HomeMy WebLinkAbout1286 3. To p~ace and cont~nuousiy kcap on the bu~:d~ngs now o? hereafte~ s~tua~e on sa~d land and on ell equ~pmenl and personally covercd by this mortg-
age, with all premiumi rhercon pa~d in iv~t, f~ro insurance ~n the uiwl ~tandard pol~cy form, in a wm approved by the MORtGAGEE. •nd wind~tam
insutance in the utual standard Fol,cy iorm, in • sum ~pproved by the lNORTGAGEE, in such tompany or compan;es a• the MORIGAGEE may
d~rad; ~nd •II (ire and w~nditorm in~uranc~ policies on any o( ~a~d build;nqs, any inurest the~eio or part thereof, in ~he ~ggregare s~m aforesaid o~
1n ~xtess thrreof, shall contai~ the usua~ standa~d mortgag~t davse a such other dauu as the Mw~ga9ee may requ~ro, making the toss under s.~~d poli-
ciea, e+ch and av~ry, payabie ~o s~id MORTGAGEE as ~ti in~erra~ may appear, a~d each and every tuch po~~cy ahall be promp~ly ass gned a~d de~iver~•d to
•ny held by said MORIGAGEF a~ lv~~her security ?o uid mwtgage debt, and, not less ~han ten (10) days in advance of ~he expirat~on of each policy, to de-
liver fo s~id MORTGAGfE a renewal ttxreoi, toge~her with a race~pt (a Ihe premium of tuch renewal; and ~here shail be no f~ro or w~~df~o~+n insurance
placed on i~y of said buildings, ~ny interest there~n w pa+t thereof, unless in the form ~nd with ~he 103~ payable as afo~esaid; a~d in the event any ium
of mon~y becomes payable und~r such policy w pol~ues ta~d MORTGAGEE shall have the opt~on to receive and apply the same on acco~nt of the indebfed-
ness ietured F~e~eby a ro permit said lNORTGAGORS to rcceiye and use if w any parf the~eof for otf~es purposes, v.i~hou! th,rrur w,~i~6~~q o~ ~n:pe~r-
ing any eqvity, liert a rJght unde~ w by virtue of this mo:!gage; and in the event w~d MORTGAGORS shall for any rea:o~ fail to kzep ihe uid p.em~ses so
+nsured, or fail to deliver promptly a~y of said poli~ies of insurance to said MORTGAGEE, or fail promptty to pay fuity any premium therefor w any
resped fsil 1o perform, d~scha~ge, execute, effect, complete, comply wirh and abide by this covenanl, a sny parl hereof, said MORTGAGEE may place a~~d
pay f~ such insura~ce or any part thereof w~thoul waiving or aflectinp any option, lien, equ~ty, or riqht under o~ by virtue of this Matgage, snd the
full amount of each and every such paymenf sha~l be immediately dve and payabla and shall bea~ interest from the date thereoF vntil paid at the rate of
nin~ psr centum p!r annum and to~ether with such inte~est shall be secured by ths lien o1 this mortgage.
To permit, commit ot suifer no waste, impairment w deterioration of said property w any part thereof.
5. To pay ~II and si~gulu the costs, chargcs a~d expenses, intlud~ng a reasonable attorney's fee and cos~s of abstracts oi ti~le, incurred w paid at
any time by said MORTGAGEE, because o~ in the eve~t of the failure on ~he pa~t of the said MORiGAGOR to du:y, promptly and futly Ferform, d~icha~ge.
