HomeMy WebLinkAbout0730 3. To p~ate n~~d eo:~~:nuo.~sr,r krep on •F.e ~l: :~s nuw or t:c~reftrr s~t~~~a on te+d ~snd and on a1! cy.:ip~nent a~,d panon~lly covered by this rnw~¢
~y~, wi~h all pre~l~u~ns thcrean pa d~n f~!i, f~re u~s.•~a~~ce ~~e ~s~•~~ ~r~~xlo~d pot~c~ torm, in a wm eHp~o~rJ by ~he MuRiGAGEE, •nd winditorm
i~surance in ths usval ~tanJe~d pu:.cy lor~n, in a wm a~~+u.rd by ihe MURTGAGEE, in wch tomp~ny or comp~nies u ~M MORTGAGEE may
di~ett; ~nd all (ire and w~ndawrm ~ni~rance puLues on any of ~e:d bu~~d~nys. •ny iroer~~t 1he~ein or p~rt fherool, in tht ~99~ege~e su~* •fa~~aid ot .
1~ ~xces~ the•col, shslt ca~tain ~he ~wal sra~tiua~d ~i,u~rgagae c~ause or such o~Fur cfa~se •s ~he Mo~fyeyee m~y reyu~r~, ma?iry the loii unda i~~d pol~
tin, euh •nd every, payab'e ro said A~ORTGAGEE ~h interest rnoy ap~~aar, •nd each end every such pot~c/ ~hall be promptly •~s.g~~ed and delive?ed ~O "
~ny haW by sa~d MORiGAGEE as fv~~her security to sa~d ~~~:x~ga~• .~ebt, and, no~ less than ten (70) davs in aflvJ~1CC o1 the expu~t~on of e+ch polity, to d~- ,
livt~ to ssid MORiGAGEE a~t~exal thcreof, ~o}~e~her wuh a rece~pt tw ~he pre~»~um of such renervel; and ~~ere st~~ll be no f~ra or winduo~m insur~nc~
pl~ced on any of sa~u bu~idtngs, any in~e~cit there~n or µs~t ~hercof. ~nlrsf ln ~he fo~m and w~in tha loss payebie as alwes~id; and in tht ev~nt any wm
of money 6rcom~s payable under such ~wlicy or pc+:~~e+ se~d MORiGAGEE ehall have ~he op+~on ta rec~~ve and e~ply the s~~ne on acco~N~yt th~ indeb~ed-
ne» secared hereby w ro perm~t said tAORiGAGORS ro recc~.•r a~~d use it or an~ ~•art ~Ar~ooF fo• ca~~cr Hu+pcsra. ~v~~h,~t ih u/ wa~v~,~g o~ ~mpa~r•
iny any equ~ty, lien w r~yh~ under or by virt~e of thii mo~~yage; snd ~n Ihe even~ sa~d A10RfGAGOR$ sha!I iur soy reaton lail ro keep the t~id pr~mises w.
insured, w}ail Io drl~~e~ p~wnptiy ~ny of s.++d pol:ues o1 insur~nca to ta~d MURIGAGEE, w fa~t promptly ~o pay luNy any premivm therefor pr in ~ny • •
respect fai! to parform, d~icharge, execvte, effCd, ct.cnplete, comply wirh and sb~de by thia covanan~, a anr part hareoE, sa~d MORTGAGEE rruy pbce ~~d .
pay fw tuch infuronce u~ eny parl tF,ertof wnhoul w~iviry w atfectir~g any op~ia~, 6en, equ~ty, or ngM under or by virtue o( thif Mortyape, and iht ' .
full amount ol exh and every w~h papmrnt shall be ~mmed~attly due b:~d p;.yable and shs~l bear interes~ f~om th~ datt theteof umil p~id al the rab ol
nine per cen~um per annu~~ and tu3ett~r: ~r.ieh wch ~iiter~st thail Ue s~wrrd by the ~~en o~ lhis mortgsge.
1. To permit, commit er s~ffer no wasta, impa~rment or d~ter~orasio~ of sa~d property w a»y part thereof.
S. To pay all and s~ng~iar the cosrs, chargaf and exNensea: in~~~d~n~ a~easonabte atiorney's ~ee and costs of abst~atls o( title, incurred o~ paid at
any tirne by said MORIGAGEE, bcca~se c~ in the event of the fa;lurc on thc pan of the said MORTGAGOR ta d~ly, pra~nptly and fully parlorm, dixharqe~
exec.,te, effect, canplere, comply w~th and a6.de by each and every thr st~pulanons, egre.~ments, cond~t~ons, and covenants of said pramicso?y not~ a~ thit
marrgafle any a e~~her, and sa~J cos~s, charges end eape~se~, each and every, shsll be immed~a~ely dve and payabie; whether w ~ot ther• be natica de
mand, attempl to coUect w suit pe~~d~ng; and the fuli a~nount o! rach and every avch peymrnt ihall bear interost from the dats ~Mreot until paid at th~
rate of nine per crntum ~:ar a~r.w:n; a~::t al~ said wsn, charges end exr~r:se~ ~~xunrd w pa~d, together wnh tuch intereat, shall be aetured by the lien of thit
mort~aga.
