HomeMy WebLinkAbout2584 3. To ptace and conf~nuously keep on ihe bu~'d~ngs nov+r or hereaiter ~it~ate on sa~d land and on ali rqulp~nent and perso~atly covered by th~s mor
age, w:th all premiums thc~reon pa:d ~n full, tire insurence in the us~al stand~rd poiity (orm, in a wm aHproved by 1h~ MOR~v~GfE, and windsto
~nsurance in the usual standard aol.ty lo~m, in a sum app~o+ed by ~he MGRTGAGEE, in such con~pony o~ co~npan;es as the ~:ORiGAGEE m
d~.ect; and all fire a,:3 w nd:torm insurance polic~es on any of sa~d bui~d~~gs, any inte~es~ thercin or part th~~rol, i~ the aggregate w~n aforesa~d
i~ excess Ihrreof, shall contain the usual standa~d mortgagae c~ause or wch other c!ause as the Mo~tganee may requ~re, making the ioss onJr~ s~~d po
c~es, eath and every, pay.,b'e ro said AIJRTGAGEE as ~ts ~nte~cst may appear, and each and every wch po:~t/ shail be prompriy ass gnrd a~~d de~iv~red
any h~•Id by sa;d MOR~GAGcE as (urther s~curiiy w sa:d n;ortgage debt, and, not less tF.an ien (10? d~ys in ad+~nce of ~ha expir;,t~on of each pofcy. to d~
I,,;er ro sa~d !.10RTGAGEE a renewal thrreof, togeihet with a rete~pt for the premium of such renewal; and ~hrre sh3ll be no f~re or windstam insuranc
p~aceJ on ar.y of sa~d bvi!d~ngs, any interest there~n or part thereof, un!iss in the form and with ~he Ioss payab'e as atoresa~d; and in rhe e~ent any sun
of money beco'neS payable ~ndcr s~ch policy or pol,ues said MORiGAGEE shall have the opt~on ro reo:i~•e :,nd op~,!y the same on accou:~? of the indabt~•J
^rss setwed h~~reby oi ~o pcrmit sa:d 1'hORiGAGORS ~o feCeive dnC1 uSe it Or any pett tht:eof tor c:ii~~r c:ur~ osrs: v+~tnp~t th_•.oi ~.v.:i.~~j cr r+:p-~"~
~n~ any equ~ty, Gen or r~~ht under or by v~rtue of this mc:vgage; and in the event sa d MORTGAGORS sh~!l io+ any reason fai! to k~•ep rhe sa~d prc~nises so
nwr~d, or fnil to de!iver promptly any of said po~kies of insuranee to s.~~d MORTGAGEE, or fa~; p:cri~ptly to pay fu::y any pre n~v~n therefor cr in a~~y
respect 1ai1 to perform, d~schorye, exewte, elfe[t, conipleta, to•nply with ant~ ab~de by this Covcn.+nt, or any part h.~~eof, s.~~d MGRT~dGEE ~nay piace a d
pa,~ for such inwr.,nce or any part the~eof w~thout waiving or affec~ing any optio~, lien, equrty, or r;yht unJer or by vi~tue oF this Morfgage, and the
t;,il a~nount of each and e~ery such paymcnt shall be immediately due and payable and shail bea~ inte~esr !rorn the dnte thereof until p..id at the rate oi
~~~ne per c~~ntum per annum .~nd tojeifi~•r with such i:~trrost shali ~e srcured by the lien of this mor+gage.
4. To permit, tommit or su(fer no waste, impairment or deterioration of said prcperty or any pa~t thereof.
5. To pay all and s~ng~lar the co:ts, ~ti+.oea and expenses, including a reasonable attorney's tee and costs of abstracts of title, incurred or pa~d at
~n; tirr.c by s~~d h10RiGqG:E, becau:e or in the event of the faifure on the pan af the said h10RTGAGOR to duly, pro~nptty and futly perform, d~stharge.
c~te, elfeu, co~np:ete, comply w~th and ab:de by each and every the ttip~lanons, agreemznts, cond~t~ons, and covenants of sa~d p~orni>so~y note and ~h~s
•~rrgag_ any or e~~her, a~:d sa!d cests, charges and exHtcsas, each and every, shall be immedwtely due and payabie; whe!her or not ~hcre be not~ce d=
_~~~d, otren,pt to colted or suit pend:ng; and ~ti~ full amoum of each and every such paymeN shall bea. mtc~cst from ~he date tfiereof until paid at the
• o~ "~~,e per c~•ntum •,:r ~:~~~~n; unc! ai~ sa~d cos~s, cha~grs a„d expenses :ncurred or paid, ~ogethar ~v~~h such interest, shall be secured by the lien of thi~
morrgage.
