HomeMy WebLinkAbout0271 3. To place and continuousty Aeep on the bu::d~ngs now er herrafte~ ~~tuate an sa~d !and a~~d un ai~ equip~~~rnt and pe~sonatty covered by thi~ mortg-
age, with •11 premi~ms thrreon pa~d in IuU, fire insuronce .n the vsc~l si.u,de~d ?>o:cy fotm, i^ ~ sum eHpro+ed b~ the 1t1VR~~AGEE, and windstorm
insu~~nce in tha uswl srandard pol.cy fo~m, in a sum appro~ed by the h1JRiGAGEE, in s~:h company ar co~~~parr.es as rhe A~OQTGAGEE may
direct; ~nd atl fi~e and w~nds~oim in~u~ance po~~c~es on any of sa~d lx,~,d,ngs, any ~meres~ ~he~.m or pdrl thrr(J+, in the agg~_gar~ svm afo~e~a+d or
in exteu thereof, shall co~rain thr vwat standard morrgagee c~~use o~ such othrr c~o~se as the Monyayee may req~,re, ~~~+~~~~g ~~~e los~ ~nder s~~d polt
c~aa, each and erery, payab'e to sa~d ~~ORTGAGEE as ~ts ~~~~errst may appear, a:~d each a~~d ev~ry i~ch H~. c~ sho11 be pio~i:N~iy aa: g~~rd a~~d de~ivcird ~o
eny held by said MORiGAGEE at f~nhar setur~ty to aa~J ~~~ortyoye debt, and, not leas thon te~~ (101 da~s in ad:o~~ce of ~he eaNuahon of each po!~ty, to de-
~1ver 1o ia~d h10RTGAGEE a rrnewal thereo(, to9e~her with a rece+pt fo~ thr premwm o} svc:~ ~C~1FJ~A~; a~~d tt~cr~ sheil 6e ~~o f.re or windstorm insvrance
p!eted on any of sa~d b~i!dmgs, any inte.est tnere~n w parr ~he~rof, un'~-ss ~n the fcnn and wr.h ihe ~oss payab!e aa aforeaaid; and in the eveN any sum
of money becomet payable ~rtder such pol:cy o~ pohuos said MORTG~GE~ shall have ~he o~,t on ro rro_~vr :,.~d ap~:y the sa~ne on accou.~t o( the endebtrd-
ness secured hereby or to permit sa~d M~RTGAGORS lo ?ecei~e and ust it w any p.::t u~•~.~•ef ~:.r o:~:~r _;~s. :.:u.;,;t th-~..~. .._~.:~7 0~ ~~>>p..~~-
ing aoy equity, lien o~ right untler w by virtue ol this mor'gage; and in the eve~t sa,d MO+~iGAGORS sh.j'i br any rr3sor, fail to keep tt~e sa~d premisrs so
~nivred, ot fail fo delive~ promptly any of said pofues OE in3urante to sa~d MORTGAGEE, or !e~: p•oniptly to E:~ay l~ily any prc•m„m lhcrrfor o~ in a~~y
respect (ail to perform, d+scharge, rxecute, effect, completr, canply wiih and abide by :his tovc~~r~t, or any p.+rt ho~eof, s.ud h!QRTGIGEE mav p~ace a~~tl
pey fw such insurance or any part therrof wuhout waiving w afFect;ng any opt~on, I~en, equ.ty, o! r.~h~ ~~:de~ or by viriue of th~s hlorrgage, and ihe
!u11 amount of each and e.ery such payn:ent shaU be ~:nmed~ately due and paya!.de and s~~e:~ t~~•ar ~~itcr~sr lrom ~he date th~rcof uniil p..~d at ~he rate ol
n~ne per cantum per annum and to~rther ai~h such mte:~st sha~~ be sccu+ed by the ~ien of th:~ mortgagr_
4. To permit, commit w wfier no v~aa!e, impairmcnt or deteriora~~on of sa~d property or any parf th~r~of.
5. To pay all and s~ngular the costs, charges and expenses. i~dudv.9 a reaso~abte attor~rti• s fer ~~~d cos!s of ab:rracts of title, encurred or pa~d at
any time 6y said MORTGAGfE, because or in tha event of ~he fa.lure on ~nr ~art ot ihe ia~d MORTGAGJR to cl~~y, pio~~NiP~ and fu:iy p~rform, d~scha~ge.
exx~te, efied, canpttte, comply with a~~d ab Je by each and evrry the sup~.a'.ons. a~re~~m~nrs, cond~t~ona, and cevr~~ants oi ~e~d pro~:~„s-~.y ~ote and th~s
.T;ortgage any or e~~he~, and se.d cosn, charges and expenses, each and ever„ :ha~1 be im~.~, d~ar~ty due and pa/aLte; '+cht~ther or no~ ~h~.e be no~~ce d;
mand, atte~npt to co~ieef or suit pend.ng; and the full a~nount of eich and every svch p~yn,:nt ah,,l~ bea~ Inr~res~ from ~he da~e thertol until pa~d at rhe ~
rafe o~ nirte per centu~n pa:r annu:n; an~' all said costs, charges a+~d c~aw:ses i~[~rred ez pa~d, tocrthur ~v~th such ~nieres~, ehall be src~red b~ the Len of th~~
mortgage.
