HomeMy WebLinkAbout0612 J. To pl~c~ •nd conlinuouily ~eep on the bu~'d~ngs ~ow or Mre~tter ~i)uat~ on ~~~d I~nd ~nd on alI ~quipment ~~d pason~lly cov~~~d by thi~ mortp~
~p~, wi~h ~11 pr~m~ums theroo~? pa~d m fuil, fire insuranc• in ~M wwl u~ndard polity fwm. in • wm approv~d by tM MOR~GAGEE, and wind~twm
in~uru?c~ in tf» u~~~l ifandard pol.cy iam, in a wm approvrd by 1M MORTGAGEE, ie? ~uch tomp~ny o~ comp~ni~s ai tM MORTGAGEE may
da~ctj ~nd all lir• and w~ndi~orm inw.anc~ poliuea on any o( ~~d bu~id~+p~, aoy in~er~~~ ~!?~~~in or part ~Mr~of, in ~M apqreQa~~ wm +(a~wid a
In ~xc~~i Iheraof, shall com~in th~ wual ~eandard mortp~QH clau~e o~ iucJ+ o~Mr tlww as tM Mor~pa~e~ ~*+ay rcQvir~. maki~+p th~ bu undN sud poli~ -
ciK. ~acA and ~v~.y, payabf~ ro ~aid N10RiGAGEE a~ts intereit may appear, and each and ~v~ry such policy sha~l b~ promptly u~•9n~d ~nd d~livH~d to
~ny MW bv aaid MORiGAGEE (wtM~ ucurity to a~id nwrtgao~ deb~_ ~r~d_ not l~u than t~n (Ia) d~ys tn adva~~ n( tiy ~:pG~~im ef ~ui~ f+oltey, ~e d~.
IivN to said MORTGAGEE a renewal ~herwf, to9ethtr with • rece~pt iw ~M pr~rr+~um of ~uch rsnewal; ~~d ther• thall b~ no f'u~ or winds~am intur~nc~
pl~ced on any of iaid build~ngs, ~ny inrer~st ths.e~n w put tF+~rwf, vnless in ~M form and w~th the los~ pay~bl~ ~s afw~s~ids ~r+d in 1M tv~nt any ~~m
of mpnty becomts payable unde~ s~ch policy w pol~cies Nid MORTGAGEE shall F?ave tM op~~on to receive and apply tM fam~ on ~ccount of tM ind~bted~ •
nest secured h~reby a to perm~t u~d MORTGAGORS to reuiw and ~w i~ or any pa~t ~hereof Iw othc~ purposa~, w~~hout thareb~ waivi~~ o~ ~mpain
inp any p~ity, lie~ w r~ght under a by virtw of thi~ mortya9e; and in th~ ~vent ~aid MORTGAGORS thall iw a~y r~~~on f~il to ktep th~ said prNnises io
I~aured, w f~il to deliver promptly any of wid policies of insurarx~ to ia~d MORTGAGEE, o~ (ail promptly to pay fuily any premium thtrefor p in +~r L' •
re~pact f~il ro pe~form, d~scha?ge, e:ecure, •{fett, complete. compty wit6 and ~bide by Ihis tovenaro, or ~ny pu1 Iwreof, said MORTGAGEE m~y plac~ and
pay tw suth insu.ancs w any pa.t thereof without waivinp a affettinp any opfion, li~n, puity, o~ right und~? w by vinw of thlt Matyap~, and the
full amount of each and every auch payment shall be immcdiately dw snd payabls and ~MII bsa? intcrest from tM d~t~ thtreo( un!il paid a1 tM raq of
nine per centum per annum and togrther with tuth interest shall be secured by the lien o( this mortpsge.
1. To permit, commit or suffer no waste, impairment or deterioration of said ptoperty a a~y part thereof.
5. To pay all and sinpular ths costs, chsrgei and expenses, includ+nq • re4so~abte snwney't fes and wsts of ab~tr~cfs of titls, incvrred w paid tl
any time by said MORTGAGEE, betauu w in the event of tM failure on tM part of the iaid MORTGAGOR to duty, promptly ~nd futly p~rform, d~ichary~
execute, ef(ect, comple~e, comply w~rh and ab:de by eech and every the stipulsnoni, agreemcnts, conditiont, ~~d cow~+ants o( said promissory not~ and thii
mwtp~pe ~ny or either. s~ u~d cosb. cM?gcs and expcnus, each and wery, shall be immediately due snd payabts: wF+ether a not there be notiu de
m~~xl, attempt to coltect or suit pend~ng; and the full amount of eacA and every such paymem shall bear inrerest from 1M dat~ thereof until paid ~t tM •
rate oi nine per centum ~r ann~m; and alf said coats, charpes and exFenxs i~curred w paid, together w,th such inqr~tt, shall bs s~cured by tM li~n of thu
m«tflap~. .
