HomeMy WebLinkAbout1279 3. To plac~ ~nd continvously Leep on ~he buitdings now or i+ercafte~ tiiWa~~ on eaid I~nd and on ait equip~en~ and pe~sondly coverctl by Ihit morlq-
egs, with all premiums ~hereoo pa:d ~n fult, fue ~n~wence ~n rhe usual steixlerd pol,cy form, in e wm apwo~ed br MOR~GAGfE, and wu+tistwm
~nsu~~nc~ in tM uiwl it~ndard pol~cy Iwm, in a sum approved try the N10ttTGAGEE, in svch tompany o~ tompaties ~s the MORTGAGEE may
diredj and •11 (ir~ and w~nds~onn infuronce polK~us on +ny ol sa~d bu~td~nqs. any inte~a~! tiwzein o~ pa~t tAe~eof, i~ 1M agg~eya~e sum ~iw~sa~d or
in e~cess ~hereof, ~Aail :ontain the usual stande.d ma~gaqe~ c~ause a such other d~use ~s tM Mo~tgsges may ~cqu r~. ma~~np ~he +oss ui+Ja~ •ad po~~
c~es, tacA and e~e~y, paYab!a to said MORTGAGfE as ~ts ~~~+cr~;; ~~,.,v appear, snd each and every such po!ic~ sha11 be promptty ass gned and de~ivared to
•ny hetd by said AIORIGAGEE as fur~her security ro sa~d mortgage debf, and, ~x+f tess lhan rcn (101 day~ in arlv~~~ce o1 the expir•t~on ot e~ch poGcy, to d~- ,
l~+rr to said MQRTGAGEf a renewal lhereot, together with a rece~pl 1or Ihe prem~um o1 such re•xwai; ared tharo shalf !x no f~re or w~~~dswrm insurancs '
plated on +ny ot s~~d build~ngs, any interest therein w pa~~ Ihcreoi, v~iiras ;n the fonn a~+d w~~h the lasa Qaya6le as aforesaid; u+d in the event a~y wm ~
ot money become~ payable under such pol~cy w polKies sa;d N~OStiGAGEE ~hall Mve ~he op~~on ~o receive snd app~y ~he same a+ +ccount ot ~he indebted~
ness secured hereby or ro perm~t taid MORiGAGORS to teceive and use it or any pa++ the:rol fo~ oti~c~ pw, wrs. tivano~~ ih:r~u~ wa~~~*~ a~ ~~»D~~~- .
ing any equity, lien or right under w by virtue of this n.o:'gage; and in the event sa~d MQRTC,rAGORS shall fw any resson fail to ieep ihc aa~d p~emisas ~o
~nwred, ot •fail to de'~vc+ pranpt{y any of said pol~cies of insurante fo said MORIGAGEE, or fail promptly fo pay fully any premium ii~c~.:.`~. ar in a~y
resptCf lail to perfwm, d~~s:ha.ge, eaecure, effect, canp:etz, comply wi~h aru~ ab~de by thls <ovenanf, w ~ny par~ h:reol, sa~d MORT~AGEE msy p~ace a~~d ~
pay im such insu~ance or any part Ihereof without weiving a affec!ing an~ op~~o~z, iien. equ~ty, or right under w by virtue of this Matgage, a~d the ~
f~~t1 amouM ol each and etiery such paymant shall be immediste?y ;1ue a~d payabte a~.d shaU bear interest irom the date thcreof unti{ paid a: the rate of
~~:e per crntum pe: annu•~~ and co~_ tF~r w;th such ;nrer~st s}ij~+ secured by the Gen oi th~s mortgage. ~
~
1. To permi?, commit o~ su!fer no was~e, impainr~ent a dereriorot~nn of ~a~d property or any part thereof.
5. To pay all and singular the costs, cha~ges and expznses, includ~ng a reaso~at-le attwney's fee and costs of sbatract~ of title, incw~ed or p~id +t
time by sa~d MORiGAG;F, because ~r in ~he event of ~ha ta~l~re on tne pan of the :a~d MORTGAGOR to d~ty, p~on•ptly and fu7ly perSwm, d~sthsrge.
4xecvte, eifect, compiete, co~nply wnh a~~d ab:de by each and every the stipu:a+~ons, agreements, condi~:ons, and covenanes of uid promissory note and this
,~~rigage any o~ e~the~, and sa.d cosrs, charges a~~d expenses, esch and every, eh~iS be immed~ate3y due and psyable; whether or not there be notice d~
n:an;l, attempt :o co~lect or suit pend~ng; artJ the full amoum of each arnl e~'ery such paymrnt shalf bear interosi t~om ~1,e dare the~eof until paid at the
of n:ne per cansum F•rr a~~,;u:~~: a~: ai: satJ cc.sfs, cl,a,ges and c.,:~r•s~s ~~c~nrd or p~;d, toyather .v~~h auch ~ntfreat, shatl be secured by the lien of tha
mo~tgage.
