HomeMy WebLinkAbout0113 3. To place a~J condn~evsly kerp on :he b~+ ~l ~ ~a nuw or h~reo!+tr s~iwtc on s~:d le~id a~~d on a`.t cy~~~- ~~en~ and ~r~o~afly eovered by thi~ mw19-
age, with all praniiu~ns ~hciron pa J+n !u'.!. f~r~~ ir.i;,~ence in tho ~~ual sfe+Klo~d F.ot:cy form, in a s~m aFp:u+~d by the h10R(GAviE, and windatwm
intur~nce in tha ~wal ~tandard pol,cy fo~~n, in a s~.~n appro.ed b~ the MURTGAGEE, in iuch company or to+npan~et ~he MORTGAGEE may
direct; •nd ail (iro a~d. windsrorm imuran<e po~~ciei on any ol se,d bu~4d,n9~, any ime~FSt theeein or part thrr~of, in the agg~e9a~e sum afatsi~d o~
Irs •xcess thereof, ~lall comain ~he vw~l sra~~dard mu:~yagae c!ause or such ~ti~e~ cla~se as tha J1o~tyeye~ may requ~r~, maMing ~he lo~~ und~~ ta~d poli~
cisf, ea<h •nd every, payab!e ~o sa~d A~10RTGAGEE as ih interast may sppea?, and cath and eve~y ?v.h po1' ~hall be promp~lY +ts.ynrd and delivered to
•ny hald by said MOR(GAGEE •s iurther sec~rety to ~eid ~~zortgage drbt, a~~d, not leu ~han ten (10) days i:• edvance of the expir~tion ol each policy, to d~-
livsr b Laid MORTGAGEE a~enawsl lherro(, tugether with a rece+at fw the pre'ni~m o( svch ~eneNel: a~d thare shall be: no fire or wi~~dstorm iniurant~
placed on ~ny oi said b~ifd~nys, any intereit ifiera~n or par~ thercoi, unless in ~he for~n a+xl wi~h th~ losa payable ss efo~euid; and in tM event any tum
of money becemes payable i~ncier such ~licy or pol~ues said MORTGaGEE at~eil hava ihC o~-!~on ~o rrc~~vr and app!y the s~me on accounl of the indebted~
neu setured htreby o~ ro permif said MORTGAGORS to rccrive a~d us~ it or any p.~~~ ~hercof ior otn~u NwF~cs~t. r~~ihout Ih~.~i~~ waiv~.:g o~ ~mpau- -
inp any equ~ty, lirn w right ~nder or by virl~e of ~his mor:gage; and in the event sa~d htORIGAGORS she!I fa any reason fail to keep the said pr~mises w
+nwred, w fai! tc del~ver promptly any of saed pcl:res of iniurancs lo sa~d MORTGAGEE, w ia~i promp~ly to pay fuily any premium therofw w in any -
respect bil fo perfo~m, diuha~ge, execute, etiecl, canpler,s, comply wirh a~d abide by this covenant, w any pert hereo(, sa~d MORTGAGEE may pl~ce ~nd w,`
pay fo~ such insura~ce or any part tharcof w+thout waiving w affc:ting any ophon, lien, equ:ty, or nght under w 6y virtu~ of this Ma~gape, •nd 1F~t '
full amount of each and erery •uch payment shall be irnmed~ateljr d~e and payable and shall beer in!erest from lhe date thereof un~il paid a1 tM rat~ o! 1~
nine per centum per annum and lo~~rthrr with such ~nterest sFw~i: be sec~red 'u~ the lien of th~~ n:ortgage. -
To permit, tommit ot sufEer no waste, impairment or dcter+orat~on of sa~d property w eny part 1F.ereof. •
S. To pay all and singular the wsts, charges and expena•~s, including a rcasenaote atromey's fee and cos~s of abstracts of tide, incurred o~ paid at
eny time by said MOR7GAGfE, because or in the event of the fa~iure on the part ot ~he said MORTGAGUR to Auly, p.anptly and fu?ly perform, d~uhargS,
rxecufe, effect, complete, comply w~th and ab:de by each and every rhe stip~lat~ons, egreea~ents, conditions, and covenants o1 said prom~sto?y note and this
mortgage any w ei~her, and sa:d costs, charges and eapenses, eack and every, shall be immed~ete~y due and payable; whether o? not there be no~[ee de ~
msnd, attem.pt to tolieU o~ suit pend~~g; and the iul! amount of each and eYe~y svch payn:eM shall bear infereal ~rom ~he date thercof uNil paid +1 the
rate of n;~e per centum per am~u:n; a:id ail said costt, ckorgea and e.penses in:urred or paid, toy~ther w~th tuih int~rest, shall be securtd by the lien of thi~
monpaye.
