HomeMy WebLinkAbout1248 3. To plx~ and contirwously ks~p on th~ bui:d~nqs now a Iwe~fia sitvat~ on sa~d la~d u+d on ~II equiprn~ro ~nd pe.w~ally covNed by 1fi~s n+orq~ .
p~, with ~U pr~m;wm ~hereon pa~d in ful1, fu~ inw.anc~ ~n ~M usual uand~rd po:~cy M.m, in • wNn ~pprowd by ~he MORIGAGEE, a~d w~++ds~ain
inswanc~ in tM vwa) usndard pol~cy (an~, in a wm ~pproved by the MORTGJ?GEE, in wch ca~+pany a cor*~Wn~~s +s tAe MORTGAGEE ~+~+y •
d'u~ct: and all f'u~ and win~arm inw.ana poGc»s on a~y of sa~d build'a+p~. a~y inN~~st tl+u~in w p~rt thcreof, in tM aqg.ey+k swn alwesa7d o~
ie~ ~xcs~s thereof, sMll contain th~ uswl standard enat9a~ davs~ or wch aMr dwk p ~M 1Nor~pa~s~ n+ay ~eqv.r~. m+?inp the 1ou u^dr~ s+d P°~i `
cis~, eacb and wery. D+Yab4 b s~id MORTGAGEE as :ts in~e+est may appeu. and eacA and ~very tuc6 polity shall be promptly usqned u+d deiive~ed w
~ny held by ssid MORTGAGEE a fw~Mr security to s+id mor~ap~ debt and not kss tMn ten (10) d+YS L+ +dv+~+ce of ~h~ ~ap"uation of e+ch pol~cy, to d~-
IivK to said MORTGAGEE a r~newal tMreof, 1opNMr wiM a receipl ior tM pranium o~ such ~e~ewal; u+d the~~ sh~ll b~ no f'u~ or winds~um ir~swanc~
pl+pd on any o/ said buitdings. a^Y interas~ th~~in or p~rt thereof, unkss ie~ rM (am and wi~h tM bss payabl~ u a(a~sa~d: and in the even~ ~ny swn
of mo.ry beca,nes paYable uode+ wd+ policy a pot:cies said MORTGAGEE shall Mw tM opt:on eo reuiw and ~pply the same on account ol ri+e indeb~ed~
neu iscu~ad hereby or ~o permit sa~d MORTGAGORS b receiw ard us~ if or sny pait ~hereof fa o:her purposes. wi~ho.,t ~h~•fo~ wa~+i~,g w u~.pa~-
irg any equ~y, lien w rigl~~ uode~ or by virtw of this mor:ype; and in the ~vent sa~d N10RTGAGORS shaU fw any reawn fsil to keep ~he said p~e+~+aes se
inwred, a fail w delive. pranply any of said policies of inwr~ b sa~d 1NORiGAGEE, a fail promptly to pay fulfy ~ny premli,m therefor w in u+y
respect fail b pafan4 d'acharg+. ezecute. tff~ct. compbte. comply with and abidt by this oove~an~, o? +~Y P+n hereol, s+id MORTGAGEE m~y p~r~e a~
paY fa iuch insurance a any part thereof without waiviny or ~ffectinp any option, Il~n, aquih. w right under or by virtue of this Mor~ga9e, a~d tF~e
full a~noun~ of each uid wery such payrnem s1?~II be ~nrnedwuly dw and pyaW~ and shall beu interes~ from th~ dat~ thsreof unril paid a rM ra~~ of
nine pe? centum p~r ~nrwm and togefAn with wch interest shail be secwed by the liee of this nwnpaye.
