HomeMy WebLinkAbout1784 To plac~ and continuously keep on the bu~:dings now or F~ereafrer iiluate on ~aid land ~nd on all equipmen~ and penonally covered by ~hit maty-
ege, with sll premiumt thereoo pa~d in full, f~ro insurancr m the usual a~a~dard ydrcy form, in a sum approved by Ihe MORaGAGEE, a~d w~nds~wm
~~suru+ce in ~M usual ~~andard pol~cy fwm, i~ • aum ~pproved by ihe MORiGAGEE, i~ such company w ton+panies +t ~M MORTGAGEE may
d~rect; and all fir~ and w~ndtitorm insurance poGcies on any of sa~d bu~~d~ngs, eny interost thereio o~ part thereof, in the aggrr9a~t sum afo~e~aid or
in excesa thereof, shatl cw+rain the usual standard matgagee clause w tiucfi other ciauie ss tM Matpage~ may requ~re, m~?iny the Ioia under s~~d po1F
c~rs, each and every, payab~e to said MORTGAGEE as ~ts intrrr~t may appoar, and each and every :~ch poircy shalt be promp~ty ass gned and deGvered ~o
eny hetd by sa~d MORTGAGEE as fvnher security w aaid mo+tg~9a debt, and, not less than ten (10) da~~ in advance of the expirit~on of each poGcy, to d~-
t~vc~ to said MORTGAGEE a renewal thereof, togethe~ with a receipt for the pr~mium of such renewai; and ~here shall be no fir~ or wi~ulstorm insur~nte r-~
p!~ced on any of said build~nga, any iNerest therein w part thereof, un'rss in the form and w~1h the loss payabte as afwesaid; and in the eveM any sum
ot money becomet psyable undc~ such poiicy a poGcies sa~d MORTGAGEE shall have the option to ~eceive and app!y the same a+ account of the indebted~
ness secwed hereby or to permit sa~d MORTGAG025 to receive and use it or any parf there~l 1or othrr pu~i oses, vr~~hout ~h,raoy •xa~~~~~g er ~n+pair• .
~ng any equ~ty, lien ot ~ight undar w by virlue of this mo:'gagc; and in the eve~t sa~d MORTGAGURS tha1) for any reason fail to keep ~he sa~d premius so
ns~red, w fail Io del~vei promptly any of said policies of insurante to ssid MORTGAGEE, or fai: promptly to pay f~lly sny promiuin therefw or in any ~
.rsFect lail to pertwm, discharge, ~x~ute, effect, car~p:eta, cornpty with and ab~de by th~s covenant, or any part h.~eof, seid MOR7GAGEE may place a~d
~n~ tw such insuranre or any part thereof wi~hout waiving o~ a(fecrin9 any opt~on, Iien, equ~ty, or r]ght unde~ w by virtue of this Mor~gage, and Ihe ~ ~
amovnt of each and every svch paymeM shall be immediately due and payable and shall bear iroerest from the slate thereof un~il paid al the rate ol ~
e per centum per annwn and to~ethrr ~n,ith sv;h ime~est shail be secured by Ine lien of th~s mortgage.
1. To permit, commit or ~u((er no waste, impairment w deter;orotiun of said prop?rty or any part the~eof.
5. To pay •11 and singular the coats, charges and ex~xnsrs, inc{uding a reasonable attwney i fee and cosfs of abstnctt of title, incurred w pa~d at
~ny fime by said MOR1GAGfE, because or in the event of the faiturc o~ the part of ihe said A10RTGAGOR to duly, pramptly and futly pe~lorm, d~scha~ge.
