HomeMy WebLinkAbout2150 3. To p~ace and tonti~uously keep on Ihe b~i'c1~ng~ now or hercafte~ siruate on said land and on all cquip~nenl and perwnally tovered by this ma
sge, witb ~I) premiums thereon paEd in fufl, firc insuronca in the usual s~a~xi~rd policy (o~m, in a sum approved by the MOR(GAGEf, and wind~to
insuronce in the uswl sta~Jard pol:cy form, in a sum appro~ed by the MORTGAGEE, in such canpany or tompanies a~ 1he A10R1GAGEE m
dfrect; ~nd aH (ire and wtndsro.m insurance polic~es an any ol seid buildmys, any interefl therein or part ~hereof, in Ihs aggrepa~e tum ~loroaid
in eaceu Iherawf, ihall co~rain tha usual s~a~edud morigagee dause or such other clsute ~s ~he Mortgagee may rcqu~r~, makinp the loss under sa~d po ~
c;es, each and every, payabte ro said MORTGAGEE a~ os in~rresr may appea~, and each and every svch pohcy shsll ba prompily ~ts g~ed a~d delivered ~
any held by uid MOR(GAGEE as (u~ther security to said »iorigega dcb~, and, nol leis than tcn (10) dayt in advance of the papirat~on ol each polity, to d~
I~ver to said MORTGAGEE a renewal Ihereof, toge~her wi~h a rece~pt for Ihe pramium of such ~enewal; and there shal! be ra fi~e or win.~sto~m i~suwnc
placsd on any of ia'rd bui}dirgs, any intr.est therein or pa~t ~hereof, untess in the form arxl with the loss payable as aforeu~d; and in the event any sun
of mpney becomes payable ur?der such policy w polrcies said MORiGAGEE shall have ihe oplion to receive and apply 1he ume o~ atcou~t of the indebfed
neas secured he~cby w lo permil sa~d MORTGAGORS ro receivc artd use it or any p.vl thercof for othcr purposrs, w~thout ~h-r~i~y waivi~~g or m~pair
ing any equity, lien w righl undrr q by virtua oi thi~ mo::gaga; and i~ Ihe event iaid MORTGAGOkS shall fa any reason (ai) to keep Ihe said prem~ses so
insvrrd, a fail to deliver pranptly any of said pol~cies of ins~~ance 1o sa~d MORTGAGEE, or fail promprly to pay fvll~ any premium lheraiw p in any
reipect iai! lo peaform, discha~ge, execute, el(ed, comptetu, co+nply wi?h snd abide by this covenant, o~ a~y parf hrreoi, said MORiGAGEE may plate a~,d
pay fp suth insurance or any part thereof without waiving w a(fecting any oplio~, lien, equity, or right under pr by virtue o( this Mortyage, and Iht
full amouM o( each a~d e~ery suth psyment shall be im~nediately due and payable ind eha:l bear interest from the date ehereof until paid a1 the rate ol
n~ne pe~ centum pe~ annum and toae!her with such inte~est shali be srcured by the liee of this mort9age.
To permif, commit or su(fer ~o waste, impairrnem w dclerioration of u~d property or any pa?t thereof.
S. To pay all and singular the c~ts, charges and expeines. ~ncluding a reasonable attwney's fee and costi of abstratts of tiHe, incuned or paid af
any time by said MOR~GAG:E, because or in fhe event of the failu.e on the part of the said MORiGAGOR to duly, promptly and fully perform, d~xharga,
execute, elfect, complete, comply w~th and ab:de by exh and every the stiputahons, agreements, condi~ions, and covenan?s of ~aid promi~so~y note and ~his
.i~ortgage any w e~the~, and sa~d costs, cha~ges and eapenses, each and every, shall be immediately due and payeble; whrther p nol there be notite do-
n,end, attempt to cotlecl o~ suit pend~ng; and ~he tull a~noum oi each and every svch paymenl shalf bea~ interesf from Ihe date thereof until paid ~I t1+e
t~ of nine per centum per an~~urn; anc; all said cosrs, charges and expx~~scs incu~red o? paid, together w~th such interest, shsll be secured by the lien of this
mort9age.
