HomeMy WebLinkAbout0055 3. To place and continuoualy keep on tne bui!d~~ays now ot hereafte~ ~ituase on so~d land and on aH equipmeN and personally covared by this mo~ly-
nga, wiih all p~emi~ms thereo~ pa~d in 1~t1, t~re in3uranit ~n the usuat srand.+~d po'ky lorm, i~ a tum approred by Ihe MURIGAGEE, and w~ndstorm ~ F
,u~rance in the usual srandard po!:cy form, in a wm approYed by ~he 1NORTGAGEE, i~ such company or canpanies as Me MORiGAGEE may +
d~rea; and all (ire and windstorm inswance potic+ea o~ any of s~~d twi+d~~gs, any iMCresl therein or part thereof, (n the aggregate sum afwesaid a .1
~n exceu thereof, sh~U contain tne uwal sta~tidard mo~tgagee dause or such other clause ai tM Mor~gagee may require, me?~np the ~oss un~e~ sa~d polt
c~•s, each and eve~y, payab!e to said MORTGAGEE as ~es intrrest may appca~. and each and e~ery svch p~~icy shaH be p~orrptly ats gned a~d deli~ered to
~n1 held by sa~d h10RtGAGEE a~ fu~~he~ sewrity ~o ~ald monga~e debt, and, oot leas than ten (10) deya in adrance of the eapiretron of each pol~cy. ~o dr
~,:z. to siid MORTGAGEE a renewal thereof, ~ogNher v~ri~h a rece~pt fo~ the promwm oi wch ~enewat; and t~ere shall be no fire or w+~~datonn insuronce
p~eced on eny ot said buildi~gs, a~y interest there~n o~ part thereoF, ~n;rss in the ~crm and with ~he loes payable as a(oresaid; and in the evenl any sum .
,,f money brtomra payable unde~ ?uth polity w poGues said MORTGAGEE alwll have ihe opt~oo to r-ceive and appiy tha same on accou~t of ~he indebtrd-
n~is secured hrreby w to pe~m~1 said MORTGAGORS ~o receive and use it w any pnrt th•~:eof for othe~ puI{~o:rs, w.~hout th~rc:~; ..~~v~,.3 0~ ~n,pair- ~
~~~g any equ~ty, iien or rigM under w by virtue of thia mor'gage; and in the event sa~d V10QTGAGORS shall for any reato~ fail to kcep the sa~d p~emisrs so
~~i~~rd, ot fail to drl~~er promptly any of said poi.cies oi ins~rance to said MORTGAGEE, or fai! promptly to pay fully any pre~n~~m therefor oi i~ a~y ~,J~
r~sF.ect Fail to perform, d~scharge, ezecute, effed, comp'e~e, co~nply wirh aix! ab:de by this covenan?, or any part hzreoi, sald MORTGAGEE may piace a~~d ~
~ay for such insurance or any part thereof w~thout waiving or affecting any opt~on, I~en, equ~ty, or right under or by virtue of this Mortyage, and the
.:1 amount of each and every such patment shal! be immediately due and payahie and shal! bear intcrest from tha date thereof until paid a1 the rate of
r per a:ritum prr ann~m and te~etner ~tiith s~_t~ ~~i:a~est shat~ be sc:~r~~d hy the .~en of th~s mortgage.
1. To permii, commit w auffer no waste, impairmrnt er deter:orat.on of sa~d p+oHerty or any part thereof.
S. To pay a~l and singular the costs, cha~ges and expenses, induduig a reaso+~ai~le attwney's fee and cos~s of abstrads of title, incurred or paid at
i~n.e by sa~d A1pRiGAGEE, because ur in rhe rvent of the imlure on N~e par~ of ihe said h1pR7GAGOR to duly, promptly and {uUy perform, discha~ge.
cute, etfeU, c~rnplete, comply w~th and ab:de by each end every •he snpulat•oas, agrecnkniS, cond~tions, and covenan~s of sa~d promiswry note and thi~
,•rgage any or ei:her, and sa:d cos~s, charges and expenses, each and ~ve~y, eha~~ Lr ~mmed~ately due snd payab!e; whether o~ oot there be ~otict dr
~ Fult amoun~ of each and everv such oavmeM shatl bear intere~t irom Ihe date thertof uNel paid •t the
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n~ne per crntum ~ar a~enu,n; an~ a~: sa~d costs, cnar~es a~~d expais~•s ~rxurred or pa~d, to-3ether w~lh such interest, shaU be secured by tAe lien ot th~s
~~,ortgage.
