HomeMy WebLinkAbout1782 3. To p!ace and con~~nuously I~cep on the b~~'d~~~9s ~~ox oi heraafiar a~~uate on sa~d land and on a:l eq~~p~ncnl a~,d persona;iy co_rr~ed by ~Fi~s murtg-
a~r, w~ih all p~emium~ th~reoo ~w d~n full, Lre ini„iancr ~n iha us.,af standard po!~cy form, in a su~n a~:pro+ed by ~hr MOR~C.r~:vcE, and w~ndstonn
~+~surance in the ~wal s}andaid po:.cy tonn, in a wm oppro,~d ~y ~he A10RTGAGEE, in such co~~tpany or com;.an~es as the AtORIvAvEE ma~e
d~re.1; and all fi~e a~~d w~ndstorm ins~rance Ra'~~~~s o~ any~ o( sa~d b~~~d~ngs, any inte~~st fherein Or part th~•reo(, in the agg«gote w~n atoresa~d or
in excess the~eof, sha!1 :~r~t,;in the ~swl sta::d~rd n:onga3re u~us~ or such o~he~ c!.~use as the Mcrtya~ee may requ.re, maAing N,e ioas u~~drr ~...d po~i-
c~es, each and every, p~yab'e to s~~d ~t1JRTGAGEE as ~rs uurr~s~ may appear, and each and e.rry such po ~cy sha~~ i~e pro~npUy ass y~:rri .~r.d det~~~~~,:d to
eny held by sa~d 610R:GAGEE as f,,riher securi~y to sa~d mo:~9age d_ut, and, not less ~han ten ~10) days in ~d~~nce oi th~ e.p~~a~~on oi each poi~cy, to de-
Lver ro sa~d MORTGAGEE a renewai thereof, ioye~her with a r~ce~pt for thr pre:~~um of such ren~wa'; n~~d thr.e st,a;l ba no f,re o~ ~+!~~~sw•~~~ u~s~rance
p!aced on any of sa~d build~ngs, any intcrest therem or par~ thereof, un;ess in ihe (omi a~~d w~fh the loss payab~e as a!oresaid; and ~n ~he evenl any wm
of money becomts payabie ui~drr wch po,icy or poLc~es sa~d MORTGAGEE s~~~ll hevz th~ opr,on to rec~~rr ~nd np~,~y ti~a same o~ ac~oun~ of ihe ind~btcd•
ness setwed hereby or to perm~t s~.d L10RiGAGORS to retrive and use it or a~ry p:,rt 1i~•r.~-oi 1or c:i~,r p~rp.,;s~s. .:.ii+:_t !h_~,~,: ~J cr
~r.9 any equ:ty, fen or r.ght ~nder or by vi~tue of th~s mc~'gage; and i~ the evrm sa d A10RTGAvORS sha!1 for any rcason tail to keep the sa~d prrm~s:s so
nwr~~d, or fa~l to de~~ver promptly any of said poLci•~s of insuran~e to sa;d MORIGAGEE, or fo~l p:o«•,p!I~ to pay fu~iy any p*r~~~:.:~n therefor or in a~~y
respcct tail to perform, dnch~rge, ec~•c~re, eftect, can~ fete, co~~~ply wi~h and abide by Ihis coven~r.t, or any parr h_reof, Said MGRivAGEE may p~acc a^^o
pay lor such insur.+nce or any part thereof w~thout wai~ing or affeding any opt~on, tien, equ~ty, or n~ht under or b~ v+rtue of thEs A1o~tgagr, ar.o ~he
t:.!I amovnt of eacA and eyery such pay~nant shali 6e in.mediately due and payable and shall brar interest irom tho date the~eof unul pa~d at the rate ot
~~~~~r per crnt~m per annum ~nd rogeth~•r with such inTrrent shai~ be sacured by ~fie I~en of thif mortgaga.
