HomeMy WebLinkAbout1723 3. To plate and co~~~~nuc~sly lerp on the bui'd~n3s now or t~eresErer •~tua~e on said land and on ~11 ~•qu~~ ~nrM JnC~ FrrSOnd~Iy cuvrr~d by this mortg•
ege, w:t~ all prrn:~v:ns thrteon ~~a d~n fu!I, ti~c ;ns~r,nce in t:•~c ~Swl sten~.~rd po!~cy 1orm, in a s~~~i a~.prc.rd by tha h10R::,AGEE, a~~d windsto~m
~~surance in ~hr unual s~anda~d ~.of.cy form, i~ a s.~m approred by thr MORTGAGEE, in s~ch con,pany o~ Cv`m~~dn~2t as rhe ti40RIi,AGEE m~y
d~rect; and all (ne o~.d wmduorm 6~sur.~n~e Foi~ucs on any of sa~d bui~d:ngs, any intere:t tharein or part th~rcof, in the ag~~~ga~e sum atoresa~d o~
in excess th~reei, s~all ;on~~~n rhe usual sia~:dard ~nur~yey~~ c:ause or such o~her ci,~,;se as the Mo~tyayee n,ay reyu.re, ma~i~~g ~he icss under se,d poli-
c(es, each and a~ery, paYab:e ~o s~~d At~RTGAGEE as ~ts inr~rast n~ay appear, and each and e~e.y such Fw.~:~ sh,{t !x pror~NUy assg~:~J a~~d da:~v~n,d ~o
any hetd by sa~d h10RIGAGEE as funhar ~ecui~ty to sa~d n:or~g.~ge d~bt, and, not less than ten (10) days in ad~,nce of thz exp~r,!~o~ of eech pol~cy, ~o de-
I~ver ~o said 1AORSGAGEE a rr,iewal ~h4reof, to~e~hrr w~th a rece~pt (or tf~ premium of suth ~enewa'; and tl~~~e shal! be ~to fae er w;~,dsro•~n inwrance
p:aced on any of sa:d b~~td~ngs, any interest the~em or part thereof, unles: in the form ar,d w~~h the lots F?ayou!e as a(oresaid; and in the eveM any sum
of mo~ey betanes payabie undrr s~cfi policy or poGcies s~id AIURTGAGEE shall ~ave the opt;on to reca~ve and ~pp!y ttia a~~ne on aauu:v o( the ind~•bt~d-
neis Secured h2r~by or to pe~rnit said 61C~RTl3AGOR5 to reteivc and usQ i? Or oriy p~r1 thc~:eof tcr o:n•. r~.,,r} ~ses. ...t~~.~..;t ~h. .ti..~.: ~,3 .~~:p..~r
ing any equ~ty, Ilen ot riglit ~nd~r or by vi~lue of this mo':yage; and in the evem sa d MQRTGAGORS sl~a!I for any rcason fail to krep the sa~d prcmis:S so
insurrd, oa (ail to de!~ver pro~nptly any of said pol:uts of ~nsurance to sa~d MORTGAGEE, e~ Fai~ prompNy to pay f~:~y a1~y prr•n.~m thcrefor or in a~~y
respect fail to perform, d~s.t,arge, ex~-cuer, eftec~, cempl~fa, co"_pty with and a5~de by th~s covenant, or any p,~t h_rrof, sr~d MORIGAGEE may piace a:o
pay fa such inwr.~nce or any par~ if,eieof w~fhout .vaiving or afFecti~ig any op~~on, tien, equny, or r;~ht under or 6y v~rtue oi +hh Mortgage, ard rhe
fuN amount of each and e.ery such pay~rtenf sh~ll be itnmcdiately d~e and payable and shalt brar imerest from ~hc dar3 th~rrof unfit p~~d at the rate ol
n~ne per cen!wn per ann~m and ;o~eti~,r ~~th such ~nter~st shal~ be secured by the Gen oi thls mortgage.
4. 1o permit, tommit or suffer no waste, impairm~nt or deter~orahon of sa~d property or any part thereof.
5. To pay all and singuiar ~he costs, charges and e~penaes, ~nciuding a rrasor.able atrorneY~s fee and costs oi abitrac;s of titte, incurrrd or pald at
any tin,a by sa~d MGRTGAG`_E, brcavse o~ in ~ne evenr of th~ Ea~i~re on the part of the sa~d MORTGAGOR to du~y, pro~~:Ntly and fwly per}orm, d~scharge.
