HomeMy WebLinkAbout0679 1. To plx~ and contintiously ke~p on th~ bui'd~np• now cr I~ttNfiN 4N~T~ W1 f~~d ~~~+d and o~ alt equ~p;nent •n~i person~lty covered by tA?s mortq-
~g~, w~th ~11 pem:urn~ ~h~rew~ p+•d ~n fu11, f~re insv~anc~ ~o tM u~wl irand~rd oo~:cy fwm, in ~ tum appra~~d by the MOR~GAGEE. •~d wh+ds~wm
~nsv~~.x~ in tM ~swl uar+c4+d poLCr form, in • sum app~o~cd by ~t+~ MJRTGAGEE, in such company o~ canp+n~es as ~he J~~ORTGAGEE ma~
d~rsct; and all fi?e a.~d w~nc'seorm insura~+c~ pol~c~rs on ~ny of ~a,d bu~~d~r+gs, any inrera~t ~he~ein w psr~ tF?_~aoi, in Ihe aggregatQ fum ataesrd o~
in excess thcreof, shetl conu~n ~he ~owl iundard matgsgee clause a sucA o~he~ ciause af ~M Mo~tgaqee may requ.re. ma?~nQ the wss unde~ sa~d poli-
c~es, exh a.d every, parab~e ro sa~d NORIGAGEE as ~n ~mrre~t may ~ppe+~. +~~d c+:h arx! eve.y such poi~cy shall be prompdY ass gnrd a~d dei~verrd ~o
•ny held by s~N! ~10RfGAGEE sa fu~~he~ aecv.tty ro sa~d mor~ga9e drbt, and, nui less than ten (101 da~s in ad~ance of tAe exp~~atwn of each po~~cy, ~o dr
(~ve~ to said MORTGAGEE a renewal theteof, toptther wi~A a rece~pt iw tha prrmium oi such ronewa!: and ~here shafl t~t no f~~e or wi~~dstonn in~urante
plsced a+ ~ny of sa~d b~,~td~ngs, any i~vc~est tAere~~ w par~ ~hercof, u~less in ~hs form and w~~h ihs ~oss payabte as afwesaid; ~~d in the eve~t a~y ~um
of ma~ey becomes pay+ble w+de~ s~ch policy w pot~c~es said MORTGAGEE shall have ~hr op~~c++ to ~eceive a~~d appiy the su~~e a+ occount o~ ~he ~~xkbted-
ness fecured he.eby a b prrmit uid MORTGAGORS to ~eceivs and us1 it p any part thereof tor osncr pw~ ~tes. .v~tho.,r tt._r.. o~ ,va~.~ anp.+u-
ing any a~uity, IiM p ~+ght u~+dc~ w by v'ufvr of th:s mo:tg+~e; ~nd in the event sa:d MORTGACn7R5 shall fw any rrason fait to keep the sa~d p.em~srs so
~nsured, w fail to deliver pra*+ptly anY o! s.~id poi~cies of inw~ance tp ia~d MORTGAGEE, w fad pro~~pt~y io paY fv~ty any prem:.,m therrfw w i~ any
re~pen fail to per~wm, d:uharge, eaecute, effecl, complrte, tomply with and ab~de by th;s covenan~, u any part htreof, se~d MORTGAGEE may ~iace and
pay for such insu~snce u~ny Fart ~hercof w~rhovt walvi+?9 a affec~ir~ any op+~on, tien, equ~ty, w r~~ht u~dr o~ by v;riu~ ol fh:: Mortgsge, and the
f~it a~.~ount of each u+d e.e?y such pa~ment shall be unmedw?ely d.ro and payable and shat) bra. ~ntrr.at trom the date thereof ~,~til pa~d at the rare o~
mne per cenwm p~? an+w~ snd ~o~e~hr~ ~.~th such inr~rest shaii be s~-eured by the lien o! th~a mortgage. _
1. To p~rmit, commit w auffe~ na waste, imp+~rmem or deter~or~T~on of sa~d property or any part thrreof.
S. To pay a11 a~d sirgul~r ~he cou~, ch~rges +~d expenscs, ~nc~vd~ng a reasonaole at~wney's fee and cos~s of abstracts o( title, incurred o~ pa~cf st
any timc by sa~d MORTGAG:E, because a~~ the event of the fa~lure on the pa~t of the aa;d MOR:GAGOR to do:y, promptly and fully perfo~m, d~xharge.
-.rc~te, effec~, complere, cae~plr w~rh and ab:de by each and every the s~~w,~ar,ons, agrermenrs, co~~d~f~au, and covenan~s of sa~d pro~n~ssory note a~d ehis
mortgsge any or e~nc~~, and sa:d coses, charges and expenses, cach and every, sha~l be im~nrtiiat'r~y due a~+d payah:e; whe~her a not ~he~e be ne+~ce dr
mand, anempt to coti~cl or svit pe~~~ng; and the full amount of each and every svch paymrm shall bea. interr:t from the date thereof unril pa~d at the
r,:te o~ n~ne per crnr~m H~rr am~u:n; and a~l saw' cos:s, tharges aod eaptnses lncurred w pa~d, fogether wdh tuch internst, shall be setured by tAe ~ron o} th~~
mortg~ge.
