HomeMy WebLinkAbout0851 3. To p1ac~ and coroii+ua+sly ks~p o~ the bu~td~ngs ~ow a herca4te~ ~itw» on sa~d I~nd +nd o~ all equipment and p~rsonally covHed by th~s mor~9- ~
age, with ~!i premiurt+s tMrea? pa~d in full, fira i+uur+ixe ~n the ufwl itandsrd pohcy torm, in a tum ~pproved by 1M MORIGAGEE, u.d winds~am ~
insuranc~ in tM vswl u+~dud P~+N fa^'+. N+ a wm approved by ~M MORTGAGEE. in wch company a tompsni~a as tM MORTGAGEE m~y
d~ractj a~d ~II ~ir~ and w~nd~torm i~wr~nc~ policies on any oi iaid bu~id~nys. ~ny iMer~~t tMrei~ a parl ~herwf, in IF+e ~qyre9aq sum sforsiaid o~ r
in excess ~hereoi. sMll contain tk~ uswl s~andard matgaga~ d~use or such oti+e~ dwH ~i tM MatpagN m~y rpwr~. enaAi~p tM ios~ ~r+d~ ia~d Par
c~es, each u+d every, p~yab~~ ro Hid MORiGAGEE as its intereit may appe+r, and each and every t~+ch po~ity shall be prompdy ass:g~~cd a~d delivered ~o
1 ver o i+id MORTGAGEE aFEanewal,the~eof,rtoge ~'with fi9re~ceipt fa,the p?emlu:n1oi~such ~eOnewalj ~nd ~tM ~f ~h+tl b~•~o~f n w~w;nds a
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plued on ~ny of said buildi~+g~. +~y i~ur~st tMr~in or put ~hereof. un:eu in the form and with the {oss payable u ~fu~s~id: and i~ tM tvtnt any wm ~
of money beca+~?ea p+Yaaa ~h P°~'~Y °f Pol~ciea ssid MORiGAGEE ~MN have the op~an ro nceiw ar+d appiy tM wn~ on +cta+^I ot tht indebted- ,p
ness saturQd htreby w 1o Pam~~ ~a~d MORTGAGORS to reteive ~i+d uft N or +~Y Pa~~ thereof for othet purposes, witho~t the~eb~ waivi~~g w ~mpair-
ing a~y p~iry, lien or right under w by virtw of this nw:l9~ges +~d M.fM ~veM ta~d MORTGAGORS shsU fa ~ny reawn iail to keep the said premises io f:
~nsured, or i~il 1o deliver pranptly ~ny of sa7d policies of in~ursnc~ ro ssid MORTGAGEE, o~ fail promptly to p+y fulty ~ny prsmivm t!?e~etw o~ in ~ny
a:.~....... .:.r„~~. effect. complttt. oomP~Y witA +nd abide by th~s cova+ant, or any p+rt hereof, iaid MORTGAGEE may place and •
. . - - . ~ ..s...s ..i d.s. Yo.toaoe. and th!
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pay tor such insurenct a any part thereof witho~t w~tvinp or ettact~nq aoy op,~on. ~.c.~, ~~,:r, w..e.::
i~~il amo~r~t of ~ach and ~wry tuc1+ p+Ymem sh+l! be ~mmediatety dw ~nd p+yable and shall bca~ intKest from tl» dat~ 1F~ereof until pa~d at tM r~t~ of
n~~ze per ceruvm pe+ ~nrwm and together with such interest shait be secured by the lien oi this ma?yaqe.
1. To ~pe+mit, commit o? s~ffsr no waste. i~+PairmeM a deterioration of uid propetty or any p+rt thereof.
5. To psy all and sinyulu tM cosn, cha?gei and expsmei, indudir+p a reasor~~ble anorney i fee a~d costs of ~bstracts af titlt, (ncuned a psid
a~,y ~ime by w~d MORiGAGfE, beavsa w in the eveM of the failura on tha pan of ~he said MORTGAGOR to duly, promptly snd tullv perfpm, discfiar9s,
>xecute, effM. compkte, canply with a~d ab:de by sach ~nd every the s~ipulafarts. sgreements, conditions. +nd mvenants oi wid promi:sory rwle snd ~hi~
n,ortgage any or either, and said co~ts, charga and expense~, e+ch and every, shall be immediately due snd wyable: whetF~e~ w not thare bs rwtice de
mand. attempt to colkct or wit pend~ng; ~nd ~M full amouM of e~ch and every such paymen~ aFNll btar interest from IF+e date thereof until p~id et the
,,;e of nine per tentum per an~wm; and all said costs, char9rs and eapenus intwred o~ paW. IoyNher with such iNerest, ~hal) be sacured br tbe lie~ of tha
mortgsge.
