HomeMy WebLinkAbout1542 To plece end com~nuo~si~ keep on ~i~e L:.~;J~~.~s n~w or I cr.~:.iter srt„ote on s~~d ~and and o~+ a~~ ey.~~~~~~~ero and prrsona!!y tovr~ed bY ihis mat¢
ag0, with atl prrn~ivrnf Ihriron µa J~n lull, ti~e i~~s~~e ~<a in tlw ~7~.i1 stonJerd po~ity iofm, in A ium aHpt~red by the MOk~G%aGEE, a~~d w~~idstwm
~nsurance in the usual s~anda~d poi:cy tanL in a sum approved by ?he MORTGAGEE, in such company or compan:es as the MORiGAGEE may
diretl; and all (irs and winJs~orm insurance polk~e~ on any ol sa~d bu~!d~r,gs, any intereit therein or pa~~ iherenl, in the sggre9ete sum afwe~aid a
in ~xceas ther~of, sha~l tonta~n the ~awi sta~~Jard mo~~y.~gea ciause or such o~her ctsuse as the Mor~gagee rnsy requ~re, maAing ~he toas unJer •a~d po~r
cies, each and every, payab~e ro sa~d AIORTGAGEE as ~ts ini.r_st n~ey ep~a~, and rach and e+e~y such po!~cr alall br pro~~~p~~y ass gned e~~d detivered ~o
~ny held ~y said MORlGAGEE as f~rth~r eewrity to sa~d ~~w~~yaaa dabt, and, no~ le~s ~han ~en (10) days +n ad.ance o1 ihr e:p~~at;on of esch poGcy, fo dr
Irver fo ssid A10RiGAGEE a renewal ~he~eof, ~oge~he. w~~h a rece~p~ tot Ihe prrmi~m of such renewal; and ~i~ere sh~Il be ~w G~e or wi~~dsior~n infu~iM!
placed on any of said buil~~ngs, •ny interesl therein o~ parl thereot, unirai in the form snd wifh ~he loss payable as a{oressid; and in Il:e rv~tN any ~um
pl money becanes payab:e undrr such policy w pol;cirs saiJ MORiGAGEE shjll have ~ha op~~on ~o recewe and apNly ~hr same on eccount of the i~waebted-
neu sKured Fwf~by or to pe~rnit a~id MORTGAGO~'S to rccr+va and use it w any p:,rt th~rro} to~ ocn~~r ~.ory.asrs. :.~~~~'.~t ~h-'~:~+ ~~~r~n~ o~ ~~~~p~~~•
ing any equ~ty, lien or righl u~der or by vir~ue of this mo::gage; and in Ihe event u~d MORTG~vORS sha!I (or any reason (ail to keep ~he sa~d premis:f io
insured, or fail to dellver promptly any of sa~d pol~cies ol iniurance fo aa~d MORTGAGEE, or ia~t promptty to pay f~Ily any premwm thercfor or in a~y
respecl fail lo pe~Eam, d~scharye, execute, efirct, canpletr, canply wi~h and abide by th~s cove~anl, or any part hereoi, e~~d MGRiGAGEE may p~ace aed
pay fw svch insuronce w ~ny part thereof w~ihout waivirg or aNeding any option, lieo, equity, o~ tight under or b/ virtue of this Mortgege, a~d tht
full amount of e+ch and every such paymeM shalt be ~mmrdiately duo and payab~e and shafl bear intNrrst irom IAc dote tF~er~roi until paid at the tate ol
mne per cenwm per annv~~~ and tog~th~r v~rth wch i~~e~est shal~ be a~~cured by the I~en of th~s mortgage.
1. To permit, commit or sufie+ no waste, impairment ot detrr~orahon of sa~d properfy or any part thereof.
5. To pay all a:~d singular the coats, charges and ex{~enses, including a reasonable attorney's fee and costs oF abstrads of titte, incurred or paid ~t
any ti~re by aaid A10RTGAG~E, betause w in the eve~~ ol the ia~Iure on ~he pari of the aaid MORiGAGOR ~o duly, pranp?Iy and fully perlorm, d~uharge.
e~eecute, effeU, complEte, comply w~th and ab.de by each and eve~y the stipulanons, agreements, conditiau, and torenams ol sa~d promi:sory note a~d thi~
mortgage any or e~~her, and sa~d costs, cha~ges and expznses, each and every, shali be immediately due and payablr; whethe~ w not there be no~ice d~
mand, attempt to collect w suit pend~~g; and the lull amovnt of each and e~e~Y such payment shal{ bea~ ~Nerest f~om the d~te thereof vntil paid ~I ~he
rate of n~ne per crnt~m per anncm; a~w ait said costs, charyes and ex~:enses inturred or paid, togc~her wJh su<h interesl, shall be secured by the lien of th1~
morlgage.
