HomeMy WebLinkAbout2872 3• To place and cominuously kecp on ~he bui!J~ngs now or heraafter ~ituat~ on s?~d ia„d a~d on a11 equipmenl and perw~+~~Y ~overcd by this mortg- `
ege, with all {xemiumt tF~ercon pa~d in full, fire insur~ncr ~n the vsual aiandard pc:~cy iorm, in • ~um aNWoved bv ~he MORtGAGEE, and w~ndstwm
~ns~r~nce i~ ~he usu~l sundard pol~cy form, in a~um app~oved by ~M MORTGAGEE, in ~~ch tompany o~ cwnpan~es ai ti+~ MORTGAGEE may
d~rcu; and all (ir~ ~nd wind~to~m inswanca polic~es on ~~y of said b~ild~ngs. any inlere~l thcrein w p+rt t~ereol, in tM ayq+ega~a sum ~foresaid a '
~n eacKS thereof, tMtl contain the usuat e~andard mortgaqee claut~ a sucb o~her dause as tM Mok9+9e~ may ~equia. makinq ths ~ou urxlm sa~d po~i-
c~es, e~ch and evrry, payabte ro taid A\ORIGAGEE as i~s imcr~~t mey appear, and eech and every such policy shall be promp~lY ass g~ed snd detivared ~o -
a~y held by ss~d MURTGAGEE as funher tecurity to sa;d matgaye debt, and, no? lESS ?han ten (10) dsys in advance of the expiranon ot each poGCy, 1o de-
;,vEr to taid MORTGAGEE a re~rwal Ihereof, together w~th a rece~pt fu~ the premium ot such renewe~; apj} the~e shafl be no fire or w~nds~orm insuranc~ i.
pln<ed on any of sa~d buitdinyt, any infe~eit therein or p+rt thcreoi, unlrss in fhe form and wi~h Ihe lou payable as eforesaid; snd in ~he event any sum
of money betome~ p~yable undsr such policy or pol~cies wid MORTGAGEE shafl I~ave Ihs opt~on to recaive and apply the s~me a? actoun~ of the indebted-
nrss secutecl hereby or to permil said MORTGAGORS to ~eteive ant~ use it W an~l part thereol tor otiic~ pwE~oses, vi~thout Ih_r. b~ war+u~9 ot ~~nPd~s-
~ng any equity, lien or right under or by virtue o1 t~is mor:~age; a~d in tM e~ent said MORTGAGORS shall (w any reason fail to keep the said p~emises w
m~ured, or fail ro dc!iver promptly any of said po~~cies ol insura~ce to said MORTGAGEE, o~ fai! p~ompNy fo pay fully a~y premwm therelor or in any
respec? lail ~o perform, d~scharge, execute, ellect, tomple~r, comply wirh ~nd ab~de by th~a covenan~, a a~y part hereof, said MORTGAGEE may p~ace a~d .
pay for wch insurance o~ any part thereof w~thout waiv~ng o~ af(ecting a~y opuon, Gcn, equ~ry, w r~gM under a by vi~lue ol this Mor~gage, and the
4~I1 arnount of each and e.ery such paymenl shatl be ir+mediately due and payable and shall bra~ interetl from tM date thereof until paid at the rats of
~~~,e p.:r centum per annum and ~o~r~hrr w~th wch interest shali be sec~red by H~e I~en ot th~s mwtgage.
4. To permit, tOmmit w suife~ no waste, impa~rment w deter~oration of said prope~ty or any parl thereof.
S. To pay all and singula. tha cos~s, charges and expenses, ~nciuding a reasonable at~ancy's ~ee a:x! costs of abstrscts of title, incurred w paid st
eny timc by said MORTGAGfE, because or in the evem oi the fa~iure on the part o( the aaid MORTGAGOR to duty, prompUy ~nd fully perfwm, d~xharge,
~xecvte, effect, complete, comply with and ab:de by each and every ~he at~pulat~ons, agreernents, ca.d~tio~s, and mvenants of said promiswry ~ote and ~tiis
,,,~r~gage any w e~~he~, and sa d cosrs, charges and expenses, each and every, shall be ~mmrd~atzly due artd payeb!e; whether w not there be no+~ce d~
mand, attrmpt to coUect or suit pending: and ~he tull amount of each and every such payment shaN bea~ ~ntereat from Ihe date thereof uNil paid at tht
~.,re o~ n+ne per cenlum pc°~ annum; and all aa~d cw», cha~ges and expenses incurred or paid, logrlher w~th such interest, thall be sec~rr! by the lien of this
mortqage. -
6. Thal (a) tn the event of any breach of /his Mortgage w defaulf on the parl of Ihe MORTGAGOR, o~ Cb) in the event •ny of taid tums of money
here~n referred to be not promptty and fully pa~d wifhir. ~huty (30) daya next aher the same severatty t~tcome due and payable, wi~hout demand or ~otice.
