HomeMy WebLinkAbout0562 3. To p~.~ce and co~,~~nuo~s!y ~eep on fhe b~~'d~•~gs non or herealrer s~wate on s~~d tand a~d on atl equlpment and persona~ly coveied by th~s mo~
e~e, w~th ait prrmlu~ns thereon pa.d ~n Iufi, i~:e ~ns:,~~ncr ~n the ~sual scandard po~~cy fo~m, m a sum aHpro.ed by thr MOR~vAGEE, and w~ndsto
~nsurance in ~ha vtual srandord poLCy fam, in a su~n appro.ad by the MORTGAGEE, in such tompany or compan~es as the A102TGAGEE m
d~rect; and aU (i~e ar~d w~ndstorm insu-an~e po:~cws o~ any of sa~d b:,itd~ngs, any iroerest the~ein or part !hrreof, in the aggrcgate s~m aforeeaid
~n ezcess ~he~eof, shall conu:in the us~a! st~~,d,rd n~or~9.~gre uause w such o~her dause as the Mor~gagee may requ.re, maM~ng ~he ioss under sa~d po
c~es, each and every, pay:,b'~ to sa~d ~~ORTGAGEE as ~ts interes~ may appear, and each and every wcA po•.c/ st~all be prompuy ass g~~ed and drlivared ~
eny held by sa~d htORfGAGEE as tur~her s:cu:rty ro sa~d n,ortgage debt, ard, not less than ten t10) days in ad:ance of ~hz expira~~on of each poGcy, to d.
I~ve~ to so~d MORTGAGEE a renewal thereof, foge~hrr wi~h a~rece~pt for the premium of wch rene.~a~: and ihrre shail be no f~re or w+ndstorm ~ns~ranc
placrd on any of said bu~ldmgs, any inte~est thrre~n o~ part ~hereof, unless in the form and wnh the ~oss payau:e as aforesaid; and in the event any sun
uf money beco~nes payabl~ undrr such policy or poLc~as said A10kiGAGEE shall have ihe ophon ro rec_ive ~~~d apH!y the sa~ne on accouni oi the i~~drbtrd
ness secured hereby o~ to pennif i~id 1AORTGAGORS ro reCa~ve and use it W any pa~t th•~:eof tor o:n••r ~.or, ~s_•s, ~'.:~n;,,;t ~h:•..,r '.v.:~.~:~ c~ ~~+~P~~r
~ng any eq~~ty, I~en or righr under or by vi~tue o1 this mort9age; and in ~he event sa:d MORTGAGORS shall :or any reason iail to k.ep the aa~d premisrs so
~nwred, o~ fail to del~ver pro:npt~y any of sa~d poGcirs of insurance to sa~d MORTGAGEE, o~ f~~f promptly ro pay fulty any pre~n~um therefar or ~n any
respect fail ~o pe~4orm, d~scharge, executa, el!ed, comptete, comply with and ab~de by th~s covena~v, or any p+rt hrreof, sa~d MuRiGAGEE may piace a~~d !
pay fo? such insurence or any pa~t thereof w~ihout waivi~y o~ afiecting any option, lien, equ~ry, o~ righ~ under w by virtue of ~his Mortgage, and the !
.,,il amount of each and every such paymrm shall be ilnmediately due and payable and shall baar intereei from the date thereof until paid at the rate oi 3
~~~~e per tent~m per annu~n and to~rthar wifh such interest shal~ be sec~red by the lien of th~s mortgage.
4. To permit, commit or sut(er no waste, impairmeM or deterioratlon of sa~d property w aoy part lhercof.
5. To pay all and singular the costs, charges and expenses, including a reasonable attorney's fee and costs of abstracts of title, incur~ed o? paid at
~ny ti~r.e by sa~d htORiGAG:E, because o~ in the event of the fa~lure on the part of the said MORTGAGOR to duly, promptly a~d futly periwm, d~scharge.
-xecute, effec~, complete, comp~y w~~h and at,.dr by each and every the stipu~ai~ons, agreements, cond~~ions, and covenants of sa~d ~romissory note and thii
,,ortgage any or e~Ther, and sa:d costs, charges and exH~enses, ea:h and every, shall. be immediate~y due and payable; whether or not the~e be ~ot~ce d~
r.,and, atre:npt to cotlect or suit pe~~d~ng; and the full amount of each and every wch payment shall bea~ int~reit from the date thereot until pa~d at the
~.:fc o~ n~~~e f:er trni~m per a~~~~u:n; ~:~d ali sd+d cos~s, cha~ges and .:xpenses 7ncurred or paid, togethcr ~v~th such ~n~erest, shall be secured by the lien of th~s
mortgage.
