HomeMy WebLinkAbout0728 3. To p!ace and continuously keep on the bu~'dlr.gs now or hereahc~ fituate on said land and o~ aH eq~ripment and penonally covered by this mo?
ege, wlth al) prem~ums theicon pa.d in fu~~, f~re i~surante in Ihe ~sual standard policy form, in a wm approved by Ihe MOR~ia.>GEE, and w~~~dsto
~~~s~rance in ~he us~al s»nda~d pot;cy fam, in a sum approved by ~he MORTGAGEE, in such company or co~npanfes oa the htORTGAGEE, m
d~recr, and all fire and wioJstorm insvrance policies on any of sa~d build,ngs, any inte:es~ therein or part ~hereol, in the aggregate sum aforesaid
ir. extess ~hereof, sha11 eonrain ~he usual ata~ldaid ma~gager clause or such o~he~ clause as the Matgagee may requ~re, making Ih~ toss under sa~d po
c~~a: each and every, payab:e to said h10RTGAGEE as ~t~ imerest may appear, and racA and every such po!~cy shal! be p+omp~iy assgned and deiivered ~
any hetd by se;d h10RIGAGEE as further sewrity to ~aid morlgage drbt, and, not less than ten (10) days in rdvance ol the expirat~on ot each poticy, to d~
~~~e~ +o sa~d MORTGAGEE a renewal the~eof, toge~hzr with a receip? for the p~emiu~r: o) such renewal; and ~here shall 6e oo f~re or w~ndsro~m intura~c
p~a:ed on any oi sa~d bu~Id~ngs, any interesf the~e~n a pa~t thereof, u~!ess in fhe lo~m and wifh the loss payable as aforesaid; and in ~he event any sun
oi money becomes payable u~der such policy p policies said MORTGAGfE shall have the opt~on to receive and apply the same on account oi the indebted
~_ss sccwed ha~eby or to perm~t said MORTGAGORS to receive and uss it w any part ?he:eof for otner pwf~osrs, .v;~hwt ~ha~~ur w~i~~.~3 cr ~mp~ir
~ng any equ~ty, I~en or r~ght under w by virtue of tKs mor'gage; a~d in the eveN sa~d M0~2TGAGORS shait :w any reason fail to keep the said p~emisas so
iniv~~d, Or fai{ to detive~ promptly any of said pol;cies of insurance to sa~d MORTGAGEE, o~ fail psompfly to pay t~ity any pre~~~~um therefor or in any
~eepecr fait to pe.form, d~scharge, rxecute, effect, complete, comply wi~h and ab~de by fhis tovenan~, a any part h~reof, sa~d MORTGAGEE may p~ace a~.d
pay fo. such ~nwrance or any part thrreof wi~hout waiving w affeu;ng a~y option, lien, equ~ty, a rfght under w by vutue of ~h~s Mongage, and ~hc
f~lt amount oi each and every such paymero s6a11 6e im~nediatety due and payable and sha7! bear inreres? irom ~he date thereo( uroil paid at the rate o1
~e par centu:n per annu~n and tugethrr with suth interest shafi be sacured 6y Ihe lien of this mortgage.
A. To permit, commit or suffer no waste, impairment or deterioration of aaid prope~ty o~ any pa~t thereof.
5. To pay all and singular the costs, charges and expenres, including t reasonable attorney's tee and costs of abs~raUS of title, incurred or paid at
t~n:e by s~id MORiGAG~E, because w in Ihe event of the failure on the part o) the sa;d MORTGAGOR to duly, pra.nptly and fully perform, d~xharge, j
_...cute, efieu, to~nplete, tomply w~th and ab:de by ea:h and eve~y the 3tipulat~ons, agreements, tonditions, and covenants of said proenissory note and thi~
r.r.rgage any or euher, and sa.d costs, charges and expenses, each and every, shati ba immediately due and payabte; whether a not rhere be notice d~
~:~~~d, anE~,~p~ to coliect er s~it pend:ng; and the full amouot of each and e~ery such paymero shall bear interes~ from the date thereof until paid at the
o~ ~}ine per centum p~r am,u~r, and all said costs, charges and ezpenses incurred w paid, ~ogether w~th such inte~est, shall be secured by ~he f~en of th~s
:nortgAge.
