HomeMy WebLinkAbout2999 3. io p'ace and continuo~sly I,eep on the bu~'d~~~gs nuw or hereafter s~~uate on sa~d Iand and on oli ~~qu~p:nrnt and persona:ly covered by 1h~f moi
e ~e, w;~h ail prrm~~ r~s th~rco~ Na d~n Fu:l, (~re ias~rer.ce ~n tha uwal starw~i~rd po'~cy (orm, in a aum aN~~~uved by ~hr h10$~G%.GEE, and w~»dsto
~-s„rance in tha us~al sranda~d po:.cy sorm, in a sum ~pprowed by the MORTGAGEE, in x~ch co~„pany or tompao~es as ihe fdORiGAGEE m
d~:~cr, ar.d all ine ar.d w~ndit:;nh ~ns~r~nce po~~c~rs on any oi aa~d bui,d~ngs, ary interest therein ~r pan thrr,:oS, in the aggr~~ga~e svm afo~esa~d
~n excess ~hrreof, slwq ;ont,,,n the ~w:.l st~nd,,rd n,orrgagre c+ause or such orhrr c+au3e as the Mo~tyayee may requ,re, ma?~ng tha ~oas undrr s~~d po
~~~s, each and every, pay~b:e to said h1JRTCo.AGEE as ~ts int~rast may ap~a~, and eath and c~cry suth pa..t~/ shd{t be promptly ass gnrd and dci~~.~ed
any he!d by sa~d htOR(GAGEE as fvnhar s~•curity to sa~d n.o~tgage dabt, and, ~m less than ten (101 days in advance ot rhe expuahon oF each policy, to d.
I~.e~ ?o sa~d MORIGAGEE a renrwat the~eo{, toqe~her with a rece~p~ fw ~he prr~n~um oi such rencwal; and ~hr~e sha!I be no f~re or wu~dsto~~n inswant
p!iced o~ any ol aa~d buiid~ngs, any interesl there~n or par~ thereof, unieas ~n ~he form and wnh ihe losa payab!e as a4o~esaid; and in the event any sun
cf money beco~~~es payab:e ~~~drr such policy or poLc~vs s.~:d MORTGAGEE shall have ~he opr,on to rrce~ve and apy,!y the same on acco~m oi the indebt~•d
n<ss sewred hareby or to pernui s~~d ~dOkTGAGORS to r_.~~vc o„d use il or any p;,rt th•~:~•ot Icr o:i~•. r~.;, ,.i~•s, c..~ho~t ih ~~:p,.~
~~~g any equ~ty, lien or r~yht undrr or by virwe of ~h~s mc:'gage; a~d in ~he event sad I4tORTGAGORS shaN .'or.any ~eusort fai) to keep the sa~d prem~ses so
~nsured, or fai! to delfvei promptiy eny of said po6cies of insuran~e 10 said hlOR1GAGEE, or fail pcomptly to pay f~;ly any pre~nwm tnerefo~ w in any
resF ect fait to perform, d:sd~a~ge, executr, efiect, comptere, comply wirh and ab~de by th~s covenan~, or any p~:~ harrof, sa~d MGRTGAGEE may ptace a~o
c~y for such inswance or any part thereof w~rhour wa+viog or affc~cting any opt;on, lien, equ;ry, or right u~~dw or by virt~e of th(s A1a~gagr, and the
t.:,~ amounr of each and e.e~y s~ch payoienl shall be ~mmediately due and payable and shail brar ~nteres~ from Iha date ~hcrcoi umil pa~d at ~he rate ol
~:.e per cantum per annum and tu~~•~h~•r with such inter~•s~ shali t>e srcu~ed by fhe iien ot this mortgage.
I: To permit, tommit or suffer no wasfe, impairment or deterioration of ~aid property o? any part fhereof.
5. 1o pay all and singular the coses, charges and expen3es, induding a reasonable attwney's (ee and ccsrs of abstracts of tit!e, incurred or paid at
ti,ne by sa~d MORIGAG:E, because or fn the event of the ia~!ure on the part of thr said h\ORTGPGOR to du:y, pro~»pNy and fu:ly Feiform, d~stnarge.
cute, offect, ca,.p;e~e, comply w~th and ab"de by each and every the stipulahons, agreements, cond~hons, and covenants of sa~d p~anissory note and th~~
. xcgage any or e~~her, and sa;d costs, charges and expenses, each and every, ihatl be immrd~ate:y due and payab:e; whether o~ not ihere be nonce d>
n a:~d, a:temp? to colk~t or svit pend~ng; and the fult amount of each and every svch payment sha11 bear int~rest irom the date thereof ~nri! pa7d a! the
~ o° n,ne pe~ crnr~~n p~r en„L:n; ar,c ai! sa;d cosrs, charges and expanses ~ncurred or paid, toge~her w~th such interest, shaU t>e secured by Ihe I~en of tha
,~,ortgage.
