HomeMy WebLinkAbout1118 3. To plac~ and con?Inuou~ly keep on th~ bui:dirgs now a hereaha ~itw~~ on iaid I~nd ~nd on ~11 equipn~M ~+~d p~rtonally covNed b~r tiy p~atP
sg~, with ~11 p~emiums ~herew? p~:d in full. fir~ in~.,ranca in ~he uiual st~~da~d policy farn, in • fum approved by tM MORTGAGEE,. ~nd y~atwiw
inaunnc~ in IF» uswl sqnda~d poGcy Iwm, in • sum ~pproved by IM 1NORTGAGEE, io wch company w tompanip M IIN MQ~tGA4EE nNy
d~r~dt ~~d ~tl fir~ ~nd windiwrm insur~nc~ polkies on any of ~aid bu1'd~nq~, any inter~si ~he~~k? w part thsrwf. In Ih~ ~pprpati ~!w ifw~Kld o?
In extea therao/, shall contain the usual sland~rd matge9ea tlaus~ o~ suth other claus~ u 1h~ Morlgagus may rpuit~, makiop 11» bas w~ laid pO~E
c~ef, exh and eve~y, payable ~o s~id MORIGAGEE ai ~ts interest may appear, and each and avery tuch policy thall b~ promptly aas:yeNd and dtliwted to
any h~W by sa~d MORiGAGEE sf turther fecuriry to s~id n,ortyage debt, •nd, oot !eu 1Mn ten (10) dayt in adwnt~ of tM ~xpkation ot eacf~ poliey. tO d?
I~ver to said MORTGAGEE s renewal thercof, toyelhar wi~h a rrceipt fw tha premium of such renewal; and then ?MII a ew f'o~ a winduam ir+s~xanc~
pI•c~d on any of saed b~,ildinps, ~ny imaest therein or p~rt ~he.eof, unirsl in the form •~~d w;th ~hs bas payabl~ as •fonuidj w+d ie~ tlw ~wnf ~ny wm
ot mon~y becpne~ payable under such policy a policies uid MORiGAGEf shall hav~ ~M option lo recaw end apply 1M s~me on atcoun? 01 1M Md~bred~ _
ness secured horeby a to pe~mit s~id MORiGAGORS to rcteive and uta it p•ny part ~hereof for othcr purposes, w~~hout Ifi:reo~ waivi~v~ o~ ~mpair- `
ing any equity, lien a righl urx~e~ or by virtue of this mo:e9~ye; and in the event ia~d MORTGAGORS ihatl fq a~y reaw~ fail fo keep the s~id prtmiies so
iniured, q~ fail ro deliver promptly a~y of seid po~~cies oi insurance to said MORIGAGEE, w fait prumptly to pay fuliy ~ny premi~m the~efor w fn any
reapect (ail to pNfwm, dhcharge, e:rcute, effect, complete, cosnply w~~h and ab~de ty th3s coJenani, w sny pa~t AareoF, said MORiGAGEE may place •nd ~
pay fw such insurrncs or any part thereof without waivinp or aftectinp any option, lien, equity, o~ right under or by vi~tue of ~hif Matpage, and tt~t
tull ~mount oi each and evc~y such payment shaN be ~mmedi~rely due and payabte and ahall be+r intere~t from the date thneof uo~il p.id at the rate ol ' "
~,~ne per centum per annum and to~rthrr with such interes~ shali Ge sewred by the I:en oi this mortgaga ~
I. To permil, commit p sufter no wasre, impairment w deter~oration of taid property or a~y part thereof.
S. To pay al) and singulsr the costs, charges and exps~ses, including a reasonable attwney i fee and wsts of abstracts o( titla, incvrr~d a paid ~t
~ny time by sa~d MCRiGAGfE, because or in the event of the fa~iure o~ the part o( the said MORTGAGOR to duly, promptly and fully pe~fwm, d~scMrgs.
e,ecufe, effect, comptete, co~nply w,~h and ab:de by each ~nd every the stipulst~ons, agreertients, condiuwu and covanants oi said pranissory no~e and thi~
r.o: tgage any w either, and sa:d costs, charges and expenses, each and every, shall be immedulely due and payable; whethe? p ewt there be r+otice de
mand, attempf tp coiletT or avit pend~ng; end the full anwunt of eath and tvery such payment thall bear interesl (rom the dale the~wf until paid ~t tht
-.+~e oi n~ne ~xr centum per aa~wrn; and ak said cus+s, charges and exper~ses lntu~red ar pa~d, topeiher w~1h such intere~t, ahall be setured by the lien of thw
mortgags.
