HomeMy WebLinkAbout0290 3. To place and co~~~nuously kcep u~ the bui'd~ng~ now on c~reafier ~~tuste on sa~d land and o~ sit equ~pnenr ar:d peraor:ally tovered by ~hl~ mong-
sgs, with •(I premiums ~hercon pa~d in fuft, f~re inwrance ~n ehe usual s~a,.dard polity form, ie+ a tum appwved by tne MORiGAGEE, ard w~~+dstam
insursnce in the u~ual ~iendard pol.cy fam, i~ a sum approvcd by ~M MORTGAGEE, in tuch compa~y or ca•.+pan+e~ as th~ MQRTGAGEE may
direcr, a~d all (ire and winJ~~orm insurance poGues a+ any o( sa~d bu~id~ngs, any intereit the~e~n a pan thereof, in the ~gg~eg~~e wm ato~esaid w
i~ excess ~Fur~o/, shal~ co~tain the usual ~tando~d mortgagee tiauss a such other claut~ ~s the Mptpage~ may requ.re, m~YinQ ths Icss ur+dr sa~d poli~
c;es, e~ch and every, payab~e to said MORTGAGfE as itf interest may appes~, and each and eve~y such Poi~cy shait be promptly assg.~ed ~nd dr~~vmed ~o
eny hetd by said MORiGAGfE ~s furrher secu~iry to said mor~ga4e debt, and, not iest ~han ten (101 dsys in ad~~a~ce of ~he eapiralan of e~ch polKy, to d~-
live~ to ta~d MORTGAGEE a ranswal thereof, to9e~hsr wi~h ~ rece~pt fw the prem~wn oi tuch rcnewal; and ~here slatl !,r no f:rs a wands~o~m insv~ance
placed pn ~ny of said buildings, any interest Iht~ein or pa~t the~eof, unlesa in tM form and wiih 1he loas pay+bte as afaesaid; and :n the event any wm
of money becomes payabte under such pol~cy w pol~ues ssid MORTGAGFE ahall have the opt~o~ to rece~~e and apply ~he same on xcovnt of the i~drbied-
ncss aecured hereby w ro perm~t sa~d MORTGAGORS to rece~ve and usc it a any pa~l the~eof fw o~i,cr purF~oses, w:i~c~~ rh-~. or wa~.~ a~ ~~„~,~r-
ing any equ7ty, lie~ or right unde~ u by virtue of ~h~s mo:egage; and in ~he evenf ~a:d MORiGAGORS shall fa any reason fail fo keep ~he w~d pem~srs so
insu~ed, w fail to deliver promptly any of aaid pol~cies of i~surance to said MORTGAGEE> a(ai! promptly ta pay fuily any p.em~~m ~herefw or in anr
reipect fail to perform, dncharge, execute, efiect, complere, compty wirh and abide by th;s rnve~wn~, w any part hs~eoi, sa~d MGRTGAGEE may p~ace a+.d
pey (a such insurance or ~ny part fhereo( w~thout waiviny a effecting any option, lien, equ;ty, or r~yh! unde~ or by vi~tue of this Mwtgage, and the
full amoun~ of each and eve~y such payment shall be ~mmediately due and payable and shail bear interesr from ~he da~e thereof until pa.d a~ ~he ~a~e o1
nine pe~ ten?ym pe~ arvwm and tp~rther witn such interest shali !x sc'cu~ed by 1Ffe lis~ oi thit mOrtgage.
To permit, commit ot suffer no waste, impairment a deterioration of said property q any part thereof.
5. To pny all a~d singular the costs, charges and expenses, including a reasaiabie attorney's iee a~d costs oi abstracts of ti~te, incuned w pa~d at
any time by said MORTGAGfE, bccause w in ~he event of the failure on the part of the said MORiGAGOR w duly, promptly ar+d fu~ly perfam, d.xhsrge.
execufe, el(ecf, complete, compty w~th and sb~de by each and every the stipvla~~ons, agreements, cond~~ions, •nd covenann of said p~omiiswy note +~d ~hu
mw~gage any or either, and u~d coats, charges and expenses, each and every, sM11 be immediatety dve ared payable; wherher a rat ehere be nor.ce d~
mand, auempt ro coltect or suit pend+ng; and the fuA amount of cach snd evmy auch payment shall bea. interest from ~he ds~e thereof uotil pa~d al ~he
rate of nine per centum per a~~nurn; and al! seid tosts, charges and eapenses incurred a~ pa~d, togethe~ wdh such intrrest, shall be setured by the lien of th:s
mortgsge. .
