HomeMy WebLinkAbout2636 9. To place and continuous~y ktep o~ tF.e bui!dings now w hereafie~ fituats on said land ~nd on a!I equ~p~nent +nd pe.son+llY covered by thia mort~
ege, with all premium~ tt~ercvx~ pa~d in full, fire ineuranca in the usval tta~Xlard pO.Ky IO~m, in a aum spprov~d by Ihe MORfGAGEE, and windstorm
~~i.,rance in ~he u+wl t~andard'pol+cy fam, in a sum approved by ~h MORTGAGEE, in such comp~ny or canP+nces ~s N10RTGAGEE may ~
dvect; ~nd all tire and w~nds~orm inswance po'k~es on any of sa~~ bu~~d~ngs, any rnteroet Iherein o~ part thereof, in tM aggrega~~ sum alwtsaid o~
in excess thereof, shall conrain the usva! seandard ma~gagee uauss a s~ch oihe~ cfeuse as tM Mor~gagee may ~equ~re, makin~ tM ~os~ unda sa~d poli~ +
c~rs, each and every, payab(e to sa~d MJRiGAGEE as its intrr~-a~ may apprar, and rach and every auch po:Ky shall ~ prompNy sfs gned and de6vered to ~
any held by sa;d MORfGAGEE as further securify ro sa~d n~or~gaye drbt, and, not !eu than ~en (10) days in advance of the eapiration of each potity, to da _ ~
I.ver to said MORTGAGEE a renewal thereo{, togethar with s rrce~pt fo~ the pramium ot tuth renewal; and there shall be no fi~e o~ w~ndsto~m insuant~ -
p'~ced on ~ny of said build~ngs, any +ntrres~ fhere~~ a par~ the~euf, un!ess ~n ~i~e {orm a~.d wi~h the Ioss payab~e as afwesaid; and in ?he eYent any sum
oi money becomes payab~e ~nder such policy or pol~cies sa;d MORTGAGEE shall have the opt~on w receive and apply ~he san+e o~ atcounl of the indebted-
nrss sec~red hereby or ro permi~ sa~d MORTGAGORS ?o rece~ve and use it a any pa~t the:aol lo~ oti~er purf.osrs, v.~~hovt ~h~.cu~ wai.~~g o~ unpe~r
~~~g any equity, l;eo o~ ~~ght under a by virt~e of th~s mo:'gsge; and in the even~ sa'd MORTGAGORS sha!1 (w any reason lail ro keep ~he s~~d premisra so ~
insured, or fail ~o deliv~r promptly sny of aaid poGues of insurance ~o sa~d MORTGAGEE, w fail prG.uptly to pay fully any p~e~nium ~fierefw or in any
resNect fail to perForm, discha~ge, execute, eflect, com~leta, compty wi~h and ab~cle by th~s covenant, or any part he~eof, said MORTGAGEE may piace and
pay for suth inwr.~nct or any patl thereof withoul waiving or affeai~ig any optio», 1]en, equrty, or right ur.der p by virWe of this Mortgage, •nd the ~
f~lt amount of each a~d every s~ch paymeM shall be immcdiately due and payat~e and shall bear iroerest from the date thereof un~il paid at the rate ol
re pet tentum pe~ annum and ~ogrther .~~th such ~nte~est sh~il be sac~red by the lien of this mwtgage.
1. To permit, commit o~ suffer r.o waste, impairment p d~teriorat~on of sa~d property or any part thereof. " -
5. To pay al! and sing~lar ~he cosl:, charges and exprnses, ~nc7ud~ng a reasonable alfwney i feo and cos~~ of abstracts of t~tle, incurred w paid at
an•; ti~r.e by sa~d MORIGAG:E, because w in the evem ai the ia~lu~e on the pan of the said M.ORTGAGOR ro duly, promptly and futiy perform, d~xharge.
_~ecuta, effect, complete, comply wu6 and ab:de by eat~i and avery the s!ipulanons, agre~mems, conditions, and covenaMS oi said p~omissory note and this
~ o~egage any or either, and sa~d costa, chargES and expensrs, each and every, shall be immediately due and payable; whcther d not there be notice de
~:,nd, attempt to co~lect or suit pend~ng; a~~d the futl amount of each and every such paymem sha~l bea. iMerest irom the date thereof until paid al the
o~ n~ne per c<n;,,~n Fer an.w:n; a~~d ali sa:d costs, ~harges a~ed ~xp~~,ses ~rxurred or pa~d, together wdh such inte~est, shall be seturtd by the lian of thii
n:ortgage.
