HomeMy WebLinkAbout0174 To p~ec~ and coro~nuovsly keep on ~he bui!dinqs oow or Mreafter ?itw~~ on ia~d ~and and w+ cquipnNO/ ~r+d pt~sw+a~~Y towr~d by lhls morl¢
ap~, with •II prem~um~ ~hercon pa.d in t~~l, fire imv~~nce in ~he usual sta~dud po~~ty 1am, in +~um approved by tM MORTGAGEE, a~d winditam
in~urance in tM us~al ~~andud pol,cy fwm, in • sum approvad by th~ MORTGAGEE. i~ iuch company o~ comWni~s ai th~ MORTGAGEE may
difKQ ~od atl fii• +nd w~~xl~rorm iniwante poiiue~ on aoy of sa~d bvild~np~, any inter~~~ ~h~~e~n or par~ iMreof. in tM apq~eQa~~ ~um afueaid a
in ~xct~i Ihereof, iMll coneain ihe u~ual itandard matgagee cfause w iuch otha clau~~ ~s tM Ma~y+ye~ may tpuir~. makinp tM los~ ur+d« a~d poli~
ci~s, ~ach a~d every, payable 1o s~~d MORTGAGEE as i1i intrresl may ~ppsu, and eath ~nd ~ve~y ~ucA po~~cY shall b~ prwnp~ly ~a.9n~d ~~d d~liv~~ed to
~ny held by uid MORiGAGEE as (v~~her sncurity to seid mortya9e debt, ~~d, ~o~ leu 1Mn t~n (10) days in adwnc~ of tM •xpirat~on ol e~ch policy, to dr ,
I~w. to ~a~d MORTGAGEE a renew~l ?hereof, 1oga~h~r wi~h • rece~pt fa ~he p~en+h?m of ivch ~e~•wal; ~nd ~M~~ aMll b~ no f~r~ w w~nduorm inaur~nc~ ,
pl~ced on any of said buildings, ~ny inter~st there~n o~ psrt ~hereoi, unteu In tM form and wi~h tM lo~i payabl~ ~i •for~aidj and 4n tM ~v~nt any sum -
of mon~y becomes pay+ble unde~ such poliq a polKies taid MORTGAGEE shall hsv~ ~F~e optron to racaive snd apply the un+t a+ atcount o( tM indebt~d~
n~u secured htreby a ro permit fsid MORTGAGORS to receive •nd uN it o~ any part thereof lor orher pu~posea, w~thout ths~eb~ w+ivi~ig o~ enpai~•
irp any equ~ty, Ilen a«9h~ under or by virtue of this mo:!qape; and in the ev~nt uid MORTGAGORS shall (a ~ny reason f~il to kaep tF?e ~aid premiies so
insured, w iail to deliver promptly iny oi 1~Id POIiCitL of insurance to s~id MORTGAGEE, w fait promptly to pay fulty ~ny premivm Iherefor w in ~~y
rs~pec~ fail ~o psrtwm, dncharge. executs, etrect, comp~ete. compiy wi~i~ ~od ~oio~ oy ~ius w.a~•o~~i. +~:r v~:t ~-°•*3srcf ,•i3; ~•••1
pay fw tuch insurancs or +ny parl thereof without waiving or affectiny any optron, Ikn, equity, o~ righl unde~ w by virtw of thlf Ahw~yape, a+d tl+t ,
full amovnt of each and every ~uch p~ymenl shall be ~mmediately d~e ~nd p+yabl~ ~nd shall bear inte~est from ths dat~ thereoi ~ntil paid at tM raN ot
nine per cantum per annum and together with such interesl shall be secured by the lien of this mwt~spe.
t. To permi~, commit w su~(cr no was~e, impairment a deterioration of said property o~ an~ paN thereof. .
5. To pay all and singulu the coats, cha?yes ~nd expcnses, [nclud~ng a reasonable snwneY's fe~ and costs of abitrad~ of titl~, incurred w paid ai
any time by sa~d MORTGAGEE, ~ecause or in the event of the failure on the pan of the ~sid MORTGAGOR to duly, promptly ~~d fully perfo~m, d~scFwr9a~.
execute, effect, tomplete, comply w~th and ab:de by each and eve~y tF+e ~tipulat~ons, sgreements, cond~tions, and cove~ants oi said promiswry note artd this
mo+tyage sny w e~rher, and sa~d costs, charges and expenses, each and every, ~hall be immediately due and p+yable; whether a not ther~ b~ no~~ce de
mand, attempt to coliect w suit pcnd~~; and the full amount of each and erery such payment ihalt bear i~terest from th~ dat~ the~eof until paid al tM
rare of nine pe~ centum per annum; and all said cost~, cha~ges eixl expenset incurrcd a paid, togelher w~th such interosl, sMl) b~ tecured by tht lien of thi~
mortyaye.
