HomeMy WebLinkAbout0152 3. To pfacs and co~tinuo~sly keep on ~he bui'd~ngs now o~ hrrra}ter ~i~va~e on se~d tand snd on all oqv~p~nent and perso~;,~ly covered by ~his mo+tg-
a~e, with all ptemi~m~ thereon pa d in tull, hro inwroncr in the u~~ai stond~~J Hol~cy form, io • s~m apwoved by Ihe MORiG:~GEE, •~~d windstwm •
~nsuranc~ in the uswl ~iandard pol:cy fo~m, in a sum app~ovcd by ~he MORiGAGEE, in ~w•h company or comparoei ai the MORiGAGEE may
d:rrct; and aU fire and w~ndsturm insurance poiecirs on any of s.+~d bu~~d.nys, any in~erest therein or parf thercof, io the ~ggregste aum aforesa~d or
in eaceu Ihereof, shall contain the usual sra~~da~d matgagre clausa or such o~her claute sf ~he Mwtgayee msy rcqu~rs, making the lou under s.~~d polt
c~es, eath end every, pay~b'e to aa~d MJR1vAGEE as :ts intrn•sf may app^ar, and cach a~d avery wch Fw!icy shatl be p~omptly a?sgned and daliverad to
e-er hetd by ia~d MORfGAGEE as further security ~o sa~d R:origege debt, and, nor ieis ~~an 1an (10i days in ad.~nce of the expiration of each poGcy, to de-
~~~rer to said MORiGAGEE a ronewai thereof, togerhar witA a rece~,~t for thc prt~nium o( suth ro~ewal; and Ihere shall be no iire o~ win~isto~m ins4r~nt~
p,aced on ~ny of aa~d buildirgs, any inte~eal therri~ or par~ tharrof, unfrss in +he form and w~th the loss peyable as aforosaid; and in the e~ent any tum :
of money become~ payable undr~ such policy or poGcies seid MORiGAGEE ahall have ~he opt~on to recaive and apply the s~me on atcount of the indebted- !
nein secw~J hereby or ro perm~t se~d MORIGAGORS to receive and use if w any F a~r ~1~e. vf tor otncr ~.ur~ oses, .v~~~o.,t th~n L: ~ra~~+.~g o~ ~~~tp~~~- ~
~ng ,~ny equ~ty, lien w right undar w by virtue of this mo:tgage; and in the evr~1 sa'~d MORTGAGORS shall fo? any reaso~ fait to keep ~he said prem~~zs so ~
~~w~ed, o: faii to de~~~cr promNtly anY of said pohties of insurance to sa(d A10R1GAGEE, or (oil promptly lo pay futly any pre~nium thCrefw or iri a~y i
rrsrrct fa~l to pe~form, d~scharge, execute, elfect, compiere, co~r.~~ly wiih and a5~de by th~s :ovena~?, or any pact he~eof, sa~d MORTGAGEE may piace and ~
f i; Fo? such inw~.+nce er any part ~hereof w~~hout waiving or afFectirr~ any opnon, tien, equ~ty, or right under or by virtue of this Mw~gage, and tht
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t~.!! amount o( each and every wch paymrn~ ah~ll be imrnediatety d~e ~~~d payabte and shait bear interrst irom Ihe date Ihereof until paid at the rate ol ~
e n~r centum uer ann~m and to~elker a~th suc~ inTt~est sha~t be s~•cvr_•d by ~he l:e~ o~ thia mortgage. - i
4. To permit, commit a suffer no waste, ia~pairmem o~ dete~~o~et~a~ of aa~d Hroperty a any parl lhereof. '
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5. To pay all and sing~i~+ the coats, chargrs and expenses, inc;ud~ng a reasonable attorney's fee snd cos~s of abstrads of tiHe, incurred or paid at ~
~i:+:e by sa~d h10R~GAG:E, b~:ca~se a in t1~c evrnt of tht fa:,~rr on the part of ~ne ~e;d /AORTGAGOR fo d~ly, prompfly and fully pe~for~n, d~scharge. ~
_.-c~te, elfect, ca+}ylete, comply w~th and ab:dr by exh ar.d eve~y the sripu:ahon~, agree+narnts, conditions, and covenants of said promissory note and this
„orrgagr any or e~thc~, and sa~d costs, chargea and ex~;enses, rech arsd eve+y, aha~l be in~mediatrly due and payabie; whether or not fhere bt notice da }
n.,~~d, attempt to coliecl w tuit peoding; and the !ul! mf~aunt of each an~ every such paymeM thali bea~ i~terast (rom Ihe Jate tFxreof uMil paid ~t the f
o% n~ne ~~er crnwm p.,~~ an~~i:n; a~~~ all sacJ cus~s, cha•ges a•1d cz;,~ns_s ~~xu~rrJ or pa~d, together wAh wch imerest, shall be tecured by the lien oi th~~ ;
r rgage.'
