HomeMy WebLinkAbout1233 3. io ptace and continuouslY keep on rf~e bu;iJ~nys now o~ hereaf~er aitu.,te on ss~d ~~nd a~d on ali equipmen~ and perso~~~~y covered by this matg~
sgs, w~th all yiemiums ~he~eon p3~d ~n fuli, fue insu~a~~ce ~n ~he ~?wt ~unda~J ~;orcy to~m, in a sum aHpro~ed b~ the MORiGAGEE, and windsturm
~nsu~~nc~ in tM ~iwl standa~d ~.ol~cy form, in •:um appruvrd by the b1pR.'GAGEE, fuch company o? tompanies at N~s MORiGAGEE enay
d~rectj u+d a~l fi~~ and w~nJsrorm insu~ance {aoirc~rs on any of sa~d bu~!d~ngs, a~y ir.lere~t iherei~ o~ par~ thereof, in the agg~ey~~e sum afwess~d a ~
in mectu thrr~of, th,~il cuntain the usual aanda,d mor~c}agee ctaux o~ such o~h~~ G+use as the Mwtgsgee may roqu~~s, makiny the loas unJd sa:d pol~
Ges, eacl~ and eve~y, payaL:e to ia~d A'•ORiGAGEE as ~ts I~~~~r~~si may,OppOi~, end e.,ch ar~d eve~y ~uch pa!icy shall tx promptry ass gned a~~d de~~~ered to
eny held by sud MORIGAGfE ss {vnhe~ security ~o said mongage Jeb~, snd, no1 Seu ~han ?en (10) da~rs in ad~ance o! the expira~~w+ o( e.+ch potfty, to de- _
I~ver to ~aid A~ORT~AGEE a re~ewal the~eof, ~oge~har wirh e rece~p? (or the pra~n~um o( ~uch rc~~ewai; and there shal~ be no fire or winds~4rm inaunnce
pi~ted on aoy o4 wld bwld~ngs, any iroeroat therein u par~ thereoi, umeis in the ~cnn and wi~h the loss payabfe as afuesaid; a~d in the evenl any sum
of money bec~n:es payable u~u~r such po~ity a pol.cios ae~d MORfGAGEE ahall ha~e ~he ~puon to fCGLIVe and arpty Ux ssme a+ accovn~ of 1hr indebte~
ness sKUted herrby o~ ?o permit seid MO~TfGAGORS to teceive and use i1 p any ;~.~t tlr~eui tor o:nrr F,urF.2ses, ~•i•Ino~l th ur +vaw~~:7 c~ ~~~~po~~•
~ng eny equ~ty, tie~ or ri3h1 undcr os by v+rtve of fh~s mo:'•gage; a~d '+n 1he event ~j'd MORTGAGORS shalt for any reaton Iai) to keep the aaid premitaf so ~ ~
~nw~rd, w(ail to delive~ prompt~y any ot safd pot~cies o( insurance to se~d MORTGAGEE, a foil promptly to pay fully any premiwn theretor or in ~ny i
rrs;:rct fail to perio:m, d~scha.ge, execu•e, eI1eU, comp:etr, co~r,piy wirh snd ab~de by ~his covena~~, o~ any part hrreof, sa~d MORTGAGEE may piece and ~
piy foa wch ins~rance o~ any pa.t Ihereof w~fheut waiving w alfecting any opiion, ~ien, equ~ty, or nght under or bf v~rtue of this Mortgaye, snd tfit
i amoun? of ea;h and every s~ch paymem shalt be ~mmed~ately due ar.d payable end shall baar interest from Ihe date thcrcof until pa~d at the rate of ~
~c per centum per annwn and roaetha~ .~i~h e~th i~~t~res! <h~li t~_ sewred by the iien oS th~s mortgago. ~
1. To permi~, comrnit w su(fer no waste, impair~nene or dcter;orat~on of sa~d prope~ty or sny pa~t thereof.
5. To pay ell and sing~lar tAe casts, chargef and expe~ses, inc:ud~ng a reaso~eF~Ie a~rorney's ~ee and costs of a6~tracta of ti~le, incurred o~ pa~d at
. rimr by sa~d A10RIGAGEE, becavsc w]n the event o~ thc ta~iure on the part ot ~he sa~d b10RTGAGOR to du~y, promptly and ivlly Perlorm, d~stharge.
.e:ute, effect, compir?e, corply w~~h and ab.de hy ea.h artd every ehe st(pvla+ons, agrea~knls, condi~ions, and covenams oS sa:d promisswy note an~ ~his
,rrgage any o? e~~her, and sa~d cosrs, charges ar.d rxpenses, each a~d every, eha~l be immediatefy due and payabte; whether p not there be notite dt
_ a~te~npt to co:tect pr suit pend~ng; and t~~e f~U amouN of each and every av~h pa~mertt sha!! bear imerest (rom 1he datQ theieof until paid at ?he
~ n~ne pe~ cr
~t~~r~ H~•r ar~,~ ~i; a~~c: .,i1 sa~d wsvs, cha:grs a~ed o~.:~a~~s_•s ~rKU:ted er E:aid, tQyr~her tiv~th such interest, s1w11 be sec~red by the tie~ of thi~
•~,c~tgage.
