HomeMy WebLinkAbout2955 3. To pkc~ •nd con~inuov~ly keap on the bu~id~n9z now w hereaittr ~ituat~ on s.~id I~nd and on ~II equ?pnent and pcrwM~~Y cove?~d bY thii mwtQ-
sge, wilh d) premivm~ therea+ pa~d in full, fite ~nsu~a~ce +n Ih~ usuai startda~d pv~~tll fwm, i~ ~ tum epprorad by IM MORIGAGEE, and wincFstam ' 'v
~ns~r~nc~ in ~M usual ~tandard pol~cy lam, in a~um approved by ~F~e N10R1GAGEE, in ~uch con+p+~Y a tw^W^'~ ~s ~RTGAGEE may
d~reut ~nd ali iue ~nd w~r+dswrm iruura~ce polKiei a+ any of •a;d bu~id~~+ps. any in~er~st the~ein w pa?t thereol, i~ IM aflqreyst~ swn afor~said ot
in exceu Ihereof, ~hell conrai~ ~hs vsuel standa~d mwlgeq~e dause a sucF~ o~Mr d+ufe ~s ~M Mat9apw m~y rpu~r~, makirq tM toss unde~ sa~d poli~
ues, each and every, payabla ro sa~d MORiGAGEE as ~ts interas? m~y appear, a~d each and every such po~icy thall be promp~~y au pned and de~~vered ~o
any held by ~aid MORiGAGEE u(ur?her security to ~aid mortgaye debt, and, not leu than ten (10) d~ys in adianc~ of the expiration of a+ch policy, to d~-
I;ver to taid MORiGAGEE a renewal fhereof, toge~ho~ wilh a rcce~pt fo~ the prtl~ni~m of such renewal; ~nd thert shall be no fi~e o? windtto~m insu~~~t~
placed on ~ny of ia~d build~rps, any inte~est there~n a part thaeof, untrs~ in ~he torm end w~th ~M I~s payabte as ator~iaid: and in 1Fw •veot any sum ~
ct moMy becomet pay+ble unde~ avch poticy a polici~t ae;d MORTGAGEE ~Iwll Mv~ the option Io reteiw and ipply ~he fx+» o~ +cc~+nl of tht indebted~
neas secu~ed hereby o~ to permit sa~d MORTGAGORS ro reteive and ute it ot any parl ~he~eol tor o~nc~r p~rposes, wanout th>reu/ wawi~*~ Jt ~mPdu'
~ng any equ~ty, lim a righ~ unde~ or by virwe of thii mortgaye; and in the evem sa~d MORTGAGORS sha~l fa any reason fail to keep the ss~d prsmisr~s w
~ns~~red, or fsil ro de~~ver pranptly any ol said pol~cies of iniurance to sa~d 1~10RiGAGCE, w fail promptly Io pay hd~y +nY p~s~+~um theretp o~ in u~y a
:espetl (ail to psrfwm, d~scharge, execute. efFed, comp!ete, comply wi~h ~nd •b+de by this covenanl. a+ny pa~t hereof, said MORTGAGEE may p~+te and .
pay for such inaurance or ~ny part thereof wirhoul waiv~n~ or affeuinp any optiw~. ~ien, equ~ty, or ~ight under a by virtue of thit Mwtgaye, and the
t„il amount of each and e.ery wch payment ~hail be immed~etety due and payable end ahall b~ear interes~ trom Na d~t~ thereof until paid st the ~ate ol
•v;~e per cenrum pe~ annum aeid to~r~hrr with such intareat sha~+ be secured by the lien of this mortgaqe. ~
1. To pamit, commit a suf(er ~o was~e, impairment a d+:re~iorat~on of :aid prope~ty o?.~ny p+~1 ~hcreof• - ~
5. To pay al1 a~d singulsr rhe cosh, charges u+d expe~ses, including + reasonable attorney's fee ~nd cos+e of sbst?acts of titls, incvrrtd w p+~~i +t
,~r time by said MOR1GAGfE, because or in the event of tlro fa~lure on the part of ~he said MORTGAGOR 1o du~y, pro~+pNy and fully perfam, diuharge. ~
~.ecure, etiect, complNe, camply with a~d ab:de by each and every the ~tip~iat~ons, agreements, cond~tions, and covenants of said prom±ssory note aod this
~,~~tgage any u e~~hH, and sa+d costs, ciwrges and expenses, each and every, shall be immed~ately due and p+YSble; whNFur o? not there bs notite da t
n:jnd, attempt to co11M w suit pend~ng; and the full emounl of each and every such payment sha11 bear iNereal irom the date fhereof umil p~~d.~~ ~h~
o~ nlne per centum per onnu:n; anc: ai: said cosn, charges and expensrs incv~red w paid, tagether w~th suth imerest, shall be setured by the lien of the~
m~rfgag0. *
