HomeMy WebLinkAbout2290 3. To piace and conrinuousiy keep on the bue.J~ngti now or h~~ro(itr ~~~uate on said !and a:~d on a!~ eq~ip~ttirnf ard perso~aily covered by Ihis morlg-
ege, with all pren;~v~ns thrrcon pa:d ~n full, tire ins~ra~xe ~n tha usual srm,dard pot~cy lorm, in a s~m ap~rowed by the M~~RiGAGEE, a~~d w~~dstorm
~ntwante in the us~~l st~ndard pa..cy lorm, in a sum approved by the MORiGAGEE, in such company o~ compan;es as ~hp MORiGAGEE may
d~red; and all iue and w~~i:lstorm insuran~e pot~c~a~ on any oi sa~d b~ild~ngs, any interest therein or part thereof, in the aqg~egare s~m atoresa~d or
in eacess tAereof, st~aH co~tain the usual srar~da~d mortg.~gee ciauae a su;h other c~ause ae the hle~tgagee may req~~ro, ma?~ng thr ~css ~ncir~ s~~d poli-
c~rs, each and every, payab:a w sa~d hWRTGAGEE as its interest may appaar, and eac~ a~d e~ery such potic~ efie11 be prompe:y ass gncd and de~~~cred ro
a~y he!d by safd A10RIvAGEE as fur~her secu~~ty to said mortgage debr, and, not les~ than ~en (!0) djys in adva~~ce o1 the expironon of each policy, ~o da
l~ver to satd A10RTGAGEE a tanewal ther2of, toge~har w~fh a rece~pl for the pre~nium ol wch re~~ewa~; a~d ~here shall be no Lre o~ v.~~„iawrm insurance
ptacrd on any of sa:d bu~ld~~+gs, any i~~terest there~n w pa~~ thereoi, unless in ~he form and with the toss payabl~ as afo~esaid; and in ~he eYe:~t any sum
oi money becO~n@t paydble vnder scch pot~cy w poLcias sa~d MORiGAGEE shall have ~he opt~on to recaive and appfy thr sa:ne on account of t~e indcb~od-
nesa secured hereby or to pernut sa~d ~dORTGAGORS ~o recaire and use ii w any part th~;eof fw o:i~~•~ pu~~ osrs. ...~ho; t th~~, ;,r p„~r-
~n9 any equ~ty, Gen or rigM undcr or by virtue of this mo:tgage; and in the event sa~d MORTGAGORS thalt for any ~eason fail to k~ep the said premisas so
~nsured, or fail to dr~ive~ promplly any of sald po6cies of insurance to sa~d MORiGAGEE, or fa~l promptty to pay fvlty any prr.n,um ~h~r~for or in any
re~pect fai( to perform, d~scharge, eaac:.te, effea, canplete, comply with and abide by this cove~ant, w any part hareol, s~~d MvRiGaGEE ~nay p:ace a~o
pay fw such tnSL7.iMC or any part thereof w~thout waivin~ or affecting any opt~on, lien, equ~ty, w ngM under or by v~rtue of th~s Mo~tg,,ge, and tht
i~Il amovnt ol each and e~ery su~h paymeN shall be immediately due and payable a~id shall brar interes~ frum thc dote ~hereof unut pa~d at the ~are ol
n~~:z per cenwm pei annwn and ~u~rrn,•r NiIII such interest shaH ;x setured by the lien of this mortgage.
d. 7o permit, commit w suffea no wa3te, impairment a de~eriorateon o) sa~d property or any part thereof.
5. To pay al0 and singular the costs, charges and expenses, including a reasonab!e atewney's fee and cosrs of abstracts of tit!v, inc~rred or pa~d at
any t~~r.e by sa~d MORTGAGEE, btcause o~ in the eYent of the fa~wre on the pan of the said MOR(GAGOR to duty, promptly and fu~ly periorm, d~stha~ge.
