HomeMy WebLinkAbout0540 , • t
~ -
3. To plact ~nd continuovily kNp on tM buil~ieqs now a hKeaha sitv~t~ on uid ~and ~ew! on all eq~tpm~~t ~nd pKSOr?ally cow?ed by thb nwrtp~
with all pr~mivms thsreoe p~~d In full, fi?e insur~nc~ in th~ uswl stand~rd policy form,, in • wm app~oved by tM MORTWIGEE. ~od wind~wrm
in~uranc~ in tM uiwl ~undard policy fwm, lo a~um ~pprov~d by tM N10RTQAGEE, in wch company w compsnies ~s th~ AhORTGAGEE nNy
dinctt and all fk~ ~nd wi~tam ienwa~+u polkis~ on any of said buildirps, any hfenst t1+K~ln a put tl+~rwf, in tM ap~rp~t~ wm ator~sak! a
In exaa~ tiw~wf, sMil cont~in tM uswl standard moNpspN claus~ w such otMr d~uw a tM Morqag~~ m+y rpuk~. m+kinp tM loas w~dN said pol}
da, tad~ ~nd ~wry, p+yabl~ to said MORTC3AGEE as its iMerest m~y ~pAtar, and ~ach ~nd ~very such policy shall b~ promptly sss:gn~d ~nd deliwnd to
aey Mld by s~id MORTGAGEE a~ furthN s~eu~ity to saM matps~ deW, ae~i, not ba ~h~n ~eo (10) days In advanu of tM ~xpiwtion of s~ch pol'~ey, ~o dr
liwr ro said MORTGAGEE a r~w~l thaeof, topetl+K with a reuip~ for tM p?anium of wch nnewalJ and tMh sMl1 b~ no fir~ or wind~t«m inwranu
plaad on any of s~id buildinps, any inta~sl tF~~i~ or p+rt tMreof, unl~u i~ tM twm u~d with tM 1as pay~bl~ u afw~s~idj +nd in tM ~vtnt ~ny wm
of nwn~y becomss p~yable ur?der sucA policy or policies said MORTGAGEE ihall Mw the optan ro reaive and ~pply tM wn~ on acca?nt of tM iodebtad~
n~tt s~tvnd h~r~by w b permM s~id MORTGAGORS to rtceivs u+d u~ h or any put lhereof fa ott~e? purposes, wilhout thareb/ waivi~g or impair-
inp any p~ity, li~n or ~ght uods~ or by virtw of thb mortp~= and in tM ~wot ~aid MORTGAGORS sl~all fw ~ny ?ea~oo fail a keep the saW pr«ntaes so
tr?sund, o~ fall to deliver p~ony>tly ~ny of aid policies of iraursnc~ to ~aid JNORTGAGEE, a fail promptly to pay fvtly ~ny premium tM~efot w in any
r~spM f~ll b pNforn~, discharye, execute, ~ffect, comphts, comply with and abid~ by this cownant, or any p~~t he~wf, said MORTGAGEE may pl~u sr+d
paY fa wch k~ewanc~ or ~y put tMraof without w~ivinp o? ~ff~ctinp any option, IiM, equity. w ight undK or by virtw of this Nbn9~, and the
full amount of ~ach w~d ~wry wch p~yment shall b~ im~wdiat~ly dw and ~yel~ and sMl! besr interest from th~ dat~ thereof until paid at tM at~ of
nirr ps? antum pu arwwm a~d toyether wifh such int~rest ihall bs secv~~d by tM li~n of this mat~spe.
