HomeMy WebLinkAbout4842 3. Ta p;~te sad co :rS;;;;e~;!~ keep e~ rhe h~~~'~i;,,r~s •,ow or herea{rer i~wate on sa~d Iand and on aG eq„i~~nent and prr~ona~~y covered by this mortg-
sge, with all prenuv~ns the~eon pad ~n f~ll, f~re ins~~ante in ~ha usual stan~ard poGCy form, in a sum a~,pr~vrd bY ihe MVK~'v.+l~:[, and wm~ia~u~n~
~~suronce in ~he usual uanda~d po;.cy fo~m, in a sum approvrd by tht MORiGAGEE, in such coa~~,a~y or co:npan~es as thQ MORiGAGEE may
duect; and all fire and w~ndstorm insurance poGc~es on any of sa~d bu:td~~gi, any in~e~est ~herein or part th~:ao(, in the a~9rrga~e su~n aioresa~d or
in excess thereof, shall con~ein ~he ~sual sranda~d morrgagre c+ause o~ such oiher clause aa Ihe Moregagee may rrqu:rQ, mak~nq tne eoss undri s~:d poli.
cies, eacA and every, parabie ro sa;d h\JRTGAGEE as ~u ~merest ~nay appear, and each and eve~y wch Fw:.cy sh~ll be p~on,Ni~y ass g~~ed a~td dei~vrred ~o
•ny held by aaid MORIGAGEE as iur~her sec~n~y ro sa~d n:ortgaye debt, and, not :ess than ten (10) days in ad.ente of ~he expirat~on of rach pol~cy, to de-
fiver to said MOR~GAGfE a renewal ther~of, to.~erhar witA a recr~pt tor the premium of such ~enewol; a~~d ~here aha:l be no f,re o~ w~~~duo~m inwrance
placed o~ any of said bui:d~ngs, any interest there~n w part Ihereof, un;ess in the form and with the ~oss payat~le as aforesaid; and in the eve~t any sum
of mo~ey becomes payabte undrr such policy or pol~cies said MORTGAGEE ahait have ihe op~~on to recrive and app!y the same on accounr oF the indron:d-
ness setwed hereby a to perm~t said MORTGAGORS to recrive and u~e it a a~~y part thereoi icr o:i,•~r ~,w,.oers, ...i~~~~t ih o~ ~~~.p,~r-
:c;g a:~y cya;:~, t:cr: ~c - _-~:r .ti_. _ o. >n./ :o r1,. n....~~ ~a~
:y.`•t ~j - ••~~1_ d MORTGAGORS shall fo~ any reason fai~ to kcep the sa~d premis~s so
insured, or fail to deG~er prompUy any oF •sa~d poi~cies oF insu~ance to sa:d MORTGAGEE, or fa11 promptfy to pay fu~ty any prem:um therat~,r or ~n a~y
rospect fait to perform, d~scharge, eY~~cuta, effect, completa, co:~~ply wiih and ab~de by this covenant, o~ any part hareof, sa~d MuRTGAGEE may p~aca a~~o
pay for such insurance or any part thereof w~thout waiving o? affecting any optiun, i~en, equ~ty, or nght under or by v+rtue of shis Atortgage, and the
full amovnt of each and e~ery such payment shall be ~mmed~ately due and payable and shall bear intere:t from tha date the~eof unt~l pa~d at the rste of
nine per cent~m per ann~m a~~d to~~ihcr v~irh a~ch inter~st shali be sccured by the lien oi th~s mortgage.
To permit, commit or sutfer no waste, impairment or detariorat~on of said propeny or a~y part /hereof.
S. To pay ali and singular rhe costs, charges and expe~ses, ~nclud~ng a reasa~able attorney's fee and costs of abstrrps of t~f;e, incurred or paid at
any ti~ne by said MORiGAG:E, because or in the event of the fa:iure on ~he part of Ihe said MORTGAGOR to duly, pro•uptly aad fully perfurm, d~scharge,
~xecute, efied, to~np!ete, comply w~th and ab;de by each and every the stipu~anons, agreements, co~dit~ons. and covenanrs of sa~d p~om~ssory note and thi~
mortgage any or enhe~, and sa:d costs, charges and eapenses, each and every, shall be immed~atety due and payab:e; whe~her ar not ~here be not~ce da
mand, attempt to cotlect w wit pend~ng; and tAe fuil amount oi each end n~r~y s~ch yayment Sf1~I f3~d! i^tcres~ !r~ !he date ~?+e~POi unt~l paid at Ihe
r,..re of nine per crnsu~n per annu:n; a~u aiI sa~d costs, ct~a:grs and expenses incu~red or paid, togather wah such ir.tertst, shall be secured by the Gen of th~s '
martgage.
