HomeMy WebLinkAbout0319 3. To place and cont~nuo~sly teep o? the bu~'d+'nqs now ar hereafter situate en s.~~~ land a~ d on a ~q..~e r~.~m dn.~ perSOnd"y covered by thin morlg-
sge, with ell premi~mis thereon pa•cl in full, fire ics~~rai~ce in ~he usual star.d~rd po~~cy form, in a s.•ei 3~~pto~^.1 b~ tha ~~1VR~~~:~vE[, and wiidsto~m
insurance in thz usual ~tandard po1 cy form, in ~ s~m appro.ed ty the MORfGAGEt; in such comuany ur companles as thr h10RTGAGiE may
dirott; and ill fire and w~ndstorm insurance polic,c•s on a~~y oF said build~n~s, any interes~ ther~~in or pa~t Il~ereo~, in rhe aygr~ga'a wm aforesald o~
in ezetss IhereaF, shal~ :ontain the ~sual standa+~ mo!tgag?e clavse or suth oiher c!~use as the Mort9a9ee may requ,re, making rbe ~css ~nd~~r s~d po!i-
eies, rach and every, payab!e to sa~d M110RTGAGEE as ~ro irner~st may a~pear, and each a~id e~ery s~ch Fo'kp shall he p~ompily assg~~ed and de:ivered ~o
any held by aa~d MORTGAGEE as furrher sccurfty ro sa~d mortgage d?b~, ar.d, nor !ess than ren (10) days i:~ advance of ih~ explrstic» of each po!~<y, to de-
liver to said MORTGAGEE a renewal thrrrof, together wi~h a rece~pt for the premiiun of such ren^v.a'; a~:l tt~ere s1~.ali be no f,re or w~~~ds~o~;,~ ~:~s~ran;e
placed on eny of said buiidinge, any interest thare~n er pari thereof, u~~lrss in the fornz and w;th the icsa payab!e as afcresaid; ar.d ;n the z,~ent any s~m
of money brtomes payeb(e under s~ch policy or poGc~cs said MORTGAGEE shail have the opt~on to r_o:ive a~':d :~pF~:~ ths aame on a,count of tn~~ indeutc•d~
nesa secured hereby or to perm~t said MORTGAGORS t~ recei~e and use it or any ;"rt !t~:.:e:.~f t~~r c r i.~~; ; srs, :.:ii•s. t:>„~:. : n:~.,'7 c. ~~~p..:'-
ing any equ~ty, lien or right ~nder or by •+irrue of this rnor•gage; a~d in the event sa d h40RTGAGORS sha!I for any icason fail to kecp the sa'd pre~nit:s s~
insured, or fail to de!iver promptly any oi sa:d poi~c~es of insura~~ce to sa~d MCRTGAGEE, or io~: ,::omp!~y to p~y fu;ly any ~:~r.- ~~n ther~~for or in a•~y
respect tail to perform, d~scharge, execute, e(fza, complzt~•, co~npiy wiih and abide by rh~s ceven3nt, or any part h:reof, sa~d MvRi;vAGEE may p:ac, a-a
pey for s~th insuranca or any part thereof w~thout waivin~ or affec~ing any option, lien, equiry, ot r~gM under or b~ rrt~a oE th~s hlo~tgage, and the
f~ll amoum of each and e~ery such paymant sh3i1 be immediatefy due and paya6le and shail bear inter<~;t from tha date thereoi ur~ii p.,~d at rh^ rata oi
n~ne per tent~m per annu~n and toqrnc~r ~nJth s~~cii In!crest snsi~ be se,~red by thz lien o( th~s mortgagc.
4. To permit, commir or s~ffer no waste, ~mpairment or deterioration of sa~d property or any part thereof.
a. To pay all and singular the ro~ts, charges and expenses, inc;~ding a rea;onab'.e atrorr.ey's fee and cests of abstracts of t:ue, incurred or pa~d at
any timr by said MORTGAGEE, because or in fh~ event of th~ £aliure on the part of thz said h10RTGAGOR ro du!y, promotly and i~:iy per(orm, dncnarga
execute, eftett, comp!ete, ccmply w~rh and ab de by ea:h and ev^ry the stip~~lar:ens; agreements, conditions, and covenan~s of sa~d pro~r~issory note a~,d this
mortgage any or e~ther, and sa',d costs, charges and exnenses, eacn and every, shail be immediate~y due and payab!e; whcther oi r.ot thare bc notice d_•
mand, atternpt to coi;ect ur svit pend:ng; and rhe full cmo~nt of ea<h and e~zry svch F~ayment shall bea~ ~nr.~resi irom the dare ihereof un~il paid ar ~i,e
rate oj nine ~er centum pcr anno,~r anc ail SJiCI ccsts, cha:ges a~,.d cx,^.~~ns_s incwred or paid, together w~th such interest, shail be secured by the {ien of thls
mortgage.
