HomeMy WebLinkAbout1051 3. To ptsce and cuntin~ovsly kc~p on tl» bu::dinps now or Mr~aFtK utwu on ~a~d ~and and on ~II cquipmr~t and ps•~a+ally cove.ed by ~h~• nar~y-
y~. w~~h ati prem~ums ~hereon pa;d in futl, fi.e u~iuranc~ :n ~M uwd ~uodard po1Ky lo~m, in a sum approvad by ~he MQRtGAGEE. and win~sform
inswante in Ihe usuai atandard pol.cy forn?, in • sum •~proved by ihe ~?WQiGAGEF. M such ca~,pany o~ canpa~~es as 1M MORTGAGEE ~y
d~rctt; end all (ira and winds;orm inwrarxe poiK~es on any- o( sa~d bu~id,nys, ~ny ir.teresl /he~ein or pa.t ihereol, in Ihe aggreyi~e sum afaesa7d or
M ex:eu Ihcreof, rhsll coroain tne usual standud mor~gs9ee clause a su:h othe~ davs~ as 1M Mortya9ee may requ~re. me?i~y ths lou unde+ aa~d poli~
ues, exA ~nd eve~y, payable ro sa~d MORiGAGEE as ~~f ~~~cre~t may ~ppcar, and ea:h and evsry s~rch pol~q shall be promptly ass gned and ds~~vercd to
•ny held by u~d MOR~GAGEE as funhc~ ~eturity lo ~a~d mongsgt debt, and. no~ Ics~ ~han tcr? (10) dayi in aJ~ence o1 ihe exp~ratia+ of each pot~cy, to dr
I;~e~ ~o sa~d MORTGAGFE a ranewal ~hereot. tv9e~ha~ wi~h a receipt lo~ /he p~emium of :uch :enewal; and ~here shall ba ra f~re o~ w~nds~orm i~sur~nce
plued on any of ssid b~,i~d~ngs. sny ~nreres~ me:e~n or pa.~ the~eof, unlcss in the iam and with tM loss payable as aforesaid; and in ~i~e ev~M a~y sum
of mw?ey becomes payaWe unde~ such policy o~ polK~es ssid 1NORTGAGEE shatl have ~he op+~an ~o rece~ve and apply the ssn.e on eccoun~ of the indebted-
neu secured haeby o? w perm:t said MORTGAGORS to receiv~ and use it o~ an~ part thereof i•r on,.r yurF.Ctr3. wAho.t~ ~h_no~ wa~~~n~ a~ m~pam
ing any equ~ry, lieo w r;ght unde. a by v'u~ue oi ~his mo: tqags: ud ~I?e ~vcnt w:d MORTGAGORS shall fo~ any reason (ail ro kerp the sa3d ~.rem~us so
insured, o~ tai! !o deli~er pranptly any of sa~d polk~es of insu~ance to aa~d MORTGAGEE, or fait prompNy ~o pay fv~ly any pre~~~wm ~herefor w~~ a~y
rcspect fail ro perfwm, d~sclw~ye, eaecute, eiFect, comp~ete. complY w~rh ud abide by this co~emnt, w any p?rt hrreoi, said MGRiGRGEE may plxe and
pay fa such insurance ot u+y parf the:rtof v.~thout waivinq ot a(fetting any option, lieo, eqvity, w righf under p by v;rtue of. this Martg+ge, snd fhe
f~ll rno.,m of each and e.ery such paymr~~t shall be immediately due a~d payabb and shatl bear i~tareat from tM da~e-thcreoi uneil paid a~ the rate ol
n~ne pe~ tentum pe~ annum and to~ethc~ with such interest shell be secured by Ihs I~en of tFus mw*gsge.
1. To pe+mit, mrtunit or sufter r.o wute. impairmcnt o: dero~eoratan of said property w any part thereof.
S. io psy alt and singular the costs, c!»~ges and ex~nses, incl:iding a rcawrwble attor~?eY's fee and cosn oF abs~racts o1 tiNe, incurred o~ paid at
any tirnc by said MORIGAG£E, betause w in tF+e even~ of the fa::urc on ~he part of ~he sa~d MOitLvAGOR to duly, p~wnptiy and fully per(orm, d~stl+arge.
