HomeMy WebLinkAbout2665 3. To p~ace and continuous~y keep on thr bu~'d~~~gn now or hr~a~iter s~~~ate on sa~d land and on a!; oq~ipment and personolly covered by this mw
age, w~th all premiv~ns thereon pa.d ~n f~tl, f~re ins~~~:~ce ihe ~swl s~~rd~~d po ~c? form, in a s~m aHUro~ed by the MOR~G~+GEE, a~~d w~:~ds?o
~nsurance in ~he ~sual ~randa~d po:cy {o~~n, in a s~m aE:pro.ed ~y ihe AWRTG~GEE, ~n sucl. co~upa~~y or co:npan:es as ~he h10RTGAGEE m ~
d~rec~; and atl fire ar,d w~ndstorm ~nsu~an~c put~c~es on a~y of s~~d bu~ d.~g~, any ir.te~est rherei.. or part thcreof, in ~he aggrega~e w~n afo~esa~d
in extess Ihercof, shall :ontain the usu~~ ata~~d3rd mo~~g~gre uausr or s~:h other cla~se as Ihe A~o~tyagee may requ.rl, ma\ing the loss w~dr~ s3~d po f
c~es, each and every, payab'e to said A~ORTvAviE as :!s uver.st n~ay appe~+, a-~d eoch and e~r~y wch po~~cy ahali ue p~ompriy ass gnad and deGv2~rd + ~
any held by sald I~IORTGAGiE as iw~her secw~ty ro sa~d n:~ng,ge d~•~t, a~~d, no~ less tf~an trn (t01 days i~ aJ+jnce of the exp~~at~o~ of each pol~cy, to d.
Lver to said h10RTGAGEE a renehai thereof, toge~har v.iih a rr:r~p~ for the pre:nium oi such re~~aha:; af:d thnre st,a;! ba no i~re or w~~~ds~o-m insuranc
piaced on a~y of said bui!d~ngs, any ~nterest ~here~n o~ part ~he~eoi, ~~~'~is ~n ~he fcrm and wi+h the ~csa payab~e as afcresa~d; ard in the eveM any w~ ~
of money becomes payab'e vnder such pol~cy o~ po6c~es sa~d :AJRiG:.G:f ih,ll ha~e ihe oN~~on ~o rrt~:~v.' =nd apyly the same on accounl of the indrbt~d ;
n~•ss SeCUred hereby or ro perntit Sa:d'MORTGAGOR$ fo reCeivc and use ~T a any p:rt Ih-•-~•of io~ o'h~•• G..:r,;;irs. ~'.:~i~.,;t ih"~:>~ ~v=~+~'3 ~'"P~'" '
ing any equ~ty, lien or right undrr a by vi~tue of th~s n,c:~~age; and in the event sa:d MORTGs1GORS shj!1 :or any reason fail:to krep the sa~d pre~nlsrs so
~niured, or fail to de!iver pranptty any of sa~d pofc~es of insv~ance to sa,d MORiGAGEE, or fa~: p:on~pely to pay fu;ly any p:em~~~n therrfur o~ in any
~espect Fail to pe~Form, d~scha~ge, eaecute, effect, canptere, cor,ply v~nh and a5~de by th:s c•~vana~i~, or any part ha~eof, sa:d MvRT;,AGEE may piace a~d
pay fw such insurance or a~y part thereol wnhout wa~ving or affec~~ng any oyr~on, lien, equny, or r~~ht undrr or by ~irtue oi this htongage, and the
fult amount of eath and e~ery such paymam shall be im,red~ately dve a~~d payable and shail bear ~ntcrast irom tha dsta thzrcof un:il poid a~ tne rare of
r~~ne pe? centum per a~num ~r.d ~o~ethrr Nith such interrs~ sh~~~ br ic•wrrd by the lien of th~s mortgage.
1. To permit, tommit or wffer no waste, impairmem u drtarioration of sa~d property or any part thereof.
5. To pay all and singular the costs, charges and eapenses, including a reasonaole attomey's fee and cosrs of abstrads of title, inwrred or paid at
any time by sa~d MORTGAG:E, because o~ in the event ~f ihe fa.wre on ~he pa~~ of ihe said MORTGAGOR to dcly, prompety and fully perform, d~scharge.
aaecute, effect, comptete, comply wnh and ab.de oy each and every ehe st~pu:ar,ons, agreemeNS, cond~tions, and covenants of sa~d pro~n~ssory note and this
.~:origage any w ei~her, and sa~d cosrs, cha~ges and eapenses, each and every. sheN be immrd~ately due and payab:e; whether or not there Ne nohce d~
mand, atrempt to collect w suit pend~ng; and the ful; a~no~nt oi each and e~e~r such paymem shal! bea~ interes~ from the dare the~eof untit paid at the
~~te oF n,ne per centum per annu~~; a~d a11 said costs, charges a~d c,cpe~~ses ~nc~~red or pa,d, together w~th such interast, shall be setured by the leen of th~s
mortgage.
