HomeMy WebLinkAbout0563 3. To place a~d co~r~nuousty keep on tM bu~:d~~gi now w kereatir ~tus~e on sa~d I~nd ~nd on all equ~pne+u and ps?sonolly cov~red by ~hii morr~-
~g~, wi~h a11 p~em;~ms ~hereon pa:d :n ivlt, f~re ~nsurancs ~n ~he usua! s~+ndud poGcy fo:m, in a sum appraved by ~he ~IIORtGAGEE. ~~d w~~dstam
insura~c~ in tM usual ata~dard pot~cy for~n, in • ~um app~oved by tht MORTGAGEE. in tucfi companY ' o~ ca^Wniei ~s •~M MORIGAGEE r+++y
d~rect; ~nd al! iin +~d w~r+da~orm insurance pol~c:ri on any of sa~d bu~ld~nq~, sny inte.~~~ ~F+erein w p+r1 ~he.cof, in ~M +gyrcya+e sum aiaesa~d a
in ~acsss thereof. ihail contdin ~he usual st~idard morrgaflae dause a iuch oTher claute sa tht Nbr~ya9ea m~y rcquu~. m~king ~M loss ur~drr ss~d polf
cies. esch and every. pay'able ro said MORiGAGEE as ~tt in~crrst nwy appsar. and each and ~vay such ?~~~cY shsll be prompfly gned u~d delivered ro
any beld by sa~d MORTGAGEE as turdKr secu~~ty to sa~d mortgags debi. and. no~ less tnan tcn 1101 daya in adrance of the •apir~i~oo of each pol~cy. lo d~- - t,.1
I;vN ro said MORTGRGfE s rerww~l rhercof. ~o9eiha w~~h • ~ece~pt for tM p~~ium of a,ch renswal; and tnere ~+all t» no f~re or w~~da~onn i~suranc• f
plsced on sny of iaid buildinps. +ny ioeeresl thsrein or part 1he~wf, ~nless in fM fwm and with the ~ou p+Yabl~ as afwesaid: u+d in ~h~ event anY sum
of money bccor.nes payable undc~ such policy o~ po~Kies se~d MORiGAGfE sfiall Mw ~he op~~on ro receiw and app~y ~he same o~ +tta+^~ o~ "'~b~`'d'
ness secured hereby w w permit sa~d MORTGAGORi to receive and use it M any p~~t thertoi fw oti~r~ pwposes. ~.~~ho~t eh~r~ol w~~•~.~~ ~~^'p~'^
ir+g any pwty, lien or ryM under a by virrw of this mo:'9aye: and in tM ev~M sa~d MORTGAGORS shall ia sny reason fail to keep ~he sa~d p+emisrs w
inswed. w fail ro delive~ promptly a~y of sa~d polKies of iniurance ~o aaid MORTGAGEE. o. fs~l prompNy to paY fu11y sny prem~u~n therefot w in any
respect fail w per(wrt?, dixharge, e:eture, effect, complete, tomply with and abid~ by this tove~4 w+~Y Pa~t Ae'e°f, sa'd MvRiGAGEE may place a~~d
paY tor u,ch in~urancs w any p+rt ihereof wi~hout waiving a afiec~;np a~y op~an. I~e~. eq~~ry, a righr unde. o. by virtue oI ~hls Ma~gs9e. and ~he :
f~l! amovnt of each and every such payment ihall be immediatety dw +u+d paYable and shall bcu imerest from the dat~ thcreoi uniil paid a~ ~he ra~s o! ~/j i
n~ne pe. cenrum per snnum and ~o~e~her wi~h such interM~ ShaEl be secured by tM IiM OI thif rtwrl9~g!•
