HomeMy WebLinkAbout2013 3. To p:ace and co~~tin~ousty keep on the bu~:d~ngs iww or he~eafier ~~tuate on sa~d tand and on ali equ~p~nent and penonally covered by Ihis mo~
age, w:ih all pren,~u:ns thrreon pa d in (u~l, hre insuranca in the ~wal st.~ndarJ poi~cy furm, in a sum aHproved by the MOR~GAGEE, and windsto
~~s~rance in rh,.~ uiuai sfandoid pol.cy iorm, in a s~m approv~d by ~he MORTGAGEE, in such co~npany or co~»paves as the MORTGAGEE m
d~~ec~; and alI fi~e and w:ndsro~m insurance pot~c~as on any of sa~d b~iid,ngs, any interea~ therein or pa.l therFOf, in U~e aggregate wm atoresaid
in excess thereaf, sh~ll :untain the usual standard mortgagae ciause or su:h other clouse as Ihe Morrgagee may requ~re, making tha ~oss undtr said po
c~es, cach and .very, pay~~'e ro said ti10RTGAGEE as i1s +nteres? may appear, and eath and eve~y suth po::t/ sha11 be promptly d3syncd a~1d da:~vcred t
any hel~! by sa~d :.10RiGAGEE as funher s:curity to said n:or~gage drb?, and, no~ ~ess than ten (t01 d3ys in ad~ance of the erp~~ot~on of each polity, to d~
:~vrr to sa;d 1.10RIGc.GEE a r~nrwal ~hereof, together with a rece~p~ fw the premi~m of such renr+.al; and there shail be no Gre o~ winds~o~,n insurant
placed on a~y of sa~d 'o~i!J~ngs, any interesl thcre~n a part thereof, un!ess i~ the form and with ~he ioss payable as afo~esaid; and in ?he event any s~n
of ,noncy beco+~it3 payabie under such policy o~ poLcies said Mt7RTGAGEE ahall have ~he opt~on ~o reca~ve a~ed apy!y the sa~ne on account oi the i~idebt.:d
n~ss srcureJ hereby w to permit sald tdORTGAGORS to reeeivr and u3C if W any pu~t tt~ereof tor O:n~'r pu~i osi~s, ~•:.tho..t Iht~:ur w~~~~ ~3 :.r i~np.:u
~ny any equ!ty. I:en a r~gM undar or by virtue oi ~his moregage; and in the event sa~d MORTGaGORS sh~ll :or any reason fail to keep the sa~d premis~s so
~nw~~•d, or fa~l to dat~ve~ prompNy any of said poGc~es of insurance to said MORTGAGEE, o~ f~~E p:omptiy to pay f~~ly any prem~um therafor or m aRy
rrspca fai~ to pe~form, d.sch,:rge, axecuta, eifec~, comple~r, co.nply with and abide by thls tovenant, or any part h~reof, sa~d MGRTGAGEE may p~ate a~~d
p~; for such inwr.~nce or eny part ~haieof w~thoul wai~ing w affetting any optiun, lien, equ~ty, or nght undar o~ by vi~t~e of this ti~oregage, and the
!,;~1 amovnt of e.~ch and e.ery wch payrnent shall be immed~ately due and payabte and shail bear intcrest (rom tha date thercof un~il p.,id at ths rate ol
~+~:~e prr c~nturn per a~~nu:n ,,~~d ro~_•tliar v.ifh auch int~rest shaii ae stturzd by the lien o( lhis mort9age.
4. To permit, commit w suffer no waste, impairment w deterioration of said property or any part thereof.
5. To pay all and s~ngu!ar the costs, charges and expenses, including a reasonable attorney's fee and costs oi abstracts of titte, incuned or paid at
~~y t~n.~ 6y sa~d htORtGAG`_E, beca~se or in the event of the ia~lurr on the pari of ~he said MORTGAGOR to d~ly, promprly and fully perform, d~scharge.
wte, e!fecr, ca.~piefe, co~nply w~~h a~+d ab.de by each and every the st~pu~anons, agree~nents, conditions, and covenants of said promissary note a~d ~his
nxlgage any or e~eher, and sa'•d cosrs, charges and eapenzes, each and every, shall be imm~d~ately due and payable; whesher or not there be no~~ce dr
~,:an~, atte~npt to :oilect or suit ~rnd~ng; and the full amount oF each and every svch payment shall bea~ interest from the date thereof until paid al the
r• u~ ~,~na Exr crn;u~n yer am~~ n; m~d 311 said costs, charges and ex~enses incurred o~ paid, together w~th such inlerest, shall be secured by ~he 6en of this
mortgage.
