HomeMy WebLinkAbout0152 3. To place and confinuously keep o~ the bu; dmgs now or hereafter ~~tuate on said land and on a!; ~~y:,ip~ntnt and personalty ~evered by this mor
ege, w:th all premwms rhe~eon pa.d ~n fult, f~rr inswa,ue ;n the usuel s~anderd po'~cy form, in a s~m aHprc~ed by the MOR~vAG~E, a~.d vn:~dvo
~nsurance in the uwal s~andard po!.cy torm, in a sum appro,~ed by ihe MpRTGAGEE, in such COmr;J:1Y or car.p~n:es aa ihe .'ORiGAGEE m
d~rtU; and aU fire and w~ndstorm inwronte poi~crcs on dny of s3~d buiid.ngs, any inlerest therein o~ pail lheraof, in lhe a9grryate sum atu~csa~rl
in excess Ihereof, shatl conrain the usuat sra~~darJ mo:rge~ee ciause or such o~he~ c,ause as the hlorega~ee may requ,ra, mak~ng thr ~oss ~nJr. i.,,d po
c~zs, eath and every, pa,~ab!e ro said A1pRTGAGEE aa ~ts mtrr~•at may di~pcar. and each aed e.ery s~ch p;~'~cy s~1at1 be promptly ass g~~rd a~+d de::~cr~-d :
eny held by sa~d l.tORIGAGGE as (urthar setur~ty ~u sa~d n.o:tgage dabt, and, not less than ten (i0) days ii~ adva~xe of ~hz exp~rcnun ot coch pol.ty, to d~
I~.er to said h10RTGAGEE a renrwal theieof, ~ogethar wrth a rrce~pt 1or the pre~n~um of wch renewat; and there shail be ~w i~re or ~~,~+dsw•~n ~nwranc
placed on any of said bui!d:ngs, any intcrest thcre.n or part ttie~eof, un~~-ss in the for~n a«d w~th ~he loss payab!e ~s aforesaid; ar.d ~n ehc e.ent any wn
of money becomes payable undrr such policy or poGc~es said MORTGAGEE s1~3t1 hove ~he opt;on to receive and apµ:y ?ha sa:e~e on occo~:u o1 ~he i~~Jaci~d
ness secured hereby or ro perm~t sa~d MORTGAGORS to rett~ve ar.d use it or any p;rr ~he,eof ior o:~~~ r~.~r; ~scs. .::rn,~.:r rh
~rtg any equify, lien w righ! under or by virtue oi this mcr'gaga; and in the event sa d MOe2TGAGOR$ sha!I `.or any rcason fail to k~ep rhe sa~ll p~c~ni5,3 so
insured, Or fail ip deliver promNtly any Oi said pol~ties Of iniuiance IO Sa~d MORTGAGE[, Ot f~„ proa~ptly 10 pay fuiiy any p-e n~,;m th_r~•ter or in a•~r
respect fail to pertorm, d~scharge, execute, eftecr, co~np~ete, co~~ply w~rh and abide by this toven~» t, or any p,~rt h~~r~af, sa:d MuRi:•:.G:E m~y p.acc a a
pay for such inswence or any part thereof withou~ waiving or aifecting any op+~on, Iien, equ~~y. or n~ht under or b~r v~rtue of tt:~s .1`.orrga~e, and thc
full amo~nt of each and every such paymem sha~l be un~n~diaiely d~e and payable and shall bear intcras~ from tha datc th~rcof ur~r+! p,:~d at the r.,te o1
n~ne per crm~m per annu:n ond to~_•tha~ w~~h such int~:,;st shri~ ~e s~~wred by fhe lien of th~s mortgage.
d. To permit, commit or sufier no waste, i~npairment or deterioration of said paope~ty a any part thereof.
5. To pay all a~d s~r+guiar the cos~s, charges and expenses, ~nciuding a reasonabfe attomey's fee and costs of abstracts oF ti~!e, incurred or pa~d at
~ny time by s~~d ASORiGAG`E, because o~ i~ the eve~~t of the ta:wre on t6r pa~t ot thr said MORTGAGOR ro d~ly, pro:*,ptly and fu:ly pertor~n, d~scfia~ge
execvte, effeU, canptete, comp{y w~th and ab:de by each and every the st~pulat:ons, agrern,enrs, condiGons, and covenants of sa~d p~o:n:,sory note a•:d ih~s
~,orrgage any o~ e~rher, and sa:d cous, charg2s and e:penses, each and every, shat~ ~ immrd~atety due and payable; whe~her or not thare be ~once d_~
r.,and, aftempt to cO:ktt or Suif pendng; and the fu!! a+nount of each and every svtl~ payment shall bra. interes~ {rom the date Iherrof until paid a1 Ihe
o~ nine per canturn ~,,:r ann~:n; and ail s;id costs. ch3:ges and ca~ens:~s ~nc~rred or paid, tdgriher w~th wch iroerrst, shall be securrd by the iien ol th:•
mortgage.
