HomeMy WebLinkAbout0062 9. To plu~ and cont~nua,sly keep on the bu~!dings ~ow w hereairer ~~rva~e on sa;d laod and a+ all equ~pment and personally covKed by thii mort~
egs, with dl {xemiums therean paid in lull, (ire insurance i~ the u~uat stardarJ polity form, in ~ sum approv~d by tM MOR~GAGEE, and wind~rorm
msurant~ 7n Ih~ utw) ttandard {ro+~p fwm, in • s~m app~oved by ~he MORTC~AGEE, in tuCh Cumpany pr ~pmpaoiff ~s ~M MORTGAGEE m~y '
d~red; and all fire and windatorm insurance policies oo any of sa~d bvild~nqs, any in?erest therein or parl theraof, in the aqgreqat~ ium afaesaid a
in exctss Ihereoi, ihw~l con?ain the uiual standard matyagas clause a such o~her claus~ as the Maigagas may requ~r~,- maMirq fM lou undsr sa~d polf . ~
c~e~, each sod ave~y, payable ro said MORTGAGEE af ~ts ~nterest r.,ay appear, and each and every a~ch po~~cy shall be promptiy •sa.g~~rd and det~vered ~o
any held by said MORTGAGEE as furthe~ sscurity fo seid mor+gaga debt, and, nol leu 1ha~ ten (10) days in ad+ance of the expirat~on of each policy, to dh
t~ver fo :aid MORiGAGEE a renewal thercof, loqetlwr v?ith a rece~pt (w the prernium of svch re~ewal; and Ihare shall be ~O iirs or winds~o~m insuruKe
p~eced on any oi wid b~ildings,.any iniere~t therei~ w pa~t thereof, unlrs~ in ~he form and wirh the loss payahle as aforesaid; and in the eveM any tum
of money becwnes payabte ur~de~ such policy a pol~cies w~J MORTGAGEE ~hall have the apt~on tp receive and apply the same on ~ccoum ot tM i~dabted-
nesi srtu~ed hereby o~ to permit said MORTGAGORS to r~ceive a~d us~ i1 or any parl ~hrreoi for orn~r pvrF~oses, wiihout ~h+na~ wai~in~ c~ vnpair- .
ing any eqvity, lian w right under w by virtue of Ihis mc:ty~ge; and in the event wid MORTGAGpRS sFwl! fa any reason tail to kerp the said pramius so
~nnured, a fail fo defivor promptly any of said poficies o( i~~surance to sa~d MORTGAGEE, w fail promptly to pay-fully any premium there~w w io any
respect tai! ro perEorm, dncharge, execute, ef(ect, complete, camply wirh and ab~de by th~s tovenant, a aMr part ha?eof, said MORTGAGEE may p+ace and
pav ta suth insurance or any part thereof w~thouf waivi~~g w affecting any oprion, lien, equity, or right u~der a by virtw of this Mwtgage, and the
f~ll amounl of each and e.e~y such peyment shall be immediately d~e and pa~ab!e and shall bear i~terest from the date thereof umil paid at the rate ol
~~~•~e per cent~m per annum and fo3:tLar with s~ch intrr~s~ shali be sawred by the Gen oi this mat9age. i
To permit, tommit x suffer no waste, impeirment or deteriorat~o~ o( sa~d propcrty or any pari thtreof. i
S. lo pey all and singular the costs, charget and expenses, incl~d~ng a reasonabie atto~ney's fee and costs of sbstracts of title, incu~red or paid at }
any time by said MCRTGAGEE, betause o? m the event ot the fo~lure on ~ne part of the saed MORTGAGOR to duly, promptly and fuily perlwm, d~xharqe, ~
e.ec~te, effec~. complete, cornply w~th and ab:de by each and every the stipulat~ons, agrc~•nents, condit~ont, and covenants of said promiswry note and th~t
~:o•rgage any w e~~htr, and sa d coats, cbarges ard expenses, each and every, shafl tv~ imrr.ediateiy due aAd payable; whether p not there be notice do- ~
mand, atrempt to collect w suit pend~ng; and the ful! a~nount of each and every s~ch paymeM shall bea~ interesl irom the date ihereof uatil paid at the ?
r u% n~ne per crnt~m pa:r annurn; ond alf soid costs, :har3es and e~.;,~~r.ses inc~rred o~ pald, sogrther w~Ih suth interesl, shall be sec~red by the lien of this
mortgaye.
