HomeMy WebLinkAbout1626 3. To p:ace a•~d cont~nuo~:~y keap o~~ the b~~ d~~~.gs nox o~ hereaiter s~tuate on s~ d!and and on a'~ ~q.,iF.nrnt and perscnaily co.c~ed by this mor
ege, w!~h all prr:n~~~,S ihrrt~on F.ad in fu;i, I~re in5~raece i~ the ~s~dl s!and3rd po'~cy 10im, in a 5~~» a~.Nio~~d by the l.1UR~v%.v:E. .+.'~d v.~'~dsto
nwrancr in the us~al sta:~d~~d po:.cy foim, in a surn appro~ed by ~ha :~10RiGAGEE, in s~eh co~~':pany or can~;an~es ~s th~ !,Ip2TvAGEE m
d~re~r; and ali (~~e a~:d w~nJs~orm ~r.s~~a~~cr po~~.~as on any of s3~d bu~:d.~gs, any ir.rer~:t there~n or part thc:cot, in ~he aggr_9a~r s~~~~ afo~esa~d
~n excess thrreof, sheil :onr,~m the us~al sr~ ~dard mor+g~~ee c~ause or such o~her c':a~se as ~he Mortyagee may requ.re, a~eM~ng tne ~oss under sa~d po
:••s, each and eve~y. pa,,,~'e to sa~d .ti!JRTiiAGEE as ~ts fn~cr.st may appear, and each and e~e~y svch po .c~ si~a~l br pron,pt~y ass g~~~d a~~d da.:.c~rd .
e~:y he~d by s3~d ~.!OR:~,A; EE as fur~h~r s_cur~fy to sa~d n,ortgage deb~, and, not less ~han ren ~10) d~ys i~ ad.a~•ce of ~ha exN~~ot~ai of each poi~cy, to d~
~..r~ to a~~d ~ti1pRTG:1GEE a renawsl thc~eoF, toge~her ~nnh a reczipt for the premium o1 such re~~e+~al; a:~d thrre sh~li be no i.re or ~ni~~dsto~m insuranc
~,'sced on any oi sa,d bu~'d~ngs, any intrrest there:n or pa~t thereof, u^!ess in iht form and w~th the ~os: payao'e as a~o~esaid: and ~n ~he e~ent any wn
ot money beco~~~es pay.,b;e ~nder s~ch policy or pot~cies sa;d A10RTGAGEE shall have the opt~on to rrc•_~ve a~~d apF~'y tne sa•ne o~ acco~=~~ oi the indret.•d
:_~ss Sct~r~d h~~r~b/ or ro prr~n~t sa~d MORiGAGORS ~o recr~~e and use it o~ any part th~~:caf fo~ o:~:•_r pu~~ cs~s. .•.,~r;,,,t ~hr~ c~
,n_~ any eq~:ty. Ge~ or r~ght ur'.d~r or by vutue ot tiifs mcrt~age; and in the event sa:d A1pR1GAGORS shall tor any reason fail to k~•ep the Se[cI piemiSe3 so
r~surcd, or feil to dr:iver proinptly atiy of sa~d pohcies of insvranee to aa:d MORTGAGEE, or ia~: p:omp!b~ to F~ay fu:(y any prem„~m th~rrfor or In a•~~
r.~sF~ccr fa~l to per'.orm, d~s:hdrge, ex~~cure, effect, ca~~p'ete, co~nply w~th and ab~de by ~h1s covenr~t, a any pan hareof, s~~d l.1uRT;,:~GEE may p:ace a~d
F~; for such insur.~nce or any part th<•rcof ~n-:thout waiving w affecting any ophon, lien, eq~~ty, or r~qhr under or by vir~ue oF th~s Alortgage, and the
t. ~i a~nount oi eech and e~ery such parment shall kx im~nediately due and payable and shall bear intarest fro~n tha data thcreol until p~~d at the rate o) +
~:;+e per centurn per ann~:n o~+d t.:3~-i!:cr ,n~!h s.;ch ~nt~~r~st shai~ be sewrrd hy the lien oi th~s mortgage. ~
d. To permit, com~nit or suffer no v~,~,te, i~r~pairrnznt or deterioration of said property or any part thereof.
S. To pay a!I and s+ngufar rhe co:ts, char9es acd expenses, ~nciud~ng a reasonable attomey's fee and cosrs of a5strads of titie, incur~ed or pa~d at
t~ =.a by sa~d A1URi~,AGEE, because or ~n The event of ~he fa.Iure on the pa~t of ~I,e said MORTGAGOR to du~y, pro:npny and 4u:ty prifonn, d~sci,arge
cvta, eEfeu, ce~np;cre, canp!y w~th ard ab Jr by each and every the st~pula~~ons, ag~ermenrs, cond~nons, and covenanrs o~ sa~d piomistory note and ~h~s
o•rgage any or e~~her, a:~d sad costs, charges a~~d expenszs, each and every, shall be immrd~ately due and payabfe; vch~ihe~ o~ ~ot fhe:e kx no~~ce d-
~~~d, atr~•:rpt ~o coi;ect or su;t pend.ng; and the ful! amount of each and every wch payment sfia:l t~a~ imerest from the da~e thereot until paid at the
o+ ~~~~ic p<r c~ntum y~•r ann,, n; .:nd art sa~d c~s~s, charges and c~cpc•~~ses incurred q~wid, tpgcther w~th suCh interest, Shall be securrd by the i~en ol ~h~s
mortgage.
