HomeMy WebLinkAbout0411 3. To piaca and conli~~ovsty keep on ihe bui!dings now or her~aftrt fi!uete an ~atd lancl ancl ar~ a~1 eauip-~:ent-and p'- aonally covered hy thii norlg• _
~ge, with ell prem(vm1 iher~a~ pald in ivll, fi~e insuranca in the vi~al standa~d pollcy (orm, i~ a sum app~i:z; by tiie .NORIGAGEE, and windi'a~~ 4„
lnturance in ~ha usva) ~~andard pot~ty (orm, tn a sum approved by the MORTGAGEE, in such tompany ot somp~nies as the IdORiGAGfE may t.~~ ~
- di~eclt end all fire end windslorm insvrence policies on any of said build~n9s, sny interasl lhereln or Qart thereof, in iho aggregata sum aforesaid or 4
In excese thet~of, sheli co~t~i~ the usval standard mwtgageo dause w s*=ch olher clause as the Mortgegeo may requ~~e, ~naking IM loss vncler said poli- r~ " i
ciee, eac~ end every, paycbte ro said AIGRTGAGEE as i1s inserast oiay ap}xar, and ea<h a~d evcry tuch policy ahall tx p~ompliY ass'gned and dalivered ~o ~
any held by said 1.!pR*GAGEE as (urthe~ security ro said mortgaae deb1, artd, nut less than ren (lU) dayi In advanca of the exp~ralion of each policy, to de- • i
Uver to said AtiORTGAGEE a tenewal thereof, tagethar with a receipt fot the pramium of s~ch tenewall and tharc ihrll be no fire o? windstorm insvtaMe
' plateJ or~ any ot seid buildings, eny tnterest thetan or pnr~ lhereoi, u~less in the form and with ~ho loss payablc a: eforoaaidj and i~ the event any svm
oi money becames (~ayable ~ndrr such polity or policies said MORTGAGFE shail have ~he optiun to receive ;nd epply the iame on accounl of !he indabtecl~ `
nsst secared horeby or ta permit said h10RTGAGORS to receive a~d use it or any parl thereof ior onc~r ~,~,3oscs, v+~thout ~h:reb~ ~vaivi„g or ~n,~air-
ing any equity, lien or right urtder or by virtue of ihis mortgage; ond In 1he event taid MORTGAG~RS shall for any rea~pn (ail to keep the said promises so
ir.sured, or fail to deliver p~omptly any of aaid poli<ies af in;ur~nce to ~aid MQRTGAGEE, o~ fail prcmptl_y to pay fu!ly sny premium therofor u? ln any 3'
rospecf fail to perform, d~scharge, exec~te, effect, completa, cc+mply with and abida by thit covenan!, or any part hereof, iaid MORTGAGEE may place and
pay for such Insvrar~a et tny pert thercof withouf ~vaiving or affecting any opiicn, tlrn, rquity, or tighl ~nder or by virtue oi Ihis hlortgage, end Ihe °
full amounl of each aod e~~ery such payme~l s1*~It be immediately d~e and payabte a~d ahall bear intereil irom tha date thereof untit pald at the rote el '
nine pe~ cenwm per an~um an~ together ~vHh sv:h lnte•~st ehall be secured by the Uen of thii mortgage.
4, To permir, commir o~ ~uffe~ no waste, fmpairment or deteric~r~tia~ of said,properly or any parl ~hereof.
5. To pay a11 and singular the costi, charget and expenses, includir~ a reascnabla rtrorney's fee a~d cosls of abs~rad~ of title, inc~rred or pa~d ai ~
eny time by said hlORTGAGfE, b~cause or in Ihe event of the fai~ure on tha part of the said MORiGAGdR to duly, promptiy and fully perform, discharge, ~
~ execvte, effect, cwnplete, comply'with and ab:de by each and every the stipvlations, ag~eements, condit;ont, and covenaros of said promissory nota_ and Ihis ~
raortgace any or ei?her, ai~u sa:d c~su, chere~e! and expenses, .ach end every, shall ba immefiately due and payable; whe~ha~ or net thare be ~otice dr
mand, eltempt Io collcc~ or suit pendingj nnd tho (uli amount of each and every wch paymenl ihall bear inleres: from the dete Ihereof until paid e1 the :
rate ef nir.e pe~ centum p~r an~~~n , and a~t said costs, tha~ges and exp.:nses incvrred or paid, together with u~:h Inlerest, shal) be secured by Ihe lien of t~~t {
mortgage. ' - _ ~
6. That (a) in thr eveN Qi any breach oi this Mort~age or default on~the part of the MORTGAGOR, or (b) in' the event any c` said 3ums of money ~
hereirr referrerl to be no~ promptly arr! f~lly paid with~n thirty (30) Jays next after the sema seve~ally becoma due and payable, withou~ demand or notice,
or in the e~ent each and every the atioutations, agreemenis, cand~tions enJ covenents of sa;d aromissory note and tAE~ mortgage any or either are no!
