HomeMy WebLinkAbout2275 3. To p~aca ond coeit~nuousty keep on ihe b~~`Jmgs nox or heresiter a~~wte on said land and on a1i eq~~pment and personalty covered by th;s mortg-
nge, wlth all premwn~s thareon pa~d ~n tull, f;re insurance in tha ~swi s~and,rd po'icy fdrm, in a sum aFprov2d by tha h1pR~vACiEE, a~~d w~~~dstoim
:nsurance in the uwal st.~nda~d po:•cy form, in a aum a~,pro.ed by ~he MORTGAGEE, in such compa~y or c~~~~pan~es as ~he A10RTGAGEE R+~y
d:rect; and aIl iire a~d w+nds~orm h,w~ance poiic~rs on any of said buiid.ngs, any inferes~ ~he~e~n or pa~t rhrrcwi, in 1he agg;~ge~e su~n afo~esaid o~
in exce~s ~hrreoi, shall con~afn ~he ~sua~ sfa~~dud morrgagre c+ause w su:h o~her clause as ~he Morigagee may rey;,,re, maAing tha wes undcr s~~d po~i-
crs, each and every, payab e to sa~d AtvRTvAGEE as rts ~n~arrst ~nay appear, and each and every wch po~,:cy shall be promptiy ass g~~rd a~~d de~~ycr.rd ~o
any heid by sa~d MOR(GAGEE as iu~~ha~ sccu~ity to said n:ortga9e debt, and, not l~ss than ten {10) days in aJcance of t;~e exp~~onon of each poDCy, ~o de-
I~ve~ to said MORTGAGEE u renewal fhereof, toye~her with a rece~pt fo~ thr premium ol such rene~a~: a:~d ~hr~e shai! be no f,re o~ w~:~dstc~m fnsurance
pliced on any o( said build~ngs, any interest there~n or part thereof, unteu in the fonn and w~~h the lass payab!e as afo~esaid; a~d in the eve~~t any sum
of money beco~~es puyable u:~der such policy or pol~ciLS sa+d MORiGAGEE shall have ~he op~~on to rec.:~Ye a~~d app!y iha san,e on attou~v o( thr ind~•otvd•
ness secured hereby o~ to permi/ sa~d IAORTG~GORS to Itcr~ve and use it or any part th~reo) ior otner pur~ oscs, .:~ti~~~r th:~. or e1 c~
in3 any equ~ty, lien or r~ght under or by virwe ot th~s moc'.gage; and in the event sa.d h1QRTGAGORS shal! for any rcason fail to krep the sa~d pre~n~sas so
~nsured, or fail to de?~ve~ p~anptly any of said pol~cies of i~surante to sa:d MORTGAGEE, Or fai; prcmptly to Nay fuily any ~~re~n~,,m thcretq or in a~y
respecf (ail to perfo~m, d~>cha.9e, e,ce,u~~, effect, complete. co:nply with and abide by th~s cevena~t, or any part hereof, sr~d MuRTGAGEE may place a~~o
oa~ (a :uch insurance or a~y part thereof w~rhout waiv~ng or affecting any op~~o~, lien, equ~ty, or r~~ht undr~ or by v~.tue of rh~s hlortgage, a~:d the
i:;!I amour.t oi each and every Such paymeM shall be im,nediately due and payable and ahall bea~ int.rest irom the date thercof unti! pa~d at the rafe ol
~,e pe+ cenfum per annu:n and to~~m.~r with such inrerest shati be sacurrd by the lien of thls mw!gage.
A. To permi~, commit or suffer no waste, impairment or detriiorat~on of said property w any part the~eof.
,5. To pay afl and singufar the coses, cha+ges ar.d expenses, induding a reasonab~e attorney's fee a~~d costs of ahstrads of title, incur~ed or paid at
;~y time by aa~d MORTGAGEE, becouse or in the e~e~~ of the 1a~lure on ti~e pa~~ of the said MORiGAGOR to duty, pro:nptly and fut:y pe~lo~m, d~scharge,
,•:c~te, effec?, tomplete, comply woh and ac.de by each and eve~y the st~p~lat~ons, agreeme~vs, conditiona, and covenants o( said prom~ssory note and th~s
ro~tgage any or e~ther, and sa d coats, charges and expenses, each and every, shall be immed~ately due and payab:e; whe~her or not thrre be not+cr d~
R and, attemp~ 1o co~fect or suit pend~+~g; and the full amovnl of each and every such payment shall bea~ iNeres~ from the date thereaf un~il pa~d at the
oj nine pe~ centurn par an~i~:n; ond a~~ sa~d costs, :hary~s and expenses inc~rted or paid, togetl;er w~lh wch int~rest, shall be secured by the i,en of th~s
n~rtgage.
