HomeMy WebLinkAbout1739 To pleq u~d continuously kt~p on tM bviidinQs f10W O~ MlNf~N ~ituaq on satd I~r~d and on ~II equipment ~nd pe~son~lly cov~red by tAis maf~
p~. with dl ptmiums tl?erta+ p~~d in fu16 fir~ insw~nc~ ie 1M ~rswl i~and+rd potity fum. in ~ avm apptoved by the MORTGAGEE. a~d wi~twm
i~swanp in tM uswl pindud pol3cy fam,, in a wm approwd by tM MOR~GAGEE, in s~rch canpany a comp~nies as tM MORTGAGEE may
dv~cti +nd all fin ~nd winduorm inswanc~ polki~s on aoy of said bvild~np~, any tn~e~~~t ~haein a p~n ~her~of, in !FK s99~ep~e~ ~um afa~s+id w
In oxcess ~hereof, shatl cont~in tM ~w+l it~ndud mort~a~ clavs~ w such othK claws ~s t1+~ Mw~pa~ m+y reqvu~. m+Mi++p the loss undN ssid.pol}
ciei. e+ch ~nd ev~rlr. p+Yabl~ to isid MORTGAGEE ~s ib in~eresl may ~pp~K. ~nd ~ach u+d tvaY such policy sMll b~ promptly us:9ned ~nd d~livKed to
•ny heW by said 1NORTGAGEE ss fw~Mr security to said mwtp+~~ debt, and, oot kss th~n tee (101 days in advsnce of the ~xpiration of each policy, ro d~-
IivN 1o taid MORTGAGEE a ranewal therwf, tope~F~er with a nteipt fot the ~tmivm of such renewal; snd ther~ thall b~ ra fire a wind~tam fnaurae~u
placed on ~ny of said buiidinps, any i~terest ther~in or put ti+erwf, u~ku i~ tlv form ~rd with 1M Iws pay+blQ as ~fweiaid; and in tM ~vcn1 a~y swn
of mon~y becanes payaWe w~de~ wch poi'~cy w policies said MORTGAGEE sh+ll haw ths optan to ~aceiw a~! apply the same on account of tM ind~b~ed~
nsss secured he.~by o~ te permSl said MORTGAGORS ro nctiw and us~ it or ~ny pat the~eoi fw othe~ purposei. wiihout Ih~eb/ waivi~~g o~ impair•
~np anY equity. lie~ ot ~igh1 wKier or by vir~w of this mortpap~: ~nd in ths twnt taid MORTGAGORS ~ha!1 fer sny reaion fsil to keep the a~d pr~mise~ so
insvred. or f~il to dtliver pranptly aoy of said polities of i~ur~~u ro qid MORTGAGEE. or fail promptly to pay fvlly ~ny premivm therefw w in anY
rsspect f~il to pKtw~n, dixharye, ~xetvts, ~ffect, campl~te. comp~y wi?b +~d ~bids bY this cove^+^t• a+^Y Pa'~.he~e°f, s+id MORTGAGEE may plsce and
paY fa such inwranc~ w any part thereof without w~ivinp a affMinp any option, li~n. equ~ty. a rght under a by virtw of this Morty~e. ~nd the
full amount of ~sch ir+d every s~ch paymant shall b~ irruriedi+telY dw u~d paY+bl~ ~nd sMll bea? intere~t from tM date thereof ~mil paid at tM ret~ oi
nin~ pa csntum pK anrwm and together with such interest ~hall be secu~ed by th~ li~n of thh mortps~e.
To pHmit, cammit or suffa no waste. imp+im?ent w dete?aratio~ of isid propa~ry or ~ny pa?t thereof.
