HomeMy WebLinkAbout0058 3. To p~ace and continua~~~y keep on ~iu bui!d~ngs now o~ hereaker ~~tuarQ on aald land and on all ~yu~~~~nent and pe~tonalty co.ared Ly fhi~ ma~p•
e~e, with •11 pramiums therron pe~d ~n lufl, f~re mwr.nce ~n the ~iva! s+a~Kio~d ~,o:~q torn, m a sum sypro.ed by the MvK~v:.GEE, o:~d windi~o~m
~ns~rante in the uiual srendard policY ~wm, in a sum eyNroved by the MORTGAGEE, in fuch canpany or co~n;%an:as as ~?~a 1.10RfGAGEE may
d~~rc~; and all fi~s and winds~orm imurance poiicies oo a~y o( s~~d b~~id~~~gs, any in~eiest the~ain or part thereof, in the ayg~cyat0 !wn afore~a~d or _
in e,ecess Ihrreof, shall centain the usual s~anJard mor~g~gae ciavse o~ wch mhui cia~se ~s ~he Mortyagee mey requ.re, n~al~ny the Icaa unJe~ s,,,J poli-
c~es, eath and every, p.iyab!e ro said MORTGAGEE as :ts ~mer~st may aNpear, and ea;h .:nd eve~y w:h po ::y ~haU t~e p~w~~p~ry ass g•~~cl a~~d d~5.urcd ro
en~ hetd by ssid MORT6AGEE aS fur~her sttwity to said mortgage debt, and, not feis than 1en (10) days in advan~e oi the exp~ro~~on ot eath Not~c~, to dr
I~~e~ ~o taid MORiGAt'ifE s renewal thereof, roge~IMr with a receip~ for the pre~ni~m ot such renewal; and the~e fhalt be no fue or winduo~m insurance
placad on any of said buildiogs, •ny enler~~1 the~ein o~ Fart therrof, un!ess in ine lcrm a~~d w~~h ~}~e Ioss payab!e as atoresa~d; ~nJ in ti:e e.r~~ any sum
of money bccomes peyable unde: such poliq a poGcies seid MORiGAGEE ahall havr ~hr opUOn to recerve a,xl appty the w~ne on aao~.» ot the iuuebtrd-
nrss secured hereby or to permil said MORTvAGORS to recrive and use it or any p~rt ~n•r:.~~f fcr oti~.~. Furf•cxa. v..m.;,~ ~h ,;r r.,µ..~.-
in~ any ~quity, lir? ot righl undar p by virtut of this mo:!gage; snd in Ihe evenf said MO~IGAGOR$ shall Epr any reason fail to kcep rtic said pre+n~srs so
msured, or fail lo deliver promptly ~ny of said polities of inw~enca to faid A50RTGAGtE, or fail promptly to pay futly sny p~e~ni.~ n thc~elor or in a~~y
irspect fail lo perform, discharge, exetute, attect, ca~:plete, compty wi~fi and ab'vJe by this cove~an~, a any part haree,f, sa~d MORTGAGEE n~ay placr a~d
~+y fw such insurance or sny psrt thereof w~thout waiving w aftecri~;g any eption, fien, equ~ty, or r~ght ~nder or by virtue of th~s Mcrtg~ge, and the _
!..!I amounl of each and every svth paym.ent shell be im~ned~a!ely dve and payab!e a~~d shal! bear interest from the da~e thercof untii p~~d a~ the rate ol
~~r~r per ceatum per annum and ro~ether with su:h interrs! shai! t>e s~cvr..~d bp the lien ol this mortgaga.
4. To pennit, commit or sufier no waite, impairment or detrr~orat~on of sa~d p~opcrt~ or any part therecf.
5. To pay all and s~ngulsr the cosb, charges •nd expenses, ~nduding a re~sonabte anwney's fee and ccst~ oF abstraus of titfe, inwr~ed or paid at
,~,y time by said MORIGAG:E, because or in the evero ol the ia~lure an ti~e part of ~t:e said h50RTGAGOR to duly, pro:cptiy and f~Uy perform, d~scharqe
a.rec~te, eifett, complete, comply w~th and eb;de by each end every the st~pu!a~,ons, agreements, tondit~ons, aad covenants of se~d prom;ssury ncte and th~s
,.o~rgage any or eilher, and sald costs, chargcs and expenses, each and every, shai! be immediate~y due and payab:e; wfienc~~ o? not there be no~~ce do-
~::,r~d, attzrnp~ to coll~ct or suit p~nd~ng; and the full amount ot each an~ every s~th payment shali Dea~ interait irom the date the:eof until peid at the
- r~ o~ nine per crnoum per anuu:n; and a1~ said costs, chargrs and ~•acenses ~rxuuad or pa~d, toye!f~er ~v~th such in!erest, shall Ge secvred by the I~en di th~s
mcrt9age.
