HomeMy WebLinkAbout2496 To pl~c~ ~nd cauinua+sly k~ep on tM buildinp~ now or hsr~ait~? ~~tvat~ on taid I~nd and on ~11 ~qvipm~nt ~nd pKton+lly tovNed by tAi~ mat~
p~, with ~II pnmium~ therea+ P+~d ~n ~~~b ~~re insurance +n 1M uaual s~andsrd pol~cy fam, in a~um +pixoved by tM MOR(GAGEE, and windstam ~
insur~nce in tM uwal s~u+dud pol:cy fam, i~ a ium spproved by the MORTGAGEE, ie such tomp+ny w canp+n~~s +s ~h~ MORIGAGEE may
dir~clj ~nd ~II ikr and wi~d~lorm insuranc~ policies a+ any of s~id build~~+qi. ~ny i~tertst Ihe~tin w put Iherwt, i~ IM pqre9~r~ wm aforesaid o~ J
in exteu theaof, ~1a11 contain th~ usval sfandud ma~fl~gee dsuse w such orha clws~ u tM Mw~qags~ m+y rpuk~. ~^+ku+p N» ios~ undaY u~d po~r
ues, eacA ~nd ev~~y, payabk to said Y10RTGAGEE ~t it~ in~erest may +ppsa~, and each and every tuch pol~cy shall b~ p?on+pNY +ss.9^~d •"d d~~'~ered ~o ~
•ny held by ~id MORTGAGEE +s tur~her secvrity 1o ta~d mortyage debf, and, oot le+~ tha~ ~K? i~0) days in advanc~ ot 1M ~xpir~tion oi each pol~cy, to dr
liver to aid MORTGAGEE • renew~l lherwf, to9e~Mr with a receipt fw tFe premium ot iuch rentwatJ and there ~hall be no firs or wi~dstam inswanc~ , ,
plsced o~ ~ny of said buildings. any intersst thertin a psrt ~hereof. unlesa in the form ind with Ihe lou payable az ~toresa~d: Md in tht event any sum . i
of nwn~y b~comea paYsbk unda ~uch polity w polKies s+id MORTGAGEE ihall haye ths op~wn ro receiw and apply the sarn~ a? ~ccouM of th~ indebtrd- : !
ness fecured hereby w ro permit said MORTGAGORS to reteive and vae it or any pa~t the+eof fo~ othcr purposes, withwt thareb~ waiv~~~g or unpai~- ~ i
iny ~ny eqvity, lien a right u~de~ or by virtw of this ma tgsge; u~d in the event uid MORTGAGORS shall fa sny re~son fail to keep the said p?tm~ses su ~
insured, or fai) !o deliver promptlY any of said policies of insurance 1o s~~d MORTGAGEE, or fail promptly ro p~y futly ~ny premium thtrefa w k+ +~p
respect fail ro paiam, discharg~, execute, effect, complate, comply with and abid~ by this covcnant, w any part hereof, said MORTGAGEE m~y p~xe a~+d .
pay tw such iruvrance o? any part thereof wrthou? walviny or aHeding s~y opt~on, lieo. equ~ty, or righf under a by virtw of ihis 1Mort~sgs, and the
i~ll amo~nt of each and every ~uch paYment thall be immediately due snd payable and shall baar interest from the dat~ thereof vntil paid at the rate ol
~:~:,e per centum per annum and togetF:er with such interest shall be secured by the lien of this mottgage. • :
4. To permit, tommit or sufie~ no waile, unpairment a deteriorstion of said prope~ty w~ny part Ihereof. `
S. To p~y all u~d singula~ the costs, charges and expenses, indud~ng a reasonable ettaney's fee snd cos~t of abstr~cts o/ title, incvned w p+~d at ~
any time by sa~d MORTGAGfE, because w in the eve~t of the failure on the pazt of the said MORTGAGOR to duly, promptlY and fu~~Y P~form, d~uharge.
execute, effect, complete, comply with and ab:de by each and every the atipulaiwns, agreements, conditions, +nd coven+nn oi sa~d p+wn~sswY no~e +^d ~ha
mortgage any w either. +nd sa~d tosts. ch~rges and expenses, each and every, ~hall ba im~rediately due ~nd payabls; whether a nof 1he+e be-no~ice da
mand, attempt to colkct w wit perxl~ng; and the full amou+N oi eath and every such payment chall bea~ imerest irom ~he dats thereof un~il paid at 1ht
~~te of nine pFr centum per am~um; and all wid costs, charges and expenses inturred or paid, together wilh s~ch iMerest, ihal) bt secured by the lieo of this
me~tgage.
