HomeMy WebLinkAbout2285 3. To p~ace and continuoualy keep on the bu~'dings now or hereafter si~uate on sa~d tand and on ail equipment and persanally covered by ~his mwtg-
ega, with sll premiums thercon pa~d ~n full, fire i~is~ranca ~n the usual stai~dard po~icy form, in a sum apWoved by ~he MORivAGEE, and wi~dstorm
inxurance in the usual s~andard pol~cy form, in a sum approved by ihe MORTGAGEE, in iuch company or compan~es as tha MORTGAGEE may
dlr cr, and all firo and w~ndstorm inw~an~e politiea on any o( s~id build~nys, any iniarest therein or part ~hereof, in Ihe agg~egate i~m •foresaid or
in excess thereof, shall contain ths usual s~andard morigagee dauu w:uch other ciavse as the Mortgayre may requ~rs, makfng tha iois unda~ s~~d poli-
c~es, each and every, payab~e to sa~d h~ORiGAGEE as ~ts ~nlerrst may appear, and each .+rd every such po~+cy shall be promptly ass gned and de~~v~red to
eny held by said MORTGAGEE as (w~her secu~ity ro sa~d n:wtgage debt, and, not less ~han ten (IOi days in advence o1 ~he tapiration of each poficy, to da
I;~er to said MORTGAGEE a renewal thereof, toge~her wifh a receipt for fhe prrmium oi such renewal; and there ahall be no f~ie or windstorm insursnce
placed on any of said build~ngs, any i~~ereal the~e~n a parl lhereof, un;rss in the tor~n and wi~h the toss payable as aforesaid; and in the event any sum
of monQy ~omss payable vnder such polity or policies said MORTGAGEE fhaN have rhe option to reteive ~nd apply the same on accouN of the indrbtad-
ness secured he~eby or to permil said 1dORTGAGORS ro rete~ve and uae it or any ;>.,rt tl;c:.•of ior o:i~rr f;urf.oses. v:~~ho~t th_~ru~ vva~~:~~g ~r ~n+pai~- }
~ng any equ+ty, Gen or rigM under or by virtue of this mo:tyage; and in the even~ sa~d Mp~2TGAGORS sh~ll for any reason lail to keep the said premisef so
nsured, or fail fo delive~ promptiy any of said potities of insu~ar.ce to sa~d A10RTGAGEE, o~ fail promptly tQ Ray fulty any pre~n~um thetefor or in a~y •
respac~ fail to perform, d~scha~ge, exetute, effect, comptete, compty with and abida by ihis covenant, or any part hereof, said MORTGAGEE may plate a~~d
i,~y for such insurance or any part thereof w~thout waiving or aifecti~g any opt:on, lien, equ~ty, or righl under or b~ virtue ot ~his Mortgage, and the
amoun~ of each and e.ery wc~ paymeM shall be immediately d~e and payable ancl ~hall bear interest irom the date thereo( un~it pa~d at the rate ol
c per cenium per annum and to3e~her with such int~r~-sf sh,ll be sec„«~d hy ~he I~en of th~s mortqaga.
1. To permit, commit or svffer no was!e, impainnent or deteriora?~on of sa~d p~operty w any part thereof.
S. To pay alt and singutar the costs, charges and expenaes, including a reasonab!e attorney'~ fee ond costs of abstracts of title, incurred w paid at
tin~e by said h10RTGAG:E, because or in the evem of ihe ia~iure on the part of the said fdORTGAGOR to duly, promplly and fuliy perform, d~scharqe.
_ t: wre. effect, cumplete, con~pty w~tn and ab.de by each and every the stip~lat~ons, agreements, tonditions, and covenants oi said p~omis:ory note and th~s
_•~gage any or e~the~, and sa~dcosts, cha~ges and eipenses, rach and every, shali be immed~ately due and payable; whether or not the~e be no~ice de
,:nn:i. attempt to co;letl or suit pend~ng; and the (ul1 a~nouM of each ~nd every wch payment snal~ bea~ interest from the date thereof until paid al the
nfne per crntum per am~u:~~; .;:~d ait sa~d cos~s, cha: jes ano ex;,ar~ses ~rcunrd or p:a~d, together ~,v~th such interast, shall be secured by the Iien of th~s
m, rtg3ge.
