HomeMy WebLinkAbout0227 3. To place e~d c~ntinuoualy keea on Iha bui!d~ngs now or herer(ter lituata on saic! lar.d and on all equipmeM and personally tovered by Ihis mo~lg•
age, wilh all premiums therron pniti in fu!~, lire insurance :n the ~suai tia~xisrd polity torm, in a sum approved by Ihe A10RiGAGEE, and wind~tonn
Intura~ce in ihe usual standard pal;cy iarm, in a surn sppr~vad by the M.~RTGAGEt, in such company or companirs ef tha MO~?GAGEE may
direct; - and all (ire and w~n~storm i~s~ran,e poticirs on an~ ~f said build:ngs, any Interest therei~ or pa=;• thareof, in the aggregett ~urn afor~s~id or ti
in extess Ihe~eof, shall contain tha usual sta~dard morigagea tlaur~ or ~such other cla~so as ihe hlortgagee may rzgv~ro, making Ihe loss under s~id po~i-
cies, rach a~~d every, payak+!r to said A\c~R1GA(~EE a~ its inf~r~st may appear, and ea~h and ~very wch polic•,• shall be promptly ass gned and del:vered to
any held by said AtORfGAGFE as (urthe~ set~ri~y to said murtgage debl, and, ~ot Sess then 1en (10) days in adva~tice oi th~ expirotio:~ of each policy, to de~
Ifver to sald M~RTGAGEE a tenewal Ihereof, to9e+tier witti a tece~pt for 1he prem~um of sv:h renewal; an~ ihere shall be no fire or windsto•+n insvronce
placed a~ any of zaid buildings, any intarrst the~ain or par~ thereot, un!ess in thr. furr.i ar:d with ~ne toss payable a: atoresaid, and in the eveM any svm
of mon~y becoma~ payablr v~der such policv a° put~cies s~~d h10RTGAGEE shall have the'op~ion to receive and apply the same on arcount o( Ih~t i~dabled•
oess secured hcrcby or to pe~mit sa~J MORTGAGORS ro recaive and ..;e it or any pa~t thrreof lor other pwpases, .•~~iho~t Ih>~eb~ waivirg or in:pair-
_ Ing any equity, lien or ~iyht unde~ or by virtua of this mo:tga~c; and in the event tald MORTiiAGORS shall for any reason fail to keep tFe said p~emises so
ins~:ed, o~ fall to deliver FrompHy any of said pol~cies af insurance to sa~d MORTGAGEE, or (ail promptly to pay tuily ac~y premium therefor or in eny °
respect fatl to per(orm, d~scharge, execute, effe:~, compteta, co,nply wi~h and a6idr hy ihit covenan~, ar any part hereof, said N10RtGAGEE may pla,e and
pay (or such %nsurance or any part thereof ~vi~hout waiving or affecting any option, lion, equity, or righl undt~ or bv viitue of this hlortgays, and Ihe i'
full amounl of each and every such pa~mrnt shall be immediately due and payable and shaH bear ~nterasl irom IFa data theraot ucitil paid a1 Ihe rate ol -
nine per centum per annum a~~d to~ethcr with such interest shall I~e eo: ured by the lien oF Ihis rnxtgage. ~
4. To petmit, tommiS or sv(fer ~o wastc, impairment or deteriorei~on of said properly ot any part thertaf.
, 5. To pay all and singular Ihe costs, charge~ and expenses, includ~ng a reas^nable attorney s tee and costs of obstracti ~f ti!le, iRturred or pa~d at
any fime by said MGRTGAG:E, because or in the evenl ot tiie failuro on the parl es ihe said h~10RTGAGOR to duly, p~on•ptly and tul{y par(orm, c~ischarge,
execute, etfec~, complete, comply wi~h and ab'de ty each and evrry the stipulations, a~reements, conditions, and tovenants of said promiasury ~ote and ihi9
mortgage any or e~iher, and sa:d C64f3, charc~e~ and expenses, each and every, shail br immediately due and payable; whether or not therr be notice d~
= mand, attempt to co;lecl or suit pe~~d~n~; snd tf~e Full amovnt of eath and every such paymem shall bear interest from the dete thereoF untit pai~ at the
rate of nine per c~nturn par a~:r,um; and all said ccsts, cha: ~2S 3f1d expenses ine~ried vr paiJ, tc~ather ~vith such interesf, shall be secured by the lien of thi~
mortg~ge. ~
6. That (a) in the evenl af any !~.=each of t}~is h~ortyaga or default o~ t}~ part of the h1ORTGAGOR, or (b} in the evenf any of sa+d svms of money -
herei~ ~eferred to be oot pranptly and fulty paid withir, tni.ty (30) days nexi aiter the same severally become due end payable, witho~l u~:~ma~d or notice, ~
ot (c1 in lhe eveN ea~h and every the sl~pularions, a~reemznts, candrtions and cov2nan~s of sa~d promissory note and Ihis mortgage any ar either are not
~ul}, prompNy and fulty performed, d~schargcd, exe:utcd, eifected, cu~ap}eted, ccmpl;ed ~~•ith and a6id.d 5~r, then in either or any s~ch event 1he said aa
gregate sum mentioned in said prom(ssory note -then remairiing unpaid, with inre~est accrued, and atl moneys secured h:reby, shall ben~xne due and pa/,.
