HomeMy WebLinkAbout0495 J. To pl~~ a~d con~lnuou~ly ke~p on th~ buildi~ now w ha~aftN WtuaN on ~a~d land ~nd on ~II pvipm~M ~nd pa~onaliy cova~d by N+ts mo~tg
p~, wiih ~1) p?~miums ~Mreon pa~d in (ull, fir~ iruvr~na in ~M v~w~ ~urdud pot~cy forny N a swn approvd by th~ MORiGAGEE, a~d wind~lorm
imw~ce fn th~ viwl u~rd pot~cy (am, in • sum ~pprov~d by ~F» MORIGAGEE, in wch oompsnY w oanP+niM a N» 1NORTGAGEE may
dlncq ~nd all fin u~d wird~~am i~wranq pdici~a on aoy oF taid buildinp~„ ~ny i~Nr~ thtr~in or pul tMnof, In Ih~ ~ppr~~~ wm ~lor~id Or
b~xpss tMrwt, ~hall comain th~ uwal u~nda~d mortppK clwss a wch o~hv claw~ a ~h~ Malypw m~y rpuw~. nwkMp ~M bu w~der ~ud poli~
ci~s. ~ach and evay. paYablt lo aid MORTGAGEE as it~ in~Kqt may ~pp~ar. ~nd ~ach and wKy wd~ poliq sh~l1 b~ promp~ly qf:9ord ~d d~livK~d b
~ny held by sak! MORiGAGEE tur~her security to said ma~p+y~ deb1, ~nd, na 1~u ~Mn ~M (10) d~y~ tn adv~+n ot tM ~~cptr~tion ol ~+ch policy. fo d?
Ilwr ro~~id MORTGAGEE a r~newal tMr~of, to~etliN with • r~ipt iw tM prKniwn of suth r~wal~ ~nd tMr~ tMll b~ no fir~ w windst«m Guwux~
pl~ced on ~ey of s.'ti b~ildinp~, aMr inter~p ~hN~i~ w p~~ ~hK~of, vnl~~s ie tM fam ~~d with tM loss p+y~bM a~fata~Wt +~d M~ tM ~wnt ~ny wn?
of maMy beca+us p~yabl~ unda iuch polky a policas ~a:~ MORTGAGEE shall Mw ~M oprion ro r.c.iw aod ,pPlr ~M wm. on •ccow+~ of ~M ind.bad-
n~sa ~scw~d hersby w ro pe~mit s~id MORTGAGORS to naeiw aod uw It a~ny part ther~o! lo~ orher purpwes, wi~hout ~hereb,r wai~i~+p w Knpak-
inp any puity, li~n or ri9h~ under or by virtw of tF~s morsyays; ~nd in th~ ~vN?t qid MORTGAGORS shall fp ar~y ~tawn f~il to ke~p tM s~id pnmises w.~
iniwed, o? iatl b~deliver promptly ~ny oi uid policies of inswanc~ to uid MORTGAGEE. or f~fl promptly 1o pay i~lFy ~ny pr~mium therefor a in anr
n~ct fail eo periam, diuharye, ex~cute. eff~ct, compl~f~. comph witA ~nd ~b{de by this oowoant. a ~ny p~N Iwreof, s~id MORTGAGEE m~y pl~os ~+~d
paY for ~uch 1n~urancs a any pan th~reof wi~hout walvinp w ~ffectinp any opuaw, Ikn, puih. or ~i~ht vndN w by virtw of thts 1No.tpap~. ~nd d+~
full ~nwunt oF each u~d ~wry such payment shi~l b~ inwnedAtely dw ~nd payable ~nd sh+ll b~a? inta~it from 1M dat~ thereof uNil paid N tM wN o1
niM pN CMtum p!r ~nn~m and IogelhM witA stxh~inte~es~ sh+ll be secu~ed by IFN lien of Ihis mwty~pt.
