HomeMy WebLinkAbout0402 3. To p~ecn e~:d ~o~~t~r,uouily .eep on ii,e 6~. J.~~g~ now or hr~raher •~~„>~e on i„~d ~and and on all eq.,ipment and p~~sona~ly co.rrod by ~hi~ mwt¢
~g~, wifh alt ~rm~um~ itierran Fa:J ~n ful!, Gre ir.s~ion;e in tne ~f~al stoiXlard pohcy furm, in a sum epprored by ihe AAORiGAGfE. •nd wind~tam
fnwranc? in ~he us.~al s~anda~d po, cy fmm, in a sum apNru.rd t~y the bK~RiGAGEE, in such c~r~pany or co.npsniq as the MORiGAGEE may
a~rM; and •11 (ire •:'.d wmJst~~~n ir.su~a~ce poLc~es on a~y of said b~.~ld:nys, any interest tMrtin or part thereof, io tFw ~99re9~te ium afaesaid w
in exces~ ~he~eof, sha11 co~~a~n ~M ~s,,al ~fa~~J~rd murr~ngee u~use or i~~ch o~ix~ cla~se a the MortQagee msy ~equ~r~, ma?~ny tM lois unda ~a~d po14 ~
r.~s, each and every, payable to na~d MURiGAGEE ss ~~s inletrft ~„ay sppea~, ~nd each and evo~y •uch policy ~haii ix prompfly assyned •nd de~iv~red to :
eny held by aa~d h10RTGAGEE es ~or~ner Securify lu ~aid more~a~a d~i;t, ar~~d, not leu ~han ten i~0) deYS in advance oi the eapir~t~on 6f each policy, to da ~
Uv~r ro sa~d MORTGAGEE a rsne~~al thereof, ~oge~her with a rece~p~ for the premium of such renevvsl; and there shall b~ no f~ra or windato~m insurance
pltced on any o( sa~d bui!dmgs, any interosf therem or pe~t thereof, unless ~n ehe (orm and wl~h th~ loss payable as aiw:iaid; a~d tn the evenf any sum ,
of rr.on~y beca~xs psyable unde~ such pui~cy w poLuei saiJ MORTGAGEE shall heve ~he op~~on to rece~ve and apply the u.~+e on accoum o( th~ indebred-
neu tecu~ed hernby w to perm~t sa~~ MORiGAGOR$ to rece~ve and ufe it p any pa:t tF~reol fo~ o::*er pwposrs, w~thp~1 Ihe~a o~ waivi~~ or unpair-
iry ~ny equ~ry, I~en w r~gh? ~nde? or by virt~e of ~his mc~~gage; and in the eve~~ w~d MORTGAGORS ihatl for sny reaia~ tail to keep ths ~aid prem~srz so -
insured, w ieil 1o dal~vrr promptly any of said pol~cies oF insurance to said MOR?GAGEE, or fail promplly to pay fully any premium therefor o~ in any
re~ped isil ro perfwm, d~scharge, axe:ure, effect, complete, comply w~rh erx! ab~da by th+s cove~an•, o~ any part hereoi, said MORTGAGEE may place ~nd -
pay fw such insurance or any part thereof w~thout waiving or affetling any option, lien, eq~~ty, or Nght under p by virtw of this Mortpag~, ~nd tht
f~ll anwunt of each and e.e~y such payment shall be ~mmc•diarely due and payable and thall besr interesl from ths dafe thereof until paid at the raq of
nine per centum per annum a~~d to~e~h~~r with s~ch interest shali be sacured by 1he litn of this mortgaya ,
1. To permit, commit or auffa n~ waste, i~npeirment or dtteriorat~on of said property or any part thereof.
S. To pay all end :logular the coits, charge~ and eapenses, i~,dud~ng a reawnable attorney's fee and cosr} of abslritl~ of tit!e, incvtred or p~id at
any time by said MORTGAG`_E, [xcause or ~n the event of the ia~iure on ~he part oF the ssid MORTGAGOR io duly, prompNy and fully perform, d~uMr9~,
eaecute, effecl, ca~eple~e, cc•nply w~fh and ab:de by ea.h and every the stipularions, agreernenra, condihorn, end covenanr~ o! said proinissory nots ~nd thi~
rnortg~ge any w e~ther, and sa:d costs, charges and expensas, esch and eve?y. afietl be immrdiately duo and payable; whe~her or not thsre be r+otic~ de~
ma~xl, attempt to co;lect w suit per.d~rtg; ux1 the fu11 amount of each and every such paymeM shall bear interes~ from the datt thereof until paid at th~
r.3te ol n~ne per ccnturn per annu:n; and all said tos~s, ct:a~gei and exper~ses irK~ned or paid, together wdh such inte~e~L shall be secured by tM lien of thia
mortgap~.