6. That (a) in th~ e+ent of any breach of this Mortgage or defa~tt on iM part of the MORTGAGOR, or (b) in the event any of sa~d s~ms of money
he.ein referred to be not promptly and fully paid within th~rty (301 days ne,~~ a~ter the same se,era!:y become due and payabte, wilhoui da:rnar.d or ~ence.
or Icy in tht e~ent each arsd every the stipu~ations, agreemeMS, conJ~ha~s and cuv~nan~s of sa d F:romisso~y note and th~s mortgage any or e~~her are not
-'-•r, F~omplly and f~ily perfo+med, d~schargrd, e~ec~trd, eftectrd, comp;eted, cem~,~~ed .V~1h a~d aNided 5y, then in e~~her or any such eveN the sa~d ag~
~•~9a•e sum mentioned in said promessory nure then ~emaining unpaid, w~rh [r.!rrrsl accrued, or~d atl moneys secured hereby, shatl Cecome dve and pay
..,,.e forthwith, or thereafter, at the option of said MORTGAGzE, as fuily a~~ co~,p:ei.;~y ai~ii a~l of thr said wms of money were ong,naily s~~p~;ated
~:~e pe:d on s~ch ddy, anything in sa:d prom:ssory note or in tt,~s Me~sga~e to the conuary norrv~rhsrand~ng; and there~pon or thereafter at the opt~on o1
s~::t A10RTGAGEE, without n~nce or den~and, a~rt at !aw w in equ:ty, therefore o* ~her~at~er be9un, may be prosec~ted as if all moneys tecured hereby
~_a maWrcKl pnor to ~ts institution.
7. Thaf in the event that at the begnn~ng ef or at a~y time pendrg any svrt ~,:::n this A"ortga~e, or to foreclose it, or to reform it, or to enforte
. •.ent of any ciai~r.: hereunder, sa~d fd"JRTv:~'v:r sha!i a;-ply to th.~ Co,:•~ haf~~~g ~u-~~d.r:on tF.ereof for ihe apparomeht of a Receiver, such Co~rt :ha~l
r'`~:J~th apF~oinf a rece~+er o} sa~d rnor~ga~rd E,repc~ty ai: a.^.~ s~ngviar, inc:~d.ng o:: a~:~ sr,~3~+ar ti,e inton~e, prof~ta, ~ssuCS and rrvenves (rom whatevet
~e de~~ved, each and every of wh.ch, ~t be~ng c~ep~ess'y „~~drrs}ood, ~s 're«~y ~~~o~~-~:~~ad ss if spec.ficat~y set foreh and desuibed in the graroing and
'~!:_ndum dauses hereot, and such Receiv.r~ SF7311 have afl the br~ad an~ rffec!.ve i~rcro::s and powe:s in anyw~se eNrusted by a Co~rl to a keceiver, and
appoimment shaL be ma~e b~ suth Ccurt as en ad++ittrd equity and a~na~ler ci 3t;r.;iute ~iyht to said M.ORTGAGEE, a~d vcithcut reierence to the
;_,~u;ty a inadeqvacy of the va:~e of rhe p~cperty mortgaged or to the so..c~cy ~:r ,:..::vency o1 sa~d MORTGAGOR a the defendams. a~d ~het sucti
.:•,fs, profas, income, issurs and reven~es shajl 6e appi;ed by such Recei+er accor;.~.~,g +u ~he tien or eqwry of sa~d MORTGAGEE ard the practice of s~ch
l J'Jfi.
B. To duty, prompr:y and ful!y perfo~m, d~scharge, execu~e, effa~t, complrte, c.~r. µ!y ~nith and ab~~e by each and every the stipulations, agreements,
~,i,~n~ and covenams :n sa~d promissory nete and th;s mo:rgage srt forth.
9. Tnat in rhe event tF.e ownenhip of the mortgaged ~»em:ses, o. a~~y part thc.ecf, becomes vested in a person other than ihe MORTGAGOR, the
•"~~GAGEE, i~s successors and aasigns, may, wi~hout nct.ce to the YORTG~CR, dcat wnh such succrssor o~ successor ~n imerest w~rh reference to th~s
•y~gr and the deb~ hereby secured in the same manr,er as w:~h hlortgagor wnkout in a.~y way vit.ating w d~schargfng 1he Morsgagors' IiabJity herr
~,r or upon th~ debt hereby sra~red. No saie of ~he cre~n~;es h~•~eby mortgayed ard nc forbearance on the part of the IdORTGAGEE or its succesiors
:-ss gns and r.o extension of the time for the peyniem cf the debt hF~r_by se;ured gisen by the MORTGAGEE oi its successors or ass!gm, a~~afl operate
~ re'ease, d~scharge, modify change or affect the or~g~na~ licu.i:ty of tne MORTGAGOR herem, either in whole or i~ part.
