HomeMy WebLinkAbout0676 3. To pace and conn:~;;o..siy keep on fi~e Lu~l;f~r.~s ncw or h~rrahe~ a:~~~te on nid tand and cn a~l eq:,'ry:+i,~nr ar.d persona!iy co.e~cd by ~h~s mor~g-
ege, w:~h a!1 pren,~;,ms ihr~eon p~ d~n luil, Lre ins..~e-._ ~n che us~,! sran~,,rd po:~cy form, in a sum aHy~o+.:d by the h'~GR C,:.G`.E. a~:d w.~~ds~onn
~~surance in tha ~sual S~andard po:.cy toim, in a su:n apF:rorrd by ihe A1~7R1GAGEE, in such con,Nany cr ccn:;:an:es a! the r:,p21GAGEE ~~~ay
di~ett; and all iire and w:rdstorm insvra~te ~!~c.es on any of sald bu~ld~nqs, any in~e~est thc~cin o~ Narr ~hereof, in the agg~rge~e s~+n aforesa~d or
in excess fhe~eof, shaA :onr;,in ~he ~su.,' sea.~dard n,ong~gre c~~usa or s~ch o~her c~ause as thr fNor~gayee may ~ry~•~e, .~,.;x::.~ iht ~css .,nJr~ •~~d po'i-
c;es, each and every, pa~a:.'e +o sa~d !.1JRiGAGEE as !~s ;nterast rnay appear, a~~d each and eve~y ivch po~~cy ahaU br pro~~~pt~y ass gnrd snd detirrred ro
any held by sa~d hAOR!GAGEf as Iv~ther s~c~nry ~o sa~d ,r.o:tga3e dabr. and, not :ess ~han ren (10) d~ys in jd.ance oi the e~p~ret~on of each po~~cy, to de-
t~ver ~o sa~d MOR7GAGi: a ienewoi ~heriof, foge~her wiih a rice~pt for Ihr premwm of iuch rene~nal; and there a1w11 be no f.re o~ w:~~~isio~~n i~,s~~ancr
placed on any of said bui~d~ngs, a~y in~erest therem or part therrof, ~n!ess in rhe form snd v~i~h rhe ~osa paysb!e as aforeseid; end in Ihe evcnl any sum
of money becomes pa~alde undrr s~ch pol:cy or po!~cies sa~d IV~,OpTGAGEE sh-,II have fhe opt,on to rrc~•~ve ard app!y Ihe same on accovm o( ~ht ind~tfr~-
nas: sew~ed har~by or ro p•~r~n~t s~:d `.tJRTGAGORS ~o rec~•~~c a~~d use it or .;n j part u~errot to. o:~~~ r F. ; ~ t.~:•, ~
u~ ~.:se•s. ::ti,~;,,. F r
ing any equ~ry, l:en ur r;3hr vnder or b~ virt~i of ~h~s ~r.crrtJ39Nj ar,J in t?~e ev,.~nt sa d htORTGAGORS shaH (or any rcason fait to kcrp ~hr sald premis ~s so
inawed, O~ ~ad to de::~.e~ promplly dny Of S~id poGcits of ~niuta:~te to sa~d MORTGAGEE, or +JII promp!iy t0 pay lu.ly dnt prr~~~~:wn th~r~•fGt ot fn any
respect (ail ro perlo~ni, J~siha~ye. ex~c~~r, effect, co,npl~rr, co~~ply wrirh and ab~de by rh+s covenant, or any p,rt hereof, sa~ci MliRi'v%+GtE niay p:ac•• a• a
~ay fo~ s~ch inwrance or eny part ihcreof w;t~o~t waiving or offecting any option, lien, equ~ty, or nght unde~ o~ by wrrue of th~s h!orrya~e, and thc
full amount of each and e.e~y such pay~nem shall be ~n:+neJiately due and payable snd shail brar interest trom ~ha dare nc~rcof untii ~a~d ar ~he ra:e of
rune per cer~wm pe~ a~murn ontj t07r1h:i with S~ch int:~~i-st shaii :ie S~•cured by the G!n O+ ~h~s mortgage.
4. To Fe~mit, com~,~t or suifer no waste, i~npairn~cnr or deteriordtion of sa~d property or any part ihereof.
5. To pay all and sir.gvlar the cosrs, charges ard expenaes, ~nciudin9 a reasonable aftwney's fee and costs of abstrads of title, incurred or pa~d at
any time 6y sa~d MORTGAGfE, tsecavse o~ in ~he e~re~t oi tha iaJure on ~he part of thr said MORTGAGOR to d..~y, pr.:.::,;t', ^~~ie•m, d~acharge
-xe<ute, etfea, cu~np;rte, co~np!y w~ih and ab de by each and every the stip~iat~ons, ayreemenes, cor,ditions, ar.d covenants of sa~d pra~f~ssory note and in~s
.»ortqage any or e~ther, ai:d sa.d cesrs, charges and expenses, each and every, shall be immed~ately due and payab:e; whether a not there be ~or~ce dr
martd, attempl to coli¢~t or suA pend~ng; and the iui! amo~nt of each and eYery svch payment sha11 bear ir~~res~ trpm the datC thereof umil paid at Iht
r~te of n~ne cer c<nt~:~re ,.c~ ai;~w:n; ana: a!~ said :os13, charg~s an3 cx;,enses int~~rc~t! w pa~d, together wuh suCh inreceSL Shaii ue srco~r.i Ly iht !i_^ o( th~s
mortgage.
