HomeMy WebLinkAbout0413 3. To pla:e and coMinuo..:ly keep on !nr ~•~i:~.~:gs nox O~ F~errsitar S~tvale on s3~d land ai~d on a!i cq..i~~.nent di:d ptnonally tovcr~d Ly 1h~s rr.ortg•
age, w~th aIl pn.mwms lh~reOn {.a.d ~n (uit, f~rr ~ns~ianc~• ~n tha usuai s~.+i~~ard po'~Cy Iwm, in e s~m arNr~.cd b~ the MOR~v%.GEE, _l v~vn~l:roim
;n>urance in ihe uwal standard po~~.y f~rui, in a s~rn ,Fpro:ed by the 6tORTGAGEE, i~r such co~«pe~~y cr co:npan,ei as +he t:.Q4t~~;AGEE may
d,rect; and aU fir~ ard w~ndstorm ins~ran<< poGC~es an any of so~d b.nid.ngs, any iMereit therein or part th_•rcrof, in the a~gre yote sw~~ afcresa~d or
in excess ~hereof, shall :onfa;n ~he usvat sta:,dard rnor~gagae ciause or such o~her ~lause as ~he 1,1w~gac~ee mey requ.~e, ma{~uH) ti,e ws~ undar s>,d yoli-
;~es, each and every, pa~ab!e to :a~d IAJRTGAGEE as ~ts intrr~st n,ay appear, a~~d each and eYery such µc:~c~ sh,U k~ E:~on:pYy ass g~+cd e~~d de,~•.~r, d ro
any held by sa(d AtORfGAGcE as f~rri,er sccurity ro se~d rnorlqaye deur, and, not !esa than ten {10) days in ad+ance of the exp~ranon af e,ch po~~cy, ~o de-
!,ver t0 Sa~d MORTGAGEE a renewal thrrrof, togel'~er with d reteipi for the prr~n~um O( such renrwai; a~~d ihr~e Shail 6r ~w f~re or w~~~dstorm i~~w~ence
p~xed on any of sa:d build~ngs, any interest there;n or par~ rhe.eof, untrss ~n tht form and with ~he los~ payoble as aforesa~d; and 'u~ the e.ant a~y sum
of money becomes p~yabte un~er si.ch po.~cy or poGdes sa~d h',ORTGAGEE a4~a11 have ~he oyt;on to recelvr ,.:;d apH!y the same on acco~m ol thc i~~d•,uf~•d-
ress secvred here~y O~ to pennit s~:d lAORTGAGORS ro recriva and we it or en~ p.:n tl,.•;,~of icr o:ncr ~.ur, .;s<s. ,:,~i,•,,.t ih
~n~ any equ~ry, lien ar r~yht undri or by virtvr of th;s ~no:fgage; and in the evem sa.d MORT(iAGORS sha11 :or any rc~son fail to kcep the sald prr~nii.s so
~nw~cd, or fail to de!ive~ p~anp~ly any of sa~d poi~c:rs oi ~nsura~xe ~o aa!d 1tORIGAGEE, or 'tai: pron,ptiy to pay i.,~;y any ~.re•n~.•n ti,~~~~•!or or ui a••,y
rrs~ect fai! to periorm, dscF~a~ge. ~rc•cur~, eftect, co~np~e~e. co:~ply wirh ~nd ab~de by eh;s covanam, or any p.~,~ h,.~,rof. s~;~d /,tt_RiG;.GEE ~~,ay pac•~ a•o
~:ay for such insurence ur any pa.l the~eot wnho~t waiving or aNec~ing any opt~on, lien, eyurty, o~ ~~3h~ under o~ 6y v;~•„e of ihis ~.~ortg~ge, a~~d thc
t,.•~I amovm of each and e.e~y s~ch pay~Tent shstl be ~m~ned~ately d~e and payable and shail bear interest from thu dara ~hcreof u:~r~i p„~d a~ ~he r„re of
~e per canrvrn pcv annum e,id io~r~hr~ w~rh such in;~:usr sh„i~ ,,e se.ured by the Gen of this mo~tgage.
To permit, tom~nit or wHe( Oo waste, impainnent or deterioration of said propeity or any part thereof. ~
5. To pay ali and singuia. the costs, charges and ex~nses, induding a reasonab'.e atiomey's fee anJ costs of abstracts oF tirle, incurred or pa~d ai
,~y time 6y ia~d MORIGAG:E, because ur in ~he event ct the fa~lure on the p~n of the said MORTGAGOR ro duly, pro-~+pr1~ and fu:~y perfonn, d.scn~rge.
