HomeMy WebLinkAbout1058 To p~ace and co~Nnuousiy keep on ~he b~~'J~~:~a now or heirai~re s~ware on sa~d ~and and on a!t C(,J~a~h@~~l and penonatiy covered by +his moreq-
ege, with all prem~~ms il~creon pa d m fu~l, 1~re insvronce ~n ~ha usual s~a~~da.d pd~cy iorm, in a s~m aHpruved by tho MOR:vAGEE, and w~:~ds~o~m
~nsuronce in ~F~e usual •tanda~d pol.cy fo~m, in a s.,m a~.pro~ed 'uy ihe htOR1GAGEE, in such company or co:npan~rs as the h102TGAGEE may
d~recl; and all fire ar.d w~nds~orm ~nw~an<r po,~c~es on any of sa~d build:ngs, any intErest thrrein or part ~h~recf, in t!x agg~rgate wn~ atores~~d or
in eacess Ihereol, shatl :onrain ine usval s~and.,rd morrgagae c~ause o~ auch other ci,~use as Ihe Mo~tga3ea may ieyu~re. maA~ng thz ~c?s u~~der so;d po~i-
c~es, each and every, payab~e to aa~d ~1OAiGAGrE as ~ts ~n~r~est may appear, and each and eve.y such po~,cy shail be praanNUy ass g~~rd a~~d de~~~rr~•d to
any held by sa~d MORSGAGEE as (~nhar s:wriry to safd n,ortgege d~ut, and, not Iess ~han ten (101 days in ad.ance of ihe expuat~on oi each poGCy, to dr-
Irver to said h10RTGAGEE a renewal ihereof, toge~her w~fh a receipt fo~ th> p~emwm of wch rene~al; and ~hare shail br ~~o f.re or wu~~s+a•~n insurance
plated on any of sa~d build~ngs, any interest thcre~n or part thereof, unless in the form and w~~h tne toss payable as afwesaid; and in the eveM any sum
of nwney beco~nes payable unJer wch po:icy w po~~ci_s sa~d MORTGAGEE sh.~il have thn opt~on to rece~ve and app!y the same on acco~:~t of the indrbtrd-
ness secured hrreby or to permit sa~d MORTGAGORS ro ~eCrive and use it or any ~:art m_•:aof tcr o~r.~•~ ~.u~,~usrs. ,.~~:~..t th•~..,r .._~++~3 ~~'~p~~'•
~ng any equ~ty, fien or n9h1 ~nder or by virt~e of ih~s mo:tgage; and in ihe avent sad MORTGAGORS aha!I (or any re~son fail to keep the sa~d prem~srs so
i~sured, ot (ail to de!~vr. pro~nptly any of said po~ac~es of insu~ante to said MORTGAGEE, ot fai! prG:npt~y to pay !u.~y any p~c°n~,;m therafot or in any
respect fail to per(orm, d~scha+ge, execurz, e!fect, tanplete, co:nply wiih and abide by ~his covenint, or any part h~reof, sa~~! MORTvAGEE may placa a~~o
pay fo~ such inw~ence o~ any pa~t thereoi w~~hout waiving or affeding any opt:on, Iien, equ~ty, or ri~ht under o~ b~ vi~tue of this Mo~tgage, and the '
}~II ainount of eath and every wch pay.m.ent shall be ~mmed~ately due and payabte and shail baar imerest irom tha date ~hrreof unt~l paid af the rate of
n~rie per ceroum per annu n vnd to~rth~•r ,snh sucn inter~st shaG be sewred by the lien o( this mortgage.
To permit, eommit a suffer no waste, impa~rment or deteriorat~on of se~d pcoperty w any parf thereof.
5. To pay all and s~ngular the custs, charges and expr~~ses, Induding a re.;sona~le attorney's fee and costs of abstracts of tit?e, incuned or pa~d at
any time by sa~d MORIGAG:E, be<ause or ~n ~he event of the fa~Iure on the pa~i of the said MORTGAGOR to dvly, proa~pily and fu,iy perfonn, d~scharge.
exec~te, effeu, complete, compty w,~h and ab:de by each and every the stipv:anons, agrren:ents, cond~aons, and covenan~s of sa:d pro~n~sso~y ~ore and ~hii
rno~rqage any or e~~her, and sa d cos`s, cha~ges and expenses, each and every, shall be immed~alely due and payab!e; wherher or not ~Ae~e be nof~ce d~
mand, aftempt to codiect or wit pend~ng; and rhr fulY amouM of each and every svch payment shall bear interest from the date the~eof until paid at the
r•te of nine per centu~n y;er on~~~.n; ~nc: o~i sald wsts, cl~arges and eapanses i~xurred or paid, ~oyellwr w~th such ~nterest, shall be setured by the I~en o4 th~s
mortgage.
