HomeMy WebLinkAbout1170 3. To place and con~inuousty kecp cn the bul'd~f.9s nox or hrrra~rer s~~uore on ia~d ~and and on atl .~qu~p~:~en~ end penonally covrrzd by Ihis ma~g-
sge, with all premwms the~eon pa;d in fuil, I~re inw~e~~ce ~n ~he ~sual s~anda~d po:~cy form, in a ~~m appru+ad by tha MOR~GAGCE, and windstonn
~nsuronce in the uswt •~anderd pol•cy form, ~n a sum a~.pro+~rd by the MORiGAtiEE, in such canpany or compan~es as the MORiGAGEE may
direcl; and all (ire and winusrorm insurance pol~cies on any of sa~d 'ouitd~n9s, any interesl therein or pa~t thereof, in ~he a99rrya~e sum aforessid or
in eaces~ ~hrreof, shall contain ~he usual stando~d ~c~o<<gagre ua~sa or such o~ha+ cleuse as the Mortgagee rt~ay +eqwre, ma?~ng ~he ~ois ~nJer •a~d po~i-
ues, esch and every, payab!e 1o said A10RIGAGEE as ~ts i~urr.tt may ap~a~, and each and every such Ewt~c/ shall be pranptly asagned and deLvered ~o
sny held by said MORIGAGEE as fur~har security to sa~d mor~gage debt, a~~d, not less than ~en (10) days in ad+ance ol th~ eapn+~~a+ o! each pohcy, to de-
Gver to said MORiGAGEE a renewal the~eof, togeiher w~th a rece~pt tor the premium of s~ch cenewa~; and ~here shall t~ ~o Lre or winds~o~m insurance
plsced on any oi said bvildings, any interest thero~n w part thereoF, unless in ihe fonn and wnh the ~oss paYa~le as afo~esaid; and in the event any sum
ot monly beco~~es payable under such policy w pol~das seiJ MORiGAGEE ahall have the op~~on ~o retr~.e and apply thN same on accowd of the indeb?et~-
netf secored heraby w eo oermit said N10RTGAGORS Io receive and use it w any part thrfeof to~ ocia~r ~:~~~.cs~•s, v.~~~o.,t ~h~~~ot wa~.~ ~9 0~ n~'Pd~^
ing any equitn;er or r~ghf undr~ w by virWe of this mo:egage; and in the avent sa~d MORTGAGORS sha~l for any reaaon iai! to keep the sa~d p~emis~~s so
insured, w fail ro deliver pranplly any of said po~;cies o1 insurance to sa'd MORTGAGEE, or fai! promptly lo pay fu:ly any p~r~nwm therefor or ia a~y
respect fail ro pe<<wm, d~scharge, exe<ure, effecl, compieta, canply with and abide by lhis covanaN, w any part hrreoi, s.jid MORTGAGEE may ofate and
pay fw auch insurance or any pa~l thereof w~~hout wai,ring w aif~-cring any opf~on, lien, equ~~y, o~ righ~ unde. or by v~~~ue o~ this Mo~tgage, and the
tull amauN of each and eve~y such paymant shall be ~mmediately due and payable and shaU bear imerest (rom ~he date thereof until pald at the rate ol
nme pe~ Centvm per ai~num and to~elhet with wth uitcrest shall be sec~rrd by the ~ien o1 this mortgagC.
To permit, tommit ot suffer no waste, impairment or deterioration of sa~d propetry or any part thereof.
S. To pay all and singular the costs, tharges and expenses, induding a reasonabte attorney's fee and costs ot abstracts of title, incurred w paid a? t
any time by said MORiGAGEE, because ot in the event of ~he (a;lure on the parl ol thr said MORTGAGOR to du:y, promNtly and i~lly perform, di3tharge.
exrwre, effecb c:xnptere, co~nply wnh and ab de by each and every the s~~pulanons, agreemants, cond~tions, and covenanrs oi sa~d prom~ssory note and ~his
.~~ortgage any or e~the~, and sa:d costs, charyea and expenses, each and every, sha~l be immediately due and payabte; whether or not there be notice da
mand, aftempt ro co~lect a suit pend~ng; and the full amount of each and every svch paymenl ahall bear imerest from the date 1A~reof u~ti1 paid at the
r~tz oi ni~~e per centum p:r ann~:n; ond all said costs, charges and expenses inc~rred or paid, together w~th such iroerest, sAall be secured by the lie~ of this .
