HomeMy WebLinkAbout2652 3. To p~ace and contin~ously ?eep on the Lu~ d~~ os now or hEre,irr. ~~f~ate on sa~d fand a~~d on a11 equ~p+nent a~~d pe~sonal~y covered by th~s mor
ege, w~~h ail p~en~.wm~ ~hereon pa•d ~n f.,:!, f;rc ins..,a.;e ~n _~.ai s~..:~~ard po~cy fonn, ~n a s~m aHp~ored b~ the :dlOR,v:~G:E, a~.f v.~~~ds~o
nwronce in fhe us~al s~andard po..cy fo~m, ~n a s~~n a~~.~o.rd t.y +he A~vKi3%~:.LE, in wch co~^pany or ca»~~an.es as rhe h10Rii,AGEE m
d~rect; and all 1ir~ and w:nds+orm ~ns~•a~ce po~~c~rs on any ol s~~d tw~•d.ngs, any ~n~eres~ there~n ~r pan thereof, in the agg~~gere ~~~T s~o~esa~d
~n eacess thercoi, ahall con~a~n the uaua~ sfa~~dard mo~!g.~gce cause or s..ch o+he~ cie~se aa tF.e A1o~tgagee may ~equ,rs, me?~r.g ~he .os~ u~~de~ si~d po
;;es, each and every, payab'e to sa~d A1JRIGAGEE as ~rs ~~rer~~sr ma~ a~~p~~ar, e~~d each and eY~rY s.•ch po~s,r s~~a:l be p~ompuy assg~~ed a~~d de~~~ercd ~
eny held by sa~d MORiGAGEE as fu~fh~r sccunty to sa~d n o~~~+~r d~at. a~~d, i3ot iess than ren (!Ol dars advance oi ~he exp~rot~o~~ ol eech p.;t.cy, ro d.
~ ver to sa~d MORIGAGEE a rtnewal thereoi, togt~her w~+h a rece.+:t tor the p~em~um of such ~ene Ya;; and there shall br no f:re or wu~.lstw:n rzsvrant
p'aced on a~y of sa~d b~:~dangs, any inierest there~n or pari ~hrr~•cf, ~-x ~n rhe (o~~n a~~d w~~h ihe ~oss payable as alcresa~d; and in the e.ent a~ry s~n ~
of money becomes payabie ~nder such pol~cy or poLues s.+:d td7klGAvEE ~hafi have ihe opt~on ro~rce~.e a~~d app!y the same o~ ac.o~:.t ot ~t~e i,~drbtrd
neu sec~~ed he~eby or fo permn sa~d MORTGAGORS to rec~~ne a~~~ ~se it a any i~a~t ~h.•:~•ol tc,r o:~~. ~:~:;~+rs. .:.~~.•~ut
n an u;t Gen w r~ ht undrr o~ b virtve of th~s mcr' a e; and ~n ihe ~~em sa:d MORIGAGORS sha!1 ;w any reason fail to kecp the sa~d p~em~sz~s so t
~nwred, o te I to dei~ver p~anptly any of sa~d {wl~c~es oi i9~wa~~:e to sa d AtORiGAGEE, or ia~~ p:o~t~ptiy to pay fu:ly any prr~~uurn thrrefor o~ a~Y :
respect tai~ to perform, d,s:ha~ge, esecu~e, effec~, canp.r~e, co:~p!y w~~h and a5~de by rh~s covena::t, o~ any par~ ha.eof, sa~d MURTGAGEE may p~ete a^e j
pay fw s.xh ins~rence or any pa~t thereot w~theut waivhig or att~•ci~ng any oNnon, i~en, equ~ty, or r~yht under or by v~rtue of ihis Alor.yage, and thc
f~ll amo~m of each and e.ery wch payment sha{1 be ~mmed~etely d.~e a:~d payab!e and ahail brar interest from the date thercof undl p.,~d at ~he rate ol
•~~-~e per crne„m per annu:n end w~rtl:rr v.~eh svch Inverrs~ sh~,; ~~e s~~c,~.d by the ~~en o+ thls mo~tgage.
4. To permit, commit or suf(er no wasre, impa~rment or dcter~uraf~o„ ot sa~d property or any part thcreof.
5. To pay all and sing~:ar the costs, charges and exEsenses, ir.ciud,~g a reasenable attorney's fee and costs of absrracts of t~tle, incurred or pa~d at
.+ny time by u~d MORTGAGEE, beca~st or in ~he ever.t of the fa iure an tl~e Rart of ~he said MORTGaGOR to du1y, p~arp~iy and futly perfor.n, d~scharge. ~
e¦ecutr, elfect, complete, co~nply w~th and ab de by ea:h a~~d every ihe st~p~~:~af•ons, agrecmonts, condmons, and cove~a~~ts o~ sa~d pio~n~ssory note a~~d ih~s
,,r.tgage any or e~the~, a+ul sad coart, charges and ewpenses, rack a~~d rve~y. ahall be immrd~atefy d~e and payab~e; whether or nof the~e be no~~~e da
~~a~d, attempt fo collect or s~it prnd.ng; and tha f~l! a~*~ount of each ar,d e~ery such payment s~e~i bea~ inferest from the date thereo4 ~mit pa~d at ~he
o' nine per cent~m ~r:r an•~, ail sa~d CGStS, Cf.d:~PS a~o ~>::r~ u: ;ncur~rd ot pa~d, togrther w~th iuch m~erest, shall be secwed by thc I~en of th~s
mort9sfle.
