HomeMy WebLinkAbout1443 3. To p!acr and tonlinuous~y keep on tha buildings now or he~eefre~ eilu.+tu on safd ~and and on ell oquipment and petsonal~y cove~ed by ihit morlg-
age, wilh all pton;iums ~hereon pa~d ~n fuil, firo i~sur~ncr in ihe uw~l s~andard po'icy iorm, in a wm approvrd by Ih? h10RiGAGE~, and wind~to~m
~nsvrance in ihe vwal stantl,trd poGCy (onn, in e surn appruved hy ihe MORTGAGEE, in such company or ton,pa~ies at Ihe ldORiGAGEE may
d~ret?; and all lire and .v~ndstorm insurancr pofiuas on ony of sa~d bu~fo~~~gs, any i~tcte~t Ihere:n or part theraot, In Ihe aggregete sum aforesaid or .
In exces~ ihereuf, •hail contain the usual sta~~dard mortgagea dause or iuch ofhe~ tla~se as Ihe Atortgagee may r~qvire, maRin~ Iha lo~s undr~ se~d poli-
cies, eath an~ ove~y, pay~bfe lo sa~d h1pRiGAGEE as its ~n~eresl may app.ar, and each r.nd every such ~~o'.ky shall te p~oT~ptiy assgned and deli~•ered ~o , ~
eny held t~y said AlOCfGAGEE rs fu:~her s~curity w s~id mortgage debt; and, not Ie~s than ten (10) dnys in ad~ance o( the ezpirat~on et eath policy, Io d3-
(iver to said A10RTGAGFE a ienewal ~hereof, together wi~h a rrcelpt tor Ihe premi~m of suth renewat; and there shall be no iire or ~vinds~orm insuronce
pleced on any of sa~o buildings, any Interest thcre~n or pait thc~eo(, unlees in ih< <mm and vr~th the loss paya6le as aforesaid; and in the evenl any sum
of moneY becomtt paya6le undar wch poli:y or poli<ieti said MORTGAGEE shall have ~ha option tp receive and apply 1ha same o~ account of th~ indrbt~d• •
ness secured hereby or to permit said MORTGAGORS to receiva and ~se it or any part thercuf for erfi~~r purposes, v:~thovt th~~. br ~vaivi.i7 0~ impa~r- ~
ing any equity, (ien or ric~~t ur,der or by virlua of this martgac~e; and in the event sa~d MORiGAGORS shall (or any reason tail to keep Ihe said premiies s~ {
fnwred, ot (ail to detivet prompNy any of said pol~tie3 of insuronte to ~aid A10RIGAGEE, or fail ptomplly to pay (utly eny premi~m therefor ot in any ii',~ ~
respect (ail +o perform, d~sd~arge, executa, e((ed, :omptete, comply wi~h and abide by th~s covenan~, or eny parl hereoi, said MORTGAGEE may place and ~
pay for s~ch insurance or any part thereof ~v~~hout vvaiving or affecting any option, lien, equi~y, or r~~hi undr~ or by virtue of tl~is hlorloage, and it~t # l,
full anw~nl oi each and every such payment sha!I i:r immedialely due and ~yable ar.d shail bear +nteresl from ~h~ date thereot until paid at the rate ot •
nine per centum per r.nnuc~ a~~d to3ether wi~h sv<h i~u~~r~lt sh~ll be secwed.by tha 6en of this mortgage.
