HomeMy WebLinkAbout1330 3. To piace and cominuously keep o~ ~he b~~:d~ngs now or he~eaf~er sAUa1a on sa~d land and on aU equipmeM and per~o~ally tovared by this mort~
ege, w~th all pten~i~rt~s thereon pu~d in full, ilre ins~rancr ~n ihe uwa! standard poiicy form, in ~ sum approved by the MORiGAGEE, and winds~o~m e.
ms~r~nce i~ ~he usual standa~d poLcy lorm, in a sum approvad by the MORTGAGfE, in such company or companies ~s the MORiGAGEE may ~
d~rect; arx! all liie and winJstorm insuran~@ pol~cres on any of saK! buJd~ngs, any interes~ therein or part Ihareol, io IM agy~r9ate ~um aforasaid or ~
in excess 11~ereof, ihaU con~ain ths ~sual standard mwtgagee da~se a such mhe~ c'•ouse ~f fhe hlprlqagee may requue, ms?inp 1he ioss under aa~d poti- '
ues, each and every, payab:e to said AIOR1vAGEE a~ ~ts mterast may appaar, e~d each and every such poucy shall tx p~omptly ais g.~ed and de~ivered ~o '
any held by sa~d MORfGAGEE as Further security to aaid niortgage debt, ar.d, not ~eu ~han te~ (10) dayi in advance of the eapustion of each policy, ro ds-
I~ver to said MORTGAGEE a renewal Ihereof, toge~her with a receipt for 1ha prem;um of such renewaf; and there shall be no lire or windstorm insuunce
plxed on any ot said bvild~ngs, any interest there;n w parl the.eof, unlrss in the ~o~m and w~th tho loss payable as aforesaid; and in the eveM any sum
uf money becomes payable undrr such policy or poGc;es w~d MORTGAGEE ihall bave the opt~on to rece+ve and apply the same on accoum of the indebted-
ness secur~l he~eby a ta penn~t said MORivAGORS to receive and use i1 w any part thrreof for othr~ pur~,ases, vi~ifiout tharuu~ wa~~~.~~ or ~~,~pair-
~ng any ~quity, lim o~ right undrr w by virtue o1 lhis mor!gage; and i~ the event said MORTGAGORS shall tor any reason fail to keep the said premisrs so ~.r'
~nsured, or fail to del~ve~ prompNy any of sald po~~res oF infurante ~o aaid MORTGAGEE, w iail promptly to pay fully any premium therofor w in a~y
.es~,etl iail to per(orm, dlschorge, exec~te, effecl, comp:ete, compty with and abide by thi~ covtnant, w any part hrreo/, said MORiGAGEE may place and
p~y fo? such inswance or any part thereof w~thout waiviry o~ afiecting any opticn, iien, equlty, or right under a by virtue of this Mor~gage, and the
t~!! amount of cach and every wch payment sha!I be in:mediata~y due ond payabtc- ar.d shall bear interasl irom the date thercof until pa~d at the rote of
~ per c~nr~rn per aniw~n ~n3 tt~getl~e. wi!h such in~erest shali be secwed by the ~ien of this mortgage.. •
d. To permA, tommit or Suffer no waste, impairment or dete~ioration of soid p~operty or tny part thereof.
5. To pay all and singular the costs, charges and expenses, in:ludi~g a reosonabla at~orney's (ee and costs of abstracts o( title, incu?red or peid et
~~a ~ime by said MGRIGAGEE, becauie or in the eveM of ths ta(lure on the part of ~he said A10RTGAGOR fo duly, p:c-mptly and fully periorm, d~stharge.
~~xc:ute, effect, comptete, co~nply w~th and ab:de by ea.h and eve~y the st~p~~la~~ons, agreemems, conditi0ns, and covenants oi said promissory note and thii
~.or~gage any or e~~her, and sa~d costs, chargea and eapcnses, each and every, shail be i~r,mzdiately due and payable; whether or.not there be natice do-
•nand, attempt ro colled or suit pend~ng; and the fuf! a.moun~ of eacA and e~e~y wth payment shall bea~ interost f~om ~he dala thereof until paid at the
o' n~ne per cznt~:n Her an~wm; anc aii aaid costs, ~hargrs and .~x}~enses Inc~rred or pa~d, togeiher wdh suth interest, shal! be secured by the lien of thit
mo-tgage.
