HomeMy WebLinkAbout0413 9. To plx~ +nd continuously k~ep on tM bu~idirgs now or harea(tK ~ituaf~ ort iaid land ~nd on all equiprn~nt ~~+d persona~ly covacd by tha mort~
ap~, with all prtmiums th~reoe p~~d io iu14 fire intunnca ie ths uwal standard po~ky form, in a aum approvtd by t1+~ MORIGAGEf, and windstam
insurs~ in tM uswl uand~~d policy fam, in + sum app~ovtd by iM MORTGAGEE, in tuch compu+y or tompaniN ~s tM MORiGAQEE n++~ ,
dinttt •nd all iir~ ~nd windslwm Insuranct p~kies o~ ~ny of said buildi~gs. a~y int~r~at IMr~ln or part therwf, ~ tht ~e9~N w~n ~fp~s+id or `
In ~xcets th~reof, ~hall contain th~ vsual standard ma~ga9se dause or such o~hx tlavst as th~ MalyaqN may ~~qu~n. m+Minp tM !ou und~r s~~d poli~ Z
ci~i. e~th and every. paYabl~ to said MORTGAGEE ai in interesl may ~ppear. and cach and ~very svch policy iha{i be pranpNy us9~ed +od dslive~ed ~o
~ny held by uid MORTGAGEE +s fur~ha ~ecurity to said mortgags debt, and. rrot less than 1~n UO) d~ys in advancx oi ti» ~xpk~tbn of each polity, to d~
IivK to said MORTGAGEE a ren~wal the~cof, topetha with ~ receipt for the prani~m of such rensw~lj a~d ~Mr~ shall b~ no fira a wir+dstorm insvr~nt~
plepd on any oi wid bvildi~gs, any' interest tha~e~n or pu1 thereof, ur?lPSS in ~he form and with ~M loa~ paYabN ~i efortuid; ~nd in th~ ~vtnl any wm
of rtwn~y becomes payablt uruler iuch potiey or policies said MORTGAGEE ~halt Mva the op~ion ~o ~~ceiw and ~pply tM ssme on ~cwu^t oi tM tndebted~
rxss secured hereby w ro pe~mit said MORTGAGORS to receive a~+d use it or any Nert ~hereoi f~ other p~rppaes, wi~hout Ihe+eb~ wai.~~?9 or unpair-
inq any equ~ty, tieo or rpht unck~ or by vi~tue of tFus mortp~yr, ~~d tn the evem ss~d MoRTGAGORS ~Fwtl for ~ey reason fail to keep the uid premises w
insured or f~il ro deliver promptly sny of uid policies of insvronc~ to ~iid MORTGAGEf, a fail promptly to pay fully ~ny p~emium the~efa a in ~nY r~
raipett fail ro perform, discharge, exscute, effecT, canpl6te, comply wifh and abide by this cove~++nt, a any parl heraof, said MORTGAGEE may place a~d ,w~
pay (a such insurance or any part thersof witAoul waiviny w affectiny ~ny opUOn, lien, aquity, w•ight undet or by vutw of thii lkort9aye, ~nd tht +
fvll smovm of each and ewry tvch payment shall be im~nediately due and payablo ar~d shall bear i~terest trom tha datt thcreoi ~ntil paid at tM ~aN ol i'~ ;
n~ns ~ centum per annum an~ 1o~rthrr with such intere~~ shall be aacurcd by 1he lien of tFNS mort9age.
1. To perink, commlt w suifer no was?e, impairment w deter~asrion of wid properry w+ny p+?t tMreof.
3. To pay all a~d ~irpvlu the co~ts, cha~g~s +nd exp~~ses, includ~ng a rcesaiabb ~tw.n~y's fee ~nd costs of ~bst~acts o( titl~. incurrad or p~id N
any time by said MORTGAGEE, beca~sa or in tlx event of the faiiuro on the part of the saFd MORTGAGOR to du1y, prompdy ~r~d fully paaform, d~uhuya,
exetute, effect, comptere. comply wrth and ab;de by eacfi and evay the stipulahons, agreemenn. conditions, and wwnanb of said ~omissory ~ote snd this
mortgayo ~ny w ei~her, and said costs; charges and expensei, each and every, ~hal{ be inur~liately due a~d payabt~; wlxlher w not ther~ bt notice df
mand, at~empt to colted a wit pe~d~ngr a~d ~he fu11 amovm oi each and every wch paymeeu ahsli b~ar interesl from the date M~ereoi uetil paid at ti~
rate of nine per cent~m per sn~~um; •nd al! said cwta, cha~9es and expenses incurred w paid, topether wilh suth interesf, at,su b. uc~~ br ~h. re~ of tnw
~,o.tp~ge.
