HomeMy WebLinkAbout0094 3. To piace ~nd continuously keep on the bui'd~ngs now oi hereahs? utuats on said land and o~ all equipmeN and per~w+~~~y tovued by thi~ mortg
age, w~tF? all prem~ums therew~ ps~d u+ full, f~re inwrance ~n ~he usuat sta~dard {~o~ky lo~m, in a i~:n ap~uoYed by ~Fa MOR~GAGEE, a~d w~nds~wm ~
~ns~rance in tM usw) s~snJard poLCy fa~n, in a sum app:ored by the MORT~,;AGEE, in such company w co~~panies as the MO~tiGACaEE may
dlrect; •~+d al! fi» and windoto~m insurarxe poGues on ~ny of sa~d buiid~nys, any inte~e+t thereio w pa~~ thereof, in the agg~egate wm afaesaid a~•
in eatess Ihereo(, shsll contain ~hs usual standard mor~gagre d+uss w such o~her ci~~se as Iha Ma~q~gee mey reqwre, making ti~e loss under sa,d po~~
de~, each and every. parab!e to a~~d MJRIGAGEE as ~ta +~~~r~st may appear, and each a~~d eYe~Y tiuch po~~cy shall t,e promp~ly ass g~ad s~~d del~~ered ~o •
ar.y held by said MORiGAGEE as furtho+ securiry to sa~d ma~gsqn dabb and, not Ieu than ~en t101 dayt in adva~~ce of the exp~rat~on oi each poLq, to d~-
!~ver to sa~d MORiGAGEE a renewal thereof, to9ethe~ wi~h a rete~pt fo~ the prrn~~um of such rrne.vel; and ~T~ere shall be no I~r~ or ~vindato~rn insur~nc~
ptaced on ~ny o( said build~ngs, any interest lhercin or parf ~fierrof, un!es+ in +he furm and w~th the loss payable as aforesaid; and in the event ai.y sum
of money beco~xs p+y+ble u~der ~uch poticy or polKies ~aid MORTGAGEE shaN have th~ optwn to rcceive and apply fhe ume 4n accounl o( the i~dabte~!-
nesa secvred he~rby w ro permit sa~d MORTGAGORS to rece~ve arsd use it u a~~y par~ rn~:eof for c:ii~:r purF~oses, v~~~ho~t tf~~~.~; .v..~~i+~ e. ~n,p,,~r-
iny any equity, ~ien a righl vnder w by virtue o1 ~hls mo::yage; and ~n tFK event sa;d MORTGAGORS sha~1 fa any ~cason tail to krep the s~iJ prem~srs so r
~nsured, q? fail to del~ver promptly sny of 6d~C~ POIKiE~ o} ~nw~ance to sa~d MOR+GAGEE, or fai! prompdy to pay f~lly any pre~nium thrrefo~ or in any
rrsFect fail b perfprq, d~xharge, execute, eife.t, canplete, canply with and ab~de by ~h:s tovznast, or any parl hereof, said MORTGAGEE may plate a~~d
pay fp such insurancs or ~ny part Ihe~ewf w~thaut wsiving w af(ec~inp any opt~on. Gen, equ~ty, or i~yhr unde~ w by virtue of this Matgage, and Iht
fu,l amw,nt o( each and every such paymrnt sAa31 be imrrKdiately due and payable and shail bear interest irom the date thereot u~ti~ ps~d ae ihe rate o!
n~~:e pet cent~m per a~num and to~eiher with such interest sFw1i be ~~currA by the ~~n of th~s mortgdge.
1. To pe~mit, commit ot suffer no waste, irnpairmeN a drter;orat;on o( sa~d propcrty a any part thereof.
S. To pay all and ii~guls~ the costs, charges ar.d experses, ~nc:ud~ng a reasonable attuney's (ee a~d costs oi abstrads of title, incurred w paid a1
any ti.r.e by sa~d MORTGAGEE, becauae e~ in Ihe tvent o! the fa~iure on the part of the soid MORTGA(',pR to duly, pranptly and fu~ly par(orm, d~scharge.
:.rc~te, effect, comytete, canp~y w~th and ab'de by each and every the stipulsfwns, agr~emenn, tonditlons, and covenan?~ of sa~d pranissory note and ~h~s
morrgage ~ny a e~~iKr, and sa:d costs, tharges a~~d expenses, exh and every, shail be immed~ately due and payab!e; whe~her w not *here be notice dr
m3nd, attempt to collect w suit pe+.d:ng; and rFc~ ful! amount oi each and evrry such payme~~ shall bea• interes+ from the date thereof unfil paid sl th~
~.;r~ of n:~x per centum pe~ an~eurn; ard ail st~d coses, charges and ea;:e~~ses ~rxurred o~ pa~d, togetiie~ w~th s~ch interest, ~hall be secured by the i~en of thi~
mc•~tg~ge.
