HomeMy WebLinkAbout1781 3. To place and co~tinuousiy keep on the bui!dings now or hereaNer situate on said (and and on al~ cquipment and persO~ally covered by this mprtg-
ege, with •N premiums fhereon paid in full, fire insurance ~n the usual standard po~ity form, in a wm aHpro~ed by the MUR~v.>GE:, a~~d winds~onn
':nsuranca in the usw) standa.d pofcy fam, in a sum approved by ~he MORTGAGEE, ~n such compa~~y or CO'»F~3tl:Ei as the 1.t02TGAGEf may
di~K1; and all (i~s and w~ndstorm insurante policies on a~y of said build~~gs, any inte~est ~herein or ~~ert thercof, in the agg+. yafe sum aforesa~d or
exceas thereof, shall cw+tain the uwal standard morega9ee ciause or wch othar c~a~se as the Mo:tgayee may requ~re, mawir.g the ~oss unda, s~~d poti-
cies, each and every, payable to said MORiGAGEE as ~ts imarest may appear, and each and every such po~;cy :ha~t tx p~omNr:y as: g~:Cd anJ ~lruvered +o
sny Meld by said MORfGAGEE af iurthe~ secwity to said mortgage dabt, and, not l~ss than ten (10) days in ad~ance of ~he eap~rnt~on of each po~~ty, to de-
liver fo ieid MORTGAGEE a renewal thereof, toge~her with a receipt ior the premium of such ~enevval; and thrre sfiail be nc f:~e o~ w~~~duo~m insurance
p~ated on any of said building~, any interest therein w part thereof, unleas irt fhe form and wnh the los~ payaole as afc~esaid; and in the e~em any sum
of money becemea payaWe unde? such policy w policies said MURTGAGEE shall have the opnon fo rrcc~~e and appiy the same on ar.o~rn oi rhe +~~de~frd-
ness secur~d hereby a t0 permit sa~d MORTGAGORS to reteive and use it a any part th_•:~rof tc,r ;,u,•.r ~.w, os.s. :.:rt.;_r rh:•::,, r,..,:+:~ ;;r ,~r~,,.,r-
ing any squity, lien q riqht vnder a by virtue of ehis mor'gage; a~d in the event sa d MORTGAGORS sha!1 'or any ~eason fa~t to kcep the sa~d prcm~saa so
insu?ed, oi fail to delive~ promptly any of said politiea o1 insurante to sa~d h~ORTGAGEE, cr foi~ promptly to F,ay t~,:y any prr.+~~wn fncrefor or in a~~y
~enpect fail to perfpm, discharge, execute, effect, complete, comply wi~h and abirle by th;s coven~ro, w any p,~~t hcreof, sa~d Mt~RiGAGEE may p~ace a~~tl
pay fpr suth insurants ot a~y parl thereof withoul waiving or affeding any option, lien, eqwty, or n~ht under or by virrue of this ~1orlyage, and tht ~
tull amount of eath and eve~y such payment shall be immediately due and payabie and shaN bear inter~st from etw dara th,:rrof unril p~rd at rha rate of
n+ne per centum per annum and to~ether with such inte~est shail br secured by the Gen of 1h~s mortgage.
1. To permi/, tommit q suffet no waste, impai~menl or deter;oration of said property or any pa~t ~hereof. ~
5. To ~
pay +11 and si~gular the costs, tharges and expenses, mc+udirg a reaso~abte at~er~ey's fee and cosn ef abit~acts oE t~t1e, inwrred er paid a~
arry time by said MORiGAGEE, kxcause w in the event of the fa~wre on the part oF the sa~d h10RTGAGOR to duty, p,a~~Nri~ and f~~;y F~.form, d~schjrge
eYecute, effett, complete, tomply wrth and ab;de by each and eve~y thi: stlp~lat~ons, agr~r~r:anrs, cond~tions, and cs+e~mnrs o~ s~~d E:~o~,~>sory nate a~~d rn;s
~~ortgage any ot either, and u~d costs, thargts and expenses, each and every, shail bc in~:rcd~atcty d~e and Fa~~L:r; wh•_rher or nor there t~e nor~ce da
niand, atrempt to collect or suit pend~ng; and the full amounf of each and eve~y svch pa,mam shali bra. ~~~~r~es~ from ~he da+e the~~•at uo~;t pa~d a~ the
rare os nme per centum ~ annum; and a!1 sa~d coa~s, charges and c.,~e~~ses ~rxurred or N~~d, ~ogeiher ~v,th wch ~„+errs~, shoii ue secun;d by the ~~en of th~s
mwtyage.
