HomeMy WebLinkAbout1028 3. To place and continuously keep o~ the bui:dings now w hereafter iituate on ia~d ~and and on ai1 equip~nent and persor.ally covered kiy th+s ma?g-
egs, with sll premiums thereon paid in (u~~, fire insurance ihe ui~al stnnda~d po.~cy fonn, in a sun~ aHp~o~.:d br the MOR~G.IGEE, a~~d windstorm
in~urance in the usual i~andard•po~~cy form, in a sum approYed by ihe MORiGAGEE, in such compa~~y or co+npan;es as the h10R1GAGEE may
direel; and all iire and winds~orm insuronce po~ic;es on any of said bu~id~ngs, any interest the~ein or pa.f thereo~. in the aggregaTe lu~n eforesaid or
in sxcess Ihereof, shall contain the usual standard mongagee clause or such other dausa as the Mortyagee may requ.re, mak:ng ~he ~osi undrr sa~d pol~
cia, each and every, psyable w said MORTGAGEE as i~s interest mey appear, and each end every auch poiicy ah.flt be prGmptly ass gned and de~ive~ed ~o
•ny held by said MORIGAGEE ss furthe~ setwity to said mo~tgage debt, and, oot less than ten (10) djys ~n adva~~ce of 1he ex~~irahon of each pofcy, to de-
liver to said MORTGAGEE a renewal thereof, toge~her with a rece~Nt for ~he p~emwm of such re~~ewa~; and ~here shatl be no f;re or wi,~dsto~m insurance
pleted on any of said buitdingt, any interesf therein o~ part thereof, unless in tlx form and wnh the loss payable as aforesaid; and in the eveM any sum
of money becomet payable under such policy or policies said MORiGAGEE shall have the op~~on ~o recr~Ye a~~d app!y the sa~„e on acco~~~t of ~he indeb~ed-
neu secured hereby w to permit aaid MORTGAGOR$ lo receive a~d use it or any par~ tt~r,rof ic+ o:n••r ~.u~,:;se~s. :..+h,,:t 1~~'~~1>/ W~•~~~'7 o~~P~~r-
ing any equity, :ien Or righl under or by vi~tue of this mo.•!gage; and in the event sa~d MORTGAGORS sha{I iw any ~cason fail to kaep the sa~d prernis.~s so
inaured, or fail fo deliver promptly any o( said policief ol insurance to sa~d N10R1GAGEE, or fai! promptly fo pay fully any p*e~~ew~n thervfor or i~ a~~y
re~pect fail ro perform, d~scharge, execute, effed, complete, comply wi~h and abide by ~h~s cove~ant, e. any par~ hereof, sa~d MORiGAGEE may piace a~~o
pay (o~ such insurance w aoy part thereot w~thout waivi~g or affecling any op~ion, lien, equ+~y, or ri9M u~~de~ w by vi~we of ihis Morrgage, and the
tull amount of each sr+d every s~Kh paymeM shall ~e immed~ately due and payablc and shall bcar inte~cst iroR~ the date thcreei uu~~l pa~d at the rate ot
nine per ceNUm pe~ annum and tp~ether with such fn~erest shall !x s~~cured by the iien of th~s n,ortgage.
To permit, tom~nit or ~uffer ~o waste, impairment o~ dete~ioration o( said p~operty or any part the~eof.
S. To pay •II and singuiar the cost~, charges and eapenses, includ~ng a reasonable attomrv's fee and cosrs of absrr,.~ts of t~t!e, incunrd or pa~d at
eny time by se~d ivSvRiC+i~~aEE, t+e~euaa w in ihe erent of fs:Eu:c a~ :he part of ~he said MORTGAGOR to duiy, p~u:nprly a~:d fv~~y {:crform, d~scharge.
sxecute, etfeU, complete, comply w~1h and ab:de by each and every the stipulat~ons, agreeincnts, condino~s, and cove:~a~~fs of s~~d pre:»~;sory riore a~~d ~h~i
mortqage eny or e~~h~r, and said costs, char9ea and expenses, each and every, shalt be immediate~y due and payab'e; wherher or not fh.~~re be no~~ce da
mand, attempt to collect or tuit pending; and the full amount of each and e~ery svch paymem shall bea. ~r,rerest 4rom ihe date thrrraf until pa~d at ~he ~
.are of nine per cenWm per annurn; and all said costs, charges and expdr.ses incurred or pa~d, toyetner wAh wch In~errst, sh~tl be srcured by ihr l~en of th;f f
mort9age.