i0. It is speuf~caiiy agreed thai time ~s of ti:e esse~~ce of th~s contracr and that no waiver of any etffgar~on hereunder or of the ob!igation se-
•.-d hc:eby sha:i ar any time rhereafter ue hc~d to 6e a vf~iver of the terms hereof or of the ins~rumem secured herby_
11. (~i acid.t;c.~ to the forego n~ ~~:o~ +i,'y pay~~_nts of p•inc pat and i,ieres~ reqv:r_d by the prom sscry ne!e secured hereb~, morigagor eovenants
d agrees to pay to mortgag~e with ea.h mon!h!y pay:.~enr an acf~riona: sum es- ^~areJ b7 mor!gagee to t,e equa! to 1 i i2 of the annual cost of the follow-
A-All real Nroperty taxae ienee' o~ ass•.sied aaai•~st the acove desai~cd rea~ ^stare.
~-P~~•n::;,~~,s en fire and w:nds~~:~*• irsur.,~ c_ os n,~e~~ ~^q;.red to be ca•~~cd o rne a>-,r~ovements s~tuate on the above dsscr~bed premises.
C-Pre:n~u.r,s on s~ch rr:artg-ne guaran:y ir.sura, ce as mprtyayc•e sha:i frcrr ~~^E TJ t~~ne cieem fit to carry on the loan secured hereby.
htortgagee sha'! from ri:~e to n~r.e no+~fy mortyagor in wr;t~ng cf tF.~ a~•o.~t d~e and payabte hereur.dar and such sum sha:f thereu,~on be due and
; :,~e on the d~e dat= of the next monthiy paym,^nt a~~d edch s~ccessive :r.or:tfi ti,•~;eaf~~r ur,hl mortgagee shat! not;fy mortgagor of a change in such
um. Soch sums sha'~i be appifed by mortgag~e to.vard the payment of rea! property taxes, insuranc? prem.ums, and mortgaye g~aranty insurante
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~ IN 1'YITNE55 Y~HfREOf, the said MORTGAGOC has he~eunto set h~s har.d and srol the day and year f' st aforesaid.
~ Signed, Sealed and delivered in the ptesence of: ~ ff~,
' ~ /~C~'L, ~J ~..+~~G J C C~
' F~~~l~ _v . :Eti~•~~1E0 1 .(Sean
~ --_-~s1~'~ a~r_ St.tii;.,~ ..~tt~v~Y flA. . a~ ev
' {tp,r.= . • 'RAS . (Sea4
~ ~~C Q r~F:;K ..~.U:: ~~tlRT~, aroZ yn .v ai ey (s~aq
' - ~ ~ ^ I` - ~ c : - - ~ (Sea l)
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~ .',.+E OF FLORIDA ~ u. APR 3O ~ 2~ 1~' 1~ 3~~~1s
~ ;'ITY OF --~~_~UslE-' ~ ~
~ Befcre me personafly appeared _ COC~y I.. itailev
~ _ ~drO1V1'1 Rdlley! _ hts wife, to me well known artd known to me to be
~ individ~ats described in and who executed the forego~ng instrument, and acknowiedged before me that they executed the ~ama for the purposei
E +~e•^~n expressed. And the sa~d_- rarolyn R111ey
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~ ~e of the said _ C O(iy . fl a 1 lE-'y , upon a separate and priwt~
~ narfcn by me taken sepa.ate and apart from her said husband, ackf.owtedged to and before me fhat she eaetuted said i~s!rumem freely and votuo- `
~ ~ and •~r~thout any computsion, cor.straint, apprehens~on, or fear of or from ber said husband.
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~ WIiNESS my hand and offiual seal th~s__ ~~th day of`--- Aprll A. D. 19 7~
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: ti << ~ ~ :
~ ~~'1 t i " .1.
_ Notary Publtc in' end fn~ the State of Florida et larye
My Comm~ssiori expires:
a Return To:
. H01~/y ~'u;'.!iG, ~!n}^ ~t n,'.r.. ~ ~.~.r-~
F:rst Federal Savir.gs 3 Loan Association _
Of ~ort Perte. My Ce.m+i:-ion F~~:t-- .
r 6or.dc~ :y A.r._:.:ot t.:c'L G.;~_.:f :p.
~ Fort Pirrce. Flurid+
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- This Instrument Prepared ByGary F, F_llwooc~ -
First Federal Savings & Loan Association ' t~-' ~
of Fort Pierce, r lor ic~ a - -
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~ Checked By ~ R _
~ 800K ~9 PAGE ~ ~
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