HomeMy WebLinkAbout1346 9. To ptece and co~~inuousiy kecp on ihe bui'd~ng~ ~iow w hrreafttr situat~ on sa~d Isnd and on atl equiprnMt and pe~Wn~~~y covtred by thit mortp~ .
ags, w~th all premiums thereon pa~d ~n 1~11, iue ~~iwrence ~n ~he usua~ stando~:! po~~cy 4orm, in •~um ap~,roved by IF?e MORfGAGEE, and wind~twm
insur~nce in ths vsual t~andard po~~cy fo~m, in a sum ~pp~oved by ihe MORiGAGEE, in suth tompa~y w tomp+ni~s ~s ~ha MORTGAGEE may ~
dnec~j and ail fi» and w~ndatwm ~nw•ance policies on any oi ~a~d build~ngs, any intero~t Iherein or part Ihereoi, in ~h~ aggreyaa svm afor~i~id a
in eacets thereof, ihaU c«+win fM usual •tandard mor~gagee ctause a such o~he~ c'ause at tM Mo~tyagee ~?uy ~equlrs, maMinq ~he ~os~ u~da ss~d poti~
c~es, each and avery, pa~abte to said h10RiGAGEE as ~ts int~veat rnay appear, and each and every such poi~cy shall be prompHy aisg~+ed and deGvered ~o
eny held by u~d MORiGAGEE as fu~thr~ secu~~ry ~o said mortgafle debl, and, oot tets than ten (10y de~t in advsnte oi ~he eYp'uation of each pol~cy, to dr
~~rer to aid MORiGAGfE a renrw~l thereof, together with A?ece~pt fo~ tl~e premium ol auch renewal; and there shall be ~o firs or windstorm i~~urance _
p~aced on any ol s~id build~ngs, any interesf theiein or pait thereoF, unleas in ilk fcrm srx) wi~h ths Ioss payable ai aiwesaid; ~~d in the event any sum
ot money become~ payab~e unde~ iuch policy a pohcies said MOkTGAGEE shall heve ihs opt~on ~o ~eceive and appty tha same on +ccou~? of_~he indebted- '
ness tecured F~reby w to pe~mit so~d MORTGAGORS to receive and uu it p any part A~er~~of tor othe? ~uri~oses, v.~~ho~t Ihrrcu! .vaiving or ~mpair ~ Y
in~ any eqv~ty, lien w right under a by virtue of thi~ mo:'gaga; and in 1he event sa~d MO~ZTGAGORS shall fw a~y reason fail to keep the said premises so ,
]nsurrd, or (ail ~o drlive~ promptly any of sa~d poGurs of inswance to said MORTGAGEE, w(ait p~ompNy to pay futly any premium therefor or in any
respe<~ (ail to pr~form, d~scharge, eaecute, effect, comp~z~e, comply wirh and ab~de by th~s cove~ant, a any part he~eo(, said MORTGAGEE may plsce ~~d
pay fo~ s~ch inw~ance or "any pan thereof without waiving w af(ectiny any opnon, lirn, eq~~ry, or rigM under w b~t virtue o( Ihis Matgage, snd thc
!vil amount of each a~d e+ery svcfi payment shall be ~~~~nedwtely due and payable and shalt brar iNerest irom the data thereof umil paid at the rate o1
per centum per nr,num and to~etl.rr vrith s•:ch i~iterest shaii t,t s~~c~r_d bi fl,e Iien o( this mortgage.
To permil, commrt w su(fer no waste, impair~nent or drte~iora~~on cf said property o~ any parf lhereof.
