HomeMy WebLinkAbout0624 9. To plsc~ +nd continuousiy keep on the b~i!dings now or heree(~er ~ituate on sa~d land and on ell eq~ip~nent and perio+u~~y tovered by thif mot~~
ege, wi~h all premiums thereon pald in 1u11, fue i~suranca ~n Ihe ~sual standard policy form, fn a ~um ~p~oved by the MORIGAGEf, a~~d windstam _ _
~nsurance in the usual sfanda~d pol~cy ionn, in a su~n appruved by the MORTGAGEE, +uch c«+~pany w~o~+~+~~es +s ~he MORTGAGEE m+y
d~rec~; and all firs and wiodstorm insuronca pol~ue• on any of sald b.i~ld~r+gs, any interast the~ein or pa~t therso(, io Ih~ agflreyate avm aforesaid w '
in excess Iheroof, shall coMUn ths ~sual standard morlgagee dause or such oiher cla~se as the Ma~gagee maY fQ(~1i~f0~ ma?ir~ 1he los~ unde? ia~d po~i r,
c~es, eath and e~cry. peYabte to ~aid MORIGAGEE as ~ts i~~terrst may appear, and each and every such po!~cy shall be promptly ss~gned and deGvercd ~o
eny he~d by said MORTGAGEE ~s further security 1o s~id mwtgage debt, aod, not less than ten l10) days in advance of the eapuation of esch poGCy, to da
I~.•er Io uid MORTGAGEE a renewa~ thereof, togt~he~ with a rece~pt fw the pramium of svch renewal; and there shall be no fae or wi~~dstorm in~uranc~
placed on a~y of said buildingf, any interest tfie~ein or part thereof, unless in rhe form and wiih tl,e lou payable as a(aeaaid; and in ?he event any sum
ot mon~y becon+es pavable unde? ~uch policy o~ po~iues sdid MORTGAGEE shall have ~he opt~on to receive and app~y the same o~ accoum of tF?e indabted~ ,
ness secured hareby or ro permit aald MORTGAGORS to receiva and use it or any pa~i u~•-reof lo~ othcr p~r~.oses, r~:~hout thr~cb~ .vawing o~ ~~npa+r- _
ing any equity, lien w righl under w by virtue of thi~ mor!~age; and in tha evenl sa:d MORTGAGOR~ shall fw sny reason fail to keep the ~sid premisca so
insu~ed, or feil to deliver pranptly any of said pol~cies of inswance to seid MGRTGAGEE, or fail promptly fo pay fulty any p.emium therofo~ w in any
respect fail to perfo~m, d~scharge, eaecute, efted, complete, co~nply w~~h and ab~de by th~s cove~ant, a any par~ hrreof, aa~d MORT3AGEE may p?sce and
p,y for such insurance a any part thereof w~thout waiving or afiecti~~g +ny option, lien, equity, o? r~ght under w by vir~ue of this Mortgsgs, and the
..i ~..w .~«v ~uch oavment ahall be immediately due and payable and shal{ bes~ interesl irom ths date thereof vntii pa~d at the rote ol
~-~••e pa~ ce~wm pa~ annum and togr~he~ ~n•ith such interest shat~ be securetl uy tne ~~en or in~s mor~yeyr.
4. To permit, tammit w suffer no waste, in,pair~xnt or dete~iaration of aaid property w any part the~rof.
5. To pay all a~d singular the coa~s, charges artd ezpenses, ~nclud~ng a reasonable anwney i fee and coits of abstrac~t o( titis, inc~rred o? p~id a~
any time by sa~d MOR1GAGfE, becavse a in the eve~t of the iailurr on the part of the said MORTGAGOR to duly, promp?ly and fully perfwm, discharge,
execute, e~fca, complete, comply wnh and ab.de by each and e~ery the stip~!a~~ons, agreen,ents, conditia+a, and covenants oi said promiiwry note and this
,,,errgage any o? either, and sa~d costs, cha.ges and expenses, each and every, ahail be immed~ately due and payable; wFxther w not there be notice d~
n,and, a~~emp1 to coilect or suit pend~ng; snd the full am.~unt of each and svery auch payment shall bea~ interest from Ihe date thereoi until paid at the
,r~• of r.ine per cenrum per arnum; and a!t said cosis, cha~ge: and cxpenses ~ncu~:ed w paid, tc,gather w~th such interest, shafl be secured by the lien of this
mert~jg0.
