HomeMy WebLinkAbout0258 3. To plac~ and continuouily keep on the bui'd~nys ~ow oa hcreahe~ iitwt~ on sa~d I~nd and on ~II cquipment ~nd p~rsonally cov~red by this mw~p~
~ge, with all premiums tAerea+ pa~d in full, fire insurance 1n th~ utual sundard poliry tarm, in • aum app+ovcd by the lNORiGAGEE, and windstorm
insurena In fM usual s~anda~d pol~cy form, in a sum approved by the MORTGAGEE, in s~ch company w companies as Ihe MORTGAGEE inay
direc~j ~nd ~II f'ue •nd winds~orm i~surance polKie~ on any of sa~d bu~ld~np~, ~ny intere~t ~herein w put tMreof, in the apyre9~?e sum afaesaid a
In exct~s lhereaf, shall contaie tha usual ~tandad mat~age~ claua w such otha claute a~ IM Mortpsyee may requu~, makinp tM loss unde+ sa~d poli~
cies, exh and ~wry, p~yabl~ to taid MORTGAGEE as iti inlereU may appsa, and each ~nd every tvch policy shall bs promptly su:y~sd a~d d~livtred ~~o
+ny heW by sa~d MORTGAGEE as (u~~her security to said mortga9e debt, and, not I~u than ten (l0) days ~n advance oi ~ha ~xplr~tion of each polky, to d~- ,
IivN to iaid MORTGAGEE e renewal thereaf, topetl?N with ~ rsCSipt for the prtmivm of suth re~ewal; and there ihall b~ no firo w wi~dstam infur~nt~ ;
pl~ad on any of isid build~rgs. any imer~it there~n o~ par~ tMreof, unleu in th~ fwm and wiih tM loss payabb ~s afass~id~ u~d In ti+~ ~v~nt any avn? ' y
of nwn~y becomes payable under ~uch policy a policies iaid MORTGAGEE shall haw the option ~o receivs ~nd apply ths iame on ucou~~ ot tM i~bted~ f-
neu secured hareby a ro permit s~id MORTGAGORS ~o teceiva and us~ it p any pa~t thereof fw othcr purpotes, v~ithout Ihereb~ waivi~~g or ~mpaia
ing any equity, lian w riqht ut~der w by virtue of thi: mo:tqage; ~nd in Ihe event sa~d MORTGAGORS ihall fw any reason fail fo keap the ~aid p~~mista so
insured, a(ail lo d~tive~ promptly ~ny of said polities oi insurence to taid AAORTGAGEE, w iail promptly to pay fully ~ny premium therefa a in any
respecf f~ll a pNform, d~scharge, execute, effect, compkte, comply with and ab~ by this cove~anl, w any part hs~eof, said MORTGAGEE may plm and
paY fa such lnwrance or ~ny part thereof without waivirq w affecHnp ~+?y option. li~n, puiry, w ri~ht under w by virtw of this Mort9a9e. ~nd tl+~ ,r? '
fu11 ~mount of each snd ~ve.y suc6 p~ymeM thall be ~rrvned'utely dvs and payabl~ and iha11 bea. imerest from-tM dat~ thereof untii paid ~t tM rat~ oi .
nin~ pN tentum pa ~nnum and together with tuth i~~cres~ shall be secu.ed by tM lisn of Uus morTyage.
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4. To pKmif, oonunit or suffer no waste, impairment or dcteriontion of said property or any parf thereof.
S. To pay alI and u~pular 1M cosq, charget •nd eapenses, including a reasonable stlorney's fee and coits of abstratts of titls, incurrad or paid a1
eny time by sa~d MORTGAGEE, because w i~ the event of tM iailure on the part of the s+id MORTGAGOR to duly, promptty and fully pa~form, diuhary~
execute, eifed, canptere, comply with and ab~de by each and every ~he stipulaiion~, aflreemenu, corKli~iau, •nd coren.~n of said promissory note snd thii
mwtgaQ~ ~ny q eilhar. ~nd u~d costs, cMryes and expenaes, exA and every. shall be immed~ately dus and pay~bie: whether w not ehen notKe da
mand, •ttempt to mlkct a wit pendirx~; u~d the futl amovnt of each ~nd wery svch paymeM sh~ll bear interest irom tla dat~ thtteof until paid ~t fh~ '
rafe of nine pe~ centum pe~ annum; and all said cos~s, charges and expenses incurred a paid, together with s~ch in~ersst, ahalt b~ secured by the lien of tha
more~a9e. .