6. That (a) in the eve~t of any breach of ~h~s Mortgage or defa~~t on the part of the MORTGAGOR, or ;b) in the event any of sa:d sums of money
herein referred to be oot pro~np~ly and futly paid withi~ ~haty (30; days nea+ aiter rhe san,e severa'ty trecome dve and payable, wiihout demand or no~ice,
or (c) in the evem each and every the stipuia~~ons, agreements, cond~no•~s and covenann of sa.d premissory nore a~~d thn mortgage any or either are not
~uly, pranptly and f~fly ~rfor~ned, d~scharg~~d, exec~R~d, effected. completed, com;,J~ed w~~h and ai:~dzd h~, then in e~~her w any such event the sa~d ag
gregate sum memioned in said pro:n+ssory note rhan rerna~ning unpa~d, with interes~ acuued, and ail moneys setured hereoy, shall become due and pay
eble forthwith, or therea4ter, at the option of se~d h10RTGAGEE, as fully anc! compie~ely as if all oF the sa.d wms of money were or~ginatly stipu:ated
ro be pa~d on such day, a~ythinq in sa.d prom:ssory note or in this Mortgage ro the conrrary no~,v~rhsta~~d.ny; a:,d thereupon or thereafter a~ the opt~o~ of
iaid MORiGAGEE, w~tf~out noKce or demar~d, su~t at 1aw w in equ~~y, therefore or the:e.~f~er beg~n, may be prosewted as if all moneys secured hereby
had matured pnw to ds instit~t~on.
7. That in the event that at tne beg±nn~ng of or at any t~mt pendi~g any w~t ~pon this Mortgage, or to for~lose +t, or !o reform it, or to enforce
Faymem of any claims hereu~der. said fd~RTGr+GEE snall apply to the tour~ havii:g ~urisd:ction therEOf for the appo~ntmem of a Receiver, zuth Coun shail
(onhwith appo~nt a receiver o( s;;d mortgaged property ali and s~ngular, inci~d.ng aI1 and s~nq~iar ~he income, prot~ts, nsues ar.d revenues from wh~lrvar
s~ur~e derived. each and every o.` wh:ch, n be;ng expre~ss!y vhdersrood; n F.ereby mortgaged as ~f spec~f~ca~ly set forth and deur~brd in the granting and
habendum clauses hereof, and wch Recei~er shail have a~l fne broad and effecr~~e funct.ons artd powers in anyw~sc emr~sted by a Court to a Rec~~~er, and
s,.ch appointment shjll be made by svch tourt as an ad•ni:trd equity and a matter of a6so~ure ngh~ to sa~v MORTGAGEE, and wahou? ~eference to the
adequacy w inadeqvacy of the va'ue of the p:oprrty mortgaged or to the so,vency or ~nsolvency of said MORiGAGOR er the defendants, and that svch
r~nu, proiits, income, issves and revenues shaii be app;~ed oy such Rece~ve~ accoidr.g to the i~en or equity oi sa~d ti10RTGAGEE and the practice of such
Court.
8. To duly, promptly and fully perform, d~scha~ge, exe;ute, e;fect, complete, comply with and abide by eath and every the st~pu~ations, agree~nents,
conditions and covenants in said promissory note and th~s mcrtgage set forth.
9. That in the event the owne~sh~p of the mortgaged prem~ses, or any part thereof, Eecomes vested in a person other than the MORTGAGOR, ihe
ti'ORTGAGEE, its succe:sors and ass~gns, may, wi+ho~r nuixe to the .ti10RTGAOR, deal with such successo~ or wccessor in interest w~~h reterence to this
morrgage and fhe dwbt hereby sewred in the same manncr as w„h l.!or~gago~ w~~hout in any way ~it:ating or d+scha.g~ng the fdor.gagors' liab~lity herr
ur.der or upon the deb~ h~reby sec~~red. No saie ot the prem~ses he~eby mortgaged and no forbearance on the part ei the /AORiGAGfE or its successors
or assigns ard r.o extens~on of the t~me for the paymem of the debt hercby secured glven by the MORiGAGEE oz its wccessors or ass:gns, at:all operate
-
d::cti°•^° ~**~ti?~f; ~h~~~o ~r afl..!* :h* ~r:n:na! tia6:f~v of rhe MORTGAGOR here~n, either in whole or in part.
