HomeMy WebLinkAbout2932 3. To place and continuo~sly kerp on the bui'd~ngs now or he~rafrer sit~ate on :;,~d !and and en eq.,~p •~~m and p~reona;l~ coter~d by thi~ mo~tq•
eye, wilh ell premiums thereon pa~d in l~II, fne inswance +n the usvat uandard {.o ~c~ fofm, in a aum ~F;,ru~eJ by fh: ;.1vlt~'.~:'.~EE, d w~•~dswrm
;r~:urance in fhe usual aran:la~d pol.cy form, ~n a wm aH~,roved b~ ~hr h10RTGAGEE, ~n such cun,~,eny er co,,;~an~es as ~~~e :'O~t~GAGEE may
d~rect; and ali fiie and w~ndstorm iniu~a~ce pol;cicf on any o( sa~d bvi!d~~gs, any interrst thr~e+n o~ ~~ar~ ther,~ul, in ~he .+yry~ y,rr su~~~ aforesaid or
!n estefa )heteof, shall conlain ~he uwal standard morlg,igee ua~se o~ such o~he~ ueost as the hloriyaycr may iey~:re, n~elu~g tl,a ~cs~ w~J.~r s.+~d poli-
c~es, each and every, payable ~o said A10RTGAGEE as ~t~ mtvrest ~~~ay appear, a+~d each ,~nd eve~y wch pu ~c~ sl:.,It i,r pro~~,E,rty ass y~,~:l ,~~d dr:~vev. d ~o
eny heid hy safd h10R?GAGfE as furthc~ ~ccu:i~y fo sald n~or~gage d~~bt, and, not fess than tirn ;101 days ~n ad~~~:ce oi ihc ca;.~~~t~o~~ of r~cl~ pul,cy, to dr-
I~vrr to said MORiGAGEE a renewal thereof, sogethrr with a rece~pt for the pr~mium of svch renewal; ,,~~d thrre s6.~;1 be ~~a t~r~ .v;~„isk,~~n i~surance
placed on any of Said b~ildinyi, any interesl there~n ~r parr thereof, un'rsa ~rt rhe form a~~d w;th the Icss paye4>le u.+'cr~~s.,~J; a~~d in the rv~~u any sum
of money becomes payable un~er wch poGcy or pol~cies sa~d MORiGAGEE shall have the op~:on to rec•_~ve ..~,d ap4;y r~_~ s.+:~~e on .~c~.,u:n o( ~h~~ i~,d~~tr.:J-
neu secured her~by or ro perm~t s~id MORTGAGORS to recrive and use it a a~ry p.+rt ti:~.~•of tor e:~.• r 4.~.,:, _e,;. r.._. r i ~ ~
~ng any equ~ty, lien or ~igh~ undei o~ by vinue of thif mo:tyage; and in the evrM sa d MORiGAGORS SI~.jII ior any rc.ison fai! to kcep the se~d {;rcnusrs so
~~sur~d, or fail lo deGver pro~np~ly any of s~id poi~ues ol ins~rance to sa~d MORIGAGEE, or f„~. p~o~~~pry to ~~~y fu.iy .~n~ ~~."n ~i,~~„tor or ~n e~~y
resp~ct lail to perform, d~scharge, execure, e~(eU, COmp~Nh, cOrnNly wirh and ab~de by th;s cove~~.u,f, or any p~~~ h~~~of, s•+~d fA~.•ki;,•:GtE ~n,,y ~:~acc a~o
~,iy for such ins~rance or any part thereof w~thou? waiving or alfec~ing any opNon, tien, equny, or r~~M unde. or F~~ v~rr„e ot fh;s `:.o~~g,ya, a~~d thc
t:,i1 amo~m of each and e.ery such paymem shall be ~~»~ned~ately due and payable and sh,if bear inter~sr from rh~ ddrr rh~~~•of u~~r~l ~,,,~d a~ rhe r,,~e o1
~.ne per tentum per annwn and to~rlhcr with such intrrest shali b.• srcured by the lien of this mortg~ge.
