HomeMy WebLinkAbout0449 3. To pl~c~ and cominuously ke~ on ~h~ bui!dinpi now a her~~ft~ ~itwN oe ~~id land ~nd on ~11 equipm~nl ~nd p~nonally oov~r~d by tht~ ma~
~p~, with ~11 pr~miums rhereon p~~d in f~ll, firo iniur~nc~ in tM u~wt sand~rd policy fam, in ~ wm •pao~.d by th~ MORTGAGEE. snd windstwen
insw~nc~ in ~Iw uswl ~rondud pot~cy fam, 4+ a sum ~pproved by ~M MORTGAGEE. in such company w companie~ u ~i+~ MORTGAGEE may
d'u~c~j ~nd ~11 tu~ •nd w~nds~orm i~sw~nc~ polic:e~ on any of said buiW~nys. a~y int~r~u the?~i~ or put tMrwi, in tM pp.epar~ ~wn ~foi~s~id ar
In ~xc~ss tharwf. ihall contain tM uwai tNrdard ma~pa~ cl~uN a tuch o~F+u cl~us~ ai fh~ Mortpa9N rtwy rpvw~. ma?inp Ih~ lois unde~ sud po1E
ci~i, ~~ch and we.y, payabl~ ro aaid MORTGAGEE as in inte~est m~y ~ppaa?, and each ~~+d ~v~ryr iuch policy ~hall b~ promptly asf.pn~d and d~livtr~d ro
~~y MW by taid MORTGAGEE ai funher uturity to said mwt~~ge deb1, and, not lea th~n ten (101 days in ~dwnc~ of tM ~xplration of ~~ch polity, to da
liwr to said MORTGAGEE a r~newal tF~ere~f, to9e~F~ wiih ~ recelpt iw tM pr~.nivm of ~uch r~n~w~lj and ~h~r~ aMll M ra f~r~ or wj~d~tam inwr~nc~"
plac~d on a~y of aid buildiny~, ~~y interett fherei~ or parti thereof, untess i~ tM (o~m ~nd wifh IM bss payabl~ ~s •fa~s~Wj and In th~ ~v~nt any tum
of mon~y becom~s pay~ble ~ndsr such palicy a polici~s said J?10RiGAGfE ~F~etl Mw tM option ro reuivs and ~ppty tM ume on ~ccouM of tlw indebted-
neu setured F~traby w b permit said MORTGAGORS to'receiw Md ut~ if or any parf thereof 1ar othe~ purposet, without thsreb/ waiving or Knpair-
inp ~ny pv~y, li~n o~ right unda or by virtw of thi~ m~tyage; uxl fe~ tM ~v~nt ~aid MORTGAGORS tha~l fp ~ny r~awn f~il to ke~p tM said p+smiiss w ,
lnsured, or laf) ro deliver p~omptly any ol said po~Kiei of in~uranu ro sa~d MORiGAGEE, w fail prompNy to pay fvlfy ~ny pr~mium thertlp w io any
r~spect fail b pafo~m, dixh~rge, eaecute, atfed, complets, comply with and ~bid~ by this cov~nanl, w~ny part Mrwf, said MORTGAGEE may pl~u and ~ °
pay (w such i~surance w ~ny psrt Ihereof without wsivirg or afteNinp ~ny option, lien, eqv~ty, or ?i~hl vnda or by vbtw ot this Mortqape, ~nd the ' °
tvll amo~nt o1 eath and ~very such payment ~halt 6e immedi~tety dw and payabl~ ~nd ~hall b~a~ interest fram tM dat~ thereof until paid ~t tM raf~ of
n7n~ per tantum per annum and to~ether with iuch interest shail be secured by th~ lien of thi~ mwt9ape.
