HomeMy WebLinkAbout1526 3, io place and continuously i~eep on Ihe b~i:d~ngt oow or Mreafter s~tvate on sa~d lancl aod on ali equ~p~nent and periondly cove~ed by ~his ma~~
age, wnh all p~emiums IhP~eon pa~d in full, hre infwencr ~n the usosl 3iardard po~icy torm, in ~?um approved bY the MORiGAGEE, a~~d wind~wrm
inivr~nc~ in tM uswl sundard poltcy fwm, in a sum ap~roved by Ihe MORTGAGEE, in such tompany or ca++panies a~ the MORiGAGEE may ^
d~reci; and all tirs and windslo~m insuronce pol~uef on •ny of w~d build~nye, any inlere~t the~ein w parl thrreof, in Ihe agq~e9at~ wm aforesaid w'
in eatH~ thtreof, thall Contain the usual •tand~rd matqaget cla~~e w such other c~ause ~s IM Mafp~yse may requ~r~, makinp Ihe loti unda tmd poli- '
c~es, each and every, payable ~o u~d h~OR7GAGEE as iti ~nterest may appear, and eac~ and every such pol~cy shall be promp~ly as: gnrd and deiivered ~o ,
eny held by ssid MORTGAGEE as iur~ha security to ss~d mo,tyage deb~, and, no~ leu +Mn t~o (10) da~~ in advanc~ of ~he expirat~a? of zach poGCy, lo da
I~var to uid MORTGAGEE s renewal thereof, ?ogether with ~ rece~pt fw the pre,nium ot tuch renewal; and Ihere shall b~ ~o fire or windstorm insurant~
pleced on any of said buildings, aoy intere~t thersin a parf the~eof, unless +n ihe form and with ~hs loss payable as aforesaid; ~~d in the event any sum
of money becomes payable undsr such potiq a polrciei sa~d AAI~RTGAGEE sha~l have ~hs opnon ro~eceive artd apply ths same on accoum of the indebled~
ness secu~ed hereby w ro pe~mit sa~d MORTGAGORS to receive snd use it a any pan thr:eoi tor otne. purpvsrs. wi~noul tha•eur wa~.~,~~ cr nnpan-
~n an u~ lien or ri ht under ar b virtue of this mo:: a e; and in the even? sa~d MORTGAGORS shall fa an reaso~ fail to kee ~he ta~d en,lses w .Y
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insured, or fail ro delive~ promptly any of said pol~cies of insurance to ta~d MORTGAGEE, o~ fail promplly 1o pay fully any premi~~n therefw w in a~y
respett Iail to pe~form, discharge, execute, effect, completr, comply wi~h and abide by thls tovenaN, a sny part hrreof, said MORTiAGEE may plate and
pny io~ such insurance ur any part thereof witluut waiving or affec~ing any opt~on, iien, equ~iy, w right under w by virtue of this Mortgaga, and the
full amouN of each and e.ery s~ch payment shall be +mmed~ately d~e and payab~e and shall brar interest from the date ~hercof until paid at the rate o~
~~+,e per centum pcv annum and to~ether w~+h wch ~nre~esf sha~i t,e sewrrd by ~he I:en of ~h~s mortgage.
