HomeMy WebLinkAbout1979 3. To pf,ce and coNin~o~s;~ lecp on the Lu~ J~~~gs nox o~ hrrr3fte~ ~Ituate on sa~d land and on a~: eq,~y~,:ent ar.d pe.sona!~y covered by tnis morrg-
ege, w:th all p~e~~~~~~.:s th~•:eon ~ad ~n fult, f~rr 'a,s~rancr ~n the w~al sra+~d.,,d po:~cy form, in a wm d},prorrd by thr 1dOR1'vAiaEE, and w~~~dttorm
~~surance in the usu~i s~.~~~da+d Fo:.cy fo~m, i~ a sum aHpro.ed by the MORIGAGEE, in suth co npany or Canpanlet as the y~OR1GAGEE may
direct; and all fire znd w,n:ls~orm insu~ance po:~c~as on any of sa~d baiid.ngs, any inreres~ rherein or part thcreui, in ?he agg~ega~e sum aio~esa~d or
in excess thrrrcf, sh~ll :onta~n ~he usual sta::d;~d ~nonge9te clauss or wch o~her dauie as the Mort~agee may req~:re, mak~ng me icss u~~Jrr sa~d poti-
c~es, each and every, pa~;:b~e to sa~d h1JRSG4~:E as ~n ~nt~rest rt,ay apptar, jnd each and e:ery suth po!~cy sholi ~e promptiy assg~~rd and de~~tiered ro
any hcld by sa~d h10Ai5AC,EE as fe,rrhar secu.~ty to sa~d rnortga3e debl, and, no~ less ~han ten (101 days in ad.e~~ca o( ~he eap~ration of each poGCy, to da
liver ~o sa~d 1dORiGAGEE a rr~~ewai ~heieoi, togeiher with a r~~e~pt for the prem~um ol such rene+~.,1; a~+d ~he~e sha'~ br ~io t.re or w:~»s~o•m insurance
placed on any of sa~d bv~id~ngs, any intzrest therem w par~ ~firreo(, unless in the form and w~rh the ~css payabte as afuresa~d; and m the event any sum
of monry be:o~nes pa~~bie uncler s~ch pol~cy or poGcies s~~d 610RTGAGEE sF.ell have rha oNt~on to rrc~i.e ond ap~Iy tha snme on acco~nt of t1~e ~~,d_~:t~•d-
ness sccu~ed hdr~by or to perm~t sa~d 111pRTGAGORS to reteive and ~se it or any part thar~~of lur o;i. ;,~<•s. :,.~h;,:t ih :3 ; r
ing any eqv~ty, I,e~ or ~~ght und~>r o, by virrue o! ~h;a mo:~gage; aod in the eveM sad A10RTC;,AGORS sh~lt for a~y rrason iail to kcep ~he iaid prenus_s so
maured, or fa~I ta drl~Yer pr~mNtly any of sa~d poLe=es o) insurance to sa~d MOR7GAGEE, or i~~! p;cmp;ly to pay fu:ty ony prem~~m ~h~refor o: in a~y
respeu fafl ~o perform, d:sch,rge, ex~•c~tr, e4fect, canp~er.•, co:r.ply ~virh and abide by th~s covenant, or any pa~f hcrcwf, sv~d +1Ai~R1GAGEE may p~ace a•~o
pay for such insurance or any part the~eof w~~hour weiving w aiiec?ing any opt~wi, iien, equ~ty, or nah~ ~r~der or by v~~fue af fh~s Aloriga~=, a~~d the
t„tl amovm of each and e~e~Y such payne~nt shafl be immcdcately due and payable and shall bear iroerrst from th~ dare rhereof until pa~d at rhe ~~te o!
n~ne per crn+urn pe~ arsnu:n and to3rth~~r xnh such intr~t.nt shau ue secwed by the lien of this mortgnge.
4. io permit, ~ommit or sufier no w3ste, impairmenf or dete~~oration of aaid property or any part th~~rcof.
