HomeMy WebLinkAbout0970 3. To pla:e ard conr~nuo~s~y k<ep on it~e hw d~ngs novv or he:eafier s;tuatr on s~~d land and on e!1 rq~~H~»rN ard personally covered by th~s moi
ege, w:th all pren~iu~rS th~•reon p~ d.n full, I~r~ ins~~e~tcc ~n the us~a: s1e:~d~rJ Hu ~cy form, in a s~~~i aF.p~o~~d b~ the A1UR~ "v%.GEE, a~~d w~:~Jato
~ns~ran(2 in thz us~.il S}a~ida••d po!~ty form, in 0 s~m apprO~ed by tha M~JRTGAGEE, in futh Cornpany O~ CO•r.pan~@S a3 ihe h10~2TGAGEE m
d~rrct; and all iira and w~ndarorrti insu~.~n~z po:~c~rs on any oi aa~d bu~id.ngs, any i~rer~st the~em or part th~reuf, in the a99r~gorz su~» ato~esa~d
in eacess the~eof, sF~all cont;ln tha uswl s~a::d~rd n~ortg~gre ciaute or wch oihe~ c~3use ~s the hle~ty3gee may requ~~e, making ~ha ~css w~da~ s~~d po
c~es, each and eve~y, pa;ab'e to sald h~JR1GAGEE as ~ts ir~eres~ ~~ay appea+, and each and every such po:~cy ih,~il be promNt~y assgn.:d a~~d de~~+~<«d '
any held by sa~d fdORiGAGiE as funhcr s=cu~iiy ro said n:ortgage dcbt, and, ~ot leu than ten (10) dars in ad.ance oi the expirehon of each pol~cy, to d.
I~ver ~o said MORTGAGEE a ~enevfal tl~ereof, roge~hrr with a rece~pt for the prrmium oi such renrw~l; and ~F,e~e sha;l br ~~o f,re or w~~~:1s~o•~~~ ~~~suranc
plated o~ any of said b~ildings, any interesl thcrein or part ~hereof, unlrss in the (oim and with the ~oss payab:e as aforesaid; and in the event any s~n
of money beco~nes payable undrr wch policy w poGcies sa~d MORTGAGEE shall have the opt,on io ~ecv+vr ..~~d apH!y th~ sa:ue on accou~u of the ind~bt~d
nrss secured hareby a to pennlt sald b10RTGAGORS to recc:ve and use it or any p~n th•~:eof ioi orm r,:~~; ~s<s :..+i,,,;t rh c. ~•+:p--~'
ing any cqu~ty, lien or riqht unda~ or by virtue of this mcrcgage; and in tha even~ said AIORTGAGORS shall fo~ any rcason (ail lo krzp the said prem~aes so
lnsured, w fail to deGver promptly any of sa~d po6cias of insurance ro sa~d MORIGAGEE, o~ fa~i p:omptty to pay fu:~y any p~r:n~~~n therrfor or. in a~~y
re:pect lail to pe~form, d~schar~e, eaecute. effect, canptete, co~nply wirh and abide by ~hls cove~unt, or any pan hz~rrof, sa~d MGRi;',AGEE n,ay plac•~ a•~o
pay fo~ such insurance or any pa~t thereof w~thout waiving or affecling any opt~on, lien, equ~ty, or right under or by virwe of th~s hlortgage, and thE
f~il amo~nt of each and e.ery such payment shall be ~mmediately due and payable and sfiall brar interest from tha date theroof {:I111I pA~d at the rate oi
n~ne per ceroum per annum and toqe~h,.•r wlrh such inte:est shali be srcured by the Gen oi 1hls mo+tgage.
d. To permit, commit o? suffer no waste, impairment o~ deterioration o( said property w any part thrreof.
5. To pay all and sirtgular the costs. charges ar~d expenses, including a reasonable atrorney's fee and cos~s of abstracts o4 t~tle, incur.ed or pa~d at
nny time by sa~d MORiGAG:E, because or in the evero of the fa~lure on the part of ~he said MORTGAGOR to du~y, promptly and fully perform, d~scharge.
_~xecute, etFeU, comp!ete, co~npty wnh and ab:de by each and every the stip~la~~ons, aqreemenr=, cond~fi •ns, and covenants o( sa~d p~wnisscry note and fh~s
morrgage any or erther, and sa:d costs, charges and expenses, each and every, shall be immrd~ately due and payab:e; whe~her w not theie be nonce dr
n,and, atrempt to coflecl or suit pend~ng; and the ful: amount of each and every svch payment shall bea. in~eresf irom tF~e date thereof untit pa~d at the
~,r~ ot n~ne per c.:ntum ~r an~~„ n; ~~~d ail sald cos+s, cnarges and ex~a„ses ~rxurred or. pa~d, togethcr ~v.rh such interest, shall be secured by the i~en of this
mortgage.
