HomeMy WebLinkAbout2168 3. To place and contiziuo~~sly keep on the bu~'d;r.gs now or he'e~!ter s~ruate ~n s.~~~ ~ar.d d c-i c:7•~:H'~enr and personally covered by this morig-
ege, with all prem~vrc:~ thereon pj;d in fuil, f~~~• inwra•ce in th~ ••s~ai s•aniard po!icy lorm, in a s.•.^.~ r,:pro~eci br tne Mt~~'..vAGEE, and windstorm
insurante in rhe vaual standa+d pol:cy form, in a su n app.'oced 6y the R10RTG.AGtt, in wch co:r.pany or cen~pan',es aa the MORCGAGEE may
diraet; and aU fire and w~ndswrm insvrante polic:es on any of eaid build:ngs, any interest rhe~eln or part th,reo', in tha aggr~yare wm aforesa~d or
In excess theieof, shall :ontain ihe usual standard morrysyee C iJSC' ~r such oihcr cfa~se as the Martgagee rnay rryu~re, making thr. toss under aa~d poli-
eies, each and every, payablr ro eafd MOkTGAGEE as ~t~ interes~ ~~~ay appear, and each and e~e~y iuch p::::cy ~hatt be promprly ass gned a~~d dz:~vared ~o
eny field by said MORTGpGEE as F~rther security ro sa~d rnertgage d~•bt, ar,d, not less ~i,an ter~ ;10) days i~ adya~~ce of thz exf~raron of aach pol~cy, to de-
liv~r to Mid MORTGAGfE a renewal thereof, togerher wirh a receipt for the p~emium of avch reneha~; a~~d in~~re sha~l be no f~re or windsto~m ins,;rance
p~aeaK1 y of sa~d bui~d~ngs, any interest therem or part rhereof, unless in fhe ferm and w~fh tne Icss payab'e as afcresa;d; and in the eve~t any sum
of mon~r~comes payab!e uncier s~ch policy or pcl~ci~s sa~d 410~TGAGEe sh:~~i have the opt~en lo rec~~F1e :,~:J apH!y tha same on accovnt of the ind'ebted-
neas u hereby or to permit sa:d MORTGRGG~RS to recci,~e and ~se it or any c;ar1 ~h.°:eof lor oin:r ~~r,:,s.s, ::~+F~,; th:•~o, ~,,;.r~i~~ or ~~.,pa~r-
ing any equity, ~ien or right under or by virtue of th;s mortgag~; and in the cvent sa,d h10h'TGAGORS shail `,cr any re3son fai; to krep the said pre+nis~~s so
insured, or fail to deliver promptly any ol s~id policies of inaurance to sa~d MORiGAGEE, o~ f~~i p': ~~~ptiy to pay f~~~y any ~]'G'~~LJ~II therefor er in any
resprct fail ro perform, diacharge, executa, effect, complrte, co•~~p~y wirh and ab~da 6y th~s covenant, or any p,~rt hereoi, sa~d MORTGAGEE may piace and
pay for wch ins~erar.ce or any part thereof without waiving or affeding any uption, lien, equity, or righr vndrr or by virtue ot this hlortgage, and the
full ameunt of each and every such paynsrnt sha~l ba immzdfate!y due and payable and shail bear interest fram th~ date thereot until paid at the rate of
nine per centum per ennum and toge~her Kith svch i~tercet siia~i Ge sac~red by the lien uf th~s mortgage.
d. To permit, commit or stiffer no waste, impa(r:~~ent or deteriorafion of sa~d property or any part thereof.
5. To pay all and singu~ar the costs, charges acd expe~~ses, indudirg a reasonab!e attorney's fee and costs of abslre:ts of title, inturred or paid at
any time by sa~d MORTGAGEE, betavse or in the event of the fa:lurc on the part of ,he sai~ h10RTGAGOR to duiy, promp!ly and f~lly perform, discnarge.
execute, effed, Complete, Comply with and ab:dr 6y each and every ihe stip~latfons, agrz~en,ents, tendit~ons, ar,~{ covenants of said promi;sory note ar.d th~s
mortga5e any or eirher, and sa~d costs, charges a~id expenses, eacn and every, shal; ~z ;mmeci~ately d~~e zrd pa;aLie; wherher or not the~e ue nor~ce dr
mand, attempt ro cotlect or suit pend~~:g; and rhe fui' amovnt oi each and e~ery wch payment siwll bea. ~nrerrst from the dzte th~reof ~nt~l pa~d at the
rate ef nine per centum per anru:n; anc aii sald cosrs, ci,arg~s and cxpenses ~nw~rrd or pa~d, together w~th s~th ii~terest, shall be setured by the lien of th~~
martgage.
