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Home My WebLink About0638 J. To pl~c~ and continvou~ty kcep on tM lwildings now o~ haraai?e~ inuste on sa~d land and on all equipneM ~nd p~rsonally cov~red by ~his mat~ p~, wi~h dl premivms thereo~ pa~d i~ iull, fire insurance in the uiual st~ndard poticy fan4 in a sum app~ovad by th~ MORTGAGEf, and wind~tai+n inw~~~n in the uswl ara~dard pol~cy lam, In ~ sum approved by the MORTGAGEf, in s~th company w companies u tM MORTGAGEE nuy di~eu; •rwl all fire •nd w~~rorm in~ure~xe poticces on •ny of ia~d b~~ld~ng~, ~ny Inferes~ the.ein or p~n thereof, M the agyreya~e wm afweiaid w In excess thereof, iMt~ contain tM usval s~andard ma~gagee claus~ or such o~ha clavis p ~M Mortgsgee m~y reqv~r~, makinp t1,~ lo~s unda sa~d poli~ titi, ~ach s~d every, payabls ~o said MORTGAGEE as iti interest m~y appear, ~nd each and every such pol;cy ~hatl be promp~ly 1~~ pned ~nd d~livered ~o ~ny he!d by uid MORTGAGEE aa (urthpr seturit~ to uid mwl9afle dcbl. ~nd, not leu ~han Ien (10) d+ys in advance of Ihe txpiration of e~ch policy, fo dr t IivN to uid MORTGAGEE a renewal the~eof, to~eths~ with a.eteipt fw the prtmium oi such re~ewai; and the~~ ~hall be rq firo or windatorm in~ura~t~ pl~tyd on ~ny o/ said bulldings, any interest IFw~ein w pa~l theraof, un:ess in ihc form and with the lou payabl~ ~t •fw~said; and in the evenl any wm i of mon~y become~ payable ~r~de~ such polity w policies sa~d MORTGAGEE shall Mve the opt~on ro recrive and appty the same on atcount of the indsbted ne6s setured Ikreby w to pe~mit said MORiGAGORS to reteiw and use it or aoy pa~t thereaf lor othcr pwposes, wi~hout the~eb/ wain~~q or ~mpair- • I~p ~~y eqvity, lien or rght unde~ or. by v'utue o~ this rtso::yay~; ~nd in tM evenl ia~d MORTGAGORS ~al~ (a, aml reawn fail to keep ths said premiies so i~sured,'a fail ro deliver promptly ~ny of ~aid policief of insurarxe to said MORTGAGEE,~ot fail prwt~ptly fo pay fuliy any premium the~etw p i~ ~ny respect (ail lo pe~fam, discharge, executs, OIfK1. complete, comply with and abide by thi~ covensnt, or any pa~t hereo}. ss:d MORiGAGEE may place and pay ta :uch ii?surance or eny part thereof without waiving w af(ectiny any option, fien, equ~ty, a ~ight vnde. a by virtue of thii Mortgage, and thc fu11 amounl of each a~d evsry such paymenl shall be immed'utely due and payable and shall bear interast lrom tM dats the~eof until paid at the rate of nine per ce~tum per annurn and to~ethrr witA such i~terest shall be src~red by 1F~e iien of lhis mortgage. 1. To permit, tommit w suffer no waste, impairment a deterioraYan of said properry w aMr part thereof. S. To pay all and ~ingulsr the costs, charges and expe~ses, inciuding s rcason~bb a~~o..~eY s fee and costf of abslraNS of fitle, incurred w paid ~t any time uy said MORTGAGfE, because a in ~he event of the fa~lure on the pa~~ of ~he said MORTGAGOR to duty, p~pmptly ~nd fully pc~(orm, d~xharg4 ~ } execute, effKt, comptets, comply w~fh and ib:de by ea:h and every 1he stipulat~ons, agreements, conditiorq, and wv~~anis of ssid promiswry note a~+d ~!w F mwtgage any w either, •nd sa~d co~ts, charges a~d expenses, each and every, shall be immediately doa and payable; whe~her. w ~ot there be notice dr mand, altempt to to~iect or tuit pend~ng; and the fuH amounl of each and every such paymenl shall besr interest from tM dats the~eaf until