HomeMy WebLinkAbout1513 3. Yo placa and cuntinuously keep o~ the bui!dings no.v or hereaNer ~ituate on S~~d Iand and on a11 eryuipmant and personally covrred by lhis mo*Ip-
ege, wilh a~) pren~ivms lheraon p~~d in lull, (ire insuranca in Ihe usu3i sta~~ard po~~.y form, in a sum approv~J Uy Ihe MOR~GaGEE, and ~vii~dstorm -
insuronta i~ thu usual siandard ~i:cy (orm, in a:um a~•proved by ~ha h10R1GAGEc, in such company or companies as iha htORTGAGEE may
direc~; ar,d aU fire and .vindstorm insurance polic~es on any oi s~id build~ngs, any interesl Iherein or par! thrreof, in Ihe aggregate sum afaesaid or
In exeess ther~wf, sha~l coniain the usaat s!andard mortg.i9ee dai~sa or such othar tlausa es the Alortgj~eo may requira, maAing Ihe loss und~r ss~d poli- _ '
Cies, each and tvery, F>3yJV~f ~o sald A1021GF~GEE as i~s inlcrast may appcar, and each and 0ve~y such p~ficy shatl ue promptly ass gneJ and delivercd ~o ~
any held Uy said h10RTGAGEE us (ur~hcr security to sa~J mortgaga drbt, a~id, nat Iess than ten (10) d~ys in advance oi Ihe expiration o} each policy, to de• ~
liver to said t,AORTGAGE€ a rene~ti•al lherraf, togeiher with a recelE~1 for the pram~um of such renen~al; and thare shall Ue no fire o~ ~vinds~o~m insuranca . ,
placed on any of sa~d bvildinge, any interest thereln or paci thcreof, un:es~ in the form and w~th ihe Ioss payab!e as aioresaid; a~d in tha event any sum . ~
of mu~ey becomes payable undar svch policy or policies said tAORiGAGEE shall have ihe eption to receive and aoply tha same on eaount o( lha indebt~d• r'
~ess se~ured hereby ^,r ro perm~t sa+d htC?RTGhGORS to receivz and use it or rny e~,t ti~e~.ol fcr ~:hcr ~:urposes, wi~hovt th.~rai~~• tivai~ln~ c~ ~mp,~ir• ~
ing any eq~~1y, lie~~ or right under or by virlua of this mo:tgac~e; and in the evenl said A10R1GACrORS shall (or any reason fail to keep ~}~e said premisrs so =`~4
insured, or fail fo d.livzr promptly any of said polities o( insurance to sa~d A~ORTGAGEE, or fail prompdy to pay iully any premium Ihcrelor or' in any 1=> _ ;
respetl Fail to parfam, d~:ch.;rge, ezecute, e(fed; completc, comply wi~h and abide by ~h~s covenar.t, or a~y p~rt hareof, said MORiGAGEE may place a~~d ~
pay (or such insurance or any part th~reof without waivi~g o~ a(fec!ir.g any option, iien, equity, or ri~M unda~ or by viitue of thls Mor~gage, and the ~
(ull amount c( each and every such p3ymerl ehatl be im~nediately J~e ar.d payable arcl ,hall bar.r interest (rorn the date thereof until p~id at il~e r3fe ol !
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~ine per t:ntum per annum an:i fo~etl:cr v.i!h svch inte~eet sl~all !ie secured by the 11e~i of Ihis rnortgage. ;
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d, To permil, cor~mit or sulfer no wastc, irnpairmCnt ot deterioration oi said propcrty or any paii theieof._ " ;
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5. To pay all and sing~lar the costs, charges and expenses, inclu3ing a reaaonable at?orney's fee and ctsts of abslracts of title, incurred or paid at ~
- any tin:e by said htOQ1GAGEE, bccause or in tVje everit of the fa~iure on the patt o( the s~id h10RfGAGCR to dul~, pro~+pily and (ully prr(orm, discharge, -
execute, ef(ec1, comp!ete, to~T~ply ~v~th and ab:de by each and e~ery the sti~u}at~ons, agree~nents, conditions, and covenan~s oi said promissory ~ote and this ~
mortgage any or eilher, ar.d sa:d tosts, charges and expersrs, each and overy, ;hall ba immediateiy.due and payab~e; whelher or no1 there be noticc ds
mand, atte~npt to colfc-~d or sui~ per,d~ng; and tha full amount of c~ch and eve~y sucn paymeni snall bear inierest irom the date thereof ~n1il paid at the
