HomeMy WebLinkAbout2763 9. To plac~ and coniinuously kcep on ths bu~'dir~gs ~ow w Ae~ea!~er sifua~s on sa~d land ~nd on a~t equi~xnenl ~nd p~nonaliy tovered by thi~ nor~~
egs, w~th all pramivms thereon pa~d in full, fire insurance ~n the wual sta~~dard poiicy form, io • ium approved by tlx MORIGAGEE, and wind~twm
~nsvrante in Ihe uswl standard pol;cy fam, in a sum approved by the MORitiAGEE, in such company w tompaniet as 1F» MORTGAGEE may
d~.euj ~nd all tir~ end w~nds~orm cnsurance polk~es on eny of s~~d buitd~~gs, any inrereat thereio or pa~t ~he~eof. in ~F+~ sgyrcg~te sum alaesaid w
in excess thereof, ~hall contain the usuat a+a~derd mortgagae clauu w such o}Fw~ cla~ss as tM Mortpay~e m~y ?equ~re, ma~in~ ihe Iws ~~?der sa~d polF
ue~, each and every, payablQ w ssid MORTGAGEE as its intrr,rst may appear, aryd each and every auch po~:cy sha11 be promptiy ais gnrd a~d de~ivered to
eny hetd by ssid MORiGAGEE as furiher fecu~ity to sa+d morlgsfle debt, and, not Icss than ten l10) days in advance of the expiralion o1 each polity, lo d~-
lioar to uid MORTGAGEE a re~uwal thereof, togethar with a receipt for the premivm oi such renewal; and there ihall b~ no fi~e a winda~orm insurance ~ E
placed on any of said buiid~ng~, any intuest there~n ot par~ thereof, unless i~ ~he form a~~d wiih Iha loss payatle as alores~id; and in the event ~ny sym
oF n~:~ey bccomes oevah~. unde~ wch ooiiev or pot+cies w:d M(~RiGAGEE sha11 have tM option Io receive and apply 1M same on xcount of the indebted~
ness secured hereby or to permit said MORTGAGORS to receive and use it a any part thereol tor o!ner purposes, v.~thout thrrcu~ waiv~~ig w~mpair• ,
~ng any eqv~ty, lien or right undrr a by virtue o! this mo:~gage; and in the even~ sa:d MORTGAGORS shal! (a any reawn fail to keep the said premises so
~nsurerJ, w fail to del~ver pro~np~ly any oi aa~d pol~cies ot i~~surance to sa~d MURTGAGEE, or fail promptly to pay fulty any premium the~efor a in a~y y
resprcl fail !o per(orm, discherge, execute, ef(ect, comptete, comply weih and abide by this covenant, or any pa~1 firreof, said MORTiAGEE may place •~d
pay fo~ suth insurarue or sny parl Ihereot wiihout waiving or affecting an/ optian, lien, eqwty, or ri~ht unde~ or by virtue of this Mwtgsge, snd 1he
f~Ii amouM o( each •nd every such paymen? shait E+e ~mmediately due end payable and shall bear interest from the date Ihereof until paid at the rate of
~~~:~e per centum pe~ ar.num and to3~the~ v.ith such inrrrtst shall 5e secured by the Gen oi this mortgage. •
1. To permit, commit or sufier no waale, impairmant w deteriora~~on of said prapc~ty or sny part thereof.
5. To pay all a~d singular the cost~, charges and expenses, intlud~ng s reaaona6le aftorney's fes and costs of abstrstts of title, incurred a paid at
~ny eime by sa~d MORTGAGfE, because or in the EVPnI Of the ta:lure on ~hr parf of ~he s..id MORTGAGOR to duly, promN~ly and tutiy pe~form, d~uha~ge,
~xecute, e(fed, complete, comply with and ab:de by each and every the stipvlat~ons, agreements, condiliau, and covenants of said promissory note and Ihis
r.orrgage any or either, and sa:d costs, cherges and expenses, each and every, aha~l be immediately dve artd payabie; whetF~er p no1 the~e be notice da
rnand, ettempt to colled or suit pend~ng; and !he full anwunl of eaci~ and e~ery such paymeM shall bear inierest from ths dat~ thereof until p~id tl the
r<~ o' nine per centum ~,er ann~.n; asc: aii said costs, cnar~es and expa~Tses :ncu:~rd cr 1aid, together w~th such interest, shsll be secwrd by iix lien of th~~
mortgage.
