HomeMy WebLinkAbout2039 To plx~ ~nd con~inuously kcep a+ tM bv~Id~ng• now w he~eairK utuaq on ~a~d land and on ~II puipnsnt ~nd penonally coverad by ~hi~ mortQ~
sge, with all premivms thercw~ ps~d in lull, fit~ insurance the ususl •iendard policy fwm, in a sum apptov~d by tM MORIGAGEE, and w~ndstwm
~nw~uue in ths uiwl ~~andard pol~cy fam, in • sum approved by ~Fw MORTGAGEE, in such company or companiK ~s tM MORiGAGFE may
d~rac~J ~nd al{ fi~~ and w~ndswrm insuroncs policies on any of said bvildngi, my inro~~~t tF+ereio or p+rt the~wf, in tM agyrey~tt aum ~Ip~said w~~)
in szcess thereo/, :hall con~~in ~M usval stai~dard mortya~ee davse w such orh~r druse ~s ~M Mortyay~e may requir~, rruAirp ~hs los~ under sa~d polF
c~es, ~ach and svery, payable ro said MORTGAGEE a its interest may appea~, ~nd cach and eve~y s~ch policy sh~ll be pron+pt~y +as.g~ed +~d delivered to
eny heW by sa~d MORiGAGEE ~s f~rther seturity to said mortqaye debt, and, not !eu than ~en (10) days in advance of ~he ~xpiration of each polrcy. ~o dr
fver to taid MORTGAGEE a renewal thercof, together with a receipt for ths premivm of such ~enewal; and ~her~ sMll b~ no firs w winds~orm insv~ant~ ~ r',
placed on sny of taid buildin~t, any iMertq tfiKain w part thereof, unless in the fam and wilh tM losi payabl~ ai aforesaid; ~nd in th~ went any sum ,f•
of mon~y becomes payabie unde~ tuth policy p policies said MORTGAGEE sF?ill Mvs the opt~on ro nceiw end apply ths same a+ accwro of the l~dabted-
nrss secured hereby or Io permit ssid MORTGAGORS fo receive and ute it w eny pa~l thereof loi oiher pu~poses, w~ihouf thsreb/ waiv~~F~ or ~mpair-
i„g any equ~ty, lien a righ~ unda w by virtue of rhis morr~aye; ~nd in tM weM wid MORTGAGORS shall Eor any reawn fail to ke~p the wid premisei so
~nsvred, or fail to deliver prpnplly any of said polrcie~ ot insuranct ro said MORTGAGEE, a fsil promptly to pay fully any premium thereipr p in any
respc~ct fail ro perform, d~scharge, execure, effect, complete, comply wi~h and ab+ds by th~s covenent, or any parl 1?aeof, ssid MORTGAGEE may p~ace +~d '
~ay iw such insurance or any pa.t thareof without waiving or afFedinp any op~ion, (i~n, equity, o~ right under or by virtue oi this Matgaye, and tht
f~1! amount of each and eve~y such payment shall be immed~etefy due a~d payable and shall baar interes~ from ~hs date thueof untit paid +1 the rata ol ' ~
~~~~~e per centum per annum and te~rthe. wi!h svch interost ahaU be setiured by Ihe Gen of thit rtwrtyaga.
1. To permit, commit or su1(er rto was~e, imp~irment or deterioratio~ of said prope~ty or ~ny pa?t thereof. }
5. To pay all and singular ths costs, chargei and expenses, i~cluding s reasonable attwney t fee +~d cosh of ~6stracb of title, inevrred o~ paid at
any fim.e by sa~d MORTGAGEE, because or in the event of ihe fallure on the pa~t of ~he said MORTGAGOR ro duty, p~ompdy and fully pe~fwm, d~xharge.
execute, effect, con.ptete, comply with and ab:de by each and every the stipulatwns, a~reements, conditio~t. and covenanri o~ said promissory note and thii
morlgage any w e~~lxr, and sa~d costs, charqes and eapenses, each and every, shalt b~ immedla~ety due and payable; whe?her a oot thers be notice da~
n,3nd, attempt to collect p suit pe~din97 a~d the }ull amount of eacA and every such payme~l shall bear intcrest (rom the date thereof until p~id ~t th~
~:rc oi n;ne per centum per annu:n; and all said costs, cna.ges and expenses incurred q paid, logether wifh such ~nterest, sheU be setured by the lien of thit
mortgage. , .
