HomeMy WebLinkAbout0509 3. To place and cominuously keep on the bui!dmgt now a hereaftrr ~ituate on sa:~ Isnd ~nd on ai{ equlp-,ent and penon~Uy coverrd by thit mor~p~
ege, wi~h ~11 premwms thereon pa~d ia iull, fns imurance ~n the uiual stando~J poiKy iorm, in • tum epproved by tht MOR~GAGEE, and windstorm
~^s-~==~ ufwl standard pol~cy 1o+m, in • aum •pproved by the MORTGAGEE, in ~uch company or ton+p~n~e~ as ~he MORTGAGEE m~y ~,f
du~ct; ~nd all firs and w~nds~orm ~nsurance poiK~ei on any o( said buitd:ngs, any imerest therei~ ~+r part thereot, in the agyreg~te sum afwesaid or C--~
in exteu ~heraof, shell :ontain ihe usual ssandard ma+gagea clause or suc~+ o~he~ c~auw ~i tM Mortqagee msy requ~re, makinp ~he losa under s~~d polt
c~es, each and overy, payable ~o said htOR1GAGEE as ~ts ~nfer~st may appear, and each and ere.y such po~~cy shall be promp~ty ais gned and delive~ed to
any heid ~y said MORTGAGEE as further securiry ro:aid m,or~yage debt, and, not ieu ~han ten (10) days in advance of the eapiraiian of each policy, to d~-
S~ver to said MORTGAGEE s ~enewal thereof, togethrr with a rece~pt for the pre~nivm o( such renewai; and lhere slwll be no fire w wi~dsrorm insur~nc~
plxed on ~ny of said buiid~ngs, eny interest therei~ w part tF~ereo(, unteas in +he iorm and wi~h ~he ~oas payable as aio~esaid; and in the event any sum
of money becon,e~ payab~e undcr such poticy a pol~cie+ seid MORTGAGEE sha~l have the opnon to receive and apply ti?e ssme on sccount of the i~debted~
nesf secur~d hereby w to pe~mit said MORTGAGORS to receive and uso if x any p:,rt ~her~•of fc+r othcr purt,oses, withc~t th_•~eu; ~va:v~~i~ o~ ~mpair-
infl any tqu~ty, I~en o? right under or by virtue ef thia mo:sqagr; ~nd in Ihe evant said MORTGAGORS shall fo~ a~y reaso~ fail to keep the said prem~sra w
insured, or fail to deiiver promptly any of said poGcies of insurance to said MURTGAGEE, or fail promptiy to pay fully ~ny premium lherafor w irt any
.espect Isil to pe~lam, dtscharge, execute, eifctt, complcte, cornply wi~h and ab~de by ?hii coaenant, w any part hereof, sa~d MORTGAGEE may pSace and
pay fw tuth insurance or any part Ihereof withovt waiving w afiec!in3 any option, tien, tq~~ry, w~i.~ht ur•de~ o~ by virtue oF thit Mortgage, s~d the
f~ll amount ot each snd every such payment ahall bc im.necl;ately due and payable and shatl bear interes~ from the date theieof un~ii pa~d at the rate of
n;ne per centum pe~ annum and to~ethe~ with such inte~est shali .,e securrd by Ihe lien of th~a mortgage.
1. To permit, commit or sutfer no waste, impair~nent or detrr~orat~o~ of said property w any part 1he?eof. '
S. To pay afl ar+d ainguSsr ~he cos~s, charges and expenses, inclvding a reaaonable attaney i fee and cos~s of abstracts of tit~e, incurred w peid at
any time by said MORTGAGfE, because w+n the eve~f of the foiture on the pe~t of ~he said MORTGAGOR to duly, promptty a~d fully perlorm, dixharge.
execuro, eiFect, complete, comply wdh and ab:de o+~?~ and rve+y th~ sGpulanens, agreemenn, conditioos, and covenants o( wid promissory note and th:s
.~,ortgage any w ei~her, and sa~d cosh, charges ard expensrs, each and svery, shali be immed~atety due and payable; whethe~ w no1 there be notice de
rT~and, atte~npt Io coltect w suit pe.~d~ng; and the full a~no~nt oi each and every svch µaymem shall bear imerest irom the dats thereof until peid ~t the
o: nine per crntum par an~w:n; a~~d ail said costs, cna~ges and csF:enaes i,~cu:~iK! w paid, together wdh such mteresi, shall be seturetl by the lien of this
mo~tgsge.
