HomeMy WebLinkAbout2443 To pisce and continuousl~ kcsp on the bui!d~~~gs now or he~ea(te~ si~~ate o~ ssid land and on all cquipmenl and person~lly cove~ed by this matg-
sge, with all p~cmiumi ~hr~ean pa~d in fu24 fire insur~ncs i~ the uswt ~ta~d..d po~~.y form, i~ a sum app~cved bY MORfGAGEE. and w~nds~wm
~nswM+ct i~ tM •nwl a~+ndud pot•cY far+~, + sum apN:o~red by the MOA1isAGEE, in tuch canpany or canp+n~es es ~M MORTGAGEE may ;
direcij ~nd, all fur. and wi~d~twm i~w~ante poticiei a+ u~Y of s+~d bui~d'^gs. ~^Y intere?t thaein o~ parl the~eol, in ~he aggreyaee wm alaeuid a i
in exceu thereof, tha!! contain tM usual s?anda~d mwt9e9e~ dwse o~ such o~her claus~ u~h~ Mortyage~ may ~equ~r~. m+'~ai~i°ned ~na d~s~~ e~~o ?
c~es, each and ~very, payab~~ ro u~d MJRiGAGEE +s ~ta intere~~ may appear, and each and evc~y such poucy ~hall be p+omP Y 9 r
•ny F?eld by sa~d MORiGAGEE at (u~the~ scturity ~o said mat9age dcbt, and. no~ !eu ~1++n len (10) d~~s in advance of ~he elp~rat:on of each pol~cy. to de- +
I~ver lo s+~d MORiGAGEE • renewal thereoi, ~ofle~ht? wi~h a rece~Pr fw ~he we.*~~~^+ ot such renewal: and ~here sha~l ~w f~~e or w~ndsw~~n i~wrancs ~
plac~d on ~ny o( said b.•ildings, any inte~eit therei~ or p+et thereof, ~nless in th~ iwm and witA tM loss paYable as afwesaid: u+d in the evenl any sum :
of mor?ty beco~+es paYable v.~der such policy u pol;cies uid MORTGAGEE shall have ihe opt:on to recr~~e and apply ths s+me on accoum o} N~e i~~drbt~d- {
ness secured hereby o~ to pe~mit ss~d MORTGAGORS 1o rece7ve and use it p any part the~eaf to~ otne~ purposes, v.~~ho~t th~~.u~ ws~~~~~g
ing any pu~ty, lien a righ~ undc~ or by virwe of this ma:9age; ~nd in the event sa~d MORTGAGORS shall fw any reason iail ~o keep ~hs sa~d p~em~sas so
inaured. o~ fail to detiva pranptly ~~y of said policies of insu:a~ce to sa~d MORiGAGEE. w fail pron~ptly to paY fulty any p~c~pium therefa u in anY
respea fail to perform, d~scharge, execute, eifec4 ca++ple~e, comply wi~h and ab~d~ by ~his covenant, a an~ part hereof, sa~d MCRiG~+GEE ~Y p~KC a~w
paY for such i~surxxe o~ +ny part thereof without waiviny w affecti~ any opt:on. lien, eqwty, w righ~ under w by virtus of ih:s Mor?9age• a^d ~he
full unoum of each acd eve.y such p~yment shatt be immed~arely dve and payable snd shall beu interes~ from ~hs date thereof until paid a~ the rate ol
n,ne per c~ntum per annum and to~r~her with such interest shaU be secured by the lien of this mortgage.
To permit, commit w su(fer no waste, impa~rmcm o~ dcie~~wa~~on of sa~d propcrty w+nY P+rt ~he~eof.
S. To pay all and sirgula the costs, chuges and expenaes, u+d~d~n9 s rcasonable attorney i fce and co~ts of ~bstrad~ of ti?le, incwred o~ pd~d at
any time by sa~d /NORTGAG:E, because w~n ~he event of ~he failure on the pan of ~M said MORiGAGOR to duty, prompNY and f~lly pe•fwm, d~xharge.
