HomeMy WebLinkAbout2528 3. TO pfaq and tontirNrOUtly kNp pn ihe buildinps rww or Mre~ftN sifvN~ on faid land ~nd o~ all pvipment ~nd p~?qn~lly tovlt~d by thi~ maq.
p~, with dl p~miw:A th~non paid in tull. fi~~ irnu~+nc~ io ~ht uswl sund~rd pc,licy form, ~r? a turtt ~pprov~d by tM MORiGAGEE. ~nd wind~tam
Naws~a in tM uswl ~tandad policy fam,, tn a sum ~pproved bY tM MORTGAGFE; M wch campany or campani~s as ~h~ MpRTGAGEE may
dinc~l ~nd ~II fih and w~ndsarm inwrana polic~es on aoy of said build~e~p~ ~ny inM?~st thtreir~ w pa?t tMr~of, tn ~M pprpat~ w~n ~fa~ssid a
In ~zass /hKwf, shall contain tb~ wwl st~odud m«~ga~ d~~ or such otlwr ctaus~ u tM Nto~ty~e~ may rpvin, nwkinp th~ loW w~dN said pol}
~~~~M~. P+Y+bI~ to ~+id MORTGAGEE a~ its iNCres1 may ~pp~ar. ~nd sach and ~vNy tuch poliey sMll b~ promplly ss~:yn~d and d~livt~ed to I
+ny Mld by s~W MORTGIIGEE a fwtha sec~?ity ro t~id ma.t9~pe debt. si+d. ~wt I~ss thae t~n q~ d~ys in advanea of tM expir~twn of Nch polity. ro dr ~
liwr to ~id MORfGAGEE ~ rMewat tMr~of. ropsthtr wirh a nwipt fw tht p?emiwn of wch rsnewslj and ther~ ~MII b~ no fin w wi~datorm inswu~t~
pl~ad on ~ny of wid bui~dinps, ~ny iet~r~st tMr~in or p~rl tM~eof. veles~ in tM form' and wi~h ri,~ ioss psy+bl~ ~s ~fw~s+idr a?d i~ rM ~vMt any wn+
of mo~Y beca+ws p+y+bl~ w~de~ wch policy or policies aid MORiGAGEE shsll tww tM option ro receiw s~d eppfy the sam~ on aaount o1 tM ir~b~~d-
+MSS wcw~d !».~by w a pi.rnit sa~d ?'7RTGAGORS ~o nceive u+d ~?ss it a any part thereof fw o~hc~ purposes, w~~hwt thxeo/ wai~;n~ w impa;r.
Irp ~ny pviry, li~n w ripht undsr w by virtw of this mortpape; H+d in tM ~v~e?t uid MORTGAGORS shall fa any reason fail ro keep tM s~id pr~n+ise~ w
h~swtd, or f~fl W deliver pramptty a~y of said policies of inswsnc+ to said MpRTGAGEE. a f~il promptly ro pay fully ~ny premi~xn tM~efw p in iny
nspact fail w pKforn~, dixhs~. ~:ecuq. ~ffect, complete. comply wirh a~d ab~d~ by this coven~ot, o~ any p~h hNaof, said MORTGAGEE may pl~ ~nd
par for wch tnw~anc~ or ~ny p~t thereof without w~lvinp w~ff~ctinq aey option, I1M, pui~y. or ripht u~der w by virtw of thi~ MwlQaQ~ and ~M
tvll amount of tacA ~nd wKy such paymN+t sMll b~ immedi~Mly dw ~nd p~ysbl~ and sh~ll be~r i~teres: from tM d~t~ thereof w?til paid ~1 tM rat~ ot
ni+w pK anwm p~ uwwm u+d togethe~ w~th wcA in~erast shall bs secvred by tM lien of this mwt9a~.
