HomeMy WebLinkAbout0259 To p!ace and continuo~sly keep on ~he bu~'d~~•~s now o~ he~rafter siwota on s.,~d land and en ali equ~p~nenl and prrio~eliy cove~ed by thit mortg~
ege, with all prem~um~ ihereon pad in full, f~rc ~mur.,•~ce ~n ihe vs~al aian;loiJ N~~[~ Fo:m, in a wm aHprovrd by 1he MORIGAGEE, end winJsloim
~n~urance in the usual s+andard yot.cy torm, in a;um opproved by the AAORTGAGfE, in such compa~~y or to/npaniet a~ the MO~tTGAGEE may
dirzct; and all fi~e an~ win;l.torm insura~ ce po:~a~•s on any oi s~+d bv~~a.~~ys, sny interest Ihrrein or part ~he~eol, in the aggregare svm alwrsaid or
in eacefs theteof, shall coMain lhp ~swl ~fandard rt~ortqayee ci~use o~ such mher c~wse •a 1he A1ui~fle~ee may reqwro, makin8 t~e ioss unde~ sa~d polt
c rs, esch and every, pay;,~ie ro sa~d .\~JRI`v:.GEE us ~~s i~~~cr,:s~ ~,:3y a~,paa~, ~~~d each ~~~d eve~y such po~ICy sha,l 6e p~wnp:ly ass 9~}ed a: d del~vared ~o
eny held by sa~d MORiGAC,EE as (vriher secur~rf to ~eid n~~r~g~c~e deb~, and, not iess tFan ten (101 days in ad.arce ol the expi~at~on oi each poi~c~, ~o de-
i,~er to said MORTGAGEf a ronev.al thrreoi, toge~har with a r•_•c.•;pt for the pren~,,.,rn of such rr•~r+.a~; and ihrre shall be no i~re or wl,;ds~o~m insurante ,
placed on any of sa~d bvild~ngs. any i~~terest there~n a pa~t ~hrrrof, uniea~ :n ~he +or+„ and wiih the ~~ss pa~able as afuesaid; and in tne event a~y sum ~
of money lxcomes payable ~nder s~ch pol~cy or po!+cies sa~d MORiGAGEE shati have ~he opt~on to +ecc~ve.and apyly the same on accouM o( the indabted
r.e:s sec~red hereby o~ ru p.•~rn~t s3.d MURiGAGORS to rece~ve and use i1 or a~~y ~..r~ the:~~of ior eiij•r ;:ur•osrs, v.~~~~o~~ ~h••.~>: w-~=~ :r ~~~:p~~r-
~ng any equ~ly, lien o~ r~ght undrr or by virtve of th~s moc~gag^; and in the event sa J AtORiGAGORS shall for a~y raason fail to Krep tt:e said prem~ses so
~sured, or fail to del~ver pron:ptly any cf s.,~d pot:c~cs o( ~neurar~e to aa~d f.10R1GAGtE, or f~~i p:ompt!y to pay fuily any premi~m thcrefor or in any
+rsFetl fail fo perFurm, d:s<harge, exe.ute, c'~rct, cor~Fi~rta, te,r~ply with ared abide by this toven~n?, or any part hrreof, said MORTGAGEE may ptate and
~ sy fo~ s~xh ins~rante or any part tfiercof w~thoul waivi:~g or aifcc!ing any o}•Nun, lien, equdy, or r~ght undr~ or by viitue of this ~doitgage, ar.d the "
t, :l d~nOVrlf OI each and every such paymenl iha;I 6e ue.~nedl3?cP~ d~e a~~d payab'r a"d sha;l bear ~nterrst iro~n the date thereof w~u! paid a~ the rate at
c per ientum per an~ucn ~nd t:.~_•i!.c~ .v!h suc1~ :n!r•c+t ehe+~ se:~r~~d hy th~r Gen of this morigage. ,
d. To permit, Commit ot suffer no waste, inipainn~~nt or drlr.r.Cra•ion ot sa~d E>:oNerty or any part ~hereof.
