HomeMy WebLinkAbout0262 3. To plxe and conrin~ously ke~p on tM ~uildings now w h~~eaf~~? utuu~ a+ wid I~nd and on all equip+wet ~nd penon+lly cov~red by thi~ morb.
~y~, with all pr~miums ~htrwn p+~d in full, fire iniuranc~ ~n tM usual t~~rdad poiicy form, in • wm approv~d by tM MORIGAGEE, s~ windttam
inwr~u in tM uwa! ~isnda~d polYcy fam, {n • wm approwd by tM MORTGAGEE, in s~ch companY w conY~+o~a +s '1M MORTGAGEE may `
di~Kll ~nd all tir~ and winduwm iniuraec~ potiues on aoY of s+id buildn~s. ~ny inron~t ther~in w pa~t ths.wf, {n tM pprp~t~ wm afor~uid o~
in excest thenof. ~haN cont~in ~M uwal standud morro~ cla~s~ a+uch otha dau~ +a th~ MatppN may ~puw~, matinp ~M lou undN u~d po1F
cies. ~xh arxl ~very. paYable ro said MORTGAGEE as ib interest may appta~, and each and ave~y tuth policy ~hall b~ promptly au:yned and dtlivtred w
any MW by t~id MORiGAGEE a iurthe~ ~ecv?iy to ssid ma~ysg~ dtbt, and, not leu ~han fM (10) days in advanu of ~M ~apir~tion of each policy, to dt
I~ver 1o taW MORTGACaEE a renew~l thsreof. to~e~hN witi~ a rectipl fw IM premi~m of ~uch renew+l; ~nd tMn aMll b~ ~+o f~r~ w wind~tam inwr~na
plepd on ~ny of said Auildinpa, ~ny intK~s1 theran oc p+~l the~eof, unte~~ i~ ihe form a~d wi~h the lou payabl~ a(wtiaids +~d M th~ ~vtnt a~y ~um
of nwn~y becomas p+y~bl~ u~ such policy or polkws ~aid MORTGAGEE shaU Mw tM op~~on ~o recsiw and apply tM aun~ an acca+m oi the 1nd~bted~
rteu ucurad hereby o? ~o ptrmit s~id MORTGAGORS to teteiv~ and us~ i1 a any part thereof fw othcr pu~posei, wilhout the~eb/ waivi~g a~mpaiN
;ng any pu;y, Ii~n p riqhl vnde+ or by vlrtw of ~his r.wrt~apej ~nd in 1M event ~sid MORTGAGORS sF?~II fu ~ny r~ason f~il fo ktap 1he s+id prem~sss so `~"s+
insured, p isil W de~iver p~anplly any of iaid polKies of iniu~uK~ 1o ssid MORTGAGEE, 01 tal prompt~y to P+y fuiiy ~ny ~tmi~in fherefpr w in any
respect tail to pa(wm, d~scMrge, execute. effect, complere, comply wirh ~nd abide by th~s cownan~, w any put hKeof, said MORTGAGEE m+y pl~u and
pay fw wch inw?ance w any part ?F~eof withou~ wsiving w affectir+p any op~iaw, ti~n, puity, o? right ~~da ot by virtw of this Mo+tpa~, ~nd the
fu11 amounl of each aod ~very s~ch p~yment shall b~ irtvnediately d~e and payable u+d sha11 bes~ {ntersst from tM date lhneof until paid at th! ra~~ oi
n~ne per centum pa annum and to~ather sri!h :t~ch !ntsrest shali be secured by the lien oi this ~tgape•