e~ccute, etfect, complete, comply wnh and ab:de by each and every the stipulations, agreements, tondition~, and covenants of sa~d promiiwry note and thii
ro•tgage any or e~~he~, and sa:d costs, charges end expenses, each and every, shall be ~mmrd~atety due and payeble; whcther w not there be no~ice da
~;,:l, attampt to co~~ect or suit pend~ng; and the full amount of each and eL~ery such paymem shall bear interest from the date thereof until p~id tl the
o~ n~ne j.er centum Eer ann~:n; and all sa~d costs, char~es and cx;,rnsea irxvrred w pa~d, together w~th such interest, shal~ be secured by the lien of this
m~rt9age. F
6. That (a) in the event of any breach ot this Mortgage ar default on the part of tt~e MORTGAGOR, or (b) in the evenf ~ny of said sums of money
heretn referred to be not prortiptly and fufly peid within thuty (30) days rtext a11er the same severa.ly become due and peyabte, without demand w notice,
~r ic) in ihe eveM eath and every tht stipulations, agreemeMS, condi!ions and tovenants of sa.d promissory note and this mortgage any or eithet are not
i„ y, promptly and f~ify perfo:med, d:s:harged, executed, etfected, compieted, compi:ed w~th and abided Sy, then in either p any such event the said ag
3rc3ate sum mertioned in said promissory note then ren~aining unpaid, w~th imefcst accrued, and ail moneys seturcd hereby, shatl betome due and pay- •
rc, e forthw~ith, or ihereafrer, at 1hc op!~on ef sa:d M0~21GAGEE, as fufly a~x/ comple!eiy as ii all of the said sums of money weie originally stip~lated f
,o be pa:d on such day, aoything In sa d pro•n~ssory note o: ir. this Mwrgage ?o the cont.ary notwithstanding; and thereupo~ or thereaffer a~ the option of
s~~ :i MORTGAGEE, w.~t:out nonca o. demai:d, suit at law or in equny, thereio+e w thrrealter begun, may be proucuted as if ell moneys secvred hereby
~.i mat~red pnor tc rts inst~wtion
7. That ~n The event rhat at the beginn~nq oF or at any time Nending any suit uFon-this Abrtgage, or to foreclose it, or to re~orm it, or to enforce
+:~rnt o~ any cia~ms ~ereur.de-, sald A!ORTGi.G~' shalt apply !o fne Cc~rt havrr~ ~u~isd:ction thereof for the appointment of a Receiver, su:.h Court shall
•.•:.~~h ac.poim a receiver of sa~d rno:tyayzd prop~•:ty a:I and ei~ig~~ar, indud.ng a!1 and s~~qu~ar rhe income, prolits, issves and revenues from whatever
s:.~ derived, ea:h and eve~y of wh:c~, i~ being express'y undz~stcod, is hereby morsgagrd as if speufically set forth and despibed in the granting and
~~ndum c:avses herc-ot, a-~d such Re:e~ve: shalt haie alf ihe br~,ad a~d efiechve f~nct~ons and powers in anywne eMrusted by a tourl to e Receiver, and
s a~pointmpnt snatl ne made 6y svch Co~rt as an ad~•uned eq~ity and a ma~rer of absoiufe r~gM to said MORTGAGEE, and witMdt reference to the
.:c.~:rscy or inadequac~ of the va:ue of the property me~rgoged or ~o the so~vency or +nsoivency ot said MORiGAGQR a the defendants, and that such
~s ~rofrrs, income, i~sues and re~enues shatl be appGed by wch Recriver accord~ng io the lien or equity oi wid MORTGAGEE and the practite of such
~~JfT. ~
8. To d~iy, prompt:y and fvfly perform, discF,arge, execute, efte.t, compirte, comply with and abide by each and every the stipulations, agrcemeots,
d,l~ons ar.d c.:+e~aMa m sa~d prom~ssory ncte and this mortgage set forth. i
3
9. iF:ar ~n the eveni tFe ovmersh~p of ~he morlgaqed ptemises, or any part tr~ereof, Eecomes vested in a person other than the MORTGAGOR, the `
. ni~,AG;c, i!s suaezsors anJ ass~-~ns, n,ay, w[:F~nv* ~,::+:ce to s^~ .,AOR?G:,O~, deat w~th such successor w successor in interest with reference to this
, r~age ard t~e d_bi herrby secvred in ti~e same manner as x•:th Mortgagor w~th.^.ut in any way vitiating w d~scha~ging the fdortgagors' liability here-
oc upon the de~t t;e:eb~~ ScLV~C3. ~:o s;'e cf :he F;e~,uses herebr ~r.ortyaged and no forbearance on the part of the /dORTGAGEE w its suctessors =
:-,s;:gns and np ewtens~on o4 the timz Eo+ the pay~re~~t of t:~e debt hereby secureJ given by the MORTGAGEE or ;ts successors or au~g~s, alzall operate i
•_aae, d.scharge, mod:fy cha~:ge or a!fett the org,na! :iao ~rty of tne N.URTGAGOR here~n, either in whole or in part. ~
i0. It ii spec~ficalty agreed tl,a~ fi~nr is of the esse~~ce of thrs conrract and that no waiver of any obligatlon hereunder w of the obtigstion se-
~:-ed hcreby shali at any ~in:e thereafter be held to be a waivrr of the terms hereot or of Ihe instrumeM secured herby. ~ i
I 1 In "add s~o~ to the fore~o ~+g ~"o•~:h;y ,~~man;s of F~i:~c F;af ar~d i~r~•resT required by the promiswty note secured hereby, mortgagar eovenants ~
. a~-ces ro pay to mortganee v~~h r~ch ~~.omh;y pey:nen: ~n add.rionaf sum ev~n:ated by mo:tgagee to kx equal to 1 j 12 of the annual cost of the follow- f
~ ~
A--A!I r~a! prooc:.y tax:s I?vi O~ d55^SS~~O d33i lS0 th~ a6ove desc~i5rd real estate. ;
B-Pre^:~v:-: crt !~.a and w~ndsr~+~n ~r.su~a~ce as ne~eln r~q~:.~ fo be car~~ed c~. the im:roveme~ts situate on the above dasaibed premises.
