HomeMy WebLinkAbout0318 3. To ~>'acr a^d conrinuousty keep on the bui'dings now or herealter s~~uate on sa~d '•and and on aC .quip~rent and personally covered by this ma
r~a, w.th all prcn~:,,^~s lh~rCOD (~d d in (~fl, }~re i~~surance ~n tne uwal stond~rd po~~Cy io~m, in a s~m aHpro+ed by ~he h10Ri"vAGEE, and w~nds~o
;~~wrancr in the usual a!anda~d po!•cy foi~n, ~n a su~n ap{~roved by ~he MU~TGAGEf, in such to-npany or co~npan~es as the AtORiGAGEE m
d r~~cr; a~d all iue and v.~ndsrorm inswance po6c~es o~ any of sa~d bur'd.ngs, any i~trrest therein ur part therea(, in the a99reya~r s~~T aforesald
In excess tha.eof, shall cont~in the usual sra~~dard mortg.igee uavse or such other c~ause as the hlortgagee may requ,re, making the ioss undrr s.~~d po
c'.es, each and every, payab!e to sald hlORTGAGEE as its inlar~'st may appear, and eath ar.d e~ery suth po'~cy slaal~ be prooip~~y assgned a~~d det~v~rrd :
any h~•Id by s~~d 7dORlGAG~E as tunher sec~nty to sa~d n:ortg,~ge deot, r~~d, no? less ~han trn (10) days in ad+~nce o1 the expirot~on of each pol~cy, to d.
~ ver to ss~d '.IORiG~GEE a ~e~irv:~l ther.;o(. toge~hrr with a reteipt for thz premwm of such re~~ewa~; and thzre shall be no f~re oi windstonn insurant
~'.+ced on any of sa~d 'oui:d~ngs, any interesl there~r or part thereof, unless i~ the form and wrth the Ioss pay~bte as aforesa~d; and ~n ~he eveM any sun
ot money b• con+rs payab!e under such policy or poLcies said h10RTGAGEE sh..ll have the opr~on to rece~~e and app:y r~e sa~i~e on account oi ~he ind~bt~•d
:~~ss secwed hrreny or ro Permit sa~d MORTGAGO~tS to recrive and use i~ or any part the:~-ot ior e:~~~•~ ~:urp•~srs. ,•:ni~oct ih~~u, w.~•~~3 ~"'P~"
in~ any ~~urty, fen or right undrr or by vi:tue of this n,cr:gage; and in the event sad h10RTGAGORS shaH `or any reaso~ (ail to kcep the said premises so
~r~s ~~~~d, or 4ai1 to d:liver promNtly any of said po~~cies oi insurance to sa d MORTGAGEE, or fai: p:omptly to pay fu~ly any pre~nium therefor o~ ~n a~y
~espcct iail to perfo~n,, d;sct~arge. executr, efFect, complrte, comply with and ab~de by this covena:it, or any parr hareo(, s~~d MGRi;,A.GEE mry p~ace ano
F>~~ for such inwr.~nce or any part thereof without waiving or afiecting any option, lien, equity, or ri~ht under o~ b~ virtue oF this Morigage, and thc
i,:~i a~novnt oi each and e.ery s~ch paymrnt sha:l be immediately d~e and payable and shal! brar i~~tcrest from tha date thereof un~il paid at the rate of
,•~e per c_nr~•n per aniw n and to7eih; r wi:h suth inte~rst shaii be sacurad by the Gen of th~s mOrtgag2.
d. To permi~, commit or su{fer no waste, iinpairment or deteriorotion of said property o~ any part thereof.
5. To pay atl and singular the costs, charges and eapenses, ~nc{uding a reasonab!e attorney's fee and costs of abstracts of t~tle, incurred or paid at
t~:r:e by sa:d MORTGAGEE, because or in the event of the fa~lure an the part of the said MORiGAGOR to d~ly, p~omptly and futly perform, d~scharge.
