HomeMy WebLinkAbout0252 3. To place •nd continuous~y kcep on the Lw+~dings now or Fr~ra{~er tii~uete on ~a;d tand and o~ a11 equip~nent and penon~lly covrred by ~his mortg-
n~e, w~th all p~emiums therca+ pa~d in full, i~re inw~ance in rhe ..s.;at e~an~a~d pu:~cy foim, in a ium approved by the MOR~GAGEE, and w~~ds~wm
~nsursnce in ~ha uiual stande~d po~,cy form, in s xum aupro.ed ty ~he 191k)RTGAGEE, in fuch company or compan~es af 1M MORTGAGEE may .
d~rec~; and all fire and w~ndstorm insurance poiiuas c~ any ot s~~d baiid~ngs, any int~res~ I~ereio w parl thereof, in ths a9g~egata sum •foresaid w
~n excatt thereof, shall tontain ~he usual standird mor~gagee c~ause or soch oshe~ c•~use as ~M Mwtgagee may requ~ro, makinp the ios~ uncJer sa~d po~t
c~es, eath and nvary, payab:e to said h1JRTGAGEE as ~ts in~~rrst mjY aaVea~. a"d e°d~ ~i'd evcry suth po~~cy shail Ix promptiy ass gned and detivered ~o
eny held by said MORTGAGEE as furth~r stcu~ity ro said ~~~w~g~ge deb~, end, not less ~tiwn ten (l01 days in advan<e of the eap~~at~o~ of each policy, to de-
I~~e. to taid MORiGAGEE a renewal Uier~t.if, ~ogether with a rece~pt ~o~ tha prrm~Lm ot such ~ene.val; and there shaU be no i~re or wi~dstann insuranc~
ple<ed on any of said bwldings, any iNerett there~n or pa~t thercof, un:r:s ~n ~he fcrm and w~th ihe lo~s payable as afo~esa~d; u+d in ti~e event any wm
of money kxcoR+es paYable ~nder such poliq o~ po~~cies sa~d MORTGAGEE ahell have ~hr upt:on ~o recaive and appty the same a+ +«a+^~ °F ~ndebtrd- -
nrss xcured he~eby or to petmit ~a~d RIIORTGAGORS to recrive end uie ~1 0+ an~ ~~~.~t t~~~':eoi ~o~ oti."~ purf,osrs, w.~ho~t 1h~rab; w.,~+n~g ~r unp:,~r
~r.g any equ~ty, Gen w right unde~ w by virtue of th;rmc:~gage; and ~n thc evrm sad A~~~TGAGORS shafl Ew any reason (sil to kcep the sa~d p~emises so
~nsvrad, or foil fo deGver promplly any of said pollres oi insur~nce to aa~d MORtGA~EE, or tal promptiy lo pay lully any p~e~nium therefo~ o~ in any
rrspect tait to ~serfo~m, d~s:ha~ge, execute, etfect, co~~~pie~r, co~~~p~v whh and ab~de by ttua cove,~ant, o~ a~y part hereof, said MOR1GAGfE may place a~~d
pay iw such insurance or any pa~t ~h~reoi withovt wa~ving or aFfecting any o~twn, iien, equ~ty, or r~ght under or by virtue oi ~his Mwtga~e, and the
i,Il a~nount of each a~~d every such payment shal? be i~.~rnediatety due ai~d paYa~~e a:~d shoft brar intereit from the date thereof until pa~d at the rate o~
~.e per cenwm per annwn a~Kl to3ether .v~!h s~ch intrresr ~h,~~ s~•.ur~~d I:y ~he l:Nn of this mw~ga3e.
d. fo pe~mit, commit or w(fer no waste, i~upeuntent ot detwiorar:o.i uf aa:d F~ro~.e:tY or any part Ihereof.
5. To pay all a~d singular the coats, charges and exuenses, ~nc(ud~~~g a reas~nol~Ie attomey's fee and costs of absfratts o( title, incurr~d er paid tl
time oy said MORIGAG~~, because w:n ihe e.en~ ef thc 4a.i~~e on the pan of ~hr so~d MQRTGAGOR to duly, pra~~p~ly and fully perform, d~uharqe.
_~:c~te, e{fed, canp:ete, comply w~th and ab.dr by rach and rvrry ~he snp~lei:o~~s, agre~n;ents, cond~hons, and covenants of said promissory note and thii
~ oi ~gage any or e~ther, and sa d costs, charges and expenses, each and every, sha:t br ~mrnediately due and payable; whether w not ~he~e be ~otice d~
~-:an,f, at~empt to col;ect or suit pe~~dm9; and the fvll a~noum oi each and every sv<h paymeN ahall bea. interr~t from the dste thereof until paid a1 the
. o~ nine {xr c..•ntvrn Her an:~~:n, anc. al! sa~d <us•s, char3~s ~:~d _x;.c,:s~s :~xvrred or Ha~d, togeiher w~lh suth iNe~est, shall be secu~ed by tbe lien O~ this
mortgage.
