HomeMy WebLinkAbout1721 3. To piace and wntinuousiy keep on tne bu~ dar,y~ now or hareeiter s~h,a~e an so.d land and on aP, ,:qv:p~ncnt a~.d personaily covered by tnis mwtg-
ege, wi111 all prem~wns fharcon pd~d ~n iull, iire insur~nce in tha us~al stindo~t~ po!~ty form, in a Sum aHpioved by the M:~R~v:.GFE, d~:d windstOim
~nw~ance in the ui~al et,~nda~d pot.cy foim, in a sum approveJ by ~he AIORIGAGEE, in iuch to~np~ny or co~n~~a~nes as the hIORIGAGfE may
duect; and aN fire and w~nJs~orm ~nswance po:ic,es on any of sa~d buitd,ng~, any interes~ therein or parl Ihareof, in Ihe agg<<gate s~m afo~es:~~d or
i~ eacess ~hereo(, sAall :onta~n the usuat s~anJard mo;igagae ciause o~ such o~her c:ause as ~he Mortgagee may requ,re, makhxJ ~nN toss undr~ s~~d poli-
c~zs, cach and evrry, payab:r to sa~d htpRiGAGEE as ~ts utir~•r~•st may app~:ar, and eath and eve~y such po'~cy sh~tl be prwr.ptly ass gn.d o=~d dr~n~rcd to
eny held by said 610RfGAGiE as f~nhr~ s~cui~ty to said mor~ya~e d._bt, end, not fesa ~han ten ;101 days ~n ad.:,~~ce ol th~ exp~rot;on of cach polky, to dr
I~ver lo said MORTGAGEE a renewal thereof, together with a rece~p~ for Iha prem~um ot such renrwai; ond thrre sFw;l be no }~re o~ v.::~Js~e m ir.surance
placed on any of said bui!d~ngs, any interest thcre+~ or part thereof, un!ess in the fonn and wah the ioss payob!e as aforesa~d; a~d in the e~ent any sum
of money becomas payable ~nder sucn poGcy or pol~c~as sa~d MORTG~GEE iha~l have ~he opnon to ~rcr~ve ond apN!y rhe aa~ne on aao~~~t ol thz ind.•br~d-
ness aecured heraby or to permit s~~d ?AORiGAGORS to rece~ve and use it a rny ~,~n fhereof for e:~~_~~ Hu~; ~ses. ::,~~:,..t ch:~.~,, ,a,.r.-
ing any equ~ty, lien or riyht undar or by virt~t of this mo:tgage; and in the event sa d h10RTGAGORS s}»!I fo~ any re~so~ fa~l to k~ep ~he sa~d pre~nif_~ so
Insured, or fail to deGve~ promptly any of sa~d pol~cies of i,~surance to sa d MORfGAGEE, e~ f.,~t pror+~prly to pay fu1~y any pre•~1.,;~n the~,:for o~ in a~y ~
respc•a fai! to perform, d~schar9e, execure, effe:t, canyleta, comply wirh and ab~de by this covenant, or any per~ hrreoi, seid Mp2TGAGEE mey piace a~o
pay for avch insurance o~ any part tf~ereof w~thout waiving or afiecting any option, I~en, equ~~y. or ngM under or b~ virfue of rhis h~ortgege, and the
f~ti arno~nt of each a~~d e.ery such payment sha!! be imrr~ediate+y due and payabEe and ahall brar inte~~•st irom tha date thercof w~t~l pa~d at the ~a~e of
n~ne per ce~twn per annu-~~ and to.~_•th~r v~i!h wch intcr~st shail Le secured by Ihe lien of this mOrlgage.
d. To permit, commit w suffer no waste, impairment oi dNeriorat~on of Sai~ property or any part thereof.
5. To pay all and sirx~ular the costs, tharges ar.d expe„ses, ~Acluding a reasonabte anorrtey's fee and <osts of abstracts ot ti~le, incurred oi paid af
,ny tin:e by sa~d M~RiGAG:f, becaose er in ~he event of thr fa:Iure on the part oF ~he said MORTGAGOR to duty, p~o-nNity and futly ; erform, d~scharge.
_~ec~re, effecl, complete, comply wnh and ab de by each and every ihe st~pu~at,ons, agreements, condii~ons, and tovenants oi se~d pronussory note and ~his
n:ortgage any or e~~her, a~ed sa~d cosn, charges and eapenses, each and every, sha? be immrd~atety due ~nd payab:e; v.h~~ther or noi thrre be no~~ce dr
mand, attemp~ ~o coliect or suit pend.ng; and ~he fvll amount of each and e~ery such payme~t shall bear in~cres~ from the date thereof until pa~d at the
i.~t~- o; n,ne per centum N~r an~w~~; und all sa~d costs, c~~arq~s and e~pr~~ses incurred w pa~d, together w~th such inte~rst, shall be secured by the I~en of th;~
mor tgage.
