HomeMy WebLinkAbout1519 To pisc~ and cont~nuously keap on thc bu~'d~ngs now cn c~rr.+f~er s~wstr on sa:d land and on atl equ~~xnrnt and prrsa~a~ly covered by ~ti~s mx~g•
e~y~, w~th ail prern.ums ~he~eon pa•d +n fu!!, f~~e insurance ~n the .,s~st ira,vlord po~~cy fo~m, in a wm apwovec by ~F++ MOR~G~~GEE, a~~d w:nds~wm
~n~wanc~ in IM ~s~al s~a~ulerd ~at.ty iwm, in a sum apfxoved by the AIORTGAGEE, M s~ch co~Tpsny er compames as thc MORiGAGEE may
dheu; and ail fir~ and w:nd~torm inaura.+ce po~.cKS on any of sa~d E~~~d~ngs, any iaterai~ there~r or part thereof, in the aggrrQa+e wm afaesald a
in exuss tF.rreaf, shail ca~ra~n ~he usual sea~xlsrd morrgagee c:ause a such oiher dause as tAe MortLagee mey ~equ~rt, making ~hr tou unde+ s~~d po~~
c~es, ee:h arv1 every, payab:e to ~a~d MJRIGAGEE aa ~ts m~a~rs~ nwy appear, ux! each and avery svch po'~.y ~?~au b~: pro~lp~:y ass q~od a~~d dc:~~rr~~ ro
any Aeld by sa~d MOR(GAGEE at further sec~~~ty ro saiE monyage d~bt, and, n~t les~ Ihan ten (101 dirs in ad~:a~ue af the eapi~tt~an ol e~ch politr, to d~-
l~ve~ to sa~d MORTGAGEE a ra~ew~l thcrcof, iogctM~ with • rcce~F~ for the p~Nnium o( such ~e~exal; a~~d ~here sha'I be ~w t.re or w~~~dsfo~m ins~rsnce
ptaued on ~ny of sa~d twild~ngs, any inte:ett tnerem a part tF~ercof, unless i~ the fcrm a~+d w~~h the loss pay~bte as atorcsaid; +~d in ~he event any sum
of money beco~r.es payable unde~ wch politY o~ pot~cies ssid MORTGAGEE ah~ll Aave ehe opt~on to receive a~x! apyly ~ha same on accounl of Me i~~ci~~tr.~d-
ness set~~ed h~veby cr w p^:ml? sa'd MURTvAGORS ~o rtcrive and use it a any part thrreof for osi~_r pwtosrs, v.:t1i•..,t th:•.c.r ~v.;~.~:~ o~
~ng any eqv~~V. « r~qM under w by virtue of thls ma tgagr, ond in ~he event sa:d MURTGAGORS sha~~ ta any reason (ail to iceep ihe sald prem~us so
insured, or fail to de~~ver p~omplly any of sa~d po~kirs of insurance Io sa~d MORTGAGEE, or iail prompdy ~o ;wy fui!y a~y Fre~»~u:n rherefcx o~ a~y
respect fail b pe?(orm, discherge, execura, effeu, con~plete, comply wi~h and ab~de by this tovenant, or any par~ ha~eof, sa~d MGRiGAGEE may p~ace a~~~
pay for such insurance or any part thr~eof wirhout M~iving or affe:ting any op~ion, lien, equity, or right under o~ by v~~tue of th~~ hlo~cgage. ~nd fhe
tull amount of each an.~ every such payrnrnt shalt be ~m~ned~ately due a~+d payable and shaN Eear ~~teres~ f+om tha date ?hrreof until pa~d at the ra~e ol
~~ne pe~ czntum per annum and to~r~hcr with wch interest sAai~ be s.:cured by the lie~ of thia mortgage.
1. To permit, commit a suf~er no waste, im{»irment or deterioration of sa~d prope~ry ot any part the~eof.
5. To pay aIl and sing~tar ~he costa, charges sr+d expcnses, ioduding a reasonable attwney's fee a~d cosrs oi abstracts of title, incurred w pa~d at
~ny time by sa~d MORTGAC:E, because w in the event of the failure an the part of the asid MORTGAGOR to duly, praTptly and ful~y pe~fwm, d~scFurge.
e<ecure, effect, complc~e, comply wnh and ab:de by each a~d rve.y the supu~a~~ons, ayreements, tonditions, and tovtnants Of sa~d pran~ssory note a~:d ih~s
.rortgage :ny or e~the~, and sa~d cosrs, charges and eapenses, esch and ev.wy, shail be ~rr:mediately due and payab:e; whe~fier w not ehe~e be noc~ce d~
mand, attempt to coltcct w sui: pcnd~n9; and t1+e full amount of each and e~ery suth paymrnt shatl bea. in~eres~ irom ihe date thereot u~til paid ~t the
r.,rr of nlne ~xr crnt~m E,r~ a~~n~.n; ~~xl oil w3d costs, d~a~g~s aod eapanses incv~rrd o~ pa~d, rogeiher w~th such iroeres~. shali be secured by the Grn ol th:s
r.iottg~gl.
