HomeMy WebLinkAbout2960 To plau and cOnrin~w~.sty keep on the bu~id+n9s now a hc~eaftN situa~e on said ~and and on ~II eqvipmtnt and ps~sonally covered by Ihi~ mat~
~Q~, w~th ~II prtmivms rhueon pa~d in lu~f, i~re insuranc~ in tM usual stand~rd policy lam. in a sum approved by tM MORIGAGEE. a~d winds~orm ~
;r,~a~ in dy ~,u,~i s»ndard po~,cy fcrm, ;n a sum approved by th~ MORiGAGEE, in wch companY a ca^Wniei as 1M MORiGAGEE may
f~ w~~~ i~~ ~K;ti ~~y d~;d bu;td„gs, ~ny ieters~~ ~h~rein w pu1 tMr~of, in tM +y9rc9~~e ium afasiaid w •
in sactss the~eot, sh~il contmn ths uwal star~erd morrga9e~ clavse or such o~Mr ctaus~ as tM Mat9+yN m+y re9u'n. ^+~k'^p ~hs los~ u~der ~a~d polf ~
uss, each ~nd eve+y. p+Y~!e a uid JNORTGAGEE ~s ~~s u+~erest may appea~. and e+ch and way such poticy ~hatt be p~omptly ~u.9ned and delivered ~o .
~ny heW by sa~d AAORiGAGEE as fwthe~ secu+ity to w~d mortpa8e debt. u+d. nw less ~h+n Nr? (~0) day~ in sdvanc~ ot the eapiration of e+ch policy. to d~-
live~ ~o ssid MORTGAGEE s renewal thercof. ~oyerMr wi~h a receipt fw the pnmium ot wch r~newal; and ~he« :hall be ra fire or windi~wm insu?ance .
plaoed on ~+y of said buildings. ury i++terest the~e~n o? part thereof, u~ku in the fam and with IM loss p+ysble as ~fatsaid: and in tM event any wm
~~y ~a,,,~ ~y~ ~„~,y ~,d, po(;~y p pol;c;es said MORTGAGEE shall haw iM op~w~ to receive ~nd apply ~he same on accoun~ of the indebted •
~u yKw~ ~~y p p p~rmit said MpRiGqtsQQ$ to reeeive ~+d uf~ it Or ~ny parl thereof fo~ othc~ purposes, v~itho~t thareb/ waivia~y or ne:pair•
;r,y uiy equ;ty. lien or ryh~ undar or by v'utw of this n+aty+~s: ~+d th~ ~vent said MORTGAGORS thatl fw a~y reason fail to keep the uid premisrs so r
insured, a}ail b deliver pomptlY sny o~ sa7d pol~cies of iruwance to sa~d ~NORiGAGEE. a fsil prwnptly to pay fu:ly any premium therefor or in any
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{~7 p pe.farnti d:scharge, e:ecvte, effM, comple~e. comply wi~h a~d sbid~ bY tha cove"a^~• ~^Y P°ft hcreoi, said MORTGAGEE may plxe a.+d
pay fw wch inswanu a any p+rt thered w~~hout waivinp w ~ffactinp any option, lien, equ~ty, o? righf unde~ w by virtw of thii Mafga9e, and ihe
!u11 arr~ount ot each a~d ~vefY such P+Y+^~^~ s~?~~I be i'TM"~duKfy dw a~d p+ya~° ~+11 bear iMerest from ths date thereof u~til paid a1 the rate of
nine per centum pe~ arnwm a~d to~e~ht+ wi~h wch ic+te:ea~ shall be sscured by t}r lien of this mortpsge.
