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HomeMy WebLinkAbout1479 3. To plac~ and oontiiwously kep on th~ build:n~ now a 1w«aferr y~rw~~ on ~a~d I~nd snd on ~I( ~V~+ip~eM +^d P~1tY bY ~~P y~, with ~II pr~n?iwna ~As~ton pi~d in fu!!, f~ insw~»ce in ~M uwal st.~dud pot~cy fonn, in a tww ~epNrowd b~? ~M MORiGAGEE. and win~btam ~n•wa~w in ~M uw~l uanda.d po~~cy iam. ~n • ~um app~o~sd by ~M JNORTGAGEE, ln such ~,~ny o~ can~p.Mes a rh. MOtTW1GEE ~+Y d~red; and a!1 fin end windtoorm ieswano~ poticies on u+y ot w~d budd.np~ an~ +aM~ht lhsrein w part tM~wf. in d~e ~reyab ~wn ~forts~id w i, ucw~ ther~of, s1w11 com~in ~h~ uwsl uandard mor~g~yeb cl~4ie u such aha clavs~ ~s tM Mwtya~a~ m~y r~~.~~ ~na?inp th~ !ou vndK s~~d po1F cte~- ~ad~ and ~v~.y. paYsbl~ a said MORTGAGEE as its inte~eit maY appeu. and cach and evcry svch pot~cy sMN bs praRpNy au:9~ad ~nd dNiv+~sd w .ny iKi! by s~;d MpRiGAGFE u tw~Aer sxwity ro iaid mor~g~ge drb~. and, no~ kss than ~an (10) d+ys in advano~ of ~he ~xp'rstioe? of tad+ policy. ~o d? tivs~ p aaid ~111QRTGAGEE • nMw~l tlisiwf, top~~l~ wiM a rec~~pt fw ths ~tmiwn of tvcA ranewal; ~nd tht~• shail b~ no fa~ a windtlain inwr~nc~ plscad on ~eyr of s~id build~npa, ~ny inler~st tlwe~n or pur tFKreo(. vaku in ?h~ faw. u+d w~~h tM loss p+yable as ~iw~saidj and in th~ ~wn1 any wa~ of nweNy beconys payaW~ ue~Je~ wch policy a FolKies said MORiGAGEE ahall haw the opt~on to nctiw and applr tM sam~ on actow?1 ot tM M+3ebt~d- ness sscvred hatbr w b permil said MpRTGAGORS w ~eceivt and ~se it or any par~ tAereof fw orhtv pwpotq withoul thereb/ waivuig a~mpair. '~'9 ~^Y ~V~+jh. ~ a rght under p by virtu~ of tAis mo::qa9e: and in ~1~e ever:t sa~d McHtTGAGpRS shsU (p ~ny reawn fai! to ke^.p ths taid pr~miset so ~nsured. or fail b delive. promptly anr uf said polK+es ~f insu.ance ro said MORTGAGEE. a ta~~ P.w~»w ro P,r f„ur a~r p:smiun thaefw o~ in any respect f~it b perfwm, distl~ary~, ~xecut~ ~fletf, cvmplett compty with +nd ab?d~ by thcs oovs~»nL or ~ny part F~s~wf, s+id /NORTGIIGEE may p1ac~ r.~d pay fw such buwano~ a~y part tMrcd witho~t waivNg a sifsc~inp aey op~an. li~n. ~R~?i~y. a~iglu undK or by virtw 4f this Mortyap~. and tM full amowy of each and rv~ry wch p~yment sl?ill b~ iminediataly dw u~ Fvyable and shalt beu interest fran tly dat~ thareoi w+til paid ~t th~ ral~ ol n~~e P~? can~wn p~r ~i ad together with such tntcrest sl»I! be azcvred by tM lie~ of tlus mwtyapw 4. To ptrmit. commit or wffsr no wasu. imP+'umeM w deteiar~tan of said WoperlY or any put tl~eof. S. To pay ~II ~d sinput~? tlk cosn, char~es snd expenses, includinq ~ rcasonable attwney i iee and costs of ~bsn~cts of tiNe. ieKwr~d a p~id ~t any time by taid A{pgIGAGEE, becavs~ w~n thc event of the failwe on thr part of 1he said NK`RiGAGOR to dvty, promprly and fulty perforrty d~~,, execvr~, ~ffeq, o~omplere, oomply w~th and ~b:de by each and every th~ stipulauo~s, agreern~nK, ca+di~iont, u?d aown~nq_of s~id prort~iswry nW~ u~d this m~9q~ ~Y « Nthe~. u+d s+~d cosn, chuges and expcnses, each and evcry. ilull be ~m~nedia?aty dve and payable; wherhtr or no~ then b! fAfit~ d? mand. ittempt to colbd or suil p~nd;ngj and tM fvll amoent of eac!? ~nd evevy wch psyment aha~l b~w inter~s~ frpn tM date tl4reof until piW ~t tM rare ef ni.w ptr centuo~ per an,xirn; and ill said costs, chuges and expenses incurred or paid, toget?