1_ To p~rmil, tommit o~ suffe~ ~o waste, impairmen? a det~rio~a!:o~ of said properry w sny pa?1 thereoE. _
5. To pey all and si~gular the costs, tharges and expe~+ses, indud~ng a reasonable atlwney's fee and cost• of abstracts of title, incurred or paid at
any time by said MOR1GAGfE, because w in the evero of th- f.~~lure on ihe pa~t of ~he said M~RTGAGOR to duty, promp~ly and fulfy pe~fwm, d~scharge,
zxecute, efFeu, complefe, comply w~~h and ab:de 6y each and evary ~he st;pulat~ons, ag~ee~nenn, conditions, and covenants of said promissory note a~d rhis
m.ortgage any or ei~her, and sa:d coats, chaiges and expenses, each ~nd every, shail be immediately due and payable; whether o~ not tAere be notite dr
mand, attempl to collect or suit pend~ng; and the full amount of each and every such payment shall bear inrereat from the date thereof until paid at the
,~e of nine pcr cen:~m ycr anuu:n; and a11 said ccs~s, cha~ges and exrenses incurred or pa~d, together w~th such interest, shall be ucured by the I~en of thu
mortgage. -
6. Tha1 (a) in the event of any breach of this Matgage w de(ault on the part of the MORTGAGOR, or (b) in thr event any of sa~d sums of money
herein refe~red to be not prwr~pny and fuiiy pa~d within ~huty (3~) days next after tix aame se~era;4y trecome dve snd payable, without demand o? notice,
o~ ~,c) in the event each a~d every the st~pu~ations. agreemavs, cond~t~ons and covenants of sa.d promissory rtote and 1h:a mort~age a~y M e~ther are not
i;,ly, promptly aod fully periurmad, c~~scharg~d, e~ecu~ed, eHecred, canp~eted, compl~ed wi~h and ab~ded Sy, then in e~~her w any fuch eveM the ta~d ag
~~egate sum mentioned in sa+d pro~nissory note then re~r~a~ning unpe~d, with intere;t acuued, and att moneys secured hereby, shall become due and pay-
ab'r forthwith, or thereaiter, at ~he opKon o~ sa~d AIORTGAGiE, as (uiiy and comp:erely as i( ~II of the said sums of money were orginaily st~p~lated
ra br pa:d on such day, anything in sa.a pro~n~ssory note or in this N,ortgagr te the contrary notwithstanding; and ~herevpon w Ihereafter at the option o(
sa:d :tORTGAGEE, witFwut not~tc or den~and, su~t at faw o~ in equity, therefo~e o? thereafte? begun, rr~ay be prosetuted as if all moncys secwed hereby
n•d maWred pnw to ds institution.
7. That in the event tFat at the beyinn:ng <f or at any hn~e uending any Su~t upon thts Mortgage, or to foreclose it, or to reform it, w to enforce
;~~•rent of any uaims hereund~r, said N.ORTGi:'vLE sha'I apply to the Cuurt having ~urisd:ttio~~ ~F.ereol for the appomtment of a Receiver; such Court shail
icr~hwi~h appoint a receiver of s.~~d ~r.~rt}~yed p,cY='1Y al~ and sin~vlar, ii~c;.rd.ny ait and s~•~9ular the income, profds, issues ar.d revenaes from whateve~
c_urce derived, each and every of wh:c'+, r. tx~r.g e~F:.'rssiy underStood, is he~e~y nw.fgaged as if spec~fically set forth and dewibed in the gronting and
h~bendum cfauses hereof, and such Receiver sha:: ha.e a~t ~he broad and effec~~ve fur.ct o:~s and powe~s in anywise emrusted by a Cou~t to a Receiver, and
s~:h appointmem shall be maJe by such Cou•t as an ad:,,3t!rd eQurty and a rratte~ oi absolure right to said MORTGAGEE, and withovl refzrence to the
edequaq w inadequacy of the value of the prcpr~ty mort~~ged or ta tiw so~vency or ~nsolvency oi said MORiGAGOR w the defendants, and that such
;~.~s, profi!s, income, issues ar.d teoenuts shap be app~~ed hy such Recciver ac:ord~ng to Ihe lien o~ equity of said MORTGAGEE and the practice Of such
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8. To du'y, prompf:y artd ful~y pt/lorm, d~scharge, e<e:ute, effecr, complete, cervspt~ with and abide by each and every the stipulations, agreements,
cc.rd~rons and covenants in sa~d promissory noto and this mertgage se~ forth.
9. T?,at in the event tF,~ ovvnership of the mortgaged premises, or any part lhesrof, lecomes vested in a person othe? than the MORTGAGOR, ihe
J';RT~AGEE, its succeuors and aasigns, may, wiihour ro~~ce ic me MORTGAOR, dea{ with such svccessa w successor in interest with reference fo this
,-cgagc and ehe debt hereby secwed in the sa-ne manncr as •.vith tAortgago~ witl+out in any way vit~ating or d~xharging the Mortgagors' liability he~e-
. u,~ or uF.on the debt herebp secvred. No sa:e of tfre Fre~nnes herebl ~nortgaged ard no forbearance on 1he part oi the RAORTGAGEE or its successors
~ ~ssigns and no exre~s~on.of the iime fo. the payment of the deb~ hern6y secured given by the 1AORTGAGEE ~r its successors or assigns, s~~all operete
re ease, d~scharge, m~r_+:fy ~hange or affect the o:~g~nai 1iab~;~ry of the M(3RTGAGOR here~n, either m wlwle or in part.
