HomeMy WebLinkAbout2678 3. To p'a:e and co~~tm~ously Aeep on ~he 6u~'d~ngs now or hercafter s~tuate on s~~d land and on aC rq~~F~~~~ent acd pcrsonal~y tovrred by this mor
ege, wah all prerc~w~~~3 ~<<cri~on d m(uil, fire ins,,ro~ue ~n th: usval stand.~rd po,~ty iorm, in d 5~~~~ aFNro.ed by thc hilJR~.~..v:E, and w~nJsto
~nsurance in ~ha ufujl s'~~~dard po~•cy forin, in a wm appro+~rd by th2 A1JRi('sAGEE, in suth to•r.~,~ny or to~~~{ an,e3 as ihe 6102TGAGEE m
d~rect; a~d all fire a~ d w:~dsturm ~nsurance po~~c~~~s on any of sa~d buiid.ngs, any interast fh~re:n or Fa•t thereul, in the agg~cga~t svm atoresa~J
in eacesa thr~eof, ahall wnrsm tne us~~~ s~a•~d.,rd mo<<gagee ciause or s~ch other da~se as the Mortyagee n:ay ~equ:re.•maA~ng the ~css u~~da~ s~~d po
c~es, each a~d eve~y, p.+yab'r to sa~d Ah7RTvAGEE as ~ts inscr,~sr may appear, and each and eve~y such pu~.c~ ah;ll br promNt~y assg~~cd ond de.~.~~rrd :
any held by sa~d /.'.ORIGAGiE as +ur~h~•r sacwity +o sa~d mo~tgage d_Dt, and, no1 less ~han ten (i03 days c~ ad.ance of the expuatlun of each po!~cy, to d.
I~ver to sa~d A10RiGAGiE u ranewal thareof, foqe~her v.~th a rece~pt for the pr~~nium oi such ~enewa:; a~~d ~hrre iEwi; br no f,re or w:nds~o~~n u:suranc
placed on any of sald 6~i!d~~~gs, any inreresr th~re~n or parr tl,rreof, ~n:ess in the fo~m and w~~h the Icss payabt,; ~a aforesald; a~d in the eYent any s~n
of money becor»es payaUte ~nJrr s~ch policy or pol~cics sa~d tAORIGAG'cE shall have ~ha opt~on ro rec•a.e .~:•d apN:y tne s~~:~e on accouro o1 ~he ind~-on•d
n~ss sec~ied fie~rby o~ to prrm~~ sa:d MORTGAGORS to recr~ve and use it w any part ~h•~:~~oi tor e:~~•-~ F-~'~ =s~s. ..,+~,o~t ih_~::,. .~_~.~:3 cr ~".p..~'
~ng any equ~ty, I.en or r~ght ~nd~-~ or by virwe of th~s mor~gage; and in the evem sa.d MORTG~GORS sha!1 ;or any rcason ia~l ro keep the sa;d premis:s so
:ns~red, or fail to dc:~ver pro~nNtly any of s.;~d poLt~~'s of ini~rante to said MORTGAGEE, or fa~: p:on,ptly to F;ay fu.ly any pre~n~~rn thrrrfor o~ in any
rrspect fait to pe~form, dach„rge, exewr~, efi<<t, completr, co~nply whh a:~d abide by thfs coven~:u, o+ any p.xi h,:reof, said t1luR7;,AGEE may p~ao~ a•a
p3~ fw such insur.,nce or a~y part thereof w~thout waiving or affecting any opt~on, lien, equny, or r,~ht ~nJer or by v~+tue of th~s tilor~g~ge, ar,d thc
t:.~l amoun~ oi eech and e.ery s~ch paynunr ahall be immediately d~e and payable and shall bear int~~rrst from th~ dafe rh~reof un~il p.,id at the rate ol
+~~:,e pc~ ccnrum per ann~:n ~:iJ to3_•~h~•r ~~!h s~cn inrerest shai~ Ex~ srcured by the lien oi this mortgagr.
4. To permit, commit or wffer no waste, impainnent w deterioration of said pruperty or any part thereof.
5. To pay all and singu!ar rhe custs, charges and expe~isrs, including a ~easonable at~wney's fee a~d cos~s of abstracts of t~tte, incurred or pa~d at
,n~ ti:> e by s~id MORiGAG`_E, because or in the event of the fa~iure o~ Ihe parl ot the said MORTGAGOR to duty, promptly and f~;ly perform, d~scharga
cu~r, r~tcd, tomp:e~e, co ~~pty w~~h and ab ~r by each and eve~y the st~pc;abons, agree~n~nts, cond~uons, and covenants of sa~d pro~nusoiy note ar.d ~h;s
-~.~rtgagC any or erther, and sa~d cosrs, cha~ges and expenses, each and every, shall be immed~ate!y due and payable; vvhether w not there be not~ce d~
~•~.,~~d, a~~r:~,p~ to co~lect or suit pend~nq; and the t~ll amo~nt of each and every svch payn,ent shall bea. intcrest from the date thereof until paid at the
u~ n~n~~ per cenru~n y..~r erow:n; ai+c' a~i sairl wsts, cnarges and ex;;r~~ses incur+ed or paid, ~ogethrr w~th such interest, shali be szcured by the I~en of th~~
:r.or~gage.
