HomeMy WebLinkAbout0424 To place and continvously keep on the bu~id~n9s nox or hereafter ~ituate on said land and on a~l equipment and personally covered by ihis matg-
ege, witA all premiums iherco~ pa~d in tull, fire ~nswante ~n thr usual s~a~xlard po!Ety form, in a sum approved by the MOAtGAGEE, and vr~nd~tam
~ns~rance in ~he ~sual standard pol,cy io?m. in a aum approved by ihe MORTGAGEE, in tuch company or tompa~~es ai the MORiGAGEE may
d~recr, ~nd aU (ire and w~nd~torm insurance po!icies on +nY of sald buitd~nys, any interzit therein or part thereof, in the agg~ega~e sum aforesaid or
in excess ~hereof, shall co.~~ain ~he usual sta~idard mor•9agre dause or such other c'a~se as ~he Mwtga~ee may requ~re, making the loas ~nder s~~d poli-
:~es, each and eve~y, pay~~ie ~o sai~ A~JRiGAGEE aa its ~nl~rest mey a, p.:ar, a~d eac~ end every auch poiicy shall be promptly au g~~Ed end delrve~ed to .
any held by sa~d A10RfGAGEE aa (~r~he~ secur~~y ~o said mor~gage debt, a~~d, not less ehan ten (101 dsys in a~va~xe of the expirat~on of each po:icy, to da
Ir+er to said MOR2G~GEE a re~~ewal ~herao(, ?oge~hzr wnh a rece~pt fo~ 1he p~emium o( such rer~ewal; and there shall be no fire or windstorm insurance
plated on any of said buildings, any inte~est therei~ or part thereof, unless in the form and wi~h the ~cu payable as aforesaid; and in the e+e~l any sum
oi money becomes payable unde~ s~ch poGcy w po~~c:es sa~d MORTGAGEE shall have ehe oynon ta rec~rve and apply the same on account of the indebted
nzss secwed hereby w ro permn said MORfGAGORS ro receive and use it a any par~ nc~•:eof for o:h~•~ pur~~oirs, v.~~h~ur ih~.~u; •na~~~.~g or ~~npa~.-
ing any equ~ty, I:en w right ~nd~r a by virtue of fhis mo:'gafle; and in Ihe evrnt sa~d MORiGAGOR$ shal) (or ar.y reason fail to keep ~he said prem~ses ~o
~nwred, p fai) ro deliver pro,npfly any ot sa~d pohues of insurancs to said MORTGAGEE, or fail promptty to pay fulty any pie:»wm thercfw or in a~y
respect fail 1o per(orm, d,s~ha e, e¦ec~te, effeU, compiete, compiy with and ab~de by this covertaM, or any part ha~eof, said MORTGAGEE may p:ace and
pav (or such insurance or an~ ~art thereof w~~hout waiving or affe<ting any option, lien, equ~ty, or ri~M under or by virtue of this Mwtgage, and the
i„!~ amw,m of eecA and e~p~y svch paymrnt sheU be immed~ately due ar~d peyab!e a~d ihail bea~ ir,terest irom the date thereof until paid at the rate ol
.r.e per tentum per ai:nwn a~ed h>~elt~rr ~eth wch intrrast shall be sY~r.•d by the lien o1 Ihis mOttgage.
To permit, commi~ or su(fer no waste, impainnent w dctrriorat~on of aa~d property o? any part thereof.
5. To pay all and aingu~x the costs, charges and expensrs, mdud~ng a reasonabte attomey i fee and costs of abstrads of title, incurred or paid st
nny time by sa~d MORIGAG;E, because or ~n the event of the f~:lure on the par~ of the soid MORTGAGOR to duly, promptly a~+d fu!ly periwm, dncharqe.
_.e:vta, etfet~, comp~ete, comply w~th and ab:Je by each and every the s~ipulanons, agreements, conditiwu, and covenants of sa~d promissory note and this
~-,r.fgage any or e~ther, and sa:d costs, charges a~+d expenses, ea:h and every, shaii be immediately due and payab!e; whe~he~ w nat there be not~ce dC
~r,a~d, attempt to collect w suit pend~ng; ond rhe full amount of eech and every svch paymem shall bea. in~eres~ from the date thereof u~til paid at the
of n~ne per ct~~t~•n ?.ar an:~uor, and ail sa~d custs, cha~qes and -ca~.:~ues incuned or paed, toyether :vdh such interest, shall be secured by the lien of thit
~no%tgage.
