HomeMy WebLinkAbout0355 3. To plac~ ~nd continuously ke~p on th~ buiidings now or Mreaft~? ~itu~t~ on t~id I~nd and on ali equiprntnt ~nd pKtonally cov~?~d by thh mwlQ~
pr, wi~h all pr~miurtA th~rwn p~~d in full. fin I~l~NMf in ~he viu+l sundard policy fam. ~n ~ suM approv~d by tM MORiGAGEE. and wind~twm
Insw~nc~ in tM vswl iiandard poGq fam, M• wm ~pproved by the MORTGAGEE, in svch company a ca~P+nia +s ~he MORTGAGEE e~ay a
dinctj a~d +11 iire ~nd wir+ds~orm iniuranc~ policis~ on +ny of said build~nps, ~~y int~ns~ th~~~i~ w part therwf, in tM +~qre9au wm afa~aid w ~
In ~zuts th~reof, ~hall cont~in the u~wl slsndud mort9a9N clavse w such otl?K dau~ a tM Mony+ges m~y rpuw~. makieq ti» lou u»dN ~+id po1~ ~
cia. ~ach and ~wry. p+Yabl~ ro said MORTGAGEE a~ its !ntercit may ~ppaa~. and esch ~nd ~very tuch policy iMll be promptly su:yned and d~liv~r~d ro I
any h~ld by s+id MORTGAGEE as turths~ sec~~ity to said ma~y+y~ d~b~, and, not I~u tMn ~~n (10) days ie+ advanc~ of tM eaplr~tio~ of each policy, to dr '
livK to taid MORTGAGEE • r~new~l thereof, topetM? with a receipt fw ths p~emivm of ~uch ree~ewal; ~nd then shatl b~ no fin a windstwm insw~nc~ f
pl~pd on ~ny of uid buildinps, ~ny interest tl+K~in or Wrt therwf, ~nl~u in tM fonn'and with tM lou p+Yable ~s afw~iaid; ~nd in tFN ~v~nt any swn ~
of narny becants payable w?de~ iuch polity a policies taid MORTGAGEE shall Mw tM option ro receiw +nd ~pp1Y th~ am~ o~ ~cccvM oY IM ind~bted~ ;
rnss sacvnd Mr~by or 1o permet ~sid MORTGAGORS ro receive and v~ it a any part tl~ereof iw other purposes, without ~he.eb~ waiving a impair ~
inp ~ny pvity, li~n a r'~pht unde? w by virtw of this mortp~p~t +~d in tht ~vent s~id MORTGAGORS ihall fa ~ny nsson f~il to keep the aid prem:sa w ;
inturad, or i~Il to d~liver promptly ~ny of said polities of insunnce ro said MORTGAGEE, w f~it promptly to pay fully ~ny premium tMrefor w i~ ~ny
~~spaf fail w pNform„ discharye, ~xecut~, ~ffed, compkts, comply with ~nd abid~ by tius covenant, w+ny part he~eof, aid MORTGAGEE m+y p~+c~ +nd
paY fw such ie~wru?c~ or ~ny p~n tl».eof without w~hirg a~ffecti~p any option, Ilen, puity. a right undN or by vinw of this Matp~. ~e+d the
full ~movnt of tach and evNy si?ch p+ymem th+ll b~ imrtKdiately dw aod p~ysbl~ and ahall bear If11KH1 from tM dat~ thereof w?til paid M th~ rat~ ol
nirw pM t~ntum pK ~nnum and to~ether with suth interest sMll b~ s~cur~d by tM li~n of thi~ mwtpay~.
