HomeMy WebLinkAbout2758 3. To p!ace and tontin~ously lzep o,~ tha b~i'dings now or hereaftrr •~tuate on said lend and on a:i oqulp~~ent nnd persona!ty covared by this mortq-
_ ega, w~rh ali premium~ thereon pe d fn fvli, h.e insurance in tha uwal star~dard po:~cy form, in a s~m aHproved by tne ~`.1Jii~ `v.~vEE, a~'~d w~ndst-vr~n
inxe.~rance in the ~aual siandard poi.cy forrn, in e svm approved by !he MQRTGAGEE, in s~ch ce:npany or compan:es as the MORTGAGEE may
d~rec+; and all fire and w~ndsrorm inwrance ~:o:ir~s on any of said b~itd~ngs, any i~terasi therein or part thereof, in th~ a99rcga+r wm afoiesaid or
in e~[esi thereof, Shal) Contain th-r us~~nl ~tandard mo:t9.~;~ae clause ol s~¢h Othei c~ause as th~ Mortgag<e mey req~.re, makiny thn ioss undar faid pa~i-
cies, sach end every, payabfe to sa~d titORTGAGEE as +ts in~errs+ amy appear, and each and e~ery a~ch ~:cy sha l be F~.ron~H~ y ass ~nrd and del~vered to
sny held by said h10RiGAG:E as fur~her sea~rity to said mortgage d~~bt, and, not less than ten (10) days in ad.ance of the cxF~~rat:o~, of each policy, to de-
liver ro said MORTGAGEE a renev:al therrof, together with a receipt for the premi~m o( wch renewa!; and therc ~F~a;l b~~ no t~re o~ w~ndstorm inwrancr
pljted on any of sa;d b~i!dings, any inrerest therein or part thereof, un'ess in the forrn and with the ioss ~ayab:e as aforesaid; and in !he eveni any sum
of money becornes payable under s~ch oolicy or pol~cies sald MGRTGAGEE shall have the opi~on ro recai.e and app:y the sa~~~e on acco:,.~~ of the indebtrd-
. neis sec~red hareby or ro pe+mit sa~d MORiGAGORS to receive and vie it or ary p~;t th~~:~~of tor o~n~ r purp_.<~s, ...~n;,.•t ~h ~d ~r ~~~'P.~~~-
ing any eqv;ty, lien or r~g^t unde~ cr k,y virtue of this mo:•.gage; and in the ev~nt aald M^vRTGAGORS shall for any reason fail to katp thc sa~d premis.s au
ins~red, or faii to drliver promptly any oF s~id poliues of insurance to sa~d MC~RTGAGEE, ot fai: promptly to pay fu':ly any F~rr~.~~~:n ther~~for o~ in any
respec+ fai! to perform, d~scharge, exe.vte, effect, complete, cornply wirh and abfdc by th~s covenant; or any pa~r hareof, sa~d MGR?~AGEE may p~a<a a~,a
pay for such insurance or any part thereof without waiving or atfecting any optioh, lien, eqvrty, or rl~hl under or by v~rtue of th~s Mertgage, and !fia
fuii amu~nt ol each and every such payment shail be immediately d~e and payable and shail bear interest from tho date thereof unt~l pa~d at the rate o4
n~ne per centu per ann~:r. ond re~eih~•r ~n~th such i:iterest shaii be sewred by the lien of this mortgage.
4. To permit, commit or suffer no waste, impairment or detcrioratlon of sa~d property or any part thereof.
5. To pay all and s+ngi~~ar the wsts, charges and eaqenses, inctuding a reasonob~e attomey's fee and costt of abstracts oE title, incurred or paid at
any time by s.;~d MORTGAG.E, beca~se or ~r. the~veM of th~ failure on the part of ihe said htORTGAGOR to duly, prompNy and fu:ly p~rio~~n, d~scharge.
~xec~te, efFeci, cen,p;ete, co,~~ply wnh and ab,de by each and every the stipu!at~ons, agreements, tond~f~ons, and covenan!s of sa:d pro:r,~ssory ncte and th~s
ro~i~ac~e any or e~ther, and sa',d cos~s, charges and expenses, each and every, shall be immed~:;,a'y d~~a and payabie; whether or not rh~re be r,o~~ce de-
mand, attempt to coilect or sut+ pend~ng; and the ful! arnount of each and every wch payment sF~a!i t;ear intcrest 4rom the date thereof until paid at the
rore e~ nine uer cen:~n, F,er ann~ n: nr.d aU said costs, charges and expanses inc~rred or paid, togethzr w~th such i+iter~st, shalt be sewred by the lien of th~a
mor!gage.
