HomeMy WebLinkAbout1023 3. To place end conrinuousry keep e~!~:~ i_. .:s ;.c.v er Fe.ra!rer e•. +'e :n s: d:and and c~ a, eq~ip,irnt end peraonal,y corc•red by this mo~rg
ege, w:th ali prern~u-ns fheieon pa d.n f~ i, !~e ° ~s..~'. s,a: :i., F., furn~., in a s~~1 3F f1fOYfd by the MVR!i~AGEE, and w~ndsto:m
in~~rance in the usual standard pol.cy fo•~n, a s., ,,.~~_i c,~ thc .tit~ RT~,AGEE, in s~:h cc~epanr cr co~npanies as the k1pRTGAGEE may
d~tect; and all fi~e and windYOrm ii:s~~'~~ce ;:o' c.~ s.. , of se~d burd,ngs, any ~nte~e;t !herrln or oa~t the:euf, in ihe ag9regare sum aforesrid or
In excess theieof, shall contain the us~al s~a -d~rd mo _7•=:~ ,c,suse er s~~cn o~her c~ause as it,c hlortga~ee may reyu.ro, making the ioss undrr s+ cl po~H
cies, each and every, payab!e ro sa~d M~RTG.4GEE ~s ~s ~^!~r_sr m~y aF~pear, a^d eacn ard e~,ry svch p;,~.cy sha'I be prompt,y assgned a~~d de~~~ered ro
any held by said MORIGAGEE as funhrr secur~ry to sa:d ~::~rrya~r deur, and, not less than ten (1G? days ~n .~d.ance of thr e,eF~~rar~o.~ of each pot~<y, to da-
liver to said MORTGAGEE a renewal thereof, togeihar vt~tn a r~;e~:f for th; p~e:,,i~~n~ oi s~ch +enewa; a~~d ti~are sha~l be no f~re or ,.:ndsturm imvrance
pinced on any of sa~d b~i!d~nys: any intcres~ thcre,n or pa~r IFt;"~•J', u^~~SS ~n the fonn and v.~+h ~he loss payab:e as a{oresaid; ard ~n ihe event +ny wm
of money becames payabte under s~ch policy or poi~r.~es s~;d ~;,JkTGAGEE s~~ail have the opt~oo ro rer.e,ce and app:y ih~• sarne on ac:ounr os ihe indebr~d~
nesa secvred hereby or to perm~t sa~d MOkTGAGORS to rec=ive an,~, use i! or an'y po-rt tl,::~>of i,,r e'i~~ r c;urposrs. .:~~no.± ih e;: ::r
ing any equity, lien or right ~nder or uy vi;tue of th:s mort~a9a; a~~d ~n the ev~•nt sa d'.50RTGAGORS sha!! for any reason fai~ to kecp rhe s„~d p~emis~~s so
insured, or tail to deliver promp~ly any of s3~d pol,c:<•s of insura~~ce ro sa d MURTGAGEE, er fo:! prarno~ly ro pay ful(y any ~r.r~n~~,n therefor or in a~y
re3peU fail to perform, di5charge, exec~te, effect, co~t~p'etc, co npi~ v.iih and ab~de by th~a covenant, or any p~rt hereof, said '.1GRT;,AGEE may p~ace a~tl
pay for such i~l~rante or any part Thereof w;thout waiving or affecting any opt!on, lien, equ~ty-, or r~~ht under or by virt~e of th~s Mortgage, and the
full amount of each and every such paymem sh31! be im;nediately due and payab'e and shail bear interest from the date lhereof until p.,id at the rate ol
nine par tenturn per annwn and toaeth~•r w,ith such intaresr sh~~: br sacured by the lien of th~s mortgage.
4. To permit, commit or suffer no waste, impa~rmnt or d~ter;oratlo.~ of sa~d proaerty or any part thereof.
S. To pay all and singular the costs, charyes and earens~~s. ~nciud~ng a reasonab!e attemry's fez 3f1CI ccsts of abstracts of t~tle, inw~red or pa~d at
eny tlme by sa;d MORfGAG:E, because or in the evenr ef ~h~ f~:lure on tha part of the sa,d h1~RTGAGOR to duly, pro,nptly and fu~iy perforrn, d~schargz
exewte, effect, cump!ete, Comply with and ab:de by each and every the stipv ahor,s, agreen~ents, co^d~t~ons, and cover,ant5 ef soid pro:nissery note acd this
mortga9e any cr e~rher, and sa;d costs, charge3 and ex~ ensea, each and every, shall be immed~.,!~~iy d,;~= and payable; v.hethsr or nut there be r,o~+c2 da
mand, atrempt to coL'ect or svit pending; and the full ~~n~vnf ef ea:h and e~ery wch payment shai; o_•a~ in~eres~ from fhe date fh=reof ~nril paid at ~he
rate o~ n~ne per centwr. per an~wm; and all sa~d costs, cnar~es and rx~;enses Inc~rred or paid, together •.v~th wch inrerest, shall be secured by the lien of th~~
mortgage.
