HomeMy WebLinkAbout2661 -
.
. t•. .
3. To plece end tontinuoualy keep on ~he bv~!d~~~gs now a hereafier ~~tuate on sa~d land a~d o~ ~~I eq~ip~neM and personally tove~ed by ~fiis mortg-
ege, w~~h all p~eniiumf ihrreon p.~~d in full, I~.e insvra~.ce fn ~tie vsuat sta~xfard pol~cy form, in e sum a~p~o~rd by the MOR~GAGEE, and w~~di~onn i
intutartcs in ~he usual siandard poLcy form, in a s~m approved by tha MORiGAGEE, in tuch <ompany o~ co+npan~es as ~he MORiGAGEE may
d~rect; ~nd aU (irs and w~nduorm insura~ce policies oo any of sa~d build~ngs, any in?eres~ thcrein or pai~ thereo}, in rhe aggrega}! wm ~foresa~d or
in eatess thereoF, shatl contain the usuel standa:d mor~gsgae clause w suth olher tlause as Ihe Morlgagee msy rrqu~re, ma?~~y the wss undr~ ~a~d poli-
cies, each and every, p~yab~e to said A10RTGAGEE as ~ta inte~et~ may appea~, and e~ch and every wch po!icy shatl Ix promptly ass gntd and dei~Yerad to
any held by said A~ORIGAGEE as fur~har security to laid mortgege dabt, snd, not less than ten (10) days in adva»ce ot ~he exp~raYon of each pol~cy, ~o da
I;ve~ ?o said MORTGAGEE a renewal ther~rof, toge~her with a ~ece~p~ (or the p~emium of such renewal; and there shall be no i~re o~ w~ndaio~~n insurance
plated on a~y of said build~ngs, any i~te~esl tl~erei~ or part tF+~~eof, unleu in ~he form and witfi the loss payable as afo~esaid; and in the evenl any sum
o( mon~y becomes payabfe undtr such polity q politiaa sa~d MORIGAGEE sh~~l hsve tF~ opt~on 1o retzive and epply the smne on accoun~ of the indebtrd-
ness secured hereby a lo pc~mit uid MORTGAGORS to receive and use it or any pa~~ thereof tor otner puri.oses, v~~thout th_.~u~ w~irv~~r~ oi ~~~,poir-
~~g any equity, lien w r.qht under u by virWe of this mo::gage; and in Ihe eveM w~d MORJGAGORS shafl for any rtason fail to keep ~he sald premisas so '
inswed, or fail to delive~ p~ompNy any ot sald pot~uea of ~nsuronca to sa~d MORTGAGEE, or f:.il prompdy to pay fully any prem~wn eherelor or fn a~y
rtspect fail lo periorm, d~scha~ge, execute, efiecl, complete, comply with ~nd ab~de by thit tovenapl, or any part hereof, said MORfGAGEE may place and
pay fw auth irtsurance o~ any part thereof withovl waiving or affecting any optio~, lien, equity, or ?igh~ under w by virtue oi Ihfs Mor~gaye, a~.d 1ht
f~11 smo~m of each and e.ery such payment shall be ~mmedia~ely due and payable and shall bear interesi from ~he date thereof umit paid at the rate ot
nirie per centum per arnum nnd togrther with sucn interesr shali be secured by fhe lien ol this mortgage.
t. To ptrmit, commif or suffe~ rro waste, impairment or drtrr~oration of said property or any pa~t thereof.
S. 1o pay all and aingular the coats, charges and expenses, ~ncluding a reasonable alrwney's (ee a~d costs of abstracts of title, inturred or pa~d at
~ny time by so~d MORiGAG:E, beta~se a i~ the event of the failure on Ihe part of the said MORiGAGOR to duly, pra~±ptly snd futly perform, d~scha~ge.
