HomeMy WebLinkAbout0551 3. To plxe and con~~nvously keep on ~he bu~!d~nys now or hereaf~a snwre on sa:d ~ar~d a~~d on all cqu~p~nene and pe.sonatiy co~e~ed by lhis er?ort9-
~g~, w~th all prtm~ums tl+erean pa~d ~n luil, f~re :nsurance in ~he vi~sl s~r~d..+d po.~cr fo.m, in a s~m apprc+cd b~ t~x MOR~vAGFE, and w~nds~orm
~nswanct in the uswl a~anda~d pos•cy fo~m, in a sum app.o~ed bY the Atc~RTG~GEE, ~n such co•npaoy o~ ca~pa.~~es as sFu MORiGAGEE may
d'uecl; and aQ fir~ and v~ndsw~m ir.su+ence pol~cies on any of s.+~d bv~id ngs. any inte~eu the:~•~n or pa~t there.~f. i~ ~he agg~egate wm ~iweaa~d w
in ~acess 1lKreol, t1~a11 coo~ain rhe usu.~+ as~~~da•d mwtgagre ciause a svcl+ oei~er ci,~„se as ~he Mo~tysgce may rcyu.?e. ~ne?ing ~he loss un~/e+ se~d pdi-
u_s, each and ~ve~y, pavablr ro saa MJRTGAGEE aa ~ts ~marrst ~nay apper?. and iach and e~erY such p~~~c~ s6a11 Ix pranpuy au y~~e.: a~+d de~~Yerad ~o
•ny I+eld by ssid MORiGAGEE as iur~hr~ srwr~tY ~o said mori9age d~bt. and, ~+ot less fh~n i101 da+s in adva~ue a( ~he eipi~at~un oi each po6cy, to dt-
Gve~ ro ~aid MORTGAGEE a ea~ewal thereof, together with a rece~p~ lor thr pr~ nw:n ol s~ch re~~r+.~~; a~,d ~he~e sf~a11 br ~w f.•o o. w~~~dsw~~~ ~~s~wnce
pl~ced on ~ny of sa~d Fwild~~gs, any intrrest Ihero~e Ot p~~~ the~tof, un'rss ~n ~he form a~~ w~ih rhe loss payable rs afa-said; and io the e~ent any svm
ot mon~y b^.tomea peyable u~r such pofty a po~~cies,said MOATGAGEf eheil I~ave ~hr oF~r.~n to ~ece~vc o~:d app:y the fa ~~e a~ accounl of N+C i~ulrbted-
neu setwct! Ae~eby w ra permit said MORTGAGORS to rcccive ~nd use it or a~~y ,~:•t ~n._:..of ro. e:n~•r Hur; cs~•s. ...~I:,,,,c ii~,r.ur w_~., o~ ~"~p,.~r- ,
ing any eqv;fy, lien w r:ghl undcr or by virtw o! this mo::gsy- and in tl~e event aa d MOdTGAGORS shali .o~ any rc•~son tail to keep ihe sa~d p~emisrs so '
in;ured, ot (~il 1a deiiva promptly any o4 said po~.ci.s of ir.surance to sa.d MORiGAGEE, or f~:! prc ,~p!ly to pay lulty any p.e~+uvrn therefw p in a~y
respett fai) b ptrEpm, discharge, eaecute, efiect, t~~p~ete, tanply w~~h and a5:de by th~s cove~uat, o~ any p~•t hrrcof, sa+d MGRTGAGEE may p~ace a~•d
pay fa sueh insusanc~ w~ny parl ~hereof w~thout waivir~ or affecting any o~n.un. Grn. equ~~y, or r~~hf undrr w b~ vl~t~s ol eh~s Me*tgage, and the
full amount of eacA and e.ery such payment shatl be immed~ately dx and pay,~ui~• a~.d sh~i! b<ar ~nf~r~•s~ frwn ~F?a darr ~?+ereoi u~uil pa~d a+ rhe rate ol
nine pe~ cent~m per annum end to3rtiier wuh such inte~est o-he{i br sx~rad by the i~en of fh~s mor~gage.
To permi~, eommit o~ suffr. no waste, impa~rment a dete~iota}ion of sa;d proNer~y or any part thereof.
5. To pay all snd sirgu~ar ~he co:u, charges and expensrs. Inct~d~:,g a rea:o:~abse ano.nev's ier a~,d cos+s of a6straas ot t~tle, incuned o. pa~d at :
eny lime by sa~d MORIGAG:E, because or in the eveN of the fai~ure on tne Dart of ihe sa+d A10RiGAGQR to du~y. ~~on~p~ty and (uUy ~rform, d~u.ha~ge, i
executq ei(ett. compiete, comp~y w~~h and ab:de by rach and every the st~p~~ae~a~s, ayrreme..*s, con~+mcHU. and cove~~~~s oi se~d prpr.~sso~y nate a~id thi• }
mongage any o~ e~~her, antl sa.d cos», cAarges and expenses, cach and e+er~, sha~l br ~~•:«,~ci~at~•iy d.,e and payabte; whtaher rr not tt+r~e be no+:ce d; ~
mand, attempt to coltetl or s~~t pend~ng; and the fvl) amount of each tnd e~r~y sv~h pa,o,rnt shall bra• intcrrs~ fram tAc d~~e therrof untii Faid at thcy A
rafe of nine per crntvn: ~r ann~~~: and a1i said costs, charges and cxua~:ses irx~~rrd ~ pa;d, soga~l~er w~th svch .nttrest, shall be securct! by tht ~~en of th~s ~
mort9~s.
