HomeMy WebLinkAbout0590 9. To pla~e and rontins;ously keep on ~he b~i'd~ng~ ~iow or hrreafter ~~tuate on sa~d ~and and on a'I equ~p~nent and peno~~:~:!y cove~cd by thli m~rtg•
ege, wltA all p~emwms thertOn pa,d ~n full, iue inswen<a ~n the :.suat st~~.:i,~d po~~cy foim, in s som o~,prov~d !~1 thr MUk.G::~;Ff, a c! w~~iJstonn
~nsvrante in the uaual =~andard poLCy form, in e au~n appro~ed by tha MORTGAGfE, in such co,npany o~ co~»i~an:rs as ~hr MOk1;,AGEE mny
dnec~; and all lire and w~nd~torm ~n~u~ante pol~c~es on any o( sa~d bu~ld~r+gs, any intereal ~hme~~ or pa~1 thrrcol, in ~he ~ggr• gore s~~+~ aforesa~d o~
in exce» thereoi, fhall .oroa~n the usual sta~~Jmd ~na~gagec uause o~ ~uch other da~sc as iAe ~titortyayee may reqv.re, n,ak~ng ih~ ~o:s u~.J.r s,.d poli•
c~e~, eath and eve~y, payab!e to sa~d A1pRiGAGEE ea ns ~.vrre~~ may appear, and eech and every wch poi~cy shal! 1x prum~,t~y a~s y~~.d o„J d~~~v~•.ed ~o
sny Ixld by se~d A10RIGAGEE at further secur~ty to se~d mo~tgoge oeb~, and, no~ less than ten (10) deys in adrance of ;hr c¦~;~r~twn of each pof~c~, to de•
Irver to iaid A10QTGAGfE a ra~ewal thereof, toqerher w~th a+rte~p~ tor ~he premwm of such re~ewal; a~~d ~hrre sh,fi Lr ~w t,re w v~,~~:f~~o•,~, ~~~su.ance
p~xed on any of sa~d bui!d~nga, any inte~est therein w part thereof, unless in ~he form and wif~ ~he loss payable as atoreio~d; and i~. the e.ent anv sum
of mo~ey beca+xs payabie under such poiicy or poLue~ s~~d M~RfGAGEE ahalt have rhe opnon ro rec~~.•~~ ~,~d ap~:ly ~hr se•~~e on acw~„~ ol ~he ~~~dvl,f~•d~
ness secured her~by or to permit said MORTGAGORS to rete~ve and use it p any p.»t thr:.~o~ lor ori,~ r~.u~~ ~s:s. :..r~ ?1, ~„r r.~~-
ing any ~qu~ty, lien w right ~ndc~ or by virtue of thia mo:'gege: snd m the evero sa,d MOR2(~AvOFS si~:,li ;w ~~~y ic.~s;.+°, t:.:; .~c:: t~- t~:a •••e •n
ins~red. Or fail f0 delive~ prO~nplly gny pf said pol+cief Of insu~ance 10 luid MORTGAGEE, or ta~' p:or.~p!iy to pay fu:ly eny •pr~• „m th~•r~lvr ,ot^in e•~y
~espect (eil ~o perform, discharye, eaeiute, e1feU, tanpirtr, co+s~ply wirh a~d ab~de by ?h~s toven~nt, or eny p.+n hereof, s.~~J MuRti,.1G:t rnay p~ace a•~o
pay fo~ such insurence o~ any pa~t fhereof w~~houe waiving or alfec~ing any opt~on, Iien, equ~ry, or r~ght ~ndei or b~ vutue o+ +h~s Ato~tg.+ge, a~d thE
f~ll am~unt of eacA a~d e.sry such paymenl ihall tx lrtunrd~etely due and payable aiui shall beer int~r~~et Ir.r,~ tha date thr.~of vni~l pwd a~ ~he ~~te ol
~~~~e per ceMUm per annum ond to~rther wnh fuch ~ntrr~st shai~ br s.w~ed by the iien of tfi~s mortgage.
lo permit, comm~t w sutie~ no waste. ~mpeu~~~c~~. „~,~:.c.~..~ : '-'a r-r--~~ =~j ..t ~1,...
