HomeMy WebLinkAbout1788 3. To piac~ and continvously keep on tF~e bui'd~ngs now w F+ereafte~ ~ituatt on sa~d land ~nd on ~II cqu~pnen~ ~nd personaliy covered by ~his morlQ~
egs, with all premivms 1he~e~w~ pa~d m full, fira inswence in the usual s~arxlerJ po,icy (am, in a aum apptoved by the MORIGAGEE, and winds~wm
~ns~rance in th~ ufual i~andard pol~cy fam, in a su~ +pproved by ~he N10RiGAGEE, in wcA company o~ compan~es ai ~I» MORTGAGEE m~y
d~rect; and all fire •nd w+ndstorm insura~xe polKies on any o( sa~d buiid~ngs, ~ny i~tertst tAerei~ or part theraof, in ~he agp~ey~te sum afaesaid w
in eace~~ lhereof, ~hall co~ia~n the usual uandard mor~gag~ daus~ w such oth~~ clwse es the Mwtgayee may requu~, ma?irq ths loas unda ~a~d poli- rF,
ues, each and every, payable to sa~d A10RTGA3EE as its intcrast may appear, and each and every auch po~~cy shall be prompt~y ass gned u~d detivered ~o
any held by safd MORTGAGEE as fur~har secwity ~o said mortpage debt, snd, no~ teu than ~en (10) days in advance of the eapiro~io~ 01 each po!~q, to de-
I~~er to said MORTGAGEE a renewal ~hereof, toge~her with a rece~pt for the p~eRiium of svch renewat; and there shall be ~+o f~re or wind»orm insuranc~
placed on ~ny of ~a~d build~ngs, any inte~esl therein w par~ ~hereof, uniess in ~F+e {orm and with ~he ~oss payable as afo~esaid; and in ~he eve~t sny sum
of monay becomea payable under iuch policy w policiea uid MqRiGAGEE aha11 h~ve ~he opnon 1o recaive and spply the same on account of tae indebted-
nens sewred hereby w to pcrm:t s~~d MURTGAGORS ro rcceive and use it a aoy par~ thereOf ior oN~cr purFOSes, WdIlOJ1 tharcur ..ru~.~~g o. ~~npair- •
~ng ar.y eqoity, lien w reghf ur+de~ a by virtve of this mcrt9sge; ~nd in ~he evem w:d MORTGAGORS ahall ta any reason fail ro keep the sa~d prsmiset w±~
ir~svred, w fail to deliver promptly ~ny ol said pol~cies oi insurance to sa~d MORiGAGEE, o~ fait prompffy to pay fully any pre~nium therefor w in any
iespett lail fo perform, d~scharge, e:xuta, effecl, comp!ete, comply w~th and abide by th~s covenaro, a any part hereof, sa~d MORTGAGEE nwy p~ace a~•d ~
pey fw such insurance w any pa~t thereof w~thout waiviny or affectiny any op~~on, lien, equ~ty, or r~ght under a by virtue oi th~s Mortgage, and thc
tuf! amount o( eacb and every such payment shall be im.medietel/ dve and payab!e and shall bear interes~ irom the date thcreof until pa+d +t tha rate o1 ~
n~~ e per cenWm per annum and to~e~her vvnh wch i:irerest shali be sec~red by the fien of this mortgage. ~
1. ~o permit, tom~nif p sutter no waste, impaim~ent or deter~oration of said property w any part thueof. ~
S. To pay all and singulsr the costs, charges and expenses, including a reasonable atiwney i fee and co~ts of abstracts of titte, incu~red w paid at ~ ~
en~ t~n:e by sa~d MORIGAG:E, lxcauu a in rhe event of the fa~lure on ~ne part of the said MORTGAGOR to duly, promptly and fully perfo~m, d~uharge,
e~ecvte, tffeU, complete, co:»ply w+th and ab:de by cach and every the stipulat~ons, agreemants, conditions, and covenants of said pranissory note and this
-:~rtgaqe any or ei~her, and sa:d costs, chargra e~d expenses, each and eve+y, ahaii be immediately due and payable; whethsr d ~ot there be not~ce d~
mand, attempt to cotlect or suit perxl~ng; and the fvlt amoum ot each a~d every svch paymem shatl txar in~erost from the date the~eot until paid at ~F,e
. o~ nlne per cenrurn Frr an:w:~i; arid ai: said costs, charg~s and expt~~sea ~nc~nrd w pa~d, togather wdh such inte~est, shall be setured by the lien of this
mortgage.
