HomeMy WebLinkAbout1537 Z. To plac~ and conti~vously ktep on the bui!dings now a hereait~r ~ituste on sa~d ~and a~d on sli equ~pment and pe~sonelly covered by this mort~-
sg~, with al) premiumf Mereon pa~d in 1u11, fire insu~ance in 1he usval standard policy form, io a sum approvad by ihe h10R~tiaGEE, and w~n~~tam ~
inswance in ihe uswl ~~andard pol~cy fam, in a sum ~pproved by the lNORTGAGEE, in s~ch company or compames as the MORTGAGEE may j
diret~; ~nd al~ firs and wlndsto~m inwrance potiues o~ any of taid buitd~nys. ~ny interes~ iherein or part thereof, in the ay~grega~e sum ~fo~e~aid w
in sxcess Ihereof, sMU cor+tai~ the usual stendard mortga9e~ dauie or ~uch o~he~ clavse as ths Mo+tgagee may reqwro, maAing the losi under sa~d poli-
ue~, each and eve~y, payab~e ~o iaid MORTGAGEE at its int~re~t may appear, and cach and every such poGCy s~~all be pron,pUy ats gned and de~ivered ~o
any hald by wid MORiGAGEE ai turther security to sald mwtflage debt, and, oo~ less than ten (10) days in ad.a:~ce of the exp~rat~on oF each poRCy, to da-
I~ver fo iaid MORTGAGEE a renewal thereof, lapether witA a rece~pt for tfie premiuan of such renewal; a~~d there ~hall be no f~re o~ Hr~nds~or~n insur~nce
pl~ced on any of said buildi+gs, any interett therein w part thereof, unteas in the fo~m and wi~h the loss payable as a(oresaid; and in the event any sum
of mon~y betome~ payable unde~ iuch polity or policies sa~d MORTGAGEE ~hall have the opt~on to recr~.e and appty the aame on account of ~he indabtrd-
ne~s secured hereby w to pe~mit said MORTGAGORS ro reteive and use it p any pa~t thercoi lor oti~rr ~;urposrs, v.:~ho~t ~h~~. c; W'JIH~'~'3 0~ ,~mPe~~-
ing any equity, I~en or right under ot by vi~tu~ of thii mor!pa9e; and in the tvent sa~d MO~TGAGORS shalt for any reaton fail to keep the sa~d premises ao
insured, w fail b defiver p~omptly any of uid polities O! insurance fo said MORTGAGEE, w fait p:emptly to pay fully any pre~n~um the~efw or in a~y
resped (ail 1o pKform, distharge, eaecutt, effet~, tomplete, co:nply wi~h snd abide by this covenan~, or any pert hrreof, said MORTGAGEE may place aRd
pay fo~ such ie~uranc~ a a~y part thtreof without waivinp w aftecting a~y opl~on, lien, equ~~y, or ?igh~ under o~ by virrue of this Morrgage, and 1he
full arrwunt of each and erKy ~uch paymenl shall be immediately due a~d payabls snd shall bear interest from tho date thereof until paid at the rate ot t
nine per centum pet annum and ro~ether with such inte~est shali be secured by the lien of tAis mortgage.
4. To ptrmit, commit or suffer no wasle, impairment a deterioraNon of said property w sny part thereof.
S. To pay all ~nd ~ingular the cos», charqet ~~d expe~us, i~ctu~ing a reasonabk +nwney's fee and costs of abstracts of title, incuned or paid at
eny time by s+id MORiGAGEE, becaux or in the ~vent of Ihe fa~lu~e on ~he par~ of ttx said MORTGAGOR to duly, pron,p~ly snd fv~ly pario~~n, d~scharg~.
execute, ~(fect, compkts, comp~y w~th and ab:de by exh and every Ihe atipulat,ons, a9reements, condinons, and covenanrs o( said prani;sory note and ~hi~
mori~aQe any or ei~her, and sa~d costs, charges and expenses, each and every, shall be im~ned~ately due and payaUle; whethe~ w no~ there be no+~ce dr
mand, attempt to coltect or suit pend~ng; s~d the full amounl of each and eve~y such payment ahall bea. interes? from the date fleereof until paid at the
rate of nine per centum per annu:n; and ail wid costs, cMrges snd expenses incurred or paid, together wdh such inter~st, ihall be secured by IF+e Gen o( thli
mortpape.