.xecute, effeu, comptete, compiy w~th a~+d ab:de by cach and every the atipulatwns, agrce~nrnts, cond~t~a,s, and covcnants o4 sa~d pran~ssory note ar+d ~hls
more9agr any o• c~?Fu., and sa~d ccsts, chuges and eRpcnses, exh snd every. shall be immed~ately due and payab:e; whe~hcr or no~ therr be no~~ce dr
ma~d, attemp~ ro cof:ect w suit pend~rg; and the full ynounl of each and e~y wch payme~t sh.~ll bea~ interes~ f~om ~he date ~he.eof ~mil pa~d af the
ra~e of r,u~e }xr cen:.,m p~r am~um; arw' a~l seid cot~s, charges and expenses inwrred w pa~d, ~ogethe+ w~rh s~ch iroerest, shall be tecured by the ~ien of thi~
mort9age.
Q TT:at (a) in thr event of a~y breach of rhia Mortgage w default on the part of ~he MORiGAGOR, or (b) in the evero sny of sa:d sums of moeey
hercin referred to br no~ p~wnpf~Y and fully pa~d w~thin thuty (30l days ~+ext aft_r ~he sa.*:e seve~a:iy become due and payaWe, witnovt demand w not:ce.
or (c) in the event each snd every ~he-sl~puta~~ons, ag~eert+ents, condit~oni a~d cove~anes of sa.d prrxnissory note arw th.s mortgage any or e~tlxr are ool
iuly. pro~+pNy anc! 1~!iy pe~formed. d~xMrged, eaea:ted, effected. compleeed. compl.ed w~~h •nd ab~d~ 5y. then in e:ther or any such event the sa~d sg
grt-~ate sum mem~oned in said promissory ncNe thrn rz+na~ning unps~d, with i~terest accrued, and e:l moneys secured hereby, shall become due snd pay~
aok (athwith, a rhereajrer, at the opt~cv+ of said MORTGAGEE, as fuily and compie~ely as if ali of the sa~d sums of nwney we~e aginally at~pulated
ro be p.~~d on such d~y, anything i~ sa.d prom:ssory no~e or i~ this Martgaye to {~e con?rary notwithstand~~tg; and the~cupon o~ thcrealter at the op~ion ot
sa.d MORTGAGEE, w~fho.,v not~ce er demand, suit at law or in equ~ty, thereFwe o~ thereafrn begun, may tx proa!cuted as if ell morxys tecured hereby
hed mdtWtd pW~ fo ds ~nit~fuhOn.
7. That in the evrnt tF at at ~:,e beginn~ng of w al any time pending any svit upon this AMr~gage, o~ fo fo.eclose it, w to refwm if, w to enforce
payment of any cla~ms hr~e~nder, said N.JRTGAGEE sha~~ apply to the Coun having ~unsd:c~~on thereof Ic+~ the appo~nr.nent of a Rece~ver, such Cour1 shail _
forrhwith appo;nt s receiver ot said mo.tgsged p~ooerty all and singutar, inclvd.ng a11 and s~ngular ti,e irxome, prof~ts, iss~es and ~even~ef from whatever
se~rce derived, each and every of wh~ch, be.rg eaprrssly understood, ~s hereby mwtgaged as ~f speaf~cally srt forth and dcscnbed in the granring and
habendum cia~ses 1.ereoF, and such Receiver shall hare aIl the lxoad aMl e(fe~: nct.o~s and powe~s in anyw~se entrusted by a Cou~t to a Recaiver, and
s:ch appointment sheu be made by s~Kh Court as an admittcd equity and,~ma~ter o~ abso~ute right to sa~d MORTGAGEE, ~r.d witFwut reference ro 1he
edequacy or inadequacy of the value of rha p~ope~ry mortgsged or to the w•vency or ~osoivency of said MORiGAGOR a the defendants, an~ that such
.en~s, profits, inco.ne, iss~cs. and revenues sFwl~ be ~pp~:ed by such Rece~ver accwd~ng ~o the lien or equity of said MORiGAGEE and the prxtite of such
Ca,n_
8. To dufy, p~omprly and fvlly perform, d~xharge, execute, effect, compfae, comp~y w~~h and abide by each and every the stipulations, agreementa,
condit~ons and covenann ~n sa~d prom~sso*y ~ore and th~s m«tgage set forth.
