HomeMy WebLinkAbout0190 3. To placa •nd continuously keep o~ the bui'din9s now or he~eafter •o~ats on s~~d lend and on all equip~neM and penonally covered by th~t mortg• ;
ege, w~th premiumi tArrcon pa~d in (ull, ti~e inw~o~un thz ~wal sterxiarJ ~•o~~cy form, in a wrn ayproved by the MORiGAGEE, and windstorm {
ns:,rence in ~F+e usual s+andard porcy iorm, in a aum approved by the MORIGAGEE, in wch company or tompanies as th~ MORTGAGEE may
d~rrcr, and all lirs and w~ndstorm ~nsu~ance po~icie~ on any of i+~d bu~~d~~gs, any inte~asl therein or pail Ihereof, in the aggrey+te ?um ~foresaid ~ ~
in excess thereof, sfwll cor.tain tlie usval slar.d~rd mortgagee do~se or suth otF~e~ t~+.~se aa Ihe Mo~tyayee may req~~~e, md~rq It~e {oaf uixle~ aa~d poli- ~
c.~, each mid every, payable to sa~d AtORiGAGEE as ~~s ~~t~r.•tit n,ay appear, and .ach .~c;d e~ery such ~.o.~cy sl~alt 1x promNNy •ss9nrd end de~:varcd to
en~ held by s~+d hIORTGAGEE a• furthrr ~ecur~ty ~o sa~d n~ur~~age debt, a~~d, not !ess 11,en ~en i101 dars in advance of Ihe expirotion of exh poGty, to dr t
I~~e~ to ~aid MORiGAGEE a raiewal thr~eof, togeiher with a rrce~pl for ~he prC+nivn~ of such renewal; a~d there shjll be no I~re o~ windslo~~n insurance ~
placed on any ol Sald building~, any inte~est lhrre~~ or part ~h~reaf, ur.irss ui fh, Ecrn~ a~~d w~th the loss payable as aforesaid; a~d in Ihe evenl any iu~n '
ot mo~ey lxcomes payab~e under such policy or policie~ sa~d MORTGAGFf shall heve ~he opnon to recriva and apply Iha same on accouM o} Ihe indebted t
ness secured h+reby or to per~~u~ fa~d IAURiGAGORS to recei~e and use it or a~~y F•art ihr~.•of lar o:i~cr purposrs, w.~hGUT thrreu~ wciv~ ~3 0? nnpoi~-
~ng eny equity. lien or rigM unda~ w by virtue o1 th~s mo:'gage; and in ~he evrnt sa.d MORTGAGORS sha11 for any reawn lail t0 keep the sa~d p~emisra so ;
•~wred, or lail ro d~!~v~r promptly any of sa~d poi,ur~ of iniura~:ce to s~ d h10R1GAGEE, or fa~t Fromptly to pay foily any prem~um therefp w in any
rrsF>~•ct iaii ro pa~form, d~scharge, execute, effeu, ca~~p,ete, co=nply wii~ and ab~Je hy this ccranant, o~ any p.~~~ hereoi, said MORTGAGEE may p~ace e~~d
pa; for such in~urnnce or any part the~euf wirhout waiving or affecaing any opt:on, urn. eqv~ty, or ri~h~ under w b~/ virtue of this Mortgage, •nd the
a~r,ount ol each and e.ery :~ch peymem sha~t be ~rn~r.rdialely due and Nayo:.~e a~~d sh3(I bear infrr~st fr~m the date thereoi until p~id at tht rate ol
~ p~•r ccn~.,m per a~in~~~ aocl ro~e~t,•,r a~~h euci, ~nre~rs+ ~h;~f ;,e se:~r.•d by the I~rn o) ~his mo~rgage.
d. To permif, tominit ot sut4er no was~e, imNair~;~znf o~ dctericration o! ia~d F~ro~.erry o~ any part thereof. `
S. To pay all end singular the cost:, cher~es and e?~>ens~s. ~n:f~d~•~g reaso~~ab!e at~omey'a fee and coets of abstrrtts of ~itle, incurr~d or paid at ;
+~~~:e by ss~d MORTGAGEE, becavse or ~n ~he evrnt of th: fo ~ure on the ~on ot ~ne sa~d MORTGAGOR to duly, promptly and fu~Iy perfam, d~scharqe.
_..cutr, eficU, canp!rre, co~»ply w~fh and a6:dr by Fe.h and rvery ~he St~~oId1~Cr.~, dgrean~~nti~ co~da~ons, and covt~~anta of sa~d promissory ~ote and thit
~~~,~.+g~~ any or e~the~, and sad cosra, cha~ges and ~x~cns~s, each a+~d eve~y, sheii be immediatrl/ d~e and payabie; whethe~ a not there be notice da
•d, acre•npt fo CoUrct or suit pend:ng; and the full a:nouM 4f each and every wch poynnr~t shall bear inteiest Irom th! date thereo4 until psid et th!
