HomeMy WebLinkAbout2421 3. To piace and cont~nvou3ly keep on the bui'd~r.gs now or hrreait~r savete on s~~d lend and on al; equ~pment and perso~ally~covered by ?his mot
ege. w~th all prem:u~ns ~hereon pa•d ~n }ull, firz i~:w~anc~ ~n ~he ~suai si,r.da:d po'~cy form, in a sum ~Hprored by the MORtvAGEE, and w~ndi~o
:nsurar.ce i~ [he vsua~ s~a~~da~d po:.cy form, in a wm apuro.ed bv ~he h10RiGAGfE, in such co~npany or COrn~dn~C! as ~l~e MO~ZTGAGEE m
d;recf; and all ii~e and v.~ndstorm ii~surante poliuas on any of s~~d twi:d.ngs, any intereat therrin or parl thereol, in the agg~egate wm aeoresaid
in eacess thereof, shall :o~~ain the usuat a~a~~da~d morrg~ger ciause or iuch other c!ause as the Mor.gagee may rrqu.re, maS~i~~g tha ~oss unde~ se~d po
c~es, eath and every, peya5!e fo said ~~10RIGAGEE as i1s inta~rst may appear, ar:d each and a4ery sv<h ponc/ s~~ail be p~omptly ass gned and de~~vered ~
any held by sa~d MORTGAGEE aa i~r~ha~ sewrity to sa~d n.origage dcot, and, not less than ten (10) days in ad~ance of the expirar~on of each poGCy, to d.
Irver to said MORTGAGEE a renewal ihereaf, toge~ha~ with a rece~pt 1or ~he prn~nwm of such renewal; and there shail be no f,~e or winds~orm inw~anc
placed on any of said bui!dings, any i~ecres~ thrre~n or part the~eof, u.~'rss in ~he fo~m and w~th ~he loss payab!r as aFwesaid; and in the eveM any sun
of money becomes paya!~le ~nde~ wch policy or poGcies sa~d MGRTGAGEE sha~l have the oNr.on ro ~rcaive and app!y the same on account aF the indaLt~d
nes: securec! hereby o~ to perm~f satd rAORTGAGORS fo rrceive and use it or any parl the:~•of tor o:~~• r pw~ osrs, c,Aho~t th>~. u~ ,v.:~vi ~g or w~aw.
ing any equ~ty, liprl pI r~ght under or by virtua of ~h~s ~r.o~~yage; and in the eve~t sa:d MORiGAG02S shall ;or any reason iail to keep the sa~d p+emises so
~nsurcd, w fail to deGver pranpt(y any of sa~d poLCias oi lnsurance to sa!d MOR1GAGfE, or tai; pron~ptly to pay fui:y any prenu„•m thcrefo~ or in any
respett (ail to perform, d~stha~ge, executa, efiect, tompletr, tornply with and ab~de by th~s toverian~, or any pa~~ h~reof, sj~d MGRi;3AGEE may piace a•~d
pay (or such inswance or any part thereof wn~o~t weivirig or affatting any oyt~pn, lien, equity, or ~~aht under or b~ virtue oF this Alortgage, and !ht
t~ll arnov~? of each and e.ery such payment sball be ~~nmediately d~e and payab~e and shau brar imerest from th~ dare thereoi undl pnid at ihe ra~e ol
~une per centum pe~ annum ond to3athrr v~nh such inrer~sf shau be scwccd by the lien of this mortqage.
~ 4. To permit, commil or suffer no waste, impairmznt or deter~orotion of said prcperty or any part thereof.
5. To a all and si g ~ ' y Y~ P f
p Y ngular the costs, thar es and ex ~ensrs, ~ncludin a reaionable a~fo+ne s fee and cosrs of abstracrs of title, i~c~~~ed o? aid af )
any tim.e by said MORIGAG:E, because or in ~he evem of the fa~lurz on the part of fhe sa~d MORTGAGOR to duly, pra~~ptly and futly perfam, d~scharge. 4
e.ecute, e(fect, cemplete, compty w~th and ab:da by each and every the st~p~,ar~u~s, agrecments, conditions, and cove,iams of sa~d prom.issory note and ~h~s
nongage any or e~ther, and sa:d cosrs, charges and expenses, each and erery, shall be immrdiately due and payab!e; whether or not there be not~ce ds
mand, attempt ro collect or suit pendmg; and the (ull a~noum of each and e~e~y su:h payn:ent shalt bea. interest from the date thereof until pa~d at the
oi nine per c~nt~m per an~w n; and ail said costs, cl~arg~s and cx:~ei~ses ~ncurred or pa~d, together ~v~th suth interest, shall be setured by ~he lien o( th;s
mortgage.
