HomeMy WebLinkAbout0476 3. To place and continuously ktep on the bui:dinga now or herrafter fiWate on said :+nd and on ell cquipment and penonally covercd by this morlg- ,
~gA, with all prem~ums thr~eon ~ra~d ~n 1~II, iue insurance in the usual atandard poGty io~m, in ~ s~m approved by the MORtGAGfE, and windstorm
iniuronce in tM usual standa~d pol.cy (orm, in a ium approved by tha MORTGAGEE, in sucA company or companies as the MORTGAGEE may
d~rect; and all fire and windsiorm insurance pol~cies on a~y of sa~d bt,ild~ngs, ~ny in~e~est ~herein or p~rt thereof, in Ihe aflgrtgate tvm atwesa~d w
in excess thercof, shall contain the usual standard margagee cla~se or such other clause es the Mortgages msy requ~rs, msking the ioss unde+ sa~d poli-
cies, each and eve~y. payubte to said MORTGAGEE as ~ts inierest may appea~, and each and eve~y fuch policy sha~l be promp~ly a~s gned snd de~~vered ~o
sny hald by said MORTGAGEE as iurther ~rcurity to said mortgage deb~, and, not leas lhan ten (10) days in advance oi Ihe expiration ol each policy, to da
t;ve~ to said AnORTGAGEE a renewal thereof, togeiMr with a receipt for ~he premium of tuch ~enewal; and there shall be no f~re or windstor~n insurance
placed on any oi said buildings, any interest therein a par~ thercof, untess i~ the form and with the Ioss psyable as afweaaid; a~d in the event any sum
of money becomd payabte under such policy or policies iaid MORTGAGEE shall Mve ~he opt:on to rece~ve end apply the iame o~ account of tAe indebtrd
neis secured hereby or to permit sa~d MORTGAGORS ro receive and use it w any pait ~hereoF for ofher pu~poses, v.~~hout fh.~. u~ .~~i+i~:g or ~~~~p~~~- •
fng any equ~ty, Ircn w r~ght under or by virtue of thls mor:gage; and in the event sald MORTGAGORS shall for eny reason fail to keep ~he sa~d prernlsas so
inaured, w fail 1o delive~ promptly any of said policies of insurance Io sa~d MORTGAGEE, or fail promptly to pay fuily any pre~nium therefor or i~ any
respect fai! to pa(orm, d~scharge, ezecute, effect, complete, comply with and abide by this covenant, w a~y part hereof, said MGRTGAGEE mey place and
pay fw tuch in~urance or any pa~t thereof without waiving w affecting any option, lien, equ~ty, or right under w by virtue of this Mo~tgage, and the
fvll amount o( each and every such payment shall be immedia~ely due and payabte a~d shali bear interest from the date thereof umil paid at the ra~e ol
n~ne per centum per annum and to~ether wi~h suth intereat shal~ tx secured by the lien o( this mwtgage.
~1. To permit, tommit or su(fer no waste, impairment w deterioration of aaid property or any parl lhereof.
5. To pay at~ and singular fhe costs, charges and expenses,~~ncluding a reasonab!e attorneyi fee and coats of abstracts of title, incurred o~ pa~d at
any time by said MORiGAGfE, because w in the evenl of the (ailure on the patt of the said MORTGAGOR to du~y, promptly and fully pe~(orm, d~sch.rge. "
execure, efiect, complete, comply w~~h and ab:de by each and every ~he stipu~afions, sgreements, conditions, and covenants oi said pram~ssory note and ~his
mortgage any or eieher, and sa~d costs, chargea and e,epenxs, each and every, shall be immediately due a~d poyable; whether w not there be no+ice de
mand, attempt to collett or suit pending; a~d the full amounf of eath and every such payment shali bear interest from ~he date thereof unti! paid e1 the .
rate of nine per cantvm Fxr annurn; and all said costs, charges an~ ex~nses incurred or paid, togalher w~th suth iroerest, shail be secured by the lien of Ihis
mwtgage. .
6. Tha1 (a) in the event of any breach of this Mwtgage o~ default o~ the part of the MORTGAGOR, or (b) in the event +ny of sa~d sums of money
herein referred to be not promptly and fully paid within thirty (30) days nex! after the same severatly beco~ie due and payable, withou~ de~+:and or notice,
or (c) in the event each and eveiy the ~?iputations, agreements, conditions and covenants ot sa~d promissory note and Ih~s mortgage any w eithe~ are nol
~uly, promptly and fully performed, d~stharged, execured, eifecled, completed, complied with and abided 5y, theA in either or any such event Ihe sa~d ag
~regate sum mentioned in said promisswy note then ~emaining unpaid, with interest accrued, and atl moneys setured hereby, shall becomr due and pay-
ebie fo~thwith, ar rhereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of money were w~ginally st~pulated
to be pa~d on such day, anything in sa:d pro~n~sswy note or in this Mortgage to the comrary notwithstanding; and ~hereupon w therea(ter at the option of
said MORTGAGEE, wi~hout norice or dema~d, suit at law w in equily, therefore w thereafter begun, may be prosecuted as if all moneys secured hereby
nad matured priw ro as inst~tut~on.
