HomeMy WebLinkAbout1729 To place and co~t~n~u~sty k~ep on the bui'~:~:gs ne+v or hereaf~er s~tua~e on sa~d land and on ,~l~ equiprnaN and p?rsonaliy covered by th~s mortg-
ege, w~th ali p~em;ums ~hr~eon pa d~n full, i~ie u~surence :n tha ~sual srar~ard pol~cy form, in a eum aFpr~vrd by thr MOR~:,%~GEE, and windntunn
~nwrancr i~ ~ha usual st~~~dard poi•cy torm, in a s~m appro.ed by the h~ORTGAGEE; in such cornp~ny or co:nf,an;es. as the A~ORiGAGEE rn~y
duecf; snd all iire and w~nditerm inw~ance po!ic~rs un any of sa~d buiid~nys, any interest therein or part thereof, in the agg~~ga~e sum aforesa~d o~
in excess thr~eof, shall con~sin ~he usvai sta~~d~rd morrgegrC ua~se or such other clause as the Mo~tydyee may reqy.re, n:a~~ng ihz tcas w~drr ~a~d poli-
c~es, each and ever/, payabir to sn~d AIJRTGAGfE as ~~s iroa~ast ma~ appear, and each and e~ery such p~ cy sl~aii 1~ prompfiy assgned a:~,d deGc~•red ~o
eny held by sa~d MORIvAGEE as funhar saw~ity ro sa+d n:ortg3ge daot, and, no~ :ess than ien (!0) days in ad.~nce of ~he exp~:a~~on of each po6cy, to dr-
Gver to said MORiGAGEE a rrnewai thereof, rogerhar wrth a rece~pt for 1he premwm o1 suth rene+~a~; and ~hrre a!wtl L•e no i~re or .v~~duorm ir.surance
placed on a~y of said b~ild~ngs, any interest there~n or part thereof, unless in the (orm and with ~he loss payob'e as afo~esa~d; and in the eveM any sum
of money beca::es payab!e under s~ch po:icy or pofues said h!ORTGAGEE shall have the uHt,on to ~ec.r~ve a~~d apN!~ tne sa~ne on aaou:it of the indebt~d-
ness secured hr~eby w to pern~~t sa~d 1dORTGAGORS ~o reccive and use i? w a~~y p~~~ ~ha:eoF to: o:~~• r~;~r~_ ~s• s. ~•.~~i,,,.r ~t~: u. :7 p-~~-
ing any equ~ty, Gen or right under or by virtue of th~s mo~'gage; and in the evem sa:d nto~TGaGO2S shall for any reason fail to keep the sa~d prem~s s so
fnsurrd, or lail ro dr!~~er promptly any ef s~id po~~c:es of inwrance to sald MORTGAGEE, or fa~' promptly to pay fully any pre~n;,,m ~herefor or ~n a~y
respect fait to perferm, disch~rge, e.~•cu~e, effect, ca„p;e!e, co:nply wi~h and abide by this covanant, or any p.,rt ?,rreol, saiJ MuRTGAGEE may p~aca a~o
pay for suth insurante or any part ~hcre~f v:rtho~t waivinq w affetting any opt~oo, iien, equny, or rigM under or b~ vinue oS this Mortgage, and the
full amount of each and every such payrn~~nt shaU be ~mmediately d~e ar.d payab~e ar~d shatl bear interest from tha date the~eof until p.,~d at the rare of
n~ne pcr tcntum per a~~:w~n and to~_~h_~r w~th s~;h i~~r~~res~ sh~ti br s~wred by the I~e~ of th~s mottgage.
1. To permit, commit a suffer no waste, impaimacnt pr dcterioration of said property w any part th~rcaf.
S. To pay all and sinyular the costs, charges and expemes, ~~x:vdf~~g a reasonable attorney's fee and ces~s ot abstracts of t~t!e, incuned or pa~d at
any time by sa~d MORTGAG:E, beca~se or in ~he erent of ~he fa~l~re on ine part of ~he said h1~RTGAGOR to d~,y, promptty a•~d futly pe.fonn, d~s.~~erge_
e¦rcute, eifea, canplrre, co•npty w~th and ab.de by each and every th.: st~pulano~s, agreamcnts, condit~ons, and covenanrs oi sa~d pio~~~~;so~y note anri ~h~s
morrgage any or e~~he~, and sa:d cosrs, charges a~d expenses, each ar.d eve-y, shatl be immediately due and payab'e; whethe~ or not there be nor~ce ds
mand, attempt to toliect'or suit pend~ng; and tht fuli artw~M of eath and every such paymero shall bea. interest from the date thereof until paid af the
r.~r~~ o~ n~ne per c.:nru~n Ner e~~~,~:n; ~~~d ail said cosf;, cka•ges m~d ~x.;ar.ses ~ncurred or paid, together rv.th such interes!, shall be secured by the I~en o1 th~s
mortgage.
