HomeMy WebLinkAbout1690 3. io place and cont~nuouaiy keep on the b~~ d~~9s nc+v or hrr~~,irrr ~rt~ate on s~~d Iand and on a~l eq~ipment ar.d pers~~a~~y cove~rd b~ ~h~s mor
±~e. w:th all prem;v~^s th.,reon pa d ~n fu'1, fne insurancr ~n ~he ~ sw; s~a+~dard po ~cy fo~m. in a aum aHp~o.ed b~ tha h1~R~v~~i~EE, e~ d w~:,Js~o
~nsurance in the usual ae,~~:da.d poLCy fo+~n, in a wm aE.pro:~°d b~ i~~c A10RTGAGEE, in such company oi cu~npa~.ei aa ~he Ax021~.=.GEE m
d~recl; and all fire and w~ndstorm insurance po!~cies on any of s.+~d b~~'d.nys, any ineeres~ the~e~n or part thereof, in the aggregar2 sum ato~esa~d
in exceu ~hereoi, aha:l contain the us~al sta~~d~rJ morry,gre uause or s~:h e~her ctause as the l~lo~tgagee may requ.re, n~a?ing the ~oss u~~der sa~d po
c~es, eath and every, payab~e to said M1tJRTGAGEE as ~ts ~r.tar~~st may apprar, snd each and eve~y such po'~cy shall Ix promptly ass g~~ed and de~~v~red i
any held by sa~d h\ORiGAGEE as fu~thzr securi~y to sa~d ~»or~y~yr d~•b~, a~:d, no~ less than ten (I01 days i~ ad:ance of the exp~~nr~a~ 01 each yoGCy, to d.
I~ver to sa~d MORT ;AGEE a re+~ewat thereof, toge~hr~ wnh a rece~pr for the p~en~ium oi su,h re~~r+~a!: and tF.ere shail be no f~re o~ w~~~duorm inwranc
p!aced on any o! said bvi!dmgs, any inrrres~ thrre,n a part rhereof, un!e ss ~n rhe fam and w~rh the loss paye~le as aloresa~d; a~d in the event any sun ~
oi money becomes payable o~der such policy or poikias s~~d MOk1GAGFE s4~.i11 h3ve the opt~on to recaive and appiy the sa~ne on accounr of ~he indaotad (
nrss sec~red hereby w to ~rm~t sa~d rAORTGAGORS to receivc a~d use it a any pc,it ~h•~:cof for o:~~••r i.v:;~~scs, .~.;~i,o~r ~~i ""P~" ±
~ng any equ~ty, I;en or ri9h~ under or by virwe of this mc-'gay<; ar.d in thr e~c•^•t aa,d A10RlG~GORS sha!1 fo+ any reason fail to k~ep the sa~d prem~ses so
;nsured, or fail to de~~ver promptly any of said {w~~c~es of ~nsurance to sa d MORTGAGEE, or fa~: pron,ptly to pay fu~ly any p~r~n~.,m thcrefor or in a~~y
resped fail to per(wm, d~scharge, eaecute, effect, ca,~prer~. co>>p~y wifh and ab~de by th~s cove~~a:~t, o~ a~y pa~t hareof, sa,d h1JB7;,:+GEE may p,ace a~a
pay fo~ such inwrance or any part thereof w~thout waiving o~ aff~•u~r.g any opt~on, tiEn, equ~ty, or r~ght ~ndai oi by wrtue oi this hlortgayr, and tht
full amount of each and e.ery svch payment shail be ~mmed~ately due and {ayable and shat! 6aar interest from ~he date thereof untii p.,id at the rate of
n,ne pe~ centum per ann~~n and to~rth~~r v,vth such ~~~te~ost sh.;~~ b~ s_~c~:~°d nv the litn of th~s mortgage.
1. To pe~mit, commit or sutfer no wastr, impairment cr Jr~er~ora'ion of sa~d property ar any part the~rof.
5_ To pay all and iingular the costs, charges and expenses. ~nclud~ng a rea>onab!e atromey's fee and costs o4 abstracts oi t~tie, i~curred or paid at
,~y time by said MORTGAGcE, because o~ in ~he event of thr fa.~ure cn ~he port of the sa~d MORTGAGOR to du1y, pra,~p~ly and f~uy perform, d~scharge.
execute, efieu, complete, comply wah a~•d ab;de by each and e:ery ~he st~p~lat.on5, agrermenti, condit~ons, ar.d cove~~a~vs of sa~d p~o:~~~ssory note and ~h~s
»ortgage any or either, and sa:d costs, chargea and eapenses, each and every, shaii be immrdiate!y dur and payable; whether a~ not there be nonce dr ,
^~and, attempt to colled or suit pend:ng; and tne full amo~nt oi each a~~d e~ery such paymen~ shali bea~ intcres~ fro~n the date thereof u~~~~ pa~d at the
~~re o~ nine per cenru~n per an„u and aii said cos~s, chargri a:~d c,::a~~ses :.~c~~red or paid, together wuh such incerest, shall be secured by the Gen of th~~ '
mortgage.
