HomeMy WebLinkAbout0037 3. To place and continuously keep on the bui:dings now o~ hereafter situafe on said ~and and on ali equip~nent and perso~ally cove~ed by this mortg~
age, wlth all prem~ums thereon pa~d in futl, f'ue insurancc ~n iha ~sual srandard po!~cy form, in a sum aHproved by ~he MOR~GAGEE, end w~~ds~orm
~ns„rance in the usual atandard po'~cy form, in a au~n appro~ed by ~he MORTGAGEE, i~ such compa~y or compan~rs as the MORTGAGEE msy
d~rrcr, and all fire and w~nds~oim insurante poi~cies on any of said bui:d:ngs, any irferest therein ur part th.rrol, in the aggrega~e s~m ~taesaid or
in eacrss Ihzreof, shall contain Ihe usw~ s~anda~d morrgagee clause w such o~her u~~se aa Ihe Mor~yayee may requ~~e, mak~ng thr loas under sa~d poli-
r.rs, each and every, pay~bie to said MJRTGAGtE as ~ts imar.~s~ may app~ar, atid each a~d e~ery wch pu~:c~ shall oe promptly assgnrd and de~~~~ied ~o
any held by sa~d MORiGAGEE as iunher securay to sa~d mor~ga7e debt, and, not .ess than tcn (!Oi days in ad.•ance of ~he expiranon of each pol~cy, to da
f.e~ ~o said h10RTGAGff a rrn~wal ~hereof, ~o9ethrr with a rece~pt for ~he pren~ium of such re~~ew~l; and ~here sha?I be no f~re o~ windsto~m insurance
placed on any of sa~d b~ild~ngs, any interest there~n a part thereof, un!ess :n ~he fo~m and w~t4 ~he loss payablr .~s aforesaid; and in the e.ent any sum
ot money becomes payable under such policy or pol+c:es sa~d MORTGAGEE shall have ~he op'io~ to receive and apply the same on account oi Ihe indebted-
ness securad hereby or to permit aaed MORTGAGORS to retzive and use it or any E art t~~e:cof far o:i~cr p~r; ~ses ~•.~i~~ov~ ~h •~ru: or ,~npa~r-
mg any equ~ty, Iien or right under or by virt~e of this mo:tgage; and in the evrnt sa;d MORTGAGORS ahall fo~ any reason fait to keep the so~d p~emisrs sa '
~nsurad, or fail to drfiver proa'~Ntly any oi said po ,ues of insurance to sa:d MORIGAGEE, ot fail promptly to pay tuily any prem~~in thereior or in a~y
respeu iail to perform, d:sther~e, execute, e(iect, con~p,rta, cr,~r~plY with and abide ~y th~s tcvenanl, or any part hareof, said MGRTGi+GEE ~nay piace a~~d .
pav fw such inaurance or any part thereof w~tnout waiving or affecting any opt~on, I~en, equ,~y, oi N~ht under w by vi~tue of this Moregage, and the
t; amour.t of ea.h and e~ery such {wyment sh~l! be ~mmed~ately due and Ew~y~bte and sha!I bcar i~terest Ercm the date thereof un~il p~~d at the rate ol
r~~t tentum per a~:n~~n and tu}eth_~r ::dh s.:th ~n'<<rsr shsii t,~ srwred i~y the Gen of thi3 mortgagc.
4. To permit, tommit w sutler no wa>te, impairmtnt or d~•ter~orat~on of sa~d property w any part lhereof.
S. To pay afl and sing~lar the costs, charges and eapenses, indud~qg a reosonab~e attorney's fee and costs of abstratts of tiHe, incu?red or pa~d at
.n~ +~me by sa~d h10R1GAG.E, becavse or ~n the everv of thn fa~:~re on ~he pari of ihe said MORTGAGOR to Jufy, prompNy and fu~ly perform, d~scharge.
_.,cuta, e~feU, comp:ete, comp~y wdh and ab,de 6y each and every the ~tip~!at,ons, r~ream~nts, conddions, and coverants of sa~d promissory note and this
~-t~r.ge any or e~ther, and sa d costs, charges a~~d expenaes, each and every, shail L>e ~mmed~ate~y due and payable; whetha w not ehere be no+~ce d~
~ z• d, attetnpt lo tofied or svit pendln~; a~~d ~he lull a~nount of each and e~erV svch payment shall bear interest from the date therrof un~il paid a1 the
o' neie per c~-ntu~i~ Har o:ui~::~; ~:xi sa~d cust~, :iia~~es ~nti ~~,:e~~sca :~xurrcd or pa~d, ~ogett~er tir~th suth interest, shall Ix secured by the lieo of th~s
,,,cr igage.