6. ihat (a) in the event of uny b~each of this Mortgage or defa~Ir on the part of the MORTGAGCR, or ~b) in ~he event any of sa~d sums of moMy
herein referred to be not prompriy a~d fu~ly paid wi~hlr, mi.ty ~301 days next atrer thc same aeverally becorne d~e and p+yabie, withou~ demand w no~ite,
ar (c) in the evem each and eve~y the stipulatiuns, agrerments, cond~tions a~~d coYenaros of sa~d prorr.isso:y note m~d th~s monpaQe any or ei~her are nol
~uly, p~omptly and iulty performed, d~scharged, ezec~tzd, effected, completed, complled w~~h and ab~ded_ hy, thar?, ia.eiiher w+~Y such eveM ths said ap~ .
gregate sum mentioned in said prom~ssory note then remaining unFaid, with interest accrued, and ail moneyt secured hereby, sha11 betome dua and pay-
able forthwith, or thereafter, at the option of sa~d MORTGAGEE, as fully and completely as if all of the said aums of money wtre originally itipvlsted
ro be pa~d on auch day, anything in sa~d piom~ssory rwte or in ~his Mwtgage lo the contrary notwithaiand~ng; and thereupon or lhereaFter a~ the option of
said MORTGAGEE, w~thout no!tce or demand, suit at I;w or in eqoity, therefore or thereafcer txyun, may be prosecuted as if all money sttured htreby
had matured pr~w to ~ts institutron.
7. That in the erent rlat at the be~irx+i~~g of w at arty time pcnding any ~v~t upon this Mortgage, or to foreclox it, or to reform it, or to enfortt
paymeN of any daims hereunder, taid MORiGAGEE shall apply•w ItK Ccurt hav~ng ~u~~sd:a:on ~nereoi fo+ the sppo+ntment of ~ Receiver, such Covrl shal)
Forthwith appo~nt a rec..~ivcr of said mortga~ed property aC and si~g~lar, irutud~ng ait and singular the irxome, proLts, issues and revenues from whatever
source derived, each and e~ery o( wfi~ch, it being eapressly v~ders~ood, ~s herrLy morrgaged es if spec+fically set fwth ~nd described in the grantiny and
habendum dausrs hereof, and s~ch RFceiv~r shall ha~e all the broad and efF~ctive funct.o:~s ane! po+ven in anywese envusted by a Court ta s Receiver, and
such ~p~ointment shall be made by tuch Cour1 es an admi~tzd eq~isy and a mane~ o( absolute r~ght to sa~d MORTGAGEE, and withaut re(erence to the
adequacy a inadequaty of tFx val:,e o{ the prope:ry mwtgaged w to the to~vency or ~~soivency of sa~d MOj2iGAGOR d the defendanq, and that such .
rents, profits, income, issues and revenues shell be appSied 6Y such Receiver accord.ng to the lien or equity of uid MORTGAGfE ~nd the prxtite o( such
Gourt. - -
8. To duly, promptly ar+d Fully perform, dis:hsrge, execute, eff~t, corr~lele, ton~pty with ~nd abide by escfi end every fM stipu!afions, ~greements, ~
conditions arxl covenants m sa;d promissory nore mx! this ~nortgage set forlh. }
9. That in the event the ownership of•the mortyaged Fremises, or any part thertof, becomes vestcd in a ptrson other th~n the MORTGAGOR. 1he !
h!.7RTGAGEE, ita successors and assegns, may, wi~hout no~~ce to the AtUkTGP.OR, deat vv+th such successor or successw ~n interest with teference to this ~
mongage and the dab~ hereby se.vred in the same ma~xier as vnth titortgagw w~thcet in any way vitiating or diuharg~ng the N4ortgagors' liabllity hero- t
vnder or upon the debt hereby secured. No saie of the premises hereby mortgaged ard no fotbear~nce on the p~rt of the MORiGAGEE o? its succeuors
or assigns and no ex~e~sion of the lime for the payment of the debt hereby iec~red 9~ven by tlnr MORTGAGEE or ~ta wccessws or auigns, shall operate
ro release, discharge, modify change or affect ehe oriq~nal Gab:;ny of ihe MORiGAGOR herein, either in whole or in psrt.
