HomeMy WebLinkAbout1276 To place and coni~nuo~sly Aeep on ~he b~~'J~~~~s nodv or hereafte? s~~~ate on ~aid iai+t! and on a!I cq.,~pmrnt and persona~ly taver<•d by lhis mortg-
ege, wifh ail pren,wms thercon ~a~d ~n iutl, f,rc inswe~tte~ in iha ~su~l s~endard ywlicy lorm, in a eum aHp~u~cd by 1hr MVk:v:.GEE, a~~d w~ ~dsw~~n
~nsurance in the usual uanda~d pol.cy lorm, in a wai e, provrd by t~e MORTGAGEE, in such compeny or co~~+pan~e? as +he MOkTGAGEE may
dirKl; and all iire and w~odx~orm i~~suranca polic~as on any o( sa~d ba~+d.ngi, any ime~eal therein or part therrof, in ~he aggr~g~te wm ato~esa~d or
in eacess Ihrreo(, shaU contam ~he ~sual sta~~dard mortgogae clause or such o~her da~se as Ihe Mortyayre may ~eq~.re, making ~he ~oes unJrr sa~d {roli•
c~es, each and every. payaL:e to aaid A1pRiGAGfE as ~ti ~rn,;rest may apFear, and each and evrry ~vch pu<<c/ st:a!! kre pro«:pUy aas gnrd a+d de~~verrd to
eny held by sa~d MORlGAGFE as (u~thrr seturity to sa~d mo~tgage deb?, and, not less then ten (10) days in ad.ance oi ~hr eapirat~o~ of rach poGcy, to dw
live? Io said MORTGAGEE ~ rer.ewal thercol, togNher with a reteipt ior the premium of such ~ene~nral; and ~hr~e s?.ail be rw f~~t ur w~~~dsw+m insurance
p(eted on any of said build~nys, any intcrest there~n w part thereoi, unless in the fo~m and wi~h ~he loss payable as alwesa~d; and irt Ihe e~ent any s~m
of money becorne~ payable under s~ch policy w pol;c:as said A10RTGAGEE shall have ihe opt~on to receive and apply Ihe sa+ue o~ account oi tht ind~b~vd-
ness sewred hereby or to perm~t sa~d MORTGAGORS to recaive and use it a any pa~t th~reuf lo~ u:i~••r pw~ esrs, ..~tn.,,t th oi ,,,:p~„-
any equ;ty, lien or riyht under o~ by virtue of this mc:!gagr; and in thr evero sa~d MORTGAGORS ahali for any reason fai) to krep thc sa~d prem;ars so
~nsured, or fail to drliver prornptly any of said puGcies of insurance to sa+d MORTGAGEE, o~ fod promptly ~o pay fully any p~r~~~~u+n therefor or in anY
~eapec~ fail to pe~fotrn, d;s.harge, execute, effecl, tomplate, comply wirh and abido by this covenant, or any part hareof, s~~d N.iURTGAGEE may p1ac~ a~~d
pay fo~ such insurence o~ any part thereof without wniving or affecting any oplion, lien, equ~ty, o~ r~ght under o~ by virt~e o~ ~his Mortyage, a~d thc ~
f~ll arrro~nt of each and every such paymeM ~hall be immed~ateiy due and peyabte and shal! bear inte~rst f~om ihe date ~he~eof ~ntil pa~d at thr ra~e ol
n~ne per ceatum per annu,n and to~rth:•r w~rh such ~nte~est shali be stc~red by 1he Gen of this mo~tgage.
To petmit, commit w suf(er np wasfe, impairment w detrrioration of aaid property or any paA lhereof.
5. To pay all and sing~la? the costs, charges and expenses, inci~d~ng a reasonabte attorney's fee and coses of abstracts of title, incurred or paid at
+ny time by said MORTGAGfE, because o~ in the event of ~he fa~lure on the part of the sa~d MORTGAGOR to duly, pron~ptly and fu11y pQrfprm, d~schs.ge.
