HomeMy WebLinkAbout0182 3. To plac~ and contimw~,sly keep on fhe bui'd~ngs now w herea(te~ sitwt~ on t~~d land and on ~11 puipmtnf and pK~auily tova~d by lhis ~nat9-
~p~, with •1) prtmiums thercon ps~d in fult, fira inturance i~ ths usual ~unde~d poticy form. in a tum approv~d by tM MORiGAGEE. a~+d winditwm
k?t~ra~c~ in tM usual itandard pol~cy form, in s s~m spproved by ~M MORTGAGEE, in ~uch comp~~y o~ tanpani~s a th~ MORTGAGEE may
dwettj and all fir~ and wind~torm i~surance poliues a+ any of said bvild,ngf. any inttn~t the~~in a pa~t tAtnof, ie tM ap~.e~+tt wm atw~s~id w
In ~xtetf ~hereof, ~MII conuin tM usual s~andard mortgagaa clivn a such otha claus~ ~t ~M Mortya~N may rpv~rt, m~Minp tM lo~s ~ndN s+~d po1M <
cie~, each arxl ~vay, payabl~ to s~id MORTGAGEE as 1ts imercit may ~ppear, and each and ~ve~y ~uth pol~cy ~hall b~ pramptly a»:9n~d ~nd d~livtr~d to °
u?r Aeld by a~d MORiGAGEE as ivrther security to said maiyage deb?, and, not !eu tha~ ten (10) days in advanc~ of tM ~xpir~tion of axh policy, to d~-
IivN to said MORTGAGEE • renewal tFKreof, toge~her with a rece~pt fa the premium of such renew+l; and the~~ tMll bt no fir~ pr wind~lam inturanc~
placrd on ~ny o( said buildings. any interest therein w part the~eof, unless in the to~m and with tM loss paYabl~ at afa~saW: ~nd in t!~ ~vent any sum
of monsy become~ payabl~ under such policy a policies said MORTGAGEE shall have ths oprion to receiv~ and ~pply tM s+m~ on +ccounl of tM ind~bted~
neu ~ecured hereby w to p~rmit said MO~TGAGORS to receive and us~ it w any pa~t ~hereol for ot?.er pu~poses, wi~hout ~hs.eb~ waivinp w wnp+ir-
inp any equ~ty, lien or right undcr w by virtue of thii mo:t9+ge; a~d in tM event w~d MORiGAGORS iMll ta ~ny reaso~ i+il ro keep ~F?e sad w.nuu+ so
insurcd, or fai) b deliver promptly any of said policie~ ot insu~ante to asid MdRTGAGEE, ot fail promptly fo pay fvlly a~y premium thet~fot p in ~ny ~s
r~spect lail to perfwm, d~scharge, execute, e}fect, complete, comply with and abide by thi~ covenan~, or ~ny psr~ Mreof, said MORTGAGEE ~++y p~~c~ +nd ^
pay fo~ such iniurance or any part thereof witAout waiving a a(feclirq any option, li~n, equity, w riphl unde~ w by virtw of this Mortp~t, ~~d tht . ^
full amount of esth and every such payment ahatl be immediately due ~nd payable and shall be~r i~terest from 1M dai~ Ihereoi vntil paid at th~ ral~ 01 '
nine per centum per annum and to~e~her with such interest shati be secured by the lien o( lhis mwfpays. '
4. To permit, commit or su!(er no wasre, impairmcnt a deterioration oi sald property w a~y parl thereof.
S. 7o pay all a~d ungul~? the costs, chargei and expenses, induding • ressonabk attw~ey • fee and costs of abst?acta of tiele, in~cuned w paid n
any time by said hhORTGAGEE, becauu or in the event of the failure on the pan of Ihe said MORTGAGOR to duty, promp~ly and fully pNfam, diuhu~,
execute, eifect, complere, compiy w~?h ar*d ab;dr by each and every tfie st~pulat~ons, ayreenxnts, conditiona, +nd cownanb of aid p~omissory note and thif
mwtgsga any or e~ther, and sa~d costs, charges and expenses, rach and eve+y, ihall bt immediately due ~rd payable; whethe~ or not thert bt not~ce d~
msnd, attempt to collect or suit pend~ng; and ihe ivll amoum of each ancl every such payment shall bear intere~t from tM date thereof vntil p~id at the
rate of nine per centum per amwm; and all said costs, charges and expenses incurred or peid, together w~th wth intsreat, shall b~ sKUred by tAe lien of thif
mortyaye.
