HomeMy WebLinkAbout1563 To place and continuously kcep oo the bu~:dings now or hereafier ~~~ua~e on sa~d ~and and on aii ~~qu~p«tem and pe~so~ally corered by ~his mor~g-
ags, w~th all prenu~rns thereo~ pa~d in full, Gre ins~rance ~n ihe usual ss~~~~rd po,~cy iorm, i~ a s~~~• aE~~o~eJ by U~r h1JR~~AGEE, and windstonn
~nsurance in the usual s~andard po~•cy form, in a sum aFproved by ~he MORTGAGFE, in such con+pany or co:npa~~~es as the A10~iivAGEE may
d~rec~; ~nd all (i~e and w~nditorm insu~ance pot~c~es on any of said b~~id.~gs, any interest therein or pa~1 thrreof, in the agg~egafe :vm aforesaid or
in eaceu ~hereof, shall co~tain the ~wal s~a~~dard ma~gsgee c~ause or wch o~her c~~~se as the Mortgayze may requ~re. ma?~n9 t1~e ~ois .,~~dr~ sa~d poti-
c;es, each and every, payable to said MORTG4GEE as ~ts +mrrest may appear, and each and e~e~y sucfi po+,cy sha11 be promyt~y ass g~~ed a~~d del~vcred to
eny held by said 610RiGAvEE as funhr~ secur~ty to said mo~egage debt, and, not less than trn ~101 days in ad~ar.ce of tF~~ expuauon ol each po~~cy, to de-
liver to said AIORiGAGEE a re~ewal thereof, together wi~h a rece~p~ for the p~em~um of such rene~ai: a~~d the:e si,all L•r no f,re or v~h~da~o~m insurance
plactd on ~~y of se~d build~ngs, any intxest there~n or part thr~eof, unless ~n the fonn and w~~h the loss payable as a+oresaid; and in 1he e~en1 any sum
of mooey becon~e~ payable under such policy or pol~c;es se~d MORTGAGEE shall have ~he opnon ~o rec•.~v~~ .:~,d a~~F.y tha s.+~~~e on accou:~~ of thr ~~~drb+ed-
ness secured hereby w eo perm~~ sa~d MORTGAGORS to rece~ve a~~d use it w any p~rt ~he:eof to. o:~~• ~ Hu~; os~•s. .:.~;~.,..f i?, cr ~~~,p..~r-
ing any equity, lien or r~ghl under w by virtue of this mor•gage; and in the eveM sa,d MO~iGAGORS shal: tor any reason fail to keep the sa~d p~em;s~~s so
~nwred, o~ fail lo deliver promptly any of sa~d poi~c~rs of insurance to sa~d MORTGAGEE, or ia~, p:o~npt+y to pay tu!ly any pre•nw~n ihrr~•fo~ or in any
respect lail ~o per(orm, d~scharge, xaecvte, efFec~, comp~etr, comply with and ab~de by thif tovenant, ot any par~ hrreoi, so~d MORT;,AGEE m,y piace a~~d
pay for suth insurante or any part Ihereuf w~thouf waiving or affecting a~y opt~on, lien, equ~ty, o+ r~~ht ~nd~~~ a 5~ v~r~ue of fhis lU~ortg~ge, and the
tull amc~m o4 each and every svch payment shall be im~ned~ately due and payable and shail brar ~ntenst fwm tha dare thereof w~fil p.,~d at the ro~e of
n~ne per crntwn per annum and ~o~rther v~~th such ~nTerest shaic br st:wed by fhe laen of thh morigaga.
1. To permit, commit or suffrr no waste, impairmero or dc~eriorat~on of said prcperty or any part thereo(_
5. To pay atl and singula~ the coats, charges and expe~~ses. ~~ciud~ng a reasonabte attorney's iee a.~d cos~s of abstracis o! GHe, inc~nrd or pa~d at
any lime by said MORIGAG'E, because w in the event of the fa~lure on ~he pmt of the sa~d b1URiGAGUR to du:y, pro ~~ptiy and fu::y prrform, d~scharge.
execute, effect, canp:ete, compty wnh and ab.de by each and ev~~ry ~he stip~latio~s, agrre~~~rros, cor.dit~ons, and co~ena~~fs o1 s.,,d pro~~~~~so~y not~ and ~h~~
nwtgage any or e:ther. and :a.d costs, cha~ges a~~d expenses, each aRd every, shall !x im:ned~atcly due and pey.,b:~; wh_~h•~~ or not ~hrre be no~~ce d~
mand, attempt to co~'~ect or auit pendmg; and the fult amount oF each and eve.y s~ch pa~ment shall bra~ ine_-re:~ from ihe dafe therrof u~.til pa~d at the
~.~+e o~ nine per centwn per a»~w:~~; and all said costs, chargra and rx~rrses ~ncwred or pe~d, togethar ~r,th sucn ~ntr~ast, shall be src~red by ihe i~en of th~s
mortgage.