6. That (a} in tfie even± of any 6ieach of this Mortgaga or defaul~ o~ the pa.t o! ~he MORTGAGOR, o~ (b) in the event sny of sa:d sums of moneY
hcre~n refe~rud to be rtot p~omptly and futly paid ~vithin ~h.rty ~3Q) days neA~ a~~^r the same severa;ly becc~me due and QaYable, without demsnd or notice,
.c) in thr event each and e~ery ~he stiF~u:arions, r9reemenrs, cond.no~s and covenants of sa~d promissory note and th~s mo~tgage any or e~ther are not
,~•romptly and iully ~ifo~med, dacharg<d. rRecu~.:d, elfe.~ed, co n;,;e~ed, co~np.:ed v.~th a~1d ab~ded ~iy, then in e~ther w any soch evenl the sa;d ag
.3etz surn menuoned in sa~d p:onusaory nure t!.an rernain~n~ u~iFa~d, wuh inter,;;f acu:,rd, and a~l moneys setured hereby, shatl betome due and pay~
fcrth.v~th, o~ thereatter, at t!~r cpT:o~ 01 se.d MOk1GAGEE, as T~ily anJ cornN,e~e!r as ii all oi the said sums of money were o~ginally st~pu~ated ~
n_• pa:d on such day. anytning in sa d pra: ~sscry note or i~: rhu t~ortgag~ to th: co~~«ary not.virhstand:ng; and therevpon or thereaftet et.the opt~ort o4 ~
s.:S ~AORIGAGfE, wr.hout not;~e w drrnand, s~n at law ar in eq~~ty, therrfure or the~ra'.ter begun, may be p~osewted as if aIl moneys secured hereby
:i marured pr~er to ~ts in~tituhon.
7. That in the eY~:» rhar at tha t,eg~nn ng of or st any r~me pend~~~g any su~t ~pon ~his Mo~tgage, or to fweclose it, or to re{orm it, or to enforte ~
of any c~3~~»s !~e~eur,der, s;~d A,OR~GMJJE shail ;;:pty ro the Co;~•~ h.~wrg ;~r~sd•c+:o~i st,,:;eot for the a~pa~ntment of a Receivar, such Court shall ~
•.;~•h ap~o~ro a rr:e;.t•r ot s:,d :r.e•~gajed ~,:o~_:ty a!! a:~ci si~:gutar, ir.t:vdny ~++d s•~~av:ar t1:e intome, proius. issues and revenues from whalever ~
.'.t-rived, each ard eiery• of w,!,•c!., ~r :~e~:~g :r~press'r ~ndrrs!ucd. is nereoy mc:!qaged as ~t spec~(ically set forth a~d dexribed in the granting a~d
• •.:d~~-, c'a~ses herao4, ard wch Recea.er ihaVi hz~e aii she brcad aod eifrc•~ve funct c::s enJ powers in anyw~se rnt?usted by a Court to a Recriver, and
~ e,:coinrment sfia)~ be made by wch Covrt a3 an ao:~~i~ted equ~ty arsd a n~;itcr OF .'JSJ~UfQ nyht to said MORiGAGEE, and without reference to tfie i
:__cy o> inadeqvacy oF tS-e va!~e o' ihe pror,eny mort~aged or te t:,r save•~c~ .o:.ency oi said MORiGAGOR a the defendants, and ~hat such
c proirts, irxo~ne, ~asues and revenues sh311 be ap;:i~ed by such Recewer ac,~r::•.:a ~o the lien a equity of said AAORTGAGEE and the practice ot such
_ : . rt.
9. To d~'y, pre.r~.tiy a~.d f~lfy petSo•m, d~sth~rge. execuTe, effetl, co~nplete, cc.;,:•.!y w~th and abide by each and every the stipu{ations, agreements,
:i ~ cn~ ar,d W VCtId:1I5 ~n s_~d c:rom,szo' f noc~ a:id ~h~s rt.o~~gage sts 4orth
4. 7F.ar i.i rhe eve~t she cv.^.?~sh;F of t~e mar~~3gc~d pre~:ises. or anyr pa~t eh<_rcoF, ~ecomea vested in a pe~son o~her lhan ihe MORTGAGOR, the
._,'=4GEE, nS ;ucc~-~~•s a~Cl .~st:~~s. i~.~y. wi'!`o•.: np+~c~ to t-:t A'O~TG%•JR. dea; w~~h surh successor or successo. in interest with relerence 1o this
:.ye er~~ th~ d~ul h~r~i,y' c._C...,«~ ~n thC Som_- •.~•:~~er aS ~.v~7h 1: Ct!~a,0: ~.v~1h~^u! .n dny Wdy vitcafir~ or deschargillg 1hG ~110rt9d~0lf~ ~iaElility F1EfC-
or uE:on !he dou~ hcreuy sec~~~d .c: s3.,:- of ~he r~~ ~s•~s h~•reby •~ortgag~d ard no forhearance on the par! oi Ihe IAORiGAGEE ot it! Suttessosi
gns and ~~u ca~~•r•r.o~ rhr So• rh~ r.y:-,enf oi +i,e deb~ he-_ sec~reJ g~ven by the ~~!ORTGAGEE or its successors or assigni, s~all operats
~;+se, dscharge, mcd~t~ N:a~~e or dttect che a•g.r.a~ i;a~ ~.tr oi ~F~e hSuRiGAGOR here~rt, e+~her in wfiote or in pa~!.
