HomeMy WebLinkAbout1202 3. To plece snd co~tinuoufly keep on the bu~'d~ngs noyv o~ hercairer s~tuate on sa~d land and on ali equfpment and person~liy cotir~ed by ~h~~ ~w~
age, w:~h a~l prem;vms th:rton pa d~n (ui;, Is~e ins~rance ~n ~he ~i~el s~enda~d po;~cy fo:m, in a sum aHproved by tha MOR~vAGEE, a~~d ~~~~Jeto
~nsurance in ~M usuai uand+rd po.:cy form, in a wm appro~ed by the MORTG~GEE, in such company or compan:es a~ the A'ORTGAGEE
d~rcu; and aN flie and w:ndsrorm ~nw~ance po~+c~es on ~ny of sa~d buiid~~gs, ~ny inrere~l therein or parf thereof, in the aygregaTr ~~n. aforesa~d
in excess thereoi, shall conea~n the us~al standard mortgagae cisuse or such o~her clause as the Mortgages may reqv~r~, maYing the +c» u~~drr s.+~d po
aes, each and eYery, payab'e to sa~d A~ORTGAGEE as ~ts ~~~erest may appe~r, and each and every iuch po~~cy •Aall be p~omptty ais gned a~ d de.~~arrd +
eny hsld by sa~d MORTGAGEE as iw~he~ srcvrity ro se~d mor~page debt, and, not les~ than een (10) days in ad~ance oF ~he e~p~rat~on oi rach po~~cy, to d.
I;ve~ to sa;d MORiGAGEE a renewai thereof, togNhrr w~th a recapt (or the prem~~m oi such renewal; and ~hero shail be no f~re or w:ndsro~m i~~?~ranc
p!aced on sny of sa~d bu~~d~ngs, a~y interesl there~n o.• pan the~eof, un!ess in the form and w:~h the iws payab!e as aforeaa~d; a~d ~n the e.e~~t any s.,~
of money bccomef payab!e undet s~ch polity or pofc;rs sald MORiGAGEE shall have the opt~on to rrcr~ve ond apply tne same o~ acco.,m of Ihe ~~~d~~bt~~d
ness secured he.eby w to pemut sa:d MORTGAGORS to rccrive and uss it a any pa+~ thr~eof iu~ o:n~ r ~ur;•oses, .v:~novt ~h c: .v.:~.~ ~~•~p•~~~
mg any equ~ty, Ilen w right under a by vin~e o1 this mor'gage; and in ~he eve~t sa~d A10R1GAGORS shall Sa any reason fail to keep the sa~d p~vn:s_~s so
Inawed, or fail fo deliver promptly any o1 said poLcies of insurance to ta~d MORTGAGEE, or fa~l promptly to pay fu~ly any pre~nwm thrrrfo~ or m e•~y
reapect fail to pe~form, dacharge. eaecute, effecb conipiete, camply wi~h and ab~de by ~h~s tovenant, o~ any part hz~eoi, said Mi~R7:aAGEE mey p~ace a o
pey fo~ iuch ~nsvrancr or •ny put thereof without waiving or affectinq any oprion, I~en, equ~ty, or ngM under or by v~~tue of fhis Mortgage, and thc
1~!I amoum of eacA and e~ery such paymeM shall be immed~ately due and payable and ahatl bear interest from the date thereoE uneil pa~d at ~he rate of
~~~~,e per crnwm per annw~ a:~d ~o~e~ner vvUh such inreresr shai: be sec~rrd by the lien of th+s mortgage.
1. To ptrmit, commi~ or sufte? no waste, impairment or detcr~orat~on of sa~d pro~e~ty or any part thereof.
5. To pay •II and singutar the cosis, charges and e:penses, irxludmg a reasonable attorney's fee a~d conrs of abst.acrs o( title, incur.ed o. pa~d at
~ny t~me by sa~d MORTGAG'_E, because or in the event oi ~he fa,Iure on the pari of ~he sa~d MORTGAGOR to duly, pron,ptly and fufly perf~~n, d~ach3rge
:=ecute, e}iec~, comptere, co-np:y w~th a~d ab:de by eech and every the st~pu~a~,ons, agreements, tond~t~ons, and covenants of sa~d p~o~~~,sso~y note a~~d i~.~s
-~orrgage any w e~iher, and sa:d c~srs, chargd and exprnses, each and every, ahatl be immed~ately due and payab:r, whr~her or not ~here be nance d~
mand, attempt to coCect w wit pend~ng; aod the full amount of each and every svch paymem shall bea~ interest hom ~he date thereof unrit pa;d at nc~
-~e oi nine per can~vm per an~,u^r end all said costs, charges and eK:xnses ~ncuned w paid, fogether w~th s~ch ~nterest, shall be sec~red by ~he I~rn of th~s
mort~age.