5. To p+y ~II and singvla~ tM a7sn, charpes ~nd e:pN?s~s, includin~ s rsasauble anornay i fee and costi of sbsv~ts of title, incurred or patd ~t
any YurK by uid MORTGAGEE, b~cawe a in th~ w~+~t of ths f~iluro on ths put of ~M said MORTGAGOR ro duly, prompUy ~nd f~lly patorm, d~sch+.~
execute. ~ffact. complste. eomply with and ~btde by each and every the itipulat~au, aqreemenn. co~ditia+s, snd covensnts of said promiuwy rate and th:e
morty~e any o? either. and said costs, char~es and expenses. each +nd ~very. sh+ll be iminedi~tely due and payable: whether or not t1+e~~ bs notice dr
enand, anempt ro colkct or wit pend~np; uid tM fvll amovnt of each and eve~y wch Wrment iha~~ lx+? interest from tM date thereof vntil paid ~t the
rate of MrK per centum per amwm; a~d aH said costs, chsrgea ~nd expa:aes inaxred or Paid. ~opethsr w~~h wch intcr~sl, sh+ll b~ secured by ths lien of tha
mortpape. -
6. Thst (a) in th~ eveM of u~y breach of this Mwtyape or default on ths part of the MORTGAGOR, w(b) in the event sny of said sums of money
herein nferred to be nof promptly and fully p~id within thirty (30) days oext sfter the same severally become due and payabie, wi~hout dem~nd or eotiq,
or in the evr~t each and every the stiqrlatio~s, +gteeme~b, conditions and cove~ants of said promissory note and th~s mortqape any w either ~r~ nol
iufy, promptly and fu11Y performe~, d~ryed. execured, effected. oompkted, complied wi~h and ~bided by. theo in e~ther or any such ~wnt tM s+id p~
gregaM wm mentioned in ssid promiuory note then remainir.~ unpaid, with interest scuued. and all moe~eys setured hereby, sh~fl betome dw snd pay~
ab?e forthwith, w thereafte~, st the option of said MORTGAGEE, as fully and compktely as If •11 of the wid wms of money were w~pin~lly stipuuted
to be paid on wch day, anything i~ ssid prom+ssory note or in tha Nlortpage ro the contrary not.vithstanding: and thereupon w thereafter st the optio~ of
said MORTGAGEE, wir'hout notice a demand, wit at Isw w in equity, therefore or thereafte? begun, may be prosecuted u if all ~rwneys s~cured her~by
had mitured ptior to i1s institution. •
7. That in the event thst st tF?e begira~ing of or at any time pending any suit upon this Mortgage, o+ ro faeclose it, w to mform it, o? to enforo~
psyment of any claims hereuoder, sa:d NIORTGAGEE shall spply to ihe Court I+~ving ~~risdiction thereof fw the appointrtier~t of e Receiver, wch Cowt ihall
fathwith ~ppoint ~ receiver of said mortgaged property all and sinpvlar, inctudu+g sll and singular the income, profits, issves ~nd revenues from whstwer
saurce derived, each and every of which, it beinp expreasly understood, is hereby mo~tgaged as if sRecifically iet fath aod desuibed in the ~antinp and
haber+dum cla~ses hereof, snd such Receiver shall Mve •11 the brosd and effective functwns and powers in ~nywise entrvsted by s Court to • Receiver, ~nd
~uch appointment shalt be made by such Cou?t as sn admitted equity and s matter of absolute right to said MORTGAGEE, ~nd without reference ro tM
adequscy w insdequacy of the val~?e of the property mwtg~ged or to the so~vency w iosolvency of said MORTGAGOR or the drfenda~ts, ~nd that such
renn, profin, income, issues and revenues shall be sppl'~ed by such Receiver xcording to the lien a equity of said MORTGAGEE u+d the pr~.-tice of such
CouA.
8. To dvly, promptly and fully perform, d'ncF~a~e, execvte, effect, complete, oanply with and abide by esch and every the stipulatiau, ~yreem~nts,
cond~Yans and covcnann in w~d promissory not~ ~+d, this mortQage set iath.
9. That in ~hs evem the owne*ship of the mortga~ed prem~ses, or sny p+rt thereof, becaees vested in s person other tMn the NIORTGAGOR, th~
MQRTGAGEE, its successon and suigns, may, withoW notice to the MORTGAOR, deal wi~h such successo~ a successor in interdt with reference to tha
mortgsge and the debl hereby setured in fhe same man~er as with Mortgagor without in a~y way vitiatirg d dischsrg'my the Mortgsgors' liability her~
~nder or upon the debt hereby sewred. No ssle of the premises hereby mwtgaged and no fwbearanoe on the pan of the MORTGAGEE or iri waessors
w asxigns and no extension of the time fw the p~yrn~nt of the debt hereby secu~ed given by the MORTGAGEf or in ~ucceuors w ass~gns, ahall op~rate
ro reicase, d~scMrge, mod~fy change or sffect the origlnal lisb~lity oi the MORTGAGOR herein, either in whde or in part.