6. Tha~ (s) in tha event of any breach of this Mwtgage w defau~t on :he part of the MORTGAGOR, o~ (b? in the eve~t any of sa:d sums of money
nerrin refenrd to be not pranptiy and ~u:~y Da:d w~~h~n th~rfy (3J) deys ~ext a~~e~ the sa~ne severa'!y becane d~e snd payab!e, wiihout demand o? ootrce,
or (c) in the evem each and evcry the stipu!ahons, agreOmenif, co~dmons and coveaanu of sa d pro~~issory note and fh~s rtwnyaye any or either •re no:
i.,~y, prompHy and h:I1V perfwrned, dxharged, executed, effcaed. completed, compl~ed v~~~h and ab~ded Sy, then ~n e~~hcr w any such event ~he sa~d ag
3:egate wm menraned in sa.d prom~sswy no*e then remaining unpa~d, w~~h in~rrest accrued, ~nd a:t moncys secured fxreby, ahail become due and pay-
eb e for+hwith, er ~hereaftcr, at the opt~on of sa~d MORTGAGEF, as fuily a~d compie:ety as if ail of rhe sald wms of money were o~g~n+lly st.pu1atrd
To be pa:d on such dcy. anyth~ng in s~.d prom~ssory note or in ~his Mo.~gage ro ~he con~rary notw~thstand~~g; and ~hereupon or theresfter a~ ~he op~~on ot
sa~d MORiGAGEf, v.nhcut nonce a dema:~d, suit at law or in equity, ther~:ore w ~hereafrcr begvo, may be prosecuted as if all mw~eyi secured hereby
nad matwed pnor ro rts ~os~nvrion.
7, ihat in the eveM tl,at at the be9inning of or at any time pend~ng any su~t upon this Mwtgage, a to faeclose it, ot to re(e~m i~, or to e~force
paymenf of any da~ms hr.e~~de:, sa~d MORTGAGEE shsil app~y ro the Covn hav~~~g ~ur~sd.r.:on the~eof for tF~ appantment of a Receiver, svch Gourt ahail
forth.vith appo~nt a~ece~ver of said mwtgayed prooerty aN and ainguisr, indud:ng a:t and s~ngu~a~ ~he income, profas, issues and revenves irom whatever
seu.ce derived, each and erery of wh,ch, ~t be~ng expressty unde~srood, is hereby mo•~gaged as i4 apec~ficaily xt forth a~+d described in the graroinq a~d
hj~endum c!a~ses hc+aol. and svch Receivr sha? Aave atl ~he br:.ad and effec!~ve funu•ons and pov.ers ln anyw~se e~trusted by ~ Co~rt to a Receiver, and
s_ ch appo'-nt~,ent sfia~i be made by svch Covrt as an ad~nitted equ~ty and a mauer of absoiute r.ght ro said 1MORTGAGEE, and w~theut reference to ~he
e~eqvacy o~ inadeq~~xy of tRe value of ehe p~operty matgaged or ~e the sotvrncy oi ~~so:~ancy ol sa~d MORiGAGOR or the defendants, ar.d that urch
re~re, prohts, i~comr. +u~cs and revenues at~a~i be applird by svch Receiver accord~ng to the Iien o~ aq~~ty of said MORTGAGEE and the practrce of such
Covrt.
8. To dvly, prom~;t:y •nd fu~~y perform, d~scharge, exec~te, effect, co.~*plete, co~^ply w~r6 and abide by each and every the stipulatioes, agr~ements, ?
.enditans and covenanis .n sa~~ prom~sswy nose and th~s margage set forth.
9. That in the e~ent rhe ownersh~p of the mortgaged prem~ses, a any part thr:eot, becomes vested in s perwn olher tha~ 1he MORTGAGOR, the
~10RTGAGEE, its wccessws and ass~gns, may, wrthou~ no~~ce to the MORiG~OR, deal w~th s~ch successw or successor in interest w~th reference to this
~~o~:gage and ~he d.ur hrreby sec~red in the same manner as with Mort~ayo~ w~rlw~u~ in any way vir!ating w d~xharg~ng the Nbrtgagwi liability F+ere-
unde: a upw~ the deb~ hereby secured. No aa:e oi the p+em~ses hereby ma~gaged and no lorbearance on the pa~t of rhe ?~IpR1GAGEE er its wccessors
or ass~gi+s and ~o e.te~s~on of the t.me fw the payment of the deb~ hereby sec~red 9~~en by the 1J1~RTGAGE'_ ar its s~ccessxs w ~a:,gns, a5a71 operate
ro rdeax, dacharge, ewdify change or affect the or:~~nal Gab.l:ty of the MORTGAGOR herein, either i~ whole w in part.
