HomeMy WebLinkAbout0972 To plect and continuovsiy krep o~ ~hr Lw:~f~~,~• no~ o~ 1,«~eo~rer ~•i;,~ie on sa~d ~and and ~n ~I' c:~~.ry•~.ent ~nd pa:sonally cowrrCd by ihis mo~19-
p~, with all prem~wnf tl~ereon pa d~n f„il, (~re i~;s,.~a~ce ~n Ine ~?~al t'a~.Jard pa4cy form, in a a~m approved by ihe MOR?GAGEf, a~:d wind~tam
insurertce in ~he usu~l s~and.+rd ~a:•cy 1o~m, in s s~m appro.ed hy tht M: RIG:IGEE, 1n iu:h ca~pan~ or ~omFan~~s a~ th~ A10RTGAGEE may
d'uett; and all lire a~~d v~;nJt~onn ins~~ance {x:Lcies on •n~ of sa~d lwud~n~t, a~y inte~est ~here~n or Nart theroot, in tM ~~y~e9~te fum atae~aid w
ie ~acess thEreo/, shaU con~a~n tf~e uw5f sea~:Jnr~ ~r,crty,~ce ciau~o or s~ch o~i;<~ cie~ee s• th~ Mo•+gayee mey req~~~t, ma~infl the los~ ~nde~ ss~d poli~
ciea, esch and every, payab'e to sa~d .\10RTGAGEE s~ ~~s m~r+es~ ~ray a;>p.,ar, a~+d ea~h a~~d l~ery such pot~cy •hali he y+omplly atii fl~~cd snd detiverad to
•n held b sa~d MORTGAGEE as tu~~her s:curir to saM n,ort ac e drbl. ai.d, n01 tesi ~nen ~en (10) da s in ad.en~c ol tha ex rat~on of esch I~c to dr ~
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IivN 10 ~a~d MORTGAGEE e rentwal ~herrof. ~oge!hei with a rece~~H tor the prnmium of suth ~@11FNdi~ a:~d tl~ere sheil be no f~rr ~r wind~~urm In~waix•
pl~ced pn •ny o( ~s]d bu~tda~gs, any in~erest lhere+n or part tF~erecf, unless in the tonn arW wnh ~he lost pay..b~e as aforesaid; and in ~he evtnt a~y sum
of money becomas pa~able ~ndrr s~ch pulicy cu pel,~~es io~J .Y,URTGAGEE ah;~~ h,ve the op~~o~ io recei.•_ :,nd ep~:~y ths sa+ue on eaov:~t o( the indeb~ed- ~
nr~s ?rc~red he~eby a fo pcrmit said 1AORTGAGORS to ~ecr~.e and use i1 or a+i~ part tl:..cof fcr o;~~~:r µ~rl,~ti~s, :.~i~.~;,.t th:~avr ti~~iv~-~3 0~ unp:ir-
inp any equity, Gen or righl ~nder a by viitue o~ H~;s mortgeqe; and ~n t!ic eient said MORT(;AGURS shatl Eor any reason fai! to keep the said premiut so
insu~rd, or feil ro dal~ra~ prQmptly any oF sa:J po6cies oi insurance ~o sa~d MGRiGAGEE, or fd~~ p:~~my~~y to F.ay f~l.,, any p:e~~~~.,rn therrfor w in any
r~ipect fsil 1o pcrfwm, J~scha~ye, eXec~re, eE4ct, canptetr, comply wi~h a~tid abid~ by ~h~s co.e~»nt, o~ any part hereoi. said MvRTGAGEE may piue and ~
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pay fw suth insu.unce or any part thereof withoul warvu~g or affruing any op!ion, lien, eqwiy, or nghl under or by vi~tue of this ldor!gafle, ~nd the
full a~nounl of eech and every such payment shall be ~m~ned~ately dve enj payab~e a~.J sha11 buar interes~ from ~h~ date thareof ~n~il poid at th~ rale ol
nine per cenrum per annwn and to~~th~•r v~nh sucF. ~u~erest snal~ !,e s~•currd by the t~zn of thia murtgaya.
1. To pcrmit, co~r.mit w s~ffer no waste; impairm.~nt or deirr:orai.on of sa~d propeny w any part theraof.
S. To pay all and singutar the cos~s, charges ar,d rx~;e,~ses, ~ncl~d~:~g a~ea.a~ab'e a~rorney's fee and cosn of abstrads oi t~~Sa, incurred w paid a~
any t~me by said MORTGAGfE, becauae a in the event ot ~ha fa~.~.e un ~he ~mi of ~he said MORTGAGOR to duiy, pranatly ar+d fully perform, d~uharg~.
eaecvte, effett, comptete, cumply w~th and ab:.ie by each end ~ve.y ~he st~pulat~ons, agreen~enrs, condit,ons, and co~enants oi aaid piomissory note ind Ihis
matyage any or e~~her, end sud co~ts, charges and exprnsss, each and eve~y, shafl be immediatrly due and payabie; whether or not the~e be nouce e~
mand, attempt to col~ett or suit pendingj ~nd the full amouni of ca:h and ivcry s~ch pa.mem shell beer entcrost Irom the date ~hereof until paid at the
rate of ni~ie pet crnt~rr. p~r on:~,,.n; cnd al! soid cos's. .ha~~as a~td es;:~•;~ses incair~d or ~ald, fogett~ar .vdh s~th in~errst, sF~all be teCured by the lien o} this
mwtgage.
