HomeMy WebLinkAbout2586 3. To place a~~d cen~muo~s~y keep on !he bu~'d~ngz now or her~afrer ~~tuate on said ~and and un a!~ cq~~p~nent and personally covered by this mor
age, w~th all p~emi~~ns Ihe~co~ pa d~n (ull, f~ra insurance ~n th< uwal sta~~ard pol~ty (onn, in a Sum aHproved by ihe MUR~I+%~GEE, and wmdito
~nsuranca in iha c:-;al s:~::c!~~d Fo:.ty ~onn, in a s~m ap~roved 6y the MORTGAGEE, in such co~npany ot to~npan~es as ~he 1.102iGAGfE
d~recr, and all fiie a~.d w~ndsw~m insuranca pol~ues on any of sa~d buiid~ngs, any interest the~ein or pa~l th_~e9(, in fhe agg~_gate s~~n aforesa~d
in eacess thc•reof, s~~all :unt.,in the usu~l sw~,do~d mo~tgagae c:ause or such other dause as the htortyagee may req~~~e, rnaking thr ~oss ~~~da~ se~d po
c~es, each and cvery, pay.~b'e tu se~d ~ti1'JRTG4GEE as ~ts im~r~•st may appear, and each and every wth po':c/ sf~all be promNtly assy~~ad a~~d de!iv~~rcd
any he!d by sa~d MOR?G.AG~E as iwth.=~ s•_curity to sa~d n:o~t9age dzbt, and, oot less than ten (10) days in ~d+ante of the exp~ration of each po!~ty, to d~
Gver to said A10RTGAGEE a re~~evr~l thrreof, foge+her with a receipt for the premi~m of such renei.al; a~~d ~hure skal! be no i~re or ~vi~:detc~m insura~c
placed on any of sa~d buildings, cny inte~est therein or pa~t thereof, unless in the 1o~m and w~th the loss payable as a4c~esaid; and in the event any sun
of money becomes payable under wch policy or poLues sa~d MORTGAGEE shall have the ophon to rec~_~:e .=nd apH'y the sa~ne on account of Ihe mJa~t~d
n~~ss secwed hereby or ro pem~;i sa~d IAORiGAGORS to recrive and use it or any part ~h_•:cof for o:n~ ~~.cr; ::3~ s. .::~r,o:' ~h :.-.~.I ~r P..,`
~ng any equlty, licn or right under or by virtue of ~his mcr'gage; and in the event sa:d MORTGAGORS sfiall .`o~ any reason fail to keep tl~e said prem~s•,s so
nsured, or fail to delive~ promprty any of said Fwl~ues of ~~surance to sa~d MORTGAGEE, or f~u p:omptl°; ro pay ful~y any p~c~~uw~i thcretor or in any
r~spect fail to perForm, discha~ge, exewtr, effect, con~ptete, co~nply with and ab~de by this covena:~t, or any pan hareof, sa~d M~RiGAGEE may ~~ace a•o
p3y for such ins~r.~n~r or any parl thercof wilhout waiving or affecling a~y option, lien, equAy, or tighl ~r.der or b~ virtue of Ihis Mortgage, and the
t, il amount of each and every such paym~m siia!I lx immediately due and payable and shail b~ar interest from tha date thereof unHl p.,~d at the ra~e ol
~~e per centum per annu:n „nJ ro}•eih~•r ~niih wc~~ in!eresr Slldli be srcured by the lien oi this mortgage.
A. To permi~, comn,it or s~ffer no waste, i~~pairn,ent or deterioration of said property or any part thereof.
5. To pay all and singutar the costs, charges and expenses, inciud~ng a reasonab~e aito~ney's fce and costs of abstracts of title, incurrzd or pa~d at
~ny tin:e by na~d A50RiGAG`_E, because or in the event of i6e iailure or, ehe pait of the said MORiGAGOR to duiy, pro:~~ptly and'f~11y pe~fonn, d~scnarge
c~te, efitct, cemp;ete, cc+nply wnh ar,d ab,de by each and every the stipulat~ons, agrremeMS, condihons, and covenants of sa~d pro:n„sory note and ~h~s
,,~rtgage any or e~rher, and sa d costs, cha~ges and expenses, each and every, shali be immediatefy due and payabie; whether or not there be not~ce d~
~~,.,nd, ane•npt to co'~~ect or suit pendmg; and ~he full amoum oi each and everr such paymem shall bea* inreres~ from the date thereot uniil pa+d al ?he
o~ ~,~ne per c~~:':,:n F.~~r .:nc; ~II sa~d costs, cha:ges ar,d expenses ir~curred or paid, together w~th such ~ntecest, shall be sewred by the i~en of th~s
m or tgage.
