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HomeMy WebLinkAbout0517 . ~ 3. To plate a~d cenNn~wus~Y keep on the bui!d~ng~ now w hcreafter ~ituate on said land and on all equiprnenl +nd persona~~V covered by Ihlt morly- aye, with all premivms thetcon pa~d in full, fire imurancr in the usua{ stsafard poiit~ form, in • sum apwo+ed by tM MORiGAGEE, and w~ndsfo~m ` ~nsuraoce in tt~e usual s~andard po~k;'fo?m. ~n a wm approved by ~he N1pRTGAGEE, in such tompany w cornp+~~e~ +s tM MORIGAGEE may d~rect; a~d all fi~~ and w;ndstorm insura~ce poliues o++ ~ny of ~a~d build~ngs. ~ny i~~erast ~hercin or p~rl ther~of. in the +ggregare sum aioresaid a in eYCe~i ~hereof, shalt c«+uin the usuat stande~d m~ngagce dause or such o+he~ dause aa the Mortyagee msy requ~r~. makinp the ?o~s u~drr saed po~~ c~es, e~ch end e~ery, payab~e a said A~ORTGAGEE as rts in~cra~t may appear, and each and every such polfcy shall be promptty au.g~ed m.d delrvsred +o •n~ held by sa~d l~IORiGAGEE as ~urther srcuray ~o sald mougage debt, a~d, not !ess than fen (10) days io adw~xe of ~he eapirotion of each poGCy, to da- . I~~er ro said MORTGAGEE a renewal thereof, toge~her with a?eceipt fo~ the p~em~um of ~uch ~enewal; and ~here shsll bs r+o fire or winds~o{m ini~r~nce pl,~~ed on any of said buildinyt, any i~terest therein or p+~~ 11~ereof, unless in ~he fora~ a~xl with the loss payabte at atoresaid; and in the event any sum of n,oney Ixcwnea payable ~nder such policy or po~~cies said MORTGAGEE shall have ~he optwn to recaiv~ and apply the same o~ atcount ol the i~debted- nzss secured hereby or to permil sa~d MORTGAGORS to receive and use it d any pa~t rhefeoi for othcr pwposes, without the~eu/ waw~ng o~ onpan- + ing.any equity. I~en or r~9ht under a by virtue o1 ~his mo-'gage; and in the event sa~d MORTGAGORS shall fa any ~eason iail to kaep the said p~em~sri w Insured, w 1ai1 ~a de~+ver premptly anY of said po~.c~es of insurance ~o sa~d MORTGAGEE, o+ fail p:omptly to pay fully +ny p~emium therefor a in a~y ~ t respect fail to pe~+wm, d~scha~ge, e~ecute, e~fect, comptete, comply wi~h and ab~de by thls covenant, or any part hereof, said MORTGAGEE may place and } c_ ~....:w ev .:nh~ under a 6v virtw of this Matga9e. and tht p~y tM such ~nsvrancs or any pen nro~rvi w~c:.~.~ ....:.:..a -`.=="--o tu!I amount at each and e.ery such paymeM shall be im~nediately`due and payable and ~hall beer interesl (rom Ihe date thereof ~Nil peid a1 the rate o~ . n~:~e per centum per annum and to~etFer with such inter~st shall be secured by the IiM o( this matqage. 4. To pe~mit, cwnmit or suffer no waste, in~pairmeM w deterioration of said prope~ty or a~y part thereof. ~ 5. To pay sll and sinqular the costs, charges and expenses, ~ncluding s reasonabte a~~o?ney's fee a~ <osts of absl?ad~ of titte, ir~curred w pa~d at a~y time by sa~d MORiGAG'E, becauie or in the event of tne fa:iure on ihe part of ~he said MORTGAGOR ~o duly, promptly snd fully perform, d~xharge, axccute, effecL comple~e, comply ~v~th and ab.de by each a~d every ~hr stipulanons, agreemems, condiuont, snd covenann of aaid pranissory note and thls ; „orrgage any or ei~her, and sa:d costs, charges and expenses, each ar.d erery, shall be immediately due and psyable; whethe? w no~ the~e be ^ot'te d~ ~ nand, atlempt.to colletl w suit pe~~d~ng: and ~he full amo~nt of each and every such paymeN shall bear inferest from the date thereof un~il paid at