HomeMy WebLinkAbout0318 3. To p'.xc and continuous~y keep on fhe bu:'dings now or hereaile~ siluate on said ta:id and on all equ~p~nen~ ar.d personally covc~ed by this mot
age, wfth atl prem!u~f~S th~~r:on Fsa d~n fufi, fire ins:..~r.ce m!he usual standa~d pol~ty toim, in a wm aF.p~o+ed by thr MORIV%:GtE, a~~d w~ndsto
~nsurancr in tha usuai s'a:~d~rd ~,o~.cy form, in a swn appro:ed by tha MORTGAGEE, in such company or Compan~e5 as ~he k'.ORTGAGEE m
d~rect; and all lire a~,d w~ndstorm ins~rance pol~c~es on any of said build~ngs, any iNerest there~n or part thoreof, in the aggrcga~e su~n afores.~id
in eac~~ss thr~eof, sh~lf :or.c,in ihe ~w.:l ata:.d:,rd mortgagre c~ause or such other clause as tne hlortgagee may requ:re, making the ~oss unJar s~,J po
:~rs, each and eve.y, pay:.:>'e ~o said AtORIG.4vEE as ~ts inie~est may appear, and each and every such po'~r/ shai~ be promptly assgn~d a~~d de:~v.•r~•d :
any h~ld by s.~:d ~.'.OR[GAGEE as iuriher sccur~ty ro sa~d n:ort~age debt, and, nol less than ten (l0) d3ys in ad:ance oT ihe expiro~io~~ of each poLcy, to d~
~:ve~ to s~~d L10R~GAGEE a renev:al ihereof, togeiher with a receipt for the premium oi such ~enew~l; end fhrre sha~l be no f~re or w~~~ds~or~n in:uranc
p!aced on any of sa~d bui!di~~gs, any interest thcre~n or part fhr~rof, unless in the form aod wrth ihe loss payah!e as afo~esaid; and in the e.~ent any sun
of money brcon~es payaLle under s~ch policy or poGcies sa~d MORTGAGEE shall have rhe opt:on to rrc•.i.r a~~d apF~iy tha sa~:~e on account of the indrbt~•d
n_ss secw~d har~by cr to permit sa:d JAORTGAGORS to rect•ive and use it or any part lhe:eoi ior o:n~ r F.ur; ~scs, .v.tE~~~,;t thr.at .v..i.+~~ cr o•:p..~~
~ng any equ~ty, Gen or nyl:t und•_r er by oirtue of ~his mcc•~age; and in ~he evem sa.d h10RTGAGORS sha!f `o~ any rcason fail ro keep the sa~J pre~n~s~s so
~nsvr~d, or f:~il ro del~vei pro~nNtly any of sa~d poLc~<>s ot insurance to sa~d MORTGAGEE, er toi! p:ompt~y to pay fu;ty any p-enu~~n therefor or in a~~y
resp~ct Ia~I to perfoirn, d~;:h~rge, exccur~, efiect, compteta, co•nply with and a5ide 6y ~his covenant, or any F:.~rt hareof, snld MG2iGAGEE may piace a,o
pay for such insur.~nte or any part thrroof w~thou~ waiving ar atfecting any opuon, lien, equ:ty, or ri~ht under or b~r virtue of this Alortgage, and the
f~~ll a~nouro of each and e~ery wch paymam sfiall be ~mmediately due and payable and shall bear inter~~st from tha tiate thereoi until p~id a~ the rate ot
n~:~e p~~r centum E:rr an~~u:n ~nd ro~:~th.r v.1rh such ~nte:est shali be S~cured by the iien of this mOrtgagc.
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4. To permit, comm~t or suffer no waste, impairment or deterioration of said proper~y or any part the~eof.
5. To pay a!i and sing~Iar the w:ts, charges and expenses, induding a reasonab!e attorney's fee a~d cosfs of abstracts of !ifle, incurred or paid at
rin,e by sa~d ,ti10R1GAGEE, because or ~n ~he event of the fa~lure on the part of ~he sa~d MORTGAGOR to duly, pron,pt{y a~d fvliy perlorm, d~scharge.
.•:wta, effect, compl_te, to~np~y w~th and a~ de by each ar.d every the stipu~at~ons, agreemeNS, tondi'~ons, and covenants oi said pro~ni;sory note and this
,vrrgag_ any or enh•~r, a~~d ss.d costs, charges and expenses, each and every, shall be immc:diately d~e and payab:e; whether or no~ there be no!~ce d~
r„a•,d, ~tie .~pt to col~ect or s~it pe~~d.ng; and the full a~nount ot each and every svch payment shali bear inte:est from the date thereof until paid at the
n~~~r ~:er c_::t„~~~ }~~•r .,n~~u~i; ~nc' au Sa~~ CGStS, CFldf3ti d~t(~ ex~anses incurred or paid, toyether w~th such ~nterest, Shall be sec~red by the iien oi th~s ~
~~ortgage.
