HomeMy WebLinkAbout2236 3. To place and con~inuously teep on ~ha bu~~d~~gs now w hereafter ~ilua~e on sa~d land and on all equipmsnl +nd perso~+~~Y ~o~ered by ~his mott¢
ye, wilh all premiumi ~herea+ pa~d in fu~~, f~re insu~ance ~n the usual seandard po~~cY (orm, in a su~n approved by ?hs MOR(GAGEE, and w~~~am
~nsur~nc~ i~ ths ~sual itandard polay fam, in a aum ~pprovad by the MORTGAGEE, in such companY w con+p+n~es as tM MORTGACsEE m+y
direclj and all iirs and w~ndstorm insurance poi~cies on any of said buitd,nga. eny +nteresl there~n or part the~eof, in the aggreyeq aum alatsaid w
in excess thereoi. ihall conrain 1he usval s+andard mongagee c~auie w+uch o~her clause as the Mortgagaa msy requ~re, ~+awi~p ~he ~oss u~de~ ia~d poli- . ,
cis~, t+ch and every, psyable ~o said MJRTGAGEE as ~ts interest may sppear, a~d each and every ~uch poiicy sh~ll be promptly sss g«ed a~d de~ivercd to
sny held by said MORiGAGEE as iurtha~ security to said mortpage debt. ~nd, no~ ~cs~ ~han 1en (10) days in advancs of ?ha expir~tion o! each poiicy, to dt
I~~e~ ~o swcd MORiGAGEE a re~ewal thereof, toge~her with a reteipt fp the pramium of such rerxwal; snd there shall be no firo or windslo~m insur+nte
placed on any of :a~d build~ngs, a~y iMereu there~n w part ~hareof, unless ~o rhe ionn and wi~h liie ioss yayat:~e at ataeaaid; ar:d *'n ehe e~en~ +~y
of mw~ey become~ payable und~ such policy or pol~cias sa~d MORTGAGEE ~hall ha~e rhe optan ~o ~eceive and apply the same on atcounl of the indebtcd-
ness secured F?ereby or to pe~mit said MORiGAGORS to reteivs and use it w any part the:^oF lor othcr purposes, .v~~hou~ th~rco~ wai~i~ig w~~~~pe~~'
ing any pviry, lien ot right V~de~ or by virtue of this mo:tgeye; and in the even~ sa~d MORTGAGORS sFwll {or any reaso~ fail to keep the said p~emises so '
~nsu~ed, u fail lo deliver p~omptly any of said po~icies of insurance to ~aid MORTGAGEE, w fail promptly to pay tully any prem~vm therefa or in a~y '
reipect fait ro perfam, d~acharge, execute, ef(ect, comp~eta, comp~y with and ab~de by this cove~ant, w ary pa~l ha~eoE, said MORTGAGEE may place and
pay fw such insurence or any pa?t thereof w~thou~ waiving a afiecting any opt~on, lie~. equ~ty. or righ~ under a by virtue of this Mw~9age. +nd ths
f~it amounl oi each and eve.y wch payment shall be immed~ately due a~d payable a~xl ahall bear interest from the date thereof un~il paid at the rate o1
nme per centum per annwn and to3ethe~ ~~ith such interes~ shali be secured by the lien of this mortgage.
To permit, commit or auffer no waste, impairment or deteriorat'wn of said ~ope~ty o? any part thereof.
S. To pay all a~d singulsr the costs, charges and ex~nses, inctuding a reasonabfe attorney i fee and cos:s of absuacts of title, incurred a paid at
nry time by said MORTGAG:E, because a in the event of the ioilvre on t{~e part of the ~aid MORTGAGOR ro duty, promptly and fully perform, d~stharge,
execute, efietl, comp~ete, comply w~th and ab:de by eath and every the stipula~~ons, agrerments, conditions, and covenants of said promissory note and this
:r.or~qage a~y oi e~rher, a~id w~d costs, charges and rxpenses, cach and every, sha~l ba immed~ately dve and payable; whe~her a not ihere be no~Ke da
mand, aitempt to collect w suit pend~ng; and the full amount of each and every such payment shall ixar interes~ from the dste thereof un+~1 paid at the
~:~~e oF n+ne per c~ntum per an~ium; ar.c a~t said costs, charges and eape»ses ~ncurred or pa~d, together w~th such iMerest, ahall be setured by the lien of this
mortgage.