the oi ~~+ne per ca~tum p~r annum; and ail saiJ costs. charges and ex;.e~~.ses ~rxu~red w paid, together w~th such interest, shall be secured by the lien of thif morigage. - b. That (a) in the e~ent of aoy breach of this /~lortgage or defau't on the part of the MORTGAGOR, w ib) in the event any of said sums of money herein referred to be not prort:ptly and fully pa~d wiihin thirty (30? da~s next aiter ~he same severally becane due and payable, withoul demand Or notice, er (c) in the event each and eve.y the ~tipulaticns, agreemems, condirions and covenants of sa:d promisso~y nofe and th~s mortga~e any or ei~her a~e not f:::y, promptly a~d Fulty pe~rformed, d.xharg~~d, exec~ted, effecred, co~npleted, comp:ied v.~~h and a~~ded 5y, then in eilher or eny wch event tfs sa:d ag ~regate avm mentioned-in said promissory note then ~emaining unpaid, with ir rre,t acu:,ed, and aU moneys setu~ed hereby, sh~l! betome due and pay- ro•e forthwith, or thereafter, at the op~:or+ of said h10RTGAGEE, as fully arc comp;etely a~ ii all of the said wms oi money were orgi~ally tGputated ro be paid on such day, anything ~n sa:d pro+n~ssory note or in this Mortgagr to thc tonTrary norw+~hstending; and theteupon or lhereafier at Ihe opuoa of s~ d MORTGAGEE, withovl ootice or den:and, s~it at iaw or in equety, the~efore or thereaiter begun, may be proucuted es if all moneys setvred hereby r„i matu~ed pnor to ds instit~hon, 7, TFat in the eveN fhat at tne be~inn:ng of or at any tirne pend+ng any su~t upo~ this Mortgage, or to fweclose it, or to reform it, or to enforce ;:~•:ent of any c~a:ms hereurder, sa~d MORTG~G[~ sF:a!t aFply to the Court`hayirg ~ur~sd,abn Ihe~eof for the appointment of • Reteiver, such-Court shaH i•r.,,,rh ap~.c~~t a rece~ver of said mortgaged pror~rty o11 ~nd sin3v:a+, inci~d:~~g a~~d s~:.gu~ar the income, profds, issues and revenues from~whate~er ,_•ce dar~vzd, «~~h and every of wh~ch, it be:ng csprrss'y undersurod, is h.e:eby n:orrgaged as if spec~ficaUy xt fwth and desuibed in iF?e g~anting and F; ~•~a~m c~auses hereof, and such Receiver shaii I~a.a aG the broad and effecr.ve funu:or.s a~d powers in anywise ero/usted by + Court to a Receiver, and s;h appoin±ment ihail bc made by such Court as ar, adciitted cyuity and a mauer of absolWe right to said MORTGAGEE, a~d witFwut reference to the a~:,.~u;cy or inadeqvacy u1 the value of the prope~~~r T~orrgaged ar te ~he so.ver.cy or insotvency oi sa:d MORTGAGOR a the defe~dants, and that duch ~s, prof~ts, inccme, issues and tevenues s1~a11 be app~~ed 'oy such Receiver accord~og tv the lien or equity of said MORiGAGEE and the practice o( such Court. 8. To d~!y, pronept:y and f~lly perform, d~s!harge, executr, ef(ect, compiete, camply with and abide by eath and every the stipulations, sgreements, ~~daians and ccvenann ~n sa.d promissxy ne:e a~id this mortgjge set torth. 9. Tf:at in the event rhe o~H~er:hip of thc morrgaqed pre:~~ses. or any part thcreof, beca*~es vested in a pe~son other than 1F~e MORiGAGOR, the :`RTGAGEc, irs succe:sors and assigns, may, w~:hovr nonce to tne thORiGAOR, d;ai witfi such successor or successor in interest with reference to this ~~~gage and the debt hereby secu~ed in the same manner as wi+h l.brtyagor w~thou? in any way vitiating w dixharging the Mortgagori liability herr dt•r a upon tke d~bt here6y sec~red. No sa:? of ~he Erem~ses hereby mortgaged and no forbearance on the part of the