HomeMy WebLinkAbout1409 3. To p!acc and conrinuo~zly kerp on thc bu~:dmgs now o~ hereaiter s~luate on s~id land and on a:~ .~qo~p•+icnt dnd pe~sOnally cover~d by this mo~
nge, w:th all pre~~:~„~~~s ~h~reon F.ad :n f~N, 1~re int~rence ~n the usual stan~ard po'~cy fc:m, in a s~~n 3~.y~J.t(~ bt thr h1Jk~~%:GEE, a~,d vc~:~dsto
,r~surance in tha us~ul s~e~,J,rd Fa.cy fam, in a s~~n aFpro:ed by the MORiGAGEE, i~ auch co~~~pa~~y or co•~~; a~.es as the h1URTGAGEE m
d:r~cr, a~d aU hre a~.d v.,nds~crm ~nsura~~ce po.~c~rs on any of sa~d bu~id~ngs, any interest therein or ~~art ;h•_reoF, in the aygr~gare sum afo~esa~d
~n eacess tha~eof, st,alt .um,.~n ~he ~s~a, s+a~:aard mo:rgagre c~ause or such o~he~ cia~se as the h~o~~ga~ee n~ay rr:~~,re, n"~ekusg inr ~css ~~~dr~ se.J po
c es, each and every, pa;o5'e ~o sa~d ~~~JRTGAGEE as ~ts intcr~~st may appea~, and each and every wch p.;.~c~ sh~~l be ~:romptiy ass gned a~~d de;~.vr~d ~
any held by sa~d 1.10RIvAGiE as furthar securrty to sa~d n;ortgage dabt, and, not less than ten ~101 days in .;d..+~~ce ~f thr ex~~uunon of each ~»'~cy, to d~
I,~er to sa~d r.10RIGAGEE a ra~~e.,s1 ti.ereof, toge~her w~th a recewt for the prenuum of such ren~+:.;i; a~~d ~hrre s~~aif ba no i.re or w:~~dsto•+n inwrenc
p!3ced on any of sa:d huild.ngs, any IOfCfESI therelo or part the~eof, untess in the form and w~~h the ~ois pcyab`e as a4orESa~d; and i~~ the e+ent any su~ ~
of mo~ey beco~~es payable undrr s~ch pelicy or pol~c~es sa~d h10R1GAGEE shall have ~he op~ on ro~ec_~vv ..~.d apE:y t~,e sa~~~e on rc:o~~~t oi tht indroird s
ur..~5srs. v..ri~-..;r ~h.••~~. r•:p„r i
n~•i: sec~red hereby or ro pennit sj~d MORiGAGORS to receive and use it w any part thr:~~of ior c:•~~.r j
~n~ any equlty, lien or right under or by v~rtue ol this mor~gage; and in tha evem sa:d AIORTGAGORS sha!1 fo~ a:~y reason fail to krep the sa~d p~e~:~;ses ao
.nwred, or (ail fo deiive~ promptly any uf sa~d pol~tizs ol ~nsurance to said MORiGAGkE, or f::~~ prcn,pNY to pay fu,:y any p:e~n~„•n tnerefor Or i~z a:~Y ~
respeu fail to perform, d,sch;rge, executr, effecl, completr, comply with and abide by 1hiS toven~ait, or any part hrreof, s-~~d h10RT;~:.GEE may p~ate a a ~
pa~ for such irwr.ince or any part thrreof w~thout waiving or affecting any opt~on, lien, equ~ty, or r~~ht u~~der or b~ virt~e ot thls Mortqage, and thc
f~ll amount of each and every such paymant shalt be ~mmediately due and payable and sha:l 6ear imerest from tha date thereof until p.~id at the rate o~
vne pcr cent~m pe~ ann~m ~nd rogrti~rt .~i:h suth enter~st shai~ be s<'tured by thC IiCn 01 thiS mOttgage.
1. To permi?, commit or sufier no waste, impairment or deteriorat~on of said property or any pmt thrreof. - •
5. To pay all and singu!ar the costs, charges and expenses, ~ndud~ng a reasonable attorney's fee and cos~s of abstracts of titfe, incurred or paid at
,,ny time by sa~d MORIGAGEE, beca~se o~ in ihe evrnt of the ia:lure on the part of the :aid MORTGAGOR to duly, pro:t~pNy and fu~iy pe~iorm, d~xnarge
_.ccute, efFect, comp;e~e, comp!y w~th and ob.de by each and every the st~pulai~ons, agrecments, cond~nons, and covenan+s of saed pro~n~ss0/y nore and ~h;~
~•:orfgage any o~ e~~her, and sad costs, cha~ges and expenses, each and every, shall be immrdiate!y due and payab:e; whether or not ihe+e be nof~ce d~
r;3•id, at~empt to co:iect or suit pend.ng; and the full amount of each and every such payment shall t~ar interes! from the date thereof unfil paid at the
• r, o~ n~~~e uar :~~n~um F~~r ~n:~c an~ „il said cosrs. charges and capenses incurred or paid, toge~ha~ .v~th svch ~nterest, shall be secured by the I~en of th~t
mortgage.
