HomeMy WebLinkAbout1300 3. To plac~ and con?inuously k~ep on the bui;dings now a he~eahe~ i~e~~ts on ~aid I~nd and on all equipn+ent ~nd pasonally covercd by this mong-
wi~h all prsmiums therea+ pa~d in full, fire in~u~anc~ in ~he usual standard policy fum. in ~ ~um approved by tha MOR~GAGEE. and winds~wm
inwranct ie Ihe uswl i?andard pot:cy fam, i~ ~ sum approved by ilr MORTGAGEE. in such tompany o~ comW^i~s u ~hs M02iGAGEE may
directt and ~11 fi~~ and windsa~m insuranc~ polic~es on a~y of taid build,nps, ~ny interes~ the«in w p+rt the~eof, in tM a~g~e9ar~ ~um afaesa~d w
in excru IhNeo/, shall com~in the uswl standard ma~gr,~e~ ciw~ cr ti~.ch o~Mr cl~us~ ~s tM Ma~gagee may reqwr~. ma~~ t?» bu unde~ u~d po1~
cies. eacl+ and tvery. paYabN ro said MORTGAGEE as ~h ime~es~ may appe+r, ar~d each a~d every svch po~~cy shall be promptly ass.p~cd a.+d delivered ~o
•ny t~eld by said MORiGAGEE +s further secv~~ty to said ~r~or~g+gt debt, and, not les~ th~n ~en l10) daYS i~ ~d~ancs of ~M eap~r~t~«+ o~ exh pol~cy, ro da
livp ro uid hWRTGAGEE a renewal the~eof. toge~Mr with a recc~pl for Ihe pr~mivm o~ svch renewal; and thcre shall be no iire or windswrm insur~ncs
pl~ced on any of said buildings. any iNerest fharein or put thereof. ~nle~a in ~he fwm u~d with tM loss paYabtt u a(atuid: and in tht e~ent any sum
of mw~sy becomes payable under such policy or policies said MORTGAGEE shall Mw ths opt~on to receive and apply tFa sams on accounl of ~he indebted-
neu setuted haeby o? ro permit said INORTGAGORS 1o receive and uf~ it a any pa.l thereof la other purposcs. w~thou~ th=.~br waivi~x~ o~ ~~T,pa~r-
i~r,~ anY equity, lisn w ~ight under w by v'u~w ot ~his morrgsge: and in the ~vent s+=d MORTGAGORS shall fw sny reason fail to keep ~he said p~emisrs so
~nwred, or fail w delive~ promptly any of said policiss of insuranc~ to sa~d MORTGAGEE. a fail promptly ro paY fvlly any prem~um the~efor or in anY
respect fail W pt~fo~m, d~sch+rge, exetut~, efiM, comp~ete, complY with ~nd +bide by this cove~+a^t, a any pa~i hereoi, said MORTGAGEE may p~xe a+d
paY (w such i+uwancs a~ny p~rt thereof wi~hout warv a ~ffectinp any optan. liei+~, puity. or ~~9ht unda or by virtw of ~his MatpaQe. and tAe
full amounl of each and wsry wch payme~t shall be ~~iately dw and p+yable and sh+ll b~ar iMereit from ths dat~ thereof until paid ~1 the ra~e ot
ni~e pet centum pa~ aruwm and to~Nher with suth interest shall be secured by tM lian of this mwtgaga
~ To ptrmit, cwNnit or wffer no waste. impairment w detmioration of said property~w +~Y P+„ thereof.
