HomeMy WebLinkAbout0072 3. To place and continvowly keep on tM buL'di~gs now a he~ra4rer iiwata on ~aid ~and and on all equipment +nd personally covered by thii mort~
ege, with ill p~emivms lhereon pa~d in full, fire insurance m the ~sual ~ta~xlard policy form, i~ a sum approvtd by the MORiGAGEE, •nd wind~torm
~niura~ct In tM usua) s~andard pol~cy fam, in a sum epp:oved by ~he MORTGAGEE, ln fuch canpany w compan~es u the MORTGACaEE may '
dnectj u+d all tirs and wtndstorm inswance poliues on any of said bu~ld~ngs, any Ioteresl Iherei~ or part thereo(, io tM agyrcy~t~ wm aiw~said or
~n excess thereof, thaM con~ai~ the usual standa~d mor~gagee dause a such o~her c~su~e as the Mortqage~ m~y requ~r~, maklnq the los~ u~de~ w~d polF _ l~
cles, eath and ewry, payab!e ro taid MORTGAGEE ai its intrr.st may appaar, and each and every such policy shall be promptty ass gned and detivercd ~o
eny held py said MORIGAGEE af further security to uid morlyage Jrb1, and, not teu than len (10) days i~ advance of the expira~ion of eath pol~ty, lo da
I~ver to ~ MORTGAGEE a renewal thereof, toqe~her weth a~eceipl ior the prrmium ot such re~ewal; and there shall bt no fi?e or winditorm insu~ant~
pleced ai ~~y ol taid buildirys, any iroerett there~n w par~ eherF:of, u~~vss in ~he torm and with the loss payebte at afaesaid; end in ~he event any sum
of money pecomei payabk unde? such policy W pal:cies asid MORTGAGEE stwll have ~he opt~or? to receive and appty IM iame on account of the Indebted-
nrss secured hereby w to pt~mit said MORTGAGORS to rcttive and use it w any part t?~ereo! for othcr purposes, ~vithout th:~co~ waiv~~ig o~ ~mpair-
ing any equ~ty, IiM Or ~i9F1f UtK~N Of by virtue of this mortga9e; a~d in the event said MORiGAGpRS shall fot sny reason faii to keep the saitl premises so 1
~nsurrd, or fail Io deliver promptly any of said po~~cies of inswance ~o said MO~TTGAGEE, or lail promptly to pay fully any premium therelw w in a~y
respect fail to per(wm, discharge, execute, eifect, tompJete, comply with and aD~de by th~s tovenant, w any part hrreof, said MORTGAGEE msy place a~.d ;
pay fw such insurante or any parl lhereof w~thov? wa~v~ng a affecting any opt~on, lien, equ~ly, or right under or by virtue ot this Mor?gage, aod the ~
f~:l amuunt of each aod every such payment shell he ~m,nediately due and payable and shalt bear interei~ f~om the date thereof vnti~ paid at the ~ate ol ;
,~x per centum pe~ annum a~d to~ether w+th such imr:est shall be sr:ured by Ihe tiert o( thia mortgaga
4. To permil, commit or suffer no wa~te, impairment or detr~toration of sa~d properfy o~ any pan thereof.
S. To pay all end singulu the cosls, charges and rz~xnses, includireg a reaso~iable attaney i fee and wsts of abstract~ of title, Ir~curred or paid a1
3oy tim.e by said MORiGAGfE, betause or in the ever.t o( tt~ fa~iure on the par~ oi the sa~d MORTG/?GOR to duly, promptly and fully perlwm, discharge,
~=acute, eftett, tomp:ero, comply w~~h and ab:de by each and every the sGpulanons, ag~rements, conditiwa, and covenanrs o/ sa~d Fromiswry note and tAis ~
,,,,~r~gage any a etihe~, and sa~d costs, charges and expenses, each and every, shail be immediately due and payab~e; whNher w not there be not]ce dr
n,and, attempt to collett or suit pendmg; and rhe full amount oi each and every such payment shall bear interest from the date thereof until paid N the ?
