HomeMy WebLinkAbout0609 9. To plu~ a~d con~inuou~ly keep on the bu~!dingi now o~ hereafttr tit~~te on ~aid land and on alI equip+xN a~d pasona~ly cov~rad by this ma1g~ ;
ay~, with ~II premiums lhcrson pa~d ie fuii, fire i~surant~ in tM ~swl sr+ndxd polity fam, in a sum app~oved by tM MORTGAGEE, snd wi~d~torm *
inswu~n in tM uwal ~~andard pot~cy (am, i~ • sum ~pproved by tM 11I10RTGAGEE. le s~ch company or comp+nip as tht MORTGAGEE m+y
d'u~ctl u~d ail fK~ and w~~~orm irNUrance poliues on any of f~id bui~di~ps, any MMrpt tl~tein or pa?~ tFarao}, fn the aggreyat~ avn+ ~foresa~d or
in ~zcets Ihersof, thail cont~in the uswl itandud mat9apa~ claua~ a iuch otha cl~~s~ a ~hs Matpa9se may rpv'a~, maki~p ths lou under ~a~d po1F
cie~. each and ~vay. paYabl~ to said MQRtGAGEE ~s its intere~l may ~ppea~, and each and every t~cF~ policy shall be promp~ly ~u:yned and deliverad to
any Mld by said NWRTGAGEE +s further ~ecuriry to s+id matys~ debt, +nd. nW Itss ~h+n ~M (10) days In +dvanca ol the ~xpiratron of each policy. ~o d~
IivN ro Nid MORiGAGEE ~ rMewal thereof, topelhK with a rKSipt fw tM pr~m~um oi ~~th renewalj snd Ihere ~SII b~ no fire w windsto~m insurant~
plapd on any of iaid buildings, any interest therein o~'p~rt ther~of~ vrdess in ~iw (orm u~d wilh tFM loss paY~bk ~i afaet+id: +^d I^ tM evsn~ any twn
of ~nonsy becomes payable u~de? such policy or polKhs s+id AAORTGAGEE sha11 haw ?M option ro raceiv~ and apply tM i+rrw o~ +ccount of 1M ir~debted~
~eu secvred hereby a to pe?mit said MORTGAGORS to receiw ~nd us~ it p any part tMreof ia other pu~pous, without Ih:rebr waivi~~g w unpa~?-
iny any eqvity, lian a riyht ue~der or by, virtw of tlw mortpag~r a+d in the even~ a~d MORTGAGORS ihsll tor any ~eawn fail to keap tha s+id prNniin a .
inwred, w fsil b deliva. promptly any of said policies of intu~anc~ ro said MORTGAGEE, or fiil promptly to p+y futly ~ny premiwn tl+e~efor u in a~y
respect fail to pe~fam, diuhargs, executs, effect, complete, comply with and ~bid~ by this coveoan4 w s~Y Pa~t herw(, said MORTGAGEE may placa and
paY fa iuch imurance w ~ny part 1Mreof wi~hout waivinp a~ffsclirq any option, liM, puity. w ripfif under w by virtw of this Mort~a~~. end the
full smount of each and ewry such paymem sMll be immediately dw u~d p+yable ~nd a!?~II b~+r i~terul f~om tM dat~ Ihereo( until paid a~ tht rat~ 01
nint Fer ce~tum per annvm and to~e~her with uxh interest shall be secwed by the li~n of this mat~+ge.
4. To p~rmit, carunit a suftar no wute, lmpaimxM or deterar+~ion of iaid propsrty or a~Y Wrt the~sof-
5. To pay all s~d sinyul~r the cosn, cM~yes snd expcnses, includirg a ~easonabk ~nomey i fee and costs of abstracts of title, ii+curred a pa+d
any time by said MORiGAGfE, becauss or in the evenf of the failvre on tF+e paN of tM ss~d MORTGAGOR-w duly, promptly and fully pa(wm, dixhargs.
