HomeMy WebLinkAbout1137 3. To place and continuously keep on the bui'dings now or hereafrer fit~ete on sa~d land and on all eq~~pment and persona~ty covered by this mortg-
ege, with all premiums thrreo~ pa~d in fuU, f~re inswance ~n the us~al 3tandard }w!i~y iorm, i~ a wm d~.NfuvNf~ by tiie tdOR~vA:;EE, and w~ndstorm
~ni~rance in the usual s~andard poLcy form, in a sum approvrd by ihe MORTGAGfE, in ~~ch Company o~ co•n+?an~es as thr MORTGAGEE may ~
d~rect; and a~l tiro and w~ndstorm i~swanca policies on any of sa~d bu+;d.ngt, any inre~asi the~rin u~ ~arl lher~uf, in the eggr~gaee su~ aforesaid w
in excess the~eof, shall conrain ~he ~aval ~~a~dald mwtgagee clause or such otha~ ciausa as 1he Mortgayee may reyuue, meA~ng ~h,: Icss undr~ s~~d poli-
ues, each and every, payab~e to sa~d A1pRTGAGEE as ~4 im~•;est may appear, ar~d each and every auch E;o:~cy sha11 i~e prompity ass gncd and de:~~•ared to
eny held by said h!ORILAG~E as iunha~ se.vrity ro said mo~tgo~e debt, and, not Irss than ten (10) days in advance of the eapirahon of each potity, ro de-
Lver lo ?aid MORTGAGEE a ranewal thereof, ~ogether with a rece~pt for ~he premwm of svch renewa!; and ~here shail ba no f~re o~ N'u1{J410N~1 inswance
pfaced on any of sa~d b~ildmgs, any interesl therein or part fhercaf, un!rss in thr (o~:n and w+~h the loss payab!e as aEores.~id; and in the eYeM any sum
of mpney beco~~rs payablr uoder such poGq or pol~c~es said M02TGAGEE sh.ill i~,~ve the oN;,on to ~ece~.•e .~~~d app!y tha san,e on acco~n~ of ihe indabtrd-
ness secur~ he~eby or to permit said MORTGAGORS to receive and use it w any F~:.rt ~hr:~~of for o:~~• r~.ur, csrs. :.nno.:: eh •n u; ~r ~~r.puH-
~ny any eqwty, l~en o~ ~~qht under w by vift~e of this mo~'gage; and in the event sa d tiIORTGAGORS sh.~!I Eor any ~rason fa~l to k~ep the sa~d premises so
~naured, or (ail to delivc~ prompNy any of said pol~ues o1 insurance ro sid MORTGAGtE, or t~~l promF,tly to pay fu:ly any prem,~~n therefor or in any
respect (ail lo perform, d~scha~ge, exec~te, effect, cumptete, co:nply wirh ar.d ab~de b~ fh~s covenant, or any pari hereoi, sa~d M~iRtGAGEE n,ay place a~.d
, ay fw wch insurante or any part thereof wnhoul waiving or affedi~ig any opt~on, lien, equ:ty, or r~ght undcr or by virtue ot thfs Mortgage, and the
'~!I a~~n1 of each and e.e~y wch payment shall be immedfately d~e atid payable and shalt ~,.~ar inter~sr from rh~ d,,te thrreof un~~! p„~d af the rate ol
~~~~+e per centum pe~ annwn and ~u3rthrr mith svci~ intrrst shal~ be srcured by the I~en of thh mortqaga.
1. To pe~mit, eommit or suffer no waste, impainncnt or drteriorafion of sa~d preHerty or any p~rt thereof. i
~
S. To pay all and singular the costs, charges and expenses, ~n:l~d~~~g a r~asonab!e attornry's lee s::~ cosn af ~bstrrcrs oi title, incwrrd or paid at :
any time by said h1~RiGAGfE, because or in the event of th•_ fa~ture on ti~r part ol ~he sa:d MJRiGAGVR to duly, pro•~~NNy and fui~y +x~lo~m, d~scha~ge. ~
eaecute, effed, complete, comply w~fh and ab.dr by each and every tt~e st~p;,~ae~ons, ag~~•ements, co•^.dnions, and tavenan~s of sa~d prorn~;soiy nate and ih~s
r,ortgage any o~ ei~her, and sr•d costs, chargea and expenses, each a~d vvery, sha~l be imm~d~a~~~ly dve and ~aya6:r; vvh..~+her o~ r~ot ihe~e br ne~~ce d~
mand, attempt fo co~tecf w svif pendmg; and the fuI! J:noum of each ~nd eve.y such pa,n,rnt sl~all bea• interest from Ihe date the~eof ~ntil paid al the
•.;tr o? nn~¢ per centu~n p~r annu:n; and all said tosri, tharg~s and a,.~~~~ues inturrrd or pa~d, tey~ther w.th sucl~ ~nte~rst, St~ail be sewrrd by the l~en of th~s
mortgM~p,
6. Thaf (a) in the event of any breach oF fhis Moregage or drlauit on tha p.~rt o! the !>10RiGAf>^R, or ,h) ~n the evem any of sa d aums of money
herein ref~rred to be not pr~nptly and fvlly paid withi~ th:rty ;3JS d.;~s nc~t a•t_. tne s.:~~e sc.era':y Lr~o~nr duc and pa~~l:'c, w~~i,o.tt demand or nohce.
