HomeMy WebLinkAbout1445 3. To place and caminuovsly Aeep on tha oui?u+in9s now or }~~ma(ter situa!e on sa~d land and on all equipmenl end persanali~ =overed by Ihit mortg-
sgs, with al! premiums Ihereon paid in futl, fire infuranca in 1!ic „iu3t etendard poli;y (o~m, in a sum opproved by Ihe MORIGAGEE, anJ windstoim
icsurance in tha usual sland~~d pol:ty (o:m, in a sum approved by tha A10RTGAGEE, in fuch tompany or compa~iet ss t~a AICRTGAGEE mey
direcl; end atl (;ra and ~v~ndstorm insvr~nce po;~cie~ a.: any oi sa~d 'o.~i~d~~~~s, any inte~es~ Iharein or p~~t thercwf, in the aggrefla~o wm a(oretaid or
in excess Ihereof, shall contain the usv~l sw~id~rd mori~agea claute or tuch o:her cla~s^ as ihe blortgayee may req~iro, making Ihv loss unJer seid poli-
cies, eath r.nd every, p~yabte ~o said h!URiGAGtE as ~~s ~ntcrva! may appear, and each and e.~ery such po!~cy il~all be pr~mptiy ass gr~ed and delive~ed ~o
any he!d by iaid /.10RiGAGEE as (urther security to said o~orrgo~e debt, end, nor Irte ihan !an (1Q) daYs in aJrance o( the expira~ien oi each policy, to de-
liver ta said h10RiGAGEE a ~enrwa! thereof, toge~her wi~h d fGCA1N1 for Ihe p~emium o( such re~rewal; end thrre shall ba no lire or winds~orm insurance .
alaced on eny ol said buildings, any interest thero~n or pa~f ~h:rcof, un!ess in the (orm and wilh Ih.; loss payab!c as aforosa~.~1; arKi ~n the evenl any sun F_i
of money becomes payable under such poticy or pol~Xies s~~d h10RiGAGEE shal~ heva ~ha opt~on to receive and apply iho same on ac<aunt oi the~indebted-
~rss secwed heret;y or to pennit said I.10RTGAGOP.S ro receiva ar.d use il or eny part ~I~_~~of tor oiher pvr~•osrs. ~v~iho~t ih~rco~ wai+in3 cr nnpair-
tog any eqvity, ;ien or ~ignt under or by virwe of ~his mcrsgage; and in Iha even? sa:d A1:IRTGAGORS shall (or any raason tait to keep the said premises so
- fnsured, or fail fo dclivcr promptly any of said ~~clkies of insurance to sa?d r~10RIGAGf E, or fail promplly to pay {ulty any premium Iherefor or ?n a^, •
respect fail to per(orm, Jlscharge, execute, effect, conep!etr, comply witn and a~:de by Ihis covenanl, or_ any parl hrreof, said MG'RTGAGEE may p~rer and
pay (or such insvrence or any put thereof w~~hovt ~~n•a~ving or aifeUing any opti~n, IiPn, equlty, or r~ght vnder p~ by •rirtue of this Mortgage, a~d the "
lull ameuni of each a~d e~~ery such payrr.ant sh~ll L•e immediately due and payable a}~J shall bear interest iran the date ~hereof vntil ptld at !he rate ol
nine par centurn per annu:n 'vi~d togethcr ~tiith wch imerest ahall ba secured by Iha lien of this moetgaya _ ,
4. To permil, commit or su((er no was?~, imoairment or detr<<oration of sa~d propcrty or any parl thereof, .
5. To pay a!I and singular the costs, charges and expe~~ses, inctud~ng a recscr,ab!a atiomey's fee and cosis of abstra:is of title, int~rred or patd a1
any lime by said h10RTGAGfE, becavsc or in the evenr of Ih~ fa~!ure on ~he part_of th? said hlOiifGAGOR to duly, prompNy and fully pertorm, d~scharge.
execute, e(feu, compiele, comply with and ab:dr 6y each and every the stipu!ations, ag:camems, cond~tions, and covenants oi said pr~missory no~e and this
' mortgage any or eiiher, ai~d sald costs, charqes and expenses, each anci every, shnal be immediatefy due and payabfe; whether or not there be notice da
man~, atrempt to, coL'ect or suit pend~ng; anrJ the Full amount of each and every svch paymeM shall bea~ interest fr~rn the date thereot until paid at fhe
rate ot nine per centv~n ~:er cnnu:~~; an~+ ai! sa~J costs, charges an~ c{t:_•~~srs ~:xurreJ or paiJ, ~ogether w•~Ih such interest, shail bo securtd by tF.e iien oi tF.~a
mortgage. .