o~ 1c) in the eveN each and every the stipuiations, agreemerits, cond~tions and covenams of sa.d promissory note and this morlgage eny or either are nol.
i~:y, pranptly and iully pcrlonoed, d~scnarged, eKeculed, eflected, completed, compl~ed with and a6ided 9y, then in eilher or any such eveM the sa~d ag
~•c~ate sum memioned in sa~d promissory note the~ rema~ning ~npa~d, wieh ~nterest acavrd, and a~l moneYS secured hereby, shall betome due and pay
aole fo~thwith, o~ thereafter, at tbe option oi said MORIGAGEE, as fwiy and campir~c~y as ii atl of ~he w~d sums of money were orginatly st~pulated
re be Qa:d on such day, anyth~ng in sa:d p~c~n~sspry note or in this ldortgagr to the cO~~~rary notwi~hsta~ding; a~d Ihereupon w thereaher a~ the ophon of
s~.d MORIGAGEE, wnhout notice or derna~d, su~t at iaw or in equiry, therefore w thereaher begun, may be proxcWed as if ail moneys secured hereby
n_d masured pnor to ~ts inst~tution. ~
7. Thar in the event that at the beginn;~g of w at any time µending any wn upon this Nb~tgage, w to fweclose it, w to ?eform i1, or to enforce
~:~vment of any deims hercunder, said MORTGAGcc shaU appiy to the Cou~? havicy ~~..r~sdlction thereof io~ the appoiNmenl of • Receiver, wch Coun shafl
~rh.v~th aµ;.c:nt a receivrr of said mo:rgayed proa~•ty aU and s~rtgviar, inc?ud~ng .,ii and s~~gwar the mcome, profits, issues and revenues trom whatever
s, ~~•ce denved, ea:h and every of wF ~cti, rt tx~ng enpress!y undersiood. is he:eby mortye9ed as if spetifically set forth and desuibtd in the gwnting and ~
f..,i.~ndum clauses hereof, and avch Receiver shall h.~vc all the broad aod eff~cnve fur.c•:ons ~rsd powers in anywise entrusted by a Court to a Reteiver, and
_ ch appointment ahall be made by such Court as an adm~tted equ:sy and a mauer uf absotute rigM to said MORiGAGEE, and without reference to the
rci_qvocy or inadequacy af the value of the pjc~n:rty mor~gaged cr to ~he so..rncy ^r r.~-olvency of sa~d MORTGAGOR w the defendants, and that sucF:
r. ~:ri, prof:ts, incwPe, iswes and revenues shali be appl~ed by wch Reteiver aaord,:•,g ~u tFu lien w equity of said MORTGAGEE and Ihe pradice o( sucb
Covrt.
8. To du:y, promptly a~,d (ully perform, disctarge, execute, e{fect, tomptete, comply w~rh and abide by each and every the stiputations, sgreemeNS,
.,nditions and covenaros in sa~d p.~~saory note a~zd th~s mo:rgage set iwrh. -
9.?hat in the event the ownership of the mortgag°d prem;ses, or any part ti:ereof, 6ecomes vested in a person other fhan the MORTGAGOR, the
:'~RTGAGfE, i» successors and ais~gns, may, wirhout no~ice to the MORTGi+OR d~al v~r~th such successor or succefsor io ioterest with reference to thia
' v~rgaye and the debt hereby secured in the same man~cr as w~th l.lortgagor vv~tho~t in any way vir.aiing a diuharging the Mortgagori Iiability here-
,~,~.ier a upon the debt hr.eby secured. No sa~? of ~ne Frem~ses herrby murig~ged ar.d no forbearance on the part o1 the MORiGAGEE or its suecessors
asigns and no extemron of ~he tim- lor the paymem of Ihe debt he~eby :ec~red given by the MORTGAGEf or its successars o~ ass~gns, stiall operate
~e~ease, d:scharge, modrfy change or affect the or~g~na~ Iiab~I~ty of the N,ORiGAGOR herein, either in whole or in part.
