HomeMy WebLinkAbout0656 3. To•place and cont~nuously kcep on the bui'dmgs now or hereaiter ~~tuate on sa~d land and on all eqv~pmeN and persona~~y co.rred by this mortg•
dga, with •11 premiums tAr~ton pa~d in full, fue insu~an:e m the us~al fta~xlard pc~icy lo~m, in a svm a~~proved by the h1UR~G~GEE, a~~d w~•~dato~m
insursnce i~ the us~al standa.d pof,cy tor~n, in a sum approved by ~he A~ORTGAGEE, in s~ch con,pen~• a~ c...,.~.;..:::; the ~+nR1~,AGEE may
d~red; •nd ail lire and w~rxiato~m insurance polic~es o~ any o( seld buifd~ngs, any interest the~ein or part thercof, in the aggrcga~e wm aloresaid or
in •xcess Ihereof, tMli contam the ~fua! stanJa~d morrgagee dause w such o~her claufe as 1he Mo~igayee may requ~re, maling ~he ~oas ~ndr~ s,~d poli-
t~es, each and every, payable ro sa~d MORTGAGEE a~ ns i~~erest may appea~, and each and every such pol~cy shalt tx promprty ass y~~ed a~ d de~~v..~red +o
•~y hrld by said MOR~GAGfE as iu~ther security to ssid mortgage debt, and, na! !e?s than ~en 1101 daya in ad~ance of the exp~rehon of each pol~cy, to dr
Irver to taid MORTGAGEE e~en~wal thereof, fo9ethe~ with • rrce~pt tor the p~emium o} wth renc~~a~; and there shall br iw f~re o. ~~~~~ds+o~~n I~s~ran:e
plated o~ •ny of said b~ifdings, eny imcre3l Iherein or part thereof, untess in the form and w~th IF.e loss payrb:r as aforeseid; and in the evcnt uny sum
of money txcomes payable unde~ wch policy a polecies ~aid MORiGAGEE shall heve ~hr oprpn to receive .an:! apE>ly the sa~ne on accuu~~f ot ihe inJct~t~~d-
nesa fewred hereby a to perm~f sa~d MORTGAGORS t0 receive and use i~ or any part ~hereof for ori~•:• F:u~~ csrs. .,~~+,;,:t r1~~~.uf
_.!..~r• %v F..~ vt.~•~. of this eno:!oaoe; and in Ihe event sa~d MORTGAGORS shall for any rcason fail to krep ehe sa~d p~emis•~s so
insurcd, pt (ail !o deliver prpnplly any of said po6des of insurance to said MOPIGAGEE, or (ad prompNy to pay fuily any ~sre~n~~m thirrfor a~ in a•~y
re~pect fail to per(orm, dncharge, eaecute, efiect, comp?ete, comply wi~h and abide by fhls tovenan?, w any pert h~reof, sa.d MvRivqGEE may piacr a•~o i
pey ~w tuch insurance or ~ny part thereoi w~~hou1 waivin9 or affecting any ap~~on, lien, equ~~y, or ngM under a b~ v~rwe ol eh~s Mortgage, a~d ihe
full amount of each and e.ery such paymem shell be immediately due end payable and tha(1 bear inter~st irom rha date tl~crco! un~~! p~~d at fhe rare ol
~~~u per tentum per arinum and rogeth?r with such interes? shal{ be sec~red by the lien ol this mort9a~e.
1. To permit, commit or su((e~ no waste, impairment or deterioration of said property a any par: the~eof.
5. To pey ~II and singular the costs, tharges and expenses, including s reasonable at~orneyb fee and cos~s of absaaas o( titie, inruned or pa~d a+
eny time by said MORTGAG;E, becauae or in the eve~t of the fa;ture on the part o( ~he said MURTGACsOR to d~ly, pron~ptly and lv~iy ~~r~for~n, d~acha:ge
eaetute, elfect, complete, compty w~th and ab;de by each ard every the st~pulae~ons, agreen,ents, condinons, and covena~~ts o( s~~d p~o:~usio.y note a~~d fh~~
,,ortgage any w ei+her, ond sa.d cos~s, chaiges a~xl expenses, each and every, shall be immed~ately due and payab'e; wnc~her o. no~ fhc~e be nae~ce d_~
mand, attempr to mftect or tuit pend:ng; ar~d the lu11 airwunl of eath and eve~y svch payment ahall brar interost }~om ihe date thercol ~mil pa~d at ~he
<<~fe o~ n~ne pe~ crntum per ann~:n; and all sald costs, tharges and exre~»es incu~ted or paid, toyelh~r w~th such interrst, sha~l be srwred by the ~ien of Ih~~
martgage.
