HomeMy WebLinkAbout1567 3. To place and co~tin~ouily kccp on tha bu~:d~ngs now a hercafter s~wste on ~a~d land and on all equipment and per~on~lly coverad by this'nwrfp~
egs, with all premiums thereon pa~d ~n 1~II, hre insurance in the usual sundsrd poli~~ lo~m, in •~um eppoved by the MOR~GAGEf, and w~nditwm
~nsur~nc~ in the usual sundard poLcy (orm, in a sum .Pao~rd by the MORiGAGEE, in wch company . or tompanie~ as 1F+~ MORTGAGEE m~y
d~rec~; u,d all fir~ and w~nda~orm insurance poliues on any o~f ~a~d build~ngs, any inte~c~t ~herein or parl ~hersof, in ~hs aggreyats aum •faesaid a
in eaceu thereof, ~hal1 contain the usual i~.~ndard mwt9agee ctaute o? such other c~eus~ as the Alwtgagee may ~equire, malinp ~1~e bi~ unde~ sa~d polf
c~ca, each ~nd every, payable ro ssid MJRTGATaEE as its inte~ral may appear, and each and eve?y such poticy shall be p~omptly aati 9ncd and delivored ~o
sny held by said MORTGAGEE ss fur~hor arcurity to ssi[I mo~tga9e debt, and, rat fess +han ten l10) days in advancs o1 the expi,~tion of each pol~cy, to d~-
Gver t0 ssid MORiGAGEE ~ re~~ewal fhereo(, logethe~ with a reteipt fw Ihe pwni~m of tuch renev.al; and tl~ere shall be no fite or windswrm insuranc~
p!aced on aoy of said buildir~s, •ny interest the~ein or part the~eof, unlesa in the fo~m and with the lou payable a~ aforesaid; end in the evenl any sum t' ~
of money becomss payable undcr such poticy or pol~cies seid MORTGAGEE shall Mve ths pptloe to receive and ap~ly ths wme on atcoum ol the iadebted
nrss secu~ed hereby a to pennit sa~d ~dORTGAGORS lo receive and use it or any part thereo( for oti,~. pwE~oses, without thareui w~i~ing or vnp:~ir-
ing any ~qu~ty, lien w right under or by virwe oi ~his mor.page; and in the event u:d MORTGAGpRS shall (w any reason fail to kcep ~he said premis~:f so '
;nxvred, o~ Fai~ io de~iver promptly any of said policies of insurance to sa~d MORTGAGEE, or (ail prompt~y Io pay fvlly any prernium therefw or in any
respect fail to perFwm, d~scharge, exacute, ettect, canple~e, compty wirh and abide by fh~s covenant, or any part he~eoi, aaid MORiGAGEE n:sy piace and
pay (w such insurance or •ny part thereof without waivi:g o~ affecting any option, lien, equity, or riyh~ unde? or by virtue ol this Matgage, and the
f~ll amoum o( each and etie+y svch payment shal! be immediately due and payable and shall bear interest irom the date thereof until paid at the rate o1 ¦~y
~:e per centum per annum and to~r~her wlrh svch inte~rst :halo t.e secu.ed by the I~en of thif mwtgage.
To permit, commil or sufier rro wasfe, impairrnent d deteriorotion o1 said p~operty w any part thereof. r
S. To pay all ar~d singular the costs, charges and expense~, indudmg a reawnab!e attwney's fee and costs of absfracts of title, incurret! or paid at '
rny ~in:e by sa~d MORIGAGfE, beca~se oa in ~he even! of the fa:iure on the pan of the said MORTGAGOR to duly, pron.ptly and fully perform, discharge.
_.ec~te, effect, comp~ete, ~on,ply w~th and ab de by each and every the stipuiat~ons, agreements, condiliona, and tovenants of said prom~ssory note and rhi~
n.orrgage any o? e~~ner, end sa~d cosrs, chargrs and expenses, each and eve~y, shali be immediately due and payable; whNher a not there be ~otice d~
~,,,nd, auempt to coi:ect or tvit pend~ng; and the (ull amount of each and every such payment shall bear interest from the date thereof until paid at the
of n~ne per crntum pw an~w.n; anc~ a~f sa~d c.~sis, c~a~ges and rap~~ises ~nwrred or paid, to9athe~ w~th such inte~est, shall be secured by Ihe lien of thii
mortgage.
