HomeMy WebLinkAbout0519 i
. ~
3. To p~ace and cominuously ke:p on ~Re bc~'d~~~gi no« w he~ea•`ter sit~ate on s.,id ~a:id and on all equiprenl and penona~ly cove~ed by this mong-
sge, w~th all premium~ thereon pa:d m Iwl, bre ir.eura~ur m tne utv.+l s!a~vJa~J po!kY ~orm, in • sum approved b~ the MGR~GAGEE, and wlndsro~m
~nsuranc~ in ~M uswl standard po~~cy iu~n. + sum sppro+ed by the MORTGAGEE, suth tomp+oy o~ co~W^~es >he l~IORiGAGEE may
d,rect; and all fir~ and w~ndatorm insu~ance poi~urs on a~~y of aa~d bu~td.ngs. ~ny inte~est therein or p~rt ~hereof, i~ ths agqregate wm atoreuid w ~
~n excess ~hrreof, sl~all comain the usuj~ s~endard mw~g ~gee ciause or such o~her c~a~is as the blortgagee may reqwre, ma?ing ~he loss uneler ~a~d po~r
c~rs, each and every, p+~ab'e ro said MOR1GAuEE as +ta ~r.~~r~~st n~ay appear, and e~•ch a~~d eve~y such poi~cy ~hall be prompTly assg~~ed and detive~ed ~o ` ~
enr held by sa~d h10RIGAGEE as funher secur~ty ~o sa~d n:or~yaga debt, and, not :css +i~an ~e~ (10) dsys in advance of the exp~ra~~w~ 01 each pobcy, to de-
I.ver to said MORTC~AGEE a renewa! thereof, together with a rete~pt for the prem~um ol such renewal; and there shall be no f:re or winds~on» insurance
p!eced on sny oi u~d buiid~ngs, any imere~t the~ein w ps~~ there;of, ~n'ess in ~ho fo~m a~d w~th ~he ~ou paya~le as aforesaid; and in the ertnt any wm
of monly kxcomes p+Y~bfe undei such policy w Dol:cies sa:d M02TGAGEE sha{I have ~he oyt.on to ~eceivs and appty the same o~ acca+M o( the indrbted-
nris secu~ed hereby or t~ pe~m~t sa~d MORTGAGORS to receire and use it a a~y F:~rt +he:~of lor oehe~ 4urposrs, v+•~hout ~he~ryr v.:+.~•~3 0~ y
ing any eqv~ty, lie~ or righ~ undrr or by virtue of this ~no:!gage; a~d in the event sa'd M~RTGAGORS shall for any reason fail to keep It0.~s:d p~emises ao
~nsured, or Fail to detive~ p~omptly any of sa~d pol,ues of insurance to aa:d MOR:GAGEE, or fa~! paomptly to pay fu1;y any pre~mum lhcrefor w~n any "
.escect Iail to per(wm, d~stharge, eaecute, effect, co~+~p:ete, to:r.pt~ w~~h and a5~de by th~a tove~ant, w any parf hereof, said A10RTGAGEE may place a~~d f
.....L. ni ~h~~ Mortaaae. ~nd the
pa~ (or suth insurance or any part thertot w~tnou~ we~vu~y w o~~c.:~=.y u..~ -y-: ~ ~
! amount o1 e~ch and every such payment shall be ~~~med~ately d:,e a~~d Par.+t~~z end ~shali bear interest {rom 1he date thereof until paid at the rate o~
c pcr cenr~rn per ar.num ,+nd to~riF•er .vith su:h ~n~r~•:e~ sh~l~ e.a s~~.~:cd i~y tne i:en oF lh~s mortyage.
