HomeMy WebLinkAbout4848 3. To place and conlinuousiy keep on the bui'dmgs now or hereafrer s~tuate on sa~d land and on al~ eq~ipme~l and perso~ally cove~ed by li,~t mortg•
age, with all premivma thereon pa d m f~ii, Gre ins~rance ~n ~hr usuat uardard pot~cy form, in a wm apyro~ad bv rha h10R~GAGFE, and w~:~ds~onn
lnsurancs in the usval stjndard pot:q (orm, in s sum approved by rhe MORi(',AGEE, in such company or compan:es as ihe htiG2TGAGEE may
direct; and all iire and w~ndsrorm insuranca polici~s on a~; ;,4 v!_•~~d:ngs, any interest the~ein or parl ~hareof, ;n the aggregafe sum afo.esaid or
in excess th?reo/, shatl :onrain rhe usua~ sra«dard morrgagra c~ause w su:A o~hcr clause as the Morryagee may requ:re, mol.~ng ~he lcss undr+ sa~d po~a
cies, each and avery, payab;e 1o said A10ltTGAGEE as ita in~eres~ may aNpear, and each and every such ~:~cy ahalt be p~ompuy ass gn~d o~~d dr~i~.ered ~o
any held by said h10RfGAGEE as (urther security to said mcr~gage debt, and, nor !ess than ten (10) days in adrance of the eap~~ot~on of each poi:ty, to dr
Gve~ to said MORTGAGEE a rene~nal the~eof, toge~he? with a rece~pt for ~he prem~um of such renewal; and thrre sh=€t be ~o i.re o~ v~,~nds~o~~n inwrance
pleted on ~~y of said buildings, any interest therein a par~ therrof, unlzss in the iorm and with the lois payab~e as afcresaid; a~d in rhp event any s~m
of money becomes payable undrr wch policy a po)~cies sa;d Ir10RiGAGEE shall have tAe opt~on to rece~ve and apNly the san,e o~ aaount of the i~~d~b+ed-
ness secured hereby or ro perm~t s~;d MORTGAGORS to receiv~ and use i~ w any parr tt~e:eol tor oin~r pu.;~os~•s, .:~~h,;,,t ih .r.:~.: o~ ,p..~~-
in9 any equity, I;en or right under w by vi~tue of this mo^gage; and in the event sa d MOR7GAGpRS sha:l !or any reason fai! to kacp the sa~d prrm~s.:s so
~~w~ed, or fail to deliver promptly any of said pol;cies of insurance to sa:d MORTGAGEE, or fo~l prompfly to pay t~~ty a~y pre~nw~n th~refor or in a~y
respect fail fo pe~form, discharg•_., execute, effect, cornp!et~, comply with and abide by this covenan/, or any p3r1 hz~eof, se~d MURTvAGEE may piacr a~d
pay for such irtw~ante o~ any part the2of w~~hout waiving or aFfecting any opt;on, lien, eqv~ty, or righ+ under o~ b~ v~rtue of this hlortg~ge. and the
fvll amount of each and every such paymrN shall be lmmediately due and payable and sha11 bea. inrarest fran tha date thereof until po~d al the rate oi
nfne per centum per annum and to3rth~•r ticith s~cn ~nrrr~sr sh~i1 be srwred by~ the lien of th+s mo~tgage.
To permit, comn,it or suf(er no was~e, impa'~rment w dete~;oration ol said property or any part therrof.
5. To pay all and singular the costs, charges ar~d expe~~ses, including a reasonable ann.nev's fee and cos~s of abstrac~s of tifle, incurred or p;~d at
any time by sa~d MORTGAG:€, because p in the event of the fai~ure on ~he part of ihe said MORTGAGOR to duly, promptly and fu:~y prrfo~m, ducharge,
execute, etfect, tomplete, comply w~rh and ab:de by eaih and every the s?ipu!ar~ons, agreemenrs, condi»ons, and covenanrs of sa~d pro~~~ssory note and ~his
.~nortgage any or e~ther, a.d sa~d costs, charges and expenses, each and every, shall be immecl~ately due and ;._yah~a• whether or not there be nonce da
mand, attempl to collect or suit prnd~ng; and the ful! amoum of each and e~ery svch paymem shali bea. inrerest from rhe dare thereol un+i1 paid sl th~
r,~te of nine pe~ Centum per an~i~:n; aud a~l said costs, cnarges a~.d eaper.ses incurred or paid, togett~r w~th wch interest, ihall be secured by the I~en ol th~s
mortyage.
