HomeMy WebLinkAbout0417 To plac~ ar?d con:inuoualy keep on tM buitdirgs now a h~reafta siluah o~ said la~d ar+d on ~q equipmtnt u+d ptraon+~iy tovKed by ihi~ ~nap~
a~, witl~ all prtmium~ ilureo~ p+~d ir+ fufl, fire insuranc~ ~n ~Fw uaval itanda:~ policy torm, in • sum app~
~y11110RiG~GE~~ GAGEE~t~n+y
Insuranc~ in tM ~swl s~snds~d pol~cy iam, in a s.um approved by ~hs MORTGAGEE, in wch company `
directJ ~nd dl fk~ u+A winds~orm i~iuranc~ poliue+, a+ any of ioid bu~ld~nys, any interost therein or part ther~of, in th~ a~rpat~ wm ~Iptsaid ot R
in ~xcess Ihe~eof, s!?sll ca+t~In the usuat ttandard mor~gagae clavse a iuch othe~ tlsuN ~3 tAO MOf1~~gN may ~~qv~n. mal{rp ths bas w~der s~+d Po~i~ `
cies. each and evtrY. P+Y+bI~ ro said 7~?ORTGAGEE a i~s in~erest m~y ~pp~ar, and each and every svcA policy ~hall be p?anptly ass:g^ed +"d delive~ed ~o
•ny Mld by_ uid MORTvAGEE ~s further security to said mori9aye deb1. ~nd. na teu than ten (10) days i~ ~dvanc~ of tM expir~twn of ~~ch polky, to dr "
i~ver to sald MORTGAGEE s renewal thereof. tope~he~ with a rKaipt fo~ the p+emiu~n of wth renswal; and ther~ shall be no fire o+ wind~twm insvranu ~
plaad on ~~y of s~id b~+ldi~. any interest the~~in ot pa~t thacof, unless in +he fprm and with th~ loss p+Y+ble as afwtsaidi ~nd in ~h~ event sny swe
of mon~y bccomes p+ya6k unde+ wch po1~q? w PolKies said MORTGAGfE shall M~~ tM option ~o tetaiw a~d apply Ih~ samt oe accw+M ot tF?~ Indsbt~ ~
neu sKUred horeby or ro pe~mit said MORTGAGORS ~o reGave and ~1~ it a any parr thereof fw othur purposes, without IharEb~ waiveny a impair- '
;np any pu;ty, I;e~ or riqhl under or hy virtw o1 thii mortgage; ~nd 9n the ave~t uid MORTGAGORS shs~~-fot ~ny reawn fail t0 keep Ihe ~aid pnmises so
insured, or fail ro deliver pranptlY ~nY Of said W~K+=s of inwrance to said MORTGAGEE, w,fai: p+omptly fo pay fvlty eny. premiwn ~herefw w i~ ~~y
respact lail 1o perfam, dischargs, execWe, effecl, complet~, comptY with snd ab~de by th~s tovenant, or any part hereof, ssid MORTGAGEE 11NY P~K! iM~
pay fw s•xh insurancs o~ any p~rt thereof withoul w~ivinp or afiedinp s~y op~im+. ~ia~. eq~~hl• a rigM undet o~ by virtw of this Morlqa9e. and tM y;
full ~mount of each and every svch payment shall be immedi+te~y due si+d payable and shall btsr interasl from the dat~ thereof until paid at th~ raq ol
n~ne per ceatum per annum and to~ether with such interest shali be sacu~ed by the iie~ of th~i mortflsge•
1. To permit, commit w wffer no waste, impairmenl a dete~ioratiwi of said property a+ny psA the~oof.
S. To pay all u~d singuls~ ~he costs. char9es snd expenset. includ'+np a ressonabk anwney i fee snd coils of abstr~tts of titlt. incvrr~d w p~id ~t
any time by said MORTGAGEE, because o~ in 1he event of the failure on thc part of ~he said MORTGAGOR ro duly, prompNy and fvlly psrfwm, di~chugR
execute, effed, complete, comply with e++d ab~de by each a~ avery the ~t~pu~+t~ons, agreeme~ts, conditions. +nd mve^+nn o~ said pra*~iuory note ~nd this
mortgayo any w ei~her. and u~d costs, ci~a.g~s and eapenses, exfi snd ~vay. shall be ~mmed~strly due and payabk: whetha or not thare be no~KS df
mar.d, stt~mpl ro to{kst or wit pe+xlir+g; and ~he full amount of each and eve.y such payment shall bea~ interest irain IM dare thtreof eintil p~id at the.
