HomeMy WebLinkAbout1268 . ,
3. To pl~te end contio~o~sly keep on the bui:dmgs now or hereeiter ~ituete on ~aid iand a~~d on ali rqu~p~neM ond prrson~lly tove~ed by this mwtg-
egl, with all prem~~ms thr~eon pa:d u~ iuli, fire innurance ~n tFro uwal stm~cie~d No'~Cy ~orm, in a wm a~,F:~o~r~d b~ Ihe ,4'~JR~vAGiE, a~~d windato~m
insurance in Iho uswl sranda~d po::cy fwm, in a w~r. app~ovecl by fhe h10RTGAGEE, in iuch cotnpeny cr co+npanles as ihe f.10RiGAGEE may
direcr; ~nd atl ii~e and w~odsrorm ins~ra~ce po6c~rs on any of s~~d bv~~d.ngs, any lnte~rst therein u~ ~~a.~ th<<eo(, in ~he aggr_gate wm aforesaid or
in e:cefs ther~of, shall co~tain the usuat stanJaid mortgagee clause or such o~her dausa as thz hlo~ryagre may requ,re. ~~e?~ng ~he los~ undrr so~d poli-
c~es, each and every, payable to sa~d ,ti10RIGAGEE as ~ts inicr~st n,ay appear, and each and eve.y svch pu~~cy sfwll be promNUy ass g~:.:d a+~d deG~errd to
~ny held by se~d MORIGAGEE as {urther secuiity to sa~d n~orig,ye debt, and, not leu than ten ~101 da;s in ~J~:~~~ce o1 the exp~rat~on o1 each poircy, 1o dr
IivN fo said MORiGAGEE a renewal thereof, togelher wilh a receipt (Or the premi~m of suth renex~'; a~~d thvre shail 6c no 1~~e or wu~dstu~m inwrance
plsted on any of seid bvifd~ngs, any interest ~he~cin or ~:an therrof, ~nlrss in the fonn a•~d w~+h rhe !oas payab'e as aioresaid; and in the e~em any sum
of money becomes payable voder s~ch polPcy or poLcies said MORiGAGEE shall have tha epr,on ro rec•_~vc .~"d ap~!y the sa~~~e on accou~~ of the indebtrd-
ne~a scwred he~eby w ro pcrm~l sa~d MORTGAGORS to rcce~ve and we it or any pan m,: ..•of io. o~n•:. ~,u~; os_s :..~•~o.:t ~h u, •r.:~•~ ~r ~~np~.;r-
ing any equity, lien or righl u~drr or by vhrue of th~s mo:~gage; and fn the evrn~ sad MOr2iGAGURS sha!I ;o. any reason fai! to k~ep the sa~d prcmisrs so
insured, or (ail to deliver p~omptly any of sa~d poGties o~ insu*ancr ~o sa~d MORTGAGEE, or 1~~1 ~;on~prly to F~ay fulF~ any pre »:~m thcrcfor or in any
respect (ail lo per(am, distharge, exetute, efiect, comp•.rrr, to^~ply ~n~~h and ab~de by th:s iove~»nt, or any par~ harrof, sr~d A1i1RTGHGEE may p~ace a•~d
pay (w suth insurance or ~ny parl thereof withoul waiving a affeding any opt:on, Iien. equ;ty, or n~ht undc:~ or by virtue of ti+is hlo+tqage, and tht
full amuuM of each and e.e~y s~ch payme~t shall be immcd~ately d~e and payabte a:~d sho:! b_a. ;~r~v~sr from tha date thcrcof un~il p,,~d at the rate ol
n~ne pe~ cemum per a~inum antl to~cthcr w~th svth intr:cst shai; F>r srcwed by the Gen o1 th~s mo~tgage.
1. To permi~, commit or suf(er no waste, impairment or d?tri~orehon of s.~id p~operty or any part thereof.
S. To pay ell and singular the costs, charqes and ex,enses, ~nclvdmg a reasonab!e at~om~y's fer ~~~d eests of abstrac~s of tiNe, incurred or pa~d at
any time by said MORTGAG`_E, because w in the event of t}~e fa:lure on ~he part of the sa~d h1JRiGAGJR to duty, pion,ptiy and fully ~.tirto:m, d~scharqe,
exetute, etiett, to~nptete, comply w~th and ab:de by ea[h and evcry il:e sr~pv'ae:ons. agreements, tond+twns, and covenanrs o~ sa~d p~o:n~>sory no~e end th~s
.i,ortgage any or e~~her, a~:d sa:d costs, charges and expenses. each a~d every, aha~l be immeclmfcty due and ~aya6:e; wh_vhe~ or not ther~ be ~once da
mand, attempl to collect or wit pend~ng; and the fult a~nouM of eath and e+ery such p~~n:ent si~aii bea• ~nr_,~est fron~ the date fhereof ~ntil pa~d al the
r,ite Oi n:ne per cent~m pcr an~~um; anc: alt said co:ts, chargea and c~~.crses ~rx~rred et pa~d, toy~'ther ~v~th auch ~r.te~rit, sl~all be seCUred by the i~en Of thil
morly~e.
