HomeMy WebLinkAbout1722 To plx~ and co~~inuously kccp on the bu~!d~~gs now or hereafte? ~~twte on sa'~d land and a~ s1i equ~p~ncnr and penona~~y cov~red by tAi~ mw~Q~
ags, with ~II premiums the~eon pa~d in f~U, fire imu~ance in the ~aual sfstulmJ ~wl~c~ (9rm, i~ a wm a~.pro.ad by thc MURIGAGEE. +~~d windstorm `
insurancs in ths usua) standa~d policy fa-h, in ~ aum ~pp~ovad by the MORTGAGEE, ~n wch company or canpar.ies as ths MORTGAGEE may t
d~rectt and all (ire and wiodatorm im~ranca policies on any of ia~d bu+ld:ny:, a:~y inrareat therain or pa~t tF+ereof, i~ Ihe aygregate sum aforessid a
in eacess thcreof, ihall confain the u~val sea~:Jard mwtyagee cla~se w such ofl+e~ N~~~se a~ tha Monga~ee may requ~rs, ma?~ng rhe iou under sa~d poiF
c~es, euh and every, payable Io said A1pR1GAGEE as ~t• 1n~errst may a~,~c+ar, a~xl eac~ and every such po~~cy shaN Ix promyTly ass g~~ed a~~d delivered ~o
erty held by s~id MORiGAGEE as (u~~her ~ewrity to s~id mortgage debt, and, no~ !ess ehan ~en (10) days in adv~~xe of tha expiralion ol each poficy, to da
t~~er to ~aid MORiGAGEE a re~xwal theraoi, rogeiher wiih a~ece~pt for thr prem:um o( such rnneNal; and there shall be no Gre or wi~~dseu.m insur~nc~ ~
ptaced on ~oy of sa~d bu~ldi~gs, any interost therrin or paA thercoi, untes~ m rhe torm snd w~~h ~he loss payable at afores~id; and i~ the event any sum
of money becomes parab~e under such poGq or poGcies sa~J MORTGAc;EF shail have ~he optwn to ~r_el~e and apply the seme on acca,nt of the indeb~ed
ness secured lsereby a b permit said R10RTGAGORS lo receive and uu it or any part fha:oot iw omer purFcses, v.~~hovt ~h,~tur woi.~ ~g o~ ~~npa~r-
ing any ~quity, lien.or right under or by virtue o~ this mo:sgage; snd in the evero ~aid MORTGAGORS shall for any reason fail to keep the said p~emisrs w
~nswed, w fail ro deliver p~omptly any of s~id pol~cies o1 inw~ance ?o sa;d MORIGAGtE, or ia~I prompfly ro pay fully any p.e~n~um therofor or io any '
rei~ecl fail to per(orm, discha~ge, execute, eTfeu, con~piete, comply with end ab:ds by th~s covenen~, or eny par~ hrreoi, said MGRIvAGEE may piace a~ti
pay for such insu?ancs or aoy par/ 1her~of wi!houl waiving or af(ecting any op~~on, lian, equ~~y, or ri~ht under a by vir~ue of this Mutgage, and 1F+e '
tull amount ol cach and every tuch payment shell be im~ned~ately due and payable and shall brar i~terrst from the da?e the~eof until paid at the rate oi
e per centum per annum and ro~ether wi~h suth ~ntarrst sh;,l: be sec~red by the Gen of this mortgage.
4. To permit, tommit or suffer no waste, impairmeN or deterivrat~on of said p:operty or any pa~f thereof.
S. To pay alt and singu!a? the costs, charges and expen3zs, induding a rraso:~eble at~orney's lee and cosrs of abstracts of title, incurred w pa~d at
any iime by ~aid MORiGAG:E, because w in the event of ~he iailure on the part of ~he sa~d MORTGAGOR to duly, pron,ptty and fu~ly periam, d~xharge.
ex~~cute, et(ed, compl~r~e, comply w~th and ab;de by ea:h and every ~he stipulanw.s, agrerments. tondmons, and cove~wnts of se~d p.anusory note and this
~~or~gage any w ei~txr, and sa~d costs, cherges and eapensrs. each and eve~y, shall be immrd~atzly due and payab:e; whethtr a not thrre be not~te de
mand, attempt to coSletl or suit panai~ng; and the fvll a~Twunf of each and e~ery such payment shall bea. interes~ frwn Ihe date Ihereot unlil paid at the
r~ o! n~~~a per czm;,m prr a~~uu:~~; and a~l aa~d cc.sts, chargrs and eapenses frxwred or F,eid, togath~r w~th such interest, shall be secured by the lien of '~~s
mortgeye. ~
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6. That (a? in the event of any breach of this Mortgage w default on the part o( the 110RTGAGOR, w(b) in the event any of said sums of money
herein referred to be not prompily and fulty paid wi~hin th;rty (3~1 days ~ea~ a+r.r ~he sa.ne severa+ly becume dve and payable, without demand or ~otite.
