HomeMy WebLinkAbout1137 TO plate and tontinuo~siy kcep on the b~i:du~ys now or hereaitet situa?e on sa~d ~and and on all cq~ip::irnt and personatly co.ared by this mortg-
s9e, w~th all premiums thcrzon pa:d m(ull, t~re ins~rance in ~he usual ar~~~~Td po'~cy form, in a sum a~;NroYrd b,r the I.'IORiG;aGEE, and w~nds+orm
insu~anca in tha vsual ~tartJard pol.cy fwm, in a sum approvtd by Ihe MORTGAGfE, in suth tanpany o~ Co~npaniAS as Ihe ~'~Q~TGAGEE may
direc~; and all fire ar.d w~ndsrorm ~nsurence po~~c~aa un any of satd bui!d~nys, any interest ihere~n or E~art ihereof, in the eggrrga~e wm afores~td or
in excess lhereof, shatl conr3in ihe usvai s~a~~dard ~norrgegee ctause o~ such oihe. clause as the Monga~re may req,,~~e, maAing the toss undrr s~~d poiF
cies, ench and every, payab!e to said ~~1JRTGAGEE as ns ~nhrest may appear, and each and every such po~~cy shall be prompt~y ass gn,;~i a~,lj d2~ivG«•(I ro
aoy held by satd h1pRTGAGEE as fu~ther sec~rity to sa~d mor~gage drbt, and, no~ less ?han ten (10) days in ad.ence of rhe expirat~v~ oi earh pol~cy, ro dr
live~ to aaid MORIGAGFF a renewaf ihereof, toge~her wnh a receipt far ihe premium oi such renewal; and ~h~re shall be no f;~a or ~v;nds~orm insvrance
p~aced on any of sa~d buildings, any interest 1hcrNn w part theraof, unless in tht form and wi~h the loss payable as aforesaid; and in the evem any sum
of money becomes payabte unde~ such poli~y e~ pol;cies said htORTGAGEE shall have the opt~on to racai.e and apply the san~e o~ account of the inii.:hted-
ness secured hrieby or ro perm~t sa~d MORTGAGORS to recrive and use it a any pa~t the:eof tor o:hrr NurF~osrs, ..~iho.,t ~Il_~cUJ 'N~W~ 1~ o~ nr.p~~r-
~ng any equ~ty, lien w right under w by ~ir~ue of tt.is mcr~gaqe; and in the event sa:d MO.QTG~GOR$ sha!t tor any ~eason fai! to keep the said pre~n~s_s so
~nsured, or Fail to de~iver pranpfly any of said polic:es of insurance ta sa~d A10RTGAGEE, or fad pro+npNy to pay fulty any•premwm therafor a in a~y
respect fail to perfo~m, discharye, execute, effect, comp!ete, co:nply with and abido by th~f cove~anl, or any p3rt hereof, said MORTGAGEE may p~ece a~~d
pay for wch insurence or any part thereof w~rhout waiv~ng or affecGng any option, lien, equ>>y, or r~ght under or by virtue o! this Mor~gage, and the
full amounl of each and every such paymem shat! be unmediaiely dve and payable aod shall bear intenst fram the date thereof until paid at the rate ot ~
nine per ~zntwn pet annu~n ared to3rth~•r ~rith w.h i~itcrest shati bE sccured by ihe lien Of Ihis mOrigage. ~
io permit, commit w suffer na waste, impairrtxni or deterioration of sa~d properry or any part thereof. -
5. To pay af! and singular rhe costs, charges and expenses, inc~uding a reasonab!e attorney's tee and cos~s of abstrads of titte, incurred o~ pa~d at
any t;me 6y said MORiGAGfE, Decause or in the event of tne ia,lure on ihe part of fhr aa~d MORTGAGOR to duly, promptty and fu:~y periorm, d~scharge.
>xec~te, effett, canpiete, comply w~th and ab:de by each and every the st;pularrons, ag~eert~ents, cond~tions, and covenants of said prorn~ssory ncte and ihis
•~~orrgage any or e~~her, and aa~d costs, charges and expenses, each and every, shall be immediately due and payable; whether p not ~here be no~~ce dr
niand, attempt to cotlect or suit pend~ng; and the tull arnount of each and every svch payme~t shatl bea~ interesr (rom the date rhereof until paid a1 ?he
r,,te of nine pe+ cenrum prr am~um; and all sa~d co:is, c4~a:ges and expe~ises Incu~rrd or paid, together w~th such inte~est, shall be secured by the I~en of this
mortgage.