6. Tha1 !a) in the eveM of a~y breach o1 this hto:tgage or default on the pa~t of rhe MORTG~GOR, or ~b) in the eveni any of sa:d sums of money
herein referred to be not promp~ly and fu~ly paid v:~rhin th,rty ~3U) day: nexi a:tar the same severe:iy become d~e and payabte, wnhou~ den,and o~ norice,
or (c) in thr evenf each a,:d evary the stipu;ations, agreements, condinons and covenants of sa d promissory notz and th~s mortgage any or eithe~ are not
~u:y, promprly and fvily ~erlo~~ned, d scha•g~:d, exrcured, eifected, comp;eted, comp;:ed v+rth and ab~ded 5y, ~hen in elther w any wch event the sa~d ag
~r~gate sum mzn:;oned in sa~d pron~Issory no'e ~hen remaining unpa~d, with ~nte~e;i accrued, end at{ ;noneys sewred hereby, shalf betome due and pay-
eoiz forth~v~th, or if,erea?re., at the opnon ot sa~d htORTGAG~E, as fuNy a~x! comp:e~ely as if all oi thr said sums of'money wero or~gmelly st,putated
to be pa:d on such day, anyth~n~ ;n sa.d prom:ssory nore or in th~s Mortgage to tne co~~trary notavirnstand~:ig; and +hereupon or thereafter at ~he opi~on of
sa d MORiGAGEE, w~~hout ror~ce or demand, suit at law or in equ~ty, therefere or tnerea(rer begun, n:ay be prosecvted aa if a!! moneya secured hereby
n,d matured pncr lo ~ts ins~~;,,t~on.
7_ That in the e~ent that at :he Eeyinn~ng of or at any r~~ne pend~~~g any suit uport th~s Mortgage, or to forecSose it, or ro re~crm it, or to enforce
payment of any c~a~ms hz.e~nde., sa~d I'SpRi;,AvEE sF~a'I app'y to the Cou+t having jurisd;ct~on thereof fo~ the appomrment of a Rec>~ve~, such Coa.t shai:
Forthwirh appo;nt a receive~ of ss~d R~orrgay~d pfopere,r a~i and singu~ar, ~nclud:ng al~ and s~ng~iar the ~n~ome, prof~fs, issues and revenues from whete~er
so~:ce de~~vrd, each and every of Lvh,ch, ~t be~ng exFue;s:y understucd, is F.ereby morigaged as if spec~f,~aliy set forth a~d desulbed in the grans~ng and
ha5endum c"auses hcr~of, ar.d s~.:h Receiver sha~~ have a+i tne b~aad and efirctive fun~t~ons and powers +n anyw~se entrusted by a Court to a Rec~iver, a~d
s_ch appointmen+ shjli be r.~3de by such Cowt as an ad,n;ttrd eqwty and a melter of abso~ute right to said MORTGAGEE, and withcut ~eterence to the
adeq~>cy or inadeqvac~ of the value of the property mortgaged ar to the so.~_ncy or ,nso:vency of sa~d MORiGAGOR or the defendanrs, a•:d rhat such
re~ts, profits, income, issves and revenues shali be appued by wch Receiver accord,ng to the Gen or equity of sa~d IdORTGAGEE ar.d the practite of Such
Court.
8. To duly, prompt;y and fuUy perform, d~scharge, execute, effect, complete, comply w~~h and a5ide by each and every the stip~far.ons, agreements,
cond~tions and covenan~s ~n s,-cf premissory r.ore and th:s morryage set fo~th.
9. Thar irt the event the ownership ot the mortgaged premises, or a,iy part fi,ereof, becomes vested in a person other than the MORTGAGOR, tfie
'.:ORTGAGEE, its successors ard ass~gn:, may, wrthou~ no~;ce to the A'.ORTGAOR, deal wnh such wccesso~ o~ successor irt interzst wi~h reference to th~s
n.o•tgage and the d_-ot ~.~reby secured in the same mannet as w+th /'Iwrg~~or w+.hout in any way vitlating or d~scharging ihe /J1ort9agori lidbifity he.~
undrr or upon the debr t,~re6~ socur~d. No saie of ihe FrEnuses h~reby mo~lgaged ar.d no forbearance on the part of the ?AORTGAGEE or its successoro
or ass~gns a~~ai ewoe,:s:;,: t!:: 'v-•=• ~F•^ .~••^~P~r ~.f rha i>t,e secwe~ grven by the ldORTGAGEE or its successors or ass;gns, a;iali o~erate
ro re+ease, d:scharge, modify ~hange or a4iect the~original liau:irty of the MCRTGAGOR herein, either in whole or in part.
