HomeMy WebLinkAbout0938 3. To pt~ and co~tinua+aty ke~P a^ ~?~e bu':d"'9~ ~`ow a herea4~sr urusre on ~a~d lend and oe~ aU equ~pmen~ and perw~ally covaad by this matg
+ge, with ail p«++~~~ms ~hcreon pa~d ie iull, hre insvr~xe m ~i+~ ~+vsl stondard policy to~m, ie • sum approved by th~ MORTGAGEE, •nd winda~am ,
~nswant~ in th~ ususl standard pol~q lorm, in a aum app~oved by th~ N10RTGAGEE. in such ton+psny w ta*+panid ss tM lNORTGAGEE may
d~rect; u+d' all (i.t aod w;i+dsw~m insuranu -o'•~c=es on any of s~~d b~r~td~n9s, any inter~s~ dKr~in or parf thereo(, ie ~he agy~pat~ su~ ~iw~said w
in exteu Ihereof. shall ton/ain ths uw+l standuJ ~no?tyagee cla~se w tuch othcr tlauss at tM Alatyagat may reqwn. maAinQ tM lo~s unda faid po~~
c~es, eath and eve~y, pa~ab'e ~o sa~d A10RiGAGEE as ~ts interr~t may appeu, and each and eve~y such po~icy shall 1x promptlY +ss.9~ed a~d delivered to
any hsld by said MORTGAGEE as funher security to said mw~yag~ debt, a~tid, not less than ten (~0) daYS in advance of tha ~xpiration of ~ach polity, to da
~Ive~ to t+id N10R1GAGEE a renewal Ihe~eof, toqe~her with a rect~pt fw ~he promivm o1 such renewal; and there sha11 be no fire ot windstwm insuruKe
plac~d on any of said build:ngs, any i~t~rc~t ther~i~ o~ R+~~ ~?+e+~f, unir~ in the form and w~~h ~he loss payabte as aforssa~dt a^+1 in ~he evenf any ium
of mon~y becanes p~yable v~ulcr such poikY u PdLCiea said MORTGAGEE ~ha~l have ihe opt;on w recrive ar~d apply tM s~~+s on xcouM ol tM ind~bted~
~u
ness secwed he~eby or ~o pe+mit aa:d MORTGAGORS ~o roceive +~d we it a sny part rhrcaof fw o:her pwposes, v.~~i»ut Ih~rao~ ws~vin~ or ~mpau- ~
infl any equity, lien a righf ~nde~ w by virtw o( th~s mc:tga9e: snd in the event seid M~R~GAGORS shsll iw any reaaon fail to keep the said premi~rs so r
lnau~ed, w fall w de~iym p~omptly any of said pol~cies of intvrance to s~~d MORTGAGEE, w fai! promptly to pay fulty any prem~um therefa or ie? a~y
rrspect Fail w pe~fam, d~scharge, execute, eifcct, comp:ete, comp~y wi~h +nd abide by th~t tovrnan~, o~ anY Wrt hereof, sa+d M6RiiaAGEE may p~xe +~a
pay fo~ auch imura~tt o~ any part thereof withoul waiviny w affectin9 any op~~on. {ien. equdy, or right under o? by vi~tue of Ihis Matgage. arid the
. : d... ......w~. ."d ~hall beu iMetest irom the date thereof until pa~d at the rat~ ot
vun a~nwm vi e..n .~~u .i.o.~ ...r:c r...,..._.-: _ . - - ~
n~re pet ceotum Fe+ ann~m and to~rther with stich inrerest shati be uwred by the lien o1 this mo~tgage.
1. To p~~mit, eomrnit a suifer no waste. impeirmenf w deter.cretion of said property w any part 11?ereof.
S. To pay all a~d siigulu the costs, charges and expenses. Inciud:ng a rcasonable a:torney's fee and costs of ab~tr~c1~ fu' 1• ~form, d~x
~ s
~ny time by satd MORTGAG~E, beta~se w i~ ~he evem of fhe fa:lu:e on the part of the saed MORTGAGOR to duly, promp Y Y P~ 9•
:xrcute, effect, complete, tanp~Y w~th and ab.de by each and every ~hr stipulai~uns, agreements, conditions. and covenants o( sa~d pran~ssory note +nd this
-:orrgage any or e~ihe+. and sa~d.costs. charges and e:pcnses. each and every, sha~l be immed~a~ely due and payable: whethe~ o~ rwt tF+ere be ~otice de-
;.,;nd. ~ttempt to cWktt w suit perxl~ng; and the full a~nouM of each and erery s~rch payment shall bear in~erest from Ihe dale thereof until paid at th!
