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HomeMy WebLinkAbout2750 To plan a~d continuouslyt ke~p on ~M buildinys now or Mreah~~ uw~?~ a? ~aid land sr+d on ~II sqvipnent and p~rwrwlly covK~d by 1hi~ nartg p~, with all pr~mivms IhN~on paid in fvii, firo i~iurance in 1M uwaf i?anda~d polity torn?, in a sum +pprov~d by tM MORTGAGEE, snd windsrotn? ~nswu~c~ in the vswl s+a~dard pol~cy tam, in a a~m approv~d by ~M MORTGAGEE, in wd~ canpany a oompani« a~ t!N MORiGA(3EE m~y dir~ctj ~+d ~II ib~ and windswrm inwrancs (lO~iCN1 on ~ny of ~aid buitd;nys, ~ny internl f1~~1n o~ pul the~eof, in iM sy~reyat~ fum ~fwesald w t in exnu ~M?eof, ~hall caualn th~ vswl siandard mor~g+pee davse w such o~her ciause ~s ~M MwtqagN m~y rpvir~. m+kinp IM loa und~r aid pol4 cie~, each and every, payabk to ~aid MORTGAGEE si ~ts interesl may appear, and e~ch and evary iuch policy shall b~ p~ompUy au:9ned ~nd d~livered 10 sny Mld by ~aid MORTGAGEE ~s i~r~Mr ~ecurity ~o s~id mwt,~aq~ dcbt, and, nof teu tMn tM (10) days i~ advana of th~ ~xpiration oi ~ach policy, ~o da ~ I~wr lo saW N10RTGAGEE s rtnewal therwf. to~eiiw with a receipl fw iM premiu+n of tuch rer+ewai; and ~her~ sMll b~ no fir~ or wintlitam 1n~want~ plat~d on any of ~id bulldi~ps, ~ny intaest the~~in or put the~eof, unless in ~he fo+m and with ~he losa payabl~ ~i e(ore~idj and in tM evenl anY wm of mo+?~y' becomes pay~Wa undM wch polky p policiss faid MORiGAGEE shall haw ~M option M rectiw a~d ~pply tlw sam~ on ~ao~~t of tM Mwlebtad- ' n~ss iecured hereby w fo permit said MORTGAGORS 1o receiva snd ~ it or a~y part thereof lo~ othe~ purpo~ei, wi~hout thareo~ waivi~ig w ~mpuin ~ in9 any puity, litn p ripM under a by virtw of this mo: t~aqe; and i~ the went ia:d MORTGAGORS shall for ~~y reason f~iF to keep the s~id p~~misx w insured, or fall fo deliva promptly ~ny of said policits o( insuranc~ to Nid MORTGAGEE, or (ail promptly !o psy fully sny pre~nium the~~iot w in any reapeei fail ro pKform, dixhsrge, ~xecut~, ~ffect, complete, comply wi~h and abide by this coven+nt, w an~ psr~ he~eof, said MORTGAGEE miy plac~ a~d 1~~ pay fa t+xh inwranc~ w u+y pa?1 fMreof witlwul waiv~rp w ~ffec~inp any optio~, lien, equ~ty, o< <ight unda or by virtua of thia MortyaQe, and 1M + fvll amoum of tach a~d everyr such payment shail be immedistely due and psyab:o ~nd ihall bear intereit from ths dat~ tfiereof un~il paid at the rat~ ol n~ne psr centum pet anaum and to~ether with such inte~eit shall be secured by IM iien of this mortgage. 1. To p~rmit, commit or suffa no wasls, impairment or deterioration of said properry w.ny pan ~iareof. 5. To p~y all and slrpvlar tFw cotts, chsryes uu! expenses, induding a reuo.~abls attwney's fee ar~d cw~s of ~bstr~ets of titl~, inturred or paid ~t eny time by said MORTGA6fE, becauss or i~ ths eve~t of the faNu~e on thr part of the said MORTGAGOR ro duly, promptly and fully perfum, diuMr9e, _ exe:ut~, effect, canpkte, comply with and ab~de by each a~d every the :Npula~~ons, agrc~mnn, co~ditiau, and coven~nts o1 ssid promissory note and thu morfgaye any p either, a~d said costa, chargea and expenses, each u+d every,'shalt be immcdiately due ~nd payable; whether q not ther~ b~ notice ds mancl, attempt to co!{aq w wi1 pw~ding~ ~nd ~he fult a~»ovnt of each and every such payment ahall bsar intsreat from tM date thsreof until p~id af the .