HomeMy WebLinkAbout0075 3. To piace and continuously keep o~ ti~e bui'~~~~gs nu+~r or hercafter a+iuate on sa~d land and on sli cqu~E>»•rnl and penonally covc~ed by this moNy-
age, w~th all pra+niumf ~hareon pa.d ~n iull, f~re insv~e~~ce ~n ~i~e usval s~ai~:ie~d pc.f~cy lorm, in a a~m ~pNro~ed by thr MOR~ia:.GEE, and w~nde~uim
~ns~rance i~ th~ usual standa.d po~.ty }orm, ~n a~um approved by the h50RiGAGEE, in iuch tanpa~~y ~r compames aa ~he h~OR(GAGEE may
dirett; and all ti.e a~ul w:ndsiorm insurance po~~c~rs on any ot sa~d b.iild~ngs, any imerc~~ the~ein or pa~l Ihureol, in the agg~.gafe su~n efo~esaid o~
in exuss ~hereoi, shatl zom~in the ~sual stand~rd mort9agee cauie a such other clauie as the~Mongagee may requ:re, making tha Iess under se~d po~i-
c~es, each and every. parab!e to sald ~WRTGAGEE as ~~s ~mar~•?t ~nay appear, and each and e~e~y a~cfi po ~cy ~hall be pion:Ntly a?s y~~Cd a~~d de~~~er~d to
eny hrld by sa~d h10RTGAGEE as furiher secu~ity ~o sa~d mor~gage dcbt, and, not lcsa than ren (101 deys ~n aJ~ancr of the exp~~anon of each pollcy, to dr
Irver fo sa~d ASORTGAGEE a renewa7 ~hereof, toge~hrr wi~h a rece~pt fw the pranuum ot such renewal; and ihere sha?I Ue no f~re or ~vindiio~m insurance
placed on any of ~aid bui!dings, any interest therein or part thereoF, unlesa in fhe (orm and with the lou payabte as aforesaid; and in the evenl any sum
oF money becanes payab~e under such policy o~ po~~urs seid MORiGAGEE shall have ~he opt~on to rece~ve and apNly the samr on accoum of the indebted•
ness secured hereby or to permit s3~d MORTGAGORS to receive and use it or ar.y part thcicof ior omcr pur~:~ses, ~•.~t~~o.~t ih-<<<:+ ~v~'~~'''3
ing any eq~ny, lien or riyhl under or by virtue of this mo~:g~9e; and in the event sa~d A10RTGAGORS sha11 fo~ any rceson fa~l to kaep ~he sald premisos so
insured, or fail /o deGver promptly any of said po~~c~es of insurence to said MORTGAGEE, or fa~1 p+o~,~pdy to pay f~tly any premwm therefor or in a~~y
rrepect fail to per(orm, d~scherge, eaecute, effect, completr, comply wirh and ab~de by this cove~aN, or any part hareof, said MGRTGAGEf may p~ace antl
pay for such insurance or any pa~t thcreof w~fhout waiving w alfecting any option, lien, equ~ty, or r~g!+t u~•'_• b/ v~r~ue of ihis hlortgage, and the ,
tull amouM of each and every such payment shail be immediately due and payable and shall bear inte~^t: irom tFw .'ate thereoS until po~d at the ta~e ot i
n~ne per cen~um pe+ annum and ro~~tFrr rn,~th iuch int~•resr shaii hP s~~currd by the lien ol this mortgage.
4. To permit, co~nmit or suffer no waste, impairmeN or det..~r~orat;on of said property or any parf thereof.
5. To pay all and s~nguta~ the costs, charges and expensas, inciuduig a reasonabte atrorney's fee and costs of abstracts qf title, incurred or paiJ at
any time by sa~d MORTGAGfE, because w in the event oi tl~e fa.lure on ~ne part of ~he said MORiGAGOR to d~ty, p~o:nptly and (uf{y perform, d~scharge.