10. It is speufically ag.eed that t'une is of the essence of thf; contract and that no waiver of any obt~gar~on hereunder or of !he obligation s~
cured hereby shali at any time rhereafter be hei~ to be a wa~.er of tne terms hereol or of the ins~r~ment secured herby.
11. In acid tkc~ to tiie forego nry ~nenth':y payn~~nrs of pri:~c pa~ and ir.trrest requ~red by ihe prom:ssory nore secured hereb~, mortgagor covenants
' 3~~d agrees to pay to rt:o-tgag~e v,(th each rtron~h:y pa~,.:er,t an add,~~onal sum ~s' e:a~ed by mortgagee to be equai to i, iZ of fiie ann~ai cost oi ri~e io+iow-
3:
A-Ail rea! crope~ry taxes ~cv~,d or as:~ss•_ti ag~i~.st th~ aoove dcx~~~:d real estate. •
! B--Pr;:n.lu~:~s on f~re and ~1~r,ds~w~n ~nsvr,~• ce es feer~~;n req~ red to be ca~r~ed c~- the :mprovemevs srtvate on the above d~sc~~bed premi:es.
~ C-Pre:r~urns on wch mortg,ge gua•anty :r.s~ra•.ce as ~norr~agee shait fro:~: i~me to t~~ne deem fit to carry on ine loan sewred hereby.
Mortgagee shai! from ti~r.e to time :sct~i, :~-crtyagcr ~n wrir;ng of the amounf d~e and payab!e he~eundrr ar,d such w:n sha!; thereupon be due a~d
~_3yable on the due da+e of th, nrxt n:onth:~ pay:r.~-nt and each wccessive month thereaftv~ ~r.til mertgagee shalt no!:fy mortgagor of a change in such
' a•~~ounl. Such su:ns sha ~ be apF.'ird by mort~ag•~e tov:a~d tne Fayrnent of r~al property ta:es, insvrance pre~t;.ums, a,~d mortyage guaranty insurance
! p*emiumi.
IN ~VlTNESS '+':HEREOF, the ia~d h50RTGAGOR h~s hereunto set h~s ha„d and seal the day and year f~nt aforesaid.
~ Signed, $ealed and de ' ~ed in e presence ~f; ) . . ~
GC-L~'t.Z~,,l ~'acvt•1~u~ ,/`~1t~.~% f5ea!)
- Bd-~~rI-II
BirihE'
'"~Stead ~~,q
' ~ i
:_c~`. f _ ty n 1 . ' ~ ~~e~ (Seal)
' Helen M. Stead ~~a,~
~
~ S i ATE OF fLORIDA ~
` COJNTY OF St . L11C1Q _ ~ ~
Before me pe~sonaliy appeared _~C3N11A Binney Stead e~d
, Helen M. StQBC~ h~s wife, to me well know~ and known to mq to be
the individuals described in aad who execured rhe foregoiag instrument, snd ecknowledged before me that they executed the same fOr tl~,-purposes
rhe~ein expiessed. And rhe sd;d Helen M. $tQ2~(~ '
i ~„ife of the said E(~11111 BlTll7ey? $tQa(~ ~
~D i~~~~le: 80d Qtiv~te
; exam~nat~on by me taken separate and apart from her said husband, acknowledged to and before me that she executed said . ti.fi~
~,4~
~ ~ ~ . R~T~~`1!q~un-
, ranty and w:thour any co~pu,sron, cons+raint, apprehen~ ~ o~ ~ear of or fr~rn her said husband. .
^ DQCeID Z ~ ~
? W1TNE55 my hand ar,d offic;al seal ih~s_ day of q~.p,~
y ft~ : ~ ' '~L' J : c~ _ .
~ jNotary Pub~ic in d for .the.S ;of ~1ori at r~e O-
My Comm~ssion expires•.' 4 ; ~
Return 70: ~ ~ :
v
First Federal $avings 3 Loan Assxiat~on , ~ C'
Of Fcrt P . ~ c.• .s ~t" ^ • t'
Fort P,._..~, F~cr;:;, , ~ _
-:r _7 1+,
FILEO AMO RECOR~E~
ST. LUCI~ C~UMTY F~A.
This Instrument Prepared By D.F . HoleYger RO ~ POITP.AS <<~
First Federai Savin s~ loan Assoc+ation CIERK~IfiCUfT COURT
9 RECORD YER!FIEO~
of Fort Pierce , Florida
Checked By ~ ~ ~ ~a
;~:•~'~~:iJ BooK~ ~c.=~~
dz
_ ~
~ .~r_._:. ~ ~ _ u 1