4. To pe~ni+t, tommil w suffer no was~e, +~j~Piirmrnt Ot de!r~~oralicn of a~~d pr~perty q eny part thereof.
5. To pay all and s~~gular ~he costs, charges and expens.:s, ~nclud~~~y a re~souabie attorney's fce ana costs of abstracts of title, incurred or pa~d af
~ny iime by sa~d MORTGAGEf, because er in fhe event oF ~h^ fa~iure on ~ha p.~n of ~he sa!d N~URiGAGOR lo duly, p~omp?ly and f~lly periorm, dncharge,
_,~~~wte, effe~t, complete, comply wdh and ab.de by each and every ihe st~Fu'anons, a9ree~~ents, condihons, and covenants of soid praniswry note and thi~
,,,;ngage any w e~~he~, and sa d cosss, char~es er.d expennes, each and evarY, sha~i be immrd~ately doe and payable; whe~her w not there br not;ce dr
~-~a-~d, attempt to co:lect or wit pend:ng; and the fu11 amou~t of each and every wih p~Yment shall bea~ interest from ~he date thereot u~til paid ~1 the
. o~ n~ne per centum }rr a~i~:u:n, a~uu a? sa.d ws's c'r~a~g~s and ~a;:~~~ses ~rcu~red a pa~J, togrther w~th such imerest, shail be setured by the lien o1 th~~
mottgdge.
6. Thal (a} in the event of any brrach o( ~his 1'Ao+tgage or defa~!t on fhe p~rt ef the MOATGAGOR, o~ (b) in the event eny of snid sums of mo~ey
h<~e~n referrrd to be not promptly a~d iuily pa~d wit;~:n th,rty i30i d3ys nex~ a•r.;r the aame sevmat:y Ixcome due and payable, without demand o~ nolice.
ic) in tAe event each and every the SLpu~ationS, ag+re~nent3 Cor.d,:;o~~s and covena~~s ot sa•d prom~uory note and th~s mortgage any or e~ther are not
±,'t. Fromptly and iu::y pertormed. d.scha•g•_d. a~rc~ted. eftecred, Co~np:eted. co~^pt.ed n~+h and a~~~ded 5y. then i~ enher a any such event the uid ag +
~ate sum menNOned in said promissory rwte then re~:~ain~ng wt~,~~d, w:fh ~ntr~rst ~cc~urd. and a~l moneys ietured hereby, shall become due and pay-
fonhwith, or thereatier, at the epr~on o~ sa.d h'.GRiGi.GEE, as iu :y a~x1 co~~~p'ct~~ly as ii a~l of ~?.e said sums of money were ong~nal~y slipulated
,c be ~+a:d oo such c!~y, anything in S3•d Ffp~tldsory ~ore or ~n tt~is h~orfgage to the cu~:~ra~y notwithstand„~g; and thereupon or thereafte~ at the opuon oi
1,10RTGAGEE, w,~hovt nof~ce o~ de~nand, s~it a~ law cr in C.~u~Ty, fF1C~Cip~C or +h~r~aiier begun, may be prosecuted as if all moneys secured hereby
r:_ci neeWr¢~ pnOt t0 +15 +~StLtuhOn. .
