HomeMy WebLinkAbout0730 3. To plsce end continue~sly keep on tF.e buiidMgs now er hereafter s~tuate on sa~d land and on a!I equipment end penonaliy covered by thir martg•
ege, wilh jll premi~ms thereon pa d in ful!, frte ins~ra ~:e :n thc uwal sfar.dard po'~ty form, in • sum e~ pr~ved by the MUkIvAGEE, •nd w~^dstC~m
inwrance in the vs~,rl standard ool.cy Fonn, in a sum aF%,~ro+ed by the MORTGAGEE, in such ccmpnr.y or tompan~es as tha MORTGAGEE rnay
dirrct; end all fire and w~ndstorm insuranca po!~tles on any of s~id bv~td,ngs, any interest tnerein or part thereoi, in the agg.egate s~m afo~esaid or
In exteas thereof, shali contain the ~~sual standard rr,orrg ~gee cla~se or such other clause ai the Mortyagee rnay requlre, making the ~oss under sa~d po!i-
cies, each end every, paynble to sa~d A10RTGAGEE ax ~n in~~•r~~st may a~pear, and each and every su;h po::cy sha11 be piompt~y ass gned and dc~~vered to
~ny held by aaid MORTGAGEE as furrher sacurity to 43id n,origaga dz~r, and, not le:s than ten (10) datis ~n ~~d~ance of the expirafion of each pel!cy, to de-
liver t~ said MORTGAGEE a renewal thereof, rogethar wiih a rece~pt for the premium of wch renewa!; and there shal~ br no f~re or w~r;ds~orm inwrance
placed on any of said buildings, any i~terest there~n or parr therecf, ~n!ess in the fann a~:d wiih the loss payable as ~fe~esa;d; anc~ in the event any s~m
of money becomes payable under such polity oi poGcies said M02TGAGEE shall have the option to receiw and app~y the same on accovnt of the indebted~
ness secured hereby or ro permit sa~d MORTGAGORS to receive and use ~t o+ any p:~r~ the:cof ic~ e~i~~•r F;uiposes, ~•.:+ho.,r rh~•~c;; ~,-a~~~~7 or ~~,~p~ir-
ing any equity, lien or r~ght under or by virtue of this mo:tyage; and ~n the event said MORTGAGORS shall for any reason fail to keep the said premises so
insured, or fail ro de~iver promptly any of said poGc~es of insurance to sa~d MORTGAGEE, or fail promptly to pay fuily any pre~ni~m therefor or in any
reipect fail to perform, d~scharge, exewte, effect, compfete, co~npiy wiih and abidc by thls coven~nt, or any port hereof, sa~d MORTGAGEE rY7ay piace a•~d
pay for wch ins~rance or eny part thereof without waiving or affecting any option, lien, equ~ty, or right under or by viitue of this Mortgage, and the
full e~noum of each and every s~ch payment shall be ~mmediate~y due and payable and shall bea~ ~nterest from the dafe thercof until poid at the rate o4
nine per centum per ann~m and toge~her with such interest shoii be secured by the lien of this mortgage.
4. To permit, tommil or suffer no waste, impairment or deterioration of said property or any part thereof.
5. To pay all and singular the costs, charges an~ expenses, including a reasonable attorr~•y's fee and costs of abstracts of title, inturred or pa~d at
any time 6y said MORTGAGEE, because or in the event of ihe fa:iure on the part of ihe said h50RTGAGOR to duly, promptiy and fully perform, d~scharge.
execute, effect. complete, comply wrth and ab;de by each and every the stipulat~ons, ayreemenis, cond~t~o~is, and covenants ef sa~d promi>sory note and this
mortgage any or eirher, and ~a~d cosrs, char9es and expenses, each and every, shall be irc~med~ere'ry d~e and payable; whether or not fhere be r,otice d~
mand, attempt to collect or suit oe~d~ng; and the fuli an,oum of each and every svch paymem sh,il L•~a~ in!erest from the date thereof until pald at the
rate o~ nine per centurn per annurn; and ali said costs, ct;arges and cxc.enses ir.c~rred or paid, together ~v~th s~ch inierest, shall be secured by the lien of thi~
mortgage.