1. To permit, tommil w su(fer no wastt, impairment or detrrioration of said property or anv part thcr~•of.
5. io pay all and singular the costs, charges and expenses, includ,ng a reasor~ab!e anorney's iee ..nd cosis of absn, c~s of t~~'e. ]n~un~•d or p„~d ar
tirr.e by said MORTGAGEE, because or in the event of thc ia,iure on fhe part o{ the :~~d M~RtGaGOR ro d~iy. Fro ~~~,~iy a~~d f.,:'y F;rrio~~n, d~5i~~dr(~@
•ecure, eliect, co+»plete, comply w~th and ab:de by each and every the s~~pulat~ons, agrre„~e„~s: m~,dmons, ar.d cov~•~~,,~~rs ei s;,~d ~~o~~„>,o,y n,•re .,~,d ~1„s
• ortgage ~~y or e~ther, and sald costs, charg:s and ezpe~ses, eath and every, shail be iimnrd~ate~'.y due a~d F.ay:,b:.r; v~h•:'h~r or not th~•~e t;r nohce d•r
n»nd, atlrmpt to cott~t Or wif pend~ng; and the ful~ d+nouM ol each dnd every Such paymrM Sh,ill bea~ ~ntir;rsl irorn the date the~ro4 uniil paid at t~~e
o' ~i~ne uer crn!um Fer an~w:n; and ali said costs, tha~ge5 and rx;~~nes ineuned or paid, tuguth~r ~ti.th sucli int~~csi, ShaH be sncwed by the i:in of th,f
n,ortgage.
b. That (a) ir, the event of any brrach aF this Aiortgage or delautr on ~he pa.r of rhe h'ORTG:IGOR, or ;6) ~n the eve~,t any o1 sa:d sv~~u of money
hvein re!crrrd to b^ not promptly and fully pa~d w~thin th~rty (301 days ncat atrcr thc s.vne severa';y Leco~ne d~~c and F~dfJIi:C, W11~WJT dema~:d or nc~~c~•,
~c) in thr event each and every the st~pulations, a9reements, cond,t~o~n and covenanrs ot sad ~ro~~~ss:,ry r~ot~~ and fh.s ~no~tg.,gr an/ o~ enher are not
y~:y, prompi{y ,~nd 1~I;y pe~io~med, dschar~cd, eKecuted, effe~~ed, complrted, comp~~ed w~rh and ab~~i<~d 5y, then ~n enh~~r or any such rvenr the sa;d ag
a•egate Sum mentioned in ;aiO prOmiisOry note th~n remainirig unpa~d, with inler~~s1 acuued, m~d aJ monv~5 setured heret~y, if~.~;i b~cumc' duc' and pay~
~o e forthwith, or rh~reafter, at the op!~on of sa~d MOR7GAGFE, as lv~y and compie~ely as it ali ~f ti~e s.~~d s~~ns of mu~iey wrre o+~g~naNy st~pu~at,•d
to be pa:d on such d.:y, anythmg in sa.d pran~ssory note or in this htortgage to the con~ra~y notwithst~nd;,~g: ,and +hcrcu~~on or th~~,,,frrr at rhe oF~non of
s~:d MORTGAGEE, w~+ho~t nonce o~ demand, suit at law or in equity, therefore w therratrer beyu~, rnay te p~osecuted as ;f al! ~noneys s~c~recJ he~eby
n,d matured pnor to its ~nstitunon. '
7. That in the event that at the beginning o1 or at any time prnd~ng any wit upon rhis Mortgage. o. to foredose it, or to retorm it, or to c~force
~-~ymeN ol any claims here~nder, sa~d MCRTGAGEE shal{ appiy to the Court having ~ur~sd c~~on th~•~~ot fur thr ap;ro~nrmen~ of a Rece,ver, s~ch Covr~ shvil
ic;r,hwitb appoiM a receiver oF said mortgayed proneny all and singv!ar, indud:ng a~l a~,d s~ngu~ar the ir.come, prof~ls, issues and fCY~i1:/B5 from wh,taver
s.•,,.ce derived, each and every of wh~ch, ir being expressly ~nderstood, is here:by morrgaged as if speuf~ca!!y set forth and descnb~~d ~n ihe 9rdnlu~~ a~:d
r~bendum clauses hereof, and such Receiver shall have aIl fhe b.oad and effective funct~or.s and pov.e~s in anyw=se emrust::d by a Cu,~.~ to a keccner, a~~d
s. ch appointment shall be made by such Court as an ad:nitted equity and a matter of absof~te right to said MORTGAGEE, and wal~_ut ref~rencc to tF~e
r:i;•yvocy o~ inedequacy of the value oi the property mortgaged or to me so,v~ncy or ~nsolvency o( sa~d MORIGAGQR or rhe de~o~,d,•~ts, .~~,d rh.~f wch
•,rs, protits, income, issues and reve~ues shall be applied by such Rece~ver accorci+ng to the lien or rquny of said MJRTGAGEE a~~d the pract~ce of such
Court.
8. To duty, promptly and fully periorm, discharge, exec~te, effect, complete, comply with and abide by each and every the stipu:ariorts, agrc~rner~ts,
condir;ons and covenan~s ~n sa~d promissory r,ote and this mortgage set forth.
