HomeMy WebLinkAbout2690 3. To place and condnuo~sly kcrp w~ ri~e bu~'d,~~3s no,v o~ h~•r~a(ter s~+~ete on sa~d land and or. a11 equip~oent and pe~sonsliy co~e~ed by th~~ morrg-
e9e, w~~h all pren~i~ms ~hrreon pa d in fu~~, f~re insvis~:c ~n thr ~sUat S~JIWJtd NQ~~Cy form, in a sum approved by the MORiG:.GEE, and w~nJato~m
~n~urance in the usual ~randa~d pol.ty iwm, in a s~ru eHpro.rd Ly rhe MORIGAGEE, in ~v~h canpany or compan~es as the MORTGAGEE may
dueU; and all tire and w.ndswrm fnswan~z pu'4urs on any oi sa~d b~itd.ngs, aoy i~teres~ Thercin or part th~vrof, in ihe agg~ega~e sum aforeaaid a
in eacess +hrrsoi, shali con~ain ~he uwal sta~~da~d ~t~o~~gagec c~auso w s~ch o~her c~ause as ~he Mortgagee may reqC~re, rt~aking the 7osi undr~ so~d polr
c~es, ea<h and eve~y, pa~~b~e ro said h;i'~RIGAvEE as ~~s intrrcat ~»ay aN~ar, and each and e~ery suth po;~cy sha;l Ik promprty assgned and d3uvre~d ~o
eny held 6y sald MORIGAGEE as fur~hrr secunty to sa~d ~rortgege de~t, and, not tess lhan 1en (10) days in ad~ance of ~he e.punt~on of each po~~cy, to dr
Lver to aa~d MORlGAGEE a~enewaf Ihereof, togethrr w+th a rete~pt for the pre.u+um oi such rene.vat; and th~re sl:all be ra f~re or wu~dz~a~n inwrance
placed on a~y of sa~d bvi!d~~u~s, any ;~~irrost there~n a paif thc~eof, un!ess ~n ri~e form a~d w~~h ~he loas payable as afo~eaaid; and in ~he eYent any sum
of money becomes payable under such potlcy a pot~aes seid MORiGAGEE sf,~ll have the opt~on w recrive and appty eha same on account o1 the indebted-
nets sec~red he.eby u ~o peimif sa~d MORfGAGORS to recriv~ and ute it M any part thareof ior otiicr p„i~.oStS, Y~J~1GU~ iii ul wa~v~ n3 c~ :~~por~-
ing any eq~;ty, Gen w r~gfit undrr o~ by virtua of th~s ~»crtgage; and in Ihr evrm sa~d MORiGAC,OR$ shall for any ~eason fai( to keep the aaid premis:rs so
~nsured, or fail to de!rver p~pmptty any pf said po6ti_~s of inyurance to said MORTGAGEE, or fail prumpHy to pay tuNy any prem~um therefot or in anY
~esyect fail to perform, d~icharge, execure, effec~, con~ptrtr, con~ply with a~d ab~de by this covanaN, or sny par+ ha~eo(, sa~J MORTGAGEE may place a~~d
~.a~ for wch insurance o~ any pa~l thareof w~thoyt waivng o~ affrcting any option, iien, equ~ry, or nghe unde~ o~ by virtue of this Mor~yage, and ~he
a»wunt of eath and every such paymrni shall bc immediately due and payab~e a~ul sh~ll bea~ iroerest irom the dete thcreoi until pa~d at the rate ol
~.,r~e per cenwm per annum and to~rther vc~th such inte~c:r shai~ .u_~ sccure:! by the lien of this mortgage,
1. To permn, commit or suSfer no watte, ~mpairrurnt Or dcteriorat~on of sa~d property ot any pa?t thereof.
S. To pay all and singular the costs, charges ard ea~naes, includfng a reasonab~e attwney's fee and tosts of abstratls oi titte, inwned or pa~d at
~ny time by sa~d IYlOR1GAG:E, because w in the event of ihe fa~lure on the part of ~he said MORTGAGOR to duly, pro+nptly and fu11y prrform, dncha~ge.