6. That (s) in fhe evenf of any breech of this Mortga~e or defav~t on tlw part of the MORiGAGOR, w(b) i~ the event any of sa:d sums of money
hrrein ~eferred to be not promptly and fully paid witnin th..ty (30) days next air«r the same seYarafly beca+ie due and payable, vri~houl demand or ootice,
or (c) in Ihe event each and e~~ry the sripu:a~~ons, agree~nents, condiriors and covanants of sa d promissury note a+~d th~s mortgage any w e~ther a~e nol
!uly, pranpNy and fu11y perforn>>d, dncharged, execu~ed, effect~d, co~npleted, compGed with and ab~ded 5y, then ~n e~ther o~ any such evenl the sa~d ag-
gregate sum mensbned in said ~rom~ssory nofa then rema;ning ~npaid, with inrere,! accrued, and afl mon~ys secured hereby, shall become due and pay-
ab~e forthwith, w ~hereafter, at the apnon of jeid MORiGAG~E, as [uify and comple~ely as if alt o~ ~he said sums of money were orginally sGpulated
to be pa:d on such dty, anything in sa d prom~ssory note or in this Mo~~gaqe to the conrrary nor,vithstand~ny; and thereupon or therealter at the option of
said MORTGAGEE, w+thout oon<<: o~ drmand, wit at lew or in eyudy, ~he~elore or tl:e~eairer begun, may be prosecuted as if all moneys secured hereby
hed ma~~~red priw to ~ts inst~t~tio~.
7. That in the event that at the kxginn~ng of or at any ticne pending any su~t upon this Mortgage, w to ioreciose it, or to reform it, or to enforce '
payment of any cla~ms he~eunder, said MORTGAGEE sha!I apply to the Court ha~~~~g iurisd:ct~on thercof for the appo~ntmeN of a Receiver, such Court shall
Forthwith appo~m a receiver of said mo~tgaged property ali and singular, includ.ng all and s~ngu+ar ~he inco~r,e, profds, issues and revenuei f~om whatever
so~rce derived, each and every of wh~ch, it being exuress'•y unders~ood, is her_roy mortgaged as ii speufically sN fortfi and descnbed in the g~aoting and
habendum dauses hereof, and s~ch Receiver shall have all the b~oad a~d eifect~ve funct ons arx! po.vers in anywise ent~usted by a Court to a Receiver, and
t:.ch appo~mment shall be made by wch Cowt as an admi~t K! equ~ty and a matter o1 absolure right 1o said lNORiGAGEE, and wirhoul reference to the
edequocy or inadequacy cf tnr val~ of the prope~ty mor~gaged or to rhe so.ve~cy or inso~vency of said MORiGAGOR w the defendants, and that such
rerts, prof~ts; income, issues and revenues sha11 be appii~~d b~ such Receiver accord~ng to the lie~ a equity of said MORiGAGEE and the practice of such
Court.
8. To du~y, promptly and fuily perform, discharge, execute, effect, compie!e, comµly with and abide by each and every the stipuiatiors, agreements,
conditions and covenanu :n sa~d promissory note and th:s mortgage set forth.
9. That in ~he event the ownersh~p oF the mortgaged pren::ses, or any part the.eof, becomea vested in a perwn other than the MORTGAGOR, the
".'.ORTGAGEE, its successors and ass~g~s, may, ~v:thout nor~ce to ~he r~tORTGAOR, deai with such successo~ or successor in interest w~~h reference to this
a•o-tgage and the d_bt F.ereby secured in the same rnanr.ar as w~th rSo~t~~gor without in any way vit:ating or d.uF~ergir,g the ldortgagors' liability here-
~nder or upon the debt he~eby sc:t~red. No saie of the Frem~ses h~•reby rno~tgaged ard no forbeafance on the par~ of ~he /AORTGAGEE p its svccessors
or assigns ar.d no e~tensio~ of tne nrnP fo~ the payment of tne debt h~re6y secured 9iven by the h40RiGAGEE.o~ its successws or assigns, ai~all operate
to re!ease, d.acharge, modify change ar affect the o~ig;nat iiau:i~ty of the KOR(GAGOR herein, either in whole or in part.