4. To permlt. commit or iuffer no waste, impairment w deteriwatio~ of said property w~ny part therwf.
5. To pay all and singvlu ths costs. chug~t +nd expenses, i~ciuding a reasonabte attorney's fee ~nd cwts of a!»tracts of tiN~, incurred q paid st
any time by iaid MORTGAGEE, betause or i~ tha cvent of ~hs iailure on the part oE the said MORTGAGOR to duly, p.omptly ~nd fvlly ps~form, dixharg~t
rxecuts, eHect, comptete, comply w~th snd ab;de by esch ~nd every the st~pularions, agree+ne~n, conditions, and cownanb oi said promiuory note a~d thu
morrgage sny w ei~he?, and sa~d casts, dwges and expcrues, each and every. ahatl t,~ immediately due and payablet whethe~ o~ no1 there be notic~ ds
mand, attempt to collect o? wit pend~rg; and tM full amovnt of sach and wery wch payme~t ~F?sll bea. i~teresl fran ths date thereof vntil p~fd +1 the
r.:te o{ nine per centwn per en,~um; a~d all said costs, tha~gea and expenses incurred a paid, ~ogether with t~cA inM~est, tMll bt aetured by ths lien of thit
martysg~. . .
Q That (a) in the event of ~ny breach of thl~ Mortysye w defavlt on ~he part of the MORTGAGOR, a(b) in the event any of said wmt of money
he?ein refe?red to be not promptty and tully paid within thiny (30) days next after the same severstly become dw ~nd pay~bN. withoul demartd a notice,
or (c) in ri?e ewnt each and every the stipulatioM, sgreements, conditions snd coven~nts of said promiswry note and th~s morlq~pt any o~ si1Fw art nol
iuty, promptly and fully performed, d:scharged, executed, elfec~ed, caripkted, complied with and abided Sy, thet? in either a~ny tuch event ths iaid a~ .
g~egare wm meotioned in said promissory note then remaining unpa~d. with interest scuued, and all mo~eys setured hereby. shall beton+e dw aed p+y-
abte }w~hwith, or thereaftcr, at the optiw+ of uid MORTGAGEE, as fully and compie~ety ss if all of tF?e said wms of mon~r were wi~inally stiputated
to be paid on suth day, a~ything in sa:d prom~sswy note w in this Mortgagr to Ihe conlrary nolwithstandiny; and theroupon w thete~fter N tM optwn of
said MORTGAGEE, without notice or demand, suit at law w in equity, thereFore w lherraiter btgun, may be ptosetuted as if all mon~ys tetured hereby
nsd m~tu~ed pt~Or 10 ~tf institutiOn. -
7. That in the eveot that ar rhe beginn~ng of or ~t any time p~nding any su7t upon this Morlgsge, or ro foretlos~ it, or fo reform it, or to Mfotp
paymcnt of any claims here~nder, said MORTGAGft sMll apply to ~he Court ha~~ng ~ur~sdEction thereof fw the appointment of a Receiver, wch Court sMll
icrthwith appo+nt a rece~vqr of said mortgeged prope~ty all and singvla~, includmg aq and singula? tlk irKOme, profits, luws and revenues from whatever
source derivr~, each and every of wh~ch, i~ beioy expreuly undersfood, is hereby mor~gaged as if specifiully set fath snd described in the 9raetinp and
F.abendum cfauses hereof, and such Receiver shall have atl the broad and eiiective funct~ons a.~d ~ovrers in +~ywiu e~+trusted by a Co~?t to s Receivar, ~nd
::.ch appointrrKnt shall be made by s~ch Cou~t as an admitted equ~ty and a matte? of absolute right to said MOR?GAGEE, and without refersnce to 1he
edequacy w inadequacy oi the vslue of the property mortgaged or to rhe savency or ~nsotvency of ss~d MORTGAGOR w fi~e defer+da~ts, and that such
renfs, profits, income, issues and reveouei shalt be applied by such Receiver according to the lie~ or equiry of ~aid MORTGAGEE ar~d the ptactice of such
Court.
B. To duly, promprly snd fully pe~form, discha~ge, execute, effcct, comptete, con:p~y with ~nd abide by each and every the sY~pvlatiora, ~greemenq,
condit~ons and covenanti 7n u~d pcomiuory ~ote and th;s mortgage set forth.
