HomeMy WebLinkAbout2319 3. To pl~c~ an~ con~inuou~ly kcep on ~h~ bu~!d~.~gs ~ww w h.ereaRtrr yiwtw on sai~ laad uxi on aN equip/n~eN ind pason~lly tovered by this mor~g~
~gs, wi~h all ptmiums thereo~ pa.d in tuil, fire insw+nte a? the c,sual ua~-da~d poiicy 1orm, Sn a wm app+o.cd by th,: ;At~R[GAGFE. +nd windseam
~nswanc~ in ~M uwai uandarJ Fot.cy tam, in a sum approved by tM MORTGAGEE, in ~uch con,pany o~ campan;es a th~ MORTGAGEE may
d~rece; snd a!1 f'a~ and w~rd::ornc insura~+ca poliuet on a~y of seid bvild,ngs, ~ny i~reres~ ~hsr~in w pa.~ ~Fwreol. in ~he +99r-ya~e sum afarcta~d or
In ~acess ehrreof, shall :onroin ihe uswt tundud margagte dause a iuch o~her c!wse u ~M M«~yaqe~ may requ~rs. m+k~np ~he iou undr. sa~d polF
c~ea, e~ch ~nd wery, payab'e ro ssid A14RTGAGEf ai ~ts interr~t may appeu, u~d each a~d every tuch pot~cy shall be prompNy ass gned an~d de~~vered ~o
~~y held by sa~d M~JRIvAGEE as fw~F?e~ sxur~ty w ia~d mwtfle9e debt, a,,d, no~ !eu than ten (10) davs in ad~a~ue of tha expiraticn of e+ch porc~, ro d~-
I~ver 1o said MORiGAGiE a renewal thereof, tcge~her wi~h ~ rece~nl (w t!?e pr~m~um o! s~ch renewal; and ~he~a ihall be ro f:re a? windito:m inwrance
P~eced on iny of s~~d buildinps, any intc~csl the~ei~ or par~ ~hereof, unieu in ~M form and wiih ~M loss p~yabl~ as a~aesaid; and in ~he event any sum
of monty becomes payablr vndcr s+.Kh policy o~ pol~cies sa~d MORTGAGEE s1wI1 have ~he ophon to .eceiva a~~d app(y 1M sa~ne on accaunt o( the i~:~ieGted-
ntss tetured i~erepy or b pe~mit said MORTGAGORS fo rtcaive +nd uss if Or any part the:eof for otixrr purposes, ~v~thout ihrreo~ wai~in~ ~~npsir-
~~+g a~y eqvi~y, IiM p r~gh~ under a by virtue of this moreg~p~; and in 1he event ~a~d MORTGAGORS iF+all tor any reason (a~l to keep the sa~d premisrs so
~ns~red, or (sil 1o delive~ prompt~y any ot said polKies of insu~a~+ce 1o said MORTGAGEE, er fai! prompt;y to pay fully any pre~n~u~~ tl+erefw or in a~y
respen fail b perfwm, d~sc'urye, exrr~ee, elfect, comp:ete, comply with ~nd ab~de by this covenan~, a any pa~t hrreof, said MORiGAGEE may p~acr a~.d
oay iw such ina~~ance or any part thrreof wriThout waiving or affsttinq any optia~, lien, equ~iy, w riyht under w by victw ~F this Maegage, and thn
fvN anwu~t ot each and eve~y tuch p~yment shall be ;mrned'utely d„s and payable and sha11 bear int~rest from the dale the~eof umil paid at the rals of
~~ne {,e• cenwm pQt srvwm and to~rthr~ wi~h such i~rerest shall be secured by the Iien of this morrgaye.
To permit, cornmil or suffr? no wra~e, impairmc~~t or dete~ioration oi said ~uope~ty or any put thereof.
S. To pay ~I) and sinyutar the costs, chugcs a.~d eapPnses, includ~ng a reasonable attwney's fee and costs o? abtt~acts of t;tle, 'ncu~zed or pa~d at
eny time by said MOR1GAGfE, because or in tAe evcn~ of ihe (a~lure on tFk pa~t of the said MORTGAGOR ro duly, promptty and futly pe~form, d~xharge '
_,ecwe, effect, complete, compty w~th and ab:de by each and every ~F+e stipulaeo~s, agreemenis, cornl~Gons, and covenants of said pra~n~siory note and this '
mortg+ge ~ny a r~the~, and sa:d costs, cAarges and expcv~ses, exh snd every, shall bs immediately due a~d payable; whefhe~ a not r±xre fx nof:ce d~
~,and. attmr.pt to collect pr suit pend~ng: snd tF+e full amount of cach and every svch paymcnt shaU bca. in~eresl from ~he date thereof umil p,~id at the
..,re of nine per crnwm per am,u:n; and ail said costs, charges and expensea incur~ed or paid, toge~he~ w~th such :nterest, shr!! be aetured by the lim o( 1h:s
mo: rgage.