b. Tha~ (a} in the event of any breach of this Mo:rgage or de~autt on tFc port ei the MORTGAGOR, or ;b) in the evertt any ot sa:d sums of money
f•en.~n refarred ro be not pro~*~Ntly ar.d 1v11y pa~d e.;th~n th;.ty (3~i: da~s next a~~or tne ~a~+~e sc.era:;y beca~ne due and payaUle, without drmand or notite,
:l in the eve~t each and every the s~~pu~ations, ag~eements, cord;t~o~~s and cove~anrs of sa d premis:ory note a~d th~s mortgage a~y or ei~her are not
i':~: prompsly and tu;fy ~erfonnrd, dsch;~ged, executed, effe.+cd, comi:".eted, co:~:p!~ed v.~th and ab;dzd 5y, then in either or any such event the sa~d ag
~;tr sum mtnt~oned in sa~d promissory nute tnrn rernaining unraid, .vith ~ntrre,t accrued, and all moneys secured t~ereby, shall betome d~e and pay-
_ foithwith, or fhereafrer, at the epT~c,n of s~id MORTGAGEE, as tu;iy ar~d co~n},:a1e'y as if all of the said sums of money were or~ginatly stipulated
pa;d e~i s~1ch d:.y, enytt.ing ~r. s-, d F:~o.~~:ssory ncee or in th+s 1~lortgage ~c tn•, conua!y not.vi~F~standing; and thereupon or thereaher at the op~~on ot
~ h10RTGAGEE, w:tl,: ~t not~ce tSc~udn~. SU~f at iaw or in equrty, ti~erefore or tt«reafte~ begun, r..:,~ be prosecuted as if all moneys secured hereby
± r,~jtured pr,or ro ns ins~~t~fwn.
7. Ihat in rhe evc~v rha+ at sne t,e~i~~~ ~~f or at any t~n,e pend~ny any sv • u;:o~ th~s ~lortgage, or ~o fo~edose it, or to reform il, or to enforce
,c•,! ot an~ c~~~:u here~::c~•~r, s~.c? :'.CiRi6~.:;'~E sha~~ aFp;~ ro tn_• Court h~::~:y ,•.::~sd.cr,o~~ thereof for ihe appo~~tment of a Receiver, wch Court shail
•,,,~h appo~nt a•~•cc.:-~r c'r sa•J ~:~o tyaaed ~ rt~ a!; a id s~~'.~v'ar, i+~ci~d ~y a' ~~~d s~~~~~~ar tt:e income, prof~ts, issues and ~evenues irom whatever
s. : • der~ved, e~cn ar:d ef~ry of wh.c!,. t~•:~.g =.H•ess:y u:.ders~ooci, ~s ~-r.::c;i n,ir:g-,qeci as ~f spec~f~cal~y set for~h and deuribed in the granting and
~~ndum da~ses her~o4, and s_~ch Recei+cr sh~ i h, at~ the broad a~~d criEC!:+e tu~ c' o::s anJ pov.ers in anywise emrusted by a Cou~t to a Receiver, and
s.._~, appoinrmenf shal: be n,ade by such Ceurt as an ad~n~:r_•d eq:.~~v 3~'~s'rer cf a^~c~ute r:ght to sa~d h!ORTGAGEE, and withcut reference to the ~
;:.,.~,:y or inadequacy oi the salue of th= proNerty mo•tgayed or tc r.x so v~.nc~r ~r ~-.~c vency o! sa~d h10RiGAGOR or the defendants, and ehat sueh
•s, profrts, incoma, ~ssues ar,d revenues shai, be appl~ed by such Rec_~~ver accor~i:~u ~o the Iien or equity of sa~d MORTGAGEE and the pracYce of such
-=.;rt.
8. To du'y, pror~pr;y and (~.ily re:fo:m, d~scharge, eRecut~, effecs, coTplete, cc~::~.i~ w~rh and ab~de by each and every the stipuiations, agreemeMS,
..!~Cns ar.d covcnants ~~i Said prom~ssoty ne!e and tii;s mo~tg.~ye set forth.
9. ?hat in the ev•~^t ~he cw~;~sn1n oi ~Fe n,ortgaged pre~~~ses, or any part ti,ereoi, cecomes vested in a pe.son other than the MORTGAGOR, 1he
: 3'GAvEF, i~s wcc~ssc•s ar.d a5s~gn5, ma~, wiihcvf not~ce to the ~~~O~iGiF'JR, dCdi ':i:IF1 such sutceaso~ or successor in interesl with reference to this
~~~ge er.d tF.c a_et hereby s~=cu~cd in tn? some r.:a~:ner as with ~::~rtyvgor x~thout in any way vitiating or d~xharging the Mo~tgagors' liability here-
r o~ ~~on tha d,Ct h~•eFtry scu~._d tdc s~e cf tt:e }reR:~ses h.v_•by ~noc!g~~rd and no fortearance on the part of the MORTGAGEE or its successors
:s~3ns and no •~xcer.s:on of the t;:-:_ fo~ fhe F;~y•r.eM ci tt~e dtbt hc~cby secured g~+en by ~he MORTGAGEf or its successws or assigns, ahall operate
.;ose, d~sclw~ye, med~fy charge c• afiect t!~e or:,.n.~i :iao;•ty of the N,u2TGAGOk here~~, either in whole or in part.
10. It is ee.~cf~:ai~~ ,,g~eed thar t:~ne ~s e! tfi•~ essence of ti~:s coniract and that no waiver of any obt;gation hereander or of the obligation sr
_~_d hareby sha!~ a~ any tirr.e thcrea`ter 'ue t:c:d to b•: a v.a~~e: of the 'errc~s hereof or of the instrument setured heiby.
