HomeMy WebLinkAbout0477 3. To place and continuously keep on tl~e bui:dirgs now or he~eafter ~ituate on sa~d land and on all eq~~p~neM and perso~a;~y co:ered by th11 mor~g-
ege, wlth all premivms thereon pa,~ in f~:l, fire inwrar,ce in ~he u~ual sfandard po.~cy form, in a sum appro~rd uy the ~1~R,.,:. ~EE, e.d v.~.•dsto~m
insursnte in the usual standa~d pol,ty form, in a sum approved by the :~ORTGAGEE, in suth company or tomran~es ss ~he h10kiGAGEE mey
dncct; and all fire and w~ndsto~m ir~surante politir~ on a~y o( sa~d build~ngs, any interest therein o~ part therrol, in thr agyr_ya~e s~m atwesaid ar
in excess lhereof, shall conlain the uival s~anda~d morrgagre dause e;r such o~h~r c~ause as the Mor~gagee may ~eq~~re, ~na?~ng me ~osi undrr s~~d poii-
c~rs, each and every, payable to said MORiGAGEE as ~ta in~e~es? may appear, and each and every such p:.~:;y s~~all be prompt~y a;a y~~~•d o~~d de~~.r~ed to
eny held by sa~d MORIGAGEE as iurthe? security to said n:or~gage debt, ar,d, not les~ than ten {101 days in adla~ice o( the expn,,non of ea.h ~t~cy, to dr
i~ver to iaid MORTGAGEE a renewal thereof, togethrr with a rece:pt for the pre~nivm of such re~~rwal; a~~d ihere shall br no f.re c+ .~~~:~lstu~,n insura;,:e
plated on any oi said buildings, any interest Iherein w parl thereof, u~~eas in the form and with ~he ~ess aa'~ab~e as aic~osa~~t a~d +n thc e.rnt a~y sum
of money becomas payable vnder such pol:cy w po~~ues sa~d MORTGAGEE shall have the op~~o~ to rece~ve and app!y ~he so:ne on ecco;,~t o! +he ~~~d<bt~•d-
ress secured FKreby or to perm;! ss:d !-'QRT!=4f:(1RS ~n r.KP~vw a~x1 use it or anv part the:eof for o:n~•~ Hur, osrs, v:~n•,;! ch ,.',w:.-
ing any equay, lien a righl under w by virtue of thh mor!gage; and in the event sa~d MORiGAGORS shatl `.or any re~son iail to kce~. ~hc sa~Cl p~em15~•3 so
ir.svred, or fail to (~elive~ promplly any of said polities ol insurante fo sa~d MORiGAGEE, or f3i; promptly to pay fu~ty any prr~~~... n thrrctor or in a:ry
resped fail to pertorm, d~scharge, execute, ei(ect, comp~ere, comply with and abide by th~s covenan~, a any pare hareof, sa~d MvRiG:.G:E n~av p:acr a~o
pay iw suth insurance or any part thereof without waiving w affecting any option, lien, equity, or right unde~ or by vLtue of t:~is n~ortyayr, and thc
full amouM of each a~d every such paymem shall be immediately due and payable and shall bea~ interest from thu date th~rrof ;,~vd p..~d et the rere ot
n:nc pe~ ceMum per an~um and to~ether with sv<h inteiest shali be secwed by the lien of fhis mortgage.
1. To perm~t, commi~ or su(fer no wast~, impairment or deterioration of said property a any parl thereof.
5. To pay all and sirg~Sar the costs, charges and expenses, includ~n~ a reasonab?e atto.~ey's fee and cos~s of abst.acts of ~~t'e, in:~rrrd or F.;~d a+
nny time by said MORTGAGEE, because a irt the event of the fa,{ure cn the pmt ot the said MORTGAGOR to d~ly. pronptly and f.,',cy F~,:fo~~r., d:s:ha~ge
ex~•cute, effec~, canptete, comply wnh and ab;de by tath and every the st~pulat~ons, agree~nents, conditions, and covenan+s of s~~d pro•~:rsory note a~d thu
r.orrgage any or e~~her, and sa:d cosrs, charges and expenses, each and every, shall be immed~ately due and payab:e; whrfher o~ not ~i,~~~e 1:e nOt,ce d~~
~~~and, at~emp~ to coifett or suii pend~ng; and the full amount of each and e~ery such paymem shal! bear i~t~~resl from ~he date ther.•of „~ii+l pa~d at tt;e
~~r u~ n~ne pe~ trntum ~r an»u:Ti; and all said c~sts, cFarges a~~d expei~ses incurred or paid, togetner ~v~th such interesl, shall be secured 6y +he t,~n of Ih~s
~no:tgage.
