HomeMy WebLinkAbout0338 3. To p'ace and continuously Aecp on the bui'd~ngs now or he~eaiter aituate on sa~d land and on aU ~q.,~pment and personally toverod by this mor
aar. wi~h ail or~n~iums thrreon pa:d in fuil, tire iniurantc in the us~al standa+d poi~ty form, in a s~:m eHyrovcd by the h10R~v:.GEE, and w~nds~e
~nswanca in the usual s+~ndard po:.cy fo~m, in a w~n approved by the MORTGAGfE, m such con~p3~~y or tompan~es oa tf~r t:~v~~"v:.v::
d~~cu; and all fire ~~:d w~~dswrm insu~ance poi~c~~s ort any oi wid bui~d~ngs, any iNerest therein or ~ art thrreof, i~ the aggicg~te Sum a4oresa[d
in excrss ~h~~reof, shali confa~n ~he us~:.i s~ar.d~rd mO~t~agee clausa or such o~her c!ause as the Mortyagee niay requ.re, mal.mg tha ioss ~ndr~ a~~d po
c:es, ea:h a„d every, pa,a~'e to sa~d 4~JRiGAGEE as ~rs ~ntersr may appear, and each and every such po:.c~ sha~l be p~ompny ass g~~~d ~:~d de~~~ar~d :
any hrld by sa~d ir;ORiGAGtE as f~nh~~r s;turity ~o said mor~ga3e dcut, and, no~ less tt~an len {101 dats in ad-~~xe ol tne exp~rat~on of eacfi pol~ty, lo d~
I.ve~ to said A10RIG~GEE a re~~ivral lhcreof, together with a rete~pt for the pre~n~um oi suth rene.va:; and ~here s4,a;l be no fue or windstcrm ~nsuranc
p:aced on any of sa d bui!d~•,gs, any intr~es? therc:n or part thereof, un!rss in the (orm a~~d wiih the ~oss payoi;:e as aforesa~d; ~nd in ~he e.e~~t any sun
of ~noney ~eco~~~r: payat:e under s~ch poGcy or pol~cies s3fd MORTGAGEE shiU have ihe opf,on to rec~_~:< <,:.d ~pF~'y tl~e sa~ne on account oi thc indcbi~•d
n_•s: set~rrd he~eby or to pcrn~~ft sa~d ~AORTGAGORS ro rece~ve and use it or ~ny part ih~~:cof ior o:~~~• r~.u-~. ;s.•s, .~.i~,:,~.,t ~h.~•. or r._~,.~ i~ ar
~ng eny eq~~ty, i:~n or right ~nder or by virtue o1 this mc:tgagc; and in the event sa:d MORTGAGORS shn!! `.o* any rcason faii to k~~ep the sa~d premis:s so
~nsur~d, or fail to de!iver promNth~ any of said {:ol~t~es of inwran[e to sa~d MORiGAGfE, cr f~~: p:cn:ptly ro F,ay tu:(y any pr~~nwm the~etor or ~n any
cesp~~ct fail t0 perforni, d.sch,;~ge, e,.ewte, eSiec~, co~np!eta, co:nply wirh and ab~de by th~s covena:v, or any E:.,~~ h:reof, s.~~d 1JtGRTGAGEE may piace a+a
p3y for sach insur.,nce or any part the.eof w~thout waiving or affec~ing any option, iien, equ~ty, or n~hi u~:Jer or by v~rtue of this Mor~gage, and thc
i~:ll a~no~nt of each and e.ery such payment sh~ll be immediately due and payable ai:d shail 6ca~ interest from ~he d.,te thercof ~ntil p.,id at the rote oi
~•,r;e pvr cenf~rn per ,~~u~~.,~n an.l ;c~_•ih~r x~th such intr-~st shaii be srcurcd by the lien of thia mortgagc.
4. To permii, commit ot sufEcr no waste, impaitmanf Or deterioration o( Said property Or any part thertOf.
5. To pay all and singu•.ar the costs, charges and expenses, induding a reasonable attomey's fee and costs oi abstracts o( title, incurred or paid at
~ny tin:e by sa~d MORTGAGEE, because or in rhe eve~~t of thz fa~!ure on the par~ of the said MORiGAGUR to duiy, pro:npily and futly perform, d~scharge
~•_c~re, effect, comp:ete, co~r.p!y w~il~ a:~d ab.da by each a~d every the st~p~lat~ons, agrer~nenrs, tondii~ons, and co.e:~ants oi sa~d prar.r>sory note a~~d ~i~~s
orrgage any o~ enhe~, and s~ d costs, cha~ges and expenses, each and every, shatl be immed~ately due and payab;e; whether or net thrre be ~once da
r:.,•,d, atte~npr to collect or suit pand~ng; end the {ulf amoum oi each and every such payment shall bea~ int„rest frorn the dare thereof unril paid at the
- n~~~e p~•r c~~ncu~n ~-er ~n~~,, n; ~n:: aii said custs, ct:arges and expe~~ses incurred or poid, toyethcr ~v~th such ~nterest, shall be Setured by the i~en o4 th~f
n,ortgage.