- ~~ly, pror,:ptly and iL~ly per(ormed, d~scharged, executed, effected, canpleted, co~npl~ed wi~h and abiiled by, the~ in e~~her or any such event the said ag_
g~tgate sum mentioned in said promissory nata then remain;n~ ~~p~id, with irteres~ accrued, ane+ all mo~eys securrd hereby, shal! become due and pay
ab19 forthwith, or fnereaflcr, at the option of said A10RTGAGEE, os fully and com~.zl~ttQly as ii all of the said sums of money were o~iginally st~p~tated
- to be paid on such day, ~ny!htng in said promisso:y nole er in this hlo~tgage.to tha tt~~uary notwithstanding; and 1F.ereupon or therrafter at Ihe oplion of _
said MORiGAGEE, without notice or demanci, suit at law or in eqvity, therefere or the•eaiter begun, may be prosecuted as if all moneys secvred hereby
had matured prior to ~ts 'snstitution. _ - . _ _ ~
7. Tha1 in the event that at the beginni~g of cr at any time pertding any sv~t vpon this Mortgage, or to ~osetlose if, or to reform it, or to e~iorce
paym~nt of any claims hereunda~. iaid h1~RTGAGEE shalf appiy to the Court having jurisdiui~n Ihereof fOr tfie appoinhnent of a Receiver, such Courl shall
(orth~vith appo~nt a receiver of s~id mortgaged property all ~nd singvlsr, ir.ch.~dmg alf and~ s~ng~lar ~ the income, profits, essves and re+rnues trorr. whatever
source d~~ived, each and every of_ wh:ch, it b.ir.g expressly unders~ood, is hereby morty, ~ed ae if spetificblly set fatli and .tleuribed in the granting and
habendum dauses heccof, and svch Re~eiver shai~ have a!I the broad a~d effecrive fur~trons end powt» in enywise enlrusted by a Covrt to a Receiver, and =
toth appo:n!menl shall be made by svch Cuvil as an admitted equi:y and a matter of abso~ute right to said MORTGAGEE, and wilhout re(eretxe to the -
~ adequasy or inadeqvacy of the va?ue of the properiy mortgaged or to the sotvency or insolvency of said MORTGAGOR w. the defendanls, and that ~ s~tih
rents, praiits, income, issves and reven;,es shap ~e applied by ~su:h Receiver a:cording to the lien ot rquify oF said MORTGAGE: and the proctite of such
Court. - -
8: To duly, promptty an~ fulty perform, d~scharge, execute, efled, cornplete, comply with and abide by each _and every the atipulations, agroemenls~
cUnditions and covenants 3n said pranissory note ar.d this mortgage set forth. _ - +
- 9. That in the evenf the own~rship of Ihs mort~aged premises, or any Rart thereof, becorrsts vested in a person oiher than the MORTGAGOR, the ~
htQRTGA~EE, its suuessors ar.d assigns, may, withoot notice to tF.e 1.10RTGAOR, dsai with such successor or svtcessor in interest with relerence to this f
mortgage and the _debt hereby secured in the same'manrer as ~vith Mortgagor wi1lw~ut in any Hray vitiating or discharging the Mortyagors' liability here- j
under or upo~ the debt hcreby secured. No sale oi the premises hereby morlgaged a~d no forbearance on Ihe part of the /hORiGAGEE or its successors ~ ~
or ass~gns and no extens:an_ of the time for the payment of the deb~ hereby aecure~ gi4en by the MORTGAGEE or its tuccessors or ass;gns, ahall operate
to retease, dischargr, modify tha~ge or affecl the.orig~na! iiab~lity ~i the MORTGAGOA herein, either in whote or in part. _ _
10. It ts specifically ~greed tha: time is of the essence of lhis contrad and that no waiver of any obligation he~eunder or of the ubligaYan.sr
~ cured {~ereby shail at any )ime thereafter be held to be a waiver of the terms her~f o~ of the insl~ument secured harby.