_,eecute, effect, complete, comply wdh and ab.de by each and every the stipulat~ons, agree~nents, condiuo~~s, and co~enants of said pramssory note and ~hi~
,,origage'any or e~~her, and sa d costs, charges and expenses, each end every, shall be in~med~ately due and payeb!e; whether o~ not there be norice dr
mand, attempt to coliect or s~it pcnd~ng; and the f~ll amount of each aad every w~h payrneM shall bea~ inte~est from the date the~eof until pa~d at the
r,,re o! nin< per ce~tum prr a•~num; a~i~ all s~~d tusts, cf~arges a+id cxp~nses ~ncurred o~ paid, togrther wnh such internst, ahall be secured by tht lien of thil
mortgage.
b. That (a) in ~he event of a~y breach of this Mortgage or defauit on th- part of tF~e MORTGAGOR, or (b) in the event a~y of sa:d sums of money
herein refe~red to be not promptty and tully pa~d v+i+hin th,rty {3Q) days next a~r•:r the same severatly brco~:~e due a~d payable, wit6oy~ demand or notice.
or (c) in thr event rach and every the stipu,anons, agreements, cor;dttions and covenants of sa.d promisscry note and th~s mortgage any or e~ther are not
iuly, promptly and f~11y performed, d:achnrged, executed. effected, canp~eted, compV~ed with and ab~drd 5y, then ~n e~ther or any such event the sa~d ag•
3rrgate sum me:+t~oned in said promissory note then remaining unpaid, with iroerest accr~ed, and ali mo+~cys secvred hereby, shalf become d~e and pay-
a~ e forthwith, w thereafter, at ihe opr~on of sa~d MGRTGAGEE, as fuVly ard complr~ety as if a~l of tha sa~d svms of Rwney were or~ginally snpu~ated
ro be pa:d on such dsy, anything in sa.d pron::ssory note o: in this hlortgage to the contra~y noi.vnhstand~:~g; and thereupon o~ thereatter a~ ihe o~uon of
s-.d MORiGAGEE, w~thout nonce o~ demand, suit at !aw or in equrty, therefore or ~hereaher be9un, may be preaecuted as if all moneys secured hereby
n,d mat~red pr~or to ~ts ~nstitution.
7. Tha? in the evero that at ~he beginn~ng of or at any tim~ pe~ding any suit ~pon ~his Mortgage, w to foreclox it, or to reform it, or to enfo.ce
~;ayment oi any ciaims he~e~nder, said A!ORTGAGFE shali apply to the Court hav~^g ~urisdiaion theieof for 1he appointment of a Receiver, such Co.~n shail
fc~thwith appo~N a receiver of s~id mortgagrd prope*ty all and s~~yular, includ ng aU and singuiar ti~e ir.come, profds, issues ar.d revenues frar. wh~teyer
s: ,rce darived. ea:h and every of wh:ch, it be~ng exprrss':y ~nde~s~ood, is t.ereuy mort~aged as ~f specdicaliy set iorth and descrlbed in the granting and
h.,be~dum ctauses hereof, and such Rec.iver shai~ have a:l ~Fe br,;ad and effect~ve func+ or.s and pohers in anyw~se entr~sted by a Cou~t to a Recc~ver, ar,d
s_ch appoin;n:en! sha? ~ made by such Co.;rt as ar. ad.~~~tred eguity and a matter oi a6so!ute r~gh? to said MORTGAGEE, and wifhou? referente to the
acieq~a.y Gr inadrquacy Of tF:e val~e of the prope¦ty mortgoged or to tf~? so.vency er in_c~.ency of Sa:d MORiGAGOR or lhe delendants, and that such
r~•~+s, profits, income, issues and revenues ~hail be appi~ed by wch Rrce~ver accord;:~g ~u the t~en or eqvity of sa~d ~dORTGAGEE ar~d the pradice oE such
Court.
8. To d~!y, prompt;y ar.d fuI!y pertorm, discharge, ezecufe, effect, con,piete, compt~ veirh and abide by each and every Ihe st~pulations, agreements,
,.:nd;sions and cove~~nnrs ~n sa~d prom~ssory ~ote and th,s ~nortga~e srr lorth.
9. Tnat in the rvent ;he ownenhip oi tne rnortgaged pre~::~ses, o. anv p~rt thcreof, 6ecomes ~ested in a pe~wn a~her than the MORIGAGOR, the
:~RTGAGEE, irs svcceswrs and ass~gns. may, wi~hour nence to the ?dORTGAOR, deat wnh s~:h successo~ or successor ~n lnterest wirh referer,ce to this
e,o•egage and fhe deb~ hereby sec~red in the same ma~ner as wnh ::ortg~gOr w~thoot i~ ,any way vit:atmg or d~scharging the /llcrtgagori liabil~ty here-
under or upon the debt he~eby secured. tho sa!e of ~he p~en:~s~s h~•reby mortgaged and no forbearance on ~he part oi the /AORiGAGEE or its svccrssors
or au~gns and no eatens~on of the time for the paymen~ of the debt hereby secured given by the M.ORiGAGEE or i~s successo~s or au~gns, ~half operate
to reiease, d~scharge, modify change or affect the o~iginal fia~;1;!y of ~he ILCRTGAGOR herein, either in whole or in part.