6. That (a) in the evenf of any brra.h of this Mortgsge or default on tM part of the M~R7GAGOR, or ~b) ~n the evem any oi sa'd suma of monry
herein referred to be not promptiy and futly pa~d w~rhin thaty (30i days aext a?ta~ the same srvera::y beca~~e due and payab!e, wifl~out demand or norice, -
o. (c) in thr evant each and eve~y rh~ st~pulations, at~retments, condi;ions and covenanis ot sa,d prom;ssu~y noir and ih:s mortgage any or e~ther are not
iuly, prompt(y an~f t~tly performzd, d scharged, ezewtad, effected, tompteted, comp;~ed v~nh and ao~ded `ay. ~hen in e~~her or any such event the sa~d ag-
gregate sum meniro~~ed ~n sa~d pron~~ssory nute then rcinaining unpaid, w~th inre~esr accrued, and ai! monrys secured hereby, shall becoR~e d~e and pa/•
aoie forthwith, or thereafter, at the cp!io~ of sa~d MORiGAG~E, as fulty and comp!e~ety as ii ail of tf~r sa~d su~ns of money v~ere or~g~nally s~~putated
to be pa;d on such d:,y, anythinq in sa d pro:n:uory nete or in this Mortgage ~o the contrary not,nl~hstand~ng; and tha~eupon or thereafter at the opKon of
sa:d MORiGAGEE, wirhout nor~ce o~ demand, su;1 at iaw or in equ~ty, thrrefore or theredttrr begun, may be p~osecuted as if atl moneys secured hereby
n::d matured prior to ~ts ~nst~tut:on.
7. That in 1F+e event that at the beginn~ng ut or at any time pending any su~t upon t1~is Mortgage, or to foreclose it, or to reform it, or to enforce
payment of any c!aims hereund•ar, said ~AORTGAGFE sha!1 app}y to !he Cov~t having ju~+sd,a:on ti~ereot ior the appo~nunent of a Rece~ier, s~ch Court shall
fc~thwirk appo~nt a recei~e~ of s.~~d mertgaged property aH and s~nguiar, includ~ng a~! and s~ngv~ar thz ;r.~o~ne, profrts, nsues ar.d reven„es irom whotever
sowce de~ived, each and every of w~,~ch, it br~ng ~xNress~y unders+ood, is hereby morrgeged as if spec~frcalty set fo:th and desuibad in rAe gianting and
h3bendum c:auses hereof, and such Receiver sha~l have ai~ the broad and effecnve funa.ons and powers in anyv~se entruse~d by a Ccuii to a Receiver, and
s~ch appuintment sha~l be made by s~ch Co,:rt as an ad~utt~d eguity and a matter of absot~te right ta said MORfGA6EEp-and w~thout ~e~e~e.ece ro tf~e
r.deq.racy or inadeqvacy oi ~he val~e of the p.ope~fy mo,tgaqed ar to the so.vency or inso~vency of said MORiGAGOR o~ the dr4zndants, and ihat such
^=•~•s, profits, income, iss~~es ar+d revr~~es ahaii be appt~ed by such Recniver accord~r.q to the fien ar eq~ity of said MORTGAGEE and the prachce of such
Court.
8: To duty, promptfy and fu~!y per(orm, d~scharge, exec~te, effect, complere, comply w~~h and abide by each and every the st~pulations, agreements,
conditions and covenants ~n sa~d promissory note and ~his morfgage set forth.
9. That in the event th~ ownership of thQ mortgaged prem~ses, o• any part thereof, bocomes vested in a pe.son oiner than the MORTGAGpR, the
r'~RTGAGEE, its wctesson and ass3ns, may, wi~hovt r.o!ice to the h10RTGAOR, deal w~th such successor or successor in inlerest wiih reterence to this
r o tgage ar.d the drbt hereby secured in th~ same manne~ as wish tAortgagor without in any way vihating or d~Xharging the Nlortgagors" IiabiGty Flere-
der o: upo~ the debt hereby sec~red. No sale of ~he p.emises hc~eby mortg;ged and no lofiea+ance on ihe part of the 110i2TGAGEf or its s~ctessors
o~ ass~gns and no exrer.sion ef nc~ f~me for rhe payment of the debt h~reby securzd g~ven by the MORTGAGEE or its svccessors or ass~gns, ahall operate
~o release, d~scharge, modify change or affect the prigmal liabi:[t~ of the MORiGAGOR herein, either in whole or in part. -
10. h is spec~f~cafiy agreed rhat time is of thr esse~ce of th;s contract and that no waiver of any obl~gat~on hereunder w of ~he obligation sr
cured hereby shall at any time rhereatter be heid to be a wa~ver of the terms he~eef or of the instr~meM secured herby.
