HomeMy WebLinkAbout0642 3. 7o place and co~tinuous!y keep on the L•~:i'd~ngs ncw or bereatter s~t~ate on sa~d land ar~c~ en a!' eq~iument and personafly covered by this mortg~
age, with all premiums thereon pa~d in fuii, f;re i,:s..rar:te !n me ~~s::al S!a:~da~d fw~~cy form, in a sum arproved by the A10R;v+GEE, a~~d winds!orm
insv~ance in the uwat standard pof~cy fo~m, in a su~n appro,~ed by the MORTGAGEE, in such to:npany or companies as tne h10RTGAGEE may
dired; and all fi~e ar.d windsrorm ins~rance polic~rs on any of said bvild:ngs, any imerest therein o; F:ar; therecf, in the ag~r~•gate svm eforesaid or
in axces~ thereof, shall conrain the ~sval srand~rd mortgagee C~3U3? or such o~he~ c!ause as !hz A"ortgagee may requ~re, maAing rhr iess u~~der sa~d pol+-
cief, eath and every, payoble ro sa~d h10RIGAGEE as ~ts imeresr rnay appear, anrl each and every such po~icy 5~~311 br promptty au ~ned and de :vered to
any he~d by se~d MORiGAGEE as iurther secu~ity to zaid mortc~a3e debr and, not lesa than ten (t0) days ir ad~ance of rhz explrat~on of ea;h policy, to dr-
liver ro taid MQRTGAGEE e renewa! thereof, togethzr wirh a receipt tor thc premium of such renewal; and ~hert shall t;e no fne o% w:ndsio~m ins~rance
piaced on any of said b~ildings, any interest therom cr part thereof, uniess in tfie form and w~~h ~he lose payabie as aforesald; and in the e.ent any sum
of money becomes payabie vnder wch policy or poGcies said 1lGOkTG~GEF slislt have the opf:on to ret~ive ar.d apy!y tt~e same on a;:o~nt of the ii7debted-
ness sewred he~eby or to permlt aaid MORTGAGORS to receive and vse it or iny f•; rt th:~:cof tor o~i: r~.,,~; ;:srs, .,,~i•~.:t th .,.v.:~.~ ~3 ~r ;,,~,.I•-
ing any equity, lien or right ~nder ar by vi~tue of th~s mo.^,gac~c; and in the eve~t sa d N.O~ZTGAGORS sha!I for any re~son fai! to keep rhe said premis.~~ so
insured, or fail to detiver promptly any of said pol~c:es ot inwrance to said MORTGAGEE, or fa~! prcmptly to pay fuiiy any pren,~~,~n tiieretor or in a~~y
respect fail to perform, discharge, execWe, effect, compiete, co:nply wirh and abide by th;s cuve~~ant, o- any p,~n hareaf, said htvRTGAG:E may piate 3 0
pay for such insurance or any par! thareof without waivi~~g or affecling any option, lien, equ~ty, or ri7ht under or by vlrtu? of th~s Mortgagz, and the
fuil amovnt of each and every such payment shall be immediately due and payabie and ~hall bear ~nter~•st 4rom the date thereof untii p~id a! the rate of
nin2 per tentum per ann~:n and tojriher ~r~ith such iNerest shali be scwred by ihe IiCn of th~s mortgage.
4, To permit, commit or suffer no waste, impairment or derer~orat~on oi sa+d property or any part the~eoi.
5. To pay ali and singular rhe custs, ch~arges and expen=es, Includ~ng a:easonab~e aromey's fee and cosrs of abs!rncts o( tit!e, incurred or pa~d at
any tim.e by said MORTGAGEE, hetause or in the event of the failure on the part of the said MORTGAGOR to d~ly, promptiy and fully pe~form, discharge
execute, effect, comp;ete, comply wrth ~nd ab:de by each and evary the stipu~ahons, agreemenrs, cund+~eons, and covenants of said promissoiy note and th~s
mortgage any or e~ther, and sa:d costs, charges and expenaes, each and e~ery, shail be immediately dur and payable; wherher or not the~e be no~~ce d~
ma~d, attempt tu collect or wit pending; and the f~;l ameunt of each and every s_~ch payment shali bear imcresi from the date thereof unti! pa+d at the
r~te of nine per centu~n y:cr anru:n; anc' al! sai:1 cosis, charges a:.d cxp;tnses inturred or pa~d, togcther w~rh such interest, shall be secured by the lien of ih~s
mortgage.
