HomeMy WebLinkAbout1506 3. To p,aca and continuou:~~ 3~eep on ~he bui'dmgs now or hereafte? a~tuate on sa~d Iand and an a~~ ~quip:nrnt ai~d pe~sona!ly covz~ed by th~s mortg•
a9e, w:th all prem~~ms t~ereon ~ad in lu;l, fi:e insurance ~n ~he usual s~a~~dard po~~cy {orm, in a sum approwed by ihe MORtGAGEE, a~~d w~~~dsro~m
~nsurance in Ihe usual srandard po'..cy form, in a wm aFprored by the Ar10RFGAGFE, in such company o~ tompan~ei as 1hp A10RiGAGEE may
d~rec~; and all lire ar.d w~nds~orm i~w~anca po~~c~as on any of sa~d bui~d~ngs, any interest th._rein or part Iharc~f, in the a9g~eg~te a~m aforesa~d or
in extess the~eof, shall :onr;;n the usual star.dard niortgagre uausa or s~th o~her clause a~ Ihe Mortgagee may roqu.re, ms?ir~g ~he ;oss undrr s~.d po:i-
cie~, each and every, payab'e fo s3~d ASpRiGAGEE as ~ts infer~st nay appear, and each and every such poi~cy ah,ll be pro~r~p~ty ass ~~~rd a~~d de,~var~d ~o
eny held by said hlOR1GAGiE as funhrr ~ecur+ty ~o sa~d ~..a:tgage deut, and, oot less ~han ten (10) days in ad:ance of the eap~r~non oi each poGCy, ro dr
~ive~ ?o said MORTGAGEE a renewel thereoF, toge~her with a rece~pt for !hc prern,um o! s~ch rene~al; and th~re shail 6e iw f~re or w~•~Jsto~~n ins~:rancs
platrd on a~y oi said b~i!dinga, any in?erest the+e~n or part tharcof, unlrss in ihe (orm and wdh ~he losa payable as aforesaid; and in the evenf any sum
of money becanes payabl~ ~nder s4ch policy or po6c~as aa~d MORiGAGEE shalt have ~he opnon to :ecaive ~nJ apply ihe sa,ne on atcov~u oi the indubted-
ness sec~red hrreby o~ to permit sa~d MORTGAGORS ~o recrivr and use it pr any p~rt ~hr;rof ior o;nrr E.~r;;.:i~s, .v~~+~o.:t ih.~•. u. ~3 e~ ~~~,p~,+-
ing any equ~ty, tien W riyhr under or by virtue of this mar'gage; and in Ihe event sa.d MOBTGAGORS shafl for any reason fait to kecp the said premisrs so
fnsured, or fail to del~ver prompNy any of s~~d pofeeles of msurance to sa;d MORTGAGEE, or ta~! promptly to pay fully any p~e~~~~.,m tnereior or in dny
respett fail to perform, d~schargE, exetute, effett, completa, comply with and abide by this covenant, or any pa~l h.:re~i, said MGRTGAGEE may piacr a~~d
pay fp~ iuch insurance or any part thereof without waiving o~ alfecting any option, tien, equ:ty, or rigM unde~ or b~ vLtue of th~s Alortgage, and ihe
full amovnt of each and eve~y such paymeM shall be ~mmediately due and payable and shall brar intereat from ~he daee thereof unnl paid a~ the rate ol
mnC per CeN~m per an~~m and to~rther H~ith wch interest Sh~i! `ue srcure~ by the lien Of ihis morlgage.
d. To permit, tommit w sufFer r.o waste, impairment w detenoration of sa~d prope~ty or any part thereof.
5_ To pay all and singutar ~he costs, tharges and expenses, induding a reaso~able atrorney's fee and costs ol abstracts of title, incuned or pa~d a?
any tim.e by sa~d MORIGAGEE, betause ar in the event of the fa:ture on the part of tAe said MORiGAGOR to duty, pro~~~ptly and fully perf~rm, d~:cr,~~ge_
exec~te, efiect, comptete, co~nply w~th and ab:de by e3ch and every the st~p~lanons, agreem~nts, condit~o~s, and cove~ianfs oF ta+d pro~nizso~y note and ihfs
•~~ortgage any or e+rhe~, a»d sa~d costs, charges and expenses, each and every, shall be immed~ately due and payab!e; wheth¢~ or not fhare be nonce d~
+nand, attempt to colled or suit pend~ng; and the tull amount of each and every such payment ahal~ bear interes~ from ~he date ~hereoi until pa~d al the
r,~re of nine pCr crnt~m per an~~u~n; and all sa~d costs, cnaryes and ex;,e~~ses incwred a paid, togethrr w.th such i~eterest, shall be secured by the i~~~ of th~s
martg~ge.
