HomeMy WebLinkAbout0184 3. To place and cortinuousty keep on the b~~:d~~:gs aox or hereaf~er ~iluife on sa:d IarJ and on aP equipment and pe~w~elly cowered by ~his mortg~
~gs, with al) premiums u.ereon pa~d in fuIl, f~re ins~rence ~n the usua{ t~a~xlard ~w!icy iorm, in a s~m approvtd by the MORiGAGEE, and w~ndstwm
insurante in the uaual irandard po6cy form, in a aum appro~ed by ~he MORiGAGEE, in such company or compa~ies as the MORiGAGEE may
d'ued; and aU (irs and windswrm inwrance poGc~rs on any oi sa~d bu~td ~gs, sny interest thcre~n or part thercol, in the aggregats sum aforosaid or
in exteis thcreof, s?wll contein the uwal sta~~dard morrgagee tiaute or such othe~ clause aa ths Mongayee may requ.~e, ma?inp the 1o~s under sa~d polt
ci~s, each and every, payab•e 1o sa~d MOR(GAGEE as ~ta in~erest m.~y a~pear, arxl ea;h and e~cry wcA pol~c/ shall be promptly assgned and de:~vered ~o
~ny held by sa;d MORiGAGEE as (wtha~ srturity ro said mortgage drbl, and, not le~s than te~ i10) days in advance of ~he expiration uf eath poGty, lo da
liver to ~aid MORTGAGEE a renewal thereof, togethe~ with a rece~pl ior the prrmium of such renc+vat; and there shall be no ine or w:ndsw~m insurance
plKed on sny of said buildings, any interes~ therein o~ p~r1 tl~rreo(, un!ess ~n ~he io~m and with ~he loss payabte ai aforesaid; and in the evrN any sum
of money becomet payable ~nder such poticy w pol~cios sa~d M.ORiGAGEE ahall have the option to rsceive and appty Ihe same on accounl oi t~e indebted-
nesf ~etured hereby o~ to pennit said MORiGAGORS 10 receive and u3e it q any p:+r~ d~r:coi !or o:ii•~r purFOies, viithout Ih_rro~ w~ivin3 0~ rnpair•
in~ any ~quity, lien w riyht under or by virtue of this mo:tgage; and in the event ta~d MORIGAGORS shall fw any reason fail to keep the aaid premiscs ~o
insured, or fail Io dr~~~cr promptly any of sa~d poiK;es of ins~rance to aa:d MORIGAGEE, or fail promptly to pay (~1ty any p~e~n~um therefw or in any ~
rospecl fail to pa~iwm, d~scharge, exetute, effect, comp:eta, mmply wi~h a~xl ab~de by th~s cove~aN, w any pa~i htreof, said MORTGAGEE may place a~~d
pay fo~ such insurance or any p.~f thereof w~thout waiving or affetting any option, lirn, equ~t~, or ri~ht unde~ M by virlue of this Mortgage, and tht
fuil arnount of each and ev~ry such paymeM shall be immediately due and payabt~ and shatl 5ear interest irom the date thereof until paid at the rate o1
nine per crntum per annvm a~~d to~ethrr n~ih su:h ~nte~cst sh.sli !,r sr:~red Uy the i:en of th~s mortgag?.
4. To permit, tommit or suffer no wasle, impairment o? 3e~er~orotion of so~d property ot any part thereof.
S. To pay all and singu!ar the costs, charges and expe~~~ses, in~lud~ng a reasonabte at~orney's fee and costs of abstracts oi tille, incurred or paid a1
a~y ti~ne by said MORTGAG~E, because a~n the event of thr fa:fure on ~hr part of ihe sa~d MORiGAGOR to duly, prompNy and fully perfwm, d~xharge.
rxetute, effect, complrte, tomply w~th and ab~de by each and every the stipu~at~ons, agrermeMS, tond~tions, and covenants of said promissory note and this
:nortgage any or e~~her, and sa~d cosrs, charges a~d expenses, each a~d eve•y, shail be imm.ediately Jue and payable; whether o~ not there be notice d~
. mand, alte~np! to coL'ect or suit pend.ng; and rhe fuU a~~wunt of each and every such paymrn~ shall bea. interest irom the date thereof uroil paid at the
rate of n.ne per cenrum yer a~~nu:o; a:~d all said cosis, cha:ges and exra~~.ses ;ncuned or E:a~d, ~ogether w~th suth intetest, shalt be setured by the lien of fhi~
mortgage.
