HomeMy WebLinkAbout0343 ~o plac~ •nd cnnrinvousty kcw on ~M b.,~!d.n~s nc.w w hereaitN s~w~t~ on sa~d I~nd and on a1t eqv~pmem ~nd ptnona~ly co,~e~sd by th;a mor~g•
y~, w~th ell pram~umi ~hereon pa~d in f„11, fire i~~~t~M~ ~n the usual aundud pa~ky fwen, in a ~vm appru~ed by the MORI`vAGEE, s~~d ~~nds~am
~~s~rance in t!x us.,al ~+a.~da+d po!.cy fam, in a sum approved by ~ht MORTGAGE~, in sucA company w cwn~a~~es as ~M MCRiGAGEE may
d~recr, and al2 i~r• and w~riderorm i~s,~anc~ pol,t~es on any ol said buil~.n~s, ~ny i~iRrest ~he~e~r: w part ~he~eof, in ~he agflrcga~e sum afae?a~ci w
in ~acrss ~hereof, al~aU conrau~ the uswl standud ma~pa9~e cl~us~ w ivch other clsws~ as tM Mo.~gages may ~cqu~rs, ~nal~~y thc ~css v~~drr se~d poli-
r.cs, each ar.d ercry, pr~ab~e eo sa~d MORtGA,~` E[ as its in~erest may ~ppea?, and each aod every i~,ch po~~cy shall be prompny ass g~~rd a+:d de~:.cr ~o
any held hy sa~d 1M1O~IGAG~E as iunler s~cu~1Y to as~d murg~Qa debt, a~id, not tess ~han ten (101 daYS in advance of the exp~+arton of rsch pol~cy, ~o dr-
:ne~ ~o sa~d MORiGA;3EE a rertewal thertuf, tope~he~ wi~h ~ receipt fo~ the p~aniv~n of such renewat; ~nd there shall be rr~ !.re or xf~~dsto~m ~nsvrance
plxed on any of sa~d build~~~s. any in~e~est therein or pa~t th~reoi, u~lcss in ~he fwm snd wifi~ tM luss payable as atcvesa~d; and io tne e~ent any wm
of rtaney ~ecomrs payabie u:idcr wcA po1Ky ar .wLc;es said MORTGAGEE ah.all have tl~e opt~on to recr:Yn and apply the ss:ne a~ accoun~ o( the indeat~•d-
oeu secuizd herrAy o: ro per~nil ss~d MORTGAGC)RS to rece:ve and use it or ary parl ~hrreof for otiur pvrpJief, v.~d~c~t ~h~r.o~ ..e~.+~~ e~ ~~~~p.:~~•
ing u.y eqv~ty, I~er+ or ~igM un.~ar or by viriw of this mo:tp~ge; and in tM even~ sa~d MORTGAGORS shal! iw any reason fa~l tc kecp ~he sa~d p~rmisrs so
msured. or hil ~e delive~ ~xomptly any of said policiss of insyrante to fa:d MORTGAGEE. or fail promptly to pay fu:.y any p emwm thtre!or or in a~r
~espea lii~ 1o perfwm, d~stharge, eaecute, effect, tompicte, canply with end ~bide by this covenant, a any part hareof, sa~d MOR7GAGEE may p:scr a~~o
pay fo~ u.ch i~sursnce w any parl the•eof w~~hcwt waiving a affectinp any opf~on, lisn. equ~ty, o? ~6~1,? under a by v;rwe of ~his Ma~gage. and ~hc
f„il amount of each and every suct: paymeM shall be immediately dut a~d payable and shall bear ineeeesl from the date thereof until pa~! ~i the rate of
n:~e pe. certwm per annum and to~ether w~~h such ineeros~ sha1~ be srcured by the lieo of this ma~gage.
To permi~, cor.~m~t or suffer no waste, impairment or de~eriorat~on of sa~d property or any pan the~eof.