6. Tha1 (a) in the event of any breach of th~s Mwtgage o~ defavlt on tM part of the MORTGAGOR, w(b) 1~ 1he evenf ~~y of ssid svms of money
herein referred to be nof p~omprly and Fully paid wi~hin th~rty (30y days next after Ihe same uveratly Decome due ~nd payaWe, withovt demsnd w notice,
w(c) in the event each and every ~he sripula+ions, agreements, conditions and covenanrs of sa~d promissay ame and thls mort9ap~ any a eitM~ +re nol _
~uly. promptly and fully performed, d~scharged. executed, elfectcd. completed, complied with and abided hy, then in eithsr w ~ny suth ~v~nt tIN iaid a¢
pregats wm mentioned in said promissory nae then re~naining unpa~d, wi~h interest accrued, and all mo~eys tecured hereby, tMll betom~ du~ a~d pay-
able forthwith, or ~herea~ter, at ~he opt~on of sa~d MORTGAGEE, as fully and completely as ii al{ of the said wms of money were originally stipulated
to be paid o~_such day, anything in sa;d p.omissory note or in ~his Mortgage to ~he co~trary notwithsta~ding; snd thereupon w thereaiter at the OptiOn of
taid MORTi3AGEE, without notice or de~nand, suit at law or in equity, therefore w thereafter begun, may be protecuted ~s if sll moneyt sac~red heteby
had matured pnw lo ~ts insutution.
7. Tha~ in ths went that at the beginn:ng oi or at any time pend~ng any suit upon this Mo.tgag~, ot fo fa~clos+ it, or to reform It, or to enforp
payment ot aoy tia~ms ne~eunde?, aaio MVK1~7HbCt anan appiy w ine ~.wn nav~ng ~urisd~c~ion inerevi ivr ~p~nrininrooi u~ i weae~~v, ivii. i.vwi s'..~ii
Farthwith appoiM a receiver of sa~d mo~tgaged p?operty aII and singutar, includ~ng all sAd singular ih~ incom~, profits, iuues and revenues from whatever
source de~ived, each and every of wh~ch, e~ be~ng expressiy underuood, is hereby most0~g~d at if specifiu(ly set fath ~nd d~saib~d in tM yraroinp aod
hab~ndvm dauus hereof, and sach Receive~ shall have all ~he b~~d and effect~ve funcnons and powrs io anyw~se e~trvste~ by ~ Court to a Receiver, ~nd
tuch sppointmem shall be made by such Court as an ad~nitted equity and a matter of absolute right to wid MORTGAGEE, Md without ~eference to 11+~
edequacy o~ inadequaty of the vaiue of the proprrty mortgaged or to thr so~vency w insolve~y of said MOR7GAGOR w the defendants, snd that suth
rents, profits, incart~e, issues and rever.ues shall be applied by such Recriver acco:ding to the lien w equity of said MORiGAGEE end the practite of iuch
Covrt.
