HomeMy WebLinkAbout0974 3. To pface and cuntinvously keep on the bu~:d:ngti now w herra.'rer eit~ste on feid I~ntJ a~d on atl eqvip~neet ~nd ptnonally tover~d by thit morl¢
~p~, with dl pramiums fharcon pa~d in full, f~re inf~r,ince ~he ~s~~l ftsndsrd potiq tam, in • ium •pprov~d by tM MORiGAGEE, and w~nd~twm
insurar.te in the uswl ~tandard pol~cy fo~m, in a sum •yproved by ihe MORTGAGfE, in wcfi ca~pany o~ tompani~f a1 ~M MORTGAGEE e*Ny , i
direct~ ~nd all tir~ and w~nd~torm inavronce pobues on •ny of said b,ild~rps, any interpl thaein or part therwl, in IM +Qq~c~ats sum ~for~uid w
In ~xceis thereof, ~hall to~iain ~M uival ~ta~~da~d marga~ea c~aui~ w su~h orher claui~ as ~M Mortyag~e mey rsquv~, nukinp tM 1oi~ ur~ ~~~d poli~ i,:~
ci~~. each and every. paYabte ~o said MORiGAGEE ~ts iroerest may appear, and each arx! every svch poi~cy shall be promptly a~~.yn~d aod deliv~r~d ~o
~ny held by ~a~d MORiGAGEE ss funha~ secu~ity to uid rnortpage deb~, and, no~ leu than ten (101 d~ys in advance o~ tM expir~t~on of each polity, to d~-
(iver to taid MORTG4GEE a renewal thereol, toge~h~r with a receipt (or the p~ernium of such renewal; and Iho~• ihall bt no fu~ or wind~torm iniunnt~ °
pl~cad on any of ss~d bu~~du,g~,_any intrrest thero~n or par~ ehereof, unless in +M form and wifh th~ loss payablt as aforeiaids ~~d in the ~vent any sum
of mon~y becomes payable u~der such polity a pol~ciss ~aid h10RiGAvEE •hall have ihe opt~on ~o ~ecaive end ~pply Ih~ tam~ on ~ccount ot rh~ ind~b~ed-
n~u ieturea hareby w to permit uid MORiGAG.7R5 io recrivs end ua~ il a•ny parl ~hereoi for uther purposet, wi~heut thereb/ waivi~iy or ~mpai~- '
inq ~ny equ~ty, f~en a rigM uoder w by virtue of Ihis mo:eyape; and in IF+e ~ven1 sa:d MORTGAGORS ~hall }a any rta~on fsil fo ke~p the s~id premises w
inivre~, or fail to drliver prort:ptly any of said pol~ues of insurenc~ lo taid MORTGAGEE, or (eit promptly to pay fully any premium ther~fw w in a~y ~
respect I~il fo pe.lam, d~acharge, execues, effect, complets, comply with snd ab+cle by thii covanent, or ~ny part hsrwf, said MQRTGAGEE may place ~nd
pay (a such inturance or any part thereof w~~hout watving w•ffectirq any opt~on, tien, eqvity, or rigM unde~ or by virtw of this Mat9aqe, and tht -
full ~mount of each and eve~y such payment shall be ~minediately due •nd payabls •nd shall bear interesl from tM date ?hereof un1i1 paid ~f ~he san oi
nin~ ~xr centum per annum arxl tcge~her w~th such interest shali be secured by the lien of this mort9age.
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To permit. commit or suf(er no waste, impaimxnt c: ~eterbration of said property w any parl the?eof. ~
5. To pay all and sinpulu the cos~~, charges arsd expenses, ~ncluding a reasonabte ~~twney's fe~ and co~ti of abstratls of fitl~, int~rr~d or paid at
any time by uid MORiGAG£E, becauss or in ~hs event of the fa~lure on ~?+e part of the said MORTGAGOR to duly, promptty ~nd fully ps~form, d~uhsrqR
~xecute, effec~, completa, comply with and a~:de by each and eve.y the stipvlat~o~s, agreements, conJ~i~.~u, and oov~nants oF aaFd promiuory noq ~nd ~his
mptga~e +ny or ei~her, and said costs, charges and ~xpenses, each and every, ihall bt immediately d~e and payab?e; wFxtMr w nor there b~ notics ds
ma~d, stternp+ to cotiett a suit pend~ng; and the fuli amount of each and every such paymenl shall bcar interest (rom the date thsreot until paid N tht
rate of nine per ceotum per snnum; and all said costs, charges and expenses inturred w paid, together w~th wth im~re~t, shalt bt a~cured by th~ li~n of this
mortpaps.
