HomeMy WebLinkAbout2794 3. To place a~d conGnuously keep on ~he bui.J~ngs now o~ hrrrofte~ e~tua~e on so~d land and on al( eq~ipment and persona~~y covered by this mo~
ege, with all prem~umt thereon ~.a-d ~n l~:S, t~re insu~a~~ce i~ ~he ~sual aton;lyd po'~c~ form, in a swn aHy~rored by the MOR~vAGEE, and w~nds~o
~nsurance in the usual s~anda.d po~.cy iorm, in a e~:n .~~.F,~o.rd br ihe fdOR1GAGEE, in such to~npany or co~npan~es as the I~~ORfGAGEE m
dnecl; and all fire an~ w;ndstcrm insurante polic~as on any o( said bu~ld.r.gs, any entefes! therein ~r pa~1 thrreof, in Ihe agg~egetz tum ~forosaid
in excess thercof, sha11 ;onrain ~he usual s!a~:d~rd mortg.~gee c:a~se or wch othe~ d+use as the Mortgagee may requue, mawing the ioas undrr s~~d po
c~es, each and every, payab•e to said n10R1GAGEE as ~~s ~nt~r~•st may apprar, and each a~~d every such po:~c~ shatl be prompt~y ass gned a~.d dz:~verrd ~ ~
any held by sa~d MORfvAGEE as fur~her iccurity to said n~ortgage d~ut, and, not less than ~en !10) days in ad.dnCC of thz expiret~on of each poiicy, to d~
I~ver to said MORTGAGEE a renewal thereof, toge~her with a rrcr~pt foc tha prc<~uum ol such renenal; ar~d thrre shail be ~o Lre or w~ndsiorm insuranc
p~aced on any of seid b~i!d~ngs, any inrerest the~ein or part ~h~•rrof, uniess in ihe fonn anc) w.~h the loss payable as afo~esa~d; and in the e.~en1 any s~n
of mo~ey becomes payable under sLCh policy o~ pol~c~es said ti10RiGAGEE sh311 have ~hr opf,on to rec_~~ve ;nd apN'~ fhe same on accoun~ of the ind<bted
~ess sewred heraby o~ ~o permli sa~d 1AORTGAGORS to rece(ve and use :t or any p.vt ~hc-rof tor o:~„ .~;vr ;;s~-s, tv:~r~,~•~ ih ,v~~+; ~3 ar ~n,p,,ir
ing any ~qu~?y, lien or r~qht under or by virtue of ~his ma:~gage; and in the evrm sa.d MORTGAGORS shall :or any reason fail to kcep the sa~d premisrs so
insured, or fail to defiver pra~~ptly any of sa~d pol~ciei of Insurance to sa:d h50RiGAGEE, or fail peomptly to pay fu~ty any pre:mvrn theretor or in a~y ?
respect iail /o periorm, d~scharge, execure, eflecr, cpupleta, co:nply wi~h a,id ab~de by Ihii cOVen~ril, or any p.ul hrreof, s.+id MURTGAGEE may p~ace a~~o
pay for such insurance or any part thereof wnhoW waiving or atfrcting any opt~on, lien, equ~+y, or n~ht undrr or by virtue of this Mo~fgage, and thc
f~ll amount of each and e.ery such paymem shaU be immedietefy d~e a:,d payab~e and sh~u brar interest frano tha d:,te thereof u~vll pa~d ai the rate ofi
r~~ne per centum per annurn ~nd to~cthrr wi`h w:h intereat sh~i~ be sacured i~y the lien of this mortgage.
I. To permit, tommit w suffer no waste, impairmero or deteriorotion of sa~d µroperty or any part thereof.
S. io pay all and singuiar the costs, tharges and eaE:enses, ~nd~d~ng a reaiona6le anor~ey's (ee and cos~s of abshacts of title, incurred or paid at
j~y rime by said MORTGAG`.E, because or in she event of the fa~fure on thr part of the said MORiGAGOR to duty, pro•nptty and fuUy per(orm, d~scharqr.
