HomeMy WebLinkAbout0370 J. To place and continuously keep on the bu~:dings ~ow or hrreafier ut~ete on sa~d lond and on ali rqviy~nero and personatly covered by ~his matg-
ege, with all premiums thercon pa d~n i~!I, fira ins~~en.r ~n ~he uw~l ste~xio~d ~:o:~c~ form, ~n a sum aHNioved by the MOK~C,;.GEE, and w~nJatoim
msunncs in Ihe uswl stan~ard pol~~y form, in a sum approvad by the 6~ORTVAGEE, ~n such co.apany or tompanies ~3 the MORIGAGEE may
d.rec~; aod all fire and windsrorm in~urance posic~es on any of ~a~d Iw~id~ngs. any in~erost the~r~n or part thereof, in 1he agyreyatcr s~m aforesa~d or
1n extrfs Ihereof, itall contai~ the usual standard mwrgagee ciauae or such othar d:~~se as ~ha Mor~gagee may requ~ro, ma?ing 11ee toss unJer ~a~d poli-
c~es, each and every, paYab!e to said A10RiGAGEE af ~~f imarrst may af:}xar, arid ~•ac1, <,nd eve~y euch po ;c~ ti1~o~1 be promp~ly ass gned a~~d daL~ered to
eny held by said htORfGAGEE ~s further sec~r~ty to said merlyage deb1, and, not tess ~han ten (IOi d.,yi in ad:ance of the eapuot~on of each puLty, to dr
Gver to said MORTGAGEE a ronewel thereoi, together a,i~h a ~eteipl (or the prem~um of such renewal; and there shafl be no iire or winds~arm iniuronce
pleced on anp ol said buildings, any interest the~om or part tl.erroi, ~nirss in ~he (onn a~d w,~h ~he ~os• paYai,le as afo~eiaid; and in thE e~en1 any aum
of monay becomei payable under suth potity w pol~cies teid MORTGAGEE sh~i1 Aave ~ha opt~on ~o recN~~•r ~nd appiy the satne on acco.in~ of the i~xlabted-
ness aecurrd hereby o~ to permil said MORiGAGORS to rcteive a~~.~. use it W any ~i~-aeo! to, oci:• . 4~r~ ~sel. .•.Aho,:t fh ~r~ o; .ve:.~ ,3 p~ ~~~:p~~r-
ing any equify, lien a~~yht undrr a by virtue of Ihis mor'gage; and in the event sa'd.ASOSI~ :ORS shaU fw any reason fail ta keep the sa~d pre~nises so
insured, or fail ro del~var promptly any of aaid policiea of insu~ante to sad MORTGAGEE, or fa~~ promptly fo pay fu!fy any p~emi~m thcrefor or in any
reepecl fail to per(orm, d~scharge, eaecute, eFfec~, compteta, comply wi~h and ab~da by ~h~s covena u, w sny part herco(, said NORIGAGEE may place a~d
pey fw such insurance or any part lhrreof withouf waiving o~ affacting aay opt~on, li~n, equ:ty, or ~~ght under or by virtus of this Alongage, and the
1v'1 amo~ot of each and e.ery such paymero shatl be immedlately due and payab~e a~~d shell brar i~ve~est from fhe date thereof until pa~d at the rate ot
n~re per centum per annum and togrth~•r wnh s~ch interusr shall t~e sec~r=,d by the lien of th~s mortg~ge.
To pem~it, commit w sufirr no waste, impairr:,enr w dere~~oror,o~ of sa~d propcrtf o~ sny part the~roi.
S. To pay sll and singular ihe cost~, charges and eapenses, includ~~~g a rrdso~iabie anorney's foe and costs of abstrau• of title. incurred or pa~d at
jny ~;me by aaid AiORTGAG:E, betause o~ in ehe event of the i~~lure on the ~art n! ri,r ,:::d 1~1pRTGAGUR to duty, p~omptty and fupy pe~form, d~scharge.
~Ye.~te, effed, complete, ton+ply w~th and ab.de by each and eve.y the st;~x,lae.ons, agrr<<,~ents, cond~tons, and covenants o( sa~d pranissory note and ih;s
~,..~~rqage any or eirher, and sa~d costa, charges and expenses, each and every, s!,ail be ~,,:n,rdiately due and pa}<~:e; wherher or not there be norice dr
n:~nd, attempt to coltKt w suit pend~ng; and the 1u11 amount of each and eve~y s~ch payn3~nt shali bra~ int~rzst from the date thereof urtil paid a~ the
oj ~ii~ie per crntum F~cr an~~u:u; ~:~c: aii aa~d cosrs, ine~ges ond ex;.enses ~nc~~r~d e~ F.a~~, ta~r~her w.th such irtterest, ~hall be secured by the hen of th~s
mortgage.
