HomeMy WebLinkAbout0415 3. To piace and conr~nuo:.sly krep on tnr b•.,~'d~~:7s nc,rv o~ hrr~~aiter enu.,te on sa~d I,~nd and on ali eq~~i:r.em ar.d pe.sona!ly co:ered by ~hi~ mortg-
age. w~ih dll ptemw:~~s thrrcon pa.d :n f..!f, I,rr ~r.s..~a: ir ~n Iha uswl star.dard po!~ty form. m a S~~n aYpro+ed b/ 1ht h1UR~G.:GEE. a~`.d w~~Js~onn
~nsurance in ~he vs~a~ ~tenda~d poi.ty fur~:~, ~n a s.,~n a{:r+o+~ec1 by ~he A10R1GAGEE, in such compeny er co:npan:es aa ~ne h10kSGAGFE m~y
di~ec~; and ail (ire and v~~ndsturm ins~:ance Fo;~:;rs on any o( sa~d b„~~d~ngs, eny ~nrerrst therein or pa~t tLrreof. in the dt~~rt93T! su~n a}o~esa~d or
in excess ~hereoi, ahaU conrain the ~wzl sfa~~J.~rd ~i,o~~y~~ee c'.a~se or ~uch othe~ ctause a~ the Mortgagee n:ay rrq~.re, n.;l~::g th~ !oss unJr~ s~~d po~~-
c~es, each and every, pay~i,'~ to sa~d h10RiGAvEE as ns ~nt~r~st may aNpear, and each and e~~ry wch po,~c/ sl:oU be p~umpt:y assg•~::J a~•d de;iv~-r~d ~o
eny held by said h10RIGAGEE as f~.ther secui~ty to sa~d ~>>or~gaye debt, a~+d, nol !ess ?han ten (~0) days in ad~ance of the e=p~~at~on of esch puticy, ro de-
I~ver tn sald A10RfGAGEE a re~~ewal therrof, ~oge~he~ wirh a rece~pt for the pramium of wch renewal; d:.d ti~rre shaii be ~o L~e o~ .vb,~swr~n ~nsuronce
plated on any of said bui!d~ngs, any iNr~est lhere~n or part thr~eof, vnless in the torm and with the ioss payable aa afcresaid; und in the event any sum
of money (~come~ payabir vnder s~th poi+cy or poLcies seid ltiORTGAGiE sh~!1 have the ophon to rrceive s~,d apE~'y tlia sa~:~e on a!:ou~~t of the indcbtcd-
ness se:~red hareby or ro~crnrt sid MJRTGAGORS ru r~ce~va a~~d use it or any par~ th~•,~•.:i Icr o'~~•~ i.ur,~:s~s tt~•'•,-• •~''3
~ng any eq~~ty, ilen or right ~nder oi by virwe of tt~is ~ror'c)3(jN; and in Ihe evrnt sa d M02T('aAGORS sh~!I !or any ~~'ason fa~l to Sccip the aeid p~c~rii:s so
+neured, or (ail !o del~vc~ promptiy any ot i.,id po'.~ties of ir.su~a~xe to sad MORTGAGEE, er 1oil pron~p!:y to ~~~y fu'ly a~:Y thc~eto~ or in a~~y
+espec? 1ai1 to perform, d~sch;rge, eac•iu~e, eiFec~, cw~~plrte, co•nNiy with and ab~de by th~s cove~ent, or any part hartof, s.,~ci I.\v2iv%~GtE msY p:dce a~A
p~y for such insurnnce or any part tha:e~f w~~hovt waivin9 or aff~cting any oNt~on, lie~, eyu~~y, or r:ght unJa. or b/ rir:ue ot tt~~s ~.tiortyeg.=, and the
t„il amovro o} rach and e~ery such paymrnt shal't hr ~mm~diately due and payable and sha~l baar interes~ from tha da~e therroi ~~~id p.:~d at the r~re ot
~~~ne pe~ centurn per ar.n~•n and 1~~:•tLrr v~~!h s~ch inf~•:_~st shal~ i~e s~c~red by the lien of th~f mortyage.
.1. To pe~mit, commi~ or suffer no ~n•aste, impairmrnt or dc•tvr~orahon of aaid property o? any part thereof.
S. To pay all and singu~ar the costs, chargea and exgenses, including a reasonable attorrtey's fee and costs of abatract~ of t~tle, incurred or paid at
eny tim,e by sa~d MORiGAG:E, because er ~n the event of the (r.iure on ~ne part of the sa~d h10RTGAGOR to d~~y, pron,puy a~~d f~:ty perlorm, d~scha~ge
~xec~te, effect, complere, co-rpiy w~rh and ab de by each and every the stipulaf~ons, agreemenr~, conditions, and covenants oi so~d prom~ssory r.ote a.~d ~his
nangage any or e~ti.,. , and sa.d costs. charges and eapenses, eacA and eve~y, shall be immed~atety d~e and payab:e; whether or no! there be nonce d~
mand, attempt to cotieU or suit pend:ng; and ~he full amouro of each and every such payment shatl bear interost from the dare therrof until paid at the
r re oi nine per crn:~n, par onn~:n; ~~~d au sa~d cosfs, ci:e~yes and ~~+:;~~~~ses ~nc~rred or Haid, tog~t~ier w~th wch ir~terest, ahali be securrd by ihe 1~an of th~s
m or tg age.
