HomeMy WebLinkAbout2534 3. To placo and conGnuousty keep on ~he bui:ding~ now or hereet~er ~ituate on sa~d land and on aL' equipment and personally covered by this mortg~
ege, wi~h all premiums thereon pa~J in fult, Gre insu~ance ~n rhe usual sTendard yo~~cy form, in e sum aHproved by the MORiGAGEE, a~~d w~ndsto~m ,
~n~urance in Ihe usual e~anJard poLcy iestn, in a sum a{.piorrd by the MORTGAGEE, in tuch tompany o~ companies as Ihe h10RTGAGEE may
d~reup ~nd all fire and w~ndsto~m insurance polic~ei on •ny o( sa~d buiid~ngs, any ~roere~t the~ein or part thereof, in the aggregere sum aforesaid o~
in excesf thereoi, shall conrain the ~sual ata~,dard rtwrtqagee cla~se or such other c}ausr as the hlortgagee may reqwre, making ihe ioss unJtr s..~d po1F
c~es, each and eve~y, payabte to said ti~ORTGAGEE as ~~s interrtt may appea~, a:id each o~.d every such poricy •half be promptfy aa: gr.ed and dei~vered ~o
eny held by u]d MORiGAGEE as fu~ther secwily ro said mortgage debt, and, not lefs If,an ten (!0) days in ad+ance o( ihe exNuation ol each pui~ci, to dr
t~ver ro said MORTGAGEE a renewal thereof, together with a rece~pt for the premium ol such re~ewal; ar.d there shall be no fire or windstorm insurence
P~aCe(~ on any of sa~d buildings, any intereat Iherein o? part ~he~eof, uniess in fhe torm and w~th the loss payabte as a(o~esaid; ar.d in the r~ent any sum
of money becomef payable under such policy o~ pol:cies said MORTGAGEE shall have ~he opt~on fo ~eccive and apply the same oo account oi ~he indrbted-
ne~s secured hereby or ro perm~t said MORTGAGORS to receive and use i? a:.ny pa.t ih.~:rof tur o~h•~r purposrs, v.~~ho~t ih_•~u, w~~+~~~~ cr ~~„p.;r-
Ing any equ~ly, ~ien a right uoder a by virtue of this mo:!gage; and in ~he event sa'd MORTGAGORS shal! fw any ~eason (ail to keep ~he sa~d prem:scs so
~ns~~ed, or fail to deliver pranpt~y any of sa~d po~~cie~ of insurance to said MORTGAGEE, or fail promptly to pay fully any premium the~efor or in any
~eeprc~ fai~ ro perform, d~scharge, execute, effect, complete, comply with and abide by ihis cave~am, or sny part h~reot, said MORiGAGEE may place a~,d
F~sy for such insurance or arty part Ihereof wi~hout waiving or affecting any opt~on, lien, equ;ty, or r~gh~ under or b~ vi.tue of this hloregage, ar.d th~
f~il amovnt of each and e~ery such paymrnt shall be irnmediately due and payable and shall bear ~nter~st fram the dare thereof umil pa~d at the rate o~
e per centum pe~ annum ar,d to~ethe~ with such interest shal' be sacurod by the ~ien of this mortgage. '
To permil, commit w su(fer no wastc, in~pairment or deterioration of said ~;roperty or any part thereof.
S. To pay ali and singulsr the costs, charges and expe+~ses, includ~~~g a reasonabie attwney's (ee and costs of abstratts of title, incurred or paid at
~~y time by sa:d MORTGAG'.E, because or in the event of the fa:lure on the p~rt of the s.,~d MORTGAGOR to du:y, promptiy and fully perfo~m, d~scharge.
_¦ecute, effec~, comptete, compfy with and ab:de by each and evrry the st~pu!at~ons, agreeme~», condit;ons, and covrnants of said prom~ssory note a~~d th~s
,,~ongage any or eirher, and sa~J cos!s, charges and expenses, eacA and every, aha11 be immrdiate'y d~e and payabte; whether or not ~here be nutice d!
n,and, atrempt to co'.tect or svit pendmg; a~xl rhe full amount oi each and e~ery wch parment shall bea. interest irom ~he date thereof until paid a1 the
r: oj nine per centum F~r ann~,n; and ail so~d cosrs, eharges ar~d ~x;,anv:s ~ncur,~~ or paid, ~oy=~rt:er w~th such interest, shall be sec~red by the Gen of thii
morrgage.
