HomeMy WebLinkAbout2331 3. To place and co~~inuously keep on the bu~:dings now w he~eafter s~tuste un aa~d Iand and on el? eq•rip~r+ent and perswally covered by ~his ma~~
e9e, with all p~emiums thereon pa~d in 1ult, fire i~isui.+~~e i~ ~be us~al sra~dard ~!icy form, in a ~um approved by the MOR~GAGEE, and windeto~m
~n~uranc~ in tM usual atsnda~d pot,cy fam, in a s~m approYed by the MORTGAGEE, in tuch companY or compan~es +s tM MORTGAGEE may
d~rect; and all lire and wind~torm insu?ance policies on a~y of sa~d bu~~d~ngs, +ny ~ntero+~ ~F+a~ein ~ p~~l lhereof, in Ihe agg~ey~te sum afaeta'~d a
in exce:s thareof, ~hall contain ths usual standarJ mongagee dsu~e o~ such u+her c;auia es ~ha Mo~~gagee may requ~~~, ma?inp the ~oss w~der sa~d po~F
c~ea, each and eve?y, payable to said MORTGAGEE as it~ in~errit mey appear, and ca:h and every ~uch poticy s~aSf be pranp~iy a~sg~ed a~d delivered to
any held by said JJORiGAGEE as ~urthrr. security ~o sa~d mo~~yags debt, and, not le~s than ~en (101 da~s advance of the exp~ration oi each poGcy, ~o d~-
I~ver fp said A10RiGAGfE s renewal thereof, 1o~e~her with a receipt for the p~rm~um oi such renewsl; and there sha1) be no fire or windsto~n+ insurance
placed on any of sa~d bu~ld~ngs, any in~ereft the~ein or parl fhereof, un~ess in the form and with the loss payable as aforesaW; and in the eYeof any sum
oi money becomes paYable unda such poticy a po~rcias said MORTG4GEE shall Mve ~he op~wn ro rece7ve artd app~y the same on sccov~v of the indabted-
ress secured hereby a to permil ~a~d MORTGAGORS ro receive and uu it or any p~~t m~rr.•o~ for osner pun, oses. v+~~hcut th_~. u~ v.ai:n~3 u~mpau-
in~ any eq~~ty, lien w r~ght uoder w by virtve of ~his moregage; and in the event sa:d M~RTGAGORS shafl for any reason fai! ~o keep ~he sa~d p+tmisas so ,
~nsured, or fail to drliver promptly anY of said pol~c+es of insura~ce ~o said MORTGAGEE, w fail prompNy to pay fully aoy pre~~~~vm therefor or in a~y
respecf fait to periam, d~scharge, exec~te, effed, comp~eta, co~ply wirh and abide by this covenant, or any part hrreof, said MORTGAGEE may place and ,
pay (ot svch inwrance er any part thereof withoul waiving w affecting any oyt~on, lirn, equAy, or right ueder a by virtue of this Mo~tgage, and tAe
4„I! aniount o( each arxl e~ery s.,ch payinenl shalf be iminediately d~e a~d payab!e and shafl baar i~~terest from the dale thereof until paid at 1he rote ol
,,e pcr ceotum pe• annum and to~c~Rrr with such intrres! sha+f be secured 6y the I~en ot th~s mortgage.
To pennit, commit or suFfer r.o waste, impain:ient or derrriorat~o~ of sa~d property or any part thereof.
S. To pay all and siregular ~he costs, charges and expensrs, ~nctuding a~ea:o~~ab!e anwney's fee a~d costs of abstratls of title, incurred or paid at
rny t;me by said MORIGAG'E, because or in the eveM of the failure on the part of the se~d MOR7GAGOR ~c duly, p~omptly and iully pertorm, d~scharge.
