HomeMy WebLinkAbout4386 3. To p~ace and connnuously krep on the b~i'd~ngs now or hereafter ai!~ate on sa~d land and on ali ~qu+p~~~rnt a~~d personatly covered by ~h+s morrg•
e~e, w~th all premiums thercon pa.d in full, f~re ins~rance m the usvat stai:da~d po~~cy form, in a s~m approved 'oy the MOR(C,:.GEE, a~~d w~ndsror~n
;nsv~ance in tM usual •tandard po!.cy form, ~n a sum aFprored by the MQRTGAGEE, in such tompany or compan:es as ~he MORiGAGEE may
~~rect; and all }ire and w~ndstorm insurance po!k~es on any of aa~d b~iid~ngs. any inte~est therein or part thereof, in the aggrega+e i~m aforesa~d o+
~n excess Ihrreof, shall co~tain ~he uival s+andard morfgagee c:ause or such o~har dause as Ihe Mo~tgager may ~equ~re, maMing ~he ~ess undrr sa~d po~~
c;es, each and every, payab!e to sald A1JRIGAGEE as ~~s ~~~rrest may appear, and each and every such po~:cy sh~il be prompily ass gncd ord de;i~rrrd ro
eny held by sa~d h10RfGAGEE as (urther security to sa~d mortgage drbt, and, not !ess than ten (101 djys in ad.ance of the exp~~a~~on of each poGcy. ~o dr-
~,~er to said MORTGAGEE a renewal thereof, together with a rete~pt for the pr~m~~m of such renewai; and thrre shall be ~w f.~e or wueostorni i~•;~rance
~!~ced on any o1 sa~d buildings, any interest there+n or par~ inereof, unfesa in the torn, and with the loss payau!e as aforesa~d; and in the e~ent any sum
of money becomes payable under such policy w pol.ciNS sa~d MORiGAGEE sh,•tl have the opt~on to recaive a~~d app?y the sa~ne on account of the indabt~•d•
r.r:s sec~red hereby or to permit sa~d MORTGAGORS ~o recaive and use it or any part N~rrco} to~ o:n~•r ~.u~, osrs. ,•.~~ho.:t th:~. .v~~-~ or v~~'-
ing any equ~ty, lien w~~9ht undrr or by virtue o} this mo:tgage; and in ~he event sa~d MORTGAGORS sfiall !or any rcason fail to keep the said p~em:us so
:~sured, or feil to del~ver promptly any of said pol~cies of insurance to said MORTGAGEE, or fa~! prump+ty to pay f~lly any pre~+~~~m therefor or ~n a~~y
rrs~ect lail to perform, discharge, exec~te, effect. comp~ete, tomply wirh and ab~de by th~3 tovenant, w any par? h~~reof, said MGRTGAGEE may p~ace a:~o
pay for such ins~rance or any part thereoi w~thout waiving oi aifecting any op~ion, tien, equ:ty, or right ~nder or by vutue o~ this h5ongage, and ~he
+~il anwum of each a~d every svch paymero shall be immediately due and payable and shalt bear interest fiom tha date thereof uroil p~id at the rate of
ne per cen~um pe~ annv~n and to~ether w~fh such inrere:t shait be srcu~ed by the lien of this moregage.
d. To permit, commit or suffer no waste, impairment or detar~orafion of said prope~ty o~ any part thereof.
S. To pay all a~d s~~gular the costs, charges and expenses, including a reasonable astorney's fee and costs of abstracts of t~tle, in~uned or pa~d at
..ny time by sa~d MORTGAGEE, because or in the event of fhe iaiiure on the part of the said MORTGAGOR to duly, promptly and f~Iiy perform, d~scnarge.
_.ecute, eifect, comp:ete, comply w~th and ab:de by each and every tl~e st~pu~ar~ons, agrerments, conditio~s, and covenants oF sa~d pro:n~zsory note and th;s
~,orrgage any or enher, and sa:d cos~s, charges and expenses, each and every, shail be immediately due and payabfe; whether w not there be not~ce ds
r•~end, attempt to collett or suit pend~ng; and.the full amouN of each and e~ery such paymem shall bear imerast From the date thereot until pa~d at the
~e of nine per centum prr annurn; ond all said cosis, chaiges and exp~nses ~ncurred or paid, together wah wch ~nterest, shall be secured by the i~en of th~s
mortgage.
