HomeMy WebLinkAbout0184 3. To place end conlinuousiy keep oo the bui!d~ngs now or herea(tea utuate on sa~d ~and and on all eqvipment and pe~son~lly tovered by Ihis mwl¢
pe, with ali prem~um~ ~FKreon pa~d ~o lull, f~re ina~ronce ~n the uwii standsrd poticy form, in a sum approved by Ihe MORTGAGEE, ~nd winds~wm
insurar.c~ in ~hs usual itandard pol.cy form, in a sum approved by the MCRIGAGEE, in such canpany o~ compan~es u the MORTGAGEE en~y
diretl; ar+d all (ire ~nd w~nds~orm insurance polK~as on •ny of sa~d bvild~rps, sny Imeroit theroin w pa~t tAereol, in IF?~ a~yreyatt wm afw~iaid or
In eYCeu thereof, shall contain the usual atandard mortgagee ttaute or ~uch othe~ clauia ~t tM Mal~agee may requ~r~, makinp the tos~ wx1e~ ~a~d pol~ .
cis~, each and every, payabls to said MOR7GAGEE as ih in?errtt may ~ppear, and each and every such policy shall be promptty •ss:g~ed and dativered lo
~ny held by ssid MORfGAGEE ss tw~he? sewrity to aa:d morigage debt, and, no~ teu than ~en (10) days in advance of tM expir~fion of each policy, to da
livst 10 ~aid MORTGAGEE a re~ewal thereof, Io9e~ha with a receipt fw the premium of tuch ?enewal; and ther• shall b~ no f~rs o~ windstorm insuranc~:
pl~ced on ~ny of wid b~ild~ngs, any intcrest the~e~n w part ~F~a~eof, unloss in the form •nd with 1M lou paysbl~ ~s ~fass~id; a~+d in th~ event any sum
of rtansy bccomcs payable under iuch policy or pot~ues iaid MORTGAGEE shatl have Ihe option fo receive and apply the iame on accouot of ~M indebted-
neu secwed heteby q to permil said MORTGAGORS lo teteive and use it or any part ~herro! fo~ othcr pu.pcsri, w~iho~1 thrreo~ weiviny o~ uopair-
irg any eqvity. I~en w~ight under a by vi~rue of this ma:sgage; and in the eve~t ss~d MORTGAGpRS thsll fw any reason fail to keep the ~aid premise~ w
insured, o~ (ail to deliver promptly sny of said pol~tisa of insurance fo wid MORTGAGEE, w fait promptly to pay ivlly any premium therefor p in any
re~pect fail ?o per(am, d~scha~ge, eaecute, effect, complNe, tomp~y with and abide by thi~ covenant, or ~ny pa~t hereof, said MORTGAGEE may plau ~
pay far such insurancs or ~ny part thereof w~thout w+~vi~g or affec~inp any op~ion, lien, equity, w righ~ under w by virtw of ~his Mortp~Q~, and th~ ~
full amount of each and ev~ry such payment shsl! be immcdiately due and payable ~nd ~hall bea~ interest from ths d~te thereof until paid at ths ra~s of '
nine per cenfum per annum and to~rther with suth interest shali be secured by Ihe lien of fhis morfgage. J
1. To permit, commit a suf(er no waste, impairment o~ dercrioralion of said proptrty ot any pa?t thereof.
S. To pay all and sirgutsr the costs, charges and expenses, incfudirrg s reaso~able attorney's fee and costs of atst~acb of titls, incurred or p~id at
any time by uid MORTGAGfE, becauu w in the evant of the fs~lure on the pan of the aaid MORTGAGOR to du~y, promptly and fully pe~iwm, d~uhsry~.
