HomeMy WebLinkAbout1473 3. To , face and co~nnuously ?eep on the bu~ ah,gs nox or h~~:~.,ifr. ~;~~e~e on sa~d land and on a,' ~~q~;p~nent and pe~sona:iy co.e+~•d 6y +t ~s mor
ege, with all prem;unu thrrton p~ d ~n fuli, f~re iraurnr.te in ive ~s,~~! st~~ J.+:d po :ty ~Orm, in a S~m a~.Nrowed by the MOk~v~.~tt, a~'d a.~~Jsto
~ns~rance in the usuai sranda~d po'.cy fonn, in a wm oppro.~~d L~ ~he ~titORTG/~GfE, in su:h con~pany or co•npan.es as +hr 1.,JKi:,AvEE m
d~reU; and ail lire and w;nJitorm ins~~a~ca po:;c,rs on a~~y of s:,~d 6u~~d.ngs, any inte~est therein ~r pe~t thrrroi, in the a99r~qa~a s.:m atoresald #
fn exccss rhereof, shall :onra~n the uswi sra~,d~rd n:o~tg ~gre c,use c. ~:h o~her c!3use as ~he Mortgagee ~~ay req~.re, making tha ~eas w~Jr~ s~~J po ~
c~es, each and every, ~ay~b~e to sa~d t10RTGAGEE as ~~s u:t~~~c•sr ,y epHra~, a:~d each a~:d every n~ch po~~c~ shall br pron,ptiy ass y=~~•d a~+J dr,~.~-r~d :
any held by sa~d R50RIGAGEE as iw~l,_~ secvr~~y to sa;d oreg.,~a o~br, a~~d, not less ~han ten ~10~ days in ad:a~~ce o~ ihe exN~rat~on o~ e~:h ~o:;cy, to d. ~
,.e~ 10 said h10RTGAGEE a ronewal thrroof, toge!her ~r~!h a rec.•,pt for th_ pr~:nwm of su.h renena:; and Ihere iha~l be no Lre or ...~..isr..~m ir,s~ranc ~
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p!aced o~ any ol s3~d bvi~d~•~gs, any ~ni~•rest ~here~n or pari rh~~. of, ~~~,'~ss :n the for~n a~~d v~~~h tl,e icss pa~ab'e as afcresa~d; ard ~n ihe e.c~~t a~~r s~~ t
of money beco:nes payabte ~nder s~ch pol~cy or poLc~~•s sa~d :',uRSG~GEE sF~_+ii heae tha eN~,on to ~~c_:ve ~~~u app!y the sane on accou:~t of thc i:~u~•~+.•d ~
n~~ss securrd hereby o~ to prrm~~ s3~d 1AORTGAGORS to rca~~ve a~.d use it or avy {~:rt ~n.•-roS 't:.• a:~~•r ~.ur: cs~~s :.:~~~o~.:r ih
~n~ any equ~ty, lien or r~ght unrler o~ by v~rtue of th~s mor~~agv; and ~n the event sa d A1U~2T(iAGORS sha!1 `or any rr3son fail to k~~ep tF.c sa~d Freni s_s su
nsurrd, or fail ro dr;~ver promptly any of sa~d poi:c;es of ~nsurar;ie fo sn;d h10RTGAGEE, cr promprty to {ay fu.ty any p:~~:n~„m ~i~rr~tor or in a~~y
respect fail to per(orm, d,scha~ge, excc~~e, effeu, con,p!rta, car.N~y .riih and ab~de by ih:s ceva~anr, or any p.~n h:r.:of, s.j:d hSURT:•~:GEE ~~~ay r ao~ e o ~
~ay for such insurence or any parl th2~eof w~~hout v~a~v~ng or afirc+ing any op~:on, Ge~, equ.~y, or r.~ht u~ider or by v~~tue of :h~s h'•o~fy~ge. and thc
t~it amount of each and e.ery scch payment shail be ~n:med~ately d.,e .r.d payav'r a:~d sha;l bear inter_st fron: ~h~ dete th.:reof uni~l p.:;d at ii,e rate o1 i
+,•~e ~r ceni~m per an~~u:n a~~d to~~•rh~•r ~~~h such ~:~~~•~~~st .ha~. i::..r.-~i b~ the l~en oi tha mortgage. j
