HomeMy WebLinkAbout0088 3. To ptace a~d co~tinuovsly keep on ths build~ngs rww w Mreafta utuat~ on said land ~~d on ~II equipment ~nd pawn~lly cownd by this mar?Q~
ay~, wilh all prtmiwn~ thereon pa~d in iull, fire insurance i~ tM usual standa~d policy fwtn, in • ~wn +pp~ovtd by tM MOR~GAGEE, ~nd winthtonn
insv~~nce M tht uiual ~t~ndard poi~cy iam, in a aum +pp~ov~d by tM MORTGAGEE. in wch company a canp~n~es u ~h~ MORTGAGEE may
dindi and all fG~ and w~~~wm insuranu po{iciea on any of iaid build~nps. ~ny intN~~~ tM~ein a p+~t tFKreof. in tl» ap9reya~~ w~n afa~faid w . z
in ~xttss the~eof, shall cont~in the vsual itandard mor~9a9e~ tlause w iuch oths~ clavw as ti+~ Mo.tysge~ may rsqulr~. maki~+g ~M lou undM sa~d po14 i
ciss, each and ~very. paYabl~ to said MORTGAGEE ss its interest may appea~, and ~ach and ~very ~vch policy shall b~ promp~ly ~u.ymd ~nd deliwred to ~
any Mld by said AhORiGAGEE as turthe? security to said mor~page debl, and, not I~u tMn t~n (10) dsys in sdvance of the •xpir~tion of e+ch policy, ro dr
liv~r to s~id MORTGAGEE • nn~wal thsr~aF, topt~her with a rec~ipt fq IM pr~mium ot such ran~walj and there ~~all bs ra fir~ or windstam inw~anc~
plsc~d on ~mr of said buildinp~, sny inraes~ therein or p+rl tF?Kwf, unleu in tM form ~nd wiih iM lou pay+bi~ as ata~said; ~nd in tM ev~nt ~ny sum
of mon~y becwnes psyabls unde~ such poticy a polKies said MORTGAGEE shall Mv~ tM option to racsive and apply the s+me o~ +ccoun~ of tM indebted~
nest s~cured hereby a ro permit s~id MORTGAGORS ro receive snd us~ it p any part tl?creof Ip olhc~ purposet, wi~hout 1As~eb/ waivi~ig w~mpair-
infl any eqv~ry. lien w right under or by virtue of this mortp~ge; ~nd in tlk ~wn~ said MORTCaAGORS sh+ll fa ~ny rwsa~ fail to keep tl» a+k! prN+nisei so
insured, w fail lo deliva promptly a~y of tsid policies of i~sur~nce to said MORTGACsEE, w fail promptly to pay fully a~y premium ~herefor or in any ^
respatt fail 1o pe?fpm, discharge, executs, ~ffacl, complets, comply with a~d ~bid~ by tha covenam, a any part Mrwf, taid MORTGAGEE may pl~p ~~d •
pav for such inwranc~ or u+y part thtraof without w~ivin8 w aifectinp any optan. litn. equity. ot righ~ undet or by virtw of rhis Mafype. and tM '
fu11 ~moum oi each and evi~y such paymem si~~ll be immed'utely dw ~nd p~y~bl~ and sMll bear ieterest irom the dat~ thaeoi un~il paid ~t fM ~~t~ of , ;
nina pK centum px ~nnum +nd toqether with such intc~es~ ~ha11 be secured by the lien of this mortpaye. '
I. To pKmit, commit or suffer no wut~, impairmeM w dettriwstion of s~id property or any part tMreof. ~
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5. To pay sll and sinpular ths cwn, chs?ges and expenses, includirg a?easonsble snwney's Eee and cost: of abstracta of tiHe, +ncurred w paid ~t ~
any time by said MORTGAGfE, becavse or in the event of the failurs o~ the parl of tM said MORTGAGOR ro duly, promptly ~nd futly perform, d~xharyR
execute, ef(eN, compkte, comply with and abide by each and every the stipulations, sgreements, conditioni, and covenants of s~id promissory note ud thif
mortgap~ any or ~ither. and said costs, cMrges and expenses. e+ch snd every, shall be immediatety dw and payable: whether p not ~here be notice da
mand, attcmpt to colkct a wit pcnd~ngj ~nd the full arraum of each ud eve?y svch payment sMll bea~ interest from the dats thereof until p~id at tM '
rate oi nine pe~ centum per an~ium; and all said costs, charges and expenses incvrred a paid, together w~th suth interest, thall be setured by the liea of thii
mwtg~ye.