11. in a~i:lTlori to v:~ for~•_7: ,n . on1F,.° ;.a::r ~.tz of F: ~~,tpa~ :~d i,r,~cz• requ, ed by Ihe prom:sscry no~e secured hereb~, mortgagor tovenanfs
.y'~es to rey tn :rp•+.~.: j?e v.~th eacF~ :_~'~rr, .,..i, er:, ~m ~~'u •._:ca~ s::-n . z~ ^..3~ed by n~orrg:~gee to be equai to t, 12 of tFe om~ual cost of the fo~low-
k
:
' A-A'•! rcal pro{~crty t3~,~ .~..-c: or _ss=s:....; , y ~~s~ th. aho.~e d^s~•i%,ed r~a~ es•are. S
6 F:~~...~.,,: on f,n, a~~d v.:,,c'.sr~ csu: c_ .,s n.,~q,,;-ed ~o ca+.:..d o~: ihe i~r.parJVeme~ts rtuate on the above dezcribed premises.
' C-Pre•~ iv~rs on s~~~ h•~•: r~g,:ac q.,a~a ~ty ~rsurar ce as mortgayee sha!I frcT ! ~•e to ti~ne deem fit to carry on the loan seeured hereby. 4
,
~ N,ortgdg~~ s~»[ f~::m r:~..•~ !c ~~e ~:o'~f~ c.crr,:.7C~ •n v~rt;ng of the ~~-o.:~t J~~~ and psyab!e hereund~r and such svm sha? tnereupon be due and
s e on fh~ d.,c ca?e of r^_- ~,et o rr ~:.~y~~•~ ~r a•~d e.:ch suco:ssive ,ror.sh tnereaiter untii morigagee shal! ~otify mortgagor of a change in such j
E ~~t S~th su~rs s~ i be ap~: r fo;.a:d ti:e payment of rea~ prcpe~ty taxes, insurance prem,ums, and mwtgage g~aranty insurance
i ~ .-~~~umS.
~ IN 1'JIT`.c~S +':HER~Cf, rne sa d ~1.ORTG.4~,OR nas h~re:,nto set h~s h3cd and seai the day and ye aforesaid
Signed, Sealed and defive*ed in the presence of:
~ y=--- - - -l y Sean
' -,~~s _y r es een ;
~sesn
~ - - C ~ ri~ _ ~~-t . - - (Seaq ~
'
~.c~~'L7~~~s? f~,!_~~!_f.~c~.,ie~ Helene S. Green tseaq
' 's
~ ~ OF FlORIOA ~ '
Indian River
, ~'.TY OF - - ~ ~
Before me person3;ly appeerea _ChaYles L. Cir@@Il a~
Helene S. Gre@T1 his wife, to me well known and known to me to be
•_~~:d~v~dua's described in and vlho executed the foregoing instrument, and acknow:edged before me that they ezecuted the same fw the purposes ~
_•e~n expressed. And the sa~d_ Helene_ S. Gzeen 3
Charles L. Gzeen v e s arate and ~vste ~
~ . . , ~ of the said - - - - - P~ eP P~
:~anon by me taken separare and aoart from her said husband, acknowi~dged to and before me that she executed said instrumeM freQly and votuo-
~ ; and w~shout any compu's~on, constraint, apprehens:oq, or fear of or lrom her said husband. Ma ,/4
~ nQ.U{r - '
~ ~'JITR:~55 m~ har.d a:d offic~al sFal tl~:s_. _--.QjQ_r'--------_ _ day of------ / Y ~d?,,;p. 19
~r. -----Z~l ~~Sl 2 - -
~ Notary b ic in and for the $tate ,o~P F~Aii~la at L~ts! -
~ 6ty Commission expires: - ; ~ ~ ~:Y~
. ~
~ Retum *o- NQT/4R'f F: "tl.'^ Sll.i~ Cf ~q • i -
kY ' ' Fl: ~J~ . ~ C
~ ~st Federal Salin~s 8 Loan Assoua'.on ~~.~+~~~~°i~'..~i~~ E>r',ifS (~T, v _
oF : v-s a.,rc.•. BOHDED TNRU Gft?fPJ1l ItiS;tA.A;~;,E U(it~f~It~ • -
~ Fort Pi;~ce, Fiorida ' ?f _
^n, ~ 'y ? ? • ~ <<cf
~ fG- ~ ~ . .
~ i~ ~~`~`~~.,i ' ,
~ P Y ~~Q A ,F f~R~ •
~ This Instrument Pre ared B Robert A. Swisher a: k
First Federal Savings 8 Loan Association ~~IE~G0~1+~ ~
~ F1or i da ~ueE~ f"v~ra13 _ ;
~ of Fort Pierce, ~~fsK ~~'r'~U't t~9uRi js ~
- RF~!~qn, YFR1=~:)...+...~'"'•••
~ Checked By Ol ~y~
~ ~ir 3p 9 NI~ ~8.~~9
~ ~ . P1~GE e71 .
E:
- - - _ ~ ~
~
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