HomeMy WebLinkAbout0050 3. To plece and cominuoualy keep on tho bu~.dinga now o~ I~rresftea ~itu~+f~ on so~d land and or~ al{ equip~nem and pr•sonally :o~.ercd by thiti mor~g-
ege, wilh sll prlmiums thereon pa~d m lull, lua insurance in die usue! s~~nda~J yo~~cy iorm, in a sum appro+ed b~ Ihe MORjGAGFE, and w~ndsto~m
imv~~nc~ in the utiu~l s~andard pol~cy tam, in a sum ~pp~oved by tt e MORTGAG:t, in tuch company or companies as the I.tORTGAGEE may
d~~Klj and aU fin and wirtd~lorm insurance poLc~es a+ any of s~:d iw~~d~~ys. •ny i~~~ere~~ therein or pait Iha~sol, in the aggr~garo ium ~foresa~d or
in eacesf thereoi, shall contein the uswl ~tanda~d mortgagN dausa w such aher Now~ as ths Murlgag~e may requ~ro, maMin9 th~ ~oss unJe~ sa~d polt
cir~, each and every, payab~e ro said M~RiGAGEE as ~~s int~r.>st may appear, e~~d each e~~d every such po ;c~ sh~ll be peomp~iy ass g~~rd a~~d dr:~~ered ~o
any held by s~id MORTGAGEE as further securily ?o said mor~gage debt, and, no1 ~esf than ten (10) deys in advance of the exp~ret~on of cach rx,~~cy, fo de-
~~ver to taid MORTGAGEE a ra~ewal therco~, ~ogether with a reteipt for the premium of auch renewal; and there shall be no f~re or windsto~m ins~r~nce
placed on any of uid twild7ngs, .ny inrerost there~n w par~ thereof, urt;esi ~n sh~ fonn m~d w~~h ihe toss payable ai atorosald; End in the event any sum
ut maney becomes payable ~nder such pol~cy w polK~es ssid MORTGAGEE shaU have ~he op~~on to rece~ve a~d apply ihe same on accounf of the indebted-
ness secu.rd hereby or ~o permit said MORTi'iAGORS to receive a~d use i~ w any part th~~~eof for o:i,~•~ purE.oses, .v~~ho~t ih~~cuJ ,v..~Y~,~ cr ~~~~p,.~.-
ing any equ~ty, I;e~ or right unde~ or by virtue of ~hia mo:rgage; •nd i~ the event sa'd A10RTGAGpRS ihall for any reasan fail to ?cep ~he sa~d pre~n~scs so
~niu~ed, w fail lo drtiver promptly ~ny of said pol~e~ea of insurancs to sa4d MORTGAGEE, or fail pramptty to pay fuify any pre~niu~n theee~or o? in any
.espect fail to perform, d~scharge, execute, efied, compiate, to~nNly with and abide by th~s covenan~, w any part hareof, said MORTGAGEE may p~sce and
pay fw such insurance or any part thereof withoul waiving w afiectir.g any option, iien, equ~ry, or right unde. w by virtue of this Mo.~gage, and the ~
f~ll amount of each and every such payment shell be ;-~ediately due and payabte a~~d shelt bear interest from tha date the~eof until paid a~ the rote oi
.•~^e per ceroum per annum and togrther v`uh such iroe~est shal( br srcLred by the tien of th~s mwtflage.
To permil, commit w suffer no waate, impairmenf ot dete~~orat~on of sa;d prcperty w ~ny part thereof. ~
5. To pey alt end tingular the costs, charges a~d eapenies, includ~n9 a reasonabte anuney't fee and custs of abstracti of titte, incurred w paid af
e~~y time by said MORTGAGEE, because or in the event of ~he (a'lure on the p3rt of *he se~d MORTGAGOR to duly, promptly and fully periorm, sl~scharge.
axec~te, e(feu, complete, comply w1~h and ~b:de by each and every the st~pula~~o~s, ag~eements, cu~d~rior,s, and covenams oF sa~d promissory note and ih~s
n:ortgage any or eirher, and u~d cosfs, charges and eapenses, each and every, shall be immediate~y due and payeb:e; whether o~ not there be notice de
r•,and: attempt to collec~ or svit peod~ng; and rhe full amouro of each and eve~y s~ch paymant that~ bea. in~ereat from the dat~ tAer~of uroil paid a1 the
o~ n~~ie ~xr ce~tum pcr an~~urn; and ali sa~d cos+s, charges and cxNenaes incur~ed or pa~d, togesher ~v~ih s~ch intereat, shall be secured by the 6en of thi~
mortgage.
