HomeMy WebLinkAbout0116 3. To place and continuo~sly keep a~ tr~e bu: d.r.gs ~ww o~ hcrraftzr ?itu.~te cn ,.,~d 7a~rd and on aL equ~p:neN and perspnaily coveri~d by thia rtw~tg-
ege, with all premi~ms th.:reon pa.d m fu~~, f~re ins~ran:; in tha ~s~ai ita~xlard F~oScy fo~m, in a sum approved by the MORfGAGEE, a~d wmd~torm
~~~suronce in the uwal ~tandard pol;cy form, in a sum approvrd by the MORTGAGEE, in such tompany or tompanies a~ the MORTGRGEE m~y
d.reu; •nd all fire and wmdsro~m insu~ance po6c:~s on any of sa~d kwi,d~nys, any intarest Ihcrrin or parl thareof, in the aggreflate sum atoresaid w
;n excess Ihereof, shall to~tain the usua! standard mortyagee dause or such othe~ dauee a~ the Mo~tyayee may ~equ~re, ma?u~g ~ha ioss under sa~d po16
ces, each and eve~y, PdyJL`I2 ~o sa~d ~ti!JR~~i~uFE as ~ts n:trr.~er n~ay app~ar, a~d each and every sw_h paticy shail be promptly ass gned e~~d deiivered io
~ny held by said MORiGAGEE as ~urrhe~ security fo sa~d n~ortg~ge dabt, and, no~ Icss fhan ~en (10) days in advan<e of the expiration oi each pofity, to t!a
~•..~er fo said MORTGAGEE a renewal thereuf, togeihar w~th a fece~pt for thr premium of wcn re~ewal; and ~hero shall be no f~re or windarorm in~~rance
pleced on any of said build~ngs, any interest therein or part thereof, unless in ihe fo~m and with the loss payabfe as afo~esaid; and i~ the event any sum
04 money becomes psyab~e under such policy or paGcies 3e+d MOkTGAGEE shall ha~e ~he opnon to receive and apply the same on acco~nl of the indebted-
nass secured hereby or ro pennif said lAORTGAGORS ~o receiva and use it a any p.vt ti,-~:eoi for oincr purF=oses, w!~no~t th~~~o1 ~v.:~+',g er ~n~pam
ing any equ~ty, lien or right under or by virt~e oF this mc-igage; and in ~he event sa:d MORTGAGORS shall fa any reason fail to kcep Ihe said premites ao
,r,wred, or (ait ro delive~ pranptly a~~y of sa]d ~,o~.cies af ~nsurance to satd MORiGAGEE, w fail p~ompdy to pay fully any prem~~m ~herefw or i~ a~y
rr:pen fail to perform, d~scharye, execute, effect, comple~e, comply wirh and ab~da 6y th:a <uvenant, or any part hareof, said MORi~AGEE may p~ace a~d
fw such insurance or any part thereof vc~~hout waivi+~g or atfecling any oNtion, lien, equ~~y, or r~ght unJer a by virtue oi this Mo~tgage, and the
!~i' amount of eath and every wch pa,r•nent shall be immediatety due a~d payeble and shall btar interest irortt the date thereof unti! paid at the rate ol ~
r per crntum per annum a•:d ro~~ti,ar ~.i:ti s.~:n intr-~sr shal! be s•~c~r.•d by the i;en o( th~s mortgagc.
4. To permit, commit w su`fer no waste, ~mpa~rment or dcieriorat~on of seed property or any part thereof,
5. To pay all and aingvlar the wats, charaes and expenses, includiny a reasonab!e attorney's (ee and costs o! abstracts of tiHe, incurred or paid at
~~~y t~~~:e by s:~id A10RTGAG:E, because or in the event of the fallure on the pa•t uf Ihe said h50RTGAGOR to duty, p~omptly and fully perfo~m, d~scharge,
• cote, effed, comp!ete, co~nply w~th and ab:de by aa.h and every the sGpuiat~ons, agrec~nents, con~+~tions, and covenants of said promi;sory note and this
••~-age any or e~iher, and ~e!d costs, charges a:•d exoenses, each and evr.y, sha~l be ir~mediately due and payable; whether or not there be notice da
•••d, at~e~npt to co~te<1 er tui~ pend~ng; and ihe ful~ an:ount oF each and every svch payn~ent shall bear interest irom Ihe date thereof ~ntil paid at the
n~;~e per c.~ntum }.rr a~'.nu;n; on(; o? sa:d costs, ti.a.~rs a•id ~w~rt;r.ica ~ctWicd o: p::~d, toyether w,th w~h interest, shall be secured by ihe I~en of thi~
ong~ge, •
6. ihat (a) in the evrnt of any breach of this Mortgage or defauit on tlr_ part of the MORTGAGOR, or (b) in the event any of sa~d sums of money
F.~retn referrrd to '~e not promptiy and fu~ty pa~d w~~hin th~rty (3Qi deys nexi atrer ine same severatly become due and payable, without demand or notice.