1. To permit, ownnrt or wifN no wute. Lnpurment a dereriorat~on of ~a~d pope.ty or any part tl~e*eof:
S. To pay all and ~inputar tFw coats, cfisryes and eapenses. inct~dinq a rcasoi,able a»orney
s fee a~d oosn of abstracis of tirls. incwred o~ pa:d s~
eny time by said MORTG11GfE, betause w in the event of the (s;lur~ on tFw p+rt of ~F~ said 1MORTGAGOR to du1y. promPtly and futly pa~form, d.xha~9e-
execute. effect. conwk~~. ~a^Pb wah and abwM by each s~+d e~vs~y tM sr~dar~ons, ~greeme~t~,. cw~~tio~s. ~nd oovenann oi sa~d prom~uwy note and th+s
+*+at9+~ +~Y or eithe?. and said cosb, chuges a~d e:peroes, exh and eve~y. shall be imn+ediately du~ ud payable: whether w not the.e be nouce dc
mand, anemp~ ro cdkct w wit ~a~Clirg: and ths full anwunt of e+d~ and every wch paymenl shall bea. interest from the dat~ tl+~reof until paid s~ the
.,.e ..i . ~....t..... M~ 1~+~~NrT~ and sil said ccx», cFwgea and e:nenses iacur~ed or paid, togethe~ w.th wth interest. sh~ll be secured by ths lien of tha
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mo~tya~a
6. Th~t i~ the event of any breach of this Mwtgage w defwlt on the part ot the MORTGAGOR, or (b) 7n ths event a+y of sa~d wms of money
Fxrcin refe+red ro bs ~+a P.omprty sr~d f~iy pad wi~hin thirty (30) days nea~ after the same severatly become due u+d payable, withouf demand or notice.
w(~ in tMe eve~t esch and every the stipuSations, a9ree+nents, conditeoru and cove~ann of sa~d pomisso+y note and tlws mortpage any w either are nw
~uly. promptly and fulfy perfamed. d~achuqed, e:ecutcd, effected, cornpkted, compi:ed w~ih and sbided hy, theo in e~tF+er a any ivcl+ rvrnt ths s+~d ag
gregste wm meniiooed in said prom:ssory oo~e ehe~ remaininp unpaid. w~rh ~nrerest xu~,ed, ar.d atl ma,eys secured i+ereby, sh~ll be~con+s due and pay-
able forthwith, or thereafter, at the opt~on of said MORTGAGEE, u fvlly and completety u i( ~II of the said wms of mwxy were a.p~oaily st~pu:a~ed
ro be paid on such day. anything in sa:d promiuory rate a"a~ this Mortgage ro the conuary ~otwithstandirg: u+d thereupon a thereafter ~t the oprion of
sa+d MORTGAGEE, w~rhovt ratice w demand, wit ~t law a in equity, therefae or the~eafter begun, mar be prosecuted as if all mo~eys sewred hereby
had matured ~ar to in i+utitut~w~.
7. Thst in the event that it ths beginning ot a st u~y t~me pend"eng any w~t upon this Mwtgage, o~ to iwec{ose it, or 1o refwm it, p to enforu
payment of any daims herevnder, ssid MORTGAGEE sha:t apply to the Cou?t having jur~sd~ctan thereof far the appo~ntment of a Rcct~v~r, wch Couh shall
Fwthwith appant a receiver of said mortg~ged p~operty al! and singular, includ.~g atl and sing~lar the incorne, prof~ts, iswes and revenues from whatever
source de+ived. each and every of wh~ch. it be~.+g e:pressly understood, is hereby mortgaged as if spec~fically sct fatA and described in the grant:ng and
habend~m dauxs hereof, and wch Receiver shail ha,re all the b.oad and effective funct.ons and powen in srrywise eMrwted by a Cou.t to a Recei~er, and
s~ch appointment shall be made by wch Covrt u sn admitted equity and a matter of absolute ripM to said MORTGAGEE, ~nd wifhout ~efcrcnce ~o the
adequacy w inadequacy of the value of the properry mo.~gaged or fo rhe w~vency a nso:vency of s~~d MORTGAGOR or the defendann, and ~hat such
renu, profits, income, iauxs and reven~xs shal~ be apptied by wch Receiver aaord~g to the lie~ a equity d said MORTGAGEE snd the practice of wch
Court.
8- To dufy, promptly n+d fulty perform, discharge, exeMe, effecf, cwnplete, compiy with and sbide by each and every the stiputaYans, agrecmer?ts,
conditio~s and coven~nts in w~d promiuwr note and this mortgag~ set forth.
