HomeMy WebLinkAbout0511 9. To place and coNinuousiy keep on fhs buitd~r;gs now or hera~{ttr situete cn sa~d land and on ~It equip~nent ~nd perwn~lty coverad by thi~ mor~¢
e~e, wi~h all prrmivmi thnrcon pa~d in futl, firo ]nsu~ence in ~he uiuai ~t~ndarJ policy lo+m, in a s~m ~NproVed by IM MORiGAGEE, and wir~twm
~nsuronce in 1M usual standard pol:cy twm, in • sum app~oved by tM MORiGAGEE, in such company w companies as ~h~ MORTGAGEE may
d~rec~t and all (ire and wtndstorm iniu?ance poGurs on sny of aad buitd:n~i, any interes~ ~herein or pa~t therwf, in tFa a99re9at~ sum afaetaid o~
in exceu ~hereof, thall contain the usual s~andard nwrtyagN ci+us~ w iuch.o+her ctause ~s tha Matgsgee may ~equ~rs, makinp the iost unde~ •a~d poli~
cies, each and every, payable ro ssid MJRTGAGEE as ~ts ir,~erest may appear, and cach and every suth pofity shall be promptly ass.qned and delivrred ~o
any hcld by ufd MORiGAG£E as further aacurity lo said mwtpage drbt, and, not lee~ ~han ten (10) days in adva~xa of the exp~r~tion ol each policy, lo dr ;
irver ro tsid h10RTGAGEE a renewaf tAereoi, toqetMr with e reteipt for the prrmi~m of wch renewal; and ~here shall bs no iirw w w~nds~orm iosur~nc~
placed on any of said buiWirgs, any inicreu therei~ or put thereo(, uniess in the form and with ~F+~ iosa payabls ai atwesaid; ~nd in the event any •um
of mon~y becomes p~Yable ~nde~ such policy u pol~cie~ said MORTGAGEE ihsll have the opt~on ro receire and app:y tM sams on acco~M of tM i~debted~
ness secured bereby o~ ro permit ~aid MORTGAGORS ~o rcceiva and~uss it a any par~ ihereol tor orher purpases, ~vi~twut ~h~r. u~ wa~vi~~g or unpd~r- '
ing any equ~ty, (~cn o? iighl under or by virtue of this me~rgage; and in ~he even~ u:d MORTGAGORS shall ior any reason fail to keep the ia~d p~emis.rs w
~nsvred, w fail to de'iver prompHy sny oi said potKiea of insura~ce to ~aid MORTGAGfE, w fail prompily to pay futly any premium thueta or in a~y
respect fail a perForm, d~uharge, exec~te, eftec~, ca+~plete, comply wi~h and ab~de by thit coveMSnl, w any par~ hrreol, taid MORTGAGEE may plu~ and
pay (a suth insvrance o~ +ny pa~t thereol w~?hout waiving a a~fec!iny any option, lien, tquity, w right unda~ w by virtue of this Mwtgaye, •nd tlx
f,:ll amouM of each and every s~~ch pa jme~it sFwll be immcd~atety due artd payabte and shall bear interes~ from ~he dat~ thereo! ~otil pa~d al the rate ol "
:^r per can!vm. per annvm a~xi ro3ether with auch inte~est shati be secured Ly Ihe tien of th~s mortqage.
J. To permit, commit or suf(er no waste, impairment w detei~oro!ian of aaid property w e~y part thereof.
5. To pay all nnd sing~lar the costs, charges and expenses, includi+g a reasonable a~twney i iee and costs of abstracts of title, incurred w paid st
~ny ~i~r.e by sa~d h1GR1GAG:E, because or in thc event of fhe iaiture on tAe part o} the seid MORTGAGOR lo d~ly, promptty ~nd fully periwm, d~uharge.
e~ecute, effect, complrte, comply we+h end ab:de by each a~d every the stip~lauais, ag~eements, conditions, and covanants of iaid promissory note and this
:r.o~tgage any o~ e~~her, and sa~d costs, cMrges and expenscs, each and every, shaii be immed~ately due and payabte; wttit~her p not there be notice do-
man~, atternpt ro coUett or suit pending; arul the fu!I amount of each and e~ery wch payment shall bea~ interest from the d~te thereof uNil p~id ~t the
o~ n~ne per GCf~1yA! ~~r em~~:n; and all aa+d cests, chargrs and eMper.ses i~cu~red o~ pa~d, togethe? w~th sucA intereat, shalt be secured by the lieo of this
mortgage.