6. Tha1 (a) io the evero of any breach of this Mortgage or defau'r on tF~ part of the MORTGIlGOR, or (b) in the event any of said sums of money
herein refe~red to be no1 pro~nptly and fulty paid within th~rty (30'/ days rteat after the same severa?ty beconie due and payable, wilhout demand p ~otice,
~r (c) in rhe event each and every ihe stip~iations, agreements, conditions and covenants ol sa.d promissory note and th~i mwt9age any p either are not
~„!y, prompHy and fv11y performed, d.scha~g•~d, esec:,~ed, effected, co,npletrd, co:7~pi eci v:ah and aD~ded 5y, then in either or any such event the sa~d eg
yregatr wm menhoned in said pron.issory note then remaining unpaid, with interrst accr„ed, and alf moneys secured hereby, shall betame due snd pay-
a~'e forthwirh, o~ thereafrrr, at the opr;on cf sa:d AM1ORTGAGEE, as fu~ly arxl compteteiy as if all o( the sa~d sums of money were w~ginatly stipuiated
o be pa:d on such da/, any~htrg in sa.d pranlssory note or in rhis Mortgage to ~he ca~trary notw~th~tanding; a~d thereupon or therea{ter at the ophon of
s~.d ~AORTGA~EE, v~~vF~cut noNCZ or drn:ar.d, suit a~ law or in eguity, therefore or the~eafrer begun, may be prosecuted as if all moneys secured hereby
r. ~d matured pr~w to its instit~tion.
7. Thaf in tFx eve~t that at the beginning of or at any t~me pend+ng any su~t ~Fon this No~tgage, or to foreclcse if, w to reform it, or to enforce
psyment oi any c!~:ms hereunder, said MCiRIGA"vc, sha:: app{y Io the Co~~~ ha.ing ~wisd~aion therebi fw the appointmeN of s Receive~, such Covrt shall
+~•rnwith appo:nt a recei.er of soid mort]a3cd propr•fy ali and sinyu'ar, indv~l~ng ail and sh.gvtar the ir.con~e, profits, issues ar.d revenue~ irpm whatever
ccrca denved, each and evrry of whKh, be~~~g .xpress:y urxlentcocl, is here6y m.ongaged as ii speufitally set (pr~h a~d described in tbe graming and
i,3~endum dauses he~rof, aed such Recewer shaN h~ve ail the broad and efiec~ive funct,oos a~d powers in anywise entrusted by a Cwr~ fo a Receiver, and
s, ch appointment shall be made by such Co•~rt as an ao:n~tted equity and d*rd'7Cf of abictu~e right to said MORTGAGEE, artd without referenee to the
.7C~ByUdCY OI inadrquacy ol Ihe valu¢ of fht property mortgaged or~to the so.vrncy or ~nsoi~ency of said MORTGAGOR p the defendants, and ?hat suth
•,rs. profits, income, issues and :evenu~s snal! be appl~ed by wch Rece~ver auord.~.g ~o ~he lien or equity of said MORTGAGEE and the practice of such
~^~~rt.
S. To e~v!y, prompt~y ar.d (ul[y yeriorm, d~scharge, execvte, e!fect, compiete, con:uly w~ih and abide by each and every ihe stipulations, sgreements,
nditions and eovenants m sa~d promissory no~e ard ,h.s mortgage se! forth.
9. 7hat in the event the ownersh;F. of rhe rno.~yaqed prem~ses, or any part tnereof, becomes vested in a persa~ other fhan the MORTGAGOR, the
: JRiGAGEE, its successo~s and ass~g~s, may, wiihovt norice to the A50RTGAOR, deal v.~,h svch successw a successor in intertsl with reference to this
o-rgage and the drbt hcreby sewred in the same ma~~er as with Alwtgagor with~ut in a~y way vitiati:g or d~scharging the Mortgagori liability herr
i_~r r. ~pon the d_bt hereby seo~•ed. No ia.e of the Fran:~ses h~reby rnor~gaged and no forbearance on the part of t}+e MORiGAGEE or its successors
o~ ais~gns and no extension of rhe tir~: for rhe payn,ent of the debt hereby aecvred given by the MORTGAGEE or its successon ot au~gnf, s~1aU operate
o reiease, d~scharge, modify changa or affect ihe orig~~3at tiab:l~ty of the M.ORiGAGOR herein, either in whole a In parl.
