HomeMy WebLinkAbout0059 3. To plac~ ~nd conti~vovsly keep on tht bu~!dinps ncw a hareafte~ ~ituat~ o~ said I~nd and on ~II equ~pr.Km and ps.wnally cov~?~d by thl~ mor1~
ap~, w~th all pr~mivma ~F+ereon pa~d in full, fire insu~+nc~ K~ thi utud f~~rda~d polity iwrn, i~ a sum approrsd by IM MORiGAGEE, and wind~~am
inswanc~ in th~ usual ~tandard pol~cy fam, in a sum approv~d by tht 1NORTGAGEE, in ~uc6 , tompany w companip q tM MORTGAGEE may
direct~ ~nd all t'u~ and w~rd~~orm inswence policies on any of s~id buiWirg~, ~ny inte~~st thK~in w p~rf tl?Kwf, In IM apQrepaq wm dorts~id or '
M~ ucceu Iherwf. shall contai~ ~M ~swl ~ta~dud ma~9sp~~ claus~ a iuch otMr clws~ ~s tM Mo.~op~ m~y fQqVif~. m+kinq ~M bu w+der u~d pdh
ci~i, tKFI if1f~ ~vMy. paYsbl~ ro aid MORTGAGEE as i~s lmeresr may app~ar. ud ~ach and ~wry ~uch poGcy ~MII b~ promptly att:y~+~d and d~livK~d b
~ny Mld by said MORTGAGEE ~i (urther tec~rity eo ssid n,ortya9e debt, qnd, not ~eu ~han ten (10) d~y i~ +dvanu of th~ ~xpiration of e~ch poliey, lo dr
IivN to said MORTGAGEE a re~ew~l thereof, toqa~Mr with a reteipti fw tM pnmium of tvth r~newal; snd ~I+~r~ ihall be no (~n w windstum i+uwuK~
plac~d on ~ny of uid buildings, •ny inter~~t th~rein or part th~reof, unlcu in tM ~wm and with tM loss payabl~ u atutt~idt and tn 1M ~wnt ~~ryr swn .
of mon~y becon,p payable ur+d~r such policy or policiei said MORTGAGEE ihall Fww ~hs op~+on ~o receiva and apply tF+~ um~ on acco~nt oi tl+~ ind~bted~
n~u secursd ht~eby or to permit s~id MORTGAGORS to receive and u~ It or sny pa~t lhereoi ior o:he~ purposN. wi~hout the~ab/ waivinp w unpa+t•
inp any eq~ity, lien or ?ght unde~ or by virtw of Iht~ mort9~c; ~nd in tM ~vent aid MORiGAGORS ihsl) for any r~aton fall to ke~p ~he said pn.ni~es w
inswed, a iail 1o deliver promptly any of iaid policies of 7nsurance to s~id MORTGAGEE, w fail promptly fo pay fully a~y premium ther~for w in any _
r~spect fail to perfwm, d~xharge, execute, ~ffsct, comple~e, comply wi~h and aWds by this covenant, a ~ny part hereof, said MORiGAGEE may plac~ ~nd ~ 1'
pay for iuch insurancc or any part thereof wi+hout wsiving or aifectiop ~ny optiay lien, eq~ity, o~ ripht u~der o? by vinw of thls Morfyp~, and tM
full amouet of e+ch a~d ewry such paymenf ihall be imm~d~ate~y dw ~nd p+yabl~ ~nd ~hall bex intereit f~om th~ date thereof vnfil p~id at th~ rat~ 01'
nine per centum per annum and toge~her with such inte~est shall be securcd by the li~n of this morfpay~.
