HomeMy WebLinkAbout0564 3. To plece and conhnuousiy kcep on ~he bui!din9s now o? hereafta~ ai~vete on ?eid tu+d and on elt equip,xnt and penonally covcred by this mortp~
ege, with a!1 premiums thereon pa:d in full, f~re ins~rence in th~ u:~lat s~o~ulard po:icy fcam, in • sum approved by ~ha MOR(GAGEE, and w~ndstam
~nsurance in ~he uswl sundard pol:cy fo~m, in • tum approved by the MORTGAGEE, in such company w uxnpanies a tF?~ MORTGAGEE may
d~rectt and aIl fi~e and w~ndstorm insurants po:Kies on any of ~a~d bu~ld~ngs, any in~ere~? therein w part thar~of, in Ihe agqreyaq ~um afprQSaid O~
in eacess thrreo(, shall cu~ta~n ~he u~val s~andard mo~~gagee dause u such other cleuse es 1M Mor~~sgee may reqwrt, maYirp 1hs loss unde~ ia~d polt
res, each and every, payab?e to sa~d MJRTGAGEE as its imcrrs~ mdy appear, and each snd every ~uch poi~cy ~hall be promp~ly ass gncd and delivered ~o
eny held by se~d A10R[GAGEE ss (ur~her tec~rity to sa~d mo~tgage debt, and, ~ot !eu ~~wn ten (10) days i~ advence o( rhe eapiralion of each policy, 1o da
Lver to ~aid MORTGAGEE a renewaf therrof, toge~her wnh a rete~pt for the pramium of such renewal; and there ~hall bs no fi~e or wi~xtstorm insur~nc~
p~ated on any o} said building~, ~ny ~nteres~ ~herein a parl thercof, untrsa thc fo~m and with the ioss payable as a(o~esaid; and in the event any sum
of money becomes payab~e urule~ s~ch policy or poGcies aid MORTGAGEE sfiall have ~he optwn to rece~ve and apply IM same on accou~~~ of the indebted-
ness secvred hereby or ?o permil said IdORTGAGORS to retei~e and use it w any pa~? tne:_o1 to~ oti~er purposrs, w+thout ~hc~rb~ wo~.ing o~ ~mpair-
ing any equ~ry, I~en or r~ght under or by virtue of thi~ mor!gage; and in the event sa~d MORTGAGORS shall fw any reason fail to keep ~he said pre~nisc~ so
in:~red, w fail to deliver prcxnpdy eny of said pot~cies of inwr~n~= lo sa~d MORiGAGCE, o~ fail p~omptly lo pay fulty any premium therefw p in any
~eipect fail to per(orm, discharge, ezec~te, efieci, canpirre, co:npty wi~h and ab~de by th~s covenan~, w any parl htreof, said MORTGAGEE may plate a~~d
pay fw such insurance o~ any part thereof w~rhout waiving or a(fecting any option, lien, equ~~y, o? rigM u~der a by virtue of this Mwtgage, and the
f~ll amaunt of ~ach and e.ery euch paymcro shall be ~mmediate~y duc ar.d pa~~b!e ar~d shall b.:ar interest from the dale thereo# uNll pa~d at the rate of
n,;.o p,;r ceNum per annum a~id to~rther ,vith luch irtit~•~•st shai~ '.n~ sec..~~d by 1L•e i:en of this mortgage.
To permit, commit or sulfer no waste, impaumem or di~r~iorot~on oi sa:d N~operty w any part the~eof.
S. io pay all arxl singular the coata, chorges and expensrs, ~rxiud~r~g a reaaonable atto.ney's fee and costs oi ~~strads oi tiNe, inc~rred ot paid-at
a~y fi~,u by sa~d MORTGAG;E, becau~e o~ ~n +he event uf tne fa:iurr on !ne pa~t oi in@ s,;d MORTGAGOR lo duly, promptly and fulfy perform, discharge.
a.ecute, effect, complete, comply with and ab Je by each and every the stipulai,ons, agreements, condinons, and covertanrs of la~d p~o~nissory note and this
~~onaaga any or e~ther, and sa:d cosrs, charge: and expenses, each and every, sh~U. tx immediately due and payab~e; whether a ~ot there be no~ice do-
~.and, atiempt to collect or suit pend~ng; and the full anwunt of each and every such payn~ent shail bea. interes~ lrom the date thereof until paid at the
oi n~~ e~,.:r c~ntv~n par an~~,;:.~; ~nc ~~i ~a d co~~s ._har3rs o•~d cr;:rns_s ~rx~ired or pt~d, toyctl~ wdh wth ~n~f~est. thall b~ secured by the lien of thi~
muttgage.
