HomeMy WebLinkAbout2056 3. To place and continuous~y keep on the bui!d~ngs now w herea(ter ~i~uate on sa~d land and o~ al( equip~nent and perionalty covered by ~hi~ mo?
eg~, witA ~It premiums thereon pa~d i~ futi, fire in~u+ance in tFu ususl standard poticy iorm, in a sum approved by the MOR~GAGEE, and w~nds~o
~nsurance in the usv~l i~andard pol,cy form, in a sum approved by ihe MORTGAGEE, in tuch company or companies as ~he MORTGAGEE m
dirKt; a~d all iire and windslorm iniuronce potiues on any of s~id bu;td~~ps, any infe~eu the~ein or pt,t lhereo(, in Ihe aggregate ~~m aiaesaid
in txcess ~hertoi, shall contain Ihe usual seandard mwtgagee clause or suth olher clause as Ihe Mwlgagee may requ+re, making the toss under sa~d po
cies, each and every, payabla to said MORTGAGEE as its in?ere~l may appear, a~d each and eve~y s~ch policy shall ix promptly ass gn~ a~d delivered +
any held by said MORIGAGfE as (u~the~ secv~ity to said matg.~ge debt, a~d, not le~s Ihan ten (10) days in advance of Ihe expira?ion ol each policy, to d.
live~ to said MORTGAGEE a renewal therea(, together wilh a reteipt to~ Ihe p~emium of such renewal; and lhere shall be no fire or windstor~n insuranc
Placed on +ny ol said buildings, ~ny inte~esf therei~ a part thereof, unless in the form arx! wilh the loss payabts as afwesaid; and in the eveM any sun
of money betemes payable under such policy or policies said MORTGAGEE shall have ~he opt~on ro reteive and apply the ume on accoum of the indabted
neu tecured hereby w to permit sald MORTGAGORS ro receive and use it or any part thrrcoi fur o:~r•r pu~F~oses. ~v~~hovt rha~.u~ w~~v;.~~ c~ unpoir
~ng any equity, lien or right unde? a by v;rtue of this mo:'gage; tnd in the event said MORTGAGORS shall fw any reason fail 1o keep the said premisrs so
insured, or ~ai) lo deliver promptly a~y of said polKies of inaurarxe to said MORTGAGEE, or fa~l promptly to pay fulty any pre~n;um the~e~w or in a~y
respect (ail to pe+iwm, dixharge, execute, e1(ect, comptere, comply witA and abide by Ihis covenant, w any pan h.:~eof, said MORTGAGEE may place and
pay for such insurance w any parl thereof w~thout waiving or aifecting any opfion, lien, equ~ty, or right unde~ w by virtue of this Mwtgage, and the
full amount of each and erery such payment shall be irtunediately due and payable and shall bear intereat from the date thereof until paid at the rale of
n~ne pcvi cenrum per annum and to~e~her wi~h such interest shall be secured by the lien of this mortgage. _
1. To permit, commit w sufFer no waste, impairment w deteriotation of said ~operty w any part thereof.
S. To pay all and singula~ the costs, charges and expe~ses, including a ~easonable attorney't fee a~d costi of abstracts of t~tle, incu~red or paid at
any time by wid MORTGAGfE, betauu w in ~he event of the faiture o~ the part of the said MORTGAGOR ta duly, p~omprly snd fully periorm, d~uharqe.
exetute, eifea, complete, comply w~~h and ab;de by each and every tFK stipulat~ons, sgreements, ca+ditiau, and covena~ts ot said promissory no~e and ~his
mwtgage any or e~the~, and sa~d costs, cMrges and expenses, each and every, shall be immediately due and payable: whether or no1 there be notice dr
mand, attempt to collect w svit pend~ng; and the fvl! amovnt of each and every svch payment shall bear interest from the date thereof untit paid at the
~~ie of nine pe~ cenwm per annu:n; and all said costs, charges and exprnses int~rred w paid, together wdh such iMerest, aha~l be secured by the lien of thi~
mortgage.
6. Thst (a) in the event of any breach of this Mortgage or defaull on the pa?t of the MORTGAGOR, w(b) in ~he eve~t any of sa~d sum= of money
he~ein referred to be not p~omptly and ful~y paid wifhin Ihuty (30) days neat after thc sa:;:e s~:csaE:~ ~c-.a.^.*.~ ave ar*d payata~e: withou~ demand o~ notice.
or (c) in the event each and every the stipulations, agreements, conditions and covenants o} sa:d promissory nore and rh~s mortgage any w ei~Aer a?e not
~uly, piomptly and fully performed, d.scharged, execut~d, effected, completed, complicd wi~h and ab~ded Sy, then in ei~her w any such event Ihe sa~d ag
gregate sum mentaned in said promisswy note then remaining unpaid, with inte~est accrued, and all moneya secured hcreby, shall become due and pay-
able (athwith, or thereafte~, at the option of said 1NORlGAGEE, as fu!!y and compleTely as il all of the said sums of money were w~ginally st~pulated
to be paid on suth day, anything in sa:d promissory note w in this Mortgage to Ihe tantrary notwiths~anding; and thereupon w fherea(ter at Ihe op~ion of
said MORTGAGEE, without notite a demand, suit at law or i~ equity, therefore w therealter begun, may be p~osetvted as if all eiwneys sec~red hereby
had maturcd pnor to ~ts institution.
