HomeMy WebLinkAbout0798 3. To plece ~nd con~lnuousiy keep o~ the twildmg~ now a hereafiN ~~twta on ~aid land and on ~tl equipmMl and p~?sonally tav~r~d by Ihi~ malp~
ay~, with alt premivm~ Ihercon pa~d in tull, lire iniu~a~ce in the usu~l iund~rd po~~cy fam, in • tum ap{xo~~d by 1M MORTGAGEE, a~d w~ndslam
inauranc~ In tM usual ~andard pol~cy fam, in a sum •pprovad by tht MORTGAGEE, in i~ch compa~y or companies u IM MORTGAGEE may
du~ct; and ati (ir• ~nd wlnditorm in~~rar~ce poticia on ~~y oi ~a~d b~itd~np~, ~ny int~r~i~ ~Mrei~ w put ther.sg(, M Ih~ spyrey~t~ ~um ~fa~said o~
In ~xce~s tMreol, thall comai~ tM viual ~tandard mutyapN claus~ w~uch o~F+N c~aui~ ai ~M Mor~payN may rpuir~, makinp tiw lo~~ u~d~* a~d pol~
tiN. ~ach snd ~vsry. p~Yeb~~ lo s~~d MORTG.4GEE as iu in:erq~f m~y ~ppea~. and e~th and tvery tuch policy ~h~ll b~ promptly a~~.q~wd ant} d~livered ?o y-.
•oy hsld by uid MORTGAGEE as (urther secunt~ 1o soid mo~lyafl~ deb1, a~d, not I~u tMn t~n (10) dsys 1n ~dwnc~ of tM •xpl+~t~aa of ~~ch polity, to dF .
IivN to uid MORIGAGEE a ~~Mnral tM~eof, top~IhK wilh a r~caipt fo? tM p~trteium o( tuch renewel; •nd IMr• ahalf b~ no f'u~ or wi~ram in~uranc~
pl~c~d on ~~y of faid buildinqs, any imereit th~r~in w ps.~ th~~eof, unl~~s in tM form and with the loss payabi~ ~fass~~d~ u~d in tlM ~wr?t ~ny wm
of mor?~y beccmy payable v~der such poliq w poliues ~~id MORTGAGEE sMll hav~ ~M opt~ to receiw ~nd ~pply tM ~an?~ on xcount of tl+e ind~t~~d-
nau Ncu~ed hereby w ro perm:t ~aid MORTGAGORS ~o rauiv~ +nd u~ it or •ny pa~t ~Aercof fa o~her purposes, wi~hout eha~eb~ weivi~~~ o. ~mpair-
i~ any pu~ty, IiM w righl under a by vlrtw of thif mortpag~; ~~d in tF?e evenl ~~~d MOR7GAGORS ~MII fa any reawn fa~l ro k..p ~M .a~d pr•mtse• so
ins~r~d, o~ tafl ro deliv~r promp~ly ~ny of s~id policies of insur~nc~ to sa~d MORTGAGEE, w fsil promptly Io pay fully ~ny pre~nivm therefor w in any
r~ip~d fall W p~rfwm, discharg~, exacuts, ~ff~d, comptete, comply wi~h snd abid~ by thi~ covenant, a any part hKwf. said MORTG~iGEE en~y pl~c~ ~nd
pay iw ~vch irauranc~ or ~ny parl fMreof withovt walvinp w afFettinp ~~y optan, Nen, eqvity, o~ tiyhl under w by virtw of Ihlf AAortyape, and the „
fvU ~mount of each and ~vtry tuch payment shatl be immediately dw and pyabN and ~h+N bear interest from th~ datt 1ficr~o( vndl paid tl th~ rat~ of ,
n~n~ p~r ctntum p~t ~nnum and together with iuch interest fhall t» secured by th~ lie~ of thia matyay~.
~1. To ptrmit, commit p suffa~ no waste, Imp~irment or dcterioration of said properfy « any Pan ~hereof. .
