HomeMy WebLinkAbout0010 3. To place and continuously keep on tna 6u~'J,~.gs now or he~~•after s~t~a~e on s.,~d ~and and on al; aq,,~pmen~ and personally cove~ed by this ma
age, w~rh all prenuu~ns thereon pa•d ~n fu.l, fi~e ~ns~~an~e ~n ihr us~a~ ste~~~ird po:~cy form, in a s.,m a~.proved by th~ MOR~G:.GEE, and w~~~dsto
~nsurance in the usual ua:~da~d po:,cy fonn, in a wm appro~ed by the h10RTGAGEE, ~n auch company or co:»pan~es as ehe A~ORIGAGFE m
d~recr; and all iire and w~ndsrorm insur.~nce po!;c es on eny of said b~ild~ngs, any interest therein or pmt th.reo(, in the agg~cgate sum aforesaid
in eacess thereo(, shall ;on!„~n ~he ~sva1 sta~~dard n~orrg,gra uause o~ such o~har cl;~use as the Pdortya~ae may ~equ•~e, making rhz ;oss ~ndrr s.~~d po
c~es, each and every, pay~b!~ ~o sa~d htJRf~,AGEE as ~ts imer~•s~ niay appear, and each and eve~y such po~~cy sl~alt t~ prompity assgned aud delivered ;
any neld by said h10RIGAGEE as f~nher security ~o sa~d mortgage dabt, and, ~ot less than ten (l01 days in adva~~ce of ~hN e~puanon of each pol~cy, to d~
tl.e~ to said MORiGAGEE a renewal ihereof, togerhrr wi~h a rece~pt for the prr+nium of such renewa'; a~~d ~heie sha~l br no f:re or wh,dsto~m ivvranc
ptaced o~ any of sa+d bui'd~ngs, any interes~ therem or part thereof, un;ess in the fo~~n and w~fh the loss payaole as afo+esaid; and in the e~ent any sun
uf money beto~»es payabie under such policy or poGc~a: sa~d MORTGAGEE sfiall have the opr~on to rec~~~ve y~,d a~p:y r~e sa~ue on accourn of ~he indabtrd
ness secured fsercby or to perm~t s~~d MORiGAGORS ro rece~ve and use it or any ~>a~t the:,.~of tor o:n_r ~:u:; ~s~•s, .~;~ii;.,t th:~~~~ o~ v~~p..~~
ing any equ~ty, I~en w righ~ ~nder or by virtue of this mcc•gage; and in the even~ sa~d h\ORTGAGORS sh.~!1 .`or any reason iail to keep ~he said prem~sa• so
~nsured, or tail to del~ver pro~nptly any of said poLcies of inwrance to sa~d MORTGAGEE, or fail p:c~nprty to pay ful:y any pre:niv~n thcrcior or in anY
respect faFl to pe~lorm, d~scharge, exec~te, e(fed, complete, co~~ply wiih and a5~de by this covenant, or any p.art hrreof, sa~d MORTGAGEE may place a~~a
pay fw such insur.~nce or any part thrreol w~~hout waiving or affecting any opnon, lieo, equ~~y, or nght ur,dar o~ by v~rtue of ~h~s Mo+~gage, and ~he
f~~ll amo~nt of each and every sucA paymant shaH be immed'rate~y due and payable and shall baar in!erest from the date thereoi until paid at the rate of
mne per centum per annum and togrthe~ with suth inte~est shaii be secvred by the lien of this morfgage.
1. To permit, tommit or suffer no waste, impairment p deterioration of said property or any part thereof.
5. To pay all and s~ngu~ar the costs, cha~ges and ezpenses, ~ndud~ng a reasonable atrorney's fee and costs of abstracts of title, incurred o~ paid af
any ti~r.e by sa~d 6tORiGAG~E, becavse o~ in the event ot ~he ia~fure on ihe pa~t of the said MORTGAGOR to duly, promptty and fuily pe~form, d~scharge.
