HomeMy WebLinkAbout0779 To place and cantin~ously krrp on ~he bu~'d~ngs now or hereafter s~tuate on sa~d land and on at~ cquip„~eN and personally tovered by this mor
e9e, w~th all prr:~~~ums th~reon Nad .n tu:l, f~re ~~~sura~ce ;n ~he uiuat s~ar~dard po~~cy form, in a su~n aHNroved by thr MOR~"vAGFE, ar,d w~:~dsto
~~~suronce i~ tha usual s~.~ndard pol.ty ionn, in a sum approvad by the MORTGAGEE, in such company or cornpan~es as the fdORiGAGEE m
d~reu; and all flre and w~nJstorm insurance policias on any o( said build~ngs, any intaiest therei~ or part Ihrreof, the a.~gregate sum atoresaid
ezcess thereof, shall :ontain the ~sunl st~~~tiud mOrrgogee clause or sc'h other cia~sa as Ihe Mortyagee may requ~re, ma?ing the ~oss unJrr sa~d po
c~es, each and eveiy, payaLte to sa~d A10RTGAGEE as ~ts ~nt~rest may appear, and eacfi and every such p;,.~cy s1~a:1 i~e promptty ass gncd a~~d dr~~v.:rrd ~
eny hetd by sa~d ti10RIGAGEE as furth:r secwity ro said n~or~gage deb~. and, not Iesa than ten (t01 da~s in advance of the eapi:ot~on o4 each pol~~y, to d.
~:vei ~o said MORTGRGEE a ~ener.al ~hereoi, toge~htr with a rece~pt fo~ 1he pr~mium of such rene,nat; and there shall be no Gre cr winds~c~m ins~renc
p~aced on any of said bui!d.~,gs, any inferest therein or pan thereof, unless in the fo~m and with the toss payable as aforesaid; and in the e~ent any-sun
of money becomes payabie under s~ch poticy or polkies said MORTGAGFE ah~ll have ~he opt~on to reccrve and apH!y liie sa~:~e on account of ihe ind~bted
nrss secured herehy or to pcvmil said MORTGAGORS to recr~ve and use it pt any part It~?:~•ot ior o:i~~•r ~.ur~ oe:•s, ..ni,o~t ~h.••..,r .ti_~.~ rnp..~r
in~ any cqu:ty, lien ot r~ght uncler or by virrue of this mc:tgage; and in the evenl sa,d AiORTGAGQRS shall `or any reason fa;l fo k~~ep Ihe said premis.~s so
~nsvred, o~ (ail to delivei promptly any oi sa~d poLeizs of iniuranee to said MOR(GAGEE, o~ fa~l pzomptly to pay fu~ly any pre~n~um ther~for or in any
respect fail to perform, dlscharg-; execute, eFfect, comptzte, comply with and abide by ih;s cove~~an~, or any pa~~ hareof, said MGRTGAGEf may p~ace a•~o
pay for wch insurence o+ eny parf thereo( w~rhout waiving w affecting any opt~on, Iien, eqv~ty, or right under or b~/ virt~e oF this Mo~tg3ge, and the '
f~ll amovnt of each and every such paym~nt shall be immediately due and payable and shall bear interest irom tha date thereoi ~n;il poid at the rate ot ;
~~~ne per centwn per ann~m and to~~~th~~r vci!h such interest shail f~e srwred by the lien of th~s mo~tgage, i
4. ~o permit, commit w auffrr no waste, impairment or deterio~ation of sa+d property w any pan thereof. ~
5. To pay all and singular rhe costs, cha~ges and expenses, inciuding a reasonable aftorney's fee and cesrs of abstracts of title, incurred o~ paid at -
~ny ti~r.e by sald MORTGAGEE, because w in the event of the fa:lure o~ the part of the said MORTGA~,OR to duiy, pro:»p~ly and fully perform, d~scnarge.
_.~~cute, efiec~, comptete, compty w~th ard ah:de by each and every the stipu~ahons, agreemen>s, cond+t,ons, and covenants of sa~d pranissory note and ~h~s
,,orrgage any or enher, and sa:d costs, charges and expenses, each and every, shall be immrdiately d~e and paya~:e; whether w not there be non~e da
rn;nd, attempt to coll~t or s~it pend~ng; and the fuil amount of eath and every wch paymem shall bea~ interest From the date thereof until paid nt the
o+ ~:~ne pe~ c~nrum per an~w n; ~,~d all soid tovs, charges and expenses irxurred or paid, togathar w,th such interest, shall be secured by the lien of th~s
mortgage.