~xecute, ef(ect, complete, comp~y w~th and abide by exh and every the supul+tw~s, agreeme~ts, cond~~ions, +nd covenanrs of said p~om~isory no:e and ~hi•
morrgage a~y w eithe~. +nd u~d cos». chuges and expe~ses. each and every, shall bs immed~steiy due and paYable: whe~her or not there be norKe dr
mand. attempt to co1:Kt w wit pend~ng; +~d the fvll ainount of each and evrry such payment sMll bea~ interesl (rom the date thereof until paid a1 nc~
..r.~• of nine per cenium per annu:n; and all said cos~s, charges and expenses ~KU~~ld or p+~d, ~oge~he~ w~th such imerest, shall be secured bY the ~~m of th~s
mortgs9e.
6. That in the event of any breach ot tl~is Mwtgage o~ default on ~he part of the MOR7GAGOR, w(b) ~n 1he erent ~nY of sa;d wms o. money
here~n referred ~o be not prompil~ and fully paid wi~hin thirty i~) days next atter ~fx same x~eratly become due and paYable, withovt dernand a eotice.
or ic) in the event each and every the stip„tations, agreements, co~+d~t~a.s and covenants of sa,d prom~swry note and th~s mortgage any o~ c~~her a~e no~
iuty, pranpNy and fully perfwmed, d:xharged. exccuted. eflectcd. completed. cwnpGed w~~h and abided Sy. then in either or a~y such event ~he sa~d ag
g•egate wm mentaned in said prom~ssay note then re,naining unpaid. with interes~ accrucd. and a11 moneys secured hereby, shatl becwne due and pay-
eb.e fathwitA, or ~hereaft~r, at the opt~a? of sa~d MORTGAGEE, u fvlly and canP~eu~Y +s d~ of the sa~d sums of money were w~g~~s~~y s~:pu:a~ed
ro be pa~d on such day. anyihing in sa:d prom:uwy oote or in this Mortgaqe ro the coouary no~wlthsranding: and thereupon a thercaflH at the opt~on of
s~:d MORTGAGEE, w;rhout not~ce w demand, suit at law or in equity, ~herefore or thereafier begun, may b~ proaecu~ed as if all moneys secured hereby
n-d matwed pnor to ~+s EnatituGor?.
ihat i~ the event ~hat at the beg~~~~~+9 of w a1 any time pending any su~t upw~ thin Mortgage, or to fwetlose it, w to ~efwm it, w to enforce
pay~nent of any claims hereundrr, said MORTGAGEE shalt a~.p1Y ro the Court having ~urisd<ction thereof for the appantment of a Receivcv. such Court shell
Fo:~h.virh sppo~nt a rece~ver of sa~d mortgaged property all and s~ngular, incivd:ng a3I a~ s~ngular the income, p~of~ts, issves and revenues f~om whatever
s~~•ce derived, each and every of whrch, i~ be:ng expressly undeneood. ]s he~eby morrgaged as if spec:ficaHy ut forth and desu~bed in ~he 9~+^~~^9 and
ha5endum da~ses hereof, and such Receiver shal~ Fwve alt the b+oad and efiective funct.ons and powen in anyw~u ennusted by a Cou~t to s Receiver, a~~d
s..ch appointment shall be made by such Co~~~ as an admlued equny and a matte~ oi absoivte right to se~d MORTGAGEE, and w~~hout refereoce to the
adequscy or in~dequacy of the v~l„e of rhe p.operty mwtgaged or fo the savei+cy w~nsolvency o( said MORiGAGOR or the defendants, and ~hat svch
re•~ts, profits, income, issurs and revenves shall be appiied by such Receiver accwd.ng to the lien w equity of sa~d MORiGAGEE and the pract~ce of such
Court.
S. To dvly, p~omptty and fully perfwm, discharge, execute, effcct, comp~efe, comply with and abide by each and every the st~pulatiors, agrce~nents,
:or.d~tions and covenan~s :n sad prom~ssory note and thu mwtgage set fath.
9. TK:t in the event the ownership of the mortgaged pre+n~ses, o~ any part thereof, becomes vested in a person other lhan ~he MORiGAGOR, the
h'.ORTGAGEE, its successo~s arr! ass+gn:, may, w~~hout notice to the MORTGAOR, deal with s~ch successw w successo~ in ~nterest with reference to this
mortgage and the deb~ hereby secured in the same ma~ner as with Mortgagor w~tlwut in any way vit~ating or dixharging the Mortgagori liability he?r
under or upon the debt hercby sec~red_ No sa~e of the premises hereby mor~gaged and no forbearance on t1~e part of the IAORiGAGEE o~ its svccessors >
or assigns and no eatens~on of the t~me fw the paymcnt of the debt hereby scc~red given by ihe MORiGAGEE or its successors w ass~gns, sha~l operate ~
ro release, d~scharge, mod~fy change or affect the o~ig~nal Iiau~S~ty of ~he MARTGAGOR herei~, eEther in whole or in part• .
