HomeMy WebLinkAbout2061 9. To placq a~d co~tinuo~sly keep on the bui'd~ngs ncw or he.eaifer aitvnte on s~id fand and on ali equip~nenl and perlondl~y co•+~~~ed by th~~ marlg-
egr, w~~h all premiums thereon pa.d in fuil, fue insu~ance ~n ~he ~s~al sTO~~dar;3 pd:ty fonn, in s sum apyroved by the MOki`va'vEE. ar.d ~v+~d~~o~m
~ns~.ance In the usual s+~nd~rd pe: cy fo~~~~. a,um ap, :ovrd by the MORIG~GEE, in wch company or compan~es aa tha MORTG~GfE m~y
d~rec~; a~d sll tire ~nd w~nds~orm insu~a~ce qo!ic~es on any of s~~d kw~id,ngs, a~y ~~ternst tharein ur part thercwf, i~ the aggra~ate t~m a~o~esaid w
in exceu thareo}, shall ;ontain the usua! s~ar.d~rd n:o~~gagee ciause w a~ch other d,+use as ihe Mo~tgayee may reqv.r0, maki~~g the ~~ss unde+ so~d p•i1i-
c~es, each antl evcvy, parab'e ~o said MJRTGAGEE as ~ts nvarest mny appa~r, and each and ev~~y suth ~a!~cy shall be prom~tiy ass g~:ed a~~~ Jetive~ed ~o
eny held by said AtOR(GAGEE ss fur~Fr.r security to said mongaye debt, and, not tra~ Ihan ten (IO) days ~n aJ.•ance oi t?w expiratiai of aac~ po~~ty. to da
I,ver to said AtORTG`GEE a renrwal rhereof, together w~ih a rece~~t for the prenuum oi such rcnewal: a~~d the~e shail be no 4~re o: wi~~ds~ann iosurante
placed on any o( said buildinga, any interest there~n o~ part thrreof, untcss in the for~u snd with ~he ~oss payable as afWesaid: and in ~he erenf any s..m
of money kxcomes payab~e undcr s~ch poGcy o~ po~~cies sa~d MGRTGAGEE ahall have the op'.on to rece~ve a~~d apH~y the same on accoun~ ot the indebted-
ness secured hereby or ro pr~mit said PAORTGAGORS ro recrive and use it or eny ~u,~t f~.•_:~~of for o:ii•rr purE~cses, v.~~t,o~t ~ha~.u; w~r.:n.~ cr ~mps~r-
;ng any equ~ty, IEen w rigM undrr or by virwa of ~his mo: tgnge; and in the eveN tr•d MORiGAGORS sh~ll f~ any reaeon fa~ to keep tl~e said p~emises so
Insurrd, or fail to dellver promytly any of s~~d po~~ti~s ol insur,~rce to said MORiGAGEE, or fail promptly to pay lully ~•ry pfe~nium therefor or in a~y
respect fail to perEorm, d~schorge, execute, eifect, comp:e~a, co:nply with and eb~de by th~s covenant. or eny part hareoi, said Mt~Rit,AGEE may puce a~~d
pay fp suth insurar.ce or any part th~reof withoul waiving or affeceing any option, i~rn, equ~ty, or ti9ht under or b~ virt~~e oF this Mortgage, and tht ~
~~;1 amount of earn o~..: o.o.~ prymem aim~: .-'^~~~~ely due and payabte and shai~ bra~ ~~tr~._• '~um tho date thereof urtil p~~d at the rate ol
~~.e per centum per annum a•id r.~3o;h.rr h~~h s.,:h ,nt~u~sr shaii t~e s~._-°~ •4... ~:en of th~s mortgage.
io permit, commit or suffer no was~e, in~paum.~nt or detar~orat~on af said yroHe~ty x any part thereo(.
