HomeMy WebLinkAbout2500 3. To place end co~~tinvously keep o~~ ~~~e b~i'd~r,gt non o~ hrr~eiter ?~tu.~te on s~id tand and on ati equ~p~~:rnt anJ pe~sonally tovr~ed by this mortg-
age, w~th all prrmw~n• ~hereon pad ~n fuil, I~~e ~ns.,~e~:cn ~n the ~s~~~ s~o~~:i.+~d po:~cy fpem, in a e.+m a4p~o+ed by the MOK~~:GiE, a~.d w~nds~o~~n
ms~rance in Ihe us~al ~~a~iderd yoLCy lorm, in e sum appio.rd by the M(JRTGAGEE, in wth cwnpdny or cc~npan~es as the MOkIGAGEE may
dnect; •nd all iire and w~ndetorm mfurance pot~c~rs on eny o( sa~d b~iid~ngs. ~ny interust therein or part therruf, in the aggrega+e s~~n •lo~esaid o~
in excess thereof, afiaU ca~r,,in ~he wwl sta~~d~rd mort~agre tlawe or svch othc~ clause as ~he Mo~tyayea may raqu,re, meking ~he tcss unJrr s~~d po~i-
c~es, each and avrry, pa;ab:e to ss~d A~JRiGAGEE as ~~s ~nrer~•~t may ap~xa~, a~~d ea~h and eve~y such poi.cy atwll 1~ pru~.~pt~y assgnrd end de~~~ei~•d ~o
any heid by v~d h10RIGAGfE as (uithe~ s~currty ro so~d mOrtyayr dcut, and, not less ~hsn tr~ l10) days in ad.o~~ce o1 the expue!~on of each po::ty, to de-
fver lo ~ald MORiGAGEE a re~~ewal thereoF, toge~hrr a,~th a rece~p~ for the pre~~wm o( wch ~enewral; and there shall ba no f~re or wi~~Js~ur~n inwra~ce
placed on any of sa~d build~ngs, any interrs~ therem a part ihereof, unlcis in the (orm and wifh ~he loss payabie as alcresaid; and in the event any sum
o( mo~ey becomes payabte under wch polity or poLcirs sa~d MORiGAGEE sh:.ll have Ihe opt~on to recaive and apyly the same on accounl 01 the indcbtrd-
nass aec~~ed hrreby w to perm~t aaid ~AORTGAGORS to recrrv~ and u~e il a any pa~t thr+a~f lo~ o:h~•~ Pu~p,oics, .•.:i~~o~t th,r~ui .wr+~ ~~'~P~~~-
ing any equ~ty, lien w r~ghf under w by ~•ir?~a of this mc~'gage; and in the evant ta~d MORTGAGORS shall (or any reason fail to k~ep the said prem~sas so
~nsured, or fa~l to de:~ver, pranptly any of said poGt~rs of insurance 1o sa~d MORTGAGEE, or fad prompt~y to pay fu11y any pr~~nwm th~refo~ o~ any
respect iai~ to pe~~wm, d~scharge, e:ecurr, ef(ect, camplrtr, compty wi~h and ab~de by ~hit covenan~, or any pen hereof, sa~d MORiGAGEE may p~ace s~~d
p.~y fw such insurance or any parl thereo} w~~hou~ waiving or affecting any optiai, lien, equ~ty, or right under or by vi~tue of ihis Mwtgage, aod the
f~ll amovnl o( each and e+~ery such paynrm shall be ~mmrdiarely due and payable and sha11 bra~ intere~t lrom the date thereof until pa~d at tha rate ol
n;ne per centum per anriu,n and tOgrthi•r wnh such i+ur~ce~ shaL s~wred by the Gen of ~his mortgage.
4. To permit, mmmi! w suffer no waste, impairment or derariorat~on of said property w any part thereof.
5. To pay all end singvlar the costs, chargea and e:panses, ~nduding a reasonable attorney's fee and cos?s of abstracts o~ tide, incurred or paid ~t
~ny lirne by said MORTGAG:E, becauu a in the eYem of the lailure on the pa~t of the aaid MORIGAGOR to duly, promptly and fu11y perfwm, d~scharqe.
e.ecure, e(fect, compiete, comply w~th and ab:de by each and every thr stipu~anons, agreemenfs, conditions, and cove~wros oi said promissory rote and thi~
nortgage any or either, and sa:d costs, charges and expenscs, each and every, shall be immed~etely due and payable; whei?w~ w not the~e be nor~ce dr
mand, attempt Io cod~ect or suit pend~ng; and the iull a~no~nt of each and every such payment shalt bea~ mterest irom the date thereof un~il pa~d at the
~.~te of ~une per canwm pcr dm~um; an~ a~l sa~d cosis, cha~ges and e~penses inc~rred or paid, toge~her w~~h such interesl, shail be secured by the lien of th~s
morigage.
