HomeMy WebLinkAbout1352 3. To pl~c~ and coroinuously kesp on rM buildcags now w h~re~fttr ?itwt~ on sakl bnd u~d on all puiprn~nt and p~twnsllr cov~r~d by thi~ rnwtQ~
ap~. with all pr~+ni~ms thsreon pa~d in full, fue In~ura~c• in ~1?~ ~iual ttard~rd polKy (arn, in a~ure~ app~ov~d by ~M MORTGAGEE, and wind~twrn
kuwanc~ in tM uwal ~tandard pol~cy (orm, in • zum approv~d by ~M MORTGAGEE, in wch canpany a companies a~ tM MORTGAGEE m+y
dir~c~t a+d al) fir~ ~nd wind~rorm insurantt politiei on ~ny of said bvildmp~„ ~ny intsrpt thsrtin w put th~tw~, in th~ apprey~~~ swn ~fa~said ot
In ~xc~u therwt, ~Mll conrain ~tw u~wl s~andard morrgp~ cla~~~ w wch orl~ clav~ a tM Mor~ppN may rpvu~, nwki~p ~M bu und~. w~d po1F
ci~s. ~ach and w~rY. paYabl~ to uid hk~RiGAGEE +s imere~t maY ~pp~u. a~d ~ach ~nd twry s~ch polity ~hall b~ promptlr asti:yMd and d~liw«d to
~ny Fwld by aid MOitTGAGEE ~s fu~~ha ietvrity to ~aid mo.~pa~~ d~b~, and, oo~ kas tMe Nn (10) d~y~ in +dwac~ of ~h~ ~apiraion of each policy, to dr '
Nw? to saW MORTGAGEE + rerawal tAereof, to~~tMr with • rece~pt for tM p~~mium of ~uch rNNw~lj snd ~Mr~ sMll b~ ~o f:r~ a wi~ds~am inw~anu
pl~c~d on ~ny of said buitdin~e. ~ny interesl ther~~n or put thereo(, unlsu ~n ~h~ fwm ~~d w;th tM los~ pay~bl~ as afw~~aid~ ~nd in th~ ~wM ~ny ~wn i
of mon~y bec«rws payaW~ und~r iuch policy or polici~s said MORTGAGEE sMll haw ~he optan to reosiw ud ~pply tM s~m~ on ~ccount of tM Md~bted~ ~
nas wcw~d Mr~by a b ptrmit said MORTGAGORS ~o rauiw and us~ it p any pa~t tMrw! fo~ otha purposes. without ~h...b,r w~ivinp a unptir•
inp any pu~ty, lie~ w ri9ht under a by vutw of Ihii mortQsy~J and i~ ~h~ ~~Mf Nid AAORTGAGORS i~1aII ~W MY fNi011 iN! to kkp th~ s~id pr~mises so
kuvred. w tail to deliver promp?ly u~y of uid policics of inwra~ to sa~d MORTGAGEE, w fail prompfly to pay futlr aoy pr~mivm tM~~tw o~ any ,
nsp~ct fail 1o pNfam, di~charye, ~xecute, effecf, compleh, comply with ~nd abids by this cownaM, w~ny p~A I+~r~of, ~aid MORTGAGEE may p~~c~ +nd
paY (a wch tnwranc~ w any pan tMreoi without waivinp w aff~ctinp ~ny option, lien. pvity, w•iyM ~ndK o~ by virtw oF this Mort~aps, ~nd the ;
full artw~o~ of each and swry svch paymant ahall be immsdiately dw +nd payabl~ ~nd sMll be+r intae~l from tM dah thtrwt w?tU paid at tM raq ol . i
nirw p~r ca?twn per annum and ~ogethe~ with such interefi shall be secured by 1M 1i~n of thi~ mwtgap~. #
1. To permit, cannut a iut(er ~o wute, Impairment a deteraration oi said prope~ty p a~y parf thNeof. {
S. To pay •II and sinputw the costs, charges and expenses, indvdirg _a reasoo~bl~ ~nwn~y i ft~ and cos» of abstncts of titl~, inc~rr~d or paid t
a~y time by s~id MORTGAGEE, becauie a i~ the ev~M of the failura on the part of tF?~ uid N10RTGAGOR ro dvly, promptly and f~ily pKform, d~uharq~ 1
execute, eff~ct, compleq, comply with ar+d ab~de by esch and every the itipulat~ons, syreemenn, cond~~ions. and oow+wnn of s.d promisswy nor• +nd ihu ~