6. That (a) i~ the event of a~y breach oi this Matgaqe w default on the part of the MORTGAGOR, or (b) in the event u~y of said sums of money
hzrein referred to be not p~omptly and fully pa~d wilhir. rhirty (30) days nexf afre~ ~he same severally become due and payebte, withouf demand w notice,
cr (c) in the event each and e~sry the stipulations, agreementa. cond~t~ons and cove~ants of sa~d p~omissory note and th~i mortgags any w either a~e rwl
ivly, promptly and iully performed, d.scharged, esec~ted, effected, completed, complied with a~d a6ided ~iy, then in either w any such ~vent the said ag
g~:~gate sum ment~oned in said promissory note then remaining unpaid, with interest accrued, and all rroneys .secured hereby, shall becar.a due and pay- '
ai: c fonhwith, or thereaiter, at thc oprion of said MORTGAGEE, as f~lly and comp!etely as ii all of the said sums of money were orginally st~putated
rc br pa~d on such day, anything in sa:d prom:ssory nate or in this Mortgagr to the cont.ary notwithstanding; and ~hereupon o~ thereafter a1 the op~ion of
i-~ : MORiGAGEE, wirhev` nat~ce or demand, wit at ~aw or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secu~ed hereby
:~.d maturet~ pnOf to its inslitution. . - " . ~ . •
7. Thai in the evrr.t that at the beginn~ng of or a1 any time pendi~g any su~t ugon this Ntortgage, Or to faecbse if, w fo refo~m it, or to eoforce
:v~~ent oF any c~3~rns he.eunder, aaid MORTGAGEF sha!1 apply to the Court having ~unsd:Uion thereoi for the appo~ntmenl of • Reteive~, wch Cour1 shall
+~.vith appoint a recei,~er of sa~d mertgaged p:o::erly al! and sir.gular, incivd•ng ail ~nd singular the income, pro(its, fuues and rev~nues from whafevet
ce dcrived, exh e~xl eve:y ef wn:ch, ~r being eap+essiy unders~ood, is he~ei,y ma~gaged as if specifically set fath and dexribed in the y~anting and
r~t endum c~a~ses hereof, and svch Recelver shall ha~e all the broad and efieuive fu~ct;cns aod powen in anywise ent~usted by ~ Cou~f fo a Receive~, and
___h appoinrment shal~ bc mada by wcfi Court as an admi~t~d eqvety and a ma~fer of absalvte r1gM to said MORTGAGEE, ~nd withoul ?eterence lo the
quacy w inadrq~acy of the value of the prope~ty mortgaged or to the soiver.cy or n,sof~ency of said MORIGAGOR w tht defendants, and that such
A: ~+s, proiits, inc.xnr, iswes and revenues shall be apptied 'oy such Rece~ver ~aord~~.g to ?he lien w equity oi said MORTGAGEE and the practite of suth
t.
8. To d~:y, p~o.rpr;y and futty perfo.~n. discharge, execute, elfect, comptete, comply wiih and abide by each and every the itipu~ations, sgrcementi,
_r:ditions and cuvena~ts in sa~d promiswry no!e and this morrgage set fwth_ !
~
9. That in t!~e evenr ~he awnersh~p of th~ ir.ertgaged premises, w any part thereof, becomes vested in s penon other tha~ the MORTGAGOR, the I
:_'i!GAGEF, ita s~ccessor: and ass;gns, may, w~~houi .:orice to rhe MORTG~OR, deaf w;th such successw or succeasw in interest with relerence ro this ~
; tgage and the de.h1 hr~eby secured in tfie same manner as wilh Atortgagor without in any way vifiating w distha~ging the Mortgagon' liability herr ~
;i~•r or upon the debt hereb? srcured. No sa,e u( tt~e Fremises hereby mortgaged and no (wbearance on the part of the MORTGAGEE w its successws
- as;~gns and no eater.s~or of rhe hme for ~hr paymem of the debt hereby secv~ed given by the N10RTGAGEE or its successus or auiyns, ?hall operate
~o re+ease, d~scharge, mod~fy char.ge or afiect the o+ig~nai lieo~i:ty of the MQRTGAGOR herein, either in whok ot ln part.