6. That (a) in the event of any breach of this Mortgage or defav~t o~ th~ parr of ~ne htORTG ~GOR, or ;b1 ~n thr event any of sa d sums of ma~ey
here~n referred to be not pfompt:y and fully paid ~itn~n ~h.~fy t30) d~rs next a~~~~r ~he sa+~~e se.era':y bec.~~,~ d~e and pay~~!e, w~tt.cut demand or not~cc.
er (c) in thr event each and every ~he stip~Ia!~ons, a~reements, co~d.s,o~+s and cu~enants of sa d Frron,~sw~y norr a~,J ihs nw~~goge any o~ enher a.e nol
~ufy, pron,ptly and fully ~erfo:med, d scharged, eaec~ted, effected. cat~p;ered, compt~ed with and ar.~dc•d yy, then in enher o~ any wch evem the sa~d ag
g~egate sum mentroned in sa~d prom~ssory note ihen remaining ~t~pa~d, w~th i+e?ere;t accwrd, a~~d e:i mon,.•ys sec~~red hcreby, shatt bcN~»s d~e aRd pay-
ab;e forthwith, o: therea(te~, at the opnon of sa~d MORTGAGEE. as fu~Iy a~d comp:eccty as ~f an of r!,_~ s.~:d su.~s o( n:oney wcre or.g~na+ly s~~p~:ated
to be pa;d on wch ~~y. anything ~n sa d p~e:n~ssay oote or in this Alortgage to tha conrrary not.~rthsf~:~d.:~y; and tho~e.,y:en or thcreafter at the o~t,on o(
said MORTGAGEE, v.~thc~t not~ce or drma~:d, suit at faw or in eqwty, therefore or thereaher beyun, may be prosecv~rd as if atl moneys secvred hereby
nad matvred p~~or to ds inititut~on.
7. That in the event that ar fhe beg~nn:ng o1 a at a~y time pendfng any su~t upon rhii Mort~age, or to !oredose it, or ro re(crm it, or to enforce
payment of any c!~~ms he~eunder, sa~d MORTGAGEE ahall app~y ro the Co~rt hav~rg ~vr~sd.cf,on ;i:ereof fu. the apNomt•,:ent of a Rece~ver, s~ch Cou~~ shad
fonhwith sppo;nt a rece~~er of aa~d mortgaged procerty all a~:d sing~tar, inciud ng a:1 a~~d s~~~g~~a~ ~he ~^come, p~of,rs. ~awes and reve~~rs from whatever
sour~e derived. each ar.d eYery of wh.ch, n tv~ng e~prrssly unden~ooci. ~s he«by mr.~gaged as +f spec.i,co~!y srt fo~ih a~d descnbed in ~he g~ant,ng and
habendum cla~ses hereof, and such Receiver shaii have a~1 the broad a~~d rffec!~ve fu~~.f o•.s and po.,~ers in anyw~>e entr~sted by a Cowt to a Rccriver, a~~d
s_ch appointme:~~ sh~ll be made by such Covrt as an admrtred equ~ty a~~d a n atter of a: so~u~e ngM to sa~d AIORiGAGEE, and w~shcut reference to the
adequacy or inadrqurcy ot rhe value of the property mo~tgaged or ~o rhe so.~ency er ,~~,o :~•ncy oi sa~d MC3R~GAGOR o~ the defe.,cia~~fs, and ~hat wch
r~~~~s, proiits, incca:e, essues and revenues sha!t be appiied by such Rete~ver ac.ord,ng to the lien or rqu~ty of said MORTGAGEE a~~d the pract~ce of such
Court.
8. Io d~~y, prCmpt:y and 1uliy p~rform, d~scharge, execute, effect, co~*:plete, comply v~;~h and ab~de by each and every the stipu;atioos, agr¢ements.
,ondi!ions and covenan~s ~n sa~d promissory ~ote and ths n,ortgage set iorth.
4. Thar in the e~en! the ownersh~p of the m~rt~aged premises, or any part tncreof, hecomes vestcd in a person other than the MORTGAGOR, !he
ti'ORTGAGEE, its w:cessors and assgns, mey, witho~t nonce to the MORiGAOR, deai w~;h euch wccessor or suuesso~ m enterest wah relerence to th~s
mo•~gage and the d~bt hereby secured in the same mannrr as .rnh 1Aortgago~ wnhour in any .vey vit ating or d~scF~arg~ng the MorTgagori liab~tlty here-
~r.der or upon thr debt hereby sec~red. No saie of the F~e~r,~ses hrreb~ ma~tgagrd a~~d no to*bea~ance e:i the pan of tnz /J10RTGAGEE or its succe>sors
or ass~gns and ~o ~¦rens:o~ of rhe t~a,e tor thr payme~t o~ the deu~ hr~eby sec~red gl~en by the MORTGAGEE or ;ts wccesswa or ass;gns, a~~all operate
ro re!eas~, d~scharqe, mod~fy ~hange or aHecr the er~g,na( I~ab.l:ty of ~he MORlGAGOR t:ere~n, e~ther m who~e or in part.
