HomeMy WebLinkAbout0591 3. To plxe and continuously keep a+ the h;,i:d~ngs now a hereafts? aituah on s~id land ar+d on ~it equipaua~ snd p~swnstly wvK~d by tfiis mor~
p~, with all premiums ~hcreo~ pa~d m full, f~re insurance in ~he uiual uar~iard potKy fam, in ~ sum ~pprowd by ~M fi.ORTGAGEE, and wir~twm .
inswanc~ in tM usual s~andard pol:cy fo~m, i~ a ~um ~pp~ovsd by ths MOR~GAGEE. 1~ such compsny w canpani~s a tM MOR?GAGEE m~y
d'ueul ind all iirs and w~nds~orm ~nsu.ance pofk~ea on any of sa~d build~n~~, any inter~~t tha.eio w part tM~wi, in ti~ ~pyr~yaa wm ~(w~said w •
tn ~acess 1lxreof, sfiaH ca+fsin ~he u~~al ~tandard mw~gagie ciause or such other clav~ u tM Mat9ay~~ m~y req~i~~, m~kirp Ih~ lou under s~:d poli-
ciNS, eath aao every, payabls to said MORIGAGEE as :ts interest may sppear, snd e~ach and evay tuch policy sMtl 6! Q~anplly aa:s~ad H+d d~tivH~d b
~nr h~td by uid MORIGAGEE ss (ur~he~ ~ecu~~ty to said ~norlpaye debt, and, not leu IMo ten p0) days in advance of IM ~xpiratan of ~ach policy, to d~-
IivN to ~aid MORTGAGEE a rsnewal ~hereof, toqe~her with a receipt tor the premwm ot sucfi renewal; ~nd Iher~ ~hsf1 bt no fire or wi~dtto~m insuraac~
plxed on ~ny of said buildings, any imereit the~e~n o~ part thereoF, unlnsa in ~he form •nd wi~h the bu payabl~ as a(a~~idl u~d in tFw ~vsnt •ny wm
of mon~y 6econ+ea payabte under such pelity a policiea said MORTGAGEE iha11 have +I+e op~wn b rcceive and apply tM ~art» en accou:it ot tM indebted- _
nsu setured hereby a a permit said MORTGAGORS to receivs and us~ It w any part thereot ia other purposes, without lkareb/ waivi.~ o~ ~mpair- '
inp any equity, tien o? righl under ot by virtue of this moriga9e; ~~d in 1M •ve~~ aaid MORTGAGORS ahall fa any reaton (ail to ketp tM said p+~n+ite~ so '
insured, w fai~ ro deliver promp~ly any of aaid policies of insurarxe to c~:d MORiGAGEE, or fait prompNy ta pay fu11y ~ny prem'wm ~her~fa w in any •
~t?pect tai! Io psr(orm, discharge, execute, effect, complete, coa+p~y wirh and ~bids by ~his covenant, u any pa~t he~eoi, sa.d MOVTGAGEE may place and
pay (o~ such insurarKe or any paei ihe~eof without wsiving w ~i~eclinp any op~ion, {itn, eqvity, or r~flhl under w by virtw of r~ts Mortpape, ~nd tM
full arnount of each ared erery such payment shall be immrd;ately due and psyable and shall besr inter~st (rom ths date thereof w,t10 paKi ~1 tht ~ats ol
nine per centum pei annum and to3rther with suth enteres! sha~i be secured by Ihe lie~ of ihii mortpape.
1, To pe~mit, commit ot sutier no waste, impaiimcM w deterioration of said p~operry•w sny pa?1 fhereof. '
5_-Tc p~y'al! and singular the costt, charges and expe~+us, i~ctudinq a reawnabFs attaney ~ fee snd toi~s of ~bsh~tl~ of titl~, i~c~rrsd a? paid M
~ny time by iaid N10RTGAGfE, because or in the event of the failurt on ~he part of the said MQRIGAGOR ro duly, promptly and ~ul1y pNfwm, d~schatg~,
executa, effact, compkte, comply with and ab:de by each and eve~y the sNpulahona, agreemen~~, conditions, snd oown+nts oi s~id p~omiasorr nof~ and this
mortyaas any w either, and sa~d costs, charpes and expenses, each and every, sh~ll be immediaroty due and payable; whethin ot not thart M no~~w da
mand, a~lempt to cotiect or suit pend~ng; end thr full a~raunt of erch artd every such payment sh_" !Yar interett from the date thsreof uati! psid a1 tM
rate o1 nine ptr ccntum per u+num; and all said costs, chargei and eape~ses inturred a paid, togethe~ wdh suth ioter~tt, shall h~ ucu~ed by th~ li~n of thq
nart~sp~.
