HomeMy WebLinkAbout2329 3. To place and cominuous~y keep on tf~e bui'.dings now w hcreaftet tituat~ on sa~d ~~nd +nd on all equip~nent and pe~wr+ally covcred by thi~ mort¢
ege, with all premivms thr~ew+ pa~d ~n fuli, fire ~~ivr.~~cz m the usual s~sndard policy form, in a ium appoved by the MORiGAGEE, and,wind~tam
~nsvrance in ths uiual ~tandard pol~cy form, in a aum app~oved by the MOR~GAGEE, in s+xh compa~y w comP+~~N ,s the MORiGACaEE may
duettp and all fire ~nd w~ndsrorm insurance pot~ues on any of said b~~ld~~s. aoy imerest therein w part thereof, in tM agyrepat~ sum afo~tsaid w
in exceu IhereoE, shall co~Tain ~he usual swndsrd mwegagee dause or such aher c'ause as tM Mwtys9ee may requ~ro. ma?ing ~ha ioa~ unde~ sa~d Po1M
uei, each and every, paYab!e to said MORTGAGEE as ~u ~meresl msy ~ppear, ar.d each and every tuth po'~cy shall be ptomp~ly ~ss.g~cd and delivercd ~o *
eny held by said MORiGAGEE a~ lurther security to ~aid mort~age deb1, ar~d, not l~ss thsn fen (10) days in advarxe of ths expirat~o~ ot each po~icy, to dr
I~ver 10 ~aid MORTGaGEE e ~e~xwal the~eoi, togetber with a rece~pt fa the p~emium ot such re~ewa~; and the~e shall be ra fi~e or wind~lorm insutsnc~
placed on sny of soid buildtngt, any interest ~he~ein w put therroF, unless ~n ~hc lo.~n and with the loss payabte as a(oresaid; a~d in the event any sum
of mw~ey bccomes paYab~e u~der such policy or policies w~d MORTGAGEE slwll have ~iw opt:o~ to recaive and apply ths s+me o~ accoun~ ol the indebted-
nrsf sKUred h2reby w lo permif st~d A10RTGACaORS to retrive and uSe it a any part the~cof ior oti~rr p;,rpcses. .v~+~out th_~r. u~ waiv~ o~ anpair•
;ng any equity, lien w right under a by virtue ot this mor:gage; and in Ihe evcn~ said MORTGAGORS shafl fa any reason fail to keep Ihe said premises ~o
~mvred, w(ail to d~t~ver prompllY any of s.+id policies of ins~~ance ~o sa;d MORTGAGEE, w fail pr~mptly to pay lully any pre~~i~~n therefo~ or in a~y
respecl fail to periwm, d~scharge, execule, effe:l, complete, comply wi~h and abide by this cove~ant, w any par~ hr~eof, said MORTGAGEE may place a~~d
pay fo? such insurence or any pa~t thereof wiihout waivi~~y or affecting any op~ion, tien, eqv~ty, o~ right u~der o~ by virlue of this Mortgage, and tfie
fc'I arnount of each and e.ery wch paymrro shall be immediately d~e and payabla and shatl bear i~terest lrom Iha date thereof un~il paid at the rate of
~~~•e per cenwm pe~ ar~n~m and io~r~he, wnh s~~ch i~~~er•~st sh~li be srcwed by the Gen oi this mortgage.
