HomeMy WebLinkAbout0191 3. To ptoce and conlinucus~y keep o~ tbe 6u~'J~ngs now or herra(re~ f~~uate on ss~d land and on a~; cyu~p~n~•n~ and personally covn~rd Uy ~his mor~q•
ege, w~th al! prem~ums thereon ya~d in fuil, t~re ini„~en:r ~n thr us~al s~.a~Kfa~d po:~cy lorm, in a aum appr~„cd b~ ~he ~dUR~GAGEE, e+•d w~~~dswnn
~~su~ance in ~he uwal srandard pol,cy lo~m, in a wm approved Gy the /Jk"~RTGAGEE, in such company or caupan~es as the MOKtCiAGEE mey
diretl; and aii fire and w;ndstorm insuronte pol~des on any of sa~d bu~id~ngs, any inrereat therein or pa~t thr+euf, in the aygrega~e sv~n aiaesaid or
in excess ~hereof, shj11 co~tsin ~he ~sval standard mwtg~gee ciause or such o~her dawe as the hlortgagre may ~rqu.re, maAing the .oss und~v ?a~J pott
cies, each and .:very, payab'e ~o said A\ORTGAGEE as its iroerest may appear, and each and eve~Y suth po!~cy ~hai~ !x p~a»pT~y ass gned and d~ii+at~•d ~o
eny held by sa~d MORIGAGEE ss iurthe~ sewrity ~o aaid mor~gage dabr, and, nof I~is than ten (!0? days in ad+ance of the expuat~on of each pol~cy, to da
liver ~o sa~d MORTG.IGEE a renewal ~hereol, toge~her w~ih a ~ece~pt for the prrm:um of such renewal; and th~rr sheil t,e no f~re o~ w+~~~s~o~~n i~~wrance
ptaccd o~ any o( sa~d b~itdings, any inie~eu the~e~n a part thcreof, unless in the form and w~th ~he tou payoL-le as atoresaid; a~~d in t6e eveM a~y sum
of nwney beco~~es payabte ~nder such policy or pol~cies said MORTGAGEE ah~ll have rhe oNf~on to rete~vr ~nd apNly the ne~~ie on acco~nt o( tt~e ind~i,t~•d•
ness sewred hereby or to perm(t aaid MpRTGAGORS ro receive and use i? a any F,ait ih,~,rof lor o;i,• r~.~~: ati~~s :t ~t„~. : ~ cr ~:.p,~
inq any eqwty, lie~ or r~ght undcr w by virtue of this mo:'gage; and in ~he event aald MORTGAGORS sha!I fo~ any reasa~ fail to krep the aald premisat so
insured, or fai~ to deGver promp~ly any of s.ud poGc~es of inwrance to sa~d MORTGAGEE, o~ la~! promprty to pay fu:ly any pre~r.,~m ~nerefor or in a~y
resyect fail to perlo.m, discha~ge, exetute_ effeci, ca»plete, comply with and ab~de by th~s covenant, or an~r p~rt h.reo(, ae~d MuRiG:.GEE u~ry p~~ce a~~d .
pay fw such insurance or any part ~hereof w~thout waiving or affecting any opeion, lien, equ~ty, o~ n~hf unde~ or by vut~e o~ th(s Alorigaqe, and rhe
Sull amount of each and e~ery such payment shatl br ~mmediaiciy duc and payaLle and shatl bear ~ntrres~ from Ihe date t1~e~eo( uia~l p„~d at the rate ot
n,ne per cenr~m per annum onJ ro~_~ih~r wi~h su<h inte:est Shai~ t,. accured by the Gen of th~s mortgage.
1. To permit, commit w suffer no waste, impairmrnt w deterioration of sa~d property or any pa~f thereof.
S. To pay al~ and singular the costs, charges and eapenses, ~nclud~ng a ~easonable anor~ey's fee and costs of abstracts of Nt~e, inwrred or pa~d af
nny time by said K,ORTGAGfE, because o~ in the event of tbe i~~lwe on fhe par~ of the sa~d MORTGAGOR to duty, promp~ly and fulfy parform, d~scharqe.
