HomeMy WebLinkAbout1053 3. io pl,ca and continoo~s~y keep on rhe 6ui'd~ngs now or herrafter sltuafe o~ s:~:d I~nd a:.d ;~n a~ vq.,~p:,~rnt and persona!~y covered by rhis mong-
sge, with all premium= rhereon pad ~n f~il, f;re ins~ra::cc N~e usvai srand.~r! po'icy form, i~ a wm a~;Nroved by the MOB~vaGEf, a~~d winds+erm
insurance in the usual ~t3ndard po: cy form, in a su,n approved by the MORTCiAGEE, in wch company or conpanies as the MORTGAGEE may
direCr end all fire and w~ndstorm insuran~p polic~cs on any ef sa(d buiid~ngs, eny inttrest the+ein or part ihereof, in the ag~~egate s~m •foresaid or
in excets fhereoi, shai! conta~r, the ~su~l sra~~dard mortgagar clause or 3~ch other c!ause as the Mor~gagre mey rey~.re, rnaking th~ Ics~ ~ndar sa:d pol'r
ties, each and e~ery, payab!e ro sald h10RTGAGEE as ~is inreresr rnay ap~ear, and each ~~nd eveiy s~ch pa:.y ~ha;i be promprly ar g~~ed and ~e~~v~•red ~o
any held by said MORTGRG~E ns further security to sa+d n;ortgaqe dabt, a,id, no+ !ess than ten (10) days in adv~nce of the expfrat~on of each pot~cy, to de-
liver to said MORiGAGEE a renewal ~hereof, toge!her wirh a rece~pt ior rha prrrn~um c~f such rene.va~; and th~re shal~ be no f.re or w~nds~orm insurance
placed on any of said buifding~, any intzrest ~here~n or pan IIi2~C0f, unlrSS ~n thz Fonn and tv~rh rhe lo:s payab;e as aforesaid; and h~ the event any sum
of money becomes payable under s~~h policy or poGcies said MORiGAGEE ahill have the opt~on to rec~~iv; ~nd app:y tna same on a~covnt of !he indebt~~d-
nes~ sec~red hereby of to pzrm~t xa~d MORTGAGORS 1o receive and use it or any par~ rt,<:~~of ior e:i • r ~:ur: ;;s~s. •.:.r~,.,,.r ~h:•<<,. cr
ing any eq~ity, (icn or right undrr or hy v~rtue of rh+a mc^gage; and in the event sa'd MORTGAGORS sha!I for any reasnn fail to keep the said premises so
insured, or fail to deli•:er prorrtptly any of sa~d ~oi;cies oi +nsurance to sald MORfGAGEE, c+r fo~! prompNy to pay fully any pre,+~,,•n ~hen~for or in any
rospact fail ro perform, discharye, executz, effect, complete. compiy with and abide by this covena~v, or any p~n h~reof, sa~d MGRT~AGEc may piec~ a-o
pey for wch ins~rance or any part thereof w~rho~t wairing or affectir,g any opt~on, lien, eq~ny, or r:ght u~:der or :,y virtue of this Mortgage, ar,d the
f~ll amo~M oi eech and every wth payment shafl be im~r,eJiate~y due and payable and shall bear interest (rom thu date thereof unti! po~d at the rate o!
nine per centum per annu.» and r.~;~~•rher wi+h sucn ;n;eresr SI73i1 be sec~red by the lien of th+s mortgage.
4. io permit, commit o~ suffcr r.o waste, iir.pairment cr deterioration of naid property or any part thereof.
, 5. To pay all and sing•;lar the costs, charc~ea ard expenses, intluding a reasonab!e attorne~•'s fee and costs of abstracti of t~t!e, incurred or pa:d at
any ti~ne by said MORTGAG;E, becausc or ~n tha event of the fa~iure on the part of Ihe sa~d MORiGPGOR to duly, prc~rpfly and fu (y per!orm, d~uha~ge.
execute, effect, <ompiete, tomaly w~th and abde by each and every rhe stipulat:ona, agreements, cond~Noiis, and covenants of sa~d pru~r.izso~y note and th~s
morrgage any or e~ther, and sald cas~s, charg~s and expenses, each and every, shali be immed~ately due and pay~bte; wh•~ther or no! ihere be norice d?-
, mand, attenrpt to co!lett er suit pend~ng; and the ful! a~nount of each and eve~y wch puyment shall bea~ inierest irom ihe dar~ thereof un+~i paid at tM~e
rare o~ nine per cer.;um }~rr annu:n; and a11 sa~d cos~s, charges and rxpens:s incuned or pald, togetne: w~th such intarest, shall be secured bv the Gen of thls
mortgage.
