HomeMy WebLinkAbout0404 3. To p!acc anJ cont~~uo•,si~ keep c~~ tt,e _.gs n~~ .~n c~~ca?rer a~t~.~tr on sa~d !s~~d anJ on ~i; m~nt and prrsonnlly co~eied by thif mwtg-
~gs. w~lh al) prerniumf thcreon f., d~n fJil, tue i:.s.: s•~:r ~n r,e ~r.al arerJa~d po:.c~ tcrm, in e~~m aNFru~~J by tha MOR;IiAG:E. and wind~totm
insur~nce in tF~e ~sua! uen~f~.d {>o~.~y i~+n., in a s~_,~~ a~ p~o.•~d t~y tht M<~kiGAGEt, in sw.h cu rF~a~:y c. co~npan:ca as tha ~t.ORIGAGfE may
direch •nd sl) lire and w~~dsiorm ~n;uranca po~~urs ~.n any of s~~d kw~td:~.g~, any inte~es~ ~nare~n or pa.t the~eof, in ~Fx agg~ega~e t~m ~foro~aid w
In extesf thereoi, shaH wntain the usua~ sta~~ila~d mo~~9ayre r~a,;sr or such otl~er c!ruse as the Mortgayae may reqw~~, m~k~ng Iha iosi under sa~d po~i~
cief, each and every, payab'e M se:d .\1;?RIGAvEE ~s ~~s irn~: n,;y epy ear, ind rach aod e.ery s.~.h ~;u:~c~ sh~li be prcmptiy ass yned a~d delive~ed to
•ny Fx:ld by said MORIGAGEE as turtMer sccur~ry ro s~:d ~nc~tge.3e d•.ht, a~.d, not less than ten (IO) days in odvance of thr eap~rat~on of each p;,l~ty, to d~-
Gver to said h10RTGAGEE a renewal tF~r~eof, ~oge!har wi~h a rece~pt lor ~hr pruR,~um o( such rence.~l; a~d t1~ere ~hail be no f~re or wind~torm insur~nc~ ~
placed on any ol said bvi!d~~~gs, a:~y mterett Mere~n w Har~ fhr~fof, unlrse in ~he form and w~~h ~he loss payoule as afo~r~aid; and in the event any sur+~
of money becomet paysbtz ~nder s:.cl~ No;icy or Fai.G~a s.,~J h:O~Tvti;,EE s~:.ut l,~.e ~hr G~;t:Jn w rec~~~a vnd a~~rly ~~~s ~e~:~e on JCCOLqI oi the inde~~ed-
ness iecwed hareby or to perm~~ sa~d MC~RTGAGC~RS ~o rec.:•~..; ond .,se ;t o: a~~y 4„~t tne:..~of tc• c:n~r ~.ur. ~s~s, ~:.:it~~„t th.r~_o~ v::.i~~ or ~~i,pa~r- {
i~g any eq~~ty, Gen w riyht u~der or t~y v;rruc of this necrtqage; and thr evcro sa d~:ORT(;RGORS shall for any ieason fai! 1o keep the satd p~emi~rf w
i~sured, or fail to dei~ver ~xompHy any of sa~d aol:ues af ~nwiar.ce to sa:d MuR[GAGEE, w fau prompt.'y te pay fwly any ptr~:u~m therafw or in any
respect faii fo p~rfwm, d~ichargr, ~xew!e, elfect, compi~ti•, ~omply •hi~h and ab~de by th~s co~ananl, w any par? hereof, sa~d MORTGAGEE may place and ' ~
pay fo~ such in~urrnce or ~~~y perl ~he~eof w;ihaut we~v~r~g or ath:cf~r.g any op~ion, I:zn, c~u~~y, o~ right u<<Ja+ or by v~r~ue of ihis Mo~fgaye, •nd the t
full amcunt of each and eve~y such paymem sha'1 be ~mmed~a~ely dua and payable and sha~1 bea~ irte~nst from Ihe dote tneieoi un~:t Faid at the rate ot ~
n~ne per canlum ~iet annum and tc~,ther w~~h such inir~vst shel~ '.ic scwrrd hy Ihe lien of ttus mortyaye.
TO permii, cornmif w su(fer no was!~~, impairmant or dete:ecra!ion of aa~d prop~~rly or any part therrof.
