HomeMy WebLinkAbout1141 To pisce and continvousiy keep on the bu~'dings now or hr~eafter utuate on sa~d ~and and on alt cquip~neN a:~d person.~lly covered by ~his matg-
~q~, wtth ~ll premiums Ihereon pa~d i~ f~tl, fi.e iasurance ~he usval srander~! po~~cy tu~m, in a iw» dpNro.ec~ b~ ~he MOR~G:IGEE, and windstorm
infw~nce i~ ~M utual ifandard po~~cy fam, in • sum appro~ed by the MORTGAGfE, in sucA company or co~n;~an:es as ri~e MORTGAGEE may
d~rect; and aU fire and w:odatorm in~u~ance policies ai +~V of ~aid build.ngs, any inte~est thereir or part thr~eol, i~~ the aggr_•ga~e surn sforesaid or
in eacess lhereof, ihall contain the usuat sta~da~d mor~gagee dause or •uch o~her c~ause as the Mortgagee may reyu.~e. maMu~y tha toas ~nder s.+~d po~r
ues, each and eve~y, paYaDb to ssid A~ORiGAGEE as its inlerest may appear, a~~d each and every svch po~~t/ sholl be pro~nptly ass gned and defi~ered ~o
~ny held by sa~d MORTGAGEE as iurther seturity to said mortgage deul, and, no~ less ~hsn ten (10) days in ad~a~~ce o1 the exp~:o~~o~ of each polity, lo dr
Gve~ to said MORiGAGEE a reoewal thereof, toge~her wi~h a receipt for the premwm oi svch renewal: and there sh~;l be no Lre u~ w~~~dsto~m insurance
pl~ced on any of said b~ildirgs, any iroerest therem or pa~t thereof, un!ess in ~he form a~xl wi~h the loss payable as atoresaid; and in the eaent any sum ~
of rrwney becanes payabla uoder auch poliey w pabues said MORiGAGEE shall have ~he opt;on ~o receive .~uJ epply ~he sa~~~e on accoum oi the i~~debeed-
r+lf3 flCU/!d hNO6y M?O pl~m~~ uid MORTGAGORS to ~lCei~! and u3e il Ot any part tharcoi ior o;nrr ~ur~ cscs. .:.~ir,.~t Ih u~ ~va~~~ ~j ~r unpo:~-
ir+y any equ~~y, lien a~igh~ vndei a by vi~tve of this mortgagc; and i~ ~he went sa~d MORTGAGOR[ shall fw any ~raton iail to keep the sa~d premisrs so ~
inswed, p fail b deliver promplly any of said pol~c~es oF insurante ro said MORTGAGEE, or fail p~cmptly tu pay fuily any ~,re~~~~um therrlor o~ in any
rrspect fail b perform, d~xharqe, eaecute, effect, comp~ete, comply with and ab~de by th~s covenant, a any par~ hereoi, sa~d MORivAGEE may place a~~o
pay (or suth insurance w any parl thereof without waiving or affectinfl any optio~, ~ien, equny, o~ ri~ht under w by virtue oi th~s htortyage, and the
full amount of each and every such paymenl shall be immedutety due and payanie and shall boar intrrrst trwn the date ~hercof u~~~d pa~d at the rate ol
n~n~ p~r cenium per a~num and to~rther w~th suth interest sha11 tx sYUred by the lien of this mortgage.
To permi~, commit w suffe~ no waste, impairment o~ deteriorat~on of said property or any parl thcreof.
S. To pay dl and singul~ the costs, tharqes and ezptnsea, includ~ng a reasonabte anwneyb fee ano costs of abstracts af tiNe, incu~red or pa~d at
sny time by sa~d ~MORTGAGEE, becaux or in the event of the fa~lure on ~he part o( the said MORfGAGOR to d~ly, pro~nptfy and fuUy perto~m, d~scharge.
