HomeMy WebLinkAbout1204 3. To place and continuoualy keep on the bui'd~ngs now a hereafter ~ituate on said ~and and on ~II equ~p~nent and persons~ly covered by this maig• .
sgs, w~th all p~emium~ ihercon pa~d in f~ll, f~re insurancr in ~he ~s~al s~a~xla~d po;~cy form..in a sum approved by the MOR~GAGEE, ~nd winJatorm •
iaturance in Ihe utual i~andard poi~ty form, in a sum approted by the MORTGAGEE, in such tompa~y or tompan~es d~ Ihe MORTGAGEE may
direct; ~nd all fi~s and w~ndstorm ~nsurance Po~k~es on any o1 sa~d buiid~ngs, any interes~ the~ein o~ pan ~hareoF, i~ ~he aggregaee sum aforesa~d or
M excess ~hsreof, shatl cex~tain the usuat standerd matgagee dause w such othe~ dauss ai the Mortgagea may requ~ro, making the lo?s under sa~d po~i-
cies, each and avery, payaDle to said MORTGAGEE ai ~ts intere~t may appear, and each and eve~y iuch poi~cy shall be pro~np~ly ass gned and deliver~d to
any held by said MORTGAGEE at lurther sec~rity to wid mortgage debt, snd, ~ot leu tha~ te~ (10) days in advance o( the exp~~etion oi each polity, to da
livt? to iaid MORTGAGEE a re~xwal thereof, toge~her with a rece~pl for the premium of such renewal; and there shall be no f~re o~ w~ndstorm insurance
plsted on ~ny of said build~ng~, any interest thecei~ w part thereof, un!e~s in the form and with ths toss payable as afo~esaid; and in the event any sum
of money becomes payable undcr such polity u po~~c:es sa~d MORTGAGEE sh~~l I~ave the op~~o~ to rece~ve a~d apply fhe same on accou~~ of ~he indebted-
neu secured hereby w to permit said MORiGAGORS to reCeive and use it a any part thereof tor osher purF~oses, .v~lhovt th_reu/ wa~~~.~3 v~ ~~«P~~r-
in~ any equ~ty, lien or righl ~nder a by virtue of this mo:tgage; and in the evenl w~d MORTGtiGORS shall fw any reaso~ fail lo keep the said premisas so
insured, w fail 1o deliver promptly any of said po~~c~rs of in~urance to sa~d MORTGAGEE, w fail promptly to pay fully any prem~um therefor or in any
~espect lail to pafarr~, d~uharge, execute, elied, complete, comply wi~h and abide by ~h~s covenant, or any part hereof, said MORTGAGEE may place a~d
pay for suth insurarice or any part thereof without waiving or ~ffectirq any option, lien, equ~ty, or right under a by vi~tue of this Mortgage, and thc
full arnount o( each and every such payment shall be immediately due and payable snd shall bear i~terest from th0 date Ihereof until p~id at the rate ol
nine per ce~tum per annum and to~rrher with such interest shali be secured by the lien of this mortgage.
1. To permil, commit or suffer no waste, impairment w deterioration of said property ot e~y part thercwF.
5. To pay all and singular the costs, charges and expenses, including a reasonable attwney's fee and costs of abst~acts of title, incurred or paid at
any time by sa~d MORTGAtaEE, because a in the event of the iailure o!L.~he pan of Ihe sa~d MORfGAGOR ?o duly, prompt?y and fvlly perform, d~xharge.
exec~te, eifeci, comptete, comply with and ab~de by eath and eve?y the stipulations, eg~eements, cond~tions, and covenants of said promissory ~ote and thi~
matgape any w e~rher, and sa~d cosb, charges and eapenses, cach and every, shall be emmediately due and payabte; whether or not there be notice dr
mand, allempt fo coflect a suit pending; and the full amovnt of each and e~ery such payment shall bea~ interest from the date thereof until paid at the
rate of nine per cenrum per aniw~n; and all said costs, charges and expenses incu~red o? pa~d, together w~th such interest, shall bt secured by the lien of th~i
matgage.
6. Tha? (a) in the event of any breach of this Mortgage or default on the part of the tdORTGAGOR, or (b) in the event any of sa;d sums of mo~+ey
herein referred to be not promptty and futly paid wi~hin ~h~rty (30) days ne,ci aire~ the same severatiy become due and payable, withouf demared or no~ice,
o~ (c) in the eveM each and every the stipulations, agreements, conditions and covenants of sa:d promiswry note and th~s mortgagn any or either are not
~vly, promptly and fully perFormed, d~xharged, executed, eifected, completed, complied with and abided 5y, then in either o~ any such event 1he said ag
gregate sum mentioned in said pron,issory note thrn remaini~g unpa:d, with interest acuued, and all moneys secured hereby, shall become due and pay-
able forlhwith, or thereafter, at the op+~on of said MORiGAGEE, as fulfy and comp~etrly as if all of the said sums of money were w~9ina:ly st~purated
ro be paid on such day, anything in sa:d prom~sswy note a in thia Mwtga9r to Ihe controry notwithstand~ng; and thereupon or thereafror st the opt~on of
uid MORiGAGEE, without no~~ce or demand, suit at law or in equ~ty, there(ore o~ thereafter cegun, may be prosecuted as if all moneys secured hereby
1Wd maturCd pr~0? to its inStituti0l?. ~
7. That in the event that at the beginning of or at any time pending~ any suit upon this Mortgage, w to foreclose it, or to refwm it, or to enforce
payment of any claims hereunder, saed MORTGAGEE shall apply to the Cour~ having jur~ad~ct~on Ihereof for the appoimment of a Receiver, such Court ~hall
Fwthwith appoint s receiver of said mwtgaged property all and singular, includ~ng all and singular the income, profits, issues and revenues from whatever
source derived, each and every of wh~ch, it 6eing expressly undersiood, is hereby mortgaged as if speufical~y set fwth and deuribed in the gran~ing and
habendum clauses hereof, and such Receiver sha+t have all the Moad and effecrive funct~ons and powers in anywise entrusted by a Court to a Receiver, and
such appointment sha? be made by such Court as an admitted equity and a matter of absolute right to sa~d MORTGAGEE, and wi~houl re(ererxe to the
adequacy w inadequacy of the value of the p~operty mortgaged or to the so:vency or insolvency o1 said MORiGAGOR a the defendants, and that such
rents, pro(its, income, issues and revenues shall be applied by such Receiver accord~ng to the lie~ w equity of said MORTGAGEE and the practice of such
Court. '
8. To duty, promptly and fully pe~form, discharge, execute, eifect, complete, comply with and abide by each and every the stiputations, agreements,
condita~s and covena~~s ~n sa~d prom~ssory note and th~s mortgage ser fwth.