6. That {a) in thr event of any breach of this Mortgage or defau:t on 1F~ pari of the MO~TGAGOR, or ;b) in the event any oi sa;d sums of money
t:~rcin referr_-d to be not pr,;:np~iy and lul~y paid within th~rty (30) days next aiter the sarne severa'.ty teco•;.e due and payabte, witho~t demand or nonce,
~r ~c) in th~~ erero each and evrry ~he stipu~at~ons, a3reemeNS, condrions and covenants ot sa d prorn~ssory note and th,s mortgage a~y or either are not
i~:y, pru~•~F;tiy and ~uliy performzd, d•scharged, exewted, ef.'ectrd, completed, compi~ed w~th and aL:d~d Sy, then ~n eaher or any wch event the said ag-
~~~gata s~•n rnenno~ied in sa~d pro~nizsory ncte ih~n re~naining unpa~d, with intere,t acuued, ond a:! mone~s secured hereby, shail bccume due and pay-
~o c forth.vrth. cr tF.erra`r~r, at ~he ou~~on of s~,~d MORTGAGEE, as fully and comp:etely as if a:t of N~c ss~d s~ms of money were onginally stlpu,ated
ro be pa.d on such d:~, anytiu~~g in s~ d pro:n,ssory note or in this 6lortgage to the contrary nor.~;itl~st;,nd .~g: and thereuF:on er thercaft~r at the opt;on of
.....,..-,.-~r .+.,...,..a i~,.. a...~n.. ~ti....,s..... N,...oah~r F~...,,,~, ~,a~ hP ~rosr•~uted as if all monevs secured herebv
r~._d matured pr~o~ 1G i~s in5l~t~t~on. ~
7. That in the e~ent that at the beg~nn~ng of or at any time pending any suit upon this Mortgage, or to foreciose it, or to reform it, or to enforce
~;ment of any ci~~~ns her~under, said h10R7GAGEE shall appty to the Court haviny ~uri5d.tt:on thrreot tor the apHantment of a Receiver, wch Covrt shaif
~hwi~h appoint a receiver of said mortgaged propcrty a~l and singular, includ,ng ail and sm~~',ar te~e ir.come, profits, iss~es and revenues from wh,~tever
;~-ce c3t~r~ved, e~th and every of whlch, it bemg exptes5ly undrrstood, is heteby mortgaged dS if Sp?c.fically Set 1orTh dr.d desCrib~t~ in the grannng a.^.c~
.~~~el~m c!auses hercof, and such Receiver :ha~l have all the broad and effettive fur.ct ons ar.d po:.rs in anyw~se entrus+ed by a~owt to a Receiver, a•~:d
s.t. nNpcintment sh;il be made by such Court as an adnitted equiiy and a matter of absowte r:ght to sa~d MORiGACiEE, ar.d wi:hout referrnce to the
: a,;ty or inadaq~acy of the vaiue of the property mortgaged or to the so.vency or inso•vency o( sa~d tdORiGAGOR or the defendants, and th;t such
•s profrts, income, issucs and revenues shai{ be appi~ed 'oy such Reteiver accord~ng to the lien or equity ot sa;d MORTGAGEE and the practicc of such
C~.J(i.
8. To du'y, prompt:y and fuNy perform, d~scharge, execute, effect, complete, comply wrth and abide by each and every the stipulations, ag.ee:nents,
; drt~ons and cotanants ~n ss~d promisso:y note and ths n:ortgage set forth.
9. That in tfie e~e,^t th: owr,rrsh:p of tF.~ mortgaged prem~ses: ar any part thereof, 6ecomes vested in a pe+son o1he~ than the MORTGAGOR, the
:"RiGAGfE, i!s s~ccessors and as=_ gns, n~ay, ~vi:hout notice to the h10RTGAOR, deal with such successor or successor in interest with reference to this
~~ga~e ard th~ drut h~r•:by secured in the same manr,er as with PSortgago~ w~ihput in any way vi:,atin~ Or d~schargi~:g the l.lortgagors tiability !xre-
i.•r or upo~ ~he d_i,t hc~eo{ s~cu:_d. No saie of the Frem~ses hereby mo~tgaged and no iorbea~aoce on the part oi the 1.10RTGAGEE or irs su:cessors
. ~s;._~~~s acd ~o exrens,on ut rhe ti:ne for the payment ot the debt h~reby secured grven by the MVKIGAC,tE or ~ts successors or ass~.gns, a~~~aii operaie
ro re•_ose. dscharge, mod~4y cha~.ge cr affect the or~g~na1 Ga~:iny of the MORTGAGOR herein, either in whole or in part.