6. That (a) i~ the eveM of any breach of this Mortgega w de(aul~ on the part of ~he MORTGAGOR, or (b) in the event ~ny ot said sumt of mo~ey
hcrein reierred ro be no~ prompily and fully paid within th,rty (30) days neat after ~he seme severafly become due ~nd payable, without dem~nd pr norict.
or in the event each aod every tM sGputations. agraement~. cond~fions and covenan~s of ss~d p+om~uory no:s and th~s mo?rp~q~ any p ~i~ha ut no1
iuly, promptly and fully perfwmed, d.schsryed. eaec~red, eifected. compleeed, compl~ed w;rh and ab~ded by, then in e~the+ or ~ny wch ~v~nt tF» atid p~
gregate t~m mentioned in said promissory ~ote then remainin9 unpa~d, with iroere~t accrued, a~d all mo~eys ucured hereby, ihsll becom~ dw and pay~
able forthw~th, or thereateer, et the opt~on of said MORiGAGEE, a? fully and compie~ely as if all of the uid sums of money wero ori~7nally u~pul~~ed
to be paid on such day, anything in sa:d p~om;ssory note a in this Mafgage to the contrary notwithstanding; and thereupon w thereafter ~t tM option of
ia;d MORTGAGEE, wishout no+~ce or demsnd, suit a1 Isw w in equ~ty, thercfore a thercafter bcgun, m~y be prosecuted as if ~11 moneys sacur~d hsreby
had matured pnw ta ~ts insritut~on.
7. That in the event that at the begi~ning of a at sny t~me pending any ~u~t upon ~his Mortgage, u fo faacloss N, w 1o refwm i~, a fo enforp
paymtnt of ~n~ claims hereu~der, said MORTGAGEE shall spply to the Covn having jurisd~ction tl~ereof fo~ the appointme~t of a Receive?, wth Coutt shall '
forthwirh appo~nt a receiver of said m«tgaged property all and singular, includ~ng all and singuta? the income, profitf, issuts and revenues from whstever
so~rce derived, esch and every of wh~ch, ~f be~ng e:pressly understood, is hereby ma~gaged as if specl(ically set fw~h ~nd dewibed in the yr~ntinp and
habendum clauses hereof, and such Rcceiver shatl have all the broad and effect~ve funct~ons and powers in anywiae entr~sted by a Court to a RKNYl~, and
s~ch appointmcnt ~hall be made by such Court as an. admitted equity and a matter of absolute ?ight to faid MORTGAGEE, e~d without re(erente to tha
adequaty w inadequacy of t?x wi~e of the property mortgaged or to the wWency o? ~nsolvency of said MORTGAGOR p the defend~nts, and that iuch
ren~s, profits, incpne, issues and revenues shall be appiied by svch Receivn accord~~ig to the lien or eq~ity of taid MORiGAGEE and the p~adiu of such
Courf.
8. To duty, promptty and fuliy pe.form, dlscharge, execute, efiect, compie~e, compty wi?h ~~d ~bide by esch and every the stipulations, ~r.emenri,
conditions snd covenams ~n w~d promisswy note and th~s mwtgege set fwth. -
9. That in thc event the ownership of the mutgaged premises, w any part thereof, becomes vested in a penon other Ths~ the MORTGAGpR, th~
MORTGAGEE, its s~,cceasas and ass~gns, may, without notice to the MORTGAOR, deal w~th such successor w s~cceasor in interest with ~eference b thii
mor~gage and the deb~ hereby secured in the same manner a~ with Morigagw w~thout in any way vitiating a d~xharging the Mwty~gors' li~bility her~-
vnder or upon the debt hereby aec~rcd. No sale of the prem;ses hereby mortgaged a~d no fwbearonte on t}k part ol the MORiGAGEE w its suctesson ~
or assigns arw~ no exte~sion of the time for the payment of the debt hereby secured given by the MORTGAGEE w its sutte~iws or ~ssigns, sha11 oper~t~
ro rolease, d~xharye, modify chsnge o? affect the orig;nat IiabiGty oi ~he MORTGAGOR herein, either in whok w M part.
