HomeMy WebLinkAbout1223 TO PIKf ~nd continuously kesp on th~ bv~ld~npi now a hereattN siw~a on sa~d land and on all cquip,+en~ and penonaUy covered by thi~ ma
ay~, w~th d) premium~ thcreon pa~d [n lull, t~re insuranc~ in th~ usuat s~andKd policy fwm, in a iu~n ~pwor~d b~ th~ MOR~GAGEE, and windito
insu~anc~ in th~ uswl i~andard pol.q fam, i~ a wm app~oved by th~ MORTGAGEE, i~ wch company a compan~a a th~ MORTGAGEE in
d~rect; ~nd ~tl (iro ~nd w~nJs~orm insurann policis~ on ~~y ot sa7d buiFdif~f, ~rly klif~bt tl~Nfin M p~~t IIIl~M~, tn tM pqreyate wm ata~said
in ~xcesi thereol. ihaU contai~ th~ usual stu~da.d ma~~a~ cli~s~ a ~uch otMr claose u tM MortqaflN may rtq~~r~. ma?inp ~M los~ undN sasd po
c+es, each and every, payabl~ w a~d MORTGAGEE at ~ts in~crest may ap~»a~, and cach and ~ve~y s~ch poi~cy ~MII b~ promptly a~~ 9ncd and detivared ~
•~y held 6y said MORiGAGEE as further security to ~id mort9ag~ d~bt, and, oot ku than ~~n (10) dirs in advance of the ~:piration of each policy, to d~
f;ver to laid MORTGAGEE a renewal tfiereof, ~ope~ha with • receipl fw the premium of tuch renewal; and the~~ thall be no f~r• w windstofm iniurant
plat~d on a~y of said bvildings, ~ny intere~t therein or p~rt thereof, unless in the fam ~nd with IM lass payable as atoreuid; and in tF~ avent any tun
of money be~vnes payable vnde~ such policy a pol~cie~ uid MORTGAGEE shall have ~he option to receive and apply ths same on acco~nl of the irxiebted
neis secured F?~reby w ro pcrmit said MORTGAGORS to receive and use it o? a~y part thereol fo~ osi,c~ pu~poses, w~tho~t th~r~b~ waiv~•i3 or m~pair~
ing any equ~ty, lien or right under or by virt~e ot this mo:tgage; and in the svent iaid MOATGAGORS ahall iw s~y reason fail to keep the wid premi:es w
insured, o~ fail to delive~ prompfly any of said policies of insur~nte 1o said MORTGAGEE, a fail promptly to pay futly any premium thtrefw a in any
resped fai) ro perfam, discharge, execute, eNect, complete, comply with ~nd abide by this cove~anl, w r~y part hereof, aaid MORTGAGEE may pl~ce and
pay fw such inwrance or any pan thereof witAout waiving w affettin~ ~ny aptiay lien, equ~ty, ot righl und~r w by virtue of lhis Matyage, and the
f~ll amouM of each and every suth paymeM shall be immediatety due a~d psyabls and shall be~r iroerest from the date thereof umil paid at the raM of
nine per ce~tum per annum and tpgether with suth interear shall be securtd by the lien of tAis mottysge.
1. To permit, commit a suffer no waste impairment w deteraration of said property ot any put thereof. ~
5. To pay aU and singul~r the coats, charges and expenses, including s rcasonable sttwney's fce a~d wsts of abatracts of title, i~curred o~ paid at
any time by said MORTGAGfE, because o~ in the event of the failure o~ ths part of the said MORTGAGOR to duty, p?omptly and fully pe~form, diuha~ge
execute, etfect, comptere, compfy with and ab:de by each and every ?he stipulations, sgreemenrs, condit~ons, and cove~ants of said prom~uory note and ~his
morrgage any w e~ther, and said cosb, charges and oxpenses, each and every, shall be immediately due a~d payabfe; whethc~ p not there be notice de
mand, attempt to collect w wit ptnding; and the fult amount of each and every svch payment shal! beas interesl from the date lhereof until paid a1 the
r~te of nine per centum per a~~ium; and all said costs, charges and expenses incurred w paid, together w~th svch imerest, shall be secured by the lien of thu
mortgage.
b. That (a) in the event of any breach of this Mortgage w defautt on tM part of the MORTGAGOR, or (bj en the event any of said sums of rnoney
herein refevred to be not promptly and fully paid within thiny (30) daya next afte~ the same uveratly become due and payable, without demand or ~otice.
or (c) in the event eacFi and every the stiputations, sgreements, conditions and coverHnts of sa;d p?omissory note and th~s mwlgage any q either are nol
~~ly, promptty and fuity performed, d~uharged, execured, effected, completed, complied with and abided 5y, then i~ eifher or any such ewM the said ag
gregate wm mentioned in said promissory note then remaining u~paid, with interest acvued, and all moneys secured hereby, shall betome due and pay~
able fcuthwith, a thereafter, at the option of said MORTGAGEE, as fvlly and completety as if all of the said sums of moruy were wginally st~pulated
to be pa;d on such day, anything in said promissory note w in this Mortgage to the cuntrary notwithstanding; and thereupon w thereahe~ at the option of
sa~d MORTCaAGEE, without notice or demand, suit at law w in equity, thereforc w thereafter begun, may be proscc~ted ~s if all rt~a~eys setured hereby
had matured pnor fo ifs institution. .