6. That (a) in tAe evs~t of any breach of this Mortgag~ w default on the part of the htORTGAGOR, or (b) in the event any of sa~d sumi of money
herein referred to be nol promptly and futly paid withi~ th~rty (30) days ~ext after the same severa:ly become due and payable, witlwut demand o? aotice,
or (cj in the eveet each and eve~y the stipulations, sgreementt, condi~ions and coveoants ot sa:d prom~ssory nofe and th~s mo~tgage any w e~ther arc eo~
iuty, promptly end fully perfwmed, d~scharged, eaecuted, eifecred, completed, canplEed w~th and ab~ded Sy, then in e~ther a any auch evem the s+~d ag
gregate sum mentior+ed in ssid promissory note then remaining unpa~d, with imerest accrued, and a+l mo~eys secured hercby, tt~all becwne due and pay
able forthwith, a thereafter, at the opt~on of said MORTGAGEE, as fulty and comptetely as if all of the said suma ef mo~ey were a~g~nally stipu~ated
ro be pafd on such day, anything in sa:d p~omisswy rrote or in this Mwtgage to the convary notwithstanduig; and thereupon or thereafter at the option of
said MOAiGA~EE, without notite or demand, suit at law or in eguity, thert(ore w thereaitcr begun, may be prosecuted aa if all moneys secured hereby
had mafured pr~or to ~ts inttirution.
7. Thet in the event that at the beg~nn~ng of or at any time pending any su~t upon this Mo~tgage. or to foreclose it, or to reform it, or to enforce
payment of any daims hereunder, said MOATGAGEE shs~l apply to the Court havirg ju~isd~cuon thereof fw the appoimment of a Receiver, such Court shall
Forthwi~h appoim a rcce~ver of uid mwtgaged prooerty all •nd singulsr, inct~d,ng all and smgu~ar ~?•.e income, p~al~=s, issves and rovenues hom whatever
sevrce derived, each and every of whlch, it beinp expressly understood, is hereby mortgaged as if spec:lrcally set for~h and described in the granting and
habendum clavscs hereof, and s~ch Receivea shall have all the brwd and cfiective funct.ons and powers in anyw:se entrusted by a Court to a Recriver, ~nd
~~ch appointmenf shall be made by such Court as an admitted equity and a malter of absoiute right to sa:d MORTGAGEE, and withou~ reference lo the
adequxy a inadeq~acy of the value of the property mong~ged w to the sotvency o~ ~nsolvency of sa~d MORiGAGOR o~ the defe~dants, a~d ihal t~ch
rents, profits, irxome, iuues and revcni,es shall be applied by such Receive~ accor~~ng to the lien w equity of said 1NORTGAGEE and the prac+ice of such
CouA.
8. To duly, p?omptly and fully perfwm, discha.ge, execu~e, effect, com.piete, comply with end abide ~oj~tach and every the sl~pulations, agreements, ~
~ conditions and covenants ~n sa~d promtasory note and this mortgage set fwth.
9. That in the event the ownership of tke mo?tgayed premises, or any part thereof, becomes vested in a perso~ other than the MORTGAGOR, the
RtQRTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, dea! with svch successa w successo+ in interest with reference to lhis
morrgage and ehe deb~ hereby secured in the ssme manner as with Mortgago. without in~ any way vit:ating a diuharg~ng the RAortgagori liabil~ty herr
~nder a upon ~he debt hereby secured. No sale of the premises hereby mortgaged ar.d no torbearo~ce on the part of the MORTGAGEf o~ its successo~s
or assigns and no eatens~on of tlx rime iw the payment ot the debt h>.eby sx~~ed given by the MORTGAGEf or its successws or au~gns, ?izafl operale
ro reiease, d~xharge, modi(y change or affect the o~ig~nal liabil~~y of the MORTGAGOR herein, eithrr in whote or in part.