S. To pay all a~d singular the costs, charges +nd expMSrs, includ~ng a rrasonable a±tuney's fee and custs of abstracts oi tiele, inc.~rred or pa~d a~
eny tin:e by wid MORiGAGEE, because ot in Ihe event of the failure on ehc part of the ssid MCRTGAGOR to d~ly, pramptly and fuliy pe~form, d~stharge,
e.rauia, effect, complete, comply w~th :nd ab:de by each and every the st~pulariona, agrermenn, cond~tiuns, and covenants of said p~an:asory note and th~~
:-~orrgage aoy w e~~he+, and sa~d aosn, chuges and expenses. each a+r.! every, snall be immed~a~ely due and payabie; wheehe~ or not rhere br r.or~ce dr
mand, a:tempt to colled or suit pend~ng; and Ihe fult a~nouM of eath and lYCry svth payrrKnt shall bear ioterest from the datc thereof unril paid at the
:.~!e nuie per canrum per annu:n; and all said costs, charges and exprnses incurred w paid, ~ogether r.~th such ime~eat, shall be secured by the t~en of th:s
r.:orrgsy~e. ~
6. That (a) in the event of any breach of this Mortgsge o? deisult on the part of the MORiGAGOk, or ;b) in rhe event any of sasd sums of money
herein refa~ed to 'x no~ promp~ly a:~d fully paid wi~hin th~rty (30) days neat after the same severalty becasie due and payable, wiihout demand or notice,
~r (U in the e~ent each and every rhe stipulations, agreemen!s, cond~tions and tovt~ants of sa.d promissory note ar~d ~h~s mortgage any d either are not
iu!y, promp~ly ar+d fv~ly perfw~:r_d d:xharged, executed, effecred, compteted, compl~ed w~th and ab~ded tiy, then in e~ther or any :uch ever.t tne sa~d ag
gregaie sum memioned in said promissory note then remaining unpaid, with inrerest aurued, and all moneys secured hereby, shatl become due and pay
en;e fo.~hw~th, or thereafter, at the oprlon of said MORTGArEE, as fvlly and completely as if all of the sa~d sums of mcney were a~g~na~ly sripu~ated
to br pa~d on sucA day, anythir.g in sald prom~sswy note M in this Mortgage to the con~rary notwi~hstanding: and thereupon or thereafter a: the opt~on of
s,:d MORivAGfE, without nohce w demand, suit at law a in equity, therefo~e or thereaher begun, may be presecuted as if all moneys secured hrreby
n.:~ ma?ured pr~o~ to its institution_
7. lhat in th~ even~ that at the beginnirx~ of w at sny time pending any suit upon th~s Mortgage, w to foreclose it, w to ?eform it, or to erfwce
paynent of any claims hereunder, said MORTGAGEE shall apply to the Gourt having jurisd~a~on ~hereof fw the appof~tment of a Rcceiver, such Court shail
rorthwith appaint a receiver of said mortgsged property all and si~gula?, includ~ng aIl and singular the irtcome, proF~ts, iasues and revenues from wh,tever
s: urca drrived, each and every of wh~ch, it be~rg expreuty unden?ood, is her~by mortgaged as ~f speulically xt (w?h and deur~brd in the g~anting and
'r,abendum dauses hereof, aod such Rcceivtr shall have all the broad and effettive funct~ons and powers in anyw~se eMrustrd by a Court to a Recairer, and
s_ch apaoin~menf aF:ali be made by i.xh Court as an adm~tted equ~ty ar~d a m~tter of absolute right to sa~d MORTGAGEE, and w~~hout reference to the
a.frquacy or inadequacy of the val~e of :he properry mor~gaged a to the sotvency a insolvency of sa~d MORTGAGOR w the defendants, and +ha~ such
r~-,ra, profits, inc«ne, issues and revenues shall be appl~ed by such Receiver accwd~ng to the ~ien or equity of sa~d MORiGAGEE a.id ~he pracr~ce ..f s~ch
Court.
8. To duly, promp:ly and fully perform, dixharge. execute, effect, mmplcfe, comply with and abide by each and every the stipulations, agreements,
conditions and covenan~s ~n sa+d promiss«y note and th~s m«tgsge xt forth_ •
9. That in t):e event the owner~hip of the mortgaged premises, or any paA therepf, becornes vested in a person other than the 11RURTGAGOR, the
NORTG:,GEc, irs successors and ass~gns, may, w~thovt notice to the MORTGAOfi. deal with such succeuor w successor in ~~terest wi~h refere~ce to this
~--.o*~gaqe and the deb+ hereby secv~ed in the same manner as with ~Aortgagw +v[thout in ~ny way vit~ating p dischargirg 1he Mwtga~o~s' liability herr
:.~der or upon the debt hereby secured. No sa!e of t6e premises hereby mortgsged and no io~bearaoce on the Ran of the ?AORiGAGEE w its s~ccessors
cr ass~gns and no ex~ens~on of the rime fw the psyment of the debf hereby secured given by the MORTGAGEE or its successon or ass~gos, a3~a11 operate
!o rNease, d,scharge, mod~fy change or affect the original Iiab~lAy of the MORTGAGOR hercin, eithe~ in whok or in yart.
tQ. It is spec~fically agreed thar time :s of the esscn;e of this coniraa and that no wsiver of a~y obGgatwn hereuncier w of the obiigatiw? sr
cured hereby shaU at any time tF~ereafter be held to be a waiver of the terrrw hereof p of the instrurrtem secured herby.
