HomeMy WebLinkAbout2360 3. To p~ate and continuo~s~y keep on tne bu~ ci~ngs new or hereaf~er a~tuate en s,:d land and on a~~ eq~~pnent a•.d pe-sona•.!y eo.e•ed b; ~~'~s .*+or
age. w:ih ali prem~umt therPOn pa,d in ful{. i~te ~niuronc2 ~n tt.a c;~a! :=,•'~~•d }~',~y t~rm ~n a c.,n~ aLUtO+td bV iVie h1Vk,:,.=-G::. a.J a.~,datm
~nsurante in the usual sraodard po!.cy ioim, ~n a wr.i a~.pro.ed by ~hr•MURTGAGEE, in wch to~rpi»y' or comtanes as me 4~v~~.~~:%`~
d~~ecr; and all fne ar.d w:ndsw~m inS~~an~s ponc~es on any oi sa~d bu~ d ngs, any interest ~heie~n or pa~t th~•reof, in the ay~~~ga'e s.,:.~ dtGKidid
in excess thereof, sha!1 :omain the uwsl s~a~,d~~d mor~gegee c!ause or s~:h o~hrr c~a.,se as the Mo~tgagee may requ.re, maling ~nr ..ss ~~~drr s~~d po
c~es, each and eve~y, pa~ab'e ~o sa~d AIJRTGAGEE as ~~s ~r.~cr,~st may appear, and each ard every such ~:o :c~ s?,a:~ bP {%•'J~r.ptly ass g~~ra a~ d dc ~.~~r.:d
any held by seid A10RIvAGEE as furrher sec~r~ty to sa~d ~••ottga~e d~•ot. and, no~ iess ~han te~ ;10. d3~s ~n ad..~~~ce cf ~he e¦~ raf,en of e~:h po:~c,r. ~o d.
I~ver to sa+ci A10RiGAGEE a renew•at thereof, together wrth a rece,pt fo~ the p~r~~~ium of wch rene ~a,; a:~d ihere sha~i be ~w t.re c~ ~.;:.,is+~ ~:.s.,r,,•.c
piaced on any of sa~d bui!d~ngs, any interest thcre~n or part the~eoF, ~:,'ess ~n ~he form a~:d v~~!h the 'oss pa;ob`e as a!o~esa:d; and the r.ent a•~y s~~
of money becomei payab'e under s~ch pot~cy w peLaes sa~d MORTGAvEE sh3i1 ha.e ~hr e~.r,on ~o rece~.e ..~~d ap~ .y tne sa~:~e on ac.o~ v of ~h~ ~n,i~c:, d
neas se:ured he-eby or ro perm~t sa~d PAORTGAGORS ~o ~ece~~e and use it or any part rn~~:~~ol 1c. o:~~• • c~~: cs~s _..r ~h t~r
~~g any equ;ty, Gen or r~gh~ under or by v~nue of thls ~ho-~gage; and in the event sad A10e21G~GORS ~hj l'o~ any reason fa~! to krep the :e:J p~c~n;i,•~ so
intured, O~ f~il TO del~ve~ p~omptly any of said pOE~c.es Of i~surance fo sa:d MORTGAGEE, or f,,r pron:p:iy to pay fu ly any p~e therc`ur o~ in a'~y
resped tail to perform, drecharge, exrcute, ei!ect, compie~e, co:rply wi~h and a5~de by th~s cove~.ans, oi any p.+rt h~rcof, s.j~d MG2?G%.G'_E ~~~ati ~,~o<•' a a
pay for such insurance or •ny part ihereof w+~hout waiving or affe:ting any op~~on, {ien, equny, o~ n~ht under o~ b~ v~r~ue of ih:s ~~`•o~r9age, and thc
f~•II amount of eath and e~ery such paymrM shell be ~mmed~ately d~e and payable and sha:l bear interzst from tha dete thcrcof until p.:~d at the rate o1
n.:~e per cenrum per ann~:n anJ To~..-rhrr v~~Th such u~te-est sha~~ ;~e src~r~~d by the Iien of th~s mortgage.
t. To permit, commit or suffer no waste, impairment or deter~oration of sa~d property or any par~ thereof.
