HomeMy WebLinkAbout1352 ~ 3. To place a:xl con~inuously keep on ~he bui~dings now or hareafte~ •ituate on taid Iand end on all cquipment and pe~sa+a~lY caYe*ed bY ~S
egs, wilh all premiums thereon pa~d in fu:l, fire insviance in the usual sta~e~~ po!~ty form, i~ a sum approved bY ~R~:s:~GEE, ano +r:nds~o«w
~nsu?anc~ i~ the usual t~a~xlerd pol~cy form, i~ a aum approved by the MORTGAGEE, in suth con~pany w canpan~e~ u tht 1NOQ1W?GEE
d~rect; ~nd all iire a~d w~ndaa~m insuronce pol~c:e~ on +ny of se~d build~ngs. ~ny i~Hrest therein w pa?1 thereol. in thr ayqrey~~e w~* afwesaid or ~
in exteu thereol, shall coNain the usual standard mortgagea dause o~ such other deusa at tt~e Matyagee may requu~, mal~np ~he ?ess urde' s++d Po~
des, each and eve+y, paya5te to sa~d h10RiG/~GEE as its interest may appear, and each and every auch po!icy shall be promp~~Y +s~ 9"~ +"d ~O :r~
sny hetd by said MORiGAGEE ~i Furthe~ security to aaid mo~lgage debt, ar.d, no1 le~i than ten (101 days in adv:.xe of Ihe exp~~+~wo oi e+ch Vo~'~Y~ tO
!~ve~ to isid MORTGAGEE a renewal thareof, togather w~th a rece~pt for the premium of such renewal; and ths~e shall be ~+o i:re o+ wi.~dti+am inswance ~
placed on ~~y o1 uid buildings, sny intcrett therei~ or parl thereof, unieas in the form and virith ~he loss payabte as at«es~~d; and ~n the evem anr w~+
of mo.uy becomas payabk under ~uch policy or policies sa~d MORTGAGEE shall have ihe oprion ~o ~eca~ve a~,d apRiy the same on +aw+n~ of Me «+d~w'ed' .
ness secured hereby w to permit said MORTGAGORS to receive and use it w any pr~t thereol tor oth^r Gurposes. w~~f~ov~ ~h_~~o; w3~wn.~~ e~ .^tpz+~-
ing any equity, I~en or right und~ or by virtue oi this mc:!gage; and in the avcnt sa~d MORTGAGORS ahall fw any reason fail to krcp ~he sa~d p~emjsas se ~
~nsured, o? fail to delive? promptly a~y of said pol~ties of iniurancs to said MORTGAGtE, w fail promptly to paY futly any prem~um ~herefor p in ~ny
respect fail to perfwm, d~scharge, execute, effett comp~ete, comply with and aSEde by this cove~anl, a any parf hrreoi, said MORiGAGEE may p~ ~~+d ^
Fny (w such i~suraue or •ny part the~eof without waiving w affect3ng any optio~, lien. equ~ty, or rigKt unJe~ w by vir~ue of th]s Ma.tga~s. aad ~he ;r
1„11 amounr of eacF~ and every such pay~nent thall be immediately due and payable and shall bear intrrest from ehe date thereof w~til pa~d +t ti~e ra~e d
~~~•:e per centum pN annum and iogeiher wiih such intrrest sF+a~~ be sec~red by the lien of this mwtgage.
4. io permit, commit or suffer no waata, impairr.sent or detc~~oration o( sa~d prope~ty w any part thereof.
5, To pay all a~d singular tF~e costs, cherges a~ expe~ses, inciucl~ng a reasonable attwney i fee and co~ts of abstr~cts of titie, incv?red a p+~d a~
any time by aaid MOR1GAGfE, because w in the event of ~he fa~fure on tFu part of ~he sa~d MORTGAGOR to duly, pro**+ptly a~~d fuily pe.form, dac~wge.
