HomeMy WebLinkAbout0092 3. To p!ace a~+d conrinvously keep on ~he bu~~d;ngs now w hrreafter ~~tua~e on ~a~d land u+d on all tquipneM ~nd persa+ally covered by thif mwt~
~ge, w~~h ail pramiums thercon pa:d in (ull, t~re insvrance in ~hs uswl i~andard po~icy lorm, in a ~um appruved by the MOR~GAGEE, and wind~lwm
~nsuraoc• in fhe ususl ~~dndard pol~cy fwm, ~n + aum appro.ed by ~h~ MJQIGAGEE, in wch company o~ comP+n~et +s the MORTGAGEE may
d~rnct; and all lirs and w~ndsrorm iniurante poik~es o++ any of sa~d b~itd~ngs, a~y infere~t the+ein or part thereoi, in the agg~eya~~ sum ato~rsaid w
in eaceu thereof, shall con~aio ~he vaual standard moi~g•+gee c~ausr or euch o~her c:ause as th~ Mortgagee m+y .equ~re, makup the bst under sa~d poli~
cies, each and overy, payab:a to said MJRTGAGEE as ~ts intar.•st mey appea~, and ea.h e~~d every such ~!~cy sheU be promptly ass gned and detivered b ,
any held by said MORTGAGEE as fw~her security to said mortgagb d~bt, a~~d, no~ tess tF~en ten (10) days in advence of tne expirat~on ol each policy, to d~-
I~ver to said MORTGAGEE a ~enewaf thereof, ~oqe~her w~~h a rece~pt (o~ The p~r~~~wm of such re~~ewal: •~d ~her• sh~ll be no I~re or windsiorm insu~ance
plac~d on a~y of sa~d buildings, any interes~ ~hero~n o~ part Ihareo~, un:ees in ~hr ton., and w~th tt~e Ioss payable as aforeaaid; and in the e~en~ any sum
of mon~y beco~+es payab~e unde. such paiicy w poGues sa~d MORIGAGEE sheU have ihe opr~on to receive and apply the same on account o( the indebred-
ness secured hereby,or ~o pernut said MORTGAGOR$ to ~ecrlve and use i~ w ony F:~rt u~_•~~~of Ior o~~~~r purEcsrs, vn}ho~t ~h=<<ur .vai~:n~ or ~mpd~r-
ing sny equ~ty. Gen w r~ght under w by virtue of ~his mor:gage; and in the even? ia:d .NORTGAGORS shall fo~ sny reaia+ fail to keep ~he sa~d prem3ses w
insured, a feil to deliver prompily any o( said pol,ties of in~ura~xe ~o sa~d 1llORIGAGEE, o~ fa~l promptly to pay fu~ly any prem~um therefor or in a~y -r
respect fail to perform, d~scharge, execute, effecl, canplrtr, compty wi~h and nb+de by th~s covenant, u any part hereof, said MGRTGAGEE may place a~*d
pay fw such insurence or any part the~eof w~~hou~ waiving w aflect~np any opn~n, ~~en, equ~ty, or rigM uncle~ or bt virtue of ih7~ Mwtgage, and the
f~ll amount of each and evlry SuCh p~yment shall be ~mmediately due ar.d pa~~ab:c and shall b.:ar interest lrom tha date thercof until paid at Ihe rate ol
•~~ne per cenwm pe~ annum and to~•_iher wr.h s~ch fnaa~es+ shab tx sacurc•d e~y th~ Gen of th~s mortgage.
To permit, commi~ w aufier no waste, impa~rmrnt or dtla~~ora~ion o( sa:d property w any parl thereof.
S. To pay all and singuiar the costs, cha~9es and expenses, includ~ng a rrasonabl~ atiwney's fee and cofrs of abstracts of title, incurred w paid ~t
any time by uid MGRTGAGfE, because or in the evef~t of the fa.!ure u~. the pan of ti,e said MORTGAGOR fo d~ly, p~omprty ar.d (utly perform, d~scharge.