6. That (a) in the event of any breach of this Mortgage or default on tF~ part of the MORTGAGOR, or (b) in the event any of sa:d sums of money
V..~rein refcrred to k~. r~ot prc~~~ptiy and futiy paid ~vithin th~rty (301 days ~ext a`te~ the same seve+a:ty become due and payable, without demand or notice.
;r in thr e~ent esch and every the stipulations, agreements, condrtions and covenants ot sa.d promiswry note and thls mottgage any or efther are not
promptiy and fuily pe~tormed, d:scharg•~d, ezecuted, effeued, completed, compl~ed with and ab~ded Sy, ~hen in either or any such evem ~he sa~d a9•
yatr sunz men!wncd in sald promiszory note then rerna~~ing unpa~d, with intere~t accrued, and all moneys secured hereby, sha~l become due and pay-
n~, forth.r~!h, or ther~a!ter, at the opt~on ot said MORTGAGEE, as fully and cu..:pletely as il atl of the said sums of money were onginally snp~~ated
kfe pa.d on such dcy, anything in sa:d pro:n~ssory nore o~ in ~h~s Mortgage to the comrary noi~v~rhsia~~d~ng; a~d thereupon or iherealter at t!-r op~~on of
s~:i fdORTvAGEE, w~~how nonce or demand, suit a1 Iaw or in equity, therefore or thereafter beg~n, may be orosecuted as if all moneys ~_cured hereby
c._d maWred pnor to ns ins~~sunon. `
7. That i~ the event tf~jt at rh~ beyinning of or at any time pending any suit upon this Mortgage, or to fareclose it, or to reform it, or to enforce
:.~;ment of any claims he~eu~~dzr, said MORTGAGEE shalt apply to the Court havir,g ~unsdict:on thereof for the appofroment of a Reteiver, such Covrt shail
„~+hwith appoin? a rece+:er of said mortgogrd property all and sing~lar, indvd ng all and vngu~ar the income, profds, iss~es and revenucs from whate~er
c.-ce derived, each and every of wh!ch, it be~ng express!y unders!ood, is h:ereby morrga9ed as if 3pec:iica~:y set forth and described in the g+anr~ng and
~:,endum c:avses hereof, and svch Receive~ sha~l have all the broad and effective funct.ons and po,~vers in any~v~se entrusted by a Court to a Receiver, a~td
_ ch apppentme~if shal~ be msde by such Court as an ad~nitred equity and a matter of absofute right to said A10RTGAGEE, and without re(erence to the
:_au;cy or inadequacy of the vai~e of the property mortgaged or to the so~vency or insolvene~ o( sa~d MORiGAGOR w the defendants, and that such
,,rs. profirs, inco.ne, iss~es artd revenues sha:I be app~ied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such
Court. ~ ~
8. To d~'y, promptfy and fully periorm, discharge, execute, eifect, compiete, con,ply with and ab~de by each and every the stipulations, agreements,
~,d~tior.s and covenants ~n sa~d promissory ~ote and ths mortgage set forth.
9. That in the ~.em thP o.vnersh~p of the mortgaged pren,~ses, a any part thereof, 6ecomes veste~ in a pe~son ether than the MORTGAGOR, the
:^RTGAGEE, its :uccessors a<<d ass~gns, may, wirho~t not~ce to the A10RTGAOR, deal with s~ch successo~ or wccessor in interest w~~h reference to this
~•'gage and the d-_ut hereby secured in the same manner as with ?.lortgagor witFn~ut in any way viKating or d~scharging the ~lcrtgagors' liability here-
. ic~ w upon the d~~bt hereby secured. No sate oi the premnes hereby mortgaged ar.d no forbearance on the pa~t of ~he /hORTGAGEE or its succeuors
asvgn.,,j,~ exters~on ot the time fo+ the payment of the debt hereby secured given by tne fhORTGAGEE or its successors w ass~gns, a~~all operate
!o re~ease, d~sche:ge, mod~fy change or affect the original liab~lity of fhe MORTGAGOR here~n, either in whole or in part.
