HomeMy WebLinkAbout0757 To place and conrinuously kcep on the bu~'d~~gs oow o~ hereaiter ~~tuate on sa~d land and on ati equipment a~~d persona~ly covered by ihis mor
ege, w[th aG prem~~ms ?hercon pa:d m full, fi~e ins~rance ~n ihe usuat ua~.dard po;~cy form, in s sum appiovrd b~ thr MOR~~~GEE, a~~d w~ndiro
~nsurance in the usual ftandard pol:cy to+m, in a sum approved by the MORiGAGEE, in fuch company or compan~ts as the A`ORiGAGEE m
dnecr, and aIl tire and w~~dstorm inwronce poGc~rs o~ any of sa~d build~ngs, any inteiest therein or pan thrreof, in ~he agarega+e su:~+ ato~eaa~d
in ~xcess thereof, shall too~ain the usual atandard mortgagee dause or such othm clause as Ihe Mortgagee may requ~re, maAing thr ioss unJer s.~~d po
uei, each and every, payab!e to ssid ~~~RTGAGEE as ~ta inrarest may appear, and each and eve~y such poi~cy ~~all be prompNy ass g~~ed a~~d dr:~vared ~
eny held by sa~d h10RTGAGtE as (urrher security to said mortgaye debt, and, not leu than ten t~0) days in ad~ance o! ~he ea;~uat~on of each pol,cy, to d.
liver to said MORTGAGEE a renewal ~hercof, ~ogeiher w~th a rece~pt fo~ the premium of such renewal; and ihere shall be no f~re or winduo~m insuranc
placed on ~ny of sa~d buitd.~9s, any intrreit there~n or part thtreof, unless in the form and wi~h the ~oss payable as aforesa~d; and in ~he event any wn
of mpney becomes payable undtr •uch policy or pol~cies said MORTGAGEE shall have ~he opt~on to recr+ve and app~y the same o~ aaount of the indebtrd
nesa secured hereby o? to permit said MORTGAGOR$ to reteive and use i1 p any part thercol fcr acn~v p~r;~cses, .•.~~i,o~•t ~hr. ur .v.:~.~ ~7
ing any equ~ty, Gen or right u~de~ w by virwe of this mocegage; and in the event sa'.d MORTGAGORS shall fw any reason fa~l to keep ~he sa~d prem~scs so
~~sured, or lail to delive~ promptly any ol said poGues oi ~nw~ance to ta~d MORTGAGEE, or fait promptly to pay fu~ly any pre~n~~m therefor or in any
respect fail to perform, d~scharge, execu~a eflect, completa. cornply wirh and abide by this torenant, or any part hereof, sa~d MuRTv~GEE may p~ace a~d
pey fw such insurance or any part thereof w~thout waiving or affecling any opnon, lien, equ~ty, or r~ghr under w by virtue oF th;s Mortgage, and the
f~ll amoum of each and every such paymem shall be immediately due and payable and shall brar intcrest from the date thereof uni11 pwd at the ra~e of
nme per cenrum per annwn and to~ethe~ w~th wch interest sha~i be srcured by tfie Gen of Ihis mortgage.
To permit, tommit w sufiN no waste, impaitment or deterioration of sa~d property w any part thereof.
5. To pay all and singular tht costs, charges and expe~ses, includ+nQ a reaso~abie attorneY's fee and costf of abstracts of tit!e, incurred or paid a~
any time by said MORTGAGfE, because w in the event of the Fa:lure on Ihe part of the said MORTGAGOR to duly, prompt~y and fu11y perform, dacharge
=xecute, efiect, complete, comply wnh and ab:de by each and every the sGp~la~~ons, agreements, conditions, and covenants oi sa~d prom~ssory note and th~s
n:ortgage any or either, and sa~d costs, charges and exprnses, each and every, shall be immediately due and payable; whe~her or not +he~e !~e nonce da
mand, attempt ro co:lect or suit pend~ng; and the full amouM of each and every such paymem ahall bea~ interest from the date !hereof until paid at the
r; te o+ nlne pe~ centwn per annurn; and all sa~d cosrs, cha.ges and ecae~~ses incu~red or pa~d, together wuh such ir.terest, shall be setured by the liao of th~s
mortgage.
