HomeMy WebLinkAbout1512 3. To plact and continuously keep on the bu6!d~ngs now or herea:ter fituaie on se~d land and w+ all equipmero and perso~ally covered by thit mort~ .
~ge, with all pr~mivmi thereon F:~.d in fu:l, fue ina~rance in the ~sual stendanl poGty form, in a sum approved by tM MORiGAGEE, •~id w~nd~twm ~
~nsuranca in ~M usual s~a:eda.d pol.cy Iwm, irt a s~m approved by ~he lNORTGAGEE, in such company w companies ~s tM MORTGAGEE may
dircct: ~nd all lirs a~d w1nJ~torm inw~ance po~K~e~ on any of sa~d bu~~d~nys, any inre~e~t tberein or pa~t therwf, io ihe a99r~ga~~ tum afwesaid or '
in excess thereof, s!ull contei~ the usual standard margages dause w suth other claus~ ~s tM Mwtgagee may requu~, m~ki~p Ihe lcsf unde~ se~d pol~
c:es, each a~d eve?y, payable to said MJRTGAGEE as ~ts interest may appear, and each end •ve~y ~uch policy •t~all be p~omptly ~ss g~~ed aRd det~vered ~o
any held by said MORiGAGEE as fu~thr security to aaid mor~gage debt, and, not ks~ tMn ten l10) days in advance o1 the expiration of eech pot~cy, to d~-
I;~e. to sa~d MORIGAGEE a renewal thereo(, toge~her w~th a rrceipt Iw ths prrmium of such renewal; s~d ~here shall be no f~re w winds+o~m insurance ~
pleced on any of ssid buildings, any intereit therei~ w part tF,ereof, unless +n ihe fo~m and vriih ~M toss payable as atwesaid; +nd in ~he event any sum
o~ money betomss payable unde~ sucfi policy w poGcbs ssld MORTGAGEE shall have the option ~o raceive and apply the same on accouM of ~~ie indebted-
ness secured heroby w to permi~ sa~d MORTGAGORS ro rcteive and we it w any pnrt ~h<rrof fo~ ofher pur}wses, .v~~hout ~h_.eur w~~~+~~~g or nnpair-
ing any equity, lien o~ right under a by virt~e of this mo::ga9e; and in IM event sa~d A10RTGAGORS ~hall for any reason fail to keep 1he said premisrs so t'~
„sured, or fail to del~vm promptly any of said polKies ot insura~xe ?o said MORTGAGEE, w iail promptly ~o pay fully any pre~ni~m therefor a in any ~
respect fail eo pe~fpm, d~scha~ge, execute, e(fecl, compiete, co~nply vvi~h and ab:de by this covenan~, o. a~y parl hereof, said MORTGAGEE may place ar+d
pay fo~ such irtsurance w any parl thereof wiihout waiving o~ at(etting any oplion, lien, equ~ty, or righf undrr o~ by virtue of this Mw~gaga, and the
f~.l amovn~ of each and e.•ery tuch payment shall be ~m~ccd~arely dua and payabte and shall bear intere~t from tha date thereof unt~l paid at the rote o1
r~~~~e prr tent~m per anrwm and togrihe~ w~eh such ~n+er~sr shall tv securrd by the lien of Ihis matgage.
1. To permit, tommit w iuffer no vrast~, impairment w deter~orstion of said property w any pa~t thereof.
5. To pay all and singular the costs, charges and expenses, includ~~g a reasonabie at~uney i fee and costs o( abstracq o( title, i~curred w paid ~t
any time by sa~d MORTGAG:E, betause a in thc event of ihe fa~lure o~ ~he part of the said MORTGAGpR to duly, prpmpNy and (ully per(orm, d~scharge.
~xecute, effect, comptete, comply wuh and ab:de by each and every ~he st~pulat~ou, agree~~ents, conditions, and covenants of sa~d p~om+swry oote and ~his
~rortgage any w euher, and sa'.d cwn, tharges and expenxs, each and wery, shall lx emmedmtely ~~.e and payable; whether p no1 the~e be notice do-
n,and, atternpt to coliect w suit pending; and the full amovn~ of each and every such paymcnt shafl bea. interes~ from the date tFxreof until paid ~t the
::re o~ nine pe~ cenivm Frr annu~~; anc~ aif s~~d co:ts, cherges an~ CY}JCIlSf1 ]ncurred or paid, together wrth such imersst, shall be secured by the lieo of this
mortgsge.
