HomeMy WebLinkAbout0415 3. To pl~u u~d cominuously keep on tM buildinp~ now w Fnr~~fi~r '~itwte on ia~d land u~d on all aquipm~ef a~d p~nonal~y wvaed by thia map~
p~, wUh al) pr~miumf ther~on p+id in fut4 tir~ insu~~nc~ in th~ uiwl iundard policy fwm, in a aw+n +pp+oved by ~h~ MORiGAGEE. and windstwm
G+wru~a in tM usual aarxlad potky form, in • sum appro'vtd by tM MORTGAGEE, in wch oon+p+nY or c«^P+^i~s >M N?ORTGAGEE m~y
dk~dt a+d all fk~ and wi~~um inwranu . policies on any of aid buud~rps, .ny ioh.es~ ~Mr+in w part ~hsreof, Ni tM +~yreya~o avm afw~said a`
M~xc~a ~M+wf, ahall contaln tl» wwl ttandud mbr~~N ciaw~ a such otha da~s~ as tM MwtpapN may requw~. m+kir+y tM loss wxler s+~d po~F
ci~a, ~ach u~d ~wry. p+Yab1~ w said MORTGAGEE ~a iff intetNt may ~pp~a~, and ~ech and ~vay svch policy ~hall b~ promptly au:qned and d~iiv~red a
~ny hsW by ~aid MORTGAGEE u fv~ther stcu~ity ro uzd mwtya~ debt, s~+d. no~ ku th~n ~ee p0) days 1n ~dvance of ~M ~xpi~alion of each policy. ro d~- -
liwr ro said MORTGAGEt ~ ren~w~l th~raof, topad+K witb a rsc~ip~ fw tM pranivm ot ~ud~ nnewalj ~nd ~twn shall b~ no f'a~ « wi~?dsram insu~+nc~
pl~ad on +ey of saW builfii~ps. My lntaat tMr~ or put thHwf, u~s~ in tM fo?m ~nd with th~ bu payable as ~iasaid~ u+d In tM eva+l ~ny t~m
of mon~y becomss p~yabla v~sr such policy or policies saW MORTGAGEE shall Mv~ th~ opYan w r~teiw and apply tF?~ am~ on +ccov++t of iF?~ fndabted- .
tNas stcured har~by or to permit ~aid /MORTGAGORS ro rtceiv~ and us~ H ot any part thereof ia other purposcs, wi~hout ~he~ebi waiv~ny o. ~mpair-
Gg anY equify. li~n a ripht ~~der or by vktw of thb morty~~: and in d+~ ~vem sud lNORTGAGORS ahall fa ~ny r~awn fail to keep t!k a+id pr~mises so
iniw~d, or fail q daliver promptl~r ~~y of said policiai of inwranu to said MORTGACaEE. or f~il promptly to pay fully any p?~mi~m therefor w in a~y _
ns~et falt b q.fwm. diuharga. execvts, ~ff~ct. canpl~t~, comply viith and abid~ by N+is cown~M. or any paN herwf, said MORTGAGEE may plsc~ +nd
p~Y fa such irowanc~ or ~ny put thereof withart waivinp w ~ffedinp ~ny optbn, Il~o. pi+iry, o? rght u~ a by virtw of this Mwtpay~. ~nd the :
fvll amowu of each and twry wch paYment shall be u+unedytely dw and p+yabl~ ~nd shill bs+r interest from tiw d~ta thsrw( until peid at tl+~ ra~~ ot r, ~
nin~ pK cmtum p~? annum and togathe~ with such ioterest shsil b~ secu~ed by tlw IiM of tha mortppt.
