HomeMy WebLinkAbout1020 To pidce end tontinuously keep on the buiiJir.gs nuw o~ here~f~e~ ~~tuele on sai~ Idnd and al! aqu~p~'~~~» a~id prrfone~~Y ~ovr~aJ by this rt'.ortg-
age, wiih all p~emiums thereon pe:d in lull, f~re ins~ra~cr ~n ti~a vsual s~ando~d µo!~cy lorm, in a wm appro~ed bv ~hn MUk~G:.GEE, a~~d wi~Jstonn
~n~uronce in 1he uwal s~andard poi~cy fw~n. ~n a wm oHproved by d~e MORTGAGEE, in a~ch canpany or comµanles ai the MOR~vAGEE may
d~reU; and all (ire end w~nds~o~m i,~surante policics on an1 0( sa~d bu~ld~ngt, any inte~ast therein or part thrreof, in ~he agg«gata w~n aforesaid w
in eacess ~hereoi, shaU coNain the uiual standard ~no~tgegee dausa o~ such o~her clauu ae the Mo~tyayee may reyu:re, maA~ng 1hd ioss unJer sa~d po~~
c~es, each a~d every. payable to sa~d h~ORTvAGEE as ~4 ~nteres~ ~nay ap{x;ar, and each end every such po:~<y st~ati be p~un,yUy ass g~~~d a~~d de~~~•~«-d ~o
any held by said MORiGAGEE as further security to sa~d ~~~ong~ge debt, and, oot :esf than te~ l~0) days ~n ad+a~xe of the eap~rat~on of each pu~~y. to de-
Gver fo said MORTGAGEE a re~ewal lhereof, toge~har vviih a receipt (or ~he p~r~~uum oi such renrwal; and ~hrre shall ba no f~ro or wi~~dsw~m inwrance
placed on any of said buildings, any intarei/ there~n or pa~t thareof, vntess in the form and with Ihe loss payable as aforeaaid; and in the evenl any sum
of money beconxs payabte under such policy or po~~ues said MORiGAGEE ahall have ~he oN~~on ~o rec~~~e a~~d apyty the sa~~~e on accou~v ol the indebird-
~ess setu~ed he~eby w to permit said MORTGAGORS to reteivr and use it w any {wrl tha:rol ior oti~cr pur}•cs.•s, vi~~~~c.~t th_•au~ +v.:~~~~~9 ~r u~:p~~r•
ing any eqwly, lien w~i9ht under w by virtue of this mor!gage; end in the evtm sa~d MORTGAGORS shall fot any r~ason fail lo keep the sa~d p~e~n~s~d so
insu~ed, o~ ~ail fo de~~ver p~omplly any o1 said polities of insura~Ke lo Sa:d MORTGA('iEE, or fa~l promptly to pay lu~ly dny p~e~»~~m therelot o~ in any
respect fail to per(o~m, d~scharge, e:etute, efiecl, completa, comply with and ab~de by ?hii cove~ant, or any part ha~eof, said MGRiGAGEE may p~ace a~.d
pay fo~ svch iniur~nce or any part thereof witho~t waiving or affecti~g any ophon, I+en, equ~ty. or right under or by virwe of th~s Mo.tgage, •nd the
f~i1 amoun~ o( each and every such paym~nt shall ~r ~mmcdiately d~e and payable and shall bear interest 1.om tha date thereof un~il paid at the rate o1
~~~ne pet ceN~m per amiu~n and to3eth~~~ with such lnte:..•st shel! be sccured by the lien Ol this rtwrtgaga.
1. To permit, tommit or suffer rro waste, impainnent ot detenoration oi aaid property or anY parl thereof.
5. To pay all and singulsr the costs, charges and expe~isei, includ~rg a reasonable attorney's fee and costs of a6stracts of title, incurred or paid at
eny time by aa~d MORiGAG~E, becauae or in the ever.t of ihr failure on ihe part of the said MORiGAGOR to duly, ~rumptly and fully-pe+iwm, dnchorge,
eKecute, effeU, comptere, comply wah and ab:de by each and every the stipulai~ons, agreementi, cond+tions, and covenants of sa~d prom~ssory oofe and th~s
n-ortgage any or e~~her, and sa~d costs, charges and e~penses, each and every, shall be immedutety dua and payable; whethe? or not there be nonce d~
mand, attempt fo coflect or suit pend~ng; and rhe ful! amouM of each and e~ery such paymeM shall bea. interest irom ~he date t}ureot u~til paid at the
r~,tr of ~une_per centum per annu:n; ant! all sa~d co:ts, charges and ex~~.:nses incurrrd or paid, toyr~htr w+th such interest, shall be secured by the lieo of thia
mortgage. -
b. That (a) in the event of any brcach of this Mortgage or defa~lt on IFx part of the MORTG~GOR, or ib) in the event any of sa:d sums of moruy :
herein referred to be not promptly and fully pa~d within th~rty (3U) daya next aiter tlx same se~era!ly become d~e and payable, without demand o? oot~ce.