e,~ecute, effect, compiete, comply wuh and ab:de by each and every ~he stip~lar,ons, agrecn,ents, cond~tions, and covenants oi sa~d prom~ssory note and ~his
n,ortgage any or either, and sa•d costs, charges and expenses, each ond every, shall be immed~ateEy d~e and payabie; wherher or not rhere be not~~e dz
mand, a»empt to collect or svit prnd~ng; and the full amoum oi ea:h a~:d e~ery such payn,ero shall bea. imrrest from the da~e thereof until paid al the
~.•~e o~ nine per crntum per annc:n; and ai~ aaid costs, cha,ges a:~J c.pc•nscs ~rcurred or pa~d, tpgether .v,th suth mterest, shall be secured by the lien of 1h~s
t
morfgaga ~
6. That (a) in the event of any breach oI th;s Mongage or defaulr on tt~ part of the A'.ORTGAGOR, o? ;b) in the event any ot sa:d sums of money ~
herein referred to be not prc~nptly and fu:ly paid witt~in th:rty {30) daya next a~t•_~ tne sa ne se.r.a:[y becane due and payable, without demand or ~otice, f
or (c) in the event each and every the stipv:at:ons, agreeme~~ts, condr~ons and covenan~s o! sj d prorr~;ssory nore and th:s mortqage any or either are not ~
~u;y, promptly and iully perform~l, d;scharg~d, erecuted, eifected, completed, compl:ed wifh ar.d ao~ded Sy, then in either w any such event ~he sa~d ag
3~egate wm mentioned in said promissory note then remaining unpa~d, with inrrre;e acuued, and aii moneys sec~red hereby, sha? becoa~e due and pay-
an'e forthwith, or thereafie~, at fF+e opl~on of seid A10RTGAGEE, as fully a~~ complerely as ii all of thr said wms of money were onginatly stlputated
to br pald on such dey, anything in sa d prom~ssory note or in th~s Aloitgaye to the co:vrary not.vithsrand;ng; and thereupo~or therea(ter at the opt~on of
s+d MORTGAGEE, without notice or demand, suit at law or in equity, rherrfore or thereafter begun, may be prosecu?ed as if all moneys secured hereby
r„d matured pnor to rts institunon.
7. That in the event that at the begi~n~ng o4 or at any ti~ne pend~~~g any su~t upon rl~is Mortgage, a to fwectose it, or to reform it, or to enforce
p~ymeM of any daims hereunder, said J~10RiGAGEE shat( apply to the Court ha~ing ~unsd,cr,on thereot for rhe ap;x~ntment of a Receiver, sucb Court shafl
fc-lhwith aopoint a receiver ot said mortgaged property aIl and singu:ar, indud ng ait and s~ng~;ar ~he ir.come, prof~ts, issues and revenues from whatever
s=urce derived, each and every of wh~ch, h being express!y vnders~ood, ~s h:er~~by mongaged as if sp?c~i~caily set forth and desu~bed in the g~anting a~d
h36endum dauses hereof, artd such Receivei sha~! have all rhe broad and effec•,te fun~r.ons and powers in anyw~se entrvsted by a Co~rt to a Receiver, and
s_ch appeintment shal~ be made by svch Co~rt as an ad.,iited equ~ty and a ma~rer of abso~ure r.ght ~o sa~d MORTGAGEE, and without reference to the
ad_quacy w inadequacy of the vatue of the prope~ty mortgaged or to the so.vency or ~n;o,vency of sa+d M,ORiGAGOR a the defendants, and that such
re~rs, profits, incp.ne, iswes and revenuet shall be applird by such Rec~~ver accord~ng to the lien or equity of said MORiGAGEE and thr practice of such
Court.
8. To duly, promptly and fuily pe~form, d~scharge, execute, effect, complEte, comply wiih and abide by each and every the sfiputations, agreements,
:o~dirions and covenanrs ~n sa~d promissory note and th;s mortgage sef for~h.
9. That in the eve>,t the ownersh;p of the mortgaqed pren,~ses, or any part thcreof, becornes vested in a perSOn other than the MORTGAGOR, the
.'ORT(',AGEE, its successors ar,d ass~gns, may, w~~hoW nonce so the ntiORiGAOR, dea: w~th such successor w successo~ in inte~est w;rh reierence to thes
^ o•~gage and rhe debt hereby secured in rhe same manner as wrth f.lo+tgago: w;~hout in a~y way vitlating w d:scharg~ng the 1llortgagori tiabitity here-
w~der or Vpon the debt hereby sewred. No sa!e of the Frzrr.~ses h::eby mortgayed and ~o fcr~.a~ance on the part of the ~AORTGAGEE or its successors
cr assigns and no exrension o~ the t~me ior the paymenr of the debr he~e!:y secured g~ven by the MORTGAGFE or its successofs or au;gns, a.~atl operate
ro re!ease, d~scharge, modify change or affect the orig~nal t~au,iny ef tne N~ORTGAGOR 6ere~n, either in whole or in part. ~
10. It is spec~ficafiy agreed that time is of the essence of th~s coniract and that no waiver of any obl~gat~on hereunder or of the obligation se-
curzd hereby sha11 at any ~ime thereafier be heid to be a wai+er of the terms I~ereof or of the insrrument secured herby. ?
