HomeMy WebLinkAbout0660 3. To place and cw~tinuouslY keep on the b•..~.d~ngs now o~ hereaf~er s~tuate on sa~d fand and on ali eq~ipment a~~d pe~sonaily co.e~ed by this mw
ege, w~fh all prem~u~~~ thereon pa.d ~n 1uil, 1ue i~~s~;e~uc ~~a ~s~al standa~d po!~cy lorm, in a su~+ appro~ed by ihe h10RivAGEE, and w~nds~o
~ns~rance in the usual s~andard po1 q form, in a s~m epprp~ed by che MORTGAGEE, in sucb company or compan~es as ~he I.tOR1~AG:E m
d~recr, •nd all firs and w~ndsto~m insurance poGc~et on a~~y of sa,d bu~id~nys, any interesl therein or part thereof, in the agg~egare sum a4wesaid
~n e:ceu thoreof, shatl contain the usual standa~d mort~agee cia~se or such o~he. da~se as the AAortgagee niay requ~re, maling ~he loss under se~d po
c~es, each and every, payab!e to aaid MORTGAGEE as ~ss mterest may appear, a+~d each and every such po!icy shall be promp~ly ass gned and delivered ~
eny held by ~~id MORiG~4GEE ~s furiher trcurity to sa~d mortyage drut, and, nol less ~han ten (10) days in ad+ance of the exphat~on o1 each pohty, ro d~
I;ver ro said MORiGAGEE ~ renewal thereof, to~e~her with a rete~~t for tha prem~um of such re~~ewa~; and the~e shall be no fire or windstorm insuranc _
plated en any of said bui:d~ngs, any interest there~n w part thereof, un,css in ~he form and w~th tht losi payab'e as aforesaid; and in the event any sun
ot money becol++e~ payable ui~der such poticy or po~~cies seid AtORTGAGEE shail have rhe opnon to receive and app!y fha san,e on account o) the indab~ed
ness ~ecured hereby or to petmit sa~d MORiGAGORS fo receive and use it w any part th~reof fer o~~~rr F:ur~~oses, w~tho~t ih~.ror .va~~~~~3 .:r ~n~pair
ing any ~qu~ty, lien w~iqht undr~ or by virtue o1 th~s mo:tgage; and in ihe event sa;d MORTGAGORS shall !w any reason fail to keep the sa~d premises so
inwred, or fail to de~ivtr pranprly any of said pol~cies o1 insuran~e to sa:d MORTGAGEE, or fail promptly to Nay fully any pre~nwrn thcrelor w in a~y
renpect (ail ro perfwm, discharge, exec~te, eflecl, canplera, co:nply wi~h and ab~de by this cove~aM, a any pan h~reof, sa~d MORi;~AGEE may p~ate a~~d
pay for such insurance or any part thereof w~sho~t waiw~g w atteu~ng any op~~on, i~en, equay, or nam unoer w oy ~uwa ~i r~~s ;.;.,~~y..ye, .~~u +•`:i ~
full amovnt of each and e.ery svch payment shall be lmmed~ately due and payable and shail bear interest from tha date thercof until pa~d at the rate of
~.ne per tent~m psr annum a~xl to~ethrr ~ith such 1~ltc':CSt ~h3~1 be srcur.d by the i~en of thii mortgage.
1. To permi~, commit w suEfe+ no waste, impa~rment or detcriorohon of said property or any part thereof.
5. To pay all a~d singular the costs, charges and ezpenses: +nduding a reasonable anwney's (ee and cosrs of abstraus of titte, inwrred or paid at
aay time by said MORTGAG'_E, betause or in the event of the fa~lu~e on the part of the said MORTGAGOR to duly, pro~rpNy and fully p`rform, d~xharge,
z.ecvte, effett. tomplete, tomply w~th and ab:da by each arxl every ~he stipulai~ons, agreements, condihons, and covcnants oi sald p~om;ssory note and this
„ortgage any w ei~her, and sa~d coats, charges and eapenses, each and every, shall be ]m~nediately d~e and payabtr; whether or not there be no~~ce dr ~
r.»nd, attempt to co~Iect or svit pend~ng; and the 1~!1 a~nount of each and every svch payment shall bea. intcrest from the date thereof until paid at the
.~e os ni~e per centum pe~ ann:,:n; and all said costs, cha+ges a~d ex~er.ses ~ncwred or pa~d, togeiher with such ~merest, shall be secured by the lien of th~~
mortpage.
