HomeMy WebLinkAbout1040 3. To place and conti~uously kcep on the bui!d~ngs aow or hereafter f~t~ate on sa~d ~and and on all equipment and pe.sonalty coler«1 Uy lhis mortg-
sge, wilh •II p~emiumt thereon pa~d in full, Itre insurence in the usual srai~erJ po:~~y Iam, ~n a sum aHpro.cd b~ the htiR~C%.GEE, a~:d w~~~dsro~m
~nsurance in the usual sta~idard po6cy loim, in s sum app~oved by the MORlGAGEE, i~ such con,pany er compan:es as the 610RTGAGEE ~nay
direcl; and all fire and w~nd~torm in~wance po~~ues on any oi sa~d tn,~~d~~gs, ar.y imer~sl the~ein or pa~t the~cof, in the agyr•:gate s~m aloresaid w
in eatess Ihareof, shall tontain the usual slandard mor~qagee dau~e or such o~her clauss as ~ne Mo~~gagee may rrqu~re, makmg ihe Ioss undrr s~~d poli-
cies, each snd every, paYable ro ta~d MORTGAGEE as ~1s ~~terast may appea~, and each ar.d every such po+~r~ shall be p~omptty ass gned e~~J deliverr~i ~o
•ny held by sa~d MORiGAGEE at iurther sewrity to said mortgage drbt, and, no~ ~ens than ten (10) days in ad~a~ue oi the exp~rehon ot each FwGCy, to dr
i~ve~ fo ~aid MORTGAGEE e renewal thereof, toge~her with a rece~pt tor Ihe prenuum of such renewal; and thr~e shall br iw f~re or w~•~:fuo-m insurance
p,eted on any of said buildinys, ~~y iMeresl therrm w pa~t thereof, unless in the 1o:m arxl w~th the ~oss payable as aloresaid; and in the evenl any sum
of money becomei payable uode~ such poliq w po~~cies sald MORIGAGEE ~hell have the opt~on ~o ~rce~ve ~~~d apN3y ~he sa~„e on accou:~r of the i~~Jebtrd-
ness setu~ed FKreby a to permit said MORTGAGOR$ to rece~ve and use it w any p, rt ~t~~~:cof fo. ec~~• r ~,u~; :si•s. :::i?,._.:t f~, w~,~, ~r ~~~~i~~r•
ing any equity, lien ot right undM or by virtue of this mo:'gage; a~d in the event sa.d MORTGAGORS shall .`or any reason fail fa k~ep the sa~d premiscs so
inswed, M lail to deliver prpmptly a~y of said policies of inswante 1o sa~d MORTGAGEE, or f~~! ~r,on~ptly to ;,ay fully any prem~c•n thcr~•fur or in any ~
resped lail to per(arm, d~scharge, eaecute, effeU, complete, co»,p~y with and ab~de by thts coven~n~, ur any part h~reof, sa,d MuRiGr.GEE may piace a~~o
pay fa tuch intu~ance ot any part Ihercof w~thou~ waiving or affecting any option, tien, equ~~y, o~ r~ght unde. or by vlrtue oi ~his Morrgage, and thc
full arnouro ot each and every such payment shall be immcdiately due and payable a~~d ahai~ baar imcrrst frum the date thc~col un~~I pad at tha rate ol ~
n~ne per centum pe~ annum and together with such interest shai~ t~e srcured by the tien of th~t mo~tgage.
1. To permit, tommit w suffer no waste, impairmeM w deteriorat~on of said property ot any pa~t thcrcof. ~
S. To pay all and ~ingular the costs, tharges and expenses, ~~dudu~g a reaso~able atto~nry's fee ^a<<d ccsts cf abst~. Us of title, ~nc~rred or ~,aid at ~
any time by said MORTGAGfE, bKause or in the event of the fa:lure on ihe part of the SJI~ MORIG~JVQ ~o duly, ~ro•npety e:id f~1iy F:crform, d~scharqe
execu?e, ef(ed, tomplete, tomp~y wilh and ab:de by each and every the st~puia+~o:is, aqrec~nents, condlt~ons, and tove:~e~+rs of s:.~d pron~~,sa~y nute a~~d +h~s
-,ortgage any or ei~her, snd said costs, charges and expenses, each and every, shall be immrdiate'y d~e and paya6:e; wh_•f :er or ~wi ~hr~r oe nunce d~
mand, attempt to Co11eCt W svil pending; anc~ the full amouM oi edth end every such paymcnf shall bea~ ~nt.~res~ fron~ ~hc dat~ tharrof until paid al Ihe
rate o~ nine pe~ crnt~m per annum; and all said costs, chargea a~id expr:~us incurred or pa~d, t.x~.r~hrr w~th such u~tnrest, ah~il te sewr~~d by the hrn of th~s
mwtyage.
