HomeMy WebLinkAbout1324 3. To place and continuously keep o~ the b~i:dings now or hereaffer ~itunte on sa~d land a~d on all equipment and personally covered by lhis mortg-
ege, with all premiums ihereon pa~d in full, fire inwro~ue ~n ~ne usuel s~aixlard poticy form, in a wm approved by ~he MOR~G:.GEE, ar.d w~ndsto~m
~nsurante in the usual s~andard po~+cy fonn, in e sum approved by the MORTGAGEE, in suth tompany or tompanitt as the MORTGAGEE mey
d~recl; and all tire and w~ndsto~m inwrance po~~ues on eny of sa~d bv+~d~ngs, any iNereat therein or part thereof, in the aggregete sum atoresaid w
in extese the~eof, shall contain the usual standard n~orrgagee clause or such other c'ause as the Mortgayee may reyuue, making tl~e ~os~ u~ler sa~d poli- -
c~rs, each and every, pa~ubie to said A102TGAGEE as its interest may appear, and each ~nd every wch poucy ahall be promptly ass gned a~~d deGvarrd to -
any he~d by said MORTGAGEE as fw~her secur~ry to said mortgage drot, and, no? less than ten l10) da~f in advance of ihe expiration of each polity, to de-
~;ver to sa~d MORTGAGcE a renewaf thereo(, toge~her with a rece~pt for the premi~m ot such renewal; and there shall be rw fire o~ winds~orm insurance
placed an sny of said building~, any imerest there~n or pa~t thereof, un;ess in ~hr form and with the ~oss payable as aforesaid; and in the event any sum
of money betomes payabte ~nder such pality o~ poGcics sa~d MORTGAGfE shall have the ophun to recaive and apply Ihe same on accounl of the indabted-
n>is secured her~by or ro pe~m~t sa~d MORTGAGORS ro rezeivz and ~ae it or any N~n thr:eOf for u:h.~~ p~rposrs, .v~~hout th_.~~: xa~.~.ig cr ~:~pair-
~ng any equity, lien or right unde~ ~ by virtue of thia mo:'gage; and in the event w.d MORTGAGORS shall 4or any ceason faif to kcap ti~e sa~d prem~ses so 1.
insured,' w fail to deliver prornptly any of said poi~cies of iniur;nce ro sald MOZTGAGEE, or faii promp~ly fo pay fulty any pre~nlum thereior or in a~y
respect fail to perform, discharge, execute, e(fect, c~~plete, qornply with and ab;ek by th~s tovenanl, or any part hrreoF, said MORTGAGEE may Flace and ,
{•ay 1or wch ins~r.:~ce or any part thereof w~thou? waiving or affec~ing any optiun, lien, equ~ty, or r~gh~ under or by virlue o( thls Matgage, and the
f~,l amount of each and evary such peyrnent shall be immediately due and payab!e and sfiall bear interrs~ from tho date thereof unti! paid at the rate of
~ ~ ~e per centum per annu:r: and 1o~rther .+nh ;~ch intrreit shal{ be s~rcured by the lien of this mo~tgage. .
4. To permil, commi: w suffer no waste, impairment w deter~oration of said property or any part thereof.
5. To pay afl and singular the costs, charges and exoenaes, includ~ng a reasonable anorney's fee and costs o( abstratts of title, incuned or paid at
~nr tim.e by said MORIGAGEE, becauie or in ~he event of ~he fa~lure on the part oi ihe sa:d MORiGAGOR to d~ly, prompNy and fully perform, d~scharge,
_.,.~te, eifect, comptete, comply weh and ab:de by e,.h and every the siipulahons, agrearnen!s, cond'etions, and covenants of said p~omissory note and thi~
„~~rgage any or e~the~, and sa:d cos~s, cha~ges and expenses, each and every, shait be i~nn,rdiatety due and payable; whether w nm the~e be ~+ot~ce dr
n~and, atrcmpt to co~teU or suit pend~ng; and the lull amount ot each and every svch paymeN shall bear ioterest from the date thereof until paid at the
uE nine per cent~m F.e~ ar.:::~m; onc: a~i so~d cc.sts, cha:ges a~~d ~•¦;~~•rsea :nc~rred or paid, toyether w~th wch interest, shall be secured by the I~en of thes
mortgage.
