HomeMy WebLinkAbout0483 3. To place end continu4usly keep on the bui!dings now or herrafter •ituate on said land and on ali equipme~~t a~d pzrsonally co•rered by this mortg-
egs, wi~h ~!1 p~em~umt thereon pa'd in full, fhe inswance m the ~sual sra~`dard pol~cy lorm, in a sum a~.proved by ~he MOR:~.~.GEE, a~~d w~ndsto~m
insuronce in the us~dl Slandard pol.ty lotm, in o sum approved by 1he MORT('iAGEE, in fuch to~npany cr tompan~es ai the AaOR1:,AGEE may
diretr, and aU (ire and wmd~rorm inw~ance policies on any of ia~d bu~id~nys, any in~ereit ~harein or par: therooi, in :he agg~~ gere sun~ atoresa~d o~
in •xtess Iher~of, shatl coMain the usual srandard mong:gee clause or wch o~her dause as Ihe Mwtyeyea may requ~re, ma?in~ ihz ios~ ~~~Jer ~a~d poli-
urs, each and every, payable to said MORTGAGEf. as its iroerest may appear, and each and every such po~~cy shaN be promptly ass g~~rd e~~d dr:~v~rrd ~o
eny hetd by said MORIGAGEE as iuither se<urity to said mor~gage debt, and, no~ ~esa than fen (10) days in ad.unce of th~ exp~rat~on of eoch po!~cy, lo de-
tiver ~o said MORTGAGfE a re~~ewa1 Ihereof, 1oge~her with a rece~pt lor the p~emium of tuch ra~e~al; and ~here sfia;t be ~~o f~re or ~,;~~a:~o~~n ~ny.rence
placed pn any of said buii~i/*gs, any iMerest therein or part the~eof, untess in ~he fo~m and wi+h the lois payable as afo.esaid; and in the evrnt any sum
ol mo~ey becomes payable unde~ such policy or polxies said MORIGAGEE shall have ~he opt~on t~ recc~vr ;nd app:y the sa~~~e on accou~~i ol the indrb~~•d-
eess secured hereby or ~o pe~mit sa~d MORTGAGORS to rece~ve and use i1 a any part ih~:~ol ta. o:~~~ ~ ~.u~::,srs. :.,~~:~:2 tn , i
ing any e~qu~ty, Iien ar ~igM under or by virtue Of th~s moctgage; ~nd in fhe event ta~d MORTGAGORS shall ;or any rcason iail to keep the sa~d premis•~s so
insured. o? fail 1o drlive~ prarptly any of said pehciea oi insurance to sa~d MORiGAGEE, or fad prompt+y to pay fu~:y any pre ~~:4~*~ thcrefor o~ in a•~y
reiped tail to per(o~m, dncharge, execute, ef(ect, completa. comply with and abide by th~s cove~~ant, w sny pare hereoi, se~d MURt~.i:GEE n,ay piace a~~o
pey ior such insurance vr a.~y part th.errof withou! svaiv;.+g or allecting a~y opt~o~, lien, equ~ty, or nght under or b~ wrtue of th~s hlorrgage, and thc ~
full amo~m of eech and every such pay~neM shall be immediately d~e and payabte and shall brar ~marest i~om 1ho date ~n~~coi u~~iii V„~J at ~P~c rare a!
mne per centum per ennum and to~rther with such interest shali tx secured by thr lien of this mwtgage.
1. To permit, tommit p suffer no wesle, impairmen/ d deferiora~ion o( said prcpe~ty o~ any per: Ihereof.
S. To pey ell and singvtar the coits, charges and expe~ses, including a reasonable attorney's fee and eo:ts ef abs~raUS oi u~'e. incuned or pa~d a~
any time by sa~d MORTGAGSE, because or in the eve~~ of the fr.wre en ~he part of the said MGRiGAGOR to d~ty, p~o~~pf~y a~~J f~,.y p~~~Eo.~~, d~scne~gr
execute, eff~tt, tanplete, tompfy w~th and ab'de by each and eve+y ~he stipu~at~ons, agree~nents, cond~nons, and cove~:ants of sa~d pron,~,~o~y nute a,~d th~~
~~ortgage any or e~~her, a~,d sald costs, charges and expenses, each and every, ahall be immediately due and payab:e; wh~•rher o~ not th~cre be no+~~e d~
mand, at~empt ro co~~ett or suit pend~ng; and the full amoun~ of each and eyery auch paynce~e shet! bea. intu~est from ihe da~e ihrr~~of v~v~l pa~d at the
r~re o; ni~ ~r cr+*tvm per amiu~i; and all aaid custa, char9es and eaprnses ~rx~rred or paid, toyether w~th such ~nterest, shall be sewred by the 1~rn ot th,f
mortpage.
