HomeMy WebLinkAbout1265 3. To plau snd con~inuously k~ep o~ ~1» bu~;dinp~ raw or M~~afar ~tw.~~ on ~a~d t~nd ~nd on all .qusp~»~~ ~nd p~nonatly cov~red by *N~ ~nor~p.
p~ wi~h ~11 pren,ivms ~F,er~on pa~d in f~ll, fire insuru?u in ~Fa uswl ~taoda~d poGcy iwm, in •~um ~pprowd by th~ MORiGJ1GEE. ~nd wt~d?~o~ea
kawanc~ in tM vsu+l~ sianda.d po1~q fann, i~+ + sum ~pprov~d by ~1w MORTGAGEE, in wch con?p+ny a compania a tM MORTGAGEE may ~
dirsctl ~nd ~11 ik~ ~nd w~btam i~suru.c~ pulic:es a? a~Y ol said buitd+nps, ~ny tnt~rht tfiWtln a p~H tM+wf, in ~M ~pqnqa~~ ~wn afonwid a
In ~xc~u tlwrwi, ~MII cona~ ~M vsual st~ndird mwt9apa~ claus~ or such al~ claus~ ~s tM Mor~yapN m+y rpu'u~, makinp ?h~ lat w~ a~d poti~
ctp, t~cb ~nd ~v~ry. p~Yab1~ to as~d N10RTGAGEE a~ ib inte~ei~ may appNr. and ~ach ~nd ~wry ~vd~ policy ~haU b~ p~ompNy ass.pned and dNiva~d ro
•ny Mld by s~id MURTGAGEE ~s iur~h~r ~ecurity to said morlpiy~ debl, and. no1 I~ss ~Mn ~en l10) daln in advsnu of tM ~xptr~tion of ~ad~ polit~r. to de~
UvN to said MORTGAGEE s r~~ewal tAereol, tope~Mr with • receipt for rhe premiwn of ~uch renswal; ~nd N+~~~ shall be no fin a winditorm inwranc~
pl~ted on ~ny of said build7nys. ~nr iroere~l thKeM or par~ ~Mreof, untes~ ~M fo~m ~nd with ~M loss pay~bt~ ~s ~fw~W~ ~nd in th~ ~v~nt ~ny wen
of mor~y becorrws piyaWt w~d~~ such policy a polkios s~id MORTGAGEE ~hall haw tM opr~on ~o receiw +~d +pplY tM sarM on accovn~ of ths G+d~b~~d-
~s ssaxed M~~by a w perm+t said MORTGAGORS to recaiv~ and v~ it a ~ny pu~ therwf fa othe. pu~poses, wi~hout tM~eb~ waivinp w 1mp+i.-
Inp any pu~ty. IiM or ri9h1 u~+d~. a by virtw of this mortp~ye; a~d in the ~vem aid MORTGAGORS ~I?all fw any r~ason fail to k~ep ~M s+id pn+nise~ io
inwred, a fail io deliver promp~ly +ny of uid polKies of insurana to s+~d MOR:GAGEE, or f~il promptly to pay fvllr any prsmi~m ther~for or b? any
nsp~ct (all to paforen, discharqe. execuro. ~tfect, complete. comply with and ab~d~ by this rnvenant, or u+y pan I+KwE. s+id MORZCaAGEE m~y P~se~ s^d
paY for a~ tmu~anc~ ot ~ny part therwf without w~ivinp a•ffeclirg any optiwy li~n, squlty, or ripM und~? a by vlrtw of this Mat~~, ind the
fvll amo~nt of ~ach a~d ewty such p~ymMt shal{ be imm~dia~efy dw sMi payabf~ and shali be~~ int~rest from th~ dat~ IMreof until paid at tM raM ot
niM pa untum per snnum and to~ether with such interest shaU be secured by tM ~ien of this mwtp~y~•
1. To permit, cwnndt w suffe~ no wa:t~, impairme~t w deterioratio~ of uid propery w any p~?1 thKeof•
S. To pay all ~nd sirgut~r tM cwh, charges and experues, includinp ~ reasonabl~ +tto~rwY's fN and cosri of ~bstr~Nt of titl~, Incun~d w paW a1
~ny time by said MORiGAGfE, bacwae or in the ~ve~t of the failwe a? the put of /M ~sW MORTGAGOR 1o tiuly, promp~ly +~d fu~~Y Pafam. d~xh+~9~
execv% eff~, complea, comply w~th and ab:do by each and every the stipulat~o~?s, ayreements, conditiora, and aown+nri of ~aid promiisay not~ and tFw
mortp~p~ ~ny w eifl~s~, and ~a1d costs, ch~rges and expenu~, each and every. sl++l1 b~ imnxdi~tely dw and paysblet wMthN a ~ot then M notic~ dr
m~nd, anempt ro cotlect o~ suit pend~ng; ~nd ths fult amovnt of each snd every such payment ~h+ll b~ar intarest froen tM d~te tMr~o1 u~til p~id at tM
raN of nine ptr centum per annum: and all uid costs. charqe~. and expenses ~nai.r~d or paid, ~ogelher with such intK~st. ahall b~ s~wred by tM li~n of thi~
matp+p~. _
6. TMt (a) in the event of any breach of this Mortgage or dcfault an tir part of the MORTGAGOR, o~ (b) in tM we~t any of taid sv~ns oE mon~y
her~in r~fe~r~d to be no~ promptly ~nd fully ps~d wi~hin th~rty (30) days next afre~ the s+me sever~lly becan~ dw and payabM. WitFqY) dMl~~ 0I ~IOtiC~.
