HomeMy WebLinkAbout0448 3. To plac~ anJ cominuovsly keep o~ ~M bu~!d~ny~ raw w ht~esfte? ~~ru~re on a~d I~nd and on ~11 equipmen~ ~nd pasa+ally cov~r~d by this morl¢
s~, with di ptemiunu thercon pe~d in (uil, f~re imu~ence in ~he usual s~and~rd po~~cy (orm, in ~ sum spprovtd by ~ht MOR~GAGEE, ~nd windstwm
irowanc~ in ~M u~u~t ~~~ndard po~.cy 1am, in a sum spproved by MORTGAGEE, in i~ch company o~ companin ~f IM MORTGAGEE may
~ dk~ctJ u+d aU (ir~ ~nd w~nd»orm iniur~nce aolk~~~ on any o( iaid build~npt, any int~~~s~ tKer~ie or put thereof, tn ~M +pyrepa~ w~n ~fons~id or
M~acts~ Ihe~wf. ~Aatl tontain ths us~al standard mortga9N cl+uss w such othH cl~us~ a~ 1M Mo+lpa9e~ m~y ~eqvu~, maYinp th~ lost und~t u:d po14
cia, each and ~very, p~yable to s+id MORTGAGEE as ~~s intcre~~ may appea~, and e+ch and eve.y such polity ~hall be promp~ly as~.yn~d and d~tiv~r~d to
~ny held by iaid MORTGAGEE as (urther srcurity ro iaid mo+tg+9~ debt, and, r+ot I~sf tha~ Ien (t0) days in advanc~ of tM expir~tion of ~~ch polity, to da
livr ~o uid 1N~QTGAGEE a renewal tAe~eof. loae~hK wi~h • reuio~ fo~ ~I?e a~mivm of iuch renewal; u~d ~hsr• ~hall be no f~ro a windstam in~uranc~
pl~ced on ~ny o( uid build~ng~. any iroere~l ri+H~in a part the~eof, vnless in tM fam ~nd with fM tost payabN ~ra~uw~ ~nd ~n ~n~ •v~o~ ~ny sum
of money becom~s payabl~ under iuch policy a polK~ss said 1~10RiGAGEE shall Mv~ N~d opt;on ro rece~ve •nd +pply tM s~me on ~ccounl of tM ind~bted- ;
Mu secur~d hereby w to psrmit said MORiGAGORS to rKe~ve and us! it or any parl theteol for othcr purposes, willw~f thrreb/ waivi~ig Or ~mpair-
irg any puity, lien w right v~der a by virtw of this ma`yige; ~nd in tM tvent w~d MORTGAGORS ~hall.fo? +oy reawn fail ro keep the faid prtmisst so ~
iniured, w}~il to deliver promptly a~~1 of said policies of insu~anc~ w said MORTGAGEE, a fail promptly to pay iulty any prem~um therefor a tn any
~~sped tail b p~+(am, dixMrge, execute, ~(fect, complete, comply with ~nd ~bid~ by this covenanf, o~ ~ny part hereof, uid JMORiGAGEE may pl~u and
p+Y fa such insurante w any part thereo( w~ehout w~ivinp w•ffectinq ~ny optiw~. lien. eq~ity, w rpht undet p by virtw of thi~ Mott9ay~, and tF~t !
full amount of e~ch and ev~ry tuch payment shall be ~mmed'utely due and payable and sMll bcar intere~t Irom th~ d~te therao( until paid ~t tM ra~t ol t
nir» per centum per annum and together with such inte~est shall be setured by /M lien o{ this mwlgaye.
To permit. commi? a suifer no waste, impai~ment or deterio?at~on of said prop~?ty o? any psA thereol. ~
!
