HomeMy WebLinkAbout5550 9. To place a~d continuo~sly keep on the buiidings no:v o~ hrreaftrr ~ituate on sa~d land and on aL' eq~ipment ar.d persona~ly co~e~zd by ~his mortg-
ege, with all premiums th.~eon pa d m full, f~~e insuror,ce ~n tne ueusl srandard po~~cy form, in a s~m ,~pp~ored by the `tOR.GAGEE, and w~ndsto~m
~nsuronce in ~he usuat srand~rd poi.cy form, in a sum approved by ~ha MORTGAGEE, in such canpany or co^~pan:rs as the MOR:'vAGEE ~~ay
d~rect; and all fire and w~ndstorm iniuranca poiic~es on any of said bui~d~ngs, sny inte~est therein ar pa~t ~hrreof, in the agg~~ga~e s~m aforosald o~
in excesi ~hereof, shall cw+rain the ufual sta ~dard mortg~gee c!ause or such o~her dause as the Mortgagee may reyu~re, making thr ~cas u~drr aa~d poti-
c;es, each and every, payabie to sa~d h1JRTGAGEE a~ ~~s ~rner~-st may appear, a~d each and e~ery such po::cy sha;l be pron:ptiy ass y~~~d a~~d de!~.~•~~d ~o
any held by said MORTGAGEE as funher secunry ~o sa;d n,o:~gage debt, and, not less ~han ~en (101 daYS i:. ad+ance of the exp;ra~,on of each pofcy, to de-
I~ver fo sa~d MORTGAGEE a renrwal thereof, to9e}he( akiih a rece~p~ for the p~em~um ot such rene+~al; and ihrre sha;i be no f~re or .v:~~ds~o~~n insvrance
placed on .ny of said b~i;dings, any intcrest thera~n or pait tt~ereof, unless in the 1o~m and with the loss paYab!e as aforeseid; and i~ the evero any sum
of money beco~~es payabie ~nder such pol~cy or po(k~as se~d A,ORTGAGEE shall have ihe opt:on to rec<~re and app y ttie aa~ne on oc~o~nt of the i~i,i~~:>trd-
ness secured hereby or to pe~m~t sa~d MORTGAGORS ro reca~ve and use it or any part the:~~of ior o:n~~r ~.u:,::s~s. .•.~~i,o.:~ i~~ ~~u. .,~-~.~~3 ~•^P~~'-
ing any equ~ty, lien or ~~yht und~r or by virt.,e of this mocrgagc; and in the evem sa d MORTGAGORS sha!I tor a~y rcaw~ iail to keep the s3~d p~e~nis~s so
Insured, or fail to deGver promptly any of sa~d poLues of msvrance ro sa~d MORTGAGEE, or 4ai! pro~„pUy to pay f„~Iy any pre~~~~~~T> >hrrefor or i~ a~y
renpect fail ro perform, d~scharge, execure, effect, cornptetr, cornpty with and abide by this covenan~, or any p~rt hareof, sa~d h10R1vAGEE may p~ate a~~o
pay for such insurance or any pa~t thereof withouf waiving o~ a(feiling any optEon, lien, equ~ty, or nghl vr.de~ or by ~irtue of th~s hlortqage, ar.d the
full amount of each and every s~ch payment sha~~ be ~mmed~ately due and payable and shall bear intcrest from the date ~h~reof ur,dl p.,~d at the rare ot ~
n~ne per centum per annum anJ to~cther v fth suih intr:c~st shati be secured by the lien of this mortgage.
1. To permil, camrnit or wffer no xaste, impairment o~ detrrioraYOn of sa~d property o~ any part the~eof. ' ~
5. To pay atI and singu'ar the costs, charges ard expe~~ses, induding a reasonable a~tomey's fee and casrs of abs~racts of t~t'e, in,urred or ps~d at
any time by sa~d MORTGAG:E, because w in the event of the ~a,~ure on fhe part of the sa~d MORiGAGC~R to duiy, prompNy and fully pc~form, d~s~i,arge.