p~id s1 the rafe of nine per cenrum pe~ annum; and all said cosrs, charges and eapenses inc~rred ar peid, to~ether w~th suth interost, sMll be secu~ed br the I~ee of Ihi~ mat9age. 6. Thst (a) in the event o( any breach of fhis Mo.tgage a deiault o~ the part of the MORTGAGQR, or (b) in the'event ~ny of ssld suma of money herein referred to be not promptly and fuily paid within th~~ty (30) days next af~er the same severatly become dve and payable, withocrt demand or notice, or (t) in thr event each and every the stipu!ations, agreemenes, cond~rions and covcnants of sa;d promiuory nots and 1h~s mortgage a~y or either are nol iuly, prompNy and futly peafo.med, d~scharged, exec~ted, effected, completed, camplied w~th and ab~ded ~iy, then in eAher ot any such eveM the taid s~ gregate sum rr~entionod in said promiswry note tt~en ~emaining unpaid, with intere;t accrued, and all moneys secured F~ereby, shall become due and pay- able iorthw~th, or rherea(te~, at the oFtion of :a~d MORTGAGfE, as futly and comple~c~y as if ali of ~he said sums of money were originally si~pulsted to be pald on such day, a~ything in sa:d prcrnisswy note or in this Mortgagr to thr comrary notw~~hs~and;ng; ared thereupon or thereafier at the option p{ said MORTGAGEE, without notice or demand, svit at law w in equity, ~hereFore or the?eaftef beg~~, may be prosesuted as if dl moneys secured hereby had mat~red pr~or lo ~ti institution. 7. Tha~ in the event that et the begirtn~ng of w at any time pe~d"eng any suit upon this Mortgage, or to fpeclose it, w fo refwm it, or to enfwce payment of any cl,~ms hereunder, said MORTGAGEE shall apply ro the Court ha+~~g ~ur~sd:crion thereof fw tfie appol~tmen? of ~ Receiver, such Cou?t shall Forthwith appo~m a receiver of said mortgayed property all and ainguiar, inc;ud:ng ail and singula~ the income, prot~fs, iuves sr+d revenves from whatever source derived, ea;h and every of which, ~t be~ng expressty unde~stoocl, is hereby mort~agcd as if speuficalty set fonh and describrd in the granting aod habendum clauses hercwf, ar.d such Receiver shall have atl ~ir_ Droad and effecTive funceons and powers in anywise entrusted by a Court to s Receiver, and s~ch appointment shali be made by such Coutt as an admitted Equ~~y and a matter oF absoiute right to said MORiGAGEE, and withouf re(erence to the adequaty or inadrquacy of the value ~f the property mo~tgagtd or to the so:vency o~ insolvency of said MORivAfrOR w the defendaMS, and that iuch rersts, profits, income, issues and revenues shall be applied by such Receiver accor~i~ng to the lien w equity of said MORTGAGfE ~nd ihe pratfite of suth Court. 8. To duty, promptly and fully p~rfo~m, d~scharge, execute, effect, compiete, con,µiy with and abide by each and every the stipulafions,, agreemenri, co~ditions and covenanb in sa~d pr~missory ~ote and ih;s mortgage set forth. 9. That in the event the ownership oF the .nortgaged premises, or any parf thereof, becomes vested in a person othe~ fhan the AhORTGAGOR, fhe MORTGAGEE, irs successors and ass:gns, rnay, wiihout notic? to the MORTGAOR, dea{ w~th s~ch successw a successor in intertsl with reFtrence to this mortgage and ~he debt hereby sc~ured in the same menner as with J'Aartgagor without in any way vit;ati~g or dixharging the Nbrtgagors' liabilify hera under or upon the debt hereby secured. ~1o sale of ~t~e Fre~nises h~reby