HomeMy WebLinkAbout2659 3. To place and conr~n~ously keep on the b~~:d~ngs r~e~n e: hrrcaftzr s~+:~!a on i~ '~,,d a:d c~ cqulp~r~ent and personaily coverpcl by thi~ mwty-
p~, with a:l prtm~uma thereon pa~d in tuil, f~re ins~ra.xe ~n th_ ~•sua~ sra:ular;! po:;cy fvrm, in a s«m ap~rovad by she .MCR~GAGEE, and w~ndstorm
insurence in ths usual uandard pol,cy form, in a w~n a}:provzd by th~ MORTGAGEE, in such tompany or compan~es as ihe MpRTGAGEE may
direct; •nd all fire and windstorm insurance poiic~es on any of said 6uild.ngs, any intarest therein or part therec', in t!~.~ agg~ega~e sum aforesaid 4r
lo ~xcest thereof, shall contein the usuat sta~~dard ~r,orrg.+qee clsvse or such ofher clause as tha Mortgagee may rrqwre, makiny the loss unde~ sa~d poli-
Cies, each •nt/ evsry, payable to seid MORiGAGEE aa its imert•s1 may apF~ar, and ea<h and every s~ch Fviicy shali F~ promptly ass gnad and detivered t0
any held by said MORiGAGEE as further security to sald ~nortgage drbt, a,,d. nat !ess than re:~ t10? days in advance of the expiration of each poGcy, !o dr
~iver to said MORTGAGEE a renewal the~eot, togetha~ with a receipt for thr premi~m of wch renewe ; a~~d ~hrre s*~ail br no f~~e or wi~~ds~o~m insuran<e
placrd on •ny of uid bvi!dings, sny interest therein er part thercof, ~nless in tha Form and wi!h the :oss payable at afor~said; and i~ fhe evenf any sum
of mo~ey betomes payable under aoth pol7cy ot pnl~cies said Mi]RTGAGEE shall have the opt:on to rr•ce~~e and app!y the sarne on acco~nt of fhe indeWed-
ness secured hereby Or to permit said MORTGAGORS to receive and use it or any .,~~t the:•~o! tcr o;n~_: F:~r~,osrs, ~,:fho..! in.•<<a1 w~ioi~a .;r unp~;:-
ing any equity, lien or ri9ht under or by virt~e of this mcr•gage; and in the event sa d M0r2TGAGORS sha!I tor any reason fail to k~~ep the said pr~miizs io
insured, or fe~l to deliver promptly any of xaid pol~ties of insurance to sa:d MORTGAGEE, or f~~l p~o~~:ptly to pay F~:ly any pren'~~um therator or in any
resFe<t fail tp p~rfwm, discharge, execute, eflect, comple~e, comply w~rh end abide by ~iiis covrnant, or eny parr hereof, s~~d M;~RiGAGEE may piete and
psy fw a~ch intvrarxe or +ny part lhereof w:thour waiving or affecting any option, lien, egu~ty, o~ r~gM under or by v]rtue of ihis Mortgage, and the
full amovnt of eath ~nd trvery S~ch payment shall be immediately due and payable and shali bear in!~•~est from tha data thP~eof unti~ paid at the ~ate c~!
nine per centum pet annum and togeiher with s~ch interett thaN be secured by the lien of this mortgage.
4. To ps~mit, eommit or suffer no waate, im~a;rmenr or deteriorat(on of sa~d property or any pnn thereof.
5. To pay aA e»d singular the costs, charges ard expenses, incl~ding a reasenable attorney's fea a-,d cosis of abstracTS of t~tle, in~urred or paid at
eny time by ~aid MORTGAGEE, because or in the evpro of the fa~lure on the part of :he said MGP.TGAGOR :o duiy, pro~»pNy and fv!!y perfo~m, d~scharge,
executt, effett, eomptett, comply with and ab;de by each and every the stipulat~ens, agreem~nts, tOndilions, anc! cave~lants of aa~d promissory note and thli
mortgage any or either, and said costs, charges end expenses, each and every, shall be immed~ately due and payable; whether or no~ there be notice da
mand, attempt to coilect or wit pend~~g; a~d the fufl amount of each and e~ery svch paymenr shall bear ;meres~ from the date thereof until psid e1 the
rate of nine per ttntum per annum; anc: all said cosis, cha:gzs anri cxncnses incu~rrd or pa~d, tog~ther w~th such interest, shall be setured by the lien of th~s
mortgsge.
