HomeMy WebLinkAbout2652 J. To place a~d cw~t;nua+ily keep on the bui:d~ngs now a t~er~ofter ~:ruste un iy~d Iand a~d on sl: equia~nem and Fenonally co~ered Gy th:a mor~g-
sye, with aU F~amiums tharroo pa~d in i~ll, f,ra i~awo,.it ii~a ufuai ua~os~u po:~ty fa~~. i~ ~ s~T sHproved by ihe MORtGAGff. and w~ndi~orm
ins»~aoc~ in ~he usuat sstnd,rd po':cy (o:n~ in a sum ap~io.ed L; ~he MORIGAGEE, in such cwnpan~ or co~~:~an:cs as ?ht N.ORTGAGEE may
dhea; ~nd all iire and w,nditorm ins.eranc~ pol~c~zi o~ a~y of sa.d bu~id~~gs, any in~e~est the~e~n or par~ thcrtof, in ~he aggr~g3~e i~m afo~es.td w
in excess rF.creol, shail :onta~n ~lie vsual s~andard moregayer ua~~se or such ~rher da~se as the Me+eyagre may req~.ro, mai~~g ehe tois undrr sa.d poit
ries, eacA and eve~y, oarabir !o aa~d htJRTGAGEf ss +~s mterest may ap{xar, se~d each and every svch po'~c? sltalt Ix pranp~ly ass g~~od ond de:~:rred ~o
•ny held br si:d !~!CRi~.~~E~ as furrh~r sewr~ty ro se~d ~tiort9age d~•br, anJ, ..ot teu ~Mo ~en iSOi days ~n adra~~ce of el~e ex,~~ru~o~ of each pol;cy, ro da
t~ver fo ttid MOR~GAGEf. a renewal thrr~of, icge~her wnh a rece~pl fa the prrm~um of such renrr.al; and ih:re shal~ i:e ~w i.ie or .ti~nds~o~m insurance
p~aced on any of sa~d bvi~d~ngs, a~y iNrresl therem or pan the.eoi, unlrss in ~he form and w~~h the loss payeu;e as a[oreso~J; .r~ h~ d~r r~rm eny sum
of money beconus payabie vadtr s~c6 poticy a pol~c:as sa~d btORTGAGEf sh~l1 have eha ophon to rr_e;~e ~~~d apf,`y dia sa~~,e on accoun~ ol ~he ind~-btrd-
nefl SKUf~ ~+~tby O/ f0 PCrmit 3d~id ~dORTGAGORS to flCdivd bn~ uu if N . i4:: ~-~E . .,•~i u~~i :iicS. "l~n~~~~! ~ii u; ~n.:~.~.i3 ~r
~ng ~ny cq~rty, Gea~ or rlght u~der w by virfue of this rcwegage; a~d in ~he evem sa:d•h1ORTGAGORS sha!t fw any rrasan fait to kecp ~he sa~d ~e~n;a:s so
inwred, or fai! to deliver prpmplly any of said pOLtits of inauraMe Io sa;d MORiGAGEE, o~ f~i! prunip~ll to pay fu'~ty any prem~~m thtr~!ot or ~n ~nr
respect fail ro pe~fwm, d,scha~ge, exccute, effecl, con.p[e~r, compty wirF and ab~de by this coven~~t, w any p~rt hareof, sa~d M~,Rt;,AGEF ~na; p~ace a•~d
pey for such inau.ence cv any part ~hereoi r:~rhouf vraiving w affecei~g any q~rwn, l~en. ~qudY, or nghf under w b~ v~r~ce of ~h:s .Llaegaye, a~:d ihe
1u11 a~novM o( e+ch and every such payme~~l shall be immed~ately d~~e and p. yable snd shail bear in~•:~¢s~ from the daro thereof un~il a.,:d at tn~ ra~r o1
n~ne per ceNU+n pet ann~~n and to3rthrr with svth intr~est sh~u be tecu~ed by Ihe lien O~ th~s mort9age_
1. To pe~mit, conm~l o~ sulfer ~o :vaste, impairmznt o~ dcterioration of sa~d prope~ty or any part the~eof.
5. To pay atl and singu(ar tl?e cos~s. <fwrgts and exF~enses, ~ndud"uu~ a ieasoneble attorney's iee and costs ot abstracts of tiNe, incurred w pa~d a!
any time by sa~d AIpRiGAGEE, bcca~se or in the event of the ~a~iure on ihe part of ~he sa~d MORTGAGCIR to du~y, pro~nptly •nd fu~ly pe~torm, d~scharge
e,ecu~e, e:feU, cemplete, comp~y w.th and ab:de by each and eve~y the stiputauons, agreen~rnrs, cond[t~cns. and corenan~s of sa~d p~om~ssory note a~d th~s
,~or?gage any or e~~hev. a~~d ia:d cosn, clur~ra .n.1 t.~..f~s, 3;~ eve:y, shall be immcr~~atc~y due and pavable; wheeh~. p nor t~ere be no!~ca d~
mand, attempt to collect cr sv+r pend~ng; and the full amou~t of each and every such payn,znt shall bea. intrrest irom the dare rhereof unrit pa~d at rl~e
~.~+e o+ n~ne ~er crnr.,~n per am~a:n; and a!t said cosrs, charges and ex~rnses ~ncurred or pa~d, ~o9ett~er w,th such in~errat, :hall be sec~red by tAe I~en of th~~
or ~gsge.
