HomeMy WebLinkAbout1053 To pl~n and co~ti~uously ktep on ths bui,d~np~ now a he~eaf~er tituste on said I~nd ar+d on aft equipment ~nd pe?son+tty covaed by thii mort~
sge, wi~h ai) premwms ~he+ea+ P+~d in fvll, t~~e insur~nce in the uswl ~iand~rd pvhcy fwm, in ~ fum n{~p~ptd~~^
~~R' ~C' MOR GAGEE s~m+1l
insu~Mt~ in IM uswl ~tanda~d po~~cY ~um, in ~ sum approred by tM MORTGAGF~E. in s~tlt c~anP+ Y tt •1~ ~um ~fOrOf~id W
d~rectj •and all fk~ and winditorm insuranct polic~es on any of ~aid build~nga, any inter~sl tF+erea? o~ part tM~~of, in th~ afly 9
in exces~ thsreof, thatl contain iM uswl uandud matgagce c!avse w such ofhe~ clause as tM Mw~~7+4N m+y requ~r~.- makinp ~tK tws unde~ sa~d poli~
c~es, each ~nd every, payab~~ ro wid N~ORTGAGEE as its i~terest may ~ppea~, a~x! each and eve~y ~uch po~~cy shall be prompNy ass 9~~ed ~nd dalivered to
eny held by sa~d MORTGAGEE as (ur~her sccurity to sa~d mortgaga debt, snd, no1 1eu ~han ten (10) days in sdvanct of ~he expi~~tion of e+ch poiky, to dr
iive~ lo said MORTGAGEE a r~newal thereaf, fogelher w~~h a tete~pt fo~ the premium of ~uch renewal; snd Iher~ sh~tl b~ ta I~n a wi^d~~am ins~rant~
pleced on ~ny of taid buildinps, any inte~est 1F+e~t~n w part thereof, uniest in tfie form end with 1M ~oss p+Y~ble +s aiores+id; +r+d in the event any sum .
cf money txco~~es p+Y+bk u~+d~r such polecy o~ polKies u~d MORiGAGEE ~MII Mvs tM op~ion ro ncaive and app1Y IM s+me on ~tta+M of 1he indebtad~ ,
ne» uc~r~d he~eby w ro permil aa~d AM1ORTGAGORS to reteive ~~d use it or any part ~hereof for othcr pur~wses, wi+hout th=reb/ waiving or unpair ,
iry~ any eq~ity, lien or righf u~+der w by virtue of this mo:ry+gr, +~+d i~ 1he event ~aid MORTGAGORS shall {w any raawn f~it fo keep the ss~d premitei w
~~?~red, w fail to de~ivor promptly ~ny of said po~~cies of insurantt to said MORivAGEE, w~ fail promptly fo p~y fully ~ny premium t!urefo~ o~ in +ny ~
.fF.rf. cemolata. tdnnlV w+Ih u~d abide by tFus cova~anr, w any part hereof, said MORTGAGEE maY p~~c j a~ -
...r-~'~: e..n _
pay fa wch insurance or +ny par~ ~he.eof wi~hw;t w~Fving a aiFecting ~ny ophon, t~en, equ~ty, w r~ym u~ue. :+r •:~~w :'.=~a=~`. .
t.,H ~mwnt of each and evsry iuch payment shall be immediately dua and peYable and shall baar interest from the date thereof~until paid at ti+e rate ol
n~ne per centum pa ennum and to~r~her with such imeresr shall be srcu~ed by t!x Gao of th~s mortgape.
4. To ptrmit, commit or suffe~ no was~e, in~pairment or deter~orat"an of said property w any part the~eof.
5. To pay aU and singulu the costs, charges and ezpenxs, ~nciud~rg a reasonabk attaney'~ fee snd coari of abstr~cts ~ fV"• ~ f
m, d~xh~r e.
e~y ~ime by sa~d MORiGAGfE, bewuse w~n the eve~t of tM laduro on the pan ot ~he sa~d MORTGAGOR to dulY. D~P Y Y~ 9
_,ecute, effed, complete, complY witfi and ab;de by each ar~d every the st~pulat~o~s, a9reements, taxlitions, and covenants of said promissay oote and this
,,,orfgage a~y w e~tFKr. and sa~d coats. ch~rges and expenxs. each and every. sha{I 6e immediately dve and payable: whether w no~ there F» no+ke d~
rnand, auempt w col:ect a wit pend~ng: and ~he futl amount of each and every auch payment shall bear intere~l fran ~he date thereof until p~id at tht
of nine per centum pa~r inuum; and aU sa~d cos~s, charg~s a~d eapenses incurred a pa~d, ~ogether w~th such imerest, shall b~ secured by th~ lien of Ihu
mortgage.