6. Thnt (a) in the evenf of any b~cach of this hlortgage or defaulr on the part of the A'.ORTGAGOR, or (b) in the event any o( said svms of money
h~~rein referred to be not promplly and fully paid within thuty (30) days next aiter ~ne same sc~a~a::y become due and payable, without demand or no~lce,
-r ~ci in shr event each and every the stipu~ar~ons, agreements, condlno~~s artd covenanrs ot sa.d promissory note anJ th~s mortgage any or either are not
i'y, promptly and iully perforrned, d:scharged, exewted, eifeued, co~npie'rd, co:npi~ed w~th and a6~ded 5y, then in e~ther or any suth eveM the said ag-
r. ~a+a sum ment~oned in said promissory note then remaining unpa~d, with interes~ au~ ~ed. and aU moneys secu~ed hereby, shall betome due and pay
for~hwith, or thereaftcr, at the cp~~on of so~d h10RtGAGE~, as fui~y and :ompleTely as if ali of the said sums of money were on9inally snp~;ated
, be ~a~d on such dzy, a~yrhing in sa:d prc•n~sso~y note or in this !'Jtortgege to ine toni:ary not,n~ithstand~ng; and thereupon or thereaf~er at the opt~on of
r'URTGAGEE, wiiho~t notlce or demand, swt at lax o+ in eq~~ty, the:e~o~e or thcrcaiter begun, may be prosecWed as if all moneys secured he~eby
~ ci ,,,arured pr~or to rt1 inst~t~hon.
7. Thar in the e~ent that a~ ~he b:~inn~ng of or at any time pcnd~~,g a~y su ~ uron fh:s Mo~tgage, or to foreclose it, or to retorm it, or to enforce
~::,nr of any cla~ms hereunder, said A50RTGi+G c s~•all a~;p!~ to rhe Caurt ha~~~ y~~_r~sd cs,c~: ti~ercof 1or the appo~ntmero of a Receiver, such Court shait
• :.~eh appo~nt a recei~er of said mortgagcd prop~rty a;i and ein3;~ic+, ic.!„d~~g oi? .~,d s~~:3~~ar the income, prof~ts, issues and revenues from whatever
, derived. each and every of wh~ch, ~t ~x~ng exp~ess'q understocd, is her. ~y mo•ty~ged as if spec~iically set forth and deseribed in the gianting and
en~um c!auses her.-of, and such Receiver shali have alI the bwad a•,d etiect,ve fc~cT ua+s and powers in anyw~se emrusted by a Cour1 to a Receiver, and
~~.pointn:ent shaU 6r made by s~ch Co~rt as an ad:~~irted equi!y and a matter af abse.iute rght to said MORTGAGEE, and werhoul reference to the
_;cy er inadequacy of the valve of the property morfgaged or ~o th~ so+-e~~c; er ~nsolvency of said MORiGAGOR or thr delendants, and ihat auch
p:ofrts, income, issues and reven~es shalY be appiied Ly s~ch Rece~ver ac..•rd,•~~ to the lien or equity of sa~d MORTGAGEE and the practice of such
~c urt.
9. To du!v, promptly and f~i~y perform, discharge, execure, effect, compiete, compiy •~,•~th and abide by each and every the stipulations, agreements,
. ci,!,ons ond covenants ;n said promiasory nott and this mortgage set forih.
9. Thar in the evenr the ownership of the mortgaged prem.ses, or any part thcrecf, becom~s vested in a person other than the MORTGAG04, the
''4'GAGEE. ~~s succeswn and ass~~ns, may, whho::t nct:ce to the AtiORTGAOR, de~t N~th wch successor or successor in interest with reference to this
•.,•age and the d=-ut F~ereby setured in the samc ma~ncr as wi'h 1'Sort~agor w~tV,out in any way vit:ating or d~stharging the Mortgagor5' iiaoi~iTy here-
: or ~pon the debt hereby sewred No Sdi2 of tf:e Frc:n~ses hereby ~nurtyaged ar.d no forbearance on the part of the MORTGAGEE or its successors
gns and no exrens:on of the ~i:ne fc. ~h~ payme~r of rhe debt her~Gy secured g~.ren 6y tS,e h10R1GAGEE or its sutcessws er assig~s, s~ial) operate
_ r_~_ase, d~scharye, mod~fy change or a!fect rhe o~lg~nsi Gab.~:t~ of the MURTGAGOR herein, eilher in whole or in part.
