HomeMy WebLinkAbout2530 3. To place and continuously keep on the bu~'d~ngs now or hrreafter •;tveta on s„~d Iand and on all equipment and perso~ally covered by this matg-
ega, with all premiums thereon pa.d in fuli, f,re iniuronce ~n she uwat sra~~;fa~d ~:a~~cy form, in e sum aHproved b~ ihe MOR~i,:.GEE, and w~ndato~m
~~.s~rence in the usual irandard poGcy lorm, in a sum approvrd by the MORTGAGEE, in such company o~ compan;rs as the MORIGAGEE may
d~rect; and al) lire and w~ndstorm insurance pol~cies on any of s~~d Fwi!d~~,ys, eny intera:l therein or pa~l Ihereol, in fhe aggrrgate wm aloresaid or
in exceu the~eoi, ~t~al~ con~ain the usuat itandard mo~tgagoe da~se or such o~her ciause as the Mortgagee may ~equ:re, ma?ing tt~e Ioss unJer sa~d poli-
c~es, each and every, payable to said h10RTGAGEE a~ ;ts ~nt~~r~•st may appear, and each and evrry svch Hd~c~ shall be promp~ty ass g~~rd and driivered to
any he(d by said MORfGAGEE ss (~rtba? 3eNrity to said ~not~gage debl, antl, nol Icss than ten (10) days in advanCe o1 the eapirotion of ejth pOhcy, to c1e-
fver tp said MORTGAGEE a re~ewat thereo(, togerher with a rece~pt for the prem~~m oi wch renewal; and there shall be no f~re or windsto~m insurancs
placed on any of said build~~gs, any interes? fherem w parl eh~reof, unless in rhe fonn „nd wi~h the loss payable as aforesaid; and in the e.ent any sum
of monQy becomet payabte undet such poliq or pol~cies sa;d MORTGAGEE ~haU have ~hr opnon to .eczive and apply tha same on accouru o( the i~idrbted
ness secured hereby w ta perm~l sa~d MORTGAGORS to receive ar.d use it or any por~ ~Lr-eoi ic. on,cr pu~.,~srs, v.~~ho.,t ~h_•~ u, .v..,.~~i~ cr ~~np„~;- i
iny any eqwty, lien w right u~der a by virt~e of tAis mo:!gage; and in the event sa~d l1tORTGAGORS shall for any reason fail to keep the said pra~n~s~~s so
~nsured, or (ail fo drliver promptly any o} saed poGcirs o( inwrante to sa~d MURTGAGEE, or fail promptly to pay f~lty any prrrn~um therefor or i~ any
~espect tail to perForm, d~scharge, execute, e(fect, complete, co~nply wiih and abide by th~a covenam, or any part hereot, sa~d MORTGAGiE may p~ace a~d
pny for svch inwrante or any part thereof w~thout waiving w alfecting any option, Gen, equay, or ~l~hf under or b~ vi~toe oi this A!orl~age, and the
fuli amount of each and eve~y such paymeN shall be immediately d~e and payable and shall baar interest from tha date thcreo( umil paid at the ~ate ol
~i~r~c per cenrum Fer annvm and together viith such ~ntereft shali ;x s~•c.:rrd by the lien o1 th~s mo:tgage.
To permit, commit or suffer no waste, impairment or deteriorahon of sa;d p~~perty or any part theteof.
S. To pay all ar~d singular the costs, charges end ex~xnses, includ~ng a reasonable anomey's fee and cos~s of absvads of titte, incurred or paid af
. +ny tia;c by said A10RiGAG:E, betause o~ in the event oi the fa~lure on the pa~~ of ~he sa~d MORTGAGOR to duly, pron,ptly and fully perform, d~scharge.
_¦e.ute, etfect, complete, comply w~th and ab;de by each and every the stipu!.:~~ons, agre.:n~ents, conditions, and covenants of said pro~n~ssory note and ~h~s
merryage any or either, and sa~d costs, chatges and expenses, each and ev~~y, ah~~t be imm~diate!y due and payabte; whether w not there be not~ce d~
n:and, attempt Io coliect a suil penJ~ng; and Nie iull amoum of each and every svch paymrnt shall bea~ inierest trom the date thereof untii paid at the
•<<~~ r~ne per crnt~m Ner aniwrn; anc: ait sa~u cos~s, ci~ary~s and .:x;;.cns~s ~ncu,red or pa~d, ~ogether •.vAh such i~terest, shall be secured by the hen of this
m~rrgage.