6. That (a) in tfie event of any breach o( th~s Mortgage or dr(a~It on ttw part of the MORTGAGOR, or ;b) in the event a~y of sa'd sums of maney
here~n referred to be ~ot prornp!iy and fully pa~d tiv~rh;r, th~rty (30i da~s next airer the sa:»e se•rera:ly become due and payable, without den:and or not~ce,
er ~c) in tha event each and every the stipularions, agrerments, cor.da~ons and covenanrs of sa.d prom~sso~y notr and th~s mortgage any or e~~her are not
i~ly, promprly and fully perfwmed, dscnarged, executad, effected, canpleted, compl~ed w~rh and ab~ded ~y, then ~n e~~her or any such evem the sa~d ag
gregate sum mentioned in said pronussory note then remainin9 ~npa~d, w~th interC;t accrued, and a11 moneys secu~ed hereby, sha!1 become due and pay-
ao~e forthwith, or thereafter, at the opuon of se~d MORiGAGEE, as fu:Iy and comp;etely as if ali of thr sa~d su:ns of money w•eie or~g~nally st:puiared
ro be pa;d o~ wch day, anythin~ in sa.d pro:n:uory note or in this Mortga9e to the convary not.~ithstand~~~g; and th~revpon or thereaf~er ai ~he o,zt~on of
sa~d MORiGAGEE, withaut nor~ce or demand, suit at taw or in equny, thereiore or thereaf~er begun, may be proszcuted as if atl moneys secured hereby
n,d matured pnor ta ~ts institut~~n.
7. That in ~he event that at the beginnlrig of or at any time pend~ng any su~t upon this Mortgage, w to foreclose it, or to refwm i1, or to enforce
F:ayment o1 any c!alms he~eu::d~r, sa~d A10RiGAGEE shall appty to the Cour~ hav~~~g ~ur~sd.u~on thereo4 for the appo~ntment of a Recefver, such Cuurt shaH
'.orthv~rirh appoiM a receiver of said mprtgaged property all and singular, includ ng ail and s~ngv~ar the income, profAS, issues and revenues from whsteve~
sowce darived, each and every of wh.~h, rt be~ng expressty undersraod, is hereby mo.~gaged as ~f spec~IicaL'y set forrh and described in the g.anting end
twbendum clavses hereof, and such Receiver shaii have alE the br~ad and effec~;ve func~ ons and powers in anyw~se entrusted by a Court to a Receiver, ar,d
s_ch appointme~~t shall be made by s~ch Cou~t as an ad,~itted eq~ity and a matter of absol~te right to said MORTGAGEE, and wifhout reference to the
ad~quacy or inadeq~acy of the value of the property mortgaged or ro the so:v.;ncy or ~rsotvency of sa~d MORTGAGOR or the clefendants, and that such
re•~TS, profits, income, issues and revenues shall be applied by such Receiver accord~ng to the lien or equiry o( said A10RTGAGEE and the practice of such
Court.
B. To du!y, prompt!y and ~ully pe~fo~m, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements,
conditions and covenants ~n said prom~ssory note and ths mortgage set for.h.
9. That in ~he event the ownersh~p of the mortgaged prem~ses, or any part thereof, 6ecomes vested in a person other t:ian the MORTGAGOR, the
:'.ORTGAGEf, its successors and ass:~ns, may, wiihout notice to the ~~'ORTGAOR, deal wi~h svch svccessor a svccessor in interest with refere~ce to th~s
ortgage and the dro~ hereby se.ured in the same manr,e~ as ~n•~th Ado:t~ago. ~vithout in any way vit~ating or d~scharging the Mortgagors' liab~lity here-
~nder or upon the debt hereby sewr_=d. No sale of the Fre:~usAs hereb~ mortyaged ar.d no forbearance on ~he pan of the IAORiGAGEE or its successors
or assigns and no exrens:on of th~ t:;ne for the payment of the debt hc:eby sec~red g~ven by the NORTGAGEE or its successo:s or ass~gns, s~~all operate
io retease, d~s:harge, modify cha+:ge or arfect the original Gao:l~ty of the A10RiGAGOR herein, erther in whoie or in part.