6. That (a) in !he evenl of any b~each of this Mortgage or default on ihe part o( the MORTGAGOR, or ;b) in the event any oF sa:d sums of money
herein referred to be not prompdy and fully pa~d w~ih~n th.rty ~30i days ne,~t a're. ~he so~,ie seve~a:ly become due and payabte, wirhout demand o~ nouce.
er (c) in the event each and every the stipu a»ons, agreements, cond~i~ons and covenan~s or sa.d promissory note and th~s mortgage any or either are not
iu;y, prwnptly and fully performed, d:scharqed, eaetuted, effected. tomp!eted, compi~ed with and ab~ded 5y, then in e~~her or any such event the sa:d ag
~'egate sum menrioned in said promissory note thrn rzn~a~ning unpa~d, with Fntrrc;t atuurd, and atl moneys seNred hereby, shall betwne d~e and pay
aole iorthwith, or ~hereafter, at the op!ron of sa~d MORiGAG~E, as lully and comp~et~ly as ~f all of the :a;d sums oi money were ong~natly st~pu:ated
ro be pa;d on such day, anything in sa.d pro:n~ssory note or in th~s Mo~tgagr to the contrary not.v~thstand~ng; and thEreupon or thrreafter at the opt~on of
s.~:d MORTGAGEE, without nonce or demand, su~t at :aw or in equ~ty, therefure or thcreafter begun, may be prosetuted as if all moneys 3ecured hereby
r._d matured prer to its i~stitution. t
7. That in the event that at the beg~nn~r,g of or at any Ii~ne ptnding any su~t upon this Mo~tgage, or to foreclose it, or to reform i~, or to enforte
c~~;ment of any daims hereunder, sa;d MORTGAGfE shall apply to the Court havmg ~unsd,c:~o~ thereof for th> appoiniment of a Receiver, such Court shall
ic~;hwith appoint a recei•rer of sai~ ~nortgaged propeny ail and sing~iar, in~i~d.ng a~! and s;~+yular ~he income, prof~ts, issues and revenues from whatever
s: ;rce da~ived, each and every of wh ch, it be~ng expressiy undersrood, is I:er,~by mor.ga~jed as +f spec~lica;:y set fonh and described in the 9ranting and
i~ab~ndum clauses hereof, and such Recz~ver sha11 have all the broad and effecr.ve fvncs.ons and potiyers in anywise emrusted by a Cou~t to a Receiver, and
s_;h appointme~v :hail be made by such Court as an ad nnred equity a~d a ma~ier ef aLsoiute nght to sald 6tORTGAGfE, a~d witheut reference to the
a:+_quacy or inadeq~aty of the value of the property mortgaged or to the sa.vency or ~nSG:v~DCy of said MORiGAGOR o~ the de4endants, and Ihat such
~:~ts, profits, inco~ne, iasues and revenues shail be appLed by such Receiver accord;~~g to the lien or equity of said MORTGAGEE and the practice of such
Court.
8. To duly, p:ompHy and fu!!y perfo~m, d;s:harge, execute, effecr, co-,+plrce, cor.,Nl~ vv~th and abide by each and every the stipufations, agreeme~ts,
conditions and covenants m sa~d prom~ssory note a:id !h~s mortga.~e set for!h.
9_ That in the event the owr.ersh~p of the mortgaged prem~ses, or any part ti,creo(, becomes vested in a person other than the MORTGAGOR, the
."~r2TGAGEE, its successws and ass~gns. may, wrthour no!Ice to ihe ttpRTGtiOR, deai v~,rh such suctessor or svccessor in interest wifh reference to this
o•tgage and the dzbt hereby secured in the sarne ma~~ner as w~th ~.lortgagor wnh~~t in any way vinating or d~scharging the Mortgagors' liability herP
.-'der or ~pon the debt hereby securrd. No sa!e of the pren,~srs h~reby mortgaged and no forbearance on the par~ of the I.~ORTGAGEf o~ its tuccessws
or ass~gns and no eate~sion of the t~me for the paymenf of the debf 1,.~~eby secured given by the 1hORTGAGEE or its successws or ass~gns, a=~all operate
ro re~ease, d~scharge, modify change or affect the o~~g~nal liab:;rty of the MORTGAGOR here~n, either in whole or in part.
