HomeMy WebLinkAbout2827 3. To placr ar.d conr~:,uo:.sly keep on the b~~'d~ngs now or he~rafier ~auate on sa~d land and on al' e,.,~~~nem and personally cove~ed by this mortg-
ege, w;1h dIi p~em~u:ns thcraon p~.d in f~ll, f~rc iniure~ce in !ha ~ival star~dard po~ity IOrm, in e sum aFpro~rd by Iha h10R~v~.GEE, a~~d windetoim
;nwrance in the us~al s~andord po: cy fonn, in a sum approvrd by the MORTGAGEE, in such tompony or canpa~iies as Ihe MORiGAGEE may
d~rec~; and all Gre a~,d w~ndstorm ins~ran~e polic~as on a~y of aaid bu~~d~ngs, any ~~~terest ~hcrein or part thereof, in the agyreye~e wm aforesa~d or
in excess ~hrreof, st~al! :on~ain the usual stondard mo:~gagae dause or such o~her c!a~se as ihe Mor~yaqee mey requ~~e, ma~~ng thr ~ces u~~drr s,~d poli-
c~es, each and every, pa,a~'e ro sa~d AIJRTGAGEE as ~ts int~rest ~~ay appear, and each aud eve+y wth po ~cy shoil kx prorr.pt;y ass g~~cd o~ d dri~.~,r~~d ro
any held by s3~d :titORtG.4GiE as f~r~her secu~ey ~o sa;d ~no~~gage debt, and, not less ~han ten (10) d~ys ici ad.a~ue oi the eap~rot:on of each po!rcy, to de-
Lve~ Io said A10RTGAGEE a~enrwel the~cof, together with a reteipt fot thr p~b~nium Of such renewal; a~~d thrre sh~il ~e ~ro f~~e or w~~~dstw~n ~nsurante
pl~ced on any of sa~d b~~id~n9s, any ~nrrrest therem or pa~t fhereof, unlrss in the tonn and with ~he loss payauir as aforesaid; and in the e:ero any sum
of monzy Leto~nrf payab:e undtr s~ch po:iCy Or pel:c:eS Said MORiGAGEE shall have tha Opt~on ro ret~ice o~'d app!y the sa~ne On atcou:v Of the ~nd~•bt~~d-
ness sec:.red hrr~esy o~ to perm~t sa~d MORTGAGORS ~o rece~ve and we it a any pa~~ tl~e~eof icr o.i,•. ~,crp:,srs. .:.tn•~.;~ i1,~•.•~. :•-~~•'J
~n~ any eq~~ry, fen or nqh~ und•_r or by viriue of this mortgage; and in tht evenl sa.d MORTG.~GORS shall for any reason f~il ro kecp ihe sa~d prc~n~s_~3 so
~~s~red, w fail to delive~ promptiy dny Of said poGtie3 Of inwranCO to said MORTGAGEE, ot fai! pro~>>ptly ~o pay fuiiy any pre~~ +wn thrrtte~ or u: J'~y
respecr ta~l To ~rfo~m, d~;ch~rge, ex.~cute, effect, completa, co~nply w~th and ab~de by th~s COVCnant, Or any pa~t hereof, sa~d M~Bi:,.lG[E may p~ac~~ a~a
pey fo~ such insur.,nce or any part thareof w~thout waiving or aSfeUiny any option, lien, equdy, or nght under o~ by werue ot this Alwrg.,ge, and thc
t~il a~nuun~ of each and e.zry sich paymrnt sh~ll be ~mmediately due and payabte and shail bear intarest irom th~ dota ~h<reof un~i! p„~d at the rote o1
n:ne per trntum per enn~:n ond ~o~_•th:r mnh such int~•rest shai~ t~e secured 6y thC lien of this mOrtgage. ~
J. To permit, comrr~it or 3uffer no wastr, impairmrnt ot deterioraLOn of sa~d property o~ any parl thera~f.
5. To pay all and singular ~he cosrs, charges and eape~ses, indud~~~g a reasonable attorney's fee and cosrs of absTracts of t~t!e, incur.ed or pa:d a~
,~ny ti+re by :~+d ~IORiGAvEE, because o~ in ihe event of the fa~iure on ihe pan of the :aid MORTGAGOR to duly, promprly and fu'ly p_rfo:~n, d~xharge.
