HomeMy WebLinkAbout2654 J. To plsce and conrinuw:sly kcep un ehc bai`Jmgs noYV or herraltcr ~;?uate on se+d la~xf and on atl eq~~p^+c~t and pc~so~lly ccvrred by th~s moreg-
ags, x°th all prrm~ums ~h«rw? pa d m 1ui1, f~rc ~~nwance ~n ~he usu~i a~a~~rd uo6cy io~m, ~n ~ wm app~u+rd ~y Ms MQRiGAG£E, a~~d .v~nds~am
=~surance in the us.+al ~+and,.rd poi.cy fonn, in • svm app~o.ed by rl+e h10RTGAGEE, in sucA cw~~pa.~y w co~+~panles aa ~he MORiGAGFE nay
d;ie~1; ~rx1 all (iro and w;nd~~orm insuronce poiiGes un any o1 sa~d buitd~rns, any interzst there~n w pa~t Ihc~cwl, in the a~g<<ga~e sum atacsaid w
in excess ~hereof, sAatl :amain ~he csuai stand~rd mortg.~gae ciause w such o~~~r .i~use as tho M<xfyaq:a may req~.re, ma?+ng tfro icsi w~Jr. se~d poii-
c:es, each ar~d avery, payat~'e ro se~d 1NJRiGl+G.E as ~b in~eresi may appaar, and e~ch at~d every sutA pa~~cy shail be prornptty ass y~~d a~~d dr:~yer.~d eo
•ny feeld by saiu IdORIGAGEE as furtfier secwi~y ro sa~d ~~a~yege debf, an3, nor Iess ~han ~en (t0I daYS in a~f~a~~co ol ~F~e e¦i~~+ot.o~~ oS ~.~h pot~cy, ro d.-
liver ~o sa~d MORiGAGEE a renewal thereof, togerhrr wit1~ a ~rce.pt to~ fh~ pt~rnium of such ra~e.~al; end :Iwre shail be ~o f•rr o~ W~~~fI110!+~1 ins~ran:e
ptaced pn any of said bu~ldings, any ive~esl thcre~n or parr the~rof, unirss in ~he form and w~ih ~he Ioss payab!e as aforesaid; and in the event any sum
of n:anay becornes payab~e undr~ s~ch p.~ii:y or poGc~es said h!ORTGAG€E shall have ~hr opt,on to rrca~v~ o~~d app:y tt~e sa~~~e on accou~it of the ind~~t~•d-
ness ~ecurtd hercby N lo perm;t a~~d MORTGACiORS to rt^.riva a~~d use it or any pa~t tha:rof ft~ o:i~cr H„r~.osrs. ..,~i:c~t th a~ •.,p„~.-
ing any equ~ty, li~ o~ r~ghl ondrr w by •-'•:ue of this ntor'gage; :nd in the evrnt sa.d A10RTl;AGORS sAa:l 'w any re.json {aiI to krep the :aid p~em;a~_a so
~nswed. M fail to deGver ptomp~ty any ~t soid po~~cirs of inswance to sa~d MORTGAGEE, a f.u! prompt~y to pay fu~!y any prem~~:n tn~•rctor or in a~y
rosped (ail ~o per(o~rrs, d~uharge, execu~e, e!feu, canpletr, cai,~ly w~~h and ab~de by this tove.:an~, w any p~re h~rrof, sa~d MGRTGAGfE may piace a~~d
pay fw such insu~ance o: any pa~t thereuf w~~hoW waiving or ~ffecting any op~~on, tien, equEty, or r13hr und~•r or by vueue ol rh;s /~tonyagr, aod the
f;,!I amoum o1 each a+:d erery such paymem shall be ~mmed~atety due and payable and sbaii bear ~~r~rest trom iha da~e fhereof vndi p~~d at ~t~e rare ot
r~~r.e per cenfum per annum arid to~~th:r v~~th such iNtr~=f Shait be secured by the lien ol this mortgage.
1. To permit, commit or suffer no waate, impairn~nt p~ deteriorotion of aa~d propcvty or any part tAereof.
S. To pay all a~d s~ngvlar ~he co:ts, charges and exp..nses, induding a reasa,able arraney i(ee ar.d cos:s of absf.;c?s of t~tle, incw~ed or pa~d af
eny fime bY »~d MORIGAG:E, because cv In ~he eveni of ehe fa~lure oa ~Se part o4 the se~d MORIGAGOR tc d.,ty, pra+~p~ty and fu~ly perfarm, d~sc~arge
~xrcute, efiec~, complete, to+*~ply wah a~~d ab.de by each a~d every ~he stipula~~ons, agree~uenrs, cond~~~oos, and covenanrs of se~d prorn~swry nore ard th;s
rwrgagt any w e~!her, and sa:d costs, charges and eaper.ses, eacb and every, shall be immrd~atety due and payable; whether a no! nc~re be notice da
mand, att~mpt to coCett w s~it pend~ng; and thr (ull amount oi eath and e.ery s~ch payment shall bea* interes! from the date Ihereof umil pa~d at 1ht
~e of r.:.:c r:: trnium ~rrr a~,n~:n; w,d all said tosts, cha~grs a~~d expenses incwred w pa~d, togrther wdh s~.ch interest, slull be secured by the Gen of ~h.s
mortgage.
