HomeMy WebLinkAbout2693 3. To plac~ ~nd contin~a»ly ke~p on the buildingi now w Mreaftsr situat~ oe~ sa~d la~d ~nd on all eqvipmeM ~~d ptnonally tovtnd by fhi~ mort~
p~, with all prtmiums tMrton p~~d in full, (ir~ iniura~ce in the usual ~tandard pol~sy fwm, in a sum ~pprov~d by th~ MORTGAGEE, ~nd w~nditorm
M?fwu~c~ in tM ~twt ~~anda.d pol~q fain. in • tium approved by ~he MORTGAGEE, in such company a coenpanies u tl+~ MORTGAGEE m~y
~~cl~ +nd all fin ~nd wind~torm inwra~ pol~c~et a+ a~y of sa~d buitdinps, ~ny ieter~st therein a part thereof, in tFK agp?epat~ aum aforsiaid w
In exeeu tMr~of, ~Ml1 contain tl» uwal uandard mortpage+ clause a ivch oths~ clauss ~s th~ Mp~9sgts may rpuu~. makinp the lou ~~de~ sa~d pol~ ~
ci~+. ~ach ~nd ~v~ry. p~Yab1~ to ~id MORTGAGEE as its imerest may ~ppear, and each and eve~y tiuch policY sh+ll b~ promp~ly asi:9~ed and delivrred to '
~ny h~id by s+id MORTGAGfE +i fu.rAN secu.ity ro sa+d moregage debr, and, not leu ~han rsn ~10) days in adv~nce of the ~xpiratw~ of e~th polity, to dr
liwr Fo wW MORTGAGEE • r~wal thereof, toqe~Mr with a rece~pl fw the p~emium of such renewal; and thsr~ shall be no f~n a wi~ditwm inwrae~t~
plKed on ~ny of saM bu3Winps. ~ny interstt thaein w part thereof, untess in the form and with tM lost payabl~ as afa~said: and In tlw ev~nt any su ~
of nwn~y b~cpn~s pay~bl~ undK wch policy or policiss said MORTGAGEE shall Mve ~he option to receive and apply the ume on accwnl of tM indebted
n~u s~cu~~d hK~by w 1o ptrmit said MpRTGAGORS ro ~eceive and us~ iT w any part tAeraof for other purposes, without ihsreb~ waivi~g or unpai~• ~
&q any puity. IiM or rqht w~dtr or by virtw of this mortQa9e; and in ~M eveM sa~d MORTGAGORS sMll fa ~ny reason fail to keep tM said pr~mites so ~
inwred, p fail to deliva ptomptly ~ny of said polities of insurant~ to said MORTGAGEE, o~ fail p~omptly to p~y fully any prcmium therefot w in any
rpp~ct tail fo p~?f«m, discharpe, exscut~, ~ffM, comptete, comply w~th and sb~de by thK covenant, w any pa~t lureof, ssid MORTGAGEE m+y pl~u and
p+Y for such irowa~c~ or any part th~reof without waivirg or affectirq ~ny optio~, lien, equity, w~ipht under a by vi~tw of this Mwt9aye. ~nd th~
fult ~no~nt of each u~d ~wry wch p~yment shall be immedi~tsly dw ~nd payabl~ and shall bear interest from tM dat~ thereof unNl paid at tM ~at~ of
nh» per cenwm pK anrwm and togethe~ with ~uch inte?es~ shall be secured by the lien of this matgags.
To p~rmit, cnrnmit ot fuffat no wute, impsirment w deta~oration of said property or any put thereof.
