HomeMy WebLinkAbout1997 3. To p!ace and co~rinuo~vy keep on the bu~ d~ngs +~o~v o~ hr~~~tirr sn~ate o~~ sa~d tand and on a!; equipn,ent and penonally cove~ed by ~his mo~ 1
age, w;th ail prem~~ms fhereon pjd In f.,!I, f~re ~~~a.,ra~~cr •n iha .s.:~~ stend~~d po'~cy (o~~n, in a sum aFp~o~ed br ihe MOR~~:rAGEE, a~,d w~~~d»o
;~surante in the usual sta~zdard pot.cy fo+m, ~n a wm a; nro.rd Ly thr MORiGAGEE, in such cornpany or tom~-an~es as the h:02ivAGEE m
direct; ~nd all fire ar,d w~ndsto~m insu•ance po!~c~zs on any of so~d build.nys, any interest there~n or pa~t thereol. in the aggrrgate sw» aforcsaid
in excess thereo(, shall ccnta~n the vsvat s~a zdud mo: ~~igre c!.~use o~ i~ch o~her ciaose as the hlortgagae may ~equ.re, maA~ng thr iois undrr sa~d po
c~es, rach and every, payab'e to sa~d MJRTG4GEE as ,~s ~nterest r.~ay apprar, and each and every such po~~cy shall be p~ompUy, ass g.~ad a~~d det~ve~ed ~
eny held by sa~d MORIGAGEE as funher securrty to sa~d ~~w:~g~~r d~~u~. a~~d, not !eu ~han ten (10) days in adyance oi ihe e,pirat~on o} each po~~cy, to d.
, ~er ro sa~d h~10RIGAGEE a renewai therrof, toge~her w:~h a r~ce~rt for t`~e pre~nwm of wch renewa.; and ~here sha~l be ~o i~re o~ v.~~~asio:~n insuranc
placed on any oi sa~d b~iid~ngs, a~y interes~ there~n or pan fhrrect. u:: ess in +he fcrm a~~d wnh ~he loa payable as afuresa~d; and in the evenl any su~
o+ money becomes payabte undrr s~th polity or poGc~es sa.d /NJkTGA'vEE ehail have the uNt•on to ~ettive ~nd app!y tha same on acco~m of the inJrbird
r.rss secured hereby o~ to pe~mlt sa:d MORTGAGORS io rec~-i~e and use it o~ a~~y ;?.~rt rhe:eof ier o~n~~r p~~, ~ses. ..~~~~o~' ~h••=~: ~7 :;r ~~~:p.•~~
;ng any ~qurty, Gen or n9h1 under or by vuwe of tnu mc^gaye: a~~u in ~i~e e~ent aad A~v~~v:+::ORS sha!: `o: a:,y reason fai! to k,e,^. the sa~d p~z~r~a~s so
~nsurrd, oi fail to C~e~iver prornptly any of s.jid pol~acs o4 insu:ar.ce to sa d MORTGAGEE, or fa~! p:om,ptly to pay 1u~Iy any pre n~um thciefot or m a~y
respect fail to perform, d.sch;rge, exac~rr, efie:l, compiete, co r,p~y ~~~ih and ab~de ty this cove~~~n~, o~ any part hrreoi, sa~d MGRTGAGEE may p~ace a~e
pay fw such insurance or any par~ tha~eof w~thout waiving or affect~ng any op~:un, I~en, equ~ty, o~ r~~hr undrr or b~ vurue of thls A~o~fgagr, and the
1~i1 amount of each and e.ery s~ch pa~ment shall be ~mrord~etely due ar:d ~,able and shall bear interest from ihr date thereof un+il poid at ~he rote of
~~:~e per crnr.,m per annu:n a"d ro3rrher ~nr.h such in:r•~sr ih,,,. src~~c:f by fhe t~en of this n~ortgage.
1. To permit, commit o~ suffer no waste, impairmem or det~: ~cra~~on of sa~d property or any parl thereof.
5. Te pay all and s~ngufar ihe costs, charges and eape~ses, ~n.i~,~i~nq a~easonable a~torney's fee ar,d co:ts of abstracts of title, incurred or pa~d at
~ny ti~ne by aa~d MORIGAGEE, because or in the rvem o4 the fa .u~e on ~ne Uart ot tAe said MORTGAGOR to duty, p~ompfly and f~:ly peiform, d~scharge.
_.~~cute, effec~, compiete, compiy w~th and ab.de by each ard every tha st~;;~,aT~o~~s, agrre~~~ents, condit~ons, and covenants of sa~d prom~ssory note a~+d th~s
a:oregage any or ather, and sa d tosts, cha~ges and expenses, eacn and every, shail be immrd~atety due a~d paya6te; whether or ~ot there be not~:e da
~~and, attempt to co:~ect or suit pend;~~g; and ihe f~t! amo~m o4 each a~:d e:ery wch paymem shali bea~ enterest from ihe date thereof until pa~d at the
-~ee e° n:ne ~xr cent~m Fer an~+;, n; e:~C ai~ sa~d ccsts, chargrs and ~,ca~ s_s ~rxuned w paid, ~oyether w~th such interest, sball be setured by the Gen of thi~
mortgage.
