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HomeMy WebLinkAbout1547 : : ' ~ 3. To plac~ and cootiawusly kNp on tM buildinps now a~ hw~~fiN Nw+t~ on s~id I~rd and on ~II equipn~nt and p~rton~lly cova~d by lhis mat~ ~p~, witi~ sti prtmi~na ti~erwn Wiei i~ fiuii. f'ua iniursr~ us tha usua! sta.~a:~ ~o!'st~t form. 1n s a+-~+? by tht MORiGAGEE, ~~+d windNam ir?swanc~ in tM uwal ~tu~da~d pol~cy fam, tn • w~n +Pprov~d by ~M MWtTGAGfE, in wch comp~ny a companiet a tl» MORTGAGEE n++y dincy and all tin ~nd wln~k~wm Mswaoa polki~s oe +ey of uid buildi~. any inhrNt th~rein or p+rt iMrwf, fn tM +gyre9ara wm afor~id a m axaa ~iNnoi, ~naii con~eia i~ u.u.t ?1MIW~N .::r::yay.e c:~ :e ar scx!s Mht! c1••M. ~~i~. Me.?g+nM r++~Y nq~~~. n+akl,.p tM lon ~nd~ s~id poll~ - c+p, ~ach and ~wry. psr+bl. a s+id MORiGAC3EE as in inar.sf n?~y app.ar. and each u~d ~wry a~d+ poticy ahall b~ prompNy ass:qn~d ~nd d~~ivered M a~y h~Id by ssid MORTCaAGEE a 4urthN secu~ity ro saW mortp+p~ debt. and, ^ot I~s~ th~n 1~n (l0) diys in +dvanu of tM ~xpiration of ~~ch policy. to dr E liwt ro~aW MORTGAGEE a noewa) thtrwf, top~thK with • rK~iut fw tM pnmiwn of wth rsn~walj u+d thtr~ ih+ll M ~o f'us _or wi~twm inwr~nu plaud on a~y of s+id Iwitdin~. ~ny intKast tMrNn or paN tM?~of, unle» in tfis fwm and with tM loss payabl~ a afonsaidJ and tn tM-~v~n~ ~ny wn? of mo~y ba~canN paysbl~ w+Ja wd+ po1M? a~ PdicNs safd MOftTGAGEE shsil haw th~ option ro nceive and ipply tM ssm~ on account of Me tad~bted~ ~u a~cwed hu~by a b permN wid MORTGAGORS ro wwiw ~nd us~ it or any put theteof fw otixr pu~poses, witiw~t thereb,r waivi,~ a impair- kg anY puity. IiM or rght und~r or by virtw of th~s matp+pQt +~d i^ tM ~r°^~ u'd MORTCsAGORS sh~ll fa ~sawn fail M keep tM s~id pr~mis~s so M~cw~d, w fatl to ddiw? promptly u~y of said polic+ss of i~aw~nu fo aa~d MORTGJIGEE, or f~it promplly to pay tulty ~ny premium t!?K~for o~ le any ryp~ct f~l to pKfam~ disch~ry~. ~:~cvta ~ff~ct. cor^P~et~. oanPh wi~l+ ar+d ~bid~ bY thh oov~naM, a any p~rt iw~wf, asid MORTGAGEE m~y pi~ ~r+d WY fa wch inwranc~ w~nr ps~f thenof withovt w~ivieg a~ff~etinp sny optan. ~i~n. ~+~hl. 4~ ^phf u~+dK o~ by virtw of this Matpa~. and tM full arnouot of ~+th ~nd twry wch paYee~H ~lall b~ inwrwdiat~y dua and py+bb and aball beu interest han tM dab theroof vntil paid t1w rat~ ol nin~ pK antum pK ~nnum +u?d toaelh~r with wch lntt~at shall be secured by the lien of tha morlp~a ~i. io pamit, cwrriw'i w i+:tt~r na v:ssss. ~.r.;.a;r.r.cni at Eslrr?ara!s;n of ~a?d ~c~~y oe anY ~ar~ +k?~of• S. To pay +Ii and si~pula th~ coNa. ch+r~s ~nd ~xP~rars. lncludinp a resaon~bb sttorr~y's fe~ ud cosn of ~bslr+cts of titl~. incuR~d o~ psW a~ ~ny tim~ by said N10RTGAGEE. !»ca~ or in ths ewnt of tM faikr.a o++ !F~ part of iM uid MORTGAGOR w duly. promptly u+d fvlly perfam, diuM~t ax~cut~. ~ffsa. oompkt~ oomply with and abid~ by uch and wa*Y the stiq,tations, pre~mse», ca+diti«a, ~nd oowr~oa of ~aid promiuory not~ and th4 monpap~ ~ny or eiU+K. and wid cost~. cMr~es +nd expu~ each snd wery. sMlt be immedistey dw ~nd payebtes whethe. w not tMn b~ notic~ dr m,and, anempt w edlatt w wit pendiny~ u+d th~ (ull amoum of exh and ewry such paYma+t shall besr f~terest from IM daN thereof w?til p~ld ~t tM rate of niM per c~+tum per amwm: ~nd di said costs. charp~s +nd ~xW^s~a inowr~d or paid. topetMr with s~xh inurest. ihail b~ s~wred by th~ ian of fha ~D+W~ b, ih~t (a) in tM wont of ~?y bnach of this-Mortya~ or d~fault on tM pan of the MORTGAGOR, o? (b) in tM went anr of ssid swro of mon~r tKwtn refe.r.d ro be oo~ ao~y a~d ~~y P.