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HomeMy WebLinkAbout0934 To piac~ and confinuouiiy keep on 1he bvi?d~ng~ now a hereaffer ~ituste on ~aid land and on ~11 eqviprtKM u+d pe?w^ally cov~~ed by ~his mwtp~ ege, with all premivmi thercon ps~d ~n full, 1~re insur~nce in tM u~val ~tandard policy Iwm, in ~ tu'n npP'oo,vtd~~^ y~R~ ~C' MORiGAGEE , ay ~nsu~a+ce in 1he v~uai s~andard pol~cy lo~m, in s sum ~pprorcd by ~M MORTGAGEE, in ~uch co~+p+ Y ~ ~~m ata~ss3d or di:ectj ~nd a11 fire and windstorm insu~ance .policiea a+ •ny of sa~d b~+~~d~n9s. ~ny inlerast thtrsi~ ot pa?1 fhet~of, in tM agq ~p i~ excets the?eof, shall co~tain the ususl s:and+rd mwtgagee dauss or auch o~hs~ <laus~ +i tMYAAatg ~ maY requu~, ma; ng i?ie ~ a~+n~'~~'d~ to c~e~, each and every, payabl~ ~o said MORTGAGEE as ~ts in~eres~ may appear, and each and eve~ such ~~c shall be promp Y 9 any heW by said JNORTGAGEE as turther security to said mw?9age dab~, end, no? less tMn ten (10) days in advanc~ of the ~xp~~al~on ol e~ch policy, to dr l;ver to t+id MORTGAGfE ~ renewal thereof, together w:~h a rece~pt tor ?he premium of euth ~enewai; and ~here sMll b~ no fire or wind~lo~m insur~~c~ pleced on ~~y o1 said buiidi~+gs, •ny interest therein or part thereol, unSess in the form and w~th the ~ou p+Yabk as afaesaid; and in the eveM +~Y s~~+ ~ of mon~y beta+ws payable undN such polety or po~~uss ~aid MORTGAGEE shall Mve rM opt~on ~o r~ceive a~xl spply ths ~ame a+ accoun~ of the indeb~ad- - ~ess s~cured hereby w ro permit said MORTGAGORS to retcive and use it w any part ~hereof fw other purposes, ~v~tho~t thr~to~ waiv~ng o~ m+pai~' ing any puity, lien a riflht undx or by virtua of this mo: t9a9ej +nd i~ the event u~d l~10ATGAGORS shall for any reason fail to keep ~he said premisrs so in:ured, o~ fai) 1o deliver promp?IY ~^Y o( s+id po~Kies of insu~ance to sa~d MORTGAGEE, w fail pcomptly to pay fully +ny p~emium therefor w in anY respect fail to pe~fwm, discharqe, execute, e1letl, compirte, com{~:/ w~~h end abide by this cove~ant, a~ny part hrreof, sa~d MORTGAGEE may plece and ~(or such insurante or u+Y Wtt thertof without waivin9 or affecring anY o}~t~un, lien, eqv~ty. w right under or by virtue of this Morlgage. •nd the _ , . i...... .h. .1~,. ~l.~reot un~il oaid a1 the r~ro ot f~il amount of each and every ~uch paymero shau oe ~nunaa~~~r~y ~.+o o~~.: w,--'- n~ne per centum pe~ annum and to~ether w~1h such interest shalt be sac~red by the Gen oi th~s matqage. 4. To permit, commit or suffm no waste, impaunxnt w de~eriorotion of sa~d prope~ty w any part 1he~eof. i, io paY all and singulsr the cost~, char9d and expe~ses, including a reaaonab!e atlo~ney i fee and costs of sbstrMS of title, incurred w pa~d at any fime by said titORTGAGfE, because w in ~~x evant o( the ta~lure on the Pe~~ of the said MORTGAGOR to duty, promp~ly and fu~ly perform, d~xher9e. ~Racute, ef(ect, co.np~ete, tomp~y with and ab:de by each and every the stipu~at~ons, ag~eemenri, condiua?s, and covenan~; of said promissory note and ~his i:origage any w either, and sa~d costs, chargea and expensas, each and every, shail be imn+ed~alely due and psyable; whNher or rwt ther~ be no?ice de r„and, attempt to co1tM w tuit pcnd~ng; and the fvll amovnt of each and eve~y surh paymen~ ~hall bear interest from the date tl+ereof untii paid at the ~e o' nina per cenwm pNt annum; ane~ aU said tosta, c6aiges and ez~;enses mtuared o? paid, logether with suth iMerest, sha~~ be setu?ed bY the ~~en oi thif mortgage. 