6. Tha1 (a? in the evenl of any breach of this htortgage or deFaul~ on the pa~t of the MORTGAGOR, w;b) in the event any of sa+d sums of money
herein referred to be not promprly and lully paid withe~i th.rty i30) days nex~ a~rer ihe senx severa!ty oecome due and payable, wilhout demand ar notice,
er ;c) in the event each and every ~he sripu~ations, agreements, c~nd~t~a~s and covenants of sa:d promiasory note and Ih~s morlgage any w either ~re not
;:~:y, promp0y and futly pr~formed, d.s:ha~gcd, ex~cuted, ei4ected, completed, compiied wrth and a6~ded Sy, then in either or any such event the sa~d sq-
:~~3a!e sum menhoned in said promisso~y nute thzn remaining unpaid, with inte~est acu~ed, and atl moneys secured bereby, shall become due and pay-
a:: e lorthwrth, or rhereafier, at the opnon of said h10RSGAGfE, as fui~y and comp'es~Jy as ii ali oF th_ said sums of rtwney were aginaily itipulated
r;. he pa:d on such day, art~thing in s.~.J p~e•r.,ssory nole c~ in thi: Morfqagr ro the conirary notwithstanding; and thereupon or thereafte~ a~ the opt~on of
d M,ORT~AGEE, wn~:o~r no•~;e er oe~„e~~~l, s~~r af !ew or ~n eq~~ti, ~i,~rCf.,r~ w th.:reafter begun, may be prosecured as if al! morieys scwred hereby
n :d ,narv!ed pr~or ~o ~ts ina~itvi~on.
7. TF.at in the event that at ~he teyl:,n~ng af or at any t:me p•~+•dmg any su~! up:,n thie Mortgage, or to (oreclose it, or to reform it, or to enfwce
..,:^nt of any c~~~:ns hereunder. said :.tORTv:w`' sF~a't a~pty to the Co~~t h~~~r.g ~~nsd•ct:on thereof for the appo~ntment of a Receiver, such Court shafl
•.,~;rh a~pv;r.l a rece~~er of sa~d rno~rye~ed prcpc~r~ o;l a~ci s~~~gu!ar, inc:~d•~~z ati a~d s~ngu:a~ ~he ir.come, pcofits, issues and revenves (rom whatever
.r der.vad, ecch ar.d every of wi~:th, be:~.~ ~aNrvss•y cr~derstu~cf, is i,erci>~ mo~t9ag~~d as ii speuficaily set forth a~d described in the granting and
-~~}dum ca~ses hereoi, and svch Recr~~er sha4i ha:e all the h~oad ar.d ei'.ecnve f~rct:ons ar.d powers in a~y~v~se entrusted by s Court to a Receiver, and
;;h appcinrmeni sha:! be made 5y s~cF. Cov~t as an admi«<J e~;;.sy e~d a e•at~rr of abso+ute right ro said MORiGAGEE, and without reierence to the
.~acy o~ inadrq~acy of the va:ue of ti~e prepe:rry rno~tg~~~-d or ro ri~e so v<ncy or ~nso~.ency of said MORTGAGOR a the defendants, and that such
proi~:s, inceme, isaues and re.enues :nall be app:ied ty wch Reo:~ver oc.crci~ng to the lien u equiTy oi said MORTGAGEE and the practice of such
_,~.t.
8. Te dv'y, prcmpr.y and ful!y ~:ertorm, d~scharge. execut~, effecr, co•.+~:lete, ccr:~N;y wlth snd abide by each and every the stipulations, agreemeNS,
d:t~cn~ an,! cc~enants m sa~d prom~ssory ncte ar.d tnls mortgage set fortF..
9. Tt et ~n fh= ev~^t the ownenhiF of the mortgaged prem~ses, or any part therecf, oecomes vested in a perwn othe? than the MORTGAGOR, the
._~TC:.vEE, ~+s w:c_~ssc•s ~~:J assi~ns, ::»y, wishe:;+ no+~ce to i~+e ktORTG:~OR, dee; ~n~~h such successor o~ successor in inferest with re(erence to thia
'~"gage ard thc d~ot h_reby srcured in Ihe same m.~nrt~r as w~th Mortgagor w~!ho~t in ony way vit~ating or d~xhatging the Mortgagors' liab~lity here-
i.,r o: uF~cn the debt here,~~ c~L~~red Nu sa'e of the p~e,r~~sen hareo~ mnrtgaged and no forbearante on the part of the MORiGAGEE w its suectssors
,s>.gns and r~~ exr~:,::~~ of th!• ~~::-e tor rne cayme~~t of the oebt here6y securrd yioen by the IdORTGAGEE o~ its successwa or assigns, a~~atl operate
~s eose, d.scha:ye, mod:f~ chor.ge or affect the origma? Iiauu;~~ of ~n~ N.ORTGAGOR i~erain, either in whole or in part.
