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~~
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