HomeMy WebLinkAbout0148 7. To plsce and con~~nuo~~siy keep on ~he b~~:d.ngi now w hereefter ~ituo~e on ~e~d land and a~ all equip~nrnl ~nd peraonaliy cove.ed by this mwlp~ . ,
ags, with •II prem~~ms thrreon pad ~n (uU, firr ~nsu~ance in the uwai standard pol~cy lorm, in a sum ayprored by the MURTGAGiE, a~d windi?o~m
insursnca in tha uiu~l ~•endard pu::cy ionn, in a avm appro.ed by 1be MORiGAGEE, in such compa~y or camp~n~es ~i tM MORIGAGEE may
Jirect; •nd all firs and w+rxlawrm insuraoce pohc~« on ny o( so]d bu~~d~nys. any imeres~ there~n or parl Ihareof, 3n 1M apg~e9ate wm afacsaid or -
in excesi thereof, ~haU cu:~tain ~he uiual sta~~dard nwrtyapae clause or wch oiher cl~use ~s the Mo+t9a9ae may requ~n, ms?iny t1» 1ou und~~ ~a~d polt
uas, each ~nd eve~y, payabfe to sa~d MORiGAGEE as ~~f ~ntereit may sppe+r, and each and ave~y •uch poGcy ~hall be promptly ~sa.fl~ed ~nd delivered 10
any hrfd by sa~d !V~ORiGAGEE as fur~h~r ~rcunry ro~a~d mw~gage debt, and, not lesi than ten (10) dayi in advance o) the expirat~on of each policy, lo d~-
liver to said MORTGAGEE a renewal ti~ereoi, toge~her wi~h a receipt (or the prem~um of such renewsf; and ther• shsll te no Gre or winditorm inavrance
placed o~ any oi sa~d bvddmgs, any interest there~n or part thereat, unleas in ~he form and wiih Ihe los~ p~yable as sforosaid; and in th~ event any sum _
oi money becaroes payrbte ~ndm such pol~cy er po!+c~as said MORTGAGEE shatl hsve ~he option ro receive and apply the sam~ on account of the i~~debted-
ness secwrJ heraby w to permit ~a~d MGRiGAGORS to recr~va and use it o~ any pa~~ ~hereof fo~ other pu.posrt, w~rhout th_reb~ wa~vi:~g or ~n~pau-
ing any eq~~ty, !ien or r~yht un~er or by vir7ue of this mo:~gage; end in the even~ ~a!d MORTGAGORS shafl for any roason (ail to keep the said promise~ so
inwred, or (ail to de~iver pron,pHy any of said pol~ues of insuran<e to sa~d A10RTGAGEE, w fail Frompily to pay fully any p~cmium therefa w in a~y
rc~pecl lail to pe:form, d~sche~ge, eaecure, effect, comp~ere, comply wirh and abide 6y this covenant, or sny part hereo(, said~110RTGAGEE may pl~ce a~ed
pay (or such insurante or any part 1Fereo( wi~houf wa~ving ot a(fecting ~ny aption, lien, equity, or right unde~ w by virtus oi'Ihit Mwtgage, •nd tht
f~il am~vnt of -ach and every such paymrnt shatl be imnzrdiate!y due and pt+yable and shaq bear inte~est irom 1M date thereof uNil paid at the rats o1
r;ne ~xr can!~m per ann~m and togrlhr~ wi~h such inter'rs~ shall ue aecured by ihe lie~ of Ihi~ mwtgage.
7o permit, co~n~nit ot su(ler no waste, impai~ment w deterioration of taici pro~rty a any part the~eof.
5. To pay ell and singular the costs, charyrt and expe~sea, including a reasonable attaney's fee and costf of abstrodt of titie, i~:ur~ed or paid ~t
any lime by said MGRTGAGEE, because or in t}~e event of the ia~iure on the par~ of the said MORiGAGOR to duly, promptly ~nd fully perfwm, dixharg~,
rxecute, efirc~, comple~e, tumply wuh and ab:de 6y ejch and every the stiputatrons, agreements, conditions, and covenants ol said promiasory note and thii
mortyage any or either, and ea:d costs, charges and exprnses, cath ar.d every, fhatl be immedietely due and payabte; whether w not there be ~otice da
mand, attempf to colied or suit pend~ng; end the full amovnt of each ar:d every svch payment ~~alt bea~ in~eres? from the date thercof umil paid a1 the
r~re o! n~~e per crmum ~•er annu:n; anc: aI1 said costs, charges a~id expenses inc~rrnd or paid, ~oge~hrr w:th such interost, ~hall be secured by tM iien ol thu
mort9age.