b. That (a) in thr event of a~y breach of this Mortgage ot deFault on th~ p..•t o~ r.~r t.+.ORTGnGGR, or ;b) ~n the eve.+t a~y oi sa d s~ms of money
herein referred to be not pro:npNy and lully paid wi~hin th:rty t30) da~3 nexs arT•,~ t!~c s.~•~~e sever~ 1y Cccarne d~e and payeb!e, witi:out demand or nohcc,
or (c) in the erent each a~d every the st~pu~ar~ons, agreements. Co:~dit~ons and covenanrs of se d pron~;ssury noi~• a~~d ths nwrtgage any or eaher a.e nm
~~ly, p~omptly and fully perfor~„ed, dscharged, eaet~ted, eifected, tomplrted, compGed wi~h and ac~d~d 9y, ttwn irt e~ther or any such event the said ag-
gregate sum mentioned in ta~d prorn~ssory note then remaming ~npa~d. ~vith mtere;e accr,;~d, a~~d nu~~:eys secured hereby, sha~l become dve end pay
ab,e torthwdh, w thereaftcr, at the opr~on of sa~d MOR7GAGEE, as fv~ly and comp~r:e!y as ii ail of tl+~• s..~d wms of n,uney v.ere or~g~naily st~pu~ated
to be pa~d on wch dsy, anyth~n~ in sa d prom~sso~y note or in th~s Martgage to the com•ary noi:.ohsra•,d:~~g; ar.d ~tiereu,~on or thereafter at Ihe opt~on of
sa~d MORTGAGEE, w~ihout non:e or demand, swt a~ law or in eqwty, therefore or thereairer begun, may be proaecuted aa ii all moneys sec~~ed hereby
nad matured pnot tc~ ~ts instituhon.
7. Thai in Ihe eveM that at the beg~nn~ng of w at any time pending any su~t upon this Mortgage, or to (oreciose it, or ro reform it, o~ to enforce
paymenl of any claims he~eunder, said h1pRTGAGEE sha:l apply to the Gourf hav,,.g ~ur,sd.c~:o^ ~hr:eot for the appo~~:tmen~ of s Recriver, svch Courf aheil
Forthwith appoim a receiver of s~~d mortgaged prooerty all and :~ngular, includ ng ai1 a~:d s~~~g.,iar rt,e income, p•of~ts, ~ssues ar.d ~evenues from whateve~
u•ur~e derived. each and every of wh.ch, ~r be~ng express!y unde~s!ood, ~s hercLy mortgaqed as ~t spec,s~caily srt fonh and desu~bed in rhe granr,ng and
habendum cia~ses F~reof, an~ wch Receivrr shall have all ~he broad and effec+~~e funr. u,s and ponr~s m anyw~se entrus!ed by a Co~rt to a Recriver, and
s~ch appointment shaii be made by svch Court as an ad++~it!ed eq~ity and a mane~ of absoi~rr r:ght ro said k~JRTGAGE£, and wrtno~t reterence to the .
adeqvacy a inadequacy ot the value of the proprrty mor~gaged or to the savt~xy or ~n;c~~ency of sa~d MORiGAGOR or the defr~~dants, and that svch
~e~,+s, profi!s, income, ~ssues and re+enues shail be appued by such Recc~ver ac_ord~eig to the lien or rq~~ty of sard MORiGAGEE a~d the prau~ce of such
Court.
8. To d~ty, prwnpt!y and fully perform, d~scharge, execute, elfect, co~r.plete, cornpfy wi~h and abide by each and every the s:ipu:ations, ag~eements,
conditions and eover.ants •n sa~d prorr~;ssory note and this mortgage set fo: th.
9. That i~ the event the ow~er3hep of tFw mortgaged prem~ses, or any part thcreof, 6ecomes vested in a person other ihan the MORTGAGOR, the
h10RTGAGEE, its wccessors ar.d ass+yns, may, wirhout not~ce to the .~50R~GAOR. dea: with such Sutcessor or s~ccessor in ~nterrs? w~th referer.ce to thi7
~~~o~+gage and rhe d_uf he~eby sewred in the same mar,ner as w~:h t.~.ortgagor v,,nhovt in a.,y way v~f.a~ing or d:scha~g~.~g the fAcrrgegori ~iab~~ity hero-
;,nder or vpo~ th? drbt hc.e~~ sec~~ed. No sa(e of the Frem~ses h~•reby mortgagrd and no furl•e.,ra~xe on the part of rhe ?1tpRiGi.GEE or its svccessors
o~ ass~gns and no exrens~on ot Thc nme {o+ rh~ paymem of the debr hercby seCUretJ t3iven by the l1tJRTGAGE~ or ;ts svccessors or ass:gns, s~wll ope~aie
ro re~ease, d~scharge, mod~~y change or afiect the o+ig,nai liab~iey of ~he k10RTGAGOR trere~n, eith_r in whoie or in paft.
