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HomeMy WebLinkAbout2110 3. To place and cont:nuo~sly kttp on t}~r b~~'d~<<gs norf oi heraafter ~lt~~ate on s.,~d land and on a~l eq~~p~»en/ and perso~a~ly tovrred b~ ~his mo~~g- ags, w~th aU pren~~~•ns th_~eon pad ~n f~;l, fne !ns•..rance ~n ihe us~ai s~and~~d pc,!~cy torn~, in a aum appro+~d by rhe MORiG~C~EE. a~~d w~<<Js~o~m insurance in the u:ual sr,~,ca~d pa.cy (orm, in a sum aFE~ro.ed by ~he fi10RTGAGEE, in such company or CO•npar.itf as ~~e MORiGAGEE may duec~; ~nd all liro a~ d w~nJiTCnn insv~an~e ?.o~~c~es on any of sa~d tw~~d.ngs, any inrerta~ ~hnrrin or parl th~-rro1, in the aggrc~a~c wm atoresa:d w in e~cess Ihereof, shall :ontain ihr usual s~a~~dard mortyagze c!ause e~ such other c~o~se a~ the Mo~tyayee mey rrqu:~e, ma~i~g ~ha ioss ~~~der ~,~d polf ues, each and every, payab}e to sa~d f1JR7GAGEE as ~~s ~:~t.r~est m.~y apyear, and eech and evcry such µ~i,cy shall be promp~ly a~s gned a~~d deirv~•rrd ~o eny held by sa~d h10RIGAGEE as funhrr secwity to said mortyage debt, and, not less than trn (10) days in ad:ante o1 the expirat~on of each poGty, to de- Gver lo eaid MORTGAGEE a renewal ~he~eof, together wiih a rete~pt fo~ the ~remium of wch renewal: and ~hrre shail be ~w f.re o~ w:~~duonn insuronte placed on any of sa~d build~ngs, any imarest there~n or part thereof, unless ~n the (orm and with the Ioss payaL!e as aforesaid; and in ?he eve~t any ~um of money becomrs payable ~nder such policy or pol~c~es sa~d MORiG~GEE ah~ll have tFw opt~on to rec~ivr and apNly the sa~ne on accov~t oF ~he inJcut~d- ness sec~red hc~eby or to pe.nu~ sa~d ~~10RTGAGORS to recaive and use it w any part ~hr:eof ior oc;~~~r {:uij..SC1, w.~n'.cl ih:•. u~ ~~~.;:~~r ing any equ~ty, t:en w ~iyht under cr by virtue of this mo-rgega; and in the evem sa:d MORTGAGORS shall fw any reasun :eil to keep the sa~d prem~s_s so insured, or Fail ~o de~:ver promp~ty any of sa~d polic:es oi ~nsurance to sa:d A~ORiGAGEE, or fa~l pron~~ptly to pay }uily any pre~nwm ~herrfo~ or in a~~y re~ped fail to pe~iorn~, d~scha.ye, executa, effect, canple~_, co~np~y wi~h and abide by this covenan~, w any part hereof, sa~d MURIGAG~E may piec~ a~~o pey tw such ins~rance or any pa.t therro( w~~hovt waiving or affeuing any option, ~ien, eqwty, or r.yM under a by v~~~ue oF this Mortgage, ar.d thc f~Il amoum oi each and eYe+y such paymem shatl be im~nediate{y due a~d payable and shall bear intaes~ from the date rhereof ui.til paid at the raie ol mne per cenrum per annum and to~rther vc~~h such lnrr~~.s~ eFwi~ :,e sc~cured by the I~en of thls mo~tyage. 1. To permit, commit w s~fier ~o waste, impa~rment w deter~orat~on of sa~d prcperty or any part thereof. 5. To pay all and singular the costs, charges and ex~:enses, includ~ng a ~easonable attorney's fee and costs of abstracts of ti~le, incurrrd or pa~d at any time by sa~d b10RiGAG:E, becauae a in the erent of ~he fa.Iurr on the part oi the said MORiGAGOR to duty, pron,p~ly and futly pn~lorm, d~schar9r. ,recure, ef(ect, comp;ete, co•npty w~th and ab:de by each and every the ~t~p~la~:ons, agreeme~ts, co~d~no~u, and covenants of sa~d pro~nisaory note a~~d ~hts morrgage any or either, arzd sa:d costs, charge~ and expenses, each and eve~y, shall be immed~a~ely due- and payab~e; whether or not there be no+~ce d~ mand, atte~npt to co~lrct w s~it pending; and Ihe fu:l an:ouM of eath and every such paymeN shall bear interesl from the date therrof until paid at the r.,te o~ ni~ee per centurn par on,e;,.n; and aU sa~d ;osts, charges and cxpcns~s ioturred or pa~d, lo9ether wuh such interest, shall be setured by thr I~en of th~~ mo: tgage, 6. That {a) in the even? of any breach of th~s Mortyege or on tn- part of tne A!ORTGAGOR, or ;b) in the event any oi aatd ~ums of money t~erein roferred ro be not p~omprly and lully pa~d wnhin ~~..ry ~30) dav: nr..