HomeMy WebLinkAbout2665 .
, .
To plac~ •nt! con~inuously keep a~ the b~i:dn:gs now o~ hereefrer s~wate on said I~nd and on ali equip~»ant •nd peyonally cove~ed by th~s matg~
sgs, w~th alI premiums Ihereon pa~d in full,'hre ir.w~enca in the usual s~arxia~d poticy form, i~ e sum approved by the MORIGAGEE, and w~nJstorm
inaurar~tt irt ths usval atandard poLCy lo~m, in a wm approred by the MURTGAGEE, in wch company or companies as ~he MORTGAGEE may
direct: +nd all firs and w~ndstorm in~uronce policies on any of said buiid~ngs, any inie~est therein or pa~l theieof, in Ihe aggregare wm aloresaid o~
in excess Iher~of, shail comain tM uswt standard mo~rgaqas clause a such other tlauss as the Mortyaqee may req~~ro, making the lois under sa~d polt
ues, each and every, payable ~o sa~d h10RiGAGEE as iti interes~ may appear, and each a~d every such pol~cy shell be promp~~y ass g~.rd ar.d de:~vered to
+ny held by se~d MORIGAGEE as fu~~lxr sewrity ro taid m~rtgage dzbt, and, nor (ess than tcn (10) day in advance oi the e~piral~on ol each poGcy, ro dr
Gver 1o uid MORTGAGEE a renewal Ihereof, logether with a rece~p~ for ihe p~emium oi such ~enewal; and ihero shaU bE no fir~ o~ winda~orm i~~urance
p~+ccd on any of sa~d buildings, •ny interesl tlierein w par~ thereof, unles~ ~n ~he (orm and wiih the loss payab~e as a~oreseid; and in rhe eye~t any s.,m
oi money be:o.r.rs payabte under sath policy a poGcr~s said MORTGAGEE shall have the opt~on lo iece~ve and appty the same o~ accoum of the indebtod ;
nesa setured her@b ot Io rmit seid MURTGA~"aORS to reteive atx~ ut0 il p an yurposes, .vithvut Ih.r~u/ w..~+~ i~ or m,p.:u• ~
Y P~ Y pa~l thereof for oii~ei
ing any equity, I~en w right und~ or by virluo of this mo:•gage; i~ the event sa~d MORTGAGORS ~Aall tor any reason fail to keep the said premiacs so
insured, w fail lo deliver promptly any of said pol~cies ot insu~ante to faid MORTGAGEE, or (ail promplly lo pay 1u11y any pre+nium tiierefor w in any
re~pnti fai~ ro~~i~~~~:, ..~,..~ocye, caec~'e, c!`:~:: ;~y w+th and ah~de 6v thia covenant, w any part hereof, said MGRT~',AGEE msy plsce a~A ~
pay for such insurance o~ any part thereof w~~hout1waiving or a(fecting any option, Iien, equity, or right under or b1 virwe ot tnls hnorfga9e, and i~.e `
fult amounl of eath and every such paymrnt a1a11 6e immediately d~e and payable and shall bear interesl from ~he date thereof un~ii paid at the rate of
rtine per tentum per annum and to~rther vrith such inre:es~ si~aif be securcd by the lie~ of this mortqage.
1. To permit, commif or suffer no waste, impairmrnt or deter~oration of ~aid properfy or any pa?t thereof. •
5. To pay all and s;ngulsr the costs, charges and expenses, includi~g a reasor,able attorney's fee and costs of abstracts of t~tte, incuned o~ paid at ~
any time by seid MORTGAGfE, because w in the eve~t of the (ailure w? the part oF the said MORTGAGOR to duly, promptfy and fuily perfonn, d~xharge,
sxecute, effect, comptete, cunply whh ar~d ab:de by each and every the stipulaf~ons, agreements, conditions, and covenants of sa~d prom:sso~y note and th~s
mortgage any or e~~her, and sa:d costs, charges and expenses, each and every, shall be immed~ately due and payable; whe~her w not there be not~ce dr
n,and, attrmpt to co:lect or suit pend~ng; and the fu~l amounl of each and every such payment shal! bea. interest i~om the date thereo4 until paid at the
~
r.,re of nic~e per centum Fnr aonum; arK; ail said tos~~, charges and ex, enses inturred or paid, together wdh tuch interest, shall be eetured by the I~en o! thb
mortgage.