6. Tha1 (a) in the evem of any b~each of this M.ortgage or defa~lt on the part of the MOR7GAGpR, or (b) in the event any of seid sums of mon~y
herein referred to be not p~dnptly a~sd fully pa~d .vithin ~hnry (30) days ncxt after the sa~ne severally become due snd payable, wi~howt demand w notice,
or (c) in the evero each and every tne st~pulano~s, agrezments, cond~rions and covenants of se~d promiuory noie snd th:i mortpape any pr *ithsr are r?ot
ivly, pranpdy and futiy performed, d.acharged, executed, eifected, completed, canpiied with and abidrd by, then in either or ~~y such eveM tM taid ag
g~egale sum mentioned in said promissory rwte then re~rain~ng unpaid, with interest accrued, and ell moneys seNred hereby, shall become dw end pay-
able forthwith, or thereafter, at the opt~on of aaid MORTGAGEE, as fully and completely as if all uf ehe said sums of money were originaHy s~ipulated
to be pa~d on auch day, anyth~ng in sa d pro:n~ssory note or in this Abngage to ihe conrrary notwirhstanding; and thereupon or thereafter st the oplion of
aa;d MORTGAGEE, w~tfi~ut ~ot~;e or demand, suit at law or io equny, the~efore or thereafter beyun, may be prosetuted q if afi money~ sacured hereby
had maturcd prior to ds inst~s~tion. .
7. That in the evcnt that at the beginn~ng of or at any time pending any suit upo~ tfiis Mortgage, p to foreclose it, ot to refwm i1, a to enfwte
payment of any cia~ms Aereunder, said MORiGAGEE shall apply to the Cour~ ha~in3 jur~sd~c~~on thereof lw the ~ppointment of a Receiver, suth Court shal{
For~hwith appoim a re;eiver of said mortgaged prope~fy all and s~ngutar, incl~d,ng ail and s~ng~lar tha inco.ne, profits, iuues and revenues from whatever
source daived, eacA and every of ~„vh;ch, it be~~g expressly understood, is hcreby mortgaged as if spec~flcslly ut forth and deWibed in fhe praNinp a~d
habendum clauses hereof, and svch Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Courl to a Reteivtr, and
:.ch appoinrmenr shati be mada by soch Coun as an admittrd equity and a matter oi a5so~ute right to sa;d MORTGAGEE, and without reference to the
adeqvaty or inadequacy of the valva of the propecty morrgaged or to the so~vency or ;nso~vency of sa~d MORiGAGOR or the defendants, and that tuch
rems, proFits, income, issues and revenues, shall be app;ied by such Receiver eccord~~~g to the lien or pquity of wid MORTGAGEE and the practice of such
Court.
8. To dvly, promptly and futly perform, d~scha~ge, execute, efiecf, compiete, comply w~th and abide by each and every the stipulations, sgreements,
conditions and covenents m sa~d prom~sswy no;e and thn mcrtgage set forth.
9. That in the event Ihe ownership of the mertgaged premKes, or any parf thereof, becomes vested in e person other then the MORTGAGOR, tha
AtORTGAGEc', its wccessors and ass:gns, may, wifhout r.o~~ce to the MORTGAOR, deal wdh such successw a sutcessor in interest with referente to this
mo.tgage and thc debt he~eby secured i~ the same manner as w~th Nbrtgagor wi~hovf in a~y way vit;aling q distharging the Mortyagors' liability F~ertr
~,n~e~ a upon the de~t hereby secur~d. Na sale of Ihe p~rmisea hereby mortgaged• antf no fqt>esrance on tF~e part of the MORTGAGEE w its successon
or ass~gns and na e~tension ot !he t:me for the payment of the debr he~e5y secured fliven by the MQRTGAGEE or its suctessors w asaig~s, ~hall operats
ro refease, d~xharge, modify change or affect the original liabil~ty of the MORTGAGOR herein, either in wlwle or in part.
