HomeMy WebLinkAbout2917 J. To p~ace and cor+t~nuously kecp on ~he b~~~d~~~gs :iow or heresfrer ~ituats on sid ~and and a+ ~I! cquip~nent •nd ~ersonally covered by this mwtg-
ege, wilh al) p~emwmi iheieon ya~d in full, t~re insurance in ~he usual sra~xlord polKy torm, in • wm approvcd by Ihe MOR~GAGEE, and windatorm
;nwranc~ in the uswl ~~a~~da~d poi~cy form, in • sum approvtd by tFw MURIGAGEE, in fuch tompany w twnpa~~es as ~M MO~IGAGFE may ~
d~rect; and all fin and w~~dswrm insurance po4c~rs on ~ny of said build.ngs, any interasl tharem o~ pa~t Ihereo(, in tlK .gqre~~te sum alaesaid or
in eacess thereof, shall conrein fF» usual standard mor~gayee clavse or such o?hx c+ause as Ihe Mprtyage! rrNy rrqu~rs, maAiny the ba~ ~ndr fa~d po1N
c.es, each snd every, paya5le ~o said SIJRTGAGEE af ~ts ~nrrrest may appear, and rach end eve~y svch pol~cy ahall L.e ~,r~mptly aisyncd a~~d deGvered ?o •
eny held by said A10RIGAGEE as tvrrher seturity ?o said mortpage debt, aiTd, not test than ten (10) days ad~ance of the expirat:on of each policy, to da
I~.er to aaid MORTGAGEE a re~~ewal the.eof, together with a rece~pt (or Ihe pr@mium oi such ronewal; and thare shall be no fire o~ windstorm iniurance ~
p!aced on any of sa~d bu~ldings, aoy inierest the~e~n or par~ therrof, unless in :he lo~m and w~fh ~he Icss payable as aforeiald; ~nd in the e~ent any sum
oi n,onay becomss payable ~nder such poticy or po~~uas ~a~d 11~ORTGAGEE ~hall hav ehe opt~on to recaivr and eppty the same on xcoun~ of ~he indebted~
ness setWed hC~eby w 10 pCrmit S~id MORTGAGORS to receive and u3! it Or dny poet ttiereOf fOr otncr p~~~•oSes, ~~~~hout thrrcu: v.~ai~+~ng J~ ~~npau-
~ng any Qquity, lien or right unde~ o~ by virtue of this mo:'gage; snd in the event sa~d MURTGAi',ORS shall for any reason fail to keep ~he sald prem~ses w
~s~,r_d, w fail to deliver prompdy any of aald F;oticiea of insurance to uid MORTGAGEE, o+ fail promptly lo pay fully any p+emium lherefo~ or in any
rrspect fail r~ perfwm, dhcherge, e:ecute, elfec~, complete, comply with and abide by th~s covenant, o~ any pan he~eof, said MGRTGAGEE may piace and
pay fo~ :uch insurance w any part thereof without wsiviny w ~ffectiny any opt~an, lien, equ+ty, or right under or by vi~lue of this Mortgage, and fht
i~_'i arnouM of each and e~ery such payment shall be ~mmediate~y d~e and ~vyab!e ene! shall beer inte~esl from the daTe tKer~~lil paid at the rate of
e pei centum par ann~m and to~rti,er w~th sud~ ~nterest shei~ ix secured by 1he I:rn of this mortgage.
I. To permit, commit w suffer no waata, impainnent a deterioration of said prcperry or any part thereof.
S. To pay all and aingulsr the costs, chargd and expenses, including a reasonable attorney's fee and costs oi abstrad~ o( title, incurred or peid al
t;me by said MORTGAGEE, beca~se or in the even~ of the fallure o~ the pan of the se~d MORTGAGOR to duly, prompNy and fully perform, d~scharge.
