HomeMy WebLinkAbout0400 3. To pleie and co ~t,~iuo~s~y 1.eep on Ihr L~_ J.::~s nox o~ E~r~eofrzr s~~vetr ur. e,;d !a~id and un a'I cq~y :~:en` ar,d perscnelly covrred by thif mort~•
ege, with ell p~nmiu~as thc~eon pa d tn f,;l', f~re ~~.i.;~onca ~n ihc „s :,~i s~~~,Jo:d F,:~'.~cy Fo~m, in a s..m aHpra.ed by thr 1RGRfGAGEE, and vu~nosto~m
inwrance in ~he usual stjndn~d ~io:.cy fo~m, in a sum e~.N;o.ad ~~y ~hr MGRTGAGEE, ir s~~ch com~~any or to~ns~an:et af ~M+~ ;10RiGAGEE m~y
d~rec~; and all firo and w~nd~wrm ~nsv~a• ce pot~.~~•s o~ E~y ef a.~~J bu~td~r,ys, any inte~ee~ ~i~:e1n ur P2~f II1E~C0~, in the aygreqare sum alueiaid a
in exceis Ihereof, shail ca~ta~n the usuat sta~~u,rd m,;irg_i~re ~~a~se cr such oi6cr c~ause as iho Ido•tyeyre may reqv.re, maM~ng the loss under ia~d pol'r
ciet, each and every, payaL'e to sald ~ti50RTGAGEE sa ~s ~n~rrrs~ ~~~ap ap~xo~, a:~d each ond e.rry s~ch ~r~l:cy •f,al~ be pron,ptly ais g~~ed and delivered to i~~
any i~eld by sa~d MORTGAGEE as fu~~hr~ src~~~ty ~o s3~J ~no:~g,ye d~~i, a~.J, nof less ~han ~en (101 deys tn aJ.e~ue oi ihe exp~rat~on ol each poGcy, to d~- f
liw~ to said MORiGAGEE a renewal ihereof, together w~ih a rrce~pt fcr the pre~num of sv~h renewaf; and thrre ~hal{ be ra hre or v~,inds~o~~n inturanc~
placed on any of saed build~r.gs, any intrroat ~here~n or part t~,erroi, urvrs~ in ~he fc~.n and w~fh ihe loas payaLle as afo~e~aid; and in the •rtnf any sum ~
of money becomt•s p~,abte .,rider s~ch pet~cy o~ poi ues s.,,d ~•.OR~f.nr;'rE r~ h.,~c ~h~• c~.r.,,n to r~cr~:~ .~1 ~i F.I; the same on auou~u o( rhe ~~~Jebted
nefs secwed hc~eby or !o pevnd ~a.d 1h;1RTGAGORS to rcCci~n ond ust it W y•r~ F.art ti,~.~~oi tur e::~cr rur;;,stf, w~thc~t tiu~au~ xsn~:ra O~ ~ntpa~!-
ing any equity, Gen a righ~ undar or by vnwe of thia ~no•!g~ge; and in ~he e~ero sa d h10~TGAGORS shefl iw any reason (ail to keep ?he said p+amisef so
insured, or lail to c!eliver promptiy any o) s-~id ~wl~cies Of ~ns~~ante to sa:d MORTGAGEE, or iad pr~mpdy to pay fu:ly any preni~um therofw M in any
r~spK1 fail to pe~fam, d~icharye, execute, effect, cW~~pietr, co:np~y with and ab+de by thia coveneN, or any pan ha~eef, sa~d MGRTGAGEE may p1~ce and
pay for tuch ins~rrnce or any parf ~hEreof w:rho~t wai~ing or affecti~~fl any oNtion, lien, eqwty, or r~ght ~.nde~ ot by v~rtue of thit Mortgage,~and tht ,
iull amqunt ol each and uvary such paymem ahall ~~mmrcJ~etefy d+;e and µayable a~x1 shail bear ~nrr~est from the data thereof until puid ~t tht rat~ ol '
n+nt per centum per annum and to~ethe~ with s~cr~ inte•est sha~i ;~r sec~~ed 'uy !he Len oi !his martg~ge.
1. To permit, commil w suffe~ no ~aste, impairrienT or d_te: crat~on of sa~d rrcpr~ry o? any Hart thrrz~of.
5. To pay all and singuiar tix co:ts, cha~gei ard e~+.e~~:rs, inei~d~r.g s r~~eacn~ble aitomay's iee and ccsts oF ab:tracts of title, incurred or paid at
eny time by saJd MORTGAG;E, beca~se er in the evrnt ot th- (a:i;,rr on tne pa~t of the aaid MORIGAGJR te duty, pr~~np+iy and fuily perfwm, d~tcharg~,
execute, eifed, canplete, comply w~rh and ab:de k+y each o~~d e:ery rhe st~p:,la~~.;ns, agrern,enrs, condn~or.s, and covananrs of ~i~d p~anissory notR and this
mortgage any o+ e~eher, and sa~d costs, charges and expenaes, each and every, shall tx imm.ed~ately d~e and peyablr; whether w not theie be notice d~
mand, atlempt to to~~eci or suit pend~n3; and the tull orwunt of each and every svch payment ~hoN bea~ interest from the date ~~ereof until psid at th!
rate of n:ne uer crn;wn pet onuu n; ~:~d ali said cosfs, u~ar~es ar.d c•,,a:•ses ~r.wr~cd w Hsd, toyethrr w~th such interest, shai! be secured 6y the fieo of thu
morlgage.