6. That (a) i~ ihe event of any breath of ihis Mortgage w defavh on the part of the MORTGAGOR, or (b) in 1he event any of said svms of money
nerein referred to be not promptly and fully paid v~i+hin th~rty (30) days ~ent sircr the same severally beto+ne dve snd payable, wi~hout demand or nohce•
or (c) in the event each and every the slipu~at+ans, agreements, conditions and covenants of sa.d ptomissory note a~d th~s mwtgsge a~y w either are nol
~uly, prompdy and f~tly performed, d:xharged, exec~ted, effedrd, cwnpleted, compfied with'anu ab~ded Sy, then in either w any such evem the sa~d ag
3•~~gate sum mentioned in said prwnissory note then remaining unpaid, with inte•est accrued, and al~ moneys secured hereby;.sha~l betane due and pay-
ao.e forthwith, or thereafter, at the opT~on of said MOR7GAGEE, as fully and compietety as if a~l oi the said sumi of money were ong~na~~y s~~Pu~sted
ro be pa~d on such day, anythir.g in sa:d prcm~:swy note or irs this Mo~tgagr to the ccntrary notwi~hstanding; and thereupon or thereafter a1 the option of
s:~.d MORTGAGEE, without notice or demand, suit a1 law or i~ equity, ~herefore o~ Ihereaher begun, may be prosecuted ss if all moneys ~etured hereby
n_d matured pr~w to ~ts institution.
7. That in the event ~hat at thr begi~n~rn} of w a~ any t~me pendinq a.^.y su:! upon this Mwtgrge, w to foreclose if, or to reiwm it, w to enforce
F.~,rnent of any daims hereundzr, said :UIQRTGAG~t shatl apply to the Cowt !,a,+~ng ~~:~sd;ctio~ the~eof for the sppoiMment of ~ Receiver, such Covr1 shall
.~•~,wiTh appo~nt a recei~er e+ said morfgay~d pro?r~ty alI and singular, inct~~d~ng ai! and s~ngu~arthe income, profAS, issues a~d revenves from whatever
s. .,•ce derived. each and rvery af wh::n, n be~~:g expressly under3t~xi~. is hereby morf~aged as if speufically xt forth an:! desuibed in the gran?in~ and
h.~i~rndum da~ses hereof, and such Receiver ~hat{ Ft3v2 all the broad and etfect~ve f~ncr:ons and powrrs in anyw~se entrusted by a Court to ~ Receiver, and
s_;h appoint~r:ent shall t>e made by soch Co~+t as an admined equity and a ma~ter of absoluta rigM to said MORTGAGEE, and without ~eierence to the
Ad~quac~r or inadequacy o~ tF.e vaiue of tfie p+operry mortgoged w to the io.vency or ~nsolvency o( sa~d /~IORTGAGOR a the deiendants, and that such
-:~i, prolits, income, iuues and rever.~es sha{I be appi~ed by such Receiver ac.ordhig to ~he lien or equity ol said MORTGAGEE and the practice of auch
Court.
8. To duty, p~omptly and fully pe.fo~m, dis:harge, exe:ute, effect, com.p}ete, co^~oty with and abide by each and every the stipulations, agreements,
;onditions and covenants ~n sa~d ptom~ssory no:e and ih~s mortgage set for~h.
9. That in the event the ownership of the morrgaged premises, or any part thereof, becomes vested i~ a person otlx~ thsn the NIORTGAGOR, the
.-~RTGAGEE, its successors and aasigns, may, vrithout norlce to the A~ORTGA~R, deal wi~h such succeuw w successw in interest with reference to this
~•tgage a~d the debt hrreby sec~red in the same manner as w~~h hlortgagor w~thuut in any way vit~ating w dixharging the Nbrtgagori liability F?era
„~~uer w upm the drbt hcreby sec~red. No saie of the premfses hereby mortgaged and no forbearante on the part o( the MORiGAGEE a its sutcesson
c• nss~gns and no extens~on of the time for the payment of the debt hereby secured gT++er, by the MORTGAGEE or its auccessors o~ au~gns, ahall operate
ro re~rase, d.scharge, modify change or affect the original iiab~l~ry of The N.ORTGAGOR herein, either io wholr or in part.
