HomeMy WebLinkAbout1682 3. To pla<e end con!inuouily keep on the bui!dinps now or hereafter •ituete on ;a~d Iand a+,d en a.: eq~ip:nenf ar~d persona,ly cuvarod 'oy th'et mortg-
p~, with all ptsmiumt the~eon pa~d in full, f{re insuranca in the u~ual srandard palicy form, in a sum approved i,y thr MGR~GAGEE, and win~i~torm
imunnte in th~ u~wl standard policy for~n, in e sum approved by the MURTGAGEE, in such <ompa~y or co:npen~es as ~he MOR7GAGEE may
dirett; •nd dl fin ind windsrorm insurance po~icies on any ot ~aid buildmgs, sny interost therrin or pert therpot, in ttx~ aggrzgeTa sum aforesaid w
in excas ther~of, tFuU contain rhe usva! s~andard mongagee dause or such othe~ clause an the Mortgegee mey requlre, mek~ng tne loss under FJ~d potF
Ciss, each ind avbry, payabla tu fiid MORTGAGEE as its interast may appear, and tath and every auth po!icy shail be promptly ess gned and delivered to
eny held by ss~d MORTGAGEE as further seturity ro sa~d mortgage debt, and, not tess than fen (10) days i~~ advance of !ha expiration of each pol~cy, to dr
liwr fo said MORTGAGEE a ranewal thereuf, togethErr with a receipt for the premium of such ra~ewal; and there shal! b~ no fire or windstorm insuronc~
plsecd o~ ~ny of tsid buildi~y~, any inleretl therein or part thereof, uniess in ~he form and with the losa payable as aforrsaid; and i~ the evertt any eum
of money hncom~t payeble vnder such poficy or pol;cies said MORTGAC;EE shat{ have the opHon to rec~•iva and app:y the same on acco~nt of the indrbred-
neu secur~d heroby w to permie ~aid MORTGAGC7R5 to rece~ve and ~se it or any part rhe:eoF fur e,h•~r pu:; cses, w~~ho~t :hzrrb; wi~vi,~.~ or in;pa~~-
In9 any eqoity, tien or right ue~der ot by virtua of this mo:•gage; and in the ~vent sa~d MORTGAGORS sha!I for any reason fail to keep the said promises so
insured, w fril W deliver prompNy any of said politiea of ir,surance ro aeitl MORTGAGEE, or i~~: promprly to pay f~i(y any pre~n~um therrtor or in any
rtspect fail to ~rform, discharge, eaewte, effect, completa can~+:~ wirh and abide by th~s covanant, or any part hareof, said MORTGAGEE may place and
p+y for such inw~ance o? any parl thereof witho~t waiving er ~;fecting any op?ion, lien, equity, or right under or by virtue of this Mortgage, and the
full •movnt ot eeth and every such payment shall be immecliately ~lue and payable snd shall bear interest lrom tha date thcreof unti{ paid st the rote o~
nine per centum per annum end fogether wi~h such intereat shali be aecured by 1hn lien of fhif mortqage.
1. Ta permit, mmmft or suffer no wasta, impairmem or deterioretion of said property or any par; thereof.
5. To pey ill and singular the tosh, charges and expenses, including a rea:onable a!tamey's fee and costs of abetratts of title, incurre~ or paid et
any time by said A110RTGAGEE, because or in the event of Ihe failure on the prrt of the said MORTGAGOR to du~y, promptly and fully perform; d+scha~ga_
execute, effect, cortyp?ete, co~nply with and ab~de by each and every the atipulatlons, agreements, condrtions, and covenants of sa~d promissory note and thio
mongage any or eirnar, and said costs, thargea and expenses, each and every, shatl be immediately d~e and payable; wheiher or not tnere be notice dr
mand, ettempi to collect or suit pending; and rhe fuH amoum of each and every such payment sF~alt bzar interest fram Ihe date theraof unril paid ~t fhr
rate of nine per centum per annum; and all said ccsis, charges and expenses insurred or pald, togeth~r w~th such interesr, ~hall be aecured by the lien qf th~s
mo!tgoge.