_.,:~ie, effect, complete, comply w~th and ab:dr by each and every ~he stipulat~ons, agreemeroa, cond~tiw~s, and covenants of sald p~anissory note and ~his
_;•rgage any or enher, and aad co:ts, cha~ges and expenses, each and every, shell kx im~ned~alety d:,e and payable; whether a not there be notite dr
n.cr.d. atta-:npt to collect or tuit pend~ng; and ~ha tul! amount oi each and every iuch payment shall bear in~erest irom ~he date thereof until paid at Ihe
o~ n~n.e per centurn Fer annu:»; and a~~ sa~d tvsts. tiinr~es a~:J ex~~~nses incurred or paid, toyathe~ ~vdh auch ~nterest, shall be secured by the liet~ of this
crtgage. ~
6. That (e) in the event o( any breach of Ihis Mortgage w default on ihe part of the tiIIORTGAGOR, o~ (b) in the event any o! sald ~ums of money
here~n referred to be not promptly and iully paid w~thin thuq (30) days next arrer ~he same severally become due and payable, witFwut demand or notice,
„r (Q in thr evem eath and every the stipu:a~ions, agreements, condltions and covenann of sa~d promissory note arxl th~s mortgage any w eithe? are not
i:';, oromptly and iu!!y ~erformed, d.s.~a~ged. rxrc~led, effecied, co,:~p:eted, comN~,ed w~~h and a~~ded 5y, then in e~ther w any such event ?he sa~d ag
:~~a!~ sum mentioned in sa~d prom~ssory no!r then remaining on~aid, w~~h in~eres: acuued, and atl moneys securr.! hereby, shall becorne d~e and pay-
.•~ortFwith, a thereafrer, at the opT~on o( ss~d M0~2TGAGFE, as fully and cump:etefy as if a!I of the sa~d sums of money were onginally stiputa~ed
` h_ pa;d on svth day, am~th~ng in sa:d pro n~ssory ncte o: in this M.ortgage to tne cantrary notwilhstandiny; and Ihe~eupon or thereafter at the opt~on of
h10RTGAGEE, w~thout ~ot~w or de~nand, s.,~t at iew w in equity, theietore ot theraahcr begun, may be prosetuted as if all mone~ri secured hereby
~ r„~t~red pnw to ~ts institution. _
7. That in the event that at the beyinn!nq of or at any nroe pend;~~g any su:f u;.on this Mortgage, or !o fweciose it, or to r~form it, or to enlorte
of any c!aims he~eur.der, said ~,10RTG:~GfE sha:~ apply to the Co~rt !~av~ng ~c:isd,ction ti:e~eof foi thp appo~ntment of a Receiver, such Court shall
•:.~!h appoint a rec¢~ver of s3~d mertgs~rd pro~.r~ty a:i and sir.g~lar, inci~dny a~l and s~ny~iar tl.e~ir.tome, profitf, issues and reven~es from whatever
, derived, each and every of wh:ch; ~e;~g eapressly unders!ucd, is he:eu~ n.ertyaged aS if s~ecifioHy set forth ~ad dexri6ed in the gran~ing and
~d,~m de~ses her~of, ar.d suth Receiver shali have atl the broad a~.d effec~[wr f~~•:_~ c~s anJ powers in anywise emrusted~by e Court to a Receiver, and
~ sa;~ointment shaB tx~ m.rde by svch Court as an ad:nitted equity an~ a ma•rcr c~ a~~;ot~te rFgM to sa~d MORTGAGEE, and withput refererxe to the
_:-cy or inadzquacy of the .a:ve of tne prcperr~ me~igaged or to ri~e so.Y~,nc~ or ~n_.c ~ency of sa~d NORiGAGOR w the defendants, and that such
profits, inco~ne, iss~es an.~ revenues shall be appiied by such Rece~ver ac:ord, ~g ~o the lien or eq~ity of said MIORTGAGEE and the practice of such
•
:_rt. . .
3. To du'y, pro~„F;t:y z~d (ully perfo~m, d~sc~~arge. ~xecute, effect, com.p:ete, comply w~th and abide by each and every fhe sypuibtions, agreements,
~~~~ns and covenanrs m sn~d From~ssory note and this r:ortgage set iorth. _
9. :^at in the event ttie ov:r~er>hip of tAe mortgaged pre~nises, or any part therecf, 6ecomes vested in a person other than the A110RTGAGOR, ihe
..:R?~AGEE, its s~ccc:so•s and ass~gnr, may, w~~hout ~oi~~2 ra ~he YO'nTGAOR. deai •h..h wch succeuar w successor ;n inte:est with referei+ce to this
•yege and the dci,t hcre~y secur~d :n the same n~anner as w~th thcrtgagor withovt ~n any way vit:ating or d+scharging the Mortgagori liabil~ty herr
.,r or upo~ ti~~ debr h_reu~ seo~red. 'J~ sa'e cE tF:e Frern~ses hereby mortgaged ar.d no forbearance on the part of the 1~10RTGAGEE or its svccessws
-ss ~nn a::d n, exrens~on of +he tim: fo~ rne cs~me•~t of the debt hereby secured gtven by the MORTGAGfE or its successors or ass[gns, ahall operate
_ ~_ase, d:scharge, rood~fy ci~enge er aftect the u-:g.n,+ I~ab:l ty of ihe N.GRTGAGOR nrrein, e~ther in whale or in part.
