HomeMy WebLinkAbout0904 3. To ptace and continuo~siy keep on ri~e k~u+'J~:.~s now o~ here~lle? ~~~uate on ia~d lend and on a!1 eq,~p~•~ent and personally cover~d by ~his mortg-
age, w~th all prem~~ms ~heieon p~d in IuVI, t~ro iniv~enct in Ihe uwal standaid po~icy form, in a Sum aVproved b~ the h10R~GAGEE. a~~d winJstonn
Inwrante in the ui~a1 uando~d po,.cy to~m, in e~um ayprovrd 6y the MORiGAGfE, in such <o+~}pany or cwnpan~es at the MORiGAGEE may
d~~ect; snd all lire and wmdsrorm iniuronce poGc~es on any of sa~d bu~Id~nys, sny intere~~ ~here~n or part thereoi, in ~he aggr~•ga~e sum ~}oresa~d or
in excess thereo(, sheU cont;in ~he usual sra~~J.~~d morig~gee cla~ae o~ auch o~her clause as the Mortyagee may rey~•re, meAing rhe ios~ undr~ sa~d po~i-
c~es, each and eve~y, payab'e to sa~d titpRTGAGEE as ~rs ~n~e~.sr may apprar, and each and eve~y auch poi~r/ shait t~e p~omp~ly assg~~rd e~~d dei~v~rrd ~o
eny held by sa~d MORfGAGEE as (urther secu~ity to said mortgage dent, and, no1 les~ than len (10) days in advance of ~he expus~~on o~ each pol~cy, to de-
Irver to said MORiGAGEE a renrwal thr~eof, toge~hcr wuh a rece~pt For th~ pre~nium of such ~enewal; and thrre sl~all be no f;re or w~ndsro~m insurance
ptated on any of said build~rgs, any interes~ therem or part thr~eol, unless in the form and with the Ioss payable a• aforesaid; and in the event any sum
of mo~ey becomes pa~able ~nJer sucn poGcy or po!.c~es sa~d MORfGAGEE sh~Il have ~he opt~on to rrce~ve .,nd apNiy the sarne on accounr oF the i~xl~btrd-
ness secu~ed he~eby or ?o peimf~ seid ~AORTGAGORS to reccive and use it or any pa~t rt~.r~~~of 1r.r o:n~ r Hw~ osrs. :.nl,o~t ~h-~.u~ ,~r.~~.~~~7 ~~nN,.~r-
ing eny ~quity, I:en w ~ight under or by v~rtve of ~h~s mo~tgage; and in the evenl sa:d MORTGAGORS fhall for aliy reason fail to krep the said prem~szs so
~nsured, w fail 1o dttiver promptly a~y o( s~~d pol~cirs of i~suronce to sa~d MORiGAGEE, or fa+l promptiy to pay fulty any pre~n~~rn thcretor or in a~y
resped fail to perForm, d~acharga, e~ecute, effect, canpte~e, con,ply with and ab~de by thls cove~am, or any pait ha~eof, sa~d MGRTGAGEE may p~ace a~~d
pay for such insurance or any part lhereof w~~hout waiving w affecting any op~~on, lien, equ~ry, ar ~ighr undrr or by v;rlue of ~h~s Ma~~gage, and thc
ivl! anwvnt of each and every such payment sha11 be ~mmedietely due and payable and shall brar imerrst trom ~h~ date thrreof until pa~d at the rare ol
n~ne pet centum per annum aiid to~rthar wdh such mterest shail ~~~cured by the lie~ of this mottgage.
To permit, tommit or sui(er no waste, impairmenf o~ detnrioration of said property w any pa~t thereof.
5. To pay aIl and singula~ the costs, charges and eapenses, ~ncluding a reaso~able attorney i fee and costs of abst~acls of title, incur~ed or paid at
any time by said MORTGAG`.E, because o~ in the evem of 1he (adure on the parl of the said MORTGAGOR to dvly, p~on~ptly and fully pe•fprm, d~scharge.
