HomeMy WebLinkAbout0093 3. To plac~ ~od continuwuly kep on th~ buildinps now a Mr~aftK sltwt~ on s~id I~e~d ~nd on all equipm~N and p~~sonally covtrtd by ~his mort9-
aq~. wilh a11 pr~eniwns ~he«on pa~d in full, li~~ insv~~nc~ in th~ viwl ~tandad poticy form, in a ~um approYed by the MORiGAGEE, ~nd windstwm
insw~~n In 1M uswl ~randard pol~cy (am, in a sum ~pprovd by rM MORTGAGEE, ir~ wch tompany a canpanies a~ th~ MpRTGAGEE ~nay
dinctj and aQ fi?~ u~d wirKbw?m inwranc~ polici~s on ~ny of said buildin0~ ~ny 1~t~r~s1 thertin or pan the~eol, in the a~re~a~~ wm ~foraaid or ~
M~xc~a tM.wf. sMll comain tM vswl s~andud matyaye~ clws~ or ~uch otl~ c(ws~ a~ tM MatpayN may reQufr~. m~ki~p rlu loss undt~ u1d po1F
cies, tach and ~very, payab?~ w a~wl MORTGAGEE u ib int~rat may ~pp~ar, and each snd ~vNy such poiicy ~hall b~ prompHy au:~n~d ~nd d~liver~d ~o
any Mld by ~aid MORTGAGEE ~s fur~her ucuriry to s+id mort~~~ d~b~, a~d, not I~ss lhan ~en (10) da~n in ~dvanc~ of tM ~xpir~tion o( each polky, ro da
liva ro s~id MORTGAGEE a rMewal tMr~of, Io~e1M? with a rect~pt fo~ tF~e pnmivm of ivch r~newal; ar~d 1!?er~ sMll b~ no f;re or windslam inturux~
pl~pd on a~y of s~id buildinps, any interqt the~»i~ or part tt,~.~of, unleu in rM fwm ~nd wiih tM lou.pay+bl~ as afwesaidj ~nd in tM ~v~n1 ~ny s~m
of morwy betomes p+yaWe undK iud+ policy o~ policies said MORTGAGEE shall haw th~ option to receive and ~ppty the san» o~ accow+t of ~M indebted-
Mu secw~d he?tby w to permit iaid MORTGAGORS fo reteiv~ ~nd us~ h or any pa~t tAereof fw othcrr pu~poses, without th_reb~ waivi~~ o~ ~mpair-
inp any puiry, lien or riyht urda or by virtw of this mort~a~e; ~nd i~ tM ~ve~t said MORTGAGORS shall fw a~y ~eaw~ fail ro keep the uid pr~mises so
in~ured, w f~il b deliver promptty any of said politias o1 iniwa~c~ to aaid MORTGAGEE, a fail promptly lo pay fully ~ny premium therefw a i~ any
resp~ct fail b psrfurn, dischuge, ~xecvte, ~ffect, compkte, comply wirh u~d ~bid~ by this mvenant, w ~ny pan hereo(, said MORTGAGEE m~~ place and
PaY fa such inswanc~ or +ny pan tF~eof without walvinp w affectinp aoy option, It~n, equity, or rigFt under or by virtw of this Mort9ape, and the
fuil ~mounl of tach and evtry suth payrn~nt shall b~ immediately dw and p~y~bk ~nd shall bear intaes~ from tM dats thereof until p~id ~t tM raq ol
n~ne per canfum per annum and together with such interest shall be ucured by fM IiM of Ihis mutp~y~.
To pKmit, commit o? suffa no waste, impsirment p deterioraYan of said propKfy or ~ny pirt the~eof.
