HomeMy WebLinkAbout1296 3. To piace and cont~nuo~sl•; keep on the b„~'d:ngs r,ew ar hFreafter e~t~ate en sa~d +~~,.i and c,~ a~i eq.:i~:mrnr and penon~;ly covere~ by ~h~e morto-
ege, wfrh aN p~emiurrfi rhereon pad ~n 1~;1, f;ra irs~ra:x~ ~n cs.:a: s!ac:+n•d polcy form, ~n a s.. n a~:.proved bi the MORiG.~GEE, and windstorm
ins~ran;r in thz ~wal ttnndard pol.cy forrn, in a sun~ appro~ed by the MORIGAGEE, in such company or companies a~ rhe M02TGAGEE mey
d~recr and all fire and w~ndsiorm insurance po,~c~es on any of ~a~d build~ngs, any interes+ rhere~n cr part the•eof, in the a~grr9are wm eforest~d or
in exctss thereof, shell co~tain the usval standard mortgage2 clause or such othar dause as tne Morryagee may req~~re, making the ioss undtr sa~d poli-
cies, each and every, pa;aL-'e to said h10RTGAGEE as ~t~ intereel may app@a~, and each ar.d ev^ry s~ch poi~cy shall be prompfiy ass gned and deiivcred ro
any held by said MflRTGAGEE as (urther sec~rity to said mortgage dzbt, ard, not les~ than ten (101 days in advance of the expi~at~on of eech policy, to de-
liver to eaid h10RTGAGEE a rennwat thereoi, toqether w:th a receipt for the prem~urn af such renewa!; a~~d ti~ere sfia;l be no Y,re or windsro•m insurance
placed on any oi sald bvildlnys, any inrerest there~n or parr nc~reof, un'ess in ~he form'and w~rh the Ioss payable as a(ore+a~d; ar,d in the e.ent any sum
pf maney b~•comrs payabte under such policy or po!~cies sa~d MORTGAGEE nhall have th~ op!lon to rereive and app!y rhe same on account a1 the indebred-
ness secured hereby or to perm:i sa~d PAORTGAGORS to rece~~a and use it o~ any parr th•~,eoF £or o:~:• r c-~~, osrs, t::~h.o.:t fh~~r o, •.va;.; „,-np,;
ing nny equlty, lien o~ right under or by v~rtue of thls :norrgage; ana in th~ event sa,d MORTGAGORS sha;i for any reason fail ta kaep the sa~d prem~s_s so
inwrzd, or fail to deliver promptly any of iaid pol~cies of insurnnce ro sa~d MORTGAGEE, or fai: prompt~y to pay fu~ly any premium rhereior or in a~y
resptct feil to perform, discharge, execu~e, e~ted, tomplere, comply wirh end abide by this covensnt, or any part hereoi, said MvRTv~GEE niay p~ace a^o
pay for such inwran~e or any part thereof without walving or affecting any option, lien, equity, or r~ght under or by virtue of thls Mwto~ge, and ~he
full amovm of each and every such payment shall be immediately due a=id payabfe and sha~l bear ~nterest from tha date thereof un~~i poid at rhe rate o1
nine per centum per annum and fo~eth~~r ~nith wch interest shati be secvred by the tien of ihin mOrtgage.
d. To permit, comm~t or suffer no waste, impa~rment or deteriorat~on of sa~d propcrty or any part theteof.
5. To pay ali and singu!ar the ~costs, charges ar.d experses, ~nc+ud~ng a reasoneb!e attorney's fee and costs of abstracts of t~tie, incuned or pa~d at
any time by said MORTGAGEE, tecavsC or in rhe e~ent of the fa~iure on thr par~ of ;he sai~ h10RTGAGOR to duly, promptly and fully p2rfJrrn, d~scharge
rxecute, effec+, complete, co~nply w~th and ab:de by each and every the stipulanons, agreements, tond;tions, and covenants of sa~d prom~swry note and th~s
morrgage any or e~iher, and sa,d cos~s, charges and rxpenses, each and every, shail be immed~ately due and payab!e; whether or rof there be noiice d~
mand, attempt !o col!ect or s~it pending; and the f~l~ amount of each and e~ery wch payment shali bear ;nierest from thz date thereof ~ntil paid at ti~e
ra!e o~ nine per cent~rn per annc:r.; and afl said tosts, tharg~s and cxpenses incurrzd or pa~d, together wrth suth interest, Shat; be secured by the lien of thit
mortgage.
