HomeMy WebLinkAbout0143 7. To place and cor,tinuou~ly keep on the bu~:d~~gs now ar herrafte~ situate on s~~d tand and an aIt eqv~p,neN ar~d pe~sonally covered by lhis ma~g-
sgs, wirh all p~emivsit ~hereo~ pa:d ;n fuU, fire inswance ~n ~ne ~s~el s~andard pol~cy form, in a sum approved by the h10R~~:.GEE, and wmdstorm
insu~ance in the uiual sr~nda~d pol,cy fonn, in a wm approved by the MORiGAGEE, in tuch company or compan~es as th@ 610RTGAGEf may
d~recl; and all fire and w~ndsrorm inswance poiic~es on any oi sa~d bu;ld.ngs, any interest ~here~n or part thereof, in the aggr~gjee svm aforesaid or
in excess ~hrreof, sh~ll ;omain the uwal e~andard moregayee dause o~ such o+her cla„se as ~he Mortgagee may req~~re, r.~eM~ng the ioss ~nder sa~d poli-
cies, each and every, payabte to sa~d 610RiGAGEE as ~ts inirreat may appear, snd each and every such pu!~cV shall be proinptly ass gned a~~d detivered to
any held by sa~d A10RiGAGfE as further security ~o said niong,~ge debt, and, no~ less Ihan ten (10) days in advance oi ~he exp~ret~on oi eacn poi~cy, to dr
lrver to said MORTGAGEE a renewal thereof, toge~he~ with a rete~p~ for the p~emwm ot such renewal; and there sha;l b> r.o f:re or w~n~s~or~n insvrance
plxed on any af said bui!d~ngs, any interest the~ein or pa~t thereof, unless in the lorm and with the loss payab!e as afo~esaid; and in 1}~e evenl any sum
of money becomes payable under s~ch poliq or poGcies said MqRTGAGEE ~hall have the optio~ ~o receive and app!y the sa~ne on account of the i~debted-
ness secured hereby or to permit sa]d MORTGAGORS to receive and use it or any par~ rhe:eof tor o~n~~r pur~csrs. ..~~h.,:;r ~h .ti~~~~,i onp,.ir-
ing any equlty, lien or right undtr w by virtve of thls mo::gage; a~+d i~ the event sa~d MORTGAGORS shall ior any reason fai) to keep ~he sa~d p.em~ses so
insured, o~ fail to delive~ p~omptly any of said pol;ties of iowran~e to sa~d MORiGAGEE, or fai! promptly to pay fully any pr~m~~m therefor ar in any
resped fait to perform, d~scharge, eaecute, efiect, tomplete, comply with and abide by this covenani, or any part h:reof, sa~d MGRTL',AGEE may piace ana
pay for such insurante ot any parT thereof withoul waiving or af(ecting any option, lien, equ~ty, or r~ghi under or by virtue of ~his hlortgage, and the
full amount of each and e.ery s~ch paymeM sfialt be immediately due and payable and shalt bear iateresr fro,n Ihe date thereof until p„~d at the rate o1
n~ne per ceroum per annu~n and to~~•ther v.ith s~ch interest shali be srcured by Ihe lie~ of th~s mortgage. '
1. To permit, commit w su(fer no waste, impairment or deterioration oi said p~ope~ty or any part thereof.
S. To pay all and singular the costs, charges and expenses, includ~ng a reasona6le attorney's fee and cos+s of abstracts of t~tle, incurred o~ paid at
any time by said MORTGAGEE, because or ir. sF+~ event oi tbe fa~iure oo the pari of ihe said MORTGAGOR to du~y, pro~»prly and fully p~rform, discharge.
execute, efiec~, comptete, comply w~th and ab:de by each and every the stipulat~ons, aqreements, cond~tions, aad covenants of s~id pro~ri~>sory note and thls
~+wrgage any or e~~her, a~id sa:d costs, char9as and eapenses, each and every, shall be imm~~d~ately due and payable; whcrher o~ not ~here be not;ce ds
mand, arrempt ro tollect or suit pendng; and the full amouN of each and every wch paymero shall bea~ i~a<•rrst Erom the date thereof until paid at the
r~re of n~ne per centum Har ann,;:n; ~nd alI said tosts, charges and expenses irxurred or pa~d, logether w~th su.h inte~rst, shall be secured by the lien of th~i
mortgage.
