HomeMy WebLinkAbout1387 3. To pl~c~ •nd continuously keep on the buildings now w hsre~fter ~~tust~ on sa~d land and on ail equipment and p~rionally cov~red by thit mort¢
p~, with ptemiurrts thcrto~ pa~d in full, fire insur~nce in Ihe ususl sundard policy form, in a ium ~pprovtd by the MORTGAGEE, and windstwm
insur~nc~ in tM usu~l st~ndard pol~cy (am, in • tum approved by the MORTGAGEE, in ~uch comp~ny w comp+ni~s +s tM MORTGAGEE may
II'uK~i ~~?d all fire and winds~orm insura~ce policies on any of said build~ngs, ~ny interest therein or part thereof, in ~M +gg.eg++e sum afw~wid oe
h ~xce~s thereof, ihall c«+tain tM uiwl ~~a~dard matgaget clause a such other ct~uss a~ tM Mort9agee may requ~r~, makiny tM loss ~nda taid po1F
ciy, s+ch ~nd every, paY~bla to s+id MORTGAGEE as its iroerest may appear, ~nd each and every iuch policy ~hall be promptly ~~s:yned and delivered to
any heW by iaid MORTGAGEE as furthar iecu~ity to uid morty~9e debt, and, not leu than t~r? (1(~) dayt in sdvance of the expirat~on of each policy, to da
Rvt~ to aid MORTGAGEE a renewal thereo(, together with a ~ete~pt fo? the premium of s•.xh renewal; and there shsll be no f~~e or windstam insu?anc~
pl~ted on a~y of said buildings. ~ny intereit therein a part thereof, unleu in the forrri and with tM lou payable as afwesaid; and in the event any ium
pf mur,ey becomei payable ~nde~ such policy w policies said MORTGAGEE ahall haw the option to rece~ve and +ppty the same a? account o~ the indebted
rnss satur~d hereby or ro petmit said MORTGAGORS to tKeive snd use if w ~ny part thereof fa othe~ purposes, without thsreb~ waivi~y o~ ~mpair-
Gg ~ny eqvity, lien a riyht unde~ w by virtve of thii ~orsyage; and i~ Ihe evem said MORTGAGORS shall fw any ~eason fail to keep the s~td prem~ies so
inaured, G? :sil to deliver prompllY ~n) of said po~ities of insursnce to s~id MORTCaAGEE, w fail promptly to pay fully ~ny premium therefot or ie? any
rospect fail to pe~fotrty di~charge, execute, effect, tomplete, comply with ~od ~bide by this tovenant, w any part hereof, said MORTGAGEE may pl~ce a~~d
pay fw tvth ini~rancs or any parf thereof without walvi~+y w affectinp any option, lien, equity, or riyht unda w by vi?tue o( th~s Mor?9s~e, and tht
full amo~rnt of each and every such payment shall be immediately due snd p~yable ~nd shall bea~ interest from ths date thereof uroil paid st tl~s rate of
nirw pa centum per annum and to~ether with"tucA interest shall be secured by the lien o( this mortgsge•
1. To permit, canmit or suffer no wasts, impairment or deterioratan of ~aid property or ~ny part the~eof.
S. To pay all and singul+r the.costs, charges snd expenxs, inclvdiny a reasonable attaney i fee and costs of abstracts of title, incurred w paid at
•ny time by said MORTGAGfE, becaus! w in the event of the failure on the p~rt of the said MORTGAGOR to duly, promptly and fully pertorm, d~uharge.
•xecute, ef(ect, camplete, comply with and ~u:de by each a~d every the sYrpulat~ons, sgreerrKnn. conditions. snd mvenann of said p.omizsory r+ote and this
mort9aqe any or ei~her, and sa~d costs, tharge~ and expenaes, each and every, sMll be immed~ately due and psysble; whether o~ not there be notice de
msnd, ~ttempt to collect w tuit pe~ding; snd the full arta~nt of esch ~nd every such paymr+t shall bear interest from the date thereof until p~id at the
rate of nine pe~ centum per aruwm; and all said costs, charges and expenses incurrcd or paid, together w~th such interest, shall bs seturcd by the lien of this
mortpaye.
0. Thst ja) in the event of any brcach of this Mortgage w default on the part of the MORTGAGOR, w(b) in the event any of satd :vms of money
herein referred to be not promptly and fully paid within thirty (30) days next after the same sevcratly become due and payable, without demand or notice,
or (c) in the eveq~ each and evcry tFx stipulations, ag~eements, conditans and toven~nts of sa~d promisswy note and th~s mortgage a~y w either are rwt
~uly, promptly and fully performed, d~uharged, executed, effected, completed, complied w~~h and ab~ded by, then in either w any s~ch eve~t ~he said ag-
preg~t~ wm rt:~ntioned in ssid p?omissory note then remaining unpaid, with interest accrued, and all mo~eys setured hereby. shsll becomt due and pay-
able forthwith, w thcre~fter, at the option of said MORiGAGEE, as fully and completely as ii all of the said sums of money were aiginally tt~pulated
to be paid on svch day, anything in sarcl promisswy ~ote or in this Mortgage to ~he contrary notwithstand~ng; and thcreupon a thereafter at the op~ion of
uid MORiGAGEE, without notice or demand, svit at law or in equity, therefore or thereafter begun, may be prosecuted as if ~II moneys setured hereby
had matured pnor to its instiWtion.