6. -That (a) in the event of any b:each oi this Mortgage or deiaulf on the part ef the MORiGA(',OR, o~ (b) in fhe event sny of sa:d sums of money
herein refe~red to be not pranptly and tully paid wi~hin th~~ty (30) days nesf atter ~hc same severatly become due and payable, witFaut dtmand or notite,
cr (c) in the event each ar.d every the st~pula~ions, agreeme+its, canditions and covenants of sa~d prom~swry note and th~s mortgage any a either are ewt
i~iy, pranptly and fully periormed, d~scharged, executed, eflected, complet~d, compi~ed with and ab~drd Dy, lhert in e+ther w any suth event the said ag
~rrgate sum mentioned in sa~d promisso+y note than ~e+naining unpaid, with inreres~ a:u~ed, and atl moneys secured hereby, shall become due and pay-
ab e forthwith, w thereafter, at the ope~on of sa;d A102TGAGfE, aa tully and comp,rteiy as if atl of the said sums of money were wiginally stipulated
r~ be ~:d on svch day, any~hi~3 in sa:d prom~ssory note ar in this INOff9d.Jc' eu the co~~~rary nor.v~thstandmg; and lhereupon or thereafter st the option of
s+ d MORTGAGEE, w~thout not¢e o~ demand, suit at taw or in equity, there`u~e or thrr.rafter begun, may be prosecuted as if all moneys secured hereby
r~ matured pnor to its institut~on.
7. That in fix event tt~at at tne 6eginn ng cf or at any time pe~ing any su~t upon ~I~is Mortgage, or to forecfou ot to reform it, or to enforce
F:.~,ent oi any c,a:ms here~ndcr, sd+~ J1.ORTGAGc~ shail oppSy to the Court hav[ng ~uri~d~dion thereoi (or the appointment of a Receiver, such Co~rt shall
~-~~~~.~th appoint a r~ce~ler of aa~d :r:_~rtgayed prcp:~ty aN and sinq~la~, inc ud•ng a:~ and s~•~~~~ar ~he ir,come, R~oflfs, iss~es and reve~ues from whatever
-_~~.r drr~ved, eoch and e•.ery of w~~c`~, if tking ex~.rrssty underszoocl, ~s te:rby n::,rrg,geJ as i( specilically set (w~h and dexnbed in the granting and
h.+6.c~~dum ciauses Fvreof, >nd s~ch Rece~ver sha~l haue at1 the broad and e~iecti:e func~•~ns and po+.ers +n anywise eMrusted by a Court to a Receiver, and
i__h appoinrment shati be madc by such Court as a~ admitted equity and a ma~ter of abso:ute reght to sa~d AM1ORiGAGfE, end without reference to the
edea~•;cy w inadequacy of the vaiue of the pre~,«rty mo.~gaged or to ~he so.vcncy c. ~~rso~venty oi said MORIGAGOR or the defendants, and that such
rer.~s, profits, income, issues aruJ revenues shail be applied by such Receiver accoro.~;g to the (ien ot equity ot said MORiGAGEE and the practice of such
Court.
B. To duly, prompt:y ar~d ful!y per(o~m, d~scharge, execute, effect, complete, con~~,fy w~~h and abide by each arx! every the slipulations, agreemeots,
cend~t~ons and covrnants +n sa~d promissor~ nofe and th~s mor!3age set 4orth.
9. That in the event ti~e ownersh~p o( ~he mortgaged premises, or any part tnereof, tecomes vested in a pe+son other than the MORTGAGOR, the
:•~RTGAGEE, irs se,ccessors and d35s3~15, r.~3y, v+~ihovi not~ce to ~he •'.10RiGAOR, deal wi~h svch successo+ w successor in imerest with reference to this
~ o•rga~e and the debt hereby secured in the same mar.ner as with J.ortgagor •erithovt in any way vitiating Or d~uharging the Mortgagors' liabiiity here-
drr or ~pon the drtr hereby secur~•d. No sa!e of ~I~e F~emises hereby moregaged and no forbearancr on the part oi rhe MORTGAGEE w its successo~s
_,:ss~gns and no exrens~on of ~he :ime fo. the pay~:ent of the debt hereby secured g~ven by the MORTGAGEE or its successors or auigns, ,hafl operate
a r>~ease, d~scharge, mod~fy c',ange or affect the orig~:~ai iiab~i:ty of the MURTGAGOR herein, either in whole or in part_
10. It is spec~f~calty ag.eed rhar t~me is of r!~e essence of this contract and that no waiver of any oat~yarion hereunder or of the obligation se-
c~.ed hereby sha!t at any time ~hrreaiter be heid to be a waiver of the lerms hereof or of the instrumeM securcKl herby.
