HomeMy WebLinkAbout1407 io p~ce a"d connnuo:,sly :eep on the bu;'dmgs ~aw or here3frer i~tuate on sa~d ~and and on aC ~q•.,~pment and persona~iy coverzd by thia mor
ay..+, w:th all pram.,u-ns th<veon Fa d:n t~:l, Lre inS~ranCC in the ~sual sroin~ard po:+c/ 1om~, in a s~~» a~•N~o~ed by ihe MOR~IiAGEE, and w~:lds~o
.:surancr in the uwal s~a,id.;.d ~.o:.cy }u~rn, in a sum a;:pro,~rd by the,MORTGAGEE, in such co~npany or co~npan;es as ~he t.:OkTGAGEE m
d:rect; and all f~~e a~.d w,nds+onn ~ns~rance po:~c~es on aoY of sa~d bu~td.ngs, any interesl thar,;~n ~r pa~t rh,:reof, in the agg~_gaTe su~n eto~es.+~d :
In eacess thereof, sh~tl ;un~,m ~he ~su:l i~ar.do~d morrc~agce uausa o~ such other clause as thz Morfyayee may reyu•re, maM~~~g tha ~css undrr sa~d po ~
c.rs, each and evary, pai.,~'e ro sa~d h10RiGAC>EE as ~ra inter~st may appear, and each and every wch po::c/ sl~ol~ ~e pro~rNUy ass gnrd a~:d d~.~+crrd
ar~y held 6y sa:d 1QORIGAGtE as furth;:r s_cur~ty to sa~d n~ortgage debt, and, not less than ten {201 d3ys ad.ance of ~he exµua~lon of each pofcy, to d.
~..er to s.~~d M110RTG~i~iE a ren~~v:ai the:~of, together with a receip? for the prernium of svch renewal; and ti~rre s1~a11 6t no i~re or w~~~dswnn ir.s~ranc
p'.+ced on any ol siid 6ui!d,ngs, any i~~terest thzre:n or pait thEreof, v^!ess in ~he form and wnh fhe loss payabie as afo~csaid; and in ihe evenl any sun
uf n:o~ey beca~~es payabie u~~dar s~ch policy or pol~cies said MORTGAGEE shall have the opt;on to rec:~.r und ap;-:y the same on accovnt of the iudrbtrd
n~ss secured h~reby Or to petm~t Sj~d ~AORTGAGORS to feCaivz dnf~ u3! it pr any pdrf the:eo) tor o:n•.~r ~,v~; ~scs c..~~:o::t th:~•.:z~ .~~.~v~'.3 r'~p••~'
~~*g any equ.ry, I~en or ~~g1:t unde~ or Ly virtue of this mcr:yage; and in the event sa.d MORT(~AGORS shall for any reason faii to keep the sa~d prem~ses so
~~su~ed, ur (oil to d~l~~er pro~nptly any of sa~d polities Of inawan~e to said MORTGAGEE, ur fail p:omGtly to {;ay f~::y any pre~~~,~~n lhe~e4ot o~ in a~~y
resi~ect (ail to per(orrr~,.d,ach~r~e, eaacutr, effec~, comp!e~e, ca~p~y with and ab~de by thls cove~~nt, o~ any pa:~ h:reof, s~~~d MORiG:~GfE may piace a~o
pey for such inwr,nce or any pa~t thereof w~ihout waiving a affecting any opt~on, iien, equ~ty, or ~~gM w:de~ or b~ virtue of th~s hlo~tgage, and thc
t„il amou~t o( rach and e.ery s~ch payment shall be immediately dve and payable and shail brar inteiest trom ~h.; date thereof ~ntil p.,~d at the rate of
~+:~e per crnt~m per annu:n end toJ~•th~•r with suth iroer~st shaii 'ue secured by the Gen of this motigage.
4. To permit, mmmit or suEfer no waste, impairment or dcterioration oi sa~d property or any part thereof.
5. To pay all and singular the costs, charges and expenses, ~ncluding a reasonable at~o~ney's fee and costs of abstracts oi t~tle, incurred or paid at
,~~y t~~~~e by s.,~d AtORIGAGEE, because or in the event of the fa~ture on the pa~i of ~he said MORTGAGOR +o duty, pro:,~ptly and fu;fy perform, d~scharge.
cure, efiect, comp;ete, co•r.ply w~th and ab.de by each and every the stipu~at~ons, agreementS, Condn~ons, and covenants of sa~d p~oml;sory note and th~s
~xrgage any or enher, a~~d sa!d cosrs, charges end eapenses, each and every, shaU be immrdiatr.y due and payabte; wheA~er or noi ~he~e be nor~ce d:-
.,~~d, atte;npt to co:iect or suit pend~ng; and the full anwunt oF each and every such payment shali bea~ inreres~ from the date thereof until paid a~ the
- o' n,~+r per c,•nt~n, F~~~r o~.,,., n; r:~c' ai~ sa~d costs, cf.a~gas a~~d cz:;enses ~nturred w pafd, togetlur w~?h wch ~nterest, shall be secured by the iien of th~s
rnortgage.
