HomeMy WebLinkAbout5300 3. To place and con~inuousiy keep on tF~e bu~'d~ngs now or hereafter situate on said land and on aN eqo~Hment and perso+~aliy covered 'uy it~~s ~;.o:t3
sge, w~th sll p~emiums thereon pa d in fult, tire insurance in the usua! s~ae~dard poi+cy io~m, m e sum epp~uvrJ bi the 1.',~;R:v:.v'_E, a^.d winds+o.m
~nsurance in the usual standard poLcy form, in a sum approved by ~he h10RTGAGEE, in such company or compan~es as the MORiGAGEE may
direct; ~nd a~l fire ar.d w~ndstorm insurance poGc;es on any of sa;d bu~id:ngi, any inte.est the~e~n or part thareot, in the aggregare sum afwesa~d or
i~ txceit the~eof, ~hall con+a~n the vsual afandard mongag~ clause o~ such ahe~ clause as the Mor~gagee mey iequ.ro, maMing ~he ~ess u~tder sa~d polr
cies, each and every, payob!e w said hIpRTGAGEE as ~ts imerest may appear, and cacA and evory i~cA po:~cy shatl be prompny asi gnrd and deGvared to
eny held by said MORfGAGfE as furtAer securiry to sa:d mortgage debt, and, no1 less tFwn Ien {101 deys in advance of the expirat~on of each pol~cy, to dr
liver to said MORTGAGEE a renewal the~eof, toge~her with a icKe~pt to? the p~emium of such renewal; and thero shall be ~a i,re or w~ndsio~m insurance
placed on any of said buildi~gs, any imeresl therein or pait thereof, un;ess in the (orm and with the lost payabte as a(o~esaid; and in !he event any sum
of ~noney b~cpnes payab:e under suth polity or pol~cies said MORTGAGEE shall have ~he opt~o~ to receive and app!y the san.e on accuunt of ~he indabted-
::r9i ae~vsc~a ~ir:r`vy vi ;v y.C:-;t a~v1 ..u i~ O Otnrr
`C~. ~~vOTvdC`ODS' or any oa~t Iher2of f r FurN03rt. ~•ntt:_~t IhY.u~ w..~+i~~~ .;t ~ni~y,:~
ing any equ~ty, i~en or right under or by v~rwe of ~his mo~'gage; ~nd in ~he even~ sa~d MORTGAGORS shatl fw any reason faq to krrp the sa~o prem~s,s so
iniured, w fail to deGve~ promptly any of sa~d poGcies of iniurance to sa~d MORTGAGEE, or fah promptly ~o pay fu~ty any pre~nwm therefor o~ in a~y
~espect fail to perform, disch~rqe, execute, effect, complete, comply with and ab~de by th~s covenant, or any part hereof, said MGRTGAGEE may p~ace a~,d
pay fw such insurance o~ any part thereof~ wirhout waiving or affKting a~y option, lien, equ~ty, or r~gh~ u~der o~ by vir~ue of fhis Mortgage, a~d ~he
f~ll amount of each a~d every such payment shall be immediately due and payable and shafl bra~ interesl from the date ~hereot vnril paid at rhe rare of
n~r,e per cenrum pe~ annum ared to~rther ~,•hh such in!er~st shaii br srcured by the Gen of this mortgage.
1. To permi~, commit or suffer no waste, impairment or detarioration af said property or any parl thereof.
S. 1o pay all and singular the costs, charges and expenses, ~ncluding a reasonable attorney"s fee and costs of absrracts of title, incurred or paid at
any time by said MORTGAG:E, becavse or in the event of the fa~lure on the pari of ~he said h10RTGAGpR to duty, pro~npt~y a~d f~l~y perlorrn, d+scharge.
execute, effece, complete, comply wdh and ab:de by each and every the stip~Ianons, agreements, cond~t~ons, and covenanes of sa~d prom;ssory note a~d ~his
mortgage any or either, and sa~d costs, charges and expenses, each a.xi cvnry, shati b~ ~ed~str:y due and ;.ayab~e; whe~her or ~or thrre be not~~e d~
mand, attempt to coilect w suit pend~ng; and tha fuN amovnt oF each and evary such payment shall bea. inierest from the date thereof until pa~d at the
rate ot nine per centum pcr annu:n; and all Sa+J costs, cha:ges and ex;.enses incurred or paid, togeiner w~th such in~eress, shai: be secured by the l~en oi this ;
mortgage.