6. That (a) in thr event of any breach of ihls Mortgage or de'.~~'s on f1~ p3rt of thr VlOR7GAGOR, or ;b) in the eveN any of sa:d sums of money
rerein referred ~o be nor prpmptiy and i~i!y pa~d .s~r++~~ th rr; t33: d_~;s n~~,± a•c~•r the s~~.~e se:e•a':y beco^~e d~e and payable, wi~hovt dernand or notice,
cr (c) in thr event each end evr~y ~ke stip~:ations, agreements, cond,no~'~s a~d covena~~ts of sa d pro~~~ssory nore and th;s mo~tgage any w ehher are nol
~u:y, prO~nptly and fu!ly performed, d~sc:+arged, ececuted, eifected. co:npleted, compi;ed w~th and ab~ded Sy, then in e~ther or any such eveM the said ag
yregate sum ment~oned in said prom:uorY ncte then remain~ng un~a~d, w~th in~rres~ au~urd, and a:t moneys secured htreby, shall betume d~e and pay-
a:;.e for~hwrth, or thersafrer, at the oc+~on o+ ss~d MORiGAGfE, as fv~~y a~~d co~piete:y as i1 ai~ oi 'hr sa~d aums of money were o~~ginatly sup~lated
~o be pa:d on such day, an,~thir.g in sa.d pro~:.ssory ncte or in this ~titio~raa~e ~o the conr.ary not.~ithitand~>>g; and thereupon w thereafter a~ the op~~on of
sa d MORTGAGfE, v.rthout nor,ce or demand, s~~t at !aw or ~n eq~~ty, th_~efore or thercai~er begvn, may be prosecuted as if alt moneys secured hereby
n_d matured pnor to ~ts institut~on.
vey~i. i~i'.3 u ''.c r.C..u...y 3..., ~ F ...y..y .
ii~o1 u~ iirC rvr~d ii~aT ei tiie 3: dt o- ^ !~`i. uC•~^'^8 !n feys~lntw if; pf }o fe~[xm if, Of ~O t11FOfC@
, 3vment of any c~ai~ns hereunder, said lAOP.TG:.GEE shal! app'y to the Ccu-t h~virg i~c~:d :;.on theieof for the appomtment of a Retciver, such Court shall
~„•thwith appo~nt a rece~~er of sa~d mcrtg,ged proper.y a:i ar.d s~ng~,ar i~ clud ~g ~.i a~~a s~ngv~ar rt2-income, profrts, issues and reven~es from whatever
s,_rce denved, each nnd every of wh:ch, ii k,e:ng exp.esi'v .,nd~-~src-.:i n 1er_-by me=~~.~gcd as ~f spec:ficaity set ionh and descnbed in the g~anfing and
i.~~endum c:avses herzof, a~d such Recei:er sha~1 havr au the br.;ad and er*x•~ve t~nu ons and pov.ers in anywise entr~sted by a Court to a Recei+er, and
s_ch appointment shali be made by sucfi Co.;•t as an ad~~ttz~d cq~~t~ and s n,aner cf absoiute r:ght to said MORIGAGEE, a~d withcut referesue to the
e:i~q,,acy or inadrq~acy of the va:ue o{ the property mo•tgayeci cr to thr sova~c~ er m;o~vency oi sa~d MORTGAGOR w the defendants, and ~hat wch
r..~~rs, profin, inco~ne, issues and revenues shali be appl~ed ty s~ch Rece~vee accord~~:g :o ~he Gen or equity of said MORTGAGEE and the prad~ce of such
Co;;rt_
8. To du!y, p.ompYy and fulty per'erm, d~scharge, exezurr, efi~cr comptrre, ce~rN~y wlth and abide by each and every the st~puiatio~s, agreemeNS,
~d~KOns and covenann ~n sa~d promissory ncte and th~s m~rTg3ye s~t ?orth.
, 9_ That in the event the ovvnershlp oi the mo+tgaged pre~~~ses, cr a~y part rhereof, Eecomes vested in a pe~son other than the MORTGAGOR, the
;~RTGAGfE, i~s successers and ass~gns, may, w~rhou~ no+~ce to ~h_ ;~.OATLv~OR, dea: w,th wch successor o~ successor in ~~terest with ~eference to th~a
- ~•fgage and the d~bt hereby secwed in the same manrc~ as ,ti~sh :.1~rr.~;go~ x:~h~u~ in any woy vit:ating or d~scharging the l.lartgagon' liability here-
_~~er or opo~ the debt hereby secvred. No s~ie oF the Frerr.,ses h~reby ~no.tgaged ar.d no forbearance on the part of the IAOR7GAGEE or its wctessors
c ass~gns and no exter.s~cn of The nme fo~ +hr paymem ot the debt h•,••;~y sec~~<<d given by rhe NlORTGAGEE or its successors or ass:gns, a~~all operate
~o reiease, d~xharge, mod~fy char,ge or affe~t ihe orig,na! I~a~.;~~~ of ~ne ~l•ORTGAGOR here~n, either in whole or in pa.t.
