HomeMy WebLinkAbout0786 J. To place and conrSnvous)y keep on iiie 6u~:J~~.gs now or htrrairer s~t~ete on io~d land and on all equ~~:~~~~•nt and perso~~a~ly covrr~d b/ this mo~tg•
age, w~th •II prem~um~ the~.on Na.d m fuli, f~rr ins~re ~ce ~n N~e ~s~al eter.darcJ Not~ry lorm, in a svm a~.p~u~ed b~ ~he MUR~G:.GEE, ~nd .v+nds~or~n
~nsurance in tF~e us~al i+ondard po'.cy ionn, in e su~n aFpro~oJ by +he MORiGAGEE, in wch canpany or con~,,en~es as ihe h102[GAGEE may
d~rKt; and ali lire ar.d w~ndsro~m ~ns~rance poGcirs on any of ea~d bu~~d,ngs, any in~eres~ therein or part thercoi, in the ayg.ega~e wm aforesa~d oi
in excess ~hereof, shall conra~n ~he usual ~ta;~daid mo~tge9ee clause o+ such o~her ~I,usa aa the Mor~yayee may rry~~re, R.aking ihr lo~s undri s~~d pol'r
cres, each and every, p~yabtr to aa~d h10RiGAGEE af ~ts ~merest may a~p::o~, and each and evCry wch po!~cy ahall br pron,NUy ass y~~rd a~~d dct~~crcd to
eny held by sa~d MORIGAGEE as fur~her security to said mo+tgage dcbt, and, no1 teu than t~~~ i~`Jl daya in aJ.a~~ce o( the eYpuat~on of eeth poi~t~, 1o de-
f~ver to said MORiGAGfE a renewal thereoi, toge~her w~th a rece~;~t lor the prem~um of suth rene+val; a~d thrre shall be no f~~e o. windsro:~n insw.ance
placed on ~ny of ssid build~~:gs, any interest thero~n or part the~eof, untess in the 1o~m and wnh ~he loss payoble as aforesaid; and in the evenl any sum
of money bccomr~ payabie unJe~ such ~l~cy w pol~uas s~~d MORiGAGfE s1~a11 have rhe opr.on ~o ~rceiyr ond ap~dy the sa~ne on acco;,~~t of ihe ind~bf~d-
neu secur~d hereby w ro pen„~i sa;d ~nORiGAGORS to reccive and use it w any pa~t H~a:cof ior o;~~••r s.u~~.osrs, ~,~~~~~.lt ~1,~+<i,~ o~ ~~~~pu~~•
[ng any equ~ty, Gen w~~ghl ~nder a by vEr?ve o1 this mo::gage; and in the event sa~d MOATGAGORS sha!1 for any reason fail to kerp fhe sa~d premis~s so
insu~cd, or (ail to del~ver promptJy arty ot aa;d poLc~ra of ins~rance to sa~d MORTGAGEE, or f~J promptly to pay fu;ty any Nrr~~;~.:m therelor o~ in a~y
resped fail to pe~fwm, d~scharge, exec~~e, efiect, comptrte, co•nply wirh and ab~de by fhis coveoan~, o? any pe~~ hernof, sa~d MURiGAGEE may ptate a.~o
pay fw tuch insurance or ~ny par~ lhereof without weivinq w affectirrg any opt~oa, lien, eqw~y, or r~~ht under or by virtue of this Morfgage, and the
full amouro of each and every such payment shalt be i~nmcKl~ately d~e and payable and shall hear inte~est from ttie da~e thr~eot until pe~d at the rate of
~~~~e per ceNUm per annum aiid to~~•thrr wlth wch interes~ shali t>e srcured by the lien of this mortgage.
1. To permi?, commit ot suffer no waste, impairrn~r~t or detrriorerfon oF sa~d property o~ any pa~1 lhercof.
5. To pay all aod singe,la. the costs, chargcs and expenses, +nc7vd~~g a rnasonable anorney's fee and cos~s of abstraas oi t~tle, i~curred or pa~d af
any Gme by sa~d MORiGAGEE, becau:e w in the evenf of the ta~~ure on the pan oF ~he sa]d MORTGAGOR ~o du:y, p~anp~ly and fv~ly perfam, d~scharge.
e.ecute, effed, comp:e~e, co~~p~y w~th and ab:de by each and every the stiputaf~ons, sgree~nen~s, cond~tions, and cavenanrs oi sa~d prom~ssory noie and th~f
.-nortgage any w e'~~ht~, nnd sa~d costs, charges and expenses, each and every, shatl be Vnmrd~ately due and ~ayabfe; whefher or not there be nofice d~
mand, attempt to coliect or suit pend~ng; and the tu11 a~nouN of each and e~ery such paymen~ shal( bea~ in~ereat irom rhe dare thereof until pa~d at the
~,~re os n~ne per centum prr annu:n; anc; ail said costs, ci~a~ges and rx;..nses incucred a paid, ~oycther w:th such ~ntereat, shail be sec~red by ~he lien of th~~
mortgage.
