HomeMy WebLinkAbout2825 .
3. To piace and con~~nuous~y keep on the bu~!dnys now or hereafte~ s~tuate on sa~d land and on all cquipmrnt an~ peraonsSly covered by this mong-
eg~, wieh all premiums the+con pa.d in lutl, lire inwran:e in the usual s~andard poi+cy io~m, in a s~m approvid by the MGRiGAGEE, and w~ndstorm
insuranca in the us~al iiandard pol.cy fa~o, in s sum app~oved by the MORIGAGEE, in sucA company or compan~es at ~Ae MORiGAGEF inay
direcl; and all (irs and w7ndstorm inaureoce poficies on any of said bu;id+nqs, any iroerest thertin or part Ihrreof, in the agg~~ga~e su~o afo~esal~ w
in e~cesi thereof, ihbll con~ain ths usual itandard mortgagee claute Ot such other clause ~s the Mortgagee may ~equ~re, ma?ing tha ioss unJar ~a~d poli-
c;ei, each and eve~y, payabte to said MORTGAGEE as ir~ imerr~t may appear, and cach and eve~y suth policy shall be p~omptly ass g~rd a~~d dei~.~r~~d ~o
any hrld by sa7d MOR(GAGEE as further sewrity ro said mortgage dabt, and, ~wt less than ten (101 days in ad,;ance o} the expirahon of eech policy, to da-
live? to taid MORTGAGEE a renewal thereof, together with a ~ecc~f* f~• ~he premium oi such reoewal; and ~here ahati be ~w f~rr o~ windaro~~n insvrance
pi~c~d o~ ~ny ot said buildirgs, any +nte~esl thereiq p p»~ lhereof, un!ess in the form and with tha loss payab~s af aforesaid; and in the event any sum
of money brca~nes payable undet wch policy p polKies said MORTGAGEE shall have the oplion to rKaive and apyl~ ~he u~»e on.acco~r~~ of ~he indrbted-
~eu secured hergby w 1o permll ~aid MORTGAGORS to receive and use it w any parr thereo! ior o:hc~ pur~~as:s~ 1Y~IFluJ1 ~h,reu~ ,va~.~~~~ ~~~~p„~r-
7nfl any equ~ty, lien w r~gh~ under or by vir~ue of tF~is mortgage; ~~d in the event iaid MORTGAGORS shall fw any reason fail to keep ~he s~~d prem~s~•a so
insured, or fail to deliver prampfly sny of said poficies o~ insurance to said MORTGAGEE, or fail promp~iy fo pay fuify any p~e~nrurn therefo~ w in a~y
respect fail to p~vform, d+scha~ge, execute, afietl, comple?e, compfy with and abide by this tove~ant, w any par~ hrreof, said MORiGAGEE may place a~~d
pay fw such insvrance w any parl thereof withwif waiving w affecting any option, lien, equity, or right u~der or by virtue o~ this Mo.tgage, and the
f~ll amo~nt of each and every such payment ahalt be immediafety due and payable and shal! brsr interest {rom ~he datd thereof untii paid at the ratt o1
nine per centum per annum and to~ethrr w~th such inter~st shall be sctured by 1he lien of thia nwrtgage.
1. To permit, tommit or ;::f~-~ no waste, impa~rment w deteriwation of said property or any pa~t thereof.
S. To pay all and singulu the costs, charges snd expenses, ~ncluding a reasonable attwney i fee and costa of abstracts of titte, incurred or pa~d at
e~y time by w~d MORiGAG.E, because o~ in the eveM of tAe fa~lure on the pa~t of the said MORTGAGOR to duly, promptly and fully pzrfo~m, d~xharge,
sxecute, eifect, complete, comply w~th a~d ab~de by each and every the stip~lanons, agreements, cond~lions, and covenanes of sa~d p~om~ssory nore and this
mortgage any a either, and sa~d cosn, charges and expenses, each and every, shaN be immediatety due and payable; wt~ether w not there be no~~ce de
mand, a»empt to co~iect or tuit pending; and the tull amount oi each aod every such paymenl shall bear interea~ from the date thereof until pa~d at the
rate of ni~~e per centum pe: ann,.m; and all aaid cos~s, char9es and expenses incurred or paid, Iogether wdh suth interest. ~hatl be secured by the lien of th~i
mor~gage•
b. That (a) irt fhe event of any breach of this Mortgage or default on the part of the AIORTGAGOR, w(b) in the event any of said sums of mo~ey
herein roferred to be not promptly and iully paid within thirty (30) days neat aiter the same seve~atty betome due and pa~/able, without demand o? norite.
