HomeMy WebLinkAbout1471 To place and cont~nuous~y keap on lhe L.,~'J~cgs nc.v cr t:rrr ~trer s+wate on sa~d ~and and on ali eqvipment and personally co~rrrd by ~t~~s mor
ege, w~ih dll premiu•ns Iha~eon pa d in full, fn~• inSura:~ce ~n th: ~~s~31 s!ondard po i~~ fOrm, in a s::m aMproYed bt the AlOR~v~GEE, and w~ndit0
,nsurance in the ~wal ~+andard poLcy fonn, in a awn ap~,ro:ed i.y the h~JRiGAGEE, in such compa~ty or to~npan~es as the A10~TGAGEE m
dnec/; a~d all fire and w~ndstorm inw+ance potic~ri on any of s.+~d bur.d•ngf, any interest therein or pa~t thereof, in the aggregarr s~~~n atcresa~d ~
in excees the~eof, shail contain the us~al sta~~dard rno~~n~gae u3us~ or wch oihe~ cia~se as the hlo~tgagee may reqv~re, maA~ng thr ~oss undr~ s~~d po
c~rs, each and every, paya~!e ro sa~d MORTGAGEE as ~rs ~nT~r~st n,ay appear, and each and evcr~ suth po'~cy sha~i be p~omp~ty ass gnrd a~~d de~~.rrrd ~ t
eny held by sa~d hlOR(GAGEE as funhzr sec~~ity io said n,ortge~e deut, and, not :ess than ~en l10) djys in ad:ance of the e~p~~e~~o~~ of each poi.cy, to d~
f~~- to said h10RTGAGEE a renewal ~hereof, toge~hrr with a.~ce~FV for the premium of such renewal; and there snaN be no i~re o+ w~~~ds~a~n i~~wranc ;
plated on any of sa~d b~i!d~~~gs, any interest ~here~n or part ih_r~•of, ~r.!_ss ~n ihe (on~~ and with the ~oss payable as aforesa~d; and the event any s~n ~
o~ money becomes payable under wch poticy or pol~c~es s~id MORTGAG:E shsll have ~he opt~on to reteive and apH:y the san+e on accu~.v oi the ~ndrbt~~d !
neii SzCUre(~ h2rCby Or f0 pe~mil Seid MORTGAGORS ~O ?eCe~vO and ~se it Or any {~.irl Ih•~:c0f lor O:ii~•r };ur{~~it`S, v:~tlioct th:'~u. •~-.~~~'J ''"i"" 1
in9 any eqvity, iirn or ~~ght unde~ o~ by virt~e of this mo~cgage; and in tnr even~ 3a d MORIGAGURS shall `or any reason fai~ to kaep ~he sa~d prrm~s~•s so ~
,nsured, or lail f0 deliver promptly dny Of Said pol~cies 01 inSw~nCe to Sa d h10RTGAGEE, or faif prompt~y 10 pdy fu~ly dny prc~~~~u•n thrrafur Or in a•~y
respec~ fail to perform, d~scharge, execute, effect, comp!e}e, conply w~~h and ab~de by ih~s cove~~ant, or any pan hrreoF, sald MGRT~AG*f n,ay p~ace a d
pay for suth insurance or any part thereof w:thout waiv~ng or afi~•ct~n9 any option, lien, equ~ty, ot right u~der or b~ virt~e oF this hlo~ryage, and thc
fuil amount ef each and e~ery such payment shall be ~n~,mediate~y dve a~:d pa,ab!e and shatl bear interest from tha date thereo( un`~t p~id at the rate ol
~~::e per cenrum per annum ana to~rihar v~~th such ~nee~~si sha~: b- s~,~r~~d L~ the ~ien o1 ihis mortgage.
To permit, commit w suffer no waste, impa~r~nent or det~~~orot~on ef sa:d property or any part the~eof.
5. To pay all and singular the costs, charges and experses, ~nc!~d~~g a reasonable attorney's fee and costs of absnrcts of t~tie, incurred or paid at
any tim.e by said MORTGAG`_E, beta~se or in the event of the fa~lure on tiie part of ~he said MORTGAGOR to duly, promptly and fully perform, d~scharge
~¦rwte, effett, comptete, co~nply w~+h and ab:dr by each and every ~he s~~pu~a~~ons, dgreemCnTS, cond~t~ons, ar.d cove~ants of said pro~n~ssory note end th~s
cortgage any or e~~her, and sa~d costs, charges and expenses, each and ~very, shjil be ~n:m~d~atety dve and payabte; whether or not thrre be not~te da
r,~and, aitempt to to:lecl or suit per~d~ng; and the full arnount ef each a~~J e~rry svch paymrnt shalt bea~ interest from the date thereof until paid at rhe
~ o~ nme per centurn ~r am~~:n; end ait said costs, cn~~ges and ~a~~v~scs ~~xurred or paid, together wah such interest, shall be secured by the I~an of tt~is
mortgage.
