HomeMy WebLinkAbout1578 3. To place and tontinoo~sly keep o~ tne Lu~'d.,.gs nan or herrafte~ ~++wte on sa~d ~and and a~ a".~ eq.,~y~~~rnt acd persona~~y co~+rred b~ th~s m.o~~g-
egs, with all prem~uma thrrcon Nad m f~H, I~re ~.~~~rencr .n thr usua: s:..:~af~ ~w'~ty lorm, in a wrn a{.p~o.ed b~ ~ha 1.1JR~i,:~GEE, a~:d w~:~ds~w~.~
fnsunnce in the usval standard pol:cy fam, in a wm approvrd by ~he A~ORiGAGEE, in such canpany o~ co~n~,en•es as ihe tdORTC,AGEE may
diretl; •nd all iire and w~ndatorm insurante poi~c~rs on any oi sa~d bu+~d ngs, any interest thtrein or parl thcreof, in the aggrugate w~n afo*tsa~d or
in excess Ihereoi, s~atl coroain ~he un~al sta^dard mortgagee uause or s~ch o~her c~a~se as the Matgayee may requ.re, mak~ng me ~ou u~dr~ a+.d po~~
cie~, ca<h and eve~y, paiab~e to sad A~ORiGAGEE as ~u ~n~erest may a;:pear, and each and every such pot~cy s1~all ix pro~T.p~~y ass y~~rd a~~d de,~+~~~d ~o
eny held by se~d MORiGAGEE as funAer secu~~ty fo sj~d mo:f9age dabt, a~~d, not less thsn ter. (10) days in adyance of ~he eap~~anon of each po:~cy. ~o dr
liver to said MORTGAGEE a renewal thereoi, toge~he~ wi~h a roce~pt for ~hr pre~wm of such renetial; and thnre shatl be ~w i~re or .v.~~dstorm ~nsura~ce
placed on any of said buitdingt, any interest there~o o~ pa~l ~hereof, uniess in the form and w~fh the loss payable as afor~sa~d; a~d in the e:e~~t any s~m
of money becomes payable undrr suth polity o~ po~~cies sa~d YORTGAGEE sh~ll have the opt:on ~o rece~ve onJ apyly the sa~•~e w+ accou~.t of the ind_btrd-
ness secu~ed hereby w ~o pe~m~t sa]d MORTGAGORS ro receive and use it a any part ~hr.eof for o:n. r~,~~t os~s, v.~~i~,,..t ih,~• 7 'P~'"
ing any equ~ty, lien w nght undrr a by ~«tue o4 this ma~gage; and in the even~ sa.d MORTGAGORS sha!1 for any reason fa~l to keep the sa~d ptem~s:s so
insured, or (ail ro delive~ prompNy any of sa~d po~~cies of insurance to sa~d MORTGAGEE, or fa~1 ptomptty ro Fay fu:ly any prr ~~+~~~T therefor o~ a~y
respect fail ro pertwm, d~scharge, execu~e, etfect, complete, comply wirh and abide by th~s covenant, er any part ha~eof, said MGRTGAGEE may p~ace a•~o
pay fw auch insurance or a~y part thereof wiiho~l waiving or if(eding any option, lien, equ~ty, or nght under or b~ vune of this Mortgage, and thc
fc!I amount of eath and e~ery such payment shall be imrnediately due and payable and shall bear interest irom the date ihe~eof u~~~d pa~d at the ra~e of
n~ne per centum pe~ annwn and to~ether w~th such i~te~est shaii be secwed by the lien of thia mortgege.
4. To permit, commit or sutfer no waste, impairr.ient or detr~io~as~o~ o~ sa~d pfoperry or any part the~eof.
5. To pay sll and singular thr costs, charges and ex~enses, ~ncluding a reasonab!e attor~ev's fee ar.d coers of abstracts of ~~rle, incurred or pa~d at
any time by sa~d MORTGAGfE, because or in the evem of the fa.lure on ~he pari of thr said MORTGAGOR to duly, pranpUy a~d fuHy perform, d~scharge.
execute, elfett, corop:e~e, comply w~th and ab.de by eoch and every the s~~pulrnons, agreements, co~d~t~ons, and cove~+ants of sa:d prwn~ssory ~ote and ih~s
mortgage any or e~+her, and sa:d cosn, charges and e:prnses, each and every, shall be immed~ately due and peyab!e; •,nhrther or not there be not~ce da
m~nd, attempt to co11ec1 or suit pend;~+g; and the full amcuM of each a~d every such payment shali bea. ~nterest hom the dare thereot untiV paid at the
r.,!e os n~nr per centum par an~~urn; ~nd aVI said costs, charges and e~;~~~ses ~ncu~red o~ paid, tuyett~er wah such ~ntecest, shall be secured by the lian of th~s
mortgage.