6. That (a) in the event of any bresch o~ this Moregage or default on tIK part of the h10RTGAGOR, or (b) in the event any of said suma of money
herr.n refened to be not pro~nptly and fully paid v1~:hin th~:ty 1301 days next aTrer ~he same severa~:y become due and payable, vvithout demsnd or notice,
'c) in the event each and every the stipu!aticns, agreer+rnfs, cond~tions and cuvenann of a~.d promisso~y note and th~s mortgage aoy or either are not
1,-y, pro~~~ady and fu~:y perfonned, d,scna~g_•d. erecuted, eflected. comple~ed com~.Ged w~th and a~•~drd by, then in either or any wch eve~t the sald ag
~ate sum mentioned in s~~d prom~ssory note then ren~a~nin~ unpa~d, wirh intere;t acuued, and a~l moneys secured hereby, shatl become due and pay-
forthw~th, or thereafter, at the op!io:~ of s.+~d I~~O~TGAGEE, as ful:y a~xl camplr~e!y as if ail of thr said sums of money were or~ginally st;pulated
t:a pa:d on wch d~~/, anything in sa.d Fro:n~ssary note or in this klortgage ro th~ conr•ary notryrthttand~ng; and thereupon or thereaitrr at ~he op~~on of
s- ~i MORTGAGEE, wirhout no~~ce o~ de+na~id, wit a1 iaw o~ in eq~ify, the~efore ot tl~er.ra(ter t~egun, may be prosecuted as if all moneys secured hereby
r:d mat~red pnor to ~ts i~st~tut~on. ,
7. That in the ev~nt ~hat at tne L•eginn:ng of or at a~y t~me pe~~cl~ng any w t u,^~n this Nortgage, or to foreclose it, or to reform it, o~ to eniorce
, •,rnt of any c~~•~~s fierew:d-~r, se~d :':JRTG:.~,_E shati appfy r~ the Co~rt h:,.:,;3 ~ur~scf.c~ion ~hereo! ior tRe appo~ntment of a Receiver, such Cou~t shai)
~ _;.i~F app~~nt a~~ce~.rr of 6sid :r.orrga~ed ~.~c;:c:ry al' and S~nyvlat, i~:CiuJ ny w? ard s~~~~~~ar ti~a intome, p~cids, issues and reve~uea from whatever
s, ,_e der;v~d. eacF, anc! every of wn,ch, bivng e.~p;rss!y u:~d~,rstooci. is Fer=~~ m,crr~a~ed as if spec;ficatly set forth and deseribed in the granting and
_~.d~m c:avses hereoT, ~nd wth Ra~cei~e: shai! h~+e aI! +he br~ad ar:d eiicK~.ve iu~:,e u:u ancJ pov:ers in anyw~se entrustqd by a Co~.t to a Receiver, and
_,h appointment shafi Le made by svch Ccvrt as a~ ad~^irted rqu~ty ar.d a n~anar of a:,setute r.ght to said MORTGAGEE, a~d wittr~ut reference to the
,:.av;cy w'inadeq~acy of the va=ue oi tiie (~roFe'~Y mw~9agrd or to ~he so..~~~:cy or ~~::ai~ency of said MOR7GAGOR or the defendanls, and that suth
•s. profirs, income, iswes and re.enues shai! oe apN:~ed b~ wch Recc~~e~ acco~u:~~y ~o ~he ~ien or equity of said MORTGAGEE and the practice of such
~ rurt. '
8. To du:v, p~empt:y and fuSly perfo•~n, dfscharge, execute, effect, compiere,. co~~,p!y wlfh and abiJe 6y each and every Ihe stipvlations, agreements,
ndi+ions and covenants m sa~d pcom~ssory ~otc a:~d th's mcrtgage srt forth.
9. Tha? i~ the event the OW~P/3flip of the morigaged prem~ses, o: any part thc~eof, becomes vested in a person other than the MORTGAGOR, the
: ~~lGAGEE, ies Sl'Q@SSWS and auigns, R~a/, w<<ho~r nonce to rhe !1lORTGACR, deei wrth s~ch successor or successw in interest wirh refererece to thia
~~agage and the debl hereby sec~red in the sa^~~ ~~a~~~rr as ~vith 1.!xtgagor vvlthcu~ in any way vitiating o? discharging the fAortgago~s' liabi~ity herr
or upon rhe drbt heieby secured ~:o sa!e o~ the Frerr.~ses hereby mortgaged and no forbearance on the part of the /dORiGAGEE w its succeswro
assigns and rte ex:ens~on ot the time for tnr ~ayn:ent of the debt her~by secured g~ven by the ~tiORTGAGEE or its successws or assigns, atiall operate
u re'~ase, d~sc}wrge, mod~fy cfiange or affect the c~~3~r.ai iiab!i~ty of ~he M.ORIGAGOR here~n, either in whoie or in part_
10. tt is spec~ficjity agreed tha+ iimC is of the es:e~ce of tl~~s contract and that no waiver of any obHgat~on hereunder w o( the obligafion se-
:u-ed hcreby shaL at any tirne thereafrer be hei~ to be a vra~ver of the !erms hereof or of the inatr~meM secured herby.