6. Yha1 (a) in the event of any breach of this Mortgage or defaolt on thr pa~t of thc MORTGAGOR, a(b? e~nt ~ny of ssjd tvrns of money hrrein referred so be no~ promptly and fu~ly psid within thirty (30) day~ nexl_atter ~he same severafly become d~?e and pay+ble. wilhout demand w notice, or ;c) in the eveM aech and every the stipuletions, agreements, conditions snd covenanrs ol sa~d p~omissory no~e and th~f mwtgsge +~Y or e~~he~ +re ~ i.,ly, prompNy ar+d futly perfwmed, d:scharged, executed, effe:ted, completed, compi:ed with and ab~aed 5Y, 1Fxn in either w any such evenf 1he said ag a~c~ate sum mentioned ~n said promissory note 1he~ remaining unpaid, with iNrrest atcrued, and ail moneys secured he~eby, sMll betwne dv! and pay- +o.e forthwith, w thereafter, at the option of said MORIGAGEE, as iulty a~xl comp:etely as if all of tF.c said sums ot money were onginally ttipulated ro be pe~d on such da/, aoything in sa:d pro~r.~ssuy oote or Yn this Alorrgage ~o the contrary nofwithstanding; and Ihereupon w lhere~fter at Ihe op~~on of s~ d MORTGAGEE, without notice or ~rt,arxl, suit a1 law w in eqwtY. therefore or ~he+eafter begun, may be prosecuted as if all rtwneys secured hereby n,!~ !r.ar~~..~ nr~or to its inflitutiOfl. 7. That in the eveM that at the beginn+ng of o~ at any time pe+*d~~g ar,y su~t upon this Mwtgsge, w to foretlose it, o~ to retorm ii, w io erli0iw ment of ar+y detms hereunder, sa~d MORTGAG~E shail ayply to the Cou~t hav~~:g ~ur~sd~U~on thereaf for ~he apparoment of s Receiver, such Court shal) fv•~hw~th appoint a receiver of said mortgagrd p?oprrty all and sing~Iar, inct~d~ng all and singulsr the income. p~ofits, iuues sod rwe~ues irom whatever sc ~•cr de~~ved, each and every of whkh, it being expressly unders~ood, ~s hereby morlgaged as if spec~i~cally set fath and deuribed in the g~soting aod ?~-,i>endvm dauses hereof, and such Receiver shaH have sU the broad a~d efiecrive fur.c::or.s and power• in anywise entrusled bY a Cov~t to s Receiver, and s_:h appointme~t shafl be made by such Court as an admitted equi:y and a~ratter of absolute rigM ro said MORiGAGEE, and withoul referente to the adeqwq or inadequacy of the value of the prope.ty mor~gaqed or to the sonrnty er ~~,son•ency o{ said MOR(GAGOR a the deiendants, and ~hat such ~c•,rs, profits, income, issues and revenues shaU be appl~ed by such Rete~+e~ ac.oru~ng to the lien or equity of said MORTGAGEE and the praclite of such Cc ~ rt. 8. To d~ly, prcmptty and ~ufly pe~form, discharge, execute, effect, compfete, ccmpiy w+~h and abide by eath and every the stipulations, agreements, .c;~~rihions and cavenann in se~d promissory nore ar.d ~h:s ~nortgage set forth. 9. That in the event the ownenhip of the mo~tgaged prenuses. o~ a:ry parf tF+erecf, becomes vested in a penon other thsn the MORiGAGOR, ~the :"~RTGAGfE, ite wuessors and ass~gns, may, wi:hout nor;ce to riw M~RiGFOR, deai witF such successw or successw in i~terest with referer~ce to this c•tgage an3 thr debt hereby secured in the sam.e ma~ner as w~th lhortgagor v:~tt~out in any way vit~atirtg or distharging the Mortgagors' liability here~ ~-.d:r or upon the debt hereby secured. No sa:e ei tf~e Fremises hereb~ mcrtgaged and no forbearante on ~he pari of Ihe MORTGAGEE w ita suctessors ~r