HomeMy WebLinkAbout1328 3. To place and continuously keep on the bu~!dings now or F,ereai+er ~~iuate on so~d Iand and o~ si~ equip~nent and prrsonally covercd by this matQ~
e9e, with all {uemium~ thereon pa~d in iutl, fire insu~ance in the usu~t sta~xlard po'icy to~m, in a tum approved by the MORiGAGEE, and windsto~m
~ns~rant~ in the usual standard po:~cY lorm, in a sum ayproved by the MORTGAGEE, in such compony or compan~es ~s tha MORTGAGEE may
d~rect; and all (ire and w~ndswrm inau~ance pouc~es on auy oi ~aid buud~ngs, any inrere~t ~hrrein o~ pa~? thernof, i~ the aggre~~~e sum aforeaaid w
in extess thereof, shall :onrain the uaual s~andard mortgagee clause w such other uaute as ths Alongagee may reqwre, making the loss under sa~d polt
c:rs, eath and every, payabie to sa~d h`.ORiGAGEE as ,ts int~rrsl may appesr, and each and every euch pol cy ahall tx promptly ass g~ed a~d de6vered to
any held by said MORiGAGEE ss funhzr sewrity ro se~d rno~~gage deb1, a~zd, not iess than te~ (10) aays in advm~ce oi tha expiratbn of each policy, lo da
I~.er to said MOR~GAGEE a renewal thereof, ~ogether w~th a rece~pt ior the prem+um o1 such renexal; and there shal~ be ~o Gre or windstorm insursnte
p~aced on any o1 said buildings, any intcrest therein a part thereof, ~~Irss in the form a~d with the Icsa payable as alo~esafd; and in the event any sum
cf money becomes payable ~nder such potity or pol~ties sa~d MORTGAGEE shall have the opfion to receive and apply the same on atcount of the indebtad• ~
ness secured hereby or to pe:mit said h50RTGAGORS to receirp and use it w any part ~he:eol for eem~~ ;:ur:~:s~s, v~~~i~out th,r.u~ wa~~~~~g a~ ~~~~p~~~- •
fny any equ~ty, lien or rigM under or by virtue of this mor:gac~e; and i~ the eveM sa;d MORTGAGORS shall ~or any reason fail to kcep the said premisrs so i' .
~nsu~ad, or fail to dc!~var promptly any of aatd poilcies of insura.xe to sa~d MORTGAGEE, or fail promptly ~o pay fully any premium tharefp or in any
respect fail to pe~lwm, d~scharge, e:ecute, effea, comptete, con:piy wirh and ab:de by th~s covenant, o~ any pait hareof, said MORTGAGEE may place and
for such insurence or any pa~t,Ihereof without waiving or af(ec~ing any opt~on, lien, equ~ty, or righ~ under or b~/ virt~e of this Mo~tgage, and the
f~!I amount of eath and every such paymrm shalt be immcdiately due artd payab!e erJ shaH bear interest frwn the date thctcof umil paid at the rate o1
•~.c per tentum pe~ ar.nun~ .ind to.ryett~e~ with s~:!i inte-est sh.il :~P secured by thr_ ~iert o( lh~s mortgage.
To pennit, commit or sutfer no wa~te, impa'ument o~ dcteriorafion of said N~roperty or any part thereof.
5. io pay all end singulsr the costs, charqes and expenaes, includ~~~g a reasonaole attorney's fee and costs of abstracts of title, incurred or paid at
,n, tir.~e by said MORiGAG~E,. because cr in the event of ~he fa:lu:e on ti,e pan of ~he sald MORTGAGOR to dvly, promptly ant! fully periorm, d~scha~ge.
_.~~cute, efiect, complete, complK w~th and ab:de by eacfi and r~1ery the stip~!at~ons, agrrements, cond~~wns, and covenants of said pro:n~ssory note and th~i
,:ortgage any or e:ti~er, and sa:d costs, tharges and ~•xHenses, each and tvery, shall be immed~ately due and payabfe; whether a not there be notice d~
r.:and, attempt. to co~tett or suil penci~ng; and the full amount ol each and eYery such paymeni shalf bear interast from the date thereof until paid af the
„ oi nine per cent~m prr anncm; o~~c aU aa~d coits, charye; a~~i expens~s ~ncu~~ed Or Naid, together w~th suth interest, shalt be secured by the lim of this
mortgage.
