HomeMy WebLinkAbout4981 . t?.
J. To place and cont~nuously ~eep on the b~~ Ju:gs no+v o~ hereafter an~jte on sa~d land and on at: eq~~p:nent and pers.~nally covered by ~h~s mortg-
ag~, w~th all prem~ums thcreon pa d m fuU, f.re insur,r~ca in the usual zfandard pol:cy fo~m, in a s~m ~Hp~ovrd by the MOR~:,:.G'_[, a~~d ~.~:~ds~o~m
insu~ance in ~he usual ata~~da~d pa,.cy fonn, in a sum app~o.ed by ~hr htJRiGaGEE, in such co~npa~y or co~r.p~r. es as ~he ?~`ORIGAGEE may
d~rect; and al) iire and w~ndstorm insurance po~~cies on any o1 sa.d build~ngs, any interest ~herein or parl the~eof, in the aggrega+r su~n aforrsa~d or
in excess Ihereof, sh,~11 :oro~in ~be usua~ ira~~dard mo:rgagca dause or such o~her cliuse as the Mo~tyagre ~nay ~equ.re, n~ol.ing ~i~r ioss u~der a~~J po~i-
ues, each and every, pa~ab e ta sa~d .~10RTGAGEE as •ts mteresr may appear, and each and ere~y svch p:. :c~r shall ue pro~f,p~~y as~ y~~cd ar.d da.~.<<•rd ~o
any held by sa~d MORTGAGEE as funher secwiry to ta:d n:or~gage deb~, and, nor !ess ~han ten ~101 days i~ adrance oi ihe ex~~~rar,on of ~ech policy, to dr-
I;ver to said MORTGAGEE a renewat thrreoi, toye~her w;~h a rece~pt for the pram~um of such ~ene~ai; and ~here n~»!I b~ no f.re c~ v.~:~ds~u~» ins„~ance
plated on any of sa~d bui;d~ngs. any inrerest there~o a part thereof, u~~ess in the fonn and wi!h the toss payab!e as aforesa~d; and ~n the e~ent any s~m
of money becomes payable ~ndar wch poticy or poLc~as sa~d h10R1GAGEE sh3~I hare ~hr ops~on ro rece~.e and ~pH".y the sa~nr on ac:o~~~~ of ~he ind_t~rd-
ness sec~red hereby or to pern,~t sa~d IAORiGAGORS to rzce~ve and use it or any part tl~errof ror o:~~-~ Fu~; ts~>, ...~~._.,t ch ~ a~ p.~~r-
ing any equity, lien or r~~h~ under a by virtv~ of this n•crryaqe; and ~n ~he e~ant sa'•d MORiGAGORS sh3't ior any reason fail to keep the sald pre~n~s~s ao
~niuled. Of idJ t0 tle~~ver ptomplly dny ot SdiO ~Oi~C~es Ui ~nfu~eiKr ~u ae~U i.~vn:vr.vi~. ~.."•..~':~r r~r i•:'.•` •tiO•°~n. nr ~n anv
respetl feil to perform, d;s:ha~ge, eaecute, efled, cornpletr, co~nply wirh and ab~de by th~s coven~nt. or any perr h~•rrof, s+~J MuRTC,AGff may piat<~ a~d
pay (or such insvrance o~ any part ifiereo( without waiving or affecting any option, iien, equ~~y, or ri~ht u~.drr o~ b~ v~•rue of th~i hlo~tgoge, and the
tult amovnt oi each and every wch paymrnt shal! be ~mmed~ately due and payable and shafl brar interest fro~n tha d3tr ~hcirof un~il pa~d a~ the rate ot
n~ne per centum pe~ annum and to3r~he~ wi'h such inte:cst sha~~ t>r secured by the lien of Th~s mortgage.
1. To permit, commii or su(fer n~ waste, impairment w detrr~o~a+ion of sa~d property w any part thrreof.
5. To pay al~ and singular the costs, charges and expenses, ~ndud~ng a reasonable atiomey"s iee and cos+s of aburacrs o( fit!e, incu~red or pa~d at
any time by sa~d MORSGAG:E, because o~ in the evero of the fa,iure on ~he pan of the said I~\ORTGAGOR to du~y, pra:~prly and fu~~y p<<form, d~s.harge.
exetute, elfed, cemptete, compty w~th and ab de by each and every the atipulat~ons, agrermems, tond~tions, and cover.ants oi sa~d pro~~:~zwry ncte and this
morrgage any or e~ther, and ss,d costs, chargei and ex~enses, each and every, shall be immedwtely due and payabtr; whe~har or not thrre be nor;ce da
n,and, attempt to co!tect or suit pendmg; and the ful: amount oi each and every such paymem shall bea~ interest from ~he date thereof u~~til paid at ~he
r~Te o~ n~ne per centum Ner a~uw.• ,.:nd ai! said costs, cnarges and rx::ar,ses ~rxvrred w paid. ~ogrthr~ w~th wch inte:est, shail be secured by the i~en oi th,s
mortgage.
