HomeMy WebLinkAbout2417 3. To place and continuous~y keep on the b~~ d~~~gs noar o~ here~ftrr s~tuete on so~d ~and and on a~; ~q..~pment and peroo~aliy covrred by thia mo~
ege, w~th atl p~em~ums thrreon pa:d in f~il, fue ~~~s~ra:uc• m rna ~swi si~~~J~.d pu'~cy lorm, in a su~n aH,~ro+rd by the htuR~i,%.GEE, and w~:~dsro
~nwrante in the uwal i~andard pot.cy fw~n, in a a~m aF.~~ro.ed 4y thr h1ilkFGAGiE, in such compa~~y or tompan,es as the ::0~2TGAGEE ~n
d~red; and all fi~e and w~ndstorm inw~ance po'~c~rs on any o1 s~~d bui!d:ngs, any inte~rs~ thcrcin or part thereof, in the aggreg;~e w~~ afo~ese~J
in excess Ihereof, shall contain the uwa~ s!a~~dard mo~~y.+~re aause or such o~he~ c~ause as ~he Abrtga~ee may requ:re, mal.~ng ?he ~oss undrr s~~d po
c~es, eath and tve~y, pay~b:e to sa~d A10ftTGAGEE as ~ts int~•r.st may appeat, and eath ar.d every ivch po'~c~ shall he promptlY au gnrd and de~~vatrd ~ ~
any held by satd MORIGAGEE as (urrhar secu~~fy ~o sa~d ~~,ortgn~e debt, and, nor !ess ihan trn l10) da~a ~d:.,~~ce of ~he exp~re~~on of each pol~cy, to d~
Gver io said A10RTGAGEE a renewel therrof, toge~har w~th a r~cr~pt for ~he ~re:e+:um of such renewa~; and fhere shaii be no f.re or wi~~dzronn insuranc
placed on any of said bui!d~ngs, any interest tnueln or part ihrcvof, un!rss ~n ine form and w~ih the ~ou payab!e as a{oresa~d; and in the e.ent any sun `
of money becomes payable under such polity or poGcies saed MORTGAvEE sh.~ll have thr opt~on to rec::~Ye a~~d app!y tt7e same on accoun~ of the indrbt..~d
ness secu~ed hrreoy or to perm~t ia:d 1AORTGAGORS to r.•u~ivc and vse i? w any pa~t t?,e:cof 1or o:n••r pu~:,oscs. -~:t th>•..~~ ~7 ~+np~~~
~ng any equ~ty, lien w riqht under or by virtue of this n!O:'g~gc; and in the event sa~d MO+~TGAGORS sh.jll ~or any reason fail to k.ep ihe sa~d prem~ses so
~nsuted, or fail ro deliver pranptly any of sa~d pc~•c~rs of ~nsurante to sa:d MURiGAGEE, or fa~i pro:nptly to pay i~;ly any pre n~um therefot o~ in a~y
respea fail to pe~form, dncharge, eaecure, effect, complrte, co~t,ply wi~A ar.d abide by thls covenant, or any p~r~ h~~reo(, said MliRt;~AGEE may place a:•o
pay for such insurance or any part thereof without waiving or aHc.ting any opnon, lien, equ~ty, or ngh~ u~~de~ or by virtue of thls hlortgage, and thc
i~(I amount uf each and e~ery suc~ paymeM shaU be ~~nmed~ately due and pjyable and shait brar inter~at from tha dote thereof until p~id at the rate ol ~
n~ne per cenwm per annurn and roye~h~~~ vv~fh wch interes~ slu~i Gr secured by the lien of th~s mortgage. {
To permit, commit w sufEer no waste, impaitment or deter;orat~on of sa~d property or any part thereof.
5. To pay all and siryular the costs, charges and eapens:s, ~ndud~ng a reasonable a~torney's iee and costs of abstracts o4 title, incurred or paid at +
any time by w~d MORTGAGEE, because w in the event of the fa~fure on ~hr cart of ~he said MORTGAGOR to duly, p~omptly and fully perform, d~schargZ.