ass~gns and no extens~on of the time (ar the paymem of the debt h:=~et,y secured g~ven by the MORTGAGEE or its successors o~ au~g~?s, aha~~ operate ~e re~ease, d~scharge, mod~fy change o? aiied ihe or~y~nat :~a~~~~s~ o` :he A'C4IGAG4R hare~^, e~~her in whole w in puf. 10. It is spec:ficalfy agreed that time is of th? essence of this conuact and tl~at no waiver of any ob~igation hereunder or of ihe,obligatiOn se- _~~::d Ferreby shafl st any time thereaiter 5e held to bc a waiver of tFx terms hereof w of the instrumeN secured herby. 11. In add.tie~ ~o the Forego'~g ~~onthiy paym^r.ts of pri:+c"~at and ~~ter_=s! requ~red by the promissory note secured he~eby, mortgagor toreeants ~~;i ayrees to pay to mo:rgagee w~th each mon.h!y payr::ent art adJ~rionat sum estin:ated b~ morrgagee to be equal to 1l12 of the annuat cost of fne follow- I A-Atl real property taxes levied or assessed against the aL•~ve desvibed reaf estate. ~ B- Premi~ms on 6re and windstonn insurar.ce as here~n requ:red to be carried en ~he improvements situate on the above desuibed premises. ` C-Prem;u~~s on svch mortgage guaranty icsuraace as mo•tgagee si,atl fron t me to tune deem fit to tarry on fhe loan sewred hereby. ! o-lgagee shail from time to t~•ne not~fy mortgagor ~n wr~t,ng of the arrount dve and payable hereundrr and such sum shal~ thereupon be due and 3 .;b!e on the due cate of the neYt mon!h:y paymenr and each successwe monrh thereahcr ur,til mortgagee shall notify mortgagor of a change in such ~ -o~nt. Such s~ms shaii be app!ied by mortgagee ter,a~d the paymeni of rea) prope~ty taxes, insurance prem.ums, and rtw~igage guaranyy insurante clums. ' IN Y1ITIJE55 'IVHEREOF, the sa~d MORTGAGOR has hereunto set his hand snd seal the day and year first atoresaed. ~ $-y ,$e and delivered i~ tfie p?esence of: - aq ar. es . u ney ~ ~ n , r i ~ u q ~"~TE OF FLORIDA t ~ ~ ,_;I;NTYOF St. Lucie 1 Befo~e me penonaily appeared C17~ rl@S J 'dullaney - s„d Kartina '~lullanev hii wiie, to me well known and known 1o me to bs ~nd~viduals described in and who execured the foregoing instrument, ,snd acknowtedged before me that theY executed the same for the pvrposes r* _•e~n expressed. And the said_ 'ta rt ina ~tullaney - ~ : fr of the ~~d _ Charles .J. Nullaney upon s sepuate and priwte ~ ~.a-,,:nat~on by me taken separate and apart from her said husband, atknovvledged to and before me that she e:etuted sa~d instrument freely and volum ; ~~y and w~thout any compulsion, constraint, apprehension,- oOr fear of or from her uid husband. ~YITNE55 my hand and official seal this_ a4..TiL/ - day of ul A. D. 19 74 s~ ~ tary Pubtic i~ and fw the State of Fbrida at Lar p~-F Y Commission expires: `~'~``,~`y~~ l~f~!/, . ~ Resurn Ta. 1~ - ~ T b y',. ~ F~rst Federal Savings b loan Association ' ' , •:a , . i~ : Of Fort P:erce. l' • ~'+~Q ~ fort Pierce, flo~ida ~Q~p " ; L" Z ~~.0 R1tt' P.E~r~'~ il~ " _ , ~~0/ ~ C.~ ; U: = Lu~~E t:9~M ~ i : v~ ~ ? . _ . ~~w~~. . ` ~ Poita~i • ` ~ ~ , . uaT ~ •1 y , - ~k c.,cvtit C4 ,-i L ' . : -y : . c ~ This Instrument Prepared By Robert Swishe~p~~~ i:_~=~~`~ • f~~ ; • ~%~~5~~~~~~;., u ~ First Federal Savings 8~ loan Association ~ of Fort Pierce , Flozicia y~ ~ 3 Q~7 - .''•~tf~ ^ , d~ ne?i~~~i~? ~ ~~f ~ - j~.'~~.~t ~.:4z~:'.,~.~~? ~ Checked Bya ~~~,98 . _ BOOK23U PA~ 934 . . ~ ~sw . ~ ~ - ~ _ ~ ~ ~ - ~ ~ _ _.myx._ ~ , _ _ ~ . e M_ _ _ . , ~~::v. ~5~~