HomeMy WebLinkAbout2640 3. To place snd con~inuou~lY keep on ttM b~ildings ~ow a hcrestter ~~tuats on sa:d ~and and on a~l equi~•nen~ and personally covered by thia mat~
ege, w~lh all premium~ thercon pa~d in fuil, fire insuronce m Ine usual ti~anderd po~~ty torm, in a s~m ap~ored by the MORiGAGEE, and w~~dstwm ~
~nwrance in the uswl s~andard poticy fwm, i~ a aum approved by the MORIGAGEE, in txh company o~ companies a~ the MORTGAGEE may
d~reu; snd all (he snd w~~dseo~m insurance poliues on any oi said buitJ~+~pi, any int@rest the~ein or part thersof, in the aggre9a~e turn aforesaid or -
~n eacass Ihrreof, shaU contain rt+r usua~ s~andard mwtgagae c~ause or auch other cfause a~ the Mortyigee may ~cqu~n, mal.iny Ihs lo~s u~de~ s+~d pott '
ues. each and every, payable to said MORTGAGEE as ~ts intc<<s~ may appe~~, u+d each and every iuch poi:cy a~~a~l Ix promptly ass g~~ed and deGvered to -
any held by ssid MOR~GAGEE as funhe~ security to said morig~ge debf, and, not less ~han ten (10) days in adve~xe of ~he eap~rst~on oi each policy, to ds- _
~~~e~ to said MORTGAGEE a renewal thereof, logether with a rete~pt for the pramium ol such re~~ewaf; and there thall be ~o f~re or windstorm in~urance
placed on •ny of saed buildi~s, any interost thers+n or put thereof, ~~:leu in the fonn a~xl with the losa payabte as afwesaid; a~d in the eveM any tum
ot money bccomes peyable vnder such policy or policies said MORiGAGEE shall have the option to receive and apply ~M ssme on account ot the iodebted-
ress src~red hcreby or ~o permit said MORTGAGORS ~o receive a~d use it or any ;.~~n t1~e:eof ior o:~~~ r pu:~ osrs, .•.~~heut ~h~~~u; wa~vinq o~ ~m~i.- t
~n~ any equ~ty, I~rn w riyh~ under w by vi~we of this mor!ya9e; and in the event sa~d MORTGAGORS shatl fw any reaso~ fail to keep the sa~d premisas so -
~~~swed, a fail ro dei~ve~ pranptly ~ny of said polkies of insu~ance to sa~d MORTGAGEE, or fai: promptly ~o pay fuily any premi~m thcrefor a ie a~y
~es~rct (ai~ to periorm, discha~ge, eaecvte, elfect, comp~ete, compfy w~ih and abide by th~s tovenant, or any parl hareof, said MORiGAGEE may piace and
pai (w such insurance w a~y part thereof without waiv~:~g or aflecting any option, lien, equrty, or rigM unde~ a by virtue of th~s Mortgage, and the .
:I emo~nt of each and every such pa~me~t sfiall ~ immediately dve and payab!e and shaU bear ime~esl fran tha date thereof until paid at the rale o~
~ e per centum per annum and to~ether w~th scJi ir~tr~est ihaf; ~e secured by ihe iien of this mortgage.
1. io permit, commit w suffer no waate, impainnent w dete~:oranon of said property w any part thereof.
5. To pay ail and sing~fa? the costs, cherges and eapenses, indud~ng s.easoneb3e attorney's fee and cosls of abstracts of title, inc~rred w paid at
rme by sa~d MORiGAGEE, bzcause w in the evenf of the fa:iure on the part af the said MORTGAGOR to duty, prompNy end f~lly pe~forrn, d~scha~ge.
