HomeMy WebLinkAbout0574 To plac~ •nd continwusly keap at ihe bu:?din~f r+ow or Mreaft~r ii~wt~ an aaid ls~d and on all equipm~ro ~nd p~rsonally cov~r~d by thb monp~
p~, wi~h •II premium~ tAereon pa~d ;n full, f~re iniur~nc~ in ~?a vsusl s~ande~d polity fam, in a~um app~ored by ~M MORi~iAGEF, ~nd wirxl~~wm
ln~w~nce in tM uwal ~r~ndard poixy fam, in • ~um ~pproved by ~M MORTGAGEE, in fuch compMy a canpani~s ~s Ihe MORTGAC3EE may
dNectt ~nd ~il tir• ~nd wind~~orm insuranc~ pol~cies on any o/ seid buiW~np~. ~~y inre~~~~ tMr~:n o~ part thwwt, fn t!M ipprepa~~ wm afa~uid w
In ~ac~~s tAereo/, sMl1 contain tM vswl ~~~~dud matpap~e claus~ a iuth o~her cl~us~ +s tM Malpaye~ may ~tquir~, makinp t1» bsi ~nda s~~d poiF
ci~s, ~ach and ~vay, payabte 10 ~tid MORTGAGEE as ~h inte~eit may •pp~ar, •nd eKh ~nd ~very ~uch policy sh~ll b~ p.omptly ~ss.q~+~d snd d~tivN~d W
~nr held by s~id MORTGAGEE furthe~ ~ecurity lo said mw~ya~ debt, and, oo~ Ku ~Me r.~, p0) days in •dw„c• o~ ~M .xpu•~a.~ o~ fKI1 pOI~, fo d~-
Uw~ lo s+id MORiGAGEE ~ rt~ewal ti»reof, toq~th~? with • r~u~p1 ta iM praniwn el ~vch ~~new~t; ~nd ~Mr~ iMll b~ no f~r• or windstorm i~swant~ t;+1
pl~d o~ any of ~aid buildinys, any in~arail th~re~n w part Iher~oF, unleu in tM form and w~th tM !oss payabl~ ~•(w~sa7d~ and in li+~ w~nt any r~n~ , 4'i
of mon~y becomei payabl~ under •~.ch poticy a po~iaes a~id MORTGAGEE ~hall h.v~ tM opt~on to ?eceive ~od apply tM um~ on ~ccoun~ of ~M lndabted
Mu tiecurld FM~tby W to permit said MORTt'aAGORS to ?ete~ve ~nd uw it a any parl thaeof Iw other pwcwse7, without thereb/ waivi~x~ or ~mp~ir- ..d
trg a~r.q~~ry, ~i~n w r~yht under w by vlrtw of Ihis ~,orsp~9~; ~nd in ttw ~vent sa~d MORTGAGORS ~hal1 (w any re+ron fail ro kNp tM s~id pnmisrs w
insund, a fail ro delive~ promptly ~~y ol ia1CI POIK~Q~ of inaw~nc~ ~o sa~d MORTGAGEE. ~ Feil promplly fo µay fu~ty any pr~m~um tMrefw a In ~ny
rt~p~ct Isil a p~xfo~m, d~schu9e, ~xacute, effect, tompt~ta, compJy with ~~d +bid~ b~ th~s co.w+ani, w~ny pa~t herwf; uid MCRTGAGEE m~y p1ac~ •nd .
paY (a suth iMUranc~ a any parl thsrtof w~~hout waivirq w affactirq any option. lia+. equ•ry. a rpht und~r or by virtw oi ~hi~ A+~wt9pt. ~r~d tF~ `
full ~rnwM of tach snd w~ry such paym~m shall be immediately dus +nd payabl~ ~nd shall bear in~~~QSt f?om tM dat~ tl+~reof unril p~id ~t iM ra1~ ot ~r
r++n~ pN ce~wm p~r annum and top~~her wi~h such intere~~ ahali b. secwrd 6y tM li~e~ oi this matyeg~.
