HomeMy WebLinkAbout2654 3. To p;act ~~d continuously keep on tfie bu~:dings no~nr a hereafter situea on sa~d tand and on alt equipmen~ snd penonally covered by Ihis mort~
ege. with •II ptemivms Ihereo~ pa~d in (uli, I~re inturanca in tM usual ~~a~dsrd po~~cy fo~m, in a._sum ~pproved by tha MORjt;AGEE, a~d wind~~wm
;r.suranc~ in ti?e usual s~andard po~~cY lam, in a num approvad by ~hs MORTGAGEE, in such ca++p+~Y a~p^P+^~~ ~s ~RiGAGEE ~nay
d~rect; and all (i~e and w~ndstorm insurancs policies on any of ~a~d build~~gs, any inter~sl therei~ or p+rt thrrsoi, in ti?e agyrrg~re sum ~faes~id w
in excef~ Ihereof, thall contain the ~wa~ s+a~dard mo~tgagee dause or auch other clauss af tM MwlgagN may requ~r~, makin9 tM loas under ~a~d pu~F
c~es, each and every, payabie ro se~d titORiGAGEE a~ ~is interest may appear, a~~d each eod e~e~y such poi~cy iha:l be prompHY +as g~~ed a~~d de~ivered ~o
any held by ~sid MOR(GAGiE as fw~her srcuritY to sa~J mo:~gage debt, a~~d, not less than ~en l10) days in advance oi thr expirot~a~ 01 each pol~cy. 1o da
I,ver ~o sa~d MORiGAGEE a renewal theraoi, ~oge~her with a tece~Nt tw the promivm oi suth renewat; and thete ahall b~ no lirs or windi~orm insurant~
placed a+ •ny of setd build~ngs, any interest thereio or part therro(, unless in :he form a~x! w~th ~he laas payable as afores+id; ~~d in the event any sum
of money becomes payab~e undcr s~ch policy or poGcies said MORTGAGEE thall hav~ ~hs opt~on to ~eceivs and appty Ihe s+me oe iccou^~ of 1M i~bted~
ness sec~~ed hercby or io permit aaid M.URTGAGORS to reCeive +~~d ute i? a any ~art ~haccoi for onc~r pwF~oirs, v~~~hpot th~.cb~ wa~•.~ ~3 0~ ~~L~Pd~~-
i~~ any equity, I~en w r~ght unde~ a by virtue of this mo:tgagc; and in the evcnt sa~d MORTGAGORS shall {w any reason fail to keep the sa~d prem~ses w ,
~:,eured, or fa~l to deliver pr~nplly any of..said pol~ues of in~urance to satd MORiGAGEE, o~ fa~l prompdy to pay fully s~y p~emium therelor o~ io a^Y
rr:pett (ail fo pe~Form, d~scharge, execute, effec4 completa, canply wiM snd ab~de by th~s covenanl, o~ any parl hr~eof, said MORTGAGEE mey p~ace a~~d
pey (w such insurance or any part ~hrreof w~fhout waiving w a(ieceinQ any optio~, lien, eqv~ty, w~~gM undm w by virtue oF ~his Mortgage, and the [
t-. tl amovM of each and e~e+y such payment shall be immediately dve and payab~e ~nd ahall bcar iNCrest Tram ~he date thereof untii pa~d at the rate ol }
.e per cent~m pe? annwn and to~rther with wch Intr~est shat~ be sec~red by the t:en of tbis mortgage.
1. To permit, commit a suffer no waste, impairmant or deterioration of sa~d µopc~ty or any part thereof.
5. To pay al) and sirr~utar the coats, charges ~nd expenses, includ:ng a reasonable attwney's iee and costs o4 abstrads o}.title, incurr~d or paid st
•.,y time by said 610RTGAG'.E, because a in the evem of thr farure on the poil of the seid MORiGAGOR to duly. pron.ptly and fully perfwm, d~xharge,
eRewte, efiett, canplete, compfy wuh and ab;de by each and e~ery ~he atiputahons, agreemen*s, cond~tions, and cove~ants oi said pror.~~swry note and thi~
n.orrgage any o? eiiher, and sa:d costs, tMrgea and expenses, each end eve~y, shall be immediately due and payable; whe~he~ w no~ tl~re be ^°~~ce de'
mand, attempt to coilect w suit pend~ng: and the (ull a~nount of each and every such payment ~nall bea~ ~nterost irom ~he date thereot uroil p~id at the
r r-_ o~ nine per centu~n per annu.n; and ail sa~d custs, cha~ges and ex;:.:nses ~nc~rred or pa~d, to~ether wdh such interest, shall be setured by Iha Gen of thii
rt~or tgag@.