b. That (a) in the event of any breach of this Mo~tgage or default on tl~ parr of rhe A10~TGAGOR, or ;b) in the event any of sa'd su~ns of n,oney
hcreen referred to ~ not pron,Nrly and iutly paid vviih~n th,rty (30; da~s nexf a~~cr the sa~ne severe:ty beco~ne due and paya6fe, w~~houT demand o~ no+~ca,
or (c) in the event each and every the stipulations, aq~eements, co~~d~:ions and [ovenants of sa d promissory note and th~s mortgage any o~ either are nof
j~ly, promptly and fvily perFormed, d,scharg_d, execur<d, effected, compieted, compi~ed w~fh and ab~ded Sy, then in e~ther or any wch event the sa~d ag-
~•egate sum mennoned in said promissory ncte then tema:ning unpa+d, w~th intere;t ac:~~ed, and a:f moo~~s seCwed hereby, shatl bctem2 due and pay-
a~:e forthwith, or thereafter, at the opGon of sa+d MORIGAGFE, as fully a~~d complete!y as it aii of tt,~ sa±d sums of money were o~~gma~iy st~pu,arrd
to be pa:d on such dty, anything in sa.d prom~ssory note or in this Mortgage to the contra~y not.v~rhs~and~ng; and thereupon or therea4t~r dt the opt:on of
sa,d MORTGAGEE, wirhout not~ce or demand, suit at law or in equ~ty, therefore or tAe~eafter begvn, may be prosecuted as if a?1 moneys secured hrreby
r~d matured pnor to ~ts institut~on. .
7. That in the evem that at the begirtning of or at any time pe~d~ng any su~t upon th~s Mortgage, or to forectose it, or to reform i~, or to enforce
,^.ayment of any tia~ms fiereunder, said AtORiGAGEE shail apply to the Ccurt hav~ng jur~sd,ct;on thereof for the appo~ntment of a Recen~r, s~ch Go~rr sha~!
fc;!hwith appo~M a receive~ of said mortgagrd property a11 and sing~(ar, in~ludng all and s~ng~iar the ir.tome, prol~ts, issues ard revenves from wF..,trver
scv~ce drri~ed, each ard every of whlch, ~i bemg Fapress~y unde~ssood, ia hereby mortgaged as if speul~calty set forth and e~escr~bed in ihe grani,~:g and
t~;~~endum c~a~ses hereof, ard wch Receiver shali havz ai! the broad and effec+;ve fvn~~,ons and powers in anyw~se emrusted by a Covrt to a Fec~•~ver, a~ d
s_:h appoinrmenf shalt be made by svch Co.rt as an adm~u~•d equ+ty and a n:a~ter of absoiute r~ght ro sa;d MORTGAGFE, and withcut refere::ce to the
a:±~~quaty o~ ~nadequacy of the vasue of the prope~ty mertgaged or to the so.van~y or ~nsu:~ency of said MORiGAGOR or the defendants, ar:d th~t such
•~•~~s, prol,ts, into~ne, issues and revenues shat{ be app,~ed by such Recewer atcord~ng to the lien or equ~ty of sa~d MORTGAGEE and fhe praa~ce of such
CourL
8. To d~!y, prompt:y and fully perfo~m, d~scharge, exec~re, effect, complete, cornply w~th and abide by each and every the stipufations, agreements,
condn;ona and tovenanrs ;n sa~d prom;ssay nore and ~h;s morrgage srt forrh. ~
9. That in the event the ownersh~p of the mortgaged pren,~ses, or any part thcreof, 6ecomes vested in a pe.wn other than the h10RTGAGOR, the
:'.~RTGAGEE, its successors and ass~gns, rr~ay, v~ithout not~ce to the A102TGAOR, deat wdh such suctesso~ or successor in interes~ with reference to th~s
r o•tgage and the d~b+ 1~rreby secured in rhe same manrer as wah ~tiorrgagor w:thow in any way vir.ating or d~scharging the Mortgagori 6ab~l~ty here-
~nder or upon the debt hereby secu~ed. No saie of the ~rern~ses hereby mortgaged ar.d no forbearance on 1he part of ~he Il.ORiGAGEE or its successors
e~ assign= and no e:tension of the time for the payment of the debt he.eby secured given by the MORTGAGEE or its successors or ass:gns, aaal! o~e~ate
ro reiease, d+scharge, mod;fy change or affeu the orig,nai liau~;~ty of the M.ORiGAGOR ixre~n, e~ther in whole or in part.