10_ It is spec:fic.,;;y agreed that time is of the rssence of th~s coniract and that reo waive~ of any ob ~gat,on hereunder or oi the obiigation se-
c~red hereby ahat~ at any time thereafter be heid ro be a wairer of the terms hereof or of the instrvment secured herby.
1). In ,;;id' o~ 'o ti,e ~orego ~~g ~ o^.th y~aym_nrs of p:~nc ps~ and ~n*,~es~ reqc:red b/ tki~ ['rom sscry i:c'c s::ured her~b; n:o•tgagor :ovenants
+=d agr~es to pay ro:~~.o•ryagee v~~th each ~nen~h y pa,•.•.ent an add~r~onai sum es! n,ateu b~ mortg.~gee ru l~e equa~ to 1 1~ of ti~e ~m~„ai cost of tF.e follow-
~:g:
'i A-A!I rea! properry taars iev~ed or assess,d egi~•~s! Ihe above described re+l es~ete.
B-Pr:~~.~~ r•s on firc and wmdseor~~, ~nsurarce as isere~n reqJ red tu be ca•~~~d e•~ !ne ;:rov~•nc~!s s tva~e on the abovE d^xribed premises.
! o qe ua•anty ~cs~ra~ ce as mortgagee sha:f fror r me 'o . z drrrn f:t to carry on the loan s•_cvrrd hereb
C-Prem:ums o~ wcii rm rt~ 9 Y-
Mortgagee sha'' f•c•n f^n._~ to r~:~e ncniy :no.r.,sgcr ~n in,rif~ny of the ~~ro•.~t do~ ard peyabie her2~nd.~r a:id s•~ch su~~ sha~l thrre~F~on be d~e and
;.~yable on ihr d.,r ee+e ef ~F.e rr.t :~:onth.y pay *_nr and e~ch success~ve rror,rh ri,e:eatr.. ~cr~: mcrtg~gee sha!! no+.fy r.:or~~agor of a change in such
i
~ 3•~ount_ Such s~ms s~= ~:e appi~ed 'by mortgag~~z toward tiie payment of real property taaes, ~nwrance prem.ums, a:~d morr~age guaranty ~nsurente
~ p+emiums.
IN WI7NE~5 :VNfR~O~ The sa~d MORTGAGCR has here~nto set nis ha~•,d and se~t the day and year first afcresa~
€ 'n Signed, Sea~ed an de'~~e.ed in the presence of: , \
~ ~
~ _ ~ (Seal)
¢ _ • _ (Seal)
E _ al)
~ -
~ i (Seal3
„ STATE OF FLORICA ~
~
ST. LUCIE '
~oUNTY OF _ _ (
~ Befwe me personally aP~a~~d _ Regis D. Tzefelner_ ,,,d
3 Genevieve S. Trefelner
~ his wife, to me well known and knowr, to me to be
~ the ind~vid~als desu~bed in and who executed the foregoing instrument, and acknow:edged Eefore me that they executed the same fw the purposes
~ Genevieve Trefelnez
iherein expressed. And the ta~d_ _
~ ,ti~fe of the sa~d _.____~Q~1S TZef@IDeZ upw, a sepsrote and privat~ '
~ e.am~na!~on by me taken separate and apart from hPr ia~d h~sband, acknowledged ro and be`o.e me that she e,cecuted said +nstrvment freNy a~~d volun-
~ ranty and wdhout any computsan, constra~nt, apprehens;on, or fear of or fr~m her said husband.
~ /
- NiITNESS my hand and offic~at seal th~s_ -__~~aiCl' day of___ A. D. 19_?1
- ` ,7
- ~'_..-r~ _~-_t~~~~:
Notary P~t:~c ~n end for the State of fiorida a1 lar9e
" My Comm~ssson ex ~rrs:
~ Rerurn To: ~.•~~•u~~~~",..,,, NOTAR1f PUB~1C. S1ATE OF fLORID~ AT iA~E
~ First Federal Savir.gs a loan Associar,an 'Z ~~'~~MY COMMISSION EXPIRES SEFT. ~ j9]3
; •~F, BONDED (HRU fltED w. DIESTELHORST
:
ps ~crr P t ce ~ . .
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Fort V~~~•ce Flar~la C .3•;~~(~~ }~.il% . ~0,~~
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' ,~.rt..~':~~j=, : ti- •
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%`r. ; ' ~ = - ~ FILEC AML RECORDEO
This Instrument Prepared By John l~. .FD ~~t,s; J-~C St. IUCIE GO~NtT FtA.
~ . ROCER POITAAS
= First Federal Savings & loan Association CIERK CiRCUIT COURT
~ of Fort Pierce , Florida ~ ~ RECOP.D vER~~1E0`~
~ ~
~ Checked B ~ ~ 2 0o PM ~ T)
~ Q ~ J'~L.
~~oK1~0 156p ;
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