6. That (a) in the event of any breach of this Morfgage or default on the part of the MORTGAGOR, or (b) in the event any of said sums of money
hc-iein referred to be not promptly aod iully paid within thuty (30) days next aite~ the same seve~a!ly become due and payaUle, without demand or notice,
or ic) in ~hr evene eacfi and every the stipu(ations, agreements, c~nd~tfons and covenanrs of sa:d p,om;ssoiy nofe and th~s mor~gage any w ei~her are nol
i~.:'y, promptly and fvtly pe~formed, dhcharged, execuied, effected, complcted, compGed w~th and ab~ded by, then in e~ther a any such evem the sa~d ag
:•c9a!e sum mentioned in said promissory note Ihen remaining unpaid, with interest atcrued, and aii moneys secured hereby, shatl become due and pay- `
ti
e forrhwith, cr rhe~eafter, at rhe opr,on of said MORTGAGEE, as fully a~d completely as if all of the said sums of money were a~gina~ly stipuiated
i,c pa:d on such d:.y, anything in sa:d prom~ssory note or in this ILtor~gage to the contrary not.~f~hs~and~ng; and thereupon or thereafter at the option of
s::1 610RTGAGEE, wrt~out nohce or demand, suit at faw or in equity, rhere(ore er fhereafter begun, may be prosecuted as if all moneys secured hereby
r:.:J matured pr~or to ,ts institvNon. _ s
7. Tha~ in the evenf ~hat at fhe beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce
.,;ment ot any ciaims hereunder, said MORiGAGEE shati appty to the Court having jur~sd;ctlon the~eof for 1he appointment of a Receiver, such Cou~l shaH
:~hwifh a;.~o+nt a recei~er oF said mortgaged property all and singular, includ,ng all and s~ngular the income, prol~ts, issues and revenues from whatever
,•cr derived, e~ch and every of wh~ch, it being expressly understood, is hereby mortgaged as if speufically set forth and dexribed in the granting and
end~•m c auses her bf, and such Rece;ver shaU have a11 Ihe broad and effective funct.ons and powers in anywise entrusted by a Court to a Receiver, ard
s.h appOin`ment shaii L~: n:ade by such Ceurt as an ad:nitted equity and a matter of absol~te right 1o said MQRTL3AGEE, and withou? reference to the
•,.~~~acy or ir.ad<yuacy of the value of the p~operty mongaged or to the so:vrncy or inso~vency of sa~d MOR7GAGOR w the defendants, and that such
• •s, profits, incon,e, issues aed revenues shall ~ appGed by such Receive~ accord~ng to the ~ien w equity of said MORTGAGEE aod the praUice of such
I,JU(T.
B. To du'y, prompt!y a~d tully perform, discha~ge, execute, effect, complete, comply with and abide by each and every the slepvlatians, agreements, i
-:::d;»ens and covenants in said promisso:y note and th~s mortgage set forth. }
9. That in the event the ow~ersh~p of the mortgaoed premises, w. any pa~t thereof, becomes vested in a perwn other tha~ the MORTGAGpR, the '
"~RTGAGEE, its s~ccessors and assigns, may, wi:hout norice to the MORTGAOR, deal with such successor w successor in interest with reference to thi~ ~
:-rgage ard rhe d,br hzreby secwed in the same manrter as w~th Mortgagor without in any way vitiating or discharging the ldortgagors' liabitity herr ~
d~r or vpon she debn c~re5y secured. No sale of the premises hereby mortga~ed and no iarbearance on the pan of the MORTGAGEE o~ its sutceswrs
cr assigns and no extens~on of the time for the payment of the debt hereby secured given by the MORTGAGEF or its successors or au~gns, a~~all operate ~
ro re~eese, d~scharge, mod~fy change or affect the original liau6lny of the MORiGAGpR herein, either in whole or in part t
10. It is scec~f~_a~Iy agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se-
r.;red hereby snali at any time thereafter b~ held to be a waiver of the terms hereot w of the instrument secured herby.