4. To permil, tonunit or suffer no waste, imp~irmeM or deterioration oi said prope+ty p~ny part thsreof: Ltw
M
S. To pay all and sinyular the coYts, tMrqH and expa~ses, including a rea~onablo attwney i fN and tostf of abftr~cts of titla, incu?rtd pr paid st ~
any tima by isid MARIGAGEE, because cx in tM e~ent of the failure on fhe psrt of tM taid MORIGAGOR ~o duly, p~omptly ~nd f~tly pNfwm, dischu~. -
sxecuts, at(eet, comptate, comply w~th and ~b~de by esch and every thp atipulations, sgreemants, conditions, snd wv~na~b o~ said promitsory ?ate and tfiin •
mortga~ ~oy q ~i~ha, and said co~ts, charpei and ~xpens~s. each and ~ve~y. shall b~ immediatety due ~nd p~yabl~: whether a npt tMre b~ tweit~ df
mand, •ttemp~ to cotiect or wit_ pend~ng; ~nd tM full amovnt of each •nd evcry ?~ch payment sMll baa~ interos~ (rom ~M dato tMreof unti) paid at the
rote of ~tine per cent~m F,er m~~~um; and •11 said czsts, chsrgea and expenses intwred a pa~d, toyether w~th such interast, sha{I be ~KUred by tle~ 1'ien o1 tlw
mort9+p~. -
b. That (a) in the evont of a~y breach of Ihii 1Nortgage w detault on !he psrt af the MORTGAGOR, or (b) in the wenf any ot ssid swns of moMq
herein ~eferred ~o ba not pramptty and lully paid withi~ ~hi~ty l301 d~ys ne,~~ afr..r the sarn~ sa~sratly becof„e due ~nd payable. wiiho~t dtmand a notip.
or (c) i~ the event exh and every ehe st~pu~anons, agreements, cond~rio~,a and covensnts of srd prom~sso~y not• end th~s mwtpap~ any p silh~r an nol
~uty, promptly and fuiiy performed, d~uharged, executed, effrcted, tompteted, complied wlth and sbided Sy, th~n io eilher w+ny such w~nt tM ~aid
prepat~ sum memaned in seid ptomissory note then remaining ur.paid, with intcres~ aurued, and ati mo~eys setured her~by, sMll become dw ~nd pay~
ebl~ iwthwith, or ~hereafter, N ihs oprion of s:~d MORTGAGEE, ai fvlly ard cwnple~ely as il •I! of the said s~ms of money were ai9i~alty slip~lated
ro be pa~d on such day, anything in su:d promissory note w in th~s Matgase to ~he contrary ~o~withstand~ng; snd thereupan w thereahe~ at tM option of
•e;d MORTGAGEE, without nocice w demand, suit at iaw a in puity, therefae w therealfer b~gun, may be prosacuted ss :f all mor»y~ secvr~d hasby
had matured p~~w to ~ts inst~t.,~eon.
ihat in the event that at ~he bcginn~ng of or et any tirru~ pending any auit upa? thh Mortgags, or to fweclo~e it, or to refwm it, w fo enforc~
payrtxnt of ~ny claims hereunder, ss+d MORTGAGEE shall apply to the Covrt ha+i~ ~wiadid:on ~hercwi ior the ippointmenl of a Reteivar, such Cowt aMll
iorthwith appcJnt a receivet of said mortgaged property al! and tingula~, irxlud~ng etl and sinqelar the incoms, p?ofifs, hsWS u+d r~venues frOm whatw~?
source derived, each and every of wh~c1+, if t,einp expres?ly unde~atood, is hereby mo~tgaged u if spec~ficelly sef fath ~nd d~tcribed it~ tM yrantinp and
habendum ctauses herrof, and svch Receiver shall have all the boad and cffect~ve funct~ons and powen in ~nyw~se entruated by a Court fo ~ Receiver, ~nd
s~ch sppointment shafl be made by s~,ch Co„rt as a~ adrnittcd equity ersd a nw~rer of sbsolute r~g1+t to s~id NIQRTGAGEE, a~nd without re(ertnte to t!r
edequacy a insdeq~acy of the vaiue of fhe property mor~gaged or te the so,ve+xy or ~r,ioiverxy of said M~RTGAGOR or the defendants, and that such
renrs, prof~ts, inc«rn, issues and revenues shail be appi~ed by tuth ~eceiver accardMg Io the tier. or equity of ~aid MORTGAGEE and the pract~ce of wct~
C~urt.
8. To duty, promptty and fulfy perform, d+"scha~ye, executs, effect, complete, tompty with and abide by eath and every the stipulations, sgreemenri,
conditions a~x! wvenanrs ~n sa~d pramissory note and this mortgage set forlh.
~ 9. That in the even! the owne~ship of the mortgaQed prem~ses, w sny parf thereof, becomes vested in a perfon otFxr than the MORiGAGOR, th~
MQRTGAGEE, its succeuws and as~igns,'may, wnhout nonce fo ~ne MORiGaOR, d~a! with wcb wccessor or successor in interest with refcrence ro thif
mo,tgsge ~nd the debt he~eby secured in ti~ tame manner as wnh 1ltortgagor without in any way vitialing or d+schar97rg tht l4ortqagory' Iiability her~-
under or upon the debt he!eby sec~recl. No saie ef the prem~ses hereby mo.tgaged and ~o {ubearance on the part of ~he NtORiCaAGEE or itf succeuas
or suigns and no extensio~ of i!u t~me for the payrnent of the deb~ Mreby secured g~ven by the MORTGAGEE o~ its successcxs o~ ~ssiyns, ?hall operat~
to rrtease, d.scFwrye, modify change or affect the or~g,nal tiao~lit~ of the MORTGl.GOR hereiri, either in whole w in put.
