HomeMy WebLinkAbout0950 9. To place and contin~o~sly keep on ~he b~~:d~~.gs now or he~eafter sit~ats on sa~d land and on a~~ cquipment and penonaHy cove~ed by thii mort~
ege, wi~h all p~emiums the~con pa~d in iull, fire insu~j~ce in Ihe ~s~al standard po!~ry (orm, in ~ sum apwoved by Ihe MORiGAGEE, and wiiulstorm
~nsuranct io the ui~al sranderd pof~cy form, in a wm approved by the MORTGAGEE, in ~uch tompany or companles as the MORTGAGEE may
dved; ar+d all firs and w~ndsturm insu:ance pohcies on any of se~d buud,~gs, any imerea~ ~herem or parl thereof, in the aggregaie sum •loresaid o~
in excest ~hereol, s?:ali contain ~he ufual s:andard mo~rgagee dause or suth o~fxr c~~use as the Alorlgagee may requ~r~, maklnq the los~ unJer sa~d po~i-
c~es, each and eve~y, payab!e to sa~d MJRTGAGEE as ~ts inttrest may appear, and each and every such po!:cy shail be promptty us g~:ed and delivered ro
any held by seid 1~tORTGAGEE as lurthar security to said mortgage de41, and, nm ie~s than ten (10) days in advance of the expireiior. of each poGcy, to da
Gvrr to said MORTGAGEE a renewal thereof, toge~hrr with a rece~pt lot Ihe pre~nium of such renewal; and there shatl be ~o f~re o~ winds~o+m insurante
pleced on sny o1 said buildings, any intereat there~n a pa~t thereoF, ur.fess in thr ionn end w~ih the ioss payabte as afor~ssid; and ln the e~ent any sum
of money become~ payabte unde~ such policy a potlcias ia~d MORTGAGEE ahall have ihe opt~on to receive end apply the same o~ eccouM of the indrbted-
ness secured hereby w eo perinii sa~d 1.10RTGAGORS to receive and use i~ a any p.,~t rr~•_reof ior o:i,rr p~~F-cses, v..~hou~ ih:reu~ war.~>> u~rop~ir- 1
~ng any equity, lien .x right under or by virtue of ~his mo~'gage; and in the ever,t sa:d 1NORi(iAGORS sha!1 fo? any reason fail to keep thc sa;d p~emisas so -
;nwred, or fail lo de!iver prompNy any of s~~d pohc~es of insu+ance to sa~d 1.50RiGAGEE, or fail promptly to pay fully any premium therefor or in any ,
reipect fai! to per(orm, d~scharge, execut~, eftect, comp:etc, comp:y wirh and ab;de by this cove~ant, or eny parl hereoi, said MGRTvAGEE may puce a~~d •
p~y (or such insurance or any part thereof w~~hou1 .n•aivin3 or affeding any cp<io~, lien, equ~r~, or r~gM under or by virtue of this Mo~!gage, and the
fu~I amour.t of each and every svch Faymem shel: be ~m~ned~atety doe and payable and shal! bear iroertst irom the date thereof until paid at the rete of
per ce~wm per ann~m arid tn~ethe• .rifh x:ch inte.~-ss shali he scwred by the i:en of th~s mortgage.
1. To ~ennit, tom:mf w suffer no waste, impainnent or dcte~iuration of said ~rcperty or any part theteof.
S, To pay afl and singulsr the cos~s, ci~arges and expn~se~, includtng a resso~aole alromey's fee and costs of abstrads of title, incvrred or paid at
a~y time hy sa~d ti10RTGAG:E, betause or in thc event of tha fa;lure on Il~c parr oi the sa~~ MORTGAGOR to du~y, promptiy and fully pe~+orm, dncharge,
>x~cute, eflecr, complete, co+nply wrth and ab:dr by esch and every ihe st~putat:cns, agreements, conditions, and tove~~ants of seld p~omissory note and this
i:orrgage any or eirher, and sa:d costs, tha~ges and -:xpenses, each and every, ahall br immediately due and payab:e; whether o? not there be no~ice d~
::,~nd, atiemp~ to co7lect or suit pend~ng; and the tull amount of each and every such payn~m shail bea. in~erest from Ihe datQ thereof until p~id at the
r•~, o; nine pe: centum pe~ an~~u n; and-oi+ saio cusrs, u~ar~es and cx,;er.sei dnc~~n-d or paid, ~ogether wah such interest, shall be setured by the lien oi thif
m~rTgage.