6. Thal (a) in thr event of any breacfi of rhis Mortgage o~ de~au~t on tiv~ pa~r of rhe MORTGAGOR, or (b} in the event any of sa~d s~m• of money
re~n refe~~ed ro be nol prompt:y and futly paid w~rhin th~rry (~0) days ne,~t a~~e~ fhe >an.e severatty becorne due and payable, without demand o~ notlce.
in the event each and every the itipu:atia~s, a~rremeMS, cond~t:o~~s and covenants of sa'd promissory note a~d this rtwttgaqe any o~ ei~her are not :
ora»p~iy and iutiy perfonned, d.s:carg•~d, e.ecuted, e(te:~ed. co:npieted. co~,~µ'.;~d v.nh and at~ded 5y, then in either w any such evem tix said ag }
~-~at2 wm mentioned ~n sa~d prem~ssory rtote then rernam~ng ~nraid, with ~ntere;t acuued, and a:! moneys secured hereby, shall becume due and pay-
r forfhw~th, or thereafrer, at tF~e opr~on of s~id h10R7GAGEE, as tvi~y a+~d co+i~p:etely ai if atl of ~t~e said sums of money were or~g~na~ly st~p~lated
• pa~d w~ w~h d.:y, ar,ything in 13 PrGrthSSOf~/ note or in ~h~s A'ortgaga to the co~rrary nolwithstanding; and ~hereupon o? thereafter at the option of
~AORTGAGEf, w~!ho~t ncn~e or dr~..ar.d, su~t at law or in eq~~ty, fhereEore or tnrreafier begun, may be prosecuted as if atl moneys secured Fxreby
r,:d marured pnot lo rts iostitution. ~
7. That in the event that at the beginn:ng of w at any t7me pending a~~y w~t upo~ eLis Mortgage. or to fo~etlose it, w to reform i1, or fo enforce
en3 of a~y uauns ~ere~nder, seiu invR~v~+la;c ai~eli eNNSy io i~:c -~~i Sr.~,-.y jo ~.:.u.:..~ t4:t-:eCf 1::: ttc aYr~~~:-^.!m~3f of t Fete€=_ ,-SU_~ ~CV't 5~+~1~
'~,.r~rh a, po~nt a rece~ve~ of sald mort~ag~~d proF~rty ali and singu!ar,~~ntwd ng a.f a~•d s~ngu~ar ti:e income, profns, issves and revenues ~from whatever
s..•~ dr:~ved, each and every of wn.ch, ~t te~~g express'y ur.derstcc~d. ~s rereby n.c:}yaged as if spec~ficafly set io.th ar.d dex~ibed in the granting and
,..endum.4~avses herrof, and svcfi Rece~rr. shaU hare all ine b•oad ar.d rfic~':+c fu: ce ons .+nd powera in anyvi~se entrusted by a Court ro a Receiver, and _
s;h appointment shaii be made by sucfi Ccuri as an aJ-niitrd equity and a r. a~rer o( aF,s~tute r~ght to said MOR7GAGEE, and w~thout refererxe to the
r:~_y;~,cy or inadequacy of the vatue oi the propr~ry mcngeged or tu ti.~ so,. ••~cy cr ,~~:oivency ol said MORiGAGOR w the defendams, and that such
rs profits, income, iasues arxl rever.~es ahall be appl~ed by such Rece~+er ord,~+g to ~he lien or equity of said MURTGAGEE and the practice o( such ~
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8. To du'•y, p•om~t'y and fuity prrform, d~scha~ge, eaecute, effect, comp~cte, cor~~Niy with and abide by each and every the atiputations, agreements,
__:~t~,ns and cuvcnann -n sa~d prom~ssory note and :ns n~ort~aqe ser forth_
9. T[har in ihc e:c~f rhe ow~ership ot rhe mo~t9~yed pren„ses, or any parr tnereof, becomes veated in a perwn ottxr than the MO4TGAGOR, the ?
.'.Q~~JMCCE, its s.~cccsscrs ard dS5~~n5, ~^•3y', Ki'fiOJ~ r,ccace ro ~~c :!vRTGF.OR, dra3 w~th such auccessw w successor in iMerest with reFerence to this
~yage a~~d ine d_•ci hereby Srtvred in the same ~~a~~r.er as v.~~h T.':.rr~agor ,,,,.rh„~t ~n any way vitiating a discharging the Mortgagwi liability hero-
or upen :h~ d,bt h~rrl,u s_c.~~~~ No s~!e of ;h~ ~ren:ses h~•rrb, •co+tgaged a~d no (orbearance on the part oi the l1AURiGAGEE or its s~ccesson
~~s ~ns and ro ~xrens,on uf H:e 1~Ill~ PU! ~he oay~,r~~ et r:,e ~~be i,~ r~~bv xcured g~~e~ by Ihe I110RTGAGEE o~ its successus or ass~gns, ahall operate ;
_ _ cese, d~scha:ge, ciod~fy change or erfect ti,e c-ig~r,a1 tia~~~ny of ri~~ ~;'.~:RfGAGOR iierein, ei~her in whole or in part. f
esse~_e of ~i.!s co~~racr a~~d fhat no waiver oi any obfigal~on hereu~er w oi the obligation se- ~
10. It ~s speufic~{ly .:g-eed that f~mc ~s o~ t4~~ ~ ;
_r~d hareby shah a~ eny time th~reaiter b~ hebd to be a wa~~er e( the ter.ns hercof or of the instrumem secured herby.