S. To pay all ~nd ~inQvlw t!r costs, cMrget ~nd expenses, including ~ reasonable attorney i fee and costs of abiUacts of title, incu?red or p~id ~t
~ny tim~ by siid MORTGAGfE, bK+uie a in tM wem of ths faiiure on tf~e pan of the said M~RiGAGOR ta d~ly, pra.~ptly srx! iv!!y pericrm, dhcharQe •
~xetvt~, sffsd, tompletq, comply w~th and ~b;de by eech and every the st~pularions, agreeme~+s, cond~uons, and cownann of said promissory not~ and ~his ~
matype any w ~ither, a~d said cwh, chu~ ~nd expee~ses, each and every, shall be immediately due snd p~y~ble; whether o~ not there I1! fAfiCQ dt
nwnd, ~n~mpt ro collacr or wif p~nd+ngt and r!M fuM anwvnr of each ar.d every svch paymeM sAaU bear intNeit fran the date thereof umil p~d ~t ~h~
ac
r~te of nin~ pe~ cer?tum per amwm; aod all said cost~. cMr9es and expensei incu~red or paid, Iogether w~th s~ch intsrqt, shall b~ stcwad by ~M li~n of tha
^artp+D~•
6, ih~t (a) i~ the event of ~ny bre~ch oi this Mwtgsya w defautt on rhe part of the MORTGAGOR, a(b) in the svent any of s~id swru of mon~y
her~in rehnd to bs not promptly •nd fully p~id within th~rty (30) daya nexf after the same severally become due ~nd without dtmand o? notic~,
~
or W In tM ~wnt ~ach and avery the stiputatio~u, sgreements, condirions ar+d covenants of s~~d promiuory nott and th~s t~pe ~ny a~ither ar~ no1
~+ly. pomptlY ~nd fvlly perfamed, d;xharged, executed, effec~ed, completed, complied wi~h and sbided by, tMn in either or any iuc1~ ~wnt tl~ said a¢
prp~t~ surin m~ntantd in said promiuory note then remaininp vnpaid. with intcrest accrucd, and a11 moneys secured h~reby, sMtl becnmt dw ae~d paY
~bl~ fathwith, Of 1MfN{tH. ~t tM oprion of said MORTGAGEE, as !ully and comple~ely as i( all ol the said sunr of money we~e aipinally stipulated
ro k» paid on ~uch day. ~nythiny in uid p.omissory note w in this Mortgage to ~he conrrsry notwithstandirg: and thereupo~ w thereafte~ at the option of
uid MORTGAGEE, without notice w demand, svit at law w in equity, 1F1lt!(WQ Of 1F~QfN{tN begun, may be prosecut~d as if .11 money. aa,r.d h.r.by
FNd nHtwld pffo! to ib institutiM.
7. That in tM ~vent tMt at tM begiro~iny of or ~t ~ny t~me pending any suit upon this Matgsge, or to forecbse it, a to reform It, o~ to enfwp
paymeeN of ~ny daims Mrevndr.. said N~pRTCsAGEE shaN apply to the Cou?t having jurisd~ction ~hereof fw tM appointment of ~ Receiva~. wch Gourt sh~ll
FarhwNh ~ppoint ~ r~ce;vN of sa~ mwtpayed prop~rty all ~nd s~ng~l~r, includ~ng atl and singular ~he income. P?oi~ts, issues and rev~nues f?om wFiatwt?
wuru d~riwd, each and ~wry o which, it being ~xpressly understood. is hereby mortgaged as if spec~fically se1 fwth and described In the p~~ntirq and
Mb~ndum clavses I~reof, ~nd tuch Receivtr shall have alt the b~oad and effecrive funu~ons and powe~s 'en anywiu entrwted by ~ Court t9 a Receiver, and
tuth appantm~nt ahall b~ mads by such Cou?t as an sdmitted eq~ity and a m~tter of absolute right to said MORiGAGEE, and without referanc~ fp th~
adpuacy p tnad~qwq of th~ valw of the properry mortgaged or to IFx sotvency or insolvency oi said MORTGAGOR w the dnfendanrs, and that such
rsnti, profiri, incarw, iu~es and nven~es shall b~ applied by such Receiver accwdi~g to the lien or equity of said MORTGAGEE ~nd the p?actit~ of ~uch
Covrt.
8. To duly, promptly end firlly perform, d'~scharye, execute, effect, complete, comply with and abide by esc6 and wery ths stiputatiora, sqneen~nt~,
conditions and covenanh in sud promissory note ind tbis mongage sef fath.