execute, effect, complete, comply w~th and ab:de by each and eve?y ~he sr~pulai~ons, agreements, condi~ions. ~nd covenants of ssid promiisory.note a~d thi~
mwtgege any w either, and sa~d costs, charges snd e~penses, each and every, sMli be immediateiy due and paysble; whether w not there be norice da
mand, attempt to colled or suit pend~ny; and the full amoum of each and e~ery such paymcN ahall bear intereit from Ihe date thereof vn~il paid a1 tht
rare of nlne per cemum per annum; and alI said casfs, charges and expenses incurred w paid, togethe~ with such interes~, shall be securod by the lien of thi~
matgsga
6. That (a) in the event ~f any b~each of ~h~s lVlo+fgage or default on the part of the MORTGAGOR, or (b) in the event any of sadd sums of money
herein reEerred to be not p.omp~fy and iutly paid within thury (3p) days next afrer the sarrM seve~atly become due ar+d payable, withoul demand w notice,
or (c) in the evem each and eve~y the stipufa~~ons, agre~ments, co~d~t;ons and cuvenants ot aa.d promiisory note and th~s mort~age any or ei~he? are not
ivty, promptty and fuily performcrl, d,scha~ged, executed, eftected, completed, comp{ied with and a6ided 'ay, then in either w ~ny tuch event the said ag
gregafe sum mentioned in said promisswy note then remaining ~npaid, with interest actrued, and all mprteys teturld heteby, shall become due a~d pay~
able forthwith, br therea(tcr, a~ the oprion of said MOR7GAGEE, as fu:ty and comple~ely as if all of the said sums of money were wiginally st~pulated
ro be pa~d on such day, anything ~n sa:d prom~ssory nore or in this b1«tgage to the comrary notvvi~hstanding; and thereupon or thereafter at the ap~ion of
said MORTGAGEE, w~thout not~ce or demand, suit at !aw or in equlry, there(ore w thereaher begua, may be prosecuted as if all moneyt secured hereby
had matured pr~ot to ib insGtution.
7. That i~ the eve.ct fhat at the beginning of or al any time pend~ng any su~t upon th~s Ntortgege, or to fweclose It, w to reform it, w to enforu
paymcnt of any cfaims he.eunder, said MORTGAGEE shait apply to the Court hav~ng ~urisd~c~ion thereof (or the appofntment of • Receiver, such Cour1 shail
fwihwith appoinl a rectiver o~ said mortgaged p~operty all and singular, includ~ng a!1 and singular the incoms, p?o(iTf, issues and revenues from whateve?
wurte derived, exh snd every of w1:;th, it being expressly understood, is hereby mortgaged as if apec~ficalty sef fotth and desuibed in the y~~nting and
habenclum clauaes hereof, and such Receive. :hall have all the broad and efiecnve fvnct~ons and powera i~ anyw~se entrusted by a Court to a Rece+ver, and
such appointment shall be made by such Court as an admined equ~ty snd a matter of absolute right to said MORTGAGEE, and without reterence to the
adequacy or inadequacy o( the vatue of rhe property mortgaged or to the so:vency or ~nsolvency of said MORTGACiOR or the d~fendants, and that such
rent:, profits, income, iasues and revenues shall 5e appiied by such Recri~er according to the Iie~ w equity of said MORTGAGEE and the practite of such
Court.
B. 1o duly, promptly and fully perform, d~scharge, execute, effect, comp!ete, comply w~th and abide by each and eve?y the stipulations, agreemenri,
conditions a~d covensnrs ~n sa~d promiszory note and th~s morrgage set fo~th.
9. That in tho event the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a pe~son other than the MORTGAGOR, the
MORTGAGEE, iti successors and ass~gns, may, wrthout no~~;e to the MORTGAOR, deel w~th svch successor a successor in interest wi~h reterente io thi:
mortgage and the debt hereby sec~red in the same manner as w~th ~1.artgagor withaut in any way vit~ating or d~xharging the Mortgagors' lisbility hera
under or upon the debt hereby secured. No saie o( ihe prem~ses fiereby mor?gaged and no forbearar.ce on the part oF the /J10RTGAGfE or its succeuors
or assigns and no extension of ~he r~me fw the payment of the debt he~eby secured given by the MORTGAGEE or its successors a auigns, shall operats
ro release, discharge, modify ~hange or affect the orig~nal lian~i~ty of the MARTGAGOR herein, eithe~ in whole w in part.