raie oi n~ne per c~~nwm ~,er am~uar, ar~c'. :;ii saiJ cos:s, cha:yes a:id ei~mnses inturreel or paitl, together ivith such interest, ahaU be sec~red 6y the hen of thif
- . mortgnge. _ _ : _ . _
6. That (a) in the event of any 6reach o( this Gtortgage or defautt on ti~e part of the htpRTGAGOR, or (b) in :he event a~y of said s~lms of money
herein rEferred to be r,ot promprly and iully paid wiThin th~rty (30) da'~s next after me sa~ne severa!ly becane due and payabte, wi~hout demar.d or notice, . ~
o~ (c} in thr e•:ent ~each and every tha stipulations, agreements, cor.ditions and coveoants of sa:d promissory note and this mortc~age any or eith~r are nol
~uly, prompHy ~r,~ lully pe:r~O~me:l, d:ach?~ged, eaccut.:d.-e~f ded, com}~Ieted, cenzp!:ed v+ith anci a6~ded hy, then in'either or any such e~ent the said ag- ~
gregata sum menlioned in said promissory note then temaining unpa~d, v~ith interest scc~vecl, and al~ mpneys secured hereby, shatl become dve and pay ~
able iorthwith, or thr+ealtcr, at the optien of s~Id P.10RTGAGEE, as fu!ly ancl camplc!ely as i1 all oF tl~e said s~ms oi money were o~iginally slip~lated ~
to be p~~'d on svch day, anything i~~ s3 d pr0•nis5ury nOtc or in this /.longa9a to thc contrary notwithstanding; and there~pon or thereatter at the option of
said h50RTGAGEE, w~tFout no~ita or demand, su~! at law or in equity, therefore or therea(ter begun, may be presecuted as if ai{ moneys secured hereby ~ ~
had mat~red priot lo ~ts institvtion. ~ _ ~
, 7. That in Ihe evenY that at the teginning of or at any time pending any su~t upon this 1~4ortgagc, or to foredose it, or to reform it, or to enforce
paymcr,~ oi any da~rns herewtid~r, said AtORTGAG_~ sha:; af~~ly :o ;Fe fourt h~y::'~g i;,rssJ.::tc~e thrrro! fer th~ agpo~nt~r.en1 of a Receivcr, such Court shall
iorthwith appe~nt a re;eiver of s3id mcrtg~3rd propcrty atl and singv!ar, includ.n9 01! zr,d singular the ir.cOme, profits, issues and revenues from whatever '
- sourcc deriv<d, eacii u~d every of ~vh:ch, i~ b~=i~;g erprc-ss~; urtders~ocd, is h:e:roy murrlagc•d as ~f specificaily set ferth and drscrib:d in ihe granting and
_ habendum ciauses hcreof, aed such Rec^+.•er shaU Lave all the broad and effective fvnct,or.s artd powers in anyv~ise entrusted by a. Cour1 to a Receive~, and _
scth appoinfinenl ahall be made by such Court as an admitted equity and a n;att~r of eLso~ute r~ght fo said MORTGACEE, and witho~t referente ta th~ ~
adequacy or inadeGuacy of the v3!va of 1he property er,crtgaged or !a ih> so;+•enc> or i~salvency of srid ~dORTGAGCR or lhe da(endanis, and that such >
renrs, protits, income, issues and revenues' sha~i 6_ appl~ed 6y duch Recriver accoro; ±n to the lien-or equity of said /~50RTGAGEE and the pradite of. suth ~
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- 8. To ~uly, prompt;y and (u:~y perfo~m, ~~s:harg~, er.ecute, effect, temalct~~, cem;,l~ with and abide by each and every the stipulations, agreements, - - i
to~dit~ons and cuvenans: in sa~~ prom~ssory note ~:~d ~nis ~nw~gag> srt forth.
9. TF.at in tF.c ~v~nt the o•.vr,e~sh~r~ ol t}~c ncrtgaged ~rcn:ises, or any part thereef, becon,es .vested in a person otFer than the MORTGAGOR, the ~
h',ORTGAGEE, i+s succe~so•s and azs:~ns, rrzap, .v:+ho~~ nof~ce ro rhr t'~04TGAp~, deal ;vith such successor or successor in interest w;~h refereoce to this ~
. mortgage and ti:e d:L-t V:treby s_curcd in the same me::nei as wiih 1.1o~!g~gor w~thout in a~y way vit[ating or d~scharging the /Jlortgagors' ~iability here- }
unc'er or ~pon the d_bt heceby se:ured. PJo sa:~ of tf.e pren;ises 1,rreby n;ertyaged a~d na fo:cearante o~ the part oi the ~:tORiGAGEE or i!s successors ~
_ or ass~~~s and no exrer.ston of fhe rme ior thc payrnent of ine dcb~ h•~reby secureJ _given by the 1~10RTGAGEE or ;ts successors oz assigns, ~~iall operate - i
