HomeMy WebLinkAbout0563 3. To pl~ce and continuoualy kssp c+n ~he bu~'d~r~gs now o~ herealter •iwat~ on s„id land and o+~ a0 equiprnent and p~rwr+atly covered by thi~ mortg~
age, with all premiums Ihercon pa•d :'n full, lire inswance ~n 1he ~sual s~a~~dud ~.o~~q form, io • sum ~pprovtd by tM MORfGAGEE, and windstam
insurant~ in tM usual standard pol~cy Iwm, in a sum approvrd Gy ~hs N10RiGAGEE. in iuth company ~ canpanies ~s tM MORTGAGEE may
d~rectp and all fi~~ ar+d wlndsrorm ins~ranca poiK~es on any of satd build,ngs. s~y iroere~~ therein or paA ~herwf, in ~M apqrc9ah tum afueu~c~or
in eatess therwf, shalt ca+t~in the usval s~anda~d morigagae uause w such aher c!ause ~s th~ Mort~+get may requu~, mdinp IM tots unde~ sa~d poiF
c~es, eath end every, paYable ro said A10RTGAGEE es its int~resl may app:a~, •~d ea.h and every fuch poiity fhall be promptty a~s gned a~d de~ivered ~o
eny 1?e1d by iaid ~10RiGAGEE as iuriher srcurity ~o ss~d mor~~ags d~bt, and, not lesf ~Mn ten t1d1 days in ad~.?nce of ~he expirotlon ot eech poGcy, ~o d~-
Gve~ ~o said MORTGAGEE • re+xwal thereol, togNher with a receipt for the prem~um oi such renewal; and there shall be no fire or windslorm inwranc~
placed on a~y oi said buildirgs, any in~er~i~ ~he+eio or pa~l th~reof, unlrss in ihe lonn and wi~h the los~ payable as afwes~~d: a~d in the event any sum
ot mon~y becanes payable undsr texh poticy o~ pol=ue+ sa~ti A10RTGAGcE shalf Iwve ~he op~~o~ to reca~ve end apply ths same a+ accouN of the in~btc~
ness secu~rd heroby or ?o permit sa~d MORiGAGORS ro receive and use it a any part the~eof For ozhe~ purposes. .Y~~ho~t ~h;r~br •aa~~n+~ o~ ~n+pair-
ing any tqu<<y, tien or righl under or by virtue of Ih:s mo::yage; and ~n the event w:d hIORTGAGORS shall fu any ~eason fail to keep thc taid p~em~ses so
ins~red, or lail ro deliver promptly any of aaid pot:ues of insurance to sa~d MORIGAGEE, o~ fail promptly to pay fully any premium therefor w in +nY '
respect fait ro pertwm, d~scharge, execu~e, ef!ect, canp:ete, comply wi~h and ab~de by ~his covenant, a any part hereo(, iaid MORTGAGEE may place a~d ~
pay fot such iraursnce w any parl tfiereof withouf waiving or affectiny any opt~on, :~en, equily, or right under or b/ virtue of lhis Matgage, and the
Ivll amounl of eath and every suth payment shsll be immed~ately due and payable and sha!1 brar ir.terrst from ths date thereof until paid at the ratc o~
n~r.e per centum per annum arul togrther weh such interest shaii br sccu~ed by ~he Gan of fhcs morrgage.
1. To pa~mil, commit or iuifer no waste, impairment w drter~oration of sa.d property or any part thereof.
5. To pay all a~d singular the costs, charget and expenses, includ~ng a reaso:~a6le aftwney's fee and costs of absascb oi title, incurred w pa~d at
any time by said MORIGAGfE, because w in the event of tha fa:iure cn the part of ~ne :a~d MORTGAGOR to duly, promptly and fully perlwm, d~uharge.
exe:ute, effect. complete, comply w~th and ab:de by each a~d rvery the s+ipvlai~ons, agrrements, condit'rons, and covenants of sa~d pranissory note and this
,:ofrgage any or e~+hrr, and sa~d cos~s, charges and expensea, each and every, sha11 be ~mmcdiately due and payable; whether or not there be not~ce do-
mand, al~empl to collect w suit pend~ng; and the tull a+novnt of each and eve~y sv<h payment shall bea~ in~eres~ trom ~he date thereof until paid a1 the
o! nlne pe~ crntum ~r an:w:n; arw' a{I said costs, charges and ~x;x~~i~s ~ncurred a paid, toge~her w~th such iMeresl, shall be secured by tla 1~2r of thq
mortg~ye. .
