HomeMy WebLinkAbout0658 3. To piece end contin~ously keep on fhe bu~!d~ngs now o~ hereefter ~Ltuete on sa~d land and on all equip~.~em and personally covered by tht• mong•
nc~e, w~1h all prem~wns thrreon pad in full, firc insvrs~ue in the utual stan:lud po~ity ~orm, in a sum approved by 1he MvR1~,:~GEE, and w~nJs~urm
.r.s~rance in Ihe usual ~tandard poLCy form, in a svm app~o.rd by the A10RiGAGEE, in such company or comF~an~es as ~he h50RiGAGEE may
d~rKa; nnd all fi~e end w~nd~wrm inaurance poGc~cs on any ol sa~d buitd~ngs, any in?erea~ tFe~ein or part ehcrcol, in the npe~~egarr wm ato.esa~d oi
+n eacesa thereoi, •hall contai~ the usvel ~~a+,dard enargagee ciause or su<h o~he~ cliuse as ~he Mo~lysyee may rryu~ro. making ~he toss ~nder s.~~d poli-
c:es, eacA and everY. Pa~'able ~o ~e~d h1pRTGAGEE as ~N int~rrsl mey appear, •nd each and eve~y such po!~cy ihall br prom~,tiy au g~~ed a~~d dul„-~~red ~o
eny held by said k~ORIGAG:E as (unher secwity to ~aid mo~tgage debr, and, not leas than ren (103 days in J(J~d~1C0 0! the e¦pvahon of c.,ch pohcy, to de-
I~.n to aeid MORiGAGEE a rencwal thertof, together with a rtteip~ for the prem~um oi wth ren~wal; a~~d ~here ahall bc ~w Lre or v,~~~~isiwm insurer.ce
placcd on any of sa~d buildingt, any intcrett thcre~n o~ parl ~herro(, unleas in ~he (orm and wnh ~he losa payabte as afomsa~d; and in ehe evertt any wm
of money becomes peyable under such pol;ty or pot~cies said MORTGAGEE ahall have tha opt~on to ~cv;vr a~~d ap~,:y tl~e s.,~~~e on a<covm of ~he i~~Jvbt~•d~
nrss secured hereby or ~o penn~t said MORTGAGORS to receive and ~se it w any part tMe~eol fcr ori~•~r i:u~; ~~~~s. .„u,,,,t fh ,L..,.. ~ ,
~nq eay cquAy, I~cn o? r~gh~ under w by vir~ue ef Ihis mu:'gage; a~d m the event sa~d MOR~GAGQR$ she!1 !or ar.y rrason fail fo k~•cp the sa~d prc~n~s: s so
,nsvr~d, Or lail t0 delive+ p~Omplly any 01 Said poLciH Of insuran(e t0 sa~d MORTGAGEE, Or fa~~ p:un~Htty io i,ay lu:,y ~ny ~:r~• th• r~~for or in a•~y
respect lail to per{orm, d~scherge, execute, effecl, complete, comply with snd ab~db by ~his cove~~ant, or eny p.~re hcreof, s•~~d MVkI;',AGlE ~~~ay ~,;ace a~e
pay for auch irtsu~ence oi eny part thereoi without waiving or a1(ecNng a~r opt~on, G~n, equdy, or nght ~nder or hy v~~rue ol ~h~s A1or~g,,q~, and the
4~,H amouM ol eacA and e.ery such payment shall be immediately d~e and payab~e s~d shall bear infe~rat from tha dare the~cof umd N.,~d at the iate o1
,e prr centum ~r annum and ro~ethcr wirh such ~nterost shaf+ tx srcurec! by Ihe lieq of this mortgaye.
To permit, commit or suI(er no wasfe, impaimtenT or detenorotion of said propcrty or any part thereof_
S. To psy eU and s~ngllar ~he cos~s, thargrs a~~d ea}xnses. ~ncluding a reasonable ~trosneyb (ee and cosis of alstr..cts o1 ht'e, inwrred or pa~d at
any timc by said MORIGAG`.E, because o~ in the eveM of the fa~lure on Ihe part of the sa~d MORiGA(iOR to du~y, pio ~~pily a~~d fu ly prrform, d~s~ha~ge
c~ecu~e. et(ect, can~tete. co~nF„~ ~z,tls and ab:tk by each and every rhe stipu:ations, agreemenfa, conJ~ho.u, and co~e~~o~~~s oi s~~~d p~o~~.~,~~~y nete nnd th,s
nortgage any or e~ther, and sad costa, cha~ges and expensos, each and every, ~hall be imn~edwtely d~e and payab!r; wha~rher o~ ~ot the.e !~e nor~ce d--
^~and, attempt to collect or suit pend~ng; ane! the ful~ a~nouM ot each and e~ery svch paymrnt she11 bea~ mr,•res~ lror~ Ihe date the.eol unti; peid at the
~.-e u! n~ne pC~ tentum ~+v~ ~1~L~~•:h; 3n4 all said costs, charges and cxr~na~s +rKUrred Or paid, Ic~g~Iher wdh wth mter~~t, shall be sr~urrd by the I~en of ~h~1
mort~ege.
