HomeMy WebLinkAbout0682 3. To place end coroinuoua~y keep on tnr b~~:d~n~s new or hereaficr sduate on seid ~and and on sli eq~~pment and personally covered by thit mo~tg-
+~e, w~th ail p~em~ums ~1~ereon pa,d in f~l~, hre u~su~e~,ce ~n tne usv~t sia~~d.+rJ poticy form, in a aum aHproved by the MOR~GAGCE, and wind~t~rm
~niurance in Ihe usual s~anda~d pol,cy form, in a c.um d~](1(OVC(~ by ~he A50RiGAGEE, in such company or companie~ as ihe MORIGAGEE may
d reU; and all lire and w~ndstorm inswance po~~c~rs o~ any of asid builJ~~~ys, any in•arest ~herein or part ~hereof, in Ihe aggregale sum aforesaid Or ~
in racets Ihere~f, ~t~all :omain Ihe usual ata~idard mo~tgagee c;a~se or such other c~eu'se as ?he hlortgagee may requua, mak~ng Ihe loss unde~ se~d poli- .
c~rs, each and every, payab!e to said MORivAGEE as ~rs intcra,t may appear, and each and every s~ch ~wl~ty shali be promptly aasg~:rd and de~ivered ro
eny heid by se~d MORIGAGEE as tu~?h~~ srcurity to said +~~c•t3a~c debt, and, nor !css than tcn (IQ) da'is in ad+~n:e o1 ~he exp~ral~on of each poliey, lo da
I,~er to ea~d r~ORIGAGEE a renewal thereof, toge~hrr with a rece~p~ for the p~e+n~~m of such ~enewal; and ~he+e shall be no i~re o~ windsto~m insuraoce
o!aced on any of said bviid~ngs, any interest ~herein w part th~rcof, vnlrss in ihr fonn and w~th the loss µayable as aforesaid; a~d in the e~en1 any sum
o+ n,oney becomes peyabte under such policy or po~~cies sa~d MOR~GAGEE ~Aalf have ~he opt~on to receive and apply the same on account oi the i~xiebted
r-5s 32wred hereby C~ to pennil S.~id fAORTGAGOR$ to reCeive anti uie it w any parl ~h~:c~f tor otii.,• pu~}osr5, v.~tho~t th~n;» ~~,:.i~i7 or ~~npau-
~n~ e+,y equ~ty, I;en a riyht undc~ or by virtue of this mo:!gage; and in the evem sa:d M0~1GAvORS shall for any rcason fail to k~ep the aaid premisrs so ~
a~~~d, or iail to del~vcr promptly any ot Said poi~t:ea of insurante to said MORSGAGtE, ot foil promptly fo pay (ully dny premivm therelor or in a~y ,
;,~~•a fa~~ ro perfwm, d~scha~9e, exrcu~e. e~~ect, co~-+p:etr, compfy with and ab~de 6y th~s covenant, or any parf he~eoi, said MGRTGAGEE may piace antl ~
f.=, for s~th ins~ran.e or any part nc~:cof wi~hout waiving or affecring any option, iien, equ~ty, or riqht under or by virt~ee of this Mortgage, ar.d the
i amo~nt of each and evrry such pa~rnent shill be irnmed~arety due a~d payab!e and s?+atl bra~ interest from tha date thereof until paid at the rote oi
per cent.~ni Fer ann~n: ard tu~r;hrr v.i'.h wch i:~!rr._s• aha;' b~ s•-ccre;l by 1he l~en o( 1hiS mOrlgagB.
4. To~permit, commit w sufier no wai~e, impainnent or ~lcir~ioraLO.i ui sa~d p:o{;erty or any part the~eof.
5. To pey all and sing~lar t~ie costs, charges and eapens.s, indud~ng a reasonable at+orney'a fee and costs of abstrads of title, incurred or paid at
t~~r.e by sa;d MORTGAG`E, tecause or in ~he evenr of ~i~e fo:.ure on the pa~t of the said MORTGAGOR to duly, promptly and fulfy periorm, d~scharge.