or ~c) in tha eveM each and every the stlpulations, agrrements, cond~tions an+! covenanrs of sa:d pro~n~ssory rwte and th~s mortgage any a ei~her are no1
l~iy, promptly and f~Hy perforn,ed, d scharged, axec~ted, effected, canp;eted. co:npGed vn~h ar,d ah~ded 5y, then in e~ther w any such event the said ag
3•~-~ate sum mem~oned in said prom;sswy note the~ remain:ng wipaid, wuh ~nterr;t acuc,ed, and ali moneys secured hercby, shail become due and pay-
ec. e forthwith, or thereafter, at the option of sa:d htORTGAG~E, as fully and curnp;etcly as i( ali oF the sa~d sums of mpney were onginaily ttipuiated
re be pa~d on such day, anything in sa.d pro:n~sswy note or in this 1Jlortgage ro the cont:ary norvv~thstandmg; and ~hereupon or thereafter at the opt~on of
s, d MORTGAGEE, vvithout no~ice o• demand, s.:it at law w in equity, therefore w thereafre~ begun, may be proaecuted as i( all moneys secured hereby
n:d mar~red pnw to ns insti~ut+on.
7. That in the event thal at the bey;nn~ng of or al any time pend~~~g any su:t upon Il~is A'ortgage, or to foreclose it, w to reform it, or to enfwce
;:::ncnt of any claims he~eunder, said NIORTGAGcE shal! apply to tlre Court hav~r.g ivnsd,aion thereof for the appo~ntment of a Receiver, svch Coun shall #
r_ •^.~iih appoiM a re,e~~er of sr:d mortgayed prop~ny all and singu:a~, inc:vci~~~g a~~ and s~.:yu~ar thr income, profns, issues and revenues ~rom whatever ~
,.a derived, e~ch ar.d every ol wh:ch, ~t t~ea~y ex~,ressly unders~ood, is Fr~eoy n,cnyaged as if spcufitally set forth and destribed in the granting and
i:i;endum clauses hereof, end such Receiver sfiaq ha.e alt ~he 6r.ad and eifect~ve funu ons and powe~s in anyw~se entrusted by a Court tp a Receiver, and
s~ _h appoinrment ah~ll bc made by sxh Covrt as ar. ad~~itted equity a~~d a ~»tter of at~soiure right to said MOltTGAGEE, and witho~t referente to lhe
nc:•~~~acy w inadequacy of the vaiue ot nc~ properry morcgayed or to ~hE so~vency or ,+~s:,Ivency of said MORiGAGOR w the defendants, and that such
+s. proiits, intorne, issues an3 revenues shall be appl:ed by such Rece+ver accord.n3 to ~he lien w equity of said MORTGAGEE and the practice of suth
Cau: t. '
B. To d~!y, prompt:y and fu11y perfo~m, d sci:arge, execute, eff..,~, ~~mplete, ce~n;,1~ with and abide by each ar.d eve~y the stipulations, agreements,
~~.~:';c~! a~d covenanb m sa~d promissory r.oro :n:s mortgag> srt torth.
9. Sf,at m the e~ent the ownership of tha nwr!g~ged F~.:enrses. or any part therecf, E~omes vested in a person other than the MORTGAGOR, ihe
. Qi:~AvEE, i•s s~xcessors and ass~gns, may, ~v~:l:~„r ro~re to tne t:.;:RiG:•pR, deal w~th such successo? w successw in imerest with re(erence to thii
;+g.ye end the da~cf F.ereby secured in tne same r.,anner as wah :Aortya3o. w~ihe~t in any way vit~ating or d:scharging the liortgagors' liability here-
or upon th> d,br h:re6y se,~red. i~o sa'e cf ~he F~emises hereby mortgayed ar.d no forbea~a~ce on the part o( ~he MORTGAGEE a its successon
. :s, •~ns and nc exre~s~on of the tin,e fo. tn« pzy,r~nt pf the dabt hereby sec~red given by the MORTGAGEE or its wccessors o~ assigns, atiall operate
~a edse, dscharge, mod~fy change or affect tt~e crig~nal l;ao~i:ty af ~he N!GRTGAC-0k herein, either in whole or in parf.