or (c) in the event each and every the s?ipula~ions, agreements, cond~tions and covenants of sa.d promissory note a~~d th~: niortgage any or either are not
~uly, prompNy and f~lly ae~iormed, d~uharged, execu~ad, effec~ed. compkted, compi~ed w~th and ab~ded 5y, ~hen ~n erther w any such eveM the said ag-
gregate sum mentioned in said promissory note then re~naining.unpa~d, with inrerest accrued, and atl monrys setured herety, shai~ bewme due and pay-
ao'e forthwith, or rhereai~er, at ~he opt~on o! seid MOR7GAGEE, aa f~11y and canp!etrly as ii a~l of fhe said aums of money were ong~natly st~pu~afed
ro be ~id w+ s~ch doy, anything in sa:d prom~ssory note w in ~h~s Mortgage to the contrary norrvithstanding; and thereupon or thereafter at the op~~on of
s~~d MORTGAGEE, withovt not~ce or demand, auit at law or in equ~ty, therefere or thereat~e~ beg~n, may be prosewtrd as if ail moneys secured hereby
n~d matvred pnor to its mstitunon.
7, ih~t in the evrnt that at the be9inn~ng of or at any time pe+xl~ng any su~t upon this Mortgage, o~ to foreclose it, or 1o refwm it, or to enforce
payment of any c~sims here~~dar, said 610R'GAG~E sha!I apply to the Court having ~urisd:ct[on thereo! io~ the appointment of a Recener, such Court shall :
forthwith appo~nt a receiver o( said mort~aged property a~l and sing~fer, incl~d~ng a~f and sing~lar the inconie, profns, issues and reven~es from whatever ;
seurce derived, each and every of wh~ch, i~ being exNreas~y unders~uod. is herci~y mer~yagrd as if spec~(+ca~ly set io.~h and descnbed in the graroing a~~
h36endum da~ses hereof, and such Reteiver' shali have all the broad and eflect~ve funcr.ons and powers in anyw~se entwsted by a Cou~t to a Receiver, and 3
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s.:h appointment shall bc mad2 by SuCh Court as an ad~nitted equ~ly and a n:attcr of absolufe.riqht ro sa~ MOR7GAGEE, a~{I without reference to 1he
r..i,quaty or irtadequaty of the value of the prope~ey mo~tgaged or lo the so.vency o~ insotventy~Vf sa~d MORiGAGOR or the defendams, and rhat such
r~•~,~s, p~ofits, income, issues and revenues shall be app~~ed by such Rece~ver accord~~g to the lien w equity of said MORTGAGEE and the practice of such
Court.
8, To d~fy, p~ompt:y and fully perform, discharge, execute, effecf, m~r.ptete, compl~ w~th and abide by each and every the stipulations, agreemenb,
conditions and covananrs in said prom~ssory nate and this mor~ga~e srt torth.
9. Ihat in the eve~t the ownership of ~he mortgaged premises, or any part thereof, becom~s vested in a person other than the MORTGAGOR, the
NORTGAGEE, its successon and ass~gns, may, w~thout ~oTice to thr t.SORTG~OR, deai v~•ith such wccessor or successo~ in ~nterest with reference to this
rca•tgage and ~he debt hereby secured in the same mannar as with 6lortgagor .v:thout in any way vitiafing or d~sc~~arg~ng the Mongagors' liability here~
~~:der or upon the debt hereuy secvred. No sale of the Fremises hereb~ rno~tgayed and no (orbearartce or. the pan of ~he /.50RT('~AGEE or ita successors
or assigns and no exten:ion of the ti:ne ic+ the payment of the drbT t~e~ceby secured g~~en by the MrJRTGACzEE or ~ts successws w asS~gns, a+ial{ operate
eo re!ease, d.scharge, modify cfiange or affect the origmal Gab6~ty of the MORiGAGOR herein, either in whole or in part.
