HomeMy WebLinkAbout1721 3. To place and co~tinuously keep on the bu~'J~ngs nc~+v or hereafter s~tuate on sa~d ~and and on ali eqv~pTem and perwnally covered by thi~ mor~g~
age, wAh all pronuums the~con pa~d in fuli, Gre ~~~s~rnncc ~n the ~sua! s~a~tidard policy form, i~ a sum apWoved by the MOR~G~GEE, and wu~ds~orm
inwrante ~n 1M uswl stsndard po::cy form, in a;um approvrd by the MORTGAGEE, in such tompony or con+panies ~s the MORTGAGEE may ~
d~rec~; and all iirt and w~nds~orm i~su~ance poi,c~rs on a~~y of sa~d tw~~d~ngs, any interosl therein ur pa~t thereol, in th~ +g8~ega~e sum alaesa~d w
in exceu thercof, shaU :orvain the u~ual s~andard matgager ctause o~ ~uch o~he~ vause ai the Mo~~g+9ee msy ~equ~rs, ma?ing the loss under sa+d po~~
c~es, each and every, pa~a6!e ro ae~d J~~JRTi,AGtf a? .ta ~n~~r.~st may appear, and each and every such po!~cy shall be p~ompUy assgnrd a~~d de~~vered to r
any held by sa~d MORiGAGiE as !unher secur~ty to sa~d mor~gage debr, and, no1 :ess than ten (10} days ~~i ad~a~:ce of ~he exp~~ahon of each policy, to de- •ti,
I~ver to said MORTGAGEE a te~~cw~l ~herrof, togethrr with a reteipt for lhe prenuum o( s~~ch renewr.l; and thrre ahall be no fire o~ winde~o~m insurance ;
pleced a? any of sa]d bul~d~ngs, any inierest rherom a pa~~ thareof, unlaai in ~he (orrn and wi+h ~he ~css payable as ato~esaid; and ~n the event any sum p
oS mo~ey becomes payable untier such poticy or pol~cies sa~d r.~ORTGAGEE shall have .ihe op~~on 1o receive and app~y tM same on acco~M ol Me indrbted~ ~
ness secured hereby or to pemut aaid MURiGAGORS to reteive a~~d ust it or a~~y {~art ti~r:rof for otnc' pur~ cses. .v~~hout ~har. u~ vva~v~ c~ ~~~~W~••
~ng any equ~ty, Gen or r~yhr under a by virt~e of ~h~s mc:'gage; and in ~he event sa~d A10RTGAGORS sha11 for any reason (a~l ro keep the sa~d premisas so , ~
~nsurad, o~ fail to dcLrcr pranptly any oF se~~ poi~des of ir~w«+~ce ro sa~d MORTGAGEE, or f~il promptly to pay fully any p~e~nium 1here+or o~ in any .
re~pect fail ro per(erm, d~sihargt, execute, eHect, cornpiete, cumply wi~h and ab+de by this sovenan~, w any parl hereof, said MORTGAGEE ~nay pfece a~~d .
pa~ for wth insura~ce or any part thercof w~thout waiving or affe~!i~g any oF~ion, i~_r., equ~ty, w n9h~ undrr or by virWe of this Mor~gage, and the
~„II amo~m o4 each and e.ery sccfi payment shall be ~m~med7etely dur a~xl payab~e a~cl sh.~il b.:a~ ~nte~est trom the date tnereof un~il paid at the rate o~
pet centum pe~ ~r.r~vm a~eJ !u~_t1..~r .v~~!~ wch i~ver~•s~ sh~it :~e scc~red 6y the !irn of Ih~s mo~~g3g~•
To permi?, commit w su(ter no wastr, impairn;eN d deterioralion ( sa~d proNerty w any pert thereof.
S. To pay all and singular the cost~, charges and expe~sra, ~ndud~~~a reasonabie attwnay's Fee and wsts of abstradt of titte, incurred or paid s1
1n; ti~ne by said MQRiGAGEE, because o~ ~n ~he eveM o( tF~^_ fa:Wre on the pon of tha aa~d MORiGAGOR to d~ly, promptly and fu~~y perform, d~schaige,
~ ~ ~!..a~• h carb and Nver tF~e sh ~lat~ons, aqreernents, tond~LOns, and covena~~ts of said promissory note and thii
a c.,ta. ~.fe.t, ca-np.c:c. :c•^Y./ +:::~h a.^d _ Y Y N
~ crfgage any or e~rher, ar,d sa:d cosfs, charges e~d ~xpenses, each and eve~y, sha~l be intmrd~atety d~e and payable; whe~her o~ not there be no~+ce dc
~~,a~~d, atrornpt to coNect or wit pendng; and the full amount oi each and,e~ery wch paymem shall bear ime~est from the date thereof vntil psld at the
r.i:ie per cant~m pdr ann~:ir, ~nc: a~~ said c.sn, ci.ao~es and ~.;,.rnf~s ixurred a pa~d, toya~her w~th such interesf, shall be secured by the 6en of thii
m~ortgage. ,
6. Tha~ (a) :n tfir event af an•~ breach of this 1llortgage or d.~fault on f!~ p~rt of the MORIGAGQR, or (b) in the event any of said sums of money
here~n referrad to be nat prompt~y and fully pa~d w~7hin th~rry ;3G~ days nrx~ a•~er the san~e se.~e.a::y become'due and payab!e, without dtmand or notice,
. r',c) in ihe eYent each and every ~he st~putations, agr~-ements, cond~tions ar.d covenonrs of sa.d prom~saory note and th~s mortgsge any or e~Iher are no1
!u;y, prO~nptly and f~lly periormed, d s:harg•~d, exe:u:ed, e+fec~od, co:npie:ed. co~.+p:~~~d ~.•.uh and ab~ded Sy, then in e~ther or any such event the sa~d ag- .