6. That (a) in the event of any breach of this Mortgage cr default on the part of the MORTGAGOR, w(b) in 1he event sny of said iums ot money
nerein roferred ro be not pro~~prly ar+d Suliy paid w~ehin thu~y (3J) day: nex~ aher ~he senu sexratty become due and payable, wi~hovt demand or notice,
~r !c} in the eYCnt each and every the sGputatians, agrerments. cond~tions and covenanes of sa:d prom6awry note and ~h~s mo~tga9e a~y w e~ther no1
~~:y, prompNy and fu11y performed, t! scharged, rie:uted, effec~ed, carpte~ed, compi~ed wlah and a6~dzd Sy, then in e~ther ar any such eveM the said ag
grrgate aum merttioncd in sa~d pro:aissory note then rema~ning vnpaid, with in~~~es1 acuued, and all moneys seNred hereby, sheil bttome due and pay-
au e fo?th«ith, or thereafter, at the oprlcn of s.:id h10RTGAGEE, as fu~~y and comple~aty as it all of the said sums of money vrere w~ginaNy stpulated
te be pa:d on such day, anyth;ng in sa!d pro~*+ ssory note or in this ldortga~e to the contrary not~vithstanding; and thereupon a the~eafte~ a1 tlx option of
s~:d MQRTGAGEE, w~tho~t not~ce or dernand, s~~t at iaw or in equny, therefae or therraftrr,begun, may be p~osecuted as if all moneys setured hereby
n: d matured pr~or lo ~ts institvt~on.
7. That in +Fe event thar at the beginning ef or at any time pending any suit uFon this Mwtgage, w to fweclose it, or to reform i1, or to enforce
:~^~ent of any ct~ims hereund_r, siid MORTGAGcf shat! apply tfl th~ Co~rt havi+~g w+~sd,ction ihereof for tFx appo~ntment of a Receiver, such Court shall
, r!:.v;rh appo;nt a rrce~•rer of s_.;J ~rorty~~ec! r:oprrty ai. and s~n~vlar, inci~d ng ayt and s~nyu~ar tt.e irtcome, prof~!s, issues and revenues from whatever
s_:~~ce derired, eacn and every ot wh~ch, i! txeng express!y understuocl, is hereby mG~igagrd as ii spetifically set forth and described in fFte graating aod
r,bendum c!avses hercof, ae•d wch Receiver shall have alt the Moad and efiecfive funct:ons a~xl powels id anyw~:e emr~sted by a Court to a Receiver, and
s. ch aF~oinrment sh-3I1 b~ m~de by such Cvu~t as an ad:nitted equity ancl a matter pf aSsolurE right ro said MORiGAGEE, and without refere~ce to the
n,'~:qvecy or inadeqvacy of the va:~e of the prof,erty mo~~gaged or to the s~.vency or ~nso:vency of said MORJGAGOR w the defendams, and that such
e+s, prof;ts, income, iss~es and :evenues shall be appiied by such Rece~ver accord+:~g to the lien or equity of said MORTGAGEE and the practite of such
Covrt.
8. To du!y, prompt:y and fu!?y Ferfor~n,- d:~;ha•qe, execure, effect, compiete, mmply with and abide by each and every the stipulations, agreemenb,
__•.d~tiorss arxi covenants m~a~~ promSssory nc!e and i+~'s mar~gage srt fonh.
9. That m the eve.^.t the Own?~ship ef the ~-:ortgaged prem~ses, oc any part thereof, becomes vested in s perspn othet 1Fwn the MORTGAGOR, the
:"2TGAGEE, i!s successors ond ass~3ns, m.~y, wi:h~ut nence co ~he N02i(',~pR, dea: wnh such successw or successor in interesf with retesence fo this
r o•rc~aye ar.d the debt herehy s~c~~~cd in the same ma~-r.er as wdh lJ:ertgogor with~ut in any way vifiating Ot d~uhsrging 1hE ldottga~ors' liability ~terr
~_-r u upon tho drbt hereb~ aecvred. ho sa'r of the Frem~ses hereby morrgagrd ar.d no forbearanee on the part of the MORTGAGEE w its successors
ass~9ns and no ea!ens~on ef the tim~ f~ th_~ pay~rent c,i t'r.e debt here:,~ secu~ed given by Ihe MORTGAGEE or its successors w assigns, ahal{ operate
~o re ease, d.scharge, mod~fy changa or at!ect the orig~~:a! {iau:;ny of ti~e ~l.ORTGAGOR herein, either in whole ot in part. "
10. It is spec~fi:ally agreed that time is cf the essence af th~s con+ract and that ~o waiver of a~y obligation hereunder or of the obtigation st
~ured hcreby shalt at any time thereafter be held tc be a waiver of ihe terms hereof w of the instrumeM secured herby.
