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HomeMy WebLinkAbout0640 3. To plac~ a++d continuou~ly kcep on tFK buildmgi now w he~ea(rK ~~twt~ an ia~d la~d ~nd on ali equiprnent and pe~sonally cov~red by Ihi~ mor~¢ sge, wi~h all premiums the~eon paK! in iull, firo insursnce in tha uwal s~~ndard pu4cy torm, ie •~um approwd by th~ MORiGAGEE, a~d windstwm ~ns~ranc~ in ~h~ uswl ~unda~d polky iwm, in • wm approvad by IM MQRTGAGEE, in wch company a ton+pan~es a~ th~ MORTGAGfE may directj ~nd all tir~ and w~ndstwm in~uranc~ policief on a»y o( sad buiid~nqs, any interoi~ Ihaein w p+rt therwf, in IM ayyrsya~~ wm aforss~id u in eacesi Ihereoi, shall contain the utual stendard ma~gag~e clavie w such o~hcr claus~ at tM Mor~yag~t may requu~, makinp 1h~ lou ~nder ~a~d po~6 - c~es, each and every, pay~ble to said h10RTGAGEE as ~~~ere~l may appear, and each and every ~uch policy sh~ll b~ promptly a~s.gned a~d delive:ed ~o any hetd by uid MORTGAGEE as ~u~ther secu~ity to said rnwtyage debt, and, no~ leu ~Mn ten (10) days in advance of ~he expiratio~ of each pol~cy, to de- i~vet to said MORTGAGEE a renewal the~eof, togethet wi~h a ~ece~pt fo? the p.emlum of svch ~enewal; and ~here shall bs ra fire o~ windsrwm insu~~ou placed on any of uid buildings, any interast there~n a pari ~hereof, ~n!eu in ~he twm and with ~he lou payabte ai ~fwesaid; u+d in the event anv tum of money becomea payable unde+ such policy o~ pol~cies wid MORTGAGEE ~hatl have ~M optan ~o receive and apply the same o~ acco~nt of ~he iixlebted- - ness secwed hcreby or to permit sa~d MORTGAGORS to reteive and use it a any p~rt ~hrreof 1w Onc~r purpaset, w~thout Ih:~~br waivbig o~ nnpair- ing any equlty, lien or right ~nda~ a by virtue of this mo:sgafle; ind in ~he evrnt u~d MORTGAGORS thall fw any reason fail ~o kecp t':o sa~d premises w :ns~~erJ, or feil to deiive~ promptly arty of said poticies oi insurancs to uid MORTGAGEE, d iait promp~ly to pay fully ~ny premium thereta w in any {"'j~ respcct Iail to patwm, d~scharge, execute, e((ect, complere, comply wirh and ab~da by this covenant, p ~ny pert ha~eof, said MORTGAGEE m~y place a~d ~~*r Fjv fw such inaurance ar sny psrt thereof without waivinq w afiresing any optian, iien, equ~ty, a right under a by virtus of this Matgsgs, and the f~;l amounf ol each snd eve~y such paymem shall kx immediately due and payable and sha0 bcar intere~l fto~+ 1hs date thereof until paid at ~M rata of • ~~~=e per te~rom per annum and toge~hrr wlth such i~terest sha~~ be sec~red by the i~en of this matgage. 4. To permil, tommit or suficr no waste, impairrtxnt w deteriorotion of said property ot any part thereof. 5. To pay all and singula~ the cwts, chsr9es snd ex~mses, inc{urf~ng a ressonable attwney i fee and costs of ~bsfrscrs of title, i~uvrred or paid at n~y timc by aaid MORTGAGfE, because or ln the event of ~he fai~ure on the part of the said MORTGAGOR ro duly, promptly and fully perfwm, d~xharge, =x~~cute, effeu, compiate, comply w~th a~d ab~de by each and every the ~tipula~~ons, a9recments, co~d~tions. and covenants o~ iaid promisso~y note and th~~ ,:orrgage any or eiiher, ar.d said costs, charges and e:penus, each and every, shall be immed~ately due ar+d payab~e; whether w not there be no~ice ds r.~,nd, atiempt to collecl or tuit pe~d~ng; and the full amouN of each and every such paymeM :hall bes~ interest from ~he date thereof until paid at the oi ~i~o per tantum pe~ anuu:n; e~x! all said costs, charges and c:per.ses incu~rrd or paid, together w~th such interesl. ~hsll be secuted by the litn of thi~ rr.orfgaga. 