HomeMy WebLinkAbout1962 J. To plact ~nd con~inuousty keep on t!a bui'd~r,3s :~ow or hrreafror ~~~u.~te on ti,~d land and on ali equipmenl and pe~wn~tly co~wed by th~s mwt¢
e~e, w~~h ~II prem~ums ~hrreon pa:d m fult, fue ;nsu~a~ue m ihe ~s~a3 see:~a~J ~.a~~cr"~bim, in- ~ ium app~u~ed by ?he MOR:GAGEE, and windstorm
~nsurance i~ tM usual s~a~~dard po~~cy fwm, in a:um ap~~roved bi ~be AIURIGAvtE, in such canpany or conipanles ai Ihe MOkiGAGEE may .
d:rri~; ar.d ~II lire •nd w~ndstwm inswance pol~t~rs on sny of ts~d tw~:d~nys, any int~ras• ihere~n or part thrreof, in the sygrrgate sum aiaefaid or ,
~n eacest Iher~pi, sfia~l :ontain the uwal st~„dard morty,yre ciauie w such ojhe~ c~.wse ai the hlo,tgayre roay rrqu~ro, ma?ing the loss unde~ sa~d pol~ -
c;es, each a~xl eve~y, payablr ~a ia~d AIJRTGAGEE as es utit,rrrst mny appear, a:~d eo~h ~~~d e~rry svch po~.cy ahall br Nrorr.p~iy ass ynrd and de~~vered to
any held by sa~d MORTGAGEE as iuriher sewnty to sald mo~~ga3e drb~, ai~d, not !ess than ten (f0i deys in advance of ~~a eapualwn of each polity, to de-
~ vrr ~o said MORTGAGEE a renewal the~eof, toyerher with a recr~pt for the nrt~:~~vm of auch re~~ewa~: and thero shall be no f~re or windNOrm inturancs
p!eced on any of said b~~ild~nys, any inte~est there~n or par~ the~rof, u~:css in rhe fo~,n a~id w~~h ~he ~csa peyable as aforesafd; a~d in ~he evenl any s~m i
of money becomea peyab~e ~nder such policy u poGues sa;d MJk1GAGfE ahaN ha~e rhe opi~on w~ecr~vr and appty the same on sccovm o( the indebted~ 3
nrss secur~ hereby w to per.nit sa~d MORTGAGORS to recrira ae~d uu it o: any ~.ort ~hr.~~ol f~.r c.:n•~r pur.•esrs, w~tho~t th~nu; w~;v;:,~ ur nnpai.- •r :
~~J 3~y lqV~Iy, fcn a r~~ht under w by vir~ue oi this mo-~gage; and ~n the event :e.d MORTGAGQRS ~ba~l fw any reason fail ro keep the sa~d premise~ so ~
!,nu~ed, o~ fait to d~t~ver pranpily any of s~id pe!,c:es of insurence to sa~d 1+lORTGAGEE, or (a~t prompfly to pay (utly any pre~n~~m the~efor or in any ~ •
r-•s. ect iait to periorm, d+stherge, eaeture, effect, coniple~e, co~~ply with snd ab+de by th;s cov.na:~~, or any part hrreof, sa~d MGRTGAGEE may plate a~d
j„ for such insurance or any pan thereof w~thout v.aiving a afFecti~g any op!~on, lien, equ~ty, or Ngh~ undrr w b~ virtue ol this Mortgage, and the
f~ ~ amount of eacA and e.ery wch payn:ent ~hall be ~rn:nediare~y dve and payab!e and sf~at! 6ear ~nte~est from the date thereof w~t~l paid ai the rate ot
e pe/ centum per Lnnum ~nd tog~the~ ~nith wch ~nte~cit shau .~e w[~rtd by the iien o( th~f mOrtgayd.