5. To pay sll and singular the costs, charges and eape~}ses, ~nct4d~ng a reasonab!e afrorney's ~er .~~~d cozrs of ~b~t~act~ o( t~~4-, ~~~c~ncd o~ p.,~d af
a~y ti~+-c by so~d MORiGAG:E, becavse a in the event of the 1a,iure on the pe~t o1 the sa~d MpRiGAGUR to du!Y• G'~'"t=tiy and f,,:ii ~.~•~for~n, d~sci,~~gr
:~.ecufe, effMt, canpiere, comply w~th end ab.de by each and every ~he st~pulai~ons, agreemems, cor.dn~ons, ar.d cc~r~~anrs of ::~,c! ~.•o~n„wry nore a^d rh:~
.:orrg~ge any or e~ther, and sa'd costs, charges and expenaes, each and every, shail be immedi~IFly due a~d payab:r; v~hc•rF~~•r o. not eh~••e tze noacr dr
r~~,nd, aste~,+F~t to collect er suit pend~ng; and the fuil amou~~ of each and e~ery svch paymeM ahall bea. in+~•rrs+ ~rom ~he da4: thereol w,t~~ pe~d a~ mr
'.~tr c~' n~:~e per cenq~m per ennu:n; and a~i sa~d cosrs, cha~yes end rt,~anses irK~~red or pv~d, together w.lh s~ch ~nte~est, sFaif be secwrd by the I~rri of th~~
mor tpage.
6.`Thst (a) ~n the even? of sny b~each of ~h~s tilortgage or drfau:t on the pa~t ol thc MORTG~GOR, or ;bi ~n the evcn~ any eF sa.d w~.~y of n:oney
brrein refzrrd to L~ not p•pmptly and fulty paid w~thin Ih.rty (3Ui days ncat a!r•.r tFic s:+~r~e sc.cra'+y Lcco~~*r duc and par..4~le, w~~hc•~t dr ~~a~~d or nchcc,
er ehr e~ene each ard every the stipuiat~o~s, agrcements, co~d:trons and covenanrs of sa d pran~ss~ry noie a~~J th a morfg,g~ or,~ ~~~he~ are no~
~~ly, promptly and i~;iy p~rfonn~, dscharged, eRet~ted, elfect~d, canplered, compGed w~th and aL•~drd '~y, then ~n e.thrr or any s,;,h rvenr fiie sad ag
~r~qare surc mer~:~on.:d ,n ;a,d pra~ussory note then remn,n,ng unpa~d, w~th ~ntecast acu:.cd, a~~d a.i ~.ur.~ys sea~~c~J hr...Ly, s}w.: t,.c~+«s d~e and par
ab e ionhwith. or thereaf~er, at 1he opt~on of sa~d h50RIGAGEE, aa lvily and completcly as il a~l oI th~ se~d i~ms oi n,o«ey wcre o~~g~na ly s~ F:u.ateJ
ro be pa.d on s~ch day, anyth~n3 ~n sa.d pro;n;sswy nore or ~r+ this tdorrgaqe ro rhe co+~nary not,v~lhl7ar~d.-~y. e+:d rh.•re~~,on or tr,~«~,f~~r a~ ihr o~,t,on of
sn.d MORTGAGEE, w~thc~t nor~.e or demand, su~t at law w in eq~ny, therefore o~ therca4rer brgun, rnay Le Nioaec~te~ as iF all monrys fecured hr~eby
rad marwcd pr~or ~o as inst~+~t~o~.
