HomeMy WebLinkAbout1344 ~
~
,
3. To pl~c~ ~nd continuously Iceep on ths bu~:d~nqs now w hs~eaftM u~u~h o~ said Iand and on all equipme~~ and ptnonally covaed by tAi~ nqr1~
ege, with all Fr~miums thtrrea? pa~d ~0 1ut1, lire insu~ance m ttw usial itar:derd poiicy form, in • sum approved by Ihe MORtGAGEE, and wie~~wm
~nsv~iM~ in tM ~sw) ttanda•d pol:cy fam, in • sum approvtd by tM MORiGAGEE, in wth compMy w tompanip N tM MORTGAGEE may
d~recr, ~nd ~II (ir~ and w~ndstarm inwronce pOlKirt on ~ny of sa~d bui~d~nqs, ~ny intere~~ thereie or pan ~her~ol, in tM aflqre9eq sum afortsaid o~
in eac~s~ Iher~of, !~hall conqin tM ~sual aandard ma~gage~ d~us~ w:uch orher dau?s ~t tM Mortya~e~ rrNy requ~r~. malirg tM 1os~ u~ iaid pdF
dr~, each and avery, payablo to sa~d AtORTGAGEE ~s ~n imerest me~r appeu, and each and eve~y such policy shap be promp~ty atsQned +~d detiv~~ed ~o •
en~ Meld by iaid MORiGAGEE (uriher secur~~y to stid mor~9agt debt, and, not tess ~han fen i~0i d~~rs in advancs oi the ~xpiration of each polity, to d~ ,
I~Yer to uid dNORTGAGEE a rerxwal ehereof, logether w~t~ a receipt fp? ~?~e premium o( such reoewal; end thers shall be no fire a windsto~m in:ur~nt~
plsced on ~ny of aid build~rys, any inter~sl thtre~n or part Ihe~eof, unleu in the lorm and with Ihe loss payabk as ~(wes+id; ~nd in the event any wm ,
of nwn~y becpmsa peyabfe und~r such policy or polrcies wid MORTGAGEE shall have ~M option ro reteive and apply IM ssme on stcou~t of tht indsbted
n~ss secur~d heteby or to pecmil sa~d MORTGAGpRS lo reteive and use it a any part the~eof for othe~ purpo~ei, wifhout ~h4rri~~ waivi~~g or ~mpair- 4
~ng any pu~ty, lie~ a right under or by virtue of thii mo:fysse; and in the event sa~d MORTGAGORS sAall fw any rsaw~ fail Io keep the said pr~mises w
+nsured, or fail to deliver ~uanptly any af said polic;et of insurante ta said MORTGAGEE, w fail promptly to pay fully any premium therefw p in any ~
renped iail ro pei(orm, discharge, eaecute, e((ect, comptete, comply with and ~b7de by ~h~s covenant, or any part hareof, said MORTGAGEE may place a~d i/` '
pay (a wch im~rance w any part th~reof w~rhout waiving w affac!ing any op~:on, I~en, equ~ty, or ~~gh~ unda a by virtue of this Mwtga9e, and ttn i
t.,ll amount of each and every such payment shall be im.ned~ately due a~d payable and ihafl baa? iroe?e~t from ths date Ihereof wuil paid a~ the rat~ of ~
,vne par centum per annum and to3rther wi~h such interest shaii be srcwed by Ihe fien of thi~ mortgage. ~
1. To permit, commi( or suFfer no waste, im;,a~rment a deterioration of u~d properry ot any part thereof.
5. To pay all ~nd singula~ the costs, charges snd expsnses, indud~ng a reasonable atrwney's tee and cosfs of abstracts of ti~k, inc~rred a paid af ~
any time by said MORIGAG:E, because w in the event of U,e fadure on t6e part of the said MORTGAGOR to duly, promptly ~nd fidly po~iorm, d~xl+ugl, t
~xrcute, efiect, complete, comply w~rh and ab:de by each and eve?y ~he ati~x,lat~ons, agreamea?a, cond~tions, and covenanb of said promisswy note +nd tf~w
:norrgage any w eieher, snd sa~d cosn, cha~ges and expenses, each and avery, shaU Le ~m~ncd~a~ely due and payable; whc~her w no1 tFare be notice de~ ~
man~, attm~pt to coikct or ~uit pe~xl~ng; and the full a~noum of each and every such payment ahall bear interost from tFr date thereof uroil paid ~t the
r.•+• of ninr per crntum pcr annum; an~ aU seid costs, charges and ea~xnses incurred w paid, together w~~h such interest, sF?all be setured by the lien of this
mortgage. ~
6. Thai (a) i~ the event of any breach of this Mwtgage w default on ~he pa.t of the MORTGAGOR, w(b) in ths event any of satd wms of naney ~ ?
