HomeMy WebLinkAbout0265 3. To plac~ and conii~uously ke~p on ?he buitd~ng~ ~ow w Mr~aft~r aitu~t~ on said lend and on all equipme~~ and penonally covered by thii mwtg~
~gs, with all prem7umt thereon pa~d in futl, li~e insu~~ncs in the usual itanda~d poliq iorm, in • sum approvcd by the MOR~GAGEE, and winda~am
insurance in the u:~al ~~andard polity fam, i~ • sum approved by tM MORTGAGEE, in ~uch tompany or compan;es s~ the MORTGAGEE may
direc~j ~nd all (ir• and wind~~orm in~ura~c~ policies on any af ss~d build~~ps, any intereat therein ot parf fhe~cof, in the aQgregare sum aiaesaid oi
In excea thcisoi, aha)I coa~ain ths usual standard mortgs~ dause w sucA olher cla~ss tM Matyagea may requ~re, makirq the tou under sa~d po1F
cas, each •nd eve~y, payabk ro said MORTGAGEE as ~ts interefl may ~ppesr, and cach and ~ve~y ivch poi~cy sh~ll b~ p~omptfy afs.yned and delivered to
any held by said MORfGAGEE as fu~~her security to said mo~ryaQe deb~, and, not lesa 1Mn ~en (10) days in advance of the er.pirat~on of each policy, to dr
I~ver to said MORTGAGEE a?e~ewal ~he~eot, to~e~hK with • receipt iw the prsmium of such renewal; a~~d ~here shall be no f~re or winds~wm insurance
plsced on •ny of tsid buildirgs, Any inle~e~t thereie or part thareof, unless in thc torm and with IM loss payable as afae:aid; and in ti» svenl sny t~m
uf monsy betome~ payable under such poticy or potiti~s said MORTGAGEE shall have the option lo reteive and apply thc same on accoun~ of the indeb~ed-
nefs secu~ed hreby w ~o permil sa:d MORiGAGORS 1o rKeiw aod ~t~ it p ~ny part thereof fpr oihrr purposef. w~iho~t th~nu~ waiv(+g or unpa]r-
iry any equity, lien or riyht unde~ a by virtw of thit rrw:lgage; and in th~ •vent sa~d MORTGAGORS shall (or any rebwn fail to keep the aaid premise~ ~o
insured, pr }ail to deliver promptly any of taid pOlities ol iniurante to said MORTGAGEE, or (ail prorr.ptly to pay lully a~y pre~nium therefw or in any
re~pect I~if to ptrform, discharge, execute: effect, complete, comply with and abide by this cavenenf, w arty part he~cof, said MORTGAGfE may place snd
paY (w such insurance or aoy psrl thereoi without w~ivirg w atieding any option. lien, equity, a righl undr a by v~rtw of this Mortgage. and the
full amount af each a~d every such payment shall be immediately due and payable and ~hall bear interest from the date thereoi u~iil paid at ths rate of
ni~x pe~ certum per annum and togrthe~ w;th such i~terest snaii oe secured 'oy ine i~en ut ti~~s ~~~wiy:ya.
1. To permi?, commit p suHer no wasre, imp~irmeM or dete~ioration ot said property or ~ny parl thereof.
5. To pay all and singula~ the costs, ciarges ~nd expenses; includinq a reasonebk ~ftaney i fee and costs of abarracts of title, incurred or paid st
any lime by xaid MOIt1GAGfE, becauu w in the event of tbe ta~lure on Ihe pa~t of ~he aaid MORiGAGOR to duly, prompfiy and (utly perfwm, d~uharge,
execute, ~ffecr, complera, comply w~th aod ab;de by each and eve~y the stipulat~ons, agreements, condit~on~, and covenents of sa~d prom~sso+y note and th~s '
rnortgaye any or c~~her, and sa~d costs, charyea and eapenses, esch anc# every, shall be immediately due and payabte; v.he~her o. not there be not~ce do-
mand, attempt to coffect or s~it pend~ng; ar?d the fvlt amov~t of euh and every ~uch payment sAall bear imeres~ from ~he date therrof until paid a~ fhe
rare of n~ne ~r centum per annum; ani! all aaid cosb, charges and eapenses incurred q paid, together wdh tuch in~erest, shall be secured by Ihe Iien of th~f
mortpage.