~xccute, etfect, comptete, compty w~th and ab:de by each and eve.y the atipu:atans, ~+gree:nents, tondit~ons, aad covenants of aeid promissory nute and thii
,:ortgage any or e~~h.~r, and sa~d costs, charges and expenses, each and every, sha~l i,r itnmed~ately due and payable; whether o~ not the~e be ?atice d~s
~nand, attempt to coilect w wit pertd~ng; and the fuil anwunt of each and every svch paymem ahail bea. imerest irom the date iFKrcof until paid at the
c+ nine per centum Nar annum; anr a11 said costs, cha~•3es a~d ~aprnses ~~~t~~rrd or paid, togather ~vJh su'th interost, shall L~e setured by the lien of th+a
mOf19a9Q. ~ '
6. That (a) in the event of any breacl~ of this Mortyage or default on tFw pa~1 oi the MORTrAGOR, or (b) in the e~en1 any of ss~d sums of money
h~rein referred to be not p~anptly and fully paid w~thin th~rty (301 days next a'ter the same severa~ly become due and payab~e, wilhoul dem+nd or netite,
or !c) in ihe event eath and every the sti~u~at;ons, agreements. condttions and covenants of sa.d promissory note and this mortgsge any w t~~her are o01
iviy, pranptly and f~lEy pe~formad, d i=haryed, ex~cu:ed, e{~ectcd, cor.~p~eted, tomp:.ed v.~ih and ab+Jed `ay, then i~ e~the~ w any such eveM the sa~d ag-
~•e9ata sum me~uioned ~n sa~d prom,ssory nota the~ rema~n~ng u~paid, with ~nteress aarued, and ati moneys setured hereby, shs~l betome due and p~y-
ab e fo~ihwith, w thercafre~, at the option oi sa~d MORIGAGEE, as fu~~y and comp!e~cly as ii ail of the said sums of money were orginally st~p~lated
~o he pa,d on s~ch d~y, anythi:ig ~ri sa,d Fro n ssory note w in th~s M.ortgage te the con!rary notwithstand~ng; and thereupon or thereafter at the opt~on of
s.~~d MORTGAGEE, witt:out no'~:e a* ciemand, s~it at taw or in equdy, ~herefore w Hierva(ter begun, may be prosecuted as if all moneys secured hereby
n::d matu~ed pr~or to ~ts iastitut~on.
7. ihat in the evenf that at tne brginning uf or at any time pend:ng any suif ~pon this hlortgage, u f0 fwetlose it, or f0 tefpm iT, or f0 !n(orte
;;.~,me~t of any c'a~~ns he~eunder, soid h10R1~:.vcf shalt a~~ply to ~he Cc.,:t hav:~,y ;~~~ad:ctton the:eof !cr ihe eppointment of • Receiver, such Courf shall
r-:: +i ~cith appoint a re.eiver of s.ud mo~ty.+~ed p~op_:ty a:i and sin3~~iat, inC~vci n~ a~d s~ny~la~ tt:e mCOme, prolds, issuCS and revenuef from whatever
s: ~•ce derived, each and every of wnch, ft tr~~ng e~~:ress:y u~de:s'~vd. is Fe:ciy ~~.c:~~jgrd as if spec~(itally set fwth and deuribed in the g~anting and
F~3i,endum dauses hereof, and such Receiver sl~ait have all the broad and eitcc!~ve fvcc' c:~s r*~d powers in anyw~se emrusted by s Court to a Reteiver, and
s. ch appointment ahall be made Ey s~,ch Court as an ad:^ined equity ond a rcane~ cs ahso'vte right to said MORiGAGEE, a~ withcut reference to Ihe
_::_yv~cy or inadequacy of the vaiue of the property mortgaged or to ii:e so:vency o• •~~-e•~ency of said MOR(GRGOR or the defendants, and that such
•s. profits, income, iuves ard revenues shall be apal~ed by such Rete~ver atccrd~~~9 tu the i~en or equity of said MORTGAGEE and the praUice of such
CJUrf.
8. To duly, pr6mpt;y and ful~y pc~foim, ci:s:nar~e, execute, effect, comp~ete, co~npi~ w:th and abidr by each and every the stipulations, agreements,
..^.d~ric:n and tovenann ~n sa~d pro~T~~s:ory nose and th~s morsgage s~t forth.
9. ihat in the e~ent +he o+~nersh~p of the mortgaged pre:n~ses, or any part thereof, ~ecomes vested in a perwn other than the MORTGAGOR, the
:'^RTGAGEE, ies succcsse~s a~:d ass~~a:, may, winc~uc noo~ce to ~he ~d02TGAOR. deai ~vd~h s~ch s~ctessor or sutcessor in interest w~~h reference to thia
•~-igage and thc d_Lt !:ereby secured in the same r.:ersr,er as w~th l.lortyagor wiihout in a~y way vitiating or dixharging the M.ortgagors' liability h[rt
,_i_~r w upon the de~t herrby se:vred. ."~o sa:e of ~he f~e~r.:ses he:eby mengaged ard no forbearance on the part of the MORTGAGEE w its suecessors
~ r assign5 a~d no e~°ensian of thc l~ine ter the payrrent of it:e dFbt h?~ct:y srNred givc~ Ey fhe MOR7GAGEE or its suttEisws or aasignS, s~iall operate
c re case, d~scharge, n~adify cha~ge or af(e;f ~he ori3,r.a! Uan t~ty of the N~ORiGAGOR here~n, either in who~e ot io part.