I1. In a:id•tiun to the forego ~~g r.•ontMy ,>aym-:r.~s of pri^c paf and intrrest req~:red by the pranissory note secured hereby, mortgagor tovenaMs
~ agrees to oay to mong?gee v.ith each mon~hiy rarr:,ent an add:clc~ja~ sun: ~st:~~ated by mo~tgagee to be equal to 1 j 12 of the annual cost of the fol~ow-
,
A-A!1 rea~ Fropeny taaes iev~ed or a:sessed ay~~•,si thc abave desa~bnd real eztate_ .
'j B-Pr~n:i~:ns on fire and windstcrm inw~a:•ce as he:ein req~:red to be cerried o~ the :mprovemenTS s~tvaTe on the above d>scribed premisCS.
' C-Premi~ms on such mortgage gu~ra^ty inw:acce as mortgagee sha:l fror. Kme to time deem fiT to tarry on the ben setured hereby.
j Mortgagee shaii frcm t~me to time no~if~ rr.orty-age+ in v.rit~ng of the amou~t uue and payable he:eunder and such sum shall thereupon be due and
~ c~~h!e on the due oare of the next ~non~F.ly payn,ent and each success~ve moe,th thereaher ur.til mwtgagee shall notify mortgagor of a change in such
~:,nt. Such sums sF.a~l t~e ap}lied by martgag~e rovvard tt,e paymeM of real property ta:~, inwrance prem,ums, and mortgage guaranty insurarxe
~ ~C•t:i~~ms. . .
E !N `:fSS lA'HEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year fint a(oresa" ;
!
Signed, Sealed and delivered i~ thr presence of:
'~7E0 ~A
~ - - ft~E~~ ' = ~~y~. ~ ~,.-.---~-~v ~ ~q -
~ s?.t,.. ~;~;,•~tY fU?. Je se L. Revels
~ . pc, - : ~~.-R~5 ~ se+4
~ Cl Fa~ e, ;j;~' CCURT an
~ t1i!;t:~"' 'sf Bthe''1 l.~ R@V@Z$ D
a
~ ~-ATE OF FLORIDA Y~y ~ ~ 3? ~~~J
~II~ ~~r~
~ - ~urm oF _ St, i.ucie _ ~
Befo.e me penonaliy appeared _ J@S86 L~ Revels s~ ~
~ _ __Bthel Z.• R@Ve18 his wife, to me well-known and known to me to be ~
ind'+vidua{s described in and who e~~zcuted the fwego~ng instrument, and acknow{edged befwe me that they executed the same fw the purposes r
~ ~^c-e~n expressed. Md the :a~d ~ Bthel L~ Revels ~
of the said .IeSS6 _ I. Revels upon a separate and priwte j
~ ..~T,~nas~on by me taken separate and apart from her said husband, acknow!edged to and before me that she executed said instrument freely and voluo-
y and without an y com puision, constraint, a p pr eh en s i on, o r f e a r o f o r f r o m h
e r s a i d h u s b a n d.
~ YlI1NESS my hand ar.d o4fic;a1 seal this__ ~/C~ day of ~1. D. 19 75
.
;a
~ .
~ ~ Nofary Public in and for the ate of ids at larye
~ • My Commission expires: 4
~ Return To: ~ ~ ~ ay , 9~~
~ First Federal Savings d loan Assouat:on
~ Of Fort P:ere~.
~ FOrt Pierte, F~c~~da i' "r/~~ e
~i \I` ~ .ri ~ G,~~~' c_. ~
~ . , . • •'j;' •.Lf''~e~.• .
• . f
~J ~ J
. ~ ;
~ This Instrument Prepared By RobeYt A. Swisher Jr. ~t~• p' i
~ First Federal Savings 8 Loan Association , ; ~.,:"nj:. '
~ of Fort Pierce Florida 33450 _ ' ~
~ ' U R ~9 PACE : ,q. ~ ;G' ;
~ Checked By ~GOK ' ~ .
~ C~~„~~,,,~
~ /
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