10. It is spec:f;caliy agreed thar t~me is o( the e~x~ce of tius contract and that no waiver of any obt~ga~~o~ hereunder w of the otligation se- 4
c~red hereby shali at an~ fime fhereatter be hetd to be s waiver ef the terms hereof or of the instr~ment secured herby.
11_ In add t:eo to rhe f~,.ego'r.c~ mpnth'y ~dym~nTS of pr,r.c pai and intrrest reqv~red by the promswry nore uc~red hereb~, rtwrtgagor covenants
,~d agrees to pay ro mo-rgagee v~~th each r:~onihiy pay~~ent an add~r;onal sum eu mared by mortgager to be eqvat to 1, 12 af ::~e annuai cost of the foliow-
ny.
~ A-A!t rea~ praperty taRrs lev~~~~ o• assessed ag~~•:.t the ab~.e dest~~bed real estate.
; Q-Fr• ~.:.,:-n o:+ {~re and wir.dste cn ~nw•arce as here+n req~:red to be ca•,-~ed c+: she :mprove~nents s~ruare on the above d_scr~bed premi:es.
~ C-Pre:nwR~s on s~•cn rr.orty~ge guar3nty ir.surar.~e as mortgayee sha:l from tme ro t~me deem i~t ~o carry o~ tn~ loan src~red hereby.
Mortg~ee s~~ ~ frc.~ u:re ro n^+e ne~~fy- mcrtyagc~ :n w~:t~r.g of the a~.o:,~t d.,e and paya5le he~rundrr and svch w n shail therrupon be due and
,„able on rhe d~e aare of The nr.r n:onth[y payment and each success~+e month ~hereaf!e. ur.tit mcrrgagee shaU not;fy mo:tg~gor ot a cFenge in such
4 • our.t_ S~ch su+ns s~-~.~ Ge ap~.',rd uy mortgagne roward tne pa~menr of rea: p:eperty taaes, msvraxe prem.vms, a~id morfgage gvaranty insurarue
; >•e^~wmi. _
~ ~~::i:~`, '::ti:R~O` rr.~ ,:~3 !:CitTGAG^A t~.as !:rrr~^!a se! !::s F.a^d a^d •ee~ ,h• day a7! yea! s~ afcueu~d
bgned, Sea!ed and de'. ~vered in the F+cxnce ofc ~
t ~.7/ . , - a1)
_ ~ ~ (Se~O
(Seaq
- - ~Seal)
~;ATE OF fIORIDA ~
, * 55_
~JtiVTY OF _ - • Ii1C_' ~
Before me ptrsonally appeared ~=a~st('l~ i. ~i~'.l~t' •nd
_ P'~-:
J i ~I~' his wife, to me wefl 4nown and known to me to be
r~~e ;nd;v~dw:a descr~bed in and who eaecuted tFvt forega^~ ~nstrumenl, and xkncwledged before me that they executed the same fw the pu+poses
tC`:v~_-:' '^1~!
!~e•r~n expressed. And the said---- - = - -
'-3.'KC:~~ i. ..~iltt:
w:~e cf the said - upo~+ a separ~te u+d wivat~
~ ~.e~+:~na+•on by me ta~rn serarate and aparr from her sa~d husband, acknow~edgcd to and befo~e me that she executed sa~d ins~r~mem freety and volun-
~ ~a•~:y and wrthout x~y ca-npv~sroa, constraint, apprehenf.on, w fear of or from her ssid husband.
' ' ~1
' WITNESS my hand and otfic~al seal this__ - _ day of A. D. 19 ~
~ ~ ~
-~_~_L ~~:~-~i:._~~
~ • Notary Pub~~c in and for the Sute of F{orida at l~r~
My Comm.ss~on expitrs:
Return to: NOTARY PUBLIC~ STATE OF fIORIbA A1 LMLE
~ Fint Fedent Sa•+[ngs 3 toan Assoc~at:on ~ „ -"•'i, ~ C~:d61tSS10N EXPIRES SEPT. 23~ 197= :
O~ ~o~t P e~.e 60NOED fHRU FRFD N~. DIE$TELIIORS~ f
Fo~t F~rrce, Flprida ` _ . ~ :
_ ~ : : - ` 212835
' ?~lEp AMD RECOR EO
~ ` • =T- tUCIE COUN~Y ~
This Instrument Prepared By i. '~~.~,8~,t1. ROCER ~OITRA: ~A~
First Federal Savings b loan Association ~ ClER1( ~;R~~~T ~OWIT
of Fort Pierce~ _•~ia R[*QR~ yE°~fIEO
. Ju~ 16 H ll
Checked By _ - ~ 36 P ~ _W
~ ~
~ s
~ °~K 194 6?9
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