HomeMy WebLinkAbout0272 To pl~ce ar~d continuo~aly 4ce~ on the bu~:J,ngs now a hereahsr ~it~ate on s~id i~~ and on dl eqvipmem ~nd p~~son~lly covered by lhis mott¢
~g~, with ~11 prOmiumf the~eo~ ~•d ~n I~U, lire insur+nce in the utiual ttai+.~srd potity fo~m, in a sum approv~d by the MORTGAGEE, and windtlwm
inw~a~ct in Ihe utiwl s+ande.d {:o;~ty form, in s sum •pprovad by th~ MORTGAGEE, i~ wth company o~ tompaois~ u 1M MORTGAGEE m+y
dintr, and all fi~e and w;ndstorm inturants polic~es on any of s~id build,nps. ~ny in~e•e+l therein or put IM~wf, in tM +pgrcy~t~ sum doresa~d or
in ~xceu ~hercal, iMll cont~in tF» uswl ~~anJard mortyaye~ d~use a wch o?ha clau~s Ihe Mo~tape~ may requ~ro, makinp tM lo~~ undt~ a~d po1M
ci~s, each ~nd every, payab!~ to sa~d MORTGAGEE as ~ts mterest may ippear, ~nd each and •very w<h po!rcy •h~ll b~ promptly au 9nsd and de~ivtred ~o
•ny held by said MORfGAGEE ss (u~~her ~ecurity to said ~no+tgsge debt, and, not tesf th~n len (10) d~ys in advanco o~ IM ~apir~tion of e~ch policy, lo dF
I~ve~ to uid MORTGAGEE a rcnewal thereot, together with a iece~pt fa tAe p~~mium of such ~enewe~; ~nd ~here shsll be no fue or winditwm intu~ant•
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y:wou v.~ ~u~ v~ se.u u ~u.~y~. •ur ~ic~ui ii~c.on~ ~n ~.o~: ::n w~u~ ~uu wnn :~ro ~ s y~~~u~~ ~i ~iw~H.u. ~•w :i.~ i - .
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of mon~y becon,es payable under s~ch ~poi~cy w pol,cies sa;d MORIGAGEE shall have ~he op~~on to rete~~e and apply ~he s~me on account of tM ind~bted-
neu setured heroby w ro permit said h:ORTGAGORS to rKaiv and~uN it w any parl tixreol for othcr purposrs, wiihout th~~eo/ w~ivi~~ or mipain
ing ~ny eqv+ty, I~en or rignt under w by virtue of this mortga9e; and in Ihs evcnt ta~d MORTGAGORS shall tor •ny ~eason fail to keep Ihe s~id p~~mises w
i~su?ed, w fail lo deliver promptly •ny of se~d polKie~ of insuranc~ to sa~d MORTGAGEE, or laif promptly fo pay fuily any premium therefq p in a~y
resp~ct Fail to per(am, d~scharge, execute, eifect, comptete, comply with ~nd abide by thi~ covenanl, a ~ny perl hereof, seid MORTGAGEE may plac~ and
pay (w tuch insurance or any part thereof w~tFw~t weiving a aifectiny a~y op~ion, lien, equity, or tight under w by virlw o( this Mal9aps, and the
tutt ~mount of each and every such payment shall be immcdistriy due and payabie ~nd shail bear interest from tM date thsraof umil paid ~t th~ rate of
nin~ per te~tum per annv~n and to~rthrr rr~th ~uch intrreat thell be src~red by the lien o1 thif mo?tgeye.
To permil, commit or a~ffer no was~e, impairment w deter~oretion of said p~operty a a~y part thereof.
S. To pay sll and sinyuf~r the cosls, charges and expenses, intludin~ a rcatonable attwney i fes and costs of abstrod~ ot title, incurred or paid at `
eny time by said MORTGAG:E, betause or in the even~ of the ta~lure on the part of ~he said M.7RTGAGOR to duly, promptly and fvlly ptrfam, diuhary~
execute, effect, compte~e. comply wah and ab:de by each and every ~Ae stipu~at~ons, sg~eements, conditions, and covsn~mi of said p~omiswry no~~ and thi~
mwtgage any or ei~her, and sa~d co~n, cFurges and expenses, each and evcry, sM1I be immediately dve and payabla; whether a not thae be notite da ;
mand, atternpt Io colled w suit penJ:ng; and the full amounf o( each and every such paymcnt shall be~r ;nteresf from ths dat~ the~rof until p~id at the ~
rare o! nine {xr cenwm per anuum; ai~d ail taid costf, cherges and experus incurred w paid, toge~her w~th auch int~rtst, tMll b~ s~cured by tM lien Of thi~
mortga9e.