6. That (e) in the svent oi any brcach of th~s Mo~~yage or defau!t on the part oi the A10RTGAG~R, or (b) in the eveM ~ny oi u~d sumi o~ ewoey
harein re4er~ed to ba not Fro,nptly and futiy pa~d w~~h~n th~~ty ~30) deya nent aner the same se.-e~al:y becane due and payablt, w~~hout demand or notite,
or (c) i~ ~he event each and ave~y ~he stip~iac~e~s, agr~~me~~ts, ccnci~o~o:~s a~d covenants o! sa~d promisso~y ru~te and th;s mortgape any or e~thar are no1
~uly, promptly artd fully performed, d,schaaged, exewted, elfecred, completed, compLed w~th and ab~ded 5y, the~ in dther a any iuch eveN 11w said ag
gregate sum memioned in said pranisaory note thrn remaineng ~npa~d, w~th interrst atcrued, and all moneys setured he~eby, shall becom~ dw sad p~y-
able forthwith, o~ thereaf~er, af the oprion o( sa~d MORiGAGEE, as f~ily arw~! ccmp~ereiy as if aii c( tl~r sa~d sum: oF money were diginally ttipulated
to he paid o~ such day, anylh~ng in sa.d µronnssory note or in 2hn 1do•tgage ?o the co:+~rary not.~;~thstandn~g; aod t~reupon w ihereafte~ ~t the option of
said MORTGAGEE, wirhout nor~ce w demand, su~t at taw or in eywty, ~he~ef~;e or ~hrreafrer bey~n, may t>e {uosecuted a~ if all moneys tec~red hereby
had matwed pnor to ds ms~ituhwt. -
7. That in the event ~hat at the beginmrtg of or at anl f:me pe~d~cg any su~t ~Fcn tkis Mor~gage, or to forettose N, w to rcform i1, a to enfwq
paymenf of arty daims he~tunder, sa~d MORT(',AGFE nhall epa~y to the Cowt ha~~:~g ~~n~d.c~~~n fhereaf iw the appo~ntmero of ~ Rece~ver, such Court shall
iwthwith appoint a~ecei„er oi said mo.tgaged ~operty al1 and singu:ar, in:l;xl,~ ail and s~ngular the iruonte, profds, issves +nd ~ev~n~es lrom whatever
source drrived, each and every of whkh, it be~ng ezpressly unders~eod, is her,by mor.gagrd as if spec~ficaily srt forth and dewibed in the yraroin9 and
habendum dauses he:eoi, and such Recei~er shati hare et~ ~ie~ broad a~.d efiect~ve funcf.cns and po~vers i~ a~ywiae entrusted by a Courl fo • Receiver, and
s~ch appointment shall be made by svth Couf1 as an admined equ~ty and a ma»er of abs~~ute r~~ht to sa~d MOStiGAGEE, ~ad wirhou~ refereote to tM
adeq~acy or inadeqvacy of the vaiue of the property mortgaged or to the sover.cy ar ~nw!~ency of sa:J MORiGAGOR o~ the defendants, and that such
rents, protrts, income, issues and ~ever.~es shail be appi~ed by sucn Receirer acco~d~ng to tha l~en or equity of said MORiGAGEE and the prattice of suth
Court.
8. To d~'.y, prcmptly and iul3y perfo~m, d'sscha~ge, exe.v~e, etfett. compfete, comply w~th and abide by each and evcry the sfipulation~, ~greements,
condniona and covena~ts In :a~d promisiory note and this mor.gage set forth.
9. That in the event the c•xnership of the mortgaged pre.miscs, o~ any part the~eof, cecomes vested in a person othcr fhan the MORTGAGOR, tha
MpRiGAGEE, its successor• and ass~grn, may, withovt no~ece to the MORr6AOR, deal wnh such succeuor w svccessor in interest with reference to this
mortgage and the tfebt he~eDy secured in the aame manne* as wdh ~Aortgaga wdhout in •ny way vitiating p d~xhaiying the Mortgagori liabdity htra
~nder w upon Ihe debt hereby sx~red. No sale of the Frem~ses hereby mortgaged and no forbearonCe on the part of the MORiGAGEE o? it~ tucteswts
or ess~gos and no exte~s~on of rhe hme for ?he ps~menT of the debt hercby sct~red given by the MORTGAGEE w in succeasoas or sss~gna, shatl operate
ro re~ease, d;scherge, maci~(y cha~ge or affeu the o:~g:nal i~au:i~ty of ~he M.ORTGAGOR hereen, either in who+e w in part.