_.~wre, efieU, con,p:ete, comply wnh and ab:de by each and every rha srip~lat~o~s, agreements, conditions, and covenants of said pranissory note and this
•:gage any o~ e+ther, and sa d costs, cha~get anrl rxFensrs, each and every, shall be immed~ately due and payab:e; whether q not there be notice dc
,r.i, attempt to co:tect or svit pa~~d~ng; aod the fu!! amuuM oi each and every such paymem shall bea~ interost irom the date thereof un~il paid ~t the
• n~ne per ienium Frr .,~~~+o~i; anc'. a~: s~~d cos's, cr~a~3~s a^d ~.Y~nsrs ~rxu~red or Na~d, together w~th such ~nteresl, shatl be secured by the lien of thii
,nc•rgage. - ~
6. That (a) in thr event of any breach of this Mo~tgage or defaule o~ tFw part o( the Af40RTGAGOR, or (b) in the evenf any of sa:d sums of money
r.erEin referred to be ~ot pron:ptly artJ fully paid wnhir, thuty (30i days ne,et atter ihe sanx severa!ly become dw ~nd pay+ble, wi~hovt demand w notice, '
_r c~ in rhe event each and every the s~iputat~ans, agrrements, cond~tions and ccvenanta of sa.d promissu+y note a~d this mortgage any or e~ther art od ~
;;rompdy and f~ily performed, d s:harg~-d. eYecuted, eifecreJ, canp(et_~, co~np;md w~~h and a6~ded by, then in e~ther w any such event the sa~d ag ~
+:;~*r sum ment:aned ~n sa~d p~omissory nete then ~e~na~n:r~g unpaid, w~rh intr:e>r acuued, and atl moneys secured hereby, ~hall become d~e and psy-
_ fonhwith, w thereafrer, a~ the op•~cn of so•d tAOR1GAGEE, as iui~y and compie~e~y as if ail o~ the s~~d sums of mooey were w~ginally st~pulated f
oad on such d~y, anyth~ng in sa.d prun,>>:y narr ec in this Mo:tgay^ to the co~~~rary notw~thstanding; and therrupon or therealte~ at ihe option of 4
`~ORiGAGfE, w~~~.out nor~ce or ucmand, s~~t a1 iaw ur ~n equkty, ~hr~e(ore or tl:arcatier begun, may be prosecuted as if all moneys secured hereby =
:i n,atvred pnor to ns inst~rt~non. '
7. That in ~he evei:t ihat at the ~~e~ ~nl~:g c:f or a1 any t~~~~e ,ncr,diry any w~t u~~o~ this Mortgage. or to foretbse it, or to reform it, or to enforte E
..~rn! oi any c!.3~ms hrrevc:der, Sa~Cj l~.vR7GFV~C Snd~: 6PP~Y !u tF.e Co~rt hav:~:g iu~ud.ciiu~ the~eof for the appointmeN of a Receiver, such Co~rt shail
-.~;rh arpoinf a re:e~rer of s~id m~:tyaged ~:o:- •ty a!! a:d :~~'~~:ar, ir._;~..i:;g .+~I and s~n~u~at the income, p~olils, issues and ~evenues fiom whatever
, , d~•ri•md. exh a~,d every et wh,ch, ~e b•~~ng er~:ressy .~:~d_•~stoca, Is her~l,y :n:,~r~ga9ed as if speuiicaliy set forth and described in the gran~ing and
• dvm c'a~ses her:~of, anc~ such Rece~ver shail have aiI the uroad and riiectnre fv~ c~n and povrers in anyw~se entrusted by a Cou~1 to a Receiver, and
arpcinime~:t shrt ~ rr.ade by such Co~~rr as an admitted eqc~i~ and a~^afier eT ~bso'~te nght to said MORTGAGEE, and without re(erence ro the
;:y o+ inadequacy of fhe vai~e of the pro~erry mo~~gayed or to ihe sc.ve~~cy or :nc.o:vency o1 said MORTGAGOR a the deiendants, and that such
•s profirs, income, ~ssues and reven~es sha~l be app{ied by such Rece~ver a~ccrd~ng ~o the Gen or equity of said MORTGAGEf and the practice of such
.c..rt.
9. To d:;'y, pron~ptEy and fui~y perform, d~scha.ge, execuu, effed, co~:+ptete, cornply with and abide by each and every ihe stipula~ions, agreements,
i,tona d~~d covenar.ts in sa+d promissor~ noTe and sh+s moctgage se! fotth,
9. Tkot i:i ~he evant the ov:nerzh~F af the mo-tgaged pre^~~ses, or any part thereof, becomes vested in a person other than 1F.e MORTGAGOR, fhe
..='GA~EE, ies SVCCiS`uf5 an:1 as~.•_ns, ~^.+y, v.~:F,:.~i r.cr;ce to ~he MORTGi•02, deal w~rh svch successor or svcceswr in ~nterest with reference to this
~;~gc a~~d ~i:e o•_h~ l:ereby ~.xu:~d in the same n:a~~ncr as ~.~th ldorf~3JJ~ w~~nout in any way vinating w d~scharging ~he Nlortgagori liability hera
• or vjwn fhe dr:.•t he~eu~ s,c:~r~d. ~:o sa c af ~,~z ~rem,ises he~rn{ morlgaged ar.d no forbearance on the part oi the /A~JR7GAGEE or its successors
~~s gns and +~c ex!e~~;~c~ of tnr }~:^e ro~ thr cay:re~t ot tr,2 debr h~.<~by sec~red g:ven by tne ~dORTGAGEE or its successws or ass~gns, shall operate
~.~'a..;e, d.scharge, r.~odify c!:ang:.• or a~rect the cr.y.n,l I~ai~..!y oi ti,e N.ORiGAGOR k~erein, either in whole or in part.
10. It is speafi;aity ;g•eed ihat rur~e ~s of the essence of ttus contraU and that no waiver of any obtigat~ort hereunder or of the oblgation se-
,_•ed hareb/ ahal+ r.t any ti^ie thereatte. o~ hc~:d to be a waiver of the rerms herccf or of the instrument srcured herby.