~xncutr, etFed, complete, compty with and ab:de by each and every the st~pvlanons, agreemcros, condiiions, and covenants o~ sa~d promissory note and ~his
morrgage a~y or either, and sa:d costs, charges and expenses, each and every, shall be immed~ately due and payable; whathe? a not there be no~tce d~?
mand, attempt to collect or suit pendirr~; a~xi the full amounf of each and e~ery such payment shall bear interest from the date thereof umil pa~d at the
r~te oi nine per cent~m per annum; a~~d all aa~d tosts, char9es and expa.nses incwred or paid, together w~th s~ch interest, shalt be secured by the tien of th~~
mortgage.
b. That (a) in the event of any breach of this Mortgage or deiautt ort ~he part of the MQRTGAGOR, or (b) in the event any of sa~d sums of money
herein ~eferred to be not promptly and fully paid within thuty (38) days next aiter the tame seve~ally become due and payable, without de~nand or not~te,
or (c) in the evem each and evzry the stipu;atio~s, agreernems, cond~rions and covenants of sa:d p~omissory no~e and th~s mortgage any or e~rher are no1 ?
i~ly, promptly and tutly periormed, d~scharged, executed, effected, completed, cw,eptied with and ab~ded Sy, then in e~ther w any such event the sa~d ag '
qreqate sum mentioned in said promissory note then re~naining unpaid, with intere>t accrued, and all moneys set~red hereby, shall become d~e and pay-
able forthrvith, or thereateer, at the optia~ of sa~d MORtGAGff, as (uiiy arrd cornpir~r~y as it at! of nc~ sa;d sums of money were ong~na+ty st~putated
ro be pr;d on such day, anything in sa:d prom~sswy note or in this Mwtgage ?o the contrary notwithstanding; and thereupon or thereafter at the opt~on of
said MURfiGAGEE, witnow noiitz or dema~:ii, suit oi ~o;r~ a; i~ c~~6: f, !!:~eeEe~s c• tMr..3iter ¢eyun, may be orosecuted as if atl moneys :ecured he~eby
nad maW~CCI pnOr t0 rti inst~wr~on.
7. )na~ in the event that at the beginning of or at any fime pend~ng any suit upon this Mortgage, or to forec:ose it, or to ~eform it, or to enforce
psymero of sny claims hereunder, said MORTGAGEE shall apply to the Cou~t having jurisd~ction thereof for the appo~mment of a Rece~ver, such Ccurr shall
forthwith appoint a receiver of said mort9aged property a!! and singular, includ~ng all and sing~Iar the income, profits, issues and revanues from whatever
s:vrce derived, each end every of wh~ch, it being expressty undersrood, ~s hereby mongaged as if spec+iicatly set fo~th and described in the grant~ng and
habendum clauses hereof, a~d suth Recei.er shalt have aIl the broad and ef{ective funcr,ons and powe~s in anywise entrusted by s Court to a Receiver, a•~d
s_ch appoinrment shafl be made by such Court es an ad:n~rt~.d equity artd a mat~er of absolute right to said MORTGAGEE, and w~thout reierr~~ce to the
adequacy or inadequacy of the value of the property mortgaged or to the so.vency or insolvency of taid 1~10RTGAGOR w the deiendants, and that such
rents, profits, income, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of sa~d MORTGAGEE and the prac?:ce of s~ch
Court.
8. To duly, promptty and {ully perform, d~s:harge, exec~te, effect, complete, comply w~th and abide by each and every the st~pulations, agreements,
conditions and covena:us in sa~d promisso:y nore and th;s morrgage set forth.
9. Thaf in the event the owRership of the morrgaged pren,ises, or any pa~t thereof, 6ecomes vested in a perwn other than the MQRTGAGOR, the
MORTGAGEE, its successors and ass~gns, may, without noGte to the MORiGAOR, deat w~th such sutcessor or successw in interest with ~efere~ce to this
n,o~ rgage and the deb~ hcreby secu~ed in the aame manner as with Mbrtgago~ w~thout in any way vit;ating or d~schar9ing ths /hortgagori Iiability here-
a-: ur^^ ~!sh• he•>~y sr_ ~•Pd No :ale of ~he cremises herebv mortgaged and no forbearance cn the part of the /80R1GAGEE or its successors
cr assigns and no extension of the,~ime for the paymem of the debt hereby secwed given by the MORiGAGEE or ~ts wccessors or atsigns, ai~eii vNuoer ~
to retease, d~scharge, modify change or affect !be orig~nal liab~lity of the MORiGAGOR herein, either in whole or in part.
10. It i3 speuficalfy agreed ~hat t~~~e is of the essence of this consract and that no waiver of any obt;yaticn hereunder w of the obligation se-
cvred hereby shall at any time thereafter be hc:d to be a waiver of the terms hereof or of the instrument secured herby.
