HomeMy WebLinkAbout0888 3. To plate and continuousiy keep on the b~~iJmgs now w hrresNer ai~u.+te on sa:d ~and a~d on alI equ~p~nent and perso~aily covered by this mortQ~
ege, w~~h ell premiums thereo~ pa~d in lull, fuc ins~rance ~n ~he utwt st~xlard ~~!~cy form, in a ium approved by ~he MORiuAGEE, anJ windstorm
~n~~ronce in the us~al s~a~idard pol:cy fonn, in a sum appro~cd by ihe MORiGAGEE, +n svch company w companies as ~he MORTGAGEE m~y
d~rectp and all (i~s and w;ndsrorm inw~ance po:~c;es on sny of sa~d build~ngs, any interost ~he~ei~ o~ pert thareol, in.the agg~cgeta sum afaesaid w
in eatess thereol, s!~ell conrain tha usual standud morrgagee clause or such other c~e~se ss the hlortga3ee may reqwrs, making the lose under se~d polt •
c~es, each aod eve~y, payab!e to iaid MORTGAGEE as its mte~est may appear, and each and every s~ch po~lcy shail he prompt~y an yncd acd deliv~red ~o '
eny held by sa~d MORIGAGfE as 1u.rher secvrity to said mo~iyage dabt, a~id, not lees 11wn ten (10) days in ad~ance of 1he expir+t~on ol each polity, to da i
I;~er lo said MORTGAGEE a renewal the~cof, logether wi~h a rece:pt for thr premium of such renewal; and ~hrre shall be no f~re or wi~~dstorm insurance ~
placed on any v( said bvilding~, any ir,terost the~e~n or part thereof, un!esi in ihe form and w~th d~e loss payable as a(oresaid; and in the eveM any sum
oF money becomcs payab~e unde~ such policy o? po~~cies soid MORTGAGEE shall have rhe opt~on to rece~ve and apply tfie same on accounl o( the i~debted-
ness secured hareby w ~o penni~ said MORTGAGORS lo tetei~e and use it o~'any part tncr.~of ior oti~.•r pw.oscs, v.~ino~t th~~~oi na~.in~ o~ ~mp~in ~
ing any equ~ty, licn o~ right under w by virtue of thia mo~'gage; and in ~he event sa:d MO~TGAGORS shall for any reato~ fail to keep the said prem~irs so ~
~nsured, o~ fail lo drliver promptly any ol sa~d po6ues of insurance to said MORiGAGEE, or (a~l promptly fo pay fuily any pre~muin therefq or in a~y ~
~esE~ect fail to perfam, d~scha~ge, execute, ef(ecl, completa, comply wi~h and ab~de by th~s covenant, o~ sny part hareof, said MGRTGAGEE may p~ace and !
piy fo~ auch insurance or eny parf thrrcof wehout waiving ot affec~ing any opt~on, iien, cquity, or n~ht unde~ w by virWe oi ~his Mortgage, and tht
r,!i amovnt o( each and every such paymen? shalt'oe ur+med~a~aly due and payabie and shell bear interes~ irom the date thereof until po:d at the rate o1
~.e per ce~tum per a~:nurn ar.ci rogrtl~cr wrth a~ch in~er,,yt shai~ be s~~wred hy the ~ien of Ihis mortgage.
d. To pe~mit, tommit or sufter no waste, imuairment w drtrrioration of soid prcperty or any perf thereol.