- 6. That (a) in thr cvenl of any breach of Ihis hlortgage or dafault ~n ih= pan ef the MORTGnCnR, or (b) in the even? any af faid svms of money
Fer~i~ referrrd to be no1 promptly and fully paid within th~r~y (30) days next aieer the same severatly become due and payable, witlraut demand or notice,
or (c) in the event each anJ every fhe st~pula~ions, agreemems, conditioas and covenan~s oi sa:d p~om7ssory nole and th~s mortgage any or e~lhet are not -
~uty, prom~tly and fully performcd, d~s:harged, executed, e{fec~ed, canpleted, co:r.pl:ed wi~h and ab~ded Sy, lheri in eilher or any such event the sai~ ag
- gregate sum mentianed in sa~d ~ron,,ssory ~ote then remai~;ng u~ipaid, wiih intere~t accrued, and atl moneys secured hereby, sha~l become due and pay
abte (orth~vith, or thereafter, at the o~ticn o4 said A10RTGAGEE, as f~lly and comp:etely as if all of the said svms of money were originally sl~pulated ~
- ' fo be paid on such da~, anything in sa!d prom~ssory note or in this hlortg~ga to th? co~~Trary nohvithslandiny; and thereupoii ot.theteafter at the option of
said h10RTGAGEE, withaut notice or demand, wit at law or in equity, there(ore or th_reaiter begun, may be proseculed as if all mooeys secured hereby
had matured prior to its institution. - •
7. Thai in the event that at the beginning ofi or a~ any time pending any su~t upon this 1~4ortgage, or to foreclose if, or fo reform if, or to_ enforce
_ paymenl uf any claims herzunder, said A10RTGAGE: sha,! appty to the Co~it having jur~sd;ction thereof for the appo~ntrt~eN of a Receiver, such Couri shal)
Forti,with .ppcim a recrirer of sa~d mertgaycd prop~rly a!1 and singvtar, ir.dud~ng a;! and a~ngular the inzome, Frof~ts, issues and revenues irom wha±ever
source dcr~.•ed, each and e~ery oi wh;ck, i~ heing express!~ undersroo:f, is hereby rt.~ngaged as if agecifically set forth and described in the granting and
habendum ciavses hereof, ar.d s~~ch Receiver sha~l have alI the broad and eifea~ve ivect:one and pov:ers in any~v~se entrusted by a Court !o a Receiver, and
such appoinrment shall be made by svch Court as an admirted eq~ity and a matter oi absolute. rigM to sa;d MORTGAGEE, a~d without reference to tht
adequacy or in.adrqJacy of the vaf~e of the prope~ty mortg~c~ed or to the so:ven;y or ::~soivency o( saiJ /~10R(GAGOR or ihe defendants, and that svch
' rems, profiu, ir.ceme, issves and tevenves shall be r.pplied' by such Receiver ac<erd~ng tu ~he lien or eqvity ~f said l.10RTGAGEE and Ihe prattice uf suth ~
Court. -
0. To du'y, FrcmF:Ny ar,d fully perForm, d~s:F.arge, execute, effect, comp!ete, cornply w~th and abide by each ar.a every the stip~lntions, agreements,
eonditicns and covenants n sa~d prerrissory nofe and this mortgag~ set (orih. _
9. Tnat in the e~e~~ the o,vnersh~p ef the morig+ged premises, er an~ pa~t fhereof, becomes vested in a person other than thr h50RTGAGOR, the ~
ASCRTGAGC., i!s successors. and assigns, may, vi,~hcvt netice !o tha .'.OSTG:.:~R, deal with such suttessor or successor in interest w~Ih re(erence fo this
mortgage ard t%;e d;b~ hereby aec~red '+n the same ma~~ner as w~th f.!crtgsgor wilhout in any way vitiating or d+scharging the Mortyac~ors' liability here-
under or v~on th~ d=bt Fi_reb~ s^cured. ~:o sj;~ o! the E:temiSes hcreb; me:tgaged and no for6zarance on the part of the /AORiGAGEE or its s::.tessors
pr assi9ns ard no tztens:on Qf the tin:c for tha p,~yn:ero oi the debt here!,y secured given- by the I1~ORTCAGEE or its svccessors or ass~gns, ahall operote .
to releasc, d;scharge, mod~fy chang?_ cr afiect IFe crig~nal liai~:i~ty oi .tt~~ RtORTGlaGOR f:erein, either i~ vwhole or in part. -
10. It is soeulically agreed that time is of the essente of this contract and that na waiver of any obUgatiun hereunder or of ihe obligation se-
tored h~reby sha!1 a~ any tin:e thereafter be he!d to b_ a waivcr of tht te:ms hereof or of the instr~ment secwed herby.
