HomeMy WebLinkAbout2708 3. To pface end co~rinuwaiy kerp on rhe bu~'d~nga now or hereafrer ut,.ste on sa d te~+d and on a!I equ~pment and pe~sona'ly co~ered b~ th~s mor
eqe, w~th all pren~~~ms ~hereon pa•d ~n full, f~re ~r.sure^ce :n ~he us~st s~a~dard po:~cy torm, in • sum approved by the M"vR:v4vEE, and w~:~ds~c
~nwrsnce in tM us~ai i!andard poi•ty form, in a s~m ~pproced by tF+e MJRTGAGEE, in such compa~y or co+.~pames as ~he -A~ORIGAGEE
d~recL• •nd all fire and winds~orm Ins~rance poi~c~ci on any of sa~d bu~~d.ngs. •ny imeies~ rherein or ps~t rhereof, in the agg.ega~e sun~ aiaeta~d
in excess Ihereof, shall contain thc us~af standard mong3gee c.ause or avch other c~>use sf fhe Ma.tgagee may req~.re, ma?ing ?t~e ~oss under sa,d po
c~es, each •nd every, payaDle ro said MORTvAvfE as ~n inreres? may appcar, e~,d eac~ and every auch po~:cy shall be prompuy ass gnrd a~~d dr ~vered ~
any held by tald MORIGAGEE as further security ~o uid mortgage deDt, and, not less than ten (701 days in adaance of ihe e?F%~~at~on of each po:~cy, ~o d.
~.ver to said MORiGAGEE a rentwat thercof, to~e~her wifh a rece~pt ior thc prem~;,m of such renewai; and ~here s!~a~l be no f~re o~ .v~.~ds~o•~n ~nsursnc
p~aced on snY oi sa~d build~ngs, any iroeres~ tnere~n or pari rhe.eof, un:ess ~n rhe form and va~th ~he Ioss payab!e as aforesa~d; and ~n ihe etieM anY s~n
of money becomes payable unde~ such policy or pol~cies taid MORTGAGEE shail have ~he opuon io recr~.e and app!y the sa:ne on accou~~~ oi tfro i~wirbted
ness secured hereby or to perm~t sa~d MORTGAGORS ta rece~ve and uu i~ or any p~~t thr~eof to. ovnzr pui.~seS. ~t~}h•~~t ~n~~.o. .~.::~~t~ ~'~'v~"
~ng any eqwty, lien w r~ght under o~ by virt~e of th~s mor:~age; and in the evem aa~d MORTGAGORS sha!I ,'or any reaio~ isil to keep the sa~d prem~srs so
~nwred, a fail to delivrr prompily any of sa~d pol~c~es ot ~nsurance to sa~d MORIGAGEE, w ta~'~ pron:prly to pay fu':ly sny p:r:~-.~.m thereto~ o+ in •:+y
rrspea iail ~o pe~fo~m, d~ach.rge, exac~ra, eitect, cx~Fleta, :a^:Y!Y weth and ab:d` by fh+s cove~a~~, w any part harcof, sa~d MvAivaGEE mav p:acr a^tl
pay for such iniurance or •ny part thereof wrthout wa~ving or affectiny any apt~on, tkn, equrty, or ~yht undrr or by v~nue o1 this Mangage, and the
f~ll amoum of cach and every such paymem sha~i be ~mmed~ately due and p+yabie and shail b~ar ~nterest trom the date thercwf un~i1 paid at !he rate oi
n~ne per centum per annum and to~rfher v.nh such ~ntr~est sha~~ be srwrad by the lien of th~s matpsge.
1. To permit, comm~t ot suffer no waste, impairment w deteriorat~on of sa+d p+operty w any paA the~eol•
S. To pay all and s~~gutar the cosrs, char~es and expenses, Including a reasonab!e attorney's fee snd cos+s of abstrac~s of t~tle, incurred or paid a~
a~y t~me by said MQRTGAG:E, beca~se o~ in ~he evem of the fa.Iure on the part of the said IV~ORTGAGOR to du'ry, p.o-+p+ly a~ fully perio~m, d~uharge.
e~ec~te, effK~, compiere, comply wnh and ab.de by each and every tFx stipvlat~ons, agreanenta, cond~tior~s, and covenants of sa~d prorr~~ssoiy note and ~h~s
-~,arrgege any w e~~FKr, and sa:d costi, cha•grs a~d ezpenses, each and every, shali be immrd~ate~y d~e and payab:e; whether w rwt there be ~or~ce dr
~~and, attcmpt io collect or suit pend~ng; and the ful~ amount of each and evtry s~ch payn»M shaii bea~ ~nferest #rom tne dare ti.r~eof uniii pa.d et :~:t
~.•fe oi nirx per centum pe~ ann,,~~; and a11 sa~d cusrs. cha~ges and ex'xnses incurred w paid, together wdh such internst, thall be sKUred by the I~en oi th~f
mortgage.
