HomeMy WebLinkAbout1374 3. To piec~ and contfnuousiy keep on ~he bu~:d~nys now w hereafter ~it~at~ on se~d land and on ~II cquipneM and petrsonaUy tove~et! by ihit rnwlg-
ege, with all premium~ the~eon pa~d in iull, f~re insursnce ~n the vt~~l studerJ po~ity form, in a sum app~oved by Ihe MOR~GAGEE, end windstorm
;~:u~enc~ in ~he usual s~andard pol~ty fam, i~ a zum apExoved by rhe MORTGAGEE, in such company w companiei as tF~e MORTGAGEE may . •
d~reci; ~~d all fi~e ar~d w~nd~torm insurorus pobuas on any of sa~d kwild~ngs, any ioie~eat therein w pa~~ ~hereol, in IF+e agg~ega~e sum afwesaid w
in extsss Ihertof, shall contain the uwal s~andard ~wrtga9e~ claust a such o~her ci~uss at the Morlyagee may ~eq~u~. makinp 1!w lois unde~ s~~d po~r "
c~es, each and ave~y, payab:e to uid MORiGAGEE os ~ts inte~rst ~nay sp{xar, and each and eve~y ~uch po~icy ahaH b~ promp+ly as~-g~ed and delivered to
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any held by s~~d INOi~~GAGEE ~s funher ~ecurity to said mort~age debt, and, not Iesa than ten (10? days in advance of tM expirotion o1 QdC~1 PO~iCy, 1o da
G~er to ~sid MORTGAGEE a renewal there.~f, foge~Aer with a rece~pt fa ~he premlum oi svch re~ewal; and ~hrre shall be no i~re o? winds~orm insuranc~
plxed a? any of said buildings, ~ny interest ti+erein or pan lhereof, unless in the (orm and with the lou payable as aforeaaid; and in tF~e event any sum
of mon~y becorn~s payable under such policy or polKias a~d MORiGAGEE shafl M.s ths op~ion w receive and appty tM ~me o~ accovnt of the indebfed~ M„
ness secured hereby or ro permi~ said MORIGAGORS to reteiv6 and use it p any part tha:eof for o:hc~ pur~sPs, w~thout Ih=rruf waiving or unpa~r• ..i
inq any ~quify, lien or right unde~ a by virtue of Ihis mo:tgage; and in the event sa;d MORTGAGORS shalt (w any rtaion fail to ktep 1Fu said pramiuy so "
insured, or f~i! fo delive~ promptly sny o} said policies of inaura~ce 1o said MORIGAGEE, a fail promptly to pay fully any premium Ihe~efor w in ~ny
respect fait ro perfwm, d~scharge, execute, etfect, comp'et~, comply wi~h and abide by th~s covenant, or any part FwreoT, said MORTGAGEE may ptace end
pay fw such insu+ancs or sny part thereof without waiving or aifec~ing a~y option, lien, equ~ty, or r~ghf under o~ by vi.tue of ~his Mwtgags, and the
fui! ambuM of eacA and every such payrrxnt thell be immcdiately dve and payable and shah bear interest from ths date thereof until paid at ?M tate ol ,
~u::e ~x~ tentum per annum and to~rihr~ vvi+h wch imr~esr shali be secured by Ihe lien ol this morlflage_
To permif, commit or suffer no was?e, impairment w deteriorotion of said property ot any part thereof.
5. To pay all and singular the costs, charges and expenses, including s reasonable e~to?ney's fee and costs of abstratts of titfe, i~curred w psid at ~
eny time by said MORTGAG:E, because w in tF~e event of ihe faiiure on ~he part ot the said MORTGAGOR to duty, promptty and fvlly perfam, d~xha~ae.
~.ec~re, effeu, complete, comply w~th and ab:de by each •nd every ~he sripu:anons, agreements, conditions, and covenants of said promissory note and ihii
r. rgage any or e+~her, and sa d coses, charpea and oxpenses, each ~nd every, shall be immediatety due and payabie; whether a not there be notics da '
r,,:~,d, attemp! 1o tollect or suit pend~ng; and the tull artaunt of each and every such payment sha~l bca~ intere~t irom 1he date thereof until p~id at the
~ of nina pe~ caMum per aro~u:n; and a~f wid costs, charges and cx~nses ~~turred or paid, togethe~ wdh suth interest, shall be secured by the lien of thif
n~crtgage.
