HomeMy WebLinkAbout2274 J. To p~a~ ~~d tontinuouslY kt~p on the b~~`dingf now a hrreefter ?~tuate on sa+d land and on ~tl eyuipment and per~ona~~y covered by ihi~ mwtg~ .
t p
p~, w~th al) ptmiums thereon pa~d in full, lire ins~rance in the uival a~andard po~ity fam, in a tum approved by the MORiGAGEE, and win stam
inswant~ in tM vtual ~randa~d pol~cy fam, i~ ~ ium appro~ed by tF?e MORTGAGEE, in iuch companv w comp+^~es +i ~he MORTGAGEE maY
directj ~nd all fir• and w~nds~o~m i~su.~nce policiei on ~ny of ~a~d build,nps, any intereat therein or part thereof, in Ihe a8gre9ste sum afaeu~d a
in ~xcess theraoi, sh~ll conlain tM utuel standard mwtgagae daufe w such o~her cl+uie as the Mortgagce msy rcqu~rt, maAinp Iha loas u~der sa~d po~t
ciss, each and eveay, payable 1o s~id MORTGAGEE a~ ~~f inte~est may sppear, and each and every such poticy thall be p+omp~ly ~ss ynrd and dative~~d ?o
•ny hetd by said MORiGAGEE as fu~~Ae~ security ~o sa~d matgage debt, an~, not less than ~en (101 dsys in advance ol Iho expir~tio~ of each pol~cy, ~o dr •
liv~~ lo tiaid MORTGAGEE a renewal thereof, toge~ha~ with a receipt for the p~em~um of ~uch renewal; and there shall be no i~re o~ windsro~m insur+nce
pt~ced on ~ny of sa~d buildings, any interest therein w pa~t thereo(, un;ess in 1he fo~m and with the loss payable as ataessid; and in the evenl any sum
01 mpn~y becomet payable under scch policy w pol~cies said MORTGAGEE ihall have ~he option to receive and apply the same on account of the indebted ,
neu secured hsroby a w permit said MORTGAGORS to receive and use it or any part thereot fo~ o~1~er purposes, v.~tho~t ih~~~u~ wai~i:~g or ~mpair- J t
iny any eqvity, lien a right unde~ a by virtue of thit mo::gege; ar.d in the even~ sa~d MORiGAGORS :halt fw any reason fail to keep the sa~d premisc~ so » r-'
;nsured, ot fail to deliver promptly ~ny of said po~~cies of insurance to sa:d MORTGAGEE, or fail promptly to pay futly any p~e~n~~m Iherefw or i~ a~~ ,
respect fail ro pe.f«m, d~scharge, execute, ef(eu, comp~ere, comply with and ab~de by this covenan?, w any part he~eof, said MORTGAGEE may p~ace and
pay fw such insurance o~ any part the~eof witho~t waiving or affectinp any option, lien, equ~ty, or right under or by vi~tue o1 this Matgsge, and the
full amoum of each and every such payment shall be immediately due and payable ~nd thall bear interes~ f~om ~he date thereof until paid at the rute of
nirx per centum pCr anoum and together wilh such interest shal! be srcwed by the IiM oi this mortgage.
4. To permit, commit w sufte? no waste, impa'ument a deterioration of seid {xoperty or any part thereof. ~
S. To pay ~~I and singutar the costs, charges and e:penxi, ~ndud~n9 a reason+ble anorney's fee and costs oi abs?rods of ti~le, incurred or pa~d at
eny time by said MORiGAGfE, because w in the eve~~ of the failure o~ the part of the said MORIGAGOR to duty, promptly snd fully perform, diuharge,
rxecute, effed, comple~e, comply w~Ih and ab:de by each and every the stip~,latrons, sgreementa, condi~ions, and covenants oi said prom~swry no~e a~d ~hii
mwtgage any or e~~her, and sa~d costs, charges and eapenses, each and every, shall be immediately due and payable; whethtr a not there be no~~ce d~
mand, attempt to collect or suit pend~r+9; and 1he fuil amount of each and erery such paymcnl shall bear in?eresl from Ihe date thereof until paid at 1he
rare o{ nine per cent~m per annum; and all said cos~s, charget and expensea ~ncurred or paid, togethe~ wJh such interest, shall be setured by the lian of this
mortgage.