6_ That (a1 in the event of any breach of tnis Morrgage or defaulr on ti,e part of t~:e A'.ORiGAGJR, o. ;b) in rhe event any of sa:d sums of nwney
herein referred ta ~e no: pro+a~ptiy and Fully pa~d within th.rty ~30) da;s neA~ a~~~_r thc s..~~:e sr.e~a'iy b~~_o~~:r d~e and paye~!e, wi~hout dema~d or notice,
or (c) in thr e~ent each and every ~he stipuiations, agreements, tond~t~o~~s and co.enann of sad p:o:n~ssu~y ncre ~nd th.s rr.ortgaye any or e~ther are nat
~vly, promptly and tu~ly perforrned, d~scharged, executed, effected, tanpietcd, comp:.ed with and ab~d~•c: Sv, then ~n enhrr or any :uch eveN the said ag
~•egate wm mensioned ~n said promissory nc,e then rer.~aen~ng unpa~d. w~rh i„~ere;t acc:~ed, and a~~ ~~~o+:eys ucured hereb~, sha:l bccomo d~e a~d pay }
~b~e forthwith, w thereaf!er, at the option of sa~d MORTGAGEE, as fuity arx! :umplere~y as ~i a11 0( t~:r sa~d wrns of n-.oney were or~gma~ly ihpuiated
ro be pa~d on such day, anything in sa.d p~o:n~sscry note or in this 7dort~ay? to the contrary not v~thsre::d.:~g; a:~d there~~cn or thrraalter at the opt~on o1
sa~d MORIGAGEE, wrthout notice or demand, suit at law or in eq~iry, therefore or ~hereafier begy~,.may be p~nsewted a3 ~f all moneys stcurrd hereby ~
nnd mstured pr~or to ~ts ~nsnt~non. 1
7. Tha~ in the event that at the beginn:ng of or at any time pend~r.g any su~t uFwn this Mortyage, or to farectose it, or to reio.m it, o? to e~force
gayment o) any daims here~ndrr, sa~d h10RTGAGfE shall appiy tu the ~ourt having ;urnd.ct~on :hcreof for the a~antment of a Receiver, s~ch Court shaN
for~hwith appoint a.eceieer of said rt:ortgaged procerty ai! and :~ngular, ir,clvd.ng a~~ ~~-d sinquiar the incorne, prolils, iss.;es a.+d revenues from whatever
scwce derived. exh and every of wh:ch, it being eap~eu!y .~ndersrood, is Ferruy mortgaged ai ~f speof~u~ty set forth and desui:x:d in the g~anf~og and
habrndum dauses hereof, a~d such Recei~er sha? have all the broad and effecr~ve (uncT:ons and powers ~n aoyK•~se eonusted by a Co~~t te a Rec~iver, and
r~ch appointment shalt be n:ade by suc~ Co~rt as a~ ad~nirted equ~ty and a~:a~rer of absolute r~jFit ~ to sa;d MORTGAGEE, and wrth~ut refirrence to the
adequacy or inadeqvaty of the vawe of the nroperty mo~tgaged or to tne so.vrncy er :nio!veruy 'of~ se~d'AROR(GAGCR o~ the de~endants, and that sucF+
ienfs, profirs, income, iss~es and rever,ues shall be app:+rd by such Rrce~ver accora~ng to thr lien or equ~ty ot'said MORTGAGEE and the prac?~ce o( such
Co~rt.