r~re of oine psr centum per an+wm; and all said cosis, charges and expenses intu~red o? pa+d, topefhei with euth inlaest, ~hal1 b~ ucured by tM liee of thia
mort9pa -
Q TF?st (s) in the event of any txexh oi this Nbrtga9e or deiau:t on the part of the MORTGAGOR, or (b) in tM event ~ny of s~+d svmf of money
herein referred ro be n01 promptlY and fully paid within thir~y (30) days next aiter ~he wma severatly becon~e dus and payabl~, withoul dem~~d or notite,
or (c) i~ the event each and every the stipulations, a9rcemenn, conditio~s and covenann of sa~d promiswry note snd tFus matpape s~y o? ather ~re nol
iu'y, promptly and Futly periormed, dtichargrd, cxecuted, effec?ed, compteted, comp~~ed with and abided by, then in either or any wch event the s+id ap-
~'9nte sum mentaned ia said prom~ssory note then ~avrwining unpaid, with intr~es~ accrur~, and all moneys secu?ed hereby, ah~ll becoms dw +nd p+y-
3~:e fwthwlth, w thereaftc?, ~t the option of said MORTGAGEE, as folty a~d compieseiy as ii •fl of the wid wms of monty we~~ ori~inally slipulatcd
fo be paid on s~ch day, anythirg in sa~d pian~ssary note a in Ihis Mwigage ro Ihe cont.ary notwithstsnding: and thertripp~ ot the~eafte~ ~t the oplion of
s>.~d MORTGAGEE, without notice w demarid, su+t at law or in equity, there(we w Ihereaiter begvn, may be prosatvled +t ff~~) ~~~11~ s~+~~ ~eby
had matwed ptWr to its institutioi?.
7. That in the eve~t that at the beginn+ng of a at any ti~ns pending any suit upon thia M.ortgage. or ro fwectoi. h, w fo nfam if, w to enforce
payment of any claims hrreunder, sa~d MORTGAG=E sMll epply to the Coun havir.g ju:~sd€ct+on thereof ip the appointmenf of a Reteiver, svth Court shai~
forthwith appoint s receiver of said mortga~ed property a!i and s~~gvla~, includ ng ail and singuiar the incon+e, profits, issues u~d r~venues from whatever
so~rce derived, each snd every of wh~ch, it be~~g expressty understood, is hrreby morrgaged as if speciiicaily set f«th and desv~bed 6+ the Qr+m~^9 +^d _
'r..3bendum ciauses hereof, and such Receiver sha:l have sli fhe b~oad and effect~ve funct~ons and powe~s i~ anywise entrusted by a Court to s Receive~, and
s::ch appointment shatl be mede by such Cou+t as an aom~ltcu r~~~~y a~~3 a, r.at:a; af arso•vt= r~gh! !o seed MORTGACtEE, and witFwut reference to tM
adequaq w inadequacy of the valve af the property mortgaged or ib rhe soivFncy or ~nsotve:icy OE" said MORTG/IGOR o~ the defendants, snd that such
re~~s, profiu, income, issues and rwsnues ~hall be eppiied hy svd+ Reca+v« according to_~M lien or puity of sald INORTCaAC~EE and ~he practice of.such
CovA. . - ,
8. To d~ty, promptfy and~ fully perform, dixharge, execute, etfect, com{~lete, comply with and abide by eath u~d ~very ths stipulaYwns, agreemenb,
conditions and covenants in_aa~d promissory note and th;s mortgage set fortli. ,
9. That in tAe event the ownership of ihe mortgaged premises, w a~y part thereof, becomes vested In a penon o/her fhse the MORTGAGOR, tM
!~'.~RTGAGEE, its svcceuws and ass;gns~ may, wiriwut not+ce to the MORTGAOR, d'cal wi~h such wtceuor at wueuor in interest with roference to thu
r-.o.tgage and the debt hereby secured in the samt manner as with Mo~tgayw withovt in aqy way vitiatitg d distharpiny f1~s Mortyagort' liabilify her~-
~nder a upon the debt hereby secu~ed. No sale of the Frem~ses heroby mcrtgaged and no forbearanoe on the part o( ths MORTGAGEE or its successon
or ass~gns and no e~tension of tFx +ime for tite payment of the deb~ hereby secured given by Ihr MORiGAGEE o~ iri suctessots or +ssgns, s~'~+~~ oPerat~ `
~o rofease, d~scharge, rtadify change w affect the original liauiliry of the MORTGAGOR herein, either in whole or in part.