6. That (a) in the event of any breach e( this Morrgage o? deiault on th- part of the MORTGAGOR, or (b) in the event sny of sa:d sums of money
here+n refer~ed to be no? promptly and fully puid within ~h~r~y (30! da~s newt after the sa~~:e se+eral~y become due and payable, wifhovt demand or not~ce,
er iO in the event each and every the atipu~auon:, aqreemeMS, condirions aru! cover,ams ot sa~d promissory note and th~s mortgage any or either are not
i~ty. prompNy and i~lly performed, d~scharged, execured, effeUCd, tempteted, com}:;;ee~ w~th and ab~ded Sy, then in e~ther or any such event the sa~d ag-
~•rgate sum mentloned in said promissory note then remaining ~nyaid, w~th ~nteress accrued, and atl moneys setured hereby, shall become due and pay-
+c, (crthwith, o~ thereafrcr, at thr oprfon of sa:d M0~2TGAGEE, as }u,ly and com~~ierely as ii al! of thr said svms of money were or~ginally st~p~:ated
ro i,e pa:d on such dzy, a~iything in sa.d pro~mssory note oT in this Mortgayr to the contrary not,+vithsranding; and thereupon or lhereatter at the opt~on of
s• ci b10RTGAGEE, without no~ice or den:aad, svi~ at law or ia equ~ty, thrretore or tt:ereahcr begun, may be prosecuted as if all moneys setured hereby
r d malured pnw ~O AS Initit~ho~.
7. Tnat in the evert that at the bcyinn;ng of or at any ~;me per.ding any w~t cpoo t~~~s Mortgage, or to foreclose it, or to reform it, or to enforce
:.i.ment of any claims hereuc:der, said h10RIGAG~t shai! apply to the Co~rt hi.~rg ;v~~sd~c'~on ther;;of for the appomtment of a Rece~ver, such Court shail
~,~hwirh appo~nt a rece~•:er of said mor~g.,ged proN~~:ty atl and singula., 111~;J:J ng ..~,d s~~gu:ar the ir:come, p~of~ts, issves ard revenues Irom whatever
s;•:e derived, each and every of wF~ch, it be~ng ~~xpress:y vndersr~oo, :s Fen,Ly m^r~1~~ed as if spec~f~cafly set forth and described in the g~aoting and
h,f..endum ciauses hereoi, and such Receiver shall have atI the 6ruad and effecrive fc e::s and powers in anywise tntrusted by a Court to a Receiver, and
,.ch appoint~r:ent shalt be made by auch Co~rt as an admitted eGu~.y and a ~:atrer uf a~:w:~.te r.qM Io ta~d MORiGAGEE, and without reference to the
.~~:.~y~_cy or inadeq~acy of the value of thc property mo.tgaged or tu ~he so,vency or ,o:~:_~ncy oi sa:d MORIGAGOR w the defenda~ts, and !hat such
,rs, profits, income, issues and revenues shatl be app;;ed ny such Rec~iver accord.~~~ to the tien or equity of said MORTGAGEE and the practice of wch
Court.
8. To duly, pranptly and ful!y perform, discha:ge, execute, effect, comple!e, co•np'~ w:~h and abide by each and every the stiputations, agrecments,
_•:~d~tions and tevenants in sa~d promissory note a~~d this mortyage set iorsh.
' 9. That ~n the event the owne:ship o1 the morrgaged prem~ses, or a~~y part the~cof, becomes ve:ted in a person o!her than the MORTGAGOR, the
::'RTGAGfc', i~s successors ard ass~gns, may, ~~~ihaut notice to ~he N.ORTG~~Jn, dc•at vnrn ~uch successor or succeesor in interest with reference to this
~qage acd the d_bt hereby secvred in the same mann~r as w~th 61or;~;g~r w~ihout in any way vitiating w discha~ging the Mortgagors' (iability here
i:r or upon the debt hereoy secwed No sa'e of +h~ Fre:,:~ses hereb~ nw~tgayrd and no fo-6earance on the pa~t of the MORTGAGEE or its successon
,sc~3ns and no ex+er+s~on ef the timr for the payrrent of tne deb~ hrreby sec~red given by the MORiGAGEE or its successws or assigns, si~all operate
~o re~ease, d~scharge, mod~fy c~~enge or aifect t~e o~~g~na! liai~,~ ry of ~he MGRTGAGOR herein, either in whole or in part.
