HomeMy WebLinkAbout1525 3. To plx~ ~nd continuously kcep on ~M buiiding~ now w hareair~~ Wtw~~ on ~~~d land u~d on ~11 pu~p.+~~t and pNwn~ity covwed by t~i~ matq~ ,.4., ~
sq~. with all wsmiums Iherson psid in (ull, fir~ inw~~nte in th~ u~wl ~undard poticy fa~m. ie~ • wm approwd by tM MORiGAGEE. and w~twm , a
~nw~anc~ i~ tM uswl t~~ndard policy (am, in • ~um ~pprov~d by tM MORTGAGEE. in wch company a canpaeip u 1h~ MORTGAGEE m+y ,
dirKlj and ail (G~ ~nd w~ndstwm i~wr~nc~ policies on any o( ieid buildinps. anr int~r~s~ tl+~rein or p~rt tMr~of. M tM yqrpaq wm ~tan+id w +
in exttss Ihenof, tFal~ contain th~ usual standard mor~g+ye~ tiaus~ p ~uch o~F+p ciau~ as tM 1Norpayt~ may rp~ir~. makinp IM ~oss undN sa~d po~N " ~
c~ee, sach ar?d ~vtry, payabl~ fo aid MORTGAGEE ai itf interrtl m~y appe+~, and e~ch ~nd ~ve~y tuth policy ~l+all b~ promptly +~~.yned and deliv~red to ~
.ny Asld by sa~d MORTGAGEE fwthH iecwity ~o said mor~pag~ debt, and, not I~ii ~han ~~n p0) day~ in ~dwnu o( th~ ~xpir~tion of ~a;h Folicy, to d~-
I~~er to s~id MORTGAGEE ~ renewal thereof. tope~ha with a receipt Ew IM! premium o( ~uch rsnewal; ~nd Ihen ihall b~ no fv~ w windstam In~uranc~
p~x~d on ~ny of iaid buildirgs, aey t~~ers~~ thsrs~n a part thereof, unle~s in ~h~ form a~d with ~M los~ p~rabl~ as sfa~aid: and in ~M ~w~~ ~~y wm -r~
of mon~y become~ payabl~ under such policy p polici~i aaid MORTG/1GEE sMll Mw ti» c~i~on to ntsiw and apply ~hs wn~ on ~ccovM oi ~M incJeb~ed- ..y,
ness secured herebr or ro pe~mil ~aid MORTGAGORS to teteive and ust i1 w•ny pa~t ti~ereof tor othc? purposes, ~vithout Ihereb~ waivi~~g w ~mpair-
~r+g a~y equity, lian p ripht undtr w by virtw of thit mortgayej and in tM ivent said MORTGAGORS shall (ot ~ny rea~on fail to keep the said premisas so ' -
i~sured, w(ail ro de='ye~ prompUy any of iaid policias o( in~uranu to said MORTGAGEE, w fait promptly to pay fully any premium ther~fa a M any
respect fiil to pt~for~, discharae, ~aecute, ~ffect, comp~ete, canply with and ab7de by Ihis covenanl, a any pert Mrwf, s~id MORTGAGEE may pl+c~ and
pay fa such iruur~nc~ or any part thereof without waiviny o~ affec~inp any optian, lien, pu~ty, w~~ght unda or by vlrtu~ 0/ thit Mat~a~e, and tM
f~11 amo~nl of each and every such paymem shdl bs immediately dw artd p~yabl~ snd shall be~r i~t~resl from Ih~ date Ihaeot umil paid at tM rat~ ol
~~~~e per cenwm pe~ annum and to~ether with such i~terest shali be srcurcd by tht li~n of Ihis morfgaye. -
1. To ptrmit, oommit or suHer no wa~te, imp~irment or detrrioreia~ of taid propsrty or any psrf thereof.
S. To pay all and slnpula~ the costs, chupa and expanrs, includinp a reason~bk anorn~y's Fe~ and costs of ~bstrarn of iiil~, incwrad a paid at
any iirne by said MORTGAGfE, because w in ~he eve~t of tM ta~lure on the par~ of ~h~ said MORTGAGOR to duly, promptly ~~d fully p~rform, d~scMr9R
~xecu~e, elfed, comple~e, comply with and ab:de by sach and every the ~upulat~ons, agreen.ents, conditions, •nd coven+nts o( ~aid promisswy no~t and this
morrgaQa ~ny a eitF+e~. and ssid co~tt, chargea a~d expenses. cach and ~very. slull be immediately dw ~nd payablet whether p nW ther~ b~ notit~ dr
mand, ateempt to coltect or wit p~nd~ng; and tM fu11 anavm of aach and wery su~h paymem shafl bea. intersst from Ih~ dat~ thereof until p~id a1 the
rare oi nine per centum per a~u~um; and all uid wst~, charges anc! expenses intuned or paid, toyether w~th tuth interast, sMll b~ sttured by tFw INn of thi~
morfgagt.