„:,,te, effett, complrte, co•r.ply wah ond ab.dr by ea:h and e~ery the st~pulat~o~s, agreements, condit~ons, and covenants of said pro:nissory note and this
~~rgege any or e~~her, and aa d cos~:, charges and expenses, each and every, shaft Le im~nediately due and paya6te; whefhe~ w not thero be notice df
_,~~d, a!tempt to toilect or svit pa~id~r,g; and the full amoum of each anJ every s~ch payment sha~l bear inrerest from the datQ ihercof uMil paid al the
n~ne per cent~rt~ E.er a~~~:u:~~; aric ~i~ sa~d t~vs, ci.rges anJ a x~en5ri ~MV:ted w pa~d, loyether wAh wch ~ntz~esi, shall be secured by the lien of this
„.o~rgage.
6. ihjt (a) in the event o4 any b+each of this trortgage or defa~h on th~ pa~t ci ihe MORTGnGOR, or ;b) in the event any of sa:d suma of money
n.-~,~~n refened to be nof pro~.~pUy ard f~Uy pa~d w.~rnm thuty ~30) de~s nex+ a~ter ~he same severa:ly becane due and payable, w~thou~ demand o~ notice,
, in the event each a~d every the shpu~ationz, ayreements, cor.d,fiens and covc+:ants of sa.d promissory nole and th~s mortgage any o? e~ther are nol
i,:'.~, r.rp~nptly ar,J t~liy pr•tormad. ds:harg•,d, eaccuted, effecred. cu:np7e:ed, co~nFi.ed w~rh and a!:~ded 5y, then in e~,ther or any such event the sa~d ag -
i: ~e w~n ment~oned in so~d prem:sso~; nore then ie~*~aining unF;aid, wAh IIl1E/CS~ a~cr~ed, and ai~ moneys srcured hereby, shall become d~e and pay-
forshw~th, or therea~re~, at thc opr:on c.t s.~~d h10RiGAGiE, as fuliy and CGmF,:rtf~y as ii ail of t!ie sa~d s~ms of money were ongirta:ly sHpulated
~ _ pa;d on svch d.:y, ,,ny~6mg in sa.d p~o•^.:ssory note or in tnis hlortgay~ to the co~n•ary nctxithstandiny; and thereupon w lhereafte~ at fhe option of
s c! ~.10RTGAGEE, w~~hu~; no~,c:~ o+ den:a~~d, s.;lt at !aw ei in za:,~~y, ~herriure or thereafter begun, may be Rrosecuted as if all moneys setured hereby
+ :natureti pnor to ~t3 institu!~on.
7. ii,a~ ~n the e~e~» rha+ ar sh~ beginn:nq of or at any t;me pend~~ g a~,y s~~t upon th~s Mortgage, or to fweclose it, or to reform if, or to enforce
~.cnt of any c!~:n:s F,ere~r.d-~r, se:d :t;;>RiGAC,~k shaf: app,y to the Ccu~t ha~~r.y ;u•,~u ctEo~~ :hr.reof {or the apYO~ntment of a Receiyer, fuch Co~r1 shall
~ : irh a,;t>o~~~t e r. rA;,~r of s.•;d t~ ,ycd pro: ~ t~ atS aad s~n•3~:a~, ir.c~..a acd sc:yuier tt,e ir.~ome, profits, issues and revenUe1~ }rQm whatever
, ~ derlved, ea:F ar-1 evrry oi ,v,,:c r oe:ng ._~press'y unde:stoc~. n'rcrct,r n.: •rgaqed as if spet~fitally sef fwth and deseribed in~the g~anhng and ~
rndum c auses Fer~~o`, and such Rccerver shaif F.evic eit the b~aad rr,d eFiec+~ve `.u~.;.uns and powers in anywise entrusted by a Cou~t fo a Receiver, and
n~.pcin•ment sh ~l~ be R;ade by such Covrt as a~ ed ~~~!rrd ny~ity and a rr,aner ~oi ~:.sol~te r:gh~ to wid MQRiGAGEE, ~~d without reference to the
.,~,~,cy o~ ~nadrquacy of tl:e vawr of tl;e ;,ror,erty mortgaged er t;; :i:e so.:•~~:•ty o• ~nsolvertty ot said MORiGAGOR or ihe defendants, and that suth
,rs profits, incomr, issues and rever,ues shali ~e app~~ed ~y such Rec<irer acco:u ~ g w the lien or equity of sa~d MORTGAGEE and the prattite o( suth
.,rt.