6. TMf (e) in the event of any breach of this Mortgage o~ defautr on the part oi ehc A10RTG.~(.GC;R, cr ;b) in the evem any of sa'd s~ms of money
hetein refer~ed to be not promptly and futly paid ~vithin th!r!y (30) d3ys ne~t a'a~~ the s~~~ne sc~era'ly 6eco~+ze dve and payeb'e, w~~hout de.nand o~ notlce,
or (c) in the event each and every the stipulat~ons, agreements, cond~tions and covenants o1 sad pro~n~sw~y noia a~~d tl~.s mortgage any or e~ther are no~
~vly, prompNy and lully perFormed, d+xhargrd, executed, effetted, canpleted, compi~ed w~~h and ah~drd 5y, then in e~thrr or any wch event the sa.d ag-
gregate sum meroioned in said pra+tisscxy-rwte then remaini~~g unpa~J, w~th ~~~tries~ accr~~ed, anJ a~i mon~is secured herely, shatt beco~ne due and pay-
able forthwith, a thereafter, at the option of said MORiGAGEE, as fully and completcly as ii ail of ~h..• sa~d sums oi nwney wcre cr~g~~~aUy s~~pulated
to be paid on such day, anything in sa:d prom~asory note w in this A:ortgage t~ the cOnt:ar~ :to!::~thstand.ng, and theru~~~~en e~ th.~~•~jlrr, a~ thp op~.on of
sa~d MORTGAGEE, without notite or demand, suit at law or i~ equity, the~efo~e w thereafier begun, may bF F;rosecuted as ii all moncys secured hereby
ncd matured pnor fe As institution_
7. That in Ihe event that at the beginning of ar at any time pending any su~t upon rh~s Mo~tgage. or !o iorectose it, or to relorm it, or to enfo~ce
payment of any daims hereunder, said MORTGAGEE shall apply ro the Court hav~ng ~unsd:ct~on iher~ot for the anFOmtment af a Rece~:er, such Covrt shall
forthwith appoint a receiver of said mo~tgaged prooerty all and sinyutar, inciu~ ng al! and s~ngular She_ ir.co~ne, prof~ts, ~ssves ar.d reven~es 1rom whatever
source derived, each and eve~y of whkh, it being expressly unde~stood. is hereby moi~gaged as if spec:fica'ly sef forrh and descr~bed i~ the grenhng and
habendum clauses hereof, and s~ch Receiver shall have aU the beoad and effea~ve funct:ons and powers in anyw~se emr~sted by e Co:~•! z Rec~~ver, and
tcch appoiNment shall be made by such Court as an admitted equity and a matter cf absotute right to said MORiGAGEE, a~d w~thcut reEerence ro the
adequaey w inadequacy of the vatue of the property mortgaged ar to the so!vency or ~nsoivency ol sa~d MORiGAGOR o~ the dete~~dants, and ~hat sucfi
rents, profits, income, issues and revenues shafl be applied by such Rece~ver acmrd~ng fu the lien w equ~ty o1 said MORiGAGEE and the prachce of such
Courf.
8- To dufy, p?omptly and ful!y perform, discharge, execute, effect, compiete, comply witi~ and abide by each and every the s!ipu~ations, agreernents,
conditions and covenants ~n sa~d promisswy note and Ihis mortgage set forth.
9. That in the event the ownprship of the mortgaged pren,ises, w any part thereo(, beco~nes vested in a pe~son other Ihan the MORTGAGOR, the
MORTGAGEE, its successors and assigns, may, without no~ice to the MORiGAOR, deal w~th such successor w svccessor in imeres! wi~h refe~ence to this
mortgage and the deut hereby secured in the same man~er as with blurtgagor wish~ut in any way vit:ating or d~scharging Ihe Mortg3gori liabillty here-
~nde~ w vpon the debr hereby secured. No saie of the fremises hereby mcrtgagrd and no forbearance on she pa~i of ihe IAORIGAGCE or irs successors
or ass~gns and no eztens~on of the time for the paymem of the deb! hereby secured given by the MORTGAGEf or irs su.cessors or ass:gns, s~~all operate
to release, d~scharge, mod~fy change or aFfect Ihe origmal liab,;~ty of the MORiGAGOR herein, either ~n whole or in port.
