HomeMy WebLinkAbout1576 3. To placa and continuously keep on the kwi!dings now a hereafter ~ituate on said land and on ali equipment and personally covered by this mottg-
e9e, with all p~rmiums ~hereon pa~d in Iull, fire ins~rance in rhe usuat standard po!~cY torm, in a sum app~oved by the MORIGAGEE, and w~~~ds~wm ~
~nsuraace in ~he usual s~andard potrcy iam, in a wm approaed by the MURTGAGEE, tuch compaoy or comp+o~es ai tht MORTGAGEE may
d~reu; •nd all fira and w~ndstorm insuranca po~~ues on u~Y o( sa~d bu~id~r.gs, any interesi ~herein or par~ Ihereoi, in ~he agg~r9a~e sum afwesaid w
in extess Ihereoi, shal~ contain the uwal atandard mo~tgagee clause or such o~her c~auss as tM Mortgagee may requi~e. maMing 1he ioss under ta~d po~F
cies, each and every, payable to sa~d MORiGAGEE as ~ts inlrrest may app~.ar, end esch a~~d eve~y such pohcy shall be promptly au gned and de:ivered to
eny hetd by said MORiGAGEE as iurrher securi+y to sa~d ~nungage debt, and, not less ~i~an ~e~ (10) days in advance of ihe ezpirat~o~ oi each policy, ~o de-
t~ver to said MORTGAGEE a renewal thereof, toyrlher with a rece~pt fo~ Ihe p~en~~~m oi such renewal; and Ihere ~hall be no f~re or windsto~~n i~suranct
placed on a~y of sa~d build~n9s, any inrerest Ihcre~n w pa~~ ~~~a~rof, un'osa in the torrn r,nd wifh the ~oss payabl~ as atoreaaid; and in ~he eveM any sum
of money beco~*~es payable unds~ such policy w oolECies said MORiGAGEE ihall hava ~he opt~on to retaive and app~y the ~ame a+ attauN of the indubted -
s
ness srcured h~reby or tu permit sa~d h10RTGAGORS to reu~ve ar.d use it or any p~~~ thcrrot ior otn~•r uun~osrs, v.~~~~..~? ~1~=~. br •Y~s•„'3 ""Pa"'
ing any equ~ty, lien or r~ghr undrr w by virtue o! th~s ~no~'yage; and En the event sa~d MO~TGAGQRS shall fot any reason (ail to keep the said p~emites so
~nsured, or lail to delivcr promptly a~y oi said po~~a~~s ot insura~ce to sa~d MOR'GAGEE, or fail prompdy to pay fully any premium therefor or in sny
respect iai) to pertorm, d;scharye, eaecute, ef(eU, co~nplNta. ce:nply with and abide by th~s covenant, or any part h~:reoi, sa~d MORTGAGEE may plate and
pay Iw such inwronce or any Fart thercof w~thout waivcig o~ offccting any op~~~n, lien, eq~.ty, or rigM under o~ by virtue of thi~ 1~lwtgage, and tht
t~11 a~nount of each and every wch paymeN sha!! be immed~.~~ely dve and payab".e and shall bear interest from the d-ete thereot uotil paid at Ihe rate o1
~lu~@ F1e1 CCntWn Pft d~1nu~+~ J^.d tOJ?Ih^( Wifh Su:h ~n:N•csT ch3u :l'~ S~ctirro uy inc .:cn v~ :i.~a ~uv..y.,yc. .
?
4. To permit, tom~nit or suf(er rw wa:te, impainnent w dcteriorotio;i of sald p:operty w any part thereo .
S. To pay all and s~ngula~ the costs, cha?ges and expenses, includ:~~g a reawnaWe attorney's fee and costs of abstratt~ oi tiNe, inturred or paid af
~ny ti~,e by said MORTGAGfE, becausc or ~n the event of tt~~~ fe;iure on ~he pa~t of ~he soid MORTGAGOR to duly, promptly and fu~ly parform, dixharge,
:~.ute, effeU, com~,tete, cu~nply w+th and ah.de by ea.h a~~d rvery ~he st~puianons, agreements, conditions, aad covenants oi said promissory note and thif
,,orrgage any o+ e~~her, and sa~d costs, char3es ond expenses, each and rvery, sha1~ be ~m~r.adiately due and payabte; whether w not the~e be no~ice de
mand, a~lempt to cotlect o~ suit pend+ng; and the fult a~nount o( each and evrry such p~yment a6a11 bea~ interest irom the date thereof until pa~d ~he
~,.e o+ ni~e per crntum ~~r arn„a~; o~~c ai~ said costs, ci~ar3es and exr.cns•_z ~ncurred or Naid, together w~th such interest, shall be secured by the lien oi thi~
~nortgage.
