HomeMy WebLinkAbout1787 3. To plac~ and contiouously keep on Ihe bui'ding~ now or he~eaiter •iluate on sa~d land and on ali equ~p~.~ent and persona~~y covered by ~hit matg-
~ge, wilh •11 premium~ thereon pa~d in full, tire insu~ance m the usual ata~xlard pol~cy form, in a sum a~.p~a+rd by 1ha MOR~~,AGEE, and windstorm
inivrance in the_ uswl s~andard po~~cy iorm, in a fum approved by the MORTGAGEE, in sucfi company or compa~~ef as Ihe MORTGAGEE may
dirett; ~nd all fire and windsto~m in~urance po~~c~es on any o( faid build~ngs, any imereat therein or pa~l thereol, in ~he aggrrga~e tum efwesaid or
in satess Ihereol, ~MII ton~ain ths usual standard mortgagee clause d such other ctause a• the Mo~tyayee ~~ay ~equ~rs, makuig the loss u~~der aa~d polr
c~es, eacA and every, payab~e ro said A10RTGAGEE as its in~r~.st ~nsy appear, and each and every such poi~cy shall be pro~npily ass g~~ed a~~d del~vcred ~o
•ny held by said MORTGAGFE •s (urther security to said matgage debt, and, no1 lens ~han un (10) davs ~n advan~r of the eapuaUOn ol each pol~q, to d~-
liver 1o said MORTGAGEE s renewal thereof, lo9ether with a rece~pt (ot the premium o( such renowal; end thr~e shait be ~w 1~re u~ w~nds+o~m i~~sv~snce
pl~ced on any o( 1a~d buildings, any interest therein or p~~t thcreof, unlcss in the form and w~th the Ioss payable as aforesaid; and in ~he event any ~um
of money become~ payab~e u~der tuch poliq w po~~cias said MORiGAGEE shall have the opt.o~ to ~ece~ve ,:nd apply tt~e sa~ne on uccount af ~he inJubtrd-
neu secwed hereby or ro permit iaid MORTGAGORS Io rece~ve snd use if a any p,r~ ~he:rof tor o:~~• r pU~F U5t•S. v.~11~G~T iF~ ur .ti~,.~ ~3 0~ ~~~~p~~~•
inq any equ~ty, (ie~ w righl ~~der or by virtue of this mor'yage; and i~ Ihe event sa~d MORTGAGORS shall for any reason tail to krep ~he said pre~nisef so
iniured, q iail to deliver promptly •ny of sa~d po~~eies o1 insurance to said MORTGAGEE, or fail promf~tly to pay f~ily any prem~;rrn the~efor o~ ~n ar~Y
respect fail ro psrfam, d~scharge, eaecute, e~fcc~, comp~e~e, compiy with and ab~de by th~s cove~en+, w eny par~ hrreot, sa~d MORTGAGEE may pbce a~d
pay la sutti insurancs w any pa1 thereof witAout waiving or atfeding any opteon, lien, equ~~y, or ngM under or by virtue of this M«tgage, and !he
full a~no~nt oi each and evtry such p~Ymem shaH be immediatety d~e and psyable and shail bear inte.~•st 1rom tho date ~hereo( until pa~d at the rate ol
n~rx per centum pe~ annum and together with such interest slwli be srcured by the tien ol this mwtgage.
1. To p~rmit, commit or su((er ~o waste, impairme~it or deterioretio~ of said property w any part thereoi.
5. To pay all a~d sinyul~r the costs, chargn and ex{xnses, induding a rraso~able attomry's fee and wsts of abitr.~cts o1 tille, incw~ed or paid a~
eny time by uid MORTGAGfE, becauae d in the event of the failure on the part of ~he sa~d MORTGAGOR to d~ly, p~o•~+pNy and futly pertorm, dncharge.
r¦ecute, ef(ec1, tomplete, comply wah and ab:de by each a~d every the atipufa~~ons, agree~»ems, conditcons, and tove~~ants n~ sa~d p~OtnisiO~y r101l~ a~,d this
morrgaqe any or e~~her, and u~d costs, chargef and eapenses, each and every, ahaU be imm~d~ately due and payable; wh~•ther or not ~here tx nonce de
mand, attempt to colled or suit pendfng; and the full amount ol e~ch and every such paymem shall bra. interesl from the date ther.ro! uNil pa~d at the
rate o~ ni~ per cenrum per annum; arx! sll said costs, cherges m~d cxi~~ensrs mcurred o~ ~wid, toyrihr~ w~~h such interesl, ~haii be secured by the lien of th~~
mortysge.