6. That (a) in the event of any breach of this Mwtgage or default on the part oi the MORTGAGOR, or ;b) in the event any of sa:d sums of money
herein referred to be not pranptly and futly paid within th,rty (30) days nex~ after the same severa!ty Eecome due and payable, wi~hou~ demand or nouce,
x~q in thr event exh and eve~y the stiputations, agreements, cond~tions and covenanu of sa.d promissory nota and th:s mortgage any or eirher are not
~„•;y, promptly a~d fully performed, dlschargcd, ezecuted,- effeved, cornpteted, compi~ed with and ab~dad 5y, the~ in e~ther or any such event the sa~d ag
~•~~gate sum menuoned in sa~d promissory nore then remaining unpa~d, with inrerest accrued, and ail moneys secured hereoy, shatl beceme dve and pay-
e~.e iorthwifh, or thereafte~, ai rhe option of said MORiGAGEE, as fully and compieuly as if all of the sald wms of mcney were ongmatly sr~pu~ated
~ be pa:d on such day, a~ything ~n sa:d promissory note or in this Mortgage to the contrary notwi~hsta~d~ng; and the~eupun or thereafte~ at the opt~on of
s- d MORTGAGEE, w~thout nonce er demand, suit at law o? in equity, therefore or thereafrer begun, may be prosecuted as if all moneys sec~red hereby
' ~ .._....a~ ~,.a,nf t~ ~~S in3t~!i~!,nn. ~
•x 7.rThat in the event that at the beginninq of or at any time pending any suit upon th~s Mortgage, or 1o foreclose it, or to reform it, or to enforce
~_iyment of any daims he~eundrr, said MORTGAGEE shai; apply to the Court having ~~nsd.tt~on thereof for the appo~mment of a Receiver, such Covrt shoH
icr~hwith appo~M a receiver of sa~d mortgaged property a!I and singular, indud,ng a~! and singular the income, prohts, iswes ar.d reven~es Irom whatever
s~ ~•ce derived, each and every of wh~ch, it be~ng expressty undersrood, is hereby morrgaged as if speufically ~et io~th and described in the g~aro~ng and
h,bendum r.a~ses hereof, and such Receiver shaU have aR the braad and eifeaive funa~ors and powers in anyw~se entrusted by a Cwrt to a Receiver, and
s_:h appointment shall be made by such Couit as an admitted equ~ty and a ma~ter of absol~te r~9ht to said MORIGAGEE, and without ~eferente to the
r,i~quacy or inadrquacy of the val~e o~ the prope~ty mo~tgaged or to the so~ve~q or ~nsoivency o1 satd MORTGAGOR or the de#endants, and that such
=•,~s, profits, income, issues and rcvenues shall be appiied by such Rece~ver accord~ng ~o the lien or equiry of said MORTGAGEE a~id the pract~ce of such
Court.
8. To duty, promptly and fully perform, d~scharge, execute, effect, comptete, comply w~~h and abide by each and every the stiputations, agreements,
;~n-,'.[;i;,rs and c~venants in sard prernessory re?e and ~his mortgag? se+ fonh.
9_ That in the event the ownership of the mortgaged premises, o~ any par: thereof, becomes vested in a pe~son other than the MORTGAGOR, the
: ~RTGAGEE, its successors and asvgns, may, w~thout nofice to the MORTGAOR. deal with w.h successor w wccessor ~n interest wiih reference to this
,~+gage and rhe drbt hereby secured in the same manner as with Mortgagor w~thout in a~y way vit:ating o~ d~scharg~ng the Mortgagori tiabil~ty here- -
;•~er or upo~ the debt hereby secured. No sa'e of the premises hereby mortgaged and no fo~bearance on the part of the IdORTGAGfE or its successors
ass~gns and no eatens;on oi the time fo+ the payment of the debt hereb~ secured given by the MORTGAGEf o. its succesaws or ass~gns, a~~all operare
o re+ease, d:scharge, modify change or affect the original liab:~~ty of the MORTGAGOR herein, either in whole or in part.
