HomeMy WebLinkAbout1327 ~ ~ t , . 4 ~ . 7 r.
3. To plsc~ and cantirwo~rsly kNp on tM buildiops now a MnaftK ~it~~t~ on taid lu~d ~nd on ~II puipnKet u~d ptrip?ally tov~~~d by thia mot1~
sg~, with ~il premi~mi the~son pa~d in full, f1n i~uuranu u+ the uswl sqndud poli~y fwm, in a sum approved by th~ MORTGAGEE, and windstwm
inwr~nct te~ tM uswl sra~dard poliq fam, tn • sum approved by ~M MORTGAGEE, in tuch company a companies ai tM MORTGAGEE may (
d~rec~j ~nd ~II fire ~nd windsrorm iniwu+c~ policies a+ +ny of said buildinps, any int~nst tF~ein w pan tMreof, in IM ygrep+t~ sum ~fores+id or f
In ~xcess tl~creof, shall co~tain tM uswl sfa~ard martpa9e~ cis~ns w such orhtr c~ava as fM MortQay~e may reQv'u~, makinp tM loss und~+ said po1F {
cies, each and every, psyabl~ ro said MORTGAGEE ss its interctt may ~pp~ar, and tsth end evay s~rch policy ahall be promptly asa:yned and delivered to
any held by said MORTGAGEE ss fur~ha security to said mort~a9~ debt, arxi, not leu th~n t~n (101 days in advance oi tM expiration of each policy. to dr
I~ver ro~id MORTGAGEE a renewal tMasof, topethN wiih a receipt fw ths pr~mium of wch renewalj and the~~ ihsll b~ no f'ue or windsrorm iniur~nc~
placed on any of ssid buildinpi, any i~te~sst therein or put thereof, unleu in the form and with the lou paysble ss sfwesaidt ~nd ie the ~vent a~y sum
of nwn~y becemes payabk under such policy w policies said MORTGAGfE shall haw ths option ro receive and apply t}~e same on account of ths Indebted-
ness sacured FN+aby p~ 1p petmit s~id MQRTGAGORS fo rKeiw ~nd use it p any pa~t thereof iw other purposes, without the~eb~ waivi~ig w unpai~-
~ng u+y pviry, lien or ri9ht under or by vi~tue of this mortqaysj and in t}+~ event said MORTGAGORS sMll fw ~ny reason tail to keep fhe ~aid p~emises s{~
~nsured, w fail to deliver promptly any of aaid polic;es of insurance ~o said MORTGAGEE, a tail promptly to pay fully any premium the~efw w in sny
re~p~ct fail to pKform, discharge, executs, ~ffact, complete, comply with and abide by rovenaN, a ~ny parl hsreof, ssid MORTGAGEE may pl~ and
pay fq iuch inwranc~ a ~ny pan thereof without w~iving or affxtinp any option, lien, equity, o~ right unde? w by virtw of this Mwtpape, and the
full amount of each uid ~wry wch paymeot shall bt imme:liately dw and payabk ~nd shall bea~ interest from tM dste thereot until paid at th~ ra?~ ol
~~ne pa tentum per annum and to~elher with ~uch i~terest :hali be securcd by ti+e li~n ot tnis mortg~ye.