4. Thst (a) in the event of any txeach of this Alortgaga or defavl? on the part of the MORTGAGOR, a(b) in ths evsnt ~~y of ~aid swra of mon~y
herein r~ferred ro be not promplty and fully paid within th~rty (30) days nent aftr ~F+e sem~ sewrally becom~ dw ~nd payable, withovl den?and w no~ke,
or (c) in the evtnt each and every the stipulations, agreements, conditiau ae+d cover+snts ol iaid promisswy rate and this mwtyag~ any or either ar~ ~ol
iuly, p~omptly and fuliy pr~formed, d~scharged, ezecvted, eflecred, comp!eted, compf~ed w~ih artd ab~dad yy, then in either a aoy iuch ~wnt the said a¢
g~egate wm mentioneci in said prom~ssory note the~ remaining unpaid, with interes! acuued, and atl mor?ey~ secuted hereby, shell becom~ dus arx! p+y~
ebie (orthwith, w thereafter, at the option of sa~d MORiGAGEE, as fut:y snd ca~n~iate~y as i1 ~11 of the said s:~ms of mon~y were oriyioatly slipvlated
ro be paid on such day, anything in sa;d {xom~iawy rwte er io this Mwtgsye to ~F+e co~rrary norwethstanding; ux! tberevpwi a lheroafter at Iht option of
sr;d MORiGAGEE, wlthout notice w damand, suit at !aw a in equity, the+efore a thereaher begun, may be prosecuted ~ if all ma~eys secvred hereby
n, d matured pnor to ~b ina?itution. ~
7. Thst 1n ~he evant that at the beginning of or at sny time pending any w~t upon this Mortgag~, or ro f«eclos. M, w fo reforeri it, a to e~forp
c.aymero of s~y tlaims hereundtr, said MORTGAGEE shall apply to the Court hevir~~ ~w~sd~cYron thc~eof Eor the ~p~ntment of ! Receiver, such Cout1 sh~ll
t_irhwith appoaM s recerver o( eaid mortgaged prcr.erty afl a!u! a~ngular, inciud~nqi all a~d sinqviar IF.e ~~ton+e. pOhb, istuef and r~ve+wes from whatev~?
sourcr derived, each and every of which, it be~ng exp~essty unda~stood, is hereby morrgaged as i! speufica~ty set fwth snd destribed in the yrantinp aed
l,ahend~m ciauset hereof, and s~ch Reteiver sha:l have aU the b~oad and effective Eunct~ons a~d powers in anywiu entrusted by ~ Cw?f fo • Reteiver, and
s~ch sppoinfinent shalt be made by such Covrl as an admitted equity and a rt+atrer of a6solute right to said MORTGAGEE, ~nd withoul refere~te 1o ths
adeyuacy or ioadeqvacy of the vatue of ehe property mortgaged ar to the swvency o~ ~~soirency of said MORTGAGOR p the defandanri, and that such
rents, profits, iecome, issucs and revrnves shali t?e appi+ed by such Receive~ accord~n9 to the lien w eq~ity oi said MORTGAGEE and the prattite of. suth
Court.- . - ~
• 8_ To duFy; p.omptiy and fu{ly perfarm, discharge, execute, effect, comptete, comply with snd ab~de by each and every ihs stipvl~tia~t„ ~yrean~nts,
conditioni ~nd covenints in said p~omissory note and this mortgege set forth. :
9. 7hat in the event the owne+sh;p of the mcitgayed premises, or any part the~eof,- Necort~as vested ln ~ penon other• thin the JMORTGAGOR, tM
:'ORTGAGEE, its succeuors and issigns, may, witnouf notice to the MORIGAOR, deal with such soccestor p sutcessor in interest with refaente to this .
n:ortgage and ttx debt hereby secured in the same manntr as wi+h rrl~rigagoi without in any way viljatiny Or dixh~lpiny the Mottpagors' (i+bility ht« .
under os_ upon tne debt htreby secured. 1vo sa!e of the prtmiaes fiereby mortgzged and no fabesrrnts o~ the psrt of the N10RTGAGEE o~ iri sucteswrs
or augnc and no txNnsion of the 1wr.e iw the paymeM af the deW hereby secured.yiven by .the MORTGAGEE Or i1s s~otestots w asligns, sl?atl op~nte
!o release, d~scharge, modify" change w affect the o~:ginaf liab,f~ty of the KORTGAGOR here~n, either in.whok or in put.