b. That (a) in the event of any breach of Ihes Mortgage or defauft on the part of the MORTGAGOR, or ;b) in ~he event any of sa:d sums of mo~ey
<<re~n referred ro be not pro~nprly and fully paid wiih~n thvty (30) days next a?t~r the same seve~a:~y become due a~d paya'~le, without demand o~ nonce,
.r ~c) in thr evem each and every tne stipu'a~~ons, a9reements, condrtions and covenents of sa.d promisso~y nora and th:s mengage any or e~ther are not
i,,:y, promptiy and fully performed, d.scharged, executed, effected. compteted, co+r.pGed with ar.d ab~ded 5y, ~hen in e~ther or any si~ch eveM the sa~d ag-
~-:•-3ate sum mentioned in sa~d promissory no~e thert remairting unpaid, with in~erest acu~ed, and ail moneys secured hereby, shaU become due and pay-
~o forthwirh, or thereafrer, at the oprion oi said MORTGAGiE, as fully and compterely as if al! of thr sa~d sums ot money were or~ginally st~pu.a~ed
ro be pa~d on such d~y, anything in sa.a proenlssory note or i~ this Mongage to the contrary notwu6stand~~~g: a~d thereupon or thereatter at the op~~on of
s•_i MORTGAGEE, w~thout nonce o. demand, suit at (aw or in equity, the~eto~e or thereafier begun, may be prosecuted as if all moneys sec~red hereby
r.,d matured pnor fo ns institut~on.
7. That in the event thar at the beginn;ng of ot nt any time pending any su~t upon this Mo~tgage, or to foreclose it, or to reio~m it, or to enfo?ce
F. ~ ~ment of any claims he~eur.d_~, said htiORTGAGEE sha!1 apply to the tourt having ~ur.sd~ction the+eof fw ~he appo~nt~nent of a Receiver, such Coun shall
i, -~hwith appo~nt a receiver of said mortgayed proparty att and singular, includ~ng a31 and s~~gu~a~ the ir.come, p~ofns, issues and revenues from whotever
,,rce der~ved, each and every of wfi:ch, ~t be~ng expressly undersrood. is kereby mortgagrd as ~f spec~ficatty set iorth and described in the g~a~r~ng a~d
i~~bendum clauses hereof, ar.d such Receiver shafi have all the broad and e~f¢p~ve iuncr:ons a.~d powe~s ;n anyw~se emwsted by a Co~rt to a Receiver, ar~d
s_;^ appointment shaii bc made by such Coun as an ad~nitred equ~ty and a matter of a6solute nght to sa~d MORTGAGEE, and wi~hou~ referen~e to the
r,~cyvacy or inadeq~acy of the value of the property morlgaged or to the so,vency or insoivency of saFo M.O~~GAGOR o~ rhe defendam~, and that such
r~ ,n, profits, income, issves and revenues shaii be applied by wch Rece;ver accord~ng ~o the iien or equity of saed MORTGAGEE and the practice of such
Court.
B. To duly, promptly and fuily perform, d:scharge, execute, effect, complete, comply with and abide by eac6 and every the st~pulations, agreements.
,duiona and coveoa~ts ~n sa~d promissory note and th;s mortgage det forrh.
9, That in the event the ownersh~p of the morrgaged premises, or any part thereof, 6ecomes vested in a perwn other than the MORTGAGOR, the
:'?RTGAGEE, its succeuors and ass~gns, may, w~~houf no~ice to the MQRTGAOR, deal wnh s~ch succeszor w svaessw in interest with reference to this
- o•~gage and the dc-bt hareby secured in the same manner as whh PRortgagor wirFwuf in any way vit+ating o~ d~scharg~ng the /~lungagors liability he~e-
c,dcr or upon the deht he~eby secured. No saie of the premises hereby mo~tgaged ar~d ~o forbea~ance on the part oi the MORTGAGEE or its suctessors
:r ass~9ns and no exrens~on ot the iime for the payme~~~ of the det+ hereby sec~red g~ven by tbe MORTGAGf: or its successors or ass~gns, ahall operate
ro r~iease, dacha:ge, modiiy change or affecr the arig;nal liab~iny of the KORTGAGOR here~n, either in whole or in part.
14. (t is specefica~ty agreed rhat time is of the essence of this contract and that no waiver of any obt~gat~on hereundei or of the obligation se-
~vr~d hereby shalf at any time thrreafter 6e hcld tn be a wa~vPr of the terms hereof w of the inatrumeM secvred herby.
11. In add.tio~ to the foregc'ng month!y paym~~nts of princ pal and interesr required by the prom ssory no!e secwed hcreby, mortga~or tovenants
d agrees to pay ~o mo:tgagee vc~th each ,nonrh;y payr.:ent an adJ~r~onal wm es!~n~ated by mortyagee to be equai to 1 12 of iha annua~ cost af the follow-
A-All real property taxes levw~ or asse~sed agi~•:s! the a6ove descrihcd r-al estate.
B-Premiu•ns on fre and w~ndstocm insu~a. ce as nereiie reqv~red to be carried on rhe ;mprovements s~tvate on the above d=sc~ibed premises.
