HomeMy WebLinkAbout2371 3. To plice anci cominuously keep on tiia bui!d~n~s now or he:eeiter eitu.+t~: on sud land a~d on al~ rquipmen! and pe~aonally covcred by this morfc~-
ago, wAh all ptemiums ~hcreon p~:d in full, fire in:~rauto in the usw~ xtanda~J F:olicy furm, in a wm approv_•d by th~ I.lOR1GAGE~, and windeto~m
insurance ~n ~he usual s~a~,~i~~d po:;cy iorm, in a w~n ~pproved by tha MOR1G.^.GEE, ln such conipany or comp~n~es as the h10RTGAGEE may
dirett; and all (ir~ and .v~ndsturm insurance po!+ac~s on any o( na~d Iw+ld~nge, eny iNeresl tncrein ur part Ih.re;of, in the aggregate sum aforesaid or _
in excese Ihcreof, sha11 contain the i~sval eta•~d~rd i~1ortg~gee <~ause or such other clause as Ihe Alertc~agee r.~ay requ~re, ~iiaking iho loss under said poli•
~ cies, each and cvety, payat>'a to'said A17RIGAGEE as its fnl~r~st may ap~ear, ancl cach and every wch pol:cy shall be promplly eis gned and dalivercd to
any held t~y said MQFfGAGEE as (urihcr security to said rr.urtgac~e debl, 0nd, not Iess rt~an ten (10) days in aJ~ance o( ~he expi~aGon of cach policy, to de• _
liver to said A10RTGAGEE a renev.•al therro(, ta~ether v~ith a rccaipl ior the prr~r,i~m n! such rene>•;el; anc! Ihere shall be no iira ur windsiorm insurance
plneed en a~y of said buildir:gs, any interes~ there~n or p~ri ~herco(, un!ess in ~fie iorm and wiih Ihe loss payaUte as a(orcna~d; and in ~he e~en~ any sum
of money becomes poyab~e ~ndrr such poHCy cr pol~ties sa~d IAORiGAGEE shail heve ihe option to recaive ar.d ap~ily the same on accoun~ of the indabted• ' t
' ness ecaned hereby or ru per•~,~t sa~d 1.tORTl3AG0~~ to tecci:e and use it or r,n~ ~~a:t ur~rcof tor c~i~~~r pur~~oses. v:i~l:out ~t>>~~i;~ •.•r:.i:i,•~ c~ ue:p.~ir-
ing any equ~ty, lien o~ riyht undcr or by virwe of this ~r.o::ga9e; and in the even~ sa:d A10RTGAGORS shall for any rcason (ail to kecp ti~~ said prem~ses so ' .
inwred, or fail 2~ de!ivc~ proinptly any of s~~d pol~ciis of i;~aurance to said /.10RTGAGEF, er f~il ~romptly to pay fully any pre~nium therefor pr in any
respetl fail to p~rform, discharg~, exirute, ei(ect, comp!Me, co:nply wi~h and abidr by tlus cuvenant, or any part hareo(, said MORiG~GEE may plac? and ~
pay (or such insur~~nte or any part th~reof w~thou~ ~vai~in9 or affacting any opt~a~i, Ilen, eryu;ty, or ri~ht under or by virtue oi Ihis hlortgage, and tht
full an:ounl o! esth and eve~y such payn~~~nt sh3h be i«~mcdialely due and pay~l~!e ar,d sh~ll bc~r interest irom Iho datc lhercof unlii Faid at the rate ol
nine pM tentu~n per annvi~i ~m! ta~rtl:ar •.:ith eu:l~ inh.~r~s! c?»li hr securc:l hy the lien oi Ihis mottgag~.