b. That (a} ;n the event of arey b~each of this t~ortga9e or default on th> part of tFz MORTGAGOR, or (b) in the event any of sa+d sums of money
herein re(erred to be not pro~»ptly and fuliy pa~d ~vithin thuty ~30) days next atter ~hc aame severeily become due and payable, without demand or notite, '
or ~.O in the evem e~ch and every ~he st~p~iations, agreemems. cor.ditions and covenants ef sa:d promissory note and th~s mortgege any or either are not
1.,'~, p~o:nptiy and iu~ly performed, dscf:arg~~d. executed, efie.ted, can~~:eted, co:•ip;~ed w~rh a~d ar+ded by, then in either or any such event Ihe said ag
~cgate sum mentioned in said prom~ssory note ther. remaining unpa~d, with interest xuued, and al! moneys secured hereby, ~hall become due a~d pay-
fo~thwith, or thereajcrr, at ~he opnon uf s~:d MORIGAGEE, as fully acd compieiry as ii att of the said sums oi money were ongioally stiputated
~ ha pa.d on wch dc~, a~~thing in sa.d p~c•r.~ssory note or in th'rs t.to~~gagr to the con~eary not,nY.thitand~ng; tnd thereupon or lhereafter at the op~ion of
s~.i MORTGAGEE, w~thout noT~ce or ~iemand, suh at law w in eqwty, ther~fore or thereafrer begun, may be prosetuted as if all mooeys secured hereby
r.~d niat~r~d pr:or to As inititu;ion_
7. 7hat in the e~ent th~t at the ~eginn:ng ~f or at any tr.ne pend~~~g any w;t upon this Mortgage, o~ fo fo?eclose it, or to refwm it, or to enforce
+:n,em ei any c'•;Ims hereund:r, s~~d :J~URTG:.~cE ahal, appiy tu the Courr havi~~q iu~;sd ction thereof for the appointmeM of a Receiver, such Court shali
^.tiith . H~ oint a rrce+ver of saiL rnortgogrJ prop~rty al' and singular, ir.cludng ati a~~o singu~at the intome, profrts, issues ant~ revenues from whatever
,';e dar~vad, eaih and every of wh~ch, x~ng ea},ress~y understwd, is hcreby morty-~ged a~ if spetifieally Set forth and dturibed in the granting and
endum c!a~ses hereof, and such Rece~ve~ shatl have alf the broad ond effect~ve func!,ons and powen in anywise eMrusted by a Couit to a Receiver, and
appointment ~h3t3 tx made by such Cou~r as an dClntt?ic'CI equity and a matrer of a6so~ure right to said MORTGAGEE, and without reference to the
, i~_.~,;acy or inadequscy of the vaiue of the properry mortgaged or to tne so:.e:~•cy cr m:a•+ency oi said MORIGAGOR or the defendants, and that such
~s profits, insome, issues anJ rever.ues shall be apai:ed ~y such Reteive~ accoror~9 to the lien or equity of said M.ORTGAGEE and the practice of such
_ ~ urt.
8. To du!v, p-G.rpr:y and fu!!y perferm, d~scharge, execute, effect, cornp;ete, co.nply with ar.d abide by each a.nd every the stipuSations, agreements, ~
, ^!~uns an~ covenants m aa~d promissory note a:~7 th~s morrgage set for!h.
i
9. That in the cvr.:t the a~.nership of the rr,crtgaged prem~ses, or any part thereof, becomes vested in a person other than the MORTGACaOR, the 1
,'RTGAG~F, ifn successo•s and ass~gns. :.•.ay, .v~rho~~t nonce to ~ha A10RTGf.OR, dea~ vv~~h such successor o? successor in interest with re(e~ence to this
•~aye anti thc d_bt ~ereby sec~~ed in the same ma~:ner as with :1!ortgagor vv;thou! in any way vitiating or diuharging the Mortgagors' liability hertr
or uE.Gn tne deb+ he~eb~ seo,r~d yo so,a o; ti;e Erem.~:es hereb~ rr.ong_ged and no forbearanee on the part of the MORTGAGEE w its suecessors
,ss~gns and no exte~s~on of ~h? e~;r:.~ fur f},e ,~3yn:rnt of the deb~ her._oy secured gEven by the MORTGAGEE or its Sutcessws or aui„ns, ahail Operate
re~ea>e, d~scha~ge, rr.u~f~fy c~ange or affect the c,;y;,,ai Gau:i~ty of the MORTGAGOR herein, either in whok or in part.