6. That (a) in the eveM of any breach of this Mortgage or deiault on the part of the MORTGnGOR, or ;b) in the eveM a~y oi sa:d sums of money
h~~~ein :e4erred to be not promptly and fully paid wifhin thuty ~30) days neat after the same severoity becane due and payabfe, without demand or notice,
or icy in thr event.each and eve~y the st+putat~ons, agreements, conduions and covenann ot sa.d prornissory rota ar~d ih:s mortgage any w either are not
i.,!y, promptly and futly pe~for~ned, d.s:harg:d, executed, effected, comp{eted, compl~ed wi~h and ab~ded 5y, then in either w any such event the aa:d ag
~~~gate wm mznGOned in said pro~mssory r.ore thrn re•»a~ning unpaid, weh intr~es~ accr~ed, and afi monrys secured hereby, shall become due and pay
au e fo~thwAh, or thereafter, at the o{~t~o:~ of aa~d MORiGAGEE, ds (uify arxl compietcly as if a~l of the 53i(~ sums of money were or~ginai?y ahpu~ated
ro be pa:d o~ svch day, unyth~ng ir sad pre:n~isory note or in this Mortgage to the co~~trary noiVV~~hsta~~d~:~g; and thcrcupon or thereaher at the opt~on of
s+..i MORTGAGEE, w~rhout nonce or dr~nend, s~~t at law or in equ~ty, therefore or thereafrer beg~n, may be prosecuted as if all moneys secured hereby
r.,d mat~red pr~or to ns insutut~on.
7. Tha~ in the evenf ~har at rhe ~ey~nn ng of or at any t~me pending any suit upon fh~s Mo~rgage, o. to fweclose it, or to reform it, or to enforce
~ a•,ment of any c~~~ms hereunder, sa~d :'~JRS~,:;v:E shall apply to the Cou-~ having ju~~sd.ct:on thereof for the appoimment of a Receiver, such Court sha~l
icrrhw~fh a c:n~ a rece~~er ef said m~.+7 , d ro crt a!I and s~n ~kar, indud.n all and s~.~ uiar the ircon,e, rofas, issues and revenues from whatever '
PP 4~ F' P i 9 9 9 P ~
s. u•ce derived, each and eve~r of N:~ eh, rt t,r:~:g expressly unde+stoed, is hereby mortgaged as ~f specd~cal{y set forth and destribed in the granting and
i„be~xlum ctavses hereof, ar.d s~ch Rccr~~cr she!~ hare a~l the broad and effecfive f~nct,o~~s and powers in anyw~se em~usted by a Court to a Rec~iver, and
s.ch appointmenr sh~l: be rrade by s~ch Co~~r as an ad:nittcd eq~ay a~~d a matte. of absoiute right to said MORTGAGEE, and witho~t reierence to the ~
~:i_yuaty o+ inadequacy oi tF.e value of the ~~roHerty mortgaged or to ~hr so:vency or ~nso~~rrncy o1 said htORiGAGOR a the deSendant~, and rhat such
~s, prof~rs, inco~ne, ~ssues and re~en~es sh~:I be app~ied by such Reterver accord~ng to the ~~en or rq~ity of said MORTGAGEE and the practite of wth
Co~rt.
8. To d~:y, prompt:y and fui~y perto~m, d~s:harge, execute, eftect, com.plete, comply w~rh and abide by each and every the stipulations, agreemeNS,
~rdirions and covenants ~n sa~d promissory note and th[s morrgage ser forth.
9. That in the event rhe ownersh~p of ihe mortgaged prem~sez, or any part tnereof, becomes vested in a person other than the MORTGAGOR, the
Y^RTGAGEE, its auccessors and ass~g.^.s. may, wiihoui notice to the .t!ORTGAOR, deai w:th s~ch successor or successor in interest w~th reference to this
~•tgage and the d_ia hereby secored i~ rhe same manner as w~th ~Sorrgago~ w~thout in any way vlt:ating or d,scharg~~y the Mortgagori liabii+ty her~ f
der or upon the dett here~y sec~~ed. No sa!e of the Frem~ses h~~reby mortgaged ard no forbearance on the part of the IhORTGAGEE or its successon
~ assig~~s and no eatension of the t~me for the payme~+t of the debt hrreby sec~red g~ven by the ~10RTGAGEE or its successors ot ass~gns, a~~ati operate
ro re!ease, d:scharge, mod~fy cha~:~e or affect the or~g~nal Ga~.;ny of ihe MORiGAGOR-`.ere~n, either in whole or in part.
