HomeMy WebLinkAbout0085 ~ 3. To p'acr ano con+inuously keep on the bu~:dmgs now or he~eaiter s~tuate on said land and on aC rqoip~nent end personally cove~ed by Ihis mor
aga, w~th all pren.~„rns th~reon d~n 1ui!, f~rc ir.surance ~n ~he ~sual standard poiicy form, in a s~~» a+.p~~Yed by rhe MUR~C,:.GEE, and w~r~ds~o
inwrante in tha usual standard po:.cy foim, in a s~m aHpro~ed by the MORTGAGEE, in such con~pany or to~r.E~an~es os the A10RTGAGEE m
d~reU; and all fire a~;d w~nd;torm inwrance pot~cies on any of ta~d build~ngs, any interrs~ ~he~ein or part th~•rca1, in the agg«°9a~e sv~n aioresa~d
in excess thereof, shall ,ont~in the ~sv.:l sra~~J~rd morrgagee uause or such o~he~ clause as the Mortyagee may reqo.re, mak~n9 the ~oss undar s3~d po
c~es, each a~d every, pay.;~'.a to sa~d :10RTGAGEE as ~ts mterest may appear, and each and every svch po,:.~ shaH be prompt~y ass gn<d w~d da.~J~•~rd
any held by sa~J 1rORIGAGiE as (unhe~ s_writy ro sa~d n,o~~ga~e debt, and, not less than ten (101 days i:i ,,d.a~~ce of the expirat~on of each p01~Cr, ro d.
~iver to said MORTGAGEE a rene'~nal Ihuri~of, together with a receipt for the premium of suth renewai; ~nd U,rre shaif be no Lre or w:~~csstm~n insuranc
ptaced on any of sa~d bui!dings, any interest there;n or parr fhc~eof, un!ess ir. the fonn and w~ih ihe ~oss pay:,L:e as afwesaid; and in the eveM any s~n
of money beco~nes payab:e vnder scch poti:y or poLcies sa~d MORiGAGEE shall have the opr,on to rec_~..r a~~d apH!y t~~e san,e en accou:v of ihe i~~d.:ot~•d
ness secwed he~eby or to per~nit aaid MORiGAGORS to receive and use it or any pari th•~:~of ior c:~:• r E:ur; ~s_s. :..~~,~•~t rt~ u. c~ a,
in~ any equ~ty, l~en or right under or by viitve of this n:crrgagc; and in the eveM sa~d MORTGAGORS sha:l .`or any rcason fail to k«p the saiJ premises so
insured, or fail to de'~ver promptly any Of said po~~tiss of insurance 10 said MORIGAGEE, or f~i: ~,:cmptly to pay fuily any prr~n~~~m ther~for or in a~~y
respett (ail to per~orm, dischcrge, executa, elfet~, comp!etz, co:nply with and abide by this covena•d, o~ any p_art harcol, said hIGRTv~+GEF inay piat^ a~o
pay for such insvr.~nce or any part therrof w~~hout waiving or affecting any opnon, lien, equ:ty, or r~~M unJe~ o~ by vlrtue of th~s hlortgage, and the
fult amount cf each arid e.ery s~ch pay~nant shall be ~mmediatrly due and payable and shatl baar in~er~st from the date thereoi until p~~d at the rate oi
r.~:ie per cen~um per annu:~ ~nd tog_•~~~~:r yvith suth interest chai~ be sac~red by the Ilen o( th~s mOttgage.
3, To pe~mit, cornmit or suffer no waste, im;,airment or deterioration of said property or any part thereof.
5. To pjy all and singu!ar the costs, charges and expenses, ]ncluding a reasonable attorney's fee and costs of abstrads of title, incurred or pa~d at
~~y t~~,.e by sa~J h10R?GAGEE, because or in the event of the fa:lure on the part of the said MORTGAGOR to duly, pro^~pdy and fully pe~fonn, d~scnarge.
.~cure, effect, cemp:ete, canpty w~th and aL:dr by each and every thr st~pulai~ons, agrecments, co^.ditions, ar.d co.enanis of sa~d piomissory note a~~d ~h~s
~,orrgag~ any or e~~he~, and sa d costs, charges arid expenses, each and every, shatl be ~mmrdiate!y due and payabie; wh:•ther or not there be not~ce d~
~„and, ~tte~npt to coilcct or s~it pendmg; and the full a~nount of eath and e~ery suth payment s~ali bea• interest from the date thereot ~ntil pa~d al the
~ o' n:ne f;er c~~~:;u~~~ F•.:: e::~:: a~i sa~d cosis, chargcs aod expe~~ses ineurred or paid, Iogether ~v~th wch interast, sha11 be secured by the I~en of this
mortgage.
