HomeMy WebLinkAbout0333 3. To pl~ct ~nd continuou~ly ke~p on buildinps now a her~af~K s~tvaN on sa~d far+d u+d on all equipment a~+d penonally covered by ~hi~ moe~p-
eg~, wi~h all pamiumi ~h~~ton prd in full. fi?e i~sunnc~ ie IM uwal standard po!icy ~orm, in a ~um approred by the MORIGAGEE, and wi„ds~am
+nsw~e~t~ in tM u~ual ~f~nd~rd policy fotm, in ~ sum ~pproved by tM 1NORTGAGEE, !n suth tompany o~ companiy a~ th~ MORTGAGEE may
di~~; ~II fi~• ~nd windsrorm inauranc~ POIit~~{ on ~ny of i~id bvild~np~, ~ny imere~~ therein or parf thereol, in the ~p~rega~~r ~um elaawid a '
in ~xctu therwf, sMll conlain IM uswl ~tai+dard mortyyH tlau~t or ~uch o~M~ c1auH ~s ~hs Matyagee may ~equu~, mak~np ~hs lois unda~ ~sid polf- `
c~es, tach ~ed w~ryr, par•ba a said MORTGAGEE ~f its intert~t may appw~, end each and a~•e~y svch pi~6cy shall be promptly ais yned a~~d delivered to fi
•ny held by 1~id MORTGAGEE fu~tMr ~ecv~~ty 1o s~id mu19aQ~ d~bt, and, eot I~u than ten p0) d~ys in advence of the expi~~tion o~ csch puiKy, to da
I~v~? to said MORTGAGEE a renewal tMreol, /oQetha with a r~c~ipt (a the pemiwn of ~uch r~newal; and ~har~ shall be no f~rs o~ wind~~o~m insurance ~
pl~ctd on ~ny of s~~d b~ildinps, any iMerest thKeih or p~rt thK~of, unless in tht fo~m and wi~h ~M loss payabl~ as efores~id; ~nd in ~he'cvent any sum
ot moMy betpny pay~ble und~r suth policy p pofKitt s~id MORTGAGEE ?Mlt Mw tM opt~on to ~ece~ve and apply ehe wme on eccovnt oi iha i~xkbfrJ- '
++~u ucw~d her~by a~o permi~ said MORTGAGORS ro ~~ee~w ~nd ua~ it or any par~ thereol fo. orher purE.oses. .v~~hcvr ~h_~~b~ wa~.~,g or ~~e~pa~~-
in~ ~ny pv~ty, I~~n a.iyht uod~r w by virtw ol this mort~~; and i~ the ewro ia~d MORTGAGORS shall fa any r~ason fail to keep the sacd prem~ses w
insured, pt fail b dflivN ppnpity any of said policitt of inavrant~ to said MORiGAGEE, or fail promptly to pay fully any premi~m therefw w in any
resp~ct fail tp pkfam, discha~q~, ~xstut~, ~ff~ct, complete, tomply with ~nd ab~ by Ihi~ covenaM, p any part hK~of, said MORTGAGEE may p~ace ••~d
PdY fa s~ ~+~+~c~ or ~ny pa~t IMrwf wi~lw~t w~lvi~p or a(t~ctir?p ~ny opt~on. (ifn. pv~ty, or rphr u.~da a by vlnw o! ~hi• Mo+tpage. ~nd ~hc
fu)1 a~nount o1 eKh ~nd ~vKy ~vth paymMt ~hall b~ imrmdiat~ly dw ~nd payable ~nd ~MII bear interesl (rom tM date thereo( until pa~d at the rate ol
n~ne pe~ ce~ew.n p~. ~nnum ar+d ~o~ether wi~h such i~teras~ fhall bs iacured by the li~r? of th~i mortpaye. ~
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1. To p~rmit, eommit w tuffer no wast~, impa~rmrnt w detfriwation of sa~d properry w~ny paH tAereof. ~
S. To paY all and sirgular tM cosn, tMr9es x~d expMSes, incf~dirq • rtasonable attorney'~ fee and cos~a of ibshects o1 titte, incurred or pa~d a~ ~
eny time by ~aid MpRTGAGEE, b~cws~ a in tM ~wm of ~M (a:lure on tM parf of ~M said MORTGAGOR to duly, pfomp~ly and fully perfw~n, d~icharge.
