HomeMy WebLinkAbout2064 3. To plac~ ~nd cominuously kNp oo tht buiidinqs now w I+aeafte~ ~itwt~ on ~o~d land ~nd on all cquip~nenl and pertonelly tovered by ~hi~ ma~g-
~q~, wilh all premivm~ Ihrreon pa~d in (uU, liro inw~ance in ~he usual ttandard po'ity foim, in e w~n approved by ihz MUR~IrAGEE, and windito~m
iniur~ac~ in th~ uswt sundard pol~cy 1am, in • 1um app~oved by ~h~ MORTGAGEE, in ~uch ca~~pany or compan~es as ~he MORTGAGEE may
diret~; •nd •II (in and wind?ro~m in~urance polic~ss on •ny of ~aid build~~ps, a~y inlereel IherCin ot parl lhereol, in ~he aggrcga~e wm afaesaid o~
In txt~~~ Ihereo(, sl+ali ca+tai~ fh~ usw~ standard mo~~y+9~s clau~s or such othe~ ctauie af the M~rtqagee mey requ~re, m+?~np ~1~e io~s under •d~d poir
cies, each ~nd ~very, payable ro s~id MuRTGAGEE as its interest may ~ppear, and each and every such poi~cy sheil tx prompt~y as~ yned a~~d dclivercd ~o
•ny held by said MORiGAGEE as (urther iecurity to sa~d ma~page debt, a~d, not less Ihan ~en (10) dayt in ad~ance ol the expuat~on of each poGq, to de-
11vs~ 1o ta~d 1NORTGAGEE a r~oewal ther~of, toqether with a rete~pt for the prcmwm o) s~ch rc~.ewa~; and there shall Ge ~w Lre ur w~~~ds+o~~n ~nsurance
plKed on ~ny ol ~aid buildinfls, •ny inlerett Ihe~ein o~ parl lhereo(, unless in the fonn and w~th ~ht loss payable a~ a(eresaid; end in tht evenl any •um
of money becomei p+yable vnda such policy w'polKias aid MORTGAGEE ~hell havs ~he ophon to receive und apply the san~e on accoun~ o( the i~x?ebtrd-
nesf secured hereby a ro pe~mil said MORTGAGORS to reteiva and use it or any pm~ ~i~:cof lor osn•:r p~r~ osrs, t~~~h•,.:t ih ui w::+~~ c. ~~~~p.+~-
iny any eQu~ty, lien w ripht under o~ by virtve ol this inor!~age; and in tM ~veN ?a~d MO~TGAGORS shall for any reason (ail to kcep ~he ta~d prcmisei io
inaured, or fail fo deliver promptly any of said policits o1 insur~nce to said MORiGAGEE, or lad ~+omptly fo pay 1u~ly any pre~+uum therelo~ or in a~y
resped (ail to ptrtorm, d~uh~rge, eaecvte, ~fiect, complete, comply witA a~d sbide by this covenant, w sny part hareoF, sa~d MGRiGAGEE ~nay place •~~d
pay (a suth insura~+t~ a any part tAereof without waivinp ot e(Fectinp any ophon, lien, equity, or right under w by virtue of ~hif Mortgsge, and ~he
ful~ a~novM ol eath ~~d ev~ry svth payment shalt be immed'utely due and payable and shall bear interest fiom tha date thcrcof un~il pa~d at ihe rate ot
n~ne per centum per an~um and to~etner with such interest shall be secured by Ihe lien oi this mortqage.
1. To pamit, tommit p sufier no wa~te, imp~i~ment or deteraret~on o( sa~d proFetty o~ any pa~t thereof.
S. To p+y all and sing~lu fhs costs, cMrges and expensei, includi~g a reasonabte anorney's 1ee and coi~s oi abs+racts of t~t!a, incuned or pa~d a~
any time by wid MORTGAGEE, betavse or in Ihe evsnt oi the failuro on the pa~t of the said MORTGAGOR to d~ly, pro~~~p~~y and f~tly perfw+n, d~?charge.
execute, etFect, complet~, comply with and ab:de by each and every the ~tip~,lanons, agreemc~~~s, cond~~~ons, aMl cove~~ants oi ~a~d p~om~isory nate and ~his
mort9aps any or e~tha, and uid cosh, char9ei +~d expenses, each and every, shall be im~nrd~ately due and payable; whe~her o~ r.ot rhere lx ~o~~ce d~
mand, attempf fo co~IKf or suit p~nding; and tM fu11 amount o1 each and every such pa~meo~ shall bear ine~res~ irom the date thereof until pa~d at tht
~.+ie o! ~ine Exr centum per a~~ium; a~u! aIl seid costs, char9es and expenses i~xurrrd or pa~d, togctl~er w.th such mte~rsi, shali be aec~red by the ?~en of ~h~i ~
mOtf9syl.
