HomeMy WebLinkAbout0255 3. To place and continuou~ly iceep on the b~iid+rys now or hereahei sit~ate on s~~J 1anJ and on al~ cyuip~T~rro and perionslly cove~cJ by ~h~s mo~tg-
aye, wilh all pr~mi~~ns thr~eo~ pa~d ~n full, lue i~~sc~a,~te in ~ha uwel sra~xfa•J yo'%cy fo~m, in a aum apN~oved by Ihe htOR~GAl3[E, and wind~toim
~nsur~nce io ~he usual standard po6cy ioim, in ~ wm appruved by iha MORTGAGEE, in such company or companies as tM MORtGAGEE may
d~rech and all (ire and w.ndstonn inswantc poGties on any o( san~ kwiiJ~nyf, eny interesl therein or part thereol, in Iht aygrrqate tum aforesaid w
in excess ~hereof, st,all conrain ~he usu~! sfandard mor~~ngee dause or auch oiher c',we as Ihe Mortgaaee may requ~ro, maAinq the loa~ unJe+ ~a~d poli-
c~es, each and every, pay~b;e ro said 1tORTvAGEE as ~ts ~~r~rest :ney appca~, a~~d cach and evcry svch ~o!:c j s~~ail be prompt~y ess yn~d ~~~d del~veied ~o ,
any held by sa~d MORiGAGEE as fu~ihai aewrity to said mortg~ge debt, and, not les~ than ten (IQ) da~s i+i ad~ance of ~he expnat~on of ea~h po6cy, to de-
f~rr to sald A10RTGAGCE a renevva~ thereof, toe~ether w~'h a rece~pt tor tho prcmium of such rene~.al; and there sh~ll be no f~re o~ windsto*m insurance "
p~eced on any of uid buildings, any ;nterest therein w part the~rof, vn:rss in ihe fonn and v~,fh the ~css payaLle as ato~eiaid; and 'u~ the evenl any sum
of money betomes payabFe vnder suth policy or pol.cios sa~d MORIGAGEE shall have ihe ophon to rece~vr and apply the same on acco~nt of the indebtrd~
nrti sec~ted htreby o~ to ptr.nit aaid ?AORiGAGORS ~o retaive and use it Or any Fart ~h•~:c•of ior oti~~•r pu:.:::s~•s, v.~iir}~t th~nu~ riarv~•+.J ~r m~pair- '
In~ any equity, lie~ or ri~ht undrr a by virt~e oi Ihis mc:'yage; and in the event sa~d MORiGAGORS shatl tor any rcaton fail to kcep ~he said pren:ises so
~nwrid, or fail to del~ver prompr!y any of sa~d poi~ues of insurance to sa~d IdORTGAGEE, or (aii promptly to pay fuf~y any prem~um therelor or in a~y
rrsped lail to per(orm, d~scharge, e~ecut-. rt(ect, ton~plefe, cc:rply v~iih and ab~de 6y th:s covenant, or any pert hereof, said MGRiGAGEE may piace a•~d ,
~+ay tor such insurance cr eny pa~i thereof w~thp~t w~iving w affecting any opnon, lien, equ~ty, or righf under o~ by virtue of ~his hlortyage, ard the
f~t1 amount o( each and e~ery auch payment shall be i~~,med~aiely dur ard payab'e and shal! bear ~nteresl irom tha date thereof ui:til poid at the ~ate ot
,~.r per ce~tum per annum and ;~~_ti;er v.~th su:i~ intcrest shail h-, sec~rcd by the l~en of this mortgage.
1. io ~rmit, comrnit or su(fer no waste, impainnent or detcr;orat:on of sa~d pr,perty or any parl thereof. -
5. To pay all and singular the costs, cha~grs a~d txpens~•s, mciuding a~e~son,~b!e attorney's fee and custs of abitracts of title, incurred or paid at
+'~r ~~i*~ by said MORIGAG~E, beta~:e or in the event of ihe fa;lure on the pan o~ ~he s~id N,QRiGAGOR to duiy, p~omptly and fuily per(orm, d~scharge.