6. That (a) in the event of any breach of fhis N4ortgage w defa~lt on thr part of the MORTGAGOR, or ;b) in the event any oF sa:d s~ms of money
he~ein refened to bt not pranptly a~~d tully paid ~vithin thuty ~30; days nexl airar the same severaL'y become due and payabte, w~thout dernand or not~ce,
er (c) in the e+ent each arcd eveiy the atipu;anons, a9reemenis, cond;:~ons and covenants of sa.d promissory note and th.s n:ortgage any or either are not
~uly, prompNy and f~lly performad, dachargcd, execured, eifected, complered, co:npi~ed w~th ar.d atr~ded 5y, ii~en ;n e,ther or arry wch event the ea:d ag
g~~gate sum mentioned in sa~d pro~»issory ncte then re~naining unpaid, w~th ~nterest accrved, and a~! moneys sec~red hereby, shall become d~e a~d pay-
~o.e forthwith, or thereafter, at ihe op?~on of sa~d MORTGAGEE, as fully and completety as ii a~t oF tt~r sa~d wms oi mo~ey vrere ong~natly s~~p~taied
ro be pa:d on suth d.:y, anything in sa,d pro~n~ssory note or in Ihis Mortgage to 1he contrary not,ivithstand:ng; and ~hereupon or thrreelter a~ the opt,on of
s~ d MORTGAGEE, witheut not~ce or drmand, suit at !aw or in ea~ny, 7herefore or thereatter begun, may be prosew!rd as if ali moneys setured hereby
r.. d matured pr~or to ns instrtui~on.
7. That in the event that at the beyfnning of or at any time pend~ng any sutt ~pon th~s Mo.t~age, w to toreclose it, or to reform it, or to enforce
e iymenl oi any cfaims hereund~r, sa~d 1'd'JRi~,i~GEE s~~ail apply to the Co~rt havirg ~ur~sO:ct:on theic-of for the appo~ntment of a Receiver, s~ch Court sh~ii
Fcrthwith appoint a reteiver of aaid mcrtgagrd property all and sing~iar, incl~d.ng a~i and singvlar the ir.corne, pr~f~ts, issues ard revenues from whetever
sc~.ce derived, eath and every of wiuch, it be~r.g express!y undersfood, ~s F:ereby morrgag~d as spec~l~caily set forth and desu~bed in the 9rannng a~~d
i„bendum c:a~ses herrof, and such Receiver shjli have a!I the broad and eifetrive funcr e~~s and po.+e~s in anyw~se entrusted by a Court to a Receiver, and
s.. ch appointment sF.all be ~r.ade by svch Court a: an ad ~urr~d equ~ty and a~~a~ter of a6sotute rlght to said MORiGAGEE, and w~ihout reference to the
a-+.eyuacy or inadequacy of tF.e value of the property mortgaged or to she so..ency o~ ~nso,v~ncy of sa~d MORTGAGUR or the defe~}dar.ts, and th3t such
re~rs, prof~ts, intome, iswes and revenues shail be appiied by wch Recriver actord,rg to the lien or equity of se~d MURTGAGEE ar,d the prauece o£ s~ch '
Cow:.
8. To d~ty, promptly and fuily perform, discharge, ezecute, effett, com.piete, co~~piy w+th and ab~de by each and every the stipu:arions, a9reer.ieros,
,cnditioos and covenanta ~n sa~d pro:n~ssory nete and ih s mer+yage set forth.
9. That in the event the owne~ship oi the mortgaged prem~ses, or any pan tnereof, 6ecomes vested in a person other !han the MORTGAGOR, the
:'~RTGAGEE, its successors a~d ass~grs, may, wisnoW norice to the :410RTGApR, deel wrth 5u:h s~ccessor or successor in ir.terest with refrrence to ih~s
o•tgage and the debt her•_by srcured in tne same mar:ner as vrTh tdo:r~a~o: ~:nhovt in any way vit,ating a d:stharg~ng the ldcrtyagori Iiab~ldy he~e-
~~~oer or ~pon the debt hereoy securad. No saie of the Fre-r.~ses hareby mortgaged rr.d no for~eara~ce on !he pa~t of the ~dORTGAGEE or its successors
,;r assigns and no exaens~on o! the tl ne for the payreent of tF.e drbt h->reLy secu~ed given by the MORTGAGEE or its s~ccessws ot assigns, a~iall operate
:o re~ease, d~scharge, modify change o~ affect the orig~nal Iia~kE:ty of the MORTGAGOR herein, either in whole or in par1.
