HomeMy WebLinkAbout2981 To plx~ and continuou~~y ks~p on tht bui'.dinpi now w hereatt~r tituste on sa~d ~end and on alI eq~~pnzem and pe~sonslly covered by thia malp~
~Q~, wi1A ~I) premiums thereon pa~d in full, fi~e insuranc~ ~n the usual s~a~dard po!~cy form, in a e~~» aFprc~ed b~ ihe MOR~GAGEE, and winds~am
i~sw~nce in tM uiual s~~ndard pobcy tam, in a sum approved by ~t e MORIGAGlE, i~ such company or co~npames as the MORTGAGEE msy
di?K1J •nd ~11 (i~• end w~ndaro~m iniurance po~~cies on ~nY of said bulld~nys, any in~eresl ~hcrein or parl the~rul, in the aggrcy~ti t~m aforesaid or
In ~xceu tMrwf, sMtl contain Ihe usual ttsadsrd mortqp~s dause w such o~her clauie •s ~he Mortg~yee may requ~ro, me?i~~ ~he iou unda tmd po~i-
ci~~, each •nd •very, payable ro seid MORTGAGEE ~s it~ intireft may ~ppea?. arxl cach aod eve~y wch poi,cy ~hdl be promp~ly ess gned and delivered to
any held 6y Hid MORfGAGEE as (wther ~etu~ity to f~id mwtpag~ drb~, and. no~ les~ ~han ren 110) dsys in ed~ance of ~he e¦pire+~on oi each pol~cy, Io dr
IivN ~o uid MORTGAGEE a ~enswsl therwf, top~~Mr with a receipt (w the p~em~um ol s~ch ~Cnerval; a~~d ~here shall Le ~~o Gre or w~nds~o~~n insursnce
plactd a? ~oy of sa~d b~ild~rn~~, ~ny entere~l therein w put Ihe~co/, unless in ~hc (mm and with ~he lou payable as a(ore+aid; end in the evenl any wm
of money becomef paYabte undsr such poticy w polKias said MORTGAGEE shall heve ~he o~~~~on to receive and apNly Ihe sawe on account ol ~Ae indabtrd-
n~u sKUr~ ht~eby O/ ro permit safd MORTGAGORS to receive and uss i~ a any part ~IK:rof lor o~n~•~ ~.wF•ous. ..;~t~;,.r ih_~..,~ wa~.~.~3 or o~~p.~u-
inp ~ny equity, lic~ oi right undcr w by vi~fw of ~his morlps9s; and in the event sa d MORTGAGORS shall fp any reason iail to kcep ~he sa~d premlici ~o
insur~d, w fail lo de~iver promplly any of said po~K~es of insu?ance b ~a~d MORiGAGEE, or faJ pron,ptly to pay f~~ly any pre~mum Ihorefw or in any
r~ipect I~il lo psrfwm, distharge, execute, e~ft~tomplete, tomply with and ab~de by th~s tovenan~, o~ any pe~~ hrreo(, said MORTG~IGEE may piace a~+d
p~Y fw such in~urancs c+r any part th~reof without w~iviny w affettiny any oplion. lien, equily, or right under or by virl~~ of Ihis Mo~tgage. and thE
full amovro oF ~acA and ev~~y suth payment i6a11 be im~nediately due and payable ard shall bra~ interc~sl Irom tho date ~hcreoi until paid tl the rote ol
nins pe~ ceo~um per annum and to~e~he~ with such interest shalf be s~~cu~ed by the lien of th~s nwrtgage.
1. To permil, commit w su(fer no waste, impairment o~ dclerio~ation ol ~a~d properry p any parl tiureof.
S. To pay •II and singular the costs, cMrqes ~nd ex~ses, inclvding a ~easa~able attwney's (ev and costs of abstracls oi tille, incuned o? paid st
any time by said MORiGAG'.E, because o~ in the event of the failure on tt~e par~ of the said MORTGAGOR to duly, p~o~np?ly and lully pe~fw~n, d~xha~ge.
exetute, etfKt, complete, canply w~th and ab:de by each and evcry the s~~pv~af~ons, egrern,en~s, co.~d~nons, and covenams of sa~d prom~sso~y note and th~~
matflye any w eitFu~, and sa:d costs, charges •nd expenses, each and every, shaU be immcd~ately dve and payabte; whe~hc. w not ~here be nouce do-
mand, dfempt to to~lect w wit pend~ng; and fM full amo~nt o( eath and every svch paymenl •hall bear interest Irom the dete thereol unlil psid ~t Ihe
rate oi nine pe~ ce~tum per ann~:n: arw~ all said costs, cherges ~nd eapr~ses i~turred a pa~d, toyether wdh such inte~est, thall be setured by the ben of thi~
mortpa~~.