6. That (a) in the event of any breach o! this Mwtgage or default on fhe pa?t of ?he MORTGAGQR, a ib) i~ t!?~ event sny o1 sa7d swns of mp~ey
hercin referred to be not promplly and fully paid within th~rty (30! dayi ~eat afte? Ihe same severally become due and payable, withou~ demand a notice,
or (c) in the event each and every the st~pu~ations, agreements, co~d~tro~s a~d covenanrs of sa:d prom+ssory nofe and ~h,s matyage any o~ e~~he~ are not
~uly, prompNy ~nd f~lly performed, d~scharged. executed. elfected. completed, compfed with and ab~ded ~y, ~hen in e:ther w any such evem the sa~d sQ
gregate sum mentioned in said promissory note then remaining unpaid, with iMereit accrutd, snd all moneys setured hereby, shall become dw and pay-
abte (orthwith, o. rhereafter, at the optfon of sa;d MflRiGAGEE, aa futly and completely as ii all of the sa~d svms oi money were wg~na:ly s~~pu:ated
ro be paid on sucA day, anything in sa:d prom~ssary note a in this Mortgage to the cororary notwnhstanding; and thereupon or ~hereafter a~ the opt:on of
said MORTGAGEE, without oof~ce or demand, suit a1 law or in eqwty, therefwe or thereafrer begun, may bc proxcuted u if all mw?eys secu~ed hereby
had matured pnor to ~ts inst~tvtion.
7. That in the evem that at the begin~ing of or at any t~me pending any su~t upon th~s Mortgage, or to iweclose if, w to reform i~, or to enforce
payment of any claims he~eunder, said MORTGAGEE shaSi apply to the Cour~ having ~~risd~crion ehereaf for the appo~mment of ! RKlivH, such Cou~t shall
foxthw;th appoint a receiver of saiti mortgaged property ail and singular, includ~ng ali and s~ngutar tAe income, prot~ts, issues and reven~es irom whatever
sourte derived, eath and every of wh:ch, it beirx,~•expressly understood, is Fereby mortgaged as ~f spec:ficaity set fath and desu:bed in the yr~~ring a~d
habendum clauses hereof, and such Receiver sha!! have all the b+aad and effettive funct~ons and powers in anyw~se entruated by a Court to a Receiver, and
s~ch appointmeN shall be made by such Court as an admitted equ~ty and a ma~ter of absolute nght to said N1p2TGAGEE, u+d wiehoul reference to the
adequacy or inadequacy of the val~~e of the p~operty mwtgaged w to the so:venty or inso+vency oI sa+d MORiGAGOR ar tAe defendants, ar+d that such
re~rs, profin, income, issurs a~d revenues ~hall be appi~ed by such Receiver eccord~ng to the iien a equity ot sa~d MOitiGAGEE and the paactice of such
Court.
S. To duty, promptty and fuily perfwm, discharge, execute, effect, compiete, canply wirh snd ebide by each and every ihe stipulations, agrecments,
condifioru and covenants in sa~d promissory note and this mwtgage set fwth.