1. To permit, commit w wffer np wasts, impeirment a deteraratian ol Nid property w My p+A thereof.
S. To p~y atl and unpulu tM cosn, charpes and exp~nse~, i~ciudinp a re~sonabk attan~y i fee +nd cosh of ~bstrsds of titk, incvrnd or p~id at
any time by said MORTGAGfE, because a in 1M fvM1 Of tM tailure on the part of ths s~id MORTGAGOR to duly, promprly ~nd f~lly pxiwm, d~schuq~
executs, effed, complete, comply with and ab;de by each and every the stipulations, a~reements, corKlitiau, snd covenants of ssid promi:sory noq ind thb
mor!yage any or either, and ta7d coib, char9es ~nd expenses, each and every, tMll bs immediatety due and pay~ble; whethe? w not tMrt b~ notiu ds~
ma~d, attempl to collect w tuit pend~ngs snd the futl artwunt oi exh and every such psyment shslt bea? interest (rom tM dat~ tMreof ~ntil p~id at fh~
rate of nine per centum per aruium; o~+d all said wsts, charyes and expenses incurred w paid, together with such inqrtst, ahall b~ secu~ed br th~ li~n of thq
morfpagt. -
b. That (a) in the event oi any breach of this Nlatgsge or defaull on the part of the MORTGAGOR, w(b) in the event ~ny of said svm~ of morwy
herei~ referred to be not promptly and fully paid within thirty (30) d~yi next after the same severally become due and pay~bb, withart d~rrwnd w notite.
or (c~ in the event each and evary the stipulatiom, agreemc++ts, co~l~tions ~nd coverunts of sa~d p?omiuo?y note and tlus mortpape any a eithet ~n no1
~vly,p? ompNy and fully performed, d~uM~gcd, executed, etfected, complered, complied with and sbided by, then in ~ither w any iuch ~ve~t tM aid ap-
pregafe sum mentaned in ssid promisswy note thcn remaining unpaid, wirh interest acaued, and all moneys setured hereby, sMll beconN dw and p~y~
abie fathwith, o~ therea!fer, at ihe oprion of said MORTGAGEE, as fully a~d comple~ely ss if all of ~he said sums oi mo~ey were orqin~lly stipulated
to be pnid on such day, anythirg in said p.om~ssory note or i~ this Mwtgage to the conrrary notwithstending; and thereupon or thereafte~ at the option of
said MORTGAGEE, without notice or demsnd, suit at law or in equity, therefore o? therca(te~ begun, may be proucuted u if sll moneys secw~d hereby
had matured pr~or to ~ts institution.,-'
7. That in the event that at~the beginning ot or at any time pendirg any suit vpon this Ntwtgsge, or ro fa~close it, oi !o refum it, or to enforp
paymcnt of arry daims hereu~der, said MORTGICGEE sh+ll apply to tM Couh Mviny jur~sdiction therwf fw Ihe ~ppointment of a Receiver, svch Cou?t thall
forthwith appoint a receiver of :a~d mortgaged property all and sin9ular, includ~ng a?1 and sing~lu tM incoms, p~otib, iswe~ and rev~nves from wMts~e~
wurce derived, each end eve~y of wAich, H being expre~sly understood, is hereby moitgaged as if spec~fically ut fath and described in the y~intinp ~nd
habendum dauses hereof, and such Receiver shall have. all the broad ant! effsctive ~wns and powers in anywise entrusted by a Cowt to a Receiver, ~nd
such appointment shall be made by wch Cdurt as an admin~d equity and a m+tter ol abaolute ~iyht fo s~id MORTGAGEE snd withovt refere~te to th~
adequacy w inadequacy of the vatue of the property mortgaged w ro the sotvency or insolvency of said MORTGAGOR or ihe defendants, and thaf fvch
ren~s, profifs, inc«r~e, iuues and revertues shaN be spplied by such Receiva accord~ng to ths lien a equiry of taid MORTGAGEE a~d the p~actiu of such
Court. '
8. To duly, promptty and fuily perform, discharge, execute, effect, complete, comply with ~nd ab'Kk by each and every the stip~lations, ~reements,
conditions and covenants in sald promi:sory rtofe and this mortgage set forth.
