HomeMy WebLinkAbout1017 3. To pi~ce and contlnuousiy keep on ihe bu~'d~ngs now or hereafter ~itvate on s~~d land arzd on a!1 eq~ip:nent and personally covered by fh3s mor
ege, w~th al: prem;un,s th~reon pa:d in luit, fire insurancc ~n thc ~sual staiulaid po!~cy form, in a s~m a{.pro+Ed by rhe MOR~GAGEf, and w~nds~o
insurance in tha u~~al sr3nd.~rd po:,cy fo~,n, in a sum approved by ihe h10RTGAGEE, in such compa~~y or co~npan:es as the h10RiGAGEE m
dnect; and all lire and w~nd~torm msutante po~~uis on any ot sa~d build~ng=, any interest therein ~r part thcreof, in ~he aggr.•ga~e wm aforesaid
in excess thrreof, shall ;onf.,in the ~swl sta~:dord ~norigjgee dause or wch othe~ dause as 1ha Monyagee may requ~re, rt~aking the ~oss under sa~d po
c~es, each and every, pay.,b'e to sa~d 5~WR7GAGEE ae ~ts int,.~rrst may appear, and each and every svch po~~cy sbaN be promptiy ass gned o~~d deliv~red ~
any held by sald h10RlGAGEE as iunh;:r security to sa:d mortgage debt, and, rto! iess than ten (t01 days ir~ adrance of the exp'uat~on of each poGCy, to d.
l~ver io sa~d MORTGAGEF a renewal thereof, toge~het with a rece~pt tot the premium of such renewa!; and thare s~~eN be no f~re or w~ndswr~n ins~ranc
p~aced a~ any of sa~d b~~idl,.gs, any int~~resf ~here~n o: part thereof, urtess in the fo~m m,d w~~h the loss payable as atoresaid; and in the event any sun
of money beco:nes p~yab~e ~ndrr s~ch policy or pohuas said MORTGAGEE shal~ have the opt~on to recai.c ~nd app!y the san,e on account of the iud~bt~~d
ness secured her~~by or to permit Sa~d IAORTGAGORS to reCrive antj use it p any part th•~reOf ic~ o~i~•.r Hw; ~ses, .r;ih~,;t t1u•. a: ~:,r=i ~r rnp..~r
ing any equ~fy, lien or right und~r or by virtue of this mortgage; and in Ihe event sa(d MORTGAGORS sha'1 for any reason fai! lo keep the said premisas so
rnsu~ed, oi fail to (IC~W9l promptly any oi sa~d pofcies of insurance to sa~d MORTGAGEE, or fo~i p:omptty to pay fully any p~e~n~u~n the~efo~ or in a~y
respett fail to perform, disch~rge, exetute, Clfetl, comp~etc, tomply with ant~ abide by ~his cove~ant, or any part hareof, S~id MGRTvAGfE may pidte a•zd
pay for such inwr.,nce or any part thereof w~rhouf waiving or affeding any oprion, lien, equ~ty, or nght under or by virtue of this Mortgage, and thc
full amount of each and every such paymem shall be ~mmediately due and payable and shail bear interost from the date thereof until p~id at the rate ot
n~ne per centurn per annu:~ anc~ to~rtn~•r K'Ilfl su~n u~.e~e~~ a+~o~~ f..,.
d. To permit, commit or suf(er no waste, impairment or deterioration of said preperly or any part thereof.
5. To pay a!! and singuiar the costs, charges and expe»ses, ~ncluding a reasonable attorney's fee and cos~s of abstracts of t~tl?, incurred o~ paid at
,~y tin:e oy s~id MORfGAG~E, because or in the event of she fa~lure on ~he part of the said MORTGAGOR to duly, promptly and f~Ily perlorm, d~scharge.
cute, effeu, cemp;ete, cc~nply wnh and ab de by each and every the stipulat~ons, agree~*vrnrs, condirrons, and covenanu of sa~d promi;sory note and th~s
~~orrgoge any or e~~her, and sa:d cosrs, charges and expenses, each and every, shall be immed~atety due and payabie; wh._•tiier or not there be nor;ce d~
mand, attempt to to;lect or s~it pe+~d~ng; a~d the (u11 amount of each and every svch payment shall brar interest from the dare thereof until paid at the
~.•re oi ~~lne per cer:rurn pcr ~n:>~:n; ~n~ vl~ sa~d cos~s, chargez and expei~ses incurred or paid, tog~thrr ~v,th wch interest, shall be secured by the I~en of 1h~e
mortgage.
