HomeMy WebLinkAbout1561 3. To place and coroinuous~y kaep on the bui'dings now o~ hereaiter •~tuare o~ sald land and on aR cq.,~p:~:ero and peno~atty covr~ed by Ihis mor~g-
e9e, with all premiums thereon pa.d in lull, f~re +nsu~ance ~n the ~sual st~ndr.J pd~cy furm, m a s~~n aHt>roved b~ thr ~l?R: ;:.vEE, a~~d windato~~n
insurance in the usuai standard po!:cy fo~~n, in a sum appro~ed Ly the MORIGAGEE, in such co~npa~~y or mn,pan~es as ~he A50RiGAGfE may
direth and all (ire and v.~nd~lorm in3uro~ce poGuct on anY o) said bu~!d~~~gf, any iroeres~ ~hcirin or ~a~t th~•rroi, in the ayg«gate s~~m sforesaid or
in excess the~eof, shall coroain the usual sra ~dard ~nor~gagee dause o. such aher c~,use as ~he Irlo~tyagee may reyu.~e, ~~ai~ing rh~ :otis ~ndrr s~:J poti-
res, each and every, parab!e ~o sa~d A~ORIGAGEE as ds in~aresl may appear, and each aad e~ery svsh pa:~cy shall be pro~r~N~~y assyncd a~~d dci~vcrrd ro
any held by sa~d MOR!GAGEE as furihrr secu~~ty to sa~J r•~ortgage debt, and, not !ess ihan r..•n (1J1 da~s i•~ ad:ance o~ th~ expua~~o~~ of ~~ocn poi~cy. to de-
Gver to seid MORiGAGiE a renrv.•al thereof, together wi~h a rece~pl for th~ prrn:~um o1 svch rene~~:; ~:~d ~here s~~elt L•r ~~o i~re or ~~s~c~~n ~nsurance
plaeed on any ot said build~~gs, any intcrett therr.n o~ part the~euf, u:~:ess ~n ihe lonn a~~d ~.~~h the ioia pa~;~~!e ~s aic.esaid; and i~, the e~em any sum
of rtwoey becomes payable ~ndrr s~ch polSCy or po!~ues s~~d MORIGAGEE shail have ~hr eHi~on ro rec_~:r ..+~J apF'y ~t~~ sa~~~r on dCCJU:~1 of the ind~bted-
neas secvred hereby w ro perm~t sa~d J'AORTGAGORS to ~ec~•~ve and use it o~ ar~y ;:.~~t in:•..~oi o:~~• r~.,,~; ~s~s. ..n~::..r th ~•~~F..•'-
ing any equ:ty, I~en w right under or by virtue of th~s ma:tyage; and in the event sad MO~TI;AGORS shalt !or ar~y reason fail ro k~cp the sa'•J prC~n~1~~3 :o
i~sured, Or fail ro del~~er ~xO~nptly any Of said pol~tirs C) ~nsura~<0 f0 Sa~d MU~i1GAGfE, or fe~: prarp'~y to ~~ay I~~ly ony {~:a~~~+~~•n ti~crotur or in a•~v
rospect iail to per(orm, dhcha~ge, executa, etlect, complete, canply wi~h a:~d ab~de by th~s cuv~n~•~!. or any pa,t h:reef, s.,:d n1~R~~aG~t may p~ace a O
pay fw such insurance or any part thereof w~thout wa~ving w aflecring any Ophon, ~ien, eq~~~ty, Or r.3hr u~~Jer or by v~~~~e ol th~s A~.o~tga~e, and thc
full amount of each and every such payme~m shalt t~e ~m,med:ately d~e and payable a~,d sh,~il b~-ar inrrr~sc tro~:~ ~ha da~? rh~~rcof unrii p.,~d a~ ~he rafe ol
~u~e per centum per annum ~nd to~eth~•r v.~rh wch intzr~sr siu~i ve secvrrd by ~ne iien of th.s morryage.
To pe~mi~, commit or suffer no waste, impairme+u or drtenoiahan oi sa~d properfy or ony part ihrrcof.
5. To pay all and singutar she costs, charges and erpensrs, inci~du~g a riascnabl~ anor~wy's iee ~~~d costs of absr.acts of t~t:e, inwrred or pa~d ar
any t]~r.e by sa~d MORiGAG`.E, because a in the event ot the f,~.!ure o~ ~he pa~t of ihe s.,~d hlJR1GAGOR ro d.:ty. p~o:*~N~ly a~~d f.,.iy p.rlplm, (~~scharye
zaecute, eNect, tanptete, comply w~th and ah.dr by ea:h and rvery Ihe shpv:ai~cns, agrc~~:n.~nts, m~~J,t~o~u, a~,d covr.~a~~ts of sa~d {:ro n~,~ury note a~~d th~~
.rorrgage any or e~rher, and sa.d costs, charges a~,d exFenses, eaeh and every, shail be ~m~:~d~~~~•ty due and F~ya~i~•; wt~a~her o. not ih~•:e br not.ce d~
mand, at~empt ro coiiect or svit pend.ng; and the fu~l amo~nt oi rach and everY wch p,,n~eni at~,,i~ b~•a. ~n~_:c++ irom thr dare the~eof ~ntil pa~d at the
r~i~ o~ n~ne pc~ c~nt~•n per an~w~r anc: all s~id costs, cnorges and cx:;~•~~srs [rx~:r~d or p~:d, toy.:~i.er w~~h s~ch ~nteresl, sh~U be sew~ed by the l:rn o1 th~f
mwtgage.
