HomeMy WebLinkAbout1382 3. To ptate and cont~n~o~sly keep on !he bu~ d~r~ys now or herraEter s~tvate on sa~d land and on al! cqu~p~~~en1 and p~~so~+ally covered by ~hls morlg-
, ags, wit~ ~II premi~mS thereao pa.d ~n full, Lre inwrance in ~he ~ivo! s+arrJard po'~q fo~m, in a sum app~oved by ~he MORiG:.GEE, a~~d w~~di~o~m
imw~.us in the usual ~tanda~d po:.cy fo~m, in a sum aFpro.td by ~he MORTGAGEE, in wch tomW^Y o~ tompa~+~s as tM MORTGAGEE may
u:~act; end all fi~e and w.n;istorm insurance po;k~e• on any oi •a~d bu~id~ngs. any inrercst therein o~ part thereof, in tM ~qgrrya~e avm afaesa~d w
i~+ •:cess ~heraof, slull cuntain ihe uaual s~a~~Jard mor~gegee c~avse w such other dause a~ the Mo.tqagce may rcqu.~e, ~~~~p +oss u~uir~ sa~d polr
~'+f, each ~nd every, payable ~o sa~d 410RTvAGEE as ~u intarest may appear, and each and eve~y ~uch poi~cy shall ba promprly ass q~cd and dNivard ~o
any held by ss~d MORiGAGEE as furiher secunty to w+d n:o+~gage debt, s~d, not less than te~ (10) days advance of the eapirat~on of each po~~ty. to e4- a
liver to uid MORTGAGEE a rcnewa! ~hereof, ~oge~hcr w~ih a rrce~pt iw ihe prem~um of such reeewai; and ~here shall be no f.re a w~~ds~o~m i~suru.ce
placed on ~ny o1 s~~d bvildinga, a~y interest the+ei~ p part thereol, untea~ ~n iht form ~nd w~~h tM loss pavabls as aforesa~d: a~d in ~he e~ent any s~rn ~n
of money beco.ne~ payable vnde~ such poi~cy w po~+c:es said MORTGAGEE shall Mve ~he opt~on to rece~ve and appiy ~he sanx o~ +ua+nt of the indeD~~d~ i
neat secured he~eby w ro permit aa~d MORiGAGORS fo receive and use it w any part thereof io~ orner purµoses, w~~hout th_•.o/ war+rg o~ ~~~+~o~^ ~ z
ing any equiry, ticn w right under w by v~~tue o4 this mor'gage; a~d in 1he evrnt se:d MORTGAGORS fha~~ fw any reason fai) to keep ~he taid p~e~*+~ses so - ~
insurcd, or fail to deliver prompfly any of aaid pofiues of insurance to se~d MORTGAGEE, o~ iait promptly to paY futly sny pra»~um therefor w in any
respect fail b pert«m, discha~ge, earcuta, effec~, con+p!ere, camply with and ab~de by this covenant, or vny part hereo(, s+~d MORiGAGEE may place a~~d
pay iw such inwrance or any part the~eof w~thou~ waiv~ng or sffecti~g any opt~on, lien, equ~ty, or right unde~ o~ by v~rtue of ~h~a Mw~gage. and tAe ,
fvll amount of each aod every such paymrnt shall be immed7ately dve and payable and shall bea inferest from the date the~eof until paid +t the ra~e o1
nine per canrum per ar.num at~d to3ethc~ with su:h infe~.-st sha11 be sacu.ec! by ~he Ircn of th~i ma~gage•
4. To permit, cornmit w auffe? no waste, impa~rment w deterioration of said property or +~Y pa~1 thereof.
S. To pay all and s~ngular the cosn, charges and eapensea, indud~ng a reaso~abk anorney's fee and costs of abs~rects of tnte, incuned o~ pa~d at
eny time by said MORTGAGEE, because or in the event of the failure on the part of the :aid MORTGAGOR to duly, prompNY and fulty pe~form, d~xharge.
execute, etfed, comptere, comply w~+h and ab:de by each and every the s+~pu~a+~ons, agreementa, cond~tions. u+d cave~enn of sa~d p~amissory no e and ~hu
mo:tgage any o~ ei~her, and sa:d cosri, charges and expenses, cach and every, shall be immed+ately dve and p~yabte; whether w oot there be~nohce do-
mand, attempt ro coYect or su:t pend~~g; ar~d the full amount of each and e~ery such paymcm ahall bea~ ~nterest Irom the date ~tiereol wu~~ P+~d ~he
rate o~ nine per cant~:n pcr an~~u:T; and all said cosfs, cF.arges and eape~ses incurred or pa~d, together w~th such inferest, shall be secu~ed by the fien of th~s
mortysge.