!0. It is apeu6ic~~ly ag:eed that ti~r,e is of the essence of th7s contract and that no waivev of any obl~gaYwn hereunder w of ths obligstion sr
cvred h~reby sfiafl at any time the~eafter be helci to be a waiver of 1he terms hereof w oi the instrument secured herby.
11. In aJd:tic~ to ~he fo.ego'n~ month~y paym_•nrs of princ pal and inte~est requi:ed by the promissory nole secured heteby, mortgagor covenanis
~ d agr_es to ~ay to mG't~3qee w~th each monrh~y payi :ent ao add~eional sum estimated by mortgagee to be equal to l~ 12 of the annual tosf of the foliow-
A-A!I real property taaes ~ev~ed or assesscd egai~st=the above desaibed real esrate.
B-Pr~miums on fise and windstorm +nsu•a~-.cr as herein requ:red to be carried on ~he improveme~rs situate on the above described premises.
; C-Prem~vms on such mong;ge guaranty insurar~ce as mo~tgagee shall fre:r r:me to time deem fit to carry on the loan secured hereby.
! Mortgagee sha~l from time to tirru notify morigag~r ~n writing of the arr.ount due and payable hereundet and such sum shall thereupon be due and
! , bte o~ tne due ciate oF the next mo~thly payment and eacfi ssccessive mon~h the:eafter ur~fil mortgagee shall rtotify mortgagor of a change in suth
t _~;nr. Such sums st:all be applFed by mo{tgagee roward ttx payme~t of real property taxes, insurance prem:ums, and mwtgage guaranty insurance i
j ~ _ ~-.:vn,s. {
t
IN YJIiNESS Y~NERE.'~F, tF.e said MORTGAGOR has hercunto set his hand and sea! the day and year first afwesaid. ~
~ - Signed, Seated and delivered in the presence of:
aq ;
~ witness: C1 e L. Russell ,n ~
~ } ' se.n ~
~ witnes • ' Diatne J. ussell n,,,,n ~
_ "%.?E OF fl DA
Lucie
~ ;U'JTY OF St . ~
Befae me personaliy appea?ed CI}(CZC I.. RUSSell .
~ 1 dIl e.1. RL 5 S L 11 hii wife, to me well known and known fo me f0 6e
~ _~ndividuals desvibed in and who e:ecuted the fwegoing instrument, and acknowledged before me that they exetuted the same fw the purposes f
~ _~~r:n expressed. And the said Diane Rl1SS811 }
~ ,a of the sa~d - C 1 vCl L_ R~ e a Pl 1 upon a separate aod priwt~ i
~ T nation by me taicen separate ar.d apart from F~er said h~sband, ~cknowledged to and before me that she executed said iratrvmeM frcely and vo~un-
~ y and wrthoui any compv~sion, constraint, apprehension, or fear of or from her said husband.
~ WlTNESS my hand and offic~al seal this_ _~~`j~~ day of Februar A. D. 14ZS__
~ ~
~ ~
- Notary Public in si~d for t ate of Flwida at larye
~ My Commission expird: / D• 3 O"~~i
Refurn To: t
~ Flrst federal Savings d Loan Associat:on ~ L~,.~~ :;~1~7 {
e Of Fort P:erce. ~ ~ I'•
fort Pierce, Fbrida ~`i ` '
r3 ~ ~ " ~ ' i
~ ~c~~ ~R~ so~* ~ ' ~ ~ n d .
ltECORD . r..' ~'r.': :
~ This Instrument Prepared By Robez t A. Swishez J~ 11 f • =
First Federal Savings $ loan Association ;,(~L , `y;'.~ '
1-, J :
~ of Fort Pierce, Flor ida 33450 ~ - - ~ ~ ~
_ ~0~~ . r, .
~ ~ , :F.:.:+^~.
~ ~hecked By ~ ~
~ ' r _
~ ~ ~ ~ ~ ~ go~2'36~~203?
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