HomeMy WebLinkAbout2870 3. To place and continuo~siy keep on the bu~:Jh~gs n~w ur he~ra(~er s~t~~te on ~a~d land end a+ al{ equiµoeM and perwnaily covernl by Ihit morl¢
aya, wi~h sil premiums the~con pa~d in iull, f~e..ins~ro~~ce ~n tne uwal sta~xfarJ y»'~cy iorm, in a sum •yp~ov~d by the MOR~GAGEE, a~~d w~nd~to~m
~nsv~ance in ~he uswl uandard poLcy form, in s sum
approved by tM MORiGAGEE, in fuch company or canpan~e~ a~ the MORTGAGEE may
d~rect; and all fire and wlndsturm inaura~ce poiiuas on a~~y ol sa~d builJ~ngs. ~ny intereat ~herein or parl theraol, in the aygre9~te ium afqts~id o~
in e:tess thrreof, shall :ontain the usual s'an~rrd mwtgagte clause or such o~har cleuse es the Mo~~y~aee may reyu~r~. maAirg IhQ io» unck~ fe~d polf
c~es, e~ch and every, pa~ab~r to sa~d h1vRTGAGtE as ~ts intcrctt may aNpea~, and ea:h and eve~y such po'~cy ahall tx promp~~y ~isgned end de~~~C~ed to
nny hald by said MORiGAGEE as further secu~ity to sa~d n:a~tgage debt, and, not tes~ ~han ten (10) days in advance of ~he eapirat~on ol each poGty, ~o dr
I,~er to aaid MORTGAGEE a renrwa~ thereof, ~ogNher wi?h a rece~pt for Ihe p:aRUVm oi such renev~•al; a~d there shall be no firo or wind~ronn insur~nte
p!aced on any oi sa~d lw~ld~ngs, any interest thare~n a pa~? rhareof, untess i~, ~hc ~o~m and w~~h the loss payoble as atoresaid; ar.d ~n fhe event any sum ~,r:~
of monsy becomes payabfe under such policy a policies said MORTGAGEE sfiall have ~he optwn to receive and apply the ~ame on accouM of the i~~dNbted- _
ness secured he~eDy or to permil Sa~d MORiGAGORS to reCrive and uY_ iT o? any p:.rt th?reaF lo~ oti~rr pur~~osrs, v.~~~*ouf th_n u~ wa..~•~3 cr ~~t~pau-
~n~ any eq~~ty, lien w~~ght under or by viriue of th~s ~no:sgage; and in 1he evero sa~d MORTGAGORS shall for eny reason iail 1o keep fhe sa~d premisrs so
neured, or (ai! to de~~vcr p~anptly any of s.fid {x+Lcies of iowrante lo sa~d A50R1GAGEE. or fai! promptly to pay fully any premwm thereiot w in ~ny r
resprct Iail fe per(orm, duchaege, exe<utr, efFecl, can~~,cta, co:nply wi~h and ab~de by th~s tovenant, a any part hrreof, said MORTGAGEE msy place and ',.r
~~y for tuCh insuronte or eny part thcrcof withovf weiving or affec!ing any option, iie~, equ~t~, or rigM ur.der d by virtue ot this Mortqay0, and tht
f~'I amount of each and e~ery s~ch payment shall be ~mmediately due and payabte a~zd stiall brar inre~sst lrom the date 1lureof u~~til paid ~1 the ra~e of
~ r per canrum per ann~~? rid to~e~l~er ~vi'fi such ~nter~st sh~i; i~e sec~:ed by fhe G~n o1 th~s mortgage. ,
To petmil, commif a su(fer no waste, impainnent or deteriorat~on o( faid property Or any part thereof.
5. To pay all and sinq~lar the costs, cha~ges and expenses, including a reasonaLle attorney's fee and coits of abstrads of title, incwred or paid af
.~,y ti~~u by said MORTGAGEE, beca~se or in thc event of the ia~turc on the par~ oi ~he said h10RiGAGOR to du~y, pra~~p~ly and fu~~y petform, d~xharge,
~:~c~te, eflec~, canplrte, comply w~+h and ~b:de by each and every the st~pulehons, agreemeMl, conddions, and covenants o~ sa~d promissory note and this
mo~!gege any or e~~her, and sa:d cosu, charges and expenses, each and ~very, shal; be ~mmedia~eiy due and payab:e; whether or no1 there be notice de
~:,a~~d, at~arnpt to to~leU or suil pend~ng; ~nd the tvll anwunt of each ar.d every svch p.~ym~m ahall bea. interest from the d~te thereof uMil paid ~t the
• o~ ~i~ne per cen;um Frr ~n~:~~, and ai! said costs, cha~~es a~id ~x~,.:nses ~ncvried or pa~d, tog~ther wdh suth interest, shall be secured by the lien of thi~
mo.tgage.
