HomeMy WebLinkAbout0118 3. To plete and continuo~sly keep on the 6uiidmgs now w hereafter ~itvate on ~aid ~artd and on al~ equipmero and personally covered by thii mon~
ege, wf~h all premiums thereon pa~d in tull. f~re inwrance in the usuai s~andard po'~cy locm, in a sum approred by the MORfGAGEE, and windstorm
~ns~rance in the usual s~andard pol~cy 1a~n, in a sum approved by ehe MORTGAGEE, in auch company w companiss as the MORiGAvEE may i
d;rech •nd all fire and w~ndswrm insurance policie~ on eny of said build~nQs, any imrrest therein o? parl thereof, in the aggrega~e sum atwesaid oe
in excess thrrcof, sh~ll :onrai~ ~he usual sundard mwtg~gee dauu or sucA oiher clause as ~he lNortgaged may reQu.ro, making the ioss unde~ sa~d poli-
c~rs, eath arx! tlvery,-payabte to said A1JRiGf.GEE as ~ts ~ntrrrst may appaar, and rath and eve~y s~ch po!icy shall be promptly aasynrd and de:~ve~rd to ~
eny held by said MORIGAGEE e~ further security to saiJ n:ongage debt, and, na~ Iesa than ten (10) da fs in adoance of the expiratlon of each policy, to da
~~ver to said MORTGAZ3EE a renev~al thereot, together with a ~ece~pl for Ihe prrmlum ot auch renewal; and Ihe~e shall be no fire o~ windsro~m insuronce
placed on any of said buildings, any inte~e~t therein a parl thereof, vnirss in ~he form and with the loss payabte as a(cresaid; and in the event any tum
of money ?xcome~ payahle under such policy or pol:cies sald MORTGt~GEE ~t~all Mve the opnon w recaive r.nd spply the aame on accoun~ o( ~he indebted-
nes: secured hereby or to perm;t ~aid tAORTGAGORS to recrive and use it or any part ~h•_ .•ot to~ orh~•r purf.osei. ~vi~hout ~h~~~or t,,~~.~-~g o~ ~~~,pa~r-
inq any ~qu~ty, lien a righl uncler or by virtue oi Ihis mo:tgage; and in !he event aa~d MORTGAGORS shall for any ~eason fail to keep the said premisrs so -
~nsurrd, or fail fo detiver promptly any af said poi;c~?s of insurance ro sa~d tApRTGAGEE, or f~;f pvomptly to pay iu~ly any premium therefor o~ in any
reeprct fail to perForm, d~acha~qe, execute, effect, completz, comply witi~ s.:d abide by th~s tovenant, a any part hzreof, said ti10RTGAGEE may pface a~d ~
pay for such insurance o~ any part tAereof withoul waiving or affec~ing any opt~on, lien, equity, or r~ght under p by virtue of this Mortgage, and the
amounl of each and every such payment shall be immed~atety d~e and payable ar~d shatl bear interest irom the date thcrcof until paid at the rate ot
per centum per annum and to~.rhrr wnh :uch intereiT SFiel: bn ~y the Ircn oi th~a mortgage.
d. To permi~, tommit w sui(er no waste, impaimient or deterioratiun of said prcpe~ty o~ any part thereof.
5. To pay all and singula. the costs, chargea and espenses, inciudirg a reaso~~able a~forney's fee and costs of abstrads of title, incurred or paid at
>>~.^.e by said MORIGAG:E, because or ~n the event of tnr failure on ine va~t of ~he sa;d MORTGAGOR 1o duly, promptly and fully pe~form, d~scha.ge.
_<.:c~te, CiFed, Co~iplete, co:nply w~th and ab:dr hy exh and every the stipulat~ons, agreements, conditions, and covenants oi said promissory note and thif
~~yage any or eith~r, and sa d cosn, charges end expenses, zach and ovuy. sheli te im-ned~ately dve and payable; whether p nof'there be notice da
7~.'., attempt to coUect w. suit pend.ng; and the fult amoum of rach and every svch uayment shaii bea. inrerest from the date thereo! until pa~d at the
nfne per cent~•mpcr am~;.:~i, an;: a~i sa~d <.,s~s, c~~a:~ea and exp,nscs ~ntu~rrd or Haid, toyether wnh suth ~mtrrst, shall be sec~red by the tien of thls
mortgage.
