HomeMy WebLinkAbout2368 3. To plste end conGnuoutly keep on the bu~?d~~.9s now a he~eaf~er s~tuate on se+d ~snJ and a+ ali cqu~p~nrnt and persona~ly tow~ed by thi~ ma1¢
ege, with •Il premiums thrreo~ pa~d ~n full, fne insur;~r.cr in the ~s:.al s~~~do~d pot~CV to+m, in a s~m apWo.ed by tFro MORiGAGEE, •nd w~~d~rxrt~
~ns..rance in ~M usual iu~dard pot~cy Form, in • wm approved by the MORIG.AGEE, in tuch company o~ co~+p~~+ss ~s th~ MORTGACsEE may
d:rrct; and aU (ire a,:d w~nJstorm insura~ce pohc~es on any of said b~iid~~gs, any ~n~err~t the~ein or part thereof, In IFN ~~eQ~i6 Wm ~1or~said w
in excess Ihe~eof, stwtl coroain the usual s~andard mor!gagae dau~e a such o~her c:ause as the Mo~~p+gae,may ieyu:r~, makinp Ihs io~• w~de~ ~a~d po~i~ :,i ~
c~rs. each and every, payab!e to ssid 6tpRIvAGfE e• us ~~~a~ast may ap~a~, at~d each end e~ery s~ch po!:cy shali be promp~ty aisgn~d and de:~vered ~o
e~,y held by se.d AtORtGAGEE e~ 1w~her iecur~ry ~c seid mo~~gaya debt, and, noe leas than ten (101 days in ad~arxe of ihe eapiration ol each poGCy, to dr
l.~r~ ro 3a~d MORlGAGEE a renewal ~hereot, togeiher with a rete~pt for the pro.nium of sucA rrne+val; and there shall be ra ~~te or winds~orm insuranc~
p!~ced on any of sa~d buildings, any intereit therein w p~~t tharcoi, unleas in ahc ~urni arx! ~n,ith thQ Ioss paysble as aiQroiaid; and in ~he event a~y tum
of :„onry txcomes payabte unde~ such policy or poGdea said MORiGAGEE shall havs tM opt~on to reccive and apply the sa~ne oe accounl o( the indebted
r.esi securrd hereby w to permit said 1hORTGAGORS to retrive and use it a auy part tha:ro~ for o:i„•r purF.ases, v.~~hout th?~tU/ 'N3/'I117 0~ ~~nps~r-
in9 r.ny equity, lien w right under or by virtve of this mo:'gage; and in Ihe even~ sa~d MORi(~AGORS shall for any reason (ail to keep 1he u~d p~emises so • ;
:~wred, or fail to delivrr pr~nptly any of s~~d po6ues of insura~~ce to said 7~I10RiGAGLE, ot ioi! promptly 10 p~y fully any prcmium therelor a in a~y ~
~rs; ect (ait ro perform, d~scha~ye, eiecute, eff~l, cort~ptete, co:nply wi~h and abide by this cove~ae~t, w any part hereof, said MORTGAGEE may p~ate a~d y~ ;
pay Iw such insurence or any part lhereof without waiv~ng or affecting any option, iien, equi?y, or right unde~ or by virWe of this Mortgage, ~nd the ~ ~
r~.:! mnouM of each and e.e!y such payment snall be ~~nmed~ate~y due ~nd payable and :hall brar interest irom the date thereof unti! paid al the rale ol
e per centum per annum and to~at~,~~r wirh such in~er~~r sh:,ii ~P sec~red by Ihe :ien of this morlgage. £
4. To pe~mit, commit w su(fe~ no waste, impairrrient or deter:oraticn of aaid property or any part Ihereof.
5. To psy all and :ingvlar the costs, charges a~d expensos, inctuJ~~x,~ a reasonable attaney's fee and costs of abstracts of title, incurred o? pa7d at
~ny i~~r.e by aa~d MORIGAG'.F, because or in the eve~~T of thr fallu~e on ~he parf of ~f~e :a~d h\ORTGAGOR to d~ly, promptly and fuily pe~fam, d~scharge.
~.~c~ne, e}feU, complete, co~nply uv~~h and ab:de by each and every the stipvtat~om, agreements, cond~tions, and covenams of said pronissory note a~d this
~ o~~gage any w ei~her, and sa~d costs, charges and ea`~nsas, each and every, snall be ~m:ned~ately due and psyabte; whether or not thero be not~ce dss
r,r~d, attempt fo coltecl ot suit pa~~+ng; and the full ecnount of each and tvcry avch paymem iFwll bea+ ~nteresl from the date thereof uMil p~id a1 the
~~•~sa per censum Err on:wm; e~~d e:i ;aiJ :oats, cr.arges a~:i ~a~:..•~+s~s ncu~red or F~~d, toyr~i~er w~th s~ch interest, shall be setured by tFK lien of th~~
, : •tgage.
