HomeMy WebLinkAbout0053 3. To place and continuously keep on the bui:dings now or hereaftK situate on said ~and and on• al! eq~ipment and pe~sonally covered by this mortp-
ege, w~th all premiums thereon pa:d in full, fire insu~en<n +n ~he ~sua~ standaid policy form, in • sum ap{xovrd by Ihe MOR~GAGEE, and wind~lwm
~nsurante in ihe wuat s+andard poLcy lorm, 1n a sum aFprov~d by the MORTGAGEE, in wch tompany o~ tompsnies sf the MORTGAGEE may f.~
d~rech and all firo and w~nds~orm insurance po~~cies on any o( said budd~ngs, •ny int¢rest therein or part thrreol, in tM aggrngat~ sum afa~~+id or
in excesf thercof, shatl co~ta~n ~he usu~t stand~rd mo:ryagee ctause a such o~her dause as the Mortfla~ee may requ~~~, making Ihe loss under sa~d polF
c~es, ~ach and every, payabie to se~d AIORTGAGEE as ~~s ~nrrrrst may appear, arxi ea.h and every iuch potuy shall be prompUy ass flned and dolivrred to
any held 6y sald 1~10RiGAGEE as furthar secuiity to said mortgaye debt, and, nW iess ~han len (10) dayt in advance of the expira~~on o4 gach polity, to da
I~ver to said MORTGAGEE a renrv~al the~eof, Icigethar with a~ece~pt for the p~emivm of such ren~~.~al; and there sF~all be no firo or windsto~m insurance •
piated on any of sa~d build~ngs, any intcrest there;n or parl thereof, u~ilrss in ~he fonn and with 1he loas payable as aforasaid; and in the eveM any sum .
oF money becemes payabte undr. wch policy or poLcies s~~d MORIGAGEE shall h~ve ~ha opnun lo receive and app!y the same on accoum of Ihe indabted~
ness src~red hereby or to petmit sa~d ~RORTGAGORS to teceive a~~d use it or any part the:eof tor ocher purposes, v:~~nout th~~eur waivi+g o~ ~n~pei~-
ing any equ~ty, lien or riyht under or by virtur of this mo-'gage; and in the even? ~a;d M~2TGAC•ORS shall for any reason fail to kecp the said premises w
ir,SUlfd, 01 fail to del~ver pranptly any of s~id poi~~irs of insurar.tg to said MORTGAGEE, or Fail p:ompfly to pay }ully any p~e~nium thcrelor O? in any
res d(ail ro rform, dhchor e, exetute, etfett, can ete, com t wirh and ab~de b this tovenan~, w an ~rt hrreof, said MORTGAGEE ms face and `
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pay (w such in3ur~nce or any parl Ihereof wi2hout waiving ot aHecting any option, lien, tquity, or right under a by virtue of this Mortgage, ar.d lhe
f~_~!I amount oi each and every wch payment sheit be ~T,T,ed+afely due and payab!e and shall bea~ interast from the daee thereof untit paid at the rate ol
,:re per cenrum pe+ annum and to~:shrr ~~ith suci~ ir.ie~c~t ._hall be se:~md by the ~:en of this mortgage.
~1. To permit, tommit ot suffer no waste, impairmen! w deter:orotion of said property or d~y part therecf.
S. To pay all and singular the costs, charges and expen~es, inciudu,g a reasonable attomey's fee and coals of abstratts of tit~e, incurred o~ paid a1
eny time by sa~d MGRiGAv:E, betause o~ in the event of the fa~iure on the part oi the sa~d MORiGAGOR to duly, promptly and fu~~y perform, d~scharqe.
erecute, effec~, comp~ete, compiy v~th and ab:de by each and every the stip~'ai~ons, agree~»ents, cond~tlo~a, and covenants of sa~d promisso~y note and ~his
n:orrgage any or e~~her, and sa~d costs, charges and expenses, each and every, shail be imn:ed~ately due and payable; wherher or not there be ~otice de
rnand, aftempt to collect a suit pend~ng; and the fu!~ amour.r of each and eve+y such paymem shall bear interest from the dste thereof umil pa~d at the
~'e of n7ne per centum p~r ae.w:n; ond ail said costs, eharges ar;d ea~ens•_s +rxurred or paid, together w~th such imerest, shal! be secured by the lien of this
morfgage.
