HomeMy WebLinkAbout0777 To ptacv and continuovsly keep on tM buiidinys rww w he.saftN situe~~ on tiord 1~.?d ud on all c~~~prnen~ and p~rw~+~ly covaad bY this morq-
ege. with a~) premiums lhereo~ pa.d +n fw14 f~re insw.nc~ in tM ~~u~i ~~uid~rd po~icv lonn. in ~ sw* +pProvN! b~ the MORiGAvtE. and w%nd~ta~n
;nw~~ac~ i~~ s!w vswl s+and+rd polw~y form, in • aum op~xovad by ~M MORTGAGiE. in wc6 tompanv cv tomp+n~s as tM~ MvRiGAGEE rn+y
•d~rca; and all f'a~ aa~ w.nduorm insu~a„c~ polK~rs on any ol sa~d bu~;d,r~gs. ~ny inlNlSt f~lfrfM 0.' QMt tAQ~tlOI, 4+ th~ +99«9+t~ w'^ ~faasaid w E
:n eac~u IF~srw/. shall con~ain ~h~ u:w~ st~ndud mo.~g~aa c!aus~ a ivcA oihr. clwse u tM Mor~yagM may :pvw~. n?+kinp ~M to~s v~~de~ sad po~i~ 1
c~as, e~ch snJ evcry. paYable to w~d AAORiGAGEE as ~ts intc~rsl may ai~psa+, a~r! each and evc~y suci? poi~cy shaN M p~wr.pdy ass pncd and dt~~~red te
eny held by soiJ MQRiGAGEE u(urtht~ stcu~~ty Io wid ~nat~age ~bt, u,d, not !cu tnor? ~e~ t10) da~s in ad+ance ot ~hs ea.p'u~~wn of !KM POIKJ. ~o da
I:ver ~o said MORiGAGfE a ~enewal thereot, ~ogc~ha w~th a rece~p~ for ~ha p.+N~~~u~n of tuch rs~ew~~; u+d ~hsYe th+il b~ no f:+t w o+~~ds~a~^ ~^swanc~ ,
p~eced on ~ny of sa~d buildings. any inte~ett there~n a p+r~ ~hereof, uniess in ~t~e to.m and wi~h ~I.~r loss payabk as ata~s~id: ~nd in ~he •vent say tw~
of monty becomes payab~e vnda sucfi policy a po:~ues sa%d MORiGAGEE shsll Mv~ the opt~on to rec~~v~ y+d a~ly the sM*~t on +ctoum ol ~F.~ indebted~
neas secured heraby w ro pamit w~d MORIGAGURS ro rcceiw a~~d use it a~ny part eh-reof for m~e~ purposrs. .v~~hout ~hr~eo~ wa~~~~~~ er ~*:~Pi+~-
~ng a~y equity, lien or r~qh~ undK a bY virtue of th~~ mo:t9aps; ~nd in the event s+~d MORTGAGORS shall fo~ any ~eawn iail to kerp ~he s~~d Prtn+ises so r. . i
~-,wrrd, or (ail to dctiver promptly ~oY of said poi~c;es of insura~c~ W sa~d N10RTC-AGEE, or fail promptly ro pay fvllr ae~y premiwn ~he~+for p in ar+Y ;
rr~pe~t tait b pe~(wm, d~scharge, execute, t~tect, canptrte, co~nply wi?h and ab~de by tnis covenan~, or any part hrreof, u~d MORTGAf,fE i++ay p~Ke +~~d , ~
par fw such i~aura~.s or any part thereof wirhout waivir+9 w affactinp any op~~on, licn, eq~~ry. or ~iyht unde~ w by w~tw of this Ma~ga~, and tAe
t~it arnoum of ~vch usd every wth paymrnt shatl be ~mmcdiately dve and p+~abVe ~nd thaH brar E^teresl from ths date theseol i?ntil pa~d ~t the al~ ol
~,~:,e pcr cent~m pe~ annuir, a~xl u.~rthrr v~iih sucF. inte~est sicall !x s.~wred by the I~er~ of this motlgage. , ~
1. To p~xmit, commit or sufier no wa~te. impairmeM a deteriorauon oi u~d property or a~y p+rt tF~eof. . ~
5. To p+y a!1 a~+d s:rguls? tha costs, charges a:.d e~pe~scs. ~~clud~np a reasonable attor~ey'~ fea u~d costs of abstrse~s of titb. ~cuned o? W~d N ~
~ny fime by said A10R1GAGfE, because w in tM eve~~r of ~he fa~'.ure a~ the pa~~ of ~he ss~d MQRiGAGOR to duly, promptly ucd fuliy pnform, d~schuge.