6. Thal (a) in the event o1•any breach of this Mort~age or defauh on the part of the MORTGAGOR, or (b) in the event any of said sums of money
~r-re~n referred to be no~ pra*:pfly and fully pa~d wirl:~n th,cty (3J1 days next a;h:r ihe sa~r.e severa;ly becorne due and payaWe, wilhout demand or nofice, ~
_r (c) in the event each and evcry the st~p~:anons, agreemec~ts, cend~:ions and co~enanra of sa;d promisso~y notz and this mortgage any pr either are not
prorr.ptiy and f~ity perfer~~~ed, da:~~ar~Nd, exec~ted, rifected, co~np~eted, comp::ed v:iih and abided 5y, then in either o~ any such eveM the sa~d ag-
~ate sum menr;o~~ed in sa~d pro~nissory ncte then rerna~ning vrpaici, w~th intrrr,r ~cu.;ed, and ail moneys aetured hereby, shatl become due and pay
~ fo~thwith, or thcrzarter, a+ the cp•:~~ of s~3~d MORTGAG~E, as fu~ly a~ c~~np e~c~y os if a11 of t4~E said suma ot money were onginally st~puiated
r, pa.d on suth d:y, anyth;n~ in s:~ ~i ~r,:"~.lsory ncre cr in this blorigd.~•~ ~c• tF!.~ COntrary not.vlrhva~~ding; and ~hereupon or lherea'ter at the option of j
'.'.ORIGAGEE, w~th.ovr r.•:hce er de~na~:d, w~~ a~ tew or in e:~u~ty; !t,e~e`~re er the~_•alter beg~n, may be prosecuted as if all moneys secured hereby f
• _ ~ ~a:ured pr~or tc ~ts i~:t~rv!~cn. x
7. ihat in the event tna~ ar ri~e bey~:,n:ng of or et eny r~~ne pend~ng any su~t u;~on this Morsgage, or to foreclose it, or to reform it, or to enforce f
.--ent of any c!airrs heievnd•_r, s~~d MvR'GHv~E sh.,U oFpl~ to ~ne Ceun h,~.:. g;,;•.sd,cr,~,n +h,r~~of for the appo~ntment of a Receiver, such Court shall
~ ..~~h appo~M a m~e~.e. oi v;d +..~~~rg.;3_d p~o~..••ry a:I and vr.3uiar, {n~;~.;_i~r:g „,i a„d s~ :yuiar tt:e income, profna, issues sr.d revenues from wAatever
, deriv~•d, erth ar.d every oF w:,;ch, ,r ~,._~ng cA,~ress;y undrraaoc,d, !s iereo~ r•or~gaged as if s;~_citicaily set forth and destribed in the grantin~ and
:lvm t~acses hcr_of, ar.d such Recei~er :h3!1 h~.e a~l the br~jd ar.d eff~t•:ve f;;rc: ors anr~ powers in anyvrise entrusted by a Cour1 fo a Receiver, and
~~,.poin~mem sh.;r nc rr.ade by z~ch Ccurr as an ed~~nned eq.;ity a:~d a natter oi a!;se:~te right to said lVIORTGAGEE, and without ~eference to the
,:Cy or inadeqva.r of th~ ve'ue of t~ie propcrly mort~aged o~ i~ t~~~ so,vrnty rr ~ ~,c~ve~cy of saiv /hORTGAGQR w ihe defendants, d~d that Suth
~~~roiits, incon,e, ISSVt1 and re:en~es shall be app~~ed by auch Recewer ac,ord:~,y iu she lien or equity o! said MORTGAGEE and the practite of such
8. To d~;y, prom;niy and futly ~;~rform, d.scharge, execute, effect, co~nplete, r.~r.N;y w~ih and ab~de by each and every the stipu~ations, agreemeMS,
i~.'ions and Co+enants ~~.n sa~d p:omiSSOry no!e a~:d th~s ~T:arrgage srt ferth.
9. ihat in 1he event rhe ov,ne~~h:~: of the n;ortgaged pre;T~~ses, cr an; pa.t t~~.cof, becomes vested in a person other fhan the MORTGAGOR, the
~ =~~•AGE:, its svccrsicrs and as-~.gn;. .~ay, v.~:l~o~r ~~~o~~ce in the .'.04TG%~OR, deat wi:6 wah suctessor or Successor in iroerest with re(erence t0 this
_~gc ar.d ihe deut r.er.~b~ !ec,~r~d ir, tn~ sa+~,e n..-arecr as .•.:ih tAortgoga K'.if=~U~ in any way vitlating or discharging ihe /Aortgaqpri liability here-
~ or v~>on rh~ d..i,t ~,,:re{,~ s~:••~d. r,• s.'e cf ~i~e ~<•:•:~ses t:errbr rr~nr!gaged and no forbearan~e on the par~ oi Ihe k10RiGAGEE or iis s~cce:sors
•:~~~s and ~o rarer.ron o~ rh~ t,rn._ i;• ~he pr,; ~t ci ~he ~~E,r h•~~~by se.ured a~.•en by 1he MORTGAGEE or its suctessors or ass~gns, ahall operate
~-,se. d:scnarge, ~:ed;fy ch:~r•ge or atfect ar:.• cr:y,na4 :;;,i,..t~ o+ ~r~e N.CRIGAGOk he~ei~, either in whok or in part. • '
10. 1t is spec f~;,,,Iy agreed ihaf nme ~s ef ~i~a eisenre uf t~~fs corjrracr and that ~o waiver oi any obl~gat~on hereunder or of the obligatan sr
_c; h~reb~ s~al~ ar any ti~-:e th,rr~fte~ b~ ne;d to b~ a wai„er o! thc tem~.s hereof or of the ir.strumem secwed herby.
