HomeMy WebLinkAbout2953 3. To plac~ ~nd continuously keep on the kwifd~n9f now w her~aitN ~itust~ on said land ~nd c~n a~; '-~i'~++F:'°^~ ~a1~y cov~red by this mat~ ;
sge, wi~h dl p~emiumi ~he~eon pa~d in 1ull, fi~re ins~rance in 1F?~ vswi siandard poGCy fam, in s sv-n ey-f:~+~r! ir,a fAUltl'v:.GEE, a~d wind~twm f
~nsur~nc~ in tM vswl i~andard pol~cy fam, in a sum app~oved by ~M MORTGAGEE, in iuch ~~~~~s~•+ M=<N~=;-~~ as ~M lNORTGAGEE may ~
direttl alt iir~ and windstorm insuru+cs polk~e: on +oy of ~aid build,~+q~. any inrer~st ts.~:;ein cr s~:t stKrwf, ie IM ayq.e9at~ wm ~foresaid a-
tn cxce~s tF~ereof, shall contein ti~ uiual s~andard mor~ga9ea clauis o~ such o~her daus~ +s t!w Mws~a4ao r"+~ ~eQ~~r~• ^+~~"`q ~M loss undc+ ~a~d pd~ ! j
cias, each snd every, paYab~e to s~id MORTGAGEE a~ ~h in~erest may appear. •nd each snd eve~Y such pa~~cy a'si~11 oe p~omp?ly ass y~ed u+d delivered to ,
eny held by ia+d MORIGAGEE as (urtho~ tecurity ~o sa~d ma~yage debt, a~d, ~o~ icu ~Mn ~en t~~r d•~s ad'+rnte o( tM •xpiro~ion of each polity, to dr _
!:.rr ro said MORiGAGEE a re~ewal thercof, tope~he~ with s rece:pl for the p~emium o! ~uth re~Mwd1 end ti+ert sMll be no ~~~e or wi~~ds~o~m inturanc~
placed a+ +~y of said buildings, any ime~est ~hrrecn w par~ ~hercof, unleu in ~he fo,m and with tt~e ~oss p+vabt~ si •faes~id: ~r~d in ~he e~~nt any. sum
oF mo~ey becon+es paYa4le vnda such policY p' PoUcies uid MORiGAGEE shall have ~he optwn to rrt~,iv~ end appty tht same on ~ccour+? of the indsbted~
ness securad FKroby o~ to pe~mit sa~d MORTGAGOR$ to rtceive and u~e it a any part rhereoi tor othrr pu~posrs, wi~hout th~reu~ w~ivmg or onpa~~- ~
ing any equ~ty, lie+? or r~qhf ~ndzr or by virtue of tha masysge; ~nd ie? the event sa~d MORIGAGORS shafl for •ny reawn fai~ to kcep ~he said pra++~us ~o
~nsvred, or fail io deliver promp~ly any of sa~d polKies of insur~nc~ to uid MORIGAvEE, w fail prompf~y ro pay fully a~y pre~nium therefw p in any 1~ ~
.espect fail to pe~(orm, d~scharge, execute. e;}ect, comp~ete, caTply with and abide by th~s tove~ent, a any part hrreoi, ta+d MORTGAGfE may place a~+d ,
pay fa such insurance or ~ny part thcreof w~thoul waivinp or affec~inp any optian, lien, equity, or right unde~ a by vi~tue of thi• Mortga~e. ~~+d ~hs
full amount of each and every such paymant sholl be .~~nedutely due and payable •nd shatl bear interest f~om the date 1Fiereof until paid at the rata ol
r~:-,e pe~ cemum per annum atx! to~rthr~ Nith s~_h i~~rerrf~ ehali 1x securcd by fhe lien o( thia matyage.
4. To permit, commit or aufier no waste, impairmem or dctrrioration of sa~d prope~ty w any part ~he.eof. ~
5. To pay all and singutar the tosts, cMrges and expe~+srs, includ~ng a reasonable attwney i fee snd costs of abstrasrs of titl~, i~curred w pa~d t
nny time by seid MOR1GAGfE, because a in ~he event o1 the fallure cv+ the Rar~ of the aa:d MORTGAGOR to duly, p~omptly and fully pe~form, d~xharge.
s.ecute, etfed, complete, tomply w~th a„d ab:de by ea:h and every ~he stipuiat~ons, agrecnw~ta, condit~ons, and covenants of said promisso~y note and thit
n:ortgage any or e~the~, and sa~d cos?s, charges and expenses, each and every, shall be immed~ately due and psyable; whetlx~ or not ~here be netite ds
mand, attempt to co:lect or suit pend~ngs and ~he full amount of each and every such payment shall 6ea~ imerest trom ?1+e date thereof until paid ~t t1+!