b. That (a) in the event of any breach of this Nla~ga9e o+ defauit on thz pr•t ef the MORTGAGOR, w(b) in the event any of ss~d swns of money
herein referred ro be no1 prompfty and lutty paid w~rhin th+rty (30) deys next artrr ihe same seae~ai:y become due and payable, without dtmand or notice,
ar (c) in the event each snd every the stipulations, agreeme~ts, cor,d~tions and covenams of sa~d p~wnlssory note a~d this mortgaye any w eithe~ are not
:uly, protnpfly and fully per(wmed, d•scharg:d, execvted, eifrctrd compieted, comNi~ed wiih and ab~ded 5y, then ~n either a any such evenl the said a¢
y-egate wm memioned in said promissory ~ore the~ ~emain;~g unpaid, with i~ve~~-~t a::r~ed, and all moneys secured hereby, shall beceme due and pay~
ab e forthwith, w tl~ereafter, at the option o1 sa~d MOR?GAGEE, as Sully ani comu:e:r~y as ii alt of Ihe said sums of mooey we~e a~g~nally s~ipulsted
ic. be pa;d on such dap, anything in sa.d promissory note or in th~s /Aorfgage ~o the c~ntrary notw~thstanding; and thereupon w thereafte~ at the opuor? of
s~,;d MORTGAGEE, without nct~ce or dernard. s~~t at iaw w i~ ra~~ey, +hereEo~e w thereaf~er begun, may be prosecuttd as if all moneys setured he?eby
r.:d matur~d pr~w to iis institution.
7. That in the event that at tht beyinn~rtg ~4 or at any rime pend~ng any su~1 upon this Mortgage, w to (o+edose it, or to ~eform it, or to enforte
c. ~vmeni o( arty claims hereundcr, u~d MORTGAGcE sha=i apply so the Cc~rf havmg ;~r~sd~c~,o~ thrreoi for the ap"pantmeni of a Receiver, such Cou~1 shall
r;:t~.with appoint a rece~.ar o( sa~d mortgaged propc•ty al: a:~d ~h~3~!ar, ind~~.ng a~~ a~d s~n9ula. ~i~s income, profirs, issxs and revenues from whatever
s_u•ca derived, each and every of wh~th, if be~ng rxp~e:sly und~rs~ocd, is hr:eor n,or~gaged as +f spec~fically set fdth snd described io the gra~ting aad
l,ebend~m clauses htreof, and such Recdver shsll have alt the b~~ad 3^d effec+ive fur.c:.ons and powers in anywise Mtrusted by • Court to a Reteiver, and
s.:h appointment shall be made by such Cou~~ as an adrnitted rG~~ry and a ~,a!ter of absolute r~ght to said MORTGAGEE, and wiThout reference to the
r~i.-quacy or insdequacy of the vatve of Ihe property mo~'gagc~d o~ to rhe SO.YCnCy or ~i~SO~V@My of said MQRTGAGOR w the defendantf, and that such
r• ~,~s. profits, income, issues and revenues siwll tx app~~rd by such Receiver accordsnp to ahe lien w equity of said MORTGAGEE and the practice of such
COVtL
8. To duly, p:omptly and fully per(orm, d=scha~ge, execu!e, e!(e:t, cempleta co•r•pty w~th and abide by eath and e~ay ihs atipulafions, agreements,
c~rditiona and covertants m sn~d promissory note a~~d this r.~~r?ga,r set forth.
9. That in the event the ownonhip of the .r.ortgaged pre~ :;ses. ur anv part t~erec(, becomes vested, in a person other than the MORTGAGOR, the
RTGAGEE, its successors and 8ss~gns, ~-+ay, w~:Fwut nor:ce to rt:e S'.OkIG~,OR. dee! w:rh such :ucceuor a successw in interest with reference ro this
,~ri~age and ti+e debt hereby seC~red in thc same mJr.nc'r as »~!h .'tortyago~ w:thovt ~n any way vif~ating or t~~xharging the Mottgagors' liabilify ~r!
_~;+.e; or upoo the deb~ hcreby secured- No sa:e'~~/IK~ e p~e~~ ~ses Hareby ~no~tgaged and ~o forbearance o~ the part of the /dORTGAGEE w its sueeesson
o~ ass~gns and no extens~on of !he t~rne ior ihe payme~t ~f rhe debs F,~~eb~ secured g~ven by the MORTGAGEE or its svccessors or assigns, ahall operate
ro re~ease, d~scha:ge, mod~fy change or affect the orig~nat liao:'.!y of rne lrURiGAGOR here~n, e~fFxr in whole w in part.