6. TFaI (a) in the event of any breach of thes Morigage o~ defaul? on ~M part oi the MORTGAGOR, or (b) in the event any of sa~d sums of money
herein ~eferrrd to be not promNtly and fully paid wirhin th~rty (30) days next after tfie same uv~ra!ly become due and payable, without demand or notice,
or (c) in the event each and every 1he stipulaNons, agreemeNS, conddiony and covenants of ss.d promisswy nole and th~s morlgage eny a either ere not
iu!y, promptly and fully periormed, d~scharged, executed, effected, completed, compl~ed w~th snd ab~ded by, then in e~ther or any such event the seid a¢
gregate sum mentiar.ed in sa~d promisswy note then remaining unpa~d, with interest sccrued, and afl moneys aetured hereby, shall become due and pay
e5te ~orthwith, o~ rhereafter, a~ the oprion a( sa~d MORTGAGEE, as fully arxl complerely as if all oi ~he said sums of money were originally st~pulated
to be pa~d on such day, anyth~ng in aa.d pro:n~ssvey oote or in this Mortgage to Ihe contrary not:v~thstandirg; and thereupw~ w thereafter at the option of
sa~d H10RTGAGEE, w~~hcut nonce o~ demand, su~t at law w in equity, thErei~re w therealrer be9vn, may be prosecuted ~t if all mo~eys tecured hereby
had matured pnor to as inst~tunon. '
7. Thet in the eve~t that at the beginn~ng of or at any tir.ie pending any suit upon this Mortgsge, a to fo?eclose it, ot fo reform it, or to enforce
payment of any daims he~eunder, sa~d MORTGAG:E shali apply ta fhe Gourt having ~urisd:chon therep( ~or the appointmeni of • Receiver, suth'Court shsll
fcithwith apFwint a receiver of s~id mortgaged property all and singutar, inclvd~ng ail ar.d singular the incomt, profifs, issues snd revenues from whatever
source derived, each and every of wnich, n bemg expressly unders:ood, is F.ereby mortgaged as if spec~fically set fo~th and desuibed in the yronting and
habendum da~ses hereof, and s~ch Rece~~er ahall have all the broad and efiecrive funct.ons md powers in anywise emrustad by a Covr~ to s Receiver, and
s~.:cn appointment shall be made by such Covn as an adm~teed equity and a rr,aner of absotu~e right to sa~d MORTGAGEE, srtd without refererxe to the
adequacy w inadeqvac~ o( the valut of the property mongaged or to the sorventy or insolrency of aaid MORTGAGOR or the defendants, and that such
re~rs, profits, incane, iss~es and revenues shali be applied by such Reteiver acwrduzg to the fien w equiry of said MORTGAGEE and the praUite of such
Court. ~
E. To duly, prompdy and fully pcrform, d~xharge, ex«vfe, efiect, co~.+p~ete, comply wl~h and abide by_ each and every the stipulatioos, agrcements,
:ondit~ons and covenams ~n ia~d promissory note and this mwtgage se~ forth.
9. That in the event the ownersh~p oi the mortgaged premises, or any parl thereof, becomes vested in a person otiKr ths~ the MORTGAGOR, the
N,t~RTGAGEE, its successas and as:~gns, may, wi~hou~ noirce to ~he MORTGAOR, deal w~th such successw or successor in interesf with reFerence to this
mortgage and the debt hereby secured in the same ma~nar as with 1'Jiortgagor without in any way vitiati~g p discha~ging the Mortgagori liability here-
~,;nder or upon rhe debt herrby sewred. No aale of she Frem;~s hereby mortgaged and no forbearance an thQ part of the MORiGAGEE or its sucussor~
o~ ass~9ns a~d no extension o4 the ti~ne fw the paymenl of the debt hereby secured given Ey the MORTGAGEE or its svtcessors ot suigns, siull operate
rc release, d~scharge, mod~fy ch;,:~ge er afFect Ihe orig~nal i~eb.;,ty of the MORTGAGOR herein, eitFxr in whole o~ in part.
