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HomeMy WebLinkAbout2675 To plac~ ~nd conli~?iwusly keep on tM buitd~nys now a F+~reattK ~twt~ on said land ~nd on ~II equipm~nt u+d perwnally cov~rad by thit rt~at¢ y~. with dl pr~miums thereon paid in f~il, firo insurence in 1Fro utwl itandard poiKy iam. in a sum ~pprov~d by tM htOR~vAGEf, sr.d arir+dstwm ieqw~nc~ i~ t!» wwl sundard pol~cy forrn, in ~ sum approved by th~ MORTGAGEf, in wsk- canp+ny or comP+ni~, ~s tM MORTGAGEE m~y dw~ctt and all fu~ a~d w~dstonr? intur~nc~ policies on any of said lwild~rqs, ~ny in~~~t tFwei~ a parl ~Mrwf, ir? tM +~rey~te sum ~ta~~aid a . M~xceas ~Mreoi, shall contain tM usual s~andud rt+ortga~ clavse w such otMr clauu ai th~ MatpapN may reqv~n. makinp th~ lou u.~dM s+~d po~i~ ~ ci~s. each and swry. paYabt~ to s~fd M~RTGAGEE as it~ inte~est maY +pp~u. ~nd e~ch ~nd tvery t~+ch policy shall b~ promptly ~u.y~xd and d~tive~ed to ~ny Mld by s~id MORiGAGEE as (wthsr sxurity to s+id mort9a~ debt, ~nd, not I~u tha~ tM (10) days in advanu of tM ~xpird'wn of eath policy, fo d~ IivN to said MORTGAGEE • renewal ther~of, 1op~thN with • nteipt for the pr~mi~m of wth rtnewalj and tf+~n shall b~ irw f~r~ or windstam insurana - pl~pd on any of s+1d buildirgs, a~y IntKe~t tMr~in w p+rt ther~of, unku i~ tM form and witA tM los~ p+yebl~ as afaesaidt snd In the •venl any :um of monty bccarM~ psyabt~ u~da ~uch policy w policiss said MORTGAGEE ihall haw th~ optioei ro rec~~w u~d apply ~he ume on ~ccount of ~he ind+b~ed~ oea s~cwed Mr~by o~ ro~permit said MORTGAGORS ro ~ecsiv~ and use it or any part thcreof fw o~her purposes, without the.Eb~ waiving or m~pair• inp ~ny pvity, lien or +i9ht unda w by virtw of this morty~ye; ~nd in tM ~vent ~a+d MORTGAGORS shall (a any reawn fail ro keep tM wid premiies so inwred, o~ fail b d~liva promptly any of faid POlitiq of iraurance to said MORTGAGEE, o? i~il promptly fo pay fvlly ~ny p?em~um therefw a in a~y r~sp~ct (~il to p~+(w~n, discMrqe. ~xecute. eft~c/. tomplefs. canp~y with and ~bid~ by this oovenuN, a•~y o+~~ h.reof, taid MORTGAGEE may placa and ~ paY for wch ~mweoc. o. a~y P+n ~he~eof without waivie?p a afixtiop any option,-li~~, puity, o~ ryhf ~nder or by virtw of this Mort9age. ~nd ths ~ fult amo~M oi sach and ~wry such paymenf sF++ll b~ invaedi~ttly dw aod payabl~ ~nd ih~ll be~r inte~eit from tM dat~ ths~eof until paid at ths ret~ ol ~ nine per ce~wm per +nnum and topethe~ with such intereit ihal~ b~ sccured by tM Ii~n of thi~ morty+pe. i thereof. ~ 1. To pKmit, oomrnit or suff~r no wu~~. MnWirment a deterioration of tsid ptoperty or anY parf 5. To pay dl and si~gvla~ the cost~, chupes u~d expenses, includinQ a reasonabk anwney's fee ~nd costs of abitracts of titfe, incwred a paid at ~ any time by iaid MORTGAGEE, bec~use or in tM +vent of the failurt on 1Fr ps~t of tM ssld MORTGAGOR ro duly, promptty and fully perform, diuharqa, execv». ~ffect. compkt~, comply with a~d abtd~ by aach u+d wery the stipulataen, ag~eemann, condi~ion~, +nd covenann of said promiuory note and this ~ mortype any a~i?ha. snd iaid cosn, chu9es ~nd exp~nses, e+ch and ~very. ~MII be immediately due and p~yable: whetF?~r a nof ~he.