6. Thal in the event of a~y Mexh of this 1Nortgage or defau:t on Ihe pan of the AIURTGAGOR, or (bj in the event any oi aa~d sums of money
here~n refared to be not promp+ly and fully paid w~+h~n thirty (301 days next aiter the same severa'!y betoma due and payabk, wi~hout demsnd a notice,
_r ;c) in the event each and every ~ne stipvtatic~s, agreernents, cond~tio+~s and covenanfs of sa.d promissory note and tF~:s mortgage any a ei~her are not
iviy, promptly and fulty perfocmed, d:scfia~ged, exewted, effec~ed, co~npieted, comHi.ed w~!h and ab~ded Sy, tFxn in e~tber w any such event the said ag
a•c-gare sum mentioned in aa:d promissory rwte tnrn remainuig unpa~d, w~th iniereu a,crued, a~~d a!t moneys secured hereby, shatl become dve and pay-
eo.e forfhwith, a thereahe~, a> >he opi~on of se~d NtORiGAGEE, as fui~y and comp;erely as if ell of ~he said sums of money were or~ginally st~pulated
~c ba p+id on such day, anything in sa d prom~ssxy note or in th+s Mortgage to the centrary r.utxithstand:ng; and Iherevpon w thereafter af the option of
s~.d MORIGAGEE, w~thout not:ce or demand, suit at law o~ in equ~ty, ~he~rfore oe +t~creaiter begun, may be prosecuted as if all maxys aecured hereby
r,d matured pnot to ds instit~tion. -
7. That in the event that ar the leginn~ng cf or at any t~~ne pend~~:g any su~t vpon ~his Mo~tgage, a to forectose it, or to reiorm it, or to enforce
F~ir~ent of any c!~~ms he~eun~er, sa~d MGkT;,AG`_E sha'~ apply to the Co~n havfng iwnd~aion thereof for the appointment of a Receiver, such Cout1 shali
r_ •rhwith appoint a receiVer o1 sa:d mortgaged p+op~^t~ a:l and sin3~dar, :nc~:YJ ng a~; ar.~ a~~:guiar the income, p~of~ts, issues ared rev2nues from whatever
sc,rce de~ived, each a.xl every of wh:ch, ~t be~rg e,press.y ~nders+cwd. ~s Fe:eby mor~ga~ed as if spec~ficalty se1 fpth and described in the. granting a~d
~.ebendum ela~ses hereof, and such Recewer shalt hr~e ai~ the b~oad a~~d efiecnve iunct.ons and powers in anyw~:e envusted by a Court to a Receiver, and
i:h appa~ntment shaU be made by such Co~rt as an ad:nntetl equity and a maner of absolure r~ght to said MORiGAGEE, and wifhoul reference to the
ed_q~acy or inadequacy o1 the value of ehe p~operry rr~ortgagzd or to ~he so,venc~ or ~nso:venty of said MOR:GAGOR w the defendants, and that such
ren~s, prolits, income, issues and reven~.es sha11 be appiied ~y such Rece~ver ac.ora,~g ro the Iien w equity of said MORiGAGEE and the praU~ce o! such
Court. _
B_ To duly, prompt{y and ful~y perfo~m, diuharge, execu~e, effect, co~lete, cemply w~+fi and aEide by each and every the sfipulations, ,agreemtMS,
c~nd~tions and covenanrs ~o sa~d pron+ssory note a:~d th:s mc~tgnge set fortn.
9_ That in the event ~he ownership of the mortgaqed prem~ses, or any part thcreof, ~ecomes vested in a person ether than the MORTGAGOR, the
!.'ORTGAGEE, its svcceuas a^d assigns, ma•~, w~,hou~ ncTice ro thr :10RTGAOR. deai w~ih w<h s,:ccessor or successor in interest with reference to this
~ o•~gage and the debt hereby secu~ed in the same marener as with htortyagc. without in any way vihatert~ a d~uharging the Mwlgagors' liabitity here
~~~der or upon the debt hereb/ secured. No sa:e of the F~emises he~eby mortgaged ar.d rso forbearance on tht part of the fAOATGAGEE o? its suecessors
o~ ~ssigns and no exrers~on of the t~me for thr paymenf of rh._ deb~ he+ehy secured given by the MORTGAGfE or irs successws or assigns, shall operate
!o re~ease, d.scharge, mod~fy char.ge or afEect the or~gma: f~ai,;€,ty of ihe N,'vR1GAGOR herein, either in whole or in parf.