6. That (s) in the e~a+t of any breach of this Mortgag~ or defau~t on the pa~t of the MORTGAGOR, or (b) in ths event •ny of s+id tums of money
herein ~eferred Io be not promptly and (ully paid within thirfy (3J) days next afrer the same severally become due and paya6!e, without demand or notite,
w(c) in the event each and every ~he sfipulations, agrecments, co~di+~ons and COvQMnt~ of sa~d promissay note ~nd th~i matpay~ any a ei~her ~re nol
~uty. promptly and fully periwmed, d~uharged, executed. effected. completed, compiied with and abided by, tMn in either or any ~~ch ~vtnt t}» said
greg~te sum ment~oned in uid promissory nore ~hen ren,aining unpaid, with interest accrued, and all moneys secured hereby, shall batome dw and pay~
•b!e forthwith, or ~hereafter, at the opf~o~ of sa~d MORTGAGEE, as iully ar.d comple~ety as if all oi ~he said sums of mon~y were aiginally tHpulafed
to be paid on such day, anything in sa:d pramisswy note or in this Mortgage to the contrary notwirhstanding; end thereupon w thereaife? at Ihe opt~o~ of
t~id 71AORTGAGEE, without notice o~ demand, fuit at !aw or in equ~ty, therefore or thereafter begun, may bt prosecuted as if all rraney~ iecvred hereby
had maW~ed pt~ar to ds institubon.
7. That in the event that n the beginn:ng oi or at any tir.~e pend~ng ~ny su~t upon this Nlortgage, or to faeclose N, w to refwm It, or fo enfwu
paymenl of any clsima hareunder, said MORTGAGEE shal: apply to the Covrt having jurisd~c~ion thereot fot the sppointmtnt of a Rateive?, wch Courf aMll
fwthrvith appoint a rcceiver of said mortgaged property all and singular, i~clud~ng all and s~ngulu the intome, profits, bsuy and reve~ues from whatever
sourts de~ived, each and every of which, it being expressly underitood, is hercby mortgagcd as if sptcificafly set forth and deuribed in ths ~ra~tir~ and
habendum clauses hereof, and such Rece~ver ahall have •Ii the broad and efiective funct~ons and powers in anywise eMiusted by a Cou~f to ~ Receiver, and
~uch appointc~ent sha11 be made by such Court es an admitted equity and a maner of absolute r~ght to said M(3RT(iAGEE, ~nd witFw~t ?efcrente to the
adequacy w insdequacy of the valve of the property mortgaqed or to the sover~cy or insotvency of said MORTGAGOR or the dtfandanti, and Ihat such
.ents, profits, income, issues and revenues shall be spplied by such Reteiver according ~o the lien or equity of iaid MORTGAGEE and the practic~ of such
CouA.
8. To duly, promptly and fulty perform, discharge, execute, eifcct, compleie, comply w~rh and abide by each and every :he stipulations. agreemenri,
condilqns a~d covenants ~n sa~d promiseory note and this mwtgage set fwth.
9. Thet in the event the ownersh~p of the mortgaged premises, or any parf thereof, becomes vested in a person other than ti~e MORTGAGOR, tM
MORTGAGEE, its auccesion a~d as~igns. may, without notece to the MORTGAOR, dcal with s~ch succeasor w successa i~ interest witF~ refe~ence 1o this
mwtgage +nd the debt hereby secured in the same manner as with Mortgagw w~thout, in a~y way vitiating or d~scharging the Mwtyagors' lisbility hert
under or upon the debt hereby secured. No sate of the Fremises hzreby mo~tgaged and no fo.bearsncr on the part o( the MORTGAGEE w it~ successon
or assgnt and no e:tension of fhe time fw ?he paymcnt of rhe debt hercby secu.ed 9iven by tlx MORTGAGEE w its aucussws or auigns, ~hall operate
to release, d~scharge, modify change or affed the oriy~nal liao~l~ty of the MORTGAGOR herein, either in whole w in part.
i0. It is apeuiicallp agreed +hat tinx is of the esunce of this contratt and that no waiver of any obligatan hereunder w of the obligatan se-
cured Feereby aha!1 at any time thereafter be held to be a waiver of tfie terms hereaf or oi ihe ir,strument secured herby.