9. That in the eveM the ownership of the mortgaged premises, or any part thereof, becomes vested in a person ptht,y fhan the {y1pRTGAGOR, the
~.;ORTGAGEE, its successws and ass~gns, may, without no~ice to the MORTGAOR, deal w~th such successw or successor in interest w:tA reference to thia
mor+gaga and rhe d~bt he~eby secu~ed in the same manner as w+th Rartgagor w~thaut in any way vit:atirg or d~schargirg the Mon9agors' liabitity herr
~nder or upon the debt he~eby secvred. No saie of the premixs hereby mwtgaged and no iwbearance on the part of the MORiGAGEE p ih svccesaors
or assigns and no eatersion of the t~me fw rhe payment of rhe debt hereby secvred g~ven by ~he MORTGAGEE or its succesaors w sssgns, ahall operate
to rNeex, dbcharge, mod~fy change o+ afiect the o.iginat tiab~iity of the AM1QRiGAGOR herein, either in whole or ir put. -
10. It is spec~iicalty ag:eed that time is of the essence of th;s contract and that no waivn of any obltganoo hereunder or of the obligaf'an se-
cured hereby shall at any time thereafter be he:d to be a waive~ of the terma hereof or of the instrument secured }~erby_
I 1. fn add~t~o~ fo the forege ng mor~thly paymenh ot princ pal and inte~es? requ~red by tbe promssory rte!e secured hereb~, mo:tgagor covenants
and agrees to pay to mo-tgagee v.~:h each mo~~hly pairnem an add~rional sum est~n,ared by mortg~ee to be equai to 1, 12 of the annual cost of the fotiow-
in~:
A-Alt reai prope~ty taxez tev~~d or aisesied agai~st the above descr;y~d reat estare.
B-Arem?ums on fire and w;nds~orm ;nsu~acce as herein requ~red ro be carried on the ~mprovemeats s~tuate on the above desv~b~d premises.
C-Premiums on such mortg;ge guaranty insu~ar,ce as mortgagee shail from ~;me to time deem fit to carry on the ban secured hereby.
Mortgagee sha!! from tirne to t~me no~~fy mor~gagor in writ~ng of the am.oum due and payable herevnd..+r and s~ch w:n shait t4~ereupon be due a~d
Fayabte on the due date of tha neat month:y payment and each success+ve month thereafter ur.ti. mortgagee shall not~fy mortgagp of a change in such
~•~;ovnt_ 5uch sums shail be app!ied by mongagee toward the payment of real prope~ty taaes, insurance prcm:ums, a~id mwtgage guaranty inwrance
p~emi~ms-
IN LVITNESS WHEREOf, the id MORIGAGOR has hereunto set his har.d and seal the day and year first aforesaid_
ig '~d d de ered i the presence of:
_ (Seaq
hn l?~oose Jr.. sfnyl~~ult
- r~J~
SiATE OF FLORIDA 1 -
St. Lucie u"
couNrr of i
~
` Betore me pe~sonally appeared John T~ MQOSe~ e s pl~ ~it
I
' 111l1JMl! t me well known snd known to me to be
C ;he indrvidual described in and who executed the foregoing instru:nem, and ac4nowlcdged befwe me that ~ executed the same for tF+e purpose~
` rhe~ein exp~essed. Ae~11~~d
~
jvTe dt~R!'s3ia ys~w•
«a~wiwd:rr~b~+we~iww.~+~s~r~ni~'e+~.iw.w~Fwrs~ir~waiwni,~e~ls~~ied~ed~ wd~w~w~l~r~~~~ew~+sii.ww~siwrwl•~
~ fMi1~-~~ilr ' -
! 1e~lni~wi/11eV?~wrLw~wpliwer~fle~nlni~ll~!~~fws~f.e~+(wn1~+w¦wi~bwllow[i~ . ~r'_ : 1 . -
f WITNESS my hand and offic~al seal this da ~ t
Il' ' 19
7~ ~ '
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` Notary Public ' and for Stale ~!s Qt :
; / My Commiu'ae~ eapir l = : . v _
e Return To: NO?ARIf'PUS:IC. Si of RORIDA ~1RGe ?
First Federat Savings 6 loan Association ~ ~
O! Fort P~erce. II.Y C0.':1S1S$i~PV fj .~G$•j)ECQ24 L9~:
Fort Pierce. Florida 2~p4~r~ 6onde0 inru Gen ra~s,,r~~ ~op,~rt~~ ~
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Ft~ED Ah^,RECC~DEO
t St.lUC1E_~DUHTY FLA. ,r
This Instrument Prepared By J• H. Roberta, Jr. ROC£:'• P4f':~AS
First Federal Savings & loan Association ~~Ep~ ~~;~CU1T C~uRT
F , of Fort Pierce~ Florida aFC~.:f ~~~f ~
' Checked By,~- ~ 2 3 Sg ~H Qu
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