_xrc~te, eifect, con,plete, comply w~th and ab:de by each and every the stipulanons, agreements, cond~uons, and covenan~s of sa~d promissory noie and ihis
_ n:o~~gage any or either, and sa,d costs, charges and eapenses, each end every, shall be imrnrdiately d~e and payabte; whe~~er or not ther~ be nof~ce d~
m3nd, attempt to coltxt o~ sutt pe.xl~ng; anu ~iK full amouN oi eaca and e~ery such payn:ent shall bea~ interes~ irom ihe date Ihereof umil pald at the
:~re o~ nine per cent~rn Nar am~um; a+~d a11 said costs, charges ai~d eapenies ~nc~rred or paid, together w~th such interest. shalt be aecwed by i}~e l;rn of th~f
morfgage.
b. Thet (a) in lhe event of any breach of this Mortgage o~ defauh on the part of the MORTGAGOR, or (b? in the event any of sa;d sums of moRey
herein referre~ to be not promptly and fully pa~d w~thin thuty (30! days reat attFr the same severaliy become due and payab!e, w~thout dernand o~ nohte,
or (c) in the evenr eath and every the stipulauons, agreemems, cond~tions and covenanrs of sa d promiswry note a~~d fh,s mortgage any o~ eithe~ are not
~vly, promptty and f~lly performed, d xhargrd, ezecuted, effec~ed, completed, compi~ed ~vnh and ab~ded Sy, then in e~ther or any wch event the sa~d ag-
~regate sum mem~cned in sa~d pron+issory note then rema~ning unpa~d, with interest accr~ed, and a+l moneys secured hereby, ahall become due and pay
ec,,e forthwith, o~ thercafter, at the option of sa~d h10RiGAGfE, as fully and completely os it all of the sa~d sums oF money were a~g~natly st~pv:ated
to be pa~d on such day, anything in sa;d prom:ssory note or in this tdortgage to ~he con~rary no~rvi~hstand~ng; and thr.reupon or thereaEter a~ the opi~on of
sa~d MORTGAGEE, wirhout not.ce or demand, su~t at taw or in equdy, thr~efore or thereaiter btgun, may be prosecuted as if atl moneys secured hereby
n,d maWred pr~or to ~ts ~~stitutwn.
7. That in tne event that at ti,e beginn;ng of or at any time pend~ng a~y su~~ upon this Mortg~ge, or to foreclose it, or to reform it, or ro enfo~ce
payment of any cia~ms hereundcr, said MORTGAGEf shall apply to the Caur1 havir.g ~unsd~c~+on thercof for the appo~ntment oF a Receive?, such Cowl shall
fcrthwirh appo~nt a receiver of said mortgaged property all and singu!ar, inclvd,ng alf and s~ngu~ar ~he inco:ne, proi:K, issues ar.d revenues from whatever
seurce derived, eacF~ and every of whrch, it be~ng e.press!y undersiood, is hereby morrgaged as if speuiically set fonh and descnbed in ihe g.anting a~d
'r•a~endum dauses hereof, and such Rece~'ver shail have all the broad and effect~ve funa.ons and pov.•e~s in anyv.ise ent:usted by a Cou~t to a Recerver, and
s.ch appo]nmlent :halt be made by s~ch Court as an ad;nitted equity and a ma~rer of absotute rigM to said MORTGAGEE, and without re~erence to the
actequaCy or inadequaty o( the valve of the properfy mongaged or fo Ihe so vency or insolvency oi sa~d MOR:GAGOR O~ the dele~idants, and that Such
re~rs, proiits, incane, iss~es and rEVen~es shall be applied by such Rete~ver accord~ng to the lien or equity of said MORTGAGEE anJ the prattke of such
Court.
8. io duty, p•ompt!y ar,d iulty perform, d~scharge, execute, effec?, complere, ccrnpty wirh and abide by each and every the stipuiat~ons, agreements,
ccnd~tions and cuvenents ~n sa~d promissory note and this mortgage set forth.
9. Thai in the event the ov.ne~sh~p of the mortgaged prem~ses, or any part thereof, Lccomes vested in a person other than the MORTGAGOR, the
:'.ORTGAGEE, its tuctessors dnd ass~gns, may, wi~ho~t notice to the iAQRTGAJR, deal L~~th such svt[essor or successor in interest with reference to this
mortgage and ~h~ dcot hereby Secwed in th? same manner as w~1F, fAOrtgagor wAhoul in any way vit~ating Or d~sthargiry the McttgagorS' liabiiity F~ere-
~r,der or ~pon the debt hereby SCCUrEd. NO sa;e ot ~he F~em~ses hereby mo~tgaged and no forbearance on the part oi rf.e ?dORTGAGEE or its successors
or ass~gns aed r.o exrension of rhe r~me for the paymem of the deot herety secvred giaen b~ the MORTGAGEE or its svcceisws or assgns, ai~aH operete
ro reiease, dl3charge, mod~fy changz or affect the orig~nal 1ia6iGty of the N.ORiGAGOR herein, either in whote or in part.