~d w~th~ rn~.~y (30) days nex~ ~fta the same severally beconw dw snd p+yabl~. withoui demand w notia. w W in tl+~ sve~t each ud every tFN stipvl~tions s~e~n~s. conditioro and covern~q o( sa~d pramisswy noro +nd thcs mony~pe any or eifhK ~r~ no1 ~~~Y. P~a^PNY ~~h W*fa~• ex~a?hd, effect~d, comPk»d, compli~d with and abicled by. th~n io ~itha or any such ~wnt tM said ap~ gregsM wen mentioeed tn seid promissory not~ tl+en r~ini^q unp+id. wiM imerest accrue~d. and ~II nwneys secwed hereby, shall beaon» dw and WY~ abb forthwith, or :1+Neafta. ~t th~ optian of said MORTGi?GEE. ~s fully and compt~~ely as if rll of the said wms of mon~y were wginally stiputated to be paid on such day. any?hinp tn said pran'asory note w ln this Morqpe w th~ contwry +atwithstandinp: snd therevpon or thcreafta ~t th~ option of said MORTGAGEE, wirhout notioe o. danand, wit ~t Isw or in puity, ther~fon w tl~eafter bpw~, maY be P~aecu~ed as if ~II ma~eys ~cw~d FarebY had m~tured prar to ~n insriturion. 7. That in ths ~ve~t that st the bepinninp of or ~t ~ny tirM psad'ug sny wN vpa+ this Mo.tgye, a w iaeclos~ it, w to r+fwm N, or to u+fo?c~ psyment oi aMr daims hawnder. said MORTGACsEE shsll appty to the Cam hrv&g jwisdicran thereoi fw fM eppointment of a Receiva. wd+ Gaw1 sh~ll fwthwith appoint s receiwr of said mat~ayeJ property ~II ~nd siegul~, lnd~d~np all snd ainp~lar the incon+e. profits, issues and rovenws fran whstewr sourp dtrired, each ~r?d svery of which, i1 beiig txpressly ~x~dsrstaod, is i+ereby mort9a9ed as if spetifitally s~t forth and dewibed in tlk ~rantinp aod hab~ndum cla~ses hsroof, and sucA Reuiwr shall have sll tlw bo~d snd effective ivnaian and powers in anywise entrwted by a Caxt ro a R~aiva, snd such appointment shall be mad~ by wch Gourf as an ~dmifted aq~rity +nd a matte~ of absotvre ripAt to saed MOitTGAGEE, and without ~rferenu to tl~ ~9~+~Y a inadeqwcy of the v~lue o! tl+e P~aP~Y ~9+~d or to the soNency or insotvency of s~id MOltiGAGOR or the defendants, ~nd th~t wd+ renta, profits, income, awes and ?sver?ues sh+ll b~ applied by wcl~ Receiver accordinp ro tlK lian or equiry of said MORTGAGEE uw~ the practic~ of such Co~rf. - 8. To dvly, prompNy and fvlly p~rform, discharp~, ex~cute, effect, oomplete. comply with and ab'Kk by exh and ewry th~ stipulatio~a apreements, coe?d'etio~s and toven+nts in said promissory nots and this mortys9e set forth. 9. ihat in ths evem the awnenhip of tl» mortysped premises, or any part th~reof, becanes vested in ~ penon othe~ tMn tFr MORTGAGOR, th~ MOR7GAGEE, ita wcceuors and +ss'g~s, m+Y, withoW notice ro the MORTGAOR, deat wirh such successor ot suaeuor in intecsit _with rofe.anoe ro this mort9apt and she debt heceby secured in th~ sams m~ma as with Mwt~apw without in aey way vitutirg or dischary~np the Mort~agon' liibifiry Fws- unde~ er vpon ~he debt her~by secu~ed. No sals of the premises