HomeMy WebLinkAbout2285 3. To pl~c~ and con?inuously keep on ~ht bvild~nps now w Fu~aaltK ~i~uate on ~aid I~nd and on ail puipment ~nd p.r+onally covered by ~hls morq~
p~, with dl premiurtu thereon pa~d in (u14 fir~ lnsu~ance in 1M utu~l starde~d po)icy fwm, i~ • ium ~pproved by tM MOR(GAGEE, •nd wi~dsto~m
insurar?ce in tM uswl it~~dard pol~cy lam, in a sum approved by tM MORTGAGEE, in ~vch canpany p~ tompaniN +s tM MORTGAGEE may ~
dv~cb and all fk~ ~nd w~nd~to~m insu~anc~ po~iuci oe+ any of •oid lw;ld~nqs, ~ny inler~~t thaein w pa~l 1Mr~of, in tM a~rcp~~~ ium aiw~said w
in ~xcats ~her~of. ~hall conain tM uiual ~~andud ma~gay~e claus~ a such o~her c1~us~ a ~M Mor~pa~ may rp~ir~. nw?inp IM foa undN u~d potl~
cies, ~ath a~d ~ve~y, payabl~ to said MORiGAGEE a~ its intarest m~y appea~, and each and ~very ivch policy ~hall b~ pramptly us.9~d ~~d d~~~r~~ed 10
•ny Mld by said MORTGAvfE a~ twrF~s~ security ~o ssid nwnyay~ deb~, and, ~o~ te~s tMn ten (10) d~ys in advance of tM ~apiration o1 each polity, to dr '
I~ver to wtd MORiGAGfE a renewal thereof, ~oqerher w~th • rsceipt for the p~emcum of such .enewalj and Ihsr~ ihatl b~ no fk~ a wi~dstam insu~~nc~
placed on a~y of i~id buildinps, any in~~rest ther~~~ o~ pu~ ~hereof, vnleas in ~he torm and wi~h ~Fw loss payabl~ a~ afwesaid; and ir+ tM ~venf any tum
of nwn~y become~ payabte under such polity a policies said MORTGAGFE ~hall havs tM opt~on 1o r~ceiw e~d ~pply the same on accouM of IM ind~bted ~ y~
ness secvred hereby ot to otrmit faid MORTGAGORS lo rcceive and uN i1 Ot eny pa~t d~caeof fw other purposet, witho~t tha~rb~ waivi~ig o~ unpai.-
ing any equity, lia? w right urda or by vir~ue oi tha morsgago; and in tM eveN uid MORTGAGORS ihall for ~ny reason (ail to kesp the said pr~m~te~ so
insured, a fat) to detiver om tl an of said IKies o( insura~xe to ia~d MORTGAGEE, a fait °
P~ P Y Y Po promptly to pay (ulty ~ny prert~ium therefw a in ~nY . ,
respec~ fail to perfwm, discha~ge, execut~, etfect, comptete, comply with and eb~da by this covsnant, a a~y pa?t he~eof, said MORTGAGEE may plac~ •r~d
pay (a tuth ins~ranc~ or sny part thereof without waiviry w affedin9 any option, lien, puity, o~ righl unde~ or by virtw o1 thit Morl9ape, ~nd the
full amount of each end every such paymcnt shall be immed~ately due ~nd payabk and shall bear intere~t from tM dat~ Ihereof umil paid at the rat~ ot
n~ne per cent~m~ pet annum a~id fogrthcr with such in~ere~~ shali be securcd by the lien of this mortp~ge. '
1. To permit, commit or svffe~ no wasts, impairnxm or deterioratio~ o( said property p any psrt 1MreoF.
S. To pay all and cingular the costs. charpes and expenirs, inctudin9 • reawneble attwney's (e~ s~d cosb of abstr~cts of titls, irKUned w paid N
eny time by w~d MORTGAGfE, because a in the event of the taiiure on ~he pa~1 of the said MORTGAGOR to duly, promptly ~nd futly pe~fam, diuhargR
execute, efied, comptete, comply with and ab~de by s+ch ~nd e+ery fhe itipulat~ons, agrermenn, conditions, and covenanfs ot said p~om~ssory note and thit
mer~gage any a e~~her, and sa;d costs, charQes and expensef, each end ~ve?y, aMll be im+nediately dw ~nd payabl~; whether w not there bs notice ds~
mand, attempf lo toll~tl w~uit pend~n9; and the fvll srtauot of each and every such paymcnt shall bea~ in~erea~ from IM d+~e 1}+treof un1i1 paid ~f tht
r~re o! nino per centum pnr e~num; arw' all said costa, charpes and exH~nses iqcurred o? paid, together wuh suth iolsrest, shall be secured by th~ lien ol thu
mort9+9e• .
