HomeMy WebLinkAbout0242 3. To pface and continuo:,s~y keep on the burd~~:gs nox or hr~raf~rr ~~~~are on sa~d ~and and on atl equip~nem ar.d penonally co~e~rd by ih~s mw
age, w~th all premiums thrreon pa,d in }utl, fire iniurancr in ine usujf sr~~~arJ po:~cy ionn, in a s~m app~oved by the M.OR~i~AGEE, and w~ndsto
~nsurante in ths usual st3ndard pol:ty 1orm, in a sum appro+rd by Iha h10RTGAGEE, in tvth Company ot companies as the A'ORiGAGEE m
d~rect; and all fire and w~ndstorm insu~o~te pol~cies on any o~ s~~d kw~~d.ngs, any inreres~ therein or part ?hereof, in the aggrrgafe sum aforesa~d
in e:cess thereof; shall :o~tain the usual stmtdard mortgagee c~,+~se or wch other dause as tAe Mo+tgagee may requ~re, ma?ing tha los~ undr~ a.~~d po `
c~rs, each end eve~y, paya5!e to said h\ORiGAGEE as its interrst may appear, and each and every svth po!~cy shail be promptly ais gnrd and de~ivered ~ T
any held by sa~d MORIGAGEE u~urther seci~rity to said mortgagt d<oL and, not leu ~han tm (10) days in advance of ~he explrat~on of each poi~cy, to d~
Gver to said MORIGAGEE a renewal ~hereol, togethe~ with a recN~pt for ~he prrmwm oi suth raiewal; and there shall be ~o i~re o~ wn~dsw~m iniuronc ~
ptaced on any oi sa~d build~ngs, any inreresl thc~e,n or part thrreof, un!ess in tFK fo~m and wifh the toss payable as a(oresaid; and in the elenl any sun
of money becomes payable under such polity o~ poGcies said ~AORiGAGEE sha{I have ~he opt~on ~o reccive and app!y the sa~:~e on account oi the indabt~d ~
n~ss Setured hereby w fo permit fa;d 1AORTGAGORS to receive artd ~ft il ot any pa't the:cof for o:ne~ pur:~~srs. .•~nno~t th~r~u/ w~~v~.,3 ct nnp.,~r
inq any equ~ty, lien or righl under w by virtue of this mo:lgagc; and in ~he event sa+d MORTGAGORS shall !a any reaaon fail to keep the sa~d p~emiacs so
Insured, or fail ro deliver promptly any of said pofc~es of insurance to aa~d MORTGAGEE, or f~il p:ompfly ro pay fu~~y any p~e~n~urn therefor a ~n any
respect fail to per(orm, distharge, execute, effect, canp:etr, too~ply w'i~h and abide by this covena:~t, or any pa~t ha~eof, said MGRTvAGEE may p~ace a~o
pay for such inaurance or any part thereoi w~thout waiving or aff~cting any opr~on, lien, equ~ty, or righf under or by virtve of this Mor~gage, and the
f~ll amount oF each and every s~~ch paymrM shall be imnhdiately due and payabte and shalt bea~ interest from the date thereof umil p~~d a~ the rate oi
n~ne per centum per annu:n and to~ether with such inrer~sr sha~~~~~r s~~cw~~ by the Gen of this mwtgage.
1. To permit, commit or sufier no wesle, impairment o~ deter+oration of said property w any part thereof.
5. To p+y a~l and singular the costs, charges and expen~s, includ~ng a reasonable atiwney's fee and costs of abstracts of t~tte, incurred or paid at
,ny time by said MORiGAG'.E, because o~ in ihe event of the~fa~i~re on the part oF ihe said MORTGAGOR to duly, prompdy and f~11y rerfo~m, d~scharge.
e.ccute, effett, complrte, comply wah and ab:de b each and every tl~ st~pu~anons, agreanients, condit~ons, and covenants of said prom„sory note and ~h~~ _
?:orrgage any ot either, and sa:d costs, charges a~ ~apenses, each arxl every, shaU be immediate~y due and payab:e; whe~her o- not there be not~ce dz
n,and, attempt to collecl w suit pend~~g; and,lhe tult a~no~nt of tach and every such paymem shall bear ;nteres? from the dafe thereof ~ntil pa~d at the :
re o; nine per crnt~m per annu~~; anC all ~c! cosn, cha.ges a~u! cxpenses fncv~red or paid, together wah such interest, shall be secured by the lirn of this !
