HomeMy WebLinkAbout0161 3. To place and ioroi~;vo~s'r kcep on tiu o~~.:l.~:•)s norr or I:ercaiter s~t~ate on said land and on al~ eq~.~~p+,~ent and pe~sonatly covrrrd Uy thit ma~tg•
ege, w~th all prem~ums ~hrrcon p~~d m 1ui1, 1~rr ins~re~xe ~n ihe vsual srando~d po~~ty form, in a sum a4pio~ed by thr h10R.v:.GEE, and w~t~di~wm
~nsuronce in ihe ~sua~ srandard po:,<y toun, i~ a t~~n spproved by ths MORTGAGEf, i~ wth compa~y or compen~es as ~he h10kiGAGEE may
duett; and ail fue a~:d w~~~uawunn ~nsu+..+~:a p.::::.cs o: any of sa:d bui!d.rgs, eny inte~est ~he~c~n or l~a.? ~he~~ol, in ~he aggrrgaie sum a+oresa~d o~
in eacass thr~eof, sl~all cunt,~in the usual star.dxd mo:tgagee dause or such othe* clause as the Ma?yagee may reyu.ro, ma~~r~y tha tcss u~~der s,~J po~h
cies, each and every, p~y»!e to sa:d A1JRIGAGEE as rts interast may appeat, ard each and e:very such ~wt~ty sF~all tx promNtly ass g~~cd a~ d dc~ivetcd ~o
any hEld by seld htORiGAGiE as iunher szcw~ty to a~~d n~o+igage debt, and, not less ~han ten (10) days in adra~~ce of thr eApiration of each poHCy, to da
fve~ to said MORTGAGEE a re~~ewal thereof, roge~her wifh a r,;~e~p~ for thr premium oi such renewal; and ~hera shall be no f~re or v.~nds~u~m i~~svronce
placed on any o( said b~ild~ngs, any inte:esl ~herem a part Ihereof, unless in ~he iorm arx/ w~th the loss payabte as afo~esa~d; and in the e~enl any sum
of money beca»ea payabte o~~der auch po6cy w poGcies sa~J MORTGAGEE sh~ll have the opaon.to receivr and app!y the sa~ne on account of the n~d.:b?~d-
ness secured he~eby o~ fo permit sa~d MORiGAGORS to rece~ve and use it a any pil~t thr~eo+ lor o:n~~ y~~~ oir:, v.ai~,~:t thr..,, .r.~~.;
ing any eq~ny, Gen w ~igh! unde~ a by virtue of this ~no:'yage; and in the event sa d MORTGAGORS shall fw ariy reasu~ fa~l• to keep the sa~d prom~s>s so
insured. or fail ro deliver prwnptly any of sa~d po~~cies of inwronte to sa~d AI~ORTGAGFE, or faii p~on~Ntly to pay (u~ty any pr;:nuum the:refcv or in a~~y
respect fail to perform, d~scha~9e, execute, effeu, compte~r, comply wi~h and abide by th~s covenaM, o~ any pa~? hareol, s~,d MGRTGAGEE n~ay piace a~~d
aay for such inaurance or any pa~t Ihrreof wnhout waiving or afiec~ing any option, lien, equ~ty, or right under w b~ vir~ue of ~h~s Mortgage, a~d the -
full amount of each a~d e~ery s~ch payment sh.+ll be ~mmed~ately d~e and paya6le and shall bear i~te~est from the date thereof until p,,id at ~he rate of
n~ne pe~ cen~wn per aiinum end ?o~r~h~~r w~th such inre:esi shati be sewred by the lien of this mortgage. ~
4. To permit, commit or suffer no waste, impairment or detereoratio~ of sa~d propetty or any pa~t thereof.
5. To pay all en~ siryula~ the costs, charges and expenses, inctuding a reasonab!e attwney i fee and costs of abstracta of titte, incurred or pa~d a~
any t~me by sa~d MpRTGAG:E, be:aux or in ihe eve~t of the taJure on the part of the aaid MORTGAGOR ro duly, promptfy and fvtiy perform, dacharge.