C-P:em~vn-s on suc!~ m~rtg:ige ~uar~:.ty Icsura,.ce as mo-rgagee sha~i 4rom s~:re time deem fit to carry on the loan secured hereby.
Mortgegee sha'.~ from ti~~e !o ':r~e ~}cr,f~ me~rg~~x m wr~Ang of the a-.oum dve and payable hereundtr and such sum shall thereupon be due and
! ,,r.!e a~ fhe ci,~e ciate ai i~e ~~.x~ -•:~,;h:; pa~ment a::d e.:ch success~ve ~rc~,~n ;hereafs~r ur,til mortgagee shall notify mongagw of a change in such
i ~r.r. Such sums sha~l te app~~:cd 'cy mortga3:•e to.va:d ~he payment oF reai propeiry taxes, insvrance prem:ums, and mortgage guaranty insurance
f ~ ~ :~~r.~S' ~ .
~ IY ~~ITNESS LVHERiOF, the said N~RTGAGOR has hereunto set his hand and scal the day a ear rsf afore 'd.
S~gned, Sealed anJ delive in the presence of: i~
~
! t
i °n !
~ . be r t ,p
• Florence Maclar bert ~,q
S?~TE OF FLORIDA ~
~ SS.
;v'JTY OF ~ St . ~ucie___ ~
~ ~ Befwe me persona!ty appeared 'J• D•_~bert a~
~ _ Florenee MdClalj/ ~ID~~ w~e, to me weli known and known to me to be
~ :~r,dividuafs described in and who executed the fwegoing instrument, and acknowledged before me that they executed the same for tlx purposes
=•e~n expressed. And the :a~d Florence Maclary ~3~@lt
~ • of tFr_ sa~d _ `j
~ D _Lambert
~ upon s separate snd private
~ nar;on by me taken separate and apart from her said husband, acknowiedged to and befwe me that she executed said inshumeM freety and volum
~ and vnlhovt ar.y como~~aion, constraint, appr ens:on, or fear of or from r said husbsnd.
i
= WiTNESS my hand acd ofF;uai seal this_ da f FQ aZy p, 19 75
. .
~
y Notary Pub~ic in a ot t tate of ida at Lsrye
My Commission expires:
a~r„~~ ro: /a+~G-~,t., .
~ =i:st Federal Savin3s b loan Associat.on 7
~
~ Of fort P eree. E ~
~ Port Pierce. Flcr,da f~Eg~~ERO.T~~~~~ i~1!H!S 7»y~.
~ NOGE~~'Qttlt~f ~j ~ ' ` l t; ~ .
n~ cI~RF ctr~~~iT a0Q J~ ~~r ,
~ ~ Ys~~ir1ED~ v
~ C,•
~ This Instrument Prepared ByJohn W. Collins aF R ~~~5 ' ~~~s~T'~R~p~~: r-
~ F~rst Federal Savings 8~ Loan Association ~e ZQ Z 31 P : P~~d o~-r,;; . ~
~ of Fort Pierce ~ Florida = ~:~.;p, ` : ?
~ ~ .r .
~ s~• L~f 6.:
~ Checked By W~SOS '~i
; ,
~ y'•%i, '~~Oe~
.
~ , ~":;~,r.~~u~+''~
800X ~ PJICE ' i ~ '
~ .
~ •
-
~
~ - ~
~ _ ~ -
. _ _ . _ r