HomeMy WebLinkAbout0802 3. To ptace and cont~nuous~y keep on the bui:d~~~gs now or he~eaiter ~~t~ate on s~~d Isnd and on all eq.,I~.~r•e~t and pe~sonallr ccve~ed by ih~a mo~lg-
sgs. with all premiums Ihereo~ pa d m(ull, tire insurance in Ihe uwal stei+~eid poticy iorm, in a sum appru~ed b/ ~hr A~QREGAGEE, a~~d windsto~m
insurance in ~he us~al uand.+rd po:,cy (wm, in a wm approvnd by rhe MURTGAGEE, in such co~np~~~y or co~~pan~es as ~he M02TGAGEE may
d'uet~; and all (iro and winJstorm insurante poGcias on ~ny of sa~d bui~d~nqs, any iroereat therem or parl thrreu4, i~ Ihe aggrega~e s~m aforese:d or
in excess the~eol, shel) contain the usual sta~~darJ mo~rgagee clause or suth o~her clavfe as thQ Mouyeges mey req~.ro, making ihe iass u~~dar sa~d pol~
res, tach and every, payable to ~aid h1pRiGAGEE es ~ts imcrrit n~ay appear, a~d each and eve~y such po~~cy shall be promp~ty a~s gnrd a~~d dr~~vc~rd to
any held by seid MOR(GAGEE as (urther secwity to said mortgege debt, and, no~ le» than ten (101 deya in ad+ance of the expirat~on of each pohcy, ro da
~iver fo said MORTGAGEE a renewal the~eof, together with a~ece~p~ for thc paamivm oi suth ronewaf; and ~here shall be no f~ro or wh~dsw~m insurente
pleced on any of ssid M,ild~ngs. •ny interest there~o a part thereof, unles~ in +he form and w~~h ~ha lo?s payebie as afo~esa:d; and in the c~en~ a~y sum
of money becwnes payab~e ~nder such policy o~ pol~ues sa~d MORTGAGEE sE~a~l have the opr,on ro recr~ve and appiy tbe ~a~»e on accour~~ of the i~~d~bred-
neu lecvied hereby o~ lo permit sd~d MORTGAGORS ro reCeive and use it p any part tl~_•rcol tu o:~~~~r purF csrs, ..~~ho.:f rh i,; .v:.~.: or ~~;p~~.-
ing a~y equ~ty, Gen w r~c~ht undei o~ by virtue o+ Mis mo~!gage; and in the event ia~d MORTGAGORS shall for any reawn fail to keep ~he sa~d prem~ses so
iniured, a fail to deiiver promWtty any ot said pol~ues oi iniurance to sa~d MORiGAGEE, or fa~t prumpfiy ~o pay I~IIy an~ pr~~n~~in thcrcfor or in a~y
resped (ail to pe~fpm, discho~ge, execute, effed, comp;ate, comply with and ab~de by th~s covenanr, w any part hareof, ae~d Mv2iGAGEE rnay p~ace a~~a
pay fw such insurance or any part thereof without waiving w ci(rctiog any option, lien, equdy, or r~yht unde~ or by vntue oi ~his Morrgage, a~d tht
t~ll amouM o( eath and every such payment shall be im~ned~ately d~e and payable and ~hatl bea~ interrst from the da~e th~rcof until p.,~d at ~he ru~a of ~ ,
nine per centum per annum and lo~eth.:r w~~h wch mterest shaii be srwred by the lien of this mptgage.
4. To permit, tommit w sutfer no waste, impairn-~ent or dEterioration of said property or any part the~eof.
5. To pay all and singuta~ the costs, charges and expenses, including a reasonable atto~»ey's fee and cos~s of abarracts of tiele, incurred or paid at
any time by said MOR1GAGfE, becausa w in ~he event of the failure o~ the part of ~he said 1~10RTGAGOR to duly, pranp~ly and fu:ly per(orm, d~uharge,
eaecute, eficct, complete, canply w~1h and ab:de by each and every ~he stipulauons, agreements, tond~tions, and covenants of sard p~omisso~y note and fhls
morrgaye any or eirher, and sa+d costs, chsrges and expenses, each and evrry, shall be immed~ately due and payable; wheiher w ~ot ~he+e be nonce da
mand, attempt to collect or iuit pend~ng; snd ~he fvll amounl of each and e~ery such payment sh~ll bea. interest Irom the date thereof u~tii paid al rhe
rare of ~ine per centum per annum; and a~~ said cos~s, cF~arges and eaper.ses incurred w pa~d, together weh wch interest. shall be secured 6y the Gen of th~~
rnOttgagQ.
