HomeMy WebLinkAbout2431 3. To p.ace and com~nuou~ly keep on the bui:dings now or t~er_after ?ituero on sa~d land and on ali equipmem a~~d pr~tonally covered by Ihis matg-
ege, with ali premiums ~hrrcon pa~d in (~ii, fuc insurancr ~n Ihe usuat srandi+d po!icy form, in a sum app~oved by 1ht MOR(i,AGEE, a~~J wmdstwm
inw~aoce in +he us~al s~endard poLCy fwm, in a s~m appro.ed 6y the MORiGAGEE, in such canpany or co~npames as thQ M02iGAGEE may
dired; and all fire and winJftorm insurance poliura on any oi sa~d bu~ld~ngs, ~ny imerest tha~ein o~ perf thereoi, in the aggrega~e avm ato~esaid os
~n e~ecess rhereof, s!+sA coarain ~he us~al s~a:~dard morrgagae clauie or such other cleuse as the Mor~ga9ee may requ~ro, ma?~ng ine io~s unJrr sa~d poli-
ciri, each and every, payaGle ~o sa~d h1pRiGAGEE as ~ts interest may appeat, and each end eve~y wch po.~cy iholl 1~ prompt~y ais g~~ed a~~d de~~vrred ~o
any hetd by said MC~R~GAGEE as fur~her secwiry ro said oiortgage debt, and, nof les~ Iha~ Irn (10) d~yf in ad~ance oi the explra~ion ol tach pohcy, ro dr
~~~er 1o said MORTGAGfE a re~~rwal lhereo(, together with a rece~pt for the premium of such ronewa~; and there ahait b~ rw f~re o~ wi~~dsio~m iniu~ance
F~eced w~ +ny o) soid bui!d~ngs, any interest ihere~n a part thereof, unlesa in the form and with /M toss payatrte as afwesaid; and in ~he event any sum
of ineney be~omes payable under s~cfi policy or pot~cies aa:d MORiGAGEE shall have the op~~on to rece+.•e m~d apply the sa~ne on accou~v o( the ind~b~c•d-
ness secured h~raby a~o pernut sa~d MORTGAGORS to receive and ~se it a any part ~hereoi la o~her pwF~oscs, v.rtho:~t th,~,u; •+~a~~~.~g ~~~~p~ir-
ing any equity, tien or ~~ght undrr or by virtue of th'rs mo-tyage; and in !he event ss;d MORTGAGQRS shall (or any rea~on (a~l to keep ~hc sa~d p:em~s:s so
Insured, or (ail lo de6ver pranptly any of said poGciea of inwrance to sa~d MORTGAGEE, or fa~! promptly to pay fuily any pre~nw~n ihere+or or in any
respect iai! ro perform, d;schargr, exrcute, effect, comp!ete, comply with and abide by this covenant, o~ any part hzieof, safd MORiG.>GFE may ptace a~,d
pay fw such ins~rance or any part thereof w~~houl waiving w af(ecting any op~ion, tien, equ~ty, or rigM ~nder w b~r .~rtue of this Mort~a3e, and the
fu;l amount of eech and every such payment shall be immediately due and payable and shall brar interest (rom the date thereaf until pa~d a~ the rate of
nme pe~ cantum per artnum ond to3rth~~ weth suth interrv shai; be sec~red by ~he lien of this mortgage.
I. lo permit, commif w svflcr no wasTe, impaicmen! or deterioration oE said property or any parl thereo~.
S. 1o pay all and singular she costs, charges and expenses, ~rxluding a reasonable attaney's fee and costs of abs~racts of titte, incurred or pa~d ai
nny ti~ne by said MORTGAGfE, because or in the event of the (eiiura on tne part of the said MORIGAGOR to duly, pro~nptly ar.d fully prrForm, d~s<harqe.
e=~cute, effect, comp;r~e, comply w+th and ab:de by each and every the stipulanons, agreements, conditio~i, and covenat~ts of seid prom~ssory note and this
mortgage any or t~~her, and sa:d costs, charges and expenses, each and eve~y, shall be immediately due and payable; whether w not theie be no~ice da
mand, attempt to calect or suit pend~ng; and the full amount oF each and every auch paymeM shal! besr interest 4rom the date thereoi u~ril pa:d at the
r.,ie of ~ine per centum ~r annu:n; e~ ail saiJ cosrs, charges and expenses incurred a paid, together wilh such in~~rest, shatl be srcured by the lien of thii
mortyage.
