HomeMy WebLinkAbout2759 3. To place ar.d con~inuo~siy keep on the bui:d~r.gs nuw or here~iter ~~tuate on so~d land and on afl equi~.ment ar~d prnor~a~ty colered by this mortg-
ege, wiih elI p~em~ums thereon p~ d in full, iue ins•.,concr m thr ~suai swr~ard po~icy form, in a eum aHpro~ed by tha htUR~i.:.C,EE, a~~d windsturm
~nsu~ance in the usva) standard po:.cy form, in a s~m app~oved by tha ~10RTGAGEE, in suc6 coi:~pany or comF.an:e3 ~s ~he h10RiGAGfE may
d~rect; ar~d all fiie and w~nduo~m insura~ca poi~c.~s on any oi aa~d b::~id~ngs, any ineriest therem or pa~t nc~r~u(, in ~he a~yr~ga~e sum aforesa~d or
in excess th~reof, shaq ,ontam the ~suai srardard morrgager c:ause or such o~her tlause as the Mortgayee may my~.re, n~aking Ihr ~cas unJar a~~d poti-
c~es, eath and rvery, par:,b:e to so~d ~1lJRiGAuEE as ~ts in~,;ratt may appear, and each and eve~y s~ch po,.c,r sh.,tl ~e picn,F~tiy ass g~~~•d o~.d de~~~~•rrd to
eny held by sa~d h10RIGAGEE as funhv s:writy ro sa~d n.u;tg~ge dcbt, and, not teis than ten (t0i days in ad:a~ue o( th~ e~puof~on of ea:h pol~cy, ro da-
;;ver to said MORTGAGEf a renewai ~hcreof, toge~her w~th a rrte~~~t for the premium oi such :ene~al; a~~d ti,rre shalt be no i,~~ o~ wi,~dsto~m insurance
placed on any of said bvildL:gs, any in!c~est there~n or part th2reoi, un,ess m the form and wrth ~he Icis payab!e as aforesaid; and in the event any sum
ot money becon,es payab:e undrr s~ch po~icy or pal~des ~a,d b10RiGAGEE ah.~ll have ~he op~~on to reo:~ve anJ opN'y ihe sa~ne on account ot the is~d~o~~•d-
ness sec~red hareby w to pennit s~~d MORiGAGORS to receive a~~d use it pr any ;,irt !t,~~;~~~f tor o:~.~ r ~~r;:os_s, :,.u:,.:t th o~
~~g any equ~ty, ~ien or nght under o~ by virrue of ti~is n:orrgage; and in the event sa d AIJRTGAGORS sh3!! .'or any ~cason fai! to kaep rhe sald p+e~nls_•s so
In:wed, or fail to de'~~er pro~npt~y a~y of said FoLues o( insu:ance fo sa;d MORTGAGEE, or fa:: ~;on:p!ty ro pay Iwly,any p~r~r.,~:n +hereior or ~n a~y
reepect fail to per(orm, d~schar9e, exec~re, effe;t, tanpteta, comply wi~h and ahide by this covenant, or any par~ htreof, sa~d MGRiGAGEE may piacc a•~d
pay fw such ins~rance or any part the,eoi wdhout waiv~ng or nffecting any op~io:~, Gen, equrty, or n~hf under o~ by v;~h,e of th~s h~or~~age, and the
f~ll amourt of each and e.ery such payment sha:l be immediately d~e and payable and shall bear interes~ trom the dare thereol umil pwd at the rate ol
*~~~~e prr cent~m per ann_. n and toyrthrr ~nrth suth int~~r~at shafi 5e s~`tuied by thG 62n Of fhiS mortgagc'.
S. To permit, commit w suFfcr no waste, impairr.icRt Ot deteiiorafion of sa+d property or any part thereof.
5. ?o pay a~) and singular the costs, charges and expe~~srs, induding a reasonable a~torney's fee and costs oi abstraces ot ti~!e, incur~ed or pa~d at
a~y time by said MORTGAGEE, becauae or in ~he event of the fa~lure on the pari of ihe sa~d h10RiGAGOR w duly, pro:np!ly and fully pe~form, d~scnarge.
e,cec~te, effect, canplere, con,pty w~th and ab;dr by ea:h and every the s!~pv+at:ons, agrernicn/S, condmons, and cove:iants of sa~d promi;sory note a~~d ~h~s
rnortgage any w e~ther, and sa d cosrs, charges and expenses, each and every, shall tx immed~ately due and payab;e; v`h~-rher or not ~hrre be no~~cr dr
rt~and, attempt to co,~ect or suit per,d~~g; and ehe full amoum oi each and every suCh payme~t shatf bea. inr~resr from rhe da~e thereof ~,nril pa:d at the
:.•~e o~ n;ne per c.,r.tum p.~r on~w;n; and au said co:rs, charges and exp~ns_s hKUrred or pa~d, togett~ar .v~th s~ch interest, sheU be secured by the ~~en of th:s
mortgage.