6. That (a) in the event of any 6reach of thls Mongage cr deiault on the part of the !JtORTGAGOR, or ;b) In the event any of sa~d avms of money
here~n referred io be not promptiy and fully paid wiih~n th:rry (30) days nexf ai~ar the same severa'ly become due and payable, witno~i demznd or nerice,
or (c) in the eve~t each and every rhe stipuiations, agreema»ts, cond~rions and covenants of sa.d +,romissory note ar.d thls mortgac~e any or either are no1
~uly, promptly and fuily perfermed, d scharqed, exe:uted, effected, completed, <ompiied ~v~th ard abided Sy, tnen in eithzr or any s~ch eveni the said ag
gregare sum mentioned i~ said promissory note then remaining unpa~d, with ir,rere;r acuued, and a+! moneys sec~red hereby, sha;l become due and pay-
ab~e fcrthwith, or tnereafrer, at the ept;on of said h10RTGAGEE, as f~lly and completely as if ali of +he sald sums of money were originelly aripvlated
1o be pa;d on such day, anything in sa.d pran~ssory note or in this Mortgage to the conrrary notwithstand~ng; and thereupon or thereaiter at the opr~on of
taid MORTGAGEE, w~rhout notice or demand, suir at law or in eq~ity, therefore or thereafter begun, may be prosecuted as if all mor,eys secured hereby
had mat~red pn~r to ~ts institution.
7. That in ihe ev~nt that at the beginn ng of or at any tirne pending any suit upon shls Mortgage, or to foredose it, or to reform it, or to enforce
payment of any cie:ms he~evr.der, said :V~ORTGt+GFE shall app!y ta the Ceurt having jvr,sd .t~en ihereot fer the appo~nnnent of a Receivr.r, such Court shaii
FortFi~,;ith appoint a receiver of said mortgaged property all anc! singuiar, incl~d,ng all and s,ngviar tne iaceme, prof~ts, iss~ea and reven~es from whatever
source derived, each and every of whth, it be~ng expreas"y unde:srood, is he~eoy mnrrg~q«i as !f specficaily set forrh and desuibed in the granting and
habendum cla,~ses hereof, and such Receiver shali have all the broad and elfea~ve fun~t ens and poNers i~ anyw~se emr~sted by a Co~rt to a Recsiver, and
such appointmenr shail be made by svch Court as an admitted equi!y ar.d a mat~er of abso~~te r:ght to said h10RiG;,vEE, anct withe~t referenc? ta the
edeqvacy or inadeauacy of the value of the property mortgaged or to rne sevency or ;n;o,vency oi sa:d MORiGAGrJR or the defzndants, and th~t such
rer.rs, profits, in~ome, issues and revenues shalf be app~ied by auth ~ eceiver accord~ng tp the lien or eqvity of sa~d MORTGAGEE and the praciice of such
• Court.
7o du!y, promp+~y and futly perform, d;scharge, execute, effeG, complete, co~:piy wlth and abide by each and every the st~puiations, agreerents,
tor.dit~onl and covenants !n sa:d prom~ssory nu~e and thls mortgag~ set forrh.
9. That in the event the ownership of the morsgnged premises, or any part therecf, becomes vestad in a per~on other than the MrJRTGAGOR, the
MGRTGAGEE, its succeisors ard ass~gns, may, wirhovt notice !o tho ,•,'10RiGAJR, dea; vvnh such svccessor or successor in in!erest with reference ro this
mortgage and the debl hereby secured in th~ same manner a<_ with tT,crtgago~ without in any way viY:ating or d~schargir.~ the Mortgagors' liao;lit~ herr
under er upon th2 debt herPby sec~red. No sale ot t~~e Frem~ses hereby mortg~ged and no forbearance on the part of the MORIGRGEE or its svccessors
or ass~gns and no exte^slon of the time for the payment of the debs hereby sec~red glven by the h50RTGAGEE or its avctessors or ass:gns, e'ia!I operate
to release, d~scharge, modify charge or affecr the criglnal I~ab Gty of the V~ORTGAGOR harein, either :n whole or in Fart.