execute, effect, complete, comply with and ab:de by lach and every the stipulations, agreementa, condi~ions, and cove~ants oi sa~d promissory ~ote and ~his
mweg~ge any or ei?ixr, and w~d costs, charges and eapenscs, each and every, shalt be immediatety due and payab:e; whe?her w not there be nonce dr
mand, aMempt ro co!lett or suit pend~ng; and the full amount of each and every suth payment shatl bea~ interest from ~he date the~eof until paid ~t the
raie of nine per ce~tum prr annu:n; a~x! all said cosrs, chargea and eapenses incurred or pa~d, together wuh such interesf, shall be secured by the lian oi thi~
mwtgaQ~. -
4. That (a) in fhe event of any breach of this Mortgage or defaufl on the part of the MORTGAGOR, w(b) in the eve~t any of satd sums of money '
herein referred to be not prornptly and fully paid within thirty (30) days next af~er the same severatly become due and payabte, witfwuf demand o~ ~orice, '
or {c) in the evem each and every the sriputations, agreements, canditions and coYertanta of sa~d promiiso~y no~e and th~s mo~tgage any w either are not
jvly, promptty and fully pertwmed, d~uharged, executed, eifected, compkted, cwnplied with and a6ided by, then in either or any such eveN tfie ~aid ag
gregate sum mentioned i~ said promissory rwte then remaining unpaid, with interest accrued, and a11 marteys setured he+eby, shaU become due and ~ay-
eble forthw+th, w thereafte~, a! the optian of said MORTGAGEE, as (u~ly and completely as if a~l of ~he said sums oi money were orig+nally st~pulated
to be pa~d on such day, anything in sa:d prom~sswy note or in this Mortgage to the conrrary notwifhstanding; and thereupon or thereafter ar the oprion of
sa:d MORTGAGEE, without notice o~ demand, suit at iaw w in equity, the~etwe or lhereafter begun, may be prosecuted as if all moneys secured hereby
nad mawred pr~or to its institution. '
7. That in the event that at the beginning of or at a~y time pend~ng any suit upon this Mwtgage, or to fweclox it, or to reform it, or ta enforce
paymenf of any daims he~eunder, said MpRTGAG~f shatl appty to the Court having junsd~ct~on thereoi iar the appointmem of a Receivr~, s~ch Court shall
Forrhwith sppoint a receiver of said mwtgaged property all and singular, includ~ng all and singular fhe inco~ne, prof~ts, issues and revenues f~om whatever
seurce derived, each and every oi wh~ch, it beirtg expressly unders~ood, is hereby mortgaged as if specifically ut forth and deuribed in the granting and
i~abendum dauses hereof, and such Reteiver shatl bave al! the broad and effecnve funct~ons a~d powers in anywi:e entrustrd by a Cou.t to a Receiver, and
s: ch appointment shall be made by such Court as an admittrd equity and a matter of abso~ute right to said MORTGAGEE, and withouf reference to the
adequaq w:nadequacy of the value of the property martgaged or to the sotver~ty or insolvency of said MORiGAGOR w the defendanss, and that such
renrs, prolin, income, iuues and revenues shall be applied by such Receiver according to the lien or equity of said MORiGAGEE and the pradice of suth
CouA.
8. To duly, promptly and fully perform, discharge, execute, effed, complete, tomply M,•;th and abede by each and every the stipulations, sgreements,
condit;ons and covenanfs in sa~d promissory note and this mortgage set forth.
9. That in the' event the ownership of the mortgaged premises, a any part thereof, becomes vested in a person other tha~ fhe MORTGAGOR, the
~',ORTGAGEE, its successws and ass~gns, may, without nqtice to the MORTGAOR, deai with such successor or s~ccessor in interest with reference fo this
mortgage and rhe debi hereby secured in the same manner as with Mortgagor without in a~y way vit~ating o~ d~scharging the Mortgagori liability tx~e-
under w upon the debt hereby sec~red. No sale of the Fremises hereby mortgaged and no forbeaiance on the part of the MORTGAGEE w its successon
or asslgns and no extension of tl,e time fw the payment of the debt hereby secured given by the MORTGAGEE or its successwa_ o? ass~gns, aha{I operate
to re!ease, d~scharge, modify change or affett the origlnal liabil6ty of the MORTGAGOR hereio, either in whoie or in part.