6. Thaf (a) in the event of a~y breach of this Mortgage or default an the part of the MORTGAGOR, or (b) in the event •ny of satd sums of money
here+n referred to be not prompNy a~d fully paid wirhr~~ 1h~rty (30) days next a~ee. fhe san~e uve~a!ly become due and payable, withoul dertwnd w notice,
cr ic) in the event each and every ~he stipulations, agreements, conditions and covenants of sa.d promissory note and th~s mortgage any a eilher sr~ nol
i~~!y, o~omptly and lutly performed, dscharord, exec~ted, eFfected, comp:eted, compi:ed wi~h end ab~Jed by, then in ei?her q any such evenf the ssid aq~
~•ega!e suns ment~oned in satd pror.,issory no~e then remai~ing unpaid, w~th interes~ accc~ed, and atl moneys secured hereby, shall become due artd pay-
ec, e forthwith, or thereafter, at the opt~on oi sa:d MORiGAGEE, as i~~Iy and comNietety aa if a~l of t!+e said sumi of mooey were o~ginally stiputated
!o h: ~:d on wch day, a~ything in sa.c3 proml:sory note or in this 1Nortgage ?o the tont-ary not,v~thstanding; and thereupon or lhereafler at the option of j
s;.d IAORTGAGEE, withovl notice or demand, sud at law a in equity, therefore or thereafter begun, may 1x ~xosecu~ed as if all moneys secuted hereby E
c~d matured pnor to ~is institution.
7. That in the eveat that at ~he beginning of or at any time pendicg any su~t upon th~s Mortgage, w to fweclose it, or fo refwm it, or to enforce
pavment of any claims he~eurder, said A10RTGAv4c shaii apply to the Cowt hav~n~J ;uri;d~ct~on thercof for tht appo~mment of a Receiver, such Court shall
r~.r:hwf~h appo~m a rrcciver of said mo•tgaged prcpo+ty al? and singular, indud:ng a~t and s~nyu~ar ~he income, p~ofus, issues and revenues f~om whate~er
s=u-ce drrived, each anu every of wh~ch, it txing eYpress'y undecs~ood, ia hereoy mo~~gaged as ~i spec~fically set fwth and dexribed in the granting and ~
~:abendum ctauses hercrof, ar.d svch Receiver shatl have all the broad and efiect~ve fur,ct.ons and powers in anyw~se entrwted by a Court to s ReSeiver, and
s,ch appointment shalt be made by such Cour! as an admined equity and a matfer oi absclute r;gh? Io said MORTGAGEE, and witho~t reference to the {
ed~:a~acy a inadequaty of the value of the property mortgaged or to the so:~e~cy or ~nsoivency of said MORiGAGOR or the defendams, and that such ~
; ~•~~s. proi~ts, income, issues and revenues shall be appGed Ey such Rece~•.er accwd~ng ~o the lien or equity of said MORTGAGEE and ~he practice of such ~
Co~rt.
8. To du!y, p•ompt:y ar.d f~ily perform, discharge,.execute, effect, complete, compiy wilh and sbide by each snd every the stipulations, agreemer?it, j
_~~~dit~ons and corenants m sa~d promissory ncte ar,d thss ~norrgage sel fo:th.
4. That i? !he event the ownership of t6e mortgaged prem~ses, or any part thereof, becomes vested in a perwn other thso the MORTGAGOR, the
~^RTGAGEE, ~ts svccessors ar.d ass~gns, ~,3y, w~;hc~t nor:ce to the :SORTGAOR, deal w~th su~F~.30ccessor or successor in iMeresf with rcference to this
•~•~yage ard ?he drb~ hcreby secured in the nam~ manner as v.~~th Mortgagor w~thaut in any way vitiating or d+scharging the Mortgagors' li~bility FKrr
~r or upon the debt F._-reby secwed No sa e cF lF~.e Frerr.ises hereuy mortgaged and no iorbearence on 1he part of the MORiGAGEE a its sutcessws
_~.;:gns and no exrenzton of the timr (or the prymem af t?•e debt h~reby secured given by the MORTGAGEE or its successors or as~~gns, sha11 operata
rc case, d~scha.ge, moa~f~ change or a?fect the orig~na~ tiao:l~ty of the MARIGAGOR i~erein, either in whole or in part. .
