HomeMy WebLinkAbout2289 To plac~ snd continuously keep on tM buildings now w henaft~r ~ifuaN on iaid I~nd and on ~II puiprn~nt w+d pNSOnalty cov~r~d by this ma1¢ '
~Q~, with d) p?~miv.~?u ther~on pa~d in lull, fire imu.anca in ths usual ~t~nd~~d polity fam, in • wm ~pprov~d by th~ MOR(GAGEE. ~nd windttornf `
Imwa~ce M tM viwl tundud pot~cy fwm, in a sum ~pp~oved by ~M MORiGAGEE, In avcA company or tanpaniM u tM MORTGAGEE may ~
dinc~J aid all lin ~nd w~rxbrorm insv~u+ce polic+ei on ~ny of said buitd~eqs. ~ny intuNt tF~~i~ o~ pan tMr~ol, ln tM apprpa~~ wm afp~s~id ar ~
M~xc~ss Ihe.eof, ~hall comain tM ~sual ~~~ndud ma~ga~N ci~use a ~uch od+N clav~~ ~s tM MortpaQN may rp~'u~. makinp th~ bu said pd} }
cip, fKI1 ~vay, p~yabk ro said MORTGAGEE as its intere~t mey ~ppeu, aod each +nd ~very ~uch policy sMll b~ p~amptly qt~pned and d~livKSd ~o ~
=^j tr!d ~7', ta'sd .Y.4R1~AG'.E ~~*t~.~. z~;~.:.~ ~e ee~ rt~a..~ d.l,~y r~! !-e: t!.~n t-s !1p! ~eys 1~ ~va....e p~ ~Y~L~tF._4. o{ e+1cA Po!'tY: M dr ?
livw to ~aid NIORTGAGEE a rtr?ewal thcreof, lopether with • rec~ipt ior the pr~mivm of ~uch r~w~li and thK~ shall M no fu~ a wind~taM inau~~nt~ ~ t
plapd on any of iaid bvildi~g~. ~ny in~er~~t therein a part th~rwf, unleu in th~ torm ~nd with ~h~ Iwi wyabl~ u afa~s~idi Md M fM ~Vtf11 My {YT
of nwiwy becorn~s p+yabl~ unda ~uch pouq w polkiea ssid MOltTGAGEE shall Mvs ~M op~~on ro rsuive ~nd ~pply tM sam~ on ~aovnt of tM ind~bred~
n~u kcurd hersby a to permit s~id MORTGAGORS to receivs and u~ i1 a•ny part thereof Iw othe? purpote~, without tl~e.eb~ w~iviny a~mpair-
inp any puity, lien or right u~dsr w by vi~tw of thi~ mo: r9sge; and in th~ ~vent ~aid MORTGAGORS sMll for any rea~on iail to kNp tM taid p~~mit~t W y
insurad, w f~il to dativsr prompt~y sny ot iaid poticies of i~tiuranca to sa~ MORTGAGfE, ot fait promp~ty to pay fulty any pr~mium tMr~fot ot in any
respett f~il to pKform, discharye, execute, ef(ect, canplete, comply with and abid~ by lhis covenant, w sny part h~r~of, uid MORTGAGEE rrwy plat~ •nd
paY fw suth inwrants w sny part the~eof without waiviny a af(ectirp any option. (i~n, squity, w ripM under w by virtw of thi~ Mort9ap~. and the , .
full amount of each and ~vay such payrr~nt ihall be immediately dw and psyabl~ ~nd tMll be~r intere~t from tFw dat~ thereof u~til paid at tM ~at~ of i
nine per centum pa annum and togeihe. w~~h iuch intereat shall be secured by th~ li~n of this mwtyp~.