,.~-c~te, effect, ccmplete, co:nply w~th and ab.de by ea.fi and every the st~pvlat:ons, agr«menta, conditions, and covenanrs of sa~d prom~sso~y note e~d this
.~rgage any or r~ther, and srd costs, charges and exFer.ses, each a~x! eve~y, sha~I ue immed~atrty due and payable; whether p not there be no~ice da
~.~~,d, atte+npt to collect or suit pe~~d!ng; and the t~lt amount uf eath and e~ery such payment sh;,tl bear in~crest from Ihe date thereof until pa~d at the
o~ n~ne per c~r~:•.,~*~ Ne: .,r.~~~:o; an;.! aii sa~d c~i+s, cka~~es a:~d c,.,..rr.i•rs ~nt~~:rcd or paid, rogether w;th such ~nterest, shall be set~red by the lien oi tha
_.,rtgaye.
6. Tha~ (n) 7n the event of any b~rach of this I.".O~tgage or de.`a~lt on th~ pa~t of i~;e MORTGAGOR, or (b) [n t5e evenl any o( sa'd sums of mo~ey
6erem ieferrad to be not prc~~~pNy and fuHy pa~d m~tr~~~~ th,rty ~3Ji days r._~xt ~~r•~r tt~e ssrne severe,~y Gecome dur and payable, witho~t demand or notite,
;c) in the evens each and e+ery ~he stipulations, agrremeM; cor.d,:~o~~s and covenants of sa.d prom;sw~y note and th~s mortgage any w eithe~ ere not
1.'Iv, ptO~r.pt{y and iuity pcr(ormrd, d.v=:~a:g~:d, erec~tt•d, e~fec!rd, co•np:eted, con~y~;cd ~:.~th ~r.d at~d~d 5y, ~hen +n e~ther or any such evrM the said ag-
gate sum mennor,ed in snit3 pron:~,so+y ~i.::e then re•~am~ng unpa~J. :~~th ~mc~~~s ac.r~~~d, ar.d a~l mor,eys secured hereby, shall become due and pay
: forthwith, or !l1Cic3jiP~, at ~he op~~o~ ef s~:d ~ho~tGaGcf, .~s fvi;y an~ cor.e~,:e~rly as if al! o( ti:c said sums o( money were onginaily st~p~:ated-
, pa.d on svch ci,.~, ~nytt~ir.g m s.i u ~~e~n~ssory ,:ote x in th:s '.1urt_yay~ te fh~ [onTrdr~r nor,v~!hstand~ng; and there~pon or thereafter at the opt~on of
s:~.10RTC,AGEE, v.~:!:,u~ noe.c< o• u~~ma:.d, svit faw o! in eq~~ty, thereier~ or thrr~afrrr 6egun, may be proiecuted as if all mcneys secwed hereby
r-i •*~atured pnor tc ~ts insntv•:~n.
7. That in !he evrr.e that rhe b••~innlr.g ~f or at an f::~ne ~,end~~.y any s.r~t u;x~n th~s Mortyage, o~ to foreclose it, or to reform if, or to enforce
. ant of any c!;;ms `ereur~d>r, s~~e ::,i~QTG:+i~~c s~sali :~~F:ly to fhe Ccurt ha:: ~;~r~sd cr:e:: tne:eof for the appoint~nent of a Reteiver, wch L~urt shail
,.I~h a;;F,u,nt a r.=ce:.rr of s: d-~•~yay_d ;>r~,~en~ a„ ~,d s~~;u., , i• a;d `~C~ J:' Ji'C} s~au~ar i~.e ;ncome, prof~rs, issues and revenues 4rom whatever
ce Cerned, e;Ch a~.1 e~er~ cf ch, :e b<~~~~g :•.,~;,:~ss.y ~ndrrsi;•oU. ~s r-r~~-u;r n:or~.t ~~rd as ~f :pe<:fically set iorth and deuribed in the granri~g and
:;d~m c auses hereu=, a~~d s:r:h Recener sha:t h,v._ a!1 the broad a~~d eiiec•~ve i;, ~•,s o•~d pcwers in anywise entrusted by a Co~rt to a Receiver, and
' 3rpoin+ment sh;i: be made by suc, Ccu~~ as a.~ ~+d~-~ined ~-q~~~iy and a c~,~r.er of a!,:o :,t~ r;gM to said MORTGAGEE, a~d without ?elerenee to the
a::,c~ or ir.ade~uac/ of the ~a:u-r of ts~a properry n,ortgcyed or te ~i;e so~.c c~ or -n;~!•.er.ty pf sa~d MORiGAGOR or the defendams, and that Suth
-'s p~ofita, incane, issues and reven~rs shal: be app,,ed by such Recrrler a.~u~:::::q ~o the lien or eq~ity of said MORTGAGEE and the praUice of suth
-curt. '
3. To d~~~y. ~.cm~,t;y a~~d fuliy perfo•m, d~scharge, execu~e, ef~er_t, co~,:pl~+~, ~~r, w;th and ab~de by each and every the stipulations, agreements,
J r cns and co.cnants ~n s,:•d p:omissorl noce a~~d 7n: moitgage srt forth.