morlpage. i
b. Tha1 (a) in the event of a~y brcach of Ihis Mortgage or defawt on the pa~t of the M.ORIGAGOR, or (b) ~n the event any of saEd sw*+s of money ~
herein referred to be not promptly and fuily paid withi~ th:rty (301 days next aiter the sa~ne sevcrally become due and payable, without demand or notice,
or (c) in the event each and every the stipu:ations, agreements, cond~t~o~s and covenants of sa~d pron~issory note and th~s mortgage any or either are no1
july, prompily and iuliy perio~med, d~scharged, executed, effected, compteted, comp!ied with and ab~drd 5y, the~ in e~ther or any wch eveM the said ag {
gr~ate wm mentioned•in said promissory ncte then ~enwin~ng unpaid, with interesf aarued, and aU moneys setured hereby, shall become due and pay~
ab:e forthwith, or thereafter, at the option of said rV102TGAGEE, as fulty and completety as if ail of the said sums of money were u~g~ns~~y supulated
tu be pa:d on suth d~y, anythi:~g in sa:d pro:nisswy ~ote or in this Mortqage to the tantrary not.vitnsta~~ding; and thereupo~ w thereafter at Ihe option of ~
sa~d AtORTGAGEE, w~rhout nonce or demand, suit at law or in eau~ty, therefore or thereafrer begun, may be prosecuted as if all moneys secured hereby ;
h=d matured pnor to ~ts institut~on. ~
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7, That in ihe event that at rFe begin~ing of w at any ti~ne pending any suit ~pon this Mortgage, or to foreclose it, or to reform i?, or to enforce
payment of any claims hereunder, said MORTGAG~E shall app~y ro the Court havir.g ~unsd.cron thereo4 tor the apµo~ntment of a Receiver, such Court shall
fc~~hwith appaint a receivet of said mortgaged p~operty all and singular, i~clud.ng a!i ar.d s~nguiar the incon~e, p~ofits, isiues and revenu2i from whatever
scurce derived, each and every of wh~ch, it being expressly undersiood, is hereby mortgaged as if speut~cally set forth a~d desuibed in the granting and
h;bendum da~ses hereof, and svch Receiver shali have a~1 th~ br~ad and efiecr;ve funu~ons and powers in anywise entwsted by a Cou~t to a Recriver, and
s_:h apFointment shai! be made by svch Court as an ad:niued eqvity and a mai~er of absel~re righ~ ro sa~d MORTGAGfE, and vrithout referrnce 1o the
ad•~quacy or inadequacy of tFe va~ue of the property m~rtgaged or to the so.vency or ~nso,vency of said MORTGACst~R or the defendants, and that svch !
r_~~,ss, profits, income, iuues and revenues shali be appGed ty such Receive~ accord~ng to the :~en w equily Of yud MORiGAGEE and the practice of such =
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COUf1.
8. To duty, promptly and futly per(orm, d~scharge, e,cecute, effect, comp~ete, comp~y w~~h and abid? by each and every the itipuiations, agreements,
conditions and covena~ts ln sa~d promissory note and th~s mortgaye set forth.
9. That i~ the event the ownership oi the mortgaged premeses, or any parf thereof, becomes vested in a person otl~er than the MORiGAGOR, the
MORTGAGEE, ifs seccesso+s and ass~gns, may, wiihout not;ce to the A~OR7GAOR, deai with wch wccessor er successor in interest with re(ere~ce to this
n c~tgagc and the d~b1 hereby se[ured in the same manner as wifh 'Ao~tyago. without in any way vit~ating or d~scharging the Mortgagors' liability htrr
~nder or upon the debi hcreby securrd. No sa~e of the Fren:ises horeby mo.tgaged ar.d no fo~bearan~e on ~he pan oi the ~J~ORIGAGEE w its successor~
o~ as:igns and r.o extens~on of the ~ime for !he paymeni ef the debt h~rehy secured given by the N10RiGaGEE or its successors or ass:gns, ahall operate
ro reiease, d~scharge, mod~iy cnange or aflect tne orig;nal 6ab:Gty of the MORTGAGOR herein, either in whoie or in part.
