HomeMy WebLinkAbout2586 3. To place and co~~~~nuousty AE2p on the bu~.'d~~:~s now or hereaher a:rLete on sa~d ~and and on alt eq~ipmenl and personally cove~ed by th~s mo~tg-
sge, wnh aii prem~~ms Ihc~.•on ~,a:d ~n Tut~, (u~~ ~::s..:.•::c (n t~c vs_a'. s~a~~~+~•~! }._I+!y ie~m, in ??um a4P~oved by ?he MORiGAGEE, ai~d w~nds~oim
insurente in the usual standord po:.cy form, in a wm a~.pro.ed by ~he MORTGAGfE, in wch tompan~ or companies ss the 1d02IGAlitE may
d~~ecf; a~d all (i~e end w~nds~orm inswance poGc~es on any oi sa~d bu~ld~ngs, any interesi ~herein or pan tfiereof, in ~he a99~ega~e s~m aloresa~d or
in excess Ihereoi, shall contain the ~sual sta~ldard mortgagee clause or s~ch o~her Nause as ~he Mortgagee may requ.re, maMing the ~oss unde~ sa~d poli-
cies, each and every, paYab'e to sa~d AAORTGAGEE as ~ts intearst msy appear, and each and eve~y such poiicy shatl be p~ompUy ass gnrd and de,iva~ed ~o
any held by sa~d MORIGAGEE as further security to said mor~gage debt, and, not less then ten (10) day in ad+ance of the exp~ra~ion of each policy, to da
1;ver to said h10RiGAGEE a ~enewal thereof, together wnh s rece~pt !or thc pranuum o( such renewal; and thero sh~11 be no fire or windstorm inwrance
placed on any of sa~d buildu~gs, any intereat thereio a par~ ihareoi, untess in the form and wi~h ~he Iou paya6le as aloreaaid; and in the event any sum
of money becornes paya~le ~nder such poiicy w poGues sa~d MpRTGAGEE shatl have ~he op~~on ~o ~ecu~ve and appty the same an accoune of ~he i~~ebied-
ness secured hereby or to perm~t ~a~d MORIGAGORS to rece~va and ~se it or any por~ tl,e:rof ior o:n•:r purf~csrs, .•.nhc~t ~h_~~ ur ~3 ;;r ~„p„~.-
in9 any eqv~ty, I~en w r~yht ~nder w by virlue of this mortgage; and in the event sa~d MORTGAGORS shall for any reason fail to keep ~hc sa~d pre~n~s°s so
insured, pt fail to de:ive~ promptly a~y of said pofCies o1 inswance fo sa~d MORTGAGEE, ot fatl prompf{y to pDy fuily any premwm therefor o~ in a~y
~espect fail to rcvform, d~scharge, execute, eftect, comptete, ca.nply wiih and ab~de by th~s cove~ant, o~ any part hereof, said MORiGAGEE may p~ace a~~d
pay iw such insurance o~ any par~ thereof withoul waiving w affeuirx~ any option, lien, equity, oi nght under w by virtue of this Morrgage, ard ~he
fc,tl arnount of each and every such payment shstl be ~mmediately due and payable and shall bear interes~ from the date thereoF unfil pa~d a~ the rate of
mne per ceroum pe~ annu~n end to~rther with such i~~rerest shali be secured by Ihe lien ot this mwlgage.
1. To permit, tommit or suf{er no waste, impairment or deterioration of said p~operty ot any part thereof. •
5. To pay all and singular the costs, tharges and expe~~ses, inci~ding a reasonabte atto~ney's fee and costs of abstract~ of titte, incurred or paid at
any t;me by said MORiGAG:E, because w in the event of the fa~iure on the part of the said MORTGAGOR to duty, pron,p~ly and fully perfwm, d~icharge.
execute, effecl, complete, comply w~~h and ab:de by each and every the ~tipu~at~ons, agreements, tonditions, and covenants of sa~d promissory ~ote and this
mortgage any or e~~her, and sa:d cosrs, charges and expenses, each and every, shall be immedia~ely due and payable; whc~her w nm ehe~e be no~~ce da
mand, attempl to collect or s~it pe~dng; and the full amount of each and every such paymenl shall bear iroeres~ f~om the date thereol uNil paid at the
r,~e of n;ne pe~ centum F.rr ar.num; and aU said costs, charges and ex;.enses incurred w peid, together w~th such inte~est, shal) be secured by the lien oi this
mottgage.
