HomeMy WebLinkAbout1460 3. To plx~ a~+d continuous~y keap on the buildirgs now or Mreafte. sitwt~ on said land u+d o++ sit cquiprnenl and perso~al~Y ~ovsrtd by thi~ mw1¢
~ge, with all pr~miums ~herton pa~d i~ ful~. f~~~ insurence ~n ~M u~usl ~~a~ard potity form, in ~ ium ~pprov~d by tla MOR~GAGEE, a~+d wir+ds~am
~ns~r~nc~ fn tM usu~l swrxfard poi:cy iam, in ~ sum approved by ~M MORTGAGEE, in svcA companY w comP+^ies u tM MORTGAGEE may
d~rect; ~nd all t'u~ and w~nd~rorm iewrance poGciea on any ol ~a~d b~ild~npi. ~ny in~eresl 1l~e«in or p+rt ther~of, in tht ep9repett ~um ~fo~~taid or
in extess Iher~pf, shall conlain 1Fk uswi standard mat9egN cl~ut~ or such othst clsuN as tM Malpag~e mey requir~. maki~p tM bst und~t said po1F , :
c~es, euh ~nd every. payabls ~o ~aid MORiGAGEE iti i~irrest ~nay appear, and each and every tvch policy ~h~ll be prumptly ass.yned a~d d~t~vered to
sny held by said MORiGAGEE as furehN security to a~id moriflage deb~, and, not leu than ten (10) days in advance of the expiraHOn of lKF~ PO~iGy, fo dr ` ~
I~~er ?o iaid MORTGAGEE +~s~ewal lhereof, ~oqether with a rcce~pt tw ~he pre+n~um ol such renewal; and there shall be r+o f~re w windi~orm i~surance ~
placed on any of sa7d build'u?pi, any interest thH~in p part thereof, unles~ in the lorm and with tM loss p+yable ss a(ore~~id; ~nd in tM ~venl arty wm i
of monty becomas p+y+bl~ u~dsr auch po~icy a po~ides wid MORTGAGEE sMll h~ve ~he op~~on w ~eceive and ~pply tfa same a+ ecca+M o~ the irxlebted~ `K '
nes~ secured he~eby o+ fo pe~mit said MORTGACaORS to rcceive and us~ it a any part ~he~eol fw othe~ purposes, w~thout thrrcur wai~i+.9 0~ ~mpair- y ~
~r+g any equ~ty, lien a righ~ unde~ a by virtue of this mortpaget snd in the evem sa~d MORTGAGORS ihalf fa any reawn Tail to keep ~he s•~d pemifes w
insvred, or fail Io detive~ promptly ~ny of said po~~ues of insurant~ to said MORTGAGEE, w fail promp~ly to pay fully any premium therefor or in any ~ i
respecl fail to per(orm, d~:chsrge, ezetute, e~Fett, complala, comply wi~h a~d sbids by this covenanl, w ~ny parl hereof, said MORTGAGEE may place and t
pay fw such insurancs o+ any part lhereof without waiviny w affedinp any option, lien, equ~?y. w ~~ght under or b/ virtue of this Mor19o9e. and ~hs S
futl ~mo~M of each snd evcry such payment shall be immcd;ately due and p+Yah~e and ~ha~~ bear intere~t from 1hs dats lhcreof until paid at tM ~at~ ol :
~-,~ne per centum per annum and together h~iih su:h interest shali be ucured by ~he lizn o( thls mwtgage.
1, To permit, tommit w sufter no waste, impairment w drterioration oi sa~d properry or any part thereof.
5. To pay all and singulsr the costs, charpes and expenses, indud~nq • reasonable anwney's fee a~d wsts of abstr+cts of title, incurr~d or paid at
eny ~ime 6y said MORTGAGEE, becauu a in Ihe event of the failure on ~he parl of ~he sa:d MORTGAGOR to duly, promptly and fully perfam, dixharge.
