HomeMy WebLinkAbout0067 3. To place and co~vinve~:sly kecp on the b~~~'dln9s r.e~v or herrafrer sir~a!e on s~ld iand a"d o~ ai' c•q.:~~~'~-nt ard perscns!•y cove~ed by this mortg-
age, with all premi~rns thereon pa d in full, f:~c i~,surance in the us~al s~and~~d policy torm, in a swi~ a~:prov~~d b, !ha ,1AVic'~~~iGEE, ai:d ~nindstoim
infurance in the ~wal standard poi.cy fo~rn, in a s~m appio~ed by 1he MORTGAGEE, in s~ch tompany or co~n~~an~es as the A1pR1GAGcE may
dired; and all fire and w~nd~rorrn inii~rante po!~c~es on any of said build~ngs, any intereit thefein or ~ert thereo(, in the aggr~gate s~rn atoresaid or
in ezces~ Ihereof, shall ~ontain the usual sta~;dard r:ortgagee u~~use or such ofhcr dause aa the Mortyagee ni.iy requ!re, making it,e ~oss undar sa.d poli-
eies, each and every, payab!e to ss~d h1pRTG.AGEE as ~rs inieres~ nay appear, and eact~ and averv such po ;cy ,~~a;! ue prompt,y aas g~~rd ai;d de~~vcied ro
eny hefd by sa~d A10RTGAGEE as further secur~ty to said n,.rtgage deb~, and, not ~ess than ten (10; dsys ~n adLance ef the exp!ratien of each put~cy, to ~a•
livet t0 said MORTGAGEE a renewal the2of, together with a retript 4or ihc pr~~:iium of s~ch rznc,na!; a,id thrr~ sf~all be no t~re e%r ~vin'Js'o''~: ~i~s~rancB
placed on any of seld build~ngs, any in!erest thrre~n or part rhereof, un!ess in ~i,e fo,nr~ and w~th the ioss PoydUl@ as afo•esa~d; ar,d in rhe ~~~ent any w~n
of money bccomes payabte under such pollcy or po~ c~es said MORTGAGEE shall have rhe op~:on ro rct_~~~~~ ~~~d ap,•'y th~ sa•ne on acco~:» of the ~~~deb+cJ~
ness secvred hereby or to permlt sa~d MORTGAGORS ro recel~e and uze rt or ~.,y pa~r th; ~eoi io~ o~~, ,:s,s. ~F:
ing any eq~ity, licn or right under or by virtue of this rnortga~e; and in ihe event snd ~N0~2TGAGORS sha!t for,any reason fail to keep the said przmiscs so
insured, or fail to deliver prornpt~y any of said politirs of inns~rance to sa~d MORiGAI"aEE, er f:,~: pron,F~t!y to E ay `u,ly .;ny p.,,,,`~.:',~ ~hcic•~ur or m an~
resped fail to perform, discharge, exec~re, effat~, con~plete, co:nply wi~h and abide by th~s covenant, er a~~y pa:r t;areof, s~ld M'.:2T;,,~GEE ~nay p~ace a.~
pay for such insuranta or eny part !hereof witheut waiving or affec~inc~ any option, lizn, eq~ity, or right under or by v~rt~e oi :h~s ,titiortgag~~, ar,d the
fuil amount of each end eve~y such payment shal~ be 6~n~ned~ately due and payable and shai! bzar i;iterest fro~n th~ data th~re^f :::~til poid at the ra~s of
nine per cenr~~m per annum and !o~ether w~th wch i~~terest shui~ be sacoreJ by the lien of th~s mortgagc.
4. To permir, comrnit or suffer no waste, impa~rm~~nt or dete: ~oration oi safd property or any part thereof.
5. To pay all and sing~lar the coats, charhes and expenses, lncluding a rc•asonab'e atrorney's fee a^d cesrs of abstracts of titie, inr~rre;i or pa:d ar
any time by sa~d MORTGAG`.[, because cr ~r the evem of rhe fa!lure on fh~ Part oE ihe sald M~RTGAGOR to duly, pro'rpriy and f,,:;y perfvrn,, d~schargr
execute, effect, complete, comp!y w~th and ab:dz by eacn and every the st~pufaiicns, agree~nrnts, tonditions, and rovenan!s of sald prorn~ssory note a~~.d il~~s
mortgage any or ei~her, and sa:d cosrs, cl~arges and expenses, each and every, shali be imrnedi;tefy due and payab!e; ~nhe!her or not there be nor~ce d_-
mand, atternpt to collect rr suit pend~ng; and the foil amount of each and every such p~ymen! ahaii 6v~r i;~terest fro;n thc date th~re•of ~r.tii pa~d at ti~e
r~ie o! n~ne per crntu~n F;~, anru~n; anc a~~ ~aiJ cosfs, cnarges aad ~x;;er.ses :ncurrzd or paid, togethar w~th wch inter~ar, st;ail be secured by the I~en of th:s
mortgage.
