HomeMy WebLinkAbout2884 3. io place and co~tinuousfy keep on the :.u~'dmys now or herrafter ~ltvete on so:d land and on all ryu~p~»rM a~:d per~onaiiy core~ed uy ~his ~uu~ty-
~ge, wifh all prami~n:s Ihereon pe.d in iu!1, tur ~ns..rancr ~n the us~al stendord po~~ty fo~~+, in a sum apy~ovcd by thr h1UR:v~GEf, a~+d w~~~d'a~crm
in~wance in Ihe usual ~tandard pol.cy fwm, in a wm ap{.roYed Ly ~M MORTGAGEE, in such co~npany or compa~,es a~ the b1pR?GAGEE may
duecr; and all fire and w:nelsto~m inswonce pot~ues on aoy of aa~d bvild~~~s, ~ny interest therein or part thnrrof, in Ihe agg~egate s~m aiaeaaid or
In extess ~hereof, shaU ;ontain the usual s~andard mortgayee tiauu or such Other cl~use as the Mo~lyagee may reyv~ro, maling the ~oss ~nJe~ s~~d po~r
cies, each end every, paya5te to said AtORiGAGEE as ~ts inee~est may appaar, ond each and eve~y such po~:cy shall I~e promytiy ass y~~rd e~~d de.~vr~rd ro
•ny held by seid MORfGAGEE as f~~Iher srcvriry to said mortgage dab~, and, not less than ten (10) days in aJvance ol the expira~~on ol eech pol~cy, to de-
liver /o seid MORiGAGEE a re~~ewal thereof, toge~her wnh a rece~p~ for thc premium o1 wch renewal; and ~hrrr shail be Yw i,re'or wu~duo~~n insurance
placed on any of ss~d b~iidings, e~y interett therein w par~ ti~ereoF, u~Iess in tFx farm and with the lo» payab!e at afo~esaid; a~d in the rvenl any sum
01 money becomes p~yabie under s~.h policy or•polKies »id MORTGAGEE shall have thr opt~on to receive a~,d app!y fhe sa~ne on atcount of the inJ~hr~•J•
ness aew~ed hereby or ~o permit sa~d MOR)GAGORS to rerrive end use it or any Narl ~h.-:rof ic~ o:m•r pur~ ~us, v.nn.,,t ih c •+.p~~~-
ing any eq~ity, Gen w rigR~ under or k~y virrue of ~his aec:~yage; a~+d in ~he event ta~d MORTGAGORS shall fo~ any reason iail to kcep the sa~d prem~s,•s ao
insured, or fail to de~iver p~ompdy any of sa~d ~~oLci~s of mswance to sa~d MORIGAGEE, or fa~1 p:ompNy ?o pay fuily any pr,:~n~u~n ther~fcr or in any
respect fai! to perform, d~sthar9e, exec~te, effect, con,p~etr, comply with end a5~de by this covenant, w any pa~~ hrreof, s+~d MliRi;~AGEE may p~ace a~o ;
pay fw such inaurence or any par~ t;,ereo} w~~hout waiving w affecting any op~ion, lien, equ~ty, or righ~ u.,der or by virrue of thls Moreg3qe, and ~he
1u11 amounr oi each and every suth payment shall be immed~attly due and payable ar~d shall bear imeresl from thp dat@ th~rcwf until pu~d at Ihe rate ot
nine per cenWm per annum and togrlhrr w~th such interest shaii be sewred by the lien of this mortgage.
io permil, comn,it or sufler no waste, impai~~nent o? deter~oration of aa~d prope~ty w any parl thereof.
S. To pay atl and tingula~ the costs, tharges and expenxs, induding a reasona6le attorney'a fee and costs of abstracts ot t~t!e, incuned or pa~d nt
any tim.e by said MORTfAG'.E, because a in the event of the feiiure on tne part ot ihe saed MORTGAGOR to duty, pro-npNy and i~~ly perlorm, d~scharge
execute, etfect, complete, comply w~~h and ab:de by eac6 and every the itipulatwns, agreements, conditions, and coveaants of sa~d promisaory note and th~s
mortga~e any or e~~her, and sa•d costs, charges and expenses, eacl+ and every, sFwll be immed~ately due and payable; whether or not there be not~ce de
mand, anempt ro cotiect or s~it pend~ng; and rhe (ull amount ot each and every such paymenr shall bear inferest from the date lherrol until paid af ?hc
rate oi nine per ccntum p~r o~u~,,:ir, en~' all aaid tusts, chergea end expenses ir~turred w paid, logether w~th suth mterrat, atal! be secwed by the~6en of th~f
mortgage.