~t. To permii, commit or sufier no waste, i~npair::.ent cr dcte~ioration o! said property or any part thereaf. -
5. To p~y all and singu!ar Ihe tosts, charge~ and expenses, indud~ny a reasonable attorney's fee and costs o( abstrads of title, incurred or paid at
any ~i~r.e by s~id A!ORIGAGSE, beca~se o~ in the avent of the (ilure on Iha pe~t oi the sa:ci h10RTGAGOR to duly, promp~ly and fully perferm, d~scharge,
execute, effect, cemp!ete, co:nply .vnh and a6:c~r by e.jch and e~-o~y the st~pu'at~cns, dar~rmpntS, con~t~~io,~s, ar.d cove~ants of said promissory nqte and tF.is
mortga~a any or eirher, and sadd costs, cha~ges and expenses, each and ~very, shell be imn:~~iately doe and payal'e; v:h^lher or not there be notice d~
m3nd, attelr.pt to colied or suit pe~~d~ng; and rt~e full amouN oi each and every sucn payment shall bea• interest from the date lhereof until paid af the
rate ot nuw ,~er cen:um E•~r a~uw:n; and a~; sa~d cesrs, ch,~gas ~~~.i ~x;;~nses i:x~rrcJ or p.~~d, ~a~ether w~~h_s~ch interest, shall be secured by the lien of th~s
mortgage. - _ . ~ -
6. That (a) in tha event o( any breach of Ihis Mortgaqc or defau!t on Ili~ p~r1 of th~ AlORTGAGOR, or (61 in the event any of Sa:d sums o( money
herein referraJ io ue ~ol pron,ptly and fully pa~d ~vnhi;~ Ihirty 1301 days next aftc-r ~he sanie severafty become due and payabte, ~vithoul demand or nutice,
or (c) in the evcnt _e;;ch and every the stiputat~ons, ayreements, cer.ditions and covenants oi sa:d promissory note and Ih~s morte~age any or either are npt
~uly, p:erepfly and f~lly perfonned, d.schargrd, ex:•cutod, ei'~cted, cornplered, co•^p::ed :.rth and ah;tieJ Sy, then in e~ther or any svch event the said ag- ~
pre9at_ sum m:nliO~~GC~ in said p•o~;i~ssory nvte fhen rema~ning unpa~d, ~vith imere>t acctued, and atl meneys secured hereby, shall becoma dve and pay-
a6:~ (orth,ni!h, or ti~ereaft_r, at the opr~on of sj~d A',O~TGAGef, as tuliy ar.d c~mp!etely as if al! o( ~I~e sa~d sums oi mo~ey were or;ginatly st~pulated
to he u.~:d cn such d~„ ~nyfhing in sj~d prc+n;ssory note cr in Ih~s 1.!ortgag~• to the tontrary not.vilhstandiny; and thereupon or thereaher al the option ol
s~td l450RTGAGEE, v.~tl.cot noncr or de~:~.~~:J, auit ot law cr in equ~iy, Ihere`,uie er N;creattor begun, n~ay bc prosecuted as if all moncys secu~ed hcreby
had matv.red pr~ot ~o ~ts ins~~t~tlen. ' " - •
7. Tl~st ir~ the ever.l th;~t at ti~_ beginn'ng nf or at any t~mc pend~ng any sv:t i:pon this Mortgage, or to forectose it, or to reform it, or to e~forte ~
payment eF any ct.,Ems hcr~under, s~id :'.ORTGAvi` shafl cpply to tlee Ca;;rt ha:~r.g ~.••~sd:ction thcceot for ~ha appelntment of a Receiver, such Covrt shall
fcnt~~::ith .;.pc,:nt a r,•;ei:cr of s~id ~r.o~tgageci pro,:~~rt~ a!i and sin~viar, i:~ci~d,n,~ and s~~~gu,ar t~~e ir.come, prof~ts, iss~es and revenues from whatever