6. That (a) in th< event of any breach of this Mortgage or defa~ll on ths part of the MORTGAGOR, or ~b) in the event any of sa:d sums of money
1.-~ein refurred to be ~~ot F~rc~~,Enly and fully paid wi~hin tii,rty (30; days next a~t_~r the same severa`;y become due and payable, wiit~ou~ demand or noi~ce,
or ~c) in tAt event each and ev<<y ~he snpulations, agreements, co~:ditions and tovenants ot sa d pro~~ussory note anJ th~s mortgage any or e~ther are no1
i~~y, promptiy and iulfy perfo:r.,ed, d,scharged, exewted, effected, completed, complied with and ab~ded Sy, tfien in e~~her or any such event the sa~d ag~
~•._gate sum menr~o:,ed in sa~d F:romissory ncte then remaining unpaid, with inte~e,t acuued, and al~ moneys setured hereby, shall become due and pay~
+o forth,ivrth, or thereaffer, a~ rhe cp~~on of sd~d A10RTGAGfE, as fully a~ completety as if all of th~ sa~d wms of money vrere ongma~ty st~pu,ated
t., te pa.d on such d~~, ~n~thir.g in sa.d prom;ssory note or in this Mortgage to the conrrary not.vithsranding; ond thereupon or thereaiter at the option of
s•.d MORTGAGEc, w~nc~ur nu~~ce o. drmand, svit at taw or in equity, therefore or thereaNe~ brg~n; may be prosecuted as if ail moneys secured hereby
n.:d matureJ pnor to ~~s inst~tu!~on.
7. That in the event tha! at the beginn;ng of or at any time pending any suit upon ihis Mo.tqage, or to ioreclosE it, ot to reform if, or fo enfo~te
.;~nent of any ci,~lrr.s here~nd~•r, s~id h10RTGAGEE sha~l apply to ihe Court hav~ng ~urnd.ct:on thcreot for the appo~ntment of a Receiver, s~ch Court :fiail
t:~with appomt a rcceiwer of said mortgagrd property all and sing~lat, intlud.ng ai! an~ sl~~gu:ar t!:e ir.con:e, prohts, issues ard reven~es from wh~tever
-~•ce deiived, each and every of wi~~ch, It beu,g expressly unders~ooci, is her>by mo.tyaged as if spec:f~calty set forth and desuibed in the granting and
i• :,endum ua~ses hereof, and s~ch Receiver shaii have all the broad and effective fund,ons and pov.ers in anyw~se entrusted by a Co~rt to a Receiver, and
s.h appointment sh3ti ue r.~ade by such Cont as an admittrd equity and a matter of absolutr r~ght t~ sald MORTGAGEE, and w~ri.:,::~ reference w the
i•qu3cy or inadequacy of tFe vai~e oi fhe property mortgaged or to the so~ve~cy or inso~v~ncy o( sa~d MORiGAGOR or the defendar~ts, and that such
r ~s, profits, ~nco~ne, issues and revenues sha~i be appl~ed by such Receiver accord~ng to the lien or equity of said fdORTGAGEE a~ed the p~act~ce of svch
Courf.
`8. To d~ly, promyt'y and futly per4or~n, d~scha~ge, execute, eifect, compfete, comply with and abide by each and every the stiputatiorts, agreements,
_:~~dnions and covenants m sa~d promissory r.o±e ar.d ihis mortgage set forth.
9. Tl,at in the event ~he ovinership of the mortgaged premises, or any pari thrreof, 6ecomes vested in a person other than the MORTGAGOR, the
RTGAGEf, irs suttessors ar.d ass~gns, may, w~thou~ nonce to fhe \tiORTGAOR, deaf •,~vith such successo~ o~ successor in ~nterest w~~n referen:e to this
~ga~e a~~.d ihe d_bt F.errby secured in the same manner as with !.5ortgagor ~n•ithout in any ~vay vit:ating or d~scharging the h5ortgagws' liabitiTy here-
;~r or upon the d-_bt her~•ut sec~r~d. No sal~ of the Fren,ISes hereby mortgaged ard no forbearance on the part of the tdORTGAGEE or its s~ccessors
ass~gns and no GntG~~SiO~I of the tr.ne for the payment oi the debt h~reby secured g~ven by the MORTGAGEE or its successors or ass;gns, a~~all operate
r~ re~ease, d.schaige, modify change or affect the oriy~nal Yaot'ty-of ~he MORTGAGOR here~n, either in whoie or in part.
