HomeMy WebLinkAbout0565 3. To place and conrinua+sly teeP on tM bui'd~ngs ~+ow or kerrafter ?~twt~ o~ iaid land and on ali eq~ipnent and personaHy covrred by ihi~ rnott9- ~ 1
ege, wi~h all ptemivms thereon pa~d in tull, fire insurance ^ the uwai t~snderd po~ic~ iotm. in a sum a~,•proved by the N10RiGAGEE. and w~nJ1tOI~11 i
~~sura~tt in ~M utiual s~sndard pol.cY fo~m. i^ + sum approved by +M MORTG~GEE, in sucA company Pt COmpaniH as ~h~ ~'•ORiGAGEE m+y , t
d~rcc~: and all iir~ ~nd w~ndstorm insuranc~ po!icies on ~ny of sa~d o.iildanys. any i~teres~ therein w parl ihereof, in th~ aggrrga~e wm aloresa~d or
in e,ecea IAereo(, shsll conrain tAs uwal s~.uxlard :nortga9ie t~+~ss a such o~har ciause ss the Ma~y+~e+ r.iay rsqu~r~, mal~ng the loss u~de~ sa~d po~b ~
<<rs, each er.3 eve~y. paya4te ro sa~d A~ORIGAGEE as ~rs inttrrs~ ~~:aY +PP~+r, ~nd each a~x! e~e.ry such po~~cy shall be p~a~p~~Y ~s~qned and dr~~verrd ?o .
e~~ held by sa~ A10RTGAGEE aa fvrther security io sa~d ma~ga9e debt, a~ed, no~ leu ~han ~en (10) days ir, adwnco ol tha e~:p~~at.a+ of each pofcy, to d~-
I~vrr to wid MORiGAGEE a renewal tha~eof, ~oqethe~ w~~h a~ece~pt to~ the p+r:~~um ol such reneaal; and thare shall bt no fire w windt~am insurant~
placcd on any o( sa~d bu~?d~nga. anY ~^~e.es~ ~hae~n or pu~ thereof, unl:ss +n tRe form and w~th the 1^ss payable as alwesaid; aod in the eve~t any sum
ot monty bcco~+es paYab~t under wch poliq u pol~ues se~d AtORiGAGEE sha:l f~ave ~Ae opl.on lo receira +nd app~y fhe s+~l+e o~ +ua+n~ of IAe u~debted~
nrsti sccvred hereby W lo plrrni~ Sai~J MORT~iA~R$ f0 fKdivd a~~I u3s it O( any p~~t ItM~tOf lo~ Oc~n~! putNOSr3. wJiWUt Iha~eu~ wa~r~.~~ J~ un~.+or-
in~ any equ~:y. Gen w right unde~ a by vi~tue of this mo:tgage; artd in the event said MORTGAGORS shall fa any reason fail lo ketp the said p~cmises w
~nwr~~d, w fail ro dr~~.c. p+ompdY +~Y of sa~d poiK~es ot i~surance ro sa~d MC~R:GAGEE, or fa~l Fxomptly to pay fully aAY ~N1~iUT the~efor w in a~y r.... ;
~espect fait t~ periorm, d~scharge, eaecute, efiect, canp~ete, compty wi~h and ab~da by this tove~wnl, or ~oy parl he~eoi, sa~d MORTGAGEE ~*~+Y p~+~e a~d j
pe; iw such i~surance w sny part tharrof wiinout waiving or a(fect~-.g any op~wn. lien. eqv~~y, w rigM unde~ or by vi~tus ot this Mo~tgage. ~~+d fhs .aY{ i
f;;u ;moum of e+ch and every such paymrnt sFull be i~n,ncdiately due and paya5le snd shall brar in?erest from the date the~eof umil pa~d al the raro of ~
~,e par cemum per annu~~ a~d fo~rther wuh w;h int~rest sheif be arcurrd by 1he lien of ~his mwtgage. F
a
J. To pe+mit, commit or suffer no waste, impaitmen~ ot deterioraGon of said p~operty w any part ihereof. ~
5. Ta pry etl and sing:~~u the costs, chargcs and expenses, ~nclvd~ng a rea~a,able artaney's fee and costi of abstracn of title, incurred a psid at j
,n; i~me by aa~d MOR1GAvfE, becauae a~ >he event of ~Fr_ fa~iure w~ the pa~t of the said MORiGAGOR lo duty, pranptly snd fully pe~form, d~xharqe,
~.ecute, effed, comp?ete, comply w~th a~d ab:ele by each a~v! every tAe stipulet~c~s, ag+eemrn?s, cor,ditions, and covenants o( sa~d promissory note and tha
~~•rgage a~y or e~ther, and w~d costs, cha~ges ar.d e?pensas, each and every, sha~l be immed~ately dua and paY+ble; whe~her w no1 t!?ere be notice do-
~„nd, attarnpf ro caNd a suit pend~ng; a~d rhe full ertwunt oi each artd every such paymen~ shall besr :nterest f~om ~he date thereof until paid at the
o~ n~~e per :aaw~n p.~r am~um; d~~c aU said cusn, cna~ges and ex~.~•~~ses ~nc~rrci/ or pa~d, toyether w~th such interes~, sMll be secured by the leen of th~s
mortgage.