A. Thst (a? in the event of any breach of th~s Mortgege or defau:r on rhe part of the MORTGAGOR, or ;b? in the event any of ss:d sums of money
nerein referred to be not prompe~y and f~~ly pa~d w•~~i~ui th~rty ~30; da~s nert a'frr the sa^~e se:c•a !y Cr.o^~e d::e a^-~ payable, w~thou+ demand or ~otur.
or ~c) in the event cach and cvay rhe s~ipu:ations, agreements, cond~~~ons a.~ covenants ot u.d promiswry note a~d ~h,s mortgage a~y w e~ther are not
ic,y, promptly and f~;ly performed, d:scharged, executcd, effec+ed, comp~eted, compi~cd w~th and ab~dad by, then in e~thei p any su:h eveM the sa~d ag
3•cga*e sum mentioned in ss~d prom~sswy rwte ihen remaining unpaid, with ~nterest a:crued, and a~l moneys secured hereby, shall become due and pay
ac~e forihwirh, o. thereaher, at the opt~on of sa~d MORTvAGEE, as futiy end compie~ety as ii all of ~he said sums oi money were or~g~natly st~pu;a~ed
fc be pa~d on svcA day, anythi~g in sa.d prom~:sory note or in thls Mwtgage ro ~he contrary notwifhetar.ding; and thercupon a thereafter at the op~~o~ of
ia:d MORTGAGEE, wnhout not~ce or demand, suit at law or in ea~~fy, therefore or thereatter begun, m~y be pros~cu~et! as if ail money~ secu~ed bereby
n~~ matured prwr to ~ts ~nstirvt~on.
7. That ~n the e~er.r ri,at e+ ~he beg~nn~ng of w a+ any nme pe~d~.~9 any su~t upon. th~s Nbrtgsge, a to foreclou it, or to refo~m it, or to e~force
; ayment of any tiaims he*eunder, said MORTGAGEE ifiait apply to the Co:,rt hav~ng ~ur~sd~ct~on thereof for the appoiromero o( • Receiver, such Cour~ ihail
!~-t!,with appoint a rKe~ver ot sa~d martgaged property al+ and singvlar, intl~.~1.~o a:t and s~no~~ar f?~e income. nrofds, issues artd revcn~es from whalever
s_.,•ce derived. each and every of wn.ch, ~t be~ng express;y undersrood, is hereoy mo<<gageo as ~f spec~f~cai;y ut foreh and deuribrd in the g~an~~ng and
'~abencum c:auses hercof, and s~ch Receiver thall have rl rhe broad and efiecr.~e funce.o~s and powcrs in anyw~se emrusted by a Coo•t to a Rece~~er, and .
ch appoin!ment sha? be made by svch Court as an ad•ni~ted eGu~ty and a r.,atter of nDsoi~te r~gM to said MORTGAGEE, a~d wrtheut reference to the ~
adequacy o~ inadequacy o4 the vaiue oi the properry mor!gaged or to the so:vency o+ ~nso:vency oi sa~d MORiGAGOR w the detenda~~ts, and ~hat such
~•~!s, profin, incane, issues and re.enues shall be appt~ed oy such Rece+ver accord~ng to the (ien w equ~ty of ta~d MORIGAGEE and the praUice of such
Co~rt.
B. To duly, promptly and fulRy perform, d~scharge, exccute, effect, complete, comp~y w~th and ab~de by each and every ihe stipulations, agreements,
conditions and covenams in sa~d promissory note and tbis mongage set fath.
9. That in the event thr ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the
:^RTGAGEE, ih successwt and ass~gns, mey, wirhout not~ce to thE A10RT~,AOR, deat w~th s.,,h succeaso. w successo+ in mteres~ w~tfi ~eference to th~a ~
~~~o•+gage and the debt hereby secvrcd in the same manner as v.~~th Mortgago. w~thout in ar.y way vit:ating p d~scha~g~ng the Mortgagori lisbit~ty hero-
~ndar or upon t1K deb~ hereby secured. No sal~ of ihe prem~ses hereby nartgaged and no forbearance on the par~ of the MORTGAGEE o. its svccessors s
or ass~gns and no exter.s~on of the t~me for the paymem of the deb~ hereby set~red given by the MORTGAG.E or itt f~cceisors or au~gns, ahall operate i
!o release, d:scbar~e, mod~fy change or afiect the orig.nal ~i2D~+:Ty Uf the MORTGAGOR herein, either in whole a in part.