S. To pay all a~d singufar the costs, charges and exp~:nsrs, locivdin~ a rea:onab~e etro.ney't fee and costs of abstrac~s of tirle, :nc~r.ed w paid al
any time by sald MORfGAGfE, because or in Ihe event of tt~c fa:i~re an ~ne part of Ihe said MOR!GAGpR to duty, pror:~ptly and ful{y perlorm, d~uha~qe,
e,cecuta, e(fect, comple~e, complp w~th and al~.de by eech and every ~he stipulai~ons, agrce~•~ents, conddions, and covenantt of said promissory nota and this y
matpase any or e~~her, and ~a~d costs, charges and ExH.nses, ea.h and every, ahall be immed~ately due snd payebte; whether or not there !x no~ice de~
mand, attempt to col(ett or suit pe~xlmg; and the fuil anwvnt of tach end eve~y such paymant shall bear interesl from the date thereof un1i1 paid •f the
~.ite of nine pe~ teni„m Ver an~w N; ~r.c! ail said costs, ct~a~gen and eeetr.ses ~~xurred or f;aid, eogeiher w.th suth interest, fhal! be secured by the iieo Of thi{
motrgage.
6. That (s) in Ihe ~vent of any'brsa:h o1 t1+ia ~.1or~q,;ge cr defau!t on th- part of the MA2TGAG^.R, or ;b) in the event sny of said wms of mo~ey
herein referred to be not prompriy and futly pa~d w:ihm ~h~rty i3J! ds;s ~e.~ ar~_r tne same sevcrady become due and payable, without demand or notice,
or (c) in the event each and eve~y the sr~pv:ations, a~reemanu, corid~r~o,s and :oJenann of sa d promissory na~a and th:s mortgage any a either are no1 ~
~uly, p+o~nptly a~r! fulty performed, d scha~ged, e~rcuted, effec~ed. comp:eted, ccmpi~ed w~~h and ab~ded Sy, ihtn in e~~her or any such e~eo1 tha taid ag
gregate sum m~mion~! in said promissay nore thrn r~ma~ning ~npa~d, w~th i~Ue~est acuued, and ali moneys secured hercby, shall become dce and pay-
able forthwith, a~ thereafte~, at the opr~on ot sa~d A1L~RIGAGEE, as futiy and cump'etcly as if atf of rhe said s~ms oi m.oney were originally s~ip~l~ted
to be pa;d on such day, anyth~ng in sa;d p:om:ssery note ar in this Mcxt~age to the cornrary nor..~rhstend~ng; and thereupon w thereatter a~ the option of
sa~e{ MORTGAGEE, w~thout r,once or deR~and, s~it at law w in eq~uy, therefore or fherraircr begun, may be prosecuted as if all moneys tecured hrreby
nad matured pnor lo its inst~:uti.x~.
7. That i~ the event that at ihe brginn~ng of or st any t~~ne pending any su~t ~p~n tF~:s Mortgage, or to fweclose it, or to reform it, or fo enforce '
payment of eny claims here~ndrr, said A1pRTGAG,E shall apply to the Court hav~ng junsd~u:on ~i,~:eof for the appointment of a Receiver, such Court sMll !
Fcrthwith appoiro a recciver ol said morfgaged pro~rty atI and t~nc~lar, includ~ng' af1 a~:d s~,~g~~ar ~he inconx, profds, issues and revenues irom whatever !
•e~rce derived, each a~:d e~ery af wh~ch, it be+ng express!y understood, is hereby morrq,,grd as ~f spec~f~ca;ly set iorth and dexribed ih t!~a qranting and ~
habendum clauses hereof, a~,d such Receive~ sha~i have all the broad a~d eiiea;v~ fur.c~,c:u and pev:e~s in a~yw~se entrusted by a Court to a Receiver, and ?
s:;ch appointment shall be made by s~ch tourt as an admi~ted eq.,ity and a ma~rer of absoiute right te, said MORiGAGEE, and without reterence to the ~
adequacy or insdeqvacy of the valve of the property mo~+goged or to the so.vency or ~nso:~ency of sa~d M.ORTGAGOR a the defendants, and thaf such j
rent~, pro(irs, incane, issues and rever.ves sha11 ba ~pp+ied by such Rece:ver acco+d~nq to ti~e tien or eq~~ty of said MOitTGAGEE and the practice of such
Court.
8. To duly, prwnptly and fully perfwm, d~s.harge, exzco!e, effect, cony~lera, con~ply with and a6ide by each and every tFx slipulations, agreert~ent:,
en
cor.ditions and co:enants in sa~d pron:issory ncte and th:s morig~~e set ier!h.