I. To p~rmit. aonunit or wff~r no wast~ impairment or dttaiowtion of ~aid properry ot any put therwf.
5. To pay sll ~nd sinpular ths costs, ch~~ss ~nd exptnse~, includinp s reawnabls attomey's fee ~nd aosb of ~bstr~cts of titl~. incvrred o~ psid ~t
~ny tims by said MORTrsAGEE, becsuse a in the event of tM iailwe on tl~e pxt of ths said MORTGAGOR to cl~ly, promptly and tully pKfwm, d'aclurgR
execuf~, effaet, oompkte, aomply with and sbide by ~ach u+d every the stipulatio~s, apreements, cw~ditioes, and aownants of said pramiisory no1~ u+d thb
muty~e amr w athN. Md said oosn, thuya and experoes, ~xl? and ewry, shall M inuned'utely dw and pay~blr, whether or not tl+ere bs notice ds
maod, anempt ro coll~ct o? wit pendinyj and tM fvll snauot of sich ~nd evKy wd~ psymtnt tMll beu interett from ~Fw dat~ tMreof until paW a~ th~
rate of nine per centum per snnum; and dl said msn, cM~pes and expe~nes incvrred or paid, topethsr with wch inMreat, stNll bs t~cured by tM lien of thu
^artQ+O~•
b. 7lwt in the event of any breach of Mds Mortya~ or d~fwlt oe ih~ part of ths 1NORTGAGOR, or (b) i~ ths ~wM a~y of said sums of nwe~y
heroin nfernd to b~ not prompNy u~d fully paid within thuty (30) days next aita the sams wve~slly becan~ dw ~nd payablt. without dem~nd a notice.
or in th~ wero eath and evay the stipulstions, agreeme~ts, conditions and coven~nn of said ~omiuwy note and this mortyay~ a~y a either aro nol
iuty, promptlp and fully perfwmed, discharged, executed, effected. completed, complied with and abided by, then in eithtr or any such ~wnt the aid a~
yrey~t~ wm rtientioned in said promissory note then remaieinp ~npaid, with inrerest ~cvued, uw1 all monsys setured hereby. sMll beoom~ dw ~nd pay~
ab~e forthwith, or thereaftm, at the option of said MORTGACaEE, u futly and completely u if all of the said wms of money we~e aipinally stipvlated
to be paid on such day, anything in said promiuwy note w in thts Nlort~~e to ths contr~ry nolwithsunding; and thereupon or thetesftei st the option of
uid MORTGAGEE, without ratKe w demand, suit at law or in equity, therefore or thereafter bepun, m~y be prosecuted as if dl ma~eys securad hereby
had matured prior to its instit~tion.
7. Th~t in ths event that at the beginning of or at any time pendinp any wit upon this Mortgage, w to foreclose it, or to reform i~, o? to enfo~p
payment of any daims hereunde?, said MORTGAGEE shall apply to the CouA havirg 'ryrisdiction thereof fw the appointrtKnt of s Receivn, such Carrt shall
FarthwiM ~ppoint a?eteiver of said mwtgsged properfy all ~nd singular, inciud~ng all and sirg~lu tF+e income, profits, iuues and revenues from whateve?
wurce darived, each and every of whith, it beinp expreuly underitood, is hereby mortgaged as if spetifically xt forth and described in the yrantir?y and
habendum clawes hereof, srd wd~ Receiver ihatl have all the broad and effective fvnctlwis and powers in anywise entrwted by a Co~n to a Receiver, and
such appointment ~sll be made by such Coun as an admitted equity and s matter of absdvte rigAt to said N10RTGAGEE, and withoul refereoce to the
adequsty a insdequacy of the wlue of the properry mortp~ged or fo the wMency w insolvency of ~aid MORTGAGOR or the defend+nts, and that such
rents, profib, incort~e, issves aod revenues thall bs applied by such Receiver sccordinp to the lien or equity of said MORTGAGEE and the pracrice of such
Coutt.
8. To duly, promptly and fuly perform, diuharge, execute, effect, compkte, comply with and abide by e~d~ sod ewry ths st~lations, ~prcemenb,
conditions ~nd mve~ants in said promissory note and this mortgage set forth.