_a~•cute, effe.f, tomp:ere, comply w~th and abde by each and e~ery the stip~~ai~o~s, agreements, cond~tions, and covenants of sa~d promissory note a~~d th~s
,~ortgage a~y o~ e~~her, and sa~d costs, charges and expenses, each and every, shall be immed~atety due and payab:e; whether or not th~•~e br nonce d~
n,~nd, aUempt to cotle~t or suit pend~ng; and the Pvl! amovnt of eac!~ and every such payment shall bear in~erest from ihe date therrof unril paid at the
. of nine pe~ c•_•ntum pe~ anuu:n; and ~II sa;d costs, cha;grs ard rx;;enses u~c~rred w paid, toyctlier w~th such intetest, Stwll be secu~cd by Ihr Gen Of th:s
mortgage.
6. TF~at (a) in the event of any breach of th~s Mortgagr or defavlt on tFw part of the MORTGAGOR, or (b) in the event any ot sa:d svms of money
herein referred to be not promptly and fully pa~d .vithin th:rty ~301 da~s nexT ain.r ine same seve~ally become due and payable, witkout demand o~ nor~ce,
cr ;c) in the event each and every the stipu~at~ons, agreements, cond~t~ons and covenants of sa,d orom~ssory note and th~s morrgage any or enher are not
iu; y, piompely and iufiy pQrformed, d.schargrd, exew~ed, eifected. comp;eted, tornpl~ed w~~h ar.d ab~ded Sy, then in e:ther er any wch event the sa,d ag
ar~~ate sum mentioned in said p~omisaory ncte than re~naining unpaid, with intere,~ accrued, ar.d a~f moneys sec~red 1~ereby, shall becorne due and pay
e~,.~ forthwith, or therea~~er, at the opnon of said 1.10RTGAGEE, as fueiy and comple~ely as if all of ~hc sa~d sums of money wcre or~g~na.ly st:pu:ated
~o be pa:d o~ such day, anything in sa:d piomissory note or in this Nlortgage to the conrrary notx~thsran.~~ng; and thrr~upon or ih~reafter af the ophon of
s~ ci MORTGAGEE, wnhout ~ot~ce or demand, suit at law or in equity, ih•_refore w thereai~er begun, may be prosewred aa if a!! moneys srcured he~eby
r._o matured pnor to ~ts instit~l~on. -
7. That in the event thaf a~ the beginn~ng of or at any time pending any suit upon this Mo~tgage, or to (oreclose it, or to reform it, or to enforce
~:r,~ment of any claims herzunder, said h10RTGAGEE shai! apply to the Cour~ havi~~g ~~nsd~cTion thereo4 for the ap~o~ntment of a Rece~~er, svch Court shai!
rc~:nwith appo~nt a rece~wer of sa;d mortgaged property all and singuiar, inciud~ng ail and sinq~tar the incorne, profrts, iss~es ard rev~nves fro~n wh~tever
s; ~rce derired, each and every of wtilch, 1f be~ng express~y undcnr~. ~s herrby moregage~l as if spec:lica!ly set for~b and described in tha grant~n~ ar.d
n.::~endum ctauses hereof, and such Recei~er sha~l have aU the broad and eifecr~ve tunc~.ons and powe~s in anyw~se entrusted by a Co~rt to a Recciver, a~~d
s. -,n appointmeia sha? be made by such Court as an ad~~:itted equity a:id a m.atter oi abso!ute r;ght to sald MORSGAGEE, and witricut refererce to the
e:i_~quacy w inadequacy of the va;~e of the property rnortgaged or to the so.v~ncy or insci~ancy o1 sa~~ MORiGAGOR or the drfar,~a~~ts, ~ec' that such
Js, prolirs, income, issues and revenues sha:l be appiied by wch Receiver atcordu~g to the lien or rquity of said MORTGAGEE and the prau~ce of wch
~ourt.
B_ To dvly, promptiy and fuf~y perform, d~scha.ge, execu~e, efiect, com, {ete, compi~ with and abide by each and every the stipufations, agreements,
;~~d~tions a.^d torenants ~n sa~d p~omissory nore and th;s mortg3ge set forth.
9_ That in the event fhe ovvnenhip of the mortgaged pren,is=s, or any part ihereof, 6ccomes veited in a person other lhan the MORTGAGOR, the
: ~ RTGAGEE, its succeswrs ar,d ass~gns, may, w;thout nc.nce to the MORTGAOK, dea! LY11F1 such svtcessor or successor in interesf wich refererce to this
o~tgage ard the debt hrreby secured in the same manr~r as wirh lJSu.t~3gor w:thout in any way vit:ating or d,schargi .g the tdcrtyogors" liabality F.ere-
der or upon the de6t hereby secured. No sa;e of the pren,ise3 hereby mortgaged and no forbearance on fhe pan oi the ~AORIGAGEE or its succrssors
e~ azs~gns ar.d no extenz~on oF the time for the payrnent of the debt hereby secured given by the MORiGAGEE or its s~ccessors or ass:gr,s, ,l,afl operate
io re!ease, dacharge, modify ~hange or affe:t the o~igmal lia5,flty of the MORTGAGOR herein, either in whole a in part.