10. It is spec:fi:a~;y agrced rha+ ti:~e is o( the essence of tlds cc~~rract and that no waiver of any obiigation hereu~er w oi the obligatio~ sr
•_d h~~eb~r sha.i at any fime thereo`rer 6e heid to be a•.vaiver of the terma hereof or of fhe instrvment seCUred herl~y.
11. !n .,dd.~lc~ •o rhe ~e; ac ::~~h , n:~;~n_~res of ;;•~.,c ; a. and ir.rar, sf ~eq~.,~,ed by the prom~s~ry nore secured hereby, mortgagor covenams
~ ~,grees ro aay ro••,c-t~ ~e^ •..~~f ~•3ch o•,•t~•y p~.~. ent an add r,o^•ai w~r. ~sr n,ated by morigagee to be equai to 1;'12 of the annual tost of the follow-
A-Ai1 rcel µrope~t~ tax~ Ievie.~'. o~ assessed agai• st tFi_ above des~•~bAd real estate.
S F~•~~„,~ .-s o~ C.r .+~~d ,r,,:~d;ro•m .,..,^:e as ne-e;n .~~G~.~c~d to be ca•rled en the lmrrovements s~tuate on the above described premises.
C-Pren:iun~s c~ ;~ch mo~•3age ~~a•a~~ty inw•er.ce as mo•t~ag?e sna~l frcm t~a:e to t~me deem fit to carry on the ban secured hereby.
M:ortgag.r s'~a 1' ~.r *i:,.e to t•~••e ~c':fy n,:;rt,ag~r m v.r;t;r.g of tn~ a~•ou~t d.,e ar.d payable hereundrr and such sum shall thereupon be due snd
i ~ o~ tne d~e aare cf ~he ~~ext ~,~.o-~'t.., pay~e~~ and e_ch sv:cessive ~.-o~;th !i:e:eah^r untii mortgagee shali notify mortgagor of a change in such
j ,,f,t. Such sums sFeaii be aFE `_d by n:orrgaa~~e so.oard the payment of rea! o•operty taa,es, insurance prem.ums, and mwtgage guaranty insurance
~ ~ ~~ms.
tN :~ITNE~S YiHEREOf, the said N.OR"sGAGOR has here~~to se! his ha~~d and s~•et rhe day and y~ rst.~~sf ~ ~
~ S~gned, Sealed anJ delivered in the presente of: ~ ~ ~
; Cti ~
~ - s~
~ , . bhn C. Vanc cxan
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` .t~ ~ : GZ-u-t'-~~ (Sea4
g _ Marie L. Vance c~aq
~ -
~ '-:.ic OF FLQRiDA 1 .
~ ' :l;'JiY OF _ St_L{1Cle__ ~ .
~ John C. Vance
Before me personalty appezred and
~ Mazie I.. Vance his wife, to me well known and known fo me to be
~~ndivid~als described in and who executed the foregoing instrument, and ackrtowtedged befwe me that they executed the same for the purposes
~ Marie L. Vance
_~c;n expressed. And the said_
~ 'e of Ihe said ~LQhi1 ~/aI1Ce upon a separate and private
~ .•,-n nat~on by me taien separate and apart from her a~d hwband, acknowledged to and befo~e me ihat she executed said instrument freely and voluo-
~ y and v.;tho~t any comr,ufsion, constra~nt, ap s~ n, w fear of or from her said husba~d.
~ WITNE55 my ha~d and offc~ai seat th~s~ - _ day of_ Fe uar q_ p_ ~q 7$
, . .
e
~ Notary Public in and tor tFro St of Flor' at Large
~ My Commission eapires:
Retum To: FILEO AMD R~C'JR -
~A ~;rst federaf Savings 8 toan Associat;on ST. IUCIE COUNTY FLA. ~ ~
o~ fo-r P t~~~. ROCEn PCiTRA~
~ CIEP.K C~~C~It COU
Fo,t Pierce, f,o:ida R~COR~ YEF~F~EO
~ ~`~~...~.~T:: r:: ~ :
~ ~`8 031'I'~~ - ~~v4~.~ r~ ' i
v
~ This Instrument Prepared By John W. CoLlins -c ;~.j~ 0 T' "
~ First Federal Sav~ngs 8~ Loan Associatio~ _~yfA' r' Pi'
W _ : d' O - r -
~ of Fort Pierce ~ Flat id2? . = 7.; n :
~ Checked By ~ L'~ t.l -
~ ~a .
= 8~l( ~:~1V P11tE ~:1U~.)t) ~ _ , , , .
~ .
~ ~
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