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HomeMy WebLinkAbout0496 3. To place and continuo.,sly keep on the bu~'dir.gs now or hrre,(ter ittuate on sa~d la~~d and on a11 eq~ipn~rM and personally covered by this mortg• ege, w~th ~I) prem~ums thereon pa:d ~n fult, fire mau~enca in ihe ~sual s~andard pot~cy iorm, in a sum approved b~ the h1t~k~GAGFE, a~~J w~~~ds~o~m ~nsurance in the us~al standa~d po~,cy fo~~n, in a sum aFpro.ed by the A10RiGAGEf, in such company or ccn~;~n~es as ihe MORiGAGEE may direct; ~nd all (ire and w~ndatorm inwrant2 po~~~~es o~ any of said build:ngs, any intmesl the~ein or pail ~hrr~wf, i~ the a9grega~e s~m aforesaid o~ in exteu thereol, ~hall conta~n ~he usual standarJ mortgagee dause or such ofher dause as ~he Mo«gayee may ~eyu~re, me?ing tha ~oss undc~ sa~d poli- de~, each and every, payable to sa~d MORIGAGEE as ~ts imorcs~ may appear, and each and every wch pui~c~ ~hau be proR,p~iy ass gned and de:rve~.:d ~o eny held by said V10RTGAGEE as furthe? secwi~y to sa~d mor~ga~e debt, and, not less ~han ten (10) days in ad+ance of the expua~~on of each policy, to dr ~iver to said MORTGAGEE a renewal therroF, togeihe~ with a rece~Ft for ~he premium of such renewal; and there ~heil be no f~ro or wi~~ds~wm inwrance plated on any of said bui!dings, any interesl there~n or parl ~hereof, unles~ in the torm and with the loss payable as afo.eaaid; a~d in the event any sum ot monay txcomes payable under such policy w pol~ues said MORTGAGEE sh~ll have ~he opt~on ro reca~YC .,~~d appty the same on account oi the indrb~ud- ness aecured hereby w?o perm~t aaid MORTGAGORS~to receive and use it w any part thr+.:of lor' otner pury.osrs. .,.n~;;~.,t ~h_~. o~ w..~.~~~~ ~~~P~~~• ing any equ~ty, lien or right ursder or by virtue of Ihis mo~'gaqe; and in Ihe evrnt sa~d A10RTGAGORS sh~ll for any re.+son fail to keep the sa~d premis_~s so insured, or fail to dtliver prompNy eny of aa~d poGtie~ of inswante to sa~d MORTGAGEE, or fai~ promptly fo pay fully.any prenuum thcrcfor or in any ~espect fail to pe~torm, d~nchargr, execute, elfect, complete, compty wi~h and abide by th~s covenant, or any part ha~eof, aa~d MGRIGAGEE may ptace e~~d pay Fw such ineurance or any part Ihereof with~u~ waiving w affecting any op~ion, lien, equ~ty, or ~~yht u~~de~ or b~ vir~ue of tn~s Mortgage, and ihe full amount of each and every such paymtnt shall be imrnedietely due and payable and ahal! bear intarest f~om tho da?e thereof unsil po:d at ~he rate ot mne per cen~um per annum and to~rthrr with such interest shali be ucured by the lien oi th+s mortgage. 1. To permit, com,ni~ a:u(Fer no wasre, impa"umero w dcterio~ation of said Woperty or any part thereof. S. To pay atl and singular the costs, charges and expensea, includi:ig a reasonable attwney's fee and cos~s of abstracts oF titte, incvned or pa~d at eny time by said MORIGAGEE, because w in tF~e event of the fa~Rure on the part of ~he said MORiGAGOR to d~ly, pron~ptiy and fu~ly pe.lorm, d~scharge, execute, effeU, cwnp:ete, comply w~~h a;~d ab;Ja by each and every the stipulat~ons, agreements, conditions, and covenants of sa~d pranissory note and thit mortgage any or eilher, and sa~d costs, charges and expenses, each and every, shall be imm~d~atety due and payable; whr~her o~ not ~here be nonce da mand, atlempt ro cot:ect or suit pend+ng; and the ful! amount oF each end every such payment shall bea. interest irom the date thereot until paid at Ihe r,,re of nine per ce~tum per annu:n; ond all said costs, charges and ex~xnses incurred or paid, Iogathrr w~th such interrst, shall be secured by the lien of th~s mortgage. 