HomeMy WebLinkAbout0975 3. To p~ace and continuowly keep on the bw'dings ~ow o~ hereaFte~ ~ituats on said I~nd and on a~l equiFmeM and penonally covered by thia mwtg-
a~e, w~~h all ptem.~um3 ~heroon pa~d ~n 4ull, f~re insurance ~n tha usual sra~xlard poGCy iorm, in a sum epp~oved by the MOR(GAGfE, srrd windsrorm
inwrence in the vsuaf iianda.d po~~cy (orm, in e svm epproved by ~he MORTGAGEE, in such co:npany or compen~ei aa the MORiGAGEE may
direct; a~d all iire rnd w~nd~ronn insura~ce pol~c~es on any of sa~d build~ngs, any interest tlxrein ar pa~l tF.ercol, i~ Hx a99rega~e ium aioresaid a
in excess thereof, sAalt cw+ta~n the usual star.dard ma~gagee clauie o~ such o~he~ ctavse as the Moreqagre may ~equ,re, ma?mg ehe toss unJar sa,d poli-
des, each and every, payable ~o so~d MQR1GAGfE a~ ~ts int.rcil may appear, and each and every suth po:~cr ihell be pro~np~~y ass gncd and de~ivered to
any held by seid h10RlGAGEE as (u~~her secwity to aaid mwtqege debt, and, not le~s lhan ten (!Ol days in advance ot the eapiranon of each pobcy, to de-
I~ver 1o said MORiGAGEE a ~enrwal tl.ereof, toqefher with a rcteipf for Ihe premium of suth renewal; end ~heie shall t~~ no 1,re or w~~~ds~o~~~ inswance
plet~d on any of sa~d b~ild~„ys, any ir.terest there,n w parl thereoi, unless in the (o~m end w~~h the lose payoble as atoreseid; and ~n ttm event a~y aum
of money becomcs payable undrr svch policy w pol~cirs sa~d MORTGAGEf aha11 hsve rhe ope~on ro receivr e~,d apyly Ihr same on account o1 the indrbtrd-
nefs ~eGV~ed ht~nby or to permil ~aid MORTGAGOR$ lo reCeive a~xi uf! it or any pari the~eOf ioi o:hrr i:w{~oscs. .:,u~vu: th ur ~ti.:r+~ o~ n~~pau-
+ng any eqv~ty, I~en or ~igh1 ~nder or by virtue of ~h~s mort93p0; and in the event ~a.d MORTGAGORS sha!( for any reason faii to keop ~he sa~d premiir~ ~o
~~~sured, o~ (a1t ro de;ive~ prompNy any of seid pofcies ol insuren~e ~o •atd MORTGAGEE, or fa~! p:on,prly ~o pay fu~~y any p~c~~~,.,m there~ur o~ in any
respaa lail to perFo..n, dnchar~e, esecute, effect, comptete, comply wi~h and abide by this toven~nt, or a~y pen h~reof, s~~d MORI;,AGEE may piace a~~o
pay for wch insurance or any part thercof w~ihoul waiv~~~y~ or aiiect~n~ any oprion, lien, lquAy, n~ ,~3i~r under or b~ vutue ol th~s Mo~~gage, and the
i~ll a~nouN of each a~zd every such paymrm shall be ~m~nediately due and payab~e and shall bea~ iroerea~ Irom tho date thercof urad po~d at the rate o1
n~:~c pei centum ar.n~:n ond to~t•thc~ with wth iiver~sr sh~!~ br sa<wed by the lien o( this mortgag~.
4. To p~rmit, commit or sutier ~o wa~te, impairment a deterioration of aaid p~eperty or any part the+eof.
5. To pey afl end sing~far Ihe costs, charges •nd expenses, includmfl a reasonable attorney's (re and costs o~ abs~rac~s oi t~tle, inc~rrrd o~ paid at
eny time by sald MGRIGAG:E, ktecause or in the evcM of ihe failute oo the pa~t of ~he said MOkiGAGOR to duly, pranp!!y and (u~ly ;~erform, d~xh~rqe.
~xccure, eflett, ce~npltro, comply w~~h and ab.de by each and every the stip~lef~ons, sgreements, condinons, a~d cove~iants o} so~d pro~~~~ssory nore and th~s
~wrrgage any or e~rher, and sa!d costs, chsrg~s and expen~es, each and rvery, shatl be im~ned~ateiy dve ~nd payabfr; whrther or no~ ~hare be noT~ce dr
n~and, atte+~:pt to coll~t or suit pend~np; and the Ivtl amount ol each and e~e~y avch paymem shalV bear mteres~ from ~he date thercof un~ii pa~d at tiie
n~~e o~ n,~ic uer c~~~~~~-n ~.~r an~w n; onC at1 sa~d cosrs, chargei and uaprnsea ~neurred o~ pa:d, toge~hrr ~v.fh such intetest, shall be secured by the hen o1 th~a
mottya9e.