6. Thet (a) in the event of any breach of th~s Mortgage or defau(t on the part of rhe MORiGAGOR, or ib) in the event any oi sa:d sume of money
hcre~n referred to be not promptly and fully paid .virhin th,rty ~30) diyi nerr atter the sa~ie severa:ly become due and payable, without dernand or nofice,
or (c) in the event each and every rhe stipu:ations, agreemenis, cor.d~t~o~u and covenanrs o' sa J promisscry note and th;s martga~e any or cirher are nw
~~ly, promptly and iully performed, d~scharged, ex~~wied, effected, completed, compl~ed with and ab~dad tiy, then in either or any s~ch aveN the sa~d ag•
Qregate sum m^ntioned in seid promissory note then remaining unpa~d, with interest accrued, and a~! mo~,eys securrd hercby, shall becvme d~e and pay-
able forthwith, or thereafter, at the opf~on ot sa~d MORTGAGtE, as f~Ny and comp!ere~y as +f a~! of fh;• sa:d sums oi ~r.oney were originally sNpulated
to be paid on sucii day, anything fn sa:d prom~ssory note or in th~s Mortgag: to the con~rary no~..~ihst~r.d:ng; and there~pon er thereafter at the option of
said MGR?GAGEE, wlthout notice or demand, suit at law or in equ~ty, th~.refoie or thereaiter beyu:~, may be prosecured as if a!! morteys setured hereby
had metured pnor to its inititut+on.
7. Thet in the event that at ihe beginning of ar at any Hrne pending any su~t upen th~s Morryage, or to foreclose it, or to reform it, or tn enforce
paymtnt of eny claims hereunder, said MORTGAGEE shall apply to the Co~rt havirg j~~~sd c+~or, thereo' for the appointment of a Receiver, such Courf sha~{
forthwith apFoint a receiver of said mortgayed property aIl and singu~ar, inrvd ng ~:I ard s~~~_.~u~ar the ir.come, proirts, issues ar.d revenves from whatever
wurce de~ived, each end every of wn~ch, it being exprossly ~nderstood, is Fereby n:errgaged as ~f spec,Lcaily set fonh and descr~bed in the granting and
habendum c~auses hereef; and such Receiver s~ail have ail rhe 6road ar.~i effec~~ve fi:r.cr e+~s a~~d per~ers in vnywise entrusted by a Court to a Receiver, and
s~ch appointment shall be made by s~ch Court as an admitted equity and a rra~!er of absa!u~z r;aht to said A",ORTGAGEE, ard w~shout reference to the
edequaty or inadequacy af the value of the property mortgayed or to th_- so.vency or ~ns~ vency of said NOR(GAGOR or the defendants, and ~hat s~ch
rents, profits, +ncome, issve~ and revenues shail be applied by such Receiver accord:ng io the lien or equity of said MCRTGi+GE: and the practi:e of such
Co~rt.
8. To d~ly, promptly and fully perform, discha~ge, eRecuta, effecr, comp cte. cen:p:y v:~!h ~nd ablde by eacfi and every the stipulations, agreements,
eandifions and covenenrs in sa~d promissory note and rh's n,,~tgage ser ior;h.
9. 7hat in the evem the ownershlp of the mortgaged premis~s, or any port !hereci, Lece:nes vested in a pcrson other th~n the MORTGAGOR, the
MURTGAGEE, irs successors and 3sslgns: ma~•, .•.;~i,o~t nonce to +he :'.O~iG~OR, dea: w~~h s~:ch 5.:CCc'SSC! or s~ccessor in interest with reference to th~a
mor+gage and tfie debt hereby sewred in rh= same r:anner az w~+h !.'o~rgagor w;th~ut fn ar,y •„va} vitiating or d scharqing the Rlcrtgagors' f~ability here-
under or upon t~e debt hereby secu~ed. No sa'e oi ihe pre~n:ses h~;eb~ mc~tgaged a~•d no fcrbearon~e on the part of ~he t.10RTGAGEE or its s~aessors
or ass~gns and no exre~sion of the t~me for the payment of tFF debt hrret:y secured g~ven by the 'AJRTGkG'.E cr irs svcce5sofs cr asslgns, aha!I operate
to release, d,scharge, modify chargz or af`ect !he or~ginal liac.;;ty of the A'~CRTGAGOR herem, eitF.er in whole or in part.
10. It is spet~fically agr~ed that time is of thA esse^,ce -f this contract ar.d that no waiver of ary obGgat~on hereunder or oi the obligstion !e-
e~red hereby shall at any time thereafiFr oe he'd to be a wa~,er of thc term;s herco{ or of the insrru~nent sec~red herby.