~xecute, e(fed, complete, comply wnh and ab:de by each and every the st~p~lat~ons, agrern~rnts, cond~tions, and cove~~ants o( sa~d promissory note a~ld tfi~s
n,ortgage any or e~ther, and sa:d costs, charges and expenscs, each and every, shaN be immrd~atety due and payab:e; whe~her or r.ot there ~ not~ce dr
mand, at?empt ro cof~ect or wit pendmg; and the fu11 a~nount of each and e~ery such payment sFwll bear ineeres~ from the date thereot until paid a~ the
~.~~e o~ n~ne per cantum Nrr on.~~:n; and a~i sa~d costs, cha;grs and ea;xnses ~ntwred or paid, togetfier w~th such interest, shail be secured by rhe Iien of ths
-ncrtgaqe.
6. That (a) in the evem of any breach of this Mortgage or default on the part of the h10RTGAGOR, or ;b) in ~he event any of sa d sums of money
herein refened to be not promptly and fuliy pa~d w~rhin thuty (30) days next airer the same severa!:y beco~ne d~e and payabte, wi~hout demand or nonce,
cr (q in tAe evenr each and every rhe st~p~:a~+ons, agreements, condaions and covenants of sa.d promissory note and th~s mortgage any o~ e~ther are no1
i~:y, promptly and fully performed, d•scharged, eaecuted, eifected, completed, compGed wrth and ab~ded 5y, then in e:ther w any s~ch event the sa~d ag
~ragate sum mem~oned in said pron~~ssory ~cte then remaining unpaid, with interest accrued, and a~! monrrs secured hereby, shali become d~e and pay-
ao:e forthweh, or ~hereafter, at the opnon of sa~d MORTGAGEE, as fvl(y a~d comptetely as if all of th~- sa~d s~ms oi money were a ~ginally stlpulated
to be pa:d on such d:.y, anything in sa.d pro~n~ssory note or in th~s Mortgagr to the ca~trary notaithsta~~d~ng: ~nd ~hereupon or thereafrer ar the opnon of ~
::>:d MORTGAGff, w~rhout notke or demand, suit at law or in equay, therefore or thereaite~ begun, ma f be prosecuted as if all moneys secured hereby
n~d matured pr~or to ~ts ins~itut~on.
7. Tha~ in the event ~hat at the beginn;ng of or at any time pending any su~t upon this Mo.tgage, or to fo~eclose it, or to reform i1, or fo enforce
payment o( any cia~ms h~reundrr, sa~d 1dOR7GAGEE sha+l apply to the Court having junsd:ct:on thcreo! 1or the appo~~tment of a Receiver, such Coun shall
forthwith appo~nt a receive~ ot said r„ortgag~~ property all and singular, incl~d~ng a~l and sng~iar the income, p~ofas, issues and revenues irom wF.atever
s~vrce derived, each a~d eve~y of wh.cfi, ~t be~~,g expressly understood, is herepy marrgaged as ii spec~l~cally set fo~rh and desuibed in the granting a~d'
h3bendum c:auses hereof, and wch Recriver shaii_ have all the brcad and effecr;ve funtr,ons and pov:ers in anywise entr~sted by a Court to a Recriver, ar.d
s_ch appointme~~t shall be made by s~ch Court as an admitt~! equity and a matter of absoiute right ro sa~d MQRTGAGEE, and without refere~ce to the
adey~acy or inadequacy of fhe ralve oi the property mortgaged or to )he so.vency or insoh•enty o( said MORIGAGOR w Ihe defzndanis, and thaf 3uch
r~~-,•s, profi!s, incane, issues and revenues shati be appGed by such Receiver accord~ng to the lien o~ eq~ity of said MORTGAGEE and ~he prauice of such
Court.
B. io dvty, promptty and fully perform, d+scharge, exec~te, effect, complete, con,ply with nnd abide by each and every the stiputations, agreements,
conditions and c~venants ~n sa~d prom~ssory ~ofe and th;s mortgage set forth.