10. It is specif[cally agreed tha? ti:r.e is of the esse~ce of this contract and that no vraiver of any obligae~on hereurn-~er or of 1he obligation se-
c~red hereby shall at a+y ti:r.e ~be~eaher be h.cld to be a wa~er oi tfie terms hereof w of the instrumem sewred herby.
11. In add;t;o~ to the fwego'~q montn;y paym~nts of princ pal and inserest requ~red by the prom~ssory no~e secured hereb~, mortgagar tovenants
and ayreea tu pa~• to mortgaare +~.th cach ~ronrhiy pa~r::ent an add~~+onal sum est~:nared by mortgagee.to be eq~al to 1;'12 of the annual cost of tt?e follow-
~ng:
A-AI; reat F;roperty taxes le::ed or ass~sa~_d .+y~i•,s! th~: aFlove dezcr,b~d real estate.
B-Pr~o~•un:s on fue and windsiorm +nsurarc~• sz he:•~~~ r~~q~~:ed to be ca:ricd on th•_ mrrovements s~tu3te on the above described premises.
C-P+en:wms c,n Such n,ortg..~t• goarant~ :rs~ra~..r t~ mo•tgagee shaN frc:~ t me ro:ima deem fit to carry on the loan sewred hereby.
Mortgagee si:~!i hcm rime ~o r~n,e ner:fy mortya7ot m w~:t~ng of the a~~~ou~t dve and payable hereundar a~~d such sum shall thereupon be due and
~ ayatle on tne d~e date of tne nea~ ~r.o~th:y pay^:~_ot and each SuCCC55irC month tnereairer ur.ti? mertgagee sha~l notify morrgagor of a charsge in such
a~ o~nt. Such su:ns st.a;i be app:~ed ty mcrtgag~re tolvoid the payment o4 reat p~operfy taxes, insurance prem:ums, and mortgage guaranty insurance
~i premiums.
~ IN V~IiNESS `.lHEREOF, the said MORT~AGOP, k~as hereunto set his hand and scal the day and year~rst afw id.
E Signed, Sealed and delivered in the presence of:
~
aq
~ - C renc . R «an
~ - < ° ~Ff-~ ra . ex s~aq
~ (Seaq
~
STATE Of FLORIDA ~
S5.
cour,rY oF St. Luc ie ~
Before me personaiF~ appeared Clarence J. Rexford a~d
S,ara A RpxfAfd his wife, to me well known and known to me fo be
the individ~a+s describtd in and who executed the iwegoing instrument, and atknowfedged before me that they executed the same for the purposes
therein expressed. And the said_ Sa~'a F- RQYfe~rr~
n•~~e of ~he +a~a _ Clarence J. Rexford u~ a sepa.ate snd private
exam~nation by me taken separate and apart from her said husband, acknowfedged to and before me that she executed said instrument freely and volurr
~ar~~y and w~thout any compvts~on, ccns~raint, app/rj hF s~on or fear of or fr her said husba d. _ ~
WITNE55 my ha~d and offic~al seal th~s-:zS~ day [,scCL ~~L~ _ A. D. 19~
~ " L '~i
~ Notary Public in and fer the 5 of Flori d at large
~ My Commission eapires:
t'~ Return To: ` . /J~'`
~ first Federal Savir~s 3 Loan Associanon _ -
~ Of Fort P erce. ~
~ ~ • _i
for: Fr_rce. F~criJa 1a~E~ .
. 4, ~
~ F1LEC? ;~~~pTY fl~• ~ ~ .
ST_lU~'•~: : C,~-RAS : .
FO.•= ;j C~URt ~
~R f ~'t ~J ~J r----" „ C T~j ~ ~ - - ?
This Instrument Prepared By GaT'y F. ElI1d~ , vC ~ = ' ' ~ : ,
First Federai Savings 8~ Loan Association A~ s~~ ; C"~.', • ' r":';
- of Fort Pisrce~ F1oY'ida 33~iS0 a L~4 1~ i c_.
~ .,~'~~LI C
~ y ~ - 2~8~.13 . ~
Checked B ~`1r'•• ••-::~~~~~'•`4
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a ' - vO~iK ~M~ PAl/i~~~~
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