HomeMy WebLinkAbout0310 3. To p:.~cr a:~d <ontinuovsly keep on the bui'din9s now o~ hereafre~ s~~~ate on sa~d ~and and on aR equipmenl and personally tovered by lhis mo+
a~e, w th alt pten,;u r,s th•.reon ~-~.d ~n lull, t~re inSurante in tt~e uwal S~orda~d po'~t/ form, in a sum aHp~uvad by Iha h10R~C..AGEt, and w~ndito
;nsu:en~r m th~• us~af s'a~~~ard pot.cy form, in a wrn appro.ed by ~hr MORTGAGEE, in such eanpany ot cempan~es as the 1SORIGAG:E m
da~u; and all Lre and w~ndstorm insuiance polrc~cs on any o( sa~d buitd~ngs, any interes~ the~ein or part thcreof, in the aggregate sum aforesaid
in eacess thr~eof, sf~.,ll corn.~~n the us~.:l sta~:dard ~norrgages ciause or wch other clause as Ihe Mortyagee may ~equ~re, making the ioss unJrr s.~~d po
c,es, rach and evcry, pay:~~'e to said AtORTGAGEE as its iroorest may dppear, and eath and every Svth po:~t/ shr{I be promptly assg~~td and de:~ve~ed ~
any hrld by sa~d ;:,O.L':GAG~E as {u~~her sacurit~• to said mo~tgage drbt, and, not less than ten (101 days in advonce of the expiret~o~~ of each poGcy, to d.
l:ver to s.s~d !.tOR1G~GEf a renrw~i thereof, ~oyc~har wi~h a rece~pt for thc premium of suth renewal; a:id there stwil be no f~re or winds~oim insurant
~.'aced on any of sa,d 'o~iid~~~gs, any interest there;n or pa~t thereof, un!ess in the form and wiih the Ioss payabl~ as aforesaid; and in the eveM any sun
of n.ancy beco~nrs payab~~ ~nde~ wch policy ar poGcias sa;d MORTGAGEE ahall have the opt~on to recaive a~:d apply t~~e same on accuunl of the indrb~~d
nrsi s~`cw~d hcr~~uy or to ptnnit sa~d MORiGAGORS to ret~ivc dnt~ u52 it Or dny palf th~~:cof fGr 0:~~•.~r ~.ur~~osri, ~•.~tt?~~,:t !~v~ru; .r~~~+~ ~7 ~'~~p~~r~
~n~ any equ!ty, I.~~n or r~ght under or by virtue of this mc:~gage; and in the event sa:d MORTGAGORS shall for any reason fail ro kcep the sa~d prem~sas so
I•~sur<d, o~ f..~l to dr'~ve~ pron~ptly any of said pol~eies ol insurante ro said MORTGAGEE, or f~i: pron~ptly to E~ay fully any premiom the~e~or or in a~y
esp~~ct fail to per'.o~m, d~s~i~arge, exzwte, effeci, completr, co:nply with and dbide by this covenar.t, Or any part hareof, Said RAGRTGAGEE may piace a~+o
F:~y for such insur.~nce or any part thc>reof ~v~thout waiving or aifec~iag any option, lien, equ~ty, or ri~ht und~r or by virtue o( this hto~tgage, and th¢
t~il a~no~nt of each and eyery wth payment shall be immediately d~e and payable ar.d shall bra~ interest from the date ~hercof until paid at the rate o1
•~.ne p~•r conr~•n per ac w:n .,~id to3~thcr with suth intcresl shaii be setured by the lien Of this mOrtgagc'.
.f. To permit, commit or suffer no waste, impeirment or deterioration of said property or any part thereof.
5. To f?ay all and s~ngular the costs, charges and expenses, induding a reasonable attorney's fee and costs of abstrac~s of t~tle, iocurred or paid a4
i~~• e by s.,~d MC~RiGAGEE, because or irt the event ot the fa~iure on the pan of fhe said MORIGAGOR to duly, p~o:npNy and fully perform, d~scharge.
•-:uR~, rffcct, co~~,plete, co~:~pty w:th and ab:de by each and every the stipula~~ons, agreemems, condinons, and covenants of sa~d promissory note and ihis
orrg,~ge any or enher, and sa.d costs, charges and expenses, each and every, shalt be immediatefy due and payab!e; whether or not there be norice dr
_~•~:i, atrr nr,t to co,iect cr suit pend~ng; and the full amouM of each and every S~ch paymeM shal{ bear interest irom the date thereof unti! paid at the
•.~....e c~~:v:-~~ ;_r .,o~,o:n; ~~~c oll sa~d costs, charges and cx~enses incurred or pa~d, togather w~rh such interest, shall be secured by the lien of thi~
mortgage.