,xecute, effect, canplete, comply wuh a~d ab.de by each and every the stipu!at~u~s, agrrtments, cond~tions, and covenants of sa~d promissory note a~tid ~his _
n;ortgage any or e~ther, and sa:d costs, charges and expenses, each and every, 3lld'II bC immediately due and payable; whe~her or not there be not~ce dr
mand, anempt to coilect ot suit pznd~ng; and the fu~l a~nount of each and every such paymem shai: bea. int~ras~ from the date thereof until paid at the
re of nine per crntum p..~r annu~n; and all sald cosn, ci~argrs a:~d rx::ecses ~ntvrred or paid, together wah such interest, shall be setured by the lien of this
mortgage.
6. That (a) in the event of any b~each of th~s Mortgage or defautt on the parl of the MORTGAGOR, or (b) in the eve~t any of sa;d sums of mor+ey
herein referred to be not promptly and fully pa~d w~t}~~n th::ry t30i clays neat ai~er the s~~ne seve•a'.:y become due and payable, without demand or notice,
or (c) in thr event each and every the stipu(ations, agreemznts, cond~r~ons ar.d covenanis of sa.d promissory note and th~s mo~tgage any o~ either are not
iu;y, promptly and futly performed, d:scharged, e,cecured, elfected. completed, compi:ed with and ab~ded Sy, then in e~ther or any wch event the said ag
~~egate sum mentioned in sa~d prom~ssory nore than remaini~ig ~npe~d, ~v~ih int.:rrst accrued, aRd ait moneys secured hereby, shafl becume due and pay-
ab'e forthwith, or therea'.tcr, at the oprion of sa~d MORiGACa'cE, as (ully a~~ comple~ely as if all of the said sums oi money were wig~nally st~pulated
to be pa~d on Such dcy, anythi~:g in sa d pro:n;ssory note or in this hlortgay~r to the co+~trary notr.ithstand~ng; and lhereupon or thereaher a1 the opt~on of
sj!~ MORTGAGEE, wrthout nonce or demand, suit at law or m equay, therefo~e or thereafter begun, may be prosecuted as if all moneys secured hereby
r,~d maturtd pnot to its instituhon.
7. That in the event !hat at the beginn~ng ot or at any time pend~ng any su~t upon this Mortgage, w to foreclose it, or fo reform it, or fo enforce
cayment oi any c!aims he~eunder, sa~d h10RTGAGEE shai! app!y to the Cour~ ha~~~~g ~~r~sd.ct~on thareof }or the appo~roment of a Rece~ver, such Court shall
f,,;rhriith appoiN a rece~ver of sz~d mortgaged property alt and si~~g~~ar, inc~vd ng atl a~~d s~ngu~ar ~he income, prolits, issues a~d revenues from wfiateve~
s:u•ce derived, each and every of ~vhch, it be~ng express!y undristood, is her_by mortgaged as ~f spec~ficaity set forth and deuribed in the graming and
h.~bendum dauses hereof, and s~ch Receiver shall have ail ~he b:oad and r4fccnve funu.cns a~d pov.ers in a~yw~se entrusted by a Court to a Receiver, and
s,ch appointme~zt shall be made by such Covrt as an ad:+~ittrd rqu~ty and a n-ats_r of a!.seiute r:ght to said MORTGAGEE, and wi~houf reference to the
a::eq~acy or inadequacy of the vai~e oi the property mo~ryaged or to rl,r so.venr; o~ mso:~•_ncy o4 sa~d MORiGAGOR or the defendants, and that such
r.~~,fs, profits, inco:ne, issues and revrnues shall be app~ied by svch Rec~•ive~ ao_orci.~~g to the lien or equity of said MORiGAGEE and the pratfice of such
Court.
8. To du~/, prcmpt'y and fut~y pevform, discharge, exec~te, effect, compl~~te, co~npty v~~th and ab:de by each and every the siipulations, agreements,
;onditions and covenants in sa~d promissory nere and ~his rrorrgage sa~ forrn.
9. That in the event the ownersh~p of tFe mortgaged pren,;ses, or any part thcreof, becomes vested in a person other than the MORTGAGOR, the
.'~RTGAGEE, its successors and asvgns, may, wi:hout nc!~ce to rhe ~'.ORiG<.OR, deai wrth sv:h successor or successo~ in imerest with reference to this
r.~o•tgage and the debt hereby secu.ed in rhe same manner as w~ih Ltortgagor w~Thout in any way vitating or d~scharging the Mortgagori liability hero-
:,^drr or upon the debt hereby sewrecl. No sa~e of the Fremises h_reby murtgaged a^d no forbearance on the part of the MORTGAGEE or its successon ~
er assigns and no extension of the time io~ the payment of the debt hereby sec~red given by the MORiGAGEE or its successors or assigM, a~iall operate ~
rc retease, d~scharge, modify change or affect the origma! Gab„ny of ~ne N.ORTGAGOR herein, either in whoie or in Rart. ~
~ 10. It is spe6ficaliy agreed that time is of the esser.ce of this contract and that no waiver of any ob~igat~on hereunder or of the obligatian se-
~ cured hereby shat~ at any time ~hereaher be held to be a wa~ver of tha terms hereof o~ oi the instrument secured herby.