execute, effect. compkte. complY with arx! abide by each ~nd eve?y the stipulations, ~greements, tonditiaq, and ooven~~~s of sa~d prom~uory note and ~hu
matyape ~ny a ei~i+er, snd said costs, chuges and expe~+sas, each and every. ihall be immediately due ~nd payable: whether w not there be ~~ice de~
mand, +nempt to colkct w wit pending: and the full amo~?nt of sach an~ rvery svch paymem ~hall bea~ interest from fhs date thereof until paid af the
rate of nine per cenwm per mnum; a~d atl said tosts, thuges and exptnses incurred w p~id, together with suth interett, thall 6e setured by 1M lien of this :
mort~ap~~ i
6. That (a) in the event of any brtach of this Mortgap~ a default on the part of the AAORTGAGOR, o~ (b) in ths event any of sscd surt+s of mo~ey i
he~eln referr~d ro b~ not prompfly a~d fvlly paid within th'aty (30) daya next afte~ 1l+e same se~rerally become ~Iw ~nd p+y+ble. witlaul damand or notice. i
or in the event each and every the stipvlati«u, agreemehfs, tonditiont uHl covenann of sa~d prom~uwy note and th+s mortyaQe a~y a e~~her +re nW ~
iulY, promptly +~d fully perfamed, discharged, ezecuted, effecfed, canpleted. complied with and ~bided by. then i~ either ot ~ny such evenl the sa~d a¢ t
g~egale sum meManed i~ said prwn~ssory ~ote the~ remaining unpaid. with interest atuued, and atl moneys setured F~eby. ahall betom~ dw and pay~ j
able forthwith, or thereaftea, at the option of uid MORTGAGEE, u fvlly and completely as if all of the said wms of money were ai9~n~liy ~tiputeted ~
to be paid on wch day, a~ything in sa~d promissory iwte or in this Mwtgage to the contrsry notwithstsnding; and thereupon w thareafter at the option of
~'sa+3 tAvRT
;'.~f~ waiF,au! re:,t~ ~~~::~ar.d, svi! at lavr er +et=e~!•~*y, +~•~as or tF+ereafter beov~.' m~y be prosecutcd as if all moneys secured haeby
had maturcd prwr to its ir?stitvtion.
7. Thst in tM avent that st the beginning of or ~t any tims pendiny ~ny su~t upon this Mortgsge, u to fwecbse it, w to refam it, o? to enfwcs
payme~l of ~ny claims hereunder, said N10RTGAGEf sMI! ~pply to the Co~rr1 having jurisdiction thereaf fw the appantmcnt of ~ Receiver, such Cou~t shail
fwthwith sp~wiot a teceiwr of said mat~aged ptopertY ~II and sirgular, includ~ng all and sir?gular tMe .intome. profib. iuues ~nd ?evenves from whatever
source derived, each and ~very of whKh, it bei++p eapressly unders~ood, is hereby mortgaged ss if specifically set fa+h and desuibed in the ~ranting and
habendum dauses hereof, aad such Receiver shall F?ive all the Fxoad and eftective funct~oas snd powers in anyvrise e~trwted by + Cou?t to • Receiver, and
s~ch sp{wintment shall be made by uxh Cowt u.an admitted equity and a matter of absol~te rigM fo ~ssid MORTGAGEEaud withoul reference to tM
adequacy a inadequacy of the wlue of the p~operty mw~yaped or ~o the wwency or insolvency ~f said MORTGAGOR a the defendants, and that such F
ren~s, profiK, income. isvxs and nvaxres shatl 6e +pplied by such Receiver accading fo the 1'~en a eqvity oi said MORiGAGEE and ~he practice of such
Coutt. -
8. To duly, promptly arsd fulFy : arfo~m, d'+xharge, exec~fe, effect, compkte, comply with s~d abide by each ~nd every the stipulations, agrcemen», _
condifions and covcnanrs in sa~d promissory nore and this mortgage ut fa~h.
