HomeMy WebLinkAbout1346 3. To piac~ and continuoufly k~ep on the bu~tdings now or hereaf~e~ ~it~at~ on iaid Iand ~nd on all equip.~e~~ ~nd penonally covered by fhis mortQ~
~p~, wilh •II premium~ lhereon pa~d in (ull, f~re insu~~nce in the u+~el standard ~;olicy fotm, in •~um approvtd by Ihe MORiGAGEE, and windslam
inturance in the usu~l srandard pol~cy twm, in e sum approved by tM MORTGAGEE, in ~uch canp~ny a compao~a as th~ MORTGAGEE may
direus and all tire and wiods~orm insurance policies on sny o( sa~d b~~~d~np+, any inte~r~t lherein or parl thvnoi, in tM a~qreqat~ aum aforesaid or
In eYCeu thereof, shall conuin th~ uswl ~randud mor~gsg.e dauae a such oeher Nause aa the Mor~pagN may rp~:r~, makinp ~M Iw~ unde~ w~d poli~
cies, each and every, payable ~o said h10RTGAGEE as its in~eresi may appea~, and each and avery such policy shall b~ promptly ass.gned and detivered ~o
~ny held by sa~d MORTGAGFE as (urthsr secu~ity to uid mortgAge debt, and, not tess rhan te~ (IOi days in ad~ence of the •xpiration of eaci? pol~cy, ~o d~
IivN ro ssid MORTGAGfE a ra~xwal ihereof, ~oqe~hsr wiih a ~ece~pt ia ~he pten~ium o( svch renewal; and thers sMll bs no fire o~ wind~tarm in~uranc~ '
plac~d on any oi sa~d buildings, any imeres~ ~heref~ o~ part ~hereof, unicss io ~he icrm and with the tou payable as afa~s+id; snd in tM event any sum
of money becomes payable undrr such policy w policiai said MORiGAGEE slwll Mve the op~~on to recrive and apply ths sanN on ~ccwM of ~he indab~ed~ .
ntu secured hereby o~ ~o perni~t said MORTGAGORS ~o recaive and use it w an~ part ihereof !or o~her pwposes, v.idw~t Ih_~ro~ w~i~i~~g or ~n+pair-
inp aay equ+ty, lien or righ~ undcr w by virtw of this mo:rgage; and in ~he evenr w~d MO~TGAGORS shall iw ~~y ~eason fail to keep the said prem~srs so
Insured, a fail ro deliver promptly any oF said policies oi insurante fo said MORTGAGEE, w fail promptly to pay fully sny premium therofot o~ in iny •
respect (ail to per(wm, d~scharge, execute, effect, comp:era, comply wiih and abide by rlit~ covenan~, a any pa~t hereo(, said MORTGAGEE may place ~nd ~
pay (a tuch insuronce or any part thereof without w~iving w aifecting any opuon, lien, eqo]ty, or righl under a by virtw of this Mwtga9s, and the
full amovn~ of each and every s~xh payment sha11 be ~m,ned~a~ely due and pay~b!e and shatl bear interest from the date thereo( un~il paid at the raro 4t
nine pe~ centum per ann~m and together ~vith wth interest shaft be se:urrd hy thc lien o( this mwfgage.
io permit, commit w suffer no waste, impairment w de~rriorat'an of said praE,erry w any pa~t thereof. t
S. To pay ~II and singular tF+~ costs, charges ~nd eapa~sea, inQud~ng a reasonable attorney'~, (ee srtd wsts of abstrKts of title, incurred a paid ~1
any lime by sa~d MORTGAGfE, because a in inr event of the fa~iure on Ihe part of tha seid MORTGAGOR to duty, promptly ~nd fvlly perfwm, d~sd~arge.
execu~e, ei(eu, complete, comply with and ab:de by each and e~~e+y tl+e s~ipula:~ons, agrremenq, cond~tans, snd covenanb oi taid promiswry note arx] thi~-
~r;ortgage any or erther, and sa~d costs, charges and expenses, each and avery, shaH be ~mmed~ately due and payable; whether w not there be no~~ce ds
mand, attempf 1o coltecl or suil pend~ng; and the tull amount oi each and every such paymcnt'shall bea~ iMerest from Ihe date thereof until paid a1 Ihe
rate o+ n~ne per cenwm per aa~~um; anc: all aa~d tous, clurges enci eapenses ~rxurrrd w paid, logether wuh such interest, ~Mtl b~ secured by the lien of thq
mortgage.