10. It is spec~fic~1'~y agreed that time is of ehe essence of this contract and that no waiver of any obl~gat~on hereunder or of the obligation se-
c~~red hereby sha~~ at an~ time thereafter be hefd to be a wairer of the terms hereof or oi the ir~strume~t sewred herby.
I l. In ::i:l T!c ~'o the forego n~ momh'y ~~aym^nt5 of princ'pal a~d interest required by the promsscry no'e secured herebf, mortgagor tovenants
~_i .,yr~•es te ;.,~y ro r.:o:sgagee v.~tl~ ead~ monthly payr.cBnt an adc~rional wm esnn~ated by morigagee to be equal to l 12 of t;~e ent,ual cost of the follow-
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A-Ai; ~_at F.rop^rty tax:s lev~~d cr assess_J ag.3~•ist thc acove desc~ibed real estate.
6 F~ ~.::,~s on f~rc ar,d w~ndsto ~r. ~nsuracce as here~n req~~red to be carried en the improvemeots s;tuate on the above dascribed premises.
C-Pr~~•*~w:~.s o•i wch n:orrg~ge 9uaranty ir.wra~.ce as mortgagee shail fro~r. ~me to tirne deem f;t to carry on the loan secured hereby.
ldortg;qee s~~'I `~cm rime ro t~~ne ~otify mertgagor in w~itfng of the amount du~ and payable hereundar and wch sum sh~il thereupon be due and
b:e on th~ clue da~e oi tha r.exr n:omh:y payment and each successive month thereaft~r ur,tii mortgagee shatt not~fy mortyayor of a change in svch
i ,nr_ Such su:ns sha:f be ap4,i~ed by mortgagce toward the payment of real property taxes, insurance prem:wns, and mortgage guaranty insurance
~ - _~••.ivmi.
~ IN 1'liTNE55 :'1FicR~OF, the said MORIGAGOR has hereunto set his hand and scal the day and year (irs? a(oresaid.
~ Signed, Sealed and elivered in the presence of: ?~t' J~~ ~.-~aat)
~ - Li
~ - ~ ~ _ Paul A Collett ai~
~ ~~z" ~ Seal)
_ Antionette G. Collette iseai~
S~:.TE OF FLORIDA ~
Broward
~ .':;;tJTY OF _ 1
Befwe me personally appeared _ Paul A. Collette and
_ A11tlOt1@tt6 Ci• COZZ6tt@ his wife, to me well known and known to me to be
~ individuals described in and who exec~ted the foregoing instrument, and acknowiedged before me that they executed the same for the purposes
,F._, Antionette G. Collette
ein expressed. And the said_,___-
::.fe of the sa~d - _.Palll A. COllette upon a separate and private
~.>•n~nat~on by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrumMt ireely and volurt-
•,.y ar.d w~tho:,t any compu~sion, conslraint, apprehens:on, or fear of or from her said husband. -
- rT-
W11N[SS my hard and offk~al seal this__ ~ e~ day of ~CtOb@1 '!ei„~p. p, 19_~_
~ _ ~ .i--- i-
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N ry Pub6c a~d for the S~ite.v(-Fbrida ~'1•l~ge
M Comm~:s' expires: MOT~T(R1~t}~-TC. ST~%~'i' :,t l:;i;GQ
Return To: ~{Y~'~C~dl~1:~~.°.fJ~~ '~,~j~~ ..1i. 19/8
first Federal Savings 3 Loan Association •~El1 B~/?~uay,iqf~'~tt~'e:: ...,:,.,,nzg C~.
Of 6urt P.ere?. ~ ~ " ~ ~ `
' Fort Pi~rtc. Ficrida - - V ~ . ~
~ ~ , ~
F1LE0 Ak0 RECORDE~ ~l•, ~ ~
St. R06E
yPJ~TRAS`A.
This Instrument Prepared By J. H. Roberts ~ Jz. ~
First Federa! Savings & Loan Association CIERK CI:t~Utj COURT
of Fort Pierce, FloYida RECO~D~~~~F1EDa~
Checked BY 10 22 AM
BOC~K2O~ PALE~S~ i~~~OS
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