HomeMy WebLinkAbout2206 3. To place and conti~uously keep on the bu~'dings now a hereafter ~ituat~ on sa~d Isnd and on alt equiwoent and personally co+ered by this mal¢
sgs, w~th all premiumt thrreu~ paid in full, fhe insu~ance in the usual standa~d ~:o~icy form, in • sum app~oved by the MORIGAGEE, and windstwm *
insu~ence in ~h~ usual standa.d pol~cy fwm, in ~ sum approvcd by ~M MORTGAGEE, in fuch compsny w companiet as tM MORiGAGEE may
direct; and all lira ~nd w~nd~torm insurance policies on any oi said bviid~r~ys, any interesl therein or parl thereoi, in the agyre9a~e tum aforesa~d o~
in excess thereof, ahall co~~uin Me usual standa~d mortgag~te ciause or such o~F~cr dause at tF» Mwtyagse msy reqv~r~, maAin~ the lo~s under ~a~d potF ~
c~e~, each and evt~y, payable to said AIJRTGAGEE as i~s intere~t may appear, a~~d each ar~d eve~y such po!icy shall be p~ompt:y assg~~ed and delivared to i
any held by said h10RTGAGEE as furthe~ securi~y to said mor~yage d-rbt, and, not less ~han ten {10) dayt in advance of the expirat~on of each policy, to da
Itver ~o iaid MOR(GAGEE e renewal thereof, tuge~her w~th e receipt fw the prem~um of such ~enewal; and thero thall be no fire or windsro~m insurance ,
placed on any of sa~d buildings, any interest there~n a pa~t thereof, untess in ihe ~onn and wifh fhe loss payable as aioresaid; and in the event any sum
of money 6ecomes {+ayable under such policy or pol~cies said MORTGAGEE shail have the opnon lo receive and apply the same o++ actount ot the indabted-
ness sec~red hcreby or to permil sa~d /AURTGAGORS ro recaivr and use it or any pr.rf the:eo) for ori,ei purposes, vi~~ho~t th~r~ o~ waiv~ e~ ~mpei~-
ing any aqu~ty, lien w righ~ under a by virtue of this mo:sgage; and in the event sa;d MORTGAGORS s}wll for a~y ?eason fail to keep the said premisas so ~
insured, or fail to de~~ver rom t! an of said ~cies of insura~ue to sa~d MCRTGAGEE, w fail rom tl to a full an emium thereiw or in an
P P Y Y Po~ P P Y PY Y YW Y
respea (ait to perform, d~sciiarye, execuee, effect, comp~eta, comNly wirh and abide by th:s covenant, a any part ha~eoi, said MORTGAGEE may plsce and .
pay fw s~ch insurance.or any part Ihereof without wniving w affecting any option, lien, equity, w right under w by virtue of this Mwtgage, and tht
f~il amount a: each and e~ery wch payment shall be ~~nmediately doe and payable and sh~ll bear interest irom Ihe date thereof until paid at the rate ol
~e~~~c prr tentum ret annurn and to~~ther v~ith suth inte~esf shali !~e sacured by Ihe lien of th~s motlgage.
4. io permit, commit or suFfer no waste, impa~rr,ie~t w detar~oration of sa~d p?oNerty or any part the~eof.
5. To pay all and singular tha costs, char9es and expenses, inctuding a reaso~able anw~ey i fee and costs of abstrscts of title, incurred o~ paid at
~ny tin:e by said MORIGAG:E, because o~ in the event of the fa:fure on the parf of the said MORTGAGOR to duly, prompNy a~d lully perform, diuharge.
exec~te,, effect, co~~ptete, comply w~fh a~d ab:de by en:h and every the stipulauons, agreemenis, condii~ons, and covenan?s of said promissory oote and fhis
i~ortgage any or e~~her, a~:d said costs, charges and expenses, each and eve~y, shail be ~mn,ed~ately due o.^.d payabte; whether or not fhere be notite da
mand, attempt to co~iect or suit pand~ng; end the ful: anwuM of each and every such payment sha11 bea. iMerest from the date thertot unti{ paid at the
o+ n:ne per cert:om Har annv.e~; anc: ail sa;d coars, char3es and rxper.ses incurred or pa~d, togelher w~Ih such ~ntereat, shall be seturrd by the lien of tha
mo~tgage.