1 l. In add,tlo~ to the foreaol,g rrontf,'y pay~rents of pr:- Cpal and inr~-: sr re?v~reti by ri~e pro~r,"ss~.ry no'e secured h~~reb~, ~nortgagor eovenants
and ag~ees to pay to mortcag:e ,~ith each e~,on!h!y pa~r, ent an ad~:~~c•ia! s~^~ _s• ~ a!cci 6; rr:o•tg~gee to ce ey~~al to l, 12 oF t~~e an,-~ual cost of the foi!ow-
ing: '
P.-All real preperty raxes lev~ed or d5525Y~:i ag,~l,st fhc a:ove desu;;~d ic3t es!.~re.
B-~Premiums on fire and wi ~dsrorn, inswa~ce as hcrein ~cqu:red to be carried rr, tne ~;~oveme~ts s~ruate en iF;a sbove d_scribed premises.
C-Premiums on suth morf~aga qvaran!y insurar ~ct as ^l~'?;~3~c'C S~1dI; fr~r t r,,c to h,^_ d:~~:-} fit 'o c3rry on the ioan secu:ed hereb~r.
Mortgagee sha!I fro~n iime tu t~^~e nc~if~ mortg~gcr ~n .,r~•:ng of the a~re.^t ti;c and p,yabie hereund~r a;~d such su~~ shaii ~F1C~CUf]O.•1 be due and
~ayaEle on tne due da!e of the next n,oath i p;f're.~r ar.d e~ch s.;cccss;ve r„~±h ti,,-rc•af~.~ ~;:r~; mutgagee sh.~!I not~fy mortgagor ef a char,~e in s~ch
am~o~~nt. Such sums sha!i be applied by mo~7oayce toward the payme~~t uf rey~^ prc~:err~ tar.ea, insu:axe ~.rern ums, a.~d mc;rgage guaranty insurance
premiums. .
IN YJITNESS V~ReOF, !he sa~d N10R7vkG0~ has hercunto set his hand and scai the day and year firs~!e:ai~
/ ~ned, Sealed d d~i vered in the presence ef: ~
~ 1~L.(G..e.eu/sl..~L..r J7~~t~~~:-s"' '
. !~,'itnes~ am . r n -~~s~~
,r' 7'11Grn.~ Q-~.~~ ~ / . tSeat3
t~'itnes ~ aron , ~ur s
($en I)
STATE OF f~ 9xA$ •
~y~,p ~ S5.
COUNTY OF ~ L~.~~' 1 •
Beforr me pcrsnnally appeare~3 ..~[j,,,,~ AYCI A~ y~~gj~~021 end
~ _ h:s wife, to me well known and kno•,ivn to me to be
the inc~ividuab escribed
i~n~a~t~ who executed !he foregoing instrumen and ack.go-w:edged before me that they execured tne same for the purposes
therein expressed. ~lnd the ~eid Shal~On G• ~igLII~G~30n _v _
wi{e of the said ~~~.~ia~ A. ~u~~30n _ ~pon a seperate and p~ivete
examinat~on by me taken separate and apart from her said huaband, acKnowled~ed to and before me that sha exewted sa:d instrument frsefy a: d volun-
tarily and wiifiout any tcmp~!sjon, corstraint, apprehe~: on, r fear of or frorn her said husband. L
WITtiE55 my hand and ~fficiaf sea( this.__~._._~. _ day of__ ~!7~e ~ A. D. 19 V~
' ~ - ~ ~ ~
, Not3ry .,lic in and fo: !he Sta!e of Fiorida at large
My Com~n~as~on expires:? ' ~ ~ ~
Return To: •
First Federal Savings d Loan Associati~n.:.:+'`
Of Fort P:erce. EC~ ~G~
fort Gie;ce, florida . ~ O O K '
~ ~ _ _~~~9 ~e~ ~
~ ~F ~ ~ C~.,,,4.-~ ~ . . , .
~ '65 Jl1~ ~~12, P~ }'3 : , ~ ~ .
I .
p C. CO~,~.j~!!~{. l t i~fi~ `-.r , , '
c,, .
~ ROGER r0~ i r~AS, CLERK • ' - ~
. ~ ST. LUGiE COUNTY, • .~z'
FIORIDA ~'~-r;;; ~ ~ '
, .
BGpK 1~~ iLSU
~f.t9' . _ . . ~ ~