HomeMy WebLinkAbout0236 3. To ptsce and continuo~sly k~ep on tf~e b~~:d~~~gs norv or nerea4ter ~~tuete on sa~d land and on a:~ ~•:~~~N:~~ent and person,~liy tove~ed by th~s mor
ege, with all pren:~~ms thcreon pad m futl, f~re insuroncE ~n ~he uwal standiid ~wl~ty form, in a a~rn ~Faiuvtd by tha h'1UR~uAIiEE, a~~d w•~~~ds~o
~~~surance in tha usual s~a~~d~rd pol.cy (o~~n, in A 3ur,l apµro-.ed by the MORiGAGEE, in such co:np~r.y or co:npan.es as the htORTGAGEE m
dnect; an~l a11 li~e and w~ndstorm iniu:anca poi~c~rs o~ any of aaid build,ngs, any interest thei~in or part th~-rrof, in ihe aggr~gate wm atoresa~d
in eacess thar~of, Sh31{ :Jnt~~n ~ha uwai s~a~da~d nwreg.~gee dause ur such o~her dsuse as ~he Mo~tyayce may reyo.re, making ena icss undr~ s~~d po •
cres, each and every, payaL!e !o smd hIORiGAGEE as ~ts in~~r~st may appear, and each and every i~th pa~cy shafl he promptly ass yncd ~nd de:ivared :
any held by sa~d ~dOR1GAG'tE as (urihar s_cur~ty w sa~d mongage d~bt, and, not less than ten (:Ol days in advjnce oi the exp~rst~on of coch pot~cy, to d~
Idver to sa{d h50R~GAGfE a renewat th~r~~oF, togerher wirh a rece~pt for the przm;uln of svch rene,nol; and there shail be no 6re or w~nds~w~n insvranc
placed on any of sa~d buiid~ngs, any iroe~est thareln or part ~hPreoF, unfess in the form and .vith the toss pay,b!e as atoresaid; a~d in the event any sun
of mo~ey becanes payabte u~drr s~ch poticy or poGcies saiJ MORTGAGEE shait have ihe option ~o rec~~.•e .,nd apFly ttie sa+ue on acco~+~~ of ~he indzbt~d
ness secu~ed hrfeby or ~o perm~t sa~d 1AORiGAGOZS ta~etrive and use it or any part ~h•::aof ror o:n•_r csrs, v,.~i~l,;t ~h,.:u; cr ,~~,p..,r
fng any equey, iien or right under w by virtue of this mo::gage; and in the evem sa:d MORTGAGORS shall .'w any rcaso~ fail to keep the safd premiscs so
ins~red, or (ail to detiver prompNy any of said policies of insurante ?o said A~10RiGAGEE, or f~il pron,ptly to pay fully aoy prtn,~„m the~efor w in any
respect fail to pe~form, d~siharye, eaecute, efied, canplete, comply with and abide by th~s covenant, o~ any part hareof, said MGRTvAGEE may place antl
pey for such insurance or any part thereof w~thout waiving or affecting any opnon, tien, equ~ry, or r~~ht under or b~r virrue of rhis Mertgage, aod fhe
full amoum ot each and every such paymem shall be immediately due and payabte and shall b,rar int~r~s1 f~om tFw date thereof uroil paid at the ~ate of
n~r~e per cen~um pe~ annu~n .,nd to~rth~•r vvi~h such interest si~ali be secu~ed by the lien of th~s mortgage.
d. To permit, tommit or suffer no waste, impairment w deterioration of said property w any part thereof.
5. To pay all and sing~lar the costs, charges and expenses, including a reasonable attorney's fee a»d cosrs of abstracts of tiNe, incurr,:d or paid at
~ny time by said MORTGAG~E, because w in the eveM of the fa~iure on the part of the said l4~ORTGAGUR to duly, p~anptly and futly pertorm, d~scharge.
~xecute, effect, comptete, comply wnh and ab.de by each and every the st~pulat~ons, agree~nents, cond~tions, and covenants ~f sa~d promissory note and this
.T~or~gage any os ei~hea, and sa~d costs, cha~ges and expenses, each and every, thall be immrd~ately dve and payable; whe~her or not ~here be nof~ce d~
mnnd, atternpt to coll~t or suit pe~~d;n9; and the full amounl of each and every such payment shall bear interest trom the date thereof until paid at the
r„te of nine per cenwm ~.._r o~~n~:n; ond all said costs, charges and exprnses incw~cd o~ pa~d, logesher wdh wth iroerest, shall be secured by the lien of ihia
morigdge.
