HomeMy WebLinkAbout0750 f
~
3. To plac~ a~+d coroi~~oualy keep on th~ buildina~ now a her.+fr~. ~itwt~ o~ said land and on ali equipm~nt ~nd pNSOnally covtr~d by lhii ~qr1~
sgs, with all prtmiums tMrea+ paid in f~li, fin iniur~np in th~ wual ua~dard po~icy fam, ie~ a ium app~ovtd by th~ MOR(GAGEE. ~nd windstpm
insu~~oq in ~h~ uswi standa~d polky fwm, in a sum ~pprov~d by ~M MORTGAGEE, in such compsey w compa~iK u tM MORTGAGEE may
diractl ~~d ~II fir~ u+d windstorm in~u~anc~ policies on ~ny of iaid bu~td,np~, a~y lntere+t ~hw~fn w pan tM~wf, in th~ ap~re~a~~ wm ~faes~id a
in ~xcess Ihs?wf, shall cont~in tM viusl standard martpayH claus~ or such wha claus~ a fM Mort9~g~s m~y ~eqvir~. makinp ~M lo?i w?dK s~~d polF
cias, exh and evtry, payoble ro s~id MORTGAGEE as it~ intcrest may appea?, •nd each and evcry auth policy fhall b~ promptty us.~+?ed a~d d~iivered M
sny held by said MORTGAGEE as furthp security to said mortpage debt, and, not tet~ than t~n t10) dayt in ~dvar?c~ oi the ~xp'u~tan o( each polity, to d~
Gver to s~id MORTGAGEE a rtnewal Ihtreof, lo~ethe~ with a reteipt 1w the premium of ivch ~enewal; and thtr~ sMll b~ ro iir~ or wind~lo~m inwrant~
P~+ud an +ey of said bulldk+ps, ~ny interal thw~in a p+rt thtreof, unleu in ilu iorm and with tM toss payable as ~ioresaid; ~nd io th~ ~vMt any we~
of ~r~oeKy becen~ p~yable und~r wch policy a poiicai said MORTGAGEE sh~ll have tM opt~on Io noeiw u~d ~pply t!a same on +ccovM of ti~e ind~bt~d ~
ness secwetl M~eby a ro permil said MpRTGAGORS lo reteive and us~ it w any pa~t thereaf fa olher purposet, without thereb/ waivi~~ a ~mpair
us "
in9 any puity, lien w ri9h~ undsr w by virtw of this mo:ryape; and in ths tvent sa~d MORTGAGORS sha11 for anr reason fail to keep tlie aid prtmisea w ;
inaured. a fait 1o detiver pranptly iny of said policies oi inturance lo ssid MORTGAGEE. or fail p~omptty to p~y fully ~ny premium tMr~(or p tn sr~
respect fall to pe~fwm, disch~~ge, executs, sffect, complete, comply with ~nd ab~de by th7s cownant, a any parf hersof, said MORTGAC'sEE may pl~ce and
pay for iuch insurance or any parf 1F~srcof witlw~rt waivinp w ~tfedir?p any option, tien, equi~y, o~ right vnda w by virtw of this Mor~g~pe, ~nd tM
f~ll amount of each and tvery wth peymsnt shall bs immediatety due and pyable and shall bear interest (rom tta dat~ thereof until pald at th~ rat~ ol
nine psr centvm per annum and togethtr with such interesr shalf be secured by Ihe lien oi thh mwt9a9e. .
4. To permil, commit a suffar ~o waste, impairment w dete~ioration of said propcvty w~ny part IF~ereof.
S. 70 ;»y ~II and singulu ths costs, charpes and exptnses, ~nctud~np a reasonable attwney'i fe~ a?~d costs of ~bstracts o( titl~, incvr?ed o~ paid at
~'+Y by said MORTGAGEE, beca~se a in tlia e~ent of tM failure on ~hs par~ of the said MORTGAGOR ro duiy, p~omptly and fully perfam, d~uharq~.