6, That in the event of any breach of fhis Mwtgage or defa~lt on the paA of the MORTGAGOR, or (b) in the eve~t ~ny of sa~d swns of mw~ey
herein referred ~o be not promptly ~nd fully paid wi~hi~ th~rty (30) days~nex~ aircv the sarr~e severatly become due snd payabte. without dem+nd p ewtice.
or in the event each ~nd every Ihe stipulations, sgreements, cond~tions aod covenants of w~d promissory rate and th~s matype any o~ ~~ther a?t nof
iuly. PrompNy and fully perfwmed, d~xharged, executed. effeaed, completed, comp6ed with and ab~ded by. then in either or eny tvch ev~nt the ia~d ag
gregate sum mentaned in aaid promissory note thrn rem~ini~g unpaid, with interezt aurued, and all mor+eys aecured hereby. sMll betort~e d~+e and pay~
ab:e forthwith, w thereafter, at t!?e oprion o{ said MORiGAGEE, as fully and canp~etely as i( a~l of the said sums of ma~ey were aiginatly st~pul~ted
ro be pa:d on auch day, any~hing in sa:d prom~sswy note or in thls Mwtgage to the cororary notwithstand;ng; and ~herevpon o? thereatter a~ the opt:on of
se:d MORTGAGEE, without notice or demand, suit at law w in equity, therefore or thereafter begun, may be prosecuted u if sll moneys secured hereby
Md maturQf~ prWf 1o its ~nttitutWn. ' -
7. Thaf in the svent that at the beginn~ng of or at any t~me pending any su~t upo~ this Mortgage, or to forecloae it, a to rcform it, or to enforce
payment of any daims t+ereunder, said MORTGAGfE shal~ .appiy to the Court hav+ng jurisdkr.on thereof for the appointment of s Receiver, wch Cou~t sh+~~
forrh,rith appo~nt a?eceiver of sa~d mortgaged prope.ty all and s~nguta?, includmg aii and singular the irtcome, p~ofds, iuu~s arx! revenues from wha?e~n
s•; ~rce derived, each and every of wh~ch, i~ being expressly understood, is hereby mortgaged as ii speufically iet forth and dewibed in the 9raMiny and
habendum clauses hereof, and such Receiver shall have all the b+oad snd effecti+re funcr~ons and powers in anywiie entrvated by a Covrt to a Receiver, and
s~ch appointmen~ shall be made by such Court as an admitted eqvity and a m.atter cf absow~e rght to wid MORTGAGEE, ~nd without ?efereoce ro the
a~equacy o+ inadeqvacy of the value oi fhe propeity mortgaged or to ~Fce so~vency or ~nso~vency of said MORTGAGOR or the defe~ants, aru) ehal tuch
rents, profits, income, issues and revenues shall be applied by such Rece~ver ac:wd:ng to the lien or eqvity oi said MORTGAGEE and the pract~ce of such
Court.
8. To duly, promptly and (ully perform, discharge, eaecuse, effect, cornplete, comply with and ab7de by ead~ and every the stipulations, syreementi,
:ondltions and covenants in sa~d promissory no~e and this mortgagc
iet forth.
4. That in the event the ownership of fhe mortgaged prem~ses, o~ any part thereaf, becomes vested in a person other tFun the MORTGAGOR, the
4•.CRTGAGEE, its succeuors and assigns, may, without ~otice to the ASORTGAOR, deat wi~h such successor o~ successw in interesl wish reierence to this
~~igage and ~he debt hereby secvred in the same manner as with Mc:tgago~ w~thout in any way vitiating o~ discharging the AAw?gagori liability hera-
u^de~ or upon the debt hereby 3ec~red. No sa.e of the Fremises hzreby mortgaged and no forbearante on Ihe part o( the /AORTGAGEE or i's successors
or ass+gns artd no exte~sion of the time (w the payment oi the deb~ hereby secured g~ven by the MORTGAGEE or in succeuors w auigos, shd~ ope~a~e
to re!ease, d~scharge, modify cha~ge or af(ect the original Iiabil~ty of 1he MORiGAGOR herei~, either in whole or in put.