6. Thst (a) in the event of any breach of this Mor~gage o~ default on the part of the kIORTGAGOR, or (b) tn the event any of sa:d sums of mo~ey
fizrein referred to be not promp~ly dnd lutiy paic: w~eh~n ih:rty f3D) days neat ~irer the sa.ne severa':y brcome d~e and pa~•aLte, wiihou~ demand o~ eot~ce,
or (c) io the e~eN each and cvr~y the stipu:at;ons, agreements, co~d~tio~~s and tovenants ot sa d promissory noie and th,s mortgage any or e~ther are not
iv:y, promp~Iy and futly pe.formed, d:uharg=d, e,~ecuted, effec~ed, compieted, compl:ed wirh end a6~ded `~y, ?hen ;n e,ther w any such evem the sa:d ag
g~egatr sum mentwned in said promissory ncre thrn rema~ning unpa~d, w~~h ime:est acuued, and ail moneys secured herety, shall become due and pa~-
a5'.e forthwith, w thereafter, at thc opt~on of sa:d MORTGAGEE, as fuily and comptetely as if a1i of ?hr sa~d wms of money were onginally st~puIated
to be pa:d oo avch d:.y, antthing in sa d prorn~sswy note o~ in this Mortgage to the tcmrary notHitnsta~~d~~~g; and the~evpon or thereafter at the op~~o~ of
sa:d MQRTGAGEE, w~tho~t net,ce or demand, s~~t at law w in equuy, therefo~e w thereaf~er beg~n, may be prosecuted as if all moneys secvred hereby
r.ad matvred pr~or to ds insntuhon.
7. ihat in the eveM that at the begin~tcg of or at any time pend~ng any su~t upon th;s Mortgage, or to foreclose it, or to re~orm i?, or to enforce
payment of any cla~ma hereunder, said MORTG:.GEE shali apply to the Co~rt having jur~sd.ct~or~ therrot for the apFointmrnt o4 a Receiver, such Coun shaN
forthwith appoint a receiver of sa~d mor~gaged prope:rty e71 and aGngular, inct~d.ng ot! and s~ngu~ar the inca~ne, prohfs, issues ar.d revenues from whatever
s~urce daired. each and every of whrch, it be~.^.g expreuly undersfood, ~s hereby morigaged as if speaficaliy set iorth and dewibed in tFR~ granting and
hjbendum davses hereof, and such Recaiver shall have alt the b~oad and effeaive funu~ons an~ powe+s in a~yw~se emrusted by a Cowt to a Receiver, and
s..ch appointment shail bc made by svch Courr as an admiried equ~ry and a matter of absolute nght to sa~d MORIGAGEE, and wifnout reference to the
edeq~acy w inadeq~aty of the vafue of th¢ property mortgaged or 1o the so:vency or insu!,+ency o( sa~d MOR(GAGUR'or the drfr~xlants, and ~h;t such
re^is, profits, income, issves and revenues shall be appt~ed by wch Receiver. accordmg ro the lien or equ:ty of said MORiGAGEE and the p~actice of such
tovr?. - ~
8. To duly, prompt:y and fully perfo+m, d~scharge, execute, efiect, complete, comply w~th and abide by each and every the stipulations, agreementa,
co~ditions and tovenams m said promisswy noTe and this mortgage set forth.
9. That in the event the ownersh~p of the mortgaged premises, or any pa.t ~hereoi, becomes vested in a person other tha~ the MORTGAGOR, the
:'.ORTGAGFE, its successors and assgns, may, without notice to fhe ~\'IORTGAOR, deal wah such auccesso~ or successor in interes~ wi~h reference to thia
^ ort9age and the debt hereby sec~red in the same manner as wi~h l,tiortgagor w~thout in any way vitlating o• d~stfiarging the ~4larrgagors' Iiabili?y here-
::^der or upw~ tlw debt hereby sxured. No sate of fhe Fre~r:~ses hereby mertgaged ar.d no forbaarance on the part of ehe /h~RiGAGEE or its wtcessws
er ass~gns and ro exrension of the t~me 1or the payment of the debt h_~reby secu~ed 9iven by the 1'tiORTGAGEE or its successurs or assigns, s~:all operate
~o re!ease, d~scharge, mod~fy change o: affect the ong,nal liab.;:ty of the M.ORTGAGOR herein, e+fhar in whole or in part.