9. T~,a: in me c.e•~t rhe o.,:,er~h:;: of en._ mo-tgaoed pre~~~ses. o. a:iy par; tt,errof, 6ecomes vested in a person other than the MORTGAGOR, the
. 4"~.GFc i's s.~,c:s~~.~s a-.r! ax~a•.-. ~.ay, v,~~hovr ncn.n to the f:'.OR?v~OR, :J_~ai ..~~ii such :~ccessor or svttessor in interest with refe~ence to tnis
~~e3e and t;~e d:~t i.~~eb~ s•::.,:c;i :n the ssn,e n~a~.ne~ as w~!h '.1~rty~~o• w~thcvt in a~y ~vay vit!ating.or dncha~ging the Idor;9zgors' liability here-
- or uF.o~ rh~~ d_~i hre:;; s_:-~d t;o _ of ::~o ~.~s•~s hcrc'Dy rn^~tga~r~ 6~~c~ no forbearance on the part of the IAORTvAGEE w its successors
~~ns and ro c,•er-s.o- of .h~- ~ i.~• th. r,,~., • cf t~:e de:,+ h^:.~by secu~ed gfven by tne !.~ORiGAGEE o+ rts successors or assigns, s~~al! operate
.:se, d,charge, my.3~i~ ~har,g_ at+ect t~~~ .,~~~.ne: 1:.~;:•:t~ oi ~hs ~:.;;~:GAGOR hefein, e~ther in v~,hoie or in Fart.
10. It h seec:'~cal~y aa~ced ~I~at tf;,,e ~s of t~~e E~ssrncr of this co•rtract and tl.at no v.ai~er of any ob~~gat;on hereunder or oi the obligation se-
d h:reby shaL at any h^:e 7f1~lE2TiC~ be ne:d ro be a wa~.er of the ~rrrtu hzreof or oi the instrument secured lierby.
! t. !n .::ia.~.o : to r~•~ !~r~ ,c p':~'~'-""s ot :;;3i and , cs> reyu~:ed by the prom sscry ~ore secured hereb~, mortgagor eovenants
; t,~rees ro ;~ay ro r~orrgt;ee N.ith ?acihJrronth y;;~,.,er~t an add~rional svR~ esr:~:;+ed by mort~agee to be equai to 1,' 12 of ~he amwal cost of the follow-
A-A!I real Frope~ty t,~xas cr asses:_~ ny~l~se.th_ a!:ove de.r.:,._d ;al esr.~te.
, B-Fr.• :-~~~s on ';r: ar. j.ti•~: dv~,: ;~,s~•: ~ cr ~,s i:rr.,~n r.,q~:.r_d to be ~c.~ •he ~ci,:rov~me~!s sftuate on thc abeve desaikred premises.
