HomeMy WebLinkAbout2520 3. To piace and co„rinuousiy keep on the L~~'J~~.9s nurv or h~r~•~iter s!wate on s.,~d ~an;1 and on al; rqu~~;~nrnt a~ d personaliy co:ered by th~s m~rtg-
a~e, w~lh ell pren„un,s thnreon ~,,,.d in tu!1, f~re ins~rencr :n ~i~a ~s.,.+l ere~~.+rd ~w'~ty 1orm, in a wm aHpro~ed b~ the h1ilR~i,:.GEE, and wr~dstorm
~ns~rance in the us~al s+ond~~d po:.cy fo:~n, ~n a s~:n aHpro.~d by ~hr h~~RtGAGEE, in such company or co•npan~ei as ~he MORiGAGEE may
d~~ecr; •nd all f~~e a+ d w;nJa~urm inwron~e po:~acs on a: y oi s~~d bu~:d.nys, any intere~~ therein or part th~r~of, in the agg~ega~e sv~n eto~e~a~d or
in exceis thereo(, shalt :enrdin ~he ~swl s~anJ:,~d ~nocry~9ce uau:e or such o~her c!euse as the Mortyagee may reyu:re, mek~ng the ~css undrr s~ d{w1i-
clrs, zath and eve~y, pa~.~i,:e to seid A1ORiGAGEE ai itf ~~~W~.st n~ay o~.prat, and ea<h and every Suth pi,!~ty s1~a11 be promp~iy ess y~~ed and dt:ivcn:d to ,
any heid by aa~d !t!OR[GAGfE as fur~har s_cwity to sa~d n~~r~y~~z d~~nt, a~~J, not iess than tan (101 days in ad+ance of the exp~~a~~on of each po~~cy, to de- ,
I;ver ~o sa~d MORiGAGEE a renewal thereof, toge~her wi+h a recr~pt far the pra~n~um oi such renrwal; and thrre shaf! be no i,re or v~i~~~sro<<r~ ir.s~rence ~
placed on any o) sa:d b~itdings, any interest therem or part thereof, ~nleu ~n the form and w~th the loss payab!e as afoiesaid; and in the e+enl any sum ~
~f money becanes payobie ~nJer such pol~cy or poLues said l~10RTGAGEE ih.,ll have ~he opt.on ro rece~ve ond apply the sa~~~e on accou:~~ o( Ihe ind~c>>.•J•
neis 3ewrCd hrr~by o~ to pem~:t sa~d MORIGAGOR$ to rec~ive ~nd us~ it ot any p,~rt ~he:eof for otbcr Nw{•~srs. ::~~i,'~.1 th u~ .v_~.~'~ o~ ~'~•p•~~'- ~
;ng any equ~ty, lien w nght u~d~r or by v~rtue of th~s mortgage; a~d in ~he rvr~~t ~a d MORTGAGOR$ sha!I tor any rcason fail to keep the sa:d pre~~~s~s so ~
~nsured, or (ail to drlive~ pro~nptly any of :aid ~wlicies ol ~nsurance to Sa;d MORTGAGEE, or fa~t pcomptly to pay fu~iy any preu~iu:n thercfo~ o~ u~ a~y
respect fail lo perForm, d~scharye, exrcu!e, efiecf, ca.~pletr, co:nply with and ab~de by this tovenant, w any pa~~ hareof, s.~kd MOR1vAGEE may p+ace a~C
n.+y fw such insurance or any part ~hrreoi wnho~t waiving or affecring any opt~on, lien, equ~ry, or r~ght under or by vvtue ol ~}+~s Mortgaye, and the ,
1~i1 amoun? of each and every such paymrnt shall be immed~ately d~e and paya~le a~~d shali brar inirrest from the date thereof uutil pu~d at the rare o1 .
•~~ne pe~ cenwm per annu~n e+~d tu.~~~h~•r ~nh such inrrr~•se sh,,ii l~ sec~red by the I~en o1 Ih~s mo~tgage. ~ ,
1. To permi~, commit or sufier no waate, impa~rment ot deterioration of said property w any parl thereof.
5. To pay all a~d sirw~~ta~ the costs, chargea and expenses, ~nci~ding a rcasonable attorney's iee and cos~s of abstiacts of tit~e, incuned or ~~n~d at
,~,y tim.e by sa~d MORTGAG'_E, Lecausr or i~ the event of ~he fa,fure on ~he part of ihe said MORTGAGOR ro du~y, prompHy a~~d f~tly peiform, d~scharqe.
accute, effett, tomp:ete, con,E.ty w~th and ab:de by each and avery the stip~lations, agreemenlf, cond~tions, and covenonts of sa~d promissory note a~~d ~~~is
~,e•rgage any or e+~he?, and sa d costs, charges and eapenses, each and every, shall be immrdiately due and payable; wherhe~ or not there be no~lce d~
and, attempt to col~ect or suit pend ng; and the full amount of each and every svch paYmem shell bear irocrast from ~hr da+e thereof unfil paid at the
o' ~une ~r c<ns~•n Fer o~~~w:n; .,~:c aU sa~d cosrs, cha:~ea and c~penses irxu~red or pa~d, togathe~ w~th such inferrst, shall be sewied by the Gen of th~~
m.orrgage.
