HomeMy WebLinkAbout2686 J. To place a•~d continuously keep on the bu~'d~nc~s no~nr or hereaite~ ~rtoare on sa~d iand a~~d on a~: .•qaii.ment and penond;fy covered by th~s mor
e9e, w:th atl prrni~~:ns tt~e~con pe d m full, f~re inauren.e m the usua~ standard po:~ty form, in a 1~~~~ .+HN~o.rd by tht 11Jk~v.:vEE, a: J wr.+~isto
~~~wrance in tha uwal STJt1CIJld ~O~.CY io~~n, in a wm appru.rd by ihe MORTGAGEE, in such con~pany or co~npan:es as ~ha 1'.tOkSGAGfE m
d~reU; and all fire and w~ncis~o~m insurante poticics on any of saiC) bu<td~nyi, any inler~sl there~n or {;a~t ti~cr~af, in Ihe agg~cyar~ s,;~n atoresa~d
~n excess thereof, shall ;un~.,in Ihr uw.:~ sta~~d.,rd ~nortg~gee c~euse or such o~her clavse as ?he h1o~~yagee may rryu.re. mak~ng ~he ~oss .,n~r~ s~~d po
c~es, each and every, pa,a5'e to sa~d A~JRiG.4GEE as ~ts ~rocrest may appea~, artd each and e~rry s~ch po .c/ sl„II t,r promptty a:s g~,~d ond dr.~:~~r~~d
any held by sa~d h10RlvAGtE as f~rrh_r s_cvnty io sa:d mortgage drbt, and, 001 less than ten ~i0) dars ir~ aJ:an:e oS tne ea~:nahon of eoch po!~ty, to d.
I~ver ~o sa~d ;10RiGAGEE a renew3l theceof, roqerhzr wiih a rece~pt for the prerni~m oi wch rere~na!; a~~d ~hrre s!~a:i La no f~~e ur .,,;~:uvo~~n ins~ranc
placed on any of s.~~d bui'd,~~gs, any interest tfirre,n or pa~t ih2rrof, un;ess in the icr,n and w~eh ~he icss pay.,b!e ~a afcresaid; ar,d in the erenl any sun
of money becomet payabie unc~r s~ch poiicy or pol~c~es sa~d ~.'.ORTG!iGEE shall have ~he oN~.on to rec~~.u .~::d apH:y ~ii~ s~~~~e on aaoc.it of fne ~~~d~bi~~d
ntys secured hc~eby o~ to perr.ut sa•d MURTGAGORS 1o reta~ve and ~se it q any part ~h._:~~oi for cr~: r ~...-~.:scz. ...r,;;-,;t ih_~..,. ~ ci ,p..i- ~
~ an e u~t f,en or r~ h~ undor or b v~riue of th~s mcr' a and in the event sa.d MOe~TGAGORS shrl ior an ~cason fa~l to k.~e ~he sa~d ~ein~s:s so i
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~~~suri(J, p~ {dil 10 (~eiiver prp~nptly dny Of S~i(~ pOl~CiiS Of inSUrdnCB f0 Sd~d MORiGAGtE, O~ t~i: p:onq,tly 10 ~:~y fu~~y any p'e~`~wm 7hc•~~~10~ Or irl d'~y
rrspi-ct ta;l to perform, dsdiarcJe, execu~e, effect, coR~plctr, canply w;rh and ab~de by th~s coven~n~, or apy p.+rt hore~f, sald MGRi;,AGEE n~ay p;ac~ a~o
pa~ ior such insurence or any part the~eof wnhout waiving or atfeaing any ophon, lien, equ~ty, or r~~l~t unJer or b~ v~rt~e of this titoitgage, and thc
f~;I aniount ol each and e.rry such pay~neM shall be immediatety due and payabte and shaN b~a. int~r.st fro~» thr data thercoi um~l p~~d at the rate oi
e per cen!um pe~ anrw,r. and t~~~•ih~r ,n~Th s~ch int~~r~v shaii be s~cwrd by the lien of th;s mortgage.
