HomeMy WebLinkAbout0418 3. To place and continuously keep o~ rhe bvi'd~~~gs now o~ hercafter situate on ~aid land and c.n aU cquipmenl ~nd personaily covered by this mo+tg- `
ege, w~~h al~ prem~ums Ihereon pa~d in (ull, f~re ins~us~~ce m ti~e ..swt sror.dord pc,!ity iorm, in s sum approrsd by the MOR~GAGEE, and winds?orm i
~nswance in the uwal standa.d po:.cy lo~m, in a aum appro+ed by the MORTfiAGEE, in suth tanpany or compan~es ea the MORiGAGEE may r t
d~reu; and all fire ar.d w~nds~o+m i~su~ance pol~c~es on any oF :~Id b„~~d~r+gs, any intzresl thereic o~ pa~1 thcreof, in ~he aggregate tum afwesaid a j.
in eace~s ~hereof, shall con~ain the usual »ar.d:~~d mortyagae ciause w such o~hcr c3a.,se as the Mertgagee may require, maM~ng tl~e loss under sa~d po~~
c~es, esch and every, payab!e to said MJRTGAGEE as ~ta imar.•st may appear, and each and every such po~icy shall be promptly aas g~~ed and delivered ~o
en~ held by sa~d htORiGAGEE as fur~her security to sa~d n-•ortgage dabt, and, nol leas ~han tan i10) days i~ ad+ance of ~he expiration of each poGty, to dr
ll~er to sald A10RTG4GEE a rer.ewal theraof, toge~he~ with a rrce~pt for the prem~om o~ suth ~enewal; and thare shail be no iue or windstosm insuronte
piaced on any of seid buiid~ngs, any interest there~n or part therrol, unle~s ~n ehe iorm and with ~he loss payable as aforesaid; a~c~ in Ihe ~ven1 any tvm
of r,~oney becomes dayab~e undrr such poGcy w po~~ues said ?AORTGAGEE shall have ihe opt~on to recrive and appty the aame on saoun~ oi ~he indebted-
ne~s sec~:ed hereby w ro permit aaid MORiGAGORS to recrive and ~se it a any part thereoi fo• o:he. F.urc,oses, v~~thcut th~reu; war•~•~3 ~~»p~~~'
~ng any equity, I~en or ~~ght undar a by virtue of this mo:'gage; and in the event ta:d A10RiGAGORS shatl for any reason fait to keep the said premisrs so
:nsu+eJ, w foil to defvar promptly eny of sa~d poLcies o( msurance to sa~d MORTGAGEE, or fail pramptly lo pay fuily a~y prer~ium therelw or in a~y
rrspect fail ~o perfwm, d;scharge, execu~e, effeel, compieta, con~ply wiih and ab~de by th~s tove~ant, or any part he~eot, said MORiGAGEE may piace and _
pa,r fw such insurance o~ any part thereof w~thout waiving or affeeting any optiun, lien, equity, or rigM u~ide~ p by virtue of ~his Ma~gage, and tht
!"'I amount of rach and e.ery svch paymeM sh.~lt be emmed~etely d~e ~n(I payable and she11 brar interest from Ihe data thercof until pa~d a~ tho rale o1
r pcr ccntum Fer annum and to~_ile.•r .rith a~:h ~r.t.er~st sh~+~ L~~ a~•wr:~d by the tien of this mortgage.
1. Tc permit, cwnmit or sufier oo wastc, i~npa~r~nent ~r drtzriorat~on of said property or any parl thereof.
5. To pay all a~d i~ngular the costs, cha.ges and eiE~enses, ~nciud~~.g a reasonaL•Ie a~~o~ney's (ee and cos~s of abstrads of titte, incurred or pa~d al
ant f~~r.• by sald MCRTGAGEE, becauae or in ~he eve~: of the fa:lure on the part of ihe sa~d MQRTGAGOR to duty: p~anpHy snd fully perform, d~scha~ge,
e~~cuie, effeu, comptete, canpty wuh and ab:de by each and e~ery ~he s~+pu:ai~or,s, agreements, cond~~ions, and covenants of sa~d pranisso~y note and thii
~,~•rgage any or either, and sa•d costs, cha~ges and eapenses, each and eve•y, aha~l be imm.:d~attly due and payable; whether w nm there be notice de
mo~~d, at~empt ro co11ec1 or svit pend=ng: and the fvH a~noum of each and every wch paymem shall bear ~nteresf trom the date thereot until paid a1 the
. n;ne per c~~~:~m pcr ,~inu:n; ond all sa~d wsts. charges and ex;:enses ]rxurred or pa~J, together ~v~th such interast, shall be secured by the lieo of thif
rr.prtgjg@. .