4. To pennil, commit or suffer t~a ~vasta, impairrnent or detetiorallon oi said praperty or any parl tha~eof.
5. To pay all and sing~lar the costs, chargrs and expenses, incl~ding a reasonable attorney's fee and costs of abstraUS of tiNe, incvrred or paid at ~ j
any Gn,e by s3id h10R1GAGfE, betause or in ihe event of tho failwe on Ihe pa:t oF tht sald MORTGAGOR !o duly, prompily and (ully per(orm, dacharge,
execute, effec~, complete, co:nply ~w~h a~u! ab~Je bp each and every the stipulations, agreements, cond~tions, and covenants oi said prumissory note and this
mortgage any or e~ther, and sa;d costs, charge~ and expenses, euh artd every, ahall be immediately due and payab!e; whether or not there be notice d~
mand, attempt to co:lett or suil pend~rtg; and ~he fu~l am~uot of cath cnd every svch paymeM ~ha!1 bea~ interest f•~m the date thereof unlil paid at the
~ate o( nlna per centur,i p.:r a~;~w:~~; anc' all said cos~s, cl+arge? and exE:enses ~~r.~~?ed or paid, to~ether ~v~th such imerest, shall be secured by the lien of thi~
mortgage. ~
- . 6. That (a) in the event of a~y breactr oE this Mdrtgage or dafauit on tt:~ part of the h'~ORTGAGOR, or (bl in the eveM any of sa~d iums af money
herein referred ?o be not promptty and fully pa4d wi~hin th~rty (30) days next aftcr the same severally become due and payable, without demand or notice, ~
or (c) in fhr event each and every the slip~tations, agreernents, condit~ons anJ covenants of s~id promissory note rnd th~s mortg~ge any or either are ~of '
~ ~uly, prompHy and fully performed, dsch~rged, e:ret~nd, ef(ected; complefed, cempiied w~th and ab~Jed 5y, lhen in either ur any wch e~ent 1he said ag
- gregate sum mentioned in said prom~ssory nore then re+naining unpald, wiih insere,t accrued, and all moneys secured hereby, shall betome due and pay
able for~hwith, or thereaSter, at the opticn of said A!ORTGAGEE, as tully a:xJ compfetety as if all of ~he sa~d tiums ~~f m.oney were originally s~ipulated
to be pa~d on such d~y, anylhin~ in sa~d prom~siery not. or in U~is h5ertgag~ to the conlrary not.vithetanding; ar.d ihereupon or thereafier at the option of
said MORTGAGFf, wii~,out notice or dem~nd, suit a! law or in equity, there~ore or thereafter begun, may be prosetuled as if all m~neys secured hereby
had mawred prwr to its institution. ~ - _
7. That in the event rhat at tha beginning uf or at any tin:e pendi~~g any suit upon ~h+s Mor:gage, or to toretlose ~it, or to reform it, or to enforcz
payment of any ciaims hereund_r, said t.10RTGAGEE shal! apply to fhe Court havir.g ju~isd~rion theico! for Ihe appointment of a Reteivtt, wth Court shall
forthwith appoint a receiver of said ir.o+tgagcd prop~:ty aI! and singular, inc:ud:ng all and singu~ar the ir.tome, profits, lssues and revenues from whatever
source derived, eath and evcry ef ~rh:ch, it beinQ exptess!y unde~stoed, is F.ereby n:ortgaged as if spec+(ically set (orlh and desuiEed in tht granting and
hnEendum clauses hereof, and wch Recei.er shafl hava all the brc3d and effece]ve fu^ct:o»s and powers in anywise entrusted by a Court to a Receiver, end
suth appointmen~ shatl be made by such Court as an adrnitted equiiy a~d a matter of ahscl~te righi to said MORTGAGEE, and without . reference to Ihe ~
adequ~cy or inadeavacy of the vaiue of 1he property mortgsged or to the soEvency or inso(yenty of said fAORiGAGOR or the defendants, and that such
~ teros, prafi~s, intome, issues and revzn~es shai! be appiied by such Receive~ accerd~na to the lien or equity of said MORTGAGEE and the practica of svch
. CourL _ -
8. To d~ly, premptly and tully perform, discharge, exzcute, effect, cornp~ete, wmply wi~h ard abide 6y each and every the s~~pulations, agre~ments;
conditions and covenanrs :n sn~~+ prom~ssory aote and ~h;s morrgage set te~th.
9. 16at in she ev~r.1 the ownership of the moitgaqed premises, or any part thcreof, becomes vested in a pe~son ot!~er than the MORTGAGOR, ths
MORTGAGfz. ifs svccessors and assi3ns, may, v.i~ho~~ ~ot~ce :o ihc 1.tORTG~OR, deai w;:h such successor or successor in interest wiih refere~ce !o this
mo~tgage ar.d the deb~ htreby secured '+n the same ~;~s~~n_~ as v:~~h 110rtya3Gr vi~lheut in any way vitiating or d~scharging the Mortgagors' liability here-
undzr or u~.on th~ d_bt here~~ s~cvre~J. i`1o sate of tt:e Hre•~:ises hcrcb~ mortgaged and no foroenrance on the part of ~he idORTGAGEE or iti successors
or assi9ns and no extension oi the lime fur the payn:ent of tt.e dab! h~rehy s~=cured given by Ihe h10RTGAGEE or its successors or assigns, shall operate
lo re~ease, d:schorge, mod:ty cF.ange or affe.t the cr:~~na! IiaU:i~ty of the N~ORiGAGOR herein, either in whole or irs part. i
10. It is spec~f~caf;y agreed that tim= is of the esser.ce c~f lhis contratt and ~ha1 no waiver of any obligation here4mder or of the obtigation se- ;
cured hareby shall at eny time tfsereafier bz h~•Id to be a waiver cf the !erms hereof or of the instruritant secUred herby.