S. To p~y all and sin~ula the costs, cha?pes and e:penses, includi~.p a ressonable ~tlaney t~es and cost~ of st»t?~ct~ of titl~, incuned w paid at ~
~ny time by said MORTGAGEE, becavse o~ in the eve~t of tha failure on fhe part oi the ssid MORTGAGOR to duly, promptlp ~nd f~lly perfum, dixhu9~,
~xecvt~, e(fed, complett, comp~y w~~h and ab:de by each ~nd every the stipulatwns, sgreements, :onditiont, ~nd oovenants of said promissory not~ and thU
mwlyap~ u?y or e~fhe~. ~nd ss;d cosn, chuQes and expenscs, esch and eve~y. sMll b~ immsdiat~ly due and pay~blr, whether a eW there b~ notic~ ds
mand, anempt to co11eN or suit pcnd~ng; and the iull amount of each a~d lVNy fNt~l ~DyR1lRI ahall bea~ im~resf from th~ dat~ thereof ~?ntil paid at th~
rate of nino per cenrum pe~ anuum; and all said costs, charpes and cxpenxs incurred a paid, together wnh such interes~, aF?dl b~ s~cvred by tM lien of tha
mort~aqt.
6. That (a) in the event of any breach of th~~ Nbrtgag~ w defavl~ on the part of the MORTGAGOR, or (b) in the evenf ~ny of uid turns of mwky
F+erein referred to be not promptly and fully paid wifhin ihirty (30) days next afte. ths same severalty become d~e ~nd pay~blt, without d~nund o~ ~oticK~.
o~ {c) in the eYent e:ch ard eve.ry the slipulations, agreements, conditions and covenants of sa:d prom~ssory no~e and thw mortps~~ any p eitl+er u~ nol
*rty, promptly and iully perfwmcd. d:uMrgrd, exautsd, effeded, comp{eted, compl~ed wtfh and ab~ded ~ay. then i~ either o~ ~ny such rv~M tF» s+id ag
preyat~ wm mentioned in said promisswy note then remaining unpaid, with interest accr~ed, and all moneys setur~d hereby, shall batomt dW and pay~
~bte fathwith, or thereafter, at the opt~w+ of said MORTGAGEE, ss fully and compierely as if all o! the uid sums of money were orgin~l~y itipulattd
to be pa;d on svch day, anything in sa~d prom~ssay note w in this Nbrtga9e ~o the co~r~ary notw~thsranding; and thereupon d thereafta ~t tht optioe? of
said MORTGAGEE, wi?hout nohce or demand, suit at law or in equity, therefore or ~hereafter begun, may be proxcuted if ~II moneys ~etuted hsr~by
had maWred pnor 10 ~ts institution.
7. That in the event ~hat a~ the beg~nnirg of or st any time pcnding any sv~t upon rhis Mo?tgsge, a to faectose it, a to refwm it, w to enfwp
payment of sny cla~ms Aereunde?, sa~d MORTGAGEE shall apply to tlx Cou.~ hav~~g iurisd~a~on thereof for the ~ppointment of ~ Receiva, tuch CouM sh+l)
fo~thwith appoint a receive? of said mortgaged property al! and sinyular, incl~d~ng atl and sing~lar the incom~, profits, issues and rev~~ws from what~vq
source de~ived, each and every of wh~ch, ~t being expressly undentood, is hcreby mo~tgaged as if spec~fiutly tet falh and dewibed in tM yrantinp and '
habendum clauses hereof, and s~ch Recei~er shall have aIl the brwd and effec~ive funct~ons and powcrs in anywise entrusted by • Court to a Receiver, ~nd
such appointment sha11 be made by such Cou~t as an adm~tted equity and a matrcr _ of absolute right to said N10RTGAGEE, ~nd without referencs to iM
adequxy w inadequacy of the wlue of ehe propcr?y mor~9aged or to ~he so~vency w~nsclvency of sa~d MORiGAGOR w 1he def~ndann, and that such
rents, pro(in, income, issues and revenues shall be apptied by such Receiver accordin9 to the lien w equity of said MORTGAGEE and the pr~ttiu of such
Co~rt.
8_ To duly, promptty and (vlly perform, discharge, caec~te, efiect, comple~e, comply w~th and abide by tath and every the stip~tations, agreeirwnt~,
conditions and covenants in u~d promtssory note and th~s mortgsge set forth.
9. Thst in the event the ownership of the mortgaged premius, w any part thereol, bccomes vested in a penon other th~n 11x MORTGAGOR, /Fy
MORTGAGEE, it~ successors and assigns, may, withou~ not~ce to the MORTGAOR, deal with such succeuor a succefsw in interest with referente fo 1F?a
mortgage and the debt hereby secured in tht same manncv as wifh Mortgago~ withouf in a~y way vitiating w disch+rging fhe Mwtyagors' liability hert
under or upa~ the deb+ hereby sec~red. IJo saie oi the Frem~srs hereby mortgaged arx! no ~orbear~nce on tM part of tM MORTGAGEE a iri sutcessas
w ass~g~s and no extension of the ~ime fw the payment of the debt hereby secured given by the MORTGP.GEE or ib tuctesswa or ~ui9ns, sMll opt?at~
to release, d,xharge, modify change or alfen the original Iiab~I~ry of the MORTGAGOR herein, either in whok or in parf.
