HomeMy WebLinkAbout1084 J. To plac~ and continuoualy keep on tM bu~idinys now or hereafrsr ~~tuat~ on said land and on all aquipm~nt and pe+son+lly covered by thii mat¢
ags. wi~h ~II premivm~ thereon pa~d in full, fire insurance ~n tM us~ai s~e~dard poticy torm. in' a ~um nPp~w ~d~~n
~~RT ~GE~R GAG E~tm~Y _ .
~nsuranct In ~M usual s++nda.d pol~cy la~+~. i~ a sum spp~oved by ~M MORiGAGEE, in ~uch canpa Y
d~rect; ~nd ~II {ir~ u~d wind~torm insuronce policies ~n +ny of said build~ngs. ~ny inte~est therein o~ p+rt thereof, in tM +99reyaq sum ala~a~d o( _
i~ lIiCQ!! II1t~lOf, shsll contain ~he usual standard ma~g+yee c~ause w such other dause as ~h~ N1w~p+8~+ m+Y rpu'u~, mak nqaih~ ~ ~rv~ed ro
c~es, each and svay, paYable to ~aid MORTGAGEE as its intcr.:sl may appear, and each and eve~y such po~~cy ~hall be promP Y 4
eny held by said MORTGAGEE as further secu~ity to said o~o~tyaga dab~, and, not less ~han ten l~0) d~ys in advance of the eap~~+~~u~ ol each pot~cy, to d~-
I;_er to ~aid MORTGAGEE a renewal ~hereof, to~e~her w~th a recc~pt (w 1he p~e~n~um ot such rencwal; and ~hen iMll be no f~ro o~ w~nds~orm insuwoa
placed on ~~y oi said buildinqs. any interest therein o~ part ?hereof. unie?s in ~l~e fonn and with 1he Icu payable a~ a(o~esaid; and in ~he evenl any sum
ot money becomes pavable ur.de~ auch poGcy o~ pul~cies said MORiGAGEE shall have iha opt~on to recei~e and +pply t??e s+n+~ o^ +ccount of the indabted~
ness secwed Mreby w ~o permit said MORTGAGORS to receive and use it w any pa~t thereo( ior o~her purpo~es. ~v:~hou~ 1h+r~br we~v~n9 0~ ~~~+Pa'~• ~
ing a~y puity, tien w right undcr or by virtue of this mo:tga9e% a"d the event w~d MORTGAGORS shall fa any ~eawo fail to keep the said premises io
~nsvrrd, w fai! to deliver promptly sny of said po~~c+es of insurance to sa+d A:ORTGAGEE, a f~~~ promPdY ~o P+y fully any {uemium therefa w~~ +^Y I
r~spect fail ro perForm, d~scharge, execute, et(ect, tomp~ete, compty w~ih and abide by this covenant, a aoy pa~t he~eof, said MORTGAGEE may piace +~d
pay for suth insuronce or any part thereof without waiving or affetliog ~ny op1~a+. ~~en, equ~ty, w right under or by virtw of Ihis Mortga9e. ~nd ~hc
f.,1; amouM of each and ever;• such paymero shell be immediately due and payabte and shall bear interest from ths d~tt thereof until paid st the raq o1 ;
,•;.e per ceNum per annum a~d Io~ether with such interesr shall be s~cured Uy the i~en of thi~ mortgage. i
1. 1o permil, tommit or su~fer no waste, in:pairment a deterioration of said property w any W?1 lheroof• i
5. To pay all and singular the costs. char9es and expenses, includ~ng a reasonabk attorney's fee and cos~s of abttracts of title, incuned or paid ~
,~y ~fine by sa~d MORTGAGfF, because or in the event of the ia::ure on the part of ~he sa!d MORTGAvOR to duly, p~o~~p~~y and fully per(wm, d~scharge.