9. Thaf in tM ~wnt the ownenhip of the mortgaged premises, w any part thereof, becomes vested in a person other tMn the MORTCs/1GOR, th~
MORTGACsEE, in tucc~uwt ae~d ~ui9ns, nuy, without notice to the AM1ORTGAOR, deal with svch successw or pxc~s~or in interest with rtfertnu to this
ewr~~sp~ ~nd fhs debl he?eby secured in the same manner as wilh Nbrtgagor withovt in any way vi~lating or d~xhuy~ng ths Mortyapors' Ii+bility herr
vnder w upon tM debt hereby secured. No s~1e of the premises hereby mortgaged and no iorbearsnce on the put of the MORTGAGEE w iri successon
or aui~m and no eatension of the time fw the psymem of the debt hereby secured given by the MORTGAGEf w it: successors a auigns, ~hap operat~
ro r~lea~e, discMrpe, modiiy chang~ or affect Ihe ori~~nal iiab~tity of the MORTGAGOR herein, either in whole w in part.
10. If is specifically agreed tMt Yune is of the essente of this contract and that no waivcr of any obligatwn hereunder a of ths oblg~tion ~e- ~
cvr~d Mr~by ~hall ~t any time thereafte? be held to be a waiver of the terms f~ereof o~ of the instr~ment ~ecwed herby.
11. fn add~tan to the forego:ng monthty payments of princ'pat and interesf required by the prom~ssory aa~e secured hereby, mortpsqpr wwnants '
and ayrsea to pay to mortgagee with esch monthly payment an addi~ionat sum estimated by mortgagee to be equal to 1/12 of the an~ual tost of ths follow-
irg:
A-All real properiy taxes levied or assessed against the above described real esrate.
B-Aremiums on firs snd wind~torm insurance as h~rein .equ;red to be ca.ried on the improve~~n s~tuate on the above desuibed premises.
- C-Premiums on wch mortgsge pwranty insurarce as mongagee shstl from t~me to time deem fit to carry on the ban secured hereby.
Mortpagee shall from time to time notify mortgagor in writirg of the amount due and payable lxreunder and auch sum shall thereupon be d:ie ~nd
pay+ble on the due date of the ne:t monthly payment and each successive nwnth the~ealre? ur.til mortgagee shall notify mortgagor of a chang~ i~ such
amount. S~ch sums shall be applied by martgagee toward the payment of reat property taxes, insuronce premiums, snd mortgsge yuaranty inwrsnce
ptlmiwm.
IN WITNESS YVHERfOF, the said AApRiGAGOR has hereunto set his hand and seal the day ~nd y r first ~fore
SipMd. S! ~d and !d io NN preserxe
.
~ n
n
M..~~ ~
?
~
STATE OF FIORIDA ~ j
~ - St. Lucie
e.fore me psnonauy a~pe..ed _ Te n TehAr~~Rn
~nd
~°T A Q F.--+ZO~lA11, Etll-- hb wife, to me well known and known to me to b~
the indnidw~s described in and who executed the fwegoirg ;nstrument, and acknawledged before me that they executed the same for the pvrposes
tF~ein expres~ed. Md the u'~__ A~i6 .~ohanS~ :
wife of tM said JO ~ 7oh~n~en a sepsnte ind p~ivat~
examination by me taken separate and apart from her said husband, adcrwwledged to and befwe me that she executed said instrumem freely and volun-
1+rily and without ~riy tompulsion, constraint, appreF~ens~ or fear of or from her said husband.
WITNESS my iund u?d official seal thi¦ day of A D. i9_~_
yX.Gs
Nof~ry Pub ' n e~+~d for the~it~~ ~ ida ~f larye
e:pires: ~i
Return To: NOtary PuDNC, ?taN Of l~IOR~t
first F~d.ral Savinps 6 tosn Associa~~or? My Commiscion Exp~ns Au~ 6, 1967 Retum To
of F~„ P;~«~. sO"d~ s"`e~ or N' Y'First Federal Saving & Loan Assn.
~ , ~f'p/f ~PieKer F~O~S[{j
• ~ f• of Fort Pierce, ~lorida
; FILED AND RECORDEO
~ ~ ST. LUCIE COUNTY. FIA.
~ ~C~ A . RECOP.D VERIFIEO -
a}~~ - 14936~
= v:~~- '66 OCT 20 PM 2: S~
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~'i. ~ ~„~...R~~ ~i
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~~i~.. '..i..
~ ' , i:OC~F': i'0lTRA$
CLERK CIRCUIT COURT ~
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BOOK ~5 / PACE_~~~ _ ~
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