HomeMy WebLinkAbout0742 3. To place and tonlinu~usly keep on the b~i:d:ngs now on c~reaft~r ~~tuetc cn s~:d land and on all equipmero ar:d pe~so~ally covercd by thif mor~g-
ege, w~th all premiums ~hrrtun pa~d in fu!I, fue ~ni~rancr ~n the USJdI s~a~:Ja+J N:?~c~ to~m, in • eum aHproved by the M0~2~GAGEE, and windarorm
~nsvronce in the usual t~andard pol:ty 1orm, in a a~m approved by ~he Alk~RiGAGEE, in fuch tompany or tanpaniet ~s Ihe MORTGAGEE m~y
d~rect; •nd all fire and w~ndetorm inwronce policies on any of sa~d b~~~d~nys, any in!erQSt the~ein or parf Ihereol, in the +ggregare s~m afpresa~d w
in eacess Ihercof, shall con?ain ihe ~sual sta•idard mor~gagee uausa or such o~her ~lause as ths Mortgages mey requ~ro, ma?inq the iots undc~ sa~d po~r ~
c~es, each and every, payab:e to aa~d h~JRTGAGEE as ~ts ~~:f~r,st moy appear, a:~d rach and eve~y wch po~~cy shall be prompHy assgn~d a~~d de~~vrred ~o
a~~y hetd by ia~d MOR1GAGfE as funhor sacunty fo sa~d n+origa~a d~•ot, and, not :ess ~han ten (IOi da~a in advance of ~he exp~~at~on of ea:h pol~cy, to de- .
~..rr ro sa~d A10RTGA~3EE a ienewal therro(, together with a rece~pt for the prem:um o1 suth fe,1CN3~; and ~here shal~ ba r+o fire or windstorm insutance ' .
~~~ced on any o( sa~d b~ild~~+gs, any interest there~n or pa~t ~hrrraf, un'.rss ~n ~he forn, a•,d w~~h the Iens payable as aforesaid; and in ~he rvent any sum
of n;oney becomea payable v~~der such poiicy w pulicins ta~J MORiGAGEE a!~all have ~he opt~on ~o receive and apyly the s~me oo accouN of ?he indebted~
n~~ss ~ec~rrd hereby o~ }o permit sa:d PAORTGAGORS to reca~vr and use ii d am~ E:.:rt ur~:cof io~ o:i~rr pur; oses. w.tho~t tn~~i~~r .v~r.~~g o~ ~~npai~-
ar~y equ~ty, fien w right under w by v~rwe of th~s mo:rgage; and in ~he event sa~d ~10RTGAGORS :hatl for any reason fail to keep ~he sa~d premises so
;ns~red, o? ~ail to deLver pranptly any of said poLiies of insura~ue to se:d MORTGAGEf, or fait promplly to pay fully ~ny prem~um therttw or ~n a~y . -
rrsFxct lail to perform, d.scha~ge, execusr. effeu, tanpir~a, co~nply w~+h and au~de by th~s toven~nt, o~ any part htreaf, ~a~d MORiGtiGEE may piace a~~d ,
t>y ~w wch insu:ante or any part thereof w~thouf waiving or a((ecti~ig any opt~on, tien, equ~~y. or r.ght undar w b~ virh,e of this ~.1o~tgage, and the •
a:nount of each and ever~ scch pa~c,ent shall be ~~nmed~atrly d~~e and payabie and shail bear in~e~rst from the date thereof ~ntil poid a~ the rata ol '
r ~~e! centum p@r enn~:r. a~~ti tu.~rll..~r .v~th s~ch in!~•r~:s! ahaic : F se:s•rCd hv th! l~en Of thi3 mOrtgag0.
4. To pe~mit, commit or suf(e? no waste, impainnent or dctz~ioration of sa~d pr:.perty w any part thereof_
S. To pay all and singulsr the cos~s, chargef and exeensa:, tnc+ud~ng a reas:,~~able a~~o~oey's fee and costs oi abst~acts of title, incur~ed o~ pa~d at '
.n, t~:r.e by se~d MGR1GAGcE, beca~se or m the rvant of tho f.~,wre on the pari oi the soid 6tORTGAGOR to duly, pranptly and fuuy perform, d~scharge,
_..;,;tz, effect, comp!ete, co~nply w~th and ab:de by e~_fi and every ehe ae:pula~~o~s, agr.•<<nenis, cond~nons, and covenants of said promiswry note and ihi~
~~;a~z any or e~iher, and sa d costs, chaiges a~~d expensas, each and nvery, sl~a~t be mur.~d~ately due and payabte; whr~her w not there be nofice d~
••~d. afte~npt to co:,x~ o~ su~t pend~~g; and the (ull amount of eath and ever; sucn parment shall uea. interest from the date thereo( umif paid af th~
~.6~e f;er car.t..~n F.:r d~~,~~:n; and ai: so~d cus~s, c~~a•yrs a~ed tA1.t~!lS~S .11CJ'r~~d o~ ~.e~d. ~og.:ther w~~h such ~nterast, shall be secured by the Gen of th~s
rgege.
