HomeMy WebLinkAbout1163 3. To plr_t and continuouxly kcep on 4he bui'dings now or ha eafpWr a~tuate on said I~nd ~~d on •II eQuipmN+t ~~+d p~rwna~~Y cov~red by thi~ mwtq-
p~, with ali prsmiums thereon pa~d in full, f~re insvrance ~n the ~s ~al etar~dard policy form, i~ ~~um approwd by tM MORTGAGEE, and winditwm
imur~~ce en the utwl standard poGcy form, in a su~n approved by fie MC:.~RTGAGEE, in tuch comp~ny or companies aa tM MORTGAGEE may
direci; ~no ~11 (ire and windsrorm insurance poi~c;~•s on any ~a~d buiidingi, sny intere~t therein or p~rt th~~eof, in :he pyreqat~ ium afaeaid or
In ~~etN~ Ihxeof, ~hall cunt~in the uwal•standa~d morrg,gen c~a~_,e or such olher c!ause as the Murtpa9es may reqvin, mikinp tM los~ under Nid ~1fh
ties, each and every, peyab~e to said MORTCAGEE as ~rs inrc•r.,~r may apoear, and tach and every wch po~icy she~t b~ promptty +ss qn~d ~nd d~livet~d to
a~y held by said MORTGAGEE as further sew:iiy io said niu:tg~ge debt, and, rtot t~ai than ten (10) days in advance of the expi~stion of eath policy, to dr
liver to iaid MORTGAGEE a renewal thereoi, to9ethrr with a rece~~N for th> prem~urr+ of such ~snewal; end ther• ihal) be no fire or windstorm insur~ne~
platad on eny of said buildings, any interest therein or part thrreof; vr.less ~r. rhe form atid with Ihe loss psy~blt as aforetoid; and in th~ event ~~y tum
of monsy becomes psyable unckr sucF policy or poi~cies aaid MORivAGEE shall have the option ro racaive and apply the sama on account of the indebted-
neis sxwed he~eby or ro perm~t said MORTGAGORS t~ recerve and use it or any pai: thereof for other pu~poses, wittioct th-reb~ waivinfl or ~mpair
ing any cqu~ty, lian or rfght und~r or by virtue of this mortyage; and in the evenr said A10RTGAGORS ~hall fo~ any ?eaion fail fo kaep the aid premises so
insured, or fail to de~iver prompt!y any cf said poGcies of insurance to said MORTGAGEE, o! faH promptly to pay tu1ly any premium therefar o~ in any
respect fail to perform, distharge, eaecute, effect, complete, comply wirh a~d abide by thia covunanr, or a~y part hereof, ~ald MORTGAGEE may plate and
pay for such inaurance or any parf thereof without waiving or affectinfl any option, lien, equtry, or right undtr or 6y Virtue of this Mortg~y~, and tl+e
fuit amou~t of aach and avtry •uch payment shaii be immediately due and payable end shall bear intereet from thr dete thereof vn+il paid et ths rate oi
nine per centum per annum and together with such i~tereet sha11 be sacured by the iien of this mortgaga.
d. To parmit, tommit or scrfter no waste, impairment or deterioration of said property ar any pert thereof.
5. 7o pay all end singula~ the costs, charges and expenses, intiuding a reaeonable ettorne~'s fee and cwts of abftracts of title, inturr~d or p~id at
any fim.a by sa~d MORTGAGEE, betauae or in the event of the fai~ure on the pert of the said MORTGAGOR to duly, promptly and fully p~rform, diuharq~.
execute, effect, complete, comply with and ab:de 6y each and every the stipulat~ons, agreem~nts, cond~tions, snd coven~nts of ~sid promiuary not~ and thit
mortgage any or eirher, and sa~d toats, chargea a:id eapenses, each and every, shall be immed~~tely due and payable; whrther or not thert be notic~ dt
mand, attempt to coNed or suit pend~ng; and the fvll amount of each and e~ery such paymenl shail bea~ interest from the date th~reof unfil paid at the
rate of ~ine per centum per annum; and all said costs, cha;ges ar.d expenses inturred or paid, ~agelher w~Th Yuth iMlrKt, ihati k» s~tured by th~ G~n of thi~
mortqege.
