HomeMy WebLinkAbout1322 J. To place and conti~uously keep on the bui!dingf now or he~eafrer ~ituals on said land and on +II eqvipm~nt and perwnally covered by thi~ mwt¢
ege, with all premiumt therea+ pa~d in full, t~re ins~rance ~n tM usual s~a...iard po~icy fwm, in a sum approvsd by th~ MOR~GAGEE, u+d winds~am '
~nsurant~ in ~M uswl ~tandard pol~cy (wm. in a sum ~pproved by th~ 1NORTGAGEE. in wch comp+oy or tomPanies at tM MORTGAGEE m+y
dirccr, and all lir~ and windi~o~m insurance polk~as on any of sa~d buildmp~ +ny i~ter~st tl+erein o~ put therwf, in tM +ggrep~te ~um afp~said or •
in eacesi IF+e?eof, shall conuin 1M u~vsl s~andard mw~gagee dause w such o~her cleua~ IMYMutp~~ msy ~equu~, ma?~~p ~wi sa~d po~M ~f ~
ues, each and every, payab~e 1o seid !?~ORTGAGEE as ~ts in~e~est may appear, ani! each and ever such licy shall be promptly us.gned u+d detivered ~o
any held by sa~d MOR(GAGEE as turiher iecwity ta sa~d mwrgage dab~, and, no~ less than tcn (10) day in advance of ~he oxp~~ation oi exh pollcy. 1o dH
I~~er to w~d MORTGAGEE s renewal thereo(, together w:th a rece~pt (or the premium of suth renewal; and thers tMll bs no fire o~ windslorm insurant~
placed on a~y of said bv~ldings, any intereat Ihere~n w parl ~hcrrof, unles~ in ihe lorm and wifh ~he loss paYable as aioresaid; and i~ tM event ~ny sum
ot money brcomes p+Yab~e undrr such poticy a poi~cies iaid h~ORiGAGEE shall Mve Ihe opt~on to reteiw a~x! applr 1hs s+me o~ +«a+^~ of 1M indebted~ `
reu srcured hereby d ro permit sjid MORTGAGORS to receive and use it w any part thsreoi for other purposes, wilhout thertu~ waivi~y o~ ~mpair•
~~g any equ~ty, licn or r~ght undar a by virtue ol th~s ma:'gage; and in the even~ +a:d MORTGAGORS shall fot sny reason fail to keep the said premius so
~:,s~red, a fail to de~~ver pranptly any of sa~d pol~uca ol insursnce to said MORiGAGEE, or fail promptly to psy fully any pranium the~elor p in a~Y y- ~
resueu fail ro per~orm, d~scharge, e:owte, eifed, comple~r, comply wi~h and abide by this covenant, w any part hereof, taid MORTGAGEE may plsce and ~
E~a, Ior such insurance or any part thrreof w~~hout waiv~ng or affeding aoy' option. lien, equity, or rigM u~der a by virtue of this Mwtgage, +nd tht
amount of rach and e~ery such payment ah~l1 be immediately d~e and paYab~e and shall besr iNeresl from the d~te lhcreof until paid at the r~te ot
e prr cent~m Z~er annum and to3ethrr xi~i~ su~~~ ~nfriaar snaii ne sz.u~e~ t~y tna i~c~, 'v# tk:f r..Ct:g3^ye.
I. To permit, rnmm;t w sufier no waste, impairmenl or deterioretion oi said property or any part the~eof• °
5. To pay all and singutsr the costs, charqes and expensea, includ~~x~ a reasonable anorney i(ee +~+d costs of ibstracts of 1itk, incurred or paid +1 i
~n; ~i~r,e by sa~d MORiGAGfE, because or m the evero of the failure on the pa~~ of the said MORTGAGOR to duly, promptlY and fully perform, d~tcharge,
.=,cute, effect, comp:ete, co~npty wah and ab.Je by eacfi snd every the stipulatioos, agreements, cond~~~ons, and covenanli oi said promissory nots and thif
,,;:-rgage any or e~~her, ar~d sa~d costs, cha~ges and expenses, cach and every. ~hall be ~mmediately due and paysble; whethe? w no~ ~here be not~ce da
a~~d. attempr ~o coilec? w svit pend~n9; and ehe fuH amo~m of each and eYe~Y sucFi Pay'^~^~ thalt bear intereat from ~M date thereof ~ntil paid ~t the
n;r~ per crnfu~n prr anuu:n; a~d ail sa~d cosrs, char9es and expenses i:xurred w paid, togathe~ with suth iroerest, shall b~ tetured by the lia? of thq
~~wrgage.