ab!e forthwiih, or fhereafter, at the op!ion of sa:tl I'10RTGAGEE, as fully and coinpletety as if all of the ~aid sums of money were oriqinally stipulatec!
to b~: pa+d on such dcy, anythino in s~:d ~rem=ssery nots or in ihi~ blortgage to thn co~vrary notwithstanding; and tnereapon ot Ihereafter a! the option of
~aid MORTGAGEE, wilho~t ~~t;cc or clem3nd, suit at la~v or i~ equity, theretcre or thereaft<r be9un, rnay be prosecutad as if all moneys secured hereby
~ had matured prior ta its institution. ~
7. That in Ihe evenl that rl fhe bPginn~ng e! or at any time pending any su;t upon this Merigage, or fo Foretlose it, or to reform ii, or tc enforce
paymenl o! any claims he~eundar, s3~d htORTGAGEE sha~l apply ro the Cou:t havirg jurisd:Uion thereof for the appoiniment of a Receiver, such Co~rl shall
fotthwith appoint a reteiver uf said mortc~aged prop'rrty afl and s+ngular, ir.clud:ng atl and singular fhe income, ptofits, iasues and revenues from whatever ~
source decived, eath and eNery o( whSch, it b. iny erpressty understced, is hereby mnrtgagc~ ai ii specifica!ly set forlh and. described in the gra~ting and
habendum clauses hereof- and svch Receiver shall have aU the 6~oad and ef~ec~ivr- (ur.ct:ons and powers in anywi;e entrusted by a Cour1 to a Rscei~er, and
suth appointment shall be made by s~ch Co~r1 az e.~ ad~nitted eyoity a~d a maticr of absolute right to said /.50RTGAvEE, m' without referente to thn
adequacy or inadequacy of .the value of thr property mertgaged ~r to thc so:vency o~ insolver:cy oi eaid h10RTGAGOR er. Ihe defendarls, and thal svtF.
' rents, profits, intome, issues and revenues sha~l be applied by such Re=eiver accordi~i4 ie tF~e licn or equity of said MORIGAGEE and the prattite of suth
Court. -
8. To duly, prom~,tiy a~d futiy periorm, discharge, ezec~te, ei(ect, complefe, comply w7~h and ab~de by each a~d every the sfip~lalions, agreem~Ms,
ca•ditions ar.d covenams ~n sa~o premissory no!e and :h;s r.~ortgage set forth. ~
9. That in ths ev~~t ehz ownersh~o of the mortgaged premE.es, or any pa~1 thereof, becomes vested in a person other than the lAORTGAGOR, the
A10RTGAGEE, its successors and ~ssigns, may, withou? nntice to the ~AORIGAOR, dcai ~vith wch successor w svccessor in interest with teterence fa this
mortgage and the debt h~rcby secured ~n the sam,e manner as with I;crtgagcr w~thout in any way vitiating or dis~haroing the f.tortgagors' liabitity nerr
- under ar up~n the drbt hereb/ secured. No sate of the F:2n:ises hereby inortgaged and no forbesrance on the part of the iAORTGAGEE or its svccessor~
or assigns and no extension ef the t6me fo~ the payment cf the dabt hereby src~red giv.n by Ihe 1:10RTGAGEE or its sutcessors or assigns, shall operate
to relea:e, d~scharge, modify chanqe or af(ecf thz originai liabil~ty of ti:~ ~AORTGAG~R nerein, either in whole or in ~art. _
10. If is spectficalty ~zgreed ~ha~ time is oi th~ rssence of th~s contract ar.d ~hat ne waiver of any obtigaNon hereunder or of the obligation se-
. tared hareby sha~t at any ti~~ie thereafter be he!d ro 6e a wai~er of the lerms hereof or of the instrumeN s~c~red herby. ~
