HomeMy WebLinkAbout0570 3. To plat~ ~nd tonliouovsly keep on ~he buildingt now or hersafter sitwt~ oe~ ~aid I~nd and o++ all equipmsnt ~nd p~non~lly cova~d by this nart~
sys, with ail premi~~ thareon pa~d in (ull, i~re insurance in the uiu~t ~t~ndard policy fwm, ~n • ium approvad b~ tM MORiGAGEE, ~~+d wtndstorm
~naurana in tM n:al s~sndard poiicy fam, (n a sum approved by tM MORTGAGEE; in iuch company a compan~~t ~s tM MORTGAGEE may
d~rectj and a!! fl?~ and w;nd~rorm in~~rance poliues on any of ssid build~rgs, ~ny i~t~r~ft therein w p+rt tF?e~~of, in tl» ~rey~r~ wm ~for~said or
In ~xcess theraof, tMll contain ~he uswl standud morsgayN cla~se w iuch o~he~ dws~ ~s rM Mwt9a~~s m~y rpu~rs, makinp ~M lou und~? sa;d polb
cies, ~ach ~nd ~very, psyabla ro s~id MORTGAGEE »;ts intereit may sppe~r, ~nd each ~nd every sucfi policy shali b~ promptty us:pned and delivered ~o
any Mld by s~id MORTGAGEE ~i turthe~ setvrity to s+id mortgs~e debt, and, ~ot leu than ten (10) days in ~dvanc~ of 1M expir~iia? of e+ch policy, to da
I~ver ro aid MORiGAGEE a rte+ew~l thereof, togeiher with a ~ece~pt fw the prem~um of such renewel; and ther~ sMll b~ no fu~ w windi~orm inwr~nc~
pl~ad on ~ny of faid bvildin~s, any interest the~ein w pui thereof, unleu in th~ foren' u+d with 1M lou psyable ss ~for~iaid; ~nd in .tM ~v~nt ~ny sum
of nwn~y becan~s p~yabl~ u~der svch policy a policiei said MORTGAGEE sMll Mw th~ option ~o receiva u+d ~pply tM iam~ on acount o~ tM indebtsd~
neu fecvr~d hersby o+ ro petmit sa'+d MORTGAGORS to reteive and us~ it o~ any parf thereof fa othe? pu~poses, without Ihneb/ waivi~g or ~mpair-
ing sny p~ity, li~n w ripht under or by v'utw of this mostya~e; ~nd i~ th~ ~vent sa~d MORTGAGpRS shalt fw ~ny reawn f~il to keep the isid pramiies w
insured, or fail to deliver promptly a~y of said policies of insu~ancs to said MORTGAGEF, a tail promptly to p~y tully ~ny premium thc~efor u in any
respect fail b pNfoan, dischargt, exetute, effect, complet~, comply with and ~bide by thii covenant, or any part Aereof, a~id MORTGAGEE m~y pl~ce and
pay fa such inwrsnct or ~y part thereoi witho~t walvt~y or aff~ctinp anY option, li~n, p~ity. or r7yht under a by vinw of tbi~ Maepay~. ~nd the
fu11 amount of esch and every such paymsnt ihall b~ immedi~tey dw aod payabl~ and shall be~r interest f.om th~ dat~ ~Mreof ~?n~il p~id a~ tM r~t~ oi ~
ncne pK cenwm per annum ~nd to~e~her wi+h sucA i~terest ihall be securad by tM li~n of this mort9+~e.
1. To pe~mit, commit or suffer no wsst~, impaument a dereraratio~ of ~aid properry w~r?y psrt the~eof, i
f
i
5. To p+y all and ~inpula the.cosn, chupes and expenses, includirg s reasonable attwney's fee snd costs of abstracts of title, incurred w p+id a~ '
any time by said MORTGAGEE, becaus~ or in the tvent of the failure on the part of the ssid MORTGAGOR to duly, promptly snd fvlly perfam, d~uhary4 '
execute. effed, complete, ca~y~ly with aod ab+de by e~ch and every the atipulationa, agreements, cpxlitiora, ~nd covenann of ~id promiuory note and th;a
ma~gs~e any a either, urd said cosM, charga snd expenses, escF~ and every, :hsll be immediately due and payable; whether w not ther~ be notic6 de
mand, a»empt to collect or wit pending; ~nd the full smounl of eack ~nd every such p~ymem sMll be~. intereit from the date thereof until paid at th~
rare of ~ine per cr~tum per an~wm; and alt said cbsq, charges snd expenses incwred p paid, topefher with such interest, thall be setured by tM lien of thit
mortQap~.