6. That (a) in the event of any breach of this Vlorrgage or defau!f on ~F~ part of the h10RTGAGOR, or (b) in the event any of sa:d sums of money
h~~rein refened to be not pro~nprty and ~u;ly pa~d w~fh~n th:rty t30i d~ys nenT a~~•~r tFee same se.era:;y beco~ne due and payable, w~thou~ demand e~ notice,
or (c} in ~hr event each and every the stipu':ations agreements, cor.d~t~o~~s and covenants of sa.d promissory note and th~s mortgage ~ny w e~ther are not
iu:y, promprly and ful~y performed, dscharg•~d, eaecuted, eifec~ed, completed, compi~ed wiih ar.d ab~ded Sy, then in e~ther or any such evem the sa,d ag-
~:egate sum meMioned in said promissory note then remam~ng ~npa~d, with inrrrest atuued, and a:l moneys setured hereby, shall become due and pay
ao!e forthwith, or therea4te~, at the opt~on of a~~d 1.10RTGAGEE. as fu:ty and canpletely as 7f all of the s~~d sums of money we~e origi~ieily snpu;ated
ro be pa:d on such dey, anything in sa.d pro:n~ssory note or in this ~.lorlga3r to the co~~~rary no~+~~ths~3nd~~~g; ard thereupon or thereefte~ at the cpt~on of
s~,d MORTGAGEE, wirhout nonce or demand, su~t at law or in eqvuy. ther~fore or therrane~ begun, may be prosecuted as if all moneys secured hereby
n:d matured pnor to os institution.
7. That in the event that at the brginning of w at any ti+ne pend6,q any suit upon thfs Mortgage, or !o foreclose it, or to reform it, or to enforce
paymCnt of any claims he~eunder. sa~d MORivAGEE shafl appty to the Court having jvnsd.c:~un thereof fer the appoinrment of a RecErver, svch Co~.t shail
ferrhwifh appo~m a receiver of said mortgag.d property ali and vng~~tar, in;:ud ng a? a~~d s~~~gu~ar ~he income, profin, issues ar.d reven~es from whatever
scu.ce derived, each and every of wh.ch, it be~ng expross'y ~~nd<<s+cod. ~s Ferrby mortgaged as if spec~ficafly set forth and described in the gran~~ng and
~.~bendum c!a~ses hereof, and such Rece~ver shaii have ai~ ihe bi:•~d ard rfTetuve fu.^.ct,o:n and powers in anyw~se envusted by a Gourt to a Receiver, and
s.ch appointme~v shall be made by wch Court as an ad~rtr~d cyu~:y and a~~a~trr of absotur~ right to sa~d MORTGAGEE, and wnhout reference to the
adequacy or inadequaty of the value of the prope~ty mo~tgrged or to ii,e s~.vency or inso:~enty o( sa~d MORiGAGOR oi the defendants, and that such
re~,+s, profits, incane, issves and revenues shali be app~~ed cy wch Rec~~ver ac.ord~ng to the lien or equity o( said MORTGAGEE ar.d ~he practice of wch
Court.
8. To dufy, prorrprly and ful'y perform, d~scF:a~ge, execute. efiecr, comp:ete. comNiy w~th and abide by each and eve~y the stiputations, ag~eemeNS,
cond~tiens and tovenants m sa~d prom~ssury note and th.s ~*~or,yage sct fo+th.
9. That in tfie event the ownersh~p of the mortgaged pre~~~,ses, or a~~y part thereof, 6ecomes vested in a person othe~ than the MORTGAiaOR, the
.'ORTG.AGfE, iu successors and asslgns, may, w~rhour no+~ce to the ;.',ORTGhOR deat wilh such successor or wccessw in interest with reference to this
o-tgage a~d the debt hereby secured in the same manner as w~sh t.lort~agor w~:heut in any way vi~iating or d~scharging the Mcrtgagors' liabiiity here
;;rder or upon the debt hereby sec~red. No sa~e of ~he F~e~~:~ses herebi me~~gaged a^d no forbearance on the pa~t of the /JSORTGAGEE or its successors
or ass~gns and no exrens~on of the hme for the payment of the debt hrreby secured given by the IhORTGAGEE or its successors or ass~gns, a~iall operate
to re~ease, d~scharge, modify change or affect the orig.nal I~ai~.l:ty of the htORTGAGOR hereen, ei!her in whole w in part.
