HomeMy WebLinkAbout2541 3. To plac~ and conti~uou~ly keep on ihe bui!d~~~g~ now o~ hereaUe~ a~tuae~ on sa~d Iend anJ on ali eq~ipnunt end personally cove~ed by this morrp~
•q~, with ~fl p~emiums thereon ps~d m ful{, fuc insuronce m the v~ual s~arwa~J ~,o'rcy form, in a tum apWoved by the MOR(GAGEE, and w~nditorm ~ j,~
~nsw+nc~ in tM utud ttandard po~~cy (am, in a aum ap~uoved by th~ Nk7RiGAGEE, in ~uch company or compani~s as du MORTGAGEE may •
d~rec~; and all fi~~ and w~~dstwm inaurarce poiiuei on any of sa~~ bui;d~ny~, any imere~t ~horein or part therwf. in IM ~pgrs~at~ Wm ~fwetaid w ~ .
in eacess Ihereof, sh~ll contain the uival s+andard morrgigee dause w~uch o~l.er c~awe ai the Mo~tyayse m~y reqw~~, mak~n~ ths ~ou under ~a~d polf
ues, each and every, payabla to said MQRTGAGEE as ~r~ int~•res~ may appear, and cach ar:d every wth po!~cy shafl tx promptly ass g~rd •nd delivered ~o -
any held by seid MORiGAGEE ~s iur~har srcurity ro aoid mo~t,~age de6t, and, noi lr~s +he~ ten (10) days ir~ ad~ance of the exp~r~tion o1 each policy, to da
+.~er ~o iaid MORTGAGEE a renewai thereof, toqe~Mr with e rcce~pt !or ~he pr~mium o( svch ~enewal; a~d there shall b~ no iire or winduorm insurants
placed on aoy of ~s~d build~n9s, •ny interes~ therein or put theraof, unlesi in ~he form and with the ~oss payable as a(oreiaid; ~nd 7n Ihe evant any sum
of money becomes payable under auch policy a policies said MORIGAGEE ~hall have iha optw~ to receive and eppty the same on accouM oi the indebled- ` '
neli secured hereby or ro pe~m~t se~d MORTGAGORS ro receive and use if a an~ F-.art ~i~.rr?ef for o:nc~ puryoses, w~~nou~ ihr.cur .va~~~~.~g or unpair
~ng any lqu~fy, lien w ri9ht under or by vi~t~e of Ihis mo•~gage; •nd i~ Ihe event ~a~d MORTGAGORS shall fw any reawn fail to keep the said premiies w ~
~~+~red, or lai~ ~o deGvar p~omptly any ot sa~d poi,cies oF insuronce to sa~d rAORIGAGEE, or fall pra~~ptly to pay fully any premium Iherofa w in any ~ f' ~
reipecl fail io perfwm, d~scharge, execute, effect, compirte, comply with and ab~de by th~t tevenant, o~ any pa~t hrreoi, said MORTGAGEE may plsce and r.
pay for such in~urance or eny part thercof without wsiviny o~ a(fecting any op~~oo, iien, equ~ty, or right under a by virtue of this Mo~tgage, and the
t~;l amoun~ of each ar.d cvery such paymcnt shell be ~mmed~atcly due and payable end shail bear interes~ from the dats thereof wuil paid at tiN rate ol
-~c pe~ cent~m per ar.num m~d to7rlhrr w.th such inte~est sh~C be ~ecor~d by the iien of thi~ mortgage.