b. That in tAe event of a~y breach of thi~ Mortgage or defaulf on the psA of the MORTGAGOR, w(b) in the ~veM any of said wms of mon~y
he~ein referred to~ be ~ot prornptly and fully paid within th~rty (303 days ncxf sfter the same severalty become dvs and pay~bG, wilhout tkmand p notite.
or (c) tn the event each end every the stipulat~ons, agreemen», conditions and covtnantt of sa~d promiswry not~ and this mortpap~ +^Y o~ eilher +r~ nof
luly. promptt~r and fvl{y pe~rformed, d~acharged, executed, effected, completed, compl7ed witF? and abided hy, the~ in eithar o? u+y ~vch ewnt the ssid a~
pregate sum mentaned in said prom~ssay note then remaining unpaid, with intersst xtrued, and all mo~ey• setured hereby, s!»tl becom~ d~t ~r+d p~y~
•bte forthwith, w thereafter, at the optio~ of sa~d MORiGAGEE, as tully and completely a~ il all of the uid sums of monsy w~rt orginally stiputated
ro be paid on such day, anything in sa:d ptomissery nete or ER this Mortgage to tlx cont~ary notwithstanding; and therwpon w thereafter at ths op~ion of
said MORTGAGEE, without nor~ce a demand, suit at la,n or in equ~ty, tF?crefore w theresher begun, may be prosetuted af if all moneys ssared hueby
i+ad matured pnor ~o ~ts i~ssitution.
7. That in rhe event rhat at ~he beginn~~g of or at sny time paxling aryr svit vpon rhi~ Mortgsgs, w ro foreclos~ N, w to refwm it, or to enfwc~
payment of any ctaims hereunder, wid MORTGAGEE shall apply ta the Court having junsdittipn thercof for the appoiMment of a Receiv~~, a~ch Court sh~ll
forthwith appoint a receiver of said mortgaged p~operry all and singular, inctudmg all and singulsr the income, profits, iuuss and revenues from whntevtr
tourc! derived, each and every of whith, if being expressly underaeood, is hereby mortgaged as if spetificslty see fortfi atd dKUibed in tfie yrantinp ~nd
habendum clauses hereoi, and such Receiver ahafl have all fhe broad and eiiecr~ve funct~ons a~d povrers in ~nywise eritr~sted by ~ Court to a Receirtr, ~nd
wch sppointment shaU be made by such Cou~t aa an ~dmit~ed equ~ty and a mat~er ai sbsotute ri9ht 1o said MORTGAGEE, and withoa,t rofertnce to fh~
adequacy or inadequacy of the vatue of ~he proper~y maigaged or to the sowency or ~nwlvency of said MORTGAGOR a the defandant~, and that such
rents, profits, income, issves snd revenues sfiaU be appiied by such Rece+ver according to Ihe lien a equity of said N10RTGAGEE and the prxtic~ of sucb
Court.