6. ihat (a) in 1he event of any b.each o( this Mortgage o~ defau:t on tM part o( the MORTGAGOR, or ;61 in the evrnt any oi sa~d su~ns of money
h;,rein ~e(erred to be not promptly and fully paid within th~rt~• (30; days next aTt~r the sor~~e se.~era:~y beco~»e d~e and pay~~b~e, K'1~f1JLI dt ~.~a:-d or notice,
or {c} in the evero each and every the stipulations, a9reements, cond~:lons and covenants of sa.d promiswry note ~nd eh s mertgage any o~ e+ther are not
i~iy, promp~ly and fully performed, dscharged, executed, effecied, completed, compl~ed with and ac~d~•d 5y, then in e:~her o~ a~y au;h evem the sa;d ag
~~egate sum mentioned in said promissory note then ~e~naining unpa~d, with imerest acuued, and a~l ~noneys secured hereby, sha:i 'v~cume d~e and pa~-
etr:e forthwith, or thereafter, at tha op~ion of sa~d MORTGAGEE, aa ~u~1y e~¦; c:,~~~p:e~e,r a, s-•~d wms of monry were ar•g~~~a':ly a~.pu,a~cd
ro be pa~d on such day, anything in sa d p~om~asory note or in this Mortgagr to the conrrary r.otwithstand~ng; a~~d there.~~~on or +h~:r,f~e~ at the opt.on of
s+.d h10RTGAGEE, withovt noh:e or demancl, s~it at law o~ in equny, therefcre or thereafter beg~n, may be prosrc~red as ~f a'1 moneys 3e~..rcd hereb~
n_d matured pnw /o its instituLOn. " -
7. That in the event that at the beginn~ng of or at any time pending any su~t upon ~his Mortgage, or to foreclose it, or to reform it, or to enforce
payment of eny daims he~eunde?, said MORTGAGEE sha~l apply to the Court having ~urisd~tt~on lhereof for th~ ap~o~nt~nent of a Rr._c~vc~, s~ch Coun sha~l
fo~rhwith appo~ro a recNve~ of said mortgaged procerty aIl and s~ngutar, inc~~d,ng ai1 and s~~~gu~ar the ir.come, prof~rs, iswes a~~d r~•ve~:ues 'ro~n whate~e~
source drrived, each a~d every ef wh~ch, it being expreas!y understood, ~s hereby mortgeged as if spec~ficaily set fo+th ond desu~~•d m the g.ant~ng and
F,.~be~dum cla~ses hereoi, and such Rcteiver sha~l have a? the b~oad and effective funct.ons and powers in anyw~sc emr;rsted by a Co~*~ to a Recri~er, a~;d
s_ch appointme~zt shalt be made by svch Court as an admined eqvity and a matter of ab:olvre nght to sa~d MORiGAGEE, and ,n~rhout rrference to the
a.ieyuaey a inadequacy of the valve of the property mortgaged or to the so~ve~cy or ~nso~vency of sa~d MORiGAGOR o~ the de+e~~de~~s, a~~d ih,~ svcn
r~•ms, profits, intome, issues and rcvenues shall be appfied by such Receiver atcord~ng ro ihe lien or rquity of said MORTGAGEE a~.d ine rrect~ce of auch
Court.
8. To d~ly, promptfy and fully p.+rform, d~xharge, execute, effed, complete, comp~y w~th and abide by each and every the st~ptilat;ens, agree~nents. t
cenditions and covenants ~n sa~d promissory ~ote and th~s mortgage set iorth.
9. Ihat in the event the owrtership of the mortgaged prem~ses, or any part thereof, ~ecomes vested in a pe*son other than the MORTGAGOR, the
',',^,P.TGAGEE, i~s successon and ass~gns, may, wiiho~t norke to the MORTGAOR, deal w~~h wch successo- w s~cceuor in ir.tere;3 w~th reterence to th>s
r o•~gage and the debt hereby secured in the same manne~ as w~th Mortgagor w~thout in a~y way vit:ating or d;scha~y~ng tt~e htcrty„gors' :ieG:~~~y herr-
~^det or upon the debt heteoy sewted. No sdfe of the prem~ses herEby mo~tgaged dnd no 4o~t,earance on the patt of Ihc iJ~ORTi,AGtE ar i+s successcrs
o~ ass~gns and no exrens~on of the hme fo~ the payment of the debr hercby secu~ed g~ven by the MORTGAGEE or ~ts s~cceisors or ass gns, a:.ail ope:ate
ro re~ease, d~scharge, mod~fy change or affect the orig~nal liab.l~ty of the htORiGAGOR hereln, either in whoie or in pa:r.