C. That (a) in th.: event o( any breach o( thi: Matgage or default on tl~e FarT oi the A10RTGAGOR, or (b) in the event any, of ia~d iums of money
herein referred to be not pro~nptly and 4ully paid ~~enin thnty (3J1 days next a~ter ine same severa~ly. ~ecome due and payable, without demsnd or notice,
cr ?c) i~ the event each and every ~he stiputanons, agrremsnts, cond"+tions and covenants of sa:d promiasory note a~d th~s r.w~tgage any o? eithe? are not -
:,,fy, prompdy and f~fly performed, dscharged, executed, e}~ected, co.~pleted, comp!~ed w~th and abidrd ~iy, then in e~~her or any such event the said ag
,r~~gate sum ~nennoned in said prom~sso~y note then rernain;ng unpaid, with ~r.tare;t a:u~ed, and ail moneys sewred hereby, shalt become due and pay-
ao'e forthwirh, or rhereafler, at ~he opr;on of sa:d A~ORiGAGEE, as f~uy and canp±e~ety as if all of the aaid sums oF money were originally st6pulated
r, he paid on such day, anything ~n sa d pro:n~ssory ncte or i~ this Mortgagc to the co~~!rary notwithstanding; and thereupon or thereafter al the option of
s=,d M.ORTGAGEE, without nor~ce or ~Emand, suit a~ iaw or in equity, therefore or ti~ereafter begun, may be prosecvle4l ~t if all mo~eys secured hereby
c,d matured pr~or to ds inslit~t~on. •
7. That in the event that at tn~ beylnn~;~g of or at any t~me pend~ng a~y su~t u;wn this Mortgage, or to.fweclose„it, or to refotrh it, or to enforce
;_cnent of any c!a~ms hereur~cier, s~~d MGRTvlw_~ s!+aL' epply ta t~~e Cou~t hari.:g ~~risd.c~ian th~reef for the appo~ntment of a Receiver, such Coun shall
,rrh~~itn appoirt a rece.ver of s.iid mo~tgagrd µror.~rty all and Si(:~Jld~, U1C~~d ng o~1 and s~nyutar Ihe income, proF~fs, iaeves and revenues from whatever
s:.:rcr deri~ad, each and every of wh,c'~, t•~~~:~g ~:zpress'y understcetl, is t.e~t~~ mer~gy3ed as if spetificaity set {o+th and drscribed in the granting and
t+i,endum clavses hereof, and such Rece~ver shall h,rc ail ehe br~ad a~:J ; f{xr;vc f~r.cc ens and powe-s in anyw+se entrusted by a Cou~t to a Receiver, and
appoir.tme+v ahall be made by such Ccvrt as ar, ad:,,itted rquity and a ma~rer cf absc!ute r~ght tc sa~d MORTGAGEE, and without refere~ce to the
~,a~,:acy oi inadeqvar~ of the value of the property mc~+gaged o: to ri:e so.~~~~.y er :~,so~vency o( sa~d M,OR7GAGOR or the defendan!s, and that such
rs, profits, inco~n.-, issues and rever,ues shail be apo~ird 'oy such Rec_,vrr auord.ng to the lien or equity of said MORTGAGEE and the praUite of such
~ c:;rr.
8_ To duly, p.cmpNy and ful~y perform, d~scharg., execute, etfect, con~plete, co^~N~y vv~+h and abede by each end every the st~pulations, agreements,
_ d~t~ons and tovenants m sa~d promisswy note a:~d th~s rt:ortgage set forth.
9. 7F.at in the even~ :he ownership of thc mortgaged prem~sei, or any part ti,creof, bxomes vested in a persan other than the MORTGAGOR, the
l;'RTGAGEE, i~s wccesso~s and asslgns, may, wiiho~t notice io ~he '/ORTGAJk. dea: w,th iuch wctesso~ w sutczssor in interest with'refe•ence to this
:+gage a~d the debt r,e~ehy s.~wred in ~he aame manr.er as r.i;h !.!o:rgagor v.itnout in any way vit~ating or d~scnarg~ng the ~+brtgagors' liability hero-
or upon the deot he~ai,y secured. sa e of th~ Fre,r:ises hereb~ mortgaged and no iorbearance on the par~ of the MORTGAGEE or ita succesiors
,ss~gns and no extersipn c' tne ~i~:~ (o~ rhe payn~enr of ;he debr hereby secured g~~en by the MORTGAGEE or its ~ccessors or assigns, sl~all operate
..e'ease, d:scharge, mod~fy ;hange or affect N:e o~~g;nal fia~-~ny of ihe N,OFTGAGOR he~ein, either in whole or in pErt.
10. It is spec~flca~i~r aoreed that r~~ne fs of tF.e essence of th:s cororecs and that no wai~er of any obt;gation hercunder w of the obligation s~
red hereby shall at tny ti~.e tn~reafier oe neld to 6~• a Y:a~.-er of the !erms hereof or of the instrument secured herby.
