HomeMy WebLinkAbout2020 3. To place snd continuou:ly keep on the bui'd~ngs now o~ herea(ter s~t~~te on said Iend and on all eq~~p~nent and persona~fy covered by this mo~
sg~, with al~ prem~~m~ thereon pa~d in fuil, f~ro iniura~cr ~n ~hr ufuat sta~~ard po,~ty form, in a sum approvrd by the MQR~ua'vfE, a~ d w~nds~o
~nsurance in ~hs uwal sfanda~d po~.cy 1o~m, in a sum approved by ~he MORTGAGEE, in such company or cwnpan~es u ~he :~SORiGAGEE m
d~~ect; and all li~e and w~ndstorm insurance po~~c~ei on any of sa~d bu~~d~~gs, sny inte~est therein or part thereoi, in ~he egg~egare tum ~foresaid
in excess ~hereof, shall contain ~he usual s~anderd morr~ages clausa w such or},e~ clauss as 1he Mwtgagee may rcqu~ro, ma4ing ~hr eoss under se~d po
c~es, each and every, p~yab[e to said A10RTGAGEE as rts interest may appear, and each and every ~uch poi~cy shall be promptty ass g~ed and de~~vered ~
any held by ss~d~
ORTGAGrE ~s iurthar secunty to u~d mortgage oeot, and, not iau tha~ ter. ~3Ci days ic~ ad:a~~cn ot exN~~at:~~i ot ~acfi ;,o!:c,, to d.
I~~er to u~d MORTGAGEE a renrwal thereol, toge~her wifh a rece~pt fw ~he premium of such ~enewal; a~d ~haro shall be no f:re or windato~~n insuranc
placed on ~ny of aaid bvild~ngs. a~y interett there~n ot pa~t ther~of, u~less in the form a~+d with th~ loss payable as aroreseid; and i~ the event any sun
of money beca-+nes payable u~der such policy or poLcies said MORiGAGEE ~hall have ~he op~~on to rKeivC and ap~,Iy the aame on accou~~r of the indab~ed
ness aecwed hereby o? to petmit said MORTGAGOR$ 1o receive dnd use it p any part thereof for otner purposrs, ~•.ithp~t th~~. or ~v.:i+i ~3 or ~~npau
~ng any equ~ty, lien w rigAt u~der w by virtue of th~a mo::gage; a~d in the event w~d MORTGAGORS shatl for any reason iail to keep the sa~d p~em~srs so
insured, o~ fail ro deliver p~ompily any of sa~d poh:~es of insurance to sa~d MORTGAGtE, o~ fal promptly to pay fuily any pre~»wm thcrefor w in a~~ ~
respect fail ~o perf«m, d~scharge, execute, effec!, comple~e, comply w~fh and ab~de by th~s cove~an~, w any par~ harcof, sa~d M~RT~AGEE may pwca a~~d 4
pay io~ iuch insurence or any part thercof without waiving or affecting any op+ien, lien, equ+ty, w right under w by virtue of this Mortg.~ge, and the !
lull amount of each and every such payment shall be immediately due and payabfe and shall bear inte~e~t from ~he date thereof until pa~d at the rats ot :
nine per ceaWm per annwn a~d to~ethtr with s~ch inre~est shai~ be srwrad by the lien of th+s mwtgaga ~
1. To perTit, commir or suffer no waste, impairment w deteriorot~on of said property or any pert thereof.
5. To pay all and sinqu~ar the costs, chargea a~d ezpensea, including a reasonable snorney's fee and cost~ oF abstracts of title, incurred or paid at '
any time by said MORTGAGfE, beta~se or in the event of the fa;lure on the part of tAe said MORTGAGOR to duly, pro~.+ptly and fuily perfam, d~xharge.
e¦ecuse, effect, complete, compty w~th and ab:de by each and eve?y ~he st~pvla~~o~s, agreements, cond~t~ons, and cove~ants oi sa~d pran~ssory n~te and ih~~
.r.ortqage any or e~the?, and sa:d costs, charges and expenses, each and every, shall be immrd~atety due and payab;e; whether or not there be no~~ce da
mand, attempt to collect w suit pend,ng; and the full arnount of each and every such paymem shaU bea~ interest from the date thereof umil pa~d at the
~.•.e o+ n~ne per c<nt~m p.:~ annu:n; and ali sa~d costs, charges a~.d eape~~ses incurred w paid, together w~th such interest, thall be secured by the lieo of thi~
mortgagl.