~.rcute, eflect, comp~ele, comply with an~ ab;de by each and every the stip~latrons, agreements, condition~ snd cove~ants of said promiswry note and thif ;
R~e~tgage any o~ either, and said costs, cM~pss and expenses, each and ~vNy, shall be immediately due and payable; whethtr w nol there be no~ite de~ i
~"and, attempt fo collect w iv+t pend~ngr and the full amovnl of each and eYe~y such paymem ~hall txar inte~est from the dats thsreof u~til paid at tiK ~
of oine pe~ cenfum Fxr annu:n; a~~d all said cos+s, charges and exxnses incvrred w paid, toge~her ~vith such iM~~est, shall be setured by the lien of this
morfgsf]e. ~
6. Thst (a) in the event of any b+each of this lNoregaye or defaulf on the pa~t of the MORTGAGOR, w(b) in the ever~t any of said suma of mo~ey
hrrein referred to be not p~omptly and fully pa~d within th~rty (3S) days next a4ter thc same sevcraliy become due snd payable, without dmnu?d w no~ke•
cr !c) in the e~ent exh and every the stipvtafions, agreements, conditions aod covenants of sa~d promiuory note aod this mort~sge +ny or e~lher ±r~ twl #
iu:y, p~omp:ly and fulty periwmed, d.scFwrged, exe:uted, effeued, completed, complied with and abidrd Sy, Ihen in either or any fuch event tFa faid +g ~
g-egate sum meM'aned in said promissory no?e tFu~ remaining unpaid, with interest accr~ed, a~d all moneys ;ecured hereby, shall becwne due and pay- ~
ab:e (orlhwith, or thereafter, at tbe opt~on of said h10RTGAGEE, as lulty and completely as ii all of t4ie said sums of money were wginally stipulatcd
~o be paid on auch day, any~hing in sa.d prom~ssory rtote or i~ this Mortgage to ~he corttrary ~otwithstsnding; and thereupon a thercafter ~t tM option of
sa:d MORTGAGEE, witAout not~ce or demar.d, suit et law w in equity, therefore or thereafter beyun, msy be (xoxwted ~s if ~II moneys setured he~eby
r.~d maWred pnor to its inslitutiort.
7. That in the event that at the be9inn:ng of a si any t+me pending any suit upon ?his Mortgage, w ro fwectose it, o? to reform it, o? to enforp
~>~-nero oE any cfa~ms hercunder, said MORTGAG~E shelt apply fo the Court having ~urisd~ctio~ thereof (or the eppoimmeru of a Receiver, such CouM shall ~
~.•~6.,~rh appo~nt a receivcv of sa~d moetgaged property all and singule~, includ~ng ail and s~ngvlae Ihe inco~u, profits, issues and revenues from whatever
s_ ;•ce ~vived, each and every oF wh~ch, it be+ng _xpressly vndcrstood, ia i~ereby ma~rgaged as if spec;fically set fwth and described in fhe 9ranting and
I~; endum tlavses hereof, a~d suth Receive: shall have all the broad and efitttive funct~ons a~d povwers in anywise entrusted by a Court to a Receiver, and
s-:%~ appointme~~t shall be made by such Court as an admined equity and a matter of abso~ute right ro said MORTGAGEE, and without rc(erence to the
-u:~;,acy w~nadequacy of the v~~ve of the p~oper?y mwtgaged or to ~he so~veRCy w;rsot~ency of sa~d MORiGAGOR or the deiendants, and that such
_•,+s, profirs, income, issues and reven~es shatl be apaiied by such Receiver accwd~r.9 to the leen w equity of said MORTGAGEE and the practice of such
Co~rt.
8. To duly, p~omptly and fully perform, dischargt, execute, effecL cornplete, ccrr~ply w~~h and abide by each and every the stiptrtations, agretmenb,
,o~d~t~ons and wvenants in smd promissory note and this mortgage set forth.
9. That in the e~ent the ownersh:p of the mortgaged premises, or any part ti~ereof, becomes vested in a person oTher than tht MORTGAGOR, the
:"RTGAGEc, its svccesaors and as~~gns, may, w:~ho~1 noti:e to the MORiGAOR, deal with such successw or successor in iMeresl with re(erence to ihia
o-rgage and the debt herrby secured in the same n;a~~ner as with Mortgagor without in any way vitiating a dixharg~ng the Mortgagori' liability hera
' irr or upon the debt hereby secured. t:o sale uf the premises hereby mortgaged and no fabearance on the put of the fAORTGAGEE or its successon
o- ;ss~gns and no eatension of the time for the yayment ot the debt hereby secured given by fhe MORTGAGEE or' itt sutcessors or suigns, shall operate
ro~e!ease, d+xharge, nwdify ehan~Q o. affect the ociginal Iiab~Iity ot eM MORiGAGOR herein, dthx.in.whok`w in part.