6. That (a) in the event of a~y 6reach of this Mortgage or defavR on the part of ihe MORiGAGOR, or (bJ in tha event eny oi ~ald aums of money
herein referred to be no1 promptly and fully pnid within th!rty ~30) days nett after the same severally become d~e and payablt, w:thput demand or notite,
or (c) in the event each and every the stipulations, acreements. condi~ions and covenants of 53,CI Pt0!t1i530fy note and th~s mortgage any or e~ther are no1
3uly, prom~Ny end fully performed, d~scharged, executed, effetted, comp;eted, complied with and ab:ded 5y, then in either or ar,y such evem the said ag~
grcgate sum mentioned in said promissory note then remaining unpa~d, w~th interea~ accwed, and all moneys secured hereby, shall betome due and pay
able forthwith, or fhereafter, et the option of sa~d N10?,TGAGEE, as fulfy and completety as if ali of rhe sa~d s~ms oE nTOney were or;gina;ly sFpulated
fo be paid cn such day, anything in sa;d prcmissosy note or in this hlortgage to the contrary nonv~thstand~ng; and thereupon or thareafter at the option of
said MORTGAGEE, without notice or demand, suit at !aw or in eq~ity, therpfore or thereafter begun, may be ,qrosecuted as if all money~ secured hereby
had mafured prior to ih insti?ution.
7. ~hat in the bvent that at the beginning of or at any time pendi~;g any sui~ upon this lhertgage, or !o foretlose it, or to reform it, or to enforce
payment of any tlaims herrunder, said MORTGAGEE sha~l apply to the Coun having jurisd,croa~ tli~reof for the appotntment of a Receiver, such Co~rt shall
forthwith appoint a reteiver of said mortgaged property al1 and singular, indud~ng a~! and singular nc~ irnor.:e, p~of~ts, issues and revenues trom whattver
sourcr derived, each and every of wh~ch, it being express!y vnderstoed, is hereby mortgaced as if spec~ficai;y set forth and destribed in the gronting and
habendum tlauaes here~f, and wch Recaiver shall have a~l tFe 6road and effc~ctive func•.cns and p~wers in anyw~se en;rusted by a Court ro a Receiver, ar,d
svch appointment thall be made by such Court as an admitted eq~~ty and a matter of ~~JSOiU1C rigM to sa~d MOR7GAGEE, end w~rhout reference ta tht
adequaty or inadeqvacy of ihe valoe of the property mortg~ged er to the so~ve~cy or ;nso~venr~ of sa~d MORivAGOR or the deienda~ts, and rhat wch
rems, profin, income, issues aad revenues shall be app!'red by such Rrteive~ accord~ng to tha lien or eq~it~ of sa~d MORTGAGEE and the practice of such
CouA.
B. To dvly, promptly and fully perform, discharge, execure, effecr, cemp:ete, ccmpiy w~th ar,d ab~de by each and every the stipulations, agreements,
conditions and covenanis in aa~d promissory nc+te and this mortgag~ set forrh.
9. That in the event the ownership of rhz mortgaged p~em~s^s, o! any part tnereef, ce:cmes vested in a person cther than fhe MORiGAGOR, the
MORTGAGEE, its tuccesaors and assigns, may, wifhout no~ice to the !AORTGtiOR, deal wivi~ s~ch suctessor ~r s~aessor ~n interest wrth reference to this
mortgage and the debt hereby sec~red 1n the same manner as with 1alprtgago~ •.v~ihout in any xay v~t~aling or d~scharging the Mo~'gagors' iiability htre-
under or upon the debt hereby secured. No sale of the Frerises hereby r.eortgaqed and no forbearance on ;F~e part oi the AAORiGAGEE or its wccessors
or assigns and no txtension of the time for the payment of tr.e debt h~reoy setu.ed g~ven by the h1ORTGAGE~ or its wctessors or assigns, a~iali Operatz
to release, discharqe, modify change or affect the orig~nal liab;ilry oi the MOR7GAG'JR herein, either in whole or in part.