4. To pKmit, comnit or suifer no waat~, lmpa'ument ar detatiorsr'an of said propKty w ~ny p~?t thereof.
S. To pay all ~nd sinpular tFw.costs, char~es u~d expenses, includirg a reason~bte atror~+ey'~ fee and costs of absnacts of tids, ieKVn~d w paid at
any tim~ by said MORTGIIGEE, b~caus~ w in tha tvent of ths failurs on the part of th~ aid MORTGAGOR to duly, promptly ~nd fully perform, dischary~
•x~cuts. ~ff~d. comptet~, comply with and abide by ~ach and evrry the sYRxrlations, ag~eements, conditions, ~nd rownanq of asid promis~ory note and this
matyp~ uryr w ~i~Mr. arid taid oosy, c1~ar~ and ~xpeMes, esch ~nd every, shatl be immedi~tely dve and payable; whether w not tF,er~ be no~ice ds~
m~#, att~mpt to collect p svit perdirq; ~nd ths fuH srt~o~rnt of each ~nd every wch psyment sh~ll bear intereit from the date thereof until p~id a1 the
rate of nin~ per centum per ~nnum; ar~d ~II said cbsts, c~u~es ard expenses incur~ed or paid. together with avch inttrpl, shall bt setured by the lien of this
0. Y'1?~t j~) in tlw ewnt of any breach of this 1Nortgape or default on the part of the MORTGAGOR, or (b) in the evan~ ~ny of ~a~d sums of mor?~y
f+snin r~ferr~d ro be not prompny and fvlly p~id within thirty (30) daya next after the same sevaatly become dve snd payaWe, withovt dem~nd a ratice,
or W in the ~wrp each aed every the stipulatiorn, ~greements, conditions and coverw~n of s+~d promiuory note and lh;s mortg~ye any o~ either ar~ ~wl
~uly, prompdy u~d fully pe~formed, dischuped, execvted, effected. completed, compl~ed with and abided by, then in eitF~r or any tuch went tM s+id a~
p?~h wm mentaned in said promissory rqt~ then rsmainirg vnpaid, w;th interest atuucd, and all moneys secured herebY, shall becom~ dw and pay-
~bN fwthwith, a thereahar, ~t the option of said MORTGAGEE, u fvlly and compktely ~s if all of the said s~ms of money were wiyinally atipulated
ro b~ paid on such day, anythirg in said p~omiuwy note or in this Mortgsge to the conrrary notwirhstanding; and thereupon p thereifte~ et ihe opfion of
ssid MORTGAGEE, without no~;ce a demaod, wit at law w in equity. therefore or thereaher be8un, may be prosecvted u if all moneys sen?r~d hereby
h~d mahulcl p~ior to ib institution.
7. That in the event ~hat at the beg;nninp of or at s~y tinx pending aoy s~it upon thia hb.tgage, or to fweclose it, or to reform tt, or to enforp
payment of iny claims F~eunder, said N?pRTGAGEE shall ~ppfy to the Court having jurisd~ction thereof for the sppo~ntment of a Receiv~r, s~ch Couit shall
fwtFiwith ~ppoinf a receive~ of said mortg~gsd p~operty all and singvlst, includ~r?g all and singubr the income, pro(in, issues and revenues from whatever
toura derivad, each ~nd every of whith, it beu~Q expreuly understood, is hereby morrgaged as if specifically set forth and desuibed in the grantin9 and
Mbendum clawes hereof, snd suth Receiver shall have all the brwd a~d effective f~nctions and powen in anywiu ent?usted by ~ Co~?t to a Receiver, and
such appointment shall be made by such Cowt as an sdmitted equity and a matter of absotute right to seid MORTGAGEE, and without refe~ence ro the
~daq~aty a kwdequacy of the value of the property mortgaged or to the whrcncy or insolvency of ssid MORTGAGOR or the defendann, and that such
rMts, profin, intome, iuves and revenues shsll be applied by such Rcceiver accwdinq to the lie~ or equity of said MORTGAGEE and the pradiq of such
Court. ~
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8. To dvly, pranpNy and fuUy perform, discharge. executc, effect, complete. comply with and abide by each and every the stipulations, agreemenb, i
co~ditiom snd coven~nts in s,iid promiuory note and tF~is mortgage xt fdth.