b. That (a) i~ the event of any breach ot this Mortgaga or default o~ tt~ part of the h!ORTGAGCR, w(b) in the event any of sa:d sums of money
herein ~efer~ed to be not prompNy and fully pa~d with~n lhuty (30) days next artcr the seme severa;ly become due anc: payable, wi~hout demand w rwtice, _
or (c) in the evcnt eath and every the stipu:ations, agreemen~s, con~~tions and covenants of sa.d promissory oote aod thls mwfyage any or eithet are nol `
1u`y, p~ompNy and f~lly performed, d,s;harg_d, e~ecutrd, eflected, canp:e~ed, co~np:~ed :v+th ar.d abided hy, then in either a any such eveM Ihe said ag ~
gregate svm nxntioned in sa~d pro~nnso.y nc!e the~ remain~ng unpa~d, with interav accr~ed, and aii meneys setur~ hereby, shall become duC and pay- ~
ao'r forihwith, or thereafter, at the opc~c~ o~ seid MORiGAGEE, aa futly anc! cemp(r!r:y as if all of ~he sa;d sums of money were a~ginally stiputated
ro ha pa:d on wth day, anyth~ng in sa d Frem~szory note er in this Nortgaga to the tontrary not,nrithstanding; and thereupon or thereafter at Ihe Option of
s.:d h10RTGAGEE, withuut not,te or ~+~mand, s~it at law or in equay, thercfore or t!~erealter begvn, may be prosetuted as if all moneys setured h~reby
r::d rna~urea prwr ~O dl i'ut:tutiOn. -
7. Thae in rhe evem that af rhe Eegirtn'ng cf w at any T~me pa.~d:ng any sr;t ~t~n rh~s Morrgage, or to ~aeclose it, w to reform it, or to eniwte
,;ment of any ciaims hereund_r, Sdid MOkT('iAG:' >hail appiy tu th~ Coun h.;.~~.y ;unsd~crion t~,ereof for the appo~ntment of a Receiver, such Court shall
f~-.~•'with appcvnt a receiver of said mo.igayad pro~trty ait and singuiar, inc'wl,:~g a~~d s~n~vEar 1l~e intome, profits, issues and revenues from whateve~
s~ „•ce de~ived, each and every of w'~:rh, ~t being rxpressly unde=srued, is hereby r.;cr!yaged as if speuficalty se1 (wth and deuribed in the granting and _ i
t a!,e~~dum uausrs herrof, and such Recerver shalt hn,e ali the brcad and vffecnre f~."CLU~~S and powers in anywise entrusted by a Cowt to a Receiver, and i
s__h appointment shali be made by such Ccurt as an ad nitted eqvity and a manei of abso4ut~ right to said MORTGAGEE, and without re(erence to the
ec!_ ;:,acy or inadequacy of the vaiue of the property mortgeged o~ te the so,vency cr ~+:<o~vency o( sa~d MORTGAGOR u the defendanb, and fhat suth
~ •s. p:ofits, income, issues aiui revenues shait be applied by such Receiver acccrd:ng ~o the I~en or equity of said ldORiGAGEE and the practice of such
Cc~rt.
8. To duly, promptly and fuUy perfor~~, d'nchar~e, execu!e, effecr, complete, con,piy w~th and abide by each and every the stipufations, agreemtnts, '
=_~:d~!~ens and covenan;s ~n said promissory note and ihls mortgage set fo~th.
9. Th;t in the ev=rt the ownership of the mertgaged preTisef or any part thereol, becomes vested in a persen other than the MORTGAGpR, ihe ~
:~RTvAGEt, its successors and assigns, ~ray, wi:heui nohce to +~e A!OP,TGI•.O(F. deal »virh such succeasor a successor in interest with referersce fo ihis ~
r~a~e dnd the debt t,c~eby sec~red in tne same mann~r as w~th N,or:yago• .vnh,;ut in any way vit~ating or d~xharging the Mortgagori liability he~r
r or upon the debt heret,y secv.ed. .1o s~:~ af t%~e preEnises here5y mortgagrd and no forbearar+ee on the part of the MORTGAGEE w its auteessors
as:grts and no exrens~o~ of the t,me io- the µy,.ent of rhe debt hr~rby secured g:ven by the MORTGAGEE or ih successors or auigns, aiwll'operate
re re•ease, d:scnarge, mod~fy char.9e or a~fect the o: ~g~nai iia~:;~ty of ttie I1.URiGAGOR herein, either in who~e or in part.
