HomeMy WebLinkAbout2543 3. To plue and cont~~vously +:eep on the bui!d~ngs now w hereaf~er ~~wats o~ said land and on all eqvip~nent and pe+sonally covered by this mort¢
ege, wi~n all premiumi thercon pe~d in 1vU. hre insu~a„ce in ihe uwal s~andard po~icy (orm, in a sum approved by Ihe MORtGAGEE, a~d windstam
~nsurancs in ~he u~ual •tandard pol~cy form, in a aum app~ovcd by ~he MORTGAGEE, in tuch canpany or ca+~p+n~es ~s Ihe MOR~GAGEE may
d~rect; and ~II iire and w~ndtitorm insu~ance policrcs on any of said build~~gs. eny intereat Iherein ur pe~t thueof, in Ihe aggreyar~ ~um ~laesaid w
in exc~ss theroof, ihall contain tho uiual standa:d ma~yagee dause w svch o~her clause ss ?M Mo~~gagee m+y reR~~n. maAing 1he loss under sa~d po~i~
c~es, each and every, payable to said MORTGAGEE as ~~s interrs~ may eppea~, and eac~ and every such pol~cy shatl be promptly ssa gned and de~~~ered ~o
any held by uid MORiGAGEE as lur~her sewrity ~o sa~d mw~gage drbt, and, not tess tfian fen (10) days in advance of the e~cpiration of each poGcy, to da
~~ver to uid MORTGAGEE a rertewal thereof, togc~har with a receipt 4or the premium of such renewal; and ~hero shail be no fi~e w windsto~m insurante
placcd o~ ~ny of ssid buildings, any interesl 1he~e~~ a psr~ thereof, unle3s in the for~n and with the loss payable as aforessid; and in the evenl any s~m ,
of money becwnes payable under such polity or po~~cies sa~d MORiC,AGEE shsil have tF~e optwn to receire and a~,gly 1he sartie o~ acca+^~ of 1he i~debfeo-
^.ss setured hereby or ro permit aa~d MORTGAGORS ro receive and use i~ w any part ~hercof for osncr purposes. ~viihout Ihr~rur wai~ing o~ ~n+pe~~-
ing any eqviry, lien or righl undrr or by virtue of •his mo:7~age; and in the event w:d A10RTGAGORS shall fw any reason fsil to keep the sa~d prem~trs w
~na~red, o? tail lo de~iver prompfly any of said po~~cies of insurance to sa~d MORIGAGEE, or fail promptly to p+y ~ully any premium therefw w in a~y
respect fail to perfwm, discfiarge, eaecu~e, eifect, comp:ete, comply w~th and ablde by th~s cove~an~, a any part hrreof, said MORTGAGEE may p~ece and
pay fw s~xh insurance w any parl ~hereof wahout waiving w affec!ing any option, lien, equity, ot right under w by vir?ue of this Mongage, +~d 1ht
t~Il amouM of eath and e~ery such payment shall be immediately due and payabte and shall bear interest from the date lhercof until paid at the raro of
r,~ne per cenwm per ar.num and to~e~hcr ~vith such inte~esr shaG be :acured by the ~~en of this mortgage.
4. To permit, commit w eutfer ~o waste, impairment or detrr+oration of said property or any part the~eof.
5. To pay all a~d singutar the costs, charges and expenses, inilud~ng a reasonable anwney's fee and costs of abstractt of tide, incurred o~ paid at
any tiine by said MORTGAGfE, bxause or in the event of the (a~lure o~ the part of ~he se~d MORTGAGOR to duiy, promptly and fu~ly par(wm, diuharge.
~xecvte, effect, complete, tomply w~th and ab.de by each and every the stipulat~ons, agree~.ients, cond~tions, and covenants of said promissory ~.ute and this
,,orrgage sny or e~~her, and sa~d costs, charges and expenu~, each and every, sha11 be immediately dve and payable: whether w not the?e be ~wt~ce de
n,~nd, attempt to tolled or suit pend~ng; and the ful{ amount e,i each and t~ery such paym.ent shalt bear inte~est from the date tF+ereof until paid at the
~.•r.• o! n~ne per cen~~m µr annu.~.: and aii sa~d cosra, cha~ges and exper.ses Irxurrrd w pa~d, ~ogethe: w~th such interesL shall be tecured by the lien ot thN !
