HomeMy WebLinkAbout0058 3. To p1~ce •nd co~liowusiy kcep on ~he buitdir~s aow w here~fier s:tuare on i•~d ~~nd s.~d on all equ~pmenl ar.d person~lly tore~Ed by thit matq-
•ge, wi~A •11 premiumi ~he~con pa~d in tu11, (i~e insur~nce in the us~ai s+rnda~J po3fcy lorm, in a sum app~ovrd by ~he MGR7GAGEE, apd w~~da~a~m
insur~nct in tl~e uswl s~andard polay 1oim. ie • sum ap~orcd by ~tm ~~ORSGAGEE, ~n suct~ comp~ny a com~sanies ~s tF+~ MOR1GaGfE m~y
d:rect; and aq (ir• ~nd wiodatorm iosura~ce po~K~e~ oe any ol sa~d buitd.nq~. ~ny i~ters~t the~ein o~ part ~hcrco(, io tht ap9re9ate wm a1a~e~t~d a . r:
~n ezcess ~he«o(, shatl contain th~ u~ua1 stendud nwregaq~e dwse cr s~ch o~her cl+use as tiM A1o.~9ag~~ m~y ~eqv:re, m+king the ~oss undnr sa~d potH ,i
ues, tach ~~d tvay, p+ya6?a to sa~d A10RTGAGfE +s i•s i~drrr~t msy appea~. .nd esch ar+d e.Y~y s~~ch po:~cy ihall L•e p~omptly au.gnrd a~ d de:i.•e~cd ~o ;
•n~ h~ld by sa:d AWRIGAGEE as lunher scc~rity to s~~d ~~ortyage debt, and, no~ teu ~han ten ISC) da~s in advanc~ ot ~he eap~~atta? o} e.ch pol~cy, ~o da • `
I~vsr to said MORTGAGEE ~ rtoewal lht~eof. ~oge+ha~ wt~h a ~ece:pt !cr the pre~••~um ot such rc~~e,ns~; ~nd ~fie~• shafl be no f~re or windstwm insw~nce
placed on a~y of s~~d buildinQs, •ny interesl therein a part ~hercof, un~ess in •{.e form a~~d w:~h ihe loss payabte as a4cresa~d; and i~ ~l~e c.r~t any tum
of mon~y becp•+es piyable v~der such po~Ky or polities s+:d )M~R'GAGEE st~all Mve ~1?e opt~on ~o rrceive ~nd apply the same On accoum ot ihe indabted-
ness sacured hereby a b permit sa~d MORTGAGOi~S ~o rtce:re ~~•d uss i1 a u~~ pa~~ ~he:eof for c:i+cr pur~cses, •:~~~.ut Ihncb~ w~iv~•~~ c~ ~~npa~r-
ing ~ny eqvity, lien or r.ghl u~+der or by virtu~ ot th:s ma:aqage; and in the ever.t sa~d AI~RTGAGORS sMal1 :a any ~eaion fail to krep the st~d prem;ses so
inaured, or ~ai! b dr!iver prompllY a^Y of u~d Qolicic• ol in:uraoce to sr~d MORIGAG:f, d ta:l prompfly fo pay 1u:ly ~ny prtmiurn 1fir~t~or o~ in a~y «
re~pect (ait 1o pe~iwrr~, d~uF?arge, execute, effect, canp:Nr, cemply w~~h s~+d ab~de by th~s cove~ant, a any pa~t hrreof, sa~d MGRIGAGEE ma~ p~ace a~~d
pay (or wch inwsance or a~y pt~*t therrof wiikout wa;vin9 a aS(ec:ing any oF:ion, 1'~en, equ~ty. or ri~ht ur.de~ a b~ vinue of this Nla~ga~e, a~d the.
full amouot of each and eve+y svch paymeo~ shall be ir.ur~cd~ately due and E~/abte and sha~l berr Snterest irom ~bs date thereof vntil p..~d at ~ht ~ate o!
n~ne per tentum per snnum a~d togetl:ir v~•i~h s~~ch interost <.nall he aec~red l.y +h~ lie~ o( this mo~tgage.
To ptrmit. commit or sufte~ no waate, i.rpairme~t a de?erioralicn of sz~d proprrty or tny part thereof. ~
S. Yo pay e1l ~nd sifgul~T the crssts, c1?irges and eipenses, inuud~~j a reasonabie attorney's tee and costs et abstracts of title, incurred w p+id af
er,y time by said MORIGAG:E, because d in ~fie evertt of fl+c fa:lure on ~F~e par~ of the said AtpRTGAGOR to duty, p~omptly a~d iv:ly per.'orm, d~scha.ge,
etecute, efiec~, comptete, comply w~~h ard ab'de by cacfi and every ~he stipu:a~~ons, ag~ee~~e~~s, cond~tiw~s, +nd covenants oi ta~d praniasay ~cte a~d this
mongage any w either, and sa:d cos~s. char9es and ex~xnses, each a~d every, sFkil be immed+rte:y due and payaEle; whc~fir? u no1 ~here be no!Ke de~
mand, ~uempl to colkct or w~t pend~ng; a~?d the tull amcunt of er.h and ever~ such paymcro shall I~ea~ interes~ (rom the date thercaf vntil paid at the i
rete of n:na Qet ceniom prr an+w:-~; ~ex! a:t sa:d costs, cha:3ca and txpr~~ses ~~.cur~rd w pa~d, toge~her wdh such in~uesf, shall be secu~ed by the Grn of this ~
mortgage.