10. It is spec:f~ca;iy ag•eed thst ttme is c~ the essence of thii cor.trad and that ne waiver of any ob~~gat~on hereunder w of the obligatan se-
cu-ed hereby sha+.~ at an~ time ~hareafter be he!d to be a~vawe: of the terms hereot or of the instrumem secured herby.
I1. In ~:i;7:r:~-~ ro th^ iorege r~g +:,onsF.'y Ya;:~~ ~nis o~ ~:-~~~c pal and i.•erest requ~red t~y the prem•ssory no!e secured hereb~, mortgagar tovenants
a a:yces to ;~ay to ~^o•!g3n•_e v.~th each ~z~c+~a1: ; p3~~ :~•~ii an a+~i r:ona~ s~+i~ :st ~-i~eci bf mortgagee to be equat to 1' 12 of the annual tost of the follow-
A-A~I real prcpcrty t3xes ~eo~ed o* asses~•_d ay~• ~st the acoye des"~b~ d real ^s'~te.
B--Y;•.:~:~o:~s o~~ :~re ar.d v.~r.dstoan ;rsura~.cz as h_;ein req~~:red to Cd'L~PC~ on tiie ~mprovements situate on the abovc described premises.
i C-Pre~niu+rs o~ such mor+a_~ge g~ara~t~/ irw*a+c> oz mc~tgaeee sh3ii frc r. t~re ro tene deem fit to tarry on the loan secured hereby.
I V!o•~33a~a sh;., `•om !~m.e to !~~~e r.cr,!; mcrr~agor ~n :v+~r~~g of the a~: a_~~i d.,e and payable hereunder and such su:n shall thereupon be due and
~ ,.,h;e on the CIU=~ ~3T? of rh~ ~~ext ^:o :tnty oay:~~e ~s a~d e~th wccess~ve T.o~~tF: rhe*eaft: r ur.til mortgagee sha0 not~fy mortgago+ of a change in such
j -.~~~m. Such sv•~+s shaii ex appiied by mortgr.gae rc.va-d tne payment ot real prope~ty taxes, insurance prem.ums, a~u1 mortgage guaranty insurance
E . -c ni~ms.
I~J WITPSESS Y:N:R` tne sa~d MORiGAv7R nas here~nto set his h~r.d and seaE the day and year first aforesaid.
, Se d ve: ' the pre`sence of:
~Sesq
' - ~l~_ Ra rid D. Ca~n ~s1)
1 (Sean
Shazon L. Caap rseso
~"=.TE OF FIORIDA ~ ~
St . Luc ie u~
;~r~TY OF - ~
Before me penonally appeared _ RA{/~Ond D. Cd~ a^~
Sharon L. C~~._ his wife, to me vveil known and Rnown to me fo be
_ ir,d~viduals desu~bed in and who executed +h~ foregoing i~snument, and acknowledged before me that they executed the same fw tlx purposes
~^•:-ein expressed. And the ~~~a_ Shazon l.• C~1~
Ra OTId D. C _ uPo~ a separate and p.iv+ts
of ~he said ~ ~p
nanon by me taKen separate and apart from her said husband, ackn~wledged to aod before me that ihe exetuted said instrumeM freety and voluo-
~ ~-..y and w~thout any compufsion, cerstraint, apf r ns.on, or fear of or from her said husband.
~,w~" Y/{TNESS my hand and offiuai seal th:s__! day of 'T~1e A- ~9 74
.c~ / - . ^ ,C _ ~ 7
~ / otary Pub~ic in and fw the State of /ida at L
C My Commisaiw~ expires: J~~
Returr. To: ~ ~
~
rirst feaeral Savings d. loan Associat~on
Of iort P eree. •
Fort P~erce. Flcr~Ja Q~~~R~E~
A y Fl~• ,.,;,:~,~,~~,,,i,,f~
' fll`u~lE~ 01f jR~s ~ ~`t.L
~ St • aOGE~ r~~ j CO~Rt ~ G
This Instrument Prepared By Jp~ W. Collitts ~~~C ~~'~F E~p
~ First Federal Savings 8 Loan Association aE~' AM _ . ,~~.r _
~ of Fort Pierce ~ Florida 33450 '1o g ~g ~ ' ic
.1tIN ~ ?QL j , : - -
Checked By ~..-a----- %i, • , = .
's% R~DQ At. f
x ~c]ry~ ~j'k%H~~~~~~u~,~~`~ '
0 R ~S P{IGE~.t)l.lJ • ~
800K
~ _ - ~ s I - ~ ~ ~ t ,
~ _ - - , _ = ' ~ _