~
mortgage.
6. That (a) in the evenf of any breach of this Mortgage or deiault on the part of the MORTGAGOR, or (b) 7n the event any of sa~d suma of nwney
F,~re~n referred to be not promptly arsd fully paed wirhin th~rty (30) days next a~ter the sanx seve~atly bccane due s~d payable, withoul demand w notice,
~r (cj in the evens each ar:d evrry the stipulahons, agreementi, cond~tions and covenants of sa:d promisso~y note arxl this mortgage any w eilher are not
i~Iy, p~wnptly and fully performed, d uhargcd, ezzcuted, effectrd, completed, compGed vnth a~d ab~ded by, then in either or any such eveM the said ag
grcyate sum mentioned in said ptomissory note then remaimng unpa~d, with imerest acu~~d, and atl moneys secuted hereby, shall betome due and pay-
e~ e forthwith, o~ thereafter, at the opt~on of sa~d A10RTGAGEE, aa 1u~iy ard completeiY as ii aft of ~he said sums of money were orig~n+~~y stipulated
ro be pa:d on such day, anytking in sa~d pro:n~ssory note w in this Mwtgage to the contrary notwithstanding; and thereupon or therea{ter at Ihe oplion of
s,:d MORTGAGEE, without nonce or demand, suit af law or in eqwty, therefore or thereaiter begun, may be prosecuted as if all mw?eys setured hereby
n_d matured pr~or to ds institution.
7. That in tfre event that at the beyi~ni~lg of or at any time pe~ding any su,! upon t1~is Mortgage, o~ to fweclose it, w to reform it, or to enfo?ce
payment of any ciaims he~eunder, said ~dGRTGl:GEE shai! apply to the Cou~t havir.g ~ur~sdict~on thereol for the appointmeM of a Receiver, such Court shall
ic~fhw;th appoim a.eceiver of said mortgaged proprrty alt and singular, inc~~cl~ng ail and s~ngular fhe income, p~ofits, issues and reve~ues irom whatever
s_~v•ce derived, each and every of wh~ch, ~t being eapressey unde~stood, is heieuy mortgaged as if specificalty set forlh and destribed in the graming and
habendum cln~ses hereof, and such Receiver shal~ have a!I the broad and effective fur.ct.ons and powers in anyw~se entrusted by s Court to a Reteiver, and ;
s_ch aopointment shall be made by such Court as an admi~ted equity and a n•aner of absolute r~ght to wid MORiG.?GEE, snd without reference to the
a~+eq~aty or inadequaty of the va[ue of the ~operty mortgaged or to the so.w=ncy or ~nsoivency ot said MORiGAGOR or the defendants, and ~hat such
r~ms, profits, income, issues and revenues shall be appiied by such Recerver accurd~ng to the lien or equity of wid MORTGAGEE and tF.v pracfite of such
Ccurt.
8. To duly, prompt!y and ful!y perform, d~scnarge, execute, effect, complete, comply w~th and abide by each and every the stipulations, agreements,
=or.ditions and covenants :n sa~d promissory note and this mortgage set forth. -
9. TF.at in she ever,t the ownership of the mortgaged premises, or any pari thereof, becomes vested in a person other than the MORTGAGOR, the
4•^RTGAGE~, ita s~ccesscrs and assigns, may, wishout not~ce to the MORTGhOR, deai wi~h svch successw w wccessor in intercst with reference fo this
e•rgay~ and the dtbt !.ereby secvred in the san:e ma«ner as with P.lortgago~ w~thout in any way vitiating a discharging the Mort9agors' liabi~ity herr
~ d~~. or upon the debt hereb~ secur K1. No sa:e of il:e Fre~n~ses hrreby mo~tgaged and no forbearance on Ihe part oi the MORiGAGEE or its successws ~
o~ ass~gns and no eate~sion of rhe timr {or the pay~rent of the debt hereby securrd given by the N10RTGAGEE or its successo?s or au~gns, shall op~rate ~
ro re~case, d~uharge, modiiy cnar.ge or a'fed the orig~rri liab~iny of the MORTGAGOR Ixrein, e~ti~rr in whole w io part. ~
10. It is apec~ficaliy acreed that ti~ne is of th? essence of t{~is contract and Ihat no waiver of any obligation hereunder w of the obl'gaYan sr ~
c~-ed hereby sha11 at any time thcreafter be hcid to b? a wa~ver of the terms hereof or of the instrumem zecured herby.
