HomeMy WebLinkAbout1754 3. 7o plate and continuous!y keep on the bUi d~ngS :?oN ur her:•a!ter eirc+rt~ ~n ~;I;: an.l ar.;Y ::n .::~v~p nent erd paraonaliy covered by Thii mortg-
ya, with all premium~ Ihereon pald ~n fuli, f~r~, ~rsurs,u~ ~r: ii~_ _sual sra~~~ard po":cy tor~n, in u s~ n aNproved 'c~y rhr Mpi2lv.aGEE, and w;ndst~rm
insurence in the usuel standa~d poLcy ~Onn: in a s~m ac.pro:ed b; !hr h1~RTGAGEE, in :uch cor.~pany ur iom`anies as fhr 11~OR1GAGEE may
dir~et; and ~Il firo and w~ndstorm insurance potlc~es on any oi sa~d bu~ld nys, ar,y tnte~est therein or part thc~rauf, in the aygrega+e sum afo~esaid or
11f excess thertof, shall contain the os~al srandard ,nortgagre ua~se or su.h orhar cia~se as the P4eugayee may ~ryu~re, making tnc ioss under sa~d po!i-
cis~, each and every, payable ro said MORTGAC•EE as :ts inreres~ nvy appea:, a~d ea.h n~:d every s~ch po'!cr sh~ll be pro,r.p+:y ass g~~ed and delivered ~o
eny held by said MORTGAGEE as further sec~rity ~o said mortgage ciehf, ard no~ !~~ss than tcn (10) days i:, adv~nce of the expirat;on of eacn poLcy, to de-
I+vsr to aaid MORTGAGEE a renewal thereef, tagether v.ith a receipt for the premivm of wch rrnrwa~; a•td rhere shail ba no S~re or w:ndstorm insurance
platea on eny of said build~~gs, ony interest there~n or part the~eof, unless ~n ~hr fonn and ~v~th the +oss payabk as af>resaid: e~d In the event any furi
of money b..•comes paya~le vnder such policy or poi:cies saicl h10kTGAG~E sh~ll havz ~he epY:on te re;:!v•: ;~•d op~~:y the same on accuu:~t cf the indebted-
neSS set~red hereby or to permit said MOitTGAGORJ ro re~eiva and use it or :vi; part th.,:cof r~r ..i ~:ur.:s~s, :..t~~.~.t ih:~.u, ,c_~~i:j ~r .,np::i'-
iog any cquity, lien or right under or by virtue of this mortgage; and in the event sa:d h10~~Tt;AGORS sha`I .`or any reasun fa;l to keep the ~a~d premise~ so
insured, O~ fail to deliver prOmptly any of said poGcies oi ~nsurance fo xaid MORTGAGE~. or i:~~: pron;pfly ro Hay fu!ty any p~c•~n~um therefor o~ in any
ro.pect tait to p~rform, d~scha~ga, exrcure, effect, comple~e, cornpty wi~h and ab~de by ~tus covenanr, or rny p.+~~ t~ereof, said MORT;,AGEE may p~aca a:~o
p~y for suth inwrance or eny part thereof withou+ waiving or affecting any opt~on, lien, equ~ty, or righf under or by virtue of rhis Mortgage, and the
fedl amount af eath and every suth payment sha~l be immed:ately due and pa~;•abie and thall bzar int~~c5~ frum the dare thereof ~r~til p~id at the ~ate o1
nine per cent~m per annum and to~ether wl~h such imerest s'r.3~i be secured by ihe ~~en of th~s morrgage.
To permit, commit o~ suffer no waste, impa~rmem or deteriora!ion of iaid property or any part ther~•nf.
5. To pey all and singular the cosis, charges and expe.^.ses, in:iudir.g a reasonab'e attorney's fe~~ end cesrs of abz!racts of tl~l~, incurred or paid at
sny time by said MORTGAG:E, because or in the evenf of ~fr~ fa'i~~e on the pert of :he sai~ iAORi"vAGOR to d.,iy, pro,nptiy and f~lly perform, d~scharge,
execv?e, effe,~, comptete, temply w~th and ab'dr by each and every thc stipvlai~pr.s, agreen•erits, cond !;or.s, and covenanrs o~ sa~d pro~n~ssory note ar±d rh~s
morYgage any or e+ther, and sa;d msts, charges and exper.ses: eac!~ and every, sha!i be immzdiateiy d~e and oaya~le; wherher or not there be nor~ce de-
mand, attempt to collect or suit pend~ng; and the full amovnt of each anc{ rv.~;~ soch pa;~nent shali bea~ ir:~erest from the date thereof ~ntil paid at the
rafe of nine per cent~m per annurn; an~ ai+ said casts. ci~araes a:~; cx: anses :r.cu~red or paiti, together w~th such in~erest, shalf be secured by ihe.lien af thii
mortgage.
