HomeMy WebLinkAbout0080 _
f
3. To pl~c~ •nd cont~nuously keep on tM bu~,d~ng~ now or her~after wtuat~ on iaid I~nd and on ~II equipment ~nd pawnally tov~r~d by thi~ morlq-
p~, with all premiums the~eon pa~d in tull, fira i~su~ants ~n tM u~wl •tandard policy form, in a ~um app~ov~d by tM MORTGAGEE, ~nd w~nd~to~m
ins~r~nc~ in tM u~u~l ~~~ndard pol.ty Form, i~ a s~m approvad by th~ MOIiTGAGEE. i~? wth company or tompan+a u tM MORTGAGEE m~y
d'ueclj ~nd ail fir~ ~~d windsto~m in~u~ance poucie~ on ~ny of said buiW~npf, any inNr~~t Ihtr~i~ or part tMnof, If1 tM ~~fQ~t~ ~HT ~IO~fNid OI r•,
in txctas Ihereol, shall contsi~ tM viual siandard matgayN claui~ a~uch otM~ ctaui~ tM MortppN may requ~~~, makinp ~h~ bsi unda sa~d po1F
ci~i, each ~fld OVHy. paYabl~ ~o sud MORiGAGEE si ini~reat may appeai, and eacA and tv~ry svch po'.~cy ~hall b~ promp~ly ~ss:~rKd a+d d~1ivK~d ~o
~ny MM by s~id MORTGAGEE as tur~her secv~ity to said matga9e debt, and, nol !ea than fe~ (10) dsys in advanct of the ~xpir~tion ol fKI~ PO~ity, to dr
liva ro taid MORTGAGEE a renewal thereof, to~e~Mr with a receipl fa the prtmium ot tuth renewal; ~nd thers ~hall b~ no fue w windstam infurant~
pl~ced on s~y of satd bui~dinys, ~ny in~erest tMre~n or pan thereof, unlass ~n ~he form ar?d w~th tFw los~ payabl~ a~ atw~iaid; and ln tM ~wM ~e+y wm
of mon~y becomes p+yabl~ under such policy a potKisf iaid MORTGAGEE sh~ll haw tAa op~ion to rece~ve and ~pply tM w~e on +ccounr of rM ~b~ed-
neu iesurad h~reby w to pe~mi~ iaid N10RTGAGORS to receive +~d vs~ II a any pa~f thereof for othe~ purpo~cs, wi~hout ~hireb~ waivi~y a rnpair-
in~ any equity, lie~ w r:ght under or by virtw of this mortgafle; a~d in tM ~vent w~d MORTGAGORS 1M11 to? any reason f~il to ke~p Ih~ ssid pr~mius w
insured, or fail to deliver promptly any of uid polKies of insu~~ncs to ssid MORTGAGEE, or fail promptly to p+y futly any prtmium tMralor a in +ny '
rsspM fail ro pNfwm, d~scharfle, executa, eliec4 complets, comply with ~~d abide by this cove~ant, or ~ny part h~rwf, uid MORTGAGEE may pl~p and
pay (a suth insurante or any pa~t thereof without waivin9 or affedinp any option, lien, puity, or rigM under w by virtw of this Mwtqay~, and tM
full amount of esth and ev~ry such p~yment sMll be ~mmediately due •nd p~y~bl~ ~nd shall ba~r intereit irom tM datt thereot ~ntil paid ~t tht ~at~ 01
nins per tentum per annum and togeiher wifh such intere~t shall bs secured by tM lien of this mottpage.
. To Y..c;:•. ......~::t ~ __~Ee~ :;..€ae...._.,! ~±-trr._.a...._.. ~.:d ~.ere.~ .ny F..~ th.r.nf.