>xecute, effec?, comptere, compty w~~h and ab.de by ea:h and every the st~pula~~ons, ag~etm<nts, cond~tions, and COV@nd~~t3 Of sa~d pro:n~ss~ry note and ih~~
morrgage any or either, and sa'.d costs, cnargrs and expenses, each and every, shaii be immed;a~e~~ due ond pe~sLtc; :.`:~ther o= n~t ~Fcrc ::~`.~e d-
mand, attempt to co:lect or svit pend~ng; and Ihe iutt amoum of each and every such payment shall bear interest trom 1he date thrreot umil paid af the
r.,tc oi nine per centum yor an~~u T~; ~nd ail iaid custs, chacges and cxprnses incurrrd or pa~d, together ~v~th such inte~rs~, shall be setured by t~e fen o1 th~s
mortgaga
6. That (a) in the eveM of any'breach of th~s Mertgage or dcfault on ~F,e part oi the MORTG~GOR, or ;b) in the event any of satd sums of money
h~ rein refe.red to be not pro~nprly and fully paid within th,~ty (3C) dsys next a4ter the sa:~~e se.era:ly beco~ne dve and payab~e, w:thout demand or nonce,
ic) in the event each and every the sripu:at~ons, agrerments, cond~'~ons and covenanrs of sa d prom~swry note and th.i nzortgage a~y o~ e~ther are not
iuty, promptly and f~lly performed,.dscharyed, executed, effected, comp~eted, comp!~ed w~th and ab~ded `ay, then ~n e,ther or any such evem the sa~d ag~
~~egate sum mentioned in sald pro~nissory notr then re:naining unpa~d, with interrst acu~ed, and a;l mon~ys secured he~zby, shall betome due and pay-
ao:e forthwith, or thereafte~, at the opt~cn of said MQ2iGAGiE, as fuliy and comp!ere~y as if aIl of the said wms oS money v~e~e onginatly st~p~:ated
ro be paid on such day, anything in sa:d proa~.ssory note or in this 1lorrgage to the con~rary notw~thstanc!ing; and ~hereupon or thereafrer at the op~~on oi
sa.d MORTGAGEE, wl~ha~t no+~ce or drmand, swt at law or in equ~ty, thrrefore or thereaf~er bE~un, may br prosec~ted as if all moneys secured hereby
n.:d matured pnw ro ns insurution.
7. That in fhe evenf lhat at the beginn~ng of or at any time pending any su~t upon Ihis Mortgage, or to for~ciese it, o~ to reform it, or to enforce
payment of any tlaims hereunder, said ldORiGAGEE sha:l epply to the Court hav~r.g {u~~aJ;tt~on :hr~cof !or the appo~ntment of a Receivcr, svch Co~rt shail
tc:thwith appo~nt a receiver of sa~d v~o:tgag~d properry aIl and s~ng~tar, includ ng a1~ and s~nguiar u:e income, prot~ts, ~ssues and reven~es trom v,hatever
s~u-ce derived. each and e~ery of wh~ch, rt be~:~g express'.y undersrcod, n her~by mor~gaged as ~f spec~ficaL'y set for~h and described in the grannng and
habendum dauses he:eof, and such Receiver sha~i have a:l the braad and effect~ve (u~xt•o~is and powers in anyw.se entrusted by a Court to a Rec~iver, and
s_:h appo~ntme~» shail b~ made ~y such Court as an ad~~,~tr_d eq~rty and a mat~~ of abselute r:ght to said 610RiGAGEE, and wrthcut reference to the
a~',auacy a inadequacy of ~he va~ue of the prooe~ty mo~tgzged or to the so.vrn~y o~ ~nsoiventy of sa:d MORiGAGCR or Me detendants, and that such
r~~~fs, profits, income, issues and reve~ues shaif be app:~ed 6y such Receiaer accord~ng to the t~en or equity of sa~d 1AORTGAGEE and ihe pracKce of such
Court.
8_ To duly, prompt:y and (ui~y perform, d~scharge, execute, ef4ect, co~r.p:ere, comply w~rh and ab~de by each and every the stipulations, ag~eements.
.ondifions and tovenants ~n sa~d promissory note and th;s mcrt~age srt forth.
9. Thaf i~ the event the o~vnership of tF.e mo:!gaged premises, or any par? thereof, becomes vested in a pcrwn other than the MORTGAGOR, the
:'~RTGAGEE, its successo~s and ass~gns, may, w;Tho~t not~ce to the A".ORTGAOR, deat w~~h such wccesso~ w wcceisor ~n interest ~v~th ~efe~er~ce to th~s
o~~gage and the dcbt he~eby sec~r¢d in the same manner as wnh SS~rtgago. wirhout in any way vit+ating or d:scharging the Mortgagors' liabiiity here-
~ nder or upon th~ debt hereby secu~ed. No saie of the pre~r.ises hereby mortgaged and no forbea~a~ce on the part of Ihe /~10RTGAGEE or its svccesson
o• ass~gns and no extension of the f;me for th~ payment of the deb~ he.e:ry secured given by the NORTGAGEE or its s~ccessws or ass~gns, ~halt operate
!o re!ease, d~scharge, modify cha~~ge or affect the ocig~nal (iabJ:ty of the M~JRTGAGOR here~n, either in whole w in part.