6. That (a) in the evem of any breach of th~s Vlo:tgage or det,~ulr on tn~ part of the M.ORTGAGOR, or ;b) in 1he event any of sa:d sums of money
herein reierred to be not prompt;y and fufly pa~d with~n th rry ,3J, tia;s nc~r~ a~t•~r the same sevc:a'ty become due and payable, wi~hout demand o~ nor¢e,
c~ (c) in the event each and every the stipu~ations, agreemrnn, cor.d~;~ons ar.d covenanrs o1 sa.d promissa~y note and th~s mortgage any or either are no1
!v'y, promptly and fufly performed, d:scharg~d, eaecuted, elfeded. co+np(eted, compl~ed w"nh and aN~ded 5y, then in enher or any such event the sa~d ag
~regate svm mentioned in said pro:nissory note thzn remaining u~~pa~d, w~th intrre;t atcrued, and ael moneys secured hereby, shall become d:,e and pay-
ao.e forthw~th, or thereafter, at the opt~on of sa~d h10AiGAGEE, as f~;~y and comp;e~ely as if aU of the said sums of money were cr~ginally st~pu:ated
to be pa.d on such d~y, anything m sa.d pro:nasory note or in this A/tortgagr to the contrary notw;:hstandng; and thereupon Or thereafter a1 the opt+on of
s~ d MORTGAGEE, w~tho~t ROf~~2 or demand, suit at law or in equity, thereiore or thereaiter begun, may be prosecuted ss if all moneys secured hereby
n~d matured pnor to ~ts institut~on.
7. That in the event ~hat at the beg~nn~ng of or at any t~me pend~ng any s~it upon this Mortgage, or to foreclose it, or to reform it, or to enforce
~~yment of any c!a~ms he~e~nder, sa~d Mi~RTGAGEE shaL' apphr to the Co„~f having ~unsd.ct~on thereof for the appe~ntmem of a Rece+ver, auch Court shail
r,.rrhwi~h appoint a recei~er of said morrgayrd propzrty ai~ and s~nyviar, ;,~c~vd ng a~1 and s~ngutar the income, prof~ts, issucs and revenurs fro~n v~hateve~
s,~uce derived, each and every of wh~c~, i~ oe~ng express:y unde~s'cod, n tereb~• me+r~aged as li spec~f~ca!!y set fo~~h and descnbrd in the gra~n~,g and ~
h+'oendum dauses hereof, and such Recei,,er shall have atl the b...ad a~~d effecr,ve f~~xt.ors a~d powers in anyw~se entrusted by a Co~rl to a Recriver, a^d
s,ch appointment shail be made by such Court as an ad~nitted eq~~'y and a e-a~ter of absolwe right to said MORTGAGEE, and wi~heut reference to the
dd~a;,acy o+ inadeq~acy of the value of the property mongaged er to ~i,e so,vency or ~nsoivency. of sa~d MORTGAGOR or the defendants, and th,t wch
. ~rs, profits, incane, issues and revenues shafl be app:~ed oy w.h Rrce~ver ac:ord~ng to the lien or equity of said MORTGAGEE and the pracnce of s~ch
Court_ •
8. To duly, promptly and fully perform, discharge, execute, effect complete, comply w•ith and abide by each and every the stipulations, agreements,
conditions and covenanrs ~n sa~d prom~ssory note and thls mortgage s~•t +o:th.
9. That in the event ~he ownersh~p of the mo~tgaged pre~~~ses, or any part thereof, becomes vested in a person other than :he MURTGAGOR, the
:'ORTGAGEE, its successas and ass~gns, may, withou+ noc~ce to rh,e ~~".ORiG~OF, deal w~th s~ch successor or successor in ~merest .virh reference to this
~~~,o~~gage and the d~bt hereby sec~red in the same manner as wrth tdorrgagor w,thout in any way vit:ating or d~schargng the Mortgagori liab~lity here-
~rder or upon the debt hereoy secwed. No saie of the pre~•~nes hereby mortgaged ar.d no forbearance on the part of the MORTGAGEE or its wccesson
or ass~gns and no exrens~on af the nme for the paymenf of t;e deb~ h„~e~y secured g~ven by the MORTGAGEE or its successors or ass g~ts, a~~all operate
ro release, d~stharge, mod~fy change or affect the orig~nal IiaU:i,tr of the 1~10RiGAGOR herein, either in whole or in part.