6. That (s) in the event of any b?each of 1h~e hlortgsge w default on the part of ihe 14lORIGAGOR, w(b) in the evertt any of iaid sums of mo~ey
he?ein ~eferred to be oot prompHy and fully pa~d wi~hln th~rty 130) daya nexi ai?er :he SdT! se~erally become due and payable, wi~hout demand w~?o~ice,
or (c) in ~he event each ard every the stipufations, agretmen~s, conditions and covenaroe of sa.d premiswry note and this mort9a9e a~y q either ar~ rw1
~uly, promptly and fuiiy perfo~med, d:scharged, txecuted, etfeded, compieted, comp!~ed w~rh end ahided by, then in euher er any auch evem Ihs said ag
gregate sum mentioned in said promisswy rwte then remaining unpa+d, with intcrest accruetl, and atl moneys secvrod hereby, slwll become due aod pay- ~
able torthwith, o. rhereafter, at the oprion of se~d h~ORTGAGEE, as fuily and compir~ely as if atl of the said wms of money were d'ginally stipulated
to be pa~d oo such day, anytl~ing in sa.d pro,n~uwy note or in ~his /rortgagr ~o ~he con~rary norwithstanding; and thereupon or thereafter af the option of
said MORiGAGEE, without norice o? dema~d, av~t at law or in equity, therefore or thrrraher begun, may be prosecWed as if all moncyt setured hereby
had matured pr~w to ~ts inaiitution. ~
7. That in the event that st tF~e beg~nn~ng of or at any ti~ne pending any su~t upo~ th~s Mortgsge, o~ to foratlose it, w fo refwm it, or to er.forcs
payment ot any ua~ms hereunder, said MORTGAG~c shall ap~Iy tu the Cwrt hav;r.g ;u~~+d:aion thereof (or the appoiefinent of ~ Receiver, s~ch Court shall
(athw~rh appoinl a receivcv of sa~d mortgeged prope.ty ap and s;ngular, in~!„d,ny ait and s~ngolar the ir.come, profits, issuet and revanues from whatever
sowcr de~ived, each and every of wh:ch, it being r~epressly undersloc~d. is Rerei,~ ~r.engaged as if spec:fecally set fo~th and dewibed in the g*anting ar+d
habendum dau3es hrreof, and such Receiver shall have all the broad and etfechve furcf~uns and powen in anyw]se eatrusted by a Court fo a Receiver, and
s~ch appo+ntment s~~ll be made by such Court as an edmittec! eq~ity artd a matter oi absolute nght to said MORTGAGEE, a~d without refereoce to the
adeyuaq or inadequacy of the valve of the psoperty morrgaged or to tfie so~vrncy o~ ~s,so~.ency of said MORiGAGpR or the deiendanb, aod that such
rents, profits, incorne, issves and revenues shal~ be applied by such Rete~ver atcertl~ng to the lien w equity of said MORTGAGEE and the practice of such
Court.
To duty, promptiy and fu!!y perform, discharge, execufe, effect, complete, comply with a~d abide by eafh and every the stipulatia~s, agreemenri,
conditicns and coveoants ~n :a~d promiasory note and trtis mongage set forth.
9. That in the e~em thr ownersh~p of the monga~ed premises, or any part thereof, becomes vesfed in a person other than the MORIGAGOR, tM
MORTvAGFE, its successars and ass~qns, n,ay, wi:houT noidce to +he ?dGRiGAOR, dea~ with such successor o~ successor in intere~t with re(erQnce to this
mortg~e and the debt h~reby secwed ~n the same mannrr as w~th ldortgagor w~tfwut in any way vitiating or diuharging the Mortgagors' liability hertr
under a upon ~Fw d<.~,~ liereby secvred. No sa!e of ti:Q ~re~n:ses hzreby rnortgaged ard no (ortxarance on the part ol the MORTGAGEE w its successors
or ass+gns and nc ex~ens~on of ~he r;me tor the pay~nent of the dec,r F~•re6y secvred given by the MORTGAGEE or its successus or auigns, siull operate
ro rc!ease, d.scharge, mod~fy change or effect the ori~enal liab~;~ty of the M~OR(GAGOR herein, either in whole or in part.
