HomeMy WebLinkAbout2974 3. To plaa and continuously keep on tM bui!dinpi rww a h~r~~AK ~itvan on s~id land ~nd on ~tl ~qutpr~T ~rd pawndly cowr~d by MI~ inorq~
ege. with ~11 pnmivms thenon paid in ful1, fire insu,ancs ;n tM viwl standard polity form, in • swn apprpwd by tlw MQRiG/1GEE. N~d windalonn ,
~murar?c~ in th~ uswl ~randard pol~cy fam, in a ium ~pproved by tM MORTGAGEE, i~ wd~ compa~y a oony~ania a th~ MORTGA(iEE mar '
d~rect: and ~II fir~ and winditorm inwrance poliues on ~ny of said bvildieps. ~ny 3nM~Kf tMnin w p~rt 1h~noi, in th~ ~p~t~ wm aforNak! o? ;
in e:cas thN~of, aMll conr~in ths wval standud ma~gagee tlavs~ p such oH+N daw~ a tM Mort~apN may nqu~n, nwkMip th~ loa uedK said poli~ .
c~e~, e~ch and ~very. p~yabl~ w said M~RTGAGEE ~s its intcrest may ~ppe~?, ~nd ~ach ~nd ~wry wd~ policy ahal) b~ promplly au:prwd «+d d~IfvN~d b
•ny hetd br atM MORiG/1GEE p fwth~r secu~ity to said mort~ape debt, ~nd, not Itss tMn t~n (10) da11s in ~dvano~ of tM,~spi~+tion of Mth policy, 1o d~
I~~er to aid MORiGAGEE ~ rs~ewat ~fhariof, to~etMr with a recapt fw tM premiwn of wch r~wait and th~ sMll b~ no fu~ a wG?dttorm ieaw~
ptaced on ~ny of ssid buii~rg~, any inrare:t there7n or part thereoi. vnkia l~ f1K form and with tM loss p~y~bl~ a afor~id~ and in tM ~wM ~ny twn
of mon~y becom~s payabl~ und~r wch polky w pol]cies said MORTGAGEE sFull haw tM option w rsaiv~ and ~ppiy tM ~ on ~ocount of tM ird~bt~d~
neas secw~d hK~by or 1o pcrmit said MORTGAGOP.S lo reteive ~nd us~ N w ~ny pari thereol /w ofha~ purpotes, witAout thneby waivGg or impain
;nq any sqv;ty, lien a ripht under or by v'utw of this :rw:t9ape: and in tht ~vent said MORTGAGORS aMl) for any ~wn fai) M k~p tM s~k! pr~mitu so E
inwred. or fail b deliver promptly ~ny of said policies of insurar~ to. uid MORTGAGFE. a fail prompth to p~Y iully any prNnwm tlwrefor ot ia anp
re,pecr (ait to pertorm, d~scM~ye, execute. ~ffect. complet~ comply wlth ~nd abid~ by thia cown~nt, « any p..t Mrwf, srW MORTG/1GEE m~y pba aod
pay fw such iiq~ranc~ or any part ttwreof without w~ivinp or ~ff~ciinp ~nY opYwq, Ii~ey puity. a r'~pht unda a by riAw of this Mort9sp~. and 1M
fuU amovnt of eadi ~nd ~wry such payma?t shall be irrwnedi~tely dw ar,d pryabl~ and sh~lt beu int~rest fraen th~ daf~ tMa~of until p~id at th~ r~1~ ot .
n~ne per pntum per aeuwm a~d together v.ith uxh in~erest shaN be secw~ d by tM li~n of this mort9~p~.
4. To pKmit, aommit or suifar ~o wutQ, impa'umenr or deterarat.,n of ss~d propKry or any puf th~rwf.
5. To pay all and singulsr ths costs, cF?arges snd expeniea, iaclucug a rossonsbl~ ~ttwney's fN ard oat~ of sbsN~cM of titb, inturr~d o~ pNd N
a~y t~me bp aid MORTGAGEE, becavse or in the ~veot of the failwe or• tM part of tlw aid MORiGAGOR to duly, ppnpNy and ivlly p~rfomA, di~charpR
execute, ~ffad. complete, complY with a~d ab:de by ~~ch a~d every th~ stipulatiw~s, ~greements, cw~ditiwu, u+d oown~nts of uid promisary not~ aid thf~
mort~age any or atlx?, and sa~d costs, charges and expenses. each a~d ~very. shall b~ inwnediately due u?d p~Y~bl~t wMtlwr or not tMr~ be nWla d'
mand, anempr to colkct o~ suit pend~ng; and the fvU amount of each and ev~ry such psyment shall bear int~nst from th~ daT~ thenof unNl p~W ~t th~
rare of nine per cer?tum per arwwm; a~d all said costs, charges end expenses incwred or paid, rop~1hN with suth Int~naL shall b~ sKU~~d by tM IiM~ of 1hI~
mortflsp~.
