HomeMy WebLinkAbout2156 To plsc~ and ca+~inuouily keep on the bui:d~M1gs now or hrreaft~r fituare o~ ?aid land and an all equ~pnient ~nd personslly tave~ed by thif mortg.
egs, wiih all premiums ?he~eon pa~d in f~ll, i~re insurarxa in ~he ususl sta~srd po~ity form, in •~~m nppr~edo
YP±n~N~C~RTIG~GMORTGAGEEs~may
~~suranc~ in tM uswl ~~+nd+~d po~~cy ~am. • ~~m app~ovid by tM MORiGAGEE, in such compa y
dhett; and -all (ir~ and w:nds~orm inwro~+ce paiiciea on any ol said buitd~~g+. ~ny i~le~sst ther~in w part Iha~~of, in tM agyrep~~~ ium ~1w~said o~ s
in extefs Ihereot, shall co~~sin th~ usua~ standard mwtgaqae claus~ or such o~he~ dauu as ~M Ma~q~ge~ meY «qu~re, rnakinp ~M lou undN a~~d po1F
c~es, each and every, payab~e ~o w~d htORTGAGEE as its in~rrest may appeu, and each end eve~y svch policy ahall Ix promptlY ass.y~ed and del~ve~ed ~o
eny held by u~d MORTGAGEE as (urther secur~ty ~o said ~nor~gage deb~, and, not Iess ~h+n ?en (ld1 d~ys in ad+a~ce of the exp~r~?ia+ of e~ch po:~cy, to de-
f,~e~ lo ~aid MORTGAGEE a renewal thereof, toge~her with a rcce~pl Iw the Wemivm oi ivth ~enewsl; and Ihe~• ~hall be no fi~e or windsto~m insurant~
plxed a+ any ot ss~d build~ngs, +~y ~~~srest the~ein or p+rt thereoF, unless in the (orm and with tM lo:s payable as afwes~id; ~nd in the event any sum
of money becomea payab~e ~nder such po?icy w polKies said MORTGAGEE aFwll Aava ~he op~an to ~eceive arnJ apply ~hs sam~ on ~ccount of the indabted-
ness secured hercby or to permit se~d MORTGAGORS lo reteive and uu it w any pa~l ~hereo( ior o~iia~ purpases, ~v~thout ~hsren,r waiv~~~g o~ ~~~~pe~~'
~ng any equ+ty, lie~ or ~~glu unde~ w bY ~~~~ue o~ ~hit ma:page; a+xl the event sa:d A1pRiGAGOR$ ~hall ia any ~eason fail to keep the said pramiset io
insured, or fail b de~iver promp?ly +ny of uid po~~cief of insuranc~ to sa~d MORTGAGEE, a fail prompfly to pay fully any premium therefor w i~ a~Y
respect fail ~o perform, d7xharge, execute, etlect, <omplete, complY wi~h end ab~de by tF~is covenan~, a any part hereof, said MORTGAGEE ~+~aY P~ace and
p~y tw sucl+ insurance or any part thereof wirhout waiving o~ ~ifecling any optiun, lien. equ~ty, o~ righl undtr w by virtue of this Mortga9e. and the :
fuil amoum o} each and every such payment shall be immedialely due and payable and shall baar interesl irom the date lhereoF ~ntil psid a1 the rats o1 ~
^~ne per centum per snnum snd to~ethrr w~tA such interest shal! be secvred by the ise~ oi this mortgage.
1. To permit, comrnit a sutfer no waste, impa~rment a deter~orat~on of sa~d property or ~~Y Pu1 tlureof.
5. To pay ard singular the costs, cha~ges and expenses, u+cludnq s reasonabie anw~ey i Fes snd costi of abstracts of tiNe, incuned o~ W'd
~ny firre by.aaid MORTGAG:E, betause a in the event of the failu~e o~ the parl of the sa~d A50RiGAGOR to duly, promptiY +nd fully perform, d~xharge,
>Arcute, effec~, compiete, compfy w~th and ab:de by each and every ~he stt~x,lai~ons, sgreements, co~ditiau, and covenants o1 said pro~nissory note a~d ihis
n,orrgage any w e~ther, and sa~d cos~s, charges and expenses, exh and every, sha~l be immedietely d~e +nd payable; whe~FKr w not ~he~e be notice da
mand, attempt to caled w suit pending: and tlx tull amovnt of each and e'~ry such payment shall bear iNerest from tM date thereof unti{ paid at tht
~~ia of nine per cenw:n prr ann~m; ar~d all said costs, cha:gea and rrrrnses i~cwrrd or pa~d, togethe+ w~lh such interest, shall be stt~red by 1FK lien of thi~
~nongage.