6. Thaf (a) ~n rhe evant of ~r.y bi~ach of this Mortgage or defauli on rhe pa.t of the MORTGAGOR, or ;b) in the event any of sa'd sum: of money
hc;ein referred te be no~ promN!~y a~•d fully paid within ih;rty !30) days nent a;n~r the same severaCy uecome d~e and pa~abte, w~thout dema~d or notice,
or (c) ir. the event ~ach ar.d every t}~_ stio~lanons, agreements, condirions and covenants o! sa,d promissory note anu th~s morrgage any o~ ei~hzr ere nof
~u;y, p~qmptiy and fu:ty perfor~r.~c3, d scharged, executed, effetted, Completed, tomplied ~vith and ab~ded 5y, ihen in enhar or any wch ever,t the 4a~d ag
gregate sum ment~or~ed in said prorrissory no!e then remainir.g unpaid, with imerest accrued, and a1i moneys secvred herety, shali become d~e and pay~
eb.a forihwith, or rl~ereafrer, at tt~~ cpron oi faid h10RTGAGEE, as fuily and compietely as if all of th~• sa;d wms of money were org~rally st~~~+atcd
ro he p~ d on such dcy, anything in s~ d prom~ssory note or in this Mortgage to the tontrary notwithstanding; and thereupan or thzreaftrr at the option~T"
sakl M~JRTGAGEE. ~n~ihout ncr;cz or de,r~ar.d, suit at law ur in equity, the~efore or therealter bey~n, may be prosecu~ed as ii ali moneys secured h~reby
ncd matured pr~or to ~~s institotion.
7. That in the evenr ?hat at t're 'teginn;ng of or at any tiine pending any suit upon this Mortgage, or to foreclose it, or to reform it, oi to mforce
E:ayment ef any c!,~n•:s hereu:•.d-~r, s,:~ :ti10^nTGAGEE :ha~i appiy ro the Court having ju~+sd~ction therccf for the appo~r~hnent of a Receiver, such Co~rt shall
fcrthv,i~h a~pc~nt a r~~cei:er oE sa',d r.,crtgag~d property ali and singular, int~ud.ng n!I and s:nyu~ar the income, prof~rs, issues and revenues from whatzver
s: ~•c_• danved, eech snc; every of ch, it being expressiy understood, is hereby mortgaged as if sprc.ficaliy s_t forth and described in rhe yranting a~~d
h.~t e:~dum c ausas he;eof, ar.d s.ch: Rcceiver shail have all ih~ bread and effective funct~ons and powers in ary.v~se entrusted by a Court to a Receiver, and
s.,n ~ppo!n!rne,it shel~ be made 6; s..:h Coort as an admitted eq~ity and a matter of absu~uie r~yht ro sa~d M02TGAGEE, and without reference ro the
a~:i•_a,;,cy or irad_•q~~~:y of tl:c •;ai_; of thc property morrgaged or to the so~venty or inso'.~~ency of said MORiGAGOR or the defendanrs, ar.d ;hat such
~e ~!s, E.roiits, inco~n_•, issues ar~d re•~<<;~es shxii be applied by s~ch Recaiver accord.ng to the Ilen or equity of said MORTGAGEE and the pracr~ce o~ such
Court.
B. 7o doiy, F.rcrrptly and f,';'y perform, ~'ischarge, execute, effect, complete, tompiy with and a6ide by each and every the stipuiatiens, agreements,
:e:~d~t:ons an:i w+cnants ~n sa~d p:o:^ISSOry nore and th;s mcngage set forth.
9. That in tFc eve~:t tha o•.v;~~~rship of the mortgaged premises, or any pait thereof, becomes vested in a person other than the MORTGAGOQ, 1he
M'~RiG?GEE, ~rs 5u[ff55~rS ar,d ass ~ns; may, witho~t rotice to ~he :~',ORTGAOR, deal w~tfi such successo+ or s~tcessor ir, interest wi~h refzrente to this
n~.o•tgnge ard rF,~, d_tt t.craby s~:~re: in tre same mann~r as w~th hlorrgago: w~tho~r in any way vi~;ating or d,scha~ging the Mcrtya~ors' fiabi;ity ~ere-
~~„_~r or ~+,,on ihe d•_i_t h•_r_~_,~ s.:~ d No sa!e of rhe Frem;ses hcreny mortgaged ecd no forbearance on the par, of thr /~!ORTGAGEE or its svccesscrs
cr as<.;g,:s ; rd ~ o exr.~ns!o~~ ci tt c t: =;or tn~ payn:ent of !ne debt here~y secured gi~en by the ~hORTGAGEf or its successor~ cr ass grs, ai~a!I orerate
to re!e~se, d.stharge, r.iod~fy ci:,~,~., or arfect fhe originai liaull~ty cf the MOkTGAGOR here~n, e~ther i~ whole or in parf.
10 It :s spc<:i:c,Gy agreed ;i;,t t~m~ ;s of tt;e essence of th~s contract and shat no waiver of any obligation hereunder or of tha obligation se-
wred 'nereci:y eheli a! an~ ti r,,e rnc~_ ~f:cr oe hcld fo bc a v:a~~ar of 1^e terms hereof or ef the i~~str~ment szcured herby.