10. It ii spec~rcatly agreed that time is of the essence oi this contract and fhat no waivK of any obtigatan hereunder w of tho obligation se-
cured hereby shah at any time thereafter be Ae:d to be a waive~ of the terms hereof d o# the instrumeot secured herby.
' 11. In au~~.~fon to the forego:ng mcnthly paymeNS of princ'pal and i~terest required by rhe promissory rtote securrd t~ereby, mwtgagor eovenants
and agrees to pay to ~:.orrg3gee with each monthiy pay~.,ent an add~a~or.at sum est:ma+ed by .nortgagee to be equa~ to 1~ 12 of Ibe annual cost of tF?e folbw-
'~9: .
A-Atl reat p~operry taxrs lee~~~,a, or assessed agai~st th~ ahove describ-=d real estate.
B-Pren:iums oA f~rc ar,d windsto~m insurar~c as herei~ requ~red ro be ca:r~ed cn the improvzme~ts situate on the above desuibed premises.
C-Premiums e~ such mortg;ge guaranry irsura~,ce as morrgagee shail fro:n r:me ro time deem fit to carry on the ban secured hereby.
Mortgagee shal! from ti~ne ro t~me notify morrgsgor ~n wr;t~ng of the arnoinr dAe and paYabte hereunde~ and wch sum shall there~pon be due and
~ayable on the dve cate of th~ next ~nomh:y payment and each s~ctessive month tiiereafter urtil mwtgagee shall notify mortgagw of a change in suth
a--:o~r.L Such sums shaii be app:ied by mortgagee toward the pnymen+ of rea! property taxes, insurante prem.ums, and mortgage guaranfy insurance
i p~emiums. .
j IN Y~IT~JESS LtiHEREOF, the sa~d MORTGAGOR has hereunto set h~s hand and seal the day end year first afwesaid.
Signed, Sealed ar.d delivered in the presence of: ~ `1
~ \ • ~ ~ ~+n
f ? fi Hd 11 t s9
~ ~ S
~ _1_ i c~ ~~.c ~ uza e w, Hallstrom
, ,
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~
~ SSATE OF FLORIDA ~
~ COUNTY OF St. I11Cle ~
1
~
~ s~fa~ ~~.~~,u„ ~~a,~ Nels E. Hallstrom Jr .
.r+d
~ _ S~~annQ iA1~ Hal 7 S his wife, to me well known and known to me to b~
} the individuab desuibed in and who executed tha foregoing instrument, end acknowledged before me tMt they executed the same for ttu purposes
~ rherein expressed. And the said suzanne W Hallstron
~ ~,~?e or fn~ ,a;~ Nels B. Hallstroa Jr . , KP.,,r. ,~d
~ exami~at~on by me taken separate and apart from her :aid husband, acknowledged to and before me tha• ihe executed said instrument fraely uid volun-
ui
? rarlly and w~thout any compu,sion, constraint, apprehens~on, w fear of or from hersaid husband. ~
4
WITNE55 my hand ard offiual seal thia 17t~I dey of March A D. 19 76
s ~~h.~.7 ~ . 3
~
Notary PuWic in and_f the 51 fe of F{qrida N LarQe ~
_ My Commission expires: 1~~~
j76
_ Return To: • •
First Federal Savings 3 loan Associat,on ~~^O;~ .
Of iort a~e;ce ~
j r~
y Fort P~erce, Flonda {~(~C
- •
• ~ T.~ V Vi~YCD .1~..iH~~::/:J~I
3 ST~IU~,E C~UNTr FU- : . - ~
; ~ . ~!Ta?s . . ,
~ ~ _ • ,
This Instrument Prepared Sy J. Hal Robezts d~~ ~yE,:=
E~•V~U~T r~ f ~fl,'1~:.~' ` ~
r First Federal Savings & Loan Association . 7~• -
. of Fort Pierce ~ Florida 3345U ~`s 'O 23 ~ ~T6 ~ ~ 4' ~ ` _
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~ Checked By ' _ , - _ `d 1~ v
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~ S Z5O PACE '~Y. re
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