6. TF~at (a) in tt~e even? of any breach of ~hit M«tgage o~ default on the part of ~he MORTGAGOR, or (6) in the eveM any ~of ss~d sums of mone~
herein re~erred to be not promptly and fully paid wirhin thirty ~3J) days ncx~ attcr Ihe same severa;ty become duc and payabte, without demand w notite,
or (c) in~the evem eacA and every the zNpu:ations, agreement~, cend~t;ons and covenents o1 sa~d promiiwry note and th~s mwtgege aoy w e~~~+er are rwl
ivly, p~o,npNy a~d futly perfo~med, dscharged, executed, efteued, canpleted, compl~ed w~th and abided 5y, then io rither w any such event the sa~d ag
~regate sum mem~oned in said promissory note thrn remaimng unpa~d, with intrrest accrued, and al! money~ secured hereby, shsll become due and pay-
eb:e forthwi?h, oi fFxreafter, at the option of sa~d MORIGAGEE, as iuily ard completety as il all 01 ~he said sums of money were wiyinally slipvlated
to be pa~d on such day, a~ything in sa:d oro~n~ssay note or in this Mortgage to the contrary notwithstandn.g; and thereupon w thereafte~ af rhe option of
sa~d MORTGAGEE, wirhout rtor~ce or demand, suet at !aw w in equ~ty, tberefore or thereafter begun, may be prosecuted as if all mooeys secured hereby
n, d maturKl pnpr fo ds instituhon,
7. ihat in the event that at the Fxginning o{ or at any time pending any su~t upon this Mortgage, or to fweclose it, or to reform it, or fo enfwp ~
t~avment of sny claims hereunder, said MORiGAGEE sha11 apply to the Cewt hav;ng ~u.nd:c~ion thereo4 for the eppointmeM of a Receiver, such Coun shall ;
rorthwith appoint a rece~~er of said mortgaged propert~ all and sing~lar, includ~ng all and singular the income, proKts, issues and reve~ues from whatevet ~
s, u.ce derived, eath and every of wh;ch, i~ beu.g express!y understood, ~s hereby morrgaged as if specificaity set forth and dewibed '+n the g~anting and
h3bendum clauses Fxreof, and such Receiver shalt have all the broad and effect~ve iunct,ons arxl powers in anywise emrusted by a Court to a Reteiver, a~d ;
:~ch appointme~~t shall ~ rrsade by such Court as an admltted equity and a maner oi absolute nght to aaid MORTGAGEE, and withouf reference to the
a:fequxy or inadcquacy of the va~ue of rhe property mo.tgaged or to the so~vency or ~nsofvency ot said MORiGAGpR or the deiendant~, and that such
re~rs, profits, incane, issues and revenues shall be appl~ed by auch Rece~ve~ accord~ng to the lien ot equity of said MORTGAGEE and the practice of such j
Court. -
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8. To duty, promptty and futty perform, d~scha:ge, execute, effect, complere, cornply w;th and abide by each and every the stipulations, ~greements, ~
.onditions and covenams ~n sa~d promissory nofe and th~s mortgage sr~ forth. ~
9. That in the event the ownership of the mortgaged prem~ses, or any part ?hereaf, becomes. vested in a person pther tha~ ihe MORTGAGOR, the
1'.ORTGAGEE, its successors and ass~gns, ~nay, w~fhout nofice to the MORTGAOR, deal w~rh such successo~ or auccessor en inferest wFth re(erence to this
n•c•fgage and the debi he~eby secu~ed in the same manner as wiih 1,Aortgagor w~thout in any way vifiating w diuharging the Matgagori liability herr
w~der w upon the debt hereby secured. No sale of ~he Frem~ses hereby mortgaged and no forbearance on the pan of the MORTGAGEf a its successors
or ass~gns and no earension of the time for ~i,e payment af the debt hereby secured given by the MORTGAGEE or its successora or ast~gns, shall operate
~o re!ease, d~xharge, mod~fy change or aflect the ong~nal Iiau:Gty of the MORIGAGOR herein, either in whole or in part. -
ld- It is spec~ficaliy agreed that time is of the essence of this contract and that no waiver of any obi~gation herevnder or of the obliyation se~
cured hereby shati at any Ume rhereatrer be heid to be a wa~ver of rhe terms hereof a of the ins~rumenl secured herby.
