HomeMy WebLinkAbout0454 J. To ptact and cominuousiy bep on the bui!d~n9s now w hereait~~ iitwt~ on said land ~nd on all equipment +nd pe~sa++lly cov+r~d by ~his ma1~ ~
sge, wilh ~II premiums thcrcon pa~d in iull, fira insuronce in the usuat standard potky fwm, in a sum approved by 1ht MORfGAGEE, and windstam . y.' ~
~niuranc~ i~ tM usual sundard pot~cy lam. in a wm approvcd by tM 'JM~RTGAGEE, io ~~ch comPs^Y or ta^P+^~y +s tM MORTGAGEE may
direclj ~nd all firs ~nd windsrorm insurance policies a? ~ny of said build~ngs. ~ny interest lhrai~ o~ part Iherwf, in ~M syy~eyaq wm afa~said or ~
in sxceu ~hereof, shaU contain tM usual sta~xlard ma~gay~e cls~se w such o~her c1~u~ a Ih~ Mal9age~ may ~equlr~. en~tinp IM los~ uncle~ sald po~}
cies. each and eve~y. paY~bte ~o said A10RTGAGEE it~ interas~ may +ppea., and e~ch a~xl every such poi~cy ~hall be promptty ~ss.y~~ed +nd delivered ~o
sny held by iaid MOR(GAGEE a~ furlher tecurity to u~d mortyage debt, and, not less than fe~ (10) dsys in advance o( ~he expi~ation of e~th policy, fo d~
I~ver Io taid MORTGAGEE a rertewal therwf, 1o9ethK with a receipf fw tAe premium of suth renewal; and ther~ shall bs no fire or windstam insur~nce
placed on ~~y ol sa~d build~rgs. any intereit the.eie? or part thareof. unleu in ~Aa form and w~~h the loss payable as afa~ssid: +nd in the ~ve~t any sum f
of mo~~y becanes paYaWe unde? such policy w po~+ues said MORTGAGEE iha~l have ~hs op~wn ~o receive and ~pp~y th~ sam~ on +aou^t of 1M iodebted~ ~
ness iecured hereby w ro permit sa~d MORTGAGORS to receive and use it a any pa~t the,rof tw ofher pur~.wsei, w~thout thereb~ waiving or ~nipa~?'
ing any equity, lie~ a right vnder.q by ~irtue of tha mo:tg~ye; and :n the evenl s+~d MORTGAGORS ~hall fa a~y reaso~ fail to keep the said premiws so i~y.
insured, or fail to de~~ver promptly any o1 said po~ities of in:urante to sa~d MORTGAGEE, a iail promptly to pay fully any premium therefo~ or fn a~y
respect iail to perform, d~acharge, execute, effec~, completa, comply with and ab~de by th7s covenant, a any part hereof, said MORiGAGEE may p~ace and
pay (a iuch insvrance w any part thereof without waiviny or affectinp any opt~on. lien, equ~ty, o~ righ~ unde~ w by virwe of this Mortgage. a~d Iht
s..u nf sael. and e~erv such wymeM shall be ~mrtiedutely due and peyabte a~xf sha!I bear interest from the date thereof ~ntil paid at the rate ol
nine per centum pe? annum a+xl toc~rther with such uverest snau ue secured oy ~r~r ~~r.~ ~~~~a°y~•
1. To permit, oommit p~ufie~ no weste, impairment a dete~~o~at~on of said prope~ty w+~Y W~ ~~reof.
S. To p+y all and singulu 1he costs, charges and expenses, includ~n9 a rcasonable attorney's fee snd costs of sbstrscts of title, incu?red w paid ~t
e~y time by said MORTGAGfE, becausc a i~ ~he event of fhe failure o~ the part of ~he sa:d MORTGAGOR to duly, promptly and fully perform, d~stharge,
exScute, eifect, complete, comply w~th and ab:de by each and every the st~pula~~ons, agree~nents, conditions, and covenants of said promisswy note +nd ~his
morrgsqe ~ny w e~ther, and sa+d costs, cMrges and expenses, each arsd svery, shall be immediately due or+d payabte; whethe~ or not ~here be not'ce de'
n,and, attempl to toilett a wit pe+xling; a~d the full amouM oi each and every such payment shall bear interest from ~he date thereot w?til p~id at th~
~,r of nine pe~ centum par anuum; and a~! sa~d costs, charges and expenses ~ncu: ~ed or paid, logether wilh tuth iNerest, shall be sscured by the lien of thit
mor tg age.
