HomeMy WebLinkAbout4122 3. To place and co~tinuo~siy keep on the bw'dings rtow o~ hereafter ~ftuate on sa~d land and on all eq~~pr.ien? and persona~ly coverrd by this ma~g-
e9e, with all prem~ums thrreon pa:d ~n fu11, Fire ina~ronce fn ihe usuai s~a~,dard potlcy form, in • wm a~.Nro+ed by ~he MOR~GAGEE, and w~nds~orm
[niurance in ths ~sual srandard polacy form, in a s~m approved by the MC~RTGAGEE, in such company or compa~les as the 1.'.ORiGAGEE may
d~rcct;. and aU (i~e and wlnds~orm insurance pol~c~es on any of sa~d bu~id:ngs, sny interasl Iherein or pait th~reof, in ihe aggrega~e sum aforesa~d or
in ~xcess ~hereof, shall contain the usual standard mwl9agae dauie or such othei dause as ~he Morigagre may reqwre, me4~n~ the ~oss unde~ s.~~d pol'r
c~es, each and every, pay~bte ro said h1JRiGAGEE as ~ts interest may appear, and each and every such pu:~cy sholl be promptly ass g~~ed a~~d de~~rer~~d ~o
any held by said MORTGAGEE as further s:curity to said mortgage dabt, and, not le~f than ten (t0) days in adva~~ce of the expi~at~on ol each pofcy, ro da~
I~ver to sa~d MORTGAGEE a renewal thercof, together with a receipt for the premium of auch re~ewal; and ihere shall br no Kre o~ w~ndsio~m insurance
placed on any of said building~, any interest therei~ or part thereol, unless in ~he form and with the loss payable at aforesaid; and in the event any sum
of monay becomes payable under auch polity w poGcies said MORTGAGEE shall have ~he option to rece~ve and apply the aame on acco~ru of the indabted-
nesa secu~ed Ixreby o? to permil sa~d MORTGR30R5 1o recaive and use it a any part ~here~l tcr osn~,r ~;urF~oses. ~~r:~t,;,~:r ~h:~~u~ .v.:~.i~~3 0~ p..~r•
~ng any equity, lien or riqhf undea or by virtue of this mortgage; a~d in lhe event ia;d MORTGAGORS shatl for any reason fail to keep ~hn said p~em~s.•s so
~mured, or fail to deliver promptty any of said pol~cies of insurance to sa~d MORiGAGEE, or fail prompfly fo pay fulty any pre~~~~u~n ~her~io~ o~ in a~y
respect (ail to perfwm, dis:harge, execute, effect, complete, con~ply with and a~ide by lhis covenaro, or any par~ hereof, said MGRiGAGEE may p~ace a~~o
pny for such insurance or any parl thereof without waiving w a(fecting any option, l;en, equ~ty, or regh~ undrr or b~ virt~e of th~a Mortgage, and the
full amounl of each and every such payment shall be immediately due and payable and shall baar inte~rst from the date thrreof until po~d at the rate ot
n~ne per centum per annum and to~ethrr with sucl~ inrerest shall be secured by the lien of thi~ mortgage.
1. To permit, commit a suffer no waite, impairment or deteriorat:on o( said property or any pa?t the~eof.
5. To pay all and singula~ the costs, charges and expe~ses, ~ncluding a reasonable attorney'a fee and costs of abs~racts of t~tle, incurred or pa~d at
any time by said MORTGAGfE, because w in the evenl of the fa~iure on Ihe part of the said MORTGAGOR to d~Iy, pro~nptly and f~lly pe~form, d~scharge
~,cecute, effect, tomptete, comp~y wrth and ab:de by each and every the stipulanons, agreements, cond~tions, and covenants of said pra~issory note and ~his
mortgage a~y or either, and sa:d co~ts, charges and expenses, each and every, shal! be immediately due and payable; whether a not there be notice de
mnnd, aftempt to cottect or su~f pend~ng; and the full amount of each and every such payment shall bea~ interes~ from ~he date thereof untif paid at the
~,~e of nin.. per cent~m per anuu:n; and alI said cosrs, charges and exurnses incuned or paid, together w~th s~ch iroerest, shall be secured by the Gen of thii
mOrtgag0.
6. That (a) in the event of any breach of this Mortga9e or default on the part of the MORTGAGOR, or (b) in the event any•of sa:d sums of money
herein referred to be not promptly and fully paid within th~rty (30) days next after the same severatly become due and payabte, withou~ demand or notice.
or (c) in the event eact~ and every the stipulations, agreements, cond~tions and cove~ants of sa.d promissory note and th~s mortgage any o~ either are not
i~1y, promptly and fulty perfwmed, d~scharged, executed, effected, completed, compl~ed w~rh and ab~ded 5y, then in e~~her or any su:h event the sa~d ag
~regate sum mentioned in said promisswy note then rema~ning unpaid, with in~erest accrued, and all moneys secured hereby, shall become d~e and pay-
ab!e forthwith, or thereafter, at thc opt~on of said MORTGAGEE, as fully and complerely aa if all of the safd sums of money were onginally stipu~ated
te be paid o~ such day, anythino in sa:d prcm~ssory note w in this Mortgage to the co~trary nonvithsrand~ng; and ~hereupon or thereafter at the opnon of
sa.d MORTGAGEE, w~thout no~~ce a demand, suit at law or in equity, the~eFore w thereafter b~gun, may be prosecuted as if ali moneys secured hereby
n_d matured pnor to ds institution_
7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, a to fweclose it, or to reform i~, or to enforce
payment ot any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdction thereof for the appointment of s Receiver, such Co~rt shall
forthwith appoint a receiver of said mortgaged property all and singular, incfud~ng a!1 and s~~~gular the income, prof~fs, issues and reve~ues from whatever
sc~rce derived, each and every of whrch, it being express~y understood, is hereby mortgaged as ~f spec~i~cally set forth and describrd in the grenting and
haoendum clauses hereof, and such Receiver shall have a11 the broad and effect~ve funct~ons and powers in any,iv~se entrusted by a Cou.t to a Receiver, a~~d
s_:h appointment ahall be made by such Co~rt as an admitted equity and a matte~ of absotute reght to sa~d MORTGAGEE, and w~thout reference to tF.e
atieqvacy or inadeq~acy of the value of the property mortgaged or ro the so~vency or ~nao~vency o( sa~d MORTGAGOSt o. the defendan!s, and that such
re~,rs, profits, income, issues and revenues shall be applied by such Receiver accorduig to the lien or equity of said MORTGAGEE and the pracnce of s~ch
Courf.