6. That (a) in thr evem of any breach of this Mortgage or deia~4 on t!,> part ef the L'.ORiGAG^P,, or ;L) :n the event ar.y oE sa d s~~,u of money
herein ?eferred to bc` nOt promNtiy a~d ~uny Pa~d with~n thvty ;30; d,rs ne~! a•!v~ the z.+~~e se:,•e:iy beco~+x d~e and payab!e, w~tho~! de:nand Or notite,
or (c) in the event each and eve~y the stip~latio~s, agreements, cond~s~o~~s and co~enanrs of sa d~~ro<<~~ssu~y ~wra a~~d ~h.s nio~tgage any or eaher are no~
~uly, promptly and fu~:y pe~fo:~ned, dscharged, eaecvted, eftrcted. cwnplefed, compi~ed w~ch ar.d au~d<-d '~y, then ~n enhrr w any wch event the sa+d ag-
3r~ate s~m mentioned in ta~d p~omiswry r.ote then re~nain~ng unpa~d, wrth intr+r,t occrurd, o:Ed ~e.oneys s~~cured hereoy, shaii beco~ne due and pay-
abie ~orthwith, or thereafter, at th~ of~t~~n of said MORiGAGEE, as fuily a~~d completr~y as if ait o~ t1,.r s~~d s~nu cf n:one~ v~cre o~.g~na:ly ss~p~:ated
ro be pa~d on such dey, anyth~ng ~n sa d p~o:::4ssory note or in fhis Mortgage to the conrrary nor„~thsta~~d,ny: a~~d ~ner~•~Hon or thrreaftr~ a+ the op~~on of
sa:d MORTGAGEE, wrthout not,ce a~ demand, su~t a1 law or in equ~ty, therefore er tnerraiter b~gun, may L-e prusecuted as it a!1 moneyt secu~ed hEreby
nad matured pr~w to +tS tr.3~it~1~On.
7. That in tha event that at the beginn:ng of or a1 any t~~ne pendi~:g any s~~r ~poo th{s N~or~aage. or to forec;ose it, or to reform i1, or to enforcr
FjYment o1 any cEai~ns hercunder, sa~d ~dORTGAGEE sha11 app!y to fhe Court having ~ur~sd•ct.on thc~cot !or the aepo~ntment of a Rete~ver, such Covrl shail
Fcrrhwi~h ap,~o~nt a rece~ver o( sa~d morrgaged procerty all and s~ngv~ar, inct„d.ng v~i a~~d s~~~g~~ar n•e :~~co~ne, prof~~s, issues and revenues Irom wh~tever
source der~ved. e~cn a~d every of wh'.ch. ~f be~ng express~y unders~ood. ~s ?~errby mertgaged as ii s;.ec ~~caily set Sonh and desu~brd in ~he g~ann~:g and
habendum cla~ses hereof, and such Receiver sha11 have all the brcad and effec~,ve funct u~~s and po.~e~s m any.~•~se e:~twsted by a Gourf to a Recriver, a~:d
s_ch appointme~~t shili be made by such Coun as an ad~ni:tcd eq~ity and a nwtter of abso!ute nght to so~d MURTGAGEE, and v~~theut reference ?o thz
ad^q~aty o~ inadequacy of the value of the property mortgaged or to the so vency or ~mo~.encp of sa!d IdOR~GAGOR or the drtendar,ts, and ~hat wch
rr^,rs, Froiits, inco~ne, ~swes and cevc wes shaff be applied 6y s~ch Recr~ver ac:ord~r.g ro ~ne I~en or eq~~ty ot sa~d MORIGAGEE and the prachce of such
Court.
8. To d~'y, oromptly and fu:!y perform, d~scharge, execute, eifect, compiete. cort:p~y w~+h and abide by each and every Ihe stiputations, ag:ee~nents,
:enditiona and cov:nams ~n ia~d prom~ssory note a~d this mortgaye sr+ forth.
9. That in the eve~t the ownersh;p of the mortgaged prem~sts. or any part thc~eof, becomes +ested in a person other than the MORTGAGOR, the
b'.ORTGAGEE, irs svccessors anJ ass~gns, may, withov~ non:P to ~he A1pRTGAOR, deal wnn s~ch successor cx iuccessor in :nteresi with refeience to thia
rt•o~tgage and the deot hereby secured in the same manner as vvi+h Mortgaoo+ x~thout in any way vit:atinq or d~scharg~ng the Idartgagoii Gauility here-
v~:der or uFa~ the d:•bt hereuy sec~~ed. No sale of the Frern;ses hareby rnortgaged a~d no fo~bearance on the part of the /J{ORiGAGEE cr i!s s~ccesso+s
or ass~q~s and no exrens on of the t+me 10* the payment of the debt hereby sec~red g~ven by the lAJR1GAGE~ o* irs successws w ass:gns, s~.all operate
ro release, d~scharge, n~od~iy thange or aflect the o~:g~nal liau.I.ty of the ti'•CRTGAGI'~R herem, e~tt~r in whole or in part.