==xute, effecl, complete, comply w~th and ab:de by ea:h and every the s?~putat~ons, agreements, conJinons, artd covena~~ts oi sa~d promisso~y note and !his
mongage any o? ei~he~, and sa:d cosfs, charges and expenses, each and every, shall be immediatety due and payable; whether or not rFkre be no~~ce dr
mand, attempt to coL'~t w suit pend~ng; and the fuif a~nouN of each and every such payment shall bea. inreresr frpm the dat~ thereof untit pa~d at the
r.,te of n~tie per cenwm per an~w:n; and a11 so~d tosts, ci,ar9~s and ex;.enses ~nc~rred o~ paid, tog~ther w~~h such interest, shall be secored by the I~en of this
rcortgage. -
b. Thaf (a) in the evenl of any b~each of this Mwrgage or default on 1Fr part oi the M~RTGAGOR, o~ (,b) ~n the event any oI sa:d tums of money
herein refer.ed ~o be not promptly and futly pald wrth~n th:rty !30) days nexi afrer the sa~ne severatly become due and payable, witho~t demand or nohce,
or (c) in tha event each and every Ihe stipu:at,ons, agreements, tonditiau and covenarts of sa;d promitsory not~ a~~ ih~s mortgage any or e~ther are not
ivly, promptly an~ f~lly perfwmed, dacharged, executed, effected, tompleted, compGed wi~h and ab~ded Sy, then in e~~her o~ any such eveM the sa~d ag~
gregate sum menHoited in said promissory note the~ rema~ning unpa~d, with intereit accrued, and ali mo~eys secured hereby, sl~all beco~ne due ar.d pay-
able fo~rhwith, cr the~eafrc~, at the opt,on of said MORTGAGEE, as fulty and compleiely as if a~l of d~e said sums of money were or~q~na:ly st.pv',ated
to be pa;d on such day, anything in sa.d prom~ssorv oote or in this Mwtgage to tF.e contrary nofwi~hs~anding; and thereupon or lhereafter at the op~~on of
sa~d MORiGAGEE, w~!hovt nonce or demand, suit aY law or in eqvity, therefore or the~eafte~ begvn, may be prosecuted as if all moneys secured hereby
~ad matured pnw to ~ts institu~ion. -
7. That in the event that at the beginn~ng of or at any time pending any su~t upon thi= Mortgage, or to Fweclose it, or to reform i~, or to enforce
payment oF any daims hereunda~, said MORiGAG~E shati appty to the Court haY~~~g jur~id.cr;o~ thereo! for the appo;ntmeM of e Reteiver, such Courl shail
fo~thwith appo~ro a ~eceiver oi aaid mortgag~d proper~y all and singular, indud.ng atl and s~ngular the income, prol~ts, issues and revenues irom whatever
scurce drrived, each and every af wl~~ch, :t 6e~ng express?y undentood, is Fereby mo:tqaged as if spec~ficalty set (orth and described in rhe g~anr~ng and
habendum davses hereof, and sucb Receiwer shaN bave a~f the broad and effecr~ve funct.ons and po.vers ~n anyN•~se entrusted by a Cour~ to a Rec~~.er, ar.d
s,ch appointment shatl be made by such Cou~t as an ad:nitted equity and a rnatter of absoi~te r~ghi to said MpRTGAGEE, and w~thcut reterence to the
adaquscy ur inadcq~acy of rt:e vai~e oi the property mongaged or to the so.vrncy oi ~nso:vency of sa~d MQRiGAGOR or the defe~:dants, and tha~ such
renrs, profi!s, income, issues and ~evenues sha~l be app{ied by such Receiver ac.o~d~ng to the lien or rquity of soid MORTGAGEE and the pract~ce of such
Court.
B. To du'y, prompt{y and ful~y prrform, dis-haroe, execute, effect, comptet2, compiy with and abide by each and every the stipulations, agree:nents,
conditions and covcnams n s.:,d prom~ssO:y nGte aix! ih,s mc~tgage set fwth.
4. lhat ~n the event che owne•shio of the mortgaged premises, or any part thcreof, Eecomes vested in a per~n other lhan the MORTGAGOR, the
JRTGAGEc. ~ts success_+~ a.d ass~gr~s, rnay, w~tho~t not~ce to the .1",ORTGAOR, deal w~th such successo~ or successor ~n inferest .v~'h refrrence to f}r~s ~
o•tgage a~:i rhe d..u~ y,e;, b~ se;v~ed in tne same manne~ as ~n•ith 1llortgagor without in any way vitiati~g pr d~scharging the f1lcr.gagors' liabllity here-
1"' *ti° r! No ~aie oi Ihe cre:n~ses herebv rnortyaqed and oo forbeafan~e on the 4.an of the /AORiGAGEE or its suco_sson
cr ass~'~ns ar:d ^o ex'ens c+ ~he +,:re for tt,e payment of the debr h~~eby secured gi~en by the MOk1GA(;tt or its successo~s or ass y~:s, ,~~a~~ upe~air
~c re~eaie, d,scha•ge, ~-~od.fy c~~e..qe er atfect the original Iiab~Lty of ~he h10RTGAGOR herein, eithar in whole o~ in parr.
