HomeMy WebLinkAbout0943 3. Te place and ccro~nuously terp on tM bu~:d~~s now w hrreafsa~ uw~~e ~v+ said Iand r•~d on all eq~~pms++t and Mrsona~~y cover~~ by this mortg-
age. with all premium~ ~hercwn pa~d in tvQ, f~re ins~~~r.c~ :n the usual s~aniard poii:y bo~m, in a s~m ~pp~oved bY the htOit+GAGEE. and w~ndsr~m
iowranc~ i~ tAe us~al ~r~ndard pot~cy fam, in ~ sum approved "oy th! MORTGAGEE, in such vxnpany w compa~~ef as the MOR:GAGEF ~B+y
d'ueU; ell iire a~d w~r+dse~m insvrar+ce polK~es on a~y oi sa~d bv+~d~n~s, N+y inrerest ~he~ein or put thereoi, in the agg~egrr~ sum aforesa~d a
in exceu ~hrreof, shaU contai~ N+e usual srandud mor~yapa~ claui~ o~ such o~he~ ctauss ai tM Mxepayee may •eqv~re, maaug ihe ,ess v~~dsv se+d poli- '
res, each and cve.y, par~t+'.e ro:aid M~~RIGACEE as ~rs ~nte~eit may ~p;xa~, a~ avch and every such po!~cy shaU be pr~nptly au ynrd u~d d~~~Yai..-ci ~o
•ny held by sa~d M021GAGEE as ~~rthx sec~ri•y ta ssid ~norty+ge debt, and, oot 1eu 1~sn ten (10; days in ?dva.ue of ths etpiret~.x~ O~ eich po!~cy, to dr
liv~ ro uid MORTGAGEE a:enewal ihcreof, ~oge~FK. wi~h a recc~pt lur the p~emium of such renewa`; and ~here shall be no i~re or w~~~dsto•m ins~ra:+ce
placcd on any of sa~d Suildi~+gs, ~ny intcrest ~here~a a par~ ths~eof, u~leu in ~he fo~m and wi~h tIN tou payable as aforesa~d; and in the e~eM any s.m
of Rw~+ey txcomes payable undcr such potiq a polK~es said MORTGAGEE shall have tl+e opt~on To receive and apply ~he same on accou~v of the in.lebr~~d-
ness aecvred hereby or ro permft said MORTGAGORS ~o receive and use it o~ any pa+t ~hrreof lor eaikr Hwpoirs. .r.~no.:t ~h:•.o. .._~.~~9 0~ ~~~p~~~-
ing any equ~ty, lien w righ~ ~ndar a by virtue of this mo:tqage: u?d in Ihe even~ sa~d MORTGAGORS shall fw any reason fail to keep ti~e sa~d p~cm~s:s so
inw~ed w fail 1o de~iver pranptly ~ny ot said pol~c+es of insuruxe to uid MORTGAGEE, or fail p~anp~ly to pay f~lly any pre.=~~um therelor or in a~y
re;pect fail ro pe~torm, d~scha+ge, execvre, eifeu, complete, ca~r:ply wi~h and abide by th;s cove~ant. o~ any par~ hereot, sald MGRTGH"vEE may p~acr a~~d
pay for ;uth inswsnce or any nart thereof withoul waiviny or af(ettinp any option, lieo, equ~ry, w right under o~ by virrue of Ihis Mor~gage. and the
iull amounl of exh and e.ery sucA paymrnt shalt be immeaiately due and payabie and sMlt bear interes~ 1ror.~ ihe date thereof un~il pa~d a~ ~he rate of
n~ne pt~ cantum per ann~m and to~ethrr with such interest shali be securcd hy the lien of this mwt~ags.
To permit, commit or s~ficv no waste, impairmxnt u dete~oratan of ssid property w any psrf thereoi.
5. To pay all and singuiar the costs, charges and exprnses, including a reasonable ~naney i iee and cosrs oi abstracts of t~tle, i.,currad o. pa~d ar
~ny time by sa~d MORiGA'ufE, because or in :he event of ~he fa~lure on ~he part o( ~he said MORTGAGOR to duly, prcmptly and fu41y perform, d:scharge,
a:ecute, efiect; complete, comply w~th u+d ab:~e by eacfi and every tl~e stGpulaf~ons, +g~rements, con~~iions, ~nd covcnants o~ sa~d promi:sory note and ~hls
mor~gage any w e~iF~v, and said cosn, charges and expcr+ses, each and eve~y, shall be immed~at'ly due and payabte; wfie~her or nor fhe:e be no~~ce da
mand, attempt ro colkst w suit peod~ng; and ~he full amount of each and every such paymc:+1 shail Sr~r ineerost from ~he dare thereof unril paid a1 ~he
r3re os n;ne }xr centum per an,~~v-.; and a{I taid costs, chargts and exornses incurred or paid, togethe~ wah such interest, shall be secured ty the i~en oi th~s
mortgage.