9. That in the event the ow~e~ship of 1he mortgaged pramises, w any part thereof, becort~es vesfed in a penon other than the MORTGAGOit, th~
ti~.ORTGAGEE, ies succeuors and assigns, may, withaut notice to the MORTGAOR. deal with such suctessor d successor in interest with~ referente to thia
morroage and Ihe debt herelsy setured io the same ma~ner as with Mortgagw w~thout in s~:f -riay iii:ati~g a discharging the Mwtysgors' liability here-
~nder os vpon the debt hereby sccured. No wle of the premises hcreby mortgaged end no (orbearante on tht p~rt of the MORiGAGEE a in wtteswrs
.~r assigns and no exte~sion of the time fw tF~e paymenl of the deb~ hereby secured given by the MURTGAGEE or ib wccessors or auipnt, sMll operate
ro re~ease, d~xhar~e, modify change or affect the original liao~i:q of ihe MORTGAGOR here~n, either in whole a in put.
10. h is specifically ag~eed that time is oi the esxnce of this cont~act and that no wsiver of sny oblyat7on hereunder w of tM obtiyatan se-
cured hereby shall at sny time thereaher be i+eld to be s waiver of the terma hereot w of the instrument secwed herby.
11. In add:tion to the forego:ng monthfy payments of p+i:+c pal and interest requ~red by the promissory ~oie secured hereby, mortgagw eove~ants
and agrees to pay to mortgaqee with each monthty payrnent an add~rional sum esttmated by mortgagee to be equal to 1/12 oi the annual cost of the foltow-
~r.g:
A-AII real property laxes levied or assessed agai~st the above descriyed real. estate. ~
B-Premiums on fire artd windsto.•m inwrar.te as herein requ:red to be carried on the improvements situate on fhe above deuribed premises.
C-Prc~nivms on such mortgage guaranty ~r.surar,ce as'~norrgagee shall from t~me to time deem fit fo c~rry on the losn secured hereby.
Mortgagee shail from tiru to time nor~fy rr.ortgagor in writing of the amount due and psyable hereunder and suth wm shall tFxreupw~ be due and
; ayab:e on the due date of ~he next monthty paymem and each successive momh rhereaiter urtil mortgagee shall ootify mortgagor of a charge in such
a-~ovnt. Such sums sF.atl be appt:ed by mortgagee foward the payment of real prope.ty taxes, irourance premiums, snd mortgaye guaranty i~urance
p-emiums.
'I IN WITNESS Y~HERcO~, the sa3d MORTGAGCR has hereumo set his hand and -seal the day and fi~
~ Signed. Seated and defivered in the preunce of: f~p ~iU ~~~9~lDfa
~ - fT.lklt~s. ~i3~ITi fl~. q
fsLv'%~ = ~i'+R.'~~..~~
c«~~ ;,wr t~ •n
r ' _ RtC9F' ~~RtF1~0 t5e+q
Auc 1~ 2 3~ PM'75 °
SSAiE Of FLORIOA ~
SS-
~ COUNTY OF S+ i++~`~ e
Befwe me personaily appeared T~ B. Ba 55 ~
argare . ss
_ ha wife, to me well known and krww~ to me to bs
rhe ind;vidua~~ described in and who executed the foregang instrument, and ecknaw{edged bsfore me that they executed the same for the pvrposes
ri,erein expressed. Md the sad Ma rga ret N, Ba SS
r,~fe of the said T@d B. BaSS _ ~pon a sep~rats and pinab
EidTklWTIOf1 by me taken separete arsd apah from her said husband, adcnowledged to and before ms that she executed ssid instrument freely and volun-
rar~ly and wrthout any compuisan, constra[nt, apprehension, or fear of a from her said husband.
WITSVESS my hand and offic~al seal this- ~ 2$th day of Au St ~ p. 19 . 7S
ry Public in and for the State of Florida at larpe
~ M Commission expires: ~
Return To: ~ ~ ~
First federa! Savings 3 Loan Association
~ Of Fort P;erce.
~
Fort Pierce, Florida •~`l~~r ~utf'~ ~~~~i`f,~
~ ` r'rYy - •
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~~~~b,r~I~: ~
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- r~> >r ~\Y
-y :.~~b '~~9 ~ Y~ =
This Instrument Prepared By J• Hal Roberts~ Jr p, ; _
First Federal Savings b Loan Association / O~:
of Fort Pierce, Florida ~~~y u''
-i p j ~
Checked B 803X 243 ~~f i~''•y.~r•; V • '
~ y ?~~r,~f b',~;~ ~";~c `
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