HomeMy WebLinkAbout1436 3. To p~u~ and continuousiy keep on the build~~gs now or here+(~sr situate on sa~d land and on all eqvip+.+cnt snd persa+aily coversd by this mat~ !
sgs, w~th all premiums thereon paid in ful1, tire inw~ante in ~he usual aundsrd po~~q fam, in a tvm app~oved by ihe MORtGAGEE, and w~rxlstwm ~
~nsur~nc~ in tM usuat standard poikcy form, in a aum •pp:oved by the MORTGAGEE, +n such company or canp+n~es as tiv MORTGAGEE may ~ ,
dir~rctp ~nd all firs and windstorm insuro~xe po~iues on +~y of said ?o~~id~nqs, any i~teres~ ~F+erain w paH thereof, in the ag~re9a~e wm afwssaid a
in exteu thenof, shall contaln the viwl a~andard matgeye~ clsus~ w suth othar c~auss a~ ~M Mor~9+9~ ~^+Y reqwr~, maAirg ~hs ioss under sa~d poli L~ i
c7es, e+ch and every, payab:e ~o a~id MORTGAGEE as ~b iroer~st m~y +ppear, a~xl each aod eve.y wch po!icy slwll be promptty a~s gnrd and delivered ~o
•ny MW by iaid MORiGAGEE ai fur~he~ s~curity to said nwriflage debt, and, not less than ~e~ (10) daya in advance of the axpir+tio~ of each po1Ky. ~o da 'M
liver to said INORTGAGEE a renewal tFxreof, together with a r~ceipl for the p~emium ol such re~ewal; and there. shall be no fi~e or windsto~m inwranc~
plac~d on ~~y of said buildiny~, any interest there:n or pu~ thereoF, vnless in the ionn and with the bs~ payable as afweuid; and in ~he event any sum
of nwney becomes paYable unda such poticy w poficies wid MORTGAGEE shall have ~Fx opian to receive and spply 1hs sa~ne on +~cu+M d ~he ~~deb~ad'
neas secwed hereby o~ to permit aaid MORiGAGORS ~o receive and use it o~ any part thercof fw oincr µur~,ases. .v~thou~ th.rcb~ waivi:~g w unpair ~
~ng any equity, lien w righ~ under ar by virtue of this mor!9age; and in tFx evem sa~d MORTGAGORS shall '.w any ~easw~ fail to keep the sa7d premius w
insured, w(ail 1o detiver prdnptly any of said po~icies oi insurancs fo said MORiGAGEE, w iail promptl~r to pay fully any p~emium the~efa or i~ a~~
respect fail ro per(wm, discha~ge, execute, etfecf, compteta, comply wi~h and ab~de by ih~s covenaro, a any part hzreot, aaid MORTGAGEE may p~ace and w•
pay fa such iniurance o~ any part thereof vvithout wsiving or affetting ~ny opne~~, lien, eqv~ty, o~ right unde~ a by virlus of this Mwtga9e, ~nd the :
f~ll amount of each and every such paymrnl shall be irrvrKdiately due and payable and sfiall bear interesl from the date thereo~ u~ilil pa~d at the rate ol ~
nlne per tentum Fer annum and to~ett~er ~n~ith such +~terest shali Ge secured by the Sien of this mortgeg0.
1. To permif, commit a sufier no waste, impairment ot Jeterioralan of said properry o~ any parl ib-veof.
S. To pay all and singu~ar the costs, tharget and e¦penses, inctud~ng a reasonable attwney i fee and costs of sbst~acts of titte, incurred a paid ~t .
any ~ime by said MORTGAGEE, because a~n ~F.e event of ths fa~lure on tix pa~~ o( +he said MORTGAGOR to duly, promptly and fv~~y perfwm, d~xharga.
execute, effect, complete, co~nply with and ab:de by each dnd every the stipulat~ons, agreements, tonditions. +nd tovensnta o( said promissory note and this
:r.ortgage any w e~~her, and sa:d costs, charges and expenses, each end.eve*y, shal! be immediatcly due and payable; whether w no1 there be ~o~ice do-
mand, attempt to colted w suit pend~ng; and ~he full amuunt of each and every such paymem sha~I bca~ interes~ from tM date the~eof unti~ pa~d +1 the
r:±e of nine ptr ttntum per onnum; and a~l said ccsts, tharges and expenses intvrred or paid, together w~th such imerest, shall be secured by th! lieo of thq
mc~tgage.
