HomeMy WebLinkAbout2291 3. To plac~ ~r+d contin~ously keep on ?M bu~'d~~y? r+ow w Mr~aft~r NfV~f~ Of1 l~li~ I~(Id ~nd on ali equipm~n~ ~nd p~rsonally cov~r~d by this ma1~
p~, with dl pr~mivms Iheteon pa~d i~ f~ll, f~n ~nsur~nc~ tn the uiual ~tandard policy fwny in • tum approv~d by tM MORiGAGEE. ~nd windstonn
inwranct in 1M u~wl ~t~ndard pol~cy fwm, in a wm approvad by th~ MORTGAGEE, wch comp~ny w companiN u 1M MORiGAGEE may ~
di~Ktp ~nd ~U ('u~ and wi~di~orm inwrance policia on any of s~id bvildinps, sny iMtr~it th~r~in w put ther~of. in tM pprpu~ wm afor~said ar '
In uccess theraof, ~hall con?~in tM uiwl ~undud mor~ysyN clauu a such oiMu claus~ u ~M Matya~ may rpvu~. ,makinp tM lou ur~ ~a~d po14 .
ci~s, ~ach ud eve~y, p~yabl~ ro i~id MORTGAGEE as ~ts ~n~~rest rrwy ~ppear, u+d ~ach and ~very such poliq shall b~ p?omptly us:yned ~nd d~liv~r~d ~o D,r,
~ny held by uid MORTGAGEE as tu~~ha setu~iry to said matyay~ debt, ~nd, not I~~ than t~n (10) days in advanc~ of 1M expir~tion of eacA polky, lo da '
iiw? lo s~id MORiGAGEE a renawai theraof, toy~inN wiih • recs~pi fw Ihe pnmivrn oi suci~ r~nswaij ~no tikr~ u?~ii b~ no i~r~ ar wir~itpA? in3~tieKi i
plapd on any of said buildinys, any inrer~sl tF~ein or put thereof. unleu in tM tam snd with tM los~ p~yabt~ as ata~iaidr and in tM ~wM ~ny ~un~
of mon~y becom~s payable w+d~~ such polity p policies said MORTGAGEE sFull Mw th~ option ro nc~iv~ ~nd ~pply th~ ume a+ ~aow+1 oi th~ ind~bqd-
oess setured hKtby or b pamit said A1IURTGAGORS Io reuiv~ and vs~ it o~ any put thereof ior othe~ pu~poses, wi?hout ~hxeb~ waivinp a~mpair-
inp ~ny puity, litn p righl ~ndar or by virtw of thls rrartyape; and in tM evM~ ~a~d MORTGAGORS sMll fw s~y ~~a~on (ail to ke~p tl+~ said pr~mises w
It?wred. o~ fail b delive? promplly ~~y of uW policiN of insur~nt~ lo s~id N10RTQAGEE. a fail promptly to pay f~lly aay pr~mium ti+erefa p In ~ny :
r~ap~ct fail b pafwm, dncM~g~, e:ecute. eif~ct, compkte. comply with and ~bid~ b~r thb c~ovMant. a~ny pa~t I~wf. s~id MORTGAGEE m+y plso~ and
paY fw such in~urane~ a sny part ti+ereoi witiwut w~ivirq o~ aiiactinp ~ny option. ii~n, eqv~iy, a~ipni u+~d~r w by virtw of riN~ lAaiQiqs. and tht
4u11 smount of sach u~d ~v~ry such paymsnt ihall be ~mmediately dve ~nd payabh and iMll b~a. intetes~ from tln dat~ ~hereof until paid N th~ rat~ ol
nins per te~tvm per ~nnum u+d toget!?er with tuth iMerest tha~l bs secured by tM lien oi this mortp~pe.
