HomeMy WebLinkAbout1975 3. To p!ace and ca~.~.~wu~sly kcep on tf:r L.,~ d.~y: now or hereairer e~~uare on sa~d land a~~d on aC rq~:~.~+~~~M and ptnonally ccv~rrd by this mwt9•
ege. w~th all prenu~:,~s ~hri.~on Fa:J :n f~ti. f~rr ~„s..:~~,.r m ~i~r ~s.,~~ sr~~~do~d poi~cy iorm, in a wm a~.proacd by !he h10R~G::G'_E. a~,d windswnn
Insurante in ~he ~wal s~indard ~,a:xy tor~~~, in a sv~n appioyrd by ~he A10kiGAGEE, in such company or co+npan;es as the A~ORTGAGEE ~nay
dvecl; and all fire ~nd w~ndstcrm insuronce polic~~~s on any of sald bu~ldmgs, any inte~esl therein or pan therrol, in the aggrrgaro s~~~ a(oresaid o~
in eitess thereof, shall ;unt.,in ~he vswi st„~zJ~rd n,ary~gre clause or sv:h other dause as the Mw~yayre may req~~ro, making the toss ~nder s.~~d poli-
c~rs, each and every, pa~.,b'a ~o sa~d AtJRTGAGEE as ~t~ ~~~ter~•st mjy aNpear, and each and e~e~y such po!:cy shail oe prompuy a?syncd ~~~d delivrr..d ~o
•ny held by said MORfGAGFE as iu•rher s_curny ~o sa~d ~~~ore~age dcbf, and, no~ less ~han ~en (10) days in ad~once of fhr exyiraGon of each pol~cy, ~o de-
I~ver ~o said MORTG~GEE a renrwel the~eoF, toge~he~ wnh a rece~p~ for fhe pr~m~um of svch reriewal; and there sha11 t,e no Lre or w~nds~wm i~~wrance
plated on any of said build~ngs, any intere~t there~n or parl the~eoi, unlras in the foim a+x1 w~th Ihe loss payaotr as aforesa~d: and in ~he rveM any sum
of money becor+us payabte ~ndzr such policy o~ poLcies sa:d MJRTGAGEE sh.,ll have the opt;on to reo:~ve a~~d ap~,Ey ~he sa~~~e a~ account o1 the ind~•Lt~d-
nesa secured he~eby o~ to prrn,~t sa~d 1AORTGAGORS to rece~ve and use i~ w any p;.rt fhe:e•~f tor o:n~_r i.~~; os~s. :.,~~~o~t ii~,,,... ,o_~.~.,~ c~ ~,~.p.:u-
ing any equny, Gen or riyht undrr or by vut~e of ~h~s mccrgaga; a~~d in the event ~a d h10R1G4GORS shall fo~ any reasun fail to kerp the sa:d prrm~s_s so
insured, or lail to de~iver promptly any of said pol:Nes of inwrance to sa~d MORTGAGEE, or fa~! prc~npt!y to pey fu~ly any pre:n~vm therrfo~ or ~n any
respect iail to per(o•m, d~sch -ye, eaecu~e, eiiec~, con,ptetr, co:nply w~~h and ab~de by th~s cove~~ant, o~ any pe~t hereof, seid MVRiG%+G[E may piace a~~d
oay fa such insur..nce or any part thereof vv~~hout waiv~ng or af(ecting any optlon, lien, equ~ry, or r~ght unde~ or by vi~t~e of shis Alortgagr, and the
}ull amount of each and every such pa,rnrnt shall be ~mmed~a~ely due and payab~e and shall 6car interrst from the date thereoi un~il p::~d ai the rate ol
n~ne per cenwm per annum and togrth; r Nr~th such inirres~ shai~ be secu.ed by the lien of thls mo~tgage.
0. To permit, tommit w suffer no waste, impainne~t or deteriorer~on o4 sa~d property or any part thereof. ,
S. To pay alI and singutar rhe costs, tharges ar~.d expenses, ~nduding a reaionable attomey's fee and costs oi abstracts of ti~!e. inwrred or pa~d at
any time by sa~d MORTGAG;E, beca~se or in the event of the fa;lure on ~ne part of the said MORTGAGOR to du1y, prompt~y and fully Ferfotm, d~acharge.
e¦rcute, el(ec?, comp.e~e, co~np~y w~th and ab.de by ea:h and every th.~ stip~ta:~ons, agreements, condit~ons, and covenanrs oi said promis:ory nore er.d this
.~~ortgage any or e~ther, and aa,d cosis, charges and expenses, each and every, shaU be immrdiarely due and payabie; whrfher or not there be not~ce d~
mand, attempt to collect o~ suit pend:r.g; and the fulf a~nount of each and every such payment ahall bear in~eres~ from the date thereof until paid at the
~.~~e o~ n~ne per cenru,T, prr an~w.n; ~nd ~i; sa~d cwro, cna,grs and ~xpr~~scs ~ncurred or paid, togethrr ~veh such mierrst, shall be secured by the Gen of ~h~s
mortgags.