10. N is s~rc~fica;iy rg.erd ~hat t~me is of the essence of th~s contract and that ~o waive~ of any ob~~ga~~on hereonder or ot the obtigation se-
c.;:ed hereby shai~ at any ti~-~e the~eafter be held to be a x•eire~ of the terms hereof or of the instrument secured herby.
1 i. In ,~dd :;o :•o the forege ~+g r* c~~~~~'y pay~n_n~s oi prirc ~a~ and inr:~r~sr requ~:ed by the p-om ssery r.c~c secured her._b~, mortgagor cover.ants
d agrces ro pay to ,nctgagee r+:th each rnoc+~h y pa~~ .ent ar. add:~:ona! sum ~z!-r ared by mortg~gee to be eq,;ai to 1 12 of t:r_ anncai cost of ihe foliow-
A-Af! +ea! F'.rope:'y ta.r; le,~~~ or asses~:ci ~y+:•st t1:.- a'r:~ve des~r~?.rd rea; es'ate. _
; B--Pr~~r*:iu~-~s on fire and vfindsrorn: insv'a~ ce as ii•~rr~n req~ red to be tarri~ d en the lmproveme~ts s:'~~te on tiia above d_sc'~bed prern~ses.
t C-Pre~niu~r•s on such rro:tg;ge g~ara.^.ty ~r.s~:~a~ ~e as ~no•tyagee sha~l Jrc~^ ~ r,e to ti~~e deem f~t to carry on the !oan v ccred 'nereoy.
j hlortgage< sha:~ !*om t~me to i~: e notlf; mertgager in nrr;t~ng of thr a•:.o~nt d~_ and payab!e hereundrr and such wm shalt th~reupon be doe and
E :,.able on r~ cive oar~ ci Th~ next nonth:y pay*•cnt and e~ch successive rncn~h ti:ereaS!:r ur.til mortgagee shall nor,fy rt~ortyagor of a change in such
! ~~nt. $ h sums s1~a:I br apt:i~ed y mo _ ,+a~d ti:e pa~m.ent of real pro{;erty taxes, inwrance P~eT..UtT~S, e:ld ~rortgage gua~anty insurer.ce
i .
:~~-erniums.
` / ~VITNES Y/ _ OF the RTGAG R has h~re~nto set n~s hor.d and seaf the day and year first aferesa~d.
'gned 1 a li er ~ ese ce of:
i
L' c.sL!• Sesl)
~ '
~ - _ ' ('.harl es .T _ i (Sea?)
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~ C ~ ' ~'C~' ~ --.~~'!'T~-t; : ~ ~i ~ ~ (Seal)
~ Fl nrnnn n M C f-~~~~~ (Seal)
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~ STATE OF ~Qi~i~ .Gt `'Q-~-~~
~GUNiY OF _ L ~I - (
~ ~ ~
a
~ 6efore me personaliy appeared - ~~1RT'LPS _T_ ~tg~ l~C~ SY` and
~ _ '~O~eAC~ M. Stallinas his wiie, to me well known and known to me to be
~ •~.e individuais described in and who executed th~ forego~ng instrument, and acknowledged before me that they executed the same for the purposes
~s rF~~.ein expressed. And the s3~d__ _ 1 or _nee M. ~ 8~ ~ l T1gR _
~:~fe of the said _ ~ upon a separate and private
~ e•.am~nanon by me taken separate and apart from her said hUSband, a nowledged to and before me that she executed said instr ;~~j~~/q~jr aod volw~-
= rr~ly and w~tho~t any compuis~on, constra~nt, apprehens;on, or fear of or from her said husband. ~ '
~ WITNESS my hand and offic~ai seal this_ ____s~ S-i~-'~ day of ~CtOb . "~•A.`t71.19~[~.
• ~ i ,
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- ~ ct.-~ - : ~ • '
--Z--bT-.
otary Public in and for the S:ate~Df rarq,e ~
' • i~ My Comm~ssion ex{
~ire : : `'~d``'~~'~' . .
= Retum To: , ~ y ~'Q / ~ . ~ : t ~ 1 ~tJ [u .
- First Federal Savings d loan Asscciat~on ' ~ - ~ - ' _ y~ ~„~A ~ ~ ~ • ~
. SS~-~ r~ i~ - J ~~~"`~j' ~ ~ L~l
- Of :071 P.cr_= - . .
;:5 ~orf P;.~rcr, F,cr~d3 ~ t...
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F~~Ec ~.v:. ~:.coaoEO
r; This Instrument Prepared By J. H. Roberts, Jr. ,,pUNT`1 F~A•
" First Federal Savings 8~ loan Association S1~ RG =+C~ F~' aA'
~`i : . " ~0~lqj ~
of Fort Pierce Florida ~~t"` "t.
~ r-.:,~}R~ ~ - i i:
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Checked By I~ 33 pM
- f~ R OCT Z~J
~=ti ~~~K 2~0 ?aCE 415 2ss9o1
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