HomeMy WebLinkAbout2110 To placa a+d cauwwa+s~y kNp on il+~ bu~:d.nqs no« a F.~r~al~e~ Mtw~~ on u~d la.~d ~nd on ~Il equipme~t ~nd pasonally covt~~d bY this i.wr~¢
p~, w~th aA pran~w*a ~hereon Wd ~n fuU, fve inwru~cs ~n ~h~ uwal s~.~d~rd pot:cy 1«m. in • twn appro~ed bv N?4RtGAGEE. and w~ndstorm
irow~rw in rlr vawl s+and.rd pot.cy Iwn~, in a fwn apponed by ~M 1NORTGAGEE. in wcb co~nWny o~ ca^wnN+ +s ~M MORTGAGEE may
dr~ctt and d~ fd~ M+d w~ndsa.~n waw~nu po~K:ea on +nY o( sa~d bv~~du~ps„ any iniHpt iMttN1 01 Pi~i fI1l~~OI, in th~ a~prcQ~~~ wm afaesa+d a
in ~sc~w M~erwf. shall comaL? ~1r usual su.dard mor~yay~t ciww a such aFw clww as tM Mw~paqa m~y requw~. in+linp tlr 1ou und~r N~d potL
ci~s, ead~ wd ~wry. par+bN a sad INORTGAGEE as :n imacst may ~ppeai. and cxh and ~vpy wch policy shatl b~ promptly asa y~?ed and dNive~ed ~o
any Iw:d by s+~d MORTGAGfE as (u.+he. secwity a s+~d mor~ya~e deW. a~d. rwr t~ss than ~~n (I01 days in advanc~ of ~M expirat~on oi each pol~cy. to da
Irva M said MORiGAGEE a renew~l thereof. wpt~ha with a recs:pl lor tFw prnniwn of wch renewal; and ~her~ shall b~ no f'a• w windstwm insurar+c~
plit~d on w~y o1 sad build"Mps, ~ny IMNtft /AM~M1 OI PMI tI1NlpI, unkss in t!~ fam ~nd with tht bss p+Yablt as aiwtsaid: and in tM fvM~ any swn :
p{ mpxy becpnys p~y~ble uniMr sKti pW;cy o/ pol+ci~s s+~d MORTGAGEE shall F~aw tlr op~ion to receive and ~pply tAe ssmt o~ +CCOUM of Ihe indebted- ?
neu ~ecwsd hKeby w a permit sa~d MORTGAGORS to rtuiw and ut~ A a any part the:tof fa otner purposes. w~thour Ihrr~oi wai~ing or unpa~r- ;
;n~ any ~p?~ty. I;~e~ or ~7gh~ w+dsr w by r'utw d this mo:type: and in ~Fw ~vem sa~d MURTGAGORS shall for any reason fail to keep the sa~d p~emises so
inw~ed, a/ail W detiver prornptfy u~y of iaid policies o( iruurant~ ro s+id MORTGAGEE. d tail promptly to pay fully any premium therefa w in anY
rnp~ct fail b p~rionr~, d~uhar~, eaecute, s((ect, ca*~p~Ne, comply wrth and sbid~ by this covenu?t, a ary pan herwf, taid MORTGAGEE may piace u+d
pay fo~ wcl~ irow~nc~ or a~r psrt thereof wirhout w~ivirq w affectiny any opt~or?, li~n, equny, a.igl+t vnda w by virtw of ~his Mat~sye, and the
f~ll amount of ach and we~y wch payrrrm shall be inrncdia~ely dw and pay+ble and shall beu imaest from th~ dat~ thereo( un~il pa~d a~ the ra~e ot
n~ne pe~ centvm per ~nnum and to~ethe• w~r6 wch inie.ese ~hali be xcwed by rlu lien of fhis mar~+ge.
1. To ptrreit, oomm~t a wffa no waste, impa'ument w deterioration of said prope~ty w+ey p+r1 thcreof. :
~
S. To pay a!t ~.+d ~nyvlar tl» costs, chupes and e:penses, inclvdinp s reasonabb anorney's fee and costs of abstr~cts of title. incurred w p~id at
any fime by s~id MORTGAGfE, becaus~ or in the event of ti~e fa~ture on the pan of tM ssid MORTGAGOR a duly. p.omptly and fully periwm, discharge.