6. That (a) in ?he evem of any breach of this Mortgage or detault an tF~ part of the MORTG~GOR, or ;b) ~n the event any oF sa'd sums of money
hereln referred to b~ nat prcn:p~ly and fu+.~y pe~d w~thin th,rty ~301 days ne,.t a!ter the sa~ne severa':y ~eco~ne due and payab!e, without demand or nonce.
cr ~Q in thr event each and every the stipu~at~ons, agreements, cond~:io~s and cove~ants of sa d pron,iswry nofe and th~s mo~tgage any or enher a.e not
iu,y, promptiy and iully perfont~ed, d.scharged, exec~~ed, effecred. co~npleted, compi~ed with and ab~d_•d ~iy, ihen in e~~her or any such eveM the sa~d ag
:•.~gate sum memioned i~ sa~d promisso~y' ~ete then rema~ninq ~npa~d, wi~h interest acuued, and a~t mone~s secured herzby, sha!I become due and pay
eo e fo~thwith, or ihereafrcr, ar the opf~on of sa~d MORiGAGEE, as fuily and compleTely as if a,i cf il~e safd s.,~ns of money were ongina~ly st pu:afed
to he pa:d on s~ch d~y, anyth~ng in sa.d pro:mssory note or in this Mortgage to the co~~t~ary not.v[ths:and:ng; and thereupon or thereafter at the ophon o4
s,.d MORTGAGEE, w~thovt not~te or demand, suit at Iaw or in equity, theref~re or thereairer beg~n, may be proxcuted as if a11 moneys secured hereby
r::d matured pnor to ~ts ~nsntut~on.
7_ '.hst in the evrnt rhat at the beginn;ng of or at any fime pe~ding any su~t upon this Mort~age, or to (oreclcse if, or to reform i~, or to enforce
~,~ment of any cl~ims herrur.d=r, said 1dOR?GAG:E sha[I apply to the Court having ju•nd~cT~on fher~ot for the appo~nrmem of a Receiver, such Co~rt shail
rc•rhwith appant a rece~ver of said mortgagrd property atl and Sinc)~tar, inc;~dng a;l and s~~sgu~ai ~!~r income, p~ohis, issves ar.d revenues from whatever
s: rce dr~ived, each and every of wi~,h, 1t kx~;,g express~y understood, is hereby mo.~gaged as ~f spec:f~caity set forth and described in the g~anr~ng and
t:~~ndum c~~uses hemof, and such Rcce~.er sha~i have ail the broad ard effecr.ve fur.ct•ons and po.tiers in anyw~se entrusted by a Cou~~ to a Rec.:iver, a~,d
s=h appointment shall be madt by svch Court as an ad+nitted equity and a matter of at~soiute r~ght ro sa~d MORTGAGEE, a~d •~ithout reference to the
::~.avacy or inadequacy of the val~e of the property mortgaged or to thr so•ve~cy or ~nso venty of sa~d 1'.'.ORTGAGOR or the defendants, and th;t such
~s, proi~ts, inco.ne, issues and reven~zs shail be appiied by such Recriver accord~ng to the lien or rquity of sa;d MORiGAGEE and the p~actke of such -
Court.
8. To d~!y, ~rempt'.y and fully perform, dis:harge, execute, effect, compiete, comply with and abide by each and every ihe stipuiations, agreements,
_o,ditiena and covenanrs in sa.d promissory note and th~s mortgage set forlh.
9. That in the event tFw ownersh~p of the mortgaged pren,~ses, or any part tF,ereof, becomes vested in a person other than the ti10RTGAGOR, the
JRTGAGEE, its successors and as<_~gns. may, wrthovt nonte to the ~tiORTGAOR, deai wrth such successor or successor in interest w~th reference to this
o•igage ar.d ihe d_bt hereby secured in the same manner as with Alortgagor w~thout in any way vitiating or d:sc~aigir~g the f.lortgagors' liability here-
.:ier w upon :he debt hereL-y secvred. No sa'e of the prem~ses hereb~ mortgaged ar.d no forbea~an~e on the part of the NIORiGAGEE or its successors
cr asvgns erd no earension of rhe t;me for the paymem of the debt he.eby secured g~ven by the PhORTGAGEE or its successws or ass:gns, a:~afl ope~ate
ro .e~zase, d~scharge, mod~fy cha^ge or affect the orig;nal t~ab:~:ty of the N.ORTGAGOR herein, ei~her in whole or in part.