7. That in the eve~t ihat at the beginning of or at any time pend~ng any su~t upon this Mwtg~ge, or to fweclose it, or fo reform it, or to enforce
payment of any claims he~eunder, said NSORTGAG~E shall apply to the Court having ~urisd~cfion thereuf for the appointment of a Receiver, such Court shatl
Forthwith appoint a receiver of said mortgaged property alt and singutar, includ~ng atl and singular the income, p~of~~s; issues and revenues lrom whatever
source derived, each and every of which, it being expressly unders~ood, is hereby mortgaged as if specifically set fwth and deuribed in Ihe granting and
habendum ctauaes hereof, and s~ch Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and
s:::h appointment shall be made bjr such Court as an admitted equity and a matter o( absolute right to sa~d MORTGAGEE, ~M! without reference to Ihe
adequacy or inadequacy of the value of the property mortgaged or to the sotvency or insotvency of said MORTGAGOR o~ the defe~dants, and that such
renrs, protits, income, isaues and revenues shall be applled by such Receiver according to the iien or equity o( said MORTGAGEE and the practice of wch
Court.
8. To duty, promptly and fully perform, discharge, execute, effect, complete, cwnp~y w~th and abide by each and evcry the stipulations, agreemrnts,
conditions and covenants ~n said promisswy note and this mortgage set fo~th.
9. That in the event the ownership of the mortgaged premises, o~ any pa.t fhereof, becomes vested in a person other than the MORTGAGOR, the
1.'.ORTGAGEE, its suceuors and assigns, may, without not~ce to the MORTGAOR, deal with such successw or successor in mterest with rete~ence to this
m,orrgage and the dabt hereby secured in the same manner as with ~Jlortgagor without in any way vitiating or discharging the Mortgagors' liability here-
under or upon the debt hereby secured. No sale of the premises hereby mo~tgaged and no forbeara~ce on the part of the MORTGAGEE or its succeswrs
or assigns and no eztension of the time fw the payment of the debt h~reby sec~red given by Ihe MORiGAGEE or its successors or aui9ns, a~iall operate
ro re!ease, c~~scharge, modlfy change or affect the original liability of the MORiGAGQR herein, eitber in whole or in par1.
10. It is speuficaliy agreed that time is of the essence of this contract and tFwt no waiver of any obligation hereunder or of the oblgation sr
cured hereby shall at any time thereafter be hcld to be a waiver of the terms hereof a of the instrument secv~ed herby.
I1. In add~tioa !o Ihe forego'nq monthly paym~n!s of princ"pat and interest required by the prom[ssory nore secured hereby, mortgagor covenanTs
e•.d agrees to pay to mo-rgagee wrth each monfh~y pay~r.ent an add~r~onal sum esrin,ared by mortgagee to be equal to 1/12 of the annual cost of the follow-
;n~:
A-All reai property raxzs lev~~_d or assessed aga~~st the a6ove described real estate.
B-Premiums on f:re anc! windstorm insurarce as here~n req~~:red to be carreed o~ the improvements situate on the above d~scribed premises.
C-Premiu~ns on such mortgage guaranty ir.nurar~ce as mor~gagee shail trom t~me to time deem fit to carry on the loan secured hereby_
Mortgagee shail from i~~ne to time notify morrgagor in writ~~g of the amount due and payable hereunde~ and such sum shall thereupon be.due and .
! ~ayable on the due date of :he next momh;y payment and each successive moroh thereafler ur.til mortgagee shall notify mortgagor of a efbnye lwrWth ~
{ a^cunt. $uch sums sh.a!1 be app:ied by mo~~gagee toward tFe pa~ment of real property taxes, insurante prem:ums, a~id mortgage guaranty in~Aa11[~.~ ,
i n~emiums. ~~1111.~~:~;~~ :
~ IN Y~ITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and~~ear tirst aforewid. ~(i .-~~''.7~Y•~'~,
i Si~qed, Sealed and delivered in the presence of:
; .
~ ' 'iL~~~.-~.D~~ d~1 ~ ~ .
t _ ~ f~n-
~ - • -7ts i ~
E ~ ~
~ - ~ =~i%'? v =
s ~ l• - ;f~''.. `
~ 57ATE OF fLORIDA ~ ~ ~ ~ ~
~ s~~%-~'C,
r
~ COUNTY OF St . Lucie ~ ~•~'l~,
~ Patricia D. Nardwick a sin le adult and
Before me personally appeared ~ g
~ Robert C. Hardwick dTZ(~ Ethe~. Hardwick his wife, to me well koown and known to me to be
~ the individvals described in and who executed the foreqoirg instrument, and acknowledged befwe me that they executed the sarr» fw the p~xpose~
~ therein expressed. And the sa~d_ Etll@1 Hardwick -
~ N:fe of the said Robert C. Hardwick upon a separ+te and private
_ ~.amination by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and volun-
~ ~an1y and without any compu~sion, constraint, apprehe)nsn~on, w fear of or from her uid husband.
= WITNESS my hand and official seal this__.~Z1 a~ day of ~ temb r A p ~q73
Notary Public in and for State of Fbrids at large
My Comm;ssion expir • NOTAl2Y PUK:i~. Si. ~ c: 1 ~•.~~~.4 ~t ~ARGE
Re+urn To: 1~1Y COMMISSIG~1 EXi'iRES MAR. 29. 1916
First Federal Savings S Loan Aswciat~on ~7d8d By AfilEllCotl ~ditKE[i ~?'1i1lUA~ ~
Of Fort P:erce.
Fort Pi~rce. Florida . ~
e~ ~
S? .
f LEp AMU ~ECpRDE
LuC~i. ~ JU1iT~f E[~.
This Instrument Prepared By Richard K. KayeS RGC: ~=~~~R~S
First Federal Savings & Loan Association - CLERX C,~:UI~ COURT b 3
i
of Fort Pierce , Floridd ~ Fc~C~~' `~E~'F' r~"„~~
~
!i ~
; Checked B i ~ R'r
~
:
~ r.
~oo~ 2~.9 PAGE 476
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