e.ecuts, ef(ect. comp:ete, comply w~~h and ab:de by each and every the st~pulat~ons, agreeme~ts, condi~ions. and cove~unts of said p+an~uwy nwe a~~d ~ha
n,cr:gage any or e~~hcr, and sa:d coats, charges end expenses, each and every, sha11 be immediately due and payable; whether w ~01 the~e be ~otite df
mand, attempt lo collecl w suit pend+ng: ana the full amount of each and every such payment 3ha11 bea~ i++terest from tl+e date the~eof unta Pad M+~
r~i~ e' n~ne pe~ crntum ~:r annum; an~' aU sa~d costs, charges and ex~nses incurrtd or paid, together wdh such m~erest, shatl be secured by ihe lieo ot ths
moitgage.
b. That (a) in thc event of any breach of this Mortgage or default on the pa~t of the MOATGAGOR, w(b) in~the eveM any of sa:d sums of eae+el
herein referrtd to be not pranptly and fully paid w~thin th~rty 13~) days next a;rer the same uvera?ly become due snd payabk, without demr~d w nw~ce.
or {cT in the event each and every ?he stiputations, agreements, conditions and covenants of sa.d promiswry note and th~s mortgage ~rryr a e~ti~v are na1
i~~Iy, promptly a~d fuNy performesl, d s:haryed, executed, effected, compltted, compl~ed vvith ar.d atided hy, lhen in e~the* or any su:h even~ the sad ag
~regate sum memioned in sa~d promissory nete then rema~ning ur.paid, with interest accrued, and all moneys setured hereby, shall becor~e due s*~d palr
eo e forth~.vith, or thereaft~r, at the option of sa~d MORTGAGEE, as fully and compietely as ii all of ~he sa~d sums of money we+e ay~i+a~1Y ~~A4+~~
ro b~ pa:d on such doy, anything in sa:d prom~uory note or in this hlwtgage to the cantrary notwithstand+ng; and Ihete~pon a+ lhereafter at the optwe? oi
s~:d ti10R~GAGEE, w~!hoW ~ot~ce or demand, wrt at taw or in equity, therefo+e or thereaf~er begun, may be prosecuted as if all rt+oneys secwed he+eby
r,?d mdturCt~ NtW? f0 ~ts insiituti0(1.
7. That i~ Ihe event that at t}w beyinn:ng of or at any time pendlr.g any suit upon this Mortgage, w ro fpec{ose it, o~ to refwm it, O? 10 MfOfQ
p~Yment of any cia~ms Fx~eunder. soid N10RTGr>G~E sha~l app'ry ro the Co~rt hav:ng jur~sd:ct~on ~hereoi fw the appointmeM of s Receiver, such Cowt si?~H
ic~thwith appoiM a receiver ot sa~d mo~tyaged peoperty aR and sinqu~ar, includ:ng atl and s~nguiar the incoa~e, profits, issves arsd ?evenues from wfiatever
~^ce dc~ivEd, eath and every of wl,:ch, k,e~ng •:..µress~y unde~stood, is kereby morrgaged as if speu~ically xt forth and desu~bed in the 9~aN:^9 s~+~
h~cendum dauses hereof, and such Rece~ver shaii ha:e afl the broad and effec~ive fur.ct ons and powe~s in anywise enlrusted by a Cou*t to s kxeiver, and
s:. ch appointment shall be made by suth Court as an admittecf equity and a maner o~ absciute r:~hf to said MORTGAGEE, and witlwut ref~rencr to Mee
ad~quacy w inadequacy of the value oF Ihe property mostgagrd or to the so:.e~cy er :nsolvency o( said MORTGAGOR or the deiendants, and tlwt such
r~•~~s, profits, income, issues and reven~es sha!! be appiied by such Receiver accord.~~g ~o the lien or equity of said MQRTGAGEE and the pact+ce o! such
Court. .
B. To duly, prompt2y and fully perform, d~scharge, execute, effect, complete, co:npty wirh ana abide by each and every the stipulat:ons, sgreeme~RS. _
:~~ditiona and cover.ants m said promisswy note and this mortgage set for~h. .