_.ecure, effect, canpkte, ar+.+ply w~th and eb.~s by •Kh ~r.d every ~he st~pulanons, agresn,~nts, cwd~tions, and covenants of said prom~ssory note and thii
-,~rrgage a~y w e~tk+er, a~+d u~d costs, charges and e:penses, each and every, sha11 be ~~~n+edutcly dut and payable; whe~her a not thtsre bt no+ica de ;
ma^d, ancmp~ lo colkct w wi~ pend:ng; and ~he (ull amow+t of cach and eve.Y such paymenf shali bea. inreres~ from the date the.eof w~til p~id at the
~ o~ n:ne {x~ trnt~m Nzv an~wr; a~x! ai! sai:! costs. charg~s and rap.:~:ses irt:rrred a{uid. together wAh such iMe~est, shail bs satured by the I~en ol thi~ ~
mortgage. ~
Q TAat (s) in the event of any b~e+ch of ~his Mortgage w defaulr on the part oi the MORTGAGOR, or -;b) i~ the event s.iy of said svma of n+oney
herein referred to be not promptly and fuity pa~ with~n thnty l30? days ~+ca~ aher thc same seve~aity beco~r.e ~ue ~nd p+y+bla. wi~houf denwr+d w rwtice. .
cr (c1 in ti+e evcot each and every the sli;w!atio~s„ sgreements. cor.d~tions snd covenants of sa:d p~~usaory note and th~s matgag~ any a either are no1 !
:,,:y, promptly artd fully perFwmed, d.xhargrd, execu~ed, rffecred, cwnp:eted, ca~~pl:ed c+iih ar.d ab~ded Sy, then in e~ther w any such eva+t the sa~d s¢ f
gregata sum men.ioned in said promissory note tnen remaining ~npa:d, wi~h intere;t atcrued, and atl mone~s secured heteby, shall becoa~e dw at+d psy~
ao.e ior~hwith, o: ~hercafte~, at ~he opt~on of se~~ MORTGAG:`_, as fully and comple~e!y aa i1 alI of ~he said wms of rraney ~:tre oNy~nally st~pukted
te he paid on such oay, anyth~n~ in sa.d pra*::ssay note w in this Morrgagr ~o the conerary notwi~hs~anding; and ~hereupon w thereafter a~ the optron of
sr:d MORTGAGEE, w~~hovr no:~ce o~ d.:mar.d, suit at law a 7n equiry, rhe~efo.. or rhe.eaf~er begun, maY be p~osecu~ed as if all aw~eys ssc~ied hereby
c:d matured p~~or to ~h instituhon. _
7. ihat in the e~er.t that at the beginn:ng of w at any time pending any suit upon this Ato~tgagc, o~ to fweclose it, ot to reform it, or to enforce
~-•:^~e~t ot any cia~ms hereur.der, soid MORTGAv~~ shall applp te the Court havfsg ju-~sd:uion thereot ior the appo:ntmem of a Rece7ver, such Coutt shall :
r~-•'~ :.I:h arpoint s rece~ver o( said rt:ortgay d property all and aingutar, ir.ctud~~g a:~ a~xl si~t3ular the ir.comr, proFits, issues and revenues irem whateve~ !
s_ rc~ drrived, each and every o4 wh~ch, a be6:~g expressiy ww3ersrood, is hereby mcrtg.rjrd as if spet~iicaliy set fonh and dew~bed in tF+~ 9~a~~u+9 u+d :
~,tendi:~+ clauses hereof, and such Rece.rer shaH hava all the b~oad and effrtT~ve f~ncs•c++s and powen in anyw~u entr~ste~! by ~ Cou~t 1o a Receiver. and #
s;' arpointme~it shatl be made by such Coun as an admitted equity and a matter of abiolute rghl to said MORTGAGEE, ~nd w+~hovt referNKe to the
,::_a„cy or inadaquacy ef the value oi the prope~ty mo.tgaged or to Ihe so:vency or ~nso~~ency ot said MORTGAGOfi tsr the defendants, and tlwt such ~
...rs, proiits, incane, iswes and revenues shall 4e appiied by svch Rccaiver accaro~.,g to tM lien w equuy,o! said MORTGAGEE and tke practice of such
=a.,rt. • - '
t
8. To d~!y, p~oa'pdy and fully ~fam, d~xF.arge, execWe. efiett, complete, canply wiih and abide by tath ~nd every ths stiFw~ations, agreemMtt„
:~~,d~+~ons aod covenana ~n smd promissory rwre and th~s mortgage ses !a:ih.
9. That in ~hr event the owoe~sh~p of ?he m~~igaged prem~sts, w any part the~eof, becomes vested in a person other than the MORTGAGOR, Ihe
:~RIGAGEE, its wccessws and as:i9ns, may, wtrh~,t nouce to the n10RTGAOR, deal w~th such wccessd or wccessor in interest with referenc~ fo this
~~•Tgagc' and tM d_ht hcreby securrd in ihe sa:ne manr.er as w~~h :.:crtgagor without in any way vitiating ot dixha.ging the dNortgago?t' li~bility here~
_ d~•~ or upon tM debt hereoy secvred. No sa~e of ti+- prem~ses hrreby mwt~aged ard ~0 labearance on the part of 1he IJWRTGAGEE or in s~ccessws
ass~gns and no exrens~on of the time for rhe paymem of the d~bt h-reby secured given by the MORiGAGEE or its succeuas or au~gos, shall optrate
:o ie~zax, d.xharge, modify change or affect the o~ig~na! I~au~i~ry of the NORTGAGOA {xrein, either in whde or in put.
