HomeMy WebLinkAbout1207 3. To pl~c~ and ton~iouou~iy ktep on iM bui!d~nys now or hereaftm ~itue~e on said f~nd and on alt equipr.ae~ and pMwnally cov~r~d by thi~ matg
age, with ~II pnmiums th~reon pa~d in (u14 fin iniurance in 1M u~usl sundard polity fo~m, ~•~um app~ovd by tM MORfGAGEE, ~nd windstam
~nsuranc~ M the uswl ~~andard polity fam, in • sum approrsd by tM MORTGAGEE, in wth tomp~ny or tompaniss ~f 1M MORTGAGEE rr?~y
d~recrj and all fin snd w~ndswr~n inw~anc~ policiei a? ~ny of said bvild~nQs. any inter~it IMr~in or p~?t therwl, in tM ayprey~r~ wm +tw~uid w
w
in excass lhereof, shal) contain ~M usu~I ftandard mor~gages cl~vs~ w such aher cl~us~ as IM Morfpage~ maY rpu~~~, m+kirq Ih~ Iws ui+der ia~d poli-
c~es, each ~nd avery, p~yable to said MORiGAGEE as ~b interr~l may appea~, and cach and every sucA po~icy sh~ll b~ prompHY ass.9^rd and d~~~ve~ed ~o
~i ~s~ 4!pQ~GAGEE a~ f~~~w! ~eturity ~o said mwlgag~ dcbt and. no~ Isu ~han t~n (10) dayt in advar+c~ of tht ~xp'uatan of e~ch pol~cy, to de-
t~ver ~o taid MORTGAGEE a renewal therrof, io~e~her with a receipl For the promium of tvch rtnewal; ar~ IM+~ iMli b~ no ~u~ a+ w~^a~~aM ir?~vi~~SCi .
pl3ced on any of faid buildi~?p~, +ny imersst therein o~ pa~ ~hereof, unle~s in ~he form snd w~~h ~he losi pavabl~ +s atwa~id; aed in tM ~v~nt any ~wn
of money becomes payab~e unde~ ~uch policy o~ policies said MORTGAGEE shall Mve ~hs op~wn ro r~c~ir~ a~ apply tM same on +ccouM o( tl+~ i~+d~bted~
ness secured hereby a ro pe~mir sa~d MORiGAGORS ~o rece~vo ~nd ufe it Or aey part thereo( fw othc~ purposes, w~~houl Ihareb; waivi:~g ot ~mpair•
~„y e~~~ nyu:t~, i:an ar r;ght ur3er o: virtue of ~hi~ me•+g~ge; snd ~n ~h~ wvMt N;d MARiGAGORS shafl fw any reawn fail to keeP the iaid p~emises a
insured, or fai) b deliver promplly sny of said policie• oi insurente to said MORIGAGEE, or fsil promplly to pay iulty any premium therefw w in ~nY ~
respect fail to per(orm, d~uharge, execu~e, effect, comple~s, compl~ with and ~bide by th;s covenant, a any part l+e~eof, said MORTGAGEE may place and ;
pay fw such iniurance w+oy p+n lhercof without waiving a af~edin~ any optPon, lien, equ~ty, w right under a by vi~tw o( this Mo~~ga9e, and the ~
f~ll amovnl of esch and every s~ch payment shall be imm~,~d~ately dve and payable and shall bear intere~~ trom the date thsreof uniil paid at tht r~N o1 ~
n~ne per cenwm pe~ ann~m and togrthm with such interast shall lx secured by the I~en o( th~~ mwtgage.
