HomeMy WebLinkAbout0794 3. To place end coro~nuously keep on the b~i'd~~ gs now or hereafter iliuste on ia~d land and on a~l rq~.,~;.~~~~,n~ a~.d ~.eno~~aliy cover~d by ~hf~ mong-
ege, wlih al) premi~mt thereon pa~d ~n tull, i~re ~nsw~~:ce m ~hr ~~~al sraixie~d po!~ty (orm, in a sum appro..d br rhe MuR~GAGtE, n~.J w~~~dsw~m
intu~ance in ~he usual sr„~dard polcy lo+m, in a aum app~ored by the MORTGAGEE, in iuch co~npany or co~npan~es as ~he A10RIuAGEE may
direct; and al) liro and w;ndstorm insu~ance poliaes on any oi ~a~d bui;d.ngs, any interes~ therrm or pa~t ~he~eol, in the ag9rrga~e sum ~furese]d o~
in exce~s ~hrrcof, sha!I ;oma~n ~hs usuat s~and.~rd morrgagae dause or such o~he~ da~se s~ the Mo~sgagco may requue, R~e?ing ~he ~oss unde~ a.~a poti-
ues, each and every, payab~e ro sa~d MORTGAGEE as ~ts ~n~erest mey appear, and each a~d eve~y auch poi~cy s1~a11 be promptly a~s gn~d a~~d drt~~~r,.•d ~o
eny hold by said MORiGAGEE as furiher secur~ty to ~eid mortgage drbt, and, not les~ ~han ~en (101 days in ad+a~~ce of ~he eap~~at~on oi each po6cy, ~o de-
I~ve~ to said MORIGAGEE a ~en~wal fherFOf, toge~her wfih a rece~pt for the prem~vm of such ~e~~e~at; and ~hr~e shati be ~w f~re or .~h~ds~o~~n i„s~rance
plMed pn any of said buifdings, any intere~t therein or parl the~nof, unleu io the fo~~n and w~th ~he ioss pa~abie as a(oresa~d; and in the event any sum
~f money bccomes payable Lnde~ such poticy w poGcies said MORIGAGEE shall hsve ~he upt~on to rece~re ,.~:d apply the sa~ue on acco~nt ol the lndcbtrJ-
ness secured IKreby a ro perm~t sa~d MORTGAGORS to rece~ve and use i~ a eny part ih~•r~•of for o:i.• ~ i.~~: :,s~•s. .:.~h,~r ~h ••.:;r cr • p..~.-
~~g any ~qu~ty, lien w rght unde~ or by virtue of ~his moregage; and in ~he evem sa~d MOR~GAGORS shalhfor any +easan tai) to keep the sa~d p~e~n~~as so
inswed, oa (ail to deliva prpnptly any of soid polKies of insuronce to sa~d MORIGAGEt, w ia~1 ptompt:y to F~ay iu:ty any pr~~n~u~n ~herefor or in any
~especl fail to perform, discharqe, execute, effecl, tomple~e, tanply with and abide by Ihis covenant, o~ any pert hareof, said MURTv~GEE may p:ece a.~o
pay for such insurance a any parr Ihereoi w~thw+f waiving w affecting any opt~on, iien, equ~ty, w~~gh~ under o~ b~ v~rtue of th~s Mortyage, and the
full amount of each a~d every such paym.ent shall be immed~ately due aixl payable and shall bear i~terest fiom the date thereof u~~iil p.,~d at ~he rate oi ' '
nme per cantum per annum and to~ether with auch irorrest shati !~e arwred by fhe I:en of lhis mortyage.
To permil, commif or suffer no wasfe, impairmenf or detetioration of said property w any part thereof.
S. To pay afl and singular ~he costs, cha~ges and expenses, including a reasonable attorney's fee and coses of absvads of tnle, incurred or paid a~
any time by sa~d MORTGAGfE, betause w-in the event of the fa~lure on the pa+t af the said MORiGAGOR ~o duly, peanptly and.fut(y perfo:m, d~scharqe.
erecute, elfect, complete, comply w~th and ab;de by each end tvery the sripulaf~ons, agreements, conditiona, and co.enants of sa~d promiasory note and this
mortgage any or enher, and sa:d costs, charges and expenses, each and every, shall be immed~ately due and payab:r; whe~h~r o? ~at there be no!~ce dr
mand, anempt to coltect o~ suit pend~ng; and ~he full amount of each and every auch payment shall bea~ in~crest fre.n the dafe thereof until paid at thc
~.~!e o~ riine pe~ cenrun~ pcr an.~„a~; and all said costs, charges and expeosrs incurred w paid, together wah such ime~est, shall be secvred by the Iien of th~s
mortgage.
