HomeMy WebLinkAbout1660 To plxs and continvou~ly keap on the bui:dmg• now w herc~(ter ?ituat~ o~ sa~d land ~nd oe di equ~~r~ent and persona~ly covered by this mw~¢
age, with ~11 premium~ thcreon pa~d m iuli, Gra insura~ue io the uwal ieendard po!iq form, in • sum app~oved by the M~RiGAGEE, a~d windstorm ~
~nsvr~nce in ~he usuat sranda~d poi.cy ta~n, in a~um spp~oved by ihe MORTGAGEE, in :uch compsny or companiei as ~he MORTGAGEE may ~
d~rec~; ~nd all fi~e and w~ndsrorm inwrance potires on any o( sa~d build.ngs, any intere~? lherrin ur part thereof, in ~he aggregate sum afwesaid a ~
in exceu tlKrco(, sAall contain the usu~l ~~andard mortgagee dause w such a~hz. cta~:e as ~he Mongagee mey requus, makinq the lo~s unJer sa~d poli~
c~es, eath and every, payab~e ~o said MORTGAGEE as ~ts interesl Reay appear, and eacA end e~e~y svch po~icy shatl be promyiiy as~.g~ed a~d detivered to
eny held by ss~d MORIGAGEE ~s turtha security to said monfla9a debt, aod, not less ~han ten (10) dayt in sd+ente of the expira~~on oi eacb policy, to de ~
i;ver fo said MOR~GAGEE a renewal thereof, together wiih a reca~pt fw the preR~i~m of wch ~eRewal; and ~Aere shall be ra f;re or windstorm insurance ~
piated on any of said buildingt, •ny inieresl fharein w part thereof, unless in ~he for,n and with the loss paya6!e as aforesaid; ~nd in the evenf any tum ~
of mon~y becomes payabte undcr tuch policy or pol~cias sdid MORTGAGEE ihali have the opt~on to roceive and apply the same on account of the indebted-
nesa secured hereby o~ to permit faid MORTGAGOR$ fo receive and use it a any pa~~ thereof ~or o~her purposrs, v.~~hout th.rci~~ waivi~~3 or ~mpair- ~
ing any equity, lion ot right ~nder or by virtw oi ~his mo:tg~ge; and in Ihe even~ wid MORTGAGORS ~hall fp any reason (ail to keep the said premisas w
~nau.ed, or fail lo drli~er promptly any of said polic~es of insuran;e ~o se:d MORiGAGEE, w Fa~i prompfly to pay fully any prem~wn theretor w in a~y
reapect (ail to perFwm, d~schergt, e:ecute, effett, tomp:ete, carply with and ab~de by thii tove~ant, or any pa~t hereoi, said MORTGAGEE may place a~d f
pay fw such insurance o~ any part thereof w~thout waiving or affecting any opt~on, lie~, equity, or righl under or by virtue of th~s Matgage, and the •
fu~l amount of each and e.ery sucF. payment shalf be immrd~etely dua and payabte and sha11 bear iroerest from the date lhereof unti{ paid at the rate ol
~~~ne pe~ cenrum per ann~m anc! to~~.~her wiih s~:h inte•rsr sh.iii l,e sec~rrd by the lien of thh mo+lgage.
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4. To pe~mit, commit or suffer no waste, impartme~t or derer~orat~on oi u~d property w any part thereof, t
5. To pay all and singular the costs, charges and ex~xnsrs, inctuding a reasonab!e a»orney's fee.and costs of abstratls of title, incurr~ or paid st
eny time by sa~d MORiGAG[E, because a in the event of the tai~ura on the pa~t o( the said MORTGAGC~R to duly, pra-nptly and fuliy pe*form, d~xharge,
_-recute, effect, comp;ete, compiy w~th and ab:de by each and every the sti~ulanons, agreements, conddions, and covenants of said pranissory note end thi~
,:orrgage any or e~ehe~, azd sa:d costs, charges and ex~e~~ses, each and every, shaN be immed~ataly due and paysbie; whethe? or no~ there be no~ice dc
,n;,nd, atrempt to collett o~ suit pend~ng; and the ful! amount of each a~~d e~ery wch payntem shall bea. interesl from the date thertof. umil paid at the
r.~~~• ei n~ne per Ccntum F,.:r aiuw:n; onc! all said ccs~s, charges an~ expaos_s ~ix~rrcd or paid, logether wdh suth interest, shall be secured by the lien of th~s
mortgage.