8. That (a) in Ihe event of any breach of thii Mw?yag~ or detault on tiw part of tk~r MORTGAGOA, o~ (b) in the eve~t any o1 sa;d sums of money
herein refened ~o be not pro.nptly and f~lly paid within th~rty (30) days nc.t a!tcr the s.~~~~e se.•era`ty be:o•.~e due and payable, w~tlwv~ demand or not~te,
or (d in 1he event each and eve~y ~he stipulations, agreements, condmons anJ covenaots o} s~ d prom~swry no~e arrd th~s morrgage aey or e~ther are not
~uly, promptly and fully performed, d~xharged, eaec~ted, e4feclcd, completed, compGed w~~h and ab~d~d ~y, then in e~ther w sny such evem Ihe s+id
9regat~ wm men~bned in said promissory note then remsinin9 uopa~d, with inrrrr;~ acaurd, and a~l moncys secured he~eby, shall become dua sod pay
able forthwith, w thereafter, at ths opt~on ol ssid MORTGAGEE, as fully arw-! cem~lrrc~y as il aU of ~h~ sa~d sumf of money were a~g~nally ihpula?ed
ro be pa~d on such day, any~h~rg in sa.d pro~n~:swy note or i~ eh~s Mortgage to the co.~trary not.vithstandug; a~d ~t,ere~µon or thereefeer a~ the option of
sa~d MORTGAGEE, witho~t not~~e or demand, su~t at law ot in equcty, the~elore w thereafter begun, may be prosrc~ted as if a!I moneys secured hereby
had matutcd p~~w ro ds inst~tutwn,
7. That in the eve~t that st the beginning of or ~t any time pend~~g any su~t upon rhis Mortgage. er ?o Ioreclose it, or to reform it, or to enFo.ce
payment af any tlaim~ he•eunder, said MORTGAGEE shali apply ~o thr Court ha~e~ng ~umd~ct~on th~•rrot for ~he apyo~ntment oi a Recener, w:h ~o~rt shall
forthwith sppoiM a receiver of said mortgaged prOOerty all and singu~ar, i~c:ud n9 ail and s:nuu:er f+,a inconu, probts, iasues artd revenues fran whalevet
sovrce derived, eath •nd every of wh~ch, it be~ng ~apre»ly understood, ia he~eby morrgagrd as speof~:eliy set lath and described in the g~anring and
habendum cla~ses hereof, an~ such Receive~ sha~l fiave dl the b?wd and effecr~ve f.,r.c~.ons and pewers in anyw~se enu~sted by a Court to a Recaiver, and
svch appointme~~t shall be made by such Court as an admitted equity and a maner of abso~o~e r,ght to sa~d MORTGAGEE, and w~rhout reference ro the
adequacy o? inadequacy o( the value of the property mwtgaged or to the so:vency or :~,so~.ency of sa~d MORiGAGOR or the dFfen~ants, and that such
renrs, profits, incane, issves and reveoues shall be applied by such Rece~ver accord~:~g w the lien or rq~ity of ta~d MORTGAGEE and the practice of such
L~• i
8. To duty, p.omptly and fulty perfo~m, discharge, execute, e(fect, complete, Co~n~iy w~~h arx! ab~de by each and every the st~puiations, agrcements,
conditions and covenams m sa~d promisswy note and thii mortgage set fath.
9_ That in the e~rnt the owne~ship of the mortgayed prem~ses, a any pa~t the!eo{, bccomes vested in a person othe~ tha~ the MORTGAGOR, the
MpRTGAGEE, its succes~o?s and assigns, may, :vithout notice to the MORTGAOR, deai w~rh such successor a successor in "snteres~ wi~h reference to this
morlgag! and the debt hereby setured in fht same manntt as with AM~rtgago. without in any way vit:ating p d~Xharging the Mortgagori liability here-
under a upon the debt he~eby secu.ed. No sale eF tht Fremises hereby mo.rgaged ar.d no for~earance on the pait of tne MORiGAGEE a its svcceswrs
or ass~gns and no eatension of the time fa the payrrn~t of the debt he.cby secured given by ~1x MORTGAGE~ o~ its s~ccessors or aas~gns, s~ull operate
ro release, d~xharge, mod~fy change w affetl the orig~nsl Iiab~Gry of thr AM1ORiGAGOR here~n, either in whole or in part_ .
