HomeMy WebLinkAbout0110 3. To pl~ce and con~~nuousty keep on the b~~;dfnqs now w hereaf~er utw~e on setd isnd and on a11 equipmenl and penonally covcred by ~hi~ mor~g- .
ege, with all p~emiums'~hereo~ pa~d in full, f~re ins~~ance m the ~awl s~endard po':cy form, in a sum approved by Ihe MURtI~:.GEf, and w~ndatorm .
~nsuro~ue in ~he usual standard pol~cy iorm, in a sum appro~ed by the MORTGAGEE,' in such tompany or companies as the MORiGAGEE may •f
d~rect; and all (ire and w~ndstorm insurance poiiciea ~n any of sa~d ou~~~~ngs, any interes? therein or part thereof, in the aggrega~e su~~ alaesaid w
in ezcess thareof, shall contain the usuat +~,,ndard mort9egea cia~te w w:h oiher c~a~se aa th~ hlortfla~ee may roqu:re, maki~~9 ~he loaa undrr ~a~d po1F t~
c~es, each and every, payabie to iaid htORTGAGEE as ~~a inwr•_st rnay appear, ,:~d cach and eve~y iuch po:~cy s~~all be promptly assg~~~d a~d de~~vered ~o
any held by said MORiGAGEE as (~r~he~ secwity to aaid mortgaye deb~, and, not 'es~ than te~ ~10) days in ad+ance o( ~he exphallon ol each policy, ~o de-
I~ver to said MORTGAGEE a renewal thereof, ~oye~he~ witfi a rece~pt tor Ihe pre„~ium ol such renewat; and there shall be no firo o~ winds~o~m insurance
placed o~ any of said build~ngs, any interett the~ein or part Ihereof, uni~ss in ihe form and wi~h the loss payable as a{oresaid; and in the event any sum
ol monsy txcanes psyable under such policy or pol+cies said rAOkiGAGEE shalf hava ~hr oyt~on to receive and apply Ihe sama on acco~nl ol the indebted- ~
ness secured hereby 6? to permil said MORTGAGORS to teteive ond use it o~ any ~ art th•_r.~ol For oinrr pur~:csrs, vi~~ho~t th~+.u~ ws~v~:~~ o~ nnpein '
ing any ~qu~ty, lien or right under or by virtue of this mo:'gage; a~d i~ the event ia~d ASORTGAG02S shal! for ary reason fait to kecp ~he sa~d prem~srs so ~
;n3ured, or fail to deliver promptly any of said pol;cies cf insurance to sa:d MORiGAGEE, or fail promptly ~o pay tutty any pre~^ium therefo? w in a~y f~-,~
re:pect (ail to pe~form, disct~arge, execure, effeU, comp~ele, coTply wi~h and a!~~dH by ilus covenant, or any par~ hz~eof, said MORTGAGEE may piace a~d
~ay (w wch insuranse or sny part thereof w~rhout wa~ving or affecting any opticn, iien, eyudy, or right u~:de~ or by virwe of th~s Alortgage, and the
tull amovnt oi each and every s~ch paymant th~tl be immediately dur and payab!e ar,d sha~l bear interes~ from the date thereof un~it poi~ at tiu ra~e ot
n~ne pe~ crntum pe? ann~~m and to~~•tt::•r w~th auch inte~asr sf~aG be sa.ured hy the lien of th~t mortqage.
io pera~it, tommi~ w. su(fer no waste, impaE~~n~nt or deterinration oi sa:d properry q any part thereof. ~
5. To pay all and singular t.`ia costs, charges and expense:, indud~ng a reaaonabte attorney's fee and costf of abstracts of title, incurred or pa~d at t
•ny time by said MGRTGAvLE, beca~se or in the e~tr,t of the fail~re on the parf of ~he aa;d l~10RTGAG02 to duly, promptty and fvliy perform, d~scharge.