b. That ja) in the event oi any breach oi th~s tilortgaqe or drf~ult cn tl~e part oi ti,c MORTGAGOR, or (b) in the event a~y o4 said sums of mo~ey
here~n referred to ba not pranptly and fuHy pa~d w~'hin th:rty (3~) days next atter !he same seve~atly b~co+ne due and payable, w~thout demand or notice,
_r ;c; in the event er.ch and every the s!~pu!aticns, a3reeme~~ts, co~d~tions and covenanrs of sa.d promissory note and th~s mortgage a~y o+ eithet are not
1,::Y, pro~~~ptly and fulty perforr.,ed, dscha~9•,d, exrcut_d, effe:reJ, to~ap~e!ed, co:~:p~:ed +:~+h and ab,ded 5y, ?hen in e~~her w any such evem the said ag
3.,te avm menrioned in said promiisory nete then rema~ring unpa~d, wirF mterest accwed, and aH moneys secured hereby, shall bzcome due and pay-
a~. forfh„virh, or tfiereafter, at thc opr~on of sa~d A10R7GAGEE, as fui:y and completcky as il a11 of ~'~e said suma of mooey were or~ginally stip~lated
F.a.d on such d..y, anything in s~ d pre•rlssory note or in th~s Mortga~e ro ~h~ comrary notwithstar.d~~~y; and there~pon w thereafter a~ the option of
: R10RiGAGEE, witF.cut nohce o• demand, s~~t at law or in equitr, ~heretore or Ihereafter kxgun, may be prosecuted as if all moneys secured hereby
r ri matured pr~or to ~1S ~nStifuhpn. .
7. That in rhe ev..nt :har at ~he bryin-~.+~g ^f oc at any t:~,:e p.•nd6~9 any su~s ~~rcn this Mwigage, w to foreclase it, or to reform if, or fo enforte
~,-~:e~~t uf anv c.:..~r.s f•ereund-~r, sa~Cl M.JRTv~~I~'.`- 5~•a:i d~.(~!y tu tt,_ Co:,rt ha.:ng ~~r;>~ c+~on thereoi for the appointmero of e Reteiver, such Court shall
,.:.:,~th a;.p:;~nt a.,.:e~.er cf s>,d u:ty.,~c-~I ,..t; a:i and sin~viar. inc:~J ng ai~ and s'~ ~a~~ar tt,e income. Prof~ts. issves and revenues from whatever
, t!rrivrci. e.,ch ~-d every of wh.•_h, r. :~~,,:cj• -•F~rrss`~ ~~ders;cocl. is terr:,y ~~.r,rtg~yed as if speu~ically set forth and deuribed in Ihe granting and
_:~dum c'avses F.rr.~f, and soch Rece~~Hr sha:i k: a,! ~hr brcad a~~d ei;•-~c~we tur.u er.s and powas in a~ywise entrusted by a Court to a Receiver, and
,_h appoi~rme:~+ sha!t be made by such Cour. as an ;,d ~~~trrd cq~hy ano a r~ ar~cr of a~s.;' ne rigM ro sa~d MORTGAGEE, and withoul retererxe to ihe
_•;cy or inadrq.,xy o( thr vaiue of ti,r , rof.orty mor.~ayed or to ~i:e s~.•.•_~~:y oi ~~•_cwency o( sa~d MORiGAGOR a t!~e defendants, and thaf such
~ ~s, proiits, incomr, ~swes a~~d :eveiwes a~a~: be app~~ed by such Recrr.rr oc.or;;.,•g ~o the ~iep or equity of said MORTGAGEE and ~he praUice of such
_~..rs.
8. To du'r. F~c~ c.r:y and fui~y perform, d~sci~~~ge, exccute, eFfer., co~~:piete, co~~:pi~ w:~h arxi abide by each and every the stiputations, agreements,
._rdr[en~ and covena~~~s ~n sa~d prom;zs~ry ~.o[r ~::d this ~r.o~igage s~•~ for;h.
9. 7F.ar in ihe event rhe o,rnersh[e o( tl-e n c.rgaged prem~ses, or anr part tnereof, 6ecomes vested in a penon other ihan the MORTGAGOR, tXe
:?1GAGfc, irs successus ~nd ais.3ns. may, w~~hcu: noi~cc to rha htOFiGAOR, deai wrth such svccessor o~ successw in interest with refe~ence to this
rg,ye ond the •~cui h_reby secured irt thc seme rwr.ne~ as rfith ~.lortyagor vi;thovt in an~ way vitiating or d~stharging the Mortgagori liability hero- 1
i:• or upo~ ihe d_o! hereby se_~~red "1o sa:e of if~e Frr~~+ses h~•rrby mc-tgaged and no forbearanee on the pari of the /dOR1GAGEE oc its successors
•s ~~s and no exsers~o~ of rhe t~:=:e }:=r ihe pay~ceht of the debT hereby sec~red g~ven by ?he MORTGAGEE or ~ts wccessors or ass~gns, sha~l ope~ate
_.,se, d~scharge, modify char.ge or afEect ~he cr~g~nat Gao::~ty of the MORTGAGOR hereln, either in whole o~ in part.
