HomeMy WebLinkAbout1820 3. To place and continuously keep on tha bui'dir,gs now or F~e~ealrer ~~t~a!e .n s.: d'a id ~:~d en a': _q::~r'~eni ard psr~onaiiy covered by tnis mwlg•
pe, with all premi~m~ ~hereo~ pa~d in fvll, fire ins~rance ~n ~he vsual stanca~d po'ky forn~, in a svm approvrd by tha MOR~vaC.EE, end windstorm
inauronce in the usual standard pol:cy form, in a surn approved by the MOkTGAG@t, in such curnoan; er co~~~panies as the MORTGAGE[ may
direet; ~nd all firo and windsturm insurance pal:c~es on any of said build;nqs, any 'snteres~ therein or part th~~re~f, i~~ the agcregaTe s~m afortsaid or
In ~xcess thereof, shell cantain the u3ua1 sra:~da:d ~nor~~agee c'~usc o~ such other clauia as thz Mert~ayae may requ,re, making th~ loss vncler sa~d polb
ties, each snd every, payable to anid MORTGAGEE as ita intecest may appear, and each and e.~ery such p. ii.y s~~a!i be p~omptiy ass gned and de!ivered to
ony held by said MORTGAGfE os fwther security to,said mortgage debt, and, not less ~han ten (101 d~ys in adva~xe ci the enpir~~io~ ot each poli,y, to da-
liver to aaid MdRTGAGEE a renewal fhtrtof, ta9eth~r with a rete~pt for the pre~nium of sv~h renewa', 3nd rf,~re shall be no firc or windstorm inaurance
plsted on any of said buildings, any interest there~n or pert thereof, un~ess in the form ar.d w~th the lo:s payabie as afereaaid; a-~d in the event any s~m
of mo~ey bacomes payable under ~~ch poiicy or policies sa~d MORTGAGEE 1}1dll have ihe C41~J~1 to rec:~~e .:nd a,r.ply the same on acco~ni of the indebred-
ne~s sec~red hereby or ro permit said MORTGAGORS to reteive and vse ii or any nart th.~:~~of te~ e'ur }e~?~ ; scs ;.~ri~,,;t th_r. u. .v:.ivi ia :;r rr.pau•
ing any aquity, lien or right under or by vi:tue of this mor'yage; and in the event ss:d MORTGAGORS she!I For any reason fail to Aeep the said premis~~s so
insured, or fail To detivet promptly any of said pol~c~es oS insurante to ~aid MORTGAGEE, or f.,;! pron~.pt;y to pay fu~:y a~iy pre:n;u:n rherefor or in any
respect fail to perform, discharge, execut~, effect, complete, to•nply with and ab~de by th~s covenant, or any pari hereof, said MCiRTGAGEE may plate and
pay fw such insurance or any part therrof without wa;ving or affecting any optian, tien, equiry, o~ -~~ht under or by ~irt~e of this Mortgage, and the
fu!I amount of each and e~'ery suth payment shall be immediately d~e and payable and shail bear interest from ;he date thereof ~nt~l paid at the rate o!
nine per centum per enr,um and together wirn such inrecest shai~ be s~~c~red by Ihe iien ~f th~s mortgage.
4. To permit, eommit or suffer no wastt, impainnent or deteriorat~on of said property or any part thereof.
S. 7o pay all end singular the costs, chargas and expenses, inc!uding a rcasonable a?tomey's fee d•.d costs of abstracts uf titl~, incurred or pa~d at
eny time by said MORTGAG:E, because or in the event of the fallure on the part of :he said MORT~AGOR to d~ly, prompNy and f~i;y perforrn, d~xharge.
exec~te, effect, complete, cumply with and ab;de by each and every the stip~lat ons, agreements, co~ditians, and covenants of said promissory note ard this
m.ortgage any or either, and sald cosss, charges anri expenses, each a,id every, shall be immediately due and payab:e; whefher or n~t rhare be not~ce de-
mand, attempt to collett or suit pend~ng; and the full amount of each and e~ery s~cn paym~nt shall baar inreres~ from the date thereof until paid at the
rote of nine oer tent~rn per an~wm; a:~c all said ces~s, c6arges a^O CXC2n5L'S incu:rzd or pa~d, toye:h~•r w~ih s~ch interes!, shail be secured by the fien of this
mortgage.