10. It is spec;f~ca:~y agreed that nme ~s of tF:e essence uf ~h~s comrac~ and that no waiver of any ob~~gat~on hereunder or of the obligation so-
cured hereby shalf at any ume thereafler be hetd to be a wa~ver of tfie terms hereof or of the instrument sewred he~by.
i 11. In add.r[c~ ro the ioreye ng +ro~th!y pay~r_nis of p~e:,c paI and intrrest reqo~red by rhe prom;ssary no'e secwed h._~ebi, mo~~gagor covenants
s~:d agr~es :o ;:.~y ro r:ortgagce v.~+i~ ~-ach r.~.cr~r?~,p H~,~ ,E„t ar, an;l,rional w~n est~, a!ed b~ mortgagee to be equai to 1;' 12 of ti~e amwal cost of the fol{o+v-
~n~:
~ A-All real property ta.a~s lev~.~d or assessed ay36~st the aFo•:e described rea~ estate.
~ 8 Fr_n.;~~ns ~n fr.~ ar:d wir.tis:u:::. -.~_.rc~ nn rhe :m~:rovements srtuate on the above d:scribed premises.
! C-Prr~ni:,:r s o~ s:,ch v-crtgage gvaranr~ :csu.a~ c_ ds mo~tya,ee siia~t 'rc~n t me to :imc deem fit to carry on the loan secured hereby.
I Mo:tgagee s~n i f~orte tin:c to t~r,Q ncrify ~ncr~.agor in wr~t~ng oi :he arr.ount dve and payab!e hereundrr and auch surn sha{{ thereupon be due and
;.ayable on tha d~e dzte of rh= rrv•xt aionth:~ c.,y~r.~nt and each s.,.cess~ve ~o~:rt: tF:ereaft_r ur.ti! nerrpagee sha!1 not;iy ,.w:~yoy~r c`. ~~_~ge in w.h
~-.o~nt_ Such s~:ns s' a•i be a~p.~ed by mortgay•re ro„a~d the payn e~~t oi reai Fro~,erty taxes, insura~ice prem:ums, a~id mortgage guaranty insurarce
i :remiums. -
! IN V11TP1ES5 ':=HEREOF, the sa~d MQitTGAGOR has h~reu^to se! h~s h~r.d and seal the day and
~ year first aforesaid.
~ Signed, Sealqd a^d de'ive~ed in the resence of:
E _ ~ `
i - ~ ' ' ($Ea~)
~ ' (Sedl)
( - (Seal)
i
f (5eat)
> '
I S~ATE OF fLORIDA
; ~
~ couNrv oF St . Lucie ~
5 '
! 8eiore me personat~y appeared r~1tC;1t?11 L Gleveland
and
't
~ ~ ~dI1CjdCe ~levela?nd h~s wife, to me weil known and known to me to be
E the individua!s described in and who executed the fore oing instrument, and acknowledged before me that they executed the same for the purposes
~ rherein expreased. And tne sald_-_________ ~'`~n~`3~'~ ~iBV~land
; r+~fe of th. said ;~+itche~.l L,. Cleveland , opon a separate and private
e.am~nat;on by me taken separate ar.d apart irom her sa~d husband, acknowtedged to and before me that she execured said instwmem freely ar.d volun-
+ ~•~(y and w~thout any co~~puls~on, constrair.t, apprehens: n, or ar of or from her said husband.
i
; tiYITNESS my hand ard off~c~al seal thls----:~~-__~ day or__ October A. D. 19 73
~
- t~-~ '~1.si ~ ~
Notary Public in and,lor the Srafe of fiorida nt Large
- My Comm~ssion expiies:
_ Rervrn To: . > ~ ;
Fint Federal $avings a loan Asscciat.on ~ ~ ~ _ •,.e'~''i'~!"
` Of ~ort Pt:ce. ~ •
' \OTARY P{~gLIC. STATE ct fLCRID:. • , ~ ~
! fort G~_rce. Fl;;r;di , ~ E ~ -
b;Y COfd'.',ISStC : EX~iRES .ii+d~ 1 G
~ t:ar~ed Hy .4mer~car, ~ankers :insur~ . _ -
= _ i . ~ ' -
i ' -1 ~
~ ~ • + • tv ~ ~
~ This Instrument Prepared By Richarci K. Kayesf~lEOAYD?'.zCOROED
+ First Federal Sav~ngs & loan Association ST. LUC3E CdUNTY FLA.
~ of Fort Pierce ~i~rida FOLEF ~~STRAS ~ S7A~"
' CLE`tt '+?~;;'T COURT '
; ~ nr-n ;
~ v_~if::~
3 Checked By'~ -
t a O~t [6 4 Z9 PM'73
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