e¦ccute, effect, camp:ete, compty w~rh artd ab:de by each and every the stipulat~ons, agreements, cond'oions, and covenants of sa~d p~o:n~ssory note and ~his
~~o~tgage any or either, and sa~d costs, charges and eapenses, each and every; shall be immed~ately due and payab:e; vrhether or not there be not~ce d~
mand, attempt ro to'lect or suit pendmg; and th~ fufl amount of each and e~ery such paynunt s~ll bear irocres) from ~he date thereof until pa~d at the
~.•r o` nme per c<n:u~n prr an.w:n; ~nd all sa~d costs, chargrs and eKprnses ~:xu~red or paid, togather weh such intertst, shall be sec~rrd by the lien of th~~
mor tgag!•
6. That (a) in the event of any breath of th~s Mortgage or defau(t on tF~ part oF the MORTGAGOR, or ;b) in the event any of sa:d sums of muney
he.ein referred to be not promptly and futly paid within thirty (30) days next aiter ~he same severally become d~e and payab[e, w~ihout demand o~ nouce.
or (c) in the e~ero aach and every the stipuiat~ons, agreemems, condii~o~~s and covenants of sa.d pro~»issory note and th~s mortgage any or e~the~ are not
iuiy, promptly and (utiy performecl, d s.harged, e~ecuted, eifected, comptefed, compLed w~th and ab~ded 5y, then in e~ther or any s~ch evem the sa~d ag~
3:egate sum mentioned in said prom~ssory note thzn remaining unpaid, with in~erest attrued, and au rnoneys :ecured hereby, sha11 become due and pay-
ac a forthwith, or therra~ier, at the opr~o~ of said MORiGAGEE, as fuily and completely as if all of the sa;d sums of money were or~gmalty s~~pu:ated
ro be pr~d on such day, a„ything in s~.d prorn~sso~y note w in ri~~s Mortgaqe ~o the contrary nor,~~~hs~and~„g; and thereupon or thereafter at the op~.o~ of
s~.d MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter beg~n, may be prosecuted es if all moneys secured he~eby
n_d matured pnor ro~ts mstitutio~.
7. 7hat in the evera that at the beginn~ng of or at any time pending any suit.-upon this Mortgage, or to foreclose it, or to reform it, or to enforce
paymeM of any c!aims hereunder, said MORTGAGEE shall apply to the Court having 'ryrisd:uion the~cof for the appomtment of a Rece~ver, such Court shail
fo:~hwith appoint a receive~ of said mortgaged property all and singular, indud~ng aU and sing~~a~ ~he inconu, p~ofits; issues and revenuas from whatever
so:,~ce derived, eaih and every of whEch, if ~~ng expressly undersiood, ~s hereby mortgaged as if spec.fically set fonh and described in the gram~ng and
habendum clauses hereof, and suth Receiver shall have atl the broad and eifedive funct,ons and powers in anyw~se emrusred by a Cau~t to a Receiver, and
s.ch appoint:ne~~r shail be made by such Coun as an admitted equity and a matter of absolute right to said MORIGAGEE, and w~thouf reierencr to the
ndequacy or inadeq~acy of the vatue of the propzrty mortgaged or to the so~vrncy or ~niolvency o( sa~d MORTGAGOR o~ thz defandants, a~d that svch
re~rs, profits, income, issues and revenues shall be applied by such Receiver accord~ng to the tien or equity of said MORTGAGEE and the practice of such
CouA.
8. 1o duty, promptly ar.d fully perfo~m, d~scharge, execute, effect, complete, comply with and abide by each and every the stiputations, agreements,
conditicns and covenar.ts +n sa~d promisso:y ~ote and ~h[s mortqage set fotth.
9. Ihat in the event the owrtership of the morrgaged prem;ses, or any part thereof, 6ecomes vested in a person other than the MORTGAGOR, the
:'ORTGAGEE, i+s successws and ass~gns, may, withou~ notice to the MORTGAOR, dea: w~th such successor w successor in interest with refrrence to this
:r.o~fgage and the deLt hereby secured in the same manner as with Mortgagor w~thout in any way vit;ating or d~scha.gi~g the Mortgagori liabil~ty here-
;;nder or upon the debt hereb~ sec~red. No sale oi the Frem:ses hereby mortgaged and no forbearan~e on the pan of the MORTGAGEE o~ its sutcesson
cr assigns and no exse~sion of the time for the paymem of the debt hereby secured given by the MJRTGAGEE or its successors or ass:gns, anal! operate
ro release, d~scharqe, mod~fy change or affect the original liab~lity of the MORTGAGOR herein, either in whole or in part.