6. That (a) i~ the event of any Meach of this Mwtgage or default on ±M part oi the MORTGAGOR, w(b) in the event any of ~aid iums of money herein referred to be not promprly and fully paid within thrty (30) days next a:rer ~he same uverally becoms due and payab~e, withoul demand w notice, cr ;c) in the event each and every ~hc stiputa~ions, aq~etments, cor.ditions and covenaros of sa:d promiuory note aod th~s mortga9e any or either are nol i~•:y, promptiy and fulfy performed, d.scharged, exewred, eff:cled, canpleted; complied w~tA and a6~ded 5y, then in either w any such evam Ihe iaid sg ~r~~gata s~m mcntioned in said promissory note then remaining ~npa:d, with interest accrued, a~d atl mo~eys setured hereby, shall betome dus and psy- ao.•: fo~~hwith, or Thereafter, af the opfion of sa~d 1dORTGAGEf, as lully and complrtely as il all of ~he said s~ms of money were aginatly- sripu:ated ~o be ~nld on svch day, aoything in sa.d pro.n~ssory nore or in this Mwtgage to the contrary notw~thsta~ding; and tlxreupon w lherealter at the optioa of s~;cf t110RTGAGEE, w~shaut nor;ce or derr,and, wit at taw or in equity, therefore o~ ?hereafte~ begun, may be prosecuted u if all moneys secured hereby n~.d marvred pnor to rtS ~r~SliTUl+on. . 7. 7hat in the event that at thr beg~nn~ng of or at any time pendir.g any suit upon this Mortgage, or to foreclose it, or f0 refwm it, or fo enforce .:,~,ent of any c!a~ms hereunder, said MGRTG~G~E shall appfy ~o rhe Cour~ hav~ng ju~isd[a~on thereof iw the appointment of a Receiver, such Court shall r:•rh,vi:h appo~nt a reteiver of s~id morigagec9 p~ope~fy a!i and sin~utar, irciud.ng all and ainqular the income, profils, issup and tevenues from whatever s: ~-;a derived, each a~~ every of wh:ch, ~t txi~~g c.press!y undefitood, is he~eby morrgaged as i( spec~tically sel fo?th and deseribed in the graming and er.dum clauses hereof, and s~ch Rece~~er sha~l ha~e ai! the troad ar.d effev~ve fu^d,ons and powe~s in anywise emrusted by s Gourt to a Receiver, and ;:h appoinrment sh,~tl bc rr.ade by such Court as a~ admittcd e7ui!y and a r*aner ot absoiute right to said MORTGAGEE, and without refereote to the a.teq~acy w inadeqvacy of the vaiue of the proprrty mortgaged or to the so.vency or .nso:vency of sa~d MORiGAGOR or the defendants, and that such - _~rs, profirs, income, issues and revenues sha!! be apptied by such Receiver accora.ng to the lien or equity of said MORTGAGEE and the practica of such _.,.,rt. 8. To duty, promp!ly and ful!y perform, discharge, execu~e, eftect, cornplete, compiy w;th and abide by each and every the stipul~tions, agreements, dinens and tovenann m said promissary note and th s mortgage set forth_ 9. That in the eve^t rhe ov+nership of the mortgaged prem:ses, or any part tnereof, becomes vested in s person other fhan the MORTGAGOR, the :":r2iGAGfE, rts wccessors ar.d ass~gns, rnay, w~~ho~t r,as~ce to the MORTGAOR, deat w;th such successor or successw in interest wi~h reference to this :~gage ar.d the debt hereby scc~rrd in the same marn~r as w~th ldortgagor w~thout in any way vitialin9 W diuharging the Mortgagors' liability here :~•r or upon ~he d~6t hereby sec~~ed. No a~le of the premnes hereby mortgaged and no forbearance on the part of the MORTGAGEE w its successws . :<.s~gns