6. Tha1 (a) in the event of any breach of this Moregage or defau~t on the part of thc MORTGAGOR, or ;b) in the event any oi sa'd sums of money
herein refe~red to be ~o? pranptly and fu:ly pald wirhin th.•ty !30; days nexf after ~he sa~»e severatly beco•»e d~e and payable, wi~hout demand or notrce,
er tc) in tha evero each and every ?he stipu.anons, ayreements, cor.d~tions and covenanrs o1 sa.d promissory notr and th,s mortgagz any or e~ther are noi
~~:y, promptly and f~tly perfonned, d.scharged, exetutrd, eifected, tanpleted, co+nplied with and ab~ded Sy, then in eaher or any such event the sa:d ag
g~ega!e sum memioned in said ptcinusswy ncte then rema~ning unpa;d, v+ith inferest acclued, and a:l moneys secured hereby, shall become due and pay-
ab,e turthwith, or therraiter, at rhe opnon of sa~~ A10RiGAGEE, as fuily and comple~c~y as if all of the sa~d sums of money we~e onginally sr~pu.ated
to be pa:d on such day. anything in sad pro:r.~ssory note or in this ltoitgage to the contra:y notwrthsta;ti:~ny; ar.d ~hereupon or thereafter at the op~lon of
sa:d MORTGAGEE, ~s~rhout notice or demand, wA at law ot in es~~ay, thereiore or Ihereaiter begun, may be proseculed as if all moneys secured hereby
n.,d mat~red pnw to ~ts institunon.
7. That in the event that at the beginn~~~g of or at any time pend~ng a~y suit upon ~his Mortgaoe, o~ to forrciose it, or tc reform it, or to enforce
payment ot any c!aims he•eur.der, said MORTGAGfE shall apply tn ~he Court ha~~~~g iur~ad.cr.w~ ihe:eof for ~he appo~nnr,ent of a Rece~ver, such Cou~t shafl
forthwith appo~nt a rece~va~ ot said mortgaged property all and singv:ar, inc{vd~ng all and aing~lar the income, piof~ts, ~ss~es and rovenues from whatever
se~rce derived, each and every of wh;ch, it be~r~g express~y undersrood, is herrby morigaged as if spe:.f~~ally set forth and describrd in the g~antin~ and
habendum clauses hereof, and such Receiver shjll have all the broad and eff~ctive func`~ons and po.vers in anyw~se entrusted by a Cuurt to a Receiver. and
s~ch appointment shall be made by suth Gourt as an admitted eq~isy and a matrer of absotute ~~ght to said MORTGAGEE, and without reference to the
adequacy w inadrquacy ef fhe value ot the pro,~erty mortgaged or to the so•vency or insotvency oi s~i~,~VIORTGAGOR w the dete;,dants, and that s:,ch
.~^.!s, prefits, ireceme, iswes a~d ~evenves shatl be app!~ed by such Receiver accord~ng to the iien~ eq~rty of said MORTGAGEE and the p~act~ce of such
CourL ~
8. To duly, p~ompNy and iully perform, d~scharge, execute, effect, complete, comply with and abide by each and every the stipu~ations, agreements,
conditions and covensnts ~n sa~d prom~sso: y note and this mortga~e set forih.
9. That in the event ihe ownership of the mortgaged pren„ses, cr any part thereof, becomes vested in a person other than the MORTGAGOR, ihe
Y.ORTGAGff, its suttessors and ass~or.s, may, without r.otice to the :~~ORTGAOR, deal w~th such successor o~'successor i~ interest with reference to thn
mortgage and the deb~ hereby secured in the same Tanner as w~th 'dortgago~ wAhout in any way vit~ating or d~scharging the ~dortgagori tiability here-
under w upon the debt hrreby sec~rrd. No s3le of ;he F~en:~ses here5y mortgaged ard no forbearance on the pa:t of the 1140kiGAGEE or its successors
er assig~s and no ezte~s:on of the time for the payment of the debt hereby secured given 6y the ".50RTGAGEE or its s~ccessors or assigns, a~~all operate
to release, d~scharge, modify change or alfect the ong~nal I~au,t~ty of the N.dRiGAGOR here~n, eithe~ in whole or in pan.
