HomeMy WebLinkAbout0068 3. To pfac~ and continuously keep on ~he bu;!di~gs now w hereafter situare on sa~d land u+d on all equipmeM and p~rsonally covt~ed by this mwt9-
ege, with ~il premiumt thereon paid in lull, lire insurence ~n Ihs usual a~andard poticy form, I~ a sum apptovad by IM MORtGAGEE, artd windstam
~nsursnce in tM uswl ~tanda~d pol;cy 1orm, in a sum approved by tF» MORTGAGEE, in suth company a tompanies as th~ MORTGAGEE may
dned; and all fir~ ~nd windsro~m inswance policies oa any o( said buiW~nys, ~ny interesl thtrei~ w pa?t tlKreof, in the +ggre9ate sun+ aiortsaid p •
in exceu Ihereof. shell contain ths uwal ~tandard ma~gagee clause w such o~he. dause ss tM lNo+~yagN may requ~~~, makinp tM bss und~r ta~d po14 . .
cias, eath and every, payabte ro said MORTGAGEE as its inleresl may appesr, ~nd each and every soch policy shall be promptly ~u.gntd and delivered 10 ~
eny held by said MORTGAGEE as furlher sec~ri~y to saiJ mortgage debt, and, ~ot iess thao ten (IOI days in sdva~xe of the expi~~tion of each pol~cy, to da t
I~~er ro said MORTGAGEE a re~uw~l thereof, toqe~her wifh a ~aeipt (o~ the prrmium of such renewal; a~d ther~ ahall be no f~re w windstorm inwranc~ y
placed on any oi iaid buildings, any intereit thcrein or parf thereof, un(ess in the (orm and with ~he lou payable as afuesaid; a~d in the event ~ny ivm ~
of mor?ey becomes payable undcr suth polity w poYcies uid MORTGAGEE shaU have ~ha opt~on to reteive and appty tM sam~ on accoum of the indeb~ed~
neu secured htreb a to rmil said MORTGAGORS to reteive and use it or en ar1 thareo( fo~ othcr a~m ir- `
Y pe Y P Purposes. vr~hput Iharrut waivi,ig pa ~ i
ing any equ~y, lien a right uode~ a by virtue of this mw'gaye; aed in the event wid MORTGAGORS shall tot any reason fail to keep 1he sa~d prtmises so
Insvred, or fail to deliver promptly any of said pol;ctes of insurance to sa~d MORTGAGEE, w lail promptly to pay fully any premium therefw w in any • E
~espect fail ro perform, d~scharge, execute, e~fed, coniplete, comply with a~xl abide by th~s covenant, or any paft hereof, said MGRTGAGEE may plxe and
pay for such insurance w any part tf~ereof without waiving or affectin~ any opnon, tien, equity, or right under o? by virtus of this Malgage, and the
f~Il amovnt of each and eve~y su<h payment sh~t! be immedistely d~e and payabfe and shall bear interesl from the date thereot until paid at the rat~ of
~~~~~e per centum pe~ annum and to~etner with such imerest shal~ br secured Ly the Gen of th~s morfgage.
~
1. To pe~mil, tommit or suf(er no waste, impairment or deterioration oi sa~d propcrty w sny pa?t ihereof,
S. To pay al~ and singular the costs, charges snd expenses, inctud~ng s reasonable attaney i fee and costs of abstracts of fitls, incuned w paid at
any tlma by sa+d MORTGAGEE, because a in ~he evant of the faliure on the pa~f of the said MORTGAGOR to duly, promptly and iully pe~fam, d~uharge,
~xecute, ef(ect, complete, comply w~th and ab~de by each and eve?y the stip~lat~ons, agrrements, conditions, and covenann of seid promiswry note and thi~ j
n:orrgage any or e'oher, and aa:d costs, charges and expenses, each and every, shall be immediately due and payabie; wbether w nm there be notite do- '
n:and, artempt to colfed or suit pending; and the full amount of each and every such paymeot shall bear interest from the date thereof until paid af tF~e i
•..r~ oF n~ne per crnrum ~r annum; ane: aU said CGSti~ charges and ex;xnses incurred w paid, together w~fh such interest, shall b~ secured by the lien o1 thif i
mcrtgage.