10. It is spec:fically agreed rha} time is of the esser,:e of this conrract and ~hat no waiver of any ob~~gar~on hereunder w of the obtegation se-
~-°d h~reoy shail at any ti~-,e ~hereaitei be ^e:d to be a wai:cr of the !erms h_reof or of the instrumeM secured he~by.
1 l. In a:ld r~-+ +o th> fwegc ~•g ~tiont't;:y payn•_~ts of pn:~c pa~ and mt~~rest requued by the prom'ssary no!e secured hereb~, mertgagar tovenants
;~^es ro pay to r~,er!y~gee ~:.ah ench ~:~^~~~h y p~;: ,enr an add.donal wm eu:~*,ered by mortgagee to be equal to 1;'12 of the annual cost of the follow-
A-All rea! ~aocerty taxes 'eii~d or assess^J agai•~st thc above descri~~d r~al estete.
B-Prr•:,ums on fi-e a~:d v;r.dsro:m inwrarcr as here~n rcy~:red to be ca:r,e~ cn the imp~oveme~ts s~tuate on the above destribed premises.
C-Pre~n~vms on wch mo:tg~ge 9ua•anfy msu*a~ce as mortyagee shaEi ;rcn^. t~me to fime deem fit to carry on the :oan secured hereby.
%:.ortgagec sha:: from fi:ne fo t::•fe nor~ir r.~o~rg„g;;r ~n w~~t,r.g of the a~o:~t due and payable herevnder and s~ch sum shall thereupon be due and
~ o~ the r'u>. da~? of rhe ~~•,zt mon+h'y pay~~tim and e~ch successive n on!h tnereah~r urnil mortgagee shall notify mortgagor of a change in soch
. Such sums sca!1 be app:•ed by mortga;:-e tov.ard tne payment of reaf property tazes, insurance prem;ums, and mortgage guaranty insurance
,..,s. ,
Ifd ~~ITNE55 WH:RLOf, tne sa~d f:SOR1GkGOR has hereu~to set ius hasid and seai the day and year first aforesaid.
f Signed, Sealed and de!ivered in the prese~te af:
- G~-~`~ Sean
~ ~ - ~°-J - - rrY er s~aq
~
` - - 2 `'C ~an
~ Y eraan seai
; U ~
=~"E Of FLORIDA +
! ~•dTY OF St . Luc ie _ ~ ~
~
Before me personai~y appeared Larry L. Herman a~
~ _ __~L1C~y _K. Herman his wife, to me well known and known fo me to be
~ ~~d~vid~afs descr;bed in and who exec~ted the foregoing instrument, and acknowledged before me that they executed the same for the purposes
` ~ -~:n exp~essed. And the said___ JllCjj? K. Herman
~ of the said Lar=y L. Herman _ s~~rate and private
'y nat~on by me raken separase and apart from her said husband, acknowiedged to and before me that she executed said instrument freely and vol~o-
a , y and w:thout any cornNulsion, co~straint, apprehens~on, or fear of or from fier said husband.
: LYIT~iESS my hand ar.d off~c~al seal th~s _~th _ da~ of March A, D. 19 75
~
~
fILEO Rh~ 9ECURDEO Notary Public and r the State of Fbrida at Large !
; ST.I'JCIC COUMTI( FtR. ~ My Comm~ss~ e:pires:
~ Ret~rn To: Fi~vE' ? S+TRI$
rst Federal Savir~gs 6 Loan Assoc:aLOn ri~ ~.ti'~. v~ ~V~Z ;.CURT LL Nohsry PvbRt. Stoh of 17orTt~e d lerg!
~ P. F ~ r~'~!~ D~ r_ Mr Cora~rsnsion Eap~res 1v1y 4t, 1177
; Of Furt P <-~cr ~ .
~Ul sa+a: a,u~.:a~ Frr 3 C.~:~~~tr, t~ `
Fort Pierce, Fioric)a
~ Ma~ 3i 9 44 aN'15 ~,,ss,,,..:,.~,;,,,~ ~ ,
_ i . . ~I '
~ 30~'789 ~ _ • . ' -
This Instrument Prepared By Gary F. E11~?ood y.:•''~;;~~•v
First Fe Savings & Loan Association ~~i ~ _
Fort Pierce, FloLida _ : -3 r
Checked - ~ 'A ~ ~ ~ ~
r - s
0 R . • • ' - ~
,r',~~ ,~~~~~3,.,,,.•:.:.
- ~~~37 ~~~~1.5 ~ :
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a~ii~4 v< ~~x f - . ^ ~t
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