r,eecut~, slfed, compkre, tomply wah and ib:de by eacl? a~d iwery ~he stiputataro, ag~eements, conditions, snd cove~anb of said promissory note and thi~
moriqape any a e~~he+, and sa~d costs, clwges a~d expenses, exh and eve+y, sh+ll be immed~a~ely dw ud psrabtr, wherhe. w not there be norice de~
mard, ~tternpr to colkct a suH pend~ny: and tir fvll arno~nt of each and every wch ~ymem shalt bea~ interest from the d~te thereof until paid st the
rare o! nine per centum ~ anwm; arw all wid costs, chuges and ex~e~+ses incwred a paid, tope~her wah wch inter~st, shall be secured by the lien of thw
6. ihst (s) in the erem of any brexh o1 this JlAortgag~ w detault on the pa?t of the MORTGAGOR, or (b) in the event sny of said wms of money
~W~- i
herein r~ferred a be na promptly snd fvlfy pad wi~h~n th,rty t30) dars next af~e~ fhe same seve?ally become due snd payabk, wi~hou~ demand a no~~ce. _
o~ (c) in th~ s+rem each u+d rvay the stipu;at~an, sgreernents, cond~eiau and cove~+nts of sa:d promisswy note and th~s mwt~sge any a either ~re ~w1 i
iuly, prompfly and fully performed, d:xh+rged, eaecuted, eifeaed, compkted. compi~ed with and ab~ded `ay, then i~ eaher or any iuch evem the said ag :
gregste win menr~oned ~n s+~d pom~ssory rare rhen rema~n~ng unpa~d, with inte.esi accrued, ud a11 moneys secured hereby, sF~all become due and paY• ~
sb~e fa~M.ith, a thereatter, at ~he opr:on of said MOR76AGEE, ss fully snd compkrely as if sll of ~he said sums of money were u~ginatly st~pulated ~
to be p+;d on wch day, any~hing a~ sa:d p~annsory nWe or in this Mortyage to the contrary ra~withstanding; snd thereupon a thereafter st the opt~on of
u;d MORTGAGEE, w~thout norKe a dem+nd, wir at law or in equity, therefae w thercafter be9un, may be pros~ated as if ~II mw~eys secured he+eby
hed matwed p~qr to ~ts ir?stitution,
7. That in the evcnt ihat at the beg~nn~rg of w st a~y fime pend'ing any w~t upon tFNS Mwtg+ge, oa to foreclost it, w 1o reform it, w to enforce
payrna+t d u~y clairns he.eunder, sald N60RTGAGEE shall ~pply to the Caun having ~ur~sd~a~on thereof /or the appointment of ~ Receiver, such Court shall
Fanhwith sppoint a receiver of said mortgaged poperlY ail and singutar, incivd.ng atl and singular the incoine.•psofiu, atues and revenuef from whatever ~
a:.urce derired, each and every of wh:cf?. be:r~ expessly undersrood, is hereby ir.wtgaged as N speufically set fw~h and dexribed in the ~ran~irg and
haberdum davses hereof, and such Receirer slwl! havs all fhe b~oad and effe~tne funct.ons and powers in anyw~x entrusted by a Court to a Rcceiver, and
e ~
~;.ch ~ppoinrment sMU bc made b~ uxh Cowt as an adm~tted equity snd a matter of absolute rght ro sa~d MORTGAGEE, snd without reference to the ~
sdequ~cy a in~dequacy ef the v~tue of the proprty nwnyaqed a to the w.vency a~r?solvency of sa~d MORTGAGOR a tF~e defendaMS, and that such ~
r.~rs, proiin, income, issues u+d revereues shali be appi~ed by such Rece~ver accud~ng io the I~en u equity of wid N10RTGAGEE and the prxtice of such
Covrt. . ~
8_ To du!y, pomp+ly and iully perfam, d'rscharge, execute, effect, comptete, comply w~th and ab~de by Each and every the stipvlatioru, sgreements,
cwtidit~ons and tovmanrs in w~d pomissary note and th~s mwfgsge sN forth_ ~
9. That in the evenr rhe owr _wship of ~he mo?tgaged pr~!.n:ses, or any psrt thntof, becants vested in s p~rson other than the MORTGA('aOR, the
?lORTGAGEE, its wccessors and ass:grtis, may, w~+hout no~~u to the MORTGAOR, dea{ w~~h such wccessa w successor ~n interest with reference to tha
rrr~+~ga9e and the dtbt hereby setured irt the same marr+er as w:th Mongagw wirhovf in any wsy vitutirg a d~uhug~ng the Mortyagors' liability har ~
~r,dcr p upon the deM hcrrb~ secu~ed_ No ss'.e af the Frem+ses hercby mortgsged and no fwbearance on the put of the MORTGAGEE a its successors ~
or ass:gns and no eatens:on of the t~me ior the payment of the deb~ hereby secured 9iven by Ihe MORTGAGEE or iri succtssors~w au"gro, shall operate ~
+o releue, dadwye, rrwdrfy change_a affect the orig:nal liab~lny of the iN~ORiGAGOR haciq, either in whole or i~ p+rt. ,
10. It a spec:fically agreed tha~ time is of rhe essence of thK comrxr and that no wsiver of ~ny ob~ignion hereunde~ or of ths oblipation sr ~ ~
n~red hereby shaU a~ an~ time fhereafser 6e Fuld ro be s wairer of the terms hrreoi a of the irntrumeen secwed herby.