1. To pe~mit, commit ot suf(er no waste, impair~r.ent ot de~eriorat:o~ of said prcperty w sny pa~1 thereoi.
5. To p~y atl a~d sinywlsr the custs, charges and expens~s, ~nclud~ng a reaso~able attorney's (ee and coats of abst~ads of title, incurred w pald at
,ny time 6y said MQRIGAGEE, because w~n ~he even~ of the fa~iure on ~he par~ oi the said MCRTGAGOR to duly, promp~ty and (ully pe~lwm, d~scharge,
~xrcute, e(fect, complete, comply vv~th and ab:de by eath and every the s~~pulat~ons, agree~nents, conditions, and covenants oi said p~orn~ssory note and this
,,orrgage any or e~~her, ac~d sa.d costa, charges and expenses, each arxl eve~y, shall be immrd~ately due and payabfe; whesher w not there be notice de
mand, attempt to col:ect or sui~ pend~ng; and the fvll amount of each and every svch paymem shall bear ~ntcres? from Ihe date thereof uroil paid ~t Ihe
~ i~ o% n:ne per cenr.,~n F,a: a~:~~c.n; a-,c „il sa~d cos~s, eha~grs and ~xFC~+s,zs ~~curred or pa~d, togethar wd:~ such in~erest, shall be secured by the lien of thi~
mortgage. ~
e. 7hat (a) in thr event of any breach of this 11P.o.tgage or dzfault on ?Fw pan of the MORTGAGOR, or (b) in the event any of sa:d sums of money
herein relerred to be not pranN+ly and tuily pa~d within ~h~rry (3J1 days neat after ihe same teve~alty becoou due and payable, without drmand w notice,
;;r 1Q in the event each and e~e~y the st~puiat~ons, agraer~~its. co~;d~tions and covenants of sa:d promisw~y note a~d th~s mortqage any or e~ther are no1
i~,Y, uranptly and fulty per{or~r,ed, Uscha:g_d, executed, effected, comi:~eted. comp~~ed wirh a~d ab~ded Sy, then m either a any such event the said ag
3•~ 3ate sum menroned in sa:d ~ro~~nssory nw.e then re.~~a~ning unpa~d, wah interr~~ ac:rued, an~ all moneyt secured hereby, shall become due and pay-
e~, e fortnw~th, o~ ~hereafter, at !he op+:on of s.,~d N~ORi,`-iAGiE, as fuHy an~ co~~~p:etciy as ii all of the said sums of money were or~ginatly stipulated
_ t;e pa.d on such d~y, anythina i^ sa ci pro h:sswy note or in th~s Mo+~gaga ~o the connary notw~~hstanding; and thereupon w thereafter al the option o(
sj.d MORTGAGEE, w~:hovt no~~c~ or de~,:and, suit at iaw w in equ~t~, therafore or ther~afrer begvn, may be prosecuted as if all moneys setured hereby
n d met~red pr~Ot to n3 instit~t~on.
7. That in ~he ever:t rhat at tn~ bey+nn,ng o( or at any time pend~ny any su~t upon this Mortgage, ar to ~oreclosA it, or to reform it, or to enforce
;..,~~ent of any o3lms he*evnder, seid :'•iiRTv:+G~E shait apply tu the Co~re h~~:ng ;ur~sd.c~~on thcreof for the appointment of a Receiver, such Court shafl
r;,~~h.v~rh appcint e rece~:ef of s:'d •-::•!g~~:-d pr~f.,~tr ail and s~+:g~;ar, ~~~~~~Jr.g ei~ a~,d s~~~gu~ar fhe enco+ne, prohts, issues and revenues trom whatever
s_•~•ce derived, each and every of vri:c6, n be~=~y ~•x~,~rssi'~ und~•~s~ocxl, is nereoy r^ortyaged as if ipeufically xt fo~th and dexribed in Ihe g?anting and
i,,:,end~m c~a~ses hereof, and wch Rrce~ver sh3:f ha.~ atl ~he broad a~ d eir'ec!we iunct:ons and powen in anywise entrusted by a Cou?t to a Recaiver, and
s ch ap~in!mem sha1~ be made by such Cour~ as an ad~niit~~ eq~~ty ar~J a~~:a`ter oi absclute nghl to said MORTGAGEE, a~+d without referente to the
ed~y:,scy or inadequacy ot tfie vatue of the p+ope:ty rnor~gaged or to the srn~cncy or ~mu~vency oi said MORiGAGOR o~ the defendants, and thaf such
.;~r.s, profits, ~ncome, issues a~~d revenues shei! be appi~ed by such Rece,~+er acco~ci~ng to the lien or equrty of said MORTGAGEE and the practice of such
Court. ~
8. To duiy, p~c~nptiy and fully per(orm, d~scharge, execufe. effece, compiere, co~~ply with and abide by each and every the stip~lations, agreementi,
~r.di'icna and co.•enants in sa~d prom~ssory ~ote >:td thla mortgage set lorth. •
9. That in tl,e evr^t the ownersh~p of the mortgaged pram~ses, or any part thereof, 6ecomes vested in a person other Ihan the MORTGAGOR, the
:'RTGAC~EE, its s~ccr as:;rs and assigns, may, wrtho~t nolite to the N.OR7GFOR, deal w~~h svch successo~ w succeasor in interest wuh reference to this
•_••gage a~~d thc d_ot herrby scwred ~n the same manne~ as wilh ASartgago~ without in any way vifiating or dacharging the Mo~tgagors' liability herr
.~•.:irr or up~n t!~e d_F:t he:ei» secvred. Ne s3:e of ti~e F:erris>s hereby mortgaged a^d no forbeara~te on the parl of the MORTGAGEE or its svccessots
,~s:~gns and no enrers~on e! the r:~~~ fo. the payment of the debt herrby sewred g~ven by Ihe MORTGAGEE or ~ts tuttessors or assigns, ahall operate
~ re~ease, d,scharge, mod~fy cF.ange or affect the cr~n~nai liau:'rty of the N.ORiGAGOR herein, either in whole or in part.
