HomeMy WebLinkAbout0103 3. To ptace and co~tinvoe,ily keep on th~ b~~. d:~:gs r,o~n• or here,iter a:ruete on sa~d ~and and on ali eq.~ip~nent and personaily tovtred by thif ma
eae, wrth all pre~u~ms thereon pa.~ m f.,ll, t:re ~r.s~,,ra~~ce m Tha ~s.~at ua:.i~~d pc ~cy form, ~n a s~m approved b~ the AWR~ia%.G't~, a~d v.~~dsro
'~s~rence in ~he usvai ~tsndard poi.cy fo~m, in a s~m s~pru.ed cr +he MJRIGAGEE, ~n such co~npany or compames as ~he 14~OR~GAGEE m
d~rcct: a~d aU fi~e and w~ndstorm ~nsu~ance Fa~~~~~s on any o( ss~d tw~:d:rys, any intarest thesein er pa~t the~eol, in the agg~eya1r sum •faesa~d
in eacess therepf, shail :oniain the usual sta~~dard mafgagre c:ause or s~ch o~her c~avse as ~he Alortgagee mey requ.re, maAing tha ~ois unda~ se:d po
c~es, each and every, payab'e to sa~d AIORivAGfE as ~rs u1r~r~~st may apFear, e~~d each and every svch po ~.y shatl be p~omptiy ats g~~ed a~~d dr~~~rrrd ~
any Fuld by sa~d ~10RIGAGEE as funher sec~~ity to s~~d n~o:tga~e debt. and, no~ iess ~han ten (10) dsya i~ ad~ance ot the e:µl~at~on of each po~~cy, to d.
I,.er to said MORTGAGE~ a rer.ewai thereof, ~oge~her w~th a rrce~pt for the prr:r~:um o1 such r~ne..~!, and thrre shail be no f~re or w~nds~o~m insuianc
p~aced on any of sa~d bv~id,ngs, any ]nterest theie:n u part th:~ecf, ~n'ess ~n ihe (orm a•~d ~n~th ihe ~uss payebie as a!aesaid; and i~i the e.e~t any svn
o~ money becomes oayable under such poGcy or poLurs s.++d M.URiGA:,EE sneii have ~he op~•on to recc~.e ~~~d app'y tne same on ecco~.~~ of tht indz~ted
ness secwed hr~eby or to permlt aa~d MORTGAGOR$ to rece~ve and use ~t or a~iy s~: r~ rh~;cot tor o~i,~•. s:u~; ^srs. .•::!~~~~~t ~h~•~ .Y-~~~^3 ""P~~'
;ng any equity, i~en or r~ght undar or by v~rtue of th~s mcr:~ayc: and m the e~ent sa d.~10~T(',AGORS sh.ill '.or any reason fail to kecp the se~d prem~srs so
,nsured, o~ fail to dr~iver promptly eny of sefd po~~dcs of ~nsu-ance to sa:d A50RTGAGEE, c~ f~~l promp!iy to pay fu'~y any p~e ~~~~m therefur or in a'+y
respect fail to perform, d~scharge, execure. effect, comp:e}r. ca:~~ly wirh and ab~de by this covenant, o~ any pa~t hareof, sa~d MGRi'vAGEE may p:ace a~~tl
pa,.• fw suc~ insurance or any pan thereof w;Thout waiving o: affeai~g any op~~on, iien, eq~Jy, or r~yht under w by v~rtue of ~h~s h1a~~gage. and fh~
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~.~~e per cenrvm per anrw:n and to~rihrr h+th such ~ntereat sl.~i, ;~e scc~r~~d by the Gen o~ th~s mortgage.
1. To permit, tommil or sufFer no waste, impai:rtiem or drteceorat~on of suid proptrty or any part thereof.
5. To pay all and s~ng~far the costs, charges and expenses. ~n;i~d+~~g a reasonable atfo~ney's fee and costs of abstracts oi tiite, incuned o+ paid ~1
t;me by said MOR1GAGfE. because w in ~he event of the faJ~re on the part of the sa=d MORTGAGOR to duly, pranp~ty and f~uy perform, d~schargs.