To ps~mit, commit or aufFer no wairs, impairment w deteria~stio~ of said property or a~y part lhereof. ~
5. To p+y ell and singulu the cwts, charges and expenses, indvding s reaw~able ana~ey i fee ~nd cost• of abstr~cts of tit(i, wxur?ed a paid at i
eny time by said MORTGAGEE, because or in tF+e event oi the failure on 1he part of the taid MORTGAGOR to duly, prampUy ~nd fv~ly perForm, d~uMrge. ~
e,ecute. eifed, complete, comply w~th and ab:de by each snd every t!?o siip~lat~ons, agreements. conditio~s. ~nd rnvenanK o( uid prom~ssory note and ~his ~
morrgage any w eirF~cv, and sa~d costs, charges and expenses, each and every, shall be immedi+tely due and pay~ble; whether w ~ot the~e t1! fWtiCf d? ~
mand, attempt lo co~lect w wit pend~ng; and the full amount of each and every tuch paymrM ~hall bsar i~tereat fran Ihe da~e thereof until paid at th~
.orr of nine per ce~tum per annum; and a1t said ccsts, cha~ges and expenses iocu~red or paid, together w~1h tucfi iMt~sst, ihal) be setured by tla liee~ of thu
mortgage. '
Q That (a) in fhe event of any breach of this 1414o?tgage or defauft o~ the part of the MORTGAGQR, a(b) in the event ~ny of fa~d sums of nwney ~
here~n refer~ed to be not promptly and fully paid within Ihirty i30) days next aiter ~he same uverally become due and pay~bl~. without derrwod o? notite. i
or (c) in the event each and every the stipuiations, agreemcnts, cw+ditions and covenants of sa:d p~omiuay note and th~s mortpa~~ any a eithet aro no1 F
iuly, promptly and fully perfa~ned, d;uharged, exrcuted, effected, complered, compl~ed w~~h and abided yy, thet+ in either o~ any suth ew~t tM sa~d ag
~regafe wm mentioned in said promisswy note thrn remaini~~g unpaid, with interrs? accrued, end afl moneys setvted hereb~, sMll betwn~. dw e~d pay-
ab~e forthwith, w ~herrslter, at ~he oprion of seid NtORiGAGfE, as fully and comple~ely aa if a~l of ~he said sums of money we~e orginally st~pulated
to be pa~d on such day, a~ything in sa:d prcm~sawy note or in this Mortgage to the con~rary notwithslandN~y; snd thereupon or thereafter at the option of
s~Id N~ORT6~GEE, w~thout notice or demar.d, suit at law or in eqwty, therefore or thereatter begun, may be prosetuted ss if sll moneys iatvred hereby
n~d matured pr~w fo its irulitution.
7. That in the event thal at the beginning of o~ at any time pending any suit upon th~s Mwtgsge, d to foreclos~ if, w b ~~form it, w fo enfoK~
payment of any daims 1+ercunder, said MORTGAG,E sha:l apply ro the Gourt having ~u~~sd;aion thereo} fa the ~ppoinlmenf of ~ Retaiva, wth Gour1 sha~~
i r±hwith appoint a recerver of said mo+tgaged property all and s~ngular, inciud~ng a!1 and s~nq~iar the income, profits, issues and ?evenues from wMteve~
s_ :,•ce derived, each and every oF wh:th, it being express~y unde~stood, is hereby mongaaed as if speulitally set fath and desttibed in the y~antitg and
h~~endum clauses herrof, and such Rcceiver shall have atl the b+oad and effective fu~~c!.ons and powers in anywise entrusted by a Court fo • Receive~, and
s. ch appointment sha11 bc made by such Court as an admitted equity and a natter o( absolute right to said MORTGAGEE, snd withovt rei~rerxe to the
a~feq~acy w~nadequacy of the vaiue of fhe property mortgaged or ~o the w:ve~cy or u~.o~vency of said NWRT6AGOR a the defenda~ts, and ~hat such
~~~s, proti!s, er.cczx, iasues and reven~.~es shall be app6ed by such Qeccivcv auord~ng to the tien or equity of said MORTGAGEE and the prxtlca of such
Court.
