HomeMy WebLinkAbout0308 To p'acr :~~:d contirwo~siy ?eep on the 6u~'d~ngs now or hereafrer ~~tuate o~ sald land and on al~ ~•q.,l~•nem and pe~sonally cove~ed by this mo~
age, w:th aft ~:ren.:,:-~:s th•_r~~on ~~a d~n fult, t~~e ir.sura~ice in ti~c usual standj~d po,~t~ 1orm, in a su.n a~.provrd by tha h10RiG%aGEE, and wi~~dsto
~nswance the u:•.at s~a~:da.d F•o:.cy form, in a sum aFproved by thr MORTGAGEE, in such ccmpanv e~ co~npan~es as the 1.10RfGAGEE m
dlrcit; and all f~rr a~,d w~nJsrorm insurance poGc~rs ~n any of sa~d build~ngs, any intz~es~ thcrcin or part th~~rrof, in the ayqr<gare wm ato~esaid
in excess Ih_~+c•of, sFwl{ :om..in ~he uw~l s~~ndard mor~9agee c~ause or such ofhe~ cla~se as Ihe Mortg~gee may ~eq~~re, maM~ng ttie Ioss undr~ ss~d po
c~es, e~ch and ..•ve~y, pay.:b'e ~o said A~ORIGAGEE as ~ts ~nterast may appear, and each and every s~ch ponc~ i6a11 be promptly assgned and de,~.errd
any hrlJ 6y so~d ;AORIGAG~E as furth_: a_curity to ea~d mortgage debt, and, not less than trn (10) days in ad+ance of ~he ezpuat~on of each poLty, to d.
I~ver to sa~d t.10RiGAGEE a rrnev:al ?i~ereof, toge~her with a rete~p? for ihe prnnuum oi such rene~al; ar.d there sha:l oe no i~re or winditc~~n inwrant
placed o~ any ol sa d'ovi'd~ngs, any interesl thr~e~n or part therrof, unitss in ihe form and wi+h the ~oss pay~ble as aforesaid; and in the e+~•ent any sun
of money becornes pay~ble ~nder wch poticy o~ poGc~as sa~d MORiGAGEE shall have ~he op~~on ~o rec_~ve ~nd apNiy tiu same on account oi the indrLt~d
n_•ss s~c~,reJ he:~~by or to permit s3ld ~AORTGAGORS to reerive and use it or any part tl~_~:eot for u;n, r pur: ~ses. ,~~+~+c.~t ih •n .v.~•~'J
~ng any eqwty, I en or r~qhi ~Tdar or by vinue of this mc:'~age; and in the event sa:d MORTGAGORS sh~!I :or any ~caso~ fa~l to keep thc sa~d premises so
;ns~~~d, or f,il to d<:~ver pranptly any oi sa~d ~,ol~eies of ~nsu+ance to sa~d MORTGAGEE, or t~~l pccmpsly to pay ful:y any p:e~>>~~m therefor or in a~y
resNrct faii to perform, d~i~h~rye, execute, e1feU, canpletr, co:nply wi~h and a5ide by th~s eovenjnt, m any p~~t hareof, sa~d MuR7GRGEE may p~ace a~o
~ay io~ such inwr~nce or any part tha~eof w~~hout waiv~ng or afFecting any oplion, lien, equ.ty, o~ r~ght und~_r o~ by viitue of th~s hto~tgage. and the
f, il amount of each and eve~y such payment shatl be ~nunroiately due and payabte and shall brar interi•st from tha date thereof until paid a1 t:~e rate o1
~~~e p~~r cenr~:~n per annu n„•~d to~_th~•+ vci!h such interest eh~i~ be s~~wred by the lien Ot 1hi3 mortgage.
4. To permit, commit or suffe~ no waste, impairmcnt w deteriorat~on of said property w any part :herrof.
5. To pay all and sing~iar the costs, charges and expenses, including a reaso~abte attorn:y's fee and costs of abstracts of title, incunr-_' ~r paid at
t6„c by s~~d h10RIGAG`_E, beca~se or in the eveni ot the fa~iure on the oart of Me said MORTGAGOR io duly, piomptly a~d fu;ly pe form d~scharga.
. c~t.~, rtfeu, c~~,~p:ete, co~np5y w~th and ab.de by each and every the stfpu,at~ons, aoreaments, cond~t~o~s, and covereants of satd pto:ni>.o~y iote aRd ~h~s
, ~rtyage any or e~ther, a~~d sa:d costs, charges and expenses, each and eve~y, shatt be immrdiately due and payable; whr~her or not •here be no+~ce da
~,,"d, atre;, pt to co::ect or wit pend!ng; and the futl amount of each and every s~ch payment shall bea~ interesr from the date thenof ~.ntil paid at the
~„~~~ne pcr c~•n;.,•~+ ~.er an~~;,:,r all sa~d costs, charges and ~xv~~nses inc~rred or paid, together w~th such interest, shall be secured '~y the lien of th~s
:nertgag~.