10. It is spec~ficaliy agreed that t~me is of the essence of rh~s convact and that no waiver of any ob~tgation hereunder or of the ob~igation se-
cvred hereby shall at any time thereafrer be heid to be a Y1dIV@f of the terrr.s hereof or of the instrument secured herby.
11. In add.t[o~ to the fcrege'ng month'y payn,_nts of pri~c pal and inr~.est req~~red by the p~om sscry no'e secured hcreb/, mortgagor eovenants
d agr_es to pay to mortgagee wnii eac~ r onrh.y rayr~.ent ar, add~:~~nal w~~~ csr ~.ated b~ mprtgagee to be equal to l, 12 of t;ie an:wal cosl of the foliow-
A-All real property taars lei~_~ o~ asssss_d agni•:st th~ above describ~_d r^al esrate.
B-Pran::ums on fire and windsto~~n inwrar.ce as hrre~n req~;red to be carr~~ d en the ;m;.roveme~~s s~tuate on the above d_scribed premises.
C-Premi~ms o~ suth mo~tg;ge guaranty irsvra~:ce as mortgagee shall frc-r t'me to tim~ deer.i fit to carry on the loan set~red hereby.
Mortgagee she~l from tin,e to t~me ~:of~f; merry;gor in wriung of the a~~,o~~t d.,e and payable hereundzr arrd such sum sha!! thereupon be due and
e~yable on the due aate of the ne,et n:ootn:~ paym•~nt and each successive n~onth thereairar ur.ti( mcrtgagee shafi not~fy mortgagor of a change in such
~.ount_ Such sums sF.a:l be app~ird by mortgayee toward the payment of reaf prope.ty taxes, insurante prem:um5, and mortgage guaranty inwrdnte
r-emiums.
IN \'ATNESS 'laHEREOF, the sa~d MORTGAGCR has he.eunto set his hard and seat the day and year first afaesaid.
Signed, Sealed and de{ivered in the presence of: ^
~Seai)
- ry ~lII@S . S @QTl j
` (Sea4
~ -vC.G - GC., {5ean
_ x- - f~~~G7. ~~~ncy s een tseai)
STi,TE OF FIORIDA ~
COUNTY OF St . LLiC 1Q
~1
Befwe me perso~aUy appeared James f2. Osteen
- and
_ YBIICy ~St@f~il his wiie, to me well known and known to me to be
iF~e individuats described in and who executed the foregoing instrument, and acknowledqed before me fhat they e:etuted the same fw fhe pvrposes
rherein expressed. And th- :a~d _ Naney L. Osteen
' r:;fe of tF~e :a;d James R1 Osteen upon a separate and private
~~am~nat~on by me taken separate and apart from her sa~d husband, acknowledged to and before me that she executed said instrument freely and votun-
'~~+(y and w~tho~t any compufsion, constraint, apprehens~on, or fear of ar fram her said husband
, WITNESS my hand and off7c;a1 sea{ rh~:__~?4th _ day of_ Ma rC}1 A. D. 19 72
_ 40~~.~ ~~r~-~-~ _
Notary Pu61ic in and for the ate f Fbrid ~t r9A •
My Comm~ssion expires: ~~j~~~w ~
Return Tc: ~
''i.
first Federal Savings d~ Loan Association ~ ,~•jv~ ~~..Lbi~
Of io~t R.-ce. ; '
Fort Pierce. ~Icr~d, FILED AND RECOROEp ~ ~ ' ' ~
ST. tt1CtE COUMTY FLA. `G
, ROGER POITRAS _ ~ ; ' ' _ ~
CLERK CIRCUtT COURT t : % ~ _ ; ;
Thi~ Instrument Prepared By John tJ. Collins R~CORD VER~FtFQ ~ ~
First Federal Savings 8~ Lcan Association y~~ ~
of Fort Pierce F2orida 17M !6 PH ~~t a
s
Checked By _ <
~
2?"~62'73
s~~ ~j~
BDOK ~?V V PAGE~~~ ~
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