..,cute, effett, tomptete, canply wnh a~d ab.de by eacfi and Erery the stipuia~~ons, agreements, tondilions, and tovenanrs oi ~aid promissory note and ~his
,.ortgage any or ei~her, and sa.d costs, charges and expenses, each a~x! every, shail be ~mmedia~ely due and payab:e; whether p not there be notice da
~~~and, arte~npt to coliect or sui? pend~ng; and the (ut! a~nount of each and every such payrrKm shaN bea~ ~nterest irom the date tFxreof untel paid at the
o~ n~ne per c~•murn F.ci onnum; ~ne: ~i! said cmts, cnarges and exi:anses ~ncuirrd o~ pa~d, toge~her ~v.th such ~nterest, shall be secured by the lien of this
m o! Ig age. '
6. That (a? in the event of any breach of this Mo~tgage or def~ult on the part of rhe JY.ORTGAG~R, or (b) in the event any of ia~d sums of money
h~rein referrcJ to be no~ pranptly a~d fully pa~d w~fhin ~h~rty {3U) days next a~e~r ihe s.~me se~era'ly become due and payable, withoul demand or ootice,
cr ±O in the event each and every ~ha stipufat~ons, agreementf, cond~t~ons and co~enants of sa,d promisso~y note aod th~s mortgsge any or either aro nof
i.,Iy, promptly and fully perfo~~ned, d:schar~ed, execuird, effectrd, co~n~~leted, co+-~pl~ed v.~ih and aFnded 5y, ~hen in e~ther or any su:h eveM the said ag
~;•e~ate sum mentioned in sa~d pronussory nc'e then remaining ~npa~d, w~th intrrr,t accwed, and ati mor.eys secured hereby, shell become d~e and pay
, e forlhwith, or thereafter, ~t thc opnon ot sy~d MORTGAGEE, as f~ily arxl compirtr~y as ii all of thc sa~d svma of money were o~~ginally shputated
; he pe:d on s~ch day; anyih~n~ ~n s~:ci pre:n:~sory ncre cr in th~s hlorrgage to ~he co~~~~ary notN~thst3ntl~„y; and thereupun or thereaf~er at the option of
: ci 'dORTGAGEE, w~tf+o~~ nence o~ dernar~J, su~t a~ ~~w or in eqv~ty, theiN4u.e or thercafter beg~n, may be prosecuted as if all moneys secured hereby
r. :i ~~~ar~~cd pnOt lo ~ts institut~ort.
7. That in the e.ent rhat ar the bey nn[ng uf cr at any t;me pendicg any su~t upon this Mortgaye, o~ to for~lose it, or to reforrrs if, o~ to enfwce -
.~~.em of any da~ns hrreunder, seld 'U10RTGi.G~ L sha;; apply to fhe Court ha~~„g ~sd c:~o,~ +1:errof fw the appointment of e Receiver, such Cour~ sh~ll
,.:th appoint a re.e~+er of s~id meetgagrd prec;•••ty eil and sicy~;a~, inUud.r.y a!I and a~:~a~lar the income, pro4~ts, issues and revenues from whatever
, e de~ived, eac?~ a~~d every of .vh'.ch, ~r b~~n9 rK~:rri!'y „nderstued. is 'r.r~•:b~ r,cr+~.~g~d as if specYicatly set fonh and desuibed in Ihe granting and
dum da~ses her.oi, and svch Receiver snall haia ail the broad a~d eifec~:ve fir~c•.c~~s and pov~ers io anyw~se eMrusfed by a Court to a Receiver, and
, ~{~pointment shalt be ~rade by s~ch Ccvrt as an adnutted e,city end a re~a!ter et a!~soli•r~ riy!,t to aaid MORTGAGfE, and without reference to the
_.~,,,cy or inadequacy of the vefue of the preperty mor~9aged or to ,h•_ so.v~•nci er ~n;c!~.ency of said I~IORiGAGOR w!he drfenda~ts, and th:t such
s profits, income, issues and revenues shall be appi~ed by such Receiver d;wrcf. ~g to the tien or equity of said MORTGAGEE and the praUice of suth
Ccurt. ~ i
8. 7o du!y, prc,mpt:y and iu1!y perfc~m, d~scharge, e~ce:ute, effect, compiete, cor,phr w:+h and ab~de by each and every the stipulations, agreerreenis,
~:t;ons end torenante ~n sa~d promisscry r.ote and ti~~s mortg3ge set forfh.
9. T~.at fn the eve.~r it,e oiv~e~snic• of rn_~ n:orrgagcd E:r~•nuses, o. any ~e~t nc~r~~el, EPcomes vested in a person ofhe~ than the MORiGAGOR, the
.'iF:~AGEE, its wcce,sc•n anci n5€.jr.5, r.~d,J, Y<<1~;0,:' ',4T::.' to ~t~a ;;QRTG~•~J~, C~Cti! W~iF. wch successor or successor in inrerest wirh refe~ence to this
'3a~e and the Urbt 'r,creb/ S@~Vf2C~ in the sa:r~e r.x~n.~r as v.:'h 1.S.rt~ogor v~~thuul in a~y way vi~iaLng Or dis[ha~ging the Ido~tgagOri liebility here- ~ t
or uco~ sr.^ dcht h-:~eu~ s.~au••d Nc s~.:: of r~? Fre~~.hes h_reb~ r~~~:rtgryed ar~d no (o.bearance o~ the par~ of the /AORTGACiEE or i1s svccessors
s;~gns and no earerslo~~ of r1~•, ~trn.~ fo- rl,~~ p:.y~,•~•~t ,,i ri,e d-l,• h~•rct,•, s~~c~~rd g+~e~ hy the I1lORTGAGEE or ~ts wccessws ar ass~gns, a~~all operate
~e ease, d~sci~arye, rrod:t~ c!:anye cr atiect ti:~ ~r~y:~~~: i::.i:.,,ty oi r.ie !.:L'R(GAGOR herem, either in whoie or in part. ~
1G. It is spec:f~c~tir agreed it,a~ !,~n~ ~s of the essence of thfs cor:traa and rhat no waiver of any obNgat~on hereunder or of the obligation st
-.•ed h.reby anah at any time thcreafter be he:d to b~ a waiver of the ?erms hereof or o1 Ihe instrument secured helby.