S. To pay all a~d singutar ~he costs, cfiarges a~d expensrs, indud~ng a reaaon~ble a~torney's fee and costs of abstractt of tiN~, incurr@d or paid a~
e~~ n~re uy said M~RfGAGfE, beceuse o~ in the event of ~ha fa~fure on ~ne pa~t of ~hc sotd MORIGAGOR to duly, promptly. snd fully perfo~m, d~uharge,
~aec~te, eilect, comp:ete, comply w~ih and ab:de by each and every the snpula~,ons, agreements, to~ditiont, and covenanti of said pranissory note and thiu
,,~rrg„~e any or ei~her, and sa:d cos~s, charges a~d expenxs, each and every, sh~il be i,n~nediatefy due and payabte; whether p not there bs no~ice de
rnand, attemp~ fo cv~~ecl w suii pending; and the full amount oi each and e~'ery suth paymeN shall bear iMerest from the date thtreof until paid at Ihe
~ o! n.ne per centum p.:r an~wm; e~~d aii sa~d ccsts, cha~ges and c~~:er.srs ~rxu:rrd or paid, togcfher w~th wch interest, tAall be secured by the lien of fhii
mort9d~C-
b. That (a) in the event of any breech of this Mortgage or def~ult on tiw part c( the MORTGAGOR, w(b) in the ever.t any of u~d sums of money
herein referred to be not prdnptly and fully paid wnhm ih~rty j3U) deys ~ext aircr ~he aame severa;ly lxcome due snd payable, without demand or notice,
or (c) in the event each and every ihe stipu~ahans, agreements, cor,di:fons and corenams o} sa:d promissory nofe and th~s mortpsge any or either ate nol
f~ty, prompNy and iully performed, dschargzd, eRecured, effected co~np:ered, con~i!ed w~~n a~d ab~ded 5y, fhen in either or any such event the said ag
.~regare sum mem~o~~ed in said prom~sswy nute then rernam~ng ~npa~J, w~rh in~e*cs: accrued, and a~l moneys setvred hereby, s1~a11 become due and pay
ao.e forlhwitR, or Ihereafte~, at the opr~on of sa~d A10RiGAGEE, as futiy and ccmp;r~cly as il aU of the sa:d sums o( money were orginatly slipulated
to be pa:d on s~ch dvy, anything ~n aa:d prom;ssory nuce or in this Morrgaye t~ ~h,e contra~y not.vithstsnding; and thereupon w thereafter at the option of
sa~d N.ORTGAGEE, wnhout notice o~ demand, suit at law or in equity, the~e{ore w therraiier begun, may bQ prosecuted as if all rt~w~eys secured hereby
n;d matured p~~or ~o ~ts inst~tution.
7. That in the event !hat ar fhe be9~nning of or at any time pcnding any w~! uFcn 7h+s Mongage, or to fweclose it, or to roform it, or to enfwos
af - 4cr.;:ndoc. :.xi•i !;a,~o~~cr__e _ti~~~ ..t.. r_ _ :.1.~~:p.. •6a.~u+f fn. el.. ;.'.y+._.'.M...~g~ qf ~ Q?rw:vot,~SlK~ CM~N shall
~.~,rith apF.oin~ a cec::.er of so~d n:orty~yrd Frop•.r~y aPyend.singula~, ir.cluci ng atl :~~d s~nguiar the income, p+ofits, issu~i aod revenues irom whatever
s: _ ce derived. each and every uf wh:ch. 1t be~r.g ~¦press%y unda~s~ood, is hereLy n.orf~a9ed as if spec~fieaQy ul forth and deuribed in the grentirg and
habendum dauses hareof, and wch Recelver sha~l have all the br~ad and efiM+.vr fur~t~ons a~d po,vers in anywise entrusted by a Cowt fo • Receivtr, a~id
s. ch appoinrment shal: ue made by such Cou+t as an admrtted equ:ty end a ~:a~ter of aL~o ~,tr r[ght to s~id MORTGAGEE, and without reference fo the
r~,.;,~ecy or inadrquacy of the va(ue of fne p~opcriy rnqrtgegCd or to the se:vency e~ r.•w:vency oi said A~ORiGAGOR or the defendams, and that such
,~••~~s, prof:ts, inco~ne, iseues and revenves shail be app~ied by such Rece~ver ac:ord~ ~g ~o ~he iien or equity oi sa~d MORTGAGEE and the praclite of such
Court.
4 T.- . n.~ i. :1 .~.a.~ ~}w nK . .,en ,l., w~1F~ ~ ~ an ~ or r
. „ . ;..c. .y a.. _ p~...... . - - - ~ , _^d htde ~y h v_.y tM stipulatio~s. e8 eements.
co^df;ens a:~dVccvenants ~n sa~d pro~n,ssery note and tnis morrgaga se~ forth r
9. TF.at in the event the o.v~ersh:p of the mortgaged premises. or any part thereo(, becomes vested in a person othtr than the MORTGAGOR, the
:'~R'GAGEE, ;fs succ.ssors and ais~~ns, ~nay, w~;ho~! r.otice to ~he MORIG~OQ, deal w~th such succcssor w successor in interest with reference to lhis
:~ty~ge and tne debi hereby se;ured ~n the same manner as wdh ~ltortgsgor w~thaut ln any way viGating w d~xhargi~g the Mortgagori liability herr
,nder or u~on the drbt he~eby sec~red. No sai~ of tF~e Frem~ses hrreby rnortgaged a~d no forbearance on the part of the MORTGAGEE w its suctessors -
o~ ass:~ns ar*d no earension of the t~mr for the paymem os.the debt hareb~ secwed g~ven by the MORTGAGEE or its successors w assig% shall optrate
ro re~ease, d~scha:ge, mod~fy char.ge or afiect the or~gmat liau~l~ty of rbe lif•ORiGAGOR herein, either in whole or in put.
