HomeMy WebLinkAbout1036 3. To plecs and co.vinuo~sly keep on the bui!dings now w he~eafter situate on said land and on al~ rqai7pn,ent and personally covrred by thii mortg-
~9a, Wil~1 ~II premiumf thereOn pditl in full, li~e insur~nte in Ihs usual ~tanda~d po~ity lo~m, in a sum e~.provrd ht tht M1lUR~1'.AuCE, a~~J w~nde~o~m
iowrance 1n the usual sisnd~~d po6cy lam, in s sum •{:proved by t1~e MORiGAGEE, in such company o? cwnpan~es as thc MORIGAGEE may
d~reel; ~nd a11 (ire and wiodirorm insurance polk~ea on any o( s~id build:nys, any ~meres~ fherein or pan thrreof, in thr. agyr~ya~e svm afo.e~aid a
in extess Iherwl, ihall contain the uswl flandetJ mortc~egee dause or such othe~ da~se as Ihe Mor~gayee may reryuue, me?ing tne ~oss unJar ~a~d poli- ~
cie~, each and avery, payabls lo said A10RTGAGEE as ~b imereat may ap~xar, arxl each and every such po!,cy sha11 Ix p,ompuy a~s y~,rd e~,d deGvered ~o
~ny FMtd by s~id MORfGAGEE as (urtner securi~y to seid nro~tgege debt, and, no~ Iess than ten t101 d~;s in advance o1 the e.puit+en oS e.+ch poficy, to dr
I~vst to said MOR(GAGEF a ~cnewal Ihcreol, topt~hsr with a receipt lo~ the ptemwm ot such renewa~; and there shail bc ~w ine or av~ndsro~m insu~ance
plsced on any o) said bvildings, any iote~e~/ lherein or part therepf, vnlcu in ~he ionn snd vvnh ~he loss payable as aforesnid; and in ~he event any ium j
e1 n+a~ey becomes payabl~ under ~uch policy w poGcies said MORTGAGEE shall hsve the opnon ~o rea:~ve ond apyty ~:~o san~e on accou~~t of the i~~dab~ed-
~eu ~ec~~ed hercby or 1o permil uid MORTGAGORS to reteive and use it p any part rhr:ruf t.,~ oa~•v ~.U'j JSC3. tii+/I~VJ1 t1, ui w~~.~ cr „np.,,,• ~
in9 any c~quity, li~n pr ri9h1 v~der a by virtue o1 Ihis mor!gago; and in the event sa~d MORTGAGORS shall io~ any rcafon (ail to kcep thc sa~d premises so
inwr~J, M fail b deliver promplly any o( sa~d pol~cies o1 in~urance lo fe~d MORTGAGEE, or fail proneytly ~o {>ay (u~ty any prr,~~wm thrrcfor or in a~y
r~:ped tail b palam, diuha~ge, eaetu?e, eHet~, comple~e, canply with a~ abide by ~his cevenam, or eny p,irt hareot, sa~d MtiRiGAGkE may plste e~~d
pay (w such iniuronc~ or ~ny part thereof Mrithout waiviny w el(ectinp any option, lien, equny, or nght under or by vutue ot ~his Mortgage, snd the
fvll amount of eath ~nd evsry auth payment shaN be immediatety due and payable ar.d +ha!! lxar iracrcat irwn Iho da`e Ilu~eo( untd pa~d at the rata o1
n~ne per tentum per a~num and together vcilh ~uth inte~es~ shati bc secured by the lien of th~s martgag~.
io permil, commil or suiFer no waste, impairmem or detcrior~tio~ o} ~aid prope~~y o? any part th~reof.
5. To pay •11 and sirgula~ the coats, cFwrget and expe~~ses, i~cluding a reasonable atrorney's fee and cests of .+bstracts of lille, intuned or {,efd af
eny time by wid MORiGAGEE, beceuse or in the event of the Iaifu~e on the pa~r of ~he said MORTGAGOR to Jwy, p~anptiy and f~lly per(orm, d~scha~ge.
execute, eifee~, compiets. comply wdh and ab~de by each and every 1he stipula~~ons, ngree~~~cnrs, cond~~~o~s, ar.d cove~~a~+t~ ol sd~d pro~n~;sory nute e„d ~hi~
~~ortyaye any or e~~her, a~d sa:d costs, tharges and expense~, each and every, shalt be im~nrd~atety doe and payabte; whethe~ ar nof nc~:e be no+~ce d~-
mend, attempl fo tollett w ~vil pendin9; snd the 1u11 amoun! of each and every such paymrM shalt bea~ intv~est from ~he date thercof until pa~d at the
~•~te of nene Ner centum per annum; and all uid tos)s, chargrs and ~~i~enses inturred or paid, loyether wnh svch ~nt~~r~t, shall be secured by the I~rn o( Iiu~
mOe/qa~~.
