HomeMy WebLinkAbout0292 3. To pl~c~ and continua,sly kcep on ~he bw:J~nq~ now a h~reaha ~~~v~t~ on uid I~nd ~nd on •II eq~ipmeM and pawndly covaed by thi~ ma~9- .
~p~, w~tl~ ~II p~emwms ~hareon pa~J ~n F~il, hre ~mw~~~ce rh~ ~i,,~t ie•~d~rd po!~cy (orm, in • wm •Hpu.ed by the MOR~GAGEE, a~d w~nd~torm
in~ur~nt~ io lfc~ uswl ~t~nJ~~d pol.cy fwm, in • wm ~pprov~d by tAs MOR(GA(iEE, in ~uch comp~ny w co.~p~nief ~f th~ MORTGAGEE n+ay
t~irKlj ~nd all fir~ ~nd w~n<lsto~m insur~nc~ poliua~ on ~~y ol ~a~d buifd~np~, a~y tnta~~~ IFKre~n or put Iher~o(, in ~M ap9req~?a ~um ~1a~t~id o~
in ~ac~s~ ~lroreol, ~hell comain ~M usual ftandud mw~flsge~ clawe a such o~Mr c!•uu ai th~ Mor~y~ye~ may rpu~~~. makinq ~Fw Io~s u~+der sa~d poli~
c~. ~ach and ~ve.y. paraDt~ ~o s~~d MORTGAGEE a~ ~p in~e.est m~y ~ppea., ~~~d ~ach ~nd ev~ry ~uch poi~cy ~h~ll b~ p~omp~ty a~~q~ed a,d d~tiver~d ~o
~ny Mtd by ~aid MORiGAGEE ~t (u~~her tecu~~ly to said n~wtq~9~ debt, •nd. no~ less tMn t~n (10) d~y~ in ad~~nc~ o) the expir~t~on ol ~~CF~ POIKy, lo ds~ .
liwr to ts:d MORiGAGfE • ~snewal ~h~reol, ~op~d+N wi~A ~ rece~pt fw the prem,um o( ~uth ro~ew~~; •od ~hen ~MIi b~ no fne o~ w~nd~~am inwra~c•
pl~ad on •ny oi •~~d b~~ld~ngi. ~ny in~er~st th~.an w p~r~ Uureol. ur~leu m~M lorm ~nd w~~h tM loss pa~~bl~ as •(w~uid; ~nd in ~M event ~oy wm
of muNy becom~f pay~ble unJe+ wch poliq a polKwf u~d MORTGAGEE shell Aaw tM op~wn ~o receiw and ~pply 1M same on accwn~ ot tM indebrsd-
n~u iecured M~eby a to permit a~~d MQRTGAGOAS ~o recr~vc s~d ~se i~ d any parl thrreol lo~ othc~ purE~o~es, r.+~1»~t ~h~.~or +vei~~n~ os ~mpeu-
iny any cqu~ty, li~n w ~i9h1 uoder « by v~n~e of this moctqaye; ~~d ~n ~he wen~ s~~d MORTGAGORS ~MU (a any reason (ail to keep th~ s~id p~tmi~e~ fo
in~ured. w fail 1o detiver p~wnptly ~ny ol ~aid pol~cies of insurance ~o s~;d MORTGAGEE. o~ fad promptly to pay fully •ny pr~,ni~m thero}w w in ~ny
rospec~ bil b p~rfwm, dhch~rgc, e¦ecuro, elf~ct, tomplete, comply w~~h ~nd ab.d~ by th+s covanant, a any part Mreo(, ss+d MGRiGAGEE m~y pi~c~ u+d
paY fa suth iruu~u~te a~ny part the~cof w~~hout w~ivinq w affrctinp ~ny opl~on. li~n. equJy. w right unde. a by virrw of thi~ Mor~qp~. ~nd fh~
full a~nouo~ of each and ev~ry such paymem sMll be ~mme~l~ately d.~e ~nd p~y~bls ~nd s~all Eear infe~est lrom ~M dat~ ~he~wf un~il paid N tM ~at~ ol ~
nin~ pe~ t~~tum p~ ~nnum a~d togethe~ w~th tuth interes~ sha~i tx srtu~ed by the lien o1 th~s mwt9ape.
1. To permit, tommit o~ su(fer no w~~t~, impairmen~ a detrrioration o( Nid prope~ty q ~ny parl thereof.
S. To pay ~11 and tinqu~ar 1M cos~s, cAarye~ and erpenus, includ~ny a reasonsble ~ttwney'~ (re snd costt of absh~cts of titl~, incurrsd or paid at
eny time by s~id MORiGAGEE, because ct in the event of the fs~lure on the par~ ol ~M sa~d MORTGAGOR 1o duly, promptly a~d fuily periorm, d•~cM~y~.
