HomeMy WebLinkAbout0692 To pl~a ~nd cominuovsly k~ep oo ~M buildir?pi now`Q~ FN~NNN M?WI~ WI Nitl IMlI ~ Of. ail equ+pmen~ u~d penonatly oovK~d by thi~ mortp~
sp~, wi~h ~11 pr~miums thaeon paid in fuli, fi~~ liuw~nu in ~ht uwal tt~ndud poticy form. in s wm +pprowd by th~ MORiGJ?GEE. u?d windatwn~ ~
inwtanc~ in tM uswl iut~d~rd poliq fam, in a swh ~pptov~d by 1M /MORTG/1GEE, in suth company o~ tompae?ies q tM MIORiGAGEE may
dirM~ ~+d all tu~ and windston?+ hnwanu polkie~ on ~ny oi said buitdu+ps. irly 111iNqt iF~t~Nll 01 piH ~I1tfWI. in tM aypre~~q w~ afp~id or
in ~xc~ss ther~of, sMll conain tF+~ viwl standud ma19pN claus~ w wch o~hN dauie ~s tM Mat9p~ enay ~pu~n. m~kinp 1M las unda aid po1F •
u~s. ~ach ~nd ~wry. p~YabN ro taid MORTGAGEE a it~ inre~e~t may app~a~, and each and every ~~ch policy ~h~ll b~ promptly •u.yr+ed and d~l~va.d ro
•ny iKld by said 1NORTGAGFE ~s twthar ~ec~rity to said mortpaq~ debf, u+d, not '.cu ~han t~n (10) dayn in sdwncs of tM txp'uation of each policy, ro d~-
I,ver ro wki MORTGAGEE s renewal tFaraoi, topetMr with a rxeipt for the p~emiwn o( such r~newalt and thH~ ahall be no Pa~ a windtto~m insw~+~c~
plx~d on ~ny of wid buildinps. ~ny imsral MNnin or part ihweof, unku i~ ths form and with tM toss payabl~ as ~Fa~iaidj u~d in tM erent ~~y wm
of mwny b~con?a p~yabb ~nder wch policy w pol~cies wid MORTGJIGEE ~II Mw ~M op~an ro nc~iw and spply tM same m xcou~t oi th~ ind~bted~
nau s~tut~d INrtdy or lo petmit said lY1~RTGAGORS ro rKtivs and us~ N a any parl ~hereof 1or other pwpotes, willaut Ihxeb~ waiving q impair-
Iny anY pviry, li~n or righl under or Sy virtw of thh morlpap~: and in tM tvae~~ aid M~RTGAGORS ~hall fw ~y ~~asw~ t.it to kHp Ih~ said pnmius so ~"r'
~niund. o~ f~tl b d~liw~ prompNr anr of s~id policies of insursnc~ w s~id MORiGAGEE. o~ f~it ~rompdy fo pay fulty any pr~miwn the~~fa o. i~ unr *
?eipect fall to pK(wm, diuAug~. ~xecut~. ~ffect. compl~~e. comply with and abid~ by ~l+7s covenaM, a ~ny pan htrwf, said MORTGAGEE m~y plac~ ~nd
pay fa wd~ inwranq oe anr part tMrwf without w~hiny w affectlnp any option. (ien, puity, or riphl und~r or by vtMw of thit Mortg+pe. ud the -
tutl amounl of ~~ch ud ~wry wch payment shall b~ im~nediaroly dw and payabl~ and shall b~a inte?est irom Ih~ daM thereof umil paid at tM nt~ ol
n~~,e pe~ cantum pK ~nnum and to~ethsr with wch intere~t shall be secured by tiM lien oi this mat~a~e.
1. To pe~mib commit or suffe~ no wut~, impai.ment a de~eriwdia~ of ssid propKty a~ryr pan ther~of,
S. To pay all ~nd sirg~lu tM cosN, chuyes a~d expa?ses, incl~dinp s reasonable ~nanty i fee and costs of absaacts of titl~, incv~d a p~id at
eny time by_ said MORTGAGEE, b~c~vst or in the event of ths f~ilure on the pa?t of tM said MORTGAGOR to duly, promptly ~nd fvlly p~rfam, distharg~
execut~, effect, oompkt~, comply with and ~b~ds by each and every ths u~pula~rons, a~recme~ri, conditiora, ~nd cowr~anq of wid promissory ~ote and tFw
r„orrgape any or ei~her, snd said cosb. cMrpes and ~xpenses, eacl~ ~r~d evsry, shall b~ immediatsly dw ~nd payabls: wMth~r a nW ther~ b~ notip ds
mand, attempt ro coJkd a wit p~ndirpj and tM fvll xno~nt of ~ach 6nd every wch psymenr ahatl bear iMerest frpn IM dat~ tlKr~of wuil p~id ~f IM '
~are oi n3rk per centum per aruwm; and ail said costs, charge: and expanaes incurred or paid, logether w~th such intarett, shall bt secured bp tM Iwn o( thu
mortgape.