6. That (s) in the event of any breach of this Mortgage o~ defau~t on the part of ~he MORTGAGOR, w(b) ~n the event any o( se~d sv.na of maney
herein re4erred to be not promptty and fully paid wi+hin th~rty {30) days nea~ affer the samt ureratly become due and payabte, witFa~t demand o? no~~ce.
w(c) i~ rhe evenr each and every the sripuiafwns, agreemenrs, tonditior:s and covenann of u.d prom~ssory oote and th~i mwtyage any o~ e~ther are ~+01
iuly, promptiy and fv~:y performad, d~scharged, execvted, eifected, compteted, compl~ed w~th and ab~ded 5y, theo in e~~her a any such event the ta~d ag
gregate sum meroioned in said p.omisaory note ~hen remaining unpaid, with i~teres~ acuued, and atl moneya xcured hereby, shall bscome due and pay-
able fcrthwith, or thereafter, at the opt~on ot said MORTGAGEE, as fully and comple~ely as if all of the said sums oi money we~e o~~g~~a~~Y st~pu~ated
to be pa~d on auch d:.y, anyth;ng in sa:d prom~saory note o~ in this Martgage ro the cantra~y notwithstanding; and thereupon or thereafte~ at the opi~on of
sa;d NtORTGAGEE, w~thou~ neT~ce or demand, suit at iaw w i~ eyu~ty, therefore w thereafter begun, may be prosecuted as if all moneys setured hereby
had maturcd pr=or to its inslitution.
7. 7hat in the event that at the beginn~~g of or at any t~me pend~n9 any wit upon this Mo~tgage, w to forecbse it, w to reform it, or to enforce
payment of a~y cfa~ms hrreunder, said RM1ORTGAGEE shall apply to the Cour~ having ~urisd~ction ihereof for the appointmeot of a Receiver, such Court shafl
Forthwith a~po~rtt a rece~~er of said mortgaged property atl and singu~ar, inc~ud:++g alI and s~ngular the irtcome, profits, iuues a~d revenves from whate+er
wurce drrived, each and every of wh;ch, it beirg expreuly unders~ood, ~s F.ereoy mor~gagtd as 3f speci(icaiiy set futh and descr~bed ~n the g~anting aad
habendum dauses hereof, and s~ch Receiver shall have aIt the broad and effettive fv~ct•ons and powers in anyw+se entrusted by + Court to a Receiver, a~d
such appo~ntnee+» shall be made by wch Court as an ad,nnted eq~;ty and a ma~ter of absolv~e ngfi~ ro sa'rJ MORTGAGEE, and without re(erence to ihe
adeq~acy er i~adeQ~acy of the value of ~he property morfgaged or to the sonency or insolvency of said MORiGAGOR w the defendanrs, and ~hat such
rents, proiits, irxome, issues and revenues shall be appi~ed by such Receive~ accwd~ng ~o the lien w equity of said MORTGAGEE a~d the practice of auch
Court.
8. To du!y, promptiy and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agrcements,
conditiom a~d covenants in smd prom~ssory note and ?h;s m~~tgage set iorth_
' 9. That in the event the ownership of the mortgaged prem~ses, w any part thereof, cecortxs vested in a person other than the MORTGAGOR, the
h10RTGAGEf, its successws and assigns, may, without no~ice to the MORiGAQR, deal wnh such wccessor or successar in interest with reference to this
mortgage and the deb~ hereby secured in the same manner as w~th htortgagor w~TF+o~t in a~y way vitiating or d~uharg~ng the Mwtgagors' liability herr
un~e~ ~x upon thc debt hereby secured. No sa(e of the premises hereby mo~?gaged ar.d no fo.bearance on the part of the MORTGAGEE or its successors
or asaigns and ~+o extens~on of the time ior The payment of the debt h~+eby secured g~~en by the MORTGAGEE w its successors or au~gns, atiail operate
ro reiease, d~scha~ge, mod~fy change w aflect the orig~nal liao~lity of the MORTGAGOR herein, either in whole or in part.
