HomeMy WebLinkAbout0878 3. To pl~ce and co~tinuously keep on the bu~:d~ngs ~ow a I~ereafte~ ~f~uate on aa~d I~nd and on al! equ~pment and person~lly cover~d by thi~ morlp~
p~, with ~II premivms ihrrcon pa~d in futl, fire ~ns~rance in ~he us~al standerd poticy fo~m, in • wm app~oved by tM MOR(GAGEE, ~nd wind~torm
~n~u~~nt~ in tM u~ual ~undard po~,ty form, in a eum approvcd Dy tM MORIGAGEE. in such company o~ companies as Ih~ MORIGAGEE may
d'u~c1; ~nd all fir• and w~nditorm dn~uronts pol~cies on ~~y oi ~aid build~ny~, any tnle~~st ~M~ein w part ~Mreof, in tM apyreyat~ wm alataid w
in txcca Ihereol, shall contain tha usual s~endard mor~ga9e~ clause or such other clauie tM Mwtgeye~ miy requ~r~, m~kinp ths !o~s under sa~d po1F
ci~t, each and avery, payab~e ro said MORiGAGEE as ~r~ in~ere~t may ~ppear, and each ~nd ~very ~uch policy shall b~ promptly au_Qned ~~x! delivered to
any MW by sa~d MORTGAGEE ai (ur+hia secur~ty to ~aid mw~yag~ debt. +~,,d, not Isu ?h~n teo (10) days in adwnce of ~M ~xpir~ti:n of e~th polity, lo d~-
liwa fo iaid JNpRTGAGEE a r..~.wsi ~he~eof, ~og~ih~r wi~h a r«e~Pr fo. ~M prem~wn of such ronew~t; u,d ~her~ ~hsll bs no tire o~ windi+wm (~wru~c•
pl~c~d on any of uid b~riWirgs, ~ny inter~st ~M+~M w pa~i fhtrWF, vnless in tM farm and with ~h~ tou payabl~ ~i ~faeiaidJ and in th~ ~v~nt ~ny sum '
of morNy becpmy payablt u~ ~uch policy p policies wid MORTGAGEE shall Mvs the opnon to receive and apply 1M same on ~ccounl of the i~bled~ °
oeu secur~d hereby w b permit said MORTGAGORS to reteive and ~se it p any patl thereoi lor o!her pwposes, withouf thereo/ waivi~~g or ~mpair-
i~p any equ~ty, lien or riyht under a by virtw of Ihia mo:sgage; ~~d io IM tvent ~~d MORTGAGORS thall fw any rtason f~il to ketp th~ said p~~miu~ fO ~
inswed, o~ (~11 lo detive~ promptly ~ny of sa~d policies ol insura+xe Io said MORTGAGEE, o~ fail p~omptty to pay fully any prem~um therefw or in ~ny
~sfp~et fail b pe/iwm, discharge, eaecufs, elfec~, comptete, comply with a~d sbide by this covcnant, a ~ny pert hareoi, sa~d MORTGAGEE may plac~ ~nd
paY fw suth insurance a any pa~t thereof wilhoul waiving a affetlieg any oplion, lien, equity, o~ right unda a by virtw of this lNorfpape, and the ~
full amoun~ of each u+d ew.y such payment ihall be immediarely dw and paya~l~ ~nd ~Aall be~r infer~st from 1M dat~ IhtreoF un~il paid at the rat~ ot ti
nirw ps~ c~nwm pe~ ~nnwn and to~e~he~ wi~h wch inrcrest ihall b~ secured by the ~ien of this matyaye. ,
