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HomeMy WebLinkAbout3483 To place an~ co~~t~nuously leep on the bu~'d~r.gs noov or he+eaiter ~~tuare on sa~d ~and and on aC eq~~p~nrnt and personally covered by ~h~s murrg- .,~a, w~th a!~ pren~wrns th.:rcon Ns.d ~n fuil, f~re insurance m ~hc usual a'andard poi~cy form, in a sum dp~tOr~'d by the h10R~iiAG'ri. ar~J w~nduorm rsurante in the usual yfandard po~.cy farm, in a wm approved by the MORTGAGEE, in such company or co:npa+~~es as the MORiGAGfE may ci~~aU; and all f~re aaJ w:ndstorm ins~ran~e po•+c,es on any of sa~d build.ngs, any inte~eat therein or part thereof, i~ rhe aggregare sum aforesaid or ~n excess thereof, shall zonto~n ~he ~sual sr~ndard ~no:~g3gea c~ause or such o~her ciauee as the Mo~~yayee may req.,.re, making the ~oss o.xlr~ s~.d poti- aea, each and every, pay.,~'e ro sa~d h1JRiGAGEE as ~ts in~erest may appear, and each a~~d every svch pc~~cy shj11 be promptly ass ynrd a:;d de~~.c.~d ro any held by satd h10R(GAGEE as {unher sewrity to said mor~yage debt. and, nor less than ten (10) djys in ~d~ance oi the exp~~e~~on of each poGcy, ro de- l~.ei !o sa~d MORTGAGEf a renewal thereof, togethrr with a rete~p? for the prom~um o1 such renrwal; and ihrrz shall be ~:o f~re or K~~~1~510~~r1 inwrance p!ated on any of said b~~!d~ngs, any interest therem w par+ thereof, unieu in the form and with the loss pa~a~Ie as afo~esaid; and ;n the evenl any sum of money becomes payable ~ndrr s~ch poiicy o~ pol,cias seid MORTGAGEE sha11 have ~he opt~on to ~ec.:ive ~nd apply the sa~ne on acco~~~t of the ind~btrd- nese sewied hzr~by or to perm~t sa~d ~AORiGAGOR$ ro receive and ux it a any parr th~~:~of lor o:n~r ~.~~;;os~•s, v,l~h~,t th ,;r ~n3 any equ~ry, I~en or r~ght undrr or by vutue of th~s mor~~age; and in the event sa:d M~RTGAGORS sha!I for any re~son fail to A~ep ~he sa~d prem~s_s so ~r.sured, o~ fait to dei~ver promptly any of said polities of insurance to sa~d MORiGAGEE, o~ fail promptly to Eay fuily any p~em~u:n then_fcr or in any respec~ (ai! to perform, discharge, exrcutr, effed, compietz, canply wi~h and ab~de by th~s cove~ant, or any part harcwf, s~~d MuRiGAGEE n,ay p~acr a•~a lor suth ir,surance or any par) thereof w;thoul waiving or affecting any opt+on, lien, eq~;ty, ot ri~hf under or by virtue of this Mortgage, and the ?,.~I an,ouM oi each and every wch paymrnt shall be immediately due and paya6le and shall 6ra~ interest from th~ date thereof u~~iil p.,~d at the rare o! ~~:e per cenrum per annvm a•~d ro~~th:r vvith sucli inter~st shai~ be s~cured by the l+en of th~s mortgage. d, To permil, commit or suffer no waste, impairment or dele~~oration of said prcperty or any part thereof. S. To pay a!! and singula~ rhe costs, chargea a~d expenses, including a reasonable atto~ney's fee and cos~s of ahstracts of title, incuned or pa~d at ~ny ti~ne by said MORTGAG~E, because or in the event of the fa;lure on ~he part of the said MORTGAGOR to duty, promptty and fuHy perfor~n, d~scharge. e.ec~re, ef(eU, cwnplete, canpty wai~ and ab;de by each and every tbe st;pula~~ons, agreenie~fa, condn~ans, and cove~ants of sa~d prom~ssory note and ~h~~ ,:or~qage any or ei~he~, and sa d costs, char9es and expenses, each and every, shall be immediately due and payabte; whefher or not there be nonce da --,and, attempt to co~lect or suit pend,ng; and t6. full amouro of each and every such payment shal! bear interest irom the date thereof until paid al the •r v~ n~+ie per centum per aro;,,v~; and ail said costs, charges and expenses +n:urred or paid, togcther w~th wch interest, shalt be setured by the Gen ef th~s n,o~tgage. 