6. That (e? in the event of any brcach of this Mo+tgage or default on the part of the MORiGAGOR, or ;b) in the event sny of sa~d sums o( money
he:ein referred to be not promp~ly and fully paid within thuly ~30i da~rs ~ea~ a~~a~ ~he sane srve~a:ly become dw and payable, w~thout demand or ootice.
or ~c) in the e~ent rach and every the stipukt~ons, +qreeniems, cond~~~o~~s ~nd covenan~s of sa.d prom~swry note and th~s mo~tgsge any or e~ther are nal
iu!y, p~o~npNy and 1ulty per{ormed, d.scharged, execu~ad, eiFected, compteted, compi~ed a.~th artd a6~~d ~iy, then in e~the~ or any such eveM the sa~d ag
~~egate wm mentioned in said promissory nore then remaining unpa~d, with interest ac.wed, and all mo~eys setured hereby, shall become d~! ar.d pay-
e forthwith, or thereafrcr, at ttu opi~on of aa~d l~10R7GAGEE. as lu~~y and compte~ely as if all of the said svms of mo~ey were onginally st~putated
:,e pa~d on such day, anything ~n sa:d prom:siwy note or in th~s Mortgage to ?Re cu~r.a~y not,r.i~hsrand~ng; and ~he~eupon or thereafter at the opt~on of
s e d h10RTGAGEE, without notlcr or dema~~d, wit a~ law or in eq~~ty, therefo~e w ~kereaiter begun, may ba prosecuted aa if ~Il monty• secured hereby
,i matured pnor to as inst~tunon.
7. Tha~ in the eYent ihat at the beginn;ng uf or at any t~me pendi~~ any sui upon this Morrgaqe, o~ ro lwec!ose it, w to refo~m it, or to enforce ~
F:.,,~~ent o4 any clai~ns hereunder, said MORTGA~:c sha'1 apply tu ~ha C~~~t hav~~ g,~~~s~i::t~on ther<of icr the appo~ntmeM of e Rece+rer, such Coun shail
~~h,,;rh appcint a recei~er af sai~ morlgaged prop~~ty a!t and s~ng~ia:, ir~l,;cl.ny ali and S~my~ldr the income, piof~ts, iss~s and re+envrs from wh~tever
s:~~ce derived, eech ar,d every oi whch, ~f br~ng exp:rss:y ~nde~s~cod, is fer<-oy r,orrq~g£d as ~f tpec~i~~ally set fw?h and described in the gransing and
~~;:rndum cla~ses hereof, and svch Receiver shal; ha~e ail the broad a~d eiix+~ve fu^c!.c ».~~d powers'in anyw~se entwsted by a Court to a Receiver, and
s__~~ appoin!ma~t shall be mad~ by such Ceuit as an admitted equ~ty and a rr.aner e! absa~ure r:yht ro sa~o M.ORTGAGEE, and wifhout reierence to ~he
,~~:i.~J3Cy Q/ ir~adequacy of thr value of the prcperry mong;ged oi to thz• ao vr.lcy O~ .•.;t;'.1onLy o( said MORTGAGOR or the defendants, and that such
r•~,rs, prof~~s, ~ncome, issues and reve~~es ahall be appi~ed by such Rece:~er ac:cro:~~3 ~o ~he Gen or eqwry of said MORiGAGEE and the practice of such
Court.
6. To duly, prompt:y and 4uPy pertorm, d~scharge, exetute, effect, co~np'rfe, tc:~•NI; w;rh and ab~de by each and every the stipulations, sgreemems,
. drt~ons and covenan~s m sa~d prom;ssory note and tb;s mortgage set forth.
9. That in the event the ownershfp of the n~.artgaged pren,~ses, o. any pa~t tnereof, 6ecomes vcsted in a pcrson other than the MORTGAGU2, the
;;;RTGAGfE, its successa~s and ansigns. may, withou~ r.ct~ce to the MOQTGA02, deai ~n,!h such succrssor or successw in interest with reference to thi~
: rgage and the de6~ hereby secured in the aame manner as w~th t.•,:,r.ga3o~ w•~+ho~t in a~y way vit:ating or d~scharg~ng the Mortgagori liab~i:ir :.arr
~~rr or upan the debt hereby sec~recl. ~o sale of the F=err.~ses hereb~ mo~tgaged acd no forbea~ar.~e on the pan of the lAORTGAGEE w its successors
ess~gns and no eatens~on cf the time for the paymenr ob the debr herecy sec.,.ed g~ven by the MORiGAGEE or its successws or ass~gns, ahe(1 operate
ro re•.case, d:scharge, mod~fy :hange or affect the o~:g.n~! Gab~irty of the NORTGAGOR herein, erther in whoie a in part.
