HomeMy WebLinkAbout1326 3. To place end co~tinuously keep on ~he bui:d~nQs now or hereafter si~uete on sa~d land and on all equipment and pe?wnally covered by this mor~y-
age, w+~h sll premiums thrreo~ pa~d in f~!1, (ire ins~rantc ~n the usu~~ standard po'ity fo~m, in a sum ap~xoved by Ihe MORiGAGEE, and w~ndstwm ,
~ns~rance in tha ysual ~eandard po!:cy form, in a:um appr~ved by the MORTGAGEE, io such canpany or compan~es as ths• MORTGAGEE may
d~rect; and all fire and winds~orm inwrance pol~cie~ on any of sa~d buildn.ys, any i~rmea~ therein or part the~eof, in the aggregate wm afwesaid w
in eacess ~hereof, sha!1 tontain the uscal star,dard mortg~gre cla~se o~ such mhe~ cla.,se as ths Mortpagee may requ.ro, maAing the ~oss u~er sa~d po1F .
ciei, each ard every, payab!e to saSd A1pRiGAGEE as ~ts i~t~rest may appear, and each and eve~y such pohcy shali be promptly ass gnrd and delivered to
any hetd by aaid MORiGAGEE as funher ~ecurity ~o said mor~gage deb~, a~d, not less than ten (10) days in ad+ance of the exp~~atio~ of each pol~cy, to da
I:ver to said MORTGAGEE a re~ewal thereof, togeiher with a rrte~pt for the premium oi soch renewai; and there shall be no fire or windsto~m iniurants
placed on any of said bui!d~ngs, any intereu Iherein or part ~hrreof, un'rss in the torm and with the loss payab:e as aforesaid; and in the event a~zy sum
of nwn~y becpm~s payabte vnder such polity w policies sa~d MORiGAGEE shaU have ihe opnon to roceive and apply the same on accouM of the indebted~
ness securod hereby or to pen~ut sa~d MORTGAGOR$ to receive a+~d use it or any ~.arl tlirr~oi to~ oti,rr pur~~osrs, ~•+~1ho~1 th_r. e~ w~i.+~~g or ~mpai~- Z+.
inq any equ~ty, lien w rigfit undrr or by virtue of th~s mo; ~gage: and in tha event sa~d MORTGAGORS shall for any reason fail to keep ~he said premius to '
;nsu.ed, o~ (ail to delrver prprr,ptly any o( aaid po~;cies of inswance to sald MORTGAGEE, or fait promptly t~ pay fully any premivm therefor o? in any :
respecl fai~ to periorm, d+scharge, execute, effed, canpietr, compty wi~h and ab~de 6y this cove~ant, or any par~ hrreof, said MORTGAGEE may place ar.d
pay iw tvch insurance or any pa~t lhereof w~tlwut waiving or affecting any opnon, !ien, equify, or right unde~ a by vir~ue of this Mwtgage, a~d the
f~:il amouM of each and every such payment shalt be immediately due aRd payab!e and shalt bear iMCrest from tha date thereof until p~id at the rate o1
e per centum per annun~ a•ed to~a~nrr w~!h su:i~ i~~r~rr+r shai; tv~ secured by the lien of this mortgage.
t. To permit, cemmif o: sufier n~ wasta, impairrnent or detetioration of said p:operty or any part thereof.
S. To pay all and singuiar the costs, cha~gea and expenses, includ~ng a reasonabte attwney's fee and costs of abstracts of title, incurred or paid at
~np rirr.e by said MOR1GAGfE, because or in the event of the fa~lure on the parl 04 the said MOitiGAGOR to duly, promp~ly and fu~Iy per(orm, d~scharge.
~xecute, efiect, complete, canply w~th and ab:de by eath and every the stip~iat~ons, ayree~nents, conditions, and covenants of said prornissory note and this
T o~~gage any or e~ther, and sa~d costs, chargrs and expertses, each and e~ery, sAal{ be immediatety due and payable; whcther or not there be no~ice de~
ma~~d, at~empt to colietl or suit pend:ng; and the full amount of each and every such pnymenl shall bea. interest from the date thereof until paid's1 the
oF n~ne per cr~t~m µr aun~.n; ~nd ai~ sa~d costs, char~ea and rxp::nszs ~ncurred or Haid, togather wdh such imerest, shall be secured by the lien of this
m. or tgage.
