HomeMy WebLinkAbout2176 3. To plap and co~tinuously keep on tM buildinp~ now w Mre~ftN sit~at~ oe~ said ~u~d and on all puipr+Knt ~~d p~nonally wvaed by thii mat9- ~
~Q~, with ~11 premiums the~wn p~id in fut4 tir~ Guuranc~ in the ~swl ~tandud• policy form, h s swn app~owd by tM MORiGAGEE. and windstam ?
iruwanc~ in tM wwl :~andud pol~cy fam, te a ium +pprov~d by the MORTGAGEE, in ~uch compu?y or ca*W^i~s a ~M MORTGAGEE may
dinet~ aed dl fG~ u~d windswrm ieww~na poliei~s on +ny of s+id buildinps, ~ny IN~~pt IFwr~in o+ put th~raof, in tM ap~rey~t~ wm ~ta«aid w
le ~xc~ss tMr~of, ih+ll contain tM ~wal itu+dud mort9ap~a clava a tuch othu clw~ u tM Matp~ m~y ~puu~, makinp rM toii unde. said po1~ •
cia, eacF~ ~nd ~veryr. p+Y~bl~ ro aid MORTGAGEE as in interest may ~pp~ar, and each and ~wry svch policy ihall be promptly au:q~d a~d d~live*ad to t
~ny Mld by s~id MORTGAGEF as iwths~ secu~ity to t+id mortysQ~ debt. ~rd, not I~s~ tMn tM t10) d+YS in ~dvanc~ of ~M ~xplr~tion of e+ch policy, to d~-
liwr to ~W MORTGAGEE • r~w~l tFNrwf, top~ihN with • raaipt fw th~ prert~ium of wch rMewdi and tl+~r~ shall b~ ~o fire w winds~am insuranc~ ~
pl~pd on ~ny of uid buiMinpa. any lnler~st tMr~in or part the~eof, unl~ss I~ tM fwm and with t!w bss p~y+bl~ u ~Iw~ialdt +~d tM ewnt ~~y ~um i
of nan~y Mcomts payable ~~der sucFi policy w polKits s+id MORTGAGEE ihall h~w tM option 1o receiw +nd ~pply tM ssmt on acco~nt of the Indebted- i
ntu setured hertby a b permit ssid MORTGAGORS to reuiv~ and us~ it w+ny part thereof fw othc~ purposes, without thareb/ waiving o~ impai~- . F
inq any puity, lie~ a riqhl unde~ w by virtw of this mottpayr, u~d in tM ~vee?t Nid MORTGAGORS thsll for u+y rtason f~il to keep the s+id premiies so -
ins~red, a fail ro deliver promptly any of s~id policies of iruvr~nu to said MORiGAGEE. a fail promptly to p+y fulty any pramivm thcrefw w i~ u+y
reipM fail b p~r(a~, d'scMrge, ~xecvte, eff~ct, tompl~te, comply with and sbid~ by this oovena~t, or ~nY paN herwf. said MORTGAGEE may place +nd
paY foF such imuranc~ or ~ny part thaeof without waivinp a dfectinp ~ny option, Il~n, puity, or right ue~de~ w by vinw of this Mwtgsps. and ths
full smount of tach and every such paymenl shall bs immediately dw and p~yable ee+d shsll btar (ntaest f~om tM dat~ thereof ~ntil paid at the ~ab o1
nin~ pa tentum pa ~nnum and togetAe? with such interest tMll b~ secured by th~ lien of this mortg+q~.
