HomeMy WebLinkAbout0007 3. To plac~ and cominuousiy, keep ao tM bui!dings naw or hercahe? ~ituate on sa~d ~a~x1 and on aU cq~~p~nrm and personally cove.ed b~ thif mwtg-
~g~, wilh dl pr~miums thereon pa~d in full, hre insursnce ~o the usuat i~a~~a~d poGty fw+n, in a s~m approved by the MOR~GIGEE, a~~d windsto~m
in~ur~nce in 1he usual ~ra»dard po~~cy fo~m. ~n a ~um ~pproved by ihe MORTGAGEE, in ~uch ca~~peny or co~+~pan~es as the MORIGAGEE mey
dir~ctj ~nd all (ir~ •nd windstorm inwranc~ poliues on sny o( saad build~nqs, sny iMer~al Ihe~Cin Ot yart thereof, in the aggr~•gare sum aforosaid w
in •xteu thereof, •haU conNin 1M uswl standard mw~g~ges cieuae or such o~he~ cl~use as the Maty~ayea may reqwre, ma~~ng tl.e loss u~~dc~ s.+~d poti-
cis~, eacA and ~very, payabls w sud MORiGAGfE a~ itf intcrest mey appear, and eech •nd evrry such pol~cy shafl br pranptly eas yr~rd a~+d dclivered to
any held by sud MORIGAGEE ~s (wther ~ecwity to said n.erlgags deb~, and, not leas dwn ten (10) days in advance o) the eapuotion ol each policy, to de-
IevN to ~sid MORTGAGEE • rooewal the~eo(, lo9ether with a rete~pt for Ihe ptemeum o1 svch renewa~; and ~hcre tfiall tx rw i~re or windstorm inturante
pl~ctd on ~ny of ssid buildinyf, a~y intereft thersin or part thereo(, unles~ in the form end with the loss payable as sforeseid; a~d ih Ihe event eny s~m
of money becomei pay~ble under wch policy or poGcie~ said MORTGAGEE ~hall have the opt~on ~o recn:ve and apply the same on acco.,:d of ihe indebtrd-
rtess sewred h~reby or to permil said MORTGAGORS to reteive ~nd use it a any pa~ th.•:eol ior o:h~_~ pur~•o~cs, ..~~h~.,~ ~h,~.u~ .vc~~..,7 ~r ~~~~P~~'-
;nfl any equ~ty, {ien u right under or by virw~ of this m~x•gsge; anJ in the went w:d MORTGAGORS sha~l fo. any ~cason iail to k~ep the ~aid premises so
inlurcd, W(sil ro delive~ p~0~'~p~~y ~r1y O~ said polities ol insursnce f0 said MORiGAGEE, w faJ promptly to pay iuily any pre~~num thetefor o~ in anY
rospzct fail ro periam, disch~~qe, exetuts, eflecl, comp~ete, comply wi~h and ebide by this tove~ent, or any pe~~ hareof, said MGRiGAGEE may piace a~~d
pay fa •uch insurenc~ o~ ~ny parl thsreof w~thout waivin9 w sffecfinq aey opnon, lien, eqwty, or r~yhf ~nder or by virtue of th~s Alongago, a~d the
full artaunt o( esth and ~wry ~uch paymeM fhall be im~nedi~tely due and payable and shall bcar intcrest lrwn the date thercnf u~~til pa~d at ti~e rate ot
n~~x pe~ cent~m per ~nnum and togeiher with such interest shali lx secured by the lien of th~s mortgagr. ,
To permit, tommit or suffer no waite, impairmcnt or deterioration of said propaty w sny parf thereof.
5. To pey all and sinpulu tAe coits, charge~ and expences, ir.clud~ng a reasonable anomey's fee and costa of abstracb o( title, ]ncvrred or peid at
any ~iroe by wid MORTGAGEE, bacause a in the event oi the failuro on the pan o( the aa~d MORiGAGOR io duly, promplly and fu~~y perForm, d~scha~ge.
execute, ellec~, comptere, cwnply w~th and ~b:de by eech end rvery ~he stipuianons, ~gtrenu~nts, co~~dn~ons, and co~enan~s of se~d p+om~;sory no~e a~d this
~,o~tgaye any ar ei~her, and se~d costs, thagef and expenses, each and every, shaQ be immrd~ately due and payabte; whcther or no~ thr~e tx nohce d:w'.
mend, attempt to tolleel or iuit pendmg; ~nd the }uU amouN of each and e'+ery such paymrro •hall bea~ i~terest trom the dete tixreol u~~til pa~d st tht
~a~e oi ~ine }xr centum ~r ~nnum; and aU said cost?, charges snd exprnses incuned w pa~d, ta,~aihe~ wdh such inte~rst, shall be secured Gy the ~~an o1 th~~
mwt~afl~.
