HomeMy WebLinkAbout1437 3. To pl~ ~nd coneinuously keep on i}+e bui'd~~sgi ~~o+v on c~reatter s~wa~~ on sa~d ia~~d and on a11 equip~~ and paeanally ~ov~+ed by ~hii mon~
a9e. w~th all prem~vms the~eon pa~d in fv11, f~~.e .nsu~.~•ce ,n ihs usual s~s~~rd po'icy t:~+m. in a surn a~xwtd oy IF+~ MORIGAG~E. and wi~twm . j
~~su~ante ~n ~M uswl itand~rd pa~ty fwm, in a a~m ap~xo.ad ~y tM A10RTGAGEE, i~ s~ch con+pany or con~pan:K as ~F~e N?ORiGAGEE may
d~rcc~; ~nd all li~e and windsarm insvra++ce poticirs o~ a}?y e{ sa~d bwld~.gs. any intere?1 ~herein w Fart the~wi, in 1he aggraga~~ wa? afptsaid w i
in eateu thercvf, a~wU cadsin tM usval standa~d mwy~gea clausa oa sucA o~he~ dauss u Ih~ lNorlyagee m~Y reqvu~, ma?inp th~ loss u~de+ ss~d polt +
Grs, each and erery, parable io said A\JRTGAGEE as .ts ~mr~est may spp~w, a~d ~ach m~d e~e~y such w!~q ~l~aU be promptlY ~ss g~~ed and de~~vercd ~o
eny hetd by iaid MORIGAGEE as (urther srcurity ~o u~d :»or~9age drot, and, no~ :cu ~?wn ttn (t0) ~+ys in adva~u~ of ?he expirano~+ of each pol~q, ro dr
l~~e~ ~o said MORTGAGEE a ra~ewal tnc~eof, toge+her wirh a rcce~p~ fot Ihe p~rmium oi such reneti+al; s~+d tlx~e sMll bs no fir~ w wi~~dstwm u:suranc~
p!accd on ~ay of said bu~id7nqs, any in~erest the+e~r, w part then.wi, ~~i~ss in ihe (w~n a~.d w~th the lou payabie a~ aiaesaid: and in the erent any tum
c1 mon~y becanes paYa6le unde+ such poticy w p~l~cics teid MORTGAGEE aFwll Mve ~ho optw~ ~o recoiw aid appty the skne o~ accouM o( th~ ind~bted +
nraa aecwed ha?aby a ro permit sa~d MORiGAGORS ro recerve a~:d use i~ o? any parr ~he:.vf Iw o~n~•r pur}~oscs, .v~~hout th:reio/ waiv~~y or ~mpa.r•
~ng any epu~ty, lien or r~ght undr~ o~ by iirtue of ~h~s ~na~qage; and ~n ~he event sa~d MO~iiGAG025 shall fa any reason fa~l to kerp the sa~d p~em~sai so
i~sur~, pr ~all to dtlivet pranp~ly sny of uid po}~cies ol infu~a~:ce tP said MORIGAGEE, or tai! promptlY to pay fuliy any pre~n~i~m thcrefq o~ in a++Y ~
respect iait b per(wm, o~scharge, eaecute, ef(ecf, comp!ere. to+T:p1y w~Ih and ab~de by ih~s covenant, or any part hereof, sa~d MORTGAGEE may p~+ce a~~d
pay (w such insu~ancr w+ry psrt thrreof w~+hout wa~ving a affr~~ing a~y optlon, iien, eyu~ty, or righ~ uod~? a by virtw o( this M«igage, and the
i;,!; amount of each a~d eve~y such paymem sAali br ~mincv`lietely dua and payab:e and shotl brar i~tarest trom tFa da~e thereo! umi! p~id at th~ rata ot
,e prr cen~um per ann~:n a~ui ~o~riner nh s~:h mterest yF;,;f or s~ currd by the l+e~ of th~s mortgage.
1. To permit, commil w sutitr no waste, impiirment p d~trr:oratiai of said properry or any patt lhereaf.
5. To pay alt aod s+ngula~ the costs, c~irges a~ i cxpensr:, includ~~9 a reasonable attorney's fee and ws~s of abstrscts of title, encvrred a paid st
anr t;me by sa~d MCRTGAG.E, 6eca~x w i~ ~?~e e~ent of the fa:iure on the oa~t of ~h: sa:d MOR?GAGGR to duiy, prorr:pHy ~nd futly pe~form, dixhargs.
