HomeMy WebLinkAbout0059 To place and con~inuously keep on the bur,dings now w hereafre~ sitwte on aa~d ~~nd and on all oquipment and persaially tovercd by thit mortq-
nyn, with all prem~ums thr~eon pa~d in futl, f~re insurance in the usual standerd po'icy iorm, in a sum approved by 1he MOR(GAGEE, and windito~m
.:~wronc~ in the usual standard pol~cy form, in a sum approved by the MORiGAGEE, in iuch company o~ companies the MORTGAGEE may
d~recr, and all fire a~d w~ndsrorm insura~ce no~~~:~s on anv of said build;ngs, any iNerest iherein or part thereof, in the aggreyate sum atoresaid o~
in erces~ Ihereof, shall contain the u:ual standard mor~gagee ciause o? suth other claute as tM Matgagte may requ:rs, makirg t1re ioss under sa~d poli- f'~ ~
c~re, each and every, payabie to sr~d MORIGAGEE as ita imercst may appoar, a~~d each ard every wch po~:cy shell be promptly ass gned and delivered to ~y ~
an~ held by said MORIGAGEE as further secur+ty to aaid mortgage debt, and, not Iesa Ihan ten (10) days in ad~ance o1 the eXpirat~on o1 each pol~cy, to dr '
I:~er to arid MORiG~?GfE a renewal lhereoi, toge~her with a rec~~pt for the pramium of such renewal; and there shall be no i~re or windstorm insuwnce
nleced oe~ any oi said build~ngs, any interest there~n or par~ thareof, unle~s in the fonn and w~+h the ~oss payable as aforea~id; and in the eveM any sum
of ~noney becomes payable under such policy or policies said MORTGAGEE shall havs ~ha option to ~ece~ve ard appfy the sart+e on account of ths indebtrd-
n_ss eecured F~reby or ~o permit said MORTGAGORS ~o rete~ve a~d use it w any pa~t ttwreof for othcr purpcses, v.~~hout fha.eb~ waivin9 or ~mpair- ~
:~g any equity, lien w right under or by virtue of ~hi~ mo:tgage; and in Ihe event sa~d MORTGAGORS shall for any reason fail to kcep ~he sa~d p~em~ses w
•~surcd, or fai) to daliver promptly any of s~id polkies of insurance to said MORTGAGEE, or iail promptly to psy futly any premium therefa w in a~y '
rriFCCt fail to perform, dhcharge, execuin, rfie:I, .w~~p.~:a, :o.::;.!~ •r.^th and abicfe by th~s covenant, a any part hereof, said MORTGAGEE msy pi~ce ~nd ~..a ~
cs; For such insur,ince or any part thereof withoul waiving or affectinfl any op~ion, lien, equ~ty, or ~ight under or by virtue of this Ma~gage, and tht
: a~:,ount af each and every such pa~;mrnt sha~l be immed~ately due a~d payable and shall bear interrst from 1Fw date thereof uniil paid at the rate of
rrr c~~roum ce% ann::~n and to~c4~~~er ~n+fh such ~nt~r_=st shit~ i~r secured 'oy the lien of th~s mortgage.
4. Ta pe~mit, tomrnit or suffer no waste, impairment ot dcter~orat~on of said property or any part thereof.
5. To pay all and singular the costs, charges end expensrs, including a reasortsble atrorney's fea and costs of abstracls of titie, incurred or ,paid at
,~y ~im.: by said MORTGAG:E, because or in the evenl of ihe iaiwre on the part of ~he sid MORTGAGOR to duiy, prompNy and fully perform, d~scharye
~c~~e, effeU, comp~ete, compty w~th and ab;de by ea:h and every ti~e stipu!ahons, agreemems, cond~t;a~s, and covenaros of wid pranissory note and this
,:~.rgage any or e~fher, and sa~d cosrs, charges and eYpenses, each and every, sha~I be immed~a!ety due and payab!e; whether or not there ix notice de~ f
=~,d, auempt to coiiect or suit E,end~ng; and the f~li amount of each and every svch paymem thall bear in~ereat from the date thereof unrii paid +t the ~
n:ne per centu~n Ho~ an~=u~~; anU ail sa~d costs, cnirgrs and ixr.tnset ~nc~rred ot paid, togethe~ wdh suth in~er~st, shali be secured by 1he t~en of thi~ '
~
r
r~~~ tgage.