_~~c~fe, effecL complete, comply w~tn and ab:de by each and every the st7pula~~on~, agreements, conditions. and coven+nta o1 said pranissory no~e and ~h~s ;
,,orrgage ~ny or either, and sa:d costs, charges and expenses, each and every, shatl be im~ned~ately d~e and payabte~ whether a not there be notice ds
~„~~,d, at~empt to colkcl or wit pend~r+g: and the full amouro ot each and evcry such pay~x~n~ shall bear interest from the date thereot vntil p~id at tM
oi nine per crnt~m per am.um; ane' all said c~sts, charges and eapenses ~ncurred or paid. together w~th such iNerest, shall be setured by tM lien of Ihu
r.,o~tgage. '
6. Tha1 (a) in ~he event of any breach of this lNortgage or default on ~F~ part of the MORTGAGOR, w(b) +n the eve^1 any of said sums of money
hereln referred to be not prompdy and fully paid w~thin thl.ty (30) days next a'~e~ the same severally become due ~nd WY+b~e, without dem+nd or no~icQ•
;:r (c) in the event each and every the stiputations, ag~eemen~s. cond~t~o~s and covenaros of sa~d pron+~uo?Y rwte and th~s mortyage ~~y or e~~~+e? +fe ~
i~.y, pranptly and futly performad, discharg~d, execvted, effected, cornpSeted, co~:pfied v~~th and abided by, thM in eithet w+ny svth eveM 1hs sa~d aQ
g-~ga'e sum rrwntaned in said promissory note the~ reTa~ning unpaid, with interes! actrued, and all mo~eys sKUrod heroby, sha~l become dw ae~d WY'
ac'e forthwith, or thereaftcv, at the ophon of said MORTGAGEE, as fu11y and corr.plctely as if all of the said sums of ~~Y'~reafter ~Mfl~s~pu~ed
h~ t.3:d en s~ch day, anything in sa:d promissory note or in this Mortgagr to the cororary notwithitanding; and thereupon
sa;d h10RTGAGEE, wi~hout nouce or demand, suit at law or in eqwty, the:efore or t't,ereafter begun, m.sy be prosep+ttd u if all money~ sacu~ed hereby ~
n.,d matured p~~c? ~o iis institution. ~
7. That in 1he event that at the kxginning of or at any tiine pe~dirg any su~t vpo~ this Mortgage, w ro faectose it, w ro rofwm it, or fo enfmt~
payment of any cla~ms hereunder, seid MORTGAGEE shall apply to Ihe Coc~t hav~:,g ~ur~sd~d+on therrof for the appoimment of ~ Receiver, svch Cou„ sMll ~
;r!h..ith app~int a rece~ver of said morlgaged p~o~::ity all and si~g~lar, ir.clvcl,ng a;1 a:d singular tlx income, prohts, issuei and revenues fram whatever ~
sowce derived, each and every of wh:ch, 1t be+ng express~y undetstood, i: hereuy mvrfgaged as if speuf~cally set fu~h and dew~bed in ~he 9ranting and i
h>bendum tlaoses hereof, a~d such Receiver shali hav.: all the Fxoad and rfiecr~vr tunc!.ons and powe~s in.anywise entrosted by ~a Court to a Receiver, and
s~.,:h appointmem shall be made by suth Cou~l as an admitted equ~ty and a n:atter of absolute right to said MORTGAGEE, and without ?efereoce to the
ed~qvacy o? inadeqvacy of the value of the property mongaged or to the so~~ency or u~soivency of sa~d MORTGAGOR or the defe~+dams, and that such
re•~rs. pro(its, income, issues and revenues sha11 be applied by such Receiver ac.ord;:~g to the lie~ or equity of said MORTGAGEE and fhe practice of fvth
Court. ~
8. To du!y, promptfy and ful~y per(orm, discharge, execu~e, e(fect, com.pte!e, cor.:pi~ with and ab~de by each snd every the sfipulations, agreemeMS, ;
c::nc~~t~ons and covenants in sa~d promissory nose and th~s roortgage set forth. '
9, iha! in the eveM the ownershlp of the mortgaged prem~ses, or any part tiiereof, Eecomes vested in a pe?sw~ other thsn the MORTGAGOR, ths t
•,^RTGAGEE, ifs wccessws and ass~gns, may, wirhout norice to the lRORiGAOQ. deal w~~h svch tvcceuw w succeasor in interett with reference to this ~
~ o-sgage and the debi hereby secured in the aame manner as with ?Aortgagor w~thout in any way vitiatirg or disthar9ing 1ht Mwtysyurs' lisbility hera
_ cl_~: or upon i1~e debt hereby secured. No aa!e of the prem~ses hereby mortgaged and no (orbeara~ce on the pa~1 of the MORTGAGEE w its sutcessas
~ss.gns and no eate~sion of the ~ime for the payment of the debt he.eby sewred given by the NIORiGAGEE or its wccessors a auigns, sha1~ operste
~.~:..ti,.,,. ,..~..i~f~ •~hanne or aftect the origi~sal IiaoiFty of the MORTGAGOR txre~n, either in whole or in pa~t.
