HomeMy WebLinkAbout2128 3. To p'.ace and continvously krep on ihe bu~:J~~,gs ~ow o? hereafter fituate on sdid land and on ai; equip~nent and perso~ally cove~ed by th~s mor
egz, w:~h a~l pr<ro~ums thareon ~,a J~n fult, tae fns~ranca ~n ihe uswl sTandard po'~cy ~orm, in a s~m aEprovrd b/ iha A1UR~i~%.GEf, a~~d w~ndsto .
~nsurancr in the ~sual sw~;dard po:.cy form, in a swn appro.ud by ihe MORTGAGEE, in such co~npany or co~npan~es as the :~10RT.GAGEE n+ i
d.rect; and all fire and ti~:ndstorm inwrar.~e po~~c~es on any of sa~d t,u~id~~gs, any interest ~herein or pa~t thr~eot, in ~he agg<<gate su~n afo~esa~d ~
~n exceas ~hereof, shall :on~„~n the vs~ai sta~~d.,rd mo:~9.~gee ciause or such o~her c~ause as tne~llonyagae may requ.ro, meking tha ~css unJrr s.+~d po j
c:es, each and every, payab e to sa~d A\ORTGAvEE as ~ts intarast may sppear, and each and every auch po.~c~ sh~il Ix promptly ass g~~rd a~:d dr~iv~rrd {
any hetd by sa~d ~l,ORSGAGEE as iurih~r s:cur~ty ~o sa~d mortgage drb4 and, not less than t~n (10) days in ad+~nce of ~he expuahon of each po::cy, ?o d~
~~ver to sa~d h10R1G.~GEE a rei~ewa4 ~hereof, toge~hrr wieh a rece~pt for the prem~~m of such renewa~; and there shall br no f~re oi w+:~dsw+~n i„suranc
plnced on any of sald bui;d~ngs, any interest ~here,n o~ part thereof, un!ess in the fonn and w~~h the ioss payab!e as afo~esaid; ond in ~iie e.a~t a~y sun
of money becomes payabie v~~drr such policy o~ po~'~ues sa~d MORTGAG'.E shall have ~he op~~on ?o rec~~vc .:~~d app!y ~he san~e on accoun~ of d~e i~~d<tfed
n~~ss secured herzby or to prrm~t said lAOR~GAGORS to receive and ufe it or any pa~t rlh:cof io• o:n;r ~,u~; ~srs, .~.:~h~~t ~h~~~or ~i
~ng any equ~ty, lien or r~yh~ ~ndr~ or by vir~ue o+ fhis mc:~gage; and in the evem sa~d MORTGAGORS shall `or any ~eason iail to keep the said pre:nisas so
~nsured, or f3il to de,~ve~ Nromptly any of said po~~cies of insurance to sa~d MORTGAGEE, or fa~! p:omptly to pay 1u:ly any pr~:m~~n therefor o~ in a~~y
resped fail to perform, J;sih~ige, execu~c, etfect, completr, comply wi~h and ab~de by ~h~s covenant, or any p~it horref, sa~d MGR1v<1GEE may p~ace a~o
pay for s~ch ~nsur.~nie cr any part ihtr~af w:thout waiving w aftecting any option, lien, equny, or r~3ht under or by virwe oi this Alortgagr, and tAc
tuil a~nount of each and e.ery wch paymrm shall ~e immediate~y due and payable and shall brar iNerrst irom tha date ihercoF un~il poid at the rate ol j
~~:ne per ceowm per annum and to~:~h:r w,th such interest shali be secured by the lien Of this mortgage.
4. To permi?, COmmit or suffer no wasre, impairment or deterio~ation of said property w any part thereof. t
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5. To pay atl a~d singular the cosrs, charges and expenses, ~ndud~ng a reasonable dllprney's fee a~d cosis of absrracts of t~tle, incurred o~ pa~d at t
~•,y t~n:e by sa~d MORiGAG~E, because or in the event of the faiiwe on the par~ of the said MORTGRGOR to duly, promptly and fu~ty pcrform, d~scharge t
_,ec~te, effect, complete, tanply w~th and ab.de by each and every the stipulat~o~s, agreements, cond~t~ons, and torenants oi sa~d pro:~~ssory note and th:s
i,xrgage any or e~~her, and sa,d costs, charges and expenses, each and every, shall be immediately due and payable; whether w not rhere be nonce d~ ~
n:,nd, atrempt to collec~ or wit pe~zd.ng; and ehe ful~ amounl of each and every such payment shatl bea. interes~ from the date thereof until paid at the ~
~ rr o~ nine uer c~ntum ~r annu n; anc! a~l ;aid costs, tharges and expenses incorred or paid, together w~th such inteiest, shalt be secured by the lien of th~s ~
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mortgage.