~ a;... ~ne sanee severa:ly Ixcooie due and payable, wiihovt demand or notlce, er (c) in tha event each and every ~he st~pulan~..,, agreements, cor,d: .o~~a and covenants of sa d promissury note and ih~s mortgage any or ei~her are nol ~uly, prornptly and fully perforn;ed, d.~.:.erg~~d, executed, effected. _ompletrd, comyl;ed w~th and a6~drd Sy, then in e;ther or any auch event ~he ae,d ag~ ~rc•gate sum menrioned fn Seid pm .:as~r~ :^•~c ~hen rema~nmg ~ nF a~d, w;rh ~ntere;t accr~ed, and a;l moneys secu.ed hereby, shall become doe and pay- a~x forthwith, w thereafter, at •ne ~.pt~on ol -a~d .'.~ORTGAG~~, is fuily and comp:etety as if alf of t}tr said svms of money were o~~ginally st:pu:atrd to be pa~d on s~ch day, anyihin~ in s~:d pro~n~sw:~• note ur 1n t?.~s Mortqage to the conrrary notrvirhstand~ng; end ~hereupon or thereafter at the ophon of s+~d MORTGAGEE, w~thout non_e or de~. and, su~t al :•w or in eq~~ty, tner~fore or thereaher begun, may be p~osecuted as if a!1 mo~eys secured hereb~r n_d matured pnor to ns inatitut~on. 7. That in the event that at the beginn;~g af or at any f~~ne pe~ding any su~t upon rhis Mortgage, or to foreclose it, or to ~e(o~m it, or to enforce F~~ayment of any daims he~e~nder, said h',ORTGAvEE shait npply tu thr Court havir.g ~wnd.ulun thereof for the appo~ntment of a Rece~ve?, such Co~~t shail fc::hwith appoint a receiver of said mortgaged property alt and singula., indud ng al~ and s~n~ular the income, prolns, issues and reve~~es lrom wha~ever s~~rce derived, each and every of wh~ch, if t,e~ng expresily unders~aod. ~s F:ereby mortgagrd as if spec~ficaliy set fa~h and described in the grann=~g and h abendvm clauses hereof, and such Receiver shal{ ha+e aP the br~ad and eifecr;re funct.o»s and powe~s in anywne eMr~sted by a Gourt to a Recei~er, and :_ch apoointment shall be made by such Court as an admitted equi:y and a mauer of absolu~e nght to sa~d MORTGAGEE, and wirhout reference to the n~irquaty ot inadeq~acy of the va!ue of fhr property mortgaged or to the so~vency or ~nso:rency o( sa~d b10RiGAGOR or the defendants, a~d th~t wch renrs, profits, income, iss~es ard revenues ahafl be appGed b~ such Receiver accord~~~g to the lie~ or equity of said M~RTGAGEE and the practice of wch Court. 8. To du!y, prompt:y and fui+y perform, d~s:harge, exec~te, effect, compirse, co~nply wrth and ab~de by each and every the stipuiatio~s, agree:nents, conditions and covenan~s m sa~d promiuo:y nare-and fh[s mortyage sr~ fo~th. 9. That in the evem the ownenh~p of the mortgaged premises, or any part thereo(, 6ecomes vested in s person other than ~he MORTGAGOR, the .'.