HomeMy WebLinkAbout0006 3. To piace and cor~ii~uously keep on ti~e Su~!d~~~gs now a h~reaf~e~ ~~~uars on sa:d i~nd and on all eq~ip~T~en1 and pe~w~ally co~e~rd by this mort~-
ege, with all premiurt~s iherrcx~ pa:d ~n luli, I~re ins~.~~::rr ~n ~hr ~suat •randa.d po4icy Ioim, in a sum aHprorrd by ihe MOR~G:.GEE, and win~s~wm ,
inwranta in the us~al stanJerd poGcy form, in ~ sum approved by tM 1NORiGAGEE, in tuch tompa~y or companie~ as the MORTGAGEE may '
dred; ar+d ail (iie and ,~v~ndstorm :nsurance pol~c~r: on any oi said buiid~ngs, iny interes~ therein o~ part ~hr~eo(, in tha aggre9a~a sum ~fwesa~d a
in exctu thareof, ~hall ;ontain the usual s+a,:de~d morfgagee clause w fuch o`~»: t:ause ai Ihe hbrtqagee may requa~, maAiny ihe ~ost unde~ se~d pol'r
ues, each and every, pa~>b:e to sa~d MJRIGAGEE ai ns intrrasl may appear, and each end every suth pohty thill be promptly a~s g~ed and deGvered to
er.y held by said h10R(GAGEE as fur~her sec~rity to said morigage debt, and, not lest ~han len (101 days in advaixe of the expirstion ot each potfcy, to da
l;ver to ssid A10RTGAGEE a renewal Ihereo(, ~oge~he~ wi~h a rece~pt for the premium of such renewal; and thrre thall be no f~re or winds~o~m insur~nce
p~aced on any oi sa~d buitd~ngs, any in~erest the~ein or part thereoi, unlesa in iha form and with the Ioss payoble as aforos~id; and in t}K evenl any wm
o.' money becomes payaWe undrr wch policy w poGues said MURTGAGEE shall h~~e ~Fw opfion to rece~ve anJ apply ~he iame on account of the ~ndabted-
ness secur~d hcreby o~ fo per~nit sald h10RTGAGOR$ to retrrve and we it a any part ti;a:eof lor ornor purF~oses, w~tho~~ th~r~ur w~~•~.~7 0~ ~~npair- ~
~ng ar~y equ~ty, Gen or rght under or by virtue of this mo:tgage; and in the event sa~d"JN012TGAGORS shall fa any reasoo (ail to keep ~he sa~d premisrf w
~nsured, or feil to drl~vr~ p.ompNy sny of said pof~cics o( insurance to said MORTGAGEE, ot foi! prompfly to pay fully any premium rherefp or in a+~y
resprct feil to perform, d~scharge, execurz, elfecl, ca»p~etr, to:nply wi~h and abide by this covena~t, or any part hereof, said MORTGAGEE may pf~ce and .
pa~ for suth insurance or any part thercof w~thout waiving or affeUing any opt~on, lien, equ:ty, or r~gh! unde+ or 6~ virtue of this Mo~~gage, and the
f~'1 amo~,nt of each and every such paymrnt sh~tl be ~mmtd~ately due and payable anJ shail bear interest irom the date fhcreof until paid st the rate ot
~:-e per cenrum per annum and rog~ih.e. v~~!h wch inrer,;sr shail iN aewred by ths f+en of this mortgagr.
I. To permit, commit ot suffer no waate, impairment or deterioraGon of said properly w sny parl thereo(.
5. To psy ail a~d sin9uiar the costs, charpes and eape~sas, mdvding a recsonable at~wney's fee and costs ol abstrac~s oI tit(e, incurred or paid at
time by said .NORIGAG`_E, because or in the event of the fallure o~ ~he part of the said h10RTGAGOR to duly, prompily and fully perfo~m, d~uharge.
~.ecute, effev, cemplete, cc:nply wuh and ab.de by each and every the itipWat~ons, egreesne.~ts, conditions, and covenaros of said promiasory note and thi~
,.~~rgage any or either, and sa:d costs, cfiarges and expenses, each and every, shall be immediatety dve and payabte; whether o~ not there ba notice de
m,nd, atlempt ro co!lett~r su;~ pe~d~ng; and the full a~nouM oi each and every wch paymen~ ahalf bear interesl (rpm the date thereof un1i1 paid at the
oF ~,;ne per cent~rn~F:~•r o:n~.::n; ant! a:i sa~d costs. :~a:grs aid c.Nenses :rc~rred or po~d, toyether w~th such ~nterest, shall bs secured Ey the lien of this
mortgage.