A. TMt in the event of u~y bresch of this Mortyaye or default on ths part of ths A40RTGAGOR, a(b) in the event any of ~a~d :ums of rtaney
herein r~ferred to be ~o~ promptly and fully paid within thirty (30) days next after fhe same ieve~ally become due and p~yibh, without dem~nd w notitt.
or (c) in fhs sveM sxh u~d every the iti~xrlatio~?s, ~greemenn, co~d~tions and coven~nts of sa~d promiuory ewte and tlas mortg~ge any or either are ~w1
iuly, promptly and futly perfwmed, d~xharged, exccuted, effected. tompleted. tomplied with and ~b~ded by. then in either w any such event tM iaid ag
preg~t~ wm menrioned in seid promissory rwte then remain;ng unpaid, with imerest scuued, and all moneys secured hereby, thall becnnN dw and pay~
able forthwitlw, a there~fttv,- at the oprion of said MORTGAGEE, u fvlly s~d completely as if all of the iaid sums of money we~e aiqinally stipulated
to Gc paid on s~ch day, anythirg in sa;d promissory oote or in this Mortyage to tF~e contrary notw;thsfarnd;ng; and lhereupon a thereaiter at the option of ~
~aid MORTGAGEE, without notice w demand, wit st Isw or in eqvity, thcrefwe or thercafter beyv~, m~y be prosecuted as if ~II maxys secured l+ercby
had matured priOr to ib institution.
7. TMI in the evcnt that at the beginning of w at any time pending ~oy suit upon rhis Mortgage, d to foreclose lt, a to refarm it, or to enforte ~
paymenl of any claims hereunder, ssid MORTGAGEE sh~ll apply fo the Court having j~~isd~ction the~eof tor fhe appo~ntment of a Receiver, wcA Court shall
fortFiwith ~ppoiM a receive~ of said mwtgaged property atl and singvlu, includ~ng all and singular 1he incwne, profits, issues ~nd revanues from whatever ±
wurte derived, each and every of which, it being expreuly underslood, is hereby mortgsged at if spetifitally set forth ~nd destribed in the yranting snd =
habrnd~m tlauses hereof, and such Receiver shall have all the brosd artd effective funct~ons and powers in ~nywiu Mtrusted by ~ Court to ~ Rcteiver, and
•~ch appointment shall be made by such Court as an admitted equity and a matrer of abso~ute right to sa;d MORTGAGEE, u~d without reterence ro the ~
edrquscy a inidequaty of the wlue of the property mortgaged or fo the sorvency or inso~vency o( said MORiGAG4R a tAe defendann, and that such
rents, profiri, i~come, issues and revenues sMll be apptied by such Receiver accord~ny to the lien or equity ot said MORTGAGfE and rhe practice of such
Court.
8. To duly, prompNy and fully perfwm, discharge, execute, effect, complete, eomply wirh •nd ab'~de by each and every the stipulations, agreements,
co~ditiora and covenaros ~n said promwsory not~ and th~s mortgsge ut fath.
9. That in tt~e event the ownenhip of the mwtgsged prem;sea, or sny part tF~ereof, becomsa vested in a perwn other than the MORTGAGOR, the
rAORTGAGEE, ih ~uccessoia and suigns, may, without notice to ~he MORTGAOR, deal with such successo~ a succeasor in interest with reference to thia
mortg~ge and the debt hercby sec~red in ihe same manner as witi~ Mwtgsgor without in ~ny wsy vitiating p disch~rging the Mortgagors' liability here.
undtr or upon tlx debt Fx~eby secured. No sale of the premise~ hereby mwtgaged and no fwbesrance on the part.oi tl+e MORTGAGEE w iti successori
or assigns a+nd no extension ot the time fw the paymem of the aebr hereby secured given by the MORTGAGEE w its successors w usigns, shafl operate
to :elease, dixksrge, modify chsnge or affect the original IiabJiry of the MORTGAGOR heroin, either in whote or in part.