6. That (e) i~ the event of any breach of ?his Matgage or default o~ the part of the MORTGAGpR, or (b) in the evenf any of said sums of money
herein referred to be not promptly and fuiiy paid within thirty ~30) dayf next af~er the sa~ne seve~atly becan.e due and-payable, wi+hou~ demend or noiice,
or (c) in tbe event each and every fhe stipulaUuns, ag~eements, cond~tions and covenants o} sa.d promissory note and th~s mortgage any w either are no1
~uly, prompNy and fuliy pe.fwmc~d, d:scharged, executed, eifeceed, completed, complled whh and ab~ded by, ~hen in e~sher or any such eveM the sa~d ag-
gregate sum mentionecf in said promissory nore then re~naining urtpaid, with interesl acuued, and a11 moneys secured hereby, ahall become dve and pay-
able forlhwith, ~r thereafter, at the opsion of said MORTGAGEE, as'fully arx! completely as if all of ihe said sums of money were or~ginally s~~pula~ed
to be pa;d on such dey, anyth~ng in na:d p~om~ssay note or in this Mafgage to the connary norwirhsrand~ng; and thereupon o~ thereafter at the op~~on of
Sa~O NIVKIIiA(~EE, wUnOUT nOf~ce or ur+nenv, w~i a~ ~ow n; c~u.: ~ - - - ~ ~.•r~.1 :f ,.11 m(snevf secUrlwl hprebV
Y l. ::.t..:::.:~ _'j':~, i~, . . .
n~d mawred prior to ~ts instit~i~on.
7. lhat in the event that at the beginn~rg of or at any time pending any su~t ~pon this hlortgage, or to fweclose if, ar to refo~m it, o? to enfo~ce
paynenr of any claims he~eunder, said MORTGAGEE shall apply to the Court hav~rg ~urisdlct~on thereof for the appointment of a Receiver, su2h Cwrt shall
forthwirh apHroiM a receiver of sa~d mortgaged property ail and sing~lar, includ~ng aIl and singular the income, prof~ts, iss~es and revenues from whatever
scurce de~ived, each and every of wh:ch, it be~ng expressly unders~ood, is hereby mo~rgaged as.•i}+speuiically set (orth and described in the granring and
habendum cla~ses hereof, and su<h Receiver shatl have all the broad and ef(ective funcs:ons and powers in anywise entrusted by a Cou~t to a Receiver, and
s:,ch apFointment shall be made by such Court as an admitted equ~ty and a mattt? of abso(ute tight to said MpRTGAGfE, and wirhoW ~e~erence to the
aciequacy w inadequacy of the value oi the property mortgaged or to rhe sotvCn~y' or insotvency ol said MORTGAGOR or the defendants, and rhat such
rerns. profits, income, issves and revenues sha{t be app~~ed by such Receiver acco:ding to the lien o~ equity of said MORTGAGEE and the practice of suth
Courf.
8. io dvly, prompr)y and fu1ly perform, d~scharge, execute, effect, complete, comply w~th and abide by each and every ihe atipulations, agreements,
conditions and covenants ~n said promissory note and this martgage set forth.
9. That in the event the ow~eership of the mortgaged premnes, or any part thcreof, becomes vested in a person other tAan the MORiGQGOR, the
r'.~,RiGAGEE, its successars and ass~gns, may, wirhou+ Rordce to the l.~ORTGAO4, deai w~th such successor w successar in interest with :eference to thi~
n'o-lgage and fhe debt hereby secu:ed in the same manner as with Nlortgago. witfiout in any way vitiating w d~scharging the Mortgagori liability here-
:^d^r e. ~_~~+r± eh.. ri~h~ ti...oHy e~~~~...d Nn aale of the e.emises iarebv mortqaqed and no forbearance on the part oi the N10RTGAGEE or i1s sutcesson
or assigns and no extension of the time for the payment of the debt here6y secured g~ven by the MORTGAGEE or its sutcessors or ass~gns, a~ia~i operate
io release, d~scharge, modify change or af(ect the origlnal liab:i~ty of the M.ORiGAGOR herein, either in whole or in part.
