HomeMy WebLinkAbout2309 To pl~ca a++d tontin~ouily ktep on tht bu~ldings now w heraahtr sitw~e on ~a~d land and on ~1! cquipner?t ar.d pt-~sonally tovered by Ihis mwtg~
.ga wi~h sll premium~ ~ha.eon pa~d in full, .ire insura~ce in ~Fa uwal sra„da~d poGq fam, in • sum ap;~raved b~ ~he 1NORtGAGEE, a~d w~nds~am
~n~wance in rM ~swl uandart! o~::.- ia • sum approYed ~y rk MORTGIIGEE, such company w co~+par.i+s as ~ht A'~ORiGAGfE may
direct; ~nd aU r:•e snd w~nd:=. •::~ranc+ p~l:usi on any of ie~d buitd,n~~, any i~te~~st tl+sr~:n or part tF,creof, in ~M aggregatt wm afua~aid or
in ~xceu tha~eof, ~hs3i conta~n ~he usva: s:andud morrgag~s dause or such otAtr dauu a~ th~ Moriga9~e may requue, nwAirg ~he ios~ ..nda si~d pWi~
cies, each and eve~y, payabte ro sa~d A10RTGAGEE a~ ~n inreref~ may appear, and eac~ and eve?y such po:~cy shall b~ p~ompNy ~ss pned and detnered ro
+ny he{d by s~:d MORfGAGfE ~s funher s=cu•7~y to u:d rtwr~gagh debt, ar.d, n~~ le~ tMe ttn (101 days adva+xe of rhe expirat~on oi cacA pol~cy, ro de-
t~vt~ to said MORTGAGEE t ~encwal thueof, togetMr with a rtct~pl (or tne p~a~,:um of tuth renewal; sncl ~hrre shail be no i~re o~ w~nds~w~n i~wrar~t~
p~aced on ~ny of said buildings, any interest thavtin or put ~hereof, unless in the form ~nd wi+h tho lou payabie as ~ta~uid; and in tht event any sum
of nwney bec~me~ payabte under such poliq or potities sa~d MORiGAGfE shal! hsre ~M ont~a? lo recrive and appty the sa~ne on actoi~ro of tAe indebted-
nrss sccured hareby ot to pcrmit said MORTGAGORS to reteive and use N o~ •ny psrl the:eol fw otiKr yuiposes. \VJFIJJ} thvcu~ ws.i~~~ pr anp.:~r-
i~ any equ~ry, lien o~ ~~gh~ unde~ or by vir~w ot this mo::9sg~: ~nd in ~M eve.a c...i 44^AiGAGORS shall tw any reason fai) ro kesp ??~e said paemisrs so
in~wed, a fall b deliver promptly ~ny of said policies of inswante to sa~d MORTGAGEE, w t.~it promptly to pay iv~ly a~y ~e~nivm Ihcre`w. a in any
respect fait to pe~torm, d~uharge, e:ecuta, effocl, con,plrte, comply witA end a6~de by ~his covenaN, a any part kcreof, said MORTGAGEE may ptrce a~.o
pey fa ~uch inwrance o~ a~y parl the.eof w~thout waivirg or •ffecting any opt;w~, lien, equiry, or r~ght unde~ o~ by virtue of ~h3s Mor~gage, aod tAs
f~ll anavnt oF each and eve~y such payme~?~ sFall b~ i~iately dw and payabia and shall bear interest from the date ~hueof um~l pa~d at the ~ate oi
~~me per ceotum per a~num and toge~hcr wifh such intcrest shaii be secured by tM lien of rn;s mortgage.
4. To permit, commit or su.`'~ . no wasts. lmpairment or deteriwation of ia~d prope.vty a any ps.t ~hereof.
S. To p~y all a~+d s'agular the coats, cha~ges and expenses, including a reasonable at•orney i fee and cost• of al,:~ racts of tittt, incurre,! or pa~d at
any lireme by said MORTGAGEE, becauss w;n the eveot of tha failure on the part of the said :1pRiGAGOR ~o duly, p+omptly snd futly periwm, d~uharge.
exrcute, e(fed, complete, comp(y w~th and ab:de Sy each ~nd every the s~ipula+io~s, aqreament~, cond;~ions, and covenants o( said promissory no~e and th~s
mwtyage any w eith.,v. and said costs, charges and expe~?sea. each ai+d every, ahali be immedulety dut and payablr, vrhe~her a not there be noricc dr
mand, attempt a collcc~ w wit pend;ng; and rhe full amount of each a.~d evcry such payme.n shatl bea. intacst from ~??e dare rhereol ur~~il paid at the
rate uf nine per tenrum pai an+~u.m; srxi aU sa~d cos~s, charyea a^d e,epenses i~cuued or pa~d, together w~th such interest, shall be ucu~ed by the I:en of tha
mortgag~.
