HomeMy WebLinkAbout2188 3. To place and co~tinuously keep on ~he bul'd~ngs now or hereefter •ituete on ss~d land •nd o~ al( equipment and personally covered by this ma~g
ege, wi~h ~II premiums ~hereon pa~d in fuN, fire insu~ance ~n Ihe usual s~andard polity form, in a sum approved by the MORTGAGEE. and windslorm
in~ura~ce in ~he usual s+andard pol~cy form, in s sum approved by the MORTGAGEE, in such company or companies as the MORTGAGEE may
di~ec~; and sll fire and w~ndiio~m insuronce pot~ues on any o( satd build~ngs, any interest tlurein or psrt therrof, in ~he agg.ega~e sum afaeisid a
In eacess Ihereoi, ihaU contain tfie usual ~tandard matgagee clau~e a such oiher clause as ~he Matgagee mey ~eq~ire, makin9 the Ioss under sa~d po1F
ue~, ea<h and eve~y, payab!a ~o sa~d MORTGAvEE as its imeres~ mny appear, and each and every such po~~cy shall be p.omptly ass gned and delivered 10
any held 6y said MORIGAGEf as fur~he~ tecu~ity lo aaid mortgage debt, and, ~ol less Ih~n ten (!0) days in advance of the expirafio~ of each polity, to da
liver to said MORTGAGEE a renewal the~eof, tofle~her with a receipl (or the premium of svch ?enewal; and there shall be ~o fire or windato~m insurance
placed on ~ny of said bvildings, any in~erest there~n w parr thereof, unless in the form and with tM loss payable as aforesaid; e~d in Ihe event any sum
of mo~ey becomes payable under such policy w pol~cies said MORiGAGEE shall have the opt~on to receive and appiy the same on account of the indebteci~
ness secur~d hereby o~ ro permit said MORTGAGORS io reeeive and uu it p any parf thereof fo~ orner pu~poses. ~~~~hout th~.~b~ wsiwuig o~ ~~e~pair-
ing any equ~ty, lie~ or ~iqh1 unde~ or by virtue of thii mor!gage; and in the event ta~d MORTGAGORS shall fa any reason fail to keep the ~aid premises w
~nsured, w fail to deliver promptly any of said pol~ues oi insurance lo sa~d MORTC,AGEE, a(ail promptty to pay fully any p~emium the~efo~ or in a~y
respect fail lo perform, discharge, execute, effecf, comptete, tomply wi~h and abids by this coveoanl, a any part he~eof, said MORiGAGEE may piace and .
pay fa auch insurarxe or any parl thereof w~thout waivi~g or ~ffecting a~y optioo, lien, equ~ty, or right unde~ w by virtue of this Mwtgsfle, and the
fu11 ~mount of each and eve~y such payment shatl be immcdiately due and payable and shatl bear interest from ths dare ?hereoi ~ntil paid at the rate o!
n~~e per centum per ennum and to~ether with such inrerest shali be secured by the lien of this mortgage. ~
1. To permit, commit w suffer no wa~te, impairment o~ deteriorstion of said property w any part tF?ereof. _
5. To pay all a~d singulu the costs, charges and expenses, ~ncluding a reasonable attorney's fee and cosrs of abstracts of title, inc~ned or paid at
any time by uid /~AQRTGAGEE, because or in the event of the faiture on the part of fhe :aid MORiGAGOR to duly, promptly and fu!ly. perform, discharge,
exxute, elfect, tomplete, tomply w~th and ab~de by each and every the stipula~~ons, agreements, conditions, and cove~anta of ssid p~omissory note and this
mortgage ~ny or ei~her, a~d sa+d costs, chargea and expenue, each and every, shalt be immrdia:efy dve and payabte; wherher or not there Se rwtice dr
mand, attempt to collect or suit perrJing; and the full amount of each and every such paymenl shall bear interest from 1he date thereof until paid at Ihe
r~re o! nine per ceirum per annu:n; arw all said costs, charges and expenses incurred oi paid, together w~th such imerest, shell be secured by the lien of th~t
mortgagl.
