HomeMy WebLinkAbout3229 To p~~ce ar.d C0~~11(IUJI.Sry lce~ on t~~r Lu~ d~n,3s now or i~ereaftrr s t.:ete on sa~d !and and on aC ~,:~;~~,~nrnt aed periuna:iy co.er~d by this mortg-
ege, w;~A all pre~,:~ns Mer~~on pad ~n tuii, i~re ins,ra•~cr ~n inr ~s.,a~ ih~~~ard po5c~ form, in a s_m aF:~ovrd bf thr A',~R~~A~EE. a~,d w~~dstorm
~nsuranc~ in the us~at er,,nd~rd pof.cy fonn, in a w~~: j;:pro.ed by the h1~RTGAGEE, in such cc~npany pr ccm~;ames as rne ti10RTvAGEE may
d~rect; and a11 f~re and wmdsrorm insvrance poa~c~rs on any of sa~d b:,~id~ngs, any interest therc~n or pa~t thc~eof, in the agg~rga~e sum aforesa~d or
in exczsi thereof, sha!I :oniaan the uswi sraeciard mor~gegre c~e~sa w su:h otFwr dausa as ehe l.lor~yagee may retiu.re, ~~~akh,g ~ne tcss undcr s.~.d poli-
c~es, each and rvery, pa,abiE ~o sa~J 1',JRiGAG~E as rts in~~r~•sr n,ay appear, and each and every svch po~~cy s}~~t; F~E~ pN~nNf~y assg+,<d a~.d de~~Yer~~d ~o
any hald by :,~d 6~.0~'GAGEE as f~rihr~ se~ur~ty ro sa~d mortga~e drbt, a~~d, no~ ~eas than ten ~10) d~ys in ad.a~~ce of thz expirat;on ot e3ch po!~cy, ~o do-
I~ver to sa~d !dORTGAvEE a ren~,,,,a~ fl,creof, ~oge~hrr w~th a r2ce~pt fo~ the p~emium o( wch renewal; a~•d theie sha~l ba no f,re o~ ~.~~~~sre~~n h:s„ience
placed ort any of soid b~~!dui~s, any huefesr there,n e~ part the.eof, unless in ~he foim and w~th fhe ioss payable as aforesa~d; and in the ereM any sum
of money beco~:rs p~ye,~:e vnder s~ch po;ity or pcLc~es said 1L1JR1GAGEE ah.~',' have the opt~on to rec..•~.e ~nd apF~!y tfie sa~ne on accou:i~ of ~he ind.:otrd-
ness sec~red harzby or to pcrmil si(d h10RTGAGORS to rec~ivN and use it or any port the:roF tor e:i,•~r pu•: ~s~~s, ~.•~~~o..t ~h ~r ,~.p,.~~-
~ng any equ~ty, I;zn or r~ght under o~ by virtur of this mo~:gage; and in the event sa!d MORiGAGORS shj!I for any ~~ason (ail to kecp thc sa:d premis~s so
In~ured, o? fail to dr~~.er pro+nptty any of S~id pol~c.as of in1urante to sa~d MORTGAGEf, or ta:! p;cn:ptly to F;ay f~::y any ;:r~.•+:~,;.n ~):c,efot or ,n a:~y
reapecr lait to perto~m, d:schar~e, e=.~cure, effecl, comptetr, con,p!y vvi~h and ab~~e by ~1~~s covenant, or any pen hareoi, s~~d MORT~,:~G~E ~nay p.ac.• a.~a
pay fo~ auch insur.~ncr cr any part tnereof w~~hout warving or atfeaing any op~~on, I;en, equ;+y, or nghi under o~ bt v~rt~e o~ ~h~s htortq,ga, and the
i~(t a~rount of each a~id e~e~y such payment thail be im~ned~ateiy due and payab:e and shall bear inrerrat fium thr d,~r2 tt~ereof w~~i{ p.,~3 at the r,~te ot
n;ne per cer.c;,rn per ~r.nc-~ end !-;-:hrr .vfth exh ~,trr•es~ s1w~~ :~r sr;~ied by the t~en of th:a martgage.
4. To permit, com:c,~t or suffer no waste, impaimzent or dcter;orat~on of sa~d property or any part therrof.
5. To pay all and air.gufar the costs, charges and exper.ars, including a reasonable ano~ney's fee and cosrs of absi~aas o{ tir;e, inc::rred or pa~d ar
~ny rt~~e by sa~d MORIGAGEE, because or in ~he event of ~he fa;lure on ihe pa+t of the said h50RTGAGOR to d~ly, pra»,~ly and ful'~y ~;~rform, d~scharge.