6. Thst (a) in the event of ~ny breach o~ tfiis Morrgage or defaul~ on thr part of the MORTGAGOR, o~ (b) in the event any of satd sumt of money
herein ra(erred to b~ nat p~omprly and fully pa~d within th~rty (301 deys next after the same severalty become due ~nd payab:t, withput demand or notice,
or (c) in the eve~t each and every ~he stipv;arions, agreemeMt. cond~rions and covenants of sa:d promissory nr~e ~nr. ~h~t mwtpaye ~ny a either ar~ nol
~uly, promptiy and fully performed, d!schargrd, exec~ted, effeacd, completrd, compGed with and ab~ded ~y, Ihen i~~ e~ther w any such evant th~ ~aid ag
gregare sum mentwned in said pronussory nore thrn remaininy ~npa~d, with ;merest accr~ed, and ail moneya ::.~ret! hcreby, shali become dw and pay~
eb~e forthwith, or thereafrer, ~t ~he opr~on of sa~d h10RTGAGEE, ss (ully and comptately as if all of the saic+ sums of monay were w~ginally ttipulated ~
to be pa.d an such day, anyth~n3 in sa.d prom~ssay note w in thie Morfgage to the conrrary notw~thsrr-.a~~~; and thereupan or thereafter al th~ option oi ~
sa~d MORiGAGEE, w~ti:out nonce or drmand, suit at law a in cqwty, therelore or thereafter begun, may be prosecutcd ~s if all moneys setur~d F~ereby ~
had maWred prior 10 ds inal~tut~on.
7. That in the event that at the beginning of or at any t~me pe~+ding any suit upon this Mortg~ye, a to fdetlos~ it, w to reform it, or to enforq t
paymem of any daims ~e.eunde~, said MORTGAGEE shall rpply to the Covr~ hev~ng ~wnd:ctio~ ihere~~ ior ~he appointment of • Receiver, such Coort sMll ~
torthwith appoint a~eteive~ of said mortgaged property all and sing~l~r, inci~d.ng atl a~d sinqular the inco.tie, profils, is~~es and revenues from whattrer
source derived, each and every oi wh.ch, it being expressty understood, is hereby mpttgaged at ef spKifical~r ae~ fOrll? and destribed in tht pra~tiny •nd '
habendum dauses hereof, and such Receive~ shall hsve all the broad and effecnve i~nct~ons and powers in ~nyw~se enuvs•-~ uy a Court ~o a Reteiver, ~nd
•uch sppoi~~me.,t shait be made by svch Couit as an admitted equity and a ma~rer of absolute right to wid MORTGAGEE, and withaut .~ference to the
edequacy w inadequacy of the value oi the property mortgaged or to the so~vency or ~nso~vency of ssid MORTGAGOR w tM defendants, and thaf such
rents, profits, irxome, issues and revenues shali be applied by such Receiver accord+ng to the lien w equitq of said MORTGAGEE ~nd the pr~:fica of iuch '
Courf. S
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A Ta duly r..rv.endv a..rl F..IIv .,~.f.,.... .~:y{,....~ ~:e...~~ ni[P.. ~e•~ 6...~ L:.1.. ~.c :
. . . ~ . ~ . . y" ' ~r.-._, _ ' ~i t~.. :.::3 E~Et'j t- :::~...-..:v:d• i^y'?~'v.:c8:i,
conditions and covenants ~n sa~d prom~ssory note and th:s mortgage set forth.
9. That in the ever.t fhe ownersh~p o~ thr mortgayed pren,~ses, w any pa~t thereof, becomes vested in • person other tha~ the 1NORTGAGOR, tM `
h'.ORTGAGEf, irs svccessors and ass:gns, may, withou~ notice to ~he MORTGAOR, deal with such successw.d successor in imerett with re(erence to this i
mo~~gage and ~he debi he~eby sec~~ed i~ the same manner as w~eh ?Aortgsgo. without in eny wsy vit~atinp OI d~KFM~9itffl the AAwtya9wi li~bility here ~
~nder a upw~ tM debt hereby sec~red. No sate of Ihe Fremi~es hcreby martgaged and no forbe~rance o~ tF+~ parf o! the MORTGAGEE or iri iucce~sws
or es~~gns and no extens7on of the time for the payment of the debt he.eby secured given by the MORTGAGEE or its successora w sui9ru, sh~ll operat~
~o release, d.acharge, mod~fy changa or a(iect the org~nal liab:~~ty of the MORiGAGOR herein, either in whde or in put.