6_ That (a) in the event of any 6reach of this Mwtgage or default on the part oE the MORTGAGOR, or (b) in tl+e event sny oi sald s~ms of money
herein referrac! to be not proo,ptly and tully pa~d .v~~h~n tMrty i301 days nexf o~re. ~he same severa:ty becane due and payable, without demand w notice,
~r ;c) in the event each and every the stipu~anons, agreements, cor:di~~ons and covenants of sa:d promissory note and fhis morfgage any p either are not
j,,!y, promptly ar.d i~l:y perfonned, d s~haryrd, execvted, e{fected, co:~plefed, compi;ed w~th and abided Sy, then in either or any such event the u~d ag
gr_gate sum mentioned in said promi;sory note then rernai~ing unpaid, w~th interest accrued, and all moneys setured hereby, shall betome dve and pay
ac e to~thwifh, or ~hereafter, at the opt~on cf sa~d MORTGAGEE, as tufly and co~npletety as if all of the said sums of money were originally stipuiattd
i~ be pr.d on such d~y, anything i~z sa:ci prcm~ssury nete or in th~s 1. ortgayr to the comrary notwithstandi~; and thereupon q thereafter at the option of
s>.d MORiGAGEE, w::hout not~c~ or dema~~d, su~t at law or in equity, therefore or shereafter begun, may be prosecuted as if atl moneys sttured hereby
n-:d matuted pnOr to ns insiituLOn.
7. Iho! in ti.e ever,t rf~at at the beai~n~ng of or at any t~me pending any suit upon this Mortgage, w to fweclose it, or to reform it, o? fo e~forte
~ ~vment of anv do~~ns hereu.,der, s:,id MORTv:.v'cc snali apply to the Court ha.•~ng ~ur~sd~aion thcreof fot the appoimmeM of a Receiver, suth Court shall
icr.hwith dFroint d re.ei+.er ef s>~d mortgayed ~rouerfy .!I and sin3uiar, inavd.ng a:? and s~ngular the income, prolits, issues and revenues frpm whatever
s: ~~ce derived, each and et~ery ol wh;ch, :r be~ng rxpressly understood, is hereby n.e~rg.,ged as if spet~Fica~ly set fwth and destribed in the gra~ting and
t, ~':;~nd~m ciauses her~•o;, a:~d s~ch Rece~ver ;hail hara a~l the hroad and effecnve furu,ans and powers in anywise e~trvsted by a Court to a Reteiver, and
S ~GFoin'rrent sna~= he made by such Covrr as an ~dmitted equ+ty and a r.~a~~~r oi abeol„~e right to sa~d MORTGAGEE, and without reference to the
a.;=q,racy or inadrquac~ of the vaiue of the proprrty mortgaged or to the so~v~r.cy cr m:;o;.rncy of said MORTGAGOR or the defendants, and that such
•~s, proiirs, incomr, +ssues and rzvznues shal! be app~~ed h~r such Receiver ac:ord~~~g to the {ien w equity of wid MORTGAGEE and the prattice of suth
~ o rt.
8. To du!y, promFr:y and i~tly perform, d+'scharge, execute, efled, compiete, comply wrth and abide by each and every fhe stipulations, agreements,
..~d;t~ens and wvena~!s ~n sn~d promissor~ note and th~s mcrtga~a set fortn.
9. T6at in ~he c.c^! the ownenh~~- of tFe morrgaged prenuses, or anY part !hereof, becomes vested in a perwn other than the MORTGAGOR, the
:'RTGAGEE, its s~ccesscrs ancJ as_~gns, tndy, w~sho_~r r,o+~ce :o rhe A".OR~G.'Ort, dea! w~rh zuch sutcessor or successw in iNerest wifh reference to this
<gage and the dr.ot r.~reby se;ured in the serne n,a:ene~ as h•ah Liortgago. w~tho~t in any way vitiati~g ot d~scharging the Mottgagors' liability her~-
ier or upo~ the d,•ot hc•reb, s:_~~-ed. ~!o sa._ of F•emn>s i~errby moriyag..d and ne forbearante on the part of the /dOR7GAGEE or its successors
~ assigr,s and co earers:on cf ~he h~r•e fo~ rne payn:ent ot the deb~ hrrcbti scc~recf g~ven by the /dORTGAGEE or its successors or assigns, si~ell pperate
o.~•~case, dscharye, mad~fy i~argA or a+iect t're o~~y,r,ai f~a~•!ty of t~~ h.C;R(G.4Gt74? he+eirt, eifher in whole or in Fart.