6. That in the ewnt of any b~each of this Mortgage or default on the pa?t of the MORTGAGOR, a(b) in the event ~ey of s~id wms of mooey
herein refar~d to b~ nof promptly and fully paid within thirty (30) days next after the same severally become due and p~yabl~, withoW derrwnd w noY~ct,
or (c) in the evcnt each and every the stiputations, agreements, conditions and covenants of sa~d promisso+y note snd th~i mwtysge sny w either ar~ nol
iuly, promptly and (ully performed, d~scharged, executed, eftecred, completed, complied with and abidrd ~iy, then i~ eitlxr or sr+y such event tM said ag~
^y.•~y3!~ w:ss r.xr.stir.r:! in saEr! ~acr.:szasy r.ate ihen .a~~a:n~n~ u:+~a~d. with imerest acc.ued. and all moneys secured hercby, shsll become dw and pay- '
abte fqthwith, a itxreafter, al the option of said MORTGAGEE, ss tully and compleiely as ~i( aIl of Ihe uid wms of money were ai9inatly stipulated ~
to be pa~d on such day, any~hing in sa;d prom~sswy note or in this Mwtgage to the con~.ary notwithstanding; and therevpon or thereafte~ the optia? of ~
said MORTGAGEE, without notice w demand, suit at law p in equity, therelae or thereahcr beg~n, may be prosecuted ~s if all mo~~eys setuted heceby i
hLd matured p1~W to its institWion. !
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7. That in the event that at the begin~ing of w at any time pe~ding any suit :,pon this Mo~tgsge, o? to fdetlose if, w to refwm it, w fo enforp i
payment of any claims herevnder, said MORTGAGEE sha~l spply to tAe Coun having jurisd~c~~on Ihereof fa the appointment of ~ Receiver, such Court shall ~
fo~thwith appoint a ~eceiver of said mwtgaged property all and singutsr, includ~ng ail and singul~r Ihe incoms, profits, iuues snd revenues from whatever
tource de~ived, each snd every of which, i~ being expressty undersrood, is hereby morigagtd as if spet~fically set iwth and dewibed in the y~~nting a~d
habe~dum ciavses hereof, ~nd such Receiver shall have sll 1he b~oad and effective funct~ons and powers in anywise entrusted by • Court to ~ Reteivtr, and ~
such appointmcnt shsll be made by such Court as an sdmitted equity and a maner of sbsolute right ~o said MORTGAGEE, snd without reference to the ~
edeq~acy ot inadeqvaty of the wtue of the property rrwrtgaged or to the w~venty w insoiventy o( said N40RTGAGOR a rhe defendann, and that iuth
rer.rs, profin, income, issues and tevenues shall be applied by such Receiver accord~ng ~o the lien « equity .ot said MORiGAGEE and the practite of such
Court.
8. To duty, promptly and fully perform, d~xharge, execute, effect, complete, comply w;th snd ~bide by each and every the stip~lations, agreements, ?
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- wn3 eiwi aG~rci.e~~ii ii~ Suw' Fx6wY~~iNair nVie enOa iilii mOfi9~! iei i0ii~i. . €
9. That in the eve~t the ow~ership of the mortga~ed prcmises, or any part thereof, becomes vested in a person other than the MORTGAGOR, fhe ~
MORTGAGEE, its iuccessws and assigrn, may, witFqut notice ro fhe MORTGAOR, dtal vritFi such svccessw w svtaessor in interest with ~eference to this ~
mo~rgage and the debt htrsby secured in the sam~ manner as with Mortgagor without in any way vitiatinq or d~sthar9ing the AAtrtgsgors' tisbility herr ~
under w upon the debt hereby sccured. No sale of the premises hereby rtw~tgaged snd no forbearance on the part of the MORTGAGEE or in succeuon ~
or a:si9ns and rio e:rension of the ?Pme fo. the payment of the dsb? hereby xcv.ed given by tM MORTGAGEE w itf successort or auigns, shall operat~ ~
to rrleax, d~xharge, modify change a af(ect the origtnel lisoJ~ty of the MORTGAGOR h~reio, eifher in whole p in put.