6. That (a) in the event of any breach o( this Mortgage ar default on thr pact of th> lJ10RiGAGOR, w!b) in the event any o( sa;d sums of money
h~~rein referred to be not promptly and #uily paid within thuty (30) days neet afrar rhe seme severa~ty become due and payable, without demand or notice,
~~r fc) in rhe evem each and every the stipulations, ag~eements, cond~rions and coveoanrs of sa,d promissory ~ote and th~s mortgage any o~ ei~her a~e not
i.'~, promptly and (ully periormed, d.s:harg•_d, exec~ted, effecred. co~np:efed, com~:l~ed r~:~h and ab ded 5y, then in e~ther or any such evem the sa~d ag
;:r~ate sum menhoned in said promissory ~ote then remain~ng ~npaid, with interr;~ acuued, and atl moneys setured hereby, shall become due and pay
lorthw~th, or thereafter, at the opr~on of said MORIGAGEE, as fu:ty a~~d comp!r~r!y as i! all of th.- sald s~ms of money were onginatly snpu~afed
'o be pa~d on wch d~y, anything in sa;d promasory note or in this Mo:tgaqr to thr co~urary notwithstand~~~y; and thereupon a thereahe~ at the opnon of
s> d N,ORTGAGEE. v.irhout no~rce c. d»~„a:~d, suit at taw w in equny, therefore nr tnereahar begvn, may be prosecuted as if all moneys secured hereby
r,d matured pnor fo ~ts ~ns~ituhon.
7. Tha! in the evrm thar at the be9~nn:r.g of or at any time pepd~~~g a~y s~~~r ~pon tlds Mortgage, or to forecfose it, or to reform it, or to enforce
r~;:nent of any dalms hereunder, said MORTGAG:; sha~~ aFpfy to th„ ~o~r~ F,3„~„g i~:,;d,c~~o~~ thereof for ~he appointment of a Receiver, suth Court shaH
'~~"141~h appoin~ a rr.efver of said mort~nyed p:cpcrty a:t and s;~,gula., irci;,J ng .,u arc! s~~~g~1a~ rhe ir.come, profits, iswes and revenues from whatever
~ -rr drr~ved, ea:h ar.d every of wh:ch, it being c,pressfy und~:ztucci, is her~~y merr~,g.•d as if spec~hcally set forth and desuibed in the granting and
,rndum ctauses he~eoF, and such Receiver shal! ha~e a!1 thr broad and effec+;ve fu~r.o.,; and po.ve:a in anyw~se emrusted by a Court to a Receiver, and
t: ~pppintrteent sha!I bc made by such Court as an admitred equity and a rraner of einoiutc righ~ fo said MORTGAGEE, and without referente to the
~.,~cy or inadequac~r of the va~~e of the property moregaged or to rh~ so.:e~:cy or v._ncy of said MOQTGAGOR or the defendams, and that such
+s, profits, income, issues and rever~es shall tx applied by such Rec~~iver auor~i.ng to the lien or equ~ty of said MORiGAGEE and the pratllce of such
:.O:If~.
8. To d~~y, promptly and fully perform, d~scharge. execute, effea, compfe?e, cornply with and abide by each and every the stipulations, agreements,
;,~ditiona and covenaros ~n sa~d prom~ssory note and this mortgage set forth.
4. That in the e•~ent the ownershlp of the mortgaged prem~ses, or any par~ thcreof, becomes vested ir a person other fhan the MORTGAGOR, the
:"CTGAvEE, its successors and assi~ns, may, withovt nor,c~ to tF.e MORTGa~?, deai w,rh s~ch successor or successor in interes~ wi~h reference to Ihis
~~rgaye and ~Fe d~ut hrreby sec~red in rhe same manr,er as wnh t.to~tyago~ waho~r ~n any way vit~ating or d~scharging the Mortgagoro' liabiiity her~
or upon th? deb~ ii~•reo~ sec~rcd No safe ot t!,e pe.~~ses hereb; mortgaged ar.~ no for~ea:anee on the part of the IAORTGAGEE or its auccessors
oss gns and no exrens~on ct the ri~.~e for the aay:r.rnt of ~he debr he~eby secwed g~ven by the 610RTGAGEE or its successors or ass~gns, ahall operate
~ ~ ease, d~scharge, modify c:ange or affecr ihe c•~g~na1 i~ac"~:ry of ~ne N.ORTGAGOR I~erein, eilher in whole or in part.