10. It is spcc'icatiy ~:greed thet time is of the essence of this contract and that no waiver of any obl~ga~~on hereunder or of the obligation se-
c~ed here5y shaii at an f ib-ee ri~rrearter be he'd to be a wa~ver of the terms hereof or of the instrument srcured herby.
11. In .::i~+ t:o ;•o tt e fcrego -7 ~rontle!y payrncnts of pri:~c pal and interest requir~d by the prom.'sscry no~r s,cvrrd he~c•b„ mo:tgagor eovenants
i~arv~s tu pa, to a_~%e r. ~;h cacn r.~,omh'y pay~. ent an addriona! wm est~:~ ared b~ mortyagee to be equai to 1 12 of t;:e annuai cos: of the folio.v-
A-A!1 r_a~ ,:rup~ r ta, ,s ~evic : or assess~ ~ agai•,st thc above descri5ed real eztate.
i ~ .
6 F~ ,:,s c:~ f:.:• ~~,d ,:~ndsror~~, ~nsu~~rce as ne:e~n requ.red to be ca~ned on the :m; roveme~ts s.tuate on the above d~scr~bed prem~ses.
~ C- Pra • s c~~;:h xr~::g~ guarar;ty ir,vra~ ce as mcrtyagee shaii fro•r t rre to tur.e dcern fit to carry on the loan sec~rcd hereby.
f A'~ertg,a:._• s~~ ::'•c~n t~ to r~ ce nce:fl mertg.:yer m writ;ng of the amoent d~e and payable hereundar and svch s~~n shail tL•ercupwn be due and
j .,i>:c o~ th~ c.'.I~• c.~+~, oi ~h~ n~,at ~~~~o ~th:~ p;~•r.~nt and e.,ch success~ve Tonth thcreaft~r ur.ril mortgagee sha!! not;fy moc+yagor of a change in such
~ _r~. Such s~:ns s~ ar~ ~rd uy morrgag~_e ror.ard the paymeni of re~i property taaes, inwra~~ce p.•eni~~:ns, and mortyage guaranty inwrance
~
S : :.•~:~UR15.
~ I"J \:ITr1E~S .iti:R~OF, the sa~d MORTGAGCR has hereunto set h~s har,d and seaf the day and year firs faforesa;d. _
$igned, Sealed 'vered in the presence of: ~c-L6='
~ ~ - - (Seal)
_ _ ~L {Seal)
~ l-~i CG f~/ ($eal)
- - - (Seal)
~';.7E OF FLORIDA 1
St. Lucie ~
~U!JTY OF - 1
Befo~e me personally appeared . Cl.lftOll j.lOyC~ , _ and
_ _--____~dl~b~_ L.ZO~lC~___ his wife, to me wetl known and known to me to be
_ ind~vidua~s descr~bed in and who execut?d ih~ foregoing instrument, and acknowiedged before me that they exewted the same for the purposes
rt _-~in expressed. And the sa~d_ Mar ie . L.loyd _
`e of the sa~d CI lf t01'1 1..10)/C~ upon a sepa~ate and privare
•.~n~Inat~on by me Taw~n separare and apart from hrr said h~sband, acknowSedged to and before me that she executed sa~d instrument freely and volun-
~ a~:d ~~n.thout any co~~•.pu;s~on, conssra~nt, apprehens, n,~ fear of or from her said husband.
:YITtiESS my hand and ofF;c;a! sea; this__ day of ~ctober , A. D. 19 72
~ .
~ ~L _iA_ "~:l !1'r`--.
~ • Notary P c in and for the $tate of Fbrida at Large
• ..'JVIy Co " ssion expires: G~ / 97 S
Return To:
tdOTRRY P138! tC STATF OF F( nR!+~A PT 1 ARtit
F;rs~ Federal Sav~r,gs 3 loan Asso:iat~on . ~a. . IIIY CO!:'~:i,°,'•iOti EXPI:tFi CU3. 6, ]975
F o< QENERAL INSURANCE UNDERWRITERS. ING
Fcrr P,.rce. Fl,:,~d+ ' ` •
•5-, . ~ `
• ! -
This Instrument Prepared By Gary F. Ellwoo~,~ ~ ~ f~~EO e,N~ REOOR QEO
First Federal Savings & Loan Association r• ` ST.IUC~E COUMT'f F~~~
~ ~ itOG~R POITRAS ~
cf Fort Pierce , Fic~r ida ~ ' ~ ' t 4' " ` ' , ~WT COURT ',~j~j
CLfRK C'-•
~ ~ RECO?D ~=F`F~`•0....'..••~+..
Checked B L~ ~ ~ '
Y
~ ~t 10 IO 57 ~'TZ
~ ~~K Fa~~ 3~ ' 3959'7
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