10. It is spec~fically agreed that time is oF the essence of th~s con~ract and that no waioer of a~y ob3~gar~on hereunder or of the obligation se-
cured hereby shatl at any time thereafter be held to he a waiver oF the terms hereof w oi the instrument secured herby.
I1. In add nea to the fwego]ig monthly payments o( princ pal a~d imerest requ~red by the prom sscry no'e secu•ecl hereb~, mongagor tovenants
and sgrees to aay ~o mortgagee v~ith each momh!y pay.rent an add~rionai svm .asr ~ a~ed br mo~tgagee to be eyuai to 1 i2 of t:,e annual cost of the folfow-
'ng_
A-Ail real property taxrs iev~ed w a:sessed agai~st th~ above desu~bcd reai estare.
B-Pram~:,~ns on fire and windstorm insurar.ce as here~n requ~red to be carn~•d c~ fhe ~mprovements s~r~ate on tFk aboYe d~scrfy~d premises.
C-Premiums on such mortgage guaranty ir.surao~e as mo~tgsgee sha:l from, t me to t~mc deem fit to tarry on the loan setured FKreby.
Mwtgagee shait !rcm time to time notify mortgaqor ~n writing of the aR;ov~t du~ and payable hertundrr and such s~~n shail thereupon be due and
~~yabfe on the due daie of rhe next month:y payment and each s~ccessive month thereafr:r u~:~i! mwtgagee shall not~fy mortgagor o! a change in such
emount. Such sums sFa;! be appt~ed by matgagee ~oward the payment of real property taaes, insurance prem:~ms, a«d mortgage g~aranty inwrance
E premiums_
~ IN WITNESS WHEREOF. ~he sa~d MORTGAGOR has heretinto set his hand and seal th day and ye~r first afo~esaid.
! Sig~ed, Sea e an e!iver d" the prese of:
~ cY.T_ FILEO Ah0 P.ECORDEO •
ST. ~UCIE COUNTY FIA.
; ROCER r^OITRAS ~ • +0
~ CIERK CixCU1T COURt ~ ~ , q
i j iiECOa~ YERiFIEO - ~.~N,~, ,
a
PH'TI ~ft~: ~.;~,~;,r
~ SiAiE Of FLORIDA
~ ,J~ 9 12 i3 . = * ~ _
Sr ~ ~02g5 . ~ . . .
~ . l.ucie r•: - :
couNTr oF ~ ~ v. ; J:;
~ 5efwe me personally appeared Raymond L,. I senbur = : ~
Katherine U. Ise~burg "
~ his wife, to me well kpo~ ~
the indiridwis described in and who eaecuted the foregoiry instrumeM, and ack~owiedged befwe me that they executeq ~
~ rhercin e:pressed. Md the .a~d- Ka t h er i ne D. I sen bur c , r~
~ w~r~ of ..~d - ~ayia<;nd Isenbur~ ~c~~,~-~ij*~t ~,'~O~
e~amination by me taicen scparate and aoart from her saK! husband, acknowled9ed ~o and be~ore me that ahe executcd said instr~meN?~fnslr`~dtiol~nr
~ ~ardy a~d w~thovt any compuss~on, co~straint, apprehe~ ' fear of w from her said husband.
_ WITNESS my i+~nd and ofi;c~sl ual thii_-~ _ day oi_ `~~e A. D. 19,71
~ Notary V ~c io and iw the Slat~ of Fioride d Lar~e
~ My Comm~ssion eapires:
g ReTUm To_ ' ~ ~~~E
~ First fedNal Savings 3 loan Associat,on ~:.~ni~~~ F....:.~.,.nSj;+i~ i~e'
~ h~Y CU?~;~.:u,l.. ~ ~x.ri~,:.,, .J, l~..
~ Of i~~t P.r.•ce Jpf10ED 7NRJVGH t.~:ED 5~. n~~ -;'Etr~Jtty,.
~ f011 P~.rrGt. flCir~;[}a
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~ This Instrument Prepared By J~mes L. Ch,~stain
~ First Federal Savings b loan Association
~ of Fort Pierce, F l~r id:+ ~
r
~ Checked BY p Q j
~ aooK ig2 2975 ~
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