~er with suth iottr~at, st?~II b~ sacu~sd by tM li~n o( tht~ morty+0~. b. TM! (t) ia the svent of any bre~ch of this Mwtga9s or def~~It on the part of ~lie M~IRTGAGOR, or (b) i~ th~ ~vent any of s~~d swm of enon~y herein rtf~~d to b~ not pranptly ~nd fulky paid withi~ th~rry (3p) dsys nea~ afie: ths sanx uveralty become du~ and payabl~. witho~t dun~nd w notit~. or (cj tn t1w ~v~?~t ~ach and th~ stiputarions, sgreements, condirions and coveosnn of sa;d promissory rq~e ind thia morr~~ any a eitha ~n e?W iuly, prwnpty uid fvly pufo.med, d~scharped, executcA, effected, comFleted, compl~Ed with and abided Sy, tha~ ~n ~~~her a ~ny such ~vent tM said ~g g+egate wm mentiand in aad promissory rK,re rhen rema~n~ng w+pa~d. w~~h ~n~e.es~ scaued. u+~ aU moneys secwed. hereby. shall bacome dw and Wy. ebl• fwthwitly p thyesfta, ~t the option of s+id MORTGAGEE, ss fully ind comple~ely as if all of the said s~ma of money wen orp~Mlly sup~tsusd ro be pa;d on such day. anyM;ny in s~;d pron,;swry ~,ote w in this Mwtgage to the con~rary norw~~hsandin~: ~nd ~nereupon ar the.aaft~r N tM opnon oi ~ seid MQRTG/IGEf, wirhout notip or demand, suit at ]aw or in eq~ity, therefwe a thsre~fter begur~, may b~ prwetvt~d u if all mwwys s~cw~d hK~by hed m~tw~d p~ipr fp iq instii~tioe. Z 7. 1'Mt in tM event tMt at d+e beginning of or ~t any t~me pending :ny w;t upon this Morty~ge, w ro fonclos~ h, w ro nform iL w to snforp payment o! any daims henunder, said MORTGAGFE shall apply ro the Car~t having j~.~sd;cuo~ ther~of fa the ippo~htment of a ReceivN, w~h Co~rt sMll forrhwith appoint + nceivp pf p~ mortOaged propeny all and iugutar, includ~ng all and singular the incorn~. profits, iuws ~nd revN?ue~ from wh~twK wurce daivtd, each u~d ~v~ry o wh~ch, it bei~p expreuly understood, is i~ereby ma~gaged u ii spec~iicatly set forth and deKribed M thi ~~n?ir~p and hnbenduen clav~es hereof, u~d wch lteceiver a!?all have all fhe broad and effective fu~n~ons and powen in aMrwise entrwted by a Cowt ty a Rec~iva, ~nd wch appointm~nt shall be m~de by such Court ss sn admitted eqvity and a marv oi absolute right ro s~id MORTGAGfE, and without nfetenp to tM edequacy w Inad~qua~y of ths valua of rhe p.ope.ry mw~gaged or fo ~he sarency a insolvency of said MORTGAGOR p the deFendann, and tMt wd~ renr~, prof~q, incpne, ysues and reve~ues shall be applied by such Receive~ according to the lieo or equity of s~id NIORTGAGEE and the practiu of such Court. 8. To duly, promptfy u~d (ully perform, d.ulwrge, execute, effect, complfte. comply with and ~bide bp each ~nd every tM stipulatwiu, ~yrMee~ta, conditiom and ocveoanq in u7d promissory note aad ~his mwigage xt falh. ' 9. TMt in the event the ownership of the mort9+8~ P«++~~ses, w s~y part tFKreof. becwnes vested 'u? a pKwn otha ttyn tM MORTGAGOR, th~ MORTGAGEE, ita successws and ~ugns, „nay, ~,,,;rhout norice to rhe MORTGAOR, deal wirh such wcceswr or iucutsor ;n ;ntNest with ~el~nnce to thh morrg~ge and tha debt hereby slcwed in the sartrc mamer as with Mortgagd without in any way vitiatin9 Or discharyirg