b. That (a) in the event of any b~each of this Mortgaqe or defaulr on the pa.t of the MORTGAGOR, or ;b7 in the rvent a~y of sa'd sums of money
h~~rein reler~rd to be no1 promptly and fully pe~d wifhin ih~rty (3U) da~•s nert aftrr ~he sa~ne se~era!iy becanr d~e and payabte, w~thout dema„d or not~cc,
~r ic) in thr evenl each and every the sfiputat~ons, ag~eements, cond~slons and co~enants of fa.d promissury nore and fh:s rnortqage a~y or e~ther are no}
lv:v. promptly and futly perfwmed, d•scharged, executed, eifeceed, completed, compl~ed with and ab~ded `ay, fhen in e•ther w any s~ch evem the sa~d ag
a~egate sum ment~oned in said promissory ~~ate then remaming u~pa~d, with interest accr~ed, and atl meneys secured hrreby, shafl beco~ne d~e and pay~
ab:e to~thw~th, or thereafter, et the op~ion o! sa~d A10RIGAGEE, as iu~ly and completely as if all o( ~h~ sa~d s~ms of mpney wcre or~gu~ally s~~p~:atcd
to be pa:d on svcn day, onyii.i~~y in aa,u p~c:-i::~: ~ e~._ :ti:. M~.~~.~.+ ~he contrary notwithstand~ng; and thereu{~on or thrrealre~ a~ the opno~ of
sa.d MORTGAGEE, v~~tho~t oo~ite or ~mand, su~t at law w in equ~ty, therefore or therealter begun, may be prosec~ted as if a!1 moneys sec~ied he.eby
nad matured pr~or to ~ts ~nitituhon.
7. That in the e.•ent that at the beginn~ng of or at any time pending any suit upon this Mo~tgage, or to forectose it, or to reform it, or to enforce
payme~t of any cia~ms 1:e+eunder, sa~d MORTGAGEE ahall app~y to the Court having ~ur~sd~aion fhereof for the appomtmem of • Receiver, such Covrr sha~!
fonhwith appo~nf a r~eiver of said mortgagcd prooerty ali and singular, inclvd~ng ail and aingu~ar the income, prof~ts, is:ues and reven~es fro~n whyte~er
source drr~ved, each and every of whrch, it being expressly unders~ood, is hereby mortgaged as ~f spec~fically set fwth and deicnt~ed in the gram,nq a~~d
t~a'xnd~m ciauses hereo~, and such Receiver shatl have aN the broad and effectlve funct~o,is and powers in anyw~se ent~usred by a Co~rt ro a Rece~ver, a>>d
:~.ch appointment shall br made by such Cou~t as an admitted rquity and a maner of absolute right to said MORIGAGEE, and w~thoW reierence to the
edequaq w inadequacy of the value oi the prope~ty mor~gaged or to the so~vency or ~nSOiveMy o1 said MORfGAGOR or the defenda~rs, and that svcR
renes, profits, intome, +ssus and revenues sha~l be appl~ed by such Receiver accordu~g ~o tF,e lifn w equity ot sa~d MORiGAGE: and fhe prachce of wch
Courf.
B. To dulx promptty and fully perform, discharqe, execute, effect, complete, comply wi+h and abide by each and every the stipviations, agr~;ments,
conditions a~d.~ovensnrs ;n sa+d prom;uory note and this mortgage set forth.
9. That i~ the evem the ownership of ihe mortgaged pren,~ses, or any part thercot, becomes vested in a person other fhan ihe MORTGAGOR, the
h1.~RTGAGEE, i~s succcssors and assigns, may, without ~ohce to the MORTGApR, deal with wch wccessw or successo! in interest wieh rrference to th~s
r-,o-rgage and rhe drbr hereby secur~ irt the ~ame manner as w;~h Morigago. w,fhout in any way vitdating or d~scha~ging the 1.1or~gagor= Gab~~~ty here-
under o~ upon t~e debt hereby secured. No sale of the premises hereby mortgaged and no forbearante on the parl of the MORiGAGEE or it= s~tcrsson
or ass~gna and no rxtension of the hme fw the payment of the debt hereby secvred given by rhe MORTGAGEE or its svccessors o~ ass:gns, ai~al! opera!e
to reieasr, dscharge, modify change w affect the orig,nal I;ab,{uy of the A10RTGAGOR herein, eiTher in whoie or in pa~t.