6. Yhat (a) in the everit of any breach of this lNortgage or default on tFr_ pa~t of the MORTGAGOR, or (b) in the event any of sa:d sums of money ~
hrrein roferr~d to be not prompfly and fvtly paid w~fh~n ~h~rty (30) days next atrer the sar.~e severaj:y becoma due an~1 payable, without demand or rtotice,
er thr event each and every the stipuiat~ons, agreements, cond~nons and covenants of sa.d promissury no~e and th~s mo~tgage any or either are not
iuly, promptly and (utly performed, d.scharg<~d, executed, effected, compieted, compGed wiih and a5~ded 5y, ~hen in e~the~ or any such event the sa~d ag-
3regate sum mentioned in said promissory note then remaining unpaid, with intere;t accrued, and atl moneys secured hereby, shall become due and pay
a6:e fotthwith, or rhereafter, at the opuon o4 aaid MORiGAGEE, as 4u1{y and comple~e~y as ii ail of the seid sums of money wcre onginally st~pu:ated
tc be pa;d on wch dey, anyth{ng in sa:d pro:n[ssory note or in this Morrgage to the ca~trary not+vithsta»ding; and thereupon or thereaitrr at the ophon of !
sa:d MORTGAGEE, v~ithout notice or demand, suit at law or in equ~ty, the~efo~e or thpreaiier begun, may be prosecuted as if all moneys secured hereby
n~d mawred prw to ~ts institut~on.
7. That in the event that at ~he beginning oi w at any time pendinq any suif upon rhis Mortgage, or fo fweclose it, w to reform it, or to enforce
payment o( any ciaims hereunder, said MOStTGAGEE sha;t apply to the Cowt havirg ~ur~sd~d~on the~eof for the appoimment of a Receiver, such Court shail
icrthwith appoint a receiver of said mortgaged property all and sin9ular, includ~ng all and singular the income, pro(~ts, issues a~d revenues frpm whatever
s:vrce derived, each and every of wh,ch, i~ be;ng eapressly undersrood, is hereby mortgaged as if spec~ficalty set forth and destribed in the granting and
h3oendum clauses herrof, and such Recriver shall have all the br~ad and effeaive (unct~ons and po~rers in anywise emrusted by a Cou~1 to a Recerver, and
s~:h appoinrment shall 5e made by such Court as an admitted equiry and e matrer of a5solute Nght to sa~d MORiGAGEE, and w~thouf reference to ~he
a.l-yuacy w inadeq~acy of the va!ve of ~he property mortgaged or to the so:vency or ~n;olvency of said MORiGAGOR or the defendants, and that such
r_••~rs, pro(its, income, issues and revenues shall be appl~ed by such Receiver accordng to the lien or eq~ity o( sa~d MQRiGAGEE and the practice of such
Court.
8. To du~y, promptly and tully perfo~m, distharge, execute, eifecf, complete, con,pty with and abide by each and every the stipulations, agreements,
conditions and covenants m sa~d promissory note and th~s mortgage set forth_
9. That in the event the owne~ship of the mortgaged prem~ses, or any part thereof, becomes vested in a pe-son other than the MORTGAGOR, the
.'pRiGAGfE, its successors and ass~gns, may, without notice to rhe A~ORTGAOR, deal with s~ch sutcessor or wccessor in interest with ~eference to this
^ crtgage and the deot hereby secured in the same manner as with ttortgagor without in any way viLating w d~scharging the Mortgagori liability her'e-
~~der w upon the debt he~e~y secur~d. No sa!e of the prem~ses hereby morrgaged and no forbearance on the part of the MORTGAGEE or its successors
e~ assigns and no exrens~on oi the time for the payment of the debt hereby secuied given by the MORTGAG:E or ~ts successors or ass~gns, a~~all opetate
+o release, d.scharge, modrfy change or affect the orig;nal l~aullny of the MORiGAGOR herein, either in whole or ia part.
