HomeMy WebLinkAbout1207 3. To plece and co~tinuously keep on the bui~d~ngs now w hareaher iitvate on sa;d la»d and on all equipment and person~lly cove~ed bY this mat9-
ege, w~th sll pramivms thereon pa~d ~n lu:l, i~ie inw~anc~• in ttK usw! srar~arJ No~icy form, in a sum appoved br ?he MOR~GAGEE, a~~d•windstorm
~ns~rance in the usual sia„dard pol~cy +o+m, in a aum approved by ~he MORTGAGtE, ~n such compeny or canpan~es ss ths MORTGAGEE may
d~rec~; snd all firo and w~cxlstorm inwrance pot~c;es o+~ any of ia~d M,ild~ngt, any iNerest rherem o~ part fhereol, in ~l+t aggrega~e tum atwesaid w
in exces3 Ihareof, stutl contain the uaual standard mortgagee c~ause w euch o~hcr c:~uu ~s the blatgsgee may ~equ~rs, m~kinp the loss w~de~ sa~d polr :.~.r?
ue~, each and every, pa~a~'e ~o seid hWRTGAGEE as ~U irocrest may appear, a~.d cach acd every such po~ky sba:l kx p~anp~iY assgntd ar.d de~ivered ~o _
eny held by said MORSGAGiE as fwiher security to said mort~age deGt, ar.d, not ~ess tha~ ten (IOi days in advance of the expi~ation ot each policy, to d~- .
I~.~ar ~o said MORTGAGEE a renewal thereof, together vvith a rece pt for ihe prem~um ot such ~ene+~al; and there shall be no f~~e or winds~orm intufint~
placed on any of iaid b~ildings, any intereit therei~ w~rt ~t~ereof, unlrs~ i~ the fo.m and with the lou payable as aforesaid; and in the event any sum
of money becon,es payable under such policy or poGues sa~d MORiGAGEE shall have ~i~e opt.on ro rece~ve a~x~ epply tAr seme oo acco:,n~ of the indebted~ ~
ness secu~ed hereby or to permit sa~d MORTGAGORS to receive and use it o~ any p: rt th~•:.ot for oti~er cur}•oies, v.~~1w~t th~•. o~ ~.vaivi.~~ o~ ~+~~po~~-
~r,g any equlty. Gen w right under or by virtua of thls mo~sgage; and in the evenr sa~d MORTGAGORS shall fw any reason fail to kcep the sa~d prrm~sas ao
nsvred, w fail to deliver pranp~ly any of sa~d pol~cies of iasura~ce to sa~d MORIGAGEE, o~ fail ~rompNy to pay fulty any pre~nwrn therefor o~ in any
respect fail ro perform, diuha~ge, execute, etfec~, comp~ete, comply w~~h snd ab+de by th~s covenant, or any part I.ereof, said MORTGAGEE may place and .
pay fo~ such inw~ance or any part thzreof w~~hou~ weivuig o~ affecti~ig any ortion, linn, equ~ty, or righf under o~ by virtue oi this Mo~~gage, and tht ' '
f,,:i amount of each and every such paymen~ shalt tx ~m,ned~a+ely due and payable and s?~a~l bea. intrrest from tFe date thereof u~~ti~ pe;d at the ~ate ol
per centum per ar.~um end to~~•ih,r with w;h ~nter,;sr shaii be scwrrd by the lie~ o~ tfi~s ~tgage.
4. To permit, commit or su((er no waate, impairment w drterioratia~ of sa~d property o~ any part thertof,
5. To psy all and iingular the coata, charges and e~pe~ses, includi~~g a reasonable attor~ey's (ee and costs of abstracts of title, incurr~d or paiJ st
any time by said n10RiGAGEE, because w~n the event oi ~he fe;wre on the pan of rhe iaid MORTGAGOR to dvly, promptly and fufly perform, d~scharge.
e.ec~te, etfect, complete, co-nply wrth ond eb:de by each and every the stipulat~ons, agreements, condit~ons, and covenants of sau! pranissory note and ~hii
„~rrgaga any or e~~her, and sa~d cos~s, cha~ges and expe~ses, each and ev~~y, shail k~ immediatety due and payable; whether or aot there be notice do-
r,,,nd, atternpl to collgcl or suit pend~~g; and the f~ll amouM ef each and every svch payrr.em shall bea. interea~ from the datQ thereof until paid at the
~.:i; c' nine per crnt~m H~r au+w:~: an~ aiI said cos~s, ci~a~~es and . w;~ens_s ~r~tu:rr~ er paid, togeih~r ~vdh suth interast, ihall be secur¢d by the lien of th~~
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mo~tgage.