~te of nine per centum per snnum; arx3 ail said costs, cMrges and exaer.ses incurred a paid, to9etF?ar with such inte~~st, ~F?~II bt sacured by tM li~» of thil matgiga Q Thaf (a) in the evenl of ar?y Meuh o( thia JKortgage or defaulf on the pan ef the MORTGAGOR, w(b) tn tM eveM ~ny of fa~d sums of mon~y h~?ein ~efer~~d to bs not promptly and fully paid within ~hirry (30) days next after ~he same ~evm~:ty becoma due ~nd payable, without demand a ~otice, or ic) in fhe event each and every the stipuiations, agreemenn, cond;tions and cove~nn of sa+d promiuwy note aed this mortpa~e a~ryr or either are nol iufy, promptly and futly pe~fwmed, d~xharged, ezecuted, elfected, completed, compl~ed with snd abided by, tlan in either a any such eveM the iaid ag gre9ate wm mentaneci in said promiuory na:e then rema+ning unpeid, with interes~ accrued, arod atl moneys secwed hereby, sMll becane due and psy~ able fathwith, a tl~ea(te~, ~t tFK optan of said MORTGAGEE, ai fuliy a~d completely as if alf of the said wms of money were aiginally stipulated to be paid on suth day, anytl~ing in said promiuory note or in this Mortyaga to the coi+trsry notwithsia~ding; and thereupon.or theroafter at the op~ion oi sa~d MORTGAGEE, without notice w demand, svit at law w in equity. therefore or thereaftH begun, may be prosecuted as if all moneys secured hereby had matwcd pnor ro its iratit~tioa 7. Thst in the event that at the begirsnirg of a at ~ny time prnding any :uit vpw~ this kw:tg~g~, or fO foretlose it, a lo reform tt, or fo enforq payme.~t of any claims hereunder, said MORTGAGtE shalt apply to the Court having jvrisdiction thereof fw the appoinlment vf s Reteiver, such Cour1 sMll Forrhwith sppaM s receiver of said morlgaged proxrty a1~ and sing~lar, incl.xl~ng all and sinyular ihe incpme, poFits. iisues and reverwes from wFwtever so~rce derived, each and every of whKh, it being expressiy ~nder:~aod, is hereby mwtga~ed u if apecifically set }o?th•~nd described in ths yr~nting and habcndum clavses hereof, and sucfi Rrceiver sMll have all the broad and effesrive f~nct~ons and powen in anywise Mtiusfed:by s Court to a Receiver, and scch appointment shall be made by such Court as an admi~ted equity arn~ a rr~atter of abso~uta r~ght to said MORTGAGEE, a~d without refc+erue to the edequacy or inadequacy of the val~e of the property r~tgaged or to ~he wivency o~ ~nzolventy oi said MORTGAGOR or ihe defer?slants, a~x! that wch re~+s, p?ofita, i~xwne, iuues and reveoues shal! be applied by such Rece+ver accard~ng to the lien a equity of said MORTGAGEE and the practice of wch Court. 8. To du:y, prorttpfly and fully perlorm, discharge, execute, effett, compiete, ca-np:y with and abide by eath st~d every the sfipulafions, agreements, conditipn3 and corensnts in said promissory note and fhis morrgage set fwth. ~ ~ - 9. That in the event the ownenhip o( the mwtgsged premixs, or a~y part thereof, becanes vested in ~ person other than the MORTGAGOR, t!» h10RTGAGEE, iri succeuora and auigns, may, without notice to the MORTGApR, deat wifh such succassor or successor in interest wifh refer~nce to this r:e•~gage and the debt hereby xcvred in the same manner sa with Mortgagor without in any way vitiatiny or discharging fhe Mwtgagori {iability hera- unde~ or upon the debf hereby secured. No sale oi the premises hereby mortgaged •nd no iorbearsnte on the pare of the MORiGAGEE w its wtcesaots or ass~gns and no eatension of the time for the payment of the de6t here~y secured give~ by the MORTGAGEE w its suttessors or assigns, sha!! operate ~o re!ease, d~xharge, modify change or affect flx original l;abfl~ty of the MORTGAG4R hereen, either in whole w in put. i0_ It is specifically agreed that time is of the essence of this controct and that r+o waiver of any obligation herevnder or of tM oblipatioe ss- cured hereby shall et sny time thereafter be held to be a waiver of the terms hereof or of the instrurt?enl secu~ed herby. 