8. To duly, promptly and futly perform, discharge, execute, effect, complete, comply with and abide by Nth and every tht atipvlatio~s, ptsesn~nb,
conditions and cpvenants ~n u~d promissory note and th.s mo~tg~ge set forth_ ~
4. That i~ the event the ownership of tha ~r.ortgaged prem~ses, or any pert thereof, becomes vested in • peraon otFu~ Mur~ fhs MORiG~IGOR, th~
MORTGAGEE, its successws and assigns, may, without no}ice to the MORTGAOR, deal with such wccessor or ~uccessor in interest with reierents ~fo this
mortgage aRd the dabt hereby setured in t1x same manner as with Mortgagw withoul in any way vitistin~ d dixhargirg tl~e Mwt9agors' Ilabilifr jN~e- -
- under or upon the debt hereby secu~ed. No sate of the prem~sea hereby mortgaged snd ~o fwtxarsnte on the part of the lNQR7GAGEE u iq s~Ktas~ws
w assigns and no extension oF the time for the payme~t of the debt hereby secured give~ by the MORTGAGEE w its sucteasors or assigro, ahal~ opltdt~
to releue, dixharge, modify change or a4(ect the origina) tiab~i~ty of the /PARTGAGOR herein, either in whole w ln part. - ~
10. It a speufically ag.eed that time is of tne essrnce of thia contrac~ and that no waivtr of any obl~ation herevnder or oi tha oblipation so- 'f
cured heteby shall at any time thereafter be held to be a waiver of the terms hereof a of the instrument seCVred hetby. ~
Il. In add~tio~ ro :he forego~ng mo`~th!y payn:~nts of princ"pal and interest required by the promissory nore secured fuveby, mortga3or covenanti
arw agrees to pay to martgayee wieh each mon~hly pay~nent an add:rionat s~m es~in;ated by mwtgagee to be equal to 1 f i2 of t}.e annual cost of ihe folbw- ~ r
ing: _ J
A-Al) ~eal property taaes levied w assessed aga~~st rhe above desuibed real estate_ 1 -
B--Premiums on ive and windstorm insurance as herein requ~red to be tarried on the imoroveme~ts situate on the above described premises.
C-Premiums on such mortgage 9~aranty ~ns~rar,ce as mortgagee shatl from t~me to time dcem fit to csrry on the ba.? secured hereby. j~
Mortgaget sfiall (rom tFme to t~me noti(y mortgagor in w.iting of the amount due and payable fierevnder and sucfi wm shafl Ifierevpon be due and ~ y
Fayable on the due date of the next monthly payment and each successive month thereafter or.til mortgagee sh~ll notify mwtgagc,: a: a char?ye in such ~
amount. Such sums sFall be app:ied by mortgagee ~oward the payment of real property taxes, insuronce prem:ums, and morigage puaranfy insurance
pr~mium3~ ~ }
iN W17NE55. WHEREOF, the said MORTGA(',OR has hercunto ut h'ss hand and seal the da ~nd first sforesaid. ~
Sig , Sealed and delivered in ihe prexnce of:
f1:ED : `~"cC0~DE0 Y ~ ~ ~p ~
$7.lUC~~ :.:JH'r flA. n~ue ari
5~1r:= ~.~',FAS 4
~Ut~ ~~•URT . ~ ~ ~ ~~n s•~
~ ~Fr;n=- . • ~ ~C Or8 etlr at .e ~ .
_ a'~
STA?E Of FLORIDA ~ Sf P Z~ 3 s7 ~N'75 ~ ~
~ Sx~ .
COUNTY Of St . LuC ie 1 ~
Sac~uel Lane 7~~ J `i
Before me personatly appeared ~nd
~'S
F]~ra Pea~l Lane his wife, to me well known and knawn to ms to b~ '
the individuals desuibed in and who executed the foregoing instrument, snd acknowtedged bttae me lhat they exKUfrd ~he same tw tha purpo~es
rherein expressed. And the said_~ RlOra Pearl Lane _
,rvife of the said SaID11B1 Lane vpon a separate +nd ptiv~t~
examir~aGon by me taken sepa~ate and apart irom fie? said husband, acknowledged to and be4ae me that sFro executed s~~d inst?ument freely and vo{uo-
tarily and without any compulsion, constraiM, apprehension, w fear of or from her taid hutband.
WITNESS my hand and official seal this day of september p, {q 7~
~s
Notary PuWic in ~nd fw t ~te of Fbrid~ ~t l,ar9e
My Commission expires: ~r • ~ ~ ~'j G
Return To:
First Feder~l Savings E Loan Associat~on
Of Fort P~erce. .
' ti,.
~
Forl P~erce. Fforlda ,
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:i%i~.~- :
This Instrument Prepared ByGary F. Ellwood ` L,..~,,-- ~
First Federal Savings & loan Association ` _ - ' '
:s ~
of Fort Pierce, F lor ida 6Q~K 244 PAGE 591 ~
Checked ey ' ~S ~ ~--'~~i~~'`~,~` ~
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