HomeMy WebLinkAbout1078 3. To place and continuously ktep on the bui:d~ngs now e~ here~fte~ ~a~ate on sa+d :and and on aC equip:nonl and pertonally cove~ed by lhif mortg• ~
a9~, with ~II pramiums thereon pa~d full, I~re insura~:c~ ~n thc us:,,:{ s+e~ri~rd ~w'~ty torm, in a~u~n a~,Nro.~d br ~hz h\;~k~G~GiE, and w~~dsto~m
lnsurance in /he ~wal ftandard pOLcy 4orm, in a sum eFproved b,r +4e MORTGAGEE, in such ca•npa~~y e. co~npan~es as iha MOR1GAGfE may «
d~r~ct; ~rx~ atl fire ar:~ w~nJ~rorm insurance poliars ai any oi sa~d b~,~id•.~ys, any ~n~eroa~ `he:e~n or ~•e•i thcaeol, in ~he ayg«ge~z w~n afwesald w f
In excHf thereof, ~hall contain the uswl atandmd mortJagee ciause o~ such other c:a~se as ~he Ma~yayee n,ay ~ryu:re, ~~e?~~.g Ii~~ loss ~~~J~ s~~d p~le- }
cies, each and every, pay~b:e ro sa~d AtORiGAGEE as ~ts ~ntoa•sf rr~ay ay~pear, and cach e~~d erery such pu:.c/ shoil be pro+»y~~y auan.-d and dr~iv~:rd to j
~~,~p.~!~~F . ~_...~-.s
.~~y ~.~c3 b~ s.:;3 . E a. eec~••}tv te sa~d mortgaq~ debt. a~~J, nut ;esf Ihan ~~•,i ~101 d~ys ~n aJ:~n<e o( ~hr e•puet~on of each pol~cy. to de-
i:var t0 3a~ ~.tvAiGAG:C ~:e^::•:ae th~rref, :~e~F.ea whh a rew~p~ for ~he pr~~nwm of such rcnc.~~'; and +r:rre si.a., in ~w i.+r .,.',:;,':i ;^s;;:a^ts i
ptKed pn any of sa~d bv,td~r~gs, a~y lnteresl lhare~~ ot part tha~rof, un!~ss in ihc fomi ar~d w~th ~he iaas peya:;ie as atorrsa~a; a~~ti in`the eYeqi o~y fvm
of money beconxa payable unde~ s~ch po;;cy a pohues sa~d A10kIGAGEE sh.+il have ~he o~.e~on ?o r.:c.~~.e .,~~d .,p~~!y rt~e sa~~~e on acco,,•~t of the inel.rbtrd-
ness setured hereby ot to pc~mil se~d RAORIGAGORS to tecrna ar.d use i? w a~~y i~..~~ thr.._.~I to• ocr,• i~.ur~ ,.sos, .,ni,,,.:i thr~ or ~:~~N,.~~-
+n9 a~y eqv~ry, lien or right undrr w by vir~ue of ~hiti mo:tgage; an~ in the evrm~aa,d MO~T(~AGORS sh~!I 'or any rcaso~ fa~l to k.•ep ~h~ sa~d prem~scs so
insurcd, O? (ail t0 deli~er promptiy a~~y of sa~d po~~:ies of ~nsurantt to sa~d MORiGACtE, cr fa~~ pron=ptly !o pay f~ily any F:~e~~~~~m tl~cr~fur or in a~y
respect (ail W perfwm, d~scha~qe, esrc~te, effrcl, complNe, co:~piy with and ab+dr by th~s covc~~anr, or any pa~t he~eof, sa~d M~,RTGAGEE may piace a•~a
pay lo? suth inwrrnce or •ny pa~t ~hnreof wdhout waiving w affrcting any opt~on, lien, eq~~ty, o~ r~aht undc~ w by virtue of ehcs Matyage, and !he
f.,ll amouro of eath and e~e~y suth paymenf shall be nnmed~ately d~e and payabie a~~d shatl b~•ar intcrri~ f~an ~ha date thcr~of unt~l p.,~d a: the rate ol
~~~ne per centum ~v annum a~~d to~riher v.~!h such ~nrercu shiii bP uc~.:ed by ~he lien o~ th~s mor19~9~•
