HomeMy WebLinkAbout2095 3. To ptxi and conrinuo..sly keep ert tha bu;'d.ngs »ow a hereafra s~twte ae ia~d isnd aod on all eq~ipncM a.~d pet:a~atly covered by thit mortq-
+ge, with all prem~ums ?hareva pa~d in iu?I, fire ~:is~r~nca ~n ~ho uiual sund~rd poi:cy fwm, in a ium arpro.~d 'oy fM K.~R~v:.GFE, u~d w~~ds:w.n
~nswanc~ ia tM usual seaoda.d po!~cy fam, 'a. a wm app:oaed by :he MORTG/lGff, :n such comp~ny or cunpan~e~ as the M02:GAGEE may
di~eu; a~d aU hrs and w~nd~ro~m in~u:ante polK~es on any af ia~d kwi~d.nys, any i~t~rest ~herc~n or part !hcra,t, ;n eM a~fl•ryare i~m atarsa~d a
In e~cesa ~hereof, sl~all conra~~. ~he u:ual ara~.dard morrgagea dause w such ahee cisus~ u ~M Mwtgagre may :cqv~r~, ma?ing rhe ~osa urxlr. se~d pot:-
cies, each ind every, payahse to aa~d A10RIGAGFF as ~ts iror.est may epp..w, ~nd each and evc~y such poG:y sha~t bt promptly asa gnrd and de~~Yc~ v! rc
sny heid by sa~d MORiGAGEE as fur~hN srturny ro said mortga~e debt, and, not leu ~han ren (t01 days ~n ad~a~ice of th2 ear~r~t~on of ezch pc~~cy, to da•
livq to said MORTGAGEE a renewa~ the~t,o(, toge~tH,v wirl~ a receipt foa the premium of such rel,e,tial; and therz sha:l pQ np L•re or wuidswrm insurence
p~aced on any af sa~d b~,itd~ngs. ~ny interes! lhere~n w part thereof, ~n:ess in ~he (orm and w~~h tF» !ou payaole as aforesaid; and :n ;he evenl a~y s.,m
of money becanes payabie unde~ such poGCy a pol;c~es ia~d VNORTGAGEE sh-+fl have ~he opr;on ro recefve e~tid apply et~a same ai accoun~ oi tha indre.e~d-
ness sccu?ed hc:eby or b permit ss~d MORiGAGORS to rKa~vt and u;e i~ a eny pau ttx:rof eor ou~~~r H~rNO,~s. .•.:ino.,~ ih_~~w or ,<<~a:.,~-
ing any equ~ty, lien w righl undrr w by virtue of thii r.w:egaga; and in the event sa:d MO~TTGAGORS sAall fp any reeson fail lo krep ~he aa~d orem~s:s so
insur~, pr (ait to det~ver p:omptty any of said polKirs of insu~ance to sa~d MORiGAGFF, or fail prompdy to pay f~ily any prem~um ii~eretor a in ahy
respect fail ro perfam, d~scharge, earcute, e(fecl, compkie, comply wi~h and abide by ~h~s cove~ant, a any part hrreof, se~d MORTGtiGEE may piaca a•~tl
pay (or auch inw~an~e or any pa~t ~he~eof w~thouf waiving o~ affeUiog any option, lien, equ~ry, w r~ght ur.der oa hy v~.tue of rh~s Mwigage, a~d ~he
full ~mount of each and e~ery such payrornt shall be immediately due and payable aad shall bear in!erest from the date thereqf until p~id at the rate ol
~~x per cenium per annum and to3ethrr wifh such interes~ shaii be secured by the lien of this mwtgsge.
To prmit, com~n~t w suf(er no waste, impiirment ot dtler~wation of sa~d pioperty ot a~y part Ihereof.