10. li is spec~ficjily sgreed rhat rime is of the esse~ce of this contract and h'wt no waive? of any obl~gation herevnder or of tht oblgafion st-
cured hereby ah~ll at eny time thereafter be held Io be a v~a~ver o( the terms hereof or .oi the instrument tecured herby.
i 11. tn add tio~ to the fwego:~.g moalhly paymants of princ pal and interes~ required by the promissory note stcwed bereby, morfgsgor coveoanfs
and agre~s to pay 'to mo:tgagee w=th each men+h~y pay~c-m an add~tio~al sum esr~~:ated by mortga9ee to be eq~al to 1/12 of the annual cost of the fdFow-
i +ng: '
E A-All ~ea) prope~ty taxes lev~ed d assessed ayeinst thc above d~scr:bed real estate.
j B-Premf~ms on f~re and v~inditorm msu:a-ce as he~c~n requ.red to be carned o~ the ~mproveme~ts s~tuate on fhe above described premisea.
~ C-Prem;ums on such mortgage goarar.~y ~nsurar,~e as mortgagee shal! f.om. t me ro Ume deem fil to carry on the ban secured hereby.
~
Mort~agee shall ~rcm time to rime ~or~fy mortgagor in wrifing of the amount due and peyable hereun~er and such sum shal) thereupon be due and
;.ayabte on the due date of the ne~r month:y paym2nt and each succes:~ve month ~hereafter until rtwxfgagee shall rah(y mortgsyor of a cb~nye in such
amount. 5uch wms sFall be epp~ied by mwtyegee toward tF~e paymen! of rea! property taaes, insurance prem:ums, and mortgaye guaranfy insvrance
p~emi~ms.
j - IN WITNESS WHEREOf, the sa~d MORTGAGOR has hereunto set his hand and seal the day artd year firat sforesaid. I
Siyned, Sealed and de~ivered in the presence of: .
f
i _ y>~• ~~'.~/~.~,C- -:it~.C/ Ja:?fp ' 4
~ ' : fel.~L t'~. -;'H'~ ~l Y . ut ler
st tli.•= .~P,1~5
",Gf~. ~ c r„ ; ~ ~ c ~
~ j ,%er~` ~ ~:F?/. ~iT C y~T 1~~at1T1QY (SuQ -
~ ^c • : • ~ t
STATE OF FIORIDA ~ ~ ~ ~f Ot ~ f
~ . ~ Y
COUNTY OF • 1 ~
st `""~i e ~334559 ~
Jerr B. Gautier '
Before ms penonalty appeared _ y ~
Rita GdlttlQt hia wife, to ma well knawn ~nd krwwn to me to be '
~ ths individwls dewibed in and wfio executed the fore9oing in~trument.- and scknowledged before me SMt they execvted the ssme fw ths pwpotes ~
therei~ expressed. And the said_ Rlta Gautier
~ wHe 8f the uid Jer r y B. :a~ u t i E+r upon e tepa.ate and priv~ts ~
~ ex~mination by me taken separate and epart from her said husband, acknowledged to and before me thal she exet~ted said inatrument fre~ly and volw~- t
~ tarily and without any compuision, constraint, apprehens;on, or fesr of or from 1xr said husband. ' }
~ ~
~ WITNESS my hund and official seat th~s_ ~_-r~"' day of p, ~g 76 !
~ ' ~ ' ?
~ Notary Public in and fw the State fbrida lar~e ~
~ . My Comm~ssion txpires: l F
Ret~rn To: j /
~ First Federel Savings R loan Asiociat.on I~.,~ ~
~ 1`~
~ Of Forf P erce
~ Fort P~?rtt, Fbr~da ~
~ , . . f '
~ . ~ . + ~ . i . ~ . '
~
~ " ; ' y~vr'
~ This Instrument Prepared By ponald E~ Hu hes ~
~ First Federaf Savings & Loan Associafion ~ - ~ ~ ~ .',`,;~I
~ • x : ' .
~ _ of Fort Pierce Flor ida . ' :
~ ~ n; 25~ rnc~ 574 ~
~ CheCked By ~ _ F . . ~c
. ~j ; a