HomeMy WebLinkAbout2149 3. To p,ace and continuu~~sl~ krep on the bu~ d~ngs now or t~rreaiter ~ewfe on s~~d ~and and on al: eq~~p~•~ent anJ yr~sonel!y co.e~ed by th~s R~orig-
e9e, w~th slt prrm~ums thc~eon Na.J in 1ult, I~re insvra.^.cn ~n ~he uwa{ s~e~~~~~d {w!~cY fo~rmsuch aco ~ nanF~'or ` cuby en esf•t s~; t a`' t10~ivAGEE 11may
mw~ance in the wuai srandard po!.cy io~~~~. a wm aFp~OYCd by ~hr MORTGAGEE, P v
d~reU; and all (ire and wmds~orm ins~~ance poi~c~es on any of sa~d bu~id~ngs, any inte~zst IhC~em or p~~t lhrret,S, in Ihe agy~<~yo~e iu~n aforesald or
in eatess Ihereof, ~hatl co~tain the usu31 s~a~~da~d mo~tgagee clause or such othe~ t~ause as the Mortgayee ~»ey rey~:re, maA~rg ?hr ~ca u~~Ja~ sa~J poli-
c~es, each and every, paya6le ?o said AIJRTGAGEE a~ ~ts intcr~st may ap~:ar, and each and every such po.~cy sha~l be promy,~ly aa: g~~.d ~~~d dr~~•~red ~o ~
eny held by sa~d MORiGAGEE as i~~thcr seturi~y ro se~d r*:ortyage drbt, and, not les+ than ten (101 days ~n ad~ance of the rx~.~ret,on ol ce:h Hoi~cy, to de- ~
Gver to said MORiGAGEE a renewal the~co(, toyether wifh a rece~pt for ~he prum~um of wih ren~waf; a~~d ~hrre stwll be ~w f~re o~ w~~~ds~o~m ~~,s~rance ,
pljced on any ol said buildings, any interesl therein or part thereof, unlcss in the (o~m and with the lou paycble as a(cresa~d; and in the rvent any sum
01 money becomes payable under auch policy or po~~u~s said MORiGAGEE sh.+tl have the opt~on to recc~+e and ep~,ly the ae~ne on acco~nt o( d~e ~~~d~bted-
ness secwed hereby w?o pernu~ sa~d MORTGAGORS to rrce:ve and use it w eny part thrreof tor ori~.:r Nu~F•ose~s. .:,~~~~~.t in.•'~ .1
~ng any equ~ty, Gen w r~yM under or by v~rtue of this mo:'gage; and in the evem sa:d MORTGAGORS shafl for any re~son fail to kecp the sa~d p~rm~i•s so
inwred, or fail to deliver promptly any of said pol~ties of insurance to aaid MORTGAGEE, or iai! prumpily to pay f~:ly any ~,ra~»~,~n ther~~fo~ or in a~y
reipect fail to per(orm, d~scharge, eaecute, effect, canple~e, co~npty with and ab~de by this covenant, or any pert hrreof, sai~ MURiGAGEE may p~ace a•~o ~ ~
p~y for such inswance or any part ~hareof wnhovt waivir.g or aiiecting any opt~on. lien, equ~ty, or riyM unde~ o~ by v~~we of ~h~s Mertg39e, and the .
tull a~nount o( each and every such payme~t shall be ~mmediately due a~d payable and shall bear inierest from ~Fw• dare ihercof unt~l pa~d ai ti~e ra~e o~
~,~ne per cenrum per annum and togr~her v~,~th svch in~e+rst shaU be s~~cured 6y the lien of this mor~gage.
4. 7o permit, commit or suf(er no waste, impairn~ent or dete~ioration of said property or any part the~cof.
5. To pay all and singula~ the costs, charges and expenses, including a reasonable attorney"s fee and costs of abstracts of tit!e, incurred or pa~d a~
,ny time by said MOR?GAG:E, because or in the event of the fa~lure on ~he part of ~he said MORTGAGOR to duly, pro~>>puy and f~!!y prrform, d~scharge
exec~te, e}feU, cornplete, comply w~th and ab de by each and every the stipulanons, agree~nents, cond~~ions, and covena~~n of sa~d pro~r~~;sory note a~~d th~s
.i;orrgage any or e~~her, and sa:d costa, charges and eapenses, each and every, shall be immed~ately due and payab:e; wherher o~ nm th~re be no~~ce d-
mand, attempt to co~IeU or suit pe~d~ng; and the fuil amount of each and every svch paymen~ shall bea. interea~ from ~he date thereol unril pa~d at the
~.,te oi nine per cent~m F.~•r an~w:~~; anc' ail sa~d ccs~s, c6arges and e~.prr•ses incvcred w pa~d, togzther w~th suth inteeest, shall be securad by the Grn of th~i
~nortgage.