8. To duly, prompfly and fully Ferform, discharge, execure, effect, complete, comply with snd abide by ~ach ~nd every fhe atip~lations, ~greemenri, ;
tonditions aod covenants in smd promissory note and th~s mortqage set ior~h. #
9. That in the event the ownersh~p of the mortgaged premises, or any part thereof, becomes vested in a ptrwn othtr fhan fhe 1NORTGAGOR, th~ ~
MORTGAGEE, its successors and auigns, may, wi~hout no~~ce to the MORTGAOR, deal with such succeuw w successw in inttrest with reference fo thia
mortgage and tF.e debt hereby sec~red in the same manner as with ~.tortgagor w+thout in any way vitiating or d~xhsrging the Mortg~gon' liabilify hera
under w upon the debt hereby secured. No w!e of the premisea hereby mortgaged and nu forbearance on the part of the MORTGAGEE w ifi sucteswn
w assigns and no exrens'ron of the time for ~he paymen~ of ~he deb~ hereby ucured given by ths N10RTGAGEE or its succe:sas or auigns, shatl operat~
ro release, d~uharge, modify change or affect the or3g~nal liab~l~ty of thr 1~50RTGAGOR herein, either in whol~ ot in pa:t. ~
10. It is spec~fically agreed ~Aat time is of the essence of this contract and that no waive? of sny obligatan hereu~r w of tM obliy~tan ss-
cvred hereby shall at sny time thereatter be field to be a waiver of the terms hereof or of the instrume~f sKUred herby. ~
t~
11. In add~tion to the forego ~ monlhly payments of princ'pal and inrerest rtqwred by the prom~sory note secured hereby, mwtgagor covenanfs
and ag~ees to pay to mo~tgagee with each month~y payinent an add~nonal sum est~nuted by mortgagee.to be equal to l%12 of the annual cost of the follow- •
~
, A-All real property taxrs lev~ad or assessed agai~ss the above described real estate. •
B-Premiums on fire and windstorm insu~ar.ce as here~n requ~red to~be carried o~ the improveme~ts tituate on the above desuibed premises_ ~
C-Premiums on such mortgage guarsnty insura.~ce as mortgegee shall from Yme to time deem fif to carry on ths bad secured hereby. ?
Mortgagee shalf 'rom time to time notify mo?tgago. ~n writir+y of the amount due and payable hereundtr a~d wch surh shall therwpon be dve and ~
payable on the due da~e of the next monthly paym~nt and each successive month thereafter ur,til mutgagee shall notify mortgagor of a change in suth L~
amount. Such s~ms sHa;l be app(ied by mwtgag~e tov.ard the payment of real property taaes, insurarxe prem~ums, and mwtgage gusranty inwrance .1
premiums.
~ IY WITNESS `llHEREOF, the uid MORTGAGOR has hereunto set his hand and seal the day and yes~ f'ust aforesaid. ~t
Siyned, Sealed and d ivered in the presence of:
- fILEO b~G HEC~7RDE0 ~
ST. LUCtE ~:~UNTY FLA. q
• i. ~~C RGC~~' ~:~f~AS A1 s~. Hammond re.,q
ClC ::;!T COURT ~ • f
~.:('n: , yc.:•rEE~a ~ rt"4 >
~ S~r f o3 ~N'75 ` ~
_ ~ 5 TE OF FLORIDA - ~ Ja~
COUNTY OF St . LiICl@ ~ ~Z I lJ~f~
eetore ~„e pe.so~auy appeared Alex ~v'. Ha~na~ond, a single adult xK,Y
' ~~lK, ro me well known and known to me to b~
the individu~ls desuibed in and who executed the fwegoing instrumeni, and acknowledyed before me that they exetuted the ssme ior ths purposes ~
rherein expressed.
3
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WITNESS my hand and offic~al seal this__~~a%L[~ day Se tenber ~ p, }q 75
~ i
~ C~ / ^ ~ ~
J Notary Public in aod for the Stst f Flor' t L~ry~
r My Commiuion expires: '
Retum To: CZ ~7y •
First Federal Savingt b loan Associat:on
Of Forl P:erce.
fort Pierce, Flor~da • ' . ~
~ ~j'
V
- ~ S
This Instrument Prepared By John l~', Col lins -
First Federal Savings 8~ loan Association : . -
of Fort Pierce F lor i da ~ - ~ • ~ . _ . ~
;
; • - - .
Checked ' '~~y
~ 2~4 F~RGC ~V~ C ' . e,~~ ~
8~°'.~( " . ' '
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