HomeMy WebLinkAbout0976 3. To place and continuous~y lecp on the bu~'d~nga now or hereafter •+tuate ort se~d land and on aL' cq~;pn,en? and personally covered by ~h~s mor
age, w;th all prem~ums thereon pa•d m f~ll, f~re insvrance in the ~sual s~a,xlard poi~cy form, in a swn aHp~o~ed by ~he 6tORCGAGEE, a~~d w~ndsto
~nsurance in tha usual uandard po!:cy lo:m, in a wm approved by the MORTGAGEE, in such compa~~y or tompanies as the AjORTGAGFE m
d~rect; and all fire and w~+~dsto~m inswance po~~ues on any of sa~d buiid~ngs, any interest therein or part thereoi, in the aggr~gdle sum atoresa~d
in exccss Ihereof, shafl :ontain the uaual s~andard mortgagea ciau:e or such o~her c~ause as Ihe ~do~tyagee n~ay reqwre, maAing tha ioss undrr sa~d po
cies, each and every, pay~ble to sa~d MORTGAGEf as ~ts inrerest may appear, and each and eve~y s~cA po:~cy sha~l br pron~pHy ass gned and dat~v~rrd ~
any held by sa~d h10RfGAGEE as funher s.writy to said moitgage debt, and, not les~ Ihan ten (10) days in ad.an~e oi the expuarion of each policy, to d.
I;ver to sa:d MORTGAGEE a renewal thereof, toge~hzr wiih a rece~pt for the premium oT such renewa;; a~~d rhrre shaH br ~w i~~e or w;~~dsto~~n insuranc
placed on any of satd b~ild~ngs, any interes~,thcrein o~ pa~t thereof, un!eu in ~he form and with the ~ess pa~.~bte ~a aforesa~d; and in the e~en~ any w~
of money becomes payable unde~ such poiicy or polic~es said MORTGAGEE ~hell have the opt~on ro rec~iv~ and apy!y fhe un,e on atcoun~ oi ~he indrbt~d
~ess secured hereby or to pem~it sa~d MORTGAGORS to reteive and use it a any par~ tne:ruf ior o:nrr pu~}•os~~s. ~.nV,~ut ~h_n ~r ~r.::•~ ~3 cr ,~r~p~;r
ing any equ~ty, lien or right under w by virwe of th;s mortgage; and in tha event sa~d h10RTGAGORS shall `or any reason iail to keep ~he sa~d prein~sas so
insur~~rJ, o~ fail to deliver prompHy any of s~id pol~cies of insurante fo sa~d MORTGAGEE, or foi't prompr7y tp pay fut:y any p~e~~~ium fberefor or in any
respect tai~ ?o perfwm, d~scha~ge, eaecute, effect, complerr, cornply with and abide by this covenanf, or any pen hareof, sald MGRTGAGEE may piacr a~tl
pay ior such insurance or any part tFereof without vraiving or aifecting any option, lien, equ~ty, or right under or by virtue of th~s Mortgage, and the
f~it a~nount of eacA and e.•ery such payment sha!! be imenediately due and payable and shaii bea~ interest from tha datr thereof until pa~d at the rate o}
n~ne pe~ cenrum per annum ~nd to~r~h~~r r„~th such iroer~st shali be srcured by the lien of this mortgage.
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1. To permit, tommit w suffer no waste, impairmenf w deterioration of said properry or any parl thereof.
5. To pay all and singutar the costs, charges and expenses, including a reasonable attaney's fee and costs of abstracts oF title, incurred or paid at
any Nme by sa~d MORIGAG:E, because w i~ the event of the fa~iure on the part of the said MORTGAGOR to duly, pra»ptly and f~Uy p~r~fwm, d~scharge.
execute, e(fec~, cwop:ete, comply w~th and ab:de by each and every the stipulanons, agreements, conditwns, and covenants of sa~d p~anissory note and ~his
~:ortgage any or euher, and sa:d costs, charges and expenses, each and every, shai! be immed~arely due and payable; wherher or ~o? fhere be nofrce da
mant~. atrempt to collect or suit pend~ng; and the full amouM of each and every such paymeM shall bea. interest from the date thereof until paid a1 the
r.,re oi ni~~e per cantum per an~wrn; anc' ali said costs, charges and expenses irxurred or paid, toge~her wdh s~ch ioterrst, shall be secured by the leen of this
mortgage.