_~,rcwr, riirci, cv.+~p:c+a, w+~~NSy w.sh a:•d at'~a by ca:h and ~.r.y ehc stir:'a!:o^=. agrce~n~~ts, eo~d~i~w+s, a.+cl mvP~..~~u o( said pr«n[ssurv note a~d ih~s
rno~tgage any or ei~her, and sa:d cosrs, charges and expenses, each and every, ihall be immediately due and payable; whrther or ro~ thrre be nance d~
mand, attempt to co~~ect or wit pend~ng; and ~he full amovM of each and e~ery svth paymem shall bea. intere:t from ~he date ?herrof until pa~d at the
r,~~r o~ n~ne per ccnr~m yer ~n~~u:n; aud afl sa~d costs, ci~arges and e.penses inturred or paid, ?ogether w~th such inter~st, shall be secu~ed by the I~en of th~s
~~ortgaga
6. Thaf (a) in the even? of any brnach of rhis Vbrtgage o~ default on tF~ part of the MORTGAGOR, or (b) in the event any of sa:d sums of money
herein referrrd ~o be not pre~ny~tiy an~ fu~~y paid w~~h~n thuty (30) ~ays neat after the same several:y becwne d~e and payable, wid~ou~ demand o~ no~~ce,
e~ (c) in the evem each and every ~he s~~puta;~a~s, agreements, coad~s~ons and covenants of sa:d promisso:y nore and th:s mortgagr any or e~ther a~e r.ot
~uly, promptly and fully perfarmed, d.scnarged. exrcured, e4fected, canpteted, compi~ed w~~h and ab~ded `~y, then in e~ther or any such event the sa.d ag-
~~cgate sum me~tioned in s3id pronvssory nolr then remaining unpaid, w~th intere;t accrued, and aN moneys sec~red hereby, shall become due and pay
ec e forthwith, w thereafter, at the epnon ot sa~d h10R1GAGEE, as fuliy and compie~cly as if a!1 of the said sums of money were or~gmally snpu~ated
ro be pa~d on such day, anything in sa.d p.om~ssory note or in this Morigage to the contrary nor.v~~hseand~~~g; and ~hereupon or thereaiter at the op~:on of
s,:d MORiGAGEE, w~nc~ut not<<e or demand, w~t at law or in equity, therefore a tf.ereaf~er beg~n, may be proaecuted as if all moneys secured hereby
n~d matured prwr to ~ts inslAUhon.
7. Tha~ in the event rhat at the beginn~ng of a at any ti~ne pend~ng any suit upon this Mortgage, or to foreclose it, or to reform i?, or to enforce
payment of any tia~ms here~nder, sa~d 1lQRTGAGEE sha:l apply to the Court hav~ng ~~:~sd~ction thereof for the appo~ntment oE a Rece~ver, such Court shail
forrhwith appoint a rece~ver of said mortgagrd property all and sing~lar, inciud~ng a~l a„d s~ng~lar the income, prof~fs, issues and rever.ues from whjtever
sov:ce deri~ed, each and every of .vl,:ch, it be~ng expressiy underssood, is hereby mortgaged as if spec~f~catly set forrh and described in the granhng and
hjoendum cla~ses hereof, and such Rece~~er sha~i have alt the b.oad and ef(ect~ve funct~o~s a~xl powers in anyw~se entrusted by a Coo~t to a Receiver, and
s_ch appoimmrnt shatl be made by such Co~rl as an ad:nitted eyvity and a rr.atter of absolute right to said M.ORiGAGEE, and w~thout reEerence to the
adeyuaq w inadrqvacy of ~F.~ value of ~he property mongaged or ro the so:vency or (nsoivency of sa~d ldORiGAGOR w the defendants, and rhat such
r~:ms. profits, income, ~ssues and reven::es aha~l be applied by such Recei~er accord~ng to the iien or equity of sa~d MORTGAGEE and the pracnce of s~ch
Court. '
8. To du:y, promptly and f~lly per'orm, d~scharge, exe;ute, effect, complete, tomply w~th and abide by each and every the st~pulatiuns, agrecments,
cenditions and to~enann in sa~d promissory nete and M's niorigaye set forih.
9. That in the event the ownersh~p of fhe mo~tgaged pre~n~ses, o~ a~~y part tnereof, becomes vested in a perw~ other than the MORTGAGOR, the
ti'~RTGAGFE, ita wccesso:s and a:s~gns, may, w~~hout nor:ce to the I~:ORTG~OR, deal w~th such successo~ w successor ~n interest v~ith .ele~ence ro thls
mo•~gage ar.d the c1eb1 hereby Secured in ihe same martner as wiih blortgegor w4hovt in any way vit+ating w dathaig~~g the fJtcr~gogori iiability here-
~.:~~der or upon the debt hereby sec~red. No sa`e of the Fren:~ses he~eby mor7yaged and no fo~bea~ance on the par~ 01 the ?JIORTGAGEE or irs successors
cr assigns and no exrension of the t~me for rhe payment oi the drbt hereby secured given by the MORTGAGEE o~ its successors or assigns, a~~all operate
ro ~e~ease, d,scharge, modify change or afiect the or~g~nal liab!I:ty of ~he h~ORTGAGOR here~n, eithe~ in whole or in part.