~ b~ notks d~ m~nd. anempt 1o collect or wit pend'ing; and tF» t~ll amo~nl of ~ach a~d every wch p~ym~n1 ahall bear interes~ from the daf~ thereof until p~id N ti» ~ rate of nine per centum per u~~~um; and all iaid costs, charpes and cxpenses incurred w paid, togetlxr with axh intereit, shall b~ secured b~l ths lien of this ; mottyape. 6. That (a) in tbe ewM of any bre~ch of this ~Illwtysge or defs~tt on tFr pan of tF~ AAORTGAGOR, w(b) in tM ~ve+~t sny of sa~d wma of naney hcrein refe~red ro be ~?ot p?omptly snd fvlly paid within thirty (30) dap next after tht same severatly becom~ dw +nd payable. wi~Faut demand a notice, or (cj in the event each ~nd every Ihe stipulations ~grtements, conditions and coven~nts of Hid promisswy r?ote snd th~s mortqape any w eithe~ +re not iuly, prompNy and fully perfwmed, d'+xFwr9ed, exec~ted, effected, compteted, complied with snd ab~ded by, then in e~ther ~x any iuch event the aid ag gregste wm menta~ed in said promissory note then remainirg uapaid, with interest ~tcrued, and all moneri sat~rtd hereby, shall beton?e dw and psy- able fathwith, or thereaher, ~t the option of said MORTGAGEE, as fv1ly and comple~ely u if sll of the wid wms of money were wigirully itiputated ro be paid an s::ch day, snythir+p ir+ sa:d promiuory note w in thes MortQage to the cororary notwithst~ndi~g: and there.rpon w thc~eafte~ at the op~ion of sald MORTGAGEE, withouf ~otice o' demaod, suit at taw a tn equity, therefwe or thensfter beg~n, mar be proaecvted as ii all ~noneys s~cw~d hsreby had rt~wred ptior to its ir?stitution. 7. That in the evrnt that st tF+e beginning of w at any time pending any wit ~pon this Mortgage, o? to fweclose it, or to retorm it, or to enforte paymeM of any daims hereunder, said N10RTGAGEE shall spply to the Coun having juriadiction thereof fw the appoin?ment of a Receiver, such Court shall forthwith sppoint a receiver of said mwtgaged property all and singvla?, includ~ng all and sinyular the income, qofits, issues and revenues from whatever wurce derived, each and every-of which, i~ be:np expressly understoqd, is hereby mort9sged as if specufically tet fwth and deecribed fn the 9renfiny and habendum clauses hereof, and such Receiver sMll have ~II the b?oad and effective funct~ons and powers in aoywise antr~sted by a Co~rt ro a Receiver, snd :~ch sppoi~tmenl thalt be made by such Cowt as an admitted equity and a malte~ of absolute rigM to s~id MORTGAGEE, and without refererxe to the edequacy or inadeqvacy of tFia valve of the prope~ty mo~tgaged or to the sotver+cy w insolverKy of said N10RTGAGOR p the defendann, and that such renn, profits, income, iuves and revenuss sh~ll be applied by svch Receiver accudin9 to tM lien or equity of said MORiGAGEE and the practice of such Court. 8. To dvly, promptly and fully pe?form, diuharye, execute, eftect, complete, comply with and sbide by each and ~vcry the stipulations, ~greements, conditio~a snd coven~nts in sa~d pranissory note snd this mortgage set fwtR - t 4 9. TFut in the event the ownenhip of the mwt9agrd preeniaes, w arry paA thereof, becanes vested in ~ penon othsr thaa. the MORTGAGOR, ths ~ MORTGAGEE, its successors and assigns, m+y, without notice to the MORTGAOR, deal with such s~ccessor pr suttassor in i++terest wi~h reference to this t morfgage and the debl hereby aecured in the same ma~v+e~ as with'Matgagor without in any way vitiating or dixharging ths