6. That ~a) in the evem oi any brra~fi of this Mo~tgage or dciault on tF~ pa~t of the A'IOR:G~GOR, or ;b) in the event any of sa:d sums of money
t••~rein ref~:red to be ~~ot prcn~{~tly ar.d fufly paid ~vithin th,rty (30) days neat ait•~~ the same severa':y beco~ne due and payab!e, without dcmand or notice,
=r ;c) in thr event each and every th~ stipu:at~ons, agreements, conditions and covenancs ot sa d pro~n~ssory note a~~d th:s mcrtgagz any or either are not
j,.~,y, Fromptiy and tul~y pe~fo~m~d, d.s:6orged, executed, effected, tompteted, compi~ed w~th and ab~d~~d `iy, then in e~ther or any such event the said ag-
~ate su~i ment;c~~ed in sald promissory ~~ute then remaining unpa~d, with i~tere,t accr~rd, and a~i moncys secured hereby, shail betome due and pay-
_ tort~~.v~th. Cr !ner.•aitdr, at tha Cpf~on Ct Sa,d hiUKivi.G[[, as iuiiy d~~ w~ny.etr;y o5 if e't u( it.c i.,!3 a- a~ -;^y;.•~`,Ii =•~"r"=''•=.'~
~ c.::d on such d,:~, ~nJth~ng in sa.d promssory note or in this hlortgage to the contrary no~wi~hstar.d+ng; and thereuponNor thereafter at the option of
< d t.10RiGAG:E, v~~rF.:,ut r.ot~c..• or demand, w~t at !aw or in equity, therefore or thereafter begun, may be prosecuted as if a11 moneys secured hereby
i ..i ~natureJ pnor !o ~ts ~nstitution. ,
7. That in the event thet at the beginnlr.g of or at any time pending any su~t upon this Mongage, or to foreciose it, or to reform it, or to enforce
~::ment o4 any ci,i~~~s he•eucd~r, sa~ci t.lORTGr"+GEE Sh3I~ app!y to the Court having j~risd.ttion tfiereof for the appo~niment of a Reteive?, wch Court shail
'+,~v~th app•:,:~,t a r~ce~.er of sa~d ~nortgay~-d property ai( and zingvlar, indud~ng all and s~ng~lar the i^come, p~o1,!s, issues and reve~ues from whatevcr
~.~e de~~ved, eech ar.d ev~,ry of ch, ~t tr::ng express!y understuod, is t:e~eby mongaged as it spec,f~caily set forth and deseribed in the_ grantinq and
'__•~~~dv~n c•a.:xs t;er~of, jnd such Rece~~er sna:i hare ail the b:oad and effective f~nct,ons and powers m anyx-~se entrusted by a Court to a Reteiver, and
:;h ~ppolntme~,r sluil te ~~,~d~: by such tc~rt as an ad*~~rt~•d equny and a matter of absotvte r,gM to sa[d A1pRTGAGEE, and w~~hout reference to the
i.y.~<~c~ or ir.adryuac/ of tha va;~e oi the G~operty mo~tgaged or to the saventy or ~nse:~ency of sa:d MORiGAGOR o~ the defendan(s, a~~d that such
•s. Nro!:rs, income, iasves and reverues shall te app;fed by such Receive~ accord;rg ro the i~en or equity oi said IdORTGAGEE and the practice oF such
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8. Te d~~'y, prcmptEy ar.d f~:Iy pe~form., d~scharge, execure, effect, complete, comp~y w~th and abide by each and every the stipulations, agreemeMS,
>ir.~ons ar•d covenan~s ~n sa~d prom~ssory rore and th:s rnortgj~e set forth.
9. Th.,t In the everet the o,rmersh~p of the mortgaged prenuses, or any part th~reof, becomes vested in a person other than the MORTGAGOR, the
:~RTGFGEE, ~rs wccessers and ass gr.s, rnay, w:+hour r.o~ice to the :SORTGAOR, deat with such suctessor or successor in interest with referente to ihis
~.~3age and the d-_u7 hereby secured in fhe sart:e mannar as with l.lortgagor without in any ~vay vitiating or discharg~ng the lAortgagors' liability he.re-
i~r or u~ on th~ d-•6t herrb~ s_cur_~d. No s3:e of the Frem~ses hereby mo~tgaged ar.d no forbearance on the pan of the IhOR1GAGEE or its successors
~sv~ns and •:o entens~c~ of the ti~n~~ for the peyment of the debt hereby secvred given by the h10RTGf1GEE or its svccessors or ass~gns, ahall operate
re~eese, d,scha•ge, mod~fy cha~:ge or affeU the o,-iy~nai lia~:;ity of the MORTGAGOR herein, either in whole or in part.
