HomeMy WebLinkAbout1987 3. To plsc~ and continuo.:sly leep a+ the bu~'d~ngs now o. hereafrer sitwta on said ~and snd o~ all equ~pmem a~d perw~+alty cove~ed by tfiis mor
sge, w!th •11 prem~~ms thereon pa.d ~n tull, f~re insurance ~n the ~susi siandard poGcy form, in a sum ap~xu~ed by tha h10R~vAGEE, end w~~dsto
msurance in the usual s~anda~d pol,cy fwm, in • s~m approved by the MORTGAGEE, in such compa~y or compan:es as the hiORiGAGEE m }
d~red; and all fire and w~ndstarm ins~rance po!~c~es on a~y o( sa~d b~,~~d~ngs, any interest therein or part ihereof, in the agg~egafe i~m •Iweaa~d
in excess ~hereof, s~a~l :o~~ain ~he usual sfandard mo.tgagee dauie w such oiher clause as the Mo~~gagce may rcqu~re, mak~n9 ihe ~oss undrr s~~d po
uef, esch and every. payab!e ~o sa~d A~ORTGAGEE ~s i~s iniere?t may appear, ~nd each and eve~y auch pot,cy shall be promptty asa gned a~~d deuvered ~ (
any held by sa~d MORTGAGfE as funhe~ secwity to sa~d mo:tgage debt, and, rsot leu than ten (?01 days in ad+ance of the exp.rat~on of eech pol~cy, to d. '
fve~ fo sa~d MORiGAGEE • renewal thertoi, fogNher with s rKe~pt 1ot tht premwm Of such renewal: an~J there sFwll be no 1~re or wutdsto'm insuranc r
plxed on ~ny of sa~d buitd~ng~, any interett there:n o~ pa~~ thcreof, un:ess in the form and with the Ioss payab:t as atoreaaid; and in the e.ent a~y sun E
of money becomes payabte urder such poGcy w po~~c:es u~d MORIGAGEE sh~ll have ~ha opr~on to recr~ve and app!y tne same on acc~um ol ~he indebied
ness sec~red hereby a ro pern~t said MORiGAGORS to rccr~ve a~~d use it d any part thereoi tor otnrr uurposes. .•:•~no::t ih~~~ur wa~~~~3 c. ~~~pa~~
:n~ any equ~ty, i;en w~~ght un~a+ or bj virt~e of thii mort~age; and in the evcnt sa:d MO~TGAGORS shj!1 .`or any rrnson 1ai! to keep the sa~d prom~srs so
~nsured, or tail to dei~ve~ prwnptly any of sa~d poGurs of insura~+ce to sa:d MORIGAGEE, w fa~: promptty to pay fuiiy any p:e~,~~om therefor p in anY
~espec~ fai! to perform, d~scha~ge, execute, efftct, comple~e. co~~ply wirh and a5~de by th~i tovenant, a ~ny part hrreof, sa~d MORTvAGEE may p~ace a:~d
pay fw such insurance or any part thereof wi~hout waiving or affectinq any opt~on, lien, equny, or right under o~ by v~rtue oi this Mortgage, •nd thc
full amounl oi esch end e~try such payment shall be immcdiately due and payah!e and s'+al! bear interest from the date thereoi until pa~d af the rate ol
n,ne per cent~m per annum and to~ethrr wifh suc1+ interesr shat~ be sewred by the lien of this mor~gage.
1. To permit, commit ot suf(e~ no waste, impai~ment w dcter~oraaion o4 said p~operty o~ any part thereof.
5. To pay all and singular ~he costs, charges snd eapenses. ~nciud+ng a.easonabte a!~omey's fee and cosTa of abs~racts of title, inwrred or pa~d a~
nny time by said MORiGAG:E, because a in the event of the (a~iure o~ the pa~t of the said MORTGAGOR to duly, p+omptly and fully periorm, d~stharge
e=ec~te, eifect, compkte, comply wnh and ab:de by each and every the st~pulauons, agreements, condit~ons, and covenants oi sa~d prom~ssory note and ~h~s
r.ortgage any or e~ihe~, and ta:d costs, charges and expenses, each and eve~y, shail be immed~ately d~e and pa/able; whether a not there be no}~ce da
mand, attempt !o collect w su~t pend:ng; and the fuU amoum of each and every wch paymrnt shall bca. interest from the date thereot until paid a1 the
~.•fe os nme per cenr~m pcr ann~n; and ail sa~d costs, cha~ges and e~~enses ~ncuare~ w paid, togrther wdh such interest, shall be sec~red by the Gen of th~i
mort9~ge.