6. That (a) in the event of any breach of this Matgage or default o~ thr part of the MORTGAGOR, or (b) in the event any oi sa?d sum' of money
herein referred to be oot promptly arx/ (ul~y paid within th~rry (30) days next airer ~he same severa:ly betome due aod payaLle, without demand or ~tice,
or in the event each and every the s?ipulat~ons, agrerments, condrtions and covenants ot sa d promfssary no~e and th~s morfgage any or e~ther a~e not
~uly, prompt:y and fully perEormed, d,scharged, executed, effccted, completed, comp{~ed with and abided 5y. /hen in e~~her or any such event ~he sa,d ag
gregate sum mentioned in said promissory note then remaining u~pa~d, wi~h interest accrued, and all moneys sec~red l~ere5y, shall betome due and pay-
eble forthwith, or thereafter, at the option of said MORTGAGEE, as futiy and completely as if all of the safd s~ms of money were w~ginatly st:pwated
;o be pa~d on suth day, anything in sa.d pran~ssory ~ote or in thia Mortgage fo the con!rary nolwitFstand~ng; and thcreupon or ~hcreafter at the opnon of
said MORiGAGEE, wi~hout nohce or demand, s~it at iaw or in equity, therefore or thereafter begu~, may 6e prosecuted as if all moneys secured hereby
n,d maWred pnor to ~ts institution.
7. 7hat in the event ~hat at the beginning of or at any rime pending any svit upon !his Mo~fgage, o~ t~ foreclose it, or to refwm i1, or to enforce
payment of any tlaims he~eunder, said MORTGAvEE sha~l apply to the Court hav~ng ~ur~sd~ction thertof for the appo~ntmenl of a Reteiver, such Court shaif
Fcrthwith appoim a receiver of said mo~tgaged property ail and singular, incl~~d:ng all and s~ngv3ar ~he ir.come, proi~ts, issues and revenues from wha?e+e~
source derived, each and evr~y of wh;ch, it bring expressly undenrcod, ia hereby mortgaged as ~f sFeulically sef forth and detcribed in the graot~ng and
habendum clauses hereof, and such Receiver shall havr all ~he broad and effective funcr:ons a~d powen in aoywne entrusted by' a Court to a Reca~ver, and
:.ch appoimment shalt be made by such Cowt as an admitted equiry and a matter of abso+~te ngh? to said MORiGAGEE, and witho~t reference ro the
adequacy w inadequacy of the value o~ the property mortgaged or to the so:vency or ,nsotvency of said MORiGAGOR w the defendants, and that svch
renis, profits, irr_ome, issues and revenues shall be applied by such Receiver accord+ng to the tien or eq~ity of said MORTGAGEE artd the prap~ce of such
Court.
B. To duly, promp~ly and fully pe.form, discharge, execute, effect, complere, comply with and abide by each and every the stipuiatior.s, agreements,
conditions and covenanrs in sa~d promissory note and ~his mor~gage se+ forth.
9. That in the event the owr.ership of the mortgaged premises, or any part thereo(, Eecomes ve:ted in a person other than the MORTGAGOR, the
AIJRTGAGFE, its suctesso+s and assigns, may, wi~hou~ rwtice to the MORTGAOR, deal wnh such successo~ or successer in iroerest w~~h reference to thia
r:-:ortgage and the debt hereby secured i~ the aame ma~ner as with Mortgago~ w~thout in any way vit:ating or d~schargi~~g the Mortgagors' liabitity hero-
under or upo~ the debt hereby secu~ed. No sale oi the Fremixes he~eby mo.~gaged and no for~arance on the pan of rhe ?AORTGAGEf or its successws
or ass~gns and no eatension of the hme fa the payment of the debt hereby sec~red given by the MORiGAGEE or its successws or ass~gns, shall operate
to release, d~xharge, mod~fy ~hange or affKt Ihe orig~nal Iiab~Gty of the MORiGAGOR 1x.ein, either in whole or irt parr.