10. It is sperf~cally agreed that time is ot the esser.ce of this conrract and thal no waiver of a~y obl~gat~on hereunder or of the obtigation se-
cured hereby shali at any time thcreafter be he:d to be.a wai:er of the terms hereoi or oi the instr~meM sec~red herby.
11. :n add~t~cn to the forege n9 rrronth!y payments of princ"pal and inrerest ~eqv~red by the pro+n:ssory noce secured he~eb~, mortgagor covenants
ard agrees to pay to m.o-tgagee v~eh each monifi'.y pay~.~em an addr.ionai s~~n c-s' ~~~ated by mortyagee to be equal to 1_ 12 of tiie annuat cost of the follow-
~n~:
A-All real pro~ rty ta.as lev~ed or asses~ed ag~i•~st r?~e above describcd real estate.
6-Prt~miums on fire and windsto:m irsurance as here~n reqv;red to oe carried en the improveme~ts s~!vafe on the above d:scribed premises.
C-Premiu:ns o~ such ~cortgage guaranty inwra~.ce as mo~t;~agee shail frrrr. t me to tune deem Gt to carry on the loan secured hereby.
6!ortgagee sha~l from t~:ne t~ t~ ~:e nct~fy mo!igogo+ m wnt~ng of the arno~nt due and payable hereundar and such sum shatl thereupon be due and
~ ,~vab!e on the due da~e of tnz next month:y pay:rent and each successive mo^th thereaftar ~r.til mortg3gee sha!1 notify rrwrtga~cr of a thartge in such
~ a~~~.ount_ Such sums sFa:l b¢ a;.p!~ed by mor!gagee roward the payment of real preperty taaes, insurante prem:ums, a~xl mortgage guaranty i~surance
~ c~~e~nium5.
~ tN lY1TPiESS f, the +d MORTGAGOR has h~reunro set his hand and s•:al the day and year first aforesaid.
C Signed, Sealed and efiver "n the prese ce of:
~ _ /r-c..-~.Cv cs~an
„ _ r ? aq
- - (Seaq
_ - _ n,
S'~TE OF FIORIDA 1
St. Lucie ~
~JJlJTY Of - 1
Before me personaSly appeared RO~~Z Teller, a single adult ~
_ TA@2 L• Ro~se~ a single adult Dp(~ii1~, to me well kr.own and known to me to be
rhe indlvidua~s described in and who executed the foregoing instrument, end acknow~edged before me that they executed the same fw ihe purposes
rh~.ein expressed. ~~Y 'e
.
~ ~
~ Nov er _ n
• ' 72
WITNESS my hand and offic~al seaf this__ ~ day of • A_ _']9
_1
~ N tary Public in and r 1= S)a rid~at jl~rge;~
" My Comm~ssion expires: ' J '
~ Return To: V ~
Fi:st Federal Savings S Loan Associat;on RECEIYED;~~ ~~i P'hfiVIEI'R Gf T11X~~ 5~~• G~ '
~ Of Fcrt G.erce.
Dl~ ON CUUS INiAtf~;ELE FERSOFiA1 PpOQERtY, T,i
~ Fort P~e~ce. f~or~da PURSWIi~T TO Ch:A~'lER 7'_•1"4, ACTS CF 19I1.
RGGEet i ~ F.~1$ ~x~
~ i.lEetK ~IkCC1T :U''k". LII 'If . ~l;ti
~ Fil.E4 ay~ RECGRDED
~ ts~ Jr. ST.IU~IE GOUNTY fLA. t~
~ RGC~~< FJ~TRAS
S A ~F LORIOA ~ c~fa~c c.::cu~t couRT ~
r=~ " OOCUMENTARY~.-..,,STAMP 1~'.a~ RECOR1vEF1~iE~...~..~~
°c OE*T. tJF REYEKiIE i i ~ 1~ V 1~ ~
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