HomeMy WebLinkAbout0479 3. To plsc~ and conGnuoualy kerp on ~he b~~!d~nys now or hereaher •Huate on safd tend and on all aquipnent and psrson~lly covered by this matp-
ege, w+th all premiums ~htreon pa~d ~n tutl, fira inf~~anca ~n the viual standarJ µo~ity iorm, In s sum .+pprov~d by the MORiGAGEE, and wmdstorm
;nwrsnc~ in the ~swl u~+~dord pol•cy form, io e sum approved by iht MORTGAGEE, io such company or compan;ss af 1hs MORTGAGEE may
d~rect; ~nd afl firs and wmdatorm in~urartte polic~e~ on any of •iaid build~nya, any interest therein or parl thereoi, in 1ht a89rey~te wm aiOres~id w r' ;
in excrss ~hereof, shall coniain the uiual standard matgagee c:ause a wch orher c~ause as th~ Mortgagee may requ~r~, m~linp ths tos~ under sa~d poli- ,
c~es, each and every, payable to taid MORIGAGEE as its imrrest may appear, and each and eve~y auch policy shall be promptly a~s.gned and deGvered ro
any held by sad MORfGAGEE •a ~u~~har security ~o seid mor~gage debr, a~d, not !eu than ten (10) days in ad.ance oi the expirahon of each potity, to da ~„t
I~vs. to aaid MORiGAGEf a renewal rhe.eof, fogethsr with a receipt Tw the p~emium ol such re~ewal; and there shall bs no fire or windstor,n insuranc~ '
placed oe~ ~ny oi wid b~ildirgs, any interest thenie or part thereof, un'.esa in thr form and with Ihe loss payabfe as aiwess~d; a~d in ~he eve=~t any •~m s
of monty become~ payable u~ such poticy a poGcies sa~d MURiGAGEE slwll have the opnon ~o receive and apply the same a? +ccount of ihe iodebted- t
ness secured hereby w to permit aaid MURIGAGORS to rettive and us~ it or any parl the~eof to~ otiiar purF~osrs, w~thout ~hanor w.:ivi•~g o~ ~~npair- ~
~ng any eqv~ty, lien w right under a by virtue o( ~h~s mo:~gage; and in tfie event ia~d MORTGAGORS shall for any reason fail lo keep the sa~d premisri so
nsvred, or fail to dttiver pro~iplly any of seid polities o( in~urance to said MORIGAGEE, or (ail promptly to pay fully any p~emium the~efw or in a~y
r~specl fail b parFo~m, d~xhdrge, execufe, effecf, comp~etr, comply wi~h and abide by thii tovenant, w any parr hzreof, said MORTGAGEE may puce and
pay fw :uch insurance o~ any part thareo/ wl~hout waiving or affectiny any option, lien, equfty, o. right under w by vir~ue of this Mortgage, a~d tl.e . ,
i~i1 amount o( each and eve~y such pa~menl ahall be mimediately Jue and payab!e and shall bear intare:t f:om the date Ilureof until paid at the rate o~
r per centum per ann~m a~x1 to~ether .•.~~h svch inte.est :hsfi be secwed by the lien of this mo~tgage.
To permit, tommit or suffer no waste. impairment w dete+ioration of said property or any part thereof.