G. Thst (a) in the event of any 6rrach of th~s Mortgage or default on U:e part of tne A10RTvAGCR, o~ ~b) in the event any of fa~d sums of money
harein tefe~re.~ to bo not pro,npt;y a~~d tuUy pa:d ~vith~n ~huiy (30i days nex~ atr.~~ the sarne sc+eratiy becwne due and payeble, wi~houf demsnd or notite,
or (cy in the evem each and every ~he ~tipuiat~ons, agr~rments, cond~rio~.s ar.d c~.enanrs of sa.d p~on:,ssory note and th~s mortgage any w ei~her are nol
~u~y, prwnptty and iulty ~~formed, d:scharg_d, executed, efiec~ed, to:npieted, co~np+~ed w~th and ac~ded 5y, then in e~ther or any su:h event the said ay~
~regate sum mentioned in said prom~uory nute then rema:ning un~,eid, with ;nt~~e,t acu~cd, and a:! rnonryS secured hereby, shall become due ard p~y1-
abie fo~thwith, or thereafte~, at the cpt~on of said MORTGAGEE, as f~:~y and canp:eee~y as ii alt of the sa~d sums of money were a~ginafiy tKpul~ted
ro be pa;d on such day, anyrh~ng in sa:d pro:n~;so+y oete or in th~s ~tiartgege ro ~he conrrary noT,r,~ihs~a~~d~ry; and there~pon or thtreafte~ at the option of
sa;d MORTGAGEE, wnhout not~ca or derr.and, wl~ a~ law or in Kquity, therel~re or tt~E~eafter b.:gun, may be prosecuted as if all maieys sacured Aereby
had matured pnor to rt~ inatitut~on.
7. That in ~he event tha! a~ the beginning of or at any time pend~ng any suft up.,n rh~s :Sor~yage, or to foreclose it, or to reform it, or to enfwce
paymenl of any cla~ms he~evncler, wid MORTGAGEi shall epply to ~he Co~.t ha~:~,,g ~~nid:ctwn fhcreof fw the appointment of a Reteiver, wch CauA thell
Forihwirh appoim a receiver of said rr.ortgaged property al~ and s~ng~far, inc~u:i~ny aR a„d s~~:qvlar tke income, prolits, issues and rev~nues fro+n whalever
seurce derived, each and e~ery of wh~ch, ~t br~ng express~y unders~ood, is Ferby :i:.^,rtgagcd as ~f spec.fically set for~h and described in the granting and
habendura dauses hereof, and a~th Receiver shait ha~e a~~ ihe br~ad and efi~c•~ve funu.ons end powers in anyw~se entrusted by a Court to a Rtceiver, and
wch appointment shall be made by such Co~rt as a~ adm:ited eq~~ty and a n:attcr of aLsolute right lo said MORiGAGEE, and virithout refercnce to fhe
edeQuacy or inedequacy of the val~e of the propeify mort9aged or ro ~he so:vency oc ~r.soi:ency o( satd M.QRivAGOR o~ tht ~fendan!s, and ~F.at such
renn, pro;irs, ir.come, issves and reven~es shal: be apo:~ed ~y sucn Recewer accord.ng io rhe lien ar equity of said h10RTGAGEE and the practice of tucb
Courf.
8. To duty, promp!!y a~d fuity perfo~m, discharge, eaetute, effecf, corr~lete, cc~npty with and abide by each and every the stipulations, agreemeMa,
condit;ons and cov~~anrs in sa~d promissory rtote and this mortgaye sct iorth. '
9. That in the eve~t the ov.nersh~p of the ~nortgaged premises, or any part thereof, L-ecomes vested in a perwn other than the MORTGAGOR, the
MORTGAG:E, its s~ccessora and assigns, may, witMwt noti:e lo ~he A50RIGAOR, deal with such successor or svcceesw ~n inte?est wi!h reference to this
mortgage and the debt hereby secured in the aame manner as witn lAor*gagpr w~thout in any way vitiating or dixFwrging the Martgagori IiabiGty hert
~nder or upon the deot herebr secured. No saie of the F~e,r~ses hereby inertgaged ar.d no torbearance on the pan of the l~IORTGAGEE or its suctessors
or asaigns and no extens~on of the lime ior tFx payment of the dabt hereby secvrtd given by the MORTGAGEE or ih successors or auigns, stiall operats
ro release, d+scharge, med[fy ct:ariye or aifect the o~~g~nal I~au:;:ry o` rhe JItORIGAGOR here~n, eifher in whole or in parL
10. It is spec+ficaily agrred that i~me is ef the .zsse~~ce of thls co•uract and that no waiver of any obl:gaf~on hereunder w of the oblipateon se-
c~red he~eby st.all at any time thereafter be he:d to be a v~.aive, of ihe terrns hereof or of the instrument secured herby. .