6. That (a) in ~he ~vr.+~ ~.+y Me~ch of this Mortgage or drfautt on t1a part of the MORTGAGOR, w(b} ;n the event any oi sa:d sums of mo~ey
h~rein refer~e~ to be not pranpt:y and fu:ly paid w~rh;n in~,i~ ~30) days neat ai~er iFr_ sa~ne se~era:ty become due and payat~le, w~thout demand w not~ce,
or (q in the everu each and every the stipu~ations, agreements, cond~iions and covenanrs of sa•~ prom~ssc~y ncu a~.d ih,s morigage any or e~ther are not
iuly, promptly and fulty ~;rformed, d.uharg_d, execurrd, e(fected. canp;ered, con,pl~ed w~rh and ab.ded `,y, then in ~:ther oi any such event the sa~d ag
gregsre sum menr~oncd ~n said prar::sory nore then rema;n~ng unpaid, wi~h in~ere,t accroed, and a:l ~nona y3 sewred hereby, shall become dv! and pay-
a~'e (orrhwith, o~ thereafrer, at t!~e opnon ol sa~d MORTGAGFE, aa iuiiy and compte~e:y as if all of ~I~r s~id sums of money vYere w~g~na.ty sr.pu;aeed
ro be p.ti;d w+ such day, anyrhirsg ;n sa:d pran~s:oay rwte w in th;s Mwrgage to ~he corurary nor.v;~hstand ny; and thereupon w tFKreafter a~ Me opt~on o(
a+:d MORTGAGEE, wnhout nance or d¢mand, suit at law or in equuy, the~efore or therealter br~vn, may be prosecutrd as if all moneys secured he:eby
n=d matuted pnor lo ~ts inst~tut~on.
7. Thaf in the eren~ ihat er r~,e beginn~ng of or at any ?ime pend~ng any su;t ~~pon this Mon9age, or ro foreclose it, or to reio.m it, or to enfo.ce
payment of any claims hereunder, sa~d MORTGAGEE shall apply to the Cour~ having ~ur:,d:cnon f~ereo4 for ~he appo~ntment of a Rece~ver, svch Covrt shail
ic: thwith appo:nt a rece+ver ol sai mo~tgagcd property all and singu(ar, incfvd.rr~ a:r and sin~v:ar the ~r.co~ne, C~of:ts, issues and rtvrnues l~em wh~tever
sc~rce derived, each and every of wh~ch, it be.ng express!y undantood, ia he.eby meriqjged as if speaf~cally set fath and dexribed in the g~ant~nq and
t~abendvm clauses tKreof, and Such Rrceivrt aiwl: i~avr e~i tha Lr„ad and eeiec•~ve f~nr..o~s and pOwera in anyw~~o s~mri.atetl by a Co~~.t fo a Rec~;~•er, a~a
s_ch appointme~ir sha? be made by such ~ourr as an admitrrd eqv~ry and a mat~cr of a5sotute right to sa~d MORiGAGfE, and wi~hc~t re(eren~e to the
a~::q,raq or inadcqvacy of the value of Ihe property npr~gaged pr to ~ha so,vrncy or ,nsmvency oi said MORiGAGpR or the defarxlants, and tha~ s~ch
~~•~.•s, pro(its, income, issues and revenues shatl be appt~ed by sucA Receiver accord~~~g ro the lien or equ:ty of sa:d MORiGAGfE and the pract~ce of such
Court.
8. To duly, promNtly and fuNy perform, dischargc, rxecut" effcct, campiere, cat,ply w~th and abide by each and every the stipvlat:cns, ag~eements, ~
:~:~d~t~ons and covenants ~n sa~d p~om;ssory note and th~~ mwtgage set fwth.