6. That (a} in the event of rny breach of this Mortgage or defa~'t on !h~ part of th~ !J,CFiG%+G~~F:, or (b) in the event any ef sa'd sums of money
herein refer~ed to be not promptty and fully paid wrttun th~rty ~3t1; daye next a'rr~~ the sa~ne SP'YQldi:~J C)PCOt~1@ aue and payab;e, witho~.t demand cr notice,
~ or (c) in the ~vent eath and every the stip~lations, agreements, cor,drtions ar,d covenar.ts of sa d pro nlssory note and th~s mortgage any or e~ther are ~01
~ ~uly, promptly and fully performed, d.scharged, executed, eTfected, cornpieted, cc•mpi;ed w~th and ao~dcd Sy, then in e~th~~r or any such evenl the said ag
gregate sum mentioned in said promissory nole then remair,ing vnpaid, with in~ere;t accrve~, and a~i mo~:eys secured hereoy, shail bacome due and pay
ebfe 4ortliwith, a thereafter, at the opt~on of sa~d h10RTGAGeE, as fully and cor.~p'etely as if a l cf ~h_ .<.a~d s~ms of rt;oney v~~ere or~9inally st~pulated
te be pa~d on such day, anything in sa;d promissory no!e cr in this ~lortgage ro the contra~y not,x;tnsta~~.c3!ng; ar.d therr upon or thereafter at the opt~on of
said MORTGAGEE, w:thout notitr or demand, suit at :aw cr in equity, therefore ot tlirr~afTer beou:~, n~ay be orosewted as iP ail moneys secured hereby
had matured pnor Io its instifur.on.
7. That in the event that at ths beginn~ng c~f or at any time pendinq any su~t upe~~ this Mortgag~, er to foredose it, or to reform it, or to erforce
paymem of any tlaims he+eundar, sa~d PhORTGAG=e sha~l apply to the Co~rt havirg i~r.sd ct;on :t:~rcof fcr th~ appo~ntment of a Receiver, such Court shail
forthwith appoint a receiver of sa~d mortgaged property a•.~ anci sir~g~'a~, incl~d ng al3 ar.d s;~~,u:ar ~~~e m.con;e, Frofits, iss~es ar.d revenues from whatever
source derived, each ar.d every of wh~ch, it be~ng exp~,as!y unders~uod: ~s h:erc•by ~.~orrg=_,_d :,s :E sFec r~cally set fo~rh and descr~bed in the granring and
habendum clauses hereof, ar.d such Recei~er shaii have a~l the 6road and efiec?:ve funt',ens a~~d F.c.~r~s in anyr.~se entr~sted by a Co~rt to a Reteiver, a~:d
su.h apµointrrent shall be made by suct. Co~rt as an a~i~-~itred ry~ity and a r,atter cf aE:soiu!e r:yht to said M~ORTGAGEE, ar,d without refererce to th~
adeq~acy ar inadequacy of !he value of the property morrgaged or ro the so:vency nr ,~;::~ency of ,a~d 1.10RrGAGOR or ihe defendanrs, and ~hat such
rents, profits, income, issues and revenues shai! be appGed by such Receiver ecco:d~ng ro rhe lien or eqv:ty of said MORTGAGEE and tre praUice oi such
Court.
8. To duly, prompfly and fully perform, d:scharge, exewte, efte:t, comp!e}e, cort;~ly w~th and abide cy eacii and every the stipu~ations, agreen,enis,
tonditions and eovenants in said promissory nos_ and th:s mcrtgagn sef forth.
9. That in the event the ownersh;p of the mo,-t3aged pre~~ises, or any part iher~ef, Ecf^'r,ei ves~ed in a person c~her than rhe h10RTGAGOR, the
MORTGAGEE, its wceessors and assigns, may, witi:out r,o~fce to t~~e h',GRTGr~~, dea: v.:rh sv:h svccesor or successor in intereat Lvith refereate.to thie
mortgage and the debf hereby setured in ihe same rr•anner as w~th .".1ort~ago~ w;tho~t in any ~vay vft.ating or d,scharg~^g ihe Mortga~ors' iiabii~ty !sere-
under or upon the debt hereby sx~red. No sa~~^ of !he pren,:ses hereb; «;orto~ged ard no for'r~eora~~ce cn the Fart of the !AORTGi+vEE or its s::ccessors
or ass~gns and no extension of the rimc 40~ the pay~re~,~ oi ti:e de6t F^~eby sec:,~eu giv~r by ~he :'i~R?GAGcE or lts successor, er asrgns, a:~all operate
to release, discharge, modify change or affect the er~g~na? Cab i~si of ~he I.10RTGAGOR herein, e~rt,er in who e or in part.
