HomeMy WebLinkAbout1108 3. To p!ace and cominuously leep on the bu"rd~n~s now or herrafrer ~situate on said land and on ~C equip~nem and personally covered by this mo~
a9e, w;th a!! p~e~~ivms thereon pa d in 1ull, fne insura~ce m the usuaf stanJard po':cy form, in a su~n aHpioved by ~hc MORiGAGEE, and windi~o
;nwrance in'the u:ual standard pot.cy form, in a sum approved by the MORTGAGEE, io such tornpany or compan~es as the 6t0~1GAGEE m
d~rect; and aft fire ar.d w~ndsrorm insurarece pe;;c~es on any oi sa~d build,ngs, any interest therein or part th~rrol, in the aggicgs~e wm aioresa~d
ir, eacess Ihereof, sha~l :ont~in the us~al sto~:dard mortgagee dause or such other ciause aa the i~wctyaycc ,y ee~~.,re, making Ihe ioss undar s3~d po
c~es, each and eve~y, payab'e ?o sa~d h10RTGAGEE as ~ts imerzst may appear, and each and every such pouc/ sha11 i~r promNtiy ass gnrd and de~iv~red ~
anr held by s3~d 1~ZORIGAGEE as furthar s:curity io sa~d n,ortgage daot, and, not less than ten (101 days ir~ aJv~nce of the expira+lon o~ cach pof~cy, to d~
I~ver to said MORiGAvEE a rtnewal tt~creof, toge~har vvith a rece~pt fo+ the premium of such renev.al; a~id thrre strall be no i:re or w~ndste~~n insuranc
placed on any of sa~d bvi!d~ngs, any interest there~n or par~ the~eof, unless in fhe fo~m and w~th the loss payab!e ai a4cresaid; and ~n the event any sun
of money becomea payable under wch po~icy or policies said MORTGAGEE sfiall have tha opt~on tp reccive .~nd apN!y tha aame on actount o( the inJrbtrd
ncss sec~red hereuy or to permit sa~d fBURTGAGORS ro receive and use it or any p~:rt thr:~of tor oci,_•r ~,~r, ~ers. :~,~i~~•,t thr~ u: .~::i.i ~g cr ~•~~p.:~~
;ng any Qqu~ty, lien or r~ght urtdar or uy virtue o+ :his n~c:tgage; artd in the event sa d MORTGAGORS shafl Eor any reason fait to keep the said premises so
~nsured, or fail to de!~rcr prornptly any Of said pol;ues of insurance to sa~d MORiGAGEE, or fai'. pronip't!y to pay lu~ty any pr•~nium thrreior or in a~y
resp~ct fail ro Ferfarm, d~sth~rge, execut~, effecl, tomp!ete, co~nply with and abide by th~s covenant, o~ any part haicof, said MORivAG'_E may piaR~ a•d
pny for such tnwr.,nce or any part th~reof w~ihoW waiving or affecting any option, lien, equny, or r~~ht ~ndcr or by virtue oi thls Mortgage, and ~6c
full amount of each and ecery such payment shatl be ~mmediatcly due and payable and shalt bear interest from th~ data thereof until p.,~d at the rate o1
•une per cent~m per annum anJ to3_-thcr •aith such in!u:est shai~ be secured by the lien of this mortgage.
d. Tc permit, commit or wffer no waste, impairment o~ deterioration of sa~d property or any part thereof.
5. Tu pay all ar.d singular the costs, charges and eapenses, induding a reasonable attarney's fee and costs of abstracts of title, ertcuned or pa~d at
any ti~r;c by s~~d h10R1GAG:E, because or in the ever.t ai the failure on the part of the said MORTGAGOR to duly, promptly and fu~ly parfonn, d~scharqe,
~¦e;uta, effeU, compfete, co~nply w~th and ab.de by each and every ~he stipu~ai~ons, agreemeros, cond~tions, and covenants oi sa~d p~omfssory note and th~s
any or e,rher, and s~:d costs, cha~ges and expenses, each and every, shall be immrdiately due and payabte; whe~her or na there be ~once dr
rr„nd, alte:n,,t te co;irct or suit per,d~ng; and the full amoun? oi eath a~d every such paymem sh~ll bear imeret~ from the date thereof untit paid at the
~~re o• „uie per c~~:~~u~n Ecr an~~u:n; nnd aii saiJ costt, ch;arges a:~d cx;;enses irxu~red or paid, ~oyether ~v~th such interest, shall be secu~ed by the iien of thif
mortgage.