6. ihat (a) in the event of any brrach of this Mortgage or defaul~ on the part of thr MORTGAGOR, or (b) in the eveaN any of ssid sums of oroney
here~n referred to be not promptly and fully paid w~thin ihlrty 130! dats ne:t a:rer the same severatly become due and payab~e, without dem~nd w notice,
or {c) i~ the event each and every the st~putations, agreements, cond~t~ons and co~pnants ol~-sa~d p~omiuory note and 1h~s mortgage any o~ eithcr are not
1viy, promptiy and fully performed, d~scharged, exec~ted, eifectcd, complet~.~, compiidd wl~~i and ~b~ded Sy, then in either w any iuch event the said ag
~~egate sum mentioned in said prom~sswy note then remaining unpaid, with'interest accrued, and all money~ secured hereby, shall betome due and pay-
no~e (onhwith, w thereaftcr, at the opr~an of sa~d MORTGAGEE, as fuily and compietely as i( all of the sa+d sums of money were o~~ginaHy sGpulated 'i
ro ne pa:d oo suth day, anything io sa:d prom~sswy note w in this Mortgagr to the cantrary notwithstandbig; and therevpon w thereafter al /he optio~ of f
s3:d MORTGAGEE, wahoW not~te o~ demand, suit at law or in equity, thereFwe or tt~ereafier begun, may be prosecuted as if sll mor~eys secured htreby ~
n~d m~tuflt~ Pn0! t0 it6 inStitutiWl. ~
7. That in the event that at the beginning of or at any time pending any su~t upon this Mwtgage, w to foreclose it, w fo reform it, or to enforce
; a;ment of aoy ctaims he~eunder, sa~d MORTGAGcE shall apply ta the Court havir.g ~u~isd~ct;on thereof for the appointment of a Reteiver, such Court shall
•r^wi!h appo]nt a receiver of said mortgaged property a11 and singular, inctud.ng ail a~d sinouiar the income, profits, iuues snd revenues from whatever
s, ,~c~ d~tived, each ar.d every ol wh~ch, ir being expsess~y unde~stoad, is F.ereoy mortgaged as if speufically sef fatb and destr~bed in tt?e g~anting and -
I;:~endvm dauses hereof, and such Recei~er ahall have all the broad and effecrive func!.ons and pawers in anywise eMrusted by a Covrt 1o a Receiver, and `
s:h appoimmrnt shali be made by such Court as an ad:ni!red equity and a matter of abso;ute right to said MORTGAGEE, ~nd withaut reference to the ~
'd~q~,;,cY or inadequacy oi the value of the property mor~gaged or to the so~vency or ~nsolvency oI said MORiGAGOR on the defendanti, and that such
+s, prof;ts, inco.ne, issues and revenues sha!I be a ~ied b suth Receiver atcard+~i to the iien or !
PA' Y g equity of said MORTGAGEE and the p~actice of a~ch -
Court. `
i
j
8. To du!y, promptly and fulty periorm, discharge, execut?, effect, compiete, co~~~N!y w~th and abide by each and every the stipulations, agrcements,
_,~ditions and covenants m sa~d promissory nute ~nd this mortgage set forth.
~ 9. That in the event rhe owr.ersh,p of th~ mortgage3 pre•r,ises, or any part thereof, b¢~omes vested in a perwn other fhan ihe MORTGAGOR, 1he
' :~RiGAGE[, its successors and assiy-ns, nay, wi:hour nor~ce to the :d02TGApR, deal w,~th such successor or successor in i~teresf with reterence to this
=•rgage ar.d the d~bf hereby sew~ed in the sa~e manr.~r as w~sh ft::rtgago. w~thout in any .yay vit;ating w d~xharging the Mortgagors' !iability here-
;~J o~ upon the debt hereby secwrd. tdo sa'e ei ~)~e Frem.~ses hereby rnortgaged ar.d no (orbearance on the part of the MORTGAGEE or its suecessors -
cr assigns and no exrensior, of the time fw ihe payment of tne debT hrreby secured given by the MORTGAGEE or its successors or'ass~gns, alwll operate
r~ ease, d~scharge,-modify change or affect tne orig;na! iiao:t+ty o~ t?,e !.'IORTGAGOR herein, either in whole o~ in part.