6. That (a) in thr evrnt of any breach of this Mortgage w defaui~ on tt~ part of the MORTGAGOR, or (b) in the event any of sa:d sums of money
r.rrein refers ~ ro ba not promNtly and fully paid within thuty (30) da~s nex~ a~ter ~he same severatiy become due and paya~te, without de~nand or ~otice,
or (t) in tha event each and every the stipulahons, agreements, cond~:~o~s and covenants of sa d promissoiy note and this mortgaqe any w either are not
i~:y, promptly and tuliy perlotmed, d.scharged, executed, effected, compteted, compGed wi~h and ab~ded 5y, tnen in either or any such eveM Ihe sa~d ag
-~~~gate sum ment;p:ic~ in sa~d promissory no~e then remaining unpa~d, with intere;t attrucd, and ati moneys setwed hereby, shall betome due and pay
fo~th.v;th, or th_reafrer, at ~he op`~on of said MORTGAGf~, as fuily and comple~e~y as if all ef the said sums of money were onginatly st;pu~ated
~ be pa.ci o~ wch day, anything in sa:d p~om~sswy note or in this Mortgage to Ihe contrary notwrithstandr.~q; and thereupon or the:reafte~ at Ihe option of
. d MORiGAGEE, m~Thevt nor~ce or dCma~~d, suit at law or in equity, _ therefore or thereafter begun, may be prosecuted as if all mooeys setured hereby
n:/ rnatured pr,w to ~ts ~nst~tu:~on.
7. Thar in thr event that at the beginning of or at anq time pending any :vit upon this Mortgage, or to faeclose it, or to refor~i et, or fo enforce
r.ment ef any Na~ms hareunder, sa~d MORTGAGEE shall apply to the Court having ~w~sd.ction thereof for the appointment of a Receiver, wch Court shail
th~nvrh appo~nt a receiver ef said mortgaged praperty all and singular, incl~d:ng aIl and singutar the income, profAS, issues and revenues irom whatever
_-.e darived, each ard every of wh~ch, t~ing express!y unders~ood, is hereby mortgaged as if speufically set iorth and described in ~he granting and
e::d,,:n c'a~~srs her~of, and such Receiver shau have all the broad and effective funchons and powers in aoyw~se ent~usted by a Court to a Receive~, and
s_h apf;nlnrm~n~ sh.~ii ~ n,ade by such Court as an ad:n;tted equity and a maner of absolute ~ight to said MORiGAGEE, and withcut re~erer.ce to the
~.!_.~:,;cy or inadeq~acy of the vaiue of the property mo.tgaged or to the so~vency or ~nso!vency o1 said MORiGAGOR or the defendants, and ~hat svch
••s, protiss, incon-e, issues and revenues ahall be appGed by such Receiver accord~ng to the Gen or equity of said MORTGAGEE and the practice of such
C.JUff.
B. To du:y, Frempr:y and ful~y pe~torm, discharge, execute, effect, complete, con,ply w~th and abide by each and every the stipulations, agreements,
:.:nd~t~ons and covenants ;n sa~d promissory note and ~his mortgage set forth.
9. That in the e~ent the owne~ihip of the mortgaged pren,ises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
:'~RTGAG£~, rts wcc.,sso~s and ass~gns, may, .vrthout noT;ce to the h'IpRTGAOR, deai with such successor or successor in interest with reference to this
• ~-tga3e acd rh.c d_~r h~reby secured in the same manner as w~ih ~dortg;go. wi+Fw~t in any way viratir.g or d~scharg~ng the lAcrtgagors' liabiiity here-
<.irr or uE~on the d_i.f hereby secured. No sa:e of the prem~ses hereby mortgaged and no forbearan~e on ihe part of the /.10RiGAGEE er its suctessors
ass~gns sed r:o ew'e^sion of the time fw the payment of the drbt hereby secured given by the 610RTGAGEE o~ its successors or ass:gns, aaall operate
~o re~ease, d:scharge, mod~fy change or affect the orig~nal lian,lity of the MORiGAGOR herein, either in vvhole or in part_
10. It is scec:f:caliy agreed that time is of the essence of th~s contract and that no waiver of any ob!~gat~on hereunder w of the obligation se-
c~r~~d hereby shai. at any time ther,ratier be held fo bt a waiver of the terms he~eof or of the instr~ment secured he~by.