10. It is speuficaliy ag.eed rhat time is of the essence of this coniract a~d ~hat oo waiver of any obligar]on hereunder a of the obligation se-
c~red hereby shali af any time ~hereafter be n~:d to be a wairer of the te:ma hereoi or of ttie instrument secured herby.
11_ In add,t;e~ ro rhe Forego.lg ~non:r~iy F,a~m^nsi of ;~rir.cpal and inr_re:t requ;red by the pio.nlssory no~e s~cured hereby, matgagor eovenants
and ag~ces ro aay to ~nor~gagee ".~th ea;h month:y parr: ent <n add:•ional su~n esr~::,a~ed by morty;gee to be equal ro 1; 12 of the annual cost of the follow-
ing:
I A-AU real p.ope.ty taars ievied or assesseci aya~•~sr th~ acave dcscr~EEd r•_al estate. . ~
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j B--Pren:.ums er. f~re and w~rtdstv;m ir.w~acce as herc:n reg~:reA to be canfed en the improveme~ts s~tuate on ihe 3bove describec~ ptemises.
` C-Prem~ums on such matyzge gua~q~fr irw:a~.ce as m.orrgagee sha!I from r.n~e ro rime deem fit to carry or. the loan secwed hereby.
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Mortgagee shaii {rcm t{rne to t~~oe nor~fy m,ertyagcr ~n wr;t~ng of the omo~~t due and payabte hereunder and such surn shall thereupon be doe snd
i Fayabie on the d~e ddre of rhe n~.~ monih:y payrc~nt a~,d e<ch success+ve TOfith tl;ereaf)cr wnil mortgagee shall notify mortgagor of s change in such
~ amouM. Sutn sc~~~s s~~aii be app:~rd 'by moriyog~r ro:.ard tne Nayment uf reai prope~ty taati, ins~rance pram.ums, and mortgagt g~aranty in3uranCe
~ p~emiums.
IN \YITNESS YJNfRLOF, she sa•3 MORTC.AGJR has hereunto set hfs har,d a~d wal the day and year first afor id.
f Signed, Sealed ard dgi++ered '+n the prese~ce of: ~
~ f~L=~ tA_ ~EC_r~EO ,
~ ~ ~ ~ ST l:iC~~ ~;J~'y?YFLA. ~"'0
r F;;, r;~;as 4~~ O. Abbey cs~,q
3 ~ . c~E~r.: _ j co~~R=~ ,~n
---./~-r-~-~-- - ~ r,^ = _ ~ . _ .
~ ~ ~~2::~-i~----- -~'al)
STATE OF FLORIDA • t ~'IAY ~ ~ V S7 ~N ~ 1 ~ -
~ cour~rr oF ~ St._ Lucie-------- j~ s..~i~~~3
~ Before me perscnally appeered `J• O._ Abbey, a single d(~l~it x~ ;
~ ]A~i7oq[, ro me well known snd krawn fo me to b~ j
the individual described in and who executed rhe fwegoing instrumem, snd acknowledged before me thet !he executed the sarne for the pvrposes ~
~ rherein expressed. )~C---.___ - _
l~[~ei0UI00f0~ii[ -
~ ~ ~ ~
WITNESS my hand and officia~ seul this__-__L~ day of ~ A. D. 19 76
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} , ~t~i1lf , ,
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* , ary Public in and fw the State F{otida Lar~
~
~ y Ccmmission expires:
~ Re!urn Io: ( ~
~ F'ust federal Savings d Loan Assr_~ot.un r~' 7l ~
~ (~f Fort Pler~t• ~ -
a
~i fort f~erce F!c~~J,
~ ~
~ : . ~ i.
~ This Instrument Prepared By Robert A, 9whisher~ Jr. .~r'1~,,," rs•~~'
x= First Federal Savings & Loan Association : • • ~ :
~ of Fort Pierce ~ F loZ ida : y.,- : ~~l' =
~ Checked By . ~ ~ ~g ~ P U fa L ~ ~ i
~ ~ ~ -i f A~f ! ~ ~ ~ ~
~ • - ~f~ ~ .
' %'M • ~ , '
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