HomeMy WebLinkAbout0742 3. To plsce and wntinuo.,sty keep a+ rhe b~i'Ju,gs ~~ow e~ herea!rer f~wate on so~d !a~x1 u~d on all aq~~p~~~rm a~~d penonally tovered by ihls mortg-
e~e, w~tA all prern:~mf ~herron pa.d ~ri full, t~rr u1S•~~n~lCE ~n th- St~~rJo~J ~=o~~cy torm, a wrt p~o~cd by the MOR~CaAGfE, arxi .windstonn
.ruuranta in the ~suai sianda~d ~wi:cy for,v~, in e a~~~~ aHp•cvrd by ihe MURTGAGEE, in such company or compan~?s at the MOR/GAGEE may
d~rect; snd alt tire and w~ndsw~m ~n~v*anco po.~c:ra on any of s~~d b+~~!a•^~~s. any iNe~es~ the+ein ur part the:rol, in rhe aggrrga?e ~~m afwesaid w
in excess thereoi, ahatl con~•iln the usual sr,~~:dard mortgagee c~ause w such othe~ c~ause as Ihe Mor~ga~ee may requ•~e, ma?~ng the ~oss unrle~ ~a~J potf i
ues, each and every. payab!e ro iaid htJR1GAGEE as ~is +ntr<<st n~ay app:ar, ond each ond e~ery such po~~c,r ihall be promptiy ass g~~ed and deG~ered to
eny held by taid MOR(GAGEE as lurthrr sewrity to ssid n~ur~gayt d=b~,.end, not lesf than ten (10) daYa i~~ adrance of Ihe eap~~eha~ of each poGcy, to da-
i;+er ro teid MORTGAGEE a rr~~rwel thereof, ~oge~her wdh a rece~p~ tor the prw~~~um of such ~enewal; and ~hrre shatl br `.~re or w+nds~o•m inwronce
~~ec_d eR any of sa:d bvi!d:~9., any ir.ta:ase S.`.r:e~n or ~,o~t st~.:~.:cf, u:~':,ss ir. ±he fo~m anti with tfie foss payabte as afcresaid; a~d ~n ~he evenl any sum
of money becoR+es payabt~ u~der s~ch po;icy or policies said ~dOR~GAGEE shail have ~he ophon fo recr~ve and appty 1he sa~ne on account of tha indebted
neaa secu~ed fiereby O/ 1o permit faid MORTGAGORS t0 fcCeivu And uS! i1 O~ an/ p.:+f 1h~•reof ior o:~~r~ {.~r~ ~te5. fh~r~u/ w.:~.~.+~ C~ unpa:r-
iny any equ~ty, lien w~~9ht undc~ w by virtue o1 this mp:!9age; arxl in 1he event sa d MORTGAGORS shall for any reason fail to keep the said pr~misrs so
~nwrrd, pr fail to delwe~ pro~nptly any of said ~»~a~es o) inwrance to ~a;d MORTGAGEE, or fad pzompdy to pay fulty any pre~nwm therefor a in any
rrspect (ail to pe.form, dnche.ge, ezecute. elfect, canpleee, co+nply ~'~h and abida by ~his covenan~, w any part fiareof, sa~d MORTGAGEE ~nay p~ace a~~d
pay fa such insurance or any part thereof w~thout waiving or affecting any op~ion, lien, rqwty, or r~ght w~der or b~ virlue oF this Mw~gage, and the
t~.',~ e~»ovnt oi each and eve~y sv:h pay~~+em ~hat! kx ~mme~~ately d~•e and p~ra~!c and shail brer ~n~eres~ irom tha date ~h.:rcof un~il p.,~d at ~he rate ol
~ r par ce~~rum per a~~ni~~r: ond to~etr:•-r .r~th auch ~nrr~~st si~.:~~ !>e zewred by tne l~en oi th~s maregage.