6. Tha~ (a) in the erent of any brrach of rhis Mortgage u? defautt on I}~r part cf the MOl2TGAC;OR, or ;b) in eFri event any oF sa:d avms of mortey
h~ rein re(erred to be ~ot prompsty a~d futly paid wnh~n th:r~y (30S days ne.~ airrr tke same seve~a".~y becc+~u ~~e and payablr, w~thuut demand o~ notice,
w it) in the erent e~ch and eve~y the at~pulanons, agrerments. cor.d~nais a~ coveniros ot ia d promisso~y nota urj t}~~s rt~ortgage any w e~ihe~ are om
iuly, womptly and 1~ily performc~d, d:achargrd. exrc~i..d, effected, ~ompleted, compl~ed w~~h and ab~ded 5y, ~han fn e~:her or any such evenr che sa~d ag
~regate sum rteeneion~ in Sd1~I FJfOtit1Y10/y no*e thrn remaining unpa+J, with inte~eil acuued, and a:i inoneys secured hereby, shall become due and pa~r-
ahie forthwith, or thereafter, at t!~e opfion of sa;d A10$1GAGEE, as fully and comp:e~cly as if a~~ of ~hr sa~d sums of money vve~e a~gma;fy st~p~:ated
~o br pa;d on such day, anything m sad prom:ssory nore or in th~s btortgagc to the co~r~aay notw:rhsrand.ng; a:~d ~hereupon a the~eafter at the op~~on of
sa~d MORTGAGEE, w~thout not~ce or rizmand, suit at law or in equ~ty, the~efwe w ~t~¢reaftrr brgun. may be peosewted as ii all mone~•s secured hereby
n_d matured pnw to ~rs inst~tut~on.
7. That in the event tF~at a~ the begi~n~ng of or at any t~me pending any su~t upor~ rh~s M~rtgage, o~ to forectose i:, or to reform it, or to enforce
E-3yment of any c!aims hereur+der, sa~d StORTGAGEf shatl apply to the Cour~ having ~ur:sd:ct~on ~hereof for ~he appo~ntmem of s Reteiver, wch Court shaii
fcr.hwi~h appo+nt a receiver of ssid mortyagrd prope~ty all and singv:ar, includ:ng al! ar.d s~ngutar the income, prof.ts, iswes and reven~es from wherever
scu::e drri~ed, each and every of wh;ch, ~t beu~g exprcss~y undars~oo~i, :s he~eby mor~gaged as ~f spec.f~caily set forth and described in the gran+~ng and
habendvm clauses herrof, and wch Recriver shali have atl ihe broad a~d effece:ve func~.ons a.:d powers in anyv~•~se rntwstrd by a Cour1 to a Recc~ver, and
s..ch appointm~nt shall be mada_ by svch Gowt as an ad:nitted eq~rty a:~ a rtwttcr oF absolure r~~ht to sa~d b1pRTGAGEE, and w~shcvt referer.ce to the
~.:cquacy or inadequacy of the val~e of the property mertgaged or eo thr so.vrnty o~ insotvEncy of sa+d MORiGAGUR or the drfendants, and ~hat such
renn, proiits, income, iuues and revenues sha(I br appiied by such Recrrver ac:wd.ng to the lien or equity of said MORiGAGEE a~d the prechce of such
Court.
8. To duly, prompN~ and ful~y pr(orm, d~scharge, execure, eifect, compiete, comply w~th and abide by each and every the stipu:ations, agree~nents,
conditipns and tovenants ~n sa~d promissory ~ote a~~d th~j mo~tgage set forih.
9. That in the event ~he ownersh:p o( the n:ortgaged pre:n~ses, or any part ther~of, becarnes vested in a perwn atF~er than the MORTGAGOR, the
ti'ORlGAGEE, 7rs svccessas and ass.gns, m~y, wi~hout nos:ce to the h~ORTGAOR, deat w~th wch wcces;or a wccessw in interes~ w~~h reterence to th~e
igage and me d~u~ hereby securrd ,n tht sen:r ma~.;cr as a,:sh t:.^i2~390t 'Ndf10U1 in any way vit.ating pr d~schargi.v~ tbe Mcrtg,gors' Iiabu~ty herr
~~.der or upon the debt fiereby scc~red. No saie of rhe Fremfses h~~reb~ rrw~tgaged a-d ~o fofbearance on ~t~ pan of thr /AORiGAGEE or irs svccessors
er ass~gns and no ezrens=on of the t~:r.r fw the paymem of ~he d~•b: herehy secwed g~ven ~y the MOR7GAGfE or its succeasars or ass~gns, a:~atl opera~e
r~ releasr, d•scharge, nwd~fy ~hange or a(fect the o:~g~nai l~ab~:~ty of the IY.ORTGAGqR herein, either in whote or in parr.