5. To pay a11 and aingular ri~e cosn, charges a,~d expenses, includu~g a re:.:onable atiorney's (ee and cos~s of abstract~ o~ titte, incurred or paid st
~n; ti~ne by sa~d MOQIGAG~F, l:eca~sc or in ~he ere•^.t of fh~ Fe:iure un Ihe p:rt of the s~:d MORiGAGOR to du~y, promptly and full~ p~rform, d~sthnrge, '
_.<c~re, effeU, complete, co~n;,ly v~~th and eh.~~ hy each and eve.y the at~p~:::.+~e~.~s, agre~^~r.:!a, cond~hons, and covenants of se~d promisso~y note and th;i
„_•rgege any or euher, a~~d sad cosrs, charges and expenses, F.3(~1 and every, ihali t,e Immrd~ately due ar.d payable; whether or no~ rhere be nof~ce d~
a»e:npt to collect or suit prnd~~:g; and the tul: amoun~ of each and eve~7 wch paym~m shall iiear in~eres~ from the date the~eof until pa~d at the
r,~ne per cen;ua, Far ~r::~„~~; .:~d a~t ;a~d :.~!s, cha:3es a^d ~r;.~~~:v~s ircu:red or po~d, togethrr ~v~th s~ch i~verrst, shall be setured by the lien of thi~
~ncrtgagc:
b. That (a) in the event ot any b.e~ach of thfs Mcrtge9e cr deia~~'~r cn N~e pan o~ the MORTGAGOR, or ;b) en the eveN any of sa:d sums of mo~+ty
ren referred to be nof pro•:~ptly ar.d fuity pa~d w~r:un It~.+ty ~3J) deys ne.t a~r,~r fhc sanie severa:iy become due and payable, without demand or not~ce,
-r cj in thr evenr each and every the s!~Nulations, ayrer~~ents. cu•~d~:iens and covrnants of sa,d promiuory note and th~s mortgage any or e~the~ are oot
1: oro~np!ly areJ iuliy pc-riu~r. ed. d ec~~rr~{,rd. ~'ae_ut~'d. eif•~ct. d. co~^N!eted, corr.u~ ed .tinn n•~J a6:d~•d 5y, then in e~ther w any svch nvenl the sa~d ag
.:'e s~m rrenT:oned ;n ia~d prc,~n~s>o•y ~~.-te than re~~.a~ni::g ur.F:a~d, v~~th ~neerr,i 3cc:ued, and a~i moneys secured hereby, shall beccme dve and pay-
torthwirh, or ~herea!ter, at ;ne opr~~ of s,.d ':.QR;`vi+GEE, as fvl'ry e~d can~:.,-~.;y as i{ a~l of 1hr said sums of money wcre ong:na:ly st;puiated
na.d on :uch d:~, ~nyt~.i~_y .n s~ci H~un ssor~ ~~ore or in t'r~~s !t~ortga~e fo th~ cc:ura.y ,~otn•:fhstand~ng; a~~d thereupon Or thereafte~ at the opt~on of
s:~ :1QRTGAGiE, v.~:h~u+ nor,ie o. den~a~:J, s~~t ai !aw ~r i~ e.;u~ty, tn~~~efore or +hrreafter b_gvn, may be prc~secuted as iF ail moneys sec~red hereby
. ~atured pr,or to :tz ~nst•tut un.