10. It is spec;fically agreed that time is of the esuncc of th~s mntract and that rto waiver of any ob,~gat~on here~nder a o1 the obligation sr
c~red hereby shati a! any Un,e thereafrer be held to be a we~ver of the terms hereof a of the instrument secured herby.
I1. In add.~~o~ !o rhe fore9c ng month~y paymen~s of p:inc pa~ and interest requ~red 6y the p+omssc.y nore src~red hereb~, morfga3o; covenants
-•.d agrees to pay to mo•igagee n~~h each mon~h~y pay~,ent an add.r~o~al sum ez! ~ eted bf rr,O~tgagte to be eg~a~ to 1, 12 of r;,e an~uaf cost of rhe fo:iow- ;
: ~y: ~
S A-A~i real property taxts lev.ed o• assessrd agai~si fhe above desc~~bed real estare. ~
B-Prem~uma on fire and w~nds!orm ~ns~racte as here~n req:,:red to be carried on the ~m~roveme~ts s~t:,ate on the above d=su~bed premises. ~
F C-Prem~ums on such mo*t9age gua+anty insvra~.ce as mo~tgagee :haJ from Yme to t~me deem fit to carry on fhe loan secured hereby. ~
€ Morfgagee s!:a~~ from t~me to nme nonfy mortyagor m wr~t;ng of the a--~ouv due and payable hereundr~ and s~ch surr shall thereupon be due and
~ .~,ab`.e on the doe oate of !he ~ex+ month:y payment and each success:ve montfi tnereafter ucti: mortgagee sha~! not:fy mortgagor of a change in such
` :.o,nt. Such s~ms s~aii be a~p:ied by mortgagee to~nard the paymmt o4 real propert~• ta:es, insurance prem,~ms, a~.d mor~gage guaranty insurance
r
:~•e~riums.
~ IN WITNcSS Yr'HERcOF. the said MORT6AGOR has hereunto set his hand and seal the day and year first afore '
~ 5 ned: Seeled and etive~ed i~ the presence of: - _
~ ~ an
~ Ric ard L. Denny ts~aq
~
an
s ~Sartha E. Denn ~~a~
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S~~'E Qf FLORIDA 1 ~
~ } SS. `
~ ~ouNn pF St . Luc ie ~ :
" Befwe me penonally appeared Ricnard I.. ~enny e~ i
~~iartha E. Denny his wife, to me well known •nd known ro me to be
~k r!,e ind~v~duals described in and who executed rne fwegarg +nstr:,mem, and ackrawiedged before me that they executed tht wwe fw the purpoaes
~ rneroin expressed. And the seid "•artha E. Denny
~~:se of the said Richard L. Denny a~ pr;vare
y:y e=am~nation by me taken separate and apart from her said huaband, acknowledged to and befwe me that sfie exeaite~ ~ iat?vni~~~freely ~nd volurr
~k ra•~ly and without any compulseon, constraint, apprehension, w fesr of o~ fram her said husband.
~
'>z WITNESS my hand and offiual seal this_ 1~~ day of anuary D: 19 72
4_~ . ~r ~ ' t ~1 . .
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" Notsry Public in ~nd foi de ~f !
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My Comm~uion expi~es: ~~Y B~f~~i~1~lf {LORIDA ~t LARGE
Return To: tir $~N'`~Q~},"t_ES SEPT. 25, 19T5
s:~ First Federa) Savi~gs 8 loan Assoc~at~on B~M~~iil quiktfS IrtSU7~11C0 (:0.
~~x O} FOrt P.e~ce. FILEO AM~ afCeRDE~ ~
= St.LUCtE COUNTY FU.
=-.:j Fort P~erce. Fiurida ~ ;~'?~~S ~
ROG.' ~
`~K C.E-.r. L .~L:T ;,~L'RT :
~ Rf~',=~ r '~t!~ #
This Instrument Prepared By John Collins 11~ ~~~Z ~
= First Federa) Savings 8 Loan Association ;
- of Fort P~erce , F lor i da ~
Checked By
:
, '
'R~~~ ~0~1~ ~Z705 `
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