1. To permit, commit or suffer no waste, impaitr,~~~nt or d~-~rr~cr,r,on of sa~d preperty o~ any part thereof.
S. To pay all and singular the coats, charges and expe~~ses, :n.1~~d~ng a re~sonable at~orney's fee and cesrs of abs+.acts of title, incurred or i?afd ar ;
j^~ Tirc,; by sa~d MORTGAGEE, beceuse or in Tne eve~~T of ~h•. fa.,•.,re ~n tne pari of the sa~d h10RTGAGOR to d~Iy, pro.~pt~y and fu.Iy pe.tw~n, d~senarge '
_>~c~te, effeU, canp:ete, comp!y w~~h a~~d abde by each m:d r:e~y rhe st.p~la!:uns, agr~~en,ents, conJ~t~ons, and covenanrs oi sa~d p~o~~~>_ory no~e o•~,: :
,.orrgage any or euher, and sa.d cosrs, charges and e,eFensrs, each and e~ery, shail be immed,ate'y d~e and payab:e; whether or not fhere be nor~ce d~
^~~~d, attempt to col~ect or s~it pa~~d~ng; and the f~!: amo~nt of e~.h a~.d e.ery s~~ch pa~n:ent shaN 6ear ~nterest Irom th~ daie the~rol ~n~~~ Pa~d at f!,e
~ e oj rnne per cent~m p~~r or..~„ri; e:!c .~1t sa~d cr•s~s, c~,a:~rs a~d ~>:._~s-:: ~ntu:rcd or pa~d, toy~fher w~th suth iNerest, sha~l be secu~ed by the i~rn of th~s
mortgage.
b. That (a) in Ihr event of any breach of th~s Mortgage or d_`.ao;t on the part of the A'.ORTG~IGCR, or ;b) ~n the evznt any of sa d sums of ~~~oney
F.,~rcin referred fo be not pro~i~pt'y and f~il/ pa~d ~vi7nin tL.rty ~,3J' ~~.:s nc..t a•!•:r ~n<' Sa"~e Seve!a:ty beco+•ir due and payable, w~tt:out demanc~ Or not~ce,
cr ;c) in the event each and every ~he fhp~:atiors, agreemenis, c~•:d::•a•s and cc~enanra of sa d p~o•>>~sscry nore and tha mertgage any or e~~her are net
~u:y, promptly and i~Ny perfurmed, d s:harqed, txrzuted. effe:ted co:np~eved, co:npt~ed with and ab~dcd `?y, then in enher w any sv:h eve~t Ihe sa~d ag~
?r~gate sum mentdoned ~n sa~d p~om~ssory nare then ren~a~ning ~r.~a~d. n~f~ ~nterr:t acu:.ed, a~~d a,1 mon~~s secu:ed hereby, shatl b~'Wn12 d:,e ar.d par-
ec farthwith, or therea!te~, at the op~~on oT s.,id tvIORTGAG~E. ~s fu;'ry co~-,p;ere!~~ as if a'i of the sa~d sums of money were o:,g~:~a~1y st~pu;at~d
be pa!d on such d~y, anyth~ng in sad pro~n.ssr.y ncte or in th~s ,ti~.c;rry^a3e ro ihe con!rary ne!x~thstan3~:~g; and thereupon or thereafter a~ the o~:t~on of
s~:1 M,ORiGAGEE, w~tho~t not~ce or dema~:d, svit at iaw or ~n equ~t~, fncrefcre or tnerratrrr b~gun, may be prosec~ted as if all moneys sec~red hereby
n d matured pf~or to ~ts inst~tut~on.