ic) in 1he event eath and every the stipu~at~ons, agreements, ce:~d~t:oes and covenants o' sad F.ro:~~iu~r~ ner~• a~~d t?~,s rrrorrg,;ge any or e+~her are nol
j~4y, prompNy and f~lly performed, d.s:harg•,d, executed, etfected. co+np;eted, compi~ed w~:h ard ai+~J~~d 5~r, then in enh~r or any xcch event the said a9•
gr~gate sum ment~oned in ;aid prom+ssory note th~•~ re:na:n,ng ~r.pa~d, v.ith ir.terr;r acuued, or.d e,i nw~~r~s utu~rd hr~eby, shall VEWi11Q d~e and pa~-
ao'e forthwith, o~ rhereaher, at ~he opr:on ol sa~d MORTGAGFE, as 1u!ly mu1 complririy as if a~i oi r~,~ s~:d s~ms ef mo„ey werr or~9~naify snp~~ated
to be pa~d on suth dcy, any~hing in sa d prom;ssory note or in this Alortgage to 1hc co~etrary notw~thsu.;dl:,g; and th~reupon or ihrreafter et the Op1~on o~
siid MORTGAGEE, w~tho~t not~te or demand, suit at lew or in equ+ty, Iherefere o' ihereairer begun, n~ey be pmsewicd as if a!! moneys secured 1?ereby
nad maWred pnor to its insnt~t~on.
7. That in the evero that at thn begi~n~ng of or at a~y t~me pe~.d~~~g any s~rt upon th~s Mo~rqage, or to foredose it, or ta reform i1, or to enforce
payment o4 any cl~ims he•eundrr, sa~d h10RTGAGEE shall aFply to the Co~rl havu.g ~~r~sd.ct.un thc~eof }or lhe apN~•nnr.unf of d Receir,:t, svch Co~rf shail
Fo,rhwirb appoint n recelver of sa~d moctgaged prooerty a!1 and s~nguiar, inc;v~~~~g a:f and s~n~ular the irco~v:e, prof~fs, issues and revc~wes from whatever ~
seu~ce derived, each a~d every of wh,ch, it L~e~n9 expresvy undersrwd, ~s hereby morrga~~•d as ~f spec.f,~,~;iy s~t fo~ih a~~d deicr~b._d in ~he 9.anfing and
h:+bendum c?a~ses her~of, and such Receive~ shaN have aii the b~oad ar.d rfiet~;ve fun~! cns nr:d po1:ers ~n an~tiv.ie entrusted by a Co~rt to a Recc~ver, and
s,ch appointment shal: tx made by such Ce~rt as an adn~n~~d cyuity and a ma~te: 04 dL'SV~U~E ryht to sa,d MOkTGAGEE, a~d w;;ho~t refec~rxe to the !
adequacy w~nadequacy of the value of the proprrry morigaged or ~o the so vency o~ in:o ..ncy of sa,d htOki<',AGOR or rhr deFar.dants, a~~d :hat avch
r_~+s, profa:, ~ncc~ne, iu~es and revenues shaU be app:,ed by such Rece,ver ac:ord~ng to ~he Gen or rquny of sald h10RTGAGEE and the practice oF such
Court.
8. To d~!y, prompHy a~d fv!ly perform, di:charge, ezecufe, effe.t, cort.p!rre, comply w~+h and ab~de by each and every the st~putat~ons, agreements,
co~d;rions a~~ covenams m sa,d prom~ssory note and th~s merrgaye srt fo~th.
9. That in the event the o~nnersh~p ol the morfgaged prem~ses, o~ any part thereof, becomes vested in a pe~son ofher than the MORTGAGOR, the
.'ORTGAGEE, its successon and ass:gns, may, witho~t nen<e to the AM1ORTGAOR, deal wi~h svch successor o. s:,uessw in ~nteres~ vrrth reference to this
rno.tgage ar.d the deut hereby secu~ed in tha same manner as ri~th 6Sc~rrgagor without in any way vit:atin3 or d~ichaiqing the fAortgogors' liabili~y here-
~~~der or upon the debt he~eby szcur~d. No sa!e of the Fre-nise: herebr mortga9ed a.^.d no forE,aaran~z on ~he part oi the !dORiGAGEE o~ its successors
cr assigna and no eatension of the tune for the payment of t~~e debt he~cby sec~red given by the 1dOR?GAGEE or fts successo~s or ass:gns, s7~a1! operate
ro reiease, d~scharge, modify ~hange or affect the orig~nal Gao i~ry of the MORiGAGpR hereln, eithe~ in whoie or in part.
