HomeMy WebLinkAbout0658 3. To platr and cont]nuous:y ketp on rhe bu~ d~ngs now or heresfier a~tvare on sa~d land and on at1 ~q~~p~nent and persona~ly covered by ~his mor
ege, w~~h all p~emiums therea~ pa:d :n fuii, f~re ins~rance ~n +ha uswt s!endard pol~ty form, in a svm ayprored by ~he h1pR~i~~GEE, and w~nds~o
~nsurante in the uswl uanda~d pot~cy form, in a sum appru+ed by the MORTGAGfE, in suth company or ~ompames as the R10RTGAGEE m
d~rec4 and all fire and w~ndstorm ~nsurance Fo1lc~rs on any of said tx,~id.ngs, any in~ereat tf~ercin or pan thereof. in the aggrega~e sum ~foreiaid
in excess thereof, sha~l :ontain ths ufual standard mortgager ciause or i~ch o~Fur cinuse as fhe Martga9ce may rrqu,ta, maA~ng Ihe loss u~dtr sa~d po
c~es, each and every, payab!e ro said h10RTGAGEE aa ~ts inicrest may appear, and eecA and every such po:~cy ~hail be promptty ass gned s~~d de~~ve~ed i
any heW by sa~d MORiGAGEE as funher security to sa~d mortga3e debt, and, no~ ~ess ~han ten (101 daya in advance ol ~he expi~et~on of each poiicy, to d~
:,ver to sa~d MORiGAGEE a renewal ~hcrcof, ~ogeiher wirh a r~ce~ps tor ~he p~r~n~um oi such renewal; and tnere shall be rw Lre wii~dstorm insuranc
placed on any of said b~ild~ngs, any in:erest tnere~n cr part theceof, un~rns in the form and wi+h the ioss payeble as a4o.esa~d; and in the eveM any sun
of money becomes payabte u~der such pelicy or poGcies seid AtORi„AGEE shall have ~he opt~on io receive ar.d apply the same on a<count of the indebted
ness secured hereby or to permit said MORiGAGORS to retei~e and ~se it or any part th.~:eof for o~ncr p~rccsrs. .•.~~~~~t th~~:o~ ~va~.~i~ o~ ~~~~pa~~
ing any equ~ty, lien w righl uoder or by virtus of ~his mo:cgaye; and in the eveM sa,d M0~21GAGORS shall fo~ any ~eason fai) to kaep the sa~d prem,s.s so
msured, or fail ro detiver promptly any of sa~d po~~cies of in~uranC2 to sa;d MORTGAGEE, or fai: prcmptly to pay futly any pre~nwm therafw a in a~y ~
rtspect fail to pe+fprm, dischargq eaecute, effect, comp~ete, co nply wnh and abide by th;s covenant, a eny part hr~eof, sa:d h1UR1GAGEE mey piace a~d '
pay fw svch insurance o~ any part th~reof w~tlw~t warv~ng ot attett~ng any op~~on. uen, equoy, or nyi~t u~~ur~ w uy •i~wa u~ ~~~~s ::,.,+:yey., i.•J .~t i
t~il smovro of each and e.ery such payment shall be ~m.~ned+ately due and payable and shall bear interest irom the dete thereoF until pa~d at ihe rate of ~
n~nr per centum per annum artd ro~ethrr N~rh such inrerest shaii 1x src~red by the lien of th~s mortgage_ ~
1. To permit, mmmil or suffer no waste, impairment o~ deteriorat~on of sa~d property ot any part thereof.
5. To pay all and siryuisr the costs, charges and expenses, incfuding a rrasonable attwney's iee and costs of abstractf of title, incurred o~ paid at
any time by sa~d MORTGAG'E, because a in the eveM of the fa~iure on the part of ~he said MORiGAGOR to duly, pro~~tptiy a~d fully pe~form, d~uharge.
axecute, effect, comp:ete, comply w~th and ab:de by ea.h and every ~ne stipu!at:ons, agreements, co~ditions, and covenants of sa~d p~omissory note and ~hes
-~ortgage any w e~ther, and sa:d costs, charget and e:penses, each and eve~y, shall be immed~ate~y due and payab!e; whether or not thrre be notice dr
mand, a»empt to co~lect or suit pend.ng; and the fu;l a~noum of each and e~e~y such payment shall bea. inferest from ~he date thereo4 until peid at the
r,te o~ nfne per cent~m ~;r annurn; and ali sa~d costs, charges a•~d expenses frxu:red or paid, togefher w~th such interest, shall be secured by the lieo of this
mortgage.