10. It is speufically agreed that time is of the esserce of tfi~s contract and that no waiver of any ob:~gat~o~ hereunder or of the obligation u
cured hereby shall at any time thereafter be held to be a woirer of tF:e tecros hert-of or of the insirumeM secured herby.
I1. In add,Y,o~ to the foregc r,9 ~rontMy pay~n_~n~s of F;n u;:al and inf~~rest ~eq~~red 'oy the pro:n sscry nore scwred hereby. mo:tgagor tovenants
~-.d agrees to pay to n:o~tgagee ~nith each ir.onth:y par~. ent an a;i:3:r~cnai su~n es1 ated b~ mortg3gee to be equal to 1, 12 of t~1e annual cost of the follow-
~ ;;,y:
~ A-All real prope~ty taxes lev~~c', or assess~•d ayai~~st ~h: above descr~b~d r~a! es!are.
B-Pr~m~u~ns on fire and v~~ndsrorm inwr3rce az her,;n r,q~.red to 6e ca*ried cn the ~mprovements s~tuate on the above d~saibed premises.
~ C-Pre~riu~ns oa sucfi mortg~ge g~aranty icsura~.ce as mo•tgag•_e sha~~ fro•r ~ me to tune deem fit to carry on the loan secured hereby_
~ Mortgagee sha%I from tirne to t~.Te norif~ mertgagcr ,n w~~img of the a^:ou~t d~e and payable herrundcr and such wm shall thereupon be due and
; ayable on the due date of rhe r.c,et n•:onth; f payment and each succe:s~ve :*~onth rnereafter uctii mertga~ee shall not~fy mortgagor of a change in such
3- ouM. Such s~ms sha:~ be app,ied by mortgager toward the payment of real property tax , insurance prem:ums, and mortgage guaranty insurante
3 o~emiums.
i IY ~Y{TNESS :tiHEREOF, the sa~d MORTGAGOR has hereu~to set his hand an e,~ the ay and year fint aforesaid.
~ Signed, Seal and de "vered in the presence o+: F~~EO ay~ a~C~R~`~
; -~.e2~.. ~,e-c. ~~t--~,,.~ st. ~uC4~ eouyTr flA. ~ . -(Seap
ROC~~ a:,~'RAS
n 3c o t~ Ig:.-~~/ ~~f.. CIERX C:ZCt11i COURT . I~1PSt (Seaq
, ,
~ / RFrnc-: •f~" r1_.,
~ ~ ,L_..C.~ , ~ ~ _ l I' ~O ~u ~ Delaine C . ~lI'St (Seaq
~ 0 "
~ SiATE OF iIORIDA
~ ~ 22~.621
~ COUNTY OF
~
~ Befwe me personally appeared _ tT@f f I~C31 S• ~1PSti and
~ ~ZH~IIA Ci. l~12'9te his wi#e, to me well known and known to me to be
~ the individuets i~d in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes
~ ' Delaine C. F~rst
;=i ~herciw. ex~r ~ And 1Fk sa~d -
~ ,~~te,Qi r~~ i__ JefPrey S. ~lI'$ti _ _ upon a separate and privste
~ e:eminat' me taken sepa.ate and apart from her said husband, acknowledged to and before me that she e~cecuted said instrvment freely and votuo-
sa tarily thout any compulsion, constraint, apprehens~on,~r fear of or from her said husband.
- E55 my hand and off~c~al seal this_ ' Janu A. D. 19 ?2
- _ da of-
_ . x .~-KJ
- j Notary Public in and for the State of Fbrida at large
' ir, . . ' r• My Comm~ssion expires: ;
'1 i %'Retum To:
: -a
'
First Fede~al Savings ~ loan Associahon , ~ ia~-e
Of Fu~t P:erce. . : ~ - ~
, .
- Fo~f P~erce. Fterid~ . . . ~ .
This Instrument Prepared By John W. Collltls
- First Federal Savings 8 loan Association
of Fort Pierce ~ Ir101'id8
_
- Checked BY ~1s/~.7~7
ls
~;j
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