_xewtr, efFec~, comptrte, compty wnh and ab.de by each and every the snp~lancns, agreen,ents, cond~t~ons, and covenants of sa~d prQ~,~~>sory nr:e a~:d ~h~s
~-o+~gage any or e~ther, and sa d cosrs, charges and expenses, each arfd every, sha~! be emmrd;ately due and payab:e; whrrhe~ or not fh~•r~ be nonce da
m~nd, atrempi to co:lect or auit pend,n9; and thr futl amoun? oi each and every svch payment shall bear imeres+ frwn ~he date thereof umil paid at the
~•~ie oi n~ne per cenwm Nar on~~:..v; an~ ei~ s~~d ccs~s, c1.a:y~s and cxprnses ~ncurr~ or pa~d, tog~ther ti~.th wch interest, shall be secured by the l~cn o) th~s
morlgage.
G. That (a) in th~ evem of any U~each of Ihis hlortgage or defa~lt on ihe part of tha MORiGAGOR, or ;b) in the eve~t any of satd sums of money
herein referred to be not promptty and f~lly Paid ~Nnh~n th~rty (30) days +~ext arter fhe same severauy become d~e and payabte, w~thaut demand or notice,
e: (t) in ?hr evem each and eve~y the st~p~:at~ons, agrermants, cond~t~au ar.d covenants of sa.d prom~asory note and th~s mortgage eny or e~~her are no~
iuly, promptty an~ iulfy perfonned, d.s:harg_~d. executed. effected, comp:eted, compi,ed wi~h and at~ded Sy, then in enher or any such evem the sa:d ag
gregate sum menhoned in said From~ssory ncte then ien:a~ning ~npa~d, wirh intrrrst accrurd, and a:i mcnays secured hereby, shall become due and pay-
aq,e fo~th.v~th, o~ thzreaher, at the op'~on ot so~d 1NORTGAGEE, as ful~y arw~ complete!y as ii atf of the sa~d su:ns of money ~nere or,gina:ly st~pu:atcd
to be pa.d on Svth d::y, anylhing in sa.d p~o:n:ssory note or ir. this tllortgage to the contrary nor,vithstand~ny; and thercupon or therrafter at ihe opt~on o!
sa d MflRTGAGEE, w~thcut not~te or demand, su~t at law cr in equ~ty, therefore or ~hereahe• begun, may t~e prosewted as if a11 monrys secured hereby
r.<d mat~red pnor to as mstrtut~on.
7. That in the event that at ~he beyinn,ng o( or at any time pend~ng a~y su~t upon this Mortgage, or to forectose it, or to reform it, or ro enforce
~ayment of any t!aims he~eunu~r, said I1!UR7Gi+GFF snaC opYfy to the Court i~aving ~u•.sd.cnon thereot }or the appo~ntment of a Rece~ver, such Cour~ shatl
rc:thwith appoint a.ece~ver of s..~d mortgagrd proprrty aSt and s~n3u:ar, in~lud.ng aU and sl~.gu:ar r.,e ir,ceme, pruf+ts, iuves acd revenves (rom whatever
s_~rce drrived, each and ev.:ry o~ .vt~~ch_ ~i be~ng zxNressty und~rsrcod, ~s ?~ereby me.rgag_•d as ;f speofica!Jy set fonh a~d destntxd in the grant~:,g and
h3ber.dum dauses hareof, and suth Receirer shau have al~ the broad and efiect:ve f~Rct.ons and powers in anywisr entrusted by a Cow•t to a Recriver, and
s_ ch appointment shail oe made by svch ~ourt as an ad nitrrd rqvity and a maeeer of absolute r;ght to safd MORTGAGff; and w~thout reference ro the
e.?equacy w~nadrq~acy of the value of the p~operty morrgaged or to the so.vency or ~nsotventy of said MORfGAGOR a the defz~,dan!s, and that such
p:aEiu, •..::a-r.e, :ss~es and rever.ucs sha!i app!;.:d ~y svch Recewe.• acco.d~~~g rq the iien or rquit~ o! said MORiGAGEE and the pracnce of such
Court.
8. To duly, prompt,y and f~lly peiform, d~s:harge, execufe, effect, compirre, compl~r w~~h and abide by each and every the stipu:ations, agree:neMS,
ccnd~uons and covenanrs m said prom~sso~y ~ore and th~s mortgage se~ 4orth.
9 That in tF.e e4•^nt the ownership of the mortgaged pren,~ses, or a~y part thereof, becomes vested in a person other than the MORTGAGOR, the
"~RtGAGE', ~ts successors ar.d ass~gns, may, withaut notice ro rhe AtO+~IGFOR, deal tiv,rh surh successcr or successor in ~me~est w~rh rrference to thls
~ m~gage and rhe d_ot F,ereby sec~~ed in the same ma~ne. as with 1Aortgago~ v~:tFwut in any .vay vit,ating or d:scharg~ng the Margagori iiability here-
~:~.der or upon the debt here:;r se:ured. No sa:e of the Fr~mhes h~~reby mo~tg;grd acd no forbeerance on t~e psrt oi the !40RIG:lGEE or its s~ccessors
o• ass;gns and ro ez!e~~sloo of the rime for thr payment of the debt here~y sewred give~ by the MORiGAGEE or its auctessors or assigns, anall operate
ro re~ease, d.scharge, modlfy ~hange or affect the o•~y~nal iia~~I:ty of ihe A.QRTGAGOR herein, e~ther in wfiole w in part.