Q That (a) i~ the event of any breach of this Mwtgage or deiau:t on fM part o~ tke MORTGAGOR, or (b) in 1he event eny of sa;d sumt of money
herein referre+d ro be not prw~~p~ly and fully pa~d wi~hin th~rty (30) days ~ext a~ter tht s+me seve~a:ty become due and payable, without demand or notice.
or (c) in the event each and every the st~puiations, agreernents, cor.d~:~ons and covenants o4 sa:d p~omissory note and th~s mortgage any or either are nol
~uly, promptly and foity ~.formzd, d s:ha~g•-d, eKecutrd, e!(ec~ed, comptered, compi[ed w~th and ab~ded 5y, then in e+ther or any such event the sa~d ag-
gregate svm mentioned in sa~d promissory note than remaining unpaid, with interes~ accrued, and atl moneys secured hereby, shalt become due and pay-
eble forthwirh, or the?eafre~, at the op~~o=~ of s~~d MORTGAGEE, as fuNy and cO~n{~iet.:ly as ii sll of the said sums of money we~e or~ginally st:pu:a~ed
to be pa.d on such day, anything in sa.d pro:r.~sswy note or in this Mortgage to the cont;ary notavithstandiiig; and thereupon w therealter at ehe opt~on of
said MORTGAGEE, v.irhout not~ce or da~r.a~~d, sv~t ar iaw or in equity, therefore or fhereafrer beg~n, may be-prosecuted as if ell moneys secured hereby
nad marured pnw to +ts inst~tunon.
7. ihat in the event that nt the 6eginn~ng of or at any titt;z pendirg any w1t u~,wn this Mo~tgage, w to foreclose if, or to reform it, or to enfwte
payment of any c!ai~ns hereundar, said h1URTvi-GEE s~ail rE:p~y to tne Court hz.:~ g;~~~sd.ction thcreof for ~he appo~ntment of a Receive?, such Courf shafl
Forthwith a~puin~ a rece~+e~ of sa~d n,u~tgayed proprrty a~~ ar.d sbigular, ;ncS~,d:n, alt a:,d s~~~3ular the income, profrts, iswes and revenues from whatever
scurce danve~, e.,ch and every of .rirch, ~t bemy erpressfy urde~sreod, ~s Fr:ebq mo:~qa~ed as if spet:Eical:y set fw~h and dexribed in the granting and
habandum cEauses hereof, ard wch Receiver shall hrvr alt the breed and eTfecr;~e fu-ce cns and pov+ers in anywise entrusted by a Court to-a Receiver, and
s~ch appoin±ment shell be 'nade by such Cou~t as an ad:nitted egviry and a r ateer af absuwte right to said MORTGAGEE, a~d without referente to the
adequacy w inadaq~acy of the va~~e o~ the proFr.ry mortq~ged or to ri~r so..•~o:y r;~.;a:,.er.cy oi sa~d MORfGAGOR w the defendants, and that such
renfs, profits, income, iswas a:~d reven~es shalt be apalied by such Receiver rccord: c.j +o the iien or equity of wEd MORTGAGEE and the practice of such
Court. ' ~
8. To duty, prcn~i;::y a~d f~lly pertorn,, d~s_i~arga, exec~te, effect: comp':e!e, cw:~p:y w~th and abide by each artd every the st~putations, agreements, •
conditions ar.d c~venanta :n sa~d promiasory ~ote aud th:s rn;,rrgaye se~ torth.