10. It is spetific~i!y ;greed rhar time is of the esse^ce of this conrract and that no weiver of any obl~gat~en hereunder or oE the ob'igation s~
' c~red herebv sha!i at any time thereaher be he!d to be a v:aiver of th> terr.•,s hereof or ot the ins+rument secured herby,
t. 1. in zdd.! c~ to th~ forego n~ mcr,!h y eay~,ents of princ p~! and ir.reresr reaclred by the p-om ssory l1p~f S::VI@(~ F~er~~b;, mort- a, -r eove^ants
j J`
and ayrees to ray to mor?gagee v.i±h cach r.-onrhl~ pay~cent an ad:.':•,onai sur, c; ~ ared b~ r.~ortyagea to be e.;.;ai to i 12 of f;-,~ a~•~~,~;i ccst of the fol~ow-
ing:
A-Ail real propert~ taxas le•:ie~ er assessed ~g~i~~st thc aoove desvi=~d r,,3~ es~r,re.
6-Pren-,~ums en tire ard ~..~ndsro~m ins~;racce as here,n req_~.red to te carnsd c~ ~'r,e ; roveme^rs s;tuate on th^ above desc~lbed premis_s.
C-Pre:~lur.s co >.~ch mo~±r_~ge gvar~-,!y insura- ce as mo•!gag^c si,a'{ fro~•. r~~-e +o t.., deer~ f~t ro c3rry on the !oar secvreJ hereby.
hlc~rgagee sha:i =rom r~r^~~ ro f~n?e no!ify mc,rga;c• ;n wnt~rg of th= a^~o~~~~r d~c ar.C payab:e hereund,~r and su;h w~, sha;i thcre~pon be duz and
Fayab!e en tne duz datn ~f th~ next r,o~'h.~ eay•,~, , and e;ct, s~:cr_ssi~e ~-o~th ~nereaf+-~ var;' rr.or!gagee sha'i „ot fy mo~tg3~~r ef a change in su_n
amo~~r.t. Soch s~ms sha:i be app:Ied b~ m.crtqag-~e tc::a~d 'ne payment o~ re=~ prcp~rt~ taxes: 'rnsura~~ce prerr~:uTS, a.~u ..,~r>gaye gva.anly insu~ar.ce
premiurr.s.
W`'~ITNE55 VJNEREOF, the sa d h':ORTGAG~R has hereu~to set his h3nd ard sc•al the day 2~~Xf f~rst aloresa~d.
Sign_ d nd d'ivered ir1 the presence of: %
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l~tiytJ /Yt/°"l, l (Seal)
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d _~,%.2.a:.:..
f:_ ~_i~_ f Se z I)
._(Seai)
- (Seap
STAT~ OF FLI~RiDA ~
St. Lucie ss.
COUNTY OF _ _ ~
, Betore me persona!ly appearod _ r10R1~3 _y~gk~r end
NA71C~_ Bl~l~'_'@P h~s wift,, to me we+% known znd kr.os;r. to me to be
the individua!s desc~~be~ ir, and who exe;~~ed ine foregoing instr~ment, and acknowledged befe:e me that they exec~ted the sarre for the p~rposes
~herein cxpressed. Ar.d the sa d~~, _ _ NRj~,C•~ gg},{e1^ _
III wife ot the said -----------------`j~hC~mAg RA~{Qr .
upor a se~a~ate and pn~ate
I exam~nat~on ~ y me raken separata ar.d apart frem her se~d husband, acknowledged to and beiord me that she executed said in~t~vment ~ree;y ar.d vol~n-
tariiy and w;thout any compu;sien, co^stra~n!, ~,;;;ehens,or:, or fea~ of or from h r said h sbar.d. •
WITNE55 my hand ard orfic~a! sea! this_~__Ilth _ clay of ' , A, C. F9~.__
E a ~ ~ - - - - ~ ,
^ I,~ L~~ O QK Notary ~cb';c in and for the 5rate of F;or;da at large '
E`~ ~~i ~.r i h5y Com-n,ssion expires: ~
e - ~-(e~
First Federal~ ~avin ~o ? ~N~"
Of fort P e~c ~ ~ NOTf,}tY ~'l'~~ ~T c r.{ ~ r ~f~q ~p~t
, vn P~~r~e. ~~nda~ ~ ~ ' ( l _ ' ~ ~:'i ~
' ~ E1~i`.E5 n~R. 2•' 19~9
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L~-~ R ,1J 5 f~ i~ ~ ~ r L(~ 1-~ 1 lJ 11
R4~~ `t ~ ''G~yl~~'~`!• , ~ t„~.. DOCUMEI~TA~?~ST'lah1P TAX
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