11. I~ add.!:~.~'o t>,e iwe;o;,~ .r,o~,th:y ~;ayr.,;.rrs of p~~:--;>ai ar;d inr_~.,s' requ::ed by the promss.^.ry no!e secvred hereby, mo~tyagor eovenants
aarees to cay ro r~c•tgayee v~~'h ra;h e:,oneh:y ~a,~ •ent an zda.•~er.ai svm esr~ma!ed 6~ martgagee to be equal to 1; 12 of the annual eost of the fotlow-
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A-A•.I real p~oper!/ fat.~s ie.~e:'. or assessecl aya~•:;' th~ abeve descnb.:d r,a4 ei•ate. ~
8-Pr~.r:,.-•es on i~r_~ ar:d ~.vu:ds!c:~m ~ns..~artc as ne;^~r. r~q;;:.^d ro be car,~•d en ~he im;.rovements rtuate o~ the tJove described premises. #
C-~fE'^~:1R`s o~~ such mortr~~ge gua~anty ir.sura~:ce as nrxrgac^e sha~~l from t~r.+e ro time deem fit to cany on the loan secured hereby. !
hlort a~ sh~ i fr;;m n~ne to !:~~~c ~~~o~~ mcrtg~gor ~n r.r.hng o~ the a• :o; ~t due and payable hereundtr a~d suth sum shall thereupon be due and . i
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~ . e o~~ sh_ d~r e~.iA oi ih=_ ~,r=t ~nonti::~ pay~:~~nt and e~c': successive ~~o^th tne~=airer ur.til mertgagee shall notify mortgagor ot a change in such
.nr. S~ch s~ms sh3i tx apE~i;ed 'oi n~crgag-•o to:.a•d tF:~ paymert of renl propeny taxas, insurance prem,ums, and mortgage guaranty msurance
~ .,^,s.
E ;IN Y:tTNESS liHcREOF, r'r,e sa~d It.CRSGAGOR has nere~~~to set his har.d ane~ seal tne day and year first aforesaid.
f ~g ed, S d and delivered in the presence of: ~ ~ ~ ~t~p
~ ~ . i Lli v ~ /o -~G-G2-L~~~ (Sea4
a ~All~n R. Pi rce c~,q
~ . • t5eaq
~ ~ / - (SeaO
~ _ ~
~ 'c OF fIORIDA _ ~
St. Lucie
•;rr oF -
Be4we me perwnalty appeared _ All~il R• Pierce _ a~a :
_ TYelle .l. __Pierce _ h~s wife, to me well known and known to me to be
_;nd:viduais desu~bed in and who executed the fe~egoing instrurnent, nnd acknowtedged before me that they executed the same for the purposes
_-c;n expre:sed. And :he said Y1P11Q Plpl'Sp
of the sa~a A11en R. Pierce _ _ a xperat! and p~ivats
n na!:on by me taken separate and apart from her said hust»nd, acknowledged to ard before me that she executed said inatrumeot freely and votuo-
~ and w:thcut any compu'sion, constra~nt, apprehens;on, or fear of or from her said busband.
~ V~ITN~55 my hand and official seal this__~~-___ day of `Jul D. 19~
~ 1~~ .
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ary Public in and fw the State of fld~i a at L~itae
~ Commission ex res: y '
Return To: y p ~ • .
¢ C~/ - _ -
~ ::nt federal Savings 8 laan Assuciat:on ;~.Y•.~.
~ Of Fort P e: ee. • 1? _ / : • - _
~ fo~r Pierce. Fle~~d~ FIIE Ab 7 ~ E^O~DEO J.~ _
ST.IUCtE C~UNTr flA• .
~ RO;;Ei: 'rO~;RASwRT .~c'J
~ CIFc". Ct;1~U?i C • •
` This Instrument Prepared By J. H. RobeYts JzaFCt+FO\C- r~:p
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First Federal Savings & loan Association u~
of Fort Pierce ~ F loZ ida J~ Z~ ~ 41 An ~
~ ry
~ Checked By~ /~'~3 aD(tK~~VV P~Gf i~
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