6. That (a) in Ihe event of any breach o( thia Morrgage or defaut~ on fhe part o~ the MORTGAGOR, or (b) in the event any of sa~d sums of money
hcrein referred to be not promptly and futly paid with~n th.~ty ~3J1 da;s nex~ a'fer ~he same severotly become due and payab!e, w~thout demand or no~ice,
er (c) in the event each and every the stipu'.ations, agreements, cond~tio~s and covenants of sa:d promissory note a~.d th~s mortgege anY o~ either are not
~viy, promptly and ~uUy perfamed, d:scharyed, executed, efFected, compteted, complied wnh and ab~ded `ay, then i~ either w any ivch event the uid ag-
~regate sum mentioned i~ said p~omisswy note then remaining vnpaid, w~th inrerrst aarued, and ail mo~eys secured hereby, shafl become due and pey-
ae.r fa~thwith, or thereafrer, at the opt~on of sa~d h10RTG.SGEE, as i~ily and completely as if ail of the said sums of money were w~g~nelly sr~p~;ated
re be pa:d on such day, anything in sa.d oro:n~ssory oote or i~ thls Mortgaye to the co~urary nor,v~rhstand~:.g; and thereupon or thereafte~ at Ihe opnon ot
s>.d MORTGAGEE, v~~thout nohce or demand, avit at Iaw or in equ~ty, ther¢fore or thereafter begun, may be prosecWed as if all moneys secvred hereby
~:~~3 Il1diV(CO Pt~pi 10 ~1i ilii.:ili~Jfl.
7_ That in the event that at the beginn~ng of or at any t~~ne pend~~g any su~t vpon th~s Mortgage, o! to foreciose if, or to reform it, or to enforte
cavment o( any c!a~rr.s herevnder, said A10RTGAGEE shal; apply to rhe Court hawng ~urisd:tt:on thereof for the appo~ntment oF a Rece~ve~, such Covrt shall
+o~thwith appoinf a receive~ ef said mortgaged property ali and s~iyv~ar, ~nclvd ng all and s+ngv~ar ihe income, profds, iss~es and revenues trom whatever
s: u•ce derived, each a~d every of v~rh.ch, It be~ng eapress~y under:iood, is hereby mo*tgaged as if speafecatty set io~th •qd destribgd in the granting and
habendum da~ses hereof, and svch Receiver shall have au the b~cad and effec~we fu~~u:ons and powers in anywise entrusted by a Cou.t to a Receiver, and
s. ch appointment shall be made by wch Court as an ad^~iitrd eq~ny and a ma~ter of absoiure right to said MORiGAGEE, and without re(ere~ce to the
edequacy w inadequacy of the vatue of the property mortgaged or to the so.vrncy or mso:verxy o( said MOR~GAGOR p the defendants, and ~hat wch
re~•s, profits, incane, issues and revenues shall be appiied by such Rece~~er accord~ng to the iien or eq~ity of sa~d MORiGAGEE and the proctice of such
Court.
8. To duly, promptly and f~lly perform, d~scharge, exe:u!e, effe:r, corrWlete, comply w;th and ab+de by each and every the stipulations, agreements,
conditions a~d tovenanrs ~n sa~d promissory note and th;s mortga3e set forth.
9. That in the event the ownership of the mortgaged p:en;~ses. or a~~y part thcrcof, 6ecomes vested in a perso~ other than the MORTGAGOR, the
4tORTGAG£E, its succeswrs and assigr.s, may, wi~hou! rot~ce to rhe AIJRTGApR, deal wnh svch successor w suceessor in intere~t with reference to this
n~origage and the debt he~eby secured in the same ~~anner as ~n•~th Mor?gagor w~tho~t in any way vit~ating w d~scha.ging the Mortgagori liability herr
under or upon the debt hereby secvred. No sale of the pre~n~ses h~reby mo~tgaged and no forbearance on the part of the MORTGAGEE or its successors
o~ ass~gns and no eatension of the time for ihe payment of the debt hereby securrd given by fbe MUKIISAt,t[ or ~ts succeswrs or ass~gns, snau opera~e
ro release, d~uharge, mod~fy change or affect the orig.nal liao:lity of the MORiGAGOR herei~, either in whole or in part.
