HomeMy WebLinkAbout0501 3. To p~ace and cont:nuouaiy keep on ti~e Lw'u,~.:s ::ow o~ hc~ra~ter s~~uate on sa~d ~and and on ali .•qu~H~~~r~t and pe~sonaily covrrcd by lhis mo~t9•
ps, with all pren,i~ms therro~ pa~d ~n fult, Lrc insuro ua in ihe usua! i~end,+~d No'.~ty form, in 's aum a{.p~u.:d by ihe MOkiG:.GEE, ar:d wu~d~to~m
inw~ante in the uwa: ?~andar~ po:,cy fo~~n, in a w~n .y:provrd by tha !.:O~~isA4EE, in wch company .:r c~~~pan.~s as ?he htORTGAGEE may
dirtc?; and all iire ar.d w~ndstorm insurance pot~ues on any ot sa~J bu~~d~ngt: any interes~ Ihrrean or pa•t ~h~:eoi, ir. flce ayg~_gate su:n aforesa~d w
in eacess Ih•~reof, sh.ill :onram ~he us~.~i sia:~J:,rd rnoriy~9re c~.+use o~ wch o~her t!~..sr as ~he Matyayre rt~ay rayu~rr, n:a?~~g d~ ioa+ u~~der ~a~d poi~-
cies, each and eve~y, pe,~b'e w sa~d h1JRTGAGEE as ns ~~~~~~~sr n,ay a~:p.~a~, e~~d each and e~e*y wch µ~~~c~ ss~~tt tx p~:,~,,;,uy assgnrd a~:d del~v~r,•d ~o
.ny hrld by sa~d h10RiGAGEE as fu~~hrr secur~ty to sad ~~•ot~geye daDt, a~•d, not less tt~an ten (10) da~a +n ad+a~~ce of ~h~ E~{~~~~~~~M Of each pol~cy, to da-
liver t0 said h10RiGAGEE a re~tewai thcreoi, toge~hrt with a rcte:pt (o~ fhc pramwm u) such rencv~al; :,~id Yt~e~e sh,;11 be r.~• Lte or w~»~s~w~~ insu~e~Ke
plated on any of sa~d b~i(d~ngs, any imerest there~n ot part ~hereuF, ~ni~ss in the fonn and w+~h the tosa payab~e as a'o~esai•'; a~.d in the event any wm
of mo~ey beco:nrs payaDle u~Klrr s~:ch ~,olity a pof~c~es sa~d .Y,ORTG~GEE sl~all have thr op~~on to rec~•~.e a~~d appty the u~-~e on accou~~~ of ~he indebtrcl-
ness secured hrreby or to pe:rnn iaid MORTGAGORS to rece:.r end use it w.~ny pnrt ;he:rof tor oti.v i.~:;~es~s. ..~13w~t tn•~~u~ ~3 or
ing any equay, I~en or r~gh~ under or by virtue o+ this mo:'gage; ard in the evrnt sa~d MORTGAGOR$ shatl !or any ie3~o~ faii to keop the sa~d premis_s so
inswed, or teil to deliver p~anpNy any o( sa~d pol~ues of insura~ue to sa~d MORTGAGEE, or ta~! proa:p~3y ~o pay fu~~y any p•en:.~m therefor or in a~y
respect iail to pe~Fo.m, dncha~ge, execu~e, efiect, comple~a, co~rply wi~h a:.d ab~de by this covenant, or an; po.t F,_~eof, ta~u MU2TGAGEE may p~acP a~~d
pay for such insursnce or any part thereof wi~hout waiving w at(ecting any option, lien, equ~ty, or ~igM u.de~ a b{ v~r.ue of +his tilortgage, and tha
full anw~m of each a»d e+ery such paymem sh~ll br ~~~mrdiatcly dve and pa~a6le and ahall bear interest trom tiw date ~6ereof un~il pa~d at the rate o:
nine prr ce~tw.n pe~ ann~m and to3z~he. v.i!h such inte~.-st shal~ t~e s~•tured br the Iien Of this mor!gage. t
To permit, commit w w~fer no waste, impairment w de~er~oration o( sa~d property or any paA thereof.