16. It is spec:f;ca~;y agread tha~ time is oF the rssence of th~s cantract and that no waiver of any ob~~ga~ion hereunder or of the obligaYan se-
,.;•ed h.reby sha': af any ti~.e thareaFrer be ~cid to be a w~i:e* of the +erma hereoi o~ of Ihe instrument secured herby.
11. in aJ;i r.: ~ t~ rn~ focege •9 .no•:r1.'~ ~ a'r^~:nes o` pr~rc ~,3! ar.d in~er~sr ie:~u~:ed by tlie pwm~ssury no!e secured he~eby. mortqagor eove~ants
agrees to ~y to r.:or~g~gee v.~±h each ~-'or'h ,,~a~•.•^~,t an add.~ o~ai sum ...!ed by mortgagee to be equal to 1; 12 of the annual cost of the follow-
A-A~; real i;~,-~perr,~ tax.as ~ev~_d or ass•sc,.ci ~gi~~st th_ abo:t de>c~:~.d rial es+ate.
6-~r::•...~~• s cn f~~e and w•~ndsro~*c :nsur.,~ c- as nare~n req~.rcti to bN carrie d cn the :mprovemeits situate on the above described premises.
C-Pre^ s on s~th rr ~e gu~~a•'v ~~-sura~ es ~ne~ryagee shail frc:r t.~-? to time deem fit to tarry on the loan secured hereby.
If Mor.gagee si,,'~ 4c~n ++:~e :0 1~ ~.P nC'~fy :~.OrEy~g~• .r. •.v-~t:ng ef thr ou•~t d:,~ a~d payable hereundrr and wch wm shall thereupon be due snd
.-i,.e o~ th~ d~e ca?e oi !ha ::e~t ~~,u~•h'; r.ay~nenr r~d e~ch wco_ss:ve ~~o~rr t-.e-eafter until martgagee shall notify mortgagor of a change in such
~
~ ~vr,s. Svch sums sha;i be ar~'.~ed ny mort3?g-re to,•ard the pa~ment of real properry tases, insurance prem:ums, and mwigage guaranty insurante
I .::~rns.
~ I \'JITP:ESS '::HER~ rne sa~d :Y,ORit`iAG~JR has nereunto ser h~s h,nd and seai rhe day and year first aforesaid.
~ gned, Sealed a de~ +ere in ihe p~esence f:
•n
- - >tary L. ehin
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t~aq
- - (Seaq
;-:.TE OF FLORIDA 1
St . Luc ie ~ u~ _
;~~a*v oF ~
Before me penonatiy appeared _ tiSary L. Sehin, a single dOUlt ~
~ 1~61Qfl, to me well known and known to me to be
~~:~d+vidva! destribed in and v~ho executed the fwegoing instrument, and atknow~edged before me that Sfie executed the same for the purposes
c~ein eapressed. ~GICJdfE){'l~C---.
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` WITNE55 my hand and af(iual seal th~s_ day of June A. o. 19 74
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"~a, otary Public in and for the State of Fiorida st rye
My Commisiwn exp'uex y~,+ ~
Resurn To: ~ ',j •
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~ f:rsr Federal $av~ngs b loa~ Associat;on " iJ, ` ~~'i
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~ Qf Fort a.c rce. ' ; %I
Fwt P~erce. Florid, E~?Q AT L ~~LG fl~~11' _ "i•
. ~uR~~ 4~a ~r ~ ~
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~ poc~:i,cuiTGQV~t ,'~;y'-"~a+ _
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~ This Instrument Prepared By John tJ. Co11~H79RG r ~
First Federal Savings ~ Loan Association ~O ~ Q~ `y tZ~ -,'~~p{~;~•~;:~~~``.``~
K' ~
~ of Fort Pierce , F 1 or i da ~ Nfl J~.
~''~~t~r111i~~~~`~~
Checked By ~1.~-- r~
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~ gooK~z8 ~~E~324 -
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