-,c; in the even~ each and eve~y the stipu~atinns, agreements, cor.d~hons and covenants of sa.d prom~ssory note and thn mortgage any w either are not
:~o:nptly and f~!!y per(onned, d:;cherg::d, execw_•d, e{fecrcd, co~np!eted. ce:n;.t,ed v.~ih and aLrded Sy, then in erther c,r any wch event the sa~d ag•
, ~a'e sum ment~oned in said prom:ssory note then rerna~ning ~npa~d. wirn interr,t act~utd, cnd a~i moneys secured hereby, sha~l become due and pay-
~orthw~th, or thereaf~e., at thc eer~o~ 04 s,.d ,titORIGAGE., as ful!y and comy;etciy as iS aii of ~hc said wms of money were ongi~ully st~puiated ~
_ e oa:d on suth d:y, anything in sa J F;ro~.r.~ssory ncte or i~: th~s vrtgage to~lh•r c~~:trary not,r+~thstanding; and thercuport w thereaftar e~ Ihe opt~on of _
:'ORLGAGEE, w~rF,our ~ot.,e er ~.-~i,,,:.d, su,t at iaw ur in eUU~ty, th~retore or rhe:raf~er begu~, may be prosecuted as if all moneys sec~red hereby
~~a_rured pr~or to ets insht~!:un. ~
~
7. ihat in M~e evrnt N;at at th~ bey:nn•og :•f o: at any s~~-ie pend;,~g any s;,~f ut:on rhis Mortgage, or to faeclox it, or to retorm it, or to enforce ~
c r, ol any cla~~ns he~eu•sd~r, seld MURTGE+vit sha!I 3pp!y to tne Go:x~ hav~~,y ,u~~s:f.r.:on ihercot for the appo~ntmeM of s~Zecerver, svch Gourt shall
.::rh a;,~c;;•,t a~~..;•.er oi s~d m:~,ty;ycci p,cp.-ty alt and s~ng~;ar, inc;~d.ng and a~~~-~ui+r ~I~e ~ncome, prof~fs, issues and revenves from whatever
~~~~'i':C'CI. CdCf! and eic~ry ot ~,i~:,h, ~r pi~;,,y ...Furssly unde~st~~od, ~s ker~~y n.orr•_i,:~rd as ~f speu{icalty set fonh and deK~ibed in the gra~ting and
:I~m c!z~ses her.~of, and svc!~ Receieer shail he+e aH the br„ad and eficcr.~e f~;~~c o.:s a.~d powers in anywise entr~sted by e Court to a Recciver, a~d
~ ~:~F~~~'a'enr sh~.a:l Ce n-•ade by svch Court as a~ ad~r~~ttrd eqc;Ay and a marier o4 a:ne:ute r:gM to Said MORTGAGEE, and witFwut ~eferertce to the ~
or ~.~adeq~acy of the vai~e oi thc prcF~rrty mongaged or to ti,~ so:~ency ;~~sowency oF sa~d N.Ok7GAGOR p ihe defendants, and thai such '
~ p~ot~ts, ~nrome, izsu-.s and revcn~,es shal{ be appiied by svch R~cci~er ecwr~~I~q ro the Gen w equity of said MORTGAGEE and the practice of such
,rt.
8. ie d~1y, p~omc~:y and fuiiy {:er!orr.., discharge, execure, effect, ce~*.p!~~te, co~~~Fli w;fh and abide by each and every the stipulations, agreements,
:r.s ar,V ~~yrnants :a~d prorr~~ssory ~,c e and tn s morrg33e srt ~ortn.
