HomeMy WebLinkAbout0073 3. To p:.ue an~ con~~nuo~sty keep on ihe b~~:d~ngs now o~ hercafter a~tuare on sa~d land and on al; eq.,;pment and personally covercd by this mor
~ i', w:fh all prcn,:u:::s Sh_r.vn ~~a d~~ lull, }Ue insuranca in Ih< uswl S~onJa~d po'icy ~onn, in a s~m upprovrd 'oy Ihc I.~GR~G.1GfE, a~~d wi:~dsto
- s~r«n,a i,~ tha us~al sr,nJ.,~d pot.cy lorm, in a wm app~o.ed by the h50RTGAGEE, in such CUmp~ny Qr compames os iht A10RTGAGEE m
J~~~cf; and aU fire ar,d vi~nda~urm insurance poiic~es o~i any oi sa~d 6u~id.ngs, any inreree! theie~n or ~,art th~reo(, in the eggr~ga~e sum aforesa~d
;n excuss ther~of, s~~.,i! :ont.,,n the usu.:l srandard morr~~gee c~~~se w su:h aher c~~use as the Mo~tyagee may requ.re, making the ~oss ~odrr sa~d po
:~•s, each and ~very, pa:,,E,'e to sa~d AS~RiGAGEE as ~~s i~va;es~ rnay appear, a~x1 each and e~e~y such po:~c~ ~h,~{1 be piompt{y assgn~d a~~d de:iv~rrd i
i t~c•~d 6V s~~d ldOR1GAG~E as furth_r secwity ~o s~~d mor~gaye Jebt, and, not tess than ten (10) days i;~ adrance of rhN ex~,ire~~on o} each ~ol~cy, ~o d~
•e~ to sa~d ;10RSGAGEE a renewel thereof, toge~her wiih a ~rce~pt ior the pre~nwm oi such reneHai; ar.d ihere shall 6e ~~o f,re o~ wu~duorm insuranc
E''+ccd on any uf sa~d b~;ld~~~gs, ar.y ~ntcrest the~e:n or part the~eof, unl~sa in the iorm and w~th the loss payab(e as aforesaid; a~d in the e~ent any sun ;
.;r monzy ~~•~~rnes pay~t:e under wch policy or policies s~;d MORTGAGEE sh~ll have ~he op~~on to rec•_~ve a~~d ;,pN'y ~he sa~ne on accou:~~ of the indabt~d ~
e ts s~~e~rrd h~r~by w to permA s3~d MORTGAGORS ~o fECBiv2 and uSC it Or dny fi,~rl the:•~oi Icr Otr- r~.ur; cse•s. ~.~~i:~.;t th:•. u; .r~c.~ c~ nnp~~r
any equ~ty, li~n or r~yht und_v or by vrttue of this mc:tgage; and in the event is:d MORIGAGpR$ sha!! for any rcascn fail to keep the sa~d premises so ~
~~sur~•J. or fail to dclivei pron,ptly any of said Ewl~cies of insurance to seld A10RiGAGEE, or foil p:o~nptly to pay ful~y any pr~nu,,:n ther~lor or in anV
~~-sp_•ct la~l to perform, d~sch,;rgc, exetute, effect, canplete, compl~r w~ih a~d a3ide by th~s covenant, or any p.vt hareof, gaid h10RTGACEE may place a-~d '
i
c~; for s~ch insur,~nce ot any part thereof without waiving or affecting any opt~pn, lien, equrty, or right under or by virtue of this Moregage, and the
: a~,w~nt of each and e.e•y such paymeM shall be immediately due and payabie and sha11 brar interest lrom ~h~ date thereof until paid at the ~ate of
e p~~r centum per .a~~nu:n and !o~~•tiiar wifh suth int~v¢st shai~ be Src~red by fhe tien of this mo~tgage.
S. To permit, com:nit or sufFer no waste, empai~ment or drreriosation of said property w any part thcreof.
' S. To pay all and singular the costs, charges and expenses, including a reasonable attorney's (ee and costs of abst~acts of title, incurred o~ paid at
• by s,;~d 11lURTGAGEE, because or in ihe event of tl~e faJur~ on the part of the said htpRTGAGOR to d~ly, pro~nptly and fu~ly pe~torm, d~s.harge. ;
rc~r. , effec~, con.plrte, co•npty wuh and ab:dr by each ar.d every the st~pulat~ons, agree~nents, cond~tions, and covenants of said promissory note and th~s '
;•rgage any or ~~ther, anJ sa d cos~s, charges and expenses, each and every, shail bz immed~ately due and payab:e; whe~her or not there be ~ot;~~ d~
d, atten,pt to co;!ect or svi~ pend~~zg; and the full amouM of each and eve~y auch paymem shall bear interes~ from the date thereof until paid nt !he
' ~~;~~ir ~.e~ c~n:um y•~•r an~,v.i, .:nc! ~11 saiJ cwts, ciiar~es and ~apenszs incwred w paid, toge~her w~th svch imerest, shalt be secured by the lizn of ttns
~ tgjge.