mortg~pe amr a ei~her, snd ia~d cotts, ch~rgei and eaperues, each and ~very, sMll b~ immediatdy dw ~nd pay~bl~: wMtMr or not tF~~ b~ notiu dt
m~nd, anempt to cdlkct or wit pending~ and ~F~e full amount of e~c!? snd every s~?ch payment ~hall bear intsr~st frpn tFw dat~ tMrpf v~til p~id at Nr
rate of nine per centum per an~wm; and all said costs, chargss and eapenses incurrtd w paid, tog~ther with wd~ int~rest, sMll M t~tur~d by tM liee of tlw
morlp~~. •
6. Th~f (a) in the event of sny br~ath of this Mortgsgt w default on Ihs part oi tM MORTGAGOR, w(b) in tM event ~ny of s~id wms of mon~y
herei~ refenad to be not promptly and fu11y paid withi~ ~h~rty (30) days next af~er ~h. sam. sere?.uy becon,, dw •nd payabl., without d~m~nd o~ notic~,
w W in ths event esch and every tM stipulations, agreemenn, cond~nwu .nd covens~n of sa~d promSssory not~ a+d th~s enorfpap~ any w~ilhN an nol
~uly, pompdy and fulty p~rfwmed, d~scharged. executed, s(feued. comp{e~ed, complied with and abided by, tMn in ~itF~? o~ ~enr s~rch w~M tF» said a~
preg~te wm mentaned in s~id promiuory note the~ ~emai~irg unpaid. with interesl xuutd. ~nd all mooeyf setwad h~reby, sFwll bstonh dut ~nd p~p
able fathwith, or thereafter, at the option of said MORTGAGEE, as fvlly and tompktely as if atl of the said sums of mon~y wtr~ o~ipinally stipulaftd j
ro be pa~d on such day, anything in u~d prom~sswy note or i~ this Mortgage to the contrary notwithatsndiny; ~nd the~evpon or thtreafta al tM option of
s
said MORTCaAGEE, wirhout ~otKe a demand, wit at law or in equity, therefore or thereafter begun, may b~ protecWad ~s if dl montys s~cvr~d hereby i
had matured pnw ~o its irutiwtion. i
7. That in the event th~t at the begi~ning oi w at aoy time pending any suit upw~ this Mortgags, or ro faecto~. h, ot fo nfwm tt, or to enfwp
p~yment of any claims he+eunder, said MORTGAGEE shatl apply to the Cours having ju.isdrcrion ihereof fw ths ~ppointment of a R~ceivN, such Court shall
Futhwith appoint s reteiver of said mortgaged property all and singuiar, inclvd:ng ~il and singular tM intort~s, profita, iituts a~d r~venues from what~va
•ource derived, each and every of which, it beirg expressly understood, is hereby matgaged u if spec~(ically sef fonh and dtwibed in Ilr po~ntinp and
habeodum clauses hereof, s~d such Receiv~~ sF»II have sll the b~wd and effecrive funu~oni and powers in anyvvise entrwted by a Court ro~ Receive?, ~nd
tuch appoinlment thall be made by such Court as an admitted equity and a matter of absolute right ro said MORTGAGEE, and withoul nferenc~ to th~
~dequacy a inadeq~acy of the vatue ot ~he property mwegaged or to the solverxy or insolvency of ssid MORTGAGOR ot- tht defendams, ~d that such
profin, income, iuues and revenues shall be applied by such Receiver accwding to the lien w puity of said AIIORTGAGEE and 1M pradiu of wch
8. To dvly, promptly and fully perfwm, discharge, execute, effect, comptcte, tomply with ~nd ~bide by Nch and ewry 1M stipulatiaa„ preement~,
conditions and covenaros ~n said promiuwy note and this mortgage set forth.