6. Thal (a) in the event of any b~each of fh~s Mcitgage or drfaul~ on the part of the L10RTGr>GOR, or ~b> in the event any of sa~d sums of money
herein ~eferred to be not pro~npr;y and fully pa~d wiihin th:rty (30; dars ~e~t aif•.r the same severa:ty become due and payob?e, wi~hov~ de:nand or notice,
or (c) in thr evem each and every the stipu.a~~ons, agreements, condrt~ons and covenants of sa.d pro:n~seoiy nose and th.s mortgagz any or e~the~ a~e no1
~ufy, prompNy and fully perfonned, d~schaigad, exet~tad, e~{ected, compteted, compLed with and ab~ded `~y, then in e~ther o~ any such event the sa~d ag-
gregate sum meroioned in said pro~r~issory noTe then rema~n~ng unpa~d, with intere;t accrued, and a~I moncys sew.rd M•r~by, shaL' becomr d~e and pay
~o;e forthw~th, or thereafte~, at the op~~on of said MORTGAGtE, as iviiy and comp!e~ely as if all of ~ne so~d sv:ns of money were or~gl~;a;ly st~putaied
ro be oa;d on such dsv. anvthina in sa.d ara~:~ssory note or in tn~s hlortgage ~o the conrrary nOtw~thstand:r.g; d~`d thereupon or thereafter at the oN~~on of
sa,d MORTGAGEE, w~rhout notice or demand, suit at law or in eq~~ty, therrfore or thereafter beg~n, may be prosec~~ed as d atl monrys set~red hereby
nsd maNred pnor to ~ts inst~tunon.
7. ihat in the event that at fhe beginning of w at any time pending any suit upcn this Mortgage. or to foreclose it, or to re(orm it, or to enforce
~ayment ol dny claims he~eunder, said MORTGAGEE shell app!y to the Court hav~ng ~urisd.U.on thr~eo! ior the appoinfineM of a Rece~ver, such Co~rt shall
ic~thwith appoirtt a receiver of said mo~tgaged property a:i and singular, indud~ng aIl and s~ngu~ar ti:e ir.come, profns, iss~es a~~d revenues from whatever
seu~ce dr.ived, each and eve~y o`. wh,ch, it be~ng exprzas•y undzrs~ood, is hereb~ mor~ga9ed as ~f spec~f~caiiy ser forih ar~d deu~~bed in the grenr~ng and
rjbend~m dauses hereof, and such Receiver shail have a11 the broad and effect~re fvncf ens and po.~ers in anyw~se entrusted by a Court to a Rece~Yer, a~ d
s_:h appointmem shali tx made by svch Coun as an ad~nitted equity and a matier oi absa ~re r.gM to sa]d MORTGAGEE, and w~shout reterence to the
adey~~acy or inadequacy of the value of the crope.ty mo~tgaged or ~o ~he so.vency or ~~uc,tencr of said MORiGAGOR or the defenJants, and rhat svch
~e•~+s, proi~ts, incane, issues and revenues shafl be app.~ed by wch Receiver rccord.ng to the t~eri or equity of sa~d MORTGAGEE and the pracnce of such
Court.
8. To duly, promptly and f~l~y periorm, d~scharge, execvfe, effect, comp[rte, compl~ v.lth and abide by each and every the stipulations, agreements,
:ond~t~ons and covenann m sa~d prom~ssory note end th;s mortga~e set forth.
9. That In the eva:~t the.ownersh~, of ~he r+:ortgaged pre~us,~s, or any part tnereof, becomes vested in a person cther than the MORTGAGOR, the
:'.~RTGAGEE, its successa:s a~d ass.gns, m~y, w~~hout nee~;e to rhe f.~ORTGtiOR. dea: w~th such s~ccEisor or successor ~n ;nterest wrth refrrence to th~s
mortgage and the dcbt hereby secu~ed in the same n:anner as wnh M1tortgagor w~rF.out in any ~vay vit:ating or dacharaing !he Nlortgogori liabi;iry her~
~.nder or upon the debt hereby secured. No sale of the prem~ses h~~reby monga9ed and no fo.bearance on the part oi ~he ttORTGAGEE or its successors
or assigns and no eRrension ot the time for the payment of the debt hereby secwed given by the ~RORTGAGEE cr its wccessors or ass:gns, a1~a11 operate
ro reiease, d~scharge, mod~fy change or affecr the or~g~nal t~au~l:ty of the N~ORiGAGOR he.ein, either in v.hote or in part.
