HomeMy WebLinkAbout0260 To place end co~tinuou~ly keep on the b~~'d~ngt ~ow o~ he~eafter ~ituete on sa+d ~snd snd on a~i rq~~pmant ~nd personslly cov~red by ihis mortp~
~q~, wilh ~11 premiumt the~con pa,d ~n luli, fue ~m„ra~ce ~n tho vsual fta~xlard po'icy fo~m, in ~ wm approved by the MORfGAGEE, ~nd w~nds~o~m
insurance in tha utiual stendard poi.cy (o~nL in a.sum approved by the MORiGAGEE, in such comp~ny or compa~ies as ths MORTGAGEE may
dirM; snd all firo ?nd w~~dstorm ir,~„rance pol~c~es on ~ny of s~+d build~np~, ~oy intero~t the~ein or pa~f thereof, in tl+~ ~gqreyat~ wm afptsaid w
in ~acets Ihercof, shatl contain ~he uswl standa~d mo~tgagee clavae a such other clsuse af ?he Ma~pegre msy requ~r~, m~?inp tht lost unde? ta~d poli-
cies, each and every, payab!e ro sald h1JRiGAGEE as ~ts ~nrcre~t may ~ppear, and each and ~e~ery such poucy shdl be p~omptly •u q~ed a~d dtlivered to
any he~d by sa~d MORlGAGEE as fur~he+ •ecuri~y ~o sa~d mo~~gage debt, and, oot !eu than ~en (10) dsyf in ad+ance o( Ihe •apir~tion o1 ~ach potity, to dr
livsr to ~a~d MORTGAGEE a rene~n•al thereoi, toqether with a rrce~pt for the prsmium of ~uch rene+vel; and the~e shall be no fire or w~nd~torm insurant~
p~~ced on any ol iaid build+ng~, any in~crest the~e~n o? pa.1 theroof, unle~a ~n tM lorm •r.d wi~h tM toss payebl~ as •faasaidr and in ?he ~v~nt ~ny fum
of monsy txcomes payable unde~ s~ch policy a pol,c~es iaid MORTGAGEE aAaU Mve ~he op~~on to receive and apply the samc on accovnl ot the indebted-
nesi secured hereby O~ to pe~mit teid 1AORTGAGORS to re[eive and ute if o! any part Ihercol for ctiicr purtoses, vnth.put th=reb~ waivi~ig or ~mpair-
infl any equ~?y, Iien w r~gh~ under or by virtue o~ this morsgage; and in ~ha avent ~a:d MORTGAGORS ahell fw any reaton feil to keep the iaid p~emiict so
~nS1l~. ;,Y ~di! :C .'~..!:rC: ! S:s~• i'it ia:.'~. ~ t 'vt i ~iviern2 f'v 33~ iS~~ii(~ii~vZ~. ~i ioi ~ ~ :
p-~..~~ 7 r w~~:e Nco-~a.~ sa pay lu;.y a=y ~,;e,
:~.:rs ~.2:~fas ar kt szp
respett fei~ ?o per(orm, discharge, exec~ta, efiect, tomptete, canply with ~nd •bids by Ihi~ [ovenant, or any part F+~rtoi, ta~d MORTGAGEE m~y p4~te •nd '
pay fw such ins~ren:a w eny pa~l thrreol w~thouf waivirg a•ffec~irg •ny opt~on, lien, eqv~ty, or right under a by virtu~ of this Mwt9ape, ~nd ths
fu11 amount of each and every such payrtxM ahall be ~mmcd~ately due and paysble and shalt beer interest from 1he dat~ thereof un~i{ paid at the at~ ot ~
n~ne per centum per annum and fo~e~her wifh auch in!e«sr shaN be srcured by the Gen of th~s mwty~ge. ~
1_ To permit, commil p fuffer no we?te, impairmrnt or derer~oration oi said property or any part thereof.