10. !t ;s speuficaliy agreed that time is o( the essence of th~s contract and that no waiver of any obligarion hereunde~ or of the obligation se-
cured hereby sha~i at any time thereatter be hetd to be a waiver of the terms hereof or of the instrumeN sewred herby_
11. In add:tio~ to the foregc'ng rnonfh'y paymems of p~inc'pal and intrrest required by the prom;ssory no'e secvrea herebr, mortgagor covenants
a~:d agrees to pay ro mo-/gagee v.~th each rnonrh'y payr.~ent an add:~ional sum eu~rt:ared by mortgagee to be equai ~0 1; 12 of the ann~a! cost of the follow-
ng-
A-All real property taxes lev~ed or assessed agai•;st the above described ~eal esrate.
B-Prem,u~ns on tire and v.~indsro:m ~nsuraece as here~n requ:red to be ca~ried on rhe improvemeafs swate on th~ above described premises.
C-Prt~nfurris on such mo~ry,ge guaranty iaswar.ce as mortgagee shali from t:me ro tvne deem fit to carry on the loan sewred hereby.
Mortgagee sha±+ f+cm time to time not~fy mo~tyagor m wr~ting of the amount due ar.d payabEe hereunder and such sum ihal! thereupon be due and
,~,ab!e on the due date of the ne,ct month!y paymem and eacfi succeszive month thereafter u~tii mortgagee shaN not~fy mortgago~ of a change in such
ount. Such s:,rns sha:l be app~:ied by mortgagre toward the payment of real properry taxes, insurance prem;ums, a~id mortgage guaranty inwrance
~ ;~~emiums.
IN ~•lITNESS '.~HEREQF, tne sa~d MORTGAGOR has hereunto set his hard and sca~ the day and ye r first aforesa~d
~gned, Seafed and ivere ~n the presence of: '
_ fILED A?it RECUSB ~a~
Si. WCtE COUNi1? `
I - ` &pGEF. i Jt~RAS Gar PI1 (Seaq
i CC~' CLERK Ci~ ~JI~ .,OURT l,
; / RFCQP.R Yt ?~~f~~ (Seaq
y- ' L~. (SeaQ
~ STATE OF FlORIDA ~ Q G~ ~n Fay P ~CC
: ~ b~ ~
; u-
~ ~~ur,rr oF St. Lucie~ ~
2431'73
~ Before me personatiy appeared Gary I.. Price and
; Jean FS~I Pr ice his wife, to me well known and known to me to be
~ th~ ind~viduais described in and who e~cecuted the foregoing instrument, and acknowledged before me thal they executed the saine fw the purposes
~ the~ein expressed. And the said `je~~ r'dy Priee , y~ u„".
i
~ w fe of the sa~d GaZy L. PY1CQ v~~ ~ s~pera~ ead private
' e.amination by me takan separate and apart trom her said husband, ntknowledged to and beFore me tfiat she ezecufed said6?)Ny~weM fc~ZAq~'~and.vo~un-
4c
t 'a-i~y and w~thout any compu~ven, constraint, apprehe sio~,`or fear of or from her said husband. /
~ WIiNESS my hand and officia~ seal this- 4 _ day of b • , q~C.~~,{¢ 72
r ~ ~J.~ r J . c' -
P Notary PubGc a for the~t ~ f}~oriab e rgq'"
E ' . . : ~ My Commission pires: ~ .
; Return To: • ~ .•'~i
Fint Federal Savings a Loan Associat~on ~~vE Gr. . „ • • : - - ~
pf iort P rce. . . ~'fw~iiu~1 ' ' E ( • ~l ,~~i~~ ~ .S ( i
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,:Ari~'~ ' rF~PEF:' ~~n
; for; P~-,.~e. Flor;d~ ~ 11"1~ ..~~~C j.~.),Z~ .
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~ -~~'f .;::~rw!j 1~r.~• . ~hU ~
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` ' ;TATE FLORID~.
This Instrument Prepared By Gary F. Ellwood ~CUMENTARY ...,,.StAMP Tf.X ~
` First Federal Savings 8 loan Association Pt.Of REYENUE i'~. ~
' , of Fort Pierce ~ R14i ida =•~=i-i'72 4 2. 4 5 1
P.B. ~ ~ ~
~ Checked By SORK ~o~J PACE(,(~t71.1 ~~02
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