HomeMy WebLinkAbout0299 3. To placa •nd continuousiy keep on the b~~!d~ng~ now w hereafter ?~tu~te on said iand snd on all cquip~nent and perso~ally covered by th~a mw
•ge, w~th all prem+urru ~hcreon pa~d in fu~l, f~re insuronce ~n the uwal standa~d pol~cy form, in a fum approved by the MOR«a~GEE, and winds~o
insurarxe in tM usual standard pol~ty Fam, i~ ~ sum spproved by the MORTGAGEE, i~ iuch tanp~ny or tompa~ies as the A'IORTGAGEE m
d~rect; and all fire and w~nds~otm insursnce polK~es on any of se~d bui!d~n~s, any interest therein or pa~t thereol, i~ the aggre9are tum aforesaid
in ex:ess tAereof, thatl contai~ tM usual standard matgagee tiause or fuch other ctause as th~ Morlysgee may rcqu~rs, ma?iny Ihe loss u~+der sa~d po
cies, e+ch ~nd every, payab!e to :~id MORTGAGEE as ~ts iroerest may appe~r, and each and ~ve~y iuch poiicy thall be prompfty +ss fl~cd and de~~ve.ed ~
sny held by s~~d MORTGAGEE as fu~~her security to said mor~9age debt, and, not leu than ten (10) days in advance oi fhe expirat~on oi each pol~cy, to d~
Gver to ssid MORTGAGEE a re~ewal thercof, toye~her with ~ rae~pt for tha prEmium of such renewal; and ~hero stwll be no i~re o~ windstor~n insuranc f
plxed on •ny of s+~d build~ngs, any iNeresl thcrei~ or psrl thcrcof, ~nless in the torm and with tF+e loss payabfe ss afaessid; a~d in the event any sun '
of money becomes payable under s~ch poiicy w pol~cies uid MORTGAGEE shail have ~he op~~on to receive and apply the same on accoun~ o( the indebted t
ness secure~d hereby Oa to permil said MORTGAGORS !o rKeive and ut! it a any part ther~of ior otnc~ purposes, wi~ho~t therei~{ ~vaivin~ c~ unpai.
~ry any equ~ty, I~e~ a ~ght under a by virtue of this mo:•~a9e; and in tF:: ~•rent sa~d MORiGAGORS shatl iw any reaso~ 1ai1 ~o keep the sa~d prem~us so
in~ured, o~ fail fo deliver promptly any of said pol~cies of insu~~nte Io faid MORTGAGEE, ot fail promptly to pay fuity any p~e~nium therefor o~ in a~y
respect fail to pe~fwm, d~scharge, execute, e}fcct, comp~ete, comply wiih and ab~de by th~s wvenant, or any part hrreof, sa~d MORTGAGEE may piace a:~d
pay fw suth insurance or any part thereof without waiviny ot affeairp any opt~on, lien, eqvity, o? right undtr or by virtue of this Mwtgage, and the i
full amouM of each and eve~y such paymcnt shall be immediately due and payable and shall bcsr interest irom ths date thereof un~il p.~~d at the rate o~
n:ne per centum per annum and to~ethrr uvith such inttrest shati be secured by the lien of tAis morty~ge.
1, To permit, commit or suffer no waste, impairment w deteriwation of said property or any part thereof.
5. io pay all snd singular the costs, charges snd expenses, inciuding a rcasonabfe attwney'~ fee snd cos~i of abst~scts of title, incurred or paid at
r~y teme by sa~d MORTGAGfE, becaux w in the event of ihe failure on the part of the said MORTGAGOR to duly, promptly •nd futly perform, d~scharge.
e¦ecute, effed, complete, con+ply w~th and ab:de by each and every the st~pulat~ons, agreemenn, conditions. and rnvenants of sa~d prom~ssory note a~d ~h~s
„o.rgage any a e~~her, and sa~d cwn, charges and eapenus, cach and every, shatl be immediately due and payabte; whcther p not there be no~tce dc~
mand, attempt to collect o~ suit pend~ng; ~nd the fult amount of each and every such paymem shall bear interest from ~he date thereof until paid at the
rare o+ nine per ce~tum per annurn; and all aaid costs, charges ~nd expenses incurred or paid, toge~her wdh such interest, thall be secured by the lien of th~i
mort~+ge.
