HomeMy WebLinkAbout0046 3. To PIK~ ~nd continuously keep on Ihe bui!d~ngi now or here~fter ~ituate on sa~d land and on al! equipneN ~nd p~~aonally covt~sd by ihii matp~ ~
age, wi?h oll premiums the~eon pa~d in futl, fire in~urance ~n tht uswl srsoderd potiq twm, in a tum app~oved by th~ MORTGAGEE, +nd wmdeto~m '
~nsur~nc~ in the usual ~unda.d µ~i~cy tam, in a sum approv~d by tM MORiGAGEE, in iuch company o~ comp+n~es +s tM MORTGAGEE may j
direttj aod all fir~ and windsrorm insurants po~~cies a? ~ny of said build~~gs, any interest therein or part thereof, in tM ag9re9~re wm afwesaid o~
in ext~ts 1he~aof. tiRall contain ths usval standard ma~gages tlause q such other clauss as the Malgsgee may require, makinp fhs Iou under taid pol4
c~es, each s~d every, p~yable to said MORTGAGEE as ~ts intereit m~y ~ppear, snd each and every such pol~cy ~hall be promptty a~s gned and del~vered ~o
eny heW by sa~d MORfGAGEE ai fur~he~ iccurity ~o said mw~page debt, and, not leu than ten (10) daya in advance of ~he expirat~on of e~ch pot~cy, to dr
live? lo said MORiGAGEE a rtnewai thcreot, rogether with a rete~pt tOr the prrmium o( such renewal; and Ihers ~MII be no firs o~ windsto~m in~urant~
plated on any of ssid bui:di~gs, any iNerett therein ot p~rt thereof, un{et~ in the fo~m and with Ihs loss payable as aloreuid; ~nd i~ th~ waN ~ny sum ~
of mon~y becomes payable under such policy w poGciss ss~d MORTGAGEE ~hali h~ve ~he optan fo receive aod apply the ame a+ sccovnt oi the indebted-
ness secured hereby a ro pe~mit iaid MORiGAGORS to receive arxl uts il a any parl thereof for aher purposes, wiihout th:r.:u; wa~vi ~g or ~mpair• '
ing any equity, lien or right unde~ w by, virrue of thi~ mors9a9e; and in ths ~vent sa~d MORTi,Ai,ORS shsll for ~ny reasoo fail to keep the u~c1 pien~irei ~o
~nsu~ed, or fail ro del~ver promptly any of sa~d pol;cies ol insura~xe to said AM7RIGAGEE, w iail promptly 1o pay fully any pre~~ium therefw w in any
resped fail to parFwm, disthsrge, execute, ef(ect, canp:ete, canply with and abida by this tovenanf, p any parT Ar~eoi, said MQRTGAGEE may pl~te and
pay fw s~ch insurance w any part thereof without waivi~g w affectii+g •ny option, lien, equ~ty, or righf under w by virtw oF tF+is Mwtya9e. +nd the •
fu11 amount o( each and evxy iuch paymen~ shalt be immediately due and payable snd shatl bear imue~t from the date thereof until paid at the rate ol
r,~ne per ceNum per annum and togriher with euch interest shal{ lx secured by the lien o( this ~qptgage.
a_ To oermir_ co.nmt~ o. ~fie. b Wai?s_ imna'ument d de~eraratlon o( aa~d wonertr d anv wA thereof. ' '
5. To pay all and singulsr ths costs, charges and expenses, including a reasonable attorney't fee and costs of abslratts of title, incurred or paid st ~
any time by sa~d MORiGAGEE, because w~n ~he event of the faiiure o~ the part of the said MORTGAGOR to duly, promptly snd fully perfam, discharge.
