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HomeMy WebLinkAbout1975 To p~sc~ s~d continuously keep on ~he bui:di~~s now o~ hereafter ~~tua~s on sa~d ~anJ and on all eq~ipner~t and perfonaHy covered by 1hi~ matg~ ~ eqe, with all p~emium~ thereon pa~d i~ iull, fire insur~nce in tM ~~ual s~andard `;olicy form, in • sum approved by IM MORiGAGEE, a~d windsto~m ~n:vra~ct in ~h~ ~sual ~tandard po~~cy form, in a aum approvcd by the N10RTGAGEE, in ~uch compa~y w canp+mes ~s tM MORiGAGEE may d~rect; ~nd all fire and wind~to~m in~urance poticies on aoy of said build~ngs. any interes~ the+eln or part ~hereof, in tM aflg~eyNe ~um aloresaid w In•exc~si Ihereoi, ~hall con~ai~ the usvel standard mwtgagee cSause a wch o~her ctause ai the Nb+~gagee may ~equir~, maAinp ~ha loss unde~ ta~d poli- c~es, each and overy, payab!e ~o seid MORTGAGFE a~. ~t• interest mey appear, +nd each a~d every such pot~cy shati be promptly at~ gned and delive~ed ~o eny held by said MORiGAGEE as fu~the~ iecv~~ty ~o sa~d mortysge debb and, ~w~ ~ess ~han ~en (103 davs in advance of the expira~~on of each poGcy, 1o dr I~~er to said MORTGAGEE s renewal thereo(, toge~htr with a ~eceipl fa the prrrnium o1 suth renewal; and there thall bs no fire or wi~xls~o~m insu~+nt~ placed on ~ny of s~id buildings, any interest Iherein w p~rt the~eof, unlea: ~n the form a~d with ~he lou payable as afwee+~d; and ~n the evenl sny sun+ of monsy becomes payable unde~ such pol~cy or pol~ciei said h10RTGAGEE shatl Mve ~he opnon to receive and apply the sart?e o~ account of tM lndab~ed- ness secured hereby a ro pumit sa~d MORTGAGORS to receive and uie it a any_ par~ the:eof to~ oiher pvr~wies, v.i~hout tha+eo/ wa~~in~ or ~mpa~r ing any equity, lien si9ht unde~ a by virtue of this mortgage; ~~d in Ihe event said MORTGAGORS shall for any reason tail to keep the ~aid premiset so ~~sured, or fail ro deliver pranptly any of said poGcies o( iniurancs to aaid MORTGAGEE, u fail promptty to pay fully ~ny prem~um lherefcv a in ~~y respecl (ail Io paform, discharge, exctute, effect, complete, tomply with a~d abide by ~h~~ tove~ant, a any part hareof, said MORiGAGEE may pl~te a~d pay fw s~:h insurance w eny part th~eof withoul waiving w affectiny any oplion, lien, cquity, w right under w by virtut of Ihis Mwtgage, and the f~~l amount o( each and every such payrnent shall be immediately due and payable and iha~l bear interest (rom Ihe da~s thereof un~il paid sf the rats ol n~:~e pe~ temum pe~ annum and toaethe~ with such intrrest shail be set~red by the lie~ o( this mortgage. ~ 1. To permit, commit w sufier oo wasts, impairment w dEter~or~Yan of said propery w any p~~t the~eof• S. To pay all and singulsr the costs, charges snd expen~es, including a reasonable anwney's fee and costs of absuacri of fitle, incu~red a paid at any time by uid MORiGAGfE, becavse a~n the event of the failure on the part of the said MORTGAGOR to du~y. promptly ~nd f~lly perform, d~uharge. execute, effec~, complete, compty wa6 and ab:de by each and every ~he ~tiputaf~ons, agreements, conditions, and covenants of said promissory nore snd this .~~urrgage any or either, and sa:d costs, charges and expenses, cach and eve~y, sha~I be immed]ately due and payable; whelhe~ a not there be .~~:ite d~ mar,d, atie+npt to collect or suit pend:ng; and the iull amoun~ of each and every such payment shali bea~ interes~ from the date thereof until paid at the r.