HomeMy WebLinkAbout0336 3. To p:acc and cominuousiy kecp on the bvi:.l~n3s now o~ hereaftet aituate on sa~d land and on a!~ ~~q~ipma:nt and pe~sonally tovered by ihis mor
a9e, with all pren'~~w.~.s th~•rcon p~:d m fu!I, f~re insurance in the usual stendard po:ity fOrm, in a s~m 3E.pro.ed by iht f.,OR+v:.GEE, a~}d w~~~dsto
~nwrance ~n the uw~jl it3ndard po:.cy tonn, in a s~m eFp~o~rd by the MORTGAGEE, in such co~e~pany or eo:npan~es as ihr h~ORiGAGfE m
dlrect; and all ti:e aod w~nelsronn fnsu~ante poGc;es on any of sa~d build~~gs, any interest therain or part therrol, in the a99rcgafe su~n afores~~d
~n excess ~h~•reof, shati :o~,t,;~n the usw~ ssa"d,rd mor~q.3gae uause or such other clause as the Mo~ry~yee nay ~eq~.re, mai.ing tha ioss undz~ s.~~d po
: es, each and every, pa,.~~'r to sa~d .ti1JRiGAGEE as ~ts interst may appear, and each and eve~y such po.~c~ sha~i i~e pron,ptiy ass g~~od and de:~vared ~
eni hrld by s3~d A'.ORIG.AGcE as f~r~her s_•curify eo sa~d ~nongage d~bt, and, not Iess ~han ten (i0) d~~s ~n ~J.~~~ce of ihr expirat~e~ ef c~ch co;~cy. to d~
~er to sa~d LSORTG.ZGEE a rer.r:..,! theieof, togeiher wirF a rece~pt tor the pre~mum oi such ienewal; ,~id ~h_re shall ba no f~re o. ~v:~:ds+o•m insuranc
~~!.jced on any of sa;d b:,i!d~•i3s. any ~nrcrest there:n or part thereof, un!ess ~n the form ai~d w~th the ioss pay.,'a!e as aforesaid; and in the e~:ent any sun
of money brcomes pay..bte ~nd~r s~ch poi~cy or poi~c~es sa;J h1URTGAGEE shall have ~he op~~on to ~rc~_~ve ..nd ap;::y r~a same on accoum of the indrbtrd
~;~•ss sccuraci her~by or to perm:t vi~ IAI~RiGAlaORS to ~cCrive dnd uSe it Or any part the:eof to• o:~~~~.~r {.ur~i ;:5<~s. v..li~o~.t th:~~.:, •~~p,.~
~ng any equ~t~, lien o~ r~gfit und•~r Or by virtue oi ihis mo:tgage; nnd in the event Sa.d 141p~2T(iAGURS sh.i'I `.Or any rcason fa~l to keep thc sa~d p~ein~s_s so
:~,sur,.~d, or (a11 to d~'~ver pro~>>pt:y any of ;a~d poL•cies of insurance to sa;d MORTGAGfE, ot f~~! prwr.p!iy to f,ay tv:ty any pr~~~~~~,,m thervfor or in a::y
respec~ fail to perfo~rn, d~sch~r~e, exe;ute, e~T~ct, co~np:e~e, cornply with and a5ide by this cov~~an~, or any p..rt harea(, s~~~d MGR7; AGEE ~nay p~ace ~~o
Fa~ for such ]nsur.~r,ce or any part thercof w~thout waiving or affecting any option, lien, equny, o~ nght un;l_r o. by vi~tue of th~s hlortgagc, and thc
+,;;I a~r.e~nt of e~ch and e.ery s~ch pa~rr.rm shel~ be immediately d~e and payable and shall b~ar inte~~st from ihr date ther~of ur~ti! p.,~d at the rate ot
~e pa~ centu:n yrr a~.~.u r. o•~d tc}_~th,.•r v.~~h such in:~~;cst shaii x sewred by the tien of this mortgage.
d. To permir, co~r.:nit or s~{fer no waste, in:pair~nenr or deter~oration of said properry or any par! thareof.
5. To pay a!I a~u3~ s~ngular the costs, charg~s and expenses, inctud~ng a reasonabte a~torney's Fee and ccsrs of absfracts of title; inc~rred or paid ar
ti•ce by s~~d ~til~itt~GA(;`_E, because or in the event of the iaUure on tne pan of the said ~410RiGAGOR to duiy, pro~»ptly and fu:ly perlorm, d~scnarge.
cute, effect, co~~~p:_+e, co-n;:ly w~th and ab:ue by each and every the st~puiar~ons, agreements, cond~nons, and cuvenants of sa~d pro:~~:zsory nute a~.c3 th~s
_'~rrgage any or e~rher, ~:.d sa d costs, charyes a~~d expenses, each and every, shaN be imrnrdiatety d~e and payaL!e; whether or not thrre be notice d:>
r.~ :•~;l, attr~~ pt to to.:rcr or suit pr~~d~n9; and ~he fui! amouN of each and every such paymrM shall bea~ int•~res} from the date thereof until paid at the
n~ne p~ r c_~r~•n .::~d au s~~d costs, charges and ea;:~~nses ~rxurred or pa~d, toyeti~er x~th such ~nte:rst, shall ue secured by the lirn of th~~
rncrtgage.