6. 7hat (a) in the event of any bseach of ~his N.o~tgage or defau:t on p,rt ~~f rne MORTGaGOR, or ;b) in the event any of sa[d svms of money
he.e~n referrad ro be not prcmpriy and Iul~y pa~d wdhin fhr.ty i301 days next a~ccr ~hc sa,-ir severa'Iy become due and payabte, without demand w notice,
in thr event each and every the Siip~:ations, agr>eme~~s candr•~o~~s and co~er~anis oi sa,d prom~ssory no~e a~d th~a mortgage any w ei~her are no1
i,. p•on,priy ane+ fu:'y prr4or.r.rd, d schar3ed, eare~ied, e+fe:r~d. cn~~p!ecrd, co,~~..~ed .•.~~h and a~~dEd `~y, then in e~ther o~ any wch event ~he sa~d ag-
~~a•e wm ment:oned in s3id promissor~ note then rema~ni:~g un~~e~d, ,ti~th i^.terc;+ a.c~~td, and a7i moneys set~red hereby, shall hetome due and pay~
_!orth.virh, or ~her~a!Ter, a~ the opT~on et z.~~d AtORTGAGiE, as fv~~; ard :omF.•~•~e~y as it a!i of t!,c sa~d sums of money were or~9inally suputared
~ n~ pa.d a~ :uch da~. :.r.ythi~7 in sa v t:~c ^:sso~y nute cr in rt~~s 1'•o~tg~y~~ +o ~he ronrrary notw+rhsrandmg; and the~eupon or thereafter al the option of
± N.ORTGAGE€, ~n~thout no~;ce o~ dcrr..~i.:3, s.+t at !aw u in eq~~t~, Therz`ore o% therraher begun, may be prosecuted as if a!1 moneys sec~red hereby y
, n,at~red pno~ to ~ta inst~tur:on.
7. Tha! ;n ~h< eve~.t the~ ot ~na bz~:r~:::g :f ~:r at ~ny T:•-:e pccd~• g 3n~ su • _.a this Mortgagr, or to foreclose it, or to reform i~, or to enforce
c~t of any c~.+:~ns he~curd-~~, sa~d ~~RT;,,~:,_ sha': _~piy to ;i.~• Co~•~ 1•~.~~.~ ;.~sc+.:U:on thereof for the appo~ni.~nent of ~ Reteiver, wth Courl shall
~h appo~~it a rc,e~:er o! s~.J r-.u tg.,~•~d : -ty ~-.d s.°~.;:ar, ;~.,,..~~g , .,:,d s~ngu:ar the ir.come, proids, iss~es and revenues from whatever
. d~•nved. _..:Fa and rvery uf •.v: .;r,, ,r „,,Iy .~,•~ss ,..:,:i_: s:•v:d ~s _ . r~~ ~~_d as if speC~fitally set forlh and described in the granting ar.d
h..c;i~. .,.'w S.~:f~ ~'LCC'rve• 51:3:i hd~' d:'. ft~~• F.r;.o~i :.^d •F!i,...e•t.~~ ~~?5 onC1 ~Gx~f~S it1 anyw~se entrusted by a~OU~f 10 A Reteiver, anf~
. ,:,cm+ment shai~ be e ade by svch Co,,~t a: a~~ ad:nrteed c•-y~ay ~~ui a^a~~.:r o~ anso ~te r;gnf to said MORTGAGEE, and without reference to the
,_~..cY er ~nadrquac~ of the vaiue of the caoper~y :r.c~rgdgE~ u tc :r:~ s~ a~ 3:0 ~er.cy of sa~d MOR(GAGOR w tl~e defendants, and that such
•s j:.fOi~iS, income, :saves and rr~erwes snsu be ap~~~ca by s~.h Rrccr:er a.~or~ , g io the Gen or eqvity of said ~dORTGAGEE and the practice of such
._.7~,::1. -y
8. 7o du!y, prompt:y and fuily pe:ferm, dncha~g~, erce:~te, e}~ecf, co~pie:e, cc•+~~!y vr~~h and abide by each and every the stipulations, agreemeMS,
ns and covenanfa m sa~d prom:ssory r.ote an J th s mc; rga~e set iorh.
9 TF.as in the event the ov:nersF~p of ihe mo~tgsged pr.•~:ises, or a~~~ ?art tnereef, icecomes vested io a person other than the MORTGAGOR, the
y y, w~:ho.,t ~~cT~ce 'o ihe .V.02IG%-JR, d..,~ w~+h s~ch successo~ a successor in interest with reference to this
:'G~GEE. i!s svccasso~s zrd asv••~:;, r>~a
~_;~3e and tiie deuf t,er~by secured in ti~e sams rnanr.er as with t.,ortjagor 1-;tno~t in any way vitiating or cf~xharging the Idotigagors' liabilify here-
or uc~n rh? deb! Feceb{ s•a:~~red. No s3:e of ;he F~e,~•,sPs h~•.eoy r,~u~ryagrd ar.d no forhearanee on the part of the MORTGAGEE or its successws
~~s a~~d ~~o eat~•r,:o~ of rhe ~:o• +ne payn,e~~r cf the deh~ Frreby s^cv/ed g~:en by the MORTGAGEE or its successors os au~gns, atiall operate
_~sa, d:scharge, mcd~fy c~a 3e ar aftect the ccly:r,o! L,..;:In~ of tF~e /:.vRfGAGOR Ferein, either in whole w in parl.