6. That (a) in the event uf any breach of th~s Mortga9e w default on the part o( the AAORTGAGOR, or (b) in the event any of sa:d sums of money
herein referred ro be not promptly and fully paid within th~rty (30) days next after the same severa:ly become due and payable, witlw~t demand or notice.
or (c) in rha event eacA and eve~y the stiputat~ons, agreemeros, condit~ons and covenants of sa.d promissory note a~~d th~s mortgage any or ei~hrr are no1
~uty, promptly and f~lly performed, d:acharged, exec~~ed, effected, completed, complied w~th and ab~ded `ay, ~hen in eithe~ or any such event the sa:d ag
gregate sum mentioned in sa{d promissory note thcn remaining unpaid, with inte~est atuued, and atl moneys secured hereby, shall become due and pay-
eble to~thwith, o~ rhereafrcr, at rhe op!+on of sa~d MORTGAGEE, as fully and comple~ely as i1 all oi thr said svms of money were ongina~ly sr~putated
to be pa~d on such d~y, anyth~ng i~ sa:d prom:ssory note or in this Mwtgage to the conrrary notN~ihstand~ng; and thereupon o~ thereafter a~ the opr~on of
said MORTGAGEf, wrthout not~ce or demand, suit at law w in equity, therefore or therealter beyurt, may be prosecuted as if all moneys secured hereby
had marured pnw to ~ts ~nst~tution_
7. That in the evem that at the beginn~ng of or at any ?imc pending any suit upon this Mo:tgage, or to ~orectose i1, or fo refwm it, o? to enforce
paymen! o) any claims he~eunder, sa;d MORTGAGEE sha!I apply eo the Cou~~ having ~uriad~ction ~hereot for fhe appo~ntmem of a Receiver, such Covr~ shail
forthwirh appoint a receiver of said mortgagad property ali and singular, ind~,d~ng al! and si~~gula~ the income, prolus, issues and rrvenues from whatever
source drrived, each and every of which, it be~ng exprrssfy understood, is hereby mortqaged as if spec.lical:y sef forth and described in tha g~anting and
habendum da~ses hereof, and such Receiver sha~i have ail the b~oad and effeca~ve funcf.ons and powers in anyw~se emiuued by a Court to a Recei~er, a-~d
such appointmenl shall br rnade by such Ceurt as an admitred equ~ty and a matter oF absolute right to said MORTGAGEE, and w~nc~ut reiereMe to the
edequacy or inadequaty of the vat~e of the property mo~~gaged w to ~he sovr~cy or ~nso~venty of sa~d MORiGAGOR or the defendants, a~d ~hzt such '
ren~s, profifs, income, issues aad~evenues ahall be appt~ed by such Recewer accord:ng to the lien or equity of said MORTGAGEE and the proU;ce of such
Court. -
8. To du!y, prompt;y and fu!!y perlorm, discharge, exec~te, effect, c~mpfe!e, con,pty with and abide by each and every the st~pulations, agreeme~ts,
conditions and covenan!s m sa~d prom~ssory no:e and th:s mortgage set forth.
9. That in the rvent rhe owr.e~sh~p o! th? morrgaged prem~ses, or any part thereof, 6ecomes vested in a person other than the MORiGAGOR, the
MORTGAG:E, its sv:cessors and ass~gns, may, w~rhavt ~or~ce to rne MORTGAOR, deal w~th sucb successor a svcceswr ~r interest w~ih reference to tbis
mor~gage and the ~_~u~ hereby se:ured in the same manner as with Monyago~ wnhout in a~y way vit~ating or d~scharg~ng the Nlorrgagors' liabiiity here
under or upon she debt hereby secured. No sa!e oi the Fren,ises hereby mo~tgaged and no forbearance on the part of the /l~ORIGAGEE or irs sucteswrs
or ass~gns and :+o exter.sion of fhe time for ihs payrnent of the debt h~reby secured given by ~he MORTGAGEE or its successwa or oas:gns, aS~all operate
to re!ease, d:scharge, modify change or affect the origmal liab~t~ty of the MORTGAGOR herein, either in whola or in part.
