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HomeMy WebLinkAbout0902 3. To ptece artd conlin~ovily keep on the b~i'J.~•gs now or F.ereaiter ~Ituate on said land and on al~ eq~ip~nent and panoneliy covered by thif mo~Ig• ege. with ell prem;~~ns th~reOn pa d i~ 1~N, I~tc ins~rante m Ihe u1w1 s~d~~da~d po!rcr fOrm, in ~ sum a{.tixu.ed by Ihe MORiGAGEE, a:~d w~~dstorm ~~wr~~ce in the uwal sra~d~~d pol.cy fo~m, in s wm epµrovrd by rhe ASORIGAGFE, in such compan~ or compan~es sa ~he AtORTGAGEE may direcl; and all (ire a~~d w~ndstorm insurance pot~urs on any o) ta~d bu~id~.+gs, any interest tAere~n or part Iher~~of, in Ihe aggrega~e ev~n •foresa~d or in eate~s ~hereof, shall :onta~n the us~al standard mortg.i3ee ciause o~ such o~he~ dause as the lNorrgegee may ~equ.re, making tt~ ;ois under si~d po~~ c+es, each and every, payab!r io sa~d 110RTGAGEE as ~ts :rocrest may appea~, and eacA a~~d eoery auch po:~c/ sho? ~e pro~~ptly augned a~~d deGvc•~rd ro eny held by sa~d h10RIGAGEE as tur~her aecurity ?o sa~d ~no~tgage dcDt, and, nOt !ess than ~en (10) days in ad~ance o( the lxpiration O+ eech poGCy, to dr ~ive~ lo said MOR~GAGEE a renewal Mereof, togrther w~th a rece~pt for the p~nnu~m of wch ~enev~.al; and thr~e shall be rw i~~e or winds~o~m inswa~te plated on •ny of said bui!dings, any interesl the~em or par~ thercof, un!ess in ~he fonn and w~~h the loss payablr os a(ore~oid; and in the eve~~t any sum of money becomes payable ~ndrr such policy ar pot~c;es sa~d MORTGAGFE ahali have rAe opr~on ro rece~va and ap~1y t)w sa~ne on account o) the indrbted- ness secu~ed hereoy or to pera~il aa~d IAORTGAGOR$ to rrteive arzd vse it o~ ~ny ra~l the:~~of lui otn• r puc asa~s. :.~~ho,.t th_~~ ul ,n.,~.i.~3 or ~.,.p~,~~- ing any equ~ly, lien w righl uncl~r or by virtue ot this mor'gege; snd i~ the event ~a'd MORTGAGORS shaft for any reason tait ro keep the aaid prem;sas so ins~red, or (eii t0 deliver ~ompNy any of said (ioLcies oi insurance to sa~d MCRTGAGEE, or fa:! pzomptiy to pay f~;ly any pr¢~n~um therefor or in an~ respect fail to pe~fo.m, discharge, exec~te, elfecl, ca~plate, co:i~ply with arxl abide by this cove~ant, or any p..r~ h~~eof, se~d MURiGtiGEE may piace a~o pay ior such insurance or any par~ ~hereof w~~hout waivfry w at(ect~ng s~y option, Ifen, eqv~ty, o? nyhr under or by v~~tue o~ th~s Mo~fgage, and thc i~i1 amount ot each and e.e~y such paymero shall be ~mmedia~ely d~e and payable and shatl bear imerest Irom the date thereoF uruil p,,id at the rote ot ni~ie per cantum Fer annum and togriher wuh such intrr~s~ sn.~i~ be srwred by the lien of Ihis mortgage. 4. ~o plrmil, commit or auffet no waste, impairm~nt ot deter~oration oi ~a~d properfy w any part the~eof. 5. To pay atl and s~ngutar the costa, chargea and expenses, indud~ng a reasonab!e atiomey's fee and cosrs of abs~~acts of title. ~~wrred or paid at any time by sa~d MORTGAG:E, ~eca~se or in the evem of the fa!lure on the part of ~he said MORTGAGOR to duly, pra~~pdy and futly pe~form, d~stharge. e=ecute, ef(ect, comple~e, comply w~th and ab:de by each and every ~he st~pu~a~~ons, agreertifnts, cond~rions, and covena~rs of sa~d prom;ssory note and ~h~• rnortgage any or e;rhea, and sa~d costs, cbargea and expenses, each and eve~y, shall be immrd~ately due and payable; vrhether w not there be nor;~e d~ mand, attemp~ to coli~ct or suit pend~ng; and the full amount of each and e~ery such paymem shatl bear interest irom ttx date thereof until paid af rhe r.