10. It is spec!flc~~iy agreed that t~~ne +s of the essen~e of th~s <ontract and that no waiver of any ob!~gat~on hereunder or of the ob!igat;on se-
t~:red he~eby sha•; ar an~ t;rne ~herrabter ~ he;rJ to be a wa~~er of the terms hereof or of the instrumem secvred herby.
I1. !n ,;jd t;
~n 'o r:i iore,,,~ n~ rr.~n!h',r cay„•_n!s of ;;!i:ec pai and in!r.est requir~~d by the p~o~r,;sscry nNe s.~cu~ed hMebi, mo:tgagor eovenaMs
~:i ag~ees to pa~ ~o r:c-?y,a~ee w„h eam r. ~r.•!,.y N.3~~. e.;t an e:id.:~~na~ wm csr ared by mo-tgagee to be equal to 1 12 of the anr~al cost of tAe foifow-
3:
A-d!! real ~;rope•ty taxes ~e.,ed o+ ass-,sxd ry:i•st the ahove desc•6c.cd r,al es:ate.
6 Fr;~n!u~ns on f~re ar,d v,ir.cliturrn ir,yur,~r.t~ a5 nere~n rrq~~red to be carr:~d on the :mrrovemeits s~tvate on th~ above d:saibed premises.
C-Prem~~m.s o~ auch r ort~ •~e g~a=anty ics~ra•.ce as mortgagee shall frc^• ~ me to t~~ne deem fit to ca~ry on the loan sewred hereby.
Mortgagee s~~i' `rcm ti:;ie to ti•ne nor:f; mortyagcr m writmg of the an o~~t d~e and payable hereund~~r and suth su~n sha;! thereupon be due and
. r.ab!e on th~ d.;e d~re of ih~ n~•xt :*:o~th:y payment and esch successive month thereaft~r ur,tii mortgagee shall not~fy rrq.tgagor of a change in such
oun~. Such su.rz sha.k z,e apE,!~~-d by mortga~~:e tov:ard the payment of real property taxes, insu:a~uc prem;ums, and mortgage guaran(y ] ance
. e•n~um3.
~ ~~l ~ l}
IN \VITNE~S 'NNER~OF, the sa MORT GOR has hereunto set his h3~~d and seal the day and year iirs± aforesaid. •
Signed, ar.d ' er in the pres e of:
, FILEd ANC P.ECOROED ~ • .
- - ST. lUC!E COt1NiY fLA. ~ - - =
RGCEr•• ?GsTRAS n . a ez :
- CIERA C~;,CWT COURT ~ ~ ~ ~ ~ ~ ~ - ~•l9e~Q
~ - aEC^R~ vE- =~EU - ` ' {sen~F
~ . • i .
~ 29 9 i~ pM Az j~ne . Ba a .
;T:iE Of FIORIDA , ' f ' ,ti,~,~ ~
Bro~?ara ~42'764 • - ~ .
, COUNTY Of ~ ~ ~ "-.',!••n G•'•• \
Before me personaily appeared ~Ot1 R. Bak,er and
Ar 1 vno F~akg= his wiie, to me weN known a~d known to me to be
tne individuais descr~b•_d in and who execured the faregoing instrument, and acknowledged before me that they executed the sarne (or the purposes
rhe•ein expressed. And the sa~d___ Arly~F. Ba~Z
s•~Fe of the sa~d p,p~ B~k~ upon a separase and private
e.am~nat~on by me taRen sepa~ate a~d aoart from her said husband, a:knowledged to and before me that she executed said instru~nent freely and volun-
~•,~y and w:thovt any compuizion, co~srraint, apprehans:on, or fear ot or from her said husband.
WITNESS my hand and offic+a! sea! Tbis_ day of Nove~ber , A. D. 19-2~
T. f~i . ~ 04~--~ i~7--'-
Notary Public in a~d~ th/ e State of Florida at large
My Comm~ssion eapires:
Return To: -
First Federal Savings d~ loan Associat,on
pf ~~rt P e
Fort Pie:ce. Flor~lde ~0~3~}~ Y-~r. f4-t,. ~'!n.~~~ s~ rgs~
M,~ • ilt4, . s 31~s
~~cnd~a a . . - • ~ ..._•n, cw
This Instrument Prepared By .7. H. Roberts~ Jr. r r,~_;-~:
First Federai Savings & Loan Association • f
of Fort Pierce , FloZida ' ~ • • ~ `4i
_ i: . , • _~t-: M~ +rl!v
Checked ey 1`
lDOX~~ PACF~ I~.J
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