HomeMy WebLinkAbout1807 3. To p~ace and continuously keep on ihe bo~ J~~ 9s now or he«~~frer r+vete on s~~d ~and a~d on atl cq,,~p~.,ent and persunal{y covzr~d by this mor
age, w~th all premiv~ns thereon pa.d ~n ~u'1, fne inso~on;a ~n ~hr .:suai s~e~~.i~ d po cy form, in a s~n aFprowed by the h10R~vA:iiE, a~~d ~n•~~~ds~o
~s~+aote in the usur~ sranda~d pol ty fo~m, in a w:n aFF~rorrd l,y e~r A1.~RIGAGEE, in su:h co:np,~ny or txrpan:es as the A102i'vAGEE m
d~~ett; and al) (ire and w;nds~arm inswance po:~c~as on any oF sa~d tw~ d••~ys, any inferesl therein or pa~t tht~eof, ir. Ihe agg~~•q&ez su~n afo:esaid
in eacess thercwf, sha~t :ontain ~ha us~nl sra~~d~rd mo:~J.g_a c~ause or w:h othe~ cieyse as ihe hlo~tyagre n,ay requ.ro, ma1.i~.g ~he ioss undr~ sa~d po
c rs, each and every, payab'e to sa.d .titORiGAGEE as rta mt_~:st nuy apN~ar, and each and e~ery such po'~c~ ahall be pror.,pfty ass g~icd a~~d dz~~1•rred :
eny held by sa~d htOR(GAGEE aa fur~har sawrlty to sa~J n.o~iy~le d~ut, a;:d, not :ess than ren ~101 d~~s in ad.a~~ce of thr ex~.vat~on ol each po!~cy, io d.
~.~er t0 said MORTGAGEE a~enewal ti~ereof, toge~her v.~th a recr~pt for th..~ prr~n.um ot suth ~ene.rai; a~~d thrre ahail bt ~w f,re or ~r~~duo~m insuranc
p'~ced on any of sa~d b~ild~n~s, any ~nterest there.n or ~:art t~~cicof, un~~ss ~n ~he (orn~~ and w~th ~he loss paya't'e as afo~eu~d; and ~n the event any sun
ot money becomes payable u~drr s~ch polrcy o? pof~c+ei se:d '1luRTGAGEE ,h,~il have ihe opt,en to reo_~.r ~~.~d app!y ine sa~~~e o~ accow~t of ~he indrbted
ness secured hereby or to pe~mit sa~d tAORTGAGORS to rec~•ive and use it o~ an~ c~~rt rh•r.~of ~or orh • pur, ~s_s. ..:~=~~.t th .,.:~o~ ~3 .;r u:,p~:~~
~n~ any equ~ty, lien or right undrr or by virtue ol this mc:'ya9e: and in tht evrnt sa~d A10e2TGAGORS sha!I `.or any ~c.~son faii to Gaep the sa~d prem~ses w
~nw~ed, or fail to de!~ver promptly any of za~d poLc:es of a~s~~a~~ce to sa.d 1~10+2IvAGEf, or f„~! p:omptiy to Nay fu~ly any pr~•n~~:n thetefo~ or in a~y
rrspeu (ail to perfwm, d~scharge, execure, effeu, comp:rra, ca.r~Nly w~~h and ab~de by th;s cov~~un~, or aeiy p~r~ h:reof, sa~d MGRT;,AGEE may placr a~a
p.iy (w such insurance or any par, thrreof w~thout waiv~~~g or a4fecting any op~.on, Iien, equny, or n~ht undrr o~ by v~rtue of ~h~s hlorfgagr, and thc ~
+~!I amount of each and erery such payn,ent shait br i~n :ed~ateiy dve and payau!e and shail brar inter~s~ from tna date thereof until p.,id at rhe rate ot
n. e per canwm per annum ond to~~th.rr NiTFI such in~vr•,s~ si~,,~~ :~e srwred by the Gen of this mo~tgage.
1. To permit, commit or suf(er no waste, impairnxnt w d~•ter~urat~on of iaid prcperty or any pan therrof.
5. To pay all and s~ng~lar ihe costs, cha~grs ard eaper.ses. ~r.:lud~ng a rrasonable atrorney's }ee and costs of abu~acts of t~tle, incurred or paid at
any fin:e by sa~d MORTGAGEE, because or in the event of the faliwa on ~he pa~t of ihe said MORTGAGOR to d~~y. pro:nptly and fully perform, d~scharge.