10_ It +a spec:fica~iy agreed that time ~s of tne essence of fh,s wntract ar.d lhat no waiver of any obiigatlon hereunder p of the obligation se-
c~.:red Fti:~eby ah~i; at eny t~rr.e therea'ter be hetd to be a waiwer cf ttie ~erms hereof or af the instru~eM secured herby.
t l. !n add tio~ :o +F~e io+ege r.g moc~i;`y pjyments of pci~:c pal and in~erest requ~red by the prom~ssory no!e secured hereby, mortgagor eovenapts
~ agr~es ro pay ro R+ortgagee w~r!~ ench rner,rh~y pa,rr.ent an add.~icnal sv~ esen:ated~by mor~gagee to be equal to 1,' 12 of tiie ann~al cost of the follow-
A-All real property taxes ~ev~ed o~ asses:ed agai~st tne abo+e described real estare.
g-.Pr._:*~,;o:ns on f:re and v~inds?orm l~:surar~e es 'r,er:-~n rcq~:red to be tarri~•h cn the ;n~;:~oveme~ts s~+uate o~ the above descr1bed premises. '
C-Pre•n~ums on ;::ch rt:ortg;ge g~ar,;r.ly ~~s:~r3~.ce as morr~agee sha~t frcm r me to t~•ne deem fit to carry on the loan secured hereby.
Nl7rtgagee s~a l frrcm t~T~a to r:~-e f~t; me~t,egor ~n ~.::rmg of tha a~r.o:,~t du= and payabte hereundrr and such sum shall thereupon be due and
i .„b!e on tha due oaee of the n.~,ct ~~an!!:;{ ~ayrr,ent and ezch s;:ccess~ve month the:eaher ~ntil mertgagee shall notify mortgagor of a change in suth
, o;:nt. Such sums s1-a:1 be appiied 'oy mc.~tgagee to-rra•d the payment of real property taaes, insurance p~em:ums. and mortgage guaranty insurance
~ . _rr.ivmS. n
~ Ir1 ?VlTNESS 1M1INEREOF, ihe sa~d MORTGA60R F.as here:,^.to set his ha~:d and seef the day and ear first~for said. r
ned, a: a rred ~n the ~ex e of:
~ ~ ~
' - 1~~ Seal)
~ ?11C P . ~reen
~ - , (Seal)
~ - ren , . ,r ~`a~
- - - (Seaq
=°.~i~ OF FIORIDA ~ , .
noF St. Lucie ~ ~ -
_ , s,
Befwe me penonal{y appeared ~ ~•tichael D. Gree'if
_ 1CdZe'fl ~t. c:reen, f115 ~Y1fQ h~s wife, to me well kc+dt~~~er~~r t0 me to be
_::.d~vidvats dexribed in and who executed the foregoirw~ instrument, and acknowledged before me that they exec~t~+tflt fa~/j~ pwposes
_ a~~ ~Xa~~a_ a,d r~ :a~a Y.a ren +1 . ,reen -1 - J~
~''~~'~y'T_
. ~a ef t~ ~~a _ _-:il~~ae1 D. Green ~,j^'j, et,f,~. w~,1re ~
narion by me taken upa.ate and apart irom her said husband, acknowiedged to a.sd txfore me that she execvtedsai~jnstru4~~~~ volum
~ and w~tbout any campuision, constrains, apprehens~on, a fear of w from her said husband. _ ~ L~~if ~'O?~ ~ -
~ VtiIT!NEaS my hand and oHic~al seal th;L. ].Tth - day of t~b ~ 'T p.;DC 1~7'4
~ ~ ~ L-~~•~ .t V i ;
y t
~ otary Pu61ic in and for St •~i!~jowdll~A.'ter~e
y Commission expire • ~ ~ ~ p
Re~urn To: ~;~~`~r,i'~~"
~ ~;rst Fede~al $avings 3 loan Assotiat~on
~ Of Fcrt P~erte. ?
~ Fort Pierce, Florida .
~ fILEO ANO REC~R~~
~ ft-ltlatE.COUM Y ~
~ ROCER POItRA6 ~ ;
~ This instrument Prepared By f~obert A. 9~visher, ~Jr . CIERK CIRCUIT COUIIT ~
~ First Federal Savings b Loan Association RFCORD YE~~fIEO 3
of Fort Pierce ~ Flotida 33450 ~ ~8 3 y7 PM ~~'1
~ t
~ CheckEd By -
~ o ~ ~ 291`763
~ QQQx ~.c~ ?A~GE ~ .
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