~RiG~GEE, its successors and ass~gns, may, v.ithout nJLCC to the ti1~RTGAOR, deal w~th svch succeasor or successor in ~nterest with reference to this •~•t9age ar.d the debt her~6y secured in ~he same manner as ~nlfh h4;.ryagor wrtho~t in any way vit,ating or d~xha~ging the Mwtgagors' liab;i~ty herr ~~~er or upo~ the debt hereby secured. No sa!e of the prem~ses hereby mo~tgaged and no forbearance on ~he pa~t of the /AORTGAGEE or its wccesso+a cr ass~gns and no exrens~on of the ~:me fnr tl:e payme~~t of the drb+ hen.by securrd g:ven by the t1tORTGAGEE or its successws or ass:gns, al~ail operate ro re~ease, d~scharge, mod~fy change or affect the oriy~nal liao~iny of fhe N.URtGAGOR herein, either in whole o~ in par't. 10. It is spec~ficaliy ag.red that time is of the esser,ce of. th:s convact a~d that no waiver of a~y obl~gat~on hereunder w of the ob:igstion se- cu:ed hereby shali at any time ~hereaiter be hzid to be a wa~ver of the terms hereof or of the instrumem secured ha~by. 11. In acid t;o:~ ta thN focego ~~g morth!y payn:_nts o4 inc pa: and intr~est ~eq~~'red by the prom"ssory no!e secvred hireby, mortgagar covenants ,~d agrees to pay ro ~r.orrgagee ~~~rh eacn r.:onthiy ~.•ar..en~ an atid~r~~r.al sv+r, ev •~~ared by mortgagee to be equal to 1'12 of tF.e annua! cost of the foltoa- I A-AIl-reat propert~ ta¦cs Iev~,d or asse:s_ci .,g.~r•st i~•_~ aF.ove desc~~~~d r_~al es~ate. ` B--Prc ~r.~~:ns on f~re and w,:,dstor~n ~r.swarce as ners~~ rc~q~~:red to b~ ca~red on the unproveme~ts s~t~ate on the above d~scr~bed premises. p ~-P(CRYIW^S on S~[h ma~tg~ge gvaranty ins~,ra~.ce as mort~agoe s~:al! frc~r. t~me to ti~ne deem fit to carry on the loan s^_cured hereby. ; Mwtgagee shad fro~t, t~me to t[me nor~fy mcrt-y~ger ~n writ:ng of the a~-v:.~t d~~e and payable he~eunder artd such surn shali thereupon be due and f :,yable on sh~ due dare of the n~•xt r.:onth:y pay«~=nt and e.:ch successive mo^th theceaftcr ~r.~11 mertgagee shall notlfy mortgagor of a change in wch f ~~o~nt. $uch w:-+s sF~~l !~e app'~ed by morfgagee totia~d the ~:ayn,ent of real proF.erty taaes, insvrance prem:ums, and mwtgage guaramy insurance ~r•niums. i ; IN Y:~TPlES$ '.iH~REOf, the 53~C~ I:ORTGAGOR has hereu~to set his h3r.d and scal the day and year fint aforesaid. € S~gned, Sea:ed end deiivered in the presence of: s al) ~ ~ _ ~~~ch. ~w - Edward I,a? el € ~ e n H. Lange a ~~a~~ ~ /LL11~&._L r»~_~ tsea~) ~ June H. Langel # ~":,TE OF FLORIDA ~ ~ St Lucie ''.;~U~.ITY OF _ • 1 Edward R. Langel ~ Before me rwnally a red end ~ Jean H:e Lange~ a~~une . nge his wi(e, to me well known and known to me to be ? rh_ ind,viduats desu~bed io and who executed the foregoing instrument and acknowSedged beforo me that they executed the same for the purposes r;~ r~,.:~e~n expressed. And rhA :a,a__ Jean H. Langel a/k/a June H. Langel Edward R. Lan el " ~ ..~fe of the said g upon a separate ~nd'~rirate c•ern:nat~on by me teken separate and apart fram her sa+d husband, acknow-~edged tu,~d before me that she eaetuted said instrument~fi'eqly.an~.volun- ~ .•~~y and w~thout any compu"sion, constraint, apprehens:on, or fear of or from her siid~husband. ~~,N'.1!I!!;/~~ ~ i V4iITNESS my hand and offic~al seal this_ _ ~Q day of__ 1U~-•~-€-c 4,~ S j,~//~~_ ~f J /.~.•.~°~b~„ ~j ~ ~ • /f - - ry u lic in an i9( t ~t pf FbGda ~I ~ My Comm~ssion expJ~+~s: ~ ~ R~ r Ret~m io: / V ~ 1~ u~ first Federal Savings 3 loan Assouat~on ~ " " ~ {i ~ : ~ ~ ~ ~ 3 _ ~if io,f P..c.3 NOI;RY PU~UC.STAIE c~.f~~ zet tA~ ~v'= - - fort P~-:rce, il~r;da _ . ' _ A1Y GO~:..{;;~~IJ'i ExFi~ES~J~;y7 •157/ • ~ 8on0a0 6y Arrer~.~n ts.n~ars~tµwt~uir C4 . This Instrument Prepared By R1Cha.rd K. Kayes First Federal Savin s 8 Loan Association fILEO Ale~ RE~ORGEO of fort Pierce ~ F1oIld2? ST.IUCi~ COUMTII flA. ~ itOGi' PMTRAS CIEPr ~ ~~~ut~ COURT Checked By~'~'.~' _ - pcrr,Fi Vf°~f'EO u~ . p~L . ,~r+ I I 9~s AH'T~ -?f ao~M222 P~cEz~~~ 2'7235'7 ~ ~ - - - _ : ~ s_ ~ : : - ~ ~ ~ . x . _ _ . : . . _ _ ~