1. To p~?mit, oornmit o? suffe? no wute, lmpa'ument or detcriwation of said property or ~ny p+rl ihereof.
S. To pay ~II a~d sirpulu tFr cosb, chup~s ~nd expenses, includiny ~ reasonabls anwney's fee and costs of abstrscts of title, incuned o~ p+id at
any time by said MORTGAGEE, beuuss a in ths ~v~nt of ths failure on ~he p+n of th~ said MORTGAG~OR to duly, promptly and fvlly perform, d~xMr90.
execute, effed, oompkte, comply with and ~bide by each and every ths stipulstans, ~green+enn, tonditioos, and tovtnants of aid promiuory note and thi~ ;
mortgaye +ny w eitha, ~nd said cosn, chuyes +nd expenses. e+ch ~nd evary, shall be irtinediatety dw and p~ysble: whe~her w not there be notice ds !
m~nd, ammpt to collstf o~ wit pend7ng; and tM full~ amou~t of each u+d every such payment sh+ll beu interest from tM dats thereof until paid at tF+~ ~
rate oi nine per centum pe? annum; and all said costs, charpes and exoenses ~ntvrrad o~ p~id, togethsr with s~ch interest, shall be setured by the lier? of thu
^wrtp~9~• . 1
6. Tf~t In tM went of any breach of this Mortysg~ or default on th~ part of the MORTGAGOR, or (b) in the event any of sa~d wms of money ~
herein t~ferr~d 1o be not promptly and fully paid within thirty (30) days r+ex1 aftcr the same sever~lty becoms dw and payabls, without demand w notice, E
or in the event each snd every the itipulatio~s, agreemenn, conditions and rnven~nn of said promiuwy rate and this matpage any a either ~re oot ?
iuly, ptomptly snd fully perform~d, d~sch~rged, executed, effected, completed, complied with and ~abided by, thsn in either w any such ~vem the said ag i
gregate wm meMiaxd in said ptomissory note then remaining unpaid, with imcvest acaued, and ~II moneys tetured hereby, sMll betorta dua and psy- ~
abk forthwith, w thereafte~, at ths optan of said MORTGAGEE, as f~lly and completely ~s if all of the wid wms of money were o~iginal~y itipufated ~
ro be paid on such day. anything in said promissory note w in tha Matgage to the conuary notwitAstanding; and thereupa~ or lhereaher at the opnon of ~
sa;d MORTGAGEE, w~thout noY~ce a demand, suit at I~w w i~ equity, therefore or theresfier begun, may be prosecuted es if all moneys secured hereby '
had matured priOr fo iri instit~tion. - •
7. Thst in the event that st the beginning of or ~t ~ny tims pe~ng any suit vpon this Mortgsge, w ro fweclose it, w to rcform it, or to enforce
payrt~ent of a~y daims hereunde?, said MORTGAGEE shall spply ro the Court having jurisdlcfion therqof for the appointment of a Receivet, such Court shall
forthwith appoint a reteiver of said mort9aged property all ~nd "singula?, lnclvd~ng all and singutu tht income, profits, iuues and revenues from whatever
source derived, each and every of wh~ch, it beinp txpcessly understood, ia hcreby'mwtga§e~~ if tpecificslly set fath snd dewibed in tMe g~~nting and
habendum dsuses hereof. and such Receiver shall have all the brwd snd effective funct~ end po~yers in anywite entrusted by a Cour1 fo a Receiver, and
:~ch appointmem ihall be made by such Court as an admitted equiry u+d a maner of absolute riyht ta aid NIURIGAGEE, and without "reference to the
adequacy w inadeq~scy of the wlue of the propery mortyaged o~ to the sonrency or iosolveefty of said MORTGAGOR w tl+e defendants, and that such
renn, prof~~sr encome.-[ssuss +~d revenues shall be applied by such Receiver according to the lie~ a puity o~ said MORTGAGEE snd fhe practice of such .
Court. . • .
8. To d~ly, promptly and fully perfwm, diuharge, execute, effed, complete, comply with snd abide by each and every the stipulatio~s, agreements,
conditioru and covenants in said promissory note and this mwtgsge set fwth.