souro_ d.•r~ved, ecci~ ar.d e•:ery o~ ,tii,•ch, it L.e~ng rxp:e;s~~~ ~«d.~5~.:~~i. ~5 Fe:aby rr:r: far~ed as if spec~(ical!y sei fdr~h and described in Ihe granting and
' habendvai ca~zes her~•of, an~~ wch Rcceiver shail nave a~l ~hc br~;d ar,d eiiec~~ve for.ct o:,s and po.•.ers in anywise entrusted by a Couri to a Recziver, and -
. s~ch aFpointneent shtil ln m~de by su:h Court as an ad:ni»~~ equ~~y a~td a~•~a~ier o4 a:::ciufe ngtn to said MORTGAGEE, and wiihout reference to the ~
adeq;~~cf or inadey:;acy of the va've of the pro~e~ty mortgaged or to th~ so.~~:~cy cr ,n:.eEvcr,<y of said II~ORTGAGOR or the defendants, and that such
r~,~s. proi~ts, in:ome, issues and revenues shall be appt~ed by such Receive~ accurc;,r.g ~o the lien or equity of sai~ hSpRiGAGEE and the prauice of such
Court. - -
8. To du;y, prcr.~pfiy ar.d fully ferform, d~scharge, ex?cute, e{fect, comp!ete, coc~~pfy w~th arsd a6~c+e by each and every the stipulations, agreements,
. eond~fiens and eovenanis +n sa~d promissory not~ and ti~is martgaqz set forth. _
9. That in the eve,t th~ o•.vnersfiip o~ the ~r,ortgaocd prem~ses, o~ any part thereof, 6ecomes vested in a person other than thr MORTGAGOR, the
h',CRTG=.GEi, its s~~ccessers ~r.d ossi3ns, n,a~, ~vitho~~t r~otice to the f,IORTG~OR, dcaf wiih such suc<essor or svccessor in interest with reference to this
mortgagc ar.d nc~• d_bt Iter~b/ se:v~ec! in tt,e same mdr.r.~r as w~;h 1,tor:gagor without in any way vitialing or discharging the 1: ortgagors' liability here-
und:r cr vpon she d~bfh_;~•:~y se:ortd. t;o s~~e of tl~r Fre:n~ses hereo~ mo;tgaged ar:d no forbearanee on the part of the I~10kTGAGEE or its successors
- or assi9ns and ro execr.sEo~ cf rh~ r,~re fvr ~h•. ra~~meiN of the dcbt heret~y`secured given by the lAORTGAGEE or its soccessors or ass~~ns, a~~all operate
1o re'eas?, d.scharge, med'rfy cnjr.ye or aFec~ the or~g~n.~t liaa~tity of the N,ORTGAGOR herein, either in whole or in part.
10. It is speutk3l~y agreed tf:at t~m: is of th~_ esser.ce of thls centract and that no wai.~er of any obfigatlon hereunder or of the obligation se-
eerred hezeby si-alt af an~ ti.~-:e ;hereaf:er ce he'd to he a.veiver of tfie terms A?reof ar of the-instro,rent secured hcrby. - s
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11. ;n ~::::1:~ :~o tiee fe:ego"~~~ mo~rh'~ F]eym.Jr~15 of ~r.~~,c'aat and ir,tcr-_se required by ~he promSsscry no!e secured hereb~, mortgagar covenants ~
and agr~es !o pay ro ~~~orrg3riee w~'h each rncn~h:y ai;c,.er„ an a~'d:e'r,na! s~~r, es~~^:efed by mo:tgagee to be equa! to 1; 12 of thr znnual eost of ihe fo!~ow- ~
1n~' . • ' ' ~
A-F,!1 r,al p,roperty tar_> 'e•~~e~ ar asses~.:f ry:i•~:s; the ai:ovc dest~~~~d re31 csi.,tc. . _ ~
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B-Pr: ~~.:v•,~s c,~ a~~d v:~odsror:~; ins_*src~ es F.~-~•'~~ rc~q~~:red !n E.•: carr~rd en the Imrrov~rn~~ts stuate on tha above d~scr;bed premises. !