b. Th~e (a) in the event of any breach of Ihis Nb~tgage o? default o~ the part of the MORTGAC,OR, or (b) in the event soy of said wms of money ~
here~n retened ro be not pro~~prly and fufly paid wi+hin th~rty (30) days next arter ihe same seve~atty becane due and paysble, withou~ dem+nd a notice.
cl tn the e~ent each and every the s~ipu~ations, agreemeMS, cond'+tions and co~enaros of satd promiswry note and th~s mortga9e a~Y a e~~~ ~~e no1
j, i, ~.ro~np~Iy and f~i;y perFwmed, dscharged, eaecuted, eifected, completed, con~pl~ed with and abided by, then in eithH w any such eveM the said a¢ ;
3a~e sum enention2d in said promissory rwte then reR:aining unpaid, with in~erest accrued, and all moneys secured hereby, iha~l become dve snd pay- i
a:~ torthw~th, or thereaftar, at the op!ion of sa~d MORiGAGEE, as fully and complete~y as if ap of the said sums of rtaney were pginally s~~pulated k
h~- pa.d or~ such day, any~hing in sa:d pro~nissay note or in thi~ Mortgag> to the cwurary ~o~withstanding; and ~hereupon w thereafter at the option of
s,.3 MORiGAGEE, w~ihevt notice or demand, suit at !aw or in equity, therefore or thereaiter begun, may be prosecuted as if all moneys secured hereby
r,:d mawred pnor to ~ts institWion.
i, inai in ii.e everii ~~a~ a~ ~~~e .`•eyd,:: :..y : S ~r a*. ""^a""' 3^Y 4'-"± ~ti's Mnrtqaoe, or to foreclou it, or to reform it, or to mforte
.•,ent of any daims hereundrr, said A10RiGAG~E s~atl apply to the Cour~ ha~ing junsd:cr~on ti~ereot ior the appo~ntmeN of a Receiver, suth Covrt shall [
r~,.~rh appolnt a rece~ver o( said mortgaged prope~ty all and si~gutar, i~c1~Kl~ng oll and s~nyular ~he income, profits, iswes and revenues }rom whatevN ~
s~•cr drrivrd, each and every of wh:ch, it being rxpress!y understood, is hereby mertgaged as if speufically set iw~h and dtstribed ir? the ytaNing and ~
t,i.end~m c!avses hereof, and such Receiver shaN ha•.e ali the broad a~d effect~ve ic~xe!ons and powera in ~nywise entrusted by s Cov?1 to a Rtteiver, and
s_cn appoimment shall be made by such Gourt as an ad:nitted equity and a rca~ter of a~sofute right to said AM1ORTGAGEE. ~~d withoul referente to the
a,_'-~y;ucy o? inadequacy of the value of the pro~urry mortgaged or to the seiv~ncy or msolventy of said MORTGAGOR or the defendann, and that :uch
,<•~fs, profits, incorne, issues and revertues shall be applied by such Rece~ver a:cord~:,g to the tieo or equity of said MORTGAGEE and the practice of such
~JUfL
8. To duty, promptty and ful!y perform, discharge, execute, effect, comptete, comply w~~h and abide by each and every the stipulations, agreements,
~d~ticns and covenants +n ca~d promisso~y note and sh:s m~:tgage set forth: ~
9. That in the event the owr.ership of ihr mo~tgaged prem~ses, or any part thcreoi, become~ vested in a person other tha~ the MORTGAGOR, the
r: ;,RTGAGEE, its successors and ass~gns, may, wi~h~,t no~~ce to the A10RiGEOR, deai wrth such succeuo~ or successor in interest with refererxe to fbis
-•o-tigage ar,d tFe debt Fereby secured in thr same manaer as wi:h 1.tiortgagor withovt in any way vitiating a d~scharging the Mortgagors' liability here- `
~-:icr or upon the deb~ he~eby secured. No sale of the ~ren~~ses hereby ~rw:tgaged ar.d no Iorbearante oo Ihe pa:t of the MORTGAGEE w its suceessors '
cr ass~gns and no extens~on of the tir+e fs the payrnent ef the debt hereby sec~red grven by the MORTGAGEE or its successwi w assign3, shall operate ~
ro re~ease, d~scharge, moclify char.ge or af'ect the orig~nat iiabddy of ~he MORTGAGOR herein, either in whole w in put. ~
10_ It is spec~ficaily agreed that t~~ne is of the essence of this contract and that no waiver of any ob~igat~on hereunder or of the obligation M-
c~red h~reby shall at any time thereafter be hetd ro be a waiver of the terms hereof or of 1he instr~meM secured herby. ;
ll. 1~ a:id.f:e~ to the~forego' ~g mo~th•y pa~m_nt: of prir.c"pal and inter~st required by the promiswry note setured hereby, moregagor eovenants I
;••d agrees ro pay to mo•tgagee with each monthiy payrcent a~ add~~ional sum esumated by mwtgagee to be equal to 1 ~12 of the annual cost of the follow-
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A-Atl r.:-af F~operr~ taxas levied or assess~~d aga~•isl thc above dascnbed real estate.