6. That (a} in the event of any breach o( this tilo~tgage or defa~ll on ~hr part of the 1hORTGAGOR, or (b) in the event any of sa;d sums oF money
herein referrad to be ~ot pron:p~ly and futly paid v:~,iun thuty ~3~! days nex~ aner tne sa,ne sevzratly becane due and payable, without demand or notice,
or (c} in the event each and evrry the stiuu at~ons, ayieements, cor,d;t~ons and covenams of sa.d promisw.y note and th~s mortgage any p eitlxr are nol
iuly, pron,p~ly and f~Ity ~.erforrned, ds:harg•~d, e,ec~~red, effencd, ce~~p!eted, co~~.p.:rd :.~ih and e6~ded 5y, rhen in enher or any such event the said a¢
~•cgate wm mentioned ~n sa~d promisiory note then re na+nino unpa:d, w~th intrre;t atcrued, and aIi moneys setured horeby, shall betome d~e ~nd pay-
ac a torthwith, or rherea}ter, af the opt~on of za~d MORTGAGEE, as (uity a~r' com~:ieteiy as ii all of thr said sums oF money were orginally st~pulated
o he pa.J on wch d~y, onything 1n sa.d pro•n~ssc~y note or in this Mwrgag•a to th? conuary notwithstandi+eg; and ~hereupon or thereeltei at the opuon of
i-::.' t,50RTGAGEE, vv+~hout not~te or dr~~~and, su+t at law or in equ~ty, lhere•'ore or tl:creaiser beg~n, may be prosecuted u if all moneyt iecured herlby
r:d matured pnpi Io ,ts institufion.
7. That in the event that et ~he beg~~~n~~g of or at any time ~end~~~g any sv:t upcn thfs Mo.rgage, o? to foreclose it, or to refwm i1, or fo enfor~e
~:.»ment oi any c~a~~n: he.eu~:der, s~~d 11.ORi~kC,_c shail ~yply ro th~ Cc:,ri ha.,,~ :S~9.clion rha~.:o} for rhe appointment of ~ Receiver, such Court shall
~!Fm,ith api:e~~t a rece~.e. of sa~d :r.orrya~.-d ;;re,p. ~ty e;~ a•;d s;ngutar, inc~vd ::g c~,. ~•,d s~~c~~~a~ the intome, profits, issues and reve~ues from whatever
s__e denved. ea;h and every of_ wk:ch, n be„-~y t-xprrss'y ~nders~cad. is nE-r:b~ rt.Crty~3'=d a3 if specdically set fo~th and destribed in the granting aod
~~:.en~um ciavaes hereof, znd svch Rrce~.er sha:i hai~~ ait r~~e b:~ad a~d eiiecr:+~ fi~• c• c.u ane~ pov:ero in anywise e~trusted by a Co~rt to a Re[eiver, ar.d
s-ch apoointmeai aha11 be made ty scch Cour! as an adrn~rr_d eg~ity ai~d a~r~~r~r of abwwte r:gM to said MORTGAGEE, and without re(erence to the
1.:_qvacy er inadrquar~ of the v3i~e et the , roperty rnortg.,ged o: to sLr sc,~.-~+:r a. ,~.;r: .enc~ o( said MORiGAGOR or the deiendants, and ihaf such
,.rs, prof,rs, incame, ~ssues and rever.~es sha+1 be ~p, ,,ed by :uch Re ce::er ~ccoc~~„g to ihe lien or equity ol said fdORTGAGEE and the practice of such
~O:17T.
9. To do:y, pro:nptiy rr.d f~!~y perForm, d s:ha•qe, execute, eff~tt, compiete, cornNi~ w;th and ab:de by eath and every the stipulations, agreemeMS,
:,dn~~ns ar.d co+er~ants ~n sa~d pro~.^.~stor~ nete at:d ~n;s mortgaqe set forth.
9. TF.at in the ?vent the c:vnersh:p of the mor73aged pre:r~ises, or rny pars ti,ereof, EE~omes vested in s person other than the MORTGAGOR, the
:^RTGAGEE, ~rs wcce:sors and as<.~g~s, r:iay, ,,:chour ro~.ce to ~1~e •'..v~TG~O~, dea~ v:~+h such successor or svccessor in interest with refe~ence to this
xiga~c and the deut l~ereby nccured in the same n~an:.er as wi:F~ 1.',U~t7ag0~ 'w.thpvt in any way viha~ing w discharging fhe Mwtgagora' liability herr
-cf~•r or u~wn the dab~ hereby secured h~ s~!e of the Frenui_s hereby murtg.3yed at:d no 1o~bearante on the part ef the MORiGAGEE or iTS successora
;r ass~gns ar.d no ~xrens~on of the time for !hc ;:ayme•~f oi ti;e dett h~~eny secured given by the M~ORTGAGEE o~ iti luctessws w assigns, ~heH operate
~~e?e.,se, dachargr, mwiify char.~e or affect t6:~ c:~:g~r.a! i;ab:~:t~ af the M,QRIGAGOR herein, either in whole or in part.