6. That (e) in ihe event of eny b~each of this Morsgage or dzfa~lt on tt,^ uart ef rhe `P.OFTGAGOF. cr ;bl 'ri ihc event any of sa;d sums of money
herein referrea to be not prompHy and f~tiy pa~d wlrh~n th.rty ~3Q) days nex+ arrer tha sa~,~e seJeraliy beco~•ie due and payeble, w~thuur dzmand or ~orice,
or (c) in ihe event each and every the stipulations, agreements: cond,rionx and covenan~s ~f sa d prc^~issory note and ih,s mcrrgage any or either are no!
~uly, prompt~y and futly performed, d,scharged, execvted, eifected, comp;eted, cempi:e:i v.~;h ard ab ded h;, then in e;~her or any s~ch event the sa~d ag
gregate wm mentioned in said promissory nct~ then remair.ing unpaid, with ir:terest ac<:ucd, and a:i mor~e,s sec:;r,d hereby, sha'.I become due and pay-
able forthwith, or rhereafter, at the option of said h10RTGAGEE, as fuliy and c.mp!eieby as i~ aii of s~:d sums o{ money were originaily st pulated
to be prid on wch day, anything in sa;d P~O'11i55U1~ r.o?e or in this R~.ortgay:> ~o ahe co~~'~ary nor.~;rhsia~ ci.;,g; and ~hereui~on or th~•reatte~ at the op~~on of
seid MdRTGAGEE, without nonce or demand, wit at I~w or in eq~ity: thereiorc or incr.ati~;r beg. n, n ay L:a rrosewted as if ail moneys seo~red hereby
had matured pr~or to iti ins~iruriu~.
7. Thaf in ihe event that at ih~ beginning of o~ at ary t~me pend~r.g c;y suit ~~pr: t!;~s Mortgage. or ~o foreclose it, or ro reform it, or fo enforce
payment of any claims here~nder, said MORTGAG:E sha'I opply to th~~ Cou~+ ha•:i~~g ;u~.sd :+~on vt icr rhe :;u~ntment oi a Receiver, such Court shail
forthwith appuint a receiver ef said mortgaged property a:i and singular, in,~u~ a! ar d s~~_,~~ar t~.e ?nccme, pro'~ts, iasues ar;d revenues from whotever
source derived, each and evary of wh;th, fr bel~;g exF.ressly unders!oe:i. is Fer_uy n~:~!g:_~c:i :s ;i sre:!icai:y set ferth aed described in the grenting and
haben~um clavses hereof, and svch Receiver shaii havc ai! ~h~• b•~~d anci ef'rrc•I~e i~•~c~ e s,nd Fo..ers ~n a^yv::sr ~.nrrus!ed by a Ca~~t to a Rec~iver, and
such appointment ahall be made oy such Court as ar admitt~d equicy and 3 c~aner c~ a' •~re r:ghr ro sa~d MORTG:.GEE, and w~rheut reference to the
adeq~acy ~r inadequacy of the value of the property mortgaged cr to tne s~ vc ~~cy cr :n:;, v•_ncy of sa,d MORiGhGOR or the defendants, and that wch
rents, profits, ineome, issues and reven~es shaii be appi~ed by such Receive: ~._or:i.~ g io ine I~en or ~qviry of sa d MORTGi~GEc and ff:e practice of such
Court.
8. To duly, promptly and fu;ly perform, d~scharge, execure, ef'ecf; ca~~ci;,c :ec i, , r.~!h a•:d a:.~~de by each and every the srpufa?iuns, agreemenfs,
~anditions and covenanis in sa~d prvmissory note ard in:s n-~.rty3g•~ s::r forth
9. That in the event the or~nership of th~ morrgag~d pren,;ses, o- ar,y parr ti~e;ecf. bece•r.es ves'ed ir. a person othcr than the MOkTGAGGR, the
MORTGAGEE, its surcessors ard assians, may, ~.vithout notice to the ,ti',ORiG~•0~:. d;e. ~~!'f: <vch successor o! svcces>cr in interest wi~h reference to this
martgaga and the debt he~eby secured in the same manner as wi~h !,lorr~ago~ v: ih~ut ir, dny •.vJy ~~r a!ing o~ d~scharging the /.1,rtyagors' liability here-
under or upon the debt hereby s<c~red. No sa!~ of the Fre^:~5~5 h_rebq rnertgaged a^d no forbearance on tFe p2rt ef the IAORTGAGEE or its wccessors
or assigns and no extension of the tirne fer rhe payrrer.~ et the den+ h•,r~~t~y secured o:ven t,~ the 1.',;~k?GtiG:E or its wccessors or ass:gns, aSiall operate
!o release, d~scharge, modify char.ge or zlfect the crig~nai Ifai~.i oi }iie M,GF,fGAGOR here!n, edher in whoie or in pa~t.