6. T}+a~ (e) in the event of any breach of this MortgsQe w default on the part of the MORTGAGOR, or (b) in 1he event any of sa~d s.,ms of money
herein referred to be no! promptly and f~lly paid within th,rty (30) days next after the same severatly become due and payable, without demand w notice,
or (c) in tF~e event cach and eve+y the st~puiations, sgreements, conditans and covcnants of sa~d promiuo~y note and th~s mortgaye any a either are not
i~ly, promp~ly snd fully performed, d~scMrged, executrd, effected, completed: compf~ed with and ab~ded 5y, then in e~ther w+ny such event the said ag
~regate sum mentioned in said promissory nore tlxn ~emaining unpaid, with interost accrued, and all moneys secured hercby, thall become due and pay-
an~e forthwith, w tFxreafter, at the opt~on of sa~d MORTGAGEE, as fully snd completely as if all of the said sums of mo~ey were a~g~~ully st~pulated
?o be pa~d on such day, anything in sa:d p.om~sswy note w in this Mortgage to the contrary notwithstanding; and thereupon w ti~ereaf~er a~ the op~ion of
se:d MORTGAGEE, w~thout no~~ce w demand, suit at faw a in equity, therefwe a therealrer begun, may be prosecuted as if all money secured hereby
r.: d matured pt~ot to ~b irolit~t~on.
7. That in the event that st the beginn~rg of or at a~y time pending •ny suit upon this Mortgage, a to fwetlou it, w to reform it, or to rnforte
payment of any ctaims lureunder, said MORTGAGEE shail apply to the Cour~ having ~u~~sd~ction the~eof ior ~he appo~ntmenr of a Receiver, such Courf shail
fcrrhwirh appoint a receiver of said mortgaged proptrty all and singutar, includ~ng all and singular the income, profirs, issues and revtnves from whatever
s;,,rce de.ived, each and every of wh~ch, it bcing expressly underatood, is hereby mortgaged as if speufically set fath and described in the gra~ting ar.d
hsbendum clauses hereof, and s~:ti Receiver shatl have •II the b.oad and effective funa~ons and powers in anyw~se emrusted by a.Court to a Receiver, and
s,:h appointment shalt be made by such Court as sn admitted cquity and a matter of absotute right to sa7d MORiGAGEE, and w~rhout reference to ~he
ad_quacy o~ inadequacy of the value of rhe p~operty monga9ed or to the w~vency w~nsaver~cy o4 sa~d MORiGAGOR w the defendants, a~d ~hat such
re•,rs, profin, inco.ne, issues and revenues shall be applied by such Receivcr accord~ng to the {ien or equity of said MORTGAGEE and the practica of such
Cuurt.
B. To duly, prompt!y and fully perform, discharge, execufe, effect, mmplete, comply w~th and abide by each ar.d every the stipula~ions, agreements,
;onditans and covcnants in sa~d promissory rtote a~d this mortgage set forth.