6. Th~t (a) in thc ev~nt of any breach of this Mortgage a drfault on tF,e part of the MORTGAGOR, w(b) i~ the event any of said sums of money
he.ein referred to be not prort:pNy a-~d fu:ly paid within th;rty (30) d?ys next afte~ tFx same severatty beco~~e due and payabte, wirhour demand or oot;ce,
er lc) in tl~e erent each and ev~ry ~he sl~pulations, sgreements, cond~rions and covenan~s o1 sa.d p~om~ssory note ar~d th~s mortgage any a eitlter rre ~01
i~ty. prompdy and fully pertumed. d.xMrged. executed. e}fectrd. compk:ed, compircd with and ab~ded Sy, then in e~ther w any such evero the sa~d ag
^y'Mi1Q wm mentioned in sa~d promissory nore then rema~ning unpaid. wirh infe,est accrued, and au moneys secu.ed F~ereby. :hall become d~ and pay- i
a~,e forthwith, or rFxreafter, at the option of sa;d MORTGAGEE, as fully and comptetely as if all of the sa~d sums of money we~e w~9inally st~pu:ated
ro be pa;d on such day, anyfhing in sa.d praniaswy oote or in this Mwtgsqe ro the co~trary ~orwirhs~a.-xl~ng; and thereupon a therea.`rer at the opnon o}
sa;d MORTGAGEf, without nonce or demand, suit at law a in equ~ty, theretwe or thereaf~er begun, may be prosecute~ as if all moneys secured lxreby
nad ma~urcd pnor to ~ts irntiiution.
7. ilul in tF~e evenr that at fhe beginni~g of or ~f any time pending any suit upon this AAortgage, or to foretlose it, w to refwm it, w to enforce
payme~t oi any cla;ms i+aeurwer, said MORTGAGEE shall apply to the Covrt having jurisd~ct~on thereof for the appoi~tment of a Receiver, such Court shall
fcrrhwirh appoint a receiver oF sa~d matgaged p+operty aq and singular, incl~d~ng ail and s~ngular the incoa~e, p?of~ts, iuues and revenues from whateve~
sc~~ce d:~ived, each and every of whKh, if be~ng expressfy undzr:rood, is hcreby mongaged as if spec:ficalty ut fo+th and descritxd in t!x g~an~ing and
h3bendum tlauses hereof, and such Receive? shall have all the txoad and eifece~ve fu~u~ons iM~ POwlfi in anyw~se enuusted by a Cour~ to a Recei~er, and
s.:h appoin:ment shall be made by such Court as an a~mitted equ~ty and a matter of absotute righf /o sa~d MORTGAGEE, and wirhouf refe~erxe ~o ~he
edequacy p c:wdequacy o} tF.e value of the p~operry mortgaged or lo the so~venty or insolvenc~• of sa~d MORTGAGOR w the defenda~ts, an~J thal such `
re~~s, proF~ts, income, issucs and revcnues shall be applied by such Receiver accord~ng to the lier? or equity of said MORTGAGEE and the practice of such
Court.
8. To duly, promp?fy and fully pCSlo~m, discFurge, exccute, effect, complete, caTply with and sbide by each and every the stipulations, agrcements, ~
conditions and covenaots ~n uid promissory note and th~s mortgage xt forth. _
9. That in the event the ownership of the mortgaged premisas, w any part thereof, betomes vcsted in a pNSOn other thao the MORTGAGOR, the
.•.ORTGAGff, in wcceuws and ass:gns, may, withovr norice to the MORTGA~R, deal with such successw a svccessor in ~oterest with reference to this
~~afgage and the debt hercby secured ;n the same man.,er as w~fh 111orcgagw wnhout any way vit;ating a d~scha+ging the Mcutgagors' IiabiGty F?err
u^der q upon the debt hereby sac~red_ No sate of the premises hereby mortg~~ged and no forbearance on the part oF the IJ~ORTGAGEE o~ its successors
or ass~g~s and no extension of tl~e rime for ehe payment of tM debt Mreby secured g~ven by the MORTGAGfE or its successws or ass~gns, ah.ll operate
~o re!ease, discharge, modify change o~ affect the original liab:lity of the MORiGAGOR herein, either in whole or in parl.