b. Th~l (a) in the eveM oi any breath of this Mortgage or de4auh on the pa~t of the MO~TG~GL~R, or ;b) in thc event any of sa:d wms ot nwnry
herein referred to be not p~omptly and tully paid with~n Ihuty (301 days ~cxt atter the same srvera:ly bcco~nr d~e and pa~eWe, w~thou+ den~ar~d or nonce.
or in the evem each and avery Ihe stiputar~oas, agroements, condn~w.s and co~enams ot sa.d ~ro~~uas~~~ notc a~~d th,s mortgayr any er e~the~ •re nol
~~ly, p~omptly and lully ps~formed, d~scharged, eaecuted, effected, canpleted, compi~ed w~ih and ab~ded Sy, tF,en in eaher w any such evem the ie~d ag
g~egate sum memion~d in sa~d promissory note then remain~ng unpa~d, with ~ntere;t accr~ed, and a~l ~nonrys securEd hrreby, sha~t brco.ne due and pa/~
ab~c forthwith, o~ therea(ter, at the option of said MOQIGAGEE, as fully and complr~eiy as if ali ol th~• s.+~d sums of moncy wcre or,g~natly snpu:ated
re be paid on svch day, anylhing in sa.d promisswy note or in this Mortgage to the tontrary notwr~th~ta~~ei~.~c~: and thcrcupon or tl~er~a{ter at the o~~t~o.~ u(
s.+:d MORTGAGFE, witkout nonte o~ demand, suit at !aw p in eqwty, therefore or therraftcr bryun, may !x proacwfed as ~f aR moneys sew~ed hereby
n;d me~~red p~~w ~o ~ts institution.
7. That in the event that at the bcginn~ng o( o~ at any time pending any su~s upon th;s Mortgage, o~ to furcdose it, or to relorm it, or to enforce
paymeN of any c!aims hereunder, said MORTGAGEE sheN apply to the Cowt hav~r~g ~unsd,c~~on rhercwf lor the dF•};p~ntmeM oF a Rece~ver, s~.h Court shalf
fonhw~rh apFw~nt a r~tiver of sa~d morlgaged prooerty all and sin9ular, inctud.ng ai1 a~,d am3~ta~ ~he ~n~on,e, prof~rs, ns~es a~d re~e~ues from wharever
source derived, each end every of whicb, it be1n~ eapressly understood, is hereby mortgagrd as i} sper.i~caity set (o~th and desc•,tnd ~n rhe g.antan9 and
habenclum cl~~ses hereof, arrd such Receivm shall have sIl the broad and eifect~ve ivn~t,ons and powe~s ~n anyw~sr entr~sted by a Co~r~ to a Receiver, ar,d
s.ch appoiniment shall be made by such Court as ~n admi~ted rquity and a matte~ of atsolurr riyht to sa~d MORSGAGEE, a~d w~thout refcren[e to ~he
adeyvacy w inadequacy ol the wlue of the properry moregaged or ro rhe so,vency o. ,nsc~ve•ncy o~ sa~d MORTGAGOR or the defpndants, and the~ such
.c~rs, p~ofin, income, issves and reveoves shall be appi~ed by wch Recr~ver accord~ng ~o the fien pr rquity ol ia~d MOQTGAGEE and the practice of such
Court.
8. 1o duty, promptly and futly per(orm, d~scharge, ezecute, effect, complete, con,pl~ with and abide by each and every !he stirsulations, agreements,
:onditiona and covenams in aa~d promis~ay note and thES mortgage set fo~~h. ~ ,
9. That in the event the ownership of Ihe mortgaged prem~ses, or any part Ihereof, Lecomet vesfed in s' ~toi~ ptMr than tF~e MORTGAGOR, the
\SORTGAGFE, its svccessors and ess~gns, may, without noNce to Ihe MORTGApR, deal w~th s~ch successa?'oi successor in interest wnh reference fo thi~
~~o+tgage and the d;bt hcreby set~red in tfie same manner as with Mort~agor vv~thout in any way vit:ating p~ dacharging the Mortgagori liabilily here-
~nder ot upon tFK drbt hereby secu~ed. No sale of the F~em~ses hereby mortgaged end oo forbeara~xe on the ~3art ot the /AORTGAGfE ar its s~ccesnors
or assigns and no e~crens~on o! the Gme for the payment oi the deb? hercby secured give~ by the MOR1GA~iEE p. ;ts successors w ass~gns, st~all ope~ate
~o re!ease, d~scharge, mod~fy change a affKt the orig~nal liab~l~ty of the MORiGAGQR here;n, eithe~ +n whote oi in part.