6. That (a) +n the e~ent of any breach of this ~41o:tgage or default on the par! of the M^RTGAGOR, or (b) in tht event sny of f~id ~ums of mpn~y
herein referred to be not proinptly and fully paid wi?t:in ih:rty (30! days next after Ihe seme se•rorally betome due end payable, without dsmand Or notit~,
or (t) in the evem each and every the sriputations, agreements, conct~!ions anb covenant~ of said F:omissary note and thi~ martQayt any or ~ither •re not
~uly, promptly and fu11y pe•formed, d;scharg~ci, execured, eifetted, compfeted, tomplied with and abided by, t!»n in either ot any wch w~nt 1h~ ~eid ~p~
g~egate sum mentioned in sa~d promissory nore then remalning unpafd, with interest accrued, and all monays securKl. hereby; lhall beeome dw ~nd pay~
able forthwith, or thereafter, at the opf~en ef sa~d h10RTGAGEE, as fuily and completely as if a~l af the feid wnr af m~ney w~n ociQin~lly ~tipulatsd
to be pa~d on such day, anything in sa':d p~o~n~ssory note or in this Mortgage to the contrary nofwiihsrandiny: end therrupon or thdr~lft~r ~t the Option 6f
seid MORTGAGEE, without notice or demand, suit ar la~n• or in equity, therefore or tfiereafter begun, may 6e proue~uted if all mon~yt ~~t~r~d h~r~by
had matured pnor to ~ts inatituticn.
7. 7hat in the event that a` t~~~ beginning or cr at an; time pending any suit upon this Mortyaye, or to fw~clof~ it, or to reform It, or fo snforp
payment of any claims hereunder, said MORTGAG~E sha:i apply fo the Court having jur~sdlction thereof for th~ appointment of a R~ctiv~q ruch COurt fh~ll
Forthwith appoint a receiver of sai~i mortgac~ed properry aIl and s~ngu!ar, includ~ng all and singular the incoma, p~ofits, luue~ ~nd rtv~nuef from what~v~r
suu~ce de:ived, eacn end every of wh~ch, it be~ng express!y „nderstood, is hereoy mortgaged as if apecificslly ut forth ~nd dettrib~d In ihi yr~nti~Q and
habend~m da~ses hereof, and such Receiver shaii have aIt the broad ar,d effecrive funct~ons and powera in enywite entrwt~d by a Court tp a Rettivtr, and
svch appointment shall be made by such Court as an ad n~tred equity and a maiter of absolute right to said MORTGAGEE, •nd without rlfer~ntt to th•
' edeq~acy or inadrquacy of the va!ue ef the property mertyaged or to the so;vency or ~nsolventy of asid MORTGAGOR Or the defendanti, •nd ihat wcfi
rents, profits, income, issues and revenues shalV be appi~ed by such Receiver according to ihe lien or equity of Hid MORTGAGEE •nd th! prattiu of ~uth
Court.
8. To du!y, promptly and fully perform, discharge, execute, efiect, cornplete, comply with and abide by eath and evsry the itipulations, ~yrNm~nt~,
conditions and cevenants ~n said pro~iissory note and tn~s mortgaga set forth.
9. That in the event the ownership of ti~e mortgaged premises, or any part thereof, becomes vett~d in a parro:+ other thart the MORTGAGOR, ihe
MORTGAGEE, ifs successors and asslgns, may, w~fhour no~~ce to rhe MORiGAOR, deal with such sucuuor or sueeessor in intara~t with r~ftr~nca to thia
mortgage and the debt hereby secured in the same manr.cr as wifh Mortgagor w~tFout in any way vitiatiny or diuhsrqinq the Mortpayors' li~bility her~-
under or upon the debt hereby secured. No sa:e of ihe F.em ses hereby mortgaged and no fOrbeerenCe on the pert of fht MORTGAGEE Or iT~ {uttesfOr•
or assigns and r.o exrension oi rhe time fo~ ~he paym.enr of the debt hereby secured given by the MORTGAGEE or its ~uccessori or ~a~iyns, •hall operot~
lo re~ease, d~scharge, modify change or affect the crigmal liab~l~ty of the MORTGAGOR herein, either in whole or in part.