6. That (a) in the event of a~y breath of fhis Mortgage or deFault on th~ part of the h50RTGAGOR, or ;b) ~n the event any of sa:d sums of money
herein referred to be not promptly and {utly pa~d within th,rty (30) days next aiter the sa,»e selera:ly beco:ne due and payabte, w~~ho~~ demand or notice,
or (c) in thr event each and every the stipu,atio~s, agreements, condirions and tovenants of sa.d promissory noi~~ and ~h,s mortgage any or e~tAer are no1
~uly, promptly and fulty perfor~ned, d.scharged, executed, eifected, tompleted, compl~ed with and ah~ded Sy, then in e~ther w any such event the sa~d ag
~ ;~h imve~t acuued. ~nd .~t1 rr~neys secured hereby, shalt txco~ne due and pay-
able forthwith, or rhereaf~er, at the opnon of said MORiGAGEE, as fuliy and completely as ii all of the s~~d wms o money wcre or~gma y s~pwa~e
to be pa~d on svch d~y, anything in sa.d prom~sswy note or in this Morigage to the contrary not~vithstand~ny; and fhereupon or the~eatter at the opt~on of
eaid MORTGAGEE, witt,out not~ce or demand, suit at law w in equity, therefore or theieafrer begun, may be prosecuted as if all monefs secured hereby
nad matured pnor to as inst~tunon.
7. That in the event that at tne beginning of or at any time pending any suit upon this Mo~tgage, or to ~oreclose it, or to reform it, or to er.force
payment of any ci~~ms he~eund=r, said htORTGAGEE shalt apply to the Court having ~urnd,ction thereof fer the a4po~» tmen~ of a Receiver, such Court shail
forthwith appo~m a receiver of ssid mortgaged prooerty all and sing~lar, indud~ng all and s~nguiar the income, pruLh, ~ssues and ieverweS (rom whatever
so~rce drrived, e~ch and every of wh.ch, it being expressly unde~sfood, is hereby mortgaged as if speuf~catty set forth and descr~b.~d in the granring ar.d
hibendum dauses hereof, and such Receiver shalf have all the broad and effective funtt,ons and pbwers in anyw~se emrusted by a Cou~t to a Reteiver, artd
s..ch appointme~u shall be made by svch Co~rt as an admitted equity and a matter of absolute riqht to said MORTGAGfE, and witho~t reference to Ihe
adequaq or inadeq~acy of the value of the property mortgaged or ro the soivency or inso:vency of said MORIGAGOR or fhe defendants, and that such
ren~s, profits, income, issues and revenues shall be applied by such Receiver accordmg to tFe lien or equity oi sa~d MORTGAGEE and the practice of such
COurt.
8. To duly, promptiy and fui~y perfo~m, discharge, execute, eifect, comptere, comply wirh and abide by each a~d every the st'eputalions, agreements,
tonditions and covenants ;n sa~d promissoty note and this martgage set forth_
9. That in the event the ownership of the mortgaged prem~ses, or any pari i:~e~e~f, ;;.:o:stes vested in a person other than the MORTGAGOR, the
MORTGAGEE, its s~tcessors and ass~gns, may, without notice to ine RnvRiv:+~R, deat wi!!e wch wccessor w successo+ in interest wirh reference fo this
mo~~gage and the ~eb~ nereby secured in the same manner as w~~h Rrortgagor w~tho~~ in any way vitlating or d~scharg~ng the t:lorrgagors' liability here-
under p upon the debt hereby secured. No sale of the premisea hereby mGrp~aged.and no forbearan~e on the pa~t oi tne MORTGAGEE or its successors
or assigns and no exrension ct rhe rime for rhe payment of fhe deb+ hereby secu:ed given by the MORTGAGE~ er its wccessors or assigns, ahall operate
to release, d~scharge, modify change w affect the original liab~fity of the NORTGAGOR herein, either in whole or in part.
