HomeMy WebLinkAbout0310 3. To plac~ and continvously kcep on the bui:d~ngs now a harrafte~ ~ituete on said land and on all cquipment ~nd perto~ally tovered by this morlg~
ege, with all premiums Ihrrton pa~d i~ full, fire i~svr~nce ~n the vsual s~aidard po~icy form, in e sum appoved by Ihe MOR(GAGEE, and w~ndstorm
iniutAnC! +n ths usual stanJard po:~cy form, in • sum approved by ~M MORTGAGEE, in tuch company o~ con+panief u tM MORTGAGEE may
d;rett; snd a0 (irs snd w~ndatorm insurance poGues on eny of said bu~ld~~ys, ~ny intereat ~herein or piil Ihercof, in Ihe agqregate sum ata~said w
~n excets thrreo(, sF~all cw+tai~ tMe utiual standard matg .gee ctause a such o~he~ c'aus~ as th~ Mdtq~ge~ may requa~, mdin~ ~hs 1ou under tad po~E
c~rs, eath and every, payaole to u~d MJRTGAGEE as its in~rrst may appear, and each ar:d ~very such po~~cy ihall 6e promp~ly su gned and delivercd ~o
eny held by said MORfGAGEE as tur~he~ security lo saiJ mortgage debt, and, not leu iF.an ten (101 dayt ia advanca of the expirit~on of each pol~cy, ~o d~- ~
I.~er to taid MORTGAGEE a renewal thereol, logether wirh a reca~p~ lor ~he pre~,ium of such ~enewal; and the~e :hal1 bs m fire o. windn~orm insuranc~
placcd on ~ny oi said buildings, ~ny intcre?t the~e~n o~ pa~t thrreoi, unieu in ~he form a~d with the lou payable as aforesaid; and in the event ~ny sum i
of mon~y becomes payab~e ~nder such policy or poGcias said MORTGAGEE shall he~e Ihe oytion ro receiva and apply 1M same oe atcount o( the indebted- ~
neis secured hereby a to perm~t sa~d MORTGAGORS to recrivz aod use it w any ~>a.t rhe:eof for e~~rr purNOSes, r.~tho~t th~~~i,~ ~va~~~ng o. ~+npa~~-
ing any equity, lien or right under or by virtue of this morsgage; and in the evenl sa~d MORTGAGORS shall (or any reason fail to kaep the said premisri w
~nsvred, or fail to deliver promptly any of said pol~cies of insura~~ce to said MORTGAGEE, or faii promptty to pay fully a~y p~e~nium Ihe~efor a in any '
re~pect (ail to pertorm, d~scha~ge, execute, effed, co~npiete, co:nply w~~h and ab~do by ~h~s covena~f, w any part hereof, said MORTGAGEE may place a~~d
pay (or such insurance or aoy pa~f thereof wnhout waiving or afiecting any op~+on, lien, ~qu~~y, or r~gh~ u~~de~ o~ by virtue of thii Mor~yage, and the
!~II amoum of eath and every such payment shap be immed~etely d~e arxl peyabic and shall bear intcrest frwn the date Ihereo) ~n1i) paid at the rate ol
~e per crnrum per annua~ and togrther a•ith such mtar~st sfi3~i ur srwred by the lien o( this rnortgage.
To permiL commit or su(ter no waste, impairment or deteriarot~on oF sald praperty or any part theteof.
5. To pay all and sirgula~ the.costs, charges and expensrs, ;ndud~ng a reasonabte a»wney's fee a~d cosrt of sbstractt of titls, inturred w pa7d at
r~y !i+r.e by sa~d MOR1GAGfE, because cr in the event of thn fa ~ure an tne part of the said MORfGAGOR to duly, promptly and f~lly perfwm, d~xhargs,
e=ecute, effect, comp!ete, comp:y w~th ar~d ab:de by aach and every the s+ipulat~ons, agreemenrs, condition~, and covenants o( said promissory note snd this
o•~ga~e any or eifher, and sa:d costs, charges and expenses, each and every, sha~t be imrned~ately due and payable; whether or not there be ~ofKe da
~~and, attempt to toliect or suil pendmg; mid the fu!! amount oi each and every wch payment thall besr imerest from Ihe date thereof un!il p~id ~1 the ~
r~ of n;ne per centum ~:~r a~~n.,:~r an~ all seid ccsis, c~~rges and e,epr~~aes ~rxurred or paid, toyether w~th such imuest, shall be secured by the lien of thi~ ~
ma rgage.
