HomeMy WebLinkAbout0946 3. To place and continuoutly keep on the bui!d~ngi now o~ he~eaher s~t~e~e on sa~d laix! and on alf equip~nent and personaily coverea~ by thia mo~tg•
ege, w~?h all premiums ~hereon pa~d in full, 1+re inwiancr ~n the usuat srandard po~~cy (orm, i~ a wm approved by the MORiGAGEE, and windst~~m
ns~rance in ~he usval s~ar~derd pol.cy fwm, in a sum approved by ~he MORiGAGEE, in such company or companies ~s the MORTGAGfE m~y .
d~reu; and all ti~e and w~ndsrorm insurance poGc~es on any of ~a~d bu~ld~~~s, a~y inlereil Ihe~ti~~ o~ part ~he~eof, i~ the aggregate fum afaesaid a
in excess thereof, shall contain the ~w~~ s~ar.dord morfgagee dause w wch ofne: ctause si the Mo~tgagee may requ~rs, ma?inq tho tvss u~der sa~d poli-
c~eo, each end ev~ry, pa~able to aaid MJRTGAGEE as ~~s interesi may appear, and ea.h and every svch poGC/ shall tx promptty assyned and del~vered ~o
any held by snid MOR(GAGEE as fyrthar-secwity to said monga9e dabt, and, not less tha~ ten (10) days in adv~nce of the expiration o~ each policy, to d~-
i~.-er to said MORTGAGEE a rener+al thereof, ~ogether with a rece~pt !or Ihe p~emi~m of •uch renerival; snd the~e ~Aatl be no f~rs oi windsw~m insuranc~
p'eced on arty of seid buildings, any imere~t iherein w part thereoi, un:rss in th~ (orm and with the loss payable as aforesa~d; and Jn rhe event any tum
of money becomes payable under s~ch policy w pollcias uid MORTGAGEE shall have ~he optbn to receive and apply the isme on acco~nt of the indebted-
nes~ sec~red hereby or to permit said MORTGAGORS to receive a~d ~se if w any N~~rt thereof for o:ne~ purpesrs, ~v~tho~t ~h:rri» ,vaiv~ ~g o+ ~mpair-
~~g any eqv~fy, ~ien w right under ar by virtue of thit mor!gage; and in tK~ event se~d MORTGAGORS shall (or any reason fail to keep the said premises so
~nsu~cd, or fail lp drliver piomptiy any of said poiiaes of insurance ta said MOR1GAGtE, ot fail promptlr to pay fully any premwm Iherelw or in a~y t" ,
retFrct iail to perform, d:scharge, eaecute, eifect, comptetr, coTply wirh a~d abide by this covenan~, w any part hereof, said MORTGAGiE may place and
n.+; for such insurance or any part the;reof w~~heut waiving or afiecting any optior., Gen, equ~ty, o~ rigM under or by virtus of th;s Mo~tqege, ~nd -the
~,~i amount of each and eve.y suth paymrnt fhal~ be immed~ately d~e and paya6te and.shal~ bear interest from the date Ihercof until p~id a? the rate ol
e per tentum pe~ ar.nvm and ~ogeit~zr wrth su:h inte•est shalf : e setu~ed by the l:t~ of this mortgage.
1. To permit, commit or sut(er no waste, in,pairment w deseriorat~on oi said property or any part thereof.
5. To pay all and singulsr the costs, charges and expenses, inc{ud~ng a~easanable attorney i fee and costs o( ebst~acts of title, incvrre~ or peid at
tl~r.e by sa~d MGRIGAG.f, because w in ~he event of the fa:fure on Ihe part of ~he said MORTGAGOR to duly, promptly and ~u~ly perfo~m, discharge.
~.ccute, effect, comptete, canply w~th and ab:de by each and every the s~iputat~ons, agreements, conditions, ar,d covenants of said promissory note a~id thi~
„rgage any or e~~her, and sa:d cosrs, charges and expenses, each and every, shall be immediatety due and payable; whe~her q nof there 6e notice do-
%,3nd, attempt to to!!ed or sui? pend~ng; and ti~e full amount of each and eyery such payment shall bea~ intertat lrom the date Ihe~eof until paid at ihe
nine prr crntum p~r ann;.rn; and ai: s~:d c~ats, cha~ges and rxpa„s~s ~ncwrrd or paid, together w~Ih such imerest, ahall ba secured by the lien of thi~
n,ortg~ge.
