HomeMy WebLinkAbout0239 3. To plate and continuously keep on the bui!ding~ now w hereafte~ situete on ~aid Isnd and on all equipmc~l and penonally covered by this mwlg- ~
sge, with stl pre~nivma ~hercon pa~d in fuli, lire iniurance in the us~at standard pOticy form, in e sum approved by tha MOR~GAGEE, and windatorm
insurence in Ihe usual ~tandard po!:cy form, in a a~m epproved by Ihe MORTGAGEE, in ~uch comPany o~ canpenies ai the MORTGAGEE may
direch and aU iire and w~nd~lorm insurante policias oo sny of said build~nys, ~ny interest therein or part thereof, in 1M s99regare tum aforessid or ,
in exceu lhereof, shall contain the usuat ~tandard mortgaflee clause w such other clause at tM Mortgagee may requ~rs, maki~g the loss unde~ sa~d
c~es, each and every, payabt~ ro seid MORTGAGEE as interest may sppear, and e+ch and every such policy ahalt be promptty ass gned and de~ivered to
any held by said MORiGAGEE as iurihet securify to said mortgage debt, ~nd, not lesf then ten (10) days in adva~ce oi the expiratio~ of each pol~cy, to da ,
Irve~ lo taid MORiGAGEE a renewal thereof, ~oge~her wi~h a receipl for the premium of :vch renewal; and the~e shall be no f~re or wfnds~o~m insurance ~
pleced on ~ny of said buildings, any intereit Ihcrein w part thercof, un:css in ~h~ form and with tFu loss payable as afwesaid; end in the event any sum . ~
of money bccomes payable under such policy a polKies said MORTGAGEE shall have rhe optio~ to receive and apply fhe same on account of the indebted- . r
ness secured hereby a ro pe~mit aaid MORTGAGORS fo rece~ve and use It a any pa.t thrreof for otner purposes, w~tho~t ih:rcuj wai~i"g or ~„~pain .
ing any equ~ty, lien a right undrr w by virtue ot this mortgage; •nd in the event sa~d MORTGAGORS shall fw any reason (ail fo keep ~he sa~d p~em~sti so
insured, or fai) to deliver promptly any of said policies of insurance to iaid MORTGAGEE, w fail promplly to pay (ully any p~em~um therefor w in a~y
respect (ail to perfwm, d~scha+ge, execute, effed, comptete, compFy wiih and sbide by this covenant, or any part hereof, sa~d MORiGAG~f may p~sce antl
pay fw such insura~xe or any pa~t therrof without waivi~g w aflecting any optiort, lien, eq~ity, or right under w by virtue of this Mwtgage, and the
tull amount oi eech and every such paymenf shall be immed~ately dus and payable and shall bear intere~t from the date thereof until paid at the rate ol ~
nine pet tentum pet annum and to~ether with such interest shal~ be srcured by the lien of this mottgage.
1. To permit, commit or auffer no waste, impa~rr~~c~t a deterioration of said prope?ty w a~y pe?t the~eof.
S. To pay all and singula? the cos~e, charges and expenses, including s reasonable attwneY's fee and costs of abstracts of title, incur.ed w pa~d af
any time by said MORTGAGEE, because or in the event of the tailure on the part of !he said MORTGAGOR to duly, promptly snd fu~ly perform, d~scha~ge.
execute, effecL complete, comply w~th and ab:de by each and every the stipu~at~ons, agreements, conditio~s, and covenants of said prom~ssory note snd ihis
mortgage any or either, and said costs, tharges and expenses, each and every, shall be immediately due and payabls; whether p not ehere be notice dr
mand, attempt ro collect or suit peoding; and the fvll amount of each and e~ery such paymem shall bear imeresf from the date thercof until paid at the
.ate of nine pe~ centum per an~~u,n; and all said cos~s, charges and expenses incurred or paid, togeiher w~th such interest, shall be secured by the lien of th~s
mOftgi~l.
6. That (a) in the event of any breach of this Mwtgage or defaull on the part of Ihe MORTGAGOR, or (b? ~n the event a~y of sa:d tums of rtioney
herein refmred to be nol promptly and fully paid within th;ny (30) deys nexl after the same severally become due and payable, without demand or notice,
or (c) in the event each and every the st~pulations, agreements, cond~t~ons and covenants of sa~d prorniuory note a~d th~s mo~tgage a~y o? eithe? are not
~uty, promptly and fully performed, d~scharged, executed, effected, completed, compt~ed wi~h and abided by, then in e~ther or any such evem tne u~a ag
arrgate sum mentioned in said promissory note Ihen remaining unpaid, with interesl acuued, and all mo~eys secured hereby, sha~l become due and pay-
ab~e forthwith, or thereaiter, at the option of said MORTGAGEE, as fully arx! completely as i( all of the said sums of mor.ey were orginaily stiputated
ro be pa~d on such day, anything in sa:d promisswy note or in this Mortgage to the confrary notwithstanding; and thereupon or thereafte? at the opnon of
sa:d MORTGAGEE, without not~ce or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby
nad matured pnor to its institution.