d. That (a) in the event of any 6reach of this Mortgage or d.~(aulr on fhe Fart of thz MORTC~AC,pR; or ;bj in the event any of ea;d sums of money
herein referred to be not promptly and fully paid ~vithfn ~h~rty (30) days next ait~~r the sar¦~e severa".ly become due and payab!e, witho~t demand or not~ce,
~ or (c) in the event each and every the stipularions, agreements, cond~.~o~~s and co~enants of sa:d prom~;so:y nota a~~d rh;s n,orrgage any or e+ther are rof
~uly, promptly and (~i:y performed, d.scharg=d, executLd, effected, completed, compi~ed with and abided Sy, then +n eith~~r or any svch event the sa~d ag~
gregate wm mentioned in said promissory no'e then remaining ~npaid, with inter¢;t accrued, ar.d a:! moneys secured hereby, shail become due and pay
eble forthv~ith, or thereafter, at the op!fan of sa;d h10RTGAGEE, as fuliy ar,.~ comaletely as if al! of the sa~d svms of rnoney were origlnally s~~p~!ated
to be pa;d on s~ch day, anything in sa:ci prom;ssory note or in fhis Mo~tgage to tF;e con~rary not,vithstand'~ng; and thereupon or thereafter at the api!on of
said MORTG~GEE, w~rhout norke or de~r.and, s~~t at law or in equi!y, therefore or therea(ter begun, may be prosecuted ae if all mo~eys secured hereby
had matured pr~or to +ts inst~rution.
7. 7hat in Jhe eve~~t that a? the begirning ef or a! any time pendirg any su,t upon th~s Mo~tgage, or to foredose it, or to reform it, or to enforce
paymenl of any daims hereunder, said MCRivi+GEE shai( app!y to 1he Court haviny ;urisc~~c~ion ti;creoi for tne zppointment of a Receiver, evch Court shail
forthwith appoirt a receiver of sa~d n~ortgaged propetty all and sing~lar, includ,ng a~i and sin„viar ~he ir.come, p~of~ts, issues and revenues from whatever
source derived, eath and every of wh ch, it bein4 expressty unders~ood, is hereoy mortg~ged as if spec:fically set fcrth and deecri6~d in the granring a^d
j habendum tiauses hereof, ard such Receiver sha~l have all ihe broad and effecrive funcr,cr,s and powers in anyw~se entrusted by a Ccurt to a Receiver, and
wch appointment shall be made by svch Court as an ad~nitted equity and a matter of absoi~te right to said M~RiGAGEE, and wi;hcuf refercrce to tne
edeq~acy or inadequacy of the vafue of ~he properry mortgaged or to the so,vrncy or in.o.vency of said MORtGAGOR or the deie~~da.~rs, and rh~t such
ran~s, profits, income, issues and revenues shatl be appi;eJ by such Reteiver accord„~g to the lien or equity of sa:d ~.1pRivAGEE and the practice of s~ch
Court.
8. To duly, promptly and 4uliy perform, d~scharge, execute, effect, complete, tomp(y w~rh and abide 6y each ar.~ every the sN;.v(ations, agreerr,en!a,
conditions and covenann in sa~d promisscry ncte and this mcr~gage se! foith.
9. ihat in the event ;he ewne~sh;p cf rhe mcrtgag•~d premises, or any parr the~eof, becemes vested in a pe~son other ihan the MORTGA60R, the
MORTGFGEE, hs suc:essors and ass~gr.s, may, without noticc to Ihe MORTGAGit, deal with su:h successe* or s;2cessor in inteiest wi~h referer.ce to th~s
mortgage and the debl hereby setured in Ihe same mann2r es with Liortgagor w~thoit in any ~.vay vit:atin~ o! d.siharging ihe Mor?gagors' liabiiity here-
under or upon the debt hereby s_cured. No s3:e oi !i~e Fremises h_reb~ mortg3ged and no fcrbearano= on the pan of ihz !:SpRTGAGEE or i!5 s~:cessorf
or assigns and no extens:on of the rime for the payTent cf tne debt herehy sec~red given by tne ~410RTGAGEE or i:s successors or asr,gns, ~;iaif o}~erate
to re!ease, d.scharge, mod;ty char.ge or afiect the or;g{nai I;a~ i~ty of ihe MORiGAG02 hese~n, either in whoie or in part.