6. That (a) in the eveM o( any brrach of thia N4or~yaga or defn~:t on the p~rt oi the h10RiGavOR, or ;b) ih the event any of sa:d sums of money
herein reie~ced ta ba nol pranpily and iully pa~d within th~rty ~3G; days nex~ a!TC•r the ssme sc+era:fy become due ar.d payable, .without demsnd ar notite,
or in the event each and evrry ~F~e atipula:ions, a~ree:nents, co~~u~t~ons ar.d covenonts of sa.d prom~iso: y note and ~h~s mor?gage any or ei~her are not
~u}y, pranp~ly and lully perfonned, d.scha~yrd, exrcu~ed. eifectrd. complered, co~:~pt~ed w~~h and ah~deJ by, t~en in e~~he~ w any such event ~he said ag
gregate sum menrioned in said promisswy nore then r~rna~ning unpafd, with ~nTe~r;t accrued, and all mone~s secwed hereby, shall becume d~e and pay-
abie forthwirh, w thereafter, at the option of sa~d MORTGAGEE, as f~~ly ar,d compiete~y a~ it a:i of the sa~d aums of money were or~ginaily si~puiated
~o be pald on such day, anyth~ng in sa.d prom~ssory note cr in tb~s 'Aortgage ~o the con~rary no~withstandiny; and ?h~veupon or thereatf~r at tfie optio~ of
said MORTGAGEE, witFwut not~ce a dernand, suit al iaw w in equny, ehe~efore w thereai~er brg~n:, may be prosscuted a~ if ~II moneyt sKUied hNeby
had mawred pnor to ~rs institvt~on.
7. That in !he event tha? at the beyinn~ng of or at any tin,e :.end~~~g any svt upon rh~s Mo•tgaye, or !o for~dose it, w fo re(orm it, or to enforce
payment of any tiaims he~cunder, said MORTGAGEE sF,all ap;;!~ to the Ccurt ha~i•:~ junsd.n~o:~ thr~~wf for fhe appo~ntment of s Receiver, suth Court shall
(wthwith appoint a rece~ver ot said mortgaged propaerty ali and si.iy,;tar, in:i~,d~ng ai! a~~d s~ng~!ar ~he ir.corw~l{~roMs, issues snd reveoues (rom whatever
source derived, each an~ every of which, it be~ng exprESSly unde~s~oed, is 6ereb~ n.cnya~ed as if spec~f,caity set~onK'and d-suibed in the granting and
habendum dawes hereof, a:,d such Recei~er shaN have aU the br~ad and effec~:.e fvr.u cr~s an~ po.vers in anyv.,se em~ustea by a Ca~~t to a Recniver, •nd
such appointment shall be made oy wch Caun as an ad~nirted eqviiy and a maner af abso ~te r;yht to said A10kiGAGEE, and without refercn:e 1o the
adeqvacy o+ inadrq~acy o( the value o1 the property mortgaged or to the so.vency er in;Wrercy uf sa~d MORiGAGOR ev 1he defendanfs, and thst such
•en~s, prof«s, ~ncane, iuexs and revenuss sAaH be a~:~ed by such Receivei ecco:d~ng to Ihe lien or equity of u~d MORTGAGEE and the practite of such
Court.
8. To dv!y, Frcmpr!y and fully perfo~m, discharge, exec~te, effect, comp:ere, c«nply w~th and atide by each end e•~ery the stipu~aKons, agreements, s
conditions and ccvenar,ts in aa~d prwniseory note and th~s mortgage set for~h. i
9. That m the evem the ov.r,~rshi of th- mort- a ed re~r~~ses, or ar. ~
P ~ g ~ y pars the.cof, becomes vested in a perwn other than the MORTGAGOR, tha
MORTGAGEE, i~s su:cessora and assiqns, may, wi~hou~ rro~ice to ~ne MORTGApR, Jeal v~irh such successw a succe;so~ in interest wi~h refe.e~ce to thie
mwigage and rhe deoi hereby secured in the sama ma::nrr as whh Mortgjgo~ w~rho~t in ar.y way vitiating w d~scharging the N1o.fgagori tiability herr
under w upon the dzht hereby sec~r•~d No sale of ~t,e p~em~ses hz:eby morrg;ged ar:d no iorbeara+:ce on the part of the MORiGAGEE or itt wttessors ;
or ass~gns and no eare~von of the r:me for the pay~rer,t ot the riebi h-~rehy :ec~red gi~en by the l~lOR1GA.,EE or its wccessors w assigns, shail operate
ro re+erae, d~scharge, r..od~fy checge o. affect ~he oreg,~„t_:;au~t~t~ of ~he NO4iGAGOR here~=i, eirher in v.hoie a in par~.