10. It is speuficalfy agreed thar t~me is of the essen~e of ~his conrract a~d that no waiver of any ob~~gat~on hereunder o~ of the obligation s~
cvred hereby shali at any time thtreafter be he:d to be a wa~ver of the terms hereoi w of the instr~meM secured herby.
j 11. In aJdd[o~ to the foregol,g month!y paymeMS of princ paf and inrrrest required by the prom;ssory ~ote secured hereby, mortgayor covenants
3~ d agr~es to pay to n~ortgagee w~rh each mon!hiy pay:.,ent an add:r~onal s:,m ~•st -.ated by mortgagee to be equal to 1, i2 of the annual cos~ of the fol{ow-
~
~ A-All real property taxrs lev~ed or auessed agai•~st thc abo.•e desc.~b•:d real estate.
~ B-Prem~u~ns on fire and windsto~m ir.su~arce as nere~n requ:red to be ca~ried en tFe imrroveme~ts s~tuute on the above d_scribed premises.
' C-Premiums on such mortgage guar3nty ir.surar.ce as mortg3gee sha;l frcm t n:e to time deem fit to carry on the loan secured hereby. ~
Mortgagee sha t frcro s~me to t~me ~enf~ morryagcr ~n wr~t~ng ot tna a~;~o~~t d~e and payabte hereund,.~r and such su~n shal~ ther~upon be due and
.~;abie on the due dare oi thz nexr mo~tn.r payme~r and e~ch success~ve To~~th tnereah~v ur.til mcrigagee sha!1 nonfy mo~t9ago~ of a change in wch
~ -o~nt. Such sums sFa.i be appiizd by mortgag._e to.vard the pnyment of roaV property taxes, insurance p~em:ums, and mortgage gua~anty insurence
:~~•emiumS.
; tN Y~ITNESS WHfREOF, the said h10RTGAGOR has hereumo set his hand and seal the day an year first aforesaid. .
~ Signed, Sealed and delivered in the presence of: F~~ED ~k~ RECSR~~~ q , ~ ' `
_ ST.IUCIF COUN~~ vC'~-a~~ : Seal) ~
' f~ FiOGER?0~?R~= ~ Ric ard 6. Gil~s
~ - • CIERR CIi~CWj COV~T , t5ea1)
~ - - RECOAD YER~FIEO -1 4~ ~ ' (Seaq
~ ~N ~ Linda J. ' llis ~~a~~
~ - - Npy z~ IO ~o
~ SFATE Of FIORIDA
:JUNTY OF SL. LLICl@ ~ ~
Befwe me personally appeared R iehard B. Ca~1115 a~
LilldB Gillis his wife, to me well known and kno,Kw ta~rx To be
the individuats described in and who ezew!ed the foregoing iostrument, and acknowledged before me that they executed the aame .#v fk~ puiposes
ti
~ rherein expressed. And the said I.inda .j• Ca1111S a -
Richard fi. Gillis
~~fe of the sa:d - - vp~•e''~ ~dprivsta
~ e,caminat~on by me take~ separate and apart frorn her sa~d husband, acknowledged to and before me that she executed said ~~j~ aAd.M0lvrr
rar~fy and w~thout any comp~ls~on, constraint, apprehens:on, r fear of or from her said husband. ~~~~L O s.•••••.
` WITNE55 my hand and offi:ial seal this_-_~ 6 t~ day of November ~
1
~ ~-.,j~
~ : -
, ~ fi , p..~ - ~
Notary Public in and for the $ar ~
My Comm~ssion expires: ~ ~ , ~
Retum To: JE3~-'r,^~ ' ; •
x_.Q.
rf ~
_ First Federal Savings d loan Associanon ~ ~ 7(~/i~;., j~~~~;,
Of Fort V,erce. /:~J ;_,r ~ l 'y ~ rt•~i:~'
Fort Pirrce, florida • ~.r ,
~=y
' This Instrument Prepared By Wa. E. Bieun
First Federal Savings & Loan As ociajion
of Fort Pierce : R~orida R •
- Checked 8 ~OOR~V~ Pa~~4~
Y
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