11. In .u•±~~.• : to :he fore_qc'-~~ ~rv,rt} r ~;,:yr.• ~rts of ;;:c c pa~ ar.d ~n~er. s~ requ~red by the prom'ssory no+e secured hereby, mottgagor eovenants
3~rces ro pay to m.o'tg~yce t•.:ih racF. ~r~~ ~~h y;,a.•..enr an add~•~onal s~m es:r•'a'^_ci b/ mortgagee to be equal to 1; i2 of the annual cost of the follow-
A-AII real property in~rs ie ~i°_d or assesscci a~ ~i ~st thc ai:o~e desc•~ :rd real es~a!?.
g-Frrrr::u~rs on ive and r:~rdstu~~~. ;~~sur,;:.ce os ~ z•~~r. .,-qv:•ed to he carneJ cn the :m~,rovements s~tuate on the above d:scribed premises.
C-Pre;r~vn•s on such ~ortg3ge gua•snt~ icsura.~ce as mo-tgage~ sha:l fra~^ t me ro time deem fit to carry on the loan secured hereby_
,i I.+o~tgagee sh~ll frcr,; 6»ie tc ~;:•;e no;~fy mcng,g:;r m w.~t~ny of the a:r:o~~t d~e and payable hereundar and such sum shall thereupon be due and
i ,:b!e on th~: d~r date of the ncxr ~:o~~~:r pay~rent a<<d each succeszive Ton~h th~reait~r ur.til mortgagee shal! ~otify mortgagor of a change in such
~ ,.;r.;. S~ch sums sh.;ii t>e appred 'ty mortgeg~~e to:.ard tf~e pay~nent of rea! preperty taxes, insurance prem;ums, aid mortgage guaranty insurance
4 ..:ums.
~ iN WITNE55 WHERCOF, tne sa:d IlORTGi+vOR has h>rcu:ito ser his h3r.d and seai the day and year irst aforesaid.
~ Signed. Seafed and deti ryd in the presente of: / ~
r ~ ~
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au a B. Hancock c~sq
ff 'Z91~. fGL4~+
= ?~t"~__ (Sea4
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~ E pF FLOR~DA ~
St . Lucie
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Beiore me personalF~ ap~eared L~UY3~ B• Han~~~~~ a sinqle adul ~ d1~Q
1Al~vlfl, to well known and k~own to me to be
ind~vidua' described in and who exec~te~! the foregoing instrument, and acknowfedged before me that ~xecuted the same for the purposes
r;, e!n expressed. ~ liie
~ ..:~.ofli.~s~~d ep~naizp~aestesnd~~+e~s
• R,+~~?a*e~-by~we: t~w~w ~+~a~r ~rwl.e~~~#~ow~Frr s+~d~wsiwd,-ackno~rlodgaci.tu and~Evte.roeJhat ~Fta ~irluiell~ai~ inMw~~ koely~awd. ro4~ti
aettt-v~;ffie~ff eny`cernp~~4sieR ~e+rs~raiw?f app~ei.sn K~w~r ~i. wbow~y~-s+~1 i~w~+d
~ d~y of_
WiTNE55 my hand and o`l;c~al seal Ih~s.-_ ~ ~ ~~y A. D. 19 74
- .-a~--_ ~
" f LCO ANQ.AECQA~~~ Notary Public in and for the State of fbrida at Large
~ i~. WCIE GOUNTr A• My Commission expires:
~ aer~~~ ro: ROGE1~ P09TRls
nrst Federal Sa+ings S loan Assoc•at;on L~ERK C~aCU~T COURT y01iry ~K, Stste of Ronda at Larqe
~ .
ry or ~o~t P.n,~A qEGOa~ VEP.~~tE~J Mr Commns~oa Expires Mu. 23, 1476
~
~ti fort Pierce, Flcr~da ~ b~d~d br An»dn~ iw~ i CyMYY G~ .
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~ This Instrument Prepared By ,iehn W. Coll ins _~-~,1~ ~~;,~-+'~,r r,
~ First Federal Savings 8 Loan Association ~ e' , t,. ;
~ of Fort Pierce, Florida 33450 bC1~.^~.~'
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~ Checked By ~ .~=;»`>v-. I ~ 0.~ ;.:'1`~. , .
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