HomeMy WebLinkAbout0268 3. To place and cvnnnuo~~aly keap o~ the L~~.:i~ngs ~~oo+ o~ h~reaftzr i~}.,a~e un soid la~d and on a!I ~:~.:~p•nent and penonslly covrred by lhis mort~
p~, wi~h •11 prem~ums thn~eon Had m f~;l, iirr ir.:~~once in the ~a~al s~e~:dard po:~t~r form, i~ a sum aHpro.ed by the AAOR~GAGEE, a~~d windttorm
inWrarK~ in the utwl ?t•~,a~~d Fo:.cy torm, in a,um ap(ro.rd by tha MORTGj1GEE, in suth tompany o~ companief ~3 Ih* AS~RiGAGEE may ~
dirac~; ~nd •II firs and w~nds:orm miurance pul.c~et on any oi sa~d bu~ld~ngs, any inte~es~ therem o~ Nart ~hereoi, in the ~gg~rga~e ~~m afo~~said w _ j
In exceu thereof, sha~~ conrain the ~sual s~a~~d~~d ~nu~~gagee cla~se w ~~~ch o~her clauic as Ihe Morty~yee may ~equ.ro, m~kir~y ihr lo~s undsr u~d polf
cies, each a~d every, peyat~e ~o ?a~d MORTGAGEE a~ ~t? infe~est may apprar, ar~d eech aix! every svch•~.vl~cy af~ali be p~omptly aisg~~ed a~~d delivered ?o ~
•ny held by ~e~d hItORTvA~FE as tur~hrr secunry io se~d mor~gage dabt, end, not less ihsn ten (10) days in ad~ance of ~he expuarion a( each policy, to d~-
I+v~r to ~aid MORTGAGEE a roneN~al therco(, toge~t.e~ with a rece~pt for the prE~~uum of such ra~ewal: and thero shall be ~w hre or windswrm Inwranc~
pl~ced on any o) said build~~gs, any inirrest thrrein or part thereof, unlea~ i~ the lorm and w~~h :he ~os~ p+yeble as aforrsa~d; end in ths evanl any sum
of monQy lxcane~ payablr ~ndar such poGty w poLc~es seid A10kiGAGEE si~aN have the op~~o~ ro rec~~~+r and epply !he ssme on accouM of the indebted-
ness secu~ed he~eby a to permil feid MORTGAGORS to receive and use it o~ any p.~ri the:euf for u'%+.•r ~,urE~cses, v~~ihoul ~hc~.o~ wa~w,~g o~ ~~~~pai~- A.«
ing any equity, lien or right under a by v~rtue of this murtgage; and in the evrnt sa:d MORTGAGORS shall (or any_ reaton fail to keep 1he said premisaf ~o
insurrd, w fail to delive~ pron~ptiy ~ny of said po6cies oi insu~ancs to said MORIGAGEE, w tad p:o~npNy to pay fu:ty any premi~m therefw or in s~y
respect lail ro perform, d~scharge, exec~re, etled, cumplete, co~~ply w~~h snd ab~de by th~s tovenanL or any part hrraol, fald MURTGAGEE may pl~ce a~+A
pay ip auch insurance or any part thereof wdhaut ~wivi.ig or ailectin8 any oytion, lien, equ~ty, or r~~ht under w by v~rtue of lhis Mortga9e, and tht
tull anwum of each and every wch paymant ahall be immcdi~lely due and payable a~u! shall beer interest frat~ ths date ~hereoF until paid,N the rat~ ol
nine per centum pe~ An~urn and rogrthrr wi:h such InteresT shaii be s~~cu~ed by ~he Len ol thif inortgage.
1. To pertnit, commit w sut(e~ no waste, impairmer.t or LICti:~GfetiJn Of said property oi any part ~hereof.
5. To pay a~l and singu:ar the costs, charges s~~d experses, ~~dudin~ a reason~ble atrorney's fee and cosrs of absvects of titie, incur.ed or paid at
eny time by w~d MORTGAG'_E, because or in rhr event ol :he fa~iure on the part of ~ne said MCRTGAGOR to duiy, pranptly and fully perform, d~scharge,
execute, effesl, to~nptete, comply wnh and ab:de by each and eve~y the stipuia~~ons, agreements, cond~t~ons, and covenaros of said promissory note and thi~
mortQ~ge any or eiiher, and sa~d custs, charges and ezpenses, cach and eve~y, shali be immed~ataiy due and payab(e; whether a not there be norice de
mand, attempt to col{ect or suit pend~ncy end the 1u11 amaunt of each and every wch payment shall bea~ interes~ irom the date thveof until p~id at !he
r~te o~ n~ne per crnr„m prr a~:nu.u; a~~d ail sa~d cos's, chsrges and exF:enies ~iuurred or paid, tcgeti~e~ wrth suih inrerest, st~ll be setured by the iien of this
mortgagi.