6. That (a) in the eve~t of any breach of this Mortgage or defautr on 1he part of the MORTGAGOR, or ib) in the event any of sald sums of money
herein refa~red to be not pra-~ptly and fully paid w~ih~n th:rty (301 d:~ys nexi after thc sanx seve~a'~~y become due and payahle, without dema~d w t+otite,
..r tc) in tht e~ent each and every iha stiputat~ons, agreements, condnlo~~s and covenams of sa,d p~omisso~y note and th~s mort9age any or either are not
i.,:y, pro~npdy ar,d iully performed, d schargcd, aae:uted, effected, completed, co~n~'~~ed v.~th and ab~ded hy, then in e+ther w any such event the sa~d ag
~•_3ate s~~n menrio~:ed in sa~d pro•~~~sso~~ ?ete then rema~n~ng ~npa~d, with interest acuued, ond ail ~norseys srtured hereby, shall becom.e due and pay
~c. e fo:th,M1~th, or thereaft~r, at the op~~o.~ ef sa~d A`ORTGAGEE, as fuliy a.xi Compiet~:y as if all of the sa~d w~ns of money were o~~ginally stipulated
~ t~e na:d on such day, anyth~n3 in sa J pro n;sscry note or in ihis hlor~gage ro th~ cont:ary notwiths~and~ng; and ~hereupon w thereafie~ at the option ot
s~ ~ MORTGAGEE. ~+~~'hout not~,e o• den~a:+d, s~it at ~aw or in eq~ity, there~wc or !hercafter beyvn, may be prosecuted as if a!I moneys sCCUred hereby
n. J ma~ured cr:or to ~ts inst~'ut~on.
7. That in the e~e~,t that at tne bey,r•~ •~g of or at any time pzndl~~g any su:t u~ this Nbrtgage, w to faeclose it, or to refwm it, or 1o enforce
. ent of any c+a~~ns he~~~r•,d~r, :~;d P..ORT'v.=:.-: E sha~i ~pp'y ru thr Coun ha+~ng iunsd.ceion thereof iot the appo~ntment of e Reeeiver, suth Court shall
.._.~.'h.vith apE.vint a ~ereivcr c1 s=:d ~r_~~!najcd pr.~;,~~ty sll :~nd sii:~~u~ar, ir.c;udng ~it and s~iv~~iar the irtCOme, prOfdi, isSUes and revEnuei ftOm whatevrr
s •cr derived, each and every oE w~,..'~. n t?•uy •-yucss:y unor~st~x.d, ia ~e:e'e,y n.cr~gaged as if ipecifically set fotth and desvibed in the granting and
~•,durn c!avses F.e:eoE, and s~~ch Rece~.r. st,a:l h.•.e a!! ~h~ ur~ad a:,d rifec•:re i~^r_t ons ar.d powers in anywise e~trwted by a Court to a Receiver, and
s'_h apppininer.t sh;il be made by svch Co:,r~ as an ad ~uttrd eq~~ty ar.d a r.:3tter of absot~te r~gM ~o said MORTGAGEE, arx! w~thout reference to the
r:-q.,a.y or inadrqtixy of the val~e .f the proF•erfy .ao;t~aged or tc rhe so.re:uy cr ~n;or.ent~ o( said MORTGAGOR o~ the defendants, a~d that such
.rs. prof:rs, income, ~ssues and rever.ves sha~l be ap;.~:~d by wch Recr~ver ac,ord;n~ ~u the lien or equity oi uid MORTGAGEE and tne practdce of wch
l_CJft.
8. To du'y, prcn.ptiy and ful~y perfo+m, d~scharge, exec~l^, effecS, complete, cu:n~~Iy w~rh anJ abide by each and every the stlpulations, agreements,
e d:tlcns and eovenants m sa+d promissory no!e a::d th s mortgjge se+ fortl~.
9. T~:ar in ths ev~~nt she oaine+sh~p oI tne .nortgaged prern:sez, or an; part tncrrof, becomes vested in a person other than the MORTGAGOR, the
: ~:RTGAGEE, its su:czuc+s and assigns, may, wi~ho,s ~.cr~ce to ?~e ~dORTG%•OR, dea~ with such successor o~ successor ]n inte?est wAh reference to this
~•tyage and ti~e debt hereby se:ured in rho same manner as vv~fh h•:.rtgago. w~ih~ut in any way vit~ating or d~scharg+ng tku Mortgagors' liability here-
:.•.~ar or upo~ the debt h,reuy srcvred N~ sa!e of t~~e Frer*.laes hcreby •no~tgayed ard no forbearartce on the part of the MORTGAGEE or its wccessors
ass~g~~s ard no eare~s~on of the tim.: for the paym.ant of fne deb+ h~reby secu.ed given by ihe MORTGAGEE or its successors or ass:gns, shall operate
ro r~ ease, d~scharge, mcd+Fy change o~ affecr the o~ig;rai Gao:l:~y of tne N.CRiGAGOR herein, eithe~ in whofe or in part.
