HomeMy WebLinkAbout2124 3. To place and contin~~o~sly K?C'p un ~he b~'Jings now or hereafre• s~~uate on sa~d ~and a::d cn eq•~~p~~ent ar.d persona~ly r_overed by shis morfg•
aye, with ell premi~ms thrrcon pa!d ~n fuli, t~r~• in~.!an:e ~n the vsual standard po'icy form, in a:um a,:FroveJ by th~ MOR~G :GEE, and windsrorm
in~~ronce in the us~al st.;:rdard pol:cy fonn, in a su~n aNExo~rd by tha MORTGAGEE, in 5uch compary or tompan~es as rhe MORiGAGEE may
diract; •~d alt firt and windsron~~ insuronce pol~c~es on sny of seid bui;d:nga, any iniereet there~:+ nart thereaT, ir, thn aggrega~e aum efotesaid or
In excess thereof, shall contain the uival sta~~dard morrgagee claus~ or wth o~her clause es the lNortgayee may requ~re, mawinp th~ lozs under sa~d poli-
cres, each and every, payable ro aaid Mt~RTGAGEE aa ~ts interesi may ap;xar, and each and e.ery sach po!~cy shait be pron:priy nssgned a~~d delivered ra
any held by seid MORTGAGEE as further secu~ity to sald morlgage debt, and, nG+t !exs than ten (10? days in ~d~an:e of ihe rxpirat~o:i of each poliey, to dr
liv~r to wid MORTGAGEE a renewal theraof, toge~hei with a rectipt for the premlum of such renawai; ~:,d rf;e~e shall be na f;re o~ wi~~da~am imurance
piaced o~ eny of said buildings, any interest therein or part rhereof, un!ess ~n ihe form and w;~h ~he loss payab!e as aioresaid; and in the event any sum
of money become~ payable unde~ wch policy ar po":ues sa~c1 MORiGAGEE ~hall have the ept!on ro rece~•:e an.! app'y the sarne on acco~nl o( the indebred-
nefs aec~r~d horeby or to permlt aa~d MORTGAGJi~S to receive a~d usa it or ~ny part thcreof ro~ o:h_r ~u~; cs~s, w:~i~o~t ~h~nur wa~.i.~3 or unpa~r-
iny any equity, lien ot right under or by virtue of Ihii rno:lgage; and in t?~e event s~:d MORTGAGORS she'.I for any reason fail to keep the said premises su
inwred, or feil to deliver promptly any of s~id poGc~es of inwrance to sa:d MOR?GAGEE, or fo~i pro~*:ptly to pay fuily any pre~n~um iherefor or in any
resped fail ro perform, diacherge, executa, effect, con,a?ete, co~nNly wirh and abida by tn~s covenant, or any parr hereof, said ~d~JRTGAGEE may place e~~d
pay for such insutance or sny part thereof without waiving or affecting any optiun, lien, equ~ry, or righ~ undz~ or by virtue of thls Mortgage, •nd the
full amount of ~ach ar,d every such peyment shall be immediately dve and payable and sha~l bear intere~t from tha dete thereof until paid at the rate of
nine per centum ~r ann~m and to~ether with wcfi interest shaii be secured by !fie lien of thls mortga~e.
To permit, comm~t or suffer no waste, impoirment ar deterio~ation of said property or any part thercof.
S. To pay all snd singular the costa, charges and expenses, including a reasona6le a!torney's fez and costs of abstracts of title, incurred or paid at
any time by said MORTGAGEE, because or in the e~e+v of thr failure on the parl of the said MORTGAGOR to duly, pro~~p+~y and ful~y perforrn, discharge,
exec~tt, effect, Complete, comply wath and ab:de by each and every the stipulat~ons, agrcernents, conditione, and covenants of eaid p~om~ssory note and this
mortyage eny or either, and sald costs, charges and expenses, earh and evzry, shail be immediately due end payab!e; whMher ot not there be nonce de~
mand, attempt ro collect or suit pend~ng; and the Eull a~nvunt of each ard e~ery svch payment shall bear interest from 1he date thereof until paid ei th~
iate oi nine per centum prr ann~:n; and all said coars, cha:ges ar.d expensex :ncu:red or paid, toyether w,th such interest, shall be secured by the lien of th~~
mortgeye.
