HomeMy WebLinkAbout2771 3. To plac~ and coroinuously k~ep on the bu~!d~n~• now a hero~i~~r s;ruare on iaid land and a+ ali cquipment ~nd person~liy co~a.d by ~hu mor~~ - ;
ags, wi~h all premiums therew? pa~d i~ tull, fire iniurance in tM usual sunda~d policy form, in a svm approvad by ~he MORfGAGEE, and wind~twm '
insu?anct in tM uiwl tundard pol~cy fam, in a wm approved by the MORTGAGEE, in ~~ch comp+ny w compa~ues as tht MORTGAGEE may
d~rect~ and all tir~ and wind~twm insurant~ policie~ on any o( said build~~ps. any interast tMr~in w p~h the~eol, in tM apqrepat~ wm afw~said w
in e:ces~ ~he~eof, shall confain th~ uswl standard mwtgage~ da~se a ~uch o~her ciaufs as ~M MorlQ~ge~ maY rpvir~, m~?inp IM loss u~da s~id po~i-
ues, esch and evcry, payable to said MORTGAGEE ai ~tf in~rr~st may appear, end each and every such policy shall bt promprly ass 9ned and delivered to
any heid by ~aid MO~iGA~EE af iufihEf se<uri~y ta isid morty~ag: 02IIT, a~~3. iif7fi ic+i :t:s:i ic:s Z:LS i"s~s ia: cs1sio::s'r ~£~r~ ~7[}=~ot'~ 8~ ~!:i+ ~ ~
I~ver to said MORTGAGEE ~ rencwal thereof, to9ethN w~th a ~eceipt (a the ~remi~m of iuch renev+al; ~nd the~~ sl?~II b~ ra iire a wi~ditam insur~nc~
plac~d on any of sa~d t~i~dinp~, any imeres~ ~he~ein w par~ thereoF, un!css in the to.m end wi~h fhe los~ pay~bte ai •fweiaid; snd in tM wen~ any sum
of mon~y betomes pay~ble under tuch policy w policiei said MpRiGAGEE shall have ~M op~~on ~o receivs and apply the iame a+ +ccou~t of the indeb~ed-
ness secured hereby o~ ro permit said MORiGAGORS to retaive a~d uae it or any pa~t thereof lor otner pu~~set, witMut th~~eot waivi~i~ oi ~mpair-
ing a^Y equity, lien w righ~ unde~ w by virtue of this mo:t9aye: and in the event w:d MC~KIVAbVKS shait fa any ~eason iaii to knep ~~w so~f ~w„~s~s w
insu~ed, oi fail fo deliver promplly any of said pol.cies of insurancs to said MORTGAGEE, w fail promptly to p+y futly ~~y promium therefp or i~ any
re~pecl fail fo perfam, d~schargQ, eaecut~, elfecl, complete, comply with and abide by thi~ covenant, p any part he~eof, ~aid MORTGAGEE may p~ace a~+d
pay fw suth iruurante or any parl thereof without waiviny a•fietling any optian, Iicn, equ~ty, w ri~hl under a by virtw of Ihis Mwtysge, ~nd tht
f~ll amount of each and every wch paymen~ shall be immed~ately dut and payabte and shall bear intere~t (rom the dat~ the~eof until paid ~t tF» rate of
~~~ne per centum per annum and ~o~e~her with svch i~irere~r shail ~e srcured by the lien ot this matya9s.