6. That (a) in the event of any bresch o( thia Mortgag4 or default on the part of the MORTGAGOR, w(b) in the event •ny of ~a~d sums of money
he~ein referred lo be no1 promplly a~d fully paid within thi~ty (70) days next atte? the same severally become due and payabl~, without d~mand o? eotice,
or (c) in the tvent exh and every the stipulat~ons, agreemsnts, cond~tions a~d covenaNS of sa~d p~omiswry note and th~~ mortyap~ any w either oe nd
~uty, promptly a~d fully periormed, d~uharged, executed, etfected. completed, complied with and ab~ded by. then in either or any tuch ~wnt IM said
gregate sum mennoned in said promisso~y nate then remaining unpaid, witA intcreit accrued, and all moneyf xtured hereby, sMll becoe+e dw and pay-
able forthwith, or thereafter, at the opr~on of se~d MORTGAGEE, at fuliy and complete:y ss if all of the said sums o) money wer~ orginalty ~tipul~ted
to be pa~d on such day, anythinp in sa:d prom~ssc~y note w in this Mortgage to the to~trary notwithstanding; and Ihereupon w lhtreaftsr at tM opta~ of
sa~d MORTGAGEE, wi~hout not~ce w demand, suit at law or in equity, theretwe or thereafter begun, may be prosetuted as if all moi?eys secur~d ha~eby
had matured pnor Io its institunon.
7. That in the event ~hat at the beginning of or at any time pending any •uit upon this Mortgage, a to fwetlose it, or to reform tf, w to enforq
paymeM o! any claims he~eunder, said MORTGAGEE shaH apply to the Court having jw~sd~c~~a~ thereof iw the ~PPOi11ftDlfN Of ~ RKlIVN, tuch Court sha{I
Forthwith appoint a reteiver of said mwtgaged property afl and singular, intiud~n9 all and singular Ihe incom~, p?ofit~, issvts ~~d revenues fron? what~ver
wurce derived, each and every of wh~ch, it be~ng expressly undersrood, is hereby mor~gaged as if speufically set forth and described in tl+e y~+~tir?p and
habendum clauus hereof, and suth Receive~ shal! have all tix b+oad and effecrive funcr.o~s and powers in anywi:e entrvittd by a Court to a Receiver, and
~~ch sppointment sha~l be made by such Cou~t as an admitted equity and a matter of absolute right to iaid MORTGAGEE, ~nd withoul refe~ence to 1hs
adequ~cy w inadeqvacy o1 the value of the property mortgaged or to the soivency o. inso:vency ol sa+d MORTGAGOR a the defe~da~ts, and that such
re~+s, profits, income, issues and revenues shalt be appiied by such Rece~ver accord~ng ~o tFu lien w equity of wid MORTGAGEE ~nd the prutic~ of iuch
CouA.
8. To duly, pronptly and fully perform, dtxharge, execute, elfect, compiete, compty vv~?h and abide by each and evsry ths ttipulations, agreemenn,
cortditans u+d covenants in sa~d promiasory note and th:s mortgage set fwth. .
9. Thst in the event the o.vne~ship of the mortgaged prem~ses, or any part thereof, becomes vested in a person otl~er than the MORTGAGOR, tM
MORTGAGEE, its successws and sss~gRS, may, wirhovt noi~ce to ~he MORTGAOR, deal with such successor w succeasor in interest with reierence to this
mortgage and the debl hereby secured in the same manner as w~th Alortgagor without in any way vitisting or diuharging the Mortya9ors' lisbility hert
~nder w upon the deb~ hereby secuied. No sale oi the prem+sea hereby mortgaged ~nd no forbesrance on ~he par~ of ths MORTGAGEE or it~ sutcesson
or assigns and no exsens~on o1 ~he t~me for rhe payment of the debt hereby secured given by the MORTGAGEE w its ~uttessas a auigro, sMll operat~
ro release, d+uharge, modify change or affect Ihe o~ig~nal liab~l~ty of the A`ARTGAGOR herein, eether in wlwle a in part. `
4
10- It is speufica?Iy agreed that time is of the eaunce of this contract and Ihat no waiver of ~ny obtig~tio~ hereunder w of tfie obliyafion sa-
cured hereby shall at any time thereaiter be held to be s waiver of the terms hereof a of the instrument secured he~by.