10. It is spediica~ly agrecd thst time is of the eaunce of this contrad and that no waiver of ~ny obligation Mrrunder a of Ihs obligation te-
cured hereby shafl at any time thereafter be held to be a waiver of the terms hereof a oi the instrument secured herby.
I1. In add,tion to the forego ng mor.thly paymenis of princ pal a~d intere~t required by the prom~uory note secured hereby, mortgagor covenanh
snd agrees to pay te mortqagee with each monthly pay:r.ent an add~iionat wm est~mated by mortgagee to be equal to 1/12 of tfie aonual cost of the follow-
i A-A~I real `roperty tax>s te•~~ed o+ assessed aga~~st the a6ove described real estate.
B-Prem~ums on fire a~d windstarm insurance as he~ein requ~red to be carried on the improvemenTS situate on the above described premisd.
C-Prem~ums on such mortgage gvaranty insura+.ce as morrgagee shall from t:me to time deem fit to carry on the loan secured hereby.
( Mwtgagee shaif frcm t~me to t~n,e nonfy mortgegor in writ~ng of the amount due and payable hereu~drr snd such sum shall the~eupon be dve ~nd
payable on the due date of the newt monrhfy pa~m~n! and each success~ve month thereafter ur.til matgspee shall notily mortyagor of a chtrge in such
amount. Such sums shail be app:ied by morrgagee roward the payment of reat property tax~:, insurance prem.ums, and mortyaye gwramy inwr~nce
premiums.
IN WITNE55 WHEREOF, the sa~d MORTGAGOR has hereunto set his hand and sea{ the day and year first af esaid.
S~gned, Sealed and delivered in the presence of: ~
n
lL~.~J r e q
` - x ' ~
I ~ 1 ^d . P. P. j1 ~f//
?
1~ ` ~•r~.
~ ~ ~V ~r
STATE OF FLORIOA ~ ~ • ` . •
~ ~,y ~i~
cour~n oF ~t . LZ ~ ie ~ ; . O i~ 8!? ~
. Y , :+L. . ~ : r~ =
Betwe me penonally sppeartd BEI't ile ~lly i ~ .sr =
t{i a . ae ,.e y - • _ ~ ; +
his wi fe, to mi v~
i
i~ l knp~ tQ a» ~ b~
the individusls described in and who executed the foreyoing instrumertt, and ecknow{edyed before me that thsy ~x~tt~'~^~~~~~~ p~o~u
Rita Mae tieilly `
rherei~ ex Kud. AnJ tix ~aid " ta t~, t
: T ~J
w~r~ of r~ ,~~a Be r t ~e i lly ~ ~pc•-j~~` ~,d a;~.r•
ea~minstion by me taken separate a~d apart !rom her safd husband, atkrawledged to and beforo rM that she exetuted said u~gfi~ y and vOlw?
tarily and w~thout any compulsion, constraint, apprehension, or fear of a frxn her said husband.
WITNESS my ha~d and offic~al seal this ~~1t1 dsy of c A. 19~J~.~.
Not P blic n~nd fw ths State of Fbrida ~t tup~
My Commissan ~xpira• . : ~
Retum To: t' . . t~r,t? _ !
Fint Feder~l Savings d. Loa~ Associat,on ~s.. ~..s r: ^ C[r "2> 5=;. ~ t~}
~ ..t..wt
Of Fort P:erce. ~ •.n
fort P~erce. Florida
34~~~83
This Instrument Prepared By ~•^•3~ j~. Hughes
First Federa) Savings b Loan Association
NLft AND RfwME!
of Fort Pierce ~~lorida SL UIC+£ CablfTr ft4
ROCfR PO~TRAf
Checked By nF~ 'a~~~
~FiUff~t CCtM
~ aooK 258 P~cE 44 ~r 30 11 K~ 1W'?` ;
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