S. To du'y, prompt!y and iul~y perform, discharge, execure, effect, comp~ete, ca~~ply with snd abide by each snd every the stipulstions, agreementt. ,
cond~~~ons and covenanta in sa~d promissory note ar.d th:s mortgage set fwth. ~
9. That in the event the ov~nership o4 th~ mortgaged pre~~ues, a any part thercof, 6ecomes vested in a person othe~ than the MORiGAGOR. 1M {
M.~RiGAGEE, its successe~s and ass~gns, may, wifho~t r,or.ce to the ?AORTG~OR, deai w~th such successa w sucteaad in interest with reference to this
~~:u•~gage and the d_bl hereby secured in the same manne~ as v~~th Morrgago~ w~thaut in aoy way vitisting a d~xharging tF+e Mortgagori Ifability herr ~
~r.d^. w upon the debt hereby secured. No sale of ihe premises hereb~ mortgaged and no forbearante on the part ol the MORTGAGEE or its suctesson i
c~ ass~gns and no ex:ension of the tin,e !or tix puymrnt of the debt hereby secured given by Ihe MORiGAGEE or its s~tccessors w sssigns, ~hall operat~ ~
io re!ease, d~scharge, modify char.ge or affect the orig~nal G~F~:{Ry of tix M.ORTGAGOR herein, either in whole or in puf. ~
10. It is speuficaily agreed that time is of fhr essence of this contraU and that no waiver of any obligation hereundet or of the obligation se- f
c~red hereby shati at any time thereaher be heid fo 6e a weiver of the terms 'rKreoi a oi ifie insUU~nent setured herby. j
I 1. In add~tio~ to the {orego:ng monthly paym~_nts of pnnc pal and interest requ~red by ihe promissory note secured hereby, mwfgagw tovenants i
>~.d agrees to oay to mortgagee with eath mOnth~y pa7i::en! an add~~ionai sum eet~:+,ated by mwtgagee to be eqval b 1/12 of the a?u~wl cost of the fol{ow-
~
A-All real property taaes le~eied or assesseci aga~ st the above desc.~bed real estate. !
B-Prem:u~ns on fire and windstorm ~nsurar.ce as herein rrqu:red !o be carried on the ~mproveme~ts situafe on the above described premises.
C-Premiums on such mortgage guaranty insurar~ce as nwrtgagee she[I frcm t~me to time deem fit to carry o~ fhe ban secured F?ereby.
Mwigagee sha!i from time to tim.e no!ify mortyagor in wrii~ng of the amount duc and payaWe hereunder and such Sum shall Theroupon be due and ~
.~,b!e o~+ the due date of the next monthiy payment and each successjxe~onll+ thereafter ur,til rtwrtgagee shall notify mwtgagor of a change in such :
~ x ~
:-.o~nt. $uch sums shail be appEied by mortgagee toward the paymeM of real proFxrty taxes, inaurarxe prem:ums, and mortgage guaranty iosurance ~
~ ,..t,,,i~ms. '
IN YJITNESS WHEREOF, thz said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid.
~ Sig~ed, Sealed ar~d delivred in the presence of:
~ FILED ~M~J RECOi1DE0 q
i St.IUCI€ ~OUNTY FLA. j,
ROC:~ FO~TRAS ~ ~
~ CIERK Gi~CUI? COURT q
~ _ RECnR' 'iE~ir~~~ Saa~
~ S'AiE OF FLORIDA ~VC~p! ~ 'O OO ~1`'~~
~ ~;~UNTY OF St L~~r; P 1 3161~ -
Before me personally appeared James R. Ra 1 ston ' .,,d .
' Deborah E. Ralston his wife, to me well known end known to me to be
rhe individuats deuribed in and who executed the fwegoing instrument, end acknowledged before rta thst they executed the same fw the purpos~s
rhere+n expressed. And the said i~~rah E~ R~,1 ~+AII
r~~te of ~he ~~d _ James t?. Ralston upcn a separde and priv~b
~~~ymi(Id110(1 by me taken separate and apart from her said husband, atknowledged to and befwe me fhaf sha executed said instrument freely and volvn-
and without any compulsion, constraint, apprehension, w fear of or from her said husbartd.
WIiNESS my twnd and official seal th~: 2na dsy of S~pt~ber a p. 19 75
otary Public in and for tFie Shte of florida at larye
y Commiuion expires: / ~ ~ /
Ret~rn To: d
First Ftderal Savings S loan Aasociation ~
Of Fort P:erce. ~ ~ ~ 1 T
Fwt Pirrce, Florida ?
' ~ .~~~....t~;. ,
, _•.;y;
• ~ #8.-j : YZ:
;
~ : ,:,~~7 ~ -
_ : : .
- ' Y =
'
This Instrument Prepared By J, Hal Foberts, Jr. '~=•-r G0=
; y : ;
First Federal Savings & Loan Association = ~ ~ • b. • ~
of Fort Pierce ~ Florida 33450 O~,
,~~.0!~~~~•...H'~~ G
~
Checked By ,,'~~~''~i~~ ~
~ .
eoox 243 PAGE 1207 + ~
r-
4 ~ ` SA
~ ~ -
- ~ - - - - - - - - - -
~ti-