1 i. In addn~o~ to the forego:ng month!y payments of princ pal and interest ~equired by the promissory no+e secured herebr, mortgagor covenants
e~ d agrees to pay to mortgagee r.;th each monfh'ry pa~rnent an add~rionaf s~m es~•m~ted by mo~tgagee to be eq~al to 1; 12 of tha annua! ~ost of the follovv-
~i.3: .
A-Alt real property taxes levi=d or assezscd agei.st thc atrove desc~i~ed real estate.
B--Pren::u~ns o~ t~rz artd w~ndsto~m ~nwrar•~e as Re:ei~ requ:red to be carried or. rhe 7mp~ovrmeats siruate on the above d.sc~ibed prem~ses.
C-Pre~n~~rns o~ such .r:orrg~ge guara»ty ir.surance as mo+tgagee sha11 irom t~me to time deem fit to wrry o~ the loan secured hereby.
l}lortgagee sheil frcm tune to t:me nc!~fy morfgagor in writ~ng of the amoum due and payable hereunder and such sum shall thereupon be d~e and
, a>able on thr d~e date of the next n:onth'y paym•_nt and each success~ve month thereafter uatil mortgagee shall notify mo~!gagor of a thange in zuch ~
o~nr. Su%h s~rr.s s!-a:l be app!ied by mortgagee to:~ard ~ne parment of real property taxes, insurance prem;ums, a~~d mortgage guaranty insurance `
r~emiums.
IN YJITNESS VlHEREOf, the said MORTGAuOR has hereunto set his hard and seal the day and year first afor aid.
~ S~gned, Sealed and deiivered in the presence oF ~
- ~ s~so
Ma,rlin Roger k, a sigglet~~ult
~
_ r - (Seaq
(Sesi)
Si:,7E OF FLORIDA
C~UNTY Of St. Lucie ~ ~
1
~ Before me personalty appeared Marlin Roger COO~C~ a single 3t~llit
- itis w%rfe; to me well kno•.vn and known to me to be
~ !he individuali described in and who executed the foregoing instrunxnt, and atknowiedged befwe me that ~e~ e:ecuted the sarne for the purposes
~ rherein expressed. Awd-fhs ~aid-~ ~ ~ _ _ _ _ _ _ _ _ _ _ ~ _ _ _ _ _ _ _ _ _ _ _ _ _
` .w,'eeF~suid--_~________~~___~-___-__-____---------~------_~__s-_-_
: _ ~ , , +~*Ar%yJ~~' ~
! e..~w~atiow iY- w~s ~oi~ow~~ar~N ~w~ap~rb i~sn~ i~er ~aid-!M»k»wdr ~dtnowkdgedbbwd~ be~ore~-rwe-M+a~ ~i~e-e~ceartsd-a~id irwtwsR~i1~,
r~•a~i wflr6f ,
~ac~iy~d r~:thout.aol~ coa~Pu~siaw,_c~wasa~ru.~PPrai~wrtan,. os.fQar-0i os- f~om.l~er.sair-iws~and. ~ ~ ~ii~ . ~
WITNES$ my hand and official seal this l~th da of ~
Y ~ V ' ' ••~`~19~~~ '
fIIEC A!t:~ ~ECOROEb / ~ a _ .
O~L z 1~ ' ti`~' _
ST. LUCtE CQUNTII FLA. t - . _
tj ?;,~iT lt•• Notary PubGc in and for tf~e State ot~ ~ ic~a lar~ '
ROCE' R~S r ~ . -
CLER! G~F.CUIT COUIIT 1l My tom,q~~ss~yon e~ires_ ~ ~ -
! Rewrn To: pfCl?R!} Y~'r''!ED t/l~. "!Ji'ufA~ ~ i~' QJ -.i••^O
first iederal Sav;ngs b loan Associatidh- ~ 57A7E M~~~ `i~
O ort P.c e. ~'S:~lY / ~ ~
` f f ~ k8 `~nt~axPf&F3 1/({!f.- ~fr ~ ^ 0'-. F
Fo., P~erce, Ftor~d~ ~c I~ oo RN 13 _
.,s~.:.'~_ .
2'~Q633 ~ , . - ~
' 7his Instrument Prepared By Gary F. Ellwood
' First Federal Savings & Loan Association
of Fort Pierce ~ Flor ida
' Checked By sb
~ ~~p~zzs E~r~zsso