- to release, d:scharge, mc:l~fy _t~arge or atfeci tice orig~nai liau:lify of tiie h10RTGAGOR herein, either in whofe or in part. t
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10. It is s;:ec~fka'i~ a~reed thar Gme is ef tl~e esse.~ce of ~his contract and that no_waiver of any obtigatrore hereunder or of the obligation se~
_ tured hareby shalt at any time therea~ter ~e held to be a•;~aiver of the !erms hereoi or of the instrument secured herby. _ ~
- In ao~~tlo~ to the For~;o'ng n~onti:!y pa~m~n:s of prine pa~ ar.d i~~t~res~ rrqu~:ed by tne prom'ssory r.ote secu!ed hereby, morigagor eovenanfs ' i
ar.d aarees so oa~ t~ n~ortg_ge~- :•,ivh each mv^n~n!~ payr..e~;f an 2l~CI.!:C:t31 suai GI!:^312d hy n:urtgagee to ba eGual to 1;/12 ef the annual cost of the fotlow-
in~: - . . - , ~ . ~ . ~
A-ASE re~! preperty tar.es !evied c+ d5SB55_:i a^yair,st tF:c aeo.•e descri::.d r~al estab_. ~
B-P:~~~-;u+ru cn f~+;: ard w:nduor:n:Er:suruce a; h-~re:n rcqu~red 1o bc• carr~eJ en th~ ir::proveme~ts situaie on ~he above described premises. ~
- C-Prem~vrns on sxh m,rt_~oe.guarany ir.svrar.ce as mo~tgag^e shatl fro^ l:rr.F ro time decm t:: io tarty on Ihe loan secured here6y. - f
~!ortaagee sha6t fn:m ~1~r~e to :~;-.e no';'.~ n~:ertgag~r in writing of th< amo~nt d.? and payauie hercundar and such sum shail the.=eupon be due and ~
payab!e o? th~ d:;e da+e ~f !ha r.~<t mo .th:~ payme,.t and each succ-_ssive month fhereaft~r until mcrtgagee sha!I notifv mortgagor of a change in suth ~
ar„a~nt. 5:~ch sums sh~:i L•~ apF!icd k~y mertgz:_~~ towacd the payme~t of reat prepert~ taxes, insurar.ce p~em;ums, and mortgage guaranty insurance
premiums. - "
IN YJITt~E~S Y:HERcOF, th~ sa~d !t.ORiGrv~R.has nereu~to se: his hand and seal the day and year fint aforesaid. ~
Sign Sea!ed ar,d de!'1ered in 1he presence of: ~ Q/~ `''j ~1 i
~t/~-~C~ FitEt~ G'~!~ `:EC~O~DED ~.c-C.t;-~t.ssi / ~ ~ ~i~
- . Si.tUC~C ~:•>>liiYY flA- Seaq =
RJtt%; PD°TR••5 ~ 7. iam . e s _ ~
~rT „OURt ~ ~ (Seal)
f.~~_ ~ ~-G~--~ CLr ~K C~F ~E ^ ,y - (Seal) ;
- RF~C~;': ~ ~ _ - , pr , ~e s - :
(SeaQ ?
SiATE OF FL~R16A a~ 15 IQ 1 S A11'75 ~
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CQU~JTY GF St. I.l1Cle ~ VLI~'~j~~ ~`..t.''-I ry'ri: ~
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6efc~e m~ p_rscr.al:y ;.PP~'red ~11Zlaifl T~ S':2 = a~ t ~ ,
_ ~ • Y- g=`d ~
~~iril_~_ T'.~'11S _ _ h~s wife, to me ~velt knaj~i~ krto~ ~,?f'I~ rr~Cjto~Se'. ~
th> i~div~dua`.s descr;c~d in and ~rho exe.:;t~~ th_ forc-~oir, instrum~nt and a;know:edged befo:e ~re that they executed ~1tEF-5a fOr; itt°~p
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therein expressed. And the said--- - `'tvra ~'~@Zi5 - Q;::;: . ~ • (J)~ :
- ~ tti~ilZiam T. S~~ells i~ ~ • _ ,
viife of the said ~ a~S ~ pn~ rn{~e ~ ~
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exarrm~nar.on 6 me taFen se a.ate a~d a art from her said husband, acknowledaecl to and before m~ tha! sne exetuted aA" ; t~tYe~ ~i5, va~m `
Y P P ~~J~ t^ =c'! . - -
~arii y and without an y cem Futsior., constrair.t, a p prehen s: on, o r f e ar of or irar.; h er s aid h u s ban d. '(iJ~K~s( ~'•i,;~~;~.~~~/~
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v~ 11 -.2,~~~' S ' '
;~;ITt~ESS rr~y hand ar,d offic~al seal th~s ~ da~ o. ,a~
Ll - , ~ _ .
. !dotary Public in and for t ,State of F reda at lar e
' -My Commission expires: ~~~y~~~/ ~
Return To:
Fint federai Savings ~ loan Associstion _ - . - -
Of fort P:e:ce. . - -
Fort Pierce, ~tc:ida - '
This'Instrument Prepared 3y .J• Hdl Roberts~ Jr, ~ ~ _
First Federal Savings 8~ loan Association . _
- of Fort Pierce ~ Florida :-33450 - -
- Chetked By 800K~.e~e7 PAGE1t~~O - -
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