6. Thal (a) in the event of any b+each of this Mortgage or default on tF~ part of the MORTGAGOR, ar (b) in the event any oI u~d sums of mo~ey
herein referred to be not pra.:ptly and fu~ly aa~d ~~i~hin ~h~rty (30) days next after the same severally become due and payabls, withoul demand or notice,
cr (c} in the event each and every the stipulatiens, ag~eemems. ca~d~tions and covenants of sa.d promisw~y note and this martgtge any pr t~?her are not
!v'y, promptly and fully pe~formed, ds~harged, exe:utr~, r4fected, canptere~, ce:npi:ed w~ih and aE~ded by, then in either w any such evenf the said ag
;regefe sum mentioned in sa~d Fromissory ne~e then rema~ning onpa~d. w~th inserrst accrued, and a~l moneys secured hereby, shall betome due and pay
rh e forthwith, or ~hereatrer, at the op!;o.~ o? :a~d h1pRiGAGEE, as fully and comp:etely as if ali of the said sums of money were o~~ginally at~pulated
t.e pa:d on such day, anything in sa.ci pron:~ssory note or io this blo~tgegr to !he contrary rtOfr+ithitdnding; and thereupon w thereafter at the op~ion of
s,..i MORTGAGEE, w~st.out nor~ce or dema~~d, s~~t at taw or in equity, therefore or thenafter begun, may be prosecuted es if ell moneys secured hereby
n d n,at~:ed pnor to ds ~nstitutior~. .
7. That in the event tha~ at tn: beg]nn'ng of cr et any ti~ne pendirg any s~+t upon this N•wtgage, w to foreclose it, o~ t0 reform it, or to enfwce
pr~~~e~t of any ciaims hc•reund~r, sa~d AlOS2TGAucE snali apGIY to the Courr hav,~:g iunsd;c~~w> >he~eoi ior the appointmem of s Receiver, such Courl shall
~_:r.,•.,,;:h api~oir.t a receiver of s~:d r~o•tg+3ed p•or ::~y m? and s~n~~v!er, ;r.ciud•ng a: an;i s~ngu~ar the ir.come, profUS, istues and revenues irom whatever
j2~ivc'd. e.?[h ar.~ ..vn~y q~ ,yl:.~h, t~:n9 .~y~:tc~es~:y vnde~s~ood. +s Frrs~by ~r.c~~gaged as if specifiCi~ly ut fo~~h and dex.~bed iQ I~f! Qranlin9 dnd
i~b•_ndum da~ses herQOf, and such Rece~ver shali have all the broad and ertct~i~e fui`C! G~~S and powers in anywise entrusted by a Court to a Recei~et, and
s. _h ippointment shafl be made by such Co~n as an admitted eq~ity and a n:attcr oi aasel~te rigM to said MORTGAGEE, and without relerente to the
.:~qvacy or inad~uaty of the vaiur of !he property mortgagrd or to iha so,ve~xy o~ .r.;uiventy oi said. MORiGAGOR or the defendants, and that such
•s. profits, incomr, issues and rever.ues shall tx eppl~ed 6y such Reu;rver accord,ng to the lien or equity of said MQRTGAL'iEE and the practice of such
Cc _•~t.
8. To duly, p~empt!y tnd fully pet(o~m, d~scharge, execute, eifect, comp{ete, ce~npty wi~h and a6~de by each and every the stipulations, agrcements, ~
dir~ons and covrnann m sa~S promissory ~~ote and th~i mortgage set forth. ~
9. ~hat in thr event the owne~shs~, of the rr.ortgaged prem;ses. or aov part therco.', 6eto~nes vested in a person other than 1he MORTGAGOR, the
:^.RTGAGiE, f!~ successors and ass~yns. may, w:~hov~ nof~ce ro rhr IY;ORTv~DR, dca~ v::~h such succeuw w succe:sor ~n interest with reFerence to this
,~ryagc ar.d ihe d=b: F.errby s_c:::ed E.. :~:e se-e r;a::r.a: a; :r.:,F t..~.~-y:~~ar :vEt!:~ut in any ;n;ay v:s:aeir.g or d:uha:gin~ the f:ia:tgagors' liab:lit~ here-
i„r or upon the debt heretr~ secwed. No saie ot ihe Frem~ses herrb~ mortgogrd and no forbea•ance on the part of the MORiGAGEE w its sutcessors
~sz~g~s and ~:o exte~sion uf the !~me fer !he paymen! of tne deb! h~re~y sec~red g~+en by tne RIIORTGAGEE or its suceessots or assigns, sSutl operate
~ re~ease, d:scha:ge, modify cha~ge or affect the o:~g~nai l:au~;,ty oi tne ~I.URTGAGOR herrin, either in whole or in pa~t.
