HomeMy WebLinkAbout0569 J. To plac~ and co~tinuously keep on ~he bui!dinys now w Mreaitm fiwate on s~id tand aRd oe~ all equipmem ~nd p~rw~a~ly covKed by this ma~¢
sg~, wi~h all pr~mivms thereon pa~d in full, fire insur~nce in the usual tu~dard poiicy form, in ~ ium approv~d by tM MORiGAGEE, and w~ndstorm
i~suranct in tM uf~al i+andard pol~cy iam, in s sum approved by tM MORTGAGEE, in such company o~ comp+nles ~s tM MORTGAGEE m+y
d~rectj ~nd all iir~ and w~nds~orm insurance pot~uet o~ any of ia~d build~np~, ~ny intere~t ~F+erein w part the~eof, in the.a~.e9+~e sum afp~said a
in taceu lhereof, thall contain the usual s~andard mortgayee claust o? such otha clau~s ~i IM Mwt9age~ may requu~, ma?irg tM lou under s+~d poli~
cies, eacA and evtry, payable to said MORTGAGEE ai it~ imerett may +ppear, and each and every s~ch poficy ~hall be p~ompHy ass:gned and detivered to
a~y heW by ssid MORTGAGEE ~s funhsr security to said matgsge deb?, ~nd, not Itu 1Mn ten (10) d~ys in advanct of the expiration oi each polity, 1o da
Gv~r to uid MORTGAG~E a renewal thereof, to9e~her with a receipl fw ~he pr~mium of wch renewal; ~nd thcn ihall 1x no f~~s or winds~orm intur~nc~
plsced on ~ny of said buildings. ~ny inte~eit therel~ or pa?t ~he~eof. vnleu in the (o~m ar~d wi~h tM loss payebl~ ai afa~iaidr and tn tht ev~nt a~y sum
of monfy becomes payable vnder such policy or policies said MORTGAGEE shall have the option to ~eceiw and apply ths s~me o~ account of ~M indeb~ed-
ness secured he~eby w ro permit said MORTGAGORS to receive and use it w any part thereof iw other purposes, w~~hout thareb/ waivi~ig o~ ~~~~p.~~~-
ing any eqv;ty, I~en w right under or by virtue of this mortgage; ~nd in the event sa~d MORTGAGORS shall (a any reaso~ fail to keep ~he sa~d premisrs so
insured, or fail ro deliver promplly any of said polieies of insursnte to uid MORTGAGEE, or fail promptly to pay fully any prHneum therefw w in a~y
respect fail w perfam, dixharge, execute, effec4 comptete, comply wi~h snd abide by this covena~t, w any pa.t he~eof, taid MORTGAGEE may p~+ce and
pay fw such insurar~ce w any part thereof without waivirg w ~ffectin9 ~~y option, lien, aquity, w right vnder w by virtue of this Matgsge. +~d tht
full smount of each and ev~ry such payment shall be irtunediatety due and payable and shall bear interest from ths date thereof until paid at the ~au of
nine per centum per annum and togethe~ with such interest shall be secured by the lie~ of this mwtgsge•
1. To pe~mit, commit w suffer no waste, impairment or deteriwation of taid property w any part thereof.
~
5. ?o pay alt and singulsr the costs, charges snd expe~ses, inctuding a reasonable attorney's fee snd costs of abstrads of title, incurred w p+~d at
any time by said MORTGAGEE, betause or in the event oi the failure on the part of the said MORTGAGOR to duly, promptly and fully pe.form, dixharge.
zxecute, effcct, complete, comp~y with and ab~de by each and every the stipulanons, agreements, conditions, and covenants of said pron+~ssory note +nd this
mortgage any w eithea, and said costs, charges and expenses, each and every, shall be immediately due and payabte; whethe? w not there be notice de
mand, ~nempt to tollect a suit pe~ding; and the full amount of each end eve~y such payment shall kxar iMerest from the date thereof vntil p~id at 1M
rate of nine per cemum per annum; and all said costs, charges and expenses incurred or pa~d, logether with suth intNesl, shall be setured by the lien of thit
martgags.
b. Thst (a) in the event of any breach of this 1Nortgage or default on the part of the MORTGAGOR, or (b) i~ ?he event any of w~d svms of money
herein rcferred to be ~01 promptly and fully paid withi~ thirty (30) days ne:t after Ihe same severafly become due and payable, without demand or ~otice,
or (c) in the event each and every ~he stipularions, agreements, cond~tions and covenants of sa~d promiuory no~e and th~s ~nwtyage any or either are not
~ufy,. promptly and fully performed, d~uharged, ezecuted, effected, completed, complied with ~nd abided by, then in either w any such eveM the said a~
gregate sum mentaned in said promisswy rwte then remaining unpaid, with irocres~ accrued, ar~d all mw~eys secv~ed hereby, shal) become due and pay-
able forthwirh, o? thereafter, at the option of said MORTGAGEE, as fully and completely as ii all of the sald sums of money were wiginslly st~pulated
ro be pa~d on such day, anything in sa;d prom~sswy note w in this Matgage to the contrary notwithstanding; and thereupon a 1FKreafte? at the opuon of
sald MORTGAGEE, without notice w demand, suit at law or in equity, therefore w Ihereafte~ begun, may be prosetuted as if all rtanays sec~red hereby
had matured pnw to its insGtu?ion. .