10. It is spec[frcalty agreed that t~me is of the essence of this contrad and that no waiver of any obl;9a+~on hereunder or of the obligation se-
c~~red hereby shaU at any time ~hereafter be hc'd to be a rra:ver of the te:ms hereof w of the instrumem secured he~by.
11. In add t:on to ~he forego ~~g ~nonrh'y ~-~y:r~ms ot ~-i-c pat and irt~•res+ required by the pron: sscry no~e s~cu~rd her~b?, mortga~or tovenants
agrees to pay to r~.o:tgagee r.~~h each :*:an?n•y ray~ .ent an o~d,~,o:za1 su~n csr:r.,ated by mortgagee to Ge eq~ai to 1, 12 of ti~_ enn.:a! cost of th< fo!iow-
j.
A-Ail real pro~rty taxzs lev~_; or ass•:szcd ay+~:st thc a'tove dest•i~~_d r,al es~at~.
j B- Pr~r=u,,ms on fue and windsterm ~nsu:.,~ ce as ne~e~n requ:red to be ca~ri~d o~ the :~~~::rove~ne~ts s'tvate on tie abeve d_sc*~hed prem~szs.
~
C-Pre~n~u~~~s o~ su~h rro~t~aae gua•a~.Ty ~.~w~a~ ce as nlv"t~J3y?a 5~':dii 3rc-. T"~rr so s;me d~em }~t to iarry on tfie toan s^cured hereby. -
~ Mortgagee sh;!I from tEme ;o !~me r.o!~fy :z:ortyag;:r ~n writ,ng of the a~~o~~t d~e and payanle herzundrr and s~ch su•n shail thareupon oe d~e and
`t ..able on the due dare of ~he re¦r n,onrh.; p.;y:•~r.,r and each svccessive ~ro^sh the~eaf~.r v;.ril mertg3gee sha;l not~fy mo•vya3or of a chan~e in such
i
; :.unt. Such su~ns sNa.1 t~e ap~~.,ed by rnortgag•~e tov:ard tiie }>dV~T'e~t of real property taxes, ~nwrance p~em.ums, a:,d n:ortg3ge g~aranly inwrance
;>~eTiums. .
; IN W "55 'NHEREOF, the sa+d RRORiGAGOR ha reunto set his h3~,d and seal the day and year first aforesa~d.
~ i aled an resence ~ ~ ~
[ _ ~ - (Seal)
~ Rut f Hdll~ a sinale aeh~ 1 t~seaq
~ (Seaq
~
~ l5eaq
~
S-ATE OF FLORtDA ~ -
~ St. Lucie ~ . - r .
UNTY OF I
,in,,y
~ __~f_`___P`_:o_a;iy aP~_~_a _______________Ruth Hall_ a sinale adult : ; ;
~~7iZv~$, to me w~U: knor'n aiSd~ knliwn tD• R+A;1o !se
~ the individuafKdescribed in and who executed the foregoing instrument, and acknowledged before me that S~executed•the ;eme'~r the pur~soses
' " • ~ C~~~.~
rh.~rein expressed. A'nd1F~TaitT~_~~~~_ ~~~~~_~~~~~~_~~~~~~~~4ri~~~2~~za:~,.~~at •
~ _ ~ :
~ r: e oTT~eia;d~_---~---~~----~~---~------`~~-----~-~~~~------------- - e~ie!~~s~li24sa~Ils~f~f~~ '
~ ~eminatiow ~r wie•~aice~+-aep~wk-aw~ ~M ir~ i~M iaii i~rs~awa4 +~konr.Jcdg4d ~aod boEar~ 3hiLSb~ fed ,~f l~C~Y`~
~~~1i~ ~ iF
~ .l,7y answnndoran9ten+pv~sren~tDRSt?3Srtf-aFpr bR,'MT~r~efror4rartrfter sbend. ' . - ; -
~ . I Q • ~y, j ~ •
~i WITNESS my hand and offtial seal this_ - _ day of A. D~.7~~
~
Tr't :
Not~r Pub~ic in and r t State of Fiorida af'[arge '
My Comm~ssion expires: '1 ~ ~S!
- Ret~rn To:
r~ First Federal Savings 3 Loan Assoc;at.on
,:y ~4 rU.'t P._'C?. ~4$3b~
~ Fert Pierce. Flcr;;~.;
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R
E COIi~~~O
OCER p V1.
~a This Instrument Pre ared B D.F. HoleY r ~~ERK ~`~~~5 ~
First Federal Savings 8 L an Ass c+ation ~ RE~'~R~ ti'E~,~+E~ ~~~?Rt~
of Fort Pierce ~ Floz ida _ f~.,i0
~
~ Checked By w~" 11 `~6 PH '73
- M
ry jl, 7 PAC: 25~~
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