b. That (a) in ihe event of any b~each of this Mortgage w default an tFw part of the MORTGAGOR, or ;b) in the event any of sa'd sums of money
he~e~n refer~ed to b~~ not pro~np~ly and fui~y pa~d .~~fi,~n th rty ~3J; days next a~ter ~he san,e se~era'ty becane due and payable, witf~out demand o~ ~once,
or ;c) in thr event each and eve~y the sfip~:ai~ons, a9reements, cond~tions and covenants oi sa d promissory note and th:s mortgage any or either are nel
i~:y, pro~npriy and i~lty performed, d.scharg=d, exec~r~d, eftected, cornpleted, compl~ed w~fh and ab~ded 5y, ihen in e~ther w any s~ch even? ihe sa~d ag
~•egate sum mem~oned in sa~d promissory nGTe then remaining unpaid, with intere,t acuued. and all moneys secured hereby, shalt become due and pay
ar. r forthwith. or therraitcr, at the opt~on of s~;d h102TGAGEE, as fu'~Iy ar.d comp!etc~y as il a~l ef said wms oF money were ongina:Iy stpu:ated
t;, b.~ pald o~ svch d~v, anything in sa.d prom;ssory note or in this 1L1o~tgagr to the contra~y not:.nhstand:ng; and thereupon or therealter at the opt~on of
s- d MORTGAGEE, wat.cut rot~ce or demand, su~t at lew or in equiry, therefore or therrat~er b<gun, may 6e prosecuted as if all moneys secured h.:reby
r-:d matured pnOr tn ~ts ~nintunon.
7. That in ~he e.~~+t that ar the beginn~ng of or at any time pending any su~t upon th~s Mo~tgage, or to for~lose it, or to reform it, o~ to enforce
~~ayment of any ciaims he.eunder. sa~d htORTGAGEE shail apply to the Ceur~ havinq ~unsd.ctlon th.:~eof for the appo~ntmenl of a Receiver, such Court shail
~c~thwirh appo~nt a recei,rer of said mortgaged property all and singular, inciud•ng all and s~nau~ar ihe ir.come, profrts, issues and revenves from whatever
s= .+ce derived. each and eve~y of trh.ch, it be~ng expressly unders~ood, ~s hereby morrgag_~d as if spec~fically s~f fo~fh and descnbrd in ~he granting and
i•_,eendum cla~ses hercwf, ar.d such Rece~.er shatl have all the broad and effeuive funct,ons .+~~d po.+ers in anyw~se emrusted by a Cou~~ to a Receiver, a~*d
s;h appointment shau br made by wch Court as an admitted equay and a matter of abso:~te r~gM to sa~d MORTGAGEE, and wifhcut reference to the
ad~~q~acy w inadeq~acy ot tF.2 val~e of the property mo~tg,ged or to thr savency or ~„so~:ency o1 sa~d MORiGAGOR or the d<ia~,da~ts, and that such
r• ~!s, proFits, inco•ne, issues and revenues shafl be app!ied by suth Receiver ac.ord.ng to the lien or equ~ty of s3:d MORTGAGEE and thc praUite of such
Court.
8. To dv~y, p~ompt'y and fuily perlo~m, d~scharge, execute, effect, con,~lete, comply wiih and abide by each and every the stipulations, agreemenis,
__~d~tiens and covenants :n sa~d prom~ssc'y no!e and th~s mortgage set forth.
9. Thar in the evem ~he owr.e•sh(p of the mortgaged prenuses, or any part tncreof, becomes vested in a person other than the MORTGAGOR, the
.~::RTGAGEE. in successon ar.d assigns, may, ~~~Thout netice to the KORiGAOR, deal ~+vith such successor o~ s~ccessor in interest ~vith reference to this
•rTgage a~d th~ d,bt he~eby sec~~ed ~n :he same ma~~ner as wnh 1'dorrgagor wnho~t in any way vit.ating or d:scharg~ng the l~lcrtgagoci liabliity here-
~-~d.=r or upon the deb+ hereby secv~ed. No sa`~ of ihe premises hereby mortgaged and no forbeara~.ce on the part of the !10RTGAGEE or its svccessors
e~ ass~gns ar.d no exrens~on of the hme for the paymem of the debt hereby secufed g~ven by the MQRTGAGEE or its successors or ass~gni, al~all operate
ro re!ease, d.scharge, mod~iy change or affect the o~ig~nal liau~t~ty of the MARTGAGOR here~n, either m whale or in pmt.