7. That in the event that at the begin~ing of w at any fime pending any suit upon this Matgage, or to fweclose it, or to reform it, or to enforce
payrrKnt of any claims hereunder, said MORTGAGEE shall apply to the Court hsving jwisd~aion thereof for the appo~ntment of a Receiver, such toun shalt
iorthwith appoiM a receiver of said mwtgaged property all and singula~, intlud~ng all and singular the income, profits, iu~es and revenues from whatever
source derived, each and every of wh~ch, it beirg expreuly unders~ood, is hereby mort9aged as if speufically xl fwth and described in the granting and
habendum clauxs hereof, and such Receiver shall heve all the Exoad and effectire funcrions and powers in anywise eritrusted by a Court b a Reteiver, and
such appoinfinent shall be made by such Court aa an admitted equity and a matter of absolute right to said MORTGAGEE, and without refgrence to the
adequacy w inadequacy of the value. of the property mortgaged or to the wivcrxy or ~nsolvency of said MORiGAGOR p the defe~dants, a~d that such
rems, proiin, income, iuues and revenues shall be applied by sucl~ Receiver atcording to the lien w equity of wid ~IWRTGAGEE and the practice of such ~
Court.
ti
8. To duly, promptly and fully perfwm, discharge, execute, effed, complete, comply with and abide by each and every the stipulatiwu, agreements, ~
conditions and covenan~s in said promissory note and this mwtgage set forth.
9. ?hat in the event the ownership of !he mwtgaged premises, or any part thereof, becomes vested in a person other fhan the MORTGAGOR, the
MORTGAGEE, its succeuo~s and assi jru, may, wifhout notice to the MORTGAOR, deal wieh such succeuor or sutcessor in interest with reierence to this
mortgage and the debt hereby secured in the same manner as with IUtostgagor without in any way vitiating a d~xha~ging the Mortgagors' (iability hert •
under w upon tF~e debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part o1 the MORTGAGEE w its successors
or assgns and no extension of the time fw fhe payment of the debt hereby secured given by the MORTGAGEE or its suctessots or auigns, shaH operate
to release, discharge, modify cha~ge a affecr the w;ginal liability of the MORTGAGOR herein, either in whole or in part.
10. It is specif;ca~Iy agreed that time is of the essence of this contract and that ~o waiver of any obtigatan hereunder p of fhe obl'gaYan se-
cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the inst:umem secured he?by. _
11. In add~tio~ to the fwego:ng month!y payments of princ'pal and interest required by the promissory no!e secured hereby, mortgagor covenanis
and agrees to pay 1o mortgagee wi~h each monrhly paymeN an addir'wnal sum estimated by rtw?tgsgee to be equal to 1/12 of the annual cost of the follow-
ing:
A-All real property taxes levied or assessad agai~st thc above described real estate. .
B-Premiums on fire and wiadstwm Gnsurance as herein ~equ~red to be carricd on fhe improreme~ts situate on tF~e sbove described premises.
G-Premiums on such mongage guaranty insurarce as mortgagee shall from t~me to time deem fit to carry on the ban secured heredy.
1Nortgagee shail from time to time notify mortgagor in writing of the amount due and payable hereunder a~d such sum shall thereupon be due a~d
F ayable on the due date of the next month!y payment and eath successive month thereafter ur.tit mortgagee shall notify mortgagor of a cha~ge in svch
a^~ount. Such suma eF.all be applied by mortgagee toward the payment of real property taxes, insurance prem;ums, a~x! mortgage guaranty insurance
p rem iums- . ~
IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and ar first aforesaid.
Signed, Sealed and delivered in the paesence of:
r , . ' ~y Sea~
lSeaO
' u_ ~y -~SeaD
{ ~ OZ • i ! SesO
C
STATE OF FLORlDA ~
COUNTY OF St • LYCi!
~
E
f Befwe me personalty appeared _~rOS? Bl118?~? and
f ~Orls L'• ~lll~y his wife, to me well krawn a~d known to me to be
f the individuals described in and who executed the fuegoing instr~ment, and acknowledged befwe me tFwt they executed the same for the pwposes
j therei~ e:preued. And the sai~ ~r~s L_ Bl11,~V
w~fe of the said 1~1'o~,_R~~~~v vpon a xparate and privste
examinatio~ by me taken separate arxl apart f~om her said husband, ackrwvvledged to and befwe me that ihe executed said instrurtxM freely a~d volurr
ra~~ly and w+thout any compulsiw~, constraint, apprehension, or fesr of or from her wid hus _
WITNESS my hand and official seal this day of A D. 19
~ ,
' Notary Public in ~nd fw t tate~of id~ af l
My Commission expires: y? ~ ~ . -
/ / ,
Return To: . ~ . ,,,t
.
First Federal Savings d. loan Association ~
R~~~e ~ ,JV~~ '
T, ~ ~w '
Of Fort P~erce. ~~E~ ~ ~ _ ~ '
! Fort Pierce, Florida ~fRK ~I~~~ : ` _ •_Q • ~ =
` ~tECOeO Y~a~F~EO _ •,3 yY ~ , v,. ; ~ -
% ~ , r ~ Y, : \
~ ~rat il . . ~ r .
,
iZ i~ PH . ^
71 ' .
~ This Instrument Prepared By Ricbard K. Kay~ls ~
~ First Federal Savings 8 Loan Association T'~~? ~t
E ~ of Fort Pierce ~ Rlorida • ~1~~~~~~~~ ~
r ~531
j Checked By ~
I ~
{
~ 50~c ~.+Vl P116f 1~,~.~.,i .
~ ~ ~ ~ 1
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