10. It is spec~fical!y agrNed that time ~s of the esse~~ce of th~s ce-,tract .;nd that no waiver oi any obligation hereunder or of the obligation se-
cured hereby shalt at any time thcreafter he heid to be a wo~•.e~ o~ the !e:ms hereof or of fhe instrument secured herby.
I l. in add:r;c : to fhe Fwenc n~ r;;nth'y :;.i f^±•~nts ot ~;nnc pal and IntCr.-S: req~~~ed by ~he prom;ssery no!e secwed hereb~r, mortgagor eovenants
d aqr~es tU pdy fo me-tgagee v.irh each monrn'~.y ~~a,r~:err an add.rro~~al s~m esn~i:aied b~ mongagee ro be eqval to 1.~'12 of the annua{ cost of ihe follow-
A--:.:i rcal property tax~s ie>~_ : or asiesr_~i ag i~•.s! th•_ acofe d.sr~ d real esrnre.
6- Prer.,~ums on f~re ar.d wir,~siprm msur;, ce as hereln r~q~:red to be ca•ried o t~ha ~mp•oveme~ts rtuate on th~ above descr;~d premises.
G-Prrmlv~~~s on wch mertg;ge guaran!y ~~sv~a, ce as rno'tyagee Sh3~! f.c r, r:~.e Ta ;Ime deem fit to earry on the ioan secured hereby.
hlortgagee s6a'.l from time to timc notify mcrtgagor ~n writ;ng of the amou~t dve and payable hereundtr and suth sum shall thereupon be due and
.~'.~!e on th;: c?~e date oi rl;e next mon!h;y p;yrnent a::d each svccess~ve menth threah~r uctil mortgagee shall notify mortgagor of a change in such
mt. Such s~ms sl.a:i ~e app!~ed b•; mort~a~~~e tor.ard ihe payment of real precerty taxes, in:urance prem;ums, and mortgage guaranly irsurante
, ..,..~ms.
IN 1NITPiE55 'r'HEREOf, the sa~d htOR7GAGOR has hereu•~to set his h~~:d and seal tne day ar.d y ar first afwesaid.
S~gned, Sealed and delivered in the presence of:
• f~~£~ t~~ ~f:y:4~DFD
fT.> ~z" . J~~i7r FU~. e e L _ E rew sesq
/~a - Pu,-; ~S~S (Seaq
~ - - - - v'1£=~. _ =J.T .,OUR; ~ \ ~
A:'~~;: 'i: : c•rf i ($eal)
- - Eve l n . Dre t~a~)
_ ~:E OF FLORIDA 1 ~ ~ ~1 fM+'!5
_ ;r~rr oF St_Lucie_ _ ~
Kennet~ F D ,ew
Before me personatly appeared and
Evelyn L. Drew _ hcs wiie, to me well known and known to me to be
~~ndi~iduais destribed in and who executed the foregoing instrument, and atknowtedged before me that they executed the same fo? ihe purposes
rr_•ei~ expressed. And the said_ FVe1~I1 ~teW
of ~he sasd _ Kenneth R. Drew
- upon a separate and private
nat~o~ by me taken separate and apart from her said husband, ackr.owledged to and before me that she executed said instrument freely a~d voluo-
and w~thovt an~ compu~sion, constraint, appreh nz;yn, or fear of or from her said husband.
WITNESS my hand and off~c~al seal th~s_ day of_ ~Pr 11 p. 19 rj
Notary Public in and for the Sta of Flor' at Large
My Commission expires:
Return To:
~~rst Federai Savings 6 Loan Asscc~at,on /a ag-
Of Forr P~r.ce.
, Fort P~a.ce, F~or~d~
` ~
' v .
This Instrument Prepared By .iohn t~ . Col l in~
First Federal Savings & Loan Association
of Fort Pierce ~ F lor i da . ~
Checked By -~OpK PAGE ~~24 ' , ~ ~
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