,ecute, eft2ct, canpiera, co:npty w~th aod ab.de by ee:h and every ~hr sriputat~onf, agree~sirnts~ condi:ions, and cove~unn os s~id p~omissory eote +nd ~hu
~,~_r;gage :ny or e~~her, and s.+:d co:tf, cMrgea and ex~nses, each and eve:y, sha11 be immrd~etely due and payable; whether w not there be rwtice d~
~-~-~d: a~temp~ ~o collect w auit pe+~d~ng; and the futl amaunt of each ar+d every such paymeM shall bear i~teresl fram tM date N~ereof uMif p+id ~t N+e
n.ne pe~ ttntwe~ F~.:t an~w:n; ond aii said cvs`s. u~a:ges .+~~d ax,:anses ~nturred et pa~d, together ~v~lh such intaasf, shall be 3KUred by ~FK lien Of th~s f
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~r.c~tgage. - ~
a. Thal /e~ in the evenl of any breach of thia Nlwtg~e or defa~lt on thr µ+.t of the MORTGAGOR, or (b) in the event any of said s~ms of nwney ?
hare~n ~efe~red to be not promptty and Fully pa:d .viti~~n ~lnrty i33) days next aiter the same severaily become d:x aod payable, witMwW dem~nd w notice. i
(c) in tht event each and avery the stip~tatic~~s, agrrerne~~s. cor~d~~io~+s a~d covena~ts of sa:d p~om~ssory rtote and~th+f mortgage any p eDher a?e nol
i.::,, prpmp~iy at~d Fu~ty per(or~nrd, d,schrged. rxecvtcd, effected. comp~eted, co:np.~ed w~fh and a6~de~ `ay, Ihen in eithet a any such eveM the said ag
~atr :um mention,d in sa~d p~om~asory note then rema~ni:ig ~~Faid, w~th interett acuued, and all moneys seturf~ kereby, sha~l becoex due and p+y-
fo: thwith, o? tFwreaf~,,Y, at the opr~on oi s.:.d A:ORTGAG~E, as fcliy a~d compEe~ely as if alt oi the sa~d s~+ms of money were a~g~nally st~pulated
rz i>~• pa~d on svch d.:y, anyth~ng ~n sa.d pran~sswy ~ote a: in tnis btarfgagr to ~he co~rrary notwi~hst~nding; and therevpon or thereaftev at the op~~on of . +
,?!:ORTGAGEE, w~~hout oo~~ce w dtmand, sult at law or in equ~ty, thereiwe or ther~aifer bagun, may be ~osetuted as if all moneys setured hereby •
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r. ,:i ~~atored pnot fo Ai institution.
7. That in !!u event ~hat at tn~ bey~nn:ng ci or at any t~~ne pendi~:g any s~~i uwn t1~is Mortgage. w to fortclo~ ii, or to refwm it, o? to enfwte ~
••~ero of any ci~~ms hereundrr, s~io 11RORTGA.i~E sha~! ep;.fy to tne Cou~t l~av~ng i~: ~sd,ct~on ~lnceof f~r the appantrt~ent of a Receivet, suth Cov?1 sh~~l i
~-.,run ap,.u~nt a~e:e~Ye~ oi s.~~d ma:lgag_-d pro; •~ty at~ and s~•:g~~a., i~dud rig a~~ a~.d s~ngu+ar the ert~ome. {uofits, iuues u~d revenues from whatever
s ~e d.:r,vrd. each a~~d every of wi~::h, a e.t~t:g e.press:y undcrsiood, is her~by mcrig~g~d as if spec,fitally set fwth snd destribed in Ihe granting and _
.~'•~dum t:auses F.errof, and s„ch Rece:.er shall ha+e aiI the b•oad a~d r+fect,ve fur.cs ons and powera io anywiu e+~uusted by • Court to a Reteiver, and
:~:r appoi~rrr.aro sha~~ be made by such Ccvr. as an a~Mi~tc~ equ~ty and a matter of absotWe ri9ht to said MORTGAGEE,_ ~nd without reference to the
+::e.~uar~ M ~nanrqvacy ai the vaiue of the preperty morigaged or ta the so~~rn:y or ,usc:~.rncy oi said MORTGAGOR or the defendants, ant! that such
-•,as, pc lits, incorne, iuu~s and re.eaues shall be apptied by such Reteive~ accord~ng to ti~e lien or eqvity of said MORTGAGEE and the practice of svch
Court.
R_ To du'.y, prar+pHy and fuIly perform, d~scharge, exrcute, e~fecl, co:~,le~e, coc,pty with and abide by each and every the stipulations, agreemtnts,
co^d:tiois and cavenanra ~n sa~d pa~~isswy ~ote a~w~ :his morrga~e set f«th. '
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9. TF.at in the event the ov.nership of the ri:.rtgaged prem~ses. o? any part tnereo(; ~ecomes vested in a person other tha~ the 1NORTGAGOR, the
~RT;AGEE, +TS successors and ass~yns, ~r:ay, wirYn~ut no~~ce to the •VS7RTGAOR. deal wnh such wccefsor or wccessor in interest with reftrence ~o this
o•+gage and the d>b~ hereby secured in the s~me menner as wiL~ l.lurtgag0~ w~thout in any way vihating or d~xhargi~g the 1Nortgagoa' liabiliq har
,~_~r or upon the debt hereby secur,.d. No sa!e oi rhe F.rmises herebr ~~o~~gaged and ~w forbeara~ce oa the pan oi the IAORTGAGEE d its tutcessors
a~ ~s;~gns and no extension ot the time f~x she paymem oi tne deb+ F.ereby secureJ g~+en by the fAORiGAGEE or its svctessors a au~gns, siuil operats
ro re~ease, d~scharge, m~d.fy char.ge or aifect the o~~gasai t:aur.:ty oi ~he N,QRiGAGOR kerrin, eifher i~ whole or in part.
