HomeMy WebLinkAbout2689 . 3. To p~acs and continuously keep on ~he bui:d~ngs ~ow or hereaiter filuals on said Isnd •nd on ali equiwnent and persone~ly cove~ed by ~his motlg-
sgs, with •11 premi~ms ~hereon {+a~d in full, ti~e inu vrtce ~n the uswi s~e~xlsrd po~~cy form, in a sum approyed by ~he MOR(GAGEE, ?nd w~~~d~torm
iniurance in ths ueual st~ndard pot~p fwm, in a sum approved by tke MORTGAGfE, in such co~~pa~y o~ compan~ei as ~ht MORTGAGEE may ;
difKtj ~~d all fire and w~ndi~orm insurance pol~:~es on ~ny of se~d build~rqs. ~ny inttre~t therein or pa~l Ihereof, in the ~ggre9ete fum •fwesa~d a . i
In ~xceu lhereof, ahall contain ths usual s~anda~d matgeQee clause or wch other ciaus~ aa ths Mor~yegee ~nay requ~rs, m+?~rq ~?w losf u~Jer sa~d po~i- .
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cies, ea<h and e~e+y, paYab~e to said MORTGAGEE as ~ts interest may appe+r, and e~ch and every iuch poi~cy shall be prornp~~y ass gnrd snd dei~verrd ~o
any held by sa~d MORIGAGEE as (urthe~ security to said mortgage debt, and, not leu ~han ten (10) dayi In advance of ?he expi~atio~ of each policy, to d~- ry
Irver lo said MORTGAGEE ~ renewal thereof, ~oge~ha with a rece~pt (or ~Fx premium of such re~ewal; and ~heie shall be no f~re o~ windsto~m insuronc~
plated on any of said buildingi, sny inleiest therei~ w part thereof, unless in the fQrm and with 1M lou payable as aforezaid; and i~ the event any tum
of money becomti payable undc~ such poliq w policies seid MORTGAGEE shall hsve the option lo retaiva and apply the ume on accou~l of the indeoted~
nei~ secured he~eby or ro permit said MORTGAGORS fo receive aod uss it o~ eny par~ thereof fa other purposrs, w~thout th_+cuf ~va~~~~~g or u~~pa~r ^
ing any equity, liee+ w righl under or by virwe of Ihi~ mo:tgage; ~~d in the event ta~d MORTGAGORS shall fw any reason fail Io keep ~he sa~d p.em~sai so
Ensured, w fail to delive~ promptly any of uid policies of iniurancs to saK) MORTGAGEE, or fail prompily to pay fulty ~ny pre~n~~~r therefor w~~ a~y .
respect fail to perfam, discharge, execute, ef(ect, comp~ete, tnmply with ~nd abide by this tovenant, a any part hareof, aqid MORiGAGEE may place and
pay io~ suth in~u~ence ot any part thereo( without waiving ot affecting any option, lisn, equ+ty, w righf unde~ a by virtue of this Mwtgage, and tht
iv11 amount of each and every ~vch payment shsll be immedistely due and payable and shall bea~ interest from tM date thereof until paid al the rate of
n~ne per ceNum per annum and together with such interest shall be secured by the lien ot this mortgage.
4. To permit, commit w suffe~ no waste, impairment w deterioration of said property or any parf thereof.
S. To pay all and sinyul~r the costs, charges and expenses, includ~ng a reasonable ~ttaney i fee and cosfs of abstract~ oi title, incurred w paid at
any time by said MORTGAGfE, betause a in the e~ent of the ~ailure on the pe~1 of the sa"~d MORTGAGOR to duly, promptlY and fully perfwm, d~xharge.
execute, effect, complete, comply w~th and ab;de by exh and every the s~ipuist~ons, agreements, conditioru, and covenants o( said promissory rate and ~his
mwtgage any w either, and- sa~d cosn, charges and expenses, each and evcry, shall be immediatety due and payable; whethe? a not there bs no+~ce d~
mand, attempl la col{ed a suit pend~ng; and the full artaunt of each snd every such payment ahatl bear interest from the date 1he~eof until paid at the ,
rare of nine per centum per a~uium; and all uid costs, charges and expenses incurred or pa~d, together wah such iroerest, shall be secured by the lien of thii ~
mort~age. #
6. That (a) in the event of any breach of thi~ 1Nortgage w default o~ the paA of the MORTGAGOR, o~ (b) in the svcnt any of sa:d sums of money
herein referred to be not promptly and fully paid w~thin thirty (30) days neat after the same seve~ally becort+e due and paYable, without demand w notice,
or (c) in the event each and every the stipulatio~s, agreements, cond~rions and covcnants of u~d promissory note and th~s matgage any o~ e~ther are not
iuty, prompily and tulty performed, d~scharged, executed, effected, completed, compl~ed wi~h and abided Sy, tFxn in e~ther w any wch event the sa~d ag
gregate ium mentioned in said promissory note then remaining unpaid, with interest accrued, ond all moneys secured hereby, shall become due and pay-
eble forthwith, or thereafter, at vhe opt~on of said MORTGAGEE, as fully and completely as if all of ~he said aums of money were a~g~nally stipu:atcd
to be paid on such day, anything in sa;d promisswy note w in this Mw!gage to the contrary notLVi~hstanding; and the:eupon a thereafte~ at the oprion of
sa~d MORTGAGEE, without no~ice or demand, suit at law or in equity, therefore w thereafter begun, may be prosecuted as if sll money~ secured htreby
nad matured pr~ot to its institution.
