HomeMy WebLinkAbout0194 3. To p~ac~ and continu6usly ke~p o~ th~ buitdingf now w h~reaft~r iituat~ on sa~d I~nd ~nd on ell equiprnent and personally covar~d by 1hi~ mort9- ~
afl~, wi~h •II promiums therenn pa~d in (ull, iirc insu~ancs m 1hs uiual •underd pol~ty torm, in • sum approved by Ihe MOR~GAGEE, end windNOrm
in~urance in tM utwl ~~enda~d poGcy iorm, in ~ wm approved by ~he MORiGAGEE, io ~~ch -company or comF;anies at 1he MORTuAGEE may
dir~tt; ~nd all (i~e and windsto~m insuronce poliue~ on +nY of said build~~+y~, any intere~l Iherein or part thcrcol, in the ~gg~eg~~e sum ~faesaid w
In extest Ihereof, fhall cw+tai~ the uswl sunderd mortgage~ dausa o! such other clauae ai ~M Mo~tyagee may req~~re, maAinp the Icss under idld PO~M
cies, eatA and evcry, payabte to said MORTGAGEE ~t ~b irorrest may appear, and eath ~nd eve~y such policy ~hafl be p~omptly a~s 9ncJ and delivmed to
•ny held by ssid MORfGAGEE ss lurthe~ secutify to ssid mo~tya9~ deb~, and. ~ot leu tMn ten (101 dsys in advance of the eYpirat~on o! each pol~cy, to da
liver 1o said MORTGAGEE a ~enewal thereof, to9ethe~ with • receipt for the premium o1 ~uth renewal; and ~here shall be no f~re or w~~xlsto~m insur~nce
plecsd on ~ny of said buildings, any interest thert~n w parl tAarool, unfess in ~hs form and with IM loss payable at •fore~sid; and in the event a~y ~um
of money becomes peyabte vncler such policy p po~~ues said MORTGAGEE ahall haw the op~ion to rece~vK and apply ~he ssme on account ot the indebted~
nefs sK~~ed hcYeby or lo petmil said MORTGAGORS t0 rKeive and usa it p sny part IAereof for othcr HwF.asrs, .~i~huut th..~ur w~ivi~~~ o~ ~~r~pai.- j
iry any equ~ty, Gen w r~gh1 under or by vertue of Ihis mortyaqr, ar+d in ~he ~ven1 ~ad MORTGAGORS ahall tor any reaion iail ro keep the sa~d premiiet w y
~nsured, a fail to delive~ pranptly ~ny of said polic%ei of iniu~ante to iaid MURTGAGEE, a fail promptly lo pay fufly any pre~»i~m the~etor w in a~y ;
respect bil 1o ptr(wm, d~scharge, execute, eifed, tomplete, comply with and abida by thit tove~ant, or eny par~ hereot, said MORTGAGEE may place and
pay iw iuch insurance or aoy part Ihereof w~thout weiviny w affectinp any option. lien, equ~ty, or ~igM under a by virtu~ of this M«tya9e. ~nd Ihs
full amovn~ of each and every such paymeM shatl be immcdi~tely dus •nd payabl~ ~~d shall bea~ interesf from the d~ts thereof untit paid a~ the rate ol
~~~r•e NOi 1Ci11V~~1 N@i eU~iu:ii u~iu' iO~ciiict wii}i iiiGtl iiiiEicit i~o:i .~i2 SG~iitL~ .~5~ 2~. ~:ER O~ :~::i t.:3:!';~j~C.
1. To permil, commit w suffer no waste, impairmenl w deteriwation of said propery or a~y part the~eof.
S. To pey all ~nd singular the cost~, charge~ ~nd expenses, ~ncluding a resaonable anwney'i fee ai~d cosfs of ab~fracts of tiNe, incurred or pa~d st
eny lirne by said MORTGAGfE, because w in the event of ?he failure on the part o( ~he iaid MORiGAGOR ro duly, pro~,~ptly snd fu1~y per(orm, d~uharge.