5. To p~y all and ~inpulu the cwts, cMryes and expenses, includinp • re~son~bie •nwney i fN ~nd cotr~ of a~titracts of htl~, Incurred or paid at
eny tirns by ~sid MORTGAGEE, becavse w i~ th~ went of ~he 4ailuro on ?M ps~l of ~M iaid MOitTGAGOR ro dvly, p?omptly ~nd fully p~riam, d~schar~~
exccute, effect, compl~ts, comply w~th snd ~btd~ by ~ach ~nd wery fhe uipulatwns, agrea+r~enn, condit,oru, and cov~nann of s~id p~omeuory no~~ and thii
matp~ps ~ny w~i~F~. ~nd ~~d coits, cM~yt~ and ~xpenss~. each ~nd w~ry. shalt b~ 1~nmedi~t~ly dw ~nd payabl~t whethe~ w not tF~e~~ bs no~it~ dr
mand, snempt ro collact a wit p~ndin~ ~od the f~ll amouM of exh and we.y such paymen~ sF~all bear intenst fran tM da~t tl+~reof until p~id al tM `
rate of nine per centum per an~~um; and sil wid costs, cha~9es and expenses incurred or paid, Iogether w~th tuch interQSt, ~Mall b~ aKUred br tiw li~n of ?hi~ i
mwt9ap~. -
6. Thal (a) in ths evsnt of ~ny breach of thi~ Mortgs~e w default on 1M pa?t of the MORTGAGOR, w(bI in the ~vtnf uiy of s~ld axna of n?or+~y
herein referr~d to b~ not promptiy ar~d fully paid within thirty (30) days nea~ afrer ~M same aeverally becom~ dw and payabt~, without dtmand o? notics,
or (c) in the eve~t each and every tM s?ipulations, agr:sments. conditions and cove~+nts of t~ld promiuwy not• and th~s mwtyape ~ny w eithN are no1
iuly, promptly and (ully performed, dncharyed. executed, e(iected, compt~ted. :anpi~ed with and abided by, tMn in ~itFx~ or ~ny tuch ~wM tM said a~
prey~te ium mentaned in said pomi»oty note than remai~irg ur.paid, with ints~eat xcrued, and all moneyt tecur~d hereby, ~F?all btcom~ dw and p~y~ }
able fwthwith, a thereafter, ~t the opt;or~ of iaid MORTGAGEE, ~t fulty a~d completely as if ~II of the uid wms of mon~r wer~ a~pin~lfy N~pulated 4
to be paid on such dsy, anyfhing in sa~d prom~~sory nole w in this Ma~9age to the contn?y notwithstanding; u+d therwpon or 1her~aftK at tM option of
•aid MORTGAGEE, wirheut not~ca or demsnd, iuit at iaw w in equity, therefore w there~iter beflun, may bt prosec~ted ~s if ~II monty~ a~cur~d hsreby ;
had matured pnw fo ~q institution.
7. 7hat in tM event that at the beginn~r~ of or u any time pending any suit upon thit Mortpage, or to fo~eclw~ It, w ro nform N, a to enforq
paymem of •ny claims he.eunder, ~aid MORTGAGEE ahall apply to ths Covn havin~ ju~~ad~ci~o~ ~hereof fa ~l+e ~ppantm~nt of a RaceivN, sucF~ CovM aMll
Foetl~with ~ppoint a receiver of ssid mort9aged propertY ell ~nd sinyuf~~, includ~ng all end singulsr the income, profits, fssws ~nd r~venues from what~vtr
scurce derived, each and every of wh~ch, it be~np ~xpress~y unde~stood, ii hereby mwtgaged as if specific~lly ~tf forth and d~scrib~d in tl+~ 9rantinp u+d
habendvm clau~es hereof, and avch Receiver thslf hev~ aU the b~oad snd effedive funcno~s and powen in ~nywis~ tntrvated by ~ Cowt ro~ Rac~ivtr, ~nd
such ~ppointment ~Aall be msda by such Court as ~n admitted cquity ~nd ~ rt+~tter of absolute rigAt to said MORTGACsEE, ~nd withwt r~fe~ence ro 1M i
edeqwq or insdcquacy of the wlue of the propertY mortpaycd or to the solvency w~nsolvency of said AAORTGAGOR a IM d~fendany, and that s:xh ~
rents, profih, incort~e, iuues a~d ~evenues ihall be app:ied by such Receiver ~ccordinp to the tien or equiry of said MORTGAGEE ~~d 1M practiu of wch ~
Court. ~ :
8. To d~ty, promptly and (~Ily pe~fwm, discharya, execute, effect, complets, comply with and ab'~de by each ~nd ~very fhs ~tipulations, ~preements, ~
conditions u+d covenants in sa~d promis:ory note and this mw~gage set fa~h.