6. Tha1 (a) in the eve~t of any breach of tF~is Mortgage or defa~lt on the part of the 1M1ORTGAGOR, or ;b) in the event any o( sa:d svms of money
hereia refened to be not prompt~y artd fully paid wi~h~n thirty ~30) days ~+ext ain_r the same severa:ty become a~e and payab!e, wi~Fwui demand or nof~ce,
or (c} in the event each and every ihe stipu;at~ons, agreements, c~ndrtions and cuvenants of sa•d pron~issoty note a~~d th:s mor?gage any o~ e~~her are not
~uly, promptly and (ulty perform~d, d:scha~gcd, eaecutrd, effectrd, ca-npieted, comp5ed w;th and ab~ded 5y, then in e.ther w any such event the sa~d ag
gregale sum mentioned in sa~d prOm~ssory rwte then remaining unpaid, with intere,t actrued, and atl mpneys seNred hereby, shall beNme due and pdy-
abie forfhwith, or thereafter, at the opt~on of said MORTGAGEE, as fuffy and completefy as i( ait oi the sa~d s~ms of mor,ey were orig~na+!y :c•nulated
to be pald pn such day, anything in sa:d prom~ssory oote or in this Mwtgage to the to~itrary notwithstand~ng; and thare~pon w thereafter at the opnon of
sa~d MORiGAGEE, K'~1~1QUt ~ot~ce or demand, suit at law w in equity, therefore or ~hereafter begun, may be prosecvted as it all moneys secured hereby
nad matured pnor ro~rs instiwnon.
7. 7hat in fhe evenf that at the beglnning of or at any t~me pertding any s~it upon t?~is Mortgage, o~ to foreclose it, or to reform it, or to enforce
paymeM of any ciaims he•eunder, so~d h10RTGAGEE sha'I apply to the Co~~t having ~unsdlct~on thereof for the appomrmem of a Rece~ver, such Court shail
forthwirh appoi~t a receiver o( sa~d mortgaged proprrty aft and singutar, indud;ng a!1 a~~d s~nqu+a~ the iecome, p~of,ts, ,ssues and re~enues from wh,le~e~
so~•ce derived, each and every of wh~ch, it be~ng expressly understood, is h.ereby mor~~aged as if spec~fically set for~h and descnbed in the gran~;ng and
~abendum cla~ses hereof, and such Receiver shall have atl the broau end effecti.e fun~t~or.s and po.+ers in anyw~se entrusted by a Co~rt to a Recciver, and
s~ch appointme~v shall be made by such Court as an admitted eq~ity and a matter of abso(ute r~gh~ ro said MORTGAGEE, and withcut refcrence ~o the
adequacy or inadeq~aty of the va~ue of the property mwtgaged or to the so,vency or ~nsowency of said MORTGAGOR or t1.e defendants, a~d ~hat such
rems, protits, income, issues and revenues shall be appiied by such Recriver accord~+rg to the tien or equiry o! said MORTGAGEE and the prac~ice of such
CouA. '
8. To duty, promptly and fuf~y pe~form, d~scharge, execute, effect, compiete, comply w;th and abide by each and every the stlpuiatio~s, agree~nents,
conditions and covenants in said promissory note ar.d th~s mertgage set forth.
9. That in the event the ownership of the mortgaged premises, or arty parf thereof, becomes vesTed in a person o~her than the MORTGAGpR, the
S•,pRTGAGEE, its successor: ar.d assl~ns, may, without no~ice to the 110RiGAOR, deal w~~h such successor w a~ccessor ~n ~nterest wi~h refere~~ce to th~s
n.c~r9age and the d_bt hereby secured in the same manner as with ~Jortgagor w~thaut in any way vit;ating or d~scharg:ng the Mortgagors' ~iabitity here.
under w upon the debt nereby secured. No sa'e of the prem~ses hereby mortgaged ana no iortearance on the part oi ri~e ?dORTGi.GEE or its sutczssors
or assigns and no eztens:on of ihe time to~ the payment ot the debt h~reby sec~red given by the MORTGAGfE o. +ts s~ccessora ot ass:gns, a13a11 operate
to releasq d~scharge, mod~fy change or atfecr the o~ig~nal liab~i;ry of the NORiGAGOR heJein, either in whole or in pan.