9. That in the event the owr.ership of the mortgaged pren,ises, or anv part thereof, becomes vested in a per~n other than the MORTGAGOR, the
'.'ORiGAGEE, its svccessors and a:s~gns, may, wirhou~ notice to the MORTGAOR, dea! with such svccesso~ a successor in interest with reference to this
~~o~tgage and the d<bt hereby secured in the same manner as with 6lortgagor without in anY way vit~ating or discharginy the Mortgagors' liability here-
~~~.der w upon the debt hereb~ secured. No sale oi the Fremises hereby mortgaged and no forbearance on the part of the /~10RTGAGEf or its successws
c~ a;lign~ a+Td no earens;on of sbe r,me for tne payment ot the debf hereby secured given by the MORTGAGEE or its s~ccessws or ass~gns, ahatl operate
!o re~ease, d~scharge, modify change or affect Ihe orig~nal tian~i~ty of the MORTGAGOR herein, either in whole or in part.
i& It is spec~ficaliy agreed that time is of the esse~ce of th~s contract and that no waiver of any obl~gat~on hereunder or of the obligafion se-
cured hereby shatl at any tr~rre ~he~rafter be he!d fo be a wa~ver of rhe terms hereof or of the instrument secured herby.
)1. M Jdd *io.~ to the ioicgo ng month!y paym_nts of princ pal and interest requ~red by the prom:ssory no!e secvred her<~by, mo:tgagar eovenants
j~ d agr.es to pay to nwrrgagee v~.rth each monthiy pay~.oent an add~~ional s~m ess:n:ated by mortgagee to be equai to 1; 12 0( t:~e annual cost of fhe 4oliow-
,"3~ '
A-AI! rea! property ra,cas lev~ed or assessed dCjd~oS! nc~ above described real estate.
B-Prem~wns on ifre and windstorm msurar.ce os here;n r~qu~red to be ca~ried on the ~mproveme~ts s~tuate o~ the above dasvibed premises.
C-Premiu~r~s on such mortgage guaranty icsvra~.ce as mortgagee shall from t:me to time deem fit to carry on the Ioan secured hereby.
Mortgagee sh;;1 from t~me to t~rne ~or~fy mo.tgagcr ~n w.it~ng of t6e amount d~e and payabt~ hereund..~r and wch surn shall the~eupon be due and
yable on the due date of the next moneh:y payment and each successive month thereafter uotil mortgagee shall not~fy mor~agor of a change in such
~ nount. Such su~ns s~a6! be apptied by mortgag~~e toward fhe paymeM of real property taxes, insurance prem;ums, and mortgage guaraoty insurance
~emiums_
IN Y~ITPJESS ':1HERCOF, the said MORTGAGOR has hereunto set his hand and scal the day and year firs~ aforesaid.
Signed, Sealed and detiver d in the presence of:
~,1~`T ti
Carl H. J nso tsear;
? t5eal~
Florence I. nson ~~a~~
~ lSeaq
S~:aTE Of FIORIDA ~
Luc ie
~JUNTY OF St • ~
' Carl H. Johnson
~ Before me personally appeared and
j _ F 101 @T1C6 1• .10}11130A his wife, to me well known and known to me to be
i the individuais deuribed in and who executed tbe foregoing instrunr_nt, and acknowledged before me that they execufed the same for the purposes
rherein expressed. And the :a~d_ Florerice 1• Johnson
k Johnson
' N:fe of the said Carl N• upon a separate and pr'rvata
~ e,am;~at~on by me taken separate and apart from her said husband, acknowtedged to and before me that she executed said instrume~t fr~1y and volun-
r3~~iy and w~thout any compu(sion, constraint, apprehe~nCs~~ or fear of or from her said h~sband.
; WiTNfSS my hand and offic~al seat this__ day ~ June -a o. i9_ 72
~ ~ _ .
Notary PubG~ in for the ate of 'da at Large '
~ ' My Commissi expires: ~
Retum To: T~~Y ~~~:TE cf F~0?tDA at URuE
F~rst Federal Sav]ngs 3 loan Associar;on AfY CG6i:'1~,~',s'•;; E'~;i1";.^: f~~. 1g75
UunQrd l~uu Gc: e';f iwy~.~.
Of ~urt P uce. w~Ce :1~.c:~el.rNters.
Fort F~erce. Flcrida fILE6 !!r.^ PECORDE~
sT. ~uc~~ co~~~tr fc~.
ROG~~ P1ITRAS
CIERK C~~;,UIT COURT ~
This Instrument Prepared By: R iChard K. KayesRFCn°^ y; ~'';~u ~
First Federal Savings & Loan Association ~ 5 3 14 1 n~r~
of Fort Pierce~ Flozida 33450
f Checked By~~
. ~ 3;,,~f 7~7
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BOOK ~VJ PACf 1~ . "
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