6_ That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or ;b) i~ the event any of sa:d sums of mo~ey
herein referred to be not promptly and fully paid wirhin th~rty (30) days next after the same severa:ty become due and payable, without demand o~ norice.
or (c) in thr event each and every the stipulations, agreemenfs, condirions and covenants of sa,d proniissory note and th~s nartgage any or e~ther a~e not
ivly, pro~nptly and lully performed, d•s:harged, executed, effecred, compteted, complied with and ab~ded 5y, ~hen in e~ther or any such event Ihe sa~d ag
~r~gate sum menrioned in said prom~ssory nore thrn remaining unpaid, with inrerest accrved, and ait moneys secured hereby, shall become due and pay _
ao'.e forthwit6, or thereafter, at the opt~o~ of said MORiGAGEE, as fulfy ara'~ completely as ii all of the said sums of money were or~gina~ly st~pulated
to be pa:d on such d.:y, anyth~ng in sa.d pro~n~ssory note or in this Mwtgage to the contrary notvv~thstandu~g; and therevpon a thereafter at the opt~on of
sa,d MOR7GAGEE, wirhou! not~ce or demand, suit at law or in equity, therefore w thereafrer begvn, may be prosecuted as if all moneys secured hereby
n<d matured pr~ot to its instnution.
7. Tha1 i~ the event that at the beginn~ng of or at any time pending any suif upon this Mo~tgage, or to forecbse it, or to reform it, or to enforce
~;aymenl of any claims hereunder, sard A10RIGAGFE sha!! apply M fhe Courl having ~u:~sd:a~on thereof fw the appomt~~nt of a Rece~v¢r, such Court shail
rc~;hwith appoim a rece~ver of sa~d mortgaged property aU and singular, inciud;ng all and s~ng„tar ~he ir.tome, profrts, issues and reve~ues from whateyer
s.: ,rce derived, each and eve~y of wh~ch, it being expressty unde~s~ood, is hereby morrgaqed as if specrTica!!y set forrh ar+d desu+bed in the•grinti~lg and
ha~end~m clauses hereof, and such Receiver shall have all the broad and effect;ve f~ncf.ons and powe~t in anyw~se emiusted by a Court to a Receiver, and
s_;h appointment shall be made by such Court as an ad:niitzd equity and a matter of absolute ngM to said MORTGAGEE, a~+d without reierence to the
a<•'ea„dc~ or inadequacy of ?he vafue of the property mongaged or to the so~vrnq or msoivency o( sa~d NtORiGAGOR o~ the defzndants, and rhat such
~e•,rs, profits, inco.ne, issues and reven~es shall be applied by such Reteiver accord~ng io the Ge~ ot eq~ity of said MOR7GAGEE and tha practice of such
Court,
8. To duly, prompt!y and fully perlorm, d~scharge, exec~te, eifect, complete, comply wi~h and abide by each and every the stipulations, agreements,
conditions and covenants in sa~d prom~ssory note and this mongage set fo~th_
9. That in the event fhe ownersh~p of the mo:tgaged pren,ises, or any part thereof, becomes vested in a Ferson other than the MORTGAGOR, 1he
;1pRTGAGEE, its successors and ass~gns, may, w~thout nor'ce to the MORTGAOR, deal w~th surh svccessor oa wccessor in interes~ w;th reference to this
~~orrgage and the deot F.ereby sec~rzd in the same manner as with hlortgagor without in a~y way vit;ating w d~scharging the Mortgagors' liab~lity here-
~-:der or upon the debt hereby sec~red. No sa!e of the ~ren,~ses hereby mortgaged and oo forbearance on the part oi the MORTGRGEE o? its successors
or ass~gns a~d no exrens~on of rhe t,me for the payment of the debt hereoy securrd given by the MORTGAGEE or ~ts successws or assigns, a~wll operate
ro re+ease, d~scharge, modify ~hange or affect the orig;nal liab~i~ty of the MORTGAGOR herein, eit{ier in whole or in part.