execute, eifect, comptete, comply w~th and ab de by each and every ~he stipu!at~ons, agr.~inents, cond~tlons, and coveoents of sa~d pro~nisso?y note and ~hi~
n:ertgage a~y or e~~he~, and sa~d cos~s, cha~9es and expenses, each and ever•~, sha:l i,r ~mmed~atrly due and payable; whether p not there be no~ice d~
mand, attempt ?o coitect or suit pend~ng; and rhe full amount of each and every s~~ch ~dy~11Cfl~ abali bear interest from the date thereof umil paid at the
r.~rr of n.ne per centum pa~ ann~rn; anc; aii sa:J coits. cnargra and cx~~•~~s~•s ~aK~:rrd or H~id, toyether ~v~th suth intereet. ~hall be secured by the lien of thif
mortgage '
b. That (a) in the event af any breach o( th~s Mortgage or def~~tt on th~ pa+t ef !he htORTGAGOR, or (b) +n the event ~ny of sald sums of money
herein reizrred ro be not prompety and fully paid w++h~n thury (3G) days next at~e: she sa:nr se.•e.a::y become due and payable, without demand w notice,
er in the event each and eve~y the Sf1~u~d11Gl13, 3'jtCCrtll~lt5, CO~(~~r~ons and ~ove~anfs oi sa.d p~omisso~y note and th~s matgage any w either ars no1
/uiy, promptly and iully .nerformed, dscha~gcd, eaet~trd, eifecr~d. co~np:eted. co~. F. •ed v.,th a~ed ab~detl yy, Ihen in e~ther or any such event the said ag-
gregate sum mero~oned in iaid promissory note then remain;n3 ur,r:a~d, w~th ~ntere[t sc:ved, and au moneys secured hereby, shal! betome due and p~y
ab'.e for~hwith, or fhereafte~, at the oprion o~ se~d 1.~OR(GA(;Ef, as fu~ry and co~n~~r!~'v as il aIt of ~he said sums of money were wg~nally stipulatcd
to he ~~d on such d:.y, anything in sa,d pro~n:ssory note er in this /So:tgay+~ tc ~h_ co~~'rary notN~rhstanding; and Ihetevpon or thereafter at the option of -
sa~d MORTGAGEE, without r.once or de~nar.d, wit at iaw or in equny, there~o~e or t; <«~i~cr begon, may be proututed as if sll mon~ys tetured hereby
n-d malured pt~Or 1C its institution.
7. lhat :n rhe event that at th< be^g~n~:•:g c' or at any t~me pend~~ g any eu:t up.-.~~ t~~~s Mo~tgage, w to foreclou it, w.lo reform if, w fo enforce
t.ivn:ent of any ca:~r.s he~eun~cr. said l.:J~TJHG:~ S~.d~I a~~,IY to the C~.:rr :~,,,,,..y „•i c~;un thereot (or the appointment of a Receiver, such Cour1 shall
~.;•~+~.vrth appe~nr a ~ece~~ r~ cf g:;~d r.mortga jcd ~~r o'~d s~~;~:~•, ~.'~~ud ^y s°';~~~r ~he ir.come, profds, issues and revenues from whatever
s-~; cr drrwed. eaci: ai:d e•:ery of whch, :»~+:g •:~r:c.s=_~y ..+1~['S!vG~, d ht•.;., ~c.!_n;}ed as if spec~f~tatly xt forth and dexribed in the granting and
::endum clavses F.ereof, and such Recervo; sh~!i fi3:•_ ai! i!~r i,~~ad a~+d cff~c~:v.• +v c~s ~nJ pcwers in anyw~;e entrusted ay a Covrt to a Receiver, and
,,'ch appoinfinenr shail be m.ade by such Ca.~rt as an a± nated rq~ity and a r a•~.~• cf a'~w::~fe ~~ght to said MORiGAGEE, and withcut reierence to the
a~~<~a~acy or inadequacy oi the vaiue of ~he preFrny marrgayed or to :t:r so.venci or :nsoi.ency o( said MORIGAGOR p tF.e defendants, a~d that sueh
,fs, prof~ts, incxne, issves and revenues shaii be app~~ed by sucn Rocri~e. accore.~,g ~he ~ien or equity of said MORiGAGEE and the ~actice of such
Court_
8. To du:y, prompr!y and fully ~eriorm, d~scF~-gz, exrcu!e, efEe:t, con:piete, co: ~p:y w~th and sbide by each and every the stipulations, sgreements,
c:,d:tions ar~d covena~ts ~n sa~d promissory notc and :h s mcrtgage set fo~th
9. That in the event the ownersh~p of tne mortgaged pre^.++sas, o~ a~:y part t~~e~eof, becomes vested in a person other than the MORTGAGOR, the
:'RTGAGFE, its successora and assigns, may, wi;h,~~t not~ce to fh~ .~',O~TG:~~R, deal ~..:h s~ch successw or successor in interest with reference to thif
-;3age ar.d ~h? denf hrreby secured in the same m3~~rer as w~~h r;,orrg,,go~ v.:tticut in ar,y way vinating or discharging the Mongagori liability here
. der o: upon ri~e deb' hereby secvrcd. No saie of the F-e:n~ses h~rcb} mu~tgaged and no forbrarancr en the pare of the MORiGAGEE w its suecessors
3u gns and no exfens~on oi she time io: tne, rsyment oi the de5~ hc.eby zec~rc•;! g~ven by tne 11lORTGAGEE or its succesews or auigns, atiall operate
:.e'ease, d:scharge, mod~fy change or arfect t^:e cr:g~~:a~ i1au.~:t~ ~f +ne ILCRTGAGUR here~n, either in whole or in part.