b. Thst (s) in the evrnt o~ any breach of this Mortgage or defaulr on the pa~t of ihe MORTGAGOR, w(b) i~ 1he event sny of ssid iums of money
herein ?~fer~ed to be not promptly and fully paid within th~rty l30) days nexf a!ter ihe same seve~ally become due and payable, withaut demand o~ notice,
cr (c) in the eveM exh and eve~y ~he stipu~ationa, agrcemen~s, conditions and co~enanrs of u~d promiswry note and th~s matg~ge a~y or either are not
iu;y, piompNy and fully performed, d scharged, executrd, eiiecred, compietrd, con-~Ni~e~ vc::h a:^.~ a~~d~ hy, fhsn in e;1hM e+r any such evant the said ag
~~~-gate sum memioned in said promiisory note tha~ rema~ning unpaid, with in~erest-accrued, and ail money secured hereby, shall become due and pay~
ab:e iorti~witly or thereaftcr, at the oprion of sa~d MORiGAGEE, as fully and comp!etr~y aa ii a11 of the said sums of money were aginally st~pul~tcd
io bt d on svch da an thi i~ sa.ti ~om~ssw nox w~~ ~n~s htwi o to i~.e .~::;:ar~ =:o:.-::'~:i'~'~: ~~"r~Y~" thereaiter at tF+e option of
pe+ Y. Y ^9 P Y y y°
:,.d h!ORTGAGEE, wrt}AUt nonce or demanJ, suit at law a in equity, therefore o* thereafter begun, may be prostcuted as if atl rtaneys setared h~roby
r, _d matured pr~or to ib inst~tvt~on.
7, That in the event that at the beginn~rtg of or at any t~me pending any su~t upon this A~~ortgage, w to foreclose it, w to reform it, or fo enforte
~.ent of any cia~ms hereundrr, said MGRTGAG:E sha:I opply to the Co,,r~ hav~~~9 ~u~.sd~a~on thereof fo? the appo~ntment of • Reteire~, wch Cov?t shall
fc•~~hwi~h appoint a rece~~e~ of sa~d mo:tgeged ptoE:r~ty all and sin~u.ar, ir.t:~o•n~ aYt and s~ngular the income, p~ofits, iuues and rovenves irom whateve~
_~cr de~~ved, each and every of wh~ch, ~t being ex,ress'y unde~s:oad, is he:eby n:ertgaged as ii speufically set fath and deuribed in the g~an?ing and
h~bendum c:auses Fxreo4, and such Recerver sha1l have all the broad a,d efrec~iae" funcr ens end powers in anywise eMrusted by a Court to • Receiver, end
s__h aFpoiatme~tT sha~~ be made by such Court as en ad~nined equity and a rratfer of absc~vte ~~gM to said MORTGAGEE, and withouf re(ercnce to the
~::,yU3Cy w inadeq~acy of the va{ve oi the property mortgaget! os to ~i~e so.~•e~cY or ~n>o~~ency o1 ta~d MORiGAGOR or the defendants, and that such
r•~-,~s, profits, income, issues end revenues shail be applied by :uch Rcce~ver accord:»g to the lien o~ equity of said MORTGAGEE and Ihe practite oi such
,.c.:rt. -
8. To duty, pror.+~tly and futly pe?to~m, d~scharge, execute, effect, comptete, comNiy w~th and sbide by each and every the stipulaians, agreements,
.;~~d~tions and wvenants m sa~d promisswy note and this mortgage set fath.