11. In add:+~on to the fGrego ng monih!y paym.ents of princ paI and Interesr rcqvhe~d by the prom~ssory ra~e secured hercby, mortgagor covenants
and agrees to pay to mortgagce w~th ~ech monthly payrnent an aod~ricnal sum rstin,ated by mortgagee to be equal to 1 j 12 of the annual cost of the follow-
ing:
A-All real property taxez lev~ed o~ assessed aga~~st the above described real estate.
B-Prem~ums on fue and wind~torm insurar.ce as here~n requ;red to be ca~ried on the improv~ments sit~ate on the pbove described premises.
C-Premiu:r+s on svch mongage guaranty ir.sirance as mo~tgagee shall from rme to time deem fit to carry on the brn secured hereby.
Nbrtgagee shafi from rime to hrne no~ify mortgagor m writing of the amoum due and peyable fiereunder aod such sum shall thereupon be dve and
~ paysble ori the due date of thb next monthly paymnnt,a~xl each succeuive montA'thereafter ur,til mwtgsgee afiall notify mort~ayor of s chang~ in such
amount. Such sums sNall be applied by mortgagee toward the payment of real p~operty taxes, insurance prem:ums, a~d mortgage gvaranty insurance
~ premiums.
i IN WITNE55 NHEREOF, the said b10RTGAGOR has hereunto set his hand snd seal the day and year first afaesaid.
SiQned, Sealed and delivered in the presence of: ~
f~~~~ ali.' °•ECU~DfO • _
C0~l~{TY flA• ea
~ . , it.~-v~':_ jF~S Ruth G. Pa er, a narried a~~t
R~G~'--r`.IT COURT
~ - r~c.~ • ~4
: , ~ ~T",~,;, vF- c:f0
~
~ STATE OF FLORIDA I ~ 2g pM'~ ~
~ 33(3~~:3,i
~ ~oU?~ ~ St . Lucie ~
~ s~ro.e ~~no~any appeared Ruth G. Palner. a mazried adult
~ ~ia~if~ to me well knawn a~d known to ms to b~
the individual descr~bed in end who executed the fwegoing instrument, end acknowledged before me thaf5 he executed the same {w the pwposes
~ ~herein expressed. AarL Iiw -
~iit ~t ~M s+~d~
uperr+'~epNS+e~+d priv~e~
~ es~aiin~tio4 ~q? ay ia~~?.rpa~b.+~L ap+ra L~ i~s sai~ I~us~+4d? a~kwowkig~i b.ani isforr rw~ IMf ~I~s-wawt~tL wir~KlruwKiw ~fr~~iy. arni nrdw~
~ -rw~l~ranr~.riei~asrw~~ee.npdaion-eo++s++afn?-appreF+ensteir,~rMrof~rirortrhrrsrhMtosDsnd-
~ WITNESS my hand and officiat sesl this day of M~ZCh A. D. 19 76
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# Notary Public in a~d for t tate of Flwida at larye
# My Commisiron e~cpires:
~ Retum To: . - / O - 3 0 '
First Federal Sevings a loan Associat:on
~ Of Fort P:c~ce.
; Fort Pierce, flori:a .:~~~s~:t:.,
8 1' r 'j,•~~
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~ This Instrument Prepared ByJ. H. Robeits Jr. " w ,
~ First Federal Savings 8 Loan Association , ~ ; ; ~ ; _
, ; .
~ of Fort Pierce ~ Florida 33450 ' u
< , j:..fy;
~ Checked By ~ r ~ ~ _ '
~ !;'~~SO PACE ; _-s~~'.; .
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