9_ That in the event the ownenAip of the mo~:gaged p~emises, w any part thereof, beconxs vested in a person othr than the MORTGAGOR, the
h1URiGAGtE, ~ts successors ano ass:gns, may, wirhw~ rw~ke t~ tne ~Riv:..`fR, dr~i w~th s.,ch s~.ccess.x u s~c.essar 3r. :r.te:ess wish reEerence to this
n,ortgage ard the dcbt he~nby sec~red in the same manner as with Mortgagor without in any way vitiating d d~xhargirv~ the Mortgagori liability here-
ur.der w uFon the de6t he~eby sec~red. No saie of the prem~ses hereby mortgaged and no lorbearance on the pari of the MORTGAGEE or its successors
or ass~gns and no eYrensson of rhe nrr,~ tw the paymenr of rhe debr hrreby sccurcd given by Ihe MORTGAf.E~ or its successors or au+gns, sMll operate
~o reiease, d:uharge, mod~fy change or affect the org~nal liab.i:ty of rhe MORiGAGOR here~n, e~ther in whoie or in part. _
10. It is snec~ftca~~y ag~eed that t~me is of the essence of rhis conrracr and that no waiver of any obl~gar~on hereunder or of the obliystion sr
c~red hereby shatt at an~ time tFKreaft~r be Aeld to be a wairer of the terms hereof w of the instrumem secvred herby.
1!_ In acid.~:o~ to +he iorege ~xj month!y Fayments of print pal ancl ;nre.est requ~red 'oy the prom ssory nore secured hereb/, mortgagor coverams
ar.d agrees to pay to mo-~gagee v~~th each mo~thiy payr..e~t an add•+~onai s~m esT~~~ated b~ mo.tgagee to tx equal to 1; 12 of ~he annual cost of the 1al{ovr-
~ng: ~
, A-Ati r~al p~operty taaes tev~rd or a:sessed ag3~~sr nc~ above desv~be~rca~ esrare.
' B- Fr~n.~~•,s on f~re and w~~srorm insurarce as here~n .eqv~red to be ca~rird on the improveme~ts s:tuare on the above described premises.
C-Pre~~~ums o~~ _~:h n:o.?~age guaranty insurar:~e as mwtgagee sha? from t:me ro tlme dcem fit to carry on the ban uc~red hereby_
'I M~ortgag~-e s^~ ~`•om r~~r.r to r~me no~~fy mortyayo. ~n writ~ng of the amou~t dur and payable hereur.der a~+d such suT shati thereupon be due end
; avable on thr dve da+e of ~fie next month:y paymenr and each successive month thereafter ur.til martgagee shafl no+;fy :nortga~or of a cnange in such
~ 3-•ovr,t. Such sums s?•a'~ be app6~rd by morrgagee ~oward the payment of reat property ta,ees, insurance p~em.ums, m.d mortqage guaranty insw~nce
n'emwms.
IN YJIT>tEsS '1JHERtO', :he sa~d MORTGAGOR has hereunto set his ha~d and seal the day and xe~r firsf a(oresaid. /f// i,
~ l,~ S:gpj~, Se~ayl~
and deli r ' 1F~e presence of: G / A%%~
. _~/i
~~~~.~ili_~ ~-rt_ i1LE0 ANa RECOROE~ ~
~ ST.IUC~E COUMTY fl~ ; lyay ~ 1 ~~n
~ ROGER ~'01?RAS ~ 1Zp _
° z ~~ERR C,~CU~T COU ~~.q
_ _ RECORO vER~fiEO arga e i
ST:.1E Of FlORiOA Z oa aH'~'
E ~ouNTM o~ St . Lucie_ ~ ~
eefo~e me pen«»uy ~~ea~ed J inmy C~ Gi 11 2~1051 .~+d -
Margalette Gill h;, wi(e, t7 me well known and known to me to b~
th~ ind;ridw:s descr~bed in and wFw executed the fweyoirg instrument,'and ~Ledyed befgi~ that they eaecuted Ihe same fo? the purposes
!herein ex~vessed. And fhe said__ Ma= lette Ci
.ti~ie os the sa~d _ _ .l i~y C. Gl l l a xp~rate and pririt~
e=a-n~narion by me takrn sepa.are and apa~t from her sa~d h sband, acknowiedged to and befwe me that she executed said :nsnument freeiy and volvrr
ra~~:y and w~thout any compu:sion, cor,stra~nt, apprehen~sj~feu of w from her said husband.
WITNfSS my hand and o('iuat se~i thia_-~d-- day of e A D• 19 71 :
n ~ - - °
~~Z - x-. >
'v !
Notary Public in and ~or t St e of Flo~id~ N_lN~pf
- My Comm~ssion expires: ~
RetUrn to: ~~~~y..... .
First Feder~t Savings 3 loan Aswciaf~on ~ p - ~ ' ' - ' ~ ;
Oi iozt P e~te V -
Fort P~erct. Fl~:da V~ ~
. T -
_:,'.~4 . , :V. `
' . -Z~ ~
~i i
This Instrument Prepared By John W. Collins ;
First Federal Savir~gs E~ Loan Association -
of Fart Pierce~ Flotic'sa }
Checked By ~
eooK 10~
- ,.a . ~ - ~ . . ~x