any sum
of ~noney becomes payable ~nd~r such policy w pol:cies saiJ MORiG~GEE ahall ha~a the opt:on to receive and app1Y Ihe same a? atcount of the indebted-
nr:s secured hereby or to permit u;d MORTGAGOr~S to ~eceiva and use it a any ~art ~i~ecrof tor oti~er purF~oses. w~~hout tha.io{ wa~vu~g w m~pa~r-
;r,g any eq~;ty, lien or right undn w by virlue of this mor`gage; and :n the event sa~d MORTGAGORS thnll for any reason iail to keep the said premitri so
~:~wred, or fail to deliver pranptly any of said po~k~es of insurance to sa~d MORTGAGEE: or f~il promptiy to pay fuily any premwm therefor or i~ a~y .s
r,.•spect fait Io perfot:n, dischuge, execute. rt~ect, cornpset~. co~nply with and abide by tn's covenant, o~ any par~ hereof, said MORTGAGfE msy piace a~ed
pa~ fw such insurance ar any parl thereof w~~hout waiving or affecring any ovt~on, iien, equ~ty, o~ t~ght unde~ or by virtue of this Mortgage, ~nd tht
. i; amount ot ~ach and every such peyment ihaf; be irnmed~ately dve and payat!~ ar.d shafl haar interest from tha date thereof until paid at the rate of
e pe~ ieNUm pe~ annum u~:d to7rtbcr v.i:h su.h ~nter~s~ shail svtcred 6y thn lien ot thif mortgage.
1, To permil, tommit.a auffe: no wastr, impainnent W drter;oretwn of said property o~ any part thereaf.
5. To pay a~l and singuiar the costs, tharaes ar.d exNense:, ~nci~di~vg a reaso~~ab!e attorney's fee and costa of absfratts o( titie, inturred d psid at
.~y timc by sa~d MOR1GAv`_E, betawe or m ihe event of tha fa.iure on tne pert o4 the sa+d MORTGPGOR io duly, promptty a~d fu11y periorm, d~uharge.
~ecu~e, eifec~, complete, co+r+pl~r wah ard ab.da by each a~.d every ihe stiFwia!wni. agtran~enfi, cortd+'t~ons, and covenaros of said pranissory oote and ~hii ~
,:origage any w ei~her, and sa,d costs, charges and eapensrs, each and e~ery, shail br immrd~stely due and payable; whether w not there be no~~ce de~
,,~,nd, attempl to coNec~ w suit pend~ng; and ihe fu1! amount of each and every s~ch peymem shall bear imerest (rom ~he date thereol umil paid al Ihe i
. oi nine per centum a~iuu:n; and alt sa;d costs, cha~~es and rx~rrs:s ~rxurred or pa~d, togethet wah such ir,lere7t, shall be iec~red by t1,e lien Qf thu
rre~tgage, •
6. That (a? in the cren~ of any breach of this Mo~tgage or def>ulr on the part of the JIF.ORTGAGOR, or (b) in the evenl any of aa:d sums of money ,
Fe~e~n refe~red to be not prompdy and fu~iy paid w~~hin th:rry (30) days next a'~er ~he same severat:y become due and payabk, withaut demand a notice, t
, ;i in thr e~ent each and e~ery the st:pu`aticns, a3reements, cond~trons and covenar.ts of w~d promisso~y note ar+d th~s rtwr~gage any or eilher ar~-not ~
prOmpily and (ufly perfurmrd, dschjrged, ex~c~tzd, e+tected, comtiefrd, co~r,,.~eci v.~th ar.d a6ided `ay, tFxn in tither w any such event Ihe ~aid ag ~
:-~a!e stim mero~oned in sa~d promisso~r n:.re ti~en re~r,a~nireg unpaid, with ~ntere~t accr~ed, and a~l moneys ucured hereby, shall becoms due and psy-
