HomeMy WebLinkAbout0079 3. To p'.ua .~nd cont~nuousiy keep on the bu~'J:ngs no+v or her~~,fte~ situate on sa~d land and on alt equipnunt and petsonally cover,;d by this mor
a~e, wl+h all pr~•n;lu ~~s th~~reon ~,a.d in full, iuc +~~surancc in ~t~c usual s~~ndarJ po'~o/ form, in a sum aHproved by the AtiUk~G:.GLE, and ~ni~~dsto
~~~s~~ancr in th<• ~i~al s~;n;l,~~d poi,cy lo~m, in a sum appre.ed by thr MORTGAGff, in su<h co~npany o~ con,~:an+es as the 1'~`RiGAGEE m
d~r~=cr; and aN f~re ar,d w~n(~51G~m insurance poiic~es on any of ss~d bu~!d~ngs, any inte~est the~rin or pa~t ther~of, in the aggr~gore sum ato~esaid
extess ~h~~.eo(, sholl :o~~~ain th4 usu.:l stand~rd mor~g,~gee ci~use or such other ciause as Ihe Mo~~yagee may reyu.re, maki~ig ~ha ~css ~^Jr~ •a.d pu
c:<•s, each or.d every, p.~yc~be to sa~d ~StORiGAGEE as ~ts in~erast may appea~, and each and eve~y nuch pa~c/ shatl l~e pron~pUy assgn~d a~~d de:i~~~r.
an~ he~d by sa~d :.10~.IGAGEE a~ furthar s^curity to sa~d n.ortgage d<bt, and, not less ~han ten (10I days in ad:ance of ~he expirot~e~ of each po.~cy, !o c.
.ver to s.ud .•.10RiGAi,EE a renewal the~eof, together with a rute~pt (or Iha prem~um of such rerticwal; and the~e sh~ll be no i.re ur wkn~7stor~n insu:ant
F.~~,ced on any of sa~d 'o~i?d:ngs, any inseresl therem or part the~rof, ur.!rss in ihe form a<<d vri~h the ~oss payab!e as a4oresa~d; and in the e~ent any scn
of money becomes pa~ab;e vndrr s~ch policy or pol~cies s~id MOk7GAGEE shali have ~hr opnon ~o rec~~ve end a~H!y d~e same on accoun~ of the indrotrd
~~_~ss se...r,;d heraby or ro penn~r sa~d MORTGAGORS to reer;ve and use it or any part ~h.~:eof ~cr o:~~~ r pur; cs_•s, :.:ih;..t ~h,•...j .eu.,.,3 :.r ~n~p~~*
~ng any eq~:ty, I«n or right uodcr a by virtua of this mo~tgayr, aad in the event sa:d M0~2iGAGOR$ shall .`o~ any rcason iail lo kcep the sa~d premis~s so
nsu•cd. ~r f,+i! to d:;:wcr p~o~nptly any of said poi,ciee of insuran~e to sa+d MORTGAGEE, or ta~': pro~nFtl~ !o pay fu~ty any pre~~~icm Ihcrcfor or in a~y
~~~sF..u f~;t io perform, d~;ch,rye, execure, effeu, complrta, co~r~p~y wi~h and dbide by thii [ov~nant, Or any part h~reo(, Said ~AURT;a>GEE may p~ace a d
; for s~ch insur.~n.e or any pa~t tnareo( w~tho~t waiving or affecting any opt~on, lien, equ~ty, or r~~h~ unde; or b~ vi~tue oF rhis Mo+tgage, and ~ha
~n,o~nr of r~ch ar~d e~ery s~ch paymenf sha;1 be im~nediately duC and payable and shall bear inte~e:t from tho date thereof wuil p~id at ~he rate of
~ t• p~•r crnsum per an•~u:n a~id to~_th,:r v.i!h s~ch interi•st Shaii be srtured by the lien of this mortgage.
To permit, comm~~ or sufier no waste, impairment or deterioration of said property or any part thrrrof.