10. It is spec:f~c-,;~y agreed ~hat rbne is of the essence of th~s comract and that no waiver of any obl~garlon hereunder or of the obligation se-
c,red hereby she:i a~ an f ti~~,c ~hereafter be held to he a woiver of the terms hereof or of the instrument secwed herby.
I1. In :.:id t:o~ ro th.= fore3o n~ ~~,onth'y p;aym=n~s of p+inCpal and int~•rest requ~red by the prom sscry no~e sccured her~b~, mortga~or tovenants
agrees to pay fo r.o'~}+yee .•.~th rach n~on!h y p~~~ ent an ad'J~r~pnal sum es~ ~:a~ed bi mortgagee to be equal to 1 12 of the annual cost of the lollow-
A-AII rca' p,rc, ~.~ray tax~s Ie•n~~ or assesscci .~g3i•ut the ahove desc.~h_d real est~t<.
6 Fr :,s o:~ f:r~• and viindsto-~r~ ~nsurarce as iiere~n requ~red to be carried on th~ :mrrove~ne~ts s~tuate on the above desc.~bed premises.
C-Pr.~~~:;ur• s on wch n,ort~: qr g~aranty ~esvra~ ce as mo~tgagee shall from t me to time deem fit to carry on the loan set~red hereb~l.
ti~o't9~3ee s~~," t~ n~ to t~a:e nCtify rnCriy.,gcr ~n wr~ting of the amou~t d.:e and payahte hereund~~r and such suo, shail tharevpon be due and
.:h:e on rh~- d,- c:,};: of ffie n~~rf ~~~onth.y pay~*~em and each successive momh rhereafier urtil mcrtgagee shatl notkfy mortg;yor of a change in such
i :~nt. S~ch sun:s s! a.i be i~d f,y mortgay:e tov~ard the payme~t of real property taxes, insurance prem.ums, and mortgage guaraMy insurance
_ ~'~~umi.
` IN 1'JITNE55 '.':HER~OF, the sa~d MORTGAGOR has hereunto set his hand and seal the dty an year first afore id.
j Signed, Seaied and delivered in the presence of:
($eal)
- ~ (Seal)
~ GL~ ~ (Seal)
(Seaq
5?:,7E OF FlOR1~A ~
u_
~JUNTY OF __-:Zt_LJ..LIC 1 P__ ~
and
Before me personally appeared _ ~nhn f' . f~n sk in s
_ PutFh ~IOS~Clf~ S his wife, to me we~l known and known to me to be
~~z individuals descr~btd in and who executed the foregoing inshumem, and acknowledged before me that they executed the same for the purposes
rh. re~~ expressed. And the said_ ._'`U t h C. sk i n~ _
:.;`e of ~he sa~d _ J~hn_F~ . ?~QSkir.s _ ~~n d`te~ajt~lle awd private
~,m;nar~on by nte taK~n separate and apart from her sa~d husband, acknowledged to and before me that she executed s~id+ini/rtiment fr~j~ar'.d volun-
~ and w~thout any comp~isio~, mnstra:nt, apprehens~on, or fear of or from her said husband. '~(t
'w,y J
~ WITNESS my hand and offiual seal rhli__ • - day of '~'OVC'?rIbPT ~ p~}9??
~
,s-~' tary Pubtlc in and for thc ~ _ on ar9e~.,
' 4
y Commission eapires-
NOTA ~tIC. TE o. F~tIO~,at LARG!
Return To: ~~p
~ MY coia,~iss a ~9~s
~ first Federal Savings 8 loan Associat~on ~ ~
pf io.t P~ c-- BondW TArv.~c~eAt raap ilnd~rwrlt~q.
. ~~~~~r.~ A.:N
~ F~rt P~•~rcc•, F~IGri~a
~ f~~Ep Rr•E, ?ttG~RD~D
ST. ~uc~t~ GGVwTr I ~t.
~ R4r,E? P~~tTRAi (
OLER~ ~.-.~tl:~ GOUIIT
This Instrument Prepared By GaTy . t:l lwo~~*~~~ .,~ci~.;
~ First Federal Savings & loan Association ~ E. ~07
~ of Fort Pierce~ r 1~ r ic':~ 2~ ~'Z r P?1Gf ~
" Checked BY~----
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