6. That (a) in the event of any brrach o( this Mort9age or default cn the pa:t of the MQStiGAGOR, or ;b) i~ the event any of sa:d sums of money
herein roferred to be not promptly and fu!ly pald with~n tfi~rty (3~? days next atter the same severa:ty becor+ze due and payabte, witl~ut demand w na~ce,
or (c) in the event each and every Ihe stipulations, agreements, cond:tions and covenants of sa,d promiasory note and th,s nwrtgage any o~ either are not
iuly, praTptly and lully perfonned, d.scha~gd, eaec~tzd, effec~ed, comp{eted, compl.ed w~~h and ab~ded `ay, then in e.ther or any s~:h event the sa~d ag
gregate sum mentwned in said promtssory note thrn remaining un~aid, w;th inferest accrued, and a~t moneys secured hereby, shatl brcome d~e and pay-
ab e forthwith, or thereafte~, at the opt:o~ of sa~d A10RTGAGEE, as fully and complerely as il afl of thr sa:d wrns of money were or.glna~Iy st:putared
to be pa~d on such d~y, anything in sa.d prorr:;ssory note or in this Mwtgage ~o the conira~y notxi~hstand:ng; and thereupon w trtereafter at the opnon of
u,d MORTGAGEE, withovt nonce or drmand, su~t at law w in equity, therefore or tAerealrer begun, may be p~osec~ted as if all moneys secured hereby
n,d matured pnor to ~U inititution.
7. That in the event that at the beg~nn:ng of or at a~y timc pending any su~t upon this Mortgage, o? to fweclose it, or to reform it, or to enforce
payme~t of any ciaims he•eunder, sa~d I..ORTGAGEE shail appty to the Co~rt h.~ving jurnd.c~~on shereof ior the appo+ntment of a Receiver, s~cF~ Covrt sha:l
fo:thw~th appoiM a receiver of said mortgaged property afl and singular, inct~d.ng all and singutar tne income, prof~ts, issues and revenues from whate~er
source derived, each and every of whlch, lt iKmg express~y understood, is F.ereby mortgaged as if speuf~caily set forth and desu~bed in the g~ant~ng ar.d
habendum dauses hereof. ard such ReceivEr shaU have aI! the broad and etfective funci:ons and powers i~ anywise entrusted by a Cou~t to a Recri.er, and
s..:h appointment shall be made by wch Coun as an ad~~irted equity and a r.~atter of absolure ?~g~~ to sald MORiGAGEE, and w~thcu~ reference ro the
adeq~acy w inadequacy of the value of the property mo.~gaged or ro th~ sc,vrncy or ~nso:vency of sa~d MOR;GAGOR or the de'endan:s, a~d ~hat such
re~~+s, proiits, income, issves and revenues shail be appi~ed by such Receiver accord~ng to the t~en or equity of sa~d MORTGAGEE and the pract~!e of such
Court.
8. To duly, p~omprly and fuily perform, d~scharge, execute, effect, comp:ete, compiy w~th and abide by each and every the st~pu~atie~s, agree~nents,
conditions and covenanu ~n sa~d prornissory no:e ar.d rh~s mongage set forth.
9. THat in the event the ownersn~p of the mortqaged prem~ses, o. any part thereof, becomcs ~ested in a perwn other than !he MORTGAC,OR, the
:'~R7GAGEE, its successors ar.d ass~gns, may, w<<hout nov~ce to the ASORTG~OR, deal vvhti such s~ccessor w wccessor ~n interes~ vr+Th rete~ence to thls
o~igage ar•d the debt hereby secured in the same mar.ner as v~~~h Ltortgag~~ w~thout in any way vit.ating or dacharging fhe 1.lortg,gors' liab~i~ty he~r
der or upon the debt hereby sec~r_d. No sa:e of ~he ~re~r.lses hereby mo~tgaged ard ~o forbearance on the part oi the MORiGAGfE or its svccessors
or assi9ns and no extension of the time foi the payme~t of the debt hereby secured giren by the lVIORTGAGEE or As s~ccessors or ass 9ns, ai.ali operate
ro re!ease, d~scharge, mod~fy cha^ge or atfec~ the ong~nal lia~a:ty of the h;ORiGAGOR he~e~n, e~ther in whole or in part.