10. It b sppc:fically agreed that time is of the'essencr of this contrsct snd that no waiver of any obligation hereundtr o? of the obliyation se-
c~Jred htreby shall at any time rhereaftar be held to be a waiver of the terms hereof a of the instrumeM secured hetby.
11. In aud•T:oa to the forego"ng munth!y pa~m_nts of piir.c'pa! and interes~ required by the promissory note secured hereby, mortgagor covenanh
:i agr~s to pay ro mortg3gee with each month~y payr:tent an add~rional sum est~matecl by mortgagee to be eq~al to 1%12 of the annual cost of the follow-
J . ~
A-Atl real property taxes kvied or aue:sed againsf thc above dex~ibe4 raal estate.
g--Fr~m~ums On fire artd wfndstam insuracte as heiein requ~red to be carried or~ the im~rovements situate on the above described premises. ~
C-Pre,r.iur~-s on such mor~~~ge guarar.ty ~rwrance as mortgagee shatl from time to time deem fit to carry oo the ban secured hereby. . ~
~ Mwtgaqee sha~~ j~om »:r.e ~o t:me nor~f~ mor~gagcr ~n vrriting of the am,oun? d:,e a~d payable hereu~der and s~ch sum shall thercupon be due and '
~ _,,c'~ em the due oate of ~he ~ext n:onthfy pay:r~enf and each success+ve montn thereaiter ur.tit mwtgagee shall notify mortgagor of a change io such
.~nt. Such sums sFatf be applied by morrgag:e toward the paymeM of real property taxes, iniurance pre :vms, and mwtgage guar ty insurance
( . .:~~mi. ' ,
~ I!d ~YITNESS WHFRcGF, the sa~d MORTGAGOR has nereunlo set his hand a.-~d seai the day ear tt afor . }
~ Signed, Sealed and ' red in the presence of: ~~1~/V
~ n
- . ` t - , •o
~ - , ~ ' n
~ . • ~sea~
aiE Of FtORIDA ~ ~
")U'dTY OF ~t -
Before me penawlly appeared a~1 R• ~'Sb~ll and ~
B~len 3• ~5~1~~ hia wife, to me well known and krwwn to me to be _
r~:e ~ndividuals descr~bed in and who executed the fwegoing ins~rument, and acknowtedged before me that they executed Ihe same for the purpoxs ~
rn~•;.:eS-exp[@S~ed• And ihe said ~len s• Dashiell }
'e of the sa~d - ~ ~ upon a separ~t~ aod private ~
nat~on by me taEen separate and apart from her said husband, ecknowledged to and before rtK that she executed said instrument f~eely ~nd volun- {
~ and w+thout any compu~s'an, constraint, apprehens~on fear of or from her said husba
WlTNESS my hand and official seal this____~~~' day of ~~r A- ~9
~ ~~K/
Nqtir~t Pu in end for tlu t~te of florida at larpe
~ ~ . . ~ : • expires: j~,J , / 9 7..3''
Return To: ~~~~?~~~Ii?Ttli/~~~I ;y~7i
.
. ~nt Frderal Savings d. loan lusociat~on ~ • . ' ; ~ • ~
Of fort P.erce. `J~~~~~+ • -.~r~''~~. - ~
_ fort Pirrce. Hcrida ~J. _ -~'.;,N~~~,wr~'y,-~ ~~~I~~p~~~ `
~ ~ Q4FPlE ~RffE~l~ ~~f
~3• ~ 11E89~i~ MER~F? 0
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This Instrument Prepared By i~. 8. Bi'mitl . 6~ :<.4; ~
First Federal Savings & Loan Association ;.~%3`i~~'',.•.,~~~.,,,.••~
p,4~ ~
_ of Fort Piercei ~O'!'~da Z~''~ ~
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Checked By - ti`~26~~
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