5. io pay a11 and singutar the costs, cF~arges ard expenses, ~n,l~d~~g a reasonabk atto.ney's fee and cosfs of absfracts oi t~t!e, incuncd o~ pa~d at
any tlme by s~~d AtORiGAGEE, 6ecause or In the evero of ~he ta~(we on ~he part of ~he said MORiGAGOR ro duiy, pro:npr~y and iv;1y p~rfor,n, d~scharge
~x~c~ie, etfect, con,~:ere, comply w~th and ab:dr by each and every the stipu~anoni, agreements, condit~ons, and covenants of sa:d prom~zsory notr a~d ihis
mortgage any ur either, a~id sa:d costs, charges and expenses, each and every, ahall be immed~atrty dur and payjb:e; wh.•ther or not therz t~e nor~ce d~
mand, atternpt to to~lett or wit pend:ng; artd the lull amount of each and eYery ivth pay~nenl shall bear imeresl f~pm the date thereot until pa~d at Ihe
o~ n~ne ikr crn~u~~ on:~,,:n; and oi~ said ccsTS, ci~argrs a~,d cxpansrs incurred o~ paid, ~oget6ur wuh such i~~terest, shall be secured by tha t~rn of th~s
mCrtgage.
6. Thal (a} in rhr event of any brrach of this Mortgage or default on tt~ part of the A1GRIG~GOR, or ;b; in the event any of sa'd sums of money
he~ein reterretl ~o bC not pron~ptly and iutly paid wi+h~n ih:;ty (30) days next a~~cr the same se.era!:y becane dve and payable, w~~fwut den,and o~ nouce,
or (c) in the event each and e.er~r rhe stipulat~ons, agreernents, cend~nons and co~enants ot sa.d pron:issory note ar~d th,s morrgage an~ oi eefhr~ a.e no!
~~1y, p~omp~!y and f~1iy Hrr(ormed, ~i.scnarged, eaecutrd, effected, completed, campGed w~th and ab~ded 5y, then in e~ther o~ any such event the sa~d ag
~regate sum me~t~oned in sa~d promissory note then re~naining unFa~d, wi~h intere;t accrved, and ail mcneys secured here6y, st.all become d~e and pay-
eox forthwith, or thereafter, at rhe opnon o! said JkORiGAGEE, as fuely and comple~ely as if all o( ~he sa~d swns of money were ong~na~!y st:pu:ated
ro be pa~d en svch dcy, a~~ything in sa d p.om~ssory note er in this Matgagr to the co~trary not„vithstandi ~g; and thereupon or thr•ea1~2~ at the op~~on of
s~;d MORTGAGEE, w~rnaut nonce or demand, s~~t at law or in equ~ty, tFerefore or thereaf~er begun, n:ay be prosecured as if ai! moneys secured he~eby
n~d matured pnor ~o as inst~t~no~.
7. ihat in the erent that at the beginn:ng of or at any timt pend~ng any su~t upon tl~is Mortgage, or to foreclose it, or to reform it, or to enfo~ce
~ ~yment of any ciahns hcveunder, said RtiORTGi~GfE shall apply to the Co~rt having j~r~sd:ction theieof for the appo~ntment of a Rece~~er, such Ccurf sha+l
fc~rhwith appoint a recri„er of said mortgaq Kl property all and singu~ar, indvd.ng atl and sm9uior fhe inconx, prohts, issues and ~evenues from wh~tever
so~rce darived, e~ch and every oi wh~ch, rt being expreuty unde~s~ood, is hereby morrgaged as if speufically set fo:~h and descnbcd in the granting and
habend~m c!auses ~er ~1, and such Receiver sha11 have a!1 the broad and effective funu,ons vnd powe~s in anyw~se entrusted by a Co~~rt to a Receiver, and
s._;h appoinemene shail be m.ade by such Court as an admitted equity and a matter of abso;ure r~ght to sald MORTGAGEE, and without reference ro the
adeq~acy or inadequacy of the value of the property morrgaged or to the so~vency or h~io:•.rncy oi sa~d ~rtORrGaGOR or the defer~dants, and rhat such
~~rs, protits, income, issues and reven~es shaN be applied by such Receiver accortimg to ~F.e I~en or equity of said MORTGAGEE and ~he prauice of such
Court.
8. To duly, promptiy and fuily perform, discharge, execute, effect, comp{ete, comply w~th and abide by each and eve~y the st~putations, agreements,
:cnditions and covenants .n sa~d p~omissory note and this morsgage set forth.
