HomeMy WebLinkAbout0439 3. To place snd ccn~inuousty keep on ~ne bw ~f~~•c~t now o~ he~eaher •~we~e on se~d land and on all cq~ipmenl •nd p~rwn~lly covered by Ihis mortp~
~p~, with eli przmiu~nf t~ereo~ pe;d in iull, Iur iu~•~rent6 m ~lu wu~l i~e~dard po'~ty form, ~n ~ wm aHWo.ed by ~he MORfGAGEE, •nd wind~~orm
inwrencs in the u~wl s~ande.d po~.cy lonn, in • wm approvad G~ ihe MURTGAGff, in aucA can{:~~y or compan~es u tM MORTGAGEE m~~
dirsct1 ~nd all iire and w~nJ~wrm InfWdn~e palcc~es on sny of se~d o~,~~d~nps, ~ny inl~r~st therein or part thersof, in tM ~9grop~~a svm •fwct~id or
In eacets ~hercoi, sAall ;unr~in the vs~~el ~TandarJ ma~gayee ciause or fuch o~he~ clsus~ tM Mwtgagee m~y ~eqwr~, maAinp ?M Ios~ unda~ ~s~d pol~
cies, each and wrry, parabie fo said MORIGAGEE as ~n ~n~eref~ rnay appaa~, sr.d each •nd avary tuth pouty siull b~ p~omptiy at?yned a~d deln~red ~o
any heid by sa~d MORIGAGEE a~ iunh~r t~•w~ity ro so~d ~~:or~yage debt, and, rwt les~ tlun ten (10) dayt in ad+ance of the eapu~tion of each poi~cy, to d~-
iiver to said MORTGAGEE a ronewsl therrof, to~e~ha~ wilh a rece~pt 1or the prrm~um of wch renewal; and ~her• fhall b~ no f~re o~ wi~~eisiorm iniuronc~
placcd on ~ny of sa~d b~ild~ngs, any i~itrrest ~herem w pert thercrof, unt~is in dx form and w~th ~he loss paysble as a(oresa~d; a~d in"the ev~M •ny sum
of moosy becomes payable under svch policy or poLcias seid MORTGAGEE ~hall have the op~~oo ~o ~ece~ve a~d appty Ihe un,e on ~ccount o~ the mdebtcd
ness ~rcured hereby a ro perm~t faid MORTGAGORS to rece~.e and use it or sny parf theroof for othc•r purposes, ~vi~hout thtreo~ waiving or unpai.-
iny any equ~ty. Uen o~ r~ght ~nder or by v~rtua of thfs mongage; a~d ~n the evem w~d MORTGAGORS shall (o~ any reaton fail to keep the s~~d p~zm~srs so
insured, o~ (ail fo deG~e~ prompNy any of sa~d poGc:es oF insu~ance to sa:d MORTGAGEE, or fa~l promprly tp pay tu+ly ~ny premwm therefor a in any
iespect tail to perlo~m, d;sch,rge, execute, eitect, complete, comply with and abide by this coven~N, or any pe~t hereof, ~eid MGRTGAGEE may pl~ce a~+d
pay ta tuch ins~rance or any part thrreot wiN~out wanmg or atfecting any option, tien, equity, or r~yht under o~ by virtua o( this Mortgafle, and the
iull amovn~ of racn a~~d e~ery s~ch paym.:nt ahall be ~mmed~ately due and payebl~ a~~d shall brar iNC~rst from Ihe date thereof un~il pa~d tl th~ rate ot
n]ne per cent~m per annvm anJ to3ethrr wi!h suth inte~~st shaii t,e s~•c~red by ~he Gen o1 ~his mortpage. '
1. To permit, cemmit w suffer no waue, impairment o? detrrio~ehon of said pruperty w any part thereof. '
5. To pey sll and singuiar the cost~, cha~get and e,epenaes, ~rcluding a ~easonable attorney's fee +~d costs of ~bst~atts of title, incurred w paid a~ ;
any time by sa~d MORIGAG',E, because o~ in the event of the fmiure on Ihe par~ of ?iie said MORiGAGOR to duly, promp~ly end fvlly perform, d~uhsrg~,
execufe, effeu, c~nptere, compl~ w~th a~d ab.de by each and every ~he si~pu:a~~ons, agreaments, cond~t~ont, and covenants of u~d prom[sso?y note and thi?
mptgsge any or e~ther, and sa;d costr, chargrs a~~d e:pcnses, each and every, shall be immedistely due and payatle; whether q not there b~ ootice da
mand, attempt to cotfect o~ wit pcnd:r,g; and ~he full amoum of exh and e~ery such paymen~ ahall bear in~eres~ from Ihe dale thereof until paid ~t the `
ra~e o! n~ne per crnr~m yer amwm; and aU said coa:s, cFargea end e~;~enaes ~ncurrcd w pa~d, toge~her wuh such inte~e~t, sMll b~ setured by the iietn oi tha 1
mortgsgs.