9. ThsY in the eveM the ownenhip of the mortgaged premises. or any pa~t thereof, becomes vested in s penon other than the MORTGAGOR, the"
MORTGAGEE. Ns svccesson and au~gns, may, wi+hout notice to the MORTGAOR, drat with such successor a successor in interest with refe.e~ue to tha
mortgage and the debt hereby secured in the same manner as w~th Mortgagw without in any way vitiati~g w diuhuging the Mwtgsgors' lisbility herr
under w upon the debt hereby secwed. No sak of the premises hereby mortgaged and no fwbear~nce on the pan of the MORTGAGEE or its successon
or auigns a~d no extens:on ot the time for the payment of fhe debt hereby secured yiven by the MORTGAGEE or in successon or suigns, shall operate
to release, diuharye, modify ch~nge w affect the orig~nal_IiabJity of the MORTGAGOR he~ein, either in whole or 1~ put.
10. h is specifically agreed that time is of the essence of tnis contac~ ar~ t~+si rw w.i.:er ai er~y w~:as=:~= =`:e==:~:~'. v= z-`• =~K yv!=i~-=~'M
cured hersby shall at any t~ne thereafter be held to be a wairer of the terms hereof w of the insuvme~t secured herby. -
11. In addrtion ~o the forego:ng monthly payments of princ:pal and interest required by the promissory note secured hereby, mortgagor cove~anb
and ~grees to pay to mortgagee with each monthiy payment an add~rionsl sum estimated by mwtgagee to be eqval fo 1 f 12 of the annual cost of the follow-
s~: -
A-All real property taxes levied w assessed against the above described real estate.
B-Premiums on fire and windstorm insurance as herein requ~red to lx carried on the improvements situate on the above desvibed premises_
C-Prerniums on such mortgage guaranty insurarKe as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby.
j JNortgsgee sF+sll Erom time to time ratify mortgagor in writing of the amount due and paysble Fxreunder and such sum shall thereupon be due and
~ payable on the due date of tfie next monthly payment and each successive month thereafter ur.til mortgagee shall notifY mor~9a9a of s change in such
~ amount. Such sums sF.all be applied by mortgagee foward the payment of real property taxes, inwrarxe prem:ums, and mortgage guaranty insu~snce
j premiums.
' IN WITNE55 WHEREOF, the sa~d MOATGAGOR has hereunto set his hand and seal the day and yesr fint sfwcsaid r
i Sigoed, Sealed and delivered in the presente oE: flLED Alt~ RECORDE~ l
ST.IUCt[ GOUNTY FLA. 'I~ W ,q
ROGEt~ p•)iTR~S ~ ~ -
CLERK L':~:~iJ13 COURt '
RFCOR~ VE-: F.En v ~s~.q
L' (~C 3 9 04 AH'7~ ~a~
STATE OF FLORIDA ~ '
courm oF st . Luc e i~~4/~ ~
Befwe me pcnonally eppeared ~'+~g lte r J. W i 1 s on and
Ge ra ld ine M. W 1 SOiI his w;fe, to me well known ~nd known to me to be
the individvab destribed i~ snd who ex ed the fq~ga ny trwQ~~, and ackiwwiedged before me that they executed the same for the pvrposes
rherein expressed. Md the seid ~ r81a 1~ W 11SOII .
w~fe of the .~~a Walter J. Wilson „p«, a separete and privat~
e,cam~nat~on by me taken separate and apah from her said husband, acknowledged to a~?d before me that she e:ecvted said irntrument freely and voluo-
rarily and without a~y compuision, constraint, appK,FjGns~on, w feu of w fran ber ssid husband. 74
WITNESS my hand and official s~al this L~JL[t day of ivovemder A~.
; Notary Publ'K in and for t State Florida
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~ My Commiuion expires: .~ttllfu!t~:r; -
~ Return To: - J~ ~
• ~ '
First Federsl Savings 3 loan Associat;on ;:^TARY Pl'^,.^.ST,?,•f c~QJ?'~t1~~E; ~ .
Of Fort Pierce. •.i ~ . . ~ c ' Fi ;~1f~i- •1~577 - r
Fort Pierc~. Flo?ida ~~`'c'~'~ ~y ,~"u''~ ~1}~ t,7•~~~va ~
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, . '.tS~ G ~ r
This Instrument Prepared By Richard K. KA}~eS
first Federal Savings b Loan Association %:b '••:::.:•s' Gt
of Fort Pierce ' Flor ida ~ a~~i~E
0 R ,~h~~~~~ii~z~;r.~.~ti++`'
Checked By ~ 80GK~~ ~
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