HomeMy WebLinkAbout2536 3. To place and continuo~sly keep on the bu~'dmgs nurv or hnresher ~~t;,~ie on sa;d lanc! a~~d on alf eyuipmrnt and penunally covered by thi~ mwtg-
ege, wifh sll premiums Ihereon pa~d in fulf, fira insurance in the uwel ata~~aid ~w:~q form, in a sum aNprovad by ti~e MORIG.:GEE, and win~s~orm
insurancs in Ihe usu~l standard pol~cy fam, in a swn approvrd by the ,MO~CTGAGEE, in su:h company or tompan~es as the MORTGAGEE may
d~recl; and all (iie and windstor~n inturance po~~cies on any of sald 'oudd,ngs, any inle~est therein or par~ theraoi, in tha aggregate sum afpresaid or
i~ excets Ihereof, shall contein Ihe uwal standard mo:~yagee ctause o~ wch other cteuse as ~he Mortgagee may requ~re, making the lo~s under aa~d poii-
c;es, each arrJ evrry, payab!e to ta~d A~ORTGAGEE a~ ~ts iro~rest may appear, and each and eve~y ~vch po'~c~r sha11 be pranptly asa gned a~~d Jat~~cred rp
eny held by said MORIGAGEF as further sewrity to said n.or~g.~ge debt, and, no? Ie:s ~han ie~ (10) days in advance of the expiretioo oi each policy, to dr
Lver ro said MORTGAGEE a renewal therea(, toge~her with a rece~pt for the prrrnium o1 such ~enewal; end there shall be no fire or windstorm insurance
placed on any of said buildi~x~s, any interesl therei~ or par~ tharrof, unlrss in ~he form and with ~he loss payoble as aforessid; and in rhe r ent any sum
of money Lecanes payable unde? such policy w policies saiJ MORTGAGEE shall have d~e opt~on to receire and apply the sarne on accouro ol !he indrb~cd-
nefs secured he~eby or to pe~mit sa~d MUR(GAGQR$ ro reteive and use i1 ot any p~rt r1i•~;eoi for o+~~rr pur;~oies, .•.ahout fh.•.iui wa~~~,3 cr unp„r-
:~~g any equ+ty, I~cn or right under or by virtue of this mo:cgage; and in rhe event sa:d M02tGAGORS shall for any reason fail to keep the sa~d premisr~ w
;~~svr.~d, or fail lo delivcr promptly any of said poGurs of ir.aurance to said MORTGAGEE, or (a~! prcmptly ?o pay fully aoy premium therefor or in a~y
~e+pect feil to perform, d~scha~ge, execufa, effect, comp;ete, con:ply wi~h and abide by rh~s covenant, or any part hcreof, said MORTGAGEE may piace a~d
p.iy for such insurance or any parl lhercof w~thou~ waiving or af(ecting any opnon, lien, equuy, or ngM under or by virtue of this Mortgage, and the
!vil arnount oi each and every such paymenl shall kx ~mmediately d~e and ~ayable anJ shall bear i~terest lrom tho dote thercof uroil pa~d al the rate ot
pe~ centum pe~ annum an:l ~o~rlLer vcith Such int.•rest shall be sr:ur.,d by the lien ol this mortgage.
4. To permif, commit w suffer no wasle, in~pairment or deterioretio~ of said propcrty w any part thereoi. '
S. To pay all and singular the casts, charge~ ar~d ezpenses, ~nctud~ng a reasonable atto~ney's fee a~d coats of abslrac~s of title, incurred or pa~d at
+•~r ti~~e by said MORiGAG~E, beca~se w in ~he event of ~ne fr.iure cn the part of ~he sa~d MORTGAGOR to duty, pramptty and fully per(orm, d~scharge,
~x~ cvte, effeU, comptetr, comply wrth and ab:de by each and every ihe stipufenons, ayrec~~~ents, conditie~u, and covenants oi said promissory note and fhls
,,..rrgage any or e~~hr~, and sa:d cests, charge~ and e,eprnses, each and every, ihall ba in,n:ed~ately due and payable; whetbtr w nat Ihere be notice d~
;:~and, auen~pt lo cotlect or suit pend~ng; a~xi ttie fuli am~unt of each and every such payrnrnt shalt t,ear interest from the date thereof un~il paid a1 the
~~r n~ne per ce~turn Her annw~~~; ~nd a~l S.,iJ ws's, cha~ges and ~xc.r~;s_s +:xurrrd w E:a~d, toyrt}eer wAh such inierett, shall Ix secured by the l~en of th~s
~r,.~•rgage.