10. It is spec~f;cally ag.eed rhat time is af th~ esserce of this con~ract and that no waiver of any obilgat~on hereunder or of the ob!igation se-
cured hereby shal: at any t~me ~hereafter bs hetd to be a wa~ver of the terms hereof or of the instrumem sec~r~ herby.
I1. In add t:e~ fo the forEgo ...or.'r.~y paym~~~s of pr~nc pal and i~,r~~rest requ~red by the prom sscry nc•e s~cu~rd hereb~, mortgagor ~~venants
and agrees ro pay to r:ortgagee v.~rh each ~rvnrhty payr::enf an add,~ional Slim esr r a±ed by mo~tgagee to be eq~al to 1 12 of rhe an:wa: cost of the foliow-
in3:
A-A~I rea: property taxas ievs_r'. or assessed aya;,st the above desvibed r~a~ estate.
B--Prem~ums on f;~e and wir.dstonn [nw~arce as ner~;,~ req~:red to be c~-r~~d o~~ the urp.ovemeots s:tvate on thc above desr.ihed premises.
C-Premi~ms on such n:orr~:;Qe g~3r3r~r~ ir.svra~ ct as ma~1~3y8@ shall frem r me fo tune dc~em f~~ ro carry on the loan sewred hereby,
Aitortgagee shaU from r~me to time nor~ty mortgagor ;n writing of the amoum d~e and payable hereundrr and such sum shail thereupon be due and
:.~yable on the d~e aate of the r.ext moo`h:y pa~~,~._nt and each successive rronth thereafi~r uctil mcrtgagee sha!f not:fy mortgagor of a change in suth
~.ount. Such svm.s sha.i be acf~:~ed by me~tgag.e iov.ard rhe payment of re al pr~perty tates, ins~ra~tce pram.ums, a~~d mortgaye guaranty insurance
n~emiums.
IN 1'~ITNESS WH:R~OF, the sa~d MORTGAGCR has hereu~to set h~s h3:~d and seal the da an
y ye~r first aforesaid,
~ Signed, $ea:ed and det~ed in pRe presence of: '
' , } L ZZL 1't'L `^i (Seal)
1
: ~
- (Seal)
r. ~ - (Seal)
- L CC L ,.c-l- ~
(Seal?
STATE OF F10RIDA t Marga tte Gill
~vUNTY OF SL . Luc ie 1
1
i Betore me persona~ly appeared ~ G111 _ and
' - Marqalette Gill his wile, to me wel! known and known to me fo be
! 'he indiv~duals described in and who exet~ted the foregoing instrument, and acknowledged before me that they eaecuted the same iw the purposes
the-ein expressed. And the sa~d- . _ 1Naryalette Gill
.~He of the sa~d ?i~V C G111 uppra ~i~ra%e ~nd~`~b~te .
examfnanon by me taRen sepa.ate and apart frem her said husband, acknowtedgec! to and be`ore me rhat she e,cecured said inti~dd+Fi?i:fleQ~y-%nd volur?~ •
rar~ly and w~ihout any con.,~u's~on, ca;st;a~nt, appreh ns.~,tpr (ear of or from her said husbar.d. ~ : ~i~ • - i
WITNESS my hand and official sea! this__ 1 L i " ~ ~~'l
day oi 1_~ DeCeshe I ~71~ :.19.~2~ x` .
~-j`"-~ , L. r.~ r. .i_ ;y~; - f~. : .
~.u~,+--~f ~ . . _ _ .
otary Pub~~c in antl for;'the 5ta~r Cf ~rida at~arge' ' _
161y Comm~ssion expires ,a,7,,~ " ~
. RftVrfl j0: ' ~ ! 1 ~ ~ .•~i ~'~t _y'~
• ~
First Federal Savings 6 loan Associat:on C•c
s c ,;',~j }:.ti~ .
O. crt F- ce ;,i.. ~~~.t~ f-~'~
Fort P~•~rce. Fwr~7a '
F LEO AhD r~ECOROED
LUC~E COUMTY FlA. L
This Instrument Prepared By JOht1 W. Collirts ROCEF ~ OITRA$
First Federal Savings & Loan Association CIERK Cl~~GUIT COURT ~
of Fort Pierce Flor ids RF':~R^ VE~'=~EO,~..~.~..~
~
Checked Byj,~' _ ~I ~ 2 OS P~1 ~~3
~ R 20~ P~~:2~41 ~~~~sti
600K
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