10. It i~ srecificaG~ ag~eed ~!,at t,~ne 01 the t'SSi`~1GB af th]s co•~ract and that no waiver of any o6ligation hereurxkr or of tfie obiigstion se-
-_d haieby sha!~ af any tir:e tncrrafter be hc~d to b•_ a wa~:er of fhe rerms r~e.eof or of the instrumrnt sewred herby.
l l. tn .;cid:t.o ~+o ~he forego ~~g monri~!y pay~~~=nsa of pnnc p~l and ~:,re~est .equ~:ed by the promissory no~e secured hereby, mortgbgor covenants
; a?•~-es ro pay }o ,r:ortg~;ee v.~rn eac!+ n,or,ii'y ~,ar.:-F~u a, a:ic1:<ionjt s~m esci~:ated 6y mortgagee to be equai ~0 1!12 of the annual cost of the fotlow- ;
r
~ A-Afl rea~,properfy taxes ~ev~ed c• asses!~-ci ag~~•i~! tnc ahove drsrr~;~d rral es!ate.
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I F.-Pr,:a::wns on f:re artd windstr~n ~ns.,•ar.ce as Fe-~rn rrryo:red to bc car•ied ~~i the im~roveme~ts situate on the a6ove d-scribed premises. `
i
j C-Premiums cn such mo~tg,gc gvarantv ;nsurance as mc~}gagee shatt frore t me to time deem fit to car~y o~ the loan setured fiereby. f
".!o~ty;pee s~~; 'r:~r. +i,:,; ~o •:~~c ~~o~ff; rrcr~ya~or :n v.~~rh:g of fhe ;~o;; due and payable hereundr. a~d such sum shatl tnereupon be due and ~
t e on th~ d~e dat~ oi th_ n~_+t ~::a~t~.~ payrrenr and eoch s~~ccesv.e rnor:th thereafser ur:til mo+tgagee shall notify mortgagor of a chan~e in suth ~
_,~r. $;;ch wms st a:l ~.a~,p:~ed oy n_•r.g~ j:a tor.,,~d the pa~ment of real proFe~ty taxes, insurance pre:n:ums, and mortgage gvaraMy insurance =
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~ I'J tVITNE55 `:1H:RiOf, :k~e sa~d MO+ttGFGOP, has h>reu~to ser his har,d and seal the day and yea first aforesa~
; Signed. Sealed ar,d del~vered in the prese~ce of: •
. FiLE:~ GH- •`?El~~~d~~ ~ ~ Seaq
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- ~r 11 2 fl~ P~l'75 - 3o'~'8s3 .
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Before me persona'~y appeared ~_BIIII~.c~ H~?'et _ a ei nyle. »7 ~ ~w~•
_ _ ~in~rife~. to me wel{ known and known to me ro be
~:-divid~ai described in and who exec~red the foregoing instrument, and acknowledged before me that $~l@executed the same for the purposes
• . •em expressed. (~ildJ~e~Si~~----- -
w+e«~i~l+ewii . ~ra~~arat~anr~ti~ilt ;
w~~Ya~..t~r~.?ii~ro.icwar~aia.awt~~YJw~~~rr..si~d.i~~+r~~l~rar+~ia~tgnd.aar~d.t~for~~.i4~i.at~~aerr~l~tiiairLio~irrwi{iAOiy.i~.~IG~{ua ;
.rr~rr~r.r~L~r+~~wq~~r~rrt~i~~owr+rr~.~rl~e~e,i/r~~ ~~~L~rlr~ir.wi w~::~.
~JISNESS m~ hand and ofF:c;al seal th~s_ _ 7!'ti- day or_______- May , A. D. 19 75 ~
- ~
Notary Public in and for fhe e of Florida at large ~
• My Comm~ssion expires: '
Res~m tc:
•~st fed~ra! Sav~::~s b l~an Asscc;at:on i
Of ~a•t P..,;ce. NWorY ?Yblt. SfoN of F1orldo ef lwry~ ~
Fotr P:e~c•_. F~.•:;i, N1y Cemmissien Expas Oet. 30. 197i ~ . ~
Bonded by M»dco~ f'v~ ~ Cwrolq Cw ' -
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7his Instrument Prepared By ~ill~am J. Rorbes ~ " ~
F~rst Federal Savings SR loan Associat~on ';~j:,;01 ~`~•f :
of Fort Pierce~ Florida 33450 ~ ; _ '
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