b. That (a) io the event of any lxeach oF this Mwtgage w default on tM pan of the lHORTGAGOR, or (b) in the eve^~ ~^Y of said swns of mon~y
he.et~ refer~ed to be ~ot promprly and f~lly paid within th~rty (30) days next after ~he same seve~ally become due and payable, without demand a notice.
or (cy ir? the event each and every~ ~he ~tipu~ations, sgreements, cond~tio~s and covenants of ~~d promisaory ~ot• and th~s mortqap~ My w e~~her are not
i,~;y. Promptly and fu{ly psrfwmed. d~xrwrgrd. executed, eifected, canp:ered. complied with and abided Sy, the.~ in either q any such e~rcnt ti?~ ia~d
ar~9ate wm menrioned in said promiuo~y note then remaining unpaid. w~th iroerr,t accrucd. +nd aH moneys secured Fx~eby, shall become due and pay-
ab~e fwlhwilh, or thereafter, ~t the eption of aa~d MORTGAGEE, as fulfy and complete~y a~ if a!1 0~ the w~d sums of mpney ware origin~lly st~pul~ted
ro be pa~d an such day, anything in sa:d p~an~sswy note or in fh~a tilortgs~e to tne co++trary no~wilhstanding; and tF~ereupo~+ or thcreafta at the option of
...~-.--.~-~s _,-c.~-_:. t-._-n ~...3.-~!. su,t 3t iaw or i{+ eauitv, therefwe w thereaftcr begun, may be prosetuled ~s if ~II moneya sacured hereby
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r._d matwed ptror fo ~ts institutwn.
7. That in the event that at the beyinnb+g of or at any t~me pe~d;ng any su~t upon ehis Mortgage, w to foreclose it, a to refam i1, a to en(wce
F~lmem of any cla~ms hereunder, said EdORTGAGEt sh~ll apply to the Court having ~urisdidinn the~eof tor the sppoiotmenf of a Receiver, such Cou~t sF+~ll
ic~~hw~th appoint a rece~Yer of said mort9ayed prope~ty a11 a~d s~r.gular, ind:,d~ng a.i and singular the incom~, prolits,_ issues aed rere~ves <<om whateve~
s,: u•ce derivcd, each and every of wh,ch, it be~ng rapresaly understooo, is t.ercby mwiyaged ~s if specifically sef fO~th and deau~bed-~n ~he 9~~ntinp and
Fa~~endum ciavses hereef, ar.d such Receiver shall have a~t the 6road and effecfive ionct~ons a~d powers in anywise enfrusted by ~a Court to a Receiver, and
appointment ~hail be made by such Court as an admitted equity ar.d a matter of absolute r'~gM to s+id MORTGAGEE, ~nd wilhoul reference to the
ac?equacy or ~nadequacy of the va:ue of Ihe property mongaged or to the so~vency or ~ insolvency of said MORTGAGOR or 1M defendants, and that such
rt ~+s, profin, income, iuues and revenues shalt be appiied by such Receiver accord.~g to the tirn o? equily of said N10RTGAGEE and the ptactice of such
Colirt.
8. To duly, promptty and i~liy perform, d~scha+ge, execute, efietl, completc, camply with ~nd abide by Nch a~d ewry 1he stipulations, ~greements,
__:~ditions and covenanrs in sa~d pran+sswy note and this mnrtgage set forth. _
9. Thet in the event the ownership of the mortgaged premises, w any part lhereoF, becomes vesfed in • persw~ other than the 1NORiGAGOR, the
:c^RTGAGEE, its successors and au+g~s, may, w::hoo+ ncnce to tbe N,ORTGAOR, deat with such succeuor o? successor in interost with ?eference to this
~-:orr9age and the d~bf here4y secured in iht same manner as w~th Mortgago~ withaul in any wry vitiating w disch~rging the Mortgegura' li~bility Fxra
:..~de~ or uQ.x+ the debt F~reby secu~ed. IVo safe of fhe prem~ses hereby mortgaged and oo forbearance on the part ol the .AhORTGAGEE ot its sucteuors
o+ assigns and no eztens+on of the tirt+e for the payment of the deb+ hereby secured g~ven by lhe AAORTGAGEE w its svttessws or ass~gns. shs~) operafe
;o release, dach+r9e, n+od:fy change o? affect the original liaoi:ny of the MORTGAGOR txrein, either in who:e a in p~?t.
