HomeMy WebLinkAbout0933 Z. To piaa snd continuously keep on the bufld~ngt now w he~eaiter ~i~uaW on ~a~d iand and oo all equipmeM and perwnalty covered by this matQ~
sgs, with all premiums ?hereoe pa~d in iull, fire insurance in IM usual itanda~d ~.o'it~ torm, in • ium apprortd by Ih~ MORiGAGEf, and windstwm
;nsu.anc~ in tF?~ uiwl uanda.d pol,cy fam, in a sum •ppruv~d by ihe MORTGAGEE, in ~uch company or compani~i a~ iAe MORIGAGEE may
d~redJ and a0 (ir~ and wfnJsto~m in~urance yolK~af on a~tiy oi ~o~d budd~ng~, any in?err~~ ~hr~ein or parl Ihereof, in ~h~ agy~egal~ tum aioresaid M
in exce» thereof, sMll cootain 1h~ uwal s~an~ud n.w~gagee dause or such other cleuse as th~ Mortflsget may reqv~r~, ma?inp 1he lo~s under ss~d po~i~
ue~, each end avery, payable ro said MORTGAGEE at ~r~ iroe~est may appear, and each a~d every wch po!icy shall Ix promptly ~is gntd and delive~ed ~o , ;
any held by said MORTGAGEE as (wlher security ~o said n-ortgage Jebt, and, nor Iras +han ~en (10) d~ys in adva~xe of tha expiration of each policy, to da ~ 1
hver fo faid MORTGAGEE a renewal thcreol, loge~her with a rece~pl for IM p~rmi~m of suth renewal; and lhere shall be no fire ur wi~~slorm intu~ant~ e ;
ptsaed p~ any of taid ~uiW~ngs, ~ny interest the~ein or put therrot, un~ea~ in ~I~e form and wi~h th~ lou payable at eioresaid; and in ~he evenl any tum {
of mon~y becomes payable vnder such poliq or polKie~ sa~d MORTGAGFE shall Mve ~he op~wn to recaive a~u! apply the s~me on ~ccount af the i~debted- f
nrs~ secured her~by o~ to permit said MORTGAGORS ro receive and use it w eny pir~ tl~r~~vf iw other pwr.csrs, without Ih:reo~ wai~i:i~ o~ ~mpair- f
ing any equlty. Gen a rigM under or by virtue af ~his mo::g+9e; and in the event sa:d MURiGAGORS shai~ (or any rcason fail to keep the ta~d premiies w :
;nsured, or fail lo deliver pranp~ly ~ny of s~id polic:rs of insuranc.e to sa~d MQRiGAGEE, w fail prompfly to pay fully any premium therelw w in ~ny
respect iail to perlorm, d~scha~ge, execufe, e(fect, ComF:lete,~COrt~ply with an~ abide by this tove~ant, or a~y part hereof, said MORIGAGEE may place ~~d
p~v 1w ~~ch ins~~ance or any ps~t the~eof wi~hout waiving a affec!ing any o~,r~on, lie~, equ~ty, w r;ght unda a by virtue ol this Ma~gags, and the
t~;l amouM of each arx) eve+y such paymem shall be immediately due and payab:e and aha~l bear imeres~ from the date the~eof unril p~id at the ra~e ol ~
~-'r per cenrum pe~ annu~n a~~d to~rther ~vith s~ch intr~e:F sh,,i~ be secured by tlx lien of th+s mortgag@. ~