_.ec~ie, etrcU, comp;ere, comply wnh and ab.da by eacn and every ~he st~pulai~ons, agree~nents, cOndihons, and co~en~n~s a~ said prom~isory note and ihis
r:ortgaqe any or e~~her, and sa.d costs, charges ar.d expenses, each and every, shall be immeai~ately due and payab:e; v.hrrher or not ~here be ~ot~ce dr
mand, a:;e:e~pr to co~lett w suit pe~d~r.g; and the fulf amount of each and every such paynzen+ sholl bear inte:est ham ~he ds+e thereof until pa~d at the
•~r u~ ~„nc p~r ;~n~um per annwn; and all sa~d costs, charges and ex~rnses ir.wucd or pa~d, together ~v:~h svch ~r.terest, sh~lt be sec~rrd by tAa ::an of th~f
mortgage.
6. That ta} in the ever.t of any 6reach of tfiis Morrgage or default on the part of rhe MORTG~IGOR, or ;b) ~n the event any of sa:d sums of mo~ey
herein referred to be not p~omptiy and fu~ly pa;d w~ihin th:rty ~30) days ~ext a~ter the same se.~era':y becon:e due and payaL(e, without demand or nohce.
or ~c) in tha event ~,ch ar.d every rhe st~p~:at+ons, a~reerneiits, con~J,r,uns and covenantn of sa d pro~nisso~y note and th~s mortgage any or e~ther are not
i~;y, pron,ptly anJ t,,;iy performrd, d scharg:~d, exec~ted, eifec~ed, complet~d, :ompi~ed with and ab~d~u 5y, then in e:+her or any such event Ihe sa~d ag~
~regare sum men!~oned in said pron;~zsory note then rema~ning ~npa~d, w~th intere>r accrued, and a+~ moneys secured hereby, shall become d~e and pay
no.r fo~~h.v~rh, cr th~rraf~er, at the cur~on of sa~d A1URiGAGEE, as futiy and compiete~y as if a11 uf the sa~d s~ms of money ,nere or~g+na,ly st.pu:ated
to be pa.d on wch dcy, anythiny in sa d pro.n~ssory note or in this ~~Ilortgagr to the co~lrary notw~thstar,d~~~g; ar.d th~•reupon or thereaher at the ophon of
s:.d MOQTGAGEE, w~r:,cut nos;ce o~ drn,and, s~n a~ law or in equdy, ~nereFore or therratter begun, nea~r be prosecuted as if all moneys secured hereby
n,d matured pnor to as institunon.
7_ Thar in the e~<nt that at the 6eginn:ng of or at any ti~ne pendi~g any su~t upon this Mortgage, or to foreclose it, or to reform it, or fo enforce
payment of any do~rns 1~ereunder, taid h10RIGAGFE sha~l apply to the Cov» hdvfr.g ~~r~~d:ct~ort fhrreof fer the appa~ntmem of a Receiver, such Court shail
fcrthwith appoint a rece~ver of xa~d mortgaged property aI! and singu~ar, inc;vd ng ali and s~ng~~ar ihe irtcome, profrts, issues ar.d revenues from whatever
so:,rce d~ri.ed. ea:h ar,d every of wh:ch, it be~ng expressly unde~s~ood. ~s hereby morrgaged as rf spr_~licaily set fo~rh and drsaibed in the granhng and
h,bend~m c!a~ses hereof, and svch Receiver shal~ have all the br;,ad ar,d efiec~i~e f~ncf.ons ar,d po~yers in anywase entrusted by a Cowt to a Receiver, and
s_ _h a~•pointment shail be made by such Go~•t as an adnitted equ~ty and a matter oi abso:utr r:ght to said MORTGAGEE, a~d without reference to the
:_qv;cy or inadequacy of the va.ue of the prapzrty mo~tgaged o~ to the savency or ~nsui~ancy ot said MORiGAGOR or the deienda~ts, and that such
r•,rs, profits, incomz, issues and revenues shall be app~~ed 6y such Receive~ ac.ord.ng to the t~en or equify of said MORiGAGEE and the practice af such
Court.
H. 7o duty, prompt;y and fu[ly perform, d:scharqe, execute, effect, compiete, ccmply w;th and abide by each and every the stipulations, agreements,
c~ndiuons and coYena~rs m sa~d promissory nore and th;s mortg,~ge set for~h.
9. That in ~ne event ihe ownership of the mortgaged pren,~ses, or any part thereoi, 6ecomes vested in a person other than the MORTGAGOR, the
~RTGAGEE, its succcsso~s ar.d ass~~ns, may, witho~t not~ce to the %tORiG~OR, deai «rth s~ch s~ccessw or wccrssor ;n interest w:Th refe~ence to this
~•fgrge ard rhe d_~u! h~reby se.u~ed in the san:r ma~~ner as w~+h r.'lortga~or w~~hc~t in any way vi~~ating or d~schary~ng the 1~lorfgogori liabil~ty her~
e.-der or upon the deGf hereoy sewred. No sale of thz Fren•.ises hereby mortgaged ard no iorbearance on the pan of the I'dORTGAGEE or its successors
cr assi~ns ar.d no eatc~ s:cn ot rhe r;me fo~ rhe peyme~r of the deb~ he.eby securEd given by the R10RiGAGEE or iu successors or ass:gns, a~~all operate
to re~ease, d.schar~e, modify ~nange or aftzct the oriy,nal iiab~~~ty of Ihe MURIGAtiOk herein, e~ti~e~ in whu~e o~ in peri.
