HomeMy WebLinkAbout0630 3. To place and canrinuo~siy kecp on the bu~'d,ngs now w hereaiter sil~ete on sa~d land and on alt cquipment ar.d penonally covered by ~hi~ morlg-
ege, w~~h sll premi~ms ~ho~eon pa d in (u:l, 1ue insura~~ca in the ui~at sts~~dorJ ~w~:cy form, in a sum app~oved by the MUR~C.aGEE, and w~ndsrorm
;nsu~ance in the usual standard poLty io~m, in a sum app~uyrd by ihe MORTGQGEE, in such tompany or Sompanies as tl'K IVSORTGAGEE may '
d~roc~; ind alI fire and wint~ilO~m ios~ran~e poGCies a~ a~~y of s~~d build~ngs, any in~erest therein or pa~t thercwf, in the aggrcga~e sum atoresaid or ~
excess ~h~~reof, shali :umain tt,e ~s~~a: uandud marryagae dawe or such o~her uauie as ~he h~ortgagee msy rcqu~re, mal.inp the ioss u~xlar se~d polF
c:es, each and eve~y, paYaL e to ?a~d 6lORfGAG~E as .b inirrest .nay app vr, a:~d rech and every such policy shall be prompuy ass qned and de~i.•ered to
ef~y I~eld by sa~d h10RTGAGFE as (unher sec~rity ro sald n:ar~~age dabt, and, not less than ten (10) days in advance of ~he expiration of each poircy, to dr
~,wer to aaid MORiGAGfE a ro~tewal ther.of, togerhe~ ~v~th a rece~pt for the p~emi~m of svch renewal; and ihere ihall be ~w fire or w~nds~o~m insurance
placed on any o1 sa~d bvi!d~ngs, any ir.rereat there~n cv part ther.:ef, unirii ~n ine Icr~n and w~th the toes payab:e as aforesaid; and in ihe eveM any sum
cf mon@y becomaa payabte v~~dc~ •~ch poGCy or pof,c~es sa~d MORIGAGEE shall ha~e thr ophon to rece~ve and app~y tFx sa~ne on accouN of ~he indebled-
..cst sewred hereby et to ,_rr*:Et sa d"~.JRI~AGORS ro rete~ve jrd _se it a a^y ;.~*t ~n.,:. of tor a~~,. r::~.~,.r.e~s .•.itho~t ~hr.~ u~ vv.;~w: cr ~mp.,ir
i^g any equity, lien w r7y?d undrr or by v~rtue oi thia mo~tyage; and in ?he even~ sa~d MJRIGAGORS shall ior any reason iail to kzep Ihe sa~d p~em~aes so
:nwred, or lail ~o da!+vcr pranptly a~ry of sa~d po:~c~rs of ins~~~ance ro s~;d MORTGAGEE, er f~J promptly to pay futly any prem~um therefor or in any
respect fail fo pe~forrn, d~scharge, execute, effett, complEtB. CO•'1'.ply with a~~d ab~de by th~a covanam, or any part he~eof, sa~d MORTGAGEE may place and
pj; (w such inwr~~nt~ or any parf Ihereof w,fhout waiving or affe:ting any optwn, ;itn, eyuity, or right unde~ w by virtue o~ ~F~~s Mwtgage, and tht
i:,~t amount of ea;h and eve•y such paymrnt ahn:! be i.nmediately clue a~:d payab!e e~~d shall baar ime~est from Iha date thercot until p~id at the rate ol
yat cen:~rn per a;:nu•~, ond ro7_;I,or .:i~h ev:h in!erese sha!, t:= s~~:~~ad by the ;.rn of this mortgage.