10. It is spec•fi;ali~ ogreed tha~ t~me is cf the essence of tt+:s contrad ar.d that no waiver of any obligation hereunder or of the obligaf'an se-
c:~ed hrreby sha't a! any time thereafter be heid Te b_ a warver of the terms hereef o~ of the instruineM secured herby.
11. In auJ.t;o, To rhe (or~qo ~g r~oe~th'q E~:~ym;nts of pnr.c ~ai ar.d ;ncerest reqi~~:ed by the prom~ssory no~e secured hereb~, morlgagQr eovenants
• d ag,ees ro aay to ~:o-tq ~o?e v:rh each •ro~~rh ~ pa;~:-.em an acfci:rFc~~a~ sum cst~~rared by mortgagee to be equal ~0 1; 12 of the annual cosl of the follow-
A-All reaf property taias ~e~~~e~ or aness_•d aga~•~.it tnr aE:ove desvibed real es'ate.
8- Pr~~rn~u~u on f~.e and viirdstc,rm nwra~:ce a> hare~n rc~u.red ~o t~e carr~Pd o~ the ;mprovements s~tuate on the abova described premises.
G Pre~*.;~ms o:~ s~ch mortg;g:: g„a ,-:ry irwr3oC? as ~nortgagee shal: fio:r, : n,e to time deem fit to carry on the toan secured hereby.
Mortgagee s^a:i from t~n:e ~o r:~~-e ~~o!~s~ mort~aaor in wrihng oF the a~r.ouot d~~ and payabfe hereunder and such surn shall thereupon be dve and
~ hie on the dve date of rne cext ,-:o~th:y ~ayr,c:~r and each successive menth tF.c~eafte~ uctii mortq~gee shaH notify mortgagw of a change in such
ovnr. $och :ums shail be appGed by mor~geg•~e towa-d the psyment of real property taxes, insurance prem:ums, and mortgage guaranty insurante
iums.
~ IN Y!liPiESS WHEREOF, f sa~d ~URTGAG02 has hereunto set his hand a~d seal the~ day and ear fi?st afwesaid_
' S~ n d, S nd eliver 'n t resence of:
~ _ f1LEC ~ti.• ?_C~YR~BE~ aq
~ _ 5T. tUC+= ~U;ilt~1' FIA. '
ac:,:.: ~::~~aus ~ ose . ::oy a4
s _ CCfr~, i~~" ilIT CWRt ~
nn i. oy, his ife ~~~n
~ ~ - •°•fCCi~' yrF';jrD ~ ~an
~ _.',=TE OF fLORIOA ~ ~ Zj 9 39 /~{1'75
' : ~'J.'dTY OF _.~~a_I~c~_I e. - _ 1
Beforo me persar.ally appe.:red ASS~nh n~ `~A~r a~d
~nn ~1 rQ~~ his wife, to me well known anl'ltnpw~ao me to bs
~r.dividuals descr7bed in and vvFw executed the foregoing instrument, and acknowtedged before me that they executed ,tj~ Wta/t~occtlls purpoaes
;
~ =~e'n expressed. And the said- ~ ti 1 1 y~r
.•.rc oF the said --------~Q~e[2~1 U. s:Q~ ~....~~~sear prnate
~ -c nat~on by me taken srparate and apart from her said husband, acknowledged to and before me that she exec :s~d fre~ ~ voluo- ~
~ • r and w~shout any compuision, constra~nt, apprei+ens~on, or fea~ of w from her said husband. • : t' ~
~ Y~7TNESS my hand and offiua! soa{ ih~s_ _ 2~1'1Cf day o V•,'..~ •~~~j~M " S
~ ~ • ~ •
~ .
~ ary ublic and for tFK ~41sfy'df
~ My Comm~ssion expires: ~ f ~J ~
Retum to: ~ ~ ' ~
~ i ;rs! Federal Savings 8 loan Assoc~~t:on ' / 9 ~ ~ • _ ~ `J
Of Fort P erc~. 1j1:iH1
~ fort Pier~e, Fioridj -
~ ~
~ -
~ ~ _
~ This Instrument Prepared By -J •"a 1 T%oberts ~ J r. 1y ` ~
~ First Federal Sav~ngs 8 loan Associ tion ~~y~J~ ;
of Fort Pierce, %"~eri ~
~ ~ ~ '~M r ~
~ Checked By ~ ~
~ 8001(~t7~7 PACF41 ~S
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