6. That (a) in the event of any 6reach of this Mortgage or default on tM part of the MORTGAGOR, or ;b) in the event any of sa:d aums of money
herein referred to be not pranptly and fully paid w~~hin th~rty i30) days nexf a4re~ the same severa'iy bec~~e due and payable, witho~t demand o~ nohce,
or (c) in the eve~t each and every the stipulations, a9reements, cond~tions a~d cove~ants of sa.d p~omissory note and th~s mo~tgagc any w eithe~ are no~
iuly, prompNy and fuily performed, d~scharged, exec~ted, effected. completed, complied with and ab~ded 5y, then in e~ther or any auch evem the sa~d ag
gregate sum mentiened in sa~d prom~ssory oote then rema~ning unpa~d, wnh inrereat acuued, and a+l moneys se;ured hereby, shall become due and pay-
ab!e forihwith, or thereafrer, at the option oi said A10RiGAGEE, as fuily and comple~ety as ii atl of the said s~ms of money were or~ginatly st~pu;ated
to be pa;d on such day, anything in sa:d prom~ssory note or in this Mwtgage ~o the convary not,~v~~hstand~ng; and thereupon or thereafter at the op~~on of
sa;d MORTGAGEE, without nonce or demand, suit at law w in equity, therefwe or thereafter begun, may be prosecuted as if atl moneys secured hereby
nad ma~ured pnor lo ds ~nstitution.
7. That in ~he event ~hat af the beginn~ng oi or at any tfine pend~ng any su~t upo7, th~~ MoNgat~e, a•to foredost it, w to reform ir, or to enforce
payment of any claims ~ereunder, said MORTGAGEE shall apply to the Cour~ having ~unsd~ctioo the~eof ,for the~+ppoim~e~t of a Receiver, soch Cour~ s~ail
fcrrhwith appo~nt s receiver of said mwtgaged property ail and singutar, includ:ng a71 and sinqdla? the income, prQ~its, issues and reven~es from whate~e~
s~~rce derived, each a~d every of wn:ch, ~t bemg express!y unders+ood, is hereby morgagedss if speclMkaNy s~t fo~t/i~andZlesuiDed in the grannng and
F.~cendum clauses hereof, and such Receiver shall have alt ihe br~ad and effecnve fut1c~ons ar~d powers in anywie.ll+MUS1ed by d Court to a Receiver, and
s_:h appointment shalt be made by such Court as an ad~nitted eq~~ty and a maeter of absolute r~ght to said MORTGAGEE, and w~~hout re(erence to the
edequacy w inadequacy of the val~e of the property mo+tgaged or to the so:vency or ~nsowency of sa~d MORTGAGOR or the defrndants, and that such
~e~n, profits, incane, issues and revenues shail be appiied by such Recr~ver accordu~g to the Gen or equity of sa~d MORTGAGEE and the practice of such
Court.
8. To duly, promptly and fully perfo.m, discharge, execute, effect, complete, comply w~th and abide by each and every ehe stipu(ations, ag~eements,
conditions and covenants in u~d promissory note and th~s mortgage set fo~th.
9. That in the event the ownersh~p of the mortgaged premises, or any part the.eof, becomes vested in a person other than the MORTGAGOR, the
h'.ORTGAGEE, its successors and ass~gns, may, wi~hout notice to the A10RTGAOR, deal w~~h such successor or successor in inteies~ wi+h relerence to this
rt,o~~gage and the debt hereby secured in the same manner as w~th Mortgagor witho~t in any way vitlating or d~scharg~ng the /dortgagors' liab~~ity herr
~,der or upon the debt hereby secured. No sa!e of the premises hereby mortgaged and no forbearance on the part of the fJ10RiGAGEE or its successors
or a:s~gns and no eue~sion of the time ior the paymem of the debt hereby secured given by the MORTGAGEE or its successors or ass:gns, si~a11 operate
ro ~elease, d~scharge, modify ~hange or affect the orig~nal liab~t~ty of the MORTGAGOR here~n, eHher in whole or in pa~t.
