HomeMy WebLinkAbout0009 3. To plac~ and continuously keep a? ~he bui(dings ~ow or Fwreaf~et ~ituste on ~aid ~end a~d cn ~I! equip~nent sr.d penone~~y co~e~ed by ~hiti mortg-
a9~, with all premium~ ther~on paid in (ull, lire insurance in tM u~ual aiandard po~~ty form, in a a~m a~.provrd by the MUki~:.GEE, a~~d w~nds~orm
iniur~nce in the u~ual ~tandatd po~~cy iwm, i~ e sum epp~oved by Ihe MORIGAGEE, in such co~npany or co~npa~;es as the h10R1Gj1GEE may
direcry ~nd aU (Ir~ and wind~~orm inwrenc~ po~iuei w? ~ny o( sa~d build~r+gs, any interesl therc~n a~ pa~t thereot, in ~he aggr~gau sum afweaaid or
in ~st~si Ihe~eof, shall tontai~ 1hs wwl ftandard mor~ya9e~ tlausa qr iuch othe~ clau?e as the Matga~ee mey req~~re, ma4i~~g ~hr ioss under s~~d poli-
ue~, eath ~nd svery, payabls ro s~id MORTGAGEE as ib imorrit may sppea~, and each and evo~y such po!~cy shali oe pron,p~ty ass g~~ed •nd delivered ~o
•ny hsld by said MORiGAGEE as furlhtr seturity to said morlgage debt, and, not leia lhan ten (101 days in advance ol ~he exp~~enon of each polity, to dr
live~ ro taid MORTGAGEE a-snewal Ihereof, topsther with a receipt (w the prem~um oi such renewel; and there shall be rw f,re o~ w~~~dsto~m insurance
placed on any of said buildirys, any interesl the~~in ot part thereof, unless in the fwm and with ihe losa payoble a~ aforesa~d; and in the eve~1 any i~m
o) mor?~y betomtf paysblt unde~ suth polity w policiss seid MORTGAGEE shall have !he oNr,on to rec~ire end apyty ehe same on accou~~t of the indabt.d-
n~u secu«d Mreby or to permil ~aid MORTGAGORS to recai~e ~nd uss i1 w any pa~? the,cof for o:i~~~r i,w~ u~~•s. ...~e~~„t th u; K31V1 or ~n+p.,~r-
i~y ~ny eqvity, lien or ri9ht under or by virtw of lhis mortgaye; ~nd in 1he evcnl te+d MO~ZTGAGORS shall (or any rcason (ail fo keep the sa~d premisrs so
insured, O? 1a11 f0 t~eliver p~Omptly My o) said po~Kies OI iotut~ncs to taid MORTGAGEE, or ~a~~ p'omptly to pay fully any p~em~wn thcrctp p in any
rospect (ail to pNtam, d~acharfle, eaecuts, •ffect, complete, canply wi~h and abide by thi• cove~ant, w any po~t hareof, sa~d MOR~GAGEE may place •nd
pay Fw tuch iniu~snts or ~ny part Ihcreof withoul waivirg a affedinp any option, lien, equrty, w right undcr a by virtue o1 this Mor~gage, ~nd the
lull ~mount o( each ~nd ~wry ~uch psymeM ~hall be ~mmediately due and payable and shall brar interest irom tho da?e ~hereo( u~~til p~~d •t the rate of
nine per cen~um pe~ annum and ~ogethe~ with such inferes~ shall be secured by the tien of thts mortgaga.
I. To permlt, commit w su(fe? no waste, impairrtxnl w deteriorefion o( seid p.operty w any parl lhereof.
5. To pay ~11 and sinyula? the co~ts, charges ~nd expenses, includi~~g a reasw~able allorney's fee and cos~s of abst~acts oi titlr, incurred or pa~d a~
any lime by said MORTGAGEE, becsuse w in the eveM of the failure on 1he perl of the said MORTGAGOR to duly, pron,pUy and f~lly pc~form, dacharge.
e,eecute, ef(ect, complets, comply w~th and ab:de by each and every the stipulat~ons, agreemenri, condn~ons, and cove~ants of se~d pro~n~ssory ~ae end th~s
mortgaye ~~y or either, •nd said cosn, chuyei +nd expensea, each and every, shall be immrd~alely due aod payabt,;; whethcr w not ~here be nonce d~
mend, attempt to collect w suil pendirqj and the f~ll amwnt of each ~nd every s~ch payment shatl bear inrerrst f~om the date ~hereot until pa~d at the
rafe o~ nlne per ce~tum per snnum; end all said costs, cha~ges and expunses ~ncurred w paid, ~ogr~her w~th wch ~nte~est, sl»il 6e secwed by the t~rn of th~s
mort~s9e.