4. To permit, commit or suffer no wasfe, impairment or detarioration of said property or any oarl therecf.
5_ lo pay all and singular the costs, charges and expenses, ~r.civding a rrasonable auomey's fee and costs o( abstracts of t~~!e, incurred or pa~d at
,~y time by sa~d MORiGAv~E, bec~use or in the event of the fa~lwc on the par~ of the said MORTGAGOR to du.y, pro~nptly and fuliy parForm, d~scharge
~.ecute, effed, cemp;etr, canply wnh ond ab.de by ea.h and every fhe supulat~ons, agreemants, tond~~~ons, and covenants of sa~d pro~r.i;sory note end ih~s
~~ortgage any or e~~he~, and sa:d costs, charges and expensas, each and eve~y, shall be ~mmediatrly due and payaL:e; w1~~ther or not the~e be noT~ce ds
r.,and, attempt to coi;ed or suit pend,ng; and tha }uIl amovnt ef each and every s~ch paymem shal( bea~ i~tere:~ from the da~e therrof unti~ paid at ti~e
oi n~ne per canru~n p.:r an,~~:n; .:nd ail sa~d cosrs, charges and exprr.ses irxurred or pa~d, togethe~ w.th wch i~~terest, shall be secured by the I~z~~ oi th~s
morrgage.
6. That (a) ~n the evem of any breach of this Mortgage or d~faulr on tFw part of the MORTGAGOR, or (b) in the event any of sa:d sums of money
he~ein referred to be not p~ornpt,y ar.d fully pa~d w~tf5~n th.rty 13il) days nexi a~ta~ the same severe:iy beco~,ie dve and payab!e, witho~t demand or no~ice.
or ~c) in thr event rach and every the stipu:ae~ons, agreemenu, tondmo~~s and covenants o! sa d promisaory note and th.s mo~tgage any o~ e~ther are no1
iu!y, prompNy and fully performed, dscharg~d, rxzc~red, effecred, canpleted, compf:ed with and ac~deo 5y, then in e:ther or any such event the sa~d ag-
~regate sum menhoned in said prom~ssory note tF~en remaining unpaid, with interest acuued, and ail moneys secured hereby, shalf b~tome due and pay-
ao = forthwith, or thereafier, at the opt~on of seid h!ORiGAG~E, as fuliy and complere~y as if all of thr s~~d sums of money were o~~g~natly st~pu.ated
o be pa.d on such d:.y, anything in sa.d pro~n~ssory note o~ in this Mortgagr to the contrary notx~~hsta~~d~ng; a~~d thtre~pon or thereafter at the op~~on of
s-.:f MORTGAGEE, w~thout nonce or demand, su~t at lew or in equ~+y, therefore or thereatter ueyvn, may be prosecuted as if all moneys secured hereby
n~d matured pnor to ~ts mstrtuhon.
7. That in the event that at the beginn~ng of or at any lime pending any su~t u~:on this Nortgage, or to ioreclcse it, or to reform it, or to enfo~ce
Fayment of any tiaims he~eunder, Said MORTGAGEE shall app1Y to the Co~r1 hav~~~g j~rlsd~cno~i ther~of for hhe ap~~ntment of d ReteivCt, suth Covrt shafl
f„•rhwith appo~nt a receiver of said mortgaged property aEl and singu~ar, indud ng ail and singu~ar the income, prol~ts, issues and revenues from whatever
;,~~cr darived, each and eve:y of wh:ch, being expressiy unde~s~ood, is hereoy mor~gagrd as if spec,f~ca~ly set ior~h and describ~~d in the g~a~t~ng and
t,+'oendum tlavses hereof, and such Recei~er shaii hava a1! the broad and effxtive funu.ons and po~vers in anywne entrusted by a Court to a Reteiver, ar.d
s;n appointme~v shall bc made by such Cou{t as an ad+n~ttcd equity and a matter of abso:ute right to w~d MORTGAGEE, and wrthout referente to the
a.'..~yvacy o~ inadequacy of tF.r val~e of the preperty mortgaged or to ~he so~vency or ~nsol.ency of sa~d AItORiGAGOR or the de~endants, and that such
s, p:efE:s, incame, issues and re.s.^.aes <_ha!! Ne app~~~d by s~ch Recelver anurdu:g to fhe lien w equity of said MOR7GAGEE and the practice of such
Ce~rt.
8. To du'y, promptly and f~lly perform, d[scharge, execute, effect, co~rplete, comp(y ~~rh and abide by each and every the stipuiations, ag~eements,
;~nd;tions and covenanrs m sa~d promissory noTe and ~h~s m~rtgage set forth.