b. That (a) in the event nf any breach of this Mortgage or deiault on the part of the ~ti10RTGAGOR, or (bi ~n the event any of sa'd s~ms of money
herein referred ro be ~ot prornptly and fully pa~d w~rhin th:rty (30) days nexf a'rr~r the san,e severa',y 6eco~;e due and payeble, witho~t demand or nof~ce,
or (c) in the event each ar.d every the stipulations, agreements, conditions and covenanrs of sa d pran~ssory nota and th;s mortgage any or either are not
iv1y, promptiy and f~liy perfo~med, d;schar9ed, exec~ted, etfected, comp~eted, co~npl~ed with and ablded yy, then in e~ther or any wch event the said ag-
gregate sum menrioned in said promissory note thcn remaining vnpaid, with irtere~t accrued, and a~i moncys sec~red hereby, shali become due and pay-
eble 4ortliwith, or thereafter, at the option of ss~d '.1021GAG[E, as fuiiy and compfetely as i( a~i of ihe said s~ms oi money were or~gina;ly st~pulated
fo be paid on such day, anyihing in 5a.d promissery note O: in tni3 AAortgage to the tontrary r.ot..ith,5tand:ng; and thereupon or lhcvea4ter dt the option of
said MORTGAGEE, witheut ~ot~cz or demand, s~it at iaw o; in equity, the~etore or thereairer be9un, mey be prosecuted as if all moneys sea~red hereby
had matured pnor ro ita insti!ution.
7, That in the eveni that at the beginn:ng cf or a± any time par.d~ng any su:t u~^o^. ihis Mortgage, or to foreclose it, .,r to reform it, ar to enforce
payment of any ciaims hereunder, said MORTGAGEE shall apoiy Io the Court havirg jurisd:c~;on fhereof fcr the appo~ntmem of a Receiver, such Court shail
forthwith appoint a receiver of sa~d rnortaaged property a{I and singvlar, incivd ng a,: a~,d si~~:;~~iar tt,e irw;ne, pruErts, issues and reven~es from whate~er
so~rce derived, each and every of whlch, n be~ng express'y unders~eod, ~s ~ercb,r ~~~er;gsged as if spec~{ically se! forth and desu~bed in rhe g~anfn~ and
hat~endu~n cfa~ses hereof, and wch Receiver sha~i have a~l ~he broad and effecnoe fu:~.:s c~~.s and powers in any~;se entrus~ed by a Court to a Receiver, and
s~.ch appointme~it siiai! be made by such Co~rt as an ad,nitted eq~ify and a n,auer of 3t:soi~te r~ght ro seid P~+.ORiGAGEE, and w~,hout refErence to the
adequacy or inadequacy of the va!ce of the property mortgaged~ or to the se,ver.cr or ~r.;o:vency ol said h'~ORiGAGOR or the d~iendar,is, and fh;t s~ch
rents, profits, income, issues and revenues shali be apclled by such Receiver accerd.r.g to the lien or equify ot sa~d f110RTGAGEE and the pracrice of such
Court.
B. To duly, promptty and fully pe~form, d~schsrge, execut„ effec;, tomp'ete, co~nply •~~;th and abide by each and every ihe stipulations, agreemeMS,
conditions and cevenants in sa~d prc+missory note and th~s rt+crrga;e se~ forth.
9. Tha! in the event the ev~~r:ership of ihe mortgaacd pren•~ses, o• any part thc~eof, cecomes ve_ted ~n a pe*son othe~ th~n the MORTGAGJR, the
MORTGAGEE, its successors ar,d ass~3ns, may, without notice to the !~.ORiG?JR, deal +n~ri; sv:h succ^ssor or successor in interest with referente to this
mortgege ard the debt hereby secured in rhe same n:a~~ner as w~th tr~.ortgzgc~ w;nc~ut in ar:y .vay vit;ating or d;scnarging the fl~cr:gagcrs' liability here-
under or vpon the debt hereby secur•~d. Nn s~ie of ~he ~re~Js•~s hereb; mortgaged and r.o foreearar~ce o~i tne part ~f the IAORTGt.GEE or its SuCCc'SS7~5
or assigns and n~ eatension of thz rirnc Sor tne payn•:c~~' or t%•e deb! h~reby secured giver by tne ~:.ORTG:,G:'. or its su<cessora or ass:gns, ai•~ail operate
~~elease, discharge, modi(y c~arge or a`fect the original ci::o ; ty of the lP,CRTGAGOR herein, e:ther in whole or in part.