e.ec~t~, effecf, compkte, comply w~th and ab:de by each and every the stip~:lanons, agrrernents, condiuons, and cove:~ants of s~~d ptomi;sory note end ~h~i
nortgtpe any w either, and sa~d costs, charges and expenxs, each and every, shall tx imm~d~a~rly due and payab'•e; whr~her or not there be nonce d~
mand, atte~*~pt ta cotktt w svit pend~ng: +nd the (ull amount of each and e~ery such pay~nen? sh~Il bea. ~n+eres~ from ~he da~e the~rof unfil pa~d at the
.,re o~ nine per centum per a~uwrn; arx! a11 said costs, charges ar~d e¦prnses intuned or pa~d, tog~ther wnh wch inte~est, ~hail be sewred by the 6en o( th~s
mort9age. :
6. T}+al (a) i~ tl+e event of any kxeach of this JUlortgage or deiaul? on thr parl oi the nIORTG 1GOR, or ',b! in the event any of sa'd sums of money 4
herein refe~red to bc not pranptly ar.d fully paid within Ih~rty l30) days next ait•.~ the sa~ne sevcra!Iy bccane due and payable, w~~lwut demand or nooce,
er (d in the event each ~nd every the stipuianons, agreements, condi~~ons and covenanrs ot sa.d Nrom~ssory nore a~~d th.s mo~tgage any or e~!her are om
iuly, promptfy a~ fully perfamed, d~uharged, executed, rffected, canpleted, comp~;ed w~fh and ab~d~-d hy, then in e+thzr w any s~ch evem ~he sa~d ag
~^••e aum memwned in ;aid promissory note then remaining u~pa~d, with intere,? accr~ed, and a~l nWneyS securrd herehy, shall bacorne due and pay
aC!e fathw~rh, o~ thereafte+, sl the op~ion of said MORIGAGEE, as fuily and completely as il al! of thr sa~d sums of money wcrc or:glnally st~pu:atcd
to be pa:d on svch day, anythi~g in sa.d pro:msso~y note or in this Mortgage to the contrary no~w:t~atancl~~~g; and thereupon vr theree~se~ at the opt~on of
sa.d RtORTGAGEE, v~uhout not~ce o? demand, suit at law or in eqwty, thuefore os thereafter beyun, may be prosec~ted as if all moneys secured hereby
n,d matured pnor lo ~ts institvtwn_ '
7. That in the event that at the beginn;ng of or at any time pending any suit upon this Mo.tgage, or to ioreclose it, or to reform it, or to enforce
~ayment of any claims hercunde?, said MORTGAGEE shatl apply to the Cour~ having ~~risd:c~~o~ th+:~eof ior the appomtmnnt of a Receiver, such Court shaH
io;rhw~th appo~M s receiver of said mortgaged prooerty all and singufar, indud~ng ail and s~~~g.,lai ~he incon,e, protna, ~swes and revrnues from whatever
scu-ce derived, each and every of wh~ch, it being eapressly unde~stood. ~s hereby mo~rgaged as if spec~l~ca{ly set forth and descr~txd in the gror,nng a~d
habendum cta~ses hereof, and such Rece~ver shal{ have atl the broad and effect~ve funit.uns and powers in anyw~se entrusted by a Court to a Rec~iver, a~~d
s_ch sppainfinent ahall be made by such Court as an ad~nitted equ~ty and a matter of abso~ute r.ght tb said MJRTGAGEE, and w~ehovt ~e{erence to the
adequacy or ir.adeqvacy of the value of the property mwtgaged or to the so~vency or ~nsu~.rncy of aaid M.ORiGAGOR w the defandants, and rhat such
~e~~s, profits, locome, issues and revenues shall be appl~ed 6y such Rete~ver accord~:~g to ~he I~en or eq~ity of sa~d MORTGAGEE and ihe pract~ce of such
Court. .
8. Ta du!y, promptty and fully perform, discharge, execute, e(fect, complete, comply wi~h and abide by each and every the stiputations, agreements, ~
conditions and covenann m sa~d promnswy note and th;s mortgage set forth. • . ,
9. That in the event the ownersF.ip of the mortgaged p~eh.ises, or any part thcreof, becomes vested in a perwn other tha~ the MORTGAGOR, the
4•~RTGAGFE, its successors and ass~gns, may, w~thout no~ice !o the A10RTGAOR, deal w~th ivch successor or successo~ in mterest w~~h reierence to thi~
r*-o~tgage and tF~e debt hereby secured in the same manner as with Morrgagor withaut in any way vit~a~ing w d~scha~g:~~g the Martgagori liability here-
~^der w uFwn the debt hrreoy sec~red. No sa:e of the Fremisea hertby mortgaged ard no forbearan~e on the part oi the !AORTGAGEE or its successors
or ass~v~s and no eare~s~on of rhe t~me for the paymen! of the debt h~reby secwed given by the MORTG<1GE~ or its successors w ass:gns, s+~all operate
ra re~ease, d.uharqe, mod~fy change or affect the orig;nal iiabdi~y of the MORT('iAGOR here~n, eitF:er in whole or i~ part.