6. Tha~ (a) in the eveN of any breach of this Mortgage or detauh on the part of the MORTGIIGOR, or ;b) ~n the event any ol sa d tu~ns of money
herein re(erred to be not promptly and lully paid with~n th~rty (30) days ~eat aftcr ihe :.une sevc~atly become dve and payable, wuhou~ demend or notice,
or {c) in the event each and every Ihe stipulations, agreements, cond,t~ons a~d covenants ot sa.d pro,n~ssa~y note and ~h~s mur~gage any or e~~he~ are not
i~ty, prompNy and iully performed, d~scharged, eaecuted, effected, completed, compl~ed w~~h and ab~deJ 5y, then in eeher or any such event the sa~d ag~
gregate s~m mentwned in said p?a*ussory note then remaining unpa~d, with interest au~ued, and atl mon~ys secured hereby, shall bccome due and pay-
abie forthwit6, w thereaiter, at the option of faid MORTGAGEE, as (ully ard completely as if all of ~i,e sa~d sums e+ money were ong~nally staFu:ated
to be pa:d on such d:y, anything in sa:d promissay note or in this Mwtgage to the conrrary no~withsta:ed~ng; o~~d ihereu~wn w thereafse~ a~ ~he op~~on uf
s>~d MORTGAGEE, without nohce w demand, suit at law a in eqwty, therefare or thereai~er be:g~n, may 6c ~trosecu~ed as Si iJl moneys secured hereb~
nad matured pnor to ds institut~on.
7. That in the evc~f fhat af the beqinning ol or at any lime pend~ng any sv~t upon this Mortgage, o? to foreclose il, or to reform it, or to enforce
payment of any claims hercur.der, uid MORTGAGEE shall apply fo the Cour1 having ~~r~sd~ct~on the~rot ~er the appo~ntment of a Receive~, wch Coun iha~I
forthwith appomt a receiver of said mortgaged prooerty all and singuta~, indvd~ng alf and a~ngu~ar fhe inco~ne, prol~+a, issves a.+d revenuea fro~n wh~te~e~
source derived, each and every oi wh~ch, it being express~y unde~srood, ia hereby mortgaged as ii spec~f~calty se~ fmth and descrlbed in the gra~hng ar.d
habendum clsuses hereof, and such Recei~n sha~l Mve all the broad and effecfive funcf.o~~s and powers in anywise erorusted by a Cowt ro a Receiver, and
i.ch sppoinfinent ahat! be made by such Court as an adm~tted equity arxi a matter of abso~ule righ~ to said MORTGAGEE, and without relerence to the
edequacy a inadeq~acy of the vatue of the property mortgaged or to the so;vency o~ ~nsoiyency ~f said J4lORiGACiOR o~ the drSende ~ts, a~d that svch
renrs, profits, income, issues and revenues shall be applied by such Recerver accord~ng to the lien or equ~/ Qf said MORTCaAGfE and the pract~ce of such
Court.
8. To duly, promptly and fully perform, discharge, exec~te, eFiect, complete, comply w~th and abide by each and every the sHpu(atioos, agrcements,
cond~tions and covenants ~n u~d promissory note and thfs mortgage set forth.
9. That in the event the ownership of the mortgaged premises, or a~y part thereof, ~ecomes vested in a person o~her than the MORTGAGQR, ~he
~+pRTGAGEE, ~u successors and assigns, may, without oot~ce to the MORTGAOR, deat with s~ch successor or successw ~n interrst with refrrence to this
me~~gage and the debt hereby secu~ed in the aame manner as with Mortgago~ wrthout in any .vay vit;ating o~ d~scnarg~ng the fAortgagori Iiabil~ty he~e-
~eder or upon the debf hereby sec~red. No sale of the prem~ses he~eby mortgaged and no 1o~bearancr on the part of the /dORiGAGEE or its svctessors
o~ ass~qns and no eXtens~on of the time fw the paymem of the debt he.cby secured grven by the MORTGAGEE or its wccessws or ass~gns, shall operote
~o re~ease, d~scharge, modify change or affect the orig~nal liab~l~ty of the JY,ORTGAGOR he~e~n, e~ther in whole or in part.