6. Tha? (a) in the eveM of a~y breach of th~s Mortgage o~ defaulf on tt~e part of the h10RTGAGOR, or ;b) in the event any of sa~d s~ms of money
t~~rein re!errrd to be not pranptty and fvlly paid within th,~ry (3~) days nex~ aiter the same severa!ly become due and payable, without demand or notice,
„r ,q in tha evznt esch and every ~he st~p~Iai~uns, agreemems, c~nd~tions and 4ovenanrs ot sa,d pro~~~~sso~y note a~~d th:s mortgage a~y or e~ther art nol
i,:y, pro~np~ly and fulty performad, d,scharg•~d, exewted, effec~ed, canpleted, compl~ed weh and at~ded 5y, then in e~ther w any such evenl the sa~d ag
yate svm mentioned in sa~d p~omissory note lhcn remaining unpa~d, w~tA interest accr~ed, and a:i moneys secured heroby, sha~l become d~e and pay-
: furthw~rh, or therea4ter, at the opr~on of sd~d MORTGAGEE, as fuily and comptetety as ii a~{ of the said s~ms oi money were w~ginatly snp~:ated
i~e p.;.d on such day, a~y~hirfg in sa.d p~o:n~swry note or in this Mortgage to the contrary not.v;shstand~ng; aod there~pon or ~hereaiter a~ the op~~on of
s,.d MORTGAGEE, w~tho~t not~ce or demand, svd at !aw or in equity, therefore or thereaf~er brgun, may be p:oaecuted as if all moneys set~red.hereby
r:_d mat~~ed pr~or lo ~ts institufion.
7. That in the eve~t rnar a? rhe begir~n~ng of or at any time pend~ng any su~t upon fhis Mortgage, w to faeclou it, or to reform it, or to enforce
r~iment of any ci,~;ms hereundrr, sa~d 11ipRTvAGFE sha:l apply to the Court having ~urisd,U~on thereot tCr tha appo:ntment of a Rece~ver, such Cour~ shail
r::: rhwi~h appo~m a receiver of sa~d mortgaqcd proptrt{ ail and singutar, inctud~ng aii and s~~~gu~a~ the income, prof~ti, issues and sevences from whatever
s: v~ce drrived, each and every of w:r,ch, i~ be~ng expressty understood, is hereby mw~gaged as if spec~ficalty set iortMe(nd dex~ibed in the granting ar.d
i.~bendum ciauses hereof, and wch Rece~rer shali have all ihe broad and effecnve funct ons and poweis in anyw~se entrusted by a Court to a Receiver, a~:d
s..h appointm~,it shatl bc made by such Court as an ad~nit~ed eqvify and a matter of absolute nght to said MJRTGAGEE, and withoul reterence to the
.~._~a~acy or inadeqvacy ~of the vat~e oi the property mortgaged or to the so~vency or ~nsc:vency of said RAORTGAGOR or the defendants, a~d th;t such
~s, prof~ts, inco.ne, iswes and rever.~es s6a{I be appi~ed by wch Qecrive~ accord:ug ro the lien or rq..ify of sa+d MOR7GAGEE and the pract;ce of svch
Court.
8. To du1y, promptly and iu:~y perform, dacharge, ezec .te, etfect, complere, comply w~tf~ and abide by each and every the stipulations, agreements,
c_~~d~tions and covena~rs ~n sa~d pro~r,issory ~ote a~d th~s mortgage set forth.
9. That in the event the owne.sh~p of the nwrrgaged premises, or any parf thereof, becomes vested in a pe~so~ olher than the MORTGAGL'R, the ~
."~RIGAGEE, its wccessors ar.d ass~gns, may, ,v~tnout no~~ce to the MORTGApR, deal wnh wch suctessor or svccessor in ~nterest w~th ~eference to th~s ~
_~gaye and the d_ut hereby setured in the same manr,er as with 1.1o.tgago. wrthp~t in any way vit:~ting or dacharqfng the fdortqagors' ~iability here- ~
- d_~ or upon the dcbt herebl seu~~ed. No sa:e of t}ie prem.ises hereby moitgaged and no forbearance on the part ot ~he /JIORTGAGEE or its svccessors j
o• ass;gns and no extension ol the tu,~c ior the paymem of the de6t h~reby set~red given by Ihe MORTGAGFE o~ its sutcessorS Or aasigni, s~~atl operate
ro re'ease, d:scharge, modify change or affect the orig~nat Gab~t~ry of the MORIGAGOR here~rt, e;ther in whoie or in part.
