HomeMy WebLinkAbout0190 3. To ptace .?nd conhnuously keep on the b~~'d~r,gs nv« w hereaHer ~~ruata on sa~d land a~~J on aR equip~n:nt and pe~wnslly covered by ~his mortg-
~g~, w~th all premi~ms thercon pa:d in futl, fue inswance ~n the us~a~ S1d~K1J~d ~:ity form, in s swn app~ov~t1 by the MOR~ti:.GEE, a~~d windstorm
~nsuranc• in the usual standard pot.cy fam, in a sum eppro+rd by the MORTGAGEE, in such tompany or tompanies as !he MORTGACEE msy
di~ech antl all iira and windstorm ins~rsnce po~iaes on any of sa~d bu~~J~~'.ys, sny inteiesl thtrein or part thar~of. in the eggrcyat6 ~um afotesa:d o?
in axtess thereof, thall co+aain Iha ~sual s~andard matg~gee uause w such oti~er clause as th~ Mo+lyagee msY ?equ~r~, makiny ths ~oss under sa~d poli-
cies, eacA and every, payable ro sa~d J1lJRTGAGEE as ;~s ~m.rest may appear, •nd each ar.d eve~y nuch pot~cy shall lx promptiy aisgnrd a~+d de4vered ~o
sny held by •a~d l410R~GAGEE as further secu~ity to sald n:ongagr d_bt, and, not less ~ha~ ten (IOl dafs i~ advjnce oi the expiraf+on of eath polity, to de-
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placed ow any of sa~d build~ngs, any inre~est therei~ or par~ fherrof, unless in tha fc:m and w~th the ~Ioas payable as a{oresaid; and in the eYem ~ny sum
of money 'momes payable uode~ such policy or polic~ei said MOkTGAGEE s6a11 heva the opi~on to retrive and ap{.ly the same on accouM of the indeblyd-
ness secvred hrreby or to permil aa~d MORiGAGORS to rrcrive and use it or a~~/ p: rt u~r:col for o:n~~r u~rF~oses, ~v:ihout th_n u; .va~+~ ~3 0~ ~~npair•
i~g any equ~ty, lien w nght under a by virtue of this mu!gage; and in ?he evm~ sa?d MORTGAGORS shall fw any reason fail to keep the said premisr~ w
insurrd, or fail to deliver pranptly any of s~id pofciea of insura~.ce to sa~d MORTGAGtE, or fail promptly to pay fully any premivm therefor or i~ any ~
rrspcti~ iaii ro periorm, d~s~na~ye, eaecure. efFea, corr~p~ete, ccmply with and ab~cie by th~s covenant, or any par~ hr~eof, sa~d MORTGAGEE may pisce and
pay fo~ s~ch inswance or any pan thereof w~thou~ waivi,ig a aifrcring any op~~on, iien, eq~ay, or r:ght under w by virtue of this Mo~tgage, and iht
f~~ll amount of each and e~e~y such paymero sh~ll be ~~n~nedla~ely due and peyabte a~~ sha? bcar inter.:st frorr~ the date ~hereof until poid at the rate ot ' {
e per cenwm pe+ ann~.m and ro~•_ti..~r w~;h wci~ in~c.:~sr shaii s~cured by the lirn of thif morigaye.
4. To permil, commit w sutfer no wastr, impain-:ent w dcrerioration cf said pmperty or any part thereof.
5. To pay aB and singutar the costs, charges and ex, enses, indud~ng a reasa~able attorney's fee and costs of abstractt of title, incurred or paid at
any t~r:e by sa~d .'.1pR1GAGEE, beca~se or m the event ot the fa.i~re on the ~art of the said MORTGAGOR to duIy, prompdy a~d fuily pe~form, d~scharge.
eaecute, effeU, comp~ete, comply with and ab:Je by each and every ~he st~pufauons, agreemems, tonditiona. and covenants of said promissory note and this
mo~tgage any w e~~he+, and sa:d cosTS, cha~gea and eapenses, each and every, sheil be immediately due and payable; whethe~ a not there be norice da
mand, aur.npt to co:lect or s~it penJ.ng; a,id the tuli amounl ot eoch and every wch peyment aFwt{ bea. interest from Ihe date thereof until paid a~ the
r_ re o; .une per centum Hcr an:iu-+r, ~nc .i; a~~.d c~ its, u~o yes a~:d ~ay:_+.s~s ~nt~ried or ~;a~d, together w~tfi wch interest, shaH b! secured by the I~en of th~s _
mo~tgage.