6. That (a) in the event of any breach of th~s Mortgage or defau:l o~ thr parf of the lY~ORTGAGOR, or ;b) in the eveM any of sa~d sums of money herein referred to be not p~omptly and fully paid wi~hin th~~ty ~30) days neat after ~he same severatly become due and payable, w~thout demand or ~otice. or (c) in the even~ each and every the stip~latiens; agreements, conditwns and covenams of sa,d prom:swry note and th~s nwrlgage any w eithv are not iuly, promptly and (utly perfame~, d.schargrd, executed, elfected, completed, comNfed with and ab~ded yy, then in e~ther or any such event the sa~d ag gregate sum rrKMione~' in said promisswy note then remaining unpaid, with interest accrued, and a~l moneys secured hereby, shall become due and pay ab;e forthwith, o? thereairer, at ihe option of sa~d MORTGAGEE, as fvl{y and completely as if afl of thr said sums of money were a~ginaily s1~pu:ated ro be pa~d on svth d'oy, anytAing in sa:d promissory note w in this Morlgage to the contrary notwiths~anding; and thereupon or thereafter at Ihe op~~on of sA.d MORTGAGEE, without notice or demand, suit at law or in equ~ty, the~eiwe or thereafter begun, may be prosecuted as if ail moneys secured heieby ~~d matured pnor to its ~nstitution. 7. That in the event that at the beginning of o~ at any time pend~ng any su~t upon this Mortgage, a to ~weclose it, or to reform it, o? to enforce payment of any daims here~nder, said 610RTGAGfE snall apply to the Court having jur+sd.aion thereof for the appo~ntment of a Rece~ver, wch Courf shail farehwith appoint a rece~ver of said moregaged property afl and singv:ar, indud:ng aL` and singular the income, profns, issues ar,d revenues irom whatever scurce derived, each and every of wh~ch, it be~ng expressly understood, is hereby mortgaged as if speu~icaily set iorth and described in the g~anting and habendum clauses hereof, artd s~ch Receiver shall have all the brcad and effective funcr,ons and powers in anywise entrusted by a Co~~t to a Recaive~, and ~ s~:h appointment shall be made by such Court as an admittrd equity and a maiter of absolu~e r~gh~ to said MORTGAGEE, and wirhout reference to the ` adequacy a inadequacy oi the va(ue of 1ne prope~ty mwtgaged o~ to the sorvency or insol.ency of said MOR~GAGOR or the defendants, and that such renrs, profits, income, issues and revenues shall be applied by such Receive~ accord~ng to the lien or equity of said MORTGAGEE and the practice of such Court. B. To duly, promptly and fuily periorm, d~scharge, ezecute, effect, complete, comply wtth and abide by each and every the st~puiations, agieements, cond~ ions and covenants ~n sa~d promissory note and this mortgage set forth. 9. ?hat in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR. fhe Y.ORTGAGEE, its successws and ans~gn3, mey, without notice to the MORTGAOR, deal with such successor w successw in interest with reference to thia r.,o•tgage and the dFbl hereby secured in the same manner as with Mortgagor w~thout in any way vitiating w d~sthargeng the Mortgagori liabiidy her~ ~nder w upon the debt hereby secvred. No sale of the premises hereby mortgaged and no forbearance on Ihe part of the MORiGAGEE w its successors or assigns and no exrension of the time for the paymenf of the debt he~eby secured given by the MORTGAGEE or its successws or assigns, siiall operate to retease, d~stharge, modify change a affect the orig~nal liab~l~ty of the MORTGAGOR herein, either in whole or in part. 10. h is speuficatly agreed that time is of the essence of th~s contrad and that no waiver of any obligat~on hereunder or of the obligafion se- c~red hereby shatl at any time ~hereafter be held to be a waiver of the terms hereoi a of the instrument secured herby. I1. In add,tio~ to the forego ng n..;.