HomeMy WebLinkAbout1269 3. To pi~c~ and conrinuously keep on ~he buitd~ngs ~~ow a hrre~f~er ~itwta on sa~d I~nd and on all cqu~p~ncM arid perfonally covercd by this mortp,
p~, w~th •1) p~tmiums the~eon pa~d in fult, hre ins~~ance ~n the usual standarJ pot~cy form, ?n a sum ~pproved by tM MORIGAGEE, and windstwm
InwrMCe in ~M uswl uand~rd pol~cy for~n, i~ a sum ~pprov~d by ~he MORTGAGEE, in tiuch comp~ny w canpanip at ~M MORTGAGEE may
dir~ctj and aU (NS a~ w~ndstwm in~w~r,c~ polic~es on •ny of wid build~nqs. ~ny inrer~~~ Ihe~ein or part therwl, in tM a94rcpa~~ ivm ~taesaid w
in ~acea Ihereof, ihall contain th~ uwel starxla~d mo~tgage~ ctausa or s~ch othar ciause as the Mort9agee m~y requu~, ma?inp ths ~osi u~ ta~d poli~
ti~s, tach and every, payabie to wid MJRTGAGEE as ~is 1~terra~ may appear, and eac~ and every such poucy shall b~ promptly ass g~ed and defivercd ~o
~ny heW by satd 1NORTf,AGEE as fu~thar scturity to said mo~l~age debt, ~~d, na teu ~hee+ ~en (10) days in advenc~ of the expiration of each policy, to dr
liv~? 1o iaid MORTGAGEE a renewal thereof, loge~her wi~h a~eceipt fw the p~rmium of such renewal; and Ihere ~hall be ?w fire w windt~orm insurarK~
pl~t~d oe any of ia~d build~ng~, ~ny interesl Ihc?eia orpa~t ~hcteof, unlrsa in ~he form and with the {ost payabl~ at afwesa~d; and in th~ evsnt any sum '
of ma~sy becomes p~yabte ~nder such polity w policies said MORTGAGEE shaN have ~he opt~on 1o recaivQ snd apply tM Nme on ~ccounl oi tM indeb~ed-
neu sec~rQd hereby a to permif said MORTGAGORS to reteive and use il d any p,~rl ~he:..rof lor othvr purposes, wiihout the~to~ lydivl~~~ a~~npair- ~
Iny any equ~ty, lien w ri9ht u~der w by virtue of ~his mc:tga9e; and i~ the event sa;d MORIGAGORS shatl for any reason fail Io keep 1he ~aid p~emisei so
insured, w fail W deliver prpnptly any of said polK~es of iniurance to sa:d MORTGAGEE, or fa~l promptly to pay fully any premium the~efor or in ~ny
rtspect fail to perform, discharge, execute, e(fec1, comple~e. co~nply wi~h and abide by th+s covenant, or sny parl hereof, said MORTGAGEE may placa a~~
pay Fa such insurancs w any part ~hereof w~~hou/ w+ivi,ig w afFectiny any opt~m, tien, equity, or ri~ht under o~ by vi.tue of this Matgage, and the
full amount ot each and every such payment shall bs immedialety due and payable and tha11 besr interest (rom the date ttkreof until paid ~t the rate of
nine per centum p~~ ennum and to~ather Nith such ime:ust shali i~e secured by Ihe tien ot lhia mwtgage.
1. To perrr.it, commit w suifer no waste, impairment w detar'roratio.~ of aaid property w•ny part theraof. ~
To pay all and ~ingular ths costs, charges and eapensas, ~nc~ud~ng s reasonebla atto~ney i fee and costs of abatrsc~• of ~itle, incurred or p~id at ~
any time bX uid MORIGAGEE, because a in the evem of th~ fauure on Ihe par~ oF the said MORTGAGOR to duly, promptly and fully pe~(orm, dixharge,
~xecute, effM, comple~e, comply w~th and ab;de by exh and eve:y rhe st~pv~e~~ons, ag~cements, conditions, and covenants of. said promiswry note a~d this
mwtgage any e~~Fxr, and sa~d costs, charges and expenses, each and every, sMli be immediately dve and payable; whether w not there be notice d~
mand, attea~p t cotlect w suit perKl~ng; and ~he full amount ol each and every such payment sFwll Deer interett from Ihe d~te tMreo) ~ntil paid at the
~ate oi nir.e r centum ~r arnwm; and ali sa~ costs, charges arx! rajxnsea ~rx~nrd or paid, together with such interest, ihall bs secured by the li~r? of this
mwtflaye.