10. It is spec~fically agreed that time is of the essence of this contrxt and that no w~ive~ of any obligation hereunder w of 1hs obligation se-
cvred hereby shall at any time thereafter be held to be a wairer of the terms hereol or o1 the inst~umeM sKUred herby.
Il. In add~tia~ to the fwego:ng month:y payments of prir.c"pal and interest required by the p~om~ssory note secured hereby, mortgagor covenanri
~~,d agrees to pay to mortgagee with each monthly pay~nent an addrtional sum est~mated by matgagee fo be equal to 1~12 of the aonua) cost of the folfow-
A-All real property taxes levied or assessed agai:ut thc above described ~eal cstate.
B-Premeums on fire and w~ndstorm ~nsurar.ce as nerein requ~red to be ca~ried on the improvements situate on the above desuibed premises.
C-Premiums on such mortc~age guaranty insurar,ce as mo:tgagee shall from t~me to time deem fit to tarry on 1he (oan secured hereby.
j INortgagee shalt from time to time notify mwtgagor in wr;t~ng of the arnount due and payable hereunder and suth sum shal! thereupoo be due and
~ :=yable on the due date of the next monthly payment and each successive month rF~e:eafter ur.til rnortgagee shali notify mortgagor of a cha~ge in such
~ ~~.ount. $uch sums shall be apptied by mortgagee toward the payment of real property taxes, inwrance prem.umi, and mwtgage guaranTy insurance
~ :re~n:ums.
~ IN WITNESS WHEREOF, the said MORTGAGOR has hereu~to set his hand and seal the day ar~d yeu fint aforesaid.
Signed, Ses{ed and delivered in the presence of: -
~ n
ames . eter ~
~ . o
~ - - r H Peters
0-
SiATE OF fIORIDA
St . Luc ie `f ~
cOUNTY OF
Before me personally appeared JameS Peters u~d
MdYy H. peters h;, w~fc, to me well knovim and known to me to bs
the i~dividuais desuibsd in an~ wFw executed the fwegang instrument, and scknowledged befwe me that they executed the sarta for the pwposes
~iere~n expresud. And the said MaYV H. PQtgZS
r~,fe of rhe said )ampc ~ Petara _ upor~ • sep~rat~ and privat~ ,
exam~nation by me taken separate and apart from her said husband, atkrawledged to a~d befo~e me that she executed said instrumenf freely and volur~ '
r=_~~;y and witiiout any compulsion, constraint, apprehemion, ot fear of w from her uid husband
WITNESS my hs~d and offic~al seal th~s_ 14th day o1 AuquSt A. D. 19 74
'fi /A . f
~ Notary Public in and w the Sute of Fbrida at lsrpe
My Comm;ssion e: ~ G- 3D 7 L
_
Retum 70: ~
~ First Federal Savings a loan Association ~
Of Fwt P~erce. .,;~`i~1~+f~i`~{,~..
fort Picrce, Norida ~~tiEQ R\'- R` i.~ROED j.
57.1U: : ;LtihiY flA. :
RO~~_ : F_~•?qAS ~
T COURT ' • - u~ :
CLF~K _jF'~ ~I ~ ~ ~
Roberts Jr ~ a`~'4. , : '
H. ' ~ ' ; "
This Instrument Prepared By J. _
First Federal Savings 8 loan AFsociation ~ rl~ 3 s3 PH , G::
- of Fort Pierce , lorida 33450 ,~+r:;i ~j y y
~ ~ . ; - :
~i t ~~,`+a- r. :
289244 . • . ~
Checked By .,,y,~., : - - •
~~~i,,,. ,
F _
~ dooK230 ~~2495 • . ~ dz_.:-
- ~w ~ ~
~ , ~ t~
, - ~
_ ~m ..w.~.v,~ _ , ~ _ ~ ~K,~~