HomeMy WebLinkAbout1999 i~
3. To place and ca+tinuously keep o~ ~he bu~'•d~ngt now a hcreaiter siwats on s~id land ~nd on ell equipme.-.: and peno~ally covt~ad by this mat9-
sge, wilh all premiumi therea? pa~d in full, fire insuran~e in ihs wual •~andard po~~cy form, in • sum ap~owd by ~he MOR(GAGEE, and windstwm
ensu.~nce ~n 1hs ~sual s~andard po~~cy tam, in a sum approved by ~M 1NOQIGAGEE, in such compaoy w canP+^~q ~s tM MORTGACsEE m+y
directt and aU firs and winds~orm iniurancu policie~ oo any of wid tuiid~ngs. ~ny inte~eat ~herein o~ part ther~of, in the aygre9a~a wm ~for~wid a
in exceu Ihereof, shaU con~ain the usual srandard mo~tgagee c{au~a or tuch oiher dauas at ~ht Mo+i~agrs may requ~~~. ~kinp the toss ur~ ~a~d po~i~ .
c~es, each and every, payable to said A10R1GAGEE as ~u ~nter~~s? may sppear, and each a~d every ivch policy sRall be p~ompNY +ss.yned snd delivered ~o
any held by wid MORiGAGEE ~t lurthar ~ecurity lo said inor~gage debt, and, not lest ~han ~en (10) deys in adva~Ke of the expira?ion of e+ch pol~cy. 1o da
I~ver to said MORTGAGEE a renewal ~hereof, ~ogether with a rece~pt for the p-e~r~um of such renewal; and thers ihsll b~ oo f~r~ or winda~o~~r insur~nc~
pleced on any of said buildings, any intere~t therein or par~ ~F~ereof, un!ess in the form and with ~he lois payable as aforesaid; snd in the svent any sum w~•i
of mwcey becanes peYabte under tuch policy w policies sa~d MORiGAGEE slwtl have ihe opr;o~ 1o receiv~ and apply 1hs san?e oe ~ccount of the indebted- ~
ne~s fecu?ed hereby or ro permit ssid MORTGAGORS te receive and use it a any part thrraol ior othrr purposes, v.~thour th~n b~ waiveng o~ ~mpair- ~
~ng any rquity, lie~ w right under or by virtue of this mo:'qage; and in the even~ sa~d MORTGAGORS shall fa sny ?eawn f~il to keep the said premises so
insu~ed, or fail fo deliver promptly ~ny of said pol~cies of insurante to aaid MORTGAGEE, o~ fait promplly to pay fulty any promium there~o~ or a^Y •+r'
re~pect fail to paForm, d~scharge, ezec~te. e(fect, ton+plete, comFly wiih and ab~de by ~h~s covenanr, or any parl hereof, sa~d MORiGAGEE msy place a~d
pdy fa tuch inwrance or any part thereof withoul waiving or affecting any op~~on, lien, eqwty, or rigM unda a by virtue of this Mwtgage, ~nd 1he
fvll amount ot each a~d every such payment shall be immediately dve ar.d pay•~ble and afiall bear interrst from the date the~eof until poid at the rate ot
n~r~e per tentum per annum a~d ~o~ether with suth ~nterest shaG se:ured by the I~en of this mwtgage.
1. To permif, tommit or sufier no waste, impairmenl a deteiioration cI said pro{x~ty w any part lhereof.
5. To psy all and singulu the costs. <harge~ and expenses, including a reasonable at~orney's fee and cosn of abstract3 of titls, incur?ed w paid at
any time by sa~d A10RTGAGEE, becausc or in ihe evem of the fa~lure on the of ihe sa~d MORTGAGOR to duty, prompNy and fully per(orm, d~uhargq
_xecute, effect, ca*~p~ete, comply w~~h and ab:de by each and eve~y the stipulai+ons, agreemenri, condi~ions, and covenanls oi said pran~sso~y note and thii
.norrgage any oa ei~he?, and sa;d costs, tFwrges and expenses, each snd eve.y, shail be immed~alely due and payable; whelhe? w ~01 ~here be nol~ce ds
mand, at~empt to co+lett w suit pend~ng; and ths full amouro o4 each and every such payment ihall bear interest i~an the date thereof ~ntil p~id at the
~:,+r of n~ne per centum par annurn; and aif said costs, cha~gas and ca~•c~~sas irxu:r~d or pa;d, together w:!h such iNere~t, ihall be secured by the lien oi thit
mortgage.
