HomeMy WebLinkAbout1575 3. To place and .ontinvo~sly keep on the bu~'d:~.9s now w hereafter snuate on sa~d ~and ar.d on aG eq.,~~~~~r~t a~~d pe+sona~ly [o-.ercd by this morrg-
ps, with sll premium3 ~f~ereon pa,d ~n !u;l, Lre ~niwa^.ce m tnt usuel sra~u~ird po5cy form, ~n a s~m appro+~d b~ Ihe h10RiG:.GEE, a~~d w~nds~o~m
insu~ance in ~he usual •randard po: cy fo~m, i~ a su:n aNpro~ed by ~hs MORiG~GEE, ~ucd company cr compa~~es as ~he htO~T~,AGEE may `
dirett; and ~II lire and w~ndstorm inwran~e po~iues o~ any of sa~d Fx,~~d.ngs, aoy iroe.es~ therein or par~ thereof, in the egg.cgafe su:n afo~esa~d or
in eacess thzreof, shall cwi~ain ihe usual s~a.~da~d mO~ty..gre uavu w svch o~her uause as the Mortgayee may requ.re, rt~a4inp ~he wss u~~dr~ sa+d poli- ~
cies, each and every, payabie ro said 1tJRTi,AGEE as ~ts m~rrctf may appesr, and each and evcry suc~ pa,:c~ s~.a11 tx prornp~~y ass gnrd and deGvrrcd to •
any held by se~d M~RiGAGEE as funhrr sec~r~ty to sa~d n:ortga3e drbt, ar.d, not :ess iFwo ten (10) days in aJ:ar:ce of ~he e~puat~on of each po6cy, to dr
liver to said MORTGAGEE a renewat thereof, toye~her with a rece~,~t fo~ ~!~e premwm ot such re~ewe!; and there shail be no f.re o~ w~nduo•m inswance
placed on any oi said build~ngs, any iroerest tnerein a part thereof, un!ess in ~he form and w~th ttx wss payable as a4oresaid; a~d in the e~ent any sum .
of money becomes payable under such poticy or poLc~es se~d MORiGAGiE a!~11 have ~he opt~on to rete+ve enci app1~ the sanie on acco~nt of tht ind~bted-
nee~ secured hereby o? to perm~t sa~d tdORTGAGORS ~o receive and use it o~ ar:y pa~~ ~he:roi far o:i:.,r ~.ur~.cies, v.:~+~:. t ch wa~.~~~3 0~ pa~~-
ing any equdy, lien or r~ght under or by virr~e of this moccgage; and in tht evrnt sa d AlORTGAGORS shafl for any reason ia%! to kaep the sa~d prem~s•.s so
insured, or fail to drliver prornptiy any of said po~~tits of ~nsurarite to a~:d MORTGAGEE, or tai~ promNt~y to pay fu~ty any pramwm therefor o~ i~ .?~y
?especT (ail to per(orm, discharge, eaecute, effect, co~nple~r, compiy wi~h and ab~de by ih~s Covrnant, or any parl hrreof, sa~d MGRIvAGEE may pia:e a~~A '
pay fw iuch inwrence or any part thereof w~thout waiving w atfecting any opt~on, ~ien, eq~~ty, or n~ht under or by vhrue of th~s Mortg.~ge, and the
full amount of each and every suth paymrnt shail be ~mrned~ately due and payable and sfia~1 b-re~ intetest f~om tha date tFcrcof w~ril pa~d at the rate ol
n~ne per centum per a~n~:n and 1J~rthi•i w~th s~ch inre.est shali tr_~ secured by the I~en of th~s mortgage. ~
1.
4. To {xrmil, tommif w suf(er no waste, impairment or detenooat~on of aaid property w any part thereof.
5. To pay all a~d singolar the costs, charges and expanses, incl~ding a~easonabte attomey's fee and cous of abstrads of tir.e, incur~ed or paid at
any tim.e by said MORiGAGEE, because w in the evenf of fhe ia~iure on the part of the sa~d MORTGAGOR to dvly, prar~pN~ and fv~~y perfo~m, d~schj~ge.
execute, eff~c?, complete, comply wuh and ab.de by each and rvery the s~~p.,lenons, agreeme~is, tor.dit~ons, and cavrnanrs o~ seld promiswry ~ote and th~~
mortgage any or e~~her, and sa~d costs, cfiarges and expenses, each and every, sMll be immed~ate~y due and payab:e; whether or not ~here be ~o`~ce d~
ma~xl, attempt to collect or suil pend~r.g; and the full ar,wunl of each and eyery such payment shalt bea~ interest from the date the~eof u~til paid at the
rate o~ nine Fxr centvrn p.:r a~i~~u:n; and all sa~d costs, cnaryes and exprnses incurrerl or pa:d, ~ogether w~th such ~nterest, shall be secured by tfie lien of th~s
mortgage.