6. That (a) in the eve~t of any breach of th~s Moregage or defautl on the part of the MORTGAGOR, or ;b) in the event any of sa:d sums of money
F.erein referred to be not pranptty and fully paid within ~nufy (30) days next a;ter the same severo'!y become due and payable, witiwut demand or not~ce,
;;r ~c) in thz event each and every the stipvlanons, agreements, cond~tions and covenants of sa d prom~ssory note and th~s mortgage any w e~ther are nof
j~iy, promptiy and fully performed, d,scha~ged, executed, eifec~ed, completed, compf~ed with and abided 5y, then in e~ther or any such event the sa~d ag
3:egate sum mentioned in said promissary note ~he~ rema+ning urtpaid, with interest accrued, and ali moneys secured hereby, shall become due and pay
ac:'c forth.virh, or thereaf~er, at the option of sa~d /~tORTGAGEE, as iully and completely as ii a~l of thr s.+id sums of money were o~~ginatly st~pu:ated
tn bz pa;d on such dcy, anything in sa.d prumissory note or in this Mortgage to the co~lra~y notw~thstand~ng; and thereupon or thereafter at the op~~on of
z~ d MORTGAGEE, wirhout nonce or demand, suit at law w in equity, therefwe or thereafrer begun, may be prosecuted as if all moreeys secured he~eby
n:d mat~red pr~or to ~ts institvt~on_
7. That in the event that at the beg~nning of or at any time pending any suit upon (~is Mortgage, or fo fo~ectose it, or to reform it, or to enfo?ce
payment of any ci~~ms hereu~~der, said MORTGAGEE shall apply ro the Coun having jur~sd,c~~on thcreof ior the apµo~ntment of a Receiver, wch Court shail
~c~thwith appoint a receiver of said mortgayed property atl a~d singula~, includ~ng all and s~nguiar Ine income, proi~ts, issues and ~evenves lrom whatever
s. vrce deiived, each and every of wh~ch, it being expressly unde~sfood, is hereby morfgag~~d as if spec:flcally se~ forth and described in the granting and
i 3bendum davses hereof, and such Rece~~er shail have atl the broad and effecrive funct,ons and powers in anyx~se entrusted by a Court ro a Receiver, and ,
s:n appointment shall be made by svch Court as an admitted equity and a m,atter of absotute right to sa~d MORTGAGEE, a~d wifhout reierence to the ~
~.:.~qvacy o~ inadeq~acy of the val~e of the property mortgaged or to the so:vency or i~soivency of said MORiGAGOR or the defendants, and that such ~
• rs, profits, inco.ne, issues a~d revenues shail be appl~ed by such Receiver accord~ng to the lien o~ equity of sa~d MORiGAGEE and ihe prochce of such
Court. ~r~ E
8. To d~ly, promptty and fully perform, discharge, execute, effect, compfete, comp~y wilh and abi~e by eacfi and every 1he stipulations, agreements, ~
conditions and covenants :n sa~d promissory note and this mortgage set forth. t
9_ That in the event the ownersh~p of ~he mortgaged premises, or any part thereof, becomes vesteld in a person other lhan the MORTGAGOR, the
~RTGAGEE, its suaessors and ass~gny may, wi~hout notice to the MORTGAUR, deal with such successor w successw io interes~ with reference to this
~•rgage and rhe d_ut hereby secured in the same manner as with ~dortgago~ w~rhout in any way viY:ating or d~xharging the ldortgagori liability here-
_ der or vpon the deb~ hereby sec~rrd. No sa!e of the prem~ses hereby mortgaged and no forbearance on ~he pari of the MORTGAGEE o+ its successors
e- ass~9ns and .~o eate~s~on of the hme fov the payment of the debt hereby secured given by the MORTGAGEE or its successws or asrgns, a~iall uperate
to re!ease, d,scha:ge, modify change or affect the orig~nal liao~l~ty of the M.ORTGAGOR herein, either in whole or in part_
10. It is spec~fically agreed rhat t~me is of the essence of this contract and that no waiver of any ob~:gatlon hereunder w of the obligation se- ~
c.;~ed hereby sha!i at any time therra+ter bn c~'.d to be a waiver of the terms hereof or of the instrumem srcured herby.