10. It is spec~ficat:y agreed that time is of the essence of fhis contract and that no waiver of any obligation herevnder pr of the obliyation se-
cured hereby shall at any time thereafte~ be held to be a waiver of the terms hereof w ot the inatrument secured F~erby.
I l. In add.rio~ to the foreqo ng month'y payments of princ pal and in!erest required by the promisscry no!e secured hereby, mortgagor covenanis
and ag~ees to pay ro mortgagee v~~th each mon!hiy pay~.:ent an add•~~onal svm esr.mated by mortgagee to be raual to 1;!12 of the annual cost of the follow-
in~:
A-AII reat prope~ry taxrs levied ar assessed aqai~st thn aLove desoibed real estat~.
8-Prcrriums on !ire a~d windsrorm msurarce as here~n requ:red to be carr;ed en the improvemeMS situatr on the above described premises.
C-Premiuma on such mongage g~aranty ir.sura~,ce as mortgagee shall from t;me to time deem fit to ca?ry o~ the loan secured he~eby.
Matgaqee sha~l from r~me to r;;ne nclifq mortgagcr m wr;t~ng af 1he amowt due and payable he~eundar and such sum shatl thereupon be due and
Fayable on the due da!e of rhe ~e,ct month'y payment and each successive month the:eai~er ur.til mortgagee shall ~atify mp~tgagw of a change in suth
Ij amount. Such sums s~a~i be app;~ed by me.!gag=e tc.rard the payment of reaf ro rt taxes insuranc m'
P Pe y , e pre .ums, and mortgage guaranty insurence
~ premiums.
" ~
` IN YlITNE55 WHEREOF, the sa~d MORTG~.GOR has hereunto set his har.d and seal the da~ and year first afaeuid. ~
~ Signed, Sested and delivered in the presence of:
I _ ~ _ i - ~
i .
E , L ` •.^~ti.~~ f~Y ~T
.
k ~ L an i
~ Seap ~
anc s p e ~n ~
~ STATE OF FLORIUA ~ ;
COUNTY OF St . LL1C 1 A ~
Defwe me pecsonally appeared J.~y A. Sa.*np 1 e
~ '
~ rrancPC R S m,1 w
~ h;s wiie, to me well known and known to me to be
~ the individ~ais desaibed in and who executed the foregoing instrument, and acknowledged befwe me that they executed the same for ths purposes
3 the.eEn expressed. Md the said_ ~'1 9 R S' 9~31 @
~ .vife of the said J~Y A. ~I1~~ ~@
~pon a sepuate and priw4e
exam~nation by me taicen separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and volun~
~ rar~iy and without any compuis~on, constraint, apprehens:on, or fear of w from her said husband.
~ WITNESS my hand and offiual xal this day of ~ 76
~ A. D. 19
: !~0~`FI`EL ~.L ~~R~ Nmary PubIK in and fo 5 e of Fbrida at Lsrye '
S1. LU%1'- -'~~3N~Y ~ My Comm~ssion eapire
Retum to: F;~~. ~-~;iD,l,S
first Federol Savings 3 loan Asso:iation , a. ' u~ ~ ~ ~~T No~°rY P?'61''~• St°r of Florida at lorgs
~ CLf , My Cow+ri}sian Expires lulp ]2. 1977
~ Oi Fort P;erce. RECQkZ VE'~•'
~ Fort Pierce. No.ide Bonded by Amtrican fire CosuoltY Cq.
22 8 03 AK'
.
~ ~ , ;
This Instrument Prepared By Donald E. HU~hes • ' - ~
~ First Federal Savings & Loan Association " -
~ of Fort Pierce , r lOT'~d& ~ ~ .
; - . . •
~ Checked By E-~- ' ~ ~ .=.i ~
~ • , .~Le
. E, 2
r'i YV P~1{i~ ~iJ~ :t.,,.~
R= ~
~ -
~ ~
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