9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a person other than the MORTvAGOR, the
4•~RTGAGEE, its wccessors and ass~gns, may, witho~t no~ice to the MORIGAOR, deal w~th such successor or wccessor in ~nte~rst wnh refiren~e to this
rt o-rgage and the debt hereb~ secured in the same manne~ as w~th TdortyagOr without in any way vitlating or d,scha~ying fhe hlcrtg~gori liaL,l~ty here-
~ der w upon the debt hereby sec~red. No sale oi the prern~ses hereby mongaged ar.d no fo.beara.+ce on the pa:~ o! tt~z ~At,Ri(,AGEE or i~s successors
or assigns and no extension of she +ime ior the payment of the debt hercby secured g~ven by the MORTGAGEE or its svccessors or ass gns, ~~~all operate
ro re~ease, dacharge, mod~fy change or affect the orig;~al liao.;;ty af the IY~ORTGAGOR herein, either in whoie or in part_
10. It is speNf~cally agreed ~hat time is of the essence of fhls cor.tract a~d ~nat no wa~ver o( any ob'~gat~on hereunder or of the ob(igation se-
c~red hereby shah at any time thereafter be held to be a waivar of the terma hrrcof or of the instrument sec~red he•by.
11. In ~:l~ 1:U"1 to rhe foregol~g monthiy payments of pri:~c pal and i x~~rezt requ~red by the prom s>cry r~o•~ securt~d hei _FJ/, nlQrtc~3~Jf covenants
a•~:i agrees to pay ro n,o-t~agee ~nith each monthly pa~~,;eM an ad:i~!ionai su~n est ,rared by ,nortyagee to be eyvai to 1 12 of i;~~~ an ;ual cest of the fo:iow-
A-All r~al property tates levied or assessed egai•ist tiee above descrihed real estate.
B-P:e~r:-u,:>s on fire and windstorm ~nsurac~e as nere~n rcqu~red to be carried cn the ~mprovements s~tuate on the abovc d_scr~bed premises. "
C-Pre:nivi~~s on s~ch mcrtgage guaranty ir.surarce as mo*tgagee shall fro:n t me ro time deem fit to carry on tne ban s^c~red hereby.
hlortgaqee sha ! from ti,.~e to time notify mortyager in writing of the ar;ou-~t due and peyable hereundar and such su r shail th~~rcuF~on be d~e and
.~.able on thc due dare oF rh~ nexf month:y pay~r,e~~t and each successive month tnereafrer u~:til mc:tgagee shall notlfy mor!gagor of a chang~• in such
~unt. Su:h sums sh.~ l be app!ie~ by mortgagee toward the paymem of real property taxes, insvra~ice prem:~ms, and mortyage g~aranty insurance
. e~niums.
~tiV?TP1E5$ L.NEP.cOF. the said MORIGAGOR has hereunto set his hand and scat the day and yeaar (irst aforesaid. ~
S~ ed, Sealed and deliv in the presence of: ~l A~ ~ ~
L~
(Seal)
1 , - ~ (Seal)
~4~ 1SS...I~ ~ (Seaq
- (Seal)
;iATE OF FIORtDA ~
~JUNTY OF St. Lucie
Before me personally appeared ~~i~1 H. Crooka and '
~O~@ C~~k$ his wife, to me well known and known to me to be
rn;; ind~viduals described in and who executed the foregoing instrumenL and acknowiedged before me that they exec~teci the same for the purposes
rnerain ezpressed. And the said_ JO~/CE Crooks
i~illiam N. Crooks • '
wlfe of the said _ - , '~'6 ~ ~4e er~d private
e=am~r.at~on by me taken separate and apart from her said husband, acknowledged to and befo~e me that she e~et~~. 1~ dy and volun-
r~nly and w~thout any compulsion, ionstraint, appre~hje-ns1~on, or tea: ~f or irom her said husband. d- S
WITNESS my hand and offic~al seal this____..Q . Z~i day of ~ber ~i ~~~~1 ~ ~~q,~Q; 19 70
~ ~'<< • - S , -
- : : ~ - :
N t ~ubtic in a~d ' 'f~Ot
Return To: f LED CO~N~~~mm~ssion .e:pir ~j{,~~;. a';
First F~erat Savings 6 toan Association S~• lVC ,
iIOCER POt?RAS sc " ';j~;
~ ~it L~a
Mr .
Of fori Rcrce. C`~RK (~`~~CV~?
~ ---r .25, ~9n
F~« Pierce, florid, p~C0R0 VER1flE~ ~M~1 c...~, e.,
3a ~ 17 0 - .
Oc~
This Instrument Prepared By J. D. Chastain
First Federa~ Savings & loan Association ~COA~S
of Fort Pierce~ jT~oTida J
Checked By~
600K1~~ PACE2931 pa
.
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