7. ihat in the event that at the begi~n~ng of or et any tsr»e pending any suil upon this Alortgage, or to 1o~etlose it, or fo re~orm it, or to enfcrce
~v.-ment ol an~ cfaims hereunder, said MURTGAGEE shall appfy to the Cour~ having ~u~~sd,ct~~n thereof (or the aF~ro~nur,ent o! a R~xe~~cr. s:,:h Cov~t sha~l
i~.~hw~fh app.~nt a rece~ver of sa~d mortyayed prooerty atl and sing~tar, in~:~ny a~i a~~d s~~~g„~ar ~1,e inco~.~e, proi,rs, ~ss::es a~d rr~e~:~c•s iron Nh.,tever
t:~~•ce derrved. each and every of wh:[h, ~r being pxpress:y understood, ~s hereby mortgagcd as if spec~f~ca~~y 1et forth aod desc:~bed ir, the gran`~~:g ar.d
habendum clavses hereof, and wch Recerver sha~1 heve all the broaJ and effecr:ve fun:t ons and powers ~n anyw~se emrusred by a Cu~•r to a kece~ver, a~d
s.ch appointment shait be made by svch Cou~t as an admiited eq+~ity snd a matter oF absoi~te ngM to sa~d MURJG~+GEE, and w.:h:ut rele~encr to the
ndequacy w~nadeq~acy of the vaive of ~he property mortgaged er to the so.ver.cy or ,nsoi.ency of aa~d MpRiC,AGOfi o+ the drt,~~.da+:ts, anJ ih.~t s"ch
rr,rs, NroGts, into~ne, issues and revenues shali be appi~ed by such Receiver accord~ng to the fien or equity of sa~d MUKTGRGEE and the pra:nce o( sucA
Covtt. .
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8. To d~ty, prompr!y and fully p~rfo~m, d~scharge, execute, ef4ect, complcre, comp~y w~rh and abide by each and every the stipu:anons, ag~ee~nents.
:onditions and covenants ~n sa~d promiasory note and ~A~• mortgage set fonn.
9. That in the event the ownersh~p of rhe mortgaged pren,~aes, or any part thereof, becomes vested in a pe.w~ other than the MORiG.4G^R, rhQ
4'~ATGAGfE, i~s svcceswrs and ass~gns, mey, wiThout nonce tq ~he MORTG~+OR, deal wrth svch successa or svccessor ~n ~nterest wnh reterence to th~s
~ o~~gage ar.d ihe d_•o~ herrby sec~red in tne same manner as w~fh r,~~,rg,,gor v,,~thout in any way v~~.afing or d~scharg~ng the Mor;gagors' I~ao~'~~ty h~re-
.~^der or upon the drpr hereby sewred. No sale of the Fre~~rses h~~reb; rr~o•tgaged and no fort~rarance en the part o+ tne /1~RiGAGEE or its f~.,ccessors
er ass:g~s and ~o ex+ers~on of the ti:ne for the paymero of the debt hercby secured g~ve~ by the l'.ORTGAGE~ o+ its successors ar ass.g.~s, a~.ail operate
ro re~easc, d~scharge, mad,fy changr or affect nc~ or~g~nal I~a~:;~ry of ~he N,ORfGAGOR here~n, either in vr?~o~e or in part.
10. k is spec~f~cauy ag~rrd thar time is of the essen~e of thts contract and rhar no waiver ol any ob :gar:on hereunder or o.' the obligaf;on sr
c red hereby SfiaL at any time thcreafter be he:d to be a wa~ver of the terms hercof or of the i~~strument sec~~ed htrby.
1 i. {n a;id t,e~ to the ioreqe ng ~nonth'y paymems of F~nnc pal and interest reqwred by the prom 55cry no~e s~;~•ed hi•rrb;, mo~tyayor covenanrs
e-;: agrees !o ;,ar ro ~^o't9~gee .vtn eacis :TOnrhiy pay~.,em ar, aco:~:ona( sum es• rareJ by mortyagee ~o be eqva~ to 1 72 of r(:e en:~:,ai cosr of the fouow-
A-A!I real ~roperty t~xas levied or assessed aga;•sst thc above describrd r~al esrate.