10. it Es s~~u~,_.~~:~ ,oreed +hat ti~.,e is of the esse~ce of ~his contract and that no waiver of any ob~:gat:on hereunder or of the cb'~y~:.on ye-
c~red hereby sha:~ at ar.y t~r~.e th~rear.er be he(d to be a wa~~e? oi t1~e terms hereof or of the instrument sec~red iu:~by.
I1. in addt:c~ r~ N,~ foregcnq rr,onthly paymenrs oi princpal and inte.esf required by the prom~sscry ne'_ sccur_d h~•~Ly, mo.!,~-_;=.' :~._..~;,,;ts
d agrees to pa~ to r,ertgogec v.~th ea,h ~z cn~h!y papr :em an add~rional sum est.~:ated by morigagee to Ix eyuai to ; 12 of t;,t- ,,n.~,.~; csst of t~•• fo~:or+-
,~~3:
A-Alt r~al Nroperty ta:~s le~~~ed or asz^ssed o'y'l1':Sf th~ aoo~e desc~~b~d reat esrate.
8-Pr,~. ~u~r~s on Ine and w~ndstorn, ir.surarte as herein requ~red to be carr~ed en the improvements stuate o~ th~ above d~scnbcd prem~ses.
C-Prem,~e~s on such mor.3~qe g~araray ir.sure..ce_as moregagee sha14 fro.m. t:me to time deem fit ro carry on the loan sewred hereb~.
Mortgagee sha'I from t~~ne to t~~r,e nor:1~ mortydgcr ~n w~~t~ng of the an:ount du~ and payable hereund~~~ a~~d suci~ su~~ shaii tfn:r~•uF,on be due and
r 3yable on the due dare of rhe ~ext nicnrh:y payment and each successive mon!h thereaftei until morigagee shalt ~ot;fy mortgagor of a change in such
o~nt. Such sums sFa:l be app!ied by mortgagee toward the pa~mem of teal property taxes, insurante prem:ums, a~~d mortgage guaraMy insu:ance
, •emiums.
IN LYlTr~ESS '1.'HEREOP, the sa;d MORTGAGOR has hereuMO set his hand and seal the day year first aforesaid.
Signed, Sealed and delivered in the presence of: ~ j
fo Pf
~~.tiCfE C~U~
_ AOGER P81TLt l ~lt
CLfRR C1RCWt !~T fi
11ECOIl~ 11EAtr1EB~.~.¦~~ (5ea1)
~ ~ a 2b~~ ~~a»
SATE OF FIORtDA ?y
u l
G~UNTY OF SL. Lucic ~ -
Before me personally appeared ~r~ K. Dunklee, a single adult
- er~d
' --'~--~~~-~-'-~~~-~~~~----~-"'~---~~'-~~~-'~~-'-"---"'~Ss'W1fL, to me well known and k~own to me to be
tne individ~al described in and who executed the fwegoing instrument, and atknowtedged befwe me that.3he executed tne same for the purposes
therein expressed. Aodan~iaici.--------------------- _
-wtfe-oi~he-sad----^~----^--------------------'---~---~-------------"-----p?~IfS3e~SrdfF81~~?iv5f8'
~ _aairuiqaLC~.6y1r+QJakor?.sopasai~aw~ipaN~fr~~w-1~ ~ ~oa~d~lk?.o~nried ~e.+d-beie~re.nr~t+ersh~e,e~eutedsaR!-~errmm~rnrfr~el7and~releer~
. -!~r~1~f.~x~d.w~tboriany<crwpr~~nr~owaMeiMr~ rel-o~-iiomfiersaid-hnnUend-
WITNESS my hand and offiual seal th~s_ day o~ ovember A. D. 19 73
~t _ L , <E°~_
Nofary Public in and for the State of Fiorids et Large
My Comm~ssion eapires:
Refurn To:
first Federal Savings 6 toan Aasociat:on
' Oi 'ort P.-r~.. r
Fort ?~-.rrce. Fi;;r~da ..w N::k j;x7;~ . . 1. 3~ U'flbE
~ ~ ` ' ~ ~ ~ ~ t~ F~ 9~~
. .
' • "
i ~ri
Gary N . E11M?obd ~:.~{~'T" y' -
This Instrument Prepared By _ j
First Federal Savings & loan Association ;.N . t.{: _ ~c
of Fort Pierce , Rlaricla - ~ ~ r; _ ~ ~
_
Checked By . ~ ; • .~f- -
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1
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