_.~~cutr, rfird, cemp:ete, comply wrth and ab:de by each and every the stipulanons, agreemems, co~dinons, and covenants of sa~d pron~~>sory note and th~s
,.ortgage any or e~rhe~, a~~d sa.d costs, charges and expenses, each and every, ehatl be emmed~atrly due and payable; wh~ther ~ not there be no~~ce d~
~~and, atten~pt to coi;ect or suit pend~ng; and the full a~nount of each and every such payment shall 6ear en~eres~ from the dare therrof ~mil paid at the
o~ n~ne; per c<~~~!u•n p~~r ann,,,~, ~nc~ a~l said costs. charges and e~penses irxurred or paid, together wnh wch ~nter~st, shall be securrd by ihe I~en of th~s
mortgage.
6. That (a) in ~i~e eve~t of any brrach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of s3:d sums of money
h.rre~n referrrd to be nof prompriy and fully pa~d wi+hin ~huty ~307 days next airer the sa~ne severauy becane due and payabte, without demand or no~ice,
~cj in thr event eath and ever~ ti~e stip~,anons, agreements, cond~tions and tovenants of sa.d promissory note and th~s mortgaga any or e~thei a~e oot
iu~y, pro~nprly and f.,lry ~rtonned, d s;i,arg~d, e,cecuted, effected, completed, comp:~ed w~th and ab~ded `ay, then in e~ther or any s~ch event the sa:d ag~
g~egate s~m rnennoned in said prom~ssory note then remaining unpa~d, with intere;t accrued, and ait moneys secu~ed hereby, sAall becume due and pa~-
ac'e for~h ~ith, or thereafter, at the opr~on of said MORTGAGEE, as fully and completely as if all of the said wms cf rrMney we~e or~gina~ly shpuiated
~e be pa:~ on such d~y. anything in sa.d pro~n~ssory note or in this Mortgage ~o the conrrary notwl~hsrand~ng; and thereupon or Ihareaite~ a~ ~he op~~on of
s=:d MORTGAGEE, w~rho~t no~~ce or demand, suit at !aw w in equity, therefore w thereairer begun, may be prosecuted as if all moneys secvred heceby
r,_d matured pnor to ~ts instituuon.
7. That in ~he event Ihat at the beginnin~ oi or at any time pending any suit upon th~s Mortgage, w to fweclose it, or lo reform it, or to enforce
~ aiment of any d~~ms hzreunder, s3id h50RTGAGfE shall apply to the Cou~t having jur~sd.ci~on thrreof ior the appomtment of a Receiver, such Cou~t shaH
~hw:th appo~nt a receiver of said mortgaged property aIl and sing~tar, includ.ng ail and s~n9uiar the ir.come, p~ofus, issues and rever.~es fran whatever
s~rcr derivrd. each ard every of wh~ch, it br~ng eapressly und~rstood, is hereby mortgaged as i4 spec~Iically set fonh and desvibed in the grenting and
i~~.endum c;a~ses hrreof, ar.d such Receivrr shatl have all the broad and effect~ve funcr~ons ar.d povers in anyw~se entrusted by a Cou~t to a Receiver, and
s. ;h appc~nrme~tt shaU be n:ade by svch Ceurt as an admitted eqvity and a matter of absolute right ro sa~d h10RiGAGEE, and without reference to the
e.1_q.,aty or inadeq~aty of the vafue of the property mongagtd or to the sa.venty or insoiventy of sa~d MORTGAGOR or the defendants, and thaf such
~~+s. p~of:ts, income, ~ss~es and revenues shali br" app~~ed by such Receiver accord~ng to the iien or eq~ity of sa~d MORTGAGEE and the pract~ce oi wch
lJUlf.
8. To du:y, prOmpt:y and fui~y pe~fo•rn, discha~ge, eaecute, effect, complete, comply w~th and abide 6y each and every the stipu(ations, agreements,
;_:~-.d~norts and covenams ~n said promissory no!e and th~s murtgage set forth.
9. ihat in the event the ownership of the morrgaged prem~ses, o~ any part thereof, becomes vested in a person othe? than the MORTGAGOR, the
~'ORTGAGEE, irs wcce:sors ar.d ass~gns, may, wrtho~t no~~ce to the MORTGAOR, deal with such successw or successo+ in imereat with reierence to this
c-t~age and the d~b~ 1:e~eby sec~red in the same manoer as with Mortgagor wnhout in any way vit~ating or d~uharg~ng ihe ldortgagors' Iiability here-
::,der w uF.on the dr~t hereby sec~:ed. No sale o1 the prem~ses hereby mortgaged and no forbearance on the part of the fhOR1GAGEE or its successors
er ass~gns and no exce^s~on of rhe t~me ior the payment of the debt hereby secured give~ by the MORTGAGEE or its successors or ass:gns, a~~all operate
ro re~ease, d~scharge, mod~fy change or atfect the origmal liabilny of tne MORTGAGOR herein, either in whole or in part.
