HomeMy WebLinkAbout0691 3. To place ~nd continuousty ke~p on the buildipgs now o~ Mreafter uw+t~ on said Isnd and on all equipment ~nd p~?wn~lly cov~r~d by thii mor
+y~, wilh •II prtmiums thereon paid in tull, ti~e insur~~c~ in ths usuat :randard polity fam, 1n a sum apprortd by tM MORiGAGEE, ~nd windsto '
~~~i~:.:;,ca in it~ ui::il ii-s::3a:d r:!:.~ s~^+; i++ a e~~n e~+rpved 6y tM MORTCsAGEE, In sueh tompanY q tompanits at th~ MORTGAGEE m
dintit and al) fire and windsto~m ins~rantt policies on any of wid buiWinas. ~ny tnte?~ii iht«in or psrt thcreof, in tM a~rtqatt a~m afatsaid
in ~xc~ss thereof. shall contsin tM usw! s~andard mortg~e~ clws~ a such od+K cl~~s~ u th~ Ma~yaqee may rpu~n, makinp d» losi under u~d po
cies, ~ach and ew.y, pay+bl. ro ~aid MORTGAGEE as its in~e~ett m~y ~pp~ai, and each u+d ~very wch policy sMfl b~ promptly ui:yned ar~d d~tivered ~
~ny held by wid MORTGAGEE ~s furyhe~ secv~ity to s~7d mo.rya~e debt. and, no~ kss tlwn tM (10) days in ~dvanc~ of th~ expl~ation of ~ach polity, ~o d~
liw~ fo seid 1MpRTGAGEE • rt~tw~l th~~~of, toptthK with ~ reteipt fa tM p~rnivm of tuth renewal; and Iher~ shall b~ no fire a windstam ir?turant
plactd on ~ny of said 6uildi~s, any inferest tMrei~ or part thereof, untea in tM fam ~nd with th~ ioss payabl~ as afw~saidj and 1n N+~ ev~n1 ~ny sun
of money becpnes payaWs w+dcr ~uth policy or policias said MORTGAGEE shall haw tM option ro reteive and apply tM s+nN o~ ~tcou~~ of tM indtbted
~+eu tecured hsreby a ro permit said MORTGAGORS ~o receive and us~ tt or aiy pa:t the:eoi f~ e:!~^_! ~.;wsFS; .,et~he+.t ~h..•b~ waiving w unpair•
~n~ any puity, li~n or right vnde~ a by virtus of this morl9a~e: and in tM event said AAQRTGAGpRS :F?all iw sny reason fail to keep t!N s~id premiset so
inswed, a fail b deliver promptly ~ny of said polities of inswa~c~ fo wid MORTGAGEE, w fail prompfly ro p~y fully any premium therefor w in any
rospect fail ro patorm, diuharge, execute, effed, campkte, compty with and ~bid~ by this coveosnl, w any part hawf. said MORTGAGEE may place and
pay (w s~ch inw~ane~ w ~ny psrt the~eof wi~hout wsivinp a ~ffectinp any option, IKn, pviry, w i~M unda a by virtw of ~his Mwt~aqe, and fhe
tufl amount of each and every such payment shall be immediately dw and pay~ble ~~d shall beu inter~st from tM dat~ thereof until paid at tM rat~ 01
nine pe~ ccntvm per annum and ta~ether with such i~teres~ shalt be secuied by tM IiM of tFw mort~~g~,
~1. To permF , cammit w suffer no wuts, lmp~irment o~ deteriwation of ~sid propKty or any p~A thereof.
S. To pay all snd singvlu the costs, charges and expenses, includinp • reasaubls atarney i fee and cosri of sbstracts of title, incuRed a paid at
any time by said MORiGAGEE, because or in ths went of the failum a+ th~ p~rt of tFK said MORTGAGOR to duty, promptty and (utly pe~fwm, d~scharga~ ~
execute, efFecr, oomplete, comply w~th and ab~de by exh and every ths stipvlations, sgreements, condiY~o~?s, ~nd covenanq of s~id promiuory note and thii ~
mortga~e sny or eithe~. and said costs, cM~ges and axpaues, e~ch and ~very. tlwll b~ inwnedi~tely due and paysbk; whethsr or not there be motice da ,
mand, attempf to mlkct or suit pending; and the f~ti amo~M of each and ev~ery svch payment ahill bea? intersst from tht date thereof until p~id at Ih~ ~
rare of nine per centum per annum; and all uid costs, chargea and expenxs incvrra! or p~id, together with such interest, ihall bs secured by the lien of thw
mortp~pe.
6. That (a) in the event of any bresch of this Mwtgage or defautt on tM part ot the MORTGAGpR, or (b) Fn the ewnt u?y of sa;d wms of naeey
herein nfarred to be not prompsly and fully paid within thirty (30) days nexl aNer Ihe same seve~atly becorn~ due and payable. without demand o~ notice.
o~ in the event esch snd every the stipulations, agreemcnb, cond~tions snd tover~nti of sa~d promissory note a~d th~s mat~s~e any a either are oW
iuty, promptly and (utty performed, d7sclwrged, executed, effected, completed, complied with and abided by, then in either a any s~ch evem the said ag
gregate wm mentioned in aaid promiuwy nore then remaining unpaid, with imerest accrued, and all mo~eys aecurcd hereby. shsll become dw and pay-
able forthwith, a thereafter, at the option of said MORTGAGEE, as /utly and compterely as if all of the wid avms of money wero or;pi~ally stipvlated
to be psid on wth day, anything in said promiuory note w in this Mort9age to the contrary notwi~hstanding; and there~pon or lhereafte~ at the optio~ of
said MORTCaAGEE, without ootKe w demsnd, suit at law or in eq~ity, thcrefae or thereafter beyo~, may be proset~ted u if aU ma~eys secursd hareby
had matuted prior to its i~utitut+on.
