HomeMy WebLinkAbout2649 3. To place and co~Ninuo~sly Meep on t`ro bu~:d~ugs now or hrreoiter ~nuate on sa~d la~d and on ali equ~p~nenl a~:d penonsl~y co+ered by ~hit n:atg-
ege, with eli premiums thrreo~ p~~d in iull, f~re ins~~o~ce in Ihe uwal at~ndard µ~'ity (orm, i~ e wm b~.N~G~cd by the MORti~:.GEE, end w~~~d:~unn
Insurance in the ~iual srenderd po1.q form, in a sum approvrd by ihe MORTGAGEE, in such canpany or to~npan~es a~ the M~ORTGAGEE may
d~rec~; •nd aU (ire and w~rxls~arm insvrance po~ic~rs on any oi smd b~i~d~ngs, any intrrest the~ein or part thereol, in the ayg~rgo~e •um atwesaiJ w
in ezcess thereof, sAall co~~~ain the uwal s~anda•d mongagre da~ae or such oiher clause as the Mortgagee may rayu~re, making the ~oas unJr~ s~~d po~H
c~es, each and eve~y, payabta ~o said A~ORiGAGEE a~ ~IS in~rr~•st may appear, and each and every wch po:~cy ahetl be p+wr~puy a~s ynod d~~d de,~~cr.•d ~o
any held by ta~d h!OR(GAGEE as i~rther s<<urity to aaid mor~cJage debt, and, no~ less than ten (101 days in adrance of the e~p~rahon ot eoch pol~cy, ~o dr
I~ver to said h10RiGAGE£ a renewal ~hereof, logethzr with a rece~pt for the prenuum of such ~enewal; and ~hrre sh.~ll be no f;re er wi~~dsto~m insurance
p!aced on a~y o1 sald build~ngs, any in~erest ~here~n a pa~t thereof, unlrss in ~he form and wiih the ~oas p~yab~e as aforesaid; and in the e~rent any i~re ,
of money becomes payatte under such policy w pc~~c~NS sa~d MORTGAGEE ahall have ~he opnon to rece~~r and app!y ihe same on accoun~ of the ~ndebf.d•
ness sewred hereby or ro permit sa~d MORTGAGORS to reteivz ard use jt q any pa~t thereof ior otne~ pur~~osrs. v.~~n-v~t th:•t..,r .v.,~.~ c~ ~"•P~"-
~ng any equ~ty, I~en w r~ghr under or by virtue of this mo:tgage; and in Ihe event sad MORTGAGORS shall for any reason fa~l to kecp the se~d pre~r.itrs so •
~nsured, or lail to deliver promptly any of said po6cies ol insurance to se;d MORTGAGEE, or fail pron~ptly to pay fully any pre~n~~m thrretur or in any
respect fail to perform, d~scharge, exrcu~e, eSfeU, completa, comply with and ab~de by Ih~s covenan~, or any part hareof, sa~d MURTGAGEE may piece a•~o
pay ior such insurance or eny part thzreof w~thout waiving or affeuing any option. lien, equ~ty, or right unde~ or by v~rrue o4 th~s Mortgage, and fhe
f~~l amount of each and e~ery w:h payment shatl be immediately due and payable and shall bear interest irom tha date thcrcof unril poid at the ~a~e of
rnne per centum per annum and to~rth.•r ~nith wch iroerest shali be secured by the lien ol this mortgage.
1. io permit, commit or aui(er no waste, impairment or deterioration of said prope~ty or any part lhercof.
5. To pey all and s~nguta~ the costs, c~arges and expenses, ind~d~ng a reasonable attorney's fee and costs of abstracts o~ title, incurred or pa~d at
nny time by sa~d MORTGAG:E, beca~se or in the event of thc fa~lure on tne part of the said 610RTGAGOR to duiy, promptly and f~lly parform, d~stharqe.
: xrcute, e(fect, comptete, comply w~th and ab:de by each and every thc stipvlat~ons, ag~eements, cond~tions, and covenants oi se~d p~omiasory note a~~d ~h~e
mortgage any a e~~her, and sa,d cosn, charges and expenses, each and every, sha~l be immed~ately due and payab~e; whether or not there Ix nonce da
mand, attempt to colled or suit pend~ng; and the full amount of each and eYe+y svch payment shalf bea. interes~ from the date thereof until pa~d at tlu
~,ie oF n;,:e per crnt~m pe~ an~iu:n; a:~d alf said costs, charges and expenses rtx~rred w paid, together w~~h suth interest, sha~l be secured by the lien of th~s
mortgsge.