6. That (a) in the rvent of any breach of thls Mortgage ar deiault on the part of the '110RTGAG~~R, or ;b) in tfre evem eny of sa d sums of mor;~y
herein referred to be not pro~np!fy and fuNy paid within rh~,ry {30? days ne.~t a'rh~r fhe same seve,a:ly becoma due and payable, w;tho~t dernand or netice,
or in the event each ar.d every fhe stipu!ations, agree:nents, CJ~'.GI~tIOnS and cover,arrs o! sa d prorn~sso~y rc:e an~! th,s mortgage any or eiiher are nof
~uly, ~ro~npt~y and f~!:~ pcr'e•r~.~d, d scharged, Fxec~~ed, effec~ed, compfeted, compGed w~th and a2;ided Sy, then in e;thci or any svch evem the sald ag~
gregate sum mentioned in said promissory ncte ihen remaining unoaid, with interest accrved, and a+~ nror,; ys sc~curad i~~:ei:y, shoil b_,eme due and pay~
eble forthwirh, or thereafter, at the opnon of said htORTGAGEE, as fully anci complete!y as if ail of th~• satd sums of money were ongina:!y sr.'pvlared
to be pa~d on suth dty, anything in sa:d prom~ssc: y note Ot in )his Mortgage to ihe tontrary not.vithst.~nd!ng; and thercupon or Ihcreaffer at the ep~~on of
said MORTGAGEE, wltho~t notice or dernand, s~it at !aw or in equity, therefore or Ihereafter beg~n, may br prosec~ted aa if all moneys sec~red hereoy
had matured p~ror t~ ~n insNfution. ~
7. That in the event that at the begir?ning of or at any time p~nding any su~f upon this Morigage, or to foretlese it, or to reform it, or to enforte
payment of any c~aims he~eunder, said MORTGAGEE shall app!y to thz Co.:r~ having ~ur~sd ction ;her~uf for +he appo:ntment of a(tAceiver, such Court shail
forthwirh appoin! a rece~ver of said mongaged property all and singular, inc;ud,ng a(1 and a;ng~~ar rhe fncome, prcf+rs, issves ar.d revenves trom whoteve~
~ourcr derived, each ana every of wh!cn, it bein~ express!y ~ndersieod, is hen_uy mortg~,geo as If spec,l~cally set forrh ancl desu~bed in the g~anting and
habendum dauses hereef, and such keczivet shali have al; ih: broad and effect~v~ Funct,ons and por.ers in anyw~se emrusted by a Ce~~t to a Re:~•iver, and
s~~ch apoointment shatl be made by such Co~rr as art ad:nirrrd equiry ar.d a marter of a::so'.ute rghr to sa~d MORTGAGEE, and wi;heut reference to rhe
adequacy or inadequacy of th:; valu2 of the proparry morrgagad or to ihe sovon~y or in,o!.ency of sa~d MORiGAGOR or the defcndanrs, and ihat such
ren~s, Nrofita, ir,corne, issurs ar.d revtn;,es sP:al! arp::ru f:~ c•,;:ii R_t_•ivrr :,-d•,.g 1c the fien or equit~ of sald MORIGAGEE and ihe practice of wch
Court.
8. To d~!y, oromptly and fully per`orm, dlsci~arge, ex~cu+.a, rif~ct, con~.~'~te, c~:.~:~~ ..L•h and atvde by each and every the stipu'at~ons, agreements,
conditions ar,d covenants in sa~~ premisso!y no!e ar.d th!s rnortgage cet iorth.
9. That in tne e.•ent the ownership ef th= ~nor,gaged pren,fses, or any part tnere~F, recorr.ea vested in a Fe,scn other ~han the MORiGAGGR, the
A10RTGAGiE, it5 s~.icce~sors and ass~gns, may, wi'hout nence to the ".10RTG~0^n, d=al wlth s~ch suc[ezsor or s~uezsor in in±e;est ~v~th f~if~@rC° to this
rt:ortgage ar.d the dc•bt hereby sec~red in the sa^~e n,ancer as w~th ;+.~rt~ago~ ,n~~;hout in any way vit:ating or d~5chara~ng ~he ?l.cr~gagors' liaoi;ity here-
under or upc+n the debt hereby se.ured. No sa;c- of ;I;e Fre~~;;s.^s herc•by ~rortgaged oed no forbeaiance on ~he p~,rt ei rhe :',OR1GkvEE o~ i~s s~ccessors
or ass~gns and r.~ extens~on nf fhe tim~ for the payn•.cnt ef the debr her~6y SEW~Ed 9ivCf1 hy the '~10RTGAGEE o~ i~s svccezsors or ass gr,s, ~~,ail operate
to reiease, d,scharge, modlfy change or affec' ti,e or~;~;nai Ifah,;;ty of rne M,ORiGRGOR her~in, e+ther ~n who;e or in pa~r.