10. It is speufi:ally agreed thar time is of the essence of th~s contraa a~d that no waiver of any obGg~tlon herevnder or of the obligation se-
c~red hereby shafi at any tir.e ~hereafter be he~~ to be a waivrr oF the terms nereof ~ir of tht instrument secured Metby.
1 L In add.ro~ ~o the fwego ng momnty payR:•_nrs of pr~nc'pat and inrerest requ~rcd by the prom~ssory note aecured hereby, mnrtgago* co+renaets
:i ag!C£S ~O 'ad)f f0 T-07~~d9!'! v.irh eac!+ ~~th~y pay~nero an add~t~onal sum rsnmared by mo?tgagee to be equal a 1,'12 of the annual cost of the fol{ow-
A-All real propcrty ta~cn lr~ied or assess_~ agai•ut fhc ab.ve desv~b_d reai esrate_
S-Pr~mlums o~ !"ue and w+ndsto.m insvrarce as nerc;n req~.rCd to be carried on the ;maroveme~ts z:tuate o~ tf+e above described premises.
' :r:. .
C-Prcmwms on such ~ertg~ge y~e~e~~ir 6:a.,~o.~« as ~~h.;~~~:y=a s.a:. . w~ :3 deem fit to tarry on th¢ ban secvr re Y-
Mortgagee shati from time to t:me ~o!~ty mon_agc~ ~n wrrir~ng of the arnoc~t d~e and payable hereur~dx a~~d sut}~ wm sFwll thereupon be due ~nd i
i e on rhe due dat? of ~he ne¦r mo-dh:y payR,e»T end eacti wccess~ve mo~*h thereafter ur.til mortgagee shatt notify mor~gagw of a charge in such ;
•=~.m. Such s~ms sFail be app!ied 'oy mortgag~e toward the paymcni of real proper*y taxes, insurarr.e prem•wns, and mwtgage gwranty iosuunce i
~ . _~•:iums. ~
IN WITiVf55 WHfR~GF, tn sa~d NIORiGAGOR has hereu~ro set his ha^d and seal the day a yeu iust atareiaid.
~ Signed. Se+led deli in the p~es e ~f:
j~ ~
; n
~ ~ ro . o~mxee
.:'..;E OF fLOR10A ~
~ u- '
""„r~TY OF St 1 11C1@ 1
Befae me perwnatly appeared Jerome E. B10~J11~ ~
Sharon K. BrO~ill~ his wife, to me well known snd know~ to me to be
, ~.d~viduals descriL-ed in and wF+o executed the foregoing instrument, and acknowledged before me that they executed tha same for tM pwposes
,r-,•e:n ~xpressed. ,0.„d ,he sa;a Sharon K. Rrownlee ~
re of ,~~a - jezome E. Brownlee ~,~o.~ , ~..a~e ~d ~
nat~on by me ta4rn uparate and apart from her said husba~d, ackrawiedge~ ro s~d bsfora me thaf she exetuted said instrument ireely and volun-
_•:~y and w;rhout sny compvlswn, constraint, aporehension, or fear of or from he~ said husbsnd.
WIT~1E55 my hand and offic;al seel ih~s__-~~ day of ~ A- 19 ~4
~ .
No!ary Public in snd fos Sute fb?ida ~t Larye
My Cort~mission enpir /j/~ /~~,i
Returo Ta. ~'i 0~7~
;;;st Federal Savirgs b loan Plssac~at:on ~
i
Gf Fort P~erce.
fo.t Pierce, florida
~0~6E~~'~s ` ''y~••~••f~ .
~,E~,KCt:tiy~t~T i'..i. .
This Instrument Prepared By • J • ~orbes ~~aR4VEP~~~D ~ -r ; 0 T;Q ~
First Fe.-~eral Savinys b loan Associat~on ~~~1~ = ~ ' ~ - ~r - =
~ ~'n _
of Fort Pierce , Florida 33450 3 1~7 _ y, n , r-~
1.~ = t~'
s+ t A ~l$ l 16 ~
Checked By'~-~ 5 D,e;
: ~ _ : : c-',~:,~- ~
Y 1{ •~~.~~•~i'~'`~~ ~ a
~11J12 ~<-..~<L~rD~:a` ~
~OOK 1 PACE
'h,
~
- , . - C Sw/
' ~
- _ -----'ry' ila
~ t
_ v~:Gi • 1 .
_ _