6. That (a) in the event o( any breach of th;s Vlo~tgage or default on the part of the MORTGAGOR, w(b) in the event any of said sums of money
herein referred to be not promptly and (ully paid w~thin thuty (3~) days ncxt aher ~he same severatly beco~m due and payable, withoul demand w notice.
or !c) in the event eath and cvery the stipulations, ag~eements, condit~ons and covenants of sa:d p~omissory note and th~s mo+tgage any w tithe~ ~re nol
~~~I~: promptlv and fullv oerformed, d'scharged, executed, rifec~ed, comp:eted, co~np;~ed w~th and abided Sy, lhen in either or any such evenl the sa~d ag
gregate sum mentioned in said prom~sswy note tlxn remaining unpaid, w~tn ~nterest accrueci, and a~i rnunrYs ic~ur~ here~'r• s!~~=: ~':~""z d'== a"d ~'y'
ab;e forthwith, w thereaitcr, at the opTion of sjid MORTGAGEE, as fully and completely aa if all of the said sums of mcney were aginelly iGpulated
ro be pa~d on such day, anything in sa.d pro:n~ssory note or in this Mortgayr ro the co~~:ary notwiths~anding; and thereupon or lhereafter at the op~~on of
:3:d MORTGAGEE, w~thout nonce or demand, suit at law or in equity, therefore or therealier oegun, may be {xosecuted as if all moneys secuted hereby
c,d matured prwr io its inslitutio~.
7. That in me event tnaf at ti,e t~y+rn.t~~g ~f ar at az~ t::re pe•^•di:~ any s~~~t u~+c+~ this Morrgage, or to foretlose it, or to reform it, or to enfwce
~a;ment of any c+a~ms he~eunder, said :~URTGF:G~E shali apply to the Cour~ havi~:g ,u~~sd~ttion ~hereof tor the appointment of • Reteiver, such Covrt shall
F~~+n.rith appolnt a re:e~ver of said mortya3ed pro,:• •ty a!! a~d sinqula~, irclud,ng o;i a~id singutar the income, prof~ts, issues and reve~ues trom whatever
s. ~rce derived, each ar.d every af wh:ch, it be+ng express:y unde~stcocl, is hereby mertqaged as if spec~(ically set fo~th and deuribed in the graNing and
h~t;endum cla~ses hereof, and such Receiver sh.+il have all the broad and efiec!:~e fvnct:ens and powers in anywise entrusted by a Court to ~ Receivtr, and
s_ch appoiroment shai! be made by such CouN as an odmitted equity and a matter of a!.soiute right to said MORiGAGEE, snd without ?eterence to the
acieqvacy or inadequacy of the value oi the property mor~gagec! or to the so~ve~xy or ~nsoivency of sa~d MORTGAGOR a ttx defendams, and ~hat such
~,•s, profits, income, issues and revenues shafl be apptied by such Receiver aaord~ng to the lien or equity of w=d MORTGAGEE and the practice of suth
Co~rt.
8. To duly, p.ompt:y and fully perfo~m, discharge, execute, effect, complete, con:~,l~r with and abide by each and every the slipuiations, agreements,
~cnditiens and covenants in sa~~ promissory r~ote and this mortgage set forth.
9. That in tfie c~eM the ownershlp o( the mortyaged prem~ses, or any part thereof, Eecomes vested in a person othe? fhan the MORTGAGOR, the
:~R?GAGEE, its wccessors ar.d assigns, may, wiihwt not~ce to the V10£TGAOR, deal w~th such successw w suttessor in inte?est with refereote fo this
•~d eh~ deyt hereby secured i~ the same manner as w~th l.lartgagor without in any way vitiating or distharging 1F~e Mortgagors' liability hert
.,.•~~y~
~i_r or upon th~ dabt nereby srcured. Nu saia of the prem~ses hereby mortgaged ar.d no forbearance on the pan of the MORTGAGEE or its successors
or ass~9~s and no exrens~on of the tim< for ~he payment of the debt h~~eby secured given by the MORTGAGEE or as successors or auigns, ahall operate
ro re~ease, d~scharge, mod~fy char.ya or atfect Ihe or~g~nai liabllrty of tne MORTGAGOR herein, either in whok o? in part.
