HomeMy WebLinkAbout2776 J. To pl~c~ and conti~uouaiy Aeep on tM bui!di~g~ .now OI MrNlt1~ ~itwt~ on iaid ta~d and on all cquipmenl and person~lly covered by this ma~~
p~, wirh •II pre.niumi the+eon paid in full, f~r~ iosur~nt~ ~n 1M uswl ~unde~d poG<y (orm, 1n a ~um approved by Ihe MORfGAGEE, snd w~nd~twm
imwar~ {n dr usu~l ~~and~~d pol,cy fam, in • sum approv~d by ~M MORiGAGEE, in a?ch compa~y o? co~npan~es a~ tM MORIGAGEE may
dw~c~r and all (ir~ ~nd w~nd~rorm inwanc~ policc~~ oo ~ny oF faid bu~ld~r~pa, ~ny iMfrf~l tAt~lin Of part ihereol, in the e99rep~te i~m alor~~aid w
In ~actsf ther~of, sl+all cd+uin ~he us~al ~f~ndard mwtyapk claus~ w ~uch otF~ clau~~ •s Ihe MatQ~gea may requus. ma?irq the loa unda ~+~d poli~
c~s, exh and every, p~yab~~ to said MORTGAGEE ~s iti interest may ~ppear, and e~ch and every iuch pol~cy ~MII b~ promptly a~s g~cd and deliYa~ed ~o
any Mld by wid MORtGAGEE as iuni~sr stcurity to ~aid mo~tya9~ deb~, and, no~ leu than ~en (101 dsys in adva~xe ot the e~epir~t~o+~ o} each pot~cy, ~o d~-
GvK ro~aid MORTGAGEE a r~newal therwf, toptthK wi~h • rec~7pt fw ~he pr~mium oi ~uch renewal; and there shall br no hre or wlnds~o~m iniu~a~ce
;~sad on :ny of said bu~ldirgs, a~y imerei~ ther~i~ or parl tAer~of, unless in tht ~orm •nd wnh the los~ payabl~ a~ alaesaid; and io the event any ~um
of raon~y becom~s pay~ble unde? wch polFCy a polKi~~ s+id MORTGAGEE ~hall Mw ~he opt~on to reczivo and apply lhe same on account ol tM i~idebted
Mu secu~~d h~rtby o~ ro permit said MORTGAGORS to reteiv~ ~nd us~ it p•ny part thereul Iw o~hc~ purpoSrt, wAhoul ih_..u~ ~~a~~~.~g ~r ~mpa~r-
inp ~ny p~iry, li~n or riqhl u~+der a by vi~tw ol this mo:tyap~; ~nd in tM ~vent u~d MORTGAGORS ~Aall fo~ ar?y ~eaton fail to keep tlu i~id premiac~ ao
~rovred, or f~il lo delivsr promptly any of said polities of insurance fo iaid MORiGAGEE, or iai! promptly to pay 1u11y any prr~~~~vm therelw p in a~y
respM fail b perfwm, d~uharqe, ~ItKY11. ~ffK1, complet~, tomply with ~nd abid~ by this covenant, or sny part hrreof, ~a~d MGRIGAGEE may p~ice and
paY fo? ~uch inwranc~ w any part th~.wf w~tAout waivinp o~ •f(ecti~p a~y opfion. lien. equity, o~ righf unde. w by vi.~ue ol ~his Matfl~q~. ~nd the
4u11 ~mounl of tscA and ~vtry sutA paym~nt sMll b~ immediat~ly dw and psyable anc~ shall baa~ interest lrom the date Ihereof until peid ~t Ihe ral~ ol
n+~,e par cMrum p~r annum ai+d to~ether with suth interest sMll be secu~ed by the lien of thit mort9age.
1. To p~rmit, commit w suffa no wa~t~, imp~~rmeM w deterior~tion of sa~d property o~ ~~y parl thereo(.
S. To p~y atI ~nd s~rqular the costs, cl?~?pes a~+d ~xpenses, tncludinp a reasonable aitwney's fee and cos+s of absrracts o( Ntle, incur.ed w pa~d
any tim~ by said MORTGAG:E, bet+!~~s! w in tM e.w^! ^E t~+. ~~~~ure on tF?e p~~1 of the aaid MORiGAGOR lo du~y, promptly and fv~~y perlwm, d~uhargs.
exetut~. ~ffett, complett, co~+ply w~th u+d ab:d~ by each snd every the ~tipula~rona, agreen,ents. ca+dfe~ons, and covenan~s ol sa~d pran~ssory no~e and th~i
mat9~pe any a e~~her, and sa:d cost~, char9es ~~d txpsnses, exh ~nd every, ahatl be immed~ately due and payebte; whe~her a ~o~ ~he~e be no~Ke dr
mand, attempt to co~kct p suit pend~ng: ind tM full amount of eacA and every s~ch paymenl shall bear interest from Ihe date thc.eof until paid at th!