b_ That (a} in the event of any brrach o( ~nia hlortyagr or dciau.t on the part cf fhe MORTGAGOR, or (b) io the event any of aald sums of money
f erein ieferred to be not prornptly and ~ul~y paid v.ithir, th~rly ~3~'? days +~ex~ a~~~r ;ne same severa:ty become due and payabte, without demand or notice,
er {ci in the event rach artd every the stipu:at~ans, a3reernents, conci+t:o~•s and cuvena~ra ot sa,d promissory note and th~s morfgege any or eithet a~e not
i,:y, promptly and tu~ly performed, d s,~~a~~^d, enec~tcd. effe:r<d, co:np`eteo, c~^ ~~p ;ej ~~i~th e~:d a6ided ~iy. ihen in t~ther w any auch eveM the sa~Sl ag
~=c-3att sum inentior~ed in sa~d p~om~sso!y n~tt ~i~tn re;nainir.;~ ~u~a;d, vrn~ ~~~?cre;~ accrued, and a!! moneys secu~ed hereby, shall become due and pay-
e forthwith, o~ therrafter, ar fhe op•~~n ~t s~~d htORiGAG~E, as fU~ly a~.~ ~omu r,r~y es if ail of tl~e said s.yns of mooey were or~9inally st~pu~ated
h~ pa:d a~ such d~y, any~h~ng in >ad prc•~~~sscr~ ~ucr e- in ~hts b!c.tga~r ro ~he ce•:~~ary notwithstanding; and thereupon or thereafter a~ the option of
s~:d MORTGAGEE, w~~hout notice or ciemanci, s~~t at la~+ or in eq~~ty. ihe~ef~re or *her~~aioer begu~, may be proxtuted as if sll moneys setured hereby
~..d matvred prwr to ~ts insl~tution.~ , •
7. 7har in the event ~haf at rh~ bey~+~~'^g ni o~ a~ .,ny t~~r,r~ pen :'~,g any su~t upo~ thi~ Mortgage, or to foreciose it, w to reform it, or to enforce
..~cn! of eny rai-ns hereunder, s~~d :'~JRTv'.~..t s~~a': :~f:H'ti' to ~h~' C3~r• !:°':•`c r..•,sd,cNon thercw! ior the appointmMt of s Receiver, wch Court shail
:,~~h ay:poh~t a rece.~er of s~,d re;,•tg.,~,c? E.~:-::. a!' a•~d ~^~;~<~.^y s•novlar the ir.come. pro~its, iswes and revenuea from whatever
_ de•iv~d, eacn ~ncJ every af v~!,rti, r t . ca ~-..~,~ss!v ~~d=•~st~ ~,.':,'r R:'rr_1,ged as ~f spec~ficatly set forth and deseribed in the gra~ting and
r,dum c'ae,ses he~~~o~, and w:h Rece~ve- s~~'t f...., the ~r,.ad a.d •~~:~~c' ~e f~, c~._~,s ~~d pcvre~s in any,n~se erorusted by a Cou~t to a Receiver, and ,
s_~=n app~inrmenf shai; be mede by SvCh CG~~~ as _+i~~::~•_-d equ+~y a~,ci a~~•+•~r o4 r~~u~~~re r~ght to said MORTGAGEE, a.sd withcut reference to the ?
n-;_q,,:cy or inadeq~ac~ oi t~e va~ue of 1hr proprrt? r^e•1_a_ged o~ ro n:e s: ~c~•;Y =r .•~,c.~tic~cy oi sa~d MORiGAGOR a the deiendants, and that such
:~s prorrts, incort~e, ~ssurs rnd revevi;,es shatt 6e ap;~~~ed 'o/ s~:h RrCr~we~ acc~~w~.g w the Gen or equity of said MORTGAGEE and the practite oi such
Court.
8. To t~J~y, Fr4mptiy and fully perfnrm: d~scha.ge, execute, e+4ect, comriete, co :•Fiy wirh and abide by each and every the stipulations, agrcements,
~rd;rions a~d covenams sa~d prom~ssory nore and tnis ~'~ortgage ser forth.
9, That in the eve~~t the ownershEp of the mo~tgaqed ;:rc:t~.ses, o• any pan the~eof, becomes vested in a person other tha~ the MORTGAGOR, the
~~RTGAGEE, its ae;ccesscrs ar.d ass~g~s, may, w~~ho~t n:,+ce io t=•e .'~JR:v.OR. d<a~ ~:~~h such successor or wccessor in inler.:st wifh reierente to this
_~}yage a^d +he debt t~zreby secvrrd m rhe sarne n,arr.er as v.~th t:or~~ago~ w~thoue ]n a~y way vitia~ing o~ d~uhaiging the Mwtgagors' liability FKre-
_:,r or vF•o~ the debt herrby secured. tlo sn`a af s':e rrem~ses h._r~by :noetgayed and no forbea~ance on the pan of the NIORiGAGEE or its successors
~ •sv9ns and no extension of !he time for the payrrent o+ thF d_bt he~eby sc~c~red grvrn by the /1~ORTGAGEE or its suctessors ot ass:gns, afialf operate
; rc•'e3se, d,scharge, modify change oc affect 1r±e o~ig,nat 1[ao,;'.ty of tce N.ORIGAGOR herein, either in whoie or in part.