_xecute, efteU, canpeete, comply wnh a~.d ab.de by each and every the Stip~lehons, ag~etma;nti, cond~tlo~s, and covenants of sa~d promisaory note and th;~
~~orrga~e any or arher, and sa:d cost=, cha~ges and expenses, each and every, shalt be immediately due and payable; whether or not ~hero be notice da
~:,and, attr~npt fo cotird or suit perrd,ig; arxl the f~l! anwvnt of each and every au:h pay~ shall bea~ in!arest irom the date thereof until paid af the
~~r~ o~ nh,e p~r c~ntum per annu:t , and a11 sa~d costs, cl~atges and e~p..•r:ses inc~rred or pmd, eiher w.~h such interest, shali be setured by the I~en of th~i
n:ortgagl.
b. Thal ;a) in ~he event of any breach of this Mortyaga or def3~i~ on the part of tha MORTGAGOR, or (b) in th~ evenl any of sa:d sums of money
hrrein referred to be no~ promptly and (~tly paid wnh~n tF,.r~y t30) days next afr•_r the sarne severaily become due and payaUle, without demand or notice,
or (c) in the r+ent e;ch and every the st~p~:atio~s, agree~neots, condmons and covenants of aa.d prom~ssory note aixl th~s mortgaqe any or ei~her are not
iuly, prompt(y a~d tu!iy Qerfw~ned, d~scharged, e~ecuted, eftected, comp;eted, comp;,ed wnh and ab~ded Sy, then in e~ther w any such event rhe said ag-
gregafe sum ~nenrio:~rd in said pro+n;ssory nefr then re,nain~ng unpaid, with ~ntere;t aarued, ar.d atl mon~~s secured hereby, shall become due and pay-
ab.e forthwi~h, of th~reafre~, at the op!~on o4 sa~d MORTGAGEE, as fully a~d :omple~eiy as it a~l of the said sums of mooey were w~ginally shpulated
ro be pa~d on such d~y, anything in sa.d pro:n~ssory ~ote or in this Mortgagr ro the contrary notwithslanduig; and thereupon or thereafte~ at the op~ion oi
s-.d MORTGAGEE, w~thout not~ce or demand, wd -at {aw c~ in ea~~ty, Ihe~efo~e o~ Ihe~rafter begun, may be prosecuted as if all moneys secured heteby
n~d mat~red pnor to ~ts insti7vhon.
7. That in the event shat at the beginn~ng of or at any r~~ne pend~ng any suir upon th~s Mortgage, or ta foreclose it, or to reiorm it, or Io enforce
;~.,,ment of any c!3in~s fiere~~dw, se~d M.ORT!,AGEE shaii apy!y to the Cour~ having ;uind~ct~on thereof ior the appointment of a Receiver, such Court shall
i~rehw+fh appcint a rece~ver ot said mortgaged prop~rty af{ and singvtar, inc:vd ng ati and singv~ar the inco~ne, profits, issuts and revenuts from whate~er
s: vrce derived, each and every of whrch, 1~ be;nq exN.c•ss:y ~nders~oed, is F.e~eby n,or~gaged as if spec;(ically set iwth and described in the granting a~d
~.~bendum c!auses hereof, and such Receivcr shall have a~! the broad and effrc+~ve fu~xt.o~s and powers in aoywne entrusted by ~a Cou~t to a Receive~, ar.d
s. ;h appoiniment shail be made by wch Co~rt as an admftt.rd eyu~ty and a matter o( absoiute righ? to said MORIGAGEE, anrJ without refe~ente to the
a,feqvacy w inadequaq of the va:ue oi the propcrty mor!gaged o~ to the su.vency or insavency o1 sa~d MORiGAGOR w the defendams, and that such
~•~^ts, profits, income, issues and revenues shjil be appii~d by wch Rece~ver acco~d~ng to the 1[en or equity of said MORTGAGEE and the practice of such
Court.
8. 7o dufy, promF~fly and fully perform, d~scharge, execu~e, effect, complete, compty w~th and abide by each and every the stipulations, agreemeros,
condit~ons and co~eo~nts m sa~d prom~ssary note and th:s n~ongage set forth.
9_ lhat in the eve:~t the ownerShip of the mortgaged premises, or any part thereof, betornes vested in a person other than the MORTZ'iAGOR, the
4'~RTGAGEE, its successon and asvgr.s, may, w~+hout nonce to the A10RiG~OR, deal w~th such successo~ or successo. in imerest w~~h reference to this
~ c•fgage and ~he d~+~~ hereby secured in the same mann~r as wrth tAort7agor w~~hout in ary way vit~ating or d~scharg~ng the Mortgagors' Iiabifity here-
;;r~er or u,wn the debt hereby sc~cu+rd. No sa:e oi the p-r:~.~ses h.•reby rnortgaged and no forbeara~ce on 1he part of the IdORTGAGEE or its successws
o~ assigns and no eatens~on of the t~me for rhe pay~r.ent o1 thP debf he-eby secured given by the MORTGAGEE er its suctessors w assigns, aliall operate
ro rr!ease, d~scharge, mod~fy ~hange or atfect the o~~g:na1 Gab.t~ty of the N~GRTGAGOR herein, either in whole cr in parf.