or (c~ In tM ~ven~ each and every the stipulationa, agreements. ca+ditiax ~nd cova++nts ot sa~d promiswry not~ ~nd th~s mat~ap~ +ny a~itha u~ nol
~v;y, promptly and fully performad, d~scharged, ~xec~ted, effccted, completed, complied with and abided by. tFwe in either w any wd~ ~wM tM said a~
prey+tt wm mantiona~d in saiti promissory rate then remainir+g unpaid, witF interest acuued. ud atl moneys s~tured hersby. sh~ll b~cortK dw ~e+d pay~
abk forthwith, a rhKeafrer, at ihe opr~on of ia~d MORiGAGEE, as fvlly and comple~ely as if •II of the said awea af ~w~uy were orgin~llr s?ipulated
ro be p~id a+ such day, anythinp in sa~d prom~sswy note o~ in this Mortgage ro the contrary notwithstandinp; and there~pon w thereshN at tM option of
taid MORTGAGEE, without notice or dema~d, a~it at law or in equity, 1fie~etae or the~eaita be~vn, may bt prosecuted u if all money~ Ncured l~ereby ~
hid matVred pnOr to its itutit~tion. '
7. TMt in the event tFut at the begirtning of or at any time pending any wit upon this M1o?tysgs, or ro fo?~clos~ it, or to reform it, a to Mfwa . ~
payment of snY claims hereu~der, ssid MORTGAGfE shatt app4y to the Co~rt hsving jurisditt~on ~he~eof for 1he appointmtnt of ~ R~ceivK, such Gowt :MII ~
forthwith appoint a receiver of uid mortpaged property sll snd singular, includ~ng all +nd singular tM incomt, profiK, istws and rwa~ws from whattver
sovru derived, e~ch snd avery of vrhKh, it beinp expressly u~ders~ood, is hereby mortgaged a~ if specific~lly set forth and de~aribad in ~M.y~~ntinp and ,
habend~xn clavsa hereof, ~nd such Receive. sMll have all the broad and effective funct~ons a~ powew in anywis~ ~ntrusted by s Covrt to a Receiva, ~nd :
•uch ~ppointment shall be madt by such Court as an admitted equity and a m+tter of absolute right to said MORTGAGEE, and withovl nf~reoc~ to th~ `
~dequscy or in~dequacy of the value oi the properry mortgyed or to the so~vency or inwfvency of said MORTGAGOR or the def~ndams, and that such ;
renn, profits, income, iuue: and revenves shstl be applied by iuch Receiver accord~n~ to ths 1'~en or equity of said NIORTGAGfE and tM pracKa of tuch
CouA. ~ s
8. To d~ty, promptly and fuNy periwm, discharge, execute, effect, compkte, comply with ~~d ~bid~ by esch ~nd ev~ty tM stipulatiaa„ apnert~a?t~,
conditions and covenanti ~n sa~d promissory note and this mortyag* set fwtA.
9. Thst in the event the ownership of the mortgaged premises, or any parf ihereof, becomes vested in ~ penon oflror fh~n th~ MORiGAGOR. th~
MORZGAGEE, its aucceasws snd sss"~n~, may, wi~fiout notice to t1x MORTGAOR, dsa~ wi~h such succeawr or successor in interest with reference fo this
mort9~e and the deb~ hereby secured in the san+e manner as with Mortgaga wi?hout in any way vitiatirg or dischar~irrg' ths More~pors' (i~bility he~a
under or upon the deb~ hcreby secured: No sale of the prem~ses hercby mortgaged and no forbearanu on th~ part of tM MORTGAGEE w lq suocesson
w auigr+s and no exrcns~on of rhe t~me for the payment of the debt he*eby sctured given by ~he MORiGAGEE w in sucuswra or ~uipm, ahall operat~
ro ~elease, diuMrpe, modify change or af(ect the wiginal Iiability of Ihe AhORTGAGOR Mrein, either in whole a in put.