b. That (a) in the event of any breach of this Mwtgsge or ~efau~t on the part of t}~e MORTGAG~R, or (b) in the event ~ny o~ sa~d wms of money
herein roferred ~o be no~ prompNy and fully pa~d w~thin th,rty (30) days nex~ a+ter ~he same severatly become due and payabfe, without demand o~ notice,
or ic) in ~hr event each and e~ery ~he stipulahons, agreements, tonditions and covenants of u.~ promissory note and ~h~s mort~age any a ~~ther aro no1
i:•iy, prompNy and lulty par4ormed, d:scharged, exe:ured, effected, compieted, comp4~ed with and ab~ded Sy, then in eithe? or any such eveM the said ~
-~~ga!e sum mentio,~ed in said promissory note the~ rea+aining unpaid, w~th interes~ a:crued, and aIl moneys setured hereby, shall betome due and pay~
ab e forthwith, or rhe~eafrer, at 1he opr,on of said MORTGAGEE, as fully and comp;etely as if all of the said sums of money were orginally stiputated
be pa~d on such day, anyfh~ng in sa.d p~om~sswy note or in this Mortgaye ro the conuary rarHitha~anding; and ~hereupo~ or the.ea(ter at the option o(
s=.ci MORiGAGEE, w~fhovr nonce o• demand, suit af law a in equity, ~herefcxe a the~ebfter begun, may be proucuted as if all moneys tewred hereby
n~d maturrd pnor t0 dt ins:itutio~. -
7. lhat in the event rhat at the begin~ing of or at any time ~pending any sv~t upan thif Mortgage, or to fwec!ose 11, w to reform it, or fo enfotce
;:a~ment of any c:3~ms hereunder, said h1pRiGAG:E sha? aypfy ro the Co~n having ~urisd:uion the~eot for the ap~o~ntment of a Receever, such Court shall
.,;•rf„rlth appcint a ~e.e;ver c+ a~~J rr.orlj3'~@~ jN.7N2!ly atl and singular, ind~d~ng ail and si:~yular the ir.corr~, p~o(~IS, issues and revenues from whatever
:•_e drnved, e.ch and every of wh:ch, it be+ng eapress:y understood, is hereby mortgaged ai if specifitally sef fO~th and dewibed in the gr~nting aod
endum uau3es he~e~f, and such Rece~~ar sha~l ha~e atl the broad and eifective furutons and powers in sn~wise entrusted by a Court to a Receiver, and
s_;h appoin~menr snai: b-: n:ade by s~,ch Ccurt as an admi:ted equity and a r*:atter of absoiute ~ight to said MORTGAGEE, a~ without retercnee to the .
:icy~scy or inadequar~ of t~s valve ot !ne property mo~tgagrd or to the so.vency or ~n;aiventy of said MORTGAGOR w the de(endants, and that such
•,~,rs, proiits, :nceme, issues and reven~as shail be applied by such Recaiver according to ths lien w equity of said MORiGAGEE and the praUite of such
CourL
8. To duly, prom~;t;y and (u!Py perform, distnarge, execu:~, efle:t, comp~ete, co~nply wi~h ar.d abide by each and every the stipu~ations, sgreementf,
~^,d.t~ons and ccvenanrs ~n sn~d prom~ssory nore ar.d th~s ~nersgage set forth.
9. TF.ar in the event ihe atinersh+p of the r*,o~tg:ged pre:~~6ses, o~ any part thereof, bccomes vested in a person other than the MORTGAGOR, the
'^RiGAvEE, ~t: succcsscrs and as5igns, may, w~+ho.,t nct~cc ro the :.50R7GAOR, deal wnh zuch successor w successor in interest with refererxe to this
_•rgage end tha deb~ hc!eby aecured in tt~e same n~anr.i-r as w~th tdorlgr~or w~!?ti;ut in any way vitiating or distFWrging the Mortgagoq' liabilify hetr
,~rr w upon ~he debt hereby srcned_ ko sy.e of the frem,ses hc~eby mortgaged and no torb¢arance on the part of the MORTGAGEE q its sutcessors
c• as;~~ns and ~o ea'ension of the time f~r the payment of rne debt h~~rby sec~red g~ven by the MQRTGAGEE or ifs succeuori w_auigns, shall operaFe
; re ease, d~scha~ge, mod.fy ,hange or sfFect the or~g,nal I;ab:irt~ of tne MGRTGAGOR herein, either in whole a in parf.
lO.Jt is spec~f~caitq agreed that t:n~e is of the essance of th~s contract and that no waive~ of any ob~gat~oe hereunder or of ths obligation se-
cured heteby shalf at any time thereafter be he:~ to be a waiver of the terms hereof or oi 1he instrument secured herby.