6. ~hat (a) in the event of any breach of thls Mortgage or defau't on 1Fw part o! t~ie M.URIGAGOR, or !h) in the event any of sa:d sums o( money
~~rem referred to be not promptly and fuliy paid v,irhin thuty ~301 days ne,ct ar~er the sa+~~e se:eratly becomn due and payable, without demend or notice,
or ~c) in the erent each snd every the siipulatlons, agrcements, wr~;tiong and co~enanta ot sa,d promissory note and th~s mortgage any or eithcr sro not
5.:;, prompNy and fu~ty pe~formed, d.scharged, execUted, e:fec~rd, completed, comp;~ed .•nih and ab~ded 5y, then in e~tF~er or any such event the said ag-
~~_~r,te s~m menrioned in said promissory nore then ren~a~ning unpa~d, wnh interr,t a~u..ed, and a!t nw~eys sec~red hereby, shall become due and pay-
forthwith, or thtreafter, at the option of sn;d h10R1GAGEE, as fuliy aiu! comp:rfely ~s il ai~ of th'r said sums of money were onginalty st~pulated
h~~ pa d o~ such dsy, anyt~~ing In sa:J prom,ssory note or in th,s I.tior~gaye ro the contrary not.vdhst3nduig; and thereupon or lhereafter at the option of
s-:d t,!ORTGAGEE, wirhout no~:ce or d~-~ne:~d, s~it at law o~ in eq~~t~, therefore or tnereui~er oegu~i, may be prosecuted as if all mo~eys ~ecured hereby
r::~ matured pnor to ~iS inifitu~~On.
7. That in the event that at t~r b~ginnheg of or ai any ti~-ie pending any w! ~pcn this P1~ortgage, or to foredose it, or to reform it, or fo enfarce
r~.:•~ent of any c~a:~ns hereunder, 1_,ici 1d"JRTG'+~:~ shail aF,ply to tF~e Ceurt hav~ng ~;;~~sd,ct~on thereot tor the appointment of a Receiver, such Cour1 shall
•~•;.~rh a;:po~~,! a re:e~:er of s~~d mortg~yed prop.,.ty a!i and si:~yutar, ;n~;~d ~:g a1! a~~d s:~.g~.ar ~he ir.come, profits, issues and revenves from whatever
~ derived, sach and every of wh;ch, it Leu~g expressly vnderstood, is ~er.•by m~•r~,g~d as +f spec~flcai:y set fortfi and dewibed in the granting and
ndum da~ses he~~F, and such Recei+er shall ha~e ali the b~aad a~~d effec~:ve func• o.ro and po.vers in anyw~5e eMrusted by a Court to a Receiver, and
s appointmen? ehall be made by such Co~~t as an ad-~hred eqo~!y and a natter of abso~u~e riyM to sa~d MORTGAGEE, and without reference to the
~.:~cy w inadequaty of the vaiue oF the property mo~tgaged or to the so.venc~ •~r ,•,,;,;vency of sa~d MORTGAGOR o? the defendants, and that suth
~s prof~ts, income, iawes and revenue: shail be appiied by such Rece~ver accerd.~:y ro the iien or equity of said MORiGAGEE and the prethte of such
Ccurt. '
8. To dufy, promptly and fuliy pe~fo•m, dncha.ge, execute, effect, con-.piere, cnmc,ty v,-ith and abide by each and every the stipu(ations, agreemems,
d~r:ons and covenants ~n sa+d prom~ssory nore and tn~s n~ortgage set forth.
9. ii,at in the event the ownership of the m.ongaged prr~uses, er a~,y part thcro~f, becomes vested in a pe~son other than the MORTGAGOR, the
F:TGAGEf, its successori a~;d ass~gns, r~,y, urtt,ovr ro±~ce to rhe M.;,RTGn;,R, deal .•:~si, surh suaessor or successor_in interes~ v~~*h reference to this
_;ayc and the d.ut hc:eby sc.wed in tne same n,anner as +tihh A.u•tgego. ~nahout ~n any way vitiating or d~scharging the Mortgagori liability her~
, i.,r or ~Fon tho d~~bt hr~ebi 3c.i~~ed. ho s3~e of ti:e Fre~n!ses herep~ ~nortgayed a^d no fo:bearence on the part of the /~10RTGAGEE or iis wccessors
~s~;qns and nc extens•on of thr t1n.e for ~h_ pay~..en! of tne d~b~ he•eby securrd y~+en by the MORSGAGEE o~ its suctessws or ats~gm, a3iall opera~e
, •~•~ase, d~scha:ge, mod~fy change or afiect the or:~u:a! Gai,:~~r~ of the ;:,CR?GAGOR herein, either in whole or in part.