e:: fori~w~rh, ar thereaiter, at the op!~cn cf sa~d hSURTGAt3iE, as fu~iy arxi con,plea~!y as ii all of ti,r sa+d sums of money were origioa~ly tt~pulated {
ro b: oa d o~ wch dty, anything in sa:d pro~n,ssory note er ~n this fdortqaye +o the contrary not1vi~hstanding; and thereupon or thereaitev at the option of i
r.d MIOR7GAGfE, witho~t noUCe dema~:d, s.. t at !.,w o: in equity, th~refo+e or thereat~er begun, may be proseculed ss if al{ rnoney! secured hereby ,
s
n:;i ~nat~red pnor to ~~s +~intvt~on. t
Tr.ar in she ev~nt th ~ 6eg~~n;~:g ,•f or at any u+or pend~~g a~y s~:t urcn this Mortgage, er to foreclose it, or to reform it, or to enforce
•;.~yn:CN of any c~~:ms hereur:dr~'M~sha~: ay:pty ro ~i,e Ceu•t hav~:~a ;::-ud.ciion +hereof ior ~he appointmeM of a Receiver, such Court shall
~-~h~ifh appo:nt a rece~~er of said n:e:tgayed p~c;~• ~ty a!{ a-d s~ng~ear, inc:v.i n_y a;! a~~.d su•ju~a~ the income, prol~ts, issues and revenues from whafever ;
,:-ce ver.ved, r::ch and ~very of wh ch, ~t D<~~r;g ~,p'ess:y ~~nd=rs!~cci. ~s +er,ty mcrtyaged as if spec~fically set forth and desuibed in the grar.ting and ;
t;:>~ndvm ra~ses ~areof, xnd such Recerver shati ho~~ aL' the broaJ and eifetrwe fu~•c~ o:~s a~d powers in anywise eMrusfed by a Court to a Receiver, and
h ap~ointa:ent shali bt` T.3dP by such Court as an ad~ni~red eGuity and a ma+:°r o4 absoiute rigM to said MORTGAGEE, and withouf reference lo the
~'_=q~;cy or ~~~adequacy of the valus of the e~e~:er~y n:o+tgeged or to i:ar so.vency o~ ::~sc,t.ency of sa~d MORiGAGOR ot the deiendants, and tFut such
~,~s, prot~1s, income, issues and revences sna~~ be ap;.~~rd i,/ such R~celvar a;cord~ng ro the Gen or equity of said MORiGAGEE and the praUice of fuch t
Covrt.
8. Te du!y, prompr;y and fu;ly uerfxm. d~scharge, exe:utc, ejfecf, comp(r!~, comuiy with and abide by ~ach and every the stipulations, agreements, ;
,_~•drt~ens and cc+enarns ~rt sa:d prom~sso~y :~ote ard :t~s mo:~ya~r set forth. ~
9. That i.~ the ever.t :?:c owr.2~s}~~p of tha mortyag,~d pren,~sas. or a~,y prrt tnereo~, Eeca~mes vested in a pe~wn other than the MORTGAGOR, fhe
.~RTGAGEE, i+s ,uccessus and ass~jns, nay, vi~•hou~ r,cnce to rh> .!ORIG:-OR, deac w:ti~ such successw a successor in interest with reference fo this ~
•!^yage a~~d d:f~t he•eby securer! ~r, rhe ssme m~~~n~r as w~ih L•.c.+gago. h~~hout in any way vitiating or d~scharging the INortgagors' liabitity F+ero-
~ r or upon th~ debt hrreby securrd No sa!e of the Frem~ses hc:eov r+~or!gaged and no forbearanee on the pa~t of the MOR7GAGEE or its suttessws
es;~~s a~d r.o earers:on of the r~me for rhe pajment oi tt.e debr hrreby sea,red g~ven by Ihe MORTGAGEE or its successws or aas~gns, ahall operate ~
ro-case, d~scharge, m~xlity Cisao3e or affe!t the a~~g~r~a+ :~a~.l:ry oi fn± MORTGAGOR Furein, either en whole or in psrt• _
10. It is spec ~~ca~ly -g+eed thar time is of th: essericr cf th~s convza and that no waiver oi any obtigation hereunder w of the obligafwn sr "
c_ cd hareby sha;i at any ti:.~e thereaf:er bs hcid to be a v:di~~r of the ter~ns hereof or of the instrument setured herby.
