HomeMy WebLinkAbout2915 3. To plac~ and co~ti~vouily kcep on tha bu~.d~rtigs now or he~raf~~r tit~at~ on said ~and ~nd on ~~I equip~nenl and person~lly tovered by this mat¢
ege, wi~h •II premiums thmeo~ pa~d in iull, i~ro i~t~rnnce in the ~suei stande~d ~,i~cy fam, ie a tium approved by th~ MORIGAGEE, u+d windl+am
~nwranc~ in tM u?wl iundard po~~cy Iwm, in a zum app~ovad ~y the MORTGAGEE, in such company o~ companiti as 1hs MORTGAGEE may !v~',j
d~rec~j a~d all fir~ and w~~xistorm iosu.anca pol~cies on ~ny oE said bvi~d~nps. ~ny intere~t tFK~ein w part IMrwf, in tM s~qre9aq ~um ~faesa~d o~
in exceu ~hereof, shall cw+tain ~h~ usual s~andard morryage~ dause or such otha daus~ ~s tM Mw~g+gee m+y ~~quu~, malinp the loss undN sud polf
ues, each aod every, peyab'e ro said MORTGAGEE as ~ts interest may ~ppeap end rach ar.d e~ery such potiq shall be promptly ais.gned aod delivercd to
~ny held by sa~d MORTGAGEE +t iur~her tecurity ro aaid mo~t~a9e deb1, and, not le» ehan ten (10) days in advance o1 1ha exp~~ation of each po1Ky, to dr 1- •
I~ver to said MORTGAGEE a renewal thereof, toyetMr with a teceipl }w Ihe p~emium of suth roaewal; and Iha~e shall be no 1~r• o+ windstorm i~su~antt '
placed on •ny of said build~n9i, any interesl tFK~in or par~ tl~areof, unlesa in ~he iw~n •nd with ~he lou payabt~ as afo~esaid; a~d in tF~ event a~y sum "
of money becomei payable under ivch policy or pol~cie~ sa~d MORTGAGEE shatl have ths optan Io receiw and apFly the same on account of the indeb~ed
~:ess secured hereby a ~o permil ~aid MORTGAGORS to receive and us~ it w any pa.t thereof fw osh.~r µurF~osrs, .v~ttwut thr.cu; warvin~ o~ ~mpa~r•
~ng any equity, iie~ a righ~ ~nder or by virtue of thia ma teage; and in tM ~vent ~a~d MORTGAGORS ~hall fa any reaion fsil to kcep the s~id p~emiset so ~`r'
:ns~red, or fail to detiver pranplly a~y of said poliuea of inwrance to said MpRTGAGEE, w fail promptly Io p~y fully any premium thcre(w a in any
respect iait to per(wm, discharge, mcecote, ellect, complete, comply with and ~b~de b~ th~s covenanf, w any pari hereof, said MORTGAGEE may place and
}:aY f~r s::ch insurence w sny pa:t thercof without waiving or afiecting any option, lien, equ:ty, o~ right under a by virtue of this Mwt9age, and the
4~~~ amount oi each and every wch payment shafl be ~mmed~ately due and payable and shall bear interest irom ths date thereof un~il paid at the rate of:~,
e per cent~m per annum arxi together •hiih such infe~es~ sha~f bs secured by the lien of tn:s mortgage.
n. :O FiE7Ti3. Cu~TTii2 aX Siiii2i r~ iYdii2. ~~:j+L..,,.~RS Q: v 2tc.~"`..:G::vft Q~ I.:;C~. ^p:CpC:;Y Of Q;tY P3ft f~:,'i3~. .
S. To pay all a~d s~ngutar the cost~, charges and expenses, including a reasonabls attwney'~ tee and costs of abstracts of title, inturred w pa~d at
nny timc by said MORTGAGfE, betause or in ~he event of the failure on the part of ~he said MORTGAGOR to du~y, promptly and fully pertorm, d~scharge.
