HomeMy WebLinkAbout2579 3. To p~ace and continuously keep on Ihe bui:dings now or liereal~er ~ituute on ~aid lend and on all equipment end personally tove~ed by lhis ma
sgs, with all preroiums thercon pa~d ~n f~ll, fuc inwre~~<e ~n U~e ~sual sta~;d.+rd polity fo~m, in • sum •pproved by the MUkIGAGEE, and windsto
insurance in tM usual srandard pol~cy lo+m, in a sum ap~,rovrd ~y the MORiGAGfE, in such canpany or companies as the MORiGAGEE m
direc?; and sU (i~e and windstorm insurance polic~r: on any of said tw~td~nys, any in~ereal therein or part the~cof, in the aggregate sum afaesaid
in excess thrrcof, shaU coma~n ~he usual sfa~~datd mor~gegae c~ause or such other clau~e as the Mo~tgagee may requue, makinq the lois under sa~d po
c~es, each and eve~y, paYab~e to said A~ORTGAGEE as ~~s intrrest may apvea?, and each and every s~ch policy shall be promptlY +ss gnrd a~d detivered ~
any held by said MORIGAGEE as (ur~her securi~y to sa~d n~ur~9age debt, and, not leu lhen Ien (IOi days in advance o) ~he expnetion of each polity, to d~
Gve? 1o uid MORIGAG[E a rencwal thcreof, toge~har w~th a rece~pt for thc pranuum o( su<h renewal; and there shall be oo Gre or windsto~m insura~t
placed on a~y of seid bvifd~ngs, any inrorest Ihrre~n or pa~t the~eof, un!rss i~~ ~he fo~m and with the loss payable a~ aforoseid; and in Ihe event any w~
af money becon,es payablr undrr such policy w po~icies aa;d MORIGAGEE sliall have ~he opnon to receive dnd apply ~M same on account o( the indebted
neaa secured hereby or to permit sa~d MORTGAGORS to recrive and uss it or e~~y part thereo! ?or o;ii~~~ S~ur~:.cSrs, va~thoul ~h o~ w~iv~rn3 ur unpai.
ir~g any equ~fy, litn w righl under ot by virtue of this mo:'gaga; end in the event ta:d MORTGAGORS ah~lt for any reason fail to kecp the said premise• so
insured, o? (a~l to detiver promp~ty any of said po6u~•s ot Inaura~xe to sa~d MOR(GAGfE, or fail promptly to pay fully any p~emi~m the~efw w in a~y
respet~ fail to perform, d~schsrqe, eaecuta, etfeU, ~omplaw. complY whh and a4~de by th~s covenant, or any pan hareot, s~id MORIGAGEE may piace and
pay fw such inwrance o~ any part ~hereof w~thou~ waiving or at(ecting any op~~on, lien, equity, w?ighi under w by virtue of this Mortga~e, a~d the
i~ll amount ol eacA and every such peym~nt shall Lx ~mmvd~ateiy due and payable •nd shall bear inte~est from the date fhercof un~il paid at the rate ol
nine per tentum per anr.~m anJ to~ether v~~th such ~nter~at shau !~e ercurrd Uy the lien 0) thia mOrtgage.
1. To petmit, commit or suffer no waste, impairnx~nt ot detenorat~on oi said property a any part thereof.
5. To pay all and singular the costs, charges a~~d ex~enses, ~ndudfng a reasonable atrorney's tee and cosrs of abst~actt oi tiNe, incurred or paid at
eny iime by said MORIGAG:E, because or in the rver,t of the fmiure on the par~ of the said MORTGAGOR to duly, promptly and fuliy per(am, d~scha~ge.
exc:ute, effed, canple~e, comply w~th a~~d ab.de by each and cYCry ~he stipv~ations, agreemen~s, co~d~tlons, end covenanrs o( sa~d prom~:aory no~e and ~hi~
mortgage any w e~~her, and sa:d costs, charges and eapenus, each end every, shall be immediately due and payable; whether or not there be ~+oNte de
mand, anempt to collect or suit pend+ng; and the full amount of each and everY such paymem shall bear imerest from the date thereoF u~til paid at the
~.~~e oi n~ne ptr ttntum per an~}u:n; and all so~d cos~s. cha~grs anJ cape~~ses ~nc~rred a paid, together w~th such interest, shall be setured by the (ien of th~
mort9age•
Q Tha1 (s) in thr event of any breach of this Nbrtgage or default on tT~ part of the MORTGAGOR, or (b) in the eve~t any of sa:d sums of money
he~ein referred !o be no! pranpNy and tully pa~d ~v~:h~~i th~rry ~30) da~•s next afrer the se~ne severa~ly beco~~ie due and payable, without demand o~ notice.
