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HomeMy WebLinkAbout2146 3. To place end continveusly keep on Iha buildings now or hereetfer ~~fuate on sa~d lend and on ail eqi~tument and penonally c~~vered by this mortg- ~ge~ with all giemiwni Ihe~eon paid in (uil, firo :nsurance in tha usual ~tandard poli~y (orm, in a tum appraved by thc MORTGAGEE, and win~itorm insurance in ~he usua) ~tendard policy form, in r ovm approved by ~he MORTGAGEE, in such compeny or compani-s as ~he A~ORTGAGEE mry direcl; and aU fire and windstorm insurAnca pol~cie+ on any of sa~d lwild~ngs, any Inferos~ Iherein or pa~t thereof, in the aggregetz ium afotesaid or ~ ln excess ihereof, ~.hal; contain tha uwal slendard nwrtgagea clausD or such other ciausa as Iha hlort9~gee may requ~re, making ihe loss under sn~d puli• ' f, : cies, each artd every, ~ayabte to ~aid h10RTGAGEE as it~ interrst may appear, and each and every su:h po1~c; shatl Ne prompUy ais gned and da~ivered to a~y held by said AIORTGAGEE a~ (uriher eec~rity to ~aid mortgage cabt, and, ~o~ less ~han ten (10) deys in advance of tha expirefion o( each poi~cy, to de• . 1(ver to ~ald A10RTGAGEE a rentwal thereof, togethe~ with a receipf for the premium ot such rene~n~at; and ~here shall be ~o f~re or w~ndstorr.~ insurance placed on any o( said bu?Idings, any lnterest Ihe~ein or perl thereof, untess in ~he form and wi~i~ the toss payable as aforesaid; a~d in the eYent any sum ; of money brcomes pay~ble undrr ~uch policy or policies seid h10RTGAGEE shall hava the option to receive and apply the san:e on attount of the indabi•d- ness secured hareby or to permil eaid h10RTGAGORS to receive and use it or any pait thercof ior other pu~poees, vrirhou~ ~hr~eb~ vraivin~ or m,pair- € ing any equlty, I:en or right under or by virtue of this mo:tgage; and in the even? iaid MORTGAGORS sha~l for any reason fa~l to kecp the said prei~isas so , { infu?ed, or fall to de!iver promptly any of ssid policie~ of insurance to said MORTGAGEE, or fail promptly fo pay fully any premium therefor or in any ~ ro~pect (eil Io perform, distharge, execute, effect, complete, comply whh and abida by this covznan~, or any part hareof, said 1tAORTGAGEE may ptace and ~ pay for tuch tnwr.:nce or any part thereof witho~t ~vaiving ot aifachng any option, lien, eq~ity, or righf unde: or 6y virtue of this Mo~tgage, and tht _ full amount of each and every such payment shall be immediately dve and peyabl4 and shall brar interest irom tho date thereof until paid at the rate ol j nine per centum per annum and togelher ~vith.such interest shall be secured by ti~e lien oF th~s mortgaga. . . ~ - 4. To per•.nil, commit or suffrr no waste, hnpeirment or deterioration of said property or any part thercof. 5. To pey all rnd tingular the costs, charges and expen~es, induding a reasonable attorney's fee and costs of abstrads of fitle, intur~ed or paid at any ti~na by fnid MOR~GAGEE, because ot in Ihe event of .the fail~ra on the part of ihe said M02TGAGOR to duly, promptly and futly perform, d~scharge. execute, elfe<t, complete, comply with and ab;de by each end evary Ihe sfipulalions, agreements, tonditions, and covenants of said promissory nole and this ~ mortgage any or ei~her, and sa~d costs, charges and expenses, each and every, sha!I be immed~ately dua and payabte; whethe~ or not there ba no~Ice dr mand, attempt to cotlett or suit pendingj and th~ full amount of each and every such payment shal{ bear inleresl from Iha date thereof until pa~d a~ the rate of nine per