4. To petmit, tommit or sulfer no waste, im{wirmant ot detrrioration of said prcperty or any parf IFw~eof.
5. To pay all artd singvlar the costs, cha?gea and ex{>e~~ees, incl~~ijng a reasonab:e atto.ney i Fce and wst~ of abst~acts of title, incurred or paid at
~n; ~:~~e by s~~d MOR~vAG~f, because or ~n the eve~t o4 the fa:`.ure on ~he pari oF ~~~e s„ld h~ORTGAGOR to duly, pro~pNy and fusiy per(orm, d~scharge.
_,~c;,ie, effKt, complete, comply w~th and ab•Je by each and every the s~ipuiat~o~~s, agre<•+»ents, conditions, and covenants of sa~d promissory note and ~hi~
.:rtgaye any o~ e~rher, and sa d coa~s, charges and expensas, each anci every, shai~ be em~rxdiately d~e and payable; whcs~~• o~ not there be no~ice d~
r:,~~d, attempt to coHect w svit pen:l~~~a: and the fut! amouni of each and e~'ery svch p~yment shatl bear interest fcom the date thereof uroil paid at ~h!
n~~ie per crn:um Far an~~.~ anc a~i sa~d :usts, cha:;~es and ea~.rnzes ~nc~rred or paid, together ~v~fh suth imerrst, shal! be setured by Ihe lien of thif
r, u tgage_ -
6. That (a) in thr erent of any breatfi o( ~his Mortgage o~ defauit on the pa~t o~ the MORTGAGOR, or {bl in the event any oi sa:d suma of money
!~~•etn reia~rrd to be not pro~nptly dr.d ~u~~y pa:d vnrhin ~h.rty (30) days r.e,~i a+~~~r the seme se+crai:y become due and payab!e, withou~ demand or nohte.
~:c; in thr event each and every tf~e stipu~a~ions. agreements, cond~he:+s and covenants of sa d promi:scry note a~~d thls mo~tgage any or either are no1
~.~.r. prOmptly ar~d iu1ly pe~(a~nad, ciacharged. exe;~ted, e~feued, co,npieted, co:+~p':ed w~ih and ab~Jed Sy, then in e~ther w any such e~enl Ihe sa~d ag
3are sum mentioned in sa~d p~omissory no~r then ~ema~n~ng unpa~d, wirh ,nrere>t aca:,cd, and aii moneys secu~ed hereby, shall become due and pay
er:~ iorthwith, or th>reaftcr, at the op':e~~_of s+:d hIORTGaGfE. as foity a~d competet~ as i~ atl of ~l~e sa~d sums of mooey were w~ginally stipu;ated
, t,_ pa;d on wch day, any~i~~ng +n s~.d p:o•n~ssory r.ore or in ~h;s Atorrgaye to ~he co~nrary notvrrthsfandi~.g; and thereupon or thereaftcK ~f the opnon o(
MORiGAGEE, w~~hovt no~~cr o• cie,nand, sv~t at taw ot i~ eqwty, therefore or tl.e~eaitrr begun, may be prosetWed as if a11 moneys secured hereby
~ .~.i ni,3lurtd pr:~N 10 .ts institv'~on. ~
7. That in the event ~Fat at tne ber:nning .>f or at any !une pend~ng ~ny sv r uFO-~ this Mortgage, or to foreclose it, w to reform it, or to enforce
.:c~~t of any c~~i:ns he<<•u*.dar, aoid MORiGNVC_ sha'.i .i:p?~ +u ?he Cou~t haw~,~ ~:,r~~d cr•on U,crcof {or the appoinrment of a Receiver, such Court shall
~.:,rh aFro+nt a~r:e~.e- cf said rertgagr~ p:o: :rt~ ai~ a:,d i~' yu~ar, inc~u~ ng <,•:d s,~~gu~ar tl~e ic~ome, prof~ts, issues and reve~ues Irom whatever `
~ e:en+ed, each a„d evrry cf wh::h, n be~~:g e:.p:ess'y u:::'.-:~s~cod. ~s ~.:_o; ~T..::rq<~ged as 3f spec~ficaJy sN fonh and deserEbed in ~he gran~ing a~d :
• c.dum c'a~ses Frr_•u', and svch Receive~ shal~ h,+~ a~s the b.~aci a~:d ~~'er.;= c' c~s and powe+s +n anywne eMroaterl by a Cou~t to a Reteiver, and Z
s_ ~ppoin?ment sh3lf be n:ade by such Co~rt as an ad ~utted rqu~ty and a ~•~a're. of aF sc~ute ~~ght to said MORTGAGEE, and withcut re~erence to the
_~cy or inadeq~acy o4 ~he vaive of ~I~e p~c~erty mc*~gayed or to rhr s::.~.•.~.cr c- •~~:u:~ency o1 sa;d IhORiGAGOR a the defe~dants, and tfiat such ~
•s p:oiiTS, incotr,e, issves and revenuea shol; t~e app~~ed 'cy such Re:e~~ar eccord.•,y ~e ~he IEen or equity of wid MORiGAGEE and the practece of such }
rl.