1. To permlt, tommi? or suffer no waste, impairmeN or detariorat~on of said proFerty or any part thereof.
5. To pay all and sing~lar the costs, charges and expenses, including a reasonable anorney'a tee and cests of abstracts of t~t!e, i~cuned or pa~d at
~~y ii:ce by sa~d MORTGAG`_E, because o~ in the event of the fa;iu:e on ~he parr of rhe sa:d A10RTGAGOR ro du:y, pron,pNy and fully prrfpnn, d~scnarge
:~~•c~t2, effect, comp;ete, to:nply wah and ab.de by ea.h and every ihe stipulat~ons, aqrea~nems, co~d~nons, and covenants oi sa~d pro:n~ssory note and this
~rcgage any or e~~h~~, ond sa.d costi, charges and expenses, each and every, shall be immcd~atc:y due and payab:e; wherher or nor rha.e be not~~e d~
.,•~d, atte:npf to col+ect or svi~ pend.ny; and rhe ful! amount oi each and e~ery such payment sha~I bea~ mrrrst from the dare thereof un~il pa~d at Ihe
~ o~ n~ne per c~ntu~n y~~ a:s~~u:n; .,nd a„ sa+d cuvs, u~arges and l'Y~:dOSf3 ~ntwred or paid, togetner w~th such interost, shail be setured by the I~tn of th~s
morigage.
6. That (a) in the event of any breach of this Morrgage o~ default on tt~ part of the NORTGAGOR, or ;b) in ~he event any oF sa'd sums of money
'~~-rein ~eferre.i to be not pron,ptly and fully paid within th.rty t30) days next aftar the same se.era'fy 6ecane due and paya6le, without demand or nonce,
~r in thr eve~t rach and every the snpu~at.ons, agreements, cor.d~t~ons and covenanrs of sa d pror+rissory nore a.~d ~hn mortgage any or either are nol
i~,y, promplly an~1 fuily perfonned, d,acharg~d, execured, eifected, tompleted, comp:~ed with and ah~a~d SY, then in e~~her o~ any soch event the sa~d ag~
~~_~~ate sum manrioned in smd promissory note then remain;ng unpa~d, w~th inierest accrued, and o~i mona;s secured hereby, si,aN becume due and pay
a~ ~ forthw~th, or rh~rratter, at the opi,o+~ of soid MORTGAGEE, as fully and canpietely as if ail of tl~~ sa~d sums of money were or,g~nat~y st:pu:atc•~
ro b.~ pa:d on such day, anything in sa.d pro~n:ssory note or ~n th~s Mortgage to the conrrary norlv~fhsfand:ng; and ~hercupon or thereaiter at the op~~on of
za.d MORTGAGEE, wnF.o~t nonce or demand, suit at taw or in equity, therefore or thereat~er beg~•~, may be e~osecuted as if alt moneys secured hereby
n: d mat~red pror to As institution.
7, ihat in the event that at the beginn:rg of or at any time pending any su~t upon this Mo*tgage, o~ to fo~eclose it, or to reform it, or to enforce
F ayment of any clsims he~e~ndrr, sa~d MORTGi+GEE shat~ appty to the Court having ~u~~sd,ct~on thereof for the appo~ntment of a Reteiver, s~ch Cau~t sha~t
r.,!hwith appoint a recer+er of sa~d mortgagi-d propNrty all and singviar, inc;ud,ng ail and singular the income, profds, issues ard revenues from whatever
s,rcr derived, each and every of wh,ch, N be~ng express'y understood, is F.ereby mortqaged as iF spec~fical{y set fo~th and descritnd in the g~anr:ng and
h~-:endum cia~ses hereof, and svch Rece;ver shail bave a!! the broad and effective funct o»s and po:tiers in anyvvase emr~sted by a Court to a Recriver, and
s;h appoirttment shaU be made by wch Court as an ad~nitted equity and a matte~ oi absoiute riyht to said h:ORiGAGEE, and v.~chout ~eferer,ce to the
~_~a~scy o~ inadequacy of the va(~e of the property mortgaged or ro the sovrncy or ,nsoi.ency of sa:d NORiGAGOR o. ehe defencien;s, and that such
r~• ~s, proiits, income, issues and revenues shau be applied by svch Receiver accord:ng io the {ien w rquiry ot sa,d MORTGAGEE and the pract~ce of such
Court.
8. To dufy, prompYy and fully pe~fo~m, d~s:harge, execute, effect, comp(ete, comp(~r w~th and ab:de by eath and every the stipularicns, agreements,
_a:ditions and coven.~nis in se~d prom~ssory note and th~s mortgage srt forth.