6. Tlwt (a) in Ihe er~rM of eny breach of this Mo.tgage w defauh on tM part of the MORTGAGOR, w(b) t~ the eveM any of said sw~s of money ;
herein referr~d to be not promptly and fvlly paid wi~hin thirty (30) days nexl aftsr the same teveratly becwne d~e and payable, without dema~d a notiu, •
or (c) in the event exh and every the stipulations, agreemeros, cond~tions a~d covenants of sa~d promiswry nots and ~h~~ mwtya~e any a eitAer ue nol
iuly, promptly and fully performed, d~xharged, executed, elteded, completed, complied wifh and abided Sy, the~ in eithet w any such event th~ taid ag
gregata wm mentaned in said promissory ~ote then rtmaining ~npaid, with ime~est accrved, and atl moneyi secured hereby, shatl become dut ae~d p~y~
abie fwthwith, w thereafte~, at fhe option of said MORiGAGEE, as fulty a~d completely as if all of the said wms of money were oriyin~lly st~pulated
to be paid o~ such day, anythin~ in ssid promissory note w in this Mwtgage to the co+~trary notwi~hstanding; and thereupon or thereaher at tM option of
said MORTGAGEE, without notice w demand, suit st law or in equity, the«fwe or thereafter begun, may be prosecuted as if ~11 moneys secvred hereby
had matured pnw to iri institution.
7. TMt in the evmt that ~t the begiru~ing of or af any time pendng any suit upon this Mortgage, or to fweclose it, w to mfwm it, w to enforq
' payment of ~ny claims he?eunder, s~id MORTGAGEE sMll apply to the Court having juriad~ction thereot tor the appointmeM of a Recciver, such Court shall
forrhwith eppoiot a receiver of ssid mortgaged propeny all and singular, includ~ng all and s~ngular the income, pro(in, iuues snd revenues from whatever
wurce derived, eacF? and every of whicl~, it being expressly understood, is hereby mortgaged as if speci(ically ~et fwth and dewibad in tht p~antiny and
habendum clauses hereof, and such Receiver shall have all the broad and effective furx~~ons and powen in anywise entrusted by ~ Cou„ to a Receivtr, and
such sppointment shall bc made by such Court as an admitted equity and a matter of absolute ri9ht to said MORTGAGEE, and without reference to the
edequaty d inadeqwcy of the value of the prope?ty mwlgaged w to the solvency or insolvency o( said MORiGAGOR p the defendanri, and that suth
renu, profin, income, iuues and revenues shall be applied by such Receiver acco~ding to the tien w equity of said MORTGAGEE and the pactice of such
CouA. ,
8. To d~ly, promptly and fully perform, dxharge, execute, effect, comptete, comply with snd ab'~de by esch and every the stipulations, sgreemenri,
conditions and covenants in said promissory note and this mwtgage set forth.
9. That in the event the ownership of the mortgaged premiscs, w any part thereof, becomes vested in s person othet than the MORTGAGOR, thb
MORTGAGEE, its successws a~d suig~s, may, without notice to the MORTGAOR, deal with such succpsor or successw in interest with relere~?ce to thia
mortgsge and the debt hereby sec~red 'm the s+~me manner a~ with Morlgegw without in ~~y way vitiating w d~uharging the Mortgsgors liability hera
under w upon the debt hereby secured. No wk of the Fremises hereby mortgaged +nd no forbesrance on tht part of the MORTGAGEE or iri successon
or e:sgns and no extens~on o1 the time fa the payment of the debt hereby secu~cd given by the MORTGAGEE or its successoa or suigro, shall operate
to roleax, discharge, ~nalify thange o~ affect the o?ginal liability of ihe MORTG/1GOR he~ein, either in whole w in p~rt.