6. That (a) in the eveM of any breach of th;s h1o: ~gage o? defau!t on the part of the 1.50RSGAGOR, or (b) in the event any ol saFd sums of money
-e~n refrnrd to be not pranptly ar.d lul±y paid wni~m ~huty (30; days ne,~~ atrrr fhe same seve~a~ly become due and payable, without demand or notice.
-~:c` in the event each and every the sr~p~~ario~~s, a3reement:, cond~t;ons and covenanrs ot sa;d promissary note and th~s mortgage a~y w e~~her are not `
eromptly and fu!ly performed, d::harg~d, e~ccvted, effected, conp:e!ed, comp'. ed w~~h ar.d at~ded by, fhen in e~ther or any wch event 1he said ag- '
;a!e svm mer.tioned in said prom.;ssory nute than rama~n~ng unpa~d, w~th intere,t acu.,rd, and at~ moneys setured heieby, shall become d~e and pay-
,,}crthwith, or tf:erea{rcr, at the op!~on ,t sa+d l:tORTGAGEE, as f~:iy and comN'etely as if a!1 of ti~e said wms of money were originally ~tipu~a~ed
pa:d o~ such d~~, anyfh~ng in ss.:; pro•n~ssory r.ote or ;n ii~~s Mo~cgaga to ~t+e co~~~~ary notwi~hstanding; and thereupon w thereafter a? the option of
s~_i ~.IORTGAGEE, w~tl cut not.ce Or dea~a~,d, suit at ;aw w m equJy, therefurc or thrreaiter begun, may be proseauled' as If all moneyf setured hereby
~::f marured pnor to ds instituhon.
7. That in the event that at the beyinnEng of or a1 any time pendi~w any su~t u;:an th~s Mortgage, or to forec~ose it, or to reform if, o~ tp enforte
-.e.~t of any clai:ns hereu~ider, said MURTGAveE shall ap~ty to the :.ourf hav:~•,g ~sd ct~cri thereof for the appointmtnt of • Reteiver, wth Court shail
~..~th appoint a~~:e~+er ot sj;d ~r.orrya~ed prop~~rty alt a~d s:ngu:ar, inct~d ng at~ ~r,d s~ zgu:ar ~I,e income, prof~ta, issoea and revenues irom whatever
- der.~ed, eu~~ anJ eve+~ of ~.h.ch, i>e~ng e,.prer~y c~de~sfvod, is her~•u~ n,cn;Jayed as if speC~ficaily set forth and described in the granting a~d
dum c`a~ses h~•reof, and sUCh Rece.ver sF.ali h.+~z ail the broad and eifecnve f::~,ce c~~s and powers in anyw~se emrusted by a Court ro a Receiver, and
_ • 3c;pointment Sh~IS be made by avch Cowt as an adnutt~d equity and a natter of ~.-.sc~vte r.ght te said MORTGAGEE, a~d without re{erence lo ihe
_sty er in3~2audCr of the va:ue of the propr:ry mo~tgaged o: to ti~e so.~encY cr u~~c~vency af sa:d M.ORiGAGOR or the de,'endants, a~d that such
~ ; prof~ts, income, iss..es and revenues shall ce appt~ed 6y such Recc:ive~ ac.erd: ~g ~o the lien or equ~!y of said MORTGAGEE and the praUice of suth
~rt. ~
8. To du'y, p:c~F;r;y and f~Uy ,~eitorm, dizcharge, executo, effect, coTplete. c~~~:plr w~th and abide by each end every the stiputations, agreements,
i.r'ens and wvena+,rs ~n sa~c: p~om~ssort nore a~~d 'h;s n~crgaye set forth. ;
9. 7hat ~r+ she e~ent rhe cw ;ershi of the ~:or~ crd e~n,ses, cr a~, • art tner_•of. Eecomes vested in a erson other than the MORTGAGOR, the :
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~_~AvEE. rs wcr_ss.;~s anci ae•~gns ~•~ay, w~~howt r~w~ce to "~RTG:.OR, Jca1 .v:th s~ch successor or successor in inrerest wrirh reference to this
~_~a3e a~~d rhe d_u+ t:e~eb~ se:•~:ed in the sa-r.•~ n:~: r.;r ax .viii~ :'~:tgagor wlihcut in a~yy way vitiating o? dis~harging Ihe 1Aortgagors' liabilify here-
• or uFCn the detr hr~ro~ secured. No sa ~ of :~~e E~ernnes h_•~euy mor~gaged ond no io~tearance on the part of tha MORiGAGEE w its successors
~na and no ex~er.s~o~ ef rhe r~me f~r rhe N~y re~~~ of the debT F••~eby seo~~ed c~~'ven by the MORTGAGEE or its successors or au:gns, ahall operate
•;se, d~scharge, mod~fy chanqe or affect t'r~e or~gn;al liau:l•ty of ihe N•JRiGAGOR i~erein, either in whole or in part.