6. ihat (a) in the event of any brrach of this Mortgage or defautt on Ihe part of tne MORTGAGOR, or ;b} in the event any oi sa:d sums of rtroney
hcvein referrcd ro be not p~o~nptly and fu!)y paid with;n thnty (30~ days next after the same severaliy become d~e and payable, without demand or notite.
or (cj in lhe evero eath and every the atipu:ations, agreements, conditions and covenants of sa.d p~om~ssory note ar,d th~s m.ortgage any or either are not
~uly, promptly and fully performed, d~scharged, execut,,~d, eitecred, co~np~ered, compl~ed wirh and ab+ded 5y, rhen in e+fhe? or any sv~h event the sa~d ag
gregate sum menrion~d in said pronussory note tfirn remaining unpaid, witA i~terest accrued, and all moo~ys secvred hereby, shalt become due and pay-
ab~e forthwith, or tF.ereafter, at the opnon of said lNORTGAGEE, as fully and <omp:etely as if a~i of the said wms of money were onginaily artpu!ated
~o be ~n:d on wch~dsy, anyth~ng ;n sa:d prom~sswy note or in this Mwtgage to the cor~r.ary notw~thstand~ng; and +hcreupoo or the~eaiter a~ ~he opt~on of
sa:d MORTGAGEE, wiihout nc,r~ce or demand, suit at !aw or in equ,ty, therrFure a thereafter begun, may be prosecuted as if al~ moneys secured hereby
nad matured pnw to ~ts inst~t~tion.
7. That in the event that a? the beg+»ntng o! or at any time pending any w~t upan this Mortgage, or to foreclase it, w to reform it, o~ to enforce
payment of any cl~ims hereunder, sa;d M.ORTGAGEE sha!I apply to the Court ~aving jurisd~ction ~hereot for the appo~ntment of a Receiver, such Cou~t shail
Fo~thwith appoEM a ~eceiver of said mortgoged Froperfy a!t and s~~~gu:ar, inci~d,ng alt and s~ngular rhe income, prolrts, issues and rever.ues (~om whetQVer
source derived, each and every of whrch, it be~ng express(y understood, is hereby mortgaged as if spec;ficaily set fonh and descnbed in the gramutig ar.d
habendum dauses hereof, and such Recz~ver shai~ have atl the broad and effecr;ve funa.cns and powers in a~yw~se entrusted by a Cour~ to a Rec~iver, ar.d
s; ch appoinime~u shall be m~de by such Cou~t as an ad:nitled equ~ty and a n:atter of abso~ute righ~ to said A1~RTGAGEE, a~d without ~efrrence to the
edeq~acy or inadeq~ac~ of thz vaiue of the prope~ty mortgaged or to the ao,venty or inso:venry of sa~d MOR~GAGOR or the defe~,dents, ond ~hat such
renu, profiss, income, issues and revenues shati be appi(ed by su.h Rece~ver accordwg ro the lien or equity of said MORiGAGfE and the practice of such
Court.
8. To duly, promp!;y and fully pe~form, d~scha.ge, execute, effect, complete, ~omply w;rh and abide by each and every the s!~pu~ations, agreerr~¢nU,
;onditions and covena~ts ~n s~~d promissory ncee and sh~s morrgage srt fwth.
' 9. That in the event the o~vnersh:p of the mortgaged prem~ses, or anv part thereof, becomes vested in a perwn other than the MORTGAGOR;-ehe
.10RTGAGEE, ~ts successo.s and assigns, may, w~tho~t no~~ce to rhe .Y,ORTGtiOR, deaf wrth such wccessor or succ• ,sa in mteres~ with refererce to this
n~.o•tgage ar.d the debt hereby secvred in the same manner as with htartgagor w;thout in any way vit:ating or d~>. •:arging the Uortgagors' liability here-
under or upon the drb+ he,eby secured. No safe of the premises hereby mortgaged and no forbearar.~e on the pan ol the /ApRTGAGEE or its successors
or ass~gns and no exrens~on of the e~me ior thr paym.em of t1,e debt he.eby secured aiven by the MORTGAGEE or ;ts avccessors or ass~gns, ai~all operate
ro re!ease, d~scharge, modify ~hange or affect the orig;nat tiab~l~ty of the MORiGAGpR he~ein, eifh~r in who:e or in par~.