10. It is spec~fically agreed that time is ot the essence of this conrracr and that no waiver of any obl~gat~on heieunder w of the obligation sr
c:,red hereby shalt at any t~me rhereafser be hetd lo be a wa~ver of the terms hereof w of the instrument secu.ed herby.
I1. In a;i~.t[o~ to thc forE:3ol:9 month`.y paym•~MS of princ pal and interest requ~red by the prom sscry ne'e secured hereb~, mo:tgagor ~pvenaMs
r,d agrees to pay to n:o•rgag..e v, ~th aach month~y pa~: ,eni an acld~~ional sum es!:ma~ed b~ mortgagee to be eq~a+ to 1. 1? of the annval cost oi the follow-
a-au rzal property taxes iev~ed or assessed ayainst thc above descr;5ed real estate.
6- Pr~:r,;u~~s on f~re and windstorm inwrance as he:ein requ:r~ to be carr~ed on the improvem@nts situate on the abov~ d_sc~ibed premises.
C--Pre~n~ums on such mortgage guaranty ir.sura~ ce as mortgagee shai[ from t me fo time deem /it to carry on the loan secured hereby.
Atorrgagee sha`I frorn t~~ne to t~me »orefy mongagor in wr;t~ng of the ar,-ou~+ d;re and payable hereundar and such s~~~ shall there~pon be due and
.~,ab!e on tne dve date of ~fie ne~t mOnth:~ payn~nt a•id each successive momh thereait~r ur.sit mortgagee shalt notify mortgagor of a change in such
ounr. Such sums sha!I be app'ied by morigaaee ~oward the paymem o~ reat property taxes, insurance Frem:ums, and morrgage guaranty insurance
.-~erniums.
iN YfITNESS 'h'HEREOf, the sa~d MORiQ~GOR has here~nto set his har,d and scal the day an e first af resaid_
.1Signed, Sealed and deEiver ' the pr~sence of:
i ~
~ .
i - ~ ee ~icGr s°ai~
• - Ct ~ L./ y (Seaq
;
_ ~ nice A. ~fcGri ~5`an
- - cseaU ~
;iHTE OF FLORIDA ~
:JUNTYOF St. L~~ie ~
1
Before me pe~sonalty appeared ~oy Lee ~ icGr iff '
and
, .JaT11C@ A• +~iCGZlfl` h~s wife, to me wefl known and know~ to me to be
'ha individuals described in and who executed the foregoing~ instrurrKnt, and acknowledged before me that they executed the same iw tha purposes
Janice A. blcGziff
ein exp.esud. And the said_._. .,-_t:.~f
`e oi the said Roy Lee ~SCCixlf - : • ~ _
_ , u ~
:•am~nanon by me taRen separate and apart iro:n her said husband, a~knowtedged to and before me that sne executed sa~d it~r~t;,~~j ~ vp?uY? ;
'3•:ly and w;~hout any co.~+putsion, consuaint, appr qs`on, or fear of or from her sald husband. _ - _ • •
~
t ~ ~ .~LIIle ~ 1~.~• ~ ~ -
WITNESS my hand and official seal thia__. day of__T~j' ~.p ~~w
; ~ t~
~ . .
_ NOtary Public in and i thr,/Stst~ ~.apritla ~t larQe ~ ;
• ,
NYy Comm~ssion expires: / ' : ~ ' - ~
Refum To: ' ` • c.i .
first Federa) Savir~gs 3 loan Aswciat:on f t`'t`~ i``~t i-f:J'~~ ~~.Lh~~:ti•~
ticv - . - . . j9
Of forf P c..-~ ~ T~
~'.nL ~ie._ ~_~~:itt~.Lti'iii~i lj,~~~: .
fort P~.~•:e. Flc•id~ T::R
FtlEO ak_~ KEti:+~DEO f
This Instrument Pre ared B J• H. RobeYts Jr. ST.Ltl6~E :OUNty FLA.- ~ S
P y ~ ' AOGf c r ^ ~rRAS ~ -
First Federat Savings 8. Loan Association ~ f
. of Fort Pierce~ Florida, 3345C pErORC Y~F,fi`p ~OU----~'`_
~
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