HomeMy WebLinkAbout0836 3. To place and continuuusly ?eep on the bui'J~:,gs now or harraite~ ~ituate on sa~d land and on al; equipmcnt and perso~ally covered by thit mw~g-
sge, wi~h all prenuums tn.~:on pa:d in full, Lre inw~ancr ~n thr vsual sfa~Klerd pol;~y fo~m, in a sum a{.proved by the /.tOR~G.iGEf, a~~d windstorm
inw~ante in the usua! srandard pol:ty ion», in a wm dF~fOti2d by the MQRiGAGEE, in such tompany or companies as the MORiGAGEE may
d~rect; a.xl all fire and w~ndstorm ~niurance poi~c~es on any of sa~d b:~~td.ngs, any interest therein or part thereof, in the agg~rgare sum afoiesa~d a
in eacess thrreof, shall coNa~n ~he usuat sta~~d3rd morrgagre ctause or such o~her clause as the Mortgagre may reyu~re, ma?ing ~he +oss unda~ sa~d poli-
ue~, aach and every, payable lo said h10R1GAGEE as ~rs ~ntcrest may appuar, and each and ~very wch pa~~cy shdll be pro~npny ass gntd and de~~v~red ~o
any held by said MORiGAGEE as funher se:ur~ty to said mortgage deb+, and, no1 Iess Ihan ten (IO) days i~ ad.ance o( the expnar~on o1 each ~wfcy, ~o da-
Gvea to sa;d MORTGAGEE a ren~wal tAereof, toge~her w~th a receipt fw the prem~um o( such renewal; and ihere ~h~il ba no f.re or w~ndn~o~m ins~rance
pfated on any of said buitdings, any inte~est the~e~n or par~ thereof, unless in the form and wnh the ~oss payabfe as aforesaid; and in the evenf any sum
of money becomes payabie undrr such poticy o~ polic~es said MORTGAGfE shall have the opuon ~o rete~ve and apply ihe same on accoun~ o( tha ind~bted-
nes~ sec~red hereby o~ ro perain sa~d MORTGAGORS to reteiva and use it or any part the:eoi io~ o:i~. r~.;,r;.ose•s, v:l~i,.,,;t fh ur w_~.S y.:r u„p.,~r-
in9 any equ~ty, lien or right under or by virtue of this mo:'gage; and in the e~ent sa d MORTGAGORS shall Epr any reason fai! to keep the sa~d p~e~nisas so
insu~ed. Or fail to deiiver promptly sny of s~id polities of ~nsurance to sa~d MORTGAGEE, or fa~t promptly to pay (uily any premi.,m theretor o~ in a~y i
respect fail to perform, d~scha~ge, ex~wta, effz~l, comptete, comply with and abide by this tovenant, o~ any part hrreof, salJ MGRiGAGEf may piatr a~~d
pay fcx wch insuranct or any parf thereof without waiving os afiecti~g any op~ion, l;en, equ~iy, or nght u~~der or by v~~tue of this Mo.egage, and the
fu11 amou~t of each and every such payment shell be immediately due and payable and ahall brar interes~ from the dare thereof uniil paid at the rate o1
n~ne per ~~ntum per annum and to~c~her v~rth such inre~est ahall be sac~red by the lien of this mortgagt.
1. To permit, commit or suffer no vraste, impairm~•nt or deterioration of sa~d propeity w aay parf thereof.
S. To pay all and singu~ar the cosls, charges and expenses, including a reasonable attwney's fee and cosh of :.Sstracts oi t~tte, incurred or pa;d a~
any time by sa~d MORiGAG:E, because or in the evero of ihe fa~lure on the part of the said MORiGAGOR to duty, prompNy and futly pe~fam, d~scharge.
execute, e(fect, complete, comply w~th and ab:de by each a~d every the st~pulanons, agreements, condir~ons, and covenams of said proen~ssory note ar.d thie
n,ortgage any or e~~her, and sa~d costs, charges and expenaes, each artd every, shall be immediately due and payab:e: whefher w ~ot there be notice d~~
martd, attempt to co:tect or svit pend~ng; and the full amourt of each and every such payment shall bea~ intereit f~om the dare thereof unril.paid af the
r.~re of n;ne per cenr~,n par aro:~:n; ~nd aU said cosrs, charges and ex;xnses inc~rred w paid, toge~her w~th such interest, shall be secured by the lien of th~~
mortgage.