6. That (a1 in ~he event of any breach of this Mortgage or defau:t on th> part of the MORTGAGOR, w(b) in the event any o~ sa:d sums of money
t•.•~cin ref_~rr~-d to b~~ :~ot prc~nF~tly and fulty paid witF~in th~rty ~3J1 days nent aft_•r the sam.e seaera'ty beco+ne due and payab!e, with~ut demand or ootlt2.
..r ,Q in thr evenr each and every the stipulations, ag~eements, cond~:~o~~s and covenants of sad prom~ssory nota and th~s mortgage vny or either are nm
j,::y, pro~~~ptly anci f~lly pertorn,ed, d~scharged, execute~, eifected, completed, compt~ed w~tn and a6~ded Sy, then in e:ther w any rxh evem the sa~d ag
,~•__oate wm n:e~e~o~,ed in sa~d promissory note then rema~ning unpaid, with in:erev ac:wed, and a~t moncys setured hereby, shall become due and pay-
,c ferthwrth, er ihc•rea(ter, at ~he op!~on of se~d MORTGAGEE, as fufiy and comple~ely as ii all of ~he sa~d sums of money wfre originatly st~pu;ated
~e p.~ d on svch d:.y, any!hing in sa.d proin~ssory note ot in this Mortgagr to the tonr~ary not~v~thstanduig; and there~pon w the-~alter at the Op~~on o1
,i h'~ORTGAGEE, v.~~F;o~~t nonca or demand, suit at law or in equity, the~efore o~ lhereafter begun, may be prosecuted as if all R.oneys secured hereby
rialvred pr•or to As inst~t~t~on.
7. St„t in the event ihat at the beg~nn;ng of or.at any time pend~~~g any su~t upon this Mortgage, a to forectose it, or to rifo•m it, or to eniorce
;„menr of any c';~~~~s hereu«d~r, sa~d htORTGAGEE shall ap~ty to the Cov.t having ~unsd,ct~on thc,eof for the appe~ntmen? of a Rece'v,•r, such Court shall
~~hwith appoint a rc-cei•rer of ss~d rnortgaged property all and zingutar, indud.ng a~l and singu~ar tl~e ir.come, prof~ts, iss~es and reve~:°S Irom whatever
- rce de~~ve~d. each and e+ery of wh ch, it be~ng expressly understood, is hereby mon9aged as ~f spec:f~ca~ly set forth and destribed in the y~anting and
r,..~~nd.,m c y~~ses her.of, and such Receiver sha~i have all the txoad and effeaive funa ens and powers in anywise entrusred by a Court ro a Recei~:•. a~:d
s ch a,r,~.o:nnrc.n sh~:t trc n;ade by iuch Court as an adm,~tted equ~sy a~~d a rratter of absolute rghi to sa~d htORTGAGEE, and w~~hout reference to ~~e
~;,a~~cy or ir,adrq~acf of t'e valve of the properry mortgzged or to the so,vency or in;oh~ency of said h10RiGAGOR o~ the defendants, and shat such
rs p:oir.s, ~nco~ne: issu_•s and re~enues shall be applied by sw_h Recerver accordwg to the lien w equity of said MORTGAGEE and the prattice of such
C:;urt.
9. To du:y, rrompr'y and fut~y pe.form, discharge, execute, effect, complete, co+nply w'rth and abide by each and every the atipuSalions, agreements,
:d~~~o:u and ccvrnan~s ~n sa~c! promissory note and th~s mor~gage set forth.
9. That in the e.~c~t the ov.ne.shla of the morlgaged prem~ses, or any part thereof, becomes vested in a person other than the rhORTGAGOR, the
:;`RTGAGEE. ~~s s~~cc~ sso~s ar,d ass~gns, may, witho~t no~ice to the ti10RTGAOR, deal with such svccessor o~ svccessor in ~nterest w~~h reference to this '
, ~g~ge a, d sF.e d•_[~! he-eby secured in the same manr.er as wnh 5~lortgagor wnhout in any way vit:ating a dacha~ging the Mortqagors' Iiao~Gty here- ?
,_~r cr up on tn~ ~_vt hcrruy se.~red. No sa'e of the Fremises hereby mortgaged and no fo:bearance on the part of the IAORiGAGEE or its successors
dSSJ~~S a::d ~o exc~~~s~on of the f,me 40~ ~he payment of the debi he.eby secured given by the ~AORTGAGEE or its successors or ass~gns, ahall operate
re e~se, d,schar~r, mud~fy change or affect the orig~nal liao,l~ty of the M.ORTGAGOR he~ei~, either in whole o~ in part.