>xecu!e, efied, complete, co~npfy w~th and ab:dr by each artd every the stipu~at~ons, agreen,enes, conditioni, and covenants of said pro~nissory ~ote and ehis
morrgage any or e~rher, and sa.d costs, cna~ges and eapenses, each and every, ahall be immediately due and payable; wheiher w not fhere be not~ce d~
n,and, attempt to co!fect or suit pend~ng; and the fvll amount of each and every such payment sholt bea. interes~ from the date thereof until paid a~ ~he
~~re oi nine oer crntum per dn,~u.n; ~nd all ia~d cosrs, charges and expenses incurred o~ pa~d, together w.~h such interest, ihall be :ecured by the 6en of thi~
mottgage.
6. That (a) in the event of any breach of this Vlortgage or default on the parl of fhe MORTGAGOR, or (b) in the event any oi sa;d svms of money
herein rcferred to be not pro,nptly and lullv pa~d wi~hin thuty (30y days next aircr the same se+eraity trecome due and payaWe, without demand o~ nohce.
or (c) in tha eve~t each and rvery the stipuiations, a~~eements, tonditions and cove~ants of sa.d pror.:;ssory note and th~s mortgage any or either are not
iuty, promptiy and fui!y pe~formed, d:s:harged, executed, effected, tompteted, comp{ied with and a6~ded Sy, then in e;the~ or any such event the sa~d ag
g,~yate sum menr;oned in sa~d p.ornissory ncre then rema;ning unpa;d, w~th interest accr~ed, and ait moneys secured hereby, shall become due and pay
ab!e forthwith, or therzaftrr, at the opnort ot so~d htORTGAGEE, as fully and comptetely as ii aH of the said sums of money were ongina:iy st~pu:a~ed
to be pa~d on such day, artything in sa.d prom~ssory nofe or in this Mortgage to the tontrary not.vithstar.di:~g; and therevpon or thereafter at the opt~on of
se.d MORTGAGEE, without r.o!~ce or clemand, suit at !aw or in eq~ity, therefore or thereaiter bryu~, may be p?osecuted as if all moneys secured hereby
r,:,d mat~red pnot to ns ~nstltut~on.
7. That in 1he event th,~t at the beginning of or at any teme pend~ng any su~t upon this Mo~fgage, or to ~oretlose it, or fo reform it, or to enforce
F~ayment of any cleims he•eu~eder, sa~d MORTG~+GEE sha11 apply to the Court hav~ng iursd:cT~on thereof ~or the appo~ntment of a Receiver. such Court shall
icrthwith appoiM a rece~+er of said mortgaged proprrty all and sing~lar, inclucl:ng all and s~ng~lar the irtcome, prof~ts, issues and revenues from wha+ever
sc~•ce de~ived, each and every of wh~ch, it be~n~ express!y Lndersruad, is herrby mortgaged as if spec~ficaNy set forth and desuibed in the granring a~d
ha;,endum ciauses hereof, and s~ch Receiver shail have alt the broad and eifecrrve funct.ons and powers in anyw~se entruated by a Court ro a Receiver, and
:_;h appoiniment shali be ~nade by such Cou~t as an ad~ninrd equity and a matter of absolute r~ght to said MORTGAGEE, and w~fho~t reference to the
edequacy a inadaq~acy of th.e val~e of the properry mortgaged or to the so~vency or ~nsctvency of sa~d MORIGAGOR w the defendants, a~d that s;.ch
~e~n, protits, inca~ne, issues and reven~es shaN be appiied by such Receiver accord~ng to the lien or equity o( said MORTGAGEE and the prectice of such
Court. ~
8. To duty, promptJy and f~lly perform, d]scharge, execute, effect, cor+pfete, comply w;th and abide by each and every the stipuiatioos, agreements,
:ond~tions and covenants m sa~d prom~ssory note and th~s mortgage srt forth.
9. That in the event the ownersnip of the mortgaged premises, or any part thereof, becomes vested in a perso~ other than the MORTGAGOR, the
:•.ORT~',AGEE, its successo~s and ass+gns, rnay, wilhout no~ice to rhe MORTGAOR, deat wnh s~ch successor or successor in interest with reference to this
n-o•igage and rhe debt hereby secured in the same manr,~r as w~ih hlortgagor without in any way vit~ating or d~scharg~ng the /dortgagors' liability here-
vnder or upon the debt hereb~ secured. No sa?e o~ ti~e Frem;ses herehy mortgaged and no forbeaiante on the pan oi the MOR7GAGEE or its s~ccessors
or assigns and no eafe~s~on of the ~ime fw the paymen~ of the drb~ hereby sec~red give~ by the 14M1ORTGAGEE or its successo~s er ass gns, al~all operate
io release, d~scharge, modify change or aifect the orig~nal liab;i~ry of the MORiGAGOR herein, either in whole or in part_ -
10. It is spec~fically ag~eed tl~at t~me is of the essence of this contract artd that no waiver of any obl;ganon hereunder or of the obligation sr
curzd hereby shali at an~ time thareatter be he:d to be a waiver of the ferms hereof or of ihe instrumeM secured he+by.