4. To pe~mit, tommi~ p suffer no wastr, impahment ot dct2~~oration uf said E~opcrty or any part the~eOf.
S. To pay all and singuiar tne costs, cherges and expenars. ~nci~dmg a reasonab~e anorney's fee and costs of abst~ads of title, incuned or paEd at
rim.e by said AtQRIGA''vfE, brca~se or tf,e event o4 thr ~a:iu~a o~ tne part of ~he said MORTGAGOR ro duly, promptly and fuily per(orm, d~scha~ge,
_.~cvte, effed, compfete, comply wah and ab de by racfi and every the stip~iat~ons, dgrren:entS, conditions, and covenants o~ sa~d proeni>sory note and this
,:•~gzge any or e~rhe., a~+d sad cos~s, charges and cxpenaes, each a~,d eve.y, shail be immrd~ate!y due and payable; whether w not there be norice do-
~:,n;l, etten,pt to coliect o. wit pe~.d~ng; and rhe ivlt an:owit of each a~~J e~ery svch ,r+.+ymeM shall bear ~~terei~ ~rom the date thereof until paid at the
~ e~ ~l•r.e pe~ tant~m H~~r .,;r.w.n; onc: ~i: so~ci cosn, cho:3es and ~x,...i ses ~rxu:red or paiJ, togtther wOh such interest, shall be secured by the lieo of this
mortgage.
b. That (a) in the even± of any brcach of !his Mo~~gaae or defau:t on tiw p~+~t ef tF:e h10RTGAGOR, or !b) in the evenl any of sa:d sums of money
~e~c~n referrzd ~o be aot promp~l~ and fuily pa~d .~~:lun th.rry i3J~ da~s neat a•r~~ ihe sa~»e seyera:ly becane due and payable, withovt de~nand or notice,
sr c? in tha event e.:th ar.d every the s~ip~;a+~~ns, a3recmer:ts. tor.d~t;ans and tovenants uf sa.d pramiswry note and this mortgage any or e~ther are nol
i~.y, pru~nprly and t,,~;y ~rrfwme~, d sch,~•~-:d, execut~•d, e+feued, ~e~r:p~eteci, .o,nr::ed v:nh and ab.ded by, then in edher or any such evem the said a¢
~--:~a!e w~n me.^.n~ned in sa~fl FfD~1!:550!'j nc!_ than re~na~ning ~n~.aid, w~rh ir.trrr,~ ace:,ed, a~~d atl moneys secured hereby, shall becume due and pay-
~ terth.vith, or thereaftr~, at the o,,^•ne~ i~' s~~d 1:1JRiGi~GEE, as iuily arw~ co~np.rtriy us if al: of the said sums of money were originally fGpulated
~a.d on s~xf~ ccy, ~~r;yfh~ng ;n s~ d F•c ~~:ssory no:e e: in th~s Rlurtgay ~~u ~h.• co~~irary notnithsiandi~ig; and ~6ereupon o~ thereafter at the option of
, '..ORiGAGEE. v,.•}ov~ nonte cr d~•~.~:~d, s_~T at ~o~v or in rqu~!/, ~m<refore ~ir t6ereatter beyvn, may 6e prosetuted as if all moneys secuted hereby
~ . •-~atv:c'c~ t~nor r0 ~ts 1nst~t~~~p+1.
7. iha* in tt~e ev.e~:` at r~.~ ~g of cr ~t any t~::~e Nc~~d~,:g a-y sv.' u~ this Mortgage, or to foretlcse if, ot to ~e(orm if, or to en4orce
' _ . , _ , ~ . - - - i_' - _t ' arr^:re. ...w .t,_u
. . . . _ - . . . . _ _ . . ' °
~ •..~'h r,., v:•~~! a _ cf s:.-.~ ,,,_u ,.~o.:~ rty ~{I and si~::~~.or, i~'~c:vd-'~g •=i~~1 s~ngular the intome, pro(AS, iss~et ant~ revCnuCS 1~Om whatever
. ~+„„c... _ ti~-i ~e,:r:y of F;. ss y.nJersr;,vd. ~s 1 er~•6y r... ; a::gc~d ai if spec~lically set fwth and deseribed in the flranting and
: u,,,n c a•.,s~~ F'.•. s.~ch Rec<<.~:' s.....~ i..: au tiie b-oad a.d et!er,ve i~:• c.,::s or,d povvers in aoywise entrusted by a Court ro a Receive~, and
~r[~c,~••~~e~,r aha:: 've ~+..~de by u•cn C~ :s ,r~ .,d~.r.r:d eq~,ry a:~d a ~a!~~-r of a:.:so,~~e r~gM to said MORTGAGEE, and wifheut reference to the
or ~nadeq.:.3;; of the va~ur of th~ F.•C~:crty mur'_~,,9eri or tc ti•e si.:,•~:cv cr ~_c .er.ty o( said ~dURFGAGOR or fhe defendants, and that svch
s ~.rc:.rs, incv*:r, ~ss.:es and rever.ues s`~.,:t ~ aF::.,ed t.y such Rcc~~~_~ a:_:rd y r~ the iien or equ~ty ol said MORTGAGEE and the practice of such
. __rt.