10_ It is spec~f+:al{y agreed that timt is of the essence of th~s cont~att and that no waiver o( any obl~gat~on hereunder or of the obligation se-
cured h~reby shafi at any time thereaher be he:d to be a wa~ver of tfie terms hereof w of the instrument secured herby.
i l. In aod' o~ !o the fwego n9 monthly payments of princ'pa~ and interest req~~red by the prom sscry no'e secur~d hec~•b/, mortyagor cove~ams
a~d agr~es to aay to morrgagee v~nh each monfhiy pay~nent an add~r~onal sum es~ n ared b~r mo:rgagee to be eGuai to 1, 12 of th~ an:wal cost of the follow-
, ,,3.
A-A?i ~ea~ c~operty taxrs le•.~z~ or assessed agai~sf thc above desc~+bed real estate.
B-F.a- ~s en {~•e and w~ndsterm insuracce as here~n requ;~ed to be ca~r~d on tne ~mproveme~ts situute on the above d=_scribed premises.
C-Prem,,:ms o~ such mortgage guaranty insura~.ce as mo*tgagee shall 'ro~n Yme ta !~~ne deem fit to carry on the foan sec~red hereby_
~ Mo+tgagee s^a E~cm t~T.e to ~~~+e notify mortgagor ~n writ~ng of the amo:~~~ d~e and payable hereundar and such s~m shall thereupon be due and
.:.ab!r on ;he d~e oete of thz ne~± month:y payment and each success~ve month tne:eafier u~.tii mortgagee shalt not~fy mortgagor of a change in such
~ _-ount. Such s~^+s s~a.~ ::e ap, :~ed by moregag~e toward the payme~t of rea~ property taxes, insurance pre~r:ums, a~id mortgage guaraMy i~surance
j c~e~iums.
~ . Y11TNE~S 7iH:REOf +ne said NIORTGI'.GOR has hereumo set hfs har.d and seal the day an~ ear first atoresaid.
~ n Sepled,and i the presence of: .
i ~ Seaq
~ _ ~ ~i~j i5eaq
` (Seaq
~ ~ (Seal)
S;:.TE OF flORIOA ~
St. Lucie
~~uvrv oF
~ befae me sonatt a ared Robert Mavs end
P~ ~ PP~
SaZd~LMdyB _ his wi~e, to me welf known and known to rt+e to be
~ !~•z ind~r.dw:f desuibed in and w executed the faegoing instrument, and acknowtedged befwe me that they executed the same fJr the purposa
r~.«•ei~ eapressed. And the said ~Z3~~dY3 r
ir of ,~~a Robert ~ upon a separ~te and priwt~
-,aT.:.,a+.~n by me ta~e~ sepa•ate and apart from her said husband, atkrowledged to end before me that she caecvted id instrum~nt {~qlX:~_YOlun-
~a•~:~ u.d wahovt any compu~sio~, constraint, apprehens~pry o~ fear of or trom her uid husband_ :
~w f
~ WITNESS my har+d a~d offiual seal th6~--~----- day of.--- ---~~2 ~•.l~'A.,~4~_ ,
v
~
~ - - - - n~La~- - ' ~ ~ ' ' -
Not y Pubt~c in a~d r t State of_ ~r~a ~ la~
~ My ommasion expires: - , ^ • ~r C~ ; _
~ a~f„~~ io: J ' - :
F;~st Fede*d Sar~n s a loan Asm~at.o~ Q '
~ ~ q0'TARy ?::QI_IC STATE r~c ''.M• . . i
or v.•~. MY r~t, ~ E
' ~'YEl2A ~'tf.rS1C)N EY.F+Ir ~ ~.~'QE~'•~
i4rt G,.rc., F:or~,di ~ ~ 2.
L Ii~SU:2ANCE ti?.t7EiZt i~ITERS, ~(M(f~::;r
3•z•
~ 2'1~~93 ~
This Instrument Prepared By J. D. Cbastain f~tEO Ay, D a CpRp Q
F~rst Federal Savings a Loan Association `T. LUCiE CO~NTr /~A.
of Fort P~erce , Florida aOFER t0~T1Ut a
CLERK C1R~UIT COIIRT
~ ~ RECORO vERI?I[0......~.. {
Checked By t1ir- - - - -
~ R S~r l I~o PM'T I 3
s~~195 ~1139 G,,,~a' ~
.
~