10. It is spx:fica~7y agreed that tlme is oi the esseRCe of rhia convact and that no waiver of any obl~gation hereunder w oi the obligation se-
c.,red he:e~y s!:a?i at any t~me thereairer be Fe!d ro be a r~a~ver of the terms hereof or of the inu~ument aecured he~by_
11. In add.re~ to the iorego ng montF~'y pay~, ~..ts of princ pal and inre~est rey~~ied by the prum"sscry no'e secured herAby, mortgagor covenants
a-,d agrees to pay ro mortgagee v.~th each month y p.~~-, ent an ~dd.reona! sum est~n a~ed by mo~rgagee ?o be eq~al to 1, 12 of the annuai cost of the lotiow-
3:
A-All real property taxrs lev~ed or a:sessed aga~ ~s* the above deu~ibcd real es~ate.
B-Prerr.~u•~s o~ f~re ard air.ditorm ~nsuia~ ce as ner~~n requ;red to br carrfed cn the ~m;;rovemeits s~t~a!e on tha above d_scr;txd premites.
C-Premiums en such morrg,ge guaranty ir.svra~ ce as rr~o~rgagee shail tro:n : me ro tune deem fit to earry on the luan secured hereby.
Ma~gagee s~a 1 trom. hme to t~~:e nor;f~ mortyagcr ~n w*lt~r.g of the a•i,oc:~t dve and payable hereundrr a~d wch sum sha(I thereupon be due and
:~~ab~e on rhe d~e d~te of ~he nexr mo~th:~ pay~r.~r.t and each wccess~ve mon!h rhereafr_r ~r.ti~ mcrtgagee shall not~fy morrgagor of a change in such
- ount. Such wms st~a:i L-e app~~~~ L>y mOrtgdy^•72 ro:rard the E,aymem of real praperry taxes, i~surance prem;ums, and mo.tgage guaranty insurance
r~emiums.
IN V~ITNESS VlHfRcOF, the sa~d !NORTGAGOR has hereunto set his hand arid seal the day and year first aforesaid.
-~igned, Sea.cd and detive~ io the presence of: ~
{Seal)
'I ~ ~ ) ~ -c_ Tho F. F
i - ~ (SeaO
- c (Seal)
~ - - HP~ZQII .j " all (Seaq
!
I S i ATE OP FLORIDA
5S_
j ~~ur~nr oF St . Lucie ~
~ _ ThOm1S F• Fd ~Tf and
Before me personaliy appeared g
; _ ~ Helen .J~ Faaan his wEle, to me we;i known and known to me to be
E the ind;viduals described i~ and who executed the fwegoing instrument, and acknowledged before me that they executed the same for the purposes
~ ihe~ein expressed. Arr.i the sa~d___ Helf~l .1• Fagan
' n~{e of the said ~103CdS R• Fagan , upon a sepa:ate and private
! e•am~nat~on by r»~ taken separate awd apart from her sa~d husband, acknowledged ?o and before me lhat she execufed said instrument freeiy and voturn
~ ran;y a~d vi~?haA any ~ompuis'wn, to~straint, apprehe~s:on, or fear of o~ from her said husband.
i ,
' WITNESS mY•.hNl¢~~iAfficiaf~al th~s-- 1~day of `T~e A. D. 19 73
i
: 'J~ -L~' - ~ ~~i 1~
. - ~',i~~~N....; - ~i _~I •
; Y'•, Norary Public in and (or th ate of ftorida at large
i i+ ~ - JL1y Comm~ssion eapires_
: ~ : ~(t1?turn To_ • "
first Fidsrs~ da~g~'d~'.loeA Aq~oc+a~[on HWory ?ubic. f~~f~ of Fbrido N lorN
= ~Of rF~it P~erCe!,J !
: Forf~Gf.l~ ~~a]d~ Mr Commission E~pir~s Oct. 3~. N7~
~'i ~ ~ - - ~owded bY Anvrican fin • CoNOfhi
~ ' -
~y~~.n
~~~~~~~e~~,:~~`~"`~~t `
This Instrument Prepared By J. H. Roberts, Jz. ~ fILEO ~kC *iECGR0E0 t
ST. tUC1E ;,~UMTY fLA.
First Federa) SBvings 8~ Loan Association RGGE~~ ~~?'RAS ~
of Fort Pierce ~ FloYida CIERK Ci.:CI+IT C~URT ~
a REC4?G YEK~~IFD~.~.~~
~ ~h~ By 6~----- ~t.11 9 ~9 AH'73
31~~ 2~s ~4~~ ~~s
~
~7
~ _ _ _ _
~ ` ` : ; ;
K~.
a~~~a~'`~.~rY"~;edw~>>^_.~'~_,x,~ ~ - ~ .-Z~ ~