HomeMy WebLinkAbout4661 J. To piate and continuously keep on the bui:d~~~gs now or herrafter s~~~3te on sa~d !and and on al; eq.,~~::~~ent and peno~~aily co.'~'ied by ~h~s mortg•
sgs, w~~h a11 przn~iums thereon pa~d in full, f re ir,surar,ce me us~ai sric:dard po.~cy form, in a s~m ap;~ru+ed by th_ AtOk«, :GEE, ar.d w~~~Jstoun
insuronce in the usual s~andard po:~cy fo~~n, in a sum approved by the h10RTGAGEE, in such co:npany or to~»pan.es as the AlORIGAGEE may
diretl; a~d all iire ar,d w~ndstorm insurance policics on any of sa~d build.ngs, any iMeres~ therein or pa~/ thereof, in the aggrrgate sum aforesaid or
in excess thereof, shall ,on~ain ~he usual sta~:dard n,o:tgagae cause or such o~her ci,~use as the Mu~~yayee may ~ry..:re, m~ak~~g ~he ~ois ~~~drr s~:d poii-
cies, each and e~e~y, pay~ble to said A10RTGAGEE as ~ts interest may appear, a~~d each and evrry wch po,.c~ sba~l be prompt~y ase g~~cd a~~d dei,Yrr~-o to
sny hrld by sa~d 6~ORIGAGEE aa fur~he~ security ro s~id n~w~g.+ge d<bt, and, not !ess than ten (10) d3ys in ad.a~~ce of ~hr exp~ranon of each pol~cy, ro da-
liver to said h10RTGAGEE a renrwat thereof, to9eiher wnh a ~ece~pt for ~he p~e~nium o( such rene+~a~; and ~hc~e shail be no f,re or :dsw•m ins.,rance
placed on any of said build~ngs, any ime~est there~n w part thereof, unless ~n the fo~m and wnh the toss payabte as aforesaid; a~~d in the eyent any svm
of money becanes payable undrr such poGcy or poGcias said MORTGAGEE s~.:ll have the ops:on to rrceive .;n~ app:y the san,e on ac:ov~v of the ~nd~bt~•d-
neas secured heieby w?o perm~~ sa~d MORTGAGORS ro recrive and ~se it a any part th~•reof to~ o:~~••r Hu~; ::s~s. ..:+~~c_! ih,•,:,, c~ ~•:.p..~•-
inp any equ~ty, lien or right under w by virtue of this mo^gage; and in the event sa:d h10e~TGAGORS sha!I ior any rrason fa~l to keep the sa~d prem~s ~s so
insured. or fail to de~iver promptly any ot sa~d po6cies ot ~nwrance to sa~d MOkTGAGEE, o~ ia~i prompuy to Ney iu;~y d~~Y ~,~r~~~~~•~ti :<<r~~~r Ur it: ~::y
rospect fail ~o perform, dscharge, execure, eifect, ca~p~ete, comply with and ab~de by ih~s mvenant, or any p.a~f h.reof, seid MIiR?GAGEE may p~ace a~~o
pay for such insurance or any part Ihereof w~thou~ waiving o? afiecting any option, lien, equ:ty, o? righi undei or by v~r~ue of fhis Mo+tgage. and ~hc '
a~~~c:,zt of each a.:~ ~~e:y s~:h ~a,rr:~nt shs!! Ec :....-:e~:;~ely d;:e a^d payab!e a~d stir~~ hP~. I.,~P~E~si irom ih3 dare th~reoi unsJ pa~d ai ~he rafe o~
nme per tentum per annu:n and to~ethr~ with svth inter~st sfial~ be srwred by Ihe lie~ of this mortgage. '
To permit, tommit o~ suffer no waste, impairment cx deteriorat~on of sa~d property or any part the~eof.
5. To pay all and s~ngufar the costs, cherges and expenses, ~~cluding a reasonab!e attorney's fee and costs of abstracts of tir(e, incurred o~ pa~d at
any time by sa~d MORTGAG:E, because or in the eaero of the fe~iure on ~he part of ihr sa~d MORTGAGOR rc duly, pro:~~ptly ar.d f~lly perfor~n, d:siherge
axecute, effect, compiete, compty wuh and ab de by each and every the stiPu~anons, ag~eemenrs: condinons, and co.enanrs oi sa~d pro:n~ssory note and th~s
mortgage any or ei~her, and sa,d costs, char9es and expenses, each and every, shall be immrd~ately due and payab!e; whether o~ nof ~hrre be ne+~ce d~
mand, attempt to coGect o~ suit pend~ng; and the full amount of each and every wch paymrn~ sha~l bea. inrere:t from the date thereol until paid at ~he
r,re of nine prr c~nt~m per am~urn; a~d ait sa~d custs, charges and expenses ~rxurred w paid, toyether weh auch interest, shaf! be sewred by the lian of th,i
mortgage.