11. fn aJd~t;on to fhe iwego'ng month!y paym~nts of princ'pal and interest required by the promissary note secured hereby, mortgagor covtnsnts '
end agrees to pay to mortgagee v~~th each month~y pay.nent an add:-ional wm es~~mated by mortya9ee to be equal ro 1/12 of Ihe annual toat of the (o~low-
~n~: .
A-A!1 reai prope~ty taYes le•sied or asseased agai•ist thc above descriJed reat estate.
B-Frem:~ms o~ fire and w;ndstorm insurance as herein requ~red to be carried on the improveme:+ts situate on the above described premises_
C-Prem~ums on such mortgage gua~anty insurai.ce as mortgagee shall from Lme to time'deem iit to cerry on the ban secured hereby.
Morega~_e aha~l from t~me to t~me nonfy mortgagor i~ writ~ng of the amount d~e and payable hercunder and such sum :hall thereupon be due and
~ 'e o~ tht d~e da~e of th.e ne~t monfhEy payment and each successive month thereafter ur.til mortgagee shall notify mortgagw of a thange in such
; a ~t. Such svms shall be ap~dird by mortgagee soNard the payme~t of real property taxes, insurance p~em:ums, and mwtgaye guaranty insurante
p .umt.
t IN WI~NESS 1KHEREOf, tne said MORTGAGOR has hereunto xt his hand and ceal the day and year first afor
Siyn , Seated and delivered 'n the sence of: j\
~ f t~ED b~le K~ ti~R~ ~n
~ - SS. I:UGIE ~Atili~ ' , ,~,i.,~ . .~_r-,~~ p
_ " RGGc ; _
~ CLEkK C;RF Et1 ~0~ + _ ~a4
~ ~ _ Rf':Qk~ Y~-
~ STA4E OF FIORf~A / ~ ~
COUNTY OF S t. I.U C 1~' -
Befaemepersonall~! a ared Charl~s R. O'Donovan Lh~~~~?~
and
K 2l~hP r i n e .J . C?' Donov an his wife, to me well known and known to me to b~
the individual~ described in and who executed the forefloing. instrument, end acknowledped before me that thsy executed tlx same for the purposes
therein exp~ased. And the sa~d- K a t he r z ne J. D~nov an
~~fe ot rt,e .~~d Char] Ps R. O' Donovan
upon a sep...te •nd priwt•
P~amination by me taken separate and apart from her said husbsnd, atkrawledged to and before me that she executed said instrument freely ~nd vofurr
rarily and w~thout any compulsion, constraint, apprehension, fear of or from her wid husband.
~
~ WITNE55 my hand and offiusl seal thin_- day of_ a ~ A D. 19 76
~ -~~;,~XLlL ~ ~L"~
Nntary Public.~F+ and for the Sute of Florid~ ~t Larye
~ti ,/1~1y Comm~ss~pn eapires: /
Return To: C ~ '
First Federal Savi s 3 loan AssociaY;on
OS fo t P erce. P~~... , e.Mt„ c.,~.•a~ e' Lnrci'e
~ !~y 'tom«isicn Expirai 6.~•~. 2 =79
~'k Fort Pierce, F~orid~
ta~d~d br A~neiican F"ue ~ Cowalry Cp.
~
~ Ri.char~~ t:a~~es •.-.:i:....`, . -
~ This tnstrument Prepared By ~ ~ ~ -
~ First Federal Savings 8 Loan Association 0 1
~ of Fort Pierce , F1 o ri cl ~ r_
~ - . , ,
~ Checked By i'i~- ~ ~ ~ •~r~ : ~ ~ ~~1 n r~ :
~ c_~_+ ~.~v e;1f~E 1 « ~ ~ '
~ ~ ';r :
J ~
~ ,:it,, {
. _ . . . _ _ _ " . _
~~a.~; ; :
:N r~,.,' rn „t T . S ~
' ~i ~ i ~a ,
. aui"~~
~~~'s~~~ ~ r _ . . . _ ~ ri. -S
`~W 4~ . . . . .