or (c) in tha eveM each and every ~he stip~~at~ons, agreements, co~~d~t~ons and covenants of sa,J promiswry note and th~s mortgage a~y o? either are nol
i~ty, promptly and fu~ly perfonned, d.scl~a~ged, e~ecuted, etfected. completed, compl~ed wi`h and ab~ded 5y, then in eAher or any such event the said ag
3regate sum menno7~ed io said Fromissory note Ihen ~ema~ning vnpaid, with intrre;t accrurd, and ~ll moneys setured hereby, shall become due a~d pay~
abie forthwith, or thereafrer, at the opuon of sa~d h~ORiGAGEE, as fulf~r a+~c! completely as it all of ~hr sa~d sums of money were w~g~n~lly st+pulated
ro ~e pa:d o~ such dLy, anything in sa,d pro:mssory note or in th~s Mwtgage to the contra~y notw~thstanding; and thereupon or thereaiter at the option ot
sa.d MORTGAGEE, w~~hout norice or dema~~d, su~t at taw or in equ~~y, therefore w therealter begvn, may be prosecu~ed as if ~ll moneys secured he+eby
n~d mawred pnw to ~ts institunon.
7. That in the eveN that at rhe beg~nn:ng of or at any t~me pend~ng any suit upon ~hia Nto~tgage, or to foretlose it, or to refwm it, or to enfo?ce
paymem ol any cfaims he•e~nde~, said MORTGAGEE shal! ~pp~y ~o the Court havi„g ;ur~sd:cno~ thereof for the appo=rttment of a Receiver, such Court shsll
ferthwith appo~nt a reteiver of sa~d mortgagi~d property all and singufar, incl~d:ng aii and s~ngv~ar tfie i~conu, prohts, issues and revenuef irom whateve~
scv~ce drr~ved, each and every of wh.ch, ii be~ng expressly undrrs~ocd, ~s hereby n,ungaged as if speufically set fath and desaibed in Ihe granting and
t,~bendum da~~sei hereoF, and such Rece~.er shall have alt ~he broad a~d eilecr~ve (unct,ons and powers in anyw~sa entrusted by a Court to a Receiver, and
s„h appointment shall be made by such Co~rt as an ad:nimd eyvity and a n:attcr of absolute righl to said MORTGAGEE, without rcferente to the
e~iequaq w inadeq~acy of the value ef the property mongaged or to the so.ve~cy o. i~so:vency ot said MORiGAGOR or the defendants, and that such
re~~s, profits, mco~ne, issues and revenues shaN ba appGed by such Rece~ver cuord~ng to the lien or equity ol said MORTGAGEE end the practice of suth
Court. ~
8. To du1y, prompt!y and fully perform, d~scharge, cxecu~e, effect, cOmplefB, CO~npiy w~th and abide by each and every the stipu{ations, agreementt,
conditions and covenants m sa~d promisso~y note and th:s rroi~ga3e set ior.h.
9. That in the event the ovcnershlp o~ the mortgaged prem~ses. or any part thereoi, becomes vested in a person other than the MORTGAGOR, tha
V.ORTGAGEE, its successora ar.d ass;gns, may, wlihout nor~ce ro rhe A1pRTGAOR, dea: w~th wch successw o~ successor in interest with ~eference to this
rco~tgage and ihe debf hereby secured in the same manner as with 1.lortgagOr wnho~t :n any way vil:ating or d~stharging the MortgagOq' liability her~
~r.der or upon the debt he~eby secured. No s3~e of the Fren.~ses h~-reoy ino.tgaged artd no forbearance on the pait oi the ?,AORiGAGEE Or its Successo~b
or ass~gns and no extens~on ot the t~me for the payme~t of the d~b~ he.eby sec~red g~ven by the MORTGAGEE or its successws w ass~gns, shall operate
~o re~ease, dscharge, mod~fy change or atfect the ony,~a1 f~au~~~ty of ~he ~GORTGAGOR herein, e~ther in whole o~ in part.