B. `c d,,'r. iy ar:.~ t~yy rer'c:r.-.. :~:,:k-rge. Eze:.,,_, et;c.', c: ~ H'~. ,:y +.~th a.:~ a~ide by ca.h ao3 eve:y !!tt sliYU! li~n
a s, ag:cemen•s,
.7' _!:5 u~~d c.:vi-nd•iti n S!.(_ U~~7'•+ssG'j _ 3:~~~d :h.S mG~i~3~2 Set to:tit.
9. TF as in the c•.e~t thc ow- ena:c af tF.,, r.,arty:,gco premisFs. o~ a~:r part t'rcreof. becomes ve5ted in a person pther than the MORTGAGOR, the
i?s r:c:•_s-.ra ard ~sc.3ns, •,~ay, w~t';o_- ~;o~~ce fo ~he r.•.~~~iGn~~, dea~ w~th w.h suctessw or Succeisw in inierest ~vi~h refe~ence to this
~'g: yc ar¢ ~he ~~b~ r_-r~Ly ~._.o~eo ~n ti,e sa~~~e r~..~ ner as •xith :l.on~agor wethouf in any way vitiating or discharging the Idortgagors" tiability here-
~ o~ :4on tce ti~uf ~~.~ab~ sec:rrd ~~o s.,:e of -,••e ~re~n~sca hrirbi :rortyayed erd no forbearante on the ¢art of the Id~RTGAGEE or its Sutcessors
.~~~s :::d r_~,:ter;:on of th.~ t; ~:,r ~i,~• H~yn r,•t ot the d~•b! h~ •eb~ secweJ given hy the 1AORTGAGEE or its successors or assigns, aiiall operate
~-:.se, d•sctiarge, n:o~i;fy ci~a^ge er ettect the c•i~~n:~' ~iair.iny of ~he IdCRTGAGOR he~ein, either in whoie or in part.
10. !t ~s scec i!: ;:~d ~~~.t ;~n.e of th~ essence of thii mntract and that no waiver of any obligauon hercunder w ot the obligaYan sr
,d ha:eby s~a': rt .~rr; ti -e +r.cr;-;"s'er ue bc:d to be a wo~ver o[ thr !emu herc~t w of the insrrument sec~red herby.
i ir; , • _ _ _ ~ ~ . , . .-~+5 oi p~~::c ~>at ~nd ~•,t:•rex~ required 6y the prom"sscry nore secured hereb~, mo:tgagor eovenants
•_.~~•~res +o i ~ r. •h :,•c .•r, .-~~t a^. .,~,d • o~~a' sum _s'~ ~ted b~ mortyagee to be equa~ to 1, 12 of the annual cost of the follow-
A--Aii rcal ;:ro},e-ty ta..~~s ~r.,.:: or asse•c•_..! .~j,i~~st t•~e a:~av~ d:•sc~;-,._d .-_al es•a!e.