b. That (a) in the eveot of any b~each of this Mortgage ot defautt o~ ti. p.:~t cs fi,c A:O.^+TGAGCR, or ,b) in the eve~t eny of sa:d sums of money
herein ~eferred to be no~ orompHy and luily pa~d withEn th~rty (30) da~s nc.t r:r• t`:e a.,~~:e sr~e.a'iy becane d.,e and payable, wi~hout demand o~ nooc?.
or (c) in the event each and eve~y the st~p~iatwns, sgreements, condu~a~s ancl cu~•rnan~s of so d F,ro~~~~ss~r~ no~a ar.cl ~hs nw~tgage any w rtAer a~e r.o~
~ol/, prompNy ~nd futly perfonned, d.scharged, executed, effected. can~:eted, cump:.ed v~ah r.nd at d~d 5;, tfKn in e~iher a any such event the sa~d ag-
gregate wm mentioned in sa~d promisswy note then remaining unpa~J, w~tl• i~ve.c,~ ar.::,~d, ae~d d i ~no~:rys secvred hrreby, shaN b~con.e d~e u+d p+y-
aole fonhwith, or thereafter, at the opt~on of sa~d MORiGAGEE, as fuify and co~r.p!r~r~y as ~f a:t of thr sa:d sums o~ money were a~g~naily si~p~iated
ie be pa~d oo such day, anyth~ng 7n sa;o prom~sso~y nore or in th~s hlort9age ~o ~he cw~r~ary not,vithsts:~cling: and thereuiw~ w ~hereafter a~ ihe op~~on of
sa~d MQRTGAGEE, Mith.out notice w demand, suit at law a in equrty, 1F1c~2EDrc or tl~e~~airer begun, may be }xox~c~ted as if a!! mwxys secured Ixreby
had mziwed Fr~or to us instiwr~on.
T. That ir+ the event that at the beginning of w at rny time pending any su+t upon this Mo~rgage, w to fweclose it, or to reform it, or to enfo?ce
payment o~ any da~ms he~eunder, ssid MORTGAGEE shall apply to the Court Iww~~g ~ur~sd.cr.on ~hciro! for th. appo~ntmenr of a Receiver, such Courl shall ;
Forthwith appaiM a rece~.•e- of seid mo~~gaged prooerty all and singutar, i~+ciucf ng a•' a~:d s:~:gv~ar me ~ncome, prohts, issues and reve~ves from whatever ~
so~r:e derived, each and every oi wh.ch, i? be:rg expressty vode~arood, is Fereby •no:~gnrd as ;f specdically set fwth orx! descnbed i~ ihe granr~~wJ s~d
F.abendum clavars hereof, and such Qece~.er shall have all the broad and rffecr.ve fu~.c~.c ~s a~xi powers in aoyw~se emruafed by a Cov.t to a Recc~~er, and
s~ch sppointmeni shall be made by such Court as an admitted equity and a matter of abso:ufe ~:gM to said MORiGAGtE, a~+d w~rkout refere.xe to the '
adequxy o~ inadeqvacy of the vatve of the p~operty mo~tgaged or to ~he so,vr~uy e• ~~s.o'.~ency oi sa~d MOR~G~.GOD w the drfendants, and that such °
renr~, profi~s, inca~ne, issues and reve~ues sMl1 be applied by such Rece~ver ac_ord~ng ro ttw tien cr .quity of sa,d MORivAGEE and the p~act~ce of such t
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Court.
8. To duSy, p~omptty and fully perform, discharge, eaecute, effett, compirte. to~~~t:~y w~!h and abide by each and evr~y ~he stipulatlons, agr~emems,
ca:o~~io~y and covenants ~n sa~d prom~ssory rwtc and th;s mo+tgage set fo~~h.
9_ TFut in the event the owr.enh~p of the mortgaged p~em~ses, or any psrt ti~cr~•a1, Ee.o~~es vested in a pe~son other than the MORTGAGOR, the
MORTGAGEE, its successws +~od ass~q~s, may, wi~hout no~ice to the A10RiGApR, dra~ wnh sv.h wccessw or wccessw mteres~ wi~h reference to this
morrgsge ar+d the debl hereby secured in the same manner as w+~h 61orr~ago+ W~1hpJ1 in any way vit:ating w d:scF.a~gmg the h1o::9agori liab~Gty Fkre-
under or vpw~ the debt hereby secured. No sal± of the pren~~ses h,.•reb; mertgag-d ard ne fe-ceara~~ce un the pari oi thr ?I!URTG4GEE or iss successors
o. assigns and no eatens~on ot ehe ttme fw rhe payment of the de5t h<_rcby secured g:ven by the /dORIGAGEE or 1ts successors or ass~gns, a~.ill operate
~o reieax, d~schargr, nwdify change or affect the original liau~~.+y of the N.ORiGAGOR l,e~e~n, eithrr in whole or in part.