:.~wte, effeU, canplete, comply w~th and ab.dr by each and cvery ~he si~p~ta~,ons, agreai~~ems, cond~tions, and cove~:anTS of sa~d pram;sory no~e and ~hfs
,,orrqage any or e~~her, and sa:d cosrs, cha~ges and eaper.s~s, each and every, shall be i~nrT:ed~aiely due and payab:e; wherher or not there be not~ce da
n~a~~d, attempt to co~le~t or s~it pe~d:ng; aad the full o+:wun~ of each a~~d e~~ery wch payment sha!I bra~ imerest from the dare thereof until paid at tne
o~ nine }~er crntum p~r ann~i~; ane: afl sa~d ccsts, ci+a:g~•s a•~d cxe:~~nscs ~ncurred or paid, toyethet w~th suth interest, shall be securcd by the Gen of th~s
mortgagl.
6. That (a) in 1ht event of any breach of this hlortgage or dciaut~ on ~hs part of the M.ORTGAGOR, or ;b~ in the eve~t any of sa:d sums of money
h:~rein roferrcd to be not proinptly and f~ily paid x~fii~n th.rty ~,3J! d.+rs n~a~ ~~~.•r the sa~ne 5•~ve~a.:y becorne d~e ar.d pa~ab!e, without demand oi not~ce,
or ;c) in thr evem each and eve~y the stipulat~o~s, a3reeme~~ts, co•~d~r.o~,s and covenanrs of sa d pro;nissciy note and th~s mortgage any or eithe~ are no1
io:y, promptly and fully perfo~med, d scharged, exec~red, effecred, completzd, can,~l:ed w~rh and ab~ded 5y, then in e~ther w any svch event the sa~d ag
_-egate sum menrioned in said promissory ~ore then ren.a~rung ~n;:a~d, wi~h ~nrrrr;t acu~ed, a~~d a:a ~nonrys secu~ed hereby, shall become due and pay-
e forthwirh, or ~hereafter, at the opr~on ot seid h10RTGAGEE, as f~liy a~~ comp;ere;y as if aIl of t},e sa~d sums of r.aney were ongina~ly iGpu:ated
rc be pa.d on such day, anythirtg in sa.d prom~ssory note or ~n rhts hlortgage to ~he comrary no~.v~~hstsnd~~~g; and thereupon or thereafter a~ the op~~on of
MORTGAGEE, w~thout nonce or demand, wit at law o~ in eq~ny, tFk~efore w tAerrairer begun, may be prosec~ted as if ali moneys secured hereby
n_d matured pr~q to As instiWtioo.
7. That i~ the evenf r!~at at the beg~nn~nq ef or at any time pend~ng any s~rt upon ehls Mortgage, or to foreclose it, or to reform it, or to enforce
;;a,me~t of any claims hereunder, said hlOATGAGEE ahalt aop~y ?o :he four~ hav~ng ~ur~sd:tt:on thercof for the apao~nrment of a Rece:ver, such Court shaH
rc~~hwith appolnt a receiver of sa~d morfgaged proprrty all and s:nguia~, irc'ud ng ~~i and si~~guiar ihr ircome, profas, iss~es and revenues from whatever
s: ~•ce derived, each and every of wh;ch, ~t be~ng e¦press!y unders~eod, is tereby mor~g~ged as if spec~!ica:ly set for~h and described in the 9ran~ing and
~,i,endum dauses hereoF, and wch Receiver shah h3ve att tF.e oroad and etfec+we f.,~,cc.o~~s and pov.efs in any~~se emrusted by a Court to a Receiver, and
s_;h appointme~it shali be made by wch Coure as an ad ~itt~~d equi~y a~~d a ma~rer of a:.~soiurc rigM to said AtORTGAGEE, and whhout reference to the
r.~leq~acy or inadeq~acy oi the va'ue of fha property mo~tgaged or to the so.v~•ncy or ~nso vency of sa~d A'tORiGAGOR or the deFendants, and ihat s~ch
profits, iocane, issues and revenues shai~ be appi~rd by such Rece~Yer eccord.ng to the lien or equiry oi sa~d MORiGAGEE and the practice o( such
Court.
8. To du!y, prompt:y and fu!!y perform, dis:ha.ge, execu+e, effect, comp;ete, con:ply w~th and abide by each and every Ihe stipulations, agreemems,
„r~drtions and covenants ;n sa~d prom~ssory note ond th(s n:ortgaye srt fo.th.