10. It is spec'fr.a~~y .,greed rhar +.~~ne rs of tho ess<^:~- of r{,;s cat:a;r a:~d tF,at no waiver of any obl~ganon hereunder w of the obligation se-
d h~reby sha;: ar an~ ti^~e rhereaher ~~e i~e'd to tF a w.~~:•_- of the !enns herr~f or of !he instrument se~ured he+by_ -
`1. In aodn.•, ~o rh2 foreg;;n~ •,.o:,•n'. ~:r.s v` .r:d ~.•~•:s• ~rG~~;red by tt~e promis,ory nae secured hereb~. mortgagor eovenants
~ ;r•.es :o pa~ w r.:orf~ayee v.~th eacis n:un+h~.y e•~+ an ~d:,.:.on_j: s~^~ ~ s~ ,,rrd b~ mortgagee to be equal to l;' 12 of the annual cost of the follow-
q._A;! real pre:,e~t•~ taxes ~ev~:.'. o. ~ssrss,_:i ogz~•i<t th~ d~~:e d••5rr,: d reat es•ot?.
,i 6-Pre-. u~-~s on fire and vvi::dsto:m i: s~rar.ce as ~e:c~n req~ red to bA cz~ried c~: the [mprovements situate on the above described premises.
C-Prc r~„~~:s oa su:h mort~~.gc yua-ri:y ~r;v~+ .cP as rr;o ~a~:ee sF•a I fro~~~ ~•~~e *o ~i~re deem fit to tarry o~ ihe loan secured hereby.
! ':a•tg~gee s^~: 'rc:n to r. :e nc~~f; n~e~tgager r w•~t~~:g of :ne +•-o.~t duc and payable hereunder and suth w~n sha!1 thereupon be due and ~
~ on the tiue oare oi rh= nc•c! ncn•F;l pUy:nent and e~ch s.~:cessi~e aonth t.~e-eafter untii mortgagee shall not~fy mortgagor of a change in such ~
Such s~.ms sra:i !x a~,pG~~d ty ~+ortgay,~~ to:.n-o fF:e ;~a~~nenr of ~ea! rrop^rty taxes, inwrance prem;ums, mid mortgage guaranty insurance
I ~~s.
~ iN 1'lITPlE55 Y.HERCOF, tne sa~d MOkT'v~GCR has hcre~~:to set h~s hand a~d seaf ~he day and year fint esaid.
t S~gned, Seated and delivered in the presence of:
f EO fiH_^ Ff~1: a~
~ ~ _ ~ '~~'~r.~~~-! ~~UCtf ta
.11F~• i~ (Se )
~ ~10GE`: Gt3~~ ` al
• CIErX C;3,r,U:3:1TQ~1lRi ~ (seaq
~ _ - -ry
_ i~/7~~
Y`-. ~ l I~ n Gt_ QEC~FG vE!' _ (Seai)
_ ~ i~ OF fLORIDA ~
~ l ~
~ .'JTY OF ---.Sti. Iucie _ _ ~
tJathan Martin, Jr. 30~~9
Before me persor.a':y appeare~ - ~ and
~ _ Ti1~23~Hti}I T• M81"ti~Il his w~fe, to me well known and knorm to me to be
~ ndtvidvals descr~b•_d in and who e.cecuted the forego:ng instrument, and acknowtedged before me that they executed the same for the purposes
•e:n expressed. And the said_______-- '~fZBb@ti~l T• Md' I'ti~Il
~ . ~ of the said _____-_-.__-__.-_____._Nath2I1 ~3T'~i~TI, Jr.,_ s separate and private
~ nar:on by me taken separatc and apart from her said husband, atknowledged to and before me that she execufed said instrument freely end volun-
, ~ ar.d w~rhout any ConFv:siol, [Onitrair.t, aF~rehens;q~, or fear of or from her said husband.
~ n
`.YITt~iESS my hanJ and offiual seal this. _ l da„ Febru q p. ~q T5
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A Notary Publ" snd for th/efState of Florida at large
g}; M~/ Cp~n~i expire3: i1~LE9 G/ ~.Y
' ,.:~~i~ Iiis/
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Retum To: 4j
~
rst Federal Sa~in~s S Loan Asso.'i~t.o~ ~~~~_r~##'~+':' r~I~
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Of fo~t Pa:ce ~ ~ •
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a Fort ~~erce. Fio•~da • ~ L~
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This Instrument Prepared By Wl7t. E. Braun fLi (~~r
~ F~rst Federal Savin s 8 Loan Association y•
9 i!/it ••...a~ j~1~~
~ of Fort Pierce ~ Flo2'ids ' S
'rr.rrlFft~~~~~~,
~ Checked By -
~ BOQK~~?W PACF
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