11. In ;ud~t~o-: +o '~,e iorego ~~n c~u~-.rn' ~ pa f-~:~n!s oi ~,~i; c;;a~ and i:xeres' requ~red Ly the promisscry no!e s^cu!ed hereby, morfgagar tovenanis
^ agrees ro pay to n;ortgagee wirh eac~. mon!h.`y y:a:-.,.+,r z~+ ~d:( r~o~:a; s~m csr - ered b~ mortgagee to be equal to l;' 12 of the ar,nual cost of the foflow-
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4 A-All rea! E:roperty taa_; ~e:~e~' or asse;s_d ag~~ s' ~i•.c af~ove dtscnocd real esta~e.
E 6-Frr::[~ms e~ f;~e and v:lnds~o~•~~ :~s:~;~c~ ~s h~~r_;r. re,:;;r~•d to b:- cer•~•~ cn the :mproveme~rs s~tuate on tfie above d:scribed premises.
; C-Prc~~~;ums on s+xh mort_ :ge gu3r3~ry ;cse~ra~ce as nxrry,igee sha~l frc-r r~~e :o s~~ne deem fit to carry on the loan secured hereby.
F
~ Mo=+~agee sha:~ fre:n tl~,-.e tc T•-:e ~~or~fy mo~t~a~o• ~n v.r:t~ng ot :he a: o~~! d~= and payable hereur.drr and wch surn sha11 thcreupon be due and
3 ~,'e on tha die ~ate oi fne n•,.t ^~o~~*~i~ ;-•~yrr-cnt a~id each s::ccessi~re ~r.o~~in •nr•eehe: ur.ti{ mcrtgagee sha~l not~fy mortgagor of a change in suth
. nt. Such sums sha:l ~ ap~ ~~ed uy mcrtgaye~~ ror.ard tize ~~ayment of reai prc~er~ry taxes, insuranc? prem;ums, a~~d mortgage guaranfy insurance
r ~ :~.~ms. -
~ iN ~"l1TNESS :1HEREOf, she sa;d /;,ORiGA^,pR has hereu~to se! h~s har.d and seal rhe day and year first aforesaid.
~ Signed, Sealed ar.d deiivered in the 'resence of: ~ JI_ , ~
L~'~7iLL `7~~/ ~ ~Seal
~ - (Seaq
~ ' -
~ ~ - - - l, l~ /~d~~fi`y!?.
~ - - Bernis c;orain ~~aq
_ - - - (Seaq
~
~ _ : A7E OF FiORIDA
` St. Lucie
;;1NTY OF - - - ~
~ J W CoYwi n Sr .
i~ 8efo+e me personally appeared - • • s~d 1
~ _ Rgrnys Cotmin his wife, to me well known and known !o me to be ~
= i~:d~viduais describzd in a-d ~,no execured the forego~ng ins~rument, and acicnowledged before me that they executed the same fw the purposes
~;a ^~~•e~n expressed. And the said-_ B@YA1S CO1Wlfl
~ . ~o ~ J. W. Corwin Sr.
~ . of the said upon s separate and privat~
~ . ~,~narion by me taken separete and apart from her said husband, ac4nowledged to and before me that she executed uid instr~ment freely and voiurr
~ and wrthout tny Compu~sion, cons~raim, apprehensi n, or fear of or fr~n her said husband.
~ V~ITNESS my hand and offic~al seal this___ day of I il q, p, ~q 75
~
. Notary Public i nd or the State of Fbrida ~f lsrge {
*r My Commission expires: '
Retum ia: Notc-y Publ~c, S~ale of F1or'~do 01 (o?g~ :
~irst Federal Savings 3 loa~ Assoce~t:on 30~9 F1: Coa :~iss+on Fxp:ns :oly 24, 1977
Of fo~t P.c•rce. Cer.d:~~ Ly :1r:i.ricc.n s:;~ 3 Cu,u.liy C4. ~
'~i Fort P.~rre, Flerida . '
~k . '
~ fi~EO ~~a ~ECOanEO ' - : • ~ ~ ~
: sT. iuc~e c~~wr,r F~~. . ~ •
This Instrumeni Pre ared B ROGf=~fG~TRAS
_ P Y John W. Collins CLERx .,..•„U?t COUitT ~ ~~J t'
First Fecierat Savings & Loan Associat`on PF~QR~. VE~~~ ~£J ~
~
of Fort 'rierce , Flor ida - ~ ` _ ~ "
- ~ !~n ~ 9 04 AN'~~ ;,:}~';,y; ~ ~ -
Checked Ay : ~ ~ 0 v _
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