6_ That (a) i~ the event of any breach ot rh~s Nbregsgc or deFau:t on the Part oi rhe MGRTGAGOR, a!b) in the event any of ssid sums of ~ra~ey
f•~~rr.n refNred to be no~ prompt:y and fully p3ed v:i+h;n thrty (3Q} da~s ne:~ s:~er :ne san.e xverally becuna due aod payabfe. wi~hou~ demand w norice,
c r;,c) in the event eath and every the stiputa~wns, agreemcnts, cond~tions and covenanta ot sa:d prom~sso~y rwte aod th~s mo~tgage a~y w e+ther ~re rwl
i„.y, promptlY and tullr +xrformed, d.uharged, z!eecu~ed, effected. comp:eted, comp!.ed v+~ith and a6~ded 5y, then in e:ther a any such event the sa~d ag
~~c J~te ium memioned ~n sa~d pran~sswy nore ~nen re+naining unpa~d, witfi interesi accr~ed, a~~d a~l mone~s sacured hereby, sFwl~ become due and pay~
e:.r forthwirh, or thaeaffer, a~ :he op'~o~ oF sa~d M0~2TGAGEE, as iv~ty ard comp`e~e~y rs ~i a~l of the said sums of money were o~g~~afly s~~pulated
be p..:d on such day, a~ything ~n :a.d prc n:s~~y note or in th~s 6lortgage to the cw~rrery notw~~hstandi•.3; and thereupon o~ 1he~eahe~ a~ the optwn of
s~:! !dORiGAGEE, w:~hout notice or demand, s~it at Iaw a in eq~~ty., fheiefore o~ tl•e~eal~er begun, may be proser~ted ss if a!! moneys aecured hereby }
c~;i in3turCt~ ~~Of t0 ~ti ir.siifuti011. ~
7, That in ~he event that at the beg~n~~6~~g o1 oi at any tivee pending any su~t upon tf~is Mo~tgags. w ro forec!ose it, w ta reform il, or to rnforte ~
~•,=~r of any u3~~r.s fiGf@V:1~@f. ~O~d :.'.GRiGa'v:: sha:t appiy ~o fhe Co_•t ha~.•~y ~~•~sd:cT~an ~hereof Fa tF~e eppo~ntmem of a Rece~~~n, such C~x~ shafi i
_ ;,i~h appaint a re:e:~er of said me~tga_~cd Fr~~~ -ty a!I ar.o sing~;ar, icc:uci.ng a~l o••d s~+:gular tho ir.come, proids, issuss ar.d re~enues from whateve? ~
s_•..•c~• darivrd, e.~ch erd every of wh.ch, tn~ng exV~ess'y undr~a+wd, ia he.r6y mo~rgagrd as ~t spec.fiu!!y srt forth o~d dew~bed in the 9~a^ring and 2
>:,dvm clausee htrwi, and soch Rec~•~: _r s*:,L F.a~~r all tne br~ad and effec~we fcrct c:zs ond pawers i~~ anyw~se ent~uattd by a Court to a Receiv~t. ~nd ~
s._~~ aFpointmr~it sheit tx made by such Co~+t as an a l~hitted equity and a..vtter of absc,ute r:ght to sa7d MORTGAGEE, ~nd without reierence to the
,._.y,,;cy w inadeq~acy of the va:~re of thC p~oyrrfy morlgagE~C~ or ta 1t;e sn..r:,:y or .n=•.::rency of sa~d MORTGAGOR w the detendants, and that such . ~
•s profits, income, iu~es and revenues ahail tx app~ied ty such Receiver ac:ord.,,y fo tl~e Iien w equity of said MORTG/j~G~E and the praUice oi such ~
:.ourr. ~ ~ ~ - i
8. To du!y, promptty and fu11y per~o+m, d~:charge, execute, effect, compiate, cemply w~~h and abids by each and ev:rj ~ stipu+ations, agrcements, }
d:r~ens and cover.ant~ .n said promiasory note and th:s mortgage ser fo~th_
9. That in ~he eveM the ownenhip o1 the mo:tgaged pre~~ises. w aoy part thereof, becomes vested in a pe~son other than the MORTGAGOR, th~
:;'R'C•4GEc. ~ts s~rcessors and ass~gns, nay, w+tF.avt no~ice to ti~e N~CRiGAOR, deal wnh such successw or successor in inttrest with reference to th~a ~
-ycyc aod the drbt ~ereby secur~cl in the <_ame manna;t as wnh Mu~tg:.go. w~thcu: in any way v:Gatirvd ot d~stharging th.: Mortgagors' IiabiGty FKr.r
__r x u;.~+ ~he debt uereby sec~~ed. No safe of the prem~ses he~eby mortgagee and no f~rhearance on 1ht pa~t of the MORiGAGEE or its s~ccessws
-.,,.,s o~IPRiip/f ol tbe t~me for the cavment of thr deb~ hereby arcurtd g:~en by the A:~~RTGAvEE or ns svccessws or au~gns, shall operate
c.; -_~:e, d~scharge, modify change o~ a'fect the orig~nal liab:~~ry of the 7~ARTGA:,OR herein, eithet in whole or in p~rt.