7. That in the event that at the beginn;ng ot or at any t~~.:e penu ~-:g a~v su t ~ro~ th~s Mo~tgage, or to foredase ~t, or to reform it, or to enforce
:~r~T+enf of any ciaims he~eundar, sa~d AtOR?GAGEE shai~ apply to the Co:,~r havn,g iunsd•:v~on ther~~ot ior the ap~o~nrmem of a Rece~,rer, such Co~~rt shail
re,-thwith appoint a receive: of s3id morlynged pro~xrty all and s~m~~.a•, i:~i:ud ng a~i and si•~yu'ar tiie ~r.come, prof~ts, issues ard revenuas from wh_tever
s,~ce derived, each and eYCry of whch, ~t oe~ng express~y und~•~s•~:J. :s ie~,u> n•.e:~gaged as ~t spec~f~ca~:y set forth a~d desu~brd in the g~am~n~ and
~:;endum da~ses hereof, artd such Rece~.e~ sha+i have a1i fhe o:, a~ a~ d ri~~c~..~• }v•~ce e~~s ar.d po~vers in anyw~se enrrusred by a Co„rt to a kec~•~~er, a~~d
s_:h appointment sheil be rt:ade by such Co~•t as an ad.~>>tt~~d eq.:~ty a~ d a~~artcr ui a5sowre nght to said MORTGAGEE, and vvith.ut reference to the
a.'.~quaty or inadeq~acy of the value oi the proNerty morrgaged o: ro ri;_• s:;.r~~c~ or ,nse!vency of sa~d h'tORIGAGOR or the defenda^is, and th;t svch
.•,rs, profits, inco.ne, issues and re.en~es shall be app:~ed oy such Rrcr~ver acwrd:ng to the lien or eqv~ty of said MORiGAGEE and the pract~ce of suth
Court.
8. To duly, prompt:y and fu!~y per',o~m, d:scharge, exer •e, effe:t, co~rp!~te, cor~,r~/ w~th and ab~de by each and every the st~puiations, agreements,
:~~d~rions and covenanrs +n sa~d pro:n~ssery ne~e a~:d fn:s r,~rrga~~ s~t forrh.
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s 9. That in the e.~ent the ownership of tne mortgaged pre« ises. or any part tnereef, becomes vested in a penon other then the MORTGAGOR, the
~ ~RTGAGEE, its iuccessors and ass~gr.s, may, ~vi~hout net~ce !o thE ,t'.ORiGtiOR, deai w~th sucF. successor o~ successo~ in ~~terest ~vith reference to th~s
~ o~rgage and the deb~ he-eby sewred in the same manr.er as v+,~~h 7.`,,rr~agor •,v;sh~ut in any way vitlating or d~scF.arg~ng tne /.torfgdgors' liabrity herr 1
~ ~ der or upon the debt hrreby secured. No s3ie of tt:e Fre•~~•sez h_r<~by ~r,ortgaged and no fortearance on the pai~ oi the /AORTGAGEE or its s~ccessors
c~ ass~gns and no eatens~on of the t~:re (or thr paym.ent of the deb~ t,~rr::y se;~red g~ven by the MORTGAGEE o~ its successors or ass.gns, a~~aii operate
F ro re!ease, d.scha:ge, mod~fy char.ge or affect the o~~g~nal li~u..:ry ef rne A'•CRTGAGOR here~n, either in whoie or in part.
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~ 10. It is spec~fkaiiy agreed that r;me is o4 the esse~~ce cf thls cor,tract a~d that no warver of any obi~gat~on hereunder or of the ob!igation se-
' c.;•ed hereby shali at any t~me merea`:er be heid ro be a we~.ar o! the te~,ns herecf or of the ~~~srrument secured he~by.