6. That (a) in the event of any breach of this Mortgage or da'.auf~ on thr part of the MORTGnGOR, or ;b) ~n fhe event any of sa d sums o( money
h~rein referred to be nar prornptiy dnd fully pa~d withm th;rty ~302 days next a*ecr the sarne se~era::y beco~,~e due and pay~~lc, w~+ho~t de~ne~~d or not~~~,
cr ~c) in the event each and eve~y ~he stipuiat~ons, agreemen~s, cond~f~ons and covenants ot sa d promnwry ~oie and ~h.s murtgage any or e~ther are not
j.,:y, prompt:y and lutly perform~d, dscharg~d. exetuted. etfecred, comp;eted, compued w~th and ab~ded yy, Ihen in e.ther w any wch event ~he smd ay-
a~egate sum me~tioned i~ said prom~sswy note then re~namir.g unpa~d, wit~ interest accrued, and aN ~noneys secured hrreby, shall becane d~e and pay~
aa.e fo.thw~rh, or thereaiter, at the opt~on o4 sa~d MORTGAGEE, as fu11y and comptete!y as if aH o( ~F~e w~d suma o~ n,oney were or,g~~,atly s~ pu.atcd
fo be pa:d on such day, anything in sa:d pro~n~sso~y note or in this Mortgege ~o the ton~rary notw~thstand~ng; a~d therci~pon or th~renfter at the op~~on of
sa,d MORTGAGfE, w~rhou~ not~ce or demand, su~t at law a in equny, therefore w thereairer begun, may be prosecuted aa if ail a,onrys secvrcd hrreby
nad maNretJ pr~o~ fo df instifuLOt~.
7. That in the event that at the be9inn~ng of or a1 any t~me pend~ng any su~t upen this Mortgage, or to forec!ose it, or to refo~m i~, or to enforce
paymem oi any ciaims hereunder, said MORTGAGEE shall apply to the Court having ~u~~sd~cf~on ihereof (or tF~e appo~nhnent of a Rece~ve~. such Co~~t sha~l
forthwith appoiM a receiver of said mortgaged procerty ati and zirgular, irt~lud,ng ail and s~ngu~ar Ihe into~ne, prohts, isities and revenues ho~n whetrver
so~rce de~ived, each and every oi wh~ch, 1s being eapressly unders~ood, is hereby mor~gaged as i4 spec~{~ca~ly set forth and desu~b~•d in the g+anr,ng a~~d
habendum dauses hereof, aod suth Rece~ver ~hall ha~e all the broad a~d effechve (unct•ons and powers in anyw~se entrustrd by a Covt to a Recci~er, a~d
::ch appoinrmenr sha!! be made by suth Court aa an admitted equity and a matter oS ausolute r.gM ro sa~d MORTGAGEE, and w~;huur referrnce to the
ndequaty ot inadequacy of the value of the property mongaged o~ to the so,vency or ~nso;vency of sa~d MORiGAGOR or tnz de1e~:Jants, and rhat svch
rems, proflts, income, issves and revenues shati be applied by :uch Rece+ve~ accord,ng to the I~er. or equity of sa~d ~dURiGAG:E and the pract~ce of s~ch
Court.
B. To duly, p~omptty and fully perfo~m, discharge, execute, efFect, compfete, compiy w~~h and abide by each a~d evary the stipulat;uns, agree~nents,
:er.ditions and covenants in said promissory note and th~s mortgage set forth_
9. That in the event the ownership of the mortgaqed prem~ses, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, fhe
!:.ORTGAGEE, :fs wccessors ard ass~gns, may, w~~ho~~ nonce to the MORiGAOR, deal with wch successor or successor in mteres~ w~~h ieierence fo ~h~s
m.orrgage end the deot hereby sec~red in the same manner as w~+h Morrgagor witho~t in a~y way vit~aring or d~scha~g~ng the Mor.gagori Gabu~ty here-
unde+ or upon fhe debt herrby sec~red. No sale ot ~he Frenuses hereby rnortgaged and no iorbeara~ce on the pan of the U40RiGAGtE or i's wccessors
c. ass~g~: and no earers~on ot ~he ~ime for the payment o4 the debr he+e6y secured given by the MORiGAGE£ o~ ~ts auccessors or ass gns, ,t.all operare
io reiease, d~scharqe, mod~fy change w affect ihe orig;nal :ian;:ty of ~he N.ORTGAGOR hereln, either in whoie or in part.