7_ Tha~ +n the elent tF~a~ at the bF9~r.~~~'.g uf or at any t:rne pe~~d~~ 9 a~y sua vy:cn thes Mo~tgage, or to foreclose it, or to reform it, or to enforce
,.:^ent of a~y c~:,ns he~ev~•der, said :lOQ~v~v;t s',a'1 eFp'.y to t~e C~..~~ h.,.~ng ,ur•sd.u~on ~nereof for ~he appo~ntment oi a Receiver, such Cour1 shall
, .;,•h aEpo~~t a rc.c~.ar oi sa~d .~^~~!g<~rd ~.o:.. •t~ aiI a~id s.~:gwar, :r.c,,,.~ r:g a~~:~v~ar the ~nconu, protits, issues and revenues f~om whate~er
ce der~ved. e~th a.~d every of :ti:..ch, ~t c~~^y rKUr.ns ~ ur.oe~s,co:i h%.ere:+y tec~7ge3rd as if spec~fically set forth and dexribed in the grenting and
_•~r.d~m uavses hereof, a~d s~~c!~ Rrce~.e• si~'ai~ i~a.e a~i :he t:r.:ad a~~cf eT:ec+:vr fv~:~ c:n ar,d powas in anywise entrusted by s Cou~t to a Receive~, and
s.r~ appcintme ~r sf: be ~r.a~ie hy Si th C7
~~s as a•, ~d:^=!!t~ eq~~'y a~~d a r a~:rr ui roso~ute right to said MOR~GAGEE, and witMut reference to the
a;;,-a_,cy er inadeqvxy o! ~':e va:~e of fhe p-oper~y rorrgaged or te rhe s, :e:~:y w~: so:.ency of said MORiGAGOR or the defendants, and ihat such
.••.•s p~o(~ts, i~xo+•R, +ss.:es a~d reve.^.~es s~s.~i: be app~•ed cy s~<n R.c~~+e~ a,.~~::~ .g +o ~he lien w equ~ty of said MORTGAGEE and the prectice of such
Cc~ rr.
8. To d~:y, prompt:y'and ~u~'y Fer'.o•r~., d~xharge, exe::,!e, ejfer+, co~*.ptetr, ca~~~p'i w~th and abide by each and every the stipulations, agreemeMS,
_~~d }~ens and eovenanes ~ sa~d proT~~ssory ~~er? ar.d :n:s ^•:.<<~3~e set forth.
9. That i~ tne e,~e~~t the Ownr:shi~ of ~h~ ~:cr:ysgrd pre~•.ses, o. a~y F~<< thereof, becomes vested in a perwn other than the MORTGAGOR, the
::R'G~vEc, i!s su:c•_sssn a~:d ~ss:gns: ray, w:ho:t nC.!C., tp r.e \!vRT~~~R, deal w~tn wch successor or wccessor in interesl with reference to this
•~•~gage ar.d the d_b~ hr.eby 1~:_~ed in the some n~a•:r.r~ as v:~'h I.'.ortya3o+ w~r~o~t in any way vitiating Or d~uharging the Mortgagors' liability hert
~,rr or upon t},e debt hereuy s:wred No sal-- oi t!:e F~~ :~ses h.~~r~~ ~nwtg~ged a~d no forbearanee o~ the part of the MORTGAGEE w its successors
esr3r.s and r.o e~!ers:o~ of tne !~~ne to• !~~e ~:oy~rrnt ci ~se d_b' h,reby secur~•d g~arn by Ihe MORTGAGFE or its successors W auigns, ahall operote
•o r_ case. d~scharge. mr,ci~fy chan3e or at~ect sne o•~g~:. , r f oi ~he 4,CRiGAGOR here~n, either in whole or in part.
10_ It ~s spec f~ca+ty ag.red ffias t~~r.e ~s of the ess~~~•:e of th:s con'ract and that rto waiver o( any obligat~oa hereunsier or of the obligatan st
__red hereby sna:: at any tirt~e therea`ter t•e t.~:d to be a wa~~~~ of the !erms hercof or of the iratrumeM secured Fxrby.
l t. In ~:~d.rto, ru +he fo-ee~c".,q ~~o::~~,' f ca•f-~:_ nfs of p-~: ;:,ai and ~ TtlES• .~.d by the prom zsory no!e secured hereby. mortgagor covenants
~ d ag-ees to pay ro r*ortgagee v.~+h _a~~. ~ror~h y ra,~ ~r„~ an a;::i ~•o~a` sv~~ es• ~ a•ad b/ mortg3gee to be eq~al to 1; 12 of the annual cost oi the follow-
I{ ' a--ai~ real Froperty tax2s !ev~~ : or dSSe3~vG ag::• sr 1lli a:JO~B QCSC~~~'Jtd r~a1 ea~.,~e.