S. To pay all and s~ngular the costs, cFarges and expenses, fnclud~ng a reesonaF,le attrrney's fee and cos~s c~f abs~~acts of title, ir.curred or paid st
~n~ time by sa~d h\CRTGAGEi, becavse or in ~hr evrnt oi N~~ fa:lure e~ the ca!f of ~he s~id MORIGAGOR to du~y, promptty and fully r.e~lo~m, d~scharge,
_x~:~te, efiect, comp0ete, co:nply w~~h and ab.de by eacti and every the s~ipu~a~~ons, agr~rmrnts, cond~uons, a~~d covenanra of sa~d praan:,sury ~o+e and ~hii
~:x~gage any or ei~her, and sa d costs, charges ard a~penses, each and every, sha~l be immrd~etety due and payab:e; whether or nol rhe:e be ~otice dr
~a•~d, aue~r~pt to collect or suit prnd~ng; and ~he fvl: amount oi each and every svch paymem shall bea. interrs~ from the date ±hert.~t un!d pald a~ the
o° nine per cen:~m p~r a~usU.~ , ~nd ~~i sa~J c~•s's, ci~•+:gcs d~~ ea~x:ns_s intuctetl or peid, ~ogrther w~th such mte:e>t. Shall be SeCured by the lien 01 ihis
n~.ortgage.
b. Tha! (a) in the eve~t of jny breach of rhia !Aortgage or de.'a~h on th: part of ihe MORTGi.C,.7R. or (b) in the event any o1 sa'J svma oi money
here~n roferred ro be not pro~nptly and fu:~y pa~d w~rhl~z ~h;rty 13J) days ~zxt a~rer ihe same serera::y beco~ne due and payable, without demand or notict.
cr c! in the event rach and every the Stipu~ahons, ayrrements, cond~;ie•~s and covenants of sa•d p~omiswry note and th~s mor~gage any or tither are oot
pro~nptly and ~u~ly pe~lonneci, d scha: ~•~d. ewx.~ted, effe:tcd, tor.~plet~~d, con~~:i.ed w~rh acd a~-•~d~~d Sy, then in e~ther w any such evem the said ag
~__atz sum menhoned in aa~d pro:~~!sso~y n~se then re~naln~ng unpa+d, wi!h interezt ac:•~ad, and a!4 moneys _<cured hereby, sha:! bccorne d~.e and pay-
fcrthw~th, or rhereaf~~r, at the op•:on ;f s~.d IJORTGAuEE, as tuk:y and com~,:r~e~y as ~i alt of ?he said a.•^+s of money were e:~gcnatiy st:pulated
! r. pa.d w~ such d:./, anythin~ in za.d r.ro:::.;~ory note or in f4us 1~1c•rtga_7z tu IF~e ton~rdry not.v~ihst~nclu~y: and therr. pOrt or thttcuftet et the Ophon Of
s:+. 'dvRTGAGEE, »ifhaut nonce o~ dcu~a~:d, su~t at ;a,v or in eGudy, ~h~referr or th.recahcr begun, may be prosecuted as e:l montys tecured hereby
r d~~~aiun-~d or~or to ~ts inst~t~r+on.
7. That in tk~e evant ~ha~ at the Ee j~no:ng vf oc at any t~n~e ~:e~d~~~g any su~t ~~:on tl:is h!o~tgage, or to foreclose it, ot to re(orm it, o? to enlorte
•_n! of any c~a•nu ~e~eundcr, so~d A~JRTG=:i,: ` sha:i ap}~iy ~o :hc Co~rt g;~~nd o:un shr:rui tor ~I:r aF,po~rtoient of a Receiver, svc!* Court shsil
~..~`..vuh ar~oi~it a rpcc~~rM of S~;d rr~..'y.~:~rd •ty a:! ~nc1. s:•'.~~:ar, i:~GUd.ng a~~ a~id su~~j~~a~ tt~~e intOme, ptofdi, ifsueS dnd revenue3 }rCm wfia;ever
clerived. e..ci: and e+ery of ,n~.,!:. ..:,y ..t:'<ss y ~nde,sr,ed. n Fe~eoy r•,crz~age~! as if spec;fica:ly set forth and deuribed in Ihe grentiog and
i•. endum uavses her bf, ond such Rocciv-~r sha;. a:t th~• Groed and ri'~'i:e io~:ce o~~s a~d powe~s in anyavisc er.lrusted by a Court ta a keteivtr, and
_h appoinnne~it shall 4r made by sucti to~+~ as an nd:•;.trrd eG~r.y and a n~a:!er ef aL•sc~~~e ri9h1 to saiti MORTGAGEf, and wi!heut reiere~ee ro the
r r y~acy or inadeq~aty oi rhe vai~e of tne ~~~oferry m~rrgdgrd or to fiw sa.ez.cy cr ~:s~~:•:ency o( said MORiGAGOR or the deiendants, a~d ~hat such
•s, profits, income, iswes ar.d reveu~es shatl be :~pY~~ed 'o~ s~ch Re:e~.e~ accord~:~g ~c• the lien w equity of said MOR1G :GEE ar.d the practiee of such
",,rt.