1 I.!,.. ,:i~+ i ro the forege ng month!y payments of ~rinc Fa! and ime~est requ~red by the prom'ssery no!e sec~~ed Mreb/, mortgagot eovenanes
~„~r_cs +o ;;ey to r~o•t3agee v.iih each month!y payn;ent an add~~~onal sum est•mared by morrgagee to be equa! to 1, 12 of t~ie annual cost of the tollow-
A-- rca' prepcrr; ra,~s lev~~~ or assessed aga~•,st the above describcd reat estate.
, E F~,•~ ,,,s on fire ard w~r.dsro-m ~nsuracce as nere~n req~;:ed to be carr~ed e~ the improveme~ts srtuate on th~ abo~e descr~bed premises.
t-Pr_-:* s un svch morrg.ge gvaranty tr.wra~ ce as mo~tgagee shail fro.*: ~ me ro time d~em fit to carry on the loan secured hereby.
:!or~gagee s~., ~ 3-om i~m< ro ri:re nov,fy mengaqor m•~.it~ng of the ameu~~ d~e and payable hereundrr and wch wn shafl th~reupon be due and
...AJ~B O'1 '~~1 CIJ°: Co.~ OT ~he ~~ext ~izonTh:y paym~nt and each successive month thereafter ucti{ mortgagee shall notify mo+tgagor of a change in suth
'j .,nt. Such su~r.s s~a.i 6e ap~~ icd by mortgagee toward the payment of real Froperty taxes, insura:~ce prem:ums, a~id mortgage guaranty insurance
I ~ ~ . +'~iums.
f IN ':11T~lE~S :'.H:R:O~, the sa~d MORTGAGOR has hereu~to set his hard and s~al the day an year first aforesrid.
i S~gned, Sealed a~d delivered in the presence of:
j . ` ~ (Sea!)
~ N[O~lt OII~
(Seal)
_ . ~
' Seal)
~ - - / - ~ (Seal)
~ ~::.TE CF fLORIDA
S5.
:.tNTY OF _ ~t.. Lucie 1
Before me personally appeared I~rk R• ~fltig,0I1~I'y and
_ _ ]~32~aI'@t A. Md[1~igOI1~2'~ his w~fe, to me well known and known to me to be
ind~v~duais desv~bed in ar.d who ezecuted the foregoing instrumeM, and acknowled~ed before me that they executed 1hP~~me,for tlly,purposes
~ t~•_~ein expressed. And tha said Marearet A• ~II'figOI1~1`y ~ • ~ '
r. o( the sa;d ~I~C R. Montgomery =-~a,~ a'a'epa,cate "sdd•.~ivate
•..~n nat~on by me ta4en separate and apart from her said hosband, acknowledged to and before me that she executed ssid~n}trurf`ient freely'3jnd:volun-
~ ar.d w~vhovt any compu~sion, constraint, apprehens;op, or fear of or from her said husband. , ~ '
y~ r 2
N~iTNESS my hand and oific~al seal this_ ~!1-- day of _ J~ T; TT A.~ IQ ~
- +_l / i~:~ , f :
~ ~ ~ 1~ i;fc~-= ' - • ' ~ '
N tary Pubtic in and ~or 16fe State oG~brids~l t~"iye'
x My Commnsion expires: ~ ~ j-~`~I~rtn~.,,.,
~ Retu~n Tc: '
~ F:rst Federaf Savings 6 Loan Associat;on
O` Fo t P ~•ce.
~ For. F~,~ce, Flor~d3
Q ~~u ~~caaoE~
s
~~~E COUN~Y f~ •
~
RO~~A ~p U{jpCOSUat 1~
This Instrument Prepared By J. H. Roberts, ~TI'. CtEF~` F?£p
First Federa! Savings & Loan Association RECOa~ YE
of Fort Pierc~ ~orida ~~y~ 2 48 eit
Chetked By _
~ ` ~!j~,
~
BOON~~ ls
_ - ~
~ - 5 ~
~ ,
, ;
~
- =