HomeMy WebLinkAbout0210 To plac~ and co~rinuously kcep on tFx bui!d~~gs now a heraaf~~r ~itua~~ o~ ~a~d land and on slt e~uipme~t ~nd per~onally tovercd by lhi~ matg~
sp~, with all prtmivms lherbon pa~d in (ull, f~re insuranc~ in ths usual s~anderd polity fwm, in a sum approved by the MORtGAGfE, and windf~wm
insu~~nct in tht usual •e~nda~d pol~cy to~m, in a sum ~pproved by ~M MORTGAGEE, in tuch company o~ compa~iei a~ ~he MORiGAGEE may ~
dir~ct; ~nd all fir~ and winduorm insurance polici~s o~ any o( u~d build~nys. any int~r~st fherein or put thereof, i~ IM aggregue sum afaessid a
i~ ~xc~u thereof, ~hall con~aio th~ usual ~~andard mort~~ye~ tlsuse w such orher claus~ ai ~M Mwl9agae may requ~r~, makinp ~he lo~s u~der sa~d po1F
cies, eacfi and evcry, payable to iaid MORTGAGEE ai its interest may ~ppear, and esch and eve~y s~ch pol~cy ihall be promptly asa gned and delivcrrd ~o
+ny held by faid MORTGAGEE a~ fur~her security to s~id mortyage debt. ~nd, rwt leu than ten (t0) days in advance of tha e+cpirafion of each polity, !o d~-
!iw? to ~aid MORTGAGEE s rtnewal thereof, togetl?k with a raceipl (or the premiom oi such renewal; and the~e shall be no fire or winds~o~m insuronce '
plac~d on any of ssid buildings, any interesl thefein or parl thQreof, unless in tM form a~d with ths loss payable as sfwesaid; and in ~he evenl any sum ~
of money bece,nei payabte under such poiicy or potKies wid MORIGAGFE shall have ~he opt~on to receive arx! apply the same on actouM o! the indebted !
ness sttured hcreby w to permil said MORTGAGORS to reteive and use it p any parl thereo! fo~ othcr purposes, without iho~tbr waiving or m,pair• ~
inp any equ~ty, IiM a ~ight under a by virt~e of this matgage; and in fhe event safd /YSOQTGAGORS shaN (or any reason (si) to keep ~hc ssid premi~rs w s
insv?td, w fai) to deliver prqnptly a~y of said policies of insurance to sa~d MORTGAGEE, w fail promptly to pay fu11y any pre~n~um thereiw or in ~ny
respect t~il ro pertorm, d~scharge, execute, ef(ect, complete, comply with and abide by thii cove~anl, w any part hereof, said MGRTGAGEE may place and
paY fw ~uch irou?ance or •ny part thereof without waiving a affectinp iny option, lien, equity, or righ~ under a by virtue of this Mortgage. and the !
full amount of each and every such payment shall be immediately due and payable ~nd shalt brar interest irom ths dats thereo( until paid a~ the rate ol
nine per centum pa artnum and to~eth,:r with such interest shali be srcured by the lien of this mwtgage.
4. To permit, commit or suHer no waste, impairment ot detetioratior~ of said pro/x~ry or any parf thereof.
5. To pay al! and singular the costs, cha~ges and expenxs, including a reasonable attaney's fee and costs of abstracts of title, incurred or paid at
any time by said MORTGAGfE, becaux a in the event of the failure on the part of the said MORTGAGOR to duty, promptly and fully per(orm, d~uharge.
executa, etfcct, comp(ete, comply w~th and ab:de by each and every the stipuiar~ons, agreernents, corxliYeons, and covenants of said promissory note and ~his
ma~gage any w ei~he?, and sa~d costs, charges and expenses, each and eve?y, shall be immediately due and payable; whethe~ or not there be notice de
mand, attempt to collect or svit pending; and the full amount of each and every such payment shall bear interesl from the dare thereof unril paid at the
ra~e oi nine prr centwn ~r annum; and aU said costs, charges and expenses incur~ed or paid, together w~th such iroerest, shatl be secured by the lien of th~~
mortpag~.
6. That (a) in the event of any breach of th7s Mortgage w default o~ the part of the MORTGAGOR, o~ (b) in the eveM any of said sums of money
herein refe~red to be Rot promptly snd fully paid wi~hin Ihirty (30) days nexf a4ter the same severally become due and payable, without demand w notice,
or in the event each and eve~y the stipulations, agreements, conditions and covenants of sa:d promissory note and th~: mortgage any or either are not
~uly, p?ompt(y a~d fufly perfamed, d~uharged, eaecuted, effected, comptered, complied wirh artd ab;dzd by, fhen in e;lhrr or any such event the sald ag ;
gregate sum mentioned in said promiuory note then remaining ~npaid, with interest accru~d, and all moneys setured he~eby, shall become due and pay
able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and caapldely as if atl of the said sums oi money were wiginally stipulated
to be pa;d on such day, anyfhing in sa;d prom~uwy rwte or in this Mwtgage to the contrary notwi~hsranding; and thereupon w thereafter at the option of !