4. To pNmit, commit w iuiFe~ no waste, impairme~t w detcriwation of iaid propKty o? ~ny ~an tMreof. '
S. To pay ~11 ~nd unguta~ tM cosn, tharyes ~~d expe~ses, indvdinp a reasonabl~ ~norn~y's f~e and oosts of ab~hacta of Nt1~, incun~d o~ p+id st . ~
sny~ time by s~id MORTGAGEE, betause w in the evem of fM failure on tM parf of th~ sad MORT(3AGOR fo dvly, promptly ~nd fvlly pNfwm, d~uMrgR i
execute. ~ifec~. complet~. comply with and ab~de by each and every ths ~tipulations, apraemenb, conditio% and oovtnann oi s~id promiuwy not~ a~d thif
morfp~pe any w either. ~nd sa~d costs, cMrqes and eYpenies, each and every, ihall b~ immediNely dw and p~y~bl~: wMth~r p rqt rhtr~ b~ notit~ ds
mand, attampt to colkct w wif pend~ng~ and th~ tull amo~nt of each and evrry such psymeM shall be~. intaesl from IM dat~ thtreof until p~ld af 1M ~
rate of nine per esntum per annum; and all said costs, chargea and expenxs intvrred p paid, together with such inNrtst, ~hall b~ acwed bp tM IiM of tha ,
mort~ap~.
6. Thst (a) in the evanl of any breach of this Mortgsge or default on tM psrt of ths MORTGAGOR, p(b) in the ~vent ~ny of uid wms of mp~ey
herein referred to be not promptly and fully paid within th;rty (30) days nex~ after tM same sevcratly becqr» due and p~yable, wi~hout demand w notitt.
or (c) in tM event each ar+d every the stipulat~ons, agreements, conditans and covenants of said promiuory nots and this mwtpap~ any a eitMr ~r~ nol •
~uly, p~omptly ~nd fvUy perfwmed, d~uhsrged. executed. elfected, complered, complied wi~h and abided by, then in eilher or ~ny avch twM tM said ap~
preg~te wm mentio~ed In said promisswy note the~ remaining unpaid, with interast uuued, ~nd ell aaneyi secured her~by, shall batom~ du~ uwl pay-
ebte fw~hwith, a theresfte?, at the opt~on of said MORTGAGEE, as fully e~d completely at ii all of the wid wrt~s of mw~sy vircr~ wginally st~pu(ated
to be paid on tuch dey, snythiny in sa:d promisswy note w in this ilAwtgage to the contrary notwifhstandinp; and thNwpon o? ther~aftp at tM option of ~
said MORTGAGEE, wirhout no?ics a demsnd, svit ~t law a in equity, therefo~e or thereafter bsgun, m~y' be prosecuted ~s if all ma~eri s~cur~d h~reby
had rt?atwed pnor to its itq~itution.
7. Thst in It+e event IAat at the beginning of or at a~y time pentli~g any wit upon this Motigsge, or to foteclos~ N, w to t~form H, w to anforq
payment of any claims hereunder, said MORTGAGEE shall appty to the Court having juriiditliors thereof fw the appointment of a Rsceiver, wch Coun sh~ll
Forthwith ~ppoint a receiver of aa~d mortgaged property all and singul~?, includ~ng all and singulsr the incom~, profib, issws and Mwnuef irom whafever
seurce derired, each and every of wh~ch, it being expreasly understood, is hereby mortgaged ai if ~pecifically set forth and d~wibsd in th~ yrant'wq aod
habendum dauses hereof, and such Receiver shall F~ave all the Fxoad and ef(eaive funcnons and powen in a~ywise sntrwttd by a Court to ~ Receive~, ~nd
such appointment shall be made by such Cou?t as a~ admitted equity and s maner of absolute right to ssid MORTGAGEE, ~nd withoW ref4rente to the
adequacy a insdeqwcy of the value of the property mortgaged or to the wwency w~nsotvency of said MpRTGAGOR a tM defendanb, ~nd that such
rents, pro(its, i~tome, iuues and revenues shatl be applied by such Receiver accwding to the tien or equity of said MORTGAGEE and the prattite of such ~
CouA. ~
8. To duly, promptly and fully perform, discharge, execute, eifect, complete, comply with and abide by each and every the ttiputations, ~yreements, i
conditions and covenanrs in uid promiuory note and this mortgage set forth. - 4
9. That io the tvent the ownerahip of the mortgaged premises, w any part fhereof, becomes vested in a person other thsn the MORTGAGOR, ths
MORTGAGEE, its successas and assgns, may, without notice to the MORTGAOR, deal with such succeuw w successor in interest with ~efcrence fo this
mor~g~ge end the dcbt hereby secured in the same manner as with Mortgaga w~thout in any way vitiatin~ w discha~yirg th~ Morty~gws' liabiliry hera
unde~ or ~pon the debt hereby secvred. No sale of the premises hereby mo.tgaged and no fwbeannce on the pan of tM MORTGAGEE u its s~ccessors
or assgns and no eatension of the ~ime for the paymeM of ~he debt hereby ucured piven by the MORTGAGEE or its wcutsors w auiqns, slull operats ~
:a release, d.sctwrge, r~wdify change or affect the ag~nal l~au~3~iy ot ~he JIM1GRiGAGOR herein, eiiher in whois w in part.