~~!e sum memioned in sa~d pro~~isso!y ncre ttien rema~~~it:g w:po~d, w~fh insere.t accrurd, and eti moneys secured hereby, shall become due and pay-
~ forthwith, or thereafter, at the ep!.o~ 01 ~.~~d MOR7GAGiE. as f~ily a~w~! comN~rtely as if a!I of the said aums of money were 6rginally slipulated
r_. h.~ pa:d on wch dcy, anytF.~ng ln sa.ti p~om,ssory no~e er in Ihis Mortgag~• to 1he cuntrary noi.v~~hnrand~ng; a~~d thereupon or thereaher at the opuon of ;
, r' MIORiGAGEE, w~+hoW nonce or decnand, s~~t at iaw or in equity, therefore or ther.aitrr begun, may be prosecuted as if all moneys secured hereby ;
r~ maturetl prio~ to ~ts inslit~t~on. ~
7. TFat ~n the e~enr that ae the b:
~inn[ng of o. at any f~me pe~~d~~9 any su't uFon ~hts Mo~tgage, o~ to faeclose it, or to refam i~, or to enforce {
.:+^:ent of any ce:ms ha~evnder, sa~d :.'.ORivt+i~~E sha11 app~y to the Co.:rt ha+.ng ~vr~sd:c+ion thereot tor the appomtment of a Receiver, such Court shall
~~,,,ith appo;nt a rece~.er ol said ~r.ortga~ed vro,.,r7y al: a:zd s.~-gu~ar, inc,vu ng atl a~~c! s~ :yu~ar t'~e ~rtcome, profits, issues and revenues trom whatevet
•ce d~-t~ved, exii and every of w:~. ~h, It L~~r.g _•~~v?~Sfy :.nde:stood, ~s terruy n.ort:~aged as it spec~f~cally set 4arth and desuibed in the granting and
_ndum clauses F.errof, and suth Rec~iver shatf h.~ee ali the txoa:l a~xl efiecr;~e fur.c~cns a~id poweri in anyw~se entrvsted by a Cou~t lo a Receiver, and
s:h ap~ointment sl~all be made ~y avch Cvv~~ as a.~ ed:~:ttrd equ~~y ar.d a ~ arer of absulu~e r~gfit to said 650RTGAGEE, ~nd wi~hout reference to the
r_~,:acy or inadeq~acy of the vaive of th_ p.cpe~ty mo~tgaged or to tf.e s~.vency or ~rseivency of :aid MORiGAGOR a the defendants, and that such
-,~s, proiits, incorne, ~asves and rever.~es sha~i be app~;ed ty such Rrc_iver .:cco~d,ng ~o ~he tien a equity of said MORTGAGEE and the prattice of such
`CUTt.
8. To d~!y, promFtiy and f~;iy perform, d~st6arge. execut?, e4iect, comp?ete, co,::piy w+th and ab~de by each artd every the stipulationi, agreements.
dit~ons and cuvenan:s m sa~d orom~ssor~ note a.~d th s mortgage srt forrh.
9. That in the ev~r.? the otvner~h;E~ of the morigaged pre~n[ses, ar any part th~reof, 6ecomes vested in a pe~son other than the MORTGAGOR, the
,~RTGAGEi, its s~cc•-sscrs and au~~,~ns. ~~ay, w~~novt r~esice !c rhr ~:',GRiGHOR, dea~ v.~~h such successw or svccessor in interest with reference to this
ry~ge and the d~ut hereby srcured in rhe samc n,3~:ner as w:~h A1o~tyagor wnhout in any way vit~ating or d~stharging the Mertgagori liability here-
!,~r or upon rhA deb~ hereby scc~~r=;.+. ~.o a-'a of ~~~e Fre~r:+sAs h~•~aby mongagr<i a.^.d no forbearance on the part of the ldORTGAGEE w its svccessors
,c„gns and no exter.son ot The t~~•.e io* tce payment o! ~he debr herehy secvred gi~en by ~he MORTGAGEE or iri successors or ass~gns, si-~all operate
r~e ease, dac~arge, mcK1Ny chanye or atiect the o~~yh~o3 tiaa~~ny oi fhe MORiGAGOR here~n, either in whole or in part.