b. That (a) in the evenl of any b~each of this Mo~tgage or drfault un the part of the MORTGAGOR, w(b) in the event any of said sums of money
h_~~~~In referred to be not promptly and fuity pa~d vr~thin ~h~+ty t30) days next aftci the same severa!ly become due snd payable, withou~ demand o~ notice,
• c? in the evem each ar.d every the st~pu~at~ons, ag~eements, cend;tions and covenan~s of sa:d promissory note and th~s mortgage any or either are not
::ro•~~ptly and ful:y performed, d sct..~rged, exec~r,:d, e+fected, cavpleted, comp~~~•d v.~+h and at~ded Sy, then in either w any such eveM the sald ag
, ~ate wm mennonad in sa~d promssory re~te thrn remaining u~pa:d, with ~mrrrst acu~ed, and a:l moneys secu~ed hereby, shall betome due and pay-
forthwith, ur ~nereaEter, at the up~:on ct sa~d l.!ORTGAGEE, as t~l;y and comN:etc~y aa if a;l af the soid sums of money were originally stipulated
• t• pa.d un wch day, an•,rth~ng ~n s~ u pi~ r.~ssory note or in th7s Mortgaye re Ih_ convary nu~withstanding; and therevpon w thereafter at the option oi
:'.OkTGAG€E, w~tt.uut nonce nr ~le~nard, suit at lew ot in eyu~ty, ihcref..re o+ therraher begun, may be proxcuted as if all moneyt setured he~eby
. ,"atured pr~or to ~ts inst~tut~on • '
~
7. Th» in ~he e.•ent sFat ar fh~ be,~nn~~,g of or at any !~me p~nding any su~t upon elds Mortga~e, or to foreclose h, ~i~te~~reform it, o? to e~force
.-_n~ o! any c!~~~ns h_reu~:der, sy~o Y.vk?vl:vEk shal! aF.p:y f;, ~ne Cou~t hs+~:ey ~u, ~>r! cs~on thereof for the appO~jrnenf of ~ Reeeiver, such Couri shell ~
rh a;:~ o.nt a rrce~~er et s~~d :.-'g~yeo p-oc ~'y aii o:~u s:ny~~ar, inc'~;J.~g a~i ~:d s~naula~ the income, profrts, issues end rerenues from whateve? f
~..v~~.cd, e.;;i, a~:d erer~ oi .,,i.~ch, ~t t~e•~~.g ~~~~r~ss'~ unci:•sroo~, ~s he••.t;y n.u:'9o9eo as if spec+fecally se1 forth and deseribed in tF?e yranting and
.dum cEevies hereof, acd svch Rece~.er zna.: V~~,e aU ii~e b~~ad anti ~•fie.r:.e func~.cns and powen in anywise enr~usted by a Cour1 to a Receiver, and
.'.3,^.painrmeni shali be made oy wch Courr as ~r. ad^,~~t~d eyvit~ a~~d a~: ar+~~r ct a~.soiuta r~ght to said A+tORTC~AGEE, and withouf rcference to ihe
_cy or inadeq~nr~ of the va;~e of the properry nie~tgoged cr te thr s~.,e~uy ~r ~n;eF~ency of sa~d MORiGAGOR or the defendants, a~d Ihat sueh
s, prol+ss, income, Efsues and •ev<nues snall be appl,ed ty s~ch Re.eiver acco.d,:.g ~o tne lien w equity of uid MOATGAGEE and the practice of such
8. To d~ty, p~cmpr?y and fv:!y per<.am, d;scharge, execute, ~f+ect, complete, cwnN~y wifh and abide by each and every the stipulations, agreements,
_ns and coveoanrs m sa.d ~.ro~:isscry nete and tn~s mCri9dyB zer forrh.
