HomeMy WebLinkAbout0587 3. To plsct ond continuousiy keep on ihe bui:d~ngs now a hereafler ~;tust~ on ieid land and on all equipmt~t and panw+ally tov~rtd by this matQ~
p~, with all premivms thereon pa~d in futl, fir~ insv~ance in the uival slandard policy (orm, in ~ fum approv~d by 1M MORTGAGEE. •nd wird~?wm
iniwat?t~ (n ~hs u~ual standa~d pul~cy (orm, in • sum approvad by ~ha MORTGAGEE, in such company or compani~s as IM MORTGAGEE m~y
direcls ~nd ~II fir~ and winds~orm insurance potiuea on any of said buiW~rps, ~~y I~ttrql tF~O~~if1 OS p~If tlftrfOf, in IM p~~egaq wm afa~said o~
In ~xceu thereof, ihsll conuin the uiual atandard ma~ga9ee clau~~_ a such othsr claus~ ~s tM Ma~p~g~e rruy rpuu~, mdinp tl» Iwf u~der ud poli~
cies, eash ~nd ~very. paYable to said MORTvAGEE at its interest may appea~, and e~cA and eve~y ~uch policy shall b~ prompfly as~:yn~d and d~livKed to
a~y held by isid MORTGAGEE as (u~ther security lo said mortgaga debt, and, not lest lhsn t~n (10) days in advantt of tM explration of each policy, to dr
tiv~r to ssid MORTGAGEE a renewal the~eof, together with a receipt for tht premium of ~~ch r~newal; •nd ther~ shal! b~ no f'u~ or wind~tam inwrant~
placed on ~ny of ssed buildings, eny inic:est thare+n w part fhe+eof, un!ass in the form and with tha Icss payabl! as afatsald; af+d in tM tw+~t sny sum
of narMy becomes payable under iuch policy o~ poGc;as said MORTGAGEE ahall have ~hs optior+ ro receive s~d apply the s~me on ~cco~nt of the indeb~ed
neu securtd ht~eby or to permit said MORTGAGORS ?o receive a~d use h w any pan thereol for o~her pu?posei, without Ihercb/ waivi~p o~ unp~ir-
inp a~y equlty, lien w right under or by virtue oi this mo:rgage; and in Ihe evenr wid MORTGAGORS sAall fa any reason f~il to keep the said pemises so
insu?cd, o~ fail ro deliver promptly any of said policies of insu~ance to said MORiGAGEE, w(ail promptly to pay fully ~ny premium the~efw a in a~y '
reipea fai~ ro pe.to.m, d~scharge, e~ecu~e, effecf, comple~e, camply with and abide by this cove~ant, a any parr hereof, taid MORTGAGEf may place and '
pay fw t~ch insurance or any part Ihercof w~thout waivjng or af(ecting any optiw~, lien, equity, or r~ght undcr p ay virtw of thif Ma~pap~, and Ihe
full amount of each snd every such payment shall be ~:n~nediately due and payabls and shall bear i~terest (rom ths date thereof unNl paid at tM rafe ol
n7ne pe~ centum per annum and to3rther with such interest thall be secured by the lien of this mat9aye. _
~o permit, commit or suffer no waste, impairment w detcrioretio~ of said property or any paA ihereof.
S. To pay a~l and singula? the costs, charges and expenses, including s reason~ble anorney i fes snd wsts of ak»trsets of tid~, incwred w p~id at
sny time by wid MORTGAG:E, betause a in tF+e event of the failure o~ the part of the said MORTGAGOR to duly, p?omptly and fully pe~fotny dischar9~
execu~e, effect, compkte, comply w~th and ab:de by each and every the stipulations, agreemenn, conditans, snd cov~nants of iaid promiuory note and ~hii
mortgepe any or either, and sa~d cosrs, charges and expenses, exh and every, shal~ be immedi~lely due and payabl~; whether p not fher~ bt notice de~
mand, attempt to co~lect or suit pend~ng; and the full a~nount of each and every such paymen~ shall bea~ interast from the date th~reof until paid ~f the
~ate of nine pe? centum per annurn; ond all said costs, charges and expemes incurred or paid, together wdh tuth inbrett, ~hall b~ a~cured by tM lien of thia
mwtyape.