B Fr:•- „~,s on i:.~ and ,n~ndsto•m ~nsura•ce as i~ere~n •equ.red to be can~ed en the ,m,roveme~ts s:tuate on the above d_saiF;ed premises.
C-Pre:r.~~n s o~ such mo~t3aor guaranty icsura~ ce as mortgagre sna~t f~o,-, f ine to timr deem fit to carry on ~he loan sec•red he:eb;.
Mortga~re sha' `•o-r+ r,:ne fo +,me nonfy mor!yagcr in wrrt~n9 of the a~o.~t d:,e ar.d payabte here~ndr,~ and such su•.: sha;l thireupon be d~e aod
:~vab'e on thr d,,e d3!e of the ne~t monrhiy paymenr and each success~ve ~,o•~!h thrreafr_. ur:tel mortgagee shali not.fy morfg,3er of a change in such
- ~~unt. Such s~ n: sh~.. ~~e app ~ed by mo~tgagee to~ard tne payment of real p.operty roxes, insurence pre~r.~ums, a~d mo.ryage guaranry ~nswance
: •emiums.
IN~J1INE~~ WHEREOf rhe said MORTGAGOR has hereunto set h~s h~r:d ar.d seal rhe day and ar nt aforese~d.
~gned, Se~led and ~ n fhe pr nce of: r \
aIJ
(Sesl)
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ST:~TE OF fL A ~
~ ~~~+!r_oF ~ ____,St. Lucie ~ u-
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belwe me personally appeared _ ~_~t131d r102Y~021 - - - - - - - ~ snd ~
4 LU.~B 9elle CIOY~OI2 hif wift, to me we~f known a~~d 4nown to me ~o be
~~e ind,,,~duals descr~bed in and who eaewted th~ fwegoing instrurnent, and acknow~edged before me that they e:ecuted the same for the purposes
e~e~n expressed. And the sa~d_._-`_____ I.t118 $e~@ (i02'dOll
,,,fe as t?x - Re~inald Gordon _ . - -
uF;on a separ~te end p~~wta
e.am~na)lon by me ta'ten sepa~al. and apart from har sa~d husband, acknowiedged to and before me i6at she executed sa~d instru,nent fr~~y ar~ vown-
~e^~iy ~nd w thout iny compu~sion, co~sT.a~nt, apprehens.yry~ear o~ w from her i~id husbsnd.
WITNESS my hand end off~cial xsl this_ ~y_~---- - dey of____ em T D. 19__ ZQ i
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Notary Pub~i~ ~n and fpr th~ ~~e
My Comm~tsion expires:
Re:~:n To~ -H~ ~~r .~~Q ~ ~ ~ ra~
f,rtt Federsl Saving• 6 loan Assoc~et.on FILEO AND RE~Q IiAy Commiss1~~ion Eacpres Jan. 13, 1971 -
~ t'~° ST. LUCIE COUNTY. FIA. ~ ~!4~ ~ ~ G~ _
Fort G.r~ce. ;~or._f.i kECOR~ VERtFtEp rt.~,u~/~~~j . ]
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w ,~t^~,V. Y~/~ Y~
1:~~3 , 52 ~ f • ;o,
te ~y . - : 1 :y" -
This Instrument Prepared By J. D. ChBSL~~ ~`r rn ' • ~ ~ ~ ~ ti~` ~i~ ; :
First Federal Savrngs b loan Association ~ 7r . p, '
of Fort P~erce, Florida • ~a.,~:
~6'b:'~^~ :
ROGER i'OITFtAS ~ f ~:'~Orl ~ _
Checked By CI.FRK CIRCUIT COURT~ '•.,y~~,•,,
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0 R ry '.s:4~.4',,~„~~,a``?
600K ~S ( FAG~ 5~ pa
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