i
cs. That in the evant of any breach of tl?it MatgsQe w defaul~ on ths put of the MORTGAGOR, or (b) in tM ~wnt ~ny of wid wm~ pf nw~ey
herein referred to be oot p~omptly and fully pa~d wi~hin thirry l30) days ~ext ~fter the iame uva~lly b~cqn~ dw ~nd payaW~, withow d~en~nd o? notie~,
or (c) in the event cach and every the stiputations, agreements, cond~tions and coven~nrs of sa~d pro~r,;s~o.y nor. and Nw monp.Q~ ar,y w Ntlw ~n no1
~uly, prpmpNy and fully performed, dixharged, executed, eifected, completed, complied with and ~bidsd by. tlNn tn tithM a~ny such ~wnt fh~ s~id p~
gregate sum mentioned in said promissory note the~ remaininp unpaid. with into~est acuued.. ud all morNya s~cw~d. hu~by. .h.ii b.co„~. d,,. .~d ar
eb;e forthwith, or thereafter, at the oprion of uid MORTGAGEE, as fully and completely as if ~II of 1M ~aid ~wn~ of morNy vwn oripln~lly ttipulat~d
to be paid oe? such day, aeything i~ snid promissory ~ote or in tha AAatgage to the conu~ry notwitMtandiep= ~nd 1Mr~upon a thtn~ftK at tM option of
sa~d MORTGAGEE, without notice w demand, suit at Isw or in eqvity, therefore or fMrsafte~ b~~un, ~ur b~ proMp~f~d a If al) n~WNyt NCUr~d h~r~b~?
had matured ptipr fo iq in3titvtion.
7. That in the event that at the beginning of or at sny time pending any suit upon this MoHpay~, or"fo fOr~dpM h, o? fo ntorm h. 0~ fo Mffwq `
payment of any dsn,e berevnder, said MORiGAGEE shall apply to the Court having jurisdiction thenof for tM sppoin/m~nt of ~ R~oeivN, wd~ Court ~II
Forthwith appoiM a receiver of saif! mort9aged property all and singular, includ~ng all s~d sioyutar 1M incan~..ptofits, hwM ~nd nv~nyy frqn wlwfw~r i
so~~rce derived, eath and every of whith, it beirg expres~ly u~dcrstood, is hercby mortgaged a if specifiully set fath ~nd dMCrib~d h thi pran?inp ~nd #
habendum tlavses hereo;, artd such Receive~ slul! have all 1he brwd and effective functioru snd powers in ~nywi~ MttWt~d by ~ COYtt fp a R~pivN, ~nd f
:~ch appointment shall be made by such Court as an idmitted equity ~nd a matter of absolute iiyAt to wid lYIORTGAGEE, ~nd without nf~nnp to th~
edequaq p i~adeQvacy of the wlue of ~he propert~mon9aged or ~o the wwency w insalvency of saW MORTGAGOR a tM difMdanN„ u~d that wsh
remi, profits, income, ~ssues and revenues shail be app~~ed by such Receive? atcordinp to ths Iwn o~ puity of ~aid MORTGAGEE and th~ prattic~ o! wch
Cavrt. •
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8. To duly, promptty and futly perfo?m, d'ncharge, execute, effect, compkfe, comply wi~h snd abidf by rKh ~nd ~wry th~ itywlatio~ai, pr~ny„
cond~tions ,~nd wvena~ts ie said promissory note and this mortgage set forth. ' .
