HomeMy WebLinkAbout2454 3. To pl~ ~nd oontirnwusly k~~p on ~tie b~ritdinps now or MreahN ~ih?aa on said Iw~d snd on dl ~qufpn~R ~nd P~~~h bY ~~q~
+ge, wi:h ~II pr~miums thaton p~id in full, fir~ inawanc~ in ~M uswf s~anda~d policy fonn, in • swn appowd by tIr MORTGAGEE. ~nd wind~to?eu ~
insurmmu in t1N ~sw~ ~~uidard pol~cy fam, s s~m ~pproved by tl~e MOR1GACsFE, M wch cwnpany w aanpania a th~ MORTGAGEE mar
d~rectr and all fk~ and wind~rorm insurance polKles on ~ny of ~aid bvild~np~„ ~y MNhat tMr~in w put th~twf, in th~ apprpaN swn afaa~id a
in ~xpss tM~~of. sh~ll contafn tM uwal sru,dud m«~gage~ clava~ u wch ahu dws~ ~s tM MaroaqN mnr nqvin, rnakfnp t!» fow w~ uid polr
cie~, each and tw~y, payabl~ 1o said MpRTGAGEE as its in~erest m~y ~ppear. ud eath and ~vtry ~uch policy slyll b~ pton~ptly ass:pewd ~+d dtlivK~d ~o
any MW by said MORTGAGEE ~s tu~ther ~ecurity to said morr~ape debt. and, not I~ss tMn tM (10) days in ~dvana d t!N ~xpG~tion of tacA policy, to d~
p~er to said MORTGAGEE ~ renew~l thereof, toperMr wirh a rece+pt for the p?emivm oi wch r~w~lj ~nd tMn ah~ll b~ ~o fih a windstam Maww:a
placed on ~ny of said buildirgs. ~oy iMerest there~n or put tMrwf. unlsu in tM fwm ~r?d with tM lost p~y~b1~ ~t ~fa~idt and in tht ~wM ~y~win
of mo~ey becpme~ pay~p~~ ~nder y~ch pol;~y a policiss said 1NORTGAGEE ihall Mw tlw optioe to reatiw and apply tht sarr~ on acoovn/ of tM k~d~W~
nes~ secw~d hN~py w!p permit said MORTGAGORS to ~eoeiv~ u+d us~ it a any part tF?ereof fw other pvrpo~~s, without tM~eby waivinp or imp~ir
in9 any eqvity, li~n or right u~ or by v'ut~e of tha mortqspaj and tn th~ ~vent said MORTGAGpRS sMll fa ~ny naton f~il to k~tp tM satd pr«ntsa a
;nsured. a fail to d~tiver prompfty ~ny of said policiet of er~swant~ b said MORTGAGEE, o. f.a ~o~?~y w ar fi+t~r +~w w•m~~+~+ d»r~fa a M~ +^y
respect fail w pKfwm, dischu~e, ex~cut~, effect, cempkts, camply wi~h and.~bid~ by this oovtn~nt, or ~ny put Mr~of, NW MORTGAGEE nwy plaa ~nd
par fa auch inswar~ or ~ny p~rt thaeof without wsivinp w affectinp anY option, II~n, p~iry. or ripM unda a by vLtw of thls Matp~, a?d tM
t~u amount of each ~nd ~wry wd~ payment sMll be i~runsdiatelp dw sod p~y~bl~ and sh~ll b~a? inttrat fran tM dat~ tMt~of w~til p~W ~t th~ wh ol
n~ne per oentum per annum and to9elher wi~h such interest shall be secwed by tM lien of this mortpa~. _
4. To pKmit, awnmit ot suffer no wast~, tmpairmeM or deteriwation of s~id propKry o~ any put tMnof.
S. To pay all u+d ~in~ula the cost~. ct»rges and expe~ses, ir+ctudirg ~ ro~wMble at~orn~y'~ fN and oosri of aMtncb of titl~. ~~d o~ pNd N
any time by s~;d µpRTGAG:E. because or in the svent of fhe failur~ on ths put of the said MORTGAGOR q duly. p~oMptly ~nd fulH pKforrn, di~chu~ i
execute, effect, campl~te, oomply with and sb:de by each and evKy ~he sriputarioe;, ap~eemanta, coedifiwa, and oovsn.nn of wid prantawy na~ and ~ht~
morrgaye any or eithsr. and ~a+d costs, charges and expense~ each ~nd ~very, shall b~ imm~diat~ly dw ~nd p~yabb= wMtl+K o~ not tMr~ b~ notio~ d? ~
mand, attcmpt to colla~t er suit pend~ng; and the f~ll unovnt of esch and ewry wch psymant ~hall bea~ int~st from tM d~b tFNnof unNl p~W ~t th~ ;
rdte ot nine p~r centum per aruwm; and ~II said costs, ci+arge~ and expenses incvrr~d or palt~ wptthe? wilh wd~ G~MnaL dwll b~ s~ewd by tM li~n of tl~
mart~ay~.
