HomeMy WebLinkAbout2091 To pfac~ and coniinuo~,siy kt,rp on the bu~:d~rgs ncw a hereahe~ s~twN on t+id land snd a: aH eqv~~rncni ~nd ~»?sonaUy corercd by th2s morrg-
sg~, w~th a!! pr~nuvms U,r~_on Ya.d ~n fuU, iue ins~ranc~ ,n ihe us~al sranderJ ~wt7~y f~~~ io a aum app+oved by ihe M0~2~GAGEE, and w~~ds~am
~^surance i~~ ~M usual s+anderd {wr.cr fw~n, in a sum approytd by ~he MORTGAGEE, ~n such company or compan~e: aa ~hr MORIGRG'° may
d[reu~ and ~it /i~e a~+d w~ocis~orm i~su-ance po?~ua~ on a~y o~ sa'd buiid.ng~, ~ny inserCst eFKrien o~ part ther;;of, in Ihe agg~eg+ee ium afo~esa~d o~
fn exccss ~F~ereo(. sha11 tonrain ~h~ ~s.~a: standard morsgaflee dause or such o~htr cl,~use as the Mwtyagee may rcc;u~r~, meAing tha loss un~1e~ s.~~d polF
c~es. each an! every, payabl~ Io said AtJRiGAGfE as :~s intere~~ r.Wy ~ppear, a~~d e+ch and ev..y :~<h po!~cy shdll be promp~ty ass gned and de~~.errd ro
any hrW by as;d It10RSG4GEE a~ tur~hcv secur~ty ~o aaid n-«rgage debt, and, not !eu tha~ ien (l0) days in adv~nc~ of ihe exp:rati~n of each po:~cy, to dr-
I~ver eo said MORTGAGEE a re.xwal Ihereof, logetht~ with a receipt fo~ the Rrem~um ot suth ~rn.;wal; ,.nd there sh,~ll be no f~re u~ ~ni~~dsror~n insv+ance
p~aced on any of sa~d b~,ilJ~ng:, any in?e.cst the~e+n or psrt thereof, untess rhe torm and with the toss payabl~ as aForewid; and in iha even~ any svin
of mon~y bcconuy payo ~a u~+der such polity p pofc~es se~d MOfTGAGEE sh~ll have ~he opt~o~ to rccriva a~xi apply t:~e sanie on account of u+e ind~bfrd-
neas secured hercby w ~o permtt sa~d MORTGAGO~S to rece~va u+d us~ it or any pa~e tha:eoi iw o:nrr purF osri, ..:~iio~f ~h_•. ur y o~ ~~~~p.,~~-
~~g any equ~ty, Gcn w nght und~v w by vir~ue of ~h]s ma:~gege; and in the evrm ta:d MORTGAGORS shall for any reason tail to krep the sa~d premis=s so
~n~„rcd, o~ fail ro daG.e~ p~omptly ~ny of ~id pol;~ies cf ~nw•a.ue to sa~d MORiGAGEE, or fai: prompily Io pay fu~ly any pro~~~~um tt~e.elor a in any
re:oect fait to pe~form, d~scharge, e:ctu>e, elfect, comptete, comply with a~d ab~de by ~h~s cove~an?, a in~ perl hr~cof, sa~d MORiGAGEE mey p+acr a»o
pay (w such insurance o~ any part the~eof without waiving w aHecting any op~~on, lien, equ~ty, cv r.gh~ unda a by vire~e of shis Matgage, and ihe
fu0 amount oi each and every such payment ehalt be inuned~ately d.~e a.~d payable and shal! bear inte~csf from the date thercwi umil paid at the :ate ol
~~•^t per crntum pe~ annu:n and togctfkr wah svch in:erist ahaif be srcured by the lien of thii mortgage.
1. Yo permit, commit w suffer no waste, impairment or det~riora~io~ ef ~e~d p.oper+y ot any part thereof.
5. To pay all and s~n,r,.ul~r the cosn, chsrges a~d eaF+enses, includ~ng a?easonable ateo~ney's (re and costs of abstrads of ~~tte, incurred or pa~d at
any time by sa~d MORTGAGEE, beca~se or in the event of rhe ta;lure on ihe part ot tM sa~d MORTGAGOR to d~lv. pranptly and fully pcriorm, dbcharge.