10. It is spec~f~caliy agreed that time is of the essence of this cont.acr and that no waiver of any ob;~gat~cr hereunder w o( the oblgation sr
c~red :~ereby sha11 at any time thereaf~er be he!d to be a waiver of the terms hereof w of the ~nstrument sec~~rd he~by_
' 11. ln add.tie~ fo the forego ~tg rronth!y paym~nts of p+inc pa~ and ~:~TC.es~ req~;r~•d by the p'O~` SsCry nae s..~r~ ~_'eb~, mor?gagar eoverwnrs
and agrres to pay to mo-tgagee „~~th rach ~na~ihiy payr.~ent an add.:+onal sUm .~s~ • a+zd b~ n:o•f,~agee ~o tx equa~ to 1, 12 of t;:~ an::~af cos? of ~he fol~ow- ~
'"9:
A-A!1 real property tax_> le•:~_C or assess~d ag3i•~st ~n^ abo•re des-•~b• d r: a: es~ate. i
B--Pr~:r.~u•::s on l:re ard wi ~dstorm int~rar.ce as nere~n rrq~.red !~be ca•n• d c~ ~*~;.•ove-nenes s:tuate on the above d=su~Ced premises_ ~
C-Preiriv~•s on svch rt:o:tgage guara~ty ir.surance as mortgagee sha~t fre^- ~^~e ta r:~r,e deem lit to earry on ttie lo;n sec~red hereb/.
~ Mortgagce s+~a ~ frem n~ ~e ro t~me nohfy mortyagor in w+;nay af the a~~t ;l..~~ and paya6~e here~ndr• and wch sv n shat~ tharevpoo be dve and g
~ Fayabie on the due aa~e oF ~he ne¦t monsh'y peyment and each svccess~ve :~o•~th r~,c•:cafrer w:r~; mcrtgagea shall nor:4y mort~agor of a chan~e in such 3
a^~oont. Such sums s~a:i be app:~eJ by mortgagee toward the paymenf of re,t proF.e.(y ta:es, ins~rance prem.ums, a:,d mortgage gva+anty insurance
I premiums. ~
k /~IN~ WITNESS WH~R~Of. rhe w~d MORTGAGOR hss hereunto set his hard and :eaf fhe day and ye fira~ aforesa~d.
~ IS~gned Seafed and drt~vered in the presence of:
FILEO ~NO RECOROEO ~ .n
ST.lUC1E COUNTY FIA.
- " iiO~ER ?OITRAS
CLERK CIRCUIT COURT ' ~ ~ ___(seaq
RECORO YERIfIE~ " ~a~
STATE OF FLORIDA ~
.I~1 I~I 2 33 PH'T ~ i
ST. LUCI~ ~ ~VIVv _
couvrr oF .
Bcfore me pe?sonalty appeared ~cey Thomas~ :~l. ~
.lllC~lt~1 It~ Thamas his w~fe, to me welt known and known to me to be ~
!he individvats described in and who eaecuted she f;,s ' instrument, and acknow~ ed befpre me tha? the eaecuted the same for 'he r s ;
eg:.::.3 ~~9 Y Pu P~x S
r'nerei~ e~pressed. And the sa~d .ludlt~l I~. ?homas
w~fe of the said _~Cey A• Thaaas, .~Y' . _ _ u~ a sepa~ate end pirv~t~
z.am~nat~on by me taken xparafe and aput from her said huaband, acknowled3ed ro a~d before me that she exec~~ed said imtromem freely ard voluo-
rar~ly and w~tF~out ~ny co~r.puis~on, consrraint, apprehens~on, or fear of or from her sa~d husband.
WITNE55 my hand and olfc~al uaf tfi~s_ dny of__-___ `J ne A. O- 19 71
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Not~ Pvblic in and fw the State of Fbnds •t large
My Comm~ssion exp~res:
Retum To: MOTARY PUBLICr STATE OF FLORIDA RT LApCE
f~rst Fede.al Sav~ngs 6~oan hssoc~at~on ' ~Y COMMISSI7N EX?tKES SEPT. 23, 1973
Of Fcrt P:e~ce ~ J.`''~ i F i~ l- F~ I N. D I F;TEIlIORu
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Fort Pie~ct, Ficr:da ~ - S- - i '
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this Instrument Prepared By JOhn ~T,~'CA~1~l~_,~,: ~
First Federal Savings 8 loan Association Y~.;i••• ~
.~f Fort Pierce ~ F1otiGla ~=~,,l~•'- •
Checked By ~
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geoK 193 . . 551 ~
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