HomeMy WebLinkAbout0126 3. To plsc~ rnd continvou~~y keep on the bui'din~s now or hereafter ~itwt~ oo iaid land and on all cquipn~m ~nd personally covered by this mort~-
ege, with ~U prom:~rra the~eon pa~d in tull, }iro insurancr ~n fhe usual seanda:d ~nlicy form, in a sum approved by ~he MORiGAGEE, snd windsrorm
~n:uranc~ in tt» uswl t~~nda~d polky iwm, in ~ wm ~pprovad by ~M MOR~GA(~kE, in auch canpany or compa~ies ai the MORTGAGEE m~y
d~rect; ~nd all fue and w:ndatwm inwranc~ policiet on •ny of said bui~d~nys. any intaeti~ the~tin or pa~1 ther~of, in th~ a99reyaq wm aiarsa~d or
~n excas Ihereof, shall con~ain the uswl ~tsndud mwtga9ee ciauss o~ such other cla~ie ss th~ Morty~gee may requ~r~, ma~irp tM 1ws under sa~d polF •
ues, exh s~d eve~y, payable ro said MORTGAGEE a~ ~ts intcretl may appe~r, and each ar,d every auth policy thall be {uompUy ~ss.gned a~~d deiive~ed ~o
any he{d by u~d MORTGAGEE as funne~ security ~o said mortyage dabt, and, not leu than ien (10) days in advaoce ol ~he ~xpiration of each poGty, to d~-
t~~er to said MORTGAGEE a renewal thereof, togelhN with a receipt fw the premium of such renewal; and there ihall b~ no firo or winds~orm insur~nc~
p;eced on aey of said buildirpf, any inter~st therein or part thtrepf, unles~ in the ~o~m and with ~M loss payable as afore~~id; and in the. event any sum
of mon~y becomes payable under wch polity o~ policies uid MORTGAGEE shall have ~he opt~on to receive and apply fhe same on acwuM of ~he indabted-
ceu st~cwed hereby a to pe~mif s~id MORTGAGORS to reteive and us~ il or any part th•~reof fo~ o:her pw,:oses, v.~~hout ~h~reb~ wai~:ng or m~pair-
~ng any eq~~ty, t~en a right under a by vittue of th~s morsgs~e; and in ~he ~vent sa~d MORTGtiGORS shall fw ~ny reason fail to keep the ~aid ptemisr~ so
ins~red, or. fail to tk~iver promptly ~ny of said pol~ciet of insurence to said MORIGAGEE, or (ai! promptly lo pay tully any premium there(w or in a~y
respect /ail fo perform, dlscha~ge, executt, effect, tompiete, comply with and ab+de by this covenant, p any part hereof, said MORTGAGEE may place and
pay fw such insurance o? ~ny part thereof without waiving a a(tecting any opt~on, lien, equlry, or ru}h~ undcr a by virtue of this Morr9sgs, ~nd fhe
F~II amounl of each and every tuch payment shall be immedialely due and payable and 3ha11 bear interesl trom the data thereof uneil paid a1 tt?e rate ol
~~~~~e prr cent~m per snnum and togNlcer w~th such interest shall be securrd by the lien of this mo~tgage.
To permit. commit o~ suNer no wasta, impairment w deterioration of sa~d propcvty or any part Ihereof.
5. To pay atl and ~ingulu the costs, chsrges a~d expenses, inciud~ng a reason~ble attorney's fee and costa oI abstratts of titl~, incurred or p~id st
±n~ time by said MOkiGAGEE, because w in th~ event oF the faiiure on the par~ of ~he said MORTGAGOR to duly, prompHy and fully per(am, d~uherge.