9. That in the event the ownership of the mortgaged prem;ses, o~ a~y part thcreof, bxomes vested in a person other thnn the N10RTGAL'sOR, the
:''~RTGAGEE, its svccessors ar.d assigns, may, wi~hout notice to the A10KTGAOR, deal whh such successor or successor in iMerest w~fh reference to tha
c•r~3ge and the d^b1 hereby secured in the same n;aRner as w+~h Mortgagw ~n•ithout in any way vitiating w d~xharging the Mortgagws' G~bi~i*y h~ro-
_.~~r or upon the debt hzre6y sFcured. tvo ~ale of the p.emises hereby mortgaged and no forbearance on the pa?1 oi the IAORTGAtaEf or i~s wctesso~s
ass~g+~s and no extensio~ of the time for the payme~t of the debt hc~eby setured given by the MORTGAGEE or Ets auttessors a auig~, s~ia~~ ope~+le
ro re~ease, d,scharye, mod~fy change er affect the o~~q~nal li;b~~~ty of ihe MORTGAGOR herein, either in whok or in part. ,
10. tt is speu4~catfy agreed thar ti~ne is of the essence of this contract and that ~o waiver of any obligat~on hereuode? or of the oblgstion sr
c~red h~reby shali at any time thereafter be hefd to 6e a wa~ver of the !erms hereof or of the instrument secu~ed herby.
11. ln addaioo eo +he foreqa:ng r:crih'y pay~,::rnts of pr~rc pal and ~~verest ~eqvired 6y the prom~swry no~e secured hereb~, mo*tgagor eove~snts
e~,d ag~ees to pay ro mortgaaee •nrth each momhly pa;~ :ent an add;~eonal sum es!::~.ated by mortgagee to be equal to 1,'12 of the amual cost af tFw fdbw-
- A-Ail real property taxes :evied or assesseci agai•zst tnc ai:oae deunbed real es~ate.
g-Fr~n.~u•-s oo fire and •v~•kndstorm mw~ ;i ce as here~rt .eq~:red to b~ tarried on the improvemeats situate on the above d=scribed premises.
I C-Prem:ue~s on s~ch mortgage guara~t} ir.surar.ee as mortgagee shaii irorr hme to tme deem fit to carry on tfie ioan secured hereby.
i Morigagee she~~ from t~mr to T~me no?~fy morrgagor ~n writ~ng of the amoo~t d~e and payable hereunde~ arxi such suT+ shai! thereupon be dve ar+d
i •b!e on the d~e oate of the next -+:onthSy payment and each ;uccessiJe month thereafter ur.tif m.ortgagee shall notify mortgagw of a efiangr in wth
o1N. Such sums shail be applied 'o~ mcrtgagee tovvard ihe payment of real property , taxes, insurance prem:ums, and mo?tgage g+wrar»y irw+rance
; -*~;~ms. . -
IN WITPJESS WHEREOF, she sa~d MCRTGAGOR has hereunto set his hand and seal the day a yea esa~d
Signed, Sea[ed and delivered in the p~ese~ce of: .
~
, Andrew G. Heller a.~n
.
~
_ ~ . . ~
':AiE OF FLORIDA ~
St . Lucie
; J!JTY OF (
Before me personaliy appeared Andrew G Heller, a single a(~lllt ~a~tY
~ to me well known and known to me 1o be
individuai described in ansl wfio executed the foregoing instrument, and acknowledged befwe me ihat he e:ecuted the same ior the p+rPoses
!he•ein expressed. ~(~pp~C-----
x~1{ 7frXiK7~iE7p~Q~0~X~
X~G~b6dl0t1C~p( OKXOC~bOC _ ~
Ju ?4 '
WITWESS my hand and offic~al seal this _ day A. O. 19
~ . .
~ Notary Public in and for the St of fb?id~ Larye
My Commission eapires:
Return To:
Firat Federa! Savings 3 Loan Associat~on
Of Fort P~erce.
Fort Pierce, Florida ?
~~~uG~~ VauNr~F~~: ~ , r . .
" OGf ~ P~l!t~A~ ' t .
c~cart c.~cct~~ ~OURr ~ _ . -
~ This lnstrument Prepared By John W. Collinsq~ttpRp y~Fr~lEO....,.~..,. ' i; -
First Federal Savings & Loan Association _ . , _ . -
.,,1= ! ~ • ~
of Fort Pierce , Florida ~ 8 s~ 1111 -
Checked By ~~~6~ . ~ 5
' ` 3
Pa~ 49 ~„K,~~`~.~
_ ` ~
nR ~8 E~.~
E ; ~ - ~
i
- - :
'~yd-_ . . .