b. Tha~ (a) in the event of any bresch of th~s Mortgage o~ default on ~he part ot the MORTGAGOR, or ;t>1 in ~he event any of sa:d sums of money
herein referred to be not promptly a~d lully paid within th~rty l30) days ~exf airer the senu severalty become dve a~d RayaWe, wn?wut demend w norice,
or (t) in the event tath and evtry Ihe stipul~tions, agretments, cond~tions and covenanta o} sa•d pranissory note a~~d th~s rtwrtgagr any or rither a~e nol
iuly, promp?ly and futly perfwmed, d~uM~ged, e:ecuted, effected, ca»pleted, compi~ed w~~h and ab~ded 5y, then m e~~he+ o~ any such evem 1he sa~d aQ-
g~egate sum mentbned in said prorniuwy oote thm ~emaining unpa~d, with interest accrued, and a~l moneys securrd hereby. shap become due and pay
able forthwith, w thereafter, at the option o( said MORiGAGEE, as (u~ly and complerety as il all of ~he sa~d sums of money were w~g:naily s~~pu:a~rd
ro be pa~d on such day, anythinq in sa',d promisswy note o~ ~n th~s Mwtgage fo the contrary notwithst~nd~~w~: and there~pon or ti,ereaSrer at the op~~on of
sald MORTGAGEE, w~thout norice o~ demand, su~1 at law w in equity, thaeFore or the~eaf~er begun, may be prosecwed as if all mo~eys setured he~eby
nad matured pr~w to ~ts institution.
7. Thst in the event thst at tFro begin~7ng of or st any time pendi~g any :uit upon ?his Morlgage, or to (weclose it, or to reiorm it, or to rnfwce
payment of a~y tlaims Ae~eunder, wid MORTGAGEE sMll appRy to the Coun having ~w~nd:ct~un the~rol fo~ the appo~m~ent of a Receiver, such Cwrt shall
Forthwith appoin! a rece~ver of aaid mortgaged prooerty all and singular, inctud,~g alI and s~~+gu~ar the irtconu, prof~ts, issues and revrn~rs Irom whatever
so~~ce derived, each and every of whi<h, it beiry express~y unders~ood, is hereby mor~gaged as ~f spec~ficaily set fo~th and descnbed i~ the g~am~ng and
haGe~dvm dauses hereof, and such Receiver shall have atl the broad and effecnve fu~ct.ons and po~+erf in anyw~se entr~sted by a Cou~t to ~ Receiver, snd
s..ch appointment shall be made by such Court as an admitted equity and a matter ol absotute nght to said N~ORiGAGEE, and v~iihc~+ ref~rence to the
adequacy w inadequacy of the v~tue of the prope~ty mwtgaged or to the so~ve~cy or ~n5ulvCMy of sa~d ktORTGAGOR or the de}e~~dants, and ~hat such
rems, prof~ts, incomc, issues and revenues ahall be applied by such Receiver accordmg to the I~en or equ~ty of sa~d MORTGAGEE and the p~acbce of wch
Court.
8. To duly, promptly and fuUy perform, discharge, execute, eff~ct, complete, c.xnply w~th and abide by each and eve?y the ttipulations, agreementa,
conditions a~d coveoants i~ sa~d promissory note and this mortgage set forth. ~
9. That in the eveM the ownership of thr mortgsged prem~ses, or any part thcreof, becomes vested in • pe,.,sQt? A~~ lhan the MORTGAGOR, the
h1QS2TGAGEE, its successo~a and ass~gns, may, wi~hou~ no~~ce to the MORTGAOR, deal w~th such successo~ o~ .successor in ~ teies~ with refe~eoce to this
mo•tgage and the debt Aereby sKUred in the lame manne~ as with Mu:tgagor witAoN in a~y way vit:arir.g M d~scharg~ng ihe Mort9agors' liability htrr
u~de~ or upon the debt hereby secured. No sale of the prem~sea hereby mo.tgaged and no forbearance on the part o~ ~he I~10R1'vAGEE o. ifs wccessors
o. asa~gns and no extens6on of the time fw the payme~t of the debt hereby sx~red given by the ti10R7OAGEf or its successors w ass:g~s, a~wll operate
ro rNease, d~scharge, modify changc o? affect the orig~nel lian:l~ty of the IJARTGAGOR here~n, either io:`whole or in pa~t.