10. It is speuf~caliy agrred ~hat t~-ne is oi the essence of rh~s cont~act and thas r.o waiver of any oh~~ga~~on hereunder o~ of the obligation se-
cvred htreby shalt at any tirt:e thereafter be hc-id to be a wa~ver cf the terms hereof or of the instr~mem secured he~by_
11. In add t:oa to tha foreg: ng rT~ea'i~`y paym_nti of prc:t ~.al and ~~~te•tst r?qu~ted by the prom sscry nc~o s.cur2d herab~r, mertga3or covenants
e•.d agrces to aay to e:o-tgagee v.~rh rach ~~•;,r:•h y Hay:..e•it ar. e;IJ~':Ul1dI suni e, ated b/ mer;gagee to be eq::a~ to 1 12 ot t;ie ~r•.,va; cost of ~he ~ofiox-
A-A{i rEaf prope~ty taxes levied or assessrd ag~~ ~st t~~^ above descr~brd real estat~.
B F.arr.~uas on f:re ar.d ..:~ds~c ~~~sura .e as 'r.ere:n r~•G~.rcd to be ca•~~•d the ,;,roveme~!s s~t~at~• on the above d::sv~bed premises.
i ,
i C-Pre~r~u« s o~ such m.ort~;ge g~a~~.^.ty ~r.su~a• c_• ~s r,:o•tgagee sha:l fi~.n r:~~e so t~~~e deem f~t te carry on the foan scc~;~~d her~by.
Mortgagee s~a~l from r~~~-:e to t;•,,e no*i1y rt+c~tysgor ~n s.~~:~ng of the a•~ o~~t cl~e and payable hereundar and s~ch su~~ sh:ll thrreu~>on be d~e and
~ ,;able o~ thc due ci.;te oi th~ ~~~~t ~::ooth.; pa~ren~ and e~c~ SUCC?SinYP neonth rnerrafter vr.ri! mcrtgagee shall notlfy mortga3or of a chan~e in su:h
~ ount. $uch su:ns s~.t t;e a:t~:+rd c~ ~*icrt a e to~~.a•d ine . a• ment of re.~i ro~ert taxes, insura:xe ren' u ns, a•~d mort- a ~ uarant insurante
~ - F Y 9:i' ? 1 P r V P 3 9~ 9 Y
~ n~emiums.
~ IN ~'1ITNESS '+'iH=.R~OF, tne sa:d kIORTGAGOR has hereu~to set h~s har.d and s•~ai th~ day and year first aforesaid. .
~ '$igned, Sealed aad de;ivpfed. in fhg presence of: j-)
~ ' \ _ ~~DCC~~~ %
`---tsea~>
i Ja~e~ S Guerra~ a s*+a~__~szai~
~ 'i ` ` + adutt (seaq
~ ` ~
~ - (Seal)
~
~ jTATE OF FLORIDA
~ St. I.ucie ( ss.
COU!JTY OF - 1
~ Before me personally appeared _ J~et S. Guer~a~ a S~dle adut t ~
~ _ h~ to me well known anc{~1D me to be
!n~ indrviduaf, described in and who eaecuted the foregoir.g instrument, and acknow:edged before me that ~Jfier executed .h,e,s.~q~~~,fo?• ~u'~ p!irposes
• n~t
~ ~herain expressed. A~---------- - ' ..`~r-aL~K=%:
a~ +~0~ : C
~ e
~ r ~ ~t ~ ` . . .
r,~ WITNESS my hand and officia~ seal this__-_ - day of_~„ ; _ J~~ .r~ ~ D.; lA ~3 "
---i _ ~ _ ; , :1 ~ - - "
No~ary Public in and for ther5ta(e~rF Flo{jda~~t lar~?
My Comm~ssion expires: ~
'r' Rerum To: 2j44953 ` ~ ~ ~ ~
'-_~^`d_< First Federal Savings 3 loan Assoc~at.on
ns :~.,r c.-~:. FILED ANO RE~OROE9 _
ST. LUCIE COU TY FIA.
s,_. ~o.t G~_-:e. F,:.r::ie ROCE~ FO#TRAS
Y=~ ClEk~l ;,sr^.CJ!1 COt1RT
RECOk'~ ~f~l~~EO~~~.. .r
~ - ,
This Instrument Prepared By p~ F. Holerger 1~o PN ~
First Federal Savings 8~ Loan Association ~
of Fort Pierce ~ Rloiida
i-~.,._~_..~ o.. ~
~
~.i~ctnc~a vr
0 R ~
~ ~ ~i~~
~ S
~ ~
_
_ j
_ ~
4.
. ~_.y . . . _ _ . . _ . . ~ _ _ - ~ ~ =3