6. Tha1 (a? in the event of any breach of rhis M~rtg~ge o~ default on tt.z p~.t of the MORTGAGOR, or (b) in the evenf a~y of said surns of money
here~n referred to be not pro+npt~y ar.a f~lty pa~d w~~hin ihuty ~30) days next a~ter ~he aame severa!ly beco~ne due and payable, withovt demand ot notite,
or ;c) in the event each and every the stepu+atlons, agreements, cor:dfrions and covenants of sa,d promissory notz a~d this moriyage any o~ either are nof
i~:~, premptly and iully performed, d s~haryed, e~ec~ted, eFfec~ed, completed, co~n~,i~ed vnth and ab+drd by, then in either p any such event the said ag
~r~=gate sum ment~oned ~n sa~d prom~ssory note thrn remaining unpaid, witn mterrst aa~:,ed, and atl moneys secured hereby, shall betome due and pay-
r~ a fo~ehwirh, or thersafre., a~ ehe opnon cf sa.d 1:t02TvAGEE, as fuity a~xs comp:eta•iy as if afl b( the said .sums of money were wiginatly st~pulated
e be pa:d on svch dcy, any~h~ng fr, sa.d F.rom~ssory note er in th~s ASo~tgaye to ~r.e con+rary not~~~hsranding; and thereupo~ or thereafter at the opt~on of
se.d IdORTGAGEE, w~'ho~t nof,ce or demand, s~it pt ~aw or in equlty, fherefure or ~horea?ter begun, may be prosecvte~ as ii all moneys secured Fsereby
i
n,d matured pr~or to ns inst~tu!~on.
7. That in the event that at the bey;nn:ng ~.~f ar at any time pe~ding any su~t upo~ this Mortgage, or to foreclose it, w to re(orm i1, or to enforce
:vment ot a~y daims hereunder, s3~d t,1URTGi,G~_: shall apply to rhe Cour~ hav,ng ~,,:~sd:ct~on thereof for the appo~ntment of a Receiver, such Court shall
~•~.v~th appoint a reo.~ver of se~d r, ocgd~~d F:ro^.-_rty all ar,d s~ngula~, in:iud nq a•:d s~ngular the income, profits, iswes and revenues fiom whatever
?,-ce derived, e.:ch and every of wh:ch, be~::g xpress~y unde~z~ced, fs ~e.::~~y mo.rgaged as if spec~fically set fwth and dexribed in the granring and
~t,endum c;auses herrof, and svch Receiver sha:i have atl the broad m:d e~?ecn~e f~,~c!,ons and pov~ers in anywise entrusted by a Court to a Receiver, and :
s_ ch appointme~~t shail be rr,ade by s~ch rou~t as an adn~itted equ~ty rnd a n~a~rer oi a5sotute right to said MORTGAGEE, aod without reference ~o the
:_y~aq or inadeq~acy of th~ vaiue of the prope~ty m.~rtgaged or to tne sr,vrncy o~ .nsulvency Of said MORiGAGOR p the defendanis, and that such
~s, prof~~s, income, issues and reven~ei shali be ap~I~ed by wth Rece~ver xco:d.: y to the lien or equity of said MORiGAGEE and the pradice of suth
~.curt. , ~ - -
8. To d~ly, prcmptly and fuliy perform, d~scharge, execute, efiect, completr, cor.:p;y wifh and abide by each and e~~ery the stipulalions, agreemeNS,
,d~~~ons and co..~~:ants ~n sa~d prom~ssory_note and this mortgage srt forih.
A That ~n the even~ the owne.ship of thr mortgaged premises, a ar.y part thereoi, becomes vested in a person other than the MORTGAGOR, the
:'R?vAGEE, i~s svccessu±s anci assig~s, n~ay, w~~ho~t notice to the +AORiG~01, J~ai ,anh such successor w svccessor in interest with referente to Ihis
~+gage and the Ucbt hereby sewred in the same mann•~r as w~ih A".ortgago. w~tho~t in any way vihating or discharging the Mortgagors' liability here-
i<r or ~~.on ~he d•_t,T h~r,~i~f saa~;~•d N~ s:'c uf t~.e Eremi<es herebr mot~qay_d and ~o forbearance on the part oi the MORTGAGEE or its successors `
;ss~gns and nc• extensiu~ of the s:ma t~r ri,~ Faym~•„t of the deb+ he.eby secu~eJ given by the MORTGAGEE or its succeasors or auigns, ahafl operate ~
•c: rc~ease, dacharge, med~fy cF,ang~ or atiecr ti,e or~g~~,a~ lie~:;;r~ of fhe ILORTGAGt7R he~ein, either in whole or in part.