~th!y payments of princ pal and mterest required by the promissory no!e sec~red hereb/, mortgagor covenants a- d agrees to pay to mortgagee w~th each month~y pa~rnent an add:ric~al sum esr~n.ated by mortgagee to be eqvaf to 1; 12 of the annual cost of the fallow- , , .3. ' A-All real propert~ taaes lev~ed or assesscd agai•~st she ahove desubed rral estate. i i B-Premiu+ns on flre ard w~ndssorm ~nwrarce az nere~n teq~~~red to be ca+ned en 1he imp~oveme~ts s~t~ate on the above d^s:ribed premisei. C-Premiums oo such mortg;.ge guaranty ir.sura~,ce as mortgagee shail !rc~n t r.:e to tiene deem fit to carry on the Inan secured hereby. ~ blortgagee sha11 from ti:ne ro tiT,e norfy mor~gcgcr ~n writing of the amov~t due and payable hereunde~ and such sum shafl thereupon be due and ~ .=vable on the d~e date of the next month;y payment and each successive month thereafror ur.til mortgagee shall nolify mortgagor of a change in such r•.~~nt. Such wms sNaif t>e applied ty mortgagee ta:.ard the payment of rea! property taxes, insurance prem.ums, a~~d mortgage guaranty insurance ,~~emi~ms. e IN Y~ITNESS VrHEitEOF, the sa~d MORTGAGOR has hereunio set his hand and scal the day ye r irst aforesaid. ~ Signed, Sea:ed and delivered in the presence af: _ ~ ^ _ =~~r' _,Ep - an ~ _ st.~~ ~;~1''~' Peter T, Bahr a sin le ult~~a~~ CIERK C'.?~~1~ (Seal) ~ RECJ~D YER~FtED~ (Seaq S~ATE OF OC~C : `J~~ ~ ~i~ Y ~ ~a)O~L1J CCUNTY OF aN' 1 ~ _ Betwe me personatly appeared _ Peter T• B~'1ry~ d S~llql@ ad(]~t 3ons ~ Tiis w'~e, t me well knawn and known to me to be ~ the individual3/described in and who executed the foregoing instrument, and acknowledged before me that ~ exetuted the same fw the p~rposes ~ therein e:pressed. ~11fH'f~SSAtl~~~~~~~~~~~~~~~~~~~~~~~~~~s~~~~~~~~~~~~.~~~~~~~~~~~~~~~~~~~s~~~~s~~ -.wf~~i.M~wid.: ~ ~~~~_~~~~~___~~-•••~raa.~e~aln~d*w~at~ a -t~rawAneMenbfn~e!eAernsepere~e~and~ape~riter+r~~a!~l+~~bend!~nnw~led~~~e~Abel~o~~n~~~F,s~tl+re~c~csied~ssld~fiwwanen~~fR~1Te~~Iwr .~a~~iy~dr,il6ort..ao1«~P~i~..rorcwir~~aP'r~iwws+ ~~jear~oi.orLr~her. ~band. 3 ~ WITNESS my hand and offic~al seal this_ l day of_ A. D. 19 7 3 , r' ? ~ ~s-~ ( 4~--,.~-. Notary Publ~c in and for State of ~at large s 1 . . , . My Commisslon expir~p •.:rcS E,;~STr1N Return To: t ~,~~~~.i~~ t,C~_ Notary Pu~!.' S:?'.e Vev~ Yo?k ~ Fint Federal Savings a loan Associat~on .y- n-•!~~ ' FJ~ .''71: ~ Of Fert Pe•ce. ~ : ' C ~ ± . ~ • urb Fort Pi:~rce. FlcrJa ' ~ I, a , :'~-.~.?fi•~; ~ • ~r. . , f1!Uq~Y ~ ' - . T, i fs..,.. . . - '+:~r. ~0. 14/s `d ~ ~ 't~ _ ~l.r` ti`` i~:~ ~ t= -y . d`.-`~,~ ~ ~ ` . • l"= ~t ?r~,~~ ~i~; S ' IN ~NA1EtIT OF TAXE~ ~ : ~ t_, This Instrument Pre ared B J, ~l~L" 0 • i~X ~~ry~ P Y ~ s n OfE MI dJ196 First Federal Savings & Loan Associat~qi}F:-~ v,~ ; ~ IfCiS OF 1971. ~ . . r. . , TO pUl~iElt 71-13~. ~ of Fort Pierce ~ Fl~~d~ ' ' • ~ . • ~ ~~T IIOGER POITRIIS ~ ~l! O[ERK C1RQ1R ST. WCIE 00. fUl Checked By,~-- . _ ~ . . , . • ~ • ~ ~ 2~s ~~s :3 _x ~ ~ : ~ _ _ _ ~ ~ ~ R ~ : _ ~ ~~~:~,~_,.~.sr a~`~:~ _ . _:3`.., z _ _ _ . . ~ . s ._..z4, . ~ .