5. To pay ell and singutar the co~fi, charges and ex~,enses, includ~ng a?easonable artomey's fee and coets of abstrocts of titte, incvrred w p~id ~t ;
any time by sa~d A~ORiGAG£E, because or in ihe event of ~he fa~lurc on ~he part of the said MORTGAGOR to duly, promptly and fu~~y pertorm, d~uharg~, ~
exrcute, etfect, to~npltte, comply w~th a~+d ah d~ hy saci+ and every the s~~pula~~cu~s, agrec~ne~rs, cn+ditiona, and covsna~*t ~f s.~e! p.nm.;,~pay nets and this
morrgage any or either, and sa~d coats, charges and expenses, each end every, shail be imrtirdi~tely d~e and payable; whether a not there be not~ce da i
msnd, utempt to collcct or suit pend.ny; a~d the fult arnount of each end every such payment •MII bca. interes~ from the dats thereof until paid at the ~ i
~ate of n~rH! per centum ~r annum; and a~l aaid wa~s, ct~e~ges and ex, enses mcurred or paid, togethe? wdh t~ch imeresl, ~hall be setured by 1he tien of thi~ _
mort9age• 1
6_ Thaf (a) in the event of a~ breach of this Mort ~
. y gege or deiautf on the part of the MORTGAGOR, a(b) in the event ~ny of said tums of money E
herein referred to be not pranptiy an~t fully paid wi+h~n th;.~y (30) der~ next afre~ the same tevera:ly become due and payable, without demand or notip,
cr (c) in the event each and eYery the s~ipu.a~rons, agreements, cond~r~ons and covenants of sa:d pranissory note and tha mortgaye any w either are nol
3uly, pranptly and fully pe~formed, d~schar~ed, e~ec~t~d, efiected, canpleted, tompl~ed with and. ab~ded Sy, then in e~ther w any such evtnt tM said a¢
~r~gate sum menteoned in said promissary note thrn rema~ning unpa~d, wi~h interest accrued, and aIl money secured hereby, aMll become due a~d p~y~
ab~e forthw~rh, or thereafrer, at ihe op~:on of sa:d A10RiGAGEE, as fu:ty and complerely as ii all of th~ said sums of money were uginally stipulated
ro be pe;d on such aay, anyth~ng in sad prom:ssory note or in thii Mortgage to the conr.a~y notnithstending; end thereupon w thereafter at tM option of
~a+d M.ORTGAGEE, w~thout not~ce or demand, su~t at law w in equ~ty, thereiwe w thereafter begun, msy be proxcutcd as if all moneys secured he~eby
nad matvred pr~a to ~ts institunon.
7. That in the cvcnt thaf at tht beginn;ng of or at any time pend;ng any su~t upon this Mortgage, or to faeclou it, or to refo.m it, w to eniorce
payrrKnt of any cla~ms hc~eur.der, sa~d 1dORTGAGEE sha:l appty to the Court having jurlsd~uion thereof for the ~ppomtment of • Rece~ve~, suth CouA shall
Forthwith appotnt a~ece~ver of sa~d mwtgaged property ali and airgular, inc;ud.ng ali and sfngular t1~e income, pro(~ts, issues and revenues (rom wbatever
u.vrce de~ived, each end every of wh~cfi, ~t be~ng eapressfy ~nders~ood, ii hereby martgaged as if apeufically set (orth and dewibed i~ the prantirg and
haEtndum clauses hereol, and such Receiver shail have a:l the broad and efiective iurzct.ons and powers in anywise enlrusted by a Court to a Receiver, •nd
ssch appointmen~ shall be made by such Court as an admitted equity and a matter of absolute r~ght to 3a~d MORTGAGEE, and without rcference ~0 1hs
edequacy or inadequacy of the va(ue of the property mor~gaged or to the se:vency or insctventy of sa~d MORiGAGOR p the defendants, ~nd thaf such ~
re~ra, profits, income, ~ssues and revcnues sha~l be applied by such Receever atcord~ng tu the lie~ w equity of sa~d MORiGAGEE and the prac~iu of such
Co~rt.
8. To du;y, prompt!y and fvlly perferm, drscharge, execute, eftect, c~mplete, cornply w~th and abide by each and tvery the stipularions, agreert~ent~,
c~r,ditio~s and covrnants ~n sa;d promissory note and th~s mortgage srt forth. '
9. That in the event ihe owne~sh;p of the mo~tgaged prem~ses, cr any part thereof, becomcs vested in a person other fhin the MORTGAGOR, th~
:'.~RTGAGfE, its successors and assigns, may, wirhou~ ne~ice to ~he 1~lpRTGAOR, deat with such successw a successor in interett with re(erence to this
~*o~tgage a~d the debt he~eby sec~red in the same manner ss with hbrr~agw without in any way vit:ating or d~uharging the Moatgagors' li~bilify hert
~^der w upon the debt hereoy secvred. No sa:e of the ~re~~~ses hereby mortgaged ar.d ~o forbearonce on the part of the MORiGAGEE or its successon
o+ ass~gns and no eater.s~on of the time for rhe payment of the debt hrrehy secured given by tlx MORTGAGEE or its tuttetsors or auiyns, ~hall operat~
!o relea;e, dacharge, modify change w afFect the o~g~nai liaud~ty of thr N10RTGAGOR herein, either in whole w in part.
