HomeMy WebLinkAbout0334 3. To p~ace and continuously keep on the bui'dings now or hereafrer ~ituate on said land and on al~ equipment and personally covered by this mpr
agc, w:ih all pren~i~~ni ih~•ron pa d in full, f~re insuia~ua in tiie ~wat s~andjrd pot~cy Form, in a wm aHproved by the MOR~'."~:.CiEE, and w~ndsto
~nwrancr in the usual s'a~da~d pu:.cy fonn, in a sum approved by the 610R1G~GEE, in such comRany or to~»panleS as the ::~02IvAGEE rt+
d~~ect; and all i~re a~:d w:ndsrorm insurance po!icirs on any oi said build~ngs, any interes~ therein or pa+t th~reol, in the aggreyare wm atoresa~d
in eacess th,.~.coF, shall ;ont:,;n ~he us~a1 sta"dard mortgagee uause or such ot!~e~ clruse as Ihe Mo~tysyee may rrqu~re, maMing ~ha ioss under s~~J po
oes, exh and eve~y, P3y.lti:B to sa~d ~ti1VR1G4GEE as ~ts intrn~if may appear, and each dnd every wch po:~c/ shalt br promptly assynrd end del~ver<d
any h~•td by s.~~J ;.10kIGAGeE as funh,,~r s•_cur~ty to said n~o~tgage d~~ut. and, no~ less lhan ten (101 days in advance ol itx expira~~on o4 each po~rcy, to d~
I ~er to s~~d !.10R~GnGE~ ~ re~zev:a{ tiicr~•of, togethrr with a rete~pt for the pre~n~um oi svch renewa~: ~~~d ihrre sl~aU be no f~re or ~vi~~dsto~~n insuranc
placed on any of said bui!d~ngs, any ~ntrresl the•re~n or part thereof, un'cs: in the form and v.~fh ~he loss payao!e as ~loresa~d; and in the event any s~n
of rnoney beco~nas p~y~bie under s~ch po:ity or poLcius said MORTGAGEE sh311 have the opt,on to recc~ve ~~~d app:y ti,= same on account oi ~he indrbt~d
nriT Setu~e(~ h~+iby Cr TO N=rrnA Said I~AORTGAGORS ~O ~Meiv@ dnO u32 il Of dny p.:~t th?zeo+ tor C7rn~~ 4.~r..oTrS, ':..ti~~•.;t th:•~:~: ~.s:.r.i:J Cr nnp~•i'~
~ny any equ~ty, I~en ur r~~hr under or by ~urue of th~s morgage; a~d in the event aa d A10RTGAGORS sha!1 :or any ~eason fail to k~•ep the sa~d p~em~sas su
nwrcd, or (.,ii ro de'~~e+ pro~nptfy any of s~id ~wl~cies of insura«ce to sa:d MORTGAGEE, or f:,~; p:ori~p~ly to pay iuuy any prr~~~~v~n the~efor or in a~.y
rc•;F•ett fail to perfo~m, d~sch„rge, exrcutr, effect, con~pletr, co:nply with and abida by this eovenant, or any p.ut h:reof, said 1dGRTvAGEE may piace a~o
,c.,; for scch ~nsur.~nce or any part ~hereof v~~rhout waiving or affecting any opt~on, lien, equ~ty, or right unde~ or by vi~tue cf this hlorrgage, and the
a~ne~nt ef each and e.ery svch payment shall be immediately due and payable ar.d shal; 6ear intcr~st frem the date thereof until p.,~d at the r~te o1
.e prr CCnlu~n }~Et! dnnu d~~(~ iJ~_iF.arf v:it~i SUih ~n•2rC5t 5~1dit be 5..~:ur2d by the Gen of thls mortgage.
4. To permit, commit or sufier no vraste, impairmeM or dcterioration of said property or any part thereaf.
S. To p.~y aIl and sing~lar the costs, charges and expenses, ~nclud~~g a reasonable anorney's iee and cosrs of abstracts of ti~{e, incurred or pa~d at
r•,; tin,e by sa~d htpRTGAGEF, because or in the e.ero of the failure on the part of Ihe said NORTGAGOR to duly, piomptly and f~liy per(orm, d~scnarge
._cure, efiect, comp;ete, co~~~pfy wnh and abde by each and every the stipulaf~ons, agreements, condiuons, and cover.ants o~ sa~d pro:ni~sor~ note a~d fh~s
~,~rtgage any or e~ther, a~,d sa.d costs, charges and exprnses, each and every, shall be immed~ately due and payab:e; whether w not thcre be notice dr
,~~d, atte~npt to co:ka or sult pend.ng; a~:d the full amoum of each and e~ery such payment shall bea~ inecrest from fhe date ~herrot until patd at the
~ o` ~u~ia per c.~r.:u•n F•~~r ann,; n; and au ss~d costs, ci~arges and ex~rnses irxurred w paid, toyathe: wnh such interrst, shall be setured by the Gen of th~s
~•ortgage.