5. To pay all and :ingula~ the costs, charges and expenses, inuud~ng a?eaaonable 'anornev i fee ancf costs of abs~ractf of title, i~curred or psid at
i~y time by said MORIGAG:E, because w i~ tne evam of the fa~lure o~ the ps.t of the said MORTGAGOR to duly, prompNy and fuUy pertorm, d~xhar9e,
execute, etfect, complete, comply w~ih and ab:de by esch and every the stipulanons, agreements, cond~tions, and covenants of said promissory no~e and this
,:~~tgage any w either, ai~d sa:d costs, cha~ge• and e~penses, each and eve:y, ihall be immediately due and payab~e; whether or not there be notice de
r:,and, attempt to col:xl w suit pend~ng; and the full amuunt of each and e~e~y such payment shall bear interest from Ihe date thereof until psid at the
oi ~~ne per cent~m prr arn~um; ar~~ efl ;a~d custs, cha~gea and rap.:nses ;ncur~ed w pa~d, together wnh such inte~est, shall be secured by 1he lien of this
mortgage. '
6. Thst (s~ in the event of a~y breach of fhis Mbrtgage w dafaul~ on Ihe part of the MORTGAGOR, w(b) in the event any ot uid sums of money
h~rein referrad to_be not promptly and fulty paid wi+h~n thury (30) days next aiter the same severally become due and payable, withoul demand or notice,
o~ ~:c) in the event exh a~d every the stiR:~iations, agreements, condi~ions and covenants of sa;d promiswry no~e and th~s mo~?ga9e any o~ either are nol
~u:y, p~omptly end fully per(ormed, d scnarged, execut~d, effected, co:np!etzd, compl~ed with and ab~ded by, then in e~lhet w any such evpnt the said ag
~gate sum tn~ntioned in said promissory ncte then rCmai~ing ~npaid, w~th interest atu~ed, and at! moneys secured hereby, shall become due and psy-
a~ c fo~thwith, or thereafter, at the opt~on of sa;d MORTGAGEE, as fotly and completeEy as if all of the said sums of money were u~g~nally suputated
be paid on svdf day, a~yth~ng in sa.a pro.~-~ssory note or in thfs Mortgage ro the co~trary notw~thstanding; and thereupon w thereafter at the option of
s~ ~ MORTGAGEE, wifhout nonce or demand, sun at law or in equ~ty, therefore or tnere.~fter begun, may be prosecuted as if all moneys secured hereby
r. md~ufCC~ pnOf 10 i11 in3lituhOn. .
7. That in the event that at the beg~nn:ng o( or at any time pending a•iy w~t u~on this Martgage, a to fwecbse if, w fo refoim it, or to enforce
_ v~~~ent of any ciaims 1~ereur.der, said MORTGNGEf sha11 apply to the Court hav~ng ~ur~~d~Uion thereof {o? the appointment of a Receiver, such Cour1 shail
w~tn appo~nt a receiver of said mortgaged prop~~rty ali and s~ngu:ar, ir.clud~ng a;l ar.d s~~~3ular the income, proiita, issues and tevenues from whateve?
~ •ce de:~~ed, each ai~d every of :~f,~ch, ~u,g eapriss!y understood, i~ hereby rt}c:tgaged af if specifitafly u1 forth and destribed in the granting and
..~~ndum dauses Ixreof, and such Receiver iha~i h.+ve ell rhe broad and efiectfve fuccc.o:,s and powers in anywise eMrusfed by a Court to a Receiver, and
s__h appointme~~1 shaif be made by such Cou~t as an admitted eq~ity and a r^atter oi a5sui~re right to aaid MORiGAGEE, and without reference to fhe
i,:quacy or inadequacy of the value of the p~oprrty me~tgaged or to the su,.ency or msavency o( sa~d MORTGAGOR a the de(endanti, and Ihat such
~~•s, profits, income, issues and reven~es sha~t be appiied by such Recriver accord+ng to ~he ~ien or equity of said MORTGAGEE and the practice of such
~~urt.
8. Te du:y, prompt:y and fully ~rform, discharge, execute, effect, complete, con,ply with and abide by each and every the stipulatiun, agreements,
_ d:r~ons and covenants m sa~d promissory ncte and ~h,s mertgaye set forth. ~
9. That in thr evert the own>nni,r. of tF.e mort~age~ prea,ises, or any part lhereof, becomes vested in a person other than the MORTGAGOR, ihe
."RTGi.GFf, i+s wc:essors and ass;~ns. may, wi~ho~r no+:ce to the N.ORTGAOR, dea~ wiih such successor or successor in iNerest with reterence to this
-.•tgage and the deb~ hereby secured iR the same mar.r.er as wuh ldo~tgago~ wA~ut in any way vitialing p discharging the Mortgagori liability hert
:i_~~ or u~un tha deb+ he~rby scwr~d- ?.to sate of ~I:e pre~~.ises he,eby rnortyaged anJ no forbearonce on the part of the IAORTGAGEE or its successors
+s;~gns a~~d no exrens~on of the t~m~ for rha payment cf tr,e debt ne.eby secured given by the MOR7GAGEE or its s~ccessus or auigns, ahall operate
re case, d~s~harge, modify change cr affecr stie or~g~nai l~ao:i~ty of tne MCR7GAGpR nerr~n, either in whole or in part.