10. It is spec~ficaity agreed that time is oi the esser.ce of rhis conrract and that no waiver of any obGganon he:eunder w of the ob[i9ation se-
a.,red hereby ~hal~ at any time ~hereafter be he:d to be a wa~ver of the terms hereof or of the instr~~nent sec~red herby.
2:. tn ~da.t:o~ !o the 4erego ~~g ~nor.lh!y c~ayn~snts of princ"pai a~id interest requ~red by the prom.sscry nc'e sc:ured hereby, mortgagor covenams
and agrees to pay to n:o•tgagee v.i:t~ each monthiy pay~:tent an add~rianal sum esr,~,ared b~ moregagee to be eq~at to 1 12 of fhe annuai tost oi tne foiiow-
~ng:
A-All real property taxes levie~ or assessed agai•~st the above desc~~~ed real estate.
B-P~emiums on fire and windstonn insur~rce az herein requ~~ed to be carn~d on the imYrovements s~tuate on the above described premises.
C-Pte~r.iu~cs o~ such mortgage guaranty ~nsura~.ce as mortgagee shati from t:me to rime deem fit ro carry on the loam secured heseby_
Alortgagee shai! from fime to rime nor;fy mortgagoi in writing of the emount d~e and payable hereu~dar and such sum shail thereupon be due arxi
F ayable on the due date of the next monthly ment and each successive month thereafre. unril mortqagee shall not;fy mo.~gagor oi a change i~ such
a^,ou~t. Suth sv~ns sF.ail be app!ied by mortgag. wa•d the payment of real preperty taxes, insvrance prrm:ums, and mortgage gudraMy insutance
~remiums.
IN ~ JE~S 'N ERE , he MO hGOR ~ s hereunto set his har,d and seal the day and year first aforesaid.
Si ed d iver ~ e e of: L
~ . - ~ ~~is-,t~ ~i~ - f5eat)
' C• ~@[It ~II@1 ' (Seal)
- ~ 'flf~ . [f l 7 ~ [ (Seal)
_ ~ - Blaine K: Bbner ~~a~~
SIATE OF FCORIOA `
St • V11C~6 i SS.
cout~rY oF
Betore me personally appeared C• ~~t ~neY a~
8laine K. ~II@'Y his wife, to me well know~ and known to me to be
the in~ividuaSs described in and who executed the foregoing instrument, and acknowied~ed before me that they e~cecuted the same for 1F.e purposes
, therein expressed. And the said Slaine K. $b2'1@Y
rfHe of the sa4a. C• ~el1t A6Y
, upon a separate and privste
examination by .rt~e ta~ien sep~/~Je ~nd apart from her said i~usband, acic~owtedged to and before me that she executed said insrrument freely and vo)un-
rari{y and w~tAoert;pny•cqr?+pul~ioA~ oonstraint, appreh~ns;on, or fear of or from her said husband. '
~VITNE~.S my~ ~n~~nd•~ffic;al seal this__ ~r _ day of , A. D. 19 73
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~ F~'- ~~G - Notary Pub!ic in and for t tate of Florida at large
: ; • My Commission expires:
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:
First ;eQlcal•,Savings~G,lb~r~ -Association
; r~;
J, OE'F~l~f'P•e
Kor~~f4erc~ ki~ritla /ubFc. SIM ef N~'~~ d lo~i~
HO~°ry ~p, 1t74
. My GomR,:ss~.n l=?~•.s Od.
~onded ~y Americon ~r• ~ ~Atvd~
This (nstrument Prepared By .7. H. Robeits~ JY.~„ ?~Ep ANO ~ECOROlO
First Federa! Savings 8 Laan Association i~ WCI"c COUNTIf FLA. ~
of Fort Pierce ~ Rlorida ROCER P~J1TR~5 ~
~ CIERl~ CtrCUt~ COUIIT
Checked By RECORC vEe~~~'IEb ~
~,11 9 zo ~M'73
~:~.~?.1~ r~E 80
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