Fxreby mortyaped and no forbearance on th~ p~r1 oi the MORTGAGEE or Its suooessas o~ auiara and no extension of the time for the paYmant of t1+~ debt heraby sennsd piven by the lNORTGAGEE w in successvrs or suiyra, sMll oper~h to rekase, dscharps, modify charge or affM tF+~ oriyi~al liability of the N10RYGAGOR hersin, eithK in whoie w in part. 10. It ii specificalhy agreed that time ~ of the essence of ttiis caNract u~d thst no waiver of sny obligatan Mreunder or of tM obliyatio~+ sa cund hareby sh~ll at any time ttxresfi~r be Mld w b~ a waiver of ths terms M.eof or of the i~atrument secured herby. 11. I~ add~tion to the fwego:ng ma+tF~ly psymenri of princ'pal and interest required by 1F?e {xomissory note secured hereby, morty~Qor covenants and a~rees ro pay to mortgagee with each mw~thly payment an addi+ional sum estfma~E~d by mortyagee ro be eqwt to 1/12 of the annual cost of the folbw- A-All real property tsxes levied w assessed against the above described real estate. ' B-Premiums a+ fire and windstwm inwrance as herein required to be carried on tix improvements sitwte on the above dewibed premises. C-Pranivms on such mortgage gwranty inwrance as mwt9agee shsll from t~me to Y~me deem fit to urry on the lou~ secured hereby. Mortgsgee sh.all from time to time notify mortgaQor in writing of the amount due and payabk hareunder and sud? wm shall therevpo~ be due ~nd i payabk on the duc date of the next moothly payme~t and each waessive month thcre~fler ur,til matyayee s}ull nolify mortgsgor of s chanqe in such amount. Such :ums shall be applied by mort~agee towud the payma+t of real prope~ty ta:es. insurance prem:ums, and mwt~sye quaranry i~wr+noe t promiums. . ! WITNESS WHEkE tMe ssid MORTGAGOR has hereuMO set his i»nd aod seal the d~y ~nd year fint aforesaid. ~ ~J'~~ fhe of: ~Q~ E W . ^ ~:"~'~1~.~. ~s.+~ - ~ • ~ ~ STATE OF FiARIDA S5. _ courrnr oF S't~ -_Lucie-- - - - eeto.~ n+e person+Ny app~snd gdUar H Ga*~r~~ - and Zy1Dha R. G aD~ns ha wife, ro me well known snd kiwwo w me +o b~ the in~riduab desaibed ie and who txewted the forsyoiop Instrt~nt, and acknowted~ed b~fore me tl?~t tMy srz~outad tM.~i+f~~~?'~ P~P~s ~ rr+erein .xp....ea. /u,d rh. ..id Z v1Dha R . C an~~ - . y~~' - , s r ~ . ..e:. ~ e :•"?~r~~!:~'! wif~ of the s~id M!d examination br mt takan separ~lt and apart han h~r said Mnb~nd, adcrowledped to and befon me that ~M uucutd~ . t~srQt,.~ ,trnd vokM~ =`a. - ~ rarily and withovt ury compulsion, cautrai~t, appreFw+nion, ~fear of or from ha said Fwsb+nd. ~•n ~ J ~S . _ ~ wrrNESS ney h.na .nd offiaa! ...t d,h - d,y of Marc - •~'~r_ p~?,~,~ - It'~ : . ~ - • - - . ~ - r'~: - _ s , Noury Publk Fn ~nd foc ai% ~ ~ rt~twn ta. FIl.ED Aa~~DE~~~;~'~``~ ~~~~``~~4; ,=_~';j.,- ~ R ~ -3:~' 4 . 1 ~ ~wu F.d~.,~ sa~ a~«+ ~..«~.rw~, ' S ~ LUCi~ CbUNTY, FLAj 'r":~ t~~-:;: E ~ Of Fort Pierce. - r;~1::^ \fC~":'~~~ / jp.~: ~ ~ .Fwt Pieroe. Fbrid~ ~,9~080 . : . . ~ ~~'i.~.s>...:.. . . ~ ~ . 7~ fr~~R I 6~.~ 9: 4 Z ' ~ - ~ ~ ~ This Instrument Prepared By John W. Collins ~j~q~ ~ Firat Federal Savings b loan Association : ~ of Fort Pierce~ Rlorida c~~~;K CifiCl,~1T COURT ~ ~ eh~ed ay~P ~ ~ ~I~~ P~ICf~~~ ~ 3. , , . ~ ~ ~ ~ - ~ ~ ~ 5.~ ~ ti. ~ . ~ . . ~ . . . . . _ _ ~ _ _ ~ ,,,n. ~