~~e of nine per crntwn ~r am~u,n; a~w' .,ii aaid ws~s, char9es and eapenses ~ncurred o~ pa~d, together w~th suth interest, ihall be setured by the lien o( thi~ morlgage. 5. Thst (a) in the event of a~y breach of this Mcwrgage or defaul~ on the part of the MORTGAGOR, w(b) in the event ~ny of ta~d s~ms of money herein referred to be not pro~nptly and ful~y paid within th~rty (30) days nexl aftcr the same severa:ly become due and payable, without dertwnd w not~te, cr (c) in the eve~t each and eve?y the stipulatio~s, agreements, conditions and covenanes of sa:d promissory note and this morrgage any a e~?her sre not i~ly, promplly and futly perfwmed, d~scha~ge~, executed, effectrd, cor.ip~eted, compt:ed w~rh and ab~ded by, then in e~ther or any such evtM the sa~d a~ g~~gate sum mtntioned in said promisswy note Ihtn remaining unpaid, witt+ interesl acuued, and all moneys secured hereby, shall become due and pay- ab'z forthwith, w therea{ter, at the option of said MORTGAGEE, as fully and comp;etely as ii all of the w~d wms oi money were originally stipvlated to be pa~d o~ svch day, any~hing in sa:d pro:nisswy ~ote or in this Mwtgaga to the contrary notwithatanding; and thereupon or thereafte~ at tha oplion of s~!d MORTGAGEE, without notke or demand, suit at I~w w io equity, thereforo or Ihereafter begun, msy be prosecuted as if all moneys secured hereby r.:d matured pnw to its inst~tut~on. 7_ That in the evenl that at the beginning of or at any time pending any suit upon this Mortgage, w to foreclose it, or fo tefotm i1; or fo en{wte pa. meN of any c!aims hereunder, sa~d MORTGAGEE shall apply to the Court having ~w~~d:c~ion lhereof 1or the appointment of ~ R'eteiver, svth Cotrrl sh~ll fo:t%,hith appoiN a receiver of sa~d mortgaged pro~::ty all and s~ngular, inci~dng aIi and s~ngular ~he intome, p~ofits, iuues and reven~es from whatever s~.,rce derived, each and every ol which, ~t beirp expressty understood, is he-eby m.ortgaged as if spec~ficaily xt fwth and deuribed in the granting and h3bend~m clauses hereof, artd suth Receiver shall h~ve atl the b~oad and eifecrive fucc!,ons and powers in anywise entrusted by a Courf fo a Receivd, and s;ch appointment shall be made by such Court as an zdriitted equity and a maner of absolwe righl to said MORTGAGEE, and winc~ut reference to the a~eyuaq or i~adequaty of the vatue of the property mongaged w lo the so:vency or ~nsoivency of said MORiGAGOR d the defendaMS, and that such re-~rs, profits, income, issues a:xl~revenues shall be appGed hy such Receiver atcord~ng +o the iien or equity of said AhORTGAGEE a~d the practice of such Ccurt. t 8. To duly, pramptty and fully perform, discharge, execute, effecf, complefe, comply wilh and abide by each and every the stipulationf, sgrcementa, + .ord~tions and cove~ants ~n sa~d promissory note and th~s martgage set torsh. 