HomeMy WebLinkAbout1398 3. To place and to+~tinuously kecp on the buildings now w hereafter situefe on said land and on al! equipmrnt nnd personnlly covered by Ihis mwtg-
age, with all premiums thereon pa~d io (ull, fire insurance in the usual standard poficy fo~m, in a sum approved by the MOR~GAGEE, a~:d w;ndstorm
insureoce in the usual standard poGcy form, in a sum approved by ihe MORTGAGEE, in such tanpany or tompanies as the MORTGAGEE may
directj and all fire end windstorm insurance policies on any of said build~ngs, **y interest therein or part ~hrreof, in the aggrega~e s~m aioresaid or
in exce~s thereo(, shal~ contain ~he u~ual standard mortyagee clause or sueh o~her clauae as thQ Mortgagee may requ~re, making the toss under sa~d poli.
cies, eath and every, payabte to said AIIORTGAGEE as its interest mey appear, and each and eve~y such poL~y shall be promYtty ass gned a~~d detivered ~o
•ny held by said MORTGAGEE as (urther security to said ~~orlgage debt, and, nol less than Ien {)Ol days in advance of the expirat~on ot each policy, to de-
live~ to said MORiGAGEE a renewal thereof, together with a receipt for the premium of such renewai; and there shaN be no f~re or w~:~dsto~~n ins~rance
placed on a~y of said build;ngs, any inte~est therein o~ part ehereoF, unless i~ fhe form and with the ~oss payable as aforesaid; and in the eveM any ium
of money becomes payable under such policy or pol~cies sa~d MORTGAGEE ahall have the opt~on to rece~ve and apply the sa~ne on accou~~t of the indebted-
ness secured hereby a to permit said MORTGAGORS tu receive and use it or any pa~t thereof io. otnrr purf~oses, .~.;~ho„t fh_., u; w.:i~~ y o. m,p„~~-
~ng any equity, lien o~ right u~de~ w by virtus of ihis mo:!gage; and in the evenl sa~d MORTGAGORS shall for any ?easo~ fail to kcep the sa~d prem~ses so
insu.ed, a fail fo deliver promptly a~y ol said policies of insuronce to said MORTGAGEE, or fail prom~tly to pay fuity any pre~niurn therefor o~ in ar.Y
respect fail to perlam, discbarge, exxute, ellet~, complete, comply with and abide by this cove~am, or a~y par~ hrreoi, sald MGRiG<1GEE ~~~ay piace a,t1
pay fw such ins~rance or any part thereoi without waiving or affecting any option, lien, equity, or right under or by v~rtue of ihis hlortgage, and ~he
f~ll amoun+ of each and every such payrrKM shall be immedfateiy due and pnyable and shall bear interes~ from the date thereof until p~ld at ihe rate ol
nine per centum per annum and to~ether with such interest shall be tetured by ihe lien of this mwtgage.
1. To permit, commit p suffe~ no waste, impairment or deterioration of said property or any part thereof.
S. To pay all snd singular the costs, charges and expe~ses, induding a reasonable attorney's tee and costs of a6strads of tit(e, incurr~d or paid at
any time by said MORTGAGfE, because or in the event of the fa~lure on Ihe part of the said h10RTGAGOR to du~y. prompily and futly p~rform, d~scharge.
executa, elfecl, complete, comply w~th a~d ab;ae by each and every the stipulat~ons, agreemrnts, conditions, and covenan~s oi sald p~o~~,[ssor,r note and ~hls
mwtgage any or eiiher, and aa~d costs, cha~ges and expensrs, each end every, shaN be immediate~y due ar~d payab:e; whether or no~ fhare be nonce da
mand, atrempt to collect or suit pend~ng; and the full amount of each and every such payment shall bea. inecrest from the date thereol ~nril paid a1 ~he
~are of nine per centum per annurn; and all said costs, charges and expenses incurred or paid, together w~th such fnterest, shail be secured by the I~en of th:~
mortgage.