1Q. k is spec:f+caliy ag.erd ehd? ti~.,e +s oE the essence of th~s contract and that ~o waiv~r of any obl:ga~;o~ hereunde~ o. of the ob!igation sr
cured herebY shali at any time thereafrer be he:d to be a waiver of the terms hereof or of the instrument secu~ed he~by.
11. In acid +~e~ to the forego ng mumhly payments of princ pai and interest ~equ~red 'by the prom sscrq r.c~e s~:ured hereby, ~rtorr~3~~r co•renants
~•~d agrees fo pay ro r•o-tgagee with each munrh~y pay~.:ent an add~~ional sum rst .n,ated by mortyagee ~o be equai to 1 I2 oi r:~ an:~val coxt of the fo~ioN-
A-Ail rcai propcrty taaes levie~ or assessed against ihe above desc•ibrd rea~ e:tate.
B- Pr; •~s on f,re and w~ndstorm ~nwrarce as here~n r~qu:red to be carri~d on the lm.proveme~ts s~•~ate on th^ d~JOVf desu~bed prem~ses.
C-Premiums on svch mo~tgage guaranty insurar.ce as mortgagee shall from t:me to ti~ne deem f~t to carry on the {oan secured hereby.
Mortgagee s!~a,' 'rcm nme to time •~otify mortg~gor in wrinng of ti~e amou~t due and payable hereundar and s~ch sv~~ shafi thcreupon be due and
:>;ab!e on thr due date of the ne~t momhiy payment and each success~ve month thereafrcr vrtit mortgagee sna!t not:fy morr~agor of a chanye in wch
ount. Such wms sha i be app!eed by mwtgagee toward the payment of reaS proplrty taxes, ir.surance prem.ums, and n~,ortyage g~aranty insurance
:~•e~niums. -
IN Y11TNE~S YVHERiOF. The sa~d MORTGAGOR has hereunto,~j ao year first aforesa~d.
nSigned, ated and de 've~ in ?he p~esence of:
ST. LUCIE COUNTY. F , ~~a~~
R£CORD VfRIFIED
- ~ _ tSceq
~
- - - (Seal)
~~O N`f ~ ~ f ~'1 ' ~ (Seal)
' S;aTf Of F10RIDA
` St. I,ucie ~ ss~~~g I -~c
c~utin oF - ROGE~ POtTR S '
E eeiore me personally appearcd ~Z'~~.C~ G. ~IC~~K ClRCUJ.~ ; a,~
f -
~ ~ Marjorie L. B~kQ2' _ h~s w~~a to me well 4~own a•~d known ~o me to be
? the individuati described in and who executed the fotegoinfl instrume~t, and eckno«tedged before me that they execu~cd the same fw the purposes
~ therein expressed. And the sa~d_ `M8T'~02'~e L. Ba{C~T _ ^ ~ _ ` _
4 «~fe of tne ,a~d _ ~erald v. ~Ce I' upon a separate s~+d private
~=am~nar;on by me ta4ee seps.ate ar.d apert from her sa+d huiband, atknowledged to •nd before me that she executed :a.d ina~rvnu:~t freety •nd volum
ranly ~nd w~shout any comp~is~on, co~st~a~nt, apprehens.on,~ fsar of or from her s~id hu~band.
WITNESS my hand and off~uaf seal thi~._ __L~__ _ day of A. D. 19_~~
Notuy P ~c in and (or the State of Florida d l~rye
AAy•Co ,ssion eap;res: L~/ ~ 7/
Return To:
firu ~ederal Savings 6 loarr Assodat~on
:.`~~i,;; Nota~a ?::3c Stek of f!c.'~r at t~~
~ Of Fort G e~ec ~ ~ r~ • 9f
' ~ ~C :~'i,S.ivtl Ei ti.Cl s~' ~
fo~t P~a~ce. FIcr~Je ,r.:;^- Y ~ a. b. ~n -
r • b . MwN h Ayuw r~ l ~Mwt? Cs~
_ _ , t•~. / b~
This Instrvment Prepared ByJo?1n W. Col.~ltf~t
t First Federal Savings b loan Association - •
E of Fort Pi~rce ~~?orida Q
Checked 9y ~ ~JU l~' s
~3~~: ~~S :~t.',•,.
- - eoo~ 187 ~~~F 4~
Pa s
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