HomeMy WebLinkAbout1985 3. To pla:e end continva~sly keep on the bui:d~ngs now or hereafter situate on said land and on al~ equipment and perionslly covered by this mor
age, w~th all premiums thr~eon pa~d ~n fut~, f~•e inw~a~,ce ~n ~i~e usual sraruiard pol~cy form, in a sum approved by the MOR~vAGff, a~~d w~nds~o
msurance in the us~al siandard poLcy torm, in a aum ap~~rovrd by the MORTGAGEE, in auch company or comaames as ~he MORTGAGEE R+ ~
d~rect; and all fi~e and windswrm insurance poLc~ns on any of sa~d build~ngs, any in?erest the~ein or part thereof, the agg~ega~e wm •faesaid ~
in axceas fhercof, shall :ontain ihe usual sfa~~dard mo+ryagae uause or such other deuse as ~he Mo~tgagee may requ.re, makine ~hc ~oss u~+der ~s~d po
uea: each and every, payable ro said MORTGAGEE as ~ts ini~rest may ~ppear, and each and eve~y such po!~cy ahall !~e prompdy a~s gned and dNive~ed ~
any held by aafd MORiGAGEE as fu~rher sec~rity ra sa~d mw~ga~e dabt, and, not iess than ten (!0) daya in advance of tAe expuat~on of each pol~cy, to d~
I~ver to said A~ORTGAGFE a~enewal thereof, toge~her with a rete~pt for the prrmwm of su[h ronewal; and lhere ahal: be no f,re or wu~ds~mm iniuranc
plated on any of said buildings. any interest theiem or pan ehereof, unlesa in fhe form and with the ~osa payable as aforeaaid; a~d in the evem a~y sun
of money bccomes payable under sucfi pohcy or pohcres se~d h10k.TGAGEE shaU have the opt~on to receive and app:y the same on auount of the ~ndabfed
neis sewred he~rby o~ to permn sa~d MORTGAGORS ro rece~ve and use it w any pa~t the: eof ~o. o:ne•r pur~ OSGS. ~'n~hOJ1 th D: Y:.-~~'~ ~3 or ~•~~P~~'
~ng any ~quity, lien w nght under or b~~ v~rtue ot th~s mcr:gage; a~d in the evem se:d MORiGAvORS shatt `,o~ any rea~or, fai! ta are,. the sa:d prom~ties so
~nsured, or fail to deliver promptly any of sa~d poLties of ~nsurance to sa~d MORTGAGEE, or ta~I promptiy to pay fulty any pre~n~~n therrfo~ or a~y
respect iai". ro pe~fwm, d~stha~ge, execure, eftect, compie~e, comply wiih end abide by this cove~ant, or any part hareof, said MvRT~AG:E may p~ace a•~o
pay fw such insurance or any part thereof wi:hout waiving w afFecting any opt~oo, lien, equ~ty, or n~M u~der o~ by virtue of th~s Mo~f9a~e, and thc
tull amount of each and eve~y such paymem shall be ~mmediately due and payabie and shal! bear interest from the date tt~e~eof ur.~if pa~d at the ~ate o~
~,~ne ~xr cen~um per annum and io~rth~er wdh such ~nte~est shai~ be sacured b~ the I~en of this mortflage.
4. To permit, commit or sufFer no waste, impairment or dete~~oration of sa~d p~operty o~ any part thereof.
S. To pay all and singufa~ the costs, cha~ges and expenses, inciud~ng a reawnable ~trorney's fee and costs of abstracts of t~tle, incurr~d p paid s~
nny time by sa~d MORTGAGfE, because or in the evenf of the ia~lure on the part of the said MORTGl+GOR to duly, prc:npNy and iut~y perio~m, d~scharge.
exec~te, efiect, ~omplete, comply w~th and ab.de by each and every the stipulanons, agreements, condit~ons. and covenants of sa~d prom~ssory note and ih~i
a,or~gage any or e~ther, and sa:d co:rs, charges and expenses, each and every, sha~l be immed~ately due and payab~e; wherher w not thece be not~.e d~
mand, attempt to coliect or suit pend~ng; and the full amo~nt of eac~ and e~ery svch paymem shall bea. inrerest fiom ti~e da~e ~he~eof until paid at ~nc
-,,re o~ n~ne pei cenwm Fn~ am~um; anc ali said costs, charges aod expenses incurred a pa~d, together wuh such interest, ahall be secured by the I~en oi th:~
moripage.