10. It is spec~ficat{y aareed that time is of the essence of this contract and that no waiver of any ob~igaNon hereunder or of the obligation sr
c~red hereby sh~It at any tm~e nc~reafrer be he:d to be a wai~er of the terms hereof or of the instrument secured he~by.
! l. !n add,t,c:i ro the foregc ng menthly paym^ntt of pri^c pal and imorest req~ired by the prum ssory ~~ote secured h~scb~, mortgagor covenants
+~.d agrees to pay to morfgagee with eacn month:y pa~rnent an add~iior.al sum est~:rated b~ mo~tgagee to be eq~al to 1, i2 of the an~~:;al cost of the failow-
;ng: .
Q-Atl ~eal F:roperty ta~ces lev~e~' or au~ssed aya;•~s~ thc abofe desc.Ib_d r~~ai estate.
B Pr:~~.:~u~ns on f~re and w~r,dsrsm ~nwrar~E as he:ein requ,red to be car.[,d on the ~m;;~oveme~ts s^uate on ihe above descr~bc:d premises.
C-Prem;Jn~s on svch mors~age guaranty insura::ce as mo•tgagee snaU frcm t me to tune deem iA to ca~ry on the loan sewred hereby.
Mortgagee st.ai~ from run~ to t:mc r.et~f~ mortyagor in v~rituig af the a•::o;.-:t due and payabte hereundrr and s~ch surn sha;{ thereupon be d~c and
,~rab~e on tha due date of the n•~xt r,;anthly payment and e.,ch zuccessive >ror~th thereaftor ua:ii mcrtgagee sha!1 notity mortgagor ef a change in such
_ ount. S~ch wms si ail 4:e a~>F-.~ed by mortgdgre tev.rd the pa~ment of real property taxes, inwrance prem.ums, and morigage g~aranty insurance
•em~ums
IN \YITNESS .':NEREOF, the said MORTGAGO? has here~nro ser h~s har:d and seat the day and year first aforesaid.
j Signed, Sealed a~d c~eli•rered in the presence ofc WD Qri` ~U ~~C •
_ / (Seal)
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(Seal)
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~ SiATE OF fLORIDA \SeB~~
~ ~ ~ E
C'~UNTY OF _~~`Lucie ~ ~
, (Seal )
f Before me personally appeared TY'8V~5 L RO I'S P 1 E L be ~ ~ _
; _~avis and John E. NcLeod, as Trustees of Word of Truth Tem e, ~~to me well known and known.tq=rib~7p`'6G;
: the individuals destnbed in and who extcuteci the foregoing instrument, and acknowledged befae me that they e~ecuted the sa \`t,~~r~~~ tpoy~
rherein expressed. ~I~MA~MI~
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_ ~14~Rff~l~Ali1
~ ~ea~si~eMrtf~a~s~ek~raae,paeatt~=fss~sla~sa~husbsadG~smsnd~f~aas~lw~~bss~weot~~~p~oy~lM~iiAi~
~ ~~~~~pw~f~~~OR'r~01Rlsihl/r=i~ll~l~y1T~~C~OiF~~Y1=~1i11F1M7iiil~~piYtl1li~: ' . . ~ ~i Q i
~ WITi~fSS my hand and offic~al seal this_ _~f` day o ~ q4 p_
g ' • Q ~ t~L ~
: , ;j G-t= ~'r a~~, -
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; Notary Public in and for the Shfe~~`fspAda Larye ~ V;`
~ My Commission expires: ~ '.y ~ ,
: ~ iL.
Return To: ar C" ~C~`t
~ NOtARY PUBLIC. STATE M FLORIDA ~t
First Federal 5avings 3 Loan Associat.on LiY C0:' '
' 6.ISSlON E7(PIRES )AN. 7, 1
: o~ F~~t P.:~"~. gond~d By Amenan 8snkers InwnnC~ Cp, ~
; Fo.t F~<~rce. Flcr~cJa
s
' F~~Eo ~e KECOROED
; This Instrument Prepared By 4dm. E. BI'atin :T ~~E COUNIY Ft~.
' ROCER P;,ITRA8 .~i( ,
; First Federal Savings & Loan Association CtERK Ci;:ttllT COURT
~ of Fort Pierce , Florida ~ _ RECC+RD v%L;F~Ep~,~
" Checked By ~ Y 9 33 N17'T3
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~ a~~K 216 F~:,~r ~~i zs8z~18
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