6. That (a) in the event of any breach of this Mo~tgage or default on the part of the MORTGAGOR, or (b) in the event any of sa:d sums of money
herein rcfared to be not promptly and fu~ly paid wirh~n thuty (30) daya nex~ ahe~ the same severa:ly become due and payable, wi?hout demand or notice.
cr ~c} in the evero each ancl every tne st~puia~~ons, agreemeNS, condisions and co~anents of sa;d promissory nate an3 thls r.~artgagt any o~ tishe: arr no!
iu!y, prompfly and fuily perfo~med, dscharged, exec~ted, effectetl,.completed, compl~ed w~Th ar.d ab~ded Sy, then in eaher w any such event the sa~d ag
~•egate sum mentioned in said promdssory note then iemaining unpald, with intere:t actrued, and all moneys secu~ed hereby, shail become d~e and pay-
eo~e for~hwith, or thereafter, at the opr~on oi sa~d MURTGAGEE, as fully arx! comp!erely as if all of ~he said sums of money were or~ginaily st~pu:ated
~o be pa:d on such day, anyth~rr~ in sa.d pro~n~sswy ~ote or in th~s Mortgage to the con~~ary notw~~hstand!ng; and ~heroupo~ or thereafler ai ~he op~wn of
sa~d MORTGAGEE, w~rhout nonce w demand, suit at law w in equity, thereForo o? thereafte~ begun, may be prosecuted as if all moneyf sau~ed hereby
r._d maturtd pnor fo da instituhon.
7. That in the eve~t ~har at rhe beginn~ng of or ~t any time pend~ng sny suit uaon this IVFo.tgage, w to foreclose it, or to reform i~, or to enforce
~~yment of any clalms hereunder, said MORTGAGEE shall apply to the Cou~t having junsd~a~on thereof tor the appo~ntmrnt oF a Rece~ver, such Court shall
f; rtnwith a~po~rn a receiwer of said mortgaged property all and singula~, includ ng ail and s~ng~lar the income, pro(~ts, iss~es and revenves from whatever
s_.:rce de~ived, each and every of wh:ch, it being express~y ~ndrstood, is ~:e~eby mortgaged as if speulicaily xt forth and desaibed in the gran~ing and
h,~~ndum dauses hereof, and such Receiver shail have atl the boad snd effecrive tunct,o~s and powera in anywise entrusted 'by a Court to a Receiver, a•,d
s; ch appointmem shall be made by such Court ss an ad:nitred equity and a ma~ter ~ of abso!ute r~ght to sa~d MORTGAGEE, and wifhout ~eference ta the
adequacy w inadequacy oi the value of the property mortgaged or to the so:vency er insotvency of said MOR*GAGOR w the defendants, and that s~ch
•e~rs, profits, incane, issues and revenues shall be applied by such Rece~ver accordmg to the lien w equity of said MURTGAGEE and the pract~ce of such
Co~rt.
8. To duly, promptly and fully perfo+m, d~s=harge, execute, effect, comptetc, comply with and ~bide by each and every the stiputations, ag~eements,
;onditions and coven~nts ~n sa~d promissory note and ~h~s mortgage set forth.
9. That in the event the owrtership of the ~nortgaged prem~ses. or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the
.'~RTGAGEE, its successori and assigns, may, wirho~t nonce to the MORTGAOR, deal wnh such successor w successor in interest with relerence to this
~~o•tgage and the dent hereby secured in the same manner as wuh hlortgagor w~thout in any way vit~ating or discharging the Mortgagori liability here- ~
e,nder or upon the deGt hereby secured. No sa!e of the premises hereby mortgaged and no forbearance on the part of ~he MORTGAGfE w its successors
cr ass~gns and no extens~on of the t~me Eor the payment of the debt hereby secured g+ven by the MORTGAGEE or its successors w au~gns, ahall operate
ro release, d~scharge, modify cnange or affect the orig~nat Iiao.Gty of the MORTGAGOR herein, eilher in whde a in part.