10. It is spec~f:cally agreed rhat t~me is o~ the essence of this contract and that no waiver of any oblig~f~on hereunder w of ths obliyation ss-
c~:ed hereby shal~ at any tirr.e thereafter tie heid to be a wa~ver of the terms hereol w of the instrument secu.ed herby.
t i. In aJ~ t~o- to rhe forego ng ..;onrn~y ~:aymrnrs of p~;nc pal and interest required by the prom~swry note secured hereby, mortgagor covenants
n• d agrees to ray ro n:o•!gagce +.~th each r~aneh'y ;,a~~.,en~ an add:noz~al .vm est:.,:ated by mortgagee to be eq~a~ to 1; 12 of the annual cost of the follow-
,..,3
A-AII ~eat crope~ty taars lev~ed w assesscci ag3~•:st the atove desv~bed real estate.
B-Pr~•rr~c, ns on f~re and w;r,dsrorm ~::sura~o_ a: herc~n ~cqu;red to oe carned on the improvemen?s sit~ate on the above desvitxd premises.
C-P.e:o,ums on such mort~;ge g.,a~anty ~r.wra~.ce as morryagee shal: fr~m f:m¢ to time deem fit to carry on the ban srcured hereby.
M.ortgaqee sha!i !ro•n nme to t~~r.e ~o'~f; mc~e,a~cr ;n v.rrt~ng of the a-~:ount d~e artd payable hereundtr and such surn shall thereupw~ be due and
:~;abte on the c!~e cia•e of the next r»ont!~ y pay~~ent and each success~ve monrh thereafter ur.tiil mortgegee shall not~fy mortgagor of a ehange in weh
e-evnt. Such s~ms s~a:i i~e ap~:!:~d hy mortga~•se fov.ard ihe pavmrrt pf rra~ preperty taxes, inwrante prem:ums, and mortgage guaranty inwrarKe
:~-enuums.
~ IN WIT~iESS :':HEREOG, the sa~d MORiGAGOR has hereunto set h~s hand ertd seal the day and year first a{ said.
~ Signed, Sealed and ddivered fn the presence o4: ~
i
en
_ c~~-r~___ - G. B. Waltets ~
~ n
E t1~~ - . Alliece 'alters ~
~ .
1 S~ATE OF FtORIDA ~ `~~~iltli:i~
~ r
_ ~OUNTY OF ~t - G1C 1C' - - I SS. `;`~-,y~~Lj ~ ~ ~j ~i~~.
~
i Be(we me personalty appeared _ G. B. k'~ 1 t e r s '.'~r, % ~ ~
_ Alliece Walters ` .
_ his wife, to me jv~t ~ad AMrle=lo bf
rhe individuais described in snd who executed the foregoing instrumeni, and acknowledged befae me that they ~t11~~san~k~ pu~oses
Alliece Walters ~ ~ . -
- rherein expressed. And the said- _ ~ . a~, • -
a Nife of the said _ G. B. l~alteis ~ : '~u ~~:p'~~at~
e~am~nation by me taken xparate and apart from her sa~d husband, acknowledged to and before me that she exetut iM men~~Ae~ vOluo- ~
' ~aril and w;thout an ccm vision, constraint, a
Y Y P ppreh ;q,n, or fear of w from Fxr said husband. ~i~~ ~~,tiJ
1
WITNESS my hand and affiuat seal this_ v~~ day of ~ tember ~~b 19 7fi
~
Notary b' in for the State of florid~ ~t larp~
l4Ry Comm~ssion expires:
r ~Tetv~n 1a ` ' } ,t ~
firsf Federal Savings 6 Loan Assotiation • - - • - ~ •
: Of Fort P erce. j.•, • " ~ • • , ~
~ Fort P~erce. Ffor~la . . ~ ..~t ~
E ~
34~3: ,2
; This Instrument Prepared By C~ona 1 d E. Hughe s
First Federal Savings 8 Loan Association f~~0 :Ki~ ~EGOkOfO
of Fort Pieree , F lor ida sT_~uCIE LO;lNTY fU.
- t~O;f = ~ =1TRA5
~ Checked By a{ ~~RVEF~
IED CCUR
F '
SEt I9 Il a? Pt~'~6
- aoo~ z58 P~cE z57 ~ : in 4