HomeMy WebLinkAbout1647 To PIMf •nd continuously keep o~ ~he bu~'d~~~•7s now or hrreafter s~luats on sa~d lend and c~ ali equipnent snd perso~~lly covered by thi~ mortq~
~ge, with ~II premlw:~s ~hereon pa.d ~n f~ll, }I.n ~nswa~~cr m ~he ~s~a~ star~~rd po:~q form, in a ivm appro+ed by the MOR~GAGEE, and w~nds~orm
~ns~roote in the usual ste~xlard poGcy lo~m, in a swn epprovrd by the AAORiGAGEE, in ~ucA canpany or tan~anies ~s the MORTGAGEE msy
d~rru; and all (ire and windstorm insuranc~ po~~ues a~ any of sa~d tx,~id~nys, any inrereat thereio or pan Iheroof, in tM apg~eyafe sum afa~said a
in ricess thrr~oi, •hatl con~ain ihe usual sta~.d~rd morigagae Uausr or su,h o~her cbuse as the Ntorlgagee may requ~re, mdin9 the loss u~der sa~d poli-
c~rs, each snd eve.y, payab~e ~o said 1tiORivAGEE as ~ts ~n~crest r~~ay appear, end each ar,d every such po:~cy ahatl be p~ompHy aisgned and dnl~verzd ~o
~ny held by sa~d AtORTGAGEE as further sec~nty ?o sald mongaga dtbt, and, not 'ess ~han ten (101 days in advanca of ~he sap~zsnon of each pol~cy, to da
!~~er ~o said MORTGAGEE e renewal Ihereof, together w~ri~ a recr~pt tor the prr~t~ium of such ~enewal; and there shall be ra lire o~ winds~o~m inwrant~
plnccd on a~y of sa~d bvi!d~~gs, any imc~est there~n or par~ tn~~euf, u~less in ihc fo•m ar~d w~ih the los~ payabte as afo~e?eid; and in the event any sum
et monsy becomes payable under tuch poiicy w pol;cies sud MORTGAGEE shall have ihe opt.on Io receive a~x! apply the same on accounl o( the indebted-
ness secu+ed heteby O~ to petmit said MORiGACaORS to ~ecrive ina ~se it ot any { art the:eof tor otn•~r purE.oses, vi~ttwut th_rro; waivi.ig C~ ~mp~in
~n~ any equ~ty, lien or right undar or by v+ri~e oi ihis moctgaga; a~~d in tha e~e~t sa'd t.!ORTG.:GORS shall :or any reason fail to keep the said prem~srs so
inw~ed, or fail to drl~ver promptly any of sa~d po~~cies of insurance to sa~d MORTGAGEE, w fai! promprly to pay fully any pre~~ium there(w w in a~y
respeu iait to pe~form, d~scha~ge, e:acuee, effeu, completr, co~npty wiih and ab~de by th~s ce~e~ant, or any par~ hrreol, sa~d MORTGAGEE may p+ace and
p3y fw s4ch inwrence or any part lhereof wrthout waiving or affecting any opn~n, lien, equiry, w ri~ht under or by virtue o( Ihit Matgage, and the
f~!t aniount of each and eve~y such paymem shall be immedia~ely due and payable and shall txar intere~~ from the date thereof until pa~d at the rafe ot
prr centum per ann~m ar.d tc~cu,or .vith wch mteres! sh~Il be srwred by the lien o~ this mortgage.
1. To pe~mi?, commit w sufFer no waste, in',pair~ncnt or dete~iurotion of said prcperty w any part thereof,
S. To pay all and singular the cosfs, tharges and ex~enses, inci~d~ng a reawr:aE~ie ano..xy's fee and cos1~ Of abst~atts of title, incurred o~ paid at
t~~e by sn~d h1UR1GAG~E, betause or in the nve~~t of tFr (a~iure on the parl o( ~he said MURTGAG(~R lo duly, pra~nptly and fu~~y periorm, diKharge, _
~.ec~ee, effeU, comp;ete, co~nply w~~h and ab.de Ly each and every the s+~puianons, a~~re~nents, conditions, and tovenams of said promisso~y note and thii
,,rryoge any p e~~her, and sa.d coan, charges a~~d expensea, each and every, shaii be in,mrd~ately dve and payable; whNher or nol thers be notice de~
::.an:!, attrmp~ to col~eU or suit pend~ng; and ~he }u!~ a~rwunt of rach and every auch poymrnt shall bee. iMereaf from Ihe dat0 thareof until paid at Iht
nine Her crnr~u~ p~r an~w:~; ~ne: ai1 sa;d c~.sfs, cha~ges anJ ~x~rns_s ~r~c~~~rd w pa~d, togrther w~th such interest, ihall be secu~ed by the Gen of this
mcrlgd9@. '
4. Thet (a? in the event o~ any 6reach o~ Ihis Mortgagr or defau~~ on the part of the Pl,ORTGAGOR, or (b) in the event any of sa~d sums of money
t,=re~n rete~rad to be nor pron,pt~y and tu~~y paid vnrh~r, in~•ry ~30) ds~s next a!ecr ihe sa~ne secera!iy become due and payable, wi~hout demand or nofite,
er ~,c) in the event each and every the snpu~at~~ns, agreeir~ents, tond~t~ons ar,d covenants of sa~d promissory note and th~s mortgage any or either ate not
r. F'fomptly and fuily prrtorn~ed, d.au~a~g_d. exrcuted, effected, co,r,pietrd, comp;,ed w~rh aed al•~ded 5y, then in e~ther o~ any such evenl the sa~d ag '
_•-3a'a avm ment;oned ~n said promissary nute th~•n rema~ning wipa~d, whh inte:r:~ acceued, and a~l moneys secured hereby, shall betome d~e and p~y-
~'orrh,~vi~h, or th?rea4r;;~, at the opT~cn o+ so,d h1"vRTGAGEE, as i~liy a~Kl :ompir~~•.y at il all of the said sums of money were originatly stipu~ated
pa.d on such d.:~, anything ,r, sa.d pr~.:nhsory r~ote or ~n this !V!ortgage to the cor~rrary no~withstand;:~g; and thereu~wn w~therea{ier af the option of
s, .f :',ORiGAGEE, w~~Fov! nor,ce or dtr..,,:;d, suit at ".aw c,r ~n equ~ty, th~•rei~re or thereafier oegun, may be prosecuted as if all moneys tecured he?eby
r, mdititeO ~nOf fG dS in!IituhOn.