~:~ne per tantu+n F:er w~~r,,.n; .;nd ~ii ;aiu a•s~s, ~har3~•s and caN_~:s~s r.Cwred o+ Na~d, toy~thet w.~h SucA itttt~esl. ~hal! be secured by the I~en of thi~ .
mc •tgage. :
6. That (a) in thc evenr of ony 6reach of th~s .Yortgsge or dciau,t on t}M part c~ tt~e hr!ORTGAGOR, or ;b) in the event any of sa:d sums of money
F.. re~n refe~recl eo b: rwt p:c.nptiy and +ully pa:d r.~~h~n rhrt~ .30; da~s r.e.r a~re: che sa:•~e se~e~o~;y oecome dve and payable, wi~hout demand w notice,
_ in !hr evtnt each and ever~ the stip~~a'iet~s, ag:e_~T~ents, cancl.t:o ~s ar,d covenan;s o! sa d pro~nissoiy nole and th~s mortgage any o? ei~her ate no1
promptly and iui:y } erforrr.ed, d s:ha~ged, zre:uced. eifected. cu,,,F:eted, :a•~~,;.~d v:~th and ab,drd hy. then in e~fher or any such eveM the sa~d ag~ `
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~_~a!e sum menhoned in sa~d prom~siory r,cte ?iian renia~r;;ng ur.H,>~d, with intc~e>t .~;;r,;~d, and a71 moneys secured he~eby, shall become t~~r! and pay i
, forthwirh, or therea4ter, at tne cp'~o.~ of s.,~d A'.ORiGAGEE, as fu~~y a~~ coc,~• cec~y as ii ail oi ~~,e sa~d sums oi money were or~gmaity st~puiated
pa.d on s~ch dar, anqthing ]n s:,.d p:c:.-.~s:ory :ioic ar in ~h~s A•.vrtgay~~ t~ the ro•~rary nor.,[fhsTandi:,g; and thcreupon or thereahrr a~ the ophon oi ;
z d ~AORTGAGEE, wirhou~ r.o~~ce u. dema~~ci, a~,~~ et !,.N o~ in equ~ty, ~he~e4~re or t},er«~trer begun, may be prosecuted as if all nwneys secured hmeby ~
n
r_:i ~,.~fur ~d pr~or ro ns ins~~tut~on. }
!
7. Thar in tne eYer.~ that at the br~fnn'ng of or .;t any ~~nee pend:~~g a?y s~:t u;-ar. rh~s ~~•o~fgage, or to forecfose it, or to ~e~orm it, or to enfo.ce j
...ent of any c'a~ms hereunder, s~id MURiCir.'v'_E s}~a~: sHrfy ro the Co~~t h~,. ~;c~,=d'ct,en ~ner~~of for ;he appo~~tment of s Receiver, tueh Court shail ~
„th appc,int a re:e~.er of s+~d mo. tgdy d urop t~ a': a~d sr~y~ ar, irc,~d ng u.i d si.:_tular the ictome, p~oL:s, issues a~d tevenue3 (rom whztever
= ~ de•ivCd, eac}~ a'~~1 every Uf w~~.ih, ~ Le ry ts:y w.de•s!ucd, ~5 F y r..~ j y d a3 if s~:eC~fiCaily Sef (Ofth and drscnbed in the graoring and ~
r:.~ dum c'auses her.uf, aed svch Re~_i.er sF~~i h~.~ a:t t~e hruad ano rtFec~~.e f~r,r ~.~s .+nd powers in anywne entrusted by s Cuurt to a Reteiver, and ~
s_~ ~ppoin~ment sh,:~ t:e made ~y wch Ccurt as ar +d~•,i~ted cyv~ty and a n atter ,,f , r:e:;n~ r:gM to sa~d MuRiGAGEE, and witinul reiermee to the ~
-~_:cy or inedeqvacy o! the va!~e oi thr urcce•ry .-c~+u.,ged ur tc ti:e so.~~~•:, o ::.o:•.er.cy of said IdORiGAGOR or the deie~idaros, and that such
p~ofrts, inceme, ;ssues a.~, :e:en:,es sha" be appi~ed c; wch Recc~:er o~_c u_,:_> >e ~he Gen a equ~t~ of said 1.10RTGAGEE and the praUite of weh
.rt.
8. To du!~, pr^~F.t:y an~ f„!~•~ ~erfe••n, d~;J~a.ge, eRecv+e, e~fe:t, co ~ picte. co•ac,~y w~th and ab~de by each arK! every ihe stipulations, agreements,
_ .~a:ons and covena~~n ;n sa.d ~ro~~.:ssor~r ~.o•c as~d m s m:rtgaye s~t fo+ih.
9. 7h~t ir. ~F.e evenr the ov~~:rrst~~,> o't the rr.crt?aged prec,:ses, o~ any part t~cr~o~. oec~~nea vested in a person other than tha MORTGAGOR, the ?
