HomeMy WebLinkAbout0880 3. To plec~ ~nd cominuously keep on fhs buiidi.,gs now w Fw.~a(e~r W~w~~ on uid i~nd ~nd on ~k eq~iprwro and p~rta+dly cova~d by this matp~
p~, wilh ~11 prem;ums ~hs.eon pa~d in (ull, (~re inwr•nc~ in fl» uwd sr~ndard po1;cY fwm. in • sum app~o.~d by tM MORtGAGEE. •~d wu+d~tam
~nwr~~ ~n ~M wwl u~ow~d poi~cy ~urm. M• w~n ~~v.n1 u~ ~iw ~,wiG:.~aii. w~ ~wi. •...~.y«.~ w w...~,....:cs .:i :!'.e S'.^..°.TCACi:~ ^.ry
di.~cU and ~II f'n• ~nd wlndaorm 1niw~r+t~ polKi~i on ~nY o1 ~e~d bwid~nqs. ~ny imsresl IM~cin os pu~ IMreof, in tM apyre9a~~ wm ~lor~s+id w
i~ ~icNS ~her~of. ~MII com•in ~M usval ~~andud ma~9~ge~ d~uw o~ such o~hee c~•us. ~M Mo~ry.ye. may roQwr~. m~?irq ~M lou under sa~d pofF r
c~a. ~ach ~nd evNY. p~yabt~ ~p s~id MORTGAGEE af its intart~~ m~y ipp~a~, and each ~nd ~vc~y t~ch poi~cy ~h~ll bs prompNy ~~~.yn~d ~~d d~tiv~nd ~o
•ny hald by s~id MORIGAGEE w fu?thar secwity ~o ~~id matpa9~ deW. •nd. na I~u tMn ~~n 1101 d~rs ln adv;~ce oi ~he ~xp~i~tion ol e~ch policy. to dr
Irv~r to w~d MORiGAGFE • re~ewal Ihereol, r~pethe~ w~th • rece~pl br the p~em:um ot sucA ~enewal; u~d ~hero ~hall i» ~o fue or wind~+orm inwr~nc~
pl~c~d on any ot sa~d bui!d~nfls. ~ny imere~t theran a p+~t ~he~eof, un!ess in th~ torm and with ~M Ip» ~y~tJlf ~1 •~O/f1i~: and in tM •wnt any swn
o~ rraMy beca~s~ payable under su<h p~ficy w pol~c~es ssid MORTGAGEf shall Aav th~ op~ron to rece~ve and app!y tAe same m+ccounl ot the ind~bted~ +
neii ~ecur~d hereby or Io p~rmit aaid MORiGAGC~itS to reteive •nd use i1 or any par~ thrreo~ for o:ncr ~.Jf~01r1, YnfFM,J~ th_•.o~ wa~v~ng o~ unp~ir•
inq any pu~ty, tieo a rigAr unde~ o~ by vir~w o( fhii morryaqer ~~d in ths evem sa~d MORTGAC,ORS sha11 (w ~ny ~~~fon fail to ke~p tM wid p~ernish ~o '
insured, w t~il to dtliva promptly •ny ot said po~K~rs ol insuruu~ to s~~d MORIGAGEE, or faJ p~ompNy to pay futty ~ny pre~m~m 1M~etw o~ in a~y
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r~ipec~ fail to pafo~m, d~scharge, aaec~~t, eftect, co~~plete, comply wi?h and ?bule by this covenant, a~ny part hereof, 3~+d MORTGAGEE may pi~t~ •~d
pay tw ~uch i~surancs o~ any part ~hereo( wiihout waivinq a~ffeuin~ ~ny op~ion. lien. eqv~ty. w r~ht under w by vi~tw of th~s Matpp~. ~.~d tht
~..el ...~n..~1 ni ...~1. t.~.l ~vf.v ~...1, ~.~y...~~~ sM~l }.r :...r~d:w~~lv t1~w. a.+tl tiyahl~ ancl aM~ll lrar :ntet~at ~rom 1~N t~t~ thetfOF Y~lil piii~ ~t tFN ~iA OI ~ L J+ti
n~ne per cemum pe~ annu~~ +nd togrehrr w~~h ~uch infer~s~ shalV !,e ucured by th~ lien o( th~~ ma~yaya ~
1. To pe~mil, commil a~u~fer no wast~, imp~irment p detenoration o1 sa~d prop~rty or any p+r1 the~eo(.
p~, s': :3 i ,:tar •!:r .o. _~a es a-~ _n, ..c'_..~; _ ,bl• ••~o••••~•~ i«. ....1 ro.rs e( .Mvxts of t~N~. incur.ed or wid at ~
any time by ss:d MORfGAGfE, because or~in the ~vent ofvthe laliure on the•part'o! ~h~ said MORIGAGOR to duly, prompNy and fvlly p~rforM, d~uMrq~.