6. Thaf (a) in tM evcnt oi ~ny brexh of fhis Morfgag~ or defavll on tM parf of the MORTGAGOR, o~ (b) in the eve~N ~ny of t~id wm~ of ma~
herein ~~ferrer! to b~ not promptly and fuNy paid within thi~ty (30) daya ~ex~ afta ~he sa~?K seva~ally become due and payabl~, withoW demand or notice,
or {c) in th~ ~vent eath arx! every tM stipulations, ~greemenb, conditions a~d covensMS of sa~d promisswy not~ a~+d this mort~ap~ ~ny w ti~h~~. ~r~ nd
iuly, promptly snd (ully p~rfamed, d~xharped, execwed, effectcd, complcted, complied with and a6ided by, tMn in ~ither or any wch twnt tM said sp~
gr~ate wm mentaned in said p?omissory note then remaining u~paid, with interest ~cuued, ~nd all morwys ~aur~d Mreby, shall b~c~ane dw and p~y-
ab!e forthwith, w therrafta, ~t the opeia? of said MORTGAGEE, as fully and completely as ii •11 of the said wmt of naney vwn orqinally atipubted
to be paid on wch day, anything in said promiuwy note a in thls Mwtgage ro the coorruy notwitMtandinps ~nd thawpon w tMreaf~a a~ tM op~an of
said MORTGAGEE, without no?ice w demand, suit at law or in equity, therefore w thereafter be8wy may be prosecuted as ii all ma+ers tecw~d Mreby
nad matured pnor to iri institution.
T. That in the event thst at ~he beginning of w at any time pend'+r,g any tuit ~pon this AAo.tgsge, w to foreclos~ h, or to rofam it, w to enforp
paymem of aoy d~ims hereundar, wid MORTGAGEE shall apply to the Covn hav~ng jurisd~aion the~eof (or the appointment of ~ Receiver, wd~ Co~rt sh~ll
Forthwifh appoint a receiver of said mortpaged property all and sirgula~, includmg a!I and singulsr 1M incoms, profits, issws and revenues from whatever
sou.ce derived, each ind every of which, it being expressty understood, is hereby mor~gaged u if specifiully sN forth ~nd desa~ed in tM yrantinp and
habendum clauses hereof, and such Receiver shall Mve all the boad and effect~ve iu~d~nns and powe~s in anywwe entruseed by a Carn ro ~ Receive., and
s~ch appointmeM ihall be made by such Court es an admittcd equity and a matter of absotute rigM to iaid MORTGAGEE, and withouf flfNQIK~ to the ~
edequacy w inadequacy of ths wlve of the property mortgaQed w ro the so.vency or ~n:oFvency of ssid 1NORTGAGOR a th~ defendants, and that such
renrs, profin. income, issues and revenues shall be ~pplied by such Receiver accord~ng ~o ~he liea w puity of said JNORTGAGEE and th~ practiu of avch
Court.
8. To dviy, promptly and fully psrfwm, discharpe, execute, effect, complete, comply with and abide by tach u~d wery the stip~rlations, agreemenb,
co:,ditiora and covenants in :aid promissory note and th:s mortgsge se~ forth. ~
9. That in the event the ow~ership of the mwtgsged p~emises, w sny psrf thereof, becomes vated in ~ pa?son other fhan the 1WORTGAS'aOR~ th~
~,SORTGAGEE, its succeuas and aui9ru, msy, without no~ice to the MORiGAOR, deal with such wcceua or successor in intaest wifh ~efere~ce to this
mor~gage and the debt Fxreby secured in the ume mannrr as with Matyaga withoul in any way vitiatinp ot dixMryi~g fhe Mott9sgors' li~bility hete-
' ~~~der or vpor? rha deb~ hereby secured. PM sale of the &remises hereby mortgaged a~d no fubearance on tM part of tM MORTGAGEE a its succeswn
or assig~u and no e:~eruion of the time for the payment of the debt hereby secured yiven by the MORiGAGEf w iR suctesiars p sssg~a, sha11 opuat~
ro re!ease, diuhsr9e, mod~fy change a affect the wig;nal lia6ility of the MORTGAGOR herein„ eit}ier in whol~ or In part.