6. That (a) in tix event of any breach of this Nb~rgage w default on rhe part of the MORTGAGCR, w;b) in the evcY+t any oF sa~d sums of ma+ey
herein referred to be not prwnptty and iully paid with~n thuty (30) days ne:t aft~v the same severa'ly beco~x due and payable, without demand o~ no?i~e.
or (c) in the event each and every ~he s~ipu:ations, sgreements, co~d~tia~s and coverwnts o! sa:d promiasory note and +h~s rtwrtgage an/ or e~~her are nol
i~.y, promptly and fuliy perfo•med, dacharged, executed, eifeceed, compteted, compi~ed w~th and ab~ded yy, then ~n eaher or any such event Ihe sa~d ag
~regate sum rt+eMioned in said promissory note then rr-na~ning Vnpa~d, with ~n~e~esf accrued, and all nwneys setured hereby, shall tetome due and pay-
ab.e forthwith, o~ th~teafter, a~ tAe opr~on of said MORTGAGEE, as tully and completely as if al! of the said sums of money ~vtre wg~nalty u~pulated
to be pa~d on such day, anything in sa d prom~sswy no(e or in this Mortgage to the co.~rrary notwi~hstanding; and therevpon or tFxreafter at thr op~~o~ of
sa.d MORiGAGEE, w~thout no+~ce w demand, su~t at law or =n equ~ty, therefore or ~hereafrer begun, may be prosecuted ss if all moneys secured hrreby
n~d matured {u~w to ~ts institution.
7. That in the evenf that at the beginn~ng of or at any time. pend~ng any w~t upon this Mortgage, or to fweclox if, or to reform it, or to enfcrce ~
paymMt ol any C:aimt l+e~eu.~der, sa~d MORTGAGfE shal~ epp~y ro the Co~rt having jurisdktiun thereof for tke appo~ntment of a Receiver, such Covrt shall
fc:thwith appoint a receiver of said mortgaged proprrry a'.I and singwar, indud~ng att and s~ngular the ir.come, pro(as, iuues and revenues from whatrver
sev*ce derived, each and every of wh~ch, ~r being expr.,sly understood, is hereby marfgaged as if speaf~catly set (onh and desu~bed in the g.aroing and
h~i;endum daoses hereof, a~xl such Receiver shaet have aIl the broad and effec?i~e fu+~cnons and powers in anYwise entrwted by a Cocrt to a Receiver, and
s_ch appoinrment shall be made by s~:ch Co~~t 2~ an ad+nitted equity and a matter of absolute ~~gnt to w~d MORiGAGEE, and wirhou~ reference to tbe
a:.~equacy w inad.~quacy oi the valve of the properry mc.tgaged or to the so.rency er ~nsolwen:y of sa~d M.URTGAGOR or the defecdan!s, and !hat svch
r,~n, profits, income, issues and ~evenues shalt be appl~ed by wch Receiver ac:ord~ng to the lien or equ~ty of said MORTGAGEE and the pract~ce oF such
Court.
8. To duly, promptly and ful!y pe~fwm, d~scharge. exec~te, effect, compiete, comp~~ w+~h and abide by each and every the stipuiations, agreements,
ccnd~rions anr! covenanb ~n sa~d promissory nou and this morrgage set forth.
9. That in the event ~he ownership of the mortgaged prem~ses, a any parf thereof, becomes vested in a person other than the MORTGAGOR, the
:".:RTGAGEE, its successors an~ ass:gns, msy, wi~hout no~~ce to ~he MORTGAOR, deat with such successa or successw in interest wirh ._fere~ce to this
o~rgage ar.d the debt hereby secured in the same manner as w~th /.tortgagor w~thout in any way vit;ating or discFa~ging the 1Aar.gagors' l;abelity hero-
~nder o~ upon the debt hereby sec~red. No sa~e of the Frem=ses herebp :nortgaged and no forbearance on the part oi the IAORTGAGEE w ifs successors
o- assigns and no extension of the time fa the payment of the debt hereby secured g~ven by the MORTGAGEE or its successws or assigns, a~all operate
ro re!ease, d~xharge, mod+fy change a affect the original Gau~iity of the MORTGAGOR hereio, either in whole or in part.