10. It is speuficalty agreed that ~;me ~s of the csaence of th~a cont.act and that na waiyer of any obl:gat~or. hereunder or of the obligstion se-
r.•d hareby shali at any time th..reaiter be hei~ to a wai~rr of the trrms hereof w of the instrumen: secured herby.
fL In ada:f;c? b eh~ iorzgo~,7 ^+on't~'y ;.av~n=^'s o! P~~:`c~" a,.d n~ner~s~ re?u,reo by the p~omissoty no!e sec~red hereby, mmtgagor eovenants
ag.ees ro ~ay ro mo:~gagee w~ti. rac^ ~~~.:~~~h'~ ~e~~i an odd r:onal sum ~•sr --.aTCd by ~no~tgjgee to be eqvai to 1 J12 oF P:~e an~~al cost of the follow-
A-AU rcal property ~axes ie•~~ec c. assess_d agn~• st tir~ above describ_d :rat rs~ate. ~
B-Frc-^ u:^s on `~re ar.d wir.ds'o're inS:.~:~ C? as he-c:~ rry,.red ro be ca•r.e~' cz the improvemeats s:tuate on the above d-saibed premises.
' C-Prem~w~s on s~cn mx~~~gr guara~,t f;rse:~a:.ce as mo•'gagee sna11 frarr r me to t~me deem fit to carry on the loau setured hereby.
.".ortgagee s~e~~ ~~.~n !~^`r to '~^e r.e~~fy mo•t_ygcr ~n v::~t~ng of the a~-o:~t d~e an~ payable hereunder and such s~m shall thereupon be dve and
I r on the due ci+re of rhe ~~e~t ~~:o~tn:~ p~y:~:ent aod each suuesswe mo-~;h rhereaft_r ~otit mutgagee shal; not~fy mortyagor of a change in su:h
~ ' S~ch su~ns sha :~e appt;ed 'oy mortgay:re tov.ac~ the paymerit of rea! pro~rrty taxes, insuraxe prem.ums, a~xl mortga~e guaranty insurante
J^~s.
IN .lI1P1E55 ti'.'M:REOf, ine sa~d I~ORIGAGO~ iias here~-,to set his h~nd and sea; the day and year first aioresaid_
Sgned, SEa:ed and d~tiv~red in the p~esence of: _ _ ~
1 ~ _ sea~
, ' ia?~ F e che {s~,q
- ~ sNn
rbara R. letcher «a~
=-~TE OF FLORiDA ) ~
$t • I.t~C~@ j SS
V TY OF -
8-lwe me penonaily appea~ed wilil~ R• ~letCtl@I and
Barbaza R. Fletcher his wife, to me well known and known to me to be ~
~ d~v~duafs descrioed in and who executed the fo~egoing instrument, and acknov+ledged befwe me that they eaecuted the same fw the purposes i
•e n expressed. And th_ sa~a- Barbara R• Fleteher
r. _ cf the satd - _ _ W11112~ R. Rleteher upon a sepsrate ~nd pr'r• .t~
nanon uy me taicen seoarate and apart from her said husband, at4~wwiedged to and befwe me that she executcd said instrumeM freely and vowrr
; and wt:hout any co~pL!sion, co~straint, apprehens.on, or fear of or fr~n her said husband.
v5ili~vE55 my hand and oific~al scal thts__ day of Jl1Jfe A D. 19 74
56 t~ ~
f~~E~ a'~C s+E~GH~JEQ No~~ry P~b~ic in and f State of Florida st L~rge ;
~ ST. l~C?E COUltTI' FIA. My Comro~ss~on exptres: ;
Return To: ~tO~E = ~ ; •ToA~ , / -
-.rst Federal Sa.in~; E loan A:so:iat:on CLE~K t,ij" ~DURT ~
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Oi Fo•t Pe:eA. PFt`Cp' -.r~ O
~ort Pi_rc:.`. Flofida ~ . ~ ~ • '
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~'':''~.r `J.~+~ G R d u~ ~
7his Ir.stru: .~nt Prepared By J. H. Roberts Jr. " =
First Federal S~~ 'ngs & Loan Association • - .=~4 ~~1'-~1, - r
r~rt Pierce ~ Florida 33450 ' ~;;L':;(~vlp~ :
Checked By r~,`~ QOOK~~ PACE -~L• -
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