l l. In add~t:o~ to tf.e forrgo"r~ rr.antn'y pa~m~nts of princ pat and interest re~uircd by the prom'ssory nore secured hereby, mortgagor tovenants ~
~~.d agrees to pay ro +no:r~agee ~.ah each mor.*hi~ pa~rntnt an adci.r:on~1 s~m esr•~rated by mwtgsgee to be eq~al to 1 j 12 of the annual cost of the follow-
r
~ , t
A-AI! rta~ propert~ uxts lr~:cr a~ ass!ssed ag~~^st tiv_~ aoo-ie deu+i~ed reat esrate. t
B-~r~~ums on fi~t a~ windsrorm ~nwrar.ce as ixrein req~:red to b? carried on the imp?ovements sifuate on the sbove destribed premiset.
C-P~crr.:ums on wch rr.o.~g~ge guranfy ~nswa.:ce as mortgagee sha~l f.om r:me ro t"vne deem fit to o~ry on the loan secure~ hereby.
ARwtgagee shalt .'ro.n r~me to t~me nor~fy murgsgor m writ~ng of the amou~t d~r_ and paysble hereunder and such wm shaU therevpon be due and
; ~,abte on tF~e duc da!e of ~h._ nexr monrh:/ payRr_nf and each successive mon~h rhereafter v~~il mortgagee s{~sll not~fy mortgagor of a change in such _
j :~ovnt. S~xfi wms sFa:l be apyS~ed by mortga~>e toaard tF+e payment of real property taxes, insurarxe prem:ums, aod mwtg guaranty insuwnce
f c -emisxns.
' IH Y/ITt1E5S YlHFR~Of, ri~e sa~d IAORTGAGOR has Fr_revnto xt h"n har.d and seai the day u+d year st sfor id. ~
f Si~fed, Sealed a.-sd deiivered in the preser~te of: i
~ , .1 ~ .n
•n
5 ~ ,q
( Seal )
St~TE OF fiORIOA ~
SS. ~ $ed~. ~ .
courm of Orange
e
;:arl L°:fOC~ , , . . . ~
e ~ ~lqf~e, to me well knawn snd knowA to ~ue ~o b~
rhe "wid'iridwb descrbed in snd wl+o execured the fore9o'v~y iratrument, and +cknowkdged lxfae me that tF~ey executed the same for tF~e purfjwa
_ ~
~~`;s~~~4„d,~ Vi k" I. va c~t wi e ~the s i~nn~th
I~.
V.an~ tt' ~
s~i aucnn ~,Ron•; ~ ~.y~= -
..sm:nat:on by me taken scparate and apart frae~~~~~d busbard,~cknowfedped w~nd befo~e ms that ~~~cvted said instr Jreely ~,Y64,n?
rar:3y and w+fhOVt srry cOmpv:siOn, constrairtt, appreheb~bl~fear of or from her said husbu~d. Y ' .y~, -
V/ITNESS my !»nd and offiual seal tlws Y diy of AP=i1 , ~ 19~:
~ ~r1~i`;v j ~
Notary Public in and fw tfie State d! E r~~~+~p4 ~ ~
~ - '
~ Mr Comrnasan expires: ~ v1 J•~ ;
Retvrn Io; •A • ~t
i
~ F'ust Federal Savin~s a I.oan /lssociat.on ~ , : . . _ . - _ , , _ - ~ . I .S. ~ i
01 fun P e-ce. I•.~ 1• -
~ _~y,~~
~ fort P~•+rJc, F~.r:ds
25 '75
aEC0~t0E0 `
This Instrument Prepared By Thr?mds A. DZi 5cn 11 ftLEO k~~;, ~Tf flA- `
~ First Federal Savings d~ loan sociatjon ST. ~ti~~~4"~O~j~S j
of ~ort Pierce 1 ~ r ~ da ~
~ CLEkK Ct'~W~i COUIIt
Rf~nR~ ~EP: IED..~~"~~~
~ ~ ~ 14 ~ *13
~~~z13 ~z~o7 ~f
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