10. It is specifically agreed that time is of the essence of this contrad and that no w+iver of any obl'g~tion herounder or of ths oblipation se-
cured hereby shall at any time thereafler be held to be a waiver of the terms herooi w of the instrumeM sewred herby.
11. In add:tion to the forego:ng montNy payments of print p~l snd inter~st required by 1he promisso?y oote setured Fxreby, morsgagor covenanb
and agrees to pay to mortgsgee with eath mwdhly payment an sddirionsl sum estimaled by mwtgsgee to be equsl to 1/12 of the annual cast of the idlow-
7ng: - .
-A-AtI real property taxes kvied or sssesxd against the above desaibed resl estate. "
B-Premiums on fire and windstorm inswante as herein requ:red to be qrr'~ed on the improvertK~ri sit~ate oe the above desuibed pretn'ises.
C-Premiurrei on such mort9age 9uaranty insursnce ss mortgsgee shall from t~me to time ~deem fit to cury on the ban secured hereby.
~ Mortgsgee shall from time to time notify mortgagor in writing of t{x smount due and payable hereunder and such sum shall thereupon be due and
; rayabk on the due date of the next rta++thly payment and each svcceuive month theresher until mortgagee shal) notify mortqagor of s charge in such
€ amount. Such sums sh.all be applied by mortgagee toward the payment of resl property taxes, iruurance prem:ums, snd mortgsye guar~nty inwrance
~ premiums. '
~ IN WITNESS WNFREOF, the said N10RTGAGOR has hereunto set his hind and seal the day and yrar first ~foresaid-
Sg Sealed and iver in Me presence of:
~
• 4 .
. ~Q
- ~0
j .
~ STATE OF FIORIDA
ST . L~JC IB ~ ~
cour~n oF .
~f~e ~ ~ Claude H. Cosbs ~
s
his wxe, to me ,~,en k~, .na knovvn to me to b.
the i~dividwls desvibed io and who ~xewted tM foresoiny instrum~nt, and ~ckrawtedped before me tF~at tF~ey e:earted the wms for tM purposes
Loufse L. Coabs
rherein ~xp.essed. Md tl,e sa'
wife o4 ths said itl ~ H. CO~i ~p~ a sep~rat~ ~nd priv~»
examination br me taken ~cparate and ~part from her said huaband, acknoMrledged M and befwt m~ that she executed s~id instrument heely ~nd volwr
tsrily and witho~?t a~r compufsion, constraint, ~ppreF~emion, or fear of or from her ~aid husbar ~~e= 69
WRNESS my hand and official seal thit dsy of A. D. 19
ary Public in ~nd fw tM State of florida at Larp~
~ - . My Comnission ~xpir~u .
Retum Ta ~ NOT1W'l lUSUC~ 3TATE OF FLORIDA AT 1~4E
Fust fcdenl Ssvings a loan As~ociat'an 2` .:`•1~~%, MY Ct3MMISSION D(PIRES SEPT. 23. 1973
eoMO~ n~ ~ o~re~ '
Of Fort P~erce. ~i, ~
Fon Pierce, floride : _
• ~ ' ' ' t'-~`~ ~ FILEO AND RECORDEa !
= : ~r: f .
• t- ST. LUCIE COUNTY. FIA. i
n VFR!Ft~D
i~;~ r~;,, • ~ :i= CQR. !
This Instrument Prepared By J. D. Clias'taf~, . ~ 1g459'7 `
First Federal Savings ~ Loan Association %
j'~. s .o, • " - ~ ~O • 3 Z
- ' - of Fort Pierce,, Rlorida •=a'~9 QCj 22 '
~s~~+~;~~ ~~f~~
~ ' *J''•. `z
Checked By . .
" ~~0 ;r? rOC~~AO RT
0 R+~ QO ~~~~t~ CLERK CSRCUIT C
800K 1V ~
~ C~
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' > ~ ~ - " - -~-4~ _
~ Y.~
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