6. That {a) in the event of any braach of th~s Mortgage or default on the pa~t of the MORIGAGOR, or ;b) in the ovent eny of sa:d svms of mo~ey
herein referred to be not promptly and fully paid wittun th~rty ~30) days next a'ter the same se~era!ly become d~e and payable, wi~hout de~nand or nonce,
cr (cj in thr event each and every the stipu~ano~s, a9~eements, cond~sions and coveaan~s of sa.d prom~ssory noce and th~s mortgage any or e:~her are no~
iu:y, pro+nptly and fvHy perforrned, dlscharged, exec~t~~d, effeaed, car.pteted, compi~ed w~~h and ab:drd 5y, ~hen in e~~her or any such event the sa,d ag-
~regate sum mentioned in said promissory note then reniaining unpaid, wrth interrst acu~ed, and alI moneys sewrEd hereby, shail becom2 due and pay-
a~.e forthwith, or thrreafter, at the option of said MOAiGAGEE, as f~ily and completely as ii all of the s~~d wms of money vvere or~g~na!ly s~~pu;atrd
rc be pa~d on such day, any~hing in sa.d pro~n~ssory note or in thia Mortgage to the conrrary not~ithstand~ny; and ~hereupon or thereefter ai ~he opt~on of
sa:d MORTGAGEE, witheut nohce or demand, suit at law or ~n equny, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby
n,d mawred prio~ ?o ~~s ine~~t~hon.
7. That in the event ~hat at the beginning of or at any ti~ne pending any su~t upon this Mortgag_, or to foreclose it, or to refo.m it, or to enfo~ce
;:ayment of any claims he~eunder, said MORTGAG:E shali apply to the Court havi~~,g ~unsd~ct~on thereot for the appo~mment of a Rece~ver, such Cwrt shail
fc.:thwith appoint a receiver of said mortgaged property al! and singular, incl~d~ng atl and sing~iar the ~ncome, p~ofds, ~as~es and reven~es from whatever
se~rce derived, each ar,d every of wh~ch, it be~ng express~y underaiood, is F:ereby mortgaged as if speoiically set ior~h and described in the g~anr,n~ and
h.+bendum cla~ses hereof, and such Receiver shalf have all the broad and effective furct,ons and po.vers in anyw~se entrvsted by a Court to a Receiver, dricJ
s_ch appoin:ment shall be made by such Couri as an adm;tted equity ar.d a matter of absol~re nght ro said MORiGAGEE, a~d v.~+hcut reference to tha
~~i~a~ocy o. inadeq~acy of the value of the property mo~tga~ed or to the so,vency or ~nsoivency of sa~d h10R~GAGOR or ~he drtendants, and +h31 s~ch
~•~+s, profits, income, iss~es and revenues shail be appl~cd by suth Rece~~e~ accorduig to the tien or equdy of said MORTGAGEE and ti:e praU~ce oi such
CourL
8. To du!y, promptly and fuDy per(orm, d~scharge, execvte, effect, comp{ete, comply w~th and abide by each and every the stipuiations, agreements,
=onditions and covcnants in sa~d promissory note and th~s mortgage set fo~th.
9. That in the event thr ov~nersh~p of the rn~rtgaged prem~ses. or any part thereof, becomes vested in a person other than the MORTGAGOR, the
~RTG4GEE, ita wccesscrs and assigns, may, witho~t notice to the MORTGAOR, deal w~th wch successor or successor i~ interest ~vith rrference to this
Torrgage and the debt hereby secured in the same mar.ner as w~fh f.lortgago~ wlthout in any way v"niati~g or d~scharg~ng the tdortgagors' I~ability here-
under or upon the debt hereby secured. No sa~e of the Fremises hereby mo~lgaged and no forbeara~te on thr part o+ the 1AORTGAGEE w its wcczsso~s
er ass~gns and no exte~s~on of rhe ~~me for fhe paymens of the debr hereby secured g~ven by the MORSGAGEE or ~ts successws w ass~9~s, ~~~alf operore
!o reiease, d~uharge, mod~fy change or affect the onginal liab~~ity of the AhORTGAGOR herein, either in whole or in part_
10. It is speufically ag~eed that ti~ne is of the esse~ce of this contract and that no waive? of any obl~gat~on hereunder or of the ob!igation se-
c~red hereby shail at any tirt~e thereafter be he:d to be a waiver of the terms hereof or of the instrument secured he~by.