6. That (a) in the event af eny breach of th~s Mortgage nr defau~t on the part of the h10RTGAGCR, or ie) in the ev?r.t any of sr;d sums of money
herein refe:red to be rto1 p'omptiy and fully paid w~thin fhlrty ~,30i days next atte: thr same severa'ly becumz due and payzl~le, wi?hout demand or notice,
or {c) in the e~ent each and evrry the st~pufasions, agree:nen~s, cond,tions ar.d cavenants of sa:d p:omissury note and th~s m~rtgage any or either are not
~uiy, prvmptly and fully performed, d:scharged, eaewred, effe~ted, completed, sompGed with and ab~ded 5y, then in e~ther or any such event the said ag
gregate sum mentioned i~ said prom~ssory note then ren'~a~ning ~npaid, with intzre,t accrved. and a~l moneys secured hereby, shail become due and pay
eble forthwith, or thereafter, at the oprion ef sa~d h102TGi.GeE, as tully and comp;ete:y as if all of rf,e said sums of money wEre or~ginally stipulated
to be pa~d on such day, ~nythi~g in s3:d prornfssory note ar in this hlortgage to the contrary notwl~hstand:ng; and rhereupon or thereafter at the oplion of
said MORTGAGEE, without notite or demand; suit at law or in equrty, thcrefore or the~:after bagun, may be prosecuted as if all moneys secured hereby
had matured pnor Io its insNr~rion.
7. That in the event rhat at the beginning of or at any time pending any s~~t vpon this Mc~tgage, or !u foreciose it, or to reform it, or To enferce
payment of eny claims here~n~er, said h10RTGAGEE shall opp!y to ihe Ceurf h~vir.g ~unsd~ci!on fhe;uoi fvr ~fie appaptment of a Receiver, such Co~rf sha~I
Forthwith appoint a w_ceiver of said martgaged property aI! and sing~lar, ircl~~d,~g ~~I and smg~Iar the i^come, profi:s, iss~es ard reven~es irom whatever
source de~ived, ea[h and every of which, it being erpress':y ~~r,dersrood, is he:~by mer!ga^,ed as if speclfical;y sei forth and descr~bed in the granting ard
hebendum da~ses hereof, a~~d w~h Receiver sna±l hava aIl the broad and effecr;ve funct,cr,s and powers in anyw~se entrusted by a Co~rt to a Receiver, and
wch appointment shatl be made ay svch Ccurt as an ad:nitted eG~,ity and a maner ef absolute r.ght to said MORTGAGEE, and without referenre to the
adequaty or inadequacy of the val~e of the property mortgaged or ta the so~ver.cy or ~nscivency of said MORiGAGOR or the defendants, and rhat svch
rer.rs, profits, income, issues and revenves shali be applied 'o~r sutn Receivrr accord:n9 to the lien or equity of sa:d MORTGAGEc and !he proctice of sucn
Court.
8. Te d~ly, promptly and fully perforrn, discharge, execute, effect, :omplete, cernply w~th and soide hy each and every the st;puiations, agreemer.ts,
conditiona and coverants in sa~d promissory ne!n and th:s rr._rtga9e ss~t fortn.
9. That in the event the ownersh~~ of th~ n:crtgaged prem~zes, or any part tnerecf, ~ecomes vested in a person other than the MORTGAGOR, the
MORTGAGEE, its successors and assigns, ma~„ v~iehout neticc tc !he ~~'.OR7GAOR, deai ~viti~ s~ch succezsor or s~ccesser in interest wifh reference to ihis
mortgage and the debt hereby secured ir !he sam~ manner as with f.lerrgagor withour in any way vit:ating or d:scharging the Mortgagors' liability her~
under or upon the debt he:eby secured. No sa'~~ oF ~he ~~e~t,lses hereby m~rtgaqed ard ne forbearanCe on th~ pnn o4 tna /J40RTGAGEE or its successors
o~ essigna and r.o extension of the time fer rhe F:ayrnenl of tF.e deb? n~~~~by secured given by the MORTGAGEE or its svccessors or ass~9n~, >hall operate
to release, d,scharge, modify change or affect ihe orig;nal iiab,~:ry oT the MORTGAGOR herein, either in whole or in part.