4. To pennit, oonwnit w wfter ~o wute, impairme~t o~ de~e*aratan of sa~d prope~ty w+nY W?f thereof.
~ 7p ~y ~~;~,~x ~~s, ~l~rges ~r,d ~,cpenses, ;nciuding ~ r~vsonsbk sttomey's fee and costs of sbstracts of ti~Ie, incurred w paid a~
any time by said 1NORTGAGfE, because or in th~ evs~+t ot ~h~ failwe on tht put of tl?~ taid MORTGAGOR to duly. promp~ly and fully periorm, d~xharg4
execute. effecf. aompk% canpty w~th and ab:de bq each and every the s~~pu~arions, apreaments. condi~ioos. and cover?ann oi ~aid promi~so.y note a~~d thi~
~9+9e ~^Y or enhet. ~nd ta~d cosn. cl~.ges and expe~ses. e+ch and ewry. shall be immed"utefy d~e and payeble: whe~her w not tFxre be notice d~
r„and, anemp~ to cdkcf or wir pend~rg; and ~he fu11 anwum of e~ch and every such p+rmeM sh+ll bea. interest from the dste thereof unril paid af ~he
rate of nine per ceetum pe~ amw:n; a++E all said costs, charges and e~,xnsts intwred or Wid, 1o9e1her with such iMereit, ihall b~ ~etured by 1M lieo of thu
mwt~+9e-
b. Th~t (s) in the erent of any bre~ch of lhis Mwtgagc or default on the part of the MORTGAGOR, w(b) in the event any of said sums of money
hercin reFerred b be nW prwnptly and fuliy pa:d w~~hin thi.ty (30) days next afte~ ths same sevrally become due •r.d payable. witho~f demand w notice.
w lc~ in tl+e evere each and every the atipu:a~ioro. agresn+eros. cond~tions and covenanh of sa:d pran+ssory note and th~s mortpage any w either ~re nol
~uly, promprlr +nd fuily perfon++ed, d~scharged. e,eecueed, eftccred. compkted. tompl~ed with u~d abided by. then in eifher w ~ny such eveM the s+~d a9-
gregate swn mentioned in sa~d Wom:sso~Y no?e tt+~^ rem++^„~9 ~^P+'d. with iNerest acuued, and all moneys xcured hereby, shall bctome due and pay~
abte fwthwith, a thereafter, at the oprion of said MORiGAGfE, u fully and comple~ely as if all of tFK uid sums of money were o~ig~ns~~y sGpulated
~o ~ pa;d p~ uxh day, a~ytt~ng ;o sa;d prom:ssoey nae a in tfiK Matgage to the contrary notwithstand~ng; and thereupo~ or th~reafter at the opt~on of
said MORTGAGEE, w~fhout rwtece or den?snd. suit at law or in equity, therefwe or thereafter begur?, maY be p~osecuted as if all moneys sscured hereby
had matured pr~w to as "untitutiw~. ,
7. That in tfie event tMt at the beginn:n9 of or at any time pcndi~g a~y wit vpon this Mwtgage, or 1o fweclose it, w to reform H, a to enforce
payment o4 a+iy daims hrreunder, sa7d 1VhC~RTGAGEE shalt apply to the Court having jurisd~aion thereof for the appointment of a Receiver, such Gourt shall
fwthwith appoi~t a~rce+re~ of said mortgaged prupe?t1l aIl and singular, includ~ng all and singulsr the income, p~oiits. issues snd revenues f~om whatever
sourcr derived. each s~d everY of whKh. it bew+g expressly u~dcruood. is hercbY mortga9ed as if spec;fically sN forth and desctibed in the gnnting and
habendurn clauses hereof, and such RecNVe? shal! have aU the b~oad and eftect~ve funct~ons and powers in anywise entrusted by a Cou~t to a Recei~rer, and
s;.ch appointment s1+a~1 be made bY wch Caut u a" ~d"L'tted eqvity and a matter of absolute right to sa;d MORiGAGEE, snd without reference to the
adequacy a inadeqwqr of ti+e w!ue of the p~ope~ry mw~g~9ed u ta fhe sory~^zY o? ~nsolvency of said MORTGAGOR a the defendants, and ~hat such
renn, profits, incorn~, issues and re.cnuea shal! be appl:ed by wch Receiver scc«d~ng to the lien or equity of said MORTGAGEE and t4e practice of such
Cowt.
8_ To dufy, p~omptty ane! fuliy perfwm, dacha.ge, execute, effM, cwnplete, comply w~th and abide by esch and every the stipvlations, agreements, _
conditions and covenu+n ~n sad promi:sory nose and th;s mortgage se1 forth.