10. N is spec~fca~:y aoreed ~hat t~me ~s of tt:e esse~~.e of sF.n co;~rract and that no waive~ of any obligation hereunder w of the obligation sa
cvr.:d Fh:roby St1311 at any time therea4ter be ne~d to ae a w~aiver of the terms hereot or of the i~+strument secured herby.
11. In edd ~~o~ !o the forego ~r~ ~r.onat~ir E-a,~r-.,,rS of p•~nc p:,~ and ioter• s~ r?qu~red by the promtssory no!e secu+ed hereBy, mortgagar eovensnts
r~~d agrees ro pay to mortgagee Kith eaCh mcnth y r.a,r.•ent aud r:o~~a, sv n es~ -~a•ed br murtgagee to be equal to 1/ 12 oi the annvai tost of the follow-
A-A!I rea! prepe•ty taaas ie~ned or assess•_:i ega; .s' th~: 3cove des:~;%,ed rea! esrate.
B-Pr;;:,:~;,:n> on fFre and w~ndsfo'~ :nwr~: ce as ::ere;n .~~,,,red to c~ ca•r+•J a~ th~• ~m;.rovements situate on the above descr7bed premises.
C-Pre~~•:.,ms ort ;vch r.~o~tgage 9ua~a^.!y ir;~-ar.ce as mo•tgagee sh3;i fic:~ :^~.e to t~me deem fit to tarry on the loan setured hereby.
i
~ h5ortg;gee sha'ri fro~ ~~•r;c. to t~.r•e r.c•~`y n•c~~_=go+ :n wr;t,n3 0! tne a- o~~er de:e ar.d payable hereundrr and wch sum shal~ thereupon be due and
` ,:~ble on rhe cfue da~e oi th~ ~.c~t mo~th: n e~t a~d e.,c~ su:cessive ~~o~~h tnereafr~r until mortgagee shal~ notify mortgagor of a change in such
~ r F~~
^~nt. Svch wms sha!: be appl~ed 'by r.~ortg.,y•.e ror.ard tne pay~r.ent of real rroperty taaes, insurance prem.ums, and mortgage guaranty insurance
4 . e.,,~ums. ~ . .
~ IN 1'11TPJf55 ~tiH:REGf, tne said M,CRSG%+vC?R has hereu~to se! h~s har.~ and scal the day and year first aforesaid.
~ Signed, Sealed and delivered in the presente of:
- - ~p .p~,~l~1~M?• ~jh'~J ~ a4
~R
~
p{4~ a0
, - C1.£R~.~IR~{~ (Sea~
- REC4R0 YEFIf ~ Seap
~"ATE OF FLORIDA - ~ ~ ~ 291'762
St. Lucie ~ ~
. .J'J~VTY OF ~
Before me personal{y appeared ~heSter L. Burns, .~1 a sinale adult,
_ -i~irwiir, to me wefl known and known to me to be
~~~ndivid~a: described in and wno exec:~ted the foregomg ~nstrument, and acicnow~ed9ed before me that .he executed the same for the purposes
~~ere:n expressed. Aml-ti~s~iJ
J9. of-t1~s ssi~ - - - upoo ~.s~paut~ aac!-Qrirate
.~.am~at:w~6y-w~.ukew sepxat~ snd~pare-f~o~+ri+e~ ae+e!-4svsbend.-etkne,~ledged-to and-blfire~ne-tfia? sfie-e~.c~ztedzaid fiistrvmetfifreety-an~ ~vlun-
ij ~fi~ Ll~10Uf 1oy~GOm~lli~Oq .CGn~tidis:t~ ipQ'kry~Mh~1r K-fear eF er-feoRr-F.eraeid I~asban~
WITNE55 my hand and offiua! xal this_ d~y of ~~b r A. D. ~9 74
`5 .
- Notary Public in and for the S e of Flor" a at lsrge
~ My Comm~ssion expires:
~i Retum To: ~
~ ~irst Federal Savings 3 Loan Aswciat~on ~
~~3 Of'Eort P:=_rce. "
'f•
fort P~erce, Florlda ~
j_.,~V
~ ~ Yi~`'>
sf~~"
This Insirument Prepared By ppbert A. Swisher, ,?r. ,
~ First Federal Savings & Loan Association . `
~ of Fort Pierce~ Florida p A ~ y~
R ~ j ' ir: :'l~ ~~E: „
~a 800K r PACE • •
9z =~~~~.f ~ .
Checked By - • . , ,
, -s:; ; ~i_
Cr• 't~ • ~ r~'~'~t. : ~
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