6. That ;a) in the event of a~y breach of th;s ~Nortgage or defau~t on tFx part of the h10RTGAGOR, or ;b) ~n the event any of sa:d s~ms of mo~ey
~••~~~~ln referrrd to oe ~:ot pro~npdy and iully paid v:~th~n th:rty (30) days ne,~t a~rer the same severa;ly beco~,:e due and payable, without de~nand o~ no~~ce.
_r ;c? in.thr event eath and every rhe stipu:anons, agreements, cond~:~ons a~d covenanrs of sa,d promissory ~wte a~~d th,s mo~tgage any or eithe~ are not
1:,',y, prompdy and tully perforn;rd, d•scnarged, execut~~d, eifeued, comp~eted, compl~ed with and ab~ded ~y, ~hen in e~ther or any such eve~~t the sa~d ag ~
;•._gate sum mem~oned in sa~d promissory ncre then remaining unpaid, with intrrest accrued, and ai: mon.:~s sewred hereby, ahall become due and pay-
_ fcrihw~rh, or tF~ereafter, at the op~~on ot so~d A10RiGAGfE, as fully and canp(e~e~y as if a~l of the s~~d sums of money ~nere ong~naily s~~putated ~
' bc pa:d o~ such d,:y, an~thmg in sa.d pro:r.~ssory note or in this Mortgage to the tontrary not.v:rhs~and~~ig; and thereupon or thereafter at the op~~on of
,:i I~,ORTGAGEE, witho~t nonta or tiemand, suit at law o: in equ~ty, the~eFore or therea{ter beg~n, may be prosecuted as if all moneys secured heteby
r. d mat~red pnor to ,ts inst~t~non.
7. That in the event that at the beg:nn;ng o( or at any time pending any su~t upon this Mortgage, a to fweclose it, or to reform it, or to enforce '
;:a~+nent of any c!eims he•eu~d~i. said A'.JRTGtiGEE shail apply to the Cou~t having ~ur~sd.ct~on therrof 1or the appoiMment oi • Receiver, wch Court shaN
i. : thwith apF:o~m a receivei of said mo~lyayrd property all and singu!ar, includ ng a~l and s~~~qu~ar the income, prol~ts, issues and revenues from wh3tever
s rce de•~.ed. each and every of wh.ch, n be~ng express~y underr.ood, is t.ereby morigaged as ~f s~c~fically set forth and descr~bed in thr g~aming and
endum c'auses hereof, and such Rece~ver sha;i hare atl the broad and eftecr~ve fwut.ons and powe~s in anyw~se emrusted by a Court ro a Recaiver, aed
s.h appoint~r.ent shall be made by svth Cou•t as an ad:nitted equity and a matter of abso~ute nght to Said MORTGAGEE, and without reference to the
-~-y.,~cy w inadequacy of t1:e valve of the property mortgaged or 1o the so.vency or ~nso~vency of said MORiGAGOR or the defendams, a~d thaf such
~s, prof~rs, inco:ne, iswes and revenues shaff be appi~ed 6y wch Receiver accorti~ng to the Iien or rquity of sa~d MORTGAGEE and the pract~ce of such
CJUfT.
B. To duly, promptiy and fully perfo.m, discfia~ge, execute, effect, complete, con,ply with and abide by each and every the stipulations, agree~nents,
:~nditions and covenan~s m sa~d promissory note and th~s mortgage set forth.
9. That in the event the ownersh~p of the mortgaged prem~ses, or any pa~t thereof, becomes vested in a pPrson other than the MORTGAGOR, the
:~RTGAGEE, its successws and ass~gr.s, may, wishout notice to the h10RTGAOR, deat w~th such successoi w successor in interesf with reference to this
~ o igage a~•d the d_•ut hereby secu~ed in the same menner as wi~h 1,lortgagor without in any way vit.ating or d~scharg~ng the ~dortgagori liability here-
der or upon ~he d,~t hereb~ s~cu~:rd No saie oF the prem~ses hereby mortgaged ar.d no forbearance on Ihe pari of the ~dORTGAGEE or its successors
asv~~s and no exrens~on of rhe i~:.,e for rhe payment of the deb~ hereby secured given by the MORTGAGEE or i~s successors or ass+gns, ahall operate
r~ re~ease, d~scharge, mod~fy char.ge or aflect the original liab~l~ty of the M.ORTGAGOR herein, either in whole or in part.
