HomeMy WebLinkAbout1804 3. To place and corvinuovsiy ke,.~p oo tim bui:Jmgs now or he~eafter i~tuate on sa~d land ana on a~~ ~~q.,+pmem and perso~ally covered by lhis ma
ege, w:th all pren~~u~ns the~eon pa,d in full, fire insv~ancc m tne ~sual s~a,~ard po'~cy fo~m, in a swn 3~.~lfO~t~d bY ~hc MOR+GAG~E, and ~n•indsto
~nsuran~e in tht usual standa~d poLCy fonn, in d wr.~ approved by !he M~RT('iA('iEE, in such GOmpany o~ Co~npan.es ~s the h'.ORTGAGEE m j
d~reU; and all fi~e ar.d w:ndsrorm inwrance p.,:+c~es on any oF sa~d bui~d:ngs, any inte~rsl therein or part thereof, in the aggi~g3~e sum aferesaid ?
in e~cess thrr~f, shal{ :ont~in ~t:e uwal swndard mortgagee clause o~ such othe~ ctause az the Alortyagae may req~~re, makfng the ;oss ~nJr~ sa~d po
c~es, each arrd evary, pa,:,b!e ~o sa+d ti~JRTGAGEE a~ ~n intcrs~ may appear, a~~d each and e~cry wch pc~.c,r shatt be prompf;y ass g~~rd a~~d dr:~YOred :
any held by sa~d MORIGAGEE as furiher s•:curity to said mwtgage debt. and, not tess tha~ Irn (10) da~a in ad.a~xe of thz exp~~ahon of each po`~ty, to d
I~ver to said r.10RiGAGff a renewai ther~of, toge~her wirh a rete~p? for the premium of such renrwal; a:~d the~e shall be no f~re o~ w~nds~o+~n insu~anc
plated on any of sa~d buitd~ngs, any i~~terest there~n or part ~hereof, unless in rhe (orm and w~ih the loss payaa!e as aicresaid; and in the event any su~
of mo~ey betanes payab~e unJrr s~ch polity or poGci.:s said MORTGAGEE shalt have the opnon to rec•_~ve ..,~d apy,!y th~ s~me on account ot the indrbted i
ness secur~d hereoy ar ro pe~ml? sa~d 1dORTGAGC)R$ to receive and use it w any par~ ~hc:cui ior on~~r ~.~~:.cs~s. .:.~t,,;,;f ih:~.o, .,_~.,.y cr ,~•,~,.r F
ing a~y equ~ty, lien or ~~ght unde~ or bv vir~ue of ihis maregage; and in the evem sa:d A10RTGAGORS shaq `or any raason (ail ro ke.:p the sa~d prem~s~~s sa ~
;nsured, o~ fail to drt~ver pro~npNy any of sa~d poGeies of insuran~2 to sa~d h10RTGAGEE, or tad p:omptly to F:ay fu~~y any pre~~~i„m ~herefo~ or in a~~y ;
respect fail ro perfo~m, d~scha~ge, execu~e, effec~, complete, comply wi~h and ab~de by thts covenant, or a~~y pa:~ hareof, said MGRTvAGEE may p~ace a~a ~
pay for such insurance or any part thereof w~thout waiving or affecring any oprion, lien, equ+~y, or r~yht undar or by virtue o~ th~s Mo~tgag.~, and the ~
fcll amour,t ol each a~d e.ery such paymrn~ shall be immediafety due and payabt~ and shall brar interesi from ~ha datr thereof u~,~il p~~d at the rau ot
~une per ce~rum per ann~m ~nd to~~•th~•i .vrh such i~re~es~ shali !>e secured by the lien of thls mortgaga.
4. To permif, tommit or suf(er no waste, i~npairment q deterioration oi said praperty or any par! fhereof.
5. To pay all and s~n9ufar the wsts, charges and expenses, induding a reasanable auo.ney's fer and :osrs o( abslracrs of title, iocwred or paid at
.~ny t~me by sa~d MORiGAGEE, because o~ in the event of the 1a~lu~e o~ the part oi the said MORiGAGOR to d~ty, piompNy and fully periorm, d~scnarg~.