10_ It is spec~iicaly agreed fhat time is of the essence of t1~~s conrraci a~d that no waiver o( any obiigat~on hereunder o~ of the obligation st :
cured hereby ahafl at any time thzreafter be hctd to be a w~~.er of ti~e tenns hereor ot oi the inti[umenl scKUred herby.
: 1. 1~~ add:~;c~ to the fe.ege nq munTh'y paym~nn o} pnnc pai and ~n~r~est requ~rcd by the pro:r. sscry no!e secured hereb•~, mort~agar tovenants
and agrees tu pay :o n.o-ryagee v.ith each momMy pa~n.e~,~ an add.~wr.al sum est~~•eted by mo~tgagre to tx equa! ep i%12 oi the annual cost of the follow-
iny:
A-Aft real property taxes lened o~ asse:se~ aga~~st tnr o~o.e tlezvib~d ~rat esta!e. /I,
i,
, 6-Pr:>n.~u+ns on fire ar.d w:i~eistorm ~nsvra~ce as here~n reyu~red to be ca:r~~d on tne ~m;~roreme:its s~tuate on tha above dMcribefl~p~e~itef ` •~i~
C-Premiums on wch mort3::ge yva~anty inS~~aeCf as mortgagee shail frc:r t:me to tim~~ deer» fit to tarry on the loan secur,~d~re6 '.•3 '
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, Mor!qagee sha~l frem r~rne to t~:ne r.~tify mert,ayer :n i.r:cfng of the a~-~~~t d_e and payable hereur.der and such sum sh~Tl jheclupo~~pC,dye~~ '
Fayable on thc d~e da:~ e4 ~he n?.t mor.rh:y p=y~,-~nt z•:d ea:h success~~e mo~:th rhereafr~r ~r.til mortgagee shall not;fy mort p~
~ amount. $uch w~ns shalf be applird by morry~yer ro:l~rd ti~e pa~men! uf rcal ar~pe~fy ~ares, insura~ue prem~~ms, and m~: ~~t~nsyr _
' prPmiums. C
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i tN l'~IT~~E55 VI+HEREOf, rne sa~d ~,AORTGAGCR has herevnt and seal the da arx! yeer first afcresa' ~ =
f - Siyned. Seal~ an ' r ' the presenc of.FILEO RMR ~~~+~b~ R~ •
i St. LUC,c GOiiNTY flA. ~
' - ' FOGE~ F31tRAS ' Y: . `
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~ c~EP~ ~:~+;,U~t couat
~ --`~---~E; `~^r^~ Vr~ f;E~ A EST: a4
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~ STATE OF FLORIDA COUNTY OF ST. LUCIE i~~~ ~
I HEREBY CERTIFY, That on this -~day of____ March , A.D. 19 76 ~
before me personally appeared C. John Rexf ord and R icha rd G. Madsen
respectively its President and _ its _~retary ,,~f
~ Re~ord & IN~r~~o.+ Ruilderz., T~~-_, a Florida Corporation, to me ~
~ known to be the persons described in and who executed the foregoing instrument, and severally acknowledged the exe- -
cution thereof to be their free act and deed as such officers for the uses and purso~~''tl~jerein mentioned; and that they
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~ affixed thereto the offic+al seal of said corporation, and the said instrumeq}4,fi~.t~?••Att•:aha ~deed of said corporation.
~ ~ -'i~`•'~-' ~ = ~ ~ i
~ WITNESS my hand and official seal at Fort Pierce _ St . Luc ' _~7~~~p''~~~.~~j;sl5te,
This instrument prepared by _ ' _
~ Gary F. Bll~vood - }
~ First Federal Savings and Loan ' ~ '
~ Notary P ,ii~f ~t~t ar?d;Count~ aforesaid.
~ AssOCiation of Fott Pierce, Fla. My Commis ,`.~~qin~~~?+,'S':r~"i'^'F' ^'~a ,~,t~'Qr
f rv3r^,; ~ e ~o;a '
~ scn~~~nt-r;t3'c~- , ~~~e~a~v~~+[~3 i
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~ Checked By ~
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~ . . ~ ~ r t ~c~ F11Gf ~
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