~ 11. In add~tio ~ to the fwe o n month. oa n,_nts of ri:,c • al and i„re.est re u~red b rhe rom;sscr r.ore secured her<b mort a or eovendnts i
; . 9 9 'v v P ~ a r P r Y. 9 9
j , d agrees !o aay to mo~rg;gee v.~~h each monrh~y payr.~ent an ad~~t~onal wm ~~sc:~ ared by mo.tgagee to be egual to 1, 12 of thr annual cost of the follow-
i `
f A-AII real property taaas ~ev~_d or assess_~ci agai•~st thc abo.•e describ~d re-a~ esta:e.
E B-Pr~mi~~hs o~ fire ar.d windstor~n ~nwra~ce as F.er_~~n rrGu~red to be carried cn the ~mproveme:~ts s:tvate on the above described premisez.
e
~ C-Premivms o~ s~ch m.ort3age guaranty ir.sura~te as mo~tgagee shail 'ro•^ t,.~e to ti~ne deem fit to ca:ry on tfie loan secured hereby.
s
Mortgagee shai! .'rcm nme to t~~ne net+fy mcrryagcr ~n wnn~g of the a~: ou~t d,,e and payable hereundar and such s~~n shall thzreupon be due and
` ;~~able on the d~e da!e of the next rnooth:~ paym.nt ar.d each su:cessive ~r.onth therrafier ~ctil mortgagee shatl not~fy mortgagor of a change in suth
~ ount. Su~.h sums sHa:l be. applied 'oy mortgag•se ro.v~~d the payment of reat properry ta~ees, insura~ce prem.ums, a~id mortgage guaraMy insurance
~ ~rrium5.
F
~ IN Y11TNE55 WHEREOF. the saEd MORTGAGC2 has here~^to set his hand and seal the day and year first atoresaid.
~ Signed, Sealed and delivered in the presence of:
"~/1i~~wr~ f(~ (Seal)
~ (Seal)
~ (Seaq
~ V61 (Seal)
~
~
~ S~AT"c OF FLORIDA
~ St . Iuc ie ~
CJUNTY OF ~
~ eeiore me personally appeared _ Kenllet,~1 R DY`BS~ +nd
~ ~'SI@ZVII~ W his wife, to me well known and k~p~ to me to k~
~ t~a individuafs described i~ and who executed the for oi instr ment and acknowledged before me fhat they execused the s~,rt~_~d~ tk~,'
~ ~ve~yn 1~ew C - .,~,o,.•.~~ _
~3 therein e:pressed. And the said- , ~ = , -
Kenneth R. Drew '
.:~fe of the said - upon~A s~ snd p/[~at~
~ ~ram~nat~on by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instr~ne ` r!e{y and v~iod
~ :_r~ty and without any compulsion, constraint, apprehens.an, or fear of or from her said husband. - ; ~
WITNE55 my hand and offirial seal this 2~~ _ day of ~rCh • ~~A- D. l9'~
~ ~ ~ ~ I •r ~ .r r
. Notary Poblic in and for the State of f~orida Af.~~ibi;t~' ,
My Commission expirer. _ ' .
Retum To:
First Federal Savin s d. loan Associat~on ~~jr•<< t' ~ ` et!ARGE
Of Fo t P.erce. MZ' CONiMISSlCii ~XF~ ~.'T. 9, 197~
;rt3 SONDED TNRUUGH fRED W. DIESTElHUR3i
Fort Pierce, F:enda
:"r:~
~~lCtE CflfAN] i
~s-~ John 41. Collins Ct~~iR~~~ l~
This Instrumeni Prepared By
5~1~7.COlIRT
~~a First Federal Savings 8~ Loan Association ~~+0 rERr~r~p__w ~
of Fort Pierce , Florida ;
:~a ~ ~l JZ ~ P!!'T2 }
t Checked By {
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