6. That {a) in the eve~1 of any breach of this Mortgage or default on 1he pa~t of the MORiGAGOR, w(b) in the eve~t any o! sa:d sums of money
~~~~a~n re.`a;;~i :a r.as Yz~:r.;,elY n«d f~!!Y p'id w"~+'^ ~h.rty i301 days nexl after the same severalty become due and payabfe, without demand or notite,
or K) in the evenl each and every the stipulatio~s, agreements, conditions and covenants of sa:d promiswry note and th~s mortgage any or eiriier are not
iu(y, prompt~y a~d fulty periw~ned, d~scharged, e~ecured, eiiected, complered, comp:fed w~th and ab;ded 5y, then ~n e~the~ or any such event the sa~d ag
^y'cga!e sum mtn!ien~d in said promissory note then remaining unpaid, with interest accrued, and all moneys secvred hereby, shal: become due and pay-
abie forthwilh, or thereafter, at the opnon of said MORiGAGEE, es (uiPy a~d comp:ete:y as if al! of th« said sums of money were w~gi~ulty st~pu:ated
ro be pa[d on such day, anything in sa;d p.omisswy note u in this Mwtgage to ~he cootrary notwithstandirg; a~~d thereupon or thereafter a? the opnon of
sr~d MORTGAGEE, without not~te o~ demand, suit at law or in equ~ty, therefore w thercaiter begun, may be prosetuted as if alt moneys secured hereby
nad matured pnor to ds insrirurron.
7. ]ha? in ti~e event lhat at the beginn:ng of a at any time pend~ng any suit upon this Mortgaqe, w to fo~eclox it, or to reform it, or to enforce
F•ayment of any dalms hereunder, said MOkTGAGEE ahait apply to the Court ha~ing ~ur~sd:ction th,.~reo! iw the appointment of a Receivcr, wch Court shail
f;;rt6w;th appoiM a recei~er of said mortgayed property al; artd singu)sa, inttud:ng all and si~guiar ftw income, p~of~ts, issues and revenues trom whatever
se,;~ce denved, each and every of wh~ch, ir being expressly understood, is he~eby mortgaged as if speof~~a~ly set fonh and dest~~bed in the granhng and
habendum dauses hereof, and such Receiver shaN have all the broad and effect~ve {uncf,ons and powers in anywise envusted by a Cou» to a Receiver, and
s_ch appointment shall be made by wch Co~rt as an admined equity and a matter of absolute righ~ to said MORIGAGEE, and w~fheul reference to the
adzquacy or inadeqvacy of the value of the p~operty mortgayed or to the :o~vency or ~nso+vency af said M.ORiGAC,OR o~ the deie~ulants, a~d ~hat such
re~rs, prof~ts, incorrse, iss~es and revenues shall be appGed by wch Aecr;ve~ accord;ng to the tien or equity of said MORTGAGEE and the prad~ce of such
Court.
8. To duly, promptly and fully perform, d~scharge, exec~te, effect, complete, comply with and abide by each and every the stipulations, agreements,
conditions and covenanrs m sa~d promissory note and rhis mortg3qe set forth.
9. That in the eve:v the ownersh+p of the morrgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the ~
.ti'.ORTGAGEE, its successcrs and ass~gns, may, without not~ce to the MORTGAOR, deal wrth such successor or successor in interest with reference to th:s
mo~tgaqe and the d_b~ hereby sewred in the same manner as with ~dortya9or wirh~ut in any way vil~ateng or d+scharging the Mongagori liability here-
' 'vj.v.. .
...:~c~ a. •~r dc~r h-~•e~~ s~~..•~~ N.. nf ~h. eremis~s he~ebv mor~aaoed and no iorbearance on fhe par~ oi the ?AORTGAGEE or irs successors
er assigns and no exrenzion ~f the hme fw the payment of the debt hereby secured gi~en by the MORTGAGEE or its successors or ass~gns, ,~~aii opcraie
ro re!ease, drscharge, mod~ty change or affect the orig~na4 leao;bty of the N:ORTGAGOR herei~, either in whole or in part.