b. Tha1 (a) in the event of any breach of th~s tAortgage or defau!t on the part of thc MORTGAGOR, or (b) in the event any of naid svms ef rrwney
herein referred to be not pron;Ntly and fu~ty pa~d wrthin th~rty ~30' days next aite+ the san:e severa!Iy becorne due and payable, without dema~d or notita, ;
c: ;c; in tha event each ar.d every the s?ipulations, agreements. cor;d~+~ons and covenants of sa d p~omissory note and th~s morfgage any or eelhet are not
'_ly. urompt!y anJ f~lty pe~fo~n.ed, d.scharged, esecuted, ef{ected, comp(e~ed, co~ip:~ed w~th and ab~ded Sy, then in e~ther or any such event the said ag
,'e3ate sum menhoned in said promissory note thcn remaining unpa:d, w~th imerest ac::ued, and ai! moneys sewred hereby, shall become due and pay
forthvvitfi, o.• the~eafte~, at the opnon ot aa:d h1qRlGAGEE, as fu~:y and c'vmp:rte!y as if a1i oi thr said sums oi money were or~ginatly stiputated
r J he pa;d on suth day, anything in sa d premvsory ncte oc in this tilertgoye to the contrary ~otwi~hstandi~ig; and thereupon or Ihereafter at the oplion of
s~ d InORTGAGEE, w~thout nor~ce or de::ia:~d. ;.~t at taw or in eqwly, therrfure or therrafier begun, may be prosecuted as if all money secured hereby
r,:~ matured pnw to ils institutio~i.
7, ihat in the event ~hat at the beyimm~g of or at any t rne pend~ng a~y s~~t upon ~his Mo~tgage, o~ to foreclox it, or to reform it, or to enforce ~
; ~,ent of any c~aims hereunder, s~~d h'.ORTGAG~f s}~ali ~ly to the Court h~vu.y lu~~sd a~on thereol for the appointmeM of a Receirer, such Court sha11 ~
•~,..1th a~pcint e n~ceivrr of safd rr.ertgaged pror_rry all and sir,yvla~, inc~vu n3 .,~I a:~d :~n~ular ~he intAne, profi~s, issues and revenues trom whatever
~~r dcrlved, rach ar.d eaery oi wh:ch, ~t t~r:ng e~pre:s~y unders:ucd, is F.er~6~ re o~t~aged as if speci1~11y .set forth a~d deuribed in the granting and
i:~,~~-dum c'avses nereof, and svch Rece~ver shaii have ail ~f~e broad ar~o efiec•~re tue:t.o,~s and powen m anywise eMrusted by a Cowt to a Receive+, a~d
s ch nF~pointrnent shal'~ bF inade by wch Court as an ad~•~ittrd eq~.~ty end a na~Ter of a',sel~te r:ghl ro said MORTGAGEE, and witho~t ~eference to the
-..._-.;~;cy er inadrqutcy of the value of the p~eperty mortgeged or to rhe s:~,v..nc~ : _..~ncy of sa~d MORiGAGOR o~ 1he defenda~ts, and that suth
~s, profiis, inco~n~, iss~es and revenues aha:l be ap~iiad by wch Rece~ver xcor.i,..g 1o the lien or equity of said MORiGAGEE and ihe praChce of Such
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8. To d~`1, p~cm;,tly and fut~y perlorn,, discharye, eaecutz, effect, compiete, ca-,r.~y w;th and a6ide by each and every the atipulations, agreemeNS,
.-~:i,+:cns ar.d w~.e~nants rn ss~d p.orr.;siory nete and th~s mortg.~ge sr! ~orth. ~
9. Tt,a: in rh~ eve~t rhe ov«e•sh~p o~ the mort~.~ged pre:r~~ses, or anv part th=_rccf, tecomes vested in a person other than the MORTGAGOR, the
.'S~GAGEE. ~!s s~~:c•.ssors a~d ass.gns, r.,ay, vr~~l,o~~ -~c+~cc se ~he •'.~Oc';,:.Ort, deal wnn such s~ccessor or s~ccessor in inte~est with reference to this
•~~,3c and thc ~~:i~1 he~ray setur~d i:~ the san;e r*.a~,r.cr as ~v~.h t.!~~!yeger r~ithout in any way vitiating or discha~ging 1he Mortgagors' liability here-
- or upun the drbr here:;; scc~r_d :'.o sa'e oi ;i,~~ F.•['R:5?5 hcrcb~ r~.~rtgaged and no forbearan~e on ihe part of the MORTGAGEE or its sutcessors
~ns and r.o e,etens~on cf rf~e t:•-,e ~~~i,e ;.ayo~,e~:r of t+~e drb} h~reby sec~red given by the h10RTGAGEE or its successors or auigns, a~wll operate
;'~ase, d~scharge, rnod~fy charg_ e. a"ect !Fie t-•g,:~a~ ~~eL.:~,r{ oi'the t.:uRTGAGOR herein, either in whole or i~ patt.
