HomeMy WebLinkAbout0890 3. To ptxe ~nd ca+~in~ously ke~p on tM bui'd~rps now o~ h~reaftN s~~wt~ on s+~d land and on sll rqu~p~~em and personally covered by thii mwq~ ;
ya, w~th ~11 prenuums ~her:or? pa.d ~n full, fir~ insur~nce in tht wval surdard poik~ fwm, in a s~m app~oved by the NkORiGAGEE. and wi~dslo~m ;
~nsw~nce in the uswl iranda.d F+o~~cy lam, in + wm approv~d by ~M MORTGAGEE, i~ sucl? canpany w cornp~n:es u the MORLGAGEE may i
d~.ec~; and all fir~ and w~ncJuorm ~nsur~nct po~iues on any of sa~d bui~d.nys, any in~c~r~~ the~ein or pait ~her~o(, in ~FM ~ggrepare wm aforeuid o~
in excess ~hcreof, thall coneain ~he usual standard ma~gs~ claus~ or such al<r d~us~ as tM hla~yagc~ may requ.~~. ma?inp the loas ur.de~ aa~d poiF
Nes, exh ~od every, parabl~ to sa~d MORiGAGEE as ~ts imareft may ~p~u, and cach and evcry tuch policy shall bc promptly ~ss.gned and dcl~vered ~o
any held by u~d MORIGAGEE ss Furth~~ sec~rity to said mort~ag~ dcbt, ~nd, no1 ~EU ~han ~e~ (201 days in advance of the e~p~~anon oi cach potity, fo dr
I~ve? to said MORTGAGEE a re~iewal thereof, togethtr with a rKe~pt tot Ihe p~Mniwn oi such renewal; a+~d there shall tx no fire or windstam insurarK~
plsced on any of safd bu~~d.ngs, ony ~nteres~ therein w pu~ ~he~eof, unles~ io the form and wffh ~he ~oss payabls as afaesa~d; aod in tl+s ev~nt any iurn
of nwney becomes payable under such policy o~ po~~cies isid MORTGAGEE shall have ~ha opr~on w recr~Ye and apply the s~:nr on xcounr p( the indsb~ed-
neat secured her~by a ro permit saK! MORTGAGORS to rKeiw aod vf~ it Ot sr~y parl Ihere~uf tw o:h.:r pur~.oars. v.+enout ~h_•. ui wa~v~n3 or .r~ipau-
:ng any equ~ry, lis~ ~ ~ight undcr a by virtw ol Ihis mo:e~age; and in Ihe evenl sad MORIGAGORS :hs~t fa any reason fail 1o keep ~he sa~d p+emius so
~~surad. a fai! to del~ver promptly any of SJ1d ~IO~K~C~ Of ~~wrance ~o sa~d MORiGAGEE, o~ fait prort~ptly ~o p+y lulty any prani~m therefw or in any
respect f~il ro p~rf«m, d~xharg~, earcute, effect, tanplete, comply w:rh ~~d abide by th~s covenanl, a any pa:t herrof, said MORiGAGEE may place and
par fa such insurante w any ~.+.t thereot wi~hout waivin~ w affectinp any option. lien, equ~ry, w rigM unde. ot by virtue of this Allortgaye. ~nd the
ful~ a~,w~nt of eacA and every such paymem sh+ll be imrned'utely dw and paYable and sha11 bear ir.terest from tha date thereof un~it pa~d ~t tht ~at~ ol
mne pe~ cenwm pa annum and to~e~!+c~ w~th s~,ch inec~es~ sFwli be sacured by the lien of this ma~gsge.
To parmit, commit a su~ter no v.aate. impa'umeM a dc!e+iwatio~ of said property w any part thereof.
S_ To pay all and singutu the costs, char9es and eapenus. including a reasonabte atrwney's fee and cosrs ot abstrads nf title, incurred w paid at
a~y t~me by u~d MORiGAGfE, because or ~n ~he event of tM (a+lwe on ~he part of the said MORTGAGOR ~o duly, promptly and fulty pe~fwm, d~xharg~.
exec~te, e(fec~, con+ple~e, ca-nply w~~h and ab:de by each aod every rMe st:pvl.~t,ons, +gr•_~+•enes, cond~nons, snd covenants a~ sa~d prom~sso.y note and ~h~s
:nor~geye any w e~~her, an~ sa~d cos~s, charyes and expenses, exh and every, shall be immediately d~e and payable; whe~hcr or not tFure be ~once da~
~,and, anemnr to cotlect w suit pend~ng; ~nd ~he full arnoum oi each and e~ery wcA pay~ncnl shall bea~ imeres~ from ~he da~e thereof uroil paid at the
~.ete o~ ~urx ptt ce~tum ~xv an~i~m; an~.' a!1 aaid costs, charges ~nd t~cptnses incurred ~x pa~d, together w~th suth inte~est, shstl b~ secured by ~he tien of ~h;~
~nortga9a.