6. That (a) in the evenl of any breach of this Mortgage o? defau't on th> pa.t of r.,e l.!ORIGAGOR, or ;b) ~n the event any o( sa'd sums of mo~ey
herein refprred to be not promptly and fully paid within Ih,~1y ~30) days ~eat a<<:•r fhe sarne severa:ty 6eco*:~e due and pa~e~!e, wrtho~l demand or not~ce,
o~ (c) in tl~e eveM eath and every the stipulahons, agreements, cond~t~o~~s and co~enanrs oi sa d pro:n~sa~+y ~~ore anJ :h.s n:o~tgage any or e~rhar are nat
iuiy, promptly and iuliy performed, d~xharged, executed, eftected, tomp:eted, compi~ed .v~th and ab~d~•d `ay, then in e~the~ or arey such evem the sa~d ~g
g~egate sum mentioned in said promissay note then remaini~ig unpa~d. avi~h inte~rsr accrurd. a~+d a.1'moneys sewred hereby, :ha~~ bece~,~e due and pay
ab,e forrhwirh, or thereafter, at the opt)on of said MORiGAGEE, as fuiiy a+x! comp;etcly as ~f atl of thr s.~ d s~~~ns oS r,onev ~nere o~:g~na~~y s~~pu:atrd
ro be pa~d on such day, anything in sa.d prom~ssay note o~ in this ~l~tiortgage to ~he contrary nor.v,thsra:,d.,~y; ihcr.•„F:on or tn~r~3tter ai the opt~on of
sa:d MORTGAGEE, witfwut notice or demand, suit a1 taw or ~n equity, therefore o~ Mereafter beyun, rr,ay tx prosecuted aa ~f afl moneys sewred hereby
nad matured pnor to ~ts insGtution.
7. That in the event that at the beginn~ng of w at any time pendl~g any su~t upcn th~s Mo~tgage, or ro foredose it, or to reform i1, or to enfo~ce
Payment o1 any cla~ms hereunde?, said MORiGAGEE shall apply to thr Co~.t havlr.g iur~sd,ct,cn e1,~•.cor for nc~ apµo~r~tn~enr of a Receiver, such Cowt sbe,l
fo~thwith appoint a rer.eiver of said mortgaged prooerty ail and s~ng~lar, ind~d-ng ail a~,d si:~gula% ih~ ir.con:e, prof~ts,'hsves ar.d re•.e~~~es 1ro~n v.hatever
se~rce derived, etch and every of wh~ch, it being exprpssly undersrood, is Fereuy mortqe;:rd as ~f sF,~•c,Lca,~y ser forTh and descnbed in ihe grani~ng and
h3bendum tfauses hereo4, artd such Receiver shall have al! the broad and rfiec~~ve iuncr c~ s and powers i~i anyw~se entrusted by a Cou~t to a Rrce~ver, and
s. ch appointment shal~ be made by such Court as an admittrd equity and a matter ot a:no ~te, nght to said M.ORTGAGEE. and w.thout reterence to thz
adequacy or inadequacy of the vafue of the property mortgaged or to rhe so:vency o. ~nzc:~~ncy of sa~d MORiGAGOR a the deienda•,~s, a,~d ~h;t s~ch
.e.,n, profits, irxome, issues and revenues shail be applied by such Recewer accord.ng to the iiea or eqviry o( sa[d ht02TGAGEE anci ~he prachce of such
Court. ,
B. To duly, promptly and fulty p~~iorm, discharge, execute, effect, compiete, comF,ty w~th and abide by each and eve~y rhe sr~pulatior.s, agreements, ~
cond;tions and corenams in sa~d promissory note and this mortgage set forth. ' , ~
9. That in the event the ow~ership of the mo~Tgaged prert~~ses, or a~~y part thcreof, becomes vested in-a pe~son other than the MORZGAGpR, the
M.ORTGAGEE, its successws and assigns, msy, without notice to the MORTGAOR, deaf w~th~wch successor or suaessor in interest w~th refr~ence to thls
rt~orrgage and the d~~bf hereby secured in ihe same manner as w~ih No~rgagor w,sh~ut fn any way vi~:ating or d:scharg~:,g the Mc~tg~gori Gab~t~ty here-
cnder p~ upon the debt herrby sec~red. No sale of the prefnises hereby mortgaged ard no forbearance on ~he pa~t of rh~ /r,ORSGr~u'tE or ~ts s~ccessors
or assigns and no earens~on o( ti~e time for the payment of the debt hercby sec~~ed g~ven by tne MpRTGAGfE or ;~s successors or ass:gns, a„al? operate
io release, d~scharge, mod~fy change or affect the or~ginal liab:t~ty of she M,ORTe;AGOR herem, e~the~ m v~hole or in pan.