9. 7hat in the event the owrxrship of the martgaged prcm~ses, o~ any part the~eof, becomes vested in a person other than the MORTGAGOR, the
~RTGAGEE, i!s successors and assigns, may, w~rhou~ r.oTlce to the A10RTGAOR, deal w~sh such succcssor w successw in interesl with reiercnce to this
~~~gage and the debt hereby secured in Ihe same man+se? as w+th PJbrtgagor withoW in a~y way vitiating w d~uharging the Mortgagori liability herr
~ d_r or upon the drb~ hereby secured. Na sale of the prem~ses hereby rnortgaged and no forbearance o+~ 1he pa?t of the MORiGAGEE w its sutcessors
c: ass:gns and no earens~on of the time for the payment of the debt herehy secured given by the MORTGAGEE or its ~uttessors or aulgr?f, slull operate
.L_ ..4..1~
io re!ea:e, d~scharge, moorfy cnan9e or a:iect 1ne ong~noi i~eu~~~~~ oi u~e b•vA~JMIilJR t:t:re[~=, a<<.•=_
10_ It is spec~~~ca1~y a~reed that rime is of the essence of ~t~~s cororact and fhat no waive+ oi aoy obligation hereunder or of the obligation st
c~.red Fw:reby shall at any time thzreafter be heid to be a waive~ of the teims hereof or of 1Fx instrument secured herby.
t l. In add,!:o~ 'a the fo.r~o ng moMh!y payments of pri:,c pai and ir.r~rest .equ:~ed by the prom'ssory nore secured hereby, mortgagor eovenants
~rd agrees to pay ?o r.:e:tgaaee w~:h each ~non~h~y pat~ ~em an add,r~onal wm _snn:a~ed b/ mo-tgagee to be equal to 1;`12 of the annual cost of the follow-
~ A-A~I real property ta:rs lev~~d or assasse~i agai~,st thc abeve descnbcd reaf esTate.
G! B-Pr~miums on f~re and windsro:m ir.surarce as ne:e~n rc~u;red to be carried cn the ;mproveme:ts situate o~ the above described premises.
E C-Preniiums o~ such mortgage gua~anty ir.surar,ce as mor~gagee shail from t:me to time deem fit to carry on the loan secured hereby. r
M.or~gagee shail from +ime fo t~me no!~fy mongagor in writ~ng of the a~ount due and payabte he?eunder and such sum shall therevpon be due arid
~ .-+b'e an the d~e date oF the next -oonth:y poyment and each wccessive month thereafrer ur,til mortgagee shall notify mortgagor of a change in such
~ ovnt. Such sums sFa:l be appiied 6y morrgag~e toward the paymenr of rea! property ta:es, insurance p?em:ums, and mwtgage guaranty i~surance
$ -
; ~r~.niums.
~ iN \'11TPtE55 ~+NEREOF. ~he sa~d MORTGAGOR has Fwreunto set his har.d and s I the da foaesaid.
$igned, Sea:ed and delive~ed in the p?esence of:
~ .
~ SeaQ
. e
Seal)
t~ Sea~
, @j/ . ZOS
~ :t.:_~t/f. ~ (sea4
;?,:TE OF FtORIDA J
~~!JTY OF L~ 1@ 1 ~ .
Forest E. Grose ~
Befwe me pe?soewtly appeared /
_ Sheyla M. Grose h;, w;t~, ro me W~n k~o,~n~gn3~~C Q b.,.
individuals deuriNed in and who executed the foregoing instrumeot, and scknowledged before me that they executed 1~ f~~ •~~T ` ,
. - Sheyla M Grose " ~ f '
~~~~e~n expressed. And the sa~d - ~
of ,~~a Forest E. Grose ' r'` '
..~m~nation by me taken separate and apart from her said husband, acknawledged to and before me that she exetuted said i ~ent •fteel~~ ~~r
• and w~rhovt ary compulsion, constraint, appr ns~ w fear of or from her said F~usband. ' ~j- ` r~
q~r~' Ail llSt , ~ • ' ~
WITNE55 my hand and of(ic:al seal th~s--_~~G6~- day of ~ p~.~--T-
,
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~ ~ otary Pub~ic in snd fw the Stats oE ~lorid~_ tl ~Qirye
y Commiu'an eapires:/~ ~ y(J
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Return To:
~irst Federal Savings 3 loan Associatio~
Of Fort P•e~ce.
~ Fort Pierte, Flo•ida f~tEC ~ai ~~~~V~~E~
~ ST.IUC.- : a.~Tr FL~- i\
P.G = -'<<~'AS ~
C~=R! . .':~l i,4ilAT
This Instrument Prepared ByGary F. Ellwood ~
First Federal Savings & Loan Association
- of Fort Pierce, Florida A~~i ~ 36 ~N ~7~
Checked Byl.'~- ~
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~ BooK~.c7V PAGEz~~
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