1. To petmi~, commit or suFfer no waate, impa~rn~nt a deteiwration of sa~d F+operty w any parl thercof.
S. To pay all u.d singula~ the cests, cl~arges and exixnses. ~rt:l~d~n9 a rrasonabte a~io.ne~•'s ter a~~d :osrs af abstr.,us o! tirie. ~~xured o~ Nd~d at
any ti~re by sa~d MORIGAGEE, beca~se or ~n rhe event of the fr:{~re on ~i~r p.+n uf tl~e a..~d h~JR1GAi,OR to d~:y, p~u•~~Ntlr end fv~~y prrform, d~scharqe
ttecute, efieU, canp:ete, tomply w~th and a6.de by ea<h and ev~~ry the st~i:~~'at,ons, agn•-r•:+rnts, concl~nmu, and c~v~•::~nts oi ~.+,d ~~o•:~„sory no~e and ~h,s
,~iortgaye any o~ ei~her, arid sa:d tos~s, cherycs ar~d eapens~s, each a~+d e..~ry. shalf be ;~~„n~o,st,•:y d:,c a:~d ~~.jy..l,:~~; ~nh„!he~ o~ not thc~e L•e ~o~~ce d~
mand, dttempt to coJeC~ W suil pend~ix~; anCl Ihe ~vll a~no~nt of raih a~•d evCry avih pa•~n•.cM sh~l~ bear ~i~••~roi~ frorn Ihe d:+te there0l untii pa~d a~ lh!
rate o~ nine pec ~a~it~.~n ~er ann~rn; ont! ali sa~d costs. cF~a~gas ar~d c~:,.•niea uu~nad ot Ho~J tcx3eiher ~~.th su.is u:~rr~it. sha37 t~ ss-cured by Ihe i~rn of th:f
mwt9aye.
Q That (a) in the event oi any brrach uf th~s hlortg~ge or d~~Eau;r u•~ ~ha p.vt of thc A'.Gi:iGAGC`R, or ,bl :n thr eve~+t any ol sa d sums of mon~y
herein feferrec~ to be not ~,rc:nptly and futly pn~d v+~fhin Ih~rly ~3U) ci.~~: nc.t ett~~r ~hc s..~nr sr:e•n :p L+.:o~,~•r d:•.• a:~d pay~b!e, withovt dema+~d Or nohCe.
or (c) i~ the event cach ar,d cvrry t1~e atipulat~ons. .~~~eern¢nts, cond~'~o~1s and covenenn oi s~ ci , ro~~+,ss.: y no'~ .encf tha mo~tgoyr any o~ r+ther aro ~ot
~~ly, p~orr.pNy aod fulty p~~;onred, d,scharg~ c~ecited, effecttd. cw*~Nle~ed. co~.~Nl~ed w~tl~ a~,d at•~d•:u 5y, then in i•.~her or any such event ~he sa~d ag
g'~aTe sum meMioned in ie~d p•onussuey nore th~~n tem,tinin~ ~n}>o~J, w~rh ~ntrrr,t aci:urJ, n~.J .~J ri~t~•nc~s scc~~r<~d her~b~, 51~a11 b~co~~~e du! dnd pdy•
ae:e (o~thrvilh, a thereafter, at N~e ophon of aa~d 6lORIGAGEE, as fu:iy a~d comp!t+rsy as ~i a~i ot ~I~r-s.+;d sv«~s of rnoney wc~c ongma:ly st~pu~ated
te be pa.d on s~ch dcy, anyth~ng ,n ~a d pro~n~sso~y note w in th~s Mortg~g•_ ro ~F~e comrary no~..ahste~~d~.~y. a~+d rhere~pon a ttrere~lt~v a~ ?be option o1
s.~ d MORiGAGEE, w.thcut nonce or de~nand, auit at law w in eq~~ty, ~Fx•refore o~ ~hrrrai~cr ucgu~~, :nay bc prosec~ted as it ill motkys sKUred hereby
n~d mat~+ed pr.or ro~ts uishtution. ~ •
7. The~ in the r~ent that at the beyi~ning ot w at any t~me pendiny any su~t ~Ewn th~s o-s~age, o~ lo forecloss ii, or to reform if, or fo enforte