6. Thaf (a) in t!?e event oi any breach ef this N'~crtg~ge or delauft on th- pa~t of tht A:OR7GAGOR, or (b) in the evenl any oi sud svms of mo~?ey
he~ein re{erred to be no1 prompt!y and fulfy paid within th~rly (3U) days ne~c~ a*ter 1!x same setit~a:ty become due snd payabk, without demand o~ notite.
cr (c) in ~he event each and every tha sti~.utations, ayreemer.ts, cer.c~i:~o~s and covenants o~ sa d promiuory note and th~s mortqage e~y a e+ther ars ~w1
a:,iy, psorcFtly and fully pertormed, ~'sctw~ged, czec~trd, esfec~ed, comp4sed. co:rpl~ed r.~+h a~.d ab~ded by, then in eirher a any such even~ the sa;d eg
grega~e sum meotioned in s~id promiuory note then ~en-.a~~ing unpa~d, w~th ir.~eroft acc+ued, and a:l moneys secured he~eby. shall betome due anti pay-
ebte torthwith, or thcrei(ter, at the op!ic~ of uid MOR1vAGEE, as fulty a~:~ cor+p:e~ely as if atl of ~he said surris e~ money were wginatly s?:pulated
to 6e pw:d o~ such dty, snything in aa.d prom:uory rate or in ~his t.latgage !o ~he co~+rary notr.•~thsranding; and thereupon w the~eafter at ~he option of
~a~d MORTGAGEE, withovt noHce or demand, wit at kvi a ie equ~ty, there`.ore or tF~reafier begon, may be prosecutcd as if all mo~ys secured l~ereby
had maluted prior to ih i~utitufion.
T. Thaf in the event that at the beginnirg e~ ar at any time pend~ng any su~t uFon tF.Ez /.'o-tgage, or to ioredose it, or to reform it, or to enfwce ~
paymeM of any claims hereunder, said A~tORIGAGEE shall apply to the Court lwving jwisd~ct:c~ the;ecf {or the ~ppo~~tment of ~ Rece~ver, auth tourt sfiaN #
fo~ahwi:h appoint s.e:etver of sa~d nortgaged ~.roperty ali and sinyu'ar, inc;ud.r~g a~l and sing~•r? the incortx, p~ofits, ~ssues ~nd revenues f?om whatever
so~~ce derived, esch and eve~y ot wh~ch, it bcir.g !XPfESSty unde•s:oed, ia F.ereby morigeged as if specifically set forth and dewibed in tlro granring and ;
habcndum c'auus he:eof, and svch Receiver shati have a:l fhe broad and eifec~ive fur.cs~o~s and pov•er= in a~ywise entrusted by ~ Court fo~a Receiver, and
stcfi appointment shaN be made by svch Court as an admistcd eqv~t.y a:xJ a R+aner of absbi~te r~ght to said MORTGhGEE, and withaut reference to the ~
edequecy er in~dequaq of the ~al~re ef ~he prope~~y mortgaged or to tht so..ency er ~neolvc~c~ 04 sa~d N.ORTGAGOR er tfie deieodants, aad that such ;
renss, profits, incane, iuves ~nd revcnues sha11 be sppl~ed by such Rece~ve~ accerd~ng to the i~en a equity of said /.10RTGAGEE ~nd tMe practice of such }
Courf.
B,,Te dvly, prompfly a~+d fully per~orm, d:scharge, exccute, ef{ect, co~letc, camp{y witfi sr.d sbide by each ar+d every ihe slipulations, ~agreernents, i
cond~iwns and covenants in u~d promissory no:e snd this mortgage set fcrth_ `
4. That in thc eveM the ownershi~ oi the rrartg~oed p~emises, w a~y part flxreof, bccornes vested in a person other than the MORTGAGOR, tl+e
A'.ORTGAGEF, its successors ar+d auig~s, may, wis!?out no•;ce to tfie :l•CRTGAOR, deat w~th e~ch succcssw d successo~ in interesl with reference to thia
r~ortgsge ar.d the debt hereby setvred in the szme man,~er as wi~h f.SOrtgagor w~:hout in sny way vitiatirg or diuharging the Mutgagors' liability F?era
v~der w upon the dEbt hereby secuied. No sa:s of the Frem~ses h~reb~ mortgaged and no }orbrarance on the part oF the MURTGAGEE w iss successws
or ass~gns and no extension of the time ~or the payment of .the dtbt harrby aecu~ed. g~ven by the hSORTGAGEE or i~s successas or ~ssigns, a5af1 operale
to releix, dixhsrge, nwclify thar.ge a afiett tfie or~g+nai liaoility of the MURiGAGOR here+n, either in whok ot in parf.