11. In add~tion to ihe forege'ng ~»onthly paymen+s of princ pal and interest requwed by ihe prom~ssory no!e sec!~red hereby, mortgagor CovenaNs
d agrees to pay to mo-tgayee ~4~th each month~y Nay~nero an a~d~iional sum est~^:ated by mortgagee to be eqvai to 1, 12 of thC annual cost of the foliow-
i A-Alt r~al property taxes !e•ne~ or assest~d ay_3i•~st fhe a6ore described real estate_
B-Prcm~ums on f;re and vr~ndstonn ~nsurarce as he~e~n req~:red to be carrird on the Emprovements s:tuate on thc above descr~bed prem~ses.
i -
s C-Premi~m•s on suth mortg;ge guaranty ir.w~a~.ce as mortyag~e shafl frcm t me to tunc deern fit to tarry on the loan set~red here~~_
t Mortgagee sha'I 4rcm time ~o time not~fy mortgagor in writ~ng of the amount due ar.d payable hereund~r and such surn sh~it thereupon be due and
a ~5fe on rha ~'.,e dare of ~h~ rer.t month:; payment and each s~ccessive month thereafter uniit mortgag~e shatl not:fy morrgagor cf a change in such
~ cvM. $uch wms s6aif be app:~ed by mo+tgag~e to,•.ard tne payment of rea! property taxes, ~~su~a:ue prem.~ms, and mortgage guaranty insurance
~ :.~rmiums.
IN \'11TNESS '.':HEREOF, the said MORiGAGOR has hereunto set his har,d and seal the day and year first aEwesa~d.
~ S;gned, Sealed and deiivered in the presence of: ~
~ - t - --r-' (Sea!)
~ _ .ul..!-Jy,•-~,y _~L~.- (Seal)
_ - ~ t t ~ ~ (Seal)
~
lSeal3
~ ~ -
STA7E OF FLORIDA ~
~
~ COUNTY OF St . Lucie ~
~
~ obert W. Cla rk _ a„d
Before me personally appeared b
~ Dorothy ~1 . rla r h~s wife, to mt weli known and knonn to me to be
~
~ r^e ir,divid~afs described in and who e:ecuted the foregoing instrummt, and acknowiedged before me that they executed the same for the purposes
~ Dorothy N . C'lark
~ rherein expressed. And the said--_ -
~s
w:fe of the sa~d -~'obert W. Cla rk _ a sepa~ate and pr+vate
=,cam~nat~on by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instr~ment freety and volum
; rar~ly and wnhout any compu!s~on, co~straim, app:ehens~on, or fear of or f~om her said husband.
ti,~ WtTP~E55 my hand and offiuat seal this_ 24th day or{ A rll . A. D. 1974 ~
_ \ . C~ .i 2 - - C .~G~,
Notary Pub!~c in and for the ate of Flo ~ at large
_ My Commiuion expires: ~!,J- ~~-/~~l
Retum To: - ~
4t0E~
First Federal Savin9s b Loan Associatio~ f~~~ AK~j F{EQ
Of Fo~t P:e,•e. ~~.Lt1CIE vOUtAAs` .
_ Fort PierCe, floric~a 11G~ERt~~'T CW~ 4
.,~i~r,
CIERK CF~ f?E~ ' "
R!t@Nr ~E ~ - v~~,1 J `
9 ~,Z
; J:: ~ - . ?
v r+.• .
This Instrument Prepared By ~-;a : y ~ . E l lwooe~ ~ S~ - ~ " • •
~~~s First Federal Savings & loan Association _ - . ; ~ ~ ' ~
~j of Fort Pierce , rlori~a ' ~ . f . =
- .,t. . -
,
` Checked By 28U613 ( , - _ ' - ~ _
~
,
3 U R I'`;''i,;.
~ ~ soo~ 226 P~~ 214? ~ , ,
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