10. It is sper.fica~~y agreed that t~+ne is of the esaence of th~s covrect and that ~o waiver of any obfigation hereunder or of the obligation st
c~~ed h.:reby sha~'t at any tim~ Ihereatte~ be held to be a waiver of the terms hereuf or of the instrument seturtd herby.
11. In add.i:c~ ta the ~..rego'+r~ montn~~ pay~,_~~ts of pn:ufal and ~~~e-cst requ~red by the.promtssory note secured hereby, mortgagor covenants
d;gr~es to pay ro mo:tgtgee v~~rh each ~no~tiuy pa~~ :e~a ar. add.~iona~ sum _sc ^,ared by mortgagee to be equal to 1%12 of the annual cost of the follow-
A-All real prepe~ty texrs :evied or as:asscd agai~est t1u_ aoove desri~_d real estate.
&-Prerr.s;,ms on i~re and windsto~m ~ns~~ra: cr as F~e~c~n r;•qu:red to be carr,Fd en the ~mproveme~ts situate on the above described premises.
C-Premi~ms oo such mortgsge aua~anty ~r.wrar.ce as mort_yagce shal~ fro-*~ : me ro time deem fit to tarry on the ban secured hereby.
'i Mortgagee s!w?I f+crn time to time notify mongag~r in writing of the amouro due and payable hereunder and suth sum shail thereupon be due and
~ .~b'.e o~ the due da!e of the next +no~th:y payment and each successive ~r.onih ehereafter u:ail mwtgagee shaU notify mortgagw of a ehange in such
E c:,.nt. S:xh sums st:a:i be applied by ma7tgag~>e to.vard the payment of real properiy taxes, insuronce prem.ums, and mortgage guaraNy insurance
C . ~.~.lums. .
1 IN \VlTNE55 WHEREOf, tne sai ORTGAGOR has hereunto set h~s hard and seal thc day and year firsl aforesaid.
I
Sign . Seak d delive in th resence of: ~ o ~
~ ~r~~ ~Sean
C• ~!1@ M'd a1)
~ ~Sea4
- S11S81T! H • MAjI (Seaq
5":.TE OF fIORIDA
u.
"'`U.'JTY OP St. Lucie 1
~ --Befote me personalty appeared . C'• D~e ~y a~
$uShc] H. ~'~d~[, his wife, to me weil known and known to me fo be
i~dividuali described in and who executed rht foregoing instrumem, and acknow;edged before me that they executed the sartk for the purposes
~-crein expressed. Md the said Susan H. ~SI
ie of the said C• D~ne ~Y - opon s separate and pirvatt
•-~-n nation by me taicen sepa~ate and apart ira-n her said husband, atknowledged to and before me that she executed said instrument freely and volun-
y and without any compulsion, constra;nt, apprehens~on, or fear of w from her said husband.
~ WIT~~E55 my hand and oHiual seal this__ day f- J~e A. 0.~ 19 74
~ •
~e:
~ Notary Public in and for the Stat f fbride ge
~ My Commission expires: '
iteturn To:
first federal Sa~inqs S loao Association ~
Of iort P;erce.
Fort Picrce. Florida ,,~~~•~~111~7 'f •
/14f P ~M!, R R , ~J~,,~~.~t:~,.
~ Co E j ,
it. 4UC~E c9UNTY ~L~. J~ a. S~
~ ROGi~ POITR?~ ~ ~ . ~~`y~=;
C~E'r. C~~"~~1T cOURT ~ r
~ This Instrument Prepared By ~J, H. Robelts .fl~~`~^" `'`-u`a,ee~.~.~.~ ; : . •
fl~ •.~•;~=.~r
~ First Federal Savin s & loan Association ~ ' ~ '
9 Florida 33450 15 3 3~ PM ~7~ " ' ~ ' ~
of Fort Pierce ~ ~ rn ;~'r,. . :
, v~~~s. .
- ~ _ :
~ Checked B ~ ~ ~`.'•••..:•:-'~•r `
y 285~38
4~'JyyWRI CJ r~',.:.~• j
BOOK~O PAGE~O~ . .
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