6. Th~t (a) in the event of ~ny bre~ch of this Mortgayt w default on th~ part of ths MORiGAGpR, or (b) in th~ ~v~nt ~ny ~ s~id ~um~ pf nqMy
herein referred to be ~ot promptly and fully paid wifhin Ihirty (30) days next afte~ the same teverally bKOn+~ dw ~nd pay~bb, wNhouf dNn~nd Ot nofiq.
or ;c) in iM event e~ch ae~d every the stipulatio~s, sgreemenb. conditian ~~d toven~nb of said promissory noM and thi~ mortpp~ arql a~iM~r at~ eol
iuly, promptly and fully performed. d~scF?irged, executed, eSfeded, completed, complied with ~nd abded dy, ttMn in ~itMr w any wch ~wnt fh~ wid aP
gregate wm menr'aned in said p~omissory rwte ~bcn remaininp unpaid, with interest acvwd, ~nd all montys s~qx~d. h~r~by. ~11 b~ooen~ di~ and p~y~ ~
able fwthwith, or thereafter, at the option of said MORiGAGEE, u fully and tompl~tNy as if all of th~ ssid sun~s of mwNy w~n orplntlly ttipulattd ~
to be Pa~d on such day, anythisg in said promissory note w in this Nbrtgags to the contrary ratwitlt~tu~dinpi ~nd th~nupon or N~er~aftK at ttN Option of
sa~d MORYGAGEE, witFavt norice o. demand, suit at law or in puity, therefon w ih~reaftK b~n, nwy b~ prp~cut~d q 1f a11 mot~ty~ Nakd Mr~by
had matured prior to ib ir»titvtion, -
7. That i~ the evcnt that at the bcginn~ng of w at sny time pendinp any wit upon this Mort~ape, or to bnebw h, a to r~fam N, or fo u?fwt~
payment of any dsims herevnde~, s+Fd Iy1pRTGAGEE shall apply to tF~e Co~rt Iwving 'ryrisdict'qn ther~of for th~ appointen~nt of a RKtivN, weh Cowt shdt
Forthwith appoim a receiver of sai~ mortgaged prope?ty all ~nd singulu, includmg all and sirgvlar tM 6?oorM; ptofit~ fasw~ aid nwew~ from whrNvtr
source derived. each end every o# whKh, it being expressly undentood, is hereby mortgaged u if specifiully ~et forth ~nd dNCrib~d In thi ~rantinp and
hjbendum cla~ses hereof, and such Receiver shall have all the brwd a~d effactive funct~ons and powen in anywia amu~t~d by a GaM t~ ~ R~pIvK, and
s~;h appointment shall be made by suth Co~rt as an admitred equity and a rtwtte~ of absoluh tipht ta Yid INORTGAGE~ ~nd wlthout nfN~np b tlN
edequaq or inadequacy of the vatue of the property mortgaged or to the savency or insolvency of a~id MORTGAGOR a tM d~f~nts, and that weh
renu, ptofin, intorne. issues and revenues shall be applied by such Reteiver accwdinp ro tlN IiM or pvify of s~id IWORTCrAGfE i11d th~ pr~cfiq di tuch ~
Court. .