5. To pay all ~nd tinpulw the cwts, cha~gas and expenses, inctudinp a reasonabte ~ttorney': fee and co~b of absnacts of titls, incvrred w paid ~t
any time by wid J1110RTGAGEE, because or i~ tM ~vN?t of the failwe on the part of ~M ssid MORTGAGOR to duly, promptly ~nd fully perfwm, diuM~gR,
execute. e(fect. cpnplete, comply with a~d ~b+de by ~ad~ and every the stipvlarions. a~rceme~ts, cp~ditions, u~d covenanK ot ssid p~omissory note ~nd thit
mortqape ariy or either. and sa+d coits, chayes and expenses, exh and every. ahall be immediately due and payabla; whethcr w not there be no~ice d~
msnd, attempl to to11eN w wit pending: and ths full amo~rnt of each and every wch paynxM thall be~. i~teresl from ~he dafe ~hereof ~mtil paid at tht
rate of nine per centum per ~nnum; and att said coits, cMr~es and expenses incurrsd or paid, toge~her wifh such interss?, sha{I bs secured by th~ liee~ of thii
"'0?~9~~•
6. Tlut (a) in the event of any bresch of this Mwtpaqe a defauh on the part of the MORTGAGOR, «(b) in ths svent any of sald sums of nwnsy
herein referred to be rwt promptly and fully paid within thirry (30) days neat ~itx tM same severatfy become due and payable. w;~hout demand a ratics.
w(cJ in the event each and every ~he ~tipulations, ~greemsnn, co~ditions a~d covan~nts of sa~d promissory r?o~e and th~s mortgaye any o~ either are no1
~vly, promptly a~d fully performed, d~xMrged, ~aecuted, effected, compl~ted, complied with ~od ~b~ded by, then in eitF~er w any auch event tM uid ag
gregaq wm menrioned in aaid promissory note then rema;ninp w~paid, w;th iroerest ~ccrued, a~d all moneys setured hereby, ihall becane due a~d p~y~
able fa~hw~th, q tI1R~Nf1N~ at the op~an of said MORTGAGEE, as f~lly and comple~ely a~ if all of the said s~ms of money were ai9inally stipulated
to be paid or? such day, anythirg in said prpniuory note or in thn Matyaye ro the contrary notwithstanding; and thercupon or 1FKreafter st ths option of
sa~d MORTGAGEE, withovt not~ce o~ demsnd, wit at law a in pvity, therefw~ w thereahe~ begun, may be p~rosecwed as if all moneys secured hereby
had matured pnar to in insrirurion.
7. That in ths event that at the begirun;ng of w at any time pendirg u~y su;t ~po~ this Mwtgage, w ro for«tose i~, or ro refam ii, or to enfwca
payment of sny claims he?eunder. sa;d MpRTGAGEE shsU ~ppty fo the Cour1 having jurisdictipn Ihereof ia the appo~ntr~~ of a Receiver, such Cw~rt sMll
forthwith appoinf a receiver of said matgaged p~operty all ar~d sin~ula~, includ~ng all ind singular the income, profits, issues and revenues from whstever
source derived. each and every of whKh, d beinp expreuly understood, is hereby mwtgaged as if specifically sst fath and deuri6ed in the yranti~p and
haberxlum davses lxreof, and such Receivtr shall h~ve dl the broad and effettive funa~ons and powers in ~nywise entrusted by • Cou~l fo a Receiver, •nd
svch eppointmem shalt be made by such Cowt as sn admined equity and a matrer of absolute right to said MpRTGAGEE, and wi~hout relerence to tM
adeqvacy or inadequacy of the wlus of the properry mo?tpa9ed o~ to the w1ve~+cy or insolvency of qid MpRTGAGpR p the defendants, and that such
rems, profits, income, issues u~d revenves shall be applied by such. Recei~er accord~ng to th~ lien o? ~qvity of said MdRTGAGEE and~ ihe practice of such
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8. To duly, promptly ~~d (ully perfwm, discharye, execute, effect, eomplete, comply with and abide by esch and ~very /M stipulations„ ag~eemenq,
conditions ~d covenants in sa~d promissory note snd th;s mortgage set fwth. •
9. That in the event fhe ownenhip of the mortgayed premiyes, o~ ~ny psrt thereof, becwnes vested in a person other than the MORTGAGOR, tM
MORTGAGEE, its s~cceuors and assig% may, w;thout notite to the MpRTGAOR, deal with such successd q successor in inte?est with reference to tfiis
~~gye snd the debt hereby secured in the same manne~ as with Mwtgagor without in any way vitiatiny p@ixharging the Mortgagors' liability herr
under a upon the debt hcreby secured. No safe of flre premises hereby mwtQaged aad no fwbesrance on the parf of ~he k1pRTGAGEE a its successws
w auigns and no extension of the time fw the payment of the debt hereby secured piven by the MORTGAGEf or its auccessori a au~gr?s, s1»II operat~
ro rcieas~, d~xharge, modify cha~?ge or sffect ths wiginal liability of the MORTGAGOR her~in, eithe~ in whoie or in osrr. .