centum p,r annum; and all said co~ts, cherges end expenses incurred or µaid, together w~lh such interesl, shall ha secured by Ihe fien o( thit - mortgaqe. ~ 6. Thal (a) in Ihe event of bny breach of thi~ Mortgage or deiault on tFw part of the MORTGAGOR, or (b) In the event any of. said sums of money ~ herein referred to be not promptly end fulty paid within thirty (30) daya nex~ after the snme severally become due and payabte, withoul demand or notice. ! or (c) tn the even~ each end every the stipulatio~s, ac~~eemenli, conditions and cove~ants of sa:d promissory note and -th~s mortgage any or either"~are not ~ ~uly, promptly and fully performrd, d~scharged, executed, e(fectrd, comp~eted, compl~ed v:ith ar.d abided yy, then in eiiher o~ any such event the said ag- ~ gregata sum msntio~ad in said promissary notc lF.en remaining unpaid, ~•:ith in!e~est att~ued; and aIl moneys secured hereby, thall beceme due and pay abla forthwith, or thereafter, at the option of said A10RTGAGEE, ai f~ily and completcly as i( all of the said sums of money were o~~ginally aNpulated fo be paid on such day, anything in said promissory note or in this Mortgage to the contrary notwEthstanding; and lhereupon or thereafter at the opt~on of i - said MORTGAGEE, without notice or demand, ~uit at law or in equity, therefore or Ihereafter begun, may be prosecuted as if all moneys sec~red hereby - _ had mntured piior to its institution. - _ . : F " 7. That in the evenf ff,at at the beginning of or at any time pending any s~~t vpon this h~ortgage, or lo foreclose it, or 1o reform it, or to e~force payment of any claims hareundet, said MORTGAGEE shail apply to the Covrt havir.g jurisd;aio~ thereof for the appointmenl of a Retoiver, such Courl xhall - ; forthwith appoint a receiver of said mortgaged propzrly all and singular, includ~ng aU and s~ngutar tF.e income, pro(its, issuet and revenues hom whatever i source derived, each and every of which, it being expressly understood, is hereby mortgaged as if spec~ffcally se1 forth and described in the granti~g and habendum clauses hereof, a~d such Receivar ihall have all the broad and efFecrive func~;or.s and powers in anywise entrvsted by a Court to a Receiver, and svch~appointmero shall be made by such Court as en admitted equity and a matter of abso~ute ~igh~ to seld MORTGAGEE, and without referente to the edequacy or inadequacy of tha val~e of the p~operry mortgaged or to the so:vency or insoivency of said h10RTGAGOR or the defendants, and Ihat svch t . rems, profits, Inceme, iss~es and revenues thall be applied by such Receiver accord~ng to the lier or equity ef said MORTGAGEE and the practica oF such ~ Court. " - . _ ~ . 8. To duty, promptly and fully perform, d~scharge, execute, e(fect, comptere, comply v:tth nnd abide 6y each and every the stipulations, agreementa, -conditions and covenants in said promissory note and thif morigage fet forth. _ 9. That in the event the ownersh;F of ihe mortgaged premise~, or any part thereaf, becomes vested in a person otFer than the MORTGAGOR, the h10RTGAGEE, it~ suctesso~f and assigns, may, ~vithout r.otice to tha ~iORTGAOR, dzai x•ith s~ch successor or sutcessor in interefl with reference to thii i mortgage and the debt hereby •ecured in the same manner as ~vith Mortgagor without in any ~vay vitiating or discharging ihe tdortgagors' liability hare- ; under or upon the debt hereby secured. tVo sale of fhe premises hereby rnortgaged ar,d na forbearance on the part of the R10RTGAGEE or its s~;cessors or assign~ and no eztension of the time for tha payment of the debt hereby secured given by the 1rORTGAGEE or its ~uccassors or ass~gns, shall operate lo ~ale~se, d~scharge, modify~ chan9e or af(ect the originel liability of the MORTGAGOR herein, either in whole or in part. _ ? 