6. That (a) in the event of any breach of this Mortgage or defaulr on tlx part of the M~RTGAGOR, or (b) in the event eny of u'~d sums of money
i+e.ein reierred to be not pro:nptty and +uliy pa~d with~n th~rty (3Qi days nex~ a~ter the same severe!iy 'tiecome d~e and payable, without demand a not~ce,
o~ tc) in the event each and every the atipu~at~ons, agreemems. cond~t~ons and covenants of sa.d promissorY note and th~s mortgage any or erhe~ are no~
iuiy, prompfiy and tutly performed, d~scharged, executed, effected, comp~eted, compfied w~th and ab;ded Sy, then in e~ther w any sucA event the sa~d ag
g•egare sum mem~onec in sa~d promizsory note then remaining unpa~d, w~th ~mere;i accrued, and au moneys sew~ed hereby, shatl beccme due a~d psy-
a!, c: forrhwirh, or thereafrer, af the opnon af said MORTGAGEf, as fulty and compie~ely as if al1 of ~he sa+d sums of money were or~ginatly s~~p~:aied
r:, be pa~d on such day, anything in sa~d prom~uory note o. in tnis Mortgage to the cororary notw~thstaRding; and thereupon or thereafter at the opt~on of
s.+.d MORTGAGEE, withau: nonce or demand, auit at iaw or in equrty, the~e1ore or thereaher begun, may be p~osecuted as if all moneys secured hereby
r.:d mawred prior ro ds ~nst~tuhon. '
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i. ii~eT ~i~ T1iC r~e~5f T1iai di ii~c u2yi~ .-:~.iy 3i d:~ .~T' ~.c :ui :y ::N^.. !~:i: ::~Q'~^y3yt. C.• !Q ~C!C~~='iQ 1n rw;runn it nr tD enforce
i,~;ment of any ciaems hereunder, said MORTGi+GEE shaL' app!y to the Coun hav~nq ~urud~ctiai thereot for the appo~nrment of a Rece~ver, such Co.nt shaU
r;;rthwrth appoint a receiver of said mortgaged propeny aii and singutar, incl~~d:ng al! and s~ngular the income, profus, issues and revenues f~om whatever
.,rce da~~ved, each and every of wh,ch, be~ng ezpress'y unde~stood, n hereby mon9aged as if spedficaily set fonh and deuribed in the gramm~ and
i~.j:;endum ciauses hereof, and such Recewer shal~ have all the broad and effective funa•ons and powers in anyw~se emrusted by a Co~rt to a keteiver, and
s. ch appointment shalt be made by such Court as an adminrd equity and a ma~rer oi a6sowte r~gh+ to said MORTGAGEE, a~d w~~hout reference to the
a:feauaty or inadequacy of the vaive of the property mortgaged or to the so'.vency o: ~nso~vency of said MORiGAGOR or the defe~ufants, and that such
-~,•vs: prorits, incarn, iuues and revenves shaU be applied ey such Receiver accord+ng to the lien or equi!y of said MORTGAGEE a:~d ~he pract~ce of such
~OJ!~.
8. To d~ly, promptfy and fully perform, discharge, execute, effe:t, compiete, comply w~th and ab~de by each and every tFx stipu~ations, agreements,
~;ndltions and covenants m sa~d promissory note and th~s mortgage ser forth. .
9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a person other tha~ the MORTGAGOR, the
~RTGAGEE, its successors arsd ass~gns, may, withoo~ norrce to the MORTGAOR, deal wi~h wch successor o~ :ucceasor in interes~ w~eh refe~ence to this
~,.o•~gage and the debt hereby secured in the aame menne. as wnh N,ortgagor w~thout in any way vit~ating or d:scharg7~g the Mor~gagors' liability here
::~,der or upon the debt hereby sewred. No safe af the prem~ses hereby mortgaged and no forbearance on the part of the MORiGAGEE or i!s wccessors
assigns and no extension o1 the t~me for the payment of tt~e deb+ hereby secu~ed given by the MORTGAGEE or its •uccessws or ass~gns, s~~a~t operate
rc re~ea:e, d~scharge, modify change or affett the origma! Gao~lny ot the MORTGAGOR herein, either in whole or in part.
