HomeMy WebLinkAbout0014 3. To p!acr and continuousty Reep on the b~~'~~ngs now o~ he~raf~er s~tuate on sa~d land and on a~i ~'q~ip:~ten1 and petsonally to~ered by ihis mor
ege, wrth all prt~uiums thereon po~d in full, lire ins~rance ~n Iha usual ste~xlard poi~~y iorm, in a wm a{.Nrpved by Ih: h1CR~l~~G:E, and windsto
~nwrance in ~ha usual srandard pol.cy iorm, in a wm aHpro.ed by the MORiGAGEE, in such compony o~ co~r.panles as the l.40RiGAGEE m
d~rect; and al! fire ar.d wmdsror,n ins~~arce poGc~rs on any of sa~d bu~ld~ngs, any inre~rs? the~cin or pan thereoi, in the aggr~gate svm afo~esaid
~n excess therecf, shall ;om~~n iha uwal s~a:~J„rd ~norigagae cla~se or i~ch othe~ cla~se as the ltlor~yagre m~y requ.re, mal.ing the ~cas u~~drr s.~~d po
c~es, eath and every, payob'e to said b1JRiGRGEf as ~~a +nter~•st rnap appea~, and each ard ev~~y such po~.cy sl,ail be pro~nptiy ass g~~ed e~~d de:ivared ~
any held by sa~d hIORiGAGiE as (urihe~ s_curity ro s3~d mongage dabt, and, not less than ten (101 d.+ya in adv~~~ce o( tha exp~rat~on of each pol;cy, to d.
I~ver ro sa~d h10RiGAGEE a renewal thrreof, soge~hrr with a rece~pl fo~ rhe prCm~ym o( svch ~er~e+~~!; a~+d +Fr~-~e she;! Gr no f.:e o: w;~,ds~o+m insuranc
ptaced on any of sa~d buil~~ngs, any imerest tKcre~n or part thereof, unlrss in tFu form and wi~h tht iosi patiob:e as a4oresaid; and in the evenl any sun
of money becomes pay.~oie unckr auch F~oGcy or ~I~c:~s said A!ORTGAG'.E sh~ll have the ept.on to rec_~v~ a~~d apN'y ihe same on accou:~t of thr indrbr~d
nr:s secured h~r~by or to pe~rn~e sa~d IApRTGAGORS ?o ieczive and use it or any p,n1 the:eo# tor o:i~• r~...r; :,s~~>, v:.+i,;.,t th,•,,,; ~r_~.~,~ cr ,~i,p..i~
~ng any equ~ty, iie~ w riyh~ ur.drr or by virtue ot thia mo:~9age; and in the evem sa.d M0~2TGAGORS shall `o~ any r~ason iail to kaep thc sa~J prem~s~s so
~nsured, or ieil to deliver pranptly any of Sa~d poLcies o1 inwrance to ••'id MORIGAGEE, or !ai! promNNy to p.~y fui:y any pr~•:n~u~n theretor or in any
respect fait to per(orm, d,schar4e, execure, effect, compl~ta, comply with and abide by th~s covena~~t, or any p.vt hrreo~, sa~d MURT;,AGEE may p~ace a•d
•pay iw such insurnnce or any part thereof wuhout waivi~~g w affecring any opt~on, I;en, equny, or r~ght under or by virtue of rh~s Mortgage, and thc
fuN amount of each and every wch paymaM shalt be immediately due and payable and shatl bear inhreal from tha date ther~-oi until paid at fhe ~ate of
~~~ne per centum per annu~n and ro7ether M•ith such interesr shali !,e secured by the lie~ 0) Ihis mortqage.
4. To permit, commil or wffcr no waste, impairment or deterioration of said property o? any patt thercof.
5. To pay all and singula~ the tosts, charges ar.d expenses, including a reasonable a2to~ney's fee and costs of abshacts o( title, in~urred o~ paid at
~~~r ~~~~~e by sa~d MOR?GAGEE, betause or in the event of ine IaJure on the part of the said hiORiGAGOR ro duly, pron+pNy and fully p~rform, d~sch~rge.
_.~wtr, eftec~, canple~e, co~nply wnh and ab.de by each and every ~he stipu~ai~ons, agrern,~~nts, conditio+l:. and covenants of aa~d p~a.,~ssory note and ih(s
„ongage any or eiiher, and sa:d costs, cha~ges and expenses, each artd every, shall be immrdately due and payab:e; whe~her or not ~here be nonce da
r.:and, attempt to calect or suit pend~ng; and tAe full amount of each and e~ery such paymem shalf bear ;n?eres~ from the date thereof uMil paid at the
~-~rr o~ n~ne uer c~n:um per an~~u.n; ~~u.' ail sa~d cosrs, cha:ges and espanses incurred or paid, togather ~v~th such inrerast, shall be securc•d by the firn of th~~
morlgdgB.