6. Tha~ (a) in the even~ of any tx~ach of th~s Nb.tgage or defaulr on the pa+t oi thc MORTGAGOR, or (b) in the evcnt +ny of sa~d sum~ of mor+e~
hercin refrrrrd to be not pro•~ptly and fui~y paid within th~rty (30? d+ys nea~ aferr ~he sa~~e seve+a!!y become dve end psyable, witiwut demsnd o~ notite,
er (c) in the evero each and eve~y ~he s~:pu:a:ions, ag~eemenh. tond~twns and covenaN~ of sa.d praniswry no~e and ~h:s matg:ge any w either are nd
i~iv. p.o.npdy and f~lly pe:formed. d.schsr~ed. executed. effected. completed. .ompl~ed w~~h and ab.ded ~y. then in eaher a any such evenf tht sa~d a¢ [
grEyate sum mtnhOned in said prannsory nute thrn remainiog unpa~d, w~th inte~e3t acu~ed, and all moneys sec~red hercby, shall becort~e d~e and pay-
eD:e lwthwrth, or ~hereafte~, a~ tt~s opf~a+ of sa~d MORiGAGEE, as fully and cwn~te~ely as ii all of ~he sa~d sums of muney were org~nally sripulated
to be pa~d on svch dcy, anyth~ng in sa.d p.wn;sso~y note w in this AAwtgage !o the cont~ary notw~thstand~~y; and rhrrr~ipo~ or therealte~ the optio~ of
sa~d MORIGAGEE, w~rhout not~ce or demand, suil at law ot in equity, therefue or therea!?er begun, may be prosecuted as if all moneys setured hereby
n~d maturcd pr~or to ~+s imtit~t,on.
7. ihar in the e~ent that ar rhe beginn~ng ot o~ ~t any time pendi~g any su~t upon this Mo.tgage. or fo iweclose it, or to refwm it, w to en(orc~
payment of any cl~~ms hrrunder, said MORTGAGEE shall apply ro the Court hav~ng ~ur~sd:u~oe ~hereol !or ~ha appo.mment of a Rece~ver, such Cou.t shall
forrhwith ~ppomt rece~vtr of said motrgaged prootrty aIl and aingvlar, inClud~og ail and singu~ar ~he income, profib, iss~es ~nd ~evMUes from whatevt~
se~rce de~ived, each and every of wh~ch, i~ bcing express~y ~nders~ood, is hereby mor~gaged as if spec~iicoily set forth and deauibtd in the pranting and
hebendum clavs~s hrreof, and such Receiver shall have at1 the b~oad snd eifecr~ve ?unct•ons u~d powers in anyw~se entrus~ed by ~ Court 1o a Receiver, ~nd
s_ch appoinrmen~ shalt be mede by ;vch Cou~r as an .tid~nirted equity and a matter of aDw~ute right to said MORiGAGEE, aod vvithout ~eference to ihe
e~Irquacy w inadeq~acy of the wlve of rhe preperty morsgaged w to rhe w~~ency w msoi.ency of sa~d 1NORrGaGOR or the ~!efenda~ts, and tMt such
rr~fs, p~ofits, incar.e, issues and revcnues shall be applied by such Receiver accord~n9 to the lien or equity of wid MORiGAGFE and the practice of such
Cowt.
8. 7~ d~ty, promptly and ful~y peifo~m, discharge, execute, ef(ect, comple~e, comply w~rh ~nd abide by each and every the st:pularier», agrcemcnts,
con~iti~ns and covenanrs ~n se~d prwniaswy no~e and this mwtyage xt fort!~.
9_ That in the event the ownership o( the mortgaged premisea, w any pa~t thereof, becomes vested in a person other 1F~an the MORTGAGOR, the
~.ORiGAGEE, its s~ccessors and ass~ans, may, wnhovt not~ce to the A10RTGAOR, deal w~th sucfi tuccessor or successor :n interest wirh rclerence to this
rt~o~tgsge and the deb~ hereby secured in the sar.u rna~ner as wnh Mortgagw wrtho~t in any way vitiatir.g w d~xfiarg~ng the Mwtgagori li~biliry hera !