C-Pre~n~ums o~ wch mortgsge guaranty ir.surj..ce as mo~tgagee Shail fra~ timr to timc deem fit to carry on the loan secured hereby.
N1o+~gagee sha'I ficm t;me to t~me not~iy mo.tga~er in wr;ting of the an:ount due and payable hereundar and wch su~i shail thercupon be due and
~;able on tha due date oi th: next month!y payment ar~ each succeszive month thereafier urtii mortgagee shall notify mortgagor of a change in such
o~nt. $uch sums shaii be aF~pi~~d by mortgagee toward the pa~ment of real property taxes, insu:ance prem.ums, and mortgage goaranty insurance _
; •e~niums.
IN YJITNESS ',":HEREOF, the sa+d NORTGAGOR h.as hereunto set his hand and seal the day and ye first aforesaid. ~
~ Signed, 5e ed and d ivered in th ~ presence of: ° `l 9//J
.c Witnesses as to ~~f'~~• (Sea7
• 1~, ; Richard M. Miller ic ar . i er ~~a~f
: r- _
; - Witnesses as to ~ ' ~ • ~ - cs~,q
~
' ~.~.GE~-c. Judith L. Miller dith L. Miller ~~a~~
i • . : !:1 _ Y - .~i:
i . _
~ srarE oF R1~Y"ids- ~ ss. ~ 3~
~ ~ot;ranr oF St. Lucie •
~ Richard M. Miller ~ • v.~ • -
Before me penonally appeared ~-A d,'
~ ~-~-,,,^~~--~j°~ to me well known
an~ ~ fo ~ne 1R jbe
~ the individual~ described in and who exec~ted the foregoing instrument, and acknowSedged before me that /hey executed t6¢ Rrnp
Ott~e~pu~se~~
€ = ' : ~i ~ .
~ rnerein ex~ressed. 11~+d dis ~~i~ - '~-r~------'.'-
~ y:(.. ..t ~L.~ a.:.1 - _ _ a.pGwty..~iJ~'~"~
~ '..:,...;.r._._.._'s...~.:.,.r~~p+rt f~om hor sa~d h~n6aoc~. acJr......,iadgod ~.,d ~E.,~_ ~tie e ...~1 - -'1~~="'-''
i .sr~ ~ - ~ i ~ 4 t f ~
~ I~O V616b@Z ~ ~111~~
i WITNESS my ha~d and oif7ual seal thiL - day of t~,-~-tp:t~i
i ~ ~ ~L ~ ~ ~ " ~ ~ -
' iVE uw , • .
S i ATE OF 1 / otary Pubtic in and for the Sta of .y ~~~t~e
• My Commission ex ires: 12 ~7 '
~OUNTY Of ..(=,~L 1 P ~ - -
~ ::"s';~.^ T°`~• _ ~ -
; Befae mep~r~ipi~ly'aRpsa~;t; Judith L. Miller ~ t ~ ~tl; •
; - - ~ ~
; ' +~t~ `y his ~rite, to me wel! known and Tcnoiyh tQ+me:,fo be.
s rhe ind~vidu~' ~(~;~j~~i ~it! ~o~"4y~ufed ~he forego7ng instrument, and acknowledged before me that jhe~? executed the s3ma;t~ t~e p¢e~os'aM
4 r _ ~ - t, ~
i rhe.ein expra}sed.-'~ri~-IM~ ' ~_y„~, ~
_ >
E wifo-si~111r~ . uRd11'S 3Sp7~Lf~afR~'~Pjll~
# _3? _ i'afon ea~~Q ~ ~'`,~,,y'~~~,q'~~L.f~oti.4ee s3id~wsband_acluw~~clpecLrn ~ocihetore~rhat s?,a.~cacWocLsa+d:nu~v~t LreLy_aod rdua~
k •Y~aS~~`pt~~Q~ ~ ~.r.~•~rrr•1.~ ocl.qjt~sat~Lor_4s~.hac.saidbrsbaod
= - ` ~ ^ i' Novenber 72
; , Wk7N2SS`m~C ~+ari~, ~~ki~l se~l fhi day of A. D. 19
~ This %Yt}!~ r :e~?~ bY ~
.
: ~JO~• ~pl~~'_i r~' No ry Pubtic in and tor the State of•Flsrii~.~!•}a~gs/V(;(,t/~QR/L?
L , ,Q~~ ~ Commission ex ires: `
~ Firsf. ~ec~~~-~e .'„~&r~~ and Loan Associat' ~,o~~ e. ~~1~~y~/
¢ First Faderal ~vitqf ~`loan Association ~A ?~+bi~t ip th~ Sfoh Of New Yo~k '
; . Of Fcri P r:ce. Onkf, (7~~ A/~7 Rssfd~~t lo oad for Ulsh~ Couo
iort Pierce. Flor;da ? JGr ~OV PACf F~N " ~p'djftilN ~~}Cq JRO~ l~ r
t ~ •
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