HomeMy WebLinkAbout0391 3. io piace end cor,~~nuevsiy leep on it~e bu .l~~:yt noav or hereatter ~it~etr on s.~~d isnd and on .11 eqo~pment and pnna~slly eovered by Ihis mortp-
~g~, with al) p:em~wn~ tl:erron pa d~n f,;ll, f~re ~~a~~ance ~n ine us~al s~andard Fo;~cy form, in • ~um aNp~u~rd by the MORIG.:GEE, u~d w~ndtitorm
insurance in ~he us~al ua„da:d Ho:.cy fc~~n, ;n a w«: appra.ed by ~he MOR1G~vEE, in wch co~,~par,y or compan~ei ~M MORTGAGEE may
duecr, and all iira a+.d w~nds~urm ~n~urance pol~c~rs on any of ;a:d b~,rdmys, any in~ere~~ t1w~e~rt or part thereof, in tlw ~yg+cya~• wm alorssaid w j
in ~xce~s Ihe~eot, shall co~~ra~n ~he u~ual s~anda•d uti~~]agte dause or ~uch o~her clause u ~ha Mor~gagee may requ~r~, makirq Ihe loss undN aa~d poli~
cies, each ano every, pay~ble w sa~d ~J10RiGAGEE as ns ~rocresr ~nay appear, •nd rach and every iuch poacy shaii b~ promprly au 9ned and do~ivered to
any Ftdid by said MORfGAGEE ai f~rth,r securify to ai~J n~o~tgage drbt, dr:d, ~ot Itss thdn ten (101 days in adrante of Ihe erp~rafion of Nth pOlity, to ,
liver to said M4RIGAGcE r ~enewal the~eof, tpgerhe: with a ~ete~pl for the pr~~r.:um o} suth rene~al; a~~d thrre ihell be no f~re or windstorm inturant~
pt~ced oo any of sa~d bu~ldings, any i~ucrost there~n or pa~t thereof, un!ess in the form and wi~h the loss payable as aforasaid; ar.d in Ih~ evenf ~ny wm
of monav becomes µ~yab~e under tuch policy w poLc~NS said MORTGAGEE sh3i1 hsve ~hr aption ao receive and apply the same on atcount of the indebted-
ne~s secvrad heraby ur to permit ea~d tACiRTGAGORS ro eece~va and use it w any part ~hr.eof tcr orher purHOSrs, .v~+iw~t th~r~u~ va~vi~eg o~ ~mpair-
iog any eqv~ty, Ilan a riyht under or by virtuo of this mo:rgage; a~~d in ~he event sa;d MORTGAGQRS shall tar any reason fail to keep the said premises so
inaured, w fail to det~ver prompNy any of aaid poGcies of ~nwrance to sa:d MORTGAGEf, w fa~l promptly to pay fvlty any premium there(or or in a~y ~
~eipect lail to pertorm, desch~r~e, execure, effed, c~mplero, comply with and abisie by this cove~ant, w any part hereof, said MORTvAGEE may pl~ce a~d
pay fw such iniurance or any p~rt ~hereof w~~ho~r waivir.g or affecting any op~~on, lien, rqu~~y, w righf under or by vir~ue of this Mwtga9e, and the
full amount of eacfi and every such payment shall be ~m,ned~araty due end payable and shafi brar inir~est from the d~ta thereof until paid at tM rate ol
nine ~r cenrum per annum and to3~thei wirh svch 1nt~•r•,s~ shal~ b- secured by Ihe I~en of this mortgaye.
1. To permit, com~nit or suf{er na waite, impairr:cnt or deter~oration oF sa~d property or any part Ihe~eof,
5. To pay all a~ s~ngu~ar the casts, charges and expenses, induding a reasonabte attorney't fee and ;osts oF aburacb of title, incurred w paid d
eny tim.e by said MCRiGAGEE, because or in the event ~f ~he fa~iure on the pa~t of the said MORTGAGOR to duly, promptly and tufly parform, d~xMrg~.
rxetu~e, t~fec~, complete, cornply w~~h and ab:de by each end every rhe st~p~la~~ons, agreemems, condinorts, and covenants of sa~d promisaory note and ~hi~
mortgage any or ei~her, ar;d said costs, charges and expenses, each end every, shalt be immrdiately due and payab:e; whe~her w not ther• bt nonce d~
msnd, sttempt ro colletl or suit perxl:ng; and fhe fuP amouM of each and every iuch paymem shatl bear iMerest from the date thereof until p~id d tl~e
rate of nine per cewtu~Te per -en:+u;n; ~nd all sa~d cosrs, cnarges a~d exa~~~sei :ncurrrd o. paid, together w~th such ~Merost, sha:l be ~ecured by ~hs lien ol tha
mortyag~.