6. Tha~ (a) in the evcnt of any br~ach of th~s Mortgage or defauh on the part of the MORTGj+GOR, or ;b) in the event any of sa;d sums of money
h~~rein ~eferred to bc nGt pro+nptly and lully paid within ~h.rty (30) days next a9ter the sa~ne sc~era'ty become due and payab~e, wiri~out demand Or not~Ce,
cr lc) in thr event e;ach and cvery tFa sri~ulat~ons, agreements, cond~rions and covenants of sa.d pronussu~y nota and th~s mor~gage any or either are no1
iu:y, p:omptly and fu~~y perforrned, d xharg•_d, execured, effected, compieted, compi:ed wi~h and ab~u_d Sy, then in e~ther or any s~ch evem the sa:d ag-
t~.r~ ~.,c~:t;~:;~a s~:d ~r~-:•is=c~~ .e ther. re^~aini^g ,.a+d, w~~ti ~n1YlP:1 accr~,c•d, and a;, ~no~cys secured hereby, shall become due and pay
~.~y
a~,.e fo~th.v~th, e• ti,ercafs;;r, at the opf,on ot s~~d MORiGAGEE,~as fully and complere~y as ii a~l of tl,r sa:d su~ns oi money were or~g~na~ly sr~pu,a~rd
!o be pa,d on such dcy. an~r~~irg in s3d p~o~n~ssory note or in this l~~ortgage to the convary ~wt.vrthstand~ng; ~nd thereupon or theaeafter at the opt~on of
s- ! MCRTGAGEE, w~Thout nence or demand, suit at !aw or in equity, iherefore or IhereaTrer beyon, n~ay 6e prosec~ted as ii all moneys secured hereby
r.._d marured pr~or to ~ts institut~on.
7. That in the event !har at the beyinn~~eg of or at any time pend~r.g any su~t upon th~s No-tgage, or ta forec!ose it, or to ¦eform it, or to en(orce
;~rment of any eia~~ns he+eunder, soid h10RTGAG~E sha~I apply to the Court having ~unsd.u,on tf~_~<o! for the apNOint~nem of a Rece~ver, such Court shail
r~rsnwith appo:ot a rece~rer of soid mortgaged preperty alt and singular, inciud.ng ail and s:ng~~ ar t! < incon:e, prcf~rs, issues and revenues trom wh3tever
;:•ce der~ved, each a~.d e.ery oi ~vt..ch, ~f beir,g express'y unders~ood, is hereby mortgag_•d as ~f sp•_e.i~ca:ly set fonh and u~escribed in the g~anr~ng and
~ endvm causes hereof, ard wch Rece~ver shal; havz alI the broad and ef{ecnve funcr.ons a~~d po,•.crs in anyw~se entrusted by a Cou~t to a kecaiver, and
z ch ar.pointment shaii 6e mada by such Ccurt as an adrnitted equity ar.d a mdtte~ of absolute right to said MORIGAGEE, and wi;hc~t referente to the
i_-,~,~~cp or ir.adequacy of the val~e of the p~operty mortgaged or to Ihe so,vency or insolvency of sa~d MORiGAGOR or the defendants, and that such
•s. Nroi:ts, inco,ne, issues and re~enues shail be appiied by such Receiver accordu~g to the lien or equity of said MORTGAGEE and the practice of such
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8. To 4~~'y, prompt.'y and fu!!y perform, d;scha•ae, execute, effed, complete, comply w~th and abide by each and every the stipuiations, agreements,
: ~~d~tions a~d wvena~ns n sa~d pro~-~isso: y nae and th~s mortgage ser forth.
9. Tt,at in the e.e~~t fhe owne:~hlp of the mortgaged pre~nises, or any part the~eof; becomes vested in a person other than t}ie-4110RTGAGOR, the
:'JRTGAGFE, ~~s svcc~ss~.~s and asrgns, rt~ay, wirho~t notice to the N~OR?GtiOR, deai with such s~ttessor or successor in interest with relerer~e to this
n o•tgage ard the d_u1 F~ereby sec~red in th~ same mannar as v.ith L5ort9agor without i~ any way vitlating or d~sthargi~g the hlortgagors' ~iaDilitl 1)ere-
,-;i~r or ~pon fhe d_~i;n c~rei~~ secured. P~o sale o4 the Fre«:ises hereby mortgaged and no fo~bea~an~e on fhe part of the ?,10RTGAGEE or its successors
cr ass~~ns and no ex!ers~on of she ti«:e for the payment of the debT h^.eby sec~red given by the ~AORTGAGEE or its wccessors or ass:gns, a~~all operate
ro re e~se, d schargr, mod~fy chanye or affect the origmal I~ac.l~~y of the M~ORiGAGOR he~ein, either in whoie or in part.