6. That t+) in the event of any Meach of this Mortgage or def~ult on tM part oi the MORTGAGOR, w(b) in the ~ve~t ~ny of sa~d wm~ of mon~y
herein referred ~o b~ not p~ompNy ~nd (ully paid within thirty (30) days neat after the same severalty becomt dw and pay~bl~, withoul dem~nd w notice,
o. (c) in the svtnt each and every the stipu~atiau, sgreements, condi~~ons and covenan~a of ia:d promiuorY note a~+d tlus mortpp~ ~ny or ~ithe~ are no1
i~ly, promptly and fully performeo, d~scharged, executed, effec+ed, completed, compt~ed w~th and a6ided ~iy„ tMn in either a any a~ch ewnt tl» s~id ap~
gregate wm mentaned in said promisawy note then remaining unpaid, with interesf accrued, ar~d ill nqneys setuted hereby, sMll betony t1w u?d p~y~
eo:e forthwith, w thereafter, at tF?e opTion oi said MORTGAGEE, as f~fly and completely as if sll of the ssid wmi of,r~»y w(Re,oripindly atipulated
to be ,+aid on suth day, anything in sa:d promissay note ot in thi: Mortgage to the cororary nofwitMtsnding; snd thete~ip0~ O( thereaher N tM Option of
sa~d MORiGAGEE, w~ihout notice or demand, suit at lew w in equity, the.eEwe a the~eaf~er begun, may be prosa~utad~st' i~ i~l r?~xya Ncur~d Mreby
hod matured prror to Ns institution. v ~ , . ~ • . • ~ ~
. ~ . tr • • >•-,'S t~~~
7. ihat io the evtnt that at the beginn~ng of or at any iime pending any su~t upon this Moftgis~,'8rto`fo?ecldf~_yf~0/~b ieform.~1, Oqto enforp
payment of sny daims hereunder, said MORTGAGEE shall apply to the Court having jurisd~ction thl,ro~fo~ lfie ~ppointmant ~ iFRefretVl~?.'ivch Caxt sh~ll
icr!hwith apFwiM s receiver of said mortgaged property alf and singu:er, inctud,ng a:l and singular the incoma, profits, issue! aed revenues frOm whateve? i
s:~u•cr de~ived, each anJ evr~y of wh~ch, i! bcing c:press!y undentood. is hrreby mortgaged as if speciliully set fpth.and dewibed in tFw yranting aod =
habendum cleuses he~cof, and such Receiver shall have all the b~oad and effective f~nu~ons and powers in ~nywise ent~usted by ~ Court to a Receiver, and 4
r..ch appointment shaN be m~de by such Court as an ad,nitted equity and a maft~r of absolute r7ght to said MORTGAGEE, and wifhouf rsference ro th~ t
adrquaq or inadequaty of the value of the property mortga~ed w to ehe save~cy o. ~~solvency of iaid MORiGAGOR ot the defendants, and thal tuch
renrs, proiits, incane, iuues and revenues shall be applied by such Receiver acco~d~ng to the lien ot equity of iaid MORiGAGEE and the practice of such j-
Court. ~
8. To dufy, promptly and fully perform, discharge, execute, effect, complete, tomply with and abide by each a~d every fhe stipulaKons, agreemenb, ~
conditions and covenants in sa~d promisswy nota and this mortgage se~ fonh.