1 i. in a:lJdian to the Jpr,.gc ..o ~rw•,th:y pa~n~ ~nts of prnc pal and int~res! r?q~~•e~ b~ th~ prom~swry note sec~red hereb/, morigagar eovenanTs
-ees ro pay r.~ rno•13~,~ee v.r.h a~c~ o~.;h .r .e~rt ~n e:i~ ~On3~ s.::n ..s• ,.af.~d by mortgager to be equal to 1.' 12 of the ann~at cost of the fo!law-
A-A!t real ~xCnerty taaei ~e~ee~ or .,si?s!ed ag3i^.5! the ai:ovo deitn~~d rCa) es'nte.
6-Fr,n. ;,,:•s cn f.:e ar:d „-~c;s>><:r ~ns~-r,:~ ce as fi;r~:~r. r~y, r_•d to he car~cd c~-, t6e :m•,roveme:sts s~t~ate on the abovc d:scribe~ premises.
:-Prem~vn~s on sv_h m.:r~gage r;ua~amy tf1Uf31,ce as m~rc~Sg~q sha~! from t me to t~me deem fit to carry on the loan secured hereby.
1.1a:tg~gee s',~:' f•c ~n r. ro t,-~ e~~e• ty rrcrt~.,oe• n v,~+:t~ng o4 ti~e a~; o~m d„e and payable hereundrr and svch surn shaft thereupon be due and
, a on rh~ c..e ;iar~~ ei -:F ~~~r ~:o,*t:'~ p,;y~rvn+ and each success~ve omh rh~•:esfr.r uctii me~tgagee shaq not~fy morrgagor of a change in such
Such sums sha~~ Le api:red'c~ rncrry>~•~e tor:ard the paymem of r~al properf~ taxes, insurance prem:ums, and mortgage guaranty insurance
• ~,s.
I'J Y~ITNESS 'NNEP.EGF, tr.c sa~d N~ORiGAGG^n has fiereu:i;o set his h.~nd and seel rhe day and year fint a~ esaid.
S~gned, Sea~ed~nd~i~ in the - sence of: / ~
,~Y `r~ .
- (ScaQ =
~ - . Llo d a oz "
- - - - fSeal)
, - - ~ (Seal) ;
- ClOtil F Ta (s~aq
_ QF FIORIDA ~ ~
u.
~':~Y Of ___~_~__~~_le--- ~
Before me perso~a'iY ~p~z,Pa Lloyd Taylor _ _ a~
_ ClOt 11(]Q F. T~IlOI . his wife, to me well known and known to me to be
'.:.d;vidua(s described in and who executed the foregoing instrument, and acknowtedged before me that they executed the same for the purposes ~
~e'n expressed. And the said ClOt llde r' .~aylOY
of the said _ L10
?~d ravlor a uparafe and private ~
~•^~t~on by me ta4en separate and apart from her said hu~band, acknowledged to and before me that she execuied said instrument freely and volun-
~ a.~d w'rhout any co-r+p~lsion, conshainr, apprehension,tpr fear of or from her said husband. :
i 'NITiJESS my hand and off~cial seai thrs _ '~I March
I day of .yu,':~
,ti~./~., D." 19 75
f'i.E~ - -..iUc~ V .
~ ST.I°.~•. .~.)'tNllr FlA_
- ~ ~ • • - r-r-~--
f' ofary b~ic in and for the S~a~e of: f'~orida at~er~~ ~
r~~:~ ";;:1Ri LL~ l1r1y Commission expires: ?
Retv~n 10: ..rf~~. . l~,., y'~ NO:ARi P:?i1 C SiA f E C F f( Q~ I L A R~
r -
I, ~s' Fedrral Sa~;n gs S Loan Assoc;;t.on /
t.% ~ Mr ~(.~:,,,~•c.~r, i:, . ~
s ~
7 Fort P.e:c.. ~PP ~ ~ =~:l7EQ ?NC!! r;~rrc~Li . :~~_at.t''r UNRY97T ~ • i
~ ' ~ f ~ i[ A~ t: - ' + ~
Fori P~rrce, iicnd~ ~ r 2 ~
~ 7 ',,,7/~ ~ ~`~C F
~ 3~4920 ,
; S~t'~~`~'` ~
/ ~~~~qin~~• '
~ This Instrument Prepared By John W, Collins
~ F~rst Federal Savings & loan Association -
j of Fort Pierce , R lor i da
~
~ Checked By . -
~
BOOK 2~8 PAGE 1~8
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