6. That (a) in the event of any breach of this Mortgage or defaulr on the part of the M02TGA.GOR, or ;b) ~n the event any of sa;d wms of money
herein referred ro be r.ot prornptiy and fuliy pa~d vntt~ir, th,rty (301 da;s next a~r•~r the sa~ne severa:'.y becorne due ar.d payab!e, witt~out demand or noiica,
or (c) in the event each and eve~y the stipu:ations, agreements, cend~rions and cov=nants of sa d promissory note and th~s mortgage any or either are not
~uly, prampt!y and fully performed, dlscharg_d, executed, effected, completed, compl;ed w~th and ab~ded hy, then in e~ther or any euch event Ihe said ag
gragate sum ment~oned in said promissory note rhen rernaining unpa~d, w~rn infera;t accr~ed, and a~~ mon~ys sewred hereby, shall becume due and pay~
abie forthwith, or rhereafter, at the opr~on of sa~d h1URfGAG~E, as iv~ly ar.d camp:e~e!y as if ai; of tt~e sa d sums of money wcre originally srlp~~ated
lo be paid on such day, anything in 5a d prem~ssory ncte or ir. th~s hlortgag~ to the contrary notwi!hstanding; and thereupon or thEreafter at the option of
said MORTGAGEE, withovt notite or demand, surt at Iaw or in equ~ty, therefore or thereafier begun, may be prosecuted as if ail rr:oneys secured hereby
had matured pr~or to its instlrution.
7. That in the event that at the beginn~ng of or ar any t~me penaf~,g any su~t upon ih~s ;.!errgage, or to Foreclose it, er to refam it, or to enforce
payment of any ciaims hareunder, said MORTGiaGEE sha!i apply to the Co~rt havir.g ~w~sd,c~:on th~reo! for the appolnhnen? of a Re.eiver, such Court shall
Forthwith eppoint a receiver of sai~! mo~tgaged property all and singviar, inclvd,ng ~,I anrJ s~ny~!ar fne ir,corne, prof~~s, ~ssues and revenues from whatever
~o~rce derived, each and every of •,Nhlch, it heing GX~]fFST'y VnCICrS!CO~, i5 he~eby n~crr~rgcd as ~f spec,f~c~:ly set forth and deicribed in the granring and
habendum clauses hereof, and such Receiver shali have a~l the broad and effcc?I+e funca ons d~~d pnr:ers ~n anyw~se entrustzd by a Court to a Recei~er, end
such appointment shail be made by such Court as an adr•~itrcd equity and a r. atrer of abzolute rght to sa~d MORTGAGEf, and without reference to the
edequaCy or inadequacy of tne vafue of the property mortqaged or to the so':ency or :r.so voncy of said MORiGAGOR or the deiendants, and that suth
ren!s, profits, income, issves znd reven~es shail be appiied uy ~uch Recc~vvr accoid~eg to th~ lien or eyuity of sa:d MORTGAGEE and the p~actice of such
Cou~t,
8. To duly, promptly ar.d fully perform, discharye, execute, effect, complete, cerr.piy v.ith and abide by each and every the stipulatiors, agreementt,
conditions and covenants in sa~d promissory no'e and th~s m.ngage set fortn.
9. That in the event the ownership of the mortgagcd prer.~~ses, or any par? thereof, becomes vested in a person other than the MOR7GAGOR, the
MORTGAGEE, its successors ar,d assigns, may, wirhout noticc- to th~ :4CRiGAOR, cieai wi~h s~ch s~ccessor er succes~or in interest with reference to this
mortgage and Ihe d~ot hereby secured in the same manner as wl~h :1_:-t~ago~ w~tl,o~t in er,y •,vay vit:ating or d scharging the ,'vlcr.yagors' liabil~ty herr
under or upon the del:t hereby secured. No sa:e ot the Fre•a-,is^s h•_reb; r.;ortgaged erd no fe.oearance on the part of the /AORTG:+GEE or i!s suctessors
or ass~gns and no extension of the tirr~. for the payment of th~ debi here;y sec~reti g~ven by the Pl,ORTGAG~E e~ its successors or asslgns, al~all operate
lo release, discharge, modify change or affect the orig~nal liab,ilty of in~ h10RTGAGOR herein, aitt•er in whole or in pari.