6_ That (a) in the evero of any breach of this Mortgage or defauh on tl,e part of the A10RTG:IGOR, or ;b) in tbe evr~t any of aa'd sums of money
herein ?eferred to be not promptly and tuily paid w~th~n in:rty ~30; dats ~e~t a•r.=r ~he san,e se~efa:ty becxne due and payabte, without demand o~ not~ce,
cr (c) in the event each and every ~he stipulanons, agreemenTS, cond~:~ons and covenanrs of sa.d promissory note and th~s mortgage any or either are not
~v;y, prompdy and fully pe~fwmed, d scharged. exe:~ted, effeacd, tomplrred, canpi:ed w~rh and ab~ded 5y, then in e~ther w any wch event the sa~d ag-
gregate sum mentioned in said promissory note ~hen re~naining unpa:d, w~th mfero,t accr~ed, arxl et~ moneys secured hereby, shall becume due and pay-
e fenhwith, or rfiereaf~er, at ~he opT~w+ oi satd 6tiOR1GAGEE. as ful~y a~xi compfete!y as ii all of the sa~d sums of money were originaUy s~~putated
to be pa;d on such day, anything in sa.d prom~ssory note or in ih~s Mortoage ro the con~~ary not,vithsta:~d:ng; and tFw:re~pon or thereafter at the option of
s~:d MORTGAGEE, without nor~ce or demand, suit at law o~ ~n eq~~ty, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby
n;d matured pnor to ~ts instit~nort.
7. That in the event that at the beginn~ng af or at any tim.e pend:ng any su~t upon t?,is Mo~tgage, or to iwetlose it, or to reform i?, or to enforte
payment of any daims hereunde~, said MORTvAGEE sha11 app~y to ihe Covrt hav~~~g ~u~~sd.cs;on thereof for the appo~mmen? of a Rrceiver, such Court shail
to~thwith appoint a receiver of said mortgagcd property a1i and s~nguta., in;tuJ ng ~ti and s«,gu;a~ iF~e income, prof~ts, issues and revenues hom whetever
se~~ce de~ived, each and every of wh!ch, it be~rr~ express~y ~~dersfood. ~s hereby mortgaged as if spec~f~caily set forth a~d desuik.rd in the granting and
haoendum dauses hereof, and such Receiver ahail have al~ the br;,ad and eiiecT~ve fu~c~ ons a~~d powers in anyw~se emrusted by a Covrt to a Receiver, and
r.:ch appoimment shall be made by wch Co~rt as a~ ad:ni~ted equity and a matier of a~solute r~ght to sald h10RTGAGEE, a~+d without reference to the
adeq~acy a inadeq~acy of the value of the property mor.gaged or to ~he so vency or ,nso,vency oi sa~d MORTGAGOR or the defendams, and thal such
renrs, profits, incane, issues and revenues sha11 be app~~ed ny such Recr~ver ac:ord~ng to the lien or eqvity o1 said MORTGAGEE and the pract~ce of such
Court.
8. To duly, promptty and futly pe~form, d~scharge. execvte, effect, cornpie+e, compl~ w~th and abide by each and every the stipulations, agreements, ~
ccnditions and covenanrs in smd promissory note and th:s mortgage set fortn. !
f
9. That in the event the owner•_hip of the rnortgaged pren,~ses, or a~:y part thereof, becomes vested in a perwn other than the MORTGAGOR, the
h',ORTGAGEE, iu suctessors and ass~gns, may, w~fhout r.os~ce to ~he ~tiO~eTG~04. deal w~th such successor or successor in interest wiih reference to thia
n,or~qage and the deot hereby secured in the same manner as w~~h A1urt~ayor w.th~ut in any way vit:ating w d~scharg~ng the ~dortgagors' liability herr
~r.der w ~pon the drbt hereby secured. No saie of the pren,~ses h~~eby mo~tgaged and no forbeara~ce on the part of the tJ10RTGAGEE or its successors
er assigns and no eztension of the hme for the payment of the deb~ he:euy secuied g~ven by :he MORTGAGEE or its successws w au~gn~. a~~all operate
to reEease, d~scharge, modify change or affect the orig~nal Gab;i~ty of rhe N.QRTGAGOR he~r~n, either in whole or in part.