6. Tha1 (a) in the event of any breach of th~s Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of sa:d sums of mo~ey
herein referred to be not promprty and futly paid within thi~ty (30) d.+ys ncAt aiter the sarne seve~a'!y become due and payable, without dema~x! or ootice.
er (c) in the event each and every ?he si~pulahons, agreements, cond~t~ons and co.enan~s of sa.d prom~ssory rto~e and th s mortga9e any or e~ther are no1
iuly, promptly and fuHy perfonned, d:scharged, executed, eftected, cort+pleted, compGed w~ih and a~~d~d Sy, tt~n in e~ther or any such eve~~t the sa~d ag
~regate sum mtntioned in said p~om~ssory note thzn re~naining unpa~d, wi~h intere,t aa~ued, and aU mo~cys set~red hereby, shatl become d~e and pay-
ao',e forthwith," or thereafeer, at thr opnon of said M0~2TGAGEE, as (ully and comple~ely as ii all of il,e said sums of money were onginally st~pUlaied
to be pald on such d;;y, anything in sa d prom~ssory note or in this blorrgage to rhe contra~y no~.v~thsrand,~~g; and thereupon or thereafter at the op~ion of
s~:d MORTGAGEE, without notlte or demand, suit at law or in equrty, thrrefore w thereafier beg~n, may 6e prosecuted as if all me~eys secured hereby
r.;d matured pr.or to ~ts institvtion.
7_ ihat ir. the event that at the beginn~ng of or at any ti~ne pend~ng any su~t upon this Mortgage, a to Ioreclose it, or fo reform i1, or to enforce
~ ayment of any tlaims Qe~eundcr, said MORTGAGEE shall apply to the Court hav~~:g jur~sd,cr~on thereot for ~he appo~ntmeM of a Receiver, such Court ahall
fo;thwifh appo~nt a receive~ of said mortgag~~d property alt an~ singutar, ~ndud,ng ai1 and singular the income, p~ofits, issues and revenues from whatever
sau-ce drrived. each and every of,wh~ch, it being eap~essly unders~ood, is hereby n,or~gaged as if spec~fically set (orth and deuribed in the grant~ng and
habendum cla~ses hereof, and such Rece~ver shail have ail the broad and effec~~ve funct ons and powers in anyw~se entrusted by a Court to a Receiver, and
s.ch appoin:ment shafl be made by svch Courf as a~ adm;tted equity and a marrer of absolure r~ght to sald MORTGAGEE, a~d ~ithaut reference to the
ar'equ;ty or inadeq~aty of the vatve of the properiy mortgaged or to the so:vency or mse,vency o~ said MORTGAGOR or the defe~~dants, and that S~ch
r~,nes, profits, income, issves and revenues sha~l be appGed by such Recerver accord~ng to the lien or equity of said MORTGAGEf and the prectice of such
Court,
8. To duty, pramptly and fully perform, dischargQ, execute, effect, complete, comply w~th and abide by each and every the stipulations, agree~nents,
conditions and covenams ~n sa~d promissory no~e and th~s morrgage set forth.
9. That 1a the event ~he ownersh:p of the mortgaged prem~ses, cr any part thereof, ~ecomes vested in a person other ihan the MORTGAGOQ, the
:'ORTGAGFF, its suzcessors and ass~gr,s, may, w::hout notice to the A10RTGAOR, deaf with such successor w successor in lnterest ~vith reference to this
n:ortgage and the d_of hereby secured in ihe same manr.er ai wdth l.tcrtgago+ wAhp~t in any way vitiating or d~scharging fhe Mertgogors' lidbility here-
under or upon tne debt hereby secur~d. IVO sate of the Frerr.rses hereby mortgaged ar.d ae fo:bea~ante on the part of the MORTGAGEE w its svccessors
or assigns ar.d no Exrens~on of fhe t;;ne fo• the payment of rhe debt hereby secured given by the MORTGAGEE or its successors or ass~gns, a1;ai1 operate
ro release, d~scharge, modify change or affect the original tiabifty of the MORTGAGOR herein, either in whole or in parL •
10. It is spedficalfy agreed that time is of th~ essence oi thls tontract and that no waiver oI any oblfgateon he~eunder or of fhe obfigatian sr
cured hereby shal~ at any tinte thereafter be hetd to be a waEver of tbe terms hereof or of the instrunieM secured herby.