10. tt is spec:!ically ag~eed tha! time is of the esser.ce of th~s co~rract and thal no waiver of any o6ligation hereunder or of the obligatan se-
c.,~ed hereby shafl at any ti:ne thereafte~ be held to be a warver of the 'erms he~eoi w o~ the instrumeM secured horby.
l l. M acid•t~~:, to tne fo.ego'~~g ~~~o-~iry p:,~m~nrs of ~;r~-~c Hal a~d ine~_res~ requ::ed by the promissory nore sccured hereby, mortgagor tovenants b
+-d aarees to pay to r~torsga~~o v.,rh ~ach ^~,Or.ti~iy F.ayr.:ent an aod.~io.~a: suni t•s!~•na!ed by mo~tgagee to be eqoai to 1;`12 of the amual cost of the follow-
A-All rea! p:operty taxzs lev~~;: cr ast^s~.~•d eg .s1 the above dcsni!-_!1 r,a! estate.
8-Grem;u~^s on fire anA ~wiodstorm insvrancr az here~n req~;red to be car-ied on the improvements situate on fhe abOVC described premisCS.
C-Prerr.~~1:• s o:i such rt.ortg3gn gua~~~,ty ;esu-a~..e as mortgagee sh~;1 frorr. trne to firne deem fit to carry on the loan secured hereby. y
Mortgagee s~3.: f~cm ti~r.e to t~me r.cri;y mortgagor ~n wrct:ng of the a~o~~t dvF and payabie hereunder and such svrn shall t!~ereupan be due and ~
:i~!e on tho doe care o{ the ::r.<t •~:onendy pa~~~e~;r,and e;ch succezsive mor.th the!eaft~r ~r,til mortgagee shall notify mortgagot of a ehange in such ~
s,nr. Sxh sums sha:i be applied by nwr!gag:e fo•~a:d the payment of reaI property taxes, insurance prem:urns, and morlgage quaranty insurance
. _ . .~;ms. .
iN ti~IINESS 1'NER~Of, the sa~d NORTGAGOR has hsrev~to set his hand and seal the day and year first afwesaid. ~
gned, Sealed e ered i the presence of: p
0 . f 1 t
_ - - - {Se~q
- (Seal) i
_
(Seaq i
I ~ OF FLORIDA ` ~
! . ~ u. ~
i : i`.,NTY OF ~S't'~ ~•'Q' _ _ ~ ~ ~ ~
f , Bernice M. Carder a single adult
~ Before rt+e persona.fy appeared f f ~
~~d
' Mlw11i, to me well known and known to me to be ~
! r- lndividuai desuibed in and who executed the foregoing instrument, and scknowledgsd before me that ~e executed the samO {or (F~q ~piitposes !
~ ;h<.oin exp~essed. fMd'~hN"s3id-_ • •
f '
I l.'~'FT' ~Jf ~~b _ . . . . . .
' -••~,;,a~ie~rb~rme eakerz~?~,arate?ar~-bparr(rar?rher saRJrttGSbartd-atln~vfEdg~io a+R!-f~fbr!'~nl~rftat she~xeNted~d 1~t~~rutf~lnr
!
: +•-+ti~nd~wi~,vo+lny-cv~r+pv~stoe~-~afsmafnr,app~he?nlar,r ftar~torhan'he~-saaiif?ostrand - ~
" _WIiNESS my hand and ofiic~al seal th~s__ _ day of ~:/?.~bo19~ '
~ F~LEO aNQ RECORDED ~ ~
, ST• WCIE COUNTY FLA. " " ~ ~
ROCER P4itRAS Notary Public in •and w the State of Fforiaa at larga ~ ~
CLEAK C13CtlIT COURT My Commission expires: f~~ ~O ~Q 7,1q ~
Ret~m 10: RE^.ORD tiEkIFlEO ~ ,
rrst federal Sar~ngs a Loan ksscciat:on ' ~
Of Fort V:e: ce. 13 ! 29 PH ~ ~ ~
Fo~t Picrte, Flerid~
~ ~ ~ ~
This Instrument Prepared By J. Hal Roberts~ r.
l First Federal Savings 8~ Loan Associafion
of Fort Pierce r Florida 33450
j Checked By
800K~~ ~'AfE ~ -
- csw ~
~ ~ ~ r _
~ t~
K~ y,~ ~ ,~<s'£' r° _ ~ 5 e~1S
_ . ~_r~~~~~'~~'~ _ ~