HomeMy WebLinkAbout1983 3. To place and co~}~~uo~:sly keep on the bu~ d~ngs now o~ heroafre. s~iuats on se~rJ ~and and on al: cqu~pment end person~lly cover~d bY tAit mor
sge, w~th •II p~em~~m~ thereo~ pa~d ~n fu!1, f~re ~ns~ra~:e ~n the us~a! srar~da~d po~~cy forrn, in ~ sum approved Vy the MOR~i~%+i~EE, a~~d w~ndsto
+nsurance in tM us~al s+andard po6cy form, in a sum app~oved by ~he 11ik~RTGAGFE, in suc~ company or compan:es as the MORiGAGFE m
dued; and ~II Fi~e and wmds~orm ins~~ance po!~c~es on +~y of ~a~d bui~d~ngs, •ny inrcrea? tAercin or parl thereof, ~n fhe a99rega~e ivm aforesa~d
in excess thereof, ahaU ;ontain ~he usuat s~a~~dard mo~~gage6 ciause w such oihe~ clause as Ihe Mortyagcs may reqwre, maEing the ~ois under amd po
ues, esch and eve+y, payab~c to sa~d MORTGAGEE as its ininrest may appear, and cach and every suth poucy ihaif be promptiy ass gned a~d de:rvered :
any held by sa~d MORT~,AGEE as Furrher security to said mo'tgage d-rbt, and, not less ~han ien (101 days in advance of ~he exp~ranon of eath po,~cy, to d~
Irve? to said MORTGAGEE a renewal thereof, togerher wiiA a rece~oe for the prern~um of such renewa~; and there shall be no f~~e or w~ndsto~m insu~anc
ptsted on ~ny of said b~ild~ngs, sny iroerest therom or part thereof, uniess in tbe form end w~th th~ loss piyable as aforesa~d; a~d in the event any sun
of mpney bKOmes payable vnder such policy or pol.ties se~d MORTvAGEE shall have the Gpt~On to rece~ve and app!y the same o~ acco~m of the i~debt~~d
neu secured hcrrby or 1o permit said MORTGAGORS to ~eteive and use i? ot any part the:cof tor o:ne•r u~.~ ~ses, v:~!ho~t th~~~ or v.;~Y~ ~3 0~ ~ np..~~
ing any equny, i~en w nqht undcr w by virNe of th~s martgage; and in the event w~d MORiGAGORS shali for any reason fail to keep the sa~d prem~sea so
msured, or fail to deGver promptly any oF soid polic~es of msurance to sa~d MORTvAGEC, o~ ta~' p~ompriy to pay fu:Iy any pre~»~~m rhere4or or in a~y
resped fail to perForm, d~scharga execute, eifect, complere, ca~ply w~~h and ab~de by this covenant, w any part h~reof, sa~d MGRTGAGfE may p~ace a~a
pay for such insurance o~ sny part thereof w~rhout waiving or affecfing any opt~on, ~ien, equ~ty, or N~h~ under w by v~rtue of th~s Mo~tgage, and the
full amounl of each and eve~y wch payrnent shail be ~mmed~arely due a~d payable end shail brar interest from tho date thereof until pa~d at the ra~e ol
nine per cenWm per annum and to~rthrr with suc~ ~~~e~esr s~ai: be secured by iht lien of this morlgage.
t. To permit, commit or suffer no waate, impairment a deteriorat~on of said property w+ny pan tht+eof.
5. To pay all and singuler the costa, cMrges and exrx~ses, inuud~ng a reaso~able atrorney's fee and costs of abstract: of tit!e, incurred o? psid at
eny time by sa~d MORIGAG:E, because or in ~he event af the fa~luro on dx pa~f of ~he sald MORTGAGOR to duiy, promptly and f~lly perfam, d~acharge
. xecute, efied, complete, comply w~th and ab.de by each and every rhe stipulat~ons, agreements, condit~ons, snd covenann oi sa~d pro.m~ssory ~cte and ahb
mor~gage any or either, and sa~d costs, charges and expenses, each and every, shait be immrd~atety due and payab:e; whetPur a not ther~ be nor;ce d-
mand, attempt to co:lect or suit pend~ng; and the ful! amount of each and everY svch payment shall bea~ in+erest from the date thereof until peid at the
•.,re o; n~rre per cemum pe~ ann~rn; and al~ said costs, ct~arges and ea~enses ~ncurred a pa~d, together w~th such interest, shal) be secured by ~l+e i~en of th~~
mOnya~je.