10. It is spec~ficai(y agreed that time is of the ess~,~ce cf thls cc~:rroct ar.d that no •Naive! of any ob'lga!~on hereur.der or of the oo'igafion se-
c~rad hereby shall at any sime thereafter be held ro be a v:aiver of the tc;~:s heraof or of fhe ins~r:,:nent secur~d he~by.
I l. In add:tio:i to the 'erec~o n^y mon;}-'•p payTCnts of p~i:,Cps! and in~: r~s~ req: red 6; ri~:e pro:n ;~cry nc~~ sccwed heraby, mertgagor covenants
and agrees to pay ~o mortgagee w:th each m~nthiy pa~r ~ent an add r;onal sum: cs~ n a'eci br morty3gee ro be eqva! to 1 12 of ti~e annual cos2 of the follow-
ing:
A-Ali rcal p;operry taxes levied or ass~~sed ag3i ~s! r}~~ ~b;:e d_s:~ik;_d rral es!a'e.
B--Pra~r,iu:ns an fire and wirdstorrn insurac:e as nerc;n req:::red to bc carr~ed c~i tne :mrrov^~~ents .i!vat2 en t~~~ above described ptemises.
C-Premiums on such mortgaae g~a~ar,ty %nsvra~ ce az r.,~~tg3g^e s'r•,a i`.•c^,. t me ro rme d_em fit to carry on the loan secured hereby.
Mortgagee shai! from time to t~m~ no+~fy mcrt,;zgor :n v:~;t~n3 of tha a~, a.;~t d~.~ ar.d payable h=~zunaor a~id such s~rT•. sha!I tl-ereupon be due and
Fayable on tne d~e dare oT the n•~xt n,onthly pry nant a•~d •~.:cn s,:o=ss~ve n o~;1n t~.ereaf~a. ~r.~i! mcrtn~gee sna': no~:fy m,c•roagcr ef a change in svth
amo~nt. Such s~.~ns s!~a':I be appiied by murtgay_c tov:a-d tF,e par~~•er.t cf real =•eperty '-sxes, i^wraxa pre^~:ums, a,•d rt:ert~age guaranty insurence
premiums.
F WlTNESS `.ti'H F, the said h10RTGAGOR t:as hereunto set his h:nd ar.d seai the day and year first afor~-said.
; ign aled nd el' e d in ihe o~esence o': ~
; (Seal)
~ ~ ~ ~~_...~L4 - (Seei)
f _ ;V~_..L- _(Seal)
- - ----~Seal)
STATE OF FLORIDA ~
55.
COU?J7Y f~F .I,ue i e I
Before me personally appeared ~ t8x' David Lur~dy~ eTY' _ and
V~OZ@, rrLLt7,~_ ~ ~ his wife, to me well kno+hn and kr~own to me to be
the indivEduais described in and who executed she foregoing instrument and acknowledged teEore me that they executed the same for the purposes
therein expressed. And the said ~~Ola Lund~___ - _
wife of the said ~7avid Lundy, Jr. ~ upon a separese and privete
exam~net~on by me taken separe+e and apart from her said h~sband, ackncwledged to and before me that she execueed said ins!r~men? freely and voiun-
larily and witho~t any compuision, tc:istr,int, a,r,prehers n, or fear of or from her said hvsband. L~
WITNE55 my hand and ~fficiai seal this_._______1 _ day o~-__...~______v uaaQ_ , A. D. 19._S~~
' (,v .
Nctary Public ir. and for the 5tata of Florida af Larga
My Commission expires: ~ ~ r, ~C
Returrt To: ~
1
First Federat Savingi & L~an Ass ti
Of Fo~t Plerce. AND RECORQE•D ptOTARY Fu6! tC. ST~,TE r' FIGRlDA,at'CAKGE'•~
•
Fort Pierce, Florida ~N. ~"~_„go(~M( MY G0;',!rliS~iO~i EX?iR~S AP~1. 24~~ ~ -
_ , `-'7~~~~ " _j '
;`a ~ - ~ ( ~ ~~7• Z~ _
•Yv~ ' • .l ~i./'f I . • •~ry `
' _ - i ~ - " ~ ~ ~
~...:~f . _ Ro~E~ ~ai r~AS. C~ERK
' . ~ ; : ST. LUCIE COUNTY,
~ ~ ' ` FLORlDA _
~ ° ` Y
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~a~K~.2~. ~.8 ~
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