10. It ~s spec~fica~iy ag.eed that rime is of the essen:e of this contract and that no waiver of any ob~:gat~on hereunder or of the ob!igation se-
cured heroby shali at an~ ti..~e thereafter b> hc:d to be a•nai~er of the terms hereof or of the instrumenl secured herby.
l l. in aoci.r.on ro the for~go ::g ~-•c:,rh'q pa~rn-,ms ot p•ir~c pai and inr_~;~•s~ required by the prom;ssory ~o'e secured her_b~, mortgagor covenants
a• d ag~ees to pay to R~o~tgagee ~nifh eech rro•~~hly pa~e.:ent an add~r:onal sum estln,ated by mortgagee to be equai to 1 12 of t~~e arnual cost of the follow-
,3:
A--AIf real ~roperty tax~s lev~zd o+ assess~~d aga~•~st thc above describ~d r~al estate.
6 Pr~ •.v•r.s on i:~e a~~d w~r.dsto~~n ',~:sura~.ce as :sere~n req~'red to be carr~~d en th~ :mrrovrme~ts s:t~ate on tho above Jesu~bed premises.
~ C-Pre~niun s on s~ch mortg,ge guaran!y ~r.wra~:ce as martgagee sFail 'rcro s me ro tnne deem fit to carry on the loan secvred hereby.
E ?.1o.+gogee s~a!f !rcm t1•ne to t;~re r:a!~f~ r.,crtgagcr v+rit;ng of the arr.o~•~t due and payable he~eundrr and s»ch su~~ shaii tnereupon be due and
; ,,;ab!e on the d~e cate oT the neat •nonth ~ payment and e:;ch s~ccessive :r:o^!h tnereafr~r ur.tii mortgagee shall not~4y mortgagor of a change in s~ch
i _ ount. S~ch w:ns s~a.l be ar=- ied by mort9egae tor.ard ~he payment of real property taxes, insura:~ce p~em:vms, and martyage guaranty insurance
! .~•rrniums.
~ IN l'IITP:FSS '::HER:OF, !he sa~d MORTGAGOR has hereu~to set his ha~;d a~d seal the day a~d year first a!oresa;d.
~ Signed, Sealed and defive ed in the presence of: ~
~ ' 3' , ~ (Sea4
~ Jos hine Lan don
~ (Seaq
u _ (Seal)
c ~ ~ ~ C ~ _ -L1L/ ~ - (Seal)
S~ATE OF FIORIDA
~ ~
u.
~ 'vU!JTY OF St . L11C16 _ _ ~
~ Before me persor.a3ly appeared .IOS~_hlfl@ 1~al1C)C~OTl ,py~
~
~ ~~,yvjj~ to me wel! known and known to rne to be
~ rh~ individual describad in and who ezecuted the foregoing i~strument, and acknowledged before me that he executed the same for the purposes
rherein eapressed. .4wr~ Wo ~aid---
~
x;tcllf Ihn saad - - .upaLa.sapa~te.awd. pr'.vat~
~:a~'?uru~ioa b~c ~.s 1aSc~W ~sa a~apxa frar~ ier ssi~ hwbawdr ~wo..kdged~ w~..~ 6e[o~a.~ tlw.sha..wcowt~L sa~d~assswnawt ~r4ol~r sni.vaw~-
~ ~3;~?i~-acd~:th.nutan~ccoa~puisr~~wacui:w,_appro}wos.oa..o~.fear-of.offoa~?Me?~aid-~w~bx~. ~
*iovember - ' a.p. ~q 73
Y~ITNESS my hand and o(fiua! seal this_._~~_ - day
~ "
" Notary Public in and for t a~ ~ s aige
t My Comm~ssion expires: _ °
y ~ -
Retum To: , ' - ~ : : :
z" First federal Savin~s 6 loan Associat,on '~vi:,RY F~°d;;i,,~,c{~~~E',~ F~ -
~ Of icrt P•.rce. "r r'r:'.i't},cC~-~~`~E(~„ ~~D~]l~lA~- ~
cc. : c ; i' `2~' ~,?7~~
Fcrf Ph~rce. Flor~dj fi~ ~uf'~nc~,V'~ti+r~f'~~Ari
yr ~
i~
3;s . , ,
~ f LED aND RECORDE~ ' ~ : ; ~ : ~ ~ ~
?his Instrument Prepared By John W. Collins i}.~~~E GO~MjY Fl1?.
Firs! Federal Savings 8 Loan Association pOGER pO~SRAg ~
of Fort Pierce , ~lorida CIEP.K C~~tCUlt COURT~
RECOpO VEF.tFtEDr...-=
.l~ r R ~ ~ ` `
~ Checked ey ~ O 9 0` ~~73
~cor.2~~. Pacc 161 ~68"7'78 .