HomeMy WebLinkAbout2403 3. To place and coro~nuous~y keep on the bui'd~ngs now or hereafter e~tuate on sa~d land and on alf equ~pmenr a~d personally coverad by th~s mo?
age, with aIl premiums thereon Ha;d ~n full, l~re ~nsu~anct in ths usual standard po~ity form, in a sum approved by the MOR~vAGEE, and w~~~dsto
~nsurante in the us~al s+a~~da~d F:ol.cy fonn, in a w~n appro~ed by the h10RTGAGEE, in such con,pany or compan~es as the At~RTGAGfE m
dned; and all ii~e and w~ndstorm insurancr poGc~es on any of sa~d build~ngs, any inle~esr tharein or part theceof, in the aggr<gafe sum afares~~d
;n excess ~hereof, shall :onra;n ~he uw~i srand~rd morrgaqee dause or such o~he~ clause as the Mortgagce may requ~re, mal.ing the ~oss unJer s~~d po
urs, each and every, payab:e to sa~d ti10RTGAGEE as ~ts in~rr~st may appea~, and each and every such poi~cy sf~a~l be p~omptiy ass gned a~~.d detiv~red ~
any held by sa~d MORTGAGff as (urthar arcur~ty to said mongege debt, and, not less than ten (10) days in ad.ance of the expiretion of cach po6cy, to d.
I~ve~ to said MORTGAGEE a ienewal thereof, ~oge~ne~ w~th a rece~pt 4ot the premium of such rene.val; and ~here sha~l be no f~re or w~nds~orm insu~anc
placed on any of said build~~gs, any intereat therem or part fhereof, unless in the form and with the Ioss payable as a(o~esald; end ir ~he eve~t any sun
of money becomea payable under such policy or pol~cies said MORTGAGEE shall have the op~~on to reo;ive ..nd apN'.y thz same on atcount of the ind~bted
ness secured hrreby o~ to penn~t sa~d fJIpRTGAGORS to receive and ~se it a any part the:cof for o:n•_r ~,ur~ ;,s.•s, ..:rr~;.;: ~h; u~•np~~.
~ng any equ~ty, lien or right under or by vinue of this mo:•~age; and in Ihe eveM sa~d MORTGAGORS shall for any reason fail to krep the sa~d p~emises so
in:~red, ot fail to deliver promplly any of said polk~es of insurance to said MORTGAGEE, or fail p:omptly to pay fully any pre~~~~~~m therefor or in a~y ,
respect lail ro perform, discharge, execute, e(tect, complet~, c.mply weth and ab+de by th~s covenant, or any part hareof, said MGRivaGEE may piate a•~o
pay for such insurance or any part thereof w~tha,t waiving w aftecting a~y option, lieo, equ~ty, or rigM unde+ or by vir~ue of this hto~tgage, and the
fuh amount ol each and every such paymem shall be immediately dve and payable and shaN bear interest fiom tha date thereof until pad at the rate ot
mr,e per cenrum per ar.»~m and ro~elhrr nith s~ch i~~terest si~afi be srcured by the lien o1 th~s mortgage.
4. To permit, commit or suffer no waste, impairment or deterioration of said property or any part thereof.
S. To pay all and singula? the costs, charges and expenses, including a reasor.able attorney's fee and costs cf abst~acts of title, incurred or paid at
any time by sa~d MORIGAG,E, because or in the eYent of the faiture on the pari oF the said MORTGAGOR to duly, pro,npdy and fully perform, d~scharge.
~>ccute, effect, canpfete, comp!y w~th and ab:de by each and every the stipulauons, agreements, cond~tio~s, and covenants of sa~d prornissory note and ~h~s
,:orrgage any or e~ther, and sa:d costs, charges and expenses, each and every, shall be immediately d~e and payable; wherher or nor rhe~e be norice d~
mand, attempt to cotlec~ or svit pend~ng; and the fvll amount of each and e~ery such paymeM shall bear ;nterest from the date thereof umil paid a1 the
,..r~ oj nlne per cent~m p~r on~w:~ , and al! said custs, charges a:.d expenses ~ncurred or paid, together wAh such iroerest, shall be secured by the Gen of th~s
mortgage.
6. That (a) in the event of any breach of this hlortgage oi default on the part of the MORiGAGOR, or ;b) in the event any of sa'd sums of money
herein referred to be not prom~tly and fully pald within ~hvty l30) days next aiter the same severa!ty become due and payab!e, without demand or nonce,
c~ (c) in thr event each and every the stipulations, agreements, condrtions and covenants of sa:d promissory note a~+d th~s mongage any or either are not
iuly, prompily and I~lly performed, d,scha~ged. ezecutcd, effected, completed, complied w~~h and ablded Sy, then in e:ther or any such event the sa~d ag-
~~egate sum mentioned in sa~d proniissory r.ore then remaining unpaid, with intere,t accrued, and a.f moneys secured hereby, shaN become due and pay-
ao,e iorthwhh, o~ thereafter, at the oprion of said MOR7GAGEF, as fully and comp!e~ely as ii ail of the said sums of money were ongina~ly st~p~lated
ro be pa:d on wch day, anything 7n sa,d prom~ssory note a in this Mortgage to ti1e convary notwithstand~ng; and thereupon or thereafter a? the op~~on of
s+d MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafte~ begun, mpy be prosecWed as if all moneys secured hereby
r;d matured pnw ro ds institut~on.