6_ That (a) in the event of any breach of this Mortgage or default on the part of the \10RTGAGOR, or {b} in the event any o( sa:d sums of mo~ey
herein ~eferred to be not pro~nptly and fully paid .~iihin th.rty (3U) days nexf aitcr the same severa'.ty 62co~nr due and payable, wi~hour demand or norice,
or (c) in rhr event each and evrry the stipulat~ons, agreements, ccnd~t~o:+s and covenants of sa.d p~omissoiy noie and th~s mo~tgage any or e~the~ are not
iufy, prwnptly and fvily perFormed, d~acharg_d, eaec~ted, effccted, tanpleted, complied with and ab~d~~d yy, then in Nther a=ny such eveM the sa~d ag- 2
~~egate sum mentioned in sa~d p~om~ssory ncte then remaining unp~id, with interest atu~ed, and atl moneys secwed hereby, shall become d~e and pay-
aoia forthwith, or thereaftcr, at the optic~n of sa~d h10RTGAGEE, aS fully and tompletciy as ii all of the sa~d sums of money were onginatty stipu:ated
to be paid on such dey, anything in sa,d prom~ssory note or in this hlwlyaga to the con~rary not;vahstar~d~ng; and thereupon or thereafte~ at the opf;on of
s~:d MORTGAGEE, w~~hovt no+~ce or drmand, swt a~ law or in eq~ify, the~eiore w ti:errafter begun, n:ay he prosecuted as if afl moneya secur¢d hereby
r,_d matured pnor to its instit~!ion.
7. TFwt in the event that at the beginning of or at any time pend~ng any su~t upon this Mertgage, or yto iweclose it, or to referm it, or to en(orce
i,aymertt o! any claems hereunder, sa~d MORiG~+GEE shatl apply to the Co;,rt having junid,ctton tF~er~of for 91s'z appomtmero of a Receiver, such Court shail
f~-~hwirh appoint a recei~er of said mortgay~d pro{.erty atl and s+ngular, includ ng atl and Singvidr the ir.come, p~oids, issues ar.d revenues from whatever
s,-;,rce derive~, each and every ot wh:ch, ~r tn~:~g express~y undr:srooJ, is Nereby mo.rgayed as ~f speufkalty set forth and dexribed in the granung and
1.~bendum cia~ses hereof, and s~ch Receiver shail have alt the broad and effecrive funu,ons and po~vers anyw~se en~rusted by a Cou~t to a Recriver, and
s.:h appointment shaU be made 6y such Couct as an ad:nittrd equi:y and a maner of absolwe righ~ to sa~d MORiGAGEE, and wicnout re~erence ro rhe
r.~i:qusty or inadequacy ol fhe value of the property mo~tgaged or to the so.venty or ,nsavency ol sa~d l1:ORiGAGOR w 1he defe~:dants, and that such
,,rs, profits, inco~r.e, issues and revenues ahall be appl~ed by suth Recriver accord~ng to the Gen or equity of sa~d MORTGAGEE and the p~actice of such
Co u rf.
8. To duty, promptly and fu1~y perfo~m, discharge, exet~te, effect, complete, compty w:~h and abide by each and every the stipulations, agreements,
:ondiTions and covenants m sa~d promisso:y not> a~x! this mortgage set forth.
9. That in the event the ownersh~p o( tF.e mortgaged prem~ses, or a:~y part thcreoF, bccon~es vested in a per~~ pther than the MORTGAGOR, the
"~RiGAGEE, its wccesso.s and ass~gns, may, 4,:~rhvu: ~~o}ice to the VtOAT(',AOR, deat v.;th such successor or success~r ~n interest wi~h reference to ~his
o•rgage and the deut hereby sewred in the same manner as w~~h l.tortgagor w~thou~ in any .vay vit;ating oi d~scha~ging '!~e tllortgagors' liability herr
der or upon the deGt hereby sewred. No sjte o( the prem•ses hereby mortgaged and no fortearan~e on the part of the 1dCRIGAGEE or i±s successors
„r ass~g~.s and no exrens~o~ of the ~~me for the payment ot tne debt h~.eby secured g~ven by rhe i,~~Riv:.G~E o~ its succe~s:.rs a as„gns, a7:alt ope:ate
~o re!ease, dacharge, mod~fy ~hange or affea the org~nai :ia'v:;siy of the MORTGAGOR herein, ei~her in whole or i~ part.