.aee of n;rv p~r centum per ~rnwm; and alt said coan. cha+yes ~nd expenus ~ncurred a paid, logether wdh such ime~esL shall b~ secured by ~he ti«? of thi~
^wrt9+p~•
e. That (a) in the ~vent o( any breach o( thif Mort9s~e a deFaul~ o~ +he part of ~he MORTGAGpR, o. (b) tn ~he event any of sa~d sums ot money
hcrein r~fe?red to be no1 promptly and fu~ly p~id within th~rty (30) days next atre~ the same se~erally become due and payable, without demand d notice,
or (cj in the evcm each and evcry the stipul~tions, agreantms, cond~tlons and covenann of sa.d p~om~ssory oote and th~s mo~tga9e a~y a either •re nw
luly. promptly ind futly perfwmed, d~xMr9ed, eaecuted. •ffecred, comp~eted, compl~ed with •nd ab~ded ~y, ~hen in e~~her w any such evem tM sa~d ag
gregaM wm mentioned in said promissory r+ote then remainiry unpa~d, witA iroerest ac:~ued, snd a11 ~no~uys xcured hereby, shalt become dw and pay-
eb`e fathwith, w ih!lNftN~ at ~1» opt~on of taid MORiGAGFE, a~ fully end complete~y ss if all o! ~he said sums of money were w~g~nally s?ipulated
ro be pa~d on s~ch day, anythinp in sa:d p~o+n~uay note w in ~his Mongage to the conua.y no~v~r~~hua~~d~~~g; and Ihereupon or Ihereafter at ~he opuon of
~e~d AAORTGAGEE, without notite w demand, suit N!aw ot in equity, therelwe a theteaiter begun, may be prosecutcd as if •II mu~eys setured hereby
had matured pr~or to ~ts ir+sfitution.
7. Thaf in the e~ent that at the be~inn~ng ot w~t any time pending any suit upon fhis Mortgage, w to ~oreclase it, o~ to reform it, or to enfwc~
paymem of ~ny claims fu~eunder, sa~d MORTGAGEE sMll apply to the Cour~ having ~u~~sd.cT~oo ehe~eof for the appo~ntment of a Rece7ver, such Cou?t shall
F«tfiwith zppoint • receiver of said matgaged proQe~ty all and si~yular, incl~,ng a41 and s~ng~iar ~he incon,e, p~of~ts, isavea and revenues from whatever
srurce derived, each and every ot whKh, it tie~np expres~ly ~nders~ood, is 1x~eby moregaged as ~f speul~caily set f«rh and deur~bed in the 9~ant~ng and
habendum clauses hereof, ~nd such Receiver shsH have •II the brwd and elfect~ve iurxt.ons and powers in anyw~se enrr~stcd by a Courf to a Receiver, a~~d
~~ch appointment shall be made by wch Court as an admirted equity •nd a mrtte~ of abso~~te righl to sa~d MORiGAGEE, a~+d without rc(erence to 1he
edequxy or inadeqwcy of the wl~~ the properq mortg+ged u to the w~vency a~nso~vency o( sa~d MORiGAGOR or the defendants, and tha~ such
re~rs, prolip, inconx, iuuea ~nd revenues shall bt applied by wch Receive~ accord~~ig to the tien or equ~ty of wid MORTGAGEE and the practice ot such
CouA.
8_ To duly, promptly a++d fully perfo?m, dischar~, Exeewsreffcct, complete, compty w~th and abide by each aed every the stipulations, agreements,
condirions and covenanes in sa~d promissory nme u+d this mortgage set fwth. `
i
9. That i~ the evcnt the ownenhip of the mwtga~ed premises, or any pa~t tF+ereof, becomes vested i~ a pcrson othe~ than the MORTGAGOR, Ihs
MORTGAGEE, in succeasas and assgrts, may, without notice to the MORTGAOR, deal w~th such succeuor or successw in imercsf with reference to thif
mongage and t}K debf htr~by secured in the same manner as with Mortgagor w~thout in a~y way vit;atin9 0~ d~xharging the 7Nortgagors' liability here-
under a upon the debt hereby secu.ed. No sate of the premises hereby mortgaged ~r.d no forbea~ance on the part of the MORTGAGEE or its successors
o~ assogro and no ea~ens~on of the ~~me fp the payment of the debt hereby secured gi~en by tF~e MORTGAGE'_ or ~ts successors or ass~gns, .hall operate
ro re+ease, d~uhar9e, mod~fy charge a affecf ~he origirul liab~lity of the MORTGAGOR hercin, either in whole w in part.
