HomeMy WebLinkAbout0178 3. To pl~ce and cont~nuously kcep on ihe b~+J~ngs noar or her~~after ~~tuate on said land and on aL' ~q„N,ninf Oncl perSOnally covrred by thu mor
ege, wAh dll ptemiumS thateon p,~ d in (ull, fu~ 1~15L~0~1Ct in Ihe ~sua) S~~r.datd po!iCy fOrm, in a sum a}.~rorcd by Iht Pd~lR~v:.GE" ~~~d w~~~di~o
;nsurance in thr usual sfandard pol.cy form, in a sum approved by ihr MORTGAGfE, in such co~npany or co:n~:an:es as th,; G!02TGAGEE m
d~rect; and ati lire a+:d w~ndssorm insucance poLc+es on any of said bu~:d,ngs, any inte~est there~n o,- pa~t tF~~rcof, in the uggr_ga~c surn aloresa~d z
in excess fhereof, shall :oi~rain the us~~l s~az:darJ rnorrgagre ci~use or such o~her clause as the Mo«yayee n,ey rcqu,re, mol~ing ~hr ~oss unda~ s3~d po
c~es, each and every, payab:e to sa~d ~titJR(G.AvEE as ~ts interest may appear, and each and every such pv:,r~ shall br promptly ass g~~ad a~ld dr5vered ~
any hrld 6y sa:d R1JR(vAG~E as funhar s_cur~ty to said n:ortgage dabl, and, no~ less than ten (10) days i:i ad.~~.ce of ~ha expirotfon of each po~~cy, to d.
~.ve~ ?o sa~d AlOR1G.~GEE a re+~ew~al thereof, together with a rece~pt ior the prN~n~~m of suth re:~ea~a~; an~) th;re sha;l ba no i~re or ,~vi,~dster~n ins~ranc
p!3ced on any of sa~d bu~td+ng;, any interest ~he~em tx part 5hereof, un!ess in the fon~ and w~ih the loss payab'e os aforesa;d; and in the event any sun
of money beto:nes p~ysb:e undrr s~ch polity or pol.tics 3aid MORIGAGEE shall have thN opt~on to rete~~•e .~nd apH!y ti~e sa~ne on accou~~t of the indrbtcd
ness aewrcd hrreby or to per:nit s3:d !AORTGAGORS to reculve and use it or a~iy part the:eaf tor o,~~• r~,~r; ~s~~;, .,:~i~o.:t ih,•, v.,:~., ~r r•~;..:r.
~n~ dny QC~~;T~, tieo or r~yht undrr or by v"utue of this mortgage; and in the event sid h10RTGAGORS shaR fo~ any rcason fa~l to kcep the sa~d premises so
ins~red, ot fail to dalire~ pro~nptly arrr of said poG~irs of insurante to said MORIGAGEE, or f~:l pzomptly to ~.ay fu,ly uny p:e~~~~u~n Iher~for o+ in ar~y
respcd fail to per!e~m, d~scharge, execure, effrc~, comp~eta, co:npty vvirh and abide-by th~s cove~ari~, or any par~ harrof, s~~d MURTvAG5E may p~ace a~~a
p.~y (or such insvr.,nce or any part thzreof wnhout waiving or affecting any optioo, lien, equ~ty, or r~ght under or by virtue of ihis Alortyage, a~d the
f~il amouro of each aod eve~y such payment shall be immediaiely due and payable and shall 6rar inter~st from Ih~ d~f~ thereof until p,;~d at the rare o!
~:'~e per cem~m per ar.nu:n'~nd to~;:ther v~i!h suth enterest shal~ F~ srcured by the Gen of ~h~s mortgage.
4. To pe~mit, canmit or sufFer no waste, in~pairment or deterioration of said property w any part thereof.
5. To pay all and singuiar the cos~s, charges and expenses, induding a reasonable attoroey's fee and cos~s of abstrr~ts of titte, in:urred or paid at
~~y ti~rc by sa~d MORTvAGEE, bcca~se or in thc event of the failure on tha part of ~he said h10RiGAGOR to duty, pro:>>prtY and fully pe~form, d~scharge
.rc~te, effect, canp:ere, co•~~ply w~th artd ab.de by each and every the stipvlahons, agreements, conditiuns, and covenants of sa~d p+omissory note and this
-,orrgage any or e~~her, and sa d costs, charges and exeenses, each and every, shall be immrdiately due and payab:e; wh~ther or not !here be not~ce d>
mend, attempt Io colietl or suil pe~~d~ng; and th~ fult amou~f of each and every wch payment shall bear interes! from the date thereof until paid at the
i 1r uj n~~ie per ccn:um yur ~nn:.:n; and ~I~ said covs, cha~gei and ~xpa:nses inturred or paid, ~ogether ~vdh such ~ntetest, shall be secured by the I~en of th:s
mortgage.