9. That in the event the ow~+ersfi+p of the mortgaged p:em~ses, o: anv part thereof, 6ecomes vested in a person other than the MORTGAGOR, the
ti'~RTGAGEE, its wccessors a~~d ass~gns, may, w~ohout not~ce to the MCRiGAOR, deal w~th such successo~ or successor in ~nterest wi~h reference ro th~s
o-rgage and the debt hereby secured in the sam,e mu~~r,~•r as v~~th l.ticrtgagor w:tho~t in any way vit~ating or d~scharg~ng the Mcrtgogori liability herr
:ier or upon 'he debt hereby se:u~ed. No salr of the Fre~..~ses h:reby mortgaged and no forbearancr o~ the part of the t1lORTGAGEE or its sutcessors
o• assi9ns and no exre~s~on of rhe t~me for the paymem of ti,e d<bf hr•eby sec~red g~ven by the tJ'~ORTGAGEE or its svccessors or ass:gns, a~~all operote
rc re~ease, d:scha:ge, mod~fy change or affect the or~g~nal lia~:;~ty of the MORTGAGOR herem, either in whofe or in part. _
10. It is speufically agreed that time is of the essence ef rhls contract and that no waiver of any ob;fganon hereunder or of the obtigation sN
c.~red hereby sha'.t a! an~ t~me thereafter be he:d to be a wa!rer cf the terms hereof o~ of the instrumem sewred hcrby.
11. In a:id t:o~ to the forego'~i9 month!y pay~ncnts of pr~nc pa! and i~tr•est requ~red by the promisscry no!e secured hereby, mortgagor covenants
agr~s to pay ro :norrgagee ~n~th each rronth y pa~~ ent an add;:~onai s~rn cst:mated by mortyagee to be equai to 1 12 of t:ze an~~ual cost of the fofiow-
,3:
A-AL' real property laxes le.ied o• 315^SSeci ag~~~~st th~ a6ove desvibed real estate.
B-Pr~n:~,,ms on f~re ar.d w~rds~cn~ insur~%ce as nerr~n rcc,u:red to be carr~cd en the ~m;.ro~emeits s~tvate on th~ abovc d~sc.~~d prem~ses.
C-Pre~•~~:r~ns on w,h mortgsge g~ara::ty ir..:,ra~.ce as mcctgagre sha~l frc~r rme to time deern 1rt to carry on the loan secured hereby.
Alortgagee shaS! !rom r~me to t~~,e n~r~f; mcrryagcr In wr~r.ng of rhe a~rou~t d.,e and payable hereundar and such sv•n shall shereupon be due and
,~•,abfe on the d~e date of the ~~af n~oMh:~ p~ nt and each successive month thereait.r ur.tii mortgagee sha!I not;fy mortgagor of a change in wch
i ounf. Such sums shaii be app.ied by mortga~ .e toward the payn;ent of real property taxes, insura~xe prem.ums, a+id mortgage guaranty msurance
! ;y~rniumi.
j {N \':ITPJESS :'1HER:Of, the d TGAGOR has Fereunto set his ha~:d and seal !he day and year first aforesa:d. -
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E Signed, Sea e nd ve i presence of: r~~ ^
~ > : ~ SeaQ
~ (Seal)
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(Seal)
~ - Marie L. Carpen er es~a,~
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~ 5~:.?E OF fLORIDA
_J~~'JTY OF ~ae ~
~ ~ ~
~ Before me personally appeared Vdlere H. CarRentier and
Marie 1.. Caruentier his wife, to me well krrown and known to me 10 be
; individuais described in and who executed the fore~oing i~strumenf, and acknowledged before me that they executed the same for the purposes
rhe~e~n expressed. And the said---_ ~rie L. Carc~tier
r..te of the said V~e H , upon separate and pr.vate
e~. m~narion by me taken sepa~ate and apan from her said husband, acknowledg to and before me that she execuled said in ment freely and votun-
~ •,,y and w~thou! any compu!son, constra~nt, apprehe on q~ear of or from r s'd husband. ~
WITNESS my hend and offic~al seal this____ day of Noveaber A. D. 19 72
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~ Notary Pub,~y'in d for 1 State ot Fio.~a4ti^1?Wtgll4//~~~ ;
My Comm~s on xpires: n 4~~~ .
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r~ Retum To: J G .
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Fint Federal $avings a Loan Assouat~on / ; ~ U .
~ O~ Fort P~e~ce. ' -
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fIlEO AH:` '~fCORDEO ~ _ ~ j~ ! 7. : rr =
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ST.lUC1E ~?,JNR~S~A. ` ~ . i;,..- J.~v
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~ This Instrument Prepared By .I. H. ~ CtE~~ CN~~~O ~~U- aT~
Robezts Jr. s•,''
~ First Federal Savings 8~ Loan Association AECG~:• ~ =
of Fort Pierce~ R1oYida ~~9 3 3e PH
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~ Checked By
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G ~ 20~ 1 ~8z 242803
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