~.:re ot n~ne per centum par annu:n; and all sa~d cus~s, cha+~es and eapensea ~nturred a paid, together w~th such i~terett, sF?all be tecured by 1M lien of this
mor tgage.
6. Thaf (a) i~ the evenf of a~y breach oF this Mortgage or defaull on the part of the MORTGAGOR, o~ (b) in 1F~e evenl anY of said sums of money
herein referrad to be nol pro.nptly and fully paid w~thin ~h~rty (30) daya ne,ct after the same seve~atly become due and payable, without demand a notite,
cr rc) in the event each snd every the stipula~ions, agreemenrs, cond7tio~s snd covenams of sa~d promissory note and th~s mortgsge any p e~?her are no1
i~;y, promptly aod fully performed, d~scharged, execured, effecred, canpteted, compGed w~th and ab~ded bY. either or any such event the said ag
yregare sum mentianed in said prom7uory note then remaining unpaid, with inte~est accrurd, and a11 moneys setured hereby, shall become due and p~y~
ab e forthwith, or tMreaitrr, at the oprion oi sa~d AM1ORiGAGEE, as fully and comp:etely as if all of Ihe said sums of money were o~y~~atly stipuf~ted j
ro ba pa:d on such day, anything in sa:d promfsswy note or in this Mo~?gagr to the coovary no~wi~hstsnding; and ~hcreupon or thereaker at the option of ;
s~ d"dORTGAGEE, w~thovt no'~ce or demand, suit ~t taw or in equity, therefo~e or ~hcreafter begun, may be proxcuted as if all moneys secured hereby i
~:d rnatured pr~M to ds in;tituriOn.
7. That in the 3VM1 IFtdt at the beglnn~ng of or at aoy time pending any su~t upon ~h~s Mo~tgage, w to (aedose it. or to ~efwm it, w to eniorce
;.~~n:ent of any daims hercunder, said MORTGAGEE shall apply to the Coun ha+,ng ~unsd~ci~on thereof ior Ihe appoiMment of ~ Reteiver, sutfi Cour1 shall "
~•rh,vi!h apposnt a rece~ver of said mortga~ed property a!1 and singular, includ~ng ail and sinyu~a? ~he income, profils, issuei and reveoves from whatever i
s:~~•ce derSved, each and every oi wh:ch, ,t tx~rc~ e~pfessty undentood, is hereby mortgaged as if specifical~y set tath and dexribed in Ihe g?anting and
t:~r.endum ciauses hereof, and such Reca~~er sha~l hrve all the braad and efiec'ive fur.ctons and powero in aoywise emrusted by a Cou~t to s Receiver, and ~
s~ch appoinrment shali be made by auch Court as an admitttd equity and a matter of absolvte rigM so said MORTGAGEE, and without refereMe to the ~
e~eqvacy or inadequacy of the vaive of the proprr~y moitgeged or to the so:vency or ~nsoivency of seid MORiGAGOR or the defendams, and Ihat such
~ s, prol;ri, income, issura and revcnues shatl be appiied by such Rtteive~ accordh~g ~o the fien or equity of taid NIORTGAGEE and the practite oi such
Co~rt.
B. To duty, promptly and futly p~rfo~m, d~scharge, execute, effecr, corrplete, comply with and ~bide by esch ~nd every the stipvlations, sgrcements,
c; ~d~Yara and covenanrs ~n sa~d promisswy note and th:s mortgage set tor~h. _ _ ~
9. That in the event the ownersh~p of the mortgaged premises, w any part thereof, becomes vested in a person other than fhe MORTGAGOR, the ~
: ~ R?GAGFE, its successon and assigns, may, witho~t notice to tha MORTGAOR, deal with such successor or-successor in interest with reFerence to thi~ ~
.~•+gage and the debt hereby secured in the iame manrter as with 6'brtgago~ w~thout in any way vitisting or dixharging ihe Mortgagori liability herr
_.der p upon the debt hereby sec~red. No sa!e oF the Fremises hereby nwrtgaged ar.d no forbearance on Ihe part of the MORTGAGEE or itf succrosors
c~ ass~gns and no exrn,sion of tFw t~me for thr payment of the debt hereby secured given by the MORTGAGEE or its fuccessws a- auigns, shsll operote
ro release, discharfle, modify change w aftect the origmal liao:i~ty of t?x MORTGAGe7R herein, •ither in whole w.in put.
