HomeMy WebLinkAbout2483 3. To place and co~~inuously Aeep on the hu~ d~r,gs now or Aerzaf~er ~~wate on sa~d Iand and on aif eq~~p~nent and penonally cov~red by th~s mor
~ge, wlth •il pren~~~ms mereon po.d ~n f~tl, I~re ins•,rance ~n the v~ual ata~yJ.+rd po~~cy iorm, in a sum aNprcved by ~he MOR~~»EE, a~~d w~~~ds~o
~ns~rante in Ihe usua~ ~fandud aol.cy lOrm, in a sum appro~ed by lhe MORTGAGEE, in fuch tompa~y or tompan:es as the 1.10RT~AGEE m
ductt; and all iiie ar.d w~nd~form insu~ance pol~ucs on any of sa~d build~~~. any inrereat thzrei~ or pa~t ~hcreol, in the aggrrga~e wm afores~~d
in exceai thereof, shall coniain the uwal sta~:d~rJ morigagre nause or s~th other ciause as the Mo~tgagee may req~.re, mal~ng ~hr to?i ~ndrr s.~~d po
c~cs, each and every, Faya~'e to sa~d f,1ORlGAGEE as ~~s inrereat may appear, nnd each ard e~ery wch po~:~cy sha~l be promp~iy assg~~rJ a~~d dr~~~~rcd
eny held by sa~d tdORTGAGEE as fu~~he~ setunty !o sa~d mor~gage debt, and, not less than ten (:0; days in advance of ~hz eap~~e~~on of each po'~~cY. ~o d~
~~ver to said MORTGAGEE a reneM•oI thercof, toge+her with a recz~pt for ~he prem~um ot wch renev~at; and there :~al~ be no f.re o~ w~~~duo~~n inwranc
p~aeed on a~y of sa~d b~~id~•~ys, any ~~~e~rcit there:n or part rhereof, un:ess ~n ihe form and w~+h ihe toss payab!e as aforesaid; and in the e.ent any s~n
of money beco~nes payab;e ~nder such poiicy or pol~c~es se~d MURTGAGEE sh~ll have ~he opt~on to rec~~ve and app!y the same on accou~~t of fhe ind~i,~~•d
ness secwed herrby or to perm~i sa-d h10RTGAGORS ro receive and use it w any pa~t ih~;eof ior ochrr pu~:os~•s, .:.~n;,;t ih~~~u: •...~~~~7 c~ ~•~~p••~•
~ng any equ~ty, Len or r~yht under or by v~rtuc of this morrgage; and in the event sa:d h10RTGAGORS sha11 `or any reason ieil to k~ep ~he :a~d prem~s~s so
~nsvred, o? fail fo dri~ver pron~Nily any ot sa~d pol:ties of inswance fo aaid MORTGAGEE, or fa~! promptly ro pay fuIly any prt~n~,;m thereior or in a'~y
resprct lail to prr(o~m, d~sch,~ge, execure, effect, completa, co~nply with and abide by th~s covenan~, o~ any par~ hareoi, s~+~d MvRTG:.G~E n~a~• p,ace a d
pay for such innurance or any pa~t tha~eof w~thout waiving w affecting any opt,on, lien, equ~ty, o? ngh~ undm or by v;rwe of ~h~t hlorrgage, and t',c
f~il amo~M of each and every ,uch payment shall be immediately due and payable and sha;l b.:ar interest from the date thereof uniil p~~d at the ~ate ot
~~~:~e per ce~rum per anne.:n ond to~~•~h,rr v,~rh such ~nreres~ shai~ be s.:c~red by the lien of th~s mortgagt.
To permit, commit or suffer no waste, impairment or deter+orotion of sa~d property or any part thcreof.
S. To pay all and singular the costs, charges and expenses, ~ndudmg a rea;onable attomey'~ fee and costs of abst.acts o! tiile, incur.ed or pald at
any time by iaid MORIGAGEE, because ot in the event of the failure on the pa~t of the said MORTGAC,Ok to duly, pio:nptly and futiy perfwm, d~stharge
:,~ecute, efiect, comp~ere, co:nply w~th and ab.de by each and every the st~pufat~ons, agreements, condit~ons, and covenants of sa~d pro~n~ssory no~e a~,d thu
-.or.gagr any or e~~her, and sa.d costs, charges and expemes, each and every, shall be immrd~atety due and pay~hle; whether p not ~he~e be not~ce dr
mand, attempt to collecr or suit prnd~ng; and the (~U amount of each ?nd every svch paymrnt shall b~a~ intrreat from ~he date thereof uroil paid al the
~,+e o+ nme per crn;~~~, t:r a~~~w~r, ond all said cosu, cha~grs and exoe~isei ~ru~rred or paid, together w~th such interest, shall be secured by ~he I~en of thd
mcrtyage.