10. It is spec~fically agreed that tine i~ of the esscnce of ~his contracf and fhat no waiver of sMr obtigation hereunder or of the obligation se-
cvrcd hereby shall at any time thereafter t~e held to b~ a wairer oE tF?e tcrms hereof w of the instrumeM secured hefby. ~
11. In add:tiua to the fo~tgo:ng monthly payment: o( prin~ ~a! and imerest ~equired by the prom+sscry note setwtd hcreby, mortgagor toven~~is
and agrees ~o pay to moAgagee w~:h each monthly payner.t an add~:~onal sum est~mated b~ me::gagee to be equsl to 1 j 12 of the annual cost of the fo~low-
i:y:
A-Aq rea) property taxes leried or assessed aga:~st thc above desc*~bed real eatate.
6-Premivms oo fire and winds~orm ~nsurance as here~n requ:red to be carricd on tM ~masoveme:+~s tituate o~ tt+e above desuibed premius.
C-Premiums on wth mortgage guar:nly ir.sura~:ce gs mortga5ee shall from teme to fime deem fi: to carry on ine loen setured hereby.
Mortgagee shaS{ from ~irr.e to time notefy mortsagcr ~n w.~t~ng oi the ar..ou~t dve and payable hereunder and such su:n sMll thereupon be d~x end
Fryeble on the due date of the ne:t mor+thly payment and each successive month thercaf~er u~.til mortgegee shall not}fy mohgagw of a change in s~ch
emo~nt. Such sums sha}I be apatied by mortgrgce tov.a-d the paym~eni of a rope.ty taxes, i~:~ e, prem:ums, and mwtgage guaranty iesur~nce
, p;emiums. -
IN WIiNESS WHERfOf, the u~d N.OR7GkGOR ha reur+to is and y nd r first efor id
Sig ~nd r in tlx pr . `
~ " _ Z ~~n
~ in . u ca y
, e o n
i ~ - ~Seeq
^ - ara . o r e en . u ca y
~
i SA7E Of fLORID/l
SS.
~ cour~nr vF St. Lucie ~
~ Belwe me persw~elly appeared DarNrin G. Muleahv and Helen L, Mulcahv; his wife ,,,d
f Warren E. Roler and Sarah .I. Roler his wile, to me wetl k~+own a~d known to rrK to be
F +he ind~viduais desuibcd in and who exewted the toregang instrvment, and acknowiedged bcfore me that 1heK exetuted the same iw the purposes
~ ~h~,.;~ ~x~K~d. a,a t~ :~~a Helen L Mulcahv and Sarah J. Roler~ rasnect~l_v~ _
; ~~~tye
o~ tM said Darwin G. MUZC tl T1Cj W rren E. l~Olet , vpa+ a sepa.ate snd private
` E~TR:ifl7ftiOR by me taken scparate and ap+~rt from~rf'sa"+d husba~ztknow:ed ed to end be.`we me that executed said ins~rument treely tnd vofun-
~ trify a~d withovt any tompvlsion, tonstraint, epprehex:c~, or f r cf or irem~"said huabandS•
' Y~~it~iSS my ha~d rnd of:ie~ri seet th~s __~_~_~X~ dey =f----- ~ul , A. Q. 19 75
~
` 1flE'D Ittti: RECOROE ~otary Pu ' end for the State of Florida at Large _
' ST. LUCiE COUNtY f'~lby Comm~ssiot? exp~ros:
` aerur, to: • ROCE~ •nEtRA S Tk?,..r P:'.':c. ~~:t~ a<
~ first federal Ssvir s b loan l,ssoci~tion V ? • ~ ~
'9 C~.ERR Ci~'.:iV~1~ h`.,• C'r r,:.i,:.a :~rr 1577
Of Fort P~erce. RFC~k? Y: F t= i~ ~ _ .
E:: • i~ i.~.:_.': s~' G:>::.::t~ Co.
Fort Pie.ce, Fbrida
. tJ ! 29 PM'15 . .
~ ~132~ ~ ~ ~
' This Instrument Prepared By Gary F, Ellwood _ ~ v
First Federal Savings ~ Loan Association ' -
i of Fort Pierce , Florida • ~ - . ,
Checked By , , ~ ~ ~ .
; B~~R ~ ~ ~ ~ • ~ ;
_ ~
~ F
.
: t , . - ~ ~ 5~1
f ~
. . y„
a sti-_h.
?~K ~m.~~~ ~,~s~ r ~ r
~ ' - r "a"°m^~"~ Ht
~ . ~ ~ .