HomeMy WebLinkAbout0800 J. To place and continuously keep on tne L~i'J~•,gs ~ww or i~errafter ~i~uate on se~d !and and on a1l .•q,ip~n~nt and penona~ly covercd by this mo.~g-
age, w~Ih all prom~umt thereon pa.d ~n full, 1~re ~nsurr .;e in the usue! standard po!icy form, in a sum a~.p~oved by thc htOR~GAGEE, a~:d windsto~m
inw~ance in the ~suel srandud pot:iy for~n, en a swn aFprorrd 6y the MORTGAGEEi in auch compeny or co+npenies af ths MORTGAGEE may
dlrett; and all Iirs and w:~Jsrorm insurance pol~c~as o~ any of said bu~:d:rgs, any intereal thtrein ot parl thr~eol, in the agg~egare wm ~taeteid w
in excess ~hercof, sha!1 ;oroain the usual sta~~dard morr~agee cla~se or such o~her dauss as the Mo~tgsges may ~equ~ro, maA~ng ~he ~ces vnder s~~d Foli-
c~e~, each and every, payab!e to said MORTGAGEE as ~~s interrst may appea~, and each and every such poi~cy fhall be promptly assgnnd e~~d deliv~rrd ro
eny held by said MORiGAGEE as funher srcurity ro aaid mongage debt, a~~d, not less than ten (10) dsys in aJrance of the e:puat;on of each poi~cy, to dr
I~ver tp sa'rd MORIGAGEE a re~~rwal the~rof, togeiher w~Th a recelpt for the prcm~um of such renewal; ar~d ~here shall be no Lre o• w~nilsto~m inaurance
placed on any of sa~d bvild~ngs, any ]nteresl Ihera+n or parl ~hereof, unless io ~he (orm and w~th ~he loss paysble as afo~esaid; a~d ~n the evenl any sum
of money becomea payable u~~der ~uch policy o? po6cirs said MORIGAGEE shall have ~he opt.on ~o reccive and appty the sa~nr on account oi the ind..•bted-
nels secured hereby or ro penn~~ sald MORTGAGORS ~o receive a~d use it a any part thr~eof for oii„~. p~,e,.~asrs. ..'~~i~o,t ~h:..o~ w_,.~i3 ~r ~.:.;,..~r-
ing any ~qu~!y, I~en or r~gh~ unde~ a by vir~ue of ~his mor`gage; and in the event ta d MORTGAGORS shal! (or any reason fail !o keep ihe said premis:s so
ineured, o~ fai! ?o drl;ver pranp~ly any of se~d pol~cies of insurance lo said MORIGAGEE, or tad prompily to pay lu:ty eny pr~m:~m therefw u~ a~y
~espec~ ia~l ~o perfo~m, d~:charge, eaecu~e, elfecf, compl~~e, comply w~~h and eb~de by th~s covenan~, a any pe~~ hrrcoF, sa~d MGRTGAGff may piace a~~d
pey for such insurance or ~ny parr thereof wirhout waiving oi afiec~iny any oyt~on, IiQn, equ~~y, or r~~h~ u~der u by virwe of ~h~s Mo~tgage, and the
f~Il amoum of each and every such paymem shall be ~m~ned~ately due and payable a~~d ahatl bea~ inte~es~ from tha da~a thereof u~~~i~ pa~d at the rate ol
n~ne pe~ cenrum per ann~m and to~rther with wth inte~es~ shali Ge securrd 6y 1he tien oF this mortqage.