~r~~ of nine per cantu~n yer ann,,:~~; onc: oU sa7d cosrs, ci~~rges and ex~er~ses incurred w pa~d, Iogethe~ w~~h wch interes~, shalt be secured by the I~en ot th~f mo+tgage. 6. That (a) in the event of any breach of ~his Mortgage or default on th~ part of the AIIORTGAGOR, o~ (b) in the event any of sa+d aums oi money , herein refe~red to be no? prompiiy and fully paid w~rh~n thuty (30) daya nexe atie~ the san~e se.ero:iy beco~ne due and payeble, without demand or notice, cr ~c) in the event each a~d every the stipuianons, agreemeros, cond~t~ons and covenams of Sa d p~omiisory nore and th.s mo~rgage a~y w e~~her are om iuly, promptly and (ully perfo:+ned, dscharged, exec~~cd, elfec~ed, compieted, compi~ed with and abfded Sy, then in e~~her or any such event the sa,d ag gregatp sum mentioned in sa~d promissory note then rema~ning v~pa~d, with interr;t atcrued, a~d atl moneys secured hereby, shall become due snd pay~ ab;e forthwith, o. thereaher, at ~he eption of sa~d h10RIGAGfE, as f~11y and comp:c~elv as il all of thr said sums of money were onginally snpu:ated to be paid cn such day, anyih~ng in sa:d pra~n,sswy noie or in this Morrgage to the contrary no~rv~thsiand~~~g; and tfiereupon or thereafte~ at ~he opt~on of sa~d MORTGAGEE, without not~ce or demand, suit at lew or in equ~ty, therefore w thereat~er begun, may be prosewted as if ell moneys secured hereby nad matur~d pr~or to ns instnut~on. 7. That in the event that at ~he beginn~ng of or at any tirne pending any sv+t ~pon this Mortgage, w to forec(ose it, or 1o reform if, or to enforce payment of any daims hereunder, sa~d MORiGAG:E sfiail apply to the Cou~t having ~u~~sd.tt~on thercof !w the appo~ntment of a Receiver, such Court shall (orthwith appoint a receiver of said morrgaqed p:operty all and singular, intfud~ng a0 and s~ng~iar the income, pro6ts, issues and revenves irom whatever seurce derived, each and every of whkh, it be~ng ezp~ess!y underssood, is hereby mortgaged as if specifical:y set forth and described in the g~anting a~d habendum clauses hrreof, and svch Receiver shall have all ~he 6.oad and effective funct.ons and powers ~n anyw~se emrusted by a Court to a Receiver, and s_ch appointmero ahatl be made by such Gourt as en admirred equit~ and a matrer of ebsotute rlght ro sa~d MOQTGAGEE, and w~tFwvt re{erence to the adequacy or inadequacy of the val~e of the prope~ty rttprtgaged or ta the so:vency or ~n:plve~ty of sa~d MORiGAGOR or the defendanss, and that such ra~,~s, profits, income, issues and revenues shail be appiied by such Recr~ver accord:ng to the tier, or equ~ty of said MORTGAGEE and Hee prachce of such Court. 8. To duty, prompt?y and fuf~y perferm, d~scharge, execute, effecr, comp(ete, comply w~~h and abide by each and every the st~pulations, agreements, condit~ons and covenams m sa~d promissory nota and th~s mortgage set fo~th. 9. ihat i~ the event the ownersh~p o( the morrgaged prem~ses, or any part thereof, 6ecomes vested i~ a pe~son other than the MORTGAGOR, the 't'ORTGAGEF, i?s successors ar.d asvgns, may, without no~~ce to the MORTG~OR, deai with such successor or succes:w in ~nterest with re(erence to this ~~~o:fgage and the deot hereby sewred in the same ma~ncr as w~~h lAor!