HomeMy WebLinkAbout1236 J. To plxe •nd tonrinuovsly keep on ihe bu~:d~~~gs now w heresftm situe~e on se~d !and a~Kl on alI eqvipment and perso.ully covered by ehis matp-
~g~, wi~h all premiumt ~hereo~ pa~d ~n fuli, fue in~uronca i~ the ~,iuel swida~a ~,ot~ty (o~m, in e f~m aNp~o.ed br ~he ~NOR~G:~GEE, ar~d w~ndstorm
~nsur~~ i~ ~M utwl s~u~cl~rd pol.cy (am, in a sum epp~oved by ~t~s MORiCsAGEE, in auch cornpa o~ compan~es as ~ht MORiGAGEE may
duecl; •nd aQ fire end wi~dstorm insuronte po~ecies on any of ~a~d 6u~ld~ngs, any interas~ Ihr~ein o~ parl therrol, io tM aygreyats wm ~foresaid or ~
in sxcess ther~of, shall con~aln the usual s~mx~ard ma~gagee c~~uu or such otl~er c~ause as tM klo~tya~ee m~y requ~r~, maAir~ ~he ~o~~ unda sa~d pol~
ues, each end every, payeb:e ?o sa~d MJRiGAGEE as i~s inrrrrst may appear, a~xi each and eve.y.svch ~~:c~ sha~l ix promyrty a»g~~d and dei~vered ~o -
eny held by t~~d MORlGAGEE u(w~hr~ security ~o said ma~flage dabt, a~~d, no~ Irss ~han ~en (IOi de~s in ad..?~ue ol ~he eapiraGon of each pol~cy, ~o dr'
i~~er ro said MORTGAGEE • renewel thereef, togeihar wiih a rece~pt for the prea+ium of auch renewal~ and rhero shall be no i~ro or wiadito~m inwranc~
p~sced on aoy of wid build~ngs, any imcreat thersi~ or part fherrof, uni~ss ~n ~!~r fo~m and with ihe 7ois payabk as atoreaaid; and in the event any sum ~
of money beiwne~ payable under wch polity w pol~cies w~d MORTGAGEE s4+a11 luv~ ~hs oplion ~o ~eceive a~d apply the sanx on acount o( the ~~drbted~ ~
r,esa sCtWNd F~Creby ~t t0 permit said ~AONTGAGORS to reteive in~ uff: if W any p~rl ti~erroi fpi osi~i~r puitoics, viAiK~uf Ih:r.i~1 ~v~ivi.~g Ot nn~~~-r"" ~
~~y any cqu~ty, ilen o~ riyht unde~ o? by virtue oi th~s mc-'~age; and in the evem sa d MORTGAGORS shafl fa any raason fail to keep the sa~d pramises w~ #
~nsur,;~, or leil to de~iver promplly any of said policies ol insurance ~o se~d MORTGAGEE, or (~~t promptly to pay (ufly any pre~ni„m the~efo? o~ in any ¢
reepec~ fail to pe~form, d~uhe~ge, exocute, efFeu, comp~ere, comply with and ablde by this covenant, w any par~ hr~eof, said MGRTGAGEE may place a~~d !
pa /~fw auch insurance or any parl fhereof w~thout weiving w alfecting any op~~on, tien, equ~ry, or rigM ur.de~ w by vhtue of ~hi~ Mortg.?fle, and the
'uU amount of each and e.ery wch payment she11 be imm~d~.-';~~ dve and payable a~:d shatt bra. rnteras~ irom the date thaeof vntd p~~d at the rate ol
~•~~:e pe? tent~m per enn~m end to~cth~-r ~ni~h svch inre~rst shali Ge secured by Ilx i:an of this mottgaye.
4.~To permil, tommit p suffer no weste, i~npairmenf q drter~orotion o( sa~d pr~;,erty w any part the.eof,
5. To pay all and singuia. ~he cos~s, cha:ges and expenses, includ~ng a re.sooable a+torney's (ee and costs ot ab~t~acts of title, i~curred or pa~d af
eny rima by said MORIGAGEE, beceuse or i~ the evcM oi the f~iiure a~ tne par~ of tf~e sa,d MpRTGaGOR ~o dvly, Fiomptly and fu:ly Fe~fonn, d~xharg~.