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10. It is spec+ficaliy agreed that time is of the essencr oE ~his contrad and thal ~o wsiver of any obligation hsrew~der a oi-tM ebliyation a~
cured hateby shall at any time thereafter be held to be a waiver oi tfie terms hereof ot of the inst?ument secwed herby. ' '
11_ In add~tion to the forego'~~g monthiy paymanrs of p,inc'paI and interest requ~red by" the p~omissory note secured hereby, mortgagor eoven~nts
+~,d agrees fo piy,~o mortgagee with each momhly payrr,eM ao addi~ionsl-sum estimated by mortgag~e fo bs equal b 1 J12 of the annua) cost of the follow-
''9: _ • . _ ' • _ "
A-/lli real property ta,ces Ievicd or auassed agajnst the a~ave destrioed reai estals . - .
i B-Premiu~r.s on fire and w;ndsto:m insurar.ce a3 here~n requ~red so be ca:ried on the im~ove+ne~ts sitvatr on tt~e sbovQ dewibqd_premis~s.
j C-Prrn:ium3 or~ svch mortgage guaranty inswar,ce as mortgagee s~atf frcm t~me to time deem fit to tarry on the ioan secwed heteby. '
I Nbrtgayee shail fran time to ~ime not;fy mortgaqor ~n wr~ring of tfie as:ount due and pay+ble herew~der sr~d such sum ahail thrreupon be d~ie snd
~ ;.~yable on the due oate of the next mon!hly payment and exh tuccessive month the4~aftar ur.til morigagee shafl notify mortgagor of e chaege in wch -
>~.ount. Such sums sF.al1 b! applied by mortgagee ~o~kard the payment of real property taxes, insunrtce ptem.ums, and rtwrtgage guaranfy inswa~ce
r ~ emiums.
IN WITNE55 WHER~Of, ~he se~d MORTGAGOR has hereunto set his hand arsd seal the aay and r fint aforesaid.
Signed, Seakd and drlivered in the p~es of: ' •
_ - - - - _ ~.n + ~~r~~ (Se+4
_ L,ewis C. Sass, a siugl@ adtsltrs..q
n--~
~"ATE OF PIORIDA
SS.
o~uNn oF st.. ~ncie 1 .
s~ra~ ~~.~trY appea?ed Le~ris C. Sass t a single adult w~
i~ ~rlflf to me well known and k~own to me to b~
s~: individuat dexribed in and who executed the foregang instrumeM, and adcnowledged lxfore me that he executed the same ior ths purposes
rhere:n expressed. ~~d.~ ~~-J
rw fe ~oi N~ ~w~ uNrLr~eP~d PriMi~
a.a~nr~ic~ ~?~r .+ai~ar~purt~.aob a~~t ~irons sai~ L~.ab+~L ~~icaadsd~d ~a.~d~~tat~ a~ ibat.ab~~rartrd. r~riil.iW~u~usallwlM. ald~u~r
+e'+6reni ~weMosl~w~'!'~wwp~lwowr~owskww~~++~/r~lww~wwt ~ iea.~f.a. f.~w i~
WI7NE55 my hanrl artd offidat seal this " p~ day of • A. D. 19~
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FItEO AMU RECORp~p Notary P~blic io a~d 4or t S te of PI«ida ~t lu~s
~ ST.l,UC1E COUi1TY fL~. ~j My Cornmtuion expires: ,
rtef~?o To: ROCER PafTRAS v
Fint Feder~l Savings 3 loan Association CLERR Ci4CUIT C011RT r~~ f~
REC4Rn vfNiFIED ~ ~r ~ i~~'+i
Of Fort P;erce. ~~M~iM Ea~1M ~+ay i!7` 3~~~ti
Fort Pierce. Florida ' ~ ~ ••y~~~~~ ~ ~
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Oct IS 2 vs PM ~~I
~ . ~..•:~t ~l~~ld~•; ~S. . -
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A ?y r : • .
This Insirument Prepared By ~`~~0 ;f ~ ~ V(~'`'31~ . ~ • -
First Federal Savings & Loan Association • " ' fi~ ' ' ~ ~ ? '
~ ~j 11yI-d . ~J :
of Fort Pierce . . . ~ . : : ;
'~~~y! '~n.~~.•.•
r ~ ~ ,~a
Checked B ~ ~ ~ J
v ~R .
- ~ ~ ~f 413 ~ .
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~5t"i~.:as- ' y' .sr^"~..~-~"d- ~ i ~
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a?€:^°r~~-~. ..w._ ~~~.s_