10. It is spec~f~cally agreed that t~.ne is of the esser.ce of this contract and that no waiver of any ob~~gat~on hereunder or of the ob!igation se-
cured hereby sha:~ at any time ~hereafser be heid to be a wa~ver of the terms hereof or of the instrument secured herby.
I 1. In adJ~fion to the foregc ng month!y payments of princ pal and interest ~equ~red by the promissory no!e scc~.ed hereb~, mortgagor tovenants
~~~:d ogr~es to pay to n;cr!gagee r.;~h each month'y Nayr. e~~t a~ add~:ional sum ~~st•~ ated by mortgagee to be equal :o l, 12 af tl~e annuat cost of the follow-
, •
A-A!I real property taxas tevied o: ass~ssed ayai•ut the above describe d real estate.
B-Prem~u~^s on fir~~ and vi~r,dvonn insvracce as here~n r~q,,;red to be carned er. the ;mprovemeits s;tuate on th~ above d=sc.ibed premises.
C-Premi~ms oa such mortgage guaranty in,ura,:ce as r~c*+gagee sha~i frcn t:~r:e to t~me deem f:t to carry on the loan secured hereby.
Mortgagee s~ea'I jrom t~me to ti:~e rtet;fy mo~ty~gor ~n wr~t~no of the amou~t d~e ar.d payable here~ndrr and such su~t shafl thereupon be due and
.,,able on ehe due da!e of ~h~ n_•xr mo~~n:~ pay~n=nt and each success~ve mo+:th rherea4tc. ~r.ti{ mortgagee shal! not,fy mo-tgagor of a change in such
- a~N. Such s~ms s~a:l ~e epp:ied by mertgayee tuward t~e paymen; of real property taxes, ins~rance prem.u:ns, and mortgage guaranty insurance
i : •emiums.
IN W!?NESS '?iHER~Of, the sa~d MORTGAGOR has hereumo set his hacd and seat the day and yea fint aforesaid.
I Signed, Sealed a~d de~ivered in the presence of:
{
; _ ^ (Seal)
~ " r - ~Rue Lane Browna r• a~ csesi~
~ ± a ainyle adult _~seaq
~ ~ ~ (Seat)
x ~
~ /
ST:.TE OF FIORIDA
u_
C~UNTY OF S~_~i~ 1
3efore me personally appeared R~ ~ne ~YO'Rn~ Jr• s d single adult ~
~ _ to me well known and known to me to be
the individual~ described in and who executed the foregoing instrument, and acknowiedged before me that ~hey executed tFe s~me (w the purposes
~ rherein expressed. A~F_.___
~ ~ -
F ~
~ WITNESS my hand and offiual seal th~L_ ~Z-~-- day of_ NOV~lb6Y A. D. 19~~
~ Z/ Norary PubGc in and for State ~~i1{~ d~~~
My Comm~ssion expires• ~
Retum To: • . ' ~ li',
~ fint Federal Savings 3 Loan Associat:on Q ~
~ Of Fort Rerte. ~A~ nrp~ - ~ ' -
fo~, P;~..~z. F,~„~.3 2422'7f ~Y ~~9t~`S~IdN ~tPIRF~~ p~A~~RiE
~ _xaea ia?,,:~ ?9-~g~ ~
~ ~.'rte-,~~• .,a~~e~yna
xi Y••~.,,-~ ~1
This Instrument Pre ared B fILEt? etND P,E~ORDEB ~.,~~,11~y -T•:~
~ P Y John W. CO11in5 ST. LUCIE G~UMTy FLA. ~
First Federal Savings 8 Loan Association RCL~f~ F;i~R~S ` \
~ of Fort Pierce ~ FloYida CLERr f.l•.CU~T COURT
~ 4fCi~R'. Y~~'r;F^_,,,~
~ Checked By ~G6.-- ~11 4 Z4 PH ~7Z ~ q
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