sxecute, etfect, comptete, comply w~th and ab:de by each and every the st~pulatrons, agreeme~ts, condit~ons, and covenan~s oi u~d promiswry note and ~hii ~
~:orrgage any or e~iher, and sa:d cosn, cMrges and expenses, each and every, shall be immed~atety due and payable; whe~her w no~ there be r+otice d~
mand, attempt ro collect or suit pend~ng; and the full amount of each and evcry such payment shall bea. interes~ from the date thereof umil pa+d at the i
~are oi ~iine pe~ trntum ~r annum; and ail said cosn, cMrges and exprnses inturred w peid, togeiher w~th such iroe~est, ~hall be seturtd by the lien of this
mortgage. ;
6. Tfiat (a) in the eve~t of a~y breach of this Mortgage or default on ~tr part oI thc MORTGAGOR, w(b) in the event any of wtd suma of money tf
here~n refer~ed to be not promptly and fully Faid v~i~hin thnty (30) days nea~ ai~er fhe same severalty become dve aod payabte, without demand or notice, ;
cr (c) in the event each and every the stipulations, agreements, cond~t~ons and covenants ot u:d promissory note and th~s mortgage any w either are eot ' i
ivly, promptly and fulty perfonned, d~scharged, executed, elFected, compteted, compl~ed with and ab~ded by, then in either a any such event the said a¢ '
gregate sum mentioned in sa~d promisso?y note thtn remaining unpaid, w~th intere;t accrued, and al! moneys lecured hereby, shall betome due and pay- k!
at!e forthwith, w thereafrcr, at the opt~on of said MORTGAGEE, as (uliy and comple~ety as il all of ~he said sums of mo~ey were aiginally st~pulated 1
ro be pa~d on s~ch day, anrthing in sa;d prom;sswy note or in ~his Mo~tgaqr io the cor~trery not,nrithstanding; and thereupo~ o? therea(ter at the option of ~
srld MORTGAGfE, w~rhout not;ce ar demand, suit at law w in equity, therefore or thereat~er begun, may be p~osecvted es if all mQneys secured hereby
n_d maWtttJ pnot to Js institutrOn.
7. That in the event that at the beginn~ng of w at any time pend~ng any su~t upon this Mortgsge, or to faeclose it, a to reform it, or to enforce
N.~,rment of any c!a+ms hereunder, :aid MORTGAGEE shali appty to the Cou~t ha~ing juriad:ciion d~ereof fw the appointment of a Receiver, such Co~n shall
F.~„h.,,~r1, r~~;n~ a.>t.;.,.. nf .~;.J .,,~.~~a3.+~1 p.a~~+ty al! a.w3 s~.~~~~la. :n~l~,.~•n~ au a~,~! a~„~~~Iar rh. cnc~ne, nrof~ts, issues and revenues (rom whatever
s_~•ce derived, each and every of which, rt being e.apreu!y ~nderstood, is hereby mongaged as if speufically set forth and described in the g~anting and
h3!,endum clauses hereof, ard such Receiver shall have all the broad and effective funcrons and powers in anywise entrusted by a Court to a Reteiver, and
c::h appointment shall be made by such Gourt as an admiued equ~ty and a ma~rrr of absoiute right to said MORTGAGEE, and withouf re(erence to the
e~?eyuaty o~ enadequacy o( the vaiue of the p~operty mortgaged or _to the so.ve~xy or :nsoiventy o( said MORiGAGOR w the deFendants, and that suth
,rs, profits, income, issues and revenues shait be applied by such Receiver accord+:~g to the lien or equity of said MORTGAGEE and the prattice o( such
r_curt, '
8. To d~!y, pran,pt'y and futty pe~(orm, d~scharge, execute, effect, complete, cornpiy with and abide by esth and every the stipulations, agreements,
co-,diiions and covenants ~n sa~d prom~ssory note and sh~s mortgage set iorth.
9. That in the event the ownership of the rnorlgaqed premises, or any oart thereo(, becomes vested in a perwn other than the MORTGAGOR, the
:•_^•RTGAGfE, i~s auccessas and assign:, may, wi~hove notke to ~he MORTGPOR, deal w~th such successw o? successa in interest with rcfere~ce to thia
o•fya~e and ti~e deb~ hereby secur~d in the same man~er as w~th Rlortgago~ w~thout in any way vitiating w d~scharging the Mottgagors' liability here-
~.d_r or upon t6e deot hc~rrby secured. No sele of tl~e pre~n~tes hereby mongaged and no forbearance on 1he part of 1he MORTGAGEE or its sutceswrs
c• ~s~~gns and no exrens~on ot the time for the paymeM of the debt he.eby secured given by the MORTGAGEE or its successws or assignf, shall operate
ro re'ease, d~scharge, moclify char.ge or affM the originai liaoility of ?he MORIGAGOR herein, either in whole ot in part.
