HomeMy WebLinkAbout2283 3. To piac~ and contenuously ksep on ths bu~ldu~yf now cx herea(~H ~iws~~ on tia~d laod ~nd on ail eqvipnent ~nd ptnonally tovued by thit mo+1p~
~g~, witA al) premium~ tMreon paid in fuil: fire ln~uranc~ in 1h~ usual itandard policy fwm, in ~ wm approY~d by 1M MORTGAGEE, and wir.~torm
insur~~c~ in tM usual sundud pol~ty iam, in • su~n spprnv~d by tM MORTGAGfE, in ~uch company w companies u 1M MORTGAGEE may
diredj •r+d all 1ir~ and wind~twm insurancs policie• on •ny ol said buifd~np?, any iMer~st therein o~ p+~l Iher~of. In ~hs ayprsyare sum ~fa~u~d w
In sxcea thereoi, ~hall cont~in tM uswl itandard matge~~~ ctaus~ a such otM~ ciauw af tM Ma1y~gN en~y rpui». maMirp 1h~ losf undM f~~d poli-
us~, each ~nd ev~~y, payable 1o seid MORIGAGEE as ils imrrrtf may app~a?. a~tid eacA a~d every ~uch Po~~cy ihall b~ prompNy ~u.g~xd a~d de~iversd ~o
~ny held by said MORTGAGEE as furthN security to s~id morlpage dcb~, and, not Iru tha~ ten (10) dayt in advance of the expirat~o~ ol esch poliq, ~o d~-
I~ve~ to uid MORTGAGEE a renewal tMreof, topetFur with a receipt fo~ the p~e.~~um of tuch ren~wal; and IM~~ ahaU b~ no f'us o~ wind~tam inswanc~
plac~d on any of iaid 6uik)~np~, any in?er~s~ the«+n or pa~t thereof, ~n;eu in ~he form e~xl wi~h tM lou payablt as •fatsaid; ~nd in ~M •wnl any wm
of nw~y becomN payable under such policy ar policies said MORTGAGEE shalt haw ~hs op~wn ro receive and ~pply tM same on ~ccourt~ of tF+~ indeb~sd~
neu secu~~d hareby w ro permit ia~d MORTGAGORS to r~ceive and uss it w any par~ ~f~~eof tw othc~ pu~poses, witlwut iho.Eb~ wai.ing a~mpein
~ng a~y eq~Iry, lien a ri9M under w by virtw of ~his mo:!page; ar+d in the evem ~aid MORTGAGORS ihall (a sny rtason fail to keep the uid prtmi~e~ sO
insured, w(ai) to deliver promp~ly any of said policies of i~~u~snt~ to u~d MORTGAGEE, a(eil promp~ly lo pay fully ~ny pr~mium ther~fw or in any
~espect (ail ro pafarty d~scharge, execute, effect, compfete, compty with and abids by this tovenant, o~ ~ny put F~sr~oi, aaid MORTGAGEE may plats and
pay fo~ such insuranct or any part 1Mreof without wsivinp w ~tfecti~p a~y opt~on. li~n. equity. w righl under p by virfw of this Ma19ag~. ~nd the ~i ~
t;;ll ~mount of each and ~very tuch p~ymenl shall be immedi~tely due and payabl~ and shall basr intere:l from tM dat~ thereof until paid ~1 ths raN ol
n~ne per centum per annum and to~e~her wirh such in~e~e~t shall tx secured by the lien o1 thts mwtgsge.
1. To permit, commit or su(fer no waste, impairrtxnt or deteraration of said property w any parf 1hHaof.
S. To pay all and tingular the cwb, charges and expensas, includ~ng a reasonable •norney's te+ and wsts of ~bstradi of titls, i~cvrred p p+id al
any fime by wid MORTGAGEE, because a i~ the event of the la~Iure on ~he par~ of ~he said MORiGAGOR to duty, prompely and fully per(wm, d~scharge, ~
raecute, etfett, tompkte, canply with and ab:de by ~each and every the s~~pv~anons, agreements, co~ditioru, and covenants oi said pranissory note aod thu
mohgaqe any w e~ther, ~nd sa~d costs, chsrgea and expenxs, cach and every. shaN be immediately dus and pay~bl~; whetAer or no~ ther~ be ea~ice d?
mand, at~rmpf ~o coltect w suit pa~d~ng; and the full a~nount of each and every wcA payma+~ shall bea. interest from ths date thtreof ~mil p~id tl tht
..,re of nine per cemum ~r annum; arw all said costt, charges and expenses ~ncurred a paid, togetF~er wdh such interest, thall b~ s~cured by the INn of thi~
matyaye. .