6. That (a) i~ the event of any breach of Ihis lNortgage w deieult on the part of the MORTG~IGOR, or ;b) i~ thc evcnt any o~ sa'd sv~ns of money
herein rele~red to be not p~omptly and fully paid within th~rty (30) days next afrer the same ievero!ly brcu~ne due and payeb!e, witi~out dernand or not~ce,
or (c) in tlx event each and every Ihe stipulations, agreemeMS, conditions a~d covenants of sad pro:n~ssory note ond th~s nw~tgagr any pr e~ther are ~ot
~uly, promptly ~nd fuUy perlwmed, d~xharyed, executed, eltetted, tompleted, compGed wiih and ab~drd 4y, then m eaFxr q dny such event the ~e~d ~
preyate sum mentbned in said pranissory note then remeininy unpa~d, with inreref? acuved, and ail mor.eys secur~d hercby, shall txc^nx dve and pay
able fwthwith, o? thereafter, at the option of said MORTGAGEE, as fully and complete~y as il ail of thr sa:d sums oi monry wcre ong~.,a~l~ tt~pveeted
to be pa~d on such day, anything in sa~d p.om~ssory nae or in this Mwtgage to the connary notwi~hst,~nd~~~g; a~~d theteu{x~n or 7F~ercafte~ e~ the op~~on of
sa~d MORiGAGEE, withovt notice w demand, suit at I~w or in equ~ty, therefore or thereatter begun, may tx prosec~ted as if all moneys secured hereby
nad maWtcd p~rot to ~ts institutwn.-
7. That in the evcM that at the beginning of or ~t any time pe~ding any suit uFwn ~his Mortgaqe, or to 1o?eclose it, o~ to reiorm it, o~ to enforce
paymtnl of any claims 1+ereunder, said MORTGAGEE shall apply to the Court having ~unsd~ct~on thereof fa the appo~ntmenl of a 2eteiver, such Court shail
forthwith appo~nt a receiver ot said mo~tpayed property all end singuter, inclvd~ng alf and s~ng~lar the in<o~x, profds, issuea and reve~ues trom whete~er
source ckrived, each and every of wh~ch, it beiny eapressly undersrood, is hereby mortgaged as ii spec~fica~Iy set tor~h end dusu~bed in the grannng and
hatxndum ctauses hereof, and suth Reteiver shalt Mve all the brwd and efiecrwe lunu,ons and powe:s in anywne emrusted by a Co~+t to a Recriver, a~~d
~.ch appointment ahat! bd made by such Cou~t as en admitted eqvity and a matter of abso~~te nght lo s~id MORTGAGEE, ~nd w~dwu~ relerence to ~he
edequaty w inadequaty of Ihe v~lue of the p~operly mor~gaged or to ~he sorvency or u~soivency of said MORfGAGOR or the dele~~dants, a~+d tha~ such
rcnn, profitf, income, issues ~nd revenues shall be applied by such Receiver ac.ord~ng to the lien w eqwty ot sa~d MORiGAGEE and the prachce uf such
Covrt.
8_ To duly, promptly and fully perform, discharge, execute, effecf, compfete, comply w~th and abide by each and every the stipulations, sgreements.
co~ditions and covenants in sa~d promiuory note and this mortgaye set forth.
9_ That in the eve~t the ownership of the nwrtgeged paemises. or any part thereo(, 6ccomes vested in a pe+son otF~er than the MORTGAGOR, the
MORTGAGEE, its successora and assigns, may, without notice ro the MORTGAOR, deal w~th wch svccessa a svccesso. in interest w~!h reference to thls
mortgage and the debt hereby secured in the same manner as w~th Morrgago. w~thout in any way vit.atmg or d~scharg~ng the ldo~fgagors' liab~lity herr
under p vpon ?he debt hereby secured. No saie of the premise! hcieby mortgaged and no forbeawnce o~ the pe~i o1 tire ?:IORTGAGEE o~ ifs successors
or ass~gns and no e:tension of the time fw the payment ot the debt hercby secured given by ~he MORTGAGE~ or :ts successors or ass:gn~, a~~ali operate
~o release, dixharye, modify change w affect the original liab~l~ty of the MORTGAGOR herein, either in whole or in parr.