6. l'hat (a) in the event of any breach of this Vlortgage or default an tF~ ~~t of the MORTGAGOR, or ~b) in the event any of sa~d sums of money
h~•rein referrad ro be no~ pranp~ly ar.d fully pe~d .vith~~ ~haty ~30! days r.aAt a+rer ~he saroe se+era'iy lxco~ne due and payable, without demand a? norice.
~r tcj in the event cach and every the st~pu:atron;, ag~ermenes, coed~tio~~s ar.d covenanrs of sa~d promiswry note and th~s mortgege aoy O~ e~ther are not
i~ r, oron,ptly and f~~ly ;x~fonnt~d. d.acharg_•d, execur~•d. effrcrEd, canpleced. com;;t~ed wnh and at~drd by, ~hen in either w any such evenl tIK sa~d ag
ar~•~ara sum mentioned in said ;~~~~dssory nctc then rema~ning ur.pa~d, with intere;t aarued, and a11 moneys secured hereby, shall betome due and pay-
eu ~ fwthwith, or ~hereafter, at the opt;on of s.,~~ 610RIGAG~E, as iully and wmptEtely as ii ail of the said sums of money were w~g~na~~y st~pulaled
t,, pa:d on such d~y, an~thing ]n za.d pro~n,ssory note cr in th~s Mo~!gay~ re the co~~vary noiw~thstandu,g; aod ~hereupon o~ thereafter at the opt~on of
btORTGAGEE, w~~hout no~~ce or demand, su+t at law or in eauity, thereiore or tt~er~a~fer bec~un, may be prosetutct~ as if ail moneyi sesured heceby
:i marured pnw to ~~a instirvtion.
7. That in the event rha+ at the be9inn~ng of or at any t~me pe~.d~~~g aoy su~r eron this Mortgage, or to fweclose it, or b refwm it, or to enforce
-.e~t of any c=a~•ns harevnder, sa~d A10R1~oi.GEt sha'.t apply to thr Co~,~t h,.~~~g ;:.~~s~i:c~~on ~tiereof for the aopo~mmanl of a ReKeiver, such Cou?t shall
:.ith appu~nt a rece:rer of s~~d r^urtgayrd u«o-•ty al+ and siayular, ir.,i~•d n~ c,~~ ond s~~.j~ier the income, profds, issues and reve~~es from whatever
.a d~r~ved, e:.ch anu every of wh;ch, i! tK ing e.~p~ess~y un~~stood. is r:ereb~ rc~,~y.,r~rd as ~t speufically set forth and deuribed in Ihe granring and
e~•dum c:auses hereo', and such Rece~ver sh~i1 have a!1 ~he broad and eiirct+ve fu^.ct•uns ~nd powe~s in anyxne entrusted by a_Gourf to a Reteiver, and
s ~ 3rpuintme~~t shall bc rt:ade by wth Court as an ..d:~,~tt ~ equ~ty and a rra~trr cf ,=hsci~~e r~oht to sald MORiGAGEE, snd without reference to the
,;,~cy or in~drq~acy of the va:ue of thr propcrty martgeged or to the so~w:ncy c~ •~~_c~+enty of sa~d MORiGAGOR d the defendaMS, and that s?~ch
-•5 prof~:s, income, +swes and reven~es sh+i7 ae appi~ed by such Rece~ver ac.~rd:~~g tu the lien or equity of said MORiGAGEE and the practite of such
~ rt.
8. To d~'y, promp~:y and ful!y perio~m, discharge, execute, effecr, complrr~, ce• ~f.~y wSih and abide by each and every the stip~lations, agreemenls,
...d:t:om and coveaa~!s •n sa~o orc::::;~-,- _..::d this mortgage sct forth.
9. That in the ev~,! ~h-: owrersh p ef :h; ~n;;.~gaaed pre^~ises, or any(\part~ltnercof, becomes vested in a person other ihan the MORTGAGOR, the
.`?T ~AGEE, i+s s::ccessors ar.d as_.:~ns rnay. .4: I.o~~~ n~T.ce to the ;',ORIJHyl2. Y.•;: wrh such succe>sor or successor in iroerest wnh reference to thia
-~~:~age ar.d ti,e ds•bt hc~,r~y secu~ed ~n tFe sar*:~ r~:.;~~„~r as w~th hRor!3agor w:thovt in a~y way vit~ating or dixharging the IAcrtgagors' liability hert
_.~r or upon th~ d,-o~ hereo~ scrxed. ko s3'~ of ~he Fre.,~s~~s h~~reDy rnortgaged ar.d no forbearance on the part of the MORTGAGEE w its successors
ass~gns ar.d no eaTens:oo o~ the t,me fcr :he ;_a~ment of rt~e drbt he~et:y secured g~~en by ti~e MORTGAGEE or its sutcessors w auigns, a~'wll operate
~ ease, d~scharge, mc•c~~fy c~:anc~e or affeu t<<e c:~g,nai tiau.i~t~ o't the R~GRiGAGOR he~eirt, either in whole or in part.