1. To permi~, com~+it or suf(er no waste. ia+p+irment or deleriowfion of uid p~operty w any pan thereof.
5. To pay all and iinpular ~he costs, charges and eapenxs, including a ressonable attwncy i fea and costs of abstracts of tiNs. incu~red w paid at
eny time by said MORTGAGEE, beceuse p in the ~wrm of the failure o~ the part oF tM said MORiGAGOR to duly, praeptFy a~d fu11y pert-•~n, d~xharg~,
execute. eifect. comptcte, ca~+ply wuh and sbtcfe by exl~ u~d every the atipulat~ons, agreements. co~d~tions. and cove~+anis of sa~d promisso~y no~~ and +h~s
mortgage any or ei~het. ~nd said cosrs, charges and expen:es. eaci~ and every. shall be immeda~cty dw and p~yable: whe}her w oot tt?ere be no~ice da ;
mand. atrempt to coltect or wit pend~n9; and ~1?e fvil amount of each and every such paymem ~hall beu ime~esl from ~he date thereof unril paid a~ ~he j
rare of nine per cenwm pe~ an~~u:++; a-rw all sa~d costs, charges and eapenses ~ncuned or p+id, together wnh such interest, shall be secured by the l~en oi this ~
mor19a9~-
6. That (a) in tht event of any brea:h of thii Matgags w default on the pait of the MORTGAGOR, a(b) in ~he eve~~ +~Y of ia~d we+s of mo~?ey
hxein refer~ed to be not prampely ~nd Eully paid wi:hin thuty l30) d~ys nea~ after the sa~ne fQVMilly bflCOR1Q <IU! ifld PiYibIQ. withouf dertwnd or ner~ce.
or (c) in the event each and every the stipu~ario~s, agreements, condrt~ons and covenants of sa:d p~om~ss.xy no~e a~d th:s ~+ort~age ae+y w e~~her +~e n~~
~uly. promPtly a~+d fu!ly pe~formed. d:scharged. executec. effected, completed. compl:ed with ~nd ab~ded by. ~hen in either o~ any such event ~he s+:d ag
gr~ate sum mentioned :n said promissory note then remaining unpaid. with ineerest accrued, and all mooeys secured hereby. sF~atl becwoe due and pay-
abte fwthwith, or thcreafter, at the opr~on of said MORTGAGEE, as fully and comptetely as il sll of the said sums of money were a~g~i+a~~Y supuiated
ro be pa;d on such d:Y, a~yth:ng in sa:d prom~ssory note w, in this Mwt9age ~o the con!~ary rwtwi~hs~s~ding: and tFK~eupon or thereahe~ a~ the op~~on of
sa:d MORTGAGfE, w:thout notice a demand, su~t at law ot in equity, ther¢(ae w thereaftet begv~, may be prosecuted as if all mot~tys secwed i?eroby
nod matured prwt to .ts instituUOn_
7. That in the event that at the beginning of w sl any time pending any s~it upon this Mortgage, a to fbreclose it, or to re~orm it, or to enforte
payment of a~y du~ms he~eunder, said MORiGAGEE shall apply to the Cov~~ hav~ng ju~~sd~ction thereof (w 1he ~ppantment of ~ ReceeWr, such Cour~ s`w~11
(o+thwith appoint a rece~vrr of said mortgaged property aIl and :ingulsr, inctud~ny a!1 and s~ngu?ar the income. p?of~ts, issues and revenues from whetever
sevrce de~ived, each ~nd every of wh~ch, i~ being expressly understood, is hereby mortgaged as if spec~fically set fo~th and deau~bed in the g~anting and
hjbendum ctauses hereof, and :vch Receiver shatt have atl tF+e broad and effecr~ve tuna~ons and Fowers in anyw~se entrusted by ~ Cov.t to a Receivzr, a~d
s~ch appo7nfinent shall be made by svch Court as an admitted equity and a ma~ter of absotu~e right to sa~d MORTGAGEE, snd wi~hou~ refrre~ce to the
adeqvacy or inadeq~.acy of thr wlv+ of the p~ope~ty mwtga9ed or to the so~vency w inwlvency of said MORiGAGOR o~ the defendants, and ~hat such
ranrs, profits, income, issues and revenues sha~~ be applied by such Receiver according to ~he lien o~ equ~ty of said MORTGAGEE and the praaice of such
Court.
8. To duly, promptly and fulty perEorm, d~scharge, e:ecute, etfect, complete, comply with snd +b~de by each and erery the stiputations, agreements,
conditioro and covenanq m sa~d promissory note and this mortgage set forth.