Q Thst (e) in the event of any brcach of this Morigaye or de(ault on the part of the MORIGnGOR, or (b) in fhe ev.nt eny o~ sa:d sums o~ money
herein refe~~ed to be ~at pranptly an~ fully paid within Ih~rty (301 days ~iexf rtit•_! thc sa~+~e se.•cra':y bcco~ne d~e anJ peyab{e, w~tlwut demarid or nonte,
or (c) i~ the evero each and evay the stiputations, agreemenq, cond~~io~~s and covenanrs ot sa.d pra»~awry no~c anJ thn nwr~gaye any or e~~her are nol
~uly, promptly and fully performed, dscharged. executed. llltCteCl. COmplBted. COmpl~ttl w~th and a6~Jcd 5v, then ~n Je~tFicr la~ any ~~ch eve~t the sa~d ag
gregate sum ment:oned in said prom~ssay note then rema~ning unpa~d, with inte~r;t au~~rJ, e~~d aU rnoncys SCCV~CY ~1CfCUy, ~~~d~~ Lrco~ne due and pay
ante lorlhwith, a thereafter, ~t the opnan of said MORTGAGEE, ss fully and completcly as ~f aii of +hc sa~d wms o1 money wcre ongu,a~ly st<puletcd
to bt ~~d on tuth day, anything in sa.d promisfo+y note or in this Mwtgage to the contrary not,n~ths~and~ng; and +hercuFwn or thcreaNrr al the o~~~~on of
seVd MORTGAGEE, without nouce or demaod, suit at law a in equ~ty, the~e(oro or ttxrratter beyun, may be piosecuted aa ~f all moneys secured hereby
r.~d marured p~~or to its iosututwn. .
7. That in the event tha? at the beginol~g of or at any tirne pending a~Y su~t upon thls Mo.tgage, w to ~aeclose it, or to reform it, or to enforce
paymeot o~ any claims F+ercunder, said MORTGAGEE shalt apply to ~he Court having ~unsd,ttwri thereot for ~he appo~ntmem of a Reccirer, wch Co~rt shail
Forthw~rh eppo~nt s receiver of seid mwlgaged prooerty all and singular, inclvd~ng al1 and s~nguiar ~he income, prot~U, iswes and re.e~wes Irom who~ever
so~rce derived, each and every of wh~ch, i~ being exprcssly underarood, is hereby mor~qegrd as ~i spec~l~ca~fy set torth ard descn~d ~n th? granting e~id
haberid~m cla~ses hereof, and such Receiver sMll have all the b~oad and etfec~~ve (~nc+,o.n and po.vera in anywue entrusted by a Cou~t to a Recn~ver, and
•:ch appointmt~N shall be ma~e Dy svth Court as ao admitted eqv~ty and a maner of atso~we ng1~t ro said MORTGAGEE, snd w~thouf refere~~ce 1o the
edcyuaq d i~sdeqwcy of the wlve ot the property mor~gaged or to ~he so~vency w mso~vency of sa~d MORiGAGOR or ~he drtenda~+ts, and that such
re~rs. prof~ts, incwne. ~ssues ~nd reverwea sMll be appiied by such Recrrver accord~ng to tt~e iien or rq~~~ty oi sa~d MORIGAGEE and the proU~ce of s~ch
Court.
8. To duty, promp?ly and fully pe?form, dixha~ge, exec~r~, ei(ecr, com~+lete, comply w~~h and abide by each and every the stipulations, agrceme~ts,
.onddions aRd cove~ann m sa~d promissory note and th~s mortgage srt fo+th.
9. That in the cvent the ovrnenhip of the mortgaged prc~~+nes, or any part tixfeoi, bccomes veated in a perwn o~her than ihe MORTGAGOR, the
~10RTGAGEE, its wccessors and assi~ns, may, witho~l notlce to the r110RiGApR, dea! w~th such successor or svccessor in ~mwrst w~th refrrence to thn
~•o~~gage the drbt hrreby secured in the same manner as w~th Mv~t~ago~ wahout in any way ~i~:ating or d~schergmg the Mcrtgogors' IiabJdy hero-
~~nder or uFwn the drbt hereby secaned. No sale of ihe Frer.iises hrreby mortgagrd and no lorbeara~,ce on the pa~~ of the ~AORI~;AGEE or e~s svccrssors
or asa~gns a~d no eare~:ion of the time for the payment oi the debt hcreby sec~red given by the MORTGAGE'_ o~ its wccessors o~ asslgns, a:~all ope~ate
ro release, d~scharge, mod~fy change or affect the ong~nal liau~l~ty of ~he AIURTGAGUR t~ere~n, either in whote a in part.