l f. In add.tio~ to rhe foregs rig .nonth!y paym:nts of princ pa~ and i~~erest requ~red by the prom~ssary note secured hereby, mortgagor covenants
a~d agrees to pay to mo~~gagee a~ih each momhiy pay~.;ent an add~rlo~~al sum est~~nated by mortgagee 1o be equal to l; 12 of the annual cost of the follow-
A-A? real property taxes lev~ed or assrssed ag3i•ur N~c above desu+bcd rea! estate.
8-P~en:~wns on fne and windstorm insurarce as here~n req~.~ed to be carried on the im~rovements situate on the ~bove d~stribed premises.
C-Pre~n~un:s on such mo~t~,ge guaranty ~r.wra~.ce as mo~tyagee shall fro~* t;me to time deem fit to carry on the loan secured hereby.
Mor~gagee s~+ail !rom t~~ne to r~me not;fy mortyagor in w.ihny of the amount d~e and payabfe hereundrr and such surn shall thereupon be due and
:~rable on Me due dare of rhe ne~t n,onth!p paymenr and edch wccess~ve morvh thereafter until mwtgagee shall notify mortgagw of a change in such
_ ovnt. Such sums sha:l Le app!ied by mo~tgagNe iowa~d the paymem of real property taxes, i~surance prem:ums, and mortgage guaronty insur~~ce
e~emiums.
t
!N WITNESS %VHE ,*he sa MORTGAGGR has herAunto set his har.~ and seal the day and year first sforesaid. i
' nFd, Sealed a de ve~ed th presence f: '
FILEO Ah~? RECORDED ~a ~1a~~
ST. LUCIE GOUNTY fLA• • ~
- - P.O~ER FOITRAS ~,p
, CIERK C~RCUIT COURt ~ ~n ~
, RECOR~ YEqEFIEO~
- - i
S+ATE OF FIORIDA ~ 10 ~ SB PH'~ 1 ~
coutiTr oF 5t . Luc ie ? 215829
~ Befwe me perwnally appeared Ralnh C D1XOZ1
E _ DOZOLhV _C. Dixon his wife, to me well knowo and know~ fo rrk to bs
~ ~he ind;vidusla descr~6ed in and who execwed the fwegang instrurrKm, and xknowledged befwe me that they executed the same for fhe pu~poaes
~ therein expressed. And the said_ ~OrOLt'!y C. D1XOn
{ c . ~
; ~v~fe of it,e sa~d ~ Ralj~h C Dixon
~ e,aminat~on by me taken separete and apart from het said hwba~d, atknowledged to and before me that she executed sai iost~utr~r?f f~y;'bi4.~plufl- ;
j tar,iy and w~thout any tompulsion, constraint, apprehe t~pn, or fear of w f;om her said husband. ~ •~1s~ ~i~ :
Se tember ~ ~F'!'T c
WITNESS my hand and official seal this____~__,__ day of b;- 9-~-
'w
No ry Pubtic in end i the ta?s d f#fii. d l~rp~~
My Commission expires: r~;:`-~', : , ~
Retur~ To: - • _ L~~, _
fZ~Tpr'' ~ ~ . ~ - f : .
First federol $avings 6 LOan Associat:on N' . . , . " _ .l. . - „ : ~ . ~
~f FOrt P.erce. GEliet;~,L 1:,,,_ ,i v~:uG.ci1:~~ r_ • '
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:.St ~~3 r: .
, Fort P~erce, Fbrici~ ~ .
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~ This Instrument Prepared By John Collins
~ First Federal Savings 8 Loan Association
; of Fort Pierce~ Florida
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[ Checked By --e~ 1gg PA~21~8
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