I t. In add-r.•:, >o ;he Fcregc •rc+~'~:'i p~+~~~ ~~vs of ~:<<.,c ;:a! and ~nr;.resr requi:eJ (~y th~ prom;ssery :~o!e srcurPd hrreby, mortgagor eovenants
a9~ees ro pay to mo-1q+;~e wrh ~ach ~rc~tFry p.~,~-ent ar. 3~d<<fonal wm es!~n,arrd by mortgagee to be eq~al to 1 f 12 of the annua) cost of ihe follow-
A-Ail rcal Yrcprrty taxes irv~e:: o. asse~s,•d ag~c~:s+ ti~c aho:e desc~~b• d rea~ estate,
6 Pran.~~ ~,a r,n i~r~- a~d h~~:use;•~n n,sunr c•~ .~s i~~•_in n~q~ rrd to l^ rdrned o~: the im;;~ovementi situ.~te on thc abovc desuii>ed premises.
t--Pr_vni.~:• s on z~,~h r~;;rt~;~:. g~:,r3 t; ir.s~~•a~ ce as r.~,•rgagte sh:~:: Src~r t•,ee to time dHem fit to carry on the loan secured hereby. {
rdortgagre sFa '!rvn t~~• e to time n:nif,• n•ort~a~or in wr.t~ng of the a~n~~nt ~iue and payable hereunder end such sum shall thereupon be due and
un the d~~e- dste of th> r•_x! ~r.cn!n'~ ;:;,yn•r.~t and e~ch s~cc^SS~t'C ~ron:h ;hereaft~r ~nril morty~gee sha!I notify mortgayor of a chartge in such
nr. $vcn sums sha~l be applied by morryag.ee ror.3•d the Na,ment of reai prcperty taxes, insurance prem:ums, and mortgage guaranty insurance.
i
` arns
~ - iN i"11TMESS :":H=R~Of, tne sa~d ~dOktGA=>OR has her~:,~to se! h~s har:d and seai the day and ye t afo~ said. ~
6hed 5 1 and de1' ed i~ the preience of:
/
~~f1r Seat)
~
~ ~ ,=~47 `_o as . Slo se,q
- (Sea4
JoAnn R. Sloan r~ai)
oF~~aa~c NORTH CAROLINA ~
i u.
~ ~ .~,rr oF ~~~xy~?~C~e~C MACON _ ~
Before me personal{y appezred TZIOmdS l.• ~LOaI] a~
- SLS~~~ _ _ his wife, to me well known and kaown to me to be
;nd~viduals described en and who executed the forego~ng inslrument, and acknow:edged beiore me lhat they executed the same for the purposes
~ e`~~ ezpressed. And th~ ~~~a-.__ _ JoAnn R. SIAd17
~ . c of ~he sa~d Thn aa__j,,a S1Aa1'1 upon a separate snd private ~
nanon by me taRen separate and apar! from Fer said husband, acknowledged to and before me that she eaecuted said instrument freely and vo:uo- ~
f a~~d w1'F.our an~ to~n;~~!sion, cor.itra~nf, apprehens~on, o~ fear of or trom her said husband. ,
~ Y11Tt.ESS my hand and o{i~ual seal th~s 5th day of ~rCh q p ~y 75
~ _ /
~ Notary Pubtic)(r)(~F~]6K168C3Edk7Cd(~1~F~1G~CiIZaYpIEX
~ My Commission expires: 1 Q_ 5_ 7 S
- Return io: , .
a~ F rst Federei Sav~ngs 3 loan Asso:~at;on ,~~y~yA '
4
~ Ot Fo:t P.c~rc•,. r••••,,~ '
~ m~o ~?+c• +~ECOitDEO y . .
~ ~ F~~r Pierce. F!o~~~., ~E ~OiJNTY fl~• '
~T. LUC s .
~ IIOGEitFO~TRAS ~-Z..t 1~nO.~':
r ~ ~ ~
~ CIEkK C, .~.U~, ~OURT - ~ J
~ aC~~R~ ~.F~~ 4.~...r~~"' ~ ~ ~
This Instrument Prepared By William J. Foibes ~ j t~~+~~;~,~7`' ~
~ First Federa! Savings & Loan Association ~ 9i~ ~N 75 , ' ;
of Fort Pierce 't: I~J~~''' . • ~
, Rlorida ~M 9~.6 ~;t~~•~,,.• • ,
Checked By v~
° ~ 238 P~~E 110 , ~
BOOK =
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