_rec~te, efied, comptete, comply w~th and ab.de by each and e~ery the stipu~a~~ons, agrean,ents, condinons, and covenar~ts of sa~d pran;;sory note and th~s
,rorrgage any or e:rher, and sa;d costs, charges and expenses, each and every, shall be immrd~ately due and payabte; wh~~ther or not there be nor~ce da
n,and, attempt to toilect Or suil pend~nq; and the full amouM of eath and evrry Suth payment Shall bear irttetest from the dat! thereol until pdid ai fhe
o~ n~ne per c~ntum p~r omw:n; and au sa:d wsrs, chaiges and ex;~enses ;ncw~ed or paid, together w~th suth interesl, shall be secured by the lian of th~s
mor tgage.
b_ That (a) in the event o~ any breach of this Mortgage or default on tir_ part of the 610RTGAGOR, or (b) in the eveM any of sa'd sums oi r;wney '
herein reFerred to be not promptly and 4~Ety paid within thvty (30) days ncat aftcr the same seve~dlty beco~ne due end payable, without demand or notice,
or (q in thr evem each and every ~he stipu:anons, agreements, cond~t~ons and covenants of sa.d pro~~.~sso~y note and th;s mortgage any w e~ther are nof
iu:y, promptly and fut;y ~¢rformed, d:scha~gad, executzd, effected, comp;eted, compGed with ar.d ab~dtd 5y, then in e~ther w any suth event !he sa~d ag
gr~gare sum menrioned in said p~omissory nora then remainin9 unpaid, with in~e~e>t accrued, and ail ~nonrys sew~ed hereby, shall become due and pay
ao.e forthw~th, or thereafrer, at the opr~on of ae~d h10RiGAGEE, as fully and comple~ely as it aff of ihe sa~d sw.+s of mo~ey were or,ginally s~~puiated
to bc pa.d on such day, anything in sa:d p+otn~ssory note or in this Mortgage to !h2 conrrmy notwithstand~ng; and thereupon w thereafter at the option of
s3:d MORTGAGEE, w~the~t no~~ce or demand, suit at law w in equity, therefore or thereai~er begun, may be prosecuted as if sll moneys aecured hereby
n.:d matured pnot to ~ts instituhon.
7. That in the event that at the beginn~ng of or at any time pending any su~t uport ~his Mo~tgage. a to foreclose it, or to relorm it, or to enforce
`r~me~t of any claims he.eunder, said h10RTGAGEE shall apply to the Court having jur~sd:cuon theraof ior the appo~ntment of a Receiver, such Cour1 st+ail
t:;~thwith appciM a receiver of said m,ortgaged property all and singular, indud:ng all and s~ngular Ihe in~ome, pro+~ts, issues artd reve~jues from whatever
s_.~-ce dar~ved, each and e~ery of wh;ch, n be~ng expressly understood, is hereby morigaged as if spec[licaily set forth and deuribed in the granting and
!~s:,endum clauses hereof, and such Receiver shall have all the broad and effect~ve func~,ons and por.ers in anywise entrusted by a Cou~t to a Receiver, and
s. ;h appointment shalt be made by such Court as an admitted equity and a matter of abso;~re r,ght to said MORiGAGEE, and without reference ro the
a<,~q~acy or inadequacy of the vatue of the property mortgaged or to the so:vency or ;nsotvency ~1 said MORiGAGGR or the defzndants, and that such
r•,fs, profits, inco.ne, issues and revenues shail be applied by such Receiver accordmg to the lien or eqvity of said MORTGnGfE artd the practice of such
Court.
8. To du'y, prompt!y and ful~y perform, d~scharge, execute, eifect, complete, comply with and abide by each and every the stipulatio~s, agree:nents,
conditions and covenants ~n sa~d prom~ssory note and this mortgage set for~h.
9. ihat in the event the ownersh~p of the mortgaged premises, or any part tnereof, becomes vested in a person other thart the MORTGAGOR, the
.'7RTGAGFE, ifs successors ar.d ass~gns, may, wi:nout raice to the RtiORTGAOR, deal w~th such successor or successor in interest with reference to this
ortgage an~ the d=bt hereby secured in the same manner as w+th Mortgagor without in any way vif~ating o~ d~scharg~ng the 1~lortgagori liability lur~
:~~dar or v~on the i?~b+ hereby secured. No sa;e of the prem+ses h~reby rnortgaged and no fork,eara~ce on the part oi the //IORTGAGEE or its successors
c. ass~g~s and no exte~sion of the nme for the paymem of the debt hereby secured g:ven by the MORTGAGEE or its wccessors or auigns, ai~a~l operate
ro re!ease, d~scharge, mod'rfy change or affect the orig~nal liab~l~ty of ~he MORiGAGOR herein, either in whoie or in parL
10. ft is speuficaliy agreed tha± time is oi the essence of thfs contract a~d ehat no waiver of any ob~igat~on hereunder or of the obligation se-
cured hereby shall at any t~me fhcreaf~er be heid ~o be a waiver of the terms hereol a of the instrument secured herby.