9. That in the event tF~e ownership of the mortgaged premises, w•ny part thereof, becomes vested in ~ perwn other than the MORTGAGOR, ih~
MORTGAGEE, its succeaso?s end assi9ns, may, witiwut notite to fhe MORTGAOR, dea! with such successd or sutceasor io iMerett with refer~nte to thia
mo~tyage and the debt hereby secured tn the sam~ manner as with Mortgagor withovt in sny way vitiatinp a discharginp tFN Mwtyagws' iisbility FK~t
under or upon the debt hereby ucured. No s~le of the premises hereby mortgaged end no fwbeu~nce on the p~n of the MORTGAGEE w iri tuaeiwrs
or aasigns and no extens~on of the time fa the payment of the debt hereby secured yiven by the MORTGAGEE o~ its ~uccessors w assip~s, shall operat~
?o rolea~e, d~uhar~e, modify change or af(ed tht Of19iM) INb~~ity of tM MORTGAGOR her~in, ~itM~ in whob a G~ part. ~
10. It is spetifically agreed thit time i~ of the easence of ~ this contrsct and thst no w~iver of any obtigation h~rwnder p of th~ obll~ation st ~
cured htreby shall ~t ~ny timc lhereaher be hcld to be + waiver of the terms hcrcot or of the initrumsM secured herby.
I1. In add~tior~ to the fwego:ng momh'ry psyments oi princ'pal and Interest required by the promissery note ucwed hereby, mort9~gor cownants
and agr~es ?o pay to mortgagee with each mombly payrnenf an add~~ional sum es~~ma~ed by mwtpag~s to be equal to 1/12 of th~ ~nnwl cwt of the follow-
'^9c .
A-All real property taxes levfcd or asussed ayains: the above described real estate.
8-Premiums on fire end windstorm insurance as herein requ~red fo be carricd on tFx improvertxrts titwte on the above desvibed premises.
C-Premiums on wch rtartyage guuanty insurance as mortgagee shall from rime to time decm tit to urry on the loan ~eewed horeby.
, Mwtgagce shall from tfine to time ~wtify mortga9w i~ writ~ny of ths smount due and psyable herevnde~ and tuch sum ihal: thereupon be due and
pay~ble o~ the due date of the ne:t monthly payment and sach successive month the?eafte~ urtil mortg~yee sha~l notify mortgagor of a ch+n~e in such
i amount. Such sums shall be app~ied by mortgsyee ~oward the p+yment of roal propeny taxes, insurance prem:ums, and mortga9e ~wr~nty insunnc~
premiuntf.
IN WITNESS WHEREOf, the sa~d MORTGAGOR has hereunto set his hand and ~e~l the day and year tirtt afwesaid_
I~ Siyned, Seal~d a~d deiivued in tM presence of: ~
F~~Ea ~N~ ~EC~aoEO ~ ~/I
i ST IUC~E COUNT1f flA. /~~'"~'~'~i'- T tSeaq
RCCi a =~ITRAS
i ~L= ,X ~~;r;t;lT COURT
: rf::_ •;ER:=:EO K--~ ~
~ ~ '
° MaR [3 10 43 AN ?6
~ STATE OF FLORIDA
~ couNn oF St. Lucie ~ u' `~O4~r~
~
~ a~rae ,,,e ~~,o,,,nY a~,.~d Andrev~r McPher son~ a a ~l e adu~ t~
~ to rrk well known a~d known to me ro M
~ rM tndividval dewibed in ~nd w!a e:ecuted ~F~s fws~anp ins~rum~nt, and ~cknowledped b~fore m~ tMt s+e ~x~at~d ths s~rn~ fq tM purpo~es
y rhe?ein expressed. ~rKi~~XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX70C?OCXX70CX
~ ~~c,~yc~;~xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx ~
~d6 x~~I+~ ~x.1~;~~GdS~Fi~9Esu~~4 d~~6aG~i~Gi~~afiK
~ ~Kayx~~ x.~~~~K~~c~x~~~.~ca6K~~a~6K~?b~~6~b~G7f~
~ WITNESS my Mnd and offici~l se~l thi+ ~ 9 day of March p. 19 76
~ ~ ~
~
- Notary PubIK in and fw t Stat~ of fbrida u LWp~
~ - My Commission txpires:
- Retum 70:
first Federal Savings 6 laan Association ~p~~ p~{g~,1~, STATE d fLOR~D~ ~t LAAGE
~ Ot Fort Vlerte. by C~lyl1$$1pN ~7(PIRES IAN. 7. 19II
- fort Pierce, Flwida BOIId~O ~ ~
"
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F This Instrument Prepared By Richard K. Kayes • ••..'9b~ ""s.
First Federal Savings 8~ Loan Association ' ' ~ ~ ~ • ~
of Fort Pierce, Florida U~:`r '
ry r~ f - , ,
~ Checked By ~ f; ~ „ ; _ • ` , ~ : ; _
K J ~
~ .250 ?~4 = J - ~ ~
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