b. That (a) in the rvent of any breach of this Mortgage or default o~ the part of thc MORTGAGOR, w(b? in the event any of ~a~d sums of money
hrrein referred to be rtot prw-:pt:y and fully pa~d w~thin ~h~rty (30) days ne.xt a~~rr the same seve~aily become due and payable, withovt demand or notice,
or i:) in the event each and every the stipu:atio~s, a9~rements, co~~ditWns and covenanrs of sa.d prom~asury note and th~a mortgage any or either are nol
i.,:y, prom~sly a~d f~fly prr(orrneJ, d•scha-9_d, zxec~re:d, effec!ed, co~:~pSeted, compt;ed v.~fh and ab~ded Sy, then in e~ther w any such e~ent the fa~d ag
~regare sum mer.~ioned in said nromisso:y note then re:naining unpaid, w~rh ~mere;t accr;,ed, and ail moneys secured F~ereby, shall betome due and pay-
._e f~rthwith, or ihereafrer, at ~he op~ion of ss~d MORTGAG"cE, aa fully a~d co~npeete~y as il all oF the said.sums of money were ongina~ly stipulated
{e be pxd on wch d-.y, any~hing in sa d pro:~~~saory note or ir. this A!ortgagc tu the cor.rrary notw~thsrandinq; and ~hereupon w thereafter a~ the opuon of
s• ci MORiGAGEE, wnhout no+~ce or demand, suit at 1aw or in equ~ty, there(ore o~ tt;en•after begun, may be prosecuted as if all moneyf secured hereby
, d mat~red pnw to its instdut~o~.
7. ihat in the event that at tnr b~•ginn'ng :~f or at any t;me pending any s~~r up:~n this Mortgsge, o~ to fo~eclose it, or to reform it, or to enforce
~~;ment of any ca~ms hereu~der, s,~d :1URiGA.'v':c sha:l epptp ro the Covrt havu.y ~s~:1~ct~on ttkreof for the appo~ntment of a Receiver, such Court shail
.-±6.vith aFpoin! a re:eiver of se:d mo•tqayed urc.~.rty al{ and sin~vtar, i::c~~r3~ny ai1 ~~id s~~~gv~ar the income, prolits, issues and re+enoes from whatever
,..;•ce derived, each and every of wh.ch, ~r t~~~r:g ~~~~ress~y u:~de~stced, is 4ereb~ mortgaged as ~f spec~fically set iorth and desuibed in the grantin9 aod
i.=brndum c!auses henof, and suth Rece~ve- shs:: h.:fe a!f the broad ar:d efiectdve fur.i: ons and powers in anyw~se entrusted by a tourt to a Rece:ver, and
s..:h appointmenr sha~l be ~ade by wch Co~rt as an ,~c:,~in..•d eq~~ty and a matter oi absolute right to said MORTGAGEE, and withaut reference to the
=.;~q,;acy or inadryuacy of the va;ue of the prcpe+~y n:o~tgaged or to ~he so~vency or ;n~olvency of said MORtGAi'iOR a the deiendants, and that s~ch
r•,~ fs, profits, income, issues and reven~es shap be appl~ed b~ wch Recz~~er accwti::~o ~o the lien ot equity of said MORTGAGEE and the practice of such
Ccutt. `
8. To duty, prcmptly a~d l~~ly perform, discnarge, execute, e4tect, comp~ete, ce:z:r!y wi~h and ab~de by each and every the stipulations, agreements,
:.r~~'ions a~d covenants :n sa~d promissory note and th~s mortgage set forth. -
9. That in the eve^t the owrte~sh~~ oi the mo~rgaged prenuses, or any part thcreof, ~ecomes vested in a pe~son other than tFx MORTGAGOR, the
:,RiGAGE"c, its sv:cesscrs ard assgns, may, whhov: naice !o rhe .`.',Ok:G~OR, deo~ w~rh wch successor or ~uccessw i~ interest w~th reference to this
~+g~ge ar,d thc d_ct ~,erehy setured in the same manner as vvith blortgagor vvlthout in any way vihating w d~xharging the IAortgagors' liability here-
~ dr: or upa~ the d_L~ t:~reb~ seur~•d. T~o saie of ~he Frenuses hrreby mo+~gagcd and no iorbearance on the part oi the MORTGAGEE or its successors
„ as~~g.,s and no exrens~c-~ of shr !ime for the paym.enr of the debt h~reby secured given by the MOR7GAGEf o+ its succeuors or au~gns, ahall operate
!o rr ease, d~scha:Ae, meJ~fy chinge or afiect the originai liab.lity of The h.QRiGAGOR nerein, either in whole or in parL
10. It is spec:f;caliy aa~ced tha~ t~:n.e is of the essence of this contract and that no wai~er of any ob~~gation hereurtder or of the obligation se-
.,;r~d hareby eha!~ at any tir-~e thereafter t,_!d to be a waiver of the terms hereof er of the ir~strument secured he~by.
