HomeMy WebLinkAbout2445 3. To plece and continuous~y keep on ti~e bu~iJ~~~c~s now a her.aher snueie on se~d ~and and on all ~quiynxN and personally coverr~l by this mo+t~
age, w~th all premiums thereon F>a~d +n fu!1, f~ee insuiance in tne ~tv~~ sfsndard ~,o'~cy 1o~m, in a swo ~Naro,rd b~ the MOR~G:aGfE, and w~~d~rorm
~~s~.~rance in ~he usual s~andard po~~cy iwm, ~n a sum approvrd by the MUkiGAGEE, s~ch coa~yany o? companiea a~ ~M AlURTGAGEE m~y
dued; and a?1 lire and w~nds~o~m ins~~anca poiK~ra on a~~y of saiJ b~~~d~~y~s, any inte~rit thcrein or parl Ihereof, in t}x aggre9a~e tum •fwesaid w
s~ excess thercof, shall :c+~~ain the usual atanderd mor~yagee c~auae w such o~i.er cio..se as the Mortqageo may ~equu~, m~i,inp ~he ~ois ~nder sa~d po~i- ~
c~es, rach and rvery, pa~ab:e to aaid MQRICiAGEE as ~ts ~~ter~s? m~y aypeo~, and cach a~~d eve~y wch po':cy sl~ali Ix promNHy ass g~~rd a~~d de~wered +o ,
eny he:d by sa~d MORfG.4GEE as furthar ucur~ty to said mortg3ge dzbf, and, not !ess than ten (10) dats i:~ ad~ante of the eapiration o1 eack pol~cy, to de-
I;~er to said MORIGAGEE a renewal thereof, togeihrr with r recr:pt for tFe prem~~m uf s~ch renev~~~; and there shall be no i~?e or winda+oim insurance
p,aced on any of iad bu~ldm9s. any interest the~ein a psrt ~hereo(, uniaas in ~he fc~m a~~d w~fh ihe loss payable as aforesaid; and in the eveM any sum .
or money becomes payable under wch policy w paLue~ said M02iGAGEE shall ha~e iM opnon to receive and app:y the same on acco~~~ of the i~~debted-
nrsi sccured he~eby or to permi~ aa~d MORiGAGORi ~o rece~vc and uae it or any ~»rt nc~:oof ior o;+~•~r y~r! osrs. +•.~~~~~I th-•~~.~; wa~.: o~ ~~»pa~~• -
~n~ a~y equ~ty, Gen or riyht under w by virtue of this mcr:gege; and i~ the eve~i sa:d MORT('sAGORS ~hall (or any reasoo fait to kcep the sa~d pramises so
~~~s~~r~J, or tait ta da:ivzr pra~~ptly any ot sa~d pof:ies of inwranctr to said MORIGAG~E, or fo~i promptly ro pay fulty any pre~m~m therefor or in a~y
res~•ect iait to perto.m, d:sch,r<~e, exec~te. e(fec~, ca,~p~etr, coT:pfy with and ab~de by eh~s covenant, or any pan hareot, uid A~ORTGAGEE may piace and .
~a, fo~ such insur,,nce o~ any pa~t thereo( w~rhw! weivi:~g o: affecting any option, i~en. equ;t~, or ~i~M under w b/ virtue o( this Mortgage, and tht
~.'I a~~~ount of eacA and e.rry si~ch parment sho:l bc ~mmeJ~aiety due and payabte and ~tia~l txer interest from the date ther~wf u~~til poid at the rate of
r per cent~m per ar.nu•~~ a~~J to~rth:r nirh wch i,i~r~~°st sha~~ t~e s.•c~red by the l~en ol th:a mo~tgage.
d. io permit, commit or sutfer ro waste, in~pair~nent or detrr+orat~o~ o} said pru~..:rty ot eny parl thereof.
5. To pay atl and singular ttse costs, charges and expenses, ~nuudu~g a re..au~~o:,~.: oct;,.::.,': - `f "
.ey time by s~~d h10RlGAGEE, becawe er irt ~he evenl 04 th> fa:+we ort the part of tha sc.:d MORTGAGOR.to duly, promptly and fully Farform, d~scharge.
_.••wtr, etf~t, comp;rte, co~~~ply w~th and Jb.(~2 by each a~d every the stip~lat:ons, egrcements, conJ~tions, and cevenanK of sa~d prom;swry note and this
, r.r~age any or e~ther, ond aa.d cos~s, charges ar:d expenses, each and every, shail ~e immed~ately d~e and payab!e; whether or not there be notce dr
::~,~•~i, atte~npt to co~iett or su~l pr~~d.ng; ond the tull amount uf eath and every wcn paymeni snoii uea+ ~~~tcrest frw~~ :i:e d'e7~ t:-K:~v: jis'.:~. i:
• nine per ctn:u•~~ Fcr fln~~~ar, „id :,i~ s.:.d tos}s, ci~a:ges a: ci_..xp,enscs Ir~tw~c.~ or {ioid, to~ethe: ~v~tn such ~nteresl, shall be set~rcd by,the lien OI this
mo• rgage.