e:ecute, effed, complete, comply with and ab~de by each and every th~ stipulstions, agreemenb, conditioru, and covenants of aaid promissory nae and th4
mortgage any w either, artd said costs, chuyes and expenses, each and eve.y, thail be immed~ately dva a++d payaDl~; whetAtr a not thKe be notite d~
mand, anempt ?o coilect p suit pend~r~; snd tM fvll amovnt of Q~ch end every such psyment ahall b~a. intersst from ihe d~t~ thereof until paid at tht
ra~e of nine per centum per an,~um; aod ail said costs, charges and ezpeoses incurred w paid, toge~hcr w+th ~uch inte~est, shall be wcured by the lien of thi~
mortgags. ,
Q That (a) in the evenf of any bresch of this Mortgsge u detautt on 1he pan of the MORTGAGpR, or (b) in fhe event ~ny of said aums of mont~t
herei~ r~ferrrd to be not promptly a~d fully paid within Ii?irfy (30) days nex~ atter the same severatly become due ~~d payable, without dem~~d or ~otice,
or (c) in thc event each snd eve~y the slipula~ions, sgreaments. cond7fions and covenanis of aa~d p~omissory not~ and th:s matype any w either ~r~ no1
i~ty, promptly and fully performed, d:xharged, exec~ted, eifecterl, canpieted, compl~ed wtth and ablded by, then in either w ~ny svch ewnt the sa~d a¢
gregate sum mtntioned in said promiuwy r?ote theo remaining unpaid, wifh interest accrued, and all moneys setvred hereby, tMll become dw snd pay~
abie forthwith, or thereaite~, at the oFiion of sa~d MORTGAGEE, as fu~fy and compietely as i( all of thc,~a7d wms of money nrcre ai9in~lly ~t3pvlated
to be pa~d on such day, aoy~hing in sa:d prom~ssory nore a in th~s Mwtgage ~o the conuary no~wi~hs~andGng; and thereupon o? thereafter at the op~ion oi
sa~d MORTGAGEE, without nor~ce or demand, su~t at law w in equity, !herefore or therraiter bcgun, may be prosetuted ~s if atl awneys secur~d hereby
had mafufed pnOr JO its inttituTion. .
7. That in tfie event thst at tF~e begi~ning of or ~t any t~me pendi:ig any su~t uaon this N4ortgsge, or to fweclos~ N, a to rcfwm it, or to enfo~p
Fayment of any claims hcreunder, said MORTGAGEc sbaN apply to the Cour1 havin~ ~urisd=aioo thereof for the ~ppo~mrtcen~ of a Receiver, such Cowt shaU
iorthwith appoinl a receivcr of said mortgaged prope~ty all and si~g~tar, ir.c.ud~ng atl a~x! singvtar the income, proiits, iu~es and revenves from whateve~
:cvrce derived, each and every of wh~ch, it being express!y understood, is hereby mortgaged as if spetifically sef forth and deavibed in tM prantinp and
habendum ciauses herrof, and such Receiver shalt have al~ the broad and effxtive funct,ons and powe~f in anywise entrusted br • Covr1 fo ~ RKeiver, and
s_ch appoinfinent shall be made by,wch Court as an adm~tted equity and a marrer of absolute rigfi~ to said INORTGRGEE, end withovf refere~ce to the
adequaq or inadequacy of the value of the property mortgaged w 1o the sower.ty w~resolvency of said MORiGAGOR or the defends~ta, and Ihat such
ren~s, proiits, income, issues and revenues ihall be applied by a~ch Receiver accordmg to the iien or equity of s~id MORTGAGEE and the prWic~ of suth
Coun. _
8. To du{~, promptly and fully perform, diuharge, execute, effect, complete, comply with and abide br esch and every the stipvlations, ayreM~eeri,
i cand~tions and cuvenants ~n sa~d promissay note and fhis mortgage set forth_
9. That in the event the owner:hip of the mortgaged premises, w a~y part thereof, becpmes vested in a person othe~ fhan the MpRTGAGOR, fl+i
1`.ORTGAGEE, its sutcessors and assigns, may, without notice to the MORTGAOR, deal with such suctessor p successw in interest with reference to ihis
^~orrgaye ar.d the debl hereby setured +n the same manner aa with ~Jbrtgagw without in any way vitiatiog ~ d~scharging the Mortyagors' (iability he?a ~
~~,der or upon the debt hereby secured. No saie of the premises hereby mortgaged and no fwbearance on the part of the MORTGAGEE w its sucteswn +
or assigns and no sater.sion of the time for the payment of the debt hereby secured g~ven by the MORTGAGEE or ih suctlssws or assigna, shal! operate t
ro release, d~scharge, mod~fy ~hange w affect tfie oegmal iiabd~ty oi tha MORiGAGOR herein, eitF~er in whole q in put. ~
10. Ir is speuficaliy agreed that time is of the essence of this contract and that no waivtr of any obligation F~ereundtr or of tha obligatan ~e-
cured Fk:reby shali at any fime thereatter be held to be a waivcr of the terms hereof or of the instrument setured htrby. ~
i
11. In add:tio~ to the forego:ng monthly paym_n:s of pri:,c pa1 and interes~ required by the promissory note secured hereby, mwtgagor tovenants ~
a-,d agrees to pay ro mortgagee with each monthiy payrne~t an add~riona! svm esf~mated by morlgagee to be equal to 1 j 12 of the an.lual tost of the follow-
;,,g.