•_~e o~ n~ne per crntum F.:r anr,um; arw-: aU said cosrs, cha~3es and exF,.:nses ~~KUned or paid, Iogether wilh suth interest, shall be iecured by the iien of thii ?
mortgage. f
b. That (a) in the event of any breach of this Aiartgage or default on the part of the h10RTGAGOR, or ;b) in the event ~ny of said sums of money
nere~n referred to be ~ot promptly and folly pa~d wi~hin tb~rty ~3J1 days nex~ a~rc~ ihe samw severatty become dus and paysbk, without demand or notice,
~r !c) in the etient esch and every the stipu:ations, agreements, cond~t~ons and covenanfs of sa;d promissory note and 1h~s mortgage any or tither are not
i~:y, promptly and fully periormed, d.xha~g~d, esecuted, effected, compteted, compi~ed v.~th and ah~drd 5y, then in either a ~ny such eveN Ihe sald ag ~ {
g•egate sum mentioned in said pro~niisoty ncie then remaining un~.aiJ, w~th interr~t acc~ued, and all mooey3 setured hereby, sha11 become dut aod pay-
rc~ie fo~thwith, w thereafter, at the opt~on o1 sa~d hSQRTGAGEE, as futly and cornp:erely as iF ali of the said sums oF money we~e org~nalty stipulated !
to he pa~d an such d~y, aoything i~ ss:d p~orn[sswy note or fn this Moitgaqe to the comrary no~withstanding; and tF~ereupon w thereafter at the optian of
s<;d 1dORTGAGEE, wiThout notice or demand, wit at law or in eqwty,- there~ore w thereafter begun, may be prosecuted u if all moneys secu~ed hereby ~
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n,d mafu~ed pr~or to ~ts irtsiitution. ~
7. That in the eve~t that at the beginn~ng oi w a1 any time pending any s~~! upcn this Mc~tgage, o~ to foreclose it, w to reform if, or fo enfores
c,,meM of any claims hereuRder, said PdORTGAGEf shall apply tu the Covrf h;v,~-g ~~nsdc~~on thereaf for the appointmeM of s Receive~, such Court ahalt
.•~..rth appoint a receiver of said mortgaged prcperry at! and singufar, i~ec:~d.ng and s~ng~iar the irtcome, p~ofits, iswet and rerenues (rom whatever
derived, each a~x1 every of wh;ch, rt be~ng express!y vndersroeo, ~s t:.:re~y morryaged as +1 sptuficaliy sN fwth and desuibed in the qranting and .
f: ,t,endum rauses hrreof, and such Receivcr shait hare a:l the broad ar:d effecr~ve func;.ons dnd powers in anyw~se emrusted by a Cour1 to a Receiver, and t
_--h ~ppointment shall br made by such Co~rt as an admiued equ'rty and a natter of aosoiute r[ght to uid MORTGAGEE, and wishout reference to the }
i:•y.;:cy or i~adeguacy of tne vaiue of the p.operty morigaged or to rhe so~vency or ~:uol.rncy of said MORTGAGOR a the defendams, and that such s
•~,rs. profits, income, issues and revenves shall be appiied by such Rec.•iver accord~ng to the tien or equity oi said MORTGAGfE and the practice of such i
Cc•u: t. f
B. To dufy, promptly and iuliy perform, d~scharge, executr, efFect, comptese, ;arnpiy with and abide by each and every fhe stipulatians, agteements, ~
~ _;•.d~rions ard covenants in sa~d promissory note and th;s mcrtgage sei ~orth.
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9. Tha! in the event the ownership Of ~he mortgaged pre•r•~ses, or a~iy part tnereo(, becomes vested io a person other than the MORTGAGOR, the ~
C7G:.GE~, its wccessors a~.d ass~g~s, may, w;:hcut ~onc? ro ~ne A10RTG;.pR, deai wi~h such successw or successor in interest with refe~ence to thi~ ~
:,•~yage aod the ~_bt hereby s:cu:ed in the same :nanner as +n~rh fltortgago~ w~thovt in any way vitiating or distharging the Mortgagori li~bilify herr f
-~i~r or upon th~ deb+ heraby secu~ed. No sa?e of tF~e ~:ren,is~s h~reby :no~tgaged ar.d no forbearonce on ~he part of the MORTGAGEE o~ its succeuors ?
' a~s~gns and no extensron of the time for the payment of ~he debs hcreLy sec~~rFd given by the A50RTGAGEE or its svccessors or auigns, shall operate
ro re~ease, d~scharge, modify change w. af(ect the oreginal liau~tay of ~ne MCRTGAGOR herein, eitFxr in whoie or in part.