19. It is spec~Fically agreed that t~me ~s o~ tk.e eisence of thls conrracr and that no waiver of any ob~>gation hereunder or of the obligation se-
c.:red Fk:reby shal~ at any time rhereafter be hc~d to be a wo~~er of ttie •e:ms hereof or of the instrument secured herby.
71. In aJu.~~o~ 'o ihe lorege'ng ~~oath'y paym~n~s of p~~nc pal and ~~:~r= s~ r_Gv~~ed by the prom:ssory note secured hereby, mortgagor covenants
~-d agrees to pay to rior~grgee v.~rh eact~ ~ru:~rh~y ~a~•.:e~~t an add ~:u~~aS sor, ~~s•::, >•ed by mortgagee to be rq~ral to 1;`12 oi the annual cost of t}~e follow-
/t-All rea! uroperty ta~es !z•~~ew or assess_•d agr.l•'•s~ the ar.ove descr:.~,cd ~eal es'ata.
B-Pr~m~u ns ori fire and windstorm insurarce as nere~n req~~:rcd to be <a+ned c~ the ~mprovemeots situate o~ the above described prem:ses.
C-Pre:n~~ms on such mortgage gua~anty ~es~rar,ce as mengagee shalt from rme to ti~ne deem fit ro carry on the ban secured Fiereby.
1~!ortgagee sha'i from t~~+•e ro ~~-~•e no+;fy mcrr~agor ~n writ:«~ of ine a-::o..ot d~,c and payable hereundar and such su~n shall thereupon be due and i
; ,.~ble o~ the d~e date of the »ext mo~'h:y payme~» and ecch succHssive ~^cr.ih rhereafies ur.til mortgagee shall notify mortgagor of a change in such ~
~ ~~.~nt. Such s~ms sF.al! be acpiied by mOrtgsyre tov.ard the pay+-+en+ of reai property taxes, i~surante prem:ums, and rtwrtgage guaranty insurance
~ : ~~.,,::~ms.
i
E {N Y1ITNESS ':JHEREOf, the sa~d M.ORTGAGOR has herru~to sef nfs hacd and seal the day a, ear first afuewid.
~ Signed, Seai d delivered in the p?esence of:
~ ~ ~.i 1Q~Sl _ a~
o er . . co ~
s~
-'!i~ _ it ~fi G-~.L ~Seaq i
~ He en 4:. Scott r~,n
S' A i E OF FLORIDA ~
SS.
C~U'JTY OP St . ~ucie _ _
Robert E. SCOtt . .;,~~t:~t'r~~<<i
Before me penonaliy appeared '~-j-~y~
Helen l:. SCOLt hii wife, to me well•k' aAA'lt~y~n T~~d! fo be
~~ndividuals deuribed in and who executed the foregoing instrumcnt, and acknowledged before me that they expcuted.nQ~l~ l T~~'~~~P~e~
i~`. . P lielen ti•1. 6cott _ G' % I
e~n ex ressed. And the said _ ~--~---if . t„ - ~
::'e of the said [ZObelt G~ SCOtt I~' raA'a~+d~Qvate
sd` j¢ ' M~leix ~+d ~1 `
,~~n~na!iun by me taRen separate and apart from her said husband, acknowledged ro and befwe me that she execut ~ ume
~ and withovt aR/ compulsion, constraint, appr~eh/e~ns~on or fear of w from her sa~d husband. - ' rtY ~ ~ ,
Vi1ThE55 my hand and offic~al seal this__~i/L~ day of ~ terober %(i~'. 1~~.h ~ Z 74
~ t•~~~~.~?~~~~ ~
. '1,~
~ tery Public in snd for the Stat~ ~ ~~1d ~f
y Commissioo expires: ~i ~~9~~
Return To_ C~/
s
~ ~;ret Federal Savings a Loan Assouat;on
~ Of Forf P:erce.
Fort Pierce, Florida
~ ~~p p~p ~ECONOED ~
ST. WCi~ L~UNtY Fl'A' L ~
~ This Instrument Preparsd By Gary P. Gllwooc] RaCEp p3iIRAS ~
~ First Federal Savings & Loan Association ~~ERK C~};~U1j COUAT #
of Fort Pierce, Florida Rff~A~Y~~~`~ED~•-+"- i
10 21 [IM'~'~ '
Checked By ~ ~M
BOOK ~iG PAGE ~~~~4 ?
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