l i. tn aud~tion to the forego ng month'y pa~ments ot cri~tc pal and i:ve~est reqv-red by the prom'sscry no±e secured hereb~, mortga~or eovenants ~
; ~~•d agrees to pay ta mo-tgag~e ~.+~h each monrh;y pay~. ent an od~::~onal sum <s~ ~.ared b,r mortgjgee to be equal to 1, 12 of t;,e annual cost of the follow-
~ ~~3:
i A-All real property taxas levi~d or assesscd ag3i•ut thc abo:e d^scrib~d r~al eztate. '
f 8-Prem,,u~ns on fh~ and v~~r.dstonn ms~ra.ce as ne:c~n r~q~,red to be car:~~~ en the :mprovements s;tuate on the above d~sv~bed premises. ~
• C-Premiums on svch mortg;,ae g~aranty ir.wra~.ce as mcrtgagee sh3~1 frc•n r me to t;~n~ deern fit to carry on the ~oan secured hereby_ i
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i Mortgagee shail from t~~ne to t~:ne notffy mortyagor ~n wrm~:g of the a~~ou~t d;,e and payab!e hereundar and such surn shail thereupon be due and
.~,abte on the d~e ciare of rha nc,cr mo~th:y p3y•,,~nt and each successire ~ronrh thereafr;-r ur.tdl mortgagee shall ~otlfy morr~agor of a change in such
~ ount. Such sums sha;l be appiird by morigagee toward Ihe paymeni of re~l property taaes, insurance prem:ums, a~id mortgage g~aranty insurance
: •emiums.
IN LYI7NESS :~HERcOf, the sa~d MORTGAGOR has hereunro set his ha,:d and seal the day nd ar first aforesaid.
S~gned, Sealed and defivered in t prese~ce of: ~
+ / f~ Sea4
(Seaq
v (Sealj
- ~ (Seaq
S~A7E OF FLORIDA ~
~OUtJTY OF Sti• Ll1C~6
1
Before me personally apr~ared . ~8i1 ~10~8 and
; - ~Or~IIe ~1Q~~3 ~~a ~,~pj~~n ~~as his wife, to me well k~own and known to me 1o be
the individua:s described in and who executed the faegoing instrument and acknowled ed before me that they executed the sarne fw the purposes
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th~rein expressed. And the said_ Ta01'~I1B ~~as ~~~8 L02~@II ~1QDlg3
fe of the said _ ~i.l ~10]A3S upon a separat end privsts
c=aminat~o~ by me taken separate and apart from her sa~d husband, acknowledged to and before me that she exetuted said instrvment ke~¢~jyJpd vdurr
ran~y and witha.rt any computs~on, constraint, apprehens~on, or fear of or from her said husband. . t. -
; ,Z . :
~ WITNE55 my hand and official seal this__ 9~1 day of_ H82'CYl ~9~ ;
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Notary lic in and for fhe 1• of'fi6,[de d lsrge ' 3
My Co issioo expires: ' ~
Retum To: - • • ~
Fint Federal Sa~ings d. Loan Associat~on ftiOTARY P~^LIC ST,'.TE r~ FI ORl~~'~T I./~RIi!
b1Y C(??~'.~t`_,:;, M:.~.. . 2, 1975 _ _
of Fo,r P erce. GENEKAL INaURr1NGE UtiDERYr$IjEfIS, INC.
Fort Prerte, Flo~ida . ' •
'fll~p AtID R[C~ . ~ . . . ~ '
'iT IUWE C4UM ~ ~ ~ '
This Instrument Prepared By Richard K. K~yes R4CER PG1Tl~Ai
First Federal Savings & Loan Association CLERK CIRCUIT'COtIRT l~ ~
of Fort Pierce ~ Florida ~RECORO vE1l~F1E0~
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~a ~ '
Checked By X.r~____ ~ ~ ~ ~ ~
oa 226529
600K200 ~~2793
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