8. To duly, prornp~ly and fully perfwm, dixharge, execute, effect, eompkt~, comply with a~d abid~ by each ~nd wKy th~ stipul~tipry„ pr~,
condir'ans and oovenann in asid promissory oota and thia mortgage se1 fo?th. ' i
9. That ie the event tAe ownenhip of the mortgayed premises. w ariy psrt tiKr~of, beownes wst~d (n • p~rson othe? Man th~ MORTGAGOR. fh~ ~
MORTGAGEE, its succeuors and suigns, msy, without notice to the MORTGAOR, deal with s:xh t~tps~w or luepssor in iM~rpt wfN~ nhrMK~ b thi~ ~
mo~tgage and the debt hereby secured in the same manner ~s wi~h Mwtgagw without In any way vitiati~p p distharyinp tIN Mort~apas' li~bilhy h~t~
~~der or upon the debt Mereby aecured. No ssle of the premises hereby mortgaqed e~d ra forbtaanq on th~ put of th~ MORTGAGEE w iq woo~slort
or assigns and no extens'ron of the time fw the payment of the debt hereby secured ~iven by Iht MORTGAGEE w in a,caasws or auipns, shatl op.?~»
ro release, dischar~e, modify change or affect the original Iiab~lity of the MORTGAGOR ker~iry ~ither in whoi~ or in p~rt,
10. It is spec~ficaUy ag.eed that time is of the euence of tha contract and that no w~lw~ of any oblipation ha~under q of t1n obUQ~tion W-
cured he~eby shsll at ~ny time thereafter be held to be a wairer of the terms hereof or of the instrumant ~ecur~d huby,
11. In additan to the forego:ng mar,thly payments of princ'pal and interest rpvired by the prpniswry not~ secur~d hereby, Mott~~pw QowryMs
a~d agrees to pay to morigagee with each monthly payrneot an addirional sw~, es~~ma~ed by morrysyee ro b. eqwl a i/12 of rF» an»ua! cwt of fhe folbw-
ing:
A-All real property taxes kvied or assessed agai~st the above described rea! estate.
B-Premiums on fire and windstwm insurar.ce as herein requ:red to be tarried o~ the improvem~stri sitwt~ on fh~ ~bov~ dltvi(»d pr~miNS,
C-Premiums on such mortgage guaranty insurance as mortgagee shatl from time to time deem fif fo cuty On ih~ bae Ntur~d h~reby. ~
Mortgagee shal! from time to time norefy mortgagor in writing of the amount due and payable hereunder and such wm aMll tFMrwporl b! dw and
Fayable on fhe due dare of the next monthly paymenr and each s~ccessive month rhereafter untii mortpage~ ahsll notify mortgagpr pf • thanp~ wth
amount. Such wms sha1l !x appGed by mortgagee toward the payment of real property taxes, intwanct prem:weq, and mo~f~ap~ ~w?NH~r Irq~ra~p
prem' ms. ,
N WITNESS WHEREOF, the said MORTGAGOR has hereunto set Ms hand and se~l tM d+y and yNr fint afor~said.
kd and ed presence of: -
;
~ , ~
n ~
~
- ~ #
~
j SiATE OF FIORIDA ~ ~
` couHnr oF St. Lucie
~
Befwe me personally appeared RO~I't P. ~d ~
and
Jacqueline C. Todd his M,;fe, fo ,n, r„eH kr~, .nd k„ou,,, „ n,f a b.
rhe indiridwb descr;bed in and who exen,red the foreyo;ny instrurneat ~nd ackiwM,l ~a
fon re~ th~t thsy ~xewted ths s~rn~ for th~ pvrpw~s
e,V,.esua. ,4e,d N,~ ~a;d Jacque~lne C.
w~,ie of ths sa~d - RehAr~ P` Tc~dd - uPon a tep~r~te and privat~
exam~nstan by me taken separate and apart from her said hvsband, sduwwledged to and befon m~ fMf stk exacvted said instneneat ke~ly snd volvn~
rar;ly and w;tFw~t a~ compulsiw~, constra;nt, appreheosion. or f sr of or from her said Iwsb+nd,
WITNE55 my hand snd offic7al aeal thi dsy of Au~tls A. D. 19 67
_ sry Publk in and fo~ fM St~h of Horid~ ~t lu~
My Commiuion
Rehr~n To: <«;~~~aNr~~~ sxpires: •
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r,
firsf Federa) Sav s 6 Loan ation I~ ~~r_ C~~~
~ ~ 1 ~ `/~f_~ f~~I ~/NK ~ ~ ~
Of Fort Pierce. : Q~~ • . ,~J•_. ~ e(c
FOIt PI C! ~ s~:'v • r :.~r I
V I P~sf~ L l~~ Z~i ~ 7 V 7 _
f~~eo AN~ a~'~~~oEO = Q• ...~.,,,~.K.. Fw.
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S7. LUCIE COUNTY. FLA. = = ~ ~ ~ ~ ' = -
R~CQRC VERIc;~p ~ F_ r-~--~ t--=_~: I
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~,"`T~: S . 8ooK1fi7 PacE~454
CLERK CIRCUIT COURT
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