8. To d~'y, prc~~E>Ny and ~v:`fy perform, discharge, exec~~~, effect. comale~e. cv~~F:~~ with and a6~de by each and every the stipulations, agreements,
i+ ens ord c.:v~rra:~rs m s,~~ N~o e~~ssc~~ no~e and this mxtq3ye sct foc:h
4. That in :hc ev_^r r4:c ~v.r.e•sh'.p of th: mo•!3.:ged prcr..srs. e~ aiy part :~creof, Eecomes vested in a person other than the MORTGAGOR, the
. ~T„+vEF, . s „~~I .,s.,.:;;;, .,•ay, v.:~~~o.:~ ~ ~t~~e to +~~e ':.vF:~G%•v~, ci.~; ::,~h such s~ccessor or succeszor in interest with reference to this
;~ge ar 3 the u~.:~t F...r~o~ c.~,~~.,:s ,n the 5>ni.~ r•,;ur.i~r as w~th :'.~•ig;y~• ~.~?hcut in any way vitiating pr discharging the I~Aortgagori iiability here-
- or vcon ~h~ d_~t! ~~ere::; s,,,~::.:: ^:c s_ ~ of s~ e F.~e•,,:s^s h_reb; :r.~rtgagrd a~d no forbearance on the pan of the IAORiGAGEE w its suceessors
_ r:s a~~d ro «rerso~ c~ r~,e ~}o• ~.a~~,e•:t t:~e d.~S~+ h~r•,i,•. si~uned g~.en by the t10RSGAGEE or ~ts successws er ass~gns, shall operate
_ ;,rse, d.sci~arge, n-•,d:fy :'~~rge o• a~'ect tne o~~~~:ai ;~ci;.:ny of the 1LURiGAGOR he~ein, e~ther in whole or in pa~t.
10. It is sr~ec:f ;,IS~ ~g•_~ed rhat r<;ne ~e of the essence of th;s contract ar.d that ~o waiver of any ob!igation hereunder or of the obligation se-
,-.~d hareb~ s!+a:i at any ti:-:e ~herea4te~ held ro be a wdiver of the ',trms herecf or oS the instrument secured herby_
1 L In ~;;d r:^ , r~ e~c (or=: ,a n~~ ,;:Jn~:^ty t',~v+~'.e~rs o~ p: i^~ .-,al and ;ns_,.: ss reqv by the pror.}.ssory no!c sac~red hereb~/. mortgagor tovenanfs
;•ees ro ~.ay ro r,err_~~c^e v::~h ,,ac:. ~rce~F:'•; r~;~~ent an ,.~i7 <,~ia~ s_~~n _~ed by mortgagee to be eq~al to 1. 12 of the annual cost of the follow-
A--Fi!': r.~af ~;roF.,.t~ tai_s ~.•~c'. ^r ;es~~_c~::_i :y,~ sr '_.,~:Ore e1•:s'•ibcd r~-al es!atn.
3-Pr_:r > c;~ fv:_ a.:d :.ir.cisr:..., .r,sv ~s r:yi•<d to b~_ c..~r~~ ci o•• thc ~m;;~ov=me7fs srtuate on the above described premises.