10. It is spec~f~cally ~greed that time is of th. essence af ~h~s convact and thal no waiver of any obligat~on hereundet w of the obtigstion se-
cured h.•reby shalc at any time nc~reaf:er be heid to be a wa~tier ~f the terms hereof or of the instrument setured herby.
11. In add,t:oo to the forego'~g month?y i~aym~nts of princ pai and 'sr.rerest rrquired by the prom~ssory no!e secwed hereby, morigagor covenanft
and agrees to pay !o r•.o:tg~yee ~nith each morirh'y pay~~ ent an add~• onal aum rs±lmated b~ mortgagre to be equal to 1;~12 of the annua) cost of the iollow-
ing;
A-All real property taxrs le.frd or asseszed d(J3i'.S1 tF.c ahore descr;~ed real es+ere.
8-Pra«:+o:~;s on f~re and w.~ndsto~~n ~nswar~z as i~ere~n /~'(~JJP_d ta be car~~ed er, the improveme~fs situate on tha above described premises_
C-Prem~ums on wch mortg,:ge gva~a ~ty insurar,~e as mortgag.w shail from rme io time deem tit to tarry on the ban secured hereby.
Alcrtgagee s~a:' !rom t~me ro t~r,,e nenf ~ mortgayor ~n v.r;t~ng of thr a~.o;;nt due and payable F?ereunder and such svm shafl thereupon be due snd
~ payabfe on the due da!e of th~ next mo~thly paymer.t and each svccessive monr'r~ tnereafter ur,~ii mortgagee shall nofify mortgagor of a change in svth
amount. $uch sums shaif be app!ied 'oy mortgagee tov~a*d the payment of real prope~ty taxes, insur e em:ums, an~ mortgage guaranty insunnce
I pieittiums. ~ r
IN VJITNESS YiHERc the id MORTGkGOR has hereu~to set h~s hand and seal the day y r n•
~ d de red the presence of:
~ ober.t L. Sch er a si ~ne a~u7t
- (Seaq
- - - - ~ ~Ses4
STATE OF FLORIDA ~
Luc i e t u-
CUU'~TY OF $t • _ 1 -
Before me personally appeared RobB1+t L. SChWe].gel~. et single 8dult ~ ~ ~
. '
.
zac a~ W~n t~~ .~a~ i'a•a,~.+o ~
the individua~ desuibed in end who executed the fwegoing instrurr.ent, and acknowiedged befwe me that :exeMl~:.th~~sar~~~~ie purpbjes
~herein expressed. )¢p~!)p~j¢ X X~ X X X X X X Y 7! :C X'' X X X?C X XXXXXXX3FJCX,1f X
7«7QXM7GIfeX.]GdC X 7CXJC X7CXXX?C '~i
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~aacx~x~aa~xa~ncaa~c~ca~x~~c~uc~~ac~ac~czcca~~a,xr~x~cax~mm~caeo~ ' Q ti ~
W11NE55 my hand and offic~at sesl thit ~~~~r day of A. Q.•19f~
_ FIlEO aN0 RECORDEO ^
ST. LUCIE COUMTY ilA• •
_ tiOCE~ POtTRAS Notary Pub~ic in and for the State of-fbt '~l'[aipe
CLEf~It Ci+2;U{T COURT My Comm~ssion expires: /~'~~!_.Lp
Return To: RE~!~R~^, V~?~lflEO~~ `T -
First Federal Savings d~ loan Association
Of Furt P,er[e. ~j 5 3 03. M'~~ ~
Fort Firrce, F~orida ~ ~l-~
3i~.~s
This Instrument Prepared By J. H81 RObPt't8 ~ Jr.
First Federal Savings 8 loan Association
of Fort Pierce ~~101~~d8 331~ 50
Checked By .
_ BOJK 24~ PACE 1~349 ~
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