1. To permit, canmit or suffm rw wut~, impairment w de~er'aruion of wid prope.ty w ~ny part tM~aof.
5. To pay all end singulu the costs, cM?ges and expe~se~, ir~cludinp a ro~wnabk attwney't fes and co~n of abstrsctt of titl~, incun~d w p~id
sny tlme by said MORiGAGEE, becavse w in the ~vem of tM fail~re on the pah of th~ said MORTGAGOR to duly, promptly •~+d fu~lr P..fo~m, d+u?wg.,
e,ecurs, ~ffect, complete, comply w~th and ab:de by each and every tha stipula~wr?i, ~greements, condit~a+s, ard covenants ot said promiuory not~ and thii
mort9ap~ any a eirAer, and sa~d costs, cMr9ct and expenses. esch and ewry. sMll b~ immediately dw and psyabtr, whethtr w not tMr~ be notic~ dr
msnd, anempf to colkct w suil pe~d~ngj and ehe fuq amo~nt of escA end every such payment ihalt bear interest from the date ihereof ~ntil paid at th~ `
rate of nine per tentum per annum; and all uid cosls, chsrges and exponses inturred w paid, tog~the~ with such inlartil, ahall b~ Ntu~ed by tM litn of thi~
mwtya~. '
6. iMt in ths event of any breach of th:s Mortgsya w default on rhe part of the MORTGAGOR, or (b) in tl+e fveM ~ny oi ssld sums of morkY ~
herein referred to be not promprly ~nd fully paid within thirty (30) dsys next afrer the ume severally become dus and paysbte. withoul demand p~ nptice,
or (c) in the tvent each and wery the s?ipvtat~o~s sg~~cm~nt~, conditans snd covenantt oi ss~d pomisswy note ard this mortpap~ any p ~ith~r ue nol
iuly, promprly and fullY performed, d~scharped. execu~ed. effectad. compl~ted. complied wifh ae~d abided by. th~n in eifh~r or any such ~wnt tFK aid aQ~
preyate sum mentioned in said promisswy note then remainirg unpaid, with intNest utrued, ind all money~ setured hereby, tMll become dw and pay-
abk fathwith, w thereafter, at the oprion of said MORTGAGEE, as fully and completely as if ~II of the said sums of monty wer~ piginaily stipulated
to be paid on such day, anything in sa~d p~omissory noee or in this Mortyage to the contrary notwithsfandin~j and ths~eupon w there~fte~ a1 the option of
said MORTGAGEE, without ~ot~ce or demand, suit st law a in equity, there(we w thereaf~er begun, may be prosecvted u N ~II mon~y~ sewr~d he~eby
had matured pr~o~ to ~t~ ins~it~tion.
7. That in the event that at rhe bcg;nntng of or ~I any time pending any w7t upon this Mwtgege, or to forectost h; or ro rofwm (t, or to enfap
paymeM of any tlaims hereunder, said MQRTGAGEE sh~tl apply to tM Covrt having jur~sd~aion thereof ior the ~ppointmem of ~ Rec~ive~, sucb Coun sMll
forthwith ~ppoint a receiver of said m«tgaged property all and singular, includ~ny all a~d singulu tM irxome, profiri, issws and revenues from whatever
source derived, eath and every ot wh;ch, it beinp expresaly vnderstood, ia hereby mortgaged ss if specifically se1 fwth and destribed in the yrsntinp and
habendum clauses hcreoF, and such Rcceiver shal: have elI ~he brosd and ei(ective furtct~ons and powe.s in anywise entrusted by ~ Co~rt to • Receiver, and
•uch appointment ihalt be made by such Court as +n admiteed equity and a matter of absolute right to said NWRTGAGEE, and without referenc~ to ths
adequacy a inadeqwcy of the value of the property mortgaged w to the wiverxy w insowency of said MORTGAGOR a the defendants, snd that t~ch
rents, profits, income, issues and revenues shall be applied by suth Receivcr xcwding to the lie~ w eqvity of said MORTGAGEE and the practite of such
Court.
8. To duly, promptly and fully pei(orm, diuMrge, execute, effcct, complete, comply with and abid~ by esch ~nd ewry the ttipul~tions, ayreements,
conditioru and cove~anis m sa~d promisswy note and ~his mwtgage set fath.