10. It is spec~ficatty agreed that t+:ne is of the esser-ce of th~s contracr and that no waiver of any obl~ga~~on hereunder or of the obtigation sr
~,•ed hereby shat~ at any tirne thereatter be he:d to be a wawer ot the terms hereof or oi tne ir.strvment secured 'neroy.
11. In add~t~oi to the fcregc n9 month!y payments of prir.~ pat and inrerest requ~red by the prom sscry no'e secured he.eb~, mortgagor covenams
d agr_es to pey ro m.ortgagee v.~:h each n,en±h~y paymem zn adJ~+~onal sum er. ;~~ated by mortgagee to be equaf to 1, 12 of the anrwal cost of the folio+v-
A-Ali real property taxas Iev~ed or assessed ag3i•~st thc a6ove desaibcd real esta!e.
6-Prem~ums on fire and windsto:m insurance as nere~n requ:red ro E~ ca~r~ed on the ~mprovements situate on the above d:su~bed premises.
i
C-Premi~ms on such mortgjge 9uaranty ir.surar ce as mo~tgagee shall frc.T t•me to t~me deem fit to carry on the ioan secured hereby.
' Mortgagee s~+ail from ti:ne to t~me no~~fy mC~t•^yagCr ~n writ~ng of fhe amo:,nt due and payable hereund~r and wch sum shall iFerc~pon be due and
E ..=~!e o~ the due da~e of th> next month:; payment and each svccess~ve month ehcreafr:r urnii mcrtgagee shall nonfy mortgagor of a change in such
! ~~;nt. Such su~ns shail be app~ied by mor+gagee toward rhe payment of real property ta:es, insurante prem.ums, and mortgage guaraMy insurance
~
, . r~.~~ms.
14 \'JITPJES$ +:HEREOF, the said MORTGAGOR has hereunto set his hand and seal rhe day and year first aforezald.
` ~ Signed, Sealed and~eliverec~, in the presente of: _
t ~ / _~i'_ %~ll » _ ~ J1 L ~~Cc - (Seaq
~ •
t , - Aaron Mullins cseaq
€ :~~L. (R,u.~ t,iy f•n.ly ~ `l~l.v.' (Seal)
; , Ibnnie Lee
'ullins ~seaq
~ _ _
~
~':.IE OF FLORIDA
- St . l.ucie ~
~ ~~UNTY OF ~
~ Befwe me personally appeared ~=on Mullins and
~ Uonnie Lee Mullins his wi~e, to me well known and knov~n to me to be
~ ~ ~nd~v~duals described in and who e:ecuted the fwegoing instrument, and ack~owtedged before me that they executed the same for the purposes
r~=•e~n expressed. And the said ~Trtie Lee r~U111J1S
r- of the said Aaron Mullins upon a separate and private
~ •~m~narion by me taken separate and apart from her sa~d husband, acknowledged to and before me that she executed said instrument•fresly, ind volun-
F~; y and v.~thout any cornpulsion, constraint, apprehe~s;on, or fear of or from her sai husband.
ry WITNESS my hand and offfuaf seal this n~i day of ~ Decemb Z •q_ p, a972
~ ~ ~ ~ \ C; .
-1-+-- ~ - - -
~ No}ary Pub!ic in and ior 14~e Sta flp~da lar
° My Commission eapires: ' ' ~ :
Rerurn To: ~ ~ 1 ~ L ~ =
~ v _
- First Federal Savings 3 Loan Associat,on - ~ = ~ ' ~ J . % 7 ~ '
Of F~rt P erce.
1 •C~.
fott Pu.rce. Fi~ri;~a ~ ~
C' .
- •r.
Th~s Instrument Prepared By Dennis F. Holerger :~~E ~~~T~~
k,~ rirst Federal Savings & Loan Association ~~fz ~~,~a~s
`y of Fort Pierce , Rlor ida P.fCOP.U V~
f.>s
tE' ~~UR
Checked By
~r~- - E~~K~V7 Y,1GF~~~ ~ ~ 31 ~ ~71
~;1 24453~
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