6. That (a) in the event of a~y breach of this H4oregage or defautt on the pa.t oi the MORTGAGOR, or (b) in the event ~ny o( s~7d sums of nwney
herein raterred to be not promptly and lufly paid within ~huty (30) days nexf after the same severa:ly become due and payable, without demand a notice.
or (c) in the evero each and every the stipuiations, agreement:, condtrions snd covenan~s of sa,d prone~ssory note snd th~s mortpage ~ny a ~ither are ~wl
~~ly, promptly a~d lutfy performed, d~schargcd, eaetuted, efieaed, cwnp!eted. comp::ed w~th and abided by, then in e~ther o~ any suth eveM 1hs taid ag
,~regate sum mentioned in said p~omissay nore thm ~emsining unpaid, with enterest'accrued, and a11 moneys sec~red hereby, shall become dw and piy-
ab:e forthwith, or thereafter, at the option of sa~~ MORTGAGEE, as fuily and completcly as if all of the said sums of money were originally stipulated
to be pa~d on s~ch day, any~hing in sa.J prom~ssory note w in this Mortgage to the con~rary ~otwithstanding; and thereupoe? a thereafter at the option of
said MORTGAGFE, without notice o~ demand, suit at Iaw w in equ~ty, there~ore or thereaiter begww, m~y be proaecvted as if all monsys secured hereby
n~d matvred pnw 1o its irutitution.
7. Thaf in the event that at the beginning of or at any time pending any sv~t upo~ this Mort9ig~, o? W foredose if, or b roform it, w to enfwce
payment of sny clatms hereunder, sa~d ldORTGAGEE shatl apPiY to the Cou» hsvu:9 ~unsd.uion ihe~eof for ~he appointmenf oi ~ Receiver, svch Co~rn shsll
forrhwith appoi~t a receiver of said mortgaged property a!1 and si~gular, inclvd~ng a~l and s~ngular the income, profity iu~as ~ntl rave~ues fiom whatevt~
iov•cz derived, rath and even~ of wh~ch, 1t beireg e,epressly undersroo~, is hereby mortgaged as ii spet~ficAlly xt forth snd destribtd io the 9~antinp and
ha5endum clauses hereoi, and such Receiver shall have atl the broad and effecnve funct~ons and powas in anywise entrusted by a Court to a Receiver, ~nd
s..ch appointment shall be made by such Covrt as an ad~nitted eq~ity and a matte~ of absolute right to said lM~ORiGAGEE, and without referente to 1M
adeyuacy w inadequacy o( the value of the property mw~gaged o? to the soivanq or msolventy ot said MORTGAGOR d the defendaMS, and that Wth
renrs, protits, income, iuues and revenues shall be applied by such Recrirer accord~ng to the lien or equity of said N10RTGAGEE and the pradice of svch
CouA.
8. To duly, p+omptly and fully periorm, dixharge, execute, effect, complete, comply wi~h and sbide by ead~ and every tMe stipulations, ~greertrcnls,
condirions and covene~~rs ~n smd promisswy nore a~:d th~s morrgayr set for~h. .
9. That in the event the owncrship of the mortgaged prem~srs, or any part ti~ereof, becomes vested in a person other than the MORTGAGOR, ths
:'ORTGAGEE, iss successon and assigns, may, w;rhovt notice to ~he MOkTGAOR, deal w~th such successor a successor in iMeresf with reterence fo this
mo•tgage and the debt hereby secured in the same manner as wirh Nbrtyagw w~Yrwut in -any way vitiat'u~g w d~uharging the Mort9a9ors' liability hera
vr,de. a upon the debt hereby secured. No sa:e of the premisea hereby mortgaged and no iorbearante on the pa?t o) the MORTGAGEE ot iri successors
c+ assigns and no ex:ension of the time for the payment of the debt herrby secvred given by the MORTGAGEE or its suttessws w auigns, shall operafe
to re~ease, discharge, modify change or afftct the origina! liab~l~t~ of the MORTGAGOR herei~, either in whole or in part.