5. To pay all and sinpuiu tl» costs, charpes and txpenses, ioclucling a reasonable ~ttwney's iee snd costs of ~bstr~cts of titl~, i~cv?red p p~id a1
sny time by said MORTGAGEE, betause or in the ~vent of the failure on the part oF tM iaid MORTGAGOR Io duly, prompNy ~nd fully pNform, d~stMrQR
executs, effec~, complete, comply w~th and ab~de by each and every the iupula~~o~f, ayreements, conditions, and covenann of said promissory not~ snd thu
mwtgage any or eithe~, and uid cosh, ch~rgq and expenses, each and every, ahall be immediately dua and payable; whe?htr a ~ot ther~ b~ ~otiu ds
mand, attempt to collect w tuit pend~ng; qnd the tull amovnt of e+ch snd every such payment shall bsar imerest from tM dat~ th~rwf umil paid at th~
~a~e of nine per centum per anuum; and all said costi, charges and exocnses incurred or pa~d, ~oyether w~th such inttr~st, iF?all be Hcursd by th~ li~n of thu
mortys~t.
6. That (a) ln the event of ~ny breach of this Mwtgage or defauit on the pa~t of the MORTGAGOR, w(b) in th~ evr+t ~ny of Nid sums of ma+ey
herein referred to ba not p~omptly and fully paid withl~ thirty (30) days nex~ after the s~me severally become dw ~nd pay~bk, witF?ow d~m~nd w eotice.
or (c? in the event e~ch and every the sripulations, agreements, cond~tions and coven~MS of w~d p~omiuory nots ~nd th~s mwt~~ any w ~iths~ a?~ no1
~uly, promptly ~nd fully perfwmed, d~uharyed, executed, etfected, completed, compl~ed wi~h ~~d ab~ded by, fhen in either a~ny wch ~v~nf Ih~ s+id ~g
gregate sum mentioned in said promisswy note thtn remaining ~npaid, with interest sccrued, and aU moncys sctured hereby, shall beton+e dw and pay-
able iwthwith, a thereafter, a~ the opt~on of said MORTGAGEE, as fully arrJ compleiefy as ii al! of Ihe said sums of mon~y wer~ wginally stipulated
to be paid on such day, anything in sa~d p~om~ssory note w in this Matgage to the contrary natwithstanding; end tAereupon w the~eahe~ ~t tM option of
said MORTGAGEE, w~thout not~ce or demand, suit at law or i~ equity, there(we a thercafter begun, may De prosetuted u if all money~ ~ecured hereby
had maWred pr~ot 1o its institutwn.
7. That in the event that at ~he beginn~ng of w at any iime pending any w~t upon this Mortgage, or to toratlos~ If, or to tefam it, a to enforu ~
payment of sny claims h~reunde?, said MORTGAGEE ahall apply to the Cour~ having jur~ad~ction thereof fw tM appointment of ~ Receiver, wch CovA shafl
forthwith appoint a rece~ver of said mortgaged property all and singular, includ~ng all and singular the income, profiq, iuues and tevenuss fram wbattver
source derived, each and every of whfch, it being eapressly understood, is hereby mortgaged ss if apecifically xt (orth ~nd deKribed in the yrantinp snd
i, ndum clauus hereof, and such Receiver shall have all the broad and efiective funct~ons and power~ in anywise entrusted by a Cowt fo ~ Receive~, ~rxl
iu~ appointment shall be made by such Court as an admifted equiry and a mattcr oi absolufe i~yht to faid MORTGAGEE, and withoul re/erente 1o the
edequacy a inadeqvacy of the vs~ue of ~he property mortgaged or to ~he wrvency or ~nsolvency of said MORTGAGOR w~he defenda~n, and tMt such
rents, proiits, incwne, issues and revenues ahsil be applied by such Receiver accord;ng to the lien or equiry of said MORTGAGEE and the practiu of suth
CouA.
8. To duly, promptly and fully perform, discharge, execute, effect, comple~e, comply with ~nd ab~de by each and evtry the stiputatio~, ~yreementa,
conditions and covenanrs in sa~d promisswy note a~~d this mwtgage set forth. '
9. T:~a1 in the event the ownership of the mortgaged prcmius, or any part thereof, becomes vcsted in a person othsr tha~ the MORTGAGOR, the
h10RTGAGEE, its euccessas snd assigns, may, w~rhout no~ice to the MORTGAOR, deal w,~h such successor a succcssor in intaest with referNxe to thia
mo~tgage and the debt hereby secured in the same manner as with Nbrtgagor without in any way vitiating w discharyiny the Mortpagort' iisbility hete-
~ndcr or upon the debr hereby secured. No sale o( the prem~ses hereby mortgsged and no fwbeararoce on the part of the MORiGAGEE a in suaessws _
or sssigns and no extension of the time for the payment of the debt hereby secured yiven by the MORTGAGEE or its suctessas or ~ss:~ns, ~hall op~rat~
to release, d~scharge, modify change w affect the orig~nal liab~l~ty of the MORTGAGOR hcre~n, either in whole w in part.