10. It ~s spec~~~:alty ag.eed that time is of the essen~e of th~s conrract and .hat no wai.er of any obGgaflon hereunder or of the obligation se-
cured hereby shal: ar an~ t~~~ie rh~reafter be he;d to be a a,•aive~ of the terms bereof w of the instrument secured herby.
11 In ao~ t.- ro fc~e~c ,~g ~<<onth'y payrnenrs of pr:~c pal and ine~~rest requ~red ey the pro~n sscry no!u secu~ed hereb~, mortga~or covenants
~~.d agr_es to pa~ c-tai~~f a~th cach r.,o~:•h'y pa~„ e~~t an add,~~onal s~m es~ n a!ed by mortyagee to be egva~ to 1 12 of the an,~ual cosr of the follow-
3:
A-~!` ~ea! ~.~ope•ry tax;-s ~e.~ed or assezs~d ag.z~• st rhe ab~ve desc~~~rd r~-ai esrate.
R : a o~ f r.~ ar:d .~•;~:dsro~~n ~nsur~%ce as ~e:~~n r~q;:red to be carr~td on the .mYrove~ne~ts s:tuate on th~ above descr~bed premises.
C-Pre•.•:wr s o~ s„ch mort~~gE g~ar~r.cy ~r.w~s• ce as mo•tgagee shail fro~r ~ me to t~~ne ~feem fit to tarry on the loan secured hereb~.
1!ortg,gce s^~!~ 'r:,:n to t~~ne ner~f; :nongagcr ~n writ;ng of the amowt doe and payabte herrundrr and such s~T~ sh.3iE th~reupon be due and
.~.ab:e on th;: d,:e da+~ of th= ne..: monthiy payme~st ar,d e~ch suctessive month t^e~eaft~r ur~tii mcrtgagee shall notify mort3agor of a change in such
~~nt. Su_h s.,~~.s sti e a~F. ~ed ~,y n:~rtg~g ee to~.ard ihe pa~rrent of real propemy raats, insurance prem:ums, anJ mortgage guaranty insurance
r~~e~n;vms.
! IN '~VITt~ESS Y:N=R~OF, the said MORTGAGCR has here~nto set his har,d and seal the day and yea~ first aforesaid. ~
//SS~gned, Seated a~.d d~~~vered in th1 preser,ce of: t 1 t,T ~ 1 ~Ti~
f fy
u:~ ~ f~/~..• 1 ~~~y5 I I
i , i ~ a~,er 'il ~1 i~~~ I l- ~ ~ 1
~~Qg~~'~: ~711UCtrJ~-`~la~j
- ~ L ~ • .SCAI)
~ -
- ~~.~~~t` J L.(.~, L; r~al)
; T----.-.'
; ~.._y~-{Seal)
a Si::TE OF FLORIDA ' 3:
; _ ;U'JTY Of ----St Lucie ; ~.~r•~• , •C)• ~
: < y • ~
s Befo~e me persona~:y appeared James Herschell Gilbert 4 f ~ ~ p~~
: Elizabeth H. Gilbert his wife, to me wel~ known a~a kn~~`^~^
~1 m
p~
= t he ir d~vi duafs descri be d in an d w ho executed the foregoin~ instrument, and acknowledged beFore me thai they eaecute~ tRe ~sne l w~
h e ~~s
1 r F:~rein expressed. And the said 1~?hPt h G i l b e r t ~ ~
- - - :
r ~ -m- ~
rv;fe of the sa~d Jd~eS Herschell Gilbert y_`ua~n'L sep~rett~and,piiwte
' exam:nat:on by me ta4en separate and apart from her sa~d husband, acknovviedged to and before me that she executed said insrr;,r.,ent fieelX artYi volun-
~ r~rity ar.d w~thout any cem~u!von, tonsUaint, apprehens~on, pr fear of or from her said husband..
~ VYRNESS my hand and offic~al sral this_ day of ~Cem e1 A. D. i9 72
: ~-'1 ~.r_ ~
~ ~L
Notar Public in
an~he State of Florida a arge
My omm~ssion expires:
; Retum to: Hdif~RY PUBUC, STATE cl f! R3;OA at LAF.GE
' Frrst Federal Savi<<gs 3 Loan Asscciat;on M,Y GG'l~'i~Slu~~ CXfI':ES 5`.FT. I/, 1574
f
~f ~~~t ~ iOND[D T~aRU MI~'fhApD •ONDINO AQ(NCY
fOri Pi_fC2. ~~C!~~~
1
fILEO A~C RfCOR
This Instrument Prepared By John W, Coll ins s~~ ROCE PO11RA~
' First Federal Savings 8~ Loan Association CLERK ~l3CUIT COUA!
" of Fort Pierce i Flot ida PECORO VER+FIEO
F
Checked By ~r 3~ PM Ij
°~~K2~9 PAcE zz4 ;~43'791
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