10. tr is spec'f~:a~:y agrced ~har t~me ~s of th_ z-sse~ce of tf~:s co~~traa end rh:+~ no waiver of any ob~~gat~on hereunder or of the obligatan se-
-~:ed hereby shaii as ary time rh~reafie~ be he:d to 5~ a waiver cf rhe ter.r~s hereci o~ of the instrument secured herby_
I 1. In ~:i;; r~c~ •o +i,c So~_ ;c ~,9 n,enrn y~:ap-~• nfs et pr+: c~ai ar.d I-rer,st reyu~:ed by the prom"ssory no!e xcured hereby, mortyagor eoveoanis
agrt~cs to pey ru r1o-t~agee w+~h each nonthiy p3;,--ont an a!id:~ional sum cs! rt.ated by mortgagee to be eq~al to 1;`12 of the annudl tost of the follow-
A-:+iE rea; proF~rty tax_s !r.ic~'or assess_ti agai•:st thc above descri~cd real es•a~e.
6-P~. ~•~•.::~s cn fre ar.d w~~:dsto:~~~ ms,;•rr-: :s i-_•.~~n r~ou rrd to 6~- c~~<<ed en The ;m., rovements situate on the above described premises.
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I C-Pren::,~.:s on ;vcn nort~:ge ;7~~a~c=.rtr irvJra•=e as n~o•tg.~:ee sh.~!t fra.. •*:c to ':~rn deem'fTtu-rarry on 1he loan secured heteby.
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! h',o•t jagee s~~a: `-ar: !l~..~~ to ~:e r.er~i: on~.~g~r ~n wr~tmg ef ti:e a~ro. du~ ar.d payable hereundrr and such sum shall thereupon be due and
E _:;'e on the due date oi th~ n~•ai ~:•ar.th:y Eayr' c•~t a.^.d er.ch s:~u^ss~Le month thrreafter untit mortga3ee shall notlfy mortgagor of a ehange in svth
6 ,:~;r. S~ch sums sha;! i;e apF~:~ed t,y ~~:orrga9 •c to:~:a~d the paymert of real property taxes, insurance prem:ums, and mortgage guaranty insuwnte
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~ . '~~l!t15. .
IN Y?ITP:ESS Y1HFRcOf, ti.:- sa~d N.ORTGAv02 has here~nto set his har:d a~d sea! the day and ear fyst storesaid. ~
Signed, Sealed and de' ered in ~he presence of:
~ _ . Stai)
; , , ~ Eii ie ~ru~e
~ • ~ (Seal)
- L - - ~ ~~~.G 1G-'-f~- tSeal)
7l _ , n a ~`~'~tuw
- ~ Z (Sesq
"~TE OF FLOR!DA ~
- - I SS.
.~'JTY OP St. Lucie
Billie P . (:ruwell ,
Before me personaliy appeared a~
Linda r. rruWPll his wite, tp me well known and known to me to be
~-~ndiriduals desuibed in and who executed the foregaing instrument, and acknovifedged beiore me that they executed the same for the purposes
:•e;n expressed. And the said_ 1,111Cjc'~ rYL1W@il
~.:1:, of the said - ___~1111P R. ~rYqWQll upon s sepsrate and private
nat~on by me taken separate and apart from her said husband, acknowiedged to and before me Shal she executed uid instrument freely and votun- ~
~'~y a~d w~!hout any com~u'sion, constra~nt, apprehens~c~, u lear ot or irorn her said husband.
~ !
~ Y/ITNE55 my hand and offc~al sea! thls_ ~~tL_-_______ daHr of_ une A. D. 1974
3' ~ 'A ~ ~ ~
. Nmary Pub17c in and tor the ate of F s~t larye
. / My Commissio~ expires: /1 i / ) / '
~ Retum To: T , J
~ r::st Federai Savings 3 loan Assoc:3t:on • .
Of Fo:t ~.erce. '
~ Fort P~.:.ce. F!cr~d~ ~ ~ j,NI ~EG~~ FL~• ~ ~ ~,.I~. ~ .
~ f~~IUC~~ c0uia~S ~ `J~'~ l^',•' 1 L:
~ R ~ ~
C4Er~K ;~ult C4URT _ '~~OT~, - . Y ~ •
~ This Instrument Prepared By .Toht? W. Q~~!ith~a.; iE~
~ First Federai Savings & Loan Association ` (~H ; ~t y : t~ .
- of Fort Pierce , Flo ri~?a 33450~'O 1 ~ Z~ p UB L l C"~;:':
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t^~'• ~ . • -
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Checked By _ ~ ' . t~~, ~
~ 2~340'74 ~ y .
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i ~ . p ~ ,~8 PAGE~I.f~~ • ' ~ c sw
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