' i0. It is specf~caNy agreed that tirne is of the esse»ce of this contract and fhaf no waiver of any obLgat~on hereunder or of the obligation se-
c~ red hereby sha!~ at any tirne thereafter be hetd to be a waiver of the terms hereof w of the instr~ment se.ured herby.
't, 11. In a;i~:~!o-~ !o th~ fcrege~ng •ncntn~y paym~ms of p.inc~pai and iMerest requ~red by the prom~~sscry ro'e scwred hcreb;, mortgagor eOVCnanls
agrres to ;;ay to mo-tgayee m~th racn mon?h!y pari,~ent an add~rional sum esr-:r a~ed by mortg3gee to be eqvai to i 12 oS t~1e annual cost of the fo~low- ~
' !
i j
` A-All real property raxes le•:i~d or ass~ssrd agai•~st th~ above descr;5ed real estate.
i
't B Pr~n,:u:-,s on 1~re and .v;ndsrorm ~ns~rarce as nere~n requ;red to be car,ied on the improveme~ts s~tuate on the above d^scrfbed premises.
! C-Premfun•s on svch mortg;ge guaranty ir.wrar,ce as morrgagee shall from r[me fo time deem f~t to cany on fhe loan secured hereby.
; Mortg3gee v,a!! .'.cm n;ne to ne~e noe~(y mcrtgagor ~n w.iring of the amou~t due and payable he~eundar and such suv, shafi thereupon be due and
j ..ab!e on th~ due d~re oi ~he nex~ monthiy paym~r,t and each success~ve month thereaft~r ur.ril mcrtqagee shall not~fy mortgagor of a change in wch
^unt. $uch sums sha l t;e aN~::icd by morrgagee roward the payment of real p~operry laaes, inwra:xe prem:ums, and mortga e guaranty inzurance
. 'C'~`.iumi.
i IN ~'~ITP~ESS '::H~REOF, tne said MORTGAGOR has hereu:ito set his hand and snal the day ar.d year first aforesaid.
- Signed, Sealed and detivered in the presence of: `f'
Ec1wa rd F. Ml 1 «a~
,
. (Seaq
- ~7 (Seap •
. Ma rian M. Dil ~~a~~
S"ATE Of FLORIDA ~
St. Lucie u~
~~ur~tY oF ~
Before me personalty appeared Edward F. Mlll ~~d t
Ma rian M• Mll~. his wi~e, to me we11 known and known to me to be
ind~viduals d^scribed in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes
, therein expresseti_ And tne :a~a__ _ Ma rian r~~ Mll l
r::fe of the sa~a _ Ec~ra rd F. T~111 upon a srpacate and private
e.am:nat~on by me taken separate and apa~t from 6er sa+d husband, atknowledged to and beforo me fhat she executed said instrurnent ireely and vo'~un-
rar~iy a~d w~rho~t any co:r.pulsro~, constraint, appreh/e~ns~o~~~, ~r fear of or from her said husband.
WITiJESS my hand and offic;al seal this__.~2~5 day of rll A. D. 19 72
` ,
Notary PubGc en and (or t State of Fbrida at targe
My Commission expires: ~E~
Return To: ~
First F~deral Savings d. loan Associat~on ~ ~
~ . ~j'j
~ ~ ~
Of Fort P,erce. ` : .
fort P~_rce. Hcr~da ~ ~ ~ v "
~ :p'
. ~ p ~ ;
i LEO ANU RECpROEO O Q a; i
i~.lU41E COI~N?r FLA. ~ Z Q; t~~'`
T his Instrument Pre pare d B y R i ch a rd k. Ka y e s ROC E~ POITRA S ~
First Federal Savings & Loan Association CIERK C~RCUIT COURT ~ V~
of Fort Pierce ~ Florida R E C a R d Y E P. i F 1 E 0~~ ~ S j~
Checked By ~ ~ l~ ~ ~1~ •
oa 2266~0 ~
BOOK 200 PACt2998 ~ `
d - ; r•" t
T _ . . . - - ~ ' - - - _ j ~
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