HomeMy WebLinkAbout1274 3. To p!act end continuo~sly kcep on ~he b~~~;f;•.gs n~,v or he~aafler s:luate on sa~d farxf and on a1i ~q~ii;~r.en? antJ pe~for,e'~y co.r*cd by ~his mortg-
~g~, with a!! pien~~~:ns thrieon yad ,n 1~,'!, 1:re ins~~~n~~:e ~n the ~w.+t sta~:dard po'~cy iorm, i~~ a surn aHprorrd oy thr A1Jk~i;~GFC, a~~J w~~~ds~urm
insurance in ~he usual srand.~~d Fw..cy Iwm, in a wm appro.ad 1,y ihe MURTGAGEE, in such co~npany or compan~es as ihe I.'.ORIGAGfE ~ney
d~rec~; a~d aU (i~e and w.nJstor,n ~nsurance pot~c~es on any o( sa~d bu~td~ngs, any inte~est ~he~ein or pan rhrreof, in ~he a99r~ ~,:e s.,m aloresa~d or
In ezcess Ihereol, shall :ont,in ~he uswl star.d,;rd mo~rgagte dause or su:h o~Fur t~ause as Ihe Matyayee may ~eqwro, ma1,i~~g th~ ~csa ~~~der so~d poli-
res, eac~ and every, pa,~ab'e ro sa~d AIJRIGAGEE a~ rts ~~~~cret~ mey appear, and each a~;d tvery s~ch po~~ty f~~a11 br prompr:y as: g•~ed a•~d do:~:cr~ d~o
eny held by sa~d f1lOR(GAGfE as f~rthar secu~ity ?o faiJ morlgaqe drbt, and, no1 less Ihan ten (t0) days in aJ.~nce of Iha eap~~a+~on of eech pal~cy, ~o de- ~
live? to s~id MORIGAGEE a renewel thereof, togeiher wi~h a rece~p~ tor tAe premwm of such renrwaf; and ~F~~ce al+etl br no (~re or v~,~~~daro~~n in~urance
ptaced on any of said build~.gs. any inrrres~ there+n w pan thereof, unless in the fonn and wiih the lou pay~ble as aforesa~d; a~d i~~ d~e e.en1 any sum
of money becanes payable undrr s~ch po:icy or poLc~es sa:J MOkTGAGEE shall have thr op~~on ro ~ete~ve and apply th~ same on acco~~v of ~he indeo~~d•
nesa sewred he~eby w~o pern,tt sald /AJRTGAGORS to reccrva and use it or any part thc:eo} tor cu,cr .:srs. ...n:~~t th er
ing a~y cqu~ty, I~en or ~ight urxlcr or uy virlue of Ihu no:tyagz; and in ~he evenl ta:d MORTGAGORS shall for any r.~3so~ fail to kecp the sa~d prcrn~a:~s so ~
inswed, o~ fail to deliver pt~npt:y any o) said poLci~s of intufante to sa~d A50RTGAGEE, or fai! ~rompt(y to pay }uily any ,xe~~~~~m tF~~°refor or in any ~
•espc•tt fdi! fo per(wm, ducha~ge, execute, effetf, con~pletr, to~np~y wiih and ab~de by Ih~s Covenant, or a~iy pa:t h~reof, sa~d MURIt•AGEE may place a•~d
pay for such insurance or any 'part thrreo( w~thout waiving or sfF~tiog any option, ~ien, equi~y, or ~~ght undei w b~ virrue ol th~i ~~o~ig.~ga, and the ~
f~!t amount oi each and every a~ch paymero shall be imrnediately due and payable and shall ~ar inie~est irom the da~a the~eof uniil p.,~d at thr ~afe ot ~ e
~ .
mne per centum per anriwn and to3rthrr wd~ svch inter~st shafi be secured by the IiM o1 this mortgage.
1. To pe~mit, tommit or sufler rto waste, impairme~t or deteriorat~on of said prope~ty w any part thereof.
5. To pay sll and singula~ the costs, chargea e.~d expe~:srs, encluding a reosonable attorney's fee and costa ef abstracts of titte, inc~rred or t
any time by sa~d MORiGAG'.E, because w in the evenr of the fa:lure on ~he pa~t of the said MORiGAGOR to duly, p~o:np~~y and fully perform, d~s~hjrg
execute, eifed, complete, comply w~~h a~d ab:de by each and every if,e stip~lauons, agreemems, conditions, and covenants of sa~d pro:~~ssoiy note and ~his
:nortgage any or either, and sa;d costs, charges and expenses, each and every, shall be immrdiatcty due and payable; wh~ther or nor ~here be no~~~e d~
mand, attempt to to~7ect or suit pend~ng; and the iull amaunt of each and e~ery such pa~r~en~ shall bea~ imereat irom the date the~eof until paid a~ the
r,~re of nine per crnt~~„ p~r on:+~:n; auc: all sa~d ccsrs, ci~argts and e,~pcrses irx~rr~d or paid, togelher wdh such irnerrst, shatl be aecu:ed by the ;~~n of thi•
morlgage. _
6. Tha1 (a) in the evenl ef any b~each of this Murtgage or default on the part of the ti10RTGAGOR, or (b) in the event any of sa:d sums of money
herein rcfe+red ro be not pro~nptly and fully pa~d with~n thuty ~30) daya next aftcr the same :e~era~ly beto~ne d~e ar.d payabte, wdf,oui demand or notice.