10. It is speeificaliy agreed that tim~r is of the essence oi rhis contract ar.d that no waiver o~ any obl~gafion hereunder or of the obligat~on sr
c~red hereby shall at any time thereafter be held to be a waiver of the ternu hereof or of thz instrumem secvred he~by.
I 1. ln add~tion to the forego'ng month!y paym~nts oi prir.c pa+ and intres~ rec~~~red by the p-om'sscry nc!e secur~d 6^re6,•, mortgagor covenants
and agreea !o pay to mortgagee with each month'y payr~:em an add~riana~ suoi es+::~:a+ed by mortgay^ee to be eqva~ to 1 i2 of ihe annual cost of the follow-
ing:
A-All real property taxes lev~ed or aasessed agai~ist th<_• above descrihed real esrare.
6-Premiums on fire and windstorm ~nsurance as herciti requ:red to bo <arried en the ~mproveme.~rs sitvate on tne above d_stribed p~emises.
C-Premiums on such mortgnge gua-anty ir.sura::ce as morrgagee sh~l! !rom t'r;:e ~o ri~ne deem frt ;o carry o~ !he toan secured hereby,
Mortgagee sha!I from time ra time nor~fy mortgsgcr in writ;ng cf fhe amou~t due and payab!e hcre~nder and such sum shall iherevpon oe d~e and
paya6ie on the due date of 1he ~~ext rnor.!h:y payment and =ach cuccessive rt•o~~tn thereafr=r ~r.!;! r.-ortgayee shalt notffy mortgagor of a change in wth
amount. 5uch sums she!I be appl;ed by mertgagee rov.ard tne p~ymen; of rea! property taxes, insurance nre~n;ums, and mortgage guaranty irsurance
premiums.
IN WITNESS °~`IHER'eOF, ihe sa~d MORTGAG02 has Fereunta sef his har,d ar.d sea; the day and ear iir:r aforesa~d.
Si+gned, Se ed a»d dyk~ered in the presence of: ~
~t~. i
r 1n/~C~Gc"~ ~ al),
~ - -(Seal)
' (Seaq
(Sea I)
STA'ff OF FLORIDA ~
couNrv oF S t. Luc i e
_1
Before me personaliy eppeared _~j.~i,.1~~7'+[~~21~ farm~rl v knnirn BQ W~l_
l~g B~~~n_ ~im~ tTn and
Wf 1 1 RrvAn ~1 e~edul t ~ ieis eqik, to me welt known and known to me to be
Phe individualr~estribed i~ and who ezecuted the foregoinc instrument, and acknowledged before me that8he~ exec~ted the same for the pu;poaes
therein expressed. ~A+~d~ti~e-seiti _ _ _ _
v.efs yf~fwe-~sid - 4pbrr t spparel'e'entt'hrS*ete-
eaaw~in.riw?.lq-,iae 1akaRyepa.e+e-ane~ eperrl+~or+rt~rr-~ee;r~ }nrlk+er+d;-aeln+axkdge~-+e bnd'brfor~ msthat s'fic YxetetL¦A~ saief irmrvrrn~fTr4reefy-e~+~ ~aAofr-
Nri~y~w~ w;1i~w~ Myr +o°^lwlai+~r vuw~Ka+nfy -eppve~ewside~; -or~ i+ear bF e~-i+vr~ heT seid itivrbend--
WITNESS my hand and offit~al seal this_.- 16th dey of__-_ L1t19 _ q, p 19~~_
t~otary Publ' n and fo; ihe State of Florida at LArge ~
My Co.mmis on ezpiret:
Return Ta:
First fedaral 5eving~ 3 Loan f~ssociat~on Np RECORD~~ NOtal'y F~l1b~C, ~`fd~! D'~ ~QT~~
Of ForT Pierce.
F rt:Picrce Flor~da ~~-~U~~--R~~K '~'~Y Commss~on Expf~+s R~~g. 6, 1967
~Q. , ~ ;~~:Jsd By kmer,can 5~r~t~ Co. c~t N. Y,
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