9. That ie the e~rcnt the ow~ership of the mort9~9~ P«^"ses. a any part thereof, becomes vested in a persa? other than the MORTGAGOR, the
!~tORTGAGEE, :ts svccessors snd sugns, may, wiihout noeKe to the MORTGAOR, deal wi~h such successor o~ successw in interest with refererxe to tl~is
myigsge and the deb~ he?eby secu.ed in the same n++nner as wi~h /Awtgaga without in sny way vitialing or dixhargirg the Martgagors' liability he~tr
~;,der ar ~pon the debt hereby sea,red_ No sa:e of the Fremises hereby mo+~gaged +nd ~o forbearance on the part of the MORTGAGEE u its successo?s
o~ auigns and ra e,cter+s~on ot she time fw the payment of the debt Mreby secured given by the MORTGAGEE or its successus w auigns, shall operate
to rekase, d~scharge. ~nodity ctw+9e a affsct the org~nal liab~l:ty of the MORiGAGOR here~n, either in whole w in part.
10. tt is spec~fica?ly ag*eed that time is ot the essence of this coniract and that no waiver of any obligateon hereunder w of ihe obligaYan se-
cured hereby shafl at any time thereaifer be held to be a wa~ver of the terms hereof or of the instrument set~red herby.
11. In add:tio~ to the forego-ng monthty paymsnK of prirx'pa1 and interest required by the prom~swry no~e secured hereby, morigagor tovenants
and agrres to pay to m-0:tgegee ~~th eacF+ monthty payrrxnt aA add~rronal sum est~maeed by mo?tgagee to be equai to 1/12 of the annual cost of the follow-
in~:
A-Al! real ~ope+ty 'a:es lev~e~.' or assessed agai~st the above desuibed real estate.
B-Prrm+urns on (~re and windstorm insvrar.ce as here~n requ:red to be carried on the improvements sitvate on She +bove desc+ibed premises.
C-Pre~m~ums on sucA mo~tgage 9W?a^t-t srsu:ar.ce as r*.crtg~ee shaH from r.me to Nme deem fit to carry on the ban secured hereby.
JV~wt9agee st~.ail't~~ i;me to time notify mwtga~or in writirsg of the amount d~e a~d payab2e hereunde? and such sum shall thereupon be due and
f Fayable on the duc oate of ~he nest nwnth!y payment and each successive month thereafter ur.til rtwrtgagee shall notify mortgagw of s change in such }
E a--wvnt. Such sums sNaii be appiied"by mortgagee tv+vard the payment of real property taxes, insurance prem~ums, and morigage guaranfy insurance
t .
{ WITNESS Yr'HER' tiK sa~d MORTGAGOR has he?eumo xt his hand and seal the day and year first aforesaid.
' - tH! pr of:
~ - - (se•Q
~ a r r . axr~r an
n
~ Mar a et I. Maxw 1 q
57ATE OF fIORIDA ~
St. Lucie u
cou:vtY oF
~f«~ ~ ~~ih Harry D. MaxNell e~+d =
~?1a rqa ret T. MaxMel l ha ~,,,;fe, to me well known an~ known to me to be
rhe infiividuah descr~bed in +nd who executed tF+e fo~egoing i~xtrument, and acknowledged before me that they executed the same for the purposes
- Ma rga ret I. Naxqel l
.v;fe of the said Harry ~ta~awell _„P«, s upsrate and privste
exam'u~atwn by me taken separate and apart from her sa;d busband, adcnowtedc,~! to snd befwe me that she executed sa~d irotrurrKM freety and volun-
rar~Ey and wohait •ny canpuis;on, corutra+nt, or feu of or from her said husband• A rll p, D. 19 74
WITNE55 my hand snd official seal t~ a~~-~~-' • d+ .
Notary Public in a for t State of ids at larye
~ ? My Commiuan expires:
Resurn To- ~ ~
' Fiat fcdersl Savin9s b toan bsociation •
oi Fwt vie.ce_ Ep ANO flEC~1R0EO . ~ ~ ~ ~ ~~y:
Fwt Pir~ce. FiaKla F~l ~',OVe•Y f~- t. t / i;_ i
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CLRO YE~~f1E~.~"' . - . ~ ' . ~ . . ; = .
This tnstrument Prepared By Jo~ W• ~P~~s ~ . - . ,r
10 i4 ~ ~ - :
First Federal Savings b loan Association ~ = ~ . ' . -
of fort Pierce , FlOrida • - ; =
~'!y . ~
Ch~C~CC~ By ~ 2'79Q~1 I r' ~ ; '
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