5. To pay all a~d singular the costs, cl~+r9es a?d expenses. i~ctvdinp s ressonable ~ttorney's fee snd costa of absiracts of titts. incv?red a paid
sny time by said MORiGAGfE, because w in the event of the tallure on the parf of N+e said MORiGAGOR to dvly, promprly and fully perfam, d+xharge.
e:ec~te. effect. comPkte. comply w~th and ab:de by each and every the itlpulat~ocu, ~qreame~ts, cond~tio~s. and covenana of said prom~uwy ~ote and ~h~~
mortgag~ any ar either. and sa~d cos~s. cha+9e+ a^d e~cpe^ses. e+ch and every. tMll be immediately dw snd p~Yable: whe~her or nof tAcre be no~~ce do-
msnd, atternpt w oolkct or wit pe~d~ng; and the fulf amo~,nt of each snd rverY wch WYme+~~ ~hall bea~ intcYesf from the date thercot u~til paid at the
ra~e o~ ni~e per centum per annum; and all aaid costs, charges and expenses inturred w pa~d, ~ogelhet w~th suth ~^~~~esL sh+~~ b~ sK~~ed bY ~f'° of tha
^artysg~.
6. That (a) in the event of any breach of this 1Nortgsge w def~ul~ on the pa?t of t1+e MORTGAGOR, or (b? i~ the event ~ny of sstd sums oi money
herein referred to bs not promptly and fully paid within th~rty (303 day~ next after the same severatly become due and payabk, witFaut demand w notice,
or in the event exh and every the stipulations, agreements, conditions and covenants of sa~d promissory rwte and th~s mat~sa~ee u+Y o+ e~the* are no1
i~ly, promptfy and fully performed. d~scharged, executed. effected. completed, compf~ed with and abcded by, then in eAhe~ w any such even! the said ag
gregafe wm menYaned in said pranissorY ~ote fhen remaining unpaid, with interest accrued, and ait moneys secu~ed hereby, sMll becoma dve and psy~
ab:e fwthwith, a the+eafte~, at the optan of ssid MORTGAGEE, as fully and tompktely as if all of the said sums of money were aiginally s~~pvisted
to be paid on such day, anything in sa;d~ promiuory note or in this Mortgsge to the contrary notwithstanding; and thereupon or thc~eaitd at the opt~w? of
sa~d 1NORTGAGEE, without notice a demand, suit at Iaw a in equity, therelwe a thereafter begun, may be prosecu~ed as if all ma~eys secured hereby ~
ned ma~wed prar fo in insritutan.
7. Thaf in the event that at the begln~~ng of w a1 a~y time pe~ding anY suit upon this Mortgsge, w to forectose it, or to reform it, a to enfwce
paymer?~ of sny ciaims he~eunder, said MORTGAGEE ahall apply to the Court having jurisdittion thetcof for the app.7~ntment of s Receiver, such Co~n shall
forfhwith appoint a recciver of said mort~aged propertY all and s~ngular, includ~ng all and singulu the income, Frolits, iuues and revenues from whatever
source derired, each +nd every of wh~ch, it being expreuly undcrstood, ia hereby mwtgaged u if specifically set forth and described in ~he 9rant~~9 ~^d
habendum clauses hereof, and such Receiver sfiall have a!1 the b?oad and effective funct~ons and powen in anywise entrusted by a Court to a Receive~, and
s~ch appointment st+alt br made by such Court as an admitted equity and a maiter of absoivta righl to said MORTGAGEE, u~d without re(erence to ti~s ~
adrquacy w+nadequaclr of the value of the p.operty mortgaged w to the ao~ver.cy w inwivency of said MORiGAGOR a the defendann, and ~hat such
renrs, profits, inco+ne, iss~es and revenues shall be applied by such Receiver accwdinq to the I+en a eqvity oi said MORiGACsEE and the prxtite of such ~
Court.
8_ To duty, promptly snd fully perform, discharge, execute, effect, complete, comp~y with and abide by each and every the stipulations, agreemenis,
conditions and covenan~s u~d promisso+y ~ote and this mortgage set fath.
9. That in the eveM the ownenhip of the mortgaged prem~xs, w any psrt thereof, becomes vesled in a person otFror than fhe MORTGAGOR, !he
MORTGAGEE, its wccessors and ass~gns, may, without notice to the MORTGAOR, deal with such wccesaor o~ successor in interesl with reference to this
mortgage and the debt fie~tby secured in the same maru~er as with Mortgaga without in any way vitiating w dischsrg~ng the Mottgagori lisbiliti herr
under w upon the tkbt hereby secv~ed. No sale of the Frem~ses fiereby,mo.tgaged and no fabearance on the part of the MORTGAGEE or its successon ~
w auig~s and no extension of the time iw the payment o( the debt hereby secured given by the ARORTGAGEE ar in successors or assiges, siw~~ operate
io release, d.xharge, modify charge or affect tFe original liab;lity of the MORTGAGOR herein, either in whole a&i pa?t. !