10. It is spec~ficaity agrred that time is of the esunce of this co~tract and that no waiver of any obl~gat~on hereunder or of the obliyation se- i
cured hereby sha!i at anr time thercafter be 1?eld to be a waiver of the terms hereoi or of the insrrvmem secwcd herby.
11. In atid.t:os !o the foreqo++g m~nth!y payments of princpal and interes~ requ~red by the p~omssory no~e srcur~ ?~reby, mortgagor covenants
a~d a~r~ to pay to mo-Tgagee v~~th each monthiy paynent an add~rional sum est~mared by mortgagee to be equal to 1,'12 of the annual cost of the follow-
~n~:
A-All reaf p.operty taxrs kvied w assessea against the above described reat esTate.
B-Prr~:~ums on f.e and windstorm insuronce as herein requ~red to be cairied on the ~mproveme~ts situate on the above dascribed premises.
C-Prem~vms on wch mort~age guarsnty ir.surar.ce as mortgagee shaN from. ~'me to time deem fit to carry on the loan sewred hereby.
Mor~gagee sna:i 'rom ~,me to rir.u no~~fy mortgegor ~n wr~t~ng of the amo~~t due and nayable hereunder and s~ch sum ahail there~pon be due and
~ ca~able on the due da+e of rhe rtext mo~th:y payment and each successive month thereafter uotil mortgagee shail not~fy mortgago~ of a change in such
i a~-ovnt. Svth sums sha!i be appurd by mortgs9ee toward the paymeM of real propcrty taxes, i~surance prem:ums, a~~d mwtgage guaranty insurance i
E c~emiums. `
~ IN WITNfSS Y.'HERiOF. tru sa~d MORTGAGOR has hereur+to set his F?and and seal ihe day and year firtt sioresaid.
~ ealed a de " ered in tfie
~ presence of:
f ~ . ~.r.~ .Mo ~ENTr Fi~ ~.f.~~ ~s~~n
f 11.EC
R St. WCIE ~POtiTftA~ aj (s~.q ,
~ ROCEF ~
{ - C~fRR c;Etcu1~ COV ~ " Ise.n
~ REC~RO ~ERIf 1f 0 ~seaq
~ r~' ATE OF fLORIDA ~ 3 49e~?•i~ ~1o1so
~ c.ouNTr oF ST . LUCIE
~ L
e s l ie L. M c G ee
b~fo~e me personally appeared _ and
~ Florene MC('aQe kis wife, to me well known and known ~o me to b~
~ ~he individwls descr~bed ir+ and who ~xecvted the ioreQoiny instrurrwnt, ~nd acknowtedged before me that they executed the wme for tM purposes
? ~ ~;a Florene NcGee
~ ,~;fe of the said ~ 511@ 1.. ~'1C~Q ~pon a separ~te ~nd p~iv~rt
~ e=am~n~t;on b me taken se a.ate snd a?t lrom her said husband, ~cicnowl
y p pa edged !o and beFore me tMt sMe exet~ted seid inatrument freely and volun-
~ rar~ty and w,ihou~ any computsion, consrr~int, •pprehens~on, fear o( or from her uid husband.
~ WITNESS my hand end offitisl se~l thi: day of V~ /1_ D_ 19 71
E~ ~~~'=~44 ~~~~L~~-~y~f~~
~ NoJ+ry Public in ~nd fw the Sut~ of fforida ~t l~rpe
My Comm~ssion tnpird:
~ Rerum Ta. ~~~~u~~~~u~~•,, NOTARI ?UBLIC~ STATE OF F10RIDA AT
firat F~de~al $avi ~ _ ~ ~
~ n~s L loan Aswc~a!~on 1;..~'~ '~1Y C~MMISStON
~ ' 60NOED f EXPIRES SEPT. 23. 1973
'Y Of Fort V erce ~G,'~ ~ F~ w. ~
~Q~
~ fort ~~ertl. Flprids : Q.~ , -d ~
~ .
~ ~r r)'.7 Q~~ ~ ~
~ This Instrument Prepared By John ~~l~ ~ ~t;: : .
. .
~ First Federal Savings b Loan Association -'S' • ~
f~;
• y~`'.LQ'
. ~
x of Fort Piercer Flosida .
~ '•.,,~1~~;~.~~ . u R
~ Checked By 800K ~ e72 27?O
~
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~ M1
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