6. That (a? in the evenr of any 6reach of thia Mortgage or default on the pa~t o~ the A10RTGAGOR, or (b) in the event any of said sums of money
herrin referred ro be not pron,pf~y and tuily pa~d w~~h~n rh,:ty (30) days nexr atre~ fhe same :evera:ly become due andpayable, withou~ demand or notice,
cr tq in thr event each and every the stip~lat:ons, agreemenrs, cond+nens and covenants of sa:d promiswry note and thh nwitgage any w either are not
~::y, pron;ptly ar.d fully ~-rformed, dacharged, e~ewted, eltected, comp'sered, c~~»p::ed v.~th and a6~ded Sy, then in e~ther or any such event the said ag-
~~_qate sum ment~oned in said promissory ncte then remaining unpa~d, ~tii~h intrrest accruY~, and a~1 mcneys secured hereby, 5ha11 become due and pay-
,c: for,hwith, oi nc~reafrc~, a~ the oprwn o4 s.+.d A50RTGAGEE. as f~i'ry an:i con,~,le~ety as if aU of the sa~d sums of money were onginaily supuleted
t,_• pi.d on wch d~~, enytl~~rg ~n s-; ci ~rG•~.55?!y nore or in ihis l.tortgag_ to ihe conr.ary notxithstand~ng; and thereupon or tt~ereafter at the op~ion of
> d.ti10RTGAGEE, w~rhovt nonce o* (~fR~3/:~, z~it at iaw or in eG~ny, +hereicre or therrafter 6egun, may be prosetuted as if all mo~eys secured F~e:eby
7 r.~aturet~ pr~or to ~IS i:ulituhon. ~
7. That in ~he even~ tF~t at ;he bey~~n:og cf or at any time pend:~~q any su t upon this Mortgage, or to foreclose it, or to reform it, o? to enforce
.~,.:m of any c y~ ~:s ~.ereunder, s~~d -ti1VR1G:.:v_c s`~a'? aFp~y to t~e Cou:~ haf~ny ;u-~sci:aiun thereof ier the appointment of a Receiver, suth Cou» shal!
,.~ith appo:m ~ rc.e~ve: of s.;:d merrg.~~~d p.c;~ :t; and sin3~Iar, inc;~d.r.g .;ii ~-:d singular tne income, p~of~ts, issues and ?evenues from whatever
darived, each a~,d every of ~.vh:;h, n::e~ng t~:~(f55'y understuoc!. is ! erro~ m;;: syaged as if tpeci(ieally sN fo~th and dexribed in the granting and
:.•ndum c~auses hereof, and such Recei.•er sh~N h..;c ail tF~e br..ad and eiiec!~ve furr..ons and powero in anywise entrusted by a Court to.a Receiver, and
appoinrmenf sha~i be n:ade by such Court as an .,ci,~~tt~~d eq~.:~sy and o r.-ar.~:r of a:,suiute right to said MORTGAGEE, and without reference to the
r.a,,acy w inadey:,ac~ of the va~ue oi ~he prope.ty mo~fyaged or to tF~e so•.~:~:c~ o~ ~~~so'vency ef said MORTGAGOR or the defendants, and that s:xh
-rs. profirs, ircome, issues anJ rever.ues sha~i ne aFp~~ed by w~h R_a:re; ac: ~rit~;:g ro the tien or equity of said MORTGAGEE~and the pradice of such
. _.:rt.
8. To dufy, Frt:nplly and ful!y perforrn, dizcharge, rxecute, efirct, c6mpletc, o.~r.F.!y wifh ar.d abide by each and every the stipuiations, agreements,
d~fl~ns znd c::venann ~n sa+d promissor~ ~~ote and ~n~s ~norrgage SE•1 f0(!~.
9. 7hat in !he event ~he ownersh(p of the mu•tyaged pre:ruses, or any part +e~creof, becomes vested in a person o~her than the MORTGAGOR, the
, "T~3AiiEE, its wcc<-ss::•s and ass~g~~s, r:~ay, wrthav! ncnce to the Y.^vR'.GA~.~, J~~al v.:eh such successor or successor in imeres? wi~h reference to thia
`_~.,ge anci ;hc d•,o~ r:c~eb/ srcv~ed in the sa.r,e n~arner as w~th l.tor~ga~c• vnthout in a~y way vitiating or d~;charg?r.g 1he ldo~tgagori liability here-
• cr upvn the d,•:,t },~.~eoy secured No sa:e of r6e F re•nises hercby ~nnrtyayed and no forbearance on Ihe part of the /~AORiGAGEE or its successors
3ns and ~a:enson oF the f:me fu* fnr pay~re~~+ r~f tce debt h~reby sec~red given by ane MORIGAGEE or its successws or ass~gns, shall operate
. ~~,se, d~s~h;,rge, ~r.od~fy change o: a4fect the c;r~,~nai Iiau:Lty of the h',JRIGAGOk I~ere~n, either in whole or in part.