10. It is spec:f~cally agreed that time is of the essence of th~s contract and that no waiver of any obt~ganon hereunder or of ~he ob!igation se-
c~.ed hereby shal~ at any time ~hereaf~er be held to be s wa~ver of the terms hereof w of the instrumem secured ~erby.
I1. In add~t,o~ to the forego~ng month+y paymenis of princ~pai and intereit requ~red by the prom•sscry no'e sccv~ed he~.ebr, morty.~gor covenants
~^d agrees *e ~y ~~e•tgagee with each monfh y paya~ent an add~:iona~ s~m rs+•~>>ated by mor~9agee to be eyuat to 1 12 of ti~~• a~~:~ual cost of the fpilowr-
~r3:
A-Alt .eal property ta:es levied w as:eased agai~,st the above descrbcd real estate.
8 Fr~~~~ ~u on f~re and windstorm ~nwrarce as he~ein requued to be ca~ried on thr ~m;;~oveme~ts srt~ate on the above desa~bcd premises.
C-Prem~~~• s o~ wch mortgage guaranty ir.surar ~e as mortgagee sha~l }rom t me to nme deem fit to carry on the loan sec~+ed here6~.
Mortgagee sha !'rom nme to hn;e no~~f: mortgagor ~n w:e~ng af the a~noum d~e and payable hereundrr end such su~n ihall there~po~ be due and
,+~able on !he d~e oa~e of thr ncxt month;y paym~nt and each s~ctessive month ihereafter ~r,)i! morigagea sha!! not;fy murly~go~ Cf a chanye in such
ount. Such sums s~a ' be apniied by morrgagee roward the payment of rea~ property taxes, i~suran~e prem.~ms, and mor;gage g~aranty insurance
.~:'emiumi. ~
tN WiTtVEjS +ti'NEREOF. rrte sa~d MORTGAGOR has he~euroo set his hand and seal the d a year int aforesaid.
Si9n d, Se~led and d live.ed i~ the presence of: f'LE~ AN~ REC~~~ `
~ ~ ST, I.UCIE COUNTY. ~ ~ ---ts~•~~
- - f~iECC~Rf~ ~l~tZtt`IE ~j ' (Sea~)
1 ~b812 ~~A~.1~` i ~ / LJ~`^^"~ ($eal)
i
±_~r^,TE OF FIORIDA ` '70 SEP 23 AM ~7 • 43 `~,t'
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$t • L.UC 1@ _ .
:JUN?Y OF _ - -
8elae me personally appeared - R~ T 111D and
_ FldTt hia wite, to me well known and k~own fo me to be
rhe individwls described in and wFw eaec~ted the foregoing instrument, and acknowfedged before me that they ezecut~d the same fo~ the purposes
therei~ expressed. And the .a~d Francas d~Gt1~~1 . _
+.+fe of the said .)O}1Cf O•Guin upon a separare and pr~wre
e•am~nar~on by me taken upar~te and apart fro:n her said husband, acknowl~ged to and before me that she eaecuted said mstr~ment free~y and vo~um
~arJ~ and w,rhout any compu;s~on, constraint, apprehcns~on, or fear of or 4~om her s~sid husband.
W1iWES5 my hand and offiaal xal this_.~_~~____ dsy of e t@~b r A. 0. 191~
Ilotary Public (n •n~r the $tdi~
o~
f F{pr~da at L~r~
My Comm~ssiwt expires:
Return To: ~ ,,,~•~N~~~It~r-,
First feder~. $dvi f 3 loan Associat;on ~`~1~ ~ f~Qjj10~
~ ~ • ~ 61~OiARf
or ~r Pe:ce ,~~~C~,Z.• `••.,..'~~v~ISStaN EXFIREg SE AT ~E
fort P~trct. F!o•~di '
; , ~-'•lSrJ • fD ~FfRU FRFO W, OIESiEL1
~t 197= .
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This Instrument Prepared By Jas~s D. ~i ~ f ip G'. -~''~t ~L
F~rst Fede~al Savings b loan Association `~L; Q': '
of Fo~t Pierce , Rlorida ~'•.,'<<i
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Checked ey ..~~~~?~~:~~~N~~~`~~
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BOOX~~~ PAGE ~~W
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