( i0. It is sptc~f;caliy agreed rha~ t~me is of the essence of th;s contract and that no wai~er of any oh?~ga~~on hereunder or of the obligation sr• '
tured hereny sha!i at any Gme thereaiter be h~:d to be a waiver of the terms hereof or o4 tt~e u~srrumem sew~ed hcrby.
' 11. In add,tion to the for~go ng ,ncr,th!y paym_ms ot pri:~c pal and i:it2res! reqvired by ttie prom.sse:y no•e secured her~by, mortgagor tovenaMs
~ ~~,d agrees to pay to mortgagee ".~rh each mor.~hiy Yayr.•enr an add,r;ona! san: esr,:~;ar~d by morrgjgee fo be eG~al to 1: ]2 of tn•. an:~val cost of the fol;ow-
f
A-All real propcrty taxrs ',ev~ed or ass<ssed ag-+i•,st rh~ above desa;~~-d real estate.
B-Pren,;~~nz o~ f+re and w~ndsrorm ~ns::rar~e as he~e~n ~eq~:red to lx car:~~d en the :m, roveme~ts s~tvate on tha above d_scr;bed premises.
C-Premi~rns on s~ch mo.rg~ ~e gua•anry insure.:ce as mo~rgagee sha~! from ±-me ro ~;,ne deem !it to carry on the toan secured hereby.
' ldor!gagee sh~;l frcm time fo tur,e nc~ify mcrtgaro! ~n v~,+it~ng of the amou~t d~e and payabte hereundar and suth su~ sha!I theteupon be due and
~ ~~yable on the @~e eiaie of the next month[y paymant and each svccessive month thereaftrr ur.tii mortgagee shall not~fy mortgagor of a change in such
-^~o~nt. Such svms sFa:f be ap~,!ied 'ey mcrtga~r_e tu.va•d si:e paymeni of rea! ~reperty taxes, insura~ce pr~em,um3,,, artd mort age g~aranty insurance
~ n•e ' ms. ~
~ N wITNE55 ~.:NERE f, the h~ORTGAGOR has hereumo set his h~r.d and sea! tfie day a~d yeji fir;r~atoresa' . '
f ~ ~ n , ' d 'ive d n Fe pr ence of: ~ ~
FfLEO ~?s^ a -CJr~L~Ea ~,~j
r ~T`
1 S . S
T. l
1 i C,{ _~N7Y FLA. L'^' ' C' -~15ea1)
; RC~~ ~:^'~RAS \ J n C. Van
; , CIfFK .,J~T CO~J{i~ ~ i5eaq
~ t~'itness ~ ~F~"f~~~~' Marie L. Vance ~~a~~
~ (Seaq
~ S~ATE OF FLORIDA ~ !U OS n1~ S 1-1
: COUtJTY OF _ ~
= st. Lucie 2'7a~64'7
i -
' Before me perwnally appeared _ -10~1[1 C. Vanee a~
` Marie L. Vance
his wi1e, to me well known and known fo me ta be
the individuais desc+ibed in and who executed the foregoing instrument, end acknowledged before me that they executed' the same for the purposes
rherein expressed. And the sa~d-_~ M8Y1Q L ~/~CQ
` J~:+z of tF,e ~a~a John C Vance
, upon a separate aod privste
f examfnat~on by me taKen separate and apart from her 'd band, atkrwwl~dged to and before me that she executed said instrumen! f~eefy and vaun-
rarily and wlthout any compu'sion, coastraint, appr ~ of or from her said husband.
~VITNESS my hand and offic~a: seal th~s__ d~y o Januar '74
, A. D. 19
Notary Publ+c in and for the State of Florida at large
My Commission expites:
Ret~rn To:
First Federal Savings 8 loan Associat;on . ~ - R~ ~ ~
04 Fo•t P.:ce. ,J
Fort P~rrce. F:.~rr» ,.'~~'I.i+1f11~; ~ ~.9t.s?.. .
, . -
. ~ p
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! • ~ r~ ~ ? ~
` This Instrument Prepared ByJ. Harold Roberts, Jr. ''':'~QYti~r_•
.
.
First Federal Savings 8~ Loan Association =
of Fort Pierce - ' " ' ~
, Flor ida _ : ~
~,p ' r~`:.f-M~~~~i~v`.
Checked By _ ' • ~
O,i;
0 Q j~1.~~:a? sb
~O,~f °AGE ~~~7
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