10. ft is speGfica+ly agreed thar t~me is of the esser.ce of +Ir.s ccrrtract a~~d tF~at no waiver of any ob~~gauon hereunder w of the obligation sr
._-_~d hareby shal; at any hr. e ~heraaiter be hetd fo b~ a woi.er oi the te~ms hereot or of the instrument secured he~by.
t l. In a;i3.t~c ~ to 'he fo•ego.ng mor.thly p~ymcntz of pri-~c pa; and ~:"cres• rrGu~•ed by the prom:sscry no!e secured hereby, mortgag~r eovenants
ag-ces to pay to r*o•tg~gee v.ith ea;h mon~h•q ;.ay~ enr an add •;o~~a; su~~ es~ ~ ared bf mortgagee to be ey~ai to 1;'12 of the annual cost of the foliow-
A-All real ~;roperty taxcs levied or assessad ay~~•~st thc above desc~~'.cd rea~ es+are.
6-Pr:r„~;,;r.s on f re and w~::dsso^n ~nsu~~rce as nere~n r~q.:red to br :a•r:•cl cn the ~mprovements s~tuate on the aFwve described premises.
C-Pre:niu~*~s on such mortg;ge guaran!y irsi.a.ce as mo•t~ag~e si~ail frc~^ r•.:e to t~me deem fit to carry on the loan setvred hereby.
'.1or±gagec stia!t fro.n t~me fo no;~fy n;c.taagor m w-~t~ng of fhe a~ro:,~r d:e ard payab!e hereunder and such sum shall thereuFon be due and
~ on the d~e date oi the n_•xt n-~onth'y payn,~~~t a:id each svccessi•re mo:;rh trrr_aher uatii mortgaqee shall notify mortgagor of a change in such
:^t. Su:fi wms sha:: he apE~!ied 'by mor;yag?e to.1ard the payment of real properry taxes, ins~rance prem:ums, and mortgage guaranty insurance
i ,~m5.
t I 1'JITNESS 1hNERC the sa~d MORTGAGCR has here~~to sef nis h3r,d and see! the da an ear first aforptisaid.
E al a det' er i the preience of: ' ~ ~ i
~ . F~tEa s4r ~ _c~~D~o
~ ST_IUCtE '.]vytY FU. is D T
RGi•=.=; '~~1S (Seal)
~ _ _ C! ER r. . f COURT . . \ {Seal)
~`r~ ~ : - 1 Genevieve S. Tre lner
~ - tsea~)
~ ~TE OF fLORIDA 3 2 03 PM' 1~ •
~ '~TY OF -St • _ ~.L1Cle ~ ~VV~~~
~ Re is D. Trefelner
Be(ore me perscnally appear~j ~ a~d
~ _~eneV1QVQ_$. Trefelner _ n~s wi!e, to me well known and known to me to be
~ : ~+d~v~duals described in and who executed the foregoing instrume~t, and acknoxledged before me that shey executed the same for the purposes
~ •e n expressed. And the said-`___ _ GeneVl@V@ Trefelner
~ of the said _-___________$~~1S Trefelner , upon a sepacate and private
• ~,at;on by rrze taken separate and apart from her said hus5and, acRr.owtedged to and before me that she exetuted said instrumeM freely and volurn
~ ; and w~thout any compulsien, constraint, appreh r.s on, or fear of or from her said husband. ;
~ WIiWESS my hand and offcia' seai this_ day of_____ Anril A. D. 19 7S `
. . • 3
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Notary P~blic in and for the 5 of flori at Large ~
My Comm~ssion expires: ~
Retu~n To: /~~~~r I~ -
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~I.st federal Savings 8 loan Assoc~atlon J
Gf Fort P.e•ce.
Fort P~a~ce, Flcrida
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~ This Instrument Prepared By John Collins _ . '•r. .
~ First Federal Savings 8~ Loan Association ~ = _ _ _ ~ : .
~ of Fort Pierce , Florida 33450 - r~. ~4,. ~
~ Checked By 800K ~~J PAG~2z81 • ''n',' _
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