10. It is spec~.'~caiiy ea~eed thar t~me is of th, esser.ce of tLis contract and that no waiver of any obtigation hereunder or of the oblgatan sr
,~•c~d i~~reby shalt a! any time Ihe:eafte: be heid to be a v.aiver of the tenns hereol or oi the inst~un~eN secured herby.
11, In ;;id to t6e fon:yc •~~u~;t~!y F:a,n:_•nts ot y:~:cc ; al and inr~rrese ~equ:red by the promi:scry no'e sec~red hereb~, mortgagor eovenants
' a~•ces ro pay ro n:er•y ,,:~'h e.~,!: ::~c•;i+~~'i ,~.+:~..e.~t a~ ed~i.r~o~~a~ s~;m esr,-~ a!ed b~ morty~ger to be eq~al to l,: 12 of the annua! cost of the follow-
• 4
A- All rcal H~oprr!y !a~~s ~~.~ec'. or asser,u Bg~i~~st fi~•_ above de>c~bcd reel CS~ete. ~
6-~r.:..r::, •.s a, i:, _ a,.rl :..~-~s~o-m ir.sva~ c^ as n~rein r=-qv red to ber crrrird on the improvements situate o~ the above described premises. }
C-Pre•^•.,:• s c ~.~ch r•:.:~r~ ,ge gua~~rlr ~^.sura:.ce as ~no~!gagee si~a~i {rc:r t:~ne to time deem fit to carry on the loan setured hereb~. ~
i N,ortgagec s~~', to T•^'^- nc';4: ~r~~r:,.~~or :r. writ~ng ef the a~ro.,~! d.:e and payable hereundrr and such surn shall thereupon be due and
~ , t::e on the J3r u_• ~ oi r..e ne.r ~~~o~~!r. ~;;~y:.+ent a~~d eac~~ succ-ssive rno-irh rhe~eafo~r ~,:t+t ~nortgaqee sha11 nofify morfgagor of a change in such
! _:nt. Su:h s~~ns s! ~':I Le a;;p ic~j 't•y n:r~r ~.g:c to:•:arc; the p3yirent of ~e~! (~rpFerty taxes, insurance prem:ums, a~id mortgage guaranTy insurante
i
~ . _'".;'1T5.
~ IN \YtINE55 '1+HEREOF, ri,_ s;~d h,GR7GAGOR nas herc~nro set his hacd and sea~ the day and year first aforesaid.
Si n d, Se ~ed and det~ve~ed in the p~esence of:
i
Y - ' 4 ~ ~Seal)
~ en ry . P Z eY (Sea~
~ _ ~ ~M'L.L~-Ai Q'. 1/~ (Seaty
`Li
n~~: STzTer a
cseap
_"::7E OF FLORIDA ~ . ' `
t ;
~'~TY OF 5~~--~.L1Gl~- ~ +.`-,r "~~r:° " .
;3utJJ ``f ' ~
Befo~e me per naliy appeared HeAIy A. 58171@Y ~~.•-'i };~~i~,~~~f_
~ Lincla J. Salzler ~ ~ ` ~
his wife, to me weiY'3~n'oy~n •ae~if icnown to me fo b~
_ individuals described in and who executed the foregoing instrument, and acknowledged before me fhat they ezetvted 1~ }atne for t:~e, QurpOies ~
•eln ex ressrd. And the s>6d-___ t'lndd `T. S3121eI '~i _ j
r.~ or t e,a;d _ Hen r y A. S al z le r : ~Pn~'a~ep~.rrto ~?,re j
nat~on by me ta;cen s~parate and aAart from her sa~d h~sband, acknowledged to and befo~e me that sFx executetl La~~~t rumZ~nl~f'x'~Ii~~~- ~
~ end w~tho~t ary coT~puls:on, canstrainr, apprehens!on, fear of or from her said husband. ~'a '3•~• r"'C,~,j Q~•%i ~ 4 •74
. ~
1i~litvE55 my hand ar,d offiual seal thls_ __.~~S~K~L_ day of__- y ' l~--~•
~ - ~
Notar Public in and fw t State_of Florida as large
My ommission e:p~res: /U`~ / 9 7~
,-~''x Retvrn io:
~ r~;et Federal Sa~ir,gs 3 loan Assoc~>t.on
~ Of =wr P = rr_~
~5 Fort Pi•,rce, Flo•~Ja
FILED ANO RECQRDED ~
4 ST. ROCERC~O TRAS ~A ~
~ CLERK C~R~U~T COURT
This Instrument Prepared By Grry F, Gllwood RECORO YEP.~FIE~..,~.
First Federai Savings 8~ loan Associat~on
of Fort Pierce ~ Flor ida 9 ie AM
~
Checked By' ~ - -
~ Er~~~ ~ ;
, ~
~ _ - _
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=~.~Y , : ; - ~ y
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