iM Motfp~pOrs' liabiliry Fwrr ,,nder p upon the debt hereby secvred_ No sa~e of the premises hereby mor~gagc~ ar.J no forbesrance on the part of th~ N10RTGAGEE or in successon o. assigns and np e~et~etsion pf the time for the payment of the dtbt Aereby secwed g~ven by the N1pRTGAGEE or its successors or sssiprn, shall opu~b ro releass, distha rtwdi ch~ n rQe. fy nge or affect the aginal Iiab~Gty of ~he MpRTGAGOR herein, eirher in whole or io parL 10. It is specifiully ag~eed that time is of the esxnce of this contract and that no w~iver of any obliyation herwndei or of t!w oblip~tion s~- currd hereby sh+ll al +rty tLne thereafier be held to be a waiver of the terms bereof o~ of the instrwnent setured h~rby, 11. In addition to the forego:ng monthly payments qf princ'pal and inrerest required by fhe promissory npte srcwed hereby, mprtQae,~w epwranq and agrees to pay to mortgagee with exh monthly payment an add:~ional sum est~matxd by mortgagee to be equal to 1/12 of the annwl cost of the fol(ow- ~ng: A-All real property faxes levied or auessed against the above descri4.ed real estate. B-Premivms on fire and wir~dstorm insurance as herein requ~red to be carried on the improvements situate on the ~bove dewibed premises. C-Premiums on such mortga3e gwrarty insurance as mortgagee sha11 from t:me to teme deem fit to tsrry on the ban secwed hereby. Mortgagee shstt from time to time notity mortgagor in writ~ng of rhe amount due and payable heaevnder and sucb wm shaU thereupon b~ dve and payable on the due date of tbe next monthly payment and each successive mo~th thereaiter ur.til mortgagee sha~~ rqt;{y rtwrtyayyor of s thsnyt in such amount. Such wms shall be appiied by mo~tgagee toward the payment of real property ra:es, inswance prem:ums, and mortgape 9wr~n}y ins~rance p~emiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunro set his hand and seal ay u~d year fint ~f . ~ Sip S~ u~d dei ed ' the presente of: ? • ~ L~rz .C, n l n ~ ' - TATE OF RORIDA ~ couNn oF St. Lucie sef«e me per:o~lly sppesred ~ JaIII@S P Brooks E 11 ~n ~LII A~~@ Bro o k s his wife, to me wetf Rnown and 4nowo to me to b~ rhe indrr~duab ddpiped in •nd who executed tha fwegarg irstrument, and acknov„ledged before rrx that they exetuted the same for the purposes tFerein ~a~?e,~a. ~,a ,,:a Ellen Lunette Brooka w~ te of the sa;d J BIIIe 8 P. SY'O Ok 9 uPon a separate and private exam~naYan by me taken ~epsnts and spart from F~er sa;d husband, adcrawledged to and befwe me thst she exewted said i~trument heely and volwr rarify and withovt amr cqmpvkip, caatnint, eppreher?s;on, or fear of or from her said husband. WITNESS my hand and offic;al seal this--~ 1~/D day of A, D. 19~s1~ . ~ Notary Public in and fw the St~te of Florida at Luye My Commiuion eapires: ~ Retum To: . . f~rst Fcderal Savings a lwn Astociat~on . . - ~My ~K. Sbft Of ~rNri n~ifq! C7f Fort Pierce. _ • ~ COIIN11sf1011 EXplflf Slp~, 1969 . • beNJ h AMricw ii~ i Caswkr Ce. fort Pierce. Fforida ' FI~ED AN~ RE~~Y~FLA. - - . S LU o~~COURIF{EO ~ _l _ ~ 1504`~4 . . ~ ~ DEC 2 P~~ 3: 34 .~a o~~~ ~ . ~ ti : ~.~s ~ ':t~'! ~ COURT 0 ~ ~~O P~SE C~tF~C Ci ~CU1T BOOK . ~/L~ ~ ~ rt ~ ~ - - - - _ - - - - - ~ ~ ~ ~ _x , s~ ~ ~ Y _