b. That (a) in the event of any breach of this Mortgage or dzfaulr on th~ part of the ~\~.ORTCr.'1G'JR, or ;b) in the event any of sa;d sums of money
herein referred to b~ not promptly and fully pa~d ~ro~~h,n th.rty ~3~i days next arr•r the s<~ ne scce•d',:~ beco~~~~ d~e and payable, wiihoui demand or nor.ce,
or (c) in the event each and evary the stipulat~ens, agreernents. ce.^.dl'lons and covenants oi sa d pro »:sscry note and th~s martgage any or elther are nol
~uly, promptly and fu!ly performed, d schargcd, exec~red, effecred, co~npleted, compl~ed wlfh and ab~c:_d tiy, then in e~ther or any such event the aaid ag
gregate sum mentioned in sa~d promissory ncte !hen re na;ning vnpa~d, .vith in!eras~ accr~rd, and a,: ~noneys sec~red hereoy, shall become d;,e and pay~
able forthwith, or thereafter, at ihe op!~on of sa~d ?v1C2TGAG:E, as fully and ccmp'etely as if 311 of tL~~ sa~d sums of money were originatly sr.pulated
to be pa:d on such day, anything in sa.d p~o;n~sscry no!e or in ih~s ,~loriga~e to ihe can~rary notrrlthstand!ng; ard shereupon or ihereafter al the opt~on of
said MORTGAGEE: wi!hout nor~ce or demand, s~it at law or in eq~~tv, therefore oc thereafter begun, may be prosec~ted as if all moneys secu;ed hereby
had matured pnor to rts instltur~on.
"l. That in the event that at the beginn~ng of or at any time pending any su;t upon th~s h'•o~tgage, cr !o foredose it, or to reform it, or to enforce
payment of any claims he~eunder, said MORTGAGEE sha:! app:~; to th~ Court ha~~n~ ~V~~Sd ct.on rh.e:~ef for the apF,o~nrment of a Receiver, such Court sheii
Forhwith appoint a rzceiver of sai~l mortgaged property a!I and singuia!, in„ud ng .,,i and s ~~g„'ar the ir.come, prof~ts, issuee ard revenues from wh;tever
te~rce derived, each and every of ,vh:ch, i~ be~r.g exores>'y ur,dersrood, ~s hereby mo:!gac;cd as ~f specfica!;y set fortn and de:cribed in the granii~~g and
habendum da~ses hereof, ar.d s~ch Receiver sha~i have ai' th•= b~~ad and eficct!ve f~nc! e- z and pov.ers in anywise entrus!ed by a Co~rt to a Rzceiver, and
tuch appointmant shall be rnade by s~ch Court as an ad •~ir.eti eq~~ty ar.d a ma?rer of abso'~re r:ght to said MORTGAGEE, and withcut reference to ihe
adequacy or inadequacy of the value of the prope~ty mo-roaged cr to the so vency cr ~~.o:~ency of so,d MORTGAGOR or the defendar,ts, and that such
renrs: profirs, income, iru=s and rever,ues shall be appi~ed by sucn Receiver ac:ord:r,g io tha iien or eyu+ty of sa~d MORTGAGEE and the practice of such
Court.
8. To duly, pro~npNy and fu~ly perfonn: dls;harge, execu+c, effect, com.p!ete, ccr~~,piy v;~!h ar:d ab:de by each and every the stipulations, agreemente.
cor.ditions and cover.r,nts in said prom~ssory no!e and ih,s mortgage s_•t forth.
9. That in the evenl the ownership of the mortgageC~ (:femi3@5, Or any part thereef, cecomes vasted in a person other than fh= MOR7GAGOR, the
MORTGAGEE, its svtcessors and ass~gns, may, wi~ho~t ncti:e tn the ,ti10kiGuOR, deai w~!F, such svccessor or wccessor in ~nterest with reference to this
mortgage and the debt hereby secured in the same maoner as with :'.ortgagcr w~thcut in any way vit ating or d~schzrging the hlcrtgayors' ~iability here-
under oi upon !he debt hereb~ secured. No sa'.e ef tt e Fre~n ses h_reo~ mc~tgayed ard r.o fo~bearan~z on the part of the I.10RTGkGEc or its s~~ccessors
or aesigns and no extenron o.' the tln;e for the paynent of rh~ debr hrr~_~;y sec~rzd g~:cr, by ;he MORTGAGEE or its successors or asslgns, ol~ali operate
to refease, d~scharge, modify change or affect the ori3~n;i 1i~6;.,lty of tn^ A+.Ok(GAGOR I,ere~n, eitnrr in whole or in part.
10. It is spec:ficaliy agreed rhat t!me is oi the essen~e of th~s contract ar,d that no w-a~:er of any ob~ gar~on hereunder or ef the obligation se-
cured hereby sne:~ at any tin:e thereafter b~ heid to b~• a v:a~.~•r of fhe terms h^rec! or of rhe i~str,,~:nem sec~red herby.