b. That (a) in the eve~t of any breach of this Mortgage or defautt on the pa.? of tke A40R7GAGOR, or ;b) in the event any of sa;d sums of money '
herein referred to be not promptly and fully paid within thnty l30) days next aster the sa~ne severa:ly become due and payabte, withou~ demand or no~ice,
or (c) in the event each arui every th~ stipu~ations, agreemeros, tonditions and covenams of sa d promissory no~e a~~d th~a mortgage any or e~ther are ~of
~uiy, promptly and fully pe~formcd, d;scharged, executed, eifected, completed, cbmpl;ed wrth and a6~ded `ay, then in e~ther or any such event Ihe sa~d ag
~~egate sum mentioned in said promissory rtote ~hen remaining unpaid, with imerest atcrued, and atl mOneyS sec~red hereby, shall become due ar.~ paY'
eoie forthwith, or thereafrer, at the opt~on of said MOR7GAGEE, as (ully and compleeely as if all o! the said s~ms oS money were or~gina!ly shpu:a~ed
to be pa~d on such day, anything in sa~d pro,n~ssory note or in this Mar.gage to the conrrary noe virhseand~ng; and ~he~eupon o. ttx:reaher a~ ~he opt~on of
ss;d MORTGAGEE, without nonce or demaod, suit at law a in equ~ty, therefwe or thereafter begun, may be prosecuted as if all moneys secured 1?ereby
nad matu~ed pnw fo ~ts instirut,on.
7. That in the event ~hat at the beginn~ng of or at any t~me pending any su~t upon this Mortgage, or to ;oreclose it, or to ~eform it, or to enforce
FaymeM ot tny daims hereu~der, said MORIGAGEE shalt app!y to the Co~~~ havi~tg ~unsdittion thereaf tor the appomtment of a Receiver, such Court shail
fc: rhwith appoi~t a receive? of said morrgaged prop2rty all and singular, includmg af1 and singuiar the ir.come, p~ofits, iswes a.^.d revenues from whatever
sovrce derived, each and every o: whrch, it be~ng express!y unders~ood, is hereby mortgaged as if spec~F~cally set forth and described in the grarttrng and
habendum clauses hereof, and such Receiver shall have alt the broad and effect~ve funcr,ons and powers in anywise entrusted by a Court to a Rrcriver, and
s_th appoinrmem shall be made by such Court as an admittrd eq~~ty a~id a matter oi absolute n~ht ro said MORTGAGEE, and wishoul re(erence to the
adequacy w inadequacy of the va!ue of the prope~ty mortgaged or to the se~vency or ~nsoive~cy of aa~d MORiGAGOR o. ~he deiendants, and that such ~
r= ,rs, profits, income, issues and revenues shal! be applied by such Receiver accord.ng to the I~en or eq;,ity of said MORiGAGEE and fhe practice o1 such
Court.
8. To du!y, prampt!y and fully perform, d~scharge, execute, effect, complete, comply with and abede by each and every the stipuiations, agree~nents,
co~ditions and covenants ~n sa~d p~om~ssory note and th~s mortgaqe set forth.
9. That in the event the ownersh~p of the mortgaged premises, w any part tF~ereof, becomes vested in a pe~son other than the MURTGAGOR, the
:'ORiGAGEE, its successors and assigns, may, wirhout norlce to the MORTGAOR, dral wnh svch wccessor w successo~ in iroerest wi~h reference to this
~o•~gage and the d:bt hereby secure<i in the same manner as wirh htorrgago~ w~thout in any way vir,at;ng or d,scbarg;ng the /Aongagori liabit~ty h~re-
~nder p upon the deb~ hereby secured. No sale of the Fremises herehy mortgaged ar.d no (orbearance o~ the pan of the /~IORTGAGEE o~ its s~ccessors
ass~gns an~! no exte!+s~on of the time for the nayment of tne debt he~e!~y secured given by the AM1ORTGAGEE or its successws or ass:gns, a~iail operate
ro release, d+scharge, modify change or affect ~he orig~nal liab~lay of the MORTGAGOR herei~, either in whole w in part.