6_ That (a) in the event of any b~each of thi~ Matgage or defaull o~ the part of the MORTGAGOR, or (b) in the eve~t any of sa~d sums of money
herein refe~red ?o be not promptly ancj lvlly paid wi~hin Ihirty (30) days ne:t aieer the same seve~ally txcome due and payabte, wi~hout demand or notice,
or (c) in the evem each and every ~he stiputaTions, agreements, condirions and covenants of sa:d promissory note and ~h~s mwtgage any or either are nof
iuty, promptly and fully perfurned, dixhar9ed, executed, elfected, compteted, comptied w+th a~d abided Sy, then in ei~her w any such event the said ag
gregate sum mentioned in said prwnisswy note then remaining unpaid, with interest accrued, and atl moneys secured hereby, shall betome due and pay-
eb~e fo~thwith, w thereafter, at the optio~ of said MOR7GAGEE, as t~lly and completely as if all of the said sums of money were w~g~nslly stipuiated
to he paid on such day, anything in sa:d p~om~ssory note w in this INortgage ro the contrary no~withs?anding; and thereupon w thereaher at the op~ion of
sa~d MORTGAGEE, without not~ce or demand, suit at law u in equity, therefwe or thereafter begun, may be prosecvted as if all moneys secured hereby
n_d matured pnor lo ~ts institution.
7. Thst in tl+e event that at the beginn~ng of w at any time pending any su~t upon this Mortgage, w to foreclose it, w to reform iL or to enfofce ~
payment ot any claims hereunder, sa~d MORTGAGEE shall apply to the Coun having junsd~c~~on thereof for the appointmem of a Receiver, such Cov?t shall
forihwith appoint a recciver of aaid mortgaged pro(xrty all and sing~la~, intlucl~ng all and singu~ar the income, proiits, issues snd revenues irom whatever ,
seurce derived, each end every of wh~ch, it being expressly ur.derseood, is t~ereby morrgaged as if speufically ut fath and destribed in the g~anfi~g and
habendum dauses hereof, a~d such Receiver shall have rll Ihe broad and effedive funct~ons and powe~s in anywise entrusted by a Court to a Receiver, and
a~ch appointment shall 6e made by such Cou~t as an admitted equity aod a matter oi absotute rigM ro said MORTGAGEE, and without reference lo the
adeq~acy or inadeqvacy o~ the value of the p~operty mor?gsgcd or to the so:vency or insolvency o1 said MORTGAGOR w the defendants, a~d ~hat such
~~~•rs, profih, income, issues and revenves shall be applied by such Reteiver according to the lien or equ~ty of said MORTGAGEE and the practice oF such
CouA.
S. To duly, prompt(y and fuily pe~form, d~scharge, execute, effect, comptete, comp~y with and abide by each and every the stipulations, agreements, ~
condirans and covenenrs in sa~d promisswy note and this morfgage set fwth.
9. That in the event the ownership of the mortgaged premises, w ar.y part thcreof, becomes vested in a perton other than the MORTGAGOR, the
M,ORTGAGEE, its succeuors and assigns, may, wi~hout ~wrice to the MflRTG~OR, deal with such succeua or successw ~n interest with referer.ce to this
mo~igage and the d~bt hereby secu~ed in the same manner as with Mortgagor w~thoul in any way vitiati:ig o? dixhar9ing the 1llongagors' liability here-
under w upon the debt hereby secured. No sale of the Fre:nisei hereby mo.tgaged and no fabearance o~ the part oF the MORTGAGEE a its succeswrs
or assigns and no ezte~s~on of the time for tF~e payment of the debt hereby srcured give~ by ?he MORTGAGEE or its successors w au~gns, shall operate
ro relcase, d~xharge, modify ~hange o? affxt the original liabi6ty of the ARORIGAGOR herein, either in whole or in part.