Il. In ~;id~.tlc~ 'o tn~: f:regc~ng r.-,cn'h!y cay,i,^n'S o' c:~ir; : and f„t~res' requ~~~_~d F;~y ih~ ;~~rcm~~s>cry nc'e s~-~_~red her.=by, n~~origsgor Covenants
and agrees to pay to m.o•t?agee •nith ea,h r.,cn+h'y _nt :.u:i •;nal sun ~s+ ~,~ted b; mo•!:_3j~e to te e:;uai to 1. 12 cf tiw an~~~al cost of the fo;!ow-
ing:
A-P.II real proper,y taxas !ev~_~: or asrs~_d „ ~~.i~~:e d.~sc,i~--d a! es',~~.~.
B--Fr~m.-u-~•~s on f~re and v:indsro~in ins~rarte as I~~•,:n ~ r~~ rcd ro b~~ carr;~d c-•~ tha , ~ve-re.~ts s tvat~ cr7 th_ aL-ovc d~scr~bed prem~scs.
C-Prerr:i~n s on s_~ch n~o•t~cge g~aran'y ~rsu~a~ ~ s.~ _;.3 ;•'e shil; trca e to . _ d: c. fit tu ca~ry on the loan secured hereby.
hSortqaaee s~~! f,-"m r__ to t~..•e noJf~ n~,~r_ r. .:cg o` !re a~. ~;~t d,= and p,ya!~'e hcre.,~~d_ ar~d s;rf; s:;„ sh., ~ th~reu::on be due ar~d
payab'e on the d~e a3re^o"r ,Fe r,.,xr ontn'i f,:;^, _ Jt d: cn. s,.cc•ss,;e o~ rh _~i~. , r.~crr;~aee sha',I rot;ti n'orrJ~~er o4 a change in su:h
amounL S~ch sums sha:i oe app'.i~ci i~y rr.ortgag~.e to:.a•d F::s~rne^.t o? re~! rrrc,erty taxes, insur~~,_Ypre~'~.ums, o~.~d mortgage gua~bnfy ins~rarce
p~emiums.
IN \"~ITP~ESS '!:H[R~OF, the sa:d MORTG~.GO= has ~erec ~o set h~s h~r;; and sca the da~ and ear fir:t aforesa:d.
Sjqned, Se~}led and dzliv d in th presence of: ,~Gj~
~:~~'.f~ ~ G7~,~~ +-t ~ ____c,Aa,~
~ _ ~`-~aJ..~ ~l~.t (Seal)
----~I:~_i'..'"a (Seal)
- (S=ai;
A7E OF FLORIDA
SS.
COUNTY OF _ Lucie i
Bzfere me persona~ly appeared ______H~'11.._r'x__A . r a~7n • `Jr___- _ an~
C e ro 1 Ci `d ~122 ~ _ hls wife, !o me well knov.n enci known to me to be
the ind~viduais described in and who executed the foregoing instrumert, and ackr,o~vfed~ed befor~ me that they executed the same for ihe purposes
therein expressed. And the sa~d-.__-____-~ a r'O 1 G a hn _ _ -
wife of the s~~d Henr~~ ._Gahn~Jr. _ upon a separate and private
exam nat:on by me taien separate and aoart frorn her sa d'nusband, acknowledged to and before ma that she exec~ted said in5trument freely ar.d volun-
rariiy and without any compulsion, cc~straint, appreh~ns on, or fear of or fr; m h2r said husband. L
WITNr55 rry hard and officai s>a! thia_.__~1~~11_-__~__ day ~.f_____ Dece ber, Y_ ~_";=A:r`A'.r.-19 e~_
~ - ~ ~ : F. ,
--1~-~.L~1~
Notar - P~6fic in and for tne Stat~ 04 EJbri t ar e~", .
My Commission expites: ~ f ~ 9_ ~
R?tvrn To: HOtN~ PYbIK, Stlt! 0~ Fl~1di it y^ ,'/~~C' .
First Federai Savin~s & Loan Asso:iat:or~ . : , V ~ ~
o r F~.f P~;~.~. F i L E A N~ R E C~R D E D Comm~ssan EXpirRS Se~t. 13, 14.~8:~ . v~
~ a e ~1eIN ~Y AninM• iui? ~ G~whv C~. C~ ~ i '
Fcrt Pie'ce, Flor~cla ~ ~ ~ ~ ~ O O K ~ ' • ~
e_
h .
, r,-';:
~ , . . l ~ : ~ : ~ , _ /%C'~ i~4V.{. ~ ~ ~ 1 f ~ r A\
"'~"i.; '65 DEC 6 AM I~: 45 ~
_ ,
~ 1 ' ' . . F i " _ : •li
- ~ . . ROG~F? i ii~, CL~RK •
' ' ST. L'UCiE COU~VTY,
~ ' • . FLORIDA
~ ~ F~RK~.~~ 4~7
- . ~ , . ~ .