I1. In atid:t:on to the iorego ng mpn}h!y ~ay:n~nts of pri~c pal ano imerev requ~red by the prem sicry no'e secv+ed ha•eb~, mo:tgagor covenants
d ag~~es to pay to rrortgagee vtith each n onth;y ;;.~~~..en, on add~r,onal wm esr~ .~~ed by mortgagee tc be equal to 1. 12 of the annual cosr of ihe foliow-
r
A-RN real proper~y rax~~ leveed or assesseci vy.~i•~st thc ai;ove descri~cd roal es+ate.
B-Frcm:uins o~ fire and w~ndstorm ~nsu:arce as iiere~n requ~~ed to tr~ ca~r.ed cn 1he ~mproveme~ts s~tuate o~ the abovc descr~bed premises.
C-Fre:n~;,~•,s on wch n,ort~>gE g~aranty ir.wra~ ce as mcrfgr.yee shalt !rc•r. t me to time d-eem fit to tarry on the loan sec~red hereby.
Mo.tgagee s:^.e!! frcn: t~r.e to ~~^:e norif~ mcrry,gcr ~n v~nt;ng of the a.-•ouot d.,e and payatte hereundar and svch s~:n shai! there~pon be due ared
.~;abfe on the c:ue riate cf ~ne ne~t mo~th:y pay~nent and each successi.e Tonth ti,ereatrer until mcrtgagee shall not:fy mortgagor oi a change in wch
~~nt. Such su:r.s sHa:f be ap,~:ied by mortgag~ae ror:ard tne payment o! real property taxes, rnsura~itr pren:.~ms, and mortgage guaranty insurance
•emiums.
1'J \`:ITNESS ':~HcREOF, the said MORTGAGOR has he~e~~to set his ha~~d and seal th>_ day and year firsl aforesaid.
~ n Seai a. \delivered in the presence of:
` ~ ~~r ` ~ ~ ti . j~~?
~ ,e,~C. r l(. ' . ~rt.~'7y Seat
. ~fi" ( 1
- ~ +
`~r ~ . - , - -(Seal)
- L - - 5..~~~~b~,~! _ (Seaq
- - ' ~ (Seaq
S~ATE OF FIORiDA ~
St . Luc i e u•
~OUN1Y OF _ ~
Be~ore me personalfy appeared Marjorie Betts Gaskin, a sinale adult a/k/a Marjorie Gaskin
' - ~~~r„ to me well kno~yr~~~~~~Criby~~~ tp b~
!h~ individual;/desuibed in and who executed _the foregoing instrument, and acknowledged before me thatah~i exec~utl~ tha ~r~'~j9fif p~r?poses
:
rherein expressed. ~ocitb~ aaid_ _ - ~ ' ' ~i,. t.
+ii?e ~L th4 sai~i. . - ' _ ~ Tse ~ . , .
~j~c~rutioo b~ o~ sakon.sar~a~Ta ~o~i aw.t iraa bac sa+~ 6:u4aori adcoo~lc +c~ed to.aod befvc~ ~ that.she.ex~L~i~iPi R,t Lf;~~ ~
3~Y'~
~ ur_and ~.t4oytaox recwuisiav~cea~l; ~ini._a~arehe ,o ~c t~a~_af ~t Sr¢~a bec i~idJu+i~~ti!• ~ - : • ~ :
n...,~
WITNE55 my hand and official seat this_ t' ~ day of_ ,'-l NOV e$~I: tJ ~.lq~ D: ~9 72
."_y,- ~ i ~ : ~ , ~ -
Nofary Pub:~c in and for t6~'S~~ f fbr ~da•~arge
My Commission expires: ~ " '
Ret~~n To: NOTARY PUBIIC, $T~ ~ FLpQIDA et UIRGE
First Federal Savings 3 toan Assoc~at;on MY COAII/lS510Y EJ(PIRFS SEPT. 25, 1975
or ~o-r P:..•~e. BondeA By M?erican BanRert Insu~ance ta.
fprt P;erce, Fi:.r;da
? ~Co r~~C~3DE0
S~. LUC~C ~1;NTY i~A.
This Instrument Prepared By D. F. HOlezger ~G4= ~tS ~
First Federal Savings & Loan Association ~`C~
E3 r :~,~i ~~URT t
of Fort Pierce ~ Fjorida
Checked By C ~ " 17
~r~o~~~ v~t~~.'~ 24Z~s3
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