payment o( any cia:~,•s hr•eu~~dor, s:~~d MORiG4GfE shall apply ro ~hv Court hav~~~g ~u~nd.u.on th_r_o: !or thc a;~NO~rnnem of a Rece~ver, svth Courf shall
Forthwith appo~nt ~ rcce~ver of s~~d mo+tgaged pro~rty all and s~:yu:a~, inc:ucl.nq ..nd s~~•3~:ar t~~e mcOn:q%pfONA, isaues a~+d revenoes (rom wFa?ever
s:u~te derived, each and eve~y of wh,ch, be:ng expressly vnde~e~oed, is herc~y rt,o<<:~o•,~••d as ~t s{:cc t~cai!y set ior~h and descnAed in the grsNu~g and
h.~bendum dauses hercef, ard svch Rece~vrr shalt have aN the broad and efiecnvr f~~eet., .s ar~d p~~,.er~ ~n anywise emrwted by a Cov~t to a Reeeivtr, and
s, ch appoinrment sha1: i~e n:~~le b~ such Coun as an ad:nitt<d rquity and a~~ atter cf aLsu u~e r:gh~ to sa~d MJRTGAGEE, sod wirhouf refere~ee fo ths
e: e.~~acy a~ inadequacy ot tF~e valve of the propeiiy mortgaged or to rne se.ve„cy or .~~~c~ o! sa:d h10RiGAGOR or the delendanss, and Ihat such
~=~,+a: profits, inccunr, ~ss~ef and reve~tiues sn~ll be app:~ed ~y such Rec~~~er aicuruu:g ~o the i~en or equ~ry ol ~aid MORTGAGEE end Ihe praer~c~ of such
CouA.
8. To d~ty, prompt?y and fu~~y perfor~n, dncha,ge, execure, eftect, comy,irre, co~~~piy w~!h and a6~de by each and erery the stipulations, agrcements,
condi`ions and ccvcnanrs sa~d promissory nute a«d th~s m~rtgaye set forth.
9. That in the ov~nt the ownersh~p of ~he mo~tgaged premises, o~ any part thereof, beco~nes ~ested in a person ethe~ than the MORTGAGOR, the
M,ORTGAGEE, its sutcessors acd assigns, may, w~thout nor~ce to the MOR7GApg, deat wah s~ch s~ccessor or suue~ior ,n ~nter~st wnh rele~ence to Ihis +
mortgage and the debt hrreby secured in tF~e same manner as with l.'tortgagw w~thout in any way vit~ati~g p~ d~schaegiru~ the hlangagori liabl;ity here-
u~~der or uFwn the d~~ht here,.y sec~red. No sale of ti~e F~e~~~ses here6r a,or~gaged ard no (orte.,,ancr on the pa.r of rhe /hORIGAGfE or its sutcessors
e- ass+gns and r,o exrz~~s:a~ of the nn,e fur the payment of ~h. drbr he.~by secwed g]ven by the t.ORiGAGEE o: ~ts successors or ass[gns, aAall operate
to re~ease, d~scharge, mod~fy change or affecr the or~ginal Iiab~I~ty of the MORIGAGOR here~~, either in whole or in part.
10. tt is spe.-~fcatiy ag.eed that ume is of the essen~e of th~s conrracf and that ~o warver of any ob gat;on hereunder or of rhe obtigaCan se-
c~red hereby sha~+ at ~ny t:n,e nc~reat+e~ be he!d ro be a wa~ver ot the terms hrreof o~ of the inst~wnent sewred hc~by.