9_ That in the event th~ owne•ship of the mortgaged prem~ses, or any part thereof, becomes vested in a per~n other than the MORTGAGOR, the
:'~RTGAGEE, its su:cesscrs and ass~qns, may, w;rhovt no±ite the 3!Q.°.TGA^vR, denl wi~n wch successo~ w s~ccesscv in ~nterest w~+h reference t~ th~s
o•fgagc and ehe dvbf hereby secured in the same mannz~ as with ~Sort~agor w:thour in any way vit:af~ng w d~xharq~ng the /Aortgagors' tiabiiiry here-
:,r.3er w upon the debt hereby set~~^d. No saia of ihe Frm~ses h~reby mortg3ged and no 1o+bear~n~E en the part oi ~he /nOR7GAGEE or its svctessors
or ass~gr.s and no earens~on of fhe time ta tne , ayrne~~ of the debt he.ety se:ured give~ by the 1: ORiGAGEE or ~ts wccessws or asa:gns, a~~all operate
~o re~ease, d~scturge, mod~fy change or offect the orig~~,al liab~hry of the htORIGAGAR here~n, eithei in whote cr in pa:t.
i0_ It is soec~fically aqreed rF.at time is of the essence of this convacr and that no waive. of any ot:lgat.on hereunder w~ the obligatiort se-
cur~d hereby shall at any time rh~reafter be held to be a waiver oi the terms hereof w of the instr~ment src~+ed he~by.
I1_ In acid.t;o~ to the torego ng mOnth~ j payments of princ ~al and inter~st requ~red by the rrom:sscry r.o~e secured hercb~, motr~a3~: eovenar.is
agr~es ro pay w mo-~gayee vi.th each ~nonrh:y p~~~c~nr an add~r~o~al s~.n csr~.,r~ by mcvtgagee t0 be equal to i!2 of thr ..nnLal cost of the fo+~ow-
.
A-.-":11 rEal prcperry taacs le•:~ed or assess_d ay;i•,st Ihe above desv+b~d real es!ate.
B--Prem.~;~ms on f~.e and windsro:.n ~r.svra~-ce as ~e~e~o requ:red to be ca•r~~d on rh~ improve~ne~ts situate on tha above d^scr;bed prem~ses.
C-Pre~niU~rs on wch m0lty_?ge guarar.ty ir.svra~ ce as m3rrgsgeo_ sha:! f.~- r me ro r;me drem f;? to carry on the Soan sec~red hereb~.
ASorrgr~ee sha'i !r~m r~~.~.~ to f~+-re no+Efy mc.rgager :n wr~nng of the a:r.ou~t due and payable hereundrr and such sum shaii thrreupon be due and
.:,ab:e on :he d~e da!e of thr nrat monthly payment an~ eech wccessive ~.:onth rcrreaftrr ~r.tii mwtgagre sha!! ~ot;fy rrwrrgagw of a change in such
~vnt. Such sums s~a:~ ;r= app'ied by mor!qagee toward the paymen? of ~eaf prepen~ raxes, inwrance p~em.ums, and morTgage guaranfy iqgutance _
c, :~ums-
I \J NESS VUH~REOf, the s MORiGAGOR has herevnto xt h;s hard and sral the day and year fi t a resaid. t"
ned, Seated an det io e of: - ' ~
- ~ / _
~ l . -
- - " , ~(Seatl` :
- ' ,c ~ ~.~i.L ~ (S~~) :
_ y ~ ~~-~------~r-\,~{~eR~ C:
S"ATE OF fIORIDA ~ ~ .
_
St . Lucie u- ~ - ~
couvrir oF ~ . .
Be~ore me personaily appeared Charles Christo~her Hill a„a
Mdry Elaine H11~ his wife, fo me we11 known and known to me to be
I rhe individuals described in and v~ho executed the fweyoing instr~rtxM, and acknowledged before me that they exesuted the same fw the purposes
i r~e~e~n expressed. And rhr sa;d Mary Elaine H.111
~e of the said ` p
' _ C~1dr1:9S Christo her Hlll upon a separate and private
_•,m'nanon by me taten separate and apart from her said husband, acknowtedged to and before me that she execvred sa;d insrrornent freeiy and voluo-
, --~~y and wrthout any comp~?sion, constraint, app~eherK;on, qr fear of or from her said husband.
G
WiTNE55 rt~y hand ar.d off:c:aE sro: tn~s__ l~~~ day of Ma ~l A. D. 191~
r. '
- - ~f~
N~ary P~biic ~n and for )j~ $tat f F{wida at Lar~e
My Commission expires: `R ST~1E 01 f!~~P,l;J~. e: ~.~fiCE
Rerum To: A!f CQL„~'Ijj;v.Y Eai'tRES MAR. 29. 19T5
First Federal Savings b loan Associat:or ~J AR1Ef'Wq
Oi Farr Pcrte. ~ ~
Fort p;-.rcc. ftcr;dj
FIIED ~~t• r•~C~~N
ST EUCI~ ;,JUNT~ t1+
P Y R. L. Stutz pAS ~~.~1
This Instrument Pre ared 8 ~A.
GGuKi
~irst Federa! Savings & Loan Association ~r~i•-^ v~c:~:;~~~~ ~
of Fort Pierc~ , Floridd
Checked Sy ~ ~ o - ~ ~ ~ ~ ~ ~ ~
ac,~K 2~~ , ~ct
24~6~3
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