10. It is speuf~cally agreed ~hat time is of ~he esseece of th~s contract and that no waiver of any ob'~ga~~on here~nder or ot the obligation sN
c~red Fsereby shali at any time ~hereafter be he~d to be a wa~~er af fhe tern~s hereef o~ of the instrvment ,ec~~ed r~e~by.
11. (n add.t(o~ fo the forego ng enonth~y paymenls of prioc ;~a! and inr~~r~s! requ~red by the prom'ssory no•e ser~.zd herab?. mortga~or eovenants ~
~~d agrees to ~ay tu :~:o-tga~ee ~n~rh each ~r.onth!y pay~ ~ent an sdd •~ena! sum rsn:~,arra by mertgagee to tu eq~ai ~0 1 12 oi ti;e an:wal cost of the follow-
A-Ali real pro~rt~ taxas lef~~~ or a:sesscd agai•:st thr above d_sc~i6rd re-al esta!e.
8-Prer.:,;,-ns on ir.e and w~ndsto-m ir.swar.ce as he:e:n n~qu.re~ to be ca~ned en the ~n-,;roveme~ts ituate on the above d;scr;bed premises.
C-Pre:*.,;r.~s o~ s~ch n•ort~~ge g~aranry ir.surancz as martgagee shail frorr. t~me ro tvne deam !it to tarry on the lean s~wred Fereby.
Mortgag~ sho'i '•t.~n +cr.e to ~i:ne nceif~ mo~tyager ;n v.rit~Rg o' ~he a~rouot d~e and payable her2undar and svch sua~ shall thereupon be d~e and
:~,abtp on the due care oi the nex! n:onrh:~ pay:r.ent ar~d eath svccess~ve n:onrh the~eaft~r ur:ti'r mcrtgagee sha!! not.fy mortgagor of a change in such
ount. Such sums sFa !.e app4ed by morigag•.e toward t::e paymeni of reaf proFerty taaes: i~surance pren~•.~ms, and mortgage guararty insurante
: •emiums. ~
iiV Wt1r~E~S YJHEpcOF. tFi@ said MORTGAGOR has he~e~~ro sef h;s hand and seel fhe day ar.d ye first a(oresaid.
$igned~ $ealed a~d,~eliver~ in the presence of:
- ` Sesl)
- - (Ses4
(Seal)
t - (SeaO
STATE OF FLORIDA _
ST. WCIB u~
COUN7Y OF _ ~ ~
8efwe me personally appeared _ Ra~OAd Cdn~@1~
EZ1Z~@t~1 C,
~!l_~ 1 _ h+s wiic, to me well known and known to me to be
the ind~vid~sls described in and who executed the foregoing instrumenf, and ackrtovviedged before me that they exec~ted the sa~ne for the purposes
rherein expressed. And the said____-__ _ ~I~Z8b6tZ1 Ce'i~P~jell
rr~fe of the ,a~d Ra~aond Caa~bell upon e sepante and priva+~
e.am~nat~on by me ta4en separate and apart from F~r sa9d husband, acwrs~wledged to ar,d before me that she es.ecuted said instr~ment freeiy and votuo-
rar~;y and w~thout any compu~sion, constraint, apprehens:on, or fear of or from her said h~sband.
WITNESS my hand and offic~al seal this_ day ef------_~
g A. O. 14 71
~ ' ~L -
Notary Pubfic in snd ior the State oi_fiorida at lar9e
My Comm~ssion txp ~~res:
Return io: ~~~~a~~~•~~••,~ NOTAR/ r11811~ STATE OF FlORiOA AT LAA~E
F~rst federal Sa~~~gs b Loan Assoc~dt:on MY COMMISSION EXPfRES SEPT. jQrj
o! f p~,~.. :~,<<c.~;.........~,.~~j4
~ ~ONpEp THRU fQED DlESiEUIORSF
FOrt P~t~Ce. F;Gr~j3 I~ . J f~lG~ A1~
: . c_ „ , s 0 RECOa~EO
ST. tUCtE COUMTI? L~,
= ` ..1-, ~:t ' ROCER /OITRAS
~ CLERK CI~CUITCONRT (
' 'r ' J'• • AECORQ VERIFfEO..,.~,r~
This In=trument Prepared By .JOhri W. ~ J ; t, j~
First Federal Savings & Loan Assaciation ~ ~ ' .
ArR 1 3 28 PN'11
of Fort Pierce ~ FlOZida ~
• .
Checked By ~ _
~ 206976
aooK ~91 1135 .
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