11. In a~dCo.~ to r!~e (orego'~~g ~>>uMhv p~~:^_nts of pn•,c';.al and inr~res• required by the promissory note secured hereby, mostqagor tovenaots
+ ~ agr~es ro aay to n:o•tq~gee v.i~h eacL rncnth`~ r~;r :ent an addr.~onal sum es!~~~ated by mortgagee to be equaf to l; 12 of the annual cost of the follow-
A--Ait ~eai property ?axes :ev~ed or assessrci ag ~i^.st the ai~ove desc•bbed rea! estate.
B-Fre:n,ums o:~ i;re ar.d wmdst~t~r, t;uu•a-c, a, 'r,e•e~n zeq~;red to b~ ca~ried e•i the :mproveme~ts situate on tha abuve desc-ibed premises.
C--Prer.•i~ms on such m~rtaagz guaranty irse•ar ,e as mortgagee s++a;l fro:r t:me to time deem iit to catry on the loan secured hereby.
Mortgagee stia[i frcm time to t~:~e nct;fy mortyagur in writing of the ar~o~~t dvz ar.d payable hereunder and such sum shall thereupon be due and
:•~>!e on the dve date of the ne¦t r.~onth:r psym~nt and each successive month thereafter vr,til mortgagee shal~ notify mortgagor of a chaoge in suth '
~ ~vnt. Such sums sFa:! be applied by morrgagee roward the payment of rea! property taxes, insurance prem:ums, a+id mortgage guaranty inwrance
E . ~ . ~:vrty.
iN WlTPlESS WNEREOF, the sa.d /V~OR7GF,:,OR has hereumo se~ his har.d and seal the day a year finf aforesaid.
~ Signcd, Sealed and Sive.ed in the presence of: ~l {
~ ~.l(i~G d.?~r '•~fii1E1~11~+~ .Fi`C~i~~
~ ~{.~?;,:i :::~i~^M7i' ~1.~?• ~ Seaq .
~i`'_i e !`G~ ~::.c`~• :...R+~S l A ert 1~~. G ,n ~
~{,Ef.t. : :~'':1?I ~.0~
~
- - - ~fCP~ ^ ; r „F ~ n ($Gan ~
- - lla G. ore ;~,q +
:;'~'E OF FLORIDA ~ ~ '
St. Lucie ~ pn
-:.urm oF ~ 30c7V61~r
Befwe me perso:wfly appeared Albert l1~'. Gore
_ F_ 1 la G. GOZC bis wife, to me well known and known to me to be
+h: individ~als dexri6ed in and who executed tF?e 4oregoing instrumenT, and acknowIedged before me 1Fwt they executed the same for the purpOSes
r!,e=ein expressed. And the sa~d_ ~lla Ci. CipYe ~
~ ; ~ a} ~;d _ A1be r t W. Gor e_ ~Pa, a sepsrate and priwts
narion by me ta~e~ separate and apart irom har said husband, acknowledged to and before me that she executed said irntrument freely and voluo-
~ ~•~,~y and w:ihout an~ compu!s~on, cor,stre~nL appre ension, w fear of w from her said husband.
~ V/ITPIESS my hand and official seal this_-f day of A 0. 1975
r . -
_ ~ ~
Notary Public in and fo the Stat of Florida et larye '
~ My CommissiOn expir . ~ _ ~n /~r/~ i
Return To: {.~f_.. ~7 l
i:rst Federaf Savings b lonn Associat~on ~
~ Of Fort P~c:ce. ;
~ Forf Pie~Ce. Fierida ~ ~ 1
~ ~ ~f, ~
s, ,
~ ' , :w.j, , 5
~ ~ ..f '~~`~j~~'•if~:~~~.~ir~ ~
~ This Instrument Prepared By John t+', Collins ~
First Federal Savings & loan Association - ' i~,~~6 1 j~ :
~ of Fort Pierce ~ F loti da p~f(~ ~~.~;'~'''s-
. ~ ••'~Z• .~4':
~ __,p~ d g Q c,~ • _ . ~
~ ~'~....i~• ~
Checked By j~- dQOK ~t~ PAGf ~500 `
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