6. That (a~ in the event of any breach of this Matgaye or defa~lt on tM part of the h!ORTGAGOR, or {b) in the event any of sa~d svms of mo~ey ~
herein refsrred to be not pranptty and ±~~fiy pt+d witi,in tn,~ty (30).days next ailrr rhe same severa:ty become due and payable, wilhout demand or aotice, ?
or (cJ in the evqot each and every the st~p:,,anons, aq~eements. co: dn~ons and covenaros of sa.d p~omissory note and th~s mortgage any w either are nol 1
:v;y, ~.CC.T.l.1I~/ and tuiFr reriormed, d.scha~~•_d_ ece:~~ed, alfec~ed. co:n~.ieted, co<ri::.~ed •h:th and a6~ded 5y, lhen in ei!her p any such event the said ag-
gregate sum menrro:ied in said prumissory note ti:?n remaining unpa~d. w~th interr,i ac:r~ed, ond a~l moneys setured he~eby, thall become due and pay-
aaie forthwith, or thereafi~r, at the op~~c~~ rf S;:d MORiGAGfE, as fu~iy o~d co~•~N:rte(Y as i} ail of tfie said sums of rr~ney were onginslly stipu7ated
to be pa"d on such d::y, anithing m s~.d Frc.n.ssory n;.:e or in this Atortgaye to ti~e con+rary notwithstanding; and Ihereupon M theteafter at the option of
s~id MORT^v.AGEE, w:rhov' rouce or de.: erJ, s.~at a! iaw ~r in eqw~y, ~herefore w thereai+er begun, may be prosecuted as if all moneys setured hereby
r~d matured pr~or to ns instit~t~on. •
7. That in fhe eyrnt tha~ at the beginn~r.g of or at any n,ne pe+idiny any sui~ vron this Mo.tgage, or to forectose it, a to reform it, ar to enforce
F;~yment oi any c~ai~ns hcreurder, sa~d 1:4JRT;,AGc` shal{ appty to Ihe Court ha.:~•g +~r.sd.c~kon snc~cof for the appointmeM of a Receiver, such Court shall
~~rr%,t~•n aFpo~nt a r~~ce~ver of sa~J rnortgaged pro~:~:ty aii a~td s~ny~ta., i,u:ud.ng a~! a~~d s~~:3ular the income, p~of~ts, issues and reverwes from whatever
s_;;rce c!.rrive::. ra:h ar.d every of ~~;::ch. it Le~ng ~'zpr~ii}' ~ntlers~ot~. ~S F.erzby n,c:tgey_-t1 aS if SpeC~fitally fet fOfth ~nd deseribed 'in th! g~anting dnd
i:.hendv~n ra~ses h~~r;of, and such R~~ceiver shalt ha.e ai; tiee broad and etfec+:ve fu~ r..::nt and pov~rera in anyw~se enttusted by a Gour1 to a Reteiver, and
s_ch ap,:.cinr~r.:nr sh~li be m;;de by scch Ccu+~ as an ~cimitted eq~ity a, d a matter of ;~w;..te r~gM to said MORiGAGEE, and without reierence to the
ada.~v:,cY or inadequar~ of the va~ur of ~he prope~ty mo%tg~ged or ro tF.e so•:ency or ~nso~,~ency of sa~d MORtGAGOR w the defendaots, end ihat weh
.~•~~!s, prot~~s, :ncorne, ~ss~es and rever:~es shaii be opp:~ed by svch Receiver ac.ord; .g to rhe lien or equity of said MORTGAGEE and Ihe practiu of such
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8. To d,,'y, pro~~~~.t:y a~d f~;~y perform, d~scha~ge. execute, effect, comp:ere, co.:~u~~ w~th and ab~de by each and every 1Fx stipu:ations, agreementi,
_onddions and co,~enanrs ~n sa~d pro:r;.ss~r{ ^o~e wnd ei, s e.~~n~s~e see forth.