10_ It is sper.ficalty agreed that ttme is of rho essence of thls cornract and that ~o waiver of any obligation hereunder or of the obligation st
-~red hcreby sfia!i at any time rhereafter be neld to be a rfa~ver of thr lerms hereof or of 1he instrument secured herby.
I1. (n add.ne~ to ihe ieregong :~ionrhiy p,ym~nn of Fr.;nc,ai and in!e•est :equ+red by the promissory note setured hereby, mwigagor covenanis
~ d r.g~ees to pay to neor~gay~e v.~th each mortthiy p:jyr.,cnt an odd:<~una! svm ~st~mated by mortgagee fo be equai to 1 ~12 0~ the annua! tost of ihe follow-
A-Afl real property ta.ces levied or assess_d aga~~ist rtie aoove descnbed r:-aI estate.
, 6-Frem;ums on fire and wmdsta;m ~nsura-ce as her~(n requ~red to bz carried on the ~mp~ovements situate on the above described premises. ;
C-Pre:niums on ;~ch mort~sge gua•a~ty irsura•,ce as me•rgacee sha(t frcm rrne r~ :ime deem fif to carry on the loan secured hereby. ;
'dortgagee s~a:i trom rirne to t~n•e netify mo+~yagc~ ~n writing of the a•- o~m due and payable hereunder and such sum shall thereupon be due and %
on the due date of ~h: next mOnih!y pay.renr and each success~ve n;onih mereatter ur.tit mwtgagee shall notify mo:tgagar of a cha'nge in such
.nt. Such sums sha:I be apy:~ed by mortgag?e ~oward the payment of real property taaes, insurance prem:ums, and mortgage guaranty insurance
. . _ `::JR`S. '
!N YJlTNESS Y.'HE , t id MORTGi+GOR hes hereu~to set his hard and seal the day and first ~oreuid.
~ o e r e presence of: '
~ - Q'GCC~ a0
i _ _ ic ar . aia
: r~- _t. ~ . (sea9
; " Bett . aia
- - - . r~q -
i .
! S;ATE OF RORIDA ~ i
~ C~U~JTY OF _ St. LDC~@ j .
~ „ Richard F. Raia
Before me prrsona~~y appeared _
! Betty A. Raia
; - his wife, to me well known and known to me to be
~ irtd~vidvals desvibed in and who executed the foregoing instrument, and acknowledged befwe me that they executed`t~~+~.fiot'the purposes
E etn expressed. And ihe sa~d A Ra ia
~ ~e of the said R1C a 7 . a ia ~ ,
Vµln a ~fp~~at! ~od private
! nat6on by me taken separate and apart from her sa~d husband, scknowledged to and befwe me that xecut ir~ rymgn~frE~l~l.artd volun-
~ ~ ard withevt any compulsion, constrair.t, apprehens:on, or fear o from her said husband. J 2 i
~ • ~ % • 75
; Y~I?NESS my hand and official seal th~s_ 18th ddy '~,b.;~~_ i
E " ~ 1~ ~
,
~ ~
` Notary Pu ' in and fot 1 f ~Y~e
~ My Commifseon eapires: ' ? ;
Re!urn To: 1 . ~t
~ ` •1~
: irst Federal Savings 3 loan Assxiat~on
! ' ~i... >>i
! Of Fort P~erce. - +~N~11
~ F o r t P i e r c e, f i or~ d a N~~ a~'` ~~ri~b ~t wr g~ -
Mr Co,~,?,n::.n b~'re~ 1an. 3J, f sTo
i~ndar by Ame~ec~n litr ~ Cat+dyr a?
~ .
` J Hal Roberts Jr. ~~'I~
( This Instrumenf Prepared By • ~ f,, F ~~~ECUqpE~ I ;
E First Federal Savings ~ loan Association RO~~-: p.~~~TYf~/,
~ of Fort Pierce ~ Rlorida 33450 R~, ~CEP AA
•K C~F a
M1 r,c ~l~l ~p GOURt ~
~ Checked By: Ju` ~r~ ~'30~`""~+ ~
~i !
~ ~T
~ ~ ~
6QCK ~T~~. PA(~ - ~ ~
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~
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~~y~p, ~ ~ : ~ ~ .
¢ ~ F -~...~'n, - C.~
_ , . '~~Y~~r
a.e . : . .