6. That (a) in ?he eveM of any breach of this Alortgage or default on tfie part of the MORTGAGOR, or ~b) in the eveN any of se:d sums of money
herein referred to be no~ pranptly and iully paid w~fhin th,rry l30) days nex~ aieer the same severa:!y become due and payab'e, wnhour demand or noiice,
or (cj in the event each and every the stipu:atrons, agreements, conditlons and covenants of sa.d prcm~ssory no~e and th~a mortgage any or e~ther are not
~~Iy, prompNy and fully performed, d~scfiarged. executed, effected. comp~eted, compi~ed wifh and ablded `ay, then in e,ther or any such evem thr sa~d ag-
gregate sum mentioned in sa~d promissory nore thrn remaining unpa~d, with in~erest acuued, and aii monrys secvred hereby, sha;! become due and pay- -
eble forlhwith, o~ thereafter, at the opnon ol sa~d MORTGAGEE, as futly and compietely as if a11 oi the sa~d sums of money were or~gma~ty st~pu,ated
ro be pa[d o~ such day, anything in sa.d pro:n~ssory note or in this Mortgagr to the conrrary not.vitfistanding; and ~hereupon or thereafte~ a~ the op~~o~ of
said MORTGAGEE, w~thout not~ce or demand, suit at law or in eqwty, thereiore or thereai~er bcgun, may be prusecuted as if ali muneya srwred hrreb~
nad maWred pnw to its inshtution.
7. That in the event that at the beginn~ng of or at any t~me pending any su~t upon this Mortgage, w to foreclose it, or to reform it, or to enforce
payment of any claims hereunder, sa~d Mt~RTGAGEE shaN apply to the Court having ~ur,sd:a~on fhcreot 1or the appomtment of a Rece~ver, such Co~rt shaii
forthwith appoint a ~ece~ver of said mortgaged property all ard singular, includ~ng a+l and s~ngular the ~~come, profns, issues and reverues from what~ver
seurce derived, each and every of whkh, it being express~y understood, is hereby moi~9aged as ~f spec~~ically set forfh and destribrd in the granring and
habendum dauses hereof, and such Receirer sha11 have all the broad and ef(ecf~ve f~nct,ons and powers in anyw~se enerusted by a Cowt to a Recriver, a~~d
s~ch appointment shall be made by s~ch Court as an ad~nitted equSty and a matter of absotute right fo said MORiGAGEE, artd without reference to the
adcr~uacy or inadeqvacy of the value of the p~ope~ty mongaged or to the savency o~ ~nsoivency of sa~d MORTGAGOR or the defenc3ants, and ~hat s~ch
renrs, profits, income, issues and revenues shad be app;ied by such Receiver accord~ng to the Gen or equity of sa~d M~RTGAGEE and the practice of such
Court.
8. To duly, promptly and f~lly perform, d~scharge, execute, effect, compfete, compfy wilh and abide by each and every the stipuiations, agreements,
con~it~ons and covenams ~n sa~d promissory nose and th~s mortgage set fo~th.
9. That in the even? the ownership of the mortgaged premises, or any part thcreof, becomes vested in a person other than the MOR7GAGOR, the
:'.ORTGAGEE, irs successors and assgns, may, w~~hout notice to the YORTGtiOR, dea! w~th s~ch successor or wccessor ~n interest with refere~ce to ~h~s
n ortgage and the debt hereby secured in the same manner as w~th 111ortgagor ve•~thout in a~y way vet:ating or d~scharging the hlortgago~s' liability here-
~nder or upo~ the debt hereby sec~red. No sale of the prerTUSes hereby mortgaged and n0 lorbeara~ce on the part oi the /AORTGAGEE or its wccessors
cr assigns and no exre~sion of ~he ~ime for the payment of the drbt he~eby secured given by the MORTGl+GEE or Its successors or ass:gns, ~~ialt operate
ro release, d:scharge, mod~fy change or affect the orig~nai liab:lny of ~he MORTGAGOR here~n, either in whoie or in part.