N. Tha+ !al in the eveM of any Lreach of this Mortgage or default on th~ part of the N~RTGAGOR, or ~b) in the event any oF sa:d sums of money
,eG~ re!rrr ~f ~u be not pro:np±iy and iully pa;d v~;:hin th~+ty ~30) days Rext afrcr tFe same se:cra~ly become due and payable, without demand or ~otice.
_ r,U in tha r:ent e;,ch a~d every ~he stipular~ons, ag~ezmenfs, cond~na;s and covenants o! sa.d pro~n;ssory note a~~d th:s mortgage any or either a~e no1
_'.!~.y, rrOmptly dr.cf fully performed, dschargzd, executed, effecred, comp;eted, cornpLed w~rh and ab~ded Sy, then in euhzr cv any such event the said ag -
~~'e wm rrent~~~~ed fn sa~d prontissory nctc thrn remaming u~~pa~d, w~~h intere;t attrued, and a~l m.oneys secu-ed hereby, shall become due and pay
forth~~•ith, or rh_~r~•a?re., at the op?~o~~ of said h10RTGAGEE, as fully ard, comple~efy as if a!I of tt,E sald s~ms of money were onginally st~puiated
t~<~ p.~ d on svch d;.~, anyfhing in sa d prom~ssory note or in this 6lorrgage ~o the conrrary notrithstand:ng; and ~he~eupon or thereaiter at the opt~on of ,
MORTGAGEE, w~t!,~u! nonce o~ demand, suit at Ia~v or in equ~ty, therefore or thereaiter begun, may 6e nrosewted as if all moneys secured hereby
J~;~atureu Fu~Or ro ds insnfut~on.
7. 71,at ~rt th: zvrnt Iti3t at ~he begenning of or ar any time pending a~y suit upon this M.o~tgage, or to foreclose it, or to reform it, or to enforce
.:~~ent of any ci,i~~~s hr•e~nder, sald 1dpRTGAGEE shall apply to the tourt having ~ur~sd~crion tFMrcof for the appomtment of a Receiver, such Court shail
r:.v+th aF;po~M a roce~ver of s: id mort9agc-d property atf dnd singvtar, in~1~d r.g a~l and s~riqular the ir.tonie, p~o1~ti, issues and revenues from whatever
'.e der:ved. each a~~d every of wh.ch, n being express~y vndersrood, is hereby mortgaged as i1 spec.ficaily set forth and described io the granting and t
•~~•,ci~~n c:a~ses he.~of, and such Receiver shall have alt the 6~oad and effective fun;t~ons and powers in anyw~se emr~sted by a Court to a~Recriver, and
',~,;f'c;nr+T.e~v sh~l; bc ,nade by such Co~rt as an ad,~itted equity and a matter of absoiute right to said MURTGAGEE, and without referente to the ?
;.~scy or ~nadaq~acr oE the value of the property mortgaged or to the so~vency o. ~nsavency oi sa[d MORiGAGOR or the defendants, and that such - -
•5. Froi,~s, inc..ne, issues and revenues shatl be app~ied by wch Receiver acco~d~ng ?o the 7ien or eqvery of sa;d MORTGAGEE and the practice of such
,,rr.
8. To do'v, pr~mpt:y and fully perfor:n, d;scharge, exec~te, effect, compiete, comply w~rh and abide by each and every the stipulations, agreements,
:~t~o:;s ~r,~t cevrnanis ~n sa~d promissory note and this mortgage set forth.
4. That ;n the ecent the ownersh~p of the mortgaged prenuses, or any part thereof, becomes vested in a person other tban the MORTGAGOR, the
"R'G4GEc, irs succrsso.s a,:d ass~gns, may, wiihout notke to the ~10RTGAOR, deal with such successor or successor in interest wifh referertce to this
-~goge ~ird rhe J_ct F,~r~by secured in the same manner as vvith Llortgagor without in any way vit;ati~g or d~scharging the Mortgagors' (iability herr
or u.an the d~i~t hereby secu~.d. No sala of the p~em~ses h,reby mortgaged and no forbearence on the part of the /J10RiGAGEE or its successors
~sz~~~~s ~nd •ro e,.re^s~o~ of fhe nme for the payment of the debt he.eby secured 9~ven by the 1dORTGAGEE or its successors or ass:gns, a~wll operate
~e~~•use, d.scharge, mcxllfy ~t~ange ar affecr tne origmaf Ga~~;~ry of the N.ORTGAGOR here;n, either in whole or in part.