C-Pre:r•iun+s on wch rrc:r~-ua gua,a~ty i^5!Jld:.Cf •?5 mo~rgagee s~31S fro~~ s'me io tim~ deem fit-lc.-carr~ on the loan secured hereby. F
R!o~foagee s'r,;;; f,om *.:-r to nc~~f; mor. :a~c: ~r, v;r;~;ng o! the a~-.o~•v d~e ar.d payabte hereundar and such sum shall thereupon be due and ;
E.ayah!e on fh~ cev~ ci~!e oi 1'r.e n•.xt ~~~oo+h:y p3•;n:•zr.~ ~::d e~cii s;;ccessive rno^.!h rhereafr:~r ur.tii mortg3gee shafl n~tfy mortgagor of a ct:ange in such
amovnt: Svcn sums sea'f qe app:ird t;y ntcrtg;g;e to:,rd t::e p3yT^nl Of real property taxes, insurance prem;vrrs, and mortga~ guar. nty ins.rance
. p~e:r.i~~rns. .
~ I~~ •;~ITr~E55 .`:HER=Gr, s'r;a s3:d .',°.7RiGkGOR h:~s F.~=reu^to sz! h~s hand and seai the day and ear first aforesaid. r F
Signed, Sea'.ed and de;ive~ed ~n the presenc~ of: • -
- ~ -~y..~~ r_ ' (Seal)
- %7 ~ ~ tE~~--L-' . Gr' " o . Williams
- - - (Sea
- l - ' C . :
~ - Diane M, Will ams ~~aq '
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~ - STATE OF ~LDRlDA ~ • ~
SS. ~
COUNTY O~ ---~_S~i__~1~.~.~~----- 1
B~fore me F~.~SOr:>;:y ~F;,~~~z~ _----------G~~ory R. w~~~1~~$-_ and
A__ Diane_~i_L_Wi~3iams h~s v:ife, to me ~tie~l knoti~n ar.d kr.ovrn to me to be
the in~?;v~dua's desuii-~d in zn~ .:ho exec~!ed th-~ foregoing instrument, and ackno:::ed~ed before rr.e that tFey executed the same for the purposes ~
there:n expressed. Ard the S~sd- _ Diane T~. Williams
~~i(e of the said - ~e~or}t-R W ua.~mS z
vpon a separate and private f
exam~nat;an by me s~ken s~parate end aparl (ro~, her said husband, acknor.ledged to and before me that she executed sai~ instrument freely and volun- ~
. Iarity and witFovt any comnu`sion, censtr~int, a~.prehens;o~, or fear of or from her said husband. ~a
VlITNFSS my hard ar.d offic~al seal this___SL1~ ~ _ day of i~8,y/ ' _ , A. D. 19~_ ~
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Notary Puhlic in a i he State of Florida at Large .
R-_r~rn To: My Commission e y`e.s_• ' ; a c*-r:da ot taras'
- i+~fQr~ p~: _
First Federal Savir.gs b Loan Associat:on F~<EU ~y~' RCCORDED ~1p Cc.'•~ 2~. 1977 i
_ - of rort Ps~:c~. SI. F~~,=, ~~~UNTY Flq. ~~d~ I,y E... L. Cusvafry ~ ,
• ~f,RAS '
- Fotr P~erce, i~orld~ CLER~ ~ti;'^UIT COURT ~G~f _
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~ Mar 11 9 os ~F~ ~7~ . _ , . .
;~..r=~.`:. .
' This Insirument Prepared By Wj~lliam J• Forbes .=~:;r'~.~ ~ ~
• First Federai Savings & Loan Association _ _ ~ ~:~='.,-K , ~ ~
of Fart Pierce ~ Flot~da 33450 ~~~~~~$s , - _ ' ~ ~~i,;=: _ _ ~
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aoox~~y P~cf2366 : ;
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