S. To pay ali ar+d singular ~he costs, charges and eape~ses, in:fud~ng „ reasawble atrorney'~ fee and coses of abstrscts of t~tte, i~cured w pa~d at
eny time by said MORTGAG:E, because w in the evQ..t of the fa~lure on ~he part ot the said MORTGAGOR to duly, pra?+ptly and fv~~y pe*form, d.3charge.
ex~cute, eiiect, complete, canply w~th and ab:de by tach and e~~ery the stipu;auons, agreeme~ta, conditwns, and covenants of ~a~d p~ornissaty note and eh:s
mwrgage anY or tith~r, a.~d sa:d cosrs, char9es and e~penses. cach and e~ery, shall be immrd:atety due and payable; whe:her c+ not ~here be nor~ce dr
mand, attempt to co~tett a suit pend~ng; and the full amount of each and eYerv sucA paymcnt sAa1S ixa~ interesl from ~Ae dare trtereof umil paid at the
rare of n~ne per centun~ per am+u:~; and ait sa(d costs, charges and cxpenses incv~red o~ p:id, ~oge:her w,th such interes~, shall be srcured by the Gon oi th~~
mwtgage.
4. Tha1 (a) i~ the event of any breach of thls Mxtgage w defaul~ o~ the part oi the MORTGAG~R, or (b) in the event any of w:d sums of money
herein ~eferred to be not pranprly and fully pafd wi~hin thuty (30) days nea~ air~ the same severally become due and paysbte, wiihout demand or notice,
or ic) in the evrm rach and every ~~e stipu:ar~ons, agrecmen~s, cond~t~o.,s and covenan~s of sa:d promissay no?e a..d fh~s mw~gagr any p e~~he~ a:e not
i~ly, promptly and fully pe.fo.med, d~scnarg~, executed, effecred, comp~ete.'!, compl~ed w~~h and abided 5y, en in e+~he~ o~ any such evt.it ehe saod ag
gregate sum mentioned irt sa,d prom~ssory nute lhrn se.neining ur.paid, with interest accrued, and a~I monays secured he~eby, shall become ~ue and pav
ab;e farthwith, or thereaSter, at the opt~on of said A10RTGAGEE, as fully and :omple~e~y as if all of tl~e so~d s~ms oi money were wgina;ly st~pu:ated
ro be pa~d on such day, any~hirg in sa:d pro~n:ssory note o~ in this Mwrgage ro ~he conr~ary norw~~hirand;ng; a.ul fherevpon or thereafter at the op~~on of
said MORTGAGEE, wirhovt notice or demand, suit at law or in equity, therefore w the~eafter begu~, may be prosecuted as if all motKys setured hereby
nad matured prwr tp ~ts irut~tution.
7. Ths~ in the eve~t that at thc beg~n~~rrg of or a~ any t~me pend~ng a~y su~t upon this Mortgye, or to /aeclose it, or to refwm it, or to enforce
payrrKnt of any tlaims he~eu~der, said MORiGAGEE shall apply to the Covrt having jurisdictron tFwreof for the appointment of ~ Recei+er, svch Court shatl
Forthwirh appoint a rCCeivN of said mwtgaged proparty all and singuiar, inct~d~ng all a~d srt~u~ar tFK income, prof~ff, issurs and revenves from whate~er
source derived, each and every of whKh, it be~r,g express~y undersiood, ~s hereby moregaged as if speufically sH fwth and desaibed in ~he g.anr;ng a~d
habendum cla~ses hereof, and such Receiver :ha11 have all the Droad and effece~ve funtf,ons and povrers in anyw~se enrrusted b~ a Cour~ to a Recciver, and
s~ch appointmenr shall be made by such Court as an admi~ted equ~ty and a matter of absolute r~ght to sa7d MO?tiGAGEE, and w~rhouf reference ~o tho
edequacy a inadequaq of the valve of the p~operty mertgaged or to the so~ve~cy or ~nsoivency of said INORTGAGOR a the defrndants, and rhaf such
renrs, p~ofits, incomc, iuues and revenues sM1I be appiied by such Receiver accord~ng to the lien w e~uity ot said MORTGAGEE and the pract~ce of s~.ch
Court.
8. 7o dvly, promptly and fully perfo+m, d+xharge, execute, effect, com{,lete, comply w~th and abide by each and every the stipulat:ons, agreem:nts,
conditions and covenants ;n sa~d promisswy note and th~s mor~gage set forth.