1 L In a;id:ron to the iorego ~,3 rnonthfv {>dym^nti of princ'pa! and i.,r:,:est requ~red by the prom~sscry ~o~e secwed hereb~, mortga~~r covenants
d agr~~es to pay to n:ortgaqee ~r.h each monthiy pay.,,enr an odd~~ionat sum es!~n,ar~d b~ mortgagee to be equal to l, 12 of t~ze an;ival cost of the foliow-
.>y:
A-A!I real property tax~s {ev~e~ or assessed agai,st th~ above describ•,d rial estate.
D-FfdR'.IU'~75 on fire and w~ndsronn mwrarce as he!e~n .equ~red to be ca~~~ed on the :mproveme~ts s:tuate on the above d=scribed premises.
C-Prem~u~rs o~ such mort~nge guaranty inwra~.ce as mortgagee sha;l from ;:me to ti~ne deem fit tu carry on the foan secured !~ereby.
hlo.tgagez s'~srt fr~m eLne to t~~>c ncrlfy mongogcr ~n w.)nng ot fhe amou~t due and payable hereundrr and such surn sh~l•, thereupon be due and
,yabte on the d~e ciare oi rh= n•~xt n~.o~thi~ payn:ent ard each successive month tnereafter uctii mortgagee shall not~fy mortgagor of a change in such
~~~nt. Such su,ns sha.i be app'ied by morr9ay~~e tov~ard tAe payment of reai property taxes, ins~ra~tce prem.ums, and mortgage gua~anfy insutante
:~•emivms.
IN k'11TNESS Y:HEREOf, the sal~ MORTGAG R has here~nto set his ha~;d and seal the day and year first afo+esaid.
Signed, Sealed a. e~~ ered . the presenc of: -
- ~C ~Seal)
" . ~ ~(.+~-F~Lt- ~ • Gl-~~~ (Seaq
~ f ~ - J ~ , ~ (Seal)
. (Seal)
~
~TAiE OF fIORIDA ~
' St. I,ucie
cour~rr oF ~ -
;
! Before me personally a peared Rusaell M. (w'~CZO1X and
~ ~Z~a M~ ~Cl'O1X his wife, to me well known and known fo me t0 be
rh~ individuals desaibed in and who execured th~ forego;ng instrurnent, and acknowledged before me that they executed the same for ths purposes
therein expressed. And the said_ ~112~ M~ ~CYO1X '
' f:~fe oi the sa~d Ruasell M• j.dClO~X ~ '
~P4~'a-~epaW~~~M~ privat~ '
<.jminat:on by me ta4en separate and apart from 6er said h~sband, a.-knowled.~ed to and belore me that she eaecuted said iqsfralir~ 'freely,a~id.voturar''~
~enly a~d w+thout any compu+sion, co~straint, appieh s: n~er fear of or from her id husband. r ~c;
3
WIiNESS my hand and off.~al seal this_ ' _ day of NO q Q ~y.J2 ~r .
' ~ -;~~'g
~
- otary Public in and or th~ Stat~qf•f da at ~rgq~ ;L'
y Commission expires: ~ ~
Rerurn To: ` > '~•S • .
First federal Savings 3 loan Association .
~ S' ~
Of Fc~r P ce. .
' iort Pie:ce. Florida
FILE~ eM^ RfC;~RpfD '
ST. LUC~E CaUNTY F~A,
RO~LY P~tTP,~s ~
CLERK'~::?CUiT COUATI'~
This Instrument Prepared 8y J. H. Roberts, Jr. aFr.o~n ;Fp~-~cn~~
Fi~st Federal Savings 8~ loan Association '
; of Fort Pierce ~ Rloxida ~ 1~ 3 53 PM ~T j
j~
Checked B;~_~
o ~ z~ 242608
ao~K P~c:f~~
~
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