10. It is spec~ficaiiy ag~eed thar t~:t~e ~s of the esaence of ~h~s co~tract and thaf no waiver o( any obligat~on hereunder or of the oblgation se-
,.-ed h3reby 3hai: at any time thereafter ~e held to be a waiver of the terms ~~ereoE or of the instrument setured herby.
11 in ;u_'.,r:o~ to rhe for: g: ~.g •non~h'~ E,a.;~~ ~n~s of p::: c pal and in~~rrst rrqu~red by the promissory no!e secured hereb~, mortgagor covenants
.,~,rees !o pcy ro r,~~•tg~gc.e .•..rh Pac'~ ~r:errh y;;:,;: .er.~ a~ add:~+o«ad s~m es!~~iated b~ mortyagee to be equal to 1,'12 of the annual cost of the follow-
A-AL' real pro~:erty tafas ien~d or assess_ f ag~~~st fh~ a6ove dez!nbcd real esrate.
6--P~_ .,rns c:~ f:re anCj YIUICS'.fJ".` Ii15V'?' ir as i~erein requ~red ro be ca~ ied on the improvemenis s~tuate on the above desvibed premises.
C-Prenuv~*~s on sv_h .r.o:tg~ge guarar.t~ ir.sv~a~ce as n:ortgagee shall frcm t~~t~e to time deem iit to carry dn the (oan sewred hereby.
~ Mortgagce sha ~ frcm h~,~e to i~n~c ncrlf; n.unr~agcr ~n wris~ng of the ar..o~~t d~~e and payable hereunde+ and such sum sha!{ thereupon be due and
j ~•'e on the d.,e ua?e of tne ~•e<t •nonth:r payr~,e~-~! and each wccess~ve mon~h tnereaher ur.tii mo~tgagee shail Rotify mortgagoi of a change in suth
! ;n~. Such sums sh.a i be apF,.icd by mcrrya; ~e ~o:~ard the payn,em of real p~ope~ty taxes, insurance prem:ums, and mortgage guaranty insurance
! ~~ms.
~ IN Y~ITNE55 Y%N~R~OF, ?ne sald !/~ORTGAGOR has nereunto set his hand and seat Ihe day and year first aforesaid. ~
` Si ned, Sealed a~:d delivered in the ~esence of:
F 9 p. F tED arl_ atC4RDED /Jw~,~ ~,~,Q~,~~
~ ~ - E~. ~uc~: ;.~L'!!Tr FU. ~-~s (Seal)
~ k?Gi ~ P3~'r1AS ~ C tl M 1 (Sesq
~ ~I,EF.K =.".:tiii COURT
~ ~ - aF~~pn~~-.~,~~cn ' ~~s~aq
_~~-r1t,~_ ~ Deborah A. F1 akes ,~ap
OF FLORIDA ! ~ ntrypC
~ . T St. Lucie T `vJ
~ ~ < Y OF - 1
Before me personally appeared CUIt 15 M. Flakes and
_ _ ~bO~ah A. F 1 a~ his wife, to me well krtown and known to me to be
~ : ~~divid~ats descri6ed in and vvho executed the foregoing instrument, and acknowledged before me that they executed the same fw the purposes
expressed. And the said Deborah A. Flakes j
~ of ~he said CuY t 15 M. F lake s upon a separate snd private ~
•~.-~atlu~ by me t~ken separate and aparf ~rom her sa~d husband, ackno•rvledged to and before me that she executed said instrumeM freely and volun- '
~ : a~,d w~thou~ any compulsion, constraint, appre~he~ns~on, oJr f`ear of o+ from her said husband.
~ Y~ITNE~S my hand and official seat this__t!~"1~3~ day A r2 A. U. 19 75
~
Ey _
Notary Public in and for th tate of rida at large
My Commission expires: ~
ti~ Ret~rn To- f~
: rst Federal Savir:gs 6 Loan Assou~t~on ~v,~ ~
rp Or forr P e:c_. .
'`-`s Fort Fiz~rcr, Flurida G~
t~.
~ b~.
~ i.+ .
This Instrument PreFared By John W. Collins ~:~'~~t_~.=;~,~~+''~-
_ : . _ •t,'_.,::• ;
~f First Federal Savings & Loan Association ,..•;_~>a:l~T~ i,,. ~
~ of Fort Pierce , Florida = ~ ;
~ _ i i •:f,..•::
~ 238 1323 - . , s ~ . :
~ Checked BY BOOK PAGE I:, .~ti~i.'~'.`;• .
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