mo~tgaged and no fo.bearaoce on the part ol the MORTGAGEE or its sutcessors or asse~ns and no exttnsion o( the tim~ for tne payn:rnt of the debt hereby sec~red given by ~he MORTGAGEE or its tucte:sors or auigns, shall operate ro retease, d~scharge, modify change or at(ect tl~e orig~na! liau;i~ty of the MORTGAGOR here~n, either in whole u i~ part. 10. It is spec~fically agreed that time is of the essence of tl~~s contract and that no waiver of any obt~gation hereunder or of the obligation st cured h.:~eby shatf at a~y time thereaf~er be held to be a waiver of 1he :erms hereof w of the instrument secured herby. 11. In add~Yoa to !he Fo~ego'ng n:onth!y paym~n~s of ptinc pal and inte~est requ+red by the promissory note secured hereby, mortgagor tovenants and agrees to pay to mortg3gee with each mon~hly payr.,ent an add~r.cnal sum esrmated by mortgagee to be equal Io l; 12 of the annual cast of the follow- ing: - . A-Alf rea~ ~rope~ty taxes lev~ed or asseszed agair~st the anove destribed r:al es~ate. B-Prrm:ums on f~re and windstonn insuracce as he:ein req~;red to be ca~ried en the improveme~ts situate o~ the above described premises. C-Premiums on s~ch rr.ortgage guaranty ir.surar.ce as mo!tgagee shall from t me ro time deem fit to tarry on the loan ucu~ed hereby. i Mortgagee shail from time to t~me not~fy mcrtgagor in writ~ng of the amount due and payable hereunder and suth sum shali thereupo due and p e on the due oate of the next monthty payment and each successive month therea(t~r ur.lil mortgagee notify mortgagor of a a e in suth mour Such svms s1:a:Lbe appGed by mortgag_e toward the payment of real property ta:es, insurance rem: ~ nd ortg r insura ~ premiu.. . , f s f ~ 1. NESS-YlHER QF, said MORT OR has hereunto set his hand and seal ?he day and~year ~nt, "~or . ~ . Se and red i se C Witnesses as to er a ~ Marg~et C. Rrady n 3 ~ 1~itnesses as~ to r et C. Rrad ~ STATE OF Georgia RobQ rt L. Frady ST ~UC E COtiHTY Fl~ ~„4cd~ ~ couNnr oF'~ Fulton ROCER POITRAS ~ Before me rwnalf ober RECOR~ VER ilEO COURT pe y appeared I~ t L. Frady ~ ~M~~el) krawn and known to me to be the individwi described in and who executed the foregang inslrument, and ack for ~ ecuted the same for the purposes thereEn expresud_ }DIO[Jd ~)cll9lCaJl~1[fc~lOC)[90I~fR~c7r7QiRIMt~(~Q~G?WCk~J[~ lf3d~[~[~1o0~flC ~~~;.,;+::,s:~,~~;. ; WITNE55 my hand and offiuat sea) ihis_ ~~~ti~-- day o{ .J111 t~'•' ~~t++~'?5~-.~~~~".';~7g ' , ' - ~ _ - } ~ • Notary Public in and fw L11e.~ tE d~~-st~?~liu ~ STATE OF ~~X GppRGIA ~ ~ My Commission expires: : • ~f'~t-~~. , 9'~ j COUNTY Of Fi] 1 ~ Ai1 ~ ' ; ' ~ =:or_e_~~'_- . - - T,-___.._.., - MY Com+~uicr. fxqr qpy113~i9~76-_ t•.• - Before me perwr:ally appezred M.argaret C• Rrady ~ ~ ~x ~ ' ~ + • - to niq wN I known ahd.knsw,» to •me..to the ind~vidual dexribed in and who executed the foregoing instrument, and etknowledged befwe me thatShe "~xe~ufld;Jhe same fqr•~M•.pvrpases rher-in exp~essed. ~i ~r. ~ . ~i~Rs7fn~~GiC - . XXX70CXXX}IXX . Ki1~DS~~ , X~~~~~i,~M~ : WITNESS my hand and offic~al xal thfs_ ~ _ day of ' - -~J' I. - _ _ - o ary PuWic in and f r 1 State ' ? ~y~r This instrument preparey by: ' • f ax~ •'f, ~ • . . ~ 7. Richard K Kayes M Commission ~~,m~~s ~9 First Federal Savin s b I~ •p , 9 an Association ~ ~ af Ft. Fierce, Fla. ~ ~ ~ _ . . - - - - - - y ~ . - - - z ~r.~~~ • ~r-~~~`~~ M - .ywr~~ ~r_ .,d.__ . ' "