6. Thar (a} in tha event of any breach of this Morigage or default on the part of the A"•ORSGAGJR, a(b) in the event any of sa:d suma of money
herein refe~red to be not premptly and futly pa~d w~~n~n th,rty +,30) days nex~ aiter ihe same severa:!y bec.x~e due and payable, withou~ demand or notice.
or (c) in the event each and every the stipu:at~ons, agrrements, :ondn~o~~s and covenann of sa d p~om~swry note and ~h,s mortgage any or e~ther are not
~uly, promp~ly and iu1ly performed, d~scharyed, execu~ed, eifected, comp:e~ed, compi~ed w~~h and ao~ded Sy, then in e~ther w any such event the said ag
gregate sum mennoned in said prpm~ssory ncte rhen rem~ining unpa~d, w~th inrerest accrued. and au rnoneys secvred he~eby, shall becume due and ~ay-
able forthwith, or the~eaf~er, at fhe optwn oi s~~d MORTGAGEE, as (u~~y and comp:efely as if aU of ~nr sald svms of money were a~gma:ly stipu:ated
ro be pa~d on auch day, anyth~ng in sa:d p.om;ssory note or in this Mo~tgag~ to the conrrary tlOth'.1F.S:and~:~g; and there~pon w thrreafter at ~he opnon of
said MORTGAGEE, v~~thout notlle or demand, su~t at taw w in equny, therefore or tfiereaffer begun, may be prusecvted as if all moneys secured hereby
had matured pr~w to ,ts inst~tut~en.
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7. That in the event tha! at the beginn:ng oi or at any time pend~ng any w~~ upop th[s A'~ortgage, w~o foreclose it, or to refo~m it, or to enforce
payment of any da~ms bereund~~r, sa~d t!!OR7GAGfE sfia~: epply to ihe Court ha+i~~g ~~r:sd:ct.on chereof for the appo~nsment of a Rece~+er, wch Ceur~ shall
forthwith appoint a rece~ver of s~id rsyorrgaged property af? and sin9~lar, ir.c:ud.ng a:~ a~~d s~~~gu~ar ~i:r mconx, prof,ts, issues and revenues from whate+er
so~rte derived, exh_ and every of wh,ch, it be~ng exyreasty undentood, is h:ereby mo.!gaged as if srec;fica:ly set io:th and described in the granr~ng and
habendum ctauses hereof, and such Receiver sh,~l ha+e a~~ the b::.ad and effecrire funct,ons and powers in anyvwse ent:~sted by a Ca~rt to a Recaiver, and
s~ch appo~nrment sha11 be made by such Cou~t as an ad~n~rr~•d eGu~ry and a•r:a+ter of absci.,re r;ght to sa~d MORTGAGfE, end w~thcut refe~etue to the
adequocy w inadequacy of the value of the proprrty mo•tg;ged or to the so.vency o~ ~nio..ency o1 said MOR7GAGOR w the deienda~ts, a^d ~hat such
rents, profits, income, issues and revenues shafi be appGed by wch Rece~rrr auwd~:jg to the tien w equity of sa:d MORiGAGEE and the pra.tice of s~ch
Court. '
8. To duly, prompt;y and fu:~y pe~form, dizcharge, eaec~+e, ef?ect, com~lefe, comply w~th and abide by each and every the stipulasions, agreements,
cond~tioru and covenan:s +n sa~d prom~ssor~ rore and th's mortga3e set fo~th:
9. That in the event the owne:ship of the mortgaged prem~ses, or any part tnereof, 6ecomes vested in a perwn other than the MORTGAC~R, the
MORTGAGEE, its s~ccessors and as<_~gns, may, wirhout nor~ce to ~he ;.tiORiG~O~, deal x~th sucn successor or svccessor in interest with refrrance to this
morrgage and ~he d~_bf hereby secured in the same manner as w~ch :~o::3ago. w~thout in any way vir:atir,g or d.scharg:ru~ the l~lorsgagors' fiabiLty here-
under or upon the debt hereby secured. No sa:e of !k~e Fre•r.:ses h.r._•b~ mortyaged ard ~o forbearance on the part oi the !~ORiGAGEE or its svccessors
or as:~gns and no eatension of tha T~me ior ihe payment ci tne debt ~e•e'vy secured g~+en by rhe N40RTGAGfE o: its s~ccessors or oss:gns, a~'.all operate
to re~ease, dlscharge, modiiy change or affect the o•~g~nal I~eb.1.t~ of ~he I.10RiGAGOR here,n, e~tF~r tn whoie or in part.