said MORTGAGEE, without notice w demand, suit at law w in equity, therefwe or thereaiter begun, may be prosec~ted as if all moneys secured hereby
had matured pnor to its institution. ~
7. That in the event that at the begin~;ng of or a: any time pending any su~t upon rhia Mortgage, w to fweclose it, w to reform it, or to enforce i
payment of any claims hereunder, wid MORTGAGEE shall apply to the Court having jurisd~aio~ thereo} for the appoi~tment of a Receiver, such Cou~t shali
forthw~lh appoim a receive~ of said mortgaged prope~ty aN and singutar, incfud~ag atl and singular rhe Fncome, p.ofns, issues and revenues from whatever ~
source derived, each and every of which, if being expressly underalood. is hereby mortgaged as if specifically sel fonh and described in the granting and
habendum clauses hereof, and suth Receiver shall have all the broad and effective fund~ons and powers in anywise entrusted by a Court to a Recriver, and
such appointment shal! be made by sucb Court as sn admitted equity and a matler of absotute right to said MORTGAGEE, and withoyt reference to the ~
adequacy or inadaquacy of the value oi the property mwtgaged or to the so~vency or insolvency oi said MORTGAGOR p the defe~da~ts, and that such i
rents, profits, income, iuues and revenues shatl be apptied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such x
CouA.
8. To dvly, promptly and fully perform, discharge, execute, effect, compkte, comply with and abide by each and every the stipulations, agreementa,
conditions and covenams in sa~d promissory note and this mortgage set fath.
9. That in the event the ownership of the mortgaged premises, o~ any part fhereof, betomes vested in a person other than ihe MORTGAGOR, the
MORTGAGEE, its s~cceuo~s and auigns, may, without notice to Ihe MORTGAOR, deal with such succeuor w successor in interest with reference to thia
mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating ar dischargirg the 1{Aortgagors' Iiability herr
unde? or upon the debt hereby sec~red. No sale of the premises hereby mo~tgaged and no forbearance on the pan oi Ihe MORTGAGEE or its successors
or ass~gns and no extension of the time tor the payment of the debt hereby secured given by the MORTGAGEE or its successws or auigns, ahall operate
to retease, d~scharge, modify change w affect the origina! liability of the MORiGAGOR herein, either in whote w in part.
10. Ir i~ specifically agreed that ~ime is of the essence of this contract and that no waiver of any obfigat~on hereunder or of the oblgat'a~ se-
cured hereby shall at any time ~hereafter be he:d to b~: a waiver of the terms hereof or of the instrument secured herby.
11. In add~tio~ to the fwego:ng monthly payments of princ~pal a~d interest required by the promissory note secured hereby, mortgagor covenants
and agrees fo pay ?o mortgagee with each monthiy payraent an addnional sum est;mated by mortgagee to be eq~at to 1/ 12 of the annual cost of the follow-
ing:
A-All real property taxrs levicd w assessed agai•~st the above described real eatate. ~
B-Premiums on fire and windstorm insurar.ce as herein requ~red to be carried on the improvements s~tuate on ihe above described premises. ~
C-Premiums on s~ch mortgage guaranty ir.sura..ce as mor?gagee shal) from t~me ro t~me deem fit to carry on the loan secured hereby. ~
Mortgagee sha!) from time to time notify morlgagor in writing of the amount due and payable hereunder and such sum shall ihereupon be due and
Fayable on the due date of the next month!y payment and each successive month thereafter ur.til mortgagee shall notify mo~tgagor of a change in such
amount. Such sums s~ai! be app!ied by mortgagee toward fhe payment of real property taxes, insurance prem:ums, and mortgage guaranty insurante
premiums.
IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his har.d and seal the day a y r firs aforewid.
r~etl, Seated ' ered i~ the presonce of: '
, • ~ a4
~ (Seal)
(Seaq
Janett M J ~~a~~
~ S7AIf OF FLORlDA ~
CouNTY Of St~
Lucie
Before me perwnally appeared Riehard J• .j0 11S a~
_Ianatt M~_Jp~S his wife, to me well known and known to me to bs
I~ the individuals described in and who executed the foregoing instrument, and acknowledged befwe me that they executed the same for the purposes
~ therein exprcssed. And the aaid 7 n ~i .-iehnS
w]fe of the said - Ri r~haT`d i Tnhnc upon a separate and private ;
examinatioa by me ta4en separate and apart from her said hvsband, atknowledged to and before me that s1~e executed said instrument freely and vol~n-
rarily and without any compulsion, constraint, appreh~~`js' ~ fear of or from her wid husband.
WITNE55 my hand and official seal this ~'s dsy of A. D. 19~_
. ' ~ ~ .
No y Public in and fw the State of ida at ge
' Commission expires:
Return To:
First federal Savings b Loan Asspciation
Of Fort P:erce. ~
Fors P~Prce, Flor~da NIY CO?~n,'oI`$IuN EXPI~ES DEC. •29~: 1~~
~ Bon,S;d :.,•u G~ ceral L:;;;~antE'lfndEh~jrEN. -
~ . `~~1~~~' . ~ ~ .
i~~ ~ ~ l` ,A- • • "
This Instrument Prepared 8y Gary F. E1Zwood AafF ~~r'
First Federal Savings 8~ loan Associafion CLfRKtIRCU1TC011Rt ; : : '
of Fort Pierce , Florida RECQRO VER'FtED : ~ : ; _ _
Checked BY ~ ~ ~6 `Z ~ 1 ~1 ~ l ~ , ~ - = ~ ~ .
• ~~•'L':`.;.~ ~ .
gacx z1~ ?~ac~ z1~ ~5212'7 , ~
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