4. Yo pKmir, commit a iuffa no w~sro, impairment or deterioration of said propsrty or u~y pa~t thereof. -
S. To pay ~11 snd ~Irgulu 1M cosn, charpe~ and expenaes, includinp s rsasonabl~ ~ttorney i fN and tosq of abitracts of titl~, ie+cun~d w paid :
any time by iaid MOitTGAGEE, bstsuse a in the event of the isilw~ on the pa?t of tM uid NWRiGAGOR to duly, promptly ~nd fuly p~.fwm, d~xFuryR €
execvre, effect, compk~~, comply wi~h and ab~de by each ~nd every tF~e itip~l~tions, apreeme~q, cond~~iorn, ~nd aov.n.nn of sa~d prom~uory nw~ •nd ~h4
matyp~ ~ny or eithar, and sa~d cosn, charyes ~nd ~zpensss, e~ch ~nd evay, tMll bt Nr~medialaly du~ snd p~yable: whethe? w not ther~ b~ notip da
mand, anempt to colkct a wit pend~ngj and the (ull amount of sach a~d every wch p~YmeM thall t»a? interes~ from the date tM~aof until p~id ~1 the
rare of nioe per centum per am~um; and all said cosb, cMrget and eapenses incurred p paid, toyethtr with tuth iNa~it, sMl) be Ncvred by tM IiM of tiw
mo?tpape.
6. That (a) in the ewnf of eny breach ot fha Morfgay~ or defavlt on the paA of Ihe MORTGAGOR, w(b) in the ~vent ~ny of s~~d wms of nwn~y
herein refernd to b~ rat pramptly and fully paid within thirry (3p) days neat afte~ the samt sevaally become due u~d p~yabl~. without dsmand or notit~.
or (cJ in the event exh and eve.y the stipulations. aprecmenti, cond~!ions and covenanti of sa+d promissory not~ and this mortpap~ a~y a si~her an nol
iuly, promptly and fu{ly perfwmed, d~xhar9ed, execu~ed, etfected, completed, compli~d with ~~+d abided by, thtn in either or ~ny such ~v~nt tM said ~g
gregate wm mentaned in iaid promiuwy note tlun remaininy unpaid, with i~terest xcrued, and a!1 mor+eys secwed hereby, sMll bsoome dut and pay-
able forthwith, a thereafter, at the opt~on of said MORTGAGEE, as fully and complctely a~ if •II of the uid wms of mo~ey wer~ pginslly atipulated
to be paid a? such day. anything in sa;d promisso~y ~o~e or in this Mort~age to the com?ary notwiths~a~ding: and therwpon or thereafter st tM option of
seid MORTGAGEE, without norice o? demsnd, wit at law w in equity, tlxrefore o~ thereafter begun, may bs pro~etuted as if all motfsys Ncur~d hereby
had rtNtwtd pnOr fo its iMtitutiot?.
7. That in ths event that st the beginning of w af any time pendin~ ~ny suit upon this Matyage, o~ to for~clos~ N, ot fo refwm it, w fo enforc~
payment of any claims he.eunder, sa~d MORiGAGEE shall apply to the Couh Mving jw~sd~a~on ~hereof fa tl+~ ~ppoi~tment of a ReuivM, wch Caxt sh~ll
forfhwith ~ppoint s receiver of said mortgaged property ~II and iinguta~, includ~ng atl and s~n~ulu ~he incom~, profib, issws a~d rw~nws from whatevn
wurce de~ived, exh and avery of whKh, it be~ng expreasly understood, is hereby matgaged u if specifiully set fwth and desuibed in tM prantiny ~nd
habendwn clauses hereof, arsd such Receiver shall have ~II ~he broad and efienive fvrxf~ons and poweri in anyw'~se entrusted by ~ Court fo • Receive~, ~++d
such appointment shall be made by such Cowt as an admitted equity ~nd a matter of absolute rght to said MORTGAGEE, ~nd without ~eference to the
adequ~cy w ioadequacy of ths value oi the property mwtyaped or to the wlvency a inwlvency of uid MORTGAGCR or the defer?danq, ~nd tfiat iuch
renes, profiri, incomc, iuves and revenues shall be applied by such Receiver xcwd~rg to the lien w equity of said 1NORTGAGEE and the practip of wch
Court.
8. To duly, prompHy ~nd fvlly pNform, discharge, execute, effect, mmplete, comply with snd abide by sach and every the stipulations, ~greement~,
condiYaro and covenanrs in said promissory note and this mortqsge set fath.