eaecute. sffect, compler~. cornply w~th and ab;de by exh ~nd every the »ipula~rom. ayreemenn. cond~twro. and oownanrs of uid promiuory note and thi~
mwtpape a~y w euher, and ~a,d costs, chargef and expenus. c~ch and every. fhall be immedlately dve and payeble: whe~hcr a~ not ther~ be notice dt
mand, •nempt fo co!Iecf w su~t pend~ny; and the full amoum of each snd every auch paymem aMll bea. inte~est irom ~he dat~ thereof until paid at the ~
r.,ie oi ~ine pe~ cenr„~n yer on~~um; arx! ~II said cu~n, charaes a»d e~penses ~nc~rred or paid, loge~her w~th such interest, shall be secu~eti by the litn of thi~
i
mortpaye. t
b. Tha? (a) i~ ~Ae evene of ~oy Me~ch of this Mwtgsge w defaulr on tM part of the MORTGAGOR, or (b) in tM QVM1 My of sstd wms of mwwy
~
herein refened ro~be oot promptly and tully p~~d wi~F.in ~h~rty ~30J days nex+ a~ter the se~~e se~era:ty become due and paysb~e, w~~hout demand w notice,
or (c) in the event each and every ~he sripulatlons, a3reements, cond~~~ona and covenants of sa d promiswry note and th~s mortpege any p eithet ~te not
iuly, prompdy and fu11y perfo~mcd, d~scha~qed, e~cecuted. effected, canpteeed, compl+ed w~+h and +bided 9y, ehen io e~~her a aey sv4h event the ta~d p~
gregat~ sum me~rioned in said n~anisswy note then remaining u~paid. with intere~t acuued, and ail mcney setured hereby. sFull Decome dw and p+y-
eb~e fathwith, o~ thercal~cr, st the opnon o( sa+d MORiGAGEE, a~ futly and complerely as ~1 aSl of the said sums oi money were aginally snpvlated
ro be ~d on such da an ~hi ]n sa:d ro~n~fso+ note w in this Mort a e to ~he connar notivithstandu and ?herev w the~eaite~ st the o?IO~ of `
Da Y. Y ~'9 P Y fl 9 Y ~9: P~ P
sa+d ~S:?RIGACfE. ~::h.;,,,~ s rar.;a or cfemand. s~:t st ~aw cr in a.~u:t~. t!?zr~:ora ar ttkrea:tEr bFg~n, ma~ be prcu:utcd as if a!! mantis setured hete5y
had matured pr~or lo +ts inst:tution. - ~
7. Tha? in rhe event rha~ at tke beginn:ng of or ~f any time pand~ng eny suit upon this Mortgage, d ro foreclos~ it, a to r~fam it, w to enfwce
payment of a~y cleims here~nder, said MOR~GAGEE shatt apply ta the Cou.t Faving jurisd~dion thereol for ~he appoinlmeot ol a Receive~, ~uch Court shall
forthwith sppo~M ~ rece~~er oI ssid morrgaged property sll and s~ngular, includ:.,g at1 and sin9ular the incoms, p:ofds, iuuss ~Rd reveaues from whatever
wurce de~ired, etch arv! every of wh~ch, it be~ng expreasly ~nders~ood, is F~ereby mwtyaged as if spet~(itally set (ath and deKribed in Ihe 9renting ~nd
haEendum dauses hereof, and such Recriver shall have aIl the broad a~ effec•~ve Fu~ct,o.~s a~d pa+vers in anywif! eMn?sted b~~a Courl to a Receiver, and
s~.h appointmem sha11 ~ msde by such Court a~ an edmirtrd equity and a m.aner oi absot~te right to said MORTGAGEE, ~nd witlxwt roferente to th~
adequacy or inadeqvacy oS tF.e va:ue of the property moi~gaycd or to the so.vency a~nsoivrncy of said MORiGAGOR w the defe~dants, and that such
rents, proh?s, income, issves •nd reven~es shail be appl~ed by such Receiver accord~ng to ttr_ lien w equity ot sa~d MORTGAGEE snd Ihe pr~ctice of such
Court.
8. To duly, prom;.tly and fully perfwm, d~scharge, e,~ecute, effeu, complete, comply w~th and abide by each aod every the stipu~atio~s, agreemenfs,
E cond~tions and covrnantt in aa~d promisswy nore and th[s mortgage sN forih.
; 9. That in ~he event ~he owr,c•~h~p of ~he mo~tyaged premise~, o~ any part thereof, becomes vefted in a person othe? than the MORTGAGOR, the
f M.ORTGAGFE, irs s~ccesson ~nd assigm, may, witFaut notice to tl+e J440RiGAOR, deel wifh such succeswr or successor in interest w~~h re}erence to this
~ mo•egage and the drbt htredy sec~red in the smne ma~ner as with Mortgsga without in sny way viti~tioy or d~scharging tF~e Mortgagors' liability here-
undCr or upo~ The tlebl he!eby secured. No sate ot the prem:ses hereby mortgaged snd no twbearante on the part ot Ihs N10RiGACstE w its succetaors
o~ ass~g~s and no exiens~on o1 Me time for the payment of tr+e debr hereby secured g~ven by the MORTGAGfE or ~ts succesias or ~:s;gns, shall operaq
ro ~efease, d~uhar9e, modify change o~ atfect the or~g,nal I~ab~;;ty of ~he MORTGAGOR here~n, either in whole a in part.