;ur~-, Effeu, cempkte, compty w~th and ab:de by each and every the st:pu!at~ons, agrea~nents, cond~tions, and covenanrs of sa~d promisso~y nete ard ih~s
, ortga~e any or enher, and sa d costs, charges and expenses, each and every, shall be immediately due and payab!e; whether or not there be nonce da
,,nd, atr~•,ept to toliett or suit pend~ng; and tF.s fuil amoum of each and every such payment shall 5ear interes~ from the date the~eof until paid at the
~ r• o~ n:ne :x~ c..~nr~„~ F,~~r a~~„~ n; and ail said casts, charges and eaper•ses incurred a paid, together w~th such inrereat, shall be secured by the lien of ths
~nortgage.
b_ ihat (a) in ~he evem of any breach of this Alortgzge or defautt on t{w Fa~t of the MORSGAGOR, or ~b) in the event any of sa:d sums of money
t.~.~in ref~rred fo be nOt prGmptly and f~lly paid wi~hin thuty t301 days nex~ aiter the same serera':y become d~e and payable, witFwW demand or no~~ce,
=r tc) in thr evem each and every Ihe stipuiatio~s, aorcemrnts, co~:d~tions and covenants o1 sa.d prom:ssory ~ote a~~d th~s mortgage any or either a~e nol
i~~!y, pro~nutiy an;! ful~y perfonned, d schaiged. eze:vted, eifected, tompteted, complied w~rh and ab~ded Sy, ~hen in enher q any wch event the said ag
ga!a wm menr,o„ed ~n sa~d prom~ssory note then remaining unpa~d, with imere,t a.crued, and a~1 moners securtd hereby, shall become due and pay
+c ~ icrrh.v~th, or rhereafre~, at the op~ion of seid MORiGAGEE, as tully a~x! comple~e~y as if aii of the sa~d sums of money were or~gina~ly snputated
:!,e pa d on wch dcy, anythir.g in sa.d pro~n~ssory note or in this I'Jlortgagr to the conrrary not~vithst3~:di~~g; and thereupa~ or thereafter at the opt~on of
MORIGAGEE, vc~thcut no~~ce or demand, suit at law or in equity, therefwe or thereatter begun, may be prosecuted as if all moneys secured hereby
c: d mai~re~ pror to ~t5 instilvtiOn.
7. That ~n the evrnt that at the beginn~ng of or at any time pendi~,g any su~t upon this Mortgage, w to forectose it, or to retorm it, or to enforce
.~.ment o1 any d,~~.is he~eunder, sa~d MORTGAGEE sha;l apply to the Cowr having ~urnd!ction thereof for ehe appomtment of a Receiver, such Cou~t shall
•F,L~,th a~;f o~nt a receiver of sa~d inortgaged property all and singular, includ:ng a:l and. sing~~ar the ir.cenie, prohts, issues and revenues from whatever
;_•ce d~•n.~~d, each and every of wh:ch, it be~ng expressty undersTOOd, is Fereby rr.ortgaged as ~f spec~i~cally set forth and deunbed in the granhng a~d
• _r:dum c:avsrs h?reof, and such Receiver she!i havr aIl the broad and effective fun:e.ons and powe~s in anywne entrustctl by a CourLTO a Receiver, and
. ~;:po;~,:r.~_~.~ shail be made by s~ch Court as an ad~nined equ~ty and a matter of a5soeute nght to said MORiGAGEE, and w~thout relerence to the
a.,:cr o~ ~nadaquacy of the vatue of the property mortgaged or to the so.ve~cy er ~nsoi.ency of sa~d MORfGAGGR or the defendants, and that such
- ~s, profrs, incane, issues and revenues shaL' be app~ied ay such Recerver accord.ng to the lien or equ~ty ot sa~d h10RTGAGEE and the practice of wch
~.;~rt.
8. To dv'y, pro+npt;y and fully perform, d~scharge, exec~te, effect, complete, con,pty with and abide by each and every ihe stipulations, agreernents,
•d:r;cns and covenants m sa~d promissory note ar.d th.s mortgage snt forth.
9. That in the event the owr.er.h~p of the morlgaged prem~ses, o~ any part thereof, becomes vested i~ a pe~son other than the MORTGAGOR, th=
~RiGAGEE. its suca:ssors ar.d as~~gns, may, withovt notrce ro the A10RTGAOR, deal wrth wch s~ccessoe or wcceszor in interest wirh re(erence to this
_•~gage a d chc d.ut he{eby secured in the same manner as w+th 4\ortgagor w~thout in any way viY:ating w d~xha~g~ng the Mortgagori BaSilify here-
;i~r o~ vFOn the d~tt h~reer secured. No sa!e of the premises h~~reby moitgaged ard no forbeara~ce o~ the part of the /~IORTGAGEE or its sutcessors
~ss•~us ar.d ^o exte• s:on ot the L~nc for the payment of the deb~ he~eby secured given by the AM1ORTGAGEE or its successors ot a:s~gns, al~all operate
•o re edse, d:scharge, r•,od~fy change or atfec* the orig~nal I~au~:~ty of the M,ORTGAGOR herein, eithet in whofe or in part.