10. It 1s spedfically agreed thst time is of the essence of thii contract and tMt ew waiver of sny obligation hereundsr or of th~ obliyatbn se-
cured hereby sh~tl a1 any time therealter bt held to be s waiver of ahe terms hereof w of the instrument secured herby.
I1_ In add~tia-? to the forego:ng monthly payments of prirx"paf and interest reqvired by thc promiuory nofe secured hereby, mortpagor coven~Ms
and agrees fo pay to mortgagee with each monthly payment an add~iional sum estimated by mortyiQee to be equal to 1~12 of the annua! tosf of the follow-
inq:
A-All real ptoperty taxes kviec! or asussed against the above described real eslate.
B-Prem~ums on (ire and windstorm insurar.ce as herein requ;red to be carried on the improvemeab situate on the above desvibed premia~s.
C-Premiums on such mortgage 9uaraniy insurance as mortgsgee shall from time ro tune deem fit fo carry on ths bsn sec~red hereby..
Mortgagee shall from time to time notify mortgagor in writing of the amount due and payabie hercunder and suth wm shall thercwpon be due u~d
~a•~able on the due date of Ine next monthly payrnent and each successive month thereafier until mortgagee sMll notify mortgagw of s thar~s in suth
amount. Such sums'shall be applied by mortgagee toward the payme~t of real Fvoperty tazes, inwrsnte prem:ums, and mortgage guuanty insurant~
~e•niums,
IN W17NES5 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day ard yeu fkst ~foresaid. '
SEgned. Seakd detivered in the esence of: ~ ~ `
- ' . ~"'£v i• U S'l~~~~~~ ' r~/
TN S ~GER.PO~f~~ , _ v1a orse ~ -
- ~Ol~fiX Ct~C~K
f ITNESS ~4lf.COR~ YERtf:lEfi,.~w..+~ ~n
' - - . ~ ~ M ~P '~-~q
E
SiATE OF ~mm~c CANADA
i !
~ couvn of u e/LK ~ ss.~,t~• 3: l Y
~ ~ t„ e , T, e ~ e n, n, ~ ~ y e a~
e d E. S
Y L
V IA M
OR S
E, A Sin gle Adult
~ - ]Old
~Q~, to me well known and known ro me to be
~ rhe indfvidvsb described in and who executed the fwegoireg instrument, and adenowledyed b~fore me that N~yeexecuted tM same for tM pwposes
S l~
iherein expressed. ~/iw~
~ ~fe-oF~Fw-ssi~
a.~arniwitiow~by.aw.aaiw~.s~/~.aN-a~wd ~q ~iisiw -ircr~siA 1~esbie~+d -~du~oi~ledged W snd ~efE1~ 11~ 74~t-~M. w~arUi ' r~-rNr~ -
~ :a+ff~r wa.witi~o~r~ ~?p twwpu~+iKrr eo~r~rintr ~ppeehensloer,r f~ese-ef-t~ iratr her ssMi~o~nd- - .
~ WITNESS my 1»nd and of(icial se~l thi: ~S~ d~y of Au St A.°~,r-19_=75
~ -
. „Y.
p
i L~~' !'s
i ' Motary PuW' m fw ti~ , /D
E My Commiuion ~xp'ues. ~i N ,I! 014
; Return To: ~ ~•S~ ~o /t • ~ : ~~h~i„~
Firs1 Federal Savirtgs b Loan Associaton .1' ~~I~ • =~~5 :i~S~_ • ~
~
~ Of fort P~erce. ~ ~ ~ - ~ r
~ Fort Pierre. Ftwida j'-'~', ~ ~
~ ,
f:•~ ~ `~i?tYQ ~ , i ~ ~
~ - ~ 1 ~
? This Instrument Pre red B s~~~~
~ F~ Y J. H01 Roberts, J1 . ~
~ Fi~st Federal Savings b Loan Association ,
~ of Fort Pierc~ Rlorida
~ Checked By ~ 600K PA6~ s
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