6. That (a) in the eveM of any brrach of th~s Morrga~e or defau~t an tF+~ pa~t of the !'~IORTGAGOR, or (b) in the event any oi sa:d sums of money
herein referred to be not promvtiy and fu~ly paid w~~hfn thfity (3G) deys neat aitrr the same s~vera:ty become due and payable, wir?iout demand or narce,
or (c) in the everA each and evcry the stipu~anons, agreements, condmons and covenants of sa d promissary note and tha nwrtgage any w e~ther are not
~~ly, prompily and fulfy performed, d.scharyed, eaewt~d, eifected, complrted, comp:~ed w~th and a~~ded Sy, the~ in erthe~ ot any svch event the sa~d ag-
g~egate sum mentioned in sa~d promissory note then ren~a+ning unpaid, with inrerest accr~ed, and a~! moneys secured hereby, shall bctome dve and pay-
ab~e forthw~}b, or ~i,ereafrer, at ihe op~~o~ ot sa,d AtORTGAGEE, as fully and compkerely a: it aIl of the sa~d sums of rrwney were or.g~na~ty st.pwa~ed
ro be pa.d on such d~y, anyth~ng in sa.d pro:n:ssory note o~ in this hlortgaqe to the contrary not.viihstanding; and ~here~pon or thereafter at the oHt~on of
s~~d MORTGAGEE, w~ihout nonce o~ drm~nd, su~f at law or in eq~ny, thereiore or thereairer begvn, may be prosewted as if ail moneys secured hereby
n~d matured pr~w to :ts in:etut~on.
7. That in IFe event that at the beginn:ng o! or at any time pending any suit upon this Mortgage, or to foreclose it, or to refo~m it, or to enforce
~~ayment ~t any d~~~~:s hereu+~dar. sa~d h10R'GAGEE sh::i; ,ppty to th~ Court hav~„g ;u~~sd:uion the~eof for the appo~ntment of a Receiver, s~ch Cowt shail
r;,:thw~~h apFe~nt a rece~ver of a'aid mortgaged proptrty a~~ and s~ng~lar, includ~ng a:l and s~ngular tt:e ir.come, protrts, issues and revenues i~om whaeever
so~rce derived, each and eyery of wh:ch, ir be~ng express!y und<rstood, is hereby morigaged as ~f spec.fically set forfh and descr~bed in the granrin~ and
1:_~~~end~m causes hereof, and wch Recerver shaii have all the b~oad and effetNve funcrons and powers in anyw~se entrusted by a Court to a Receiver, and
s_cn appo~nsme ~t shalt be made by svch Cou~r as an ad•~~t~~d rqu~ty and a ma~tcr of abwl~rte rigM to said MORiGAGEE, and withou~ reterence to the
a-_?equecy or inadequaty of The va!ue of the oro•~erty morrgeged or to the saventy or ,nso!vency of sa~d MORiGAGOR o~ the defendants, and that such
re~,rs, prof~ts, incorne, issues and revenuas shall be appiied oy such Receiver accord~ng to the lien or equity of said MORTGAGEE and ~he practice of s~ch
Court.
8. To du'y, promptty and ful~y perta+m, d~scharge, execu+e, ef#ed, cornplete, romply w~th and abide by each and every the st~pulations, agreemeNS,
conditions and covenants in sa~d prom~ssory nete and this mortgage srt forth.
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9. That in the event the ownership of the r..ortgaged pren:~ses, or any part tnereof, becomes vested in a persan o~her than the h10RTGAGOR, the .
: ~RTGAGE:, irs successors and assigns, may, without not~ce to the t1tpRTGAOR, deal wrth wch successor or wccessa in iMerest with reference to this
rr~rtgage and the d~bt hereby securzd i~ the 3arne mann~r-dS with 1'hortgagOr w~thout in any way vitiating or d~scharging the /dortgagors' tiahiiiry here-
:,r.der or upon the debt hereb~ secured. No sa!e of the Fren~ises h~•reby mortgaged and no forbea~an~e on the part of Ihe lJIORTGAGEE o~ its wccessors
or assigns and no eafension of fhe time for the payment of the debt hereby sec~red given by the MORTGAGEE or its successors or ass:gns, ahall operate
ro re+ease, d:scharge, modiiy char,ge or atfect the orig~nal liab:;~ty of the MGRTGAGOR herein, eithe~ in whole or in pa~t.
10. Ir is spec:ficaily agreed ~hat t~me is of the essence of this contract and that no waiver of any obl~gat~on hereunder or oi the obligation s~
c~~ed hereby shati at any time rhrrra{ter be h_id to be a wai.er of the terrns hereof or of the instrumem secured herby.