6. That (a) in thr event of any ~reach oF this Mortgagr or de[ault o~ thz part of the A!ORTGAGOR. or (b) in the event any of satd sums of mo~ey
herein referred to be not prornptly and fuity paid within ih~~ty (30) da~s next after the same severally becon~e due and payeble, without demand or not~te.
or (c) in the event each and every ~he stipu~anons, agreemeots, conditions and tovenaNi of sa:d piom~ssory note and tFus mortgage any or either are no1
iuly, promptly and iully performed, dscAaeged, execwed, effeued, completed, compGed w~th arxl ab;ded 5y, then in e~ther w any such evem the sa~d ag
~-eyate sum memioned in said pron~issory note then re~na~ning ~npa~d, w~th inrere,t accrued, and atl moneys secu~ed hereby, shall become due and pay-
ao:e forthwith, or thereaf~cr, at the opi~a~ of said A10RTGAGEE, as fully and comple~ely as ii all of the aaid sums of money were onginatly st~pu~ated
ro be pa[d on svch day, anyth:ng ir sa:d prom~ssory nute or in th~s Mortgage ~o the comrary noAVithstanding; and thereupon or ~hereatte~ at the op~~on of
s+:d MORTGAGEE, without not~ce or drmand, suit at law or in equity, therefore or thereafter begun, may be prose:uted aS if all moneys secured hereby
r..:d natvred pnw to ~ta institunon. '
7. That in the event tha~ at the beginn~ng of or at any time pending any suit upon this Mortgage, o? fo fwecFole"~it, or to teform it, o? to enforte
F iyment of any daims ne~eunder, sa~d h102TvAGEE shai~ appty to ~he Covr~ having ~unsd~ction thereof for the appemtmem of a Receiver, such Court sha~l
f~::fhw~rh appomt a~eceive~ of sa~d mo~rgaged property all ond singuiar, includ,ng a~~ a~.d su~gu~ar the ~ncome, profas, issues ar.d revenues fiom whatever
::~:,+ce derived, each ar.d every of whlch, it be~ng expressty understood, is hereby mo~tgaged as ~i spec~f~ca~ty set fo+th a~d describrd in the graniing and
~.a -,endum dauses hereof, and such Receiver shaU have ail the broad and efiea~ve funu:ons and powers in anyw~se emrusted by e Govrt to a Receiver, and
s_ch appointment shall be made by such Cowt as an adm~fR~d equ~ty and a ma~ter of abso~urr nyht to sa:d MORTGAGEE, and without reference to the
e-.+_•qvacy or inadeguacy of the va~ue of rhe prope~ry morty;ged or to ~he so~vency cr mso~vency of said MORTGAGOR or the defendants, and that such
~:,•,rs, profirs, income, ~ssues and reven~es ihail be app~ied by such Recaive~ accord~ng to the lien w eqvity of said MORiGAGEE and the prouice of such
Court. -
8_ To du~y, promptly and fully pertorm, discharge, execute, ef{ect, comp'ete, comply with s~d abide by each and every the stipulations, agreements,
co~~ditions and cuvenanfs in sa~d promisswy note and th~s morrgage set forth.
9. That in the event the ownership of the moregaged premises, or any part thcreof, becomes vested in a person other than ihe MORTGAGOR, the
':OR7GAGfE, irs wccessors and ass~gns, may, w~~hout r.er~ce to the N.ORTGkOR, deal w~th such successor or sutcessor in interest wifh reterence to th~s
mo•~gage and the debt hereby seci:red in the same manner as with Mort~agor without in any way vitiating or d~xhargin~ the IJbrtgagors' liability here-
:r.,der or upon the debt hereby sewred. No sate of the Fre•~us~s hereby mortgaged and no fo:bea~ance on ~he part of the /dORTGAGEE or its suctesso~s
e. ass~gna and no exrers~o~ of the nme for thr pay~:ent of the debt hereby secured given by the MORTGAGEE c~ its successors or ass:gns, a~ia11 operate
ro re~ease, d~schar~e, mod~fy change or atfect the crigmal I:ab~iay of the M.ORiGAGOR here~n, either i~ whole or in parl.