6. Thal (a) in the event oi any breath of thii N4ortflsge w detault on the parf oF the MOR1GAGpR, or (b) in ?he event sny of sa~d sums of money
herein refe~red to be not promptly and iully paid within thirty (30) days nea~ after the same xveratly becort~e doe and payable, w~thovt demend or notice,
or (c) in the event each and eve~y the stiputations, sgrQements, cond~t~ons and coveoams of sa.d prwnissory note and th~s mortgage any or e~ther are not
v~ f N i r~:~~-.::.cu, u."s~..v.
p~~, .ii s„~ i~,;;. ~ ~__Y_3. ~rt~~!~. ~,,,,,~,I.t.1, rom~lu~ wi~h and ~b~ded tiv. then in e~ther or any such event the said ag-
g~egate sum mentioned in sa~d promisawy oote then ?emai~ing unpa~d, with imeresl accrued, and atl moneys setured hereby, ahall become due and pay-
eble forthwith, or therea4ter, at the opt{on o1 said MORTGAGFE, as f~lly a~d completely as il a!1 of the said sums oi money were w~g~nally i~~putated
ru tx pa~d on such d~y. anyth~ng in sa:d promissory note a in this Mortgage to the tontrary notwi~h~tar.ding; and thereupo~ or thereafter at the opt~oo oi
said MORTGAGEE, wrthout nonce or demand, suit at !aw d in equily, therefwe w tFKreahe~ beyun, may be prosecuted aa if all moneys secured he~eby
had matwed p~~o~ ro +ts ~nstilut~on.
7. That in tF.e event that at the beginning of or at any tims pending any a~~t upon this Mwtgage, w to faeclose it, oc 1o refwm it, o? to enforce
paymen? of any cla~ms he~eunder, said MORTGAGEE shall apply to the Cou~t having ju~isd~csio~ thereof the appomtmem of a R~ceiver, ~uch Court shall
fo.thwitA apFso~nt e rece~~er a! said mo~fgaged pioaerty all and singular, incl~d~ng ail and singvlar the income, prof~ts, issues •nd revenues from whatever
io~~ce derived, each a~d every of v.hKh, it be~ng express~y unckrstood, is hereby mortgagrd as if spec~iical~y set fwth and described in the gra~ting and
habendum cla~ses hereof, and such Rcceive~ shatl have all the baoad and effecrive funct.ons and powe~s in anywise ent+~sreA by s Court to a Receiver, and
s~ch appointment shafi br made by such Court as an adm;tted eqvity and a maner of absolule right to said MORTGAGEE, and without re(erente to the
edequacy w inadeqvacy of the value of the property mo~tgaged or to the so:vency or insolverxy ef said NIORfGAGOR a the defendantf, and ~hat such
re~:s, prolits, incorne, ~ssues and revenues shall be apptied by such Rece~ver accad~ng to the lien or equity of sa~d MORiGAGEE and the practice of such
Courf.
8. To dufy, promptly and fully pe?fwm, discharge, execute, effcct, complere, comply wi~h and abide by each and every ~he st~putatio~s, agreementi,
co~ditiona and covenanrs ~n sa~d promissory note a+d this mortgage se~ foati~.
9. That in the event the pwnership of ths mortgayed premises, or any part thereof, becomes vest~d in s per~n other than the MORTGAGpR, the
MORTGAGEE, irs successors a~ aui9ns, m~y, withouf rwtice to ~he MORTGAOR, deal wifh such successw w successw in ineerest with reference to fhis
mo.tgaye and ~he debt hereby secur~d in tt~e same manoer as with Mo.tqagor w~thout in any way vi?;ating or d~scharg~ng the Mortgagors' liability F~ere-
under or upon the debt hereby secured. Np sale of the premius hereby mo~tgaged and oo forbeare~ce on ~he par~ of ~he MORTGAGEE or its s~ccesson
or assigns and no exrens~on of the t~me iw the paymenl of the debt hereby secured yive~ by the MORTGAGE' or its successors or ass~q~t, sha11 operate
to releese, discharqe, modify change a affect 1he wiginal {iab~l~ty of the MORTGAGOR herein, eitAer in whole a in part.
10. It is spec~fically agreed t}~at time is of the essence of this tont~act and that no waiver of any obl~gat;an her~under or of the obligation so-
c~red heroby shaU at any time thereafter be heid to be • waiver of 1he terms hercwf o~ of the instrument secu.ed herby.