6. That (a) 7n ~he event of any breach of this Mwtgage or default o~ tF~ pr~t of the MORTGAGOR, or (b) in the event ~ny of said sums of mo~ey
hrre~n referred to be nol pranptly and fu11y pa~d withiri thuty {30) daya nex~ afre~ ~he sanx ievera!1y become due and payab:e, without demsnd w no~ice,
cr (c) in the eveN eacA and every the stipu~aii-xos, agrerments, cond~~ions and cove~an~a of sa~d promissory note and th~s mwtgage a~y w either are not
i~:y, prompHy and fully perfwmed, d scharged, execvred, effected, canp(eted, complied with and abided by, then +n e~ther or any such event ths sa~d ag
g cgate sum mentior.ed in said promisswy note tt~en remaining unpa~d, with interest acuued, and a~l moneys secured hereby, shall become due and pay-
ac e!or~hwith, or thereal~er, at the opt~on o4 said MORTGAGEE, as fully aod compEe~cly as if aIl of the said sums of money were o~g~na~~Y iNpuisied
?c be paid on such day, anything in sa',d promissory note or in tt~is Mo~tgage to the con~rary notwithstanding; and thereupon or the~eafter at ~he option of
sa:d MORTGAGEE, without not~te or demand, suif at law or in eqvity, thereFore or Ihereafter begun, may be prosetuted as if all moneys secured hereby
n:d matured pt~or To its inst~tution.
7. Thet in tht event that at tne beginn~ng of or a1 any time pendi~g any s~~t upon this Mwtgage, w to forettou i1, w to reform it, o? to enforce
,a;mem of any claims hereunde~, sa~d RSpRTGkGEE shap appty ta the Ceurt havi~~g ~ur~sd~ction thereoF for 1he appomtment of a Receiver, such Cou?t shall
ic~•h.vith appoint a receiver of said mo~tgaged prepa~ty all and sir.gular, inciud~~g ai! and singular the irtcome, proiits, issues and revenues from whatever
;-ce drrived, exh and every of wh,ch, ~t be~~g expressty understood, is ferr6y mortgaged as if speciiicalty set forth and destribed in the granting and
Fubendum da~ses hereof, and such Receiver shall have all the b?oad and effc{hve f~nct.u~is and powers in anywise entrusted by a Cov~1 to a Receiver, and
s;h apao:ntme,v shail be made by s~ch Co~~~ as an admetted equity and a matier of absotute rigM ro said MORTCaAGEE, and without reference to the
c!eqvocy or inadrquacy of the va:ue of the p~operty mortgaged or to tl:e son~ncy or ~nsolvency oi said MORTGAGOR w the defendants, and that auch
{_~-.fs, proFits, ineoma, issues and revenues sha:t be appiied 'ny such Rete~Yrr accord;.>g to the lien w equity of wid MORTGAGEE and the proct~ce of such
CourL
8. To da'y, prompNy and fu~Fy perForm, dlxharqe, execute, effect, co~npiete, comply with and abide by tach snd every the stipulations, agreemeMS,
__^difions and cave~ams ~n sa~d promissory note and this mortgage set fwtn.
9_ That in the event the ownership of the mortgaged premises, or any part thereof, becornes vested in a person olher fhan the MORTGAGOR. the
:^RiGAGEE, its wccesson and ass[gns, ~nay, w1:ho~~r ~o~~ce to tne T:,OKiGAOR, deai w~th such su.cessor or svccessor in interest wirh reference to this
_ vgayc a~~d :he debt F.ereby sccwed i~ tt~e same marner as •~+ih ?.tcrtgagor w~~ho~t in any way vitiati~g or dixharging the Moreg~gors' liabilify herr
de~ w upon the debt Fkyeb± sec~red. No sale of tiee F~e~r~ses hercby mo:tgaged and no forbeara+ue on the part o{ the MORTGAGEE or its sutcessws
• ass~gna and no ex}ension of the tir^~ fo+ ii~e payment of :he debt hereby secur<J given by the MORiGAGEE or its succesaors or ass~gns, ahall operate
~ re!ease, d:scharge, modify change or affect th~ original liau.l~ty of the MORTGAGOR he?ein, either in whole w ie part.