10. It is speui~caffy a9~eed that fime is of the esser.ce of fhis convact and that no waiver of any obGgat:on hereunder or of the oblyation sr -
c~red bereby shal~ at any time thereafter be he:d to be a vra~rer of the terms hereof or of the instrumem secured hefby.
i 11. In add rion to the ioregc ~~9 T.o^th'y paym_nts of pr, pal and ~nr,res+ requ~red by tfie prom'ssory no~e s_cured hereb~, moitga~or covenants
j ~^d agrees to pay to mo:tgagee v~~Th each mor.•h y pay~.~e~et an adci~~~onal su~n ess:~ a:ed by murigagee to be eq~ai to 1 12 of tne a~^ual cost of the 4oliow-
{ n~:
~ A-A? reat property taxes ~ev~ed o~ assesscd og3i^st vr~~ aco+e dc-sc•~~cd r,ai es!ate.
~ B-Prem~u~ns on I~re and w~ndsrorm ~ns::rarce as here~n r~,~:red to be carr,ed o~ the lmproveme~ts s:tuate on th~ above d~scribed premises.
` C-Pre~riums oo svch mortg~ge g.+~*a.^.ty +~svra~.ce as ~rortg3gee sha`:I fre~^ t me rc time deem fit to carry on the loan sec~red hereby.
S !dortgagee s~+a~~ !rom t~me to t~me nor~f; mortyayo• :n wri!~r.3 of the a-ou~t d~e and payable hereu~der and such s~rn shail thereupon be due and
~ :~,able on the due oare ci t~~z nrxt e~ontF.:/ pa;~rert and ejch success~ve To^th thereafrr vctii mortgagee shali nor.fy mortga9or oi a change ~n s~ch
t
; ,ont. $uch sums 5!~a:? be app'ied by mor!yaq~_? to,•.ard the ~ayment of real property taxes, insura;xe prem.~ms, and mortgege gva~anty ~nsurer.:e
~ .•_miums.
~ tN YJITNESS :'~NEREOF, sa~d RTGAGOR has hereu~to set his h~r.d and sea! the day and year first afore id.
~ a deliv 'n th nce of: ~ ~
n 5 ~
/ ,L' ~aq
~ is D. Tz e er
i5ea1)
~ ~ Seal)
~ - r " eneviev . ze lner ~~s,~
~ - .
~ S~ATE OF FLORIDA
~ ~
~ ~OU'JTY OF SL . L11C 1Q ~ ~
~ Regis D. ?refelner a„~
~ Before me perso~ially appeared
~ Ger~evieve 5. Trefelner his wi(e, to me well known and known to me to be
~ t'r~e indiv~d~als described ~n and who executed the foregoi:ig instrument, and acknowled9ed before me that they executed the same for the purposes
'n rherein expressed. And the sa~d G@fi@V16Ve 5. Trefelner
s~'-ya' Req15 ?ZP.f@~I1@Z , upon a separate and pr7vate
~ ,:ife of the said ~
~ =.am~nat~on by me taken separate and apart from her said husband, acknowfedged to and before me that she executed said instru~nent free:y and volun-
~ ~anly and wirhout arry ccmpufsion, consTraint, apprehens:on, or fear of w frxn her said h~sband. e,~Y 11 74
'>y WITNESS my band ard offic~al seal thiz _ ~ day of ~~r J A. D. 19
~ M ~
~ Notary Public in and the State of Florida ef Lerge
My Comrrission expir . ( ~ _ 3 O-'~ j.
~r Retum To: _ '
First Federal Savings d~ loan Associat~on ' - ;''~.~i
Of iort P,~:ce , . . • ' ~i
NLfO AND RECORDEO . • .
eo•~ P~~~~ce, F~c.~d3 fT.IUCiE vOl{NTY fLA. l~'t • _
- IiCCEF ?OITRAS y _ - : J'?
CIERK C1k.r,UIT COURT ~ , - I ; ~ _
r~cnRC vER~F~Ep ' ~ - -
This Instrument Prepared By J. H. Poberts JZ. ~ 5G pV ' ~ ' ~
First Federal Savings 8 loan Association ~ ~ li .
of Fort Pierce , Flor ida ' • - ,
f.
_ ~
Checked By ti '~~ti~~ . '
~M~~ aoe~ 226 ~acE ~5 ~ l ~
~ - dZ -
- - ~