6. Tha~ (a) in ~hr eve~f of any breach o~ this Mortgage or defa~lt o~ tF~ part uf the MORTGAGOR, or ;bt in the evenf a~y o( sa:d sums of money
he~cin rei~~rrd to tx not pro~nptly and fully pa~d w{th~n th,rry (3U1 days next artcr the san~e sevcra'ly beton>e dur and payoble. without demand or nohte.
er (c) in ~hr eveM .~sch and e~ery tl~e stipv~a~ions, agreemeo~s, cond~tio~s and covenants of sa.d pro~+~issu~y notr a~~d ~i~~i n~ortg~ye any or e~rhr~ are no~
iuly, p~omptly ancl t~i~y pertormed, d:scharged, eaewred, eNected, cwnpleted, comp6ed wi~h and a6~ded Sy, ~hen m e~ther or any s~ch eve~f ~he fa~d aq-
~regate svm menr„~,ed ~n sa~d p~om;ssory nore then remaining unpa~d, wi~h intrrest acuued. a~d e~l neoneya secured herrby, shati beco~ne due and pay
ab:e fwthwrth, o~ ihcr~after, at the option of sa~d MORSGAGEE, as fully and complete!y as ~1 a11 uf the sa~d sun~s of money were or,ginally snpuiated
to be ~~d on s~eL_d~y. anyth~ng in sa.d pron~ssory note o~ in rhis Mortgaqe to 1he tonrra~y rtotwitF.st~nd;ng: and tharcupun o~ thereetter e1 the ophon o1
sa;d MORTGAGEE, w~rhr~~ ro+~ce or demand, su~t at taw or m equey, therefore or ~hereafter begun, may be prosecuted as ~t all moneys secured hereuy
n.~d matured pr~or to ns u,st~tunor~.
7. That in the even~ ~hat at the bcgi~ning of or at any time peod~ng any suif upon this Mo~tgage, or ?o foreclose +t, or to reform i~, or to enforca
eayment ot any cia~~ns here~nder, said MORTGAGEE shall apply to the Cou~~ havuig ~unsd.tt~on therrot fo• ~hr appo~ntm~m of a Stece~~er, such Court shall
fcrthwith appoint a rcce~.e~ of said mo%tgagrd prooerty all and singular, ind~d~ng all and sinqu,ar ff,e intonu, prot~ts, issues ar.d revenues }rom whatever
s~ „-ce der~ved. each and eYery oF wh,ch, ;r be~» g e~pressly ~nderztood, ia hereby moitgaged as if spec.fica~Iy set Sorih and desu~bed in the g~ant~ng and
h.~hrndum tia~see hereof, and wth Rece~ver shail have e~l ~he br~ad and effettive f~ntt,ons and powe~s m anywise entr~sted by a Cou~t to a Receiver, and
s.;h appointiner.t shaii ~ made by wch Court as an admitted equity and a nwtter of absolufe ~ight ro sa~d MOAiGAGEE, and w~~i~eu~ reference to the
r.~'.~~quacy or inadey~aty o+ Ihe value of the prope~ty mo~~gaged or to the so:vrncy or ,r.soivency of said MORiGACOit or the drtendanrs, and th~t svch
r~~•~!s, profits, incon~e, ~ssues and revenue~ ahall be app:~ed by s~ch Retelver accorduig to the {ien or equ~ty of said Id'JRTGAGEE ar.d tf~e proctice of such
Govrf.
8. To d~~y, prompHy and fully perform, d~scha~ge, execute, effect, complete, comply w:~h and abide by each and every the stipulations, agree~ner.ts,
conditions and covena~is ~n sa~d promissory note and this mortgaqe srt forth.
9. That in the event the o~rr~ership of the mortgaged premises, or any part 1FlfffOl, (JKOTtS vesTed in a per1on othtr than the MORTGAGOR, the
ti'C?R7GAGFE, ifs svccrsson ar~d 3ss~gns, may, withc~ut nohce to the MORiC,AOR, deal w~th such suctessor w successor in ~MCrest w~th reterence to Ihis
n'~`~t9dy@ a~+d ihe d-•oi h~~re;~y sewred in the sarne manner as v.,~h r.torrgagor w~fhout in any way vitlating or ~~scl,argiru~ ~he Mur~gogors' iiab~i~ty h~.r
:~~der or upon rhe dct+ t~~ ~.-i•, s.•a~rcd. No sa~e of the pre~n~ses hcreby mo.tgaged ar.d no forbearance on the pan ol th~ /.10R1(iAvEE ~r its successors
er ass~q~s a~d no exre~~s:on of ~he time (o+ the payment of the deb+ hercby secured qiven by the t1~URTGAGEE or iu wccessws or au:gns, si~all operate
ro release, d.scharge, mod~fy change or affect the orSg,nal tiao~l~ry of the MORTGAGOR here~n, e~ther i~ wAofe or in parr.
