HomeMy WebLinkAbout1093 To plau u?d continuo~sly kt~p on tlw 6uildirps now w h~+eaftK u~wt~ on sald I~nd and on ali equiprn~nt ud pKwnally cova~d by ~his ma
~p~, with all pr~miwm ~I+~reon pa~d 'a~ (u~l, fi~~ i~uruu~ in tFw ~wal ~urdud poliEy fwm, i~ a sum approv~d by ~M MORiGAGEE. a~d windi~o
inwrann in tM usual stuxi+.d pol~cy form~, in a swn ~pprov~d by tM MORTGAGEE, in wch tanpanY o~ comW^i~+ ~s th~ MORTGAGEE n+
dincti ~nd ~U fir~ a~ windi~orm inwranp policiss on ~ny of said buildinpa, any inttrq~ thK~in w put thsnot, in tM apyrpatt tw~+ ~faesaid
In ~ao~as ~her~of. sM~l contain th~ uiwl s~u+dxd mort9a~N claus~ w such o~Mr clws~ N tM Matpa9N ma~ rpuK~. makinp tM toss vnder ~a~d Pc
ci~s, each and ~v~ry. paYable ro said MORTGAGEE u its in~aest may ~pp~ar. and ~ach and tve?y s~c1? policy ~hatl b~ promptly au:pned and d~teve~td i
•ny Mld by iaid MORTGAGEE as futtha set~rity 1o s~id mortg~ dteW. +nd. not ~ess than ~~n (10) days In ~dva~ce of ~he ~xpiratlon of each policy, 1o d~
liw~ ro ~aid MORTGAGEE ~ r~newal tM.wf, tope~he~ with • fK~ipt to. the prem~w++ of wch renewalJ and ~he~~ shall b~ no f~re w winds~am inwranc
pl~cad on uiy of s+id buildirqi, ~ny i~t~rest iiw~in or put thereof, unleu in tFN form ud with tl+~ loss p~yabl~ u aiw~iaid; snd tn tM evsnt ~ny sun
of mon~y bacan~s pay~bl~ u~d~r such policy or Po~Kiss s+id MORTGAGEE shall h~w ths option ro receive snd spply th~ sanK on +ccount of tht ind~bted
neu secvr~d hNeby w ro permit s~id MORTGAGORS to rec~iw u~d ~N it w a~y pa~t therwf ior onc~r purposes. wilhout lhareo/ waiving w~mpair
inp any puiy, lien or ri9ht w+de~ or by virtw of Ihis mortpayej snd i~? tM tvent ~aid MORTGAGORS shall fw ~ny reawn fail to keep the s+id premaes so
insured, or fail w d~live? promptly any of said policies of inwr~nu ro s+id MORTGAGEE, or fail promptly ro pay fully any premium therefw w in any
respec~ (ail b pMfo~my dixharqe, execure, effM, compkte, comply with and ~bid~ by th~s covenant, a sny pa~t hereof, said INaRTGAGEE m+y plue and
paY fw wd+ ienwanc~ w ~ny pu1 thereof without w~ivin~ w affectinp u~y optio~. Ilen. equity, or riph~ under w by virtue of this Matys~e, and the
full amo~nt of esch and ewry svch payme~t shall be immedissclp 1~ =r~ ,
syabb ~nd shall bear interest frwn ths dat~ thereof ~ntil paid at the rate ot
niM per CMtum p0~ annum and toge~her with such intaes~ shall bs secvred by tM lien of this mat~e.
1. To permif, commit w wffer no waste, impsirment or deterioation of qid propaty or u?y pa?t thereof.
5. To paY +11 and sin~ular the costs, cMr~es ~nd expenses. irxludinq a ~easor++ble attorney i fee and costs of absuacts of title, ir~~red or p~id al
any time by ssid MORTGAGfE, becavse o~ in the event of the failure on the part of ths said NIORTGAGOR to duly, pramptly a~d fully perform, dixhargR
execute, e(fect, complete, comply with ud ab:de by each and every the itipvlations, agreements, conditions, and covenants of s+id promissory rate and this
mortg~e ~Mr or e~the~. and sa~d costs cMrges and expenses, each and every, sh~ll be immediately due and payable: whetFKr or not there be ~otice da
ms~?d, ~ttempt to coltect w wit peod~ngt and the full amount of e~ch snd tvery uxh paymeM shall ixar interest from the date thereof until p~id at the
ra~e of nine per centum per an~wm; and all said costs, chargei and expenses incurted w paid, together with wch interest, shall be sewred by the lien of thw
mortyaps. ~
6. That (a) in the event of any breach of this Matgsge w default on the part of the MORTGAGOR, w(b) i~ the event any of said sums of money
herein reterred /o be not promptly and fully paid within thirty (30) days next after the same severalty become due and payabk, without demand or noi~ce,
or W in the ewnt cach ~nd every the stipvlations, agreements, condirio.n and coven~nn of sa~d prom~ssory note and fh~s mortpape a~y w ci~her ~re not
iuly, prompNy and fully performed, discharged, executad, effMed, completed, complied with a~ abided by, tF+en in either or any such eveM ths said a~
gregsro wm mentioned in said promissory rate then remaining unpaid, with interest acu~ed, and all moneys secured hereby, sh~ll become dut and pay-
able fathwith, w theresite~, at the option of said MORTGAGEE, ss fully and compktely as if a{) of ~he said wms of naney were aiginally stipulated
to be paid on such day, anything in said promissory note w in this Matgage to the' contrary notwithstanding; and thereupon w thereafter st the op?ion of
said MORTGAGEE, without notice a dcmand, wit at law or in equity fIllfQFOfQ Of tIKfN~tN begun, may be prosecuted as if ~II moneys secured hareby
had ma~ored prior to ib irutitution.