10. It is speuf~cat+y aqr~~ that t~+r.e is ~f ~he essence of this contract and fhat no waiver of any ob~~gar+~ he~eunder or of !he obligation sr
cuied hereby sha!1 at any time the~eafter be he!d to b~ a wa~:e~ of the terms hereof w of the instrumeM sewred herby.
11. In a;;d.r:o~ ro ri~~ icrrgc n~ mon!h'y pay~r:,•nts of princ pal and ~nterest requ:red by fhe prom;ssery na.~ secured he+eb~, mortga~ar covenants
~rd agrees to pay to m~rtgaaee e~+h rach ~eonth:y pa,: :enr an add:rional sum es~~n a~ed by mortgagee ~o t~e equal fo i 12 of rtic• annual cusr of the to!low-
~nq:
A-Aii real Woperty tsz:s Iev~_d or assess_~d ag~~•,s~ ~he a6ove descr~b~d re~ai esrate.
B--Premiums on f~ra and wendsto~:o insurar.ce as herein ~equ:-ed to be ca.n~d en the improveme~ts s:tuate on tho abuve dascribed premises.
C-Pre~niu~ns on such moz~g3ge guaranty ~r.s~+a: ce as mortgacee shat( frcm. ume to t~me deem fit to ca~ry on ~he Ioan sx~red hereby_
Mo~tgagee she~~ !rom t7,_~e to t~ase ner]Ey m.or+.yo~~r 7n w~it~ng of thv amo~ro due ar.d payable hereunda* and s~ch su:n shail thcreupon be d~~e and
.~•;able o~ the due dare of t!:e r.~xt n;an~h.~ pay:nem and each success~ve ~~onfh ~h~reair~. ur.til mcrtgagee shalt not~fy mortoagor of a change in such
cvnt. $ui ~;~~ns ~~a:! be appl~rd by mor~gay-:e to+~ard ti~e pay+r.enr of reat pioperty taxes, insurance prem:vms, a:od mcrfgage guaranty inswance
t,•emiums_
IN V~l1N~5S '::NcR~Of, the sa~d h10RTGAGOR has Fereu~to ser his hand and saal the day and year_first aforesaid.
~ T Signed, Seated aad de~ive~ in t presence of: `
~ ' ~~i` ~ an
_ ~ r Miller ~
• . c (Seal)
- ~ _ ? . (Sean
_ ~ u ia H. M111e _~~a~~
, ,
S~:.TE OF FLORICi. ~
COUNTY pF _ St. Lu~ie ~
_ 1
Bs(we m.e personally appeared G~=9e T• Miller
Jal~a H~ Mlll@I _ h~s w~le, to rree well k~own and known to mt to be
?he ind+v+dvei~ uesuebed ;n and who executed the foregaing ;nstrument, and acknowledged before me that they eaec~ted the sarru: !for Ihe pwposes
i Julia H. Miller ~
rherein e:pressed_ And !he said , i;~ ~ ~
Geoz e i. Miller . ~ - ~ -
{a of rhe s~~d 9 u~?.~"aepa.att ~ipd p[ivjte
=..~m~narion by me taken separate and apart from her sa~d husband, acknqwledged to and befo~e me that she executed said instrNnaht freety ~re~ vo~rr
;anty and w;rhaut any comau:sion, conshaint, apprehtns~~
~~~fear of or from her sa~jd husband. ~ :J %
..:7NE55 my hand and offcial seal this_ da of March _
Y ` A. D. 1~
• R:
~ _ \ h ~
No ry Public in and or t St ;6~ ~o~da ~t ~rge_ 'v
hAy Comm~ssion expires: / ~
kerurrt To: ~
first Federal Savings 6 Loan Aswuation 7•~ 4.. ~ j}St •
Of fo.t P crc~ ! 'rr•~n.e.~?..
Fort Pi-tr~e. Flcr~da
This Instrument-Prepared By Jo6n W. Collins FILED AK[~ nECORDED
First federal Savin s& Loan Ass~ciaiion St. LUClE COUNTT fLA. ~
y R~CE~ ?C~1RkS t~
of Fort Pierce~ F10Zida CIf.RK i?",GU:T COURT ~ <
. RE~r.: ~ yr:~~=;ED~~~
Check~d By ~
~~Rx211 P1CE~~52 MaR 13 4~i6PH'73
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