6. That (a) in the event of any breach of this Matgage or defaut~ on the part of tFx MORTGAGOR, w(b) in the evenl ~ny of said tw~q of money
herein referred to be not promptly and Iully paid w~tf~in ~huty (3J) days next atter ~ne same uvtra:ly become due and payabk, witFw~t dem~nd w notice,
cr (c) in the event eath and every the stfpulations, ag~eements, ca~d~lions and tovenants of sa~d p~omissory note and thla mortgage a~y a either are eot
i~:y, promptly and fully pe:(ormed, dscha~ged, exec~ted, e;~ected, cwnpleted, complied with and abided by, Ihen i~ either or any such eveM Ihs said ag
3~r~ate su:n mentaned in said promixoty nore than remain:ng unpaid, with interest accrued, and all moneyt secured hereby, shall becomt due and p~y.
eb e torthwith, ar fhereafter, a1 the op!ion oi sald MORiGAGEE, as fully and compte~ety as ii •II of the said sums of money were o~iginilly stipu~ated
to kx pa:d on sucA ~+ay, anything in sa:d p~om~ssory note w in this Matgage to the contrary notwithstand~ng; and thereupon or thereafter al the option of
sa:d •'rRORTGAGEF, wirhaut not;ce or demmid, suit at law er in equ:ty, thereiore a thereaher begun, may be prosecuted es if a11 moneys secured hereby
. :d matured pnor ro ~ts ensiitution.
7. That in the event that et the beginn~ng of w at eny time pending any su;t upon this Morlgage, or to fwecloae if, or fo refwm it,'or to enfap
,.•;rnent bf any uaims here.,~der, s,~id MORTGAvcr shail apply to the Court having j~risd~ction thereof for the appointmem of a Rece~ve~, iuch~Coun sh~Il
~~•h,vrth a;.pofnt a rece~ver of sa~d ~nertgaged property atl and singu:ar, indud,ng a:i ar~d singu~ar ehe income, p~oF~ts, iuues and revenues trom whatever
a; .:-cc drrived, ea;h and e•rery oi wF:~ch, it being eapress!y vnde.s~uod, is hereby mortgaged as if speufically set fwth a~d dexribed in the granting and
r,~ c~dum cla~ses he:eof, and such Receiver shait h~ve atl the broad and effeuive func!~ons and powers in anywise entrusted by a Gourt to a Receiver, and
s.,h app~inrment shail be made by a~~cfi Court as an admit~ed equity and a mauer of abso~ute rigM Io said NtORTGAGEE, and withcul reftrence to the
' ?~_~a:,acy or inadequaty of the va~ue of the property moi~gaged or to ~he so:ve~xy or maolvency o( said MORTGAGOR d the defendants, and that such
~s, profits, income, issues and reven~es shall be app!ied by such Receiver accord~ng to the lien or equity of said MQRTGAGEE and the practice of iuth
C ~ ~rt.
8. To du!y, promprly and fuNy perform, d~icnarge, eaecufe, effect, comp{cte, comply wiih ~nd abide by each and svery ths stiputafions, sgrcemenfs,
,•~:daions anC covenants m sa~d prornissay note ar~d fh~s mortg.fge set (orth.
9. Thar in the event :he owr.~nhip oF the mo.tgaged prn~-,~ses, a a~y parf tF~ereof, becomes vetted in • person other than the MOQTGAGOR, the
:"RTGAGEE, ita successo~s a~d rss~gns, may, wi~ho.,~ noike to !he P:.OR~GAOR, deal wi~h such successw w successor in imeresl with re~erence to lhis
' •gage and the debt hcreby sxur~d m the same manner as w~th A~.o~tgagor without in any way vitiatirv~ or dixharqing the Mortgsgors' liability FKrr
• d•.~~ or upon the debt herety secured. No sa'e ai the ~rem;ses hereby mortgaged and no forbearsnce on the pan of the MORIGAGEE p its suCtessors
• ossigns and no extrns~on oF the nme for ihe payment of ri;e drb~ 6~reby sec~red given by the MORTGAGEE or ita sutcessors w auigns, shal: operals
~~e'ease, d~scharge, modify :tiange or affec~ the orig~~~ai liau:lay of ihe /J.ORiGAGOR herein, either io whole w in part.