7. T't,at in thr cvert tt~a~ ar The_-Er.;:nr.:ng .-f nr ai any +~~~:e u~-•~d(+~y o~/ s~~t cn +lus No.tyage, or !o forec:ose it, or to refnrm it, o+ to enforce
.•:~r of any c s,~nx h~~eo~~c!~+. ,,;d ~,",._~4li,r,G_`. ai~-, ~.:F•,,~y ~o -.;~t h:~..: g;....sd:r.ion !i,_:~-of fo! the appe~ntment of a Receiver, wch Ce~rt shalt
~ • .~rh jr.;,;:;nt a~ocei,e• of s_ ~d ~•tg~~~. ~ ~r; ai' a,o 3~•ar, i•:: ;::i ~~y .:r~cf s~~~~~ar t'r~e in[ome, p~olds, issves artd revenues from whatever
.~9, c:ci, a+~.e e.ery oi cF~, c~~:;ry ~ ss'y r~.d_ s•_cd. ~s 'r , r ..,r~y:,~cd as ~f spec;ficafly set forth and descrlbed in the grantirg and
d~m,causes t:er_•c•', ard s•~ch Rco=~~cr s~e!: hale~a~i ~E~., i,~..ad a-,d ~r~ev::e ..~,d Fwwen in anywise emrusted by a Court to a Receiver, and
noin•mei~f sh~s~ t.^ n,ade oy such Ccu:! as a~~ ed•i:~nrd ~~q~rty .:+-d a~• e'n,t cr ~.:`~vte nyht to said MORTGAGEE, and w~thout reterence to the
• ,_:cf e+ inad~~y~acy ot t~:a va;•le of et,_ prcNe~~y rr.ortG:~ged or rc rhe s.;.: c, _....c:~r~ of aa~d MORT(~AGOR w the defendanis, and rhat such
~s pro::ts, ~ncome, iuu~s a:,ri rever.:es sr:ot: ue ap~iieci ty wcA Rec~~~.e: ~cc.xd,.:~ ~c~ +ne S~en or equity oi sa~d hAORiGAGEE and the proU~ce of such
~~r.t. '
9. To d:~~r, frc-n;:+!y a~d (u11y pprfo-m, d:,cf:a~ge, cxecu!e, effect, compiet^. c... w~~h and ab~de by each and every fhe stipulations, agreements,
i:!;cns and ~_.>na ~ts ~n ~a,d p:orn~ssor~ „te a:~~ 'n:s m~rtg~y[. s~•t ferth .
9. TF~+ +F.e e.~^t •h~ ur.ncrsh F af th.~ ~~.c•fgaoed p~er„ses, or a••± part ti~ereef, bcrorn~s vested in a person other than the MORTGAGOR, the
. t~AGE~. ~ts s:;~c•.~:s~.:•s ci as~~,r1s. ~~ay, v:~•,'i~o.~t :•etce i~ tn.• ;'ORI•'vr=pR, de~: ..:!h s:;rh successor Or successor in interest with re(etent~ t0 thi3
.~~ye a~d the ~~:t::1 Ye~e:,y ~..,~e~1 in the t:,~ie :r.~r.nc:r as r.~~h 'Aorty~yor w:th~ut in a^r way vil.ating or d,scharging the /lertgagors' liability here-
r cr ~~.;n •h~ cj..k.r ~~.-re;:r ci ~.c: ss'e oE tt:~ ~:r r~i~s h. ~eb; ~r~::rtyaurd and eo forbeara~ce on the ~an oi ~he /.10RTG.4GEE or its sutceua~s
~~~s and no exte^s:~~: c! •ke t~. ~'..r rh•• ;,ay~r• r•.,4 r:~e d.•ut h~~rk,r se.ured o~ven by tiie 'hORTGAG:E or ~ts s~ccessws or assigns, ahall operate
_ ~se, d.scha:ge, n~cc'~i~ C'.?ry_ O' attc'[t tr r c~y:r..~i ir~_:.;ny of ine ~:,GRiGAGOk nere~n, either in whoie or in part.
10. tt is sf.ec•f~-.,'~I; ,;~r~d th,~t ne r, rt ~l~e rsu^:e uf tl ~s contract a:~d ~t:at no waiver of any obl:gauon hereunder or of the obligation s~
~~_d hareby sha., a! any ?c^r t~~.r~~a~~e~ ae r,~:d io 6=: a.e..~..,~ 04 the !erms t:erec:~ cr of the inssr~mem sewred herby.
I1. in :<i_? ,+o . q r~ ~.;:y ,•y r,. ! ~;r.' ard , s' ~ d by t~~e prcm:ssery no'r s.cu~zd hereb~, morfgagor COVena~ts
yees ro pay to reor, j,,c .~.;+h .~arh r.,,:h y ad:: ~ c~~a'. s~•:~ .„•:~t n~ n:eugagee to be eq~al to 1, 12 of ti~e am;ual coat of the ~oliow-
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q_ q~! ,~ei property taR ,'r:~eri or a•s~s•rd eaa st th~ a'»:e dasrr:cd reat esrat.-.