10. It is spev`•icalfy agreed ~hat time is of tfie essence of this contrad and that no waiver of aoy ob?igat3on herevnder w of the oblgation sr
tured hereby aha!i at any time thereafter be hetd to be a wai~er of the terms hereof w of the instrument secured herby_
11. Irt add.rEo~ to tFe forego ng rnonrhly payrnsn~s of pri^c pa! and interes~ requ~red by the prom~ssory no'e secured here~~, mo~tgagor covenants
and agrees to ;.ay to n:o-~gagee v.~th each manth!y pa~r.,ent an add::ionai sum es*.~Tated by mortgagee to be equal to 1; 12 of the annua) cost of ttx follow-
ing:
A-A{I r~a! property faxes le•J~ed or assessed ay3;•ist th~ aLove descri~ed real esrate_
B--P~a~:~.,:ns on f~re and w~ndstorm ~nsurar.ce as herein requ.red to be carr~ed en the improvements s~tuate on the a5ov~ dsscribed premises.
C-Prem~ums on suth ^.^.:!yi~c gua+anty tr.5~!drC2 as mortgagee xhall frcT t me ro t~me deem fit to carry on the loan sec~red hereby.
Mortgaqee sha~l from t~me to time not~fy mortgagor ~n writ~ng of the amaunt dve and payable hernrnder and such sum shall thereupon be due and
payabte on fhr due oar~ oi ~he next month:y paymrn~ and each successive monrh tne:eafrer urei; mortgagee shall not~fy mortga~or of a change in such
amount. Such sums sFa i De apF:?~ed by mortgagee tovva~d ihe payment of real property taxes, insurance p?em:ums, and mortgag? guaranty insurance
premiums.
IN Y/ITNESS 't,'HEREOf. the sa~d h'~ORTGAGOR has hereunto set h~s har,d and seal tfie day a~d year first aforesaid.
Signed, Sealed and delivered in the presence of: ~
n
+n
(Sea4
(Seaq
STATE OF fIORIDA 1
St . Lucie ;
COUNTY OF
Befwe me personallY appeared Gerald T. Ft1CJ11Sr1 and
Pa t r i c i a A. ~n g 1 i s h his w~fe, to me wel! known and known to me to be
the individuals desv~bed in and who executed the foregoing instrument, and acknowtedged befwe me that they executed the sarrK fo~ the purposes
the+e;n expressed. And the said patricia A English
wHe oi the sa~d ('.e r~tld T EI191 i Sh - upon a separate snd priwte
exam~natio~ by me taken sepa•ate and apart from her said husband, stkrw~«~edged to and befwe me that aF~e exetuted said instrument freely and volurr
tar;iy and w~~hout any comp~ision, constra~nr, app:eheRS~on, or fear of or from her said husband. .
WITNESS my hand and off~ual seal this 18th day of A ril a p. 1974
- Notary Public in and for the 5 e of~lorids ~f large ~ t,..
My Commissio~ expires: ' . ' -
. _
Retum To: v ~ ~
first Federal Savings b loan Assaiat~on ~.~,i~'f F~~"::C. SiIITE nf ~RI~$3t i~AGE _
Of ~ort P e~ce. C;,:.i;1E~J1.iN E:cPi~ES ZA~r 7."2977, ~
Fort P.ere~, F~cr~c!a ~~iltiC1~ ~ij ~1t1w311 Bi4kdfi ~(t~lt» Cr0?
. - , _ ~ i ! ~ = _
flLEd AltO R£CpA~E~ ~ ~...r c~:~
This Instrument Prepared By Richard I~. Kayes sT, ~E~
y~~Tl~lASt ~l
First Federal Savings 8 Loan Association ~L~*~ ~~~u1~ CO~M ~
of Fort Pierce ~ Flo~ ~~la pFCOPa VEAsFtEO
Checked By - ~ 01 ,
~ ~ `'~Q~'fi
$0~~2~ ~~~381 - -
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