_.ec~te, effect, complNe, comply w~th and ab,de by each and every the st~p~iai:o~s, agreamenrs, cond~nons. and covenants oi sa~d p~an,ssory note and ~his
orrgage any or edhe~, and sa:d cosn, charges and expe~ses, each and e~e~y. shail be immrd~atety due and payabie; whe~her or not ther~ be no~~ce dr
„.and, attempt to co~lect w suii pe~d~ng; and the ful: a:nount of eac~ ar~d every s~ch paymem shali bear interest from the date ~hereot until paid at the
• re o~ nlne per centum ~~r an•w:n; o:~ ail sa~d costs. chargra ahd ca~~~r.s:s ~nc.,rred or pa~d, togrther w~th wch interest, shall be secured by the liea of th~f
murtflA9e.
b. That (s) in the event of any breach of fhis Mortgage or defav~t on the part of the 1~10RTGAGOR, a;b) in the event any of utd sums of money
herein re4e~red to be not promp!ly and futly pa~d wittun th.ciy ~3u1 dars neAt a`.tcr the same severa'~y bccor*x due and payaUle, without demand or notite,
c~ in the evem eacfi and every the st~puiat~ons, agrerments, cond,t~o:u and covenann of sa.d p:em~swry note and -n~s mortgage any or ei~htr are not
±;,'y, promptly and futfy performed, d scfiargrd, execueed, effecred, canpleted. comp!~ed w~sh and ab•ded 5y, then ~n edther or any such evenl the said sQ
,-~egate a~m menrioned in Said prOmissory note then rema~n~ng u;~Ha~d. w~th i~vrrest acu~ed, and a'.~ moneys sec~red hereby, shalf become due and pay-
e forehwifh, or rhereafter, a~ fhe opt+on of sd~d !KORiGaGEE. as fu~~y a~.d c~mpiere:y as it ali of the sa~d s~ms of money were ag~nally supuia~ed
io be pa~d o~ s~ch dav, anything in sa.d pro:n~ssory note cr in ihn !~\orrge~r ~o the tonfrary not,n~thsta~~d~:~a; and thereupon or the~eaftcv at the op~:on of
s>. ~ MORTGAGfE, wrthovt not~ce or drmand, su~t at law w m equny, thrrefore or thereatter begun, may be p+osecuted as if all moneys setured hereby
r~d matured pr~pr to ,is instirut~o~.
7. Tha~ in the event rAaf at the beg+nn~~g of or a~ a~y r~r~e penA~ng a~y sult upon th~s Mo•rgage, or fo laeclose it, ~r ~o refa:m it, oi to s~force
:avmero of any c~a~ms he~eunder, said I~tORTGAG~E sha ~ app:y tu ahe Couri hav~~:g ~~•nd.cr:on the~eot for the appo~ntment of a Rece~ver, wch Coun sha+l
rc thwlth appoint a ~ecei~e~ of sa~d mortgaged propr.ty ati and s~n3u~ar, in:~~d ng a;~ a~~d s~~~gu~ar ine ~ncon,e, profirs, issues and revenues from v„hateYer
s_ ~•,e drr~ved, each and e~ery of wh.ch, r. be~ng eap:ess'> .rr.c+e~s~eod, ~s Per_ty me-•gsged as ~4 spec:+~ca~Ey set iorth and descr~bed in the g~anting and
~~endum c~a.,ses hereof, ar.d su,fi Rece~~er ~ha:i have a;i :he o::,ad a•~d ritecn:e fv~c! u~~s and po"ers in anyw~se emrusted by s Court to a Receiver, and
s_ch appointment shail be made by sv.h Co~rt as an ad.nitted ryu:'y and a~^ar;er of a~so:ute r.ght to sa~d MORTGAGEE, and witFwut reference to the
a:!equacy w inadeqoacy of the val~e of thr property mo~tgaged or to the su..an.y or ~nso..er+cy of sa~d MORTGAGOR or the defendants, and that such
~~~~fs, profin, inco.ne, iuues and revenues shall be app::ed by such Rece~ver accord.ng to the +~en w equ+ry of uid MORTGAGEE and the practke of such
Court.