execut~, fffKf, epmpkt~, tort~ply w~th and ~b:d~ by ~ath ~nd ~very Ih~ itipulalions, a~ree.nenrs, condit~ons, and covenann ot said pra~:ssory nore and rhi~ i
:nwt9a~~ any or eirhe~. ~nd said coay ch~rpea ~nd ~apenset, e~ch and ~va~y, sMll be immediately dve and payab~e: whethcr or not ~here be no~ice d~ ~
mand, attempt to coltect o~ suit pend~np; and tM full amo~nf of exh ~~d eve~y iuch paymem shall bear i~~eres~ trom Ihe date the~eo4 until paid at the ~
rare of ni~ per crntum p~r ~ruwm; and atl taid ~ostti charpet and expenses inturred or p»d, logelhc? w.th suth imerest, shall be secured by the Iien of Ih~~
mortyap~.
6. That (a) in the ~wnf of ~~y breach of this Mwtgap~ or default on tAe part of the MORTGAGOR, o? (b) in ths event any o~ ssid sums of mo~ey
herein refer~ed to be rto~ promptly and fvlly paid within Ihirty (30) days next after the ssme seve~aNy become dve and payable, wi~hou~ demand or rwtKe,
or Iv in the cvem each and ~very dw atipulationa, ~g~aeme~ts, condltions aod tov~nams of s~;d p~omissory nota and th~a mor~yage any a e~ther ?re no~
iuty, prempNy ~nd I~IIy perfam~d. d~scM~9ed. exetut~d, eifecled, completed, compl~ed with •nd ab~ded by. then in ei~her a any such er~nt th* ta~d
gr~ate svm ment:o~d in uid promissory npt~ /hen ?emaininp unpa~d, with inter~st accrued. ~nd all moneys secured herebY. thsll become due and pay
eble forthw~t~, u fF1lfN~tN~ a1 tM optic~ of said MpRTGAGEE, ai fully a~d completely as if all of ~he sa~d sums of money were a~g~n~lly t~~pulated
ro be pa~d on si~ch day, anythin9 io sa~d promissory note w in this Mortgaye to Ihe con~rary rtotwiths~and„~; and th~revpon or Ihereafter at the opGon o} ~
~a~d dYIORTGAGEE, without norice or d~mand, suit at law w in aquity, ther~fae or Hiereaftcr begu~, may be prosecu~ed as if all mo~eys sacured hereby ~
had matured p~~or to ~ta institutan.
7. TMt in tl+e evcnt that at the beginn;rg ef or ~t any time pending any svit upon rhis Mwtgsge, or to foretloae Ft, or to ~efoam it, or to enforca
payment of ~ny claims hereunde?, ~id MORTGAGEE shatl aQply to tF+e Court having ~w~sd:ction thereof iw the apµo~ntment of a Rece~ver, such Cou~~ shall
Eorihwith ~ppoinl a receiver of wid mort9ag~d prepertY all ~nd iinyvt~r, includ~np aN and singular the income. Pro(~h, issues a~td revenves irom whetever
source derived. each a~d every o! which, it beinp eapressly unders~ood, it hereby morrgaged as if spec~fic~lly xt faih and desuibed in the gro~nng and
habend~rm clausea hereof, ~t1C~ 3NCI1 RKfIVN shall Mve all the boad ar,d effective funchons and powera in anyw~se envusted by a Cou.t to a Recei~rer, a~d
s~ch ~ppointment shall be made by such Court ~s an admittrd rq~ity and a matte~ of •bsolute rigAt fo said MORTGAGEE, and wiil~l reference to the
e~equacy a inadeq~~cy of the v~lw of the property mw~~a9ed or to the ~otvae;y a inaoivency of uid M4RiGAGOR w t!x defenla~ts, ar.d rhat ~uch #
re~rs, profits, income, iuues ~nd revenues shall b~ applied by such Receiver ~ccad~np lo the lien or equity ot said MORTGAGEE and ~he practice of such
Covrt.
8. io deily, promptly and fully perform, d'euMrge, exccute, effect, compkte, comply with ar~d abide by each and every tlk stipuia~iona, agreemeMS,
c~:ditiona and covenants m sa~d promisspry nete and this ~rwrtgage set forth.