6. That (a) in the event of any breach oI this Morrgage or default on ttr_ part of the MOR7GAGOR, or ;b) in the event sny of sa:d tums of money t
herein refe~red to bN n3f pto~npNy dnd 1ully paid withi~ thut~ {301 days nPxt a~:er the same severa!ly become due and payable, wi~Fwut ciemand o~ notice, ~
+',c) in the evenr each and every thc slipulahons, agrermei~ts, cund~:~ons and covenan~s of sa.d promiswry rrote and th~s mortgagc any or either are not
i~~ly, promptly and fuUy F,erformed, d scharyrd, exrc~ted, e~Fec~ed, compSeted, compi:ed vnth and ab+ded Sy, ~hen in e~~her or any such eveM the said ag- ~
~~egate sum memioned ~n sa~d pronustory note then rert~a~ning unpa~d, with iniere;t 3ccrued, and all moneys sewred hereby, shall betome due ind pay- ~
eo e forthwith, o~ thercafrer, at the opt~on of sa~d M0,27GAGEE, as fully ar~ co.t:p:ete!y as ii afl of the said sums of money were wiginelly stlputated
~e ~;d o~ such dey, anything in sa.d pro~r.~ssory note o~ in tnis ~.1u~tgage to the comrary notw+thstanding; and ~he~eupon w thereaher s~ the option of
s~ d/A~RTGAGEE, withoul not~ce or demand, suit at law or in equity, there:ore w Ihereafter be~un, may be prosecuted as if all moneys secured hereby
•:d ~~~atu~ed pnor f0 df institution. •
7. Tha~ in the event thar at the 6eginning oi or at any tin,e pend~ng any suir upcn this Mwlgage, or to foreclose it, w to refwm it, or to enfo~ce
. r._~nt o~ any c!s~ms herevr.d=r. sa~d AtORiGAvFE sha+1 apply ~o thr Cou~t he.~~,g ~,;r~sd:ction thereof for the appo~ntmenl of s Receiver, suth Cour1 shall
_ .~.~rh appo~nt a recei+er of s~id r~.o:lg~y.d pro,^.crrty atl a~d s:r.3~;ar, int:u3•ng aG .;~•d s~ngutar ~F.e income, profds, issues and revtnves ~ran whatever
s.:-.e dznretl, each and e+ery of ~vi~~ch, ir b•~~ng rxµress!y understoc,d, is hereoy m::rtg~ged as if spec:iicaily set forth and dexribed in tht granting aod
F:~., :dum r_:ause3 hereof, and svch Receiver shalS ha~e all the broad and eiiect:ve i~nc~.ors and powen in aoyv~~se entrusted by a Court to a Receiver, and
s.-~. a; p~~in!ment shaR be r,ade by such Court a~ an admrttrd equity and a n,at+er of at;sn~utr r.ght ro sa~d MORTGAGEE, and witnout reference to the
- __cy o: inadrquacy of tF.e valoe cf the property mon9aged or to ~he so.:e~~qr or ,n:p,venty ol sa~d MORTGAGOR p the de(endanta, and ?hat such
• ~s. pro(ifs, ir.come, issues and rever.ues sha~l be appi~ed by such Recciver ac.ord~.ig to the iien or equity of said MORiGAGEE and the prattice of such
8. To dufy, pr~mpl!y and tully pe~`orm, disd~arge, ~xecvte, e~tect, compiete, cc:~ply w~th and abide by each and every tFx stipulations, agreemeNS,
i.r~c~s and co+e~ants ~n sa~d promissc: ~r note and ~i: s morrgage s~t tortn.
9. iFat in !he event ~he ow•nersh~p af the n~o!tgaactl prr~+~ses, or arr pa~t tnercoi, bccomes vested in a person other than the MORTGAGOR, the
. ~,G%.GEE, i+s successors ar.d ass~~~r, may, wnhoue no~~c~ so tne :40RTvAJR. deaf ~~nh such su:cesso. or succesaw in interes! with reference to this
•~~~ye and ihc debt hcreby sxured i~ the same n~anne~ as.with htortgagor wAhout in any way vitating a d~xharging the Mortgagors' liabilify ~tere-
~ cr upon the drb? ?~erei;~ se_~«d rio sa:a of the p~e~:~s-s hereby morrgaged ar.d no forbeara~ce on the Fart of the fAORTGAGEE or iti successon
sss3.,s and no eatensian of thc ~iTr 1~r ihe pry:renl o( tFie'debt h~reb~ secured g~ven by the MORTGAGEE or its suctessors or assigns, sLall operate
e~se, d~xharge, modify change or a~fect the o:~g~~~al liab:l~~y oi tna h~ORTGAGOR here~n, either in whole w in part.