10. It is specifically agreed that time is of the esse~ce of this contract and that no waiver of any obl~gat~on hereunder or of the obligation se-
cured hereby shali at any time thereaf~er be he:d to be a wa~ver of the terms nereof or of the instrument secu+ed herby.
11. In add;t~o? to +he forego'n~ monrh!y p~ym~nfs of prir.c pal and inre~es! req~~red by ttie prom~ssory no~e secured hereby, meriga~or covenants
! +~d a rres to to mort a ee .ti~sh each mon~h~ a~ ero an add~~~o~zal svm est:,:ated b mort j ee to be e ual to 1 12 of the an~iual cost of the follow-
F 9 PdY 99 YFY•~ / 99 a
~ A-All real property taxrs lev~ed or assessed agai•~st the above descr~bed real estate. '
8-Prem~ums on fi!e and v~~ndsronn msurance as here~n requ:red to be ca~ried en the improveme~ts s~tuate on the above desuibed premises.
; C-P~em~~ms on svch mortgage auaranry ir.surar.ce as morrgagee :hall from. t.me to s~r~e deerr. fit to cazry on the loan secured hereby.
e Mortgagee shail f.om nme to t~me notiiy mc+tgago. ~n wr~t~ng of the a~nou~t d~e and payabfe hereundrr and such su~n shall the~eupon be due a^.d
; ~yable on the due date of ~ne rt~xt ~nonthiy payment and each successive month thereaft~r urttil mortgagee shall not~fy mortgagor of a change in such
~ o~nt_ Such wms s~a:l be app'ied by mongagee toward the payment of real property taxes, insurante prem:ums, and mortgage g~aranty insurance
- r•emiums.
~ IN WITNESS YlHEREOF, the sa~d MORTGAGOR has hereunto set his hard and seal the day and year first aforesaid.
~ ' ned, Sealed and d'" r i the p?esence ofc
~ ~ .
(Seah
_ ~ (Seaq
~ - ~ (Sesl)
ti (Seal)
t,
~
~ SiATE OF FIORIDA 1 ;
~ :OUNTY OF St. Lucie ~ ~ T
~ Rrederick L. Carpenter a~d }
~ Before me personally appeared ~
~ Anita M. Carpenter his wife, to me +ivell known and known to me to be ~
~ thz individvsls described in and who executed the foregoing instrumtnt, and acknowledged befwe me that they executed the same fot the purposes
rhe~e~n ezpressed. And the :a~d :'~nita ~1. Carpenter ~
~N Frederick L C~r enter ~ i`~e s~ p,~,,,.
+~+~e of rhe said • ' p
e=am~nation b me taken se arate and a art from her said husband, acknowl
y p p edged to and before me that stx executed said ie~try~hen?'fteely and ~pltu~-
ra~~l~ and wAhout any computsan, constraint, appre fn3wn, r fear of or from her said husband. :
'~5 WITNESS my hand a~d offic;a! seal this_ day of J~~r A. D.-19~~.
_ -~-1 - • ~ _ -
~ otary Public ' •nd for 1 tab ~ida it
- L/ y Commission e:pirer /d - T'~,~ ''i~~ `
Retum To: , - ; ~ . . _ . , .
/ ; . c•'
first Federal Savings 3 loan AssociaTio~ f'
Of furt V.erce. ' ,
Fort P~erce. F!or~da f~LEp t+y" ~~EG~ROEO
ST.LU~;~ ~GJxRAS`~
RO:, ^ • .
ct~Rr ;;.u~T couaT ~
_ aFrp~~ JEf'~~f.a~
This Instrument Prepared By Wm. B. Braun ~ ~
First Federal Savings 8~ Loan Association ~ 3~ ~~9
of Fort Pierce , Florida
= Checked By _ 2~3~Q 3
~e~r FACE 75S
F . . _ . . " . _ . _ - .
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9.L"~./t . _ ' , . - _ . ~r_ . +