6. TFaT (ej in ihe event of any breach of ihis Mortgage or defau!t on th° part of thc h10RTGAG02, or ;b) in the event any of 13.d s~ms ef money
herein referred to be not pro~npNy ar,d fuily paid ~v~~n~n tt::rty ~3Ji days r~ext att::r the san~e sz:ora:ly becon_• due and payab".e, w~thovt dem~nd or r.ctice,
or (c) in the event each and every the stipu:ations, agreements, cord~tio~is and covenants of sa.d promissor~ r.c!c and th s e:urtgage any o~ either are noi
~uly, p~ompNy and fully performed, d,stharyed, exec~ted, effec!ed, comofeted, comp,!ed with ar.3 ah~ded ~y, tnen ~n ~~~her or any such evem the sa:d ag
gregate sum mentiuned in sa~d pron}issery not~ then remaining unpaid, w~th inre~e~~ accrued, and ail mor,eys secured hereby, shall become d~e and pa~~
able forthwith, or thereafter, at the cptivi of s„~ MORTGAGEE, as fuily and comp'eiely as if a11 of ti~e s;,'d s~~rs oi mcney were original!y st:p~:arrd
to be pa:d on such doy, am~ihing in sa.d pro r.~sswy note ~r in this Mortyage to the comrary noh.vi~F,sr3r.d;~~y; and therevpon or ihereafter at the opt~on of
faid MORTGAi,EE, witheut notice or dema^d, su~t at !aw or in equity, therefore or ihereaher beg~m, may be prosecuted as ii a!I moneys securc~! hereby
had matured pr.or to ~ts instrtutian.
7. That in ihe event thet at the beginning ef or at any time oer,d~ng any s~ t upo~ rhfs Mo~tgar7c, or to foredcse it, or to reforne ir, cr ro enforce
payment of any daims here~nder, said MORT~AGEE shail ;pp':y lo tF:e Court having ;ur~sd ctlor. t%~~:reo! fer tf,e ap,~. ntincrt of a Recciver, s~cli Court shsil
forihwith appoint a receiver of said mp~tgaged properfy a!I and sing~lar, includ nq and s~~+~v;ar tt.e i:~carie, F~OIi!5, ~SSu•.'S acd rever,~es from wh.3t~ver
seurte derived, each and every of wh:ch, rt be~ng exp-ess'y ~ndenioed. is Ferely menga;~d as ~f s, ec~fic:;~:y sef for.h and descrlbed the y~ant~n~ and
habendum cla~ses hereof, and such Recziver shaVl have ail the t~ead and rffeci.ve {uCC~ G^:5 df.(j ~ O:.C.'S in anyx~se entr~sted by a Co~~t to a kec~•i.er, a.d
s~:ch appointmc~~t snal~ be mad~ by such Court as an ad:ritt~d equity and a roatter of abso:ute rlyht to sa~d .h'~ORTGAGEE, and w+!h~ut refert-r.c< io t1,~
adeqvacy or inadeq~acy of tFe val~e of fhe properry mortga9ed or to the so.vency or inso;.r,cy of sa;d M1CRiGAGCR or t!~e defe~,d:jnrs. a~~d rn;r svch
renrs, profits, incorc~~, ~esves and rever.ues shali be appi:cd by such Receive~ accord,ny to the lien or equ~ty of sa~d ~r10RTGriGEE a~:d the pract~ce of s~cn
Court.
8. io du'.y, prompt!y and iully perform, disch~~ge, execute, eifec', comp;e~e, co:i;;;iy 1v~tF. and ab:de by each and every the s'!p~lat;ons, agreerT:ents,
condilior.s and covenants in sa~d promissor~ note a~:d th;s mortqage v_t for,h.
9. That in th~ eve ~t t~e owrership uf the mortgaged pren,~ses, or any part ?^en_oi, b:co~nes vrz'ed in a person c±her ~han th~ MCRTG4GOR, the
MOoTGAGCE, its wccessois ard ass(gns: rna~, w~+houf no~ic: !o the h".ORTGAOR, deal •.vlth s~cF~ suc.essor o~ s_:cessor in :nter_st w;rh refe~~n,e to th,s
rrorrgaye ar.d tha dru! hereby secured in the same ~ri~'~r•.e! a5 with hlortyagbr '.tiftho~~t in any w.;y vit a±ing cr d:srha•g~ng the ,'.1ortg~g~rs' lia'oility hcre-
~nder or ueon the debt iv.~eo~ sec~red. Nu sa'_ oi tr~ry c•e^.~•~ses h:rebr mortqaq~d erd ro fc~bearance on tne part of t!,r /.10RTG:.GEE or +ts succe>sors
or ass~gns and no exrension of rhe rlme 'or ?he payn,e~~~ debf hrreby sec~~red gi~en hy tnc• '1~vRTGi+GcE er ~rs svuessors er ass,gns, ol~ail operate
to re ezse, d.scharge, mocllfy rh.~r.~~ affect the or:g,nal iiab..,r; oE thc~ h',ORTC~AGOk i~,erein, eitfzer in who~e or in part.