6. That {a) in the evenf of any brrach of th~s Mortgage or default on tha part of rhe h10kTGAGOR, or ~b) in the evcnt any of satd ivms of money
herein referrc>d ro be no! promptly a„d luuy pa~d wiih~n ~h;r~y j3J) days nex~ airer the same se.e~a:ly betome doe and payobte, withou~ demnnd or no~ice.
or (c) irt thr event each and every the stip~lanons, agreements, cond:t~o~,s and tovenants ot sa d prom;ssary note and th~s mortgage a~y o~ erti,er are not
iuly, promptly and tvtly perfo:~ned, d~scnarged, exewted, effected, canp;eted, co~~~p;,ed w+ih ar.d ab~dcd Sy, then ;n e~+her or any such event the sa.d ag
~regate sum ment;~ned in sjid p~om~ssory ncra then rema~n~ng ~npa~d, w~th ~mere;~ acaued, and a.l monrys sewred hereby, st~al! become due and pay
ao'e forthwith, or rhereaf~~r, a~ ~hr ep~.;.n of s,~d MORIG.~GEE, aa fuily and cor+,p•.efe:y as if atl of thr sa~d sum; of money ree.e or:g;r~atly sr:pu:ated
'o be pa~d on such d:.y, anythir,g in s3 d pro:n:ssory note or in this Mortgage to the cororary ~oh~~thst~nd:ng; and there~pon or thereaftrr at the opt~on of
s..d MORIGAGEE, v~~thout nor~ce or drmand, su~t at !aw or in eqwty, therefo~e or thereaf~er begun, may be presxcuted as if all moneys secured hereby
n_d matur~ pnw to ~ts ~ns~~tuaon.
7. That in the event that at the beg~nn ng of or at any time pend~ng any su~t upo~ this Mortgage, or. to foretbse'it, or to reform i1, or to enforce
~~.,ment ot any ctaims he~eunder, sald t110RTGAGEE shaii apply to tha Couri havir.g ~w~sd.c~:on thereof ior ~~tg appaoanrnt~of ~a Rece~ve?, such Court sha~l
Fc::hwirh appoint a receiver of said mortgaged ptoperty alt and singu:ar, ;nc;ud,ng ai1 and s:.~qular R~e income,_ profits, iu~es and revenves from whjte~er
scu~ce de~~ved. each and every of wh:ch, ~t i~e~ng express!y underseoed, is hereby morrgaged as if speufically set fo.th and described in the gran~~ng and
hsbendum dauses hereof, and such Rece~wer shau have all the broad and efiea~ve f~nct.ons and powers in anyw~se emrusted by a Co~rt to a Recriver, ar•d
s:ch appcinrmen~ shall be ma[!e by svth Cowt as er. ad:nitfed eq~ity ar,d a n:a~ter of absolute r~yh1 to said MORTGAGEE, and without reterente to the
a::eq~acy or inadequacy ol the valve of the properry mortgaged or ta the wvency or ,nsoivency oi said MOR~GAGOR or the cJef~ndants, and that~such
re•,rs, profits, incanr, issues and reven~es sh3(i he app:ied by su:h Retc~ver accord~n~ to the 1'een or eq~iry of sa~d MORTGAGfE and the practice of suth
CouA.
8. To duty, promptty and ful~y perform, discharge, exec~te, effect, complete, co~r.ply w~~h and abidr by each and every the stipu+arions, agree~nents,
:onditions and covenanrs m sa~d promissory note and th~s mortga~e ses forth.
9. That in the event the ownersh~p of the mortgaged pre~ms~s, or any part tnc~eof, become~ vested in a pefson ofber than tne MORTGAGOR, the
:.;iRTGAGfE, its successors and aseigns, may, wi;hout npt6ce to the 1".ORTGAOR, deal w;th w.h wccesso. or successor in interest wi:h rrference to this
• orrgage and the d_ot hereby sewred in the same manner as ~n~~h Ato:~gagor ~nrnhout in any ;.•ay vit:a~ing w d~schargfng the l~to.tgagors' liability here-
:,~~der or upon the debt hereby se..,~:-d. No sa:e of ~he F~e,iusrs hereb, mortgaged ar.d no fo:bearance o~ the part of rhe IJtpRiGAGEE or its successors
o~ ass~qns and no exre~~ston of the si~r,e for the paymenr or tF~> oebf he~eby secured glven by the MORTGAGEE or irs svccessers or ass:gns, a~iall operote
ro release, d~scharge, mad~fy change or affe.t the orig~na! tiau,iay of the XORIGAGOR herein, eifher in vvhoke or in part.