6. That (a) in the eve~? of any breach oi this Mortgage or default on ~he pa~t of the MORTGAGOR, or ;b) ~n the event sny of sa:d sums of money F_,ra;n referred to bz not p~ompr~y and fully pa;d within ~h:rty i30f days next a'ter the same severatiy become due and payab!e, wi~hout de~rand or no~ice, ;c) in thr event each and rvery the snpulations, agreemenfs, cond~t;o+~s and covenann of sa.d promissory nofe and th.s mortgage any or e~ther are ~ot j.,'y, promptly and fu~iy perEormrd, dacha.ged, execurzd, effected, complered, compi:ed with and ab~ded 5y, ~hen in e~ther or any such eve~~t the sa~d ag- ~ate sum mennoned in sa~d prorAissory note then remaining ~npald, w~th imere;~ accru~d, and ali moneys secured hereby, shail become due and pay- n:, e fonhwith, or thereafrer, at the opuon of sa~d MORTGAGEE, as fu(ty and tompfetely as iF aN of rhe said sums of money were ongina:ly stlpu~ated ro be pa:d on such dcy, ar.ythmg in sa:d prom~ssory note or in this Mortga~e to the cerora~y nor,n+thstand~ng; and ihereupan or thereafter at the op~~on of sa.d MORiGAGEE, w.rhout nohce or demand, svit at law w in equity, there~ore or thereafter begun, may be prosecuted as if alf moneys secured hereby r:,:d matured pnor fo ~ts inst~!vt~on. 7. That in the event that a~ rhe beginn~ng of w at any time pend~~g any s~it upon this Mortgage, or to foreclose it, or to reform it, or to enfo~ce ;~yment of any u~m.s he~eu~der, sa~d MORTGAGEE shall apply to fhe Court havi~:g ~unsdiction thereof for the appo~ntment o£a Rrce~ver, such Cour~ shail ~~:~hwith appoim a rece~ver of said mortgaged property a:l and singutar, inciud,ng all and singutar the inco~ne, prof~ts, issues a.:d revenues irom whatever .~rce derived, each and eVery of whlch, it ~~ng express!y underuood. is hereby mortgaged as spec~ficaily set iorth and destribed in the grannng an~ h_,~endum ciauses hereof, and such Receiver shali have aN ihe broad and eff~cfive funct,ons and powers in anyw~ze entrusted by a Court to a Recaiver, ard s.,h appo~nrme,it sha~! be mada by such Court as an admitted equity and a matter of absolute r~9ht to said MORiGAGEE, and without reference to the eci~~q~acy o~ inadeq~acy of the va!ue of the properry mortgaged or to the so~vency or ~nso~vency oi sa~d MORTGAGOR o+ the defendants, and ~hat such ,^±s, profits, income, fssuFs and revereues shaN be applied by such Recerve~ accord,ng to the lien or equity of sa~d MORTGAGEE and the prachce of sucA Court. 8. To d~!y, prompt!y and ful~y perform, d~scharge, execute, effect, compiete, comply with and abide by each and every the stipufations, agreements. ~ocd,tipns and covenants in sa~d promissory nose and th~s murtgage set iorth. 