5. To pay a!I and singular the costs, charges and expenses, ~~dud~ng a reasonable atror~ey's fee and ccsts of absrracrs of title, incu~red o? paid at
; n~~:~• by s.,~d A".ORiGAG:E, because o~ in the event of the fa~:ure on ~he part of the said MORTGAGOR to duty, prompNy and fuily pe~form, d~schar9e.
cv!e, rffra, ce~i~p;~te, co~nply w~rh and ab:de by each and every the stipulai~ons, agreemems, condit~ons, and covenants of sa~d p~omissory note a~tid ~h~s
~'~g~~= 3~~y o~ r~~her, and sa:d costs, charges and expenses, each and every, shal! be immed~ately due and payable; wfiether or not rhere be notlce da
~,•~d, atte~r:pt ro ca:ec~ or s~it pend~ng; and th~ 4u11 amoum of each and every such pay~iem shall bea. interes~ irom the date thercot until paid at the
e• n~:;e ne• cr~~~v~.~ }.-r en~w n; ond aU said ccsts, chargas and ~x::enses irxurred or pa~d, toyether w~rh such interest, shall be secured by the Gen of th~~
~ o r rgage-
6. Thet (a) in the event of any breach of Ihis Mortgage or default o~ ths part of the 610kTGAGOR, or ;6) in the evgnt any of sa;d sums of money
!~•rr•~n rrferrad to b•~ ~~ot ~~ro~nptiy and fwly paed ~vithin th:rty 13J; days nexi aitcr ~he sa~~;e severa':y become due and payable, wit'~out demand or nonce, ~
.c? in rh~• erent each and evcry the stipu.ar;ons, agfeemems, cc~:ditions and covenants of sa.d promisw~y note and th.s mortgage any o~ either are not
±~'y, pro~npefy and fuliy ~erformed, d.scharqed, executed, elfected, tompteted, compl~ed with ar.d aoio~ 5y, then in e~ther or any such event t5e sa~d ag
~a!a sum ~r.enr;o~~~d in said prom~sso~y note then remaining unpa~d, wirh inrere;~ acuied, and moncys secured hereby,-shatl brcome due and pay
f~rth~v;th, w thereafter, at the cpnon of said MORTGAGEE, as fuity and compiete!y as if all of ~he s~id sums oF mo~ey we~e or~gina~ly st~pu~ated
i~ r F:~.d on such d.:y, anything in sa.d pro:n~sso~y note or in this Alortgage to the tonrrary not,n~thsrand~ng; and thereupon or thereaite~ a/ the op~.on of
._i t.".ORIGAGiE, w~:~out nor;ce or demand, suit at law or in eqwty, tharefore or therea!rer begvn, may be proset~ted as if all moneys secured hereby
rldiuf~(j ~r.Jr t0 ~t5 inStitutiJ~1. ~
7. ihar ~n the ever.t rhat at rhe begEnning of or at any time pending any su~t upon this Mortgage, or to fweclose it, or fo reform it, or ro enforce
.:ment of any c'r,:ims he~eunclcr, sai8 AtORIGAGEE shall app:y to the Cour~ having ~unsd!cfion ihe:eof for the appo~ntmen~ oi a Reteiver, wch Court shaH
~%n~:nh opF:clnt a rece~%er of s.~id mortgz3ed property a!1 and s~ngu,ar, indud~ng alI and s~ng~tar tt:e ~n~ome, prolus, issues and revenues from whatever
~ce derived. e~c1~ and every of wt„ch, it be~ng express!y undersrood. is hereby morrga~ed as it spec~f;cal;y sef forth and described in the gran~fng and
_ndur*~ c'avses hc•reuf, and such Receiver shail have all the broad and effecnve funcs.ons and powers in anyw~e emrusted by a Covrt to a Receiv¢r, and
a,,;:c~nrrn,,~r shaii 6e n,rde by svch Court as an admined equity and a matter of aLsoiute rSght to sa~d MORiGAGEE, and vvithout referer~ce to the
_~..cy or inadequ-?cy oi tF.~~ va!ue oi the property mortgageci Or to the So~vcncy or imotvency o1 said A10RiGAGOR or the defendants, and that wch
- s Nroi:rs, ~~xo:ne, lasues and re~er.ues shaJ be app:~ed by wch Recriver accorduig to the iien w equity ot said MORTGAGEE and the preUice of such
. ~ „rt.
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8. To d~!y, prompt!y and F~:!y perform, dlscharqe, execufe, effect, comptete, comply with and abide by each and every the sf~putations, agreemeNS,
ci;tions and wvenann ,n sa~d promissory note and this mortgage set forth.