10. It is spec~fically agreed that time is of the essenct of th~s contract and that no waiver of a~y ob~~gat~on hereunder a oi the ob~iyation sr
cured h~rebr sMlt at ~ny tims thereaher be held to be a waner of the terms hcreof a of tFx ins~r~mem secured he~by.
11. In add.tio~ to the forego'ng monthly payments ot princ pai and enreres~ requhed by the promss:,ry nore sec~red hereby, mortgagor covenants
and agrees to pay fo moctgagee with eath moothly payr~ent an add~rional svm esn:nated by mortgagee to be eqvai to 1- 12 oi the ann~al cost of the follow-
ing:
A-All reai property taxes ~eried or assessed agai•~st thc above described real esrate.
B-Prem~ums on f,re and windstorm inw~ar.ce as here~n requ;red to be ca~ned en the :mprovements s:tuare on ~h~+ above desv~bed premises.
' C-Premiums on such mortgage guaranty ir.surance as mo~tgagee shafl from t me to time deem fit to carry on the tean secured hereby.
Mortgagee shal~ `rom t~me to t~me norify mortgagor ~n wr~r~ng o( the a~r,o~~t d~e and payable herevndrr and such sum shail thcreupon be due and
I ; avable on tF~ due date of the ~+eat mo~th:y payment snd each success~ve month thereafrcr untii mcrtgagee shaU not:fy mortgagor af a change in such
~ e• ount. Such sums sha:i be a lied b mort a ee toward the a ment of real ro rt taxes, insurence rem.ums, a~id mort a e uarant insurance
PP Y 99 FY D~ Y P 99 9 Y
~~~emiums.
~ IN WITNESS Y~HER~OF, rhe said MORTGAGOR has hereunto set his ha~~d and sejl the day and ytar first atoresa~d.
p Signed, Sealed and tivered in tF+e p~esence of:
~
erbert J. M low ~x~~~
~ _ ' ~ (Sea1)
L ldred M. rlow ,~,q
SYATE OF p~j~~~~.~L/~/Yl~"- ~ ~
~OUNTY Ofi' ~~-~~l~- `i ~ _
~ Befwe me personally appeared Hezber t.J . Mar low •nd
Mildred %H. ~ZIOW _ his w~fe, to me well known and knewn to me ro b~
rhe individwis deur~bed in a~d who eaecuted the foregoiny instrument, and atknowicdged before me that they e:ec~ted the same for the purpoxs
~ ' thertio ~,R.~xd. n~+d ~h. u~d Mildted M. Marlow ;
,~~fe of the ..~d - Herbe rt .1 . Mar low _ upon a sepas~te and priwt~
e,am~na+wn 6~r ~~1i! Npa~aN ~nd ap+rt fiom her said husbsnd, ~dcnowledged to •nd befwe me that she executFd sa~d ins~rvme~t freely and volun- j
!a•:~y and wll~~~ ior1, to~straiN, apprehens~ ar of or from her said husband. ~
Wlt •~idjpf~ttJ~ ~Mt thii _ day of September A. o. i9_7~. ~
'•.r i{
~ vwa ~ ~,~~~~Cj~~~~~ % . E~C~ 3
•
-t `~`s ~ 5 Norary blic in a or t
~ : ; l~~ ' YYt , ~ My C m~u
: ~ ~ h ' ~~~{~ItEtSS , MOIARY PUtlIIC
- ~ ' ~ ~ MEDtA 80ROUG!~
~ first Asajtiation . DELAWARf COf1HTY
~ • M? CpMy~ gSIQA f.XFlkEC IAN. 7. l975 '
~ ~.'F,' ; ` tdemD?• Pent~~(id0~~~~f t
~ t ~x,
j ST. LUCIE COUATY flA.
. ROCER POITRAS
~ ~N'!~~~' CLERK CIRCUIT Cp~RT
.
RECORO YER?FIEO ` ~
This Instrumen~Prepared By John W. Co 11 i n s ;
First Federal Savings E~ Loan Association ~'T 3 11 PM ~T' ~
of ~ort Pierce ~ F loi i da
~
Checked By ~~c
~ BOOK1~ PACE~~
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