~r uf nine per tentum ~xr s~~~um; anc: a1: sa~d costs, cFu~3e~ and ex;:enses ~nc~~red u paid, tex~ether w~th such interest, shall be secvred bY ti~e IiM of this
mo~tgage. ~
b. T}+a? (a) in tAe event of any brexh of th7s Mor~gage w default on the pa~t of ~he ll40RTGAGOR, w(b) in the event any of satd sums of mw~ey
here7n refened to be not promptFy and fully pa~d withir. thuty (30) days ~ext aiter ihe same severally lxcum due ~~d psyabl~. without demsnd w notice.
er (c) ~n rhe cvent or_h snd every the stipu~atio~a, a9reements, tond~t~ons and corenants of sa,d promissory note and th~s mwtya9a any or either ~r~ no1
i•,;:y, prompHy a~d fuily perforrr+ed, d:scF•a~ged. executed, effected, cwnp3eted, compi~ed with and ab~ded 5y, then ~o e~ther or any such evem 1he sald ag
~+egate su~n memioned in said prom~ssory ~oro fi~en remain~ng unpa~d, w~th in~ere,t accrued, and atl moneys aecured he~eby, shalf become dv~ and paY-
ao.e fwthw~th, or thereafter, at the op!~w+ a~ aa~d MQRiGAGEE, as fuj~y and comp:eceiy as if all of the said sums of money were or~g~n+11y stiputated
io be pa~d a~ wch day, any~hirg in sa:d p~e~n~sswy note o~ in this ~1w~gage ~o the comrary notwithstanding; and IFxrevpon w thereafta af fhe option of
sa:d MORTGAGEE, w~thovt norice or demar.d, suit at law w in eqwty, rhera(ore a thcreafrer begun, may be proseculed as if a~~ moneYS securad hereby
ned maturld p~+or ta ~ts inititution.
~ ~atM~
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7. 7hat in the event tl~at al tfie bcyin~~.g of a at a~y time pendi~g any su~t upon this ti~wigege. o: iv IV~Ct~Vi~ i
.~y r;,men: of any clatms i+~evnder, sa~d MORTGAG~E shall eppfy to the Cour~ ha~~„g lvrud:a~or: ~hereof for the appantment of ~ Reteiver, such Cour1 sh+~~
^.,,,;rh aFpo~nt a re.eive~ of sa~d mortgaged proF~'ty a!1 ar,d s:~gu:a~. :~ciud•~~g ail and s~~~gular Ihe income, profits, issues and tevenues ftom whatever
-:=e derived. each end every of wh~ch. ~t be~ng <xFressfy unde~s~cod. is hxreby rt~o~~yaged as if ipeufically set fwth ~nd destribed in tht yranting and
c:.-Rdum davse3 herro4, and such Receiver shalt havr all the b~uad and effecnve (~rr..ons and powers in anywise entrusted by a Court to s Recriver, and
s_ appointment shaU be made by such Cov~t as an a~imitted eq~~tY ar.d a rr~Tfer of absotute r~ghl to said MORTGAGEE, ~nd withoul rekrcoce ~o the
..,:~,~v~cy w inadequacy of the valoe of the property mortgaged or to tne so.vency or ~nsoivency oi said MORTGAGOR w the defendants, and that such
.+s. proiits, ire.:onk, issues a~xf rovenves shatl be app~+ed by such Receiver accord~,~.g to the lien or equity of said MORTGAGEE and fhe. practite of suth
Court.
B. To duiy, prompt:y and ~ully perfo~m, d~uharge, execute, effett, com.piete, con:pl j with and abide by each and lvery the sfiputations, agrtements,
._-d;r.orn and cove:wm; m sa~d prom~sswy note and ~hts m.:rtgage set fcrrh.
9. 7hat in the eveM ehe owrter:h~p of she martgaged prem:ses, or aar part tnerecE, becomes vested in a person othet than the MORTGAGOR, the
~RTGAGEf, i+s s~ccess:ws ar.d asaiyns, ma~, wi:lw~.,t no*~ce to 'he ,Y~ORTGAO~, deat wuh such successw w successu in iMerost with retercnce to this
:,-~gage a~d tne deol i~~ereby sec~red in ti:e sarr.._ mar~ar as wi!h h~crt]agor w~tFw~W in any way vitiating or discharging the Wlortgago~i lesbilify herr
~~.3er or upon the debt he:e~+y sei.,:ed. No saie of tt.e pre~n;ses hereo~ mo~ryaged and ao iorbearance on the pa~t ol t}+e MORTGAGEE w in successors
c; ass~gns and no exrertsion of the f[me f~r ~~e paymem oF the de6t hereby secured g~+en by the MORTGAGEE or its suctessors w au~gns, sha~~ operate
~~'`o~, d:y~ti~;.y~ .h.n~ ~r atfect the oria~nal liau;:itv oi the N,ORiGAGOR herein, eithe~ in whole d in psrt. .
