HomeMy WebLinkAbout2142 3. To piace and co~tin~ously keep on the buiiding~ nuw o~ Aerea(ter s~toate on :a~d land and on all cqvipment and penonally cow~ed by this ma !
ege, witb aU premiums lherco~ pa~d in full, f~re insurance ~n the utuat sta~ulard poficy torm, in a sum apprcved by Ihe MORiGAGEE, and windsto
inw~ance in Ihe usual s~andard pol~cy iorm, io a sum appr~red by the MORTGAGEE, in iuch company or tompanies as ths MORTGAGEE m
d~rect; and afl (ire and w7ndstorm inwronce policies on any of sa~d build~ngs, a~y ir.tere~t therein or pai~ thereof, in the aggregate tum afaetaid
in exce~s Ihereof, shatl cootain ~he usual standa~d mo~~gagee clause or such othe~ clause as ths llRatgagee may requ~rs, making ~he loss unde~ sa~d po
ues, each and every, payab!e ~o said MORTGAGEE as its interrsr may appea~, and each ar.d eve~y sucF~ po~~cy ~hall be p~ompHy ass gned a~d delivered ~
any held by ssid MORIGAGFE ss iur~her securi~y to sa~d mo~tgage debt, and, not tesa ~han ten (101 days in advance of the expirotion of esch policy, to d.
liver to said MORTG/1GEE a ~enewal thereol, toge~her with a rece~pt fo~ Ihe prertiium of such renewat; and thnre shatl be no fi~e or windsto~m infurant
pleced on any of said bu;!d;ngs, any i»ierest ~here~n or part thereoi, uniess in the (orm and wiih tfie loit payable aa aforesaid; and in the evem any sun
of money (x~pmes payable under such polity a poLciea said MORTGAGEE shall have the opl~on 1o rece~ve and apply the same on accounl ot the indebted
ness secured hereby Or to permit said MORTGAGORS ro receive and uss it or any parf th~reof for otner purF~oses, withoot ~h_~~o/ waiving er m~pair~
ing any equity, licn o~ right under or by virlue of this mo::gagc; and in the avenl ~aid MOR7GAGORS shall tw any reason fail to keep the said premises so
iniured, or fail to deliver promptly any of said pol~cies cf insuran~e to said MORTGAGEE, w(ait promptly fo pay fully any p.e~nium therefw or in i~y
respece fail to pertam, discharge, execute, ef(ec~, comple~e, comply wi~h and ab~de by thi~ cove~aN, or any par~ hareof, sa~d A50RTGAGEE may place and
pay iw such insurance or sny part the~eof without waiving w aifec~ing any option, lien, equ~ty, or righl ur.der m by virtue of this Matgage, and the
fult amount of each and e~ery such payment sha!! be im~nediately due and payable end shall bea~ interesf f~om the date thereof umit paid at ~he rate of !
n;ne per ceNUm per annum and toacthcr with such interest shaii be :rcured by the lie~ of this mortgage. f
To permit, commit or suifer no wa~te, impairment w deterioration of said property w any part thereof.
5. To pay ell and singutar the costs, charges and expenses, +nctuding a reasonable attorney i fee and costi of abstracti of title, incurred or paid a1
any time by said MORiGAGfE, because w in the event of the lailure on the part of the said MORTGAGOR to duty, promptiy and fully perfwm, d~xharge,
execute, ef(ect, complete, comply wdh and ab:de by each and every the st~pulat~o~s, agreemems, conditions, and covenan~s of said promiswry note and thi~
mortgage any or eith~v, and sa~d costs, charges a~d expenses, each and every, shall be immediately due and payable; whether or not there be notice dt '
mand, attem t to co1led pr suit nd~n and the full amount of each and evM such `
P pe g: y payment shall bear interesl }rom the date thercof until paid al the
r.ite of nine per centum pcr am~u~r, and aH said cos~s, charges ar.d expenses int~rred w paid, logether w~th such interes/, shall be secured by the lien of thi~
mortyaga.