6. That (a) in the event of any breach of ~his Morrgage or defa~it on tle part ef the MORTGAGOR, a(b) in the evem any of sald sums of money
herein refened to be not pranptly and futly paid vvirhin thvty (3U; days next aite~ ~he same srvera:ly become dve and payabfe, wilhout demand or notice,
: r(-) in thr event each and every the s~iputations, agreements, condit+or.s and covenams of sa.d promissqry note and th~s mortyage any p either aro not
i.'~, promptly and luliy pe~iormed, d,scfiarged. e.,rcutrd, effected, comp'ered, compi~ed v+~fh and aL•idrd `ay, then in either w eny such event the said ag ;
y~•: ~arr s~m mennoned in sa~d promissory rrote then remaining unpa~d, wlth ~ntr~e;t acuz•ed, and atl moneys secured he~eby, shall become due and pay- p
e forthwith, or the~eafier, at the opt~an oi sa~d htOR7GAGEE, as fu~cy and ci.~nN:etCly as if al~ of the said sums of money were aginally it~pulated
rc h^ oa:d on such d.:y, anythirA in sa d prc~n~ssory note er in thi3 h:ortgaye to the co~trary notwithstandirg; and thereupon w thereafter at the option of ,
s, !~;ORTGAGEE, without noi~ce o. de~nand, sui~ at iaw or in eq~~ty, tfirreiore or therrai~er begun, may be presecuted as if all moneys secured hereby
~_d maWred pnor to ~ts institut~on.
7. That in the e~ent ~haf at the xginn~ng o( or at any ~:~ne pend~«g eny w~t ~Fon rhis Mo*tgage, w to foreclose it, or fo refwm it, or to enfores ~
,:~,~nent of any C?aims here~nder, Soi~ M.ORTGAGc~ sha:i aNy;y to tno Co;.ri t~a., :q ~u~~sd.c+~on thereot for fhe appomtment of a Receiver, suth Court ~hall
i, ~:F..virh aFpoin! a~eceirer ot said martgayed proF-~rt~ a:~ and air.g~:ar, indu~.•:y a~i a~:d sin~~iar the intome, prolils, iuues ~nd tevenues (rom whatevet
rcr derived, ea:h a~d every of wh~ch, it ?xing ~rpress'y vnde~s~:,cvi. ~s t-ereby r.~o~•g~g_-d as if specificaily set forth and destribed in 1he SraMing and
1~~.endum c!auses herrof, and such Rece~~er shali have alt the brood and effec~.ve T:r`Ct.L!15 and powers in anywise entrusted by a Cou?t fo a Reteiver, artd
s:h appoin:ment shaii be made by s~cA Co~rt es an admin~d eq„ity and a mar~er o{ absoiute r~ght to said MORTGAGEE, ~nd without reference to the
_.'_q,;scy or ~nadequacy of the value of the property mortgoged a te ~he s~.~•~~~c, or ~n;o~vency of sa~d MORiGAGOR or the d2fendants, and that su.h
-,~s profits, income, iuues and revenues shail be app~~ed by such Recc~~e+ e~c::~c.~:~ to the lien w equity of said MORTGAGEE nnd ttie practice of such
Co ~rt.
8. To du!y, promp?iy and fully p¢rform, discharge, ~:cecute, effect, comp~rie, c.,:rNiy w•ith and abide by eath and evety the stipulatioos, agreemeots,
,olticns and covenaNS in s-~~d promissory nore and this mortgaye set for~h.
9. TF.at in the event the ownersh;p of the mcrtgaged pre•n:ses. or any part ~hereof, 6ecomes vtsted in a pe?son other than the MORTGAGOR, the
._:~G:+'vFE, its success~rs and ass~~ns. may, w~~hout not~te to +he N.JRiG4J~, d_a~ f:~~h wch successw or successor in interest with reterence ~o this
~•~3y^ a~~d tFe deGt hereoy sr~urEd in rhe aame nia~~ner as .v+sh rAurtgago. vi~thou+ in any way vit~ating o~ d~stharging Ihe Mortgagors' liability here-
~ or ~~.on the d_b: hereb; sec~red. ho s,:e oi she Fre~n~s~s h:.t•b; r.ortg~ged ar.d no forbearance on the part of the MORIGAGEE w its successws
ss gns ard nu eare~s:oo o~ the ~~~~e fo~ the pay~nent of ~he debt h,~.~~6r :_cured glvun by the rdORTGAGEE or its successors or au~gns, a~uU operate
ease, d,scherge, mod~fy ~hange or affQ,t ci~e criy~nal ;;ab, t, o'. n~e tl.ORTGAGOR herein, e~ther in whole or in part.
