HomeMy WebLinkAbout0114 Ta p'ace sn6 contirfuously kesp on :Fk ~u~'J~n~s now oi t.e~c~rrer ~~f~,,te cn a~.o .and artd on all rqui~~nc~t ~nd ae.sonaNy Co~rrrl by N~i! a~orrg
s~s, w~tA all premwms ~h.-rcon pa.J ~n fu~i, f.~e ~nsuranre in ~he us~a1 s•enierd y,v'~:r ;orm, ~n i sum apwoved br ~~Q MO~~GAGEE, a~~d w~.Wsro.m
:nw~an~~ in tM us.,al s~s~aard po~:q fo.m, in • svm ap~w.ed by the MORTGAGfE, in s:,~h ca~pany or co.Tpan,es as J?k MORSGAGf@ may
d~rect; aod a)1 (;r~ and w~nds:or:n insvranc~ ~ot~c;es oa ~ny of sa:d l~u~id~~gs. •ny interest ~hetein or par~ ~fierecf, in th~ •ggregs?c wm afaesald or
in eaceu tAereot, ~hsll :onr,~~n ~hQ usu.+l ~ta•~dard mo~t~a9ea cl~use c.• such u~Fur Nauu ~s the A1o~~gagee may ~egu•~~. ma?in~ tne ~as~ undrr sa.d po+i-
c~~~, aach ~nd ~very, payab'a to satd tit~R1GAGEE as ~r~ Interest msy appear, and cach and e•:erY i;,ch po ~cy ahil~ be p~ompuv ass gned snd de~~.er<d ~o
sny I~eld by said MQQ'GAGfk ~s (vrther sccvr~ty ~o is:d r~w~y~age drbt, and, nat ~~ss than T~n (IQ) oiays in adva~xe of the eap~ranon of cach policy, to de-
Gver to said MORIGAC•EE • r~newal ~hereof, t~eti»r with a r~ce~pt (w rh~ pr~mi~m of tu<h renewa'; r:,d the~e shaii Ds ~+o f~re a w~~»iie~m i~sura~ce
F~~~d on sr.y oi ~~id b~,ild~nps, any i~tutst thcre~rt or ps~t thereof, unless in ?h~ fcrm and w:th Uu Ioas {»yable as atwe~a~d; ~nd io the event aoy s~m
of mor,ey becomes pa~ab~e undar auch po!~cy a pol•ues ss~d MORTGAGEE shjll have tha opr~on to cccr~.r a~~d sppiy ~he same on accovnr of ~M i~xia!,rrd~
nass seco~ed hereby c~ to pe~mlt ~~d MORTGAGORS tp rcteive and uae it p dny part tnr~cof to~ o:nc~ pu~poses. .•,:1I~J~71 ~h~~. n f ~va~.1~~3 a~ +~-.pa~~-
:ny any aqv~ry, I~en a ~~~h~ u~,de. « b~ virtw of ~hi~ mertpage; ~nd in ~i~c evcnt si d MORTGAGOR~ s!~atl fa •ny raason tail to keep ~he sa~d p~cn,~ses so
«uu~ed, w fail !o deiive. p~omptfy aoy af said pOf.c:es oi msursnce to sid MORTGAGEf, or fai: promprly to pay fuily any prr~~i,.m tFxreta o+ in any
respea fait fo periorm. ~J~scharge, execure, effep, complece, canply wi~h and ab~d~ by rh~s covenaro, a ~ny p~n haeaf, sa~d Mli~iGACEE may place a~w
p~v f~ such inauranc~ x any parf ih:rrof .~;.hou~ w~ivi~g a•ffec~i~g any opt~on, li~n, equ~ty, or r~~hr u.~l~. or b/ v~rt~e ot rh~s Ma~qage, and ~ht
1u~t +rna,ro ol each and ev~ry such paymant slull be ~mmed~aceiy dve snd payable and sh.? brar interes~ from tM date thereof w~ 1 pa~d ~t the ta=e ol
~~.nr pe? cent~m pe~ a~nwn and t~erhr~ with auch inte~est aha~i be secu~ed by the lisn of th~s mortyage.
1. To permi!, comm?t er s.f(er no wsste, impairment or deter~crat~on of said propr.ty a any ps.1 there ~f.
5. To pay all and singular the coats, charyes snd expenses, ~nctuding a ~easonsb!e attorney i fe~ +nd casrs of ab~•.acb o1 t~rte, incuned o~ pid a~
~ny time by ss~d MORiGAGEE, because or in t~• evrnt of ihe fa;turs on +he part of the •a~d MORiGAGOR 1o duly, promprly and f~lly perfprm, d~scharge,
~xxute, effect, complere, comp!y w~~h and ab:de by each end every ~hr stipu~a~ ons, agrecmenti, con~~tions, a~d covenants of ss~d promiisory note and rhls
n:o ~gaqe any w e~rhe~, and sa:d cosn, charyes a~+d exFcnses, eacb and evcry, shall be immedutely due ~nd payabte; whethcr or not fhrre be nonce de
mand, artempt to collecf or suit pe~d~ng; and the fvll amount oF each snd e~e~y iuch payment shall Dear interef~ from the dat• the:eol unGl paid ~t the
o' r...•' }~r =-r:rsn: a[' se~~j _=s?t. :~a~er~ e^~± rKf••~s~s ~..__r•td ~ar•± •_a••!~.• .r:!h :_tih e~~r~f~. xhaq be sec~n+o by ~M Gen of th:~
mor ~g age.