6. That (a) in the eve~t of any breach of this Mwtgsge or defauit on the part of the MORTGAGOR, or ~b) in the event eny ot sa d sums of money
herein referred to be not promp+ly and tuify pa~d within rh~rty (3~i days nex~ a>te. ~he same seve~a'ty become d~e and payable, without demand oi noncr,
or in the event each and every the sti,~ulations, agrcements, cond~'ions a~xl covcnants ot sa:d prom~swry note and tA:s mortgage any o. either are not
iuty, promptly and fuHy performed, d:scharged, eaecuted, effected. complered, compi~ed wtrh snd ab~ded 5y, then in either or any suth eve~t the u~d ag
~regate sum mentioned in aa~d promissory note then remainmg un~a~d, with interest acuued, and a71 moneys sec~red hereby, shall become due and pay
au.e forthwith, or thereafter, at 1F~e opnon of sa~d ~V10RTGAGEE, as fully and complete~y as ii ali of the sa~d wms ol money were or~g:nai~y st~pu;ated
ro be pa~d on such day, anything in sa:d p~om~ssery nore or in thu Mortgage to the conuary notwirhsrnnd~ng; and fhereupon w thereafter at the opi~on of
:~~d MORTGAGEE, without nonce or demand, wrt at law a in equ~ty, therefore o+ thereafrer begun, may be prosecuted as if all moneys sec~red hereby
n~d matured pnw ro rts insutuuan.
~iu o d: 4t2 , ! ~ t ~w .in it fn nfnrr~
T,:n the z:er.i ih t t ue3i,-~ ::r,g _f a: at a~y pc :d;r.g s^~ ss .::xr.e . o•~gaya, cr ~ xtc cse it, cr
;:aymeM of any dalms hereunder, said MO4TGAG~E shal? app!y to the Cou.~ hav~ng ~wud~aion thereof for the appo~mrtxnt of a Receiver, sucA Ccurt ahall
t;.-lhwith appoint a~eceiver of said martgaged propeny aR and afngv~ar, in:iud.ng ait an~ s~~~gu~ar the i~wme, prof~ts, iu~es +nd rcven~es from whatever
s_ urce derived, each and every of wh~ch, ir be~ng express'y unders~ood. n he:eby mo:tgaged as ~f speuficafly xt forth and descnbed in the g~anr~ng ar,d
!:.,bend~m ua~ses herrof, and s~ch Rece~ver shait have a11 the broad and etfec~~ve f~nc!.ons and powers in anyw~se e~trusud by a Cou~t to a Receiver, and
s.:h appoi~tment shall be made by such Cou~t as an admittrd eq~ity and a matter of a5soiute ~~gM to said MORTGAGEE. and withcu~ refere:~ce to the
ec.equacy or inadequaty of the value of the property morlgaged or to the So vency or inso vency of sa~d NORiGAGOR or the deftndants, and that such
r~n, profits, inco~ne, iu~es and reveoues shjil be appi~ed by such Rece~ver a.:ord~ng io the lien or equ~ty of said MOR7GAGEE and the pracnce of such
Court.
B. To du~y, promptty and fuliy perform, discharge, execute, effer, compie~e, comply w~~h and abide by each and every the st~pufations, agrrements,
r,nditions and covenanrs m sa~d prom~ssory note and ~h~s morrgage set fo: th.
9. Thet in the event the ownership of the mortgaged premises. or any part thereof, becomes vested in a penon other than the MORTGAGOR, the
r.tJRTGAGEE, ita succeuws and ass~gns, may, w~rhou~ nof~ce to the MORiGAOR. deal with s~ch succeuor or successor in ~nterest w~rh refere~ce to this
~~.o•tgage and the debs hereby secured in the same manner as with Mortgaga. withaut in any way vit;ating or diuharging the Mortgagors' liability Fxre
,;nder or upon the debt hereby sewred. No sa~e of the premises hereby mo~tgaged and no forbearence on the pan of tbe A~ORiGAGEE or its svcceuws
o ass~gns and no extension of ~he f~me for the payment of the debr hereby secured given by the MORIGAGEE or its successws or ass.gns, st~all operate
+o reiease, dis:harge, modify cfiange or affect the or~g~nal liab~{ity of the MORTGAGOR he~ein, either in wtwle or io part.