6. Tfia~ ta1 in thc event of any breach of th~s hlortgage or cefault on th~ pa~t of the MORTGAGOR, or ;b) in the event any of sa:d sums of money
F.;~rein referr=d to b•. ~~o! pro~„pt:y and fully paid wiih~n th,~~y i30) days next a:ter the same severa'iy becon,e due and payable, withou~ demand or notice,
cr ic} in tha evem each and e.ery the stipu:ations, agreeme~ds, cond~tions and covenanls of sa•d promissory note and th~s mortgage any or e~iher are not
}~;y, pro~»p~ly ~nd fvlty perfor~ned, d scharged, eaecu~ed, effected, tomp~eted, compi~ed with and ab~ded 5y, then in e~ther or any such event the said ag
•_ga!z sum n:ent:c:~ed in se;d prorn~ssory notc then remaining unpa~d, with intere,t actrued, and a:f moneys secured hereby, shall betome due and pay-
lerih..irh. or ~F~e:_~aEicr, at the opnon of sa~d 5~10RiGAGEE, as fuily and comp!ereiy as if aIl oi thr said sums of money were originally stlpulated
`o i>r c;.~ J on S~ch d.:y, anythiri3 in sa.d prom;ssory note or in this Mortgage to Ihe contrary no~.virhsta~~d~ng; and the•eupon or 1M:reaiter at the opt~on of
:I :',ORTGAGEE, v.~rt:out ro~~ce or demand, suit at law or in equity, therefore or thereairer begun, may be prosecuted as if all moneys secured hereby
n,:~ n:oTV~ec~ pnOf t0 •tS ~Mb:utiOfl.
7. T!~3r ~n the evcnt ti,at at tF,e beginn~ng of or at any time pending any suit upon this Mortgage, or to fo~ectose it, or to reform it, or to enfo~ce
~;T.:nt oi any c~~~ns h~•re~r.der, said A10RTGAGEE shaU apply to the Court having ~urisd:ction ~he.eof ior the appo~ntmeM of a Receiver, such Court shall
ti:;.,+h a;,f:omt a rece~.er of said mortgagrd properry all and singular, includ•ng all and s~ngu~ar ~he ir.come, p~ofrts, iswes and revgnues from whatever
a_•e~ d~-~~.ed. c~ch and eve~y of „vh.ch, it be~ng eapress!y unde~s~ood, is hereby mor~gaged as if spec,fically set forth and destribed in ~the gcfntiwy.and
~ ~r.d.,m c a~~ses t,_~r~of, acd such Rece~~er shaU have all the b~oad and effeaive funu,ons and po.~-ers in anyw~se emrusted by a Court ro a Receiver, and
s ci, ~;~;,o:n!n ~~,t sF. be made by such Court as an ad•nitt~-d equi~y and a matter of absoi~te r;ght to said MORTGAGEE, and wiflwut reference to the
:,,~_..ci ~x i~:ad.~qvacy of the vaiue of the property mor~gaged or to the so.vancy or inzo~ve~cy o( said MORiGAGOR o~ the defendants, and that wch
rs: Hr;;~;rs. ~~~co,ne, ~ss~es and revenves shall be appi~ed by such Receiver accord~ng to the lien or equity o1 said MURTGAGEE and the practice of such
i_ourt.
8. To du'y, prempt!y and ful!y perform, d~scharge, execute, efiect, comptete, compl~ w~th and abide by each and every the stipulations, agreements,
::ti~t~o:~s ~nd co~c~~a~~rs m sa~d promissory note and this mortgage set forth.
9. Thaf ~r, the evenr ~he ov:r,ersh:p of the mortgaged prem~ses. or any part thereof, becomes vested in a person other than the MORTGAGOR, the
: ~RTGAG:~, irs s~cc~>sc.s a~:d ass~gns, may, wrthout no~fce to the 1'10R7GAOR, deal w~th such successor or successor in inrerest w~th reference to this
~'~y:~c a~ d che d_•ut h~rety sec~red in the same manner as w~th 1'Aortgagor w~ttw~~t in any way vit;ating o~ d~stharging the /dortgagors' ~iabilify here-
. ~~r cr u;on ehe d~r.r h_;ebr sec:,rrd. No sa!e of the prem~ses hereby mortgaged and no forbearance on the part of the /dORTGAGEE o+ its successors
,cs~g+~s a~~d •~c e.~ens~oo of the t:me (or the paymem of the debt hereby secured given by the fJ~ORTGAGEE or its successws or ass~gns, a~~all operate
ro re~ease, d.s:ha:ge. rnc.d~fy change or affect the eriginal liau,lity of the MORTGAGOR herein, either in whole or in part.