6. That (a) in the event of any breach of ~his Mortgage or default on tFw part of the AtORTG~IGOR, or ;b} in tRe evenf any of sa:d sums ot money
f~erein referred to be not pron,NNy and fu17~ paid wirhin th,rty (30) days r~ext a'.t•_r the same se:era'ly become due and payab!e, without demand o? norice,
or (c) in the event each and ever~ ~he sfipu:ations, agreements, cor.d~tions and tovenants o! sa d pro~»issory ~ote and th~s mortgage any or either are ~ot
iu:y, promptly and iully performed, d:schary•_d, executed, eifected, compteted, compi~ed with ar.d ab~ded Sy, then in e+iher or any such eveM Ihe said ag
gregate sum mem~oned in said prom~ssory ~ote then remaining unpald, with interr;t acceued, and ati mor.cys secured hereby, shall becvmr due and pay
a~ c forthwith, or thereaf~er, at the opr;on of sa~d MORTGAGEE, as fulty and comp;etety as if alt of the s~id wms oi money we~e ag~naNy stipu:ated
ro be pa;d on svch day, ar~ything in sa.d promissory note or in this Mortgage to the conTrary ~ot„v~~hst:,nd~~~g; and ~hereupon or thereafter at the opi~on of
s~ d MORTGAGEE, without nonce o. demand, svit at iaw or in equity, therefore or thereafter brgun, may be prosecuted as if all moneys secured hereby
n~d matured pnor to ns institvt~on. „ .
7. Ihat (n the e~e:~t that at rhe heginn'rtg ef or at any time , ending any su~t uE+on this Mortgege, or tv foreclose it, or to re~orm it, or lo enforce
pryment of any t!a~ms hereunder, said MOR~GAGfF shat! apply to the Court fiavii~g ~unsd~ct~on the~et~t for tfie appointment of a Receiver, wch Co~rt stiail
fcrfhwith appo~m a rece~vei of said morrgaged property all and singutar, in~(vdng att and s~~~guiar the income, protns, its~es and ~evenues from wbatever
s= wce der:ved, each and every of wh:ch, it be~ng express!y unde~s!ood, is hereby mor~ga9ed as if speG~icaily set_ foph and described in the g~anting and ;
h~uendum dauses hereof, ar.d scch Receiver shall have all the broad and eff~elve fuikt.orn ant! po.vers in any.w~se ent~usted by a Court to a Receiver, and
s_ch appointment sheit be made by such Court as an ad~n;tted eq~ity and a matter of absoiut~ r~gM to said MORTGAGEE, and wifhout reference ro tne
e~+_qv,cy o~ inadeq~acy of the va'oe of the property mortgaged or to the so.venty o~ ~nsav~ncy of sa~d MORTGAGOR or the defendants, aad ~hat such ?
r_•-~rs, profits, income, issues and revenues s6ait be appiied by such Recriver accord~~sg ro the tien or equiry of sard MORiGAGEf a»d the practice of such
Court.
8. To du'y, prompt'y and fulty perform, d~scharge, ezecute, effect, compiete, can,ply with and abide by each and every the slipulations, agreements,
conditions and covenants ~n sa~d promissory note and this mortgage set fwth.
9_ Thaf in the evem the ewnershtp of the mortgaged premises, or any part thereof, becomes vested in a person other tAan the MQRTGAGOR, the
.'ORTGAGEE, its successors and ass~gns, may, w;thout no~ice to the ~\SORTGAOR, deal with such s~ccessor or wccessor in interest ~vith referente to this
^ o~tgage ar.d the d_ut hereby secured in the same manner as with hlorrgagor withovt in a~y way vitiating or d~scharging the lrlortgagors' liabiiity here-
~er or upo~ rhe d~br herro~ secured. No sa!z of the prem~ses h_reby mortgaged and oo fortearance on the part of the GAORTGAGEE or ns successors
or assions and no eate^slon of the timr for the payment of the debt hereby secwed given by t6e MORTGAGEE or its successors or assigns, al~all operate
ro re~ease, d~scharge, mod~fy change or affect the orig;na! fiao~tity of the MORTGAGOR herein, e~the~ in whole or en pa~).
t0. It is spedfi:a!b~ agreed thar t~me is of the essertce of this cont~aU and that no waiver oi any obl~gat~on hereunder or ot the obl~gatwn se-
cured hereby shal~ at any time thereafter be hefd to be a waiver of the terms hereof or of the instrument secured hQrby.