1. To pennit, tommit w sutfer no wasle, impairment a dete~iorat~on ot said property w any part ther~of. ,
S. To pay all and tingula? the coers, thargc~ •nd exp~ntei, ~nctuding a reasonable attaney i tee and cos?a of abstr~cts of titl~, incurred w p~id at
any ~ime by sa~d MORTGAGfE, betausa or in the event of ~he fa~lure on the part of the said MORTGAGOR ro duly, p~omptly ~nd fully psr(oim, diuharg~,
execufe, eif~t, canple~e, com.ply w~th snd ab;de by eech and every ~he a?ipula~~ons, agreements, cond~tians, and covenants of said promiiwry note and thii
mertgoge any o~ ei~her, and sa~d coua. charges and eapenses, cach and rvery, shali be ~mmed~atety dve and payab~e; whethe~ o~ ~ot rhert be no~ice ds
mand, attempt lo collecl or wit ptnd~rg; and the (ull amouN of each and every svch paymem ahail beer intereat from Ihs date thereOf ~ntil paid al the
r,~ ot nine per cent,.m pe~ anuu:n; end ail said costa, char3es and ex~~~ses incucrrd or paid, together w~th such iater~st, shall b~ secured by the li~n of thi~
mortgage. •
b. Thal (a) in the evenl of any breach of this Mortgage o? default o~ thr part of the MORTGAGOR, or (b) in the event ~~y of sa~d sums of money _
herein ~eferred to be not promptly and Iully paid within th~rty (30) days r.ext aitrr ~he same severalty betane due and p+yabte, without demand a ~o~ice,
or (c) in the event each and every the stiputationa, agreements, cond~tions and covenanls ol sa:d promissory note and th~~ mafps~e ~ny p either sre rwl
i.;ty, promptly and fupy perfonned, d.xharged, ezewted, elfected, canpleted, comp:~ed wi~h and ab~ded by, then i~ e~ther w ~ny ~uch ewN tM sa~d ag
gr~-gafe sum menraned in said promiaswy rwte the~ rema~ning unpaid, with inrerrsr accrued, and atl moneys sec~red hereby, sha~l become dw and p+y~
aa:e (a~thwith, or therealter, et ~he opT~on of seid MORTGAGEE, as fully and comp:erely as if all ot the said wms of moe~ey were d'ginally st~pulated
to be pa~d on such day, any~hing in sa;d prom~ssory note or in this /dwtgage to the controry no~withstanding; and tF~ereupon or theresfter a! the opGon o~
s~;d MORTGArEE, w~+hout norrce or dem3nd, aui~ at :aw w in equ~ty, tt~r~eiwe OI Il~rlealilt begun, may be prosecuted as if il) monays sewred heteby
r.ad maWred pnor to ~ts institution.
7. That in the evcnt that ar the beginntng ef or st sny T~me pe~d~ng any su~t uFon this Nb.tgage, w to fweclose i?, or to refwm if, w to e~forc~
p~yment of any claims hereunder, uid MURTGAGEE shall ~pply to the Co~r~ hav6~g ~w~sJ:a+on ~hereof iw the appointmenf of a Receiver, suth CouA shalt
f~:shv,,:th apFu;nt a receiv_r of sa~d martgag~d propo•ty ap and :~ngula•, ind,rJ.ng a.l and s~ngwar the irtcome, profits, iuues and revenues from whatever
s~ ~rca de~ived, eath and every of wh~th, it being eapressiy understoud, is hereby ~ocrtgaged aS if speuficatty xt fmth sod desCribed in the g~~nting a~
hai~endum dauses hereof, and such Rece~ver sha~l have afl the broad ar,d effecr,ve iunc!.ons and powa~ in anya~se entrusted by ~ Court to a ReceivN, and
sr,h appointment shalt be made by such Cou~t as an ad~nitsrd equ~ty and a r.:atter of absoiute right to said MORTGAGEE, and witFwut rei~rsnce to the
e:lequacy or inadequacy o( the va!ue o( the preperty mo~tgaged or to tha soivency or ~nsolvency oi said MORTGAGOR w the defendaots, ~od that sueh
renrs, profiK, income, ~ssues and revenues shall be appiied by such Receiver accorC~ng to the lien or equity of wid N10RTGAGEE and ihe praclice of su~h
CourL
8. To duty, prompily and fu!~y perform, d~scharge, executr, effect, cornplete, co.npl~ wilh and ebide by eath ~od every tlx stipulations, sgreemenri, v
c~~~diticns and covenants ~n sa~d promissory ~ote and th;s mortgage srt iorlh.
9. That ~n the event the ov~nership of the mo~tgaged premises. or any part thereof, betomes vested in a person other than the MORTGAGOQ th~ ~
!t'~RTGAGfE, it: siKcessors and assigns, may, wi~hou~ notice to the MORTGAOR, deal with such successor or successo~ in iMereit with reference to this
~ o~?gage and thr deb~ hereby secured in the s~me mi~ner as w~~h btortgagor w~thout in 'any way vitiatirg or d~xharging the Mortgsflors' liability FKrt 1
:•~drr or upon the deb~ hereby secured. No sa'e of ti~e Free~ises hereby rnorfgaged and no (orbearance on the part of Ihe INORTGAGEE or iti successws
or ess~gos and no exte~sion of the tin,e ior ~he payment of the debt hereby secured given by the MORTGAGEE o? its successots w assigos, shall operate '
ro re!eaae, d~scharge, modify change or affect the original Iia~~Lty of ~ne M(3RTGAGOR herein, ~ither in whole or in part. 1
10 Ir :4 ..:F.a++y ~!±rwc# rha~ is of ~he ess.~ce ~f ~?,~s co~fracr and that no waiver of any obGgation hereunder w of th~ oblig~tion se-
cured hereby shah at any time rhereafter be held to 6e a wa~~er ef the terms herccl or of the ir.strumtnt setured herby. ~
I1. In add t~o~ to the iwego'n~ ^+or.r'r,iy pa~mrnts o! p~~•^•c pai and inrerest requ~red by ihe promtssory ~o~e secured hereby, mwtgagor tovenants `
ar,d a3rees to pay to mortgagee wirh each month~y pay~-ent an add~~ional s~m estimattd by mortgagee to be equal to 1/12 of the annual cost of the follow- ~
A-All real p~operty ta~crs tevie:i o~ assess^d ayai~ast !hc acove descr~bed reat estare.