6. That (a) in the event of any breach" of this Mortgage or de(ault on tFK part of ~he MORTGAGOR, or ;b) in the event any of sa:d sums of money
herein reFerred to be ~o? proenpNy and fully pa~d within fhsrty (301 days next aftcr the same severa!!y beco~ne due and payaUle, without demand or not~ce.
or (c) in thr event each and every the stipulat~wu, agreements, condirio~s and covenants of sa.d promissory note and th~s mortgage any o~ either are not
~uly, promptly and futly performed, dscnarged, executed, e}fected, compfered, compl~ed wirh and abrded 5y, the~ in e;fher w any such event the sa~d ag
y~~ye:e su~rj s::enti~:~d ii r.~-~;;;vey ; c;!c t!:ert r~mai^i^y vnpa~a, r,,~:l. ~nev.e=r accrued: and all monrvs secured hereby. sha{i betome due and pay
eb;e forthwith, or rhereaitrr, at rhe option of sa~d MORTGAGEE, as fvlly and comple~e~y as if ail of the sa~d s.,ms of money were ongina7ly sr~p~:ared
to be pa;d on sutA day, anything in sa:d prom~s:ory note or in this Mortgage to the conrrary notwithstand~ng; and thcreupon or thereafter a~ the opt~on of
sa;d MORTGAGEE, without nor~ce or demand, suit at law w in equity, theretore w thereaf~rr beg~n, may be prosecuted as if all moneya secured hereby
nad matured p~~p to ds institut~on.
7- That in the eve~t that at the F,eginn~ng of or a! any time pending any :uit upon t6i; Mortgage, cv to fweclose it, or to reform it, or to enfo.ce
payment pf any ciaims he~eunder, aaid MORTGA.GEE shall apply to the Cou~t having ju~~sd;c~ipn thwpof for the
appo~mment of a Receiver, such Court ahall
Fcrihwith appoint a rece~ver oF said mortgaged property afi and sin9utar, incfud,ng aif and sinqular th~ ir.come, proi~ts, issves and revenues from whatever
scurce derived, each and every o`. wh:ch, it be~ng express~y undersrood, is hereby mo~tgaqed as if speuficalty s~t fo.th and deuribed in the granring and
habendum clauses hereof, and such Receiver shall have all the broad and effective (unc~:ons and powers in anyw~se entrusfed by a Court to a Receiver, a~:d
s_ch appoinrmenv sha11 be made by wch Courr as an adm;tted equrty and a matter of absolute r~ghi to se~d A1pR1GAGEE, and w~thout reference to the
adequacy or inadeq~acy of the value o~ ihe property mortgaged or to the so~vency or ~nsoivency of said 6tORiGAGOR or the defendants, and that such
.e~,TS, profits, encome, issues and revenues shait Ee app~ied by such Receiver accord~ng te the lien oi equiry of sa~d MORiGAGEE and the prachce of such
Courr.
8. To duly, promptty and futly perform, discharge, execute, effect, comptete, comply w~rh and abide by each and every the stipulations, agr~ments,
conditions and covenants ~n sa~d promissory note and th:s mortgage set fo~th.
9. That io the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a pe~son othe? than the MORTGAGOR, the
4'.~RTGAGEE, its successors and ass~gns, may, without notice to thQ :yIpRTGAOR, deal with such successor o~ successor in interest with reference to this
~~o~tgage and the debt hereby secured in the same manner as w~th tdortgagor wittiput in any way vitiating or d~sci~arging the lAortgagors' liability here-
under a upon the drbt hereby secured. No saie of the prem~ses hereby mortgaged and no forbearance on the part of tlre IAORiGAGEE w its s~ccessors
or assigns and no extension of the time for the payment of the deb~ he•eby src~red given by the MORTGAGEE or its successors or ass:gns, a1~aI1 operate
ro ~elease, d~scharge, modify change or affecf the orig;nal liab~iity of the N,ORiGAGOR herefn, either in wFwle or in part.