6. That (a) in the eveM of any breach of lhis Mortgage or default on the part of the MORTGAGOR, or (b) in the event any oi sa.d wma of mo~ey
hrrein referred to be not pro~npriy and futly paid wi~h~n ~ti.:ry e3~) dars next afier the same severa'ty oecome due and payabte, w+~hout de~~e:~d or na~ce.
or !c) in the event each artd every the stipulations, agreements, co~d~:~ons and covenants of sa.d promlasory note and th~s mortgage any or e~ther are not
i~;y, prompt[y a~d fuuy pcrfermed, d:scharged, e:ecuted, elfected. completed, compGed w~th •nd ab~ded 5y, then 7n e~ther w any such event the sa~d ag-
3~eqate sum mentwned ~n sa~d prom~sswy note then remaining unpa~d, with inirrest accrued, and aU moneVS secured hereby, shall become d~e and pay
eo e forthw~th, o~ thereafte~,• at the op!~on of sa~d MORTGAGEE, as fully and complNe~y as ii all of the sa~d s~ms of money were o~~g~na;ly st.p~:ated
ro be pa:d on such day, ar.y~h~ng in ia.d p.o~msswy note or in this Mo~tgage to the conr~ary not+virhs~a~du.g; and thereupon or tt~~eafter a~ the op~~on of
d MORTGAGEE, witho~t no~~ce or demand, su~t at law or in equay, therefore w thereafter begun, may be proucuted as if all moneys sewred hereby
r,:d mat~red pnor ro~ts instrtut~on.
7_ That in the evcnt that at the beginn~ng of w at any t~me pending any suit upon ~his Mortyage, o~ to fweclose it, or to reform i~, or to enforce
paymeM of any daims he~eunder, sa+d MORTGAGFE shall appfy to the Cou~t hav~ng ~unsd,ction thereof for the appantmeM ~f a Receive?, such Covrt sha~l
fc.rthw~th appoint a rece~ver of sa~d mortgaged property ali and singular, indud,ng a11 a~d s~ng~lar the income, profas, issues and reveoues Irom v.hjtever
sou~ce derived. each and evcry of wh,ch, it be~ng expressly undersrood, n hereby mor~gagzd es if spec;ficalty xt forth and described in the g~arLng and
hebendum clauses hereof, and such Recave~ shail have all fhe b.uad and effecr~ve funU ena and powcrs in anyw~se emrusted by a Cou~t to a Receiver, and
s. ;h appo+ntment shali be made by svch Court as an ad~n~tted eqv~ty and a matter of absofute ~~ght to said MORTGAGEE, ~nd w+th~ut relerence to the
e~equacy or inadequacy of the vatue of ~he property mortgaged or to the so.vency or ~neoivency o( sa~d MORiGAGOR w the defendams, a~J tha? such ~
~e~n, profits, incane, issves and re~enues xhall be app~ied by such Rccr~ver accord~ng to the lien or equity of ia~d MORTGAGEE and the proctice of such
Court.
8. To dv!y, prompt;y and fully perfo~m, d~scharge, execute, effect, complete, comply with and abide by eath and every the stiputatio~s, agreements,
,ondrtrons ~nd covenann m sa~d prom~ssory nore and th~s mengage se~ forih.
9. That in the event the ownersh~p of the mortgaged premius, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
ti' JRTGAGEE, its succeuon and ass~qns, may, w~Thout nof~ce to the MORiGtiOR, deai w~th such wccessor o~ svtcessor in interest w~th refere~ce to thls
~ o•rgage and the debt he•eby secured in the same manner as w~th 1Aorrgagor w~thout in any way vit~ating w d~schargi~g the /1lortgago~i Iiability herr
:^der or upon the debt hercoy secured. No sa!e of the F~emnes he~eby mort9aged ar.d ~o forbearance on ~he part of the /AORiGAG:E or its successon
o~ asvgns and no exte~s~on of the t~me fo. the payme~t of ~he debt hereby sxured g~ven by the MORiGAGEE or its wccesso~s or ass~gns, snall operate
ro re!ease, d~scharge, modify change or affect the orig~nal 3iab:t~ty of the A10RTGAGOR herein, either in whole or in part.