."~7GAGEE, ~+s s~cc~:.son a^d asi:~n: r:_ v•+._ ~ c;.•;e to rF e':.ORTG:-.~~t d_•ei ..,:4~ s~ch auccrssor or :vcczssor in interes~ with refermce~ to thi~ '
r~age er.d :he d;ul h.e•ei~~ s•~w~td m tt. s~ r.~ r;,. .~r as w•'h t.._~tg_g3r x~.n:;ut .n a~,y .vay vil:ating O~ d.scha~g~ng the MortgagOtf' ii~bility hero- ~
- or ~yon the d_ut h.,r.,~, 5;~~~~~ s,~• of tt..- ~rr~, s.rs h.rc•p, n.<.ngayrd ard n~ !crE:earsnce on the part of the JdORTGAGEE or its successors f
,,~gns and ~o exee~s:on cfi the r~~~,~• f;. th.~ ,;~~~.e~•e oi r~~~ d~•b• hr~c!:y ;~c~~e:1 g,f.•n Ery the ~dORTGAGEE or its successwa or ass:gns, ,hall operate
_ _ e3se, d~scherge, mod~fy changa or arfecr ttee o-~q~noi I~ai:~i:ty of :ne /dORIGAGOR I.ercln, either in whole a in part. _
10. It is :~~ec~f~caf'~y aq:eed fhat t;~r.~ ~s a4 ih_ csser_e uf th~s contract ar.d ti~at no waiver o( any o6liyaHOn hereundei or of the oblgatan ie-
:~ed hereby shal! af any ti:~~e rn._rza!~er be h~:d to be a wni~er of the terms hercoi er oi the instru-nent secured herby_
11. In ;d:i •,c., ro f~,~ f,~r,c ,•i ;~,rc!y ~,>s .~f ,r.~: c a:~d ;~,r. reqv.r~ d hy the prom sscry no~~• secured hercby, mortgagor eovenants
;rees to ;,ay ro ~-.c-t:>>c•~e .~rh ri~ ;,,..~~r en ~dd •~o~a~ sv-n ._.s. - a~~d hy ~,;ongagee to be eqval to l,'12 of the annual cost of the fol{ow-
A-A~l re~ F.ropert~ e~~as t@:~;: O' 3SS9itCi] Jy:~^.4: ;h.- ai;o•:e desc~,•,•d •ca: esv!±_
6- ~r~~,:~~~ns on f:rc and v;.,:dsto•~„ ,n;u~ i~ c~• ~s he~: ~r. r~~yu red to bc• carn~ d c~~ th ~.mnro~•eme~fs s~tuate on the above described prernises.
C-P~emiuns on s~=ti morr3-~~~ g„ar-- .rs~r~-_c- as rr,o•ryar,ce sna:! frcr ;:~:e to •~me deem fit to earry on fhe loan sewred hereby.
4'o~t~agee s'•:,'~ f~.-n ! to t:~.e ~-:e~~~::7•~• ~n ..~~?~ng o' tne a~~ o_-,t d.;c a~d payab;e hereunder and svch sum shall therc~pon be due end
e on th~• ct,~ oa;e oi rh= r r~ ~ ar.~.~:~~T a~.! e~ch s~cc~~:s~ve ~o~~~h t' . ~ef~er u~til mortgagee sha11 naY;fy mor!gaga of a change en such ~
; ~r. S~ch s•1•ns s~3.i be ap;-:ed ~r~„rrg,J ~c ro:.a~d t+:_• pay~r,ent of rea! p.cp~r~y ta,~es, i~wra,xe prem.ums, and mo+tgage 9uaranty insurance
~ ,ms. ~
~ IW Y11T~JESS '.'~N~R:OF, sne sa:d !.':OkTG:+GOi has h=re::~to se! h~s h3nd and se3i the dry and year iirst aforesaid. ~
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eefwe me pe.sor:a;iy appeere~ _Mdrlall A. Longo _
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~ - to me well known and known to me to be
i-:divid~ai described in and who execut_d the faregoing instrument, and acknowtedged befwe me thatS21 @executed the same for the purposes
' _ e~n expressed. 7AXtDGKe~ -
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U~ t~i November 75
WiTNE55 my hartd a~d offic~al seal th+s_ day of____.__ A. D. 19 i
~ . . . . . - - ~ , - ~
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° Y^ T~,--, ~ F, Nc • ry Public in and for tbe State of Fbrida at Large }
~ _ s' C; : I ~ :3 : ~ ! ; J IAy Comm~ss~on eapires: ' ~
L~~",::i:A.~lENTAR~.~ Sit~r~~nv i ;
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~ -"riY~:~UE ;~`y{'~5' •'s-„ ' NOTARY PUE! IC. STAtE ot FLORIDA at WRGE ~ !
g v' ' I ~ r-~.~~_~ q MY COIdVI~~iON EXPIP,ES JAN. 7, 197T
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~ This Instrument Prepared By R1Chard K. KSyeS . v'•~~~
~ F;rst Federai Savings & Loan Associati~n ~
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r of Fort Pierce , Flo r ida ~ ~Q : • "
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