~ . - :
A-Alt reai properry taxas le•iizd or asussed against th: aoove desc•~bed real estate. - ~
B-Pren:~u~m on fire and wiadsto:m insurar.ce a: here~n .equ;red to be carrird on the improveme~ts sitvate oo the above desvibed pr~mises.
C-Premlums on such matgage guaranty ir.svrance az mo•tga,ee sfiall from t~me to rime deem fit to urry on the loan secured hereby.
Mortgagee shaii frxn ~im.e to time nofefy mo.tga~or in writing of the arr.ou~t d~e and payable hereunder snd such sum shall thereupon be due snd ~
:~~able on fhe due date of the next month:y payment and each successive month therea(ter ur.til mortgagee shall noiify morfgagor of _a change in such
amount. Such sums qhatl be app!ied by martgagee towa~d the payme~t of reai property taxes, insursnce prem:ums, and mortgage guaranty insurance
,remiumi. ~ -
IN Y~ITNE55 WHEREOf, the sa~d MORTGAGOR has hereu.^.to stt his hand and seal the day a a? fir f id.
igoed, Seakd nd d ivere i the pres e of: ~
. ~
¢ . 55 , ~
- CU n
L u~? ~ . n.,n ~
r . ass ;
_ _ - ~c.~,n ~
~
' S i ATE Of FlOR10A ~ ~
St . i,ucie u- ~
li COUNiY OF
i Before me onall a ared Ted B. ~
P~ y pP~ $8 S S ~
4 Marqaret A. Ba ss his wire, ro me wen known •nd;io~pr,7 id.,i;4`4t,`bi f
rhe individuab deuribed in and vieho executed the fu instrument, and acknowl t
~~g edged befwe me tMat fF?ey execvted fhs'sartR=;ib~'•, r
Maz ret A. Bass ° ~ ?
therein expresud. And the ui '::rt s~,
• Y L
j w;fe of the said T~ B. 8155 ~;y'" .
e.aminarion by me taken separate and apart from her ssid husband, scknowledgfd to arsd befae me tFwt she executed saidllt~T{wpd~M~~-~j~J~in1- "
'an;y a~d without any compulsion, constraint, spprehension, or fear of w from her said husband. ~.%..t;;t--_.'~~~ ti _ -
~IYIihE55 my hand and official seal thii ~th day of J 1 ~ 7$..; ~
i9-- -
N :
Noury ~ublic in ~od fa the State of ffoii~:af`~~t~h j 7"~~` ,
My Commiuan expires: ~/Q.~_ yQ .
Retvrn To: ~ ~
First Federal Savings 3 Loan Astociation
O~ fort P:erce.
Fwt Pie~ce, Flo~~da f LFO AMD RECURDE ~
s~ ~~~~f COUMir f~,~ `
a~C~~+ PJttRAS '
REC
~R RK ~'`kCU1T COIA~'T
This Instrumerit Prepared By J. Hal Roberts~ Jr. ~YEF'~~Ffl '
First Federal Savings 8 Loan Association "J~' E
of Fort Fierce , Flozida 33450 ~t ~ ~7C ~ ~
fJ ;
Checked By ~ ~r~
iJ~
BOOK PAf?~ . - . . • . ~
i ~ !
~ . ~
~ _ - -
f f ~ ~
- -
. _ ~ _ - . ~ -