HomeMy WebLinkAbout1565 3. To plau and continuouely keep on ~he bu~.'d~ng~ now or hereafter ~;Ivet~ on sa6d land and on sli equipment •nd penonally cove~ed by ~his mpt¢
ege, wi~h all premiums the~eon pa~d in full, fire iniurance in the u:ual staiv~lard po4cy fwm, i~ a sum ap`uov~d by th~ MORIvAGEE, •nd winduo~m
insur~nct in tM u~ual sranda~d pol~ty 1am, in • sum app~ovrd by the MORTGAGEE, in such tomp~ny o~ tompanies u ~ht MORTGAGEE may f. ~
d~.ectj and all fin and w;ndsiorm inswance poticies on •ny ot s~~d budd,ngs, any inter~~f Ihe~eie w part the.eof, io the ~}~greg~~~ tum afueuid w
In excess Ihcreof, shall contain Ihs uwal sfar.dard mortflayee cla~se or such o~Mr dause as IM Ma~qaget may requu~, makinp Ihe lo~s u~de+ sa~d po1F
cie~, each and every, payabt@ ~o uid MJRTGAGEE es ~ts intrcru rnay appear, and each and every vxh po~~cy shall be prompNy au gn~d a~d delfvered tp
eny held by said htORiGAGEE •s (urther security to u~d mo~l~ege ~ebt, and, ~ot !e» than ten (101 dayt in advance of 1he expiration of each polity, Io dt
Gver to uid h10RTGAGEE s renewal thereof, toflHher with e rece~pt for the p•emium of such re~~ewal; and Iher~ thall be no f~ro or windsto~m insur+ot~
placed on any of a~d build~ngs, any in~erest Ihereln w par~ tnareoF, unless in the form and w~fh the loss payable as sfassa~d; end in ~he evant any sum
of rtwney becpnes pay~ble unJer ~uch policy p policies s~id A10RTGAGEE sFull ha~~ the opt~on ~o rsceivs and sppfy ths iame on account of the G+debted~ K.~
ness tecured hereby or ro permit said MORTtiAGORS to receive and use if d any pa.t the:eoF fo~ or~rr purposes, witM~t ~h~.ab~ tiveiviny o~ ~mpaio-
ing any equ~ty, lien a right under a by virtue of thie mo::gaye; and in the event sa~d MORTGAGORS ahall fw any reason fail to keep the said premites w
i~svred, or fail b dtlivor promptly a~y of said pol~ties of insurance to said MORIGAGEE, w tail promptly to pay fu{ly any premium therefp o~ In a~y
~espect (ail to perform, d~scha~ge, execute, e(fec1, compiete. corr.ply wirh and ab~de by this covensnt, w any part hereof, said MORTGAGEE may piate •nd r
pay for iuch insurence or any part ~he~eof w~thout waiving or atfectiny any opt~on, I~en, eqv~ty, or right unde~ or b~r virtue oF this Matgaye, and the
f:;!i a~iwunt of each and e.e.y such payment ihall be im~nediately due and payable and shall brar interest f~o.n ths date thereaf until pa~d at the rate o1
:e pet ceroum p~ annum and ta~ether H,ith wch inte:ri+ shalE be sac:.red by ~he lien of this mwtgage. .
4. To perm~t, commit or suffer no wasre, impaicment or deterioretia~ of said proNerty w eny pa?t thereof.
5_ To pay all and singuta? the cwts, charges and expenses, inciuding a reasonable aftwney i fee a~d cos~s oi abstr~cts of title, incurrsd or paid ~t
3ny time by said MORiGAG:E, betause w in the evant oi the fa~iure o~ the pert of the said MORTGAGOR to duly, promptly and fully perform, d~xharge,
execute, ei(ect, completa, compty w~th and ab.de by each and every the stipulat~ons. agreements, condi~ions, end covenann of sa~d p~an~ssory note and this
~:artgage any or either, and sa.d costs, ch~rges and expenus, each and every, ahall be immed~ately due and payable; whe~her w oot there be no~ice ds
mand, atrempl to coll~t or suif pend:ng; and the full amount ot rach aRd every such peyment sha~! bear ~~tereat from the date the~eof until paid p 1Fk
u' n+nz per centu~n par am~~:~~; anC aU se~d .osts, charges and rxpansrs u~c.urred or pa~d, together w~th suth interest, thalf be secuted by the lien of thiu
mo•tgage.