6. That (a) in thr event of a~y breach of th~s ~lorrgage or defauit o~ tF~ part of the h10RTG/1GOR, o~ ;b) in the eveM any of sa:d sums of money
~~~~.e~n referred to be ~~ot pro~nptly ar.d tuil•y pa~d wishin tn,rty (3U! days rnxt a4;e'r the same se~era'!y beco~ne due and payable, wifhout demand or nonce.
; r;c) in thr event each artd every the stipu~at~ons, agrezments, conditions and covenants of sa d pror:,issory no!e and th.s mortgage any or e~ther are na1
i„ y, prompNy and i~l1y perfonn~d, dscha~yed, execur~~d, eifect?d, completed, compi~ed with and ac~ded 5y, then in e~ther w any such evem the sa~d ag-
~•:gare sum mentioned in sa~d premissory noir ~h~n rema~ning unpaid, with iroeresr acuued, and a:i monr~s secured hereby, shall becon~e due and pay-
r fortnwith, or thereafr~r, at nc~ opt;ai ot s~~d htORTGAGEE, as fuI(y a~u! comp:eteiy as ;i a'~i of ~k:r sa:d su~ns of moaey were or:gma~ly sf.p~.ated
~ be ~,a:d on such dcy, anything ~n s3 d ptan~ssory note or in this Mortgage to the contrary not.vifhstj~~ding; and ~hereupon or ~nereafte~ at the opt~on of
,~.i MORiGAGEE, w~shout no:~ce or dema~:d, wit at taw or in equny, there4vre or thereatter begun, may 6e prosecuted as if all moneys securecl hereby
i.:d matured pnor to ~ts insn:ution.
7. Th3t in the event rhat ar the beginn:ng of or at any t~me pend~ng any su~t upon this Mortga~e, or to foreclcse it, or to reiorm it, or to enforce
c~.ment of any c~~~~ns he~eur.d_r, sa~d IAORTvAGEE shali appEy to the Co~rt having ~~r~sd: t:on th•r.rol for the appo~ntment of a Rece~ver, such Co~rt shail
••hwith appo;nt a.ece~ver of ssid mortgaycd property all and singular, lnclvdng a~l and s~~~g~lar ti:e ~ncome, prof~ts, issues and revenuas f~an whatever
s; _•ce drnved, each a~:d every of w~, ch, ~t be~f~g e~pr.ss!y understooJ, ~s hereby mongaged as if spec:Fica~:y set forth and destr~bed in the gra~ting and
! ~~ndo-n c a;,ses her_of, and wch Recr~ver sha:t have ai1 She broad and efi~ct.~e i~nce ons and paNers in anyvvise entrusted by a Court :op Recaiver, and
s ch ~ppo;n~~rent shail be m.•de by such Coo•t as an ad~:itrrd rqu~ty and a ma!rer of abso',ute rlgM fo'sa~d MORIGAGEE, a~d withcut re7ere:~ce to the
i_,~;,,cy or inadequacy of the va!~e of the prope~ty mortgaged or to the so:vency or .n5o venCy o1 sa:d MORiGAGOR or th2 de~andants, ar.d that svch
•s, profits, inco.ne, issues and revenues shall be applied by such Receiver ac~ord~ng to the lien or equity of said MORTGAGEE and the praU,ce of such
CJUff,
8. To d~!y, prompr:y and fui!y per'orn,, d+'scha~ge, execute, effect, compiete, co.npiy with and abide by each and every the st~pulations, a9ree~nents,
s d~rons and covrnanis ~n s;.d pro:n~sso:y nore and th;s morfgage set forth.