6. That (a) in thr everrt ofany_breach of thia Mortgage or default on tF~ part of the MORTGAGOR, or ~b) in the evem any of sa:d sums of ma~ey
hcrein ~eferred to be not pro~npriy and fu~ly paid wrthin thuty (30) days neat after ~he same severa'ly hecome due and payable, wirfwuf demand o~ notice,
o~ (r) in thr event each and evrry the snpv~at~ons, agretments, conditions and covenants of sa d pro~nissory note and th~s matgage any a either are not
joly, promptty and fully pe~formed, d.s:harged, exe:ured, eifeued, cdnpleted, compl~ed w~th and ab:ded Sy, then ~n e~ther w any such event the sa~d ag
~regate sum ment~oned in said prom~ssory note then rema~ning unpa~d, with inter~st accwed, and a~l moneys sec~red hereby, shall betome due and pay
eb.r for,hwith, or thereafter, at the op!~on of said MURiGAGfE. as f~lly and comple~ely as il atf of rk,a sa~d s~ms oi rtwoey were or~ginaily st~putated
ro be pa:d on such dcy, anything in sa.d promissory nore or in thls Mortgage to the confrary notwitF.standing; and thereupon w thereafter at ~he op~~on of
s;.d MORTGAGEE, wi~hout no~~ce or demand, su~t at law o~ in :quity, the~eEore a thereafter be~~a~ ~e prosecuted as if all moneys secured hereby
n~d matured pno~ to ~ts institut~on. , ~ i ~'R•~~• • ~~~'1j ~
7, That en the event rhat at the beginn~ng of or at any time pending any su~t upon ~hi~ 1~pe~p r o~e2~q s~~e to reform it, or ta enforce
Fayment oF any clairns hereunder, said fAORTG~GEE sha~l apply ro the Couri having ~e;.~sd:c~~o E,i~~
a,!' 6F`t r~~oA"a1Qe(7~ivp~~~4ch Cou~t shail
icnhwith appomf a receiver of said mortgag ~ pro{xrty atl a~d sing~.ar, indud:ng ai~ and sing~f(~ ~e, ptb(IW+'1~i~~aryi.~e~ whatever
s; ~•ce derived, each a~d every of wh.ch, rt be~ng erp.ess!y undersrood, is hereby mortgagrd ~l.~c ~c seT fortA an~~r~ ~p,t}~~nting and
h;bendum cia~ses hereof, and sucfi Recewar shati have a~~ the br~ad and effecr,ve funct.ons and powers in anyw~se emruste by a oMt~~~ river, and
s. ch appo~ntment ahail be made by such Court as an ad:nittrd equity ar.d a matter of abso!ute right ro said MORiGAGEE, a~d without ~eference to the
r.claq~aty o~ inadequacy of tF.e va~~e of the property rcorigaged or to the so.vrnty or inso~venty of sa~d MORiGAGOR Ot Ihe defendants, and that s~th
r~ ~,~s, prof~ts, inco.ne, issues ard revenues sha~~ br appi~ed by such Rec~~~er accord:ng to the lien or equity of sa~d MORTGAGEE and the prattice of such
Court.
8. To dufy, p~omptly and futly perfo~m, discharge, execute, effect, complete, compty wirh and abide by each and every the stipulations, agreements,
;onditions and covenants in said promissory note and ths mortgage set forth.
9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
h'.02TGAGEE, ~ts successors and ass~gns, may, wi~hou~ r.otice to the MORTGAOR, deal w~th s.,ch successor or wccessor in interest w~~h reference to thls
^ o•tgage and rhe debt hereby sxured in the same manner as with ~dortgago. wirhout in any way viY:ating or d~scharging the IJlortgagors' (iability here-
;,nder or upon the debt hereby secured. No sale of the premises hereby mo~tgaged and no fo.bearance on the part of the MORTGAGEE or its svcceswrs
o~ ass~gns end no extension of rhe time for the payment of the debt hereby secu~ed given by the MORTGAGEE or its svccessws o• assigns, a~~afl operate
ro release, d~scharge, modify change or affect the o~ig~nal l~ab„~ty of the MORTGAGpR here:n, either in whole or in part. '
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10. It is speoficatly ag~eed that ti~ne is of the essence of this cororact and that no waiver of any obt:gai.on hereunder w of the obligation sr
c~red hereby shall at any time thereafter be ~efd ro be a waiv<r of the terms hereof or of the instrument srcu+ed herby.
