HomeMy WebLinkAbout1253 3. To place and continuously keep on the build~ngs now or hereatter s~t~ate on sa~d land and on a~~ eqo~pment and personally tovered by lhis malg-
ege, with ell prem~ums thrrcoo pa~d in full, fire insurance ~n the usual itanderd policy iorm, in • sum approved by 1he MOR(GAGEE, and winds~wm
insurante in tM ususl standard po!~cy form, in a sum spproved by the MCRIGAGEE, in such company or compart~es as~tha MORTGAGEE may
d~rect; and all firs snd wi~ds~o~m insurancs po~~cies on +ny of said bui~d~ngi, any interes~ therein or par~ ~hereof, in tha agg~eqate ivm ~lwetaid o?
in extau lhereof. fhall contain Ihs usual atandard mortgagee dause or such othe~ clsuse ~s 1he Morlgagee maY ~equ~re, makinp Ihe lost unde~ sa~d poli~
cies, each and every, payabte to ssid A10RTGAGEE as i~s intr~esf may appear, and each and every svch po~~cy tha~l be promptly a?s.gned and delivered ~o
any held by ssid MORiGAGEE as iwrher security to said mortgage debt, and, no~ Ieu than te~ (10) days ln advance of the expi.ation ot each poGty, ~o dr
liver to ~aid MORTGAGEE a renewal ~he~eof, toge~het with a receipl for the premium of such renewal; and there shall be ~o f~re or windsto~m insurance
placed on •ny of said buildings, any interest therein or part the~cof, umess in 1he fam and wiih the lou p~yable as atoresaid; and in the eve~t ~ny sum
of money becanes payable under s~ch policy w poi~cies said MORTGAGEE ~hall have ths optlo~ ~o ~ece~ve and apply the same on account o( the indabfed-
ness flCUred hereby w to permit said MORTGAGORS to rtteive and use i1 a any patt thereo} ior othrr ~,urposes, vr~iho~t th_~ru/ war.~ng or unpau•
ing any eqv~ty, 1(en or righ~ u~der a by virtue of this moctgage; and in ths event utd MORTGAGORS shall fw any reason fail to keep Ihe said prem~sas so
~nsured, or fail to detive~ promptly ~~y of said polKies of insurance to sa~d MORiGAGEE, or tail promp~ly to pay (uiiy any prem~um therafor or in a~y
resped fail to periwm, discharge, execute, effect, complete, comply with and abide by this covenanl, w any par~ hereof, sald Mv~ZiGAGEE ~nay place and
pay fw such iruurance or •ny parl t~ereof without waivirg a afiecting any op~ion, lien, equ~ty, or rfgh~ under w by virtue of this Mortgage, and thc
f~ll amount of each and every such payment shall be ~mmeJiately dus and payable and shall bear intereat from the de~e thereof until pa~d at the rate of
n~ne per centum per annum and together with such interest shaN be s.~cured by the lien o( this matgage.
t. To pecmil, tommit or suffe~ no waste, impairment a dcterioration of said prope~ty w any part thereof.
5. To pay etl and singular the costs, charges and expenses, ~ncludirg a reasonable attwney'i fce and costs of abauacts of title, incurred or paid at
any time by ssid MORTGAGEE, bccause a in the event of the failure on the part of the said MORTGAGOR to duty, p~omptly and fully parfwm, d~stharge.
executs, effect, complcte, comp~Y w~1h and ab:de by each and every the stipulanons, agreeme~ts, cond~tia+s. ~nd covenanh of said promiswry note and th~~
mortgage any w e~ther, and ss~d costa, charges and expensos, esch a~d every, shall be immediafely due and payable; whether w not ~here be not~ce da
mand, attempt to colleci o~ tuit pend~ng; and the full amo~rnt of each and every such payment ~hall bea. interes~ from ~he date thereof until paid a1 the
~o~e of nine pe~ cent~m per annum; and all said costs, charges and expenses incurred w paid, togelher w~1h such interest, sAall be secured by the lien of thii
morigsge. .
6. Thet (a) ~~+e Crent of any breach of this Mortgage or default on the part of the MORTGAGOR, w(b) in the event sny of sa~d sums of money
herein reftrrrd to .be net promAt~Y ~!?~-~~~Y .Pa~d within th~rty ~30) days next_ after ~he same uverelly become due and payable, withoW demand or no~ice,
. - -
or (c) in the event each and every Ine stipulatioru, agreemems, conditions and covertants ~ saa prom~iaoiy nofe Siidlh~"s'inoitgage 'Shy 6T e r-a?E-n
iuly. promptly and tully per(wmed, dscharaed, ezecuted, eifected, compteted, complied with and ab~drd tiy, then in e~ther w any such event the said ag
gregate wmr mentioned in said promisswy note then remaining unpaid, with inrerest accrued, and all mo~eys secured hereby, stw~i become due a~ti pay-
able forthwith, or thereafter, at the option of saed MORTGAGEE, as fully and completely as if atl of the said sums of money we~e originally slipulated
ro be paid on such dqr, anything in said promissory note w in th~s Mortgage to the contrary notwithstandug; and thereupon or therealter at the option of
sa~d MORTGAGEE, w~thout notice or demand, suif at law or in equity, therefore or the~eatter begun, may be prosecuteei as ii aii moneys secured 'nereby
nad matured pnor to its ins~itut~on.