I1. In a:;~•tEo~ ~o the fo:ego'i,g month!y pay•n>ms of princ'p41 tr.d interest ~equired 'oy the prom~ssery no!e secured hereby, mortgagor covenants
and agrees to pay ~o n;ortgayee v;i~h eacn rno~!hiy. pay., ent an add~~iona! so.n estimated by mortgagee to 6e equal to 1/12 oi t~e annuat cost of the follow-
_ ing: • .
A-A~1 ~eai }:roperty ta,ces I~+~:;'. or a:s~ssrd ~g~~ :st th~ ahove desn~bed r_31 estate.
B-Prem~~~ns on f~re ar.d vrir.dst~~m i13U~LfC@ ~~S ~~2•'CK1 req~~;red to be tarried on fhe improveme~5s situate on th~ above described premises.
C-Prern~v~ ~s cn su=h mo~tn~gc cuararvy i::svr3r.c~ as mcr.gagee shaU tro:n t:me to :ime deem fit to carry o~ the loari ~,~cured hereby. '
htortgagec s~.'+ frcm !~n-e to t~:r:e na.~iy ma+tyagor ~n vrr~t:ng of the amaunt dve and payable hereunder and such surn shail thereupon be due a~d
payab!e on th•_ due date ofi ~hz r.ext monthiy payme~! a,:d each svccessive month thereafter ur~til mortga~ee shall notify mortgagor of a cl~ange in i~ch
amovnt: Such sums s~a;i be apnl;ed by rncrtgagee lo:vard the payn:ent of reaf property taxes, iasurance p~em;vrt.: and mortgage guaranty iniurance
premiums.
IN ~'/~TPlESS `::HERcOF, tn sa;d tJ,ORTGAGOR has herevnto set h~s hand and seal Ihe day an year first sforesaid. ~
Si n d Sealed and.detiv d in !he pre nce •E: - - •
. 7~1 ~a~
. ~ R+0#It ~M'rR~ Je r r y . a ow ~sesi> >
Ct~fltK Ci?~~ • ' aq
- _ ~E~RD Yt~~~fE~ .drey : Barlowe _ ~~ai~ `
. F
_ STATE OF FL6RIDA - ~ _ ~ ~ ~ ~ I I ~ ~ -
COUNTY OF St . LUC 16 ~I~~
f Jerr C Barlow e ~
- Be.cre me personatfy appe~red Y__.'-_ - and
• _ Audrey G• Baz low e his.wife, to me wel~ knovin ard knoxn to me to be ~
the individuals describzd ~n and v~ho exx~ted the foregoing instrument, and acknoviledged bsfore me that they executed the same for the purposes i
~ Audrey G. Barlorue . F
~ therein e:cpressed. And the said ~
- viife of the ~a~d Jerry C. Barlowe , upon a separate and private :
- exam~nat~on by me taken .sep.;rate. and aµart from her said husband, acknoN•ledged 1o and befo~e me Ihat she executed said instrument freely and vol~n-
: larily and w1:ho~t any compufsion, constraint, aopreh/en/si~on.~,.yo~r fear of ~r from her said husband. -
E V/1TNcSS my han~ and official seal th~s__-L~ day or June - A. D. 19 75 -
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Notary Publit in an r the tate of ida dt Carge _
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. _ My Commission expires: ~s
Retum To: .///~a ~/,i~
Fi:st _ federal Savingi E Loan Aswciat:on ~
j `~7~ j
- . - ~
Of Fa~t P.e:ce. .
Forr Pi?rce, fiorida . . . ~~•"`s~lj.,~ ~
~ _ _ F
4 " • _ • - , ' :
_ v - . . ` - i
E : l.tJ:~. • .
; _ _ This Instrument Prepared By John W. Col lins - ~ - - , ' ' - s
First Fe~era{ Savings 8~ loan Association = ; '~`t ` ~ - : ` ~ r • ~ ~ _
~ of Fort ~ierce ~ FloYida - . . ~~~~~f~ - . _ - ~
f . r'~ - ,'~••~~~Vttt:: -
~ Checked Ry -~r
~
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i '!t~i~~n~i•:~~ -
~ ' . .i . . . D~R~~ r/~~~~
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' ~ . . . . . . . . . - - - ~ - ~ - - - .