6. That ia) in the cvent of any breacfi of this 1Aortgage or defauh on the pa~t of the MORiGAGOR, o~ ;bj in the eve~t any of aa~d sums of money
herein reterred to be not aromptly and fully paid witnin tn~rty (3G1 days next atter the sa~:~e seaeraliy become due and payable, wi~hout demand or notice,
or (c) in the event each and every the atipulations, agr~ements, co~d~tions and covenann of sa:d pro:nissory note a~d th~s mortgage any or either are not ~
- ~uly, p~omptly and fu~ly ~erfwmed, dschargKd, eazcuied, effected, ca:npleted, comNt~ed v:Ith and ab~d~ Sy, ~hen in e~ther or any svch eveN tM utd ag~ t
g~egate s~m mennoned in sa~d prcnvsswy nore then remain~ng unpa~d, with intere;t accrued, and all moneys secured hereby, shall become due and pay-
abte forthwith, w thereafter, at the opron of said h10RTGAGEE, as fully and completc~y as if ali of the s3id sums of money were oriyinally sGputated
to be pa:d an wch day, anything in sa.d pro~mssory note or m thu blortgage to the comrar~ notwirhstjndi~ig; and thereupon or thereafter at the option of
sa:d MORTGAGEE, w~thout nonce or drmand, wit at law or in ea~~ry, therrfore or thereafter begun, may be prosecuted as if all moneys sewred hereby
nad maiured p~~or to Aa ins~~t~tion.
7. That in the everl tha? at the beginn;ng cf or at any hnie pr^din5 any su~t ~pon thes Mo+tgsge, w fo fo~eclose it, or to reform i(, or to enfor:s
paymem ot any da~ms he~eundei, sa~d MORTGAGcE ahall appty ro Ihe Cn~rt fiavi+:g ~ur~sdu~on fhe~eof Iw the appointment of a Receiver, such Court shall
Forthwith appoim a recei.er of said mortgaged property a!t and sing~lar, includ.ng aIt a~~d singu~ar Ihe income, prpids, issues and revenues from whalever
source de.ived, rach and eve.y of w!,ich, it bzing expressty undrrstood, is F.ereby m.or~gaged as if speciiicaily xl forth and desuibed in the granting and
habendum clauses hereof, and wch Rece~ver shali have a~l the broad and eNecrive fvncuons and po~vrrs in anywise entrusted by a Court ta a Receiver, and
s~ch appointment shali be rr.ade by such Court as an admitted equity ae,d a ma»e~ of absoiute nghl to said MORTCaAGEE, a~d wfthout reterence to the
adequacy or inadequacy oi fhe value ot the property mortgaged or to ~he sc~venr~ or ~mot~rncy of sa~d NORTGAGOR or the defendants, and that such
rems, proEits, income, issues and revenues snall be appi~ed 'oy such Receiver accord:ng to the lien or equity ot said MORTGAGEE and the practice of such
Court.
8. io dufy, promptly and fully perform., discharge, executr, effect, com.µkete, con~Nly w~th and abide by each and every the stipulations, agreements, 1
co~ditiom and tovenants ~n sa~d promisiory note and th~s mortgage sr~ forth.
9. That in the event tFe owncr:h~p of the morrgaged pre~~ises, or any part ti,ereuf, beco+T~es vested in a person other than the MORTt'sAGOR, tlu ~
ti`,ORTGAGEE, its s:,:teasors and assigns, may, withou~ nat~<e to the A'.ORTGAC)R, deat with w.h wccessor or s~ccessor in interest with re}erence to this
mortgage arx! the deb~ hereby sec~red in the same m.u,ne~ as wrth Mxtyaqo~ wrthout in any way vinating or d~scharging tF~e IJ4ortgagors' liability here-
under or upon the drbt hereby sewred No sa:a of tl~e prern~aes hereby mortgaged and no forbearen~ on the part of the MORTGAGEE w its successors
or ass~gro and no extens:~n of the time for the payment of the debt he~eby secured given by the MORTGAGEE or i~s successors a auigrb, shait~operats i
ro release, d~scharge, modiFy change or affect ihe o:iginal liao.i~ty of the 11'tORfGAGOR~herein, either in whole a in p~rt. ~
10. II i~ apecifically agreed that time is of the essence of this contract and thai no waiver ot any obligation hereunder w of the obligation se-
cured hereby shalt at any time therrafter be held to be a wa~.er of rhe te~ms hereot er oi the instrument secvred herby. .