b. That ja) in the event of any breach of Ihis A~ortgage or drfauii on tlx part of the M.ORiG/IGOR, o~ ;b) ~n thc evcnt any o~ ea d sum~ of monzy
h•re+n referred !o bc not pranp+)y and fu~~>' pa~d within ih,rty t301 days ne.t attrr thc sa~n. sevcra::y ieco~ne due and pa~eb!e, w~thou~ dc~~~a~~d o~ not~o.,
_ r~c) in the evem each and eve.y the snpulahons, agreements, conJ~tion; and co.enants ot se d pronusw~y nctc a~~d th,~ murrgaye any or e~ther are not
1vb~, p~anptiy anV lully perfoc~ned, d schargcd, e~cecuted, effrcted compieted, comp~,ed wnh and ab~ded 5y, ~hen in eaher o~ any such evero 1he said ag
a'~~ga'e wm ment~oned in ia~d pron+~ss~ry nute then remaining unpa~d, w~tn mtere,t accrucd, end e:l moneys xcvred hereby, she~l tn:i•~ne due and pay
.~b e forthw~th, or rhereafter, et the op+~on of sa~d MORTGAGEE, a~ fuily a~x! completc~Y as ii ait of the sa~d svms of money wc+e o~~g~na:ly st~pvfated
r, be pa.d on such d.:y, anythmq ~n s~.d pro~n~ssory ~ote or in this Mortgaye to the cont.ary net~vithstand~ng; aud ~hrreupon or lhcrraSter a~ ~he op~~on of
s.~ d MORTGAGEE, w~ti,o~t r.ot~ce or de~nand, suit at law or in eqwty, therefwe or therealte~ begun, may be prosecuted as ~f aIl ~noneys secured hereby
n~d n~stured pnor ~o ~ts ~~strt~tian.
7. 7hat in Ihe event tha? at thr bryimm~g of or at a~y time pending any su;t upo~ this ~Aortgage, or to ioreclose it, or to rr~o~m it, or ro en(orce
{'~vmt111 O~ dhy Cldunt ~0~lJndC~, Sd~tj MV~~VNV[[ sheii a~~N+y Tu th~ ~Ourt h3vin ~5~.:!:C^ !tig p..~!.n,•nr p4 w Rrr~we~; iuch Court Shei{
~ 1:::,
tc•~thwirh eppoiM a receiver O} said mortgag~~d prpoerty aN and singular, ;nclvd,ny aiid s~ngolar tht incon:e, prol~ts, ~ssues and reve~wes Irom wh:tever
seurce derived, each and every of wh~ch, ~t be~ny express~y unde~stood, is hereby mor~gaged as if sp~c~ficaily set forth and deacr~trrd :n ~he g~ann~,g a«d
h+bend~m clauses hereof, and suth Receive~ shalt have all the b•oad and effective funct~ons an~f powers in anyw~sr entr~sted by a Cou~t to a Recr~~er, a~~d
s.ih eppointment shall be made by such Cou.~ as an admitted equity and a matter o( absoiute nght to said MQRiGAGEE, a~d w~thout reler~~nce to 1he
edeyuacy w inadequacy of the vaiue of ~he property mortgaged or to the so:vrncy o~ insoivrncy ol sa~d MORiGAGOR or the defe~~de~rs, a•~d rh,t such
revs. prol~ts, mcarx, issues arxl reven~es sha17 be apptied hy svch Receivei saord~ng fo ~he lien or equity of sa,d MORTG:~GEE and the precnce of such
COVf1.
8. To duty, promptly and fully p~rform, discharge, execute, eNec~, complMe, comply wi~h and ab~de by each and eve~y the stipu~ations, a~reemcros.
:.:ndltions and covenents in sa~d promissory nou and t:~:s murtgage set fwrh.
4. That in the event the ownershiv of the mo~rgaged pren„ses, or any part thereof, betomes vested in a person othe~ than the MORTGAGOR, the
R?GAGEE. its succe3son and ass~gns. may, wiihout nonce to tne MORiGAOR, deal w~t!~ s~ch wccessor w wccessor in interest wuh re~rrence to ~h~s
.•~gage and thr debt hereby secured in the same manner as with Mortgagor wrthout in any way vir,ating or d~scha~g~ng the hlortgagors' ~iabet,ty F,ere-
:•~de~ a upo~ the debt hereby secured. Ne saie of the Fren,~ses hereby mortgaged and no torbearance on the part ef the /AORTIiAGEE or irs s.,ccesso+s
c- ass~gns and no exser.slon of the t~me for the payment of the debt he~cby secured given by the MORTGAGEE o~ Its successors or ass~gns, a(~all operare
ro re~eese, d~scharqc, mxi,ly ~hange o~ alfect fhe ong~nal I;a'v.lrty of the MORTvAGOR here~n, either in whole or in parl.