10. N is speufica(ly egreed +hat rime ~s af tF.e essence of this contra:t and that r+o waiver of any obligation hereunder or of the obligatan sr
c:.red h.reby sHait at any time rherrateer Ex heid to br a wa~+er oF the !erms hereof or of the instrumeM secvred herby.
11. In add.r~o~ to +na forrgc:~9 ~~on'h:v F3Y'T,=nts of p•inc pat or.d ~~•~rres' requ~:ed by the prom~ssary nore secured hereby, mo+igagor toverwnri
=•.d agrees to paY to r1o-igny~e wi~h eacF. monrh'y payr.~ent an addr.ionai s~m es!~ * ated b~. mortgagee to be equal to 1~~12 of the annual cost of tFre follow-
' A-All real property tasas 'eriad or essessed aga~~.st the abave describrd real es'ate.
g-pr,~miums on fire and windstorm irsv~ar.ce a: he~ein requ.red to be carr]rd en the improvemenis situate w? the above destribed premises_
I
~ C-Pre.r.+ums on such ~rort~~e guara~ry i~sura. ;e as mort9.?5ee shaii 4rom t me ta t~me deem fif to ca~ry o~ ~he ban secured hereby.
[ Al4ortgaqee sna!' fro~n ~~.na to t~^-e no'+~y morrgagcr ~n w~~ting of the aa~~ou~t dve ard payabie hereunder and such w~n sha0 thereupon be due and
E ,=o:e on tix due dafe of the neat ~:onth'y payment and each successive month the~eafter ur~til mortgagee shall notify mortgagw of a change in wch
~ -`~vnt_ Such su~ns shail ~e ap~+lied by morgagzc fo.~ard the payment of real pr:;perty ta~es, insurante prem:ums, and mortgage guaranty insurance
~ -~~~~~,ums_
IN :YIiNESS WHEREG~, the sa~d A'tORiGAGOR has hereu~to set his ha~:d and seal tne day and year firsf aforesaid.
5~yned, $ea(ed arsd de~ivered in the presence of: - ,p
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St en C. Sa~ le ,q
~ s~.n
- - - ula M. l~e ,q
~ ~ a~iE Of FIORIDA ) '
SS.
_-u~~nr of St. ~-ucie i
Befwe me penona~ty appeared StBDbB~ C S~Dle ~
~Zli~a M• Sa~ple his wife, to me well known and known to me to be
e~nd~vid~als deur~bed ~n and who e~eecuted the fwegang instrument, and acknow{edged befwe me that they executed the sama fot the pvrposes
-_~ein expresxd. And the said TZtll~ M• .~~Jpl@ -
~:~A o{ tF+e sa;d - $teD eIl C. Sd.1Dl@ uPo^ a uP+~ats and privete
.aT~natwn by me taEe++ separate and apart from he~ said husband, ~cknowiedged to and before me that she executed sa~d instrument freely end votu~-
and w~thout any compulsion, constraint, apprehen-s:o,+J+, or- fear of w from her said husba~.
~ WIThESS my hand and off~c:al scal tfiis day of J~Y - A D. 19 74
~ ~
-
Notary Public in ~nd {w the_ St of F{orids ~t lsrge
~ My Commissiw~ expires: ~ O- 3 0'~{~
~ Return To:
r;rst federal Savings 3 loat~ Assxiat~on
~ Qf Fort P,erce.
Fo+t P~zrce. Flerida Fll:d t~'' s,~G~;~~~ ..,y~r••b~i! r
~ sT. ~uc~~ : ~UMT'f f1A. ; . • $3 .
fi:;~ '~'TP.AS •'y;c~,~.`y~''~s,: ; .
r~ :(,1;tT CO!!RT ~ ~ ~ ' :
EFK _ : .
p:~: _ . . ~
This Instrument Prepared ByJ~ H. RobeYts .IY. _ _s+~"•'~ : ~ ' : •
First Federal Savings d~ Loan Association p 3 4~ PH ~~1,~ " ' Q, -~'f 1--
of Fort Pierce~ FloYida 33450 3Y , _ :i ' . E=
° : ; : .
Checked By-~~ ~~.~?~0 ~i`'••..:..•~''~.~?',.`
~ I~, ~ . . `"r ~
° R PacE ~ ~ ~~~-~,,~E:~«,~~,~~~~
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