10. It ~s s: ec~fica~~~ agreed rhar n~ne is of ;i,> esse~-:e of th;s contract and that no waiver of any obligat~on hereunder or of the obligatan se-
c,:•ed harehy shali at a~y t~n.e tnereatcer be he~d ro b^ a wa~ier of the !erms h~reof or of the instrurnent secu~ed herby. ,
I1 In edJ t._ ~ ro t~,r fo~egc ~•~~o~th~y pa~m_rrts of pri:~c pai and ~n~r~~sr r•~qu~•ed by ihe promissory nore secured hereb/, mortgagar eorenaNs
; agrees to ;.ay to rt 0!:j?y.e v.i?h e.~ch ~ ~n!h'y ,,~;~.,e~~t an add;•ional svm est•~.~a!ed by mortgagee to be equal to 1;'12 of the annual cost of the follow-
A-Ait reat `ropert~ ~ax~s lev~cd or assess;~,; agai•~st the above descri!~.•d .eal estate.
Prrr; u s rn~ f~•e ~n~ v.;,:c~uo:~r: :~uu-a~ ce as i•ere~re requ.red to be ca~r~~d c~~ th_ improveme~ts srtuafe on the above described premises.
j C Premivms on svch m.orrg,qe guarar.ry irsur~r.ce as rtw•tgagee shail fron~ tima to ti~ne deem fit to carry on the loan ucured hereby.
' ~J!ortgagec z~a': frcm r~~,~e to t~ •~e nor fy rno~sg~gor ~n w~~t~ng of the a~r:ount d~e and payable hereunder and such sum shall thereupon be due and
~ ~n,e on ihe ti_~c• d.,r~ of next n,o~f%-:y ~,ay:,:err and e.ch sw.cessive rnor;th ~hareairer unti! morigagee shall notlty mortgagor of a change in such
~ =:;nt. Such s~~*+s s'^3:~ t~ appued by morrgayc~e toward the payment ot reai property taxes, ~insurance p~em:ums, and mortgage guaranty insurance
~ ~ :vm5. ~ .
~ IN ~1lTS~ESS '+:NEREOF, tne sa~d tJORTGkGUR has ne e~nto set his hand and s~al the day an ear first afwesaid. _ /
! Si ated and de'i• ed ' t sence of: - G~~ ~
fIIEC =y~~ ;fC~~0E0
~ sT_ ilL:: ~+~3MTY FL~ _ Seaq :
ROC_= °~+T~S Be nie Thames ! ~aq '
CLEfi1~• L" :.l tNT COURT ~ ,t-t L Y'L~ l
~ - qFr,~pt• v:'-!"~;.(i ~aq
~ _ , l~__ Alexandria Thames r~a~>
OF fLORIOA ~ • • ^ ~'Z~
St . Luc ie ~ ~~~86
u'dTY OF 1
Before me pe~sonalty appeared Bernie Thames a~
A_lexandria Thames his wife, to me well known aad known to me to be
~ndividuais dexribed in and who executed the fore~ oing instrument, and acknowledged before me that they executed the same for the purposes
~ +'~•.•e~~ ex~ressed. And the sa~d__ _ Alexandria Thames
~ , s B rnie Thames
o. the said ~ upon a separete and private
~ nariun by me raken separate and apart from her said husband, ackr.owled~ed to and before me that sfie executed said instrument freely aod volun-
~ : and w~thout aKy compulsion, constraint, apprehens~on or fear of or from her said husband.
~ 4/lTNE55 my hand a~d offic~al seal th:s__ - day of A ril A. D. 1975
~ - ~1~/~1.,~
Notary Public in r the $tate of Fbrida at Larye
My Commission xpires: '7 ~ ~ 2 + 'l ~
~i
~ Returr. To: • • ^ + ~ ~ - - t':. ''c: r, r ....e
r~, st Federat Savin~s 8 loan Associ;,ron ~
Of fort P:e:ce. t' ` , •s :i, 1977
F:rc 8 G.3•v.,! Cc
Fort Pierce. Ficrid~ - • . . r 4'
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'~r . ~ ~ r ~ C,'
~v This lnstrume~t Prepared By G ~ry F. El lwood ~
~ First Federa! Savings & loan Association
~ , of Fort Pierce , Flozida . : J ~
~ - ''t~ o; j r
Checked By U R~~~~ P ~ ;
Bo~ ~~E1325 i :..~r.
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