9. That in the eve~~~ the awnership of the mortgaged pren,~ses, o. any part thereof, becomes vested in a pe~wn other than the MORTGAGOR, ihe :'~RTGAGEE, its successors and ass~gns, may, without no~ice to the AtORiGi.OR, daa~ w~~h such successor or successor ;n ~nterest wi~h rete~ence to tnis ~ o•+gage and the d_ut hereby secured in the same manner as with l,tio~tgagor without in any way vit~aring or d,stharging fF~e hlortgagors' liability here~ „nder or upon the drb~ hAreb~ sewred. No saie of ti~e Fremises he~eby mortgaged ar.d no fo~bearan~e on the part of the 1J10RTGAGEE or its successors or ess~gns and no e,~tees~on of the rime fo+ the paymenr of the debt hereby secu~ed given by the M.ORTGAGEE or its successws or ass~gns, a7ia11 operate ro re~ease, d~scharge, mod~fy change or afFect the orig~na! liab~l~ty of the MORTGAGOR here~~, eether in whole or in part. 10. If is srec~fically aqreed that time is of the essence of this contrad and that ~o waiver oi any obtigation hereunder or of the obligat~on se- c.,~ed hereby shai~ at anf time the~eafter br he!d to be a waivrr of the terms hereof or of the instr~mem secured herby. 11. In aJd:tio ~ to the forego'ng menthty paym~n~s of print pa~ and intrrest required by the prom ssery no!e secu~zd hereb~/, mortga~or covenants :i a~r_ES to ildy iJ n:ort~3gee hirh each monrh'y pa~r ient an ad:i~rionaf sum css~~rated by mortgagee to be eq~ai to 1, 12 of the ann~al cost of the fotlow- ~ A-At! r~al property taxas !ev~ed or assessed ag.3i•ist the above desc~~bcd re-ai estate. 6- Pr~~~r.~u:ns o~ f•re and w~ndstorm inSVran~z as herr~n requ;red to be carr~ed en the ~mHroveme~ts s~tuare on the above d_scr~bed premises. C-Premi~ms on such mortg;ge gvaranry ~r.sura~ce as mo~rgagee sha;1 froT t me to nme deem fit 1o carry on N~e loan sFCUred hereb{. ~.lortgaqee sh;'.I from f~,ne to t;me netify mengager m wrrtmg of the arr.ovnt d~e and payable hereundrr and such su-n shall th~reupon be due and .+.~.b:e on the due date of the next month:y pay~r.ent and each successive month thereaft~r w:ti! mortgagee sha!t not;fy mo~rgagor of a change in su:h ~_nt. Such s~ms sha i be app:ied by mo~tgag~e ~oward the pay~nent of reat property taxes, insurance prem,ums, a~id mortgage guaranty insurance _•niVms. IN \'~ITNESS '::H:REOF, the said MORTGAGOR has hereunto set his hand and seat the day and ar first a(oresaid. ~ 5'9ned, Sea:ed and dztivered in thr presence of: ~ - ; L~-'=~ ~ ~ (Sea4 Bradfor Curr l~a~) ~ ~r- 1 . ~ • ~ (Seap _ _ _ Catherine Curr ~~a~~ ~ ~7ATE OF f[ORIDA ~ SL . LuC2e ~ ~JUNTY OF _ 1 Before me personal!y appeared Bradford CUZYy and _ COL~ter2tl~ Cilrl y h~s wife, to me well known and known to me to be ~~e ind~Y~duala desc.~bed ~n and who executed the foregoing instr~ment, and acknowSrdged before me that they executed tne same for the purposes ' th~*ein expressed. And the aaid Cather ine CUtt}/ Bradford Curr ~ :~•re of the said - y ,uepn~a aep~e.ate af~ priwtQ e,am~nat~on by me taken seFarate and apart /rom her said husband, acknowledged to and before me that she executed sait~iKSl~ynlAl'lYSr~~rand•yoiuo- ! oa•Jy and wrthout any compuls+on, constraim, apprehe3a:on, or fea~ of or from her said husband. - • ~ WITNESS my hand and offic~al seal this_ f fi day of - December _ q_ p•~•~q- ~l_~~ Z. ` ~ ~ = ! Notary Public in and for fhs~~~ate: f Fbrida at la ' . : 1 : ` My Commission expires: c _ - - ~ Return To: .,Ji~.I~Yi~L~.•~'S7~TEof FlN~i~1~ RA?it.iARGE ' First fede~al Savings 6 Loan kssociat;on fdY COM4M!$iS~~~B~~NPY. 25. 1975 ! Of fort P~erte. BOAQEd $ 111SIJ(a11CB W. fort P~erce, florida t 3 ; This Instrument Prepared By ~nnis F, Holerget fIlEO AMO NECOAOEO '~f :T. LUCtt COtlMTY fLA. ? First Federa! Savings 8 Loan Association RGCE~~ ~~i~TRAS ( ; of Fort Pierce , Flor ida CIERK Cc~CU~T COURt ~ RFCORD YE=~~F~EO Checked ey~ OEC 1O $ SO AH'~1 ~oo~2U9 ~d~F 4~78 z~:~9~s .~r