1~. !t is speuficaliy ogreed that nm~ ;s of the essence ef th~s co•aracs anJ that no waiver of any obfigation hereunder o? of the obligetion se-
_.:•.d hsreoy shali at any t~me thereaiter be hetd ro be a wawer of rh? terms hereoi or ef the instrumem sewred herby.
1 l. In .:;ir3 !:~r~ to the Forc~c'n~ o;n;h y p~y•, ,ms of p~i~:; ;;al ard i~zr~rrest reqvved by the promiswry rto!e sccured hercby, morTga?or tovenants
d ag:ees !o pay to mortoagee vs~th eacti ~nonrh.y p.~,•~enr an adu~~~o~~a: s~rn rs+ ~~red b~ mortgagee to be eq~aV to 1~'i2 of the annual cos! of the follow-
A-i~Il ~c.al prc,p~~•ty taxas le~i_ : o! assess_c3 ag a~ ,si ihe above descr~~;rd real es!.u~.
B-Pra~r.:ums on l,re and windsrorm insurarce as iier._in ~eq~~red fo be tarr;cd en the ~m,orovements situafe on the above dssaibed premises.
' G-Prem!„~~•s on suth mertg ~qe guaranty ins::•a~.cr as mc~tgegee she:l fro:r r.T~ ~o t,~n~ deem fit to carry on the {oan secured hereby.
Mortgagee Sheil from time to hn;e nct~'.}• mcrtga3o~ m v~rit~ng oi ihe amou~t du_ and payable hereunder and such Sum shai! thereupon be due ancJ
. h'e on the dve ua!e ef th> next ~nonth:y pa7ment and e.;ch success~ee n:o~lth fhc;>:~iter uctil mortgagee shatl nolify mortgago~ of a ehange in wch
nt Such sums st,~il be appi~~d by morrga3.>e to.tiard the payn:ent of reri prcFerty taaes, insurance prem:ums, and mortgage guaranty insurance
~:~~.~nas.
IN \VtTNE55 LNHEREOF, the sa~d ff,GRTG:+GOn has h-:re~~»o set h~s hand and se,f the day and year first aforesaid.
Signed, Sealed and delivered in the presrncc of:
_ • fIIEG R«'. -i_.O~iDED
ST.EUC°C ;:UCN;Y FIA. ~,n th R. Drew ~a~~
~ ~
k^"•: -:~'.A~S {Sesl)
- - ~LE' h GCuRT'~' -
- - .velyn Dre (s~aq
(Seal)
i t OF FIORIDA
~ APR ~ 42 a~' I 5
; '~n
St . Lucie 'vVs~s
: •~lTY OF ~ .
Before R~e ~senall a Kenneth R, Drew _ a~
Pe Y PPcared -
- EV@1y17 L.. ~fEW his wife, to me well known and known to me to be
- ~nd:viduais dcscribed in and who exec~red the foregoing instrument, and acknow{edged beiore me that they executed the same for the purposes
--•e n expressed. And the sa~d_ E
Ve l~n L. Drew
s c of the ,a~d _.~e nne t h_ R_ Drew upon a sepa~ate and privaes
nanon by me taken separate and rpart from her sa~d husband, ackr.owtedged to and before me that she executed said instrumeM freely and votun-
~ and wrthout any compu lsion, constraint, apprehnens;~n, ~,r fear of or frorn her said husband.
v11iNE55 my hand and offiual seal this_ _Q~ da cf _ A r 1 75
Y - . D. 19
. . .
' - I~
Notary Public in and for the ~ ate of Fbr" st large
h1y Commission expires:
Return To: ~ A/J ,s//
~:rst Federal Savings b loan Assou~~:on ~~~~J v
Of furl P,erte.
Furt Pierce, FIvr.Ja
' • i .
This Instrument Prepared By John l~'. Col l ins
F~rst Federal Savings 8 Loan Association
of Fort Pierce , F lor i da , .
Checked BY ~ - 3G~r~~U P~~E2530
- . : ` •,,lf
, . } ~'t ~ - .
..~..~5~~ ~ '
~ f
s
~ ~
~ , - ~ Srn
ya'~'~ ? , . sa ~~*t~
,vr%r 5+ s, yY ~'x:~ 3' s"r.9:
~ m'4 ~ :4 Y
.,.e. . z
~~~~~~~`C-"~ v • ~ .~J.~3'~ - a