6. That (s) in the event of any breach of this Mortgsge w defau~t or~ the parl of the MORTGAGOR, w(b) in the evenf any of saw! s~mf of maky
herein reta?red to bs no1 prompUy and fully paid within ~huty (30) days i+ex~ after ~he same uveratiy becorrn due and payab~e, without dert?~nd w notice,
or (c) i~ the ~event exh snd every the stipu~ations, agre~ments, conditions s+d covenants of sa;d promiswry not~ and th~s mortgap~ any a eith~r •rt nol
~~ly, promptly and iuily performed, d.xharged, executed, effected, comptered, compl~ed v~ith and abided ~iy, then in e~ther w any such event the taid ag ~
gregate wm mcnt~axd in said promisaory ~ote then re~naining unpaid, with interest acuued, and ail moneys setured hereby, sMll become due snd pay-
eb;e fwthwith, or thereafter, at the oprion of said MORiGAGEE, as fully and compte~ety as if ~II of ~he said swns of money were aiginally stip~leted
to be paid on suth day, anything in sa;d pro~nissory note or in this Mwtgage to the contrary notwithstanding; and IhQteuport w thereafta N fhe option of
sa~d MOR~GAGEE, w~thout no~ice or demar.d, sv~t a~ law or in equity, therefore or ~heeratrer begun, may bs prosecuted as if aU moneys setured hereby
h~d matured pnor to its ins~itution.
7. Thar in the evem fhat at the beg7nn~ng of or at any time pending any :u~t upon thls Mortgage, o. to foreclose h, or to refam it, w to enforp
paymenl of any daims hereunde?, said MORTGAGEE sha(I apply to the Court having ~urisd~ction thereof fw ~he appointmsnt of a R~ceive~, futh Cou?1 sMll
fcr,hwith appoin~ a receiver of said mortgaged propcr~y all and aingular, includ~ng aI! ond s~nqulsr the entome, profits, isswt and rsvetwes f/om wbatever
source dcrived, each a~d eve~y of wh~ch, it being expressly vnder~tcod, is hereby n,o~tgaged as if sp~cifitally set forth and dNttibed in the grantinp and
habe.~dum davses hareof, and such Receiver shall have aU the luoad and efiective funct~ons and powms in anywiss e~truated by • Court to • Receive~, and
s,.ch appointment shall be made by such Cour1 as an admitted equity a~xl a matter o( absolute riyM to said MORTGAGEE, ~nd without referente to ths
adeq~acy a inadequacy ol the vslue oi the property mortgeged or to the sotvency c+ ~nzoivency of taid MORTGAGOR a the defendann, ar?d that tuch
renrs, profits, income, iuves end revenues shaii be appiied by such Rcce~ver eccord~ng to the lien w equity of said MORT6AGEE and Ihe practite of such
Court.
8. To duly, promptly ard fuily pafo+m, discharge, e,cecute, effecl, cornplete, comply with and aa~de by each and every the stip~rlatwns, ~grtements,
c~nditions and tovenanis in ;a:d prornisswy note and this mortgage sct forth.
9. 7hat in the event the ownersk7p of the martgaged premises. w any parl tixreof, becomes vested in a person other than the AhORiGAGOR, tM
A'CRTGAGEE, its successora and assigr.s, may, v.i:hout not[ce to etw AtORTGAOR, deal w~~h such successor or successw in intarest with refere~ce to this
mo~tgage and the debt hereby secured in tF.e aame manner at with ltortgago• w~thout in sny way vitiatinp or discharying the Mwtyagors' liabilify FKre-
~nde. or upw~ ttre drbt hereby secured. No saie oi ~6e premises herety mortgaged ar.d no ~wbearante on the part of t1~e MORTGAGEE w its successors
cr assigns and no ext~nsion of the time f~ the payment of the det~t h~reby sec~red g~ven by the MORTGAGEE or its ~ucce~sort or auigns, shal! optrate
ro re~ease, ducharge, modify cha~ge w affect the o~~gmat liab:f~ty of the MORTGAGOR herein, eithe~ in whok w in puf.