11. In acid.iko~ fo rh: furegan7 rt?onth!y ~:,rr-enis ci p•~::cc%a( ar.d i~~re+:~st .eywred by the prcn:ssory no!e sec~red hcreby, mortga~or covenants
r-d agrees ~o pay_ to -,.o-rg3g._e v.~rh zach momn:y i,ai~. e•,~ an a.id:~,,•,at wm cs• ~ ar« 5y ,~,o:rgjgee to te eg~•al to 1; 12 oi rha annual cost of the follew-
:r.o:
A-All real p:operty ta,~as Ern;d cr asses:::i tig,r~.st tht aoove descri~_d r_at est,~te_ -
6-Pre.riu~ns on f~re ar.d r~u~dsto~~n insurarce as h.~re~n r`q~;rMi to be canied on tfie ~rr:provements siluate On t!k above d-csuibetl premites.
C-Premiums on such rnortg;ge 9~aranty inwra~ ce as n:ortgagee zha~l 'ro:r. t:me to t:~ne d:em frt to carry on the foan secured hereby.
I Mortgagee shali frcm ri~ne to t~rne not~f~ mertgagc+ ~n vnit,n~ of the a~:ou~t or,d payab~e here~nder and such surn shal~ thereupon be due and
;.ayable o~ the due dare oi ~h,e n~,t month:y payn:e:,t a•~d esch s~:cessive :-o•~th thereah~r ur.tii mcrtgagee shall not;fy rr.ortgagor of a thange in such
e- :o~nt. Such sums sFa;i he app~ied 'ny mer.g;g:~ ro~ard ri:e payn:ent of rrai p=cFeity ta,ees, ~nsvrance prem:ums, and mortgage guaranty insurante
premi~ms.
! !N V~IINESS :'/!iFREOF, ti2e s+~d .M.ORTG~+G~72 has hereunro se' his ha~;d and s~al the day and~ear fir ~foresaid.
j Signed, Sealed and delive~e~ in the presence of: ~ ~
! , L~ ~ ey (se+n
' /~~i~~~~ ~ ~ n t
Sea~
~ ' ~ , Vern~da us ey
; - -
E ~
~ STATE Of FLORIOA 1
s - ; u.
! COUNTY OF $t • LL1C le
~ Before me personally appeared JOIIfl CYU~l@Y _
~ Verneda Cru~ble
~ ~ _ his wi~e, to me well known and known to me to be
~ the individva(s described in end who executed the foregoi`~ instrument, snd acknowfedged before me that they eaecuted the same fw the purposes
} rherein expressed. And the said__ verneda Crusbley
~ wife of the sa~d JO}lfl Crusblev upon n uparote and pirvat~ i
z e,amtnatan by me takcn separate and apart f:o-n her sa~d husband, acknowledged to and before me rnat she eaec~ted said instrumeM frcely and voluo- ~
~ ranly and w~thout any compuision, constraint, apprehens~on, or fear of or frem her said husband.
^ WITNES$ my hand and official seal this___-_____ _ day of rCh _ q. p ~q 76 -
. ~ `
~ -____~7'~I- ~
~ - Notary Pub~in ~d for the State of Ftorida at lupe
; My Comm~s~on expues:
Return To: ~~[~203
N.~t•r trbtc. l+.N M ibrtd. a
; First Federal Savings E loan A:scciahon ~ ~ ~ C~~~ E=~K M'
~ Of Fvrr P~:c?
~ iort P~e:ce. r;crv.'~ FIi~S= if' ~:If~ =011d~ ~~11~tliton f~h L CONI~~!} ~A.
tM. t~..i
' ~t. Wt:c_:.~~un'ir f~~?. -
; R~,~,_,: f,..=.~s
CifRS. ~•";'1E~ "CJ~ " ~j' _
' yE : • _
= This Instrument Prepared By Donald E. Hughe~f
~ First Federal Savings & loan Assoc~ation 1{1 ~ ~ ~,~j ~ , . _ . ~
= of Fort Pierce, Flot ids W _ : _ - i
~ Checked By ~ ' ~t . . ~
c F r ~ ~.JO I'11GE c~ ' C / ~
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