9. Th~t ~n ~he ev~~,t ~he owrtersh~p of the mcrtgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
.`.~G~GEE, ~~s s~~ccesscrs ar:d ass~gns, may, w~rhout nonce to rhe AtORTGAOR, deal w~th such successor or succeisw in interes~ w~th relerence to this
"'3~Je 3- J the ~~~f hereby secured in the same manner as w~ih tlortga9or without in any way vit:ating or d~xharging the Moztgagora' liability here-
.-r or uF on the d_~tf herrb~ secured. No saie of tfie premises hereby mortgaged acd no farbearance on the part of the /AOR7GAGEE or its successo~s
~s~:3~~s a~~d • o exte~~s;o•~ of the t~mc for the payment ot the debt h~reby secured given by the htORTGAGEf or its suctessors ot assigns, a~iall Operate
re~;,,se, d.5cnarge, c:od~fy change or affect the orig;nal liab!IEty of the A',ORTGAGOR herein, either in whole or in part. + t'
t
10. It is soec fi_=i,~ ;greed that time is of the essence of th~s contract and that no waiver o( any. ob~~gat~on hereunder or oi the obligation se- ti~
:.:-ed f~er»~y shaL ar ary tin~z th~•:eafter be held fo be a wa~ver of the terms hereoi or of the instrumem secured herby. ~
! t. t i J~_, cu ~i:_ fo'e.^,C rnonth!y paym ~ms of p-i~,c pa; and ~nr~~rasf requ~red by tfie urom'sscry nc~~ s~cured h~reby, mortga~or eovenants
es ^_-~y •o ~~.c-fg.agee r.ah each mcnth'y Ha~~,,ent an add.r~onal sum est::~ a~ed b~ mortg~gee to be equal to 1; 12 of the ann~al cosf of the fo~iow-
~,'i r_at ;,rop•,r;y raxas tef~ed or assess<•d ag3; .st the ab~.•e described «~a! esrate.
6 F~,~ •u-~; cn f~r~• anci ?yir.dsto.'m ~nsuracce as ne~e~n ~equ:red to be ca~ned en the :mproveme~ts s;tuate on the above d_scribed premises.
C P-a s c, ~;:ch ~e-o~r~::oe gua~~nty ~r.sura~.ce az morrgagee sha'I fro~n Y:,~e to t~~nc~ deem f~t to carry on the loan secur~ hereby.
.~~•g~a_~~~ s:! frc-: r~~.,e to t~ ~ie r.ot;fy mcrtgagcr in writ~ng of the a•T,ou~t d~c and payable hereundrr artd such su~n shaL' thereupon be due and
r~ o~ rt~_ :i~• d,~, oi ~he ~~._xt n:ooth!y payme~~t and each svccessive month ti-~ereafter ur.ti~ mertgagee shall notify mortgagor of a change in wch
~,nr. S::_h s.: • s sk e.~ ?;e ap;~.'~~~d Uy mortgag~:e to+~..~rd the payment of ~eat property taxes, insurante prem:vms, and morlgage guaranty inwrance
- ~.J.~.S .
IN Wi?PJESS :.H[REO~. ihe sa~d MORTGAGOR has hereurno set his har,d and seai ~he d an st eresaid.
~ S„gn d, Sea'ed and dey`vered in the presence of:
`a l
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_ h ~!a notti s~
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_ - - - - . - She i a M . Ma t t i ~~ai~
- . E Cf FLORIDA ~
~:'JTY OF St . Lucie ~
~
Before me personally appeared Phlllp INaqTlOttl and
i She l~a M•_~qAOt L 1 his wife, to me well known and known to me to be
i;,d~v~duais d~scr~~cd in and who executed the foregoing instrument, and acknowiedged before me Ihat they executed the same for !he purposes
i
'i -e~n expressed. And the said__ SIIC lla ~1, Magnot ti
: of the s3d ----Pl~lllp_~'lagnottl _ vpon a\sepsyte ~r?d pr~vate
,•n~na!:cn by me taken scparate and apart from her said husband, acknowledged to and before me that she exacuted said ininurr~ewt•ke~l~rand vo:uo-
a~:d w,cho:;t any cornpu:sion, ccnstrair.t, apFrehens:on, or fear of or irom her said hus6and.
W(Tti~SS my hand and o1F;dat seat this_ 7th day of~ AU(~l1St " y. ~~~~~ty '72
i~ ~ ~1 ' l l ~'.C L~„i - „ ~ . • ,n . t • -
Notary Publit in and for the Sia 6f Fbrida at lar~e :
My Commission expites:
Return To: . ' - ~ .'.1<~'
first federal Savings d loan Assot~at:on
~ ~~~23 IjOTARY"PUA~: STATE pf•FtUl~IORat lAR6E
O• ~ ~•r 111f COMNIiSSIfTN ExPIR~9 S£P1: 25. 1975
9er?ded BY Art~erican Bankers Insurance l:o.
F FILED AKD ~ECOROEG
ST- LUCi~ COIiNTY fLA-
ROC F~~TRAS
CLERK zCUtT COURT
Th~; Instrument Prenared By RiChard K. KayesECOR~ +fF ":EO
; First Federa! Savings & loan Association ~ i~ 4 ZQ eN ~'Z
; of Fort Pierce ~ Flor i da
~ ~ " C`~
Ch;cked By
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