HomeMy WebLinkAbout1227 J. To pi~c~ ar.J conrin~o~sly kcep on ~he bui!d~nps now or he«aftN aitw~~ a? sa~d I~nd and on ~11 equip~.knt u+d pasa+ally tcva~d by this n~p
age, w~eh dl p.em~wni ~he~eon pa~d ~n fu11, f~ra i~s~ranc~ in ~hs u~wl sardud po~Ky form, in • ium approwd by rhe MOR~GAGEE, and w~ndito
~n~w~ tM usu~l t+ar+da.d pot,cy fam, i~ a tum approred by tM MORTGAGEE, in t~ch company a compaNa as tl+~ MORTGAGEE m
d~reuj and all (~r~ and w~nd~arm iniu,ancs polK~ei oa ~ny of said build~np~, ~r?y inter~sl therein a part therao(, in ~Fw aqqrepu~ sum ~foreuid
in ~xtess thereof, tMll conuin ths usual s~andard ma~8a9e~ tfauts or tuch otM~ ctaus~ as tM Malpapet may requ~n, ma~ieq the Ios~ unde~ ~~~d po
c~es, eac!? and every, payabl~ to sa~d MORTGAGEE ai its interest may appea~, ~nd each and evcry s~cA poiicy sMll be promptly ~u 9ned and deiivered i
any held by »Mi MORiGAGEE as (urthe~ secur~ty ~o uid mort9aga debt, and, not I~s~ IMn ~en (101 days in advarxe of tM expiration of each policy, fo ck
live~ to aid MORiGAGEE a rtnewal therrof, foqetMr with a~ece~pl fa the pr~mium of s~ch renewal; ~nd there shall b~ tw fite or windttor~n i~surant
pl~ced on ~ny of sa~d build~ngi. sny intcrest the~ein a part thereof, unleu in tfit fam and with 1M {oss payable as +(oresaid: and in ths event any sun
of mw~ey becemea payable unda wch polity w policies taid MORiGAGEE shall luve ths option to recaive and ~pply tM same on accounl oi the indeb~ad
ness setuwed hereby a/o permit said MQRTGAGORS lo receive and us~ it Or any put thereol for othcr pu~posrs, witho~t fh~rcoi wai~in~ or unpair
~~+g a+~y puity, lier~ w right undcr w by virtw of Ihis mo:!gage; and iff 1F1Q fVlnf N~d MORTGAGORS shall fw any reason. iail fo ~keep the taid premises w
in:ured, or fai) fo delivei pomplly any oi ssid policies of insursnce ~o said MORTGAGEE, d(ail promptly lo pay fully any pre~nium therelw w in ~ny
reipect fail b perform, discharge, execute, effec~, complete, comply with and +bida by Ihia covenant, w ~ny parl hereof, said MORiGAGEE may place and
paY fw such insurance u~ny part thereof without waivinp or affectirg any opfion, lien, equiry, w r~gM vnder a by ~~.tue of this Ma~gsge. and the
full amount of each and every such payme++t shall be immedi~tely due and piyable and shall bear interest from tho dste thereof until paid at the ~ate ol
n~ne pe+ centum per annum and together with tuch inrerest shalt be secu~ed by the lien of this mortgage. }
To permit, tortunit or suffer no wasle, impairment or deterioretion of iaid propeaty o~ any psrf thereof.
5. To pay att and sing~tu the cosrs, charge~ ar+d expense~, including a reasonable attorney's fee and costs of abstrscts of titte, ;ncurred or paid at
any time by said MORTGAGfE, because w in the event of the failure on tl+c paA of the said MORiGAGOR ~o duly, promptly and fully pe~form, d~xharge,
e=ecute, effM, complete, comply with and ab:de by each and evHy the stipulations, ag~eements, conditions, and covenann of said promissory note snd this
mortgsgs any q either, and said cosb, charges and e:penses, each and every, shall be immediatety due and payable; whNher w not there be notice ck
mand, sttempt to coltKt pr svit pend~ng; and the full amouM of each and every such paymem shall bear interest from the date thereof un?il psid s1 the
.,re of nine per cenrum pcv annum; and all said costs, cFwrgrs and expznses incu~red or paid, toge~her with such interest, shall be secu~ed by the lien of thw
mortgage.
6. That (a) in the evenl of any breach of this Mwtgage or defaull on the part of the MORTGAGOR, w(b) i~ the event any of se~d swns of money ~
herein referred to be not promptfy and fvlly paid within thirty (3p) days next after the same uverally become due snd payable, without demand w notice,
or i~ the event each and every the stiputations, sgrecments, conditions a~d covenanta of sa:d promissory note and th~s mortgage any o? e~ther are ~wo1
~uly, promptly and fully ~vformed, d~scharged, executed, effected, compkted, complied with and abided by, ?hen in e;1he? w any such eveM the said a¢
gregate sum memaned in said p~omiuory note then remsining ~npaid, with intc~esl accrued, and all moneys secvred hereby, sfiall become due and pay-
able fwthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if a~l of the said sums of money were aiginally tt~putated
to be paid on such day, anything in sa+d prom;ssory note a in this Mortgage to the contrary notwithstanding; and thereupon w thereafter at tF~e option of
said MORTGAGEE, without notice or demartd, suit at law w in equity, the~efwe a thereafter begun, may be prosecuted u if all rtaneys setured hereby
had matwed p~~or to its institution_
7. That in the event that at the beginnirg of or at a~y tFme pcndi.+g any su~t upon this Mortgage, w to fweclose it, w to refo?m it, w ro enforce
payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdidion ~hereof for the appointment of s Receiver, such Cou?t shal(
forfhwith appoint a receiver of said mortgaged property alt and singuiar, inc.~.,::~ :y a~t and singv?ar the irtcome, piofits, iuves and revenues from whatever
sou,ce derived, each and every of which, it being exptessly underslood, is hereby mortgaged as if spetifically iet forth and desUibed in IF?0 granting and
hat>endum cla~ses hereof, and such Receiver shall have all the broad and effective fund~ons and powers in anywiu eMrusted by a Court ro a Receiver, and
s~ch appoinrment shall be made by such Court as an admitted equify and a matter of absolute right to said MORTGAGEE, an~ without refererxe to the
adequacy or inadequacy of the value of the property mwtgaged or to the sowency w insolverxy of said MORTGAGOR w the defendants, and ~hat such
renfs, profits, IMQM, iu~xs and ~evenues stiall be applied by such Receiver accwding to fhe lien or eqvity ot said MQRTGAGEE and the practice of such
COUl1.