10. h is spe::F3cal~y aar~ed rhat hme is o~ the essente of th~s contrad and that no wai~er of any obligation hereunder or of the obligation se-
__•ed h~reby sha?~ at any time ihe.eaEter be he:d ro be a wei,er of the !erms hercof w of the instrumeM sewred herby.
11. In add ::c~ •o the fnreyo:~~g mon~6!y F:a•:mc nts of pri:~c ~at and ~nterast required 'by the promissory no!e secured hereby, mortqagar covenants
agrLeS to pay ro mcrrg~~er ..~rh ea-h momh'y ;:a,~.,en~ an odd.nonat sum esr:~~aied by mortgagee to be eq~al to 1,%12 of the annual eost of the follow-
~ . A-ir!! fE3I prope-l~ tax,•s '•ened er assess_~J ~g~„st the a6ove desc~:t,ed real es!atc.
f B- Pr~rr on fve ~r.d v~~nds!o'~n :r.su~arce as nereir. r~-qv.red to be carri.~a en the improvements situate on ihe above d:stribed premises.
' C-Prer~i•;~rs on wch m~rtg;ge guara-ty'~cs~rar.ce as mo~sgagee shall frem Yme to tirne deem fit to ca?ry on the loan secured he~eby.
j 1.1ortgagee s~y'I f.cm t~~•,e to t~~~•e «o•~ji morrg,•go. ,n wr~nng of th~ a•ro~nr d~~e ar.d payable hereunde? and such sum shall thereupon be due and
't on !h•_ d~r date of tFe next n:o~ah y~~ay~~~rr.t and eoch wccess~ve mo~vh !he:eaft~r ur~til mcrtgagee shall notffy mortgagor of a thange in suth `
~ ,;nr. Sach s~ms sha:i be ap~~icd by m~rtgey~-e re:.a•J the paymenr of real properfy taxes, insurance prem;ums, a~~d mortgage guaranty insurance
~ ims
~
~ i'~ `;,IITtJESS '1'N~R~Gf, the sa+d J~~ORiGAGrJC has hereu-;to set his hard and seal the day and year first aforesaid.
i Signed, $ealed and d~tive:ed in the presence of: ~
~ -
n
~ - S e h G. Nei 1 ' a1)
~ ~ aq
* - ~ ~ _ Linda 5. Neill r =
~seaq
_ ~ ~ OF FLORIDA ' ~
~ 1 SS' ...~~.~~~i~t;.
: ,,'~TY OF ----.~Lt.__L31GlP _ 1 • ~r ~ •
Before me personally appeared _ S H , ~ ,
• ~ and
Linda Nei l l h~: W~fe, to me well k, p• ~•}~o~ f.
q'~s . , `
_~ndividuats descr;bed in and who executed the foregoing instrument, and acknowledged before me that they exec~ted )1ie~ "fS~ f1~ auF~bf~f
! _ =;n expressed. And the :a;d_ _ Linda S. Neill = . ' = ;
~
~ ~s-
~ _ of the sa~a SteDhQ~G NQ111 ~7"y~~' ,,.~t ~~t ~
~ nar~on by me taken seoaratt and apart Irom her said husband, acknoviledged to and befwe me that she executed tii~ yu) uA+E~$e~y~btl~~t-
ard w:tnuut any com~u's~on, cor.s!raint, apprehenslon, or fear of or from her :aid husband. -
r YJITWE55 my hand ar.d off~c~ai seal th~: _ da or_ January
Y n ' -~_..,:'lA ~ D~ 19
_ / ~ , .
Notary PublK in and ior t State of Horida at large
~ My Commission expires: ~ p- 3 0- 7~
~ Retum io:
~ ;:-sr Federal Sav~ngs 6 Loan Assoclat:on
Of forr ~ . ~ce.
Fort P,erce, ficriJa
~ '
f I.ED Akp p
~ This Instrument Prepared By Rober t A. Swisher , Jr . ~U~~E ~ ~ ' ~
~ First Federal Savings 8~ Loan Association R f CLERXC~
~~~I R~~ l,J~'
f ~
~ of Fort Piercef Florida 33450 CORD YE~?f1E0 ~~U~t ~
~ ,~p
~ Checked By 1;~ ~(e S t1
~ ~f
s~
BOOK~JU PAGE ~79 3
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