1 i. i. _ i.l t ,a ih._ i:;.~.,_., i,. or•fi!y F:ay~n~nts ot pri~-c pai and iotcrest requ~rrd k~y the prpr•; sscry nNr s~ . ~•zd h_!.~b~, mu'iga3or [ove~ants
ar i ag•~ ~s r, p,~y r .~-rg. ~~e n.rr ..:_:n n or±hly F.;,~,~ e~~,t an aud:rional wm es! ~.o~ed b~ rnortyaga•e te b< eyuai to l, 12 of r;,~ ;nnual cost of the foiiow-
ir:y:
A-A!I real ~;-e,^.arr; tax~s or ~ssess~ci ag3i^st rhe above dex~~~cd rra! estat?.
6 Frr ~ o~ f:~e a~,d J;~o ~n I~.,~r.rc~ as i~zre~n req.::red to be carr~rd cn the :m;;roveme~}s S~VJ~_^ on the abov~ d_scribed premises.
C--?re s c^ s,;;h rr:.rr yvaian!y f^sv~a~ ce zs inwf3a^yee Shail frc~. t me to time d~e-~ fit to carry on the loan sec~~re•d hereby.
;'.c.,q :?e~ s~ '~cm ro ~ e r.c:rify mcrt~agcr In writ~nq of th^ a~ro_~t d~~~ and payahle herEUndar and s..~ch s:;^~ sh31i lh~reupun be due a^.d
~ o~ ~i,, d~. c:. _ ci 't~. . ~n?h'.i pa'in ._nr a:-,d eath suaeu~fe mo-th thereaft~r ur.!~i m~rtgayee sna!~ n~t fy m.o.!aager of a chan~e in w:h
, Su_~~ s..•~ s s'~a~i b_ orga~ ~!o:.ard the payment of fGJ~ prcpert~ taxes, ins~ra~c•~ pre~n,u~~5, and r.-:o-ty:3ge guaranry inwra.^.ce
t:'t-;+-~..rc15.
I`J `d~iT~"iE~~ ::HeREOf, ine d.10kTGkGOR has nere~~to set h~s hand and seal the day a year first aforesald.
S:gned, Sealed ard deliverad ~n ;e presence of: ~ i)~~
f~ _ -C~--st~.-? c~C ~ C _ ~ ' _ -
~(Se~
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- - ~ - ~ -
- _ (Seal)
- - - ~.(Seaq
Si~~TE O~ FLORtDA
~ _ . _ ,lrlitlr,~1j', ~ $S.
~ coutiT~c.:d~.~.~.r___~__~5~._ Luc ie ~
. 1. 1~
' `Bc~ior~.wit~~tv~qnall,y. ~p~eared _ L'}lAI'~.8 5 ~_~_b ~ - ard
Ma~gare t W. x 8.~. C OI11b _ his w~fe, to me v,~el! known ar.d known to me to te
thc f';c:~y~du~St 'ci~d'i~t a~c1 ~•tinc, ezec~ted the foregoing instrumeni, and atknowledged befo•e me that they executed the same for the putposes
tht'e~n ~zpirsre~~ A~c~`~th~e~~~id- 1`'18Z'$~'@~ Hfi~COIrib -
af ~the' s~Jd¢ - - _ ~•~1aZ'18 S C Qltlt? _ ucor, a sepa~ate 3nd priva'e
c.aml~3.t~oq by ma=takelM1~_saparste and a;;art fro~ her said Fusband, ecknovvledget! to and before me tha7 she ex~tu`ed sairi instrument frceiy and volun-
tar:iy-, an'~. „~dNkyry~~}~,4om~,{('siori, u;,straint, a~•prehension, or fear of or from h_r said husband.
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WIT'I'JCSF~y`;b~rrH ~td offic~a; seal this--_--_1~ day of_ ~+7u1-.~__---_--- - A. D. 19~~-_-
~ •~i~:titt~!``~~ ~ - - -
~~'-t2= -G<~c.-,.i t'.L~L-v .
tary P~bl~c in and for tha State o .orida at large
My Commission expires: t/~ ~ G~
Return la: r
r;rs~ ~ederai sav~n~s a ~oan AS5~1~~ED AND RECORDED ~'ot?ry sfate of ~!oriria
, O~ Fort Pierce. • ¦ t,?'i ~Ot ;i', C,...,~i~ ' • . , i .
7{~!! -RQCOt'~-B 0 ~ K e~;,~~~~ ;;;'s~~~~~~,;'~~:~.~~~:
Furt Pie?c~, Fioricia
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. ~ . . '65 ~t~l. I 3 Ph9 3 : l 2
- _ ~ ~ ; „ , .
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' . , ~ ROGi~~t 'r'~;~ ; i;a5. CL.ERK
~ ~ . ST. LU~1E GOUNTY,
. ~ ; ; ' FLORIDA
. ~ G~;Rk~ i~ cj~~
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