10. It i~ specfically agreed that time is af the esse~ue of th~s coro~act and that no waiver of any ob~igation hereunder o? of the obligatwn se-
currd hereby shali at a~y time rhrreafter be he:d to be b we~ver o( the tecros hereof w of the insv~ment secured herby.
1 i. In add ~:o~ to rhe foreoe ~e~ mo~fh'Y pdyrnenl5 of p.l ,c ,,a! and inrercu ~equ;red by the prom sscry no!e secured he~eV/, mortgagor eovenams
r::d ag~res to pay to n:o•egegee v~~:h each r.,onrh:y pa;~. e~~r ;n ad:i ~~onal su~~ ~s~ ~.ared by mort~agee to be equal to 1, 12 of fhe annual cost of the foliow-
~,,g`
A-All real property tjxas lev~ed or ass~ss~•d agei•~st thc ai;o:e des_ribsd rea! eatate.
, B-Pr,m~u~ns on f,re and v:~ndsto~~n ~nsurar~ce as ner~:~~ •;q;,,red to br ca:ricd cn th~ ~mproveme~ts s~t~ate on the above desvibed premises.
C-Prem~urr~s on s~ch mort~age guaranty ir.w.a~,:e as me~rgagee shall (rom ~ me to nme deem fit to carry on the ba~ secured hereby.
Mortgagee sha!i f.cm n~ne to 1:Te ner;f; mertgagcr ~n wr~t~ng of the ar:ouro d~e and payable hereunder and such sum shall thereupon be due snd
; .:.ab!e on tha due da~e ef the rext manth:~ pay~r.ent a•,d eech successive mo,th thereafter u~nii mortgagee shalf nolify mortgagor of a change in suth
f o~nt. Such sums sha:i Lx aF~F~'~ed 6y martyayce to:~ard `he F;ay~nent of rea! preperty Taxes, insurante prem,ums, a~~d mortgage guara~ty insut~nce
c~•em.ums.
~ ~N WITNE55 Y.'HEREOf, the sa~d MORTGAGOR has hereunto se1 his hand and seal the d and ar ' afo~ aid.
~ Sig ated and d~:ivered i~ the presence of: fILE~ ~N~ P,ECORDEO /
~ ST_I,UC+I C:;uNTlr FL~_ - G ~
- ROCE~ r^J~THAS • ~ ' ~•n
~ CLERK t;~:-s~JlT COURT ~
- - , _ NECORC VE-t~IED~ ' q
e y• ' .n
S~r t1 2 57 PH'11
5 ~ ATE OF FLORIDA ~ ~ ~~~y_
~ou,dn o~ St. Lucie _ _ ~ ~
Befwe me personally appeared . FYa1'~C W• ~dCet J=•
Betty L• P.aCe his w~fe, to me well known and known to ms to b~
r::e ind~viduais descnbed in and who exewted the fwegoing instrumem, ~nd uknowledged betore me that they executed the same ior tha pwposes
rherein eapresaed. And the sa~d_ Betty L. Raee
~ Frank W. Race Jz.
+~~.e of the sa:d . - _ - upob ~ s~?vih aed priv~t~
e.am!nat;on by me ta4en sepa~ate and apart from her aa~d husband, acknowledged to ar~d before me that she eaecy?ed s~id IQ~~r~itft_~{i~;rfd vOluo-
y y N `p ryy.o~ fear of or lrom her sald husband. r`~
~ ~anl and w.tho~t an com• ~:s~on, co~,slra+M, a=reht y _
WITNESS my hand and o(~~c~ai see! th~s _ QL_ 4~ _ dey of Se~e~~ ~ ~ ~a.'19
r- ~
- ~d- - - ~ " -
~ Notary Public in and f~r the-~SIaN O~ i M~ Ot " +
~ My Comm,ssion expires: ; . ' . • ..2
Retu~r. io: ~
r
Firit Federal $avir.gs b loan Assoclat:on - ~ ^^'S~ p~'~ (~jt~ ; r` ~
~ C)j . ~,r F. ~c~• ~ ' , ~ ~",-~.;~%r.`T'
~ Fo~t P~~rce F~~ .:a _ :c`. ..._r _'~Ct~ti~tll~
~ ~ ~ 1 ' 7,-
This Instrument Prepared By Riehard K. Y.ayes
First Federal Sav~ngs 8 loan Assoc:ation
of Fort P~erce~ FlOZ~dA
Checked BY -Lu+ - -
aooK195 ~25?7
_ y - ~~t~,,
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