HomeMy WebLinkAbout2342 3. To place and continuously keep on the bui:dings now o~ hereafte~ situate on said land and on ali equipmenf and personally covered by this mw
age, with all piemiums ~hereon pa~d in fuil, tire ~ns~rance in the usual standard poGcy form, in a swn aHproved by tne MORIGAGEE, a~~d windsto
;nsurance in the ~sual srandard po~•cy forrn, in a sum approved 6y ~he MORTGAGEE, in such ce~npany or :ompanies as the htORiGAGEE m
d~rec~; and all iire and w~nJstorm inswante po~iciea on any of said buildings, any interest therein or pa~1 thereof, in the aggregate sum ~foresaid
in excess Ihereof, shall contain the usual sta~idard morrgagee clause or such other clause ai the Mertyagee may requ~re, making the Ioss unJer sa~d po
c~es, each and every, payable to said h10RTGAGEE as ~ts interest may appear, and tach and eve~y svch po:~t/ sholl be pron~ptly ass gncd and de~ivered ~
any held by sa~d MORTGAGEE as further secu:ity to said n~ortgage debt, and, ~ot less than ten ~SO) days in adlar,:e of the expiration of each potity, to d~
fver to said MORTGAGEE a re~ewal thereof, together with a rece~pt ior the premium oi such renewal; and thcre shatl be no i~re or windsto~~n insuranc ~
placed on any of said buildmgs, any intcrest therein or part thereof, unless ~n the form and with the toss payabte as aforesaid; a~d in the event any sun +
of money becomes payable under wch po~icy or pc+Gcies said MORTGAGEE sha~t have the option ro rev:~vr .~~~d apN!y thN same on account of the indebted i
ness secured hereby or to per.~iit sa~d MORTGAGOR$ to reteive and use it a any part thercof for o:n••r i.~~: os~s, v~~~iio~t tfi_noi w.:~~~.~~ cr unp~u i
~~g any equ~ty, lien o~ rigfit under or by virtue of this mor!gage; and in 1he event sa;d MORTGAGORS sha!1 .`or any ~eason fail fo keep the said premises so ~
ins~red, or fail to deliver promptly any of said policies of in~urance to said MORTGAGEE, or fai! promptly to pay fuily any pre~~uurn therefor w in a~y ~
respect fail to perForm, d~scha~9e, execute, effect, complete, comply with and abida by lhis covenant, or any part hareof, said MGRTGAGEE may p~ace antl i
pay for such insurance or any part thereof without waiving or affecti~y any option, lien, equity, or righ~ under or by virtue of this Morrgage, and the ~
full amo~nt of each and every such payment shall be immediatefy due and payable and shall bear interest from the date thereof until paid at the rate ol
n;ne per cenrum pe~ annum and to7ether with suth interest shaii tx srcured by the lien of this mortgage.
d. To permit, commif w suffer no waste, impairment or deterioration of said property or any part thereof.
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5. To pay a!I and singular the costs, charges and expe~ses, including a reasonable attorney's fee and costs of abstracts of titte, incurred or paid at
any time by said MORTGAG:E, because or in the event of the failure on the part of the said MORTGAGOR ~o duly, promptly and fully p:rform, d~scharge
:xecute, effeu, compleTe, comply w~th and ab;de by each and every the stipulations, agreements, conditions, and covenants o1 sa~d promissory note and this
:,,ortgage any or e~ther, and said costs, charges and ezpenses, each and every, shall be immediate~y due and payable; wl~ether w not there be nat~ce dr
mand, attempt to collect or suit pendmg; and the ~ul) amount of each and every such payment shall bea. in~erest from the date thereof umil paid at the •
..,rz o~ nine per centum per an~w:n; and all sa~d costs, chargrs and expenses inturred or paid, together w~th such interest, shall be secured by the lien of this i
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mortgage.
6. That (a) in the event of any breach of this Mortgage or default on the part of the h10RTGAGOR, or (b) i~ the event any of sa:d sums of mo~ey ~
he~ein reierred to be not pron,ptly and fully paid within thirty l30) days ~ext aft~r the same severatty become due a~d payable, without demand a notice, j
er (c) in tha event each and every the stipu~ations, agreEments, cond~tions and covenants of sa.d promisso~y note and th~s mortgage any w either are not }
:~!y, promptly and fully performed, d:scharged, exec~ted, eifected, completed, compfied with and abided 5y, then in e~ther w any such eveM the said ag S
gregate sum mentioned in said promissory note then re~naining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay ;
ab'e forthwith, o. rhereafter, at the optlon of said MORTGAGEE, as fully and completely as ii a:l of the said sums of money were or~ginally st~putated
ro be pa~d on such day, a~ything in sa:d promissory note or in this Mortgage to ~he cont~ary notwithstand~ng; and thereupon or thereafter at the option of
sa:d MORTGAGEE, without not~ce or demand, suit at law or in equity, therefore or thereaiter begun, may be prosecuted as if all moneys secured hereby
n~d matured priw to ~ts institution. ~
7. That in the event that at the beginn~ng of or at any time pending any suit upon this Mortgage, or to fweclose it, or to re{orm it, or to enforce
payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof i~r the ~ppo~Mment of a Receiver, such Court shalt
fcrfh•,nith appo~M a receiver of sa~~''%nortgaged property alt and singular, indud~ng all and s~ngular the incorne, p~ofits, issues and revenues from whatever
s~urce darived, each and every of whkh, 1t be~ng expressly undersrood, is hereby mor~gaged as ii spec~ficaliy set iorth and described in the g~anting and
~~:6endum cla~ses hereof, and such Receiver shali have a!I the bruad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and
s_;h appointme~~t shall be made by such Court as an ad~nirted equity and a n.atter of absolure right to said MORTGAGEE, and without reference to the
a~iequacy or inadequacy oi the value of the property mortgaqed or to the so~vency or inso~vency of wid MORTGAGOR or the defendants, and rhat such
re•~is, profits, inco~ne, issues and rever.ues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the prattice of such
Court. •
8_ To duly, promptly and fully perform, d~scharge, execute, effect, comple:e, c~~*nply with and abide by each and eve?y the stipulations, agreemeNS,
conditions and covenants ~n sa~d prom:ssory note and this mortgage sei forth.