10. It is spec~fically agreed that time ~s of the esser.ce af th~s caitract and that no waiver of any oo'~gat~on hereunder or o~ the ob~gation se-
c~red hereby sha!! a~ any time thereaher be held to be a wei:er of the terms hereof or of the i:~strumem secured herby.
11. In aud~tio~ to the forege:r.7 nwntn;y E»ys:•~ntS ot p~i~c'pa! and interes! required by the pro~nsscry no'c s.xured hrreb~, rnc:tgagor eovenarsts .
+ d agr~es to aay to murrgegee ~n:th ea_h monthly ~,ay~..ent an adJ:~ionat sum cst:~ a~ed b~ mortysgee to be equai to 1 12 of t;;e an:tiual cost of the fotlow-
~7 ~
A-All real p~op~rty taxes lev~.-d o+ assessed ag~~•ut tne acove descri~ed re-at es!ate.
B-Pr.n:;~ns on f~re and .vi~:ds!o:m ~n$~rarce as nerr~n reqa:red to be carried o~i thN !.^rroveme~ts s~tuate o~ the above d-~scribed premites.
C-P~em;~ms o~ such mortgsge gvaraniy ir.wrar.ce as mortgag~e sha~l }rar. rme to r:~ne d~em fit ro tarry on the loan secured hereby.
hRongagee sha (.'ro~n t~c:e ro t~~,e not~fy morrg~gcr ~n w.~t~r.g of the a~^o~-rr dve and p3yabte hereundrr and such surn sb~ll thcreupon be due and
,+b!e on the due ciy~~ ot rha c_xt ~:o:~rh;,r payn:enf a~+d e~ch success~ve =*•onrh thereafe_~ ~::~it mortao,gee shall nottfy mortgagor of a change in such
::,nt. Sutb wms sFa~f be ar~~'ied i~y mortgager toa.atd the payment pf rcai propeny taxes, insuraue prem;ums, a~id mortgage guaranty insurar.ce
. r~r~ium5.
IN \VRp~ESS V:tiEREOF, the sa;d hSOR;G/k~CR has herevnto set h~s hard and sca~ !he day and year firit aforesa~d.
~ ~,Signed, $ealed and detive Ihe pre ~ ncr of: ~
~ Sealj
d t,`.i Ra nd C. Rob ~~a~~
~
- (SeaO
Ann RObeItS _~~a~~
~".-+?E OP FIORIDA
SL . LUC le SS"
COUNTY OF ~
sefa.e ~~~so~wi~y appeared Ravmond G R~bert-~ ~ and
' .J~ I~71I] Robert s his wi1e, to me well known and known to me to be
~F..~ ind;viduats described in and who exec~ted the foregoinq instrument, artd acknowledged before me that lhey executed the same fw ihe pu~poses
~^e•e+n expressed. And the said_ .~O Ann Roberts
+::fr of the sa~d Ra IIOlltj C. Robert s upon separ~te,aod priv~t~ ~
c•a~nfnat:on by me taken separate ar.d apart from her said husband, acknowledged to and beforo me that she ezecuted said ins t freply d wlun- t
y ar.d w~lhout any computsion, consfrainf, apprehen io~~ or fear of or from Itjer said husband. ~
WlTNE55 my lwnd and off,cial sea! this_ day of_ Jllfl@ p ~q 7,2 ~i
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;f , #
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Notar Public in and ~w 1 e S e pP. ~Iq~ida at large
Returo To: 141Y Cdpiro~ssion Txpires: ~
NOTARY FLBLi~ S~ a~ t'~~`?'GJ1 A1'tnhGc i
first Federal Sarings 14 Loan Associat,on „Y L:i)'-:,•`-~" : ~ F• 1.?• i$7~
Of Fart P:e:te. , - - _ ...:{:~=;t;y1;~f(~'~
Fort Pier~r. F!~ rirja ~ ~ . • '
yn rEG0~0ED a, • - _
FllE4 bc ~~~NTY FlA
SS.IU~I..~ J+SAAS
This Instrument Pre ared B John tti. Collins ~O~f .
First Federal Savin s& toan Association ~tEAK C'~~ ~~T ~OURS
9 Pcr~,c?,'.E%~, :~D
of Fort Pierce , Florida ~ ~ 15~~s~~
Checked By.~-_~__ _ ~ ~n~~~
Jv
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, 8oox2Q3 PA~ 14 ~
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