1. To pKmU, commit « su((ar no waste, impairment or de~Kioration of said propaty or any put the~eof.
5. To pay ~I~ u~d ~inpula. ~I» cw», cl~upe~ snd ~xpsns~s, includirg ~ ~~+sor+~bls attwnsy's fM and oostt of ~bct?+cfs ot titb, incwr~d or p~id ~t
~ny lims by said MORTGA6£E. b~c+ua~ or i~ tM event of IM fail~ro oe~ tiN part of th~ said MORTGAGOR ro duly, promptlr ~nd fully pM}o~m, d~scM+~R
•xecute, ~ffeN, comple~e, campty w~th and ab'~de by exh and ~very the stipulation~, aqre.ms~n, cor,di~sons, .nd oownann of s.d p.antssory not. and ~hn
mortpap~ any w eithe~. ~nd ~s7d costs, chu~ and sxpa+ses, sach ~nd wary. shall M imm~di~tely dw uid p~yabl~s whether a ewt tlw~~ b~ rotic~ d?
ma~xl. ~»empt to collecl w wit p~~d~nqy. ar~. the F~~I amo~nt pf e~ch and ~very wch paym~nt ah~ll bsar l~ter~sf frpn tM dat~ tMreof until p~fd ~t tlw
ra~e of nins pe? ce~tum per ~nnum; and ~II ssid coses, char~es and expa~ses ir~wrred w paid, top~ther with wch int~rqt, shaU b~ s~wnd bp th~ li~n of thu
mortpap~.
6. That In th~ evero of any bre~ch of this Morrysy~ or defaull on the part of th~ MORTGAGOR, a(b) io th~ ~wnt any of a~d ~wm of mon~r
hsreln refe~red to bt not prompHy and fvlly paid within thirry (30f days next aftcr the sarrw sev~rally become dw ~nd payabb, wlthovl dxnand o~ notke.
or (t~ in th~ evrm cach ~nd way the ~tipulations. ~ssments, conditions ~nd coven~nn of iaid promissorr not~ and thi~ mwt0ap~ any p eithK u~ nol
iuh, promptly aod fulty pe.fasmed, d~scMrqed. ax~cu~ed, effscted, completad. complied with and abided ~iy, th~n in ~ither or an~ such went tt~e s~id ~
preyate sum mantaned i~ said promisaory note then ~~maininp u~paid. with inter~st accrued. and all moneys setured F~sreby. shall becon» dw and pay~
abl~ (wthwith, w fhe~eafter, at the opfan of said MORTGAGEE, u fully ~nd compl~tety as if ~I) of the aaid wms of morwy wtrt apin~lly ttipul~ted
~o b~ pa~d on such day, anythiny in u~d prom~ssory note or in this Mortyage to the contrary notw~~hstanding; and thereupa~ w ther~afta +t tM option of
~aid MORTGAGEE, without raric~ a demand, suit ~t Iew w i~ squity, therelon a there~fter beyvn, may bs prwec~ted u if ~11 ~nonsps s~wt~d haeby
had mafwtd prlp to in iMlitution.
7. That ln ths event rhat a~ th~ beginnirg of or at any time perKliny a~y wi1 upon this Mortpape, or ro fw~tlos~ it, or to nform H, or fo enfo?p
payment of any claims he~eunde?, ssid MORTGAGfE shall apply to ~he Court havinq jw~sd~aion therwf fa tM ~ppoin~m~nt of a R~c~iwr, wch Cowt ah~ll
fwthwith appoiM a receiver of said mortgayed property all and sirgvlar, intlud~ny all and singula~ the incortu, profits, 1swN and rsvMUet from what~ve~
sourc~ derived, each a~d every of whKh, it being expressly understood, is hercby mortgaged a~ if sp~tifically set forth u~d d~suibed in the prantkq and
habendum clsuses hereof, and such Receiver shall have all the broad snd effective funchons and powen in anywiu aMrvat~d by a Co~rt to a Receiw~, and
sucA appointmem shall be mada by wch C~urt as an admined equiry and a m+tte~ of absolute right to said Mt3RTGAGEE, u~d withouf refKe~ce to fh~
adequacy a inadequ~cy of the wtue of the properry mortgaged or to the wnrency or ~~nsolvency of said AM1ORTC,AGOR w tM defendanta, ~nd ~hat such
?ents, proiin, income, issues and revenves shall b~ spplied by such Receiver ~ccord~ng to the lien or aquity of said MORTGAGEE and the p~apic~ of such
Court. -
8. To dufy, promptly and fully p~rfwm, discharye, execute, etfcct, mmplere, compty with and abide by each aod ev~?y tFr stipubt~o~a, apreements,
conditans and covcnants in said promisswy note and this mortqage set fonh. _ _
9. That in the eveM tha ow~nhip of tF+a mortyayed premises. or any put thereOf, becomes vested in ~ penon other iha~ ths MORTGAGOR, tl+~
MORTGAGEE, its succeuors and assigns, may, without notice to the MORtGAQR, deal with such s~?ccessor qr,successor in inter~t with reference to this
mort9aye and the debt hereby seturcd in the same rrNnMr as witF? Mortgago+ without in" any way vitHtiny w discharyirg the Mwt9a9ws' liability Irr?