6. That (a) i~ the evenl of any breach of rhis A~orfgage or derautt on tFM part of the MORTGAGOR, or ;b) in the evenf any of said s~ms of money
Ferein referrcd ro be not pro~npNy and fuUy paid witivn th.~ty :,3Q! days next a~te~ fhe same severa!ly become due and payable, without demand W notite,
; r~;) in thr event each and every the stipu~aticns, agree~neros. ca~d~:~o~~s and cuvena~~TS of sa.d promissory note a~d th~s mortgage any a either ue no1
,;y, pre•ep~ly and f~liy performed, d.schary•~d, e;~cvt,d, .,ff~•cred, co:n~ le~ed, co~~•~;::ed v.~:h ar.d ab~ded 5y, then in e~~her w any such eveM the said ag
3-~~_aate sum mennoned in sa~d pro~~~~ssory r,err inen ~emoi~~~:~y unNe:d, w~th in'~:~.t JC+f:JCd, and a:! moneys secured hereby, shall become due and pay-
e~.~ fcrthwith, or therea4ter, at tM: opt~cn of s.:~d AIORiGAGiE, as t~~,y a«:1 :.,~~~H.e~e~y as ii all 01 the said sums of money were Wig~nally •t~pulated
h~ pa'd ati such dcy, anything in s3.d ~~o~nasoiy no~a or in this l.'.ortgsyc ~o tte co~~~~ary nohv~thsland~ng; and thereupoo or therealter al the opt~a? of
s~.:l .ti~OFTGAGEf, w~+~.o~t not~ce or demar.d, s~~t at ww or in eq~ity, ~heref~~e or thcreaiter begun, may be prosecuted as if all moneys secured hereby
n. d rnatvred pr~or to ~u ~nstit~tion.
that m ~ne evem tner a~ :~e cey;n~,;,~y o, ~.,,~y _ ..ar. ~.,.~~a~n o• to forecbse it, a to refwm i1. or fo enforte
7. ~ a' ~,~.......y^ a~.~ . . _ . k~}!
.:..^e~~nt any c~e:ms !~e'e~:~der, soid L10RTG:.v_~ sna:~ .,~:pi; to the Co~+t h,~n', ~v.sott~on tnereet ior inc dppu~ntuirni vf o RaCZ:+2s. 3:::~s CC:::! s.._..
, :.~+n a~,po~nt a rrce~._~r o* s.:~c1 mortg~yrJ p~c <<t; a~: a:! e:~:gu`.ar, ~ar.~~:J ~y and sMgv~ar the income, p~ofds, issues and revenues from whatever
s_ _::ia:~ved. each a~,J ~•very ut wh,ch, tc~^g ~~E;ress'; u~~'j`•:s,.;..:i. ~s -c-~e.. "~rg,g~! as ~f spet~licatly set fath and desuibed in the granting and
:~,,dum c~avse> her:~•~f, end s~ch Receiae: sh.+:~ +a eI~ th~ uro~d r:d e"•ec':•e~ f~r.c.c:u and powers in anyAOise entrusted by a Gour1 to a Recriver, and
s, cn appointme~~t sh,i' i~r rr.atie by s~ch Co~+{ as ad:~u't~~d rqui;y a~~d a r a~:er ai abso;u~e rigfit to said MORTGAGEE, a+~d withaul reference to the
a•.!~•ao~cy er ~~~adaquac ~ o( the vaiue of ti+a prc~e~tr mortg~ged or to +~+e so ncy or ~~:.o{veney of sa~d MORTGAGOR w the defendants, and that sueh
,~.rs, prof~ts, inco:ne, ~ssves and rrvenues shat~ br ap;.~~~d uy sucn Rec•:~+e~ occord~ng to the lien or equity of said MORTGAGEE and the p~adice of such
:OUf}.
8. To duty, prcmFt:y and ful,'y perform, d~schrrge, exe;ute, eF}ect, COmD~ctC. CJ~'~Y~~ v:~th and abide by each and every the stipulations, sgreements,
c_rdit;ons and covrnants ~n sa~d p-omissory note a:.d tirs cn~rtgage srt fort6.
9. That in the eveM the orvnersfiip ot the mo~r~aged pre-~~ses. or any part tnereof, Leco~nes vested in a person other than the MORTGAGOR, the
:"JRTGAGEE, ~+s wcceszc~s acd ass.gns, m~y, w:rhou~ ~c~.~e to ~he .'•ORTG%-JR. dcat w~sh wch successor w successo? in interest with reference to this
~ o~tgage and rhe deot hereby secured in the sa+:~e marncr as w:~h '.lortgago~ nrtheut in ant way vitiati~g w discharging the Mortgagors' liability herr
.•~.dcr or upon the debt hereby xcvred. \o saie oi !t:e F~e nises hcreby -nortgag~d ord no iorbeara~ce on the part of the /AORTGAGEE or its suttessws
..r .+ss~gns and no extension of the tirtie icr ~he payment ot the debt herrby secwed g~ven by the t10RTGAGEE or its tuccessors w ass~gns, ahall operate
~o re~ease, d~scharge, mod~fy change or afFect the o~ig~na! liab~r,ty of the /~tORTGAGOR herein, either in whole or in part.