9. That i~ the eveM the ownership of the mortgaged prem:ses, w a.ry part thereof, becomes vested in a pe~son othe~ ti~an the MURiGAGOR, tt~e
A10RTGAGEE, ib succeuors ~nd augns, may, w~thout norice to the MORTGAOR, deal wi?h such s~ccessor w wcceuw 7n ~ntcres~ w~ih refererKe w tha
mo»gage and the debt Aereby secured in the same marv~er as with Mwtgagw w:rhout in any way vitiating or d~scharging fhe Mortga9ors' IiaMlity herr
under p upon the debt hereby secured. No sale of the Frem7ses hereby mortgaged and no forbesr~nce on tF~e p+n of the MORTGAGEE or in s~ccesson
ar auigns and no eate~+s~an ot the time fw tF+e payment of the debr hereby secured g~ven by tiee MORTGAGfE or its svccessors a assgrn, shall operate
ro release, d~xharge. mod~fy change a affect the orig:nal liab:i~ry of the M~ORiGAGOR hercin, either in whole a in put.
10. It is apecifically agreed tha~ time is o1 the esxnce oi this contract and that no waiver of a~ obl~gatron hereunder or of the obligaYa~ sr
cured hereby shall at anr time thereafter be hetd ro be a waiver of the terms hereof or of the irotrument secwed he.by.
I1. In add~tioa to the fwego:ng month!y paynwnts of pri:.c"pal and intnest required by the prom:ssory no?e secured hereby, mortgagor cowenanh
and agrees to pay to mo:tgagee with each mwirhly payrxnt an add.tional sum est~mared by mortgagee to be eqval to 1 j~12 of the a~nua! cost of the folbw-
'^g:
~ A-All real propeny taaes bvied a assessed aga~nst the above desc~~xd real euate_
~ 8-Premiums on fire and windstorm inswarte as F~erein reqv;~ed w be car~ied on the improveme.~ts situate on the ~bove desuibed premises.
C-Premiu:.!s on such mortgage guaranty inwrance as mo+rgagee shati from r;me fo time deem fit to urry on the ba~ secured hereby_
~ N4ortg~gee s!+all lrom time to time notify mortgagor in writiog of fhe amount due and payable hereunde~ and such wrn shall thecevpon be doe and
~ Fayable on the due date of the next monthty payment and each successive mo~~th thcreafter w.til mortgagee shall notify mortgagw of a cha+ge in such
s amount. Such svms sF~all be applied by mortgagee toward the payrt~ent of rea! propMy Ta:es, insurance prem:ums, and mortgage guaranty insurance
premiums.
IN WITNESS WHFR~OF, the sa:d MORTGAGOR has hereunto set his hand and seal the d~y and year first afwessid.
Sgned. Sealed and de~~+rcred ~n the presence of: ~;J ~~t~ !'.~G9;OE~ 1 G 4 C G.r l~+9
~T.~:;~ .~~ir su. ~ i F e~ R 17
~G 7t,v ~Lff
y.. =V!r ' 4
1_ f~_c~. ~i :~.'C~ ?~,zt_~` sf C'Ii.L ~f i ~.FD ~l~ L-.+QJ (Se~4
~ ~N 13 3 ~ PH'1~ . ~n
STATE OF FLORIDA ~
st . Lucie 299098
cour,nr oF
eefore me personally appeared Riehard Bighos ~
Catherine Biqhos h;~ ,,,,;r~, to n,~ ,,,,~u known ,,,d k,ww., „„u r, be
fhe individwb described in and who executed the fae9oirg irntnwna~~, and acknowkdged before me th~t they exetuted tfie ssms for the pu?poses
~ thereio exp?essed. Md tF+e sa~d Catherine g1~10s
w~fe of the sa~d Riehard Bigho= i~ a x~,~ ~~~ss~
e,cam~nst~on by me taken separate and apan from her sa~d husband, adcrwwledged b and belore me tfwt she eacewted said instrwnent freely u+d vduo- ~
rar~ly and w~thouf any compulsan, corutraint, spprchens' ear of w fram he~ s~id fxrsband.
~ WITNE55 my hand snd official xal this f~~ day of `lanu~Z A. D. 19 75
~
j ' ~ ;
Notary Pubtic in snd or ihe ate of Fbrida ~t Luye
~Y My Coouniasion e a:
r~.; ~ Retum•To:
~
•first Federa{ Savir?gs a toan Association }
~ ` Of Fort P.erce. H^ J , r` f'^ ~~.^~E !
~ t i
~ Fort Pierce. Ftwida ~ 1. 7, 1917
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~ TF~s Instrument Prepared By Richard K. Kayes : c~~~•.r
~ First Fed~?.-al Savings b loan Association ` ~ ~ ~ ~ =-i: _
. of Fort Pierce~ FlOrlda - _ .
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Checked By IF . 'z ~ Q
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