6. ?ha~ (s) in the eve~?t of any braxh of this Mwtgage or dcfaulr on the part of the MORTGAGOR, o- b) in the eve~t any of sa:d wms of money
hercin referred ro be not p~ompNy and fLlly paid within th,rty f30) daya next ateer the same severatty become due and payable. wi~houl demand o~ notice.
or (c) in the evem each and every ~he stipulations, agrcrmenrs, condi:ions and covenants of sa~d prom~sw~y note and th~s mor~gage any o~ e~t?xr are no1
~uly, prwnptly snd (uqy perfan+ed, d~uharged, executed, ei(ectrd, cwnpleted, compGed wirh and ab~ded Sy, then i~ elfher w sny such event the sa~d ag
gregate sum mentio.~e~ in said prom~ssory note then rrmaining ~n{~aid, with inte~~st accr•xd, and a11 rtwneys sec~red hereby, shall become due and pay-
able fathwith, o~ thereafter, at the opt~on of sa~d MORTGAGEE, as fu~ly and compiete~y as if atl of ~he said wms oi money were orginatly sr~pulated
to be pa~d on such day, anyrhing in sa;d prom;ssory note or in th~s Mortgage to the co~~rery norw3thstanding; and thcveupon w the~eattn the option of
se~d MORTGAGEE, without not:te w demand, suit at law ot in eq~ity, there:o~e or ehereafter begun, msy be prosecuted as if ell moneys secured hereby
nad matured prlor to ~ts instiwtion. '
7. That in the eve~t that at the beginrr~ng of o~ at any time p~nding any su~t upon this Mortgage, w to (oreclou it, w to refam it, or f0 MfOtLQ
payment of any claims he~eunder, said MORTGAGEE sha~l apply ro ~he Court twving ~ur~sdla~or+ thereof fcr the appo~mment of s Recervcr, such Cou?~ shall
Forrhwith sppoint a rece~ver of said mo:tgaged propcrty all and singvtar, inctud~ng all aod s~rgvla~ rhe income, prof,rs, issuei and ~evenues from whatever
source derived, each arr~ every of whKh, it betng expreuly und~rs~ood, ;s Fur~by mortgaged as if spec~f~cally xt (or~h and der~ibed in i'ne gran~~ng and
habendum clauses hereof, and su_ . Receiver shall have atl the broad and effect]ve funct.ons and powen in anyw~se entrusted by a Cou~t to a Receiver, and
s:.ch appointment ihall be made uy such Court as an ~dm;tted equ~ty and a matter of absolute r~gM to sa~d MORiGAGEE, and w~tha,t retererxe ro the
adequacy w inadequacy of the wlue of the properry mortgaged or lo ~he savency w insolvency of sa~d MORTGAGOR w the defendann: and that such
ren+s, profits, income, issucs an8 revenues shalt be appfied by such Receiver xcudu~g to the lier~ a equiry of said MORTGAGEE and the ~xactice of such
Court.
8. To dvly, promptly and fully pNfwm, discharge, execute, effect, comple!e, comply witi~ and abide by each and every the stipulations, agreements,
condiY~ns u~d covcnants in sa~d promissory note and this mortgage set fath.
9_ TF+at in the event rhe owr+ership of the mortgaqed premises. o~ any pa~t thercof, be~omes vested in s person ofher th~n the MORTGAGOR, the
:!ORTGAGEf, its successas and assg~s, ~nay, without notice to the MORTGAOR, deal with such successor a wccessw in interest wi~h reterence to th~a
~~o-~gage a~d the debt hereby secured in the sarrte manner as wi~h Nb~igagw w~thout in any way vit~ating a d~xiwrging the Mwtgagors' liability hcrr
ur.der or vpon rhe dcbt hereby secured. No sate of the prem~ses hereby mo.tgaged ar.d no forbearance on the part of the MORTGAGEE or its s~ccessors
or assig~s and no eatens~on of rhe t~me fw the payment of the deb~ hereby secu~ed given by the MqRTGAGEE or ~ts s~,ccessors w au;gns, ahall operate
ro release, dacharge, modify change a sffecr the wg~nal Hab;I,ty of rhe MORIGAGOR heie7n, eithe~ in whok a in part.