B. To duty, prompYy and fuUy perforn:, d~scharge, execute, ef'ect, compirre, comp~y w~th and abide by each and every the stipuiations, sgreements,
:onditions and covenems in sa~d promissory note ond th:s mortgs~e srt iorth
9. That in the event rhe owne•sh~p of the mortgaged prem:ses, o~ anY part tnereof, becomes vested in a perwn other than the MORTGAGOR, the
~RTGAGEE, its successors and ass~gns, may, without ro~~ce te the .YOR7v~OR, dea~ wrth such successa w successw in interest with reference to this
~~o•!gage a:+d the debt hereby secured in the same mar.ner as v~~sh Morvgagor w:thout in any way vitiatir.g or d~uharging the Mortgagoti lisbility here- t
.~~er or upon the debt hereby secv+ed_ No sale of the Fre~.~ses hereb~ mortgaged ar.d no forbearan~e on the part of the MORiGAGEE or its successors ~
o• ass~gns and no exrens~on of rhe t+me for the. paymenr of the debr here~y sec~red given by the MORTGAGEE or its auccessors or assigns, ahall operate
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}o rerease, dstharge, motl~ty change or attect tnt ong~n~i ~~au.~.ty ot tne h.GK+vi.~aJK i~e~r~n, ei~i~er ir~ wiw:r i++ <.e+t. :
10. It is spec~fically ag*eed that time is of the essence cf th;s contract and that no waiver of any ob~+gat~on hereunder w of the obligation se-
c.,~ed hereby sha:+ at any time rhereafcer be heid to be a wa~.rr of the terms ~ereof or of the instr~rnem secured herby.
I 1. I~ aJd.t~o~ to the forege n3 montti!y payTen!s of pnrc ;:al and inr. rest requ~red by the prom,sscry ~o'e scc~red hereby, mo~tga~or tovenants
A~ ~ ag~ees to aay to mo-tgagee m~'h each ~r+ontlry pa~+..e~~t ar, ;~d r~onai au•n ~r• ~ ared by mortgegee to be equai to 1, 12 of the annual cost of the folbw-
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i A-AI; rea~ property taaas te.ie~ o+ assess_d aga~~u~ tnc acove desc•ibed :cal es'ate.
[ B-PfQT.•:J^•1S on fire and wi~:dsto:m ins~•ar[e as here~n req~.r~d tc be ca~r~-~d c^. the :m~,rovements s~tuate on tF.w above des~ribed premiset.
~ ~-Premiums on such mortg3ge guaranty ir.surar:ce as mo-tyagee shait ~ro^^ Yme to nme deem fit to tarry on the loan secured hereby.
k Mortgagee s~a:; 'rom nme te r~+ne not~fy mo~tyegc* ~n wr,t~ng of the a^-.o::~t due and payable hereundrr and such su:n shalt thereupon be due arxl
:~Yabie on the due dafe o4 the neat month!y payme~t a•~d r.,ch w:cesswe *renth thereaftcr ur,til mortgagee shall notify mortgagor of a change in such
~ oont. $uch sums sha:l be app:~ed 'by mertgag>e toward the payment of reai property taxes, insurance prem;ums, a,id mortgage guaranty insuronce i
~ ,..emiums.
~ _~WITNESS WHiRFOF, the sa~d ~V!ORTGAGOR fias herevnto set his hand and al the day and year fi atoresaid. ,
~ , Sealed and del' ~r i~the presence of: n 4tE~i~~~E~
: - F~~ED MTY fL~ .
t - st_~uCiEa
4~ t~s s~eq ,
~ "1 ~ ~ ROCE~ ~t et a ins ~a~ ;
- ~ CtER~ F,f {ED ~
~ - itECOR~ (Sea9 ~
~ _ (Sea4 ~
p~c 16 9 v~ ~'11
~ ~:ATE OF FLORIDA ~ ~
~ ~~U!JTY OF $L . Lucie , 22Q62~ !
Before me penonally appeared Azetha Jenkins ii~
~ ~ iYX~tK to me well known a:id known fo me to be
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~ t~,e indiv~duaV desuibed in and who exec~ted the foregoing instrument, and acknowledged before me that ~hqr e:ecuted the sart+e fw tF?e purposes
therein expresxd. XOOC4(~C~JO ' ~
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~ . . ~7l°~]RSC ' ~ r ~ ~-`ti~•
WlTNE55 m ha~ and offic;al seal th~s__ - da of_ i December "j` ~~3 • '
;,i Y Y r - :
_i ~ 2 ' ~ ,
- ~ f~ C •~~••~M.
Notary Publit in and fo t Statt:D ` q 1ur d~~ ~
. My Comm~ssion expires: G
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Return To: _ ~~i'! . ~J~'~'4
First Federsl Savi~gs 3 loan Associat:on ~~"/«J ~i~ ••:'a~ ' "tt'(~1f
- Of Fcrt P c:ce. ''~r/~~/1//~l,T~.L~'~ :
fo.t P~arce, Ficr~da ~
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- This Instrument Prepared By John W. Collins ~
~ First Federal Savings & loan Association
of Fort Pierce ~ F lor i da
Checked By ~ ~g$
ooK ~cE
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