6. Tha~ (al in the event of any breach of rhis Moitgage or default on the part of the MORTGAGOR, or (b) in the event any of sa~d sums of mo~ey
herein referred to be not proinptly and f~lly paid within thirly (30) days next a!ter !he same seve~aily beco~~e due and payable, withovt demand w rwtite,
or (cy in tl+e event each and every the stipulations, a9reemcnts, condiiions and covenaMa of sa:d promiswry oote and th~s mor~geye +~Y o~ e~~he~ ~re no1
i~!y, prompHy and fully performed, d:scharged, executrd, eifected, cwnp~ered, cen,p!~ed v.~th and a~ided by, then in eaher o~ any such e~en1 1he said ag-
g-egata sum mentioned in said pramisso~y note then remaining unpaid, with inte~rst actrucd, and all moneys seeured her~by, shsll bKOme dw and pay-
ab:a fcrthwith, w thereafter, at the opt~on of said MORTGAGEE, as fully a~xl completeiy as ii all of 1he said sums of money were orgi~a~~y stipulated
ro Ne pa:d ~n such day, anything in sa:d prom,ssory ~ote or in this Rlertgage to ihe contrary notw~thstanding; and thereupon O_• lhereaftet at the option of
s~'.d MORTGtiGEE, w~rhou! no+~te o~ dcmand, w+t at law o~ in equ~ty, the~eiore or thereaffer begun, may be ptosecuted u if all meneys seeured hereby
n;d matured pnor to ns instil~t~on.
7. That in the evenl rhat at the beginnirx~ o~ or at a~y fime pending any surt uFwn t~~~s Mwtgage, w to foreclose if, or fo refo?m if, w to enfwce
c.:~yment of any cfaims hereundef, sa~d MORTGAGcE sha;i apply to the Court ha+n~g ;ur~s~!:uion theieol for the appoinfinent of a Receiver, such Court shall
~!~~..vith appoiM a rece~Ve~ of s.~:d ~r:ortgaged pfoH•_rt~ aii and sicgu!ar, inc.~ rg a~l and s~~~gular ~ne incon:e, proi~ts, iu~es and revenues from whatever
s_~r;e derived. each and every oi which, ~t beir.g e~.pressly underssoo3, is t:e:_by mor~gaged as if spec~fically sel fwth and dexribed in the gqntiag and
},':;er,dum dauses herrof, ard such Receiver shalt ha~e at~ the broed and ef±ect~ve Ilnc'.ons and poweu in anywise ent~usted by a Court to a Reteiver, and
>_ch ap{wi~tment shaH be made by such Court as an admitted equity and a ma~ter oi absolute right to said MORTGAGEE, and withoul ?eierence to the
_~_yu~cy or i~adequacy of the value of the p~operty m~xtgaged or to rhe so~vancy or inso:vency of said RAORTGAGOR or the defendanri, snd that suth
_~~s: proiits, income, issues and reven~es shatl be appiied by such Recmvei accvrdm3 to the lien or eqvity of said MORTGAGEE and the practice of such
Court.
8. To du1y, p.omptly a.x! ful!y perform, discharge, execute, effect, comp~ete, co:npty wilh and abide by each a~d every the stipulations, sgreements,
c nd~tions ar.d cwenants ~n sa~d p:omissory note and th~s mortgage set furth.
9. That in the e~e~t tt~e ownership of t1w mortgaged pre~nises, o~ any par? thereof, becomes vested in a penon other than ihe MORTGAGOR, the
:^RTGAGEE, its successors and ass~gns, may, wiihovt nohce to ti~e ~.'•ORTG.~OR, dral with such successor •w svcceuor in interesl with reference to this
o~rgage and the c~eb~ hereby secured in the same manner as vn~th ~lortgagor without in any way vitiating or d~xhargirg the Mortgagors' liability herr
~ d.~r or u{»n ~he debl hereby securc<!. No sale of d~e premises hereby mortgaged ard no fwbearance on the part of the MORiGAGkE w ite s~ccesson
c~ ass~c~ns and no extersion ot the time for the payrr.ent of the debt h_reby secured given Dy th~ MORTGAGEE or its successors w assiyns, ahall operate
o re~ease, d.scharge, modify change or affecl If,e o~iginal liebi::ty of the 1.'~ORTGAGOR herein, either ie whok or in part.