6. That (a) in the evem of any breach of thls Mortgage or defau:t on th~ part of the ".10RTGnGOR, or ~b) ~n the event any of sa:d sums of money
! rrain referr_d to oe ::ct proinpt:y and fuily pa~d v:i!h~n ~h!rty 1301 days ne~t atter the sa~.~e se.•era'!y beco~ne d~e and payabte, without de~nand or not~ce.
; r',c) in thr event aach and eve~y the stipu~at~ons, a9reements, tond~tions and covenants ot sa.d pro~n~ssury note and th~s mortgaga any or e~ther are no1
~v:~, pro~nptly and fuliy Nerformrd, d:scharged, exec~ted, effected, completed, tomplied with and ab~ded '>y, then in e~ther or any Suth event the Sa~d ag-
q~..3a'e sum ir.enno::ed in s,~~d promissory notc then re~naining unpa~d, wifh intere,t acuutd, and a,l moncys seo.:red hereby, Shail beco~ne d~e and pa~-
. ~ fcrth~,~rh, c. ri,erea'.te~, at the opr~on of s.,~d A40RTGAGEE, as fully and complete~y as if atl of th~ sa~d svms of maney were origi~edlly st,putated
-!;e p~~.d on such d..y, an;th~ng in sa.~ pro:mssory note or in this Mortgage to the cont:ary not.v~thst3~~d!~iy; and the~euF:on or thercafter a~ rhe opt,on of
s.i MORTGAGEE, w~fh~,ut nonce or demand, su~t at !aw or in equity, therefo~e or ~hereafier begun, may be prosecuted as if all moneys secured hereby
~._cf mat~red pr~or to ~fs im~~rur~on.
7_ That in the event fhat at tne beyinn~ng of or at any time pending any suit upon this 1lorrgage, o~ to foreclose it, or to reform i?, o~ to enfo+ce
.;.m.=nt o4 any ti.ai~ns heraunder, said MORTGi~GEE shal! apply to the Cou~t having jurisd.ct:on thereof 1or the appo~niment of a Recci~er, Suth Court shail
•'•,Y:i!h appo~nt a rece~ver of said mortgaged properly all and singular, irtdud~ng aiI and sinyu~ar the ir.come, pro4ds, issues ar,d revenues from vvhate~er
s.-c_• drr~ved, each and every of wte.cF,, n bcmg expressly ~nders~ood, is hereby mo.rgag_d as spec,ficalty se~ forrh and described in the g~anting and
_~;d~m cia~~ses F.er~of, and such Receiver shall have a(! fhe broad and ei;ective func!,onrand po:.ers in anyw~se entr~sted by a Co~rt to a Receiver, a~~d
s,r: 3rpointme:~t sh3it he made by such Court as an admettcd equity and a matter of absoi~te right !o sa~d h'~ORTGAGEE, and withcut referencC to N~e
~~_cy or inadaquac~ o+ thr va~ue o1 the property mortgaged or to the so:vency or inso'.vrncy of sa~d MOR(GAGOR o~ the defe>>dants, and that such
- ; Nrof:rs, inco,~e, iasues and revenues sha~i be applied by such Receiver auord~ng to the I~en or equ~ty of sa~d MORTGAGEE and the prachce of such
Court.
8. So du!y, prompt:y and ful!y per'orm, d~scharge, exec~te, effect, compiete, comply w~rh and abide by each and every the stipufations, agreemeNS,
~dit~„ns a~.d covenants ~n s~~d promissory note and th~s mortgage set forth.
9. That in the event the or:nership of the mortgaged prem~ses, ar any part lhereof, b=comes vested in a persan other than the MORTGAGOR, the
::~RTGAG'_E, its wccessors ar,d ass:gns. may, wEihout ne~~ce to the ~S10R7GApR, deal •.v~th s~ch s~ccesso~ or suc~essor m interesr w~rh reference to th~s
-_'gaye a~ d the d-bt hcreby secured in ihe same mann~~r as with f~lortgagor w~thovt in any way vit:ating or d~scha~g~n9 the 1~lortgagor3' tiabiiity here-
i:r ar uF:•un the d~::f h~•reu~ sewr~d. ~Jo sa:e of the pre•~:~ses h~reby mortgaged and no lorbearance on the part of the 'AORTGAGEE or its svccesso~s
~ss gns and no cx+_~~s~on o` rhe c.~,•,.= for the payme~~t of fhe debf hereby secured given by the L'IORTGAGEE o~ ~ts wccessors or ass:gns, a~~all operate
. re eese, d~scha•ge, modify chang~~ or affect ihe oriy~nal Iiao:l~ty of the MORTGAGOR herein, either in whole or in part.