axecute, e(fec~, comptete, comply w~th end ab~de by each and evcry the stipulenons, agrcements, condit~ons, and covenan?s o( sa~d promissory note and ~his ~
mortgafle eny w ei~her, and ~e~d costs, charges and eapenses, each +nd every, sMll be imm~liately due and payeble; whethe~ a not the~e tx notice der
maRd, attempl to coltect w suit pend~ng; and the full amovnt of esch and eve?y such paymeot shall bea. in+rrest from the daie thereof ~nril pa~d •1 1he j
r.,rr of nirk per ceot~m Exr am~um; and all said costs, charfles a~d expenses int~ned w paid, together w~th ~uth interesl, tlwll be sesu~rd by the Gen o} Ihif
morl9age. -
b. Thal in Ihe even? of any breach oi thi~ Mort~a~e o~ dcfault on 1he part ef the MORTGAGOR, or (b} in the event ~ny of utd sums o1 money
hrrein referred to be not prdnptly and fully paid within thirty (30) days nex~ af~e• the ssme seversily bec.~»e d~e and payable, wi~hout demand or not~ce.
ar (c) in the event each and every Ihe sl~puta?ions, ~greeme~rs, conditions snd covenants of sa.d promisw~y note and ~h~s morf9age any w eithet are not
~~Iv. womutlv and fvllv oe~(ormed. d~uhorped, e+cetuled, eflKted, cOmpleted, complied with and ~b~ded Sy, then in e~ihrr w sny such eveM the s~~d ~g
grega~e sum mentwned in sa~d promissory note then remaininy unpe~d, with interest ~ccrued, and ail moneya iccured hereby, shall be<ome due tn~) pay
ee:e forehwith, or theroalter, at ~he opr~on of said MORIGAGEE, as fully +rd complete~y ss if aU of the sa~d ~ums of money wcre or~gir,s!ly shpu~a~ed
ro be pa:d oo such day, anyth~ng in sa.d pro+n~ssory note w in ~his Mortgage to the conrrary ~otwirhs~andu~g; a~ed ~here~pon w ~herrafter at ~he opnon of
sa~d MORTGAGEE, w~rhout ~ot~ce o~ dema~~d, suil at law a in puity, there~aa w thereafter begun, may be prosecutcd as if ~VI moneys secured i?ereby
na~ matured pnpr Io ~ts mstituLOn. ~
7. TAat in the evem that at the beginn~ng of or at any time pending any suit upon this Mortgage, w to Foreclose it, or to refam it, or to enforc~
F~YTnent of any claims hereunder, aaid MORTGAGEE shell apply to the Court Mving jurisdiction thereof for the appo~mment of s Rrceiver, such Court shall
fe~rhwiih apooim e receiver of sa~d morigaged property all •nd siny~lsr, inclvd~ng all ~nd si~yular the income, prof~is, iasues and revenues Irom whatever
scwce der~ved, each and eve~y of wh~ch, rt being express~y urwenfood, is hereby mor~gaged as if spet~iically set forth and desuibed in Ihe g•anting and
habendum clauses hereor, and such Receiver shall have all the broad and effective funct~ons and powe?s i~ anyw~se entrusted by a Cou~t to a Receiver, a~.d
s~ch appointne~v ah~U be made by such Court rs an admitted equity and a malter of abso~ute right fo said MORTGAGEE, aod without referonce to the
adequaq w inade4~acy of the value of the proprrty mwtgaged or to the wwenty a imolvency o1 said MORiGAGOR p ~he defe~dants, and that such
~ents, prof~ts, inco~ne, issurs and ~evenues shall be applied by suth Receiver actwduig lo the lien or eq~ity of said MORTGAGEE and the practite of such
Court.
8. To d~:y, promp~ly and f~lly perform, dixharge, eaecute, efted, complete, comply vuith and abide by each and every the stipulations, ~grKrnents,
co~ditions and covrnant~ ~n sa~d promiisory note +od this mortgage set forrh.
9. TF.at in the event thc ownership of the mortgeged premisea, or any Part thereof, bccomes vested in a pt{son other than the MORiGAGOR, the
MORTGAGEE, irs successors and ass~gns, may, withouf notice to the MORTGAOR, deal w~th such succe~sw a successor i~ ~nterest wirh refere~+ce to thi~
morrgage end thc debt hereby secured in the ume manner as with Mortgagor without in •ny way vitiating o? diuharging the Mortgagori lisbility he~t
u~der d upo~ ~he drb+ herrby secured. No s~te of the prem~ses hereby mortgaged and no foitxarance on the part oi ~he MORTCiAGEE or its ~uccesswi
or aas~g~s and no exrers~o~ of the time fo+ the p~yment of the debt hereby secured given by the MORTGAGEf or its successors or ass~gns, shalt operat~ ~
ro release, d~scharge, mod;fy change a affed the orig~nal liab.l~ty of the MORTGAGOR herein, eithe~ in whole w in part.