10. i! is speufi;al{y agreed that ti~ne is of th~ es:ence of this contract a~d that no waiver of any obliyation h~reunder or of thR oblipetion N-
cured hereby shall af any time ~hereaher be f:eld !o bc• a waioer of the terms hereof or of the instrumaM secured herby.
11. In add~tic~ to ihe fo:egang rnon;ii'.y i-. ~;~~~~n+s o' p:;n: pa~ and interest requ~red by the promiswry no!e secured hereby, mortqagor tov~nantt
and agrees to pay ro mortgrgee wi;h eact~ mon+h y r,a;: ,_:,t an add rionaf s~m esf:n•ared by mortgagee to be equal to 1/12 of the ennua! toft of the follow-
ing:
A-All real properry taxas levied or assess~_:i ~g::~^st ?i~: acove described r_al estate.
B--Pram:;,rrs on f~re and w:ndsro-~n ~ns~r" cc .ys I,~.r~rn r~,yu;red to be tarrir_d on rhe improvement~ sltvate on the above drscribed premi~~s.
C-Premi~rt~s on such rr,ortgage g~.:ara.^.Sr icst;~a: ce as ~~~~-tgagez sha:! fro~r, t'me to t~me deem fit to tarry on the loan ~ecured hereby.
Mortgagee sha~{ frcm time to time r,c!if~ r~, _s~~r .n v~r~t~ng of tF.e arrou~t d~e and payable hereunder and such sum shall thareupon be dut end
Fayable on the d~e cia~e of the next mor.?h.; p.iy^~•_n~ a~•.d e.;cn :~~aesslve month ihereaft~r until mortgagee ehall nofify mort~agor of ~ chang• in such
a~;ount. S~ch sums shall be appiied by mcrrgag ~e ~o..a;:? ~he cayment of real property taxes, insurante prem;umi, ar.d mortflaye guer~nty insurence
p~emiums.
IN YJITNESS ` EREOF, the sa~d M RIGFGCR has hcrcun~u set his h3nd and seel the day and ytsr fir~ ~foresaid.
Signed, Seel and fi red i ~ence of: ~
~ r S~el)
(S~~I)
- - ~,1~~ 'YI7 . L~l .R~%~`t..
~ -cs.,q
- - cSea I>
STATE OF FLORIDA
SS.
COUNTY OF St Lll~f g I
Before me persona!ly appeared r_____ HQbBY't {I~~l~.tlfl_ end
~ ~ xe1621 M. ~1~t8 his wife, to me wetl known and known to me to b~
tfie individvals described in and who executed ~he toregoirg instrument, and acknowledged befora me that fhey exewted the same for the purposes
ther~in expressed. And the aaid___._ ~ ZA21 M. White
wife of the said ~ObAT't Wrl~tB upon a~eperate and private
exam~nation by me taken separate and aaa~! iro~T~ tier said husband, acknowledged to and befere me that she executed said instr~ment freely end voturt-
tanly a~~d w~thout any compu'aicn, :onsrrairt, arprehens:Dn/c~ar of or from her said h~sbard.
WITNE55 my hand and official seal this_._-_-_~~~ day of , A. D. 19_Sd...~_
Notary Public in and for the State of Floride et Larqe
My Commission expirea:
Return To:
First fedoral Sa~ings 3 Loan Association
qf ; ort P:erce. - ' , L4R`vE
Fort Pierce, Hori~a ' „ :3
' L _ . . . . . v._~~TE-LNJRiT
1 • . .
; ;t ~ "~r FtLED AND PCECBRDE~
r, .~-1,~, , . ~ ~•i .
^ F ~
+ . ` ' ' . _ ~ ~ ' O w
, , ~ ~ ~
'
. ~1 '-t•~
, ~ ~ ~ ~~'G 16 2 : y 6
~r,
• . ....^l• .~.Lti"3L~:.J~.i
i ~ . , . .
,-,~~.~.j...i ,o-..~;; ~ ~ ~ ~oc~r; c~~~K
EOOII~~ ~ 5T. LUC~~ COUNTY,
- y~ ~ FI.~JRlO ~
.'3 A , ~