HomeMy WebLinkAbout0322 3. To p:ace and cont~nuo:,s~y keep un the bui'dings now a~ hereaher ~ituate on said land and on aG equ~pment and personaUy covered by this mor
a9e, w,}h a!I prrn,w ~:s ti~rreon ~.a d in fu!i, fuc insurance ~n ~h~ uswl u.~~~ard po:icy form, in a sum aHp~oved b/ tha h1UR~v:.GEE, and windsto
~nzurancr in tha us..al ~!a~~dard pol,cy for~n, in a sum appro:ed by the MORTGAGfE, in such company o~ compan~es as the IA021GAGfE m
d.rcct; and oli f~re ar•~ v~~ndsionn ~nsurance poi~c~es o~ any of sa~d buiid~nqs, any interest therein or part tharrof, the agg~igare s~~~ afo~esa~d
in excess thereof, s'~ai{ conr,~;n !he usu.:i sta~~dard morrgayee c~ause or suth othe~ c~ausa az ~he Mortyagee n'~ay requ.re, maAing thr ~oss undrr sa~d po
c.es, eath and every, pay.~b'e fo sa~d ~~10RIGAGEE as ~ts intarest may appear, and each and every wth po:it/ sha~l i~e promNNy assg~trd and de~~YCrrd ~
any held by sa~d ;:.ORIGAG~E as furih~r s:curity to sa~d n:ortgage debt, and, not less than ten (10) days i=~ ad.r,:~ce of ~hr expi~anon of each pot~cy, to d~
I:ver to sa~d !.10RIG~G~E a rer.ew.}I thereof, togethcr wi!h a rece~pt for ~he p~emium of such rener.al; and ihrre sha~l be no ine or w~nds~am insuranc
piaced on any of :a~d bui!d~~~9s, any ~nterest there:n or part thereof, unlESS in the fo~m and w~th the ~oss paY„Lte as aEoresaid; and in the event any sun
of money beco~nes payablc under s~ch po:~cy o~ po:~cies sa~d MORTGAGEE ahall have the opt:on to rec_~:e r.~~d apNiy ti~e sa~ne on accou~v of the indab~ad
n_si Sewred hc'raby Or to pern~it sa~d MORTCiAGOR$ ~O reCeive d~t(1 uS! it Of any part th•~:cof fo~ o:~~~'r p.w: os,s, ~:.~ti~o~t ~h •,r «-~•~'d ~'+~P°''
~ng ~ny equ:ty, Ilen or r~ght vr.der or by v~rtua of thn mc:~gage; and in ~he evero sa~d MORTGAG02S shill for any reason fail to keep the sa~d premis,•s so
r,su~ed, or fail to de~ivcr pron~ptly any of said p;oLcirs oi iniurante fo sa~d A10RTGAGEE, or fr.l p:omp!ly to ~:ay ful;y any pre•n~~~n the~cfor or in a~y
r~•sp•ra tail ~o per(orm, dscharye, exec~te, elfect, GOnipirt~, Co~nply wiih and abide by in~s covenant, or any p~r~ h,reef, s~~d 1~tGRT:~AGEE may p~ace a~a
F~, for such insurance or any part thrreof ,n~thout waiving or afiecting any option, lien, equ~~y, or ri~ht und<r or b~ virtue of this Mortgage, and thc
.,I: a~nov:~t of each ard e~e~y s~ch paymrnt shall be im~ne~iately due and payable and shall brar i~terest from tha dare thereof unht p,;id a1 the rate oi
e pet t,n'~rn prr a~;n~~n ~nd tc~.ti:~r ~nieh such interest ahau t~ s.ttured by the 1i2n Of 1hiS mOrtgage.
d. To permit, cOmmit or suffer no waste, impairment or deterioratio~ of said property or any parl thereof.
5. To pay all and s~ngular the costs, charges and eapenses, ~nctuding a reasonable attorney's fee and cosfs of abst.acts of titie, incurred or paid at
~~~a t~~~,~~ by s,~d N,OR?GAGfE, becavse or in the event of ~he fa.iure on the pa~i of the said MORTGAGOR to duly, pro~~prly and fulty pe.form, d~scharge
cute, efieU, ce~np;_~e, co-:~~~!y wah a:~d ao.dz by each and every the stipu~at~ons, agree«~ents, cor.d~tions, and covenants of said pro:n~ssory note a~~d 1h~s
xtyagc any or enher, ar;d sa:d costs, tha~ges and eaFenses, each and every, shall be immediately due and payable; whether o~ not the:e lu ~once d-
d, att..• rpt !o co;tect o~ suit pend ng; a„d the f~U amo~nt of each and every such payme~t shall bea~ inf._rest from the date thereof untii paid at the
o' ~~~:,e per .~~::un~ F,~r ,n~ eii so~d c~sts, ci~a:~es and exprns~s ~ncurred or pa~d, toyether w~th such interes?, shall be sec~red by rhe iien of th~s
.~.vi iyoyr.