11. 1~ ~:ia.f;o, eo nc~ fwecc n3 r,~nth'y ;,ayn,,nrs ot prnc pal and i^.rerest req~~red by ?he prom~sscry no!e secured hereby, mortgagor eovenanis
_ a,•ces ~o pay ~o rio'tgeg?e v:~rh ra:h n~c~,ri, ; ya.~,,e~:~ an aUd.~lc:ndi sum cit ~.at~d by mo~tgagee fo be eq~al to 1/12 oi the annual cos? of the follow-
i
, q_q~l •ee~ Nrop~•.ty ta,c~s !e-~e,r' ~r ~s,essc.i ry,~•:s! the aoo:e drscri;cd r_al es!a~e. ~
b- Fr_~. ,~~,u on f,•~, and w:nJsro:n: ~rw•a• ce as hc._~~n reG~.rcd ~o br :a~r~~-d o~ the :mprovements s~tuate on the above d~scribed premisea. ~
i C-Pr_~m[;,n s on >:xh ~ e~r;>ge gua~ ~^ty i~5v'a~ ce os ~no~raa :ee shaf~ fro-r t me ~o fime deem fit to carry on the loan sec~red hereby_ f
'.'.ortg~ac°e saa:` f-e•*, !n.:e to r~n,e rr~f; ~r.c~:y<~g~r ~n :.r~r.ng of the a-:o~~t due and payable hereunder and such surn shall thereupon be due and ~
~ ~ o•, fhe d~e da!? oi ~h~ ~~ett ~~e~rth'y ; ~r«.e.,r and e~c!~ successive ronth ti~ereafrer ur,til mortgagee shall notify mortgagor of a ehange in such
r. Such svms s~-aJ 6e app~~ed i,~ mtrtg.,ry •c tof.a•~ the payment of reai prepeny taxes, insurance prem:ums, and mortgage guaraMy insurance
. . ..i•~li. {
€ 1'~ ~~IT~tESi 1!iHEREOf, rne sa~d h102TGr.G.,R haa hereu~to se! h~s ha~:d and seal the day and year first aforesaid. _
5 , Si , , Sea! .ar ~~'.~vered in the presence of: i~Q~~~~:.C~~Y///• '
€ ~ ` ~ , v (Sean
~ t~,itness _ _ _ _ ' llie M. Gilbert
~ ~ _ ' "r. ~ - aq
~ '~~itness ' a erine Gilbe
_ ~SeaO
r L.
~ - r ~ oF }~414K ~tD ~
~/t tE~ ~ (_~~!!~F'~ ~ ss-
~ ;•~r~ oP I
= Billie M. Gilbert
Before me persona!iy appeared and
_ CdL fle 1 1l1Q l.. Gi lbe r t his wife, to me well known and known to me to be
~:,div~dvais described in and who exet~ted the foregoing instrument, and acknowiedged beforc me that they e:etuted the same fw the purposes
- •~'n expressed. And the said Catherine 1.. Gilbert ~
~ "e of the said _ B
l l l lEi t~l Gi lber t upon a separate and privstt
~ nanen by n~e taken s=para~e and apart from her sa~d husband, acknowiedged to and before me that sFx executed said instrume ~f(e~s1Y,l~ ~~rdil~i~, ;
~ ,i and w~tho~r any compulsion, constraint, apprehens~, or fear of or from Mr said husbar,d. ~ F•.' v,3,...; • s
v .
~ WITN:SS my hand and of(~cial sea! this day of Februa~ `~.•j~~~~_~ s
p At~O ~ECvRDEO . . ~~l~ t ~ :
~ ST`LUC1E,v0U1~TY Notary P~blic in and for the Sats.:of'~ .{i~~~gi _ ~
_ Rp+;En ~~~tQ~~ Rj IIRy Comm~ssion expires: ~ ~~?t~ _ •
- Return To: tl!~ G{'Z~+V~T ~i ~L ~ ; ~ - .
~:rst F r I vin s b loan Associat;on C`~~ `~~c`FiE~ ~~J • T~-' o
t ede a Sa g Rf CnA ~ .
f or ;~,.r o.,.:~~. ~ 5 r•l~~.~ e~r t~~, ~:Z(~+1' .
~ 2~ 12 03 H 1 , ;
Fort Pirrce, flcr.d3 E8 . ~ ~ ~ :
~ F 3p~56 ~ . ~
~ ,
~
~ This Instrument Prepared By John W. Col l i ns F
~ First Federal Savings 8 loan Association
~ of Fort Pierce , Flor ida ~
~ 1
Checksd By ~ ~
~ R T~~3 s ~
r ~Oac~~ ~~YV~i + ' ;
~ - `
~
_ - - - - _ - ~ ~fi .
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