I l. In add ~~o^ to +he foregc ng .ror.rMy payn~ents of princ paS and in~eres! requ~red by the prom s>cry no~e sec~red he~eb~, mo:tya~ar eovenants
r•:d agrees to Ndy ~O Ii1G"t~3(3Cf v~~'F~ cach r+~n+h,y ~,ai~..ent an atid~~ional sum ~~sr ~:ared b~ mortgagee to be eq~ai to 1 12 of t~:e amwal cost of the (oliow-
A-Atl rEa! Fr.operty tanas !e•n~~ or ass^ssed agai•,st' th~ acove desaibed r_ai estate.
~ B Pr~•~.~u~ns o~ f~re and .vindsror~r, ~r,svr~rce as herein requ~red to be carr~ed on the :mprove~»ents s~tuate on the above d_su~bed premises.
C-Prem;u~~~s o~ such morrg:;ga g~aranty ~nsu.a~.ce as mo~tgaGee sha!I frerc t me ta n,ne deem fit to carry on the loan secured hereby_
; Mo.tgagee sh,!I fiom h~ne to tl~ne not~fy mcrtyagcr in writ~ng of the a~:~ou~t d~e and psyable hereundrr and wch su~i sh~il thereupon be due and
~ ,,able on !he d~e da+e of ~he ~~ect ~r,omh'.~ paymeM and e~ch wccessive month thareaftar uctil mortgagee sha~l not~fy mortgagor of a change in such
! ,'~~nt. S~ch su~ns s~a.l be a;,piied by mortgag~se rowa~d the payment of real pro~.e~ty taxes, insura:ur prem.ums, a~~d mortgage gcara~ty insurance
! .•'~~n~VTS-
~ IY V~IT~~ESS :.NEREOF, the se~d MORTGAGOR as here~nto set his hand and sca! the day and ye ust oresa:d.
f Sigrced, Sealed and livered i the presence of:
~ ISeaq
~ St hen . Hunter ~~aia
; ~ c5eaq
~ f - ` - oretta Hhnter tseao
S'~+TE OF FiORIDA ~ ' ;
u.
;JU!JTYOf St. Lucie ~ ~
Stephen C . Hunter - ~w~' ti - ~
@efore rree personalty appeared _ ~ •
~ _ ~.Oletta Hunter h~s w~~e, to me well knwaA~~nd known ! me tbbe
rF.e indrviduais described in and who enecuted the foregang instrument, and acknow~edged before me that fhey eaecuted the 3'alne 1of..fl~e. ptrrpo~ls
~ rherein eapcessed. And the sa~d__ Loretta Hunter _ - ~ : + ~
Stevhen C. Hunter , ° „u a„a „at. ~
+.:fe of the sa~d _ - }rpoo ~i
~ e.am~nat~on by me raken separate and apart from her sa~d huaband, acknowfedged to and before me that she executed ajlf•.tnstrvme frw~y andirotw? ,
~~~.~y and w~thout any compu;s~on, ccnstra~nt, apprehe ~r~, w fear of or from F~er said husband. : " j
~ ' e~ , ' ~
WITNESS my hand and offic:al seal this_ day of u e ''I' .J1:~:' i91.~
~ • nc~c1 ~ ;
Notary PubYc in a d f r the State of Ftorids ~t large ?
y Comm~ssion ezpir s: ~
Retum To:
_ r.~ Ftocr~~~. . • ~sE
first Federal Savin s 3 loan Assouat:o:, {
~ ~ ~ , - --:'ES Mr~ . ~
c":< Of ~ort P. c~ . . ~ p t
M:, u.~.~.-.LYL ii\~' i ti1.~V V~~~~'i~i.. •iJ/ {{iL~
Fort F_v'e F:er"da
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~
~ ftlEO Axu ~E~LRGEA
~ st.wc,ct:c~-`~"-,~;?s` 1~~1~
This Instrument Prepared By Gary F. Ellwood RO~~ ~OURT
~ First Federa! Savings & Loan Association ~~r~~ J
~ - of Fort Pierce, Florida RF~''~
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~ Checked B~. ~1 ~ `1 ~ ~19 ` n 1
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~ 6WK ~D3 PACE 9~
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