10. It is spec~fically aareed that tima is cf the ess<n_e of th~s to~'ract ar.d that r.o wai:er of any oh~~gat~on hereunder Cr of ine obligation s~
a,red hereby shall at any time ~hereafter b? he!d to be a wy~ver ef rhe fern,s h~:eof or cf ft~e ~ns!rvc.er:~ secv~ed herby.
11. in add:!ic~ to the torege ng mo~th!; onr~,-..n,s of ~;r.:•c p~` ar.d ~,_r~~s+ .eq,,.._:' t;, ~`.,e {,•o,. sser~ no•e s c~red h~r.,CJj, morrga3or cavenanrs
ar.d agrees to pay to m,ortgaqee v+~th each r ~nth'} ~:ay, en~ .,d~ r.~nal s..i ,.:1 b, y~ge, to b.~ C7Jd' tp 1 12 0; t_:nnuai cost of the follow-
ing.
A-All real property taxes levied or assesz~~<i a_r,~i^.st tha e;:o:c de;`r:^.~a es>a'=
B-?r~miums an fire and w~r.dsro.... ;csu•a-c~ , i-,~: .n r;qo rz~ to b. c , ~r , r, ;v: !s : o~~ t,, abc.~e d.>v~bed premises.
C-PffmiVr.:S en such r•.ortgage guaranty ics~•r3cce zs n•,orrgagee sha~.l frc^~ r~.m_ ?i~ne dee^'~ fit !o tarry on !he ioan s^.~~ed hereb~.
Mortgagee shaii Eren ti~,~e to t;^,,e r.o,;c, n.c•r~:;g~r n...~r~r.g ci r!,e o_r d.e ar;i pa:a:~;c he~e~~:•urr ~~-d s..ch su~- sh,~i th~re~~;~n be due and
eayable on tne c~~e date or rhr ~ ext .~-oetn:; p,,. and e:ch s_:c_•sz ve _~:~h . eaf' ~ vri;! ;:rtgsgee sh ~I~ r,o"{~ .^,er ef a change in wch
ar,:ouni. $uch sums sha~i be app':ed by rr.e•tga^y~:~ ?o.•:ard ti~•= pay~rent o` re:' prc~,e~r~ tazzs. ins~~ra.::•; pren-.u~r.s a.~.d~n~,orty;ge guoranty insurance
premiums.
IN VJITNE55 bVHEREOF, the sa~d MORTGAGOR }135 h=reun!o szt nls h.~:.d ar:d sec~i the dzy and yea- f~rst atoresaid.
igned, Sea a d red in the preser.ce of: '
(Seal)
~ (Seal)
- - (Seaq
- , - - (Seal}
STATE OF FLORIDA
55.
COUNTY OF .S-~~ I.u~^. j Ei ~
Before me persuna!!y appeared . LOI]Z~B _ and
_ B9tflx N911 8118~_ hfs wife, to me weil known and known to me to be
the individuels described in and wha executed the fo~egoing instru:rent, and ack~;owledged before me that they exer~ted the same ior the p~rposes
therein exprassed. And the sa~d_ BStiti~ N~ BU~
wife of the said _ I+On~iB iz~b~ _ upcn a separate and private
exam;nat~on by me taken separate ard apart from her said hushand: ac'..novv~edged to and b~•fore me that she execu~ed said instrumzm fre~~y ar,d valun-
tarily and without any compu~sion, co~~strai~t, apprehers o~ or fear of or from her said Futband.
WiTNESS my hand and officiai seal this___~~ day of- _ a1 , A. D. 19~_
~ Norary Pu in and for the 5tate of F{orida at Large
My Com sion expires:
Return To:
First Federal Ssvinga ~ Loan Associat'OFiLED AND ~~i~ dEQ tdotary Pub!ic, State of Flor.da at Large
of Forr Pierce. ~ Y!y Comm'ssion Exp~rgs Aug. 6, 1967
~or• . v;erce. F!o~~d.a a F~ 8o~dad By Amer~can Sur~ty !~u~ of ~ 1(.
/,l ~ . _ ~ y . '
. ; . . ~ '65 JU~ 1 ~ PM 3 = 3 0 . .
~ _ _ ~ ~ ~f ~ ~
" ~ ~ ~ ? Kas. c~ERK - ~ ~
' ~.~w ROGER 0
` ~ 5T. LUCIE COUNTY. - ~ ~
' , FLORiDA ' ~ '
~
SCGK 1~U t~ ~
~ • - _