10. It is specificatly agreed that time iy oi the essence of this tontrad •nd that no wtivar of any obliqation bereunder a of the obligation se-
cured hereby shall a~ any time thereaher be hdt! to be • waiver of the terms hereof p of the iratrumeM secured herby,
11. In add~tion to the forego:ng monthly payments of prin~ pal and intcrest requ~red by thc promiuory note secured hereby, mortgagor cuvenams
and agrees fo pay to mo:tgagee with each monthly payment an add~~ionsl sum estimated by mortgagee to be eqvat to 1% 12 of rhe annual cost of the folbw-
in9:
A-All real property tsxes kvied or assessed agai~st the above deuribed real estate. ~
B-Prem~ums on fire and windstorm insurance as herein requ~red to be urricd on the improvements situate on tF?e above desvibed premises.
C-Premiums on such mortgage guaranty insurar~ce as mortgagee shsll from time to time deem fit to carry on the ban secured hereby.
Nlortgagee shal! from time to time not;fy mortgagw in writing of Ihe amount due and payable hereurder and such wm shafl thereupon be due and
payaWe on the due date of the next monthty payment and each successive month thereaf?er urtil mwtgsgee shall notify mortgagw of a change in wch
amount_ $uch sums shail be applied by mortgagee toward the payment of real property taxes, insurante prem:ums, and mortgage guaranty irtwrance
p~emiums.
IN WITNESS WHEREOF, t e said RTGAGOR Ms herevMO~q t ha hand and sea! the day a year fint afwesaid. -
• Si . Seal , tl i ere ' tl+e pesence of: i1LE~ ~`?v11NIY~,
:T. ~ .
' RoCEa pO~tRA~ - ' ~
CLERII CIRCUII ~ ~
~caro rt~uriEO c
~I~+? 3 II o~ ~y
SfATE Of fiORIDA ~ ~ ~
couNn of St. Lucie O
s~f„e ~.,w,,,u,, James H. Mc:?iillsn
~1~
i
A ~8A M~lKi 1 1 An~ his wife, to me well known and krawn to me to 6t
the ind;vidwls described in and who executed the fon9oirg instrument, and ackrwM,fed~ed befwe me that they executed the same fw tM purposes ~
rherein expreased. Md tFw sa~d A1 l ~e ~s~P Mt~1Kt 11 nn
Wits o# rM said J8m S H~ M(~Mi 11 tan pr;vat~
exami~atqn by me taken separafe :nd aparl from her sa;d F?wbsr~d, a~krqwl ~~5 ~
?ui1 and w~thout an com ~ ed9ed ro and Mfon me tMt she eaewted s~ief ~e~ ~nd valun-
Y Y P~~s~, constraint, a ek~eru~on, a feu of a from her said husband. ,
WITNESS my 1?~nd and offiu~l ~eal thi. ~.tid- d~y ~ ~,~I:~DS 79~r v
~ll t ~ntn_ .1 ~ •'.;.-Y~ ~-'~.Q~t~~' .
Notary Public in u~d foa f~~~p~1~?.~f~Fi~~da, N t~rp~'
Retum To: MY Commiuion ezpires: ' • ~ , =
First federal Savings ~ Loan As~otiation ~,~fy ~ ~f 1~
Of Fwl Plerce. y~y ~ ~ ~ -
. Fort pierce, flaida tMMr M. ~
y_,~- ~ . t ~ _ -
This Instrument Prepared By RiChArd Ke,yes
First Federal Savings ~ loan Associatian .
of Fort Pierc~ Florida
Checked By ~ Q~
~ ~ PM~ W
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