~agor wnhout in any way vitiating or d~scharging the fLlortgagors' tiab~tity F~err under w upon the debt hereby zecured. No sa:e of ~he prem~ses hereby mor~gaged and no forbearance on Ihe part of the MORTGAGEE or its s~ccessors or assigns and no earensien of the time fo~ the payment of the debt h~reby secured given by the MORiGAGEE or its s~ccessors w assigrs, s~iall o~erate ro release, d~acharge, mod~fy ~hange or aHect the orig~naf Iiab,Gry of the M.ORTGAGOR_ herein, eithcr in whole or in pa~f. 10. It is specifrcally agreed that time is of the essence of ehis conuacr and that no waiver of any obGgaeon hereunder w of the obligation sr cv:ed hereby shatl at any time thereafter bo he:d to be a waiver oF the terms hereol w of the instr~mem secured herby. I l. In add~t;o~ to ~he ferego ng n,o~thty pay~nants of princ pal ano inreres~ requ~red by the prom;sscry nore secvred hereby, mortgagor eovenams :r:d agr~es to pay to n:o-~gagee vti*h each monriiiy r,~~,,.ent an add.uonai wm esr~:..ared b~r nzo:tgagee to be equai to 1. !2 of the ann~al cost of the follow- A-Ail real property taaes lev~e~ or asseszcci aga~•:st ~hc a~.ave describ•_d rea~ estate. B-Prem:ums on fi.e and wir.dstorm fnsu.ar,ce as here~n req~:red to be carned on the imp.ovemeais s;tuate o~ the above described prem~ses. C-Premiums on svch mortg;ge guara~ty inwra~~ce as mo•tgagee shafl from rme to tirne deem fit to ta~ry on the loan secwed hereby. Mortgagee sha'rl from t;r:,e to t;m~ nct.fy :no*tyagcr ~n wr~t~ng of the arcount due and payable hereunder and such sum shail thereupon be due and , ,.~yabte on the due date o4 th~ next n:onth:y pay~n~nt and each successive mo~~h thereafter urnii morigagee sha!! not:fy mortgagor of a change in such ~ ount. Such sums sha:i t;e a~~F.~~~d by mortgary?e to+.a:d the ~ayrnent of rea1 property taxes, insurance prem:ums, a~~d mortgage guaramy insurance i :rEmiUTi. 1`~ Y~ITNE55 'NNER~Of, fhe sa~d MORTGAGOR has hereunto set his ha,:d and seal the day and year fint aforesaid. ~igned, Seated and delivered ' he presence of: . _~LiiC~r~? ~ _(Seaq ~ - Walter S. Miller ~~ai~ ~ - 7 ~ ~ ~i1~ T~ ~~~b~~ (Seal) E r ~ , !Y S. Miller (Seaq ~ Si.,1E OF f[ORIDA St . Lucie u~ s COUNTY OF _ ~ ~ Before me personaliy appeared Walter S. M111QY and ~ry Miller his wife, to me well known and krtown to me to be ~ rh~ individuals described in and who executed the joregoing instrument, and acknowledged before me that fhey executed the same for ihe purposes ° Mar S. Millez rhe~ein expressed. Md the said_ ~ _ y ; - . - = r:~ie of the said _ Wa'1tQt Ml11Qr upon a tepe~ite~~~,peivi~~ . v s eram]nat~on by me taken separate and apart from F~er sa~d husband, acEnowtedged to and before me that she executed said ins~vment,f~e~Y`'a7+d "v~fyn- 5 rn-~ly and w~thout any computson, constra~nt, appreh ns;on • or fear of or from her said husband. . ~ , i WITNESS my hand and officiai seal this_ . _ day ~ Jul A p~ ~y''73 a ~ / - ~ •i• ~ ~i % ~ - ' tary Poblic in and or the 5 tr f:F da t LaFQe t . • ~ y Comm~ssion expires: ~ ; -J : . Return io: ~ . . First Federal Savir.gs ~ Loan Associat,on ~I~TARY PUBJC,~SY~~•~(,j~,~jRr~ a(AI~GE Of Fort ? erce. ti~Y CO`.!~tISS!:i~y Flw~~('QT' .~--r C~ ~ 2~. 2475 ~ 5 fort Pw, rce. fl'v~~da ~~0~d Ihru (,..r.o:a:-~.~.. ,,,~.r Ur.dtrwrilafy , F ~ ~ ; ti ~ F~~ED ak ~ F~ cCaDEO 1 y ' This tnstrument Prepared By J. Hal Robert s, Jz. S7. WClE ~~C~tTY FU. ~ First Federal Savings & Loan Association ROC~ i RAS ~ of Fort Pierce , Florida CLE~K C"';~~~ C~URT a RfCPR': 'rt• 1!~[~ Checked By ~ i~ ~ 30 p! IN 73 ~ 3~~~! ~~ti ;r~i ~OZ r 258'75~ ~ _ . ~ : _ - _ _ ~ _ _ ~ ~ ~s.~.M~'~` `~_.,;:u ~.r ;~t_~ _ ; Y` ~~T~r-s ~