;
10. It is speufically ag~eed that time is o( the esscnce of this co~tract and fhat no waiver of any obi~ga!ion hereunckr or of the obl'gat'an ar ~
c~:ed hereby shall at any time thereafter be he:d to be a waiver ot the terms hereof w of the inatrument secured herby. 3
11. In add•r~o~ to the forcyo n~ mon:hly payments of pr~nc pal and ~~ierest req~ired by the p~om~ssory nore secured her~b/, mortgagor covenants !
t
d agrees to nay to mo:tgagee vcith each monfhty pe~~: ent ar add~}~onal sum est~n,ared by mor~gagee to be eqvai to 1,' 12 of the annual cost of the folfow- i
"g ` S
A-All real prope~ty ta:~-s le~nec'. or assess:~d aga:•~st thc above desui~cd rral estate.
B-Prem~u~ns on fire and viindstozm insvracce as ~erein reqv:red to be carried on the imp~oveme~ts sltuate on tha above d_scribed premises_
C-Premiums o~ wch m.ortg;ge 9~aranty ins~:ar.ce as noftgagee shail frcm t:me so t~me deem fit to carry on fhe loan secured hereby. i
Mortgagee shatl from t;me to time noriiy mortgagar ~n wririr.3 of the amoi,nt d~e and payable hereunder ar.d such su~~ shafl thercupon be d~e and ~
I ~a~able oCn-~_the due date of the next month:y pay~nent and each successive month the~eafter ur.til mortgagce shall notify mortgagw of a change in such
[ 3'AUOL .W~h s~ms sFa:I 6e applied by mortgagee toward the paym.ent of reat property ta:es, insurance prem:ums, and mortgage guareniy insurance
I ~remwms. ;
~ IN Y~ITNESS WHEREOF, the said MORTGAGUR has hereunto set his ha+:d and seal the day and year first afwesaid. :
$gned, Sealed a.~d delivered in the presence o4: ~
7~ al) F
lSeaf) -
~
~ • (Seaq
- - (Seaq
STAiE OF FIORIDA ~
SS.
~OUNTY OF St . _Lucie ~
Before me personally aPpea~ed Douqlas M. WOOCl and
C,~i l D WOOd his wife, to me well known and known to me to be
the individuals desaibed in and who e:ecuted the foregang instrument, and acknow~edged beforr me that they executed the same for the purposes
rherein exp?essed. And the wid ~idll ~OC~
:.:ie of the sa~d Douglas M. ~A~OOC~ upon s separate and priv:te
exam:nation by me taken separate and apart from F~er said husband, atknowledged to and before me that ahe e:ecvted sa~d instrument freefy and volun- y
r~r~!y and without any compu'sion, constraint, app~ehension, fear of or from F~er said husband. !
da of 74 t
WITNESS my hand and offic~al sesl this- y `jul A. D. 19 s
~a Li.~??1 ~ ~
Notary P~blic in a for the tate of florida at large ~
My Commission expires-
Return To: i
First federal Savings 3 loan Associat~on ,
Of Fort P:eree. C~ ~u a~~A at 1A~'~:
~ s,, aES l,;;l. 7~ t9i/::,:f~
Fori Pierte. Fiorida 28'7140 i . . . • - i _ _ ~
~+li~v~J b) NL:ti~e2O u.tiN.tfS ~I~jY~~~
. ~jJ .
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This Instrument Prepared By Richard K. ICd Q~EO a`~r. :~t~OHOED _ -
y ~J~~NtY fU. ~ . .
First Federal Savings 8 Loan Association ST.IUC•_~ ~,~;:RpS . : r7 ~
--s
of Forr P~erce Florida a''"-~ ~~it COURT .
~ CtE~ K GJ-:_T.E~ - - -
Checked By R~ _ '1` ~ _ .
Ju~ 18 li o~ AH 1~1
BOOK 229 PA~E 2443
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