5. To pay afl and sir.yvtar the costs, chargea and ext~~ses, intludmg a reasonab!e anorney i fee and costs of abslrads of title, incurred or psid at
,ny time by said MGRIGAGEE, becauso or ~n the event of thc fa~lu~e on the pa~~ of the soid MORTGAGOR to duty, promptty and fu~ly perform, d~xharge, ~
~,ecute, effect, canpiete, comply w~th ar.d ab:de by erch and every Ihe stip~la~~ons, agreen~e~ts, condiuons, and covenants oi said pranissory note and thii
^ u~rgage any or e~~her, and sa~d cosrs, charyes and expenses, each and every, shall be immed~ately due and payable; whe~her a not there be notite do- ~
a•,d, attempt to coflect or suit pe~d~ng; and rhe (utl a~nount of each and every svch payniem ahai~ bea. inaerest irom the date tKereof until paid at the
~c uf mne pe~ cr~rwni per ann~cn; and au sa~d costs, cha~~es and expenses irxwred or pald, together w~th such imerest, shall be utured by ehe lian of this
mc~tgage. ~
b. That (a) in the event of any breach of thia Martgage or default on the part of the MORTGAGOR, o~ (b) in the event any of sa:d svms of money t
hzre~n referred to be not pro~n;~+fy and iully paid wi~hin th~ny t30) days next afrr+ ~he same seve~alty become due and payabte, without demand w nofice,
in the eYent each ard every the stipvlarions, agreernents. condit~ons and covenams of sa.d pro~nissury note and th~s morfgage any w e~~her are no1 ~
i~,:y, pro~npHy and fulty performed, d scharged, exewrrd, effec~ed, tompleted, co:npl~ed vnih and ab~ded 5y, then in e~ther or any such event 1he said ag [
a~egate svm menrione~l in sa+d prom~ssory ncie then ren~aining unpaid, w~th interest acuved, and all moneys setured hereby, shall become due and pay- f
a~; r fo~th,nith, or thereafter, at the o~*ion oi sa~d R102TGAGEE, as f~I:y and cump;etaly as ii all of rhe said sums of money we~e orginally stipulated ~
b~ ~:d on soch dcy, anything ~n sa.J p~om~ssory note or in this Mo:tgage to the contrary notwi~hstanding; anti thereupon w fhrreatter al the option ot
z,:! !iAORTGAGEE, wrhovt nonce or de~nand, s~~t at law or in equity, there'ore or thereafrer begun, may be prosecuted as if all moneys secured h~reby
,.i ~nat~red pr:cr ro ~ts ~nstitut~on.
7. Thai in the ~~Pnt ~h.~f at the hrginn:ng oi or at any ti~„e pe~~d~,;g any au~t upo~ this AAo.tgage, or to fweclose it, or fo refwm it, or to enface
...^~ent of any c:,,i.ns hcreunder, aa~d MiJRTGAG~E sha~i apply to me Coen havi~ g ~ur~sd.Uion thcrcol for the appoimment of a Receivet, suth Cour1 shall !
~h,~~rh d',~OIlII a re,e++er uf sa~d mo•tgacjed prop. rt~ ;,l~ and singula~, ir,c~~d ng a{: and aln~uiar the ir.come, profes, issues and revenues from whatever
d~rP:rd. edch ar,d evrry of ,vh ch, i! being ,raµress`y understo~d, is her,by mcrtgag~d as if speoficatly set iorth and described i~ the granting and
r~`;~~ndum ci~~ses kr.eof, ard wch Receiva: shaii h~..: ail tFw bruad ar.d eTf~ctive furtt.ons a~d powers i~ anyw~se entruated by a Court to a Receiver, and
s.:h appoinim.e~v s~:i~ be made by such Court as an ad,nitted eqvity and a n~atrer of absct~te r~gAt to said MORTGAGEE, arx) wi~ho~t reference to the
~:i~~~~acy er inadrq.,acy ot the vai~e of the property mo~tgaged or ro tne so•vency c+ ~~solvency of sa~d MORiGAGOR a the defendants, and that such
~s. prof~ts, income, issves ar:d reven~es shalt be appl~ed by such Receiver accord~.ig to the tien or equity oi said MORTGAGEE and the practice of such . '
Cc~rt.
8. To du:y, prompYy and fu!~y per`arm, d~s:harga, executa, effect, complete, compiy with and abide by each and every the stipulations, agreements,
c.~d~Nuns and covenanrs :n s~~d p:om~ssory r,cre and rh.s mcrtgvge set forth.
9. Thar in ;he event the or~nersh+p of the mortgaged prem~ses, or a~~y pa.t thereof, beca-nes vested in a. pe¦son other fhan the MORTGAGOR, the
'.'?QTGAGE`e, its su:cessors a~d ass;~ns, may, ,n;ihcuf no~~ce to rhe .SORTG:+OR, dea! w~th s~ch successor or successor in interest with reierence to this
~~•+riaye and tFw deUt F.ereby secured in the aame n:anner as with Mortgagor without in any way vitiating w dnchsrging fhe Nlortgagors" liability hert
• o:r or u~wn the drDt nnreby seu~red. ~so sa'e oi the prem+ses hereby mortgsged and no forbea~ance on the part of the /.~ORTGAGEE or its succeswrs
_.,,,[~ns and no exre~von of the tim~ fo. rne pry~cero uf the debt hereby secured given by the MQRTGAGEE o~ ~ts successws or assigns, a+iall operate
~ re~ease, dascharge, modify change or affect the o~iginai 1iau,i~ry of t~e M~ORiGAGOR herein, either io whole w in part.
10. It is sptt~fica'ly agreed that Gme is of the esseece of th~s conerau and that no waiver of any obGgation herwnder or of the obligatan se-
..:•ed hareby sha;i at any time thereafter be he:d to be a waiver of the !erms hereof or of tFx i~utrumem sxured herby.