6. That (s) ie the even? of any b~each of th~s Mortga9e w default on the part of the h10RTGAGOR, o~ (b) in the event sny of said sums of rtaney
herein referred to be not promptly and fully Raid w~thin th~rty (30) days next atite~ the aame severalty become due and payable, wi~hout demand w no~ice.
er (c) in the eveM each and every rha s~iputations, sgreements, conditions a~d covenants of sa~d promissory note and this morlya9e any w e~~htr are nol
iuly, promptly and fully periormed, d~schargrd, executed, effected, to~npleted, compi~ed with a~d abided ~iy, then in either or any such event the ss~d aQ
gregate wm mentioned in sa~d promissory nete then rernaining unpa:d, with i~~te~est acvued, and all moneys setu?ed hereby, shall become dve and pay~
ab'c forthwith, w thereafter, at the option of said MORTGAGEE, as fuL'y and completely as if all of Ihe w~d sums of~money were wg~nally st~pulated
to be pdid on such day, anything in sa.d p~om~ssory note or in this Mortgage to the tonrrary notw~~hstanding; and thereupon o? thereafte~ at the opt~on of
s>_~d 610RTGAGEE, without notice or demand, suit al law w in equity, thereiore or thereaher begun, may be prosecuted as if all mwxys secured hereby
r,;d matuted prior t0 ifi institution.
7. That in ~he ever.t tt~at et the beginn:ng ~~4 or at any time pe~d~~rg any suit upon this Mortgage, or to foreclose it, or fo reform it, or to tnfwte
p:~vment of any C~dnT1S he~eurder, said A4URTG~.Gc' sha!1 appfy w the Court hayi~~g ~~~~sd:ction therrof tw the appointrtser?t of a Reteiver, wch Cour~ shall
t:.rcti.vi~h appoint a receiver of said mertgayed pro~erty al~ and siagu:ar, irct~:ng aU and singvlar the income. prol~ts, issues and revenues from whatever
c~ ~.,•:e derived, each and every oi wh:ch, ~r be~r.y express!y understoad, is Fereby mongaged as if epeufica~ly xt iwth and desu~bed ~o the g~aNiry and
t„cendum c:auses hereof, and such Receiver shall have aIt the broad and eiiecrive fu~tict:ons and powers in anyw~se eMrusted by a Courl to a Qeteiver, and
s cn appoinrment shall be made by svch Cowt as an ad~ni~ted eq~~ty and a R~aiter of aGsolute right fo }sid MORiGAGEE, and without ~eference to the
s~'eqe,;cy or inadrquacy ot the vaiue of ~fee prop~r~y mofrgaged or ~o :ne so:vr~~cy or ~r.;olvenc/ oi ~a~d MORTGAGOR or the defendants, aod that such ~
r_-r.s, profits, income, issues and revenues shall be appiied by such Recn~ver accorc:~:g to the fien or equity of said MORiGAGEE a~d the practice of such ~
Court.
8. To duly, promptly and fully perfo~m, d~scharge, execute, effec!, complete, comply with and abide by each and every the stipulationa, sgreemenls, i
ccnd~'~ons and wvenanta ~n sa~d promissory note and ~h:s mortga~e set fath. t
9. That in tfie ev~nt the ownership ol the mortgaged premises, or any parf thcreof, becomes ~ested in a person other than the MORTGAGOR, the
:~RTGAGEE, its successors and assigns, may, without notice to the 110RiGAOR, deai with such successw w successor in interest with refere~ce fo this
vtgage ard the debt hereby secwed in the same manner as with h!ortgagor wohout in any way vitiatirg a diuha~g~ng ~he /~Aortgagors' liability hert
..nue~ w upon the debt hereby sec~rzd. No safe of the Fremiaes hereby mortgaged and no forbearance on the pan oi tne MORiGAGEE or its successors
o• assigns and no exrens~on of the time fo~ the payr.:ent of the debt hereby secured g+ven by the MORTGAGEE or its successors or auigns, shall operate
ro re~ease, d+scharge, modify change or afiecr the orig~nal 3ieb~l~t~ of the MORIGAGOR herein, either in whole or in part.