9. TF:at in the ev•~c5 rh~ e.rorersh:p o! ti.~~ r^o~tgaged prerruses, o~ any part tF.ereof, becomes vested in a person other fhan thc MORTGAGOR, the
~=AvEE, i's svcc_ssors ard d5i~j~~5. n:3~, wi~hc,:t ..o~;c~ ;u the A'JRiGi-OK. deei ,rrth s~ch successor or svccessor in interest with reference to this ;
';aye and che dr:n 1.e-eby s:::~~cd in rhe sa:^e c:~,~ner as Wiih 1RJ~~~ngor w~~h:,~t ~n any way vitiating or d~xharging the Mort9agori liability hero- i
- c~ uru~ ~t;A de~~ hc~eL~ sen.~~_d. r+:~ s~i~ c! the F-~er.:s-~s h:_reoy n~or~gaged a~d no fcctearance on the part of the ?AORTGAGEE or its suecessws ~
,-~~~.s a~d .o ea~•_~ s.on ot ±he i::,.~ "ro+ f~e ~ay~r.rn+ of tt:o deb~ nrreby secwrd g~ven by the MORTGAGEE or its successors or assigns, shafl operate ~
ct~sch,~ye, mod~fy c!:ange ar z~`ect the uc y.::.~~ ~;.3~ :.r~ of ine M:iRTGAGOK herein, eiiher i~ whole or in par1. $
ic0. It ~s spec'f~.at~y ;:yieed thar tin,~ is ef the esse:::e cf ~i~ls contract and that no waiver of any obl~gatlon hereunder or of the obligation sr :
^ i~~reby shali a! any ti^~e tneirei!er be he:-i to b- a w~~~ar c', the terrns hereo'r or of the instrumeni secured herby. ~
in ,cici.rc to •!•c ~o:e.;c g• ,'i ~:a, -.n•s c! u~~ c.ai jnd ~•.+rr<st ~eyvk-ed by the prom ssory nore secured hereby, mortgagor eovenants ~
_:~es ~c ray ro :,'-7 _-~e r::rl, ••,cF 1`,., ,•_~+r d~ .,c :.~;,~:-a': s~~n <sr ..,+ed bf mortg~gee so be equal to 1,%12 oi the annual cost of the follow-
j A-A~1 ffd~ ~:fJYf~t/ ._a:s ~en_ . or a>scsc..•l _ r~ct ai~ove descr;~ed _ai es•.~fe. '
S 5 Frrr. ; 5 on t:r~• end :.:nd~r:•r~ r~;;-a~ c._ h~~r.~~n ,~c~ to be carried en the ~mp~o'aements situate on the above described premises. x
Rs C P e ~ s ~,:v h o+~:~ ~g• g~a ~r.s a~te as utqa5ee sha:i 1+cT Yme +o time derm fit to carry on the ban secured hereby: +
p ~~1o t~~~~ _ s ~r ro -~e ~.v~ ,.~g~r m^v.~,~~•~g oi the a~-:ou~t d„•~ and pa'yable ':ereunder and such srm shal! the~eupon be due and
S b e on nc~ d.,.~~c~r; c* +he n~•.f :o I~__~:•.ens a~~d e s,~; Successhe mo~,!h threaf!^r ur.rif rrk igagee shall notify mortgagor of a eha~ge in sueh
~ ,rt. Such s~r.ns s~ , l cs .,.,~-i t;, n~~~ry:y ra.a d rhr , ay~cent of re~! pr;;~er:y ta~es, insurance prem.ums, and mortgage guaranty insurance
_ ~ms.
IN .'~IITN[SS `;:NcRcOF, cn~ sa+d !l.OR?G:-G`JR i~as f°~L'~J^10 se• h~s h3cd and seei rhe day and year first eforesaid.
~ Signed, Seaied a~d da~~~:ered in the p~enence oi: /~yJ ,
A -fr Lti)~ -~/1~t-!/Lt~ (Seap
c , :~Ian e . ereira
° A~3 - (Sea~
~ - - - (Seal)
ei ra ~s~a~~
~ , ifness - -
- - = oF ~v~u YaRn
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~ ~ ~~;~•r oF s~
F~o .~!5-------- - ~ ~
~
± Before me personalir appeared _ MdI1Lle1 Ci. ~Pergiza a~
~ _ _____,~y PQlelyd _ _ his wife, to me well known and known to me to be
~ .~::'JlVIdVd~S desa~c_d in and who execoted the foregoing instrument, and acknow:edged before me that they executed the same for the purposes .ts
~
a _~4 n exprtssed. And the said__- .JuC~/ Pereira
j.. of the said rRatlllel Si._~~ZQiia upon e separate and privsts ~
~3 , ~~at"o: by me taien sepe.ate and apart irom her said husband, atknowledged to and before me that she exetuted said instrument freely and voluo- ~
; and wnhout any co n~u!s~on, constra~nt, apprehens:on, or fear of or from her said busband. ~
`.V~T[:cSS my Fi3r,d and offiual seai th~s .___ts7~_T~ day of~ V A. D. 19~
~ ! N ary Public in a or the State f I(/~~~1 ~ '
M Commission exp~ r. r ~ ~
_ F.et~rn To: ~~~~b~~
~~q~~ ;
::st federal Sa:in s 8 lonn Assouat,c~ -,~y
Of ~o:t P.,-~., ~ ~SV~~~ ~
_ fcn P:e+ce. irer~da
~C 1E~ `il ` Cp RT ~y h;.•;.,' i f `,J J
= f LE~ ~k~ ~uNty f~~ ~ ~tn~ ~ ~
z This Instrument Prepared By Ga~'y F. EllWOOd C4~R ~En~~ Ep,w?~~ z'
First Federal Savings 8~ Loan Association REC~R~ '`r. - ;
s of Fort Pierce~ Florida L O(~ ~ - r :
_r~ ~ r ~
Checked By ; ' '...i~~,~:1~ .
,,~J ~~,r,r,i~~~ ~
` _ 3~2'7~ ~
. , , BOOIt~~ PA6f
~ 0 R tJ~7 ~
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