6. That (s) in the even~ of any breach of th~s M.ortgage or defau!e on th? part cf the MORT~',AGOR, or ;b) in the cvenf any o1 sa:d sums of mone~
hc~re~n reFetrtd lo be noi pror~~ptiy ar.d f~lly pa~d w~th~:~ th,rty (3J1 dels next a'1cr Ihr sa~zie severa!ly become due a~d payable, wit?wut demarxl o? notice.
c) in th2 evero each and every tha snpuiat~ons, agreements, cond+nons and covenaros oi sa.d p~omiswfy note and th~s mortqage any o~ either are not
~*ro<nptly and tully pe~fonned, d eci~arg..d cre:~ted. Cfiettrd, tois~~,:eted. cen+~~~ ed with and a6~drd `~y, then in eAhet o~ any Sucfi evlnl the sdid ag
i.re s:,~+ memioned ~n sa~d pio~rnssory note then rerr.ain[ng ~npa:d, w~th inter~;i .,t:r.,rd, and a!I moncy3 srtured hereby, Shatl become dve and pay-
forrhwith, o. ~he:rafrcr, at rhe ot~no~ of s.~~d r.~oRiG~GEE, as fui~y ar~ co~~:µ~~cly as i( ali of tl,e sa~d sums of money were a~gina~ty stipu~ated
• pa.~i on svck d:~, enythVng in sid prc,-•~uwy nore or in ~his Morfyag•~ ro thr co~~i•ary no!N~~hsrandh~g; aad therevpon or tnereafter af ths op~~on of
;.i 4tURTGAGEF, w~rhovt r.~t~cr o~ Jem., ,d, s~~t at law er ~n equny. thr~efe.re or rh<reafrer beg~n, may be prosec~ted as if ali moneys secured hereby
, mat~rrd pr~ot ~o ~ts inst~tvt~on.
7. iF~at in the event tha~ at tne uryinn .;c) ot or at any t~me pend:~~g ony s~~~: ~po~ this Nongaye, or to fweclose it, or to reform it, or to enforce
ent oi any c~~~ns hereunder, s.,~d '..~2T~::G~f sF.,,;; ,E~p!~ to the Court h;:~"g ;~~~.:i.c~;on ~he:cof for the appo~ntmaM of a Rece~ver, s:xh Court shall
^,~~~h , r~ oint a r=ceiver of soid ~n,~rryay:-d crv, .•tr al: a;,d s:~~3t~;ar, ir.c'~J ~i: s~~~~~r ~i e icceme, p~ofits, iu~es and revenues irom whjteve~ ~
• ~ d..'f~~rd, each and every of Nri,ch, i~ be~na ~ ti .e ss:y ~nd«rs+cai, is he.~ i y,•.: •T? ~3od as if sHec~ficaYy set forth and destribed in the graroing snd ~
dum dauses hereof, ~nd sutfi Rece~ver shail h~ve a~l thr b~oa~ ar.d eftec•:ve fu, c' c,.s and Eov.e•s ir. anyx'~se entwsted by a Cuurf to a Receiver, and 's
~pocin!me~~t sh~H be rt.ade by s~ch Court as a-. ad:~ii:ted equity and a n:at:~-r of at,~~~ute n~3t,~ to sa+d AtORTGAGEE, and without reference to the ;
j ~_•_,ty o~ ir.adequacy of ihe Vaiur of the pro~.:rty morsg>ged or to thr so~ve«c/ ~+so:.ency of sacd ~AORTGAGOR or !he defendants, and that suth
proiaes, income, iswes and relewes sha+! ba appi~ed uy such Rece:.er ac:uro:~ y to the i~en or eqvity oi said MORTGAGEE ar.d the practice of such
, r.
8. ~o du:y, prc~*:F-r!y and ful!y per?orm, d~scharge, exetute, effec:, co~nplete, cn~: Ni~ w;fh and ab:de by each and every 1Fx st~puiations, agreements,
ti• c~s and ccvenants ~n sa+d promissory note ar.d th s mortqage 1r1 fortt:.
9. ;F.at in ~he eva~t ;he o:.nersh:; of t~e mo+tgagcd ;:rr~.~~ses. or an: p+rt thcrcof. 6~conees vested in a person other than t~e MORTGAGOR, the
. =l ,q„t, t.; sv:c~ss~~s a•:d as~:ans. •~:ay, v:~'h~o! ncr~-e to ~h~ `.•OtiG:-~R, d_e+ .v::h such svccessor or svccessor in ~merest w~~h reference to this
•_~~3e a~d thc d~ i~~ f ~rcb~ s~~cv•ed the sarrte r,onr~r as wnh 1.',ort~agor w~t!x~~t in any .iv.y'ril:aling or cJiXharg;ng the tJbrtgagors' liability hete-
• or upon :he d•_at ~,•:recy s~c~.~~-d. t:c sa e ot :i e Erem~ses herety mortc~aged ar.d ng_forbearance on the part of the lAORTGAGEf or its successors
~~~s and -o ea!ens:o~ cf the t;:r~_ i~r ~ha pa ~~-:,nt of tF.e aeu! h•~•~~by sec~rrd gi+?~+ by ~he hAOPIGAGEf or its succtssws or assigns, ahall operate
_;~se, dscha:~e, r.;od~fy c~acge o~ a:'ecr t!+e o~:g~r,~,: Iwi::! r~ of ~he MC~iGAt~OR i~err+~, either in whole or in pan.