6. That (a) in tlx event of any breach o( lhis Mor~gage or defauit on the p~rt of the A10RTGAGOR, or (b) in 1he eve++~ ~~Y of said a~ms of moiney
herein refetred to be not pron~ptlY and fully paid within th:~ty (30) days next a?~er the ssme severally betome due and payabls, wilhout demand w rwt~ce.
or (c) she event each and eve~y the stipulstions, agreements, cond~tio»s and covenams of sa~d promissory note and thi~ mwtgaye any w eithet are nW
a,:y, prompNy and fully performed, d~scharged, esec~ted, ellected, canpleted, compl;ed wfih and abtded by, ~hen in e~ther or any such event tFa sa~d ~g
gre~are sum mentioned in said promiuo~y r?ore ~hen remaining unpa~d, with inte~est accrued, and a11 moneys setured hereby, sMll become due and pay~ E
ao'.e fwthw~th, u thereafter, at the optioo of sa~d MORTGAGEE, as !uUy and cort~pie~ely as if aH of the sa~d sums of money were wigi~+~~Y ~~~P~+~a~~ ~
to be paid on such dsy, anything in sa:d promissory ncte or in this Mortgage ~o fhe co~trary notwithstanding; and thereupon w lhereaftd a1 the option of
said MORTGAGEE, w~thout no~ice or demand, suit at lax a in equity, tF~ere(ore or thereafter begun, may be prosecuted ss if all moneys secured hefeby
n~d maWred p~~or to its institution.. .
~ . _ ~r'=-s 4!~t~~; N*c+ (a.~c~ it_ 4~ to reform it. w to enfwce
7. That in the event tnat ar rne oeginn:ng o~ v; ai s~~y R~~....y ~
~~yment of any da~ms hereu~der, said AtiORiGAGE~ shall apply to the Cour1 having ~e;r~sd~crion ?hercof ior the appointmem of ~ Receiver, such Court shall
.,~!~.vith appo~M a receiver of said morlgayed propeity al( and singular, inciucl~ng a~i and sinyular Ihe income, {uofits, issuts and revenues lrom whateve?
sr u•cz darived, each arxl every of wh~ch, ~t beir.g expressly unde+seood, is hereby mo~~geged as ii spec~fically set iwth ~nd deiuibed in tAe 9?~nting and
i sbendum ciauses hercrof, and svch Receiver sha:l h~ve a~t the b~oad and effective fucct.ons and powers i~ anywise entrvafed by a Cou?t to s Rtceiver, and
s:h appoimment shail be made by such Co~rt as an admitted equity and a matte~ of absuwte nght ro said MORTGAGEE, ~nd withoul reference to the
edeqvacy or inadrquacy of the value of the p~ope~ry mortgaged or to the so~vency o. ~nsotvency of said MORTGAGOR or the defendants, and that s~~ch -
.••»s, profits, income, issues and revenues sha11 be applied by such Receiver accord~r~g to +he tien a equity of said MORTGAGEE and the prattice of such
Court.
8. To d~fy, prempt:y and fully perform, discharge, execute, effect, comptete, co~~~~y with and abide by each and every the slipulations, agrcements, ~
conditioni and covenants ~n sa~d ptomisswy note ano tn~s mcrtga~e set fo+th.
9, Thar in rhe event ihe ow~e~sh~p of thr mortgaged pren~ises, cr any par! thereof, becomes vestrd in a person othe~ than the MORTGAGOR, the
:•.^~TGAGEE, its successon er,d ass~gns, may, w„ho:,~ r:o~~ce ro the ASORTGAOR, dea! wiih such successw or sutcessor in ioterest with reference /o th~s
-r.,•tyagc and the debt hereby setured in the same ma~•~e~ as w~th tA~rtg~gor .r+thout in any way vitiating or dixharging the Mortgago~s' liability here-
},~r or~upon tl:e debt hcreby sew:ed. No sa'e of ~i•e Frernis:~s h~•~eby rnortgaged ard no forkxarante o++ 1he part of the MORTGAGEE or its suctesson
as::gns and ~o exre~sion of the time for ~he payme~.t of the debt herebY secured given by the MORTGAGEE or its successors or assigns, shal~ operafe
c re!ease, d~xharge, modify change or aHect the crig~nal {ie~~I~ty of the MORiGAGOR herein, either in whole or io pa?t.