9. That in thc event the ownenhip of the mortyaged premi:es, or any part thereof, becomes vsafed in a person othei than the AAC~7GAGpR, the
h:ORTGAGFE, its successors and ass;gns, may, wi~hout norite to the AtiORTGApR, deal with such svccessw a successw in interest wirh reier~nce to this
mortgaqe and the d>b~ Aereby secured in the same manner as with htortgagw without in a~y way ri!ia:~ng p discharying the /Atxtgagori' liabitity FKre-
~nder or upon the dcbt hereby secu~ed. No sa?e of the premixs 1~ereby mortgaged and no lorbea~ante on ~he pan of ~he MORIGAGEE or its successors
or assigns and no extension of the fime fo~ the paymem of the debt nereby secwed given by the MORTGAGEE or in successors or au;gns, a~~al{ operate
~o release, d~scharge, modify ~hanye or affect the orig,nal IiabJ~ty of the IY.ORTGAGOR herein, either in whoie or in part.
10. It is specificaity aqreed fhat time is of the esse~ce of this contract and that no waiver of any obl;gat~on he~eurKle~ or of the obligat'an se-
cured htreby shail at any time ~herea!ter be he'd to be a waiver of the terms hereof w of the insrrument secured lierby.
11. In add:tio~ to the fwego:rx~ monthSy payments of pri~c'oal and inrerest requ+red by the promtssory no~e secured herab,r, morrga~or covenar.ts
a^d agrees ro pay to moctgagee v.ith each monthiy pay~rent ao odd~riooai sum ~;tmated b~ mo:tgegee ~o be eqvai to 1;'t2 of ttx ann.,at cost oF the follow-
,n~:
A-All ~eal property faxes tev~ed or assesscb a~3~•~st the above described r~al csta!e.
B~'P/t'T.~V;:1S oa fire and •vindsto*m insuracce az nere~n requ~red ro be carrit-d en the improvemeats s:tuate on ti~e above dsstribed premises_
C-Prem~~rns o~ wch mortgage guaranty ir.s~rar.te as martga3_e s~ail irom t"~:~e to :ime deem fit to carry pn the ?oan s~cur¢~ he~eby.
Mwtqagee shaiJ fra:n t~::+e to r7nre not;fy mortgagor en w.;nny of the amouot due and payab'e hereundrr and such wrn shail thereupon be due and
Feyabte on the due dare of the next mor.Thiy payment and each successive :r.omh therraiter uetil mwtgagee shall notify mort 6r of a change in such
o~M. $uch sums sHatl oe app~lied by mortgag~e toward the payment of real property taxes, insuraice prem.ums, a~~d atgage guaranty ensurance
~ _-^.:1Jf:ti_
IN Y~IiNE55 ~tiHfR'cOF, the said M~RTGAGOR has hereunto set his hand and seal the day and y first ~d.
Sig , Seal e iv ed in the presence of=
7 ~ ~
Seap
~ (bea~
(S~aO
Ma s A H 1 c~,q
S7A7E OF FLORIDA ~
COUNTY OF _ SL. Lucie ~
I
Before me personally appeared J. ~11~I a~
Mar jvs A. Hel ler his wife, to me weft known and known to me tu be
rh? indiv:duals described in and who exetuted the foregoing instrument, and ackoowiedged befwe me that they executed the same for the purpose~
therein expresxd. And the said_-__- MdllS/S A. HelZer
rrfe of the sa~d Heller upon a separate and private
e.am~nation by me ta4en sepa.ate and apart from her said husband, acknowledged to and be'.ore me that sf~e executed said iratrument freety and votuo-
'~'+~y and w,thout any ~omaulsion, tonstraint, apprehens:on~~r fear of w from her said husband.
7 L~`. 73
WITNfSS my hand and off~c~al seal this- day of ~r~ A. D. 19
Notary Publ' in and ior the State of Ficsida et l~~e
Retum To: . ",'~1!~P^~m ion expires: /97J
first Federal Savings 3 Lojn Association .
Of fort P.erce. ~.~i.~t.~~~~'
fort Pi?rcv, ilofid~ _ ~ ' f~[ ~L~ ~y~+ 1{Eri p
. . ST. tI/CIC G J!lMTY FLA 1
_ ' CLE x~E `;~IT~AS 1
' ~ _ _ ' RFI'RCn ~ 'vi1 COt/Rt ~
This Instrument Prepared By y~~ g~ g=a~ T:. • :
First Federal Savings 8 Loan Association C• M~t T 3 23 p~ f7~
of Fort Pierce , Florida ' ~ ; _ ~ • ~
Checked By ~ . t ~ • '
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~QCK PAC~ ~,Vc~c
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