11. In add.tio~ to tfie forego ng :ncr.th'~• pay~ ^nts of princ pal and imerest reyu;red by the prom sscry no'e sec~red hereb~, mortgagor covenants
d agrees to pay ro morrgaq~e with each monrhiy Fayr.,ent an add~r~onal svm est~~~:ared by mor~gaqee to be equal ~0 1 12 of tl:e annual cost of the foflow-
- i.
A-„II real Hroperty ta~ces fe~:•~d or eSSc`SSe.i ,,yai•s' ti~c a6ove desvib:d r•_al esrate. .
6-Frcr~.•orns on i:re ar.d v.~r,d<_tor~n ;ns~~ru~.ce as he<<n req,.rcd to be ca-ri•_d cn the ~mrroveme~ts s;tuate on tha above d=-svibed premises.
~ C-P~erri~~ns on such n:crtgsce gua.ar.sy icsura~ ce as mo•tgagee sha~i frc r r-:,e to t~me deem fit to earry on the loan sacured liereby.
~ ~dortgaqee sh, i frcm time to t~me nct~f~ mertgagor m wr~tir,g of the a~r.ov~t due and payab!e hareundar and svch wrr, shafl thereupon be du~ and
i .
~~~ab'e on rhe dur date of th= ne¦r month:/ paymcro and each success~ve n:onth thereaftcr ur,til mcngagee shall not;fy mortgayor of a change in such
~ _-.ount. Such su:ns s*a.i be arp'ied 'by mortgag-e ro.•:a~d the payment of real pruperty taxes, insurance prem:ums, a.~d mortgage gua~anty insurance
~ : •c:niumt_ r
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~ ,~Y~li"JES$ L•.'HEREOF: the sa~d !JSORTGAGCR has he.eunro set his hal,d ar,d seai the day ye irst oresaid
5 n,$ea;ed ,p~d de!iv red in presente of:
~
~ ~ (Setl)
g ' 1 A -(Seaq
~ '
~ ~ i - - (Seal)
~ ` ' - erron• . en er ~s~ai~
~ ST:,TE OF FLORIDA t
~ =JUtJTY OF SL . Lucie ~ ~
~ ~a single adult
~ eefore me personaliy appeared M1Chde 1 B. Kdlle . I I I At~'D Bruce P. C@IILeZ end
~ $~IeIZOA P. Centez his wife, to nee well ~ ~6Hdt~,~,,,~ to me to be
~ r~e individuals described in and who exec~sed the foregoing instrumeM, and acknow~edged before me that they extLii~e~~ T~~fqr
t~ purposes
Sherron P. Center ..r:';••!:~.`~ °
~ rhe•ein expressed. And the said- s.~ ,
~ ~e of the sa~d - BlUC@ P. Center ^ ~
_ JS'poo e sepL{le y~ private
.jT.;nat~on by me ta~en sepa~ate and apart irom he~ sa:d h~sband, atknowledged to a~d before me that sFx e7(pCV(e21 s~! instrument (~~ly ~%voluo-
:f ~a•~ly and w~tho~t any compulsion, cor,strai~t, apprehens;on, or fear of or frem her said husband. ~..~~r,• ::.i=. '
~ - Octobel- ~ : V G , _ i,
y; YJITNE55 my hand and offic~al seal this___ ~c2 t~: day of ' ' _~14 73
i , . . : , t . : t V ' ~1 `
~ ' ~ l~' r J • r i
~ ~Y
ry_' Notary Public in a~d fot_i}~~ •fliri~~ aTge
My Commission expires: , ~ • ' •
Ret~rn io: " r. r ~ ~ - ~
firsr Federal Savings 6 loan Assxiaron ~ ~ - ' ~ ~ ~ i'' `'J t - ~ ~ ~A~ 0~ ~M~ ~ u~{
of ~o~, P.~.~,,. t~0`i.tMEN ~ARY STI+M;~_' ; MY COMMISSION EXPIRES SEPT. Z5. lilf
_ Fort Pwrce, f:or:da :i: P?. (~F z+EVENUE f
dl } ~ i ~ ~ ~ ~M1 (i1~1111~ ~
~Y ~tit~~•~3~.~~~ 3 3 0. 0 0 1
o = , P•8. r ~
ri~:
This Instrument Prepared By Thomas A. Dziscoll F1LfU ~?K~ RECOR~ED _
"w; ~T. ~~CIE COUNTY t
First Federal Savings & Loan Association GCEP P~STR~:
of Fort Pierce , Florida CLE~x CSnCUtT COURT '
~
R~C~a~ vca~ct~0 _
~'f Checked 8y - 3
~ OCt I Z 10 3S
~ Q ,r
i~GK~~s~ P.~G=~,~~4 26~89~
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