10. It is spec,i~c~~iy agreed ~har t~me is of the essence of this co~~rac~ and that ro wa~ve, of any ob"ganon hereunder or of the obligation sr
c~,red hereby shah a~ any time thereafter be hel~ ro be a wa~ver of the terms Rereof or of the ~+~stru~r,em sec~red herby.
I1. In scid !.c:; to ih~ forege ~~9 n;cnth!v ~zayments ef p:in[ pa': and i+:•,rest req~~r_d by th~ prcm 5>cry no'c s~tu~rd he•eb~. mC'tga3~r CovendMs
~^d ag~ees to , ay to n:ortgagee w~ih each men~h y pa~~ ~ent an add.~•onsl w~~ cs•~~• ar~•d b~ mortyi~re ro br e:~.:a~ to 1, 12 of t:,.• an:~.:;al cost of :he foliow-
~ ,3-
~ A-A'i rca'. prcpe~ty faxrs ~evie~ o~ assesse~i ag~i•~st the above described r_al es!ate.
` B- Pr, r. •u :~s ~n fne and w~r-dstor•n inwracte as nere~n trg~:red to be ca•rS: d e~~ ihe :m;.rove~n~~~ts s.t~ate on thi~ above d_sc~~brd premescs.
i C-Prr~n:~~• s o~~ s~ch mortg:~ge gua~sn!y ir.w~ar:ce as mo~tgay~e sha:i f:c r r r..e ro t.~c• d~ e~n fit to carry on the loan secuced hereby.
's,
Mortgagee s!~~' .om +~"~e ra nn:e nc!~~, rrc.ryagor !n wnt,ng of the a--o;,~r d.;_ .~rd payable hereu:~dar and s:.ch su~» sha!1 th~•~eupcn be due and
t :.~,able on the d~e aate ef the n_.t month:~ paym~nt a+~d each wccesvve ~-a•:'h nc~-eaff,. u~.tl: mcrtga~ee sha!1 not~fy mert._~.~gor ol a change in such
d e-~ount. S~ch sums s~ a ::e arp ied by mortgay•re tovta:d the payn~ent of re.~l property taxea, msvra ue prem ums, and mo:tgage guavanty insurance
€ ::•emiums.
f IN ~YITPIE~S '.':HE~COF the sa:d MORTGAGOR fias hereunto set his ha~-d and s•~al rhe day a year fint aforesa~d.
4 igned, ed r,d ~ed -n the presence of: -
~ G'?'~i Qf-1DlJ~ (Seal)
c R
e ~ _ ~ll\ (Sea!)
~ -
2 _ (Seal)
~ - - (Seaq
~
~ SiATE OF iLOR:DA ~
~ St . Luc ie u-
~ COUYTY OF _ 1
~ Be~we me persona;Iy appeared ~ri8110 d8 NiPuel _ and
~ ~81`~~1 d@ M~$llel _ _ h~s wife, to me well known and known to me to be
~ the ind~viduats descr~bed in and who Exec~ted the for tr~mery acie ledged before me that they exec~ted the same fw the purposes
~ rhe~ein expressed. A~d the sa~d------ ae -
Hariano de IYliguel
rv~~e of the said _ - uFon a sepa~ate and private
~ a.am~narion by R~e taien sepa•ate and apart from her said h~sband, acknow~edged to and beto~e me that she exec~ted sa~d instru:nent free~y and volum
rar~ly a~d w:eho~t any compufs~on, cor.st~aim, apprehens~on, q fear of or from her sa~d husband.
[
~ WITNESS my hand a~d of/ioat seaf th~s_ A-- _ day of___ A. D. 19
Notary Gu c in end !or the state of F~orida at large
My Com, sion expires: L 7~
Ret~rn To: ~ ~
Y First Fedcral Savings a Loan Associahon a~.,,,,,, ~ ~ ~~-Z'9P
es• ;
~ Of ;o•, P...c~ v . ~ . . ~ir~
5 fort P~r~ce. Fior:ua -•.j`' ~ _ ~,s: 5. ~ . .;e ~ .a:.
.K - ~:.:_°`~y '~(~,i27'f~
' • r f~~EO aM~ RECORDEO
- : Cr.~ ~ • . ST. LUCIE COUMTY FIA.
P.OCER FOitRAS
- This Instrument Prepared By John K. ~p ~;~G'~? C~ERK CI :CUIT COURt
_ First Federal Savings 8 Loan Association ~1 - RECBR~ VER~FtED
; •
u of Fort Pierce , Florida ,?!'_•Q . ~ - ~
~ ~ ' ~ ~
Checked BY '''v~ i~~~~S~+~` ` s9 PM
~
(I D. •i U ~
a~CR 1~7~ ~55J 13 g
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