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11. M acid t:c~ !o tl,e forego n9 +nonth:ti paym~nts of princ pal ar.d interest required by tl~e pro:n sscry nore se:ured hereb~, mortgagor eoveaants i
,•:d agr_es ro pay to rnorrg3gee r.~th each moroh y payn:eM an add~cional wm est~n,ated by mortyagee to be equal to 1, 12 of the annual cost of the follow-
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A-All r~al prOp•~rty tax:s le•.~e~ or assessed aga~•,st th: above desvi~ed re-al estate.
B- Pre.r.:ums on (~re and w~ndsram insuracce as here~n requ~red to be car~ied on the ;mprovements s~tuate on the above descr;bed premises.
C-Premi~ins on such rr.orT~;ge g~aranry ir.sura~.ce as mo~tgagee shai{ fre~r: rme ro time deem f~t to carry on the loan sewred he~eby.
6lortgagee sha.i 'rom t~~ne to time notify mortyagor in writ~ng of the amount due and payable hereundrr and such su~n shall thereupon be d~e and
~ ...able on the d~e oa+e of the next month!f p3ymert and each successive month the:eafter ur,til mortgagee shall not~fy mortgagor o4 a cha~ge in such
.~vnt. Such sums sFe:i be app'icd by mortgagre toward the payment of real prope.ty taxes, in;~rance prem:ums, and mortgage guararoy insurance
~ .,•pmium5.
~ 1 \'lITP1ESS :':HERcOF, tfie said MORTGAGOR has hareunto set his hand and seal the day and r first aforesaid.
` 5~ Sealed and de!iv 'n the preserlte of: . ~rf
~ ~ ~ ~ ~r ~ ~
~ " Oli B McC rt a sin le a
(Seap `
~ - (Sea~ y
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~ S"ATE OF FLORIDA ~ ~
St. Lucie ~
~ J:iNTY OF ~
Before me personatiy appeared ~ll@ B. MCCBrt}(. a~ sinale aC~Lllt j~
~ _ ]l~c~[ to me well kriown and known to me to be
~'~d~viduaDC described in and who ezecuted the foregoing instrument, and acknowledged before me that~hey g~cECU1ed ~the same for the purposes
~ rherein expressed. /l~OOV~C ' , :
~ • e ~IM t t~pwsks,lnd ~wvr1! ~
r~ ~E~~l!'~d~tR?~fB~lErR~df7~QEfef1~AT~RZQfd~lOS~1bRd~lld~OM!!~(Jld~O~e?~~l~Arf~ll~fFAT~lMCl7!!!~ • ' e~tdtieber
~ +e..~f end ~.:rl.oer e+~ ZernpeMa~ ,r eons++a~en-appre4ens er, ~efr fe~r of~a ~ranr lfer iai~lnntta+~ . . . ~ , • - `
WITNE55 my hand and offic;al seal this_ day of `J~e ~ ' ~ ,-A:-D. 19 72
~ ~
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Notary Pubtic in and fo? M~p y~f
f targe
`^s~~.' My Comm~ssion expires: ~i~Y, ~ o{ ~ORIDA it LAR~E
~ Return To: 1~Ay CQI~IMISSION EXPIRES SEPT. 25, 1975
~ ~irst Federal Savings b loan Associat~on gp~~ ~~yp~ ~
~ O{ Fort P erce.
Fort Pi_rte, Fiorida ~
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~ FILEO ~k^ ~ECOROED
~ ST.IUC~E CO[;NTY FLA.
~ R~~ra cr,s;P.AS ~
This Instrument Prepared By: RiChard K. Kayes CLERK C~~.GJtt COURT t
First Federal Savings & Loan Association RFCC+R~~ v~?;FtE~ ~
~ of Fort Pierce ~ Flor ida 33450 ~
~ Ju~i1l 2 s4PN'~1
~ Checked By
` o R ~cf`Z1~ 232193
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