10. It is speuficaUy agreed that time is of the essence cf tfi~s cororact and that no waiver of any ob~:gar~on hereunder or of t~e ob`.igation se-
c::red hereby shali at any time thereafte~ be he.d to be a wa~ver of rhe tecros he•eof w ot the instrumem secu~ed herby.
I1. In atid,t.o~ to the fo~ego !i9 monthly paym=nts of pr~nc pa; ancl interest requir~d by the prom~sscry nc'e S:cur~d h.~-~_br. :nOrt3iyor covenants -
r-d agrees to pay to mo•tgagee weh each month~y pay~~e~~t an aod,nonai sum est ~T ared b~ mortgagee to be eq~a~ to 1 14 04 r:,e an:•,uai cos: of rhe fol{o.v-
A-Alf real propeHy taxes levied w assessed agai•,st nc~ above describrd rea~ es+ate.
B--Fr: u rs on fne jnd windstorm insuracce as herein roqo.red fo be tarned en the ~m;;rovemeitS s~tuate on th= abe~e dcst••tcd pre~•iEses
~'-Premi~nu on such mortgage ~varanty insu~ance as mortgagee shail frem r me ro time deem fit to carry o~ t!~e !oan secwrd fiereby.
Mortgagee sha~l f~om tnne to time notify mc.tyagor in writing of the arr.ou~t d~e and payable hereundrr and such wm sh.~'.~ chere~pen be due and
.,,able on thr due tiaTe of ~he ~ect monthiy pay~rent and'eath luccessive month thereaft~r ur.ri~ mortgngee shatl notfy mort_agc~ c4 a cF.ange in such
- ovm. Such sums s~a i be apn;ied by mortgag~e ~oward the paymeM of real prope~ty taaes, insuranct prert:.ums, a id mortyagr g~aranty insura~ue
o~em~umf. ~
j Iy 1YITyESS Y.H OF rhe MORTGAGOR has hereu~~o set bis hand and seal rhe day and year first aforesald.
~ ' _ s~Ka ~ f L~°f AND RECOR~E~~ ~ - '
~ ~ FII.EO ~OUNTY. FIA. ~s~.~? -
s _ 5T. LUCIE ,e ~FI __csea~~
; _ ~F ~F.co~o ~ _a ~
~ . ~ L.t! - _-(Sea!)
~ ' ' ~ • lSeal)
. 3q-~
S ~ aTE OF FLORIDA
St. Luc ie i~ S~'~~~ c
~JUNTY OF
Befwe rtx penona~~y sppeared IAF~11 ~ SS end
Frankie I. Caviness r~ ERK CIRC hif wife, to me well k~orvn and known to me to be
the ind~v~dwfa described in and who executed the foregoiny instrument, and acknowtedged before me that they exewred tne ;ame for the puruoses
rhe.ei~ e:pressed. And the sa~d _-r'-raIl~Ci@ I. C+aV~TI@3S
«~fe of the +a~d ~11i81~1 Jackson Caviness ; up~rete ~rsd priwte
~ e.am~~ation by me taken separate and apart from her soid husband, atknowledged to and bcfore me that she executed,~i~~j~~~tiMl.jteely and vo:un-
rar~iy and wnho~t any coma~i:ron, consrro~nt,,apprehenron, or fea~ of or 4rom her said hwband.
~ 1~,
.`A-.p
~ WITNESS my hand and offic;al seal this_. _~J
Z.~Ll~__ day of_ " Se t'em~ r - • jq_-7~
~ - ,1 J:~ r..
~ ~ ~ . ~ =
~ Nofary Pubi~t in and fM jll0 }~~Sf~~~~SA
My Comm~ss~on e~cp'vp: ~ ~ ' 1
~ Return To: ~i,~ ~ ' 1Sb ~
~ ( fd~ ~ 25. ~9~~
~ First Fedt~al Savings 3 loan Assouat~on : T-
~ Of iort P erce . Ilr... GMw~t Co.
r
forr P~erie i!or~da ~ `j •
RECE~1iFD i- ~ ' ~ ,f~ ~1
~ DUE Qk - IM M~ ~ ~ 1
Pt~RS:+Atii 10 ~?G?BLE '~v OF T~
Cf(~TcR ~724, PEFSOfdAI. PRppERT1~
This Instrument Prepared By J. D. Chastain~'~-R PoITRks, C~erk Grcuit Cour~ ~ 1~1' ~
First Federal Savings & Loan Association as Age,;t to~ QqH~Et
of Fort Pierce ~ Fjorida St (~~~p n~OW~ES, 1R
Cour.hr ia~ COltettOf
Checked By L~- BY l
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