1. To permif, commft or suifer no waate, impairment a detr:~oratio~ oi said pro~,crty w any parl lhereof.
S. To pay all and singular the costs, cbarges and cxpe~ies, ~nclud~ng a reasonable attor~ey i fee a~d costs of abstrac~s of title, i~curred or paid st
any ~~me by said A!ORiGAGfE, txtause or in the event oi tlx ia~t~re on Iha par~ of the said MORTGAGOR to duly, promptly and fully perform, diuharge,
execure, effect, comp!efe, comply w~th and ab:da by each and eve+y ~he at7pvlatrons, agreements, cond~tions, and COvtnanb of ~aid promisiory note and this ~
~•o~rgage any w eiiher, and sa~d costs, cha~ges and expenses, each and every, shail be immcdiatcty due and payable; whe~her w not the~e be not~ce d~
mand, at~ernpt to collect or suil pend~eg; and ti~e futl a~rount of each artd every wch payment shaft bear ~roerosl from tht date thereof until paid a1 iKt )
~ r; ~f n~ne per cent~m prr ar,nu~ , anc ail said costs, chargrs an,! capensr: ~nturreq o~ paid, toge~her w~th suth ime~est, sfwll be secured by tFie lien of lhi~ ;
mortgage. ~
6. Thaf (a1 in the event of any breach of this Mortyage or deiau{I on tM ~urt of Ihe MORTGAGOR, or ;b) in the event any of sa~d sums of mooey
he~rin referred to be nol promptly and ~ulty pa~d within th:rty j30) days neat afte. the same severaily become due and payable, without demand w ~otice,
or (c) in ~he event each and every the stip~iatlons, agree~rrents, cor.d~tions and covenants o! sa.d promissory note and th~s mortgage any pr e~ther are not
ivly, pranpriy and (uity perfor~,:ed, d.scha~ged, enec:,ted, effectEd, carnpleted, compGe~ wi~h and ahide~ `ay, then in either a any such event the aa~d a¢
g~egare sum menTwned In sa~d pro~~css~ry nore !han remaining „~,pa~d, vn~h fnr~re:f aur;,ed, and atI moneys secured hereby, shal! become due and pay-
ao'e (orthwith, or tixreafter, at the ep~~on of said RftORTGAGEE, aa tuL'y and Co~np!e1i•ly as it all of tl~e said surna of mooey were orginally stipulated
io be pa~d on suth 8c~, anyihing in sa:d pro:n~sswy nore or in this Mortyagc ro the comeary notw~ihstanding; and thereupon w thereaher sl ihe option oi
s~.d MORTGAGEE, without not~cr o~ demand: su.~ at iaw or in equity, tnereio~e or therrafter begun, may be prosecuted as if all moneys setured hereby ~
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n_d matured pror ~o iq ina~itut~on.
7. Thet in the event rhat et the beyin~~rr~ -of or at any t„ne pend~~;g any su~t upon this Mortgage, o~ to fweclose it, or 1o reform if, or fo enforte
;;~{mero of any d:~~ms hereunder, so~d :dilRTGAG~E shal! apply to ~~~e Go~rt he.~r.g ~~:isd.tt~on thereoi (cr the appointment of a Receive~, such Couri shall
f:.~~h,~vith appoint a rt•cei~er of sa~d mortgaged prc;.. ~ty ali and si :gu;ar, includ:r.g a~i a~~d s~•~~u~ar the ir.come, prof~ts, iswes and revenues from whateve?
s: rce derived. each ar,ei every of wn.c'~. tre~cg e.pressty ~r;~Hrs+uad, is hereuy mGrl~ayecl as if speciiic.+liy xl fwth and desuibed in the granting and
h:~i.endum davses hereof, and svch Receiver s!:ail have ait tne b~oad and eiixn~e fur.~~~o-is arxl po.vers in anywise entrusted by a Cou~t to a RCCeiver, and
s. ch appoinrment ihali be ~r.ade by su:h Court as an admitted equity and a ~ atter of rt•soline r.gM to sa~d MORTGAGEE, and wi~hout reference to the
1~~':GO~C`/ Cf inadequacy of 1F.z vaiue of the properfy mortgaged or to the so~vrecy or ~nsoivenc~ of ~aid MORiGAGOR or fhe defendants. and that such '
~s. profits, income, issues a~x1 rever,ues shail be ap~iied by such Rece~ver accurd~ng ~o the lien or equity oi said MORTGAGEE and the practice of suth t
Ccurt. -
8. To duty, prompt:y and Ful~y petfo~m, d:scherge, execute, effe:t, complete, con:p~y with and abide by ea:h and every tFx stipulations, agreemenri,
c.~d~tions and wvenants ~n sa~d promisswy no:e ard fF~s m~rtgage set torth. • t
9. That in the event tFc ownersh~p of the mcrtgag~d prem~ses, o~ any parf thereof, N~ocnes vested in a per~n other than the MORTGAGOR, the ;
:^RTGAGE"c, irs :uccessor: ar.d ass,gns, rn~y, withou~ r.ci~ce to rtie ~AORTvAOR, deai w~~h ~uch svccesso~ w succeisor in interest with reference to this ~
~rryaye and the debf hereby secur~ ~n the same manner as v lth lhortg.~gor w~thout in any way viLating w d~scharging the Martgagori liability hert ~
;,~_r w trpon the d~br here:•/ secured Na sa,e of the Fre~nnes hereby morrgaged and no forbearante'on the part oi the f~IORTGAGEE or its succeuws ~
d~s~gns end ~o extens~on ci The t;a~e fo- +he paym.e:+t of the ciebt her._~i~y sec~red glmn by 1he MORTGAGEE or its successas a assigns, atial) operate
!o re'ease, d~acha~ge, mcnl~fy thange or affect the uig~nal i~au~;~ty of the I::ORTGAGe;R I~e•r~n, either in whole or in psrt. ~
10. It is. sp~vfi:aliy vgreed that t~me is of the essence of tt:~s co~tract and that no waiver of any obligation hereunder w of the obligation sr
.:.~~ed hareby snalt at any tin:e thereafter t>e he;d to be a wa~vrr ot the !erms ~ereof or of the i~~strument secured herby.