10. It is speufically agreed that time is of the esser.ce of this cororad and that no warver of any obligat;on hereunder or of the o6figation se-
tured hereby shal: at an~ time thereafter be he:d to be a waiver oF ihe terms herevi a of the inst-ument secured herby.
l l. In acid.rion ~o the forege n9 month!y payments of princ'pal and interest requ~red by the prom~ssory nore secured heret+~, mortgagor covenanrs
a~d agrces to pay to r.iortgagee v.~th each monthiy payment an add~~ional sum es!~niated by mortgagee to be eq~ai to 1;`i2 of tne en~~uat cosl uf fi~c (u~ivw-
'ng:
A-AI! real prcperty taa~s lev~ed or aasessed ag.,i~,st the above desvibed real estate.
B Fr.n:~;,ms on fne and vm~r.dsto~m insurar.ce as here~n requ~red to be carried on the improvements s~tuate on the above d=su~bed premi:es.
C-Premiurns oo such mortg;ge gva~anty ir.sura~ ce as mortgagee shail fro~n tme to time deem fit to tarry on ihe losn sec~red bereby.
hlortg;gee shei( frcm nme to t~me nor~fy mcrrgagor in wr~t~ng of the amo~r~r due and payable hereunder and such sum shall thrreupon be due and
payab:e on the d~e date of ihe next monthty payment and each successive month thereafter until morlgagee shall notify mortgago~ of a change in such
amovnt. $uch sums sHa:i be appu~d by m.r.gagee toxard the payment of real prepeny faaes, insurance prem:ums, and mortgage guaranty inwrance
premiums.
IN YlITNESS Y:HEP.EOF, the sa~d I':10RTGAGCR has hereunto set his hand and sea~ rhe day and year first aforesaid.
~ ned, Sealed and delivered in the presence of_ ~
~ ~~Z ~ r i/T 1 l 1 s- ~1 p
~ ~
/ _ i~-,~;tt~8!?S~~` F~C k J. Uet 1BZ~ Jt . (5es)
t _ / . ~ ~i .i'. ~
- •qt=1f0~ (Seaq
~t~~f ~ y` Padd tler
, ~ ~ ~ (Seal)
STATE OF fLORIDA
COUNIY OF $t. Lucie ~ ~ 26~580
Before me personally aP~d,ed ~rank J. Guettler, .~1. and
_ Paddy Guettler his wife, to me well known and known to me to be
the individuais descr~bed in and who eaecured the f egoirtg strument, and acknowledged before me 1Fwt they executed the same for the purposes
Paddy ~uett`~er -
therein expressed. A~d the said_
wi~e of the sa;d _ F r ~ . ~ tt e= f Y.
upon a separete and private
exam~nation by me taken separate and apart from her id hus5and,''scknowtedged to and before me that she executed said instrument freely and vofun-
tarity and without any compulsion, cons~raint, appr htn ;,~r (ear af or from hec said husband. _
` ovember
WITNESS my har~d and offi:ia3 sea! th;s__ ~ da A. D_ 19-~
I ~ t '
~ ~r~ / ~ i
~
I Notary Public in and for the State of Fbrida at Large
. My Comm~ssion expires:
~eturn To:
Firsr Federa) Savings 3 Loan Associat;on
O~ ~cr! Pc:te. .
.f.~~hY tL"'i!C, ST',?E r' L:. :t:;'t. at i~li:,i
I~ ~on P,-rrce. Florid~ ~
I~ - • t~' ~I'•~.` .`i` .°i fK?(P~' ~ 1. I:Ji
'I . " ~';4d'~~'A~:~~' ~ i..:. , ~ ...:s...E l.1
v i
Gar F. Ellwaod~` ~ y 1~, -
This Instrument Prepared By Y _ _
First Federai Savings 8 toan Association -
of Fort Pierce ~ Florida ' ~u ~3 i.:
Checked By ' BODK ~
I ,
i
~ sb