6. That (a) in the ewai of any breach of this Mortgage or drfault on ~Fr pa~t of the MORTGAGOR, or (b) in the eveM any of sa~d sums of nwn~y
he~ein referred to be not promptiy and fully paid w~thin th~rty i30) days r.ex~ afrcr the same severa".ty become due and payable, withoul demand w no:ite.
or (c) in the event each and every ~he sripula:~ons, agreements, condnions and covcnants of sa,d promisw~y nole and ~h~s mortpag~ ~ny w sither •re not
~uly, p~omptly ~nd fully perfwined, d~scnarged, execu~ed, effected, completed, complied with and abided 5y, then in e~ther or any ~ucF~ event ?M sa~d ag~
gregate sum mem~oned in said prom~ssory ncre thrn re~T~aininq unpa~d, with imereit accrued, e~d all moneys secured hereby, shall betome dw and p~y
able forthwith, or thereaftcr, at the op~~on of sa~d hIORIGAGEE, as fully and canp.etcly as if all of the said sums of money were onyinally itipul~tcd
to be pa:d on such day, anything in sa,d prom~ssory note or in this Atortgaye to the conrrary norw~thstanding; a~d thereupon w thereafte~ st the optio~ of
said MORTGAGEE, without nos~ce or demand, suit at law or in equ~ty, therefore or fhereairer begun, may be prosetuted at if all mo~eys ietvred hereby
had matur~d pnw ~a ~ts i~stiturwn. '
7, Ihst io the event that at the beglnn~ry of or at any time pend~ng any sui~ vpon this Mortgege, or to faeclose it, ot to relonn it, or fo e~forca
payment of any cleims hereunder, said MORTGAGEE shalt a~piy to the Coutt having~jurisd~ciwn ~hereof for the ~ppo~ntment of • Receivet, such Cov~1 fhall
forthwilh appoinf a.rceiver of said morfoaged property all snd singular, includ•ng a~1 ard singu~ar the incoma, profita, issues and reve~+uaa from virhatever
wurce dxived, each and eYery oi wh~ch, it be~ng exp;easly ~odersrood, is hereby morigaged as ~f spec~t~wily set fonh snd desuibed in the 9r~ntin~ anJ
habendum c:a~sts hereof, and such Recei.er sha:l have all the broao and eifective funct~ons and powers in anywise entrutted by + Covrt ta a Receiver, and
such appoi~tment sha11 be made by such Court as an ad-nitted eq~ity and a matrer ot abselute right to said MOitTGAGEE, and without referente to th~
ede~uacr or inadequacy o1 the vai~e of the p~operty mortgaged or to the so~vency or insoivency of said MORiGAGOR a fhe defendants, and thaf such
re~~s, protits, incame, issues and revenues shail be app::ed by wch Receiver accord~ny to the I~en or equity of iaid MORTGAGEE and the prattice of such
Court.
8. To duty, promprly and fu!!y perform, d~scharge, execute, effect, mmplete, comply with and ab+de by eacfi sn~ every the stipulations, sgreementt,
conditions and covenants in ta~d promisso~y nose and this mortgage set forth.
9. That in the event the cwnership of the mortgaged premises, or any part thereof, lxcomes vested in a person othe? fhan the MORTGAGCR, th~
MORTGAGEE, its successors ar.d ass+gn~, may, w~thovt notice te rhe thORTGAOG.. deal w~rh such succcssor w successa in jnterest witF~ reterence to this
mor~gsge snd rhe debt hereby secured in fhe same ma~r.er as w1~h Morryago+ w~thout in a~y way vit~ating or duharging the Mongagors' li~biiity hera
undx or upon fne debt he~eby secured. No sate of ~ne prem:ses hrreby mortgaged sr.d no fwhearance on the .par! ol the MORTGAGfE or itt iucceison
or au~gns and no exr>ns~on of the +~me for the payrr.ent of rhe deb~ hereby secured g~~en by ~he MORiGAGEE o~ its ~vccesson or auigns, ~hall operats
ro relesse, d~xharge, mcdify change or affect the orig~nat liablti:y of fhe MORTGAGOR herein, eilher in who~e w in part.