e¦ecv~e, eifect, complere, co*nply w~~h and ab:de by each and every rM: aGpulano~s, agreements, cond~~~ons, and covenants of sa~d prom~ssory note and ~hti
~-orrgage ar.y pr l~ther, and sa=d costs, charges and exper,ses, each and every, shetl be immed~atety due and payabfe; whe~her a r+ot ~hare be no~~c: dr
mand, a?te.np~ to collect or suit pcod,ng; aod ~he futl amount of each srd evcty such paymeot ahail bear imerost Lo•n ~t~r da~e ~hereot uroil pa~d a~ the
r,:~ oi nine per centum Fx-r anau~i; arw all said tosts, charges and ra:xnses incurred w paid, togeihe~ w~th such interest, ahalf be secured by the iian of th~~
mOrtg~.
b. That (a) in the event of any breach of ~h~s Mwtgage or deiau~t on thr part of the MORTGAGUR, ar ib) in the evene any of sa;d sums of money
here~n refe~red fo be nm prompr;y a~d fully paid w~rh~n ~h,rry (30) days neat airer ~he same severa!~y become due a~d dayabfe, vriihout dcm~nd o~ norice,
or ~c) in the evenl csch and eve~y the stiput~hans, egreements, toedrrioas and tovanants ot sa.d promiswry note and th~s mortgage any or either are oot
iu~y, pre~nptly and luliy performed, d.scharged. executed, etfecmd, compt~red, compl;ed w~~h and ab~ded Sy, ~hen in e~ther o+ any such event the said ag
~•egate sum rrKntioned in said promisswy r+ote then remaining unpaid, with inte~est ac:rued, and att moneys secured hereby, shal! pecoa:e due and pay
ab;e faihwith, a ihereaiter, at the epnon of sa:d 610RTGAGEE, as fully and comp~eiely as ii all of !he said sums of monry were w~gmatly ~tipu:ated
!o be pa,d on such day, anyih~r~g in sa:d pran~uwy note a in ~his Matgage to ~he comrery notw~~hsfa~.~ing; and ~f~eupon or thereatter a~ the opnon oF
sa~d MORTGAGEE, w~thout notice or demartd, suit at !aw or in equity, the~e(ore or 1lureaffer txgun, may be prosetuted as if all montys setured hereby
n;d matured pr~o: to ~ts inst~t~tion.
7. ihat in ti+e event ~hat at the beginning of or at any time pending any suft upon this Ma~tgage, w to foreclose it, w to reform it, or fo enforce
payment of any daims hereuoder, sa;d MORiGAGEf s1.at1 appty to the Cour~ havinq ~unsd~ttion thereof for the appointment of a Receiver, suth Court shail
Fo:ihw~rh appoint a receiye~ o( sa~d mortgaged property all and s~ngula., irxlud~ng aU and s~ngvlat the ~MOml, prof~ts, iasues snd reve~ves from whatever
seu~ce derived, each and eve~y oF wh~ch, :f be~ng expressly understood, is hereby mwtgagrd as ii spec:(ically stt fo~th ant! deu~ibed in the graniing and
habendum clauses hereof, and such Receiver fhall have all the broad artd ef(ecr;ve fu~+ct.ons and powers in anyw=se entruated by a tourt to a Recriver, and
s:.ch appointment shaU be made by such Court as an admitted equity and a.naner ot absol~te righ? fo said MORiGAGEE, a~d .v~fhout reFererxe fo the
a:feyuacy o~ inadrquacy of the val~e of rhe property mortgaged oa to the so:vency o? :nspivency o( sa~d MORTGAGOR or the defenda~ts, a~d fhat such
~-•~TS, p~of~ts, irxome, iuues and revenues shall be appl~ed by such Receiver accordmg to the Gen or equit~ of said MORTGAGEE and the p.act~ce of such
C~uA. '
8. To du!y, promptly and fully perlorm, d~scharge, exccure, efFe:t, complete, comply w~th and abide by each and every the st~putatioos, agreements,
.cndit~ons and covenants ~n sa~d prom:ssory note and th(s mortgage set for~h.
9. That in the event the ow~ersh~p of the mortqaged premises, or any part fhereof, 6ecomes vested i~ s pery~n other fhan the MORTGAGpR, the
.•.ORTGAGEE, its soccessws and ass~gns, may, without no~~ce to the MORTGaJR, dea! w~th such successw w successor in inrerest with refe~ente to Ihis
o•tgagt and the debt hereby secured in the same ma~ner as with Mortgago~ w+thout in any way vi~iating or d+xharging the Mwtgagors' liability he•o-
~ndrr or upon the debt hereby se:ur~. No saie of the premhes hereby mortgaged and no farbearence on the pan oi the /AORiGAGEE or its successon
e+ ass:gns and ra exrens~on of rhe time for the payment of the debt hereby src~r~ given by the MORTGAGEE or its s~ccessaa o~ ass:gns, ahall operate
ro release, d~scharge, rtsod~fy change or affect the orig~nal liability of the MORTGAGpR here~n, either i~ whole or in part.