10. It is soecifically agreed iha~ time is of the e:sence of th~s conrract and that no waifer of any obligat~on hereunder or of the obligation sr
cwed hereby ahall at any time thereafte~ be held to be • waive~ of the terms hereof or of the instrument secured herby.
11. In add~tion to the forego:ng mor~thly pa~ments of pnnCpal and interest req~~red by ihe prom~ssory no>e :ctured hereby, mortgagor oowoaMs
a~~d agrees to pay to mortgagee w~th rach mon~hly paf;nent an add:iional sum es?~:-.ated by mortgagee to be equai to 1 j'12 oi the an:ival cost of the fol{ow-
~ng:
_ A-All ~eal property taxzs lev~rd or asse~scd egs~^.s* th: above desribed r_at Pstate.
~ B-Prcmiums on fire and viindstorm i~w~ance as here~n requ:red to be carr~ed on tha ~r.provemr~ts set~ate on tne above desc?ibed premisea.
f C-Premi~ms on such mortyage guaranty ir.surar.ce as mortgagre shall ircc r;me to i~me deem fit to cmry on the loan secured hereby. '
{ Mortgagee shall frcm time to time notify mortgagor in vvriting o* the ama_•m_ due and payabte hereunder and such sum shall thereupon be d~e and
! ~ayab~e on the due date o( the next montl,!y payment and each s~ccessive mo~rh therraf+~r until mortgagee shall notify mortgagw of : thanpe in such ~
amount. $uch s~ms shail be appfied by mwrgagee toward the payment ot real properiy ta:es, insurance prem,ums, and mortgage guaranty insurance
premiums.
IN WITNE55 'NHEREOF, the said MORTGAGOR has hereunto set his h~nd and seel ihe day and year first oresaid.
Siyned, Seated and delivered in the presence of: ~ ~
, ~~fr ~ ~p ~
Fs~EC xti3 ~~.:C~ ~EO
ST-lt3~l~ ~~~NTY flA. ~ o ert . a~ ~
~ ~ RLGER =i+iTR~S 7 ~
Cl'eRK Gtt.;.::; ; COURT ~ „~(Seaq {
~ .rE. F i re ox :
F : ~s~,n
~ STA1E OF fLORIOA j j yg ~N ~7 b T
~o~Nn oF st . Luc ie 3`~.~~.~i
~ Before me perwnaily appeared - RAbQrt G Fox' ,~,d
~ Mildred FOX _ his wife, to me well known and 4nown to me to bs ~
~ the individvals destribed in and who executed the foregoing instrument, and acknbwledged before me that they ezecuted the same for the p~rrposes +
rherein expressed. Md the said Mi1C~IQ(j r'OX j
~ Robert G Fox a rate and nat~ ~
~ wife of the said - • P~+ s~P+ P~ w
~ exam~nat~on by me taken separate and apart from Fer said husband, a:knowledged to and before me thal she exetuted said instrument freely and voluo- F
tarily and witFiout a~y compuls~on, constraint, spprehensian, or fear of w from hrr said husband.
~ WITNESS my hand and off~ciaf seal thi~ day of March A D. 19 76
• • • ~
~ - Notary Public in a for te F{orida at larye
~ 6' STATE ~F FLO R? CD M,, comm;.~,«, ~xP,« ~ o~ I~~~
~
SIAMP iAi~ y ~
" " DOCU~V?~NTARY,.-%=: -
cZ ~ DEPI.
~f REYENUf E:y ~;•t~ '
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~ This Instrument Prepared By Gary F. Ell~ood .~j -
~ First Federal Savings & Loan Association - ~ •
of Fort'Pierce~ Flot ida ' -
~ Checked By ~ . 4 ~ ~ ,y, ; '
~ t n~ ~W PAGE "`~..c~ fLfi?s~',,,`~`
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