5. !o pay all ~~.d singu~ar the costs, cha~gef and rxpenses, tnclud~ng a resson~ble attomey's 4ee a~ad costs ot abstratis of ti?Ia, inc~rred or paid at s
any t~~ne by s~~d M081GAG:E, becouse w in the event of the fa~l~re on ~he pa~~ of ~he said h~ORTGAGOR to d~~y. N~o~,~N~iY and f~tly perform, d~s~r,d~9e. -
exgcutr, effect. canpie~e, canply w~rh and ab:de by each and every the st~pula~~o~s, agree:nents, condu~ons, end ceve~~ams oi sa:d Hro~-~~ssor~ note and ~i~is
mortgage any or e~ther, and sa;d costs, chaiges and expenies, each and every, shafl ?~e immrd~ately due and payab:e; wh~•ther or not there be nonce da
mand, atte~~pt to co~iect or suit pend:n9; and the ful: a~nount of each and every auch payment shall bea. ime:es~ h~n the date the~eol un~i~ pa~d at the
rate oi n~ne per centu~r~ pe~ annu:»: a~~d el~ said costs, c~.a~ges an~J ex;:~rses ~ncurred w pa~d, together w~th such ~mereat, sha~~ be srcured by the lian oi th~a
mwtgage.
6. That (a) in the event of any breach of ~his Mortgage m defaolt on tt~r part of the !Vf•ORTGnGOR, or ;b) en the event any of sa:d sums of money
herein referred ro be not pranptly and fully paid w~thin thuty l30) days nexf a~M~ fhe same aevera:ly beco.ne duC and payabte, wifho~t demand or not~ce,
or (c) in the event each arr! every the stipuw~io~s, agreemen~s, condrtian and covenants oS sa•d promiswry no~e a~ul !h~s mortgage any or either are not
~uly, prompNy and fully performed, dacharyed, executed, e~feued, comp!eted, comp6ed w~th and ab:ded 5y, tFwn in ather or any such event the said ag
g~egate sum mentioned in said pro~uissory note tnen remairing unpa~d, w~th interr;t attrued, and a11 mc~ays seturcd hereby, sF~atl betome dve and pay-
able forthwith, or th~reah~r, at the op!~on of seid MORTGAGEE, as fvlly and complete~y as ii ati of ~hr sa~d sums of money were oi~g~~ally st~puiated
to be pa~d on such d~y, anything in aa.d prom~rory note or in th~s hlor~gage to ~he convary nor,~v~thstandr~g; and th~•reupon or thereafte~ at the opt~on oi
said MORTGAGEE, without nonce or demand, su+t at law or in eqwty, therefore w thereatte~ be3un, may be Nrosecvted as if sll moneys secured hereby
had matured pr~w Io ds institution.
7. That in the event that at the beg~n~~ng of or at any ti~ne perding any sv~t upon this Y+ortgage: or to fwecfase it, or to reform if, or to enforce
payment o1 any claenn hereunder, s~id MORTGAGEE sha!~ apply ?o the Coun havf~:g ~ui~sd ct~en thereot for ~he app~~ntmeM of ~ Receiver, such Cour1 shail
forthwith appant a receiver ef s~id mortgayed proprr~y alt and singular, indud:ng a:t and s~ng~lar the ~r.co~~e, p~of~ts, iswes and revenues from whetever
source derived, each and every of wh:ch, ~t txing express!y unden~ood, ~s hereby morigaged as if spec~Gcally set for~h and dexribed in 1he grantutg and
haoendum cta~ses ha~i-Jf, and such Receiver sha~i have ail ihe broad and efix~~~e f~r..i~vns ar~d powers in anywise em~~sted by a Cou~t to a Rece~ver, and
s~ch appointmen~ shall be made by wch Coust as an ad~niet~-d eyu~ty and a matter of abw~~te r~ght ~o sa,d MJRTGAGEE, and wishout reference to the
adequ~cy w inadequacy of the vatve of the pioperty mortgaged or to the savr~cY o~ ~~>;~~'+£nr~ of sa•d 1'AvRTGAGOR or the defendan!s, ano ~ha• such
rents, p:ofits, income, issues and revenves shall be appt~~d by such Recrrver accord~ng to the iien or equity of sa:d MORiGAGEE and the prochce of such
Court.
8. To du'y, promptly and Fully perfo+m, discharge, exec~~e, efFect, comp~ete, comp~y with and abide by each and every the stipulations, agrerments,
condit~uns and covenants ]n sa~d p~ornissory note and this mortgaqe set fonh_
9. That in the event the nuvnership of the mortgaged prernises, or any part ihereof, betomes vested in a person other than the MORTGAGOR, the
MC~RTGAGEE. its wtcess9's and assigns, may, wirhout notite to the t".ORLGAOR. deal w~th such suctessor or svccessor in :nteres~ with reference to thif
mo~tgage and the dei.t hereby secu~ed in the same man.nrr as v..th h5orrgagor without in any way vit:ating or d~scharg~ng the fdcrtgagori liabiiity htrr
under or upon the debt hercby secu~ed. No sa!e o4 fl:e Fren':~ses hereby ~no:tgaged and no forteara•ue on the par~ of the ?AORiGAGEE or its successors
or aes~gns and no ea~ension of the ri~e for the pdyn:ent of the deb~ he~eby secured given by the MORiGAGEE or its wccessas or ass:gns, a~~all operate _
to re!ease, d;scharge, mod~fY change or affect the orig~na! l;a~[!6ry of the 610RTGAGOR herein, eithe? in v~chole or in part.