10. It is s~ec~fically ag.eed that time is of the esscnce cf th:s conrract and that no waiver ei any obl:gar~on here~nder er of the obiigation se-
t~red hereby shali at any time thereafter be hcid to be a ~verver cf the terma herecf or of the ir~str~rnent se.ured herby.
11. In add tio~ !o the forey-o n;7 m.ontn!y paym^nts oi ~;ri c cai and inreresr req~ red by the pron' sscry no'c sec~~red h~~.eby, mortg33or tovenants
and agrees to pay to rr.ortga~ee hi!h Nach r. ~n!h'y p3,~ eni an ~cid ~~onal su^~ <s' ~ a!ed bf n~ortg,~gee to F,c eq~ai to 1, 12 oi tLe annual cost e` tne fol:o.v-
ing:
A-All real prcperty taxas ievled or asseszed ,~g:i s~ r:-c ai;~:e descr~~~d .a! cz•a!c,
B-Pren, ur„5 on fire ar.u windstor~~•~ insu~a%ce as i~er~ n r:q:,r~d to be ca!~c._1 0'~ !h~t :,.'ove•nen~s s'uate on tf~~ nbeve d=sc'ibed p:emises.
C-Premiumi on such mertgc,ge gva!anty irsura~ c~ as rnorr:;ayec sh31i frc^ r-re +o ~ dc~r'~ fit to carry on ~ne !ozn secured hereby.
Mor!gagee sh~:i from t~:ne to time r,c!ifr n-c~t_;a~c• n::r.tir g of th~_ a~ro ~i' d.~~~ and p:yab:e hcreurder ard such su sha:l thereup;on be d~e a~~,d
payable on the ci~e da!.~ of th~ next r.~.o~th.; pay.•-er.t a- d e::ch s.::~ess~ve ~rc. th *.c ~sf!;r u.~ i mcrrgayee sha''.I not:fy rrcrrgagor of a change in su:h
amount. Such w^~~s sFz:l be app'ied by mer;gay~e ?o.•:ard tl.e {;~yne~~t cf rea: p~crertf tazes, insurance pren,.u~~s, a.,d n,crigage guaranty insurar,ce
premiums.
I~ WITNESS b'dH " F, the said M~ORiGAGOR has F_reu~ro set h~s hjr,d and seal th_ day ar.d year first aforesa~d.
' ned, ~`ed nd eliv re in the presencc of: ~
~~'L~ (5eal)
:-v 1 _{5eel)
~ -(Sea~)
_ (Seal)
STATE OF FLORIDA
~ S5.
COUNTY OF St . LllC1L'. _ _ i
Before me personaliy appeared ~ i 1 E' ~j' Me a d e, J r. _ and
_ Li11ie B. Me8C38 _ F;~S W;fe, to me well kno~vn ar~ known to me to be
the individuals destribed in bnd who exetuted the foregoing irsN~ment, and ackrow~edged before me thaf they executed the sam~ ior the purpeses
~herein expressed. And the eaid Li 11 i e B. Me a Cje _
wife of the sa~d R i_1 e_~e a de ' a7T" . _ ~ , upon a separate and priva!e
eYam~nat:on by me taken separate and apa~t frem her sald husband, ackncwiedged ta and beFore me that sfie executed said instru~T~ent freely and volun-
larily end withou; any comp~ision, consrraint, aoprehens on, cr fear of or from her s' h~sband. L
~M1iITNE55 my hand and official seal this_- 2C%~+h-- day ~r_- Navember , q, p_ ~q C`~
-
Notary F~biic ~n ar,d for the State of Floride'at large
My Ccmmission cxpires: ~ /
Retum To: `"t'' g' ~ " .
First Federal Savings b Loan Associat;on ~E~` R v \ '
Gf Fort P e~ce. F'~..~ Q_ ~'`"C~ ~ Q~ r` - ~
Fort Pierce, F!orida j~jti'~.~~L~L~~
~dTARY PU9LIC. STA1L ~of FIORlDA at LARGE
, , ~iCN EXPH?ES 'APR. 24, 1969
• Og MY COt'.~, S .
_ ~ ~4~ P~ 3 , - , . - : -
_ 65 ~ ,~~-,iy A ~ , ,
~ : ~ _ G._ i; ~jYRK
. . _ R p ~ E C p~'J
. SY' ~ F~ORIDA
, ~ . t~~r~~~, d
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