10. It ~s speuf~c3u~ ag~eed T1131 t;me is of tn> essence of this contract and that no waiver of any ob~~gaf~on hereunder or of the obligation se-
._-~-d hereby sna;~ at ani tioie ~h~reaher be he:d to be a we~vcr of the terms hereof or of the instrument secured herby_
11. In :,d:i +:e.~ +o t1~~• forego nr~ ~no+~tn~y F~ay•n:nts of princ paI and ~nrerest required by the promsscry no'r s~cvred hereb~, mortgagor eovenants
~..,~r_•es to ray tc~ r:or~~ag~c v.;th each ~ncnrh'y Fa~~ ent an add.rie~al sum ezt,:e.ated b~r mortyagce to be eqvai to 1 12 of t:~e annual eost of the fol{ov.--
A-:,. r,al ~r.op~~~t; ta,c~s Ie:~ ~ or d55^55_C~ ag.}i•~st thc a6ove desc~ibed real estate.
E F; ~ s o~ i~re ar~d v:i;:dsto'~n msurarce as nere~n requ:~ed to be ca~r~.~d er the ~m;:roveme~ts s'tuate on the above d_scr~bed prem~ses_ -
C-P•,~• • s en ch ~+o~t~ ,ae guar~nty Ir.sura•:ce as mortyagee shall fia••~ r me to t~m~• deem frt to ca•ry on the loan sec~red hereby.
rf.orr_, ;~c `•c n n~~~ ro t:-~•e not~f~ mcrtysgcr ~n wrihng of the a~:~o~~t d~e and payable hereundrr and such su~~ sha!I tf~~reupon be due and
{ t,!e on r!:•, ~i;_- ci:~~r cf tt,~ :~~~.t n.onth.~ pay~r•cit and each successive month there~fter ur.ni mcrtgagee shatl not,fy n,ortga~or of a change in wch
f :nt. S~ch s.;~~~.s s:~~ i:e a•-• ~~d t~ mert a^ c toward the a ment of real ro ert tax-rs, inswante rem,~ms, and meit~ a c uarant ~nsurante
i rr v 9~=' P Y P F v P ~ 9' 9 Y
~ ~ _:~~.ivms.
t I'~ '::lT11ESS :':H=REQF, the sa~d MORTGAGOR has hereunto set his har.d and seal the day and year first afo.esa~d.
S:gned, Seated a^d ' ered i~ the presertce of: i~~ •
' • (Seal)
- - . ~
~ -(Seal)
1 -
- (Seat)
_ _ ~ - - (Seal)
: :?E OF fLORIDA ~
u.
_ ;u~~Tr oF _ St . Lucie I , -
~
Before me personally appeared _ GeTald Reidling •'~~"'i ant~
Miami Reidlin
_ his wife, to me wcll known an~.khown 1o~,9ne to. bd~
, lndiv;d~ais descriced in and who executed the foregoing instrument, and acknowledged before me that they executed the 3~me~ for~ ihe .~iwp6}~f
~
Miami Reidlin '
~ . -eln expressed. And the said_ 9 - --r•-- .LI
' r
Gerald Reidlin
~ of the sa~d _ 9 ~n aZepa~te a,d' ESri~4ita
..-n:na~~on by me ta~en separate and apart from her said husband, atknowledged to and before me ihat she executed said~sjrur~ t if~ely~nd voQun-
.
~ aed w~oho~t any cornru'sion, constrafnt, appre ns:on, or fear of w from said husband. ~ J / J
WITPiE55 my hand and official seal this_ . day of " ~Ct e ~ ` ~,Q~- tQ-~-
pC~ ~
r:: : ~ ' : r
Notary Pub:ic in d(o the 5 a e of Florida a Lary~,e.•` ~`1~ _
My Commission expire : ~ ~ '1 / ~ ~ ~ ~
Ref~m To: ~ J ~
First Federal Savings b Loan Assouat~on
O` iort P . -c.
fort P~~_~rc~, F!:;ricie A~O F,ECOR~EO
fIlEO .,4UMjY fll?- ~
St~ i106E r~+~~RAS '
• Ct.l1` COU~T G~
C~Ep ~r ~SF 1`_~?
This Instrument Prepared By John W. Collins Rf~^R • ~
First Federai 5avings & loan Association Mt'~ ~p 5? pK ~2
of Fort Pierce ~ Florida VV
Checked BY -~~1QK~o~ Pd~ V34 • •
,~39595
.i
~ ~ '~~~~-:~~.i