S--Fram~u~as on fhe and windstonn insuracce as herein requ~red to be carned on the ~mprovemeats situate on the above destribed premises_ ~
' C-Pre n~wns on s,.~ch mortg ~ge 9vara~,ty irsura~:ce as mo•t~agee shaii 'rcm t me to time deem fit to carry on the loan secured hereby. ~
Rlwrgagee sfia:~ f~om time to ti ne netify rr.orrga~cr ~n v+rStiog of tfie a~:,o~nt due and payable hereundrr and such sum shatl thereupoo be due and (
i ;.:b'e on the dve dat~ of the ~~ext mc nth! y payn-ent and e3ch successive ma~tie thereaher ur,til mwtgagee shall notify mortgagor of a eharge in sueh ~
~ - c~„nr. Such sums shail be applied 'ey i.~ortga3ee tor a~d ihe payment of rea~ p+operty taxes, ins~rance prem:vms, and morigage guaranty insurance ~
~ :ums. , ~
~ IN \11TPJfSS WHEREOF, tne said MORTGAGOR has hereunto set his hand and seal the day a e~r first sf id. }
i
~ $;gnecl, Sealed and deiivered in the presence of: • ' ~
[ , - ~ u9 e q ~
~ -C? (Ses4
dna Cardwell ~~,n
S'=.i: OF FLORIDA ' CC
JJ• ~
~:,~.~n oF St . 1_ucie _ i ~
Befae me personally appeared ~uQ1aS D. Carc~?ell and ~
E('117a CaTdMel.l I his wife, to me well known and known to me to be ;
t'~,~ individuais desvibed in and who executed the foregoing instrument, and ackrsowtedged before me that they executed the same for the purposes
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~%:_~e:n expressed. And the said Edf1a Card3well ~
{e of the said - ~uQ1aS COrC~e11 - upon • separate and privste
_-~:nation by me taAen separate and apar: 4rom her said husband, acknowledged to and before me that she exetuted said instrument freely and voluo-
~~~~y and w~thout any compulsion, constraiN, apprehension, or fear of ot from her said husband.
:YIiNESS my ha~d and oif~c~al seal th~s_ _'13th day of `~a ' , 19 74
~ ~7 ~ ~ .C4 C
~ • Notary P~blic in and for the 5 of F dY st lar~e
~ My Commiu'an expires: ,L
Return To: l r
iirst Federal Savings 3 loan A:sociat:on ~
Of Fo~t P e.cc. f LEO AND RECOR~. :
Fort Pierte. floriJa f~. (~.fl(~Njr rlA. ~ \ yy~ J~~~~~~~~ ~
RocER ~aRa~s v~: F;-s
C~ERK CI~CUI7 COURT .
RECORDYfRIFtfO _ Q :~>~~8?',' ~ :
This tnstrument Prepared By Robert A . ~?isher r : ? : ~ ~ : r :
~0 20 ~'7~ . , . ~ , -
First Federal Savings & Loan Association =-'1': ~ -
of Fort Pierce , Florida 33450 = -
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?v.,~ . . : ;
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Checked By I~~9Jr ,c'~~R;pA
'j'... i 11N`~~,,
BOOK2(.~ PACE1e32Q f - ' csw
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