6. That (a? in the event oi any breach of this Mortgage or defautt on the part of the MO~IGAGQR, or ;b) in the event any of sa:d sums of money
Ferein referred to be not promptly and lully paid wifhin th~rty ~30) days next afto•r tne same se~era ly became due and payab!e, witho~~ demand or notite.
or icy in tha event each and ev~ry the stipu:ations, ayreements, conditions and cove~ants of sa.d promissory notr and th~s morrgage any o~ eirher are no1
i~!y, pro~npNv and f~tly perform_~d, d.s.harg=d, exewted, effected, canpleted, compGed w+th and a6+ded 5y, then i~ e:iher o~ any soch eveM the sa~d ag-
a•~~9ate sum menGOned in sa~d pro+nissory note then remaining unpaid, with interest aurued, and a~l moneys setured hereby, shall becume due and pay-
~c;.r forthwith, o~ thereafh;r, at the opnon of so~d htORTGAGEE, as fvUy ar~ cornplerely as 'ef al! of ~l:r s.i+d sums of money were originaily s~~p~lated
te be pa,d on such d~y, anything in sa.d prom~ssory note or in this hlortgage to the cont:ary not,viThstaiid[~ig; and ~hereupon or therealter at ~he opnon of
s,.d MORTGAGEE, w~rhout not:ce or demand, sv~~ al law or in equity, therefore or thereafrer begun, may be p~osecuted as if aH moneys secured hereby
c.:d maWted pnot ?o its instetvhon_ ,
7. That in the event ~hat at the beginn~ng of or at any time pend~ng any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce
,:~iment of any dai~ns hereuncicr, said 11,ORTGi+GEE shaN apply to the Gourt having jurisd!cfion fhereof for tF~e appo~ntment of a Receiver, such Court sha+~
f;,,rhwith appo:nt a receiver of ssid murlgaqed propeily dl! and singular, includ~ng atl and sh~g~lar the income, prof,t~, issues ar.d revenues from whatever
s:.rce derived, each a~d every of whlch. it be~ny expressly understood, is F.ereby mortgaged as i4 spec~fi~atSy set forth and destribed in the g~anrog and
~:bendum da~ses hereof, ar.d such Receiver shau have att ihe broad and eif~ctive funcKens and powers in anywise emrusted by a Court to a Receiver, and
s_ ch appointmem shall be made by wch tcvrt as an admiued equity and a rr:atter of absotute r1gAt to said MORTGAGEE, and wifhout refere~ce lo the
r..:iequaty w inadequaty of the va!ve oi the property mortgaged or to the so!venty or insolventy of sa~d MORtGAGOR or thz defe~tidants, and that such
,rs, profrts, inco.oe, issues and ~evenurs sbaU be applied by such Receiver accord~ng to the lien or equity of sa~d MORTGAGEE and the prect;ce oi such
Court.
8. To du~y, prwspt:y and fully perform, discharge, execute, effect, compl~te, comply w~th and abi~e 6y each and every the stipu(ations, agreements, ~
cond~tions and covenants m sa~d promissory nore and tn~s mcxtgage set forrh. ~
9. 7hat in the event the ownership of fhe mortgagrd premises, or any pa?t thcreof, becomes vested in a person other than the MORTGAGOR, the
~RTGAGEE, its s~ccessors and assiqn:, may, w:rhout notice to the MORIGAOR, deal wnh such successor or wccessor in ~nterest with reference to this
~ o•tgage and the dco~ hereby sctwed in the same manner as with Rtorrgagor without i~ any way vifiafing or d~scharging the ldortg;gors' ?iability here-
:ier or upon the drbt he.eoy sec~red. No sa;e oi ~he prem~ses hereby mortgeged ar.d no forbearance on the pari oi the lAORTGAGE[ or its a~ccessors
o~ ass~gns and no ex~ens~on of the time for the payrnent of the debt hereby secured g~ven by ~he MORTGAGEE or its successors or ass~gns, a<<aN operate
ro reiease, d~scharge, modify change or affect the original liau:l~ty of the MORTGAGOR herein, either in whoie or in part.