b. 11~at (a) in the ev~nt of any b~each of fhis Mcr•gage or defautt on tf~e part of the MORTGAGOR, or ;bl in the eveM any of sa~d sums of money
fierein roferred to be not ptompNy, and lully pai~ withi~t In~rty i30) days ncat a~tcr the some serera:ly bccome due and payable, without dernand o~ notite,
cr (c) in tAe tvent each and every the st~putations, a9~eements, cor.d~rions and covenant: of u.d peom+ssory oote and th~s mwtg~ge any w eitMer are no1
~vly, promptly and fui:y pe;forrnad, u s:h~igsd, caet~'ed. ei1ectrd, co:nNiet~~d, cempued w~th artd abrded by, then in e~ther o~ any such evem the sa~d ag
g~ega!e sum me~!ioned in Sd:d ptOltltSiOlY nose then ~e:nain~r.g unpa~d: wrth ~nter~.f acu.,rd, and a~1 rtwneys secured hereby, shall become due and pay-
~r, e forehw~th, o~ mereafier, a~ !he ep!:cn of s~:d '!O~TGAGEE, as i~;ty e~K1 canp:rleiy ei i1 aii of rhe sa~d sums of money were w~ginally stipuiated
^ be pa d on suth cic~, anyrh~ng in oa.S pro.~~~ssory note or in this tAortgagr to the eo•~trary notw~lhs~and,ng; a~d thereu>>on or thrreafte~ at the op~ion of
s;.d tAORTGAGEE, w~tF.cot nof~cr e• demand: su~t at iaw or in eq~ny, the~efere or thereaher beyun, may k>e proses~ted as if a!1 moneys secu*ed F?ereby
r..:d matured pnw to ~ts institution.
7. Tha~ in the ev?~u Ihat at the beyinnfng of or at any fime pe~d~ry any s~~t u~~on this Mortaaqe, or to faeclose it, w to refcrm it, or to enfwte
.:.^~rnt of any c aim.s hereunder, sa~d NORTGAvEE si~a~l apply ro the Co..rt t,av~~~g ;u~~~d.a:on thereof ior the appo~ntme~t of s Recerver, such Coon shail
•~,virh appo~nt a feceiver o! said ~r:rrtya3cd propr•ty ail a~d :ing~:ar, ir.c;ud r~y :,~~d s~-,au~ar ~~:e incor,e, prof~ts, i~sues and ~even~es from whate~er
~~ri.:.-d. eah and every of wh•ch, tx-~ng eay~essly unde:sruod, is hercb f r.,o~~a ~ged as if spec~ficaily set forth and deuribed in the graming ar+d
t;: erdum c~avses t~ereo(, acd s~ch Rece~ve: shatl hav~ ali ttw broad and e~{ec'~ve fu~.ci e^•s .,nd pov.en in anywise entrusted by a Court to a Recerve~, a~d
s c^ 3FpD1 .;ment iha1~ be n~ade by svch Courr as an admitt~~ eq~ity end a mane: of abx~,u+e right to said MORTGAGEE, aruf withcut re~ere~ce to the
..~~.:.,acy ~r ~nadeyuacy of t~e va;ve of the property mo~rgaged or ro ine so:r~~xy or ~nso:~ency oi sa~d ~VIORiGAGOR w the defendants, and ~hat sueh
~,:•s, p~ofits, income, issues ar,d revenues sna~i be appi~ed 6y such Recriver accqrd~+~9 to the I~en w equity of said MORIGAGEE and Ihe proctite of such
C~_~rt. .
8. To duly, promF.tiy ar}d tul!y pe~}orm, d~scharg~, ~,cetut~, elfetl, complete, ce~nply with and abide by eacfi and evdy the s~~pulations, agreements,
:::~~;T~cns and covenams m sa~d prom~ssory n~fe ~:~d tn~s mortgage set fo~th.
9. That in the ev~-it t~e cwne~sh~p o~ tn•~ m,r.!gagrd prz^~;ses, or any part tnereof. Eetomrs vested in a person other than the MORTGAGOR, the
,,;gi;,AGEE, i!s wuecs~.~s a~ d azs:gns, ::':a'{, w:~tio~' no~.ce to thr ?:.ORTG:-OR, cica~ v:nh svch wccessor a suucssor in imerest wdh refere~ce to this
-%~!y~ge ar.d ~he d~~ut ncreay s~~cured in tire aar:e m,:nner as w:th Mwtgago. w~thout in any way vitlating or d~xharging the Mortgagors (iability fiert
S:~ w uF~on ~he d_t~ E~~~~r:-y se,u~ed. Nc s3.e of t'•.e p•rrr:ses herrby morlgaged and no forpearance on the Fart of the MORTGAGEE w ita suteessors
, ies~~~s ard no exr~ns ar~ o~ ;nc• t~:~~ `n, ri~e ;.ay~r.rnt ot tne deb! h^•e!.y s-rc~red give~ by the MOQiGAGEE or its su:cessots or auigns, ~i~sf1 optrate
o re'er;e, d:scharge, ~od~iy chacge er ariect `he or~3+n:;i 1~.,~,E~ry o4 ~i,e MORTGAGOR herem, either in whole or in part.