b. That (a) in ~he event of any breach of ~his Mo~rgage or default on tM part of the AtpRTGAGOR, or ~b) in the event any of sa'd sums of money
he:ein referred to be not pro~nptly and fully paid within th,rty ~30i days ne~t aiter the sa~t~e severa'ly 6ecorne due ar,d payable, wi~hou~ demand o~ not~ce,
or ;c) in the evem each and every the stipulations, agreements, condnons and covenants ot sa d prom~ssory note ar.d ih.i mortgage any or eirher are not
iv:y, promptly artd f~ity performed, d.scharged, e,eecuted, effec!ecf, tompieted, tompl~ed wirh and a6~ded Sy, then in e~~her or any such event the sa.d ag-
y~egate sum menrioned in sa~d prom~ssory note then re~r.a~ning u^pa~d, w~fh inre.e~r accrurd, and att monays secured hereby, s~all become due and pay~
eo•e forthwith, o~ thereafter, at the opt~on of sa~d MORTGAGEE, as fu~ly and tomple~ely as i1 all of thr said suma oi money were or:~~na'~ly snpu~ated
rc be pa:d on such day, anything in sa d prom~ssory note or in th~s 6lortgage to ~he conna~y notwdhs~and~ng; and ~hereupon or thereafrr~ ai the op+~on of
s- d MORTGAGEE, w~rhovt nor~ce or demand, su~t at law or in eq~~ty, therefore or thereaher begun, may be prosecuted as if all moneys sewred he~eby
r,: d matured pnw to us ~nsntut~on.
7. That in the event rhat at fhe be9inning of or at any time pend~ng any suft upon ~his 1'dor~gage, or to +c.eclose it, or to reform it, or to en(orce
t.~rment of any daims hrreunder, sa~d MORTGAG'_E shall apply to fhe Cour~ havmg ~ur~sd:ct,on ~hereof for ihe apHO~ntmem of a Receiver, wch Co~.t shail
r~•!hwith appoiM a receiver of said morfgagrd property all and s~~gu!ar, indud.ng ail and s~ngular the ir.come, pro6ts, issues and revenves from whatever
s, vrce denved. each and every of wh ch, ~t be~ng expressly unders~ood, ia Fereuy mor~gagrd as ~f spec:f~ca~ty set fo~th and described in the g.ani~ng ar.d
~bendurt: dauses hereof, artd s~ch Rece~ver she~l have all fhe brcad and effecr~ve f.,r.u.ons and powers in anyw~se emr~sted by a Court to a Receiver, a•~d
s.h appoin;ment shail be made by svch Coor~ aa an ad nirfed equ~ty ar.d a matter of absot~re r~ght to said MORTGAGEE, a~d w~shout re~erence to the
>;'equacy or inadequnt~ of tha vj!ue ot the p+ogerty r.:ongz9ed or to ~he so wncy or ~n;o:.ency oi said N.ORiGAGOR or the defe~~dants, and that wch
r~ ,rs, profits, inco.ne, issues and revenues si:all be app~~ed by such Rece~ver accord,ng to the lien or equity oi sa~d h10RiGAGEE and the practice uf such
tO~rt.
8. To dufy, prompt!y and fuUy perform, d~sc~a.ge, exec~re, effr:t, compiete, compiy w~~h and abide by each and every the stipulatians, agreemems,
.o~:di?ions and covenanis ~n said prom~ssory note and th~s mortgage set forth.