10. h is spec~f~cai~y agreed thaf t~me is of t!:e essence of this contred and that no waiver of any obKgation hereunder or of the obligafion st
:~red h.~reby st~a;: at any lime thereafter be heid to be a wa~rer of the terms hereof or of the inslrumeM secured he~by.
11. {n ~a3.r;c~i !o rhe torzg~'nc~ .-,cn;h+y pay:»,nrs oi pnnc'pal and inirresf req~[red by the prom;sscry no!e sec~red hereby, mortgagor covenants
,:f agrees ro pay ~o r.,e-tg~gee w~rh each ~~nrh'y ~,~f~nent sn add~'ionai s~m est~^;ared by mortgagee to be equaf ~0 1;`12 of the annual cost of the follow-
A-All rea~ property ta,ees lev~_c+ or assess^d ag~l^.st the aLove d~sc{~bed ~eal ~es~a!e.
! B-P~:~n::u•.:s on {+re and r.~ndste~~n msvrarce a> nerein- requ:red to be ca~ried on the ~mprovements s~tuate on the above 3escribed premises.
f
j C-Premi~ms on such mortgage gua~anty irsurar:~e as matgagee shail from t~me to time deem fit to carry On the (oan s<cured hereby.
! Mortgagee sha?i (rem ri~r:c to t~me nc;~fy mer.ge~or ~n writing of the an:ount dur and payable herevndrr and such surn shall thereupon be due and
; ,.;~,:e o~ the d~e ciate of the nexr monthiy payment and each suuessive month rhereafrer ur.tel mortgagee sball notify mortgagor of a change in such
_unt. Such su~~s shaa be appiied by mortgay~e toward the payment of real. property taxes, insurance prem:ums, and mortgage guaranty insurance
~ e ..,~,m.s.
; I:d \VITNESS ''l1HEREOF, ~he sa~d MORTGAGOR has here~~lo set his hand and seal the da and
y yesr first a(oresa~d.
~ _ Sgned, Sealed and de'vered ' the esence ofc Ry J 9k4~J~~f~ ~ `
~ - ' f L!!{iC ~;rJ~7Y F~. ' r5ea0
G~ / L Rt~G;-: "vITRAS ~ DOfl B~ N@ (Seaq
~ ' i~~ CLG=JE ~ .,.1l;t SOURT -
~ -f` !ff,~if ~1{, c,cr. (~aD
,~'`_,L c~ ~~Z~_ Patricia M. Ne n ,~,q
_":,TE OF F RIDA - ~NM ~S IY S8 fM+ •
_ ~ SS_
_ iJYTY OF $t~ LllC~Q ~
Befpe rt+e personally appeared ~n B• N~~~ a~
pat*ieia M• N6;1°dll his wife, to me well knowe and known to rtK to be
~~:e ~~dividusls described in and who executed the foregoing instrument, and acknowledged before me that they executed the same fw the purposes
rce-efn expressed. And the ~a~a- Patrieia M• NQ~I~1
,•:.`e of the said - ~I1 B• N@~IDdY1 upon s sepsrMe u~.d private
,~-r. nat:on by me ta4en separate and apart from her said husband, acknowledged to end before me that she exetuted said instrument freely and volun-
_-:',y and without any compufsion, constraint, appreheosion, w fear of w from her saed husband.
WIiNE55 my hand ar~d official sea! ~hc:_ 14th aay of ~y , A. D. 19 75
~
~ ~ . No ary Public in and (or the of Florida at large
~ Aty Commission e:pires: / d-~ O-~b
~ Retur~ To:
~ ~irst Federai Savinga b loan Association S
r Of Fort P[erce. ' ~ - ~i ~
~ " Fo~1 Piercc, Fiorida ~~~1\~u tl , ti
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~ This Instrument Prepared By Williaa J. Forbes e~ fl.n d t;'.
~ First Federal •Savings 8 Loan Association Y Q~~; g-~3
~ of Fort Pierce ~ Flo7cida 33450 • - ~~.i3;'. `i:,,=, .
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~ Checked By t:•r~^.-'
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