6. That (a) in the evenf of any breach oi this Mo~tgage or defau't on the part of the MORTGAGOR, o~ (b) in 1he eveM eny of sa:d sums of money '
he.e~n referred to be not prorr~ptly and futly paid within th::ty (30) days ~ext a+rer the same severaily become due and payabte, without demand o? notice,
c r;c) in the evene each artd every the stipu~ations, agreements, conditions and covenants of sa;d promissory note and ih~s mortgage any or either are not
promptly and fully pe~f~:med, d.s;ha~g~d, ~zecu!ed, effected, to~np!etrd, cornp~~et1 vnth and ab~ded Sy, then in e~ther or any such evenl the sa~d a¢
_~-;are sum ment~oned ~n sa~d pronussory note then remaining ur.pa~d, wi~h interest acuued, and ali moneys secured hereby, shalt betome due and pay-
e torthwith, or rhereafter, a1 the opt~on cf sd~d MORiGAGEE, as lulty ar~ comp:ereiy as if all of the said sums of money were onginally st;pulated
h.., pa:d on such dcy, an~thing in sa.~i pro~nlssory note or in this :~!ortgaya to ~he conrrary no:withstand~ng; and thereupon or thereafter at the opt~on of
.•:i :!ORTGAGEE, w~thout not~ce or demand, su~t at law or in eq~ity, th•~~e(~~re or thereafter begun, may be prosecuted as if all moneys secured hereby
-J matvred pnor to its insh:ut~on.
7. That in ~he event that at the ar~inn~ng of or at any time pendi~g any su~t upm this Mwtgage, w to fweclose it, or lo refwm it, or fo enfo~te
,.~~ent of any ciaims hereunder, said PlOR7GAv2E sha4 appiy to the Ccun having ~urisd~ction thereof fw the appointment of a Receiver, such Court shall
_ ,.:rh appoint a receiver of sa~d rr-ortgag>d propert~ ai! and s+r.gular, incluJ ng a:! a~d singWar ti:e irtcome, prolits, issues and revenues from whatever
denved. each ar,d every of which, beir,g expressly urderstood, is here;~y ennrtgagcd aS if SpeC~fically Se1 fWth and ~ft?ibed in the granting and
i,~ ~;i~m dauses hercof, and such Receiver shoi: have all the broad and efiec!rve fv~~c~.ons and powers in anywase emrusted by a Court fo a Receiver, and
3: pointment shaU +x ~nade by such Covrt as an admitted equity and a matier of a.~,sulvte rigF.t to said MORiGAGEE, and wit!~cut ~elerence to the
,cy ar ir,adequacy of the va:ue oi th~ proper~y mortgaged or to ~he so!vanc~ er ~nso~vency oi said MORiGAGOR w 1he defe~dants, and thal such
•s proii~s, intome, issues and revenues sha!1 be appiied by such Receiver.ar.uid:ng to the 7ien ot equity oi said MORiGAGEE and the practite of such f
_~~rt. ~
To d~ly, Fromptly and fu:fy ~rfom;, discF~a.ge, executP, effed, coT.p+ete, co:~~ply w~th and abide by each and every the stipulatians, agreements, '
i.tiens and ceverants m sa~d promi;sory note and th:s mortgage srt fo~th. ~
9. That m~he eve~t ehe ownera~:r of the mo: tgaged prem~ses, or any part tnereof, becomes vested in a person other than the MORTGAGOR, the
:'~T :AGEE, irs sv~cessors end as~~?ns, ay, wr.hout not~ce to the MORiGs+OR, deal •a;iih svch successw or successo( in interest wdh reference to this
'goye and the deut hero_by secwzd in tioe same ~nanner as w:!h fAortgagor wrthovt in any way vitiating or dis[harging Ihe /Jbrtgagors' liabilify here- •
er ~~on the d:bt hereb~ sec~~red ko sa:~ of tF:e Fren:~s~~s hcreby mc~tgaged and no forbearan~e on the part of the MORIGAGEE or its successors
s, ~ns and r,o e~tens~on of the !ime f,r the F,~yn•e-nt oi t~~e d~='vr hrrPby secured given by the MORTGAGEE or its successors or assigns, snalt opetate
_ _~;yse, d~scharoe, modii~ change or affect the ongma+ I:ei~J:~y o4 the MORiGAGOR herein, either in whole or in part.