6. Tha? (a) in the event of any breach of this Mortgage or defauft o~ tM part oE the MORTGAGOR, or (b) in tfie event any of sa;d sums of money
herein re(erred to be not pron,ptly and fully paid w~+h~n thuty (30) days nex~ a4fe~ the same severally become due and payabte, witho~~ demand or no~ice,
er (c) in the event each a~d every ~he stipufafions, agreements, tondit~ons and covenants o! sa,d prorn~ssory note and th~s mortgage any or e~ther are not
~uly, promptly and f~lly performed, d:scharged, exec~ted, effected, canpleted, compl~ed with and ab~ded by, then in e~ther w any wch event the sa~d ag
~r~~gate sum mentioned in said promissory nare then re+na~ning unpaid, with interest accr~ed, and a~l moneys secu~ed hereby, shaii becume d~e and pay
e forthwith, or thereafter, at ~he option of said MORTGAGEE, as iulfy arxl completely as it all of ~he said sums of money were ong~nally u~pu.ated
ro be pa~d on su:h day, anything in sa:d prom~ssory note or in this Mortgage to the tontrary notwith~tandu~g; and thereupon w thereafter at the opnon of
s:~:d MORTGAGEE, w~~ho~t nonce or demand, suit at faw or in eqwty, therrfwe or thereaiter begun, may be prosecuted as if sll moneya secured hereby
n:d mat~red pnot to ds inatituhon_
7. ihat in the event that at the beginning of or at any ti~ne pending any su~t ~pon th~s Mortgage, w to io~eclose it, or 1o re4orm it, or to enforce
payment of any da~ms he~eundrr, sa~d MORiGAGEE shall apply to the Cou~t having jur~sdction thereof (or the appointment of a Receiver, such Co~rt shail
fu~hwirh appo~nt a receiver of sa~d mortgaged property all and singular, inci~rd:~g ail and smgu~ar the income, prol~ts, issue: ar.d re~an~es from whatever
s: ~~ce deriied, each and every of whrch, it being expressty understood. is hereby mortgaged as if spec~i~catly aet ionh and desu~bed in ~he grant~ng and
i,~ .~endum clauses hereof, and such Recei~er shall have all ~he broad and effecnve funct~ons and powers in anyw~se entrusted by a Cou~t to a Rec<rver, a~~d
..,h appointmenl shatl be made by such Court as an ad~nittcd equity and a ma~ter ol absolute right to said MORiGAGEE, and winc~et reference to the
a~1~~q~acy o~ inadequaty of the value oi the p~eperry mortgaged or to the sorvency o~ ~nsoive~cy of said MORIGAGOR or the defendants, and that such
c~~s, profits, income, issues and revenues shail be appl~ed by :uch Recriver accord~ng to the tien or equity of said MORTGAGEE and ihe pracnce of such
Court.
8. To duty, promptty and futly perform, discharge, execute, effect, comptete, comply with and abide by each and every the stipu(atio~s, agre.:ments,
conditions and covenants in said promisso:y note and N:is mortgage set forth.
9. That in the event the ownership of the mortgaged pre:n~ses, or any part tnereof, becomes vested in a person other thart the MORTGAGOR, the
:10RTGAGEE, its successors and ass~gns, may, w~rhovt nct~ce to the A10R1GArJR, dea; w~th such successor or s~ccessw in interes~ tivi~h reference to th~s
o~!gage and the deut hereby secured in the same mann~r as wrth htortgago~ w~thout in any way vit:ating or d~scharging 1he Mortgagors' Iiability here-
under w upo~ the debt hereby sec~red. No sa~e oF fhe prernises hereby mortgaged and no iorbearance on the part of the MORTGAGEE or its successors
o- assigns and no extens~on of the time for the paymenf of the deb~ h~.eby sec~red given by the MORTGAGEE or ~ts successors or ass~gns, alialt operate
ro re!ease, d~scharge, modify change o~ atfect the orig~nat Iiab~I~ty of the MORiGAGOR herein, either in whole or in part.