8. 7o Ju~y, p~Gmpt:y ar.d ful?~ Mer'orr~., d~sc~,arge, eRecute, eff~:~, co•npi.•tP, co•:q,'~ w~th and a6ick by ea:.h and every tiK stirulations, agreemeNS,
~Ir:cns a~d wvenan~s m sa~d ,::omissory e,ete a~~~ tn:s rncrtg~y-e ser tort`~ '
9. TF.at in thr eve :r ~he :.~:nersni~: of ti~e ~~.c:tgaged pre~:~ses, or a~a{ ~ art ircrcof. 6ecomes vested in a perwn otiier tnan the A10RTGAGOR, the
. ?iv~G:E, i~s s•,_c.e.sc~s a~tv as~~~~r,, ~^sy. wchw~ ncr.,e to r~r ;l.vRTG%-O.'. deai w~~h wch svccessor or successo~ in interest v~i+h re}erente to ihi3
.y;ye a~d rha f,u+ here~~ sec~n_c~ ;n the ea~e rr,a~:ncr as .~..:h :!i'tg~gnr r.:;h:~t ;n any way vitiating o~ d~scharging the Idortgagors' liabilify htre-
• or u,-=;~ 'nr d_et f~_fEVj sc•cu~rd !~o e oF 1Fe 4~~~ ~5^5 h_r_by +nortgaged ar.d no forbearan~e on she pa~~ of the l1lORTvAGEE or its sutcessors
and ~o ~~,•ar s ar~ of ai,_• e; for ei:~ c a; ~.enr cf tt.e d..l;• l.....,b, srcorcd givrn by the MORTGAGEE er ~ts sucte>sws or ass~gns, shall operate
_case, d.sc}:a~~e, n:=~u~i~ char.ge.or a'iect rhe or~g,no~ L.,r~. t; of r;~ A'.ORiGAGOR i:erein, eeti~er in wLole in part.
10. It is sc~~:`.~:ai:r .>orerd th>t ~~~:~e ~s ef fF~.~ E~152~::P cf ti's cor:!ract and ~hat no waiver of any oN~~gat~on hereunder os of the o5l~aatan se-
r<_d hereby snai; at an~ ~•,e tnereo'~er be tc be a v.a~:ur ef the terms nereat o+ oi 1F~ i~~strumeN secured herby.
1 i. in i:~:- •o f f r- ,:;a s~r ,~_.•a, ~«d : _s• c' L-~ t!:e j.fC.T..15.'.:'j n~re z:cvred hereb/, mortga~or tovenants
,;~rces to p•,y ro mo- ~;.,_e h ei-n rr 4~y F 3. .c~~! n dd,::~~~al SJ'~~ 'St~^ dt_(I L]~ mort_y3gee to M eqvai to 1;' 12 of the flnnuaf cost of the foiiow-
ti~-~ii r._dl ~,ru';•'rt~Y t2a~_i ~c"i~: ~ C! oSi-Si::~:i •:j.;~.St lt« ~:i[:Jrc C~='S.~~~_4~ '_d) CT~~~~'_.