6. Thal (a) in the rvent of any b~rach of this INor~yage or deFault on IF~ part o( the N,ORTGAGOR, or ;b) in the eve~t •ny oi sa~d sums of mooey
herein rcfe~red to be not prcmptly and fu~ly pa~d w~t~,in th:rty ~3U) days neat airr~ ~he same severaSly beco~ne due and payable, without demand or notice.
or (q in tAe ev~n~ each and every ~he ~nputa+~ons, agreemenrs, cond~e~ons and covenants of sa~d pronisso?y rsote and th~s mor~gage any a ei~her aro not
~uly, promptly and f~lly perfor~r,ed, d,~charged, e+cecuted, effected, completed, compl~ed with ar+d ab~ded `~y, tF~en in eithe~ p any tuch tvent the said a~
gregate sum men~ioned in said provussory r.ore then remaining unpa~d, wiih interest accrued, and atl mpneys secured hereby, ahall become dw and pay-
able forthw+th. or therea(ie~, at the opnon of s,:d A10RiGAGEE, as iully and complttcly as if al! of the said suma of mooey were aiginatty st~pulated
ro be {x?~d on such dsy, anything In sa,d prc~n~ssc+y noce or in this Mort9agc to the comiary notwithstand~ng; and thereupon or the~eaftn at 1he opt~on of '
sa~d MORTGAGEE, w~thout nonce or Oeme~id, svit at tew or in equdy, therefore o~ thereaher begun, may be prosecoted as if all moneys sacured hereby
rad matured pnor to ~ts inst~!ut~on.
7. Thar in the c:ent rhaf at ~1,e beginn~~~g of or at any t~~ne pending any su~t upon tfiis Mortgage, o? to foretlose it, o~ to reform it, or to enforce
payment of sny daims hereund•_r, said 1~1URTv::GEE shat! apply to the Cou~1 hsving jurisd:ction Ihereof for the appointment of a Rece~ver, such Court sha+l
forthwith appoint a:rceiver of s.+id mortgaged proparty a~l and singular, includ~ng all and s~ngular the irtcome, prof~ts, isaud and rerenuta }rom whafever
saurce derived, each and every of wh:ch, 1r be~ng express:y undersrood, is hereby mor~gaged as if spec~(icaily sN forth end described in the gr~ming and
habendum c+avses hereof, and such Recel~er sha~i have alf the brnad and eifecr~ve funct.o:~s and powers in anyw~se emwsted by a Couri to a Receiver, and
s..ch appoint~nent sha11 be maJe by such Co~rt as an ad~nitted equrty and a matter of absolule rigM to said MORTGAGEE, aod withoot referente fo the
adequacy w inadeq~aty o1 the val~e of the property mor~gaged or to the savency o? insoivency of said 6!ORfGAGOR w the defendantt, and that such
renrs, profns, income, ~ssues and revenues shall be appiied by svch Receiver accord~ng to the lien a eq~~ty of said MORTGAGEE and the practite of suth
Court.
8. To d~fy, prompt!y and (ulfy per(o~m, d~scharge, execu+e, effec~, comple~e, comply with and abide by each and every the stipulations, agreements,
conditions and covenann ~n sa~d promissory note and lhis mortgage set fwth.
9. That in the event the ownersh~p of the mortgaged premises, or any part thereof, becomes vested in s person other thsn the MORTGAGOR, the
.~',ORTGAGEE, its socce:so+s ar.d assigns, may, witho~t no~ice to the MORTGAOR, dea~ w~th such successor a successor in imerest with reference to this
rro~~gage and rhe debt he~eby secured in the same mannzr as w~th Mortgagor w~thout in any way vitiating p dixharging the Mortgagori tisbility here-
~nder a uF~on the debt he~eb~ secu~ed. No aate of the prem~ses hr~eby mortgaged ar.d ~o fwbeara.rte on the part of the MORiGAGEE or its tuccessws
o+ ass~g~s and no eztens~on of the time fo: fhe paymenf of the debt hereby secured given by the MORTGAGEf or its successors o? ass~gns, shall operate
ro release, d~scharge, modi(y change or aftect the ony,nal (iaa~t~ty of the MORiGAGOR herein, either in whole or io part.