10_ It is spec~ficatly ag.eed that t~me is of the essence of th~s ca~tract and that no waiver of any obl~gat~on hereunder w of the obligation sr
~ cu~ed hereby shali at any time ehereafrer be he!d to be a warver c1 the terms hereof or of the instr~mem secured herby.
E 11. In add tio~ to th~ forego ng month:y payments of prir.c pal and inrerest ~equ~~ed by the prom swry no!e secured he;eby, mortgagor covenants
E ~ agrees to pay ro r*:o•Tgagee wnh each rronth`•y payr..erN an add~~~onal sum esf a~ed b~ morrgagee to be equai ro 1; 12 of the annual cosr of the fo~iow-
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~ A-All real property taxes lev~ed o~ assessed aga~•~st thc above desc.~b<_d reai estate.
~ B- Pr~m~~,~mi on t~re and w~ndsto•m ~nsura~.ce as here~n requ.red to be ca•r~ed on the ;mrroveme~~s s~tuate on the above d=nc.~bed premises.
~ C-Premiums on such mortgage guaranty ir.s~ra..ce as mo~tgagee shall fro~r t me to time deem fit to carry on the loan secured hereby.
~ Mortgagee sha!! frcm t~me !o t~r.,e no~+f; mcrtgagor ~n wr~hng of the ainou~t due and payable hereundrr and such s~m shall thereupon be due and
~ ;'r=ble on tha due date or rhe neYr n~o~th ! paymem and each wccessive month thereafter ur.til mc~tgagee shall notify mortgagor o1 a change in svch
2 ~ o~nr. Such svms sha:i be app~~ed by mor:gagee fowar~+ the payment of real p~operry ta,ees, insurance prem.ums, and mo~tgage gua~anty inwrence
.~•e~r.iums.
~ IN YitTNESS VIHEREOf, the sa~d MORTGAGOR has hereunto xt his hand and scal rhe day and year tirst af es~id.
~ Sig~ed, Seated and delivered ' the presence of:
x
~
~ A r . Davis, a wi ow ~~ai~
~
~ (Sea1)
3
~ (Seal)
~ S;:.TE OF FLORIOA ~
~ CJUNTY OF St. Lucie '
eefore me penonally appeared Audley M. Davis, 8 1r~dOMt
~
~ i~is 7uift, to me well known and known to me to bs
~i '~~e individuat described in and wno executed the foregoinp instrument, and acknow{edged before me that sfie executed the same }w iM pwposes
~ the~ein eapressed. Aw~ti~ss~~ .
:F wKeorAU•sand-__ -.~rp«rr~e~.~hr+wb~+~~
~ Cd~lOiliO~ by. tiLBw i~i/~t~ J~.~ifL{iORL b9L iai~IYN~i~ ~Gl~f~iw~~~1~r~ iw~/hM ~I~e~luR's1ef~~f~ij~MMUw1'wl'f1'pe~ir~!~I~IwT
;;y ldwly~ir~ w~iFMtlf~M~~p^?~I~Wr?.~Crwsl?aw~?,~pp~lhlrf! ~ ~flsr~Of ~~fdr1T~1lT fsil~'f10 T - . ? ~ ;
WITNESS my hand and offEcial seal this__. dsy of " ~ ' A. D: ]9~~ ~
x
:y
Not y Public in snd i the 1Me' F¢nid~ (trls ~
My Commission eapir s: - • . , ~
:s~ QttUIII 10: ~ ~ ~ i~ / ~~~,f.~ ~ ~ -
v~ First Feda~l Savi~g• 6 loan Association ~ ~ . ~
O~ Fcrt P.rrce y1~'"--
Fort Pierte, F!orida
` FILED ~hr~ ~sEC0RDE0
~ SL ~UCii ~OUMTY FLA.
ROC:' F41;RAS
CLERS : ' :~1; ~OURT
This Instrument Prepared By J. H. ROberts~ JIC. RfCCP' ~ i_~~~
~ First F~deral Savings 8 Loan Association
of Fort Pierce ~ FloZicia 1 E8 ~ ~ 1 j3 1ill ~7Z
~ Checked BY i~°~- - 223~01
B~oK1y9 r~c~1201 ~
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