10_ N is speuf~ca~iy aoreed that time is of the essence of this contract and thal no waiver of any obllgarfon hereunder or of the ob?i9ation se-
cvred heret,y sha11 at any t~me thereafier be heid to be a:vower of the terms hereof or of the instrument secured herby.
11. In acid~tlo~ to th~ tare~o:n~ month!y payments of pri:x pal and i:i!erest requi~ed by the p~om:ssory no~e sec~red he~eby, morigagor covenants
~ d agrces to pay to mo:toagee •+~~th cach centh'y paf~ .ent ar. ac;d~~~cnat s~m es! :ra+ed~by mo~tyagee to be equa~ to 1, 12 of tE:a amuat cost of the follow-
~ ' A--AiI real preperty tax~s fevre~ e~ ass~ss~:c! a7+~',st rhe a%,o.e dezcri~~_d r=a! es!ate.
~ B- Pr_c~Iu~ns e~ f:re and wind>torm msur~~.ce as he-~~n req•.~red to o~ carn~,d on the ;mprovements s~tuate on the aEove d_scnbed premises.
E C-Pre:r.io^ s o~ such mort~, ge g~aran!y ir.svrar,ce as mor~gayre sha11 fro r. t+ne to t~me deem fit ro carry on the loan secured hereby.
~ 1r.or•oagee s+~.~~~ t~rne ro t~-~e r.or~f, mcr~„s~C• :n +v~~t~r.g o4 the a~rou~rt d~e and payable herevndrr and such wm sha!: the~eupon be due artd
~ ; a;able o~i tF~~ cd~e dar~ oT th> next month:/ pay•rer;t acd e3ch success~ve mor.th fnereafler u~:fil mortgagee shal! notify mortgagor of a change in wch
- ount. Such su r,s sFa.•. ue a;.s~'~_d by mortga3ee rv:rard ine {-a~mEn: of rest property taxes, mwrance pr ~ums, and mortgage guaranty insvrance
;,remium5.
~y {N V~ITtJES~ :4H~R~OF, the said MORTGAGCR has hercucto set his ha~~d and seal the day and year irst aforesaid.
~ - igned, Se~ ar.d deiivered in he prese^ce of:
ri Seah
~ i walter waYren ~~aq
~ - ~!'v~~_(Sea!)
~ - - , / •
~ (SeaQ
~ - - - - /
a
~ S~ATE OF FLORIDA ~
~ St. Lucie
~ c~ur~ir oF ~
Before me persor.a~ly appeared WalteY warren and
~ Ci1dC@ Ci• Warren his wife, to me well known and known to me to be
_ -
`ti= the ind:vidvais desc+~bed in and who executed the forego ng instrument, acknowtedged before me that they executed the same for the purposes
~race G. M~arren
~-s therein expressed. And the said__ -
:s"s ..~~{e of the said Wa1teY-WaYt@Il _ upon a separate and private
eram:nat~on by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument freety and volun-
ranly and wlthout any compuisicn, constraint, appreF.ens n r fea~ of or from her said husband. /J
c ~ ~l 1 A. D. 19 74
Y1ITNESS my hand and official sea! this__ day of
ti ~
_ ~ ~ d~,~ ~
_ Notary ublic~i+r a~d for tre, ate of lorid at large
My Comm~ssion expires: ~L~2_;~~7
Retv~n 70:
,
- First federal Savings 6 loan AssociaY,o~ 't`I `
Of fcrt F.erce. . -:T .
>?~"j ~ - ' ~ • f ~
_ Fcrt P:erec. Flcrida , f, ~ 1 ~ . ti :
~7 - - f t~ _
~ fu.~c,?xr aECaaoEa = ~ ~ ~
sr. ~uci~ ccuimr Fu?. ~ ~ ~._f ~ -
This Instrument Pre ared B J. }i. ROCcfi P~ItRA3 ~ _ ?.j. . 1~.'
P Y Roberts, Jr. f., -
- First Federal Savings & Loan Association CLEkK CI=CUIS COURT
Rf"ORO Y£P:F!ED ,
~ ' f .
_ of Fort Pierce , Flor ida ' ~
~ ' ~ ~t ~ ~ 9 35 ~'7~
~ Checked By
~ 0 R j"'
aooK226 o~cE .15 2'79~.`7'7
~ " dz
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