~ 10. It is speuficaliy agr~ed that time is of the esseRCe of this contrad and that no waiver of a~y obl~gatian hereunde? a of the obligation se-
, wred hereby shalc at any Lme thereatter be held to be e wmver of the terms hereof a of the instrument secu~ed herby.
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# 1 l. In a:id~tio~ to the Foregc ng month!y paymen+s os p~~~~c pal and inreres+ ~eqwred by the prom~sscry no!e secured he~eb~, mo:t~a~~r covenants
~ a:i agr_.es to ~ay to nco-tgagee with each month+y pa~r,~enr an adci rionaf sum esr:.~.ated by mo:tgagee to be eqvai to 1 12 of the annua: cost of the foliow-
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° A-Ali real µroperty taxes iev~ed o~ assesscd agaihsf th~ ahove deso:krd ~ca~ estate.
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~ B-Frenuums on f~re and w~ndsform msurance as here~n requ,red to be carned on the ~mproveme~ls s~tuate on the a'nove d=sc~~bed premises.
s C-Premi~ms on zuch morr;,age guaran!y ir.su~ar,ce as mo~tgagee shal! frorr r,ne to time deem fit to carry on :he ban secured hereby.
- Morrgaqee s'~a~~ ?rorr nrr.e to hme notii~ monqago• in writ,ng of the amou~r due and payabie hereunder and such s::T, shaii tncrevpon be due and
~ :,.ab:e on the ciue dare of the nei! month'.y payment and each su:cessive month tnereaftar ur,ti+ mortgagee sha!I noti{y mort_yagoc o1 a chan~e in such
ount. Such sums s!•.a:~ tx app;~ed by mortgagee toward tne paymenl of real property taxes, insurance prem,ums, and mortgage guaramy insurance ~
,~-emiums.
IN WITNESS NH~RcOF, the said h10RTGAGOR has hereunto set his hand and seaf the day and Xear fir t aforesaid. ^
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~ ~ Signed, Sealed an¢ drJivered in ine presence of: . ~ J~
~ - ~ T~ - 1,~ '1: ~ / "~.C"" Seal
)
i am A n er son _
, , _ . _ r5eatl
~ / ~ ~.s-?N cr' ~ y :i1 / `..C'~~ (Seaq
Verna L. ~nderson c~an
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~
~ ATE Of FLORIDA t
St . Lucie ~
~~UNTY Of ~
u~
~ Befwe me penonally appearcd k~ill iacr ^ Andeison and
~%Eti]~ 1.. ~n~erson his wife, to me well known and k~own to me to be
~
~ !+,e individuals described in and who executed the foregoing instrumeM, end ac4nowledged before me that they e~cecuted the sartM for the purposes
therein cxpreued. And the said_ ~teYna L. Andezson
l.'illiam A. ~nderson =y;' n„nd ,vate
v.ife of the said ~pa'~' kP~ • P~
, examinat~on by me take~ separate and apart from her seid husband, acknowledged to and befo.e me that she execuset3 seid iRStcuyleM ft~lr +nd voluo-
ranty a~d without any compufsion, constraint, apprehensjon, or fear of or from he: said husband. - '
WITNESS my hand and offic~al seal this_ f t~- _ day of .~nuazy A. D. 19 72
- ~ r.
% % f ' -
Notary Public in end fw the St e of Flaids at•larpi
' My Comm~ssion eapires; : -
Return io: ~ ~
First Federal Savings b loan Associat~on ~T~ rt~~'E ;
Of fort P,c•ce. A1Y COM.MlS$i011 tgF~ $fPf. 25. 1975
Bond~d B~r Afie~~kas Inwr~na Co.
FO~1 P~e~re, Flun:~a ~ LE6 RM~ h~~~R~E~ i
f~ ~(~,E :.~~T
k~ct~ :-~,taqs
c4.
-j CLfP.~: t ~
; R~cOF ~~':'.:JtT pOUAt
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This Instrument Prepared By ,John W. Collins ~ f0 ~"~-s
First Federaf Savings 8 Loan Association ~ ~ 28 PH ~ ~
of Fort Pierce , F lor i da ,1 ;
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; Checked By _ 22~831 1
80BK ~1y0 ~tC,'i0~,
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