10. It is specjfEcalty agreed that t~me is of the essence of th~s contract aRd that no v.aiver of any obligat~on hereunder o? of the obligation se-
cvred hereby shal~ at any time therea+fer Ee he:d to be a wa~~er of the terms hereol w of the instrument secured herby_
I i. in add tio~ to the forego r:g mcnth'y paymen~s of pnnc ~al and inTerest requ~red by the prom;ssery no!e secured hereb~, mortgagor covenants
~:i a~rees to ~a~ to r:o-tgaqee wrth each :non~h!y ~a,~ :ent an add:~~onal wm est:n•,ated by mortgaget to be equal to 1,' 12 oi the annual cost of the follow-
• 3_
A-A!t rcal prope~t~ taxes ~evied o• assesscd ag st th•_ aoo~e des:~i~cd r<al estate.
6 Pr~:,,~vns o~ f~re and w6:cfstorm ;nsv~arce as here~n rrq~;red to be ca•rkd c;n the ~mproveme~ts situate on th~ above described prem~ses.
C-Drern~~ms o~ wch mcrtgage guaranty ir.svra~,c-r as mo~tgagee sha~l 4ra~r tme to time d^em fit to carry on the loan secured hereby.
l.lartg;gee shs!I fro:n t~me ~o ti:ne norify mongagcr ~n wrihng of the arrov~t due and payable hereundrr and su.'h surr! shall thereupon be due and
~.able o~ ~fe ~~e care of thz neat montn:~ payn~e:it and each wccessive month thereafter ur,til mertgagee shall nor.fy mortgagor of a change in such
~~nt. Such s~ms s~ a.l be apF !+ed 6y mcrtga3~e toward the payment of rea: property taxes, insu:ance prem:vms, and mcsrtgage gvaranty inwrarxe
f ..~emi~ms.
i IY tiVIT~JESS '::NfREOF, the sa~d M,ORTGAGOR has hereu~to set h~s ha~;d and seal the day a year first aforesaid.
~ Sigr,ed, Sealed ar.d delrvered in the presence of:
` ~1 !7 ~~~u'~'"/
= i - -a J Anthony . raw «a~
~ i U ~ Y: ~ t~~ tSeal)
~ a - -~°r-
~ • Z^ * (Sea1)
a j p~ aI115 R. BzOMRI ($eal)
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N
= STF.TE OF FIORIDA
~ ~GU'JTY OF St . Lurie _ ~ ~
~ Befwe me persona(ly appeared Ant hOfly .J rOWfl and
~ _ .Jafl15 R. ~ZONR'1 his wiie, to me well known and known to me to be
~ rn_ ind~vidua~s destri6ed in an~ who executed the foregoing instrument, and ackrwwtedged before me that they exewted the same for the purposes
~ therein expressed. And the said- -jan15 p. ~IOWII
~ r.~fe of the said Anthony 1. Brown , upon a sepsrate and private
~ e*aminar~on by me taken separate and apart fr~m her said husband, acknowledged to and before me that she executed said instrument freety and voluo-
.-~~y and w~thout any corn~ulsion, constraint, apprehens~on, or fear of or from her said husband_
? / " '~ta rch ~
~ WITNE55 my hand and offic~al seal this-__L~~~ day A. D. 19 74 ~
~ / ~ / . ' _ ~
. ~~tC f~c'.[. L~ C-
Notary Public in and for the Sta of Flor' s at large
My Commisaion eapires:
~e Return To: - ~ ~ - ~
First Federal Savings 3 loan Associat~on '
Of io~t P crce t ' '
•J fOfi P~_rfe. FlCrit~9 f~l[ti.~.~3~ .~:..~i=~DED `,~•s ' . r
q ST_ IUCtF ~~O~,N ~ r FLA. ~ ' ' •
' FC ='::TP,AS t - ' •
' Cl=_'-Y '_v'. C~URT ~
; _ _ - -
ct^(+r : ~ •.+t', t. i•
- This Instrunment Prepared By John W. Collins ~ ~ ~ ~ • ~ =
af' First Federal Savings & Loan Association . ~
MAR 13 ~ 4o aH ~7a ~ ~ ~ .
of Fort Pierce , ~ lo r ic~a
f~ . ~ ' -
~ Checked By~ `~,`7~jss4 .
= .
~i ~C~1, C.`
~ , ~''~~i,~~:,~„~,
: ~ 224 ~
,~E 2499 .
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