11. In adJ r.c~ !o the foreqo:n9 rr.onth!y f,aym~nn of ~,r~nc'pa: and i:~terest req~~:ed hy the prom;ssory note secured hereb/, mwtgagor eovenants
a~ d agrees to pay ro mortyagee w~th each mcntFty payr:~ent an add~~iona~ sun~ est~rnased by r.eortgsgee to be equal to 1; 12 of 1he annual cost of the follow-
' A-A!{ real property taxes le.~ed o.• assesssed ag.~~ ~st thc aiwve described reaf estate.
B-Pren.•~ms o~ Iire and rr~ndsto:m insurar:ce as i~e~?~n r:•q~~r~d to be tarried cn the improveme~ts s:tuate on the above destribed premises.
C-Pre.r.;vrns on such n•e-+g=ge gua:ant~ i..wrar.ce as mc-tgagee shall from t"m.e to ti~ne deem fit to carry o~ the Ioan secured hereby.
Mo+tgagee shaii from ;~.r.e to ti~,e notif~ mortgagc. in writ~ng of ttie a~~ouv due and payable hereunder and such su:~ shall thereupon be due and
3i~ie on the dve aate o? the next month:y paymc~n and each succassive mo~+h tF.ereaftcr urtil mwtgagee shall notify morigagor of a change in such
~unt. Svch wms sFa:1 ix appleed by mortgagee tcv:ard ti,e payment of real prcperty tazes, insu~arxe prem:ums, a~~d mortgage guaranty inwnnce
~ . : . ~~~~ms. ~ ,
! IN '.VlTNESS Y~HEREOF, rhe sa~d MORTGF.GOR has hereunto set his hand and eat the day a ye rst sforesaid_ ` n
( Signed, Seated and delivered in the presence of: • `
€ _ _ FIlEO t.t~`- KEC'3riDE0
g SS~ i~~'E C~
yNRAS`~ ~ Thoaas D. Voss a 33n ].e ad ~
~ Roc~~ ~ . : ~ 9 ~n
' ' c~Ear c,;-.cu~, cou~
~ ~ ~EF.tzt~n (Sea~
aF coF - '~5 ~s~.n
~ - - ~ 6 9 3, a~+
~ _ " : i E OF FLORiDA ~ ~
~
~ St.__I.ucie _
'''•UF17Y OF 1
~ Thomas D. Voss a ain le adult
Before me penonally a~peared _ ~ g ~YH~
?i~~wf~ to me well known and known to me to be
e individua' described in and who executed +he fwegang instrumcnt, and acknowtedged beiae me that he executed .the same fw the purposes
~
,_•ein expressed. O~d.t~~~eir
..,,.f~~f.l6?iaid - uMn.a.rMdw~i*~iwt~
ds~~iiSativP i~iialtaD~iAitiiO ~i~fi.iqiri ~tGt~ ~e.s9'ri 6~+i6iQCL d~J~~G1W fYd6r~ ~s~w~k~t~ ~II~ thwli~re~ew~ wi~wl~wriew~ ~~e~lp ~wlwr
~ .~ar~ywi~rw~oW.a~p~or~riro~..r~Waio1.~+F/r +~~~er.oi.orir~r~~aid.frurarW.
~ VlITtiESS my hand and offic;a! seal this day of ~y , A D. 19 75
~ • Notary Public in a the State of Fbrids ei Large
~ ~ My Commissiw~ e: '
Return To:
~ First Federal Savings b Loan Associat,on
~3
Of Fort ?.crce.
~ ~ foit Pierte, Fforida ~(~r ~ ~ y
M
~ r Con~w~i~sie~ Ex~ie~ OeA 70, 11i~~ .
~ . dvndsd 61 Mwrkon FN~ ~ C,~yydh ~r':"~l~s~+:,. !
, 1
~ This Instrument Prepared By Robert A~ Swisher JZ. ~
First Federal Savings 8. Loan Associaiion j',.••''~'"";••:
.
.~5~ : ~
~ of Fort Pierce ~ Flol3da• 33450 ~'~g R~,,
~ C hecked ey ~ ~ R : t1 C : ~'1 ~ :t ' i
~~_Q.~
~ gooK 239 PAGE 510 " `a ~ 1 ' .
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