6. Thaf (sy in the avero of any brexh of this Mortgrge or defa~I~ or~ the part of the MORTGAGOR, w(b) in the avent sny o1 sa:d sums of money
herein r~fentd to be not promprly and fully paid wi+hin th~rty (3p) days neat atter the ssme severalty becoer.e due and ptysble, with.wt demand w no~ice,
or ~c) in tY~e ~ven1 esch and every the st~p~lateons, agreemenn, conditions and covenants ot sa~d prom~swry note and th~s morl9age any p~ c~the~ are :w~
i~Iy, yromptly Md fully performed, d!uharge.d, executed, effccted, compteted, complied w:th and ab~ded by, then in e~tF~er or any such evant the sa~d eg
a~egat~ wm me~tioMd in seid promissory rtote thtn rernaning unpaid, with interest sc~•ued, and atl moneys srtured hereby, sh~ll betome due a~~t! par-
e~:e tathwith, w thereafter, at the opt;on of sa:d MORTGAGEE, as ~utly •nd completetp as ii ail of the sa~d sums of money were or~q~nslly snputated
~o br pa~d on such d.y, anything in sa:d prom~siory note or in this Ma~gage to the cc,nrraryr notw~rhsrand~ng; ar.~ ~hcreupon w theresfter s~ the opf~on of
sn.d MORTGAGEE, witFuut norice or demu+d, suit at law w in rq~ity, the~efo~e n- thereafrer begun, may be p~oaecuted as ii all moneyi secured hercDy
r.~d mawred prwr to its institution.
7. Tha1 i~ the event tMt at the beginn;ng of or at any time pending any suit upon this !'Aortgage, or ro Eoreclose it, or 1o refo~m it, o~ to enfores
,aymcnt of iny c:a~ms he?eunder, said MORIGAGEE shall apply to the Court having jw~s~~crion thereof iw tM eppo~ntmeni of a Receiver, such Cour~ shail
ro:rhwi~h appoini a retciver of said mwtgaged ~sioperty atl and sirpular, inciud,ng aIl and aingu~ar the income, p~of~ts, issues and revenues from whatevEr
s~ur:e derived, esch ~nd every of whKh, it be~~q exp?euly unde~srood, et hereby morrgaged ss if speuficalty sN fwth and describcd in the gram~ng and
habcndum ctsuu~ hereof, ~nd such Receiver shatl Mve aH the broad and efiect~ve func~:ons ano powe~s in anyv~ise emrustEd by a Court to a Recei~er, ~nd
c_ch appo:ntment s~sll bc rosde by such Co~rt ai an admiited equity and a~r+atter of ab:of~re r~gh~ to said A10~TGAGEE, snd w~tAout reference to tne
a3equaq a inadeqvacy of ths value of the properry mongaged or to the so vency or ,n:o~vency of sa~d MORIGAGOR or the defrndants, and ~ha~ sucfi
re~n, profits, income, iswei and revenues ahall bs applied Qy swh Recewer ac~ord~ng ~o tha tien o~ equity of said MORTGAGEE and the practice oi sucA
Court.
8. To duty, promptly and fulty perfwm, d~xherge, execute, effea, complete, comply with z~d abide by each ~nd every the stipulaTions, agreemeots,
:~^diticna anci covena~a ~n as~d prom7ssory note and ~h;s mwtgsgs set forth.
9. That in the event the ownersh~p of th± mortgaged premise~, or any part thereof, becomes vested in a peryo~ other than the R10R7GAGOR, t1+i:
h'•ORTGAGcc', i~s auccesson and ass:gns, may, w;tPwur no~:.e to the MORTGAOR, deaf with s~tih successor or successor in interes~ w~~ic rc(ercr.ce to thia
~~ortgege and the debt hereby setured in the same manner as with M.artgagor w~thout in any wsy vinating or d;scharg~ng the Mortflaqori liability h~rr
:der a uron the debt hereoy secured_ No sa~e ol ~he prem~se~ hercby morrgrged ar.d no fozbea.ance on the pa.t of the /~fORiGAGEE or its successors
or assgna and no exrensio~ of rhe r;me for the p~yment of the dab+ here6y sccurcd g~ven by the MORTGAGEE o. irs s«ccessws ar ass~gns, ~tiai! operate
ro release, d~xharge, modify change or aff~ct the origina! l~ao:~~ty of the A1dRTGAGpR F~ere7n, either in whole cx in part.
t0. It is specificatfy agieed rha~ t~me is of the essence of th~s contra_t and that na waiver of any ob:~gat~on hereunde? w of tM obligatian sr
;~red hereby sfiaii at any tune thereafter be hcld to be a wa~ver of the terms hereof or of ehe instrumem sccured he~by.