T0. N Is sp:c f[c3i~y agreed thar t~~~e is of the essence of th~s co,~tract and that no waiver of any obl:gat~on hereunder or of the obligation sr
c~r._d hereby shal. at an~ tf:-~e ~hereafter be held to be a waiver of the terms hereof or of the instr~meM secwed herby. •
11. 1~~ ~ i r:c-. ro r~~c~ '.er~;~c ~~g ~^onrh'y F;aym_nts of p:inc pal and interest requ~rcd by the prom ;;cry ~a~e secvred hereb~, mortga^yor eovenanis -
~.d a_y~^~s t:, p~~ ro ~~~g:~yee r..th each ~i,onth!y paprnent an ado,nonal sum est:mared by mortgagee to be equal *0 1, 12 of the an:~ual cost of the fo~iow-
A--:,'~ .,a• ::cp•~rty u¦:s lev~_~ o~ d5i-~Sti:~ ag~i•~st the ab~ve describ_d rrat estate.
~ P• •_•s h.e d.~:~ dsso~~n inw~a~ ce as i~ere:n requ.red to be carr~~-d en the :mrrovemeots s:tuate on tha above d_scrlbed premises.
f p._ s o:~ =vcfi ~r.•~rtg..ce g~a*~nty ~r.sura~,ce as mo~tgacee shail fro~r. t~r.e to ti•ne deem iit to carry on the loan secured he:eby_
L'.ortq:;z~-., s~ t~ -~a to t:.~;e not~fr mcrtyager ~n writ~ng of the aeou~t du~: and payable hereund~~ and suth surn shall lhereupon be due and
~ .:t,:~• on r. . ci,.: cs ~h- :~~•tt n:o~:th.~ payment and each wccessive :ronth thCrBdll~r ~cti~ mortgagee shal; notify mortyagor of a change in su:h
; ,,,nt. Su_h s~~• s<~ =.i b~ a, p;a;! by mortgag~.e toward the payment of real prope~ty taxes, insura~xe prem.ums, and mortgage gua~anty insurance
! ; .e.n•um5.
k !V :.t?P;~~S :•.HtRtOf, tne said MORTGRGOR has herevnto set his hand and seal the day and year first aforesaid.
, S;gned. Seated a-:d deliv~er~ in thi~ presence of:
. / 1 ,1 ~ ~2~._ ($!a() -
~ _ - - - ~-,~i ~-~-r~ Tr32' ~ (Seal)
~ tl ~ t'~ (Seal)
~ - - ~ ' Mc12'Y LO ~6 (Seaq
S'A7E OF~tE~IDA 1
St. IuCie ~ ss. -
~ iU.'JTY OF ~
Befcre me perso~a(iy ap ared - ~r~ ~e and
~~e his wife, to me well known and known to me to be
• i~:~.v~dua(s descricrd in and who executed the foregoing instrument, and acknowledged before me that they eaecuted tF.e same for the purposes
t+-,•e+n expressed. And the sa~d_-_.__--~~ ~1 ~6
:.;`e of iF~e sa:d _ - ~r~ ~6 upon a separate and private
r,ae:on by a e raian separate and apart fiom her sa~d husband, acknowledged to and before me that she exec~ted sa~d instrumen~ freely and votun-
~ and v.:rhovt any co~n;;u`sion, constraint, aFpre e on, or fear of w irom her said h~sband. ~
:4fTVESS rry hand and offic;al seal th~s_. ~~±A . _ day of ~ u j~ ~ D_ 19~_
' ~ \ ;
,~a~ 1 _ _ •
otary Pubtic in an for,~he State of fbrida at large
~ ~qjp ission expires~ ~ ~ .
Re'urn To: ~J~19~ ~ ~ ~
ilrs! Fed~rai S~vi~gs b toan Associ~t~on . -
,~c •r t> . • . ti s~
~~,~t F;_.~ F FILED AND RfCORDED
ST.IUCIE COUNTY f~A.
~ ROCER POITRAS ~
CIERK Ct~sCU~t COUR1
REC'1RD':~k'%ss~~~
Th~; Instrument Prepared By Gary F. E11wGOd A,.,~ nl`~
~ First FederaE Savings & Loan Association NU(i ~ I 2 06 PH
of Fort Fierce ~ Florida f
~
~hecke:i BY~ -
~f 800K ~~5 PACE 3~0
~ 1_s
~ ~ - - - ~ ~
_