1. To pamlt, cornnit w wffa no wa~t~, lmp~kment a d~terioration of said prop~rty a aeh? put thereof.
S. To pay all a~! slnpular the costs, charyes end ~xpee?se~,; includiny a reasonabl~ ~ttomey's fo~ and coits of abstrads of title, inturred a paid s1
any tln+e by s~id 1MORTGAGEE, bscavse or in the went of tM faelure on tM p~n of ~M uid MORTGAGOR to duly, promptly snd fully perform, discharg~
~xacut~. effed, complet~. comply with and abide by each ~nd every the itip~rt~tiw», +~reerrvmts, tonditans, snd oow~+on of iaid promiiwry note and this
mort~ye any a ~iths?. and said co~ts. cF~u~n and expenws, sach arw! wKy, shsll b~ inveediafely dw s~+d p~y~blet whetMr ot not thw~ bs noYr..a ds
m~nd, attempt to collect or s~it psndin~ and tM fvll amount of esch uid wery s~ch payme~+t ~hall bex iMer~st from the daq thereof vntil paid d th~
rate of nins per centum per annum; and all said costt, cMrpes arsd exptnses incvrred or paid, togtther with tuch i~terN1, shsll be secured by 1M lie~ of Mu
6. TMt (a) in th~ ewe~t of ~r?y breach of thii Matyay~ w defavlt on ths p+A of the MORTGAGOR, or (b) in t!w ~vem any of said awna of mo~ey
her~ r~fKr~d to be oot promptly and fu!!y paid within tiu?ty (30) days next after tF+~ :ame sevaally baconr dut ~~d Wyabk. withovt dNnand o~ raYite.
or W In the ewnt esch ind every ths stiputatioes, s9reemeon, cawlitiwa snd cove~a~n of sa;d promissory note ~nd tl?~s matgaye ary or either sr~ not
iu1y, prompty and fvlly perfwmed, dischar~ed. ezecuted, ~fiected, canpkted. complied with u~d abided Sy, tha+ i~ ~ither or any such ewnt tM said a¢
pre~sM wm n~mtaned in aid promissory note then remaieunp unpaid. with interest accrved, and all moneys secursd hereby. shall Fxcwne dw snd psy-
abl~ forthwith or tF~areaNer at tM option of asid MORTGAGEE, u fviy and compktely as if all of t1+e said wms of money were o~ipir?a0y stipulated
to be paid on wcA day, aaythinp ie~ said prom~sswy note a io this Mwtqa9e ro the conrrary notwithsar~dinp: and thsreupon or thereaher a~ t1a oprion of
•sid MORTGAGEE, witFaut not~ce w dem+r?d, wit ~t taw a in puiy, ther~fore or thereafie~ bspun, may bs prosecuted u if all nwneys secur~d hereby
had matvred prior fo ib irotitutia~.
7. Tlwt in ths event that at tF» begira~i~g of or ~t u~y time psndiny any wit upon 1hh Mortgsg~, w to faedose it. w ta refwm it, w to e~fwcs
paym~nl of sny clsims Aereunder, said MORTGAGEE shall apply to the Court havinq jwisd~ion thereof for 1M ~ppo~ntment of ~ Receiver. tuch Ca?n shall
fwthwith ~ppoiM a receiver of said mortpaged property all and sin~ular, irxl~d~ng all ~nd singulu the income, profifs, issuss and reveeues lrom whatsver
wu?ce derived, exh and evNy of whKh, it beirg ~xpreuly unders~ood, is hereby mortgsped ~s if spec~fically set forth and dewibed in the grs~~ing snd
habendum davses hereof, ~ed such Receiver shall have aIl the bosd snd effective funa~oru and powers in anywise emrwted by a Court to ~ Receiver, ar+d
such appointment sha11 be made by wd+ Court as +n admitted equity a~d ~ m~ner of ~bsotute rght to said MORTGAGEE. ad w~thout referer+ce to tM
adequscy w insdequacy of the wlue of the p~ope~ty mo?~9~yed o~ to ths whrency w insolve~cy of said MORTGAGOR a the defendants, and that svch ~
rents, profin, intoa?e, iuuea and tevenues shall be spplied by such Receiver atcordinq to tha lien or squiry o4 said AhORTGAGEE and the ptactite of such
Court.
S. To d~?ly. promptty snd fu{ly perform, disclmrge, execute, effect, oomplete, comply with ~nd abide by each ~nd ev~ty the stiputations, _ agresmenri.
conditions artd covenanrs in said promissory ~+ote and thif mortgage set forth. .