10. It is speufic~liy ag~eed that time is of the ess~nce of this contract and that no waiver of any ob1;9;t;on hereunder or of the obligation s~
c.,red hereby sha'i at any t~me thereatter be he±d to be a waiver of the lerms hereof or of the instrument secured herby.
I 1. In add t!o~ !o fhe iorego"~~g mor,ih'y paym~nfs Cf pr~~~ ra( and inreresr requued by ~he prom sscry no~e s^cu.zd he~eby, mortga~or covenants
d agrees to pay tc rzor`gagee w,th each rno~nh y pa~~.:er,s an ati:;~~ional svm ~sr:•~.a~ed_by mortgagee to be equa~ to 1 12 oi r.ar ann•:a{ wst of the foliow-
A-A!I r£al prep•,rty taxas Icv~e~ or astesa^d ag3i•~s! th~ aiMVe dc-sc~~bcd real estate,
6--Fre~-iu:ns on fire ar.d wir,ds~or,n ir.s~rance az iie:c~n rr>Gu;red to be carried cn ihe Em~lrovzments s:tua!e on th~ above o^suibed ptem:ses.
C-Premi~:-i o~ s~xh mortg;ge guaranty ~nsura,:ce as ~~:orrgagre s~ali frcn- r,me to time deem f~t to carry on the ioan sec~red hereby.
rdortgogee s^a~f 'rc~i t~me to t'cne r.ot~f~ ~,eregager in v.rlting of the a^.o::~t d~e and payable hereundar and such s~~i shaii theieuc;on be due and
.,:able o~ the d~e oaTe ef rhe next n,o.~th'y paym~_~ t a~~d each successive north rnereatrer vr.tit mengagee shall not;fy n:ortgagor cf a cnange in such
~ o;;nt, Such s~ms sFa.~ !;e apirl~_~J by morsgs•y re tor:ard ~he peym~nt o4 ~ea~ property taxes, ins~ra~ce pre:n:ums, a:uf mortyage guaranty insurance
~miums.
(N Y~ITNE~S :':H=.REOF, the sa+d MORTGAGOl has hereun`o se! his har.d and seal the day and y r ust atoresaid. „
Signed, Se .~f defivered in~the presen~e af: ~
r
f ~..r~~` _ LW?'Qt~N ~tt
Sherman ~i tCh ~~a}~
~ ' _45caq
J ~ "-j~ ~ , ~ ~ C 1 ~l~.l
~
h _(Seal)
- (Seal)
S~ATE OF FIORIDA ~
_.~urarr oF St . Lucie ss.
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Before me persona!!y appeared Shenoan C. ~~LltC~l and
, Rac e Fu c
_ his wife, to me well known ~nd Seno,iJ~ip,me to be
~7a ind~vldva:s descr~bed in and who execvted the foregoing instrument, and acknowiedged befwe me that they executed t6e s~tnp for the~ ~poses
«•„etn expressed. And the :a~d_ R~ehe2_ ~tch . i ,
` ~ A: ~~jT_
r. 'e of the sa~d ~Z1QIIDat1 Ci. Ft1tCt1 ~a/i a~?arate a d
ffr~va!e
.a~n~nat~on by me taken separate and apart from her a~d h and; acknowledged to and before me that she eaecu;ed sa:d inslr~m~l fr~ly ~;Jpiurr
~~-u~ and w~tho~t any compu,si~n, cor.straint, appre'~n , or e~of or from her said husband. ; j.~
Y~ITNESS my ha~d and ofilc~at seal th~s d~y- O tober ~ a. ~ i9' ~3
, : ~ ,
~
Notary Pubiic in and for the S~ate'~~Flwid~'at•Cdrge'
My Commission eapires: ~'j,~ ~r/~: ` '
Retum To: -
~ -h~ ~ .,i f` c F' . .
first Federal Savings 8 Loan Assouat~on • ~E c! FtCr?~;~~ at ~RGE
Of ~cri P~-::~ ~_V ~ t"!ilr~$ IAii. 7. I977
Fcrt Pl~~cc, fi;;•+u3
~ n::~.c;.: ~ 8~::,trs ir;surar.~ io.
2ss9oo
This Instrument Prepared By John W. Collins Av_ ~EC~?~E4 ,y'
First Federal Savin s 8 Loan Association F~~E4-, ~ U~~Ki7 fLA• ~o
~ ST. LU~.t_..' ~ .
of Fort Pierce ~~~lorida R~;s~. r„~tiRAS
Cl` ~ ~ i COURt ~
Checked By _1tL~_ r[rrF~ i; E~~--~
o R Oct i5 10 33 AN'Z3
eoo~ 220 o~~F 4#3
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