11. In adJ:~io~ to the fo:ego ng n,onth!y pay+r._r.tl of p~inc cal and inreresr requ~red by the ptom:sscry nore secured hereb~, mortgayor eovena~ts
a~d agrees to oay to n:ur~ga9ee ~ti~~h each montiuy pay~.~Nnt an add~r~or.af sum es:~~~~ated by morrgagee to be equal to 1; 12 of the annuai cost of 1Fw follow-
ing:
A-Atl reat •proporty ta+ces lev~rd w atsPSS~ eya.•~st nc~ at:ove desu~b_d real estate.
B-Pr~m~~ ns on f~re and w~~iditorm insurarce as here~n requ~red to be carned on the imp~OVementi s~tuafe oo the above described premius.
'I C-Prem~~ms on such morrgage guaranty icsura~~ce as mortgagee shail from rme. to time deem~(it to carry on the loart secured hereb/.
j Mortgagee shail fiom time !o t~me not~fy mongngcr in wriung of the amov~t due a~d payable here~nder and such sum shall thereupon be due and
; ~.ayabte on the due da'e cf ~h~ next n~rolily payment and each s~:cessive mornh thereafter ur,tif mortgagee shatl notify mortgayor of a thange in suth
a~~~.~unt_ S~ch sums shail be a;,p!ierl by mo~tyaj_e toY.ard tne pa;ment of real p:operty taxes, insurance pre:n:ums, and mortgage guaranty insunnce ~S
t premiums.
i IN .JITNESS 'NHEREQf, the sa~d MORTGA ~OR has hereunto ut his hand and seal the day and year fint aforesaid. _
~ Signed, Sealed and de~ivered ~n the presence o~: fi~~ y#. ~~~y f ~
3 f7. W'v+F .t3 ~~,~,y~~~/ ~ - :G~--_ c~-•n
~ ~ - F r,;, ~ . ~ - ~ ~s Qt
~ ~ _ ~ , ~ ~ ~ : :•'.y! ; C C U ~ ~ tl.:•,or.~av~'Q (Se,q
C~ ...+~~'r ~
} C _ pTr~.4 ~J~" ~ f ~ y~C ~J~'' / ~slin
~ 'i l~ N•'~~~ DOlOre$ WAOdall (Seil)
~ S1ATE Of FLORIDA -
SL . U1C16
~ COU~~TY OF 1
Befwe me personally eppeared ~OZ~6 M. Woodall i Z(j', ~~=7 a~
Doloxes {A~OOad~l his wife, to me well known and knawn to rtee to b~
the ind":vidual~ described in and who executed the foregoing instryment, and scknowrledged before me that they executed the sart+e fw fFx purposea
iherei~ expressed. And the sa~d DO1~YeS {AbOC~all
~ rvife of the said ~0r9e M. WOO(~all upon e separate and priwq
~ e,cam~nation by me taken separate and apart from her said husband, acknowledged to and before me that she exec~ted said instrume~t free)y and volurt-
tar~ly snd w~thout any compuSsion, censiraint, apprehens~on, or fear of or from her said husband.
WITNE55 my hand and offiual seal th~L.__~ _ day of- ~rCh A. D. 19 76
~ j
_ i
- Notary Pubfic in f~the State of fbrida at larye ~
My Comm~ss~on pires: ~7 ~'I x~ ~ ~ ~
~
Ret~rn To:
~ firit federol Savings b Loan i~sso:ial~on ~ t~~R~~M E=~eM J~{~ ~
1 Of Fo~t P crce ~MMd dy ~tnnkon Pir~ ~ Cpy~l~ ~ R
Fort P~erce, F;cr~da i
.
i~4
~z
3c -
~
This Instrument Prepared ByDonald ~.Hughes ~
~ First Federal Savings 8~ Loan Association _
~ of fort Pierce ~FlOSida ' • ~ ~
~ _ r ' ~ -
Checked By - ~ ~ ~
~ ' ~ i
~ %r ' . r
~ ~ i ~50 PAGE ~:U 1 . . . -
~ ~ E. ~ . .
r-
~ ' .
_
a*
~ , _ _ - _ - _ _ r~~
' .
a ~
~~1 _,x-:~-;: -~s.'..~.-~" _.,.a ~t ~_x~.~`'~_'-fl'~ ~'r~.