10. 1t is sFec~ficatly agreed that time is of the essence of tkis contrsct and that ~o waivtr oi any ob?igatan hereunder or of tM oblig~tion sr
a~red hereby shall af any time thrreafte~ be held to be a waiver of the terma hereof or of the inslrumeM setured herby.
I1. In add.tlon to the fcrego'~~g mcnthly paym=nrs of princ pa! and interest requ~red by the promissory note secvred hereb~, martgagor covenants
~~d agrces to pay to morrgagee w:th each mon~h~y payr~,ent an ad3r~onal sum estm:ated by mortgagee to be eq~al to 1;`12 of the annual-cost of the follow-
~,~g:
A-All reat propeny taxes tev~ed or assess~u eya~~~st thc abo~r desc~i5ed rea! estare.
B-Prem~ums on f~re and w~~ids!o•m insurarce as nerein requ~red to be carned on the improveme~is situate on the above dascribed premises.
C-P~emiun:s o~ wch ~art~;ge gvaranty insurar.ce as mortgagce shail from rime to time deem fit to carry on the ban secured hereby.
' blortgagee sha~i ~rcm time to f~,ne norHy mcrrgagor ~n writ~ng of the amou~t d~e and payable hereunde~ and such sum shall thereupon be due ~r.d ~
~ cayab~e on the due oa~e ef th~ nexr n,onfhiy p.~yment and each successive month thereafter urail mortgagee sha!I notify mortgagor of a change in such
E ~-rount. Such s~ms s~a i be app:~ed by mortyoyea toward tne payrr.ent of real property taxes, insurance prem:ums, a~x! mo~tgage g~aranty insurance
{ premiums. ~
~ s
IPJ WITNESS V~HEREOF, the said MORIGAGOR {~as hereunto set his hand and seal the day and yesr first sfaeuid. +
~ Signed, Sealed and delirered in the presence of: r D T.
fILEO AMD kECQA~E~ ,PI~~ t- CG~c
~ _ - S1,WCjE CQUM1Y ~ evin . c e arner
• RG"vEF ?YTR~i
~ CIERR ~~~+.~UlT COUR1 \
~ RECOP~"~`+i~~£~'+~~~ aren c e arner ~'n
~ - ~ - sea~
STATE OF FIORIDA 3p 1 zs P~'15
St . L~~c ie
~our~nr oF - ~AA~O~
Befine me penonahy appeared - _E~eV lil .1. Eckelba r~er ~b13 s~
_ ~aren .J. Eckelharger h~s W~re, to m2 well known and know~ to me to bs
the ind~viduats described in and who executed the fo~egoing instrument, and scknowledged befwe rr.e that they executed the same tor tha purposes
therein expressed. And the :a~d-____-_ Karen .1. EckeLbarc~er
Kev in ,1. Ec kelba r e r _ upai s sepsrate +nd pirv~t~
r.~fe of 1he said ~
exam;nat~on by me taken separate and apart from her said husband, atknowledged to and before me that she exetuted said instrument freely and vol~n-
,anty and w~thout any compulsion, constraiM, apprehen ~on or fear of w from her said husband.
WITNESS my hartd and oific~al seal this__ ~Z' _ day of December q, p, ~q 75
~
s-, Notary ?ublic in ~nd or State of Florida et L~rpe
My Commission experes:
~ Re~urn To:
First federal Savings d~ Loan Associatlon ?lotory Pubpe. StaM o~ Fbrida et lo*p~
f My Ce~nmissien [xpins July 24, H77
~ Of Fort P.erce.
~ ~ona.e by ti,.+~ee~„ r~~ a ea.,,~,, eo. ;
~ Fort P~erce, Flor~cla ~
~ ~
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This Instrument Prepared By ~ary F, Fllv*ooc? -
~ ~ • - ~
~ First Federal Savings & Loan Association _ = . _ . -
of Fort Pierce, F lor ida ~
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~ Checked BY ~_1z____-- BUUr ~ ' 4~ " j . , ~
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