9. Th~t in the eveM the ownership of 1he mortgaged premises, w any part thereof, becomd vested in'a plnon othe~ th~n tM MORTGAGOR, f1r
MORTGAGEE, its successors a~d assgns, may, wishout notice to ~he MORTGApR, deal with such s~cceasor or wccessor in intaetf with rtfertnct to t1w
matgage and the debt hereby secured i~ the same ma~ner as with Mo~tgaga without in ~ny way viti~tirg p disthuying 1Fw Mortyagors' lisbilify hert
under or upon the debt hereby secured. No iale of the premises hereby mortgaged and no forbeaunce on the Rart of tht N10RTGAGEE w ita svaesson
w+ssigns and no extension of the time for the payment of rhe debt~hereby secvred given by tix MORTGAGEE or its wccesson or ~ssipns, shalt opsrat~
ro release, dixharge, modify change or affect the o~iginal liaS~Gty of the NM1ORTGAGOR herein, either in whole w in parl. 1
10. It is specifically agreed thaf time is oi the essen~e of fhis contred and that no waiver of any obli9ation hersw~der w of tl+~ obliy~tion ~e- #
Nred hereby sha11 at any time Ihereafter be he'.d ro be a waiver of the terms hereof w of the instrument secu~ed herby. i
11. In add~~ion ro rbe fw month~ ~
ego:ng y payments of prin~ pa1 and interesf required by t!x promiuory note secured hereby, mortysgor tovenants
and agrees to pay to mortgagee vvith each month!y payment an add~rional sum estimated by mwtgagee to be eq~at to 1/12 of the artnw) tost of the follow- ~
i
ug: t
A-All real property taaes levied or assessed agai~st the above described real estate.
B-Premiums o~ fire and windstorm in:urance as herein requ~red to be carried on the improvements tituate on the above destribed premises,
C-Premiums on such mortgage guara~ty ir.wrar,ce as mortgagee shall from time to time deem fit to cmy on the loan sscura! Frcteby.
Mortgsgee shatl irom teme to time notify mortgagor in writirg of the amovnt due and payable here~nder and such sum shafl there~pon be due and
, payable on the due date of the next monthfy paymenr and each successive month thereafter until mortgagee shal) notify mort9~gor of a thanpe in such
amount. Such sums shatl be applied by mwsgagee toward the payment of real p~operty taxes, iasurance premiwns, and morf~age yuatanfy insuwnte
prtmiums.
IN WITNESS WHEREOF, the said MORTGAGOR has hereumo set his hand and seal tlx day ~nd yeu fint afaessid. _
Siyned, Sealed and delivered in the prese~ce of:
aq
e th cw ~
~ ,
~ . ve lyn re
STATE OF FIORIDA 1
COUNTY Of $t • L11Cle ~ ~
Befwe me penonally appesred Kennet_h _R, Dzew
EV@lyil L Drew his wife, to me well known ~nd krwwn to me to b~
fhe individuab dewibed in and who executed the foregang instrument, and scknpwledped befwe ms tF~at tFKy ~xstuted the ssrr» for tM purposn
~he.ei~ expressed. nnd ~he sa;d Eve lyn L. Drew - 3
wife of th~ sa~d Kenne th R_ Dr w upor? ~ separ~te snd privat~
eaamination by me taken separate and apart from her said husbsnd, ec4nowledged to and bcfwe ms that ths exetvted said iristrument ireely snd volur~
tarily ~nd witho~t any compuision, ccnstraint, appre n'o or fex of or frwn her said husband,
WITNESS my h~nd and official seal thi d~y of p~ ~q_~
f ILED A!IU ; EC~RDE~ ~uy Publ~c ~n a~d fw ths St~te Horida tar ~
ST. LUCIE COUMTY f . ~
Fil3C;t~ ~JITRA My Cort~?iuion upires:
Return To: ~'t ~O
First Federal Savingi a loan AssociationaC Cnt'(! V C~ F1
Fa ~~y/ ~a -~-4 ~s
Of Fort P~erce.
Fort Pierce, Fl~~ida ~ ~ 3 04 PM ' I~
3141.39 . ~~~f;
This Instrument Pre red B - J' ~
Pa y John W. Collins ~
r.--, ,
First Federal Savings ~ Loan Association : = ~ ~ • • ;
~ S,~'.'' -
of Fort Pierce , Rlorida ~ ' ~ , . - ' : '
: )
Checked By . . ' ~ ~ . r- . - - ~
i
~ ~ . Z4~ FAGf 1355 ~ ~ ~ : . ;
BOOK
~ . .
_ _ - -
n~ :
~ ~ ~ ~
r-~~ ~.r ,a- - ~ x ~'+r~s^'-~
s w~r~~s~Y
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