1. To'permit, ca~nmit .x su(fer RJ wasle, impair:~:.•nt er drrenurat~on o1 s~:d pr~perty or any parl thereof.
S. To pay all and singuta~ the coats, charges and e~pe~ses, ~nciudi~g a reasonab!c auorney's fee and cosfs o( abstrads of tit!e, incurred or paid at
!~~r.e by said MOR(GAG~E, bec.+~se o~ ~n the event u~ the fa.;ur. on ~he pan o( the s~:d M~RTG:~GOR to du~y, prompNy and fully perform, d~stharge.
c~~e, effed, cctnNlete, co:npty w~eh a~~d ab de by ea;h and every ~ho :np~lai.er~s, agr~r.,~~~ts, condn~o~~s, and co~enanrs of sa~d pro+nissory note and th~i
, o•tgage any or e~ehei, a~~d sad costs, cherges a~~d eaEenses, cach and e~ery: shaii lN: ~~*~med~atety due and payable; whether w r.ot there be ~etice d~
,~~d, auempt to coUect or svit pend~ng; a~~d ~he ful! ~mo~r~~ ot eacfi and e~•ery avch N.+yment sh~H bea. inreresf from ihe daee thereof umil pa~d al the ,
~~~ne per crntu~n E-c~ o.~,w. s.,.d cosrs, :n~~gen and rx~a~~srs ~nt~rred e: ~a~d, toyether vv~th such interest, shall be stcured by !he Gen oi this
m,o-rgage.
6. That (a) in the evem o~ any ~ch of this Alortgage or defav~t on It~o psrt oi the MORTGAGOR, or ~bl the evenl any of sa'd sums of money
k~~rein referred ~o be not prort,pNy and fully oa~d w~rhi:, Ih~rty {3J} d~ys nex~ a~ter ~he snme severa:ty beco~ne due and payabte, witlwti:t demend w notice,
•.r c'~ in the event each and rvery ihe st~pu~a!:ons, agrermenls, tO~d~ha~s and co~enanfs of sa.d prem~sso~y notr and th~s mortgage any pr either are nol
pro~npHy anJ f,. !y perfo:med, d sc~~arg: d, eeec~trd, e~Eec~rd, co~n~~~ered. c~~np+,ed wlfh end aC+cied ~y, then in eithe~ or any such event the said ag ~
?~~~'a wm mentioned in ao:d p.~m~ssory ne!e thrn re~nain:ng ~npa~d, wlth irte~rst ~c.rurC, and a? nwneys sec~red hereby, shall become du! a+xl pay-
~ fonhw+th, or fhereafte~, at the epc:e~ ci s~.d A1!~RTGAGEE, as fuliy anri comp.~-i~•',y as i{ all of the s3id wms of rtwney were onginslly sGpulated
pa:d on su<h c!..y, anyth~ng in 531I ~tC"1iiSJf~l note cr in ~l~is R•,ertga~•a to ~h•~ co•~~rar~ notav~thstand;ng; artd thereupon or 1F~ereaher at the optioo of
~•J :'.ORlGAGEE, wifhovt cu~::a or Ae~r:a~~d. su~t at law o: in eqvity. fhereture or thereaitcr t~eyvn, may be prosewted as if all mooeys secured heteby
r •,jrured pr~or to ~ts ~~st~tut~c~.