10_ It is spec~ficatly agrred ~6at timc is of the essence ~f th[s contract and that no waiver of any obtigatlon hereunder or of fhe obligatio~ se-
cured heieby sF~aH at any time thereafter be he:d to be a waiver of the terms hereof or o! the instrument secured herby.
12. In add~tio~ to the (wego:ng momh!y payments of priac'pal and intrrest reqvired by th~ prom~ssory no!e secured hereby, morfgagor covenan!s
a~.d agrees to pay to rr.o:tgagee :~ith each monthiy payrr.ent an addrtEOnal sum est~mated by rtwrtgagee to be eq~al to l; IZ of the annual cost of tne foHow-
~~;g: •
A-All real proper:y taxes kv'~ed w a:sessed against the above descri?~ed real estate.
B-Pren:~u~ns on f~re and windvo:m inwrance as here~n req~:red to be carried on the imarovements sitvate on the above d_scribec! premises.
C-Premiums o~ such mortgage guaranty ins~rar~ce as mo:tgagee shall from t:me to time drem fit to cany on the loan secured hereby.
Mwtgagee shaEl from tirr.e to t;me nor~fy mcrtyagor i~ wrir;ny of the amount due and payable her~nder and suth su:n shali thereupon be d~e and
; sy,bie on the ~~e da!e of the next morth?~ payment and e~ch successive month thereafter ur.t(1 nwrtgagee shall not~fy mortgagor of a change in such
a~.ovnt. Such surns sha~l !-,e applied by mortgagee toward the payment of real property ta:es, insurance p~em:ums, a»d mortgage guaranty inw:artc~
n~emium3. ,
IN Y~ITNESS VlHEREOf, the wid MORTGAGOR has hereu~to set his hend and seai the day and year first aforesaid_
~ Sgned, Sealed snd 'vercd ' the presence of: .
G. a!?
_ W1IfS OA $ (Seal)
~
thleen R. Speax
SiATE OF FtORIDA i
~ouNn o~ St. I,ucie ~ u'
~
Befwe me penonally appeared W1113tOA Ca. SI?@aYS a~
Kathle~n R Snears his wife, to me well known and known to me to be
rhs ind;viduats deuribed in and who executed :he fo~egoing inst~ument, and acknowledfled before me that they executed the sarne toc~fh~ ptrc_poses
;h<re~n expressed. And the said- ~t211@@I1 R. Spears ,°t~:..~+..3'.;c
++:'e of the said Winston G. $@aZS ~~1 ~ ~ .S ~
p ~e ' rs.~~id' p.di,~M .
?x3rriifWfWn by me taken separote and apart from her sa;d husband, acknowledged to and before me that she executed s~~d~fia -iree'ly.arid v
. ~ •
!a~~1~ and w~thout any comautsan, constraiM, apprehen 'o~or fear of oi from Frcr said husband. v_ 4~ L...i
17~Y .4~..,:~p'
WITNE55 my iwnd and offic~al sea! rbis dsy of ' q. . iq~~~`
' ~ ~ . p.
~ ;
otary Publit in a f the ~ t f.F$r' at rgp •v -
My Commiuion expir , ~ '4
a~t~~~ To: ~ 3.~.~ ~.Y~'•~:.:..•E'~c
Firsf Federal Savings 3 loan Associat~on •~~i~"": Sj/~~
Of F~rt P~EtC~. '~fj/Illr....
Fort Pierce. Florid~ ~~Q f,k~ '=ELUf~QE~
`UCtf G'~:;Mir FLA.
~lOSCfi FOITR~S
.
CLE9( ~_utT CONRT l"
7his Instrument Prepared By Gary F. Bllwooci pfrfsP,~ 1t' ~~~D
first Federal Savings & loan Asso~+ation ~
of Fort Pierce ~ It1t~Zida? M~ut 11 919 AN 73
~h~k~ gy 249398
3URi( ~1~ PAG~ ~1~ {
1s
~ ~ Y _ - - - - - -
~~'F:E'.~~' ys~k !,.~,'-~:.e__~Aw _ - . . , -'Y" ~ n
. . _ . `~,.:a=~~r~.~`-=sftr~ .