10. It is spec~fica:ly agreed that time is of the essence of rhis con~ract and that no waiver of any ob':gat~on hereunder or o! the obligatio~ se-
cured hereby shaG at any time thereaher be held to be a waiver of the terms hereof or oi the inslrument secvred herby.
11. In zdd t:on to the forego:~g moMh!y payments of pri~t pat and interest requ~red by the prom sscry no'e sccurad bi~eb~, mortgagor covenants
a~d agr_•es to pay to mo:tgagee v~ith each momhly paynient an add~r~ona{ sum est~n,ated by mortgagee to be equai to 1, 12 of the annual cost of the follow-
'
A-A!I rea~ a~operty taaes levied or assessed agai~st ehe above desaibcd rral estate. '
l 6-Fr~~ ~s on fire and windstorm inswance as herein requ:red to be carried en the :mprovements sftuate on thc above de5cnbed premises.
i
C-PreT;u•^~s o~ wch m.ortgage guaranty ir.surar:ce as mortgagee sha~l fra~c t me to tune drem fit to carry on the Ioan srcured hereby.
~ Mortgagee s^a': f~cm t~me to Gme not~fy mo~tgagor ~n •w~r~t~rg of the amou~t d~e and payable he~eundr~ and such w~~ sh~:4 thereupon be due a:~c1
~:ab~e on rhe e+~e oa+e of the ne~er month:y payment and each successive n,o~~ih thereait,r u~:~il mcrrgagee shall not~(y m.o•tgagor of a chan~e in such
e• ount. S~ch sums s~~a ~'ae app~izd by mortgagee ~oward the payrnent of real property taxes, ~nsurance prem.v:ns, a~id mortgage g~araMy ~nsurartce
: •eTiums.
IN WITNESS V:HERcOF, ~he sa~d MORTGAGOR has hereunro set his ha~d and sea) the day and year first afor saed.
Signed, Sea!ed nd delivcred in-the p~esence of:
E /ILED A'ID R~CQR~~i4 D~~ rs.~l)
; ~ ii. ~uc?~ couN~r ~~t (Seef)
ROGE~ POITR?g ~~r--
- - CIERK CIRCl11T CQtlp~ ~ - !et_f~G~~<C~-~ cse~~)
lIECORD VER~FIFD (Seal)
S":+TE OF FLORIDA ! S~'~ ~ 3S
~~ur~rr oF St• Lucie i ss 215582
Befwe me personally appeared _ d• B. ~~tA2'S _ snd
~1~6CA IAI8ZL6T$ - h~s wite, to me well known and known to me to be
~~~r ind~vidual~ described in and who executed the forey~oing inst~ument, and acknowledged be(we me that they execvted the same for the purposes
rho.tin eapressed. And /he faid A11~BC@ W81u@1'8 _
«~e of the ~aid - - B• ~lte~ upon a separate and privat~
e,em•n~t:on by ~ze ta~en separate and apart from her said husbarsd, acknowledged to and befo~e me that she executed said inartvenent ireely tnd volun-
~ ~e•~~/ and w:thout •ny compvlsion, constraint, apprehens~on,~or (ear of or irom her said husband.
L Se tember ~
WITNESS my hand and ofFiual seal th~s._ _ _ _ dsy of_ _ j~' _ _ _.~ti~;;~y:~,4,~.
~ _ ~ ~ - - ~i' i
Notary Pubtic in and fw the tate of'~ ~'r.
~ My Comm~ssion_ eapires: ? ~ • • • i
Retum To: ~ , ~ ;
~ i~rsr Fedcr~l Savi.gs d. Loan Aswciat,on 1 - •
O} fG.t F.r(. r • •4
= ~ •
Fort hcrte. i 1or~de
. . . - 1
: T i" ~ y.lG. •
~ .
Th~s Instrument Prepared By ~~}t8,rd Kaysa i
F~rst Federal Savings b Loan Association ~
of Fort Pierce ~ jrjp~d~ ~~0~ ~
Checked 6y L$-._ _ _ _ - _ _ ;
~
1
. 1 ia . ~
_ ~
- _ _ ~