6. That (a) in the event of any breach of thia Matgage or defau!t on the part of the MORTGAGpR, w(b) in the event any of sa:d sums of monty
herein refe~red to be not prompfly and f~ily paid with~n th~rty i30) da,rn next a+t•_. the same seve~a:iy become due and payable, without demand w no~~ce, :
er ~c) in the event each and every the s~ipulat~ons, agrcements. co~drt~ons and covenants of sa.d promiswry oota and th~s mortgage any a either are nof ~
i~!y, promaely and fulty pe.formed, d:scharged, e,cec~eed, effecred, complered, compi~ed w~rh and ab~ded 5y, tixn in e~ther or any such evenf the sa~d eg '
~regare sum mentioned in sald prom~ssOry nore then remaining unpa~d, v~rith interest acuued, and atI monrys secured hertby, shall become due and pay-
eo e forthwitfi, or thereafter, at ~he opr~on of said MORiGAGEE, as fu~~y and completely as if a!I of ehe said sums of money v.•ere or~ginally st+p~;atcd
o De pa:d on such day, any`!~~ng in sa d prom~ssory note or in th~s Mo~tgagr to the co~rrary nor„v~fhstand~:.g; and thereupon w thereafie~ a~ the opt~on o(
s~.d M.ORTGAGEE, wnhout not;ce or demand, suit at law or ~n eqwty, therefore or thereafur beg~~, may be prosecuted as if sll moneys secured hereby
r.,d matured pnor to ~ts institut~on.
7. Ti.a~ :n ti,. el.a~ tl,.. h...3~r,n;.,r~ n4 ev a~ any f~n„ nrnd~no any ~~:~f u~an this Mortqage, or to foretlose it. or to ?eform it, ot t0 enforce
Farment of any da~msVhe~eunde~, sa~d h10RTGAGEE sha~l apply to the Cou+~ ha~~~~g jur~sd~c++on thereof for the appomtment of a Rece~~er, such Court sha~l
tc~rhwirh appo~m a rece~ver of sa~d mortgaged property all and s~ngu:ar, inciud ng a~l and s~ngu~ar tt~e income, profiri, issues and reve~ues from whatever
s~ urce de~ived, each and every of wh ch, ir be~ng eapressty undenaood, ~s hereby mortgaged as if spec~f~cally ul fath and described in the gran~ing and
~abendum clauses hereof, and svch Receirer shail have all ~he br~ad ano effec+~ve funct~ons and powers in anyw:se entrosted by a Covrt to a Receiver, a~~d
:_;h appoinrment shail be made by such Cowr as an adm~t±ed equity and a matter of absotute right to said MORTGAGEE, and w~sho~t reference to the
cd~quaty a inadequacy of the value of ihe p~operty mortgaged or to the so.vency or ~n;o~venc~r of said MORTGAGOR o~ the defendanrs, and that such
~~~rs, profits, incare, issues and revenues shalt be app~ied by such Rece+ver accord~ng to the lien o~ equ~ry of said MORTGAGEE and the pract~ce o( such
CcuA.
8. To duSy, prompt!y and fufly perform, d~scharge, exec~te, effect, compiere, comply with and abide by each and every the stepuietions, agreemeots,
;oaditions and covenanrs m sa~d promissory note ard th:s morrgage set forth.
9. That in the event the ownersh~p of the mortgaged premises, or any part the~eof, becomes vested in e pe~wn other than the MORTGAGOR, the
~•.~RTGAGEE, its successws and assigns, may, withovt norice to the MORTGApR, deal wrth wch successa or svccessw in interest with reference to thh
~crtgage and tht debt he.e6y stcured in tht same manner as w~th Mort~agor w~tho~t in any way vit;ating or diuharging the Morsgagors' liabifity herr
.,~der a upon the debt heceby secured. No sale of the Fremises hereby mertgaged and no forbearance on the part of the MORTGAGEE or its svccessws
er ass~gr.s and r.o ex:enuon of ~he t~me fw the paymem of th~ debf hereby secured given by the MORiGAGEE or its successws or ass~gns, shaf! operate
ro reiease, d.scharge, modify char.ge or affect the or~gmal ~iab:i~ty of the hM1ORiGAGOR hereio, either in whole o~ in part.