6. That (a) in the eveN of any bieach of rhis Mortgage or defsu~t o~ ths pa~t eT rhe MORTGAGOR, or ;b) in thc evenl any of sa:d s~~ns of money
here~n referred to be not pro~~~utly and fvlly pa~d wiri;ir, th,rty ~30) days nert arter the same rvera'ly becan;; d~e and payabia, w~thout d-e:nand or nor~ce,
ar (cj in the evem each ar.d every ~he stipuiatiens, agreements, co.^.d~t~ons ~nd covenants of sa d pmn~issory r.ota and th.s mo-~tgace any or either are not
july, promptly and fuily performed, d stharged, execured, effec~ed, completed, :ompi~ed wrth and ablded Sy, then in e~ther or any su:h event the sa.d ag
gregate sum mentioned in said promissory ncte then rema~ni~g unpaid, N'i1Fi intera;t accr~ed, and a;l mcneys s~c~red hereoy, shali becorne due and pa~~
eble forthwith, or thereafter, at nc~ opr~on of s~~d ASv^RTGAGEE, as fuliy a~:a comp;e~ety as ii ail of ~h~• s~:d su:ns of money wcre or~g~naity st:pu',atcd
io be p~:d on suth day, anyfhing in sa d pro::i~ssory r.cte or in this Mortgaga to the comrarr no~.v~thstand~ny; acd thereupon or thereatter at the opnon of
said MORTGAGEf, Nitheut notlce or demar.d, suit at la~n• or in equity, therrfore or thereafrer begcn, n~ay be prosetuted as if 5:1 monejs secured hereby
had matured pner to ~ts institvtion.
7. That in the event thzt at the beginning of or at a~y time pending any suit ~pen th;s Mrtgage, or to foreclose it, or to roform it, o~ ro enforce
payment of sny dairns F~e~e~nder, saia MORTGkG~E sha!i app!y to the Coor~ havic~ iur~sci:c~:on :~~:_o? fer !ha anpo•rrt~r.ent of a Rece~ver, s:,:h Co~rt shail
forthwith appo~nt a re.eiver of said mortgaged property ali and singu!ar, inc:udng a~~ _~•d s~~>>~~ar t~.e +rcer.e, profns, iss~es ard rever.ves iran v„hstever
souvice de•ivea, each and every of whlch, it be~^g eip!ess:y ~nders!cod, is hereby r.~c'~9>.g_d as if spec,i~c~;iy sef 'orth and descr:bed in thc granti~~g a~•d
haoendum clauses hereof, and such Rece~ver sha i have a~~ the broad and af~ett~ve f~:;c' e:s ar.d pcwers !n anT~-Ise ent:~sted by a Cc~~t to a kece~ver, a~d
s~:ch appoinrment shall bc made by such tourt as an OG'!`:ticd cyu~ty and a rr~!ter of abso!Uta nyht ;o sa~d h'.ORTGaGEE, and w~rh.~r refercr.ca ro ti:e
adequacy or inadeq~aty of the vat~e of the properry moitqaged or to the so.vency or ~n;c venry cf said PAORiGAGOR or th~ d_•:e~,dants, and ~h;t s~ch
rems, profits, incorne, issues and revenues sha~l be appJe~ b~r s~ch Rccviver accord,~~g to the ~ier, or equiti of sa~d MOhTGAGEc and the pract~c~ of such
Court.
B. To du'y, prompt;y and (uUy perform, discharge, exec~!e, efiect, cortrcp!ete, cen:ply w~~h ar;d a6?de by each and every the st~pu;ations, agreemeMs,
tonditions and covznants :n sa:d promissa y r,ose a::d th:s n,orcga~e set forrh. ,
9. That in the event the ownershi, ef the mortgaoed p.'c^miSeS, O' d'~Y' ~~~1 therecs 6ecomes vested in a persen o!her tnan the MORiGaGO~, the
M,OR7GAGEE, its s~cc•_ssors ar.d ass~gns, may, ~sl'k'out nor.ce ;u the ;,',OKTG~OR, dea: w.+h _u:n succussor or successor in interest with reiere!ce te th!s
mortgage ar.d rhe deo~ hereby sec~red in Ihe same rt:ar•~o~~r as •~~i'h .':~or!3ago~ '+vltf~cuT in dny ~.vay vi;.atin~ or d~sCharg:ng the ~',cr+.g;gors' !iaoi:itr he:e-
under or upon the d~bt hcreo; s~:cured. No s3:: ef = c~er~s~rs h_rebr mortgaged ard r,e rwl•:earance en tF~e part et tf,z !:,CR?'vhG:E or i'; r~cce>sors
or ass~9ns and no extensica of the t~me fer th_ F;ayn.e~,f of tr debr h^-eby secured given b~ !he !.'.UR'GAG:E cr ~ts s~uessors or ass gns, >'~ail o;:erate
to reiease, d:scharye, modlfy cha;:ge or ~ffect the c:ig.no! ::~b: fy of the A'ORTGAGOR t:ere:n, either in ~,ho!e er in parL
?0. It is soec fi:aGy agreed that ti~ee is of th~ essence of th s to~+ract a~~d thai no •.vai~er of any ob gar on hereur~d_- cr cf the o5!igation se-
C~red hereby sha;i at any ti^~< t'r~._reafter b~ hcid to b^ a wa~.cr of th~c ter~:s hcr~of o~ of the iristru~r.em s~~:wed hc~by.