10. h is spec:fic~liy aareed that time is of the essence of thls co~!raU an~ that eo waiver ~f any c't'~:qa~ on hereur,der or of ine ob'igation se-
e~red hereby sha't at any time thereafter be he!d ~o be a waiver of fh~ terms he~eof or of the insNUmer! s~c~~red t:~;oy,
1?. In a:id t;~:i 'o tt~e for>go'ng n•onth!Y F~yr:•.,nts of pri: c po~ and int,_•i~s~ requ red b~ th~ eno•n sser~ nc'u sec~red h•;r•_b;, me:!g3~~r eovenants
and agrces to pa~ to n•ortg>gec. v.!•h ea;h n,cn+n:y p~;~,,e~it ar, add r~enal Su,,, s.: a~ec~ 6~ n,o•raaye= to be e:a~~a: to 1 i2 ot r,,._ ~.,I cest of tF~ fo!~ow-
ing:
A-All real prop~rty taxas ieii~d or assessed ag~i•.st tnc ai>orr describcd •ts! esta!e.
fi-Pre^-..:ns en fire and v:indtrorm ina•~;a~ce as i~ere~n requ:rca to 6~ carriec. c~ the ;r•rove~~e~+s s!vat~ on th~ aoove d=5c~i~;d prem~;?s.
C-Pre:n:~r:~s on s~cn mortgc:ce guar3nty inwrar,ce as mo•rgagee sha:l 'rc r ti~-e dee~i f;t to carr~ o:, !he !ean s~r.;red hereby.
A?orlgvgee sha!I f~o;n t;^~_ to t~c~e nor:f~ mortc;:qor In writing oi the a~ro_~t d~e ]!CI P3ydI7i~ hereund?r aad suci: sur~ sha!I ti~ereupun be d~e ard
payab'e on if1^ G~Jf C:;1,7 of rh.anne:r „•,o,,h.; pnyn.c,~i and e::ch s~cc~ssfve T.,+h ~'nc-eafi~r ~crll murgagee sh~!i ~of;fy n-,o•!gsnor of a ch~nge in su-=h
a~nour.t. Such swn: sta,i be a;:p'ied by ~T,~r;g~~ee rewa~d the ~;ayn-en! ef realJ.prccert~ ±axes, insur3 ~.ca prern u r<., a~d rnartg>g~3 g~~ranty ins~rar„z
premiums.
IV ';:'i'NE~G '.•;WEREOF. the sa~d M,ORTGAGt'`.R has here:,~~o set h~s hacd and s•_al rh> day and year first afo~esz~d.
Signed, Sealed and de~ivered in the presence ot: ~"'1 ~~it~/
~ d
~ ~ (5eel)
- --(Seai)
- `7'1^ ~ (Seal)
!Sea!)
TATE C3F FLCRfDA
Saint Lucie ss.
COUNTY OF ~ _ ~
Be~cr~ me persona!Iy appeared l~~hgj'+f: ~~~~T+$
and
-,'~~A-~~1BEi.L'-5-- . his wife, to me weil kncwn and k~own to me to be
the ird:vidua!s describ=d in and who exec~ted th~ foregoing instrument, and acknowiedyed before rr~e th~at they exeo~ted the same for the pvrposes
thc.•ein exr!nss°d And th9 sdid----- _ ~18 M~@ ~~~Z'$ - -
wife of the said ~_~~ert .S1'!@Bl'8 ~F;on a sepa~ale and private
examina!~on by me tzken seaarate and ap3rt frorm ner said hu36and, acknow;'edged to and before me that she execu'r~ sa:d insuument free~y and volurn
rari~y and w;thout any cempu'sion, ccnstraint, ar.preher.s:on fear of or from her said husband.
WITNE55 my hard ar.d official sea! this_ day A. D. 19_~
f • ± ~~~~~r~s!F'~'+^
~ Notar~ F~b!k in ar.d for rhe State ~f F{orida at Large
My Comm~ssron expires:
F Rer~rn ?o: .
, Firs! federal Savings 6 Loan Assoclat:on t~--•-„_ ~{T.
7~ ,.r i n~t~:# 3~ ~ ^3. ~
F~~~~~, RECO~~DOK , , , . n ;
}w.__._s.: . - ~ - I y;;
. ~ . ~ [~'SLi ~ _ , ' , _ `J
~ ~'65~ ~~.~Y Z 7 PM 3:! 9 -
. .~`-''~t3J4 .
~
. ROG~R FOITP,~;S. CLERK - ~ `
~ . - ST. ~UCIE C4UNTY, . ~ -
_ FI.ORiDA
~oo~ 1~9 .~r ,4Q ~ ~
. ~ . ~ ~