10. It is spec~fica~~y agreed that Hme ~s of the esser,~e of th~s con~racr and that no waiver of any ob:~ga+~on hereunder or of the obligation se-
cured hereby iha:'i at any t1rt:e ~hereaiter k~e hcid to be a Y.a~ve~ of ~he terms hereof o~ of the instr~ment secured he~by.
11. In .::ici,re~ to t!~n forego ~~q monr:~+y pa~~rrnts o4 p:i:-,c'nal and interes~ required by the p~om:ssory ~o~e secured he~eby, rtwrigagar eovenams
e~.d agrees !o p~y to ~io~tgagee v~,~th each r.:;:n~hly Fa;• :tnt an aud~,:onai sum ese•n:ateU by mortgagee to t~e eq~ai to 1, T2 of the annual cost of the follow-
3:
A-A!: rea! prupc~rty ta~:s lev~ed or asses<.e~i e~~i~st tt:c a}.ore desc~ccd r_al estate.
8 Pr•;~-: ,:~s on i:re and w:ndeto-~~ ir.sv~~• ce „ ne~•,~n r~-G~,~ed to be ca:ncd en the :mrroveme~ts s~tuate on thc above d:scribed premises.
G-Pre:r,,u•~s o~ such mortgage gua~ar.!y ~es~~a~ ce as me-tgay^ee sha11 frcm rme to time deem fit to <arry pn the loan secured hereby.
1tlor.gegee S!1.1~~ frovi r~n,e ro rirve no:~fy mcrr~,ay~r f~ w.;r.ng of the a~r.ov~! due and payable he:eundar and such wm shail thereupon be due and
. v.bie on the ci~e oe!e of the next mGnth.y payn:c~~t and e~ch successive ~r.o~th !~ereaficr ur,ti( me~tgagee shall notiiy mortgagor of a thange in such
- ou~~t. S~ch s~ms sFa:' 6e ap~.'~ed by mcr!g~g•:~ tof.a:d the {:a~rr.ent ~f reai property taxes, inwrance p~em:~ms, a~~d mortgage guaranfy insurance
` • r'T:i V ms.
IN Y~tTf`iE55 '::HEREOF, the sa~d MORTGAGOR has here~nto set his h~~:d and seat the day and year first aforesaid.
i ned~ Sea~ed and delivered in the presence of: ~
4, . S S - ' 4al)
' RObett J. Sai ~~a~~
< _r : ~ C ~ `,I . vn~ ~ }`h (Seal)
t,•itness _ Lois A. Saith ~~a~~
S~ATE Of fLORIDA
~ SS-
:JUNTY OF SL. Lucie ~
' Before me persona:ly appeared Robert .J• Smlt tl
and
' l.ois A. Saith
; - h~s wife, to me well known and known ro me to be
rhe ind~v~~+vais desu~bed in and v.ho executed rha foregaeng instrument, and acknowledged before me that they executed the same for the purposea
r;~erein eapressed. And the sa~d ~O~S A• $mlt~1
? +::'e oi tfie s~~a Rob¢rt J Saith upon a sepaiate and private
i _-,ym~nat~on by me ta4en s¢parate and apart from her uid husband, atkrwxledged to and before me that she execu!ed said instrument freely and volun-
~~y ar~d w:thout any compuls;on, constra~nt, apprehens:on, w fear of or from her said husband.
WITNESS my hand and ofFiual sea! this_ day of A_ D. 19 74
; ,
' - Rofo - ' <<-e ~ '
f~`-E~` E~;,, 1tiSY F~~• otary Pubtic i~ and for the State of Fbrida at large
St ~CCt^ t.'tRAS L My Comm~ssion ezpires:
Rerum To: - • GvJt`~S
C:- :+`:+~4r ~'jiO:rC.''RTE n` fi~RlDA at tARGE
fint Federal Savings a Loan Associat~or. ~~F ~
of ~o,t P rc^' . - - , Cu:.• , ; , IAP~. 7. 1911
For: P~erce. F,o~;da ~ g 2.~ Ax ~ ~~=~'bv n~nern:or. ~;;,~ers ?c~5utarxe C0.
; r . . ; .
i
:
~ !R . •
GAry F. Bllwood • • _
This Instrument Prepared By
First ~edera~ Savings 8 loan Association ~
of Fort Pierce , Florida 681 ~ . r ~ ~ ~
s _
Checked By ~ - ~ ~
:'r ? ~24 P~,~E 2fi89 Sb
;
~
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$~--a' ~ ` ~~;N~s~-~-F r~
M d,~9~°'~ a~ °`.~~'l ~,r~_
~ ~ .3e4~-'~y '
a
ti'~.~--s . ~ ~~"n-~:`^~~ .-A*'~~