9. That in the evem the ownrrship of the mortgyed prem~ses, or any part thereof. becornes vest~rd in a person olhe~ than the MORiGAGOR, the
MORi(',AGEE, in suctessors and assipns, may, without notice to the MpRTGAOR, deal with such succrssw p successor in interesl with reference to this ;
mortgage and tlx debt hereby secured in the same manrter as with Mo~tgago~ witlavt in any way viliatiny pr d~xha~ging 1he Mcrtgagori liabitity hera i
~^der a upon the debt hereby secured. fVe salf of the premixs Aereby mo~tqagcd and ~o foibeasance on the part of Ihe MORTGAGfE or its svccessors ~
or aaa~gns and no exrens~o~ of tlx time fw the psyment of the debt hereby securcd given by the MORTGAGEE w ifs successors or ass;gns, atiail operate
to rNease, d~xMrQe, nwdify cfiange or ~Hect the orig~nal Iiab~lity of the MOR(GAGOR herein, either in whole a io part.
10. It is spcceficalty agreed that time is of th~ cssence ot this conrrsct and that no waiver of any oblFgatton heieunder or of the obli9ation ~e-
cured hereby shali at any Hme thereafte? be Mld to be e waiver of the terms hereof or of the instrumeM setu.ed herby.
11. In add,tlo~ to the foiego:ng mo~thly paym~nts of prirtc'pal and interest requ~red by the prom~ssory no!e sewred hereby, mortgagor covenants
a~d agrees to pay 1o monysgee w;th each mo~thly payr~ertt an sdd~rioaal sum essimated by mortgagee to be equal to 1; 12 of the annuat cost of the foNow-
.n~:
A-A!1 real p~operty ta~es kvied or assessed ayai~sf the above desc~ibed re~l estate.
B-Prert.~~ ns on fire a~d wirtdstorm insurar.ce as herein requ~red to be carried o~ the improvements sit~ate on the above described premises.
C-Premlums on such mortgage gwranty insurar,ce ss mortgsgee shali f:om t~me ro time deem fit ro wrry on the ban secureti! hereby.
Morrgagee shaT! from t;me to r;me noelfy mo.tgagor ;n writing of the amount due and peyabte hereundrr a~d such sum shail the~eupon be due and
Fnvable on the due ciatc of the next monthty payment and each successive month thereaite~ ur,til mortgagee shall notify mortgagw of a change in such
a-:ount_ Such sums ska:i be appl;ed by morigagee toward the p~yment of real property taxes, ±nsurance prem:ums, a~td morrgage guaranty inw~ance
p'c~niumf. •
~ IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and se the day yeat iirst sfore '
Sg1'~ Se~kd aryi deG~ered M N,• p.e,e„ce of: ~I~f 0 Alla RECOR [
.1.~ a~~(,~t~1,T~ ST. ROCERCPO TR~f l~
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- . CIERK C~RCUIT COUR ~ - . '
_ RECORD VERtf1E0
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FEe I 0! I 1~ AH'T I ~ ?
_ $TATE OF FLORIDA sr. ~I~ } ~ 2U4452
~o~~ ~
e~iae ~,~,.n,, .~,.~a Phf lfp Pas~rl - .~,d
B1~1BC~ V• ~81 ~ his wife, ro me welt known and known ro me ro be
ihe indvidwli described in ~r~d who txecuted tF+e fweyoirg instr~m~sn1, and ~cknow{edged b~fwe me tAat they executed the same for the pwposes
rherein expressed. Ard the ssid BlaI1CZf@ V• pQaZl
Phili PQazl
~v~fe of ?h~ uid - p vpon a separate ~nd priv~t~
e~am;nat~on by me taken sepa~ate •nd ~part irom her iaid Fwsband, sdcnovnled~ed tp ar~d be(ae m~ tFut shs executed said instrumcnt freely and votvn-
rar;ly and wnhovr r+y compuls~on, cautraint, ~pprehena~on, or/'fear of w from her said h„sM~.
WI1NfS5 my h~nd •nd official sea! t1u._` ~,t L. day of ~@bru~ A. D. 19 71 `
- ~,.~_1~ t7 ,
~ Not~ry Pubtic in and for the State of Fbrida N Larp~
Return Ta My Conwnwion eapires:
Firtf iadsr~l Sari s i toan Au«7~~wn ~ATE:OF FLpRIpA AT tARCF
^o ~MIS.I~N EXPIRES SEPT. 23, 1973
Of Fort P.erce. `~4y~D~D 1lilp~ f$FD rll. ?lE5lEUIQItST
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iort P~er~a fiorid~ • . .
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This Instrument Prepared By JOhR W. COlj~ ~':lJ~~' ~
~ '.3~Q;'!~ J?~' . :
F+rst Federal Savings d~ Loan Association •4, ;
of fort Pierce~ R loZ ids ~=;'r~~ ;~~,:'~,~y ' t~ v
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Checked B , : i ~t
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