HomeMy WebLinkAbout1216 9. To plx~ ~nd conGnuously keep on ~he bui'd~~gs now or he~eafesr sifust~ ors sa~d land and o~ a~t equ~pmen~ and personaily covered by thi~ mortg~
~g~, with •11 p~emivm~ the:eon pa~d in full, fue ins~ranu in ~he vaual Sidnderd yoLty form, in a wm ayproved 'oy the M;~ktGAGEf, and winds~arm
Insur~nce i~ Ihe uswl s~andud pot~cy fo~m, in a sum approvrd by ~hs MQRTGAGEE, in fuch canpany or cc~npan~es as ~he MORtGAGEE m~y
dirsct; ~nd aU (i~• and w~nd~iorm inswance pol~c;es on any of sa~d buitd~n~s, any in~erosl thsrem or parl ehereo~. i~ the agg~~ge~e sum •foreia~d a
in ~:cefs ~hereof, shsll contain the usval s+andud mwrgagee clauie or such orher ciause a• 1h~ Mwtysqee msy requ.r~, ma1.~r~g the lo~f under ao~d po~~
ciea, eacA ~nd every, payab~e to said MORTGAGEE as i1s interett m~y appear, and eath and every ~uch pot~cy itw11 be p~anp~iy +ss g~~rd af~d delive~ed ~o
•ny held by said MORTGAGEE •s lu~the~ trcuri~y to ~eid mortgege debt, and, not Its~ 1Fun ten (10} days in advance oi thr expi.anon oE each pol:ty, to de-
~rver 1o wid ~dORfGAGEE a renewal thereof, tope~her with s recr~pt for 1Ae paemium o1 ivch renewai; and there shall he np f~re or windsto~m i~iurance
p~Ked on a~y of s~~d build~ngs, any intero~t there~n or pa~t thcrco(, unteu in the form and with the loes payable aa aforesaid; a~d i~ ~he eveni any tum
of mpn~y pccomea payable undr~ wch policy a poGuei sa~d MORiGACifE ihall have ~he opl,on ~p rece~.~e ~~~J appty the sa~ne on attourn o( ~he ii~debtrd~
ness sttur~ he~eby w to permit sa~d MORTGAGORS to receivs and ua~ it w any part ther~ot fo~ u:i.~ r;.ur~.oscs. ,:ui,c,t th_r~ u~ .v::~.~ ~3 ur ~n<<w~~-
in~ a~y equ~ty, licn w r~ght under ot by virtus o1 this mo:t~age; and in the avem ia:d MORiGAGORS shatt for any rc~son fsil ta keep ~he aa+d p~em;srs w
insu?ed, oi feil fo deliver p~omptly any of said pol:tiea of insu~ence to said MORTGAGEE, o~ t~it promptly lo pay fu~ly any prrn~+u~n thcretor o~ in a~y
respKt lail to par(w.m, dncha~ge, eaecute, effetl, tomplet~, comply with and ab~de by th~s tovenanf, or any parl h~reol, aaid MORIG~GEE may piKe a~d
pay fw iuch inwrance or any par~ thereof w~thout waiving or affectirg a~y option, lien, equ;fy, or ngh~ ur:der w by virwe of ihis Mortgage. ~nd the
fufl ~~ooun~ of each and every such payment ihall be ~m~nediately due and payable snd shall bear inter~st from tha date th~:reof unt~l pa~d at the ra~e ol
n~~x per ceNum per annum anJ to~e~hr~ wiih such interQSt shali be secured by the lien of th~s mortgage.
1. To permil, tommit or suf(er no waste, impairment w deteriorarion of said prope~ty w•ny part theraof.
S. To pay all and singutar the coals, ch~~ges and expenses, induding a reasoneble anorney's fee ar~d cos~s of abstiacts of title, incurred o~ paid a~
any time by sa~d M.OR(GAGEE, beca~se a e~ the we~t oi the fa:lure on ~he part o~ the sa~d MORiGAGOR to du:y, p~o~nptly ar~d futly per(am, d~uharge.
execuN, effett, complste, comply w~th and ab;de by each aod every the stip~iat~ons, sgreNmcnts, tonditront, and cove~~an~s o? sa+d p~omissory note and th~~
mo~~Qape any a e~~he?, and sa:d cosis, thuges and expenses, each and every, shaR be imcncd~a~ely dve and pavab:e; whe+her a not there be na~ce da
martd, adempt to collKt ot svit pe~~d,ng; a~d the full a~nount of eech and every such payment s1,af1 ?xar ineeces~ ~rum the da~e ~t~ereof unrit pai~ at the
rs~e of nine per centum ~r annu:n; and ali said costs, charges and ra~nses ~ncurrrd or ps~d, ~oye~her ~vah such in~n~est, shall be secured by ttx I~en of thif
mwtqaye.