6, That (a) in the event of any breach of lhia 1llortgage or defaulf on tlr part of the MORTGAGOR, w(b) in 11x event sny of said sums of money ~
here~n referrad ro be not prompf~y and fully paid w;th~n thi.ty (301 days ne~t atter the same se~eratly betome due and payable. without demand o? r+otice,
cr ,c) in the eveM each and every the shpu~ations, a9reemeNS. condi~ions and covenaNS of sa~d promissory note and thit mwt9s9e any or either are not
:~:y, pr6mptly and fully perfu:med, d xM~arged, exrc~r_-d, effected, canp:e~ed, con:pt~ed w~~h and aboded by, ~hen in e~ther or a~y such event the taid ag
~re3a!e wm rtx~tioned in said prom~swry ~ote then ren~a~ning unpaid, w~th iroerest accrued, and all moneys xcured hereby, shall become dw s~d psy~
ao forthwith, or thereafter, at the opnon cf sa+d MORiGAGEE, as iuliy and comp'.eteiy as if all of Ihe said wms of money we~e onginally stiputated
•n be pa:d on such day, anything in sa.d prom~ssay note or io this htortga~e to ~he convary notw~thsfanding; and thereupon w thereafte~ at the op~~o~ of
d MORTGAGEE, wnhout nor.ce or derr~and, s~it at law a in eqwty, ~he~efore a the~eafter begun, may be prosecuted a~ if ~If moneYs setvred hereby
n_d r»aTU?!(~ pnof t0 i1s inStituLOn.
7. That in the eveni that at the beginn~ng oF or at any tu+x pe~+d~ng any su~t upon this Mortgage, or ro fweclose ie, or to ~etoren it, o~ fo enforce
.~,c:~+ of any cla~ms iiereurdcr, sald MORTG:.GcE sha'I apply to the Cour~ ha~~ng junsdiction ~hereof iw the appo~ntment of a Receivsr, wch Cou.~ shall ,
r~.vith appoint a receiver of sa~d mortyaged prepcrty all and s~~ig~:ar, inc:vd ny ai~ .;nd singuta~ the intome, proiits, iuues and revenues from whateve? i
c;•,e derrved, e~cn ar.d every of wh:cF~, it Lti~ny erpress~y unde:secad, is F.ereby rror!gagcd as if speciKcally set iwth and destribed in the g~anting and ~
t~i.endum daoses hereof, and such Recen•er shail ha~r a~t the broad and effecnve f~nct~ons and powen in anywise entrusted by a Cou?t fo s Receiver, and ~
__;h appoin~ment shal~ be made by such Ccurt as an admitted equ~ty artd a matte~ of absolute right to said MORTGAGEE, a+d withoul reference 1o the
rdea:~acy or inadeq~acy ~f the va~ue of the prepr•ty mortgaged or to the so+vency. or ~nsoivency of said MORiGAGOR or the defendants, and thal such ;
•s, profits, i~come, issues and revenues shaH be applied oy such Recc~ver accord„~g ~o the lien or equity o( said MORiGAGEE and the p?adite of sucA f
~
:~c~rt.
8. To duty, piorr.FT~'! and i~~~Y P~rferm, diuharge, execute, efEect, complete, comp~y with •nd abide by each and every the stipulatior+s, agreements, ~
, ~~-d~r~ons and covenants ~n sa~d promissory rto:e and ohis mortga9e set fa?h. ~
9. That in the event the ow~ership o~ ths r~o~tgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
:^RTGAGEE, ifs successo.s and ass~gns, may, w~:hout notice to the AtiORTGAOR, deal with such successa or successw in interest with rcference to this
~•;gage and the oebl hereDy secured in the same r,~anner as w~th /Ao~tgagar without in any way vitiatinp w distha~ging the Mo+tgagori liability herr
~_r or upon the dsbt hereb,r sece,red. Ne sa~e of ti~ pren:ises hereby mw~gaged and no forbearance on the part ol the MORiGAGEE w its suctessors
.~s;~gns and no eatens~on of the t;me fo? the paymen! of ihe debt hereby secured given by the MORTGAGEE or ls suctessors or auigns, shall operate
re!ease, d,scharge, modify char,ge or affect the orig~nal liab+~•ty of the MQRlGAGOR herein, either in whole or in pa~t.
