HomeMy WebLinkAbout1656 J. To plac~ and cor~l~uously keep on tM b~~'d~ngs now a Mreaf?cr ~~uete on said find and o~ aii equi~vnent and persunally coveild by lhi~ mot~y
~g~. with atl premlixn~ lhereon ~,d in fu)I, f.rr int~rente ~n ~he uscat s~nr~da:d pol;~y fo~m, in • sum ap~xaved by sht MOR~G:.GEE. .~~d ..~~ndsram
~~wranc~ in ~M uiwl ua.~dard pol.cy fam, in a sum eppro<td by ine htORTGAGEE, i++ sucA ca~npu+y o~ co~npa.~:es as ~h~ MORTGAGEE may
d~rect; and all fir~ and w;ndsarm i~surance po'~c~es .x~ aay of :a+d bv~id~ngs, any interoit ~herein or }iut thereaf, in the agprr~ate ~vm alo~e~a~d or
in e~eces~ thereof, sfwll con~ain ihe uswl stanJa+d mor~ga9ee dauea w such o~har c:auu as ~he Monyagee may rcqu.~e. miAinq tha loss ur+de+ s.?~ polt
ues, exA end e~e~y. pa,rab:e ro u~d ~1~ORiGAGEf as ~~s ~~•~erett ~nay appear, a~xi aacn ~+~d av~vy suth po~~cy ~h~11 be pf~r.~pily ass yn~d acd de+wc.rd ~o
~ny Hetd by sa~d A10SfGAGF~ as i~+rhr~ srcu~~ty ~o sa~d mo~r,~age drbr, a~ul, nW teu ~ha~ a~? (10) dayt in adva~xe of the exp~~as~on of each pn:~cy, ~o d~-
I~ve~ b said h\ORTGAGEE + rc~+ewsl thereof, logethK with a~cce~pl fo~ the p~amium oi such renewal; a~ ~hr~e shaII be ~a f,rc u~ ~ni:~usru.m insc.~ance
p~xed on any o( sa~d bu~ld~ng:, any inrerest the~e+n w par~ ~he~coi, un:ess in ~Me fo~m a~x! w~fh tM lo:s paYabte a~ •toresaiu; and in ~he ev~nt any sum
of morNy becom,ea payaWe undrr wch poliq o~ polKi~s sa:d MORiGAGEE shal! have ~he opnon ro recc~ve and apyty thr sa.~~e on a:covnt of ~he ind.:G~ad-
~ess secv~ed he-aby a ro p~rmit sa~d MORIGAGORS to rec~eive and vu i1 p any part tharea! fo~ orne~ pw;.oses. ti•..~~~..t ~h_r~v~ .n,s;+; or v~:,-~a~r-
;ng any equ~ty, lien a~~gM undrr w by virtue of th:s mor:yage; u+d i~ tha evcnt sa:o MORTGAGORS sha11 for any ~caso~ fa~l to kccp the sa~d pr.m~saa so
~nsv~ed, w fail to dtliYer promptly any of sa~d polKle~ of inw~ance to sald MORTGAGEE, a~ fad prompily to ~,ay tu:ty any pre~n~~m thrr~fw w in any
respect tail ro perform, d~scharge, exxure, eifec~, cw::p~e~e, comply wirh ~nd ab~de by th;s cove~ant, or ~ny psrt hereot, se~d MORiGAGfE may plate a~~d
pay fp~ such inwrance or a~y pari Iher~pi Mri~hout waiving or aifrcting any Option, lien, eq~;ty, o? ~ight undr ot b~ virtue of this Atwega9e, ~nd the
1ut1 arnount of e?ch and eve~y such payrr~nt shlall be immediatriy d~e and payablr and sha!! bcar iRleres~ trom the dsfs thercof u~ril paid at the rats of
n~nc pe? centum per annum and ro~e~hr~ :v~+h s.~ch i~ver~st shafi be sacured ty the lien of thia matgags.
1. To permit, comm;t or su(fe~r no waate, unpai~ment w deterioration of sa~d property or any put thcreof.
5. To pay all and sir+gulu tM costs, charges and expenses, includ~ng a reas~ ~le attaney i fee and costs oF abstracts oi t~~!e, incur.ed or pa~d at
any t~me by sa~d MGRfGAG:E, because a in the event of the fa~iure o~ the parr of ~he sa;d MORi(iAGOR to duty, pra~:ptly and fufly perform, d~uharge.
execufe, e}icct, comptc~e, comply wuh and ab.de by each and every eha stip„ianons, a9~eements, conditiav, and coveoanrs of sa~d prom~~sory nofe and f:,~~
morrgage any or c~+her, and sa~d costs, cMrges and eapans~s, cach and every, shsll t,e immed~s~rty due and pryab:e; whrrh~r a not rhere be nof.ce da
mand, auempt !o coitrd o~ wit pend~rg; and the fvll amovN ~f each and every wch payment shall bear iroercsr from the date thereof unril p:~d ~t the
:.,re of nine per cer.wm pzr an~:u:n; and a~l said cotls, charg¢s and e::;~rnses incurred or paid, togatT~r w~th such interest, ~haU be secu~ed by the Gen of this
mortpage.