1. To permit, commit a suffer ~o waUe, impairment a dete~ioration of said property q any parf the~eof.
5. To pay ~II snd sinpular tM cosh, chafyes and expenses, including a~easonable attorney i fee ~nd costa of abstract~ of titk, incurred or psid at ~
any time by wid MORTGAGfE, betause a in tFro event of the fa~lure on Ihe part of the taid MORTGAGOR to duly, promptly ~nd fully perform, disti~a~y~, ~
executs, effeci, comptete, comply w~th and ab,de h~y each ~nd every the s~ipulatioru, ~greements, conditions, snd covenants of said promissory note and thq
mat9ape ~ny w e~ther. and sa~t1 tosts, cM~ges •nd expe~ses. csch and evcry, shall be immedistety due and payable: whether a not thare be no~ice ds
mand, attempt ro colkct w ~uit p~~dmg; ~nd the full amount of each and evt+y such payment shall bsar interest (rom the dat~ thereof vntil p~id at th~
~a~e o~ nine per ce~tum per am~umJ and all said coats, chargea and eapenus incurred or paid, together w+th such interest, ihall be setured by the lisn of thi~
mort9sps-
Q That in the event of any breich of this Matgaga a default on the pa?t oi the MORTGAGOR, or (b) in ths evenf any of ssid twns qf ma+~y
herein referred to be not prompNy and fut{y paEe! within th,rty (30) days next after ~he same severotly. becoms due and payable, without dem~nd or notics, '
or (q in tM evero each aod every fhe stiputations, ag~eementt, cond~~ans and covenants of sa~d promiuory note and th~s ma~paye any w either are no1 `
~uly, promptly and iully performed, d~uharged. ~xccured, eficcted. completed. complied with and ab~drd by, then in either a any tuch eveM tht s~id a¢
gregate wm mentioned in said promisswy note th~rn remaining unpaid, with ineerest accrued, and a~l moneys setured hereby, sAatl becom~ dus snd pay-
abie fo~~hwith, or thereafter, ~t the option ot sa~d MORiGAGEE, as fulty and completely as ii all of the said sums ol money were oripin~lly ttipulated
to be paid on such day, anything in sa:d pranisswy note or in this Mortgage to thc contrery notwithstsnding; and ~hereupon a thereafter at tM opt~on of
sa~d MORTGAGEE, without nonce w demand, suit at law w in equity, therefwe or tFKreaher begun, may be p~osecuted as if all mon~yi secw~d hsreby
had matwed pno~ to its inttitution.
7. TMt in tM event that at the beginn~ng of w st any time pendi~g any avit upon thia Mo~lgsge, w to fweclose it, or to refwm it, a to enfo~p
F~Y~~t of sny t!aims he~evnde~, sa~d MORTGRGzE shaii apply fo the Court having jurisd~ct~on thereof tu the sppoi~iment of ~ Receire~, svth Cou~f shall
iorthwith sppoinr a receive~ of said mortgaged property all and sirgular, includ.rg all and s;.gular the income, profits, issuef and revenuef from whatever
source derived, each and every of whrch, it being expressly understood, is hereby mortgaged as if spet~fitally set forth and destribed i~ the 9ranti~p ~nd
hatxndum clauses hereof, and such Receiver shalt have alt the broad ant! eff~ctive functions and pm«ers in anywise entrus~ed by ~ Court to a Receiver, and
::.ch appoi~tmtnt shalt bc made by such Cou~t as sn admitted equity and a rnatte~ oi absolu?e rigM ro wid MORTGAGEE, and without refereote to the
adequacy p inadeqvacy of the value of the property matgaged w to the so~vency or ~nsolvency of said MORTGAGOR p fhe detendanri, ~nd Ihat such
renrs, profits, incane, issues and revcnues shall be app{~ed by such Reseiver accwd~ng ro the {ien w equity of said MORTGAGEE and the practice of such
Coutf.
8. To d~ty, promptly and fully perform, discharge, execute, eifect, compiete, comply w~th and ah:de by each end every the stipulatans, agreemenri,
conditions and covcnants in sa~d pror~issay note and Ihis mortgage set forth.