10. It is spec~f~cally agreed ?hat t~mr is of the euence of this coMrad and tha~ no waiver of any ob'~yat~on hereunder or uf the obligation sr
cvred hereby shal~ at any time thereaher be held to be a waive+ of the terms hereol a of the insfrumem secured hr~by.
11. ao.~, f.o~ to the fwege n9 r-•onth!v Naymenis of princ pal a~d intrrest requ~red by the prom!sscry no!e s;c~r~~d hr•.~br. mort~agor covenants
a^d ag~~-es to pay tc rio:tgagee v.nh each mon~hty pa~~nent an add~nonal sum <i' •~~ared br morty~gee to i~e ey~a1 to 1 12 of t::r o~r••~ai :ast of the fo~low-
.n~:
A-An rnal property taxrs (ev~ed o~ assessed aga~•ist thc above desa~brd real estate.
B-F.r~-- :,~r.s on f~re and windsto•~n ~nsurar.~e as nere~~ req~~red to be carnrd en the m;,roveme~ts s:tuate on thc above described premises.
C-Vrer~~u~~s o~ such mort~~ge 9uaranty insurar.ce as mo+tyagee shail fro~.~ t n.e to r~~ne deem fit to ca~ry on the ~oan secured hereby.
Mortgagee s!~a•1 f•om h~ne to t~me notiiy mortyagor ~n wr~ung o~ the a~^ov~t d,,e and payable hereundrr ard sJ~F. su~~~ sh~lt thcreupon be dve and
,~.able on the d~e da~e of the neRt moroh!y payr.+enr and each success~ve mon!h the~eaft:r ur.td mc~tgagee sha!i nol~fy mortgagor of a change in such
_ ou~r. Sucfi sum: sha.l be a~~p:ied by mortgagze toward the payment of real preperty ta~es, inwrance p~em.ums, and mo~tgage gua*anty insurence
` n•em~~ms. J '
~ IN ~'JITNE~S Y+H~ 'OF. the s ~MORIGAGCR has hereunto set his hand and I the day ~year first afwesa~
E Sgned. Sealed tF+t ~ ~
E ~G- Ltt~, ~ ~ J~~,GsR' h
; ~ t
- - - F11f0 AKQ REGOROEO - . _ _(SeaO
- St~ aOCEa 01TQAS~A. `l~' .q
CtEfiK ~1RCUIT COUR7 r -
RECORnYERIFIEO~.+~ ~~..-~y;,- '
S;ATE OF fIORIDA 3 59 eH'~t 214389 -
~OUNTY OF ~~ie e,~ ~ a
before me pcrsonally appeared C]AOl'R@ Fi. Areher, Jr. - Q- ~ J~
AI'CZlBI' his w~fe, to me well known eqdtjiOwn t0 6e
nivL n B. . :
the ind~vidw:s deuribed _in and who exewted the foregoirg instrument, and acicnowtedged before me that they executed the safM~4aw•f!N•~oses
~ rhe•ein exp~esxd_ And the said Vivisn B• AI'CtIBl' _
N:fe of ~he said Ci80TR8 E• Areher, Jr. uFon s sepuife~arid Qrlv+te
e.am~nat~on by me taken uparate a~d apart from her said husband, atknowledged so and befo~e me that she executed said instrumenf {reely ~ roluo-
~ •
~ ~ar~iy and w~thout any anmpulsbn, constroint, apprehensi w -of w from her said husbbnd.
~ .
WITNESS my hand and officiel scal th~~_ ~ day of A. D. 19~_
~ /
:z ~
• Notary P ~~c in'and for the Sfate ;d,f~pyl 1ar~~.~r
~ ~ My Comm~ss~on expires: j '
~ Returr To: . 5-`~.'
~ Fir~t Federal Savings 3 loan Assotiation r~~T'.:,~ ~ . i;; .'y'~ Rri ~ye :
Of Fo.t P.erce. f.iY LU~,. , ~ ~c~ i~3~; ~j . -
~ Fort Pierce. Florida . ~ . ~ ~ Y M~ j ~ ~ ~ • , ~ : -
~ , . ~q.~v - ~i .
~ : -
This Instrument Prepared By J. D. Che~st8lri
First Federal Savings ~ Loan Association
of Fort Pierce ~ ItloTida
Checked By ~
8~Rr195
l~s
- - - _ . F x~-