10. It is spec~f~cally ag~eed ~hat time is of fhe essence of tfi~s contract and that no waiver of any ob~~gat~on hereunder or of the obligation s~
c.:-~d hereby shal~ at anj ti~.,e therea+rer be neid to be a wa~vrr of the terms hereof or of the instr~meM sec~red herby.
t 1. In a;i~± f.c,:, to ihe 4oregc :,g mcnth?y paym:nts of prir.c paI and infrrest requ~red by ~he prom :scry no~c secu•ed hereby, morigs~or covenants
• d agrees to ;:ay to ~*:c-tgagee v~,fh each ~romh'y pa,~.~.ent a~ acfd,rionai sum est n•ated b~ nwrtg3gee to be equai to 1 12 of thr an:~ual cost of the foliow-
A--AII real property tax~s le•.;~d or asses~_d aga~•=st the above desvibed real estate.
6- Pr_~• :~s on i~re and .v~~:dsro•~n ~nsurarce as here~n req~ red to be carrled en the ~m;;roveme~es s~tuate on t'~e above d^sa~bed premises.
C-Pre~r.~un s on zvch rro~~,,ge guaranry ;csura•.ce as morrgagee shaii from e•me ro ~+~ne deem f~t to carry on the loan sewred hereby.
b".ortgaqee s'•~ ~~~om t~~ne to '~n:e not~f~ merr_ager m writ~~g of ihe amo~~~t duc and pjyable hereundar and svch su~~ shail there~pon be due and
! ...able on the d~e oa'e oi rna r•~rt n:o~th:~ payment and each successive -ronth thereait~r uctil mortgagee sha!I nohfy mortgagw of a change in such
~.~nt. Such su:r•s s~a:! E;e ap;'~rd uy ~»orrgagee to+~a•d tne pay~r.ent of re31 properry taxes, insura~xe prem:ums, a~~d mortyage gua+anty insurence
! •,:.r.iums. ~
~ IN ~'11T~JESS ::HcR' , he sai 10 TGAvOR has hereumo set his hand and seai the day nd ear fir aior sai .
g ig ed, Seaf an deG red ] t esence o_ ~ ' °
~
(Seal) ;
~ _ _ DdV 1C~ B S 5 ~~a~~ ~
($eal) ~
y S DOU 1 55 tsea~)
5".'.TE Of ilORIDA '
~:%UNTY OF St . LUC 1Q ; ~ ~
Before me persorcally appeared _ D21V 1C1 B. Douglass a~ ~
J~Ce S. ~OU l~ass his wiie, to me well known and known to me to be
~ a individua;s desiribed in and who executed the foregoing instrument, and acknow~edged before me that they executed the same tot the p~tposes
~ ~he•e:n expressed. And tht said_ _ `TO}/C@ $ • DOLK~Ld55 _
~ David B•_DO Id55 _ upso a•'separate a~d prnr~te
r.. 04 rhe sald _ ~
a~~nat~on by n,e taRen separate and apart from her said husband, acknowtedged to and before me tnat she executed said inatrumej?t freely and votur~
~ ~~y and w:tt;out any co-~p~is~on, constraint, apprehe onl~or fear of or fram t}er said husband. ~ - ;
~ W17NESS my hand and offic~al seal th~s_ day of J~e ' n: i9 ~
~ - Q~-( I
J~ , ~
K? No ry Pubt~c in and 1or the +are of Fforida at larqe,•',
2`i My Comm~ssEon expires: ~ ' ~
~ Return To: 3- • ~ .
F~rst Federal 5avings 3 loan Assoc~at:on
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~ G4 p . _
~ Fcrr F~_ F:, d> ~
p11r.- r.Lt,t.'~QE~
~ ~ fILEO .~u,y1`f FLA~
~ SS lU~ ~'.,~~;;cAS ~
RO~~~~ `,~~T G~URt
~ This Instrumeni Prepared By: JOhn 1~. Collins ~~~A~
~ First Federal Sav:ngs 8 loan Association RECCF~ ~
~ of Fort Pierce ~ Rlorida 33450 ~ ~ 47 4~ ~'Z _
~ Juti 19
~ Checked By `~,~1 `~`"i~ -
~
RK 203 0~~~ 14~9
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