10. h is spec~fically agreed that Time is of the essence of this contract and that rw waiver of any obligaYwn hereunder or of th~ obl{p~tion s~- #
cured hereby shall at any time thereafter be held to be e waiver ot the terms hereof w of the instrument secured herby.
11. In add:tion to the foreqo:ng monthly paym~nts of princ pal and inrerest required by the promiuory nofe setured hereby, mo?tgsgor covenants
ar.d agrees to pay to mortgagee with cach mo~thly pay,nent an add~rional sum est~mated by mortgagee to be equa) fo 1~12 of the annua) tost of the follow-
ing:
A-All real property taxes levied or assessed against tk~ abave described rea~ estate.
B-Premiums on tire and windstorm insurar.ce as here+n requ~red to be car~ied on the improveme~ts situate on the above destribed premises.
C-Premiums on such mottgage guaranty insurance as mortgagee shall ftom time to lime deem 1it to tar?y on the loan secured h~reby.
Mortgagee shalt from time to time notiiy mortqagor in writ~ng of the amount due and payable hereunder and such sum shall the~evpon be d~e and
payable on the due date of the next monthly payme~t and each successive monlh thereafter urtil mwtgagee shalt notify mortgayor of a chanpe in wth
amount. Such sums sFall !x app~ied by mortgagee toward the payment of real property taxes, inwrance prem:ums, end mortgage ~uaranty -inwr~nce
~ premiums.
i
~ IN WITNESS WHEREOF, the said MOR7GAGOR has hereunto set his hand and seal the day and year finf afotesaid. ~
I Qned Se~led a livered the presence of: ~s `'-cyL$~0 ~o ~
I SZ..tu~!__:.~L',!iCY fl.A. ~4 C • ~ '
, V, _ _ _ _ ~?~5 \ ames . ang
~ Cl; ~.S C. :;i7 CCU~t ~Y q
~ ~fr^9~` r .j:,~ ~ ~
~ ~pf 10 3s ~M'~5 s
~ STATE Of~ 7~J~.~ ~ Qn ~
SS. ~~vaT~U
COUNTY OF
8efore me penonslly appeared J1~IDe5 C LanQ
~~+d
~ Jeanie Lanq h;, w~r~, to ms wsll known and known to m~ to b~
the individuals described in and who executed the foregoirg instr~ment, ~nd ~cknowkdged befo?e me fhat they ~a~cvted the same for ths pwpos~s
~ rs,ercin exp.esied_ Md rhe ta~ T ani - _~na =
w~(e of the ,aid James C. Lana
examinstan by me taken separate snd apart from her ss;d husband, ackrawl ~Po^ ~~P+~~tt ~nd ptWat~
edged ro and befo.e m~ that she executed said instrument fte~ly and volvn~
rariiy and without any compulsion, constraint, apprehens~~ or fear of or f:.,m her said husband. . _
WITNESS my lwnd and oi(iual seal thiL ~L _ day ,f Sentember , 0. 0. 19-Z~2 i
= J '
r. ,~~rin, . 7l ,L~t,1.r+,c+tnv
F Notary Public in ux! for the Sfat~ of'~~ ~
~ My Commission ~xpires: f:ut?~~ul~a •f~QU1Fi t~ui 1~1
R~t~,~ To_ ~r u~? ~ c~ ~b
~ _ ~ {
i firtf Federal Savings 3 loan Association ~ .
x
Of Fort P~erce. _ ! ~ r
~ Fort Pi~rce, florida _ ~ ' C: ~ .
:~~~:s~~:ni 4
~ f~~. i~ c~~
,f!'':•.,,.....•:;:~'; ,
~ This Instrument Prepared By Gary F._ fil lwood
: : ~ .
~ First Federal Savings b loan Association ~`:t:,
~ of Fort Pierce, Florida ''~~.s; ,
Checked By ~ 8001i~~~ i~4C{~~~
~
~
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_ ~ _ . . , . _ . _ w.-~~