and no earens~on of the tim@ ior rhe pay~*.ent of the debt h~reby secured given by Ihe MORTGAGEE or iri successors ex aui9ns, shall operate r_ case, d.scharge, modify char.ge or affect the o*ig~n~I :iao,l~ty of the AM1ORTGAGOR Fxreio, eiiher in whole a in psrt. 10. It is spec:fically agreed that time is o{ the essence of this contract and that no waiver o~ any obligat~on hereunder w of tix obligstion se- :.red h.:reby shal~ at any time rhereafter be he:d to be a waiver of the !erms heieof or of the instrumeM secwed herby. 11. In aod.t:vo to rhe fO~EC3G !~~j ,nonti;Iy pay~n~n~s of pr;nc pat and imerest req~ircd by the prom~swry note secured hereby, morigagor covenants d agr~s to Fay to mortflagee w+th each r:onthiy ;:ay~ :em an add~•~onal sum estin:ated by mortgagee to be equa) to 1 j 12 of the annual tost of ihe follow- A-Ail real property ta,czs ievi~ o~ assess^d aga~ ~st the anove deuribed reat estate. ~ B-Pr.~r.:u:ns on fire and windstor~n ~ns~~a• as herein req:,~red to be canied on the improveme~ts situate on the above described premises. j t-Premi~ms on such mort~3ge guaranty Icsura~ce as mo~~gagee ahall from t~me to time deem fit to carry on the loan secured hereby. ~ ~ ~1Aorlgagee s~a:i from ti.ne to sl.ne nc:~fy rur~gegor ~n v.~~!~ng of the amount due and payab~e hereunder and such sum shaU thereupon be due and ~ hle on ihe d~e date of th2 next ~}~ontF.`. a-r,ent and each successive month thereafter ur.til mat a ee shall notif mort a or of a cha e in such ~ I PY~ 99 Y 99 ~9 ~ -:,nr. Such sums sha~l be app~ied by mor~gag~~z to+vard the payment of real property taxes, insurance prem:ums, a~ mortgage guaranty ir?s~rance t ! , . ~ms. ~ IN ~YITNESS ::'HERFOF, the said :1,ORTGAGOR has here~nto set his hand and seal 1he day a~d yesr first aforesaid_ Signed, Sealed and delivered in the presence of: s D A~i3 icEG RDE~ £ (Seaq ~ Fu t n~,-r . ~-~~aa ~ _ .~uc~c • - I~OCrR ~8~1RAS ` seaq ~ ` CIERK C1~•:Ui7 COURt . ~ (Seen ~ REGGRt?YE~:+fIfO~~...~-:.•~.~~ na~ erno ~ - - ~s~~o ~ ~ ' "c OF FLORtDA f 6 2 s5 PH ; ~ -..:'JTY OF _ St . Lucie ~ ~ a~s ? ~ 8efore me personatly appeered _ Ch.'3~r1e5 Pernod ; _ /~1'IY1A ~P@rT10d hii wife, to me well known and known to me to bs dividuals descrioed in and who exec~~ed tha foregoing inshumeM, and acknowtedged before me that they exetuted the same for the purpose~ ~ ~~_-:~:n eapressed. And the said Anna Pernod ~ :'e of the :a~d _ C ha r le s F. Pe r nod upon a sep~rate and pirvat~ ~~arion by me taken separete and apart from her sa~d husband, acknowledged to and befwe me that she exetuted said irtstrument frcely and volurr i and w~thovt any computsion, tonshaint, apprehens~on, w fear of or from her wid husbarsd. WtTNESS my hard and of(~csal seal this_. 4th day ot February , q p_ 19 7$ ~ ~J~. C~. Notary Public in f the State of Florida at larye ~ My Commission expires: ' Return To: Kpbry PV~aYc, SI°fe O~ FbrL~o 01~ ~~.1 t` tion Expira ~p F:rst Federal Savings 6 loan Associat:on N{r Coms+ls ti~~; j,~1~ Of Fcrt P erce. {~~ded !~r IuMtkw~ FK~ ~ ~ Fort Pierce, Ffo~ids ~~i~te3~ ~ ~ ~ ~ f • ~y('~j ~ J C-:. ~J~ ' i ~ This Instrument Prepared By Gary F. Ell~vood v' ~r;r~; First Federal Savings & loan Association ~ ' ' Florida 33450 n~.• _ ~ of Fort Pierce ~ , , ••••••J•~~ ~ ' .)J~~l,~.Y,.~3,•~~"~~i~\ ~ tiJl1-~„~:.;1. ~ Checked By ~ ~ , 800K ~.t~V PACE 0 ~Z~J ~ ~ ~.s .t'~ ~ ` ~ . . ~ } m~ - ~ _ _ - - - - - .Tc~'.~'z+,_ _ . . : -a.~ e.