9. That in tF~e event the awnership of the mortgaged premises, w any part thereof, becomes vested in ~ pe?son othe~ than the MORTGAGOR, the
MORTGAGEE, its svccessors and assigns, may, without ~otice to the MORTGAOR, deal with such tucceuw w successor in interest with reter~nce to this
mwtgags a~d the debt hereby secured in tht sams manner aa with tAwtg~o~ without in any way vitiatirg q discharging ths Mwl9agors' liabitity Mre~
under w upon the debt hereby secured. No sste of the prcmises he~eby mortgaged and no forbeerance on the part of the MORTGAGEE or iri suttesson
or aasigns and no extension of the time for the payment di the debt hereby sec~red yiven by the MORTGAGEE or ib succesaors o~ euiyns, sfiall operat~
ro release, d;scharge, modify chsnge a affect the ariginat :iabit~ty of the MORTGAGOR haein, eitF~ in wtaie or in part.
10. It is tpec~ficatly agreed that time ta of the essence of this contract ~nd that no waivK of any oblgation herev~der or of the oblipuio~ se=
cured hereby shall at any time thereafter be held to be a waiver of the ferms hereof w of fhe instrument setured herby. 3
f
11. In addiio~ to the fwego:ng momhly payments of princ pal and interes~ required by the promissory nole setwed hereby, mwfgsgor tovenanfs
a~d agrees to pay to matgagee wiih each monthly payment an addirional sum estimated by mwtgagee to be equal to 1/12 of the annual cost of tht follow- i
1~• ~
A-All real prope?ty taxes levied or assessed against the above described resl estata
B-Premiums on fire and wi~dstorm insurance as herein requ~red to ba nrried on the improvemenfs situate on tMe above dtsaibed premises.
C-Premiums on such mortgage guaranty insurar~ce as mortgagee ahall from time to time deem fit to carry on the ban setured hereby.
' Nbrtgagee shall from t~me to time notif~ mortgago~ in wr~tirg of the amoum due and paysbk _I?ereurxl~r and avch wm shall theravpon bs dw ~nd
~ payable on the due date of rhe next monthly payment and each successive month therrafter until mutga9ee shall notify mortgaqo~ of a change in such
E amount_ Such swns sFall be applied by mortgage~swvard the payment of real p?operty taxes, ir?svrance prem:ums, and mortype guaranty insurance
; premiums. -
~ IN 'ITNESS WHEREOF, the said RTGAGOR has hereunto set his fwnd and seal the day a~d year first aesaid.
~ Seat and de er t of: t
p ~~~Q~,~~~~ ' FIIEI'. a!r: ~ECOR~ED ~
eT. ~ it~~~ ~OUMtIf fLA-~ p
[ • ~ ' Fp;:; ~ r,~c?aeS chard H. BYOrom
CIE~i• C •J1T COURT~
~ RECOFt .Et i E: ~ ~v A (5ea4
Teresa H. Bratim ,~.,n
STA1E OF FLORIDA OC1 'O 3v s~.~
St . Lucie ~ '~7~~~
couNnr oF
sera~ ~ personslly sppeated Riehard H. Brown ,,,d
Teresa H. BZONi1 his wife, to me wel( known and known to me to b~ ~
t~e individusts desuibed in and who executed the foreQoiny instrum~nt, rxl acknow{edfled beforo ms that they e:ecuted ths same for the qnpo~es :
rherein expressed. Md the ss~d Teresa H. B1dW~'1
~ife or ~t,e ~~d ~ Richard H. Broxn
examinatan by me taken separate and a rt from her said husband, ~cknowl ~Po^ a separap ~nd priv~t~
Pe edged ro and befwe mt thaf she executed said instrument freely and votvrr :
rarily and without any compulsion, constraint, apprehcnsion, or feu of or irom her said husband. ~
WITNESS my hand and official seal tAi~ ~ dsy of October , A D. 19~~
~
~ .
~
' Not~ry Public in u+d fw t ate of Florida ~t luys
~ Return To: My ~Of117up^ expires: / S • r • ' ~ .
~ First Frder~l S~vings 3 Loan Association
Of Fort P~erce.
~ Fort Pierce, Florida ~
.•':~-,~~~l~ .
~ • , J r ~
V i • ~ :.~Y.Kh ~`s`.
J.:.•;~..~ yt s
This Instrument Prepared By~nald B. Hughes ~ ' : J" ~ ~ . • 'r
First Federa) Savings b Loan Association ~
? .-~_;~i ;
~ of Fort Pierce ~ Florida 33450 ' ~ ~ • ~ ~ "
~ Checked By C.~- K~2~ ~
~ v.
~ ~ : -
a2 4
~ . ~
x. . . . , - - - ~ - ~ - - ~ ~ _ _ n _ . u_...- ~