6. That (a) in the event of any breach of this Morsgage o~ default on the part of rhe ~VIORTGAGOR, or (b) en the event any o! sa:d sumf of money
herein referred to be nm promp~ly and fully paid wi~hin tAnty (30) days next afrer the same severa~ly become dex and payable, witiau~ dernand or no~ice,
or (c) in the evero each and rvery the stipuiat~ons, agreements, cond~tions and covenants of sa.d promisso~y note and th~s mortgage any or either are not
ivly, promptly and iully perfo,med, d;sc}w~ged, exec~trd, eifected, canplered, compGed with and abidrd by, then in e~ther or any wch event ihe sa~d eg
greyate sum ment~oned in said promissory nore then ~e~naining unpa~d, wit~ intereit accrued, and all moneys secured hereby, shall become d~e and pay-
ao:e fo~thwith, or thrreafter, at ihe op!~o~ ot s~~d MO$TGAGEE, as fu~ly and complete7y as if aU of ft~e said sums of money were or,g;nally ~~,p~iated
to be pa~d on wch day, anything in sa;d prom~siory no:e or in this Mortgage to the contrary notw~thstandi~~g; and there~pon or thereafter at the opnon of '
s,~d ARORTGAGEE, withcut nohce or demand, wit at law or in equity, the~efore or thereatter beg~n, may be prosecuted as if all moneys secured hereby ~
n,d matu~cd pnor to ~b inst~tution. ~
7_ That in the event that at the beginn~ng of ar at any time pending arty suit upon this Mortgage, w to foredose it, or to reform i1, or to enforce
p3yme~t of any claim~ he~eunder, .said h10RTGAGEE shall apply to the Cou~t hav~ng ~urisd~ction thereof (or ~he appo~ntmem of a Rece~ver, suth Court shall
rorehwith appoint a rece+ver of said mo~lgaged propeny zll and singufar, inciud~ng a11 and s~ngu~ar the income, profds, issues and revenues from whatever
s_ wce derived, each and every of wh~ch, it be~ng express!y undeittooei, is F.ereby mortgagcd as if spec~flcail~ set fonh and described in Ihe graoting and
haoe~dvm dauses herzof, and wch Receiver sFaU have aIf the braad and e(/ecnve funcnons and powers in anywise e~trusted by a Cou~t to a Recrive-, ar.d
s~ch jppointment shalt be made hy such Court as an admitted equity and a maiter oi absotute right to said MORTGAGEE, and wirheul referer,~e to 1he
adequacy w inadequacy of- the value oi the property mortgaged or to the so~vency or msoivency of said MORIGAGOR or the defendants, and rh~t such
renrs, profits, income, issues and revenues shall be app~;ed by such Receirer occord:ng to the lien w equety of said MORTGAGEE and the prectice of such
Court.
8. To dufy, promptly and fully perform, discharge, execute, effect, complete. comply with and ab:de by tach and every tne stipu(ations, agreements,
conditions and covenants in sa~d promissory note and rhis mortgage set fwth.
9. ~hat in the evant rhe ownenh~p of the n:ortgaged prem~ses, or any part thereuf, becomes vesled in a person other than the MORTGAGOR, the
htORIGAGEE, its suueasors and ass~gns, may, w~thout noTice to thp ,AORTGAOR, deal wnh :uch successo~ or successor in interes? with reierEnce to th~s
:r:o~tgage and the d_o~ fiereby sewred in the same manr,z,• ~s wirh ~dortgagor w~thout in any way vit~ating w d;sc}sargirr~ 1he /dorfgagors' liabi~~ty her~
;~:der or up~n the debt hereby secvr~d. No safe of the Fremises hrreby morlgaged ar.d no forbearance on the part of the /~AORTGAGEE or its wctessors
cr assigns and no extens~on of the rime for ~he payment ot ti~e deb~ hereby secu~ed given by the MORiGAGEE or its successws or assigns, aha11 ope~ate
~o reiease, d:sclwrge, modity change or affect the ony,nal Gau~l:ty of the MORTGAGOR he~ein, either in whole or in part.