6. That (a1 in tfie event of any brrach o( !his Morrgage or default on th.. part ef the Y10RiGAGOR, or (b) in the event any of aaid sums of money
`.~rein refer~ed ro k:e not pron~pfty and fufly pa~d with:n ~h.rty (3D1 days next a+rc-r ~he same sereratty Cecome due and payable, without demand or notice,
;c) in ihr evcnr each and.eve~y tnr st~pviat~cns, ag~eemenrs, co~~d~t~o~s and covenanrs of sa.d p.om~saory note and th~a mortgage any w either are not
!~:y, promptly anJ fu!ly perforn.ed, d scharg•~d, e~<:~.ted, e+f~~cted, ca :_>:etrd, co•+~pi.•,d v.~th and aL•ded 5y, then in e~ther w any such eveN the said ag
,_~are s~m ment~oned in seid rro~nissory note t~~en re::~autiny unpo~d, with ~nrere>t ~cc:~ed, and o:l moncys secured hereby, sha?1 become due and pay-
a:: forthwith, or tnereatrer, at ~he oF•;c~ e~ s.~.d ,~tGRTGAGEE, as :o~ry and co~n,,'et.~!y as if a11 of the said sums of money were originally stiputated
~ t>= pa.d on wcf+ dzy. anith~ng ,n s.~ ci prc ~~~ss~ry ~note or fn rhi; A!ortgaye tc the co•~~:ar~ not.vrthsfand~ng; and there~pon a theceafter a~ ~he optioa of
MqRTGAGEf, v.~~ncut nonca c• de~r.a~~d, su~r at I,,w or in eqv~fy, therrforc or tt~c:~•oire~ beg~~n, may Ge prosecuted as if all money secured he~eby
~ d rnatured pr,or ~c :ts mstifut~~n.
7. Tha~ ~n the event rhaf at tt~e beq~nn:ng oi or at any time pend!rg ony s_~~t u.;un ti~~s 11ic:tgage, or to foreclose it, or to reform it, or to enforce
. ent of any c~.•ns herevnder, s.,+d :.OkT`v~.Gi~ sna;: ;pply to the Co~rt hav~ y;., ~sd:ct:on thc•~eot for Ihe ap~ZOiNmeM of a 2eceiver, s~ch Court shail
,.irn ~F•;_~nt a~.:~•i:er e! s..~d rr._.•;;ayed F„op-rty ail a~ti s~r:yv'ar, ~ c.~dnr; ar.c. s:~lgul~ tt:e iccon,e. ~r6hts, issues arx! ~evenues irom whatever
._•ce d:::n•t•d, c~:cn ~a,:d every of w'r .tr,, br~:~g -rpr~ ss'ry undc~stcod..~s I c ec,y n err.7.,g_•d as ~i apec~f~ca;ly set forth and desuibed in the grenti~g and
i~~ ,•~.d„m ca~ses f,er~of, ard s~•ch Rc~e~~e. sF:ali ha+r a1! the broad and rii~-.c~.Je i_: e.-s 3nd powCrs in anyw~se entrusted by s Guwt to a Receiver, and
a;;p;in;ment sh.,ft b~ made i~y svth Gc~r, as an ad:~utted cG~~~~/ and a ~~a!~cr oi a:,so'.~te r:ght to sa:d MORTGRGEE, and without referente to the
~,::~.y cr ir.a;3equaty of ihe va.ue c>i rne prcperty moN_yagrd or to ~he so:~~~~•,~~ .c:ui.•.rcy of said A40RiGAGOR or the defendaMi, and that suth ?
s prolrts, in:eme, issues snd rever.ues shaif be apai~ed by such kecelver ac.urii,•:g ~o the lien or equit f ~f said MORiGAGEE and the practite of such
_ : t.
8. To du'y, p•c~„i,t:y a•,d (ul!y ~e.fom~, dis,harge, execure, e±fev, co~p;ete, car.~iy w+~h and abide by each and every the sti~ulations, agreemants,
ir:.,ns and c.~:•~:~a:ns s..:d prom.usor~ ncte a:id th;s m~rtyage srt fo~th,
9. T1at m rh~ r.-~~t t~:e c..~e~s^~~ o~ ihc r.,ortp3ged pten:~s~i. Or a~y part tnereef, hecomes vested in a penon other tha~ the MORTGAGOR, the
. ~TGAGE:. ~ts s..;c s;.,•i :•.d ~s<:.v:s, n,a~, w:•n•,,;~ nor:ce to thr. +:SO?TG~OR, deal wiih s.,ch successo~ or successor in interes~ w+~h reference to this
~ycge a~d tca !._r,,;~~ s:r_~~~d ~r the s~r.~e :~a~~nar as v::eh N.~.eyayo. w~thcut in any way vitiating or d~scharging the Mortgagors' liabi2ity here-
• o* uF~:,n th~ d_.br h_~ci,~ s:o~~•.:: c i± ~ o! e E.rr~+:~s's h;~eby mort_y~ged ar.d no ior6earance on the part of the IdORIGAGEE or its successers
; gns and no ex>ens~o~ cf ~he r. ~ e^t oi ri~_- .ieb~ F•.,•~E; f secured given by tne MORiGAGEE or its successora or ass:gns, a~~all operote
- _'ease, d.scharge, ~~ed~fy ch.r.3e cr „~iec~ t!:e~o y,,, i~a:n: ~y ~i e h1GRTGAGt7R here~n, eithtr in vrhole or in part.