6. That (a) in thz eve~t of any breech of this Mortgage or delault an the part of the MORTGAGpR, oi Cb) in the event any of ~a:d sums of money
herrin rcferred to be not prompfiy and lully paid whhin ehuty t30) days nez~ ai~er the same severally become due and payabte, w~tFwut demand or nodce.
or (c) in the event each and every the stipula~ions, agreements, cond~tions and covenants of sa.d p.omissory ~~me and th.s mo~tgage aoy or eithcr a~e not
~uty, prompHy and i~lty performed, d.scharged, eaecuted, effeded, ca.nplered, compLed w~rh and a6~ded Sy, then in e~ther or any such event the sa~d ag
9re-gate sum mentior~d in said promissay ~ote then re~naininy ~npaid, with intereat accrued, and atl moneys secured he~eby, shall become d~e and pay-
abie forthwith, or tMreafte~, at the opt~on of said MORTvAGEE, as fu~ly and comp;etety as if all of the sa~d sums of money were w~g~naily s~~p~ta~ed
ro be~id on such day, anyth,ng in sa:d prom~sswy note or in Ihis hlwtgage to the contrary not~ithstandu~g; and thcveupon w thereaher at the opt~on o1
s~~d MORTGAGEE, witFaut norice or demand, sult a1 law or in equAy, therefo~e w thereaher brg~n, may be prosecuied as if all moneys secured hereby
n_d matured pr~or to ~ts institut~on.
7. That in the e~ent thaf a? fhe beginn;ng of or at any time pendi~g any suit upon this Mo.tgage, or to foreclox it, or to refwm it, or to entorce
payment ol any daims hereunder, said MORTGAGEE shall apply to the Cour~ having ~ur~id,aion thereof iw the appo~otmeM of s Receiver, such Coun shait
fcrthwith appoim a receiver o( aaid mwtgaged properry aU and sirr3utar, irxlud;ng al! and s~~~gu~a~ the income, p~of~~s, iuues and revenues fra-n whrtever
sevrce derived, each and every of wt,~ch, it be~ng expressly unders~ood, ~s hereby mor~gaged as i1 spec~ficalty set fw~h and deuribed in the grannng and
habendum ciaoses hereof, and such Receiver shall have all ~he b~oad and ef(~crive funu.ons and powers in a~yw~se entrusted by a Covri to a Recviver, and
s~ch appoirttment shalt be made by sucF~ Co~rt as an admitted equity and a matte? oi absotute nght to wid MORTGAGEE, and without retere~ce to the
adey~acy o~ inadeq~acy of the va:ue of the prope~ty mo~tgaged or to the so~vency or m:oivency of said MORiGAGOR or the defendams, and ihat such
re~~s, profits, income, issues and revenues shaii be applied by such Rece+ve~ accord~ng to the Sien or equity of said MORiGAGEE and the pract;ce of s~ch
Court.
8. To duly, prompt~y and fully perform, dischargr, execute, eifect, complete. comply with and abide by each and every the stipuiations, agreements,
conditions and covenants in sa~d 'promfssory ~ote and th~s mwtgage ser forth.
9. That in the event the ov:nership of the mortgaQed premises, o~ any part nc~reof, becomes vested in a person other than the MORTGAGOR, the
ti'ORTGAGEE, its successors and assigns, may, wi:hout notice to the MORTGAOR, deal w~th such su<cessor or svccessor in inte.est wi~h refrrence ro this
r.,orrgage and the d>ot hereby sec~red in tha same ma~ner as wnh ~dortgagor w~thout in any way vi6ating or d~xharging the /Aorrgago~s' liability herr
under or upon the debt hereby secured. No sale of ih~e premises hereby mortgaged and no (orbea~ance on ihe pa~i of ~he MORi(;AGEE o~ its_ succe:tors
or assigns and no extension of the timr for the payment of the debt hrrehy secured given by the MORTGAGEE or as successws or ass[gns, a~~atl operate
ro release, dhcharge, modify ~hange o~ affect the origma! l:ab~l;ty of ~he MORTGAGOR herein, either in whole w in part.