6. That ja) in the event of my breach of this Mortgage or default on th~ part of the MORiGAGOR, or' ib) in the eveM any of sa:d sums of money
here~n re~err.d to not prompNy and fully pa~d ~wthin ih.rty (30! days next aft•.r the sarne severa':y beco,ne due and payable, witho~r demand o~ norite,
or (c) in tha event each and every ti~e stipu~atio~s, agreemenes, cord,sio~~s and covenants of sa.d promissory note and th~s mortgage any o~ eithet are not
i~!y, promptly and I~~iy parior~ned, dscharg~d,-ezecured, e~fected, completed, compl~ed wish and a6~ded Sy, then in eaher or any such event ~he sa~d ag•
g•~
~jata s~n: mentio~:ed in sa~d pro~n~ssory notr then rema~ninq unpaid, with interest accrued, and ail mor~eys setured hereby, shall become due and pay
aae forrh.vith, or rhe~ca!ter, at the op!+cn of s~~d h10RTGAGEE, a: fuiiy and comp;etely as i1 a~~ of the sa~d sums of money were or;gina;ly st!pu~ated
,o tn pa.d on svch day, anything ~n sa.d prom~ssory note or in this blortgage to the connary not~,;thstand:ng; a~~d ~hcre~pon or the~eafrer at the ep~.on of
~.;1 ~dORTGAGEE, v~vtho~t non~e or demand, suit at law or in equAy, therefore or thereai~er be9un, may be prosecuted as if all moneys secured hereby
r.-:d matured pr~or to ~ts i~sh:utron.
7. That in the event ~h.,t at the beginning of o: at any fime pending any suit cpon this Mortgage, or to foreclose i`, or to refo.m it, or to enforce
i.~yment of any c~a~~~;s he.e.,nd~•r, sa(d f:tORTGi+Gcf shall apply to the Co~r~ haviny ryrisd:ttion th~•r_~of for the appohvment of a Recerver, such tourt shai{
fc;rhwith apF~c~nt a rrce~:er of sa~d ~T,o~rya9~d P~oper~y ali and singuiar, indudng aIl and s~n9u~ar the income, prof~ts, issves and revenues irom whatever
s; ,rce dc~iv~~d, each an~l every of wh:ch, 1r be~ng expressly unde~srood, is F.ereby mortgaged as if speo(~ca71y set fo~th and described in the graroing and
h.:::end~m c!auses her~~oi, and such Recei~er sha~i have all the broad ar.d effect~ve f~nct~ons and powers in anyw~se emrvsted by a Cou.t to a Recriver, a~id
s. ch appointment shall ix rt;ade by s~ch Court as an ad tiitted rGv~ty snd a matter of absolute right ro sa~d MuRTGAGEE, and without reFerente to the
ad~~quscy or inadequar~ of the vatve of the property mortgaged o~ to the so~vency or inso!vency of said 1.10R[GAGOR or the de'e~~dants, and that such
rr~~~s. profin, inco,ne, isw~s and revenues shatl be applied by such Rece~ver accord~ng io the Iden or equity of said MGRTGAGEE and the practice of such
Court.
B. To d~!y, prompt;y and fully perform, dis:harge, execure, eFfect, complete, comply w;~h and abide by each and every the stipulations, agree~nents,
conditions and covenants ~n sa~d promissory note and th~s mortgage set forth.
9. That in thc event thc ownership of the morlgaged premises, or any part thcreof, 6ecomps vested in a person other than the MORTvAGOR, the
'l.ORTGAG~E, irs successors and ass~gns, may, wirhout no~~ce to the AtORTGAOR, dear wirh such successor or wccessor in interest ~vith reFe~ence to this
R ortgagr and rhe debt hereby secured in the same manner as with I1lortgagor without in any way vit;ating or d~stharging the /dortgagors' liabitity hEre-
under or upon the debt here6~ sewred. No sa:e of the premises hcreby mortgaged and no forbearen~e on the part oF the IAORIGAGEf o~ its successors
or assigns a„d no exte~,sion of the time for the payTenx (,f rhv dPht h~reby secvred qiven by the ~dORTGAGEE or its successors or ass~qns, a~iall operate
ro re~ease, d.scharge, mod~fy change or atfetl the origmal liability of the /~ORTGAGOR herein, either in whole or in part_
10. It is speu4ical~•y agreed that time is of the esse~ce uf this contract and that no waiver of any obfigat~on hereunder or of the obtigation se-
cured hereby shal~ at ai:~ tir.:e ~hereafter be hc!d to be a waiver of the terms heieof or of the instrument secured herby.