10. N is speuficauy ag.eed that rime is o( the es:ence of this cororact and that no waiver of any o6,:gat~on hereunder or oi the obligation se-
c.,red hereby shaie at an~ time th~reafter be hu'd to be a wa~vzr of the terms hereof or of the ~nstrumem sec~red herby.
11. !n ~ced t:o~ to +he forece ,.7 ^~onth'y paymems of prinCpa{ and interest requirrd by the p*o~n"sscry no'r secured h~~rab~, mortgagor covenanis
~ d ayr_es tv ;~ay to r:orrg:~gee v+~th ~•ach ~n~n~h y p~~,.:enT an add~~io~~al sum cst „ated b~ morty3gee to be equa~ to i 12 of thc an:~ual cost of the foliow-
A-A~I ~eai F,+ope•t~ taxas ievr_~ or d5S°SS~ri agai•ist the above desc~ibed rrat estate.
B-Pr:-, a,s on f:re and .tiir.dsro ~n insv.ance as here~n requ~red to be carri~d cn the ~m;;rovemeits s~tuate on thc abovc d_scribed premises.
C-Pre:nwr. s e~ s~ch morT~,ge ljVdr3':ty ir.svra~ ce as mo+tgagee shali froT r me to time deem fit to carry on the !oan secu:ed hereby.
h.ortgagee s':.-`i f•;;~n r~ na to !:^:e ~~cr~f~ mcrtgagcr in writing of the amou~t due and payable hereundar and wch sun sha!4 thcreupon be due and
~ ..~ble th~• d~e da~~~ .i ~h-~ ~~~~,et ~•.onth.~ paym~nt and each wccessive month thereaiter ur.til mcrtga~ee shall not.fy mortgagor of a change in such
:um. Such w:ns s~ a.~ i~e ap~~.~rd ~y morsgaa^e toward the parment of real prcpe~ty taxes, insura.~cz prem,u:ns, a.id murtgage gwranty insurance
~ , •e.~i,iVms. ~ .
IN \V1TNE5S :.HEREOF, the sa~d MORTGi,GQR has hereunto set hi; hand and scal the day and year fint aforesaid.
; Signed, Sealed ar.d d ver in t~presente o~ ,
~ _ - L. (Sea4
~ ~ J PAti@ V21'1 81@ (Sesl)
1 L~GC-ic h..~SJ ~ tSea1) .
Narie Van Daele ~~a,~
S;ATE Of FLORIDA 1
}
~ ~U.'JTY OF Str• I11C~@ _ ~ S
Befwe me per }o~naliY apP~,ared ~te V~21 ~}8~@1@ ' a^d
P73I'18 Vall e A his w~ie, ro me well k~own and knovvn to me to be
e individvais described in and who executed the foregoing instrument, and acknow+edged before me that they executed the same for the ptrrpoaes
r~~ •ein expressed_ And the ~a~a_ Marie v3I1 Daele
~ ; r, P6ti8 v8A D3@Z@ u ors. s's raf~f ~and rvate
. of the sa~d - • P ~
n~nar~on by me ta~~•n sepa.ate and apart from her said husband, atknowledged to and before me that she executed said instrumetif freely and votun-
y ard w;rhovt any co+np„Ision, constra~m, a~ preh~
~s':o~r~~ or fear of or from her said husband. ~ : ~ 2
~ WITNESS my hand and off~c~ai seal th~s _~11.~-- day of_ ~ Al D. 19 7
~ ~ ~ I ~ ^ i
~ ~-l~J-+~L - -.1ti ~-1t l ~ /
~ Not`ry P~b~~c in and i the tate of"florida at tar9e
My Comm~ssion expires: ~
Return To ,j ' , ~ ~
~ F~rst Federat Sal~ngs 6 Loan Assoc~at.on
o~ : c~ . ~ . . ~ ~;yR~EO
~ Fort P~...:,•. F:..~.~la fILEO ;Uh7~( FIA.
~ St IUC~~ ~+RI?5 '1
R" = ' GOURt j'i
~ c: K. 1 n .
~ a=; ,s '
= This Instrument Prepared By dOh.'1 h'. COllfri3 Qu
~-3 F~rst Federai Sav~ngs & Loan Association ~~W 30 4 ~3
of Fort Pierce , Florida v~ __`'~~pQ
C70
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