10. It is spec~fica~iy ag.eed tha~ t~me is of the esser,ta ef tF.~s co~vracr and that no hraiver o( any obligation hereunder w of the obligatan st
, _,;red hereby shaii at any time tnereafter be hcEd to be a wa~ver of tl:e terms F.ereof w oi fhe ir.strument secured herby.
l l. In add.f~c•? to thc foregc:ng month'.y pyymer~s of p~i:~c pai a:id inrerest requ~red by the promissory nole secu:ed hereby, morigagor tovenants
~-d agrees to pa~ to I110't.73gee v~~~h eacn rro~.~hly par~nent an atid.~~cnal su^, ess.:,.a+ed b/ mwtgagee to be equal to 1/14 of the annual cost of the follow-
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A-Ali real praperty tazes lev~ed or dSSBSS_(~ agai•zst ti,c above described real es~ete.
. B-Pt:~nuucft5 on fire ard w~r.dsto-m insura~ce as nere~n requ~red to be carr~ed en rhe improveme~ts s~tuate o~ the above described premises_ .
C-Pre•nwms on s~cfi mortg ige guaranty ~esv~a~ ce as ma tgag~e sl,aii fieo, r?ne ro ci~r.e deem fit to carry on the Ioan secured hereby.
%~ortgagee sha;! f~cm mm~ fo t~me ncrify mertyaycr in writ;n3 oi the a~~o:~m d~e and p~yable hereunder and such sum shall thereupon be due and
' ,b!e on the c've date ef rhe n._xt ~nonthiy payment and e~ch wco=ssive ~r.unfh thereaftcr ur.til mortgagee shall notify mortgagor of a change in such
>cnt. Such svms sF.aif be app;ied by morrgag:re tor.ard tF.e payment of rea! uroperry taxes, insurance prem:ums, and morigage guaranfy insurante
. . 'l'"':iL'TS.
IN \V11NE55 V4HFR~Of, rhe sa~d MORTGAGOR has hereunto set his hand and seal the day and year f' afore id
Signed, Sealed and delivered in the presertce of:
~ eR
G "
~ n
; ~ (SeaQ
I - - ~Sea~
! ~.:,'E OF FLORIDA ~
` _:iU~JTY Of J t _~U
~ i ' ~ ~ - ~
E • - ~
a c ~ : ~ . r ' -1 r
~ Befr,re me personaiiy appeared _ T O ~ t1 A f ' ~ ,
~ r. + ~ 1 C ~ : , ~ T - O f t1 - ~ y . , ared
; . : ~ his wife, to me well kno,yn snd ~known ~a me to be
t ~=,e ind;vidua{s described in and who executed Vthe foregoing instrument, and acknowled~qed before me that they execufetA~~saae( fqr~he'purposes
~ rh~.,ein expressed. And the said ~ i ~ t~ C? ~ 2 . T"~ {~f C• ~ r' - -
i rP ot the said _ ~3 : ~ T h~f n~ r y s ite are ~
P°l~ P ~ P p~ .
; nation by me taken separate and apa~t from her sa~d husba~d, acknowledged to and before me that she executed ~aid'jhstsJpisqt freelp snc~volw?~
~ and w~thout any compulsion, constraint, apprehens~on,..~f fear of or from her said husband. Q =
` WIiNE55 my har~d and offic~al seaf this_ ~ 7~R _ day of - { A. l9~_
~ ~ `~~~I~,,"-~„~~.~~~`
f~~E~ ~HU RECOR Notary Publ+c in and fa the State of florida if'urpe
ST. lUC1E'CpUM7Y ~ED My Comm~ssion exp~ros: ' /Cfj l9 7- ~
` ~ Return io: R4CEP POItRA$ tA.
~ ~:nt fedaral Savin~s S loan Assoc~at~on REffl? RK ~~'~~~~T COURT
Of :urt P erce. ~ VER~FIEd ~
Fort Pierce. Florida ~ . ~ ,
, I 3o p~~_~~ ~5
' 3132;~i~ .
~ ~
~ This Instrument Prepared By J. ^ ~ t~; ~ J'' .
First Federal Savings & Loan Association
of Fort Pierce ~ F I or i~a
; Checked By d~
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E
i
800K~~ PA&E
! y.
~~Y~~~..y }-ry .l _ , s _.N K.'~'z.' ~~,r
`+~"n'r
rr`S~ ~ _ ~ST" ~ ~CL Pl.k ~ ' ~ t"-~Gl~~ _
_ ~~~~`x'-` _ . `~~~-~r'~