9. That in the eveM the ownership of the mwtgaged premises, or any part thereof, becomes vested in ~ perwn other than the MORTGAGOR, the
A'ORTGAGEE, in successors and ass~gns, may, w~rhou~ notice to the MORTGAOR, deat w~th such successa or successor in interest with refere~ce to this
n o•rgsge and the debt hereby setured i~ the same manner as with Mortgago~ without in any way vitiating o? dixhsrging the Mortgago~s' liability here
~rder w upon the debt hereby secu~ed. No sa!e of the Frem~xs hereby mo.tgaged and no forbearance on the part oS the MORTGAGEE w its successors
or assig~s and no extcnsion of the time for the payment of the deb~ hereby secured given by the MORiGAGEE or its successors or suigns, a~~all operate
:o release, d~scharge, modify thange or affect the wiginal fiab~l~ty of the MORTGAGOR herein, either in whole or i~ part. '
i
10. It is spec~fically agreed that time is of the esxnce of this tonuact and that no waiver of any ob~~gation hereunder w of the obligation sr ;
cv~ed hereby shall at any tirrk thereaftr be hetd to be a wa+ver of the terms hereof w of the instrumeet secured herby_
11. In add:t~on to the fwego ng munthly paym~nts of princ pal and imerest required by the prom~swry no!e sec~~ed hereby, mortgagor covenants
a-,d agrees to pay to mortgagee v~ith each monrhfy pay.~xnt an addirional sum esttmated by mwtgagee ro be equal to 1 f 12 of tbe annual cost of the fo~low-
.
A-All real property taxes lev~ed or assessed agai~st the abo~re desc•ibed rea~ estate.
' B-Prem~ums on 6re and windsrorm insurar.ce as here~n req~~red to be carrizd oa ~he :mFrovements situate o~ the above described premises.
' C-Premiums on such mortgage guaranty insurar~ce as mortgagee shal~ from t:me to time deem fit to carry o~ the loan secured hereby.
i Mwtgagee sha!I from time to o~me notify mortgagor in writing of the amount due and payable hereunde? and such sum shall thereupon be due and
E ; ayable on the due date of the next monfh!y payment and each successive momh thereafter urait mortgagee shall notify mortgagor of a change in such
a-:ount. Such sum~ shail be applied by mortgagee toward the payment of reat property taxes, insurance prem:ums, and mortgage guaranty insurance
~ ~.remiums.
t
~ IN WITNESS WHEREOF, tne said MORTGAGOR hss hereunto set his hand and seal the day and year first afweuid.
' d, Se31ed and deli 'n e presence of:
~ /Y 1 l ~f e0
~
; (Seaq
~ pD l . (Sean
~ .
~ - , . JoseA ine Isaac ~a~
~ _
~ SiATE QF fIORIDA
St. Lucie
couNir oF 1
~ S IsS8C
6efore me pe~sonally appearcd ~
~ Jose hine Isaac
p ha wife, to me well known and known to me to be
rhe individuals described in ~nd who executed the fwegoarp instrument, and xknowledged befoie me that they execuud the same fa the pu.poses
~ :
rhere~n expres~ed. Md the sac~ J03@pt1~YI@ Z888C
r
^ ~~a~ , upon a sepsrete and privat~ ;
z' ,~~fe of tM ssid
~ e¦amination by me taken separate and apaA from her sa:d husba~d, ackrawledged to and befwe me that she executed said inatrumeM freely and volun-
rar~ly ind w:thovt •ny compulsion, caatraint, apprehe o fear of w from Ixr said husband.
s 2
:3 WITNESS my hand •nd official xal thi d~y of J~~ A. D. 19 7
:x
= Nctary Public io snd for t Sta of Florid~ at larye
; My Commiuan ~apires: ~ / y~b
~~'r Return To:
~z'' fint Feder~l Savings 3 Loan Association '
Oi Fo~t P~erca FILED AND °ECORDEO " ~ _ ~
Fort P~erce, Florida Sj.~~C{E G~UMTY FU- '~ti'~' .'~J~
~ aOGE~+ rJITRAS Y~~ ~f~ ~ . ;
CLEBic C: :'J~t COURT ~ • ; ~ ~w `
RcCGR~ c. ~EG ~ ~ • 1
This Instrument Pre ared fs J. H. Rober'ts J2'. ~
First Federal Savings b Loen Association ~ ~ Z~ 24 ~ ~ . ; ~
_ of Fort Pierce , Florida , _ _
~ Checked By ~ ` ~ `
~
~-'3
t
° K~99 ~ 298 ~
80D _ ~ i
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