8. That ;a1 7n the event of a~y b?each of this Mwtgage o~ dcfault a~ the part of :he 1110RTGAGOR, or ~b) in the evero any of sa:d sums of mo+~ey
herein reierred ~o be r.or prarptly acid fully paid within th~rty (3J) days ne•~ atter t!x same uvera!ly becar,~e due and payab!e, wifhout demand or no~ice.
or ~c) in the even~ each and evary the stipu:af~ons, agrerm~ats, cortditia~s and covenanrs of sa d prom~sso+y note and ih~s nwrtgage any w e~~her are no~
iuty, promptly and fully aerfwmtd, d~xharged, executed, effected, completed, ccmpl~ed w~~h and ab~drd Sy, then in e~~her or any such event the sa~d ag
areaate sum mentioned in said Frumissory nere ther, remaining ~mpa~d, with intere;t accrued, and a;l moneys secured htreby, shaN brcome d+re and psy-
atr:e fo~ihwith, or thertafter, at ~he opT:on of so~d MORTGAGEE, as (ully and compiefcly as if all of thr sa~d sums of money wcre a~g~naNr supu:eteo
fo be pa:d on such day, anything in s~:d pran~s:ory cote or in this Mor~gage to the contrary notw~~hstand~ng; and thereupon a thereafter a~ th~ opt~on of
sa;d MORTGAGEE, without nonce or demand, suit at law w i~ eqvity, the~efore d the~eaftrr Seg~n, may be prosecuted aa it atl moneys secuted hereby
r.ad matured prror fo ns institut~on.
7. That ~n the event that a~ the beqinn~nq of w at any time panding anp su~t upon thia Mo~tgage, or to iwettose it, w to ~cform i1, w to enforce
p~yme~r of aoy claims h~reunder, said MORiGaGEE shait apply ta thr Caure having ju~isa;c:+on fhereof !w the appo~m~neN of a Receiver, such Cwrt shall
Forrh,virh appant a receiv~r of said mortyaged pro~rty all and singular, intlud~nq alt and s~ngular rhe in~onse, prof~~s, ~ssues and rev~~ves from whatever
seurce drrivrd, each and every of wh:cfi, it be~ng exwessly undersroo.ti, is hereby mortgaged as if spec.Ilcaily te~ fwth and desaibed in the g~anring and
hsbendv~n clauses her~f, and suth Reteiver shall have all the bruad and effec~ive turxi~ons and powers in anyw~se en:c~sted by a Court to a Receiver, and
s. ;h appointme~~t shall be ma~e by such Cou~t as an admined equity and a mauer of absolut~ r:ght to sa~d MORTGAGEE, and withou~ roference ro t(x
adeqvac~ w inadequacy of tRr wtue o.' rhe property margaged or ro the soivency or .,~so~+rer!c~ of su;d MORIGAGOR or the defendants, and that such
~e~rs, profifs, income, ~uves and re•venues shali be appi~ed by such Rece:ver accord~~.g to ~he I~en or equity of said A1~RiGAGEE and the {xactice of such
Court.
S. To du~y, promptty ar.d fultv per(wm, discharge, execufe, eifec?, compfete, comFty wirh arid abide by eath and ev~ry rhe st;pulafions, agrcements,
cnr.ditions and covenanrs ~n sa~d pramissory note and this murtgage set forth_
9_ That in the event the ownership of the rtwrtgaged prem;srs, w any part thereof, becares vested in a per~n other than the MORTGAGOR, tF+e
':.OR7GAGfE, its successo~s and aulg~s, may, whhout nof~ce ro the 1~tpRTGAOR, deat wuh such svccessw or successo~ in interest w~th reference to th;s
~o~tgage sr.d the drot hereby sKUred in the same manner as with IJbrtgagor without in any way vit~ating p d~scharging the Mor~gagori liability herE-
under or upon the drbt hereby secured. No sate of the Fremists hcrrby r.tortgaged and no fwbearance on the pan oi the /~tORTGAGEE w its s~ccessors
or assigns and no ext~nsion of rhe time (or the payment of the debt he~eby secured given by the MORIGAGEE or its successors or ass~gns, a7ia11 operate
ro release, d~acharge, rr.odify change or affect the or~g~nal I~au:l~fy of thr NORiGAGOR herein, either in whoie or in part.