10. It is specifitatty agreed thaf tim~ is o~ the essence of ~his cor.rract and that no waiver of any obligaYan herounder or of the obligation st
:u,-ed hrreby shall at any time thereafter be he;d to be a weiver of the !erms he~eof w oi fhe inslrument secured he~by.
11. (n add.t~o~ ro ihe iOn.gC.n9. mJnth!y paym:nts of p~ic:c paI and interest requ~red by the prom~ssorY no~e secured hereby, mwtgagor covenants
d agrses to ~ay to ~:o:tai4°-e •.++th each n:onrh~y pa~~~~ent an add nuna; scm es:~~~~ated by mortgagee ro be squal l0 1/12 of the annual cost of the ioNow-
A-Afi ~eal propeny taces le~i~ed or assescrd ag:~i•ut Sh~ aboie descri;ed real estate.
B-Fremiums on i~re and v.indito:m H1SU~3n~e as hercin req~:red to be carried cn the im~rovemeata situate on the above described premises.
C-Premiwns on such m.wr~age gvaranty iasurauce as mo+rgagee shali irorw r:me ro time dc~m fit to carry on the loan secured hereby.
I A4ortgagce st+., 's ~~om t~~ne to t~ nc nor.f; meny,ger m writ.ny of the a~rovro due and payable hereundrr and such sum shaU thereupon be due and
~ ,':>!e on the d~~• tia~~ of ~ne next mo~tn:~ paym•_nt and eact~ success~ve rromh thereafi~r unti~ mortgagee shall rot~f~ mortgagor of a change in suth
f mt. Such sums shaii ce app!ied by mortgay-=e toward the payme~t of rea! property taxes, insurance prem:ums, a~xl mortgage guaranty insurance
~ ~ums.
IN WITPJESS Y.HERCOf, tF~> said MGR7GAGOR has here~nto set his hand and seal the day and year f'rst aforesaid.
~ Signed, Sealed and de~~vered in the presence of: ',~i ~
' ~r-,
- -
_ ~ ~ 1 an
_ z~
~ ~ sea~
~ ~ E OF FLORIDA
u.
CJUNfY OF Sti• ~1C~@ 1
Before me pe~sonaii~ appeared William Earl Braun and
rial'0131I1 J8T1A B2'81111 his wite, to me well known and known to me to be
~ ~ndrviduats described in and wia exetuted tfi fw ~ i trume and ack~owtedged before me ihat they executed the same fer the purposea
~aro~ ~ane "~raun
-~_*e~n expressed. A~d the sa~d
of the sa~a 1n1~lliam Earl Braun upon e aeparate snd pi~vate
*~^~:naT~on by me taken separate and apart irom her said husba~d, asknowledged to and be(ore me that sFro eaetuted said in~trument frtely end volvrr
.:y ar.d wtthout any compu~sion, constraint, appre e ion or fear of w frarre her said husband. 1-
:NIiNESS my hand and offec~al seal this__ _ day o! J~e ~ A. D. 19 7u
. •
.
F~
~
Notary PubIK in end w the te of F • at Lar9e
My Comm~siwn expireu
~ Return To:
~ F~rst federai Savings 3 loan Assxiat:on _ '
,~~1llJilt .
Of Fort P~erce. '~i,
~ Forf Pirrce. Flo!ida 1 tt 'S(tj
~ fILEO ~Nt FECOi~OE~ ~ .
l~ ,
~ ST. Oc~E~GOUM~AS`~ ~v~
RT ~ ` ~
CI.EFK C: ,ti~~C COU , - _
This Instrument Prepared By W1D• E. B2'A~D~G ~~'`''"cp~•~.••~~+ ~:~~+~-6 _ ; r= ~
First Federal Savings & loan Association _ p '
~ of Fort Pierce ~ Flol'ida ~j 2~ 9 44 ~ ' ' V 8~ ~ G-„ t-
v'• . , , _
p ' 'r~~
- Checked By,~-- a~ss ~
`~-i.~,ilr
800K2~S PAGE2649 .
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