10. It i; spec,~:,.~Ily a9r~ed that t~m~ is of the esser.ce of th~s contratt and that no waiver oi any o6!~gatlon hereunder or of the obligation se-
.,•:_d hereby shal~ at any ti~•:e rharrafter be h~id to be a ~va~vet of the terms hereoi or of the instr~ment secured herby.
11. tn ;.i<i r;; t!:c f;,reg:: r.:~ :r,cr.:h'y p~ym~nts of p:inc pa! and intcres! requ+red by ~he prom sscry no'e s;cured hc+cb~, me:~gagor covenants
• a egrces to ,,~y te n.c-r~ ~y~,e v. ~rh eacn ~~~on•h ~~;ay~ ent an add~r~onal sum esr :rated by mortgagee to be e~uai to 1 12 04 the ann~a{ cost of the fol{ow-
A-;.il re.~t FroF,• rry !,x~s Ic.~_~~ or ass~_ss ~d agai•ist th^ above describcd reaf es}ate.
6 F~. ::s on flre ar:d .v~r.cisror:n in5~r3cce as iierein requ~red to be carried on the ~m;~rovemeots s~tuate on th,r above d_scr~bed premises.
C-Pre~~.~.,~~•s c~ Such ~~:o:~.~,ur guar,3~ity icsvrarce as mo~tgagee shall fro~r. rme to time dc~em fit to carry on the loan secured hereby_
t„~~fy; i ~~o.n te r~•~:e nor~f; mcr~g„gor m writ~ng of the a.-ou~r due and payable hereund:r and such su~n sha;l thereupon be due and
! .,~,:e on Tn.• dv:~ ~ o` sh-~ n.•xr n;~:;th.~ pey~n•~nt and e~ch successive month thereaft~r ~r.til mertgagee sha!I not:fy mortga3or of a change in s~ch
~ ,r•+. Su:h 5~:•~s s! : i t.e a,:~::~~d ~y morrg,e;:c ro~.vard the payment of real preperty taxes, insurance prem;~ms, and mortgage guaranty insurance
•.~wm5-
~ f'd ~:itT"iESS :.HER~QF, the said NSt~ITGAGCR has hereunto set his hand and seel the day ~~irst
af~ ~
~ 1 Signed, Seafed ar,d ~ivqred in t~ ~re ,ence of:
---T- ~ a1)
. ~ R' hard R. Baird ~~aq
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(Seal)
~ ~ _ - - L.i 11ian R. Baird (~aq
~ . IORIDA
St Lucie ~
_'-U'JTY Of ' _ 1 ,
Before me personally appeared R icha rd R. Ba i rd and
_ L1 1 11 dil R. B a i r d h~s wife, to me well known. acd ~k'ewwn to me to be
ind~vidud~S dfSfnC^d in and wF aewted the ioregoing instrument, and acknowledged before me that they executed ths" same~ fw•.lhe purposes
Lillian R, Baird •
r.....ein expressed. And the sa~d------.----- - ' -r-~~,~
Richard R. Baird
e of th~ sa~d _ a separa)'e~and prl~ate
~~:naKen by rne taken separate and apart from her said husband, acknowledged to a~d beiore me that she executed saibj~u~nent Treels(,and.volum
i ard v.~thout any compuls~on, ~onstra~nt, apprehen on} ~r fear of or fr~m , said husband. i-. V;~ %
t October ;
WITNESS my hand and offic~al seal th(s_ ___~.y~- _ day of ~-JI ~ Ar:~»1~72
..I~`:C~
~ ~Z.C~S'i._~ ~ : ' .ii , : ~ - -
H", ~
Notary Public in aM1d f~the taf~'of ~lorida a arqe
~ My Comm~ssion expi~er ~ ~ -
Ret~rn To: ~ ~ ~j ~ . . ~ •
, ti
F~rst Federal Savings 8 lean Associat~on A~ v
~ Ot iort F;~c:r • -
Fort P.~•.cc, F:i:ri;li
ST
lUClE COUMTY fLA.
RQCE~ POITRAS
This Instrumer~t Pre ared B Gary F. Ellweod ~~EQ~ C~~ICUIT COURT
First Federal Savings & Loan Ass ciation R~~ra•' ';r'f~Ep~~..
of Fort Pierce , Florida 33450 OCT JO IO 56 AH ~11
Check~d BY _y
°soox2~7 PACE 318 23958'7
~~h~
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