10. It is spec~l~.aliy agreed tl,at time is of the esse~ce of fhis co~rract and that no waiver of any obiigarion hereunder or of the obligation se-
;,;red hereby shati at any time rhereafter be hr'.d to be a wa~ver of the :erm.s herect or of the instrument secured herby.
11. In acid t~o~ ro the fcrego'r.g mo~~tF!y pa finents of p:iac paI and inreresf ~equ~red by the pfom~ssory no'e secured hereby, mortgagor eovenants
~i agr_es tc pay ro mortoagee v.ith each monrh!y ~,ayr,ent an add,ri;,na! sum est ~:ted by morryagee to be eqval to 1,'12 oi the annual cost of the folbw-
A-At! real ~roperty tax~s levied or assess<d ag~i•~st the above disa~~cd reat es~ate.
8-P.c~ ~,s on fhe and wir.dstonn ~nsurarce as here~n reqv:rcd ~o be c.,~~,:.d c~• ihe improveme~ts rtuate on the above described premises.
C--0re~~wms on svch morrg~ge gvaranty insurar,ce as mc~tgagee shai~ frc^~ } me ro rime deem fit to carry on the loan secured hereby.
t".ortgd~ee sha~l f~cm nme ro n ne no+~fy rner!yagcr wr;nng of th? a~..o:~~t d~e and payable here~nder and such sum sfiatl thereupon be due and
b!r on tha ci~e d+fe of ~he nert month:y payrr.enf and each su,cess~v~ rt,e~rh rhe:~~after ucfil mortgagee shcll not;fy mortgagor of a change in such
_ ,;r.r. Such sums sl e;l be appiicd by mortgagae tor:ard the payment of rea! p~operty taxes, insurante prem;ums, and mortgage guara~ty insurance
. ~~~~.ums.
IN VJITPJESS Y+'HEREOF, the sa~d hAORTGAGOR hes her~unto set his h3nd and seal the day and year first aforesaid.
Signed, Sealed and deliver d in the presence of: ~
- ~ fi~EL"_h,. ~t W~tLiEO ` Seal)
f1.LU~~t :LL'MRAS~ ` e eth . Dr w c )
, j'~ - P.7:: : r ?
~ ttE-'t, ~1 ..JnT CVURT ' ,
- ~ - velyn rew a~~
(Seal)
Of FLORIDA g I~Z ' I J
- St. Lucie ~ u•
~tiTY OF ~
Sefore me personal;y appeared Kenne L h R, Drew a~
- EVe lyn L. ~TQW _ his wife, to me well known and known to me to be
IITG~IVIfJJd~3 descrihed in and who executed the foregoing instrument, and acknoovledged before me that they executed the same for fhe purposes
,~ein expressed. And the said_ ~=velyn L. Drew
~a of the said _~~nI14.~~R . DreW upon e seperete snd private
nat~an by me raKen sepa~ate and apart from her sai husband, ackr.owledgF~d to and befo+e me that she executed said instrumeM freely and vtluo-
; and w~thout any comp~ision, constraint, apprehen n, r fear of or from her said h~sband.
LYIINESS my hand and offit~af seal th~s__ day of _ Apr i 1 • ~ Q. ~4 ? j
~ _ ~
ary Public in and for the late of rida at rge i
y Comm~ssion expires: ;
Return To: n n ~
~;rst Federal Savings a loan Associat~on ~p~ ~ O`' ~,5
Of Eort P:erce.
Fort Pierce, florida
.y~ ~ '
_ ' r! ~ . ~ -
- This Instrument Prepared By John W. Collins : -
First Federal Savings 8~ Loan Association . '
of Fort Piercg F 1 or i da y,_ ;
Checked By ~ ~ k c~p p ' ' , .
BO~K 2J0 FACf ~5~0 ' rt ^ 'i
~
~ ~
Y ~
~ -
~~x~fi~ ~ _ - ~ -
- Y"°^"i 4 } - .
a _ ~ ~~..~~n~ , . ~r=~~ti.e.~.-'ti~~.
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