10. It is speufically agreed that time is of the euence of this contract aod that no waiver of any obt~gat~on hereu~der or of the obligatan se-
cured hereby shali at any time thereafrer be hetd 1o be a waiver of the terms hereof or of the instrument secu.ed herby.
11. In add.~~oi to the for¢go ng month!y payments of princ'pal and imerest requ~red by the From ssory no~e secured hereb~, mortgagor eovenants
and agrees to pay to mo:tgagee vvith each monthiy payraeM an add~~ional sum es+:mafed by mortgagee to be equai to 1, 12 of the ann~al cost of the follow-
~
i ng: E
j A-All rea! prcperty taxrs levied or assessed agai~~st the above described reat estate.
8-Prem~u~ns on fire a~d w~ndstorm insurar.ce as here~n requ~red to be carried on the improveme~ts s~Wate on the above d.scr~bed premises.
C-Pre~niu~ns on such mortgage guaranty insurar:ce as mortgagee shail i.om t me to t~~ne deem (it to carry on the loan secured hereby.
Mortgagee sha!1 from nme to time notify mortgagor i~ writing of the amou~t due and payable he?eundrr and such surn shall thereupon be due and
~ ~ayable on the d~e cate of the ne:t month!y payme~N and each successive month thereafier ur.til mortgagee shall not;fy mo~tgager of a change in such
ar~ount. 5uch sum: sha;l be appl~ed by mortgagee toward the payment of real property taaes, insurance {xem.ums, and mortgage guaranty ~nsurance
i ~.remiums.
t {N WITNESS V~HEREOf, the said MORTGAGOR has hereunto xt his ha~d and seal the day and Year first aforeuid.
~ Signed, Sealed and de!i ered in The presence of: C~~
` ~I~~ ~7~t9~~. ' ~ a~
~ sa a Lucas
~ - - SL ~UCIE CQUNTY LA. (s~+4
~ ROCER POITIIA3 c c~
~ CIERK CIRCUIT COUR
_ RECORD YER1fIE0 ~ u (~+n
; -
~
~ STATE OF fIORIDA 1 ~ e~ ~ ~ 10 ~ ~ ~
St. Lucie f ~
K couNtr oF i :
~ Before me personalty appeared Isaiah 1-LCa~ and i
s
Helen Luca s his wife, to me well known and known to me to be t
~ the irsdividuals described in and who exetuted the foregoiny instrument, and acknowledged before rt+e that they exetuted the same for the purposes
~ ~herein e:pressed. And the said HPiPtI ~•1. I.L1Cd5
ry - upon a sepsrate ~nd p?ir~t~
~ ~.~?e ot s~~d Isaiah Lucas
~ eKaminat~on by me taken separate and apart from her said husband, acknowledged to and befwe me that she executed said instrummt freety and volurr
~ tanly and without ~ny compvlsion, conahaint, spprehension, or fear of or from her said husband.
~
WITNESS my hand and otficial se~l thia ~ day of_ ~ rll q, p, ~q 71 ~
Notsry Pubi~c in and for the State of Florida at Lar~s
- M$ Comm~ssiwt expires:
Return To: ~K~~~~t~r
~
' Fint federal Savings d~ loan Associe!ion ' ~i.~~~`'~~i~~- MY C M~MISSt N~(p~ S~SEP'~ AT LAR~E
r3 O~ Fort P.e.ce. v L ~ f~ 3~3
Fo~t Pierce, Flor~tia ` ~~~L~. i v ~
~ % ' ~ ~~i~~
~ ,
_ _
This Instrument Prepared By ~icha rc~+~'•.IC~}r~~
; First Federal Savings 8 loan Association ~:,,'s'~~..;~~. -
E~ of Fort Pierce s Flo=ida ' i~• _
~~.4 ~ ~~/~1'~~1t\~~,"
= Checked 8y
= bo~K 191 1535
= ' • ~ ~V
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