10. :r is spet:~~'_aliy agreed u:af r~~re is of the rsse~~ca of th~s con?~au and that no wai~er of any obl~gat~o~ hereunder or ol the obligatan st
-~d hereby shalt at any n~.e +herraher be he;d te b•_ a wa~ver cf t6e !erms hereof or of the instrumeM secured herby.
1!. 1n a:;:i !fc.: ro i>~e io~°ac ^ on'hi ~ F c., T; nts ot pun ~,a` and ~~T. <<- st reqv~red by the prom~sscry nor~ secured hereby, mortgagor eovenaMs
„~-ees +o pay to mc•rg~cra~ ~th ~~ch on•h,y ;;r;• e~~t an ad'. •:o~~at su•~. es~ ~•,~ed 'of mortqagee to be equa! l0 1,'l2 of the annual cost of the foliow-
A-Ail teal rro~erty tas~s ;r~;~.~'. or ~ssesstc agiinst the above ~ESC!~::<d rc31 tstatn.
! 6 Prcrn.urns on 1~:~ and ::inds~o~~~. ~~~sura~ cr os iie::~~n .equn~d to ~c :arri~d cn the im.provemeits situa~e on the abovc desaibed premises_
~
' C-Pre:~•:_-~, s o~ 3ech orr;; ;~e q~<;-a~:cy i,::o•.:. as mo~'y~g^_e sh3!i frc:r r ae to trne deem fit !o ca~ry on the loan secured hereby.
j ~•:lortgagre v~a! `.:~.n ~1::,,. ;o t::^e ::c;;'; r.••cttycgcr ~n •n~iY:ng oi tnr a~o.:~t d:;_~ ar,d payabfe hereunder and such surn sha!I !hereupon be due and
~ ~'r on !h~ due urte oi !n:~ r_,7 co-ith:~ r.=y~.+ent and ecch successive monsh r~:e~~afrer ur.~~i mortgagee shatl ~ot~fy mortyagor of a change in such
~ .,nt. Su.h s~ms sha;i i,e a,.p:~ed e,y or?3ay:e ro:•:a,d the pa~ment of rea~ preperty ta,ees, insvrance prem.ums, and mortgage guaranty insurance
~ . ,Ts.
IN ~11T`JESS 1+'NEREOF, me ss~d MQFTGAGOR i;as hereunto set his hand and sea~ the day and`Jyear ~rst aforesai Z
~ S;gned, Sealed and de~' e~ed in the presence of: / ~
~ -
f LED ~M~ a~C~aoE~ (Seaq
- - - - S~. WC~E GOUN Y fL . o n _ . ` (Sesp
- ROCER ~Q~TR1~S ~ ~'li ~ - -
CLERK ~~~:CUI7 COURt l~ i aq s
- - V (Seal) i
RFCCRO Vf~~F1EQ
' - ~ E OF FLORIOA ~ Ol ¦ ~Q ~~p
St. 1_i1Clf 55 C7'f
- :urdTY OP - ~ '
John R. Nunhps
Before me personaliy appeared . - a~ i
~
_ ~~1a ry J. }{L1Q1?PS his wife, to me well known and known to me to be
~~ndividuals descr~bed in and who exewted the foregoing instrument, and acknowledged before me ttwt they exetuted the same for tht purposes ~
_•e~n ezpressed. And the said-_.__-- L~'~rY -7 ~'u~hes '
, r,, Ot1T1 R_~~11~1?~e5 - upon a sepsrate and priv~te E
of the said - .
canon ~y me ta~en separate and aoart from her said husband, atknowledged to and before me that she executed said instrumznt freely and -volun- ~
,.y and wrthout any computs~u~, cons!raint, a~prehens~on, or fear of or from her »id husband.
Yli1i~ESS my hand and offiGat seal this__ 12_~f? da f_ .IUi1P A. D. 197d
•
~r. S TAT E° F r r~`-~ ~ Notary Public in and for the ate of f da at large
~ ~~T' [)OCUMFN?AR~~-~ ;:~S7AfV.? iA.): . My Comm~ss~on exp~res: w~
z> ~'L pE?i. Uf REY~CiUE I~~ . ~ a~.
7~' S
~ " _ _ ~~~~<•,<~~ 3 3. 7 5 +
~ - t~+ = P.B. ` `s .~i~ni:ti.i i
~ a ^ ! t 102 _ _:,a,~ ~ , , : r; .
,,.G•,;.
_ `V ~J
' nohert A. S'wishpr, ,Tr. _ vJ .~T~
~ - . .
This Instrument Prepared By _ : ~ P- ~
= First Federal Savings & loan Association - ~ • ~ ; . ~
~
of Fort Pierce , ~loric'a 33450 ; f+=. IQ L
, .
Checked B . i
Y~ ,-'~~RIDA
h ~~r't}~~~:i:H~?~•~~`~ -
~ E..~ 2!j8 ~?G~i?1? .
- ~SW
y ~ ~ - - ~ - - _ . _ - - - _ ~ ..~e
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