sxecute, effed, compte~e, cornply w~~h a~d ab:de by each and every the ~tipulanont agrreme~ts, cond~tions. and covenanrs oi said p~orr.~ssory note and ~hi~
n:or~gaga any o? erther, and sa:d costs, charges and expenses, each and every, shali be immediately dve and payable; whether w not there be notice de~
mand, attempt to co1lect w suit pending; and the full anwunt o( each and every such payment shall bea. interest from th~ dats thereof unti{ paid at tht
o+ n7ne per ccntum Fer annum; and ai~ said costs, cl~arges and ex;~ensea incurred w pa~d, together wuh suth inte~est, sMll be eecured by the lien of thi~
mortgage. - ~
6. That (a) i~ the event of any breach of this Mortpage w defautt on tM part of the MORTGAGOR, w(b) in the evenl any o( said sums of money ;
herein referred ro be na promptly and fully paid with~n thirty (30) days next after the same xvera!ly become due and payable, wilhoul demand w notice,
„r ;c) in the event each and every the stipulatio~s, sgreements, conditions ar.d covena~ts of se:d Fromiuory note ard this mortgags any w either are nol ;
f.,iy, prompNy and (ufly ~r(orrned, d;scharged, executed, effected, canpleted, compiied with and a6~ded Sy, then in either or any such event the said ag
egatr sum menrio~ed in said promisswy na~te then remaining unpaid. with i~terest acuued, and all rtw~e~rs secured hereby, shall become due and pay-
ac, e(orthwith, or thereafter, at the opt,on of sa:d MORTGAGEE, as fulty and comptetely as if all of the said sums of money wtre originally stipuleted
ne paid on wch day, anything in sa d pran~sswy note or in this Mortgage to the contrary notwithstanding; and thereupon a t.`~ereatter at the option of
s~.d MORTGAGEE, wiihout noGte o. demand, suit at !aw w in equity, Iherofwe w thereaiier begun, may be prosecuted as if •11 mor~eys secured hereby
r.:d o~atured pnor to its insiitution. ~
7. That in ~he event that at rhe beginn~ng of or st any time pending any suit upon this Mo+tgage, or to faeclose if, a to ?efwm it, or to enforce
r ~,~~,ent of any c!aims he~eunder, said M.ORTGAG:E shail apply to the Cowt having ~urisd~aion thereof for the appointment of a Receive~, suth Court shall
i, r~ .virh appoint a rece~rer o( sa~d mortgagrd property ai! an~ singular, includ~ng ail and singular the income, protits, issues and revenues from whatever
,:•-~r derive~, exn a~~d every of wh ch, ~r Crinq •_xpress:y understood. is hereby mortgaged as ii spec~ficatly sel fwth ~nd destribed in the granting and
i; ~:.endum c~a~ses herrof, and wch Receiver shalt ha~a aU the b~oad and effecr;ve fu^c:~ons and powers in anyw~se entrusted by s Court to a Receiver, and
s,~~ appointment shall b~ made by svch Court as an admitted eqvity and a matter of absolule rigM fo said MORTGAGEE, end withoul ?eference to the
~_:~:~,~cy or inadequacy of the value of the property n,ortgaged or to the so:~ency er insciverxy o( said MORTGAGOR w ihe defendants, and that such i
-~s. profits, income, iuves and revenues sha11 be appiied by such Receiver accord~~~g to the lien or equiry of said MORTGAGEE and the practite of such
Court.
8. To duty, prcmpr;y and fully pe~furm, d~scharge, execute, effect, mmplele, cort,ply with and abide by each and every the sfip~:lations, agreements,
> d~r ons ano covenen~s ;n sa:d prom~ssory note and thn mortgage set forth.
9. That in the event the a~inenhip of 1F.e martga~ed prerr.ises, or any pa~t thereef, becomes vested ~q a person olher than the MORTGAGOR, the
:'R?GAGEE, ~+s wccessurs and ass.gns, may, wirho~t r,ot+ce !o the MORTGAOR, deal with such successq or successor in imerest with reference to this ~
~~gaye and the debt i,e:eby ~ecured in the same mar.ner as with hlortgagor without in any way vitiating or diuha~ging the /~lortgagori liability herr
_i,•r or upan the d_bt hereby secwed No s~:e of the Fremises hereDy mortgaged and no forbearance on the part of the MORIGAGEE or its successors i
=ss;gns and no e.+ens:on of the t~:ne fo. the payment uf tne c'ebt h~reby sec~red g~ven by the MORTGAGEE o~ its successors or auigns, shatl operate E
. __~se, d~scharge, modify change or affect fhe o•ig~nai Gau:~~ty of the NORTGAGOR Fxre+n, either in whole a in part.