6. That (a) in the event of any breach of this Mortgaqe or defau!t on th> part of the MORTGAGOR, or ~b) in the evenf any of sa;d wms of money
herein refe~red fo be not prompfly and fulty paid wirh~n ~h~rty (30? days nexl after ~he same severatly become due and payable, without demand w notice,
cr ;c) in the event each and every rhe stipuiations, agreements, cond~tions a~d covenann of sa d promissory note and Ih~s mortgage any w either are not
i•;;y, p~ompdy and fuity performed, dscharg~d, execurrd, effectrd, complefed, compfled v.nh and ab~ded Sy, then in either w a~y such event Ihe said ag
p~_~ate sum mentioned in said pron,issory note then rema~ning unpa~d, w~th interest accrued, and a~l moneys secured hereby, shall become due end pay-
a~ e forthwilh, or thereafter, at thc oprion ot said MORTGAGEE, as f~liy a:~d comple~ely as i1 all of tlie said sums of money were onginally sf~pu:ated
o be pa:d oo such day, any~hing in sa.d pro~ms;ary note or in ~his Mongage to the comrary notw~thsta~dfng; and ~hereupon w thereaftp a~ the option of
s>.d r::ORTGAGfE, without no!~ce or demand, su~t at law w in equity, the~e`ore or thereafter begun, may be prosecuted as if all moneys setured hereby
; ~-~atured pr~w to its inslitution.
7. That in the ever~t that at the brginn~ng of or at any time pend~ny any su~t ~pon tF~is Mortgage, or to fweclose it, w to reform it, or to enforce
;~y•nent of any uaims hereunder, se]d MORTGAG~E sha:l apply to the Co~rt ~19vu~~ !u'~SU•CIipI1 thereof for the appo+ntment of a Receiver, such Court shail
•^.w.rh appoint a rece:yer of sa~tl ir.ort~ayed prtip~•rty a13 and sing~Ia~, ind~,ci r.g .,,i and s~~}gu~ar tt~e income, profits, issues and revenues hom whatever
s: rc= dar~ved, eac~~ anJ every of wh:ch, i! Lr:ng e.pressiy vnderstood, ~s h.e:coy n:ort3aged as if spedfically sef fwth and destribed in the granting and
enJum dauses hereoi, and such Recriver shaU have a!: the broad and eifctrive furc~ uns and powers in anyw~se er~trusted by s Court to a Reteiver, and
___h appuiroment shalt be e:ade by such Coun as an admirted eq:,~ry and a mat~rr oi absoiute rigM to said MORTGAGEE, and withoul reference ro the
~~:'._quacy w inadeq~acy of the value ot the proprrty mortgaged or to the so.~ency or ~~,;otvency of said MORiGAGOR w the defendants, and that such
•~s, prafits, income, isaues and ~even~es-shali be ap~:iied vy such Recr+ver acwru~~~g to tM lien w equity oi said MORTGAGEE and the practice of such
~:L:~. ~
8. To du'y, prempNy and ful!y perform. d~xha.ge, exe~~te, effect, compie!r, con~Nly with and ab~de by each and every the stiputations, agreemeNS, ~
~d~~~ons and coveranrs ~n sa~d promissory r.ote a:~d ti:~s r:,orfg~ye set forrh.
9_ Tnat in the even~ the ovmersh~p oF the mortg~ycd pre~r.~ses, o. any rart therros, lecomes vested in a ptrson other than the MORTGAGOR, the
,,2'GAGEE, its successors a~d ass~g~s, may, w~:hoct .~ot:e to t~:e .~'~R'G%-OR, deal w~th s~ch successor or successor in interest with reference to this
^ ~~tyage and the debt here5y s~r•~red in the same ma: ner as with ld~rtgago~ w~thout in any way vitiating or dixharging the Mortgagors' liability here-
_~._r or up:,n tf~e dcbt herebY s~~•~~~d. Y.o s_:e of r~:e r:rmis~•s h~~r~by ~nortyayed and no iort,earaoce on Ihe part o~ 1he /AOR7GAGEE w it~ svccessors
_ <s g~s and ro exrenuo~ of the t~me {w ;he Gay~:er~! of sne deb! h~~eby sec~red g~ven by ~he MORTGAGfE or its successors or assig~s, shall operate
~ese, d.scha~ge, mod~fy chacge er atfect ~he or~g.nai i~acl:rt~ of the A50R7GAGpR here;n, either in whote w in part.