10. H is speuficaily agreed that time is oE !he esaence of rhis contract and that no waivH of any obligation hereunder ot of the obligation se-
c_~red here6y shal! at any time thereafier be 'r:c!d to be a waiver of the terms hereof or of the ir.strumeM secured F~erby_
11. In ~dd:tic, : ro the fwegc'~~a rno~rh!y ~;jy~n~r;a of pr; ~c pa! a•~d imere:t reyu~+rd by the prom ssory no!e seccced herebf, mortgagor covenants
+°:i a~~ees ro pay to mortqaqee with each monm~y pay~••eM an add~rional svm es!~:nated by mwtgagee to br equal to 1 j 1~ of the;nnual tost of the folbw-
A-Afl real property taxes lev~ed or ~~:xssed aga~•.st thc abave described real estate.
B-Prem~ums on f;.e and w~rdsto;,n •r.su~a~:ce as here~n requ~red to be car.(ed on the imarovemen~s situate on the above dexribed premises.
C-P~em~ums on such morrg;ge yuaranr~ inwra~.ce as morl3agee shail fro~r. ume to time deem fit to carry on the ban secured he~eby.
Mongagee sha:l irom t~me to t~:.:e nat~fy morryager ~n wr~t:ng of the a*cou~t due and payable hereunder and such s~r.n ahall thereuppn be due and ~
.~h~e on the due date of ihr next mo-~t!::y payment and eacfi svccessive m.~nth thereaher ur,fii mortgagee shall notify mortgagor of a change in ~uch f
~,~nr. Such sums sF.aif be appiicd t;y mortgagee toh•ard the payment of reai property taxes, insurance prem:ums, and tgsge guaranty insurance
, iums. .
' IN WfTNESS ,1/NEREOF, rhe seid M,ORTGR has hereunto set his hand and seal fhe day od y first afor id '
~ Sig Sesled and eliv prese of: ~
E
~ P M. Le m ng 'n
~ _ _ _ renda E, Leamin ~+n
f
i _"-TE OF FLORIDA
~ ~-;u'JiY OF St. I~UCle ~ S5.
~ Befwe me rsonail a Peter M. Leamin
[ P~ Y PP~ared 9
~ E? renda E. Leaming his wife, to me well known and known to me to be !
~ _ individvaii described in and who executed the foregoing instrument, and atknowtedged before me that they executed the iame for the pwpcues
~ e•eln expressed. And the sa~d_ Brenda E. Leaminc~
~ of the :a~d Peter AI. Leamin~ upon • separste and. priv~t~
~ ~ ~T nat~on by me taRen xparate and apart from her w~d husband, ackrawledged to and before me that she executed said instrument heely apd volvn- '
y and r.ithout any compulsion, constraint, apprehens~on, or fear of or from her taid husband.
~ - . :
~ WIiNE55 my hand and official seal this.__ ~a
~ day of ~ebruarv s_~ ~ p..t9~ ;
' ~ r ' ~ 1
•
k
; . Notsry Public i nd the State oE'~ .'~l'Lii~s.,
My Commission apird: . ;
-
: Rerurn Io: 7?.2 - 7 7 Netwp Pub~~t.. i~o».~f ~ids~~~, ;
~ ~~rst Federal Sav;n3s a Loan Aswciat~on µr Cq~w~issiM E! ~ ~
3 Of fort P~erce. _
d b Am~~Km~ Col C~, -
~ Fort P~erce, Flori da r ~(~j ~~•i
~ . ~
~ . ~```~10 N - : , ,
: fLt0 A!1~ RE~1RaE~ " ,
~ W41E COt1M Y ~ n~';, ~"t.
~ This Instrument Prepared By Gary F. Ellwooc~ ~pQ~R PO~TRA: ''1f,,,,,:Q.~^ 4
F~rst Federal Savings & Loan Association
~ ttERK CsRCU~T COURt
~ of Fort Pierce~ Florida ~E~sRQVER~~~~D ~ t ~ ~
~
~ Checked By £J~ ~3 9 ~ ~ ~~5 ^ ~
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~ . ~ . ; : ~ ~0~2~~ ~1~.~.8
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