HomeMy WebLinkAbout1036 J. To place and co~linupufly keep on the bui:d~~ gs r.ow o~ hereafie~ situata on sa~d ~and and on all equipmen? and pen.nally corered by ~hi~ mortg-
~ge, w;fh ali premiums thrreon pa~d ~n full, f~re insw~nce :n me usual s~o~:dord po:~cy form, in a sum approved by the A10R~GAGEE, and wind~to~m •
~nsurance in Ihe us~al s~andad pol~cy form, in a:um appcovad by the A~ORTGAGEE, in such company or compsnies as the h10RTGAGEE may
dnecr; and •I) lire and winJstorm insuiance pol~c~~•a on any of sa~d bviid~n~i, any ~nterest therein or part thereof, in the egg~egate ium aforesaid or
in exces~ the.eof, shali ;emain the usual 3laodard mortgagaa clause o~ s~ch other dause as tha J4lw~gagse may reqvue, making ~he Icss under ~a~d poli-
c~ee, each and eve~y, paY~b'e to said MORTvAGEE as .!s ~rt~rcat may appea~, a~d e~ch and e~ery such po::ty if~al! be promptiy ass q~wd a~~d de~ivered ~o ' ~
a~y held by sa~d MORIGAGEE as furthar secu+ity to sa~d rc.ongage d~b~, and, not ieu than ten (l0) days in ad+ance af the expnation of each po6cy, to do-
Iwer Io ~a~d !~10Ri ;AGEE a renewel rhereof, together with a rece~pt for the premium of such re~ewal; and there shali be no fire or win3s~orm insurance
placed on any of said buildings, any intcrest'therein or par~ thrreoF, un:rss in ihr f~nn and ,ryi~h the ioss payable as afore:aid; and in the e~ent any sum
of rtwney becomes payable under wch po~icy or pol~cirs said MQR7GRGEE shall have the opt~on to receive en~ apply Ihe same Qn accouM of ~he indebted- ~R,
nrss sec~red hereby Or to permit said MORTGAGOR$ to rrceive a~d uie it or any ~~art th•_:eei fur o:nrr s.urtosrs, w~~h.ut th~r.u; w.:i.i:i~ or unpair-
ing any equ~ty, lien w right under or by virtue ot this mcrtgaye; and in Ihe event sa:d MORTGAGORS thall (or any reason fail to keep 1he sa:d premises so ~ y` i
f
~nsvrrd, or fail tu deGvcr p~wnptly any of sa~d po~~<:~.s o( insurance to satd MORIGAGEE, o+ fa~l promptly to pay fulty any premi~m therelor or in any '
rrspect fait to pe~form, d~sch+rge, execuir: efFe:t, canp;e+o, cen,p~y wi~h and ab:de hy rh;s cove~ant, or any pa~t hrreof, sald MGRiGAGEE may pface and
p.iy fw s~th insurence or any part ther~~of vi,~thout waiving or affectin9 any o;,+~on, lien, eyu~ty, o~ rigM under or by virtue of this Moi~gage, and tht
t~~!I amount of each and e~e+y such pay~nent shali be im:ecdi~tely d~e and Fvyable ond shoH ~aar interes~ from tha Jcta the~eof umil paid at the rate o1
per cenrum per annu:n w~cl lo,~~;f r~ wrth s~~ci+ inte~rst sh.ir. sc~.~~ed by thh Gen o~ thii mortgage.
d. To per;nit, cemmit or su(ier no waste, impair~:~ent or deter~oration of aaid propcrty ot any part ihereof,
5. To pay all a~d sing~~lar the costt, charges and erpenses, inciud~ng a reesenable atro:ney's fee ar.d costs of abstrads of title, incu~red or paid at
•~~v fime by aa~d MOR~vAGEE, because or ~n ihe evznt of *he 1a:iure on the pan oi ~tre said MORTGAGOR to du!y, prwnptly and fuliy pe~iorm, d~achargt.
~x•~cvte, eifect, cemp:ete, co:nply wdh and ab.da by each and every the stipu!as_ons, agre~meMS, cond~iions, and covenants of sa~d promiisory note and this
orrgage any or either, and sa:d cosrs, charges and expenses, each and every, sha~l be ~R~~~~ed~ately d~e and payable; whether a not there ba not~ce do-
~na~~d, anemp~ to co:tect or svit pend~ng; and the 'tuil artw~nt of each and every svch paymem shali bear inrercst from the date therrof untii paid al the
o~ nine per cent~m ~:ar anT:+i: ond said ccits. ~:~a•ges a~id ~a;n~~ses iix~:red or po~d, togrther w~th such ~nterest, shall be secured by the lien o1 thit
mo~igage.