cr ~c) in the e+eM eoch a~sd rvery the snpuiat~ons, a3reements, co~~d:r+ons and tovenanrs of sa.d prom~ssory notr and ih•s mo~tgage any or ei;her are not
~vly, prompdy and fully ~erfo:med, d.scharg•_d, e,cecuted, eifected, caopteted, comNlied w~rh and a6~drd 5y, then m enher w any auch eve~t the ta~d ag-
g: ~ate sum ment~oe~ed in said proR~~ssory note thrn remaining unpa~d, with intrrezt attrued, and at~ moneys :ecured he~eby, sha? becon~e due and pay
ab!e forthwifh, or tnereafter, ar the opt;on of sa~d MORTGAGEE, as fuNy and comple~ely as if aIi of +he s~~d sums of money were onc~ina~ly sr~p,,;ared
to bz pa~d on wch d:.y, anything in sa d pro~n~ise+y nete or in th~s Moctgage. to ~he co~rrary nut,vi~hstand,~~g; a~:d iherevpon o~ thereafter at ~he op~~on o{
sa:d MORTGAGEE, w~rhout not~ce o~ demand, s~~t at !aw or in equ~ty, t}~.eiwe or thereafrer begun, may be prosecused as if aI! moneys secured hereby
nrd matured pnw ~o ~ts mst~tut,on.
7_ That in the event tF~ar at the beyinn:ng of or at any t~~ne pend~ng any su~t upon this Mortgage. w to foreclose it, or to reform i~, or to e~fo~ce
payment o( any ci,[~ns h_reundc-r, sa~d MOR7GAG~E shait apply to the Covn havirg ~w~sd~cnon therrot for ihe ~ppcmtment of a Recc~ver, such Gourt sfiaif
Fe~th„~,ith appolnt a rece~ver of sa~d mortgaged property a;l and singutar, incJ~d,ng a~l a~~d s~~~gu+ar th~ in~on,e, prol~rs, ~as:,es and revcr.~es from wh~tz~er
s_urce der~ved. each and every of wh~ch, ~r be~ng express~y ~nde~s~ood, is F.ereby morrgaged as if speaf~cacty set forrl~ and deurkbed in the g~anr;.:g and
h.~bendum clauses he~eof, and such Receiver sha;i have ait the broad and efietr~e fv~c+,cns and Fo.~ers in anyw~se entrusted by a Co~.~ to a Rrce~~er, o~~d
s..ch appoinrme~~t shai~ be made by such Cowt as an adnined equity and a matter of absoiute r,gM to said MukiGAGEE, and wi;heut rcference to the
ad,quacy or inadeq~acy oi the vaiue of the p:operty mwrgeged or to the so.tiency q msolventy of sa~d MOR~G:.GGR o~ the de`•e~.donts, and +hat such
~e~ts, protfts, income, :ssues and revenues ahail be app~~ed by such Rece~ver accurd~~ig to the tien or equ~ty of sa:d ItO~TGAGEE and tt:e praa~ce of such
Court.
9. To du'y, prompt!y and fuI!y perform, d~scharge, execute, effect, co.r.piete, conrply with ar~d abide by each a~:d e•1er~ rh~ si~p~ ai~cns, sgreements,
condirions and covenanrs in sa~d pra~nissory note and this mertgage srt forth.
9. That in tne eve~t the owr.ers~ip of the mortgaged prem~ses, or any part therEOf, becomes vested in a pcrson o!~•~r th>n !h~ t~',•JRTGAGOR, the
:'.ORTGAGEE, its s::ccessors and ass;3ns, may, w~shou+ netice to the /.tORTG~02, dea~ w~tn such s~ccessor o~ s~c:_ssor ,~rrr._~r ,v:rr, rrte-~e~~ce to ~h~s
? o•~gage a~~d the d_~t Re-reby sec~red i~ th~ same mznnr~ as with Ma+tgegor w~thout in ary way vit:atinq or d:scha~g.•:~ ti.e l.t:r•y,gcrs' tfob~6ty here-
•.-~A• +hP d~i,t h.•rPi.~ :xurrd. No saie of ~he cremises hereby mortpaqed ar.d no forbearance on the parc o~ i~~<~ ~:,uRi~ ,:~,E er its s~ccessors
o~ ass~gns,and n~ ,:Rre^s~on of rhe t~me for rhe ~:.ayme~it of tne debr he,eby sewred gi.en b~ ~he MOR'C;A"vtt c: ~rs r:aessurs cr ~:,s, :~~o : ope~e~r
ro re•ease, d scharge, mod~fy ~hdn~@ Qr atfect the orig,nal liau~l~ty of the N.CRiGAGOR here~n, either en whoie or in p.,~t.