6. That ~n the event of an~r breach of this 1~lwtgage o% defoult on tFr part of the MORTGAGOR, or (b) in the event ~ny o( sa~d sums of nwney
herein :eferred to be ~ot prompt~y and fully pa~d wi~hin th~rty (30) days nea~ ateer the same severolly become due and payable, wi~how demand or nonce.
oa (c) in tha e~rent each and every ~he stipulatans, agreements, conditans and covenanfs ef sa~d prom~ssory note and th~s rnortgage any a either are no~
~uly, prompely and (uiiy performed, d~uharged, e+cecuted, effecred, completed, comp:~ed wi~h and abided Sy, then in e~ther w any such eve~t ~he sa~d ag
g.egate wm mcroioned 'en said promtsswy note then remaining unpaid, with interesl accrued, and atl moneys secured hereby, sha11 become due and pay-
abte faehwith, or ihereaher, at fhe oprion of said MORTGAGEE, as fully and compteiety as ii all of ~he sa~d svms of mooey v~rere ong~~aJy supuiafed
to br pa:d on such day, anything iri sa:d prom:ssory note w in thia Morfgage 1o the contra~y not.vi~hstanding; and there~pon a thereafter a~ the o~~~o~ of
ssid MORTGAGEE, w~thou! notice w demand, wit at law er in equity, therefwe or tl+ereafter begun, may be {xosecutet! u if all moneys secored hereby
had rruwred pnw ~o rrs ~ns~itu~wn.
7. That in the event that at the beqinning of or at any time pending any svit upon this Mortgege, w to foreclox it, o? to reform if, or to enforca
payment af a~y claims hereunder, sa~d MORTGAGEE sfialt apply to the Court hav~~g jur~sd;c:ion thereoF fw the appoiroment of a Receiver, such Court sn_II
Fw~Awith ap~o~nt a rece7ver of said matgaged property all ar?d singular, includ~ng all and s~ngular ~he income, p+of~ts, issues and revenues from whatever
source derivtd, each and every of wh:ch, it be~ng expressly u~derseood, :s hereby mor~gaged as ~f speuficatly set fwth and deur~bed in fhe g~anr~ng a~d
habendvm clauses F+ereof, and such Rcceiver sfiall have all fhe b~oad and efiecri~e fu~ct.ons and pow'~f in a~yw~s~ entrusted by a Cou~t to a Recr~ve~, ar:d
s~ch appc~ntmen~ sha~i be made by such Court as an sdmittcd equ~ty and a matter ai absolute ~:ghr to said MORTfiAGEE, and w~thout reference to the
adeq~acy a;~adequacy of the vsl„e of the property mortgsged or to the so~vency or ~n:olvency of sa~d MORTGAGOR a the defendanrs, and rhat s~ch
re~~:, profits, inc«ne, iuues and revenves ahall be apptied by such Receivcr according to t1u li_n or equity of :aid MORTGAGEE and the prau~ce of such
Court. •
8. To duly, promptly and fvl!y {Krfwm, d~scharge, execute, effect, complete, comply wi?h and abide by each and every tne stipulations, agre.:T~nts,
conditans and covrnams in said promissory note and this mortgage set fath_
9. That irt the event the ewnership of the mortgaged premises, a any part thereof, becomes vested in a pe+son other than the ARORTGAGOR, the
MORTGAGEE, its successws and au~gns, may, wi~hw,t no+~ce to the MORTGAOR, deal wi~h such successw or successor in interest wifh refercnce to this
mortgage and ihe debt htreby secured in the same manner as with Mortgagor w~thout in any way vit~ating w d~scharging the Ntortgagori liability hue-
under or upon the debt he~eby sec~red. No ssle of the Frrnises hereby :nortgaged and no forbearance on the pa~t o( ?he NI.'~RTGAGEE or its s~ccessors
or ass:~n: and no extensian of the time fw the payme~t of the debt hereby setured given by tfie MORTGAGEE or its successor~ o~ auig~s, ahall operate
to re:ease, d~scharge, mod~fy change or affect the orig~ra! ~;lity of the MORTGAGOR here~n, either in vrhole w in pa~t.