6. T t{a) in the event of a~y breach o( Ihii lHo~tgage or default on IFx part of the MORTGAGOR, or (b) i~ the event any of said i~ms of money
fierein ref rred to be not promptly snd fully paid wi~hin th~rty (30) days nex~ a:ie~ ~he aame se.eeatly become due and payable, without dema~x) or notice,
w(c) in t ere~t each and avery the s~ipuiae~ons, agreanen~s, cond~uons and covenams of u.d promissory note +nd th~s mwtysge a~y a eithe+ sre nol
~uly, prompNy and l~11y performed, d xharged, exetuted, effected, canp{eted, comi-i~ed wtth and ab~ded Sy, then in either or any such event 1he taid ~g
yregate svm rvrentioned in said promisswy rrote then rcmai~ing unpaid, w~th intere;t acuucd, and all mo~eys secured hereby, shall become due and p~y-_
•bie forthwith, o? ~hereafter, af the op~:on c! said MORivAGEE, as fuliy and comp;erely as if all of the taid sums of money were wiginatly stipulated
to be pa.d on such day, anyfhing in za;d p~o:nnsory nore or in thi3 1~Aortgage ~o the somrary notwilhs~anding; and IF~ereupon p thereafte~ at the optip~ of
said MORTGAGEE, w~thout notice w demand, suit at law or in equ~ty, the~efore w tl~ereaiter begun, may be prosecuted as if a11 rtaneys secured hereby
had matured pt~or t~ it~ instit~tion.
7. That in the event ~hat at the beg~on~ng ef or at any time pend~ng any sv;t upan this Mortgage, or to fpetlose lt, w fo reform it, or to enforts
payruM of any cia~ms hcreur.der, said MORTGAG;t sha:l apply ro the ~our~ having ~~•~id ct~on thereof fw the appo;ntmenl of a Reteiver, wth Court shall
For~hwith appoint s receivet of said mortgaged prope•ty a:l and singuiar, ind~d r.g ,,;i and s~nyular the income, piof~ts, issues and revenues IrOm whatever
source derived, each and every of wh~ch, ~t be~ng exp~essly cnders~uod. is hereoy rr.ur~gag~~d as if spc-ufically se? fath and destribed in the 9ranting and
habendum Neuses hereof, and such Receiver shail ha.a att the b~oad and rFiecrrve funct.ens a~d powe~s in anyw~se entrusted by • Court to a Receiver, ~nd
tuch appointmenf shalf be made by wch Court ai en admitt~d equity a~d a rratter of abso!ute right to said MORTGAGEE, and witlwut reference to fhe
•dequacy w inadequacy of the vatue of the property mcrtgaged or !o the so.~~~rcy er ~r.ic.vency oi said MOR7GAGpR a the defendants, ar+d that such
renrs. proiits, incant, issucs and revenues shai~ be appiied by such Receiver euord,ng io the lien or eq~ity oi uid AM1ORTGACaEE and the practite of suth
Court.
B. To du~y, promptly a~d fully ~rform, discharge, execute, effect, corr~iete, comNiy with and abide by each and every the stipulations, agreements,
conditiom and cuvenanrs in sa~cf prom~sswy note arxl tnia mortgage set forth.
9. ?hat in the event tF~e ownerihip of the mortgaged prem~ses, o~ any part tnereof, becomes vested in a perwn other than the MORTGAGOR, t!?~
MORTGAGEE, its successors ar.d asz~~ns, may, w~:ho~t no+~ce to the htiJRiGAOR. deal w~ti, such successw or successa in interest with re(erente ro this
morrgagt and the debt hereny secured in tna same martne~ as w~th ~hortyagor w+tF~;.ut in any way vitiating or dischargirg the Mortgagors' liability hero-
under or uoon ~he debt herebr sewred. P2o sa'e of the Frem~srs hereby rnortgaged and rra forbearance on Ihe part of the MORTGAGEE or its successors
or ass~gns and no ezfens~on ot the Y,me f~ the paymem of the deb~ h~•r._•by secured givan by the IKORTGAGEE or its successors w assigns, ahall operate
ro release, dacha~ge, mod~fy ~hange w aff¢~t !he or~g~r,a: tiau~:ey of rhe MORiGAG0~2 herein, either in whole or in pa~t.