morl9age. i
6. That (a) in the event of any b~each o~ fn;t Mortgage or defaull on t1~ part of the MORTGAGOR, or ;b) in the eve~t a~y of sa:d sums of money
herein reftrred to be not pranptly and futly paid within th..ty (3Ji days nea~ aiter the same severa'ty become due and payable, without demand or notice,
er (c) in the event each and every the atipulatqna, 3grcemeMS, tonddwns and covenanta of sa;d prom~ssory note and th~s mortgage any a ehher are no1
~uly, promptly ar+d fufly pertormed, d!scharg•_d, taecured, effected, completed, compl~ed with and ab~ded `sy, then i~ either w any such event the said ag
~•rgate sum mentaoed in said prom~sswy not~ tMn remaining unpa~d, with intr~est accrued, and a~I moneys secured h?reby, shatl become due and pay
ao:e forthwi?h, or thereafter, at the opr~on o1 said MORIGAGEE, as fully and complerely as ii all of the sa~d sums oF mooey we~e onginal!y supu~ated
to be pa~d on such day, anything in sa.d promisso~y note w in this Mortgage to the conrrary notw~thstanding; and ~hereupon or thereafter a~ ~he option of
s~.d MORTGAGEE, wrthout notice o~ demand, suit at law o? in tqu~ty, there~ore o~ thereafter begun, may be prosecuted as if all moneys securtd hereby
r,_d matured pnor f0 da institutwn.
7, That in the event that at the beginn~ng of or at any r~rie pe~di~~g any suit upon this Mortgage, or to foreclose it, o~ to retorm it, or to enforce t
p~yrnent of any ciaims he~e~nder, said MORTG~+G~E shali appty to th~ Co,.rt having ~u~~sd.ction thereot for the appomtment of a Receiver, wch ~o~~t shall
for.hwith appoint a receive? of said mortgaged property atl and singular, incl~,cl:ng aIl and singu~ar the income, prof~ts, isi~s'and revenues from whatever
s:~rce de~~ved, each and every of wh~ch, it be~„g express:y understoocl, is Fereby mor+gaqed as ~f speuflcal{y set forth~and described in the granr~~g and
h3bendum dauses hereof, and such Receiver shall have ail ~he b~oad ar.d eff~c!:ve funct.ons a~d pow~en in anY~1 se er~NUSi~d by a Court to a Recei~er, and ;
s_ch appointment shall be made by auch Court as an ad~nitted eq~ity and a natter of absolute right to s~ld AiR~RT(iAG~E,~ ~d° wit~outy~eferente to fhe •
aciequaty or inadequaty of tl ~ value of the property mwtgaged or to the so.ve~cy o~ msoivency of seid •idlQRlf3A(`inR w~e~ dt~endaMS, end that such ~
~~~~s, profits, incaoe, issues and revenues sha~l be appiied by such Rece+ver accord~ng to the lien or equityoi said AtORTGAGEE and the practice of such ~
Covrt. '
8. To duly, promptly and fully periorm, d~scharge, execute, effect, compfete, comply w~rh and abide by each and every the stipulations, sgreements,
:cnditions and covenanrs in sa~d p~om*:sory note and this mortgaye set farrh.
9. That in the event the ownersh~p o4 the mortgaged pren,~ses, or any part thcreof, becomes vesfed in a person other than the MORTGAGOR, the
:'ORiGAGEE, its successors and asaigns, may, wifhout nor~ce to ~hE YORTG~OR, deal with such successw or successor in interesf with reference to this
?~o•tgage and the debt hereby sx~red in the same manner as w:th ~.lcrtyagor withaut in any way vitiating or d=scharging the Morfgagnrs' liability herr
~nder or upon ihe debt he:eby secured. No sa!e of :he Frem~ses F.e:eby rnortgagad and no farbearante on the part of the 1J10RiGAGEE w its s~tcessors
cr ass~gns and no exte~sion of rhe time for the payment of the deb+ h~re~y sec.,red given by the N10RTGAGEE or its successors or aas:gns, ahall ope~ate
ro re~ease, d~scharge, modify change w affect the orig~nal I~ao~iny of the MORTGAGOR herein, either in wF.ole or in part.