10. It is spec+fi,aliy agreed tha~ time is of the essence of ~h~s contracf and tha~ no waiver of any ob~igation hereunder or of the obiigatan st
cwed hareby shali at any time thereafter be he:d to be a wei.er of the !erms he~ecf or of the instrument secured herby.
il. In arid.~~.:-~ •o tF,e {e,.:ge.,~ ,,;~crh'. ,~,~.^~,r:~s of ai~d i~:r..;,;• requ.red by the promissory no~e secured hereby. mortgagar eovenaMs
.,s}-ees ro poy ~o c,or*~+~:ee v.~~h rac~ ~rc.+.}, ;;,.:,~-~~~r an ~r~•~ ;:o~ea' s~~n es! ~_t.d by mo•~gagee to be eq:,ai to 1/12 of the annual cost of the follow-
A-Ai! reai pro;.crt~ t3res ~ei~ec cr asses:•d ag+~•~s! tne ~cove des!•~^.td +_al estate.
i a
B F~_~:~. ~^s o:~ ~~;d w:^ds!o-~.: ~cs~:-.vi ce ~s r q.,-red tn b, c i r~ ~he ~m. proveme:its sit~ate on the above described premises.
~ C--Pre~r~v:•~s o^ wch n,ort j,ge gvara~~v ~~•su*a: ce ~s <<:o'r~egee stia'! fro~r t^e to time deem fit to carry on fhe loan secured hereby.
~ h~o:tg~gee sti~ `.~:•~n iime to t~ %e ncT~f.; merty,sg~r n r.'~~~ng of the r.:°.o;,nt du;~ and payable hereunder and such sum shall thereupon be due and
.~'e on ~tr_ ci.;~ d~~~e of the ne.f •::o~t~:, ~.;y~.~.~~er ,:~;d e,c~: success:.e <<o~:th the~er. ifer umi! mortgagee s ha l l no ti fy mor tg a g o r of a eha n ge in sueh
,•,nr. Such sums sFa': L•e a~.F.iied 'oy ~~.crrgyc;ee !o:..~ :i ihe paymen! of rea! property ~axes, insurance prem;ums, a~~d mortgage guaranty insurance
'.:'E ~•.~UTS.
';JITNE55 :"/HE ' , rhe sa:d 1f.OR7GAGOR has hcrc~:~to se' i~~s ha~~,d and sea! the day and y first aforesaid.
gned Seale nd de vRred in the presence of:
an
~ -
- Hen y s ,q
~ ~ ~ t C~LL
` / (Sea4
_ - Carol L. Spe tsES4
:"~TE OF fLORIt~A ~
St. LuCie u•
; >,;'.TY OF ~
Henr Cla S eas a~d
Be(ore me persor.alty appea~ed ~P--- - -
Carol I.. ~@d5 his wi?e, to me well known and known to me to be
_ ~r,divid~als descr;bed in and who g~cecuted t for~oin instrument, and atknow:edged before me that they executed the same fw the purposes
l.aZ01 -Erc~dS
•e:n expressed. d the said
AAenry L`~ay~peas _„PO~ a separate and private
. e of tha said
nar:on by me ta4en separate and apart from F:er said husband, acknowledged to and before me that she executed said instrumeM freely and voluo-
f ard w~tho~t any compvision, const~aint, apprehens~on, or fear of or from her said husband.
`.Ylit._SS my h~nd and offiual seal thr ljth--- - day ~y A. D. 19 74
Z ~ - ~ -
Notary Public in a w the S of Fbr' at Large
~ My Comm~ssion expires: l ) ~
Return To: ~~R / •n- ~ ~ ~
F:nt f.3eral Salings 3 Loan Associat:on
p4 FoH F crce.
rort Fierce, F:~rida
f,~p At~L ~tE~~ : . . ~ • .
. J?
~'~~v
p1TAAS " •
This Instrument Prepared By John W. Collins C0F0 ~Ei~ftf0 C~T - :'•~~~r, ~
First Federal Savings 8~ Loan Association ~tf.C : _
F l orida ~
of Fort Pierce ~ ~ { ~ 9 OQ ~ - • . - - -
~ ~.a : A I .
Checked By ~ I '^;c:,,- . v•-~`` -
~'~=~~~~~A~~
• ~ 4
. F~~~ .
rY ~2~ PACE~574 ~ ~
>
_ _ - ~
- , :
. . ~ , :