7. That ir. the evcr:t thai ar rhe beg:nn:•:g ct or at any t~:,,e pcnd~ng an~ s~~~r o; on ~h1s Mortaage, or to iweclose it, or to reform it, or to enforte
• ~~T uf any c~eims he~eur.d^*, s,~d ~.tiORl~;,r:,_~ sha'1 a~.ply to Cou:t i,,.~ry ~~•~zd.ct~on theteof fw the appoinrmeM of a Receiver, such Cou~1 shall ;
~ •.~~~h e,•p,o~rit a rrceiver oi s:;d ~r.rtG,~_d pr , rtr aI! ~~~d .~r.3viar, in~;v:ing „ c••a s~n3u~ar tFe ircame, pro(its, issves ar.d revenues from whatever i
~ _ derlvcd, each ar.d every ot w~~ ch, r tn~~~ g••~f.~,•ss~y ~nd_•stoc~f. ~s he~•.o, ~~.c:•7 ~~_•d as if spec~fica;Iy set forth and desc~ibed in the granting and ;
t,. _:dum rauscs htreo', and s~ch Rece~rer shati h~ve ail tl+~ b~oad a~d PT1L'C~~~'f fc~ *_r ons an~' ~::en in anyw~se entrusted by a Courf to a Receiver, and ~
. ~ppoimmcnt shai~ be :r.ade hy sv:h Co~v~ as ar. ,d,nitted cy,;ity a~~d a ma!ter of at.tio;ute right ta said MORTGAGEE, and withoul reference ta the
•cy or iaadrquacy oi tfie value of fhe proHrrry mo:tgaged or fo tl:e so.ve:~cy or fn_cwenc/ of sa~d MORiGAGOR os the defendams, and that ~uch
- s. prol~ts, incomr, issvas and re:e-~ves shat: be app;~ed by such Receivar a::~r.l.~~q ~o tne Gen ot equity of se~d MORTGAGEE and the pradke of such
.~rr_
8. To dufy, promp!'y and fuUy aetfurm, ci~sch~~ge, eaec~te, effect, com~z!ere, co.::;~i~ w'nh and abide by each and every the stipulations, agreements,
~ns a~d eo+ena~,rs ~~e sa~d pror~+ssory not~ as~d thls rn,.tgaye ser forrh. ~
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9. 7F:ar i~ ahe eve-t rhe oxnership of iF.~ ~nort;~aocd premises, or a~,y p.rt thcreoi. Eecanes vested in a person otber ihan the A10RTGAGOR, tho ~
%.GF:, ~~s succ~sw.s and ase~~~r:s, .nay, w~~lw~_i ro~:ce to i!~e :f.ORTt;,:•CR, deai w~~h such successor o~ successor in interes~ vrith reference to this f
'•.~sge ard :~~e d-~t ~.er¢by sec~reO +n the sam=_ r..an~:~r as w~th Pdcrt~ngor w~th~ut in any way vit.ating or discha~ging the Moitqagots' liability here- ~
or uc:on ~t,e detr h_~,:;•i s, c;~ed ~:o sa~e oi rt~e Fre•~ ~srs t~:~~eby •nortgaqed a~.d no forbearence on t6~e part of the fdORTGAGEE or its suecessors a
.~ins a~:d n_: eaters:o~ of rhe ch~ pay,,,e-•t of t~.~ deL• ho~,•b; s^cured g~:en by the /150RTvAGEE or 6ts suctessor3 0~ assigns, ahall operate t
~ ~se, d.s.Fs~~rye, ^i~d~fy c':a~,ge or etfeU i!~e o•~g,r.,.! :iai~:i.ty of the N.GCTGAGGR f~ereln, either in whole or in part. ~
1p. It ~s spec f~c.,:y ag.~ed ~na~ t~:ne ~s of tir~ esse ~ce of tlis co~.r:act and ti,et no waiver of any ob:~gae~on hereundar or of the oblgation sr ~
.-•_d hare4y sha:~ ai ar,y t~n,e ih_reaher be he'd to be a:.e~rrr of thc !em~s herr~f or of the instru:neM secured herby-
,
! i. In j:;-i f'ee io:~:~c p.,.•. rts c` p•icc aa~ a^d ~•~r,ss requ:=ed by the promissory note secured hereby, mortgagor eovenants
~.~•res rc pa; ~o,~^c^_~;;_.. ..,eh ~.a-~, an asd.•~onaE su~~ a•ed by mortgagre to be equai to l, 12 of the annual cost cf the foRow-
A-A'~ rea! ~,~oo~.•y ta,.~s :e.r-d or ass~~ss~,d ..;~i.st th~ aFo:e drr~~,.d ~_3E e:!a!e. . .