~,erein referred to be not prompsly and fully pa+d w~thin thuty (30) days next atter the same severally becane due snd payable, wittaut demand o~ notice,
or (c) in the event eath and every the stipuiations, agree~nents, condifions and covenants of sa=d prom:uo~y nole arxl this matya9e a~y a e~ther ar~ ~ol
t~,!y, promptly and iulty pe~formed, d,scharged, e~ecuted, effected, canpieted, comp:;ed w~th and ab~ded 5y, then in either p any such event the said a¢
g~e~ate sum menrioned in said promissory note then remaining unpaid, with interest acuved, aod all moneys secured hereby, shall become due ard p~y~
en e forlhwith, or thereafter, at the oprion of said MORTGAGEE, as ful~y and comp:e~ety as if a!1 of the said sums of money were onginslly s~ipulated
i~ he pa~d on such day, anything in sa.d prorn:ssory ~wte or in this hlortgage to ~he conuary notvvithstanding; and thereupon o~ thereafter at the option oi
s> d MORTGAGEE, wifhout nohce or demand, suit at law or in equily, theretorc o+ therealrer begun, may be prosecuted_ as if all moneys secured hereby ~
n_d matu~ld pt~M to i!s institutiOn.
7. That in the evenf that at thr beginn:ng of or st any t~me pending any su~t ~pon th~s Mortgage, w to fuetlose if, o? to refam it, or to enferce
.~-.ent oi any c!aims hereunder, uid MORTGAGEE shali oppty to the Cou:t ha~~ng ~~risd~ction ~hereof tor the appoi~tmtnt Of a Receiver, such Co~rt shall
i~~wrth appoint a receiver of sa:d mortgaged pro~~•:ty ati ar.d singv;ar, ir.civd.ng a~t and s~ngu~ar the income, profits, issues and rcve~ues from whatever
s- :•ce derived, each and every ol wn:ch, rt bei:ig exNress'y understood, is hereby mwtgaged as if speu(ically ut forth and deiuibed i~ the y~anting and
t j_endum dauses hereof, and such Receiver shaG ha+e al! ~he brcad and effective func:~ons arx! powers in anywise entruated by ~ Court to a Receiver, and
s. ch appointmeM sha:t be made by wch Co~rt as an adnutted eq~ity and a mattrr of absolute right to said MORTGAGfE, and withoul referente to the
a<t-~,avscy er inadeqvacy of the valve of t:~e pror~erry mortgaged or to the so'.vency or insolver.ty of said MORTGAGOR or the defendants, and that such
, ~.rs, p~ofirs, income, iswes and revrnues ahaii ne ap~tird by such Receive~ accord~ng to the lien or equity of said NIORTGACaEE snd the practice of auch
Ccurt.
8. To du!y, prompNy and fully perform, discharge, execute, effed, complele, comply wi!h and abide by each and evety the slipulations, agreements,
-d~tiona and covenann ~n sa~d promissory nore and this mortgage set fath. - ~
9. That ~n the eve~t the ownersh;p of the mortqaged pren,ises, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the ~
;^R?GAGEE, ~ts s~ccessors a~:d ass;gnf, may, w~thour rtatice to the A10RTGAOR, deal wdh such sutcessor or successor in interest with reterente to this
~'y~ye and the d_ot ~creby secvred in the same mdnn~~ as wiih Mortgagor wJhaW in any way vitiating or d~schargtng the Mortgagors' liability ffert
;er or upon the d•rbt he~e~y se<ured. No safe of the Fremeses hereby mortgeged ard no forbearance on the pan of the MORTGAGEE a its auccessors
_:+ss~~ns ar~d no ea~ers~on of the umr io. the paym.ent of ~he dent hereby secured given by the MORTGAGEE or its succeuws or assigns, ~lu~l operate
_ e~ease, d~scharge, mod~fy char.ge or affect the origmal IiaoJity of the MORIGAGOR herein, either in whole or in parl.