19. _It ~s sp~~c f~c~!ly aqreed that t~me is of the essence of this contract and that no waiver o! any ob~~gar~on hereunder or of the obl'gation sr
c~~red hereby sha~i at any time ~hereafter be hcid to be a waiver oP ihe lerms hereol or o} th:e instrument sec~red herby. -
11. In ;,id....n •o the forego ng ~nonth!v F'dY~"°~~s of p~inc pal and interest required by the prom sscry no~~ s~cured 'nerrb~, mortgagor covenants
.~nd agrees to pay Tr •,o•fgag._e ~n~th each munrh~y pay~.~em an add,nonai s~~m est~n,ared by mortgagee ro t~¢ equal to 1 12 ot ~;ie a,v~~ua! cos~ of the follow-
A-Ai! r~a~ ~•upert f taR~_s iev~e : or assessra agai•ist the above desuibed real estate.
B F:~ : s nn f~~e and w~~~,dsro•~-~ msurarce as herein requ;red to be car~~e~d on the :mproveme~ts tituate on ihc above described premises.
C- Pren ~u~~a e~ s~ch mo: t~ ,gr gua~anty ir.wrar.ce as mortgagee shali 1rom, t me to nme deem fi~ ro carcy on the loan sec~red hereby.
Morrgagee s' 'rom r,mr ro +~:.:e ner~fy mortg3ger in writ~~g o~ the a.-~ou~f d~e and payable hereundar and such a~~~n ;hai! thereupon be due and
r.jyabfe on ~he cl~e date of the n~vt momhiy payment and each successive month !hereafter ur.til mortgagee shall not:fy mo•tyagor of a change in s~ch
+:ount. $uch sums sha"I be ap~~!ird 6y morrgag:e toward the payment of reat p~operry raxes, ins~rance prem:ur»s. and mortyage guaranty insurente
n•emiums. ,~,~NNIIiUr?i~~
~Y~W~fN~A'~I- 4Aj~ the sa+d h10RTGAvOR has tiereunro set his hand and scal the day and y r fint atoresa~d.
~`~~~•S1~ i~r~ in the pres o/: , •
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r. s ' - . ere~
- _ ~ ~ (Se.~)
• ' / , p~i~.[ _.1_~
' i : : ~ ~-Ra ryn a - cs~p
• ~`~ti : ~`s"q
sr,aT~. ~ ~LVANIA
,
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rOU, - - -1 _ _ ~
s~iwe er p.no~tty a~ea.ed ~ _ _ Louic K Peleira • end
Kathzyn Pereira r,~s wfie, to me weil known and known to me ro be
••ha ind;viduals descr~bed in and who executed the faeye~ry instrument, ~nd acknow{edped before me that tF~sy exccuted the sarrk ior the purposes
ihe.ein expressed. And the •a~d___ Kathryn Pereira
~~fe of the sa~d ~u15 Pereir~ . separata and priv~ts
e.am~oat~on by me taien separate and apart IfQT her sa~d husband, acknowfedged ~o and beforp rne that she executed said instrument freely and voluo-
~a~~,y and w.~ho~t sny compu;s~on, constra+nr, appre ens~ fear oi or from her said husband.
WITNESS my hand and off;c:al seal thls__. _ day of SQ tQIDb Y A. D. 19 7O
N ar Publtc in and for t tare of fiai~a• at lar~e
M mmission .xp;~e:: Pennsy2vania
Return To:
First Federal $av;~g~ d loan Associaho~ ~
~r L1oMlsaloe E~tqr~r OCL 191 l `
or ic,r P ~-•cr. :
Fo,~ P~r~ce Ficr,.,.~ ~ FII:ED''~?N~ RfCORD~,E~A: :
ST. lUC1E COUNTY.
' . `~F~~~19~(3(~2
This Instrumer.t Prepared By J• C~astain
First Federal Sav+ngs ~ Loan Association ~7Q SEP 28 Os
of Fort ?ierce ~ F lorida
Checked BY _ ~ ~,r'~,~
F:OGER rW~RAS
CLERK CtRCU1T COURT~ ~
eoo~ 1$7 ~ncE 9`~ ~
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~ $ . ~ _ ~v~