7. That io the event thst ~t the beginnirg of or at any Y~me pendirg any suit upon this Mo.tgage, or ro faectose N, or to ~eform it, w to enfwce
payment of any claims he?eunder, said MpRTGAGEE s~all apply to the Court having jurisd~dion thereof fw the appointmenl of • Receiver, such CouA shsll
forfhwith appoint a receiver of said mwtgaged property all and singular, inciud~ng all and singular the income, profib, issues and revenues i:om whatever
source derived, each ~nd every of wh~ch, it beiog exp?euly understood. is hereby mortgaged ss if specifically set fwth ~nd destribed in the grantirg and
habeadwn tlauses hereof, and such Receiver shall h~ve ~II the broad and effective funct~ons and powers in arrywise entrusted by a Co~rt to a Receiver, and
wch appoiMment shall be made by wch Court as an admitted equiry snd a matter of absolute r'~ght to said MORTGAGEE, ind without refere~ce to the
edequscy or inadequacy of the wlue of the properry mwtgaged or to rhe sonrency or inwlvency of said MORTGAGOR w the defendaots, and that such
renn, profin, income, iuves and reve~ues shall be appiied by such Receiver according to the Iien w equity of said MORTGAGEE and the practice of such
Covrt. . •
8. To dvly, promptly and fully perform, diuharge, execute, effect, complete, comply with and abide by each a~d every the stipulations, sgreemenb,
conditions and covenants in said promissory rate and this mwtgage set fath.
9. Thaf in the eveM the ownerohip of the mortgaged premises~ a any psrf thereof, becorrKS vested in a person other fhan the AAORTGAGOR, fhe
MORTGAGEE, its svctessors ud auigns, may, without notice to the MORTGAOR, deal with such wccessor o~ successw in iMaest with reference to thia
mo.tgsge and the debt htreby securei! in the tame manncr as with Mortgagor without in any way vitiating w discharg'xg the Mortyagors' li~bi{ity FKra
under w upon the debt hereby secured. No iale of fhe premises hereby mortgaged end no fwbearance on the pan of ~he MORTGAGEE or iri svocessors
or auigns and no extension of tF?e time fw the payment of the debt hereby secvred. g7ven by the MORTGAGEE or its svcteuors or auigns, shall operate
?o rekase, dixhsrge, modify cl»nge or affect the wiginal liability of the MORTGAGOR !_w.e~ ed~her in whole w 1n part.
10. h is specifically agreed that time is of the essence of this contrsct and that no waiver of any obligation here~nder w oi tM obligatwo se-
cured hereby shsll st any time thereafter be held to be s waiver of the terms hereof w of the instrument secured Fxvby. -
11. In addition to the forego:ng monthly payments of princ"pal and inte~est required by the promissory rate secured hereby, mortgagor covenants
and agrees to pay to mortga9ee with esch mo~thly payrnent an addiiionsl swn estimafed by mwtgagee to be equal to 1/12 of the annual cost of the follow-
ing:
A-/UI real property tsxes kvied or assessed agai~st the above described re~l esrata
B-Premiums on fire and windstwm insurance as herein required to be urried w? the improvements sit~ate on tF+e above desaibed premises.
C-Premiums on such morigage guaranty insurar~ce as mortgsgee shall from time to time deem fit to carry on the loan secured hereby.
~ Mortgagee shaH from time to time notify mortgagor in writing of the amount due and payable hereundrr and such sum shall ther~upon be due and
Fayable on the due da~e of the next monthly payment and each svccessive month thereafter ur.til mortgagee shall notify mortgagw of a change in wch
~ amouM. Such sums shall be applied by mortgagee toward the paymtnf of real property taxes, inwrance prem:ums, and mortgage guaranty inwrance
premiums. •
~ IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ~
Signed, Se~kd and delivered in the presence of:
n
J s L Robezts Jr. q
~
~
STATE OF FLORIDA ~
COUNTY Of $t. L11C1Q ~
Before me parsonally appeared Jame s L Robe t t 5 ~ J2 and
M~V Yvonne Roberts his wife, to me well known and known to me to be
the individwis described in and wFw executed the foteyoirg imtrument, and acknow{edyed beforc rt?e that they exewted the same for the purposes
~h~,e„, exP,~ss~d. a,d r~e Nl~y Yvonne Roberts _
w~r~ or rhe ssid James L Roberts ~ Jr ~Pon .,epawre .~d prrv•a
exami~ation by me taken separate and apart from her said husband, adu~owledged to and befors rn~ that she ezecuted said insirument freely and volw?
rarily ud without any compulsion, constraint, appre i`, or feu of or from i~er wid husba .
~ WITNESS my hand and official seal t' d~y of A. D. 1~?~
~ ~ ' '
~ Notsry ubl'~c in ~nd for tha ts F i"~ ~
My Commissan expires: c
Retum To: '~`y . ^
' '
Firtt Federal Savings 3 loso Association ~ - V. tr~- ;
Of Fort P~erce. V~~•=~ _~l : C :
Forf Pierte, Fbrida f LEO Ap0 RECORp~~ E~ 'L~ ,~``L-~,"~~
3~. WCIE COUNTY Pl~. 's : ~ : , °
ROCER POITRAS y ~ ~ a ~
CLERK CIRCUIT COURT } :.Q : ;t~`?~
RECORO VE~tFtEO~ . . ;~''i•;:;: -`s.'' ~
i
This Instrument Prepared By - '
First Federa) Savin s b Loan Association f r~*
9 Ant I+I I I ie AM 11 . c~`„fi
of Fort Pierce - - -
Checked ey -r.r~ 2~4'~ 800K~V~ PACE~~~
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