8. To duly, prompt:y and fuRy perform, discharge, execute, effect, ccmalere, ca~np~y w~~h and ab~de by each and every ih~ stipuiations. agr~n~MS,
conditions and covenanrs :n sa~d prom~ssory note and th~s mertgage srt for~h. ~
9. ihat in the evenr the ownenhip of the mortgaged premises, or any part ihereof, becomes vested in a person ott~er ihan fhe MORTGAGOR, the
A'ORTGAGEE, it3 successo~s and assigns, may, without nonce to the MORTGAOR, deal w~th such suctessor or Soccessw ~n interest wilh teference to thn
:~o•~gage and the de~t hereby securc~ in the same manner as wnh M~rtgagor w~~haut in ar:y way vfv:a~i.,g or d:s:harg~r~g tF~e ~Aorsgagors' liabihty here-
~r.der w upo~ the d~o: he~eoy secu~ed. No sale of the Fre~~;s>s her~by +nortgaged a^d no forbrarance on the part oi the /JIORiGAGEE or its successors ~
er assigns and no extens:on ef the r~me for the payment of the debt hercby secured given by the 1dOR?GAGEE or its successon or ass:gns, a~~all operate ~
!o release, dacF.a~ge, modi!y change or alfect the origmal Gab:i:ty of the MORiGAGOR herein, ei~her in whole or in part. :
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10. It is sperFicaliy agreed rhat time is of the esse~ce of this contract and that no waiver o( any ob!~gat~on hereunder w of the ob!igation sr
cured hereby shali at any time thereafrer be he,d to be a wa~rer of the terms hereof or of the insrr~menf srcured herby. '
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11. In zdd:T:o~ to fhe fo+ego mo:~th!y paym°nt3 of F:nnc pa{ a~x! inrerest recu~red by the promsscry no!e securrc! hereb~, mortgagor eovenants ~
i a~~d agrees to pay ro r~o•rgagee w~rh each rco~ith!y pay~~:ent an add r~c~}a! sum ~s~ ^ ated b~ morty~gee to be equai to 1, ]2 of the ann~al cost of the foUow-
-,y:
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j A-AI! rea~ proper!y taxrs le•ne~ o+ asszs~ed ag3i~st the above descrihcd real estate. :
~ B-Prem~u~~s o:r ~~re and rvindstorm ~nsurar.ce as h=rein req~:red to be ca~ried o~ the !m,_rovement: s~t~ate on the above desc~ibed premises.
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~ C-PreT~iums on such morrg_,ge gua~anty irsurance as mortgagee sh3tt frcT t me +o t~~n~- deem fit to carry on the loan secured hereby. ~
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Mor!gagee shs~ `rorn t:me to tcne no'if~ mortgagor ~n wrAmg of !hr a~:,oU~t d,;e ar,d payab'e hereund~r and sucfi w~n ~hs:: thareuFwn be due and
t :~.able on tfie c:oe a~!e oi ~he next n:oathi~ payme~it ar.d eacn wcccssive -ronth tnereafier vr,!it mortgagee shalt not fy mortgagor of a change in such
~ a.ount. S~ch svrns s!~r ~ i;e app.;ed by morrgagee toward the payment of ~eaf property taxes, mwrance prem.ums, and merigage guaranty insurance
~ r,~emiums.
E IN ~~;ITNfSS WMEK:O~ rne sad M TGAGOR has hereumo xt his har.d and seai the day and year f~rst aforesa~d.
~ ~ 5 , Se :ed an de'i er e presence of: f~LED ANO RECORD E0 •v` .c l.y
_ _ iL lUC1E COUNTY fLw. a~~
ROCER PpITRAS (Seal}
~ CLERK ClRCUtT C T~c o
~ _ RECORO YERIFIED..~
(Seaq
~ - Mrut ~1 10 ~4 AH'11 ~
~ STATE OF FLORI~JA
~ ~ 2 06 4 23 ~ ;
couHTV oF St . Lucie ~
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~ eefo~e me perwnal~y a Peared Zu a Green- a wldOw 2fld ROb.~Lt _J. Taylor = • and ~
Eula . y ~
~ __Td lO t _ his wifc, ro me well known a~+t) klfp~i/i`fd=: tov ,
~ the indiv~dwls described in and who eaec~ted the toregoi~g i~strvmer.t, and~acknowSedged beiore me that they e:ecuted the. sart~C tor ~e
~ '7 ; - ~%r C.~ .
~ rhe~ein eapressed. And the said- E~a ~s e_Ta-y O r--------------- -
~ N~?e of the sa~d RO~rt .J._TOylOr--------------- uppn ~Od pwJat~::~~-
~ e~am~nat~o~ by me taken sepa~ate and a~~t (rom her sa:d husband, atknovviedged to and lxfore me that she executed said insNu~r~'~~y~?d GD~uo-: h-
_ rar~ly and wnFw~t any compuls~on, canstra~nt, appre L o? tear of or fram her sa~d husband. - r.~ ' ~J
Tn
- ~YRt~ESS my hand and otfic~ai sea! this _ day of_ i '1~;~~
g - , • ~t
3 s i
NT~ ~
Norary P biic in~
t~e St e of Fbrid~ ~t ~fl11j°.t' .
My Comrri~ss~on r
Retum ~a PICTARY .^:'OLIC ~TR~ ~ fLOR~JA AT lAR3E
y Firu Feder~l Savings 8 loan Assoc~at:on i i." .`.:F~s10t~ EXPi:t~3 ~•7AR. 'L 197~
~ F~~, GENERAL INSURANCE UNDERWRITERS, INC.
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F~.e P~..,~P.
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This tnstrument Prepared By RiChard K. Kdyes
y,~ First Fede~al Savings 8 loan Association
~ of Fort P~erce
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= Checkeci BY - _ _ . _ D N _
a~oK ~~1 z~o
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