7. lhal i» tl+s event that at the beginning of or at any time pe~dirg sny wit upon this Mortgage, or to fo?eclose it, w to refwm i~, a~o enforce
payment of any claims hereunder, said MORTGAGEE shall ~pply to the Coun having jwisdrction thereof fw the ~ppointment of a Rec~ive~, wch Cowt ihall
forthwith appoiM a receiver of said mwt9aged property all ar?d sirgvlar, includ~ng a!1 and singvlar the intome, p?o(its~ iuws and revenues from whatever
source derived, each and every of which, it be+ng expressly u~deratood, ia hereby mwtgsged as if spec~fically set fwth and desuibed in the Qrantinp and
habendum cla~ses hereof, and such Receive? shall have all the bro~d and effective funct~o~s and powers in anywise entnnted by a Covat to a Receivei, and
such appointmeM shsll be made by suth Court aa sn admitted eq~ity and s matter of abs0lut~ right to said MORTGAGEE, ~nd withouf ~eferente fo the
adequscy or insdeqvscy of the value of the property mortgaged q to the tohrcncy or insolvency of said MORTGAGOR w the defendann, and that wch
rents, profiri, urcome, issues and revenues shall be appliad by such Receiver accwd~ng to the lien w equity of said MORTGAGEE and the p~actice of wch
CouA.
8. To duly, prompHy and fully pe?fwm, dscharge, execute, effect, complete, tomply with and abide by each and every the stipulatiau, ~greements,
conditions and covenams in wid promisso~y note and this mortgsge set forth.
9. Thst in the event the ow~rship of the mortgaged p~em;us, a any part thercof, becomes vested in a person other tMsn the MORTGAGOR, the
MORTGAGEE, its successors and essigns, may, without notice to the MORiGAOR, deal with such suctessor w successo~ in interest with reference to thq
morfgage and the deb~ hereby secured in the same manner as with Mortgagor without in ~ny way vitiatirg or dixhargi~g the Mwtgagors' lisbilify hera
under w upon the dcbt hereby secured. No sale of the premises hereby matgaged ~nd no forbearan~e on Ihe part of the MORTGAGEE a it~ sutcesson
or auigra and r?o extension of the'time for the psymeM of the debr hereby setured given by the MORTGAGEE w iri suctessots or assigm, shatl opetate
to release, discharge, modify change or aftect the wiginal liability of fhe MORTGAGOR h~r:iry either in wlwk w in put.
10. It is spec~f;catly ag?eed that time is of the essence of this contnct a~d thal no w~iver of any obligation hereunder or of the oWiyation se-
cured hereby shall st any time thereafter be held to be a wairer of the tem?s hereof w of the instrvment se~vred herby.
11. tn additioa to the forego:ng monlhly paymems of princ pal and interest required by the promissory note secured hereby, mortgagor covenants
and agrees to pay to mortgagee with each manthly payment sn addirional sum esfimared by mwtgagee to be equal ro 1/12 of the annual cost of the fdlow-
ing:
A-All real propery taxes levied or assessed agai~st the above described real estate.
B-Premiums on fire and windstwm insurance as Ixrein requ~red to 6e carried on the improvements sitvate on the above described premises.
C-Premiums on such mortgage gvaranty irtsurar,ce as mortgagee shsll from Gme to time deem fit to wrry on the Ioan secvred hereby.
Mortgsgee sfiall from time to time notify mortgagor in wrki~g of the amount due and payable hereunder and suth wm shall thereupon be due and
Fayable on the due date at-the next monthly payment and each successive month thereafter ur1i1 mortgagee sha11 notify mortgagor of a change in such
amount Such sums shall be applied by mortgagee roward the paymeM of real properry taxes, insurante prem:urt?s, and mortgage gvaranty inswance
prpmiums.
IN WITNE55 WNEREOF, the said MORTGAGOR has hereuroo set his hand aod seal the ay year first sforesaid.
Signed, Seated snd detivered in presence of:
James . anton, a single ~ t
. ~
- ~n
~ - ~n
STATE OF FIORIDA ~
St. Lacie
couNn oF ~
~f«~ ~,o,,,uy ,~a«a James H. Blanton, a s ingle adult ~
~n+e we!! krawn and known to me to
the individwl~dexribed in and who executed the foregoing instrumeM, and atlcrwwledged befate me that /her e:ecuted the ssme for ;
rherein expresfed.
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WITNESS my hand sod official seal thi i ~y of Y`~`'' z.,
MAY =
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, Nol Public in aed i t Stat~ Ct _ : L;arp~ :.y:.
MY ission expires: i!'~. = _ ~
Return Ta. .i=..~.`: -~i:': S~AT~' (tiF FLORID!{.~T[Jt ..~~e
First Fedewl Savings ~ loan Association .'1' : ~ " : _t.r:°cS ff:aR ,j$j~~;••
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Of fort P~erce. ..ii::~r=i:H1.:":~:i:..,~ii-= crn~nERl'~.~iYEti$~'13~.'~''t1~s
~r~~~~~~N~'•.•
Fort ~ierce, Flwida ~ 't~
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~~`E4 ,?NO R~~~~~3
This Instrument Prepared 8y : RiChsrd K. Ka?yes f.1.11~e p1tR~~ ~
' First Federal Savings d~ loan Association ~RK C1pCU1T C011~~
. of Fort Pierce~ Flor ida? 33450 pECOAO VER~f ~Ea
Checked ey~_ ~ ~O ~ SI~ { n
2;~.94
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