10. It is spec~4icaily agreed that r~ne is of thr essence of tF.is contract and that no waiver of any o6~i9ation hereunder w of the obligation se-
cured h.:reby shafi at any t+:r~e th~reafter be hetd to be a waiver of tAe !erms hereof w of the instrumeM secured herby.
11. In a:i;i.tt~, ~~o th~ .'orego'~e,7 r:.cnih'y ;:ay:n~nrs of p~i:~c ;.al and i~,+eres~ requ~:ed by !he prom:ssery nore secured hereby, mortgagor eovenants
-_i agrees to aay to n:n-rq,y.~e ..+?h :~a:F n•cnrF~ y parr.-:rnt an add~r~onat sv+n es•:^:a!ed by mortgagee to be equal to 1;'12 of the aanual cost of the follow-
A-All rcal YIOFf~if tsxes :ri~_v or ass_ssed aga~•ist th_ aoove deic~r~~~d rtal es~ate.
6-~re~r.~u~ns o~ t~re a•.d w~r,ds'or~n +nsurarce a, h~•re~n requ,red to be carrled on the improveme~ls situate on the above dascribed premises.
C-Pre~-:i~ns on s_ch mo<<g;ge guaranty ir.ivrar~~o as matg.~ye^ shail frcm t:me ~o time deem iit to ta+ry on the loan setured hereby.
i Mortgagec sh.~ : from +~~::a to r: -•c nor~fy n:o~tyago• m v+r~t:ng of the a^oum du~ and payable hereund~r and such svm shall thereupon be due and
i ~
,~hle on rhe ciue ciaf•~ of rh~ +~exr ~„o~ah:~ caymenr and each successrve mo^.th thereaft~r until mwt a ee shall not~fy mortgagor of a change in suc
~ -,~nt. S~ch wms sF.all L-e app4ed b~ mor!gay~:e ~ov.ard the payment of real property taxes, ' ance pre bms, and mortgage guaranty insurance
~c •n:ums.
I~ Y~ITtVESS V~NEREOF, rh> sa~d h10RiGAGOR has hereu•~to set tiis hand and sea) the a year a said.
. ~ig Seal and detivered in the presence of:
{ ~ ~ ~ 7'C~ - Seaq
' Cl t M. (SeaO
~ cs~n
~ -
GYiselda S: C X (s~aq
S~:.TE OF fLORIDA
S5.
C~7U'dTY OF St. Ll1C~e _ I ~
Before me personally appeared RObQYt M. COX a~
-s-1~~ :
Glciselda S COx hSs w~fe, to ' i~n• Arfo me ro be
, e individuals descrihed in and who executed the foregoircg instrument, . and acknowledged befwe me that thdY:', ~j~M~iiD; fq~f~ purposes
- . . . i
~ Gr iselda S. Cox ~ ~ ~ % ' ~ • Y
rh~,rein expressed. And the said ~
Robe=t M. COX ° a~ r~~ ivate
:..t~- of the said _ - ~•~J~!~~, ' 1} ~ W
=.am~nat~on by me take~ separate and aoart from her said husband, acknowledged to and before me that she exem , ~~fva1P~~ ~~~~voturt~
-~;~y and w~thout any compulsion, constraint, appr~eh/en~siyon, fear of w from her said husband. :~.'.~~,1, "~~~i :
Y~ITNE55 my hand and offic;al aeal ih~s_ - day of- v `~v`"~~'A.~`p• 19_7_~__
e~-.
~
~ ~ ~ - ~ ~ ~ ~ . .
Notary ublic in and for t Statl~ ?~Nl~rt~
9e
My Gommission expires• . / (•9 f
Retur~ To:
Fi:st Federal Savir.gs 3 loan Associat~on
Of fo:t P:erce.
Fort Pierce, florida
fILE~ ~M~ ~~E`'~'~OED
St.IUC~E ~r;uNRAS`A (
This Instrument Prepared By pOGE~!
First Federal Savin s& loan Associat~onYy R. Bllwood CLEkK v~t ~dURt
9 a~~~; ~ yEp~-~EO
of Fort Pierce, Rlorida ~ 'O ~a
` Y. R
Checked By ~w
e~j+~ 282'714
F ~G / PA6E~~ .
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