6. That (a) in the even+ of any breach of tf~is ~~lorigage or defautt on ths part of the f.10RiGAGOR, or ;b) in the event any of sa'd sums of money
h;~~e;n referred to be not +:~a~,Nt~y and fully paid wirh~n ih,~ty l30) dars nexf a~r_~r the sa~»e seve~a'!y bacome due and payabte, w~thou~ demand or nof~ce,
~r :.c) in thr e.rent each and every ~he stipu'at~ons, agreemeNS, cond~tions and tovenants of sad promissory note and th~s mortgage any or e~ther are not
J~;y, promptly and 1~:!y perlormEd, d s;harged, ezecuted, effected, tompleted, complied w~th and ab~ded ~iy, then in e~ther or any such evero the sa~d ag-
ta:e su~~ menno~ied in sa~d promissory notr then rcmaining unpaid, with intere,t atcruzd, and a~i moneys secured hereby, shal! become due and pay
_ fcrh.v~th, or th~reafrer, at the op~~on ef so~d AtOB1GAGEE, as fuily and comp;etely as ii a!i oi th~• said sums of muney were orlginally st~pu,ated
pa,d on such d~y, anything in sa.d pro:n~ssory note or in this Mortgage to the tontrary not.vithsrand~~ig; and there~pon or thcreafter a1 the opt~on of
~.i ~dOQ~GAGEE, ,n~Tnc~:t r.or~~e o. demar~d, su~t at law or in equity, therefore or thereaiter beg~n, may be prosec~ted as if all moneys secured hzreby
: mat~red pr~o~ to ~ts Inst,sutwn.
7. That in the event rhat at the beg+nning of or at any !ime pending any suit upon this Mortgage, or to (oreclose it, or to re(orm if, or to enforce
,.~ner.r of any r.,~~~,s he•eu~:d_~r, sa~~ LtORTGAGEE sha~l app!y to the Court havir.g jur~sd.cr~on th~~r~of for ihe appo~ntment of a Receiver, such Cov~t shail
thw,th apFo~M a rece~ver of said murtgagcd property aii and sing~lar, indud,ng al~ and s~nguiar the income, profits, issues and revenues from whatever
~ -ca ci<~~ved, each a.,d eve~y ef wl~~:h, it be~ng exp:essiy understood, is hereoy mortgaged as i4 spec~fical:y set forth and deseribed in the g~anting and
end~m c:avses her;of. ard wch Recri,~ar shali have all ihe broad and effecrive funu.ons and por.e~s in anyw~se entrusted by a Cowt to a Receiver, and
, i~ 3NpG~nlrt~Cnf sha,l br n:.~de by wch Court as an ad ~itted eq~ity and a matter of a6solute nght fo said MORTGAGEE, and withoul re(erence to the
.av.:cy or inadequacy of the va~~e of the property mortgaged or to the so~vency or ~nsoivency of sa~d MORiGAGOR or the defendams, and that such
~5. prof+ts, inco•nc, issues and rever.4es shall be appi~ed by such Receiver accord~ng to the Jien or eqyity of said 11VORTGAGfE and the pradice of wch
~ J'J f t.
8. To d~'y. prompt:y a~d f~;!y peiform, d~scharge, execute, effect, comptete, comply with and abide by each and every the stipulations, agreemems,
-diticris ar.d wvenanis in sa~d prort~issory nole and thls mcrtgage Set 4ot1h.
9. TF:at m thc eve:.t thc owrtership of the morigaged premises, or any part thereof, becomes vested in a person other ihan the MORTGAGOR, the
::RTG4''v.c, its successon ar~d ass~gns, may, wirhout notice to the ,\tORTGAOR, deal with such successor or successor in interest with reference to this
•~•g~ge a:.d •he d-_i,t hereby xcured in the same mar.r.cr as with !'Aortgagor w~tho~t in any way vit:ating o. d:scharging the Mortgagors' liability here-
.i~r or uron :ne d~:,t here'_,~ s~cur~~d. No sa'z of the Fre«,~ses hereby mortgaged and no forbearance on !he part of the ?AORTGAGEE or its successors
-.~s;; ~ns and •~o ezr_rs!on o4 ;hc ti:ne fo~ thr payment of the debt h~reby secured g~ven by the MORTGAGEE or its s~ccessors or assigns, a~iail operate
~o re~c~se, d scharge, mi;d~fy ct~ar.ge or aifect the o~iy~naf iiau~l~ty of the MORTGAGOR he~ein, either in whoie or in part.