10. It es spec~fically agreed that time is of the essence of th~s coniracr and that no waiver of ar.y obl;gr~;on hereunder o~ of the obligation se-
cured hereby shall at any time thereafter be held to be a wawer o( the terms hereof or of the inserument secured herby.
I 1. In add.tie~ to the foreyo'ng monihly payments of pr'r~c pal and inte.est requ~red by the prom sscry no'c secu~rcl herrby, mortga~or cpvenants i
+~d ag~ees ro pay ro mortgagee ~~th each momh!y pa~~.:ent an add.r~ona! sum es~ rated by m.ortyagee to be eyua~ to 1 12 of r:,e ,;rr,•ua! .osf of ~he foltow- ~
~ .
A-Ail reat property taaes ievied or assessed agai•:st fh~ aoove desc~it•_d r,a~ esrar~_
B- Pr ~m~;,~ns on f,re and w~nds~orm insuraece as here~n req~,red to be ca~n._d c~e ~he improvemei~s s~tuate on nc~ above d_sr.:k,ed p.emises.
C-Premiu~ns o~ wch mortgage guaranty irtsura~ ce as mortgagee sha,l 'rcT ++n~. to ti r~ deem fit to ca~ry on the luan sec~:ed hereby.
MOrtgagee sfia~l .'rom time to t~me not~~y monyagcr ~n wrrt,ng of the a••-oi nt due and payabie herzundar and s~ch sv~n sF:ail th~•re~pon be d~e and
;.~~able on the due date of rhe neat morttniy payment ar~d each sutceszive ~•on:h tneree4trr urti: mcrtgagee sha!1 nohfy mo•+yager o9 a cha~ge in such
3:o~nt. $uch sums sFa!I be appiied by mortgagee towa.d the paymem of real property taxes, insvra;~ce prem.~:ns, a~~d mcrtyag~ guaramy insu:ance
c~emiums.
~ IN 4YITNE55 ' ERFOr, ?he said MORiGAGOR has here~nto set h~s hand and seal the day and year hst a[oresaid.
"~--3~i~ixd, Seak a delivered in t e presence of: ~
~'Z"'' .
Witnes J o
- - ~ (seat)
~ttt@SS 4 - (Seaf) ~
e U890
, (Seal) ~
,
ST4TE OF FLORIDA ~ , ~
~JUNiY pf _ LuC~A ~
1 -
i
Befwe me personally appeared JA~3 R11.980 - and
~ A~1 e~11s$O _ his wif~, to me well known and known to me to be
rha individuals described in a~d who executed the foregoing instrument, snd acknowledged before me that they execwed the same for the purpous
rhe+ein e~epresud. And the said_-_ _ A~1.8 ~1j9$O
Ntfe of the said ~ JAlhB8 ~1.980 upon a KprHe ~ad pivat~ ~
e¦aminat;on by r»e ta4e~ separote and apart from her said h~sba+ed, etk~ww~edged to and befwe im thai s`tie executed said instrumcnl fretJr at~ y~plue~- ~
ra~~ty and without any compufsion, constraint, apprehensj.~ , or fear of or from her said husband. .~}Q '
WITNESS my hand and offiual ual this____~% _ day af___~_~ j`~Yw~~r ti'~ -
, . .
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~ •
. . ' ~ ~ ~ a
, _ _ . ;
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Notary/p~blic in end Icr thr State Of flo/id~ ~li~~e
My COmm~ss~on expires:
Retum To: _ _ '
Firit federit Savings 6 Loan Associat~on ~ -
0 AN~ RECQR E~ ,~2!S fv~
os For, P e~ce i~{ ~,{L v0UM1Y~L~• Stm ot~ldM Y9~ ' ;
Fort P~erce. Flor~da y ~1R~~ ~'~T`'• ~ : ' ~
~OG~F P~ ~e~:~t0 t,'E~~r , -''-~2.. ~
Ci~.~RK tt~i~iu1T C~V~t ~ t:o7trn E~wros Ma't^ ~0. t~ - ~
tF1E0.......'~' ~
Of+O vEK
3 ;
This Instrument Prepared By E,~~C 3 3y PN,~' 3~ 3~~~ ~
First Federat Savings 8 loan Association
of Fort Pierce~ F'jOMdg ~JE~• 1 u I
Checked By 2'15~9 ~flOl(~~~ P~'E~~~
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