10. 1t is speu~ically agreed that time is of tha essence of-thts- contract and that no waiver of any obl:gat~on hereunder or of the obtigation se-
c~red hereby shall at any time thereafter 6e hetd to be a waiver of the term~-hcreof or of the instrument sewred herby. _
11. In add.~~ea to the {orego ng rnoR~hly paym~nn of princ pal and inrerest ~equ'ued by the prom sscry na!e ~dec~ed hercb~, mor~gagor covenanrs '
~,d agrees to pay to mo~ryagee v~rth each rnonth!y pay:.,ent an add~~~o~al sum est~:~~ated by mortgagee to 6e equai to 1.' 12 oi the an~~ual cost of the follow-
~ q-qll rea! property taxas Ir:~ed o+ assessed agai~st tnc a6ove describcd reat estate.
~ B--Prcmiu•r.s o~ f~re and vi~ndstor~n ~r.svrarce as here~n requ;red to be carri~d on the ~mprovements s~tvate on the above descrihed premises.
~ C-Prem;ui-~s on wch n:ortg,ge guaranty ~~surar.ce as mortgagee sha~l frc~n f ine to time deem fit to carry on the loan secured hereby.
~ A;lortgagee sha ! f*em n~r:a tc t~~ne nct~f~ mo:tgagor ~n wr~t~ng of the arr.o~nt due and payabte hereundrr and such s~ shall ti~ereupon be d~e and
' ;,.able on she dve oare of rhe ne¦t mo::th. j payn~.ent and each wuessive m.onth tnereaf:^r ur,tif mortgagee shall notify mortgagor of a change in wch
i
~ ount. Such su~ns sha:l be ap~.i~ed 'oy mortga~~e to.+ard the payment of rea: property taxrs, insurance prem.~ms, a,id mortgage guaranty msurance
~
; ;~-•CmiumS-
° IN Y~ITNES$ :•rHEREOF, the said h10RTGAGOR has hereunto set his hand a~d seal the day and ye first a~oresaid.
~ Signed, SeaSed a~d detivered in the presence of: ~ ~
Seaq
~ . 1 ~ -
~ (Seal)
- ~j=L L~ ` (Seal)
~ ~ ~I-`~ I ~
~ (Seaq
.9
Si:aTE Of FLORIDA
~ SS-
~ ~JUNTY OF I+UC1.@ ~
3 ~
Before me personaliy appeared C re d t7. 1,01113 and
Alene IAZ12S his wife, to me well known and known to me to be
y`y
r rhe ind~viduals descr~bed in and who executed the foregoing instrument, and acknowledged before me that they ezecuted the same ior the purposes
~ Alene :-J. Lol~~s
_ rnerein expressed. And the said -
~;;fe of the said _ ^re~a Y.. Lolli i upon a separete and private
~xam~nat~on by me taken separate and apart from ~er said husband, acknowledged to and before me that she executed said instrument freely ar,d volun-
~;•~ly and v.+th~ut any comp~ision, constraint, apprehens~on, w fear of or frem her said husband. ~
Y/ITNESS my hand and offic;al seal this a~~' _ day of ~+Fril q. p. 19~-
- ~ .
Notar~ Public in a~d tor the State of florida at la
_ My Commission expires: 10,;~~' b ~
- ~
Return To:
- First Federal Savings 3 loan Associat.on ~
_ Of Fo:r P ~rce.
- ~~!ill!l1/~
; fc.•~ P~.~rce. Fior~da ~~oE~ ~ ~ 1-~) >h~/~
S~~EVC~£ ~U~1Rl~s`A. ( ~;~J.~
, IIU~ R ' T l ' ^
- ~ t,:. ;~It C611R _ ~i ' ~ , ~ J' ~
: - ~ .
: This lnsirument Prepared By ~r'`• • '~~iii~'~~~RP ~~;.,!r1f.0 - _ ; :
First Federal Savings 8~ Loan A~sociation 3~u f~,1 . ~ _
" ~ - i ~ r ~ ' d ' A ~7 ; ''1 :
of Fort Pierce~ ` _ ` '
V ~ .,i 1 ~C~' jfj:
$ ~'~al~ ~ U . ;
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` ~ ` _ ``1 ~
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- - Ch~cked - . • "
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v.~i/J ~VJ v
800N 2~6 ~~~E26~7
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