b. That (a) in the eveM of sny breach of lhis Mortgage or delauH on tt~ pa.t of ~he ":.ORiG~GOP„ or ;b~ in +hc even+ an~ oF s~'d sums of money
herein re(erred to be not promptly and fully paid w~thin th~rty (30) days ne~t a't_•r tl~e s.~rne se:era'ly 6eco~~fe due and pay~'ule, wnhou~ de~nand or nohce,
er (c) in the event each and eve?y the atipulations, a9reeme~ts, tondit~o~:s and covenanfa a' ud {;ro:n+ssoty not. a~~d ~h,s mo~tgage any or e~ther are nol
~u~y, prompNy a~d fuliy perfwmed, d~acharged, exec~~ed. eftetted, completed, comp+~ed w~th and ab~Jed 5y, ihan in e.ther o~ ar~y such evem the sa~d ag-
~regate sum ment;oned in aaid promissory note then remaining unpa~d, w~th ~rorre;t acuurd, and a~i mone,s sec~red ~ereby, sl~atl b~come due and pay-
able (orthwith, o~ thereaffer, at the option of said MORTGAGEE, as {ully and con,pletcly aa ~f alt of ~he s.+~d s.,~ns oi muney wc~e onghially st~p~;ated
to be paid oo suth dty, anything io Sa.d prOm~ssory note o~ in this Morfgage to the contra~y not,~vuhstand~~y; and thereuNon or Ihcreeher et the ophon o1 ~
sa~d MORTGAGEE, w~thout nonce or demand, suit at law or in equity, therelore or thc•reaf~er beg_•r~, era~ ~r Y: :=:u~ed as if all money3 secured hereby i
i
nsd matured pnor to ~ta ins~itut~on.
7. That in the evenf that at the beginning oI or at any time pending any su~t upon this !'l.ortyaye, or to forec!cse it, or to refo~m it, or to enforce ~
payment o1 a~y elaims hercunde?, said MORTGAGEE shall apply to the Court havmy ~ur~~d.u:un thercof }or fhe ai:NO~~~tneen~ of a Recei+rr, wch Co~rt shall
forthwith appoint a receiver of said morfgaged prooerty all and sinyuta~, ind~d.ng a11 and s~~~gvlar tl~e incon~e, profits, issues ard rever.ues from whatever
seurce derived, each and every of wh~ch, it being expressfy u~ders~ood, is Ferrby mo:tgayrd as ~f spec~f~ce;ly set fc~th and dasc+~bed ~n the g~ant;ng and
hjbendum clauses hereof, and such Receiver shall have all the broad and effecnve funct.o,~s and po,ners m anyw~se entrvieed by a Cc~u~t to a Rece~ver, a~~d
s. ch appointment shall be made by such Court as an admitred equity and a matter of absow~e nght to ss~d MORiGAGEE, end wnhout reference to the
adequacy w inadeq~acy of the value of tlx property mor~gaged or to the so.ver.cy or ~nsu+v~•ncy of sa~d MORiGAGOR or the defenJam;, and th,t such
rents, pro(its, income, issves and revenues shall be appiied by such Receiver accord~ng to the lien or eq~~ty o( said MORiGAGEE and the practice of such
Couv.
8. oT duty, promptly and fully perform, discharge, execute, effect, com~~ete, comply wiih and abide by each and every the stipuiat~ons, agreementf,
canditiona and covenants in sa~d promissory note and this mortgage srt forth.
9. That in the event the ownership of the mortgaged premises, or any part thcreof, becomes vested in a person o~her than ~he MORTGAGOR, ~he ~
MORTGAGEE, its successors and ass~gns, may, wi+hout no~ice to thr A".ORTGAOR, deai wdh such wccessor or successor in lmcrest 4v:!h refererce to thii
mo~tgage aRd the debt hereby secured in the same manner as wiih Mo~tgago. w~~hout in any v,ay v~t:atin9 or d~scharging the Morrgago~s' liabiiity here-
under or upon the debt hereby sec~red. No sale of the F•remises hereby mortgaged and no fo+:,earance on the part of the ?~AORTGAGEE or its successo+s j
or assigns and no exfe~s~on of the time for the paymem o4 the debt hr.cby secu~ed given by the tdORIGAGEE o. its svccessors or au~gns, .nall operate ~
ro releaae, d~scharge, mod~fy change w affect the origmal liab,~~ty of the MORTGAGOR here+n, either m vrhoie or in part.
