HomeMy WebLinkAbout0863 3. To pixe and confinuously I.cep on ~M bu~:d~~}~s now w herea(~er tuw~te on said ~~nd and on ali equipment and pNton~lly tove~~d by thi~ ma~~
p~, with all pren,ium~ thercon ~:a:d ~n tuU, t~rr inwran~e in the ~wat s~andard po~:ty form, in • sum approv~d by the MORTGAGEE, and wi~iwm
insu~u+ce i~ tM u~ual s~andard pol.cy to~m, in a ium approvad by ~he MORiGAGEE, in wch company o~ canpa~iea +s ~M MORTGAGEE' may
dirtcr, and all tir~ and w~r+dstorm in~uronce paK~es on any of te~d buildanpi. a~y intsrts~ th~rei~ o~ pa~~ the~eol, in IF~t p9rc9~t~ ~um ala~iaid or
In eaceu thcreof, shall contain rh~ ~sua1 ~~a~.dard mu~ga9et clause w iuch o~ha clauss as 1M AAa~9a9ee may requ~r~, makinp tM bu unda u~d potF
c~es, e~ch and ~very, payable ~o sa~d MJRTGAGEE as ~h imere~t may app~ar, and cach and evtry ~uch po+~cy shall bt promptlY au 9ntd and dtliv~red to
•ny held by sa~d MORfGAGEE as iw~hcr secu~ity to s.+id mort~age debt, a~d, noi less ~han ~en (l0) days advance of the eap'u~tion o1 e~ch poliq, to da
livp to said MORTGAGEE a renewai thereof, ~oge~h~r with a rece~pt for the prem~um of such ranewal; and Iher• ~MII be no fir~ o~ wind~torm insu~~nce .
placed on ~ny of u~d b~~ld~ngs, •ny inte~e~l tht~e~n a part thereof, unlesa in the form and wifh ~M lou payabl~ as ~fasuid; Md In ths ~v~nt +~y wm
of money becomes payable undc~ s„ch policy or polK~es ~aid MORTGAGEE shall have ~hs opt~on Io rece~ve and apply the iame a? accounl of IM indebled-
ness secured hereby a ro pe.m~e sald MORTGAGOftS to ~eu~vt and use it w any pan ~hereot for orher purposes, w~ihovt ~hereb~ wai~i~ig o. ~mpsir•
irg any equ~sy, lien w right under a by virtva of this mo::gaye; ~nd in Ihe evenl sa~d MORTGAGORS shall fa any reason fail fo keep the taid pr~mises so
insured, or fsil 1o deliver promptly any of uid polrcies oi insurance to aa~d MORiGAGEE. or fail p~omp~ly to pay fuily a~y ~xcmium therefw a in any
respect f~il w oerfwm, d~scharge, execu~e, eflect, complete, comply wi~h ~nd abide by thii covenant, or sny par~ ha~eof, s+id MORTGAGEE may pl~ce ~nd ~
pay fa suct~ insurance o~ ~ny par~ thereof w~fhout wsiving a affecting ~ny optia?, lien, equ~ty, w riyht unda w by virew of this Matya~e, and the
full amovnt oi each and every sucl~ payment shall be imrnEdiately d.ie and payaWe ~nd shall brar interesl from 1M date thereoi u~til paid at the rat~ ol
n~ne pe~ cmtum per annum and to~rthr~ with such i~terest shall be sec~red by the lien of th~s mortpsge.
To permit, commit or auf(er no waste, impairment a deterwrat;on of sa~d property w any parl thereof.
S. To pay sll snd singutar the costs, charges ~nd expenus, inci~d~ng s reasonable attaney's fee and costs of sbst?acts oF title, incvrrtd w p+id ~t
any time by sa~d AM1ORiGAGfE, betause w in the event of rhe failure on tM part of the said MORTGAGOR to duly, promptly ~nd fully pMform, d~xha:q~
e~ecute, e~fed, complete, comply wah and ab:de by each and every the stipula~~~s, agreemenn, condit~wu, and toven~nts of s~id promissory note and this
mortga~e any or e~~he~, and said costs, charges and expe~ses, each and every, sMll b~ immediately dve and payabte; whether ot not the~e be notice dr y
mand, attempt to collM or suir pend~rg; end ihe full amo~ro of exh and every such paymenf shall bes. interest from the d~te thereof untii paid +t the
r3te of nine per centum Ex:r ann;,m; erK! aU sa~d cosrs, charges snd ex;.e~~sea ~ncvrred or pa~d, ~ogetFxr wdh such interest, sha~l b~ ~ecured by ths lien of tF~is
mor:ysg~.
6. That (a) in the event of any breach oi this Mortgage w default on the parl of thr MORTGAGOR, a Cb) in 1he event ~ny of sa7d sums of money
herein referred fo be not p?omptly and fully paid witF~in th~rty (3Q) days next after ~he same severaily betome due ~nd psyable, without demand w notite.
w(c) in the event e~ch and every ~he s~~pularions, agreements, conditions and covenann of sa~d p.omiuory no~e snd th~s mwt9aye ar+y o? ~ither are nof
~u:y, promptly and luliy perfwmed, d~xMrged, ex«uted, effccted, completed, complied w~th and ab~ded 5y, Ihen in e~lhe~ or any such ewm ths uid ag
gregate sum mentioned in said promissary note then remaining unpa~d, with interest accrued, and all moneys secured he~eby, ahall become dw and pay-
abte fwthwith, a thereaftrr, at the opt~on of sa~d MORTGAGEE, as tully and comp!ete~y as il aIl pf the said sums of money were wiginally stipulated
to be pa~d on such day, any~h~ng in sa.d prom~ssory rrote a in this Mutgage to the cen~rsry notwi~hsrand~ng; and thereupon w thereafter at the option of
sa:d MORTGAGEE, w~thout not~ce or demand, suit at law or in equity, therefore or tAereafter begun, may be prosetuted as if all moneys secut~d hereby
had matured pnw to as inaritutwn.
7. That in the event tha~ ar the beginn;ng of or at any time pcnding any suit upon this Mortgaqe, o~ ?o foretlos~ it. o~ to refwm it, or fo e~force
payment of any claims herounder, said MORTGAGE£ shall appiy to the Court having ~ur~sdrc~ion the~eof for the appomtment of a RKlIVH, suth Cour1 shall
forrhwith sppoint s rtceiver of said mortgaged property all snd singula., intlud+ng a11 and singu~ar the incoma, proiits, iuues +nd revenues irom whalever
so~rce derived, each and every of wh,ch, it being expressty vnde~srood. is hereby mortgaged as if speuficaity kt forth and drsuibed in the y?~mir+g snd
habendum dausea hereof, and s~ch Receiver shali have all the broad and efiM~ve funct.