6. That (a) in the event of any breach of th~s Mortgage or defa~Ir on the part of the MORiGAGOR, or ;b) in the event any ot sa:d sums of money
*erein reierred to be no~ pro~~,pe~y and f~;ly pa~d within ~h.~ty ;33~ da~a ne,.~ a•rer the s~~~e se.era::y bccome due and payab!e, wiihout oemend or nouce,
•;c) ;n the event each and eve~v ~he s~~pu,at;o~s, agreemenrs, co^d~~~o•~s and co~enants of sa d promfsso~y noTe and th•s mor?gage a~y or eithe~ are nol
j~:y, promptly and fulty perfo~mrd, dscharged, eaec~ted, e'•fected. completed, compf~ed w~th and a6~ded Sy, then in Ntixr w any such event 1he sa~d ag
a•egate sum mentqned in sa~d prom~ssory note thrn re~»aming unpa~d, w~th ~r.!rrest ac:~~ed, and a~I moneyf secured hereby, shelt become due and pay-
aU.e forthw~th, or thereatter, a~ the op!~on of sa~d M~~2TGAG~E, as t~~~y e~xf comp'e~c~y as ii a~i o` ':z sa~d sums oi money we~e ong~na~ty s~~p~:ated
c be pa:d on such day, anyth~rr~ in sa d p~o:msiwy n~te or ~n fh~s hlo~tgaye to ihe con+rary not,r~~hstand~:.g; and thereupon or thereafter a~ the op~~on ol
sn d MORTGAGEE, without not~ce w demand, suit at law or m eqwry, theref~re or thereal~er beg~n, may be prosecuted as if al) moneys secured hereby
n~d matured pnor t0 ~'s mstit~t+on.
7. That in rhe event ~hat af ihe bcyi~ning of or at any ~~r~e pe~zd~~~g any su~t upon this M:~»gage, or to fwectou it, o~ to reform it, or to enforce
c~ymero of any c~aims he~e~nder, sa~d ,Y,JRTGAGEE s!+a~t opp!y~ to fhe ~ou~~ havu,g ~ur~sd.ct~on ~he~eo' for ~he appo~~nmem of s Rece~ver, such Court shal{
~.~rhwith sppolnt a receiver of said mortgaged property a;: and s~ng~;ar, ~ncivd n9 a~t a~~d s~ng~.ar the income, prof~ts, iisues a~d reven~ei from whatever
sr,,:ce derived, each and every of whch, it be~ng expresiy uncle~s~ood n her_uy morrgaged as if spec~f~caily xt fweh and desuibed in lhe grdnhng and
=:>endum cla~ses hereof, and s~ch Reee~~er sha:l havr a1! t~lf b~oad d^.CI etfEt!i~C fv~u+o~~s and pewers in anyw~se entrusted by a Cou~t to a Rece~~er, and
s.:h appointment shall be made by such touri as an ad ~~r.ed eq~s~ ar.d a ratte~ of abso'~~te nyht to said MORTGAGEE, and withou~ re~erence ~o the
r~eq~acy or inadeq~acy of ~he vaiue of ~he pro~erry mortgagtd o~ ro the so.~~~n.y or ~nSG'ti~~Cy Of said MORTGAGOR a the defendanta, a~d rhat wch
~~^ts, prof~ts, inca~x, ~ssues and revenues shail be app~~ed b~ such Rece.~er accord,ng to the lien or equrty of said MORTGAGEE and the practice of such
C.ourt.
8. To duly, prompt:y and tul!y perform, d:s:harge, execute, esfeci. comp:ete, tompty w~th and abide by each and every ihe stipukations, agreements.
;onditiont and covenenn ~n sa~d promissory nc~e ond th s mcrt~a~e sr+ to~sh. ~
9. That in the evem the ownersh~p of the mortgaged pre~».ses, o~ a•:y part thciccf, 6ccomes vested in s person other tkan the MORTGAGOR, the
.',^,RTGAGEE, its successers and ass;gns, may, wi!hOUt ncnce to ine ,~'.ORiG.40R, dea: w~th wch successor a succeuw in interest with reference to this
n o-tgage and ~he debt hereby secu~ed in the same manr,~r as w~rh ~.1C~t~agor ~x~tho~t in any way vit;ating o~ d~scharg~ng the Mortgagori liability herr
::-der w upon ihe debt hereby secured No saie o1 fhe Fre~.~ses hcrebl me:tgaged acd no forbearante on the part of the MORTGAGEE or its successors
e• ass~g~s and no extension of the t~me for the payn,ent ot the dehr h~ret~y sewred g~ven by the MORIGAGEE or itf successors or ass~gns, aiialt operate
ro release, d~scha:ge, mod~fy chanqe or affett the or~g~nal liau ~.ry of the MORTGAGOR iiere~n, either in who~e or in part.