10. It is speuf;cally agreed thar time is of the essence of this contract a~d ~hat na waiver of any obtfgat~oo hereunder w of the obligation se- !
cured hereby shall at any time thereafter be hetd to be a waiver of fhe terms hereof or of the inslrument secured herby. ~
11. tn acld.tio~ to the forego:ng month!y paymenrs of princ'pa1 and interes~ required by the prom~ssory no!e secured hereby, mortgagor covenants
and agrees to pay ro mo:tgagee ~nith each monthiy payment an add~rional svm est~mated by mortgagee to be equal to 1 j 12 of the annual cost of the foifow-
~ng:
A-Al! real proparty taxrs fevied or assess~d agair.st the above desv+bed rea! estate.
B-Prem:ums on fire and +vindsrorm insvra.:ce as ne~ein requ~red to be carried on the imp~ovemeats s~t~ate on the above descr+6ed premises.
C-Premiums on such mortgage guaranty inwrar~ce as mortgagee shall (rom t;me to time deem fit to car~y on the loao secured hereby_
Matgagee shal) from !eme to time notify mortgagor in writing of the amount due and payable hereunder and s~ch su:n shai! thereupoR be due and
, Fapable on the due date of the next month!j payment and eath suctessive month thereaft~r urdif mortgagee shall not;fy mortgagor of a thange in such
a~,c~nt. Such sums sFail be applied by mortgagee toward the payment of real property taxes, insura~xe prem;ums, and mortgage guaranty insurance
~ ~emiumS. .
i IN Y~LTNESS V~NEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and ye r first afaesaid'
i ~-5i $ealed snd deliver~ in i~ presence ofc ~ 1
j ~ ~ ,
i ~ ~Ca~~ k
i ~6S • S (Sealj t
` (Seal)
' .Jaw@ll ?'hOaaS ts~a1)
j -
;
~ SiA7E OF FLORiDA ~
~ COUNTY Of St. i-ncie ~ ~ ~
E
~ Befwe me personally appeared • Ja?~es g~ Z`110IIaS E
and ~
~ ` Jewell Thoaaa his wife, to me wetl known snd known to me to be ;
? rhe individuais described in and who executed the foregoing inslrument, and acknowtedged before me that they executed the same for t}x purposes
~ thereio expressed. And ehe said Jewe13 Thoa~a?s ;
^ wife of tFK ~;d _ J~e$ ~0~$ ~ upon a xparate and private
~ eaamination by me taken separate and apart from her said husband, acknowledged to and before me tnat she executed said instrument freety and volun-
~ rarily and without any compulsa», constraint, apprehension, u fear of or from her said husband.
; WITNESS rtyr Fy~nd ~~a af~k;~~~i ,~,~s 12th daY of June A. D. 19 73
: ~
. . • , • ~
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"Q~ A~ Notary Public in and for t State of Fbrida at large
~ J ~ N • : ` My Commiision expires: = ~
~etu ~0. - .
Firit fe~etal'oSsv~i~?~'Lcan Asioi~i~on
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~ f~lf bort R~~c~ V: f~r ~ i
•~j ~ NN~ry ?Yids. N~M ~f Florids a1 Loey~
. }igrce `~londa . ~ ~
. 4;~, Mr C~~~Uiee Expins Oct. 3d, 1lf~
' : h• V~~~° 6onded by An+~.Kan Firc ~ C~s~h ri~.
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- Tfiis•lregtruiiient
Prepared By J. N. Roberts~ Jr. FILED ~4 ~~FC~ROEti'
First Federal Savings 8~ loan Association ST. ~U~:« %OUNTY F~A.
of Fort Pierce Rlorida F~`'` ~ R~5 ;M~
f Ct~~r C'. ..~,t Ct?URT
- ~ Pcf .,~,^.-.'.c• ,=i=~
~ Checked By
t $oo~ 215 P~~r ~.28~ ~ur+ 18 12 Zi PN'T3
= 25'700'7
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