9. Thar in rhe eve~t The ownersh~p of th~ martgaged prem~ses, or any pa~t thereof, 6ecomes vested in a person other than the MORTGAGOR, the
~QTGAGEE, irs s~ccesscrs and asslgns, may, wirhout nouce to the MORTG~IOR, deal wnh suth successor or successor in interest wi~h reference to this
•_~~gage ar.d the d-_bt hereby secured in the same manne~ as w~th ldortgagor w~thout in any way vit:ating o~ d~scharg~ng ~he /dortgagors' liaoility here-
or vton the d:tt here'v~ secvr;;d. No sa:e of the Fremises hereby mortgaged and no lofbearan~e on the part of the MORTGAGEE or ita successors
: ~ss:gns and nc exrenvon of rhe t~me fo~ the paymenr of the debt h_reby secured given by Ihe MORTGAGEE or its successors or ass!gns, at~all operate
~ re~aase, d,scha:ge, modify changa or affect the o+ig~nal liau~(rty ofi the MORTGAGOR herein, either in whoie or in part. -
10. Ir iz spec:fcai{y agreed ihat time is of the essence of tfiis contrac~ and that no waiver of any obtigar~on hereunder or of the ob!igation se-
c~rad hereby sha?~ at any ti~~~e tin~rea+ser be he:d to be a wa+ver of the terms hereof o~ of the instrument sewred herby.
I i. In ;:s~1 tc~ 'o +he 1o•ego ng rT~o~~th'•y payments of princ pal and interest required by the prom sscry nar se:ured hcreb~, mo: tga~or eovenants
ag~ees eo ~ay to n.u~tg ~g•_e r..:h esch ~:~en~hly par~ .er.t ar add~::onal sum rs", ared by n:ortysgee to be equai to 1 12 of t:ie annoa! cost of the ioilow-
A-A'i .~al proec*ry rax=s len:d or ass-~ss_u ag.ai~~st tF~ aF,ove dex~i~~_d r:al es'ate.
E Fr.~•,. _ r.s o~ ~~e and ,.~r.dsto~~~z ~nsu~a~ ce as nerein ~eqo.rcd to be ca:rie-d on tne :mrroveme.its s:tuate on thc above d_scr:bed premises.
C-Pre.nw:• s o~i ~uch n:ort~:,ge g~ara~~ry ~rw•a~,ce as mo•tgagee shall fro~r t me to ti~ne decm fit to carry on the loan sec~red hereby.
1:'orty~qce sh,., .`~c~T~ tu~'~: to t,--ie ~tc'~f~ mern~sgc+ m w~ihng of the d.T.C'J'11 d~e and parable hereundar and such su~~ sha}I thi~reupon be due and
i -'.~!e on ~h~• due da~•; er ih~ ~~~_,r :,:o-~Th:; payn~ent ar,d er:ch wccessi~e n:or.th rhareafter ur.tif mcrtgagee sha!I notify morryaaor of a change in s~ch
E unt. Such w:~~s s~a.: t~e ~p~• +~d by mortga3ee to•hud the payment of real prepe+ty taxes, insurance prem:u:ns, a:~d mort~age guaranty insurance
• *~iums.
i IV v~~Tr~E55 LHEREOF, the sa~d h10RTGAG02 has hereunto set his har.d and sea~ the day a~d year first aforesaid.
~
4 Signed, Sealed and delivered in the presence of: ~j-
i - -r- ~F?/~ e.-s _ (Seal)
f ~ BLIt Y' (Seal)
{ c~ t e~rv
J an ButChe r tseai?
~ - - ~seaq
~ _ ; aTE OF FIORIDA
5 St. Iucie
~ ~ :U.'JTY Of _ 1
~ Before me personally appea~ed D~11 G. L~uteher and
~ Je~T! 1~ItC~'6r his wife, to me well known and known to me to be
~ ind~vidua:s descr~brd in and who executed rhe foregomg instrument, and acknowledged before me that they executed the same for the purposes
~ «•,~e~n expressed. And the said-____-__- J8~T1 ~11tC~r
~ ~ ~ of the said _ ~021 Cr. Buteher _ upon a separate and private
~ .,^~[nano~ by me taAcn separate and apart from her said h~sband, acknowledged to a~d beiore me that she ezec~ted said instr~ment }reely and votun-
~ and w:thout any co~r:p;.Is~an, constra~nt, apprehens.'o~,, !or fear of or from her said husband. •
; WITNESS my hand and off~ua! seal this ~ ~C. day of ~n8 X.' fl. 19 72
~ • ' ~ •1
:
Narary Pubt=c i nd for f rste aJ Lary~ ,
' My Cemm~ssion expires: ~ ^
~ Return To: - L`; ~ „ -
~ First Federal Savings 3 loan Associat~on • . ; '
~ O! ic~rt P„c,, - . `
< Fort P;~~~ce. i'..~•~a !'i~' ~~~G:~~E~ ~ r~~',-
FIlEO , , '
~ ST LUC!E ;~dMiT fLA. ` ~ '
~ ka'~. ~ ;t~e5 ~ k~t~
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~ CIEaK r '~i GOURT ~
t ~ qFC(+F'~ Vc . -
3 This Instrument Prepared By .7. N. Focerts~ Jr.
~ First Federal Savings 8 loan Association ~N 11 1 55 PN
4 of Fcrt Pierce , F1.orida
~ Checked BY - ~r ~~180`~
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~ BOOK ~Ot~ PACE~~~
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