MORTGAGfE or its successors ~~;~gna end no extension of the time for rhe payn~e~~ of the d?bt he~eby secured g~ven by the NURTGAGEE or its sutcessors or auigra, shall operate ro~e~ease, d~scharge, modify change or afiect the or~gmal liau:l~ty of the M.ORTGAGOR herein, either in whole w in part. 10. It is specificaily agreed ~har time ie of the essence of tFis contract and thal no waiver of any ob~igation hereunder or of the oblgation sr ,~~ed h.reby afiafl at any time ~he~eatter be hefd ta be a waiaa~ of the terms hereot or of the instrument setured herby. 11 . In acid.~~o? to the foregG ~~g ~nonth!y paym_nts ol princ pai and interes~ ~equired by ~he promissory note secured hereby, mWtgagar tovenanTs d agrees to pay ro r-~ortgagee v.~fh each mon~hiy pay~nent an add~:~onal svm est~n ared by mocrg~ee to be equal to 1; 12 of the annuat cost of the follow- i ' ' I A-Ail real proparty sa,crs ~e~~ed o* assessc~i ag.~~• st tnc above desvihed rea~ esiate. I B-Ptar~ums on F~~e ar.d winds!o•~.. msurar:ce as i,ere~n n~q~:red tb ~be carr~ed e~~ the ~mproveme~ts situate on the above described premises. C-Pre~n~~~~~s o~ s~ch mxtg,ge g~ara~~ty msu•a~ ce as n:o~tyayee shaii .'reT t me To tnne deem fit to catry on the loan seCured re y. ~ ~ rlortgagee shai! !rom t+~ne to fime noirfy mo~tyagor in w~~t~ng of the mnou~t due and payable hereundrr a~d such sum shall thereupon be due ar.d ~ .61e on the due date of th= next mOnth:y payment and eath successive ~ro•~1h ti~ereafter until mortgagee shall notify mortgagor of a thange in such ~ •,;,nt. Such sums sha;t ~>e appi[ed by mortg yee roward the payment of real property taxes, inwrance prem:ums, and mortgage guaranty insurance ~ . ~'t'~IVT.S. . . IN Y~ITNES$ WNEREOF, tee said lAORTGtiGOR has hereunto set his hand and seai the day and year,~first sf esaid. S;gnec~ $e led and deli red in the presence of: ~ ~ ~ ~ ' ~ a~ ~ F o n ~ - ~ . v~- r u-'`'`'`'_ (Sealj ~ t.eona B. D~Los ier rs~.n : ~ oF ~ ^~~~fflf-~-'~ ~ ~f ss. :_,iU'JTY OF ~/L~/' ~ ~ Rloyd DeLOS~@I and Be(ore me personatly appeared Leona B ~-^Q i~Y his wife, to me well known and known to me to be individuals described in and who executed ehe fwegoing instrument, and acknowtedged btfore me that they exetuted the same for the purposes ` r~~~•e~n expressed. And the sai L~Ofla B• ~@LA81eY ~ r~;~e of the sa~d - RlOyd D@LOSler upon a xparate snd priwt~ e•e~~:nat~on by me taker. separate and apan from her said husband, acknowledged to and befwe me that she exetuted said instrument freely and volurr ar.d w~thout any compu~sion, constra~nt, apprehensy+on,~o/r~/fear of or from her said husband. ~ Y~IiNESS my hand and offlual seal this__-~_-' day of_ J`'~~~ A- ~9 74 - ~ ~ Notary Public in and ihe State of fie~ N iilfdt.. ~+t ~ My Commisiron ex . h~~ir~yj`.r v l'~.•' ~ ~ Retum Ta ~4~." 4.~C~ ' n - First Federal Savin gs a Loan Associat:o~ , r ~ r t• x ~ t 1 R A~ ' f J~r r ~Ni . • , v . . ~ • ~i Of fvri P~erce. r~~!-~. - • . . _ _ : ' _ ~ • ' .i Fort Pi2rce, F{orida My ~u.,;;~~ s_. ! ~F . ~t~: ~ :'0 t .tq . _ ~ : . . , a9~"~}' J ca . ~4 . . - : - . ~~1 ~ J. ' - aoE ~ g ' ~~-,ti;; t~t~'~ ~ ~ This Instrument Prepared ByJ. H. Roberts J f~LEp KEC~Y f~ , ~ . ~ FirsY Federal Savings & Loan Association C1~ ~3~M o f For t Pierce , R l o r i d a 3 3 4 5 0 sj~ a K 5 C OUat .~pry ~ CtE~ ~ , :1 _r~ ~ lS~~ r F _ aF 6 9 2' a~,~~ ~hecked By t 0 R BooK2~30 ~~E 517 ~ ~ _ _ ~ . ~ s_ ~ 4 = ~ ~;:a . _ .