1. To permit, ~ommit or sutter no wasre, impairme~~s ot deteriora~ion of said prc~:rrty w any perl thereol. -
5. To psy all and ~i~g~:sr tha cosfs, charges and ex~,ensrs, inc(ud~ng a reasonuble a~~orney's (ee a~d cost~ of ~bstracts of title, Incvr.ed w p.id at
'^Y T~~n~ by sa~d MGRTGAG`E, becauso or in the even~ of th~ fa'Jure on the parl of the seid MORTGAGOR to du~y, prompNy and fully per(orm, d~scAa~ge,
z=~ c~re, effect, complete, con,p!y w~~h and ab:de by es,h and every the st~p~ia~~ons, agreemrnts, conditions, end covenants o( u+d promiswry note and thii
xrgage any p either, and sa:d cosrs, charges and ex~nses, each and evr~y, ahaf{ be ;mmrd~atety due and payabte; whether w not ther~ be notice de
~~d, attempt to co~{ett w suil pending; and the fvil amount of each and every wch nrymeni shal~ bear interest from the date fhe~eo) un1i1 paid aP~the i
n~ne uer ccn:um yer on~~u:n; on~ afl sa~d :usts, ci~aigr~ a~~d caµcs~~s ~nturred or Neid, toycther w~th such iNerest, sh~ll be ~eCUret) by the lieo of this ~
r;~.o~tyags,
6. Tha1 (a) in the even? of any txeach of this Morrgage or defau!t on the part cf ~he MORTGAGOR, or (b) in the event any of ~aid sums of money ~
here~n referred ~o be not prompt~y and futly pa~d Y//}AIR ~h.:ty (301 deys r.ext a+ter the same severalty beco~ne due and payable, witiwut demaod or notice,
: r;c) in rhe event each and every the stipuiations, agreements, cor.dn~ons ar.d co~enann of sa d p~omiswry note and ths mortgage ~ny pr either are nol ~
~-'r F~rompNy and f~lly perEormed, d~scharged. exec~ted, rffe;ted, co~n, ;r'~J, cen~~>~ ed •~.:ih and ab~ded by, Ihen in ei~her ~x any such ev~nt the said ag
a:~~a~e svm menrwied in seid pron;issory nete then re:~:ain:ng vnpadd. ~a;ith ~nrrrc;r ac.rued, and a~l mo~eys secured hereby, shell become du~ and pay-
_ foethwilh, w thereafter, at the opr~on of sa~d 1:tORiGAGEE, as fu:~y and corn~,:etefy as il aif of ~he aaid sums of money were orginslly shputated ~
- r•~ pa:d on such day, anything in sa.d pro•n~ssory note or in rh~s 61or~~age to the conrrary notw,thstanduig; and thrreupon a thereafter at the option of ~
.~,d 1; pRTGAGEE, wrtho~t no!~ce or demand, su~t at law or in e~uAy, iherciorc or tnereairer bequn, may be prosecuted as if all moneys setured hereby
u matv!ed pr:or to ds instrtunon.
7. Thar in rne even~ that at the beg~n~:r,g of or a1 any tune pen~,ny any su~t v~>on th~s Mortgage, o~ to foreclose it, or to reform it, or to enforce
•~e» ot any ca:~r.s ~erevnd~=r. soid Pl.ORiGi.vcE ~ha:l .~p;;;y to tha tou~t h<•~,~:y ~ua»d;c~ion thereoi for the appomtment of • Receivev, such Court shall
,~'..~~ih aFpo~nt a rr-_ciecr of s:~'ti mortgag.d pro~•.rty a:; and s:ngular, ir•Gi~d,ny ~i! and sinyuta~ the income, proFitt, fswes ar~ ~CVCnueS fra~n whatevl~
~ dt~nved, e~ch a~~J every cf ,n,F..ch, ,t Gr~~g ~~..F•*ess'•, ~nderstuocl, ~s herc~r n ort3agcd as if specitiwlly set forth and deiuibed in ihe qranling and
__~d,;m ua~ses hereof, and i~cF. Receiver shaii Fave a!! the br.,ad a~:d rifec~l.e fu.~:• o,:s and ppvvers ie anywise entrusted by ~ Cour~ to • RecCiver, and
s_r~ a~ poin7me~v ohal~ br madc ty such Cuvrt as an ad:nined rq~~ty and a ma~t~r of abs~ ute r~ght to said MORTGAGEE, and without re(ererxe to the
••_s:y o+ inadey~acy of the vaiue ci the property mortgagecl or to the so.venci or ~nsoiventy ot •aid MORTGAGOR or the defendants, and that s~ch
:_=~s, profits, inco~ne, issues and revenues sha~l bt apptied 6y such Rece~ver ~c:ord, ~g ~o the lien or equity of said MORiGAGEE and the practice of such
Co..rt.
~ B. To dvly, promptty and fu~iy perform, d~scharge, exrw~e, effect, co.:.p:ete, w~-~p!y with and abide by each end every the stipulations, agreemenfa,
.~:r~ens and cavenann m said prom~ssory note and th~s mortgage srt forth.
9. T!:at in rhe eveat the ownerch~p of the mo~~gaged prem~ses. or any part tncreof, becomes vested in a person other than the MORTGAGOR, thQ
-`R~GAGEE, +!s succeswn and aa_~gns, may, w theut r,or:ce to the PAORTGs•JR, deai w:rh s~ch suicessw a successar in i~te~esi with reference to ihia
~ '~~~ge and the debt F.ereby sewrrd in the seme macr.~•r as xith .".lorrgagor vnthout in a~y way vitiating or d~xha+ging the Mortgagors' fiabitify herr
; .._r vr ~pon th~ debt hereby set~red r+o sa:e of thE Frrn:~ses h.•~eby morigaged and no fo~bea~ance on Ihe pa~l o! the ldORiGAGEE W its suctessors
s -_•;:9~s and ro ex.ens~on of rhe ne,~ (cr rt:e E:ayr.•enr oi th,e drb! h~re!;; aec~red g~ven by t!~e MORIGAGEE or its successws or ass~gns, shal{ operate
j _.,se, d,scharge, mod~fy cna.:ya c~ eftect tne o~.y~na'r l;ac;~y of ~he N.ORTG4Gc7R herein, either in whole or in part.