6. That (s) in the even? of any breach of this Mortgage a defaul~ on the part of the MORiGAGOR, or !b) in the event any of saFd sums of money
herein referred to be ~o? p.omptly and 1ul~y paid wi~hin th~rty (30) days next af~er the same severally become due and payabte, without demand or no~ice,
or ic) in the event each and every tFx stiputations, agreements, condi~ions and covenants of sa~d promisso~y note and th~s mortgage any o~ either are not
i~Iy, promptly and fully performed, d scharged, eaecuted, effected, completed, compl~ed with and abided Sy, then in e~ther o~ any such event the sa~d ag~
~regate sum mentioned in said pron,issory note then remaining unpaid, with interezt accrved, and atl mo~eys setured hereby, shatt become due and pay-
aDle forthwith, w thereafter, at tho oprion of sa;d MORTGAGEE, as tvlly and comptetely as if all of the said sums oF rtwney were or~ginally st~pulated
ro be pafd on such day, anything in said prom~ssery note or in this 1Nortgage to the contrary notwithsianding; and thereupon w thereahe~ a1 the opi~on of
sa;d MORTCaAGEl, withoul notice ot demand, suit at taw o? in equily, thlrefore or •herealter begun, may be prosecuted as if all moneys ~etured hereby
rad matured pnor to ~ts in3titution. ,
7, That in the eve~t that at the beginn~ng of or at any time pendirg any suit upon this Mortgage, w to foreclose it, or to refam it, or to enfwce
payment of any claims hereunder, said MORTGAGEE shall appfy to the Coun hav~ng jurisd~ction thereof for the appo~ntment of a Reteiver, such Court shall
Forfhwith appoint a receiver of said mortgaged property all and singular, includ~ng all and su~gvlar the income, prof~ts, issues and revenues from whateve~
seurce derived. each a~d eve~y of which, it being expressly understood, is hereby mortgaged as if specifically xt forth and deuribed in tF?e granting and
habendum ctauses htreof, and such Receiver shall have all fhe broad and effective funct.ons and powers in anywise entrusted by a Court to a Receiver, and ~
s~ch appoi~lme~t shall be mack by such Court as an admitted equity and a matter of absotute right to said MORTGAGEE, and without ieterence to the
edequacy w inadrquaty of the value of the property mwtgaged or to the soivency or insoivency of sa~d MORiGAGOR or the defendants, and that such
renfs, pofits, i~come, issues and revenues shali be applied by such Receiver accord~ng to 1he tien or equity oi said MORTGAGEE and the prac~ice of such
Court.
8. To dufy, promptly and fully perform, discharge, execute, effect, comptete, comply with and abide by each and every the stipulations, sgreemenls,
conditans and corenann in sa~d promissory~ note and this mortgage set forth.
9. That in the event fhe ownership of the mortgaged pre~,ises, w any part thereof, becomes vested in a person other fhan the MORTGAGOR, the
4'.ORTGA6EE,- its successors and assigns, may, withoW notice to the MORTGAOR, deal with such successa or successor in interest with reterence to ihis
rnortgage artd rhe debt hereby sKUred in the same manner as with Mortgagor without in any way vitisting pr dixharging the Mortgagors' liability here-
under or upon the debt hereby setured. No u;e of the premises heieby mo~tgaged and no forbearance on the part of the MORiGAGEE w its sutcesiora
cr assigns and no extension of the time for ~he paymenr of the debt hereby secu+ed given by !he MORTGAGfE or its successors ot assigns, ahall operate
to release, d~scharge, modify change o~ affect the origioal ilability of the MORTGAGOR herein, either in whole or in part. ~
10_ tt is spe%~fica~ty ag.eed rha~ Nme is of the essence of this contract and that no waiver of any oblgarion hereunder or of the obligstion sr ~
c~red J?ereby shall at any time thercafter be hefd to be a waiver o( the terms hereof w of the instrumcat secured he~by.