6. That (a) in the event oi any b+eacfi of th~s Mwtgage or default on the pa~t of the MORIGAGOR, or (b) in the event any of sa:d svms of money
herein referred to be nor promprty and tu~ly pa;d wirhin thuty (34) days nex~ aire~ the same se+era:!y beco~»e due and payabte, witFwut demand or nofice,
or in thr evzro each and evefy the st~pulations, agieemems, condrtions and covenants of sa d pron~issory ~ote anJ th~s mortgage any or either are not
iuly, pro~nptly a~d fui{y perfor~r.ed, d.scharged, executed, eifected, co.npleted, compi~ed w~rh and ab~ded 5y, ~hen in e~ther w any such event the said ag-
~~egate sum menr~oned in safd promusory note tnrn remaining vnpa~d, wi~h intere,t aarued, and ail mo~eys secvred hereby, shall become due and pay-
ac.e forthwith, or thereafter, at lhe opnon ot sa~d MORTGAGEE, as fuily and completety as i( a~f of the said sums of money u•ere or,gina~ly st~pu;ated
~r. be pa:d o~ such dey, an~rl:;ng ;n sad p~o•mssory note or in this Mortgage to the co~rrary notnlthsrand~«g; and th~reupon or thereafte~ a~ the ophon of
s, ci MORTGAGEE, witho~t not~ce or de~nand, suit at law w in equity, there(ore or thereafter begun, may be prosecuted as if all moneys secu(ed hereby i
~._d matured priw ro ds inshtut~on.
7. Thai in the evrnt rhar at the beginn;ng of oi at any rime pending any su~t upon this Mortgage, o? to iweclose it, or to reform i?, or to enfo?ce
c.~:ment of any cl,~~ms he.eunder, sa~d IdORTGAGEE sha{I apply to the Court having ~unsd.a~on thereof for fhe appo~mment of a Receiver, such Coun shaVl
i~hwirh appe~nt a rece~~er of sa~d mortgag~d property atl and sing~far, inc;vd,ng ali and s~ngu+ar the encome, p~ol,ts, issues end revenues from whatever
s: ,:-ce dr+ivcd, e~ch and every of wh ch, be~ng expressly undersrood, is hereby morigaged as if spec.ficaily set forth and deXribed in the granti~y a~d
r• ~:~~~ndum dauses hereof, and sv:h Rece~.er snat{ have a(l ~he broad and effec~ive fu~~cr.ons and po,ne~s in anyw~se entrusted by a Court to a Receiver, a~~d
s_;h appoinrmenr shaN be made Cy s:,ch C~un as an adm;ttcd equ~ty and a rcatie~ of absolore r~ght fo sa~d 117lORTGAGEE, and wi~hout reference ro ihe
c,>_q~ac~ or inadeGvacy of the value of the praFerty mortgaged or to tne so,vency or inso:vrnty ol sa~d MORiGAGOR or the dete:~dants, and that s~ch
•.•s, proiiss, inco.ne, issues and revenues sha~i be app:ied by such Receiver acw~d~ng ro the lien or eq:,~ry of sa'~d MORTGAGEE and the prauice of such -
Ccurt.
8. To d~:y, prompt:y and fully pa.form, discharge, execute, effect, comp:ete, compty w~th and ab~de by each and every the Yipulations, agreements,
c~~:,difions and covenants ~n said promissory no!e and thls martgage set forth.
9. That in the event the owr.ersh~p of ;he mortgaged premises. o~ any part tne~eof, becomes vested in a person other than the MORTGAGqR, the
~ RTGAGFE, irs successors and ass;gns, rn~y, w~thout nofice to ~he MORTGAOR, dta: w,vth svch successor or successor in ~nte~est wirh reterence to this
~•rg3ge ar.d the debt hereby secured in the same manner as with 6lortgagor witFw~ut in any way vitloting w d~scharging the lAortgagors' liabitity here-
~~d~•: o~ upon fhe debf he~eby secur_d. No saie of the prem~ses hereby martgaged ar.d no forbea~ance on the pars of the /dORiGAGEE or its successors
ass;gns and no exrens~on of the r~me for the payment of the debt hereby secured g~~en by the h10RTGAGEE or its svccessors or au:gns, ahall operate
'o re~ease, d~scharge, mod~fy change or affect the orig~nal fiab.i~ty of ti~e NORiGAGOR here+n, either in whole or in part.
i0. lr is spec~i~calP~ agrrcd that time is of the essence of th;s contrad and that no waiver of any obtigat~on hereunder or of the obligation se-
cured hereby shal~ at any t~n;e thereafter be hc:d ro be a wawer of the terms hereof or of the instrument set~red he~by.