11. In a:i:J t~~~•~ to ih,~ io~ec~c ~:~on:t: r uay.:~~nts of prlnc ~:a; and i:~ie~cst requl:ed by the prom ssory nor~ secured hereb~, mortgagor tovenants
d agrees to pay to r:orryz,:~c ~.ith cae!^ ~r~~+~~F~iy pry: ~ent a~ ada,' onal svm ~s~.:_,areJ by m.xtgagee ?o be equal to 1;`12 of the annual cost of the follow-
A-A31 rea~ property taxas :e~ne:t or assess•.d ag ~~~=st thc ahove descr;bed rea~ .es~ate. •
6-C:-~:n;:~~ns en fire ar.d ~rindstc~~o ~ns.'=cce as i,<"•.~n r^yu:rcd ro 4~e ca•:kd cn the imFrovemeits situate on the above described premises.
~ C-Pre~~~iur*•s on such mc:!gage g~arantv ~rsvra~ ce as ~~o•tgacer sha;i frcT t me to time deem fit ro ca~ry on the loan secured hereby.
f k!ortga~ee s!~a!~ '•-c~n rime to t~me nonfy mort~a~o~ writ:~g oi the amount due artd payabk he?eundrr and such sum shall thereupon be dve and
; .~o'e o~ +he du~• date of ~h_ nex! ^~o~~h'~ c~y~~~e,.t end each s~ccess~ve month rhereairer ~r.tit mortg~gee shall notify mortgagor of a change in such
; „n+. Such s~ms 5~'d.i hf aapiicd 'oy ma•r~ag,i rovfa:d !he payment of real p.ooe.Ty taxes, insura~xe p~em;ums, a~id mortgage guaraoty insurance
~ _ ~'..~~rnS_
:
5 N\~IiP1ES5 :•:HEREOF, sne said MOR7G:.GOR has hereunto se! h~s ha~td and seal the day and ye ~f(rst afore
~Si n, Sea ar.d delivered in the preser.ce of: '
~ _ ~
~ _ C aZ 1 S g B Ofl 3.
I 1 ~a t
~ - ~Sean
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($Oa~
'-~TE OF fIORIDA /
~ \
".:u'.TY OF _ __St. _ Lucie ` i
Before me perso~ally appeared C~rles B. B111tOD~ a singlQ ad131t ~ .
?
_ ~'~Alll, ta me well known and known to me to be
~ individua' described in and who executed the foregoing instrument, and acknowledged befwe me that he executed the same for the purposes j
i
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~ ms~m~s~esf~~.wsi~~m~3i~~s~~ad~md~g~~ed~dssas~lsta6sssmme~sai~mstr~a~tfasl7t~ed.~~ao
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1~tiITNE55 my ha~d and offic~al seal th~s___ _ day of '~~e A. D. 19 74
~ ~
`,`V tary Public in and for t State of F{orida ~ La~e
~ y Commisaion expires: /J'~ ~ ~
a? Retum To:
~ r:rst Federat Sav~ngs 3 loan Aswciat:on fILEO Akt ttECOR0E0 •:~=~'t:,:
~ Of ~urt P.err_: fT. WCiE ~.~•OUMTY flA. l t~ii~:•:~~~~'"
fo:t P~c+ce. Flc-:dn ftOCE3 F~iTRAS ~~t•;~
~ CLE~K ~:?CUIT COURT E ~
~ RECORD vEF:F~ED - ~ ~ ;
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~ ~u~ 1~ 3 3? PH 7~1 ~~o,,..
This Instrument Prepared By J. H. Roberts Jr.
~ F~rst federal Sevings 8~ Loan Association ~d.~ ~1~- _..~~`_='r; •
_
~ of Fort Pierce ~ Rloiida 33450 ~QC~~~y . . . ,j ~ ~
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