I1. In add f~o~ to the fwego og mo~th!y payments of pr;nc pal artd iroerest required b~ the prom~ssory nore sec~.red hereby, monqagor covenaNS {
end agrees to pay to mortgagee v~~th each ma~thly payrnent an add~~ional sum es~~mated by mortgegee to be equal to 1; 12 of the annual cost of the foUow-
;n~:
A-All rea! property taxes lev~ed or assessed agai~st thc above descri~d real estate_
B--Prem~ums on fire and windstorm inwrance as herein requ~red to be ca.ried on the +mprovrments s;tuate on tF~e above described premises.
C-Prem~~r.:s on such n~ortgaqe guaranty insura.~ce as mo~~gagee shall from t~me to time deem fit to carry on the loan secured hereby.
Mortgagee shaH 'rom ~~rr~e to time notify mortgagor ;n wr;ting of the amoum due and payable hereunder and such wm shall thereupon be due and
F ayable on the d„e date of rhe next monthly payment and each wccess~ve month theresfter urtil mo~tgagee shall noNfy morrgagw of a chanqe in such
a~nount. $uch wms sha ~ be app!ied by mptgagee toward the paymem of real property taxes, insurance prem:ums, a~~d nwrtgage guaraNy insurance
p~emiumi. ~
IN WIiNESS ~IVNEREOf, the sa~d MORTGAGOR has hereunto set his hand and seal the day and yeu s1 afwesaed.
iSiQned, S led an ~i$ve?ed in the presence of:
.n
- cs~.i~
' c n
- •n
STATE OF FLORIOA ~
St. Lucie u' ' ~ ~
cou,vrr oF a2so known as GeorgQ Mos ly, Jr. ,
a~~a~ personally appeercd Geoz~ 1Mosely/and Arverne Mosely, h~s ~?ife,
~ Fra~1c_lin p t~9rris ~cl V-lerfe' V arr3s
a his wife, to me well knewn ~nd known to me to be
; rhe ind~vidwls descr~bed in a~d who executed the fwe9oinp instrumtr?t, ~nd acknowted9ed btfwe m~ that they ~xecuted the iame for the purposes
rheiein expre:sed. Md the said /+YVQZA~@ ~DS@ZY~ 1f~@ O~ ttl@ said Ceoroe ~S@ZV. grd
~ii~.oFN,~~sid• Vs?leri! V Harri~~ ~~e pf thQ Ss~d R anl~t in A ttsr~i~~~ ~~~~~e snd privat~
exam~nata~ by me raken sepsrate and apart from~f~ said hutban~ ~tknowledged ro a~d befwe me thaf i~rexecutad said instrument ftcely and voluM
'a'~~Y ~ W~~~ut any compukion, carutraint, apprehensio~, w fear of w fromA~sr said husbandt,
WITNESS my hand and officia! stal thi: /li l~ dsy of $@ t@~TeY A. D. 19-~
€ +
• Notary P lic in ~nd for the StatM of Florid~ at lary~
Reeurn ia _ My C ission expires: ~i I Lr ~~7/ ;
~r_~f i
First Fedenl Savingi 3 loan Associar~o.~ 11pta.ry rurix, St6tr ot r~t•:{a at t.arge ' ~ ~
~ Of fort Pierce. My (p~~~i~ ~~p,s ki~. 6. ~9~) }
: FoA Pierce, Flwida . . • • - . ~
' M~Md h Mro»s f+w ~ C+w~Yy G!i
• j . ` .r.
t
~ ~ _ ; ~ ~ FI~ED AND RECOROEO~
~ : _ _ , _ ST. ~UClE COUNTY~ FLA.~
This Instrument Prepared ey John W. Callins. , f; ~ RECORO VER~ftEp
First Federal Savings & Loan Association , _
of Fort Pierce, FloYida : . ; ~(~~r~ r
•~ai ~r• J,~ ` ~
. , ~ '10
Checked By ~ ` s~P ~ 7 ~ ~Q • qs
, - ~ ~ ~~~~/G~C~d~.t~.L~.r
a' R 1g7 PACE Zs "rJ,:--._ ROGER POITRAS
~ BOOK CLERK CIRCUIT COURT~
_ , ~