10. It is spec:f;:;4y agreed that time is of the essence of this comract and that rto waiver of any obtigation hereunder ot of the obligation se-
,_••~d h.reby sha!i at any time the~eafter be hc!d to be a waive~ of the terms hereoi w of the instrument secured herby.
11. In aJd t~c~ •o thc fore3o:~~g rnonth'y pay-:.~nrs of pri:~c pai and mrer=~st requ~rod by the prom{s~ry note secured he~eb~r, mortgagor tovenants
a:~ees ro aay ro ~norfg.9ee v.iih each monthiy F;a~•.,ent an add•vionai surn es+~~*:ated by mo:tgagee to be equal to 1~'12 of the annual cost of the folfow-
A-A!I real property taxes 4evi~d or assessed aga~~~st thc above described raal es~ale.
6-Fr~~n;.u:ns on f~re and windsto:m inwr~cce as i~ere~n requaed to be ca:nrd on the improveme~is s~tuate on the above desuibed premises.
C-Prem~~:r,s on such m.ortg+ge auaranry fns~-a~.ce as mortyagee shail ?ro^ r:me ro time deem fit to carry on the' loan secured hereby.
Phorigagee sh,'i frcro sime to r~~,e noi~fr mortg.,gcr ~n wr~ring of the a~o~nt d~e and payable hereunder a~d such sum shail thereupon be due and
on the d:.~r uate of ~he nexr n:o-rth,r payn-~e:zt and each successive mo•:!h thereaft~r ur.til mortgagee shatl nohfy mongago~ of.'~.~iange in such ?
i -..~n~. Such ium: shail be appiied by mortgagee toward the payme~t of real prope~ty taxes, insurance prem;ums, and rtwrtgage guaranty insurance 1
~ , ;:.r.s.
I Ih ~JiTPJE55 'l1HEREOF, the sa~d MORiGAGOR has hereu~to set h;s hand and sea: the day and yesr fir sforesai~ _
~ Signed, Seated and delivered in the presence of:
s - - aq :
- _ 'rlenry liicks ~ '
(Seaq
;
Seaq
Be ve r 1 H i C ks seaq
_ i c OF FLORIDA
St . Lu c i e ~ ss-
,.;':TY OF _ _ _ 1
Before me personatEy appeared Henry L.. E{1C~CS a~
BeV@Ily P. HICICS his wife, to me well known and known fo mt to be
~ ;ndividuats descri6ad in and who executed the foregoi~g instrument, and acknowledged before me that they executed the same fw the purposes
r'~c•en expressed. And the said geVeZly P. f~1C~C5
" Henr L. Hicks
~ of the said .~L. , upon a separate and privats
^ rat:on by me taken separate and apart from her said husband, atknowledged to and befo~e me that she executed said instrument freely and volurr
~ ~ and w;thout any compu~sion, constra~r.t, apprehen o or fear of w from her said husband.
~ `NITNESS my hand and offic~al seal this day of ?df1U0ly y a p 1975
_ t ~•t~~~J~~~`` ~
a
Notary Public in and iw the t te of Ft~~`eid~.M.laipe"~( ~~i
~f My Commission expires: d.' Y~i
Retum To~ ~ :
~ ~rst Fede~al Savirgs b Loan Assxiat:on - 3O _ 76 ...'''~jjj ~ ` ~ ~ f N ' ' . ~
~ Of ~crt P.erce. ~t:.v`;~ - i ~ - . ~
FILEO ANO RECOROE~ ' -
~ Forr Pirrce. Florld; 1; ~i i
c~ ST.IUCIE COUNTY fLA `
~ ROCEifP01TIlAt ' ~ ' ~•,~~yl~`~;~'; :
CIERK CIRCUIT QOURT
~ RECORO YEtt+FtED -
~ -
~ This Instrument Prepared ByRobert A. Swisher, J
~ First Federal Savings b Loan Association ,~i~ 19 3 s1 PM
~ of Fort Pierce ~ F lor ida
~
~ Checked By~.
t~
~ gooK~ P~E2914 ~ ~s ~f * ± ~
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