IQ. It is s~.ec i~caei~r aq.red 1I13: fc!~E ~s cj thr. esse:~ce of t1~is contrect and that no wai~er af any obllgation hereunder w of the obliyation se-
cvred hareby shalt a! any tirne shereaiter ~~~~~d to be i IInIJCf of tha !er.:,s he•eoi or uf Ntie instrurrxnt secured herby_
i!. i., ~.icf r:e~ to rhe iorege ~-,o-•',:v q>;;~-,: r.rs ot ;,r;.c ;;a! ;nd ,;rr•es! rea~~':ed 'uy the promisscry nore xcured hereby, mortgagor covenants
• 1 agrees to pay to r~o•ta=_<:ee v.,~h erci: o c^•~ ..,n• „n odci.~!o* a~ S:JT :.5•••• o1CCI u~ r.~ortgagee to be eq~a{ to l; 12 of the annual cost of the follow-
A-A!t real pro~:~~rr~ ta¦as ~evi~d e• ass•~s~~,;~ ag.ii~:s! rne a^~ve d~sr.::,,~d rtal est~te.
Fr~~:.,,~-~s or~ f:r~, and vn=~dz~~ ,;~•;•c~ r:~q.,;.ed r~ ~r ~.r,;.d c•, *t.e :m;.rovemeots s'tvate on thc above dascribed ptem+ses.
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G-Pre•~:un s o~ s~~ch moreg ,ge gva~_~ e{ ~r5li'd• dS r.~c~r~egec shaii 4~;,•-, :•rre to time deem fit fo carry on the loan secwed hereby.
I .'No~tgagee s~~ : fro~r. r~•r.e to t,•~:e f~ n~crryag~r ~n ,r,:;t.r:g ~f tFe a~ o_~~t d,~_ and payable hereundrr and s~ch surn shall thereupon be due and
f ,h!P an rh•, ct ~H darc of rt:~ , e.~r ~,o•~rh : p;y :,.~~t :::,d eacl~ s~ccrss~ve ~ on!h sF,ereai!er urn~I mcrtgagee shall notffy mortgagar of a change in such
i „nt. S~~ch sums sFa i_~e api~+~ed by n~~r?g3ye~ to.~.ard ~he pa{~r.e~t cf rea~ property taxes, insurance prem~ums, and mortgage guarenty insurance
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` It.t '::I . SS V:NER"tOF, tne sa~d ~.!GRTG:.GOR has hercu ~ro se+ iiis hand andical the day and ye first a d.
~ Sig d ealed and del' er ' in 1 p. pre enc? of:
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Before me personally appeared Ratll ~s Izurieta - ~
~ : ]k~C~1GA~, to me well known and k~own to me to bs
~nd~.iduaOC described in ar.d who executed the forego~ng mstrument, and acknow:edged before me that he • executed the same fw the pv~poses
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WliNE55 my hand and official seal th~s- day ef~5~~~~~'-~•~~-4t/'2.~_ A. D. 19
a Notary Public in and for the State of floride ~t Larye
~ ~ ~ L~.C` My Commission expires: '
~ Return 70: s • \ -
i First Fede~al Savings b loan Associat:on \j~7 f j~y`~,~Q {8 D~. KT~N QV~;d
y Of ~ort P . rc,•. ir ! ; /
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~ s' ~ L R ..ei d~l L~vadw. JA f.. ue la~ firmaa
~ This Instrument Prepared By~T. t~iQb`t~~2~~;~~~ 'r 4 ~
~ First Federa( Savings & loan Association ~ Oy .~j~ . ~brioa c~~3:,:.t:.i eI ; i3 c..: D~c.,msnfo p.ced~f
~ of Fort Pierc~ I' Z OT' ~ Cj8 , 1 f~ ir, si~~ Lastas ants wS por e! ~r. ao~'~.A~~if~'
~ - 7 ` ! ~^!1~.~.tiond~ la3 missu qus
Checked By . _ t,n
su cctsrspoad;ent~ Cid;~la d~
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