10. It is spcc:Fi,al!y agr~~ed thaf h~r~e ~s of tf,e essence of this contract and that no waiv¢r of any obtigatio~ hereunder or of ihe obligation se-
-:•rd ha~eby shai~ at any time thereafter be held to be a waiver of the !erms hereoi or of the instrument secured herby.
1 I. !n ado~'~o~ 'o the Foregu rnonrii y~~a~c;~~;s ef p;-: ;r ~;a' a~~d i~ r:•r,•st requ~red by ihe p~om;ssory no~e secured hereby, mortgagor covenants
~;r^es ro pay to mortgrgee w~rh e;ch ,n~n+h:v p~,Y.~~eni an adc:.~:o:~a; sv:n r_. ~:ared b/ mortgagee to be equal to 1,`12 of the annual cost of ihe follow-
A-At~ rea~ property tax:s !e•n_d or azsessed 3yii•~st th~ ehove desc~ibed i.at este~e.
E---Pn_ r~;,~,s on fire a~.d w~r,dsto~~n ,rs~r.~c, as ne-c~n r,~q~,.•ed +o be ca~r:~~d or the ~mproveme~ts situate on the above described premises.
C--Pre~r~,~„s on such mort3~ge guarar,!y i~su•arce as mo-tyagee shail frc~r t~me ro t~me deem fit to wrry on the loan secured hereby.
Mortg;gre s~+;!~ °ro~n r;:~:e to e~•~~c ~tOt~ff ~nCrt~a3or fn V~ritlcg of the a~-.o.,~t due end payable hereunder and such sum shall thereupon be due and
•~re on thc due da+~ o~ tre ne.t •.~o~!n:,r p:~yr~,ent and each suco~ss~ve mo•~th thereaher urtil mortgagee shall notify mortgagor of a change in such
,nf. Such svms c!,a!I .'~.e appiied Ly m.~rrgay-~e tov.ard rhe paymenf of real property taxes, insurance prem:ums, a~ed mo~tgage guaranty insurance
~ms. .
i IN V~lTNESS WHEREOF, the said N,ORTGAGOR has hereu~to set his hand and seai the day and year first afwesaid.
~ S~gned, Seal ar. deliver ~ the presence of: / lU'/y~~~'
Kv
;
~ ' Kenneth R. Bour ssa
~ i l~ ~ ~ ~ d~~n
~ _ _ Diana L. Bourassa ,~ap
~ -
~
E "-.~"E OF fLORIDA ~
' St . Lucie
; :'~TY OF - ~
{ Before me personaify appeared ~~I1g~..t1 _R . Bourassa a~
~ _ aldfla L, f3ourassa his wife, fo me well known and known to me to be
P _~,,d+vidua{s described in and who executed the foregoing instrument, and acknow~edged before me that they ezetuted the same for tFx purposes
x ~e:n expressed. And the said Diana BOUI355d
~ of the said ~nr1 t~1 R_~ BOl3ra55d
~ ~ -g--- - upon s sepante and private
•-^at~an by rne taken separate and apart from her said husband, acknoxledged to and before me that she executed said instrument freely and volun-
q ~ and w:thout any compulsion, cor.straint, ap ens~ n, or fear of or fram her said husband.
r 'N{TNESS my hand and offic~al sea! fh;s___~__~ day of A D. 19~_
. •
i
t
~ - Nota.y Public in and fw the e of Fb a at Large Y
~ My Commission expiros: ~
a Retum To~ ~
' ~~st Federal Savings L loan Associ~t;on •
~ Of Fort P~erce. ` f
~ Fort P~crce. Florida ' t
F LED ANC~ f~ECoR4E0 .
~ WCIE COl;N7Y FL~• ~ ,
a RGGi~'OITRAS 1,~ ~l.,
~ ax ~UIT~COURt ~ . :.r, ;
f, CLE~ rP~~?£D • r.
This Instrument Prepared ByJohn l~. CAllins AF~~P~'y' ''~:•`•i;„•'~ • ._:-~i
~ First Federal Savings & Loan Association u t ~ c~.
~ of Fort Pierce ~ F lor i da ~a ~i ~ S? ~ ' ' ~
~ Checked By ~ ',j `~r ~
~ 3fl5S30 = ~ ~ ~
~ BaoK 238 PACE 945 ~ ~ ~ ~
~ ''t'~~-~" '
~ ~
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