B~'r:. ,,:•s c.n n^,~e r,•,~ ~:n *,=,d fo be car:~._ri c•~ th~• :n~prav^mentS s;tuate on th~ above desr.ibed premi:es. j
C-Pr•r-~•~rrs a:~ :,~r:!: ~.cr>~-,ge ~_~a~r.tv ~rw•ar._= ,n~•r.~agee s~,a~: ',o ..rr.e to t„ne deem fit to carry on the loan secured hereby.
.?or!gr.qee s~~- '~o~r. ~:~_.r f> r• e~•:•~~; cr*y,,~_r r. v,~i~ ng ef tne •~t d~e and payabie hereundrr a«d such su•n shail thereupon be dve and
I
on +F~~ d.~ o:,!._ ci ~4 ~ cn r, c:: + s..c.~•ss~~e r' cre,fr~r u~-t~i mcrtgagee shal! notify mortg~~or of a change in suci~
! ,:,r. Svch svms s'~a ~ te a::F• ~~d'r,; .:.r~g.,~ r,_ rc.,~3rd +he Fa;rren; cf reai p~cHerty taxes, insurance pren~~ums, a~~d mortgage g~aranty insurance
j 1^15
f ~F.1 Y.'IT~iE55 ..:i~R='vf. tn~ s~ d'AO~'iG.:G.^.R has i:e:c~ ~to se~ h~s ha~.d a~,d s~~~l the day a y r first aforesa' 7 !
( igned, Sealed and del~ve ed ;n the pres?nce of: . %
~ ~ ~ lS-~---~ -I'~-- r - 7Z (Seal)
~ Francis W. Colvin, a widowe~a~~
~ - _ - ~ - (Seal)
` - - - _ - - - ~ - (Seaf)
~
~ ~ Of FLORIDA ~
S5.
` .~'~TY OF St~_~UCle ~
Before me personatly appeared ____________________FranC15 W. COZVliI~ a widorver . . `•.,,4 ~
;
- - - - - kis~0lfE, to rrte weU'known aod~kn3v~n~io me to be
~:~-:div~dua! descri:;ed in ard who exewted the fo~egoing instrument, and acknowtedged before me that h0 exAtu~ecy itie~s3~ne~•Jo('t}1e p~rposes
~ .._~n expressFd. And the said------ - ~ ~ , :
• ~ of the sa~d _ _ - ~ ' ; 'vpo~ b'sep~?ate And private
~ nat~o.^. by me tak_n sepacate and acart frc~.. he: sald hvsband, etknowledged to and before me tbat she e~ceiutec! ~ i~il5,upqe~?I freeiy and vOlun- ~
~ ; and w~thovt a!.y COT~UISIC~I~ consfraint, ap~?tehens~on, or fear of or irom her sa;d husband. 3
WITtiESS m~ ha~ d and oif~c:al aeai th:s _?6th__ day of_-___ Ha r •/~j. D. 19 75
~ ~
~ _ '
~ .
fILEO AN~ Q.E~`7R~E~ tary Public in and for the Stat f Flor~ at large
~ ST.IUC~f :.~~sNYr FU. ` Comm~ssion expires:~f/7 '
`r R?i~m To~ RQL'~n ?;li'AAS ~ ~
;y ~ rst Federa{ Savi~:3s 6 toa~ Assoc+.,~.on ~~EFK C~~~Utf COUR? '
~ pf :o~t -v.-~.. RF~OR~Y~~~F!E~~••+""'~ Nc`o~j Put,rc, Srofe of Fkrido ol La~4~
For7 Pkerce. F~~ r:-.t.~ ' ~ !Ay Commission Expites
~ ~S 3 4a PN ~5 f;~. a cow+ur
~ Eoadca by M~er~
~ V W~ ~
~ J. Ha 1 Roberts Jr .
~ This Instrument Prepared By ~
~ First Federal Savings & Loan Association
of Fort Pierce, Florida 33450
~
~ Checked By
~ BOOK ~.JO PACf
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