6. That (a) in the eve~t of any braach of thls Morrgage or dciault on the part o( the MORTGAGOR, or (b) i~ the event any of sa:d sums of money
here~n rofe~red to be not promptiy and {utly paid wdL~n th~rty (3Ui days next aft<. the same severally become due and payable, without demand or nonce,
cr ;c) in the evero each and e~e.y ~he sGpu,anons, agreemenu, condrt~ons and covenants of sa.d prwn~ssory note and th~s mortgage any or e+ther are nm
i.,:y, pro~nptiy and i~~ty perfonr.rd, d~xharg_d, cxecuted, effected, completed, comNi~ed with and ab~ded 5y, ~hen in e~ther or any such event Ihe aaid ag
~rc~aTe sum men~ioned in said promissory note th~n reinaining unpaid, with i~vere;t acuoed, and aii monays secured hereby, shall becume due and pay-
+c iorth vith, or therea'.ecr, at the op~~on of s:~~d MORTGAGEE, as fuity a~x! comp!etely as if aIl of thr safd wms oE money were ongina~ly snpu:a~rd
r.~ :,e ~.d on such d.:y, anything ~n sa.d pro~n~ssory nore or in th~s h5orrgage ~o tF~e conrrary notw~thstand~ng; and ~he~eupon or thrreafter at the opt~on of
s, d MORTGAGEE, wuhout r.o~~ce o~ drmand, su~t at law or in equrty, therefore or thereafter beg~n, may be prosecuted as if all moneys secured hereby
r,.:~ mawred pnor to rts ins+itution.
7. That in the eve~~t rhaf af the bey~nn ~g of or at any time pend~ng any su~t upe~ this Mortgage, or to foreclose it, or to reform it, or fo en(crce
~,ment ot any d.~ims hrreu~ dt~.. :a:d b'IORTGAG:E st,a~! appty to the Court havfng ~unsdkf~on thereof for the appo~nrment oF a Receiver, such Court sha~l
~rh~nith appoint a recrF:er of said ~nortgaged prcperty all and si~~utar, inclvd ng a:. and s~n~~tar the income, prof~ts, iswes and revenves from wh,tever
s rcr derived. each and every of wh ch, rt Le~n~ eapress y ~nders~cocl, ~s Ferebt mort3aged as if specJ~cally set forth a~d described in the g~ant~ng and
:,e~dum da~ses hereof, and such Receiver sha7i have a!~ tne b~oad and ettru~ve funct,ons and powers in anywne entrusted by a Courl to a kecriver, and
s. appoinrment shail b~ rcade by such Co:,~f as an ad:~u~r~~d eq~~f~ and a.ratter of absolufe nght to said MORTGAGEE, and winc~ut reference to ii~e
1:.~,:,cy or inadequacy of the val~e of the property mortgaged o: to the so,vency or ~nsulvency of se~d MORTGAGOR a the def~ndants, ar.d that such
•s, proiits, income, issues and revenues shii+ ba appiied ty such Rece~ver ac.ord~ng to the tien w equity ot said MORiGAGEE and the practite of such
Ca~rt.
8. To dvty, prompfty and fully perform, d~s:harge, execu~e, eifect, compiete, con,pty w~th and abide by each and every the stipu+ations, agree~nents,
„~.d~KOns and covenanrs ~n sa~d prom~ssory ~ote and this mortgage set forih.
9. ihat in the event tt~e owne~sh~p of the mortgaged pre~~~ses, or a:~y part thereof, becornes vested in a person other than the MORTGAGOR, the
;~~TGAGEE, irs successors and asvqns, may, wi~houf no~,ce to ~he A10RTG~OR, deal .v~th such successor or successor ~n interesi with refrrer.ce to ~hks
~ tyage and fhc deul hcreby sec~red in ihe same manncr as v~~th lJtortgagor wishout in any way vit~ating or d~scharging the ldcrtgagors' liabi~ity here~
:i~r w upon the debt he~eby secure-J. No sale of ~t,e Frer,~ses he:eby mortgaged and no fcrbearance on the part of the IJIORTGAGEE or its successors .