10. 1t is sp=c~ticai~y agreed thar !~me is of the ess+:~ce of this contract and that no waiver of any obligation hereunder a of the obligation fr
_:--~d h.~reby shall a~ any time thereafier be held to be a wa~wer of the terms he~eof ot of the insttumeM setured herby.
1t. In addn~c~ to the faregc"~~g month'y paym_r,:s of p.~~c'pat and interest reqv~red by the prom~ssory no!e secured hereby, mortgsgor tovenants
d agrees to ~y ~o mor!g:gee v.~rh eacn mor.th'y payr-eni an addrional sum,est~mared b~ rtwrtgagee to be equal to 1/12 of the annual cost of the follow-
A-A11 real property taxes :evee~' or assesseJ aga~~ut the a~ove desvibed real estate. '
B-Prenr~~s on fire arxi .v~r.dsscr.r~ mw~a^ce as here~n rc•q~:red to be carried e~~ the ]m~roveme~ts situate on the above destribed premises. ~
C-Prerni•~rr.s on such mor!g:ge guar~nty ir.s~rar.:e zs mortyagee shaN from time to time deem fit to carry on the toan secured hereby.
~
~ M.wtgager sha!~ j~cm ri:,:e to :Ime ~aif~ mortyagor in wr;ring of the arr.o~ns due a~ payabte hereundrr and auch sum shall thereupon be due and
~ .~b'e on thc dve cia!e ci the next month'y paymcnt and each success~ve month thereafter ur.tii morlgagee shall nmify mort4agor of a change in such
~ ~,nt.. Such wms sha:i be applied Cy morrga~ee toha:d ~he payment of real property taxes, insurarxe prem:ums, and mortgage guaranty insurante
~ ~ • :~n:s.
~ IN WITDJESS 'NHEREQF, tn sai MORTGAGCR has hereunto set hes hand and seal the day an~d/~ear first aforesaid.
~ S;yned, a ~ e i ce oi: 7/. O
/G a~l.tiC~ (c.aq
a~
~t)
~ ~q 4
. ewa r ~s~~n
~ ".~TF OF fLORIDA 1
St. Lucie } ~ Y
. ..;r~rY oF ~
Paul Stewa rt s~
Before me penonal~y appearcd _
Rtlt}f D. St~alt his wife, to me well known and known to me to be
;~divid~als deur~bed in and who executed tfie fwegoing instrurtunt, and ackrwwledged befwe me that ti?ey executed the same for fhe purpose~
r-e•e~n expressed. And the sa~d Ruth D. $t~alt ~
r.''e of the said H. Paul Ste+nart - ~Po,~ • separ~ta snd pirvate
~•,-^'nat~cn by me taken separate and apart from her said husband, acknosviedged to and before me that she exetuted said instrume~t frsely and volurr
- _:ry and withart any compuis~on, constraint, apprehe~sion,_pr fear of w 6om ker said Fwsband.
At Au st
WITNE55 my hand and offic~at sea! th:s___~9~ day of ` p- 19 74
. ~u.
;`i Notary Pu in and for the at6~~~
~ My C.om ion eapires: ~r~~b~ / 9~7~:J
Retum To: • • r :
: ' •
~ ~ .
F~rst Federal Savings 3 loan Assxiaf;on J~ t
~ = ~ • _ • . ~ir ~ ~ •
Of Fort P,e~ce. , • • t
~s ~ ~ „
Fwt Pierce. Fle~ida ~{LEU A4 ; ~t~~tjl~1~~~ ~ ~ • 3, ~ ' -
F - '
sT.WZ~i L'~7JN7Y L : c-
~ " R~~ ~t- •~'AAS ~ ,:/Jtf .......••~.~f:•'
CIE:. ,tli CCURT , f~ ~ _
P y Richa rd K. Kayes ~v r. _.rc: c ~ . .
This Instrument Pre ared B
First Federal Savings 8~ loan Association .
~ of Fort Pierce ,~loricla 33450 a~('j l~ y 36
~ Checked By ~ I~rv.7aX75
~ soQK230 Pa~E295 ~ - ,
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