10. It is spec~fically agreed that time is of the essence of th~s contratt and that no waiver oi any obligat~on hereuoder w of the ob:igation se-
cured hereoy shali af any tin;e thereafter be he;d to be a wa~ver of the terms hereof or of the instrument xwred herby.
11. In add t:cn to the iorego:ng monthly payn ents of pr~nc ~al and ~'~~B•E5~ requ~red by the prom~ssory no!e sc.ured hereb~, mcrtgagar eovenants
3^d agrees to pay to rnartgagee .+nh each •~~o~i'h'y •,,~y~ ~ent an add~:~unal sum rs~:n ated 'oy mo~tgagee to be equai to I, 12 of the annual cmt of the foltow-
;n~:
A-All real prcpecty tax~s levie~ o~ ass•~~sec ag::r•,si tiec ai:ove desvib~ d r_al estare.
B-Pf~j,T.~~•:~z on fire and w~rdsronn ~r.s~rarce a; h~~r,::n requ~red to be carried cn the Im~,roveme~ts s~tuate ai the above d:scribed premises.
C-Prerc~uc••s on such mortgage g~~r;nty ~^s~~rar.~e as mo•tgagee sha:l 'ro:n f~me ro r~ne deem fit to carry on the loan sec~red hereby.
Mortgagee sfiaH `rom t~me to time no~~fy merrgagor in writ~ng of the a~r.ou~t due and payable hereunder and such su:n shall thereupon be due and
~ : arzble on the d~e date of the next monthiy pay~. e. t ard e~ch successive month thereaft~r ur:til mortgagee shall not;fy mortgagor of a change in such
~ ount. Such sums s~3:i be app?ieJ by mortg>3~.e wv:ard tne parment of reai prcperry taaes, insurance prem:ums, and mortgage guaranty insurance
' r remiums.
~ IN l'11Ttii55 `:Jlti:REOf, the said 1'110RiGAGOR t~as he.eunto set his ha„d and seal the day and year (irst aforesaid.
~ ned, Sealed and de~ivered in the preserce of: ~
Scan
~ ' er LacrOix, single adu~~
i i ~ L ~~G~ (Seal)
~ _ (Sea4
STATE OF FIORI~A ~
St. Lucie ~
couNrv oF _ ~
Sefwe me personal~y appeared Roger ~C101X~ a single ad111t ~a
-fAS-OR(!, to me well known and known to me to be
tha individuat descrioed in and who executed the foregoing instrument, and acknowledged before me that he executed the same for the purposes
iherein expressed. ~n~~he~aid_
.~r ie~ ~Fie ie1~ epwr s~epa.al~awd p.:.~t~
c~e e.ninewow t~ ~ne yeket+~aepere~~ epew i~rtr ~ha ~eid 1~esband; ~ek~v~Aedged ~end befe?~ me ~Fieral~~ execeR~ sai~i~en~heei}~ swd~isrr
nrwy-~nd~w+i~oersre~ternpsnier,rev+~~eiwrraP'P~ehe~rs n,v*{ee~ef~?i+e~wHereaic~lw»bend. % -
WI7NE55 my hand and official seal this__ ~ day~ MaYCh A. D. 1~74 ~
t ~r',Ct- t
~ Notary Public in and for the St of Fbrid `at large
My Commission expires: '
N~ Return To: J w
~ First federal Savings d. loan Associat:on ' ~~S`(~
~ UV
~ Oj fert Perce. FILEt~A4= ~
~ Fo~r P+ercc, fforida ST. ~V~ ~ y ECO DED J~
~ + °~L'YTY FLA. 1 . ' ~ q.
~ ~4 r',:i:~i C URT - . ' .
~ pE~rc~ 'I_ iif ~ ~ - , ~ .
~ This lnstrument Prepared By J. H. Roberts, J~t~ ' S~ `
~ First Federal Savings & loan Association r1AlI ~l IL 59 PM ~1
~ of Fort Pierce ~ Floz ida 3345U " . t' : ;
,
~ Checked By • , ' _ ~
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