7. That in the event that at the beginni~g of w at any t~me pending any suit upon ~his Mwtgage, or to fweclose it, or to reform it, or to enforce
payment of any claims he+eunder, said MORTGAGEE shall apply to the Court having jurin~:ction thereof for the appointment of a Receiver, such Court shall
fcrthwith sppoint a receiver of said mwtgaged property all and singvlar, includ~ng all and sirgular the income, profits, iuues and reven~es from whateve?
seurce derived, each end every of wh~ch, it being expresaly undersrood, is hereby morrgaged as if spec;ficaily set forth and dewibe~ in the g~aMi~g and
habendum clauses hereof, and such Receiver shall have all the b~oad and efiective funct•ans and powera in anywise entrusted by a Court to a Receiver, ar.d
s~ch appointment sfiaii be made by suth Cou~t as an admitted equity and a matter of absolu?e tight to wid MORiGAGEE, and without reference to the
adequacy w inadequacy of the value of the properry mor~gaged or to the soivency or i~:oi~ency of sa~d MORTGAGOR o~ the defendants, and ~hat such
r~-~,~s, profits, income, issues and revenues shali be applied by such Receiver accorduig to the lien w equity of said MORTGAGEE and ~he pradice of such
Coutf. i
B. To duly, promptly and fully perform, discharge, execute, effect, comp(ete, comply with and abide by each and every the stipu(ations, agreements,
conditions and covenants in said promissory note and this mortgage set fwth.
9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in e perwn other than the MORTGAGOR, the
..^.RTGAGEE, its successors and ass~gns, may, wirhout notice to the MORTGAOR, deal with such successor w successor in ~nterest with reference to this . ~
n•o~tgage and the debt hereby secvred in the same manner as with Mortgagor without in any way vitiating or d~uharging the /dortgagori liabi{ity Fur~ _ ~
~nder w upon the debt hereby secured. No sale of the premises hereby mo~tgaqed and no forbearance on the part of the MORTGAGEE w its successors '
cr assigns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successws or au~gns, s~iafl operate S
to release, d~scha~ge, mod~fy change or affect the original liab~lity of the MORTGAGOR herein, either ere-v~i+ole w in pa~t. ;
, 10_ It is spec~fically ag~eed that time is of the esu~ce of th;s contract and that no waiver of eny obligation hereunder w of the obligation se-
cured hereby shall at any time thereafter be held to be a wairer of the terms hereof w of the instrument secured herby_
I1. In add~tion to the fo~ego'ng monthly payments of princ pal and intere:t required by the promissory note secured hereby, mortgagor covenants
k ,nd agrees to pay to mortgagee v~+ih each monthly payrnem an add~~ional sum estimated by mortgagee to be equal to 1~` 12 of the annual cost of the follow-
j ing:
E '
A-Alt reat property taxes levied or assessed agai~st the above described real estate.
't, .
B-Premiu~ns on fire and windstorm insurar.ce as here~n requ~red to be tarried on the improvements situate on the above described premises.
i C-Premiums on such mortgsge guaraniy insuraace as mottgagee shall from time to time deem fit to tatry on 1he loan setured hereby.
s Mwtgagee sfiall from time to time notify mortgagor ~n writing of fhe amount due and payable hereu~tider and such sum shall thereupon be due and
r ayable on the dve date of the next monthly payment and each successive month rhereafter ~nfil mortgagee shall notify mortgagor of a change in such ~
i~ ovnt. Such sums shail be app!ied byr mortgagee towa.d the payment of real property taxes, insurance p~em:ums, and morigage guaranty insurance
' p•emiums.
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IN Y~ITNESS WHEREOF, the said MORTvAGOR has hereunto set his hand and seal the day and year fi~st aforesaid.
~ Sgned, Sealed and delivared in ~he presence of: fILEO AMD AECOFiDED
ST.lUC1L :~UNT1f FLA. ~ap :
~ ? ~ « ~ ~ ROCE~i f0'T~AS ~
CIfRiC i,:Rr,tt~? COURT ~ , (Seaq ~
~ i pFnno* Yr~1f'E~ ~Sea4
K - -
? ~j : ~ +f ;
i
' ~ Y 11 ~ M, ~ 1 ~ (Seap
~ STATE OF FLORIDA ~
~ ~
~ ~ouNrir oF St. LuCie , 302918 ~
Re nolds ~ s
~ Before me personally appeared Riley w• a~ ~
~ Anita F. Reynolds his wife, to me well known and knawn to me to be S
~he individuals described in and who executed the foreqoing insirument, and acknowledged befwe me that they executed the same for the purposes t
~ Anita F. Reynolds :
.;,v therein expressed. And the said ~
r~ r:;fe of the said Riley W. Reynolds upon a separate and private ~
e,am~nation by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and volun-
t';
' tanly and w~thout any compuision, constraint, apprehens~on, or fear of or from her said husba d.
WITNE55 my hand and official seal this ~~=1 f~' day of `4- ~ A. D. 19 7 5
~
(,+~-'t ~ ~(y.i
Notary Public in a for State of Florida at large
~ My Commission xpires;
~k. Retum To:
First Federal $avingt 3 loan Association .,'.'~y r"" ^T[ r~ '!~^•r~ ~r ~~qr,F
Of Fort P~e:te. : . . ~ . ~ t
Fort Fierce. Florida ,w 1.~ n..,.:~.,,{~ ~,J.~r.~,~5 iLS:ifb~1CC CD. ~i
~ • ' , . ~
~~•J ~ #
_ This Instrument Prepared By Richard K. Kayes j~ ~
- First Federal Savings & loan Association - ~
of Fort Pierce , Florida ~ ~
. s:
. ~ < .
Checked By U R - ` , ' . '
- ~ooK 237 PA~ 238 ~ ~ ~ .-j~'
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