6. Tha1 (s) in the evcnt of any breach of this AAwtgage or default on the pan of the MORTGAGOR, or (b) in th~ event ~~y o( said fumt of rtansy
herein refe~red to be not promptly and futly paid wirhin thirty (3p) days ~ext after the same :everatly become due and payable, without demand a notice,
w(ta in the eveM e~ch and eve~y the stiputatiocn, agreements, cond~~ions s~d covenants of ~s~d promiuory not~ ~nd this matpaps any a titlwr are ool
~~ly, promptly ~nd fully perfwmed, d~scharged, exetuted, rtfected. completed, tompSied with and abided by, tMn in ei1F~ o~ any Wth ~wnf the Nid a¢
gregite wm menlaned in said promisswy rwte then re~nainin9 ~npaid, with interest accrued, and all moneys aecured heteby, sMll bKOmt dw and pay-
able (wthwith, or the~eafter, at the opt~on of said lYtORTGAGEE, as futly and complerely as i( all of ~he said sums of money were oripinalty stiputated
to be pa~d on such day, anythiwg in sa:d prom~ssory rsote or in this Ihwtgage ro the contrsry notwi~hstanding; and thereupon or thereaher at ths opGOn of
said MORTGAGEE, without not~ce p demand, suit at law a in eqvity, therefore w therea(ter begun, may be prosecuted u if all moneys sewr~d hereby
had mawred pnor to ~b ins~itutw~. ~ ,
7. ihaf in the event that at the beginning of or at any ti~ne pending any suit upon this Mortgage, w fo ioreclpN p, a 10`Fiform it, ot to Mfwp
payment of any claims hereunder, said MORTGAGEE shall apply to the Cour1 having jurisd:ction thereof fot Ihe ~pppintm~nt Of'a ReC~lver,''sucfi CouA sh~ll
Fo?thwith appoint a receive~ of said mo.tgaged property alt and s~ngufer, i~clud,ng a~l and singuta~ the income, profits, istues ~nd revMws from whst~ver
savrce detived, each and every of wh~ch, it being expressly undersiood, is hereby mortgaged ss if sp~cificelly set fwth ir~d deitribed in tAs p~aM7np a~d
habendum clsuses hereof, and such Receiver shal~ have atl the broad and effective funchons arx! pow~n in anywise entrusted by • Co~rl fo • Receiva, and
s~ch appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, ~nd without reference to the
edeqvscy or inadeqvacy of rhe value of the property mortgaged or to the so~vency or insotvency o( said MORTGAGOR p the defendanti, and th~t ~uch
renrs, profits, income, issues and revenues shall be apptied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practite of suth
GouA.
8_ To du1y, promptly and fully perform, d~scharge, execufe, effect, complete, compty with artd abide by e~ch and every the slipuiations, agreements, " •
cond:tions and covmants in u~d prom~ssory note and th~s mortgaqe set torth.