6. Thal in Ihe evenl of any breach of lhis Mortgage o? defau~t on ~F~ part o( the MORTGAGOR, or (b) in the eveM any of seld sums of money
herein refeared to be not promptty and fuily pa~d within rh~rty (30) daps ~ext afre+ ~he se,ne se++e~a'Iy beco.»e due and payab!e, wiitwu~ demand or not~te,
o: (c) in the event each and every the slipolations, sgreemems, co+~d~t~ona and covena~~s of sa.d prom~sw~y nore anJ th~a mortgage any or e~~her are o01
~uly, promptly end fulty per}ormed, d•scharged, executcd, eitected, compieted, compi~ed w~~h and ab~ded yy, then in erther o+ any tuch svan? !he sa~d aQ
grrgate ~um mentwned in said prwmssury note then re~rsaining unpa~d, with intc~est acuued, and a+l monrya secvred hero6y, shall betome d.~e and pay
abte forthwith, a thereaher, at the opt~on of said MORiGAGEE, as fully and compln~ely as il all of thc sa.d wma of money were or~ginally st~pulated
to be pa:d on such day, aoyth~ng in sa,d prom~sswy note or in this Morlgage to tl:e conrrary not.hdhata:~ding; and ~hereupon or thrr~alte. a~ the ophon of
said MORTGAGEE, withoul no~~te or demand, svit at law cir in equity, there~o~e or ~herraiter begun, moy be p~osecuted ai if sll moneys setured hereby
had matured pr~or to ~is ~nstitution.
7. Tha~ in the event that at tF,e bey~nn~ng of w a/ any rime pend~ng any s~~~ upon tlris Mojtgage, w to foreclose it, o~ fo refwm i~, or to e~force
paymenl of any tlaims hereunder, ~aid MORIGAGEE sha:l apply to the Court having ~urnd~cnun therecf to~ ~he ~ppomtment of a Rece~ver, such Cour1 sheN
forthwith appo~m a rece:ver o~ said mortgayed property all and singutar, inctud,ng aU and a~ngu~ar fhe inco~~ze, prohts, issues and revenues from whatever
wu~ct derived, each •nd every oi wh;ch, be~ng expressly understood, it hereby mor~ga9c~d as if spec~l~ca~ty set forth end detcribed in ~he grantiog snd
habendum cl~uses hereof, a~d such Recervrr shall have all the broad and effc<rne funce,ons srx!•powera in anyt ~se e+~nusred by a~ou.~ to s Receiver, and
s~ch appointment ~halc be made by such Courr es an sd:n~rted equity and a maf~er of abso~ute nght to said MpR1GAGEE, a.~d w,thout reterence to tha
edrquacy a inadeq~acy of the velue o1 the p~operty rrq~~gaged or to ihe soivrncy or ;nwiverxy o1 se~d MOkIGAGOR a t~e detei~dents, and ~hat ~uch
rems, profits, income, isaues ind revenucs ihall be app5ed by s~ch Rece~ver attord+ng to tt~e I~en or rquity of so~d MORiGAGEE a~td ~he p?actice of sucA
Courf.
8. To d~ly, prompfly a~d fulty perFwm, d~scharge, execute, effect, complete, compty w~th arx! abide by cach anel every Ihe stipufations, egr~ements,
conditions and covenants m sa~d promissory nofe and this mortgaye sM iwlh.
9. That in the event the ownership of the mor'gaped p~en,ises, a any part the~eof, becames vested in • perton orher }?~an the MORTGAGOR, the
A:ORTGAGEE, ip successars and ass~gns, may, without ra~ice to the MORTGAOR, dea! with s~ch successor or auccessw ~n intereat w~th refere~xe to this
mottgegc and the debt hereby secured in the same manner as with Mortgagor w~thout in any way vit,ating or d~scharg~ng ~he Mortgagor~' liabiliry hera
vnder w upon the debr herrby src~red. No iale of ftm premises be,cby mongaged ar.d oo fo~lfeara~ce on ~he pan of ~he /~10RiGAGEE w ita successors
o. ass~gns and no euens~on of the time tor the paymem of the deb~ hercby secured given by the MORTGAGE~ o~ its successors or auigns, sizal~ operate
ro release, d~scharge, modity chang~ or affect the original liab:{ity of the ktORTGAGOR Fxrein, eithe~ in whole u in pan.