10. It is speufically agreed that time is of the essence of th~s co~~tract and that no waiver of any obl~ga~~on hereunder or of the obligation se-
wred hereby shali at any time thereafter be he!d to be a wawer of ~he terms hereof or of the ins~rvmem secured heTby.
11. In add t;o~ to the fcxego ~~9 month'y pa~m_nt: of p~i~c pa± and ~~~reres+ requ~red by the pram sscry ~ore sec~red hereb~, mortga~or covenants
e• d agrees to pay to mo:tgaqee o.ith each r,onrh'y pay: •ent an ad;i~rional sum es• ^~trd by mortgagee ro be eq~al to 1, 12 of tI~e annua! cost of the follow-
,9`
i A-All reai property taxes ~e~i~d or ass~ss_•d ag~i•~st tii~ above desc~bcd r:a! esrate.
B-Prenuums on fire and wir.dsto:m insurarte as he:c~n r~•qu:red to br ta~ried cn the :mproveme:~ts s~t~ate on the above d_scr~bed ptemises.
C-Premiums on such mortgsge guaranty insvranc? as mo•tgagee shaE~ frc~^ t me to nme deem fit to carry on the loan secured hereby.
Mortgagee sha!I from rime to ti~r.e not;f~ mcrigag~r m w~~tmg of the d'TtOU'11 d~e a~d payab:e hereundrr and such surn shal! thereupon be due and
r : a,able on the due date oi rh~ ne,et m7nth:~ payme:v and each succezsive ~~o~+h thereafi_r ur.nl mcngagee shail not:fy mortgagor of a change in such ~
i i
~•~o~nt. Such sums shail be a~p!ied by mertgag•_~e rov.ard the payment of real property taxes, insurance prem.vms, a~id mor~gage guaranty insurance ~
~ . •emiums. ~ s
~
r_ IN WITNESS ~VHEREOF, the sa~d MORTGAGOR has hereunfo set h~s ha~~d and seat the day a ar irst aforesaid.
~ 5' ned: Sealed and ~iv red in the presence of: ~
F v Seal)
$ _ Rob rt B. Fox Jr ~~,i~
~ ~ .
~ (Seaq !
~ Vonda S. Eox ~xaq ;
3
~ STATE OF FIORIDA ~ . !
~
~ cou~nr oF S t. Luc ie ~ ~ _ f
~ Robert . B.
~ Before me penonally appeared FOX ~.~Z • _ . - y and
~ VOi:dcl S. FOX his wlfe, to me ~re1( , J ~~1me to be ~
~ th~ individuals described in and who e:ecuted ~he foregoing instrumeM, and acknowledged before me that they' exe~L t~
d f t h! p~~poses ,
v t~ •/t• ' t
~ Vonda S.
the!ein expressed. And the said FQX ~
~ v+fe of the said Robert B. FOX !.II • t~~:~pan a s and private
nz examination by me taken separate and apart from her said husband, acknoxizdged to and before me that she execvteS{ s~i2! instrumep~.~ snd volun-
raniy and without any compulsion, constraint, apprehe~s~on,, oLr fear of or fr~n her said husband. ;
X WITNESS my hand and offic~a( seal this_ ~'~1~ day of rCh ~ ~J A. D. 19??
~ ' ~ ~ .
Notary Public in and fw the SWfs ~ al Large
~ My Comm~uion exP«<s: N~T~Y p~~ ~$TpTE pf fLORIDA at LARGE
Retum To:
' First Federal Savin s 3 loan Assodat;on MY COMMISSION D(PIRES SEPT. 25, 1975
:GS g gy qmerican Bankets Insurance
Of iort P.crce. c
~ fort Pierce. f!onda ~l~Q A1~~ ~C~ j
;R;, tT. l{i~tE COI1~Y f
118CER POITR-~___J ~
CtfR1~ Cf~CWt~
This Instrument Prepared By John ;v'. Collins RECORD YER~ 1E0
i
First Federai Savings & Loan Association ~ ~ ~ ~'I ~
~ of Fort Pierce ~ Florida
Checked By ~ R P ~
226446 aoox~ ~
~ ~
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~ ~ _ _ ' ~ _ - av:.: x Fi:
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