11, In a;iJ.t;c, ro the Foregc"n~ ^=~~rh'y pdy:n;nts of pnr.cpa! and i~ue.esr requ~:ed by the prom~ssory nore secured hereby, mortgagor eovenams
,gr~es to pay ro mo-tgagee v.ith each mon~fiiy pa~rnent an add~~ionaf wm es~~••~ared b/ mortgagee to be equal to 1 j 12 of the annual cost ~f the follow-
, ~
A-Atl real property taxes lev~ed or assessed agai•~st th•- above described real es~ate.
g- F;,,n'~.;/'~~S on 1've and w~nds~o+rr ,nsu~a~~c~ as here~n raq~:red ro be carned en th~ i~nYroveme~ts situate on the above dex~ibed premises.
I C-Pre~rivn-s on such mp:tc~3~e guar3ntf :r.<_ura~:ce as mart~agee shaU fro:r s me to ti~ne deem fit to carry on the loan secured hereby.
~ Morrgagec s%.a'~ from r~:ne to t~~rr ~ot~~y ~"O~tyd'~Or ,n wrfr.ng of the dr•OJ'1T d~e and payable hereunder and such sum shaU thereupon be doe and
~ ,.,b:e on the d~e dare of ~F~e ~~ext n:onth:~ ~,aymenf and e:~ch s~ccessive nonrh thereafter unti! mortgagee shall notify mortgagor of a change in such
~ ~vnr. Such sums shail be app'~ed by mortgjg-re :ov:ard the pa~mem of real property ta:es, insurance prem,ums, and mortgage guaranty insurence _
..~~~ms.
Y~ITP~tSS 1'+'HEREOF. the said NURTGRGOk has hereunto set his h3nd and seal the day and year first aforesaid.
igned, Seal d e~ed in the pr~sence of:
~ ~ ~,J t~_~ (C.a~ i
~ " rov ~ r~ y ;
(Seeq :
! ~ sean i
- - am , . ra i
~
,
; a?E OF FIORIDA 1
t ~
~:~UrdTY OF -~t • ~..UCle_ 1 '
TTOV W. ~70W(1V and ~
Before rtx pe+sonally appeared
Pa'~1 , nTaWC~V his wife, to me well known and known to me to be ~
,..a individuals desc+ibed in and who executed the foregoing instrument, and acknowledged before me that they executed the same fw the purposes
r'r=•ein expressed. And the said Pam n70W~ -
'e of ihe said -_-__--~rS?.~_~ • ~Ta~~~Y - ~pon e separate and private
nat~on by me taken separate and apart from her said huaband, acknowledged to and before me that she executed said instrument freely and voluo-
and w~thout any compu'sion, tonstraint, apprehens~on, or fear of or 4rom her said husband.
Y~ITNESS my hand and offiua~ seal sh~s____?Zn~ d of_ 10 ' _ A. D. 19 74
` ~ /7 ~ ~ ~ ~ , -
' Notary PubGc i and for t State o orida af larye
/ ~
My Commis;ion eapires: ~ _I~
Retum To:
F~rst Federal Savings 3 loan Associat;on
~~~~~nl~ .
Of fOrf P:nrCe. c ~~1/~~/
Fort Pierce. Florida OROEO ~ . ~U
fllE~ ^ REC ~ ~ F::',, .
e,lt ; tY f tA. , ~ : . ~-.t:
~
sT. LUC~E uOUN : . . ~ ~
ROG~lI ^rG17R?~S ~ „r •~i~.-~A '
CLEFiK Cif:::U1T COUat , ; ~vv -
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This Instrument Prepared By RfC~R~` ~=``~FIEO n` - .
- v ; `'ris : ' 'r~~' ~
First Federal Savings & Loan Association ~ u t`.~~:"
.
of Fort Pierce 09 PT! ` ~i : p • y.'v ~ _
'°~p p`~
Checked By ~ `~R~~A2 ~ ~~.9F~~ . .
o. 't ,
p~rLi 1 PAGE254~
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