10. It a tpecificatly agreed tMt time is of fhe esscnce of this controct a~d that no wsiver of sny obliyation hereu~xler or of tfi~ oblip~tion tr
cured hereby shall at any time thereafte~ be held to be a wa~ver oi the terms htreof p of the ins~rumeM ~ecured herby.
11. In addrfion to the forego:og monrhty payments of princ'pal a~d interest regvired by the promiuory nate secvred fiereby, morigagor coveoanb
snd agrees to pay ro mortgagee with each monthiy payrnent an addlrional sum cstima~ed by reottyapee fo be lqwl to 1/12 of th~ annwl tLst of the f0110w-
iny:
A-All real propetty taxes tev~ed or assessed aga~nst the above desuibed reat estate. •
~ 6-P~emiurns on fire and windsrorm insurar.ce as herein requ:red to be carried on the ~mprovemenh situate on the sbove desuibed prerriuea.
C-P~emiums on such mortgage gusranty insurance as mortgagee shall from time to time doem fit fo carry on ths loan aecur~d liereby.
Mortgsgee shat! from time to t+me norify mwtgagor in writ~ng of the amount due and p~y~bk hsrwnd~? and suth wrn shall thereupon be dve ard
payable on the due da+e of rhe ~+ex~ monthly payment and each succes~ive moneh thereafter unti mwtgsgee shsll notify mortyspw of s cha e in aucl~ +
amount. S~ch sums ah.all be appiied by mortgagee ~oward the payment ot real property taxes, i rance prem~ums, snd morfgaye ywran inwrance ;
premiums.
IN WITNE55 `NHEREOf, the asid MORTGAGOR has hereunto xt his hand and seal the day a ysar,fks~ or id. 4 i
Sipn~d.~ • d' " the presence of: ~ ~ ~
- c ~ . ~
~1= . ~r,-~. - - s~ r• ` ~
, y~ ^ n {
. ~ ry f
~
STATE Of fIORIDA ~
~ ~
I COUNTY OF St . Ti1C ~ B ~ ;
eer«e ~~May appeered Jay C. Bumpers, Jr. ~
Julia M. BUI4p81'3 his wife, to me well known and known to m~ to b~
~
ths ind~viduals deiuibed in and wfio sxecutcd the foreyoiny instrument, and acknowjedyed bsfor~ me that th~y ~aec~tad tM ssrn~ fw th~ pwpos~s E
thecetn sxpcessed. And the sa~d J111~8 H. BLU11p6P3 #
~ wir. of rn~ .,ia Ja'9 C. Bwdpers, Jr. ,ipoo . sep.?.t..na priv.t~ i
exsminatwn by me taken separate and apart from her said hvsband, sckrsowledped to and befwe me thst she executed said imtrument 6sely and ~rohin~ £
tarity ~nd witho~rt sny compulsan, constraint, apprehen ~ fear of or from her said husband.
WITNESS ~ny !?~nd and official ssal thi day of_ A st A D. 19!~ '
~ ~
' Notsry Pvblk and or tlw ~t~ of Fbridr N lar
' My Commisi acpira: ~ . ~ ~ /9 `1~ ~
QEtUfI1 TO: iNNiq~~~~./` *
' Fint Federal Seving~ a loan Associat~o~ ; ; , : ~ ' ~`yi ~
' Of Fort Pierce. ~~i~ ii~ ' ~
Port P~ares. Florida :R•J~;'.•C (,l'•'~~¢~r ~~"e ~ C~j~NTR EO
- ~ ~ ; G~~N ~ LA.
- ~ ~ i c: C~~r • ~~jR ~
.
~ : ~ ~ ~ ~ = ~ . . Rfce~,;~v~~ ~i~o ~ouRt :
This Instrument Prepared By Wm. E. B~Q ~ ~v"'_` ~
First Federal Savings E~ loan Association vli' C'~ 5 ~ ~
~ ' 24 '75
~ g Florida • , ~
~ ••....ji~~.
of Fort Pierc
~ s 4~3
Checked By ~ - • , , _ ~,~'i
/
.~(rs
~OUK~~~ fl4~f , : : t' ~ ~ ~
- -
~.~.,f-~`~' ~ .
~ ~a'~~^y
. . _ . u. = ~ ~ _ . ~