10. It is speuficatty ag~eed that time is of tf~C essence of this contract and that no waiver of any obiigation F~ere~nder w af the obligation se-
c~~red h.reby shali at any tirne thereafter be he!d to be s wa~ver of the terms hereof or of the instrument secured herby.
a
11. In add~tie~ to ~hA forego'ng month'y payments of princ pal and inreresr requ~:rd by ihe promissory nore secured hereby, mortgagor eovenants
+ d agrees eo pay to mortgagee with rach momh~y payr:,em an addaio~al svm est~n:ated by mortgagee fo be equal to 1/12 of ihe annual cost of the follo.v-
A-All rcal property taxes levicd or assessrd agai•,st the above desc•ibed ~eat es~a+e.
B-Pt¢miwni on iire and windsto:m ~r.su~ar.ce as hereen reqv~red fo be carried on the [mprovsme~ts situate on the above described premises.
C-Premiuvs on such mortgage g~arant~ :r.s~rance as mortgagee sfiall from i:me to time deem fit to tarry on the loan secured hereby.
Mwigagee she!I f.om t~me to time not~fy morr3agor in wr~ting of the an,o:;nt due and payable hereunder and such sum shall thereupon be due and
.,;hle on tha due date of th~ next monthly paymenf and each success~ve month thereafier urti! mortgagee shall notify mortgagor of a change in such
:~•~unt. Such sums sha~i !x applied by mwtgagee toward the payment of real property ta~ees, insurance prem:~ms, and mortgage guaranty insuronce
..~e~r,:ums. ~
IN Y~ITNESS WHER~Of, the sa~d MORTGAvOR has hereunto set his hand and seal the day and year first aforesaid.
I~ Sigoed, Seated and delivered in the p~esence of: ~
j ~
i - - f~1.~0 41i: ~ECO~tbfO ' aq
k S7.~UC~~ C~l;M3~ FLA.
f - ac~~~ To~z~s . . sn
- - CIERK L': Clf1T COWt7 ~ ~s~,n
~ - AF~O?~.^ v:~:.~~f~ (sesq
~ S':.TE OF FLORIDA ~ ~ ~ 3 '~T ~i!'~5
~ St. Lucie
~ C ~U'dTY OF - ~ 315390
t
Betore me personally appeared Lioyd Erickson a~
_ V1rCJlIlld Eriekson his wife, to me well known and known to me to be
rh~ ind~viduals described in and who executed the foregang instrument, and acknowledged before me that they exetuted the same "fw the purpoaes
rhe~ein expressed_ And the said Virginia Eriekson _
~ {e of ~he saEd Llovd- Eriekson ' opor, a separate and prrvsts ~
~•a-r,~nanon by me taken separate and apart from her said husband, aticnowied9ed to and before me that she executed said instrumeM frcely and voluo-
3 and wrthout any compu+s'an, constraint, apprehens,oo, w fear of or from her said husbarxl.
~ V~ITNESS my hand and off~ual seal th~s__~~~ day of_ Au uSt- q, p ~q 75
` j .
~ Notary Public in end f~the State of Fbrida at Larye ~
g My Commiss'wn ~expires: (
5 Return To:
~ rirst Federal Savings 3 loan Associat~on ~~~T%•yY p~~::~. STf,?E oi R03lOA st lr^;E
° L:Y ~v~~'.YI'~~~:~'i " c
Of Fo:t V'e.ce. ~X~ I^~S 1F~~:. 7. 1977
~ bonCed by hmtr~can fra.~~is I~aur.nco ~:w ~
x Fort Pierce. F:orida
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This Instrument Prepared By Richard K. Kayes v••' •.~S- ~f.
First Federal Savings & Loan Associafion ~'f`~ %
~ of Fort Pierce , Florida ~ % ,±ti ~ - i• ~ =
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y ° R 243 4fi - p, ~
Checked B~ gppK PACE c~':'' ;
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