10. It ie sprc~f~cally agreed tt~a~ time is of the esserce of th~s contrscr and that no waiver of any obligaqpn hereunder w of the ob:igatiOn se-
._r>d hcreby shatl at an7 time thrreafter be he:d to kx a wairer of she terms he~eol o~ of the instwment secured herby.
l i. In ;dd~t:ci to the Fore~o ~nw~th y pa;n~. nrs of p=inc r al and inte~cz' reqv~red by the prom~ssery no!e secured heteby, mo:igagor covenants
~g~ces !o pay re rt:ortg-gee ti;rh each rr ur.F,Iy F.~~• :e::t an ~dd ~tcnai wm es' ^•~ted b~ mortgagee to be equal to 1,•`12 of tfie annual cost of the foilow-
A-A!+ rea! prvp^+!y taxes +rviod a. assess~d eg;r,st thc a::ove d-cscrl~=d r~al es•ate.
6-Pr ~=::ums on fv« zr,d r.ir.dstv: insora: ce >z ne-e~n r^qu:rea fo be car;led en the :mprovements sit~ate on ihe above destribetl premises.
C-Pre:>~:ums en u ch mortn-qe g~a.3nr~ ,rsv:a~:,e as r-~ort9,~cee sha~l frcc t me ~o ~ime deem fit to carry on the loan setured hereby.
4 Mortoa~ee an;;i irom tnnr to t~n,e nonfr mora:.,~or In wrieing pf the a^~o;,nt doc and payable hereunder artd such surr: shall thereupon be due and
' h e on th~ d,,e aar~ ef tne ne¦t ~,,~nth:l payTem and each s~ccess~ve mo.~rh thereaf~c~ ~r,tii mortgagee ahall notify mortgagor of a change in such
Suc~+ sums sl:a:i be ar, ued b~ moug;,.~e ~onard tne (:aym2r( Of reai property taxes, insurance prem.ums, a~~d mortgage guaranty insurance
i . . ':~ln;s. .
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~ 7!J \`lITPJESS WH;REOF, tne sa~d MURTG:.GOR has here~nto set his hard and seal the day and year first aforesaid. }
f Signed, Sealed and det~vered ~n ahe p~es~nce of: f~~C ~s~r ._G~~7fp ~
~ • i
; - - - ST.Lii~lt i3L'iiT7 flA. _ ,.vl2n^-f (Sean .
~ f~'v: r - : jP AS , '
~ - CLER~ C. ..',U:T COURT ~ (Se+4
~ - Q=rr.~ ~ : i: ~ n ~+._.r Jciwsc . '
~ ~ - (Sesh
N~r Ib 3 iz ~N'75 j~ s~.~c
~ E OF FLORiDA ~ ~iJSJGMLV
oF St. Lucie _ ~
Befwe me persor.ally appeared _ T~IOIIIaS D. Finn -
_ NaI1C~[ R1ri1'f his wife, to me well known and known fo me to be
~ ~:-~d~viduals described in and who executed the foregang instrument, and acknowledged before me that they executed the same iw the purposes
~ ~,•~~in exprcssed. And the sa~d-._- ~ _~aI1CV FlIIll
~ of ihe sa~d Thnma c I~ _ :
F11121 upon a separate snd private
~anon by me raken separote and apart (rom her said husband, acknowledged to and before me thal aFro exetvted said instrument freely and voluo-
f and w~thovt any compuSsion, constraint, apprehens~o fear of or from her said husbarxl.
~ WIiN:55 my hard and offic~at aeat this ______f~~ day of_ ~ia q. p, ~q 75
~
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~ Notary PubiK in and i the ate of Florida et larye ~
My Comrr.ission atpi s: ~
~ Retum To:
r r, st Federal Savirx3s 6 Loan Associanon
~ Of fort p.e~ce. t70TARY PI~~i1C. STRTE o} FLOP.I~JA 2t LA°SE
~
~ Fort P~erce, ftorda hSY CU'.''~'.°.`'•:i.i i%.'I:it~ 1:.N. 7. 1977
~ ~v:r^i~:~ Sjj .e~:;..i~.i.~ ~:.:•c{i ~iwS11f711C1 ~
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~ : ` , :•~.yrl/f; f ij
~ ..v-' .~~S. -:~v i,
~ This Instrument Prepared By Richard K. Kayes C,J
~ First federai Savings & Loan Association . - '•,,•I
~ . : = '
of Fort Pierce Rlorid~? - ' ~
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Checked By 1L~ R ~ J~':' y~•.t G=~''~ r~ :
~ ~ PAGf 17~.? - ~ `
~ ~ SOOX~:eh~ • ~ ~
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