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10. It is specifically agreed that time is of the esse~ce of this conrract and that no waiver of any obligation hereunder w of the oblipation ~e- ~
cvred hereby shall at any time tMereaher be held to be a wa+ver of the terms hereof w of the instrument secured herby.
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11. In add~iion to the forego:ng monthly paym_nts of pr3nc'pal and interest required by tF~e promissory nofe secured hereby, mortgagor tovenanfs ~
and agrees to pay to mortgagee vc~th each month{y pa~ment an addrtiortal sum estimated by mortgagee to be equal to 1~12 of the annual tost of the follow-
~~9:
A-All rea~ property taxes ~evied or assessed aga~~st the aEove described real estate. ~
B-Premiums on fire and windstorm insurance as nerein requ;red to be carried on the improvements situate on the above described premiaes. ;
C-Premiums on yuch mortgage gvarar.ty insurar,~e as mortgagee shall (rom time to tio+e deem fit to carry on the b~n setured hereby. -
' Mortgagee shail from time to time norify mortgagor in w~iting of the amount due and payable hereunder and such sum shall lhereupon be dve and
Fjyable on the due daie of ihe next monthly payment end each successive inomh thereafter vntil mortgagee shall notify mortgagor of a change in wch
z^~c~ni. Such sums sF.ail ae applied by mo~Tgagee tov,ard the payment of real property taxes, insurance prem:ums, and mortgage gua~anfy irour~nce
p:emiumt.
IN WITNESS LYHEREOF, the said MORTGAGOR has hereunlo xt his hand and xal the day and year fir t ~tore '
~ Signed, Sealed and delivered in the pr ~nce of: ~~G~J~I' ~ .
! FILEO /tND RECu~iOED
` . SL ~uc~E c4uNtr F~~. ~ s
: ROGER FOITAAS - ~,q .
f ~ ~ CLERK CIp;,UIT COl1RT' ~,~yL
I - Q REGORO YFK~FIEO...r~ ~ ~ ~e"~
E _ ~"usen s~n
^ - K-.~I
~ STATE OP FLORIDA ~ 44 ~t`'~Y
E St . L.uc ie 3~~~
couNrr oF
# eeto.e „~e pe?sonauy appea.ed Will i! Gibsen
~ ~:~eei4 '~S' _ G~Yo~ t1 hia wi~e, to me wetl known snd knawn to ms to b~ ~
!he individ~si~ desaibed in snd who executed the foregoircg instrument, ~nd atkrwwtedged befwe me that they exetuted the sams for the purpose~
' Gibaep
rherein expressed. And the seid Qt1l~D B.
s
? ,~ife of the said Willie Gihsen , upon • sep~rate snd privat~
^ e,camination by me taken separate and apart from her said huaband, acknowledged to and before me that she exetuted said initrument freely and vol~n~
~ rarlly and withovt any compulsan, constraint, spprehension, o~ feer of or from ber wid husband.
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: WITNESS my hsnd and officul seal thi~ ~ e~ day of A. D. 19 76
r Nofary Public in fhe State of F{orida ~t larpe
3 My Commiu'wn xp es:
+ Return To: ~{p~ ?Yy~, S}ut~ of Rpr(de o} Ler~ c` ~
Fint Federsl Savings S losn Association A1y Caww~;~row Expir~s Julr 24, 117~ '
Of Fort P~erce. ~n~tj by /~rtu~ric~n f~rs 6 Coswfty G, ~
Fo~t Pierce, ftorida . f
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E This Instrument Prepared By Rnbert A, 9wishtr, Jr. ~ ~
; First Federal Savings 8~ Loan Association ~ . '
of Fort Pierce, Rlerida . - - ~
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~ Checked By ~ . , " ' a' -
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