10. h is spec~fic~;ty agreed that time is of the essen~e of this contract and that no waiver of any obl~gation hereundrr or of the obligaticn se-
cured hereby shati at any hn,e thereatter be held to be a waivrr of the terms hereof w of t6e instrument s.:cu~ed herby.;
11. In a;idCe~ to the for~ge ng •nonthfy cayn~_nts of princpal and imrrest required by the prom~sscry nc'e securcd her~b?, mo~~3a~•~r cavenants
d agr:-es to nay to ~r:o•tgagee n~rh each month'y pa~:,,ent an add~ricnal s~m est n ared by rno:tyagee to be equai to 1 12 of riie ann~al cosr of the follow-
' A-AI~ rral property taxas !e•:~:,~ or dS5fS5_il ay.+i•,st the above desc~~bcd reaf estate.
I
B- Pran~,~u•:~s on fire ar.d windsto~.n irtsur,t~~e as nerc~n requ:red to be tan;~d on fhe lmprovemeifs s:tuate on fh~• abovc dcst.~brd prem~ses.
C-Pre~niu,~~s on such n:ortg,oe gua~s^.ry ins~.a~ ce as mortgagee st~a:l fre•r. t~r,e W tlme deem fit to tarry on the loan secured hereby.
klo~tgagce sti~;i from tr:,._• to t~:,;e r.cnf~ meny.~~o~ ~n wr~t~~g of rhe a~cou•it d_c ard payable here~ndar and such su~~ shaii tiirreu~;on be dve and
.~;able on the d~e aa!-: of th~ ~~_it month.; payment a~~d e~ch successive -no-:rh rn~reaft_r ur,ri7 mertgagee sha!} no~:fy morrgayo~ ot a change ~n w:h
-r'~,ount. $uch su:ns Sha.i ~e ap}~'.ied by mertgag•.e toward the paymrnt of reat property taxes, insuranCe prem.ums, a~~d morigage g~a.anty ins~rance
~ c~emi~ms.
fN l'/tTP1ES5 `.:'HEREOF, the s~~d 1NORTGAGQR has hereunro ser his ha~-d and seal rhe day ye first aloresa;d. ~
' S~gned, Sealed and delivered in the presence of:
_ !1 rps~t ~~/~2Q?~tle- (Seaf)
z~- nd H. Bloome r
_csea,>
~'arata B. loomer esea?~
, ~Sean
, SiATE OF LORIDA ~
CJUNTY OF Jt. Lucie
~ J
Befwe me personatly appeared - RayR}OLlCj H. BZOOIII@T'
and
_ Alfarata E. BZOOI~Y' his wife, to me well known and known to me to be
the individuafs described in and who executed the foregoing instrument, and atknowledged before me that they exec~ted the same for the purposes
therein ezpressed. And the said_____ ~_°arata B. Bloomer
.ti•fe of the said ~ytftQ[1~ H. BZ'~Ol~2' vpon a separate and p~ivate
^•a~nnat~on by me taken sepaiate and arart }ro~ her said husband, acknowtedged ro and before mt that she executed sa+d instrurnent freely and vaiun-
rar~iy and w~thout any ccmp~lsion, conshaint, apprehenns.o~n,
o-r~ear of w from her said husband.
WITNE55 my hand and offlc;al seaf th~s day of_ ~@bI'U3I'~ A. D. 19 72
f ~
~ tary Public in and for t Stat FWrida.AY ~rp~~_'
d ~IG1y Comm~ssion expires: _
/
Retom So: ~
first Federal $avings 3 Loan Associot:on ' P~
p~ Fc.t P c., _ C• ;
. i -
Fo~r v~,..ce F_~;d~ FIlEO A110 RECOROE6 -
SL LliClf G0011n F~A. ~ " ~ ;'r;
ROGEF ?OtTR~S ~ - - r
CLERl~ Cr,~r,UIT COUqT,I~~ :
RECORD VFF~r3cp ~ ~
This lnstrument Prepared By J. H. :tob~t'Ls~ Jr. ~ ~
First Federal Savings & loan Association IO 48 AN ~11
of Fort Pierce , '~ori~a
. . -
Checked 8y _ - - - - - ~r~i466.9
~ R zoo F~~~ s~z -
8 ~„r
,
_ - ~
e ._..r _ ~ -