11. In add.~io~ to the foreye' ,g ~-,onth!y payments of princ pa~ and interest requ~red by fhe prom sscry nore secured hereby, mortgagor eovenants 1
+~~d agrees to pay to n,o:tgagee u,~h each mon~h~y pay~~em an add~r"onat sum es~~mared by mortgagee to be equa! to i. 12 of ti~ annua! cust of the follo~nr- ~
: ,3.
A-Afl real properry tax~s te•ne.a, or assessed against th~ aoove desaibed real estate.
, B-Prdn;~u•ns o~ fhe and w~:ldstoan ~nsurarce as herc~n rrqu:red to 6e can~ed cn the ~m;:roveme~ts s~tuate on the above d=scribed premises.
C-Prem~vms on such m.;,rtg,ge guaranty ir.sura~,e as mortgagee shai( from t:me to tbr,a deem fit ro carry on the loan Secured hereby.
Mortgagee sha:l .'ro~n r«r,e to r~me noi~fy mo.tgago~ ~n w~ir;ng of the amount due and payable hereondar and wch su~~ sha!I the:e~pon be due a~d
:,;abie on thr d~e ciare of ~he n._,ct ntbnih!y payment and each successive month thereafter ur.tii mortgagee sha!1 not;fy mortgago~ of t change i~ such
~unt. $uch wms si a.: be aE;F~lied by mcrtgag~e toward the payment of reai property taxes, insvrance p+em,ums, a:~d mortgage guaranty insurance
. -•emium5.
IN Y11TP~E55 ::HEREOf, the sa~d MORTGAGOR has hereu~to set h~s hand and seal the day and year first a4oresaid.
S~ ned, Seaied and deliver in the presence of: ~ ~
SeaQ
' Ch:? r le~ L . ?CI"2' ($esl)
C~t, O r~~ ~SCd~~
~ ~$Ca~) 1
r
~.:TE OF FLORIDA ~
! $S.
~ : ~uvrir oF ~t . i.ttc i~
i
~
~ Beiore me personally appeared CF'~ Y1~'=' 1.. i~f`I 2"S~
and
E _ r c~c kv Pe r z,y _ his wife, to me well knawn and known to me to be
~ 'he ind+viduals described in and who executed the fwegoing instrument, and acknowledged befo:e me that they executed the same for the purposes
i
rtierein expressed. And the sa~d_nf'C~Cy nerr}'
~
r.~Ec of the said _ y~ .
C°}t 7 e S I, . P t' T T i t~arate and pr7vate
e.am~nat~on by me ta;ccn separate and apart from hec said husbar.d, acknowledged to a~d before me that she executed sai~ir~~u ~~t, (~eely, and voluo-
',+•~Iy and w~+hout any com~uision, constraint, appreh~e~tn,.s~io.~n, or fear of w fr r said husband. V~.•~~ ~
YYITNESS my hand and offiual seal thi~- l'Y~C.~L~ da T'.1~ ~V
' Y A.~.'•19
i ~
otary Pub~ic in for the !1 bf F t Cajge -
y Commission expiret: _ ? : ; i
Return To: ~c~ ~ t~
. a i~• •-5Y1 1^nw ~9 f: rrt~.p9puo8
First Federal Savings 6 loan Associahon ;i 'i,~% ~~y~~~~N„~.±~,,,y~•;~jj('j~ ~ j
o? F~~f v t:~., e 3;,atr'i 1E Y~rr;:ui4 (q3t`ti1~ .,,-.a~es o11
ORf` Ai;vi
Fo-, v~~ Fio~;,,., ftlE0 AND itECtY A:
g7. WC1E ~P~lTAAS 5~?~~Y , -.i _t t,o~E
ROQER , ; ; ,
CLERK C~R~UiT COUfCT . _ . _ 'S
VERIfIfO~ ~o':aeo cr,-., _ _ _
~ PECOR~I .
This Instrument Prepared By Joh.^, CoI I i~~+ 54 AM
~irst Federal Savings & Loan Associatio:~ ~
of Fort Pierce 1 c r i r..-+ YR
' Checked By~--_ _
~ 23408'7 o R
, so~~2n~ QA~1803
~
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