10. It is speci~ically agreed tMt time is of the essence of this contrad and thst no waiver of any obligaiwn hereundcr or of the obliystion se-
cvred hereby shaif at any time thereafier be held to be a waiver of the terms hereof o~ of the instrument secured herby. ;
11_ In addnion to the torego:ng monihly payments o( princ'pat and interest reqv~red by the prom~ssory no~e secured hereby, mortgagor covenants
and agrees to pay to mortgag~e with each momhly payrncnt an add~~anal sum est~mated by mortgagee ro be equal to 1/ 12 of the annual cost of the folbw-
ing:
A-All real property taxes levied or assessed agai~st thc above described real estate.
B-Premiums on fire and windsto~m insura^ce as herein requ:red to be carrib on the improvements situate on the above described premises_
C-Premiums on such mortgage guaranty insurar,ce as rtro~tgagee shail fra'n time to time deem fit to carry on the loan secured hereby.
Mortgagee shat! from time to time notify mortgagor in writing of the amount due and payable herevnder and such wm shall thereupon be due and
~ cayable on the due aate of ehe next month:y payment ar,d eath svccessive month therosfter ur.til mo.tgagee shsll notify mortgagor of a charge in such
E a~:ou~t_ Such sums shail be applied by mortgagee ~oward the payment of reaf property taxes, irourance prem•ums, a~xJ rtartgage guaranty insurance
f premiums.
IN WITNE55 WHEREOF, the said MORiGAGOR has hereunto ut his hand and seal the day and r first a(o~esaid_ ~
~
~ Siyned, Seakd and delivered in the presence of: . ~ j
~ . - Gvt~ C ~
~ 1 Tr in ,n
iPi ti~ne s se s ~
~ Mn Treb in
STATE OF FLORIDA t ~
courm oF ? ~ D C i~ ~
Before me penonalty appeared Douglas Trebbir? a~d
nn Trebbin his wiie, to me well known snd known to me to be
the individuais described in and who executed the fwegoing instrument, ar+d ~cfcrawledged befwe me that they executed the same for tFie pu?poses
fherein expressed_ And the sa~~ nn TrPhl~in -
+vife of ~~d Douglas Trebbin u~„'!` separatp~and privats
examination by me take~ separate and apart from her said husband, ackno+rledged to and befwe me tlwt she exetuted said i, i~~ent f~tjltiQd:vOlu~-
rar~ly aod w~thout any computs"an. constraint, apprchensio~~r fear of or from her said husband. ,1,
WITNESS my hand and official seal thi~ day of Se teAl~Cr `~,.Q:,j~~'~s~-~,-4 -
-
; ary Public in and fw tht5f~ibof ~ridi t~rye~ =i' ,
:;y: My Conunission expires: ~r t ~ -
v: Return Ta. ~ ~ ~ .
~ First Feder+l Savi s d~ loan Associatioo NOTARY P11BUC STATE Of fL~ AT LAR~,
~ Mr GOMft.155toN Exr~RES JULT~ l~
Of iort Ptierce. i'~:
c~Ew?t. insuw~r+c~ u . .
~ fon Pierce. Florida -~~.4~?u~~~~?<<`~
" i
FtLEO A~Q RECOROEO • • ` ~
ST, IUCIC COUMTY ilA. ' ' .
~ This Instrument Prepared By ftichatd K. Kayes ROGER ~O~Ta~S ~
; First Federal Savings & Loan Association CLERX C~~~CU~T COtlRT L
of Fort Pierce ~ Florida RECOP.~ VE~~'';EO~~i~-
~ ~h~~ BY ~ Oct 1 10 20 ~M'7?I .
a~232 ~~~.300 z~~~3s
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