9. 7hat in tt~e eveM the ownenhip of ths mortga~ed premises, a a~y part thereof, becomes vested irt • penon other tMn the NIORTGAGOR, the
l~'.ORTGAGEE, its wccessora and auig~s, msy, without notice to the MORTGAOR, deal with such wcceua w successor in iMerest with reference to tha
mwtgage and the debt hereby secured in the same mame? u with Mortgagor without in any way vifiating w d~scharging ths Mortgagon' lisbility hera-
under or upon the debt Mereby secured. No sale of the premixs hereby mortgaged end no f«bearance on the p+h of ~he MORiGAGEE w ib succeswrs
or auigns and no exrensan of the time fo~ the psyment of tF~e debt he.eby secured given by the MORTGAGEE or in successors or assiyns, shall oper~is
ro release, disch~rye, modify_ change oi affect tM origirwl liability ot the MORTGAGOR hereiq, either in whole o? in ps~i.
10. It is specifically agreed that Y~me is of the eusnce a~thii contrsct and that no waiver of any obl'igaYwn hereunder or of the obliyetion sie-
cured hereby shall at ~ny lime thercafte? be held to be s waiver of the terrr?s hereof or of the instrwnem ~ecu~ed herby.
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11. In additan ro the forego:ng monthty psymenta~~~ princ:pal arxl inte~est reqvired by the promissory ~?ote secured FKreby, mortgagor covaunri
and agrees to pay to mortgagee with each monthly payment an add;~ional sum estimated by mortgagee to be eqwl to 1~12 of the annual tost Qf the fo1{ow-
A-All real property taxes lev~ed or assessed against the above described real estate.
B-Premiuma on fire and windstorm insur~nte as herrin required to be carried on the improvemcnts s+tvate on tt?e above dewibed premises.
C-Premiuma on such mwtgsge gwranty insuru~ce as mortgagee shall from t~me'to time deem fit to csrry on ths loa~ sewred hereby. ~
~ lYlortgagee shall from time to time ~otify morlg+gw u? writing of the amount dve and paysbk hereunder ared iuch sum shall therevpo~ be due and
j payabk on the due date of the next monthly payment and sach suctcssive month thereaher until mortgsgee shaN notify moregsgw of a change in such
f amount. S~th wms shall be appiicd by mortgagee toward the payment of real property faxes, inwronte prem~ums, and mortgsge guaranty inwrante .
` premiums.
. IN WIT13E55 11VHEREOF, the said MORTGAGOR has herevmo set his hand and seal the day and yesr finf aforesaid.
Siyned, Se ed and deli te. red in tM pra , of: ,L."~_
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- ~Seaq
STATE OFFIORIDA ~ ~
I.UCI@
COUMY OF $t • '
Befwe me personally sppeared Gerald T. English a~
Pa t r i e i a A. 82191 ~ S Yt . his w~fe, to me wel l knawn ~nd known to me to be
the indiridwls described ii? and who executed tM fore9oirg instrvm~ny aqd scknowla+loed before me that tMy executed the sams fa the purposes
r~,~«M .~a~a. a~a tr~ Patricia A. English
w~fe of the ,~~a Gerald T. ne~lish a sep~r~te and priwt~
examinstwo by me ta4en separate snd ~psrt from her said h~aband, sduwwtedyed ro and befors me th+t sM executed said instrument freety and voluo-
rarily snd witFwut any compulsion, constraint, ~ppreherpion, or feu of or from t~ef ssid Fws~nd. '4
WITNESS my hand and official seal this 24th ~y of OCtOb A 0. 19
~ f~~EO a~a ~~c~ROEo
s . ~uc~E couN f
No»ryr Public in w the ate of Haida at Lu
~ ~oc~~ Poiza~s ~
CLERK Ct3CUR COl3RT My Comm~uion e ires: . ~~NM1t11111!~¢4.
Retum Ta qECDitQ L'£~'AIED ' S ?9'~~ •
First Federal Savings 6 loan Association ~ ~_~~J~,.•~"•~-•i;
Of Fo?t Pierce. * y ~ ~C p~ ~F^' . ' ~'a ~
Fort Pierce. Florida ~jl ~ ~ ~ ~.;~iF~',c~ -an~'i.o.~ '
ro .Ci'~ ~
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This Instrument Prepared By Richard K. Kayes ~
First Federal Savings ~ laan ~atip ~J:,~ d~•;;•••
of Fort Pierce ~ ~ori~:
'!~~//NNMtN K`Mi~
Chedced By
PACE
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