10. N is speufically agreed that time is of the esse~:e of this contrac~ arx! that no waiver of any obligat~on hereundes w of the obligation s~
;ured hereby shali at any time thrreafter be held to be a wa~ver of the terms hereof or of the instrwnenl secured herby_
~ 11. In addnioa to the foregdng monthly paym~NS of princ pal and interest required by the prom~ssory no!e secured hereby, mortga~or covenants
~~.d agrees to ~ay to moctgagee v.rrh each moneh;y pay.:ent an add~r~onal sum es~:~~ated by mortgagee to be equal to 1;' 12 of the annual cost of the foilow-
j
f
; A-All real praperty taxes levied or assessco agai•ist the above desc~ibed real estate_
8-Pram.~ums on f~re and windsrorm i~su~ar~e as nere~n requ;red to be carr~ed en the Improvemeots s~tvate on the above d_scribed premises.
C-Premiums on such mortgage guaranty ir.surar,ce as mortgagee shail from r'me to time deem fit to carry on the loan secured hereby.
a Mortgagee sha:l from nme to ~ime nonfy morryaqer ~n writ~ng of the amou~t due and payable hereunder and such surn shal{ thereupan be due and
' ;=;able on the due cia~e of ~he next mor,th'y payrnent and each successive n:onth thereaft~r ur,ti! mwtgagee shal: ~otlfy mortgagor of a change in such
ovnt. Such wms s~a:i be a ~ed b mort a e toward the a ment of real ro rt taxes, insurance rem:ums, and mort a e uarant inwrance
s PP~ Y 9 9° P Y P Pe r P 9 9 9 Y
~ :;~emiums.
~ IN WITNfSS YJHFRFOF, tke said MORTGAGOR has here~mo xt his har.d and seal the day and year fir t afo~ said. _
~ Sgned, Sealed.and deliyued in t p?esence of:
a - 1 ~ ` al)
F ~ •
- ~-'a~)
_ - ' C~ ~$~al) ~
/
:s " (Seal)
~ STATE OF FLORIDR ~ ,
St. Lucie ~
~OUNTY Of 1
~ Befwe me personally appeared .~Olltl wdit@r Hebb, 5!• ~
Gene S. Hebb hit wife, to me well known end known to me to b~
~ the individwls desvibed ia and wtw executed the foreg~ing instrumeM, and scknowledged befwe me that they executed the same fo? tFa purposea
Gene S. Hebb
- rherein expressed. And the said
~ ~,~fe of the wid `JO~lIl Walt~r H~b • S!. vpon ~ separste snd privat~
~ ezaminsfion by me taken separate and apart from her sa~d husband, atknowledged to and before me that ahe exetuted said instniment frcely ~nd vOlun-
5 iar~ly and w~thovt any compulsan, constraint, apprehen:4n, or fear of w from her said husband. r
. x . - 1
WITNE55 my ha~d and offiual seal this ' day of Janua q, D: 19 7
" . ` ~ r .
• Notary Public-in and fw the Siste oi ffori~i:t! brye
My Commiuion eapir • y S_` ?
Return 70: C'j Ji. r ~
~ First Federel Savings b loan Association
~ o( Fo~t Perce. OAh,n,QEC~¢Fl~.
Fort P~erce. Flor~da 5`L`~~E^,r, UNjY ~
_ 410+L~M1GU1~i COURT t
- CIERK ~Q~F?EO
- t1ECeP'' YE
This Instrument Prepared By B• Bra~~ ~0 4 p9 ~
- First Federal Savings ~ loan Association
- of Fort Pierce, Rlorida
~r~ .~~p 22~.8~8
= Checked By _l.~~__~
$o~c ~~8 ~
_
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