6. That ;a) in the event of any breach o( th~s Mor!ga~e or defau~t on the part of the MORTGAGOit, or ;b) in the event any ot sa:d svms of money
I•~e~n refrrred to be ~,cr i.rc ~~p~:y and tu:ly F:a~d v:if}u~~ ih.*ty i30~ da,rs nex~ a~r~:r ihe sa~ne s_~re~a.:y L•_co;~,= due and payab~e, W1t~~JJ1 de~»and or no~~ce,
_',q in tha cvent rsch and everi ti~e stipulahons, agreements, cend~t~ons and covenants ot sad pro~nissory note a~~d th:s mortgage any or e~ther a~e not
i.,:y, pron~p~iy and t~~~y pertor:~i•;d, d.scharg=d, ex_cuted, effected, completed. comp:,ed v:ith and ab~d,d 5y, then in e~~her or any wch event the said ag-
~-~are sum menno:~ed ~n sa~d ~ror.~~ssory noie th~n re~naining ~nr~a~d, with inte~r,t acaued, and a~~ mon~ys sccured hereby, shail betome due and pay-
; re~fh.vith, or there~'~er, at ihe en~ion of s:+~d ti`o~tGaGEE, as fully and tomp?etely as ii ali of the sa~d s~~ns of money vicere or~gmaily st:pu~ated
!.c p.+~d On svch d.:y, enything in s.~ d Frem~ssory ncte or in this Alorfgd~e to th? conttary notfl~thst;,~~d::• ~ ai~d therC~~;`^^ ~ th.~roahrr at the opt~On O}
,~f ':,ORTGAGEE, wrtt,~ut not:;_• or den~+nd, su~t at law or in equdy, ~her¢fore or thereafrer begun, may be prosecuted as ~f all moneys secured herebv
r;t ~::~r~rcd pr.or to ~rs ~nst~t~>~on.
7. T1::,~ !n rl~e e~e::t ih.:+ ar the beyinn:ng of or at any time pend~ng any su~t upo~ rh~s fdortgaae, or to ferectose it, or to reform it, or to enforce
,,v:cn• oF anr c.~;:ns he~eun~'er, se~d :10RTG:.GEE sha" apply to the Lourt having ~~r~sd.ct:on the~ec:! 1or the ap~o:nrtneM of a Rece~vcr, wch Court shail
•4nv~rh apF: ~nt a r_cr~:er of s:id n:~rt_iay_•d prop~•rty aIl and singviar, inc;~d ng a41 an(/ Si~17J 3' t~ @ i^toine, F-oi~ts, issves and reven~es from whatever
s_•ce der~~ed. e;,ci, a+.d every of :,,t~,ch, r. be.ng ex~rrss'y understoeti, ~s h:ereby morrgaged as ~4 spec.;~calty set forih and descnbed in the granUng and
_ enJ;,rn c'avsus hrr_of, ar,d such Recei~er sha~i have aii the brcad and effec!ive funct.cns and Fo•.se-s ir. any~n~se entrvsted by a Co~rt to a Receiver, a~d
ar~;o~n:m.c:~t sh3i~ be ni~de by such Cou~t as an adnitted equity and 'a maner ef a5soiute r.ght ro said MORTGAGEE, and witnout ~eference to tt~e
.~.:,cy or insdenuacy of tt:e va;~e of thr propcrty mongaged or to the savency o~ ~nw.v~ncy of saEd MORiGAGOR or ~he deir=,danfs, and +h~t such
~s, Er.oti!s, incone, iss~es and revenue: sha~i be app{ied by suth Receiver ac:ord.ng to the iien or rquity of sa:d N10RTGAGEE and the pract~ce of such
C~ ~ri.
B. To du:y, pro~,Frly and (ul~y pqrform, d~z.harge, execvte, effeU, comptese, comply w~th and a6~de by each and every the st~pulations, agreements,
dit~cns and covenants ~n sa~d prom~ssury note and th~s morrgage srt forth.
9. That in the event the ownersh~p of the mortgaged prem~ses, or any parf thereof, 6ecomes vested in a pe~son ether than the MORiGAGOR, the
.,RTGAG:E, iss successo+s c~~d ass~gns, may, without notice to the ,110RTGAOR, deal w~it~ ~v.i~ ;u.ccssor or successor in interest with reference to this
~rya3e ard ~h. d_:.e h~reby SC:Vf2d in the same manrer as w~ih ldortgago. wrthout in any way vit:ating or d,schag~ng the fJlorfgagors' liab:i~ty herr
._r or up~on +he d~,bt i,_n;by s_cur,•d. Ne sa~e of the ~ren:ises hereby mongaged acd no forbearance on the parf of the I~10RiGAGEE or its successors
~ ass~~ ~s a~~d no ex<<~~~s:cn o` ~hc ti:-,e for the payment of the debt hereby secured oiven by the M~ORSGAGEE or its successors or assigns, a~~all operate
ro r,~e~se, d.scharge, r.~od:fy change or cffect the o~igma; IiaU.ilty of the h'ORiGAGOR herein, either in whole or in part.