10. It is speuf~cally agreed thet time is of the esunce oi this contract and fhat no wiiver of any obiegation hsreunder p, of ths obliyation sr '
cured hereby shatl at •ny time thereaiter be held to be • waiver of the terms hereof a o( ths instrumeM secwed herby.
11. In add t~o~ to the forego:ng mo~rh!y payments of princ pal and interest requ~red by the promfswry note scwred hereby, mortgago? tovenanfs
~~d agrees to pay to mortgagee v.~th eath momhiy payr:ie~t an add~rronsl svm esr~n,ared by morrgagee to be equal to 1~`12 of the annual cwt of the (ollow-
,ng:
A-All real prope~ty taaes lev~ed w assessrd agaiast thc above described real estate.
B-Prem~~ms on fire and windstorm insurance as here~n reqv.red to be carried ~n the ~mproveme~ts s~tuate on the above dsscribed premises_
C-Premiums on such mortg;ge guaranty ir.sursr,~e at mo~tgagee shall from r~rrK to time deem fit fo urry on the loan sccured hereby.
, Mortgagee sha?i from t~me to t~me nor~fy mortgagor in w.iting of ff,e amount due and payable hereunda snd such sum shall thereupon be due ~r?d
~ayable on the d~e date of the ne¦t month:y payment and each auccessive mo~th thereafrer ur,tii mortgagee shall notify mortgagor of a change in such
a-~ount. $uch s~:m sF.a11 be apvl~ed by mortgagee toward the paymcnt of real property taxes, insvrance prem.ums, and mortgage euaranty inwrance
o~emiums.
~ IN Y~ITNESS Y.'H~REOF, thr sa~d MORTGAGOR has hereunto set his hand and seal the day and year first wesaid. ~ -
i Sgned, Sesled and delivered in the presence of: '
f
, - - f~f~ 1~M ~~EC~+~DED ~
I - - sT. ~tttsE .,tirtsrtr ~u?- ro C t e r ~n
' ' R0:£,i PiJt'~AS ~
E ~ •n
c~~x~ c~~ c~~T couat
~ ~d ItfCQR4~f~''-iE) 1 ell ~arter n
i
i S~ TE OF FL RIOA ~ ~ ~ ~O ~ ~ ~~d ~366~5
i
~ ~OUNTY OF _ ~ t ~ ;uc i e ~
~ Befae me personally appeared ~.~ro.~-~arter
~ i= 1 V n e 11 C e rt e r, his wife, to me welt known and known to me to b~
~ the ind~viduats descr~bed in and who executed the foregoing inah~ment, and acknowledged before me that they executed the same for the pvrpwet
3 rherein expressed. And the ~aid_ Li,l - 1~
~ -
~ .~~fe of eF~e said _ ~ .E'T'O~ arter vpon • separate snd pr'rvat~
? esam~netion by me taken sepa.ate and apart from 4eer aaid husband, acknowledgcd /o and befpe me tMt she execu:ed said instrumeM freely and vOlun-
~ ra:,ly and wi~hovt any compulsion, constraint, apprehens~on, or fesr of w from her said husband.
t WITNESS my hand end official seal th~s- ~.~+~1~. day of A. D. 19~ ~ v
i
' . Notary Public in and i the Sta of Florida at lary~
_ Rer~.n To: , My Commiuion eap~r• RlDA 2t LARGE
~ NOTARY Pt18lIC, AiE JAN. 7. 1977
~ First federal Savings S Loan Associar,o~ `eY ~pMpl!ISSIQN EXPIRES ~
O( Fcrr P e~ce. p~~~ aY hR1Wdi~1
Fon Pier~e. F~orida
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~ This Instrument Prepared By Rfcharci Kayes - .
: First Federal Savings & Loan Association _ , •
of. Fort Pierce F lo ri de
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= Checked By ~
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a J-)
~ F f:z 2~3 F~~t ~~,2 ~
~ . , . , > ~ - 1 r.~i' :
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