or (c) in IF+e event each and every ti~e itipulahons, agreement~, co~d+'rions and covenants of sa.d promiswry note and th~s mortgage any or e~ther are nol
~uly, prompt{y a~d fu1~Y performed, d:xharged, executed, effected, completed, complied with and a~~ded Sy, then in e~ther or any such event the aa~d ag-
gregate sum mentio~~ed in said promisswy note 1Fx:n remaining unpaid, with interes~ acuued, and a11 moneys stcu~ed hereby, shall betome d~e and pay-
able forthuv'~th, or the~eaf~cr, at the option of sa~d MORTGAGEE, as lvlly and compietely aa ii all of the said sums oF money were originally stipulated
to be pa~d on such d~y, anything in aa.d p~om~:swy note w in this Mwtgage to the contrary ~otwiths!anding; a~d thereupon or thereafter at the oprion of
said MORTGAGEE, wirhout nor~ce or ~mand, suit at !aw or in equ,fy, iherefwe w ~hereaf~er begun, may be prosecuted as if all moneys secured hereby
n~d mawted pno~ to ~ts insutut~on.
7_ That in the evenr tha! at the beginning of or at any fime pend~ng any su+t vpon this Mortgage, a to foreclose it, w to reform it, or to e++force
F.3ymenf of any cf,[•.,s hereur.der, said M.ORTGAGEE sha71 a~ply to the Coun havirg jur,sd.c.:on thereo' for the appointment of a Receiver, avch Court shall
Ferthwith appc~nt a r~ceive~ of said mortgagcd p~operty all and singular, in~tud~ng ail and s~nguldr the ir.~ome, pro!rts, issues an~J revenves from whalever
s:~,~ce da.ived, each a~,d every of wh:ch, ir being expressiy undersiocd, is hereby mor~gagcd ai ~f spec,f~~a3:y sef forr6 and described in the granting and
h.;bendvm ci,~;,ses her,~of, ,r.d such Recei~rr sh~u have all ihe broad and eifect:ve f~ntt.ons and powers anyw~se entrosted by a Cou.t to a Receiver, and
s.ch appo~ntme~:t sha;; be r..,de by wcn Court as an ad:nittrd equity and a m.atter of absoiute righl to sa~d MORTGAGEE, and witho~t reference ro the
adrquacy or ;ca3rquac~ ot thr va,~e of the property mortgaged or ta tl~e savency os ~n50YYCMy of sa~d 6tpRiGAGOR o? the dete~;dants, and that s~ch
rents, profits, ie.co•r.e, iswes and rever.ues shall be applied 'by such Recerver atcordmg to the lien or eqvit~ of said MORiGAGEE and the p~aclice of iuch
Cour~. , ,
8. To d„'y, Fro~^F.r'y and futty per{orm, discharge, execute, effect, comp;cre, comply w:th and ab;de by each and every thx stipulations, agreements,
conditient and ccvzna~~ts r. s,u~ prom;ssory note a~d th~s mortgage srt forth.
9. That in the eve~t the ownenhip of 1he mortgaged prem~ses, o+ a~.y part thereof, becomes vestpd in a pe~son olher than the MORTGAGpR, the
:'.ORTGAGE~, its succcss'vrs and ass~gns, may, wiihout notice to the htORTGtiOR, deat w~fh such wccessor or successor en ;nterest w~th rrference to this
r:o-fgage a~~d ihe d_•b+ hereby secured io the sarne mauner as w~ih hlc~rgzgor w~thout in any way vh.ating or d~scharging the Mortgagors' liability here-
ur.der or ~pon the debt hereby secvred. No sa!e of tht prem~ses hereb~ mortgaged and no forbearar.ce on the part of the MORTGAGff or its successws
or asv9~s e~~d no e,e~ersron of rhe hme fo~ ?he paymero of the debr hereby secured given by the MORiGAGEE or its successors or assigns, shall operate
ro re~e~se, d:scharge, mod~fy change or atfect the o.iginal liab~i~ry oi ~he MORfGAGOR herein, eitF~er in whole or in part.