9. T!at in the e.e~t she CWnE~SF~D of Si_ n~cr?yaged prem:ses, or an,~ rart t~~rrof, becomes v.::ted in a person other than the MORTGAGOR, the ~
':ORTGAGEc, f•s s.:ccc~sso:s and asvg~•s. r,..;, :t:,,r ::or~ce :o ~he ..104TG=~OR, ~•_a~ wrh such sv:cessor or successo+ in iMecest wnh reference fo thia ~ f
.ro~rgaye ar.d ~i~e d~.~~ h~reby s_~cu,ed in tne sa-,e m;nne• as ~~tn tltorr~a~o• v.~tho~t in ary way vitiating or d~scha~ging the Mortgagors' liability F?grt
~~~~der or upon tF.r d~bt he;~uy s%wa~~ t:o sa ~ cf ti~e FrErmses h•~reUy ~nortgayed and no forbeara~ee on the part oi the /AORIGAGEE w its sutceswrs y
n- assges and ~~o ea~erz:on of the t~~~e f;r the cay~..~nT cf fhe dc-b~ h_•.rb~ sec~red g~vvn by tne MORTGAGEE or its sutcessors or auigns, ahall operate ~
ro re~ease, d;scharge, mud'efy cnan~e or atiect :he c•~g,na! l;.:u ;.ty of the ^,RIGAGOk I~ere+n, either in whole or in part. ~
10. It ;s spec+Frcally ag•eed that t:•ne is of the euer.ce of tF,is contra:t a~:d ~hat eo waiver of any obligation hereunder or of the oblgation sr
c~~*ed harcby shah at am~ time thareaiter be t~c:d to be a waiver el the terms hereof or oi Ihe instrument setured herby. ~
I1. In a:id tic~ !a t!~e ior•.gc r._ month!y pay:n~r.is o~ pri~x pa: ar:d i.^.teres~ reyv~:ed by Ihe prom~ssory nore secured hereby, morigagar tovenants l~~
~--d agrees so ~ay te r:e-}~~yee Y.~th each ~:~~~+ti ;,.a;~ .e~:r ar. add ~;onai s~~m ~.•.,,.a~ed by mortyagee to be equal to 1;'12 of the annual cost of the follow-
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A--A:! r._aI Froper:y tjx~s ;c~~~e: or asses=~_:; .;g~i•s• ~F._ ,cove ~escriF.•:d r_a~ es'a!e. ~h
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B-F~,a::•.,~s on f~.e ar.d w;~~dsTO:m :r.w-a~.e as e~rre~n .•~q~.rcd to b~ ca~r[~•d en the improveme~ts situate on the above described premises.
II C-Pre~-iun s on s_~:h mort~ ,~e g~a~s-:ty icw+a-.ce as mo•~gagee shati frcm t^e to t~me deem 1i1 to carry on the loan setured hereby_ '1
A~ o• t g ag_ e s h,,.~ f•; m r;r.: e t o r,~•, e r,_~~ f r m c~~~e ge. ~ n v
~ r~t ~ r. 1 o f t n e ~:r o ~ o t d u e a n d p a y a b l e h e re u n d e r a n d s u c h s u m s h a l l t h e r e u~ o n b e d u e a n d
..~•,ab'e o~ th~ dJe ci.,t~ of th~ ~-e~t ezor:t^,~y E~a~:rent and e.:ch scccessive ~*.o-.th tnereaf*~~ until mortgagee shal~ notify mortyagor of a change in such
'-`1LM. S:1CM n~~~s s'~aii E~? aaph~d L~~~ n,cr!ga3•.e :cr.a~d ti:e pa;n:enr cf real prope~ty ta~ces, insurance prem:ums, a~~d mortgage guaramy insurance 1
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1\ '::IiNE55 '::HERiOf. rF~ sa:d !,':~RTGA:,OR has t,~~re~~to set h~s he~~d and seal t day ar.d year tirst aforesaid.
Signed, $ea!ed ar,d de~ive-ed ~n the presence of: •
1F~j..L~l2dit il_ i~i1~iQ~~/ +l
4~i1- ~C Il.~'slID4" .:~'Jtl1~
~'Y ~1M. Seaq
~ ~F.i : • , r+,~e (Sea~
/ - '~L£Fi~. ( ' ~ ~ ~vi?~i7 ,
- ~t°^~ 'tc~-.~.T'; ~ ~ ($ea~
! - - ~ (Sesq
SAiE Of FtORIaA l ~ ~ .
~c.>uratY oF --.--St_ LuCie------ SS- F. 31'7.538
Betore me persoorUy apaea~ed ____-__-.CZ1PfOrd~i?QC~Cj1511 a~
StIC'T~?1 p. P.ecldish _ h;, wife, to me well known and known to me to be
'h^ individvais desc~+ced in and v.ho e:ecuted the foregomg instrument, a~d acknow:edged before me that they executed the same for the purposes
}!._rein expressed. And the said____- ShQTyl p. Pec~dish
<< of the said Cllf fOT(~ •C'CjC115~1 upon a separate and p?ivste
•~•o-~tir.ation by me taken sepa~ate and apa.t from ber sa~d husband, acknowledged to and beforc me that she eaecvted said instrument freely and voluo- - ~
,:y ar:d v.:rf,o~t any COT.pJ.510R, constra~nt, apprehens.on, or fear of or ir~m her said h~:band.
1vIThESS my hand a~~d off~c~3~ seal tn.s d~y o+-_ Septeinber A. D. 19 7 5 =
~f~
N ry Public in and for the State of Florida at large
My Commission expires:~ / y r' ~
Return To:
,;utn tl ~e,
First Federal Savin~s b Loan Assoti~t:on
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Of Fo~t F e~r. , . ~ •
iort Firrce. Fit•~da •
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' - i : ,J, ~ . r~ : ~
This Instrument Prepared By J. i~al Roberts~ J. ';v, '
First Federal Savings 8~ loan Association L '
of Fort Pierce , Florir'a 33 ~ 50 '
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Checked 80kK~~~ PAGE ~~l! .:i
Y
SA
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