10. It is scec:f::.~ii1 agreed ihat t~•ne is of ~h~ rsserce of th~s consract and ~ha~ no waiver oi any obl~ga~~on hereunder w of the obligation sr
c rz~d h~reby s^al: at ant !inse ther~aiter tx F~td to be a•+~aiver of the !erms he:eot or of the instrument secur~d herby.
I t. In ~,:iri nc ic+_^,o •~-th ~::ay,,,._ncs of ;;r~. c c,al ar;d i•~r;rrsr requ:red by ihe prum:ssory ~ote secured heseb/, mortgagor eovenaMs
± ay•ees ro pay r.n =-o•'~~~:e ~~c+- -~>>~~.y ;,-.'r an .~.t' s~m ~ a••~d b~ morrgagee to be equal to 1;'12 of rhe annual cost of the follow-
A-A~I r~a! Fropc~t; taxes ~ev~ed o~ azs>•szed agai~sf !Fc ai_ove drs_r:'-,._d r._at ec+a+.e.
B-a:.~n.:u~r,s cn E,r•~ dr,:j ~~-:a,d;!o ~n ir.svrarce a> nerrfn r;;q,:red ~u ~>P ca~rird en the ~mprovements situate on the ahove dascribed premises_
C-Pre~..;;, ~ s o.~ wch r crtg,.q~- gua•ar~tv sL rance as mc•rya~~e sha;t frev~ t r.~e to nrqe deem fi~ to earry on the ioan secured hereby.
h~or!qagee s~.•;!~ !+•re ee =~~-.e ~-c~•f; ~~.cr~gagc. ~n i„•;t;r.g of rne a^o~n! d~e and payable hereu~der and such sum shall thereupon be due and
;'r on the v:~r cin•= oi t~,. n;xr :~•~nt^ r pa~.~~c•nr ard e:ch iJCCc%SIVC month the,-eafi:r ur~t~~ mort3agee shatl nutify morlc~agor of a thange in such
:,nt Such sums 5':d~ tiC d~:~~.~^~j i.y rnorrga~ c ro:.a•d tne pa/ment af rea~ proper*y raxes, insurance prem.ums, and martgage guaranty insurance
. . . ~'JTS. .
1:'J .'lITP7ESS :.!-iEP~OF, inE sa;d /l•vkT'v~GO'n I~as here~•~to ser his h.~rd and seal the day a ar f' oresaid.
, Si ped. Saa!ed ap~r ~ i~tFye prese te of: \
/
a4
~ _ . B aine rerris , cs~.q
- - _ - 1 • J - ~Sea~
ra . Gerzis
, _ rs°'q.
, ~ s C~F FLORIDA ~ - . . - . • , .
E SS' ~ ~ ~ .
: :~tiTY QF _ St•--Lucie--------`~ ~ . - ~ j -j
P.. Blaine Gerrish 4,~ ~
~ Before me personally appearcd • E° a~;/ : t: =
; Sabra 5• ~i@ZT1S~1 his wiie, to me well known and A~owortp me-fe ~
; ~ individ~~ats descri6ed in and who executed the foregoing instrumem, and acknow:edged before me that ihey e~ecuttd the same Fpt t6E~rp~oa~e' .
-
~ r: . e;n expressed. And the :,:d__~_~~abra S. Gerrish
; o? ~r,~ sa:d ___~L._Bl.aine Gerrish a sEpsrate ~hd ~privit,' ~
nat~un by me ta~an sepa~ate and apart frem he~ sa~d husband, acknowledged ro and before me that sht executed said inslrument ~eql~T'a~K9lun~
a.ui w=thout any cnmN~is:on, constra[nt, apprehens~on, tx fear of w from her said husband. <.,,75 ~ i
WITNESS my hand and aff:c~al seal th:s. ~~th day of_ ~ay A. P. 19
°~.,c.,~~ ~ ~
, Notary Publ~c in and (w 1 Stste,of f{orida at Larye
' My Ccmmiuion eapirez: / Q ~ ~
Return io: ~(~Q
~!rst Federal Sav~ngs 6 loan Assoc~at~on ~{iV I Q~/O
OF Frr.r Prrc•r.
Fo~r P~erce, Fier~da Ff«U ~M:~ RECOit0E0 ~
S3.lu~=E =~~~tr flA.
RC~~i".; =f ~TRAS , ~
- r,~EFK C:~;•;UiT COURT
P y J. Hal Poberts ,7r. ~f~r=~ v~ ~cri~~;
This l~strument Pre ared B ~ ~
First Federal Sav+ngs 8 Loan Associatian Y~~ I~ ~ 3~ ~t1 ~7~
of Fort Pierce ~ ~lorida 33450 « ~
~ .
Chzcked By
~ ~8~~~ ~~~~f.r~ • , ~Cfii~
~ ~
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sty ~.r..k
--'~~'.~'""~,,Sa"yY~~~ ~r R " :-`4.. ~~?;2~:"~ ~:~"ar.~~
c~~ a.=:.+~,~"•:~r y.r . r_ . .