10. It is spetlf~caUy agreed s}:at time is of the esser.:e uf tl~is contract and t1~at no waiver of any o6ligation hereunder w of the obligaYwn se-
~„red ha:reby shali at any tirr,e the~eaher oe heid to br a~r~a~ver of t!:o terms F~ereof o* of the instrument secured herby.
1!. In r,ud.!~~:~ !o :~,c fo:c3o,~g rno +~:r.yT ~ts ot ar.d s,~~ . ed by the p~anissory no!e sccured hxreb~, mortgagar covenants
,,•ees to pay ro mc-tgagee v:~th eacn y r~~ d '-i ~ 3: s~'~ -'.i:.:l c~ mertgagee to be eq~ai to 1 j 14 of the annual cost of ihe follow-
' A-E.il raal Frope~ty taxrs .ev~e:: or 355•`SC~•O ,g.r.st thc c».e dcs:•~r. -i .eal esr~ce.
i . .
` B Pran-w~ns on fre and w~r.ds~o•m ;n5~~~: ~:e as n~r_•~n rr.qu .ed e.~ G~ c, r, ~~d c~ ±:~c :m;:rovemeits sit~ate on the above destribed {xem~ses.
~ ~-p~erniv~ns on such r.sortg;ge g~a*:.~ty ~-w~a~~ce as ~ro•tcr3g~e s~a!I frc-• r ~:e fo :rn~ deem fit to carry on the loan secured hereby. _
~ 1'hertgsgee sRa:~ fr: ~r, ::me ae e i; s:~ r mc•ryy~or ~n ,r.r:•:~~g cs t:,~ a-o.:^• d„c end p.~yable hereundrr and such surn shall thereupon be due and
~ ' •n'e on_:h~ d~e orte of th~ c..,~t ~,cn,^.; c=~Ten; anc! r..c' r__c^s=~ye ~c.«i tne:e~~t=r ur.tit mortgagee shall notlfy mortgagor of a change in:uch
;nt. Such a~~~s s~a~i l~e ac.~~ird by ~r.-."ya~•e ~o:.a'd th~ F,a;rr:ent of reai p:cperty taaes, insurance prem.~ms, and mortgage guaranty insurante
~ ,~.,~ms. - ` .
!N \?ITNE55 vVH~RECtf, tne sa d JRTGAGOR has here~^to set m.s h;~~d and xa~ ~he day and year -nt aforesaid.
/ 5' n, a~d delivered in the pr<sence of: ' ~ ,
an ~
d= - o n z c ie ~,ij ;
s-`~`'~'------ -
- cs~n
- - - ~ .~a~ .s ~ - c~a~~
:.an~iis L. I: t chie
- - ~ ~ E OF FtORIDA
~ _
_:.i'~TY OF _~__l_UC 1C' ~ - • .
Before me personatiy appeared .iohn itC hle ' end ~
''AT1~~15 L. t~ 1tC}31C' his wiie, to me well kno t~ ~~~i6~AM~ me 1o be
~ ~^d~viduais descr~bed in and v~ho eaecuted the foregoing instrument, and acknowtedged before me that they executed ~he~'
3~~ i~r(~t~±it~~vrP~s
C andis I_ . R itchie
_ -e'n expressed. Ar:d the said ~
of the sa~d ____JOhfl C. :Z itchie _~'upwT'l~se~asate ancN.ppwte
• T. nat~on by me taken sepa.ate and apart from her sa~d husband, acknowled ed to and before me 1Fwt she eaecute8 s~id i f/e!}y 0~~4~~~'
f and w~thout an~ compvision, constra~nt, app:e s:on, or fear cf or from her said husband. ~ j f~'' ; v%-
ti
~ A~ITNE55 my hand ard official sea{ rh:s_ _ I~~__-_ day cf__ C~ te1AtiCL : i~ >Jt. D.;19_3"~
~ .'t.' ~ ~ G 1;
, .
ary ublic in and fw the 5}iJe~e,f,~bsld?a^~~
= y Co:nmission expires~~,~' ~i %~~~r~~ `
~ Rerurn To: ~ , . ~ . .
`rust Fecfera{ Savings 6 loan Assc:~at:on -
~ Of Fort P erce. ~E`,O~p~~
~ Fort Pier,e, Florlda f~Ep 1?N~} N1~( C
s~.~uc.c Lou
~ Roc~a po~ta~~~
~~rv' f ~
~ c~Eax ~<<:cw= c
~ aE~ofo r~EPtf~Eo
f ~
~ This Insirument Prepared Byc;~r;• i' . ~ lli~•o~ . w
First Federal Savings & loan Association Q7 IM~~
~ of Fort Pierce , F lo r i c:~ 33 ~15(~ L
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; - ~9~.~382
~ Checked By~-.-
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600N ~?c)l. PAtE ~cJl~
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