10. It i: ipec~fKally ag+eed ~har t~me is of tfie essence of thq cornraa and shat no waiver of ury oblgatan hereunder or of t1» oblig~tiw~ se-
cvred hereby shall at any time thereafter be held to be a waivcr of the terms hereof or of the insirumeot setured herby.
11. In acid.~~cn to fhe ferego:ng r,r6nnrT-~a~sn=nts of pr~:,c pat and interest rrqu~red by the promissory note srcured hereby, morlgagor tovenants
e~d agrees 1o pay ~o mortgagee v~i+h each momhly payrnem an add~~~onal sum essimated by mo?tgagee fo be equal to 1%12 of the annual tost of the follow-
, ,g: .
' A-All reaf. propertv taxes tev~ed or assessed ageinst the above described real estare.
~ B-Pr~niums on fire and windstorm ~r.surar.tc as nerc+n rcqu:red to be carried on the improvert?enb situate oe the above desuibed p~emisls.
~ C-Prem~~ms on such ma?gage yuaranty ]esura~.ce as mortgagee shall fro:n t:me to t~~ne deem fit to carry on the ban secured hereby.
` Mortgagee sha~t from timr to time notify mortgagor wrmng of the amo~nt d~e and payable hereunder and such sum shall thereupon be due and
~;able o~ the d~e date of the r+axt monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagor o~ a change in such
~ ,cvnt. Suth sums sRail be apptied 'by mortgagae toward the payment of real property ta:es, insurance prem:ums, and mortgage guaranty insurance
: •e+nwms.
~ IN YItTNESS 1NHEREOf, the sa~d MORTGAGOR has hereu~ro set his hand and sea~ the day and year first ~foresaid.
¢ , Ses! ~nd delivered in the presence o(:
aq
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_ ~ _ , % ~ ~ss--oC-~ q
_ 1@ . 1C O
5 ~ %.TE OF FLORIDA - ~
SS.
CJUtJTY OF ~-~1@
Before me personail~ appeared _ T}10i0d5 ~ Richmond ~~d
7gCk~e B RiChmOrid ' his wile, to me well known and known to me to be
individuals described in and who executed the fwegang i~strument, and acknowledged befwe me thst they executed fhe same fw the p~rposes
t~•e*ein expresxd. And the said Jackie B• R ichmond '
~ ;,:fe of ~he ssid ~101fdS E• R1Ct1IDOT1d ~ vpon a sepsrate aod priv~t~
e=am;nat~on by me taken separa?e and apart from her uid husband, scknowledged to and before me that she executed sa~d insttument freely and volurr
re-~~y and without any compulsion, co~straint, apprehens~on, fear of w from he~ said husband.
~ WITNESS my hand and o(fic:al seal th~~_ day of A D. 19 74
~
N sry Public in and fw t Stat~ of flori , at~
Commiu'wn e:pires• ~ g ~ .
~ Retum io: s.'~:i~iiSll
E.. . • •
~ first Federsl Savings a Loan Associat~on ~~~6 •`.1r^'-~ b'~~~4~?
~'~-J_ ~1 i~.
Of Fort P~erce. , J=; V' ~i
, Fo~t Pierce. Flwida ' ~ ' • ~L~.1~'
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~ ~ Pt-~`1 7 t
uG'~~; °~U,3a?~~1i- ~~r'~~_~
p~Z,~ti r ~
- This Instrument Prepared By GAry F. Ellwoo~ yuti COV~T db• v~: r
~ First Federal Savings b Loan Association ~ ~ E ; ti. ~ O l+
l;y
t~
~F~~~^'ti.` ~ ,
9 ,
of F o r t P ierc
e s F lor i d3 t'~ ~ •'.~`i:~~ .a
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A~ ~ ~O ;,`I~1 It~~'~,•,
~ Checked By
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~ E~RK230 PAGE1053
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