10. It is specifically agreed that time is of the esse~ce of this contract and that no waiver of any obligation he?eunder or of tl+~ obligstan se-
cured hercby shal~ at eny time lhereatter be hetd ro be a wair•er of the terms hereoi w of the inalrumeM aet~red herby.
11_ In add~r,on to ~he Forego'ng monthly paym~ms of princ'pal and inrerest required by the promissory_ note secured hereby, rtw~tgagor covenants
~nd agrees to pay to mortgagee wi2h each monthty payrnent an add~~iona! svm est%mated by mortgagee to be equal to 1~12 of the annual cost of the folfow-
i n.3:
A-Ail rea! property ta,ces tevicd or assessed agai:u+ the acove described real esrate. ~
B-Prem~vms o~ fire and w~ndstwm ~nsurar.ce as he~ein req~~red to be w.ried on 1F.e irnprovements situate on the above described premises.
C-Pre.niunu on :uch mwtg3ge guaranty insurar,ce as moftgagee shall frcm t~me to time deem fit to, tarry on the losn secvred hereby. ~
Mortgagec aheil f~o~n time to r~me ~orify n:ortgagor ]n writ~ng of the amo~nt due and payabRe hereunde? and such sum shall tF?ereupon be dve a~
,,able on the due da~e of ~he next month:y payment and each wccessive month the~eafter urtil mortgagee shall notify mortgagw of a thange in wch
~~.ount. Such sums nFa:i be app!ied by mo.tgagee toward the payment of real property taxes, insurante prem:uma, and mwtgage gwranty inwrante
~I ~ ~n,;urns.
IN WITNESS WHER~OF, the said MORTGAGOR has hereunto set his Fund and seal the day and ytar first atwessid.
~ Signed, Sealed and defivr.ed in the pre:ence of:
~ ?
FII~D ~V'' k~~uRDEO - ~ ~y
! ~ -'-W; ST. L'JCI~ :.OUNTY FIA. zanci s . O rien
FCGi.` ~ 1"~AS ~an
! CLERr :?~~~'T COURT ~
I . r •ca.F,E:I
~ ~9F...~i: ~ ~ - '
w i ~ ~ _ _ ~1.~-Cirl _ (sea4
~
~ ~ 3 3? 1 M~75 Eleanor K. O'Brien
s-.~rE oc Virgin~
~ JUNTY Of Pr~nce ~eoraes ~ 3168'76
Beiwe me penonal{y appeared Francis W. O'Brien
Eledl'fOT K O'Brien his wife, to me well known snd known to me to be
•he ~ndividuals described in and wfio execufed the fwegoing instrument, and acknowledged before me that they executed the same for th~ purposes
rne•e:n expressed. And the said Eleanor K. O'Brien
r~~fe of the said Franeis ~tT. O'Brien k~~1e ~~~te
exa,n~nat~on by me taken separate and apart from her said husband, atknowfedged to a~d befpe me that she executed said irutrument freely and volw~-
ra:~f~ and without any compulsion, consrraint, appreF~ens~ n, or fear of a from her said husband.
~ WITNESS my hs~d and official seal this day of SE'• ~1IIb q. p, ~q 75
~
Notsry Public in ~nd fbr the St~te of Florida ~t lar9s
My Commiuion expires:
f~turn To:
t First Federal Savings 3 Lonn Ass«;dt~o.~ ~y Commissioa Ezpires Oc~ 12. 1977
~ Of Fort P~erce. .
~ Fort Pierce, Flo~ida , ~ ~ .
~ . ~ 'r . . . -
..t`r.'~~, ',•~f.
~ This Instrument Prepared By J. Ha 1 RobeZ t s, J r ~ . ft : ;
First Federal Savings E~ Loan Association = ~ :
Fort Pierce , Florida 33450 -:~i _
_ _ ~~:~~,,i::
Chetked By .~r- ~ " ? ~~t
eo~~243 v~cE2285
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