9. That in the event the ovrnernhip of the mortgaged prcm~us. w any part the~eof, becomes vested in a person othe? tlHn the MORTGAGOR, fM ~
:'ORtGAGEE, its successars and assi~ns, may, wlthoui no~~ce to the N.OitTGAOR, deal w~th such succeuw or successor in interesl with referente to this
r°o~rgage and Ihe debt hereby secured in the same manner as with ASortgagw withovt in any way vitiatirg w d~uhargioy the Matg~gots' (i~bility hertr :
~~~:der or upon the drbt hereby secured. ho sale of the Fremises hereby mortgaged and no fwbearance on 11?~ part of tM MORTGAGEE w its successws ~
c~ ass~gns and no extens~on of the rime fw t!K pa~men~ of the debt hereby secured given by the 1VIORTGAGEE or its successon or assigro, ahall operate ;
~o release, distharge, modify change o~ afFect the original liab:lity of Ihe /J~ORTGAGOR herein, either in whole w in patt. ~
10. It is spec~fically agreed that time is of the essence of this contrxt and th~f no waiver of any oblgation herevnder or of tl» obligation sa- ~
cured hereby shal( af any time thereafter be he:d to be a wai.e~ of the terms he~eof w of the instrument secwed herby.
11. In aodaion to the iwego;ng monthiy paym~nts oi p~i~c pal and ineerest required~ by the promissory note secured hereby, mortgagor covenaMS F
>~d agr~ to pay lo mortgagee with each monthly payinent an add~tionsl s~m est:rr.ated by mortgagee fo be eq~sl to 1~12 of fhe annua) cost of the follow- ~
A-Ail real prope?ty taxes levied or assessed agai•~st thc a6ove dexribed real estate.
B-Premiums o~ fire and wlndslorm ~nsurar.ce as iierc~n requ:red to. be wrried on the improveme.its situate on fF~e above dewibed premises.
C-Premiums on such mortgage guaranty insy*ar~ce as mor~gagee shall from t~me to time deem fif fo carry on the loan setured hereby.
Mwtgagee shail from time to time notify -~~rrgagor in writ~ng o( thr amount due and payablt hereunder and such wm siwll ihereupon be due and
, c i,abte on ihe due date of the ne:t monthly payme~t and each successive month thereai~er ur.~il rl~wtgagee shall notify mortgagor of a clwngs in such
=-«,nt_ Such sums sFail be applied by mortgagee io-.vard the paymem of real property taxes, insurance prem~~ms, and mo~tgage guaranty inwrsoca
~ u~e~r.:oms.
IN V~ITNESS WHEREOF, the sa~d MORTGAGOR has he+eunto set his harxi and seal the day e~r fi~st sforesaid.
Signed, Sealed and delivered in the prese~ce of: ~'~p ~k~ RE~Og~p
- - sT. ~uc~~ cau+~nr ,q '
ROCEn F~ItRAS ~ ~ ~
~j „ ~ CtERK C~~CUIT COURT "
AEC(1?D YE ~;~i~~ ~
~
; _ ~ l2 zi PM'75 ~
~ 5~:+7E OF FLORIDA
[ ~CU'JTY OF St . Lucie ~ ~~~~1~
E , Before me personally eppeared Mlke r a s er `
~ Id~lidia NdSCY his wife, to me well known and known to me to bs
~ r~e individuals described in and who executed the foregoiny instrument, and scknowledged-before me tMt they executed ti~e ssme for the pvrposes
~he~eio expressed. And tM sa' Idolldia Naser
~ +~:fe of ths sa~d N11 e Na ser ~~~~e
~ e=am~nat"an by me taken separote and apart from Fxr said husband, acknowledged to and before me'thst she executed said irutrument freely and volun-
ra, ~iy and without any compulsion, constraint, ~pprehens~on, or feu of or from her said husband.
€ WITNE55 my hand and officisl seal this- 5th day of SQ tember a o. 19 7S
€
i otary Public in and iw t State of F~~da~t Lsrp~ f
My Commission expires: /S ,
Retum Ta
'r
€ F~rst Federal Saving: 8 loan Association
' Of Fort Pierce. titls;~~~~~. . ~
~
; • r _
~ Fort Pierce, Florida ;
j-~ ~ ~
a
€ , ' • J',~ ~
~ ~ i~' % ~~QY
~ i
i ' ~j~ . .
, ~Y i
` This Instrument Prepared ByJ, Hal Robezts, Jr. ~ : t w. ;
n ' : , ; ` r, ~
~ First Federal Savings b Loan Association ~ • ~
• ; ;
` of Fort Pierce, Florida 33aS0 -~O;ti i-~ ~
3 . .
, ~ ,
~ • ri'
' Check (`j `~'rr .
~ ao~~ ~43 Pacf 1525 ~ .
~ .,~rrrtttuu~~~
•
~
E ~ ~A
~ ~ ~ . , ~ ~
.a ~ ; . ; , , ~
_ , - - - - - - - - - - _ -
'