I B- F:_~'.•u ns on ',~re ar.d •..~r~ds~o~ r.r~s~~a~~e as ~~e~••~n r; G_ rrd b~ ca:r;~d c~ the ~~^::roveme~ts s~tvate on the above described premises.
i
F C-P~e:nw~. s on s~ch mo•r~-g.: g_~a.-.:ty ~rs~-r -P as :r.o•• ~~;eF s~~,~ frcT r n:e !a t;.ne deem tit to catry o~ the loao secured hereby.
~ 1~'o•~ga9ee s'+a:! i•o:n r~~oe to +~^-e ~ot=f . mo•?gagcr m ve-.!~~g of +he a•ro.,~t d: e and payable hereunder and s~ch wm shall thereupon be due and
~ :6`e o~ thr d~e c~te cf ~h= ~e.+ ~~:or'^.r Pay:,`^_^! aad e_c'~ s.tcessive ^.o th !;,e•eah=+ urail mortgagee sF.all nohfy mortgagor of a change in such
;:,~t. Such s~.+rs s~a i ~e a~:;•••ed ay '^o'!9a9~'.' 'o~•~`=-' 'he uayn~ent of re31 prope-ty taxes, ir.surance prem.ums, a~~d mortgage guaranty insurance
~ , _'-~'U.TS. . ' ~
IN 1:ITNi55 :'4HER~Of, tne sa d!r~}FIG:.GCR has i.ere~~ !o se• h~s ha~:d and seat rhe da and ye r fir foresaid.
~ Signed. Seated ar.d deEivered ~n the pr^sence of: ~ ~ _
: ~F ~ - -ff . ,t .tr_ ¢ 7l ' . _ . ` `2- Seal)
~ - - - - Jo n W. Glento _ - ,q
1-- 1 C__
~ ~ ` / ~K ~ ~ `.lM~~
, _ _ ne W. Glentore ~~aR
_ T"c OF FtORIDA ~ ~
u-
. '.~':TY OF ~l~le 1
John W. Glent cn
Befc~e me personaliy epFezred _
J11lIQ VII. Glenton his wife, to me welf known and known to me to be
; indwiduals desuibed in aruJ who executed the f~regoing instrume~t, and a:know~edged before me that they executed the same fw the purposes
~ ~-e~e~n expressed. And the said JUne W. Glenton
. e of ihe safd John W Glenton o~ a xparate and private
' .~~nation by me ta~cen separate and apart from her sa~d husband, acknawledged to and before me that she executed said instrument freely and volurr
•.i and w:thoit any compu:sion, constraint, appreher.s+on, or fear of a fra~n her sa~d husband. ~1 74
23ZC~ y A. D. 19
- WISNESS my ha~d ard offiGa~ seal th:s_ day of-- .
.
ri~
~ Notary Public in a w tt St;te of F ida ~t Large
My Commission expires: AI _ ,!//f~"
~ ~ ~ i
Reium To:
F:nt Federal Sarir.~s 3 lo3n Asscc;at.on '
"J'.R ~ . .
~ Qf LUfT r~~c:Ci'. ,..~f~~/a;~, ' .
Fo.~ P~.~.ce. eio-~dd ,.,w~~ ~t~ :iADEO ~1 r/. .''C
~ f~.L.liC '-~b1Y ilA• i.. r.,
~u~- ~sus ~ s
k r, , -
~~=t ~ :V;' GOURZ - .i; 6I ! . ~j
~ This Instrument Prepared By John W. Collins ~t':f~f' "
f~1' ~ ~ ~
~ First Federal Savings 8 Loan Assouation ~Y ~f ~ ' ~ ` - - .
~ of Fort Pierce , Fla'ida VN, 4 H '~1~ ~ r c.~'
K~ - s F. ~
~ Checked By
c~ `~r8'7866 j s
BGOK ~GJ~ PAGE 5i9
~
~ - - ~
~~s. ~ ~ ~ _ ~