9. That in the event the owne~ship of the mortqaged premises. or any part thereof, becomes vested i~ • perwn other than fhe A!lORTCaAGOR, ths
MORTGAGEE, its successors and suigns, may, withouf notice to Ihe MORTGAOR, deal wit!~ such suctes~or ot wccessor in interett with re~erente to thi>
mortgage and the drbf hereby setured in the same manner as with Mortgagor without in any way vitiatinp o~ dixharginp the Mwtyagai lisbiliry here- ~t`~ \
under or upon ~he drbt hereby secured. No safe of the prem~ses hereby mortgaged and no forbearsr+ce on the pa~t of the MORTGAGEE or its successon ~
or au~g~s and no extens~on of the time for ~he payment of the debt hereby secured given by fhe MORTGAGEE or iri sucussws or ~ssiynf, sMll operaq
to release, d~xharge, modify change w affect the original liab;tity of the WIORTGAGOR herein, either it~ whole or in part, (r
~I
10. It is specHicatly, agreed that t~me is of the essence of this contract and that no waiver of any obligatioo hereunder or of 1M ob~ipation se- ~
cured F~ereby shall at any time thereafter be held to be a waiver o( the terms hereof o~ of the instrumeM secured i~erby. ~
11. In add~t:on to the forego'ng mo~tnly paym:nts of princ pat and interest required by the promissory note secured hereby, morfgagor covenants
and agrees to pay to mortgagee xith each monthly payr,:ent an add~r~onat sum esnmated by mortgagee to be equal to 1%12 of the annual cost of the follow-
ing:
A-Alt real property tax~s lev~ed or assessed aga~nst the above desaibed real estate_ [!t
B--Prem~ums on fire and wi~dstorm insurance as here~n requ;red to be carried o~ the imp~ovements situate on the above dewibed premisea.
C-Premiums on svch mortgage guaranty insurar.ce as mortgagee shall from t~me to time deem fit to tarry on the loan setured hereby.
/Nortgagee shail from time to time notify mortgagor in w~iting of the amount d~e artd payable hereunde? snd suth wm shall fl+ereupon be due and
payable on the due da!e of ~he next monthly payment and eech successive month thereafter urtii mortqagee shall notify mortgagor of a change in tuch ~
amount. Such sums shall be applied by mortgagee to+vard the payment of real property tazes, insurance prem:ums, and morfgsye guaranty insunnce f.~
premiums.
~
I ITNESS WHEREOf, t~e sa' MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid.
•
ned, I e~ in the esence of:
g ~ F~:.~i: _ + ::3~~0 ''~L'S - f/ _~lc,Q ` ~~n
` ~l ~L;,:: . ~~k
+ Y T~- Car ol ?olb er t a s in le ad
~y 4,, 7c~u~T q
_ . fr'' r' ,r~' ~a~ ~ j
~ STATE OF FLORIDA ~ ~ t C~ ~j~ ~~Cj \
! ^7 7 ~ t .r
j couNrY oF St . Luc ie ~ ~
~ 3~ i''~~l~ ~3
j ~fwe rt+e pe~sonally appeared Carol Tolbert, a single adult ~
I
i lirwikr ta me well known and krwwn to me to b~•
; the ind"nidual described in and who executed the fwegoing ~..strument, and acknowledged be{ore me tMt She exewted the sams fw ths pirrposes
~ therein expressed. /1rwl~l~e-~wr
{ ~
wife~ef~i~r~id~ ~Pow ~ ~~'PwM~~wi~ivW~
e~aiw~wa~i~.by~w~t~ke~? ~wa~e~ wa ~~rar~~(~ow~.F~er~ wwi~w~bw~rwlw~w~iedgedr~ ~nd~ei~w+we~la? sFw swcw~iwii iwMrnw~w? k~sf~rrwi. vokiw~
~ asrl~a a~wiikoir ~ryr~~puisirA ~anrt~ioy ~pP+e~~~.• •~f• w~ow~•erii ~ra~swi~
i
i WITNESS my hand and official seal th~s___~. day of_ Sept~Abe= , A, D. 19 75
~
Nwary Public i~ and for f afe of Fbrida ~f lar~
My Commission expirq: ' O~ .~O• ' `
~ Return To: '
first Federal Savings E Loan A~sociat:en
O( Fort P-erce.
FO?1 Pierte, floricla "~f:l
f
. .r li ~ .~r~,
~ .
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This Instrument Prepared By Donald E. Hughes . _
First Federal Savings 8 Loan Association . -
; of Fort Pierce , F lor ida 33450 p A-/ ' ;
0 6 / Phf•f ~V~ ti ~7 y y, ~,V ~
BOOK ~ .
Checked By ~ .
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