:-Yec~re, e(fect, complete, comply wi~h and ~b:de by eath and every ~he stipu~af~ons, agreemenu, conditions, and cove~anrs of sa~d p~o~.~~sso.y note and th~i
r.cr+gage any o~ e:ther, an~! u~d costs, charges and expenses, each and every, ahaU be immrdiately due and pay~bls; whethe~ o? nol thert be notite d~
~~,~nd, auempt to cotitct u suit pend~n9; and ~he full artwum of each and every s~ch paymcnt atwll bea~ interest from the date tMreo! un~il paid at the
o= n:ne per crnwm ~~er annum; and alt said cos~s, cha:ges and rxpenses ~ncuued p pa~d, together w~th such interest, shail be secured by ths lian of th~~
~r o r rgage. '
6. That (a) in the evenl of any breach oi thii Mortgage o? default on 1he part of the MORTGAGpQ, pr (6) in tF~e eve~t sny of said tums of money i
hercin referred to be not p~omptly and fully paid within thuty (30; daya oew~ atter tne se~ne sevcra:ly become dve and payable, without demand w notite,
or (q in the evcm each and every the stiputatio~s, agreem~nts, cond~~ions and covenanrs of sa:d p~om~sw~y note and 1h~s mortgsye any or either are not
i::iy, prornptly and fuity perfamed, d~uAarged, eaet~ted, effecred, complered, comH.:ed rr~th and ab~ded by, then in either a sny such event the sa~d ag-
~regate wm r.unt:~ned in said promissory nore the~ remaining unpa~d, with inre~est accr~ed, and ail moneys setured hereby, shell betome due and pay-
an.e futhwith, M Ihereafter, at the option of said MORiGAGEE, as fully and comp!ete:y as if all of the said sums of money were pginalty stipulated
ro be pa;d on a~ch day, anyihing in sa:d prom~ssory ~ote u in this Mwtgage to ~he contrary notwithetanding; and thereupon or thereafter s~ rhe opnon of
sr.d MORTGAGEE, withovt notice or demand, suit at law a in equ~ty, therefore or ~hereafte? begun, may be profttuted as if all moneys secured hereby
r,,d mat~red pnor lo ~ti institution.
7. That in the event that at the beginn;ng of w at any rime pend~ng any su~! vpon this Mortgage, w to ~oretlose it, or to reform it, or to enforce
~.~yment of any claims hcreunder, seid MORTGAGEE shail apply to ~he Cou~t hav~r~y ;u:n~,a~on therrof fw ~he appaNrtsent of a Receiver, such Coun shai)
i„-rhwith appoint a rece~~er of sa~d mortgaged property all ond singular, irzc:uci.r~ a~i a~,d s~ngu~ar the income, prolits, iss~~es ar+d revenues from whatever
s:.,•ce derived, eath and evcry of which, ~t being expressly undenrood, is Rereby mG'~~e~l~ as if spec:ficady se~ farh and dewibed in the g~anring and
i~bendum cia~ses hereof, and wch Receiver sha~l hevr all fhe broad and efFea~ve f~•ncr,o:u and pawers in anywne entrusted by a Court to ~ Receiver, and
s.ch appointmrnt aha{I be made by suth Ccu~t as an ad:nittrd equity and a matrer oS absoiute right to said MORTGAGEE, aod without reference to the
eci•:yuacy w inadequacy of tNe value of ehe p~openy mor~gaged o~ to rhe so:se~cy or ~~u~:vency oi sa~d MORiGAGOR-er 1he defe~dants, and tha~ such
•_:~~s, profits, incare, iasues and r.venues shall be appned by a~:h Receiver accord~~.~ to the lien or equity of said MORTGAGEE and the practice of suth
Court.
8. To duly, promptfy and fuliy per(u.m, d~scharge, execu+e, c(fect, complrre, coR~nly w~th arsd abide by each and every the s~ipulations, agreements,
.;;rd~t~ons ar.d covenants m sa~o promissorj note a:id this morrgage srt forth.
f
9. Thar in the eve~t tne ownershIp of the mortgaged prtmise~, or any part thereof, betomes vested in s perspn other than the MORTGAGOR, the
t"RTGAGEE, its s~aeuors ar,d ass~gns. may, without notice to ~he MORTGA:iB, dea: with such succeuo~ w successor in interest with reference to this
:-~gaye ar.d the deb~ hereby securtd in the same manner as w:!h tJlurtgagor withovt in any way vitiating or d~xharging the Mortgagori liability here-
or upon the drbt hereby sec~red. No sate of the prem~ses hereby rno~tgaged and no forbearente on tF~e part of the MORTGAGEE w its wcceuw~
r.svgns and no e,~tens:on of the time fw the payment of the debt hereby secured grven by the MORTGAGEE or its successws or assigns, shalt operate
~o re~ease, d~scharge, mod:fy change w affect the original l~au~:~ty of the MORTGAGOR herein, either in whole or in part.