10. It is speufica~iy agreed that t~~ne is of the esserce of th~s co+:tracr and that no wa~~er of any ob':gat•on hereur.der o? of the ob".gation sr
:vred hereby sha(~ a~ any riTe rhereatter be held to be a wawer cf ~he terms hercof or of ihe i:~suument :rc~red hcrby.
i ,
11. In add r:^~ to ihe ~orege nq mor,rNy ~~a~ments of pnnc and in',~res~ re ~wred by the ~~•om sscry r~o'e s~.urrd hereb~, mortg3~or eovenants
a^d agrees to ~ay to r~o•rqagee v~~rh each munrh~y pa~~.~ent an atiei n~nal sum asr • a~ad b~ ~r,ortyi3ee ro i~e e:,~a~ to 1 12 of ~l~e a~:,ual cost of the foiiow-
~:g:
' A-A:1 rea~ pro~r•r.y taxes lev~_d o~ aasessed ag~i•is! the above drsc-~b•.d ~•,j~ eu.,te.
j B-F.•• :•s on fire and w:r.dstorm ~nsu:ar.ce as here~n ~equ;red to be carr;ed on the r^prove~~e~ts s:tuare o~ tne above d_scr~bed premises.
;
~ C-Pr~~~w:: s o~ ;uch mcrt~ ;ge guar;r.ty ~rt5urd' CC as mertga_yee sha!I fro~c ,:ne fo r~ ne drem f~t to carry on the :oan sewred hereby.
Mortgagce s~~ - `~om n:,=e to t,~ne ~o'~f r mortyagor m writ~ng of the e~r c: ~t d.,_ ar.d pavai~le h~:eundr~ and such s~ n shaii thereupon be due ard
i : syable on the cl~e oi the neat n:or.7h.~ pay~~~e~~t a~d e:;ch s::ccess~ve To~th thrrea:t~r ~r,t~t mcrtgagee si~all not.fy nwrt~ago~ of a change in such
` - eunt_ S~ch s~ ns s! _ ::e api:7ed by morrgay.e roward iF.e payment of reai property taxes, insurance prem.ums. a:~d mort~age guaraMy insurartte
't
r•emi~ms.
IN Y,71TNE:~ `NMEP:p~ me sa~d MORTGAGOR has hereunto set his h3nd and sea: !he day and year fint afcresa~d.
~ ~ Sgned, Sealed a~d de'ive• in the presence of:
~ ~ FILEO ANO RECOROEY t ~ ^~a~~
~ ~ ~ ST. LUCIE COUNTY FIA.
~ • ROCER POITRAS -
F - CIERK CIfICUI~ C4URT ~ C~ (~aq
~ tIECORD YERlFtED~ . z
f _ - (Seal)
~
; 57,~,TE OF FLORIDA 5 3~r PN'~ I
ft
~ St. Iucie q O r~ O 6 O
~ ..~uvnr oF Phili Pearl ~ ~
Before me personaliy ap~ared ~ _ and
~ Blanche 'J. Pearl
i _ _ his wife, to me ,nell known and knoavn to me to be
the individ~a's descr~bed in and who exec~ted the foregoing instrument, and acknow:edged before me that they exec~ted the same for the purposes
~ Blanche V. Pearl
rhere~n e:pressed. And the sald________--_
-
~ ~„r~ as said Philip Pearl
- vpon a separate and private
~ exam~nanon by me taken separate and apart from her said husba~d, acknowledged to end before me that she exetuted said instr~ment lreety and volun-
~ rar~fy and wrthout any com;.u:s~on, constra~m, apprehens~on, r fear of o! from her said husband.
_ WITNES$ my hand and oFfic;al :eal thia_ day oi___ A_~i~_ _ A. D. l97~
-
~ - f-"~~~Z~---~1-- ~ „
= Notary PvbGc in and For the State of florida at Large
5; My Commission expires:
7 Retum To: ~~p~u1~t~~~ NOT_t~f PU9UC, STAiE OF RORIDA AT LARCE
E First Federal Sav~ngs 3 loan Assot~at~on ~ ' MY C•'%ilil`' "?N EXPIRE3 $
- F,'Z - . . • BLY°ufD`IHatl EPT. 23, 1973
~ `
_ Of Furt Pc:c~ ~ ~ .••.~~~~~,7 ~a~ FR~ •L. ~.L31~~~
'~`f, Fort P~erce. ~iUi;)3 ~ `'~~~~••''~.•'~'~'t~~
_ CT f r,3_`.,=~ Z•' C~ :
, . . C ~ y ; ~
- a- : iYt- e-'j,a_,~J-J ; ~ f-
_ This Instrument Prepared By Joh11 .~J~ (i.pj~ ,i~r~J':' ~ ~
~ • jf.J 1i ~ ;
: ~i;ps,-~. i,~ ` :
First Federal Savings 8 Loan Assotiation 4
I~ f.' 3r' ~ ~ ~ .
of Fort Pierce~ FloTida /j „ ~
L; ' , ,,.,~t` ;
4; ~ ~ ~
Checked By - ~ s
~ g~K~~1
l~s
~ . - ~ ~