5. To pay all and s~ngular the costs, cha~ges and expenses, ~nclud~ng a reasonable at~o.ney's fee and cosrs of ahsrracts of tltle, incuned or Na~d at
any t~me by said MORTGAGEE, because or in the event of the fa:iu~e on the pa~t of the said A1pRiGAGOR to d.,:y, pro:T~p~1y and fu!1y p~rfurm, d~scharge
exec~te, efiea, comp:ete, comply w~th and ab:de by each and every the sf~p~~at:ons, agree~nants, cond~t~ons, and cove~:anfs oi sa+d pron:,sor~ nc~e a::d ~:~~e
n:ortgage any or e~ther, and sa d coars, charges and eapenszs. each and every, shai~ be ;mrned~ate!y due and payabie; whe+her o. noi :h~~re be nur.~e da
mand, atrempt to cotlect or su;t pend~ng; and the full a~T~ount of each a~~d e~ery such paymem shali bea+ ~m~~ras~ from the dare thereof untl pa~d at ti~e
~,r e~ nine per ccn:~m per an~w»; and aii sa~d costs, charges and c:,^.e~~.ses incuned er pa~d, fogetner w.th such miereat, shall be sewred by the I~rn of th~s
mCrtgsge_
6. That (a) in the event of a~y breach of this Vlortgage or default on tFu part of the ~'~ORTGAGOR, or ;b) ~n the event any of sa'd s~~r.s of money
he~e~n referred to be not promp!ly and fuliy paid wiihin th,.ty t30i days ne..t a!t•~~ the same sr.c~a'.;y becoc:e d~e and pateb!e, w~thout demand or not~cz.
er (c) in the event each and every the ntipulations, agreemems, cora,s~o~s and covenants of sa d prom~sso~y noae and th.s mortgage any or eirher are not
~u:y, promptly and futty performed, dscha~ged, e;ecuted, effecred, completed, compl~ed w~fh and a6~ded ~y, then ~n e.~her w any s~ch eve~t ihe sa:d ag-
3+egare sum mennoned in sa~d promissay nofe then remaining unpa~d, w~th intere,t acu~ed, and a~l mcneys se[ur~d hereby, sl~all bccume d~e and pay-
~c e iorthwith, or thereafter, at the opt~on of sa~d M0~2TGAGEE, as fvlly arx! co.r.p:e:e:y es if a~i of ~hr sa~d sums of money were or:q~na,ly st p~:ated
tc be pa~d on such dcy, anything in sa.d pro~r.~ssory note or in th~s Mortgage to tne contrary nothrthsta•,d::~g; and ~hrreupon or therea!ter at the opt,on of
s3:d NORTGAGEE, w,thout not~ce or demand, suit at iaw w in eqwty, therefore or thereaf~er beg.~n, may be presec~~ed as if all moneys secured hereby
n<d matured pnot to ~ts instrtut~on.
7. That in the event rhat at the beg~nn~ng of or at any ~eme pend~ng any su~t upo~ th;s Mo~fgage, o~ te (oreclcse it, or ro reform i?, or to enforce
~atmeN Of any cta:~+s hereunder, sa~d MORTGaGEE sha!I appiy to the Court ha~~ng ~~~r~sd.[t.on ~h,•reof 1or the appo~ntment of a Rece~ver, such Cc.,~t 3hai{
ic•~hwiTh aFpo~nt a rece~ver of sa~~ mortgaged properry a1t and s~ngu:ar, inci;,d.ng a.! ar:d s:~~gu a~ the i:~co~*~e, p~ofas, ~ssues and re~enues irw-~ whatever
s_v-ce dan~ed, ezch and every of wh.ch, n be~ng express:y unde~srcod, n hereby merrgagrd as ~f sreuf~ca~ly set forth and desv~bed m the g~ant~ng ar.d
h,cenoum c'a~ses hereof, ard such Rece~ver shau have aIl the Gr,;ad ard efiecKve f~~ce c~~.s end pev.e•s in any„v~se entrusted by a Co~rt to a Re:~•~~er, a~~d
s,:h appointment shail be r.,ade by svch Court as an adnitted equ~ty and a matter oi abso;uTC r~ght to sa,d h1J2iGAG[E, and wr.hcut referrnce to the
rdequacy or inadequacy of the vaiue of the p~ope:fy mo.rgaged or fo rhe so.vency or :nso:.encr o1 sa:d MOR~GAGOR er rhz drfe~,dants, a~~d rh,t svch
e^+s, profits, inco,ne, issues and rovenues shail be apr,ied try such Rece~ver accordu.g to the Len or eq~ity ot sa!d MORTGAGEE and the prau:ce of such
Court.
8. To d~'y, prompt!y and ful~y pe~~orm, discharge, execute, effFCt, complete, compiy w~~h and abide by each and every the stipu:ations, agrecmems,
:c~d~tions and covenams .n sa~d prom~ssory nofe and th:a r.,orrga~e ser torth.