iC~. It ;s spcc E~c_ .y ag~eed T~.a+ ~~,ne ;s of !!.e es>ence of fl ~s contr.,cr and that no waiver of any obl~gat~on hereunder or of the obligation sr
_~ed hereby shaii at any 7:-e t;~crrai:rr 6e he'td to b~ a we :~~r oi the ter.r~s f~ereof or of She i~~strument sec~red herby.
l i. In eri;i r..:-, ro e ior••,:c .,n ..on~i, .~rs o! ~;,.i a::d ~~.!_.r.,s! •,q~~red Ly the prori:szory ro~e secured hereby, mo:tgagor eovenants
:~~ees to pey r~ v-~or+a ;~=r v.~rh raci: ~ y;,a, e.~t ~ e: i• one' _ ~s ,r,rd by mo•tgagre to be eqva~ to 1 12 0( the annuat cost of ihe follow-
A-All r~at Ex.~~criy rar.~~z ien~d or asses:eu ig~~ .st the at:o.e deso 'ord real es~a•e.
5- Pr_~: .,~rs cn ',re end Jn: Ji'~'Ri :~15L•: "(d ~s i:~r~;r, r.~ ~„red ro b~ car:~cd cn the ~mprovarne~ts situate on the aFiove d_suibed premises.
C-Pre~.~~,,•~s er :.•ch - crt_;-r;e q...+•a~.*; irsvr~- a= :,s mo~!gar,•_e ch3~l trc~r !~re to,t~me deem fit to earry on the loan secured hereby.
~ Alortga~ee s~+a f~cm ;+n~e !o t, c~~c~:~y n,crt.;.,gor ~n H.r~ting cf the ~r o::~t dua ar.d peyable hereunder and suth sum shai! thcreupon be due and
F e on the d~e daTa of th= ~~c.f , cnrn i pa7 ren; and erch svccessi.e +ro~~rh tFereat!~r ~r:tii mcrtga~ee shall notify mortgagor oF a ehange in such
i ,ns. Svch su~ns sFa:t be apF~:~rcf ~~y ~~ro+!y>g-•e to:.a-d the F;ayrr~enT o4 rea! prope~ry taxes, insurance prem;ums, and mortgage guaranty insurar.ce
~ ,~,s.
E ;N Y~ITNE~S :'~NE~~OF. r~ c sa~d PI•JRi'vi+GJR has nereu~to ser h~s hanJ end s•~ai tne day and year first afwesaid.
i Signed, Sealed and de:iver~d in the presence of: ~~COA~Ep /
~ ~ ~ - - fT~~UCiE C'JUKtY Fl~?- ' SU @ _ • _ _ ~Seal)
~ ~ - S ~ ROGz^ FU~TRAS RT - Sea1) ;
~ ~,tf ~ K t:., r c~t COU ,
- _ pF f np~ ~t. , ~ _'J ' (Seal) i
~ - ~ ~ ~ 57 ~u t'f ~ ~ l5eal} ~
OF FLORiDA
, At ~ ~ ~ ' 305532
r_:*•~ oF St_ Lucie- ~
Bef~re me perso~aliy appeared LlOyd Sutterfield and
___~ar~Za_ !`,__~Utt@IflelCj his wife, to me well known and known to me to be
;~divid~a!s d~scriced in and who executed the foregoing instrument, and acknow:edged before me ihat they executed the s3rtie for the purposes
.~~:n expressed. And the said_ ga Z~ Za . Sutterf ield
~ r,,.,,, '
r. =e of the said _ _ ~4~Ca _y. ~u_tterfield _ „poo;a ~epratbt~2,sd! private
-~:'nat:on hy me taken sepe~ate and apart from her seid husband, atknowledged to and before me t6af she exetutod 'nstqut~t~t keelyc~pncl volun-
~ i and ~.v~thovt any CJ'naV~ii0~1, CO~~S~f6~rt1, apprehe~s.on, or fear of or irom her said husband. • ' C" ~'s
~ 1'/ITN[55 my hand and otfiual se~l th~s_ 7th-_--_-- day of Apr•l r''~ •.y°~~19 75
4 't' ~t
~
_ , . .
ry u lit ~ nnd icr"t~'~ ~ ~I~: ~
mission expires: ~ : - i
Retum To: ~.i
~ -st Federal $a.:r~s b ~oan Associas,on " _ , t~`~j ' ~
~ Of ~ort F _.c... - . , Pi`~-'~ . S:nt•, of Floriaa `o+~~7Y~q.
Fort P~cice. F:. da s<-n Ez_~'r~, 1ur. 27, 1975~ ~
~ t-~ _ ~ ~ . . c_... 8 ~...v:.i:~ Co. .
r~
~ ~ral Aoberts, Jr.
~ This Instrument Prepared By J.
~ First Federal Savings & Loan Association
~ of Fort Pierce~ j•'Zo2'1.da
~ Checked By B~-~ BOOK~~8 PACE t749
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