C7~KU1Q~ e(fect, camplere, compty w~th and ~b:de by e~ch and every the atipu~atrons, agreements, caxl~r~ons, and covt~ants oi sa~d prom~iwry not~ ~nd th~~
mortyag~ ~ny w e~the~. ~nd sa~d cosrs, cha~y~s and eapenses. cach and ~verY. shall b~ immedutely d~re +nd p~yable: whefhe~ a not thcrt b~ ~once de
mend, anempt to collecl or suil pend~ng; ~nd ~he fult amovm of each and e~ery such paymcnl sMll b~ar mteresr Irom the d~t~ tAercof until pa~d ~1 tl+~
rare oi nine per crntum Ner annum; and ~II said costs, charges ~nd cape~~ns ~ncuned a pa~d, logrther w~th ~vch imerest, fMll be setvred by tAe I~en of thi~
mort9sp~.
6. Tha~ (a) in the evsnf of any ~each of this Mortgoge or detauh on the part of thc MORTGAGOR, or (b) in th~ evem any of se~d sums of mon~y
hereie r~ferred to be not promptly and fu~ly paid wi~hin th~rty t30) deys ne~~ after ~he same ~eve~a!Iy txcome due u?d payable, wi~iwut d~mand o? notite, .
or (c) in tM event each and every the s~~pulat~ons, agreemenrs, cond~~~ons and co~enanro of sa•d prom~swry oote end th,s mo~tpaye any w e~ther ~re not
fuly, prompdy ~nd (uuy p~rfo~med, dscharyed, eaecutcd, e;~ected, comp:eted, comp~~ed w~rh and ab~ded by, then in e~~her w any iuch ev~nt ~M sud a¢
g.egstt wm rrKnrioned in sa~d pranisswy ncee thrn remaining unpaid, w~th intereal auwcd, and s11 moneys setured hereby, sMll become dw and pay~
sble (wfhwith, o? thercaftc~, at ~he opr~on of seid MORiGAGEE, as fulty +nd completely as il •~I o1 ~he s~~d suma of money werQ apinally stipulated
~o be pa~d on sirch day, anything in sa:d pro~n~ssay note w in ~his Mortgage to ~he to~trary notw~thstend~ng; •nd ~hereupon or thereafter ~1 tM opt~oe of
sa~d MORTGAGEE, without notice or demand, su~t et I~w or in equrty, therefore or thereaher beyun, may be prosecuted ai if •!1 moneys ucured hereby
had matured pr~w to us institutw~.
7. That in the srent that at ?he bcgin~ing of or ~t any tims pending any suit upon ~his Mortgage, w to ~pKIOf! it, or to reform it, or to enforu
paymen~ of •ny cle~ms he~eunde~, sald MORiGAGEE sha~! apply w the Co~r~ hav~ng iu~nJ~ct~on thereof for fhe ~ppo~ntmem of a Receiver, such Covrt shsll
Forthw+~h appoint ~ receiver of seid mortgaged p~operty •II and sirgul~r, inc~ud,~g all and a~ngular the income, prol~ts, issuef and revenws from what~vet
sovrc~ derived, eech and every of wh~ch, be~nq expressly underatood, ~s hereby m«~gsged a~ if spec~(ically sN lath and deuribed in the 9r~~rlnq and
habendum claoses lureol, and such Recerver shai~ ha~e all the b~oad ~nd ti(eCt~re func~~ons snd powen i~ anyw~se entruafed by • Cou~t to a Raeiver, and
s~ch appoinrment ahall be made by such Caurt as an admitted equity and a ma~ter of absotu~e right to uid MORIGAGEE, a~d withoul re(e?ence to the
edcquxy or inadeq~acy o1 the value of ?he p~opcr~y mw~gager or fo ~he sowency or inS41vlMy of ~~id MORiGAGOR p the defendanfs, and ~hat such
~enrs, proFits, income, issucs and revenues shail be appl~ed by s~ch Receiver acco~d~~~g io ~he lien or equ~ty of ta~d MORTGAGEE and the practice o( suth
CouA.
8. To duly, promptty and ivlly perform, d~scharge, exec~te, ef(ec1, compiete, tomply w~th •nd abide by each and every the stipulations, ~grccment~,
conditions and covenan~s ~n sa.d prom~ssory nore and ~h:s moregage se~ (w~h.
~ 9. Th~t in the eveM the ovvncrship of the mongaged premues, or eny part thereof, betomes vested in a perspn other thsn the MORTGAGOR, th~
MORTGAGEE, its succe~sors and ass:gns, may, w~thout nonce to the MORTGAOR, deal w~th such successa a wccessw in in~erest with relerence to this
moriga9e a~+d ~i~e deb~ hereby secu~ed in the same mannrr as w~rh Mortgagor w~thou~ in any way vit~atiny o~ d~xM~g~ng the Monyagori li~bitity lKrr
indcr w upon ~he debt hereoy secured. No ssle of t1~e ptemnes hereby mo~~ga9ed and no fo~bearo~ce on Ihe pan of the MORiGAGEE w iti succetsors
or assigns and no exrens~on o( rhe t~me fw the peyment of the debr he.eby secured given by the MORTGAGEE or its s~rcceasors or au~gns, ~hall operate
ro rNease, d~acharye, modify cFunge w af(ec~ the orig~nal liab~i~ty of thc MARiGAGOR herein, e~thc~ in whole w in part.