6: That (a) i~ the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of said s~ms of mo~ey
herein rofrrrtd to be not promptly and futly paid w~~h~in Ihuty (30) daya nexl aitu the-a+:ne severa;iy become due a~d payable, without deroand w notite,
-vr ~c? in the event eath and e~ery the stipuiations, agreements, condit~ons and corenants of sa:d promissory note and this mortgags any or either are ao1
'::i~, promptly and fu!iy perfesm,td, d.stharged exe:uwd, rifecred, co~npleted, co:np::ed ~,:~th and ab~ded Sy, ther i~ eithe~ o? any such event the uid ag
~~gate wm menr~oned ;n sa~d promiasory r.o!e tnen ren~a~nLig unpa~d, w~ih intrre,f acuued, a~xl a~l moneys secured hareby, shall become due and pay-
.~b e forfhwith, or thereaftt~r, at the op+~on of sa~d h50RTGAGEE, as ful~y ancJ compleieiy as if a~l oi the sa~d sums oi money were aginally stip~tated
~,e pa,d on wch .?;.y, anyr~~r~ in sa ci Fru~i~sscry no!e or in ~his tJlortgaye to the co~urary notwithstandmg; and thereupon a thereafter at the opuon of
.~•c1 MORTGAGEE, w~thout not~cz or demand, svit at law or in equity, fherefore or thereafrer brgun, may be prosecWed as if all moneys secured hereby
c•d marored pncu to ns ~nstitution.
7. ifiat in the eve~zt that at the beginn~:ig of or at any fime pen.d;ng any sv~t upon this Mortgage, d to forec:ose it, q to relorm it, or to enforce
,rnent of rny c!iims ?+ere~ndar, se~d MORTGAvEz shai: apply to the Coun hawrg ~urisd:<tion thereof fw the appointment of • Receiver, such Court shall
r; r,.,~vh apF:o+n~ a rrce~•.er o( s~:d mortga~ed prop=rty alt and sin3uta~, ic:;vd.ng au and s~ngular the income, profits, issues and revenues from whatever
~_v-ce dr:~ved, each and e+ery of w;~,ch, n beuig r,cpressty understuocf. is hereby m.orrgaged as if speuficaffy set forth and deseribed in Ihe g~anting and
,i.e-~dum uavses hereof, and wch Recaiver shali have ait the br~ad a~.d efiec•ive fw~cr,uns and powers in anywise emrusted by a Cour1 to a Recriver, and
s:h appcin+ment ahal~ ;e made by such Ccurt as an admrtted equit~ asid a matrer of abso~~te r.gM to said MORiGAGEE, and wi~hout reference fo the
'~qvocy o~ ireadrquacy of th= vaiue of rhe property mor~gaged or to the so.re~r.y cr ,nsonency of said MORiGAGOR or ihe defendants, and ~hat wch
..rs. profiu, incorr~, isiues and revenues shal! bs appiied by sucA Rece~ver ac.o~d.~~g to the lien or eq~ity of said MORTGAGEE and the practice of such
~ocrt.
8. To dv':y, Frcmpt;y and fuUy perform, d~zcharge, exec~te, effect, cornp!ete, ccn:,:ty w~th and abide by each and every the stipulatioRS, agreements,
d:t~ons and wvenants ~n sa~d prom;sser f r.ore a:~d in~s m~rtg3g~ set fo.sh.
9. That in ihe e•.+~nt the ownersn~p o{ t:~e mor.gaged pren:nes, c. any part thereof, becomea vested in ~ perspn other than the MORTGAGOR, the
_~"GAGEf, ~ts succezw~s ar:d assi3ns, •-:ay, v.itho~! ner~c~ to rhe A;Ok'G~OR, deal .vith svch successw or successw in interest wi~h reference lo this
~gage ar.~ the debt hereby secv~ed in the same mannc+ as with blortgagor wilhout in any way vitiating or diuharging the Nbrtgagors' liabi~ity hero-
or upo~ the d,L! her~by s~tured No sa'? of e F.re~r•a-s hereoy mortgaged and no forbearance on ~he part oi the MORIGAGEE or its successors
s,~gns and no ex'ens:on cl the time for thr payn,em ut tr,e debr he..uy secureJ aiven 6y the MORTGAGEE or its successws or ass~gns, shali operate
ease, d.schar3e, mod~f~ cr.ange or aifett th~ oriq.na! lie:;,t.r~r of the ~J.ORTGAGOR herein, either in whok or i~ part.