10. It is spec~t~~aily ay~eed that time is of the essence of this cantract and that no waiver of any obiigation hereunder o~ of the obligation se-
cu•ed hereby shal; at any hme ihereaher be hald to be a w,~ner of the terms hereof or of the insrrumem secured he~by.
11. In s,dd~rion :o thr fore~c ng n;ontn!y paym•~nts of princ pat and interest required by the prpm;ssory no'e secured hereby, mortgagor [ovenants
d agrees to pay to ~ncrtgagee v.~th each rt,cntMy payr~,ent an add:;iona! svm est~n:oted by mortgagee to be eq~al to 1: 12 of tne annual cost of the fcflow-
!n3
A-Ali real proNerr~ taxas frned or ves~ssed eg~;•,s~ t~~ above descrihed r.ai estate.
B-Pf~T.+i/Ti on ffre and v.~ndsrorm ins~rar.~e as here~n requ~red ro he carncd on the improvements savare on the above descr;bed premises. -
G-Pre:ni~rns on such mo:t~;ge guaranty ir.svra~ce es mortgaqee shail 4rc~n t~me to time deem fit to wrry on the loan se:ured hereby.
~dortgager sha:l from ~~:-~e to nT~e not~f~ mcrtSagvr m w+~nng of the amaunt due and payable hereunder and s~:h sum ihail there.rpon be due and ~
:.,yable on tF~ d~e date of ~he neat rc~onthi~ pay~nent and each svccessive m.onih tnereafte~ ur,tit mortgagee shalt not;fy mprtgagor of a chaage en su[h
, ovnt. Such sums st a!I be a;;}•E~ed Ay mortgayae iG'Nd(d the payment of re31 p~operty taaes, insurance prem:ums, and mortgaye guaranty insurance
, •em~ums.
IN WITFJE55 Y:H£REOF, the sa~d MORTGAGOR has hercu~to set his hend and seat the day and year first a~oresaid.
' Signed, Sealed and de!ivered in the prese~te of: ~~-'''L( p~~~.
in.EO ar~ ~ECJ~~ED
J Z G~- ST.IUC~t vJ~~M7`t FIA. _(SeaO
- - p,~~. ;::•Tp1~5 L Carl E i.efle
' ~ 1t CQURY (Seal)
F~ y-.. ' (Seaf)
. _ riene L¢ le ~~a~~
~?ATE OF fLORIDA f 8 t1 3O -
couvrr oF ST . UJCIE - 2,~~4~~
8efore me persona:fy appeared Garl E. LQf ~.Q1 e~
Marlene Lefler _ t,;s w;re, to me well kncwn and kr.own to me to be
' !he individuals described in and who executed the foregoing instrument, and acknowtedged befwe me that they executed the sama fw the purposes
rherein expressed. And the said~ ~rlene 1-efler
.~ifa of the s~id ~ Caz ~ E. Lef ler upon a separate ond private
' e.aminat;on by me taicen separate and apart from her s a~id, acknowledged to and before me that she executed said mstrument free~y ar.d vdurr ~
~ar~ly and w,theut any compulsion, constraint, apprehe n o~ ear of or frort~ husband. ~
WITNESS my hand and off~Nal seal rh~s____ _ day ~ebru I ~ •;,M~~I}y
~ ~,~~JC(•')(- +
_ ~
Notary Public in a~d f r the State o{ F~c~~ af Lt~
. ~
My Comm~ssion expires: ~ -
Retw~ To: - . ~ • r ;
First Federal Savings d. Loan Assxiat~on ~~I : 1L~ ~ ;
O~ fo.r P nr~e. _ c.7 G~ ~ :
io~t P~..rce. Flo~~da kQT,AY ~ : C ; 3
ALStlC, cT~~ ~ F10R!bA at t~(~'• ~ Q~
, 1, s. t .
F'~ -
~~r,ate~, , tj ` f,:
This Instrumen! Prepared By Rabert A. Swisher ~ Jt . ' `
First Federal Savi~gs 8 Loan Association
of Fort Pierce, Flozida .
Checked By F PA~E~~~~
223
,