10. It is spec;f~cafly agreed ehat t~me is of the essence of this contrac~ and that no waiver of sny obligat~on lureunder or of the oblip~tion se- ~
cured hereby shati at an~r tirr.e thereafter be he:d to be a waiver of the terms hereof p of the instrument secured herby.
11. In add r.o~ to tfi.. toregc'n~ monthly payments of pri::c pal and in!erent requ~red by the prom~nsory note secured hereby, mortg~got tovenants
and agrees ro pay to mo~tgjget w~rh eech momh'y payr.:ent an add~~ional sum esr~n,ated b~ mortgagee to be equal to 1~ 12 of the annual cost of the follow-
:ng:
I
~ A-All reai property ra¦as le.~ed or azsesi~•d aga~•~st th~ above descr~5ed real esrafe.
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I B Grem~ums on fne and w~~dsto~m insu+~~ ce as he-em requ.~ed ro be carried en ~he ~mprovements s~~vate on the above described premises.
~ C-P~em~ums cut such murtcaqe gua:an~y ~nsura~.ce es mo~~gagee shail fro~r t,me to t~rne deem fit to urry on tt~e loa~ secured her~by.
f Mortga~ce snai! f.cm r•n;e to f~me ?or~1~ mortgager in wriring of the amo~nt due a~d payable hereunder and such sum shall thereupon be d~e •nd
~ ; ayable on tne d,e da~e of t~~ next rWnth!y paymeM and eath svccessive month theresfrer ur,til mwtgagee shall not;fy mortg~gor of a change in such
a~:ount. $uch wms sha:i be app:~ed uy mwtgagae ~owa,d !he payment ol rea! propeny !a,ces, insurance prem.ums, and mortgage gwraofy inturance
E premiums. .
~ IN \YITNE55 'tiJNEREOf, the sa~d MORTGAGOR has he~eunto set his hard and spai the da a d ~
i Y Year firit afore
i Signed, Sealed and de'~vgred in the presence of: ~y~ ~c y
f _+4. ^ ~ _._.c_.~ } a
I _ ' i ~ ~
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i - - ~ Z. ~:~J`.~. ~C (Se~~ '
~ ~ a~r~. vezi ge ;
rc.,q ~
STATE OF F29Ri6A V! 4' 6/i(J ~ R ~ ~
COUNTY OF ~ ` '1~~~~ _ 1
~ ~ ~ ~
. ~,r- i
~ ,d:fp,,.,r`;;~.a,y~~'/,pp.a.~ Melvin E. Loveridge ~
~ . • . l.,
_ : - MaZy E. Loveridge his wife, to me well known and knowe w me to b~
~ ~i,e i~dividuaS3. ~"~bld i~~od who execufed the fw o'ny instr men ~nd e tedged befwe me that they executed the same for th~ purposa ~
~ rherein e~,.~~ .?,~~f?x ~arY ~.over`~ge
' ~ Melvin E. Loveridqe ~
~ .v~~(e bf 1~t s~aid ~rpon • separ~f~ and priwq
examirys+qn 4~~ takep ~parale and apart from her said husba~d, ecknowledged to and before ms that she executed said instrument freely ~nd votun~
ra.ily a'~!.'uri wt, arry,.tompukion, consr.aint, apprehens~on, or fear of or from her said huiband.
- WIT?JELi.ny'tijand arn! offic~e[ seal th~s__~~~ day of S tember p. 19 J(~
~ • ~
'""`-KL-.~- ~
$ Notary PubIK in ~nd tor the Stat~ of F{wida-~isr~ (/~,Q6i~u, q
f My Comm~ssio~ e:piret- I~ f j~ 7'~
Rctvrn To:
~ first Federal Savings 3 loa~ Associat;on
O( Furt P~crce
Fort P~erce, Flor~d3
~ 34E~3 ~ ~
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~
This Instrument Prepared By H~1 Robeits~ Jr.
~ First Federal Savings 3 loan Association €
~ 04 Fort Pierce ~ FlOrida
~ ~4~I~~Y ~4 •
X ~iOuEF ?~IiqA¢
- Checked By ~ E~:F;~ G~: CUt1 ~@URt '
; ~ R ~VV ~'~~E ~~V Pff!onr. yEe~F~ED
~ ~ EeeK ~ ~y I`l 49PM'~6 ~
- ~ - ` ' sh