10. It is speuficaliy ag+eed that t~me is of the essence of th~s contract and fhat ~o waiver of any obtigat~on hereander a of the obligstion se-
cu•ed hereby shalt at any time thereafter be held to bc a wa~rer of the terma hereoi or of ttx instrumeM aecured herby.
1 t. In add.t;o : ro the forego ~~g monrh:y paymer.ts af princ pai and ineerest requ~red by the prom~ssory note secured hereby, mortgagor eovenams s
d agrees to pay to mortgagee wiih each monthly payrnent an add:r.u~a1 aum : st:matc<! by mortgagee to be equal ta 1/ 12 of the annual cost of the foUow-
' }
A-All real property taxxs tes~ed or asses:cd agai•~st tn~ abore descr;~~~ rcal es'ate. ~
B-Prem~ur.:s on fiie and windstorm insuracce as fierein rcq~'red to be carried o~~ the improverne~ts situate on the abpve destribed premises.
C-P~e+r~iurns on wch rnwtgage gua.a~ty ir.suracce as morrgagee shail frcm ~.r:e fo time deem fit to carry on the Ioan secured hereby.
Mo?~gagee shait frorri t~me to t~me notify mortgagor v,r~t~ng of the amount dve and payable hereunder and suth sum shall thereupon be due and
,~b!e o~ the due ciate of the next montF.Ey payment and each successive month tnereafter ur,til mortgagee shall not;fy mo~tgag///or~~~ of a change in such
,unt. $uch aums s1:a4 6e applied by mortgagee toward the payment of reai property taxes, insurante - m:ums, a~x/ mwtgggeeeggg~~~ guaranty insurance
. .:,~.~~ms. ~ ~ ,
IN WITNESS 11HfREOf, the said MOR:GAGUR has hereunto set his hand and seal the day a ar (irst a e ~ f
` igned Sealed and delivered in the presence of: ~
' a~3 FI~fi1 y'~: L~v~1~l~ED ~ . (
; ~T. WC~f C:iUMIY f~~• ,~j
; _ p~;;:. ~~}~~P,~S ~ Ro ert L in a sin a~y~,dtllt
' ~P~. ~ COURT'~
Ci..
~ - RFrfi: :,'~'EC.~..~..~~ -(Seal) _
i --!Seaq
f `-:.TE OF FIORIDA 1 M~`_--~ -'O 3v h~~~~~
~
~ -:u~~rY o~ St. Lucie _ j
~ sefa~ ~ personally appeared - ROb@YL L. Eppelein, a singie adult
~ Nswife, to me well known and known to me to be
~ ind:vidual described in and who executed the faregoir.g instrument, and scknowiedged betore rt!e that he executed the same fw the p~rposes ~
€ rF~.•ein exprcssed.~GnJlha.tiid
_ ~..fr.a4~t~rid - +r'ow.~s~arrl~iod.{~~raM
i 4..~:oat~aby.~ykeos~parat~iad~+pact~.faaQrhe~aaid~Frnbard..ack~~ri~~d..~a~aci.F~efKS~e.tl~at~+e~:~.~rdirrtuw~fr~eiy~dyoiuo..
~ .~,~.:y.aorL~ri~~~y.~aw~uiw~.o~rK~+~?~p~ei~~nr~~a~.S~ar.o6~s.f~o~?.I~er.Midiirsi~swi
~ WtTNESS my hand and offic~al seal this- _~2~_ day or.__ APril , A. D. 19 7~
s /J.
• Notary Public in end for the St of Fbrida at Larye
My Commiu'wn expires: '
Return io:
- Ffnt federal Savings a loa~ Aswciatdon
Of fort P~erce. N~r ~M~ ~ fM~A d~~l~
~ Fo.t P~erce. Ftcr;d, My ~minisrew E:p+~~s
j .
br 1L~criccn fin ~ Cosvolfr G: ,
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; ~ ~~~~N1111NJ1~~~ '
£ This Instrument Prepared By ~ i2c~ert k. SwisheY Jr. ~l~ ?;S~~i
: ~ y~ ~c ~
; First Federal S~vings & toan Association -5 ; . . ~
t of Fort Pierce, Fior ida 33450 ; o~~ fl n~';~f
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