I1. tn add~~~on to the torego:ng monrhly paymenrs of princ'pa! and inrerev sequired by fbe promissory nole secu?ed hereb~, mortgagor covena~ts ~
and agrees to poy to mortgagee with each momh!y payr,,ent an add~rionai sum est~mated by mortgagee to be equal to 1~` 12 of the an~ual cost of the follow-
ing:
A-A!1 real propeAy tares levied or assessed agai~st the above described real eztare.
B-P~err.iu•~r:s on fire and w~ndstorrn insurar,~e as herein requ~red to be carried on the improvements situate on the above described premises.
C-Premiums on such mortg3ge guaranty insuraoce as mo?tgagee shall from r~me to time deem fit to carry on the loan secured hereby.
Nbrtgagee shail from time to time nosify mortgagor in writing of ~he amo~nt due and payable hereunder and such sum shali thereupon be due and
~ ayable on the d~e date of the ne~ct month:y paymeM and each successive moNh !hereafier cotit mortgagee shall notify mottgagor of a change in such
a• oi:nt. Such sums sF.a{I oe applied by mwtgagee toward the payme~t of :eal property taxes, insurance prem:ums, and mortgage guaranty insurance
p•emiums.
tM WITNf55 WHERfOf, the sa~d MOR7GAGOR has hereunto set his hand and seal the day and ~rear first aforesaid.^
igned, Seal n deli red in tHE presence of: ~ ' J
- •l-:t' ah
c
' ~ , ~ (Sea4
! - f ~ ~
alj
~ (Seaq
~ STATE OF FLORIDA ' -
~ St L,ucie u-
~ cour~r~r aF • _ j
; Before me pe~sona~ly appeared Fia nce~ R. 3ost~ t~ widow and James A. Gaskill and Nancv M. ~
€ ~ S~C111 his wile, to me well known and know~ to me to be
~ the individuats described in and who executed the fwegoing instrument, and acknowledged before me that they executed the same for the purposes -
i rhe~ei~ expressed. And the said ~1'1CV M C,BSiClZZ
j rl~`e of the said -~dIDeS P. GaSklll upon a~pal}tE•end p~irats
f e,amination by me taken separate and apart from her said husband, ackrawledged to and before me that she executed said instrurt~A'f~rtely and vo1u~
rar~ly and w~thout any computsan, constraint, apprehens~on, or fear of w from her said husband.
f ~
WITNESS my hand and official seal this day of -Jul 1R, D. 19
2 " ~ t ~ ~
V l / Notary PubGc in e fo~ the ~fs of F i i a! Larpe ;
44 ? My Commiuion expires: ' .
~ Return To: ~
` First federat Savings a toan ns~c~ar~o~ ~ FlLEO A't~ ?ECORDEO NOTARY +.If~.1'il17E o`~flO~DA at IARGfr= ~ ~
i ST. LUCIE COUNTY FIA. NY CO~.s..fISSIC~J~:fxF1~.~ 1}EC. ?9, l9~' r
O1 Fo~t P~e:te. R~~~a p;,;iRAS eonaed Tnru Gspe dl ln~rranie upeerr~!(bei{ ~
Fort P~erce. Flor~da (`,LE~1S ~~a~vij COURt - . ~L a ~
' RECORO VfRiF1E0 ~ j~,. r;; -
~ - i
~ J 9 ~ ~ ~ a
+ ~4 AM'T3 ~
This Insfrument Prepared By John W. C~p11~Tis ~Ia,~t~~~
First Federal Savings & loan Association - ~
, of Fort Pierce~ Florida ~ ! IN PAYMENT OF TAXE~ 5
DIIE ON AASS'C H'CTAl161d1E PER90NAL PROPERiY, ~
Checked By ~ p!lRSWWT Yo p1AtTER 71•13t. 11Cis Of 1~71.
I~Gf~ tollRJlS
~ Eeo~216 N~c~2189 w~T ~~Rt, ~~E ~
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