6. That (a) in !he eve~t of any breach of this Mortgage or defaul~ on the part of the MORTGAGOR, or (b) in the event any o( sa;d sums of rr.oney
herein referred to be no~ pranptly and fulty paid within th~rty (30; days ~ex~ after the same sr+era:ly beco~ne due and pa~able, wiihout demand or not~ce,
or (c) in the event each and every the stipulations, agre_ments, condrr:ons and covenams of sa.d promissory note and ih~s mo~tgage any or either are not
~uly, p~omptly and fully performed, d~xharged, ezecuted, eifected, completed, compl~ed w~th and ab~ded Sy, thrn in e~ther o~ any svch event the sa~d ag,
~regate sum menYwned in said promisswy note then remaining unpa~d, with inte~est accrued, and at; rrw,~eys secured hereby, Shall bCCUmF due and pay-
able lorthwi!h, a therea(ter, at the option of said MORTGAl3EE, as fully and complerely as if all of the said sums of money were onginal~y shpu:ated
ro be pr.Ed on such day, anything in sa:d promissory oote or in this Mortgage to the contrary notw~thstand~ng; and thereupon or ihrreaftr~ af the op~~un oi
said MORTGAGEE, wirhout notice or demand, suit at law o? in equity, the+elore or lherealter begun, may be prosecuted aa if elt moneys secured hereby
nad matured pnpr to ~ts instituhon. •
7. That in the event that at the beginning of or a1 any time pending any suit upon this Mortgage, or to forMlose it, or to reform it, or to enforce
payment of any claims hereunder, said MORTGAGEE shaN appiy to the Courf having jurrsd,ction thereo~ for the appo~mmenl of a Receiver, such Court shail
torthwirh appoiM a receiver of said mortgaged prooerty all and singular, includ~ng all and s~ng~iar the mwme, proi~ts, issues and rever.vei from whatever
aource derived, each anc! every of which, it being exp~essly unders~ood, is hereby mortgaged as iI =pec~tically set (o~rh and described in ehe granr,ng and
habendum ctauses hereof, and such Receiver shall have all the b+oad and effect~ve iunct,ons and powers in anyw~se entr~sred by a Court to a Receiver, and
iuch appointment shall be made by such Cou~t as an admitted equity and a matter of ab~olute r~ght to se:d MORTGAGEE, a~d without re(erence to the
edequaty w inadequaty of the vatue o( the properfy rr~rtgaged or to !h! so:vnncy or ~nsolvency o1 said MORTGAGOR or the defendants, and rha~ such
renrs, profits, incaov, iswet a+K! ~evsnuss shall bt appl:ed by such Beceiver attord~n9 to the ~ien or equity of said MORTGAGEE and the pract~ce of such
Courf.
8. To duty, promptly a~d futly periwm, discharge, execute, tffect, compiete, com~ly with and abide by each end every the stipulatEons, agr~emeNS,
conditiona and covenants ~n sa~d promisswy note and this mortgage set forth.
4. ihat in the eve~t the ownership of the mortgaged premises, w any part thereof, becom~s vested in a person other than the MORTGAGOR, the
MORTGAGEc, its successors and assigns, may, without notice to the AtORTGAOR, deai wlth s~ch successw w successw irt inreresr wirh rzierence ro th~s
mortgage and ~he debt hereby secured in the sarrse ma~~er as w~th Mortgagor w~thout in any way vit;atinq or d~scharg~ng the Mor~gagors' liab~lity here.
under or upon the deb~ hereby secured. No sale of the premises hereby morfgaged and no lorbearance on the part of the /J10RSGAGEE or its successors
or ass~gns and no exrertsion of tix time for the payment of ?he debr hereby sec~.ed grven by the MORTGAGEf or its svccessws or ass:gns, ai~all operete
~o release, d~icharge, modify change or affect the orig~nal I~abJ~ty of the M.URTGAGOR he~e~n, either in whole or in part.
