HomeMy WebLinkAbout0751 To ptece and continuously krep on fhe twl~d~ngs now on c~rea(ter •ituate on sa~d land and on alt equ~pmenr ~nd perionaily covered by thii ma~9-
ege, with all premiums ~hrreon pa~d m full, firc insurancr m ehe v~wt i~and.,rd poGCy fo~m, m a sum ap~uoved by ~he MURfGAGEE, a~d wmdt~orm
~ns~rance in the uiwl •tanrlard pol.cy fam, in a sum a;.provrd by ~he MOR1GAGfE, i~ such company o~ companits a~ IM M021GAGEE may
d ret , and all firs and w~nds~orm insu+ance po~icies on •ny o1 said buitd~ngs, any ineere~~ thereir or part Ihereof, in Ihe aygreys?e sum ataesaid o~
ir, eaceu ~hrreof, shal! c~ma~n the usual fta~tidard mortgagee clause a such oihe~ c~.+use as tl+~ Mor~pages may rcqwrs, makiop the lo~s unde~ w~d polr
c~es, each and every. pa~ab!e io se~d h1JRTGAGEE as ns interest may appear, and each rnd e~ery suc~ pol~cy ~hall be promptly ass 9~~ed and de~~+arrd ~o
eny held by said MORTGAGEE as lurthr security to said mortgage da6t, ar.d, no1 tes~ ~han ten (10) da~s in advance of ~he expirotiai of each poGCy, to da
I~ver to said MORTGAGEE a ranewal thereof, toge~her with a rece~pt (or Ihe pre~nium oi such renewal; and there ihall be no (ire or windsto~m insuranc~
pliced on any ol said build~ngs, any iroerett the~ein w pa~t thercof, uniess in ~he icr~n a~~d with tF~e loss payable as aioresaid; and in the eveM any sum
of muney bccomes parabte ~nder such poliq w poLcies said MORTGAGEE shill t~sve ~he opt,on 1o receive a~~d app~y the same on account of tha iodeb~ed- ~
nrss sec~rrd hereby or to perm~t Seid MORTGAGORS lo retaivt und use il M any l~rrt t1~e:aof for othcr Fu~poi~i, vntFv~ut th:reo~ ~va~.ing U~mpaH-
~~g any equ~ty, lien w righl ~nde~ or by vi~tur of this mor!gage; and in the event sa:d MORTGAGORS sha!I fo~ any reaion faii fo keep fhe said p~emius so
;~uur~~d, or fail to deGve~ prompNy any of said pol~c:~•s of insurance to sad MORTGA~;EE, or f~~! p:omptly to pay fulfy any premium therefor a in a~y
reepect Sait to pe~(orm, d~sche~ge, ea~c~te, etl~cl, compiete, co~:p~y w~~h and abidu by tA~s covenant, a any part Aereot, said MORTGAGEE may place and
pa; iw such ~nsurante or any part lhrreof without w~aiving o~ affe:ting any opt~ai, Gen, equ~ty, or right under a by virtue of this Mw?gage, ~nd thc ~ ~
't~.~~ amcunt of each and every svch payn:ent shatl be immediatriy due and payable and shall baar interesl from ths date thereof ~r~til paid at the rate oi
e j~rr cent~qi pfr annu~r, and to~rti~rr ~~ith sucfi i~~t~•r~~; shat~ ~,e ~.•c~ued by 1he lien o1 this mortgaylt. •
4. To parmit, commit ot su((cr no waste, impairn~ent or deterioraron of saitl property or any part 1he?tof.
5. To pay all and singular ihe costs, charges and expensz:, includ~ng a reasonabie atrorney't fee and costs of abstracts of tit!e, incurr~d or paid at
rirre by sa~d ASORIGAGFE, because or in the evem oi ~he fa~iure on ~ne oar~ of ~he na~d h10RTGAGOR to duty, promp~ly and fully per(orm, d~scharge,
:.~~cute, eifect, complete, comply woh and ab;de by each and every the st3putano.~s, agrcements, conditbna, and covenartts of sa~d praniswry note and thii
v~~~age any or e~~hrr, a~d sad cosrs, charyes and exprn:rs, each a~~d every, sh,lt be immrd~ately due and payable; whether p not there be notice do-
r,:and, ~ItFmpf to cot~e~t or suit pe~n~~rx~; and rhe futi anwun~ of each and e~ery wch payment shoL' bea• interest from ths date thereof untii paid af the
~ o~ nire pez t_ntum Eer annu~~; and ad ya;d ci~s'a. ~hary~~s and e~pens~s i:x~~rrd or pa~d, together ~vdh such intereat, shall be secu~ed by the lien of this
morrgage.