under a vpon ~he deb+ huebr :ecvr~d. No •ale of th. prem~ses hereby mo.rgag.d ~rrd no, forbara~u on th~ ~p+n of the MORTGAGEE w its wccesson
or aug~n ~nd no extension of tl~e'time !w the payment of the ¢~bt hereby secured yiven by t1w MORTGAGEE or iri sucteasws or assig% shall op~rab
to rekaae, diuharge, modiFy th~nge w affect the wiginal liablity of the MpRTGAGOR f?erein; tithe~ in whole or in part. '
10. It is specificaNy agreed that Hme is of the esseAE! Of this contrkl and fhat no waiver of' ~ny ob~g~tion hereunder or of tM oblip~Yan se~
cvred hereby ahall at ~ny time thert~fttr. be held ro be a waiver.of Nr terms hcrcof w. of tM iratr~ment :ecvrcd herby. .
11. tn add:tion to the fwec3o:ng monthly payments of princ'pai snd interest required by the promiuory note secured hereby, morlgsgor oovenanb
and agrees to pay to mo:tgagee with each mo~thly payrnenf an add~rional sum estimaled by mortgagee to be eq4~l to 1/12 of the anrwal cost of the fdlow-
ing:
I[-All real property taxes levied or assessed against the above described real estata , ,
- ' B-P?Cmiums o~ (ire and wi~dslorm insurance as hereio required to bE carried on the ir»provements situaie on tKe above deuribed premises.
C-P~emiums on wch mw~gsge guaianty. insurance as mortgsgee ihsll trem t~me ro eime deem fir ro carry on iF~e losn secvred hereby.
i 14{ortgagee shall from t~me to time notily mortgagor in writing of the amount due and pay~ble hereunder and such wm shall thereupo~ be due snd
~ payable on the due date of the oezt monthly payment and eath wttessive month theresfter until mortgsgee shall notify mortg~yor of s ch~npe in such
amouN_ Such sums shall be applied by mortgagee toward the payment of real property taxes, insurarxe prem.ums, and mortysye guuanfy insurance
~ premiums. .
IN WITNESS WHEREOf, the said N10RTGAGOR has hcreunto set his h~ ODnd seal the day snd ye~r fint aforas~id.
Signed, Seakd and delivered in the presence of: f11.E~ AK4 RECO
St~ RC6EPC~8 TRAS~A. 5 ~
C.~~ ~ ~
CLERK G~ i11T CQURt !e S tg ~
qFf;nR:, ~:Ek -~EO
D
Dela inejFlir st
Jrw 1 z~ PM'76 - .
STATE OF fIORIDA
courm oF Lucie ~ a3~~3; . .
Befwe me personally appeared Jeffrev S. I~11Z3t ~
Delaine r ~rgt h;s w;fe, to me well known and known to ms to b~
the individwls desuibed in snd who execvted the foreyoirg instrurt~ent, r~d acknowledged befae me that they e:ecuted the ~ame for tM p~rpos~s #
rhereia exp.essed. And the said nalain _ ~1ir~t
t
:
wife of tha said J LeV S. ~ll8t upp~ a sepasts ~nd priv~t~ ~
examinatio~ by me tsken separate and apart from her said husba~d, eckrwwlsdged to •nd before me tMt sfie exctuted s~id imtrurr~t frNly and volwr
rarily and w;thout ~ny compulsion, constraiM, spprehens;on~r feu of or from her said husb~nd.
WITNESS my hsnd and official sed this ' ~y Januarv A. D. 19 76
. - ~ `
4.; i
~ Notuy Public i~ and for tfis e of Fbrid~ at Lar~e
My Commiuion exp'ves: /p -~i O 7`
~ Refurn To: • ~
First Fede~el Savings 3 loan Association
Of fort P~erce.
Fort Pierce, Florida ' " ~n~
•;",~~~...~If~y .
~ v~ 3 .
• 1 b •a
This Instrument Prepared By J. H. Robetts Jr. ,~'s:.
First Federa) Savings b Loan Association • ~ i j•i'J'~~~ d•' ' s
of Fort Pierce~ Rlozida 33452 P.S.L. ~ _ - :~13 :
- Eg ~ 2~8 ~A~ 494 - . ~ : ~ : . ~
Checked By • . .~~~1 V 1~ ? ? ~
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