9. That in the event nc~ ownershlp of ~he mortgaged prem~ses. or any part thereof, Eecomes vested in a person other ?han the MORTGAGOR, the
:'~RTGAGEE, its wccassors and assigns, may, w~thout no+~ce to the \10RTGAOR, deal ar~th such successor or successor in ~roerest wi~h reference to this
o•rgage and :he debt hereby sewred in the same manner as w~~h Mort3agor w~rhout in any way vit,ating a d~scha~g~ng the ~1lorfgagors' liabil~fy here-
der w upon the drbi hereby secured. ko sale of the Frrmises hcreby mortgaged and rto forbeara~te on the part of rhe IAORTGAGEE or its successo~s
c• ans~gns a~d no extens~on oi tne ~~me tor rne payment of tne debf h_•~eby sec~red given by tne MORiGi+GEE or its succesaors or ass:gns, a~:eii opr:aie
ro re~ease, d~scharge, mod~fy change or af(ect ihe orig~nal liab,t:~~ of !he MOR)GAGOR here~n, e~ther in whole or in part.
10. h is speoficaily ag~red that t~me is of the essence of this comract and that no waiver of any obl~gat~on hereunder o~ of the obtigat~on se-
; c~red hereby shali at any ~~me :hereafter be hetd to be a walver of the terms hereof or of the insuumem secured he~by.
i I1. In atid tlo:i to the foregc rnonth!y paymen~a of pri~c pal and interest requ~red by the prom sscry no'r secured herebr, mortgig~r covenants
~ • ci agrees ro nay to m.o-tgagee wnh each mon!h y pay~nent an add~rional sum est,n.ared by mortgagee ~o be equal to 1. 12 of tha annual cost of the foliow-
€ A-All real property iaxes fevied or assessed agai~st rhe above described real estare.
i B Pre~:;u~ns on fire and vvinCJS~Ur,n ~nsura~.ce as nerem requ~red to be carr~rd on the ~mt:roveme:vs situate on the above describe~ premises.
~ C-Pre~n~u~cs on such m.ortg;ge guaranty ~rsv~a~.ce as mwtyagee sF~al1 fro~r r r.~e to time dcem fit to ca~ry on the loan sewred hereby.
i Mortgagee sh,.i fro:n hme to tl-ne nooi4y mertgagcr ~n wr.t.ng of the ar. ou~t due and payab~~ hereunder and such su~n shail :hereupon be d~e and
~ jyab!e en the d~e dare of rhz next month:~r pdym~-nf and each successive month thereafter untit mcrtgagee sha!! not~fy mo:tgagor of a change in su.h
:unt. S~ch su:r,s sha:l be app:icd by mortgag~re towa~d the payment of real property taxes, inwrance prem,ums, and mort e guaranty insurance
c•emiums.
~ IN Y~ITPJESS ':IHEREOF, ~he s id MORTGAGOR has hereunto set his har.d and seal the day and ar first afo~esai
' ned, Seated and dz~vered in the pres nce of: _
~ _ ~ ' ~ _ \ (Seal)
ti
~ (Seal)
~
~ - - {$~al)
~ TherBSSa D. Gaines cseaq
L~
~ S1ATE OF FLORIDA
~ .Sti L11C~@ ~ S5.
x COUlJTY OF ! 1
't~
Before me personally appeared _ 5~~1 S. Gaines and
> _ T}1eP@838 D. Gaines _ h;, wife, to me well known and known to me to be
rhe indivEduals described in and who executed :he foregoing instrument; and acknowledgsd before me that they executed the same to? the purposes
~ rherein expressed. And the said__ T~1@I'@S88 D. Gaines
r,e +.:fe of the said S~111@Z S. Gaines _ _ upon • iep~rate and Frivste
a' e.am~nat~on by me taRen separate and apart from her said husband, acknowledged to and before me that she executed said imtr~unint freely and',volun-
~r.~~;y and withovt any compulsion, constraim, apprehe s n or fear of or from her said husbartd.
~ ?1
WITNESS my hand and offiual seal this_.__ day of A. D. 19-~_
- ~C`; %~,hn~~1 .
N ary Vubl~c in snd for th Stare of ~lprida a1 larye
My Comm~s3ion expi~e •
Return To:
'(1 n -
F7rst federal Savings 3 loan Assouat~on FILEO A~1C atCOR0E.0
O~ Fo~r v t~ce ST.IUCIC COUNTY FIA. ~j
- Fort P~erce. Ficrida (Z~~t~ =JITR~.~f i o1
_ CIfP.l. couaT
- prCn~'; Vf c ; - _ „
~ This Instrument Pre ared B ~l ~ 5~
P v J.H. Roberts, Jr.
First Federal Savings 8 L~an Association -
of Fort Pierce~ Florida
.
~ _ 2221'79
' Checked BY .5~--- - - - -
BOOK1~ PAGE~~~O
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