10_ It is speufica!iy agrzed that time is of the easence of this connact and that no waiver of any obGgat~on hereunder or of the ob]igaTion se-
c~red Fxreby sha~~ at any time thereafter ~ held to be a wai~er of the terms i~ereof or of 1he in3t~ument setv~ed he+by.
i!. In ad~ rion ro the forego'ng monlli!y paymenti of pr;nc aal and ~nterest requ~red by the prom;ssory nore secured hereby, mortgagar covenants
a~~d agrees to pay to mortgagee wirh each monrh~y ~;ay~::ent an add~~io:~al sum es+:mated by mortgagee to be equal to l; 12 of the a~~n~al cost of the 4o1low-
A-Atf real prop~rty raxes levre~ w. assessed againsr iha above drscribcd rea! es~ate.
B-Prem~vms on f:re arxl windstorm ~nsurar.ce as here~n rCqu:red to be carried on the Improve~ne:+ts s;tuate on the a4~ove d=scr~y~d premises_
C-Premiums on such mo~tgage guarar,ty ir.surar,ce as mortgagee shai{ from nme to time deem f-* to carry on the loan secuted hereby.
Mortgagce shail from time to ti:ne norify mortgagor in writ;ng of the am.ount du~ and payable hereunder and auch sum shaU tnereupon be due and
r~yabfe ort rhe d,ie date oi the next r,~pntj:! y payment end each success~ve -no~th tne•eafter u~.ti! mutgagee shal! no'ify mortgagor of a cRange in such
e-.o~nt_ 5uch sums sFail be app:ird by morigagee toward the payment of reat property ta~ees, insurm:ce prem:~:ns, a~.d mortgagr guaranty insurance
cre~ni~ms_
!N YlITNESS V/HEQEOF, rhe sa~d RICRTGAG0~2 has hereumo xt his har.d and seal !he day a~:J year first sforesaid.
5- ned, Sealed and tivered in the preae^ce of:
\ ~ .4 l ~ n ~~w 1~+~ . \ ~ey... l,.a ~a~~
Graden M. ?honpson, Jr. ~-~an
s Q~~ ~ -
. cs~a~
- - ~i r ey . o~ps n «a~~
S ~ ATE OF FlORIDA
:JUNTYOF SL. Lucie ~ u-
Befwe me personally appeared Graden M. Tho~pson, Jr.
and
_ $~11X1@}I Tho~apson his wife, to me well known and known to me to be
rhe indiriduals described in snd who executed the fwega~` instrument, and atknowiedged befwe me that they exec~ted tli~Csame for the purposes
rherein expressed. And ti~e said $hii+ey V. Tho~pson ~~N~~~~
Graden M. rhon son, Jr .
+~:ie of the said .sptlM•r,separa~e and private
e*,-^:nation by ,me taken separate and apart from her said husband, acknowiedged to and befwe cne that she ieid tnstrument• freely and volurr
fan'ry a~d w~thovt any computsion, constraint, aFpret~erts~on, or fea~ of or from her said busband. ; 1 j; ~
lst : ~ ' "
WIThESS my hand and offic~at seal thii day of ~dlCtl _ . J'~~ _~y~_
F~~EO ~M~ ~=coROF~ ~ ~ f- - ::.0~~ ; : : .
ST. IUCcE COUNTY f~~ r f 2
ROit^ ?;!fTRA$ Notary Pub!+c in and for t1i~ tt F r
C1.E~K ^ ; 1~~.+~ ~ a~
Retum To: U I Y C ~ ~ J Q j My Comm~ssioe~ tzpirts:
~FCOP?? ~.:~co ~y
First Federal Savings b Loan Astociation ~t 1 d
oi Fo.f v.~,~~ ~ 1 4 0l PH ~T3 NOTARY PUBUC, STA'iE,~i~MR10A ~t tARGE
fprt F~rrce, Rorida ~'(,~MI$$I~M Q~~ ~J. Z97rJ
~4~9Q1
This tnstrument Prepared 8y J. H. Roberts, Jr.
First Federal Sav~ngs 8 Loan Aswciation
of Fcrt Pierce , Floride.
C~ecked By
J `l~ sb
°-~211 ~~~~~1fi •
, - - _ -
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Fi~+i'. -
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