10. It is specifically agreed that time is of the essence o' this contract and that no waiver of any obl:gation hereunder or of the obtgation s~
c~red hereby shall af any time thereaiter be he:d to be a waive~ of the terma hereof w of the instrumem secu~ed herby.
11. In add,t~o~ to ihe forego nq month!y paym~nts ot princ pal and interESt requ~red by the prom~ssery na•e secured i~arruy, rnoriyag~r wve+:a~its
~~~d a~rees to pav to mo:tgagee v ith each mcnrhly p,~y~:~ent an add:rional s~m esi:mated b~ mortgagee to be eqva~ to 1, 12 of the annuai cost of the follow-
A-All real property taxes lev~ea or assessed agai•ut ~he above desvi~ed real estate.
B-Pr~~m~u~s on fire and windsrorm ~nsvra~.ce as herein reG~:red to be ca.r~ed en the [mproveme~ts s:tuate on the above d;scubed premises.
t-Pren+iv-»s on svch mwtg:3ge g.,aranty i~surar.ce as mo:tgagee shaU froa. t:me to time deem fit to tarry on the loan secured hereby_
Mongagee sAa!I from time to time not~fy mortyager 1n writing of the amou~2 d~e and payabte hereundar and suth su~r~ shali the~e~pors be due and
.~.able on the due dare of the neat monthi~ payment and each wccessive morith thereafter ur.til mortgagee shatl nor~fy mo~rgagor of a change in such
oont. Such s~ms sha:! be app:ied by mertgag._e towa~d ~he payment of real property taxes, ins~rance prem.ums, and mortgage guaranty insurance
: •emiums.
l IN WITNESS 'NHEREOF, f e sa~d MORTGAGOR has hereu~to set hi: hand and seal the day a~d year Eint aforesa~d.
5" r~d Seatecf and de! ered in the ' sence~of: ~ ;
~ ' ' x-~.~a---~ ~-._.%1
, Seal)
_ ~ ~
(Seal)
($eal)
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_ lSesl) ~
STATE OF FLORIDA ~
~OUNTY Of St. Lucie
Before m~ ~~so~a~~„ appear~ Willia~ Bryant and Lora Bryant, his wife and Ray Co~lins and
Pha risene Collins
his wife, to me well known and known to me to be
rne indfvidvals described in and who executed the foregoir~ instrum nt a~d ackn !ed es! before me that the eaewted the same for the urposes
rhere~n expressed. And the sa~d ~ra Bryant, wife o.t° ~he sa~d ~i2liaa Bryan~ and Pharisene Collins
Ra Collit~
r~ `e of the sald _ upon a separate and private
e.an~nat~o~ by me takert separate and apart from7he~ said husbanc}~ acknowledged to and before me that'~h9,executed said instrument free~y and volun-
.~~'y and w:thout any coc,p~IsEon, constraint, apprehens,on, or Fear of or fromfha said husbandt,
WITNE55 my hand and offic:al seal this_ Sth Janua ~
- day oi - ~ A. D. i9 7$ "
~ -
/ ~ i ' '
v(~(G f'
, Notary Public in a~d for t State I~da•,1 largF; .
My Comm,sseon e~cpires: -
Retwn To: •
Fint Federal Savings 6 Loan Associat~on !'~~°Y ~1S!,'!'• $7Qjt ~f ~+~~R;I~{ 8t [~i~
~
Of io.r Pe:ce. • ' j'1r L~;; fa~,
`"o: ~r:
Fo.t Pi-~rce, Ficritla . . 9..,. „ , _ .~''~..+p:.:~„ _
~~A~~ ~
fT-RO~CER
P~Ot~TRAS , ,'±'"'r`', ' ~ S
This Instrument Prepared By CLERI( C1AC11i? COi1~T ~ ~-q
First Federal Savings 8 loan Association RECORO VERIF1Qp~,.,~ j a'
of fort Pierce ~ 9 9 k~ M7'13
Checked ey - 2i4518~
BD~x ~V9
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