6. T~at (a) in the event of any breach of this Mortgage or defaul~ on the ~art of the MORTGAGOR, o~ {b) in the event any of sa~d s~ms of money
here~n rofcrred to be ~ot pron,pt{y and fully pa~d v~ithm th~rty l30) days nexf a~ier Ti,e se•»e serere;ty txtomr due and payable, w~~ha;t demand or not~ce,
~ r!c) in the event each and every the stipu~ations, agreements, cor.d,T~ons and cove~~enrs of sa.d pronussory note and th~s mortgape any o~ either are not
i~:;y, prompdy and fuily performed, duha~g~d, e~ecured, effected, co~.pie~ed, co•~•.i:..e:! v.~th ~rd ah~ded 5y, then in d~her or any such event Ihe sa:d ag
gregate wm mennoned in said prom~sswy nott then remaining unpaid, w~7h i~~terast a.c.~..~d, and ati moneYS setured hereby, shall betome due and Fay
e fort6.~ith, or thereafter, at the opuon of sa~d 410~2TGAG~E, as f~iiy a•.d .omN ~rr.y as ;f a:l of ~F~E sa~d s~ms of money were origi~aily st~p~7ated
o he pa~d on suth dey, anytl:ing in sa.d prcm:ssory ~ote or u~ this A:crtgaje to tn~ co~~t•e•y notr;;ti.st~nd~ng; and thereupon w thereaher al the opt~on of
s,.d h10RTGAGEE, w:rho~t nor,~e or demand, suit at tow a in eqo~ty, therNC~e o~ tF..r.•ahr. b~•gun, may be prosecutrd ss if all morteys secured hereby
n_d matured pr;or ta ~ts inst~tuLOn.
7. That in the event fhat at the beg:nni g ef or at any r.me pend•~ g rny a;,•: :;p~o th~s Mortgage, or to fore<lose it, or to re~orm it, or to enforce
~•~.••~ent o! any ciaims f~creo~der, soid l:1C~Tv::vct 3~:3i~ cj:~;I~ to the Ceurt ha:~~•3 sd.cr;o~e ~ne,eot for rhe appantmem of a Receiver, such Co~rt shatl
~..••~a~th appoint a.ece~-er of said mo:taa~.d ;,rc~:•_ •ty al; and s~~~y•~!ar, icc ud •:g d s: ~gu~ar ~he income, proLts, iss~es and revenues fran whatever
s. ~•ce de:ived, each and eve~y ot wh:ch, ~t :K~.,y ~.p+e•ss.y undr*s~ve;d, ii ~rreby n c~ry.~y~d as =F sFecif~tally set fwth and deuribrd in Ihe grenting and
i•si.endum dauses hrreof, ard sucA Rrcriver shaii F,a,a ail ~he 6rc;a~ a•.d llf~C~::f• S4"L~ c~: end po:tiers m anywise entrusted by a Cou~t to a Receiver, and
s:h appo;ntme.» ihall be made by ~v:h Ccurt as an ad:r~i~reci rq~i~y ~r.d a rr~ne. oT so•~fe r~9ht to said MORTGAGEE, and wirhout reference to the
..:_•~:racy or i~adeq~acy of the va!ve ef rhe properry mongaged ~r to ~t~> so.1e~:cy ,.,.c~vrncy of aa~d MORTGAGOR or the defendants, and that such
~s. prof~ts, incon+e, issues and revenues ahai~ ba app:~ed by such Recc+ver ac:ora:,~~ ~o rhe lien w eq~iTy of said MORTGAGEE and the pract~ce of such
Court.
B. '.o du!y, prompt:y and fu!~y perform, dncharge, execu~e, eifect, comp;rte, co~r.p{~ uv~~h artd abide by each and every the stipulations, agreements,
_~~d~t~ons and cover~ants .n sa~d p~omissory no:e ar,d th~s mortgage set forth.
9. That in ~he eve~t tfie ewnrrshlp of the mortgaged prem:ses, o. ~ny part thcr=_of, betomes vested in s person other than the RAORTGAGOR, the
:-RT(3AGEE, l~s successon and ass:yns, may~ N'~tIlOJ1 r.o~tc to the ;;.CRTGAOx, dcat v..rh wch successor or succeasor 7n interest w~th reference to this
rgage ar.d the d_b~ hereov secured in tn~ same r,anrer as wnh 1do;rgaqar x~~h~~i ;n any wy viuating or d~scharging 1he Mutgagori lia~ility herr
ri~•r or upon the debt hereb~ secvred. No sa'e of the Frem~ses he:eoy mo•tgaged a+-d n•~ forbear~~~e on the part of the /AORTGAGEE or its suctessors
~ss~ghs and no eatr~s.o~ of rhe s:~ne fcr the paymen~ of rP,e ~rbr he•eby secu~eH g~+~n by ihe ~AORTGAGEE or ifs successors or ass~gns, ahall operate
ro re~ease, d~scharge, mod~fy change or af!ect ~he orig.na; I~a~:i~ry of the MGFTGF.GOR here~n, either in whole w in parl.