10. It is speufical{y agreed that time is of the essence of this contiact and that no waiver of ary obl~gat~on hereunder w of the ob:igation sr
wred hereby shal+ at any time thereaffer oe held to be a waiver of the terms hereof or of the i:~str~meM secured t~erby.
11. In add;fion ro the io~ego n~ month~y payments of princ pal and inreresr requ~red by the prom~ssory no!e secured hereby, mortga~ar covenants
~ ,~d agrees to aay to mortgagee Y:rth each month!y ~,ay~nent an add~uonat sum esr,~,ared by mor!gagee te be eq~al to l 12 of the annval cost of the foI{ow-
i
i A-Ali real property taxes iev~e~ or assessed agai~st tM above dascribed real estare.
6-Pren,~ums or. fire and w~nds~orm msu•ance as here~n requ~red to be ca.ned on the improvemsats sltuate on the above descr~bed prem~ses.
~ C-Prern~vms on such mortgage guaranty ir.wrar,ce as mortgagee shall fror~ t me to time deem fit to carry on the loan secured hereby.
~ Mortgagee sha~! j~am t~me to :+:~e ncri+; mo-!yager in writing of she a-- ov~t doe a~d payable hereundar and such suT sha!! thereupon be due and
~ ~.ab~e on the dua dare of thF next ~nonthiy payment and each successive mo~th tnereafier ~ct~i mortga~ee shall rtotlfy rrwngagor of a change in such
~ a~.~unt. Such sums sha;l be appi~ed by mor!gag~e towa•d the payment of rea: property taxes, insvrance prem:ums, and mortgage guaranty insurance
rr.•emiums.
5
; 1YiTNESS 'J~.'H:REOF, the sa~d MOkTGAGOR has hereunto set his hand ar~ seat the day and year ,first aforesaid.
~ ned~ Sealed and ivered in the presence of: /
a
ti ~ ~ ~ / ,6s( ! A'~~ ^ ~ n
~ tC~' l l~ias A Andezson a~
~
i _.:L Y~1.- : .~'L • ~~'fC-:~1/ ts.at)
;
~ ~ _ . - Verna i. nn erson ts~an
~
57ATE OF FIORIDA
~ ~:~UNTY OF SL. Lucie ~ ~ ~
eL
~
~ Befwe me penonally appeared ~~`11 1 I a,*ti Andez son a~
~
~ ``erna 1.. Mderson his w]fe, to me well krwwm and krwwn to me to be
rne individ~als described in and who executed the fwefloing instrume~t, and atknowiedged before me that they execuled Ihe san~^`fW the, purposes
- the.ein eapressed. And the said Verna ~r1d~I50fl
w~fr of the sa~d k'1111d~~ A. Ander son ~p~r~ a~rate ard priv~t~
~ examinetion by me taken separate and apan from her said husband, acknawledged to snd before me that she executed seid instrumem freely and volun-
rariiy and w~thout eny compuls~on, constramt, apprehens~on, w fear of or from her said husbsnd.
-s WITNESS my hand and offic~al seal this__ t~- day of J'~+u°Yy A D. 19 72
v / .
~
Notary Pub1~c in end for tfie Stat florid~ at l~/ye
My Commission expires: NDIARY UBUC, STHE~Dt fLORIDA tt LARGE
Retum To: dff ;I`.p#IklfSSt0A1• ~RES SEPT_ 25, 1975
_ First federal Savings 6 Loan Association ~9de1 Af,A~i1 Bankers Insurance i:0.
O! ~urt P.erce ' -
Fort P~erCe, Fbrida
~ ri~Ea ~N~, afcuRaEO '
_s :T. WC~C C~UN~Y FLA.
ROGE?~ Fp:t~AS ~
This Instrument Prepared By John Coll ins CLERK Ct ~:~;T COURT
- First Federal Savings & loan Asso:iation ~~CO ~ ti"' `~ED
of Fort Pierce ~ Flozida ',tl fo ~ 28 pu
w~~ i fl
Checked By .
~ 221830
- " 6GOM 19v PAGE~~70U
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