i0. It is speuficatly aqreed that time ~s of the eueace of this contract and thst oo w~iver of arry ob~igation hereunda w of the obligation se- ~
cu-zd Iwreby shali at e~y time thereaffer be held to be a waiver of the terms hereof or of the instrumeM setured herby.
Il. In add!r.en fo ehe forego~~~9 Tonthfy paymrnts of prinCpa! and interest rcqu~red by the prom~ssory note secured hereby, morigagor covenants ~
-,d agrces to pay to mortgagoe v~~ih each mon+h!y payr:~ent an ad:l;nonal su:n'tstl~.ated by mo~tgagee to be equal to 1 j 12 of the annual tost of the follow- i
t
(
A-A:I real prope.ty taxes lev~ed or assessed against the above described rea! tstate. ~
B-Fr:n~iu~ns on fire and windstorin ~nsurarce as here~n +eq~;red Io be carried o~ the improvements situate on ihe above desuibed premises.
C-Prem~ums on such mortgage gua~anty ~eswa~.ce as mor~gagee shall from t'me to s~me deem fit to carry on the loae ucured hereby.
~ Mortgagee shail from !~~~~e to time notify mortgagor in wret~ng of the amount due and payable hereunder and such sum shal~ therevpon be due and ~
~ ,~b'e on the due oate of ~he nN,et mor,th!y paymem and eac~ sxcessive month thereafter ur.tii mwtgagee shall ~otify mortgagw of a change in uxh ;
~ c,.our.t. Such wms stia:t ~e appiied by n:orrgag^e so,+va•d the payment of real property taxes, insurance prem.ums, and mortgage guaranty insurance i
~mS• :
~ e~ilN WITNESS NER~Of~ the said N1.7RTGAGOR has hereunto set his hand and seai the day and year fint siwesaid. r :
~ el and detiver in the eaence of:
-'r ~i l ~ '
~ - , _ uss oo e •
~ - zis . oou ie csNq
tsesp
- - - ~
~ OF fLORIDA ~
S5.
_ ;u~~rY oF St . Lucie i
Russell Blaomfield s~
Before me personatly appeared '
j=ig F~ gjpprpflel(j his wife, to me well known and known to me to be
_~nci;viduals described in and who exewted the foregoing instrument, and acknawledged before me that they executed the same fw the purposes
r~~re:n expressed. And the uid T Z15 F. Bloo~field }
of ti+e said ~s8e11 g1009f1@id vpon e separate snd prrvat~ ~
nation by me taien separate and apart from her said husbarrl, scknowledged to and befo~e me that she executed said instrumeM freely and voluo-
~ ,-:~y and without any computsion, cor,straint, apprehe~s:on, or fear of w from her said husband.
~ WiTNE55 my hand and offic~al seal th~s_-_-__1_~_ day of AuQUSt A. D. 19 74
~ ~J
Notary Public in end fw the S of Fbrida at l~rpe
My Comm~siwn expires: i p, ~ G 7(~
~
Return 10:
~ First Federal Savings d~ loan Assxiat;on _
O( Fort P~erce. FILE7 ~'%GtD~D . - ,
.~Z°~ Fort Picrte. F{orida ST.l~1v `°iu:M~~su' ~ i•::1~fiy~~,~+' .
p~.~,
~ ci~~~ c~uai ~ LJ' -~b''•,
fC~F ~ . y. -
a .'!fr•rtEO . i' ~1.
~ . ~ .
This Instrument Prepared By Robert A. ~i8hez, Jz. _~l~•~.. %
tii~ l~ ~ 3b .o ' '
~ =
First Federal Savings 8 Loan Association _ f : . - ~ • =
~ of Fort Pierce , Florida 33450 ; . ; ~ = ~
~ - 28958~ ::;t;.
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Checked BY ` ; , •
!
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