10. It is spec~ficatly agreed thar t~me is of the esse.^.ce of tt~~s contrac~ and that no waiver of any ob~~gat:on hereunder or of the obligation sr
c.:•ed hereby shaf~ at any time rherea+tcr be heid to be a wa~~er of the terms hereof or of the instrumeM secured herby.
11. In a~d.no ~ to the lereyc n~ •.~omh'Y E:dyrc ~rts of p:,:,c pat and ~~+r~esr rrqu red by the prom sscry no~e se:u~ed h<reb~, mortgagor eovenants
( r-.d agrees to ~ay rc mo•ty~y-ec w•tl: each rr~on~h y pa~• .enr an aa;. ~cnal su~i est • a~rd by morrgagee to be equal to 1, 12 of tSe annual cost of the follow-
f ,a.
~ A-All reaf ~roperty taxes iev~_d a~ assens~•d aga~•~s! t~c aco.r desc~~b:d r,af esrate.
~ B- Pr~m~ums on f~re and a,ndsto~n, insurar ce as nere;n requ.red to be ca~r:rd en fhe ~mproveme~ts.s~t~ate on the a6ove d~scribed prem~ses.
~ `
~ C-Pre~~~ums on s~cfi mo~t~cge gua~anry irsura~ ce as mc•tg~gee sha 1 frc~^ t me ro t~.ne drern fit to carry on the loan uc~red hereby. !
Mortgagee shail irom t:~:e to T~^,e noe~fy me.t ,agot ~n w~rt:rg of the a•rou~t due and payab~e hereundrr and such surn shall thereupon be due and
;~yabte on the due date ef the reRt r.:on!h ~ payn~r.it a~}d e::th success~ve rnon*h thereaft~r uctu mcrtgagee shall nonfy mortgjgor of a change in such
; ovnt. Such sums s~a:i 5e a~{~'~rd ty mortgagre to.va~d the payn:ent of reat property taxes, inwrance prem.ums, a~id mortgage guaranty inwrante i
, •e~niums.
~ IN Y~ITNESS Y.NEREOF, fhe sa~d hAORTGAGOR has hereunto set h~s ha~:d and sca~ the day and year first aforesaid.
" Signed, Seal and 'ver in the presence of: ' I~ ,
G(/ Seal)
~ .~'itn T.: ~erL et •nn
(Seaq
~ -
- - H-'...~'~_ _ (Seap
;
~_ts~ess - - v:~ ~;ae Detl.ng
~ - (Sea1)
~ S~%+TE OFiLORIDA FIOIld3 l
> `~~.~n oF St. Lucie
a Befue me perso~ally appeared _ ROJf'rL .724 i 1Y1C7 snd
=t iV~• :i~If ~LZ1Tt_
,-r ~ his wife, to me wel! known and known to me to be
!he ind~vid~ais drscribed in and who executed the feregoing instrument, and acknowledged befare me that they executed the same fo~ the purposes
- rherein exprcssed. And the sa~d- I~%.} ~•3.'s Q i~ t 1 2 Tt C7
~~fe of the sa~d j~ol)~rt De:lli'1C~ P W
vpon a se arate and iv+te
~ e*am~nat~on by me taken separate and apart fro~n her sa~d husband, ackno,nledged to and before me that she execused said instr~ment ireely and voluo-
_ rar~ly and w~thout any comp~lsion, cons+ra~nt, app~ehens, w fear of or irom her wid husband_
WITNESS my hand and off~c;at seal this_ day of_ "A~e"L~~'~ A. D. 14 ~1
= i ~
7
- Notary ~ic in •nd fa the State o4 ~ at larye
My C ~ss~oo expires: ~ ~ /~7J
- ReT~m to: ~ • NOTARY PUBUC STATE OF FLORIOA AT LA
Fint Federal Savings 3 loan Associatlon
- Of Fc~r P r~ce. MY CGMfdISS10N EXP~RES AUG. 6, 197~
_ GENERAL INSURANCE UNDERWRITER8. INIG
- Fort P~erce. Fio~ida ' ` - _
- . ~i.~
yeiE ~ou~ P
Y~ ~~S~R POIT1~~~~i~.
_ This Instrument Prepared By ..m. E. Lraun . S~~i~j~R~ ~jR~ ~~C~~ ~
First Federal Savings & loan Association ~ y€s~ ~~B
of Fort Pierce , F inr i~'-? , • ~C f~
- PN'~I
Chpcked By ~`C-' ~ . ` .
= e~~K 197 FACf 2!~$ 220322
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