11. In a;id.r:c.~ •o ehe torr,e~,.3 n,onth!Y Paym~nts of princpa! and inreres~ requ:red by the pro~~.s~c:y no'e s:cu•ec~ he!cb~. mortga3or eovenants
an~ agrees ro pay te ::,~-rgayee .ti~~h .ach ~ronth:y y~y~.tgnf an add:~~w~al sum a}cd t~r ~.,orrgegee ro be eyua~ to i 12 of r:~r on•:uat cosr of the foNow-
A-A!! rca! prope:ty laa.s le~~eN or d55B5Tt•~ agai•;st th.c auove desrib.d r~al es+ate.
B-Fr;~T:~u~:tis o~ hr~ and w~ndstonn insuiar.te as nere~n rrqu:red to be carried cn tha :m;.rovemeits st~~ate on thc a6ovc d_scribed premisea.
G-Pre~nlun~s e~~ sv.h me~t~.:qe 9uar3nty inwrar.ce as m.c•tyagee shaii frcn~ t me t~ e~~nr drem fit to ta:ry on the loan secured hereby.
Mortga~re s'~:; ` tr~-~ h-r.e ~o :~•-~e nct~f~ mc•tg~gcr ~n ..r~t.n9 of the amou~t d~c aRd payaole herzlindrr and such su~n nhaH thcrcupon be d~e and
c;.abte on the CiJE U.f~^ ef ~he next .^.:Onth.y paymrnt and e.~ch success~ve ~.o~»h fhr.eaftar u:.f~! mc~tyagee sh~!i no~,(y mori~agor of a change in such
.-o~nt. Such su~ns s~ ~z epp''.:ed try ~nertga~_e ~oward the payment of reat preE;erty taxes, ms~ra:ue prem.vms, and mortyage guaranty insurence
c•e~~iums.
IN WITPJE,= .•.!1: c';,~~ te-~ sa~ MORTGAGOR has here~nto set his h~rd and seai the day a ar first aforesaid.
Signed, Sea'ed d^l~ d2~t'Jer~ i the presente of: ,
; r~LEO Ar+~ aECaaoEO. ~
- ~ ST. ROCE~C?OIfRAS` Sea1)
' , . CLEF.K CIRCUIT COU, -
. RECORO YERIFIEO t ~ ~ ~ (Seaq
- ~ (Seaq
S;ATE OF FLOitPOA ' O ~ ~1
COUNIY Of •~ii
~1C~@ ; S5.
~ • ~
~ Befae me perwnally appeaDred T~~j J8~ T'+. Fisher a~
i ~ i1• JJVYl~ Fisher _ h;, W;re, 10 mC weil knowtl ~
' rhe individuais descr~bcd in and who eRecuted the fwegoing inshument, and atkleow.edgeil befo:e me that they executed th ~
~ the-ein ea ressed. And the sa~d_ _ R• ~OU~$@ ~8~6r g~'~~~~~r
v _
.,,;fe of the sa;d _ `~F+• ~~r ~ - ? ' ~
- - - - - ~raR arR! piw~ _
s~arn~nat~an by me take~ separate and aoart from her sa~d h~sband, acknowledged to and t~fore me that she execvted id "'dqt p~{~ ~ vqf~n•
iL•~~y and w~thovt any com~u:swn, conu~a~nr, appr~~[on, o~ fear of or lrom her said husband. r1 - O'L _
T~ ~ ~ - ii ~
WtiNE55 my hand and off;c~al sea~ th~s_ _ day ef____ _ ~ ~q~~
_ ~ c ~
'~.~..s• w~
~ - .
Nota Pub11c in e~d th Stotl. o~ ~j at
My mm~ssion expir : ~i/'~~~ ,
Ret~rn io: NOTt•R"~ r ud' {C ;a-: = i.'nilCA AT 1 ORGE
' F;nt Frder~l Sa~ic~s d loan Assoc~at.o~ ~tY CG;dbi1SS10N EXPiR;S fA~ti:t, z, j97+,S
oi GfNERAttNSURANCEUNDERWRITERS.INC.
fo„ ~~...ce. Fi-_.s-.~ ~
This Instrument Prepared By J~ D. ChS~-tS~JI
First Federal Savings & Loan Assouation ;
of fort Pierce ~ F1o2'id8
Checked BY - - -
600K 1y2 1076
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