6. That (a? in the eve~t of any breach oi ~hia Mortgage or default on thr pd~t oi the MORTGAGOR, w(b) i~ fhe event any of satd sums of mone~
herein refened to be not pranptfy and fuUy paid wiihm th~+ty (3J! days ne¦~ a~rer fhe s:.~ne severa'ly ~ome due and payable, witFwut demand or nmice,
in the e.ent each and every 1he stipuiahons, agreements, condaions and cuvenanra o4 sa.d promisaory note and th~s morfgage any p~ e~lher aro nol
i..y, pro:~~p~ty and futiy prrForrced, d,s:?,arged, exru,trd, efiectrd. co~-~H~eted, car.;.::ed .•:~;h ond ab~ded 5y, then in either w any such event the said ag
~~c~i'e sum mentio:~ed in sa~d promisswy nete then re~na+nmg vnya~d, w~th intere;t acc:urd, and ali moneys secured bereby, shall become dve and pay-
r tortfi vith, or r6ereaf~er, at the opt~on of so~d ~!OkTG'+GEE, as (viiy and ComN:ric:y as if a!1 of the sa~d sums oi money were orginally stipula~cd
i~ 6e pa d on such dcy, anythin3 in sa:d prcn;:ssory nu~e or in this 1Ao•tgagr to th•~ con:•ary n~e vithstanding; and thereupon or thereafte~ at the o~.~~on of
3, d MORTGAGEF, wrtF~out noricc or dem~r.d, s~d a~ 'aw or in eq~~ty, thereEore or ther~oi~er begun, may be prosecuted as if all moneyl ~ecured ifereby
n j matured p!~o~ to ds insGtution. '
7. 7fiat in tFe event t?:at a~ the ce3~nn'ng of w at any time pendin~ any sv:t ~pon ihis Morigage, or to fweclose if, or fo reform if, or to enforce
c.~:•t~en! of any cieu^s here~r~drr, s~~d :.+,:~4tG:+G•E s~~~i epply to the Courf hav~:•g ~c~~>cS,ctaon tnereot for the appo~ntment o( a Reeeive?, wth Court shall
-.•.ith aF~oi~~.t a re:ei~+er of s3~~ n:a•egay~~d prc;~-c~fy a:I and singutar, inc:vd•~g a+~ a~.d s~~~~war ti~e ir.come, proiAS, isi~ef ind revMUes frortl whatevlf
s_•ca cicr~~ed, e~cn arcl every uf whc'~, i~c•~::~ r..p-rss:y unde~srood, is iere~~ n:c-~ga~ed ai ~f speufically set futh and deseribed in the gran~irg and
t. ~t:endum da.,s@s her~of, and svch Rcce~~cer shai~ hair a1! ;iie broad arcJ efieC~ve f~,n~~ o::s ~nd powers ir. anywise enirusted by a Co~rt lo a Reteivet, and
s_ _h appuintment shaU be made by svch Co~n as an ad:n~ttrd equ:ty a~x! a mo!rer of abs~ ute right ro sa~d MORTGAGEE, and without refere~ce ro the
a:_quuty cr inadrq~acy ol the value of the property rr.ortg~ged or to the so.vc~~c, Cf .r.:G:vf~1C~ o( said MORiGAGOR w the defendants, and that such
-~+s, profin, income, issues and re~enues ahal~ be app~~ed by such Rece+ve~ a.~cc.;,,~g to the lien or equity of said /dORTGAGEE and the practice oi suth
~OJfi,
8. To du'•~, prom~r;y and fully perturm, d:scharge, e,cecute, effect, co~++p;cre, co ~.;:'y with ancl a5~de by each and every the stipu(ations, agreements,
~a~•d[tio~s and covenenti ~n sa~d promisso+y nete a:~d th~s R:orrgage set forth.
9. That Pn the event thc ownersh:o of th~ nwrtga~ed prem~ses, or any part the:rcof, 6ecomes vested in a person other than the MORTGAGOR, the
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QIGAGEE, its successc:s and ass.qna, may, w~:hout r.oi~ce ro~nE Y:ORTG~02, de~~ v:~:h such s~ccessw w successor in iroerest wirh reference to this ~
.-~•~gaye a~~d the deb~ hcreby secu.ed ~n the same m,~nr.er as wrth htwT~agor ti~th;;ut ~n any way vihating o? d:uharging the Mortgagori liabiiity here- ~
i,,r or vpor~ the drbf hereb~ secvred No sa:•~ of tI~B F~er~s?S her+oy mortqagcd ard ro forbearance on the part of the MORiGAGEE or its suctesson ~
c.~_ g~~s ar.d no earer.s~on ot ihe n~~~e for rhe• ;;a~•menr of rhe c'eb+ i„•rebi s~cv~ed g~+rn by the MORiGAGEE o. ~ts suceessors o~ aasigns, shall operate
_ ~ ease, d.schar3e, mod~fy cha~~ge or a!fect the cng~nai li~~ ~ny of fhe M.i;RSvAGOR F~ere~n, either in whole or in part. ~
10. It is s~ec~fic3liy agreed that time is of the esunce of thls contract a~d that no waiver of any obGgation hereundei or Of the obligation se- O
ccred h,~reby sna~i at any ~i^~e ~hrrealser be he:ti to be: a waiver of the terrr.s herecf o~ of the inatrument setured F~erby.