10. N is speaficatly agreed rhat t~me is of the esse^ce ef !h:s co•~+racf ond ~ha~ no wa:ver of any obl+gat~on he~eunder q of the oblgation se-
c:,red hareby shal~ a~ a~y time therezf;es be he:d to be a wa~~er ef the term.s hercwf or of the instrument secured herby.
U. In add.t:ch ro the eorego ng mor,th`y ra~•n_nfs of p.i„~ and i^f~•res! ~eq:, «d 'oy the prom;ssory ~o!e secured hereb~, mortgagor covenants
d agrees to pay to mortgageo v.~!h eac~+ rr.on+h'.y ra~+,.e•,r an ao-i ~:ona( sum rs~ ^~a~ed by mortgagee to be equal to 1~ 12 of the annual tost of the foliow-
A-AU real property tj,ces leiied or assessed ag3i~st th~ above descnbed reaf estare.
B-Frenuums on f~re and vi~nds*or~n ir.s.rracce as nert~'n req,;.red so be c.:rr~ed e~ th~ [e,~rovements sitvate on the abeve described premises.
C-Premiums on such mortgage guaranty iCiUEn~:C~ as eno•tgagee shal~ from t:me t~ :i~ne deem fit to earry on the loan sewred hereby.
, Mortgagee s'+a~l frum tirrir to time nor+iy mcrtyagar :n writ,ng of tne arro.,~t d~^ and payabte hereundrr and such sum shall ehereupon be due and
, ~b!e on the due oa~e of rhe nrxt montF'.~ pay~.:ent and e:,ch wccesa~ve mo~,~h thereaf~~r ur.til mcrtgagee shalt notify mortgag~r of a change in su:h
, ount. Suth sums sFa:t be ppp~ied by mortgag~-e tchard tne payment of real property taxes, insurance prem~ums, and mortyage guaranty insurartce
. . : ~ iumS.
IN L'~IiNE55 YlHEREOF, +he sa~d MORTGAGOR has here~~to ser his har:d and sra': the day ar.d year first a4oresai .
I Signed, Sealed and defivered in the presence of: ~ ~
' FilEti ~r_ ~~t?:cAfO '
~ ST_ tjJ~~: '.y:!N7T rLA. ' Sesq
_ ' pC_.- - -=:e~ ~ S ven L•o is
! ~L~F? ' CCURT ~ . (Seal)
: - . ~ - . I ~ - - ~ ~ ~ ~ (Sealj
~ _ ~ ~2c.--sy'- ~s_-- Ruth Lo111S (5eaq
; _ E OF FLORiDA ~I ~ ~ ~+1 ~ ~ ' • ~
t ~
~ - - ;~~*Y of St. Lucie
~ - ~ 3~'7230
~ Befo~e me persor.a~ly apaeared SteV@il I.~ j.0],Z1S
- and
4 Ruth Lollis
E - his wiie, to me well known and knovvn to me to be
4 ir~div~duals desu~ced in artd who exewted the foregoing instrument, and acknowledged before me that they executed the same for the purposes
~ r`_=~ein exp~essed. And 1he said RUt~'f j.OZ11S
; of the said Steven j.~ I.Oli15 upon s separate and private
~ •.~~:nation by me tak~n separate and apart from her said husoand, a.know:edged to and before me that she eaecuted said instrument freely and volun-
, and w~rhout any c«r.pvision, <onstra~nt, a~prehens:ep, 9r fear of or iram her said husband.
~ WITNESS my hand ~nd offiual seal th~s_ _~J!~~ _ day of_~___ q_ p_ ~q 75
!
~ Notary Public in and fo t e State of florida at large
~ Return To: My Commission expire
a F~rst Federal Savings a torn Assx;atlon t
~ Of Forr P:e•ce. NOfary ~Rt, 5101~ O( d(p~
; Forr Pierce. F!crida My Commiision Eapir~s p~e, 3p, 1976 , ~
; ea~d~d by Mw?icon Fr~ a Casuolfp C~, .,~,~~";::::r`'~~:
~ ~
% - ~ ' . ~~i.
' This Instrument Prepared By Robert A. Swisher ~ Jr. ~ r.`~'•:`~:~ ~
i _ J'
First Federal Savings 8 loan Association -
? of Fort Pierce , Florida 3345n 3,.,,.--- '
s Checked By _ U k J -
: ~~~x239 PAGf 3S9 . _
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