10. It is spec[fcah~ aoreed rhat t~:nF ~s of the essence e4 il~is contracr and tha! no waiver of any obtigat~on hereunder w of the obl'gation se- ~
_.red hrreby shali at any time thereafter b~ he!d ro be a wai~e. of the terms h~reof or oi the instrument secured herby. '
1~. i n a ad t.~~ t o the o r c~ c r~ h~ a, s o f N•:-c p al a n d i•+ _ z: :e 4 ured b y the promissor y no!e secured hereb mort ga gor eovenants ~
: aa•°es to pay ~o n:o-!g3ge~, vt~ih ra F ic ,n!y , a,:rent an add~•iona! svm rvin:a~ed by mortgagee to be equal to 1/ 12 of the annual cost of the foltow- ~
A---A9 n;af ~ roperty tax_•s I~~n~d or ~ssess^:i ,~y:ei ~st th~ ai•o.e des^~b°d reai e:!ate.
b Fr_ .:u ~s on lir~, ~~~d r.~i~ d<.!~ •s. :r,su~a~ ct• as herein r^Gu~red to be car:l.d on ti~e improveme~ts situate on the above described premises.
C_.pre'~,lums or. svch R:ortg age :zua•a~~ty ~nsurj: ce as mortgag~e s~.all ir^T ! me to time deem fit to carry on the loao secvred hereby. '
~ A~,or!gagee sha'~ f-cm r• to :~me no~~fy rro:tgage{ ~n Nritir,g of the amo~~t due and payable hereundar and such sum shall thereupon be due aiid ~
e on t{~~ d~e cic>e of th= n~.<t north~-, p;y~,•.nt ard each successwe mornh therea+ter ureil mortqagee shall notify mortgagor of a change in such
~ Such s~~ms sFe:i Le ap~~:~ed 'o~ n:or;~a3~e totia•d the payment of ~eal property taxes, insurance prem:ums, and mortgage guaranty insurance
: ~ms.
IN L'11 SS Y,'HER~O , tne sa~d MOkiGi.GOR i~as hereunto se! his hand and seal the day and ar fir aforesa' ,
E Sign ~~d a~I iv in the presencc of: ~ '
~ _ /L~ (f~'~-b Mt R:.~OF.OEO c Sean
~ f~IEG ~
€ S1.l~~C~~ ;~:UNTY fLA. e oodman
~ F.U`'E~' = iiTr1AJ ' • (SCaI)
CI~FK ~:Ji~~ ~OURT -z-.--t+t-ri~- (Seaq
_ _ _ - qFCr` ~ Ar lene F . Goodman tseaq
. ;.;E Of FLORIDA - - , IO ~Z
~~~Tr oF _ St . 1_-~1e f~ ~i1•.~ ( V I
Before me pe~sonally appeared _ JefferY R. Goodman a~
Arlene F. Goodman his wife, to me well known and known to me to be '
~~~~dividuats descri6ed in and who executed the egoing instrument, and acknowledged beforc me that they executed the same for the purposes ~
~ •e~n expressed. And the sa~a Arlene F. ~oodman '
~ Goodman
of the said Je ery _ upon a separate'and private
•,m"narion by me taien s~parate and apart from her said husband, acknowledged to and before me that she executed said inslrumeM freeSy and volom
and w~thaut any compu:sion, constrair,t, apprehens~orn,~~pr of or from her said husband. rl
~ '.'~IT;:ESS my hand and offic~al seal this ___1__ v~ _ day of
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;„;1; ,~fS~Publ in and for the 5 e of 1 at O:~-
M Commi ~on ex Jres: ~ -
r Retum To: y ~ = : ~ ~ y % ;
~ ~ rst Federal Savings S loan Assoc.at~on Notary P~Wie, Stofe of P~oijdo'~ 1~1~~ :v ~ '
df Fort P ere.~
Mr Commiuion E~cp'qta F~iy ~~f~1~ A~
~ For, Pierce. i!erid~ Sond~d br AlrtKieiA1 ~~~1~ QIt•.• •C C
~ - i
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~ This Instrument Prepared Sy John W. Coll ins ;
First Federal Savings & Loan Association
~ of Fort Pierce Florida
~ ' eaoK 238 P~~E 132~
~ Checked By
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