10. It is speufically agreed that time is of the essence of this contracr ead thal no waiver of any obl~ga~:on hereunder or of the obligation se-
.ured hereby shali at any time thereafter ne he:d to be a waiver of the terms hereof or of the ins~rumem secured he~by.
11. In add~tio~ to the forego'ng month'y payments of princ pal and interest requ~red by the prom's>cry no!e sec~red he~eb~, mortga3or tovenants
a^d agrees to pay to m.ortgagee v~~th each r.~onthiy payi,:eM an add ~~onal wm es~ n,ared b~ mo+tgagee to be eyval to 1; 12 of ~lie an:~ual cost of the foliow-
'
A-All reat property taars Icvi~d or assesscd agai~~a~ Thc above desv~bcd rea~ esrate.
B- Prem~ums On {ire and windstor~r. insuracce as herein requ~red to be ta:ried en the ~mproveme~ts s t~ate on thr above described premises.
C-Prem~ur.+s o~ s~ch mortg;~e gua•anty icwra~,ce as morrgagee shail from f ine To !~me deem fif to carry on the loan secured hereby.
Mortgagee sh,il from t~~r.e fo tcne no?~fy mortgagcr m w~iting of the ar-:o:;nt d~~ and payable hereundrr and such sun: shail tharevpon be due and
I! :~y~ble on the due dete of rhe crxt mo^th:y payment and each wccessive month thereafter uari! mortgagee sha!~ nct~fy ~~,ortgaao: of a change in svch
~ e.ouni. Such sums sfa~f be appfied by mottgagee lo.vard tiie payment of real preperty taxes, insurancr prem.ums, and mortgage g~aranty insuran[e
i :.~•emiums. _
~ IN WITNE55 rIHEREOF, tne said MORTGAGOR has hereunto se! hiz hand and seai the day an ar first aforesa~d.
:
~ Signed, $ealed a~d detive d in the presence of: /
/ (Seal)
~ l ~ (Seal)
~ l -fCl -tt J z~~ (Seal)
- - ~ (Seap
~ S'ATE OF FLORIDA ~
~ St. Lucie ~ u• _
~ ~OUNTY OF - 1
~ Before me personally appeared Robert Ci~ Ritten
and
~ Georgia R1tteI1 his wife, to me well known and known to me to be
~ the indivlduals descr~bed in and who executed the foregoing instrumem, and acknowiedged before me that they eaecuted the same for the purposes
~ iF.=~ein expressed. And the said G~rgia Ritten
Robert G. Ritten
~ N:fe of the said - upon a separate and private
~ e,am~nation by me taken separate and apart from her sa~d husband, acknowledged to and be?ore me that she ezecuted said instr~ment freely and votun-
~.i ta•;;y and w~thout any compu!sion, constraint, appre,hens o, or fear of or f her said husband.
~ WITNE55 my hand and offic~al seal tkL ~ _ day of ~Cea~ ~ A. D. 19 72
~ : , t'~ * ~ j/ -
i'--f~
/ Notary Publ~c in a~d for the Sta of Florid 1~ Large
lviy C6mrniaiiOn enpilES: a, - .
tti,
' Return To: .y
~ ^ A ( ~`t 'RtDTAH1~pUB.titi'' S~:'SjEg"T10KlDA at UlR6E
~i Fint Federal Savings 3 loan Associat:on .=i* T
- MY C0~'M,~ ~.£X?i#CS DEC:.29, I915
Of Fo~t P.~:ce.
Bonacd Ttt~u ~ ntr~f 1~lrr~p~ ~~Re~1.
~Vi FO.t Pi.,.cc'. F:ur~cj) .Z. . .y '7
~Y ~ ~eo +?No ~EOTY 9~~. . _ ~ - =
{ uci~ covN - • = ~ = -
:ti~ i ~ ~OGER ~OtTAA: T ~ ~ ; ;s ~ ~ ~ ~ ;
:
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~ Afl P,GUIT CQU~ ~
This Instrument Pre ared B C~~ ~ - ~ • :'4`'
P Y John W. Collins ~ECORO yE1~1?IED.~L .,,,,...-••'~4.
First Federal Savings & Loan Association q ~"~~T,~3 t'' :
of Fort Pierce ~ 29 5 t~ ~N ~ f t ,,.~t~~•:`.
- , Flozida
~s, Checked By
~
~'w - JS
BGUr iGU~ F,~~[ 1~~~
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