10. It is specifics8y agreed tt~at tCmt is of the esunce of this coMrsu and that.no waiver of any obliyation hereunder a? of ths oblgstion st
c~red i?zreby shali at any tune thereafier be heid to be a waiver of the te~ms hereof or ~o} the instrument secured he*by.
11. In addrtio~ to the forego'~g rnonthly paymems of prin~ pa1 and intereat required by the promiuory ~ote sccured hereby, mortgagor toven~nts
a:~d agrees to pay ro mortgagee with eacfi rnwitFriy payment an addirional sum estimated.by mongagee to !x eqi+a! b 1/14 of the annual tost oi the follow-
~n~: . . , - _ . . ~ ' - ~ - -
AfAtI reel property laxes levied er.assessed agai~s: ~c above dest~ibed red estate. .
B-Prrmiur.~s on f'ue ~.d wit~ditorm irsurarce as herein requ:red to be carr~ed on the impfoveme.~ts sitwte on tfie ~bov8 dssvibed ptanises.
~ C-Premiums on such mortgage gua+ar.ty icsura~~ce as mortgagee shail from rme to time deem fit to car?y on the tosn secured hereby.
j Mortgagee s?wll from t~me to ~~me nor~fy mo:tgagor ~o wr~t~ng of the aTOUnt due and payable he~eundrr and such wm shal! thereupo~ be d~e and
~ ; syabfe en ~he due de?e o# tiu next monsh:y pnyment and each successive month fhereaf~er ur,iil mortgagee shall notify mortgagor of a charge in sud+
~ a-~oJnt. Such sums shall be app4ied by mortgagae ttr+va+d ~he payment of real property !axes, insvrance prem:ums, and morigage guannty imwance
~ :remiums. _ -
IN WITNESS WHEREOF, the sa~d MORiGAGOR has he+e~nto set his hand and seal the day snd yeu first aforesaid.
Sigr?ed, Sealed and detivered in the p~esence o4:
~n
aw, asngeau n
~
- ~ ~ er,.a~ng an n
-
:+ATE QFfLORIDA ~ ~
St. Lucie
couNrY oF - .
Befote me personally appeared _ ~S $!ldM~s S~I1gl~ Ad111t and
- Lee Shl~er ~ a single adult ~mnoorc Wau known ~~a kno~n+ +o me +o b.
r~z indiv;duals desuibed in and who executed ths fwega~y instrument, ~nd.ackn4wledped before me that they exacuted the wme for the pvrposes
i',erein exptessed.
WITNESS my hand ~nd official seal this Z~th day of ~'~b@r p, i9 74
• f _
~ E~
IUCiE D REC ROE ~
tary Public in and for tFro St of flor' 1~
~ti 1~~~
~ ROCER POITilAS y ~mm~u'ar. e:pirea: ~ ~h~~~.~i' .~.~~4~
J. F~DZb88 CLERK CIRCUIT COiJ~~ . n~ .(5.,~
Retum To: w=• ~ .
~int Federal Savingf 3 Loan ns~«;at+o~ ~ RECORO YER~fIED.~.~~~ n~S ~n ~i'
of Fo~t P,erce~ F1ol~d!? 33450 ~7 . , .
Port Pierce. Ftwida ~ ~ _ ?i : ~ ~ ' ~1~~• ` J % - -
- ; ~ ; v ~ S ~ . .
_ ..~~Oa•O~-
, ' ` '.l
~940'rg ~ ~d L. : ~ ? .
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This Instrument Prepared By ~ ~ ~
' = j ;,.Ca R`,~'~•
First Federal Savings & Loan Association
of Fort Pierce '~`t~'!""'~"';`~
~ `r ~ '(l .
Checked By , ~ "
~ oK 2~3 41'7
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_ ,
~ + ~
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