8. To dvly, promptly and fully perform, diuharge, execute, effect, complete, comply with a~d abide by each and every ihe stipulations, agreements,
condiYwrts and covenants in sa,d promisswy note and this mwtgage set fwth.
9_ That in the evem tF~e ownenhip of the mortgaqed premises, w any part thereof, becomes vested in a perwn other than the MORTGAGOR, the
MORTGAGEE, its successon and assigns, may, wi~hout norice to the MORTGAOR, deal with such successw or sutcessor in interest with reference to this i
mo~tgage and the debt hereby secured in the ssme ma~net as with Mo~tgaga without in any way vitiaiing or discharging the Mortgagors' liability F~ere- ~
und~r or upoo the drbt hereby secured. No sale of tlx Fremixs hereby mortgaged and no fwbearance on the part of the MORTGAGEE or its successon
or assigns and no extensio~ of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors w assigns, atia(1 operate
ro release, d~scharge, modify change a affect the origioal liabil~ty of tix MORTGAGOR he~e7n, ei~her in whole w in part.
T0. it is spec~ficatly agreed that time is of the euence of this contract and that no waiver of any obligaYron hereunder or of the obligaYwn se-
cured hereby shall a~ any time thereafte~ be held ro be a waiver of the terms hereof a of the instrumeM secured herby.
11. In add~tio~ to the forego:ng monthly payments of princ"pal and interest required by the promissory note secured hereby, mortgagor tovenanfs {
and agrees to pay to mo:tgagee with each monthfy payrnent an addirional sum estima~ed by mortgagee to be equal to 1/12 of the annual cost of the foflow-
ing: i
A-AU real p?operty taxxs lev~e~' w assessed against the above described real estate.
B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improvements situate on the above described premises.
C-Premiums on sxh mortgage guaranty insurarce as .mortgagee sF+all from time to time deem fit to carry on the loan secured hereby.
Mo?tgagee shal! from time to time notiFy mo?tgagor i~ writing of the amount due and payable hereunder and such sum shall thereupon be due and
Fayable on the due date of the next monthly payment and each successive month thereafter ur,til mortgagee shall notify mortgagor of a change in such
amount. $uch sums shati be appiied by mortgagee toward the payment of rea! pioperty taxas, insurance prem;ums, and mongage guaranty insurance
p~emiums. .
i
IN \YITNE55 Y~HEREOf, the said MORTGAGOR has hereu~to set his hand and se the day .and ear first afwesaid. ~
Signed, Seafed and detivered in the presence of:
f) LEO ~NQ RECORDE ~
ST.lUC1[ COUNTY F rtrand C. M~ ls a
R06f R PO~TRAS ,q
CLERK Ci.'.vUtt COURT t I~ ~ o ~~l 1l S~rsean
RECORD vEa~FtEO ~r~or E. Mills
(Seatj
STATE OF ftORIDA ~'T IZ 1~ PM ~~Z .
I ~o~~ oF _ st. Lucie ~ 22'7533
~
~ Before me personally sppeared Bertrand C~ M~~.IS s~
; Mar iorie j?'~].~ZS his wefe, to me well known and known to me to be
i the individusls described in and who executed the fwegoi instrument, ~nd acknowledged before me that they executed the aartK for the purposes
therein expreased. And the sa'~d- ~Y~OY].Q ~~118
w~fe of the said BertYand C. M~ZLS upoo a xparate and private
examinaYwn by me taken stparate and apart f~om her said husbsnd, atknowledged ro and before me that she executed said imtrument fteely and volun-
rarily and withart any compulsion, constraint, apprehensipp,~fear of w from her said husband.
WIiNESS my hand and officeal aeal this ~J~~
_ ~Y day of A. D. 192~
Notary lic in and for the ate of F~prids ~t Larpe
My C miuan expires: G~ /9 7„L
Return Tw
First federal Savings ~ loan Associat~on NOTARY PUBUC STATE OF FLORIDA AT LJ1f~
Of Fort P~erce. " MY COMMISSION EX~"^'= AU(i. 6, 1975
Fort P~erce, Fra~da - , OENERAL IN8URANCE UNDERWRITERS, INCr
; '
( This Instrument P~epared By B• B~a~ ; ~
; F+rst Fe.-~eral Savings b Loan Association .
~ • of Fort Pierce ~ Florida 33~54 '
; Checked By~._ " • - "
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