10. It is speufically ag.eed that time is of the esunce of this tontract a~d that no waiver oi any obligation hereunder or of the obligaYa~ se-
c~:~ed harcby shatl nt any time thereairer be he!d ro be a v~airer of the terma hereof or of the inslrumero secured herby.
11. Ir. ad~:t.o~ to the forego' ~g monr!,'y paymertts of pr~ac pa` and interes~ requ~red by the prom~swry note s:~cured hereby, mortgagor minants
^ d ag~~es !o pay to mortgagee vc~:h each n,onthiy pay~,.ent an odd::~onal sum zs~:n:ared by mongagee to be eq~at to 1,/12 of the annual cost of the follow-
A-All real prope~ty taxes ievied or assesscd aga~~st tno above desc~ibed real essate.
B- Frcm:ums nn ~~re and w~r.dsso+m inwraccz a: here;n n-~q.,:rec3 ro be ca~ned on ahe imp~oveme~ts situate on the above described premises.
C-P(E!TVUR~S on wch mort~age gvaranty insura~,ce as mortgjgee shaN fro~r• t~mc to time deem fit to carry on the ban setured hereby. -
~ Mo~~gagae shail from ~~me to fime nor+f,r mo~tydgor :n wr~r~ng of the a~~,ounf duc and payable hereunder and such sum shafl thereupon be due and
j ,,.at;!e on thc due date of ~he Rrx+ month:y payment and each success~ve month thereafter us~til martgagee shafl notify mortgagor of a change in such
E ount_ Such sums sha~i be a plied 6y mortgagae ~oward the payment of rea! prope~ty taxes, insurartce prem.ums, and mortgage guaranty inwrance
` ;..~,~iiums. _ .
' IN 1M1/ITNESS tiYHER" F, th id MORTGAGCft has here~nto set h~z har.d and seal the da and ear first aforesaid.
~ d ~ er presence of:
. sq
~ . J aes H. Bl to ~,q
2 . L ' ~ ` v~ , ~ Sea1)
Martha L." Blanton ~~,q
- --r----
S"ATE OF FLORIDA ~ ) '
St. Lucie ~
~ ._..;c-~rY oF
Betore me personally appeared Jaaes H. Blanton ~
Martha t- - Bl n tOS his wife, to me well known and known to me fo bs
indi~iduals described in and wno executed the foregoing instrument, and acknowSedged before me that they executed the same for the purpous
rherein expressed. And the said_ ~Yt~ L BLantOll -
+:~'e of rhe sa~d .lames H Blantan - upon + separst~ and privat~
~ f.3m~nat~on by me taken separate and apart from her said husband, atknowledged to and before me that she executed said instrument freely and volun-
a•~~y and wrthout any compu~sion, constraint, pprehe ~on, or fear of or fram her ~d sband.
~ ~YITNESS my hand and off~cial seal th~ day of A. D: 19 74
- ~i~-t. .~C ~~E ~ "/J
~ ~ Notar Pub~ic in and for the 5 ate of F{w' a at Lar
~ ` My ommisian expires: / /
f~=:
~ Return 70: i~ ,j 9 /f~
F~rst federal Savings 3 loan Associat:on ~ ~
ai Of Fort P~erce. . ~~~d ~ • ` = .
~ , Ey ..~,~„~~i~iiJiaj~~
~r fort Pierce. Flor;da f~L~ ~ ~j~ }~:I~~Y ~r. • ,+'r
~i ~~.l1iC -~A~ ~ ~~4`~:i.~t~ r'r.~,`}:
R(.t.. ~ ~Q1)at _ ' .
. ~ r .
~ ClE . ~.?.t_ J, ~ . N . X~'~.
F ~C. e. •,'.~..~r t~±.'~~~ . .r f,~':
~ This Instrument Prepared By J~ H. RobeYts Jr. . ~N~~1~ :~;3 '
First Federal Savings & loan Associatiorr ji~ a 1~
,~y~. - .
~ of Fort Pierce , Florida 33450 ~ '
;~~'7~50 = , _
Checked By ~'~,,,If~:, r, r.'~i
f-,,
r gooK 230 rA~ 624
r ~j,
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