7. That in the event that at the beginning of or at any time pend~ng any suit upon this Mortgage, o~ to foreclose it, or to reto?m it, or to enforce
payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdicfion thereof fw the appoinhnent of a Receiver, such Court shall
forthwith appoint a receiver of said mdrtgaged property all and singula~, includ~rg all and singular the iruome, prof~ts, issues and revenves from whatever
seurce derived, each and eyery of which, it being expressly understood, is hereby mortgaged as if specificalty set fwth ar+d destribed in 1he gr~nriog and
hat,endum clauses hereof, and such Receiver shall have atl ~he broad ~and effective furxt~ons and powers in anywiu entrusted by i Cov?t to a Receivu, and
:~ch appoinfinent ahall be made by such Court as an admined equity and a matter of absolute right to said MORTGAGEE, and without refere~te to the
edequaq a inadequacy of the value of the property mortgaged or to ~he w+vency or insoivency of said MORTGAGpR or the deFendants, and thaf such
renrs, profits, incwne, issues and revenues shall be applied by such Receiver according ~o'f!~ lie~•oa equity of said 1NORTGAGEE and the practice of such
CouA.
8. To dufy, promptly and fully perform, d~scha~ge, execute, eifect, mmplete, comply with and abide by each and every the stipulations, ~grcements, ~
mnditans and coyenams in said promissory note and this mottgage set fwth. i
9. That in the event the owncrship of the mortgaged premises, w any part thereof, becomes vested in a penon other than the MORTGAGOR, the ~
~~',ORTGAGEE, its successo.s a~d assigns, maY, wifhout notice to the MORTGAOR, deal with such successor w successa in interest wifh reference to this
mortgage and the deb~ hereby secured in the same manner as with Mortgagor without in any way vitiating a discharging the Mortgagors' li~bility herr ?
unde~ w upon the debt h~veby secured. No sale of the premises he~eby mortgaged snd no forbearance o~ 'he part of the MORTGAGEE w its sutcesson
or assigns and no exrension of tfie time fw the payment of the debt hereby secured given by the MORTGAGEE or its successors or auigns, shall operate
to release, discharge, modify ciynge or affect the orginal liab~lity of the MORiGAGOR herein, eitFxr in whole w in part.
10. It is spec~fically agreed that time is ol the essence of this contract and that no waiver of any obligat+on hereunder or of the obligaYan sr
cured hercby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument setured herby.
I1. In add~tion to the forego:ng monthly payments of princ'pal and interest required by the promissory note secured hereby, mortgagor covenants
a;,d agrees to pay to mortgagee vvith each manthly payrnent an add~rional sum est:mated by mortgagee to be equal to 1 f 12 of the annual cost of the follow-
~n~:
A-All real property taxes leiied w assessed aga~~st the above desa~5ed real estate.
B-Premiums on fire and windstorm insurar.ce as herein req~;red to be carried on the improvements sitvate on the above desuibed premises_
C-Premiums on such mortgage guaranty insurance as moitgagee shall from time to time deem fit to carry on ihe loao secured hereby.
Mortgagee shatl from time to time notify mortgagor in writing of the amount due and payable hereunder a~d such surn shall thereupon be d~e and
, rayable on the doe date of the next momhly payment and each wccessive month thereafter ur.til mortgagee shall notify mortgagor of a change in such
; a~ount. $uch sums shall be apptied by mwtgagee toward the payment of real property taxes, insvrance prem:ums, and mwtgage guaranty insurance
4 premiums. ~
~ WITNESS VlHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and r fint ator d. -
Signed. Seal~liv in the prese~ce of: _
~ n
Q er Leami q .
V ~ ~
Brenda Leamin ,p
S7ATE OF FLORIDA ~
Luc i e
couNn oF St . ~
~ s~fa~ ~ personally appeared Peter Leamina a„d
Brenda Leaain} his wife, to me weii icrawn and krawn io me to i~e
the individuals desuibed in and who executed the forego~ng instrument, end ackrwwledged before me fhal they executed the sartx for tlx purposes
therei~ eapressed. And the said Br~da Leaming ~
,~~fe of the said Peter Leamina vpon a xpuate snd private E
examinatan by me taken separate and apart from her said husband, acknowledged to snd befwe me that she executed said instrument freely and volurr i
tar;ly a~d w~thout any compulsion, constraint, appreheny_oTn,~ fear of or from her said husband. ~
WITtVE55 my hand and offiual seal this M" day M~ D. 19 73 . ~
. .
.y.'%
~ Notary Public in and for the S te ot~F ' at
~ My Comm~u"an expires: _ r ~ _
~ Retum To: . ' O • V • -
F~nt Fedenl Savings b ~oan Associat+on ' ~ARIf PUBLIC. STATE oT FtDRIDA et LARGE . j _
~ Of fort P~e:ce. b1Y COYMISSI~N EXPIRES -L)ECs 29. 197 ;
~~r ~ .
fort Pierce, Florida gp~p~ Th~u Generat Msunn~,U ~ ~ ~ ~
' ay~'-•••~ ''=~E
_ . ~'~i~ -:Tt~1'~ V` ~
FILE AMO RECORDEO . f ~'~~~a+''~+'"'~
~ This Instrument Prepared By John {ti'. Co21in5 ST.~~CIE COUNtY FIA.
First Federal Savings & Loan Association ROGE~ F0ITRAS
of Fort Pierce, Rlorida CLERK C~~CUIT COURT
~ aFCOR~~ vE6.~F?c0
Checked By MaY 16 3 oa PN'73 'S
- gooK 214 ~A~E 570 zs4s~r3
- - - - -
:5;,~.. -
~
~ ~ ~ `~ry.. _