10. It is spec~ficalfy agreed that time is of the essence of th~s co~tract and that no waiver of any ob~~gat~on hereunder or of the oblega?ion sr
:ured hereby shal~ at any time thereafter be heid to be a warver of the terms hereof or of the insvumem secured herby.
11. In add.t~o~ to the fwegc ~~g month!y payrn_~ts ot p•inc ~a~ and im~ rrsr requ~red by ~he prom;ssory no!e sec~red hereby, mortgagor covenartts
i d agr`es fo pay to mo-tgagee vvith each inon~h:y pair.,ent an ad.;:nunai s~m ast ated by mortgagee to bt equai to l, i2 of the annua~ cosl of the follow-
~ ,3:
~ A-All real property taaas levie~ or assesscd agai•~st tn•_ above descn~ d r:-al estate.
8-Pr~~r.~ums on f;re ar.d .v~ndstorm ~nsura~ce as nere~n req., red to be ca~nrd c~ the ~mproveme~ts s~tvate on the above d~scribed premises.
C-Pre~~i~r*s oo such mortgage gvarar.ty ir.sura~.ce as mortgagee sna!I frc~ t:m.e to nme deem fit to carry on the loan secured hereby.
4 Mortgagee sha l from t~ene to t~~:e nctify mcrtgager m wrrtiny of the amo.;~t d~e and payable hereundar and s~ch Surn shall fhereupon be due and
i :.~vabte on the due da!e of the next month:y oayrnent and eacn succeszive mor.!h thereaiter ucti~ mortgagee shall notify mortgagor of a change in svch
~ .°eunt. $uch sums sFa.l be appiird by mertga~ee toward the paymem of real property tazes, insurartte prem:ums, a~td morigage guaranty insurance
r n•emiumi.
~ IN \YITNESS Y~HEREOF, the said A10RiGAGOR has hereunto set his hand and seal the da an year first aforesaid.
~ Signed, Sealed and delivere~ in the presence of: • y
~ ~ Sean
e ~
3 ~ a (Ses4
~ ~
~ ` (Sesl) .
' - - ~ 1'~S C33@ Seaq ~
~
~
~ S;ATE OF PLORIDA '
~ u.
~ _oun,n oF St. Ia~cie i
~ Before me personally appeared ~81'~ln v. Cag@ and
£ :ia A. Case
~ his wife, to me well known and known to me tn be
~ rhe individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for ths purposes ~
~ rherein expressed: And the said ~2'Y Case ,
w~;
y ,evife of ~?~e said - M3TtfD V. Case: oeat r~ a~+d at~ .
e:~mination by me taken separate and apart from her said husband, acknowtedged to and before me that she executed said ir~s~Ji~+en!'~`ieslp ahd volurr
'3 rarily and w~thout any compuision, constrnint, apprenens:on fear of w from her said husband.
~ WITNESS my hand and officlai seal th~s_ day ~f ~ December f"' p. ~q~_~~!
\ _ ~ - _ -
i~ Nota Public in and for he Iate bj ~}e`idi-at 4r9e}
,J; My Commisaion expires: - ,f /';w~ t~ ` "
Retum To: ~O}('r '~:r/•.Fy`~`'
Fint Federal $avings a ioa„ ti~:x~af~o~ FiLED AND RECO€tDEfl<_
-:r.~
- of ~o« Pr«e. ST. LUCIE COUNTY. FLp. ~~-7~~~ ~
For! Cierce. F!o.~da e,rrpR^ VERIFlEO
= - ~ 2zosos 3
- ~
'71 DEC 22 PN !2 : 2 ~
This Instrument Prepared By J. D. Chastain
First Federal Sav~ngs & Loan Association
= of Fort Pierce , ?~lorida
:.O;;~R r OITRt.S
= Checked ey CI..ERK CIRCUIT COURT;
6~CK~~~(3 P!lf~f 6~ lis