7. That in the event that at the beginnirg of or ~t any time pe~ding any auit upon this Mortgage, or to fwetlox it, or to reform it, or to enforce
payrneM of any claims hereunder, wid MORTGAGEE shall apply to the Cour~ having ~u~~sd~ction thereot iw fhe appo~ntmenf of a Receiver, such Court shal)
foethwith appoinf a receiver oi said mortgaged property atl and singular, includ~ng all and singuiar the income. proi~ts, issues and revanvzs frocn whatever
sou.ce derived, each and every of wh~ch, i~ be~ng expreuly unders~ood, is hereby mor~gaged as ii spec~ticatly set fath and deuribed in the groroing and
habendum clauses Rereof, and such Receiver shaii have all fhe broad and effective funct~ons and powers in anywise entrusted by a Court to a Reteiver, and
s~ch appoinfine~v :hall be made by svch Cou+t as an admitted equify and a matter of absolute right to said MORTGAGEE, and without re(erence to the
adequaty or inadequaty of the value of the property mortgaged or to the so~vency or insolvency of said AtiORiGAGOR o~ the defe~Jants, and tha! such
re~rs, p~ofits, incane, issues and revenues shali be applied by such Receiver according to the lien w equity o1 wid MORTGAGEE and the practice of such
Courf.
8. To dufy, promptly and fully pe~iorm, discharge, execute, effed, complete, comply with and abide by each and every the stiputations, agreements.
condiYans and covenams in sa+d promissory rwte and rhis morlgage set forth_
9_ That in tbe event the ownership o( the mortgaged premises, a any parf Ihereof, becomes vested in a per~~ other than tF~e MORTGAGOR, 1he
N.ORTGAGEE, ita successws and ass~gns, may, witlwut notice to the MORTGAOR, deal with such successw or successor in interest with ~eference to this
~~o~tgage and the deut hereby secured in fhe same manner as with Mo~tgagor without in any way viUating or d~scharging the Mwtgagors' liability herr
under w upon the debt hereby secured. No sale oi the premises hereby mortgaged and no forbeara~ce on the part of the ?AORTG/4GEE a its successws
or assigns and no eatension of the time for the payment of the debt hereby secured given by the MORTGAGEE or ifs successon or ass~gns, ai~all operale
io release, d+scharge, modify change or affect the original liabil~ty of the MORTGAGOR herein, eitFxr in whole or in part.
10. It is specifically agreed that time is of the essence of this coN~act and that no waiver of any obl~gat~on hereu~der or of the obligation se-
cured hertby shall at any time thereaf?er be hetd to be a waiver ot the terms hereof w of the instrument secu~ed he~by.
11. In add~tio~ to the forego'ng rnonthly payments of pri~c pal and interest required by the prom~swry nore secured hereby, mortgagor covenants
9 voy . ty.;y~~ s p_; _ _
a~,d a ree; ;u --•4~.. _ a,~d;,;onal ~~~c~„~~ bv morfaagee to be equal to 1, 12 oi the annual cost of fhe follow-
iny:
A-All real property taxrs levied w assessed agai~st thc above described real es~ate.
B-Prenvums on fire a~d windstorm ~nsurar.ce as herei~ requ~red to be carried on the improvemeats sitoate on tbe above desvibed premises,
C-Premiums on such mortgage gua.anty ir.sura~.ce as mortgagee sh311 from nme to time deem fit to carry on the loan secured hereby.
Mortgagee shail from t~rne to t;me nor~fy mortgagor in writ~ng of the amount due and payable hereundrr and such sum shall thereupon be due and
~.ayable on the due date of ihe next month!y payment and each successive month thereaiter ur.tii mortgagee shaN not~fy mortgagor o! a change in such
a•:~um. Such sums sFall be appfied by mortgagee ioward the payment of real property tazes, insurance prem:ums, a~id mortgage guaranly insurance
p ~ em iums.
IN Y~IiNESS WHEREOF, the said MGRTGAGOR has hereunto set his hand and seal the day and year first aforesaid.
~ Signed, Sealed and delivered in the presence of:
~ ~ - ~ ~ ~t -L cr [ a0
' / S M CoX ~an
l1. "c '
~ 1 . ($eal)
cia LA 1 Se S. X' ~~a~~
S7ATE Of FLORIDA ~
couNrY oF St. Lucie
eefore me personally appeared Thomas M~ COX ~
i and
L.Ot1156 COX his wife, to me well known and known to me to be
rhe individuals described in and who executed the foregang instrument, and acknowledged befwe me that they executed the same fo? the purposes
rherein ezpressed. Ar?d 1he said I.O11156 5. COX
a+r~fe of the aeid Thomas COX upon a sep~rafe and private
examinarion by me taken separate and apart from he~ said husband, atknowledged to and before me that she exetuted said instrume~t freely and volun-
rarily and without any compulsion, constraint, apprehension, or fear of w from her said husband.
WITNESS my hand a~d official seal this ~3 day of _~)av (~'~d1J . A, D. 19 72
'l~~ ~s ~ ~f .~,~,J
Nota~ Public i a~d for the State of fbrida at large
My Commiasion eapires:
, Retum To:
Firtt Federal Savings 3 Loa~ Astociation ~Ot~ /1~~ ~ p/
Of Fort P~erce. ~ COMj+w E~1M ~:L ~
For1 Cierce. Florida
FILE01?ND RECQROEO
ST.LUCIE COUMTY f~A.
iiOGER POiiftAS ~ia~t.1' c;
R .
I~ ~~ES~K Ccr.°,u1T COU .
i This Instrumenf Prepared By JOhn k'. Collins Rr~;~F? if.~~t~~~D...~..~- ~ ~ ~
~ First Federat Savings & Loan Association _ _ ` ,
of Fort Pierce , Florida YAy 2~ 3 . .
r~ 4i PH'~z ~
~ . . ~ . _ ,
Checked By 2~122 f
, _
,
~ Bo~K ~02 2Q54
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