10. ~t is s;:•_c f":__ ~;y r.~reed th3t t~~„e is of th~ essence of th;s tontra[t and that no waiver ot any obl;ga!ion hereunder or of the obligation se-
._•_•d hereby s~.a, ai an~ ti~~:e in~reatter b~ he!d to be a waivcr of the termS hercof o+ of the instr~mcro secured herby.
1 I. Iri ~•o !f.~ iorcqc ^:1 ~ncn•h'~ ~:aym^n!S of princ ~~a! and int~rest requi:ed by 1he prom sscry no~e se:vred hcreb~, mortga^yor eovenaNs
, i ag'ets to ;,:•h, r.,;'t~ ~~:-e ~.+~th ca~.h ~non~h~.y Fa~r.~anf an oUji'~JIIdV Svm esr..rat~d bf mortyagc'? fo be equal to 1 i2 of the annua{ cost of the fOlfo~'-
A A; ; rup~:~•; taa ~s : Ot d55c55_~~7 ay3i• s! thc acove desvibcd reat estate.
6(r , s c-~ f re and .v~;:dsto ~nsu~a~ ce as herein rcq~;red to be carried cn the ;m;:rovements s:tuate on the above d:sr.~bed premises.
C Pr_ ~ s o~ ~ch rr.ort~: ne guar,ar.ty ~r.su~a~.ce as mortgagee shall Irom. t rne to t~~ne ekem fit to carry on the loan secured hereb~.
•..o~+~,,7.:: s~ ~ `.rc n„_• ro t: ~.e net~f; :~,cn~ag::r ~n writ~ng of tne a~rou~t d~e and payable hereundar and wch s~•n shail the:cupon be due and
'I , i,;e o•, rh._ . ct th, n:•~t n~o~:th:; po~~~*-am a~~d e.:ch success~ve ~nonth tnereafter ur.ti~ mcrtqagee sha!! not~fy rr~o~tqayor of a change in wch
i .
I ,nt. S~ct~ ~ s s~ ! i~e ::;:~'~rci by mortya~.e to.v~rd the pa~ment of reaf property taxes, ~ns~rance pren:.u:ns, and morigage guaraniy inwrance
~ - _~r-~iu~ns. ,
f fN `:dIINc~~ :•dNER_OF, the sa MORTGAGOR has hereunto set his ha~:d and seal the day ar.d year first aforesaid.
S d, e d de?iv d in 1 presence of: ~ .
- - - ~ ~ ~ (Sea1)
. $e .G. htoorman ~~ai~
- ' ; -
~ i"" _ /
..L~--L.Z - _ _ • - ~ .~r-y , . (Seal)
~ _ Diane K. Moorman ~~a~~
~ - - - - -
: =.iE OF FIORIDA 1
St. Lucie ~
;..;'JTY OF - ~
Befo~e me personalfy ap~eared Joseph G. Moorman and
iane K. Moorman
his wife, to me well known and`~wpwn to me to be
fnu~viduais descriE: ~ in and who exec~ted the foregoing instrument, and acknowledged before me Ihat they executed the's3m~for the purposes
•e n exp~essed. And the :~~d _ _ Diane l~toorman _
ose h G Moorman `
r of tF,A sa.d _ J. _ s •upsn. ~ sepyEte and private
.~~~i:nar on by me te4~~n s^parate a~zd apart frcm her said husband, acknowledged to and before me that she executed said ieetrumerll,~'~Qe~¢ and voti~o-
~ a~:d v~ !hout a~~y cc~:;ru~SiGn, co:~s~raint, apprehens~on, or fear of or from her said husband. :
~ tYtT~.E55 mr hand and offic~al seal this_ day of'~ ~tober ,.••A~:;19 72
( ~ r I ~^r.~~. ~,a.
^ . I ~ r ~ V "
~ Y, ~ f ~ ) J ' ~ 1 ~ Y~
( / ~ _ .
~ Notary Publrc in and for t~ae. .tafe }}flDr(~l~Mt'L~gJ
~ My Comm~ssion expires: - .a :
~ ~ ' -
Rerurn To: ,~JiARY ~UB1~ti,'S1~A~ ot FLORIDA at IARGE
Fust Fede~al Saviz,gs 8 loan Associot:on MY COM~AISSION EXPIRES S'PT. 25, 1975
~ o+ Bonded By American Bankers~lnsurance :.o.
fort F~_.rc<•. f;;ri.;e
~ i
f lEe ANQ aEC~R0E0
This Instrument Prepared By: J. H. RobeYts~ Jr. ~OUM Y FlA.
First Federal Savings & loan Association s~' ap~ER P41TaA5 L
- of Fort Pierce ~ Florida ~~fRK G'.i~~~~~ ~OURT
7 ~ RECORr VrF1F1E0
Checked BY``.~-- - - --$8~3K ~ ( ~f H ~~Z
QCI 10 57 A
2395~6
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