10. It is speu#:ca11y aq.eed that Nme is of the essence of this contract and that ro waiver of any obltgar~on hereunder or of the obligaYwn se-
cured hereby shall at any time rhereafter be held to be a waive~ of the terms he~eof or of the insr.ument secured herby.
11. In add~r;o~ ro the fwega:ng ~nonthty paymenrs ot princ'pal and inreres~ required by ~he promisscry nore secured hereby, mortgagor covenants 1
a~d agrees to pay to mortgagee veith exh mnnrhty pdy~nen? an a~d~~ional su.» est;n~~~ed by mortgsgee to be eyuaf ta 1 j 12 of the annual cost of the follow-
ing;
A-All real property taxes !evied a assessed agai~s! the.above dex.ibcd ~~al esrate. _
S- Prem.;ums on fire and windstorm insurance az here~n requ:red to be ca:ried on tne :m;,rover~e~ts situate on the above described premisas.
C-Premiums on svth mwtgage g~a~anty insv~ar.ce as rr+orrgagee shafl from t me to time deem fit to carry on the bao srcured hereby.
Mortgagee shaii from time to time nofify mortyaqar ;n writing of the amount due and payable hereundrr arxl such surn shall thcreuFon be due and
c3yab!e on the due dare of th~ next monthly payment and each successive month ~he.eaft`r until mortgagee sha!( not~fy moregago~ of a charge in such
a- ovnt. Such sums shatl be apptied by mwtgagee toward the paymrnt of real property taaes, insurance prem;ums, and mortgage guaranty insurance
vremiums.
IN TNESS WNE F, thc sa~d MORiGAGOR has hertunto ut i~is hard and seal the day and year f' euid.
i , ea.~deti ° the resence of:
' ~n
` _ c~a~
,
,I _ , s0
~ SiA7E OF FLORtDA
I 1 ~
couNnr oF St Lucie i
~
~ eefwe me personally appeared fi. p. Conadon
i and
' -aura I onadon
` - his wife, to me wep known and known to me ro be
~ thz ind;v;dua!a desuibed in and who execu?ed ~he foregang instrument, and acfcrwwledged before mt that tl~ey executed the same for the purposes
~ rhe~ein expressed. Md the said Laura J Conadon
r +1~fe of the ssid - P. Congdon ~ xparate and private
f e.am~nat~on by me ta4en separate and apart from her said twsbar.d, acknowledged to and before me fFwf she exer~red said instrument freeiy ar+d volun-
~ rs~~?y and w~thout any compulsion, constroint, apprehen~s~°~j°~ feu of or from her ssid husband,
i WITNESS my hand and offic~al seal thi~ d ~'l. day of March A p 19 ~3
~
Notary Public in and fw thy tate Fbrids at targe
My Commission eapi~_n: -
Return To:
First Fedenl Savirgs d. Loan Association 249393
Of Fort P;erce_ - . - ~F~`
fart P:erce. Flo.ida ~ 7. 191~
. , _.rarxe Co. .
_ . _ ~,~\~'~i1U!:ti;~
This Instrument Pre red 8 ~~l`~.~ ~ . ' : ~ti
pa y R. L. Stutz Fl~Ea QtCUitOEA b, :
First Federal Savings & loan Assoc~ation ST.LUC~E COUNTY FIA. ~
~ of Fort Pierce , Rlorida RGG: R~:~TRAS ~ b r.~,~ ~ C:~ _
ClE4K ~.'C~I^ COURT ' ~ ~ -
Checked B p~~oF? v~= i ~F: _ T ~ = -
Y ' . Z d JC1 ;o~ _
i AM 13 ~ ~
~ z~1 23 7 Q:~
°o~~ ~ac~ 0 M~tt 11 9 8 ;f~~,•.s.~;
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