10. It is speof~calty agreed that time is of the essence of this contract and that no waiver of any ob!~gat~on hereunder p of the obligation se-
cured hereay sha~t nt any fime thereafter be he!d to be a wairer of the terms hereof or of the insrrument secu~ed hcrby.
1 t. !n 3dd tie~ to the forego'ng month!y paym~nts of p~~nc ;~at and inrerest ~e4~~red by the pro~n sscry no~e scw~rd herrb~, me:tgagor tovenams
and egrees to pay to mo-tgagee w~th each mo~rhty pay~.:en~ an add~~~o~ial sum rsT~ma~ed 6y ~~ortgagee to be e4uai to 1 12 oi thr an:~ual cost of the fallow- ~
A-d~~ reat properiy taxes levied or assessed agai•~st thc above describcd real estete.
B- 6~: c ~ ns on fire a~d windstorm irtsurance as here~n req:~,red to be tarri~ d en the :m;:roveme~ts s~tuate on th; above described premisei.
C-P~eT~ums on such mortgage g~aranty ir.sura~.ce as mortyagee shati f.eT ~ me ro t~me dtem fit to carry on fhe loan secured hereby.
A4ortgagre s~+a'I f.om tirne ~o time ~otify mortgagc+ ~n wr~t~ng of the an,ou~t d~e a~d payabfe hereundar and such su n shall thrreupon be due and
:~rab!e on rAe due da+e of rhe next monthiy payme~it and each svccessive mon!h rne:eafr~r ur.t;t mongagee shall no~:fy mo~tgayor of a change•in such
ount. $~ch sums s~r!f be applied by morigagee toward the payment of rea! property taxes, insurance prrn,.~rns, a~~d mortgage guaraMy insurancP
c•emiums.
f 1YITNESS WMEREOF, fhe said MORiGAGOR has hereunto set his hand and seel the day and year first aforesa~d.
gned. Sealed de ered 'n the pesence of: ~
al)
C ,(SeIsf}
/ ~ /f~` ,/~.~'i~~
~x
tSea!)
S~A7E OF FIORIDA ~
St, LuCie
~~uNn oF l
befae me personally appeared Req i S D. Tr e f e 1 ne r e~
_ GeIleVleV~ S, Trefelner h~s w~~e, to mt well known and known to me to be
rhe ind~v~dua:s described in and who executed the faegoing insirument, and ac4nowledged be(ore me that they executed the same for rhe purposes
~heiein expreased. And the said Genevieve S. Trefelner
N:fe of the said R~q15 Trefelner a separete and private
e.am na~~on by me taken aeparate a~d apart from her sa~d husband, ackrawledged to and before me ihat she ezecuted said instru~nent freeiy and votun-
~e•,iy and w;thovt any computsion, constroinr, apprehens~on, w fear of or from her said husband.
WITNESS my hand end of(iuat seat thia_ ~ Q~- day of IOber A: D. 19Z,~
F~~=O AM~ FECOADED Notary. Public in and foi the State Fiorida af l~rye
Retum To: ST. LU~iC,CO~JNQAs LA. tiny Comm~ss~on expires:
RO.,F-. r"~ tT
F:rtr Federal Sa~ings 3 toan Asaociation CIERK C~G17lT COURT NOYAR1f ¢UBtI~, STATE ol fLORIDA tl IARCE
o+ =o.r Pp,« RECt?^vE~+F~EO~~ -'MY,Call•.~1t3SlON~ExPiRES SEPt. ?5, t975
for~ P~erce. Ficr~da SEP 3 2 5o PH .,r• Fi'~:'-'t;ea1 BanFrrs Jm:urancr w.
tJ
~1a~~a~a3 ,Q~~,t~ - : ~
This Instrument Prepared By John tti . Co t 1 ins ~ l0°"" ' •
First Federal Savings E~ loan assaiation `J + r
~ of Fort Pierc F lor i da
~~~'J/;~
Checked By _ '
soox195 P~E1034 ;
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