9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
1'ORTGAGEE, its successors and ass~gns, may, without notice to the h10RTGAOR, deal with such wccessor or svccessor in interes~ wi~h reference to this
~~~o-+gage ard rhe debt hereby secured in the same manne~ as with tJlortgagor w~thout in a~y way vitiating or d~scharging the Mortgagors' liability her~
~„nder or upon the debt hereby secured. No sa~e of the prem~ses hcreby mortgaged and no forbearen~e on the part of the IAORTGAGEE or its successo~s
or assigns and no easension of the time for the payment oi the debt hereby secured given by the MORiGAGEE or its successors or ass~gns, s~:a~t operate
ro re!ease, d~scharge, modify change or affect the orig~nal liao~lity of the MORTGAGOR here~n, either in whole or in part. f
10. It is tpecif~catly agreed that time is of thr essence of this contract and that no waiver oi any obfigaton hereunder or of the obigation se- =
cured hereby shali at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. i
11. In addnlo? to rhe forego ng month!y paym~ms of princ'pal and interest requ~red by the prom~sscry nore secured hereby, morigagor covenants
a• d agr~es to ~ay to mortgagee v~ith each month~y pay~,~e~it an sdd~~ionat sum est~mared by mortgagee ro be equai to 1;`12 of rf1e annual cost of the follow-
A-All real properiy taxas !evi=~ or assessed against th~ above desvibed real esrate. . ~
' B- pr_n:~ums en f~re and windstorm ins~rar.ce as here~n requ:red to be carried on the improveme~ts situate on the above dsscribed premises. ~
C-Premiums un such mortgage quaranty ir.surar,ce as mortgagee shall from time to time deem fit to car~y on the toan secured hereby. ~
Mortgagee sha;l from t~n,e to t~me not~fy mortgagcr in writ~ng of the amou~t due and payable hereundar and such sum shall the~eupon be due and
;i ,,able on the due dat~ of the next monthly payment and each successive month thereafter ur,til mortgagee shall notify mortqagor of a change in such
j ount. Such sums sha;f be app!ied by mortgagee toward the payment of real property taxes, insurance prem~ums, and mortgage guaraMy insurance
k :•remium5. ~
IN 4'JITDJESS V~HEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first a(ore id. #
Signed, Sealed ar~d nered ~n the presence of:
:
~ ~ I ~ (SeaQ ;
~ ~ 15ea1) ~
SY ~ d- - Q'i-~~rii~r ~ ~ (Seal)
t5eal)
S~ATE OF fLORIDA ~ i
St . Luc ie ~
COUNTY OF ( ~
Before me personaNy appeared J~m~'S S. tii01"1CE' ~
j l33 Ma e F~O r 1C P his wiie, to me well known and known to m4 ~Y~~~' ~
the individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed t'~e same for• A~';pirpOdes }
nc~rein expressed. And the sa~d_ I~a ~iae Moriee ,S • ~
James S. ~lorice `
~ s:~fe of the said ~Par"!~~~ ~'~~~s!~~,~
e.a~n~nat~on by me take~ separate and apart from her said husband, acknowledged to and before me that she exetuted said instr'~!~~
.lig~~y rx3,v~
~ !a~~iy and without any compulsion, constraint, appreh sio fear of or from her s husband. L"
~ W l T N E S S my han d an d o f ficia l sea l t his_ ,t~ day o f Ct ber D. J 9~_
• d .
.
H; ~ : - ~
~ N tary Pubfit in and r t State o F t' :~iR e.~
~ My Commission expires: ~ti
~ Return To: ~ ~'?if; •S T~j F
First Federal SavEngs 3 loan Association . '
Of Fort P:erce.
Fort Pierce, Florida R L~E~
t c
K ~i~~u~~ @.yR~
R~~ i: vr:~
This Instrument Prepared By Pona lci F. Ca l lahan ~
First Federal Savings & Loan Association ~Q ~~1
of Fort Pierce , F lo r i cla YY ~
Checked ey IG/`~~~~
BOOK~~~ PAGE~~1 yQ'
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