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10! It a spec~ficatly .agreed that time is of the essence of rhis contrac~ and that no waive+ of any ob~igation hereunder ot of the obligstio~ sr ~
cu-ed heroby shall at any time thereaiter be held fo be a wa~ver of the terms hereof or of the instrument secured herby. i
t l. In add~tion to the forego:~n Ton:h!y paym:nes of p~~nc'pal and inferest requ~red by the promissory nore secured hereby, mortgagor covenants ;
~ ag-_es !o pay ro mo:tgagee vv~th each monthly pay~r.ent an add[~ional sum esnmated by mortgagee to be eq~al to 1/12 of the annual cost of the follow-
A-All real property taxes =evfed o~ assess~d against the above desc~~bed r~al estate. ~
B-Premiums o~ fire artd v+indstorm msurar.ce as herein ~equ~red to be carried on the im~roveme~h situate on the above desuibed premises. i
G-Premiums on such mortgage guarenty ir.surar~ce as mo~tyagee sha~l frern rme to nme deem fit to tarry on the ban secured hereby. t
1:!ortgagee sfiail 4rcm time to t~~~e nc~~fy mortgagor ~n w.iting of ihe amount due and payable hereundr? and such sum shall thereupon be due and t
-:b`e on the due da!e of the next ~:~o~thty pay:nent and e~ch successrve mo~~h thereaitcr urtil rtwrtgagee shalf notify mortgagor of a thaege in such #
rance em:ums, and mw~gage guaranN inwrance
nt of rea~ ~o rt taxes, insu p~
~,!nt. Such sums sha~l be applied by rnortgagee to•r:aid the payme p p~ Y q
ums. k
~ IN ?YITNESS `NHER~OF, the sa:d MORTGAGOR has hereunto set h~s ha~zd and seal the day and year first afo~esaid. , ~
Siyned. $ea.~d and delivaed_in the p~ese~ce of: ~
~ a s
c,~ sie ~1. Lanier, ma rrie a t ~
~ rs"q r
i
-(Seaq
~':.TE OF FLORIDA ~
u ~
, ;U'dTY OF St . Lucie ~
Elsie ~1. Lanier, a married adult ~c
Before m,e pe?SOnaI{y appeared -
, to me well known and krwwn to me to be
~~.e ;ndiridual desv~bed in end v+ho execu~ed the forego'u~g instrurr+ent, and acknowledged before me tMi ~he executed the same fw the purposes
eF.erein expressed. 1
)i
_..~,;catnri by. ~ ti:ow;.parat..n1-a~a.~-fwR~l~er se:~lw,absnd-sckne+~ladge~~o ~nd-befwe-enl-thar sNe ~exe~vred'SStd fnsTra~nenr Aee1y~ vtfAAl-
~ .y ~wd~ w~f»w-aw~r eow~puls;ar,-censtra;nr, ~p~~ orfear ~f- erfn~rtrt~rssid iWStraf1~~ ,
:YITt3ES5 my hand and offic~al seal th~s_ day of ~~a A. D..19 74
7 ~ .Qi
tary Public in and for the State Fbrid t larpe
` y Commiuion e~cpires: n ~y
Relum To: i ~~~y
Fi.sr Federal Savings a loan Association
Of Fort P~erce. .~1 ~ . .~•~~y~~~s!~•,
Fort Pirrce, Florida ~ECO~O~ • ~ { r•°,
FILED ANO ~ ' '
ST.~UCIE COUNTY FIA. f . ' %
• ItOCER P017RA5 ; t E' ~ F= ;
CIRCWT COURT ; ' ' =
~fEA~FIEO ~ ~ ~ °
This Instrument Prepared By Robezt A. S~(~~ ~
First Federal Savings 8~ Loan Association ~ A
Flotida 33450 9 2` ~~'1~ C 1 E.•~
of Fort Pierce, : • ;
~
G~`''••..,.••• ~
'.i ~ ,
Checked By ~ ~~S
c..+
d00K PACE 108~
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