b, That (a) in tAe event of any brosch of lhis Matgage w defauh on ?he pa~t of ~he MORTGAGQR, a il~) in the lwM1 MY of sa~d sumt of money
herein referred to be ~+w promptly and fully paid withi~ th~rty (30) dayi next aiter ihe same sever~lly become dus +nd P+yable, withovt dem+nd o~ notice,
or ic) in the even~ each and avery the stipvlauons, agreements, cond~~ions and cove~ams of s~~d promiuory note and tha matpay~ anY or eit?+~r are no1
i~Iy. Promptly and fully performed. d;uharged, executed, effected, complcted, compl~ed wirh and abided Sy, thsn in either w eny such evenl tM said a¢
gregate wm mentioned in said prom~sso?Y note then iemaining unpaid, with interest accrued, and all moneYs seCUred he~eby, thall beton+e dw and P+Y'
eb:e fathwith, o+ thereafter, at the option of said MORTGAGEE, as fully and completelY as ii all of the said wms of money were ori9i~ally stipulated
ro be paid on suth day. anything in ss~d prortuuory note or in this Mortgage to Ihe contrary notwithstanding: and ihe~eup0~ a thereaftet s1 the option of
_,r-« ~.c•~....,• a..~,~nd_ suit at law or in equity. thereio?e or lhereafter begw?, msY be p+osea+tad as if all moneys seu+red hereby
nad matured pnor to ds institution.
7. That in the event rhat at the beginrsing of or at sny ~ime pend~ng any suit upon this Mo?tga9e. w to foreclos~ it, or to reforrn it, a ro enfo?oe
;:ayment of sny cfa~ms herevnder, uid MORTGAGEE shali apply to ~he Court hav~r.g ~u<isd~aio~ tFxreof for the appo~ntmeot of s Receiver, such Court sh+~l
4or~hwith appo~nt a r~ceiver of said morl8aged property all and s~ngular, indud~ng all and singula~ the income, protits, issues a~d re~roe~es from whatevet
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s~ vrte derivecl, eath and every of which, it being expressly unde+ttood, is hereby mertgaged ss if spec~litally s~t (onh u~d deur~bed in tM yraminy and
h3bendum ciavsa hereof, and suth Receiver shatl have aIl the broad and effective iunct~oos and powe?: in ~~yw~st,eiNrusMd by ~ Court to • Receiver, and
c__h appointment shal~ be made bY suc~ Courf as an admitted equity and a maner of absolute rigM to said MO TGAGEE, ~ wit t taference to 1M
adzqu:cy or ~n+dequacy o1 the value of the properry mwtgaged w to the soivency o? ~nzoivency of ~aid MORT~AGOR or the ~defe~~n, and that such
re•,~s, profits. income. iuues and revenues shall be apptied by such Receiver accord;ng to the lien or equity of said MOR~OA6EE ~nd the prsctiee of such
CourL
8, To duly, promptly arx~i-fu1~y perfwm, dixhsrge, exetute, effect, mmplete, compty with ~nd abide by each and every the stipulatiw~s, +greemenri,
:enditions and eovenann sa~d prom~ssory note and this mwrgage set forth.
9. That in the event the ownership oi the mwtgaged premiu~, o~ any part thereof, becomes vested in a penon other fhan the MORTGAGOR. tM
t'.CRTGAGEE, its successors and assigns, may, wirhout notice to the b10RTGAOR, deal with such successw or successor in inleresl with reference to this
r o~igage and the debt hereby secured in the same manner as with Mortgagor without in any way vifiating or dixharging ihe Mwlgsgors' lisbility hero-
v- der or upon ttx debt hereby secured. No sale of the premises hereby mor~gaged and no fwbearance on the Fart of the MORTGAGEE ~I i~`svctessors
e,r assig~s and no extensiw~ of the time for thr paYment of the deb~ hereby sec~~td g~ven by the MORTGAGEE w its successors o~ ass~g op~~
!o re~easr, d~scharge, mod~fy charr~e er affect the original iiabi:ity ot the MORTGAGOR herein, either i~ whole w in part.