9. That in the event the ownership of ihe rnortgag~d prert~iscs, o~ any part thc~eof, becomes vested in a pe:wn other than the MORTGAGOR, the
:'~RTGAGEE, its successors and assigns, may, w~rhout ncnce to tne A10RTGFpR, deai with such successo: or successor in inte~est with reference to this
o~fgage and the deb~ hereby secored in the Samt man~rr as w~~h ta.ortgago. vv~rhout in any way vinating or d.scha~g~ng the Mortgagori IiabiGty herc
der w upen the debt he~eby secured. No sa'e of the Frcn:~sFs h_~eby mo~tgaged acd r.o fwbearance on the part of the ~AORTGAGEE or its wccessors
~r assigns and no extension of the time for the pay~r.ent of the debt hereby sewred givert by the ldORTGAGEE or its successors or assigns, ahall operate
ro release, d~scharge, modify change or affect the orig~nai liau:i~ty of the N.ORTGACsOR here;n, either in whole or in part.
10. It is spec~fically agreed that t~me is of the eszence of this contract and that no waiver of any obl;gat~on hereunder or of the obligation se-
c~red hereby shat~ at any time thereafter be held to be a waiver oF the tenns hereof or of the instr~meM secured herby.
11. In ~dd:t~o~ to the forege n9 month!y F.ayments of p-inc ;.a1 and i~vers~ re~u~red by the prom;sscry nore sec~red hereb~, mortga~or eover~ants ~
i agrees to pay to ~norfgagee v~;rn ea:n n:onth:y pa,~. enf an ac3d s~onal s~~n es~ ered b~ mor~gagee to be ey-ua! ro 1, 12 of ti~e an:wal cost of the folfow-
'
~ A-All real property taxas !ev~e~ or assess_ci og.,b:st th~ above desc•i~,d r_al esrate.
~ B-Pr~•~r.iu~ns on fire and v~i~:ds~or:~s ~nsur~r~e as here~n requ;red to be carricd en tllC .mprOVETr_:1TS s:t~ate on the above d_scrlbed premises.
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~ C-Premiums on svch mortgage guaranty irwra~ ce as mortyagee shal! frc~^ t me to n~nE deem fit to carry on the loan secured heseby.
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~ Mortgagee sha!I f•om tin:e to t~,.;e notif~ n;r.tyago~ ~n wr;ting of the ar;.ou~t d~e and payable hereundrr and such surn shall thereupon be due and
;~vable on the due date ef ~h: next monrh:y payment and each success~ve month tnereah~r ur:t;~ mortgagee shall not~fy mortgagor of a c:~ange in such
y ~~nt. Such sums s~a:l be app!~ed by morrgag~e toward the pa~ment of real property taxes, insurence prem.ums, a~id mortgage g~a~anty insurance
~ nfums.
` IN \YITNE55 'TlHERc"OF, the sa~d MORTGAGOR has hereunto set h[s ha~:d and scal rhe day and year fint afwesa:d.
~ Signe~ Sealed and detive~ed in the pres ce of: ~ • ~
~ ~ ' ~ Sea!)
~ i t y L enter, Sr. ~~a~~
` ~
§ l - y (Seal) ;
e y ean enter ~
g _ (Seap
i ~
~ S".~+TE OF FLORIDA ~ 3
~JUNTY OF St . Luc ie ~
~ _ 1
; Before me personall appeared T1IDOt~1y/ L. Center, $Z. and
? ~etty Jean Center •
~ - his wife, to me well knawn and known to me to be
r~e individuals descrited in and who executed the foregoing instrument, and acknowiedged before me that they executed the same for the purposes
3
rhe~ei~ expressed. And the said Betty Jean Center _
_ r::fz of the said Timothy L. Center, SI• _ , upon a separate and private
'i e•am~nat~on by me taken separate and apart from her said husband, acknowlydged to and before me that she exec~ted said instrument freely and votun-
y ~:•~ly and w~thout any compulsion, canstraint, appreh~ens~~ony,.~ fear of or from her said husband.
~YITNESS my hand and oifiual seal th~s_~1. day of__ d rC ~ A. D. 19~_
~ l ~ , • ,
- W STAT E~F F L O R FDA Ny=a~Y P~b,,~ in a P for ihe ~1e ~~tla M' Lp~qY ~
V H ~~.~~N.rA~~ ~ M Comm~ss:on ex ires: ;
' ~ z - - STI~~fP TAX iG~ ~ r/_ 7.5 . .
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~ o[~r.M e[r[nc ' ' ~ O O = = `f ; J : ~
RB.i~a~~t ~ = F~~=G a~+~ R:.CGi~DEO ~ ' .,r : ~i -
- Si. ~UC'- :vUNTT FLA. ~3,j •3'~ >
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` c• t :i i i.CURT ~t .•.'•~Y"
~i This Instrument Prepared By RiChard K. Kayes a"~ ~
' First Federal Savings 8 Loan Assa~iation ?
of Fort Pierce~ Florida MaR 2G ~ 1,~'ic, ~~C
' Checked 8Y
225825
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