10. It is speufiwiiy ~grced ihat time is of the essence of th~s contract and that no waive~ of any ob?~gat~on hereunder w ot the obligation se-
cured hereby shaU at any t+n:e ~h~~:eatter bs heid to be a wai+er of the terms hereof or of the instrurncro secured herby.
11. In ~cid tio~ !o tr,e io:egc ~g ~nonth!y ~ay~r._nts of p:inc pa~ and intarest requ~:ed by thc {:rom s>cry nore secured hereby, mortga~or tovenants j
~•:d agrees to pay to n:o•tgeg~e ~n~rh ea:h ?ionth:y pa~r ;ent an add:rwnai wm csr:, ated bf mortyjgee to be equai to 1 12 of t,ie annual cost of the folfow-
,3 +
A-All rea~ propcr'7 ta.~s ~e.:_~ or 355e55~U ay~~ ~st tnc above desvibcd reel estate. ;
B P~~.:.;v•:,s en fire•.~r.d :.~r.dsro•~» ~ns•.,ra~ce as he~r~n regu.red to be carr~ed cn th•~ ;mprovemenis s:tuate on the above descr~bed prem~ses. S
~I ~
C-Prc:n~u^~s o•~ <<.ch +~;on~}ge g~arar:ty ~esura~ce as mo*tgayee shail frer^ r,r~e to tu^e derm fit to carry on the loan secured hereby.
N:ortgagee z~~s'i '.an r~rne to tin:e not~fy mo~tyagor i~ writ~ng of the ac~ou~t d~^ a^.d payab!e hereundar and svch s~m shaEl thereupon be due and :
E .,,.;ble on th~ cl.,.~ a..!~ of th~ ce.! m:o~th'.~ payn~e~~: and each success~ve ma-~th therea~~~r u~:iii mcrtgagee shall notlfy mortgagor of a change in such ~
~ ;,nt. Such su~ns s~a•~ 'te a~.F;'.~ed by n~ortgay~.e to.oa.d the payment of real property taaes, insurance prem.ums, a.~d martgage guaranty inwrance
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F IN \'11T~JE5~ 'NHEREOF, the sa~d MCRTGAv02 has Fereunto set his hand and seai the day a~d year firs~ aforesaid.
# S~gned, Sealed and deliver~d in the presence of: ~
~ i • _ ~ ~ ~'r`_~ (Seal)
~ " Q/ ~Jilliam . Naulsee, a singl~a~dult
g . _ (Seal)
(Seal)
~ - -
~ ~"~?E OF FLORIDA '
~ _ JU!dTY OF St • LUC lp ~ ~ i
tdilliam H.~~aulsee, a single adult
~ Before me personally anpeared - _ and
-fAS-Nt1l, to me well known and known to me to be
~ rt,= individual/ described ~n and who executed the foregoing instrument, and acknowiedged before me that ~hey executed the same EQr the purposes .
. [ -
~ rtie•ein exprcssed. Apd~.saib_---_---_- . '
~ a.:e..nE 1he.said - - -~'~'~~a1~'M+~~wwN
`.+~~.a~oaa:osi~ 1»e-ta~ar?~e~a~.awi ~rM -iw~ ~er-~a~~i ~e~ba.~~ ~ek~onledged ~ e~d ~befe.r rne +he~al+e exea,~ed ~wi~iw~r~rr~Arti~eelr end~+w~r~
~ ._L'y ~l1d~1i~~~~L il1~.CGiUi~uiiiOtb iOoWi+otr ~PPy~P]AO..w 1ea~ ~f-or .Ewiw J~M ~si~iK~wdr . -
~ _ -
~ WITNESS my hand and oif:6al seal th~s _-?nd day of J~e - A. D. 19~:._ ~
~ / -
s~ ~ .
otar Pubiic in for t SJjft s at lar
~ • My Comm~ssion expi~es• iL ' ~ , ~
~ Ret~m To: 'r~~:"-t"
~ F~rst Federal Savings 8 Loan Aswc~at~o~ ~
1;
= Of fc;rt P.e:c.~
iort P~erce. fic;r:;ie `
~ Fi~EO RECOROEO ~
ST. IUC~f ~~UNTI' FIA. ,
~ RGCc? r0lTRAS G
~ CIERK C~I~CUIT COURT ~ ~
This {nstrument Prepared By Gary F'. Ellwood RF~`'''-' ~t ?+ED ~ ~
~ First Federal Sav~ngs & loan Association `
~ of Fort Pierce ~ Floz ida ~ 9 4 oa PM ~'1
~ Checked BY - -
~ ~ 2311'7
~
~ 800K 2~ PACf s
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