9. Tnat in the eva^f the ev~nershtp o( the ~-~~~rtgag^d prem:ses, or an,r part thcreoF, becomes vested in a person other than the MOR7GAGOR, the
h10RTGAGFf, ~ts wccessor: and ass:gns, may, w:-hc~: r,c~~ce to ~he .:OR:GAOit, d~ai with svch s~ccessor w wccessw in interest wi~h reference to this
mor~gage and ihC drbt hcreby secu~ed ~n the sars:e mannAr as ~•i;h or!gagor w~thcut i~ any way vitiating Or dluharging the hbrtgagors' liability here~
under or u{wn thr det;t hereby sxured. ~:o sai~ of she F:en:~s>s hereby mo~fgaged ar.d no io:bearanee on the part of the MORTGAGEE w its suctessors
o~ ass;gns antl no exrens+o~i of the hm~r k;r tne =ryn,rr.t of t~:e debt h~~~•by aewred g~~en by the MORTGAGEE or its successws or assigns, ahall operate •
ro re!ease, d~icharge, modify change or affecr the w~gmaf liab,~~~y of ~Re !~'CRiGAGOR herein, either in whote or in part.
10. It is specl[]ca~fy ag.eed rhat t~:ne is of t1,e essence af th~s consrace and that r.o waiver of any obl~gation bereunder w of tIx obligation sr
cured hereby sha!1 at a~~ ti~ne thereafrer be hetd to be e walve~ of the te:ms herecf or of the instrumero secured herby.
11. In ad3.t~e~ to tl:~ ioregc R,o-.o1~`v c.oy:+~ ~ms of pri-:c'pa~ ar~d lmer~st requ~:ed by the prom ssery no~e sewred hereb~, morigagor eovenants ~
a~d agr~es to pa~ to mo:tg=~ee v:~ih rach mo:~•h!~ payr::cr.t ar. tdu:~~onai sv~n as•~:~ a±ed by mcrtg~gee to be equal to lj 1Q oi the annual t~ist of the fo!low- ` 3
i:,g: ~1 ~
A-Alf real F;roperty taxes ~c~:iea. or asses~_u ag3~•ut tne abo•:e d~scr~bed rea~ es•ate
r
i B-Pr,:m.~u~ns o~ f,re ar.d v.•~ndsto•,n ~r.su•~rce es iecn~In ~_~qu,rcd to be ta~n~-d rt the improv~me~ts situate en the abovc d=scribed premises. (
C-Pren~~~,~:s on s~~h mortg:ge guara~ty i^surar,:e as ~r.ortgagee shall frcr r-r.e ro ti~ne deem fit to cany on the loan secured hereby.
I Morrgagee s^~'+ .'rorr. +~n.r to r~:;,e ~,cr~fy mortya~c. m wr~t;ng o( ~he amo~~t d;,r and paya6le hereunder and such s~m shall thereupon be due and ~ i
cayable an rhe due dore or ~he :,._•xr ~:cnt~~ f oay:.~e:.r a~d er,ch success~.e :r.o•~:n tn~•reaf~_r ur.til mertgagee shall not~fy mortgagor of a chartge in such
~ ;mount. Such sums sF3,I be arp~~ed by mor?g~y_•e ter.ar~ tne parn•ent o! real prcperiy raxes, insurance prem:ums, and mortgage guaranty insuta~ce
u'ern~ums. . - ~
IN WITNESS tiYNEREOF, the sa~d MORTGAGOR has hereumo set hes h3rd and s:~ai the day and year first aforesaid. ~
Si9ned. Seafed and detivered in the presencc of: ~ ~ ~
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cour~rY oF S t. Luc i e i
Before me penonally appeared ImOC~ell(.' E3Yltt CZ c1I~ , c'] single d~ lt
- to me well known and known to me to be
the ind~vidua! descr;bed in and who execufed the _ fwegoing instrument, and acknowtedged before me that ~}]ececuted the same fw the purpases
there~o expressed. 7[r~Q~~YXxxxXxxxxXxxx]CXxxXXxxXXXXX30C~tXXXXXXXXXXXXXX3IXXXXXXXXXXX?IXXXXX
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WITNcSS my hand and officlal sral this_ day of_ ~ A. D. 19~C_SZ
~J. ta. y .
Notary Public in and fw Stat of Florida et large
My Commission expires• ~
Return To:
First Federal Savings S Lcan Associat,on ' ~
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Of =o:t P.e~ee. ` •
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This Instrument Prepared By RE~ ~ ~ ~ f ~ .
First Federal Savings & Loan Association ~ 03 QH 15 y
of Fort Pierce SEe 1a ~ ~ : - .
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