9. That in the event the ownership of the mortgaged prem~ses, a ~riy put thereof, bec+omes wst~d in a p~rwn other NNn th~ A10RTGAGOR. tht
MOR7GAGEE, its successors ~nd ~uigns, may, without noiice to the MORTGAOR, deal with such s~tc~s~o~ p~spr ie iroa~st with r~f~rM~oe to thla
mortgage and the debf hereby setured in the same manner as with Mortgagw withovt in any way vitiatinp or ~?yinp th~ Mott~~pqr~' II~b{lity 1rr~• '
under w upon the debt hereby secured. No sale oi the premises hereby mortgsged and no fpb~arant~ on tht p~rf o~ fF~s MORTGAGEE ot Ns wocet~ort
o~ ass~gns and no extension ef the time for the paymenr of the debt he~eby secured ~iven by tFa MORTGAGEE ar its ~ucps;ots or ast;yns„ sh~~~ operat~
to release, discharge, mod;fy change o? affect the original liabil~ty of the k1pRTGAGOR herein, either in wlwb w in put.
10. It a specifically agreed that time is of the e:sence of this contract and th~t no waiwr of aml obli~ation Mrwnder o~ of th~ obliy~tion M.
cured FKreby shatl at any time the~eafter be hetd fo be a waiver of the termt hcreof w of N~e irufrwnv~t sKw~d ht~by.
i 1. In addition to the forego:ng monthly payments of princ'pa! and 'enterest required by the prpn'~uory noM secored her~by, morty~ypr pov~n~nf~
and agrees to pay to mortgagee with each momhly payment an addiiional sum estimated by mortpayee fp b~ ~qwl f0 1~14 of fhe ~nnwl cOSt Of th~ fOllOw~
ing:
A-All reai property taxes levied o? assessed agai~s~ the above desoribed real estate.
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B-Premiums on fi~e and windstorm insurance as herein requ~red to be tarried on the improvam~nts situat~ On th~ abov~ d~ttribed pnenisM, ~
C-Premiums on such mwtgage guaranty insurar~ce as mortgagee shall from time to time deem fif t0 urry oe tM IW~1 NCUred h~r~by, ~
AM1ortgsgee shall f?om time to time notify mortgagor in writ~ng of the amount due and pay~bb herwr~det a~d wth wm sMll tMrwpon b~ dW ~nd
cayabfe on the due date of the neat manthly payment and each successive month thereafter until mufyaye~ ~Iu11 notify mOrfgagor pf ~ eMnQ~ In such
a.,~o~nr. Such sums shall be applied by mortgagee roward the payment of real prop~rty taxa, irovranq premivms. ~nd mortD~W 9~~
premiums. _ _
IN WlTNESS YVMIfREOF, tbe said MORTGAGpR has hereunto set his hand and seal ih~ day and u first ~foraald.
iyned, Ses and ~ ed in the p?esence of: ~ ~
~
_
- n
,`,n
STATE OF FLORIDA ~
Saint Lucie
CCUNTY OF
Befwe me persorwlly appesrcd T. Ai~ ra B_ HA n ~ n ~ k~ g g i n$l a A c~~ 1 t ~ i
~v~~v?~H=lcnown ~nd known to me to b~ ~
the individwX desaibed in and who executed the fwe9oing instrvmeM, and atknowkdpeQ befwe me thri ~ielxewted fhs sam~ ior fh~ purpos~s ;
therei~ exp?assed. i
~NoiC75ZL~ -
? ~ q
ra ~
WITNESS my Mnd and official seal thi: ~.V d,y ~ A. ~95~.~_
i
Noary in md for th~ SfaM of Florid~ at L~r~ ~
Return Ta ~ MY ~ .
Fint Fedenl Ssvings d~ loan Astociation ,,~,:sit?i+11~., {`j~t~fil p~1.T~.lc. S:dl° o~ F}c:~N3 a: l~ g8
Of Fort Pierce. ~ . li ~ . . '
M tommisswn tExpues Aug. 6. ~yi1 ;
~
• fort Pieres, Fbrida ~
~ ~';V ' boad~d 6Y N~x+u9 FK! ~ Vw~Yr ~3i f
F~LED AND RECOi1ttED- . = ~ ~ ~ . i
. , ~
ST, I..UC1E COUNTY. Ft~A. - ~i r ~ c ~ - ~ ' - . ~
rr~n(~p VERlFIED " ~ ~J = . }
'•Y r; , ~ - ~
159 95~,0~ ~ = ~ ~ ~ - ~
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AUG 29 . _ • ~
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~a ~~QtTRAS , .
C~ ~?K C~RCUIT COURT - 0 R - ~F_~
~ amK 167 PAGE2972 ~ _ .
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