1. To permit, commit or sutter no was~e, impairment or deterioration of sa;d property w any pa?t thereof. •
5. ?o pay aN and singular the cos?~, cha~ges and eapenses, ~nctud~ng a rcaso~able anwney'~ fee a~d costs of abstracts of ~~tte, incuned or pa~d a~
any time by sa~d MORiGAGfE, because w in the eveN of the ia~lure on the pan of tha said MORTGAGpR to duly, promptly and futly perform, d~xharge
s¦ecute, effed, comptete, comply w~th and ab:de by each and every rbe stipulariau, ag~~emenfs, condifions, and covenanrs oi said pror.~iasory note and ~his
mortgage any w eithe~, and sa~d cosrs, chargea and expenses, each and every, shall be immediatety due and.payabie: whefher w not ~here be norice d~
mand, auempt to co:led qr suit pendmy; and the full amouro of each and eve?y such paymem ahaU bea. interest from the date the~eof until paid ~t the
:.~~e o~ nir~e per c~nrum per annuar, en~ all said cosis, charge~ and expenses inturred or paid, together ~wth such inte~est, shall be setured by the lien of th~~
mongags. "
6. That (a) in the event of any b~each of this Mortyage or defaull on the pa~t of the MORTGAGOR, or (b) in the event any of satd suma of money
herein re(erred to be not pio:npely artd fully paid within th~r~y {3p) dsys ~exf aite~ the same se~e~aity beca»e c'~e and payabie, without demand or notKe,
or (c) in the evem each and every the stip~lai~ons, agreem~nts, co~d~tions and covenants of sa.d promissory note and ~h,s mortgage any pr either are nol
iuly, promptly and fully performed, d.scharged, exrcured, eff¢~ted, completed, compl~ed with and ab~ded Sy, then in either w any such event the sa~d ag
gregate sum mentioned in sa~d promisswy note then re~naining unpaid, with i~teresl accrued, and a11 moneys secured hereby, shall Eecome dve and pay-
e~!e forthwith, w the~eafter, at :ne opnon af said MORiGAGEE, as fv~ly and compte~ely as if atl 01 the said sums of money were or;g'rnally st~pu:afed
ro be pa;d on such day, a,tything in sa:d prom;ssory note ar in this Mwtgage to the co~trary notwithstanding; a~d thereupon or therealter at the opt~on of
sa,d MORiGAGEE, w~thout nonce or demand, suil at law or in eqvity, therefore w the~eaher beg~n, ma~ be prosecuted as if all nwneys secured F~ereby
n_d maturet! pnot to ~ts institution.
7. That in the event rhar ar the beg;nn~ng of w at any time pend~~u~ any su~t upon this Mo.tgage, or to foreciose it, or to reform it, or to enforce
payment of any cla;ms hereunder, sa~d MtORTGAGEE shall app!y to the Coyrt having jurlsd~uio~ the~eof tor the appomtment of a Receiver, wcF+ Cwr1 shail
iorfhwith appoint a~eceiver of said mortgaged propr~ty aR and singuiar, incl~d~ng a71 and s~:,gv.a. the encome, protds, issues ar.d revenues from whatever
:e~~ce derived, each and eve~y of wh~ch, it being e~pressiy unders~ood, is hereby mo~rgaged as ~f s~c~f~catty se~ fo~~h and described in the granting and "
h~bendum clauses hereof, and a~ch Receiver shai{ have a:! ~he broad and effec~~ve fvncr,ons and powers in anyw~se entrusted by a Cowt to a Receiver, and
ch appoinrmenf sha!! be made by such Courr as un admitted equity and a m.aner o4 absol~te nght to said MORTGAGEE, ~nd witAout reference to the
edequaq w inadequacy of the value of the progerty mwtgaged or to the so:vency or ~nsoi~enq of sa~d MORiGAGOR p the defendants, and that such
re~,rs, profits, income, issues and revenues sAail ba applied by such Rece~~er acco~d~ng to ~he Gen or equity oi seid MORTGAGEE and the practice of s~ch
Court.
8. To du1y, prompt~y and futly p~.fo.m, discharge, execu~e, eifect, complete, comply with and abide by each and every the stipulations, agreements,
conditions and cove~anrs in sa~d promisswy note and ~h~s mortgage set f«~h.
9. That in the event +he ownerihip of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORiGAGOR, the
h'.ORTGAGEE, its wccessors and ass~gns, may, without no:ice to the 610RTGAOR, deat w~ih svch wccesso~ a wccesso~ in interest with reference to this
r-or~gage ar.d the debt he~eby secured ~n rhe same mann~~ as w~th Adortgagor w~thout in any way vii~ating or d~schargir~y the IJtarfgago~i liability herr
;,nder w upon ~he debt hzreuy sec~red. No saEe of tfie premises h~reby mo.tgaoed and no forbearance o~ the part of the /.10RTGAGEE or its succeaso~s
o~ ass~gns and no exte~sion of the time Sor the payment oi the debt he.eby secured g~ven by the MORTGAGEE o+ its successws or ass~gns, a~~alt opaate
ro release, distharge, madify change or atfect the a+~ginal liai~~l+?y of the MORiGAGOR herein, either in whote or in part.
tp. It is spec~fically agreed thar ti,ne is of the esse~ce of this cqnvact and that no waiver o( any obi~gat~on hereunder w of the obligation sr
cvred hereby shal~ at any tir.:e thereafter be hetd to be a wai.er oF the terms hereof w of the instrumeM secured herby.