;;rder p uFcw+ ~he ~bc hr~r~y sewred. No sa:e of the Fremixs hereby mortgaged and no forbearance on the pan of the MORTGAGEE p its successwt
or ass~gns and no earens:on of rhe tlme for the payment of the o`eiN hereby secured g~ven by the MORTGAGEE or its successors or assignf, sfull operate
ro re!eax, d~schar9e, mod~fy char.ge or affect the or6g~na~ liab~l~fy of the MORiGAGOR F+ere~n, eithe+ in whole or in part.
10. It is s~af~cally a4reed thar ri~ne is of the esxnce of this contract and th» no waiver of any obl~gi~~on hereurKkr or of the obliystion se-
c~red hereby sha:~ at any time thereafter be hnld to be a waiver of thc terma hereol o~ oi the instrument setvred herby.
' 11. In adti ~.e~ ~o the forego ~~g ~»onth!y payme~ts of pri-~c aal and interesr requ~red by the prom ssory ~are s~~c~red hereby, mortgagar covenaMS ~
d eg~ees to ~ay ro ~,:o-eyagee wth ee:h r.~onrh~y pay~.xnt an add~rional sum est~:,,ated by mortgegee to be equai to 1, 12 of the annual cost of the follow-
~,y.
A-AR r~a~ p.cperty f~x_s ie;~ed or assessed agai~st ihe above described r_ai esrate.
B Pr~~rr:.w:~s on f~re and v~mduorm ~nsurar,ce as here~n rcqu:red ro be ca.~icd cn the :rrrroveme~?s s:suate on tFk above desu~bed premises. •F
; C-Pre~r•~u • s oo xvch n:o: r~ .ge guaranty ir.w*a•.ce as mo~tgagee sha~l !re:*~ s me te +~~n~~ deem fit to ca:ry on the ~oan sewred hereby. }
~ Mptgagee :h~ !'~cm i~•nr ro t:~.:e ~w~if f mo*rgagor ~R wr~t~ng of fhe a^ount due and payable hereundr~ and such su:n shall thereupon be due end
~ ;~iable on the d~c da!e of :n> newt mo~th:~r pa~ment and e3ch successive month thereaiter ur.tii me~!gagee shall ~tot;fy mOrt~agq Of a thange in SuCh
~ , ount_ S~ch sums sh ce a;:F•'~ed by nio~tgagee ro,~va~d ti~e payment of rea! property taxes, insurarue p~em.ums, and mwtgage guaranty insur~nce
; •e-n~u:ra.
IN WITNE~S .:RE r' said MORTGAGOR ?+a: hereu~to xt h~s har.d and seai the day and y9a~ first atoreuid_
F c Sgnecl, ie~ ' ~ eunce of: ~
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c5c+0
cs~n
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S~aiE OF fIORiDA
SS.
~JUNTY Of ~t. Lucie ~
~f«~ „x pe,w,w~,,, ,ppea~ed I,aura B. iiancock, a sir.Ele adult ]nbx
to me well known and known to me fo b~ ?
;i,e indiridua4 deuribed in snd w1w executed the foreyary instrumeM, and sckraw~edgcd before me that ~he~ executed the same for the purposes
~ thCr~in lxprlsttd- ~
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~ WITNE55 my hand and offic~al seal this__ day of J~ .0, 19~ {
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~ Not ry Public in ~nd i t Stat~ of Flwids at [jrps
~ My omm~ssion expire : • " • -
~ Retum To: : ,
Fint Feder~l Sav~ngs 3 loan Assoc~at~or 'tiJ~ ~~r ~:J"` _ C~F i!!;~~?;A Rl t~kG~ ~
Of ~ort Pe~ce .i.}.~:. ..i . . = ~C't.~:', 2. 79:5
~ GE(~ft~AL i::~;,nia::~t i;'~~ER1YRti~P.S. lM~,
Fort C~erte, Flonda ~
~ ~12~~5i 3 2" ~S
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~ This Instrument Pre rec~ B J. D. Ch3stSin F Lf 0 ANO ~ECp~ p~ 0 ~
Pa Y WCI[ COW11~ f11, ~(V
~ First Federal Savings ~ loan Associaticn ltO~ER 10{TAAj ~ !l'
of Fort Pie~ce , F1oMda ~epftp rca~FiEO~..~, ~
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~ ~hecked By~-- ~ f~~ ~Z ~ ~ ~1) ~ 1
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~ A Q '
~ 80(3K ~~Y ~7~ l~s ~
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