10. It is speufically agreed rhat time is of th? essence of this contraa and tF~at no waiver of any obllgation hereunde~ or of th~ obligatan sr
c~~ed F?ereby sha11 at any time thcreaffer be netd to be a waiver of !he terms hereof or of the instrumero sewred~l+er~y~--
i l. In acid eio~ to the fo:ege ~:q month!y payrn.:nts of prir,c pal and inrrrest requicrd by the prom;swryr no!e secured hereby, mortgagw eovenants
+r.d agr~ea to pay to mo:tgagee wah each n:~nth(y payrnent an a:fd~rio~a! sum rstima?ed by mortgagee to be equal to l;' 12 of the annual cost ot the follow-
~ A-Al! rcai property 13xeg ievicd or 31S°SS~cI aga~nSt the above descri~cd rrdl estate.
B-G:e•~ :,:-,s on f;*e artd v:[ndsto~m ~r.sura^cr as here~n req~:red to be ca~r~•,d on the improveme~ts s~tuate on the aoove described p~emises.
C--Vrem~;,n-s o~ such mengage gua*anry ics•r.ance ~s mo;rgagee sha;i frcrc rme to nme deem fit to carry on the loan secured hereby_
Hbrtgegee sh~'; f.om ~~me ro ti-.e ~ot~fy morrgrgor wrinng ot the am.o:,nt due and payable hereundrr and such sum shall thereupo~ be due and
j .~h e on th~ d:~e dat~ of tha neAt ~:c~th:y p3ym~nt and each y~,~e5sive ~mor.th the~ ~ftrr ur,til mortgagee sha~l notify mortgagor of a change in suth
_~.nt. Such s~ms shail be app;ied by m:rtgeg-.e re.vard the payment of real property taxes, insurance prem:ums, and mwtgage guaranty insurance
~um
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j N Y!liNE55 '.YHE `Of, the said t.1vRTGl.GOR has hereunto set his hand and seal the day a~d year~irst afwesaid.
~ igned, Sea and iiver i the p~sence of: E
F G AMO RECORDEf C.,
i - ~~WC1E COW?Y iLA. `~~~'~[,Q~! i rc~a4
~ RO~t 0:
z! TA?S Millie A. Rho s
!`f CIEA[ ClnCU~t ~aU~T (Seaq
y - ~'PEC~RO YfR~ts~~ (sea~)
+ ~ L¢1 O . RhOdeS Seaq
~ ~~:.T: OF fIORIDA ~
~ ;~~~rY oF _-_St . Lu_~ie _ 301631
~ Before ~~so,d;~~ appeared Millie A. Rhodes , formezly Millie A. Miller - ~
and
' Leroy E. Rhodes
~ his wife, to me well known and known to me ro be
_ individuats descri6ed in an~ who executed the foregoing instrument, and acknowtedged before me that they executed the same 4or the purposes
~ ~~_~e~n expressed. And the sa:d ~Y_oy_ E Rhodes
of the sa~d Millie_A. Rhode_s__, foraerlv Millie A~Mille= vpon a sepa:ate and priwte
~ nat~ar. by me ta+cen sepa:ate and apart from her said husband, acknow:edged to and before me that she executed said instrument freely and volurr
~ ; aed wnhout any compu)s~on, censtraint, apprehen ' n, or fear of or fran her said husband.
`s '.YIiNE55 my ha~d and of(~c~af seal th~s_ ~I~r _ rlay Februar ~ p: 9 7rj
•
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; Notary Public in and iw the te of Fb a af Large /
' My Commission expires: ~1
R Rer~rn To: ' ` A ~A~~ ~G,
/0~.. .j~ _ ~
; ~;rst Federal Savings 8?o3n Associat,on
Y Of fort P erc_. ~~.~:~'~H~rirr;.~ : ~
~ Fort Piarce. Flor~da ~ ' \
~ - ~ • ~ „ + flG. - '
`v • Q 1 /~'i+••~• ~d. , . .
~ This Instrument Prepared By John W. Collins .o~~ r.. Q,;:~~
~ First Federa) Savings 8 Loan Association = ~ ~ ~ + ;
of Fort Pierce~ Florida ' F.'•.p~$L~~ 6~;.•~
~ ~ = ~ ,
~ ~ ~S~
~ Checked By yi~ • ~
~ ~ ~ ~
~.iR~J?i~~A
'1.
~ s~~ ~ ~1586 ~ ~
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