HomeMy WebLinkAbout2744 Z. To pl~c~ and continvouily keep on ths buildings now o~ Mraaft~r sitwte on ~aid land and o++ all equipmsnt ~nd paso.+~11Y cow?~d bY thit n+o~tp~
~y~, with •II premi~rr4 the+~oe? pa~d in full, fire insur+nt~ in ~he vaval tt~ndard polity form, ~n ~ sun+ approved by the MORTGAGEE. and windstan~
~nsu~anc~ In 1M usual standard pol~cy fam, in a sum approved by rl+~ MOBtGAGEE, in iuch company w mmp+ni~s u tM MORTGAGEE m+y
dir~ctj ~nd all fir~ u+d wind~torm insu~anc~ polictet on +ny of said build~nys, any inlerest tlx~ein or part ther~of, in tM pgreya~~ ium ~fa~iaid or
In ~xctss thtreof, ahall contsin tM uiwl st~ndard matga9ee clause w suth oth~+ clavs~ as tM Matgagcs may rpuu~, ma?inp 1M lou undt~ uid po14
cie~, ~ach ~nd ev~ry, pay~ble ro uid MORTGAGEE as iri intereit may ~ppear, +nd each ~~d every ivch poticy shall be promptly au:yned ~nd delivared to
~ny MW by s~id MORTGAGEE ~s fvrlM+ security to ssid mortpa9e debt, and, not leu t!»n 1~r? (101 days in ~dvuxe of the ~xpiration of each policy, to dr
liv~r to ~aid MORTGAGEE a renewal thereof, toyetM? with a receipt fw the premivm of t~ch renewalt ~nd then shall b~ no f~r~ w wir?dstwm inw~+~ce
plapd on any of said buildinps, any i~ter~~t therc~n w p+rt th~~wf, unleu in the foren'~nd wi~h th~ lou p~yable ai stwesaid; ~nd in tM ev~nt any sum
of nwnty becoma pay+blt upder such policy a policies said MORTGAGEE shall Mw ~M option ~o rece~vs and appty 1M sam~ on account o~ tM ind~bted~
nau secv~~d haeby o? w permit said MORTGAGORS to receive and us~ it a any pa~t thereof iw o~her purposei, wi~hout ~h~~Eb~ waiving or ~mpair-
;rty ~nr puity, lien a ~qht ve~der or by virtue of thii mortysge; and in tM ~veM s~id MORTGAGORS shal~ fw any re+son fail ro keep the uid p«mise~ so
insurcd, w fail to dtliver ptomptly any of said pol~ties of i~sunnts ro said MORTGAGEE, ot tail promptly to pay fully any premi~m therefw w In sny
r~ipM fiil 1o perfocriA, diuMr~e, ~ecut~, effect, canplete, compty with N+d abide by this covenant, or sny part he~eof, said MORTGAGEE msy pl~ce and
paY fw ~uch insv~anc~ w~~y W?f thereof without watving w~ffectinp sny option, lien. pv~ty, o? riph~ under a by virtw of this Matp~ye, and the
full amouet of e~ch and ~very such payment fhall b~ imrnedi+tely dw snd payabl~ and shsll bear intereit from tFa dat~ thtreoi until paid at ths raM ol
nirw p~r centum pa annum ~nd together wilh iuch interest shsll be setured by th~ IiM of this Awsiq~9e.
