HomeMy WebLinkAbout0796 1o p:ace and con~in~ouily keap on the bu~:d~~,gs now or heroa(isr ~~rvate on taid land and on all eq~~~~~nent and penonally co.ered by thi~ mo~~g-
e9e, with all premi~n:s ihereon pa d in I~II, f~rr ineu~~~~ce ~n the usuai sta~ulard {wl~cy form, in a sum aHpro~rd by r1u htOR+GAGFE, a~~d w~~~Jito~m
~nsurance in the ufual itanJard poLty fpnn, in a Surn approved by the MORTGA(',EE, in suth co~npany or compan~ts af the MqRiGAGEE may
d~recl; a~d all iiro and w~nJeturm insu~ente poliucs on any of aa~d Iw~ld~ngs, a~y i~teraet theroin or part thereol, io the agqr~gete s~m a(oress~d w
exceis ihercof, shall :orooin ~he us~~l s~andard n~ortgagee clause o~ sucA orher c~avse as ~he Mor~ge9ee may requ~ro, making ~tro toss u~~da~ e.+~d polh
c~es, each and every, payab!e to sa~d h1JRiGAGEE as ~ts ~ntrrest rnay appaar, and each and eve.y such poi~cy shall be promNrly ass gn~d a~~d delivri~d ~o
eny held 6y aa~d MORfGAGEE as further se<ur~ty to sa~d mortgagC debt, and, not less tha~ ien (101 days in advance o( the e~F~rat:on ol esth pol~cy, to da
Gver to uid MORTGaGEE a renewa! ~he~euf, toge~her w~th a rece~pl tor the prrmium o1 such renerval; and there shall be no i~re er w~nda~orm insurance
placed on any of sa~d build~ngs, any inte~est there~n or pa~t thercoi, unle~s in the form and with Ihe loas payab!e as aforesaid; and in ~I~e event any sum
of money becomes payabie undar such poiicy a poG<ies seid MORTGAGfE ihall bave ihe opY~on to receire and app:y tha ~amp on account ol the indrbt..-d-
ne~s secured hereby w ro per~nit s~~d MORTGAGORS to rece~ve and use it or any par~ iher~of lor o:n~ r~,urE•nxrs. .•..ti~..::t ~h: u~ ~v.,~.~ ,3 0~ ~~~p.,~~-
ing any equ~ty, l~eo u ri9ht unde~ or by vir~ue ot this mor'gage; and in Ihe event sa~d lMtORTGAGORS shaN for any reason (ai! ro keep the sa~d premisas so
iniured, o~ fail tp delive~ prornptly sny of s.+id policies of inawante to sa~d MORIGA(;EE, or fad promptly 1o pay fu~iy a+~y p~r »~um therefor o~ in a~y
respea lail to perfo~m, d~scharge, execute, effea, complete, comply wi~h and ab~de by this corrnant, w anr par~ hrreof, said MGRiGAGfE may p+ace a~~o
pay fw suth insvrance or any part thereof w~rhout weivirg or affettireg any op~lon, lien, equ~ty, ot N9h~ unde~ w by vi+we of this Mo~tgage, and thc
'.ull amount o( each and e.ery such paymen~ shall be im,ned;aeely d~e and payable and shall bear ;n~erest lrom tha da~e thereaf uneil pa~d at ~he ro~e of '
n~ne per centum per annvm ae~d to~ethrr with svch ~merrst shaii t~ iecwed by the (ien o( this mortgage.
To permit, commit or suffer no waste, impairment w deterioratio~ of said property w any part thrreof.
5. To pay all a~d singular the co:ts, charges and expenses, in:Iuding a ~easonable attw~ey's fee and caats of abst.acts of t~tle, incurred or paid at
any time by seid MORTGAG'.E, because or in the cvent oi the lailure on the part of the aaid MORTGAGOR to duly, promptly and f~tly perfotm, d~x~~rge. .
r:ecute, efled, comptete, comply with and ab.de 6y each and every the stipularrons, agreements, conditions, nnd covenanrs of sa~d promi:sory note and tb~~
nzo+tgage any or ei~her, and sa:d cos~s, charges and expenses, each and every, shall be immediately due and payabfe; whrrher w not there be ~ot~ce da
rnand, anempt to collect or suit pend~ng; and ~he full amount of each and every such payment shell bea. inrLresl from the da~e the~eof unti~ paid a1 the
~~re of nine per cenrum per a~~~~c:T:: a:~d all said cwts, charges ar.d expensea incurred or paid, togethar wnh such i~terest, shall be secured by the lien of th~i
mortgsge.