11. In ad~n:o~ !o the forege nrJ r>,onth'y payn,c•nts of prioc pal and inre•esr requ~red by Ihe prom;ssory no~e secu~ed hereb~, mortgagar eovenan?s
e~~a agrees to pey ro m.o-tgagee x~th cach ~ro:irhiy payr.,en~ an add,~fonal svm rst:~:e~ed b/ mortaagee fo be eq~ai to 1;' 12 of the annual cost of the !oliow-
:q:
A-All real p+operty tax:s levi_d o* ~sscss_d ag~~^~st tn~ a6ave desaihcd tcal estate.
B Prem~ums on i~re aad windsto•m insu~ance as here~n requ:red to be carried en the improvemenrs situate on the above d:scribed premises.
C-Premiums on such mortg;ge gu+ranty ir.surar.ce as mo•rgagee shaU from : me to time deem fit to carry on the loan secvred hereby.
61o~tgagee stieii irom nme ro Nme nor~fy mo+tgager ~n w~~t,ng of the amount d~e and payable hereundrr and such sum shafl thereupon be due and
:~yable on the d~e care of the next ~nonth:y paymem and each successiae month thereaft~r until mcrtgagee sha1; notify mortgagor of a change in wch
~^ount. Such su~ns sF-a.i be ap~~t~ed by mortgog~.e toward the payment of reai property taxes, insurance prem,ums, a~:d mo~tgage guaranty inswance
~~e.miums.
IN \JITNE55 :+N.REOF, the sa~d RtiORTGAGOR fias hereunto set his har.~ and seal fhe day and arear firs~ afor id.
Signed, $eated and de!iver¢d in the presente of: • w Je~
L ~
(Seaq
- (Seal)
al)
- - (Seap
S~ATE OFfIORIDA ~
SS.
COUNTY OF _ St . Lucie ~
' Wilson J. Walker - a~
Be~ore me personaliy appeared
; Dorothy P, eY h~s wife, to me welf 4ncwn and known to me to bc
rhe individuals desc+Fbed in and wno e~ecuted the for ~o,ing instrument, and acknowtedged before me that they executed the same fw the purposes
rh~~ein expressed. And the said._ ~Y~"~y P. Walker
N~fe of the said W1150A .J. Walker ~ ~ p~~. "
u a s nd rv
e.am~nat~on by me taken separate and apart from her said husband, atkrawledged to and before me that she execused said instrur~lis reet~'{ril~rotu~• -
ra~;iy and w~thout any compufsion, constraint, a rehens: ~ ~ '
pp ~or fear of uid husband. ~L .
; WITNESS my hand and offiual seal tAis_. day of 1 ~ •''•p ~ jj: •t !f~
E ~ + Z -
/ ~ % .
Notary P~blic in an for the Stata o~ f~ori~i.sf ~rge
! My Commission expires: J Q ~ ~ -
~ Return Toc ~ : ~ ~
' First Federal Savings 3 Loan Associat.on ~ ~ ~ _
f . ~1 Q • ~ C~
Of Fo.t P e-ce ~ < ~
.
, Fort F~erte. F'.o~~Ja ~~A~ . ~CT,'..+
v~
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f ~ _ 7 ` ~7
This Instrument Prepared By Gary F. E11M?ood
First Federal Savings & loan Association FILEO REC~RDED
~ of Fort Pier~e ~ Florida ST.LUC~E ti4LVtY FIA. "
; fiGv"E~. ?C}!1RAS L~,
Checked By ~ ClEar, ;;~5 CvURT +
aECeF:~~ . ~Ea
' 3 ~R~ Z~~ ;;r ~ c~Q4 ~u~ 11 3 3o PH '13
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