1. To pKmit, taeunit o~ suffer no waste. impairment or deterioration of said prope~ty or +ny paA tl~ereof.
S. To pay all ~nd ~inpulu thetosta, chuges +nd expcnses, includ~ng a reasonable attorney's fee and costs of abstrac» of title, incuned w paid st
~ny time by said MORTCsAGEE, bacauie w in the event of the faiture on the psrt of tM said MORTGAGOR to duly, promprly and fu11y perfam, d~u~a~ge.
executt, effect, complett, comply v~ith and ~b:de by each and every the stipular~oru, egreements, conditions, and covenanq of sa~d promissory note ~nd tAi~ ;
mortyap~ any or eather. •nd said cosn, c1?uget and e:perres, c+ch and avery. shall be immediafely due ~nd payable; whether w not th~ve be notice ds ~
mand, attempt to colkct o~ suit p~ndi~g; ~nd tM full ~mount of each and every such payment shall bea~ interest from the date thereof untit p~id at the
rate of nine per centum pe~ annum; and all said cdsts, charges and expenses incvrred or p+~d, together with such int~rsst, sMll be sesured by th~ litn of thu
mony~e.
Q TMt (a) in the event of any beach of this Matgage a defautt on th~ part of the MORTGAGQR, or (b) in the event any of utd sums of money
herein refe~red to be ~ot prompNy and fully p~id within thirty (30) days oext after the same severally become due and payable, withovt demand w notice,
or in the ewM each and every the ttipulations, sg~eements, tonditions and covenants of w~d promissory note +~d th~s mortg+pe any w eilher are no1
~uly, promptly and futly periormed, d~uharged, exrcuted, effeded, completed, complied with and abided 9y, then in Nther or any auch event 1M uid ag
yre~te ~um ment'qr?~d in said promiuoty note the~ remaining unpaid, with interest atuued, and all moneys secured hereby, ihall betome dw and pay-
able fathwith, p thereafter, at t!x option of said MORTGAGEE, as fully snd completcly as ii all of the ssid sums of money were wi~in~lly stipvlated
to be paid on suth day, snything in said promissory ~ote w in this Nbrtpsge to the contrary notwithsta~ing; and thertupon or thereafter al the opGon of
seid MORTGAGEE, wifhout notice or demand, suit at law w in equity, tFxrefore or thereafter begur+, may be prosecuted as if all moneys utured hereby
had tn~tured prw? to its inslitution.
7. That in the event that at the beginning of w at any tirrK pendirg aoy suit upon this Mortgage, w to foreclose iL or to reform it, or to enforp
paymenf of any clsims hereunder, said MORTGAGEE shsll apply to the Court having ju~isd~a~on thereof for the appo~ntmeM of a Recciver, such CouN shail
fortFiwith appoint a receiver of said mwtg~ged property all and singula~, includ~ng all and singular the income, profits, iuues and rtvenues from whatevcr
source derived, each and every of whith, it being expressly uodtrstood, is hereby matgaged as if specifically set fath and dewibed in thc yranting a~d j
habendum clauses Fx?eof, and such Receiver shall have all the broad and effective funct~ons and powers in ~nywise entrusted by a Court to a Reteiver, ~nd ~
•uch appointment shall be made by such Court ss an admitted equity and a matte? of absolute right to said INORTGAGEE, ~nd without reference to the
adequacy a inadequacy of the value of the property mortgaged or to the sonrency or ~nsolvency o( said MORTGAGOR w the defendants, and that such
rents, profin, income, issues and revcnues shall be applied by such Receiver accwding to the lien or equity of wid MORTGAGEE and the practice of such ~
CouA. ~
8. To duly, promptly and fully perfwm, discha~ge, execute, effect, complete, comply with and abide by each and every fhe stipulations, ~greemenis,
conditani and covenants in said promissory ~ote and ~his m«tgage set fath. r
9. That in the event the ownenhip of the mortgaged premius, a any part thereof, becomes vested in a person other tF~n the MORTGAGOR, tM
MORTGAGEE, iri svccesso~s and ass~gns, may, witha,t notice to the MORTGAOR, deal wifh such succeuoc or successor in inte~est with reference to thia
mwtgage and tha debt hereby secured in the same manner as with Mortgagw without in any way vitiating o? discharging the AAortgagors' liability here-
under w upon the debt hereby secured. No sale of the prem~ses hereby mortgaged and no forbearance on the part of the MORTGAGEE w i» successors
w auig~s +nd no extension of the time fw tFx payrt+ent of the deb~ hereby securrd given by the MORTGAGEE or its successors or auig~s, stiall operate
~o rcleua, discharge, modify change or affect the originsl liab~l~ty of the MORTGAGOR herein, eithe~ in whole or in part.