4. To pKmit. aomrut or s~ffa r+o wast~. knpairment w dNerioration of said property w any p+?t ther~of.
5. to pay ~II and sirgular the tosts, cFurpes aod expenses, i~ctudir?p a resson+ble attaney's fee and cost~ of abstr~cts of title, incurred a paid ~t
any time bp said MORTGAGEE, becaus? u in the ever+t of the (ailure o~ tFn part of th~ said MORTGAGOR to duly, promptly ~nd f~lly p~rfwm, d~schar94
execute. ~ffed. compk~e, comply with ~nd abide by ssch uid every the it~pulations. agreements, tondit~ons, ~nd tovtn+nn of said promissory not~ and thi~
mo~ty~ye any w eithe~. and sa~d costs, char~es ~nd expernes. e~ch and every. ~hall be immediately due and p~yable: whetl+K or not ther~ be i?otKe ds
m~nd, mempt to oollect w wit pendtng; ~nd tFa full amount of eacl+ and wery ~uch payment sh+ll bea. imaret~ fran Ihe dat~ thereof until paid at ths
?ate of nine per teetum per snnum; and all said cbsts, chuyes +nd exper~ses incvrred or paid, topather with such ir+terest, shall b~ Ncvred by tFN lien of tha
mOrt9~Qf. ~
6, That js) in the event of ~ny breach of this AAortgaQ~ or default on the part of the MORTGAGOR, or (b) in the event any of s+id sums of mo~+ey
herein r~ferred to be not promptly ~nd fully p~id within thi?ty (30) days nexf ~fte. the same severally becane due and pay+ble, wi~hout demand w notice,
or (c) in the ewnt e~ch and ~very the atipul~tions, preanenti. cond~tans ~nd tov~na of ~a~d promissory note +nd th~s mortp~~ any a ei~lw ~n no1
iuly, pranpNy ~nd fully perfwmed, dixhsrged, executed, ~ffected. completed, complied with and ab~ded by, then in either a any such ~wM tM s+id ag
prs~,~tt sum mem;oned in iaid promissory note then ~emeinieg unpaid. with interest acuued, u~d all moneys secured hereby. ~MII becom~ dw snd pay-
able forthwith, W 1I~lfN~1N, at the option of said MORTGAGEE, as fully and comptetely +s if +1~ of fhe ssid wms of money were orgin~lly atipulated
ro be paid on such day, anythinp in sa;d promiuory oote w in this Mortgage to the convary notwithstanding; and thereupon w theresher at tM op~ion of
uid MORTGAGEE, without notice a demand, wif at lawr or in equity, thereiore w lhereaftcr begun, may be prosecuted u if all moneys secured hereby
had rMtured prio? to its irtstitution.
7. T!»t in tFis event thaf st the beginning of a ~t any time pe++dirg aoy suit upon this Mortgsge, or to foretbse H, w ro refwm it, or 1o enfurq ~
payment of any claims hereunder, said MORTGAGEE shsll apply to the Court having jurisd~ction thereof ior tl?e appomtment of • Reteiver, such Courf s}~+II
fortliwith appoint a receiver of said mortgaged prope?ty all and singular, irxlud~ng all and singular the i~mme, profits, issues and revenues from whatever
source derived, e~ch and every of which, it beinp expreuly understood, is hereby mortgaged as if tpeufically set fwth and described in tM pr~ntinp and
habendum clauses hereof, and such Receiver shsll Mve a~l the broad and eftective functwns and powers in anywise emrusted by ~ Co~rt ro a Reuivar, and
such sppoi~tment thall be made by such Court as an admitted equity +nd a maner of absolute r' M to ssid MORTGAGEE, and without referente to ihe
~dequscy o? inadequacy of the val~e of the prbperty mortgsged or ro the wnrerxy or ~nsolven~of said MORTGAGOR w the defendann, and that such
renrs, profin, income, issues and revenues shall be applied by s~?ch Receiver accordiny 1o the lien or equity of said 1Y10RTGAGEE and the practice of such
Court. '
B. To duly, p?omptly and fvlly pc~form, diuha.ge, execute, effect, complete, canply wi~h snd abWe by eacfi ~nd every the stipulations, sgreements,
conditiom and covenants in said promisso?y note snd this mortgage set fwth. ~
9. That i~ the eveM the ownership of the mortgsped premites, or ~ny psrt thereof, become~ vested ln ~`person other than the MORTGAGOR, the ,
MORTGAGEE, its successon and auigns, may, withouf notice to the MORTGAOR, de+l wifh such succes~ w successor in imerest with reference to this
mort9age and the debt hertby secured in the ssme manntr as with Nbrtgsgor without in sny way vitiatinp p disch~rging the Mortg~gors' liabitity hera
under w upon the debt hereby secured. No sale of the prem~ses hereby mortgaged ~nd no forbe+nnce oo the paat of ~hs MO~tTGAGEE w its successors
w suigra snd no extension of the time for the p~ymem of the debt hereby secured given by the MORTGA6EE or its tuccessors or auigns, shall operate
to release, dixharye, modify change w aifM tMe original liability of tF~e MORTGAGOR herein, either in whok w in part.