10. h is spec~fically agreed that t~me is of the essence uf this contract and that no waiver of any obligation hereunder or of the obligafiot? sr
a:red hereby shaft at any time thereafter be hetd to be a waire: of th~ lerms hereof a of the instrumeM secured herby.
11. In ,dd,!:e~ ro it.e for~c ng mon'~~.~ pay~~o~,ts of p~~+x';:ai and inrerest reGu~red by the prom~swry note secured hereby, mortgagor eovenants
~ d a~~ces to aay to ~no~tgagee v.~:h each monrh~y pa~~ :rN an ad:l:r~ona! su~» ~s~~:~~ared b~ rrortgagee to be eqoal to 1; 12 of the annual cost of the follow-
A-All :cal p~nprrty ta~cs iev~_:: or assess=.d .•G::~is: thc ai~ove a]escn':c'd real es:otc.
B-P:~~~,~~~ms on fue and r:i^dstorm ms~rarce as he~e~n rrqc:red to be carried on the ~m~rovemeats situate o~ the above described premises.
i -
I C-Prem~~~ns en svch mortg-;ge g~ararny tcwian:e as ~ro-tgagee shail frcm t me to t~me deem fit to earry on Ihe loan secured hereby.
C Mortgagee sha•i from tima to t~n,e ncrif; mo.tgagor m v.nhng of the an:ou~t d~e and payable hereunder and such s~rn shall thereupon be due and
CC ~.a::!e o~ tfie dve date of the next -no^~h:y payment and etich successwe rnomh thereafter ur,tit mortgagee shall notify mortgagor of a change in such
~ ount. Such wms s~~ali be applied hy merrg;g-:e to:~ard !h~ paymenf of reai property taxes, insurance prem:ums, and mortgage guaranty insutance
. •e~~~:umS•
I Y1ITNESS R~OF, the said .'.ORTGAGJR has hereu^to ser nis hand and snai the day and year first aforesaid.
ed ~d sEiiver in e p~esence of: -
~ GI~,C.~~lv -•~stl'~ (c.s4
- - Wirliam mes q
. ~ ; / ~ Sea4
~ ` Dor i s IGe me s r~,q
, .
~",+T'c OP fLORIDA ~ ~
SL , 1.11C18
:JU`dTY Of ~
Before me personaliy appeared Wllll~ ~YIDBS attd
DOZ15 Kerises his wife, to me well known and known to me to be
f~~e individuale described in and who exec~ted the fwego~ng instrument, and acknowledged before me that they executed the same fw the purposes
r'r,~rein expressed. And the said ~Y15 ~l'me5 •
:::'e of the sa"sd wll ilam ~YmQS upon a separate snd private
=.,minanon by me taRen separate and apart from her said husband, ackrwwledged to and befwe me that she executed said instrumeot freely and volun-
~~y ar.d wrthout any compulsion, constraint, appr e~sion or fear of'~hom her sa~d husband.
`JVITNESS my hand and official seal this_ day ~ , A D. 19 74
- e 1 >
~ • FILEO Ay0 RECO Notary Public in and or the tate of F da at larye
ST. WCIE C011NTY A, My Commission expires: ~,y~ _~y ~J~
ROG"eR POItR46~
Rew~~ To: CLERK CiRCU1T ~OURt
~;rst Federal Savings 3 toan Associat;on pErpRp yrc}e~ED..~~' ~~~~~i~~~~
Of Forr P.crrce.
. :
Fort P~erce. F:cr~da M~r 10 3 PN'~~ J~'`~ V`" :
~ ~ .
'S~v i~, .
2~R~551 ~ - ` R p ~
: : r -
This Instrument Prepared By John W. Collins ~ =
First Federa! Savings ~ Loan Association - ; : ;o~ C ~ _
,
of Fort Pierce ~ Flor ida = ~ R' ~
: ^ ~ . , ~
•
Checked By ~ = ' • = ~
•i
QQ ~27 PAGE~~~ ~ js
P~f~
~
f : ;
~
` v" Y
. ~ ~ .