10- It is ipec~ficalty agreed that time is of ths esxoce of this cartract and that no waiver of a~ry obligation hereunder or of the obligaYan sr
wred hereby shall at a~y tim~ therea(ter be-hc:d to be a waiver of the te~rtu hereof a of the instrument secvred herby.
11. In add~tion to the forego:r+g monthly payments of princ'pa1 and interest req~ired by the promissory rate secured hereby, mortgagar tovenants
and agrees to pay to mortgagee vvith each monthfy pay~ncnt an add~rional sum estimated by mortgagee to be eqval to 1 f 12 of the annual cost of the follow- ~
in~: ~
•
A-AII real property taxes levied w aueued. against the abo~ce described real estate.
B-Premiums on (ire and wi~dstorm insurance as Fxrein ~equ:red to be carrietJ o~ the improvements situate on the sbove described premises.
C-Premiums on such mortgage guaranty insurance as mortgagee shall from t~me to time deem fit to carry on fhe losn secured hereby.
'i Mortgagee shall from time to t;me norify mortgagor ~n writ~ng of the amount due and paysble hereunder and such sum ahatl thereupon be due and
~ Fayable on the due date of thc next ma~thty payment and each successive month thereaiter until mortgayee shall notify mortgagw of a change in such j
~ ar~,ount. Such sums shall be app!ied by mortgagee toward the paymeM of real proparty tsxcs, insurance prem:ums, and mortgage anty inwrance ±
i
i premiums_
E IN VlITNESS WHERE t said MORTGAGOR has hereunto xt his hand snd seal the day a esr first afwesa' _ `
and deli presence of:
~ a~es~ ~ o
` ~OCER P0ITAAS `
C! ~FK C ::CUI~ COUR+
~ - _ `
E v~ va e nne ri . `
STATE OF FLORIDA p~ I~ 36 ~N -
COUNTY OF $t . Ll1Cle ~ {~s~94
Before me personally appeared Idm@5 Roy~ Albritton ~nd
IVa Jeanne Albxitton his wife, to me well known and known to me to be
the individu~ts dtscribed in and who eaeMed the fotegarg inst~urt~ant, ~nd atkrwwledged befwe me that they executed the same for tF~e p~rrposes
~ iheroin expressed. And the said IVe1 Jeanne Albritton
w~fe of tF~e said .IaiBeS Rov Aibritton ~pon a separate ~~d priv~te ;
w exam~nstion by me taken separate and apart from her said husband, adcrawledged to a~d befwe me that she execused said irutrument freely and volun- "
rarity a~d w~thout any compulsan, constraint, ~pprehens+on, w fear of a from her said husband. {
WITNE55 my hand and official seal this ~9 day of A i1 A. D. 19 77 -
~ Notsry Publ"K in tFro State of flwida at larye
My Commiuion xpires: Ho~ry Pu':iic, SMro of Ftorida oT lo+ge
~ Return To: .
First Federsl $avings 3 Loan Association My Cotomi:s:m E}piru luly 22. 1977
Of Fort P~erce. 6onded by M»rican Firo 3 Cas~ralty Co. i
fort Pierce, Florida
L~ ,
~ . ' A
~ ~ .
~ This Instrument Prepared By J. Hal Roberts~ Jr. ~
First Federal Savings ~ Loan Association ~j• .
~ of Fort Pierce, Florida , ~ ~ .
z~_ ~.r:~~
b . ~ ~
Checked By ~ ` ~ . - _
0 R ~ . "
s~~267 ~ ~ ~ ~
~ . t.;~ t~,; ~
. ~ ~ i ~ , $h