_,ccure, effect, comple~e, comply wuh end ab;de by ea<h and every the st~pula~~ons, ayree~•,ents, caxl~?wns, and covemn~s ol sa~d prom~swry note and th~i
,~u~rga9e eny o~ either, anJ sa:d costs, tharges and exprnses, each and eve~y, she~i be immediately due and payable; whethe~ w not thrrt 1x netice ds i
n~,nd, a7templ ta collect or suit pend~ng; and thc tull anxwN of each and every such payment shall bear int~rest irom the dats thereof votil paid a~ tht ~
o~ n~ne per cent~rn F,ir annum; a~~d all sa~d custs, cha~ges and exEx~~sea ~rxurted cr pa~d, togelher w~th s~th mrereat, ~h,~ll be sKUred by the IKn Oi thi~
mortgsga ~
b. Thal (a) in the event of a~y breach of th~s Moctqage or default on the pa~t of rhe A10RTGAGOR, o~ (b) in the event any of sa:d sums of money
I,erein referreJ to be not pra~ptly and fuuy pe~d w~rhin ~har~y i3O) da~s oeat aner ihe se~se sc~eratfy become d~e and payable, without demand p notice,
cr !c) in the event each and every ihe stipu~aho~s, agreements, cor.d~tio~s and eovenanrs of sa.d promissc,ry note and th~s mortgage any pr ti~her are not
prc+mptly and (u~ly per(ormed, dscLarged, eaecured, e{fected. tomE~teted, co=npl,ed xnh ar.d ab~Jcd 5y, then in e.ther or any such eveM fhe sa~d ag
~ate sum menuonei! in said pron:~ssory nore then rc~.~a~ni~ig unpa~d, with intere:~ au~.,cd, arxJ a:l nwneys secured hereby, shall become due and pay-
forthwith, or thereafte., at the op!~on of se~d MOR7GAGEE. as fviiy and comp~r+r:y as if atl oF the s~~d sur~s of money we~e w~ginally st~pulated
t•~• ~a:d on svch day, any~hir.g in sa.d pro•n~s:ory note c~ in thfs Mw:gagr ta the co~nrar~ notwi~hsranding; and th~eupon w thereatter s~ the opuo~ of
d :!ORTGAGEE, v~,fhaot nonce o~ dvna~.d, suit at law or in egv~ty, tnrrefo.e w tf~e~~~her beg~n, may be prosecuted as if all moneys secured Froteby
d riature4 p~~q to ~ts inst~t~tion.
7. That in the eve»t that at the begicn~~:g of or at any time {xnding any su~t upon ~his «ortgage, or fo /aKlose it, or fo reform it, o? to e~force
.-:ent of any cia~ms herevnder, se~d 6•,ilRTGAG_F she;i eF.ply to the Co~n ha?ing ~~~~ad.c~~on iher~o~ 1or the appo~ntment of a Receiver, wch Court thafl
~-rh.vith aNp;;mt a•e,e~yrr cf s3~d : o:tg,3•_d proir:ty aii a:id si~aguiar, inc~vd:ng at! ar~d s~~•yuiar u:e income, piof~b, issues and reye~ues from whatever
:.'-r de~ived, r~cn end e-ery oi .~~;,:h, t>.~„-g exp.ess;y ur~derreoci, is he:euy :~.urfgeyed as ~4 syec~f~cat,y set lorth a~d described in fhe graroing and ~
F:: ~:.dum davses Aereo!, a+~d wch Retr~ver sf+aii h~va a;l liie ora+d and rfiec!,ve func~ ar~s a~~d powers in an~w~se emrusted by a Cou+t to a Reteivtr, and ~
-.h apppinTment sholl bc made by such Covrt as ao ad~r,~~rrd rquuy and a n~aner of absol~~e nyht to said MORTGAGEE, a~+d witfwut reFe~ence to the q
°.i ~_cy or inadrquacy oi tne vaiur of the {xope~ry morlgaged or to the savency or fLSJiY~.^.Cy ol sadd MORiGAGOR a the defendants, and thal such
• ~s. proi~fs, incon~, issues and rever.~es shall be appGed by wch Rec_i„er accord:.~g ro the teen or equity oi said /dORTGAGEE and +he pracrKe of iuch
.~iJ.'I.
8. io ~~:y, promptly and fu!!y ~rform, d~scha+qe, execure, effect, ccmp:ete, c~~:~;,i~ wifh and a~ide by each and eve~y the stipulations, sgreemenri,
, -d rons and cuvenann ~n ea+d prornissor~ nQre ar.d ~h;s mo:tgage srt forth.
9. TF3t in the event rhe ov.ntrsh~p o1 thc rnortgaq~d prem~ses, or any part therec~, becomes vested in a peraon other than the MORiGAGOR, the
. R~GAGE:. ~ts successcrs and ass~gns, may, w~~hou: r~or~cP tu rhe Y.OR?v:,02. cicet o~n~h :uch successor o~ successor in interest with ~e(ue~c.e to this
'3.~~e e~'d the d~bt Fr«by securec~ i~ the same mar.ner as w~th h'._rtgagor vvnh;~! :n any way vitiating or d~stha~ging the Mortgagort' iiability hert
. or uF-o+, rhe da6f hcreb~ src.,~ed No i~:a of st~e F~e~~.~s~s h~•reby mcrtgdgrd ard no fort.e.wrance on ~he part of the MORTGAGEE p its succeuors
, _c; ~ns ar~d no e~ete~s~on of the t;m.: tor tha F:ry., _:rt of the dcbr h•:r•,by secwed g~+en by the MORTGAGEE or it= succeuws p auigns, s~wtl operate
,a;e, d,scharge, mod:fy change or affect ihe c: ~g ,.ai liablLty of ine ~hORiGAGOR herein, either in whole or in psrt.