]0. It ts specificnlly agreed ehat time is of the es:ence of this contract and thal r+o waiver of any obt~gat~on hereunder a of the obliyation ~e-
turQd hereby shdll ~t any time ~hereafter be hetd to be a waiver of the terms hereof w cf the instrument aecured herby. ~
11. In add~t~on to the twego'ng monthly paym^NS of princ psl and interest requircd by the promluory note secured hercby, mortgagor tovenants
and agre~s to pay to mortgagee v?~th each month"ry {,ayc^e,tit an add~*~onal sum es~~a;ated by mwtgagee to be Qqual to 1% 12 oi the annual cost of the foibw-
in~:
A-Atl reaf property taxes Iev~ed or assessed aga~~st the above descc+5~d reat estate.
B-Prem;ums ori fire a~d wir.dstorm ;nsurar.ce as here~n requ~red to ~ carried on the ~mproveme~ts situate on the above desaibed premises.
C-Premiums on such mortgage gua.anty insurance as mo~tgagee sha~! from t me to time deem fit to carty on tAe losn sewred hereby.
Nlortgagee shait from time to t~me norify mortgagor ~n wrifing of tFe arno:~m du• and payable hereunder and u~ch wrn ahall therevpon be due ard
payable on :he dye date of ~he nz,et month!y payment an~ each success~ve mon~h thereafter urtil mortgagee shai~ notify mongagor of a change in such
amount. Such sums el:aif be apt:~ed by rnorrgagee to:.ord the paymem of real property taxes, insurance prcm;ums, and mortgage guaranty insurance
premiums. -
i IN \'lITNE55 WHfREOF, tne said MORfGAGOR has hereu :to ut his hand and seal the da~ and year first afwesai
~ 5+9ned, Sealed and deiivered in the p~esence of: p EQ ~ '
rZk ~ ~ fl f-- - /
~ j~ . StLlO~ ~ ;..,UhaaSLA. ~ ..~~i+CG - = j c"=e~~I .LQ - ~ea~
~ ~A.a~w...,. .~.i.~C.e.? po~:; -~5,' ~~aT ~ Vic z J. Goo an .q
~ C1.f.F1 ~1'• ;s~1T C ~~~f. ~ cvyv n
i ~ ~E~•r',J'- M r9are~ E. Goodnan (se.q
~ ` ~ - y 45 aH ~~b
~ STATE OF FLORIDA
t ~ 54.
~ couNrY oF St . Lucie - ~3~ i c~s~
~ Before rtx personalfy appeared Vietor -J. Ci00~3fl .
and
~ HargaY@L B. GOOdD~fl his wife, to me well 4nown and known to me to b~
~ rhe individuals descr~bad in and vvho exewted the foregoing instrument, and acknowledged before me that they executed the same for the purposes
therein expressed. And the :a~d_ Margaret B. Goodman
~ wife of the •a~d V1CtOr .J. Goodman , upun • separste ~nd priv~h
~ examination by rr.e taken separate and apart from her sa~d husband, acknowledged to and before me thai ahe executed said instrumeM freeJy u.d voluo-
~ tarily and w~thout any comp~ision, canstraint, apprehem~on, fear of or from F~er said husband.
~ WITNESS my hand and ofi~c;al seal th~s-- ` g~ day of ~dLCfl q, p, ~y 76
3 ~
Notary Publit in and for the te of Florida at L~rpe ~
' My Comm~ssion expires:
? Rrturn To: ~ 0• 3 O•' ~
First Fedetal Savings S loan Associat:on
Of Fo~t P _ •ce.
Fort Pier~e, F!crida
:t:~f,
~ ~
'.••~~v....,~~.•~ ~
This Instrume~t Prepared By J. H. Roberts Jr. -
= First Federal Savings & loan Association -~'1'9 n d•'-..
of Fort Pierce ~ Flotida 33450 -~;a ' :
_ `S.'• r' i J : _
~ .Sj~" - ~ -
O'~
; Checked By :"kt~~;~ - • 1
4 ~ 250 , r :
~ E. .
~ ~ ~?c~ 383 - ~ ~
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