7. That in the event that at tne beginn;ng of or at any t~me pending any su~t upon this Mortg~ge, or to foreclose it, or fo ~efarm it, or to enforce
~a~~ment of any claims hereunder, sa~d MORTGAGEE shall apply to the Court having ~urisd:ction thereof (or the appo~ntment of a Receivet, soch Court shail
fo:thw;th appoint a receiver of said mortgagrd property all and s~~gular, indud~ng all and sinyu~ar the ir.come, p~ofds, issues and reve~ues from whatever
s_ ~~ce derived, each and every of vvh~ch, it beiny expressly undarstood, is hereby mortgaged as if spec~ficatly set forth and described in ihe g~anting and
h.ii:.endum cla~ses hereo~, and svch Receiver shaN have all the b~oad ar,d effect;ve funtt,ons and powers in anywise emrusted by a Cowt to a Receivu, and
s. ch appoiniment shafl be made bv such Co~rt: as an admitted equity and a matter of absolute r~ght to said MORTGAGEE, and w~thaut reference to the
r.d ~q;,;cy or inadequacy of the val~e of the property mortgaged or to the~so~venty or insolvency of said MORiGAGOR or the defendanrs, and that such
~+s, prof;ts, inco,ne, issues and revenues shall be appiied by such Rece~ver according to the lien or equ~ty of said MORiGAGEE and the practice of such
Court.
8. To duly, promptly and fulty perform, discharge, ezecute, effect, comp(ete, comply with and abide by each and every the stipulations, agreements,
;onditions and covenants irt sa~d promissory note and this mottgage set forth.
9. lhat in fhe event the ownership of the mortgaged premises, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the
:'~RTGAGEE, iu svccesso~s and ass~gns, may, without no~ice to the I~10RTGAOR, deat with such successor or successor in ~nteres~ wirh reference to this
~~o~fgage and the deb! hereby sec~red +n the san. e manne~ as w»h Mortgago. without in any way vit:ating or d~scharging ihe ldortgagors' liability here-
~~:der or upon the deb+ hereby secured. No sa!e of the Fremises hereby mortgaged and no forbearance on the part of the 1dOR1GAGEE o~ its sutcessors
cr assigns and no extension of the time ior the paymer.t of the debt hereby securev given by the MORTGAGEE or i!s successors or ass:gns, ahall operate {
ro release, d~scharge, modify change or affect the orig:nal liability of ihe MOR(GAGOR here~n, either in whole or in part. ~
10. It is spec;fically agreed that time is oi the essence of this contract and that no waiver of any obligat~on hereunder or of the obligation se- `
cured hereby sha;i at any time rhereafter be held to be a waiver of the terms hereof or of the instrument secured herby. ~
t
11. In add rio~ to the forego"ng month'y payments of princ pai and interest required by the prom:sscry no!e secured hereby, mortgagor covenants ~
:i agr_es to pay ro nea-r~agee Krth each nron+h~y pay~.;ent an odd~rional sum esum:ated by mortgagee to be equal to 1; 12 of the annual :ost of the follow- {
,
A-i,ll real property tax:s levied or assessed agai•ist the above describcd real esfate.
B--Fr~n:~u~ni on i~re and w~r.dsrornti insurar.ce as herein requ~recl to be carried on the ~mprovements situate on the above d=scrtbed premises.
C-Premiums on such mortgage guarenty ir.surar~ce as mortgagee shail from time to time deem fit to tarry on the loan sec~red hereby.
Alortgagee sF,a:l f.om t~me to t~me nor~fy mortyagcr in writ~ng of the amount due and payable hereundar and wch sum shall thereupon be due and
.;~b~e on th~ due aate of the next monthiy payment and each successive month thereaff~r uotel mcrlg3gee shall ~otify mortgagor of a change in such
%unt. Such wms sFa:l he appiied by mortgagee to~rard the payment of real property taxes, insurance prem.vms, and mortgage guaraNy insurance
. .-~~emiums. •
IN WITNESS ':fHER~OF, the said tdORTGkGOR has hereunto set his hand and seal the day an~' year first aforesaid.
Signed, Seated an ~vered iry the presence of: ~ ~
-(Seal)
t f~ k FIIED A!1" KEGOR0~4. ~
j ' • ST.II}CIE COUYTY ~~A. p~n,~,ld J. iliems
I ~ _ ~ ROC~r r~~TF.11S lSeal)
! C~EFR . ~ur, C,~t~AT ~
~ cSeal)
P.F*;lit'=1''`(`!EG D C. W211e1~S {Seaq
E SiaTE OF FLORIDA NQV ~ Ol ~41468
' ,
~ CJU'JTY OF St. Lucie ~
~
~ 8efore me pe~sonally appeared ~O~ld .j• W1~ZE~5 and
Joan C• W111em5 his wife, to me well known and known to me to be
~ the individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purpozes
~ rhe•ein expressed. And the said J~n C• W~IZQmS
E r„fe of the sa~d _~~ld J• WllZe$S , upon a sepa.ate and private
~ e~am~nation by me taken separate and apart from her said husband, ackrawledged to and before me that she executed said instr~ment freely and volun-
r•:;iy and w~thout any compulsion, constraint, apprehension, or fear of or from her said husband,
! WITNE55 my hand and of(iual seal this_ day of ~tober A. D. 19 72
a
1' c G l~,i ;
J.~.r
Notary Pubfic in and for the State Florida at Large
~ My Comm~ssion expire~TARr PUBUC, STATE of FLORIDA et IARGE
i Return To: S
j First Federal Savings 6 loan Assodat~on NIY COMMISSION EXPIRES SEPT. 25, 1975
ot f~~r P t~~~. " Bot?ded Bp American Bankets fnwrance Co.
e Fort P~erce, Flcrlda
F _ / . ~ .
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This lnstrument Prepared By : Wa. E. Braun ~ .
First Federal Savings 8 Loan Association ~ ~ - ~Y
~ of Fort Pierce , Flor ida 33450 ~
~ Checked By
' ° R 2~7 240~ i
~ . eoox ~ ;
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