10. It is specifically agreed rhat t~me is of the essence of this co~tract and that no waiver of any obl~gat~on hereunder or of the ob'igation se-
c~red hereby shaft at any time rhereafter be held to be a waiver of rhe te~ms hereof a of )he ins~rument sec~red herby.
11. In ~dd~t:on to the forego'ng month!y payments of princ pal and interes~ required by the promiswry no~e sec~rtd herebr, mortyagor cove~ants
and agrees to pay to mortgagee wnh each mo~~hly payrnent an add~~io~al sum estimated by mortgagee to be eq~al to 1 12 of ti:~ a:enual cost of the fohow-
~ng:
A-All reat property faxes levied cr assrssed agai•~st th: above described reaf estate.
B--Pre~:~~ms on fire and windstorm ~nsurar.ce as herein requ~red ro be carried on the improveme~ts s~tuate on the abovc desaibed premises.
C-Prem~ums on svch mortgage gumanty ir.surar,ce as mo~tgagee shail from t:me to ti~ne deem fit to carry on the loan sewrcd herrby.
Mortgagee shail from time fo tirr~ norify mortgagor in writing o; ihe amount"due and payable hereunder and such s~m shatt thcre~po~ be due and
~ ayaCle on the d~e dare of the next nwnth:y payment and each successive month thereafter untit mortqagee shall not~fy mortga9or of a change in wch
amount. Such sums sNil be applied by mortgagee toward the payment of real property taxes, insurente prem:~ms, a~~d mortgage g~aranty insurance
n~emiu~ns.
IN WITNESS W EOF, the MORTGAGOR has hereunto set his hard and see{ the day and year iirst af es3i31
. Signesl. Seale apd rv r ' H~e nfe of:
(Seal)
- ~ f / . , ` J- _ ~Z -`Seat}
_l.frril9 ._G< <Seal)
- j ~ . ~ ~al)
• ` _ _
S7ATE OF FtORIDA ~ ~,v = ~ - - . -
SS.
COUNTY OF St . LL1Cle ` . ~ ~
1 - • ~
: - • - -
e~ra~ ~ ~,~„~s~,, appeared Bruno Peterson :
;,,_S ~ _
CallY 1 ~ Peterson his wite, to me well 4no~n./n8 k+~iowii ~tne Jo ~e '
the individwts described in and wFw executed the foregoing instrument, and acknowtedged before me that they executed ti~e ~artie= Jpr ~ke purpQtri~t'
therein expressed. And the said Cst~l Z1 Peterson ^ •~~"j_ _
+~~{e of rhe said ^ BY11T10 Peterson _ ~~,,,,~~y~t~~~~~ivat~
e,~am~~anon by me taken separate and apart from her said husband, acknowledged to and before me that she exec~ted said instrument fiet{Y.~[rd.rph~n:
rardy and w~thovt any compulsion, constra~nt, apprehens~on, w fear of w from her iaid F~usband.
WITNE55 my hand and offiual seal th~s 2nd da,, o~ ~Ct.ObE'2' A. D. 19-~
.
Notary Pubt c and ar e State of Florida a! targe
My Comm~ssion expires:
Return To:
fint Fedenl Se~«,gs 3~aan ,assouaro~ hUiABV PU3LIt, iTATE OF RORlDA ~T LAABF
OF Fo~t P erce MY COMCr11S510N EXPIF2ES (iOV. 29~ 191Y
Fort Pierce. Florlda wM1~E.~ '"quVC" `REO M. rt~s~tTEL?{011i.
FILED ANO RECORDE~'
ST. LUCIE COUNTY, FLA.
COR^ ~;c-:,~r.±~r3
This Instrument Prepared By RiCha7Cd K. Kayes ~~~h~u
First Federal Savings 8 Loan Association ~G.
of Fort Pierce , Rlorida QCT ~ W~1 ~ 8 !
Checked By c ~ tt~
;20+;_P, r OITRAS
~0~~ ~L{ CL~RK CIRCUIT COURT~ -
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