10. It is soec~fic~ity ag+eed tfiat t~me is of ~he essen:e of th~s contract and that no waiver oI any obligation hereunder w of the obligaYan sr
c.~ed hareb/ sha~~ at any time !hereafter be he:d to be a~n•a~ver of the !erms hereof o~ oi the instrument setured he~by.
11 . In add t.o~ +o thc (oreyo ~:g ^wnT?iry pay^i_n!s of princ ;;al and ~r.!erest ~Py;,~~ed by the prom"ssory no:'e sctured hereby, morfgagor tovenanfs
~qr_es to pay to n:ongsgee w~:h ~,ach :ncnth ~;,a~~:ent an add:~ronal svm es'~n.actd by mortgagee to be equal to 1~`12 of the annual tost of the follow-
A-Afl~real p:u~nn•ty taxes i.~:~ed o~ dSS?SS^r: 3y1)i'S: ttr= abore desv~~ed rcai estate.
B-Prec:~u:ns on fire and wi :dsror~n ~riw:a-ce as i~er~in r;qu:red to be carr;cd en the ~mproveme~ts s~tuate on the above d_scribed premises.
C-Pre:.,vn.a or. su•_h mor,~.,ge gua~a:~ty ir.sura.:e as mo~lgagee sha~l from tme to time deem fit to carry on 1he loan secured hereby.
E ~lortgegee sne l from ::~t,e to t~e;e net~fy mcrrja~or m~~rit;ng af the arr.ount due and payabfe hereunder aod such sum shall thereupon be due and
~ -;'r en thr due riate of th_ na~.t no^rhiy pa;m~nt ar,d each succesieve month thereafter until mortgagee shall notify mortgagor of a change in such
t ,nr. Suct~ svms sh3:i 6e ap~•iied by morigay:e tos~ar~+ the payment of real property taxes, ins~rance prem~ums, and mortgage guaraniy insurante
i ;m5,
~ ~N L'~t " 5 Y1HFRtOf, rne sa~d MORiGAGuR has h~rrunto set his hand and seaS the day an " st aforesaid.
SEg Sealed and deliv ~n pr of: Ep Ay~ ~e(`,~jZ~E~ ~ t , ~
- ~ T. IUCiE G~12N7Y FIA. a~~
, " ROGi.=: :,~;TR~S h Tref 1
CLERK ".}ti COU4T Seaq
~ - - Rt~~;.^ Yrr~{ ~En • Seal
~ ~ C thia H. Trefeln ~,i~
10 i2 AM 75
; i E OF FiORIDA -
S5.
: ~•~T~ oF _s~_~~-- ~ ~Q.S'788
Before me personal~y aPPez~ed T~othy Trefelner a~
_ C~?tlttllcl f{. Trefelner his wife, to me weU known and known fo rtx to be
_ ~ndividuale descr~bed in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes
_•e'n expressed. And the said- C}/t1t171d Trefelner
of the sa~d Timothy Trefelner upon a separate aod private i
~~at~on by me ta'sen separate and apart frem her said husband, acknowledged to and before me that she ezecuted said instrument freely and volum }
; and vv:thout any compu:sior., constraint, apprehens~on, or fear of or f~om her said husband.
WIiNESS my hand and of(i.~al seal thls_ _ lltr___ day of A ril A. D. 19 7S
~
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= Notary Public in an or e St te of f rida at large
~ My Commission ex ' es: a~ 7~
Fi ReNm io: ~
'!~•`lry ru:i.., ~~i:~t~- 6. ~or:~.~ a) ~arq±
r.nt Federal Savings 3 loan Associat~on
~ M~ C~rnre:.aon fxF]:as J~r.~ 42, i977
OE Forr P erce. BonJ.:d by Acr,ericen i~~e 6 Co yy~lty Gp.
Fo.t Fierce, flcrida ~ - ~t" - . _
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~ This Insirument Prepared By G ~ry F. Ellwood O-~'~~,~~- ;
~i First Federat Savings 8~ Loan Association ~ ' :
of Fort Pierce , R lor ida ~ R ~p ~
~ BOOK~~JO PACf13~ - . , f= - -
~ Checked By , C%: ` ~ ,
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