9. That in the eve~t the ownersh~o of the mortgaged preRUSes, or any part tnrrecf, becomes vested in a person orher than the MORTGAvOR, the
ti•~RTGAGEE, its wctessors and assgns, may, wEthout rouce to ihe ~NORTGAO~. deat we:h st~ch svccessor or successor ~n ;nterest w~th ~eterer:ce to th~s
mo•tgage and the debt he.eby secured in the same manner as wirh f.!ortgagor w~thout in any way vit.atirtg oi d,scharging the Mortgago~i tiabl:~ty here-
..^der o~ upon the debt hereby secwed. No saie of ti~e F+e~ ises hereby rr.ortgaged ar.d no foTbea~ance cn the pan of thz 11lORiGAGEE or its s~aessors
cr ass~g~s and no extenson of the t~rne for the pay~rent of the deb+ h~re~•y sec~red given by the r110RTGAGEE or its suctessors or ass;gns, a;~ail operate
ro re!ease, dscharge, modify change or affect the orig~naf I~a~.l.ty o{ the h',ORTGAGOR herzin, either in wi^.o~e or in part.
10. It is soeuf~cally ag~eed rnat time is of the es:ence of this comract and that no waiver of any ob~~gat~on hereunder or of the ob'~gation se-
~ currd hereby sha;~ at an~ time thereaiter be heid to be a~nai+er of the terms hereof or of the inssrument secu~ed he~by. ~
1 t. In a~d T:c-~ !o +he forego`-g T~or.th'y payT~e~rs of c:c ~a~ and i+vc.cs~ req:;~red by the p+om sscry no~c• scwrzd hereb~, mort~a~or covenams
~~,d agr~es ro ~.ay to mo•tgagee a~:h each n~onrhiy payr :ent an addr~ona! svm es~ ~ ared bf moctg3gee to be equai to 1, 12 of the a~~:~ual cost of the fo~iow-
r j
` A-A~I r~ai ;,roperty tax~s ie:~.d o+ assess_ci agal ~s~ tn~ a:~ove descri~~d rra! es'a!e.
!
~ B-Pr~~- rs on fue and w~^dsrc-~n ~nwr~-ce as ne•e~r, r~,q,..eo to be ca~ne~ c~ ahe !,::oveme~*s s:'vate on th: aoove d_sc•~tcd prem~ses.
C-Pr~mw~~'s o~ such n:at~;ge g~ara.^.:y .^s~~a~.ce 25 me'tc}3^y?e sha~l f•c~r t me to n~n~ deem fit to carry on the loan s^cured hrreb~.
Morrga~ee sha ~ t•om n~nz te t~^~e nct i; r.,crty.,gor :n w~~t,ng of the a•~o., ~t d.,e and payabie hereundrr ar~d socR w~; sh.3i1 there~pen be due and
! ._.;b!e on the d~c da!e of rhe r.e.r mo-,th.; pa~rt:ent and each s~uessfve To•,rh t'r.ereaft:r vr.ti'~ mcrtga3ee shalf not:fy morty;gor of a change in such
~ ount. Svch sums s~a.i be app'~ed b•~ mor!gay~e tov.a-d tee ;:a~rre^t of reai properry taxes, insuraice prem.urns, a~d mortyage g.:aronty inwrance
~ ; "em~um5.
; IN \vITNESS ~:.rHEREOF. the sa~d MORiGAGOR has hereunto set h~s ha~-d and scal rhe day and year first a!oresald.
i
f Signed, Sealed a:d delivered in the presence of: ,
i ~ (Seal)
°r _~3 Q~a~)
~ (Seal)
~ - -(Seaq
~ STATE OF FLORIDA
v ~ 55-
a CvUNTY OF St. Lucie ~
~ Before me personatly aP~~.ed _ Katherine M. ;'hompson, 3 K~C~dFi ~
~ ~to me well known and known to me to be
~ the individuai~ described in and who exec~ted the foregoing instrument, and acknow?edged before me tbatyhe~ executed the same fw the p~rposes
; therein eapressed. ~~~.~..~v
~ rv;fe of the said
~ .
WITNESS my hand and officia~ seal th~s---~ ~th _ day of Februa Q 79 72
~
Nota Public in end for he 5 ate Af fltN~ N.~arge_
~ My Comm~ss~on e:p~res: . S~ : - .
Retum To: ~ Q.g-: ~ ' .
~
`z first Federal Savings ~ loan Associat:on 7~ = -
Of fo~t P erce.
Fort Pierce. Ftor~da . ~ . - ~ '
fIlEO ANQ RECORDED ,
_ ST- ROCER PO TRAS `A
CIEHK GRCUIT COUR r
- This Instrument Prepared By J. f~. Robe2'ts, Jr. P.ECOR!J vERIF1E0
s First Federat Savings & loan Ass~ciation fE~ 10 3? !N7
of Fort Pierce , Florida
~ ` -
Checked By _ - 2,~4139
- 6oox ~gg fl~GE~JJ~