6 ~:~::..,-~s c:, t. - ar3 v::::d;r~„-~,: lr.s~,~:~._r 'r,•:e~n r,,:_~:;••,d +o b~r ca.,~.: c~: rn~~ i~r;i.ov~meats s;tuate on the above d_scribed premises.
C P: s:,•~ n ~r•:~ : n,.~•;~ 'y ir;~ os n,c•'gag.ae shaP frcr t•re ro t~me deem iit to carry on the loan s~cured hereby.
r.1o~:~a~ee s'~.~' ~~o:n c~:+~r fo s:-,e ~:c•~j; n c'~~-g::' ~r. •:i~~t~ny ef the a o.,^t J~e and payable Aereu.^.drr e~:d such su:r shalt thereupon be dur and
e on t~_ ci,,e ti,~~- ci t~_ n~ ~t h'r ,:sy:,,=~nt a~~d c.c`~ ;otiessi.e ^-c~th t~~c:eatser uatii mertg3gee shall notify mortgagor of a change in such
~ . S~cr s~~~ns s~., i b<_^ a;,~ =cd 'cy n!'~r'g'g r~ !c..aro t',e ~.arn ent of rea: crure~ty taxes. insurance prem:ums, and rc.ortgnye guaraMy insurance
f . ~ ~'J"~.<. .
~ t~a \:tTP.ESS V~N:R~Of. t~ ~ sa d'.'"vRT~;i+,~GR nrs he~eu-~to set h~s h3~:d and scai the day and year iirst aforesaid. ~
~ ~ ~ ~/J
Signed, Seated a~~d de~ivered in the presence of: ~ i~/~~,
~yy, F~IED aM~ RkC~~OtO G~L cc~ce rses~
!1 .~.~y~~1? - S.IUCiE ~`~~,7RLS`A ~ Stanle . 9cidm Ye ~aq
_ J~ _ G itQG~~ _ -,~t7 COURT ~-r/`~7 ' s[./t~-~ t5eap
CLERK C.. ~ ~ •
, Rf~;^~n vE~:F-~=~ Eleanor M. Skidmore rsea~~
~ aF lti,~, 4 10 P~
~ u.
: >~'JTY Of - ~
Before me pe~sanally appeared $td•~ ~~-~-~~Q- a~
Sleanor M. Skidmore his wife, to me well known"anc' Y.r+c.vn to me to be
= ~ndividuafs descr~bed in ar.d who exec~ted the roregoi~g instrument, and acknowtedged before me that they exewted the same f:+r the ~urposes
•e~n exp~eased. And the sa~d-_-.--- BleanOr M• Skidmore _
of fhe said Stanl o~• C~~ S1rl~jinOYo _ - upon a sep~rate and private
nat~on by me taicn separate and aoart from her sa~d h~sband, acknowledged to and before me that she eaecuted sa~d instrumeM frer:y and voluo-
~ and w~thout any compu'sion, :o+;stra~nt, apprehens:on, or, fear of or from her said husband.
WlTtiE~S n:v hand z++d oFf;c:ai seal th•z I--- day of_-_-- ~ p`• a• ~9 74
- Nq?ary u c i f r e 5f @ ~9fc~ ~~f/~~/ ,
' ` My~ Go s . xp • . . . ~ ~i ' _
. I • : '
Re~:.~r+ ro ALF~EC JACKSON JR. .
~ ~ i .
~:~st Feoeral Sa.~~~gs 6 toan Assr_~,t:on NOTARY PU~~IC~ Ststs of Nsw York l; ~ .
~ 04 Fc.s No. 52-7051500 - Suiiolk Ca~.~' ~ : ~ " .
ir~s Mareh 3Q. Iveya
Fo++ P~crce. f;~ ~~c?3 Commit~ion 6tp .T, ;
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~ This Instrument Prepared By J~ H. Roberts JY. '•:~~.,;~+~Mr '•V~,~``~
First Federal Savings & Loan Association _ z~u;~t~ti~ci~ti~
of Fort Pierce ~ Florida 33450
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~ Checked By
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- 800K ~~8 PAGE ~~AJ
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