9. That in the event the ov.nersh~p a( rhe mcrtgaged prem~szs, or any part therrof, becomes vested in a pe~son othe~ than the MORTGAGOR, the
MARTGAGEE, i~s wccessors and ass~gns, may, yv~:i,o~+ not;ce ro rh~ A.;JR;GA02, dra: •x:th such succaiso~ a svccesso~ in interest with reference fo thi~
n'.o!~gdye and the d~bt hereby secured in the sam•~ ni~i;r.e! as w~fh /.1cr.~ag~. w:thout in any way vi!:ating or d~scharging the Mortgagori liability here
;~nder or upon the debt hereoy secured. No 53i2 of ~he ~~e~,••~ses h.~reby mortgayed ar.d r~ ferbearan~e on Ihe part oi fhe MORTGAGEE u its svccessors
or essigns and no extension of the h:c~e for tne payment ot the deot F.e~eby sewreti given by the MORIG.4GEE or its successo~s w assigns, ~hall operate '
to release, d.xha:ge, mocfify change w affect the c-.g;~a1 i,ac~:;ty of ~he M.~RTGAGOR hereirt, e~ther io v~fioie or iR part. ~
10. It is speufica~iy agrerd that Iime n oi the esser.ce of th~s coro~ac~ ar.d ~nat no waiver oi any obitgatlon hereunder or of ths obligatan st '
cured hereby shafi at any tim~ fhcreaiter be hcid to be a v.a~v~r of rhe terms hereof or of tt~e instrument secured herby. ~
~
11_ In aoJ.r'o~ to the toreac:ng monsF'y payn.:-n+s ci p:i:~cpai a~~d infaccs~ requ;.ed by the prom~s:;,ry no!e s~cu~ed hereb~, mortgagor c~venants ~
~~d agrees to pay to m~rtgagee vrnh each r.:o~th!y pa;.. e~~t an add:r~onai s~~~ esr•-,red 'by mongagee to be equai to 1.' 12 of the annual cost of the follow-
r.g:
A-All reat property taaes tev;ed o~ ass•-ssecl ~•~sf ri„ above drscr;ted re•al es~ate. ~
9' 2
, B-Pre~:iums on fire and viir.u~storrt~ :~sur~~ as i+•_~_:n r,q~,~eo t~ be car:ifd cn the ~~r.rrpv~rni~ts s:*vate on th~ above desvii~ed premises. j
I C-P~e,ni~ms on such mortgoge guarenry ir.sura~ ;e as rr.ortgagee si~all fron, r me to nme deem fif to carry on the twn secvred hereby. °
j Mortgagee shafl jrom t~mr to t,n,e nct:fy mo~t:;;ger .n wriur,g e'. the arr.o~~t d:;e and payahle hereunder and such surn shaB thrreupon be due and
` c..~yab'e on the due aate of ~he r.e.t mcntF~:~ pay~:~em e~ch su,c•>ss~ve o~~ri~ t.".e.~~af+cr ~cn! mortgagee sha!1 notify mortgagor of a change in such
a~~.ount. S~,h surns s~a:i be ayG'~~`~ tY ~~~"~~+3^'• ~•~~.erd ti~~e payn~~ent o' rr;! properf~ t~xes: inscra~ce ~•em:ums, and martgage guaranty insurance
prem.iums.
~ IN L'~IT:~ESS L':HEREOF, the sa~d h5pfiiGAGOk has herc,:~.ro set his h~~:d and s_•al rne day and year first af r~sa:d. ~
~ S:gned, Sealed and delivered in the preser.ce of: ~ ~ ~ ~
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~ . -f -~-~'~~'t~?~L ~0 t~ ~Sean -
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~ STATE Of FLORIOA ~
~ COUNTY OF _ St. WCle
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~ Befo~e me perwnal:y appeared _C. Davia DeWitt a~
~ Beverly Anne Dew1LL his wife, to me well known a~d known to me fo ba
~ ?he individua(s desuibed in ~nd who e~eecuted the fwegoing instrumeni, and acknowledged before me that they executed the same for the purposq
~ therein expressed. And ihe sa:d- ~VelZY ATIi1E `~~A11tt
~
` ~Vla ~Ewltt
~ r:1fe of the uid sc~ upon a separate and private ;
; exam~nation by me taken separate a~d apart frorn her sa~d husband, acknowledged to and befwe me that she executed said instrument freely and voluo- ~
~ ~a;ily and w~thout any compuision, consfrair.t, apprehe{n~s:~or fear of or from her sa:'d hus6and. ~
~ WITNES$ my hand and officia! s>al ~his___~Q _ _ day of A. D. i9~6_
~ - ~ ~ ~ ~~-L...QJ
' fJotary Pubt~c in d~r the State of F{wids •t Larpe
' n ~Q~~1 My Comm~ss~on xpires:
~ Return To: U Nvb7 ~ON ~f Merida o~ lo~
j First Federal Savings d loan Associat~on M~ Co~+ssim ~SpiHS Juir n. F
3 O! fert P.e.ce. r
Fort P~zrce. Flcrioa r.£yy.;~LD M~~'d b~ kMriton fir~ a Cosual~y Co.
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s This Instrument Prepared By Gaiy F. El~wood ~Y ~ ~ ~
~ First Federal Savings 8 loan Association i~ 3 M~, a-~.,.~ :
; of Fort Pierce ~ F1ollde? ~ ~ 2 t ~ _ °
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i Checked By - ;J • •:t'S`~~~~'' _ f ~
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