I 1. tn ad:1.f:;; ,~o rhe forego ng monthfy payments of princ'Ra! and inrerest ~equ~~ed by fhe promsssory nore secured hereby, morigagor coveoaots '
agrees ro pay to r,c-rgag~e v~ith each monthiy payrnent an add~rional sum esnn,ased by mortgagee to be equa{ to 1, 12 of the annual cost of tht follow- i
. ~
A-Ali reat property taxes fe•ried w assessed agzinst thc above desvibed real estate. i
8-Fr.~:::~;,•~~s c+~ t~re ar.d ,v;ndstonn insuracce as nerein requ;red to be canied on the improveme~ts s~tuate cn the above d_scribed premises.
C-Pr.~~~,~u:rs o~ s;;ch mort~~ge guaranty ir.surer,ce as morrgagee shatl from :;me to t~me deem fit to carry on the loan sewred hereby.
Mortga ~ee s~,a !'~c~r rime to nme nofify mo.tyagor in writing of the amovot due and payable hereund.r and such surn shali thereupon be due and
;.b.'e on fh~• (IJC cia~~ or rhe r:exr month!~ payment and each successive month thereaiter ur.til mcrtgagee shall notify mortgagor of a change in such
:,nr. Svch su.ns s^a.l be app':ied by mortgagee toward the paymem of real property taxes, insurance prem:ums, and mo~tgage guara~ty insurance
. ~.--~niums.
t~ 1M ~VlTP~ESS .'.'HER~ f, the +d MORTGAGOR has hereunto set his hand and seat the day and year first aforewid.
S ned, d de ered the presence of: '1
- ~~'I~~~r-~~~~~~~
cs~an
- ~ ~ ~s~a~~
e f5eal)
(Seap
7
{
:"~T. OF fLORIDA ~
:~=u'JTY OF St.• L11C~@ ~
I
Before me perso~atly appeared Naldus Roberts `
and
_ T+~1.~e M'd9 ~b6I'ti3 his wife, to me well known aad known to me to be
• ind~v~dua:s drscritred in and who executed the fo?egoing instrument, and acknowledged before me that they executed the same (or the purposes
rF _•e~n expressed. Anrl the :a~a_ Lillie ~d@ ROb@2"ti3
of the sd~a _ ~ Naldus Roberts ~ a upa?ate and privati'~
~•~-n nat;on by me taken separate and aFart from her said husband, ackrwwledqed to and before me ihat she executed said instryqen~.(t~ely and volurk
, •,.y ar.d w~thcut any compuisron, constraint, apprehe t~n, or fear of w from her said husbartd, _ .
YJiT~1E55 my hand and o#ficfal seal this_ day of Au ~ -~a i9,~~
. ~
Not ry Pubtic in and ior he Staff~Q# fb~lAa ~f La~se ' _
My Commission expires: 7 - .
Ret~rn To: . ~
First Federal Savir,gs 6 loan Associat:on ' ~ , ;
Of io.t P: rce ~1 ~ . ~ f
~ fo~t P~~rce. F!or~d3 , •
r~~a a~coROeo
This Irstrument Prepared By J. H. R,~berts, Jr. i1.WClE COLNTr FIA. t_
- s^~fRAS
First Federal Savings & Loan Association R~~~''.
of Fort Pierce ~ Flo2'ida ~~ERK C~ i~~ COU~
ilf COR~
Checked By 'O jl A~1 `
~ 235496
. euo~ ~J Pac~ 7~ 1s :
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