10. It is :pec~f'v_alty aa~eed rhat t~:ne ~s of rhe esser.ce of ~}us conuacr and that no vraiver of any obi~gatlon hereuoder or of the obligatan te-
c.•e~ hareby shaG at any time rh.reaiter be heid to bc• a via~ver ef the !erms ~ereof or of Ihe instrument secwed herby.
1 i in add~r.ca to ~h~ F~;n3pl~q monrhly p,y~r_•nss of p•ir.c'~.al and i•,erres~ requ~red 6y the prom?ssory note secured hereby, mortgagor tovenaNs
=g~ces to ~ay to r-~rtg~g•=e K~m eacn rr.onrh'y ~;.ir~ enf an ~dd.~;onal s.,^~ ~~s•~-.a~cd b,r mortgagee to be equal to 1; 12 oi arenual cost of the fol:ow-
A-A~I r~ar prop~~ty tares lev~ed o- assess,•:3 ,.y ~:st ehc a: o,re de>cn;ed real es~ate.
g--Fr. ~~s o,: f:.~ ,n~ viir.dito: m ir.s•,• ce as n, *e;n r•:~q_. red ~o br ce~r~. d c-+ :h~ ~rc,rrovaments s~tuate on tFie above described premises.
f C-Pre~-.;~~.,,s o~ ~.:n morr~age guarsct,; ~r.s~•a, _e as mo•ryage? sha;l fr=*. ro t;me deem f~t fo carry on the bao secured hereby ~
i ,
j Mortgagce s~a'.~ t-em •~.r,e ~o r:~,e nc~:+~ r..crr~age. ~n v.•SV:ng of the r,-*o_~t due and payable hereundrr and such sum sha11 thereupon be due and p
~ ;b'e on th~ dvr da+e cf rre r,c~~t ~r.onth:; pay~.~~•-u a~,d e.ct~ s::cr~sswe To^!h tF..xeafr^r uctii mertg~gee shall notify mortgagor of a change in siich '
j -~cr:?. Svch soms sNa.i be app`.~ed by mcttgag2e to:.a-d the payment of fE3I pronerty ta:es, insurance prem,ums, and mortgage guaranty insurance
~ , .•,~;s
j I~d 4YITNE55 WNEREGf, si,e sa~d tJ,ORTG<.GOR has hereu~~to set his ha~,d a~d seal the day and y ar ~ af i n
S 5' ned, Sealed aryd live ed in the presencc Df: /
~ - l ~ ~ Sean
~ ~
cs~n
- ~seaq
:":;iE OF FLORIOA ~
_':TY OF _ SL_ Ll1Cle---- ' S5.
Before me personaiiy appeared _LIO~/CI TaylOZ _ a~
_ _ C lot i lde F. Taylor his wife, to me well known and known to me to be
:~,dividuais descr~b<d in and who executed the foregang _instrument, and acknowted9ed t~efore me that they executed the same fw the purposes
~_•e:n expressed. And the said ClOt l~de F. Taylor
5
of the sa~d _-L1Qyd TaVlot _ _ vpor, a xparate and priwte
~ r.at~on by me faken s>parate and apart (rom her said husband, acknowledged ro and before me thal she executed said instrument freely and vaum '
a..d w thovr any computsron, co~srra+nt, appreh/~~ns~~o~n,,~r fear of or from her said husband. t
~ ~YITNESS my hand and oifiual seal thEs___ ~IL day of Ma ~ A. D. L9 75
Notary ?ublic in and fo? the State Florida larpe
Mv Commisaion exDi?as:
~ Return To: ~jLIO~~Q ^ ,/I~ A /)`j ~
~ risl.t4 C7`t 14 ~C ~ /
r:rst Federal Sa~ings S Loan Assuciat~on
~ Of Fort P.c:ee. ' .
Fort Pie::e. F~o•~da f~L~~i =Mt ~'C~~DED ~
ST. LUC+~ ;.~UMTY flA.
~ ~t qN` ^ :T ~OURT . • 51/~~`,~ .
~ ?cCr+a;, , • ' ~ ` . • -
This Instrument Prepared By John W. Coll' ~ _ Q';',', ~
~ First Federal Savings & Loan Association Mar~ 9 ~M = t ~ ~ '
~ of Fort Pierce ~ F loZ ida
~ Checked By ~ A UB L 1 C~:
_ O k . . . . ~~~1~..-,~~, r' ~ '
~ BooK239 PAGE2362 = -
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