10. It is spec~f~catly agreed that time is of the esser.ce of this contract and that no waiver oi any obliga~eon hereunder w of the obligation se-
c,~ed hereby sha:i at any time thereafter be he;d to be a wawer of the tenns hereof w of the instrumem sea;red 1~erby.
l l. In atidn~o~ to tfie foreoo ~~c~ ~nonth:y µaymenrs of pri•~c pal and ~nterest required by the pro~issory note secured hereb~/, martgagor tovenants -
d agrees to pay to r.:origa^yee v~fth each monrht~ par~.,ent an add„~onal svm es~ ~~ared by mo:tgagee to be equai to 1. 12 of ri~e ann~a! cost of the follow-
A-All real property tax~s (ev~:d or assess~•d agi~•:s' thc aF:ove desc'ib• d rra~ estate_
B-Prem.~u•ns on f~re and v~indsto:rn mwra:,ce as i:ere~n requ;red to be carr~«.d on the imp~ovements s~tuate on the above desuibed premises.
C-Pre~nwr.~s on such mor*gage gva~anty ~r,sura~.ce as m~•tgagee sha~t fro:n s me to time deem fit to carry on the loan secured hereby.
Mortgagee shail irom hme to time noti{y monga~cr in writ;ng of the amount due a~d payable hereunder and such svrn shatl tFereupon be due and i
~~abfe on the oue dare oi the next moNh;y pay~r.ent and each successive mo~th ~i,~reafter vr,til mortgagee shatl notify mortgagor of a change in such 2
o~nt. Such si~ms sha:i be apn'ieci by mortgayee tv.tiard the payme~t of real property ta:es, insurance ¢rem~ums, a~id mertgage guaranty insurance ~
i ;~~e:niums. ~
E IN '';1lTNE55 'J:HEREOF, she said MORIGAGOR has Fereunto set his har,d and seal the day a~d ye r rst ator id.
i Signed, Seated and defivered in the presente of: ~ y_~ F~CJROLO
~ f{LEC ~r~UMjY fl~~ tb aq _
ST-tUCt. -.;1TRAS ~
~i ordon B. Cout Ye s~an '
~i1- ~tt ~,OURT
~ . CL~R'• Ct -r-~'~"~ - (Sea4 ~
Rf ' YOttt~~: COLit~1Ye (Seai) ~
2 -T
~ SfATE OF fIORIDA ~~y~y~'!~y -
~ ~u' / / /V ` ;
:OUNTY OF St . Lu~ie ~ ~ ~
Before me perwnally eppeared GoYdon B. Couture a~ ~
Dorothy S. Couture his wife, to me well known and known to me to be =
!he individvals d~sC~~bed ir and who executed the foregoing instrument, and acknowSedged before me that they executed the same for the purposes ~
rherein exqasied.'-"'And the said ~020t~1y COZltil!@ ~
Gordon B. CO11tL1Y@ upon a separate and p~ivate ~
.~~~e of f~li~ iaid".:
e,a.rtt'~' ~~l ene`j~lt~n 7eparate and apart from her sa~d husband, acknowledged to and before me that she executed said instrument freety and volurr
cau~:~•wi'1}Spvf'eiiy. ~om~wfsion, constraim, appreheas:on, or fear of or from her said husband. ~rCh 74
A. D. 19
`fNITNESS my F+~d a±id official sea~ this day of- ~ ,
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, ~ ~ Notary lic in and for the State of Fbrids at large
a a' . - ,
c,; ~ ' .F ~ _ t : My Comm~ssio~ expires: ;
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~ C' ~ L:G .~turit To: ~NOTARY PUOLIC $T-',TE CF FLOFIDA AT LAf~i7t t
w- Fint Feckt~~w~avjt~qs b loan Association
~.MY COMI: IS~iu71 [XP{8E9 NOV~ Y9 1970 ~~a~ ~j.~
~ Qf ~ort P.erce. . ~i
~ f ' ~ : .•.~ai;. plercc. FEor~Ja
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~ This Instrument Prepared By Ca?ry F. Bllwood
~ First Federal Savings 8~ Loan Association
~ of Fort Pierce, Rloxida
~ Checked BY L~,~--- f0~ ~~0~8
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