10. 1~ is speufically agreed that time is of the essence o( this coniratt ard that no waiver of any obl~gation hereunder or of the obligation sr
c~rod hereby sha4 at any time shereafrer bs he;d to be a waiver of rhe terms heieof w of 1he instrument secured herby.
11. Irt add~rion to the foreyo::~t~ mon7hly paymens3 of princpal and interest requ~red by the prom~ssory no!e sec~red hereby, mo:tgagx covenants
a-d ag~ees :o pay to n:o:tgagee v~ith each montF.iy pa~r~znt an add~r~onal sum e_rmated by mortgagee to be eq~al to 1,'12 of the annual iost of the foliow-
'3
A-Atl real property taxrs lev~rd or assessed aga~~st nc~ above deuribed rea! esrare.
B-Dr_miu~~s on i~re ;r.d v.indsto-m iawr3r.ce as he:e~n ~equ red to he carri~d on the improveme~ts s~ivate on tF,~; above desv~bed p~emises.
C-Prem~un•s o^ zu:h .r.ertg~ge guaranty ir.svra•,ce as mor:~agee shatl fro*r. r.re to tune deem fit to carry on the loan secured hereby_
Mwrgagee s~al! f.cm t~:,,e to nme noeif~ morryagor ~n vrritang of the amourt dve and payabte hereundrr and such su~+ sha11 thereupon be dve and
able on ~he uve da~e ot rh_ ne¦t monthiy payR•ent ar.d each wccessive month ~hereaft~r uotil mortgagee sfiall not~fy mortgagor e4 a cha~ge in such
~.cvnt. $uch sums s~a:i b¢ app?~ed by mortgag~e tovvard !he paymeM of real property taxes, ir.surante prnn~:u~ra, o.;~ ...e•!ga~e ~uaranty insurente
r~•emiums.
IN L'~lTNESS Y+'HfR~OF, the sa~d ti10RTGAGOR has hereunto set his hanti and seal the day a y r firsl aioresaid.
~ Sgned, Seaied aad del;v red in tF.e preser.ce of:
1
~I _ %l Sesf)
, '.(Sea~
~ _ . ~ (Seal)
i - - ~ t5ea~
~ S~:,TE OF FIORIDA ~
~ '~~UNTY Of St. Lucie ~
I 1
~ eefwe me perwnaily appeared Jav A. Sample e~
~ _ FfaTICeS R• Saaple his wife, to me well known and known to me to be'
rh_ individuals dex~ibed in and who executed the fwegoing instrument, arn! ac4nowledged befwe me that they executed the same for the purposes
' ~h~+e~n expressed_ And tF.e said ~YaflCeS I~• $Allpl@ _
~
' .~.:re of sai~ ~ Jav A. Sa3Dle ~pon a separate and private
E c.a-n~~at~on by me takrn separate and apart from her said husbarrl, acknowledged to and before me that she executed said instrument freely and volvn-
y and w~thout any compu~sion, constrai~t, apprehen :on, or fear of or irom said husband.
i WITNESS my hand znd official seai !hi _ day of ~ h .A, D: 19~ 73
; _ ~Cc:~~- _.~L~.- ~ • .
tary Publ~c in and for the S s~ of Fb " i at e~ -
I y Commisiron cz~ires: L ~ ~ ~ ~
Retum To: ~ t~QiARY PilS.iE.'STAT~~' flgttl~A aYLA~~ -
fi:sT fede~al Savings d Loan Associat~on ~/l~~~ h1Y C~~•.•~'=S•~ L~~`, -~7;
Of fort P c;ce ~L/`f Bo~Oed T^ y y.: - ri
Fort Pierce. Fle~~d~ ~ ' - ' -
~
. 'v
FILEG ~w;; -tE4~F~E0 ~ - _
ft tU~G;!~ c3trwTr s~i. ~ ~~~~~;,,,a,~:.:..
k~CE-: F~~T~4S G
; This Instrument Prepared By Richatd K. Ka es - ~tEkx ~,~r,~~r CoURT
i First Federal Savings & Loan Association y pf r °`~F~~~ ~J
of Fort Pierce , F1oZida y~~ ~
r~Al[ 3 22 PM '73
Checked By ~
. 6COK 21~ PAGc ~O~c~
ls
a
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