11. in .::id.t:o~~ !o ih< torcqo~„} rnonth'y payrnen!s of pri;x pa1 and interest requ~red by the p~onrsscry no!e s~cured hereb~, mortgagor eOVenani5
d agrces to pay to n~c-t~:~y_c v.~th each ~nonrh'y Nay~..ent an odd:rional sum est,n,.ated by mortgagee to be eq~ai to 1 12 oi the annu~! cost of the fotfpw-
3;
)
A-Al! rcal p;rep•~rty tax~s !e•.iac'. or assess~~ci agai•ist the above describcd real estata. ;
6 Fr :~s on f~.~~ ar,d ..;~:duorn. ~nsuraxe a, ~..::c,n .rca to 6a ~a~~~~•~ ~he [m:;roveme~ts s~tuate on th~ abovc d_su~bed premises.
C-Pre~niuv s o~i sech ~r.o~t~-~ge guaranty inwrar ce as mortgagee shail frorn t me to time deem fit to carry on the (oan secured hereby.
Morrgagee s~~aJ from *~~~,a to t~me nos~fy monyagor m writir~g of the a-*,ov~t due and payabte hereundrr and svch su:n shali thereupon be dua and
;~;~b~e on rh~~ dve ra•_ o; rh_ n.~.r n:onth:y pJ~rn~~n~ a»d each successive month thereafr~r w:til mortgagee shafl notrfy mortg~~~r of a change in-wch
~~'~'j. '~~-'C ~t'F' ~r ~T~Oltg3c>'_C to:vard the payment of real property taxes, insurance prem.ums, and mortgage guaranty insurance
E~ril1UT5.
IN :11TiJE5S '.~HEREOF, fhe sa~~ MORTGAGCR has hereunto set his hand and seal the day and e r first aforesaid,
Signed, Sealed and detivered ~n the presence of: '
j~~ - - ` (Seat}
~=L~~fG~--~°'`~1- -1~f n't (Seaq
.
- ~4-~1/<g~- ~~-~~t2~ . ' (Seal)
~
- - - /h~ ~-s, . (SeaD
~
, SiATE OF FLORIDA ~
SS.
COU!JTY OF ~ ~t. Lucie ~
8efore me personally appeared Donald E. ~11 and
~ Mar aret W.
I - g ~11 his wife, to me well known and known to me to be
'I the ind~viduafs described in and who executed the foregoiny instrumen~~and acknowledged before me that they exew~ed the same for the purposes
the+ein expressed. And the said_ ~rga2'CL Tl'~• ~1y
Donald E. Be
x~fe of the sald _ , upon a sepa~ate and F:~vate
eaam~na!~on by me tak~n seFarete and apart from her said husband, atknowledged to a~d beiore me that she executed said instrument freely and vo~un-
rar:Iy and w~thout any compulsion, constraint, apprehens~on, or fear of or from t~e~ said husband.
WITNESS my hand and offiual seal this_ - ~ day a? _October A. D. 19 72
~ ~
-LN~ota~ c irt and
fo~ate of Florida et Large
My Commission expires:
Rctum To:
First Federal Savings d. Loan Association , t~,~ ~r.,~ 9
i~i~~~ ~e~ , ~.e c} F, a at lar e
~ oi Fo,r V:. rc:~. ~ ;
, . " .'.S , 19~~
. Fort Picrce. Fi.~rid.+ - . . _
j fItEO aK0 RECOROfD -
ST. IUCIE GOU?1TY flA.
~ This Instrument Prepared By John ~tl. Collins ROCEP ~~~jRAS ~~<<s«~~~~"~j~,,, ~
First Fede~al Savings & Loan Association CtERK C; ~c COURtm~ ~"Y F~,
of Fort Pierce ~ Florida RECOR(? Y~ F; D.-~'••° y=- G•~.•°'...,,,. ,:~J~•
~ ~T $ 57 AN'~Z _ : . j. -
' : u
Ct~ecked 8y ' • ` f :
- cn : _
o k 24i3113 : ~ L ~
bOGh PAC~t `
c~~~ y ~ ' 1
, ~
~ ~ :
~ .
. t.~
'=4 -
_s,. <
~,S..~i..:.` ' A