10. IT is speu~ically agreed that time is of the essence of this cororact and that no waiver of any obligauo~ hereunder or of the oblgation s2-
cured hereby shah at any time thereatter be heid to be a waiver of the terms hereof w o4 the instrumero secured herby. ,~~~~i~~~
1 l. In acid t:e~ to th> forego ng munth:y paymenh of princ pa4 and interest required by the prom`ssory note sacured hereby, mqrt ~cO~Qants
~.d agrces to pay to n:o-tyaqee v.ith each r.:on!h`y payr„ent an sdd~rional sum est~n:ated by mortyagee to be equal to 1; 12 of the annuai ~t~~.ti~f,oi[q~4-;
CJ ~ t J .
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A-A!I real prope~r; raars lev~ed or assess~ci agai•,s! ihc above described real es:z~e. ; : •
B- P.er:~;,•ns on f~re ard .vir.dstorm ~nwrar.ce as here~n ~eqwred to be carr;ed on the :mprovements s~t~ate on the above des{ri~d:~mises.l :
~ ~
C-Pre~:~wrr•s on wch n~ort~~ge guaranty insurar,ce as mo~tgagee shall from tme to time deem fit to carry on the loan secured ht¢~r. G1 t-
Alortgagee she•! 'rom to:ne to ti~Te notify mortgogor ~n writing of the am.ount due and payable herzunder and such su:n shali thweOpO~. due a`iA "v •
;ab!e on ~he d~e dr~e or rh: ~:ext mo~thiy payment and each succeszive mor,~h thereafrcr ~:.tii mortgagee shall not+fy mortgagor ci~a Chd'd'9e inttuch'
f . o~.:nt. Such su~r.s s! e.~ be applied by mortgagee tov.ard the pa,ment of real properry taxes, insurence prene:ums, and mortgage yvar~Afy, jp;y~aricg t_
:~•-ea:~umi. ~ • '
f IN \'lITPJESS :.'!-~~REO~, tne sa~d MORTGAGOR has hereunto set his hand and seaf the ay an year first aforesaid. -
~ Signed, S~aled d ~Yered in the presence ot: BLAN'PON AND D C~
E FILEO AN^ FECJROEO
i , C~E COUNTY FLA- ~"~1
~ : - ~ ~ ~OGE~ *~~!-R~S gy. mes N. Blanton, Presiden~ap
~ r 1 ~ ~ - .J 1 ~ .~C . 3?T CCURT ' ! ,
~ ~ KR Cv ' (Sea!)
'1= ~ - ~ ATTEST : ~ ~ t5eaq
~ ~~C ~Z I zi PN ~TZ 1 ia F. wood, Secretary-
=~.4iE OF ! .ORIDA ~ , ~ ~ Treasurer
2435~8
`TATF ~F FLORIDA 4 t~ COUN OF ST. lUC1E
I hEREBY CERTIFY, That on this day of-__.~~~sL~_ , A.D. 19~~,
befc e me personaliy appeared - and -!-_.,,I.ulia-F_~k.oac~
~ re; ~ectively President and Secretary Treasurer of
~ 8lantn~n.~nd_1snn~_C_ons truc t~_ Inc . a___.._~14~ _ Corporalion, to me
~ •
a l~nown to be the persons described in and who exrcuted the foregoing instrument, and severally acknpwiedged"the exe-
•~otion thereof to be their free act and deed as such officers far the uses and pur~oses therein mei'4tipp~e~ ar~, dhat they
~ . , . :
~ ~?~ixed thereto the official seal of said corporation, and the said instrument is the 3ct and dee~'~of ~said cp~por~tion. -
~ '~"JITNESS my hand and official seal at Fort Pierce _ said Eounfy an~ ~dt~; ~ ~ -
~
~ - ~:1 ~ :
This instr~ent prepared by ' A -
J , a .
Tt ~ ~ : ,r ~.~t `
~ J. H. Roberts, Jr. Notary PubGc, in and for`St~4e ~nd~ o6r~iy.afaresait~:,
~ First Federal Savings and Loan AssociatiM~nCommission Expires: ~ ' % ~ ~~t_ '
~ of Fort Pierce, Floricia 1 ;,a
- ••f~,..,~,.
~ Checked By ~ j
~
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~
S40K~ P~f~~
~y .
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~ x~ ~ Y ~ . ~ y a~~~~~~~ ~
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