10. h 3s spcufi:..:~y agreed rhat t~~r.~• is of the es~e^cr cf th,s co•~~ract and that no waiver of any obtigarion herevnder w of the obligaYwn se-
r_d hrreby sna'~ at any time there84ter be he:d ro be a v.a~.er o( she !ern,s '~ereof or oF the instrument secured herby.
! 1. In .;dc1 t;c, •o thc for<~c nq ••,o•~~'~'~ p~yrn,.~ts of aa+ and in*;-res! reqvi:ed hy the prom;ssory no!e sew+ed hereby, mortgagor tcvenanfs
..g~^es to ,:ay to r^.ertg~yee v~rth each ,ronrh ~ pa~~ ent an add :..c~l sv~~ _st~ ~:,red 'oy rnortgagee ta be equal to 1J12 of the annua! tost of the foilow-
~
A-AP rc~al properr~ iaxas ~e i~ed or assesseci aga~ -s+ :f:•_ .j~ o~e d_;crr cd r,aE es:ate. ~
E-Frrr:,,ms cn fire ar.d wdr,dsto:m mwracce as ner~~:n r,•qw.cd to be carr.eJ en !he improvemeats sit~ate on the above described ptemises.
, C-Prem~.,;rns o~ >vch mxtg;ge guar~r~ty irsvia~.ce as r-~o~tqaye~ shall frG-r. rme ro :~me deem fit to carry o~ ihe (oan setured hereby. ~
! tilortgagee s+~,;~~ ~•om r~~r.e to ~:^~c ncr.ti rttp•tyagx kn vintir.g o~ the a+~:o~~t due ar.d payab~e F~ereundrr and such surn shall thereupon be due and 3
on the due cia~? ei ~~e »~,ct mor~rh!y paymer.t a~~d each successwe ~no•~th tlre;eaffer urtil morigagee sha11 notify mortgagor of a change in such j
{ Such av+ns shail be a{:p:~ed by mortgagee ~oward the paymenr of rcal propeny taxes, insurance prem:ums, a~id mortgage guaranTy insurance
€ _ . ,.,^~•s. . i
j IN \VITPiE55 '~'.'HEREOF. ;he sa~d MORiGAGC;R has hereurto set his hand and seal the day and yesr first aforesaid.
f
; igned, Sealed and de!ivered "n the preserue of:
F /~LL~ ~~If' ~Es+p1i~E0 - .
fT,t,i1C:t .GUMTr FLA. - i i m . enr s~:n
~ - A0~[f ~p;~~~3
' - ~Cf,faK r~1~:. ui3 COURT ~ •n
¢ ~ ' Rt!;~~~ yfR ~ g ena . eI1 (5"~
- 4 0o PH'~5 ;
OF FLORIDA 31.3425 7
Lucie ~
~ " : ;'.TY OF _-St . - .
William K. Henry , i ~
Before me perso~aiiy appeared ~ s'~`' 'r~'+~~
Helena D. Henry ~
his wife, to me well tAOV~r~.t^~ ~nown ~O.mE)d!h
r_:ndividua~s descri6cd in and who executed the foregoing instrument, and acknowiedged before me that they e;etlitdd.~tie d7iFn! ~of~t~i~i'QtlFpotes
i~ e~n e:pressed. And the saSd 1~elena Henry ~
~f fh~ sa~d Wil liam K. Henry r xw?.~~•~d:Pirv.i,.. ~
~ na!~on t~y me taken separete and apart from her sa9d husband, acknowledged to and before me that she exKyted 3~id~ir}sbt~m6oi ir~e~f ari~ volJn-
; ar,d w~thout any compuision, constraint, apprehension, or fear of or from ner said husband. ; 0'- y~~ !V : :
~ ~
:VIiNE55 my hand and ofFiciaf seal th~s__.??na day of Jul ' ~A..~ji~qy~_
, ` + _
~
Notary Public in and for the S ate o~~Elor' a rye
a
My ~ommission expires: , t
a Rerurn To: ~ ~ ~ ~ ~ 9 ~ y
~ ::rst Federal Savings ~ loan Assxiat:on E
~ Of Fort V erce. ~
~ fert Pierce, flcrda j
~ ~
~ ~
~ ,
~ J. Hal Roberts, Jr.
This Instrument Prepared By
~ First Federal Savings & Loan !~?ssociation
~ of Fort Pierce ~ Florida 33450 q .
~ ~flO~cG~ PAGf
~ Checked By
~
~
~ -
~ c sw
~ - - - - - - .
G"~ ~ ~ ~ ~ " ~ a
" ~ - -
_ " -
. . . . . . ~ _ .