10. It is specifically agreed that time ~s of the esse~,ce of th:s ca~rracr ar.d !hat r.o vvaiver of any oE•'~aat:on here~nder or of the obligation se-
d htreby shall at any time tnereafter be he;d to be a v:~i~er of t!~; teres hcreof or of thc i~~st•~r'ent securod he'by.
tl ~ ln a~ op to the forego'n9 m.o~th!y p~yn-,ants of ~nc pa~ and r es~ requ re~ by !he p•am s~ory npre s::u•ed hereby, rnortg3~or eovenants
and agrees to mortg~gee ~nrith each rncn+h y pay~.:ent ar dd:r,onai sv^~ ~sr ~ a.ed b1 mo•t~a~cs to b~ ey~a~ tu 1 12 oi t;.e an~~o! cusf of the tal•.aw-
ing: ..R= M1
A-All realrproperty taxea levied or 3S585SCU .C~:~'?St 1(tc aco.e des_~~~ed raa! cua;~.
r~mfums on f~re and windstxn; insv~arce as nerc~in r~e,~ rcd to b_ ca~-;ed cr: the :~r;:rovc~nen!s s:!ua'e on th~ above d_scribed premises,
remiums on s~ch mo~tgegz guar,nry inr.,ra; c_ ~s n,orry,g•_~ sh;:i frc~. ! ~•e ro ts~~-~ d_c•., f;i ro carry on rhe Ioan sec~:ed hr.e6y.
hAortgagee shail frem t~me fo tim? no'ify mcrt;;g~r :n •r.r;!~~^y o~ ihe a~.o..i! d~^ ~nd payab`,e h^_rcucd~r ar~d s.;;h S~J':: Sl~oil th,~reupon b~ due and
Fayab!e on the due date Jt th= n~tt mor:tr;y p`yn,_,. and e:c'~ s~~cessiva r~~ti, t:;erea{r,r ~rtil r..cr,g3gee sF,;!! cor!i~ rro~r~a,or of a chan~e in s~~ch
amount. Such sums sh.a;l be app!ied by rnertgayc•e te~:ard !ize payrren! ot re;; preper!y ta~es, ~ns~ra ~.ce f:~t':TLU:i:S~ a~~d mortgage gvaranty insurante
premiumt.
IN YJITN:55 'NHEREOF, thz sa~d MORTGi.GOR nas hcrr,u~to set h:s hard and seai the day and year iir3t aforesaid.
C.,, ,S~gned, Sealls
g~ and deliver i he preser.ce of: ,
LLa ~Y 1~ -E~-~-_ef enl)
x~~~'~~~ -(Sealj
~ ~~i~' CR'_~,F'~ ~ _ ,~u~..,.-s..~ (Seal)
_ ~ t5eat)
STATE Of FLbRIDR
COIif~TY OF ~ain9~ Luc iE~ ~ •
Before me personally appeared _ __T~' ~ $nr~mAn ~ ar,d
~'.t}1F1~ H~rtm~r~ _ hr: wife, to me well known and kno~,vn to me io be
Ihe individuals described in and who execu'ed the Poregoing instrument, and acknowledged before me that they exec~ted the same for the purposes
th~rein exprested. And the s~d_-___-__ Ethel ~'tOI'tI?1~.Y1 _ _
wife of the said • E' f HOr''~MQ21 ~ , upon e senarate and pi~vale
examination by me taken separate and apart from her sa;d h~sband, acknewiedged to and before me that she executed said instrumPnt frealy an~ vofur~
taniy and withcuf any compuisi~n, ccnstr~;rt, eppreh cr or e of or from he: said husband. ,
WITNr~S my hand and offiual seal this___~__~~~__ day of___.._~_~ t . J~ .~.Qy„~'G,. 19~
r'
~ ~ - ~ `'s•• ~ ' ~
.
~ N Tary ~c ~n and for t a~
.
My Comm ~ ST~~ ` ~ ~
Return To: ' MY ' ~
~
:
Firet Federal, 5avings 8 Loan Associar~on p ~~+~F{d~ ~ C :
~ ,.D:.Fr:! P:erce. REC (~D~o / { ~...>}4~' ~g . ' -
`i
i~~. ~800K as/4' ~ " _ • ,
Fort P~erce, Florida 1 ~ !R~.
, '1 . r., -f , ~r~~ ,.rC~~' R~rTeF~
. / .
. '65 JUN 2 8 PN 3. I 9 ~
~ _ . • ' ~ ~ ~ _i ~~;~:~t) _
- • ~ ' - ROGER POi7RAS. CLERK ~
. ~ ' ' ~ . ST. LUGtE COUNTY,
- ~ ' ~I.ORiD~!
. ~ _ 0 ~t ~
~r , • BDQK ~u~,~
. ~ ~
,
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