1
6 10. it is speoficaily ag.~ed that t~me is oi the euence of !b;s co-~irad a~d that no waiver oi any obtigation hereunder or of the ob~igaYan tr
~ d hareby shaH at any hme thcreaiter be hc:d to be a wdiver of the !erms hereof w of the ir.stru:nent secured he:by.
~ I1. In acid:no~ ra rhe ierego.n~ ~:o~rh7y payrt;_nrs ot p-inc aai and interest requ:red by the promisscry note secured hereb~, mortgagor covenants
j _;rees ro pay Po m.o:tg:ag._e .cirh ~a:n mo„rhly ~ay~::ent an dUC1::~C~dl svm est~^:atre~ by morigagee to be equa{ to 1,%12 of the annual cosi of the follow-
;
~ A-All real p~cpc•t~r ta,ces ;en~~ or assesseri aya~ :sr tne above descnbod real eatate.
! ~-Grc:,,:vns on f;.e and v.~;ids~~rm ms~:a::ce az %~e:c~n r.~q~~,~~d to be car.~ed cn the [m;~rovemeMS situate on the above dastribed premises.
i ' i
; ~_--Prem~un.s on svch mortgage guar3nty ~ns~ra~.ce as rrort~agee shall frerrs t me ro t~me deem fit to carry on the loan secured hereby.
i hlortgogee sti-`! frcm t„-:e to t~~.e ~c+ify mortyagor ~n wnr~ng of the amovnt due and payable hereunder and ssxh s~rn sfiail thereupon be due and
~ ^ on the due d~+e of ~he rext monfhi f pa•yr•,e-t and exh successive month ehrreafter ur.til mortgagee shall nofify mprtgagor of a thange in such
i Such wms sFa~l be aF.p'~ed by rnOrtpaj•~e to~a:d tf;r paymem of real property taxes, insur.ance prem;ums, and mortgage g~aranty insurartce
JmS.
i ~ t
' !Y Y11TNf5S YIHFREOF, the said MORTGAvOR has here.,~ro set he !
t ~ ~I~~r'~ R~~ ~~J~~(~e~~yjy and yea? first afweseid. ;
i Signed, $ea.ed and delive~ed i~ the presence af: ~ n Cv :
, ST.! t;CiE •„~I;NTY f~A. ~~K _ g
~ ' RO",;= iJi"RAS , ~e0 ~
i .C ~ c, r~.•. ~'siT C~u Charles G bbons Jr
~ ' - ~~,•e~.^ ' : F.F•E~~ (se,n ~
' - '
! - - Seal)
'
~ M~Q 26 26 aH ~ rances A. Gibbons ~~a~~
; =i~ OF fLORtDA ~
f U'iTY Of St. Lucie _ _ ~
Before me perso~atly appeared ChalleS G1bbOflS ~.7Z . a~
Frances A. Gibbons his wife, to me well known and known to me to be ~
:;ndividoals descri6~d in and who executed the foregoing instrument, end acknowledged before me that they executed the same fw the purposes =
'_~c~ expressed. And the sa~d__FZ~C@S Gibbons ~
.~e of the sa~d Charles Gibbons, .lY• vpon a separate end private ;
~-T. nat~on by me taken sepaiate and apart from t:er said husband, scknowledged to and before me that she exetuted said inst~ument freely end volun-
/ and w~tho~t any tompu:s~on, co~straint, a,^.pr he,r1s~ n pr fear of or f:om her said husband.
WITNESS my hand an! o(f~ual seai th:s__ day of M3rCh A. D. 19 75
~ ~ ;
Notary Public in and for the State torida at e :
My Commission expites: ~
Ret~rn To: ~
::rst Federal Savings 6 ioan Assoc;ataon ~`w!+
Of Fort V:er[e. ` ~~~tf„I, ~ ~
Fort Vierce, Fiorida •
J~`~ ~ /~r S
~
~ ~ O w
, _ ; ~ " Tq ~ r
This Instrument Prepared ByJohn W. Collins
First Federal Savings d~ Loan Association `4 i-, : p°~~ ~ -
Fort Pierze , Flor ida .
U~~1 ~ -
Checked By R '~.~.,c.~ _ -
Bo~«237 P~f2539
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