I 1. In aod.r.c : to the tore e n, n;enrh!• ~
9 7 ~ paYn'=^ts of pri:upal and interes' requ~red by the prom;;;,ry no~~ s~:~red hcreb~, mo:rga~or ~ovenaMs
+ d agr•_es ro pay to r~.o-~~~gee v.~rh each monrh y pa~r,~ent an add~riona! sum esr ared by mo.tysgee to be equal ro 1. 12 oi thz annual cost of the foli~w-~
~
A-All real proper~y t.~a:s lev~e~ or ass~sseti ag3i~.st thc above desc~ibed rea~ estate.
6 Fr_,,::,,nz on f;r~ acd n~~:dstor=n ~nsuracce as nere~n ~equ:red ~o be ca~r~ed o~ the ,;roveme:~ts s:tuat~ on the above d°scr~trd premises.
C-Preir.~w•~s on such r~~or47sUe guaranty insurer,ce as mortgagee sha!! ;~em. r:~+e +o r;me drem fft to carry on the loan secured hereby_
Morfgagee s~~ ! i~c.m t~ ~ e to n:~~e no+if; mortyagor ~n writing of the a~-o~~t d,:e and payabie he~eundrr and s~ch sum ahaU thereupon be due and
..=b!e on rh~ cl.,r d,,•-~ oi rhe e:_xf ~nenth:~ pairr~nt and each success~ve :*~o~~th the.eafr~r ur.~;i menqagee sna!1 not:fy mo~tgagor of a c6ange in such
wnt. Such su ns s~.~:~ be aYy ,ed by mortgag~e ter ard the paymeni of reat propeny ta:ez, insvrance prem.~ms, and mongage g~aranty insurance
;,'r,niums. ~
IN t'~ITPJE55 7:HFREOF, rhe sa~d MORTGAGCR`{2as hereunto set his har.d and seal rhe day a year ffrst afor a~ ~
Signed, Sea(ed and d~ ' red i the preaence of ~ ~
` / (Seai)
~ or B. Lindbo ~
• (Seal)
- ' ~
- Dolores M. Lin m tseaq
~~•;7E Of ftORIDA
St Luc ie
._:aUNTY OF • ~
Befwe me personally appeared George B. Lindbom and
_ DOIOZQS M~ Lindbo~a ' his w~fe, to me we!! koowrt and known to rru to be
'~~a individuals described in and who executed the foregoing instrument, and acknowSedged before me that they executed the same :w the purposes
. ~he•ein expressed. And the sa~d.. ~~OI@5 ri• I.121CmOII ~
. t~ Geor B. Lindbom ~
of the aa~d _ u(~pn a s qte ~nd priv~te
..,m~nat~o~ by me taien separate and zpart from her said husband, acknowiedged to end beFore me that she executed ssid ' trummt tr ly and volu~
a.:d w:rhout any compuis~on, cor,straint, appre s#~n, or fear of or fr her said husband. ~
WITNE55 my hand and off;c;al seal this_ - " day of .JUI1e q. _~q72
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. • . i
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. N ary PubGc in and ~ thq State of ~'F1Q,tidi at, ~y~}
i.t Comm~ssion expires: - . , ~
Rcrurn To: ^ ~ ~
First Federal Savi~gs 3 loan Asso:iation Q . p(J
~
O~ iorr P.:ce
~o~t P~~rce, Fic:~u+
fIlEO ~MC KE~vRDEO -
~t COUMT'( F~~.
ST. lOC ; ~ r ~?TRAS
This Instrument Prepared By : John W. COllinS F~';,,.,~L'iT COURt . 1'
CIERK' f ~
First Federai Savings 8 Loan Association pf~~,p~, tE ~ _
of Fort Pierce ~ Flc~Yid.~. 33450 Q 31 ~u ~"12
y~- _ ,lu~ 13 ~
~he~ked By~ ~ ;~31291
6~~K 203 7~'8
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