b. Thnt (a) in the event o( any breach of ~hia Matgage or defa~~!~ on the pait of the l~10RTGAGOR, a(b) in the event s~y of uid sums of money
herein referred to be not prompNy and tully peed w~thir, thirty (30! days ne,n a!err tt~e same sere~ally becorne d~e and payable, witFwut demand Or e?otice,
or !c} in the event each and every the stipulations, ag.eements. condlt;ons and covenants of sa~d promissory note arul thls mortyage any p either are no1
:~iy, promptiy and f~t:y performtd, d schary~l. executed, eifected, co,npleted, comp:ied wrth a~id ab~ded 5y, then in e~thet w any such eveM the said ag
~regate sum meniioned in said promissory no!e Thrn remain~ng ~npaid, with intereit accrued, and a~l monzys setured heteby, shall become due and pay- _
ab,c forthwith, or ~hrreafrr~, at ~he opf~on of sa~d h10R1GAGE[, as fully a+d coripie~t~y as if atl of t4te sa~d sums of money were aiginatly stipulated
r~ be pa~d on such d~y, anyt}~~ng irt :a:d prc n ssory note or in th~s Mortgaa~ to the comrary notwithstanding; ar,d thereupw~ or fhcreafter a~ the option of
z+.:l /~10RTGAG"cE, wnF.oW not~ct or damend, surt at law er in equ;ty, the~eiore cr ther~~aS~er begun, may be prosecuted as if all moneyt secured hereby
n:d mat~red pnot fo its ina~~tut~on.
7. That in tbe erent tha~ at the be~inn:ng ~:f o~ at any time pend~~:y any su~t uy.~c•~ this Mortgage, w to foreclose it, or to reform it, or to enforte
;.~<:r,ent of any c~.~~ms hereu~der, sa~d h'.OkIG:,v'.t sha~' a~~ply to the Court h~::rq ~~r~sd:u:a~ thcreol for the appo~ntment of • Reteever, suCh Court shall
r~ch.v~rh appoim a recer+er of srid RJ'T~dj~J prcp.rrtf a" and sir:g~lar, inciuci.-~g a:i and s~n~utar the income, proFits, iawes and revenues from whatever
s,•:e dtrivad, e:cn and every of wF~kh, if E,.~~.~c~ r<press!y un~ers:cod, ~s he~euy ,nxrgaged as if spec~ficatly xt fonh and described in the granting and
~~~.endum c'avses Fer~rof, and s~ch Rece~ver shaii h,,.a al: the b~cad and e{fec~,ve furc~:;,ns and powers in anywise entrusted by e Court to a Reeeiver, and
s ch: ~p~;ntment shaU be R;+de by such Ccur~ as a~ adm^t._d ~qo:ri and a matter oi abso~ote right to said NORTGAGEE, and withaut referente to the
::.a.:acy o~ inadeqwc7 of tt~e vaivn of fne proprn~ moregaged or to ~%~.r so:.~ncy c. ~n.olvency of seid MORiGAGOR a the defendants, and that such
~~s. profits, income, issues and revenues sna~: be appl~ed by su:n Recener accoru~ng to the !im or equity of said MORTGAGEE and the prattice of such
,rt.
8. Te du!y, promptty and ful!y per(o{m, d~scherge, exec~te, effect, complete, comply with •nd abide by eath ar+d every the stipufatro~s, agreements,
d~~~ons and covenams i~ sa~~ promissory note and ~h;s mor~gage set fo~tti.
9. That in ihe event rhe ovmership of thr m;,rtgaged prem~ses. o. any part thereof, b_comes vested io a person other than the MORTGAGOR, the
::RTGAGf;, fis s~ccessors ar.d assign:, may, w~=how nor;ce to the A'iORTG~OR, deai w~~h auch successa or successw in interest with reference to this
'gaye and thr deL-t hereby secured in thc same manner as with Moitgago+ rv~thout in any way vitiating or dixharging the Nbrtgagors' lisbility he~t
.,r cr vpon ti~e debt hereuy sco~:cd. No sj'e of the prerr,ises herebq mongaged ard no ~orbearanee on the pan of the MORTGAGEE w iri suecesson
• au~gns and no earcns~o~ of she hme for tF.e pay:r.ent of the debr h~rehy sec~red givc~ 6y the MORTGAGEE or its futtessors o~ auigns, sl:all operate
_,e eese, dacharge, mod~iy change or afiect the or;g~nal :iab:::ty of the MGRTGAGOR here~n, either in whole a in part.
10. It is ipetificslly agreed rhat t~ms is of the rue~ce of fh;s coniract an~ fhat no waiver of any obfigation hereunder or of the obligaYan st
.u~ed hereby sha;t at any tin~e thereafter be held to be a waive: of thr terms hereoi or of the instrumeM secwed herby.