9. That in the event the owr.ership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, ihe
MORTGAGEE, its successas and aasigns, may, wi~hout notice to the h40RiGAOR, deal w~th such succeuw w successor in interest wifh reference to thia ~
mo~tgage and the debt hereby secured in the same manner as with Mortgagor w~thout in any way vit;ating w d~xha~ging tF~e Nlwtgagors' liabilily he~r a
under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearante on the pan of the IAORTGAGEE or its successors E
or assigns and no eztension ot ehe time for the payment of the debt hereby secured given by the MOR7GAGEE or its sueceasws or auigns, ahell operate ~
to release, d~scharge, modify change or atfect the orig~nal liabitity of thr MORTGAGOR he~ein, either in whole w in part. {
~
10. It is specifically agreed that time is of the esser.ce of this contract and that no waivtr of any obligat~on hereunder or o4 the obligstion sr : 5
tured hereby shall at ary time thereafter be held to be s wa~ver of the terms hereof or of the instrumeM secured herby. ~
11. In add~tion to the forego ng moneh!y payments of princ"pal and interest requ~red by the promissory no!e secured hereby, Q~dr)~c
os ~lWe4anf't,,
aod agrees to pay to mortgagee v~ith each mo~thly payrnant an add~rional s~m esrmared by mortgagee to be equal to 1; 12 of the annya~~a3t of thl+EqlTb~y,, '
, . ;~Teo
A-AII real prope~ty taars Ievled or assessed against the above desai5ed real estate. .
8-Prrmiums on f~re artd windsrorm insuracce as here~n requ~red to be carried cn the improveme~ts situate on the above dssaibi~ emi~~ = ~
c~ la ~ _
' C-Premiums on sucn mortgage guaramy insurance as mortgagee shatl from time to time deem fit to carry on the loan secu~ h~r by~~ p`~. : ,
I Mortgagee shall from time to r~me notify mortgager in writ~~g of the amou~t d~e and payable hereunde? and such sum sharli ~~in !~e ~a~t1 ~ ~
payable on the due dare of the next month:y payment and each successive month thereafter urti! mortgagee shall notify mortgagOt~{ e. ~ha~ng~ ~
amount. Such sums shail be applied by mortgagee toward thz payment of reat property taaes, ins~rance p~em.ums, and mwtgagl; aMy.•i~Suriri;e ~
, " y' ~~i 8
premiums. ~ '
IN WITNE55 WHERE he sa MORTGAGOR has hereunto set his Frand a~d sea) th and ear first aforesaid. ~
d de{iv in t esence of: b POWBj'1'~$~RU N C~I~ANY ~
F11f0 ~MQ RECORDED ~ B: Seaq ~
S1.LUCIE COUNTT F~~• p P 61 P]C@ ~d t~~aq '
OCEA ?OITRAS ;
• IERx C~~C~17 COURT f
aEC~apvEaq!~ ett bedge, Secr a~~~
~ reaaurer
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z~~sss .
STATE OF FLORIDA COUNTY OF ST. LUCIE
Apr i 1 ; A. . 19 74 ,
I HEREBY CERTIFY, That on this ~ 1~"~ day of--- ~
before me personally appeared Ja~s A• pO~ell and Betty J. Ctib~dg!
~ ~'~~;i:'~._., ~
respeciively - President and Secretary _ ' ~---_~~of
Fais b P~oNell Construction Co~pany Rlorida •~.••',•'~;;1:~',,,
a- - - - .CotpOf~i~on, •to ~me
: ^~-1~r; , . u?s
known to be the persons described in and vrho executed the foregoing instrumentiand severalfy_=acknoWledged t~ie ~xe-=
• y:,~'• , ::.i • ~ =
cution thereof to be their free act and deed as such officers for the uses and pursoses therein m~nJione2!• and th~' tJ~ey~
~.:•~~y~0'
affixed thereto the official seal of said corporation, and the said instrum~nt is the act and deed~R~{'6aTd,,co~pqr~r~
. -
WITNESS my hand and official seal at Fort Pierce _ , said county and state. `;''~~1~%
2his Instrunent prepared by J. H. Roberts Jr. •
First Fedezal Savings b I.oan Association
of Rt. Pierce, Rlozida Notary Public, in and for Stat nd County aforesaid. ~
My Commission Expires: ( 6 u ~1 6 ~
Checked By • ~
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F
BoaK226 P~~E12~i3 ~ ~
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