6. That (a) in the event of any breach of ~his Mortgage or defa~lt o~ the part of the h10RTGAGOR, o+ (b) in the event any of sa:d sums of money
herein referrrd to be not promptly and fu~ly paid wirhin th..ty ~30) da~s nex! a~~cr rhe sa~»e severa ty beca»e due and payable, without demand or notice.
cr ~c) in the eveM each and eve~y the stipu~ations, ag~eements, cond~t~o~~s and covenany o! sa.d promissory note and th:s mortgage any or e~ther a~e no1
:~ly, promptly and futly performed, d.scharg~d, exxuted. effected, complered, compi:ed w~th artd ab~ded Sy, then in e~tlwrr w any such event the said ag
yregate sum mentioned in said promissory nete thrn remaininq unpa~d, with intere;~ accrued, and a~l money~ secured hereby, shall become due and psy-
zo:e forthwith, or thereafier, at the opt~on o4 sa~d MORTGAGEE. as f~:ly and compler~ly as ii alt of the sa~d svms of mor.ey were w~gmatly shpu:ated
ro be pa.d on such day, anyth~ng in sa:d prom~sso~y note or m this A\ortgage to ~he conrrary no~rv~~hsta~.d~ng; and thereupon a thereafter a~ the opnoo of
s~.d MORTGAGEE, withovt nonce or demand, su~t at :aw a in equ~ty, theeefore or thereafter begun, may be prosecuted as if all moneys secured hereby
a~ai~rrd p:.~t t.~ .:3 ir.ih!...~o:~.
7. That in tFx event that at the beginn~ng of or at any ti~ne per~d~ng any su~t upon this Mortgage, w!o foreclose it, or to reform it, or to enforce ;
; aymen! of any cia:ms F.e~eunder, said MORTGAGEE sha;l apply to the Cour~ ha~~ng ivr~sd:d~oa rhereof for the appo~ntment of a Receiver, such Court shall
+c rhwith appo~nt a receiver of said mort,agad propetty a11 and sing~tar, ind;,d.ng a:l and s~nguiar rhe mcome, prol~ts, issues artd ~evenues from whateve~
s.~rce derived, each and every of wh:ch, ~t be~ng express!y vnders}ood, is he:eey morrgaged rs ii spec,f~caily set iorih and described in the groro~ng and
habend~m dauses hereof, and such Recei~er shali have a~1 the b¦oad an~ efiecr~„e f~n:f•ons and powers in anywise entruited by a Cou~t to a Receiver, and
s. ch appoi~tme~~t sh3fl be made by wch Court as an ad~nitted equity and a matter of absot~re r~gM to said h10RTGAGEE, and without reference to the
adeq„acy or Snadequacy of the value of the properry morrgaged or tc the so.vency or msoivency of sa~d MORiGAGOR w the defendants, and that such
r-=~n, profits, incane, issues and revenue~ snail be appE~ed by svch Receiver ac.ord~ng to the lien or equity of said MORiGAGEE and the practice oi auch
Courf.
;
8. To duty, promptty and fully pe~form, d~scharge, execu~e, effect. cor:=plete, co~~ply w~th and abide by each and every the stipulations, ~greements, (
:or.ditions and tovenants ~n sa~d promissory no!e and th~s n,crtgage srt forth. ;
9_ That in the event the ownership of the mor!gaged pren,~ses, cr any part thereof, becomes vasted in a person other than the MORTGAGOR, the
;t^RTGAGEE, its succeuors and ass~9ns, may, wivho~t no~~ce to the MORiGAOR, deaf wrth such successw or successw in ~nterest wi~h reference to this
To~igage and the debt hereby sec~red in the same ma»r.er as wi+h 1.'1ort~ago. wnho~t in any way vit(atirg or d~scha~gi~g the Mortgagors' liability herr
under a upon the debt hereby secu~ed. No saie of the Frem~ses h:.eby rno:tgaged and ~o forbearance on the part of the MORTGAGEE w its successors
c• ass~g~s and no eatension ot the time tor the payment ot the tlebt hereby secured g~ven by tne MVKftaAls~t or ~ts svccessws or ass~qns, a~wii operale ~
~o re!ease, d~scharge, modify change w affect the orig~nai lian:;~ty of the A~CRTGAGOR hcrein, either in whole o+ in part.