D0. It is spec~f;caily ag~eed that t~rne is of the essen:e of this contrrct and tt.at no waive~ of any obtigat~on hereunder or of the obligatwn se-
cured h.reby shat: at eny time ~herea~ier be ~ield to be a wa~.er ef the re:ms herect or oi the instrumeM secured herby.
i 1. In acid n-~
: ~o the for._go ng ,nonth'v p~y:~:---~rs o` p~~^c ~~i and inr~r~~s• reqwred by ihe prom~ssory note secvred herebr, mo:tgagor eovenants
3~d ~gr~es to ~•ay to n~orsgaqee x•i~h cach mcmnly pa~~.ent an a*x; +-ena; sum ~s~ .,~a+ed by rwrtgagee ro be eq~al to 1 j 12 of the annual tost of the follow-
A-AiI rea~ property tax ~s lewed o• assess:sci ag3i•~st the a'tove descnbed rea~ estete.
q d c•~ rhe :mprovements s~tuate on the above described prem~ses.
I~ 6-i':_~r.:,,~~~s en tir~ a^a wir,ds•o~m ;nsvra~ce ~s iiere~n re •~.red to be ca:r~. ~
G-P.e~^.~.:r.~s an svch n:crr~~ge g~arnty ~riu•a•.te as :no-t~ag~e shal! fron: r me to t~me deem tit to carry on the loan secured hereby.
I hlortgayee sha'~ 'rom r.me to f;•ne nonfy n:o•r~agcr m wr~ting of the a•r.o::~t due and payabk hereunder and auch sum shall thereupon be due and
! ,,~ble on the d.;e da~e cf ~ha ne~t monlhly parm.~nt a~}d each succ^_ss~re month the:eaiter ur.til morigagee shal{ nofify mprtgagc+t of a change io su[h
,~;~~r. Such sums sha.l be ap ' d by mortga j•:e tov.ard rhe payme~t of real property taxes, insurance prem.ums, and matgage guaranty insurarxe
. . ~~.:u.m.s.
IN '.i:TNESS Y:HEREO , e sa~ R7GAGCR has ~f'@J'i}p set h~s hand and seal the day and year first afwesaid.
i~ , a 'iver in th of: ~ ~-J
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s1 i„~.:_ ....1UK17 fL~ • Ori8 . our ne
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- - ~~Fp., }~I CJUR C B ~i . O ~W2F@
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~ - - - - , U C r i. - ' ~ SEa~3
~'ATE OP FlOR10A ' ~ 24 Nn Q.2e p
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C:iUNTY Of _ _~2~ia-1:~d~le ~
Before me personally ap~ared ROTl81CI L+. li~L1Y't.r:9Q end )
_ Jae~uelyn Courtney his wife, to me wel{ known and known to me fo be ~
rh~ i~dividua!s desa~6ed in and who executeJ thr foregoing instrument, end acknow{edged befwe me that tF~ey e:tcuted the same fw the purposes
~~.^rein expressed. And the said___ J8CQUQZVr1 Courtnev
~ r,;°e of the sa;a - _Ronald L~ Courtne~ upon ~ xparate and priwt~
~.:•~,~:nat~on ty me taken separata and apart from her sa~d hwband, atknowledged to and before me that she executed said instrument freely and voluo- ~
.r .:y ar.d w'thout ary corrpu~sion, constraint, apprehens~on, or fear of or from her said husband.
WR?vESS my hanJ and off~c;al sea! th~s_ 2nd d~y or__ October A. D. 14 75
~
(A,n_.ut /
~ No y Public in and for the State of Fbrida at lsrge ~
~ My Comm~sian exp'ues: ~
Return To: pp}dry ~bl'ie, Sloh of floridc ot lorge '
~ F~rst Federal $avings b loan Assoc~at:on A~ Commisuen Expp+~es April 15, 1978 ~
Of Fo~t P.e:ce.
~ ro~a~d bp Ame.ico~ F•e a eA.uohr to
Fort Pierce, Florida
s ~.~;`:.131Si~~~~~
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• : "`~~a~~u•.~~'~ y
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This Instrument Prepared By J. H. ?~ObeY't9 ~ ~IP. . n ~ '
~ - .'.rZ:
First Federal Savings 8 loan Association ; ~ ~ ry ; ~
~ of Fort Pierc~ Flor id& _ - G•`:. ~
~ R , ~ ` ~
Checked By
~ BooK 244 P~E~.34~' : 7-- ~ = ~ ~
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