10. h is spec~fically agreed that time is of the essence of this contrad and that no waiver of any obligation hereunder o? of the obliyation so-
a;red hereby shall at any time tlxreafter be htld to be a waiver of the terms hcreof w of the instrumeM setured herby. ~
i
11. In addition to the forego:ng mo~thly payments of princ:pDl artd interest required by the prom~ssory note secured hereby, mwtgagor tovenants
and agrees to pay to mortgagee with each mon~hly payment an r~~~anal sum est~mated by mortgagee to be eqvsl to 1/12 of the ann~al cost of the follow-
ing:
A-Al) resl property taxes levied w assessed agai~st the above deuribed real estate.
B-Premiurtu on fire and windstwm insurance as here~n •_q~~red to be carried on the improvements situate on the sbove described premises.
C-Prcmiums on such mortgage gusranty insurar~c•. as mortgsgee shall trom time to time deem fit to c~rry o~ the loan setured hereby.
Mwtg+gee shall from time to time notify mortgsgor ~n writ~ng of the amount due and payable hereunder and such sum shall thereupon be due end
pay~ble on the due date of ~he next monthly payme ~t and each successive montfi thereafter ur.til mwtgsgee shall notify mortgagor of a change in such ~
amo~nt. Such sums shall be applied by mortgagee to+vard the p+yment of real property taxes, insurante p~em:ums, and mortgage yuaranty insurance ~
premiums. '
N ITNESS WH , the said MORTGAGOR has hcreunto set his hand ~nd usl the day and year fint afaesaid. ~
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~ ' o d, ~ d nd ti in the presence of: }
- ~ILCL.~~~~~Q~ t5c+0 ~
- rs.,q ~
csNn
~
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STATE OF FLORIDA
Saint Lucie ~ ss.
couNn oF ,
Before me penonally appeared Evelyn M. Olson, a widow~ ~
hb-~ife, to me well known and known to me to bs
the individwlt described in and who execu~ed the foregoinp instrument, and acknowledged before me that executed the same for the purposes
therein expresfed. At1d~hl~'s'aid
wae a+.~.- »w opa~ r ~,..M.~ ~:M.+.
~~ai~aYw+?bw.M. H4~ ~parat~. and~psrt~o~ri~er~ir-iwsba~i.-Mls~nieJl~~~ ~nr~b~f~w~-~IM~-si~ ~~ewrMl ~~id.iwslrrrwewl~f~e~1~?~~d-+nlrw.
MariF~-sw~wilhss~-~rpr-eanp~isw~t-~woeraw~b+ppei~ew ' e?~ew~s~e~~rcti~~nMi~l~wb~nd?
WITNESS my hand and officisl ual thi~.~.~_ day of J ~r a iv 6S
~ .
Notsry P in ~r+d for the State of F{wida af larye
~ . My ~uion e:pires: - ~
~ R~wm .70: .^;2;y ~'aalK, State oi ~tori3a at Larqe V
~ Fint Fadasl Saringi d. losn Atsociat'an -
Of Fort Pierce. My C0111(AISSI011 E~ifCS AU9. G, ~91~
~ Fort PFerce. Florida ;~~~~1. _ ~~~rM.M+af~l~~+*~rCSY
~ FILED AND RECORDED
~ •r_ r - S'f. LUCI~ CQU~~TtY. FLA.
~ - • _ ~,..%~,`~'1i:C ~~~~'I^~:~i~
~ This instrument prepared by • , - '
~y First Federal Sav. & Loan A;sn. ~ r
. . ~ 22 W~ ~0 : 3
~ ~3 'G8 J,:}~
~ of Fort Pierce - ~ ~~1 11 ~
gy ~e~ • : ~
~ s= 163'7 ;
~ ' , _ . . ~
CLCZK CIRCUIT COURT ~
~ _
8~~70 ~ 3~ '
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