10. Ir ;s SPfL~fiC]:F/ agreed ~hat t~me ~s of the esse~ce uf ~h~s coneracr and that ao waivn of any obl~garion herevnder or of the obl'gstion so-
a:•ed F+ere6y sha:i at any time thereaf~er be held to br a waiver of the !erm; herecf or of the instrument secured herby.
11. In .-,dd.T:c~ ro me foregc ~:g •>~ontF.'y ~ay~r_nes of p~~:~c pn7 and inrerrst requ:red by the pr~n:uory note secured heiaby, mortgagor tovena~ts
_ d 3g•ees ro ~,ay ro mc-tgaaee vcith eath mo~~+hfy payrne~t an add:conal sum es~.mared by mo~tgagee to be eq~ai to 1/12 oi the annua) cost of tF?e fol{ow-
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A-A!1 reei properri taxes lev~=d or sssessec! ega~sst ~h~ al~ve drscnh~d :cvl estate. ~
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6-F+_>c::::-:s en fi.e and windst,rm ~nw~acce as he~rin reqo:r~d to be carried on IF~ improveme~ts s~wale on the above dsscribed premises. ~
C-P+e•~;v•=s o:~ s~ch rr~~rrgage gua~anrt ir.sura~.ce as mortgagee S713i} SlD.T. i~me to tune deem (it to urry on the ban secured hereby.
ti!or!gagee sh,'i ~•o.n t~~r.e to t~~:e ~n•~iy mer~yaqcr in w.:t:ng of the a~r.~unt duz and payable hereunder and such sum shall thereupon be due and
C -_~'e on ~hr c!~~• oa!e of rns next ~no~s^:y payment and each svccessive rr•a~th thereait~r until mortgagee shall notify mortgagw of a change in such
~ ,•~t. Such sums s~a;i be anp?~ed b•~ mortga3ee ror.a:d :he paymen* of real propert~ taxes, insurance prem.ums, and mortyage guaranty insv~ance
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1!V \YIiP~ESS VJHERcOF, the sa~d ~:.ORTGAGOR has hereunto xt his hand and seal the day and year fint sfwessid.
'gned. Sealed and delivered in the p~'sence o.`: / ~ _ ,
- f,t,U~~'?1~
CRE ~ ~a r es It~ ~rl~~i- tc•a~
~04EA P0~ ~ _ a0
04 r .t
- CLEtIK CfRC{NT CO~~ a cs~0
- ~fr,cR~ v£f-,~tED n--n
:.:;F OF fLORIDA 3 ~i ~~'ia 29Q605
";'_;'dTY OF St . _LuC16 ~
Before me persona~iy appeared - _ C.tiarle5 H. De Christopher
~aith De Christopher his wife, so me well known and known to me to b~
i-dividuais described in and wF.o exec:.c~;i ~:a fxe~o~ng instrumeM, and acknowledged before me that ihey e:ecuted the same for the purposes
,-_•~:n expressed. And the said_- ~ c81th D@ Christopher
~e of the ~;d _ Charles HE D@ ChZ1SLOph@r vpon a scparate and pr'rvat~ `
n~tion Ey me taien separate and apart fra~++ her saed h~sband, acicnovvledged to eno before me that she executed said instrumenl freely and voiurt
~ ar,d w~thout any tompuisan, tonstraint, appr ~s~on, ot feat of w from her said husband.
:YITNESS my hard an~ official seal th~s__ day of_~ st A. D. 19~74
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fvotary Pvbl~c in ar+d for th- State Florida a ~pe
My Commission enpires:
Rerurn to: . .,V"~'r%.
:`r" ,
' ~ ~ ~'y ^ /`~a
~:rst Federal Savings a loa~ Assoc;at,on _
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Of Fort P;erce. . ~L .
Fort Pierte, Florida y ~ ' %
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y ~ = _ 1~?Q' c ~ : ~ i
Robert A. Stirisher, Jr. ~ ~ ~ ~ .y~ ~
This Instrument Prepared By ; ` : ~~a?
First Federal Savings 8 Loan Associar;on • t
of Fort Pierce Florida 33450 '~~''~~~'P;TAiE•0`~~
~,~~~~f / IN N H t ~w ~al .
Checked By ~
5~~~23~. P~~i436 - . ~ ~ ~ ~Sa
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