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~ 11. In udd.t~e~ To the to~ege ng monin'y pati~n_~nrs ,~„d un_~est re~u red 'o~ the promssory no~e sccur2d tier_b~, mortg3g~r covenants
~ ~~.d agrees to pay te r.to'tgagee v<<th e~ch ~:.~n+h y Na~~ ent an act,; ~~onai s::~~ rst • at~•d bf mort3sgee to be eq~ai to 1 12 of t;~e an::ual cost of the foiiow-
a
~ A-Alt real p•ope~ty ta~es !ev~_~ or assesc,:i .st n.c acove d_sr:~. d rea! es!ate.
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~ B- Pr~n,~u :~s o~ fire acd ~~ir.dsro•m msu~arce as i~ere~n •oy~ :ed to be ca~n~ d on the ;mrroveme~ts s:tcate or. the above d~sc~ibed premises.
C-Premiums on such mortgage guarar.!y irsura~ ce as morfg~yee sna'~I fro:r t•re to tir^.c deem fit to carry on the loan s^cured hereb/.
~ Mortgagee sha!1 from t~•ne to r:~;e no!if; A;Crtyu7J~ m w:~t•ng of the a~~ o~~t d~e ard payab~e hereundar and wch s~•.~ shail tli~rzupon be due and
:+,ab!e on the due dote ef ine r•_xt ~nonrh:~ pay:n~_nt a~~d e~cn s:.cce=sf+r mornh tne:eaft~r urti{ mcrtgagee sha!! notlfy monga~or of a change in such -
~ ~unt. S~ch wnu sta~i ~e app'.ied 'oy mortgay•~e to.•.a•d rhe pay~rent of real property taRes, msura~ce prem,ums, and mortgage guaraniy insura.^.ce
. ~~emiums.
IN Y~ITr~E55 :+'HEREOF, the sa~d MORTGAGOR has herevnto set his ha~:d ar.d seal the day and year fin? aforesaid.
= Sealed deliv ed ~n the pres?nte of: FILED ANU RECOAOEO ~ ~
ST ROGER
PO TRAS L~:% 6 ~(Seal)
~ J - CIERK CIRCUIT COURT ~ Phy 115 C. Smlth ~~si~
~a ,
_ RECORD VERiF1E0 ~~a~~
~ ,
~ - IW@ ~J 'V I (Seal)
~
S ~ A7E OF fLORIDA
~ ~JUtJTY OF St . Lucie j ~ .
^ Ph llis ' ~
~ Before me personally appeared _ Y- C_ S~lth ~ a single adl~lt -~y~H ~
~~tT* 7T
~ _ to me ~t~(cnojvr? and ~Iqwn tq me to be
_ the individ~ai/ described in and who executed the foregoing instrument, and acknowiedged before me that ~`~~e~d~the.sp~ne .{ot 1he _purposes
r ; .l' • . : -
"4 rherein ex ressed_
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~Q}~~7Ci[JE3(dC - - - ~ , _ ~16a[Ci
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- ~ OtXOC7mchC1~SQIG~~oLU6DloclQ7oqbC7c • _ ' ~ ~p. % _
WITN:SS m hand and offic~al seal this_ NOV6~@! ; i`~~~` ~;i,!`-'`
y ~_.t.11-- - day of_ _ N~'~ D. 79 71
~ ~ . -r•,~y-..= ' ~
. ~
Notary Public in and for ~fA, ' ,d large
My Comm~ss~on ezp~res: NQj~~ ~~3T)ITE of FLORIDA ~t LAR(iE
= Retum To: MY (~I,IjAISSION El(PIRES SEPT. 25. 19IS
First Federal Savings 3 Loan Associat:on Bp(~Qp(~"~ ~p~j~ ~pJun ~~y~y~ ~
O{ Fort P.rrcr. .
' Fort P~ercr. Ficr~d~
i
This Instrument Prepared By John W. Collins
First Federal Savings 8 Loan Asso:iation
of Fort Pierce , F lor ida
- Checked By ~ a~~ • ~
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