14. It is spec~ficatiy agreed that time is of the esserce oi ~h:s contraa ar.d that r.o waiver of any ob~~gat~an hereunder w of the obiigation sr
cured hereby snail at an~ t~me tFk.rea'ter be heid to be a wa~.er of the terms hereof or o4 the ins:•~ment secured herby.
11. In add ticn !o ~i~e forege ng moo!h'y pa~r, ~nts of prir.c ~ai and inrerest requ;red by the prom:sscry nc'e sctured he*eb~, mortg~yor covenants
and agrces to pay ee mo-tgagee v.~th each monrh'y pa~~ ~e~t an ao:1~*+onal sum es+ ^:a~ed by moc+ga~ee ro be eq~ai to 12 of r;:e a~r:ual ccsr of the foiiow-
ing:
A-AII real Fr~p_ary taxes lev~e~ or assessed aga:~~st th~ abo>e describ_d r,a! es:ate.
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B- Prer.~ ,,•rs on f,re and :nr.ds!orr~ ~.^s~r,;~c.~ cs ne~c~n r;c., red ta b~ cz~•=-o cn the .mp;ovemz~!s t t~ate on 2Fa atx.ve dc~u~bed premisea.
'i C-Pre~~•w.~~s o~ wch rr.ortg;ae gua~ar.sy irsura~::e es mc•rgsy~r sni:: froT. : r. e r~ t,:r,e deem fit to carry on the ioan s~;c~red herebT.
I tl4ortgagee s.^.o i frcm t::nE to +~+^e no?~4y ~r,cr,gagcr ;n «r~rng of the a~-.ou~t d~e ar.d payabte here~nder and wth su~n shait iheteupon be dve and
Fayable o~ fhe due date of rhe rt.,Kt month:~ payme,zt ard each success~+e Tonth shereaf~er ~rei1 :t~agee shall no~;fy mortgagor of a clwnge in such
~ ar~ount. Su:h w:ns sha:i be ap~.:~ed by n~or'gagc~e to„a!d ~~.e pa~ment o! rrai p;cF~e+tf taxes, msTiSa~ce pr~m:~ms, and mortgage Qu~Alu~(.,insur~ce
; {.~emiums. • .
~ {N ~'11TPJESS VJHEREOF, tnr sa~d MORTGi+'vOR has F.erevnto ut his hard and seal the day and year first a{oresaid.
~ S9gned, Seated and de~jvered in tFe preser.ce of: ~ELC~4E~ /
F~LEO ~Y f~~• ~ G ~ aq
' ST.t~~~t '=~~~~AS ter R. tz b
. R~~c „ ~ ~ ~GVR~ 15ea1)
~ :s+jv ~
~ ~ s i~,~~r~ C LER • ~ ~ i t.~ (Seal)
of~!1~-.''" Patr• traub (SeaO
SiATE OF fLORIDA - f ~ ~ .
St . L c ie 7 E~-
C.OUNTY OF u___ ~ ;~'739'7'7
~ Before me personaliy appeared ~lalter R. StTatlb a~ ,
Patl1C10 J. Straub his w:!e, to me well knowr. and known to me to be
the indiv~duais described in and who exec~ted the fwegoing instrument, a~d acknow~edged beiwe me tFut they txecuted the same ~or the purposes
therein expressed. And th- 3a~d_ Patrieia .J. $tr~~1b
~ wi/e of the said Wa 1tel _R . Straub , upon a separate and private
exam~nat~on by me taian separ~te end apar: fram her sa~d husband, acicnowledgcd to and before me that she ezecuted said instru,nent freely and volun-
' tanly ar,d w tho~t any compu'sion, con~traint, app/rehensyon, or tear of or fr~m her said huicand. _
~ WlT~JESS my hjnd and ofFcia! seal this_ L~ - day Qf~_ Feb , a 7 A p ~q74
, ~
. . .c c, ~ , t_
~ " . , -L~ - . , ~ _ >
Notary Pvbt~c in a:d r the Stat of Flor' a at Large
a ~ My Comm~ssion tapires:
Retvrn To~ ' ~ 7 _ ~J~
First Federel Savings d Loan Assccia:;on
,t~~ O; i_:~t P>rc~_ -
?s Fo.r P~_rce. F:~r d~ . .
~ - - ~ ~ ~ , .
r~ ~j
~ • ~ po~/'~/
- ,..~3
This Instrument Prepared 8y,)olut W. Collins ~'1y~ 'r
~ First Federal Savings 8 loan Association - c;, % ~ _
~ of Fort Pierce, Florida = : ~ ~ ~
f ~
~ ~P ~ 1
~ " y C ~
Checked BY " •
;y ~ y^1 ~1[ ' • , ~ ~
I
= eao~ 2~ P~cE ~5~