10. It is sper.fica!ly agreed rhat time is ef the esser~cr, uf th~s contract and ~hat no waiver oP any obl~ga~:on hereunder er of fhe ob'iga!ien se-
c~red hereby shai~ at an~ time ~hzreafter be he:d ro be a•n•ai.er of the terms hereof or of the iusrr~rnent se•c~~red herby.
1 i. in add ~ic~ to the forego n~ rnonfn!y f;ay;r,~ms of p~i-:c pa! ar.d im~res+ requ:red 'oy the prom :scry ry~ sa;:,rrd hereby, morsgs~or eovenants
ard agrees to pa~ fu n;ortgagee xith ea•:h r,,o~:~h!; p,~,~.~e.,t an adJ.rional s~•n est., a!ed b~ mo•!gage2 te be eq~ai to i l2 oi the ;n:.;;a1 cost of thc fo!iuw-
in~:
A-Ali real property tszes levicd cr assess:•d d'y3ir15! thc ebove d^s:ri~ed ria! estare.
E-Prerr.iu~~~5 on fire and windsterm insura~'ce a> izerc~n req-~:red to be caf~:c•d en th= :mr•ovemeo's s'tvato Gn the above desvii;ed ~remises.
C-Fre.~n~~+;~~s on suCh T,0~1J~ge g~a~e~ty ics~'ar:e a5 mo'igag?e sha'I fron tme to ti~r.e d~ern fii !o carr/ on ihe !oan s^.u;ed her~by.
Mor,ga~ee s!~a l from t~•,•,e to t~~•.e notify mertgagor In writ:ny of the a~o_~^~ d_e ar.d payab!e h~re~r.der an~ s:ch sca, shail tnere~~pon be d~e and
r.ayab!e o:i tne dve ce!a of the r,ext n;anth:y p~y~~_~•.t ar,d e.ch sn:cessive mco!h +hereah,r ur.;il mortasgee sha',I r.ot:fa mo•+.-~agcr ef a char~e in s~~:h
amovrtt. S~ch sums sha:i be app!ied by mer!gay:e tov,arci the payment of re31 prcNerty taxes, insura-ce pren•:v~~,s, a~•d morfgage guaran~y ins~rarce
premiums.
IN ~VITP~ESS 'J':H;RcOF, the safd ,ti10~Z7(;:.GOR has hcrevnto sat h;s he~~d and 5e3! the day and ygar {irst a',or~5aid.
Signed, Sea! d ~d d e i serce of: ~
,
y - - 1'~` `Ll~X1JC.e~{5eal)
_(Seal)
- - - {$ea!)
SiA7E OF fLvRIDA ~ ~ ~ ~ ~
C4U'dTY Of S~1
P~~~~ C j. 6 1 ~ ~
Before me peraona~l~ appeared r~Q ....,}~GOT'Qi _ - ~ ard
TO3epl~.wl16 r'~OOY'Q_.__ his w;fe, to me wet~ kt~vrn and kno.vet+to die fa be
the ind~viduals descr~bed in and who executed the foregoing instrument, and acknovriedgad befa;e me ihat they exec4~ea thg-s~me {oe%th~ pvrposes
therein Pxpressed. And the said_-v_ .l'l9PC~t'i~I1A ~11C~~_ __i,'~
wife of th? said ri~Q A ~~6p~ r,s[pacat~ and privare
e.am~na+:on by rtTe taken separete and apart from her sald hvsband, ackno.vledged to and be`o~e me Shat she ezec~tzd said instru~t~rw ireely anu vo'vn-
`er~iy ar.d ,v:thcut any compuision, censtraint, apprehers~on o: fear of or from her said husband. ~
':aITtJESS my han~J and ofE~uai s~al th;s-.-----~~-- deY o{ '7t`ri{' , A. D. i9
~
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Not3ry Gubi~c in er.d for the State of Florida at iargA
My Cummiseion expires:
Re'urn To: ' ~~/~p~~a/
7 A
Firsf Federa; Savir.gs 8 loan Ass^,~~!:on ei A~ ~~D
Of ~crt "e;o: r •rV~ _ -
~.~~,d~ 800K
~ , _ :~r
~'~~r7.' '65 JUNg ~ ,PN `Z • SZ
J ` . • _A. ~~~I~~~ V
.
~ `J RDGER i~OiTRAS, C~ERK ~
~ " ST. LUCIE COUNTY,
. . , , F~ORlDA
: ~.19 ~~i
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