9_ That in the Pvent the ownersh~p of the mortgaged prem~ses, or any parf thereof, becomes ves~ed in a person other tha~ the MORTGAGOR, the
:'.ORTGAGEc, its wccessors aed ass~gns, may, wi!hout notice to the MORTGAOR, deal with such wccessor or successor in interes+ wnh re(erence to thi3
~~orrgage a.,d rhe drut he~eby s~curfd in the same manne~ as wifh lAorrgagor w~thout ;n ar.y ~vay vit.at~ng or dscha~ging the thorrgagors' :iabitity here-
:;cder or ~pon the debr hereby sec~red. No sa.e ot the Fre~ruses he~eby mortgaged and no iorbearance on the pari o1 the I~10RiGAGEE or i1s successors
or ass~gns and no exrens~on of ~he time for rhe payment of the debt here6y aecured grven 6y the MORIGAGEE or its wccessas or ass:gns, aha!l operate
rd reiease, d~scharge, mod;fy char•ge or affect the ori~inal liau~tity of ine I~ARTGAGOR herein, either ~o whole or in part,
10. N is spzc~fic311y agr«d ~hat time is of the easen~e of this contract and that no waiver of any obl:garian hereunder w of the obiigation se-
cured hereby shaii at any time rhereafter be held to be a weiver af the terms hereof or of tF~e instr~mem secured he~by.
11. In a:id ricn to ~he foreqo ng rno~th'y paymenrs of princ pat and int~rest requ~red by the prom:Story nore s.,c~.ed h~~eb~, rnong~go. covenants
and agrees to pa~ ro mo:tqagee wrth each moruhiy payment an add~rional svm est~mafed by mortgpgee to be eqval to 1' 12 of thr an:wal cost of the follow-
~,:y:
A-A~: rea! property tacas lev~ed or assessed agai~s2 the above described real estate.
8-Pia~r:~u~ns o~ firr and w~ndstorm ir.sv~urce as herein requ;red to be ca~r~~-d on fbe ;mrrove~n~nts s~tuate on Tha above d~scntxd premises.
C-Vrermu~t.s on su:n mong;ye guaranty ir.sura~.ce es mortgagee shafl frc:r Nme to i~nc deem fit to carry on the loan scwred hereby.
hlortgagee sha!1 frcrn t~n,A to t~me not~fy mertgagcr m writing of the arowt due and payable hereundrr and such su-r, st:a11 thereupon be due and
.~;able on the d~e oa!? of ~he next n:onth:y payment and each wctessive aonth tnereaft~~ ~r.ti~ mortgagee shaN not;fy mortgagor o~ a change in such
e~nt. Such sums s~ a.l be a~p:ied 'oy mortgagee tov:ard the payme~t of rea! p~aperty ta~es, insurance prem.ums, and m~rtgage gva~anty insurance
, 'rmlum5.
IN ~Yt7~:ES5 't:N F, th said MORi GOR has hereunro set his har.d and seal the day and year first aforesaid.
Si~ned, Sealed and elive the pres ce of:
~?.i JiL.
r ~ ~a~~
, Maurine E. Li~pard~ a sin~l.~aq
' ~ ~ 1' L ad{l~(~ean
t5eat)
S~aiE OF fLORIDA ~
St . Luc ie u-
COUNTY Of ~
Before me persona!!y appeared ~url~ E. Lippard~ ~ ~inQ1Q a(~Ult
.
to me well known and known~l6r `~tp bO,
; rhe ind~viduala described in and who executed the foregoing instrument, and acknowledged befwe me that they executed the wme,,f~fl~IHe'~~iqses
j rh~rein expressed.
.Xt~C7G . .
r
: : ~ ~ -
WITNESS my hand and offic;al seai this__ day of • A. 1~~;
` ~ ' v .
Nmary P~blic in an for e Stafe of Fiotidd.~~ large
My Commission eapires: J • ~
Retum To: t
First Federal Savings d, toan Associat~on ~ I~ , S s~
af F~., P...~_, 955
F~~. F,~'~~~' F'`"~~~' fILEO aND P=C4ROE0
S7. ~UC?E ~~~uMTr flA
RO~;=r~ ft1!TRAS ~
C!E?K CtRCUiT COURT ~ ,~,1'`
This Instrument Prepared By •°•E~aF~' VF~~~sEO
~ First Federa~ Savings & loan Association Q 1,j au
of Fart Pierce ~7 Il
Checked 8y _
~U
M ~VO ~11~,f ~ i7 ! s7
,
~
~ - - r-~ ~
~ ~
w .~'.'~T ~ ~ ~ r
p~~r~ ~ .
r~~