10. It is specifical{y agreed that time is oI the esxnce of th;s contract and that no waiver of any ob~igat+on hereunder or of the obligation se-
cured hereby shat! at any time thereaiter be held to {x s waiver of the terms hereof or of the instrumern srcured herby.
11. In add.tio~ to the fwego ng mo~+hly payments of princ pal and interesr requued by the pro~n sscry no~e secured hereb~, mortgagor covenants
end agrees to pay to mortgagee v~ith each munthly pay~nent an add~rional sum est~~~ a~ed br mortgagee lo be equa~ to 1. 1? ot a:ee annual cost of the follow-
~n9:
A-All real property taaes (evied w assessed d931•11T the above desui~cd real esta~r.
6--0re~r.~~,ns on f~re and wir.dsrorm insurance as here~n requ:red to be carr~ed on the ~m;,rovements s:rva!e o~ ~h~ above d_scritxd prenzises.
C-Pre~niums on wch mortgage guaranty ir.surar:ce as mortgagee sh311 fro+*~ r'me to tirne deem fit ~o tarry on the ban secured hereby.
Mortgaget sha~l from time ta time notify mortgagor in writmg of the amo~mt dve and payable hereund~•r and auch s~~~ shall ~h~•re~~wn be due and
r nyable on the dve date of ~he next month;y payment and each suctessive month thereafter ur.Ni rncrtgagee shall not~fy morsgagor of r change in such
~ a^zo~nt. $uch sums sFail be applied by mortgaget loward the paymcnt ol real property taxes, insuronce prem:~ms, and mortgage g~areMy insurante
` p~emi~mf.
i
f IN WITNESS REOF. the id R has hereunto set his hand and seal the ay and year first afaresaid.
~ Siyned, Seal el c ' fhe u~ce of:
~ FILEO AM^ kECQRDEO ~ ~
= ST. LUCIE COUMTY flA. ~ ~ (Seat)
~ ROC~n ?JITRAS 6'~ ~.i.(s~+4
~ CIERK CiRCUIT COURT
- RECOR~ VERiFIEO. (se+D
SiA7E OF FLORIDA t ~ ~Y
~1 f
COUNTY OF S~r• LUC~!@ ~ a j~~Q
defae me personally sppeared HOFfaId w~ S$ln}~BOCl ~
ZVv~ _ and
Helen S~Q130Y1 _ his wife, to me well koown and kno+~rn ro me to be
rhe indiriduals descr~bed in and who executed the foregany instrurtxnt, and xknowledged beiore me that they executed the sa.me for ~he purpous
rherei~ exp~esstd_ And the said Helen D• .S8IIII~Cl1 _
Nife of tFx said •+~n 1~• Sa~9~n - upon s separate a~d privat~
e¦aminat~on by me ts4en separate and apart from her said husband, ecknowledged to end belore me that she executed said instrument freely and volun-
~ar~ly and without any computsan, constraint, apprehe s~o~~ fear of or from he~ said husband.
$ WITNE55 my hand and off]Nal seal thia_- ~ day of_ A st A. D. 19~
~ , Notery Pub~ic in snd ~o~~
ta~~f
orida ~1 larys
My Comm~ssion expires: d~A /y 7)
Return To: /
Fint Feder~l Savirsgs 8 loan Associat~on ~ .
. ~
Of iort P~erce. _ •~d~;....:, J'~,`.. ;
Fort Vie.ce, Fbrida , ~ '~f'
_ ~ ~ ~ -.t
~ ~ ~
~ : F
= a' F` ° : ;:i_
This Instrument Pre ared B a•~ ~,d ~
P y J. D. Chasta3n ~ .a` ~ .
First Federal Savings ~ Loan Association ~.J'•;~ Q,~~''~ ,
:
of Fort Pierce~ F101'ida '-i '
. ST;.t'
'j~~"?,~~~~~~~` ~
Checked By ' .
aeo~ 195 P,~E 9
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