10_ ft is specif~cal:y agreed that t~me is of 1he esser,ce oF tt~is contraa ae~d that no waiver o! any obligation hereunder w of the obligatan se-
tured Fn:+eby shati af any time thereafter be he'd to bc a waiver of the terms hz~eof w of the instrument secured herby.
11. In a3d.roa `o the foregarg mon!t,:y paym_n~s of pria: Nzl and ;nrerest requi~ed by the promissory no!e sec~red hrreby, mortgagor covenants
and ag:ees to pay to mo:rgagee w~th each mo~th!y p.~rrnenl an ed.::ionaf sum es~:meted b~ mortgagee to be equal to 1 j 12 of the annual cost of the follow-
ing:
A-A? real property taars lriied or assessed ayai•ist rht ac~re desc*i :cd r_a! estate.
B-Prem:urrs on fira and v~~ndSiDCrT ~~surar.ce arnerc~n rrqu;red to b~ carricd c•~ the improvements situate on the above dssvibed premises.
C-Pre:Riums on s~ch mort~age g~a+anty ir,su•ar:ce as mo~tgagee shail from t~me to iimr deem fit to carry on the ban secured hereby.
Mortgagee s±~a~~ from T~•ne to fi ne notiy n:~.tgegor ~n w~;t~ng o' tne a;no.;•~t dve and payable hereunder and such sum shall lhereupon be due and
payable o~ the d~e cia~e of ~h=_ nert mo~th'y payment a~~d e::ch successive ~on~h ~hereaffer ur.til mortgagee shall notify mortgagw of a change in such
amount Such sums sh~'.I ~e app;ied by .aortgagce toward the payment of reat properry taxes, insurance prem:ums, a~x! mortgsge guaranty insurance
~ N!¢!niUmt.
t!~ ~'r1iNE5S LVNEREOF, the sa~d MORTGAGOR has hcreu~fo set hia h.~nd and seal the day and ear first afwesaid.
~ Signed, Sealed an de!ivered in the presence of: ,u/ /~x .
~ %f~ ~CP
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STATE OF FLORIDA ,
COUNIY OF St. Lucie
Victor W. Cox .
8efore me personally appeared - a~
Lynda E. COX his w~fe, to me well kno~vn ai~rkppvap to iee to be
the ind:vidua:a desc~ibed in and who executed the forego~ng instrument, and acknowledged before me that they executed, jre ~arne- ~1oc t~e~ purposes
therein expressed_ And the said Lvnda E COX ' ~
wife of the said _ _ .~11CtOt {A1. COX ~ K~r~~ privat~
e,~am~nat~on by me taken separate and apart f.om her said husband, acknowledged to and before ~1e that she executed sai~instrv'n{E~i~~keelypihd Yqlurr
tar~ly and w~thout any compufsion, constraint, epprehension, or fear of o? from her uid husband. . ' '
WITNE55 my hand and offic;al seal this_ 315t day of July '~ap., ~ 75
~ ~c ,~_~J~ G C~ ~
Notary Public in and for Ihe St~ of F~bcT-id~a•lfplf~~`~-
My Comm~ssion expireuL~l~ ~~,(~i.~.9' f C~
Return To: -
firsf federal Savir~s E Loan Associat+o~
Of fort P.eree.
Fort Pierte, F!or~da
F~lEO atif, AECOROEO
sr LUC:E COUM~ f
ROCF,? PpIT ~Q-
This Instrument Prepared By J. Hal Robetts, Jr. fp: RT
RECQRp~y FIEp ~OU `
First Federal Savings & loan Association ~
of Fort Pierce , Florida 33450 S 9 25 lc
Checked By ~'rJ
BbQKir~~k~ ~CE~~~ • ~ c sw
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