10. H is specificaliy agreed that time is o( the es:ence of this comrau and tFat no waiver oi any obGgatlon hereunder or of the obligaYan se-
cwed hereby shall at any rime thereafter be held to be a waiver oi the terms hereoi w of the instrument secured herby.
11. In acid.t~o~ to the ferego ~g .nonth'y paymants of pr~nc pa! and inte~est requ~red by the prom:ssory no!e secured hereb~r, mortgagor tovenants
a~ d agrees to pey to r:ortgagee •aith each moruh!y payrnent an add~r~onal wm esr;mated by mortgagee to be eq~al to 1 j 12 of the annuat cost oi the follow-
n,:3:
A-AU reai ~,roperty ta:es levie~ or assessed agai•~st thc a6ove descrihed real esta~e.
B--Pn_miums en f~re and viir.dsto•m inw~ar.ce as i~ere;n requ;red to be ca~~ied on the :mprovements s~tuate on the above described premises.
C-Prem~umS o~ such mortg~ge gvaranty insurar.ce as mo~rgagee shail f.oT t:me to ~~me deem fit to carry on the toan secured hereby.
/~1o~tgagee sF.a;i frum time to time notify matgagor in wrir~ng a! the am.ounr due and payable hereunde~ and wch sum shai! thereupon be due and
; arable on the due date of the next mOnlFi;y pay~rent and each successive momh thereafter ur~til mortgagee shall notify mortgagor of a change.in such
~•.ou~t. Such sums shall be app~~ed by mcrtgag~e tov.ard the payment of reat property taxes, insurance prem,ums, and mortgage guaranty insurance
o~emiums.
IN YaITNESS Y~HEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. .
ned, 5ea1 and liv in the presence of: a f ~
- f~ 4SG y`_'" ' Seal)
~
- ~Seal)
- - (Seal)
- - . (Seal)
' Siiaif OF FLORIDA ~
I
~~~UNTY OF 5t . L:UC.iC' ~
1
~ Before me personalty appea~ed `'•~i l Un Juar.ita ;,c,e~~vi:. , ?~,~~/'t'~ Juanita `v~C.'C~SYlfl ~
~ a S I n 3 Z c' cl C~U ~ t to me well known and known to me to be
~ !he individvat described in and who executed the forego+ng instrumtnt, and ackrtowledged betore me thatshe eaecuted the same for the purposes
rherein expressed. ~(~!1-`ri~~s7id~ '
` ~~S~r~~a~jc~x~axex xh~s;~~acx~a-~ w~axxea~eaoac~:oet~cma ~
~a~~G ' eK?i~la~i]ikKliKl6~E~iNs#~4)6ik1a?i~sfQfi~bKiYr3Q~cYu1~J~id4bGJ: ~
taticy:ti~3.~GsXotittia~iy?',26a:~t,K;~~i~i~+lr~i,~?~eDie?is?61; ~b?tA6a`i~6D+'~r-`f.~ s~b"~~1abr?"d.
; WITNESS my hand and offic:at seal thiL ~th day of ~o~•er~ber a p 19 j 3
~ - ,
~ 'O.~ ti11L t lilti~ F "
Notary u lic in end fw the/State of Fbri N~~~~l/~
E Retum To: My Commission expir~: ~ ,.``,~~~~(Z S ~~~'jf,,'
f t ' •i
Firu Federal Savinga 3 loan Association ~ ~ ` ~ ~ - . ~
~
; Of Fort P.e•te, t~l~;~.IG.: iHTE a! Ftl`J~u~l Ci~-~~ ~ .-y Z
= fort Pierce. F:cr~d~ i:,,;h~MlSSiON ExYtR:.~ ~di'j %~~~7T~~ , '
`t • ' ` . _ , -
~.,n~eu E3Y ~-n6(kan n~,1~~~EUI~e L~
; G1, i •i V~
~ This Instrument Prepared By iZic'haz:? Ka~=~~s ~ -•'FV`~~
; First Federai Savings & loan Association .3 r/. r'"~
' of Fort Pierce ~ t~l~ri;~t~ f~~~ =y~ --ti,,3~ED ~'~r'~r:. '
f ~ $1.1.UG~i .:U13MiY fU-
Checked By Rt,`'`. • :J~: ~OLRT .~lt ~j •
ct~E~,. ' r ~r~~s
r. s r r:. - r,_ i'
~ ~a~~Z20 FA~E25~c2 Hor y oa AK'i3
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