6. That (a) in the even+ of a~y b~eath of tnis Mortgage or de`aulf on tiw part of the MORTGAGOR, or ;b) in the event any o( sa:d sums of money
here~n referred to be nol ptomptly dnd fully pj~d .ti~rhin th.rty {3~I days ~~xf atn~. ~he same severa"ty becomr d~e and payable, without demand or notice,
c. ,c1 in ihe event each and every ~he st~p~.ations, agreemer,ts, tend,'io.,s and c~.~enaras o! sa.d promissory note and th~s mortgage any or e~tAer are no1
1~.~:v, prOmHtly and i~l;y ,~erionned, dscha-ycd exe:~2~d, ef+~c}ed, co~n~.leted, canr~~ed w~~h and ab~ded Sy, ~hen in either or any such e.ent the said ag
,•;ate wm rt;ent~onecl in sa~d prom~sser; nere f?~en ren,aining u:~pa~d, .vith invrr~,f ,,,c~~ed, a~~d a~i moneys secured hereby, shall become dve and pay-
lorthw~th, o+ thereaftcr, at the op•~on of s:,:d '.tO~iG:+GiE, as f~~iy s::d co~np;etr!y as if a~l of the said sums oi money were o~ig~naily stipulated
t:e p.~~d on such d~7, ar.~thing ir. s:i.d pro-~.:sscry ncte or in tn~s h~r.rgage tu tF:e co~~~rary notxithstanding; and thereupon or lhereaite? at the ovtion of
•.tORIGAGEE, w~tho~t rwnce e• den.arci, swt e~ ~ow er in eq~ny, ih~~~~?u~e or tt:ereai~er kegvn,-~nray be prosecuted as if all mo~eys secured hereby
~ d~rarured pncr to as insritct~on. -
7. That in the event that at th> beyirtning or at ary fi:ne pending any w: upon this Mortgage, or to foreclose it, or to reform it, or to eniorce
~ e~r uf a~y c:3:ms here~•eti•~r, s,id .~50RTGi+v~c s~~a'! .-pF!y to t~e Ce~rr t~a.:~ g;c~~sd:cfion thereof for ~he appo~ntment of a Recerver, such Court shall
~ ,.i!n a,;pc•;nt a r,;e~.er of sa~d n,o-tya~ed prop~-rty ail a:~d in~;:ia~, l~:c:,,d ~~y a~d s~nqular tf:e income, prol~ts, issues aed revenues from whatever
• c~•riv~d, •_o_n ar.d every ct wl•ch, ~r t:.~~„g express,y ~nur:sioeJ, is he:~>L: o~~g.;ard as if spec~fieally set forth and deKribed in ihe grantinq a~d
• ~-,dum <:aoses hereof, ar~d wch Rcc~i~er sha:i have af; the broad and rrirc'::e cr ons and ~o.vers in anywise enlrusted by a Court to a Receiver, and
. ~p:poir,tme~~t sh31i be ~nad~ by such Court as ar. ad,•~itted eq~ity and a R~a!t~~. c! ~!;sdi~te rlght to Said MORiGAGEE, and witheul referen<e to the ~
;.~_.y cr inadcy~ac~ ef t~e .a'~e v( thc p~epcrly mortg~ged or to tF~e sa ve~ity or ~:.;o:vency ol said /~M1ORiGAGOR o~ ihe defendants, and that such
s. prol~~s, uzcome, issues and :eve^ues shail t:e appued cy sucn Rece~vcr xcord:r•g ~o the Gen ~r equity ol said MORTGAGEE and the practice of such
_:t.
8. ie d~'y. From;,tiy and f„I;y pe.form, d~stnarqe, exac~t?, efSect, comp!ett, cemply w~th and a6ide by each and every the stipuiations, agreements,
:r.:ons and cevc•r;an!e ~n ss~d promissory no!e a~~d i!i's :nurtg3ge sc-1 torth.
9. T6at ~n the r~^^t rh~ ov,r;Ers!~~,: of the mc•~y.,ged ,~~e~~~ses, o: any part thertof, becomes vested in a per»n other than the MORTGAGOR, the
. :AGE_, i+s wcc.-ssors as:.3ns ~:,.,y, wtihc.,+ nct:c~ ;o r~•~ :~',ORTGAOR. Jea: w~ti, wch successor or successw in interes~ wnh relerence to ihis
+.~age ard t~, d.i;t F:_;.•r,~ .:~._~~ec+ the s_~^c ~.:a~,nrr as w~~h ~.t~r,gayor •,n:thoUt ~n any way vitiating or d~scharging the Mortgagors' liability hert
• o: u..on :h~ d_::~ s~::~rd ~:G 53..• Of t~:~~ F.r~ ~ ~~es her~•by <<,~nyaged a`d no forbearance on ~he part oi the MORTGAGEE or its s~ccessors
s gns ar:d n~, s,or c+he •~:r:, !.,r rhe F.sy., <•~.r ut fhe r:chr hrr-:by secured glven by ihe h10RTGAGEE or !ts wccesaors or ass=gns, a~~all operate ~
c~se, d scha~ye, •rr.co.iy ..~~.~e or ~itect tn~ o~,g~n:;' tia'v :rty oi ~he ~l,ORIGAGOR herein, eilher in whole or in part_
~
l~. it is spec f~c,,;y :=a~eed rt:~r ~~,,,e ~s of tt:~ rsse~:,e c' i1 ~s contrac: and that no waiver of any obligat:on hercunder or of the obligation se- ,
~ d hareby sfial: a~ ~n~ t~r:e tn~~re~if~: v~ hc!d to ~ae a wa~r_r of the •erms t~ereoF or of tt~e instr~mem sec~red herby.