10. It is speufically agreed that time is oi the esse~ce of this contrac~ and ehat no wa~ver of any ob~~gat~on he~eunder or of ~he elligation sr
cured hereby shali at any time thereaher be held to be a wa~ver of the terms hereof or of the instrument• sec~red herby.
11. In acid.tlo~ to the forego ng monlhb~ payments of princ pal and interest reguued by the prom sscry „e~e s,cured h~~reb~, mo:tya3or eovenants
ar.d agrees to pay to mortgagee ~with each month!y payr.•.ent an adJ~nonal sum es! ~+'oted b~ n,ortgogee to be equai ro 1. 12 of t',•~ ann~al cost of 1he follow- t
ng: ~ i
A-AI! .ea! propcrty taxes ~ev~ed or assessed aga~•~st thc ak:ove desr~bcd real esra}c. 4
B-Pr~~+, ~ ns on lire and windstorm inwrance as herein requned to be carr.cd o~~ the Im~.rovr~~~e.~IS a:tvate on the above d=svibed premises.
C-Pre~niums on such mwtgage gusranty ir.wrance as mortgagee shall ~rom t.me ro t~me deem fit to carry on the loan secured hereoy.
{ Mo~tgagee she'4 f.cm t~me to t~me notify mortgagor in writ~ng of the amount du~ and payable hereundrr and such s~~*+ shall Ihereupon be d~e and
~ ~ ayab!e o~ ~he d~e date of the ~ext month!y payment and each succeuwe rt~onth thereafrar ~cti1 mortg.jgee sha!I r.ot:fy mortyagor of a change in such
~ e~*:ount. Such sums sFa;l be applied by morT9agee toward the payment of rea~ property taxes, inwrance prem.ums, and n~~ortyage guaraNy inaurance
~ p~emiums.
IN 1VITNESS '11HEREOF, the sa~d MORTGACsOR has hereunto set h~s hand end seal the day and ear iirst a!oresa~d.
~ Sg , Seal n¢. delivec it~ the pretence of:
_ (Seat) ~
~($esl)
F ` / • _ _
- i5eal)
- - - ~ Seal)
STATE OF fIORIDA ~
St. IuCie
COUNTY OF ~
Before me personally appeared _ J~ ~l@n _ _ - - a^d
M$I'1Z@~ All@Il his w:fe, to me well known a~d known to me to be
rhe individuals described in and who executed the fo~e~ oing instrument, and acknowtedged before me that they executed the same for tj~ purposes
1~BLI89u ~.28II ' j` ~
rherein expressed. And the said
~ ~.~fe of the said JO@ -A'~@D - w,~,l ~~ate and priwte
F.am~nat~on by mt taken separate and apa.t from her said husband, acknowledged to and before me that she execu:ed said ins4~pt.ir~~j an~volurt~
~ ranly and without any compulsion, constraint, apprehensloa~or fear of or from her said husband. ~ ~
~ WITNE55 my hand and official seal this__~---_ day oI__--,._ -___~t ~?19~
- ~
L.~s- ~i r ~ ~ -
~ Not ry Pobiit in and ~or the Sttt~ ,Ftt da `Jt l~e ;
~ My omm~ss~on exp~res: ~ , -
Ret~rn To: ' /
~ i:nt Federal Savi s a loan Associahon ~ ' ~ f t" Tu, ,~'lr~tNr•
"g M1t Y : i . ~ , ~V ~ , • ' j
~ Of Fo.t P,erce. G~f~ERi1L U+f:::1:~:~.':i.t i:~iu~.t~'T:ific.i:~'r,.i~t
fort Pierce, ilo~ida '3. 2 ~ ~S ~
~
fIlEO ANQ RECORGE~
.ST.II~CIE COUNTY flA•
This Instrument Prepared By d. D. Chastsin ROGER PO~TRAS
First Federal Savings & Loan Association CLERK CIRCUIT COURT
of Fort Pierce~ F~oZ'1d~ RECORO VERIFIEO~•~r-""
~hecked By S~ .3 2 sl PN'T I~~ ~
Io3t
$00!! ~t7~ ~Gf i~ ~`Ia51 ~aS ~
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