9. That in the event the ownership of the mortgaged premiaes, or any part thereof, betomes vested in a perwr? othe? than fhe MORTGAGOR, tM
MORTGAGEE, it~ successors and ass~g~s, may, without not;ce to the MORTGAOR, deal with such svccessw or succesaor in interest with referente fo this
mortgage and rhe deb~ hereby secured in the ~ame m~nner as w~rh Mortgaga w~thout in ~njr way viliatinp a diuharging the tAortflagors' liability here
under or upon the debt hereby secured. No sale of the premiset hereby mortgaped a~d no fprbear~ntw on Ihe p~rt of the MORTGAGEE w its sutcessors
or ass~g~s and no exte~sion of the time f« the payment of the debt hereby sccured given by the NtORTGAGEE or its iuccessor• w auigru, ihall operat~
to retease, d~scharge, modify change w~ffect the original Nab~Gty of ths INORiGAGOR hcrein, either in wfiol~ oa in parf.
10. It is spec~fically agreed that time is of the esse++ce of th~s connact and that no wsiver of amr obligation hereuoder w ot tM obliyation se-
cured he+eby shall at any time thereaiter be held to be • waiver oi ths term~ Ixreof p of the i~strurrKM setured F~erby.
I1_ In add.t~o~ to the forego:nq monihly payments of princ'pal and interest required by the prom~uory npft secured hereby, rtwrtgsgor covenants ~
and agrees to pay to martgagee with each momh~y payrnent a~ add~rional sum estimated by mwtgagee to be equal t0 1/12 of the annual cost of the fo~fow-
mg:
A-All real property taxas levied or assessed agai~st the above descri5ed real estate.
B-Premiums on (~re and windstorm insv~ar.q ~s hercin requ'aed to be carricd on the inprovemenri sitwte on. ttw ~bow desvibed premises.
C-Premiums on such mortgage guaranty i~surar~ce as mortgagee shall from t~me to time deem fit to tarry on the b~n secured hereby.
Mo-tgagee sha11 from time to !ime nof~fy mortgagor ~n wr~t:ng of the. amount due. arxl pay~ble hereunder and such sum sh~ll thereupon be due and
payaWe on the due date of the next monthly paymeM and eath successive month thereafter uMil monqagee shall notify mortgsgor of a change in such
amount. Such sums shall be applied by mwtgagee ~oward the payment of real property taxcs, insurance p~em:ums, and mortgsge guaranty insurance
premiums. ,
IN 1NITNESS WHFREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid.
S~ned. Sea ~ed ar~d de3i in the presence of: . z
~ :1• .:-g ~.~r
' ~i • - F ib. r..~e --~C ~ ~j Ey fSe~q ;
~ ~ ~ ~ $'ra' . ~ ~ G. B. a tezs n r
I • ` ' _ ~ " - ~ .~i _
; - . - - . . ~Z - cs~~n
j • ~ Alli~ce Walters ,s,~
~ ~2j L27~M'1~ _
STATE Of FLORIDA
~ COUNTY Of SZ • LUCl@ ~ ~ i
~ Befae me Y PPe Cs B wait@!s t~.;~~~~~ €
penonall a ared • •
and
~ Al l f e-~ Wa 7 0~ his wife, to me well known •nd known fo me to b~
~ the indvidwts described in and who executed the fore9anp instrumenG ~nd ~cknowledged before me that tFwy executed the sarns for the purposes
therei~ expresied. And thr said Allieee walters
~ «~fe of tt» wid C+~ R~ Wal t~ZS upon a sep~r~t~ a~d privat~
s examination by me ta4en separate and apart from her said hvsband, acknowtedQed to end before me that ihe execvted s~id instrument freely and voluo-
rerily and w~thout any compu(sion, constraint, apprehension, or feu of or from her saed hu~band.
WITNESS my Mnd ard official ual this Z~~t" day of Noveaber ~ p. _ 19 75
F
. Notary P~blic in ~nd for the St~t~ of Flor' larp~
My Commiuion ~xpires:
t Return To: • • ~ ~
~ first Fedcral 5evings a Loan Association
! Of Fort P:erce.
c
i Fort Pierce, florida
Fi
t .'.ll~~~~111~1:J~,
_ ~ iy,_
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This Instrument Prepared By Jahn W. Collins ~
` First Federal Savings 8 Loan Association ti;- r d~'.t ,
s ~ of Fort Pierce , Flo=ida 33450 ~ ~ , . ~ s •
, ~~D . . EGOI~~ ~5 ~~F 44~-3~. ^ ~,l;. ~ _
Checked By L~-- , ' ~ r .
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