10. h is spec~ficaliy agreed that ti:ne is of the essence of th~s contraU and that no waiver of any obleganon hereunder w ot the obligatioo se-
c~ied hereby shall at any time thereafrer be he!d to be a wa~we~ of ihe terms hereof or of the instrumem secured herby.
l l. In aJd.t:o~ to the forego ng month'y paymants of pr~nc pal and interest required by tFe prom sscry nore secured hereb~, mo: tgagor covenants ~
a~d agrees to pay fo r:o-t~agee w,th each month!y payr :ent an add~rional sum est~mated by mortgagee to be equal to 1% 12 of the annual cost of the follow- 1
;n~:
A-All real propert~ taxrs le•fied o• a:sessed agai•,st the above desuibed reat esrare.
B-Pram~vms on fiw and wir.dsto~m inwrar,ce as herein requ:red fo be carried en the :mprovemea?s situafe on tF.e above described premises.
C-Prem~ums on such mortgage guaranty ir.;ura.~ce as mortgagee shail fiom. t:me to ;ime deem fit to carry on the loan sewred hereby.
, Mortgagee sha!f from time to f~me nntify mortyagor in wr~t~ng of the amou~r d~e and payable hereundrr and such surn shail thereupon be due and
~.atabte on tihe d~e aafe of ihe next mo~rh:y payment and each successive mflmh fhereaiter ur.fit mertgagee shal! norify morrgago~ of a change en such
~-:ount. Such sum,s sha;! be apj~~ied by neortqagee toward the payment of reat propeny taxes, insurance prem;ums, a~id mcrtgage guaranty insurante
, remiums.
' IN YJITNESS WHFREOP, the sa~d MORTGAGOR has hereunto set his hard and seal the day and year firs? afotesaid.
' ~ S ned. Sealed and d/eli~vered in the presence of:
! [ [t l 1 i ci ~
. . Sean
se ti B. Grenier , ~~s~~
i ~
~ ~ 1' (SesO
i _ Evel S. Grenier ~~a~~
~
( STAiE OF FLORIDA
E ~OUNiY Of $t . j.t1C 1Q ~
i
' Before me personalty appeared Joseph E. Gr en ier end
` _ Evelyn S. Grenier
r h~s w~fe, to me well known and known to rt+e to be,
` !he individuals described in and who executed the foregoing inslrument, and acknowiedged before me that they executed the same fot the purposes
rherein expressed. And the said Evelyn Gren ier
' d JOSQ~h E GYenior _
~ r.:fe of ~he sa~ uEw~+'~~separalhvrd.~rivare
; r¦amina~ion by me taken separate and apart irom her said huaband, acknowtedged to and bafore me that :he executed said j~itrurnent~fredY~ar~b voSuo-
~ rarii and without an com ulsion, tonsttainT: a
Y y p pprehe~s~ n, or fear of or from her said husband.
i ~ ! , .
WITNESS my ha~d and offiual seal ihis- 1__~~ day of December ~ p•,J9~
l , , , . r ` .
~ Notary Public in and for tl~e S1ate ~f rg ~
~ My Comm~ssion txpires: . - ~ 7 ~ • ~ ~
~ Return To: = ti Cr ,y ~ C :
~ ~
~ NOTARY PUBIJC, BfAi~ ' ~L6RIOI~it
t First federal Savings 3 loan Ass«~at~on 11Y COMMI3SION E~(p Ept~• .
Of fort P:crce. ~ ~ _y~'~~~.~~7
T
GTS ~Q
Fort Pierce, F~v~ida -
. ~ .t ~~l~~t~~~..•e .
' . ~ .
FtIE~ AMD RECOROEQ ~ •
6T.lUC1E COUNTT FLA.
This lnstrument Prepared By Robert A. Swisher, Jr. ROCE~t p~~TP,AS
_ First Federal Savings & loan Association CLERK ClR~UIT COURT y
~ of Fort Pierce F RECORD~EPfFiEO~,~
, lorida
s p~c i~ I10o AN'73
° Checked By
t
`t
socK ~nc~ Z66~ . . 2'70635