11. In aJd:t:o~ to the ioreqo nq month!y paymentS of pnnc pal antl intzresr required by the p~om~ssory no!e secured herebr. +notfge~or covenants
~~•d agrees to ~ay to rno-!gagee ~n~rh each r:~onrh:y pa~r.:e:~t an add,s;ona! s~m rst•n,ased by mortgagee to be equat to i; i2 oi tno annuai cos! of ~he foi~ow-
A-AII real prope.ty ea<es !a~f~ed or assested a^y3~~:St iF.~ above descr~~ed real esrate.
B-Pren,,ums on fire and w~ndstorm insurar.ce as here=n req~:r~ to be carried on the ~mproveme~ts situate on the above described prem3aes.
G-Prerniums on svch n:orr~age guarartty iasurar.ce as mo.tgagea sha11 from t;me to time deem fit tp carry on the {oan secured hereby.
Mortgagee she't '..om n•re ~o time rot~fy mongagpr ~n writing of the amount d~e and payable hereunder and wch surn shall thereupon be_due and
:~~abte on the due Ud~Q uf ~he next montF;y payfr.ent and each successive month thereahcr urt~I m~tgagee shall notlfy mortgager of a chanqe in svch
ounL Such s~ms sFa l Fx ap.-~~eed 'oy mortgag~e toward ~he payrt:eni of real preperty taaes, insurante prem;ums, and mortgage guaranfy insurance
;,•emi~ms.
IN 4YITNE55 ':~NEfFEOF, the sa~d MORTGAGOR has hereunto set his hand and seat ihe d~nd year lirst afor sa;
" ned, Seated and detivered in the presence of: \
- al)
-'"Q Richard M. a s ~~,~Z .
'n cs~~i~
Dot~tla?' S~ Ce~pps - sea~
{ ~
~ S~ATE OF FlORIOA ~ ,
~ COUNTY OF _ St. Lucie ( ~
I Befwe me personaily ap~eared Riehard M. G~ns - a~
Donna C~ps his wife, to me well -known and k.wwn to me~1p. be
:he individuata described in and who execwed the foregoing instrument, and acknowtedged before me that they executed the sarrK fw the purp~es
~ rhe•e~n expressed. And the said D011D $ C i`«kr~
! Richard M c[~ •
r.,fe of the sa+d • ~p~ upo~1~ s~a~ale'Lnd+~riv~~
' e=am~nat~o~ by me taicen sepa~ate and apart From her sa;d husband, acknowiedged to and before me tbaf she executed said irut~~~1 E u~?-
! >•j•~:y and w~tFwut any compu!sion, constra~nt, appreh ns:~ear of w from her said husband. ~
; WITNES$ my hand and o!ficial seal this_ d `J~y- ~ i r
i ~ ~~g~
~ ~ ~ . ~ i-
s L~?,~ : ti
Notary Public in a~d for the Stase of:Fl~i~ latg~`~
' My Commission e~cpires: ~ : r.
Ret~rn To: . ~
, •
First Federal Savings 3 Loan Associat,on ~ i.,.~~~.- .
i O( Fort P:erce. ~ " ~
Fort PFarCe, Florida , • - .
t
* This Instrument Prepared 8y~]~
First Federai Savings & loan Association' Roberts, J=. ~rtEO Ah{~ p~~p~pFO ~s~n
of Fort Pierce ~ Florida 46uxTr FtA. v
AOCEF : )~Ta4S l ~g
PF ERK Cta~UtT ~OURT
Checked By ' RQ v~a~-;:[~ ~
1
i
c ~ ~ ,~c t1 g 20 ~N
~::~K2~fi o~~~ 80 _ ~3
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