1 l. In a.~ ~ tlo-~ +a tF~c fore3= c^!n'v S-~Y;;,-n~s u` p~irc p,! and i i~,.,cs• r~,q,. -~:d h; the Frr ss~~~ ~ s_.red h.:.i;f. cr•'33-;0• eovznan?s
and aarees to pay to c•tg3g.,e v.;~h each r.ar•~h'y an adJ ~.onai s~ ~.:s. a~d 1;~ n ~ ry~~~~ t~ ~e e:;.,~ to l i2 ot t; ccst ot th> foi~o~n-
in~:
q--qll real prooer!y taxes le:ie:: er as;cs,ed ag•.;,'st the ai~:,cc d_;: ~.,~d real es'or~.
B- Pra-r.~uns on fire and ...-~,ds'~ ~rsu•::~:r as i~_.,., n r.q.,led ?o cc ce•r::;; c,~, ti,~ .;.rcven:~_,~}s s'~:~:. on t', _ ab:;.e ci_scr~!,ed premises
C-Pre:r,:;;r~ s on s~ch r~or+r ;~e yua,an~~ ics.;r=~ ce ~s rrxr~a~ee sha l'ro r. r r. t.,, a d rr„ fir to carry on t';e ;osn scwred i,ereb±.
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h1o'tgage? s'-=_ ! Erc•n c t-_ no ;i .t _'~c a r.r;,, •,g cf th~ o._ :1 p3~~..'n he _,~^%i~ ard s.~ s~ s~', th_• u;~c~ b~~ due a^.d
Fa;ab'e on ti~e d:_ c_=•e r'-` <t •o ~ e.., ~:~t e.c~~ s_ctessne ~ o:th ,.ca~~, u• , ~rrg3~ec. st 'J _ r cf~a chon~z in SVCh
an,e~nt. Sur.h su~nq 5~~ _..,i_d uy i r~~>._ _ o:. ~•J ti.:r E;a,n~ant cf rea' p'of-erty t3a~s, ir,su•~ pren: u,,s: a•o t_,,~_ g_u~anty ins~rar.:e
premiums.
IN Y~IiNE~S ':+HcREOf, ti:e z~ d h'.ORTv:.G~~ L~; h•.e~e.,••to se! h;s hecd a^~d soai rhe da~ and year firsr a'ore;~:d. Q ./f
Si ed,bea!ed~~ deliv d in th preseno~ of: ~~~yjr f
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STATE OF FLORIDA f
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C(7UNTY OF - ~t - -i.~11C..1-° ~
BeEore me personalfY aPpe~red I'~1S 1~~ ~iC.~'ilA71I1 and
+-ia~ 1':LCT1.°71I"1 _ his wife, to me weil kncwn c:~d k.nov:n to me to be
the indlviduals desvibed in and who exec~'ed the {GfBGOi^g instrur+~ent, and ackr.owiedged before me that tney executed tne same for rhe purpo5ef
trerein express=d. And th~ said__- - ~+~Glv'?I -
wife of th~ said _ ~iu.~' t 1 S A. ~C ~11 P I1j'i _ upon a szparate and priva'e
exam:na!lon b~ me ta:en separaie ard apart fro~7~ h«~r sa~d husoand, etkno~xiedged to ar,d hefoie me that she execu!eci said instw:;~c~~t iree;y a~-:d velun-
tarily ar.d w~thout any co~p~~'s:on, cocs'raini, apprehens:on,~ear of o.• from her sa~d h~sband.
~YISt~ES~ my har.d and officia! sea! lhie_ ' day of P.. D. 19-~
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Nnt=_r~ P~~b!iC in and for ihe 5!ate cT Fiorida af Large
EQ EV R~~D 1~1y Cem~r.~ss on exP~'~i~o:~f~ Pub' _•a ` ,t ~ "
RE'urn To: ~ F~L^*~•~~ R1y C_On;~r ,:GV 3,
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First Federal Sz~~n~a 8 Loan Assxiaf:ot~ ~;1 Bo; de~~ b~ ~~V~y O"' • f`.
Of Fc.~r. P ` f~~_ ` ~
For~ Pi,,rc~, r;crld3 vL~ti~.~. .
'65 "~,~.Y 20 ~M 3 : 2Z ~ ~ti~~,~~;;~-
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G~;~~, ROG~f~ ~'Oi~i ficAS CLERK ~'z 4j ~ -
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• ; ~ -'^:':,~a";_ ST. LUCIE COUNTY,
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- ~ : F[.ORIDA . _ .
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