10. 11 is specifically agreed tha? ti.ne is of the essence ef th+s co~tract and that no waiver of any obligation hereundet or of the obligstion st
;;~red h;~reby shail at any fime thereafter be he:d to ba a waiver of the terms Fereoi or of 1he irutrument setured Fie~by.
I1. In ~3d:tio., to the io~ego ng n:or.thb~ uaym~nts of pnnc pat aRd ~~+fe:est reyu~red by the promissery no~e setured hereby, mortgagor eovenants ;
~-~d agrees to pay ro marfgagee wiih each momnty aaya:eM an add:~eo~a'. sum est~^:ared by mortgagee to be eqvaP to 1; 12 of the annual cost of fhe 4ollow- f
`s
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A-All real p~operty taxes iev~~d or assessrd ag3inst rhe above descri5ed real estate. '
B-~:a~r.;ums on i~re ar.d ~v~ndstor~r, ir.sv:ar.ce as he~ee~ req~~red to be carried on IFe improveme~TS 3ituatt On ihe abov@ destribed premises.
~ C-Pre:n:ums on such mortgage guar~nty irsura~.ce as mostgagee shail from rme to ti~ne deem fit to tarry on fhe ban secured hereby.
~ Mortgagee sha + from r~me to time ~~tify mongagcr ir. w~:t;ng of the amount due and payable hereunder and such sum shall thereupon be due and
..,:,b!e on the Jve date of the next n~o .th!y payment and each wcc.ssive month thereaher un~il mortgagee shall notiiy mortgagor of a change in wch ~
~-,ount. Such s~rns s}~a'f be appiied by mortgagee to•.card the payment of rea~ property ta:es, insurance prem~ums, and mortgage guaranty insurance #
~ •~~~~ms. i
IN WITNESS .'1HERc'OF, the sa~d MOR7GA:~OR has hereun!o set his hand and seal the day and yea,~r first aforesaid. ~
Signed, Sealed and del jyered in the presence of: -~C^~.~~z~~ i LT/ " C:~=~/'~
n.
~ ~ ,~ii << ore L. der n
- ~
~ iY e Wilder q
5",+tE OF FLORIDA )
St. Lucie ~
. ;U'JFY OF - (
Before me personally appeare~_ ~1~a01@ j.• Wilder .~a
Sh~zley A. er
his wife, to me well know~ and known ta me to be
t~~ ~ndividuats descri6ed in and who executed the fwegoi~g instrument, and acknow!~
ed befwe me that they executed the same fw the purposes
+herein expressed. And the aaid Shirley M~ 1~11C~Y
r::~e of tfie wid ~leodose i.. Wilder upon a scparate and priwte
-=aT: nation by me taken separate and apart from her said husband, acknowledged to and be(ore me that she executed said instr~ment freely and volun-
I~ and w~thout any compulsion, constsaint, apprehensiore, u fear of w from her said hu:band.
June ~ 74
WITNcSS my i~and and offic:al seal this_ day b ' A. D. 19
: ~ / ~ " ^ ~ ~
< ~
~ ~ Notary Public in end fw th JState of F ida at Larye
~ My Commiuion expires: j~_~~~ %~l-
~ Return To: ~ .
r~rst Federol Savings d. loan Association
~ Of Fort P.ecce.
Fert Pie.ce. Flcr~da f LEO AMD REC4RDE4 '
i~.IUCiE GOUt1ttt F~A. ~d~ ~ ~
~ AdGc% Pf,ITr7AS l ~ - • % ~
CLERK C~:.~UtT COURT , wr , . V. _ '
This Insfrument Prepared By Robert A. Swisher JY. RECQRO VFP ~f~0..~..~.~ y•
First Federal Savings 8~ loan Association Q ~ = 3.'
of Fort P+erce , FloY ida ~ ~ 1 ~ ~7 45 ~ ~a • = ' ~ , ~ - . +
Chetked By C~4' '•t• ~ _ ' . ,
<7•~.A i
~~1iw~is ~ . ~ ~ ~
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