, 11. In add:i:c., eo the ~orego..:g m~~irii!y paymer.~s o£ pn:~c p3t and interes' :equited by the promissory oo!e setured hereby, mortyagor eovenaot: `
~~g-ees to pay to r^cr!g3cee r.~th each mor.r~ { pay~.•,arit an edd~:~cnat sum est~n:a~r_d b/ mo:tgagee to be equal to 1~ 12 of ?he annuat cost of the follow- O
A-AH rea! ~;rop.~rr~ taxes ~e~~ed or aszr~scd ay~~^•s! thc a~~ve desc•u~ d real es;ate. ~ !
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B--Pren: u•ns on f~re ar.d windsro:m ~nsucarce as ~ere~n t:~qu:red to be ta~r~ed e~f rhe improveme~ts situaie on th3 above d_scribed premises. ~
C-Pre~~ums on svch mortgage gua•onty ir.su~ar.ce es mor~yagee sna~t from i~me to ti~ne deem fit to carry on the loan sewred hereby. _ ~
' Mortgagee stia~i frcm tiTC• to ~~~-e r.cr,fY morrg~gor ~n w.[t~ng of the a+::o:;~t d~e ard payable he?eundrr and such sum shalt thereupon be due and `
:!~'e on th~ d,,e cia~e of th~ next --:c-~rhi, pa'jmint a-~d each svccessive R:onth tnereaher ur.ti; mortgagee shall notify mortgagor of a change in such ~
::,~T. Such sums s^a;l ?~e app:ied by mOrtgagee ~o:•.a*d the pa~rnent of real preperty taxes, iruurance prem:ums, and mortgage guaranty insurance "
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i IN l':IT^.E55 '1'HER~Of, the sa~d MORTGi.GCK has hero„~to set his h~cd and seai the day and ye t afwesa~d. ~
S~gned, Seafed and delivered in the presence of: ~
I il~L~ t?' _ ~~.tif 0 4
G - ~
I ST_i_UL.~ .^.';k"Y ~i~_ _ se.q ~l
~y . i r i i t{{IS t ~ $l'a~
~ r~ ~i£~F L' ~,C• - V JI.tR i ~ ~ a4
I, dk~-•~ ~ 1~ ~Sean
~ . .tc OF fLOA1DA ~ ~ ~Y ~ ~9 ~'f J
~ ,~~.,Y oF ~ u. 31'~924 .
! Befcre me personeiiy appeared _~y A. Martin ,,,d
! Bonnie Darlene Martin his wife, to me weU known and known to me to be
' < ~ndiv~dua:s dAsc~~bed in and r.no exewted the fwegoing instrument, snd acknowiedged be{ore me that they exet~ted fhe sarne for the purposes
~ ~~~re:n expressed. And the saia___ Bonnie Darlene Martfn -
` of the ,_,a _ Roy A. Martin upon a separate and priwte
~ -•.:na!~o~ by me ta'sen s~parate and apart from her sa~d husband, acknowledged to and before me that she executed said instrument freeiy and voluo-
ar.d wnhour any co~*~puls~on, constrairt, apprehenson, or fear of or fr~n her said husEand.
s L'1tiE.E55 my hand and offcial seal this__ __?S~t1 day of S~tP~~QZ , A D. 19 75
~ tary Pubtrc in and for the State of Fbrida at large
~ • y Commission expires:
; Return To:
; r;t Federa{ Sa~in~s 6 loan Assoua:.on Nofory Public, Stafe of Florido 01 Largs
3 Of Fort P.erce- My Cor~nwssion E:pi~~s April 15, 1978
~ Fort Vierce, Fic.~da lti;r~ded by Am~ricon Fire d. Coswlfy Cp.
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F ~ . •
~ - • •
~ This Instrument Prepared By J. Hal Roberts, Jr.
i First Federal Savings 8 Loan Association ~ :
= of Fort Pierce~ Flotida 33450 - _ • ~
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€ Checked By ~ ~ R , '"`y _
~ so~K 244 PACE 751 - ~ v ~ - ~
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