9. Thst in the event the ownenhip of the mortgaged premises, or sny pa?t thereof, becomes vested in a person othe~ than the MORTGAGOR, tF+e
MORTGAGEE, its successors and suigns, may, without notice to the MORTGAOR, dcal with such wcceuor w succeuor in interest with reference to thia
mortgage and the debt herebY secured in the same manner as with Mortgagw w+thout in any way vitiating a diuharging the Mors~sgots' liability here- ,
unda w vpon the debt hereby secured. No ssle of the prem~us hereby mortgaged and no fubearanoe on the part of the 1NORTGAGEE w it: successws ;
or auigm ~nd no extension of the lime for the paymeM of the debt hereby secured given by the MORTGAGEE w its successors or assigns, shall operate {
to release, discharge, modify change or aftect the wiginal liability of the MORTGAGOR herein, either in whole or in put. .
10. It is specifically agreed that time is of the euence of this contract and that no wsiver of any obligstion hereunder or of the obliystion se-
cured hereby shsll at any time the~eaher be held ro be a waiver of the terrt?s hereof ot of the instrument secured herby. •
11. In addition to the forego:ng monthly payments of print pal and interesf required by the prom:swry note secured hereby, mortgagor covenants
and agrees to pay to mortgagee with each monthly payment an add~tional :um es~imated by mortgsgee to be equal to 1/12 of the annual cost of the folbw-
ing:
A-All real property taxes levied or assessed against the above described real estate.
B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improvements situate on the above desuibed prert?ises.
C-Premiums on such mortgage guaranty insurar~ce as mortgsgee shall from time to time deem fit to carry o~ the losn secured hereby. '
Mortgagee shall from time to time notify mortgagw in writing of the amount due and payable hereunder and such wm shall thereupon be due and
I payaWe on the due date of the ne:t monthly payment and each successive month thereafter until morfgagee shall notify mortgagor of a cFmnge in such
i amount. Such sums shall be applied by in8rtgagee towa:d the payment of real prope~ty taxes, insurance prem:ums, and mortgsge gua~anty insurance €
i premiums. t
E
~ WITNE55 W E , t said MORTGAGOR has hereunto set his hand and seat the day and r first aforesaid. ~
' ned, al in t pt e of: {
E ry 1
I ~ ~ ~
n E
. ;
~ '~"n !
STATE Of FLORIDA ~
St . Lucie ~ u-
couNn oF
e~ra~ ~~s«~.ur sppeared Grad C. Ritzpatrick
ra 1Z1@ F1tZpdtrlC h~ M,ife, to me well known and known to me to be
the individuals described i~ snd who executed the foregoi Rst~umen~ ~~I~before me that they executed the same fw the purposes
therei~ expresaed. And the ss' C~=a~c~ine i zpa r1C
w~fe of the said ~ upon • sepsrste snd private
examinaiwn by me taken separate and apart from her said huibsnd, ackrawledged to and before me that she executed said instrumeM frcely snd voluo-
+arily and without any compulsion, ca~straint, appre ruion, or fesr of or from her said husbsnd.
WITNESS my hand and offitial seal thi 2 th day of May A. D. 19 73
Notary Public in and i the Stat of florida at lsrye
My Commissan expir •
Return Ta '
Finf Federal Savir?gs b loa~ Association ~
Of fort P~erce. ~~a1ARY Pl16UC,STATf M fLOEIDA at WN.GE ~
Fort Pierce, Florida Mllf (;()M~tISSIOfl EXPIRE$ J1N. 1, ~79T~aMt~,.1j~~ ~
Bondad Bp Amerrcan Bankers Inwt~llld~ Q(?~ . ~ r;,,. _
~ 'Vtl'.....,.'9~ '
• • ~ r, ~ ~
FIlEO AM: RfCQ~OE~ f'~„ t, :rG~=
This Instrument Prepared By Richard K. KayesST.tUCsE ;.OOMTY Fl~. n__'
First Federal Savings b Loan Association AOCE~ r3!?RAS ~ I' -
of Fort Pierce Florida C I E FKc I; G U~T COURT ~i t:z ~
- ~ R.FCOP,. Y_~ f.E. ~ - _ S ~ t •
Checked By • -....~••j~.~;~~ '
Mar 31 9 2s aH'73 ~
~
.S i + - •
q ~59,~~- .
BOGK~G1~ P11CE~~.~ 25 ' .
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