~
E G._• -s o:~ fr. a~,~ .:,odsrc~~~. rs~_•:.;e ~s r n: r•.d ro i,•~ :a:~~•o cn ~h•~ ~~~~roveme~ts s~~~ate on the abuve described premises. ~
~ P•em~~ms o~ sa~h ~-,urr3,g= guarar:+; ~rwra: ce as1n-.a•ryagee sh3;t t m•, ro ti:ne drem fit to carry on the loan secured hereby. ~
!.torrgagre r,e :~z, ro T:-ec r~c~'i, n:c•r_;.,~;:• ~n ::r:;~:g oi sF.~ a~-.o. -:t d~.c and payable hereunder and such suo, shatl thereupon be due and ~
!~r on th~ cl,r do~-r oi it.= r~•xt •~.cn~>>,; ~.>•,n~ any e_ch svcc~ssive mo•~!h th~reafr•~r uc~il mcrigagee shall not:fy mortgagor of a change in such
! . $vch s~~ns shd:~ Le a..y:.rd i,y r.•o:t~s~.,~- to.+~~r~ !=•e payn.eni of reaf erocerty taxes, insurante prem:ums, a~id mortgage guaranty insurance
f . . .:~..s. =
1~~ \Y17r:E~5 :.NER~OF, ri~e sa~d ~1Gr;C,(i~' nas :w_re~~to se+ h~s h~r,d and srai rhe day and year first afwesaid. t
f 5rgned, Sea!ed and de~:ve~ed in the prce~nce o~: ' `
E _Eir.`- -,;nU_D ~r ~ ~ Ldv~w L(.~ ~
- - St. ll;~C . . _ M'v ~~A. ~1.~-t~.~t }~7. ~ ~ -(Seal) :
t , ~~~r „t~as ~ Marian G. M rm'ck formerl Marian p i
3 G-G~/~~lAs+e ~ r c~~ ~~iJR7 BY (Sean i
F ' ~ _ ~ $es~ i
~ - aY 3 59 ~~5 Ar ur B. aick `
~F F~oeioa M ~ ~ ?
~ - St I.uci ~Q~ ~
~~,~r oF t - e
~ Before me personai~y appeared A1tt1LlY ~C02ID~CiC a~ '
titarian Ca~ McCormi_ck, formerly Marian G~ BZtiQQQJddi1 his wife, to me well known and known to me to be
~ ~_:-~d~viduais descr~b~d in and who executed the foregoing inst~ument, and acknowledged before me that they executed the same iw the purposes
~ Marian G. McCormick formerl Marian G.
•e:n expressed. And the said________ ~ y Bruggeman
Arthur B M~Cormick
: of the said _ • upon a separate and private
~ nanon by me t3:rn separate and a~~arr frcm her said hus5and, atknowledged +o and be(ore me that she executed said instrument free~y and volun-
~ r and v. thovt any compu!s+on, cor•st~a:nr, apprehenron, or fea: of or fiom her said husband.
a
~ Ylli~fE55 my hanJ and offic;ai seal th~s. day of__, ~Y _ q_ p, ~q 75
~ ~ S
• . i
tary Public i~ and for the e of Florids at large }
~ ' My Commissio~ expires:
Re'~rn To: • / O~- 3 0- 76 i
: ;rst Federal $a+ings b Loan Assoc~at,on
Gf ~ort P-_--:~.•.
r ,
4 Fort F+rce Ftoricl3 ~ .~:~~t,~~
,
~ ± ~ ~
~ ~J ~ ~
. ' ~ •'s~ ~
n : `j1•~I~,n~'•~ ~ i
" This Instrument Prepared By Robert A. Swisher JY. = • , = ~
y First Federal Savings 8~ toan Association . v•: = ~
~ Fort Fierce ~ FloYida 33450 - ~ ~ r _ - 3
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Cnecked By 0 R . • ` ~
~ $O~K~.~ f~t6f~~~~ ` ~ ::+~,~r.~ti,~. ,
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