9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a penon other thsn the MORTGAGOR, tM
MORTGAGEE, iri successon an~ assigns, may, without notice to tF+e :AORiGAOR, deal with such succeuor ot suaessor i~ inlsresl with re(erence fo this
mortgage and the debt hereby secured in the aame manner as with Mortgsgor without in any way vitiafirg a diuMigeng the Mortyagon' lisbility Ixrt
under w upon the debt hereby secured. No sale of the premius hereby mortgsged anti no fo?besrante on the part of Ihe MORiGAGEE a itf sutcessws
or asagru snd no extenian of the time for the payment of the debt hereby secured given by the MORTGAGEE or its suctessort ot assipns, aMll operat~
~o release, d~xharge, modify chsnge a affett the original liabil~ty of the MORTGAGOR here~n, either in whole p in put.
10. It is spec+ficalty agreed that time is of the essence of ~his contrsct and that ~o waiver of any oblgat~on hereunder or of tFe~ obl'p~tion ae-
cured ixreby she!! at any time thereaftcr be held to be a waiver of the terms hereof w of the instrument secured herby.
11. In add:tio~ to the forego'ng monthly payments of princ pal and interest required by the p~om~ssory nore secured hereby, mortgsgor oovensnts
and agrees to pay eo mortgagee vvith each momhly payrnent an add~iional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the fotlow-
inq:
A-All ~eal property taxes fev~ed or aasessed against thc above described real estate.
' B- Prem~ums on fire and w~ndsr«m insurar.ce ai herein requ;red to be car~~ed -:he ~mprovemenb situ~te on the above desc.ibed premises.
4 C-Premiums on such mortgage guaranty inwrar.te as mortgagee sha{~ from time to timr deem fi1 to ~arry on tF?e loan fetured hereby.
f Mortgagee shall from *ime to time notify mortsagor in writing of the amo~nt d~~~ and payable hereunder snd such sum shall thereupon be due snd
~ payable on the due Jate of ihe next monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a thanfle in such
~ amount. Such sums sh.all be applied by morrgagee to•va~d the payment of real property taxes, insurance prem;ums, and mortgage fluarsnty insurante
premiums.
~ IN WITNE55 WHEREOF, the said MORTGACaOR haa hereunto sd his hand and seal the day ye~t first afwe '
~ Sig Seated and dcliver ~he presc~ce of: ~
~ ;•~,~~,f~'~ L? aq
sie B. J es, a si»gle ad
rc..n
ts..~
STATE OF FLORIDA ~
COUNTY Of • ~~~~~~ur~~~~ I~
$t ~.UC1Q ~ ~
~ ' ~ ~ ~ i_
Before me personally eppeared JOS1Q B• JOfl@S~ a single dC~lllt ~•;•~`r..••_T~~~
• • ,G
7GlpfI~IC fo me well kAQv~e frt1 'I~R'?rv~ b me b~ie
the inaiv~o~at described in and who executed the foregoing insvument, and ecknc+wledged befwe me that:he execuk~+tM. same for ti»~qripoqs
_ ` _ ~
therein expressed. ~ - - . ~ - - _
~i
Q~~~ -
~ xa~aoo~ ~adoeedmv~ex~ :
~•y;, r-,.• ~-76
WITNESS my hand and official seal thi d~y of - n,
:A. ~D. 14
~ ~l~J '"r~,~~.~,
~ :
~ ury PubIK in and i tM S~ate of Fbrid~ at tarp~ }
~ My Commiuion expires: o.)~,~~~ t
~ Return To: Q ~ ~
~ Fint Federsl Savings 3 Loan Associat~on
Of fort P~erce.
Fon Vierce, Fbrida
. - t
~ ~
~ ~~~~~~1~±~e~`~TR?`~~, !
~ This Instrument Prepared By~?Yy M. Dobbs a~~ K G;nCU1~ OOUflT
First Federal Savin s~. Loan Association [R1€I~0 ~ +
9 nt !lECOR~Y ,
• of Fort Pierce , F lor ida . ~ ~ 2~ ~ ~ ~ `
~ Checked By ~ " 4i ~
~ . ~ 3382,50
~ ~
~ - - - - ti:~
. . . .