1~. It Es s~c~fic~Ily agreed that t~me is of the es3e~ce of th:s cont:acr a~d rhat no waiver of any ob~~gauon hereundei or of the obligation sr
;_red hereby sha~i at an~ time thereaiter be hc:d ro bt a wniver of the te:rr.s hereoi or of Ihe instrument secured herby.
1 i. M add ~~o~ to rhe fo~eno ~~9 ~~uoth'~ payTen~s uf p~~:~c pa~ ar,d i~:er.es~ ~equ;rcd by the prom:sscry nore secured hereb~, mor~gagor eovenanis
+,d a,.ees ~o ray to mor!gagee v.~th rac~~ ~con~h:y Fay:, ent an aod r~onal s~m es!~n,ateti b~ mvrtgagee to Ne equaV to 1,' 12 of the annual cost of the foflow-
A-All real pron°~1Y iaacs tev~rd o. asseszod agai•~st the abare descri~cd real estare. '
B- Pr~n:~~•:;s ~n f~.e ar.d .ti;~:dsro:~.; ir.su~ac:e as he~ein requ:rea to be ca•r~ed en tF.e improveme~ts s~tuate on the above described premises.
C-Prerniums on such mortgage guara~ty ir.s~rar ce as mo~tgag~e sba;l f*oT. t me ro nme deem fit to carry on the loan sewred hereby.
MoHgagee sha l fro~.: ti:ne to t;:ne no+~fy neortgago~ in v+r~ting of the amo~~t d.~e and payable hereunder and fuch surn sha!: there~pon be due and
.:~bie on the due oate of ihe next montniy payment and each sv;;essive mo^~th TFC:f3fT^/ ~ot~i mortga3ee sha!l cotify mprtgagor of a ci~ange in such
ount. Such s~ms sha.i t~e ap~ iied 'ay mortga~ee to~.a+d the payment of real propeny taxes, inwrance prem:ums, and mortyage guaramy insutance
~:iums.
I
j iPJ YJITNESS YtiNE , the sa~d MORTGAGCR has nereu~to set his ha:;d and see: the day and year first aforesaid. ~
~ ned, Seafed d ivered in the nce of: i
~,LE: ~~"i~RDED ,
r ~
~ - $T lU:` ~~•~3kT1! FU. (Seaq
~ c;~ ;f~ -~;:~aS Dou s C. a
i (`~~-tF .C _It C'JUR (Seal)
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a i ~ r c'• (Seal)
I mond Pa ette ~
~ - ~SI I? ~0 ~ 24 1 1! _ (Seal)
~ ~ ~ ~ OF iIORIDA ~ ~ w~~~
~ ;'tTY OF _ St • LLiCle 1 ~ ~
Efefu~e ne personaliy appeared ~u91aS C• Pavette a„~
~ Armond Pavette his wife, to me well known and known to me to be
~ _;~,drvidunis described in and wha e,eecuted rbe foregoirig instrumem, and acknow'~edged before me that they executed the same fw tbe purposes
y •e~n expressed. And the ,a~d__ Armond Payette
° {e of the said 9 Payette
~~11 la3 C~ upon a separate and p~iv~t~
~ .•+m~nar;an by me taken separete and apart from her said husband, acknowledged to and before me that she ezecuted said instrument freely and voluo-
i and w~thout any comp~lsion, constraint, appr ~on or fear of w fram her said h~sband. "
~ V1ITNESS my hand an~ offiuai seal th;s_ day of._ __A r A. D. 19~_
, . .
Notary Public in and (or the ate of f ids et lerge ~
' My Commission eapires:
; Return To: A
a tirit Federal Savings S Loan Association
O! Fort P:r.ce
~ „ ~....~,..r,, .
fort Pirrce, Florida .
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~ ;~~OT;~.R.~-.'".i.
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This Instrument Prepared By Will~am J. Forbes ~ o.o.~~ r
4 First Federal Savings 8~ Loan Association ~s :
~ of Fort Pierce~ Flor ida • 33450 r`~~~ n t1 e L t~
~ C'necked By 0 Q ~ C,•'•• ~
~ aoox 2~ ~nrf ~ ~ ~ :
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