10. It ia specificalfy agreed that time is of the esxnce of this contract and that no waiver of any obligaf7on hereunder w of the obligat~oe~ se-
a.red hereby sh~ll at any time thereafter be held to be s waiver of the terms Fxreof or of the instrument ucured herby.
11. (n add+tion to the fwego:ng monthly payrtrents of prin~ p~) and iMerest required by the promissory note secured hereby, mortgsgor toveeants
and agrees to psy to mortgagee with each monthfy payment an add~rional sum estfmated by mortgagee to be eq~al to 1/t2 of the annual cost of f1?e follow-
ing:
A-AO ~esl property taxes kvied or a:ussed against the above described resl estate.
B-P~emiums on fire and windstorm insurance as Ixrein requ~red to Fx urried on the improvc~menq sitwte on the above desaibed premises. ~
C-Premiuma on svch mwtgage guannty insurar,ce as mortgagee shatl /rom time to time deem fit to carry on the ban secured hereby, • i
Mort ee shall from ~ime to time norif mort a or in writi ~
9+9 y g g ng of the amount due and payable 1?ereunder and such sum shall therevpon be due and
pzyable on the due date of the next moathly paymeM and each successive manth thereafter ur,til ma?tgsgee shall notify mortgagor of a change in such
amouM. Such sums shall be apptied by mwtgagee toward the payment of rea! property taxes, insurance prem:ums, and mortgage guaranty insurance
premiums.
IN WITNE55 HEREOf, t ssid RTGAGOR has hereunto ut his hand snd xal the day a~ear first aforesaid. ~
~ Siyaed, a 1' ed ~ of:
~
~
~ ~ + ~+ry
Se,q
cs~.n
STATE Of f10RI0A
Saint Lucie ~ ss. ~
COUNTY OF
Before me personslty sppeared Toney Ford, a/k/a Tony Ford ~
Mary Lee Ford his wife, to me well known and known to me to bs
rhe individwls desuibed in and who e uted the for oing trume~t, and acknowledged before me that they executed the same for the pvrpoaes
r?,~«~~ eXa~a. r~ ~azy Lee ~orc~
W~re ot rh, ~;d ~ney'~or , a ony or
upon a separate and priwt~
examinaYron by me taken sep~rate and apart irom her said husbend, stknowledged to and beiore me thaf she executed said instr~ment freety ~nd voluo-
rorily and w;thovt •ryr compulsion, constraint, apprehension, w fear of w frcn her said hu:band.
WITNESS my haod and officisl seal thi:~11~l~~_ day of Januar ~a 1968
1~$
Notary Public in end fw the Sute of Florida at large •
My Commission expFres:
Retum To: - ~ ~ ~f
Firtt Feder~l Savinps d~ loan Associatian 6~E
~-ate aF ~......:A RT I.A
o+ Fo., P~et~e. FILED AP~D RECORDED NoT~Rr Fus~?c• r~;;ES NuES.~6HOqAi1~~:,,,~~
Pr~,~, Florida ST. WClE CflUP~TY FLAMY coru.~~'S~aN F~R_o a. ~ n•,
ina~.uun ~ ~ E13{ '
, i,:..CQ%'~ i'~arF.F~ YOt~DED ,
: .
1.6~`753 _ : ~
d'• . .
This insfrumenf prepared by r: ~ r . _ :
Frst Federal Sav. & Loan Assn. 'S~ ~I~:'~ 2 3 ~d ~ C : 0 I • _ - - . ~ ~ - . - ;
fort ~ ~
B ~9 ierce ~ - . L. . - -
y. ~ . , - -
CL`'riK C{RC~'tT COURT ~ '
• .oUUl~~i i~, '~/{b[ ~ F
C r:
~;-~;s,. _ _ _ _ _ -
~r~'~3~
r~~~ k~, ~~.~a x~„~~~~ ~ _
.