10. It i~ spec;ficaily agreed that tlme is of the easence of this contuct snd tha~ no w~iver ot any obl~gat~oa hereunder o~ of the oblig~tion ar
cuced Froreby shdl ~t any time thereafter be hc!d fo be a waiver ot the lerms hereo} w of 1he inslrument ietu~ed herby.
11. In edd.tlo~ to the forego ng momh!y paym-r.~a of y.inc pat and inrerest requ~red b/ the promtsscry no~e ucured hereby, mortgagor covena~ts
and agrees 1o p~y 1o mongagct v.ith each moo+h'.y payr; en~ an add~rional s~m esfen,a~ed by mo:tg~gee to be equal to 1; 12 of the annual cost o( the foliow-
A-All ree~ p.operty taaea !e:~ed o~ ass-~~s_•d ag3~•~sr thc aEove desc-~bed real eatate.
B--Prem~umi on Gre and w~ndsso-~n ~nw~uce as he:e~n .eq~;red ro bc c:ru vn the ~mp.avements s~wate on the above described premisea.
C-Premwms on such morr7age gw•anfy ~r.sura•,ce as mo•rgagee shaii from r me ro rime deem fit to cany on the loan secured Fxreby.
Mortgagee shalt !rom t~me ro t;~ne ~or~fy mortgagor in vvritir.g o( tht amou~t due and payable hercunde~ and fuch sum shall therevpon be due and
i payabte on the due datc of ihe next momh;y payment and each successive month tixreaiter uatil mortgsgee sAafl notify mortgagw of a cha~e in such
a••:ovnt. Such sums sh.a[I 6e apj,yed by mor:gayre to~vard the paymcnt of reai property ta~es, insurance p~em:ums, a~id mwtgage g~aranty iniurance
p~em~ums.
f IN YIITNESS WHEREOF, the aa~d MORiGAGOR has h~reunto set his hand and seal the day ~n~-~rNr fir ~fwesa' :
E S~gned. Sealed and delivered in the presence o(: v ~ ~ ~
- - FuEa ~?NO wECOau~n ~~tnL ~ - ' ~ ,
~ c = <<, / E1.lUC1£ COUNTY FIA. ~ F ank DeThoma
~ + - ROCER P41 ~ RA5 - . 'n
, CIERK CIRCUIT CCUR ~ ~ ~5~,q
E _ REG^4DYER~fIED.~._.- Lena DeThomas ~~,q
~ STATE OF FIORtDA ~~,t~ 9 113 NH ~~T
! ~ ~ •T'
~ COUNTY OF SL _ LAIC1 e ~ ~~~+W~S
~ eero.e R:e pe.wnat~y appeared Frank DeThomas a~
` I.ena DeTherna s
t his wife, to me wt1 ~npvK~ b me 1o b~
~ rhe individwls described in and who erecuted the fwegany instrumsnt, and ecknowledged be(ore me that they ex~ed tIM s~~ (or'SM purposes
i Lena DeThomas r r-
~ Iherein e:pressed. And the sa;d__
° «~re of the .,ia 'Frank UeThotOas = c vpa?, sep..ej9:a~d p.iv,t•
exam~nation by me taken separate and apert (rom her sa~d husband, ~tkrowledged to and befo?e me that ~he ewet~rt+d said imtrument fr~tly }nd voluo-
~ rarJy ~nd w~thout •ny compulsion, tonstraint, spprehens~on, a fear of or from her said husband. • ~ " ; ~ .
~ WITNESS my hand and offic~al s.al th~~-- ~L ~ f ~ d+y of , % ' ~ ~ - )9 Y
r ' ~ ~ ` ~
; , _ , / ~.y, r...... ~ ~ ~
.
; ` , ~ . ; .
: Notary Public in end iw t~ie fi}~~Qf Flpr.idl'it lar9e
` My Commnsion expires:
E
Re!urn To:
` firft Feder~l Savingf 3 loan Asiotiat~on ~ s' ~td:' ~ ~ 1
Oi Fort V~erce. i ~ `~••3
~ • ,
FO~/ P~erte. Florida c:. 1 i~ •
.a. :~r
~ 1 y~d
i This Instrument Prepared By Cazol 8, F3urns
~ First Federal Savings b Loan Association
E of Fort Pierce , R lor ida
t
! Checked By r~~-. ~
~ 1 ~ . '"r ~ F!6E
s
~
z .