10_ It is spec:ficalty ag~eed that time is of the er:ence of th~s contract and that no waiver of any obligat+oo hereunder w of the obli9ation se-
cured hereby shal~ at any time tnereafter be heid to be a waiver of the terms hereof w of the instrumem secured herby.
11. I~ add.t~c~ to the fo~ego'ng month!y paym=nts of princ pal and ~nterest requ~red by the prom:ssory no!e secured hereby, mortgagor covenants
~ d agrees to pay eo mo-tgagee with each mo~rhiy pay~.:ent an acidr,~onal sum est'n,ared by mortgagee to be equal to 1, 12 of the annual cost of the follow-
g:
` A-All real property taxes lev~ed or assessed agai•~st th•, above desvibcd mal estate.
f B-Prem~ums on ~he and w~ndsto:m insurac~e as herein requ:red to be ca~r.ed on the improvements situate on the above described premises.
E C-Premiums on wch mongage guaranty insura.,ce as mortgagee shall from t me to time deem fit to carry on the ioan secured hereby.
j Mortgagee sha~l !rom time to +ime not~fy mongagor in wr~r;ng of the amou~t due and payabfe hereundrr and such surn shall thereupon be due and
;~vable on the due oate of the next month'y payment and eath successive month thereaft~r untii mortgagee shall notify mortgagor of a thange in such
i ~,.ount. S~ch wms sFail be appiied by mortgag?e roward the payment of rea! property taxes, insurance p~em~ums, and mortgage guaranty inaurance
i
i: "E TIUTS.
~ IN YATNESS YlHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and e firs/ aforesaid
` Signed, Seal awd de" e~~d in the presep[e of~
~ ~ Q" Seal)
Ci~l ~.@3 ~3J118 6 (Seal) ~
~ (Seal) ~
_ - a
~n
~ - ~Seal)
s. S~ATE OF FtORIDA ~ • ~Seal~
~ ~ u.
~ COUNTY OF ~K ~ G 1 $ • 8 $ O
~
~ Befwe me ~~sooauy a~a?ed _ ChSI'le8 F. Ramage and Ida Ramage a~d
~ Louis _ P. Paqsi n~ and Ada J Pansino his wife, ro W~n k~oW~ and k~own ro ~~a ~
~ rhe individuais desaibed in and who exetuted the fuegoing instrument, and acknowfedged befote me that they executed the same for the purposes
" tF~erein ~x~~sxd. n~a rrK said Ida Rama~e u?i£e of the said Charles F. Ramage and Ada J. Pansino
N~fe of the said T+OLl~B P• Pansino ~pon a separate and priwte
exam~nat~on by me taken separate and apart from her said husband, acknowtedged to and before rrK that she executed said instrument freely and volun-
~ ~arily and «ithout any compvlsion, constraint, apprehens~on,-qjfear of w from her said husband.
`2 ~CB1Rb6T ~l
~ WITNESS my hand and ofiicial seal this_ 8,~~ day of A. D. 19
~
= Notary Pubfi n and fot the State of florida at larg=
_ µy exP~~~: L, i 9 7s ~
?i; Return 10: . NOTARY PUBUC ST"T~ AF F~ nR10A AT LAt~
Fint Federal Savings ~ loan Associat~on • f~ ..mne ~
Of Fort P~e:ce. ~i ti _
~ ~ L~-i,~; ~~~~v~, .~EIMERIIL INSURANCE UN ADERWRITE~R$,1~~ ~
:~t Fort P~erce, fior~da ~tiiii~_ ~ f .
, '~,,~,'-s ~ n i R
~;r 't. J : F~LED ~Ne ECOROEO
. ST. LUC.E COI;ttTY flA.
= This tnstrument Pr~pared By E. BTauri ~,,'"r~N CI'~~~ • ROCF_n P~~TRAS
~ First Federal Savings & Loan Association _ O ~•J : CIEkR ;,~::CUIT COU ~ ~
of Fort Pierce ,~'lorida Q:.~.,- RECOQ~ YEwif~f)
Checked By - J~~~ STt`;~:`'' Ju~ t5 1 1~ i H~~~
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