11. In a:i:3 r:c~ to :he io~egc •~,o~.'k'y r.dr" e~.~s af Fr:nc p~l ar<d i•.fer. s+ req~~•rd by the promiswry note secvred hereby, mortgagor covenants
,-d agrees to pay tn e:o:tg~gee V.~.h each rroash'y .ru ar. add ~~o~ai svm ~•s•'~-.a!ec! by mo~:gagee to be equat to 1,/l2 of the annual tost of tht follow-
A-Ail iea~ property ta,rrs 'evie~ or assess_J ayei ~s` t~ eoove de>vi~ed reai estete. ~
6-Fre:c :,•rs on fire ano r.~•:dsto~•n msur,ccr as hr.ein +~~a ~.^d to bP ce*~~~ d or the improvements situate on the above described premises. ~
I C-Pre~nlw: s o:~ su,h mo:!; :ge q~ara••ty ir;~•a~~r.e as r.~c•tg.3:~ee shall fro-T i~}e ~o :ime deem fit to carry on the loan secured hereby.
~ hlortgagee s~~ ~~om rlT.a te t;-re nor~fy mcr.gager ~n writiny of the a~ou~t d.,e and payable hereundrr and such sum shall thereupon be due and
C on th~ d:~e da!e of the c~rxt n~ois6:y l.aymem ar:d cach z..cess~ye T:oorh tnereafrer until mortg33ee shal! rtotify mortgagw of a ehange in sueh :
;r.t. Such sw.ns stia;i be app:Ied by mortg,_ee fo..a:d +he pa~,ment of ~eal p.eperty taaes, insurance prem.ums, a~~d mortgage 9uaraMy insurance
~ ~un~s. !
IN NESS NlHfR60F, the sa~d 1dCQTG~':GOR nas here,,nto set Fris hand and seai the day artd year fint sforesaid.
~ ,$eal ar.d deFvered in the rESence of: ~
- ~V~~1J~ •0
HerbeZt A. Schultz ~~i~ #
FILEu ~h: REC:ROEO Seaq ~
Mnie F. Schultz ~
St~uC~i ~~~uN~r f~A. v~ Seaq
- RGG=~ 'T?kS
~/~~~orr..~,------- cF,c , ::t' C~URT i
c OF RORTiJA - t c
~ ~EC~R.• :t~ ~
_,~:rr oF S ~
Before me perwnaliy appearetl _HeZberL P•~ cJC~ta 9~9
Annie F. SCf1111t2 his wife, to me weli known and known to me to be
~~~d;vidua!~ descri!~ed in and wfio e:ecu!ed the iorego~ng i~strument, and ~ acknowledged before me that they executed the same fw the pvrposd
rt.:re;~ exprossed. the ai Annie F. SC~1Lllt2.`_. _ t
~Ier~e~.~CTIU~Z _ ~pon e separate s~d private '
of the said - ~
nat:cn by me taRen separate and apart from her sa~d husband, ackr~wledged to and before me that she exetuted _wid instrumeM freely and voluo-
and wi;ho~; a~y compulsion, constra~nt, apprehension, or fear of or from her said husband. ~
'NIT\~SS my hand acd off~cial ieal th'~s-. f~-- - d~y of---- A. D. 1974 ~
rr -
~~P;. .
. . ~
No ry P bGc i er~ f
~ My C eii• `•Y~a. t?4v o`t' ~
~ Return To: . % • .
. v
F.rst Fedaral Sa.u:gs a loan Assocae,on J.t J ,
s~ , ~ ~ ~ ~ ,
~ Of Fort P-.crce. ~ i...~~ . .
Fo~t P;r.cr, Ftcr~da . . ~ _ '
~ • ~ ; ~ t: ~
4~Ik, ~ a~ ,
3 . ~ W~9?_Mo~~°~
This Instrument Prepared By John 1V. Co111ns ,~L~~! 3o j~~
~ First Federal Savings & Loan Association ' l ~ i~'
~ ~ of Fort Riercq Florida -
_ - ~
Checked By • ;
.7 s '
~
~ ~ ~°p 228 P~~E~355 • . _ ~ ~
F.:~ r
- _ - ~ ~ _
~
_ .d=~._ _ _ _ . _