10. It is spec:~~ca~~y agreed rhat time is of the e:sen~e of th;z contract and that no waiver of aoy obl;gat~on herpunder or of ihe obligation se-
c~~red hereby s!-a~: at ar.i time th~=rea`rer be he:d to be a waiver of rhe terms hereot or of the instrumen~ setwed herby.
11. In ;~,f r:a:a •o r~,~- fore_JO n~ rronth'y payments of pn~c pal ar.d inr~~rest required by the prom:ssory no!e secured he~eby, mortgagor eovenants
~~.d agr•=es fo r„y to :r.o-ty_ig~e v~~;h each monrh~y paf~;:ent an add~nonal sum es•meted 6y mortg~gee to be equal to 1~'12 of the annual cost of the fol{ow-
n .
A-AEi r~at croperry taxes te~ned er assessrd a~ai•~st the above described re~al estate.
B Pr~•:,•:u ::s on f~re and wi,~d,+o•m inwrac~e as here~n rcq~;red to be carned on the im;.roveme~ts situate on the above destribed premises.
C-Premkur•:s on such morrgage guaranty ir.svrar,ce as me~tyagee shaii frcm. +~me to time deem fit to carry on the loan secured hereby.
Mortgagee sh,f! fr~m time to ume noiify mortgagor in writing of the amount dve and payabfe hereunder and such s~m sha!! thereuporr be d~e and
;_~;abie on rh_~ d~e dafe of ihe n_x~ month!y pay~nenl and each successive month thereaSte~ ur.til mortgagee shall notify mortgagor of a change in such
r~~.o~nt. Such sums sha:i be app;~ed by mortgagee toward the paymem of reaf property taxes, insurance prem:ums, and mortgage g~aranty inwrance
rremi~ms.
)~t ~'J1TNF~5 ':+HEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and ~rear fint aforesaidc ~ ,
S~gned, Sealed and delivered in the presence of: ~i'
lifi~'~~ !Sean
- , " ~ ames Bd~rar Ro 1 csee~>
~ Y~ a
~
tseaq
;
- r a . o er tsean
i
j STATE OF FLORIDA ~
COUNTY OF St. LL1C16 ~ ~
` Befwe me personally appeared - .J~IIeS ~N rd Rol ~ or
and
` MaY tha .1. Roller his wife, to me well known and known to me to be
the individvals described in and who exec~ted the foregoing insfrument, and acknowiedged before me that they ezecuted the same fw the purposes
- rherein expressed. And the said Martha J. Roller
~ w~re of the said Jaaes Sdward Roller
s, upon a sepa.ate and private
exam~nat~on by me taken separate and apart from her said husband, acknowledged to and before me thai she executed said instrument freely and volum
' rarily and without any compulsion, constraint, appr~h~e~n~s:~o~` w fear of or from her said husband.
WITNESS my hand and offic;al seal thts_-._~"?~ day of D'ec~ber A. D. 19 73 "
.
J
- ~ ~ --:'~--t-e/
~ ' Notary Pubtic in and for State of F:orida at large
~ ~ ~ ~ • ~ : My Commission expires:
; ~ ` _ .
. FirsT fet*r~~~avings 3 loaA~.AtSLciation
~ _ : fD.f'Poc~~~ce.: ~ Netery TvbRe. SIoM ei F1orid~ d Leey~
~ ;Porf P~erce, El~jda My Commi~sion Eapira Oct. 30, 1976
. i V u ~ .
ry~• p 1~ 8ondsd 'oy Americon Fr~ 8 Cosuolty Co.
i ~ :
~ ! v
F r T^ . . ~
~~i~ • ~
- ~ Thi~~l`nsif~mMif Prepared ByJ. H. Roberts, Jr. FILEO AN;; RECJ~OEO
~ First Federal Savings b Loan Association ST.IUC~E ~QUNTY fLA.
j of Fort Pierce , Florida ~ ROC~~ ~~iS~AB
? ~ CIEW~ CIc:C~cT COURT
~ Checked ey R~rnaD v«~~tEO..~....--.•
~ ~4Qx22~ PAGf28 o~c ~e ~0 4o a~ ~73
'4 z~o~4o
: . . ~
i .
G