10. It is sp~~c'~c ~~~y agreed thar Nme ~s ef rhe rsse~_e of this contract and that no waiver of any obligation hereunder or of the obligation se-
c;-ed h~reby shal~ ar any si:ne ri~ereah.er be neld to be a waiver of the te:ms hereof or of the instrument secured herby.
l l. In add,i::;~ so ~he io:e~c.,~~ m.c~tn'y p~ym~n+s of p+~:~c ~a: and inr-rest requi:ed by the promissory note secured hereby, morlgagar eovenaMs
~:i agrees to pay ro r.orfa,.ee v.irh each ~r.,;•~ih~y ,;a~~~ent an add.r~u~ia~ sum as~•~~ared b~ mortgagee to be eqval to 1,: 12 of the annual cost of the follow-
, A-AN rea! prop_•rty taxes ~ev:e~ o• assrsz_~d ay.;;~,s! the a6ove desc~ibed real esrate.
i B- Fr,~:; ~-,s cn f,:e ar:~ v.;: dsr~rn: ir-su+a^;e as he*e~n r~q~;red to be c.~~ried o~ the improvemei?s s~tuate on ihe above described premises.
;i C-Premivms on ~,vch mc~sg.agi gua~an~y ir.sura~,:e as n,ortgagce shall from t me !o time deem fit to carry on the loan setured hereby. ~
~ Mortgaaec sh~'i 'rv~n ~~-r.e to ;~n.e ~cr~fy mcry,-ger ~n vir;hng of the a:r.ount due ared payable hereundrr and such surn shail thereu ~ be due and
~ ;~,:e on th.= d~e oa~e o~ ~n, H.~cr ::o ~tk:y E.:~n,vnt and each sv:cessive month thereaf~er ur,Y ee shall 'fy mortgagor of a ange in such
j _~,~e!. Such sums sh.a:: be :~pp:~ad 'c•~ mer:geg,e ro~•:ard the payment of real properry taxes, insuranc rem:u s, a~ mor age gua nfy insurance
• - :vn,s.
~ IN '~~liP~ESS .1:NEREOF, ~n~ sald I'lORTGAvOR has hereu^to xf his hand and seal the day an y ar f st a e"
~ Signed, Seated an~ de''ve , in the pre nee of: p
` ~~~""ga`~
~ 1~ ~V. Ses
R6CER PWTlIA=
~ - _ CLERK C{iCWt C4~IRT v R " aq ~
- RECOAO YEP.1P4fD ~ (5eaq
~ witness : P~ ~~J dv B, nd (.se~n
"=+1: OF FLORIDA ~ ~ ~
, st. ~u~~e ~ 299860
~ : ~.'JTY OF - - - - ~
~ Before me perso~a+ly appeared _____.__ROdi1@y ~SVdl Hand
1~~[_ fi- H~Id his wife, to me well known and known to me to be
~ indi~iduals descr~ted in and who executed the foregoing instrument, and ack~owledged before me that they executed the same for the purposes
~ ~_•e;n expressed. And the said____ .1L1C~y/ B. Hand
~ `c of the sa~d Rodney Osval H~IC~ upon a separ~te and private
•~T nat~on by me ~aicen separate and apart from her said husband, acknowledged to and before me fhat she executed said instrument freely and voluo-
~ ~:y ar,d w~~hout any cor^pulsion, cor,stra~r.t, apprehens;_on~y,
or fear of or ~rom her said husband.
~ ;NITNESS r-~y hand and offiual seal this _~1~%_ day of q,~p, ~q 75
.
~ Q
~ Notary Public in and for the S e of F a al Large
' My Comm~ssion expires:
Return io: ~ ~
O«J
~ * nt Federal Savin~s 6 Loan Associai.on
~ Of =o~t P . ro;.
~~Ilii~~
~ Foit Pierce, Fl,: ~cia ' ~~~if~
:
s <<i~`~,,,.
' ' ,,,'.:'~•:~.,,~4.,,
;
~ ' ; ~ t : 0 'i ~ ~ .
.
} This Instrument Prepared By J. H. Roberts Jr. q~`- : r-.~~
First Federal Savings 8~ Loan Association : J; 5s`S
r.:,
~ of Fort Pierce , Floz ida 33450 , "~:t ~ -
c~ . ' U~ ! ~ ~ :
,
O.•rrr;~'. L't;
~ Checked By • , ~
~ . - ~j~~;-r~~.(~~ . ~=.`~4:.
_ ' t,,~~~wn' p11 ' ,
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6Q~K235 NA~E2205 d2
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