8. To d~'y, pr;,m;,t'y a~d fuify pe~fo:m. d~sch3r~e, exec~~e, efiect, comp:en~, cc~,.~•I~ w+~h and ab~de by each and evesy the stipulafions, agree~nents,
;ns ard cc:enants ~n sa~d a:omissory ~~ote J~ld thls ~noriyage a~-t torth.
9. S~;r thc e~•.ct ~h•~ or.r._-rch:~. of tta r.:o:t~aged pre:*::s~s, o• a~~y pa.t thereof. 6eco,nes vested in a pe~son other than the MORTGAGOR, the
-~,Gtc. iis s•;:ccvo:s o::d ..s<_ sn>, ~~~a~r, Y.~~h~u~ no+~~: tu tne ~'•ORTGa~~, d•_ai .+[~ti s~ch successot a succezsor in imerest w;fh reference to this
;~~e a: a tne d_i~t l.c~rby se:c:rd in th~ Sa^~e roani.er as w~th ~R:,rt j,~gp. w~th~ut in ar.~ ;va~ vitidting Or d~stha~g~ng the ldOrlgagota' {idbility F?ErC~
- cr uµ,n rf:c d.•::t herrr~ s~ d "i~ ssic of th~ F rr•~,is_•s h_reb> rr~o~lg.3ged ar.d no forbea~ance on the pa~t of the ~AORiGAGEE or its suttesson
;~s ar.d ~o exrers:e^ of ri,,. f.,,,.-. r.. . .+~.t,i h~~~•by secureci g:ven by ihe MORiGAGE: or its successors or a~signs, ai~atl operate
-,sc, d.scharge, m~d~fy :heng._~ cr atratt th~~or~y:n::~ ilo~:,t/ of ~he N:JR(GAGO~ here~n, enher in whole or in part.
l~J. It is spec'~:jii~ .~~-re:l tha± ~ie ~s ef r<<~ essence of th~s convaa ar.d that no waiver oi any obfSgat~on hertunder or of the obligation st ~
i hzeeby s'~a•.t at any :.^.e 't~area?tei ba F.eid to bc- a v.a~.e~ of the !._rrT:s hereot or o4 the instrument setured he~by. ?