• ass~gns and no extens,on of the t;me for the payment of the debt hereby secu.ed given by the MORTGAGEE or :ts successors or ass:gns, a~~all operate
o rr 2ase, d+scharge, mod~fy change or a4fect the or~g~nal 6a~.i:ty of rhe A50RTGAGOR here~~, either in whole or in part.
!0. It is specif~cally ag.red that t~me is of the essence of thls contracr and that no waiver of any ebl~gat~on hereunder or of the obtigation se-
.,-ed hereby shah at an~ time rnereafter be hc:d to be a waiyer of the terms hereof or of the instrument setured herby.
f I1. In aud.t~o:~ so ti,-_ ~o-egs,~g ~~~cn;i,'y pay•n_nis ot p:i~~cr~f and inf,r~sT ~equ~red by the promssery no!e se~ured hereby, moriga~or covenanis
! agr:es to pay to mo-tg..qce :.~:h ~•a~h ~::~rrh'y pa~~ .er~t ..n add.:ional Sum csr r ated by mortgagee to be equai to l, 12 of t:tie annual tost of th~ fo~iow-
C i.
f
~ A-A!1 .<al ~:ep:~.ty tex:s !en_~ e~ assrsc_ti agai•:st ti,e acove crscr~;~d r~al esta!e.
°
~ B- Pn~:r..u~ns on ffre ar~.a, v..r.dsto'ir :nwrarcc as her~•in r^qu;red to be car~~. en the ~mprove~rse~ts s:tva!e on the abeve d~scribed premises.
~ C-Premiu:~ s cn soch n:a•:: acc g~a•anry 7r.s~ra:.ce as me~tgacee sna:f lro:r. nn~e to time deem fit to carry on the loan secured hereby.
t
Mortgagee s'^.~d1 f•n•n r,-:e ro t:~-~e ~c!:fr mo~sgager m v,rn:rg ef the a-r-.o:,~r due and payable hereund~r and such sum shail thereupon be due and
~ . able on th~ c~~c d.,~e oi ihe next n~o-rth:, payr~~nt and each successive month thereaft=r uctil mortgagee shall notify mortgagor of a change in such
~ ~unt. Such s~ms sca.! I:e a~:, :icd by~ mer~gag:e to:•.ard the payment of rea! preperty :axes, insurance Frem:ums, and mortgage guaranty insurar.ce
_~~~i~ms.
~ IN Y11TNE55 '.L'HERcOf, the sa~d r10RTGAGCR has hereunto set h~s ha~:d and seal the day and y r first aioresaid.
~ Signed, Seated and delive~ed in the presente of:
3
r - • (Seal)
~ _ w~0 - (Seal)
- ~
lSeal)
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~ _ _ - ~ l5eaq
~ - - i
~ :?E Of FLORIDA
~ ~ '
' ~UNTY OF St . Luc~e ~
~ 'riubert G. Lang~tor.
, Before me personally appeared - and
~ A'a2lene C. Lanyston
his wife, to me well known and known to me to be
' _ individuafs descr~bed in and who exec~ted thz foregoing instrument, and acknowledged before me that they executed the same i the purposes
~ - D"arlene C. I.an~ston .•~~s+u~c,r!~~,.~,,
e:n expressed. And the said_ .
u ert . an~ston
" je of the said _ uQ~l~a se~taN.i;1tL~(ML'v~f
=•a~,r,atwn by me taken separate and apart from her said husband, acknowiedged to and before me that she executed said`~trumon) {~ely,andro)urr
~ / ard v~!thout any cOT:pvlsion, [onstraini, apprehens:on, or ear of or from her said husband. ~ ~ ' '
~ V ,
~ WITNESS my hand and ofF~c~al s_>af this_ . a~ day of ~ rl Z _ ` Q'• A•~- '14
' - `~e~-- ~'`v~ ~ c -
- Notary PubGc in and for e State of No}' at lar ' 1•~~ ~
- My Commission exyires: ~
Rerurn To: '
first Federal Sa+~ngs b Loan Associat~on • - ` " - • - : ` - ' " ~
: c -ce. , . '
;.'_r iorr P~_..c.,. F'._•;da 2jViJV~~ ~ _ •
- This Instrument Prepared By ~ichar<~ K. Kayes f f0~9~~ '
First Federal Savings & Loan Associahon ~j~It1E ~
of Fort Pierce , Flor i~ia ROGfR tO1~Af . t,' ~,~~r .
f,"-'°, C ~ j J' r;~~
REC P.~ VfRRFIeO t~
Checked By F ~
= o a ~ 3ii 10 a~ ~MI'T~i ~~J~ .
aoc+~2~ P,~~E~j~B
~
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