10. It is speufically agreed ~hat rime is of the essence of this contract and that no waiver of any obtigat7oo Fxreunder or of the obligatpn se-
cu~ed hereby shatt at aoy time thereafter be held to be a waiver of the terms hereof or oi the instru+nent secured herby.
11. In add;t;oo to the forego'ng mon~hty paym~r.rs of p~inc'pat and inreres! requ~:ed by the promissory note setured hereby, morfgagor covenants
and agrc~s to pay to mortgagee with each month;y payr,,ent an add~~ansl sum est~mated by mortgagee to be equal to 1/12 of the annual tost of the follow-
~ :g:
A-A? real property taxes te+~ed w asaessed agai^st !hc above described real es~ate.
B-Premiunu on fire and windstorm ir.surar.ce as here~n rcqu:rc~ fo be cacried on the impravemenh situate oa the above desaibed premises.
.C-Premlums on such mortgige guaranty ~r.wra.,ce as mo~tgagee shafl irom t;me to time deem fit to urry o~ the loan secured hereby.
Morlgagee sha;~ fcem tin~e to tirne ~otify mort^yagor in writ~ng of IF~e amount d~e and payabk hereu~der and suth wm shall therevpon be due snd
~•.abfe on the due date of th= nect month!y payment and each successive month thereafter ur,til mortgagee shall ~otify mortgagor of a chaRge in such
r••o~nt. $uch sums shall be applied by mortgagee ioward the paymeM of real property ta:es, insurance prem:ums, and mortgage guaranfy inwnnce
;`•en:;ums.
i IN WITNESS Y~HEREOf, the sa~d MORT6AGOR has hereunto set his hand and seal the day and year iirst aforesaid.
i Signed, Sealed and delivered in the presence ofq ? .
~ `tt~~/~^_.1,a7.~e~. ~ ~ . L> ~~t+... (Sean
~ ~ ~ Francis W. O'Brien ~n
~ _ ~ • j
` seaQ
- - [aZ~' ~s (Se~q
-r'~-` - El ea no r K. O• Br i en
s~~TE oF Virgiri a
Y ~
cour,nr oF ~~nce Georges i
Befo~e me perw~wlly appearrd Franeis 1~. O'Brien ,,,d
Fleanor K. O~BYlei1 his wife, to me well known snd known to me to bs
th> individ~afs dew~bed in and who executed the iwegoing instrument, and acknowledged be?ore me that they executed the same for tFie purposes
r~e~ei~. expressed. And the said Eleanor K. O' Brien
N~fe of the ssid FrAnC15 W. OtBrien , upon a sep~rats and pirvst~
exam~nation by me taken separate and apart irom her said husband, xknowledged 1o and before mt that she e:ecuted ssid irotrument freely and voturr
re ~iy and w~thout any compuls'an, constraint, apprehens , or fes? of w from her said husband.
WIiNE55 my hs~ and official xal thi: day of ~ $ t~b A. D. 19 75
. •
fILfD Kt~QRDEO ~ Norary Pubic in ~nd ia the Sta1e of~ilwii at larpe
~ ST.IUCi~ ~'JI~YTY Pl~. My Commission eapires:
Return To: qO;E~ =J ~~A$
~ Fint Federal Savings d. loan Assoc~at+on Cl~~:t C! :~~J:~~C6~RT ~ My Cnr.~mic.;UII ~Zpites OCL 1Z~ ~~'1'7
~ Of fort P~erce. eF~(~R~'~^ ~ -
~ Fo?t Picrce, Fbrida ~ ^ au 1~~ . .
SEP ~ s ~ n 3 . : : . ;
~ 168'~'S ;1~ ;
L`'~~=.:
This Instrument Prepared By Hal Roberts~ Jr. -=3~'~ ~`;•~~i'~: '
First Federal Savin s b Loan Association ^
9 ~ ; ° _ -
of Fort Pierce, Floricia 33450 _ ,';-t . 3''!~:
.~i' ~ ~s.~~ 't,' _
Checked ~
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0 R s~ ' % ;~,;%J ' ~ ~ : "
BOOK 243 PACf ~G.2
~ r/ V , , h eJ ; .
, - . i ~
` ~ 1 ' SA
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