10. It is spec:'~cai;y agreed that t~me is of the essence of th~s contraa and that no waiver of any ob~~gat~on hereunder or of the obligation se-
c~_red hereby shah at any time thereafrer be he:d to be a waiver of fhe terms hereof or of the instrumeM secured herby.
I 1. In atici,t:e ~ to :~e torego n7 month!y µaymrtnts of princ'pa~ and inte~est required Ly the prom sscry no'e scc~.ed hereb~, mortga~or tovenanfs
, d,~rees tJ ~d{ fJ ~~:c-rgjgee r.~fh each rnon+h:y pa~~.~er~t an atid.~~onaS svm es~:~~ared by mortyjgee to be eg~ai to 1, i2 of the en:wat cost of the follow-
A-A!I •ca! F_rop•~rr~ ra.=s le+!_a o. assess_o agai•,st thc above descr~~ed reat estate.
6 Pr~n.:,, r.s on 1v~• and vrir.dsr~~m msu+a~ce as nerx~in reqv~red to be ca~rie~± en the ~r~,:rovements s~tuate on th~ above d_svibed prem~ses. i
C-Pr.~~* ~u:~ s o~ soch ~rert~:,gc gvaranty ir.sura~ ce as mortgagee shaN frorr t me to time deem fit to cany on the loan sewred hereby.
hRwtgagre sRa'S '+o:n +~:-:e to Ti~~~c notif; mortgsgor in •~rinng of the arrou~t due and payable hereuredrr and s~ch su•t~ shall tFereupon be due and
,.sb'e on the c3~r ea+e ~_i th> ne,t n~onth'y payn•.ent and each s~uessive month thereafr~•r u~:ti{ m~ngagee shall not~fy mortgagor of a change in such j
~~nT. Such su~ns s~ 3 i be apc..iz~d :,y mortgag•.e tovvard the payment of real properry taxes, insura~xe prem.uTS, a.~d mortgage guaranty insurance
~ ^ wms.
; IN \YITPJE~S ':.H_REOF, rhe sa~d MORTGAGOR has hereunto set his hard a~d seat the day and year ir a esaid.
i -
~ Signed, Seated and de ' ed in t presence ofc.\
E ~ • .
(Seal)
~ M• F• ($eal)
~ r
~ - ` F ' n 15ea1)
~ _ • (Seap '
~'.aT Of fLORIDA ~ ~
• St. Lucie ~
,u~~TY Of 1
Before me personatly appeared ~ _ M• F~ F~T1Tl and
~ ~ F• F.y+~+ his wife, to me well known and Ivqwn fo me t0 be
~ individua:s described in and who executed the foregoing instrumeM, and acknowiedged before me that they eaecuted the saml~{or tFx purpofes
~ r'~1e.e~n expressed. And the sa~d- ---------1'!~'.X F• ~VN1 p~~,. - .
~ r. c.f the said - - - - - M. F• •-~?1T1 ~Da+!.~ separate at?d priwy 3
~ ±~~;nat~on by me taken s>pa.ate and apa.l from her said husband, acknowiedged to and before me that ahe exetuted saitl'itMtfyment freely ;nd volVlf
~ ' y ar:d w:thout any com~:u:von, co~stramt, apprehen " ~~~t (ea! of a from her said husband. _ d
WI1NE55 my har~d and o(1~c[a1 seai thn_ day of ' Ju~ - A. . 19 ~
~ _ . -
~ _ - ~ ' , ' ~
Notary P~bHc in and fo thc tats of flo~id~,,~,Lirpe ;
r My Comm~ssion expirer ~ • ~ ~ ~ _ _
Rerurn To: • ~ , ~ .
~ i;rst Federal Sav~ngs 8 toan Associat~on
n 7t ~1 ~ ~
~
~ fcrt G~-•:ce F:or~~1,
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~
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Ft~ED a!+C„"`-,-~FDEO
~ $T. LUC1~ ~'~I:N~AS~A. ~
~ This Instrument Prepared By John V~l. ~0~~"'
~ First Federal Sa~ings 8 loan Association ~~E~.1~. C;,~~,~ L~URT ~
of Fort Pierce , Florida ~E~fn{~ Y= ' -
~ - - _ _ ,~u~i ty "L 4-r PM'?Z
Checked By
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~ , , , E~R~ 203 FAGf 1407 ;
~ ~31'7ti6
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~ . y F ~ ~ -,;a.'~'.~ti
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