9. That in the event th~ ownership of the mwtgaged premises, or any part thereof, becomes vested in ~ person othe~ than fhe MORTGAGOR, the
M.ORTGAGEE, its successws and ais~gns, may, wi~hovt no~ice to ~he MORTGAOR, deal wiih such successo+ w successor in interest with reference to this 4
mortgag! and the debt hereby secured in the same manne~ ss with Mortgagor without in any way vit~ating or d~xhargirg the Morr~ago~s' liability hers i
under a upon the debt hereby secured. F1o sate of ths premises hereby mwt9aged and no fwbearante on the part ol the MORTGAGEE p its tuccessws t
o~ assigns and no extenaion of the time fa the payment of rhe debt hereby secu.td given by the MORTGAGEE or its tuccesiors or au;gns, sMll ope~ata {
ro release, d~scharge, modify change o~ affect 1he o?ig~nal liability of thr MORTGAGOR herein, either in whok w in puL "
10. It ia speufically agreed that time is oi the cssence of this contract and that no w~iver of sny obligation hereunder or of ths obliyation se- ~
t
cur teby shaU at any time thereafrer be heid to be a waiver of the terms hereof or of the instrument secured lrcrby, . t
I1. In add;t~on to the faego'~u~ monthly payments oi princ pal and inrerest required by the promiuory note secured hereby, mortgagor covensnts j
ar.d agrees to pay to mo:tgagee v~;th each momh!y payr:e~t an add~rionat sum esnn,ated by mortgagce to be equal to 1 f!2 of the annual tost of the follow-
ing: ~
A-All real property taxes levied w assessed agai•~st thc above described real esrata ~
B-Premiwns on f~re and windsrorm insurarce a~ herein req~:red to be carried o~ the imp~ovements situafe on the above described premises.
,I C-Premiums on wch mortgage gua~anty ituurar,ce as rtwrtgagee shatf f~om ~~me to time deem fif to carry on the ban setured hereby. i
~ Mo+tgagee shall lrom t~me to time norify mo~tgagor in writi~g of the amount due and payabte hereunder and such wm ahall thereupon be due and ~
j payable o~ the due date of the next monthty payment and eath successive month thereaiter until mortgsgee shsll notify mortgagw of a thange in such ;
' a~ount. Such sums sha;l tx appi~ed by morfgagee toward the payment of ieal property taxes, ivurance prem;ums, and morigage guaranty insurance ~
i
~ p~emiums- .
3
j IN YlITNES$ WHERfOF, tFx said MORTGAGpR has hereuroo set his hand and seal the day and year~aforosa" ~
Signed, Se~led and delivered in the presence of: ~
~ - _
~ F~I~Ep AMQ RECU~C ~ ~
; ~ % L sT. ~uc~E youNtY F~ n
` ~ Roc~ ~ PGItRAS ,n
CIEP.K G+~CUtT COUR
i RECOR;1 VERsFI~t? n
(Seaq
~ STATE Of FtORIDA ~ ' 3 ~9 ~M'1~
~ COUYTY OF St . LtlCle ~ SS.
~ Be(We me penonal:y appeared V i nce n t J. Mo 1 i na ~0~~ ~ .
j~ 4
~ R~nn i n de~ !!ol i na his wife, to me well known end known fo me to b~
rhe ind~viduals deuribed in and wh9 executed the foregoing instrument, and'acknowled~e~ liefore ms that they executed the same for tFw pwpeues
~ rherein expressed. And the said ~onnie Jean Mol ina ;
; wf re of the sa;d V i nce n t J rb 1 i na upon .,ep,rare ,od p.iv.r• :
` examinat~on by me taicen separate and apart from her said h~sband, sck~owledged to end before me that the executed said instrument freely and volun- i
~ rardy and w~thovt any compulsian, constraint, apprehe~y~o~`~ fear of or from her said husband. ~
WITNESS my hand and offiusl ual thiL ~ d~y of un A. D. 19_Z~
~
` ~ z~c~ ~ ~
- Notary PubIK in a for the tate of Florids ~t larqe ~
: My Commiss'ron expires: / _ ~ ~ ~ ~ ~
~ Return To: . '
3 , ~tfT~ _<.~,......~~(..,..r
first Federal Savings 3 loan Aasociat~on
~ Of Fort P:e.ce- i'.'; 1
r fo~t Pierce. Flo~ida • ~T ?~~...~i,i i~.~..ft^'
i
s ` S~i', ~_f • ,~~,h; .
~ This Instrument Prepared By pona ld E. Hughe s V,'~ S r•,` ~ S
~ First Federai Savings b Loan Association " ' " , '
of Fort Pierce ~ Flor i da ` ~y•' . ~
~ , - ~ ~ D G _ ~
~ Checked By - = ~ : O • ? : ~ ~
~ e ~b~ : ~
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E : _t FAGf tE ~ ~r .
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