10. H is srcc.~~ca~;y agreed rhat time is of the esse~ce of this contract and that no waiver of any ob~:9at~on hereunder or of 16e obligation se-
;.:•ed hereby s~~a ~ aT an~ nr„e Thereafter be he~ld to be a waiver of the terms hereof or of the instr~ment secured hcrby.
1 I . c;,} ;•o {ore3:. .,g mor+th'y payn,_nts of ~;r~:u ~al and int~resr req~~red by the prom sscry nore secu.ed hereb~, mortga~or eovenants
~ d ag~~:s tu ~:a; ~o ~•.r~-cy,aee :•.ah rach n,e~ifh~y pay~..ent an add~'~Jn3I svm est ,~ared by mortgage? to be eq~al to 1, i2 of tne annua! cost of the follow-
s:
A:.!i r~a' F rop• •t; taa~z fev~~~ or asses:ed agai~:s' thc above desr.ibed real estate.
E Fr: :~s o~ f~re a~~d w~ndsto~m inwracce as nere~n req~:red to be carr~ed on the ~m;;roveme~ts s:t~ate on the above d:scribed premises.
C Pr,~~ ~~~-•.s o~ s~,n rr.orr,.,:.oe guaranty ir.wre~ ce as mo~tga^yee sha~f !rorr. t me to time deem fit to ca~ry on the loan secured hereby.
~ ~ t; to t;:nc not~f~ mcrtgag.;r in v+rit~ng of the amou^t d~e ar.d payable hereundrr and suth surn shall fherrupon be due and
,_...e o~~ _ ci~~ c:,•~~ ci ~h-~ n_xt :~~o^.th:y payn~ent and each wccessive month thereafter ~~:tif mcrtgagee sha!1 notlfy mortgagor of a thange in such
~,:~t. Such ,.s s` : i~e .~p~'•:ied by mortgag~.e to~n-a;d tiee payment of real prcperty taxes, insurance prem.ums, and mortgage guaranty ins~~ance
. _~*~~umS.
1'y ':lfTP;E~S .':NcR~Of, the sa~d MORTGAGOR has hereunto set his ha~~d and seal +he day and ye`~/fl~st aforesaid.~ -
~ S~gned, Sea!ed a-d da'iv4sea in the-presente of:
~ ;~an
j
j, ~ ~ 1.. D. A l len Jr . c~a;)
:
~ (Sea1)
_ ~
~ ~ - (Sesp
S'::~E O itORIDA ~ ,
St . Lucie '
~J~'dTY OF I
Before me perso~ally appeared L. a11Qn+ Jr. i a sinqle ad~lt ~pt~L
lotmif~ to me well known and known to me to be
, inci,•:~d~a. descr~6_d in and who executed the foregoing instrument, and acknowledged before me that he eaecuted the. ~me for the purposes
~
r~cre~n expressed. 8~~n~__- -
szfc~satd _ _ - ~ ~Qas~tats~stpite~ad~
sammessstscmete~ase~aae~~pat{~~~~~ss+~atromdRigs~n~ ~ae~~~ , etsaE~mc
3~f~t~tsaimmaa~cmma~a~a~~~~eha~at~ackacxiEact~~fsctsd~m~+~ - ~ -
~'ilT'JESS my hand and offitial seal this.___ day of~-; AUCJ?lSt- ~ .~:p! p_.~q- 72
~ ~ - ~ f ~ _
~ - : C'{ -t . . 1 C"': _
~ Notary Pubtic in and for the State of fbrids. d Large
~ My Commission expires: ' ' ) t
~ Rerurn To: ~
firs! Federa! S~v~ngs 3 loa~ Associatio~ 235200
n: =ort P.~c:•
F. F':-::'3 fIlEO At1L' RcCGRDEO
ST. ~UCI~ COUNTY F~A.
ROGi. : n.?~; RAS A
CIERK L;•.i;:ft* ~OURT /v
Th~s Instrument Prepared By Gary F. Ellwood RFC~R".'E ~ FI[~~~
First Federai Saving; & Loan Association ef' u ~'y
of Fort Pierce , ~lorida ^~G' ( ~ 06 ~n
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Ch~ck~;! 8~~;- -
~ BO~K~S PAGE ~~O
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