11. In aod;t~pn to che fo:ego'~~c~ ~:,cnth'y paym.en!s of p;iat~pal and in~er~st req~ired by the promissory note secured h~reby, mortgagor tovenanfs
and agrees to pay io mo:~9agFe a:;th e~ch men!hfy pa;n:ent an addf+ional sum esNn:ared b;~ mortyagea to be equal to 1/12 of the rnn~al cost of the follow-
_ ing: ' . _ . •
- A-A!I rea~ properly taxes tevi•.d o: assees~d agai~,s~ thc above desuibed real estafe. -
B-Premiums on tire and wirw-Jsrerm inwrance as hereln rcc,u:red 1o be tarried`en the improveme~ls situate on the above described premises. _
C-Premiu;ra on such mort~>ge 9~~afanty ir.sura~:ce as mo~tgagee shail from 1:n:e to time desm fit to carry on the ~oan secured hereby. - -
Mortgagee shaE: frem t:n,a to +~me not~?y mortyager in writing oI the arr.ount due and paycble hereunder and such svm shal! fhereupon be due and
psyable on the d•!e ciate of Ihe next mon!h:y F.ayment and each successive• month ihereafter urtil morlgagee shall nofify mortgagor of a chan3e in such ~
amount. Such sur'r,s shall be ap~lied 6y mart~3gee tov.•ard the payment of rea! preperty taxes, ,insurance prem;ums, and mortga~e auaranty insurance -
~remiums. _
IN 1'/1TNE~5 WNER~OF, ihe sa~d N,ORTGAGOR has hereunta-s~t his, hand and seat tbe day anc ar first aforesaid.
S~gned, Seated and de?ivo.red i~ the presence of: J
- f~LED r KLC~r~.DEO Sean .
,~~.~t~ S'f_t1;C1~ ~7~JHtY FtA_ ~~ernie ~ ar~es _
aLi•~y rl)l~r~,bs
- CtEF~ i~~.iu~iy~'~U~ pxandr~a T amgs ~`a~~ ,
- aFr_.!1R : Y~ ~<;E:: ~ «..:a-R--~ ~~D~ i
STATE OF fLORIDn _ ' - ~~~~0 C~ 32 ~~5 - ~ - - 1
t
cour~3 r af _ S t. L.~c ie ~
6=fcre m> persoraliy app~a~e~ B~rnie Thames a„~ ~
- Alexandria Thames - h~s wife, to me wetl known and known to me to be ~
fhe individuals described in and who executed the foregoing instrumrnt ud ackrtowledged before me ihat they exetuted the 4ame ior the pvrposes
-therein expressed. Ar.d the said Alexandria Thatees '
` wife o6 tFe sa;d Bernie Thames ~Po~ a sepzrate and priv5te ° ~ `
F~ ~xam:nat~on by me iaken separate and aparf frorn her sa;d husband, acknowledged to and befc.re me that she executed sai~ instrumeni ireefy ~nd volun• ~
€ tarily and witha~l any cor^ri•fsion, constraint, apprehensian, or fear of or from her eaid husba~~r1. ~ - ` _
~ _ Y~1::.1E55 my hrn~J ar.d off:cial seal this- .Z~~ day of ~~y ~1. D. 14-~
~ .
r / / _
~ " 'Lil.-~~T -
f_ - Notary Public in and ior th tafe of fforide at L+~rye
! My Commission expirzs: '
; =etwn To: . ! O , '~,:a:~~`:' -
Fir;f fed~ral Srviaas & loa~i Asso:iat;or. - . ~:':i~
c s'
. OF Fort P:erce. ~ . . ~ •
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- Fart Pierce. Flor~dr - - _ ti ~ L :r:i / j~ - . j
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This !nstrument Prepared By Gary F. Bl lxood , , ~
. ; ! , . n ~ F ~ ~ 'f
: First F~deral Savings & Loan Asseciation ` - . ` ` ~"e~' .t-~ = ~
_ of Forfi Pierce ; Florida _ ~ ~ ~s ~^,j ti ~ ;
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~ Checked B~ '•.;~+:~,+•..~?t~'~-:~
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