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9. ?h~t in ths event the ownershi of the mort i
P 9~9~ P?~~~, o? any psrt thcreof, becomcs vested in a penon other than the JNORTGAGOR, tht
MORTGAGEE, i~s tuccessoti a~d auigns, may, w;thouf nor;ce to the MORTGAOR, deal with such succeuw w wccessor in interes~ with reference ro this
mOrtqag~ and tMe debt hereby secv~ed in the same manner as with Nb?tgaga without in any way vitiating a discharging the Mortgagprs' liabitiry hera
under or upon ths debt hereby sec~red. FIo sale of the premises hereby mo.tgaged and ra forbesrence on Ihe pan of the MORIGAGEE or ib tucc~sson
o? ~asigns ~nd no ea..nsion of the time fa tl+e payment of the aebt hereby securcd given by the MORTGAGEE w its successors w aui9ns, shall oper~te
ro rekase, diachar~, modify cha~ge or affecl the wiginal liability of the MORTGAGOR herein, eithc? in whole or in part. f
10. It h specifically agreed that time is of the esscnce of this contract ~nd thaf no waiver of anr oblig+tiqn 1x?e~rder or of the oWiyation se~ ~
tured her~by shall at any time rhereafter be Meld to be a wairer of rhe terms hereof w of fhe inslrwnent secvred herby, !
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I1. In add~tion to 1he fwego:ng monthly psymeMS of princ:pDl a~d i~terest required by the pjomissory e+ote secured hereby, wwrtgagor covenants ~
and aprees to pay to mortg+gee with each monthly payment an add~rionsl sum estimsted by mortgagee fo be equal to 1/12 of the annuai cost of the foilow- ;
i^9: !
A-All re~l property ts:es kvied or assessed against the above desvibed real estate.
6-Premivms on firc and windstorm i~surance as herein requ~red to be carried on the imp?overrKnts situate on the above described premiaes.
C-Premiwns on such mortgsge guaranty i~surance as mor~gagee shall from t~me to time deem fit to c~
Mortgagee shatl from time to time notify mortgagor in writ~ of the amovnt due ar+d m~ r~ ~~red hereby. ~
^9 paYable he?euraler and such wm shall thereupon be due snd
P+Y+~ ~ tFe due date of the next monthly payment and each successive month thereafter ~rtil mortgagee shall notify mortgagor of a change in such ~
a~nax~t. Such wms shall be applieJ by mortgagee toward the paymtnt of real property tsxes, insurance prem;ums, and mortga9e guarinty inwranct ~
e '
N WITNE55 WMEREOF, the said RTGAGpR hss Froreunto set his hand and seal the day ~ ar rsf s id
Siprte ~I~d • io aaect of: ~
~ n
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STATE OF fLORIDA ~
Sa~nt Lucis ~
courmr oF
~fpn ~ ~qy ~~a~~ Nils C. JorRenaen - ~ ~
. RQ@L@ 1. c+rRensen his wife, to me well knowrr. ~ rix ~
tM Individuds deacribed in a~d who execvted tht fw ~ k~'~
~eyoinQ instrument, and atknowledged betore me lhat thsy execut`e~,~~~n1e {or.,ths°pyrpps~
~h.?.~ .xp.es,ed. nnd rh. a.~ A r~ Ql s Tn r~~in 4 en ~ •
,~,~i~ ot ~M ..~d T`T i 1 a r` Tn C F~Bn q en ? -~a j
~aaminat~on b rn~ taken s~ VPa? L s~P~?!~O ~~!~uM
Y puu~ and apart from her sa;d husband. ~cknowlcdged to and befors me that sha executed:~id ' tr t fr' !
~urly and withovt unr tompuision, cons?raen?, _.v
+pprehension, w t~u of a fram her _ - -
WITNE55 my h~nd and offici~l s~al this ~
~2.~ day of 'sJ ''7, ~ 1V~~! t~ h~
_ i,~,~ _
pNp RECORDED~ MytaComm~ssion e~rea: the Star~-o'F FMf~• V~i~„ti-..
R~twn Ta F~LQ~ • T
w~~ F.d...~ s.~~. a~o.~, ~w«~atb„ T. l.UC1E COUNTY• FlA• • .
~ Of Faf P~erce. S F~E.CO~~'' V~~t~~~p ~ " M t~
~S~k.o( Hotid~ at LKQ~
l~sg~~ r Ewes Se~t. 23, t969
Fort Pierce. Florida ~O+~d ~r ~~c.• F.. a C,swlr~ Ce.
'68 JUI. Z3 ~ 10:51 .
This instrument prepared by
First Federal Sav. & lo~n Assn. ~
of Fort Pierce ;:~~;~c~. =~~cTR~s
By T. Dsiscoll CLERK C~RCUIT COURT
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{ a~oK172 P~~~251.4 ~ ~
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