9. That in the event the owrursh~p of the mwtgaged ~xe+nises, w any part thereof, bccomes vested in a pe?so^ other than the MORTGAGOR. the
h'.ORTGAGEE, its succeuors snd ass~gns, msy, wi~lwut nosice to the MORTGAOR, deal w~~h s~ch successw w successor in interest with refere~ce to this
mo~tgage and the deb~ hereby secured in the same rr.anner as with Alortgago~ w~:hout in any way vit~ating w d~xhargirv~ the Matgsgori liability herr
i:nder or ~~pon the debt hereby secured. No sale oi the Fremeses hereby mortgaged end no forbearante on the part oi the MORiGAGEE w its s~ccesson
or ass~g~s and no extens+on of the tirrK for the paymero of the deb~ Fwreby aecu.ed g~ven by the MORTGAGEE or its successors w au~gns, ahall operate
to re!ease, d~scha~ge, mod~fy chan9e o~ affect the wig~nal lianl6ty of the MORTGAGOR herein, eithe+ in whole or in part.
10_ It is spec~fically agreed that time is of the cssence of this comract a~ tMt no waiver of any obligat~o~ he:eunder or of the oblgation sr
cvred he•cby shaU at any time thrreafter be held to be a waiver of the terms hereof a of tke instrument secured herby.
lt. In acid;tion to the fwego'ng mo~thfy }~ayments of princpat and intrrest required by the prem'.uory na!e secured herebl, mortgagor covenants
3r:d a~raes to pay to mo:t~agee vsEth each mo~fhiy payr~:ent an add:~ionai sum es~~n•.ated by mortgagee ~o be equal to 1/l2 oi the annual cost of the foUow-
A-All real property taxrs le~.~ed or a:ses:e~i aga~ost the above descrEbcd r_al estats.
B-P(l'T.Ifj.T.1 on fire and windsto•m insu~ar.ce as here~n +eq~:red 1o be czrried on the improveme~ts situate a+ tFr_• above described p~emises.
I~'I C-Prem~wr.s on such mortgage guaranty insurar~ce as mwtgagre shall frem rmr ta time deem fit to carry on the loan xcured hereby.
Mortgagee shail from t~me to t~me norify n_~rtgegor ~n wri+;ng of the ar..o~nt dua and payab~e hereunder and such sum shal) thereupon be d~e and
! ; ayabte w~' the dve date of the n_ Yt month:y pay+nent and each successive month thereaher ur~til mutgagee shall notiiy mortgagor of a change in such
~ a~ount_ Such s,:ms shail be appi~ed by moregagee t~ward tne payment of real property taxes, insu~ance p~en+:ums, and mortgage g~araroy insurance
t .
~ u;n~wns. _
IN ~JITNESS WHfR~Of, the said MQR7GAGOR has hereunto set his hand and seal the day a~d ar firsl afwesaid.
Sgned, Sealed ar.d delive~ed in the presence of:
aq
~ ~ (Sea~
.
- ~ " SeaO
_ ~1C _ ` • (seaq
SiATE aF FLORIDA ~
S5.
CUUNTY OF ~ • Lucie
Before me personaliy appea~ed Donald J. willems a~
~10aII C ~i 7 7 P~S his wife. to me well known and known to me to be
rhe individuats desuibed in and who ezecuted the foregoing instrumem, snd acknowle~jed before me that they executed the same for the purposes
iherei ~ eapresxd. And Ihe said r r ~i 1 P~C
r.;fe of tF.e said upon a xparate and Frivste
era~:nation by me taken separate ~nd apart (rom her said husband, acknow~edged to arv! befwe me that she executed said instrument freely and volur?-
~arily and without sny compulsion, constraint, apprehens' , or fear of or from her said
WITNE55 my hand and oflicial seal tbi~~ day of - A D. 19T~.
WLt~ -
fILEO A4~i RECi?R~EO Notary Pub~ic in nd io ne Sta~e of Flofid~•et•lai
q~-
ST.IUCI~ ~~UMTY FI,A. NEy Cort,mcss~ expire3: '%L
Ret~m To: R(iCE%' ~DITRAS j ' . 4' D-
Fint Federal Savings 3 loan Associatlon CIERK~ ~ U1T COURT ~'ty~,r.t~' 7~,~r ~ .1
Of fort P:e.ce. RECbR~ iF='! ED.~...~~ 4 'i! 1~11~GE~ ~ c~ _
Fort P~erce. Norida V ~G ~ ~q~ , _ ryt:~~~»`~ : ';i =
~ y~ r . h:il~:~~: ~ ~ ~ , ~
~~5'7S5 s.,• ....T' .
) T. . %
This Instn~ment Prepared 8y RiChdrd K. IG3ye3
First Federal 5avings & loan Association
of Fort Pierce ~ FlOtide~?
Checked By~_ - 600K~?~r9 PAGE 5~
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