6. That (a) in the event of any breach of this Mortgage or defau~t o~ the part of the MORTGAGOR, or (b} in the event any of sa~d sums of mo~ey
fierein referred to be not prampNy and fully paid wethin th,ny ~3D1 days next atter ~he sam~ severatly become due and payab!e, w~thout demand or notitc,
or in the evero each and every the sriputat~ons, agreements, condlrions and covenams of sa:d promissory note and th~s mortgage any o~ either are not
~uly, promptly and fully periormed, d scharged, e:ecuted, e~fected, compietcd, compl~ed wirh and ab~ded Sy, ~hen in e~~her w any such eveot the sa~d ag~
g~egate sum mentioned in said pra~~issory note lhen remaining unpaid, with interest accrved, ar.d ail moneys sec~red hereby, shall become due and pay-
aole farthw~th, o. therealter, a~ rhe opt~on of sa+d MORTGAGEE, as iully and completely as if all of tf.e said s~ms o( money were ong'~nslly st~pu;ated
to be pa~d on such dey, anyfhing in sa;d prom;sswy note or in this Mortgage to the cororary notwithstand.ng; and there~pon w thereahe~ at the option of
sa~d MORTGAGEE, without nonce or demand, suit at law or in equity, therefwe or ~hereaf~er begun, may be prosecuted as if all moneys secured hereby
n_d matured pnp to ds institut~on.
7. That in the erent rhat ar ehe beginning of or at any time pendirg any suit upon this Mortgage, or to foreclose it, or to reiorm it, or to enforce
payment of any claims he~eunder, said MORTGAGEE shall apply to the Ca~rt having jurisdictlon rhereof for the appo~ntment of a Receiver, such Coun shall
Fo~~hwith appoint a rece~ver of said mortgaged property afl and singular, includ:ng aIl artd sinqular ~he income, prolds, issues and revenues from whateve?
source derived, each and every of whrch, i~ being expressly unde~s~ood, is hereby morigaged ai if spec~ficalty set fonh and deuribed in thc graro~ng and
t,3bendum davses hereof, and such Receiver shall have all the broad and effeaive funct.ons and powers in anyw~se entrusted by a Gou~t to a Recriver, and
s_ch appoinrment sha~l be made by such Coun as an admifted equny and a marter of absolute right to said MORTGAGEE, and wisho~t re(erence to 1he
nd~quacy or inadequacy of the value of the p~operty mortgaged or to the so~vency or ~nsolvrncy of aayd MORiGAGOR or the defendants, and tha? such
rr~~rs, profits, income, issues and revznues shaii be applied by such Receiver accord~ng to the leen a equity of said MORTGAGEE and the practice of such
Court.
8. To duty, prompt!y ~nd fuily perfo:m, discharge, execute, ei(ect, complete, comply w;th and abide by each aad every the stipulations, ag+eements,
conditians and covenan~s an said promissory nete and this mortgage set /wth.
9. TF~at in the event the ownersh~p of the mortgaged premises, or any part the~eof, becomes vested in a person other tha~ the MORTGAGOR, the
h'pRTGAGEE, its successors and assi~~s, may, w~thoue norice to the A10RTGAOR, deal wuh such successw or s~ccessa i~ interes~ with reference to this
n,o•tgage and the debt hereby secured in the same manner as w~th Mortgago. without in any way vit~ating or dascharging the Morrgagors' liabiliry here-
under o~ upon the debt he~eb~ secur~~d. No sale of th~e Fremises hereby mortgeged and no forbeara*+rP ori the part of the MORTGAGEE or its successors
or assigns and no ex:ens~on of the time for the paymem oi the debt here6y secured g~ven by the MORTGAGfE or its successwa or ass~gns, ahall operate
io re~ease, d~scharge, awd~fy change or affect tAe erig~na! tiab~lity of the MORTGAGflR herein, tither in whole or in pa~f.