10. It is specifically agreed that time ii of the essence of this contran and lhat no waiver of any obligation here~nder or of the obligation se- ~ cvred hcreby shali at any time thereafter be held to bs a waiver of the terms hereof or of the instrument iecured herby. - ~ 11. IR add:tio~ to the fae oin month! a m-nts of ~nc' al and interest re uired b• the rom:ssor note secured hereb mort a or covenants - ~ 9 9 YPY P'~ P 9 / P Y r 99 and agrces to pay to mortgagee ~ti~ith each monthly payrnent an add~rional sum est~mated by mo~tgagee to be equa! to 1 j 12 of the annual cost of the fotiow- _ - ing: - ' - A-All real property taxrt levied or assessed aga~nsr the above dest~~bed real tsta!e. - - 8-Premiums on fire and windstorm insurance as herein requ~red to te carried on the unYroveme~rs s't~ate on the above described premises. ~ C-PflTI:/Ti3 on such mortpage g~aranty ir.wrar,ce as :nortgagee sha{I from t:me to time deem fit to carry o~ the loan setured hereby. ~ - i ILSortgagee sha11 from time to ti:re notify mertgagor in wrEt7ng of ths amoem doe ard payab~e hereunder and such svm shall thereupon be d~e and i . payable on the d~e date of the next monthly payment and each successive month tnereafrer ur.til mort9agee shall notify mortga~or of a change in such ~ amount. Such ~~ms shail bt applied by mortgagee toward the peyment of reel property tnxes, insura~ce prem:ums, and mortgage guaranty insurance premiurims. • ' , i . IN WIThE55 WHEREOF, the said A10RTGAGOR has here;;~to set his fiar,d and seal the day and y r firt! aforesaid. s ' - S~gned, Sealed end d live~ed in the preience of: ~ ~ ~ "t' . ~ ~ ~ ~ l-r=~ f. - ~ i=~[ ~ ' ~ ~ , rct1n ' lz 2 z--i -sz--' - Jo ~ c o t t N~.1 ~ "(Seal) - J E11'~ bett'1 S• .Y~1 t-Caar4~...,`.' ~a~) _ - ~ ; (Seaq , $TATE OF FlARf~BA ~ ~J~f ' . ' ~~~,v~'~';''. ~ ' - SS ~ . ' . _ COUNTY OF 4~-'~~ ~i9~[ F?ilE: - _ ,q j . :r _ = f L~ ~~y' , . Before me personally nppeared `~oF111 SCOt t NC' 111 ~ - " and cl i 7.~~~t tl S. ~~i~ 111 his wife, to me wel! known and kno.vn to ma to be the individvals detcribed in and who execute3 the forego~ng instrument, and acknow;edged befo:e me tF~at they executed the same for the purpos~s I ~ Iherein expressed. And ihe said L~ 1~~t7e ~ h S. \e 11 1 _ wile of the faid Jehn S^,Oft \ell l upon a separate and private examinot~on by me taken seperate and apart from her said husband, ackno•rvle~ged to and beFore me tFat she exetuted said instrument freefy ertd v41un- tarily_and w~thout any compulsion, constraint, apprehension, or fear of or from her said husband. - - ` ~ WITNESS my harrd_and official seal this ~'1 day of ~ A. D. 19 3? ~ ~ flLEt~tr. _su~~7fD / - " - : ~ 3T. L1 ~~i •::~i;7hT"S fl~_ ~ No ary Pub~ic ' e a ~ Fv::: =•=~J'??,tS t~/ My Comrp7sii n exoires: ~ - Retum Tc: - C~E 'f :,.T ~n~R _ . firot Federal Savingt 6 l~an Associar~on t~ NANCY 1. IItASCpRp, (VpTpRY pUgltC i E Of fort P~arce. • ~On00tdtlilie. De1~yyK~ Gp.. Q~. F E fort Pierce, Florida M~1 ~p ~ 16 I' ' 1~ _ MY Commis~ion Expks~ F~6, 1). _ . ~ i ~ j - 30$S1$ - ~ - This lnstrument Prepared By John I~'. Collins - ' ' _ First Faderal Savings 8~ loan Association - ~ : of For! Pierce , F1 or i d~ ~ ~ Checked By ~ ~ R ~ S . 8oox239 P,,~~~.~41 - _ . ~ - . . - _ - _ ~ - .