10. It is spec~F~ca~iy egreed fha+ t~n,e is of the rssence of this con~ract and ehat no waiver of any obl~gation hereunder w of the obligation se-
.:•ed hcreby shal: at an~ time thereafter be neid ro be a vea~ver o4 tha terms hereof or of fhe ir.strumeN secured herby.
I1. In sud:~~o.~ so 'h~ forepc:~~g r~Jn'h'r ~~aym_nis o` p~i~~c aaI and in~eres~ ~equ~red by the prom:ssory no~e s._~cured hereby, morigagw covenants
::.+qrees to pay to ~~:u~tq.+gF~ v.~rh eacr ~ncn~h'y pa;•ne•~t an ed ±.~~cnal su:n .snr ased b~ mortgagee to be eGuat to 1;~12 of the annual cost of the follow-
A-A!1 rejl prope~ry taxas ieviec! or assessed ag~i ~st tiie acove desc~i~ed reat estate.
6 Fr-:r..v::~s on t.~~~ and :.~ndsao~•r~ ~rsur:,~.;e as n~re~n .~q,,:red to be carr~rd on the Emaroveme:+ts s~tuate on the above described premises.
C-Prem~ums o~ svch Tert-yage ava•anty ir<_:,rar:_e as m~•igagee shail fro~ ::ri:e ro tim~ deem fit to carry on the loan secured hereby.
:1lo~tgeyee s~•a'i !.cm :~~.e to t:~~:e r.et~f~ a:crry_:q~.. ;n wr;t:ng of the a~: o::nt due and payab~e hereunder and such sum shall thereupon be due and
,n'e on the d.:e cat> ef ti~a nc.t »o::!n:~ paym~,nt and eac6 successire mo^.th thereaher ur:til martgagee shal! notify mortgagor of a change in such
Such svms sh,li x a~,t.:;rd cy mor!gay ~c fowa•d the payment of real preperty taxes, insurante prem:ums, a~~d mwtgage guaranty insurance
~ . .~~:TS. . .
f'r idIiNE55 :rHEREGF, tne sa~ci M,02iGAGOR has he.e~~to set his hand and seaf the day and year first aforesaid.
F $igned, Sea!ed and de'~vPred in the presrnce of: ~~~D -
# ; f ' ~ • ; .T/ M RO$EN FD~tT~1L! t, ~ _ a
~l~~ CtERK C~RCWT C86RT 4C' asei4 t.
! . ~ ftECORD YfR:i1Ei1 (Seaq
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~ _'~7E OF FLOR}DA ~ ~~r~
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~ ;'i7Y OF ---SL L.13C1@------ ~ - ~
~ Betore me persor,a~iy appeered _ GQOY Jla Sturrup, a married- adult
~ i~irrvifesto me well known and koown to me to be
s ~~ndividual descr~bed in and who exe.ured the fo:egoing instrument, and acknowledged before me thatShe executed the same fw the purposes
~ ,._.e:n expressed. Arwl~be~a~iJ----------
~ .~.rz o~tbe.tiid uM~+-+~p+~t~aod.priwai~
'~3 ~ a~'swi~~4ra by.~~ L~Ca J9yil~tO i~1i~~1PiiLSvOQti.FicL idiC~..~Y+i~i7L~..acfv~~rl~od.to ~qd.t~eto~el~s.tbat she~cecuted.sa~d ~nsw+afeN be~eLY aDd YQlupr
~ +..~.yywd.ws~~wY-~o~'Pu:sww.<~rrta~irw?rPP~~ ~•A~-EQar-of.~R.Swr?.A~r~.aiid~b~iaad. -
WiTt:E55 my hand and of(i:~ai sea{ ths_ day of q, p, 75
% `
; Notary Pubfic in and fo? State Florida af large
My Commission expires• '
:t Ret~rn io: ) ~
? "r,rst Federa! Savings 6 Loan Associat~on ~y
Of =o,t_ P; ree. v
Fort Pi•~rce. Fi~rda
~ \,~~~1iJiitllfi~~~
4 ~1;- slrtq~~~.
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~ : , , ~
~ This Instrument Prepared By Rober t A. Swisher ~ Jr . ~ Q l A R' ~,f
First Federal Savings & Loan Association ~
~ of Fort Pierce ~ Florida 33450 '7 . a'o~~,=:;:. s~
~ - :;'.,~.l:P. tJ 8 ~ t ~ ~
z; Checked By
F- .
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O,.-~
~ ; i^ ~~tC~
0 R 1~~ ~~hr~,r~~~~~:t''~•
~ • BOOK ~?e~V PAGE 6 . ~ . ~ ' ; ~ d z
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