10. It is spec~fi,a::y agreed that ri~ne is of tha essence of this co~tract and that no waiver of any obi gat,on i•creund~r or of the ob(igat~on se~
cv~ed hereby sha:'i at ani ti~.,e rherea}ter be he:d to be a•va~ver of rhe te~ms hereof or of fhe ins~rument sewred i~c•b~.
I1. i~ add re- <~o the fore~~ ~:g rr.c.^.th'y ~;~yc,,nss of F,rinc ~at and inrere~st re~~~red 'op the prom.sscry ne•c sc:ured 'ne•~_b:, :n~r~.~ eovenanrs
+•,d agrers to pay !o r:J'tylac@ ,ti,th rac~ n,enehly ~..iy~ ,~nt an add~rional svm es~ .~-~red b,, mo:tya~ee ~o be equai to 1 12 uf u~r ~n:,,;.~; cost oi the foliow-
~i3:
A--~!t reai i.rop_~*ry tsaai icv~rd or 3SSCSSe~Ci ay.ii-~s: Chc a6ove desCri~cd r~a! estate. -
B-Fr_~nc~rns on.fve ar.d vrr:dsto•n, ~~sura~:cr os i1e-e~n requ:red to be ca•ned en the :mp~ovrments situate on the abave desv~t~d premises.
G-Pre:~iun s on s~ch mc~t3aqe guar3nty ir.sviar.~e as mo•sgagee sha~! fre-~ t me to ti~ne d~em fit to ca~ry on the loan secured hereby.
Mortga~ce s~~a'i frcm f~~•,e to t~~ne r.cr~fy matgagcr ;n wrd~n9 of ~he a~r.ount d~~e and payabte herrundrr and such su~n shail thereupqn be Ave and
;?yabte on rha dve date of the reat month;y pay~rent and each suaess~ve month ~hereair~r ur.ti! mortgagee sha;l notify mortgagw oi a cheq~e in such
ount. Such sums s`•a:l be app.~rd by mertgagze tc.eard the payment of reat property taxes, insurance p~em,ums, and mortgage Lgva~nty 'insuoance
, -emiums. - . ~ ~ v `
IN Y~ITNESS :"~H~REOF, the sa~d MORiGAvCR ha: hereunto set his hand an seat the day and year first aforesaid. ' s. ~
S~g~ed, Sea.ed and delivered ;n the Pre:e~ce of= f1LEO ANO REC0iIDEp A~IERICA'~ ~~~•lES. A.*4D~~ORZ1`3A~C'3E~~• IIVC.
ST.IUC~E CaUMT1f EL~ ' - . ~ ~ _ `'s~n
ltOCER POItRAS ~ ' ~
~ CIERK CI~CU1t CWRt~j'~ ~
F ~E~!l0 YERIF~EO.+.~~ W lliarn A AndOxsola, ' r~ai
- - - ~ ~ <v" ~TTEST: ~ ' : : a
! ~ V erna L. Ander s an; Sec! a ry a~~
~ 3p 414.~N_ _ _ .
2~9~p~;
STATE OF FLORIDA COUNTY OF ST_ CUCIE
~ 1 HEREBY CERTIFY, That on this a'f1~z- day of _
, A.D. 19~,
before me personally appeared - ~lilliam A. Anderson and Verna L. Anderson .
respectiveiy President and _ _ Secretar
Y , of
American Homes and '•lortgaqe, Inc. Florida
_ ~ a--------- - Corporation, to me
known to be the persons described in and who executed the foregoing instrument, and severally acknowledged the exe-
, cutio~ thereof to be their-free act and deed as such officers for the uses and purposes tf~erein mentioned; and that they
' afjixed thereto the official seal of said corporation, and the said instrument is the ad and deed of said corporation.
L'rITNE~S my har.d and official sea! at Fort Pierce , said county an state.
; This instrument prepazed by , . .
John W. Collins
! ~irst Federal Savings and Loan ot Public, irt ~and for State a Count aforesaid.
Association of ~ort Pierce y ommi~sioti"Ezpires:,~~a ~~s
,,O i r .
- _ ~ A.r._ e_._
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` Checked By , y ,
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