10. It is specifically agreed that time is of the esxnce of this co~trad and that no waiver of any ob~igat~on hcreunder or of the obligation sr
a,red hereby shall at any fime thereafter be held to be a waiver oF the terrru Ixreoi o? of the instrumeM securtd herby.
11. In add~tion to the forego:ng monthfy payments of prirtc'pDl and interest required by the prom~ssory note secured hereby, mortgagor tovenants
and s9rees to psy to mortgagee with each monthly payment an add~rional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow-
A-All resl property taxes levied w assessed against the above deuribed real estate.
; B-Premiums on fire and windsrorm Gnsurance as here~n requ~red ro be carried on the improveme~ts situate on the above described premises.
~ C-Premiums on such mortgage guaranty insurar,ce as mortgagee shafl from t;me to time deem fit to carry on the loan secured hereby.
~ Mwrgagee shatl from time to rime notify mortgagor ~n writ~ng of the amount due and payable hereunder and iuch sum shall thereupon be due and
payable o~ 1he due date of the next monthly payment and each successive month thereafter u~til mortgagee shall notify mortgagor of a change in such
I amount. Such sums sha!I be spplied by mortgagee toward tF+e payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance
premiums.
~ IN WITNE55 WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforasaid.
~ ~ y si~r~ s..~«! ~l de~ive? • e presence er: / ~ /
~ ~ p1U/l , ~ .Qi~ , f-tGt/t~ ~~~p
l~/~ {Se.q
~ //~2t~ ni.issn~.t~ /rAE:~t ($!~n
~ (Seap
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STATE Of FLORIDA t
} S5.
couNn oF St. Lucie ~
eef«e m. P.n«++ur ~pp~ared James L. Rober t s, Jr .
~1ary Yvonne Roberts h~s wiie, to me well known ~wd kno ti to me to b*• J=
r!~e individu~ls destribed in and who executed the foregoing instrument, ~r?d acknowiedged before me that they executed th,er sime ~ fw tAi pvrpoad `
r?K«M ~xpressed. And ths s~~d MarY Yvonne Roberts ' ~ ~ ~
~ w;r. w;~ James L. Rober t s. Jr . ~ppij~~:~uate and P.~v.w- ; ~
~ e=~m~nar~on by rr» pken separate and apar~ from Fxr sa~d husband, ~cknowledged to and befo~e me that •he executed said ins~r~nt freely ~~nd vo~~lr ~
rarlly and without ~~yr cornpulsan, constroint, apprehens~on Lu fea~ of q from her said Fwsband. ,
~v
~ WITNESS m~ h~nd •nd offK~al seat this_- d~y of ~id C ~i11.'~.i.lf~
~ .
' otary Pub~ic in •nd for the St~te of Florid~ ~t lary~
My Comm~ss~on eap~res: /O 7~
R~f~.~ To: ~.r;;~ ,<<CQitDcD
~
~ first F~ral Sav~ngs i loan Afwciat~on F~ ,`~.~~v r~:..
Oi fo.t P,erce • T• ^ " '
Y Fwt P~erce. flo~~da j MOTA~Y W~I.I~~AiE Of FLOw1~A A~ ISRaE
~ I MY COMMIS EXPIRES OCt. 11, 1971
, ~L~-(~` •ohoco rMROUOM •wco 111. DI[iT[~MOAfT
~
~ ,'U~ i'~f~ 14 ?,.1 ' - : ~i7
~ This inst~ui,?rnt prepa~eQ b~r LE'j51~j~
~
~ First Federat Sav. b loan Assn.
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~ ~ Of ~ PI6~C@ . C: -~.r ^.f.~`.'' ; C~':~~)F? i
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