9. That in the event the ownersh;p of th2 mortgaged prem~ses, or any part thereof, 6ecomes vested in a per=on other than the MORTGAGOR, the
:`RiGAGEE, irs sv:cess~~s and ass~gns, may, w~:hout not~ce tc the \tORiGtiOR, deal with such svccessor or svtcessor in interest with rrference ro this
~ o•~gage ar.d rhe drur hereby secwed in the sa:-~e manner as w~~h Mortgago~ wnhout in any way vit:ating w d~scharg~ng the lAortgagori Iiability here-
der or upon the drbt hereoy secured. No sa~e of the Fremises hereby mortgaged ar.d no forbearance on the part of the /dORiG.4GEE or its wccessors
o~ assi9ns ~nd no ewtens~on o( the nmc for the paymeni of the debr hereby secured given by the :10R7GAGEE or ifs successors or ass;gns, a~;a!I operate
ro re~ease, d:scharge, mod~fy char.ge or aftect the orig~nal liab~iay of the M.ORiGAGOR herein, either in whole or in part_
10. It is sp•~c~fica~iy ao~eed that time is of the essence of this contract and that no waiver of any ob?;gat~on hereunder or of the ob?igation se-
~,;red hereby shal; a~ any time thereafter be heid to be a waiver of the terms hereoi or of the ir~srrument secvred herby.
t I. In a:id tio:~ ~o the foreqc nq ~t.or.th.'y payrnenrs of pr~nc pal and interest requ~red by fbe prom sscry no!r s::ured her~~b/, mOrT~agJ~ eovenants
d a^y~^e5 ro ray to ~.;c•~g ~gee v.~rh each ~nonrh'y pay: ~ent an add:~~onal sum cst r ated by mortgagre to be ey~ai to 1 12 of th~~ ann~ai cost of tne iotlow-
A-;.f: rea: pro,rarty taxas le•nzd or assess_d ag3i•~st thc ahove desc.ibcd reai estate.
6- Frr,_;,:,s on f~r~~ ar,d ~+vbzdstonn ~nsurarcr as he:e~n rrqu:red to be carried cn the imprcvem2~ts s:!vate on tfie above d=sc~ibed prem~ses.
C-Pre:~::,~~ s o~> >uch mort~age guaranty ir.sura+.ce as ma tgagee shail frar. t~ne so tim~~ deem fit to cany o~ fhe loan s^cur~d hereby.
~:,ortgagee s'~.oli =~cm tu~ie to ti-ne nenfy mortgager in v~rit~ng of the a.^.~ov~t d~e and payable herzurtdar aeid s~th su~n shaii ti~~~reupon be due and
. E~~e on rh~ d,,~ ci~,•e of rhe n_•,.r ~~ic~trh:~ pey~~~ent and each successive monih thereafter u~.t;I mortgagee sha'; r.ot:fy mortgagor of a change in svch
~.;~n.. Such sums sha,i ~~e app~.~ed by ~norty-ag~-e tas.a~d the payment of real property taxes, insurance pren:.u~:r:s, and mortgage gu3ranty insurance
~ •-~~~:iums. 1
IN :vtir~ESS '.'rHER~OF, rhe sa~d MORTGAGOR has l~ereunto set his h3nd and seal the day and year first aforesaid.
' ~ S~gned, Sealed and de' er in the resence of: 1
~ ^ i
- / (Seal)
'~'LL/ _ger aCroiat._a singZe adu~,p
~ (5eaq
- - - - (Scaq
; S-;iE OF FLORIDA ~
I ~JUf,ITY OF St LL]Cle
. ~
! Befwe me personally appeared Roger La~roix, a single aCitllt
Yi6Y
` JE10~( to me well k~own and known to me to be
rt~.~ individual~Cdescribed in and •,~ho exewted the foregoing instrument, and acknowledged before me that Jhei e:ecuted the same fw ihe purposes
rherein expressed. ]QlOQ~
~cxtK - - -
. . i~c /
n gi~
WITNESS my hand and o~fic~al seal th~s_ _ ~.J Q day of J~e r' A. D. I 72
- - i~ -
Nota Public in and ior t e Stat of fbrida ~t targe
My Commission expires: ~ 1 - ~ `
Return To: ~
First Federal Savings 3 loa~ Assor.at;on
Of FuN P ~ co
Fort P~_•ce. Fl~r~:f+ . 1. t•,-CUa,~o
Fllf~,..'~ .,,~hS`l FU.
st a;'•'_- . ~,~s ~
- r r ' ; ,;i ~~U~T 111
Th~s Instrument Prepared By ~ J. H. Roberts ~ JI . - - '
AF~"+
First Federal Savi~gs 8~ loan Association
of ~ort Pierce ~ ~lorida ~ ~(1 j~ 03 ~'M ~ L
u
Checked By - ~325(~~
pC~~!~~ PAGE~,US~
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