' l. In .:id r:•: ~ b''~=_ to•=.}~ .;1 t:~n• e`. ;vs•.c a:id i:~_r_st r-qu~r~d by ~he prom:s~ry nore aecured hereby, mortgagor tOvenants F
~es ro ~ay !o :.~•~a ~,:-.e ..~'h „~ri, ..:~:t an add r:ena~ s~ ~s~ ~.+~rd b~ merrg3ge~ to be equal ro 1; 12 of the an,~+at cost of the follow- `
~
~
A-Af! r~ al ~:uN.•:ty ta.cs ri:~:'. o- ass^s• :i ~:s` t1~i aF~ove d•
,•.;~..i r•.al es'.,te. ~
g- v..,., c,... ~~,a ......a..,.... . _ _ _ y : c' .,c c.. . ~ed o~, the :~nrrovements s,t~ate on the above d_sc.LLed premises. ~
C Pr s ~n su<h ^ ort~ ce g:~o~a ~t{ ~csv y ce as mc•t~a5ee shaii fr •r r^-e to time deem fit to carry on the loan secured hereby. ~
r.'o~t3ag~c s~., ~'rcrn t„ r: ~ e~..+~f; n e~,:7~• ~n vfr't.ng of the . o.:~t dw ar.d payabte hereundar and such s~-*~ shall thereupon be due and
: on th~ d~~ oar= oi rhe cext ;a~ ~t]~ y c.;~~~+~~~u and eac~e svccessive ^~o•.tn the~eafter ur.ti! mcrtgagee sha11 noti4y morrgagor of a ehange in such s
S~.c~1 SV'PS s~.aii te ~pr-:+ed ~*~or'gao,r ~c:.a•d tiee pa~ment of reat prcce~ty taxes, insurante prem:ums, and mortgage gua~aniy insurante
i ;..:s
I ~
; 1': ':l1SP:i,iS 'llhifR~Or, tn~ ss~d 1,•.:~R?~.A:~Jn nas Yere~~~fo set ii~s hacid and seal the day and ye~r rst a~oresaid. '
/i /
; $~gned, Sealed and de'~+ered in the p~csence of: ~ F.L~~,3L'CV ~
fILE~?~ :.t'NSY FL*• ~ ~ ~ Seap t
i /j S;. LG ` ',:T~AS 3
if ~L-f :~.ra"`-1+~'=~ Cl ~ ` ;'~~T t.0UR7 (Seaq
g • - - ~ - - r ~ Y t ; F i'.-1 ' (Sealj
~ _2 C.--- ~f~ •-f M f?~ (Seal)
~ - CF FLORtDA ~
` Mat ~ 2 3~ e `
u_
~ :=~r oF ~ St . Lucie____________ ~ `~}~~j
~ Before me personally aopezred „ ROI)@1 t D=._ Albritton ~TV~~~'~ and
~ _ Shirle _B. Albritton .
y his wife, to me well known and know~ to rt+e to be
~ • ~.:i~vidua~s drscri6ad in and Xho exec~ted the for o~ng i trumgnt, and acknowledged before me that they executed the same for tF~e purposes ~
~ , _ s~i~~~y Af~ritton
• expressed. And the sa:d.__
~ of the sa;d ROb~rt _D. Albritton _ u~ a sepa~ate and prrvate
' •-:~ar~on by me ~aken separate ant! apert {rom her said husband, ackrsowtedged to and before me that she ezecuted sa~d instrument freely aad volun-
f , ~~:d w+hout any tompu;siun, con;tra~nt, apprehens~on, fear af or from her said husban
r
* Y1li\~SS my h~c,d und o;fic~al seal th~s day of_~_ - A. D. 19~'~
i
- : ~.vu~
Alatary Pub?ic in a d for the tate of Fbrida at large ~
My Commissio~ xpires:
Rervrn Tp: ' ~
' r.~st Federal Savings a loan Assoc~~'.on ~
5 -
Of ~ore a...•c~ , • • . ~~,^,otr.AatIARGE
FO!1 PierC~, FIGri:Je . , . ~ ~ . -.,I. 7r ~77~ ~
~ ._.i...,... ..r v_..~.~~$ Ii~.SSilBilGi TiO'
; ~ ~1.1 ,.:t+ / ~
~ ~ ' -
This Instr~ment Prepared By Richard K. Kayes ~ ~
First Federa! Savings Loan Association ; ~ , . - _ .
of Fart Pierce Florida 0 R JM• `
5 ' BO~K~ PAGf ' ; - .
~ Ci;~cked BY _ ~~c ; ~ -
> ~ r -
: , .
~'.~'~s~' '
_ 'v•
~ ~ • ,y~~~tlllStlN1N
~ - -
~ i + a~ ~ ~ ~ z j
~r.,u ~ . . . . _ ~