' 10. It is speufically agreed that time is of the essence of ~his conrract and that no waiver of any obl4gat~on hereunder w of the obligaYan se- ~
j cured hereby shall at any time ~hereaiter be he:d to be a waiver of the trrms hereof or of the instrumem secured herby.
~ I l. in add!t~o? to the forego ng mo~th!y paymenrs o! pr~:~c ~al and i~',!e.esr requ~:ed 'oy the prom ssory no'e sccured hereby, mortgagar tovenants
j ard agrees to ~ay tu morigagee v.~rh each mon~h;y pay:. e~~t an add~~~c~al sum esr a•ated b~ mortgjgee to be equal to 1, 12 oi the annual cost of the follow-
E
r A-Alf real property taaes ~evizd or assessed agai~st thc a~ve desr. ~h~~d rea! estate.
S . ,
i B- Pf°T.~UTS on fire and w~r.dsto~m ~nsurarce as nerein rcqu:red to be cerred cn tha :mrrovemeits s:wate on the above desaibed premises_
€ C-Premi~ms on such mortg~ae gua~anty irs~rar.ce as mo•tgagee shail from t~me to time deem fit to cavy on the loan sec~red hereby.
3 Mortgagee sha~l from time to t~me ~o!if~ mcr~g3ge. m wr~t~ng of the arr.o~~~r d~e and payable hereundrr and wch surn shall thereupon be due and
s .~;able on the due dare of rhz next monthtf paym~„t and each svccess~ve morith rhereafier ur:t~l mortqagee shall notffy morrgagor of a change in such
~ _ ount. Such sums sha;i be ap~;'ied by mortgagee toward tt~e payment of reat preperty taxes, insurance prem:ums, a:~d mortgage guararty insurance
::~emium3. •
y IN Y~ITNE55 YJHEREOF, the said MORTGAGOR has Fwreunto set his hard and seal the dry and year first aforesaid. ~
~ , Sealed and de'' er in the presence of: ~ `
a ~
~ H race R. a er Jr. x,p
~ ~
(Seaq
~ Gertrude R. Cazter ,~aq
~ s;aTe oF F~oai~a -
~ ~
_~ur~nr oF St .Luc ie _ ~
~ Horace F. Carter, Jr.
Before me personally appeared
~ Geztrude R. C~ft6r his wife, to me well known and known to me to be 1
t~e individuats desuibed in and who executed the foregoing instrument, and acknowledged before me that they executed tbs san~e fQr tFie purposes ~
r' rherein expressed. And the said ~rtrude R. Carter r_T~
. • : ,
Hozace F. Carter .1t,~ =
; ~~fe of the sa~d ~ o{~on a,seQ~i~? tad pr~wte
~ e.am~na~~on by me taken sepa+ate and apart from her sa~d h~sbaod, acknowledged to and before me !hat she enec~rtrd qid ins~rarrtw~~ i~+d volun-
< rarily and w~thavt any comp~lsion, constraint, apprehe~s~on, or feer of w from her said sband. ; t:
'S ~ecenber ~ . 71
W I T N E S S m y h a n d a n d o f f i u a l s e a l t h i s_ ~ - d a y of ' ~ . ~~~_~9
' ' - _ f i
:
Notary Public in and fOt ~8.~ 1_•'f It
My Commission expires: - - ;
Ret~rn To: NOTARY PU~' LARGE
First Federal Savings 3 loan Assoc7at;o~ MY COMMISSIO 1 .`25. 1975
- Of ~o.~ v E~ce. Boeded ~r Amerian Bsnkers Inwrance ro.
;'f Fort Pierce, Flo~~da
FIlEO ai~1D RECORDED
=:T ST. LUCIE COUNTY, FIA. ~
= ~~;-:COR~ VFRtF!FD
~A~ This Instrument Prepared By Joht1 W. Collifls 2`ZOSO~ '
First Federal Savings 8~ loan F~orida u `
of Fort Pierce ~ ~7 ~ ~E~.' 't2 P~'1 ~2 •'10 :
:
s:w
_ Checked By
:.n ;=O~TR~S
aoa~~~$ ~ ~5~ CL~RK C?FtCt11T COURT ~
- ~