10. It is spec~ficaliy agreed rhat time is of t),e esse~ce of this co~rrac~ and that no waiver of any obligation hereunder or of the obligation sr
c~red hereby shat~ at any time ~hereafter be hetd to be a waiver of the terms hereof w of the -instrument secured herby.
11. In add tio~ to the forego n9 ~nonth'y paymcnts or prirc pai end +~:terest reyaired by the rr~m;ssory no!e secured hereb~, mortqagor covenants
a^.d agr~es to pay to mortgagee m~rh rach monrh:~ pa~~.:e~v an add~rional sum rst:,:~a:ed by mortgagee ro be eyua~ to 1, 12 of the annual cost oF the folfow-
A-Alt .eal prope.ty ta,crs le•ned or asses~ed og,~~•~st the above desvi;cd real estafe.
B-Prers,~u ns o~ f~re and windstorm i~surar~e as nere~n requ~red to be carried on the improvements s~tuate on tFre above described premises.
C-Premi~n~s o:i such mortg~ge gvaranty ir.surar.ce az mortgagee sha:l from t:me to time deem fit ~o ca~ry on !he loan secured hereby.
Mortgagee sha~! from nme to t~rne not~f; mortgagor in w~iting of the a~r.ount d~e and payable hereunder and s~ch sum shall tnereupon be due and
;.~yabfe on the due dare of thz r.ex: month'.y payment and eacn successive mor.th thereaftcr ur.tit mortgagee sha~l ~otfly morfgagor of a change in su~h
e~-.ount. Such sums s~a:t be app!~ed by mo~rgayse roward ~he payment of rea! property taxes, insurance prem.ums, and mortgage guaranty insurance
;remiums.
IN YlITNESS :":HfREOF, the sa~d MORiGAGOR has hereu~to set his hand and seat the day and year first afwesaid.
Signed, Sealed and delivered p the presence of:
~7
~.1~ ~-~E-'ZZ
i ~ ~ ~ ' ~ Irene Perry, a wf8brr~-t~so
; - cse•4
` ~s (Seal)
i . -
cs~ai~
f 5~ ATE OF fLORIDA ~
couvrY oF st. Lucie ~ u.
t Be~ore me rsona!! a _ Irene Perrv~ a wido*?
` pe y ppeared O /
-~s~R; to me well known and krrown to me to be
~ rhe individual descr~bed in and who executed the foregoing instrument, and acknowledged beiore me that ~e:ecuted the same for the purposes
~ rherein expressed. /1p~,~;~ "
; ,w i~~i ~Fw ~~ii , ~
t ~+ew~MwMow~~lNeklrf!lperale~w~~A~'w~e~Sw~~wbe~;~~Ic~g~e~Qai.w/rr~ry~hN.si~~w~rlsiL~[L~6i[W~pp~~Od.1~~1Y~
' 1~
~ hR~~I~MM~b~f17K~f11~{r~f~?~OwfM~iYp~P*I jY~r~~ iil~`YitiiYiL • .
s WITNESS my hand and ofFicial seal ihis_. _ day J~ -A. D. 14
~ ~ ~ c%~-L'C~l~ ~7~. -
ary Publit in and for the State ^flp~ida3 dsrg6'
. ~
y Commissior~ expires: ' ' ~ '
aef~.~ to: NOTa.ov n,..,:.~.~ _aT' L'RG~
First Federal Savings 3 loan Associat~on . • ' - _ . , ry
~ Of Fort P.erc?. 6~.- - ~ _
' Fort Piercc. Florida . ' ~ C • .
i M
~ FIlEO AND ~iECOR0E0
? This fnstrument Pre ared B ' ST. LUCIE COUNTY FI,A. ~
P Y J~ H~ Roberts Jx. ROCEA r0~?RAS
~ First Federal Savings- 8~ loan Association CIERK C~~cCU1T COURT, itl
of Fort Pierce ~ FlOY~da RfCO~b Y~H!~'tE~ ~.r
r
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; Checked By ~ i1 9 is AH 13
; i-"C'~ 258692 ,
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