10. It is spec:fecaiiy ae~eed that time ;s of the eszer,ce uf th;s contract and that no waiver of any o5'~gat~on hereunder or of the ob!ig~tion se-
cured hereby shah at any time the~eafter be h~-,d to be a wa~ver of the terms hereof or of the instrumeM secured herby.
l l. In a;id.t:on to the ierEno ng nwntn:y ra~ments of pr+oc pai and inte~cst requiied by the prom:s>c~y r.ote s.:ured heteby, ntortgagor eOVenanis
s•.d agrees to ~ay to mo't~agee rn,~;h each rnentt, y pay~.~ent an add~r:ona! sum est ~:ated by mortga~ee to be equaf to i2 of the annual cost of the follow-
,,.3: .
A-Af~ real property ta,cos Ie•ne~ or asxssed agai•,st th_ aco:e desui~ed rrat esfate.
B- Fra~•.:u•ns o~ f~re and windsro. n ~r+sur3rce as nere~n reqo;.ed to be ca~n•:d en tha im; roveme~ts s:rua:e.on the above d^scr~bed premises.
C-Prerniums on such .corrg_o~ g,;aranty insv.a~:e az mortgagee sha;! fr~:~r r~:re }o :~mu dF•e:-i f~f ro tarry on the loan secured 'hereby.
Mortgagee shaii F:cm nme to ;,:-,e nor:f~ rnort,;ager ~n wnt~ng of the a~ro~~~t d~~ ar.d payabte hereunder and such w~~ sh.~il therevpon be due and
,;ab'e on the d~~ Cot? oi ~he rrext mo^th:~ ~ayn;ent and each s~:cess~ve mo~th tn~reafter ur.tit mcrtgagee sha!! no+ify mortyago~ of a rhange in such
:,unt. Such sums sFa:t ~e ap,~:ied ty m~rgaj~e roward Yne paymnnt of fc'3i property taxes, inwrante prem.ums, a~d mortgage guaranty insurance
: ~~emiums.
IN `':ITNESS :':H fOF.~ tne s d M~RTGAG has hereunto set hi: har.d and sca! the day and year first aforesaid.
Signed, Seated nd dei~verec~ i t presen.c~f:
~ ~ ~
" . . s~~ -
: ~ - (Seal)
~
,Y- C : / % l5eal)
lSeal)
S~A1E OF fLQRIDA ~
~OU!JiY OF $t. Lucie
1 ~
Before me persona{ly appeared _ Net~l n D R~~`~+s~* and
Helen_.~ Relehart his w7fe, to me wel! known and known to me fo be
~he individuais descri6ed in and who executed the foregoing instrument, and atknow~edged btfore me that they executed the sarrx iw the purposes
rh^rein expressed. And the sa:d_ Helen Q~ Reiehart
+:~~e of the ~~a ~ _ Nathan D. RQ1C21aX't u a sepa:ete and private •
eaam~nat~on by me taRen separate and apart from her sa~d husband, acknowtedged to and beforc me that she execu:e~ said insi~ bnt•fr4ely and voivR-
~~y and w~tho~t any compu~s;on, consrra~nt, appreh ns~ ,or fear of or from he~~aid husband. • '
~
WITNESS my hand aRd oH;dal seal this_ ~ day of ovedbe o: 19_~~
; ^ - . ~
~ + ,i
otary P~blit in an f~ .tFx Stafe ,of~ o~~ a at lar '
My Commission ~ r ' • ~
Return To: I+jQTAPy P••n~ ~T ~ r: .
/ ~ ~ '
first Fe~deral Savir.gs ~ loan Associat,o~ ;,`a i. _ . ~ . - -
Of Fo~~ P e~ce. 1itf~~RAL iihSUfii~(JC~ liNl:tRlHeet7ERS. (~I~, ~ t
: -7~ ~
fort P~ercz. F'crlda
f{LEO AN:'^ ~ECORO~~
ST.IUC:E ..~UNTY FIA.
RG~tr =-~IT;1?S (
This Instrument Prepared By Ga?Zy F. BllwOOd ~~Ect ~t :;~IT COURT
First Federal Savings 8~ Loan Association RECGPI' ~L- ''•`G
of Fort Pierce ~ F1or ida
Checked By ~ ~ ~ ~ ~g
~
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