10. It ~a sFec;f~catty aareed ehat time ~s of the essence of th~s contract and that na waiver of any obllgation hereunder or of fhe obligation sr
cd h:rebr sr.ai~ at an j tin~e tncreafter be he`.j to be a v:oi~er of the !crms F.erecf or of ihe instrument secured herby.
1:. Ir add f:o.~ to !he tc;regc ~g +:~o+~t4r:y y>yn,~nts oi pnnc ,:al and ~n~eresr rey~ved b/ the p~ornissory note secured hereby, mottgagor tovenanls
,~~ees to pay ro r,o•tg~gee •.,:!n eac~ ~;c, ;;iy~::er.t .,r ~d~.:iona! ;un es! ~ted 'oy mortgagee to be eq~a~ to 1 j 12 of the annual eost of iFw follow-
i
A-AI .cal prop~r!y taR:~s te:~~d o. .,ssrs~~~~3 .,g?~•st the at>o~•e descnc•.d re•a~ esTate.
~ „-Goer~,w::s on f~.e and rrndsto•~n ~naora~ce as r~•e~r r.~g~;~ed to t~ ca'-~~d en tne ~mprovemeots s~tuate on the above described premises.
~ C-Preu,~_~~~~: on su_h m~r~~;ae g~a~n•,!v ~r.;,,ra~,ce as mo't_yagee shail +ro~r t rre to time deem fit to carry on the loan secured hereby.
' Aio~•avg~e s'-:., `~~•:r so ~:e nc~ mer?~.:g~r m wr:~;ng ef t::e a cou~! due and payable hereundar and such s~rn shall thereupon be due and
~ ,'e oa th~ d~e ci.:!e cf ~:r r;~~t ,}~=r"-"~ d;'~ e.,ch svccessi~e s-a:sh t'r~reafte~ un!ii mcrtgagee shall notify mortgagor of a change in such
,nt $uch su:ns sti~.~ `.~e aNp hed ^,_~~y;_ to:.a-d ti~r parn:en; of res! property taxes, i~surance prem;ums, and mortgage guaranty insurance '
t ,^n.
~N '.'JIT;~c55 'l:MfR~GF, si:e sa•d t:•:=ik1VAvOR has hereunto set h~s hand a~d :c~i rhe day and year fint aforesaid.
Y Signed, Seated a~c1 de'~ve~ztl in the presence of: °
~ ~ .Lljy~
n
~ f O Y . 1 laIDS ~a .
~
~ r'`i~•(1, (Seal) st
; ~ ~kal)
- --__7~ ~an i - lans ~s~at)
~ - f- -'-'r ~ _
~ =,~c OF F RIDA
~ l ~ r ~ f ~ SS.
,':iY OF L~-~~L~ /`L--- ~
c
~ Before me persona~~y appeared RObert E. W11118m5 ^ and
Joan~A
~11alOS _ _.~is wife, to me well known and known to me to be
- ~ndrvidua!s descnced in and who execured ~he foregoing i~strument, and acknowEedged before me that they executed the same fw the purptues
~ Joan Williams
, ;n expressed. And the said _
Robert E. W1111~15 v n a se rate and rvafe
of the sr.id - Po Pa P~
; nat~on by me raken saHa~ate and apart from ~~fa~ and, acknowiedged to and before me that she ezecuted said instrument freefy and volvo-
~ a~d wr,hovt any tomuu!sion, conitra:nt, aPprehens n, ~r of w from hg~ eaid husband.
VlIT!:~SS my har~d and officlal seal th~z _ day of~__ ebril~ry A. D 19 75
~ - (.'L'L
i l ~
.(cy.~~ t.'L _
~ Notary Pub~it in and for the State of F(wida at Latg!
_ My Commission expires: ~ _ . ~
_ Retu:n To: • :
`~i First Federal Saving~ 3 loan Associat',on ,
,
':2n fi! iu:t P..•r[~. - ~
•
Fort Pir~ce. Fi~rid~ EO ~'.tv y ~ r
~fcaR~ ~ ;
CUNTY ~ •
~ f~~LUG~ED FU. , , = •.~c, = ;~f
ROGE~ tR~s T ~ : 1-. •.-`r~ -
u~t coua - .
This Instrument Prepared By Gary F. Ellwood pF~~R~ YEp;~~~~.,.~.~" w v~ y~;~~~ .
f=~rst Federa! Savings & Loan Association ~ ' . ~~~v
_ of Fort Pierce~ Florida 04 AH •~~'•~~''••••••''~~4
~ ~j 9 , ETt~r~ .
~ Checked Byi.~ ' .
0 R 30~80 _
BOOII ~7 PAGf t~5
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