tU. It is sperficaily ;greed rhat time is of the e:sence of this cont.act and that no waive? of any obiigation hereunder w of the obligstion se- ;
c~•ed hareby ahaU at any time thereefter be he'd to be a waiver oF thr terms hereof or of the in3trumeM secured herby. ~
{
I1. tn aJ:l~::o~ ro the forego ng mon:hly };aym~~rs of prir:c pal and i,~terest requ:red by the pror.~issory note setured heteby, mortgagor tovenaMS ~
~ a3~ees to adY ~O R70't'~3C~~:f +.~~h each :ncnth:y pa f~.:ent an add.~~onal sum est~~~ar~f by mortgagee to be eq~al to 1;' 12 of the annual cost of the foilow-
A--AiI real property taxrs !evie~ or assessed ayainst Ihe aoove deu•ibed real esta!e. ~
6-Pr~rc:ums on fire and wir.dstorm ~~su~arcr a> nere~n r._~qu;red to be csrri_d on th~ improvements situate oo the above dascribed premises.
C--P~emiv:r•s on such morrg,ge guaranty ir.surar.ce as r~;~rtgagee shall fro.m. t:me to time deem fit to carry on the loa~ secured hereby.
htio~rg~gee sho f drom time to <<:r:e r.o~~(y mortg~gor m wr;t~~g of the amo~nt d~e and payable Fx~eundrr and such surn shall thereupoa be due and s
..~ble on the due date of the nex? mont!~:y payment and 8ath successive month thereaftcr ur.til mortgagee shal) nolify mortgagor of a change in such
~ -avnt. Such sums sRa:l be app:ied by mortgag^e tovvard 1Fw payment of real property tazes, insurante prem:ums, a~x! mortgage guaranty insurante
_ . r~mS.
~ IN \VtTPJESS ~VHEREOf, the sa~d MORTGAGOR as hereu~to set his hand and seat the day and year first aior ~
i g , Seated d r the prestnc f: -
j _ _ } s~: ~~-:?~FU. ' n
i ~ i7.~t.li~%-. ~r`~~AS er M. Le mi '
4 - - af~'=" CO'JRT ~ n
e •.f. _ :J•i n
i - t E" t. ~ en a . ea '
~ ~ nL~.'-. ~
_ se.n
~ Q
S :':,iE OF ftORIDA , ys~ ~l, 27~~'~~ 'L~~~ 1
~
~ ~ ")JtiTY OF ` SL . I,l]C 1@
Befwe me personally appeared Peter 1~1. Leaming ~
~
Brenda E. Leamina his wife, to me well known and know~ to me to b~
~ ~ ~~dividuals described in arxl who executed the foregoing instrument, and acknowledged befwe me thal they executed the same for the purposes
Leamin
~ ~:•ein exp~essed. And the :a;~+ Brenda E. C~ !
~ of the said Peter A1. Leaming opcn a sepsrate and privats ~
~
~ r.srion by me taken separate and apart from her sa]d husband, acknowledged to and before me that she executed said instrument freely ~nd volvo- ~
~ ~ and w~thout ~ny compu+sion, constraim, apprehens+on, or fear of w from her said husba~d.
~ WITNE55 my hand and offic;al seal this__ 12th day of May A. D. 19 7S
~ Motary Public in the Stste of Florida ef Large
z My Commiuion xpi es:
£ Return Ta. ?dplory publ;c, State of F1cri3a at Larg~
= =:rst Federal Savingt 6 Loan Associat:on Mr Gommizsia~ E:.~~:r.s ?v:v <2, 1477
; ~f Fort P~erce. Opndcd br /lmericon f:rt lL Casu;.ltr C~~
; fort P~erce, flor~da
g
~ _
9 ~
~S ?'~:~\Il1R~I~,/. • j:
• ~ ~1~~ " ^
~ This Instrument Prepared By Gary F. Ellwood •`•..~•.,r
~ First Federal Savings 8 Loan Association ~ ~~-;:~.ti .
of Fort Pierce, Florida - tJ ~
~ aMK GJ9 PAGf 1342 ~ = . ~ .i ' • " ~ ~ 2 -
~ Checked By ~ ~ ~ :
C .sif:;
• A , .
~ ~ Ci:y~~.~.va}~~e.'f`~~
~ y~'r~'y : ~
t.s j ~ , s
~ y.. --~~<< t~
~ . , _ -
j ,,,~~/~IiN1t"i~.,'' :
~ - ~ " - - - - - - " - . _ _ . _ . _ ~ / .N4 .
--r~._ - . _ - . ~ ~k~~
.w ~ . _ ~ s . . _ ~ _ ~