Mwt~agors' liabi~iry hcra under w upon the debt hereby secured. No ssle of the premises hereby ~rwrtg+ged and ra forbearance on the pan o( the MORTGAGEE or its successon or suig~ snd no ex~ension of the time fw the payment of the debt hereby secu.ed ~given by ~he MORTGAGEE or its succeuws w ~uigns, shail operate ro release, discharye, modify change. a affect the original liab;lity of the MORiGAGOR huein, either in whoie w in put. 10. h is spec~ficatly agreed that timc is of the euence of this ca?tr~ct and thst no waiver of any obligatan hereundcr or of ths obl'igstion sr cured Mreby shall at any time thereafter be heid to be a w~iver of the tcrms hereof w of the instrumeM secwed he~by. I1. In addition to the fwego:ng monthly payments of p~irx:pal and imerest required by the promisswy note secured hereby, rtwrtgagor covenants an~ agrees to pay to mortgagee with cach monthly payment an addi~ionsl sum estimated by mwtgagee to be equal to 1/12 of the annual cost of the follow- ing. . A-Al) real property taxes levied or assessed against the above deu~ibed reat estata B-Premiums on fire and windstorm i~surance as herein requ~red to be tarried on the improvements •itvate on the sbove described premises. C-Prcm7ums on such mongage guaranry insurar~ce u mortgagee shall from time ro time deem fit to csrry o~ the {oan secured hereby. AAortgagee shall from time to time notify mwtgagor in w?iting of the amount due and paysble hereunder snd suth wm shall thereupon be due snd ~ payabk on tfie due date of the neat rtwnthly paymeM and exh succesaive mw?th thereafter ur.til mortgsgee shall n6tify rtwrtgagw of a chanpe in such ~ amovnt. S~th sums shall be applied by mwtgsgee toward the payment of real property taxes, insvrante premtums, and mortgsge guaranty insurance premiums. - ~ IN WITNESS VYHEREOf, the said MORTGAGOR has hereunto xt his hand and seat the dey a yeu first aforesaid. Signed. Seakd aad delivered in the presence of: ~ _ ~ a~ - ~n 5TATE OF fIORIDA ~ - courm oF St. Lucie ~ e~f«e ~~~sor?~~~y ~p~ar~d Catlolyll Sue Thomas, a sinale adult --~-~~~---~-~-~~~~~-~~~-----~-~~~~~---~------~~-~~luswife, to me well known snd known to me to be the ind;vidwl described in snd who executed the fwepoi.g instrument, and sdcnowtedged beforo ms that She executed the sams fo~ the purposes fhereie~ expressed. 7lIR!'1!1!'f11~'~~~~~~~~~~~~~~~~~~~~~~~ '7J~f~OF'T!1!'~Q'~~~~~~~_~ ti+~+l~wt~prl+a~r' Y 7lsTIRl11A1~ 111R 7l~LR ~~I}~f/Oq1~IR~1~ {IU~f1d ~1011~'~OrR 1llr 1f111'!}I! t~lR7!!~ lII~M~~~ ~1l~ 10~{711~ '~aril'~~17d-vrhlrOOf~ty'lORfpONlOlrlOlRfrik11~7~R~Rf1l10~,~~rf!!I'0}'Q'TI~RIRTliRI?IOl61Hll.~ 1` " ~i ~ WITNESS my hand s~d official seal ~fii~ s'2~ day of 1?~'~~ i9~~. ~ ' ~ ~ t~ ~ ~r ~ ~ Q~%t-e~~ ` : . - ~ Nofary Public i~ ~nd fo~ 1~e St ~t~ of ~t Lsra • ~ My Gommistion ~npir~. Z t aetum 70: ~TARY ~ Z~ ' ~ First Federa) Savings a Loan Associatan ~~m' ~ $1~~8?ga, Of Fort P;erce. ~M~1~ AYTO pNll1~ ~~,~,77 Fort Pierce. Flwids / ~ ~ 2 ~ 7'7 ~ : , t~•. : .E 1 FILEL' ~'1!'~ ~~coRacc This Instrumen! Prepared By Richard K. Kayes ~ ST.tUCI[ COUHtY fLA,~ , First Federal Savin s b loan Association RyG~~ ~RAS ~ g aFCa~a~;E~ iiEp ~QU.,~.R...,_ ~ ~ of Fort Pierce , Florida ~h~ Odc 11 I1 ko AM'1~1 . 29~~00 - s°oo~ ~4 ~nr.E ~1~ ~ sA ~ ~ : - - ~ _ . ~ ~ ~ ~ ~.a ~ - _ ~ ~ _~~`,~_a_ _ _ _