10. It is spec;ficaliy aareed that time is of the e5sente ef rhls cc:~iract and lhat no waiver oi or.y oE~igatlon hereurder or of the ob:~gation sr
e~red hereby shali at any time thereafter be heio to be a v:aiver of ?he t~rms herecf or of the instrument s~cu~ed r,e~6y.
i l. In acid.tio? ro the fore~e'c~g me~rt~ly payn °nos of prin: p~i and ime-;sr reav~red by the prc:n sscry nore sc;ured heseo~, mor~gagor eovenants
and agrcet to pay to mortgagee v+i!h ca:h menth'y payr,ent an ad~ ~~onzl su-:: es} ~'ated bj mor!yaaee to Le ey~al to 1. 12 Of the onnual tost of ihe follow-
ing: ,
A-A!) real F•roperty taxas le:ied m aases<eti ag~;•~.st the acove d-_scr:^._d real estate.
B-Prer;i~ms en fire and vvir.dsrc•~~~ ir.surarce as ce'e~n reG~ re~ ta bs ca•ried c•~ th_ ,:rova~neo?3 s tuate on th: above d~scribed premises.
C-Premivms on such mo'tgaoc~ q~aransy inswar.te as morrgage= sF,a~i frc~r t rr:e ?o ti:r.e deem fit !e ca:ry on the foan secured hereby.
Mortgagee sha'I fro~n ii:ne to r~°,e no+~fy rcert,~g~• :n ..•6t~ng of the d~~ ar.d psyzb',e hereur.d~! ard such su~~ shal! thereupon be due and
payab~e on the c?ue.date of rhe nexr ~~c-~th.; n.;y•nen! ar!d each SUL'.~S:i<C ~.~c~-th ther_aitar u:-.+i~ m^_rtga~ee shail r.ot:fy rt~o~tgaGOr of a change in such
amouM. Svch wms s~aii be appiied by mcrtgay~e rov: ~rci tF~e F,~;rr~enr of rca! pro~eny !axes, insvran;a prE;n ums, aod mertgage guaianty irsurance
premiums.
IN WITNE55 'NNEREOf, the said MORTGAGOR h,as hereur,to ser his har:d ard seal thc day a~~ year ,;;t a`ores '
~ r
Sign , Se ed end delivered in the presence cf:
. r
- (Sea!)
~j ~[!~._!Jt (Szal)
' ~(Seal)
~ - --(5eeq
STAiE OF FLORIDA
~ SAint Lucie ~
COUNTY O.
9efore me personally appeared T~~~i ~ EI1~.`~ _ - _ and
,A7+7'~'~ @ x. ~",'111~ his wife, to me well known and known to me to be
the individuala described in and who execvted th~ foregoing instrument, and acknowledged before me that they executed the same for the purposes
therein expresaed. And the said C'~rT'i6 H•
wife cf the •aid ~O~ D e i~ , upon a separate end privata
exam~nation by me taken xepacate and apart from her sa~d husband, acknowledged to and oefore me that she execured said instrument feee~y and volun- :
tarily and wlthout any compulsion, constra~r.t, apprehensi~~n, er fear of or f.om her said husband. ~
VJITNE55 my hand and official sea~ fhis---~..t~:=,`.__~ dsy of e~_ ~ , A. D, i9 ~
~ ~ - - ~ .~010 _ _ ~ ~ - y-------- :
~ Notary P~biic in and for the State of Ftorida pJ•{~?gtr•.,
> ~a
My Commitsion expires: `
Retvm To: ' ' a-,- 'f T l
. ~,1
Frat federa! Saving~ b lre~~ ~,i ; "
pi Fcrr P!d~ ~'d~~ .
• .
. Fort Pierce, flo~ida ~~r~ . ~ ~ • •
: ; ~ NOI,~RY i'~6lIG, S1RTE ~t Fl.~RiDA at LARGE _
q e ~ Q~ o O~ MY C0:`•'MISSiCN EX?iFES F~AR. Z4, 1969 ; ~
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