C-Prc...,i,:~•s oo ,_ch =•art_..a~ n~a•a~,'v ~r,su;~rm ~z ~no•Tyar,ee sha;l frcT t.~,e to t:~ne (~Gff11 fit to carry on the loan secured hereby.
~.b•tgogeo s~~r' f~. to ~ r_ ~ c.• n c~f ;~g_r n v..~r,rq c' ti~~ o~•+t d_~e .~nd payabie here~ndar and s~ch sum shall thereupon be due and
~ o~ tnt• ci,,c~ d.••: ci 'h: , •::~f e•:d e:c~: s.:ccassive rro•'.!i: ti~..rea2t:r ~nt~t mortgagee shafl notify mo~tgagor of a change in such
~ ~r. Such su ns s~~s i be ~p{ :;ed i.y ~o.~g~y ro::a:d !I:e oayrnent of reai pre~,erty taaes, insurance pre:n.ums, and mortgage guaranty insurance
i ~•s.
~ 1~~ `.'/IT~:ESS 'l;fi~R'tLF, !i,e se,:i 1.4O~~L'~vOR i,as i~ere.,nto >e~ Fls hacd ard s<~i the day and year f'nt aforesaid.
~ Signed, ted and de'ive%e in th~ presence of:
i - ~ah
~ . ar es . arp
. ~ (Seaq
~ ----.r---- ~ ~r~~-iia~~~Ll~-- tseaq
~ -~yt=2-ltcl _
~~`c-~,t=x~_ - _ (Seaq
~ ~ ~ E OF fLORiDA~
St. I.ucie ~
~ ~~*v oF ~ .
Befo~e me personal,y ap~P~.ed Charles biarple e~
_ KaI@Il Marple- h;, wife, to me well known and known to me to be
i,dividua,s descr~bed in and who execured the foregoing insrrument, and acknowSedged before me that they executed the same for the purposes
•.:tn expressed. And the said_________.Kdr@Il D1arple
~
~ Charles D. Mar le
u~ ~ of the said p upon a separate and private
•-•~anon by me t~4~n separate ar.d aoart frem her said husband, acknow:edged to and before me that she exetuted said instrument freeJy and volun-
, a~~d w~thout a:~y cc-r~p~!tion. cG~~straint, app~ehens~e~, or fear of or 4rom her ~aid husband.
wiiNE55 my hand and offic:a{ seai ~r,:x 4th____ day of Ap=11 A. D. 19 7S
~ F!L£0 t~±~ R~tAI~~ ` , "
~
fT- l~tl: ~3~ 1~~._„L _ . ~~~C/'
pQ~zr. ?"vlTaff Notary Publi- ~rv nd ~6r the State of Fiorids at large
CLfFK. ~:-•';';t~ L~~ My Commissiorve:ptres:
~ Rerurn To- t~~{`^ar r'~:~=if!~~~~~~ Notary Pu31~c, S~~rTe of Florid~ at (orqe
~ F rst Federa{ S3.in~s b toen Assocat;on My Commission Expi:as JvI; ?2, 1977
~ or p~ l 3 i3 P!~'15 -
~ Bondad b~ Ar.i-r.can F:rc 1L Cu:uulsy C~
s' fort Pi?rce, Fi•:nJa
~ 3Q5.3g -
~ 3 ~
~ , . .
This Instrument Prepared By Gary F. Ellwood :.~~.s »r~~'`:
~ F:rst Federal Savings & Loan Associ~tion ~f' -
~ of Fort Pierce , F lor zda ~
~ U R ~jR _
Checked By ~ 600K ~ : ' ~ ' = •
Ov'~:: Q:,1_ :y;~-
. ~ j'•-• j.: _ ~
=
. - _ .~''~N~~n~i+?~.~~~`~~ , .
y , ; - - - ~
s ~ y..,_' a. ~
~ ~ _ ~ ~ . .
~ , .
aa~ :i
LL~ _