9. Tt:a! in th~ e..~^! r~:e eY.~~rsh:j, ef tf~~ m~rtgagcd pre:n~s~s, er ar.y part therref, becomes vested in a penon other than the MORiGAGOR, the
• -;~AGE:, i•s s.~;ccss..~s a:x1 ]T`.:;t15, ^'dy, W'~h;:,:: r.~,~.~,~ to t-_. ,;,:~VT~;.rJR, dea~ w:th such successo~ or s.~:cessor in interest v~irh reference to this
. ye a~d the ci •i•t i.~••.~;,y sac.;~ed ;F:e sa:ne n.ar.r.~r os r:~th L1o•tr,egnr ,s,~F.cut in any wa~ vit~ating or d~scharging the Mortgaqors' liability here-
~ or ut;o~ rhK~ d~ !,r %ae::~ v cvr~ d `:o e of P e c.re.,,,ses her~b; ~n;,r~y.;ged ard no 4orbearance on the part of fhe /AORTGAGEE or its sutcessors
::ns a.~d ; r,rc~•-~o, ~r r, 4 r t.., y . c,: rhe J•~b! h.~•~~,~ seturrd g~ven by the MORTGAGEE or its successori or ass~gns, shall operate
.sc, d sct:arge. *"x t~ ~,•~.3_. atiect t ~e r. .,~,ral ua~ ,.t~ 01 tiSGiTGAGOR herein, either in whole w in pa~L
10. It is spec f;;,t,; a•_ •aed ~t,ar i;..,., ;s o~ the essen:e of ri:s co~~eracr and that no waiver oi any obl~gation hereunder or of the ob!igation se-
-•_d h~reby,shaf: ar ar.y r;:,,e ~nerejirer t.e ~etJ to he a r.~~~er cf the ±erms hereof or of the instrument secured herby_
! 1 (r .::ici r o~ t F- ,,y ,S j,; arii ~ ne:cst reyuired by the prom~sscry ~to!e secured hrreb~, mortyagor eovenan?s
~~~~c•es ro pyy •o ^•o•ra ,_r r.~ r, ~ach _ h;; e; =.r;t an .;dd~~ orai Sl;m ~51 ~:.!!-O b'~ fn0'te)39P0 f0 be equai to 1,`12 of the annual cost of the foRow-
A-A~I reai E;ro;:c•ty tan,-; lzv,~c+ cr assesz_~d ~ya~ .sr t~_ abo:e desv .4,. d real es'.ate. ' '
5 Pr n~ t~,•~ a~~d ::~-~:{;fo n:.~s~~,:~ c, „s i~~•:c r. .•,~..~d ro be c.~~n.d e~ the ~mprovemenrs situate on the above d~svfbed premises.
_-Pren,~v:~s on :,:cn -~.a:ta ge y~„ u~;u;a,_n ;n~-tyag~_e sh3;; frorr vme to *:~nc deem fit to tarry on the loan secured hereby.
'.;ort~agee s~» •~•::m to T~ ~•e ne~•+ • rncrr,,,~~. •n ,r..~t~eg of rhe o, ~t d:,e and payabfe hereundrr and such sum shall there due end
o~ thc• dcr d>te ci ti,_ :.c•cr ..o~~th:~~;~~y~r..:~~t and e~ch suc~essi~e n.u•~.ih the.eah~r ur.til mcrtgagee shaft noKfy mortgagor p(~a cha e in such
-_~~~r. Suc~~ sums s1•,;I,~r epF..,~=d by ~,o*sgag:e to:.-ed the pay~r.eni of reat p.cperty taxes, insuran[e prem;ums, atid mort9ayQ g~arant insurance
s.
irJ YJIT1~[SS ::HtR:GF, me sa~d t:~ORTGFGJK has hare,.~re ser h~s h~„d and seal the day a yea irsi f resai
S~gned. Sealed and de`.~verrd ' the p~esence of:
- - - . a .iG . ~s'' (Sea4
L- ~ _ ~4_ _ C les J C n n Jr. ~x,i~
' Seaq
---------L~ ~'atricia A. annon tseaq
~ OF ftOS21DA / • •
~ u.
~:tY OF ------,St~_Ll1Cle__- _ 1
Beforo me personaliy appeared CZla11QS .J~ Cannon, Jr. a~
P~~~~~ la l~. Cannon h7s wifc, to me well known and known fo me to be
, -d~vidua~s descrioad in and v.ho e,cecuted the foregoing instrument, and acknowledged before me that they execwed-~he sa~ne for the purposes
~ expressed. And the s~~d___.._____ Patricia A Cannon
. of the said _ C}laYZQS .J~ Cannon, Jr, upon a separate snd private ~
rat~on b~ me ta4en separate and a;;a~t from her sa~d husband, atknowledged to and before me tbat she executed said irtstrumeM freeSy and volun-
~ a„d w:fhoUi any comp~lsiun, co~srrair,t, apprehens:on, or fear of or fr~m her said husband. ~
'::ITNE~S my hand and off;c~a{ seal th;s ~-s!_ day ol March _ A. D. 19_T~_
' - .
~ • F11E0 AhD ~ECUR9E~--~--
ST. t,UCIF C~UNTY FIA. No+ary v~brc in and (or tF~ tate of Fbrida at large
ROCER PO!TRA$ My Comm~ssion expires: ~ i v. 3c+ ~ G
Retum To: CLE~~K C~'~GU1T COUFIT
~st Fzaerai Sa~in~s L loan Ass::c~at;on RECI^R(1 Y` f1 '1
Of o•t F~•~c~. ~::::,i~.,,
~o,~ P,...~~.. F._ a~R ~ s a'15 w.,, _
12 . ~
3Q4919 - : ~ ^ ; ~ _ ~
This Irr,trument Prepared By W~lliam J. Forbes ' ~
F~r,t Federal Savings & Lean Association ' ~ =
of Fert Pierce ~ Florida 33450 • ~ ~
; G~~cked BY . _ . ~
j . ~
~ ~ BOOK~~V PAGE 1~V ;
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