C-Pre••~~ums on SVt!1 ~,,o~fg-ge g~ar= .ry i~=.u~a:.ce mc•tyagee sha`1 f~o.c ..c to •une deem f~t to earry on the loan s^cured hereby
~'.tortgagre 5'~a'i ~-cm ~~:re !c :e "~~y ~ron~~~;r m w~:Lrg of ihe a•-o_~~t d~c and payab(e hereunder and such sum shall thereupon be due and
•'e o~ th•, c;;= car., of n,r.~ .:tt: c:•.a~,~ .;n ~,d ~a.h sucu~ssive n.~.,;F; i~.e:~afi.~r ~r.til m rt a o ~
: ° c g g_e sha,l notify morrgagcr of a change in wch
S~:h su~.+s shj i Fe apE ied oy m~r•g~g~•c iev.a:d ihe payment of r~a! prcprrTy taxes, insurance prem:ums, and mortgage guaranty inwrance
_ ~,s.
~ I'J :lIT?~E55 :".H~R=pF, rne sa~d 1J,t~i2iGr.GOR has here.~nto se• his hsr.d ard s~_eI the day and year first aforesaid.
i $!gn d, Seafed d eii.r ed ~n the presence of:
eal).
~ - ' ~~'~~~`~G2.L-- - ~@Or9r l 1 COX `
~ - - - ~SeaQ
(Seal)
~ - - - - - (Seap
~ ' ~ GF FLQRIDA ~
~ St . Luc_ie------- ~
;'.TY Of - ~
~ Before me ~sonaliy a peared _ G I K H11 C
P° P _~Q_9~L~ OX._ d S1ila1Q adU1L ~nd-
------~~--'~---~--~--"'--~'~i~iayviie, to me well koown and known to mPe t~~be
~,nd~v~dua~ descr~bed in and who exe.uted the fo~egomg instrument, and acknowtedged before me that he executed the same (or the ur s
_ _~n expressed. Jtrtd~tlr~sd~
_ -
~ ~.i.-ei-ti~seie~-==_ __-___~____________________~~-----_________-----___-__ropon~ez rete~nd- erMt
~ Pr i
~ o~.wilpM1 ~ w~ 1i~i[.W i~i~iii ~nd-d*YF ~sOwF Ik~ ~INi~i~~flT KjMMW{edyed-t~ bwd-be~o~rrwo-ti~s~ ~be-cwxuted-said ~twwo~+» ir~aly-awi v~lw~- ~
~ -~w~wc~w~tlww-aoy~c~oa,puisioql~+uuairw.~ppsei~«~+~r~r-fex-oi~s-frow~-her.i~idi~~ra~aw~ ~
~ 75
'NITNESS my hand and oH~c~al seal sh:s _.QC_~~/ _ day of_____ ~rCh A. D. 19 :
r ~
~ FILEO aN~• - ~
4ECOROEII--- Nora.y P„b~~c ir nd ior the State of Florida at large
~ St. LUClE C~UNTT F~A. .
s~ ROG~'t' r"l~iQ,~S My Comm~ss~on expues:
~ Return To: C~~RK J(j ~ t:oa, . j;, , , f FS; ,
i.i. Rj
k ,t Federa! Sarin3s b Loan Assoc;ot:on 4FrAF'.'1 7~~:;-,t~ Ci~u~Jj~~ ~ p,~:.._ .:~c ]i?,
~ O' .u~r Pr-c., E_ . _ . -v.
~ Fo•t P;_'+ce. f ~c•!d ~ ~11 ~ 3 (~8 ~H ~ • .
~ 3t35(~Q _ .
~ .
~ This I^strument Prepared By Gary F. Ellwood ~
~
First Federal Savings 8~ Loan Association > -
~ of Fort Pierce, Flor ida ~ ~ i:
~ ~hecked By ' ~y• . r•_
~
0 R ~~D ~ . 1 ~
800a~?c~ PAGE 2 . ,
.
, `\,A~~'•.
- ~
+~~'i-~"~._ 3' ..i ~.+v~. . . . . . _ _ - Y=mL.
~v' ti`. .~r" 3 ' ~ 'S7`~
e
Y
~~',~'r
- ~ y ;,-~;r:`<i