1 l. In .;~i s:o~ •o fhe torege ~:n n or.!h'y F,ayem~nfs of pr~nc pal and inr~~iesr reqvi~ed by fhe promisscry no~e secured hereby, mor;gagor eovenanfs
~•.:i 3grees to pay to ~co:tgsg^e v.ith eack mon!h~y pa~~.•e~r. an ad3:~ior~a# s~~~ est~n:ated b~ r.~ortgagee to be equal to 1,' 12 of the annual cost of the follow-
A--A11 reat prupcrty ta~~s ~e:~_ : a+ as>ussco .iga~^sT tFc above descr(;ed r_a! es!ate.
B-P:a ...,,'~s on fire a~d r:~r.dsto-~~ ~r,s~:r. ca as i:~ra~n rcq~~ncd to be ca.rie~ en the ~mproveme~ts situate on th2 above destribed ptemises.
G-Pre~n~o+~ s on s::=!~ nwrtg=ge guaran'y ir.su-ar,ce as mo•igagee shall frcm ~ me to time deem fit to earry on the loan secured hereby. ~ ~
Mortyage? s^.= i f;o~r, :o r::•,e nor~f; ~r:cr+yago. ~n wr~nrg of th> ar.,o.,~t dve a~d payab~e hereundrr and svch surn shall thereupon be due and ~
,-+b!e on the d~e d~r• oi tF.e ~~e~~ r-on:h:y pay~nent and each se:tcessive :r.onth rhereaft~r uon! mortgagee shall notif~ mortgagor of a change in such ~
'i -_~„nt. Such s~nn s? ~ i~e ap~iied ty n;crtga~ ~e to.•.a>d the payment of rea! prcFerty taaes, insvrance prem:ums, and mortgage guaraNy insurance t
~i . _...~U'*~S. . ~ i
IN `:~IT~JfSS V.'HER_OF, rn~ sa~d ~:ORTGAGOR i,as hcre~~to ser his hjr,d and seai the day and ear fi~~1 afwe ' ~ ' F
~ Sgned, Seated and d>iivered in the presence of: {
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~ (,.=e~c~~~v~. - (Seeq ~
~ (Sean
C ~ (Seep
~ -
='ATE OF FLOR A 1
?ordiY OF ---~~r_s IalC~6-- - i . SS.
Before me persor.ai!/ anpeared R0~@T~i A. Swisher~ Jl'. ~
_ ~r~.~ri{t, to me well known and known to me to be
end~v~duat d~scr~5ed in and who exec~~~d ~he foregoing inst~ument, snd acknowledged befwe me that he executed tne same for the purposbs i
f .=~e~n expressed_ 'ltnd~f~C'Yeld~___'
~ •"`k~d~Mr~'s~ditf~---------------- cpe+*a~epe~ele'a~elT~+~s~e
; 'ZT~N'lT~~~T1kg~elel~m~arN~~wd.~rw.F~o.n.he~~a:ii~w~awii-~clra~~rleigei.~~r+~.b~fcr~w~~~~~w~cw~d.~rid.iwYw~w~?~d~raod.tiol~~-
# -?.+T+wd~wwl~o~w.~ ~pw~~ww~-a~e?~.~ri.w+?i»r.Ni~~wiaw~s-
~ Y~IiNESS my hand and offit al seal thrs__ __-_1C t~__ day or_ Februa A. D. 14~
fi ~
3 f~LE~ ~R:C~(; ary Public in a f t Sta e of flori V1~
s ST. ~UCIE COUMTY •~ommiss'an ex ires: J'~,
j.?1'~ j ~~~~~~~J~ ~~i~
~ Return To: RdCE~ F~?ITRAS , /
~ CIEP.K C~::i,l~iT COURT ~'~Ota'y ?~+b1ie. 3~et. ei ~
r~.at Federal Sa++ngs 3 loan l,sso;iat:on p~ ~
j Rf~4R!: VEA~FIEO~.~.~ ~Mp Cea?w~issi~n Expira~' Jel ~
~ O. fort Fcrce, ~ Y~~' ~~7~y •~~Yi
3 ~ended by American F~irJ~fp Cosu~ -:~Z
~ fort Pia~ce, Flo•~da fEe t0 3~s PH ~Z , ~_3; a' 3 ~
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~
e ~v'•.~ ~ i`
~ This Instrurrent Prepared By E. BY'8W1 j~~~ ~-1~1 ~ ~ ,
~ First Federal Savings & Loan Association ,t - ~
~ of Fort Pierce ~ Flo~'3.da ~~~~t~=~:~i:t'~~
~ Checked By
~
~ R c~~ ~p
~ 800K~?cKJ PACf ~D~
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