1p. It ~s soec:f~cai~y ag~eed rhar t~me is of the essence cf ?~~~s co~rtract and that no waiver of any o6l:gat~on hereunder or of the obligation se-
~ ~ed hereby sna!i ai any hme ~he:ea!rer b> heid to be a wa~vrr of ~he terms hereof o~ of the instrumem secured he~by.
11. tn add ~~o~ 'o t~~e forFgc ~g onch'~ pay~r_n~s ot pr::'c ~:a' and ~res! re?ulred 'by the prom sscry no~r secured herrb~, mortga~or eovenants
~ a~ d agr~es to pay to r-:o-tgsgee n~!h each r^o~i+h'y raq~ ent an acicl:•~onal w~n es!~^ aTed b~ ii~ortg~gee to be eq~ai to l, 12 oi tha annual cost of the fo~low-
d`
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F A-iai~ real prop?rty taxrs le~~ed o+ asses+:•d ag~~•~s' t~_ ai:^ve dc~c•~b~d r_af es~ate.
? 6- Fr_~*: ns o^ f:re and ar~.:dsse:•n ;r,s~r;-ce as hr.e:n ~.:y~ ~rd to be cz~r~~d en the ir-~:roveme~ts s:tuate on the above d_scribed premises.
t ~
E C-Pre~r•~~r-•s on s:,:h mortl:.ae guarar.ty irs;.•ra~.ce as mo•tgacee si~a.i 4re-,• : r~,e ro ;~me deem fit to carry on the loan secured hereby.
~ ~
~ klorfqugce s~a ~ frem t~~ne ro r~~ e r.ctij; rrorrg,g~• ,n v.nt~~~g of the a•- o..~t d•.,e and payab•.e hereundrr a:~d such su~~ sh3i! thereu~wn be due and
~ ..abie o~ thv d~e oa•e cf th> r.~.t :,:o~th.~ palr•••~•~t a~~d e~c~: s.:ccessi,;e *o~.th the:eaft;r ur.tit mertgagee shalt not~fy mortgagor of a change in such
~ ~~nt. Such su:ns s~a.i t.e ap~~ ~ed by mcrfgegre toha•d rne Ha~~~~er-.t o` reai property ta~es, insvrance pcem.ums, a~ed mortgage guaranty insurance
~ ._-erniums.
~ ~ I, 1'IiTNESS V.'HER~Of, the sa~d ~'.10RTGAG02 has hereu~ro sec h~s ha~ d and s:rai the day and year iirat aforesaid.
~ ned, Sealed and e~i .ed ~ she presenee of: C , ~
~ ~ ` ~ (Seal) -
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~ (Seal)
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~ S?ATE OF FLORIDA ~
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~~UNTY OF 1
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Before me personally appeared ~dV 1 d H Pau le v and
IIe t ty Pasl~~ _ h~s wiie, to me wel! ,jcqo~wn and known to me ta be
~ the indhriduals desaibed in and who excwied the foregoing instrument, and acknowiedged befwe me tAat they ~~pi/!tt'l~p, ~qrt~ fw the purposes
rhe+e~n expressed. And the said_ . Be t L y :
i. E dU 1 C y
r~ ~fe af the said Da v i d H. P2~u 1 Qy - ' ~_a separate and private
exam~nat~on ny me taken separate and apart from her sald hvs6and, ac:nowledged to and before me that sF~ exetutetl }ait~ iASt~umeht freely and voluo-
rar~iy and w~thout any comp~~sion, constramt, apprehens~ofn, or fear of or from her said husbar.d. ' • : ;
s V11TNE$$ my hand and offic~al seal th~s-_ -~--'1 ~C' - day of-r= nUdr~l • • ~ I~"~Jj. D. 19 72
- - y / ~ .i, -
Notary Public in and fw the Stats f flori¢A~.dt~large
; My Comm~ssion expires: ~~T P~~~ ~AT[ M RORIDA at LARGE
Return To: I~IY OOMMISSION EXPIRES SEPT. 25, 1975
.ra First Federal Savings a Loan Associat~on Bo~ded By American Bankers Insurance ~0.
- ~ pf Fort P e~ree.
Fo.r P,e~ce, fi~~.~da FlLEG AM,^, R~CORDED
ST. LUCIE CJUNTY fLA.
RG;;Eii PO~TRAS ~
CCER!: C~.iGUiT CQURT
RFrpar, yeNtF~cp
This Instrument Prepared By John :i . Col l i ns ;
First Federal Savings & loan Assaciation ~Q 3 za PH ~T 1 ~
ot Fort Pierce ~ F loz ida ~
Checked BY
= 22183'7
BOOK PACE1~g4
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