10. It is speufically agreed tha: t~me is of tha esser,ce of tf,is contract and that no waiver of any obligation hereunder or of the obligafion se-
cured Fk:reby shali at any time thereafter be held to be a wa~.er of the !erms hereoi or of the instrumeM secwed herby.
11. In add:t~o~ to rhe iorego'n9 mor:th?y paymur.is of oc~nc ~al and :nrerest reyu[red by the p~omissory note secured hereby, mortgagor eovenants
d ag:ees to pay to r*.o~tg~gee w~th rach mu,~hly pay~ae:~t an ada:~~onal svrn est!~,•ated b~~ mortgagee to be equal to 1;~12 of the an~ual cost of the follow-
A-A!I real property taxzs levied or assessed ogai•~st rhr above descr~brd rea~ es~ate. '
6-Prem~u:ns on f~re and windsto~m ~nsura~:.e as iie~cin requ:red to be carricd on the im~roveme~ts situate on the above desttibed premises.
C-Prem;~ms o~ such ~:e•tgage guara~,ty ;r.s~~a:•.e .n mo~r~rgee shail iro~r ~ rre +o time deem fit to carry on the ban secured hereby.
~ Mortgagee sh;ii from ti:nr to t~^-.e norify mort;;agur ~n w~it~ng of fhe an,ou~t d~e and payable hereunder and such sum shall thereupon be due and
f ,::b'e on tFnr due da~e oi the ~~exr monthly ,:ayment and each successive ~.:o^th th~reaft~r urtit mortgagee shatl notify mortgagw of a change in such
~ -~~~v. Such svms sF.ail +~e app(ied by morrgag.~e toaard ~he payme~~ of real property tnxes, insurance p~em:ums, and `rtwrtgage guaranty insurance
. ~
i ~~~;!ums.
IN 1YITNE55 `l.'HEREOF, tne saed MORTGAGOR has hereu~to set his hand and seal the d and year first ,~f~t
$igned, Sealed and delivered in the presence of: rf~
! ~ +n
- - ,Ianes . a Zon .q
- ~ se+q
- Q ~e . a on ~~n
- - ~3 • -
S"~7E OF fIORIDA ~ '
SS.
~OUNTY OF St. Lucie
Before me personally appeared Jases T. Stal10D aod
n ct ~ 1 i pn his wife, to me well krawn and known to me to be
individuals described in artd who executed the foregang instrument, and acknowledged before me that tF~ey exetuted the same for the p~rposes
rh~:-ein expressed_ And the said Nelene R SLd110II -
~:~e of the said _ .JSIDQS T. Stalion _ ~P«, a separate ~nd priv+te
~.am~natio~ by me taken sepa+ate and apan from her said husband, acknowledged to a~d before me that she exetuted said instrumeM freely and volun-
e-:i~ and wrthout any comp~~lsion, constraint, apprehens~on, or fear of or from her said husband. 74
WITNcS: my hand and offic~a! seal this___-~~- day of ~ay , 0. D. 19
~ ~ •
~ Notary Public in and for the a of florida at l~rye
My Commisia~ expires: 1 r~'~ O• 1~
h Retum To: • ~
~;rst federal $avings 3 loan Assotiation ~
Of Fort P:erce. :
..~~uu~~..~. . " {
Fort Pierce, florida E - '
f ItE~i R ~"rj. r,~~ -
~t~o ~~o ouM~r~~~. • '
f . Wep ~?E~
po~t*a/t??f ~t •_f . ' ~ = :
s l ti.
t~ I~~~~V~1 YO~ ' 4,, ~y s•`- M • _ i i
This Instrument Prepared By Wrs . J. 'o rbes ~~F VER'~~E~ ~ ~
;~/,Q : c:' ~ ~i
First Federal S avings b. Loan Associa tion I I E C O R
O ! r V
of Fort Pierce , Florida 33450 ~ ~ ~ ~ y ; . p . L~p • v=
~ ? •
~i "1 ` = ~ :
Checked By ~ i ~••s'~`~ r,
n ~~3142~ - .
~
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