I 1. tn a:id r~c ~•o the foregc ng r.~onth!y payments of prir.c pal and interes+ requ~red by the prom'ssory no•c sewred hereby, mortga~or tovenants
d agrees ro pay to n:crrg3yce ~nrth each ~,~oml,'y Nar~.:e~~t an add~rional sum ez!:rnated by mortgagee to be eyuai fo 1)2 of the a»n~a~ cost of the follow-
' i
A-A!I r~~al prop^rty t;xas lev~_~ or ass•>sseti agai•ist th~ aoove desvibrd r:•al es!ate. ~
6- Pr~•r, nz o~ f~.e ar.d wir.dsto~m ~nsur3rce as ne:e~n requeed ro be carried on the ~mproveme~ts s~tuate on the above dascribed premises.
C-Pre,n;ums on such mortg,ge guarant~ icsurar.~e as mortgagee shaff frem Cme ro t;~ne deem fit !o carry on the loan secured he~eby.
hlortgaqee sti-~! f~cm time to tir:e notiil mortyagor,in writing of the a~r.ou~t due and payable hereunder and such su~~ Shall thereupon be tlue and
,~.ab!e on thr du~ da!e of ~h> n•.,ct n.o~th:~ payment and each successive month thereahcr until mortgagee shall notify mortgagor of a change in such
~ ~vnt. Such sams sha:i be ap{~ :ed by mortgag~.e toward the payment of rea! property laxes, insu~a:ue prem:ums, and mortgage guaranty insurance
• •rmiums.
IN \'~ITP~ESS ':;H~REOf, the said MORTGAGCR has hereunto set his hand and sea! the day and year first aforesaid.
~~5' ned, Sea:ed and etivered in the presence of: •
~
' (Seal)
~ ~ ~ - ~ Robert L ons
(Seal)
~ ~~u-' (Seal)
Mary Lyon cseaq
S~ATE Of ftORfDA ~
St . Lucie
~OU'JTY Of , _ ~
Before me personally appeared _ ROl~el t LVOfIS and
Mary I-. L.VOIIS his wife, to me well known and known to me to be
rh~ ind;viduals described in and who exec~ted the foregoing instrument, and ackr.owtedged before me that they executed the same for the purposes
tn~rein expreised. And the said__.. M3Yy L• Lyons ~~~"~~~1~~~
.~+~~e of the sa~d Robert Lyons ___,~~~•p~y,y~arate and private
e,omtnat~on by me taRen separate and apart from her said husband, acknow(edged to and before me that stie ezecuted.said insflvmerR freely and volum
f~-ry and w;thovt any compu~sion, constra~nt, apprehens;on, or fear of or from her said husband. 1 g r 1'•~
WITNESS my hand and off~cial seal rh~:_ 13th day of - • 'A. D: 1972
~ v~v
~~Q ~7' l. ~
Notary Public in and for ~ ta~ o~F~p 'da.at~l rge
My Commission expires: . .
Retu:n To: YOT~R7~17Bi.~6;~ ot•FLORIDA 2t LARGE
First Federal Savings 3 Loan Association ~jy :'•.;;~~!~+W ~(p~RES $EPT. 25, 1975
Of Fo~t P c-ce. _.:y A.rtEC~CdR B.:nkers tr.~;:rcr.ce
Fort P~. rcc, FforiJa
~RECO~oEO
f `EO ~M~ Mt'J f~~.
c0u
This Instrument Pre ared B s~a~+f ~ pi1~ ~ ~Rt ~
First Federal Savings & loan Associat on n W. Collins ~LER y~~,;f1E~
of Fort Pierce , Florida a«%~f'~' ~~7~
n~ ~ ~e ~ ~
Checked By ` W` OA~
o R z4a `3 ;
~oaK 207 P~~10~'7
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