10. it is spec~ficaliy aqreed rhat t:rr.e is of te,e essen;e of this co~~tract and that no waiver of any obl~gat~on hereunder a of the ob~gation sa
r;-ed h,reby shafl at any aime rnereafser be held to ba a w~i:er cf the terms l~ereot w oi the i:ut~ument secured herby_
li. In aad.t:o-~ to rhe foreg^-~~~ mo~th!y pa;r..,nrs of H~r,ncpal and i~rer~s! reyu~red by the p+om~sscry ~ote secured hereby, mortgagor eovenants
d agrees to pay ro ~ncrtg ~g<e v.a.h each monrh'y ~;a~~ enr an a~d~rionai sum es+ T:ared by mortgagee to be eq~al to 1 j 12 of the annua! cost of the follow-
A-Aii rea! property ta.es ~e~~~d or 33S~SSC~ ay:,i-,st the ai~ove desc~ibed real estate.
B-Prcmfums on f:rc and vc~ncistosm msuracce as h~-ein reg~~red to be carried on rhe :m~rovements situate on the above d~scribed premises.
C-Premi~ms on svch ~~or~;~~e auarar.tr ~rsvra~ ce as mo•t~aGeo snaii from r a:e t~ ;«ae deem fii to carry on 1he loan secured hereby_
Mortgagee s'n;:l ~r~-r ;~r,:r to tcre noril~ R~orrg,acr ~n v.r:t;r.g of thr a^~oo~t d~^ and payable hereundtr and svch zum shall thereepon be due and
` .-r,'e on the due tiat> cf r~e next mon!~:y paym•ant and each svccessrve monTh thereafic. ur.ti{ mortga~ee shall notffy mortgagor of a change in such
i` ~;r.r. Svch s~ms sha:i ve appueo by mo!tgjge~ to,.a:d the payment of real pro~erty ta~es, inwrance prem:ums, a~~d mortgage guaranty insurance
t ~ ~".JTS. • .
i
F IN LYITNE55 1:HEREOF, tne said MOR7GAGOR has hereunto set bis hand and seal the day and year first aiaesaid.
i
~ Signed, Sealed and delive in the presence of:
a af)
` James D. Revelle, a single,~~ult
~s~ai~
~
~ ~'!~'b~ - ~ • (Sea~
5'a?E OF FLORIDA
u.
- "'J'JTY OF ___S.~_.._ Lucie ~ ' ~
~ aaes D. Revelle, a sin le adult ;
Sefore me personafiy appeared •I 9 y~
~ - iw?wife~ M m~ well known and known to me to bs ;
~ • a +ndividua described in and who executrd the foregoing instrume~~, and acknowledged before me tha•he executed the same for the purposea !
: ~ ere,n expressed. ~Awd. ti~s seid_
~ ..,.~.~Ltiw ~aid.------- - u~?~+~sere~ale•s~d}dwt~
~ ~crnrtiaa b~r ~r tai~~W r~tQ ia~s~rt L4~ b~ ~ai~ busbi~d. i~J[OO~YIsclged tG~Dd beEG[C ~C Ih3~}h4.CnC~Y~L iit~J4f1[Vi'tf91.f~~Y 4~Y't
' ° *rasd ~:tf+oersr~ ~o.npvlsiow~~ewswaim.-art?r~i»Aw~w,~wLr f~w-of -o~ fran? he~ ~aid..Fwsbard..
~ Y~iTN'c55 my hand and offic:al seal this_~_~!-_ day of Feb~a=Y , A_ D. 19~.,~
~ ' i.~ .
_ Notary Public in aod for the t te of Florida at larpe
~ My Commisiron expires: ( 0•~ a~ i
a
~ Rer~rn (o:
r~rot Federal Savings a toan Aswciahon
~ FIlEO AM9 i?ECOROEO _ ~ ~ ` ~ , '
Of Fort P.erce. t~~{1t1l~ '
~ ~ ' ST.lUC1E COUNTr FU. {
~ con Piorce. Fior~dd ROCER ?OITaAS t : 1 . ~`~i,~ •
CIERK Ctf.C1~IT COURT _
~ RECOF;+~ VEr'f~FO ~ • L .
: • : '
~~B/' :A~
:.t~arn.a._- : ~ S'
~ This Instrument Prepared By Williat~ J. Rorbes fEe 2 3z PH ~ t.~ ~
~ First Federal Savings $ loan Association - - . _
: •
~ of Fort Pierce~ Florida 33450 ~y jO~J ~A ~
.
1 : r'
~ ~ ~ . . ~y_.'~'r...,-,.~~/'~-,~
~ Checked By 3~~~ ~
~ ~ . rr '
~ OwR~ - t i t } ~
~ i "
~s -
~ Cj 7
- - -
; - - - - - -
. . ~ . . ..~~r__~_