11. !n add t;ue !o the forc~o ~~g rr.o~•th'~ ~;3~n~nts of p:i: a! and i+:!erest reGu~red by tfie prom~swry no!e se[ured hereby, morfgagot tOVenants
~:i 3gr~es to pay to ^~ortg~yee ~h~~h ra;h raCnth'y :.ayr:~er.T ort aJci ~ioral w~n esn ~,steJ b~ mo:tgagx to be equal to 1;'12 of ihe annual eost of fne follow-
A-Alt rcai propcrty tawrs •e•li~d or 355°siv;~ ay~rist rh_• aLove desvibod r~a~ es~ate.
6-Pr.rr:~~•,s on t~re and va:cdsto•~n ~csu~arce as ne~ein ~eq~:red to b•• ca~ri~,d en the ;m~roveme~ts si!uafe on the above desc~ibed premises.
C-Pren.~v~++s on such ~:~~:;~ge gva•af,ty irsurar.ce zs mo•fgagee sfi3(i freT r~~-e to time deem fit to carry on the ban secured hereby.
.!o~tgagee she:( f~~m !nr~~ tn ti•~~e r:o+•!; rr:p•tyry~: !n wtiLn~ of tne a~-ou~t d~e and payable hereundar and suth sum shall thereupon be due and
.~~`e on tne du? dete of ~hz r,e,e1 n,~rnh'~ cay~*:e•,t and e.:th successive rrc-~!fi rF,~reafTCr untii mortgagee shall notify mortgagor of a change in such
nt. S~ch wms sF.a:i 6e appiied 'oy morty~~ re r~hard rhe paymenr of ieal pro~erty taaes, insurance prem:ums, a~~d mwtgage guaranty insurance
. ~ •~.~ms. -
If~ \YITDdESS Y.'HEREOF, the said 1rORTGl,GOR I~as hereu~to set A~s hand and se~l the day and ear first aforesaid_
! Signed, Sealed and del:vered in th~resence of: _
I ~ -
Susan fiaze , a s c~ e ac~~t
z
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~ - - - - - - . ~se.n
E _"H:E OF FIOR A
~ - S t. 1_lIC 1 C' Si'
,;,'•lTY OF _ ~
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~ Beforemepenonaiiyappeared_-_~___ SUSaT1 }{ilzellief~ a single F1C~Lllt
- .nd
~ ----------------------------------------------------his-wif~.tomewellknownandknownrometobe
_ ~ndivid~al described in and who execvted the foregoing instrument, and acknowiedged before me ihat.she exetuted ihe same for the purposes
; r~.~~e~nexpresud. iMiaid------------------------------------------------------------_-_-___
a . ~F; - • : . ~ .
? r,.:c..a,~+~re~lM~'~j~liy^ ' - .
~ ~ , - - - - - - - - upw~ ~ ~epssaissnd pawt~
-.,-•rnefr,~,~
~ jr,~/ .teke+YqS~-an~ aaart from fie?~e;~ fiosban~ bcicnoxkdged tv-arsd befare rt?e tfiat-sf~e' exeeDtEQ sai~insirwr+ewt-tse~l~ and-+at~rw.
~ ..%-~M1Y"{ ~ r eoMk~M,-aPPrehens' n~•/a feerd-o? from fier saic~ht,sbsnd.
4~ilfNE~~ny hand:at~d ~F#ic~a! seal th~s day of Februa r a p. 1975
- . , l`1 t .
r~r r ~-s~6:
' ' . Notary Public i { the tate of Fbrid~ at larpe
~ ~f/ ~7 • .!~~i . My Commission apires:
x , V L k~+ ~ No+a.p rrblt~, sroa of ~w.tda a~ b.q.
Firsf`p0~6tt(.~k~~~oan Associat:on ' Mp Co~ww~issien Eapires lvhr 22, 1l7~
r ~P.erce. Mnded by Mxriean fi~• 6 Cui~oty C~.
`~f~i'~ice; Ftorid3 i
, ~"'~r.,. .
r ~ ~Q ANO RE~oac~t
~ f~.IUCIE ~4~ tY F ~
~ lIOGER P~ItIUS
~ This Instrument Pre ared B G~ 1' F. E1 lwoo~' CLEAK ~~~'~~~T COU~T ~
~ First Federal Savings & Loan Associationy 1tECORO ~Eq1f~~0~ `
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a of Fort Pierce , Flo r i r'a ~ 39 ~~5
~ Checked By
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