9. ihat i~ the event the ownersh7p of the mo~tgaged pren~ises. or ar.y part !hereof, becomes vested in a pe?son other fhsn ihe MORTGAGOR, the Y~RTGAGEf, its successon and ass~g~s, may, wi~hout notice to the Y•OR7GAOR, deal with sucfi successor or successa in iMerest with referente to this r; o•!yage and the debt hereby sec~red in the same manner as w~th Martgagor without in any way vitiafing or dixharging the Mo~tgago~s' liabilify hera ~~cier w upon the drbl hereby sewred. No sa!e of ihe premises hereby mo~tgaged and no lorbearance on the pan of the /dORiCaAGEE w its successors ~ ~ c~ a<_signs and no exte~sion of fhe hn?e fo~ thn payrr•em of Ihe deb! hereby secu•ed given by the MORTGAGEE or its sutcessors or assigns, ahall operate ro re~ease, d~scharge, modify change or affect the orig~na! liabi~it~ of ~tx M.ORTGAGOR here~n, either in whole or in parl, i 10. tt is speuticafly agreed that time is of the esse~ce of this contract and ~hst no waive~ of any obligation hereunder or of the obligatial sr c~red h.reby shafi ar any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. I1. In add:t~o~ to the ?orego"r,g monthiy paym~nrs of princ'pat and interest requ~red by the prom~ssory note secured hereby, mortgagor tovenanis a•~d agrces to {wy to mortg~gee with each monthi~ payr~:ent an add~rionai svm est~n~ated by morlgagee to be equal to 1%12 of the annuaf cost of the follow- ~ ~ _ . A-All real property ta,cas le•,ied or assessed d93cS5~ thc aF,ove described real estate. B-Prem~ums on fire ar:d windsrorm ~nsurar.ce as nere;n requ~red to be carried on the improveme~ts situate on the above described premises. C-Premioms on svch mo:tgage guaranty in:vrance as mor~9agee shail from t:me to time deem fit to carry on the loan secured hereby. Mortgagee shatl from t~~ne to ~ime notify n,or~gagor e~ wrft~ng of the amouN clue and payable hereunde? and such sum shall therevpon be dve and .;-+6!e o» the due oare oi the next momh!y payment and each svtcessive month thereafter ur.til mortgagee shall notify mortgagw of a thange in such i o~;nt. $uch sums sF.ail be appiied by mortgag~e toward the payment of real prope~ty taxes, insurance prem:ums, and mwtgage guaranty insurante i ~ ~ T.I:JT3. IN \VITNESS WHEREOF, the sa~d N~ORTGAGOR has he.eu~to set his hand and seal fhe day and year first atoreseid. j ~ S~gned, Sealed and elivered in the presence of: ~ ~ i ~ ~ v ~ ~ ~ " _ ` ' 0 _ Witnesses 4 ` e ma B. ~ ~lhite ; _ - ~ ~ x sr.aT~ oF F Wes Virginia ~ ~ ~ ss. ~ ~ ~ur~~r oF ~ i Befwe me personally appeared Albert H. w~'llte a~ i •-z, Thelma B. White _ h;, W;r~, to me well known and known to me to be r%:~ individuals desuibed in and who executed the fwegang instrumeM, and acknowledge~+ fore me that they executed the same for tFx purposes rF.:•<in expressed. And thp said Thelma B. White +,fe of tfw3;'~"""~~• Y Albert H. {~~llte upon s sepaiate and priwte _.,m~nat:.Q~;~jr . ~i}Fn• yfparate and apart irom her said husband, acknowledged to and before me that she executed said instrummt freety and volun- ~~~::y and'witliput~~~,~~fa~rlsion, constraint, apprehension, M fear of or from her said husband. ~ Se tember 75 Y~1TN66S rriy hsAc} at+d'9ffic~al seal this 2 day of P A. D. 19 _ , . ` ~ ~ f~~~Q MyR ~ Notary Pu in and fw the State of ~ larye S.~'• y' ' • ST. CUCi UNOY FLA. My Comm ion expires: R , ~ Lo _7 ~ ~dl~'est~rginia ~ ' ~ R~~c"; ?9~ ~ RAS ~ F~rst~~e~eh~~~loan Assoc~at~on CLEnK ;,.::~(;!T COl1RT ~'~F~~~t`V~erce. aFl:~c;', ~zyfr.~~ ~ fort ~ierce, Florida ~ SEP J I 4 04 S 31~~f 1 This Instrument Prepared By Richard K. Kayes First Federal Savings & Loan Association 0 ort Pierce ~ Florida Cnecked eo~x 243 P~cE1975 ' . ~ ~t ~ ~ - r ~ _ < , . _ _ _ - - _ . _ _ - '~'.'u~s - ~t ~ Y'~"~ ~ i ~y _ Y~ a ~ . x.. -....'C.~';%S /^L~„'_;~~ ; . ~-G;s.`~,^ . . .