10. It i: spectfically ag~eed ~hat Nme ~s of the cssence of th~s contract and that no waiver of an~ obl~gation herc.~nder w of the obtigatan se-
c~red hereby shall at any ~ime thereafter be held to be a wa~ver of the terms hereof or of the inser~ment setured herby.
1 S. tn add.t:o~ ro the 4wego ng momh!y payments of p.inc'paI and inrerest required by the prom:ssory ~o~e secured hereb~, mortga~or covenants
and agr~es to pay ro mortgagee w~th each month:y payr :ent an add~rionat s~m esumated by mwtgagee to be equal to 1;' 12 of the annual cost of ~he foliow-
A-All rea~ prope~ty taxes lev~ed or assrssed against the above described real estate_
C B-Pren:~ums on fire and windstonn ~nsurar.ce as herein requ.red !o be carried on the improvements s~tvate on t!w above d:scribed premises.
I C-P~e~-~~ums on such mortgjge guaranty ir.surar~ce as mongagee sha{I from time to t~me deem fit to carry on the ban sec~red hereby.
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1~lortga3ee s~ai! from t~me to t~rw notify mortgagor in wr~ting of the amou~t due and payable hereunder and such su:n shai! thereuron be due and
Fayabte on the due date of the next moathly payment and each successive :*+onth thereafrer ur.til mortgagee shall nor~fy mortgayor cf a change in su:h
amounr. S~xh sums sF.a~l be appiie~ by mortgagee toward the payment of real property taxes, insurance prem:~ms, a,id mQrtgage guaranty insurance
p• rmiums.
IN \~ITNESS YdHER~OF, the sa+d l.{ORTGAGOR has hcreunto xt his har,d and seal the day and year first aforesaid_
Signed, Sealed and deiivered in the presence of: /A
+ y ~L A~~
_
C.t t- ; 'l- _ ! ~ 1 • . (Sean
_ / ~ (Seal)
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' - (Seal)
SiATE OF FLORIDA
St . Luc i e
COUNTY OF 1
6efore me perso~ally appeared ~'11C11a@1 C. Taylor and
,Jtldlt~l Taylor his wiie, to me well k~own and known to me to be
the individ~.aTs dexribed ~n and who exqcuted the fuegang instrument, and ackrwwledged before me that they executed the same {or the purposes
thcre7n expressed. And the said ~dith ?aylor
wife of the said Michae2 C. Taylor upon s xparate and prirate
exam~nat~on by me taken separate and apart from her said husband, acknawledged ro and before me that she exetuted said instrwrlnt fie~ly and vo{~urt
~ar~ly and w~thovt any compulsion, constraint, apprehens~on, w fear of or irom her said husban~ i' j. '
WITNE;S my hand and offiual seal this ~
i~~ day of ~ti ~~~-t ~ ~ L!<< '~l / / ~ -A: •Ll •j
, ~ ~ , " ~ ~ ' ~ i ,
~ ~ f. Cl_ ~1.~~ '
Noiary Pubtic in and for tF~e S~at~f " a at gw .
My Commiuio~ 2:pires: ~ ~ . `J : _
Return To: NOT~.FY.F~1}9' jf: $iMr~ ~;FLOP..'T~ +~t (ARGE
First Federal Savings 3 loan Pssociat;on ~!Y C:~'~jSS;J~i k`~i~~ 'J{Q, 24. 1975
Of Fort P~erce. a " r :,.~ce_Rnt:,~~r.~n.
• ~
fort Firrce, Flcr~da j~ ' . •
, i ;
f l6~1i ; :~nDE~ ~ ~ .
f1:bll~~t .~„NiY Ft -
This Instrument Prepared By John iV. Col lins Af"~' ~?s6 ~
Clfk`. :~s' CGUBT ~
First Federal Savings 8 Loan Association F, .;~"C'
of Fort Pierce Flo rida ~f
f4~ _ ~ f~e ~3 4 ia PH'~~
Checked BY .
~ z~839s
~ ;S -
~ ~LRK 2~i ~a~E 943
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