7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to foreclox it, or to reform it, o~ fo enforce
payment oI any claims hcreunde~, said MORTGAGEE shall apply to the Co~rt having jurisdiction thereof for the appointment of a Receiver, auch Court shall
Forthwith appoint a reteiver of said mortgaged property all and singular, includ~ng all and singutar ~t~e income, p~of~ts, issues and revenues from whatever
so~rce derived, each and every of whrch, it txirg expressty understood, is heieby mortgaged as if spec~iically set fwth and deuribed in the granting and
habendum clauaes hereof, and suth Receiver shalt have all the broad ar.d effective fvnct~ona and powers in an~w~se emrusted by a Court to a Receiver, and _
s:;ch appointment shall be made by such Court as an ad~nittcd equity and a matter of absolute righf to said MORTGAGEE, and wieMut reference to the ~
adeGuacy o? inadequacy of the val~e of the property mw~gaged w to the sotvency w insotvency of said MORTGAGOR a 1he defendants, and that such
ren?s, profits, income, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such
Coun.
_
B. To duly, promptly and fully perform, discharge, execute, effeU, complete, comply w~th and abide by each and every the stipulations, agreements,
conditions and covenams in sa~d prom~swry note and this mwtgage set forth.
9_ That in the event the ow~ership of the mortgaged premises, w any part lhereof, becomes vested in a perwn other than the MORTGAGOR, the
MORTGAGEE, its successors and assigns, may, wi~hout notice to the A10RTGAOR, deal w~th such successw or s~ccessor in interest with reference to thia
~~ortgage and the debt hereby secu~ed i~ the same manner as with Mortgago. w~thout in any way vitiating w d~uharging fhe hlortgagors' liabiiity herr
under or upon the debt hereby secvred. No sale of the premises hereby mortgaged and no forteara.~ce on the part of the MORiGAGEE or its successors
or assigns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successora or assigns, atull operate
to release, d~stharpe, n?odify change w affect fhe original liaoility of Ihe MORiGAGOR herein, either in whole w in part.
10. It is specifically agreed that time is of the essence of this contract end that no waiver of any obligation hereunder w of the ob?igatan se-
c~red Ixreby shall at any hme thereafter be hetd to bc a waivet of the ttrms hereof a of the instrument setured herby.
I1. In add~tio~ to the forego'ng month!y paym~nts of princ pal and interest required by the prom;ssory nore secured hereoy, mortgagor covenants
and agrees to pay to mo-tgagee w~th each monrhly payrnent an add,iional sum es~~n,ated by mortgagee to be equal to 1 j 12 of the annual cost of the follow-
ng:
A-All real property taaes Iev~ed or assessed agairist the above desc.ibed real estate.
B-P~em~ums on iire and windstam insurar.ce as here~n req~~red to be carried on the improveme~ts situate on the above described premises.
! C-Premiums on such mo~tgage guaranty insurance as mo~tgagee shall from t~me to time deem fit to carty on the loan secured hereby.
~ Mortgagee shail from time to t~me notify ~mortgagor in writ~ng of the amount due and payable hereundrr and such sum shall therevpon be due and
~ ~:a;able on the due date of the rteat month:y paymem and eech successive month thereafter ur.til mortgagee sha~l notify mortgagor of a change in such
; ,,,,,a„µ-_~}i_~_~;uj_j~.~;;.~j~y_mcckj~_tn.s,,•d_21~e_paYenent o~~_p~~~y tax@;,__insurance pre.m:_ym;, and mort~ge guarantrL insurance__
~ emiums.
~ ~
~ IN WITNE55 WHfREOf, the said MORTGAGOR has hereunto set his hand and seal the day and,~r fir~ id. ~
g ned , aled~p~ deliv ed in the rexnce of: f~~EO AtiL RECOA9E0 1'
~ ~~n.~~.~.T_~S ~ ~ ST. WC~E CO_UwTY fLL f si s~aA
t ~ rz~r ~ R4Gc^ POtZRAS
~ w t eS ~ C~ERK r1?C~IT COU ROber L. Getz ~a~
r ~ L I er~,s,/ RECCRO YEPIf!EO (Seaq
~ 1 IleSB: j 3 31 PfI~~~I•0 tta M. ~Ct2 (Sean
SiATE OF PENNSYLVANIA ~
COUNTY OF ~
Robert L. Getz 263216
Befwe me penonally appeared °^d
Loretta M CsetZ his wife, to me well known and known to me to bs
the individuals destribed in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes
~ therein eap?essed. And the said t A1°*t° M Getz '
~ j RO~ZL L. G@t2 u s se erate and rvate 3
c of the said Po^ P P~
~ exam:nat~on by me taken separate a~d apart from her said husband, acknowledged to and before me that she exetvted said inatrument freely and volun-
rarily and w~thout any compuls'an, constraint, apprehens~on, or fear of or from her said husband.
~ ~'ui da of Sentember A. D. 19~~. ~
~ WITNE55 my hand and offic~al xal thi: <
Y ~
~ -
-~..~..,....,.-c. ;
Notary Public in and for the State • la '
~ ~ My Commission expires: @i1flS~iY,r,~,
^7, .
Retum To:
First Federal Savings a Loan Associat~on , f n~•;-
x_ L~ , , ~i
~~a'} P _
Of Fort P~erce. , ,
Fort Pierce, fbrida ~.'Y t: ~k:~l?ii~$
• . ~
C~ . -1~;' J !1~
~ This Mstrument Prepared By J. lial Robetts~ Jr. ~~r~3'7•~ .
First Federal Savings & Loan Association
of Fort Pierce , Florida
~~3 _
~ y ~
~ Checked B srl~
~
~ ~~oK218 F~~~1252 ~
Yg%4 ~
:„C
~ ' . _ . . _ _ _ _ s
€
- ~-~-t'
_ _ ~ ~
W._,_ _ . _ ~~~<~zs ~