10. It is spec~fical(y agreed that time is of the essence of this contra<t and that no waiver of any obGgation hereunder or ot the obli9ation se-
cvred hereby shal~ at any time thrreafttr be hetd to be a waiver of the te.ms hereof w of fhe instrument setured herby.
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11. In add.t.en ro the ~orege ;g monfhly paym~nts of print pat and inre.est requ~rcd by the prom:ssory ~ore secu.rd hereb~, mortgagor covenants
j~~d ag~ees ro pay ro =^ortgaaee ~nith each monthiy pay~neM an add~no~al sum esf~n,ated by mortgagee to be equal to 1," 12 of the an~lual cost of the foiiow-
A-All real prope~ty taxas Iev~ed or asses:ed agai~at the atrove desvibed real estate.
B-Pr~~~n~u•ns on (ire and windsro•m insurance as here~n requ:?ed to be car.ied on the improvements situatt on the above d.stribed premises.
i C-Prem~w.~s o~ svch mongege guaranry ~nsuror~ce as mortgagee shall fron: t~me ro nme deem fit to carry on the Ioan sec~red hereby.
I
` Mortgagee sha~~ 4rcm t~mc to t~me not+fy mortgaqor wrihng of the amount due and payable hereund~r and such svrn shatl thereupon be due and
i : a.able on the d~e date ot the next month!y paymem and each successive month thereatter until mwtgagee shall nofify mortgayor of a change in such
k ,•~eunt. S~ch sums shall tx applied by matgager toward the peyment of real property taxes. insurance prem.ums, and mortgage guaranfy insur~nce
f{ ;:•cmivm3.
~ IN Y1ITNESS VJHERcOf. :he sa~d MORTGAGOR hss Mreunto xt h~s hand and seal the day a year first afwessid.
~ Siyrxd, Seated and detivered in the presence of:
i
~ n ~
n ~
~
S'ATE OF fIORIDA ~ ~
S5. i
C.~UNTY OF St • I.11C~Q ~ 3
John R ScYU as Jr. ,,,a 4
before me personatly apprered • Q ~ s =
~
~1'S/ g• SCZtI~',IS ~ his wife, ro me well known and known to me to b~
ti,e i.id~vidwls deur~bed in end who eaecuted the foreyoiny instrument, ~nd acknowtedged before me tMt they executed the same fw the purposes `
rherein expressed. Md the said ~Y}( g. SCY11aQ! ?
«~~e of the wid JO~lI1 R. SCYIL~Q~~_aZZ-~ ~pon • sepaate ~nd priwt~
e.am~nat+on by me taken separate and apart from her said husband, ~dcnowledged to and before m~ that she eaetuted said instrumem.freely ~nd volu~-
ra~~~y ~nd w~thout any comp~lsiwi, cor.straint, apprehens~o~n, o~~ ~fear oi or f.om ker ~aid twsband.
~ WITNESS my hand and officid scal thi~_ ~~i.jG! dsy of A. D. 19~_
~ . -
~ ?(Wary Pubfic in and for tln State of f{orids at lary~ i
i Mr c~~..~ .xa..,: ~
Return To: ``,~~N~uNp~rh~~~ ' h)
~
. , ~'i AATE Of ~E
~ Ferst Feder~l Savings t~ loan Aasocianon Z.... `1 CO~DM~IDSSIT ~ ~a A~ 19T3
~ Of fort P erce. . '?r ~i f~ ~i~{
a s • ~+-~w
`,e"`, F'°„d° ~ e=': ':~;--v ~"s FIlEO AND itECOROED'
~ - ~ : ~ {o': ~ . ST. LUCIE COUNTY. FIA.
~ ~-~3}, ; ~;e , RE C 0 RD E I
~ . , , V R FIED
~ - ~r u' ~ ; .
~ This Instrument Prepared By 1oh~1 W. QqY~'~a=J' ~~~4;•: ' 7.~5~~0~
~ F~rst Federal Savings b Loan Association ~ ~
~ of Fort Pierce~ Florida ~~1~ ~ S~,.~. Z~ SEP 16 PM I• S~
,,'''~~~unuN~•'',`.
~f1 t
Checked By ~ ' OGER POt AS
0 R CLERK CIRCUI COURTj
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