10. It is spedficaily ~greed that f~me is of the PSSCrK2 of fhis cor.vac~ and that no waiver of any obligation hereunder or of the obligatan se-
-ed hareby sF.a•.1 at any time Iheceafter be held to be a waiver of the terms hereoi or of the instrument secured herby.
11. In acid uo~ to 1~e ~or~go:+x3 morrh:y pa~~n-n~S of pnnc pal and inrzrest requ~red 'oy the promissory no+e secured hereby, mortgagor covenants j
sgr;ces to pay to mortg:gee v~~•h eact. :no•,~hiy Ya~~nent en ~d3~:~onai sum es!s~:ared by mortgagee ta be equal to 1;~12 of the annual tost of the follow-
A-A!1 ~eal property taxes IEVi^~ o• asse;sed aaai•,s! thc above descr~~ed real estat.. ~
6 F:cn:~u~ns on f6re anci v:~~~ds~orm msuracce as here:n requ;r~ to be carricd on the improveme~ts situate ot~ the above described premises.
C-Premivms on svch mo~sgage guarar.ty invrar,~e as mortgagee shaU irom t:me to titne deehi fit to carry on the loan secvred hereby.
Nortgaqee s!~a:! !rom !~ma tc i:~,:e nc+~fy morrc~agor fn writ,ng of the amounr dve and payable hereunder and such sum shall thereupon be due and i
.+:,'e on the due dete of the M_Yf ma~t!~'y payment and each su:cessive movh tnereafter ur.til mortgagee shall notify mortgagw of a change in such {
~~,nt Such sums shall x apµiied 'oy morrqagee ra+~ard the payment of real property taxes, insura. e p~em;ums, a~x! mwtgage guaranty insurance ~
~ ~ms.
F
1N Y/liNE55 WHEREOf, the sa;d YOR~GAvOR has hereunto set his hand and sea! the day ar first a said.
i Signed, Sealed and de~ivered in 1he presence of:
; - - - - - NIEQ •N~; ~.~CORDED . a~
ST. tUC:E C~uNTY F~~- Gool
i - - 4i0v,~ j'"v+T~AS ` ' • • a~
~
p - CLER~ ~+'•'%~tt COURT sn
~ ~ aEC?F_, v~k~`?EO cy' R isb
s~•n
~ ~~_T~ oF F~oR~ ' 13 3~~ PN'75
~ ~;.,..,n oF St. Lucie a~,
~~I~~i~
~ Befwe me personaliy appeared _ R• Goolsby a~
~ j.l1Cj/ R. C'i001SbV his wife, to rrx well known and known to me fo be '
~ ~~e individuals described in and who exewt~ the foregoing instrument, and acknowtedged before me that they executed the same for the pvrpoaes ~
r':=~e~n expressed. A:~d the said 1.11CjI R~ Goolsby ~
~ re of the wid R~ _ Ci001SbY upon a uparate and priwte
~:~.,~nat~on by me taRen separate and apart from her said husband, acknowfedged to and before me that she executed said instrumem freely and volua
~ _:y and without any compu'sion, co~strainf, spprehension_~o fear af or frorr, her said husband.
~ WfiNESS my hand and official seal this____ ZKl _ day of ~ A. D. 19~_
~
3
Notary Public ' a fw the State of FJorida at larqe
- ` My Commiu' experes: Nobry ~~'c. State ot f)~rida af Lar~~
` Return To:
x F::st Federsl Savings 3 loan Assoc~atEon My Commi:;;oa Er.pira; lc;j 2y, 1977
~ Bcnded by ka:r:caa F:e 3 Cwwltp C•w
Of fort P:erce.
" Fdrt Pierce, fforida
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~ This Instrument Pre ared B Gaz F. Bllwood ' ~
P Y Y it~ r n, .
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~ First Federal Savings 8 Loar~ Association - ~ - v . ~ ~
~ of Fort Pierce ~ F~or ida 33450 0 R c~c~ s~ = = . ' ~
' ~p BOOK ~?J9 ~AGEIJ7Z - a i c"ii y::
~ Checked By L~ " ~ ~ 1 ' ~ `
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