1D. It ~s s~+c~c.f,catly aereed fhat t~me is of the ea:ence of this contract and that no waiver of any ob~~gat~on hereunder or of the obligation se-
c~red hereby sha;t af any hme thereafter be heid to be a wa+ver of the te~ms hereof or o1 the instr~ment secured he~by.
11. In add !o fhe iorege ~,g monfh:Y pdYm_^ti ot prlr.c pat and intrresf requ~~ed by the prom sscry no~c s~cu.ed hc+~~b~. mortyagor co~enanr
~ agrees tu pay ro :~o-tgagee x:th each monrh~y p~~r,,e~~t an add~nonal sum est~mated by mortgagee to be eqvai to 1, 12 of t;~e annuat cost of the foliow-
„y
A-All real preperiy taars lev~ed ar assessed againv tne above described real es~ate.
B-Frcr..:,;:,,s on }ire and w~redsto~m ~ns~ra~-ce as here~n req~;red to be canfed on the ~mprov~me:its s~tuafe an the above desu~bed premises.
C-Premw+r•s u? wch mori9age guara~ty insurar.ce as mortgagee shail from t me to time deem fit to carry on the (oan secured hereby.
M1lorTgagee sti~ !'.om time ro t,me notify mertgagor in wr;t~ng of the amount dve and payable here~ndrr and such svrn shail there~pon be d~e and
~,3b~e on the o~e date of the neat month.y paymem and each successive n,on~h rhereairer ur.ti{ morigagee shatl not:fy mortgagor of a change in s~ch
~~:,nt. Such sums s~a.l ~ appi,rd by mwtgagee toward the payment of rtal p~openy taaes, insuranie p~em.~ms, a~~d mortyage guaranty insurance
~ ^wms.
~N Y~tTtvE~S 1~HEREOF. rhe said IAORTGAGpQ has here~nto set 6is hand and seat the day and year first aforesaid.
~5+ ned. Sealed and d"vered in the presence o!: ~~'2 ~t /~~G~e/~7
~j C !
i~ - , 4 (Sea1)
- (Seal)
- - ~ ~LlL~L (Seal)
- l5eall
47E QF FL9R1_OA
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SS. _ _ - - - '
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_ JUNTY Of St • L12C1Q ~
Befwe me personatty appeared .~O}Ifl ~Vl$ _ s~
_ i- FY~Tlkle ~ViB his w;ia to me wetl known and known to me to be
~~.e ind,v~dwls descr~brd ~n ~nd who exx.rted the foreyoing instrument, and acknowledged befo:e me that they executed the same fw the purposes
~he~e~n eapresszd. And the said____ r'1aI1~C~@ j.• ~dV1$
John H Davis ~ ~ ^
n~e of the aaid _ • ~r,
~•e-nma~~an b mr raken se arate and a~ • s~''~' i~~le ~~oun-
Y p part fram her sa~d hu~band, atknowledged to and beiore me thrf she ex ~r.~~
ra•~:y ar,d wahout any COm~uiLOl1, COr.31~dillf, apprehe~s~on, a fesr of w from ner said husband. `„~~'~"ti-
at.,.- t
WITNESS my hand a~d off~c~al seal thia_ day of Sept~f~:~.':.7~,aur-~~~ ~ _
~A. ~D~ 19-ZQ
/ ~ ~~0~~
1~tl ~w ~
Noesry Qublk M and f~l±T F~o
'e~da~ i1: lar~e
My Commiaan e:pir ' v > `'J '
Ret~•n To~ • . ~A~A~-jt ~
, C q••~
Fi~s~ federal Savinqs 8 loan Assoc~at,on ~~a.G~ AN~~REC 7~;r+~~
r.~ra* i
P~~« ST. LUCIE COUNTY, F '~'~`,r }
w
Fon D~erce, i:~,;di F1~C~R~J V~R~~~~O
~~~g~3 ~ , 9~~,s..
'l0 SEP 2 3 AM 9:~I ~
This Instrument Prepared 8y R~ChaZd K. Kay6s
First Fede~at Sav~ngs b Loan Association ~~1~
of Fort P~erce ~ Rlorida ~OGER i'pITRA
Checked By ~ ~ CLERK CIRCUIT COURTj
BOOK ~O~ PJIGE
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