~0_ !t is spetif~cally agreed ehat time is of the essence of this contract and thal no waiver oi any obl~gat~on hereunoer or of the obfigation sr
cured hereby shail at any time thereafter be he:d to be a waiver oE the terms hereof or of the instrument secu~ed herby.
11_ In add~tic~ ro the forego ng rnonth+y payn,ems of p+~:,c pat and interest req~~red by the prom:sscry nore secured hereb~, mo-tgago: eoverants
a~d agreei to pay to rr,o:tqagee with each monrhly pay~nent an add•rional wm esr.n.ated b~ morrgagee to be eq~ai to 1, 12 of the ann~al cost of the foliow-
;nq:
A-AI~ ~eal prop~rty taxcs lev.ed or assessed agai~st the above dezcribed rra: esrate.
B-P~en:~ums on f~re and windsro•m ~nwrar.ce as nere~n reqv~red to be carr~ed on the ~mprovernents s~tuare on rne above d_scr~bed premises.
C-Premiucr:s on s~th mortqage guaranty 4r.wra.~ce as mo-rgagee shail freT t me to t~me de•em fit to carry on the totn sec~red hereby.
Morsgagee s~a+i from t~me to t.me norif~ mo~tgagor in writing of the amo~n+ dve and payabk hereundrr and scch su~~ shaH the~eupon be due and
~.+yable on the due oate of the next month:/ payment and each successive rnomh the~eaft~r ur.tii mc~tgagee shatt notify morsgagor of a change in such
a•>io~at. S~ch sums shaJ! be apalied by mortgag~e toward the payment of reai property taxes, in rance prem:ums, a~~d mortgage g~aranty insurar.ce
;vemiums.
- IN Y~ITNESS :`iHEREOF, t' sa~d MORTGAGQR has hereunto set h~s hand and seal the day an year f'rr t a
Si . Seale~ and deliv red in the'pres~ce of: ~ • ~
- r rJ
. Se~q
- .t t ~ c. ~c it. -
, (Sea1)
- L ~
f` f tSeal)
- (Seap
i :FA7E OF FLORIDA ~ -
i COUNTY OF St. Ll1C~@ ~ ~
'r
R Before me personat(y appeared 1-gAPi ~.~uzke and
Lillian V. Burke
i his wife, to me well known and known to me to be
E the individuals described in and who executed the foregoin~ instrument, and acknowtedged before me that they executed the same for the purposes
~ rherein expressed. Md the said Liilian ~ BL1rKe
~
{ rv~fe of the said ~ I•Q011 J• 8urke upon a separate and priva~e
~ examinat~on by me taken separate and apa+f from her said husband, acknowledged fo a~d before me that she executed said instrument freely and volutr
~ ra-~!y and w~thout any comp~!s~on, consrraint, apprehens~on, or fear of or fro her said husband. •
~ Y~ITNESS my hand and offiual seal this l~th day bf Ju2 ~ ,q, p. ~q 73
1 - / ^ _t.-~',~,L' ! ~ ~ ,
- Notary Public in and for the tate ~f . ride at~ Carqs
~ i My Commission expires: ~
Return To: N ARY POB[~C, STATE',0~1 fLdRIDA st [ARG£
First Federal Savings d. loan Associat:on MY COM"AL~'~ {~(FIR":~ _~~C. 23, :9)5
fo•t P.erce. . 8ondad i1~.G~nrajl :-.Ac~a ,ind. rwr~,era,
; For~ P1erce. F)orida = ' • ~r~ "
r t~n ~NQ R~~~Ka~o ~ ~
; 1~. 4UC~~ c~u Y I A. d _
RQCEA P71'R~S 1L~ " - „ .
C4E~K C~~:C;ti; CdURT ~ ~ - '
This Instrument Prepared By JOhI'f _W. Colllns A~Ct+R6v~~:~:EB ,
{ First Federal Savin s& Loan A oci ti n f .
, of Fort Pierce ~ F~~=~~a ~ T 9 i9 AN 7 3 ~
~
' Checked By ~~Q~A~
a1C7 ~7
F
~ 5,~~K 21.6 F~~E 794
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