HomeMy WebLinkAbout1619 3. To pl~c~ and contin~ously kcep on the bui,d~nqs now o? herea(te~ sitwts on taid land and on a!I equip~nent and p~rsonally covaed by lhis mor1Q~
sy~, with all premiurrq therew~ pa~d in full, fire insur~nte in ihe usu~l standard poticy fwm, in • tum ~pptoved by ~h~ MOR~GAGEE, and windslwm
1n~w+nc~ in dw uswl a~~ndard pol~cy fwm. in ~ ~um approved by ~he MORTGAGEE, in such company w companies as tM MORTGAGFE may
dirsctj and a!1 tir~ and windseoim insur~~t~ pol;cie~ on any of sa~d build~nps. any to~a~~~ ~Mrein w parr theraof, in tM +9yrc9~~e ~um afwesa~d w
In exceu Ihereof, ihall contai~ ~hs usual ~tandard mor~qa9ae clause w such oiha claus~ ~t tFw Mwtpagee may requ~r~, makinp the lo?i unde? sa~d poiF
c+es, each if1fl OvNy, payabl~ to uid MORTGAGEE as irs inte.est msy appear, and each and eve,y iuch policy shall bs prompely ass.g~ed and delive~ed ~o
+ny held by ~id MORTGAGEE as further iecurity ~o said mortyage deb~, and, not leu th~n ten (10) days in sdvance of ~hs e:pir~tion of each policy, to da
livsi to taid MORTGAGEE e renewal lhereof, togetMr with a receipt fo~ Ihe premium of tuth renewal; and there shall be no fire or w+nds+orm insu~ants
vl+ced on any of ia;d bulldings, ~ny intcrest there~n a pa~t thereof, unleu in ths form and with ~M lou payabl~ u+(aesaid; and in the event any svm
of money becomea payable under such policy or policies ~aid MORTGAGEE shall have tM optan to receive and apply ths same on accounl of Ihe indebted-
neis setured herQby or to permit said MORTGAGORS fo rKeive and use it p any pa?t thereof lo? othcr purposes, ~vi~hout th~rcu/ waiving or unpair-
ing any eq~ity, lien w~ight under or by virtue of thii mo:tgage; ar+d i~ the eve~t said MORTGAGORS shall fo~ any reaso~ fail lo keep the said premisrs so
insured, a fail to deliver promptly any of said policies of insursnce to said MORTGAGEE, or fail promptly to pay futly a~y premium therefo~ w in a~y
respect fail to perform, distharge, execute, effett, complete, comply with and abide by thit cove~ant, or a~y par~ Ae~eof, said MORTGAGEE may place and
pay fw tt?ch insurante w sny part tl~ereof without waiving w affeding any optio~, lien, equity, o? righl under p by virtus of this Mortgage, and the '
full amount of each and every. such paymenf shall be immediately due and psyabls and shall bear interesl from ths date thereof until paid at the rate oi '
nine per centum pe~ annum and together with such interest shall be secured by the lien of thit mottgage. ,
4. To pe~mi?, commit or suffer no waste, impairment a deterioration of said property w sny paH thereof.
S. To pay all and singulsr the costs, charges and expenses, including a reasonable attaney's fee a~d costs of abstrads of title, incurred or pa~d at
any time by said MORTGAGEE, because oi in the event oi tl?e failure on the part of the said MORTGAGOR to duly, promptly and fully perform, d~uhs~ge.
zxecute, effett, complete, comply with ant! ab~de by each and every the stipulatiw~s, agreements, conditioru, and mvenann of said promiswry note and this
mortgage any w ei~F?e?, and said costs, charge~ and expe~ses, each and every, shaN be immediately dus and payable; whethcr d not there be notice dr
mand, attempt to collect w suit pending; and the full amount of each and every such paymem shall bear interesl from the date thereof until paid a1 the
~are of ni~e per centum per annum; and all said costs, charges and expenses incv~red or paid, together w~th such interest, shall be secured by the lien of thi~
mo~tgage.
6. Thsf (a) in tl~e event of any b?each of this Mort e or defaul~ on the `
9a9 pa?t of the MORTGAGOR, or (b) i~ the eve~t any of said sums of money
herein referred to be not promptly and fully paid within thirty (30) days nexl aiter the same severally beco~x due snd payable, without demand or isotice,
or (c) i~ fhe event each artd every the stipula?ions, agreements, conditions and covenants of sa~d p?omissory note and th~a mortgage any w e~ther are not
iuly, promptly and fully performed, d;scharged, executed, eifected, comp{eted, complied with and abided by, then in either o~ any such event the said ag-
gregate sum rt~entioned in said promissory note then rertwining unpaid, with interezt accrued, and a!! moneys sezv?ed hereby, shall become due and pay-
abte fwthwith, a thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said wms of money were origi~ally stipulated
to be paid on such day, aoything in sa:d promiuwy note or in this Mwtgage to the co~trary notwithstanding; and thereupon oe thereaftar at the option of
sa;d MORTGAGEE, without nouce or demand, suit at law or in equity, therefue or thereaiter begun, may be prosecuted as if all moneys secured hereby
had matured pnw to its institution.