I1. tn add~tio~ to the forego:ng monthly payments of princ'pal and imerest required by the prom+ssory nore secured hereb~, mortgagar covenants
3~d agrees to pay to mortgagee wiih each monrh3y payment ar. add:~ionai sum estimated by mo:tgagee to be eqval to 1~ 12 of tne annual cos~ of the follow-
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A-AI~ rea! property taxrs levie3 cr assessed agai~sS the above descr~bed real estate.
, 6-Pr~m~ums on fire and v. idsto.m iasurar.ce as here~n requ:red to be carried on the ~mprovemeats s~tuate on the above described premises.
C-Prerni~ms o~ svch mw?gage gua~anty insurance as mortgagee sha~l from t~me ro Gmr deem fit to carry on the laan secured hereby_
Mortgagee shall from time to t~me notify mcrtgagor in writ~ng of r1~ amount due and payable hereunder and sucr~ sum shall thereupon be due and
~ a.:able on the dve date of the neat menthly payment and each successive month theree:ter ur.til mwtgagee shall nohfy morrgagor of a change in such
~ e:ev~t. Such sums sF.a:l be applied by mo~:gagee toward the paym~nt of real property ta:es, insurance prem:ums, and mortgage guaranty insurance
c~•e~niums.
IN YJSiNE55 WHEREOF, the wid MORTGAGOR has hereunto set h;s har.d and seal the day and year first aluesaid.
Signed, Sealed and delivSted in the pr~sence of: ~ ~
~ ~ ~ i C t ~ t C ~ . ~ it-.
Seal)
~ ' " (Seai)
r
~ (Seah
~ ~ - (Seap
(
Si::TE OF fLORIDA ~
St . Lucie
C:vi1NTY OF
Before me nonall ared h~bC~Tt L. Farmer a,~
~ y oPa
_ .~U~illta L.. ~ar~er his w~fe, to me well knnwn and kriow~ to me to be
t'~e indiridvsis desaibed in and who eaetuted the fotegang instrument, and ackrwwledged befwe me that they executed the same fo~ the purposes
rh~rein expressed. And the said ~Obert F'arr,er
~ Jvanita L. `'arr~er
s:;fe of the said ~pon a sepa+ate and private
~.am~nat~on by me taken separate and apart from F~er said husband, ackrowledged to and before me that she executed said inatr~ment freety and vclurr
~ ~a•:~y and without any computsion, constraint, apprehens;on, or fear of or frsm her said husband.
~ WITNE55 my hand an/ off~drl seal this lbth _ diY Febrsa ry A p: ~p 73
~ {-tr C ~C! 1~_~ 4!~'--~ ~1` '1./.'`r/
a ~ J etary Public in and for the State oi7flor~da~l~ rge~
i .
~ ~ j ~My Commission expires: : ~ .
Return ~o: `
~ ~irst Federal Savings 3 loan Associat~on ~1WY PUBUC. ST1tif ofcFIORIDA tf FARGE
a 'N' CO'..~:1_~.~~, ~IP,6S P.~C. 29R-19t5
Of Fort P:erce.
:%c.,t._~: ~,~.;.~:ai!;-.::r'e~UnC~r'4LlKi.
for! P~erce, Flc+rid~ ~
~ FILEO ?yn BECQRDEO ~ . ' ~
~ ST. lUC1E COUyTY fLA. ~ ~ - • - ' '
r~OCE"r. : ~ TRAS ~ . •
~ CIERK C: ;CUIT COURT ~ ~
~ This lnsfrument Prepared F,y Jon^ W. Collirs ~ECO~tO vEP.`~,E~~1 ,
~ First Federal Savings & Loan As.ociation
~ of Fort Pierce ~ F> > r i c:-+ f~d ~ 6 3 3s PN ?3
~ ~~r
~ Checked BY ~~A~O '
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