6-Prem~u^~s on fire and windstorm insuracce as nerc~n rq~ued to be carried cn th!~ improvemeafs sitvafe on the above dascribed premises.
C-Prem~vrns on such mortyage guara~ty irsu~ar.ce as mcrtgagee sF:ail f~Om t:~e to ti~ne deem fit to carry on the loan secured hereby. ~
u...._'_._ .ti,:f t..,... •:...s ....~:i,. :q ~1.~ ..t .1._,e a~vl w{~Is ?rrMUV_lar arv~ uql~ a~~m aFull ~Mrnumn ~in t~uw anrl '
. y=g_z _ : : r y..y... . - . ~ ~.;,-y. . - - - - .
: ir ~~'e~ on the due uate of ~he next monthty payment and each successive month tliereafter urtii mwtgagee shall notify mortgagw of a thange in such
r~-ount. Such sums si+aEl be applied by mort~agee toward the payment of reat property taxes, insurance prem;ums, and mortgage guaranty inwrance
;,~eni~ums. ~ .
IN Y~ITNE55 ~tHEREOf, the said MORTGAGOR has hereunto ut h;s hand and saal the day and year f'ast aloresaid. ~
! .
~ Signed, Sealed and delivered in the presenee of: ~
' - - f1tE0 ~y~ ~~~1Y fLA. G.~_ _~~v~_ !~-J~?.acR-- ~s~,n -
~ _ gt.IUCIL~ UUN ~
•Gi i RAS n'~D
ROGL Y R7 ~Seaq
l / ~ CIEP.K Ct;tCl1?. COU
~ - . /L..( ' ~ ~ . itfCOF~ ~E"lffi_0
, ~ '75 -
~ S'HTE QF FLORIDA S~! tiq~ 3 41 PM _
~:`UNTY OF _~t • I.UClg_ 1 ~V
Befwe me personally appeared F. SY1V1:1 Tiorses a sinnle clG~Ult
~ ____-______-_-_-_~-__-------farwrifr, to me well known and known to me to be
rn~• ind~vidual described in and who execuled the fwegoing instrument, and acknowledged before me thatghe exetuted the ume fw the pwposes
~ t he.ein exp~essed. Awd-th~ aai-'_ - _ - _ - _ _ _ _ _ _ - _ _ _ _ _ - _ _
r.tfe ef~ N+e ~aid-- +~pw~-~p~wN~wd.prirat~
~ c+~+..~»t~ow ir wN 1~ii~ew-s~p+raM awd-apK* f~sm~ be? iaid-IM»b~ndr ~rwwfds~d-1o.awd~ 6eio~e-w~s-tha~.ah~~w~tw~said inataww?t ~~sty~aod a~duo..
~ ~~-k~and ~u:thout-awr ww+rrlaiow,-esnsMaw»,-epprei~e ~ r(eK~ er- i~o~r?-lar a~id~wsbs~~.
WITNE55 my hand and offiual seal thi:_ day of ~tember p, ~q~~.,
~ tary Publ'ic in and for the Stste of Florida at Larpe
~ y Commiuion expires: /'1 / ~ i[ ~ .
' Return To: ( R ~.J
K
:irs+ federal Savings a loan Aswciation
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~ O( fort Plcrce. •~~?,1:111'~:I~f
~ Fort P~erce, Flori~a . ~ :~4~
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This Instrument Prepared By J. Hal ~~~oberts, Jr. '~S ~ bC1..~~-
~ First Federal Savings & Loan Association " ~ • ~d• ~ ' : =
' ' .
~ of Fart Pierce , F2orida 33~! 50 ~ ~~:f~;
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_ Checked B BO~JK Ffc(Y ~~7~ y j`~~
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