7• Tha1 in the event that at fhe beginning of or at any time pe~ding any suit upon this Mortgage, w to fweclose it, w to refwm i?, or to eniwce
payment of any claims he?eunder, said MORTGAGFE sFwll apply to !he Court having juriuiiction tt~ereof for the appointmcnt of a Receiver, such Court shall
Forthwith appoint a receiver of said mortgaged property all and aingutar, includ~ng all and singular the income, profits, issues and revenues from whatever
source derived, each and every of whKh, it being expressly understood, is hereby mortgaged as ii specificaUy xt fath and deu?ibed in tbe granting and
habendum clauses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and
such nppointme~t shall be made by such Court as an admitted equity and a matter of absolute rigM to said MORTGAGEE, and without referenc~ to the
adequaty p inadequacy of the value of t1~e proporty mortgaget! or to the soivency or insolvency's1E'uid MORTGAGOR p the defendants, and that such
renrs, profiri, income, ~uues and revenues shall be applied by such Receiver according to the lien w equity of said MORTGAGEE and the practice of such
Court.
8_ To dvly, promptly and fully perform, discha?ge, execute, effect, complete, comply w;th and abide by ~ach and evary ihe stipulations, agreements,
conditio~s and covenants in said promissory note and this mortgage set fonh.
9. That in the evenl the ownership of the mortgaged premises, or any part thereof, betomes vested in a person other than the MORT('iAGOR, the
h1C3RTGAGEE, its svccesso?s and assigns, may, without norice to the MORTGAOR, dea! with sucb suttessor a successw in interest with reference to this
m.ortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating w diuharging the Mottgagors' liability herr
under w upon the de6t hereby secured. No sale of ~he premises hereby mortgaged and no forbearance on the part o( the MORTGAGEE a its succeswrs
or assigns and no extension of the time for the payment of the debt hereby setured given by the MORTGAGEE or its suctessors or auigns, shall operate
to release, diuharge, modify change or affect the original liability of the MpRTGAGOR FKrein, either in whole or in part.
10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder o~ of the obligation se-.
cured hertby shall at any time tbereafter be held to be a waiver of the terms hereof or of ihe instrument secured herby.
11. In add~tion to the forego:ng monthly payments of princ'pal and interest required by the promissory note secured hereby, mortgagor covenants
and agrees to pay to mortgagee with each monthly payrnent an addirional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow-
ing;
A-Ali real property taxes levied or assessed agai~st the above described real estate.
6-Premiums on fire and windstorm insurance as here~n requ~red to be carried on the improveme~ts situate on the above described premises.
C-Premiums on such mortgage guaranty insurance as mortgagee shal) from time to time deem fit to carry on the loan secured F~ereby.
Mortgagee sfiall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and
Fayable on the due date of the next monthly payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such
amount. Such sums sF.all be applied by mortgagee toward the payment of real property taxes, i~surance prem;ums, and mortgage guaranty insurance
p~emiums.
IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid.
Signed, Sealed and deliv ed in the presence of: ;
~ ~n ~
~ . Dz ~a~
Sea~ ~
EV@lYA . ' DI (5caq ~
STATE OF fIORIDA ~
COUNTY OF St. Lucie
Before me personally appeared Kenneth 12 • ~Z QM
and
F~~~ V" * DZ~ his wife, to me well known and known to me to be
rhe ~nd~v~duals desuibed in and who executed the foregoing instrument, and acknowledged before me tlut they executed the same for the purposes
therein expressed. And the sa~d_ ~elYn L•
.~~fe of the ~;d Kenneth R. Drew ~
upori a separate and private ~
examination by me taken separate and apart irom her said husband, atk~owledged to a~d before me that she exetuted said instrume~t ana Yol~rr :
ra~ily and without any compuls'an, consrraint, appre nsion, or fear of or from her said husband. ,~~~~~r~~".. ~'F•- i
WlTNE55 my hand ared offieia! sea! thi ~ day of A 11 ' .I j~
_ , ` /l,;~'~
C' ~ G
~ ~ Notary Public in a' for t aR •At :~t' L~r9e J, r=
~ My Commiuion~expiros: _ ~ p ~ . 4 _
Return To: ~ N O T
A R
I' W
1 B Ll C.
1~
T~t~ ot ~Rlp~~~E
First Federal Savings b loan Associat;on ~ vq • MX:
p~~~SF~ ExP~~~ n E ~
Of Fort P~erce. ~ ~r1 ~ 7,. ~
' . od~ irniu,{~.ati;~..}~ ~.~'.~'-~Y'~~''.a.1,: - i
Fort Pierce, Florida y .~j , + !
_ 25315'7 - . ' T.;;~E'
-r. ~ue.,,,. •
This Instrument Prepared By John W. Collil'fs ST
IUCIE COUMTY FlA. ~
First Federal Savings & Loan Association ROCER POITRAS
of Fort Pierce Rlotida CIERK C?RCUIT COURT
' RE~~RO YER~~IEO
Checked By ~ ~ ~S 30 ~Q 20 ~ 1~ j s
RIi
~ ~~2'i3 P,~i6i?
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