10. It is specificaliy aqreed that time is of the essence of this comract and that no waiver of any obligation hereunder or of the obligatan sr
cured hereby shall at any ti•r.e thereafter be he:d to be a waiver of the terms hereof or of the instrument secured herby_
11_ In add:t;o~ to the fwego ng manth~y payments of princ pal and inrerest required by rhe prom~ssory note secvred hereby, mortgagor covenants
and agrees to pay to mo:tgagee vvith each momh!y pa~~.ient an add~no~al sum esri~ca~ed by mortgagee to be equal to 1/12 of the ann~al cost of the follow-
iny:
A-AI~ rea! ~roperry taazs levied or assessed ag.~iost the above described real estate.
B-Prem~u~ns on fire and windsrorm insurar.ce as herein req~:red ro be carr~ed on the improvemeats s~tuate on the above dascribed premises_ ~
I C-Premiums on such mortgage guaranty insurar~ce as mo+Igagee shall Ir~m t me to time deem fit to tarry on the loan setured hereby. ~
~ Mortgagee shail from time to time notify mortgagor in w~it:ng of the amount due and payable hereunder and such wm shall thereupon be due and 3
~ ~.ayable on the due date of the next month:y payment a~d ea<h successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such ~
a• cwm. S~ch s~ms sAaiS be ap~ ;Ecd by r•:o+sgag°e tov_ard !he payme~t of real property taxes, insurance prem.ums, and mortgage guaranty insurance
E~'2miUrt13. ~ .
iN ~VITNE55 Y~HfREOf, the said MORTGAGOR has hereunio set his hand and seal the day and year first aforesai~ _
Signed, Sealed and deliv ed in the preserxe of: FIL~D ~k~• 'Ey~R0E0 ~
~
~ a~
~ ST.Ll3~;: ..,~H~RStA. `
' e i '~L ~ R~~-"~ ~URT Gerald R id in . (sea4
~ • i CtcF• ::1' ~ -
- Sea~
~ ' Miami Reidling
_ (Seaq ;
STATE OF fLORfDA ~ ~ ~V ~
~ 55.
COUNTY OF $t. Lucie ~ 2j~$s~~
Before me personally appeared Gerald R@1d11D9 and
M13ID1 Reidlin4 his wife, to me well known and k~own to me to be
the individuals desuibed in and who executed the foregoinq instrument, and atknowtedged before me that they exetuted the same for the purposes
therein expressed. And the sa~~ Miami Reidling
~,fie of the said ~Yald RQ1(I1121C~ upon a separate and priwte
examination by me qken separate and apart from her said husband, atknowledged to and before me that she executed said +~strurnent freely and volurr
rar„y and without srry comp~llsio~, constraint, apprehens;on, w fear of w from her uid husband.
wiTryE58~n,3~h~~i_~~d o~ uaF r~;L 1 L~ day or APril n. i9 74
' ~
_ ~
r~
• - . Notary Public in and for t tate of f{orida at larfle
~ : t ^ ~ 4, ~ ~ My Commission expires:
~ : i Ntehkn ia.
~ first Fe~ep1 •6dvitps d Lbaw Association NNury ~vL6c, State of Her'do ~1 lerN
- Op F~~'S'~q-~, _ Mr Commission E:pina Oct. 30, 1~I~
~ •,~l~~~B~r:~e; HhiQ~ donded by Am~rIwn Fn d. Ca~vollr Cw
~ : , '•~tn: i~,~~~
C
•,r~hi11~~'-`''` .
~ This Instrument Prepared By Robert A. Sa?isheY, Jr. ;
First Federal Savings 8~ Loan Association
of Fort Pierce , Florida . _ '
Checked ByB~------ - ;
~
soa~?~5 ~
aZ
.T~'~ A'~M.t' Y _
~ ~ ~
. . ~ ~ . x ~ :.z_ s. _