7. That in the event that at the beginning of or at any time pending aoy s~~t upon this Nbrtgsge, w to fweclose it, w to rcfwm it, or to enforce
paymtnt of any ctaims hereunde~, said MORTGAGEE shall appty to the Court having jur~sd~ction thereof tor fhe appo~ntment of a Receiver, such Court shall
fortliwith appoint a receiver of said matgaged property all snd singular, includmg all and singular the income, profNS, issues and revcnues from whatever
•ource derived, each and every of which, it being expressly undHStood, is hereby mortgaged as if speu(icatly ut forth and desaibed in tFx granting and
habendum ct~uses hereof, and such Receiver shall have all fhe broad and effeaive funcnons and powe?s in anywise entrusted by a Cou~t to a Receiver, and
such appointment shall be made by wch Court as an admitted equity and a mana of absolute right to said MORTGAGEE, and without reference to the
~dequacy w inadequacy of the value of the property mortg~ged a ro the sotvency or ~n:olvency ot said MORTGAGOR w the defendants, and that such
rents, profits, income, iss~es and revmues shatl be applied by such Receiver acco+dir~ to the licn or equiry of said 'MORTGAGEE and the practice of such
Court.
8. To dul-:, promptly and fully perform, distharge, execute, effetl, complete, tomply wilh and abide by esch and every the stip~lations, sgrcemenli,
condifans snd covenanrs in sa~d promisso?y note and this mwtgsge set fath.
9. Thst in the event the ownership of the mortgaged premises, a any part the~eof, becomes vested in s penon other than the MORTCaAGOR, the
MORTGAGEE, its successors and assigns, may, w~thout notice to the MORTGAOR, deal with such successor or successor in interest with reference to this
mwtgsge and the debt hereby sccured i~ the same manner as with Mo~tgago. without in any way vitiating or dixhargi~g the Mortgago~s' liability herr
~nder w upa? the debt hereby secured. No sale of the Frem~xs hereby mortgaged and no fabearance on the part of the MORTGAGEE w its successors
w sasigns and no extension of the time fw the payment of the debt he.eby secured given by the MORTGAGEE or its succeuon or auigns, shall operate
Io release, distharge, modify cMnge w affect the original liability of the MORTGAGOR herein, either in whole or in part.
10. It is specifically agreed that time is of the esunce of this contract and that no waiver of any ob~igat~on hereunde~ w o( the obligstion se-
a:ted hereby shail at any tirrK thereafter be held to be a waiver of the terms hereof a of the instrument secured herby.
11. In add~tion to the fwego:ng monthly payments of princ"pDl and interest required by the prom~ssory note secured hereby, mortgagor tovenants
and agrees to pay to mortgagee with each monfh~y payment an add~rional sum est~mated by mortgagce to be equal to 1~`12 of the annual cost of the follow-
ing:
A-AI~ ?eal property taxes ievied or assessed agai~st the above dexribed real estate_
B-Premiums on fire and windstorm insurar.ce as herein requ~red to be tarried on the improveme~ts situate on fhe above destribed premises.
C-Premiums on such mortgage guaranty insurance as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby.
Mortgagee shalt from time to time notify mortgagor ~n writing of the amount due and payable hereunder and such sum shall thereupon be d~e and
payaWe on the dve date of the next monthly payrrwnt and each successive month thereafter ur.til mortgagee shall notify mortgagw of s change in such
amount. Suth sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, a~id mwtgage guaranty insurance
prcmivms_ ~
IN WITNE55 WHEREOF, the said MQRTGAGOR has hereunto set his hand and seal the day and yes first pf esaid. ~
Se~r~~ livered n the esence of: l
~~i °,v ~ r~.'
_ ~ - _ (Se•q
-~'ke_'- - c cC .-r, ~c..< ~ (Se+q
~ 0 CL ~
Se+p
STATE OF PLORIDA ~
Ste Lucie
COUNTY OF
Befwe me penonally appeared JO S@ F, V l ld i V 1 d
Teresa Valdivia his wife, to me well known and knowri to me to be
the indiriduals described in and who executed the fwegoing instrument, and acknowledged before me that they executed the same for ttx pu?poses
lherein expressed. And the said Teresa Valdivia
wife ot the said Jo se F. V81CI1 V 1 a. vpon a scparate and p?ivsts
examinstion by me taken separate and apart from her said husband, atknowledged to and befwe me that she executed ssid instrument freely and volurr
tarily and without aryr compulsan, constraint, apprehensiory w fear of w from her ssid husband.
WITNESS my hand a~d official seal this day of A. D. 19~8
~/1 n , ~ ~ 1 [~L~l.dt~
W lit/"V
Notary Public in snd for the State of Fbrida et lsrge
My Comm~ssion expires: a~_ 7~
Return To:
fint Federal Savings 3 loan Associat~on p RE~ORDEO' , NOT~RY PUBIIC. STAT~ OF FLO~,IDA t.T L~R;c
of Fo.~ a;e«e. FILEp AN ~OUNTY FLA• MY eoM:~vssioN tx~;sES r;~v
U h. U~ t: ~ c.
Fort Pierce, Florida , LUC1E ^t~ ~`'~•"~u ~MN"u°., s " „ „
~L~n~,n.;,~~:~. FD S~ ' -
164~ ~
This instrumer~t p:ep:-ed by 06 f.'
Fic~t Fed?r~s ~~4z ~~~68 FEB ?Z pM .
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. CLERK CIRCUIT . , .
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