10. It is sp~d~icaliy agreed that tim~ is of the essence of this coNract and that no waiver of any ob~~gat;on hereunder or of the obligation sr
c:;~e~ hereby shaii at any fime th~_reatter be he'.d to be a wa~ver of the terms hereof or of the ir~srrument secured herby.
11. In a;id r:o:~ to ~he fc:ego ~~g month!y pays,cnts oi princ pal and inrerest .equired by the prom;s;ery norr sec~red herebl, morigagor eovenan7s
d agrees to pay ro mo-tga3ee v.~th each ~nonrh:y p.3y~. ent an adJ~~ional sum esrmated by mortyagee to be equal to l. 12 of t4e annual cost of the follow-
A-All real property tax~s levied or assesi~d agai•,st th~ above described real estate.
B-Prcr.:iums on firz and windsto:m insurac:e as herein requ;red fo be carried en the 8mprovemeats s~tuate on the above described premiies.
C-Prerniums o.~ such r~:ortgjge guaranty lnsurar.ce as morrgagee sha11 frorr: time to time d_em fit to carry on the loan secured hereby.
Ntortgagce sh;'I f•cm t~~ne to t~me nct~fy mo~tyagor in •~rriting of the amou~t d~e and payable hereundar and s~ch surn sha!I thereupon be due and
,sbte on the due ca*~= of ~he ~.ext month;l pa~n,ent and each succesvve rnonth thereafior uatil mortgagee sha!! nonfy morrgagor of a change in such
~~nr_ Suth s~ms sFa:i t;c a'rF' ~Y mortgay..e toward the payment of real properiy taxes, ins~rance prem;ums, a~td mo~tgage guaranty insutance
_miums.
IN 1'11TNE~S :'iHER~OF, the sa~d MORTGAGOR has hereunto set his har,d and seai the day and r' st aforesaid.
Signed, $ealed and delivered in the presence of:
~ ~ - o e . e -ts~a>>
cseaq
~ ~-C~,~-,~ /7l `~j/ ~
'1 ~ ~ ? aI1Cy M. ~1 C 6 (Seal
(Seal)
S~:,TE OF FLORlDA y;,
Luc ie u~ ' `
~JUNTY OF ~ ~ ~
Befae me personai~y appea~ed Robert 6• M1tC~11 my~
H-
~ • and
Naney M. M1tCk1@IZ h~s wHe, to me well known and wn~te+~e to be
~'•:a individuais described in and who executed tF~e foregoing instrument, and acknowfedged before me that they executed the s3me ~ w ~he ;puiposes
m~~ein expressed. Md the said Nancy M, NLitchell ' ~'t~ ~
r,:~e or the sa;a ~ Robert E. Mitchel2 ~~~~~a~
e~ a-n~narion by me taken separate and aparf from her sa;d husband, atknowlecged to and before me that she executed said irotr t { n`~ ~
ainF^ ~Y:p ~]COtun-~
~~~~y and w~thout any compulsion, conshain?, appr hens~on, or fear of or from her said husband. . • ~ y
WITNE55 my hand and off~ual seal this_ day of NOVP~Z = Y t'~~
` , - ~ i
i
otary Public in and for the 5 e of ffgr' af'~aSp~.••'~ '1" .
y Commission expires: i. N`;' ~
Return Te: NOTAR1f PUBUC. STATE of pQ~jQA7Q 1A1~iE
First Federal Sa~in~s 3 Loan Association MY C051I M I S St Q N EXPIRES DEC. 19~ 5
~f ~~~t P~`~~ Bonded TAru G_nc al Insurance UndenrrlterR.
forf P;erce. Flv~~da
FILED ;HG FEG~AOED
This Instrument Prepared By G.F. Ellwood ~ ST. LUC~E COUNTY FI.A.
ROC:;' : ;;t'RAS
- First Federal Savings & Loan Association CtERK C:::i,UiT COURT ~
of Fort Pierces Rlorida pE~O~" vE= ~rl=G
Checked By ~ ;
. r ~b~r 9 8 3~ AN 71 ;
i
241625 ~
~C~K i'~Gf ~ 1~ ~
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