10. It is spec f~caii~ eg.eed that time is of the esse~ce of this comrad and that no waiver of any oh'~gatlon hereunder or of the obligation se-
c.,red hereby shal~ ac an~ t~•,~e th~reafrer be t::-!d to be a w•aiver of tt~e terms hereof or of the ~r~srrument sec~~ed hetby.
11, in .;i-+ Y,. :•o ~ foregc r,onthly pay•n_nrs of p~inc pal and interesr req~~red by the p+orn sscry ~~ore s_cured h~~r::b~, mectgayor covenants
d ag~,es to ;;ay to ;.,.-ty,c;ee ~~~h eacn r.~cn+n~y Hay~ ent an atid~ricnai sum .:s•:~•ared b~ rnurt~eyre io 1,e ry~a! to l, i2 ot a,:..;,~: :os: of the follo:ti-
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A-~~I rcal ~;ruT:•.~y tax_s ~e•nod or ossess~d ay~i•tst th~ above described real estate.
6 P:., ~~:~s er~ f~:• ar,d w;~:ciste~•n ~ns~.r;,r;e as ne~e+n r~q~~red to be ca~r~ed en the :m,.roveme~ts stvate on ih~ above d=sv~i~ed premises.
i
j C-Pre~n.u~~ s o~ ~~ch r~:Jr~~:,ge nua+an!y ~csura~.ce as mo-l9agee shail fro~c t me ro time derm iit to ea~~y on the !oan secured herebt.
~ ..lortgag:e s•, i frc~~i t~~~.~ tc T~^~.c nonf~ mc~tgagor ~n v~rit~ng of the a~~~o~~t d~e and payable hereundar and such su~~ shiil thereuF:on be due and
f ..,i,!e o~~ th; re.. , et rF~~ n~•xt r.•o:,th.~ payment and er~ch successive m,onth thereafter u~:ti! mcrtq3gee sha'i not[fy ~no~tgagoi of a change in wch
~ ~~nt. Suc4i s~:~,s s! e.i be a,:{ i~•d Ly nwrtqag:e tov.ard the payment of real preperty ta:es, insura:uz prem:~ms, and mortyage guaraNy insuran[e
( . ~...rJums.
f I:'J :11TP~ESS '::HER:OF, the sa~d MORTGAGCR has hereu~to set his hard and seal the day an year " st afores
~ S~ ned, Se d delivered in ~I+e resence of: ~ ~ -
\ - P
~ % - _ - ISeaq
, r O C. Th m SOn ~~ai~
~ - • , (Seaq
0 Lucille Thompson ~~ati~
S':.?E OF FLORIDA ~
St . Luc ie
~:)U'JTY Of - ~ -
Befcre me personally appeared 0• C• Thompson and
Lucille Thom son
his wife, to me wetJ.kAb~w SHVjfnown to me to be
individuals desc~ibed in and who executed the foregoing instrument, and acknow~edged before me that th~y ~t'icil~ed14~:ys~ine'#w the purposes
rh~.ein expressed. And the said__ LL1C].11@ Thompson _
. O C Thompson _ _ _ ~~~'1,g,l~~~pArete and private
of the sa~d _ S__-- =
;.ant:nat~on by me ta4en separate and apart from her said husband, acknowledged to and before me that she dce~v~ ~ trumen Geely and volun-
and w:thout any compulsion, constraint, appr ~ enslon, or fear of or from hsr said husband. ~ ~ ~~01
da or October . :~r~,i9_7~.
~ VJITNE55 my hand and officiat seal ihis_ y ~ f
~ - •~~vL
~ ~ i. , , :
Notar Public in a~d for t~ af.fb dt~,lar e
My Comm~ssion expires: 9
~ Ret~rn To: 239413 noTAa~ ~?~E af FLORIDA et LARGE
First Federal Savings 8~ Loan Associat:on
= o~ fILEO ANG +~EGORDEO MY CO~It~[ISSION EXPIRES SfPT. 25, 1975
ST.IUC~E COUNTI' fLA• 9onded By American Bankers Inwrance Co-
Fort F~••rc~~, Fic~~:i; RGG:. : ~:'ITRAS
CIER~ C.-~u~t couat ,
RFC~P.~ Vf ~E~ ~
This Instrument Prepared By: JOhn W. Collin5~i 6 ~ 48pM~1~
First Federal Savings 8 loan Association „ ~r~
of Fort Pierce~ Florida 33450 1~~~~
Checked BY -
e~pK2~~ rai.~ 85
t in~