10. It is spec~fi;alty agreed that time is of the essence of this contract and that rw waiver of any ob~~gat;on hereunder or of the obligation se-
cured hereby shat~ at any time t}izrea;ter be he!d to be a waiver of the terms hereof or of the instrumertt secured herby_
11. In add.t~o~ to the {orego"ng e:onrh!y paymenn of p.ir.~'pal and inreresr requ~rrd by the prom:sscry no!e s~c~re<1 he~eb~, mortga~ar covenants
a~d agrees to ~ay ro mo:~gagee v~ith each mcnrh~y pay~~:en~ an add~r~onal sum esr~n ated by mortgagee to be eq~al to 1; 12 of ~he annual cost of ~he folbw-
n~.
A-All real property taxrs lev~e~ o+ assess_d aga~•~st thc above descr~.~d real estate.
I~ B--Prem~ums on fire and v~indsto:m ~nwrjr.ce as he:e~n ~equ:rad to be carried on the imrroveme~ts s~tuate on the above described premises_
i
I C-Premiums on such mortgaae gua•sn!y icsura•~ce as mo*tgagee sha1~ from t me to time deem iit ro carry on the loan secured hereby.
~ /Nortgagee sha!I frcm r~me to t~~~e notify mor!9agor m wfiur.g of the amo:rnt due and payabie hereunder and such sum sha1~ thereupon be due and
{ :.•;3bie on the due date af rhe ~,ex~ ~~:o~thiy payrnent and each su:cAssive month thereafter ur.tii mortgagee sha2~ notify mortgagor of a ciwnge in such
i ~ o~~nt. Such sums sHaii be app.i~~d by mortgig•,e to.vard the payment of reat properry taxes, ins~rance prem.vms, a~~d mortgage guarar.ty insurance
Fm~~ma
IN \lITNESS L'JHES2[17F, tne said MORTGAGOR has hereu~!o set h~s har.d and seal the day and~tar first aforesaid_ `
~ ` Sgned, Sealed a.~d de~ive~ed ":n~ tl?t preunce of: '
\ al~
' ' ~ ~-~G t'_ iL ' ~ ` R ld W u1t1A ~ary
, • -
(Seaq
~
7 t_.i. , ~ j~t l~ -Gc--~ ~--f~v (Sea1)
i-•~ ' ~
Dora L. Ruinn
S~ATE Of FLORIDA 1
St. Lucie }
~our~nr O~ I
Before me personally appeared Reginald W. Q111I1I1 and
Dora L. Quinn his w;te, to rrw welt known and k~r~wn to me to be
th~ InClividYd:S described in and who executed the foregoirg instrument, and acknowledged before me :hat they executed tFr_ same for the purposes
rherei~ expressed. And the said ~ra L. Quinn
„v:fe of the said - R~Qi~ld w. ~uil'1II vpon a separete and private
e.am~nat~o~ by me taken separate and apart from her said hu~band, scknowledged to and befwe me that she executed said ir.strument free~y and volvn-
~a~~;y and w:thovt any computsion, constra;nt, appreh~. ~ p fear of or her said h;aband.
~ WITNESS my hand and official seal this_ `'Ll~- _ day;of F~br~Z~' D. 1973
~ , i '-Gf ,Cf.= " ~ ~ ' ~
~ ~ - =
Notary PubGc in and for !fie Sta f F~o ~a at Large
j L~ My Commiuion expires: .
Return To: ~ .
~
First Federal Savin~s 3 toan Assaciat:on NOTARI' PUBLI~ ST~E o(: FLORh?A a! ~F~4Q
~ Of Fo-t P..rce_ . E~, E~
~ AIY COFdlal.vSi~!V t1~C. ~4; '1gi5
Fort Pi~:ce. Fter~cia BonG~d Tc•< <r,e'•.~t••~,:•~~.::•~~~?~,.--~~..
t
~ FILED ~ND ~ECORDEO ' , ~ ' • -
~ ST_ I~JCiE vOUNTY FLA. ~ • .
f This Instrument Prepared By Richard K. Kayes ~OCER rOiTRAS
~ First Federal Savin s 8 loan Association CLERK C1".CU~T COURT
~ Florida, R~C~R•l V~F.~~~~0
~ of Fort Pierce s
~ I~r I 3 44 PM '73
~ Checked By ~
~ 248828 °~~x zi1 ~~f'~51?
~
~ sb
~
~
~ .
- - - v:~
z.. - - - - - - - - - - - -
{ - ~ ~
~ ~
~ ~ i ~
~ . ` _ ~ ~ ~ , _ _e . . s- ~t.