1G. It is spec~'icai~y agrred that t~me is ef the e~sse~ ce of this conua;r and that no waive: of any eb::natlon hereunder or of the ob'igation se-
e~red hereby snalV at any time riierea`ier F;= hcid ro bc a v:a~vc: ef rhe t>:ns hereof or of the ir~svru~~em secured herby.
! ~~tr r~~~~;,!r~.d L rhe o^.ssc s_. ed h:,,•_b •nxt a, c~:erants
i l. In J Ic 'o tf ~ Torc •n Y F_ o;•r c^,al a^d i s ~ / F' '1 ' ~ > 9 3~.
an~ agr~e5 to'ra~ 10 t~:.yee r.~ h~~.~ :unih~.~ r.~ ~c+ a a:1o:~.on:7~~ su n~~s!,:~..c~~ U~ n~o••y~y.'., to i,a eca~..~i^to 1 12 of t~ ~..i.-_,;:a! cest oi ih~ foiio~.v-
ing:
A-All reai Frop.,rt~ taxes I~r:i:.:'. or ass~.st~_,;~ ~g,;.,s• t~~:_ ak>~~:e c!._:..;t,d .._3t et'at,,.
B-Fr.:rr..;ms on {ire ard v: rdsio'~n insu~~r,r as i,,• rcq;;•.,d to b~ carrlcd cn tl:~, ;.~pv~a~ie.~is s:t.~a': en e. ~o.c d~:c•.f,~d pre^i ses.
C--Pre;r:~ r s on such m,ort~.:ge guar;nt~ :r.s..ra~ as ~.o•r~,~~.,e SV~3!; ffC'r ~ _ ro . a__r•i fit ro corry en _..an s c--cd h,~.ei~r,
h",ertaaace sh:3'i c•cri ti,::_ to t.,•e re: c,~.:3_~ .r ..~.rl: g of thr ro.:~~ d_~.. a~~d payai>',e h~reundar ~nd s•~ sh:,. r ;:on be d~e a~~d
Fayab!e on tn_ rJx date o` th~ r~xt :no~tF..~ e~y n,ar;t a~d e-ch s„~ccessi:e ih .,,_.cafr_r !i~ m~rrg,~ee _ . no!,ff `~no'•_~ ~ or,of~a cF~an~e in sc h
..^~~,ovnf. S~:h sw*;s qt•a~,~. e e ~t~:icd by i~.c•tg.~~.:~ to:::rd th~ pa~n~~en~ of re.•-.' ~;rcG~~rt~ taxt-sr ins~~r3~.~: pre-f ~urns. a':J ~ 31~?e y~.:aranty ins~rar,ce
~;ren,iums.
IN `;JITPJE55 'ER~OF, th~ sa~d h',ORTG.~~.~R has h~reu~to se! h:s h=rd and ->c;~ ti~~ day and year firsr aFcr-,s=;d.
Si red Sea' ar.d i e ~re eoce of: / /j ,
9 ~ 3 k ~he~.~f~J'
J~ ~ ~ o --(5eni)
~ ~ ~ __(Sea I)
~ -
. ~ ' /'f/ y,c.t~'~~'T-
. _ ` ~ -lSeai)
!Seal}
SiATE OF fLORIDA ~
SS.
COU'JTY OF ~
Before me personally appeared v~''~f~T'] P¢ a+ i?F~T~i ~#:(~n _ and
!'~;;~11L'~~ A,'fll ~ yi,Qn,___~.~~ _ hts wi(e, to m? well kncwn ard kno:vn to me to be
~he ind~viduais descr,bed in and who executed the foregoing instrument, and acknowledged before me that they exe:used ths s~me for the purposes
rheiein exPressed. And the :a~d_. _ Ade i.j'-e ~~.I~1!~tOT~1
n-ife of the sa;d -~'{}t}{~-~g.$_-.~T~;..g-F~}~~-~-~1 upon a sepa~ate and private
exam natbn by me i.aKen se~arate and apart fran her sz:d husband, ack~~cw'edged to and he`ore me that she execu'ed sa~d irst:u:nent free;y a~:d vo!un-
tarily and w~thout any co~~p~~'sion, censrra nt, apprehenslon, or fear of or from her said 'nusband. ~ ~
l •t'r-~ t•~y
WiTNESS my hand and offic;al seal th~s___ - t------ d~y of - A. D. 19----
a ~1'~:?-~ , ~ -
, . , _
! ~ W j Notar Pub'ic in and f~r the tate of F!orida at lar e
+~a~
'.;~y~vmm~ss~on exp~res: Q' 9
Return Te: t ~
First Federal Savings 3 Loan AS3CCi.:t:On
or f ~td~E~ trOiJ;~r'F; - .
FILEb.A~V c~r c - -
~r1 ..~.BOOK : a~~:~ . _ _ _ _
- . . ; , _
'65 M.~Y f y PM 2 : ~i 8 _ ~ _ . .
, , - _ . .
ROGER i~01 i i~AS. CLER~t" : . _
ST. LUCIE COUNTY ~ ~
. , . .
FtORIOA ~C, ~
~ ' ~ ~ ~~.r '
~~~K~1~ "
- ~ ~ ~
~d ~ ~