10. It is S~.EC t~:d~~}/ agreed ~hat time is o( the essence ~f thls contrac~ and that no waiver of any obGgat~on hereunder or of the obligation se-
..,~_d hertby shal: ai a~,y nme ~hereaf~er be he!d ta be a ws~ver of ~he terms hereof or of the insrrument secured herby.
l l. In ;:u_I t.. : fo ri,e ioregc nq rr:ontl~!Y payments of pri::c pal and interes! required by the prom sicry no'e secured hrrebr, mo;~gag~r eovenanis
a~recs fu ro :~~e-ry,g~e ~~~h ea=h monrh~y paf~,,em an add~~~onal sum rst!:r.ated by mort~agee to 6e eq~af to 1, 12 oi thr annual cost of the foliow-
A-A'i rcai F:rop: •'J t3%35 Ie~n~C or assess_ti agal•,st the above descri~ed rral estate.
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E Fr .~,s e~ fve and ..~r.dsronn insu~arce as here~n requ.red to be ca-r~ed en the ~m;:rovements s.tvate on the above d_sc~~bed prem~ses.
C P:~ • s o: >~ch nmo~t~ ,ge gvaranty iesvra~.ce as mo~tgagee shall Sre•n T me to t;mc deem fit to carry on the toan secured hereby.
I'~ ,',lortg;;~ec s•~. ! j~cm r1.ne to t~Te ncs~f~ mortgagor m urit~ng of the a~ro~~t dve and payable hereunorr and such su~i shail thereupon be due and
~ ,!,'r o•~ +h_ :l,c c.;••~ oi ihe neat ~nonth'.y payrne~~t and each successive month thereaft;r ur.ti' mortaagee sha11 notify mortgagor of a change in such
~ ~r.t. Su_h s„ • s sha : be a,~pJed by morrgag~:e toward the payment of reat property taxes, insurance prem,vms, and mortgage guaranty insurance
•~wms.
1'v ':11FiJE;,S ::HEREOF, the sa~d hiORTGAGOR has hereunto set his hard and scal the day and year ~rst afwe aid.
S;gned, Sea'ed a:d de''vered in he presence of: ~
?,L G ~ «a,,
Hezbert A. Martin ~~aq
" . ~ cs~an
Ollie M. Martin ~seaq
-.'::iE OF FLORIDA
S5.
: ~U'JTY OF St. Luc~e 1
Before me pe~sona:ly appeared Herbert A Martin _ a~d
0111@_ M. Martin his wi(e, to me well known and known to me to be
; ind~v~dva;s uescribed in and who ezetuted the foregoing instrument, and acknowiedged before me that they executed the sama {or tfie purposes
_ ein expressed. And the said__ ~llle M. ~8,It111 ,
Herbert A. Martin
: of +h? sa~d _ , uport.a_neparate and'private
~•~.+~~~nat;on by :*;e taicn separate and apart from her said husband, atknowledged to and before me that she executed~said.wahvw~nt;fteefy artd volum
y a~:d w ~hout ar.y compulsion, constraint, apprehens:on, or fear of or from her uid husband. : r•__
~ 72
~ YlISNESS my hand and official seal this._ 8th day of- Au u5t A.~D.-79
~ Notar Pub~ic in and f r f' State of F~ida at large -
~ My Co mas:on expires: . , '
R2turn TO:
~ F;rst ~~d~ral Sa+~ngs a loan Associat~on ~j~~
~ O~ ..:•t P ~:c•~ 20~
~ F~,~ -<<~ F,~~:~, F~~EO ~yr ktcoaoED
ST. IUCIE COUNtI? FtA.
ROC~ F~ ~':TRAS
CLfRK C; ,;~IT COURT ~
This Instrument Prepared By: J. H. Roberts, Jr. R-`~~`~ "Ei.~~.~.~
~ first Fe~era{ Savings & Loan Association ~
~ of~ort Pierce ~ Florida 33450 ~ ~ ~ 2 0~ PM'1Z r.~'~
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Chack~d BY - -
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~ _ BoJK205 PA~ 318
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