11. In ad3.t~ai to tn: foreae~n3 monfh?y oayr-~c:nts of princ pa+ ar.d imerest requireJ b~ the prom~sscry nore secured hereby, morfgagor covenants
; and a9rces to pay to mo:tgagec v:~th each munfhly pay~nrnt an edd~ricnat sum esl~ma~ed-by mortgagee to be equal to 1 f 12 of the annual tost of the follow-
'ru~: - - - - -
A-Ail rea~ p~operty taxes lev~=~' or assessecl aga:•~st tt~e ahove descrited real estate.
' B--Pren::~~c:s o~ fir. anJ wir.dsro~m ir.sv~~r.ce as herc;n requ;red to ce carried on the improveme~ts s:tuate on the above desc~ib~d premises_
C-Prcrriu~.:s o~ wch T.Lf~3>OP guaranty ir.5ut3t:C~ 05 ~nOIt9~~~t shall frem Gme +a time deem fit to carry on the Ioan securc~ F~ereby.
ortge~ee sha:l .'rom time to t~n:c ro~ify rr.c:tgag~r ~n ivr;rinr~ of the a. o~n! due and paya6fe_hereundu and such_sum shall thereupon be due and
payab!e on tha due ca!e af th~ next mooth:, payment and each s~.:.cessive momh rhzreaft~r urtil mortgagee shali r.otify no~lgagor of a change in such
amoum. Such sums sF.ail be app~ied 6y rnpr!gagee to.var~ !he payment of real property taxes, insurence prem;~ms, and mortgage guaranfy insvrance
premiums. - '
i
IN V~IT,JESS 1:HERcGf, the sa~d IdORTGkGOFc has hereu~fo set his h3r.d and seai the'~ay and first aforesaic~
Signed, Sealed and delive:ed in the presence of: f EO A~~
- f7,~~r~~ F ~L~I~f%~/u~/iZC~/Y~ (Sean
~ RO~ER Pa1TRAS ~ mond C. Edd eman -
T-~( C~,EAK Cf~~~!!T ~4URT . (~a~) -
~tE~RRO YERiFtEO ~ ~ .~~(Seaq
V' ginia . E dleman ~
I ~ 2~ ~M'75
5?ATE OF FIORIDA - ~ ~ ~ . .
t• $t L.UC 12 t ~ (~f~Q ~
COJ.JTY OF _ ! V~°.tVV~ ~
, _Raymond C. Eddleman a~d t
Bafore me p=rson::.fy aPFeared
_ 1/liginia A. EddlQman - h;s wife, to me well knawn and known to me to be i
, the individunts desuibed in and •r:ho execuled the foregoing instrumenl, and atknov+fedged beSo:e me that they exetuted the same for the purposes
therein expressed. Ano tF~ :a~d Dirginia A. Eddl@IU1A _
wife of the sa~d ~ Raymond C. fiddlecnan ~ - `
_ ~ upon a sepnrete and private
exam~natian by me taken sepa:a:r ar,d apart from her said husband, ackrto•x?edged to and belore me that she execvted said instrument freety and volurt-
tarily and w~thout any compu!sion, constrzir.f, apprehension, or fear of or from her said husband. ~
V'~ITNESS rr~y hand and official seal th:s-~0 ~v _ 3ay o? - June ~ p. 19 7S
- .~~.tcL ~
~ ~ _ Norary Public in an r the State of Fiorida at large
~ • - • h1y Commissian ' u
' : Retum To: _ ~
. first Federal Savings 3 Loan AssxiatEon . _
t
Of forr P~erce. - - Norory ?yd~. ~M~ of flerl~ ~ b~ - ~
: Fort Pi~rce, flcrida ~r ~ann~issia+ 6~p;r~s Ott. 3p, ltji . f
~ - ' - - ~ . ~ °°`}ded kY A+~N1~n fin 6 Calyp~ty ~ ~
~ . - . _ - •.t.~` - ~
= t ~
This Instrument Prepared By ,Iohn W. Collins -
First Federal Savings 8~ Loan Association ~ - - f,
of Fort Pierce , Florida _ - ':a~ ~--t a
j~ _ :
; v~ '
0 R A( ~.r~ b . ~ ~~5~ _ .
Checked By ~~OK~ZV f'/~~f14~4 ~~~?si~~~l' " "
. ~ `j<~., . :
• s.
~ " . ~t .1 ' • ~ ~ ~ ~ ~
_ ~ *.i~ . ' "'a••~, C~
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~-r ~f -
- t~ _ ~ < t ~,~~7 `
. . _ ~ _ ~ .
_ - ;1': ~'_~~~tr:~. -