:1 In ~;:i .'or~:gc •,.7 ~nr~.'.; .;,;;-.:nfs o' r,~, ~ ~rd I.•;..cst requ~.ed by the prom'ssory no!F secured hereby, mortga3or eovenants
s,•ees to ,,ai ~•.c-~~._-.• :.~~h eac~ , i , d~iv~,n~.i. s..••, ,.a+cd by moriyager to be equal ro 1;'l2 oi t:ie annual cost of the fo~low-
A-~A•1 rc.a: ,;~;••.ty t.,,_•s ~t.._,. oc5:'Si:•J ~~?5' ii'.C ul:.:`:_° d~::_ ~_.~.d ~.~3{ es!nie-
b-~~_:~,,,- cn E.~_~ rr.r.dsta :e: ~nsvr~; ce i,~--e~n r.q,,:red !e o~ car<ied en the ir.~provemeots s~tuate on the above described premises.
C- Prc.* ~ s co .:;h ~.~~+g.ge ~u= ,.;:r~ ~;...,+.,~c ,-s n~;;rr.;~q.~e sh~ii t~.,~ to sf~ne deem fit to carry on the loan secured hereby.
;1o~tg,~ee r~, r~ 'e r. ~~or~~, n,e~~~,~.r :n v,~~r.ny o+ t~e • u.: d,e and payob!e hereundar and such s~m shall thereupon be due and
I . ur ?n~• d,:r c.~•e o: rhe ,..,¦r ~ payn,e~~t <~rd e.ev: ;.co_~s~va ~r:o•:rh v:.r•eafTer vctii mortoa3ee shall notify mortyagcr of a ehange in sueh
,nr. S~ch z.~~~s <_t ~~i 't~o apE.~iecS i:y rno~~3a~ •r io:~.., d*he :,a~rre^t of r~•a! preperty taxes, insurante prem:ums, and morigage guaraniy insurence
~ ,ms.
! ::IT^:E~S ..t;ER:G'F, x~ sa~d l:,~F;TG~.G~~R haz h•_re~~~to se• his han;! a,~d sc.l the day and year first aforesaid.
~ Si ed, Sea~ed a~.d de4ivered in ?he presence o ~ , .
` ~Se q
P
6 Q
~ - - - - 'I~ - al)
~ _ _ ~ - - Seaq
~
~ OF FIOkIDA ~
St . Luc ie
~'iTY OP ~
Before me ~~so~~d~;~, appeared HaIO1Cj F. Zimmerman and Frances Mae ?_immerman, his wife ,,,d
~ Larr L. ?immerman and Carol Zimmerm,~n
~ - s - - his wife, to me well known and known to me to be
!^div;dua:s descrii;ed in and v.ho executed the forego~ng instrument, and acknowtedgeJ before me that they executed the same for the pvrposes
~ •~e:n expressed. And the szid.____ Fra3ilC@S Mae Zimmern~n and Carol Zimmerman
~,.~~j.~lnf he sa~d _~:{ar01~_ F. 7_immerman and Lar~ ~ Zimmerman upon a separate and private
nancn by me taker, seoar,te and aoart frorr~f~~ytsa~d h~sbandf ack~owtedged to and before me 1hat~hc~Fexec~ted said instrumeM freely and volun-
~ ; and w~thout any com;,uls~or, CO'~S'rd~nt, appreheQnsto~ or fear of or fromThedsaid husband.s .
;,f Y~iT;~ESS my hand and off~c~al seal th:s ._--_7.-~____-_ day of_.__ APZ11 A. D. 19 75
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Natary Publ" in for the State of Florida et large
My Commis expires:
Re'vrn io: ~VW~~ ~ . _ ' . - . - ' • .
- ~:rsr Fedzral Sa+ir+~s a Loan Associ~t,on . , ~
~ Ot Fort Pr:ce. , ~ - ~q~7 i
~ - . , . . - - ' ,
Fort Fi~•ce. Flcr~d~ y
~ ~ REGURDEO ~ - • `•``f'r ^
fILEO ~K` ,,s,y.~.,~... •:~'a
S?.IUCI{. C.OL'NTY FLA. - _
~ ROCc~ ?G~ial15 ; ~ F,
~ This Ir.strument Prepared By Gary F. Ellwood CLERR ~utT COURT •
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~ First Federal Savings 8~ loan Association Rf~r;°* Y=? -
~ of Fort Pierce , R lorida 2 p11 . • < : : - ~ ~
~ APR IO 12 2 ~ ; Y ;a . ;
Checked BY - 2 u- Q r'~
l x~ ~ti+_~~' t 3
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i •~'i'.~i,~~~~~~\ I
~ J
1035
800K2~8 PAGE ~ ~'r~`'~~,;~~~~~~~„~~~'' ~
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