7. iF.at in ~he event that at the be9inn~ag of or at any nme pend~ng a~y s~~:o ~~.o~ tt~is Mortgage, or to foreclosr it, ot fo reform it, or fo enforce
~>~nent of any cir.o:s he!eurcier, seid ASORTvA'vcc s~al! appiy to tne Co.:rt h~v~rg ;u:uc3:ct~on thercof for the appointment of a Receiver, such Court shall
...:i, ,r• , :::ei.,rr ci s..u ~~-_c :y o:: .r~.~~:~:, 5,.~...,. „•:;;;;:~r ~i,c i^came. Proit~s, iasues ar.d reven~es irom wnasever
dar~ve.-~.. racn ar.J every ol ~rh:ch, r be~~~g ~.p;essty ~ndrn~ood, is t~~~e!.y ,*•c•~geged rs ~f speufically set fu~h and described in the gianting and
,...~ndom clauses hcreof, and such Rece~ve: ~hati h~r,r all the b•c3d ~nd effecr:vr tu~.c!•o~~s and powers in anyw~se entrusted by a Court to a RKeiver, and
s_h appointment nh,C be made by such CoVrt as an ad.nittrd eq~~~:y and a matte: oi eF:s~iute r:ght to wid MORTGAGEE, and without referenee to the
:;-y,:;ry or inadeqwcr of the va:ue of the prop~rty n,ar~gageJ er ro the s~:.w:~~ cr ;:::o'..ncy o( said h10RTGAGOR or the defendants, and that such
~ •s prai~ts, intomr, issues and rever.ues shal: be app::ed uy w~h Recu~vrr a:co:c~•:g to the lien or equ~ty of sa~d MORTGAGEE and the prattite of such
_ ,.,rt.
8. To d~!~, p+~~,~~=r:y and f•,,i~y perform, d~scharge, eaec~t•., effecr, comp,ere. :s~,ply w~th artd abide by each and every the stipulations, agreements,
. c:• _r.s a~•d wvenanis ~n sa~d pro:~:sso~f nore ar:d th:s mcrt3aye set fo~tn.
' 9. ;n tF.e c•-.ent >h_~ an~?rsF.'F of th-- ~..o.tgao,d p~c•n~ses. or a~;, part ~i,ereof, Eccomes vested in a person other than the MORTGAGOR, the
. R'GAGi_, n su:ccss.:.•s s+-.? :~sz: ~+~s. ~~,y, w ri:~ut :~ct,ce te tV,_ t.10KT~: OR, daoi v.~m su:h successo• or suttessor in interest with reference to this
+~:;3.- o, ~ r~~~ d_ot 'r~reby sec~red in tne sa-c~e :~.a,,r~c as vn!h t.:;.~:•~ago• v„itn::ut in a~~ way vitiating w d~stharging the Mortgagors' liability here- .
r or u~~n thc d~c~ here_~; s:•~~: _d P:o s~'.~ o'• ti:e ~re~n:s,rs h_;~•b; rnortgaged ar:d no forb¢arance o~ Ihe part of the MORiGAGEE or ita successon
•c g~~s a.,d ~•¦f~ns:on cf ;he r~~e i~~ ~H~ c3y,•enr ~f t~,. debf 1s: ~cby_seo,red g~•.en by the MORTGAGEE or its successors or ass~gns, ahall operote
re~ease, d,scharge, mod~ty ~a~~e er afiec~ tfie o•~g~naf iiab::,t~ oi tna IA.pRiGAGOk herein, either in whole or in pa~t.