!0. ft is speut~ca(iy agreed that time is of the e:sence of ehis tonrrat~ and ~hat na weirer oi any onllgat~on hereunder or of ths oblgstion se-
cured l+ereby shali at any time therealter be held Io be a wsirer of ~he terms hereol w of the inatrument srcured h~.by.
I 1. In add ~:on to ihe fwego nq month!y payments of pnnc pat and interest required by the prom:sscry ~o!e secured hereby, mort~agor covenaMs
and ayrees to pay to mo-tgagee w~fh eath monthiy pdy~:~tM an add~nonal s~m esn~nared by mortg,~gee ro be eqva! ro 1, 12 of ihe dnnual cost of the follow-
ing:
A-All real property taxrs le•.~ed w assesscd agai•~st thc a6ove desc~~bcd re-al estate.
B-Prem~ums on fire a~d win~s~orm ~r.surance as here~n requ:red to be carr~ed on the ~mprovements s~tuate on the above descritxd premiaes.
C-Pre~n;urr+s on svch mo+tgage g~aranty ir.surar.te as mo~~gagee shail (ro:n t rne ro ri~ne deem fit to cany on fne loan sec~red hereby.
Mortqagee ahal! t~om time to rime nohfy mor~gagor in wrinng of the amount due and payable hereundrr and such wm shall ihereupon be due and
F ayabfe on the due date oF the next rnonrh:y paymem ar.Si each svccessive month thereafrer ur,til mortga~ee shall notafy mortgagw of a thange in such
a~~;ouot. Such sums sFa~l ix apptied by morrgager toward the paymenr of rea! preperfy taxes. insurance prem:ums, and mortgage guaranty insurance
p~emiums. '
IN ITNESS WHEREOF, r e sa~d RiGAGOR has herrunto xt his har.d and seal the day and year Iirst afpesaid. /
--`i~~~e~ Seale nd ' ~ ' the presence of: ^ L:~ //~I
. ~~f t~`~ ~
~~A scar e s 'n
, ~Z'Y1t"rt~.:t , .q
(5ss4
rc~~~
STATE Of f[ORtOA
couNnr oF St. Lucie ~ u' , .'-~if^.:`':
eerae ~ ~.,o,,,u,, appeared OSCdI Danie2s
Mamie Dariiels ' ~
his w~fe, fo me well k .••~~:•h.e~ ~ ~
rhe individwls deuribed in snd who axecuted the fotepoiny instrument, and acknawledged befo~e me that they eaccutgtl ~e.' q f 1hi pu~
ihcrein expressed. And the seid N'~IDl@ ~d111e13 _ ~~sd~'?G ~
.v~fe of the ~;a ~ Oscar Daniels ~ ~ ~ `
e.ami~alion by me taken separate artd apart from her seid husband, acRnowiedged to and before me that :he executed s~kf"I~~`'
ranl ~nd w~tFwut •n com ulsion, constraint, a r ~.•~.'.3 . r,i ;
v~~
Y Y P pp s~on, fear of or from her u~d husband.
W I T N E S
S m y F u n d a ~ d o f ficls l ua l t his_ ~ay o r____~ R e
b r u a r ~.i • ~~~.j
t~~~
~ ~ ~tT~..,
% s~rr:~
' Notary Public in a~d 1or the State of flOri a iK~fiiyt `
My Comm~ssion expires:
Ret~rn io:
Firtt feder~l Savings 3 toen Aasociat~on rOj~wr ~V~uC. STA1E Of fL0U0A AT U~6L
Of For+ P.F.ce MY GQNfdISSlii.i twrIKES uCi. }1, 1971
Fon P~erce, flor~da ~OMRiC * ouow ?~es w. o~t~Ti~MOw~t
~tfo ar~D RECORO€~
SL ~UCIE COUMYIf fi~.
IIbCER POIT1tAt
CLfRX C1RCW1
This Instrument Prepared By RiChard K. Kayes ~~~01IfR1f1E0 '1~
F+rst Federa! Savings b loan Association C
of Fort Pierce 1 E8 1'! ~~Q
ch~k~ eY - - 2C~ 5023
_ a~~90 i~3
_ _ _ _ ~
~ _~,u_.. h.__ . u . _ - . ' _e