1. To permit. commit a wffer no wait~, impairment w dete~aration of said properry or a~y part thereof.
5. To pay •It and sirgvla~ the costs, charges u~d expsr+se~, includinp a reaw~able attorney i fee ~nd cosb of abstr~cts of tiNe, incvrred w Faid at
any time by said NIORiGAGEE, because w i~ the event of ths failure on ~he pan of th~ taid MORTGAGOR ~o duly, promptly snd fully perform, d~icl?uye,
execute, eifect, oom ete, 1 with and abid~ b each ~nd eve the sti tatiau, ;
P~ ~P Y Y ~Y Pu +preements, conditia+s, and cnve~an?s of said promiuory no?e and thii
rortgaye sny w e;ther, and said cosri, charges and expenses, each and every. shsll be immediately due and payable; whether or not thera be notice ds i
mand, attcmpt to collect or tuit pendi~g; ~nd the full artau~t of each and evMy wch paymeM shall bear interest from the data thereof until p~id at the
rare of nine pe~ ceNUm per annurn; and alt said cost:, charges and expenus incur~ed w p~;d, together w~th such iroerest, shall bs secured by the lien of thN ~
^wrt9~pe•
6. Th~t in the event of ar?y breach of this Mort9ay~ or default on the part of the MORTGAGpR, or (b) in tF+e eve~+t any of aid sums of mo~ey
herein rcfer~ed to be not pranptly and futly paid within thirty (30) days next afte~ the same severa!!y become due and payable, wi~hout dema~d or notite,
or in the event each and every the stipulations, sgraemenn, conditions a~d coven~nts of said p~omissory note snd th~s mortgage any or e~ther ~re nol
~uly, promptly and fully perfwmed, diuhsrged, executed, effected. ewnpkted, canplied with and abided by. lhen i~ either w any s~ch tvent ths ~aid ap~ k
greqate wm menr'qned in said promiuwy nore then remaining unpaid, with interest sctrued, and alI moneys setured hereby, shall bccpme dw and pay~ ~
able fwthwitly or thereafter, at the option of said MORTGAGEE, as fully and complately es if all of the said wms of money were origin~lly stipulated
to be paid on suth day, anyfhing in said promiuory ~ote or in fhis Mortyage to the cont,ary notw;fhstsnding; and thereupon w thereafte~ al the option of
said MORTGAGEE, without notice or demand, suit at law ot in eqvity, therefore Or thereaher begun, may be prosecuted as if ~II moneys setured hereby
had maturotl pnOr to its inatitvtion.
7. That in the event that at the beginning of or at any time pending any wit upu.z :his Mortgage, or to foretlose it, or fo ~efdm It, or to enforc~ ~j
payment of any claims hcreunder, said MORTGAGEE shall apply to the Court having jvrisdictwn thereof for the appointment of a Receiver, such GouN sh~U ~
forthwith sppoiM a receive~ of said mortgagtd prpQerty all and sinyular, includmg a:l and sing~ls~ the intome, profits, iuues and revenues irom whatever
source derived, each and erery of which, if beinp expreuly understood, is hereby mwtgaged as if spec~lically set fath and described in the yranting and
hebendum clauses hereof, and such Receiver shall Mve all the broad ared effective funcnons and powers in anywise er~trusted by a Cou~t to i Receiver, and
svch appointment shall be made by such Goun as an admitted equity and a matter of absolute r~ght to said MORTGAGEE, ~nd without reference to the
edequscy w inad?quacy of the vatue of the property mo.tgaged or to the sowency or ~nsolvency of sa~d MORiGAGOR or the defendann, and thal ~uch
rents, profits, income, iu~es and revenues shall bs spplied by such ReceivH accord~ng to the lien or equity of said MORiGAGEE and the pradite of such
CovM.
8. To duty, promptly and fvlly perfam, discharge, execute, effect, mmplete, comply with ~nd abide by each and every the stipulations, ~greement:,
conditions and covenants in said proenissory ~ote and th;s mortgage set for~h.
9. That in the evem the ownership of the mortgaged premises, or any part thereof, becomes vested in a pe.ton othe~ thsn the MORTGAGOR, the
1~10RTGAGEE, in auccesso~s arxl assigns, msy, without notice to tFx ~~10RTGAOR, deal with such succcuor a successw in intcrest with reference to this
mortgoge and tfie debl hereby secvred in the same mannor as with Mortgagor without in any way vitiating or dischargirg the Mortgagors' liability herr
under or ~pon the debt hereby secvred. No sale of the premists hereby mwtgaged and rw forbea~ance o~ the pan of !he MORTGAGEE w ita successors
or assigns snd no exte~sion of the time fw the payment of the debt hereby secured given by the MORTGAGEf or its iuccessws or auigns, shall operat~ ~
ro reteax, d~schar e, modif cha +
g y nge or affect the wig~nal IiabiGty of the MORTGAGOR herein, eitF~er in whote o? in psrt. ~
10. It is speufically agreed that timr is of the euence of this contracr and that no waiver of any obligation herevnder p of the obligation sr
cured hereby shall at any time thereafter be held to be a waiver of the terms lureof or of the instrument secured herby. ~
11. In addaion ro the fwego'ng monthly paymrnts of princ:pal and i~rercst requ~red by the prom~ssory nore secured hereby, mortgagor covenants
and a~rees to pay to mo:tgagee with each monthly payment an addirional sum est~mated by mortgagee to be equat to i/12 of the annuat tost of the foltow-
ing:
A-All real property taxes levied or a:sessed against thc above dexribed real estate.