; 11. In ~ddnio~ to the fwego'„y ~non:h!~ Ya;me^ts p~i~cnal ard inreresr reg~;red by rhe prom;ssory no!e sec~red heret~, mortgagar covenan~s
i ~nd agrees ro Yay to a.o~tgagre w~rh each rr.omh~y pay~aent an add~c~onn: s~m est:-nared oy mi,rt33yae to be equai to i 12 of rFe annual cost of the fo~;ow-
( ~r:y:
f A-Ali reai property taxes le~~e.a. e• assessed ayai~st the aoove describPd r~jl estat..
d-Premiums on fire and ~xir.dstorm insurar.ce as he:ein :aqv~red to be ca~r;ed on the :mpro~eme :'s s~t~ate o~ th= above dencribed prer-~~ses,
C-Premiums on su.h mortgage guaranty insurar,ce as mo~rgagee shall frorr tme ro t~me deem fit to tsr:y on the I~an sacured hereb~.
Mo~tg3gee s!~ai' lrom r~me ro r:m.e r.pt:fy mcrtgagtr sn w•;t~ng of the a.r.auat d~e and paynb!e hereunder and such su~+ ahat; thereupon be d~e a-~d
Ij +.ab~e on the d~e aa!e of the next monfhly "payment and each successive month thereaf!4r ~ntii mortgagee shall rtotify morsgagor cf a cfiange in su_h
~ _ ;:.,nt. Soch :~ms Sha.i be a~y'ied by morty3~ee to+~a:d tne pay:r.ent of rea~ p~operty taxes, insuranc~± prem:ums, a:x! mortyage gvaranty insurance
! emwms.
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~ IN WItNESS 1hH~REOF, the satd MORTGAC,QR h~s hereunto set his ha~d snd seal she day ar.d year first aforeu~d.
~ S~9nsd. Sealed and ~iMed ir~`itF.e presenct of: ~ 7
i . t r1~7i%~J,it~/'~~ .C~-'~~~~.t-~ rSeaO
f ~;_T._ L(_',..~ ~ ~ ~ Bernard :2_Alexander {~ai)
~ a > ~ .
i a~>
i ' ~ CE ~ ~..?_.~v <.~,L~ , •teaq
~ - `~~edw g~.~Alexan er
;'a7E O~ FIORIDA /
€ St. Lucie ~ - '
f ~ ~UNTY Of ~
I s~r«~ ~~~:o~,auy appeared 8ernard R. Alexander _ s~
HeC~iN1Q L Alexander his wife, to me wel~ known and krown to me to be
rhr irtdiridaals desc+ibed in and who lJtYL't~ !hr foregoin~ instrument, s~! scknpwtedged befwe me that they exec~ted !he same for t}~'qurpoaes
Hedari L. AiQxander
therein exFresxd. And the said-- g -
W;+~ of ,d;d Bernard R. Alexander r~~ ~ •
uporti~~e~~ts.~d ~privst~
e~am:rat:on by me takan upa+ate and apari from her said h~sbsnd, ackraw{e~ged to and before me that she e:ccuteci said irst~uwlsnt ~e*ty aAd `volun-
•'3,-,ly ~rsd w;tlwut any co.mpulsion, co~strsint, apprehens:on, or fesr of w froeh hei wid h~sbsnd. • •
~ ~ ` t' ~
~ V!)iNESS my hand and offiual sea3 this asy of_~_¢F~,Q.bZUs'!Ty _ A~ ~
! ~ 1 ~ t r. '27 .
j : Notary P~b~ic in aM1d tor tF.~ Sts~e of',~bti~at l~r .
My Commi~sion tzpires:•~/ \i 1 ~ ~ "
Retum 7e: ~l 1 , ~f ~1. • ~ . •
' • ~~F
; first federsl $avi~,.rs 8 ioan Asfocut:on ~/~~Q/Ln ~ '~'J CT~j ~
' pf Forf P arce. ~`3 V7[~ . j, fl~~,~
l~n~~..,.,..
I
~ For. v.z.ce. F~c~;da FILED Ah: F!ECORDEO
I St LU~I~ r-04?!!TY FIA.
; AOGEn ?JtTR!?S
~ CtERK ~ ~:.8~ ~ COUa7
This Instrument Prepared By Gary F. Ellwood AfCOi~C Vt: '=tE~~.,.~---
First Federal Savings E Loan Association ~ ~
of Fort Pierce , F 1 o r i c;a fEd 3 iz PM T3
lt 4-
Checked By G~ ~
!
i
^ ~ ~1t;F
3~~J!t sb
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