10. It is spectfically agreed thst tir»e is of the essence oi this contract end that no waiver of any obligation hereunder a of t!» oblip~tion se-
cured ixreby shall at any time thereafter be held to be a waiver of the t~rms hereof w of the instrument tetured herby.
11. In add~tio~ to the fwego:ng monthly paym-nts of p~inc'pal and interest required by tht promissory note secured hereby, mortgagor tovenanb
and agrees to pay to mortgagee with eath montF~ly payrnent an add~~ional sum est~mated by mptgagee to be eqvsl to 1/12 of the a~nual cost of the follow-
ing:
~ A-Ait real property taxes lev~ed or assessrd aga~~st the above described real estate. '
~ B-Premiums o~ iire and windstorm insurar.ce as herein req~:red to be carried on the +mproveme~is situate on the above detcribed ptemises.
; C-Premi~ms on such mwtgage guaranty ir,surance as mortgagee shall from t~me to time deem fit to catry on the loan secured hereby.
! Mortgagee shail irom time to time norify mortgagor in writing oF the amount due and payable herev~der and such aum shall therevpon be due ~nd
~ Fayable on the due date of the next month!y paymen? artd each successive mon~h thereafter ur.til mortgagee shall notify mortgagor of s change in such
i amount. Such sums shali tx apptied Gy mortgagee toward the payment of reai property taaes, insurance prem:vms, and mortgage 9uaranty inwranc~
; oremiums.
? IN \YITNE55 WHERfOF, the said MORTGAGOR has hereunto xt his hand and seal the day and year firsf afpesaid.
~ Si9ned, Sealed and delivtred in the pesence of: I L~
~iv ~
E ~ i
~ n _ +n
. ~ .[Y-'Y
i ' ~Q~n
rs.~q
STATE OF FIORIDA ~
courmr oF S t. Luc i e ~ u-
~
~ " Arthu r C.
8efae me personally appeared Day
Dn Z 1 S P. D~X his wife, ro me well known and known to me to bt
~ the ind7vidwls described in and who execured tF?e fwegany instrument, and ~cknowledyed befwe me tMt they executed the same for the purposes
~ Doris P. Da
rherein expressed. And the said y
~ Arthur C. Da
~ wife of tM said y upon • sep~rate and priv~t~
a e~amination by me taken teparate snd apa?t from her sa~d husband, ecknowledged ro and before mt that the exetuted said inatrument fr~ely ~nd volun-
tar;ly and wehout any compulsion, constra~nr, apprehens~on, or. fear of w from her iaid husband.
~ WITNE55 my hand and official aeal this 24th dsy of May A. D. 19 76
~
Notsry Public n~nd a the State of Florida ~t larp~
My Commi on exp' es:
~S Retum To:
first Federal Savirtgs 6 loan A~sociat~on ~j.',K~ : 'r ~'r^~n~ E • • ~
Of Fort Ple:ce. a Y C_ • . - : t ; ~ i, i;ll :
i ~"~G~?~ oacn1~1 uy nc~;~.1K,dr, w...cii ~,.,.~.:x~ ySS '
F For~ Pierce. florida V~--t ~ya,.,~ `
~ '
~ . t
~ ~`tw . .
!y y-~~~,Yif~ . ,r,
~ ;
r~Art' fu~. ' - ~ . .
This Instrument Prepared By Richard K. Kayes ~ :
~ ~,q~~~ %~:i~uS ~ , s
~ First Federal Savings 8~ loan A~~ciltida q,E~~ ~uc~
~fT COmt1 ~ ' ~ ~ - _
~ of Fart Pierce + 1 ~,~tRO ~iE~P o-E D , ~ ~ ; I _ :
Checked By _ - + QS ~A - r"~ { - _ 3
~ p~ ~ ~ , ~ -
. ,
~ ~
~
- ;
~ - _ __:i
~ . . . ~ ~b. . .