B-Prem~ums on fire and windstorm inwrance as herein requ;red to be ca.ried on the improvements situate on the above described premises. ~
C-Premiums on such mortgage guaranty insurar,ce as mortgaget shal~ from' t;me to time deem fit to csrry an the loso securld hereby. ~
Mwtgagee shafl from rime to rime notify mortqagor in writing of the amairtt due and payable ixreunder aru! such sum ahall thcYeupon be due snd
Fayable on the due date of the next monthly payment and each successive month thereafter ur,ti~ mortgagee shall notify mortgagw of s cha~ge in such I
amount. Such sums sha(1 be applied by mortgagee toward fhe payment of reat property tsxes, inwrance prem:ums, ~nd mortgaye guaranty inwrance
premiums_
IN WI SS WHE OF, the said GAGOR has hereunto set his hand ai?d ual the day and yesr first aforesaid_
aled a prese~ce of:
FIIED AND RECORDED ~ . ~ - '
ST. LUC~£ COUNTY. FLa.
, ••n~n 1~Ff?4~i^ %
i l;' „ . ~~n
i'799Z3 ~ n
~S ~ ~~a~ 2? AM 11: 01 s~n
SiATE OF FLORIDA ~
couNnr oF St . Luc ie
Before me ~
penonally appeared M11'1 M. ~ t' t
ind
r~~ ~ R~` C( C iAs~iie, to me well known ~nd known to me to be
the ind~vidualy described in and who executed the fore9oi~y inst~ument, ~nd adcnowledged before me lhat~
~ executed the same for the pvrposes
~hereen eapested. .Awi ~Fi~ S II@
-,~ife~o~F ~F~e ~ssid- ~i? ~ ~~r+~ ~ ~r+wM ~
ex~wiMwow-b~+~+e~a4~?-ie~sreb..aw~aM.l.fr~w~irr-wii~~sl~awd,-a~knowlergedao.ard.b~for~~rJhrt-tM~ase~Nedsaid.iostr~asottcwly~a~votva '
r~rilyr ~-will~wrl. ~nY ~owsMaiwtr +PP~el+ensioR -o feu- sf~e~ ~4wiw ~wrsaii IN~b~wdr '
WITNESS my hand and officiil seal thi day of .T~1e A. O. 19~2~
f
Nwary Public in ~nd fp the Stat~ of floride ~t l~r~e ~
My Gommiss'pn atpires:
,`<<,
Retum Ta. ~ ~ ~ c ~ ~ • : : , Notary ?a6~e. S~Jf! 0~ f~Ofjdi ~ ~II~
fint Fedenl Ssvings b loae Auociation .
~
Of Fort P7erce. . . - ..~r ~,~ysio• E~ir~es . 1969
fort Pierce. Flwids - - f~LE~ry ~O-
~ ST. LUCIE COUNTY: F~~
' ~ ~ ~ ~ECORD VERfFiEO
This Instrument Prepared By ' : . , " ~ '-~-~9445
First Federal Savings b Loan Association ~ ` s69 ~~N t3 ~'O ' S1 i
of Fort Pierce ~ ~i
Checked By R . ttaves ~ . / `
/ R~;~ ~OITftAS '
• ~ CLERK CIRCUIT COURT~
g~~ ~78 ~13~~ o R ~
{ eooK 178 P~~F 499 ~ f
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