10. it is spec:fica?'ry agreed thar nma is of the cy~ence af tF~:s co~:tract a~:d that no waive~ of any obligat~on hereu~er w of tlx obligation se- ~
-ad h~reby shali at ar.y time tharrafre+ be h~•!d to be a weiver of the terms hereo! or of the instrument secured t~erby.
1!. In tiuti t'o~ r~ the fore o„g .ro~,:h' .ts of • ~
9 l F%-~ p•~^c pa! and ~:~tz•est requ~•ed by tbe prom:ssory nore secvred hereb~. mortgagor covenanfs j
r.ees ro pay }o r:c:rq~g•~E x,~h c~cn n c~vny ;;ay~..enr an ~•±d,•;~~,a' s~_+•~ esr~.,:.ared by mwtgagee to be equal to 1/ 12 0( the ann~af cost of the foltow- #
A-AII rea~ Ewoper~~ taxes ~ev~~d or assess~d agaru+ :~c ahove d!srn!,~d real estata - •
6-Pr:~:~..u:ns on fir,~ anci .•:ir.dstr~r ~rwra~ ce ns F.r•~~in r-rq~:red to be tarr~e-d c-~ tha improvemeots situate on the above d_stribed premises.
C-Prem~u:ns on wch mort~,ge y~a•3~;t~ ~nsurar:ce es ~r.~rtgagee she~l frorr t:mc to t~me drem fit to carry on the loan ye~ured hereby.
Mortgvgee shef{ E~om t:me to tir~e no!~fy rror!~ago. ir. wrihr.g of ~he ar..ounr due and payable hereundrr and such wm shaL' thereupon be due and ~
~~::r on the dve aa!e of the neat mpnrh'~ paytr.e~~t and e~ch s~cc;essive :r.onth tnereaftcr unNNlvwrtgagee shall not~fy mortgagor of a change in such -
, .;nr. Such sums sFa~! te aNp~ied by mcrfgagc~~ to+.ard the payment of real property taxes, inwrante prem:ums, a~id mwtgage guaranty insursn[e '
. .~JTS- _
IN \'JIIPJESS Y+H:R~OF, th~ ss~d MORT:,AvCiR has he:eunto set h~s hand and tcal the day arxl yeai first afwessid.
gnedn
_Se~e~d and delivered in the przsence of: ~€~j Ah~? F: .:~D€ •
' c(/IK.G/ q~~~ : ~L~i~r i6~~ ~ ~ n
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~7~~:~ • ..r' tR~S Shi w
s a sin le ~,~?lt
6~E~K :~'T ~e~qT
wFrrg~ Vi 'F~
; MA~ I~ 1 2A PN'~~, ~s~.n
~ _ .T~ OF FLORIDA .
~ J'+TY OF St• L11C1@ ~ S5. VV I~V~
~ Befare me ~~so~au,, aP~a,~a Shirley w. WQIIB~ a single adult
~ - 1*s wik~ to me well known and known to me to be
~ _ ~r,divid~a' descr;hed in and who execure~ th~ foregoing instrument, and acknowtedged before ~ r~rshe ~x~,ted the same fw the purpoxs
~ ~ein expressed. Anwl~fi~e~s~iJ_ _
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+ l~~~i{i`i~~lV~"MP~~~~~e.rrl+~vwrHen~ei~.l~ssbend~sNRisw1ltlgRl~A~~11l~'111a~lhlE7tRAt!!!'Z7f~ .lTNf? w11llIrSRQ70h1Rr ~
! ~.rq.y~d.w~M'MY'~'~l~1'~w~~M'~pQ^!Ml~w ~A~l/f~le~fRlRPiflr!lldlf~blHd ~
WiTNESS my hand ar,d off;czal seai-ths_____~. _ day of_ - ~Y q, D. 19~~2 ~
'
F Notary Public in and for the te of Fbrida at large
' My Commission expires:
ReJom To-
=:rst iederal Savings d Loan Assoua~.on
Of fort P.err.~~
Fort P~.trce, F!c-;da N~Y ~ ~
~Ilr co.~.~~e. ~~S~.s oa. 70. i~f~
Mnd~d by Mwloon Fr• Ca~v~r Cw •
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' This Instrument Prepared By RobeYt A. Swisher, Ji. Y, j1r,f~'~,.
> ~~rst Federa~ Savings & Laan Association
of Fort Pierce , Fiorida 33450 1%c~
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