10. It is speufical{y agreed that t~me is oF the essence of this tontract and shat no waiver oi any obl~gat~on hereunder o~ of the obligation se-
c~red hereby shali at any time ~hereafter be he:d to be a waiver of the terms bereof w of the instrument secu~ed herby.
11, In aod tia~ to the fwego ng monthty payments of pri:~c pal and intrrest requ~red by the prom sscry no!e sc¢i~red hereby, mortg3gor tovenants
d agrees ~o pa~• to n:o-tgagee v~~th each montMy pay~,:ent an add~~~onal sum est ~~~ated by morryagee to be equa+ to 1, 12 of the an:,ual cost of the tollow-
A-All real prop^_rty taaes 7e~ied or assessea agai•;st the above descri5ed « al estate.
6-Pr:miu~tis on f~~e and windsto:n, ~nsurarce as here~n req~;red to be carrr~d on the ~mrrovemeats s~t~ate on the above d~stribed premises.
C-Pre~niun,s on such mortgage gua~anty ir.surar:ce as mortgagee shall from t:me to time deem tit to carry on the loan secured hereby_
Mortgagee sha l ficm teme to t~v,e norify mortgagor ~n wrrt(ng of the amou~t due and payabte hereundrr and such surn shalf ih~>reupon be dve and
F.jtiable on the due ria~e of the next momh!y payment and each successive month thereaft~r untit mertgagee shall notify mortgager oS a change in such
ounr_ $~~h sums 1Fa~l be applied by mortgagre toward the payment of real property taxes, insurance pren;;~ms, a~~d mortgage g~aranty insurance
premiumi.
IN Y~ITNESS V1HfREOF, the aa~d MORTGAGOR has hereunto set his hand and seal the day and year first a4wesaid.
i ned, Sealed an el've ed in the p?eserxe of: ~ A,
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/i1~-- r~aO
B.ob C. Green ~~a~~
- s--~ S~ i s_~. l {$ean
- Bdris S. Green {~ai~
STATE OF FLORIDA ~ ~
;ouNTY OF S V' ~ ~
1
Befwe me personally appeared 8~ C• Green a~
~ClY1S S• Green h;, w~fe, to me well known and k+awn to me to be
the individ~a(s described _~n and who executed tF.e fwegoing instrument, and acknowtedged before me that they exearted the samt for the purposes
therein expressed. And the said_ BC~Y2S Green
n~fe of the sa~d gAb C_ Gree*± ~i a~Nparste and private
e.am~nat~o~ by me ta4en separate a~ apart from her sald husband, acknow~edged to and before me that ahe executed aaid, inir'r~lnsrw ireelT and volun-
~a~~~y and w~thovt any computsion, censrraint, apprehens~on, w fear of w irom her wid husband. -
WtTNESS my hand and offiual seal this_ ~~t+h day af~_ •`J~e i~%r' • j~ D. 19 72
\ 1 ~ L ~1 ~ / ~ ~ C+.
Notary Public in and for tM ~ o~ F~ji~• ~sl~~
IVIy Comm~ss~on exp+res: ~R~; l~~E a Fl.oeiat ~c uRSE
Retu~n To: ~ry ~y E
X
PIRES SEPT. 25, i97S
Firs~ Federa! 5avings 3 loan Aswdat;on Bonded 6Jr M1e~ican Bankers fnwrance .:o.
Of iort P.~r~e
F°`t P'~"e. F;"";~~ F~LED aMJ ~ECQR4E0
ST. LUC!E :,~UMT1 FLA. ~
ROCE~ ~.l~ ~ RAS
CLfRK ~t+.;,Jl? COUA1'~ ~
John W. RFr,~.R~
This Instrument Prepared By : Collins
First Federal Savings 8 Loan Association py ~
of Fort Pierce ~ Flolida 33450 ~ k91 ~1
Checked By `~~1,4`~L~
EGRK ~O~ PAGE J~
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