10. It is speuf~catly agreed that time is oi the essence of this contract and that no waiver of any ob~~gation hereunder or of the obtigation se-
cured hereby shal~ at any time thereafter be hc:d to be a waiver of the terms hereoi or of the instrument se[ured herby.
I 1. in add~tion to the forego:ng n~onrhly payrr,^nis of p•i::c p:;? and i+~terest required 'oy 1he prom~ssory no!e setured herebr. mortgagor tovenants
and agrces to pay to n:er+gagee Y ~th each mon+h:y p~~~~ ent a~ ad:i:~:onal sum rst ~.a!ed by mo:tqaQee to be eq~al to 1, 12 04 t:~e an~~ual cost of the fotiow-
ing:
A-All ~EdI FrOper!y tax,~s levied or ass^ssed og-~I•~st th~ aoo.e describ_~ r.ra! c;t.:t?.
B Pr~:~:~ums on f~re and viirtdsrorm msura:•ce as ~e:e~n requ:red to Er_~ ca~rieJ on tFe ~mprovements s~tuate an thc above described prem:ses.
C-Prrmiums on such mo:tgaae yuaranty :~:svrarr.e az mortg~ee shail fro:^• nme to timc deem fit to tarry on the loan secured hereby.
Glortgagee s~ ~~i Erom t~~ne to rin~~.c ncv~fy •~~o~fy_g_r in ~nriFr.g of t!~e amov~t d~~e r.nd Qayable he~eundrr and such sv~r. shait thcreupon. be dve and ~
payab!e on the cG~e oare ei tha nr,ct mc:~•h:r payrn•rnt and •_y:h wccessive r.:onah thereatt:-r ~r.tfi mortgagee sh,ifl not~fy mortgagor of a ctiange in such ~ ~
a^ourt. Sw_h so~~~s z~ ~~'.u app ~r~ by ~~~crtga~ce +o+.ard tne Nayrr~nt of reai e~eperty t?*es, insurance pfem:ums, a~~d mortgage guaranty insurance
premiums.
IN Y~lTtiEJS '+'.'NEREOF, the said RTGAGCR has Fereuelo set his har.d and scal ine day and yca~ first afaesaid.
~ a~ del~ver in t~ce of:
~ ~ ~R.t A~!/ (SeaO
k•itness Doraih}~ P. Hudson, a single ~S.,n
_ - _ dd tlit (Seal)
1tIfE SS , J (Seaq
S1ATE OF FLORIDA ~
u_
caur~rY oF ST. .C u C ~ E i
eefore me personally appeared - DOr~thy P. Hudson, a single at~171t ~
to me well known and known to rrK to be
• fhe i~dividua(' describad in and who executed tFr= foregoing insirucnent, and acknowledged before me ttwt ~Irer executed the same fw the purposes
therei~ expressed.
- ~
~00O~QlCyQC
x~W TNESS my hand and off7c~al seal this_ ~~O T~'~' day of ~{irCh / A. D. 19 74
~ ~
J~/~
No~ary PvL•~ic in and for the S1ate of Florida at Large
M~/ COmm+s3:Of1 EApirCS:
Return To:
First Federal Savings b Loan Association ~2;,:'-' t: S'.>:^ n`. f~G:~ti3 ct Li.:ye
" - . ~ ~ i!~
Of Fort rc~, ~a•+' - - ' i, . . , " =o.
Fort P~ertz. llc~ida . - ~ _ •.o.:,
.~;r
.•'t.~itl t:+~. ,
f~~ti ';`-H"y FU. '''J • ' ' ti .
Gary F . Ellwood Ej-~~+= ; T ` ' ' ~
Ff.. 'RAS . J
This Instrument Prepared By _ ;.~~iRT • ~ ! , ,
~'-f f - = f': ;
First Federal Savings & Loan Association at~„_ _ ' • -
of Fort Pierce ~ Florida ~ ~ r ` ~ ~ - '
MAIt LL i~i 33 ~M ' ~ ~ ~ ; . : { , _
Chscked By C:
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o p 2~~08 ~
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eoa~ 225 5~0 "
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