9. That in the event the owncnhip of the mortgaged premises, or any pan thereof, becomes vested in a persoo other thsn the MORTGAGOR, ths
MORTGAGEE, Hs sucuuors snd euigns, may, without notice to the MORTGAOR, deal with such successa a successor in interest with reference to this
mortyape ~nd the dcbl lxreby setured in the same manner ss with Mortysgw withoul in any wsy vitiatirg or discharging the Mortgsgors' liability hert
unde~ w ~pon the debt F~ereby secvred. No sale of the premixs hereby mortgaged and no fwbearance on the p~rt of the MORTGAGEE o? iri wccesson
or auigrn and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or in successors or auigns, shsll operate
to releue, discharpe, modify change w affect the wiginal Iiab~Gty of the MORiGAGOR herein, either in whole w in p~rt.
10. It is spetifically agreed that time is of the essence of fhis contract and that no waiver of sny obligaYan hereunder w of 1M oblipation sa
a,red hereby shatl at ~ny time thereafter be held to be a waiver of the terms hereof, or of the instrument sewred herby.
11. In addition to fhe forego:ng rtanthly paymenis of print'psl and interest required by the promiuory ~ote setured hereby, mortgagor covenants
and sgrees to pay to mortgapee with each monthly payrncnt an additional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow-
ing:
A-All real property taxes kvied w assessed against t~e above desaibed real esute.
B-Premiums on fire and windstwm inswance as herein requ'aed to be carried on the improvements :ituate on the above desaibed premites.
C-Premi~m: on such mortgage guaranty insurance as mortgsgee shall from time to time deem fit to urry on the loan secured he~eby.
Mortgsgee shatl from time ro time notify mwtgsgor in writing of tM amoum due and payable herevnder and such sum shall thereupo~ be due and
payaWe on the due date of the r~ext monthly paymeM and each wccessive momh thereafter urtil mortgagee shall notify mortgago? of a cF~ange in such
, amount. Suth sums shall be apptied by mwtgsgee foward the payment of reaf property faxet, insurance prem:ums, and mortgage guaranry inwr~nte
premiums.
IN WITNESS EREOF, said RTGAGOR has hereunto set his hsnd and seal the day and year first eforesaid.
, a i preaenoe of:
~i ~a~~ L t a f`4 hlS O(~ ~sa~
I ~
i n
n
STATE OF FLORIDA ~
courm oF ST. LUCIE . fi
eefae me perwrwlly appeared G@OYga C. Johnson ~
snd ~
Idl11@Z Johnson his wife, to me well known and known to me to be i
the individwb described in and wFa exec~ted the forqpirg instnirtwnt, and ecknowledged before me tFWt tF~ey e:ecuted the same for the p~xposes ~
therein e~cpresud. Md the u~ Ideller JOhDSOA
wife of tM wid - ~Olt~e C. Johnson .~~ate and priv~t~
examinaYan by me taken sep~rate and apsN from he~ said husband, adcnowledged to and before rrK that she executed said instrument freely and wluo-
~ tarily and witho~t any compulsion, constraint, appreFronsion, _ u of or from Ircr said husband, •
~ WITNESS my Mnd and offkial seal th' da tOb ,~a~0~~~~,68
.
s - t~ t~t.. i j' 7
r
sry Publit in sod for the St~te of florlda,~i1 Larps ~
Return Ta p MY Commiuion ~xp'kes: i
Eo aNO R~c,~ ~ ; -
F~rst Federal 5~~~~: a~oan o~soc~a~+dA. U~~E ~OUN Y• ' '
Of Fort Pc~.u. 5?. l. `?E R;FIED -
Fort akrce. Fbrids R~ C~~~~A MOTARY PUBLIC, STATE of FL.ORIDA ~t ~
~ !GI 11Y COMMISSIOM D(PIRES N " v
OV. 29. 1968 ~ ~
' oOND[D THROYOH FRED W. ~ ~ ~ • ~ `
This instrument prepa~r ~ ZB ~ • • DIE~Ey~~~ y .
•
First Federal Sav. & loan7l~sn.
~of Fort Pierce ~
B John k~. Collins f~OGF R ~OITRAS i
y RK CIRCUIT COURT'
$OOK ~f e~~ ~ ~
_ ~ ~ ~
_ - - -