10. It is spec~f¢aily aqreed ~hat time is of the essence of ,this contrad and that rro waivet of any obfigation hereunder or of the obligation se-
c~red hereby sha11 at any tirae therrafter be Fw_k/ to be a waiver of the tenns hereof or of the i~strument secured he~by.
11. In a3d.c~o~ to ~he foregc ~~l •'~onth(y ~,ay~~_nrs oF pru~c paI and inrerest requ~red by the prom~ssory note secured hereby, mortgagor covenartts
a~.d agrces ro pay ro mortgagec v+~th each monrh:y ~;a~r ent an adJ~nonal sum es!~mated by mortgagee to be equal to 1! 12 0( the annua~ cost of the follow- i
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A-AIt rtal property taMas le•n<d or ass~ssed aga;~isr thc above described reat esrate. S
B- Prrm~u:ns oo f~re ar.d w~ndstorm ~nsurance as herc~n requ~red to be carried on the improvernents situate on the above described premises. • !
C-Prem;u^~s on wch morrgage gua+anty fnwra~ ce as mortgagee shatl from f:me to time ~eem fit to carry on the loan secured hereby. ~
Mortgagee s~~;~ 'rem n~:,e to t~me ncr~S~ mo•tgagcr in w~~t~r:g of the arnovro due and payable hereunder snd suth sum shall thereupon be due and
:~;abte on the due dute of ~he n,~+t rnonth:y payment and each successive momh ~hereafter ur.til mortgagee shall notify rnortgagor of s change in such
ount. Such surr.s sFaii be ap;.:ied by mortgagee toward the payment of ~eal property taxes, insurance p~em:ums, and mwtgage guaranty insurance
p~emiums- , -
; IN WITNE55 WNEREOF, the said MORiGAGOR has h~ereunto set hiz hand and seaf the day and year fir t a(w said. I
~ Signed, Sealed and deliveced in the presence of: •
, _ , .C ~-~U~C
' f~~fo ~NC~ pECOROeo ~ ,n
i J~l~j- ~_/l~ 'ii~;:: lloway
~ 57. lUC1E COUNTY FU. W i 11 ia .
~ fiOGER P01TR~S ~ %l+
~ CIEAK C~3Cl!?T CO~RT J n E. H oway a~
~ ' ~ ' t' J RECOR~ VERIFIED
f _ ~==~==T- ~ rSeaO
p ,
~ STATE Of FLORIOA ~ 'O 42 ~ ~75
~ COUNTY OF SL • Ll1C IP ' ,~23~~ ~
~ W i 11 ia ~ J No 11 owa ~ `
Befwe me personally appeared • y
_ _ Ocl i1 E. Ho l lowa y his wife, to me well known and known to me ro be
thr ind~viduals desuibed in and .•.ho executed the for ~oing instrument, and acknowledged befwe me that they executed the same for the purposes
iherein expressed. And the aaid__ J~n H~'ylON~y
~ ~~re of the said w 111 la~ . HOl 1011i'd V upon a up~rafe and pirv~t~
~ exam~nation by me taken separate and apart from her said husba~d, nckr?owledged to and be~ore me that ~he exetuted said irutrument freely and volun-
~ rar~ly and wnhout any computsion, constrairt, apprehen or fear of or from her said husband.
~ W~TNE55 my hand and official seal this- day of ~~~b ` A, p, ~q 75
c
~ ~ ~ „ / / _ / '
~ ~ -l~ c'~ +j-I ?}e~(. 'iC~~ _C'.~-~.Y! ~
, ~ Notary Publit in and for the State.of fbrida t larye
- - " My Commis~ion expires:
~ RNUrn To: ~ ~ yc~-_. ~ f~ ~.~-f
first Federal Savings 3 Loan Assoc:at~on ~
~ Of Fort P erce.
Fort Fierte, florid3
~ ~
~ ` ~ ~v~".~.~•'' f~iG; .
~ This Instrument Prepared By J~ H. Roberts, Jr. f~ n T~. "
~ First Federal Savings 8. Loan Association _ y=.~ , 4 ~!l}'_
o '
~ , of fort Pierce ~ F10 rlda = -r ~ .
r t ~ ~A~`4ele ~ ;
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y Checked By ~t _ !1'2 / i _ : ~4V 'r ~ •
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