8. To duty, promptly and fully p~rform, d~scharge, execure, eifect, complete, comply w~th and abide by each and every the stipulations, agreements,
;onditions and covenants ~n sa~d promiswry note and this mo:tgage set fwth.
9. Tha? in the event the owrership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
.'~RTGAGEE, its successors and ass~gns, may, w~thout notice to the h,ORTGAOR, deal with such successw or svccessw ~n interest with referer.ce to this
o•igage and the debt hereby secured in the same manner as with Mortgagor witFw~ut in any way vit:ating or d:scharging the tdortgagon' liability herr
~^der or upon the debt hereby secured. No sale of the Frem~ses hereby mortgaged and no forbearance on ~he pan of the MORTGAGEE or its s~ccessors
o. assigns and no exrension of the time fw ~he payment ef the debt hereby sxured given by ~he MORiGAGEE or its successors or ass~gns, ahall operate
!o release, d~scharge, mod~fy change or affect the original liability of the MORTGAGOR herein, either in whole or in part.
10. It is speufically agreed that time is of the essen~e of this contract and that no waiver of any oblegat~o~ hereunder w of the obligafion se-
c~red hereby shall at any time thereafrer be held to be a waiver of the terms hereot or of the instrument secured herby_
~
11. In add.tio~ to the forego ng monthly paym~ms of princ pat and inre~esT requ~red by the prom;ssory nae secured hereb~, mortgagar covenants
ar d agrees to pay to mo*tgagee w~rh each mo~th!y payrnem an add~dona~ sum est~n~ated by mortgagee to be equal to 1;'12 of the annual cost of ih? follow-
,
A-Ali real property tax~s le•ned or assessed agai~~st the above desui~ed reat estate.
B-P!~?T.~:1r:1S o~ fire and windsto~+n ~nswacce as here~n requ:red to be carr~ed on the ~mproveme~ts s~tuate on the above desuibed premises.
C-Premi~ms on such mortgage guaranty insurar.te as mortgagee shail frem rme to time deem fit to carry on the loan sec~~red hereby.
Mortgagee shaff from time to t~me notify mortgogor in writ~ng of the amou~t d~e and payable hereunder and such surn shaH thereupon be due and
~ :~yable on the due dare of the ~~ext momhly p~yment and each s~ccessive month thereafter ur.til mertgagee shall norfy mortgagor of a change in such
~,ount. Such sums sha:E be apF Sied by mortgagee toward the payment of real property taxes, insura~ce prem;~ms, a~~d mortgage guaranty insurence
p ~ <m iums.
i IN V/ITNESS ~NNEREOF, the said MORTGAGOR has hereunto set F.is hand and seal the day and year first aloresaid.
E Signed, Sealed and delivere/in the presence ofa ~ ~ •
~ _ ~ 9 - ~v (Seal)
~ ~ ~ (Seal)
~
~ . ~ ~ ~ ($eal)
- ~ - l ~ (Seaq
y '
@
~ SiATE OF FIORIDA
~ St. Lucie
~ COUNTY OF _ ~
Before me personally appeared Alexander :•1a r15 Cappa r a~
x _ $ett}r ~•:ae Cappa r his wife, to me well known and known to me to be
~ tne individ~als described in and who executed the fwegoing instrumenl, and acknowtedged before me that they executed the same for the purposes
~ rherein expressed. And the sa~d ~e t t y i•a P C F1 Q'7.'~ T
» Alexander :•Saris Caapar ~ ,
_ r~;fe of the said ~ uQp~.e ~p1r~}tp.Mdsprivate
e.am~nation by me taken separate and aFart from her said husband, acknowledged to and before me that she executed said instr~`n~ni~fcee~i~qnd volun-
E ra-~ly and w~thout any computsion, constraint, apprehension, w fear of or from her sa' husband. C• i ~
WITNESS my hand and offiual seal this ~G-~t-. day of Decem e~" 19- 72
- ~
~ -
~i Notary Pubiic in and for the Stj~ of ri et -l~rge~
~ ~ ^ ~ ~ ~ ~ My Comm~siion expirti: / ~jy n~
~ ~ DOCUMEI~ftARCY LORIf~~. ' b` ~ - "
S TA M P i A ~ • ~ ` ~
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This Insirument Pre ared B :T.LUCfE COUMTY flA. ?
P Y J ohn W. Co 11 i n s ROCf R POIfiRAS
- First Federal Savings 8 loan Association CtERK C1R~U11 COURT
- of Fort Pierce , Flor ic?a RfCORO VEaIF~EO ~
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