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11. in .;:3~ noi !u !F.a fcrrge •ronrh'y raym..r.•s oi ~ c;>al and inver-_;v requ:rcd by the prom~ssory nare srcured hereby, morigagor eovenanfs
+~,d ag~res to ray to mcr~a+c~e ~v~'h rach n.on'h'y pa;~"e~rt en add.~~enai w-~ est~;~:ated tiy mortyagee to be equai to l;~ 12 of the annual cost of the foilow-
A--AiI rea: propc~ty t~xes ?e:~ed or asses;ed aga~ :s~ thc a'~ovr desu~r,ed real es:ate.
B-Fr.:.:~v~rs ~n fi•e r~d r:i_ds~r~~, u, ;,::a• rs he•e~n requ:red to oe can~ed on tiee improvements rtuate on the above described premises.
C--Pre~-:~vms on s:xh mo~!a:~e gua~a~~?i ~rsurar:ce as mortgagee shalt fiom t:me to ti~ne deem fit fo cany on the (oan sec~red hereby.
1~1ort3agre s~ a~ fro,n n•r.e to t; •,c nrr~fy rrc;•t~;~g~r ;n w.irkng of th> ar-.ovnt due an~ payable hereunder and such surn sha11 thereupen~be due and
:.,b.e o~ +hr d,e eiate of ~he ~•exs :,c~th:y e~y-nent and e,ch ;ucccssive c,onsh the~eafter ur.tit mortgagee shal! notify m.ortgagor of a ehange in such
ount. Such sums sFa:t be ac:p~(ed by mortgayte tona~d'!he payment of real prepert~ laxes, insuiance prem:ums, and mortgage guaianty i~surance
. ~ -:~~ms. .
'i ` IN YlITPJESS 'NHERE th~ i fduRTGAGJR has here~n!o se! h:s har.d and seai the day and year lirst sEoresa" t
f \ d live e presence of: -
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¢ ~TE Of FLORIDA ~ '
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~ . •:~;tNTY OF St . L11C1@ - ~ ~ ` : ~ I I ~ . , .
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Before mr personaliy appeared _ _ _ ~n Hooven, Jr . ; l~' . ~
~ Mildred p. Hooven ' I ~
his wife, to me well knov~/6rf~i ~rr to~dde; tq b~
th_~ ~ndividuals describrd in and who executed the foregoing instrument, and acknovv(edged before me that they executed.ti~ ~pll~b f~ pur
~ rc<_•re;n expressed. And th~ s~~d__ Mildred p. }~OOVel'1 ~ • 1~'
~ ...;c of ~he said --------------~OA ~-IOOV~I~ .IY. _ ~p{''~ ~oe~~
~te
.--n nat~o~ by me taken separate and apart from her said husband, acknowledged to and beforo me that she ezecuted said ir~siruwt~ll~~(}'~,I~,~bolvo-
_r.:~ and w~thout any cornp~fs~cr., constraint, apprehens~o~, w fear of or f~cm her said husband.
WlTNE55 my hand aRd offiuat seal this._. 14th_____ day of uly p. 19 75
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` Notary Pubtic in end iw t1~ State of ~~~~I,qrye J
~ My Comm~ssion expires:~
a
t Return io:
~ i~rst Federol Sar~ngs S loan As~~;~~:o~ F1~Ea ~?+s^ k~CORDEO
oE co-r P.erce. ~I.1~1C1E .:OUNTY FIA.
~ Fo•f Pier_~, Fle~~d~ ROG~R POiTRAS ~
~ CLE~K CI~;CJIT COURT '
~ pEl:t;a~ V~p~=:f0.~..~~~ ~
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~ This Instrument Prepared Sy J• Hal Roberts~ Jr. ~.3' 3 01 ~H ~
~ First Federal Savings & loan Association
~ of Fort Pierce r Flotida 33450
Checked By
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