10. It is speci~c ~i:~ : gr.-ed rhat e~~ne os et tF,•~ esseecr cf ihis co ~tract a~~d +nat no wai~er of any ob'~gation hereunder or of the obligation se
•_d hareby shai: at any h~:e rh~r_-atrer be he:d to b•. a waire: of the tenr,s t~rcecf or of the instrumem secured herby.
tl. In ;:i_f •o +he ien,3c ~,7 -.en~h'v ;:.3, ~!s ef pn,c pa! ;~d ~~+c.r.:s' re:~,~.cd 'n~ ihe prom sscry nae sccured hereb~, mortgagor tovenants
,~ces to p:~y to ~•:c•!~ ___...~i, each . ~~,~h y c~;~ n.;v~ ;na~ s:, f~ : s• ,•ed G~ ~•:o-*gagee to be equal to I/ 12 of the annual cost of the follow-
A-Aif rea! prope•ty tax~s ~.rv~ed o• assess; ri o3ai~:st the aoov~ deu+~b• d re•al esi ,}e. ~
6-Qra~-. u~ ~s ca fre anJ r:~r.dsfc:~.. ;~~.s, ,:~,c-r t:z•,,~n roq,; red to b~~ car.:~d c~ the :rr.~rovemeats s~tuate on the above d_scrioed premises.
C-Premiur~s o:* such m~c!gsge guar.nt~ irs~:a~ce ez mo:tgayee sha:i fro~: s•r,e to :i~ne dcem fit to catry on tF.e loan sewred hereby.
~ M.or!gagee s~.~'i j+om c~m:, to t~ ~e nor~ty mu~rgagor ~n wr~t~ny of th: a- o;~~r ci:,e ar.d payab~e hereunder and such sum shall thereupon be due and
y
; on t4ic d~e dar~ ot ~h~ ~:ext :,cnt~ ~ F;>yme,~t and e:ch successive ~co•:•n t+,ereaftcr untii mcrtgagee shall r.o~ify mortyagor of a thange in suth
i Such sv^+z sha~ he ap,~:rcd 'ty :norrga, r~• ror:a-d the payment of real pro~~e.ty taxes, insurance prem:ums, and mortgage guaranty insurance
~ ' ~ " :~,.IT.S.
Iti 'iJ17~if5S ':.'~iEREOF. !ne sa~d :~:3R'GAGOR has here~•~to set h~s hand and scat the day year firsl atoresaid.
7
p Signe Sealed and d~ 'ver¢d in the presence o`.: C ) ~ ~
€ , • - FfiEO.°,`: -::~::~t.'ED 7L GJ Sesq '
~ ' - - - ST. L~i~ s: )ut~7r F~a ~ ~.'a-/_~- n L McCorts cseaq ~
~ RO>: . ~
S
~ _ CLE' K _ s` ~ JR7 ~a ' ~ 01 (Seaq
~ - - - Qr^r - . _ : ~ - ~ Charles R. McCorts csean
_'~iE OF FLORIDA ~~21 ~ Z 46 PM''~
~~~TY aF ~ ~QS'73'7
Before me personati/ appeared ______-__.C11~~8 A~ MCLO~'~e$ •od
~J JaeQl~?I1_~ey ~'1~OYt3 ~ his w~fe, to me well known and knawn to me to be
~ '~`~:YY.]Vd`S describc.d in ard who exec~ted the foregoing instrument, and acknowtedged before me that they eaecuted the same for the purposes
~ •~_:n expressed. And the aaid_-._-__ •JaC01]Rl t.• MCCOYtS
q o.' ~he said - C~ZeB A• MeCorts a sepsrate ~nd priwte =
~ nat~on by me raRen separate and apart frcm her sa;d husband, acknokledged to and before me 1Fat she executed said instrument freely and voluo- ~
~ y a~d w:~haut any compuls~on, conu~a~r.t, apprehens~on, or fear uf or from ner said husband.
~ WlTtJESS my hand and ofFiua~ seal th~s_ day of ~ A. D. la 75
~ •
~ ~ Notary Public in and the State f Flor' a large
My Comm~ssion expires: '
Return io: ~
~ :st Federal Sav+<<as ~ loan Azsociat~on / ~.f;y~. ~
~ Of %ort ? c,c.•. . . ~ %i t
k ~
~ Foit ~ierce, f %o+i;la , ' ` ~r ~ ~
~ . ~s~ . ~ ~i ~
~ ~ - "~~~:C i~R' ~ _
John w. Collins r Y.'
~ This Instrument Prepared By - ~ ~ ~ 4~ ~
~ First Federal Savings & Loan Association ' "s
~ of Fors Pierce , Florida 33450 . ~i =,pUC~ L l C '
~ . . • ,
~ ; ;
Checked By ~ - U ~ Frn-~..~. ~
~ ~a~;x239 ~~2438 ~
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