10. It is :peaf~catly a^yreed rhat t~ms ~s of the esse :cr of th~s contract aMl Ihat no waiver of any obl;gaGon h~reunder or of the obliyafion se-
e.-ed hc;reby shaf~ at any time Iherzafter be fte:d to be a viai.~r cf the !erms herec{ or o( the instrwnent secured herby.
I 1. In add.r:o~ so rhe forege ~g -nor,~h! ~ r.a; n~s of F~, ~;:c pa~ and ~~re.es! requ~red by the prom~ssory no!e secured hereby, mortgagor eovenants
d a,~ees to pay to morigagee wnh each menfh~y pa;rie .t ar. add •~onal svm esf: ;~a~ed by mortgagee to be equal to 1 j 12 of the anoual cost of the follow-
A-All rca! pro,erey ta~e~s :ei~ed or assesi~_:i agains+ thc a+.ove descn~cd rea~ es+~e.
B Frer,u,:•,s on {ue ano windsre-,n ~r.s~~arce.as iie-e:n rcq,:red to be ca-~,ed c~: she :mprovemeits situate on ihe above desvibed premises.
C-Pr~~~~~n~s o:~ svch mc-t~ :g~ gva•:>nr, :rs.,•.,~ c- a< mJ~!Ta:~^e s1~3iR f•c.m to ti:ne deem fit to carry on the (oan secured hereby.
hlort~a~ee s~a ; frcm ~~,ra tc i~~~e .:c~~f, rt•C~ty f j~• ~n viriL~g of the aTo.;~t due and payable hereundrr and wch s~rn shali therevpon be d~e and
on the ci~r ca!e oi the ne.~ month:y p;yn,_~:~ and e~ch successive ~r.o-~~h tnerrafter ~ntil mc~igagee shall notify mortgayor of a ehange in sueh
~.nf. Such sv^+s shjli •be appi~~d by mo+ry~y: ~!os..~-d the ~:aymenr o4 real preperty taaes, insurance prem:ums, and mwtgage guaranty insurance
. „~.•ms.
Ir3 Y~ITNESS '+'.H:RCOF, fh? sa~d MORTG:.:;~~R E:as hereu~fo se! h~s ha~,d and seai the day and year~first aforesaid_
gned, Sea~ed and dei~vered in the presence o~: ~l .
, ` ~~~G~,~EO _ $e~h
i ! F~LE~„"r f,~UNT" fLA. ~an
Si.IJ~• ~ ~RAS
` ~ r - F.u:,i a.. i. ~URT Sea
~ _ L{~ 1_t
n~f-~_---- G_E~~ 'CL'l~ ~ ( Q
E ` 3 ~ : F f,;~ ~ . ~ , (Seal)
~ - i_/ OF fLOR10A - 1"
f _~~8ct 1 3 29 PM ~8.52~
; ~•,:T,r oF Iucie _ .
~ Sefure mc personalty appeared ~1I1e BOyCe~ a sin~le dd{11t ~
~ J~
F
-i~iowiie, to me well known and known to me to be
~ =,~d~vidual desu~bed in and who execoted tbe loregoing instrutneM, and acknow:edged be(ore me that ~e executed fhe same fa the E+vrposes
~ r~,., A;n expressed. #nt~tl~eseld~~~~~~~_~~~~_~~~~~~_~~_~~-~~~_~~~-~~~~_~_~_~~~
~ ~.:aiL~~ei~a_~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~°~~~~~~~~~~~~~~~~~~~~~~~
~ - ~Pbn~'aePewte ~~d-p7vaM
; .~~.+,.r,~t.ow i~ w~~ ~e~re.+:sepere~e ~n~aparrlrar~r 1~ ~a+~YFw~ben~ sti~~cwledgecl~w ~++ci-belv~rtRrtftd?!h!'t+7tctOtettsab TASt+u~M fn~c~rani vebn~
~ .arw~a.iw~wl+ew~swreo.r,pul~ia+.Yerrs~raAx-e}~rehens:enr~rfeK.oF~ri~~w?-ber.s~ir.ii~siawi.
~ WITNESS my hand ard offic:ai seal th~s_ ~ZS~-_ _ day o;_ Oct ber a p. 1975
1
; N ry Public in and for the State of Flwida af Larye {
= Cammission expires: - ~
~ Return To: tlotary Publie, Stak 6f AOiedQ O} (p/~ '
F;rsf federal Sa.ings a lo3n Assotiat:o.^. ~Ry Corr.mi:sean f~pirz Apri1 1$, 1g7a
Gf Fv~t P:~rce. donded by Amvriwn f~r~ ~~p~plh
j fort P~e~te. F'~ur~c3~ - ,
~
. j~.irj`~-.
6 . . ~ c~: ~ . i.
• s ' {I~.'i~ • .
S ' ,
; This Instrurnent Prepared By J. Hel Robe]cts~ Jr. •?,r~1'4' ~d'.
~ First Federal Savings 8 Loan Association ,~~~y ;
; of Fort Pierce , Rlorida 33450 - `
~ - - • ~ ~ ' ~ ~
~ Checked By R 244 1 ` 1* .
BO~K PACE ~40 ~
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