10. U is spec~ficaliy agreed tha+ t~me is of the esscnce 9f ~his contract and that no waiver of any obi~gaNon hereunder or of the obligation se-
c. •cd hareby ifia{I at any time th,:reafter be he:d to be a waivFr of,lhe 'erms here~f or of the instrumeM secured he~by.
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11. In aud rlc~ to the Ior•~~o :~g r.~onth'y F:a,rn,,.,v: of ~~r.:c cal and i•vc~est requ~red by the prom~ssory nore secured hereb/, mortgagor eove~a~ts #
~~~ees to ~ay to rr.o-Tgagee v.:m ~•~cF: n'cn~F~ y ~•3~~,'.b'11 ar. add~~.cnai sv^: •=zt~ • atzd b~ mortgagee to be equal ~0 1;•l2 04 the annual cost of the follow- ~
A-Atl reai preperhj taxas ~r~:.<: or ass_sse:i agicur tht ano:e drsrib_d real es!ate.
8-Gr~mw~^s on fire ar.d v,~ndsro:m ,r•svrarc~ as hcre~n reryu,red to ba can~e•d e~~ the :mproveme~ts s~tuate on the above described premises.
C-Pre~ni~na o:: svch mortg:ge gcar;ntr ~cwrr~:ce as morrg.~gee sha~l frorr s~me to time deem fit to carry on the loan secured hereby.
Nto~tgagee sha:; ~rcm ~~~cr. tc t[••:c r.cr~si mor.~agx In •x~it~ng of thr a~:ov~t d~e and payable hereund.~r and such sum sh~ll thereupon be due and
e on !he do~• ua!e of ihe n:o•~*.h ~ paym~r.t and e;ch su:c_ss6ve 'r:pn!h ti~ereafter ur.til mortgagee shal! notify mortgagor of a change in such
' r+. Such sums sha:i be appi;rti b~ :.:-r~gag:e ro:.a+d tbc F;ayment of real p.ep=rty taxes, insUrance prem:ums, and mortgage guaraMy insurante ~
~ . . :TS. ' _ . .
~ IN \'rIThE55 `NHEREOF, tie~ sa~~± N•OATGAGOR has hereu~!e set his h3r.d and seai the day and yea~ first aforewid. ~
/ S~gned, Sealed and de?ivered in the presence of: ^ `^,n_ e~ ~
` v ~s`~. ~
- Seal}
~
~ ~Sea4 !
/ ~ ~ (Seaq
~ , -
C - ~~a~
B T .
_ - ~ ~ E OF FLORIDA '
S5. :..•..:,r1:;7iiJI/
;~tITY OF - St Lucie i _;:~•~~.i,y ~ _.C~~`~~-.
Wa ne Erlsten , A/K/A W. Arthur Sr~~t=~jQ~''s'•• "
Before me personali~ appeared y / ~MJ i
_ ____~haron 1~1. Erlsten his w~te, to me wel~ kno~ilra k4iQw~to e~e so be ~
:;~d~viduais described in and who executed the foregoing instrument, and acknowiedged.befo:e me that they exetuied,~°the for ~fle putpobes ~
; v: C~. y ` .
~--_~e1n expressed. And the said _
~ of ~he sa~a _ __4~i.ayne A. Erlsten A/K/A W. Athur 8~ - ~s,~q
K L_
~ar.on 6y me taken separate and apart frcm her said husband, ackrawledged to a~d befo?e me that she exetvled q~ j7triop~it~r!!E(y~~nd•vQ{un- ,
~ ar.d w~thout any computsio~, constra:nt, apprehens~ , or fea. of or from F~er said hus nd. ' ~
. ti •~wss~~ "
Y~ITP+E55 my hand and offie~at sea! th~s____~___ _ day of _ -1q; p;e jq~ 7S ~
~ ~t~: , +
~ N ary Public in and for the State of fbrid~ at large
~ Commiuion e:pires: ' '.J ~ ~J/
Return To: ' ~ O ;
-.sf Federal Savings E loan Assoc~at:on f1 LEO ~hG RECORDE ~
aT. LUC~E C~U.yT1' FLA. /
of fo~r F..•;ce. pu:ER ~>tTR4S ~ ~(i .
~ Fo~t Pierce, F:o;;d~ C'~ERR ~CWT CQURT
RfC~~~ ~~:c..~f0 ~
~ ~ l 3 3z ~ ~
This Instrument Prepared By Richard K KayeS
F~rst Federal Savings & Loan Associaiion
of Fort Pierce ~~o2'f da i~.~~~~
~
Checked By
~ ~ o K ~42 ~ ~fi6~ ~ ~
' BUOK FAGE ~
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