10. It is speufica;iy ~greed that time is of the essence of this contract and that no waiver of any obt~gat~on hereunder or of the obligation se-
cured hereby shali at any time thareaf~er be hetd ro be a waiver of the terms hereof or of the inst~ument secwed herby.
IL In add:t:o:~ to the fo:ego'ng monfh!y paym~MS of p~inc~pal and inrerest requ~red by the prom'sscry no?e s:wred hereb~, mortgagor Covendnts
and agrees to pay ro mo-tgagee v~;th each mo~~hty pay~.,ent an add~rional sum est~mated by mortgagee to be eq~al ro 1~ 12 of t;~e annual cost of the follow-
ing:
A-A~! ral property taxas tevied or assessed agai•~st the above desuibed reai es~ate.
B-F~_ ::s on f:re and wiodsrortn inwracce as here~~ requ~red to be carried on the improvemeats situate on ti,e above d=-scribed premises.
C-Prem~,;~~ s oo svch morigsge gvaranty irwra..ce as matgagee shafl frorr t me to time deem fit to carry on the loan secured hereby.
Mo~tg~gee s~a' fiom t~~ne to time notify mortgagcr in writing of the amount d~e and payable hereundar and such su~n shail thereupon be due and
~.ayabfe on the c~ue date of rh~ next month;~ paymem and each wccessive month thereafter ur,til mongagee shal! not~fy mortgagor of a change in suth
a~*:ouM. Svch sum,s sFa.i be app!ied by mortgag?e toward the payment of real p~operty taxes, insurance prem;ums, a,~d mortgage guaranty insurance
premiums.
IN Y~ITNE55 Y.'HER~OF. ~he sa~d MORTGAGOR has hereunto set his hand and seai the day and year first a4oresaid.
Signed, $ea~ed and delivered in the presence of:
^ Seal)
' " _ Cl~,t~[~/
. - ~ , (Seal)
~ . ~ (Seal)
~
, . G`"~ ~Sean
ATE OF fLORIDA ~
COUNTY OF _ St• Lucie u
I
Befwe me penonally appeared H@IIYy W111~~5
and
Sallie Mae {Al~ll].dAS his wife, to me well known and known to me to be
the individuals described in and who eaecuted the foregang instrument, and atRnowtedged before me that they executed the same for the purposes
rherein expressed. And ti~e said Sallie Mae Williaais
w~fe of the said Henry Will 8SS upon a separate and private
examinat~on by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument.freely and voluo-
tarily and w~thout any compulsio~, constraint, apprehens:pn, or fear of or from her uid husband.
y X
WITNESS my hartd and official seal this '~7 day of_ .1SI113dr1? ~ w;¢ ~i ~q 7O
~w...~~~j~. TRc~_._.t'i.~.~% _ ' '
1 Motary Vublic in and for fhe Stjts~ of Fbrida ~t Lary~ '
Retum To: I~ ~ ~ My Commy~~+p~ ~~~es: ~ ~ ~ ~ ~ - - .
VR~
Fir:t Federal Savings 3 lo~an Associat~on F1LEUC,E ~oVNTYFFLA• - - :
Of Fo-r P erc_. t- f,
Fort Picrce, florida =-C^~t• , ~ -
lg~(8;"~1
JAt~ 5 ~ ~ ~ ' 25 J/
This Instrument Prepared By J. D.. Ch~?stdi~o t~~
First Federal Savings 8~ Loan Association
af Fort Pierce~ Florida G~-,c,=, i"U~ ?~•`S T
CI.ER~`. C1RCUIT COUR
Checked By -__L~_____
BOOK~~~ PAGf ~,~z
of
_ ~ x~ ;
_