7. That in the event that at the beginning of or at any t~me pending any suit upon this Mortgage, a to fweclose it, w to refwm i!, or to enforce
payment of any claims he~eunder, said MORTGAGEE shall apply to the Court having jurisd+ction thereof fw the appointment of s Receiver, such Court ahall
fcrthwith appoint a receiver of said mortgaged property al~ and singular, inc~ud~ng all and sin~ular the income, prof~ts, issues and revenues irom whatever
sovrce derived, each and every of which, it being expressly underatood, is hereby mo~tgaged as if spec;fically set fwth and described in the g~aniing and
habendum clauses hereof, and such Receiver shall have aIl the broad and effective funct:ons and powers in anywise entrusted by a Court to a Receiver. and
f::ch appointmeni shall be made by such Court as an ad~nitted equity and a matfer of absotute right to said MORTGAGEE, and wiihout reference to the
adequacy w inadequacy of the value of the property mor~gaged or to the so:vency or insolvency of said MORiGAGOR a the defendants, and that such
re~rs, profiri, income, issues and revenues shafl be appl~ed by such Receiver accord~ng to fhe ~ien or equity of said MORiGAGEE a~d the practice of such
CouA. 3
8_ To duly, promptfy and fully perform, discharge, cxecute, effect, complete, tomply with and abide by each and every the stipulations, a9?eements,
conditions and co~enants in sa~d promissory note and this mortgage set forth.
9. That in the event the ownership of the rtwrtgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, the
:'.ORTGAGEE, its successws and ass~gns, may, without notice to the MORTGAOR, deal with such sutcessa w successor in interest with reference fo this
mortgage and the debt hereby secured in the same manner as with Mongagw without in any way vitiating or discharging the Mortgagors' liability herr
under a upon ~he debt hereby sxured. No sale oi the premises hereby mortgaged and no forbearance on the part of the MORiGAGEE u its s~ccesso?s
or assig~s and no eate~sion of the time fw the payment of the debt he.eby secured glven by the MORTGAGEE or its s~ttessors or auigns, shall operate
to release, dscharge, modify char+ge ot affecl the original liab~l~ty of the MORTGAGOR herein, either in whole or in part.
10_ It is specifically agreed that time is of the euence of this contract and that no waiver of any obl~gation hereunder or oi the obtigation sr
c~red hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the iostrument secured herby. ~
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11. In add~tio~ to the forego:ng monihly payments of princ'pal and interest required by the p~om:ssory note secured hereby, mwtgagor covenants t
and agrees to pay ro mortgagee with each mo~~hty paymem an add~~ional sum esrimated by mortgagee to be equal to 1~'12 of the annual cost of the follow-
ng:
~ A-All real property taxes levoed w assessed against the above described resl estate. '
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~ B--Prem+ums on fire and windstorm inswar.ce as here~n req~~red to be carried on the improvements situate on the above described premises.
E C-Pre~niums on such mortgage guaranty insura.~ce as mortgagae shall from t:me to time deem fit to carry on the loan secured hereby_
; Mortgagee shall From time to time notify mortgagor in wrm~g of the amount due and payabfe hereu~der and such sum shatl thereupon be due and
~ ~ ayable on the due dare of the next monthly payment and each success~ve momh thereafier ur.t~! mortgagee shall notify mortgagor of a change in such
~ a~,a~nt. Such wms sFalf be applied by mortgagee toward the paymem of real property taxes, insurance prem:ums, and mortgage guaranty insurance
a premiums.
j IN WITtvESS WNERfOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforeu~d.
~ Signed, Sealed and deliver nce of: -
~ (Seaq
Ju13us White J7[ . ~eq
; ~1M ~Sea4
~ essi~W 1 e
~ • (Sea1)
~
5 ~ ATE Of FLORIDA ?
SS. ~
~ ~
~ couNrY oF St. Lucie
~1 Jul ius White, Jr. a~ ;
Before me perwnally appeared ;
~ eessi~/ White his wife, to me well known and known to me to be ~
~ the individuats described in and who executed the fwegoing instrument, and ackrwwledged before me that they executed the same iw the purposes ~
rherein expressed. And the said Bessi~/White
" w;fe of the sa~d - JUI 1U18 ~l~t@ .~X • upon a scparate and privste
~ examination by me taken separate and apart from ber said husband, adcnowledged to and lxfore me that she executed said instrument freely and voluo-
g ranly and without any compulsion, constraint, apprehension, ot fear of or from her said husba~d
A! i 1 A. D. 19 74
~ WITNESS my hand and official seal this 3~ ~ dsy of p
~~A.~.f1.~+
~ • _ _
_ . Notary Public in snd fw Stste of Florida at Larye
- My Commission expires: , ~ . '~O•'~ L .
Retum To: , - ,
Firsf Federal Savings 3 Loan Assotiation " ~ ~ #
Of Fori P:erte. ~~~~~'',rl~:i`~~.~~ ~
~ Fort P~erce, Florida f1~E0 ~Ke RECOROE ~ ~~i~r' ,
= st. ~uc~E couNtr Ft~i. ~ - ,''..t. , _ -
= ROCE ~ FpiTA~S ~ ~ ;
"1 ~ t? "
: C~ERr, ti~CU?t COURT ~ ~ - - r ~ • ?
aFr,DR^Y~t;~f1E0 _ .L~ _ -
~,,....j ~1 ~ -
This Instrument Prepared By Wf 1 L lam J. FoYbes _ v.:, ~ ;
~ ~
First Federal Savings & loan Association ~r ~ i i o4 AH OC' ~ r% ;
° - of Fort Pierce , P'loz ida ~ ~ ~1'• a y . . C~ .
_ _ ;
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;;r' IL~ n , ,
~~.t • . .
Checked By i~r~` ~J9JV ` `
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^ 600K 2~~ PAGE~6~~ ~
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