6. That (a) in the event of eny breach of this Mortgage or default on tFc part of the tJIORTGIAGOR, or (b) in the event any oi in+d suma of money '
i
herein referttd to be not pranptly and fully paid vvith~n ~h:cty (30l days next aiser the same severa;ly betame due and payable, without demand or notite,
or (c) in the event each and every the stipulauons, agreemerits, tondlr;ons and covenants of sa~d premissory nme and th~s mortgage aoy w eithe? are not
~uly, promptly and fully performed, d;scharged, executed, efFected, canpleted, compl~ed w~th and abided Sy, then in eithe~ or any such event the wid ag
~regate sum mentioned in said promisswy note then remaining unpaid, wifh iorere;~ accrued, and all morr¢ys secured hereby, sball become due and pay-
aeie lorthwith, or thereafter, at the option of said MOR1GAGfE, as fully and completely as it all of the said sums of money were oriyin~lly ttipul~tcd
to be paid on such dey, anything in sa:d promissory note or in this Mo~tgage to the contrary notwiths~anding; and the~eupon w thereaftev at fke option of
safd M,ORTGAGEE, without norice or demand, suit at law or in equ~fy, tbercfwe o~ thereafter begun, may' be prosecuted as if ~II mon~ys secured hereby
had mdturEd pnw to its institutfon.
7. That in the event that at the beginning of or at any time pending any suit upon this /Nortgage, w to foreclose it, or to refo~m it, or fo enforce
payment of any ciaims hereuRder, said MORTGAGEE shall apply to the Cou~f having jurisd;ction the~eof tor the appointmenl of • Receiver, such Court shall
for~hwirh appoint a receiver of said mortgaged prope~ty aU and singuiar, includmg all and s~ngutar the income, prolits, issues and revenues from whatever
source de~ived, each and every of wh~ch, it being expressly unders~ood, is F,ereby m~rtgaged ai if spec~fically set forth and deK~ibed in the 9ranting and
habendum dauses hereoF, and such Rece~ver shall have ai! the broad a~d effective funct~ons and powers in anywise eMrusted by s Court to a Receiver, and
s,.ch appointment shatl be made by such Court as an admitted eq~ity and a msner oF absolute righ~ ro said MORTGAGEE, ~nd withaut re(erence• 1o the
edequacy w iRadequacy ot the value of fhe property rnorrgaged or to the so:vency or ;~tisoiventy o( said AWRiGAGOR or lhe defendant~, and tFiet such
rems, profits, inco.ne, issues and revenues shall be appiied by such Rece~ver accord~ng to the lien ot equety o4 said MORiGAGEE and Ihe jxactice of such
CouR.
8. To duty, promptty and fulty perlorm, d~scharge, exe:ute, eFfect, complere, comply w;~h and abide by each and every the sfipulatioru, agreementt,
conditions and covenants in sa~d promisswy oote and thls m;xtgage set forth.
9. That in the event the ownership of the mortgaged pren,sses, or any part thereof, becomes vested in a person other than the MORTGAGpR, the
MORTGAGEE, its suctessors and ass~gns, may, without notice to the MORTGAOR, deai with such suctessor or successor in interest with reference fo this
n,orfgage and the debl hereby secured in the same ma~iner as w~th Mortgagor without in any way vit~ating w discharging ihe Mortgagors' liability Frerr
under or upon the debt hereby secured. No sale of the Fremisas he~eby mortgaged snd no fwbearance on the part of the MORTGAGEE w its successors
or a:signs and no extension of the t~me fw the payment of the debr hereby secured given by tfx MORTGAGEE or iti
a4ccessas or ass~gns, slatl ope~ate
ro retease, d~xharge, modify change or affect the orig~nal liab~l~ty of the MORiGAGOR herein, either in whole w in part.
)0. It is speufically agreed that t~me is of the csunce of this contract and that no waiver of any obligation hereunder w of the obligation se-
cvred hereby shaN at any time thereafter be hetd to be a waiver of the te~ms hereot u of the instrument secured herby.
i 1. In add:tio~ to the forego ng monthly paym~nts of princ pat and in+erest requ~red by the prom~ssory reore secured hereby, mortgagor covenants
jnd agreea to pay to mortgagee v~ith each momhly payrnent an aod~~ional aum estin:ated by mortgagee to be equal to 1; 12 of the annual cost of the follow- i
ing: • t
A-Alt real property taz.s tevied or assessed d53i^.st rF.c a6ove described real esrate. ~
B-Prem~u=ns on fiie and windstorm insuracce as herein reqo.r¢~ to be carriEd on the improvements situate on the above described premises.