10. It is speuFicatly agreed that time is of the essence of th[s contract and that ~o waiver of any oblfganon hereunder or of the obligation se-
cured Ixreby shall at any time tFiereafttr be he:d to be a waiver of the terms he~eot or of the instrumenl secu~ed herby. (
11. In add.tie : to the (orego ng monthly paym~nts of pe{nc paf and in!erest req~ired by the prom sscry no'e s.cured herebr. n~ortgagor covenants
and agrees to pay ro r.:o-tgagee v~ith each monthly pay~~,ent an aJJ~rfona! sum es' ~ ated by mo~ty3gee to be equaf to 1 12 a1 e1;e a«nual cost of the follow-
~ng: ;
A-Al! reat property taxes levied or assessed aga~•ist the a6ove descr;~.d r.al estete. ~
B-Premiu~ns on fire and windstorm ~nsurance as hercin requ~red ?o be carried on the improveme~ts s~tuate on thc above desv~bed prem~ses. `
C-Premiums on such mortgage guaranty ieswar,ce as mo~tgagee shall frc•r Yme to rime deem fit to ca.ry on the loan sec~rcd hereby.
Mortgagee sha+i fiom t~me to time not~fy mortgagor in writmg of the a~no:;~t duc ar.d payab~e hereund.r and such svy~ shall thereupon be due end
F.ayable on the due date of the next month:y payment and each s~ccessive mo~th thereaft~r ur.ti! mortgagee shatl not~fy morryagor of a change in such
{ amo~~t. $~th sums shall be applied by mortgagee towarci the payment of real property taxes, insurance prem.ums, and mortyage gua~anty 'insurance
premiumf.
j IN Y~ITNE~S VJHEREOf, the said MORTGAGOR has hereunto set his hand and scai the day and year fint atoresaid.
F i ned~ Sealed and deli r ' the presence of: ~
f ~ ~ .---a__~ (Sesl)
~ \3 1 S •
~ (SeaQ -
f GL (Seaq
. O
(Seal)
SiATE Of FLORIDA 1
} S$. ;
COUNTY OF St. Lucie ~ '
Before me penonally appeared ~1 rt 1 S E. Holman and ~
Bera P~ HOlIDdII _ h~s wHe, to me well known and known to me to be
the ind~viduals described in and who executed the foregoing instrument, and acknowledged before me that they executed the s~me fw tbe pu~poses i
Bera P. Holnan -
iherein expressed. And the said - , . '
,wffe of the said C~1Zt15 E. HOl~A _ _____,'_~_,.pp~,s ieparote and private ;
e:am~nat~on by me taken separate and apart f~om her sa~d husband, acknowledged to and before me that she exstufed.said instru~nen~,fteely end volun-
ranly and w~thout any compulsion, tonstraint, apprehens~on, ftar of or from her said husband. ~ ~
WITNESS my hand and offic~al seal this__~~-_ _ day of_ Au~l1St A. D. 1971
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~ • ~ , ; . .
Notary Pubtic i;n e d(or'if~'.S{ue'of' F e tl l~pe
My tomrmss~on expires: ` . ~
Retur~ To: ~
First Fedtr~l Savings 3 Loan Associat~on ~ 5~.~+ ~i,•,'y ,t ~ ,
Of Fort Perce. ~~Omtllil_WII ~'~M•. Z5• ~9~~ ~
fort Pie~ce, florida {o.d~d ~r ~H i Gswb Co-
(
This Instrument Prepared By RiChard K ~ Kayes fIlEO AMO RECORQE9 ~
ST. LUCtE COUNTY FLA.
First Federal Savings b Loan Association _ ROCER PO?TRAS
of Fort Pierce , Florida CtERK CIt~CUIT COURt
REC(?RO Y~RIFIED~..
. ~
Checked By ~ ~P 3 2 S~ PM ~
~15~2~ ;
~00~195 P~E1026 ~
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