5 F~,. ,~.:-j „.;i.+, .,r;,,•::. «.~s i,_;:::n ~•q,:res to oe ca-~.= d c~• tlw improveme~ts s:tvate on th~ above destribed premises.
f C P'e ..,.^s -__h ~.o-~_ g.,a ,~.t~ .csu~..~ c_ ..s :r:c•+y.ig-'e s~,n;i 'ro^~ ,~-c fo f;,~e de~m fit to carry on the loan secured hereby
hla~tga~~e s~ t~ • ,~r,e~~__-~v :n ~.n!~~~g of ih~ a~-.ou~t do~ ar.cf payable hereundar and such surn sha{I ihereupon be due and
E - o-, !h~ i cr i~~ ~ ~.y . • a~~d e..c': s~_cess~ve ~.o~~!h thereaf:~r vr.ti~ mcrtgagee shal~ noiify mortgagor of a change in such
i Such s: rs s... . e.pp:.~d _r c,..,rci ii:e ua~n,ent of rea! p~oNerr~ taxes, insu~ncr prem.ums, and mo%tgage gua.anty insurance
~ ~ '`S- -
I?~ ;r:i":ESS :•.'HER:vf sa d tl.JRTG~-G r~~s h~r~-.~~~t i hdnd, and ral the day and fiat aforesaid.
I ~'~~8;r,~ -Lti~tt$~o
~ Signed, Sea'ed a~~d de`iver_d in th. presencc of: sj. LV~if :^'~NTr ftA. _
RCG: . F;,,'riAS Seaq
~ - ClE-•. i: ut' COUNT~ lchard a sbury tseaq
- - ar~;n., ~ i~ ^.,=n
,~y
_ !8~' ` Y~.(~~ . , ~ (Seaq
~ - - - ~ ~ p 47 l~ ttrsel P. Salisbury ts~a~)
QF fIOR!CA
~ / ; `7 m
~ ';TY Of - - - ~
s t.__ ie_ 298618
Before me pe~so•,aily appeared _ R 1Cf1aICj ~i. Salisbury a~
~ r'L i Q. S`Z ~ 1'h `=Yy his wife, to me well known and known to me fo be
~ •.•-~d;v~dua;s desut'trd in e^d v:ho Axe:~ted the foregoing instr~ment, and acknowledged before me that they executed the same for the purposes
- -e'n expressed. And the said_ _ ~JrS@1 p, Salisbury
1
~ ~ ~f rh. sa~d _ R1C}]]ld 1d. Saliaburv upon a separate and privste
~ nat:on by me r~s•~n S^~ df3}C and acart f-o~~ her said hustind, acknowledged to and before me that she executed sa~d instrvmem free;y and volun-
~ ; ar,d w•~ho~t a~~y cc^';.!~1SiOn, CG:•5lrainl, app:ehen~s:o~nJ, or fear of or fiom her said husband.
' L'Jii':E55 my i:~nd ard o'i:c~~i sc•a1 th:s _~1]~- _ day of -~a'n~~= _ A. D. 1975
. . ~
;S Notary Pu ' nd for the State of Fbrids N tatq~ t
~ My Com ion expires: y~ z.
P.cr~rn io NaMry Fv!,1~c, StoFe e4 Haj.ido qt~idt H+?q~ ' `
n~st Federol Sa~ings d. loan Assoc~~~.va My Cc,nr~iec:oa Expires :Julr'3T~ {1~~~f=~'1 t E
Z` O f = r. r t i' . . • T• ~e
6onded . ~ .~m:..cc.n firr'~,' ~o~Y,h ~
. Fort P~. ~rc. f;~•~.it ' •(~t '
~ _ byl , 7 p~' ~ ~~t .
~ - t~,~ `~~~.~~~yb i u~~•:.
~ Th~; Instrument Prepared By Gary F . E 11wooJ ` , :bb?1 ' ~
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F~rst Federal Savings 8 loan Association ~ 4~
y ~
~f Fort Pierce~ F lorida f ~t~ ~ ~ ~y~ ~t~~
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~ Checked U
~ ~~o~ 235 ~~,f ~2;9~
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