C-Premiums o~ such mortgage guaianty inwra~~ce as mortgagee shatl from t~me to time deem (it to carry ort the loan setured hereby.
Mortgagee sha?I from time to t~me nonfy mortgagor ~n xnting of the amount due and payabfe hereundar a~d such sum shall thereupon be due and
c.+yable on the due aate of the next momh!y payment and each s~ccessive month thereafter untii mortgagee shall notify mortgayor of a change in tuch
a-•ount. $uch sums sha~l ~ apptied by moregagee toward tl~e payment of real property tazes, insurance prem:ums, a~~d mwtgage guaranfy insurance
p•emiums.
!N LYlTNESS WH E F, the id MORT GOR has heteunto set his hand and seal t day and year,~irst afweuid.
' npd, Se led a d d i" er i the pres e of: _
F~IED AND AECOROfp -~G~: C' ~ ~~i-~~.
- - ST. ~l~CiE COUNTr f~A. - ~+4
RG~ER PJtT11A$ c - l•C/aP.Q/lf'~~ rs.a4
CIESK CIh~~~~T COUA1 ~
- RECORD VERlffEp ~ (Seaq
$EP ~0 2 S8 ~H ' 7 + cs~a~
SiATE OF FLORIDA ~
couNrv oF St. Iucie u'
'j Before me personally appeared _ ~O G'. ~8V@P , ~
~ Ifildred L. Weaver - - ~
his wi1e, to me well k~own •i~~litwwq, ~d ~~i'
+he ind;viduals described in and who executed tF~e fwegang instrument, and acknowtedged before me that they executed ;s'~tpr Nii,
~ ~q~.
rherei~ eapresud. A~d tht said Mildred L• ~BBVAP - ~
wife of the said _ ~O L'. W@8V91' ~~Al1'~P~~~fe ++~~fAht~+ ~
e¦am~nation by me taken aeparate and apart irom her said husband, atknowledged to and be(ore me that she e:ecuted said ~~n1 ketly ~ vbl ~
ranly and wethout any compulsion, constraint, apprehens:q~ or fear of ot from, her said husband. , ~
Y S6 1' ' 'f ~ :
WITNESS my hand and offiral seal this_ ~day of ~ • y~~; !
' ~ ~ y - ~ ~ ~ =-;r+~ ~
STATE OF FLORIDA ~ ~ ~~4 .
/ Notary Fublit ~ ~'{yi d '!!r~ ~11~ ~
~OUN?Y OF .~i • Ta1LC~e ~ 3- ~ - 7~ My Commisaion M~ir~s~<~ . . , _ ~,fi:(1 ~ ;
..~-~~n • ~ f. 4.
~Ztr'.... _ - : l _
- •
Befo~e me personaUy appeared Jerame ~i8b~6~ A Bi~@
to me well known
rhe individual~ described in a~d who exetuted the fwegoing instrumeM, and acknowtedged befwe me that ~he~ executecVfii~l~~~, a pof~s
rherein expressed. . •'~f "
][~1C~~ ' . r
Y ~ ~ li
WITNESS my hand and olficial sesl this_ ~ • ~•r~ti~ ` 0`9~
day of
. . . s ' ~ -.r-. Y `1^`' :
~ Checked B~__ No1a Publcc in s~,d for e St of
~pnd~ ~t
y My mission ~apires: ij . '
j `Phis instr~ment prepared by J. D. Chastain T - ~S NOTARY PUBUC SY '?L'?~~~~~~dR1DA AT URG~ ;
' ~ irst Federal Savings and Loan Associ,ation of Fort Pi,e rce, F~OridB M.Y COMlAISSION E~(t+~ ~-~~.~i~s. 2, ig~~
.ENERAL INSUA~l~E U bERWRITERS, INC. ~
; ' bOQK 195 PAGf 2~4Q ,,J ?
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