10. It is speufica~iy agreed thar time is oi the essence of rhis contrac~ and that no waiver of any obligaYan hereunder or of the ob{i9ation st
c~sed F?ereby shalf st any time thereafter be held to be a waiver ef the terms hereof or of the instrumeM secured herby.
11. In add~tEa~ to the fwego:ng month'.y paym:nts of princ~pal and in?erest requ~red by the prom~uory no?e secured hereby, mortgagor tovenants
a~d agreea to pay ro mortgagee with each monthty payr,ent ar add~rional sum estimated by mo?tgagee to be equal to 1~12 of the annual cost of the fo~low-
' A-All real prope~ty 1a,crs kvied or assessed against tno above desui~ed real estata
' B-Prem~ums o~ fire and windstorm insurar,ce as herein requ~red to be carried on the improveme~b situate on the above desvibed prcmises.
f C-Premiurrs or+ such mo+tgage guaranty insurar~ce as merrgagee shall from t~me to time deem fit to tsrry on the loan secured hrreby. ~
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Mortgagee shati from time to ~:me no~~fy mortgagor in writing of the amount due and payable hereunder and such sum shall tihereupon be due and
~ ;~yable o~ the due date of tbe neat monthty paymeM and each successive month thereafter urtil mortgagee ahall notify mortgagw of a change in such
~ o~nt. Sufh sums sF.sll be applied by mortgagee foward the payr*+ent of real property taxes, insurarxe p?em.ums, and mortgage guaranty insurante
~ , em~ums.
~ IN WITNE55 WHEREOf, the sa~d MORiGAGOR has hereunto xt his hand and seal the day ear first aforesaid. n`
, ~1i
Siyn~d. Se~{ed snd de 'vered 'm t e e of: ~
~ an ,
nn e , e ~n ;
~
~ ~s~o
S ~ ATE OP FLORIDA - _
St. Lucie
:.OUNTY OF '
Annie Gilbert, a single aduit, formerly Annie G. ~iobley,~,+
Before me pe*sorw~ty appeared
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ~ - - _ _ - - _ _ ~ ~ ~ ~ 1Sfs
~ft, to me well known and krKlwn to me eo be
individval deuribed in and who executed t1~e foregoing instrume~t, and acknowledyed before me that,~he exetuted the same for the purposes
the~ein exp~essed. /4~d~lw-sai
~_•._o~n?te'~?M~•M~~iwM
.4M~of~lwr'said____~_-_~~_~_~~_~_
~~.rrwiwsk~~y-ewe-t~Mti? se*ara~ ~nd tipsrl-iroen-F~e~ssid -hesband,-xk~owkdged ~ arfd tefor! tr~s TFmfshs !xl~elifeQ ssltrfifR~fRflf f1'etl9 7fR~~OlfifF
+e~y ,~+d-..~,ha,r sny-~n+pobArr, tonnrs~rtr,- sppr~nM+sftR+-~ar('~~ear ~re? rt~e++? ~??~?ZatC .yt~
~ WITNESS my hand and official seal this._ q day of A D. 19~
_ ~ '~C~
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Notary P~blic in and for the State of f a ~t lu~
My Commissan expires: t O• 3 C.'1 `
Return io: '
~ First Federel Savings 3 loan Association .•~~~I/~ ' ~
~ Of Fort P~erce. i~"'~~~~~i ~
fort Pierce. Flcrida o ~~R~~~ ~i' .
FItEU ~pL'Kt'f f~A ~ ~ a, ~ •(cS~'~ -
~ Z.LUC1~ ~t~~s ~ . ~.".%1~ d•: : :
S FIG~ C, ~~tT C~URS ,~Or` ~ s
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CL~Q f<<J _ y~+Q~~.~ : >
This Instrument Prepared By Ma. J. ForbeS a f~ORD ~EF~ ~ :'~;;~'~r.-~ • C~ ; G-
First Federa! Savings b loan Association 3~~9 ~~~~j( v y l~ C'
o f F o r t P i e r c
e ~ Flori d a 3 3 4 5 0 ~ 3
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