10. Ir is s;,-~u.'rc:;::y ,,greed rhat t;me is of :he esser,ce of th;s contract and that no waiver of any ob~~garion hereunder or of the obligation se-
.---ci hereb~ shal~ af ar,y ti~:e thercafter be he:d to be a waiver of the terms hereof or of ihe instrument secured herby.
1 I. In c:ci:! r::.: ro tt:e fere~c nq mo~tfi'y paym^MS of p-inc pa! and intzrest requ~red by the prom'sscry nore secured hereb~, mortgagor eovenants
~~Si'-~S .-~ti 1~~ ^-"'3 ~9•'E 'r.~ti: each monrhiy pay~.:e,;t an addr,~onal sum es!~,~.a~ed by mo~tgagee to be equa! to i, 12 0~ tiie annual cost of the follOw-
A-=.'~ ~ca? ~:rcr-• ~r; tax~s Ir:~c~ or assesse:d ag3i•-st thc aFove describcd real estate.
5 F:_ , e:~ f:•~• ,~~,d r,~•,dsic~~~~ ~nsurarce as iiere~n reqv,r•~d to be carr~ed en the :n,;:roveme~ts s~tua~e on the above d:scr'bed premises.
C-Pr~~•n;: • s c e such n,ortg:,ce guaranty ir.surar.ce az mortgagee shail fro~r t-m= to ti~ne drem fi~ to carry on the !oan secured hereby.
~
t:,orr~„~:e n~ r,~. ro t~::~e nct~f~ mortgag_r m wrrt~ng of the a~nou~t d~~ and pa~rable hereundar and such su~~ shail ti~rrcupon be due and
~ r u~<~,.- c:~-= ~r !ha ~•z~xr ~»onrn:; p~yment and each successive Tornh thereafter urni! mcrtgagee sha!I not~fy mortgagor of a cFeange in such
~ t. 5.:~_n sr• s s• r;;4 d~;~, ;~.v by mortqag:e tov.ard the pay~nent of real prcperty taxes, insvrance prem;ums, and mortgage guara~ty insurance
• ~ ~urns.
I.'~t ':r;T~iE~S :.HE~~pF, ihe sa~d RAORTGAGOR has hereu~to ses IT,s har•d and scal the day and ear f~ t afwe . f
~~ed and d~ivered in the presence of:
~ ~ ~ r
- ($tel)
:Jo n r a o ~~s~~
i _i~l~ --_t"~~'
r~.e. `~7LL ~ ~ P~'
~~G~~ ~
(Seal)
• , _ _ _ _ _ Tonita Ortado ~~ai~
,i :'f OF fLORiDA ~
' St, Lucie
j !•dTY OF - - ~
~
Before me personaily appeared .JOtltl ~ZtaC10 and
~ Tonita Ortado
k ~ - his w~fe, to me well knowq.and known to me to be
~ ind!v~dua:s descr~oed in and who executed the foregoing instr~ment, and acknowledged before me that they executed'the samt fof the purposes
•.~n expressed. And the sa~d__~T~n_ita Ortado -
; of the :3.d _ John ~t8d0 _ ' ~ • yppp s~para~e and private
~~~.nat,cn by rr,e ta:~~n sepa•ate and apart from her sa~d husband, acknowtedged to and before me fhat she exetuted ~id irlstrum~a! •1?eeir and votum
i and .v ?t,cut any co~,;,ulsion, constraint, appre ens.on, or fear of or from her said husoand, ; :
WIT;~ESS my hand and offical seal this_ _~~-h. day of AUqUSt ' y ' ~ D. 19 72
3• '
~ ~ ,
hotary Fubtic in and ior the•Stdt ~ ef,~brid,a af~Urge
My Commission expires: ~ t , , .
Ret~; n io: r ' . , ~
F:~ sr Federa! Sav~n~s 6 loan Associatlon ~~~~~0 NOTARY pUBUC, STATE o! FtORlDA at LARGE
p' :•r p..c,. MY COMAIf$SION EXPIRES SEPT. 25. 1975
FILED ANC NECORDEO ~'~"erican Bankers Insu;ance .o.
f,:r,~~a ~
ST.lUC1E C3UNTlf FtA.
ROCE~ F~~TRAS
CIERK CI'CUIT COURT
RFCOPD rF?~ftE~..._._
This In;frun~ent Prepared $y Ronald L. Stutz -
First Federal Savings $ loan Association ~ 19 DH ~~Z
of Fort Pierce , Flor ida ~
i
Checked By f~ `X~ ~ ~ .
~ ~
B~~ ~Y~
, _ -
~~i:a 4.,..-u~a _s _ . _ _ _
~ a~.'
. . . ~~~"'~~"~a;?i~