11. In add~tion to the forego:ng montnly payments oi princ'pat znd interest required by the promissory note secured hereby, mortgagor .tovenants =
and agrees io pay to n:ortgagee ~sith eath mcnthly payment an add~rional sum est~n:a?ed by mortgagee to bz eqval to 1~12 of the annual tost of the fo:low-
_ _
' A-All real prope:iy laxes ie~ied or assess_d against thA abor•e d^scribed real eslate. • -
B-Premiums an fire arx! wir,dstorm insurance as here~n requ~~ed ta be carrictl on lhe improveme~ts situate on tho above desvibed premises.
C-Premivms on svch martgage guaranty casurar~ce as mortgagee shall from. t~me to time deem (it to carry nn "thc loan secured hereby.
Mortgagee sha11 from time to time notiFy.mortoagor in writing of the amoonf d~e and payable hereunder and wch sum shall there~pon be due arcd
payable~on the due date of th.s next rnonth:y payment and each successive month thzreafter ur,til mwtgage~ shail no!ify mortgagor of a change i» such
a~neunt. Such sums shatl be a~ptied by mortgzgee toward the payrne~t of real property taxes, i~s~rance prern:vmt, ar.d mortgage gvaranty ensurance
premi~ms. - ' _ '
i - -
IN tiYfTNESS ~~HEREOF, ~he said MORTGkGAR has h>reunTo set his hartd and seal t e day and year first aforesaid. - -
Signed, Sealed and de 'vered in the presenr.e of:
i~ 4 -(Ses~ _ i
~ ~RGGER~A`t.1~;~ Wi li F. War - i
i . _ - . - . ~i,1~'LW'i It+~ {$eal) - (
: R~C4RP VEe~tf 1~.~+~r . ~an
; ~ /~'Lr-t''' _ ~ - - . e A W3rd - ~Seaq
;
- ,~p; ~ ~ .
STATE OF FLORIDA - , ` ~ • ' = - .
~o~vn o~ _ st ~ - - 34~~~. ~ _ _ -
~ Before me personafly ap~.+eared Wllliac9 R_ Ward and
I.~~ Al'!tl WdYd - his wife, to me well known and krtown to me to be
fhe individvais describ:d in and ~vho execvted !he foregoing instrvmen~, and ackno-~.tedged befwe me !hat they executed the same fer tha purposes
~ -~herein expre,sed. And the :~~d Lee Ann Ward
wife of the naid Wi11ia?n F. WaYd upon a sepacate and privai~
examtr~tion by me faken separale rrul apa?I from her said husband, acknowltdged to and before me thal shE exacvted snid instrument freeiy ~nd vof~n-
: tarily and without any compulsion, constraint, apprehensSon, or fear of ar from her uid huabar~. - _
~ VIITNE55 my- haniJ and oific7al seal this ~ ~ day. of -~~t ~ , A. b. 1S 75
~ ~ _ - _ • . - ~
i; - •
~ - - Notary Pubi?c in and for the Stats florida af Larfle _
My Commission expires: / ~r - 3~s -~6
' Re!urn Ta . . - - . .
- Firsi Feder~l Sa~ings 3 Loan Assaiat2on ~ , _ . - _
- - Of fort P~erce. . • ~ ' • _ '
` . . Fori Pierce, Ftorida " . - - . ' ~t-r - , . _ .
~ ~~~ti1flt3~fit~~~ {5' ~
~ _ - - - - _ .~~y~ - 3~'~t,, ~
- - ~ ~ h ~
- - ~ - . - _ d - -1 4
~ - ; ~ - . ;S~ .
~ ~ ~
This Instrument Prepared Ry Willia~ J. Forbes ' - s rTt , i; ` ~
d,'~~ : i
- First Federal Savin s 8~ loan Association ~ : " _ #
g 2 , ,~t"1~ , g~:~ ~
- of Fort Pierce Florida 33450 A~ - ~ ,i-~ ~ 4 r = -
' ~ _ BOOK ~~U PACE _ , ~ 23 ti : r~ ~ -
Checked ~y . ~ ,F,,f` ~ a}~
. r
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