10. It ~s s;,ec•':.~~~y ag.eed ~har t~~ne is of the essence.of this contract and that no waiver of any obi~gat~on hereunder or of the obligation sr
~_d hereby sha~: ar an~ time thar~•affer be hc:d to bc a waiver of the terms hereo( w of the ins~rumem secured hcrby.
i l. 1n ...i;f r:c ~ to the forrgc ••~un!h'~ E~.ayrr.^nts of p.inc pal and inrerest requ~red by the p~om ssory no'r s~-cured hereb~, mortgagor covenants
,,~•_~s re pay !o ^.c~~~.iy_c v.~nc ~~a.n ;non+h'y Ya~:. ent an ;dd~r~onal sum est ~rared by mortgagee to be equai to l, 12 of t;~e an:wal cost of the follow-
A-A!t r~a! r!cp_rt; tjx~s le:~~d or assess_d ay:!••st tnc above describcd r_al es~ate.
6 P, :~s o~ i~re ar.d ~:~~~dsc.x•~~ insurarce as i:ere~n .equ;red to be carried en the im;roveme~ts s~tuate on the abo~e described premises.
C-Pr_•.::-s o•~ •~:h ~••rr~:g., guar,nty insura.ce as mortgagee shall fro~n t'me to tnne deem f+t to carry on the loan secured hereby.
,'orr~,u~e s~~, !`•o:t, n„~~ ro n:~.e ~~c~~f; ~no~!y.:g^r ~n writ~ng of the amou~t d~e ar.d payabfe hereundrr and such su•T~ shait thcreupon be due ar~d
~ !,!e o•e r!.., d~e c~~~~ ef rF;_~ n~•xt n,oarn ; p;y~r~nr and each success~ve mon!h rhereafter ~r.tii mcrtgagee shail notify mortgagor of a change in such
„at. Su:'r, su~ns s' i~e a:: ~~•d by n~crtgag~re tor:ard tne payment of real property taxes, insvrance prem.ums, a~~d mortgage guaranty insurance
.~'~iumz.
~ IN ':r1T~lESS :'~HEFEOF, the s~~d MORTGAGCR has hereunto set his hand and seal the day and year (irst a4oresaid. :
~5~ ned, Sealed and d~!ivered in the presence of: y' ~ '
~ ~~t _ ~ ~ ~~~i~~. J~~L.- (Seal)
Fr k E. Cole (~ai)
C.~_ ~~/~l ~ ~---e~~tSeaq
- ~L~ - - - - / ! ~
i - - - - - - Lou i se L. Col e ~seaq
E
_ =.~c OF FLORIDA
SS.
\ ;~~arY aF _____St._Lucie ~
Before me personally appeared _ FrdA1C E. COle _ and
~.OU15@ L.._ Cole h~: wife, to me well kr.own and krrown to me to be
ind~vid~a's descr~c_•d in and who executed the foregoing instrument, and acknowiedged before me that they ezecuted the sa~ae for .thr:purposes
1.OU 156 L.. COI@ . _ ' '
ein expressed. And the s~id_ _ , '
. c of th> Frank C012 _
sa~d - - - - : npon~ 6eparafS end private
~ sm;~ar;on b•~ n,•: taken separate and apart from her sald husband, acknowledged to and before me that she executed said-~n~tfurweW,Re@ly'p~ld ~volun-
•„y a~:d w:rho~t any co~,puision, co~~straint, appre:~en)s:on, or fear of or from he~r
sa~d husband.
Y~ITtiESS my hand and offic~al seal this._ -__~Li.!_L_- day of lt , Octobe =;~T ~e' j9.~~j??
1.0'
e. ~ ! _
Notary Public in and for the State floridtl'~a~~
,Os'j~,.
~ My Comm~ssion expires: ; ~ ~ •
Ret~~n To: NOTARY PUBUC; $iAjEp~~.pRl~~ [qRGE
~ ~irst Federal Savings 8 loan Associar;on MY C~MMISSION ~(PIR~S SEAT, 25, 1915
e! ~„~f P~-~_•. Bo~ed Br American Bankers Insurance Go.
fort P~_:ce. Hori~i3
fIlEO ~HD RECOR~ED
gT.lUC1E COUNT~ FLA•
This Instrun~ent Prepared By RiChard K. Kayes ROGfR P~!TRAS (
F~rst Federa! Savings 8~ Loan Association ~~ERK C1RCU1j COURT
of Fort Pierce~ Florida RECOR~ YERtFtE4
Checked BY - ~ - ~,T ~O 'Q S~f 11~
eocxz0`~ P~cE 3~ 9
23958
C~
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