11. In add~tio~ to the forego:~ng monthly paym~nts of princ'pal and interest required by ifie promissory note secured hereby, mortgagor covan~nts .~r.d agrees fo p~y to rtwrtgagee with each month{y payment ar. add~rional wm est~:nated by mortgagee fo be eq~al to 1~12 of the annual cost of the follow- ir.y^. . - ~ A-Ail real properTy taxes levied a aasesserl aga~nsf ihe above deu~~bed real estale. B-Pre~n~u;ns on iire and windstorm insurance as hereen reqv~red to be carried on the improveme~ts situate on the above desuibed premises. t-Premiums on such mortgage gua~aMy ir.surar:ce as mortoagee shall fram t~me to time deem fit to tarry on tl+e Iosn secvred hereby. ~ Aiortgagee shail from time fo time notify mo~tgagor in writing of the a.nount dve and payable hereunder and such wm shall therevpon be due and ~ ::yab!e on ihe due date of the next monthly paymem and each successive month thereafter ur.til mwtgagee shall notify mottgagor of. a thanpe in tuth ; a^o~nt. $ucF~ sums shall be applied by mwrgagee toward the payment of real property taxes, insvrartce prem:ums, ~nd rtwrtgaye ywranty iroursnce f •P,riumt_ . - . ~ ITNESS W EREOF he ~a'~d NIORTGAGO~ has hereunto set his hand and seal tfi~e day and year fint•sfwessW. . , - and vered - ~he esence of: ~O AMD NECOR f~ ' ~T.IYCiE CatItITY i~ n' ~ n'l_ (sesq IIOCER PG1TR11S p CIERIC CifiGUIT COY11T RECBRD YER;fiEO a ie ae y i c ~ rs..n S;ATf OF FLOltIDA ' ~ ~ P~' • ~our~TV oF St. Lucie ~ /~~66 Befwe me penonalty appeared TO:a tiiyrick ~ Sallie '•tae '~1y2'1CIf his wife, to me well koown and known b ms ro b~ ri,e individusb desuibed in and who executcd the foregoin8 inztrument, and acknowledged before ms that they executed the sarn~ for t!» putpoaa iherein txpressed. Ant~ tf?e seid Sallie lae ~lyrick _ r•'e of the ssid Tom `tyrick , opor~ a separ~t~ and pivaM c,am~nat~on by me taken separate and apart from her said husaand, scknowledged to and befwe me that she e:ecuted said insfrumsnt freely ~nd voluer ~a~~ly and without any computaion, comtraint, apprehenjsion, or fesr of or from her said husband. . NITNESS my harx! and officiaf seal thia_ day of ~CtOber _ A, p. ~p 74 ~ ~ ~ t~lot~ry Publk in snd fw the ta of Fbrid~ at lar~e ~ My Commiuioe expires: ( O-3~ ' 7~? Return To: ~ Firat Federal Savings 3 loan Association - ~ ' ~ . -y' ~ ~ Of fort P~erce. ``~~~~~tj1~{~~~1jl~~~; =K ~ Fort Pierce. F{orida 1 1 i~• '1 y~y ' : a~ ~i,':..: ~~..,:~s,, ' _ ' ~,~p 1an':j :_,n z l 4-, ds s~~ ~ Y- This Instrument Pre red B n ' 0' ''Q~3 ~ ~ Pa Y obe-t A. ~?isher, Jr. _.r#r"r~= ,v~, a~ Y~~ =6 ~t First Federal Savings & Loan Association :ix n-~:;t: ~~''i0~; O~,"= of Fort Pierce~ Floric9a 33450 . ;~-~r ~l~~ i F ~~s~.~.r. ~t~ ~i~ Q . ~ v ,i,` ~ Checked By ~•n,,~ ; ~S<<~.ri_ 0 R '~~u~~~;??~~ ~ b00s(~~ PAGE~7~~ - ~ • ~ t r T_ • i ` C i . r _ ` _i_. _ _ _ ~iF'- ~it? ~f L4" . ~ b ~ - ' S Y~ ~L~Si~~:, . .,~..,~~3~c.r -G°y=~5~~2 ~ } ~d~.J=~ .v_ . ~ ~ ~ ~ ,k i ~~~X~