10. It is spcuficaily agreed that time is cf the esse~ce of th;s comraa and that no waiver of any obt~gat~on hereunder w of the obligation se-
i c~~ed hercby ahaL at any time thereafrer be held to be a wawer of the terms hereof w of the instr~ment secu~ed herby.
~ 11. In add.t~o~ ro rhe fo~ege -:g mon1h'.y payments of p~inc pai and inreres+ ~equired by the prom~sscry nore sec~red hereby, mortgagor covenants
d ag.ees to pay to mo-tgagee w~th each monrh!y payr.~ent an add~r~onai wm esr ^.~aTed by morrgagee to be equal to 1 12 oi the onr,ual cost of the fol~ow-
Et
~ y A-Atl real property taxrs lev~ed or assessed agai^.st rhe a6ove desvibed real estate.
~ B--Fre~r,;,ms on i~re and wir.dstorm ~r.surarce as nere~n requ~.ed to be carr~ed on the Smprovemenu s~tuate on the above d~scrlbed premises.
~ C-Premwms on such m.ort~aae gua+anty ics~ra~.ce as mo*tgagee shal! from rme to time deem fit to carry on the ban secured hereby.
: Mongagee stia'~i irom T~m2 ta :~~r.e nor~{,+ mcrrgagcr ~n wnr;ng of the arr•owt due and payabfe hereundrr and svch svro sha{I thereupon be due and
p .~;able on the due oate of th> next month.y payment and each successive mor.th thereah:. ur.til mortgagee shall notify mortgagor of a change in such
~ ount. Such sums s~a!I be app:ied by mortgagee to+vard t~ payment of real praperty taxes, insurante prem.ums, and mortgage guaramy insurance
~ :~•emiums. ,
~ IN Y~IINESS :VMEREOF, tne sa~d MORTGAGOR has here~nto set his hand and scal the day and year fint afwesaid. ,
' Signed, Seated and delivered in the preunce of: ~ ~
a
6 ` •n
~ ~L.~ ~~f' S e he Frederic J r ensen ~s~~
~ ~ ' ~ ~t.. 4 Seaq s
~
~ _ Constance Jov Oliver orgen~ `
STATE OF FLORIDA t
~ ~
~ C~UNTY OF . ~Cle ~ ~ ~
~ Befo.e me persw~ally appearrd Stephen c~tedQt IC:C Jorgensen a~
~ Constance .10y Ulivez Jorgensen his w~~e, to me well known and known to me to be
" rF.e individ~als dexr+bed in and who executed the foregoing instrument, and. acknowledged before me that they executcd the same for the purpous
~
Constance Jo Jliver Joroensen
- therein e:prtssed. And the said
,:~fe or ir~ ~~d Ste hen Frederick Jcr9ensen
r= ~2 upon a separate snd priv~tt
e.am~nat~on b me taken se arate and a art from her wid husband, acknowl
y p p edged to end before me that she executed said instrument fretly and volurr
~ ra~~iy and wl~hout any com~utsion, constrolnt, apprchens ~(ear of or from her said huaband.
= WITNESS my ha~d and offic;al seai th~s- f~ day oi Janu y 19 7Z
~-Q / ~ ~ . - ;
Notary Public in a~d for the ate Hpide ~t Lar
My Commission axpires: ' -
Return To: '
= firit F~decal Savings S Loan AssocEaf;on ~L .
` Of Fort P•erce. - -
~ Fort P~e~ce, F!or~da tILED AND RECORDEO '
~T_ltf~tE ~CUNTY FLA. ' -
- ROCE~ ?J~TRAS - -
_ ~CLEP.l: C~~;CU~T COURT ~ " ~
RECORO vFF:~F~E4.~,~
_ This Instrument Prepared By John u'. Coll i ns ~ t
= First Federal Savings 8 Loan Association 3 Zs PH ~IL F
of Fort Pierce , F lor i da
Checked By 221832
~%F
e~ax1~8 ~~9~4
„
- _ - _ - .
.
~ . .