10. is specifically agreed ?hat rime is of the essrnce of this contract and that no waiver of any o6ligation hereunder w of the obligation se-
cured hereby shal~ at any time the~eafter be heid to be a waiver of the terms hereoi or of the instrument secured herby.
11. In add tio~ to the fpreyo"ng monthly paym~nts o[ arinc pal and interes~ reqvired by fhe prom:ssory no~e secured hereby, morrgagor covenants
~~d agrees ~o pay ra morrgayee w~rh each rnonthly pay~.,enr an add;reonal sum estm~ated by mwtgagee to be equal to 1' 12 of the annual cost of the follow-
A-All real property taxes lev~ed or assessed ag~i•~ss ti,c above descri%,ed reat estate.
B-Prem~~ms on F;re and w~nds~am ~nsuracce as nere~n requ:red to be carried on ihe ~m~roveme~rs s:tuate on tho above described premises.
C-Premium= oii such mortg;ge guaranty ir.surr.~:te as mortgagee shaA frc.^~ tme ro rirne dee.m fit to carry on the loan setured hereby.
Mortgagee sha:l 'rom t;~~:e to t~me noiE~y mc~t~agor In v~rt~ng oF the a~~•o:.~~t d~e ard payabfe hereundrr and such sum s~ail thereupon be due arxl
;.,yable on she due da!e of ~h~ nnnt month.y pa~ment and each successive mo~th rne-eahcr untfl mo~tgagee sh311 not~fy.~po~pgor=of } change in such
:.o~nt. Such sums sha:i he app!idd by mo~tgay^•ae tov.a~d the pafinent of rea! property taxes, msurancr prem;vms,`a~i~d~1~Q`/gage 'guaranty insurance
n~emiums. ~ `
IN WITNESS ~ti'HEREOf, fhe sa~d MORTGAGOR has hereunto set h~s hand and seal the day and ar fir afosi ~ -
Signed, ~ed and ivered ' e presence of:
` / _ _ _
~r Seaf)
_ .~O . I t '
' ` - ($eal)
- - ' 15ea1)
_ Rosemarie A, ~or.ter= ~~a~~
S i A7E OF FLORlDA ~ ~
~JUNTY OF _ St. LtIC1P ~
1
Before me personally appeared .~0~1A .T • Porter
and
Rosema.+rie A. POIteZ h~s w;fe, to me we!! known and known to me to be
rhe individuats descr~bed in and who exccuted the foregoing instrument, and acknow;edged before me that they executed the'same fw the purposes
stierein expressed_ A~d the said Roseaarie A. porter
+~~{e of the sa~d ~ _ JO~UI J. Porter upon ,~,fieparete and priva~e
e.amination by me taken separate and apart from her said husband, ack~awledged to and before me that she executed said }Asl~umen!'ltcely and voluo-
a-~iy and w~thout any compu~sian, const~aint, apprehens;on, or fear of or from her said husband. .
Januar ' ~ 73
WITNESS my hand and ofRcial seal this__._~~ _ day of , A. •19
~G___ i . ,
t4otary Pu!~lic in a~d for ~tite Floiida targ~r
My Commission expires: ~ ' ~ -
Retum 70: . . . : O ~
First Federal Savings 6 toan Associat;on , ti~r f5~~ C/
Of Fvrt P~rce. . . - . a'~~l~lij'.....-.~,, .
Fort Piarce, Fiorl~+a . ' - , , ~ /I ~ . ,
~~~~~7~ -
This Instrument Prepared Sy ,)ohn W. Collitts ~~LED ~Np ri~CORDlp
First Federal Savings 8~ loan Association T•ROQi~ pOUNTY i~~~,
of Fort Qierce ~ Florida CIERK C~RC'~JjTRA$
~EGOaD Y~F'IF;~p ~OURT
~hecked By
13 l1 v~ P~'13
SO'J~~( ~~O QItCE SJ~
246335 ~ 4~ ~ ~
Y ' _ . '"Y~
~ ~ ~ . .
.
r~-~~~
~`~"~.ia~°`~ _ , L~'~ - ' ~ s:~
_ . ~•s`~.e