~i 10. It is spec~fica~ly agreed that time is ot the essence of th~s controct and tAat no waiver of any obl~gat~on he~eunder w of the oblip+tion se-
i tured he~eby sheil st en~ hme ~hc~eafter be he;d to be s v~arver of th. terms hereof or,0i the ioatrvmem setured herby.
~ 11. In add~t~oa ro ~he forego~ng manih!y paymeMS o( princ~pal and ~ntrreit requ~red by tix prom.~sscry note'setvred hereby, mortgagor eovenant!
and sgrKS ~u pay fo ~nongagee ~ti+~h each n,on~h'y pa;,,~ent an add,nonal ium es!••na~ed by .no~tgagee to be equai to i 12 of the annual cost of the follow-
j y '
~ A-All real proFerty tiars !e.+ed w as:ess_d agai•~u th~ above descr~~cd real esr~te. ~
~ B-Prertvur.~s o0 1;re a~d w~ndstorm ~nsurarcc as hern~n req~~red to be ta~rled on the ;r;:rovcme~ts s~tuaj! on the above ~fstribtd prernises~ -
! ~-Prem~un~s on s~ch morrgage gua•anty Icw~a,.;e aa mor~gagee shall fra~r r R~e to t~mc deem fit to,larry on tfie ban~
ewred he~eb~.
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~ Mwtgagee sh;9 .'ro,~ rtme io ~~ax neni~ mer~gego~ ~R 'N~RIR9 ef tne a~ccnt d:,e and payab~e he~tunder and a~ch syri~ shall thereu n be due and
~ ayable on the due a3r. of ~fir rext manth:r pay~rent and• each wccess~ve monrh ihrreafr~+ ur.fi! mcrtgagee sball not:{y inortga r of ,d ehang* in such
~ a~~ oun?. S~.ch svms sha:i be apyi~eJ ty morrgog.e tor.a*d th.e peyment of reai prope~ty ta:e~, insucance {xrm:ums, an/1 mw e~guarantr insuranc
~remiums. ~ ' ~
I ~ ~ ~
; IN 1'IITPJE55 WHEREOf, the sa~d N.ORTGAG~R has hrreunto set his hand and seal the day .snd y'r first a(ore id. 1
E S~yned. Se~led and delivercd ir, the presence of: j~ ~ ~
~ -yvfiy .
- FtLEO tND RECOROED ap
ST.tUC1E_~QU1fTY flR ncis ~i. ~fcAninley ~n
. AOCER POITRAS
I .
f - ---T ' - ~ ..-r~--- CtERK CtRCU1T COUR ~ q .
j r'~~ ; , ~ ~ - RFCORO YER1f1E0 'C . ~~--s
~ . .
/ u ia . +tc in ey
f SiATE OF fLORIDA ~ `t " 3~ p~j~7
~ COUNTY OF SL _ Ll]Cj.e_ ~
f Before me personal~y appeared Franc i s G. HcAn i n le y :
E Ju 1 i a R. [+ic1~n inley h~s W~t~, fo ~.srr~•t
~"oMn;':nd ~v,~ so ms ~o b.
~ the individwls descr;bed in and who executcd the foregoiny instrument, and acknowledged before me that t6eyilgecy{e~ f~~anA ig'7he purpose~
~ - . ~ ; f `
4 ~?x.~~~ QxP.KSed. a~d rr,e tsid Jll I la R. MeAn i nle v _ ` J
Y ~
~ w~fw nf 1Fu Franci s G. ~SC~11211e V _ unon a f~iMs-~nd oriwt~
~ e,camination by me taken separate and apart (rem her said hvsband, ecknowledged to and befwe me that she Cz~{uif~~iQ instrurt~eM ~reel~ snd volu~-
( rarlly a~d w~thout any compulf~ore, constraint, appr ns~~ or (ear of w from her iaid husband. ~ ' C~.~~~ . ~
; WITNE55 my hand and official sea! this__~~!
,L_- day of ~ ' ~ "~1 A` O. 19~Z
i / ' ` ~r''~ • ~ -ti
~-~-~-~~r~i-r / - ~~-'SJ". t ~y1r4~__.
~
Notary Public in and (or the State~of florida at larpe
~..^-wr.s;::..z ax;.::u:
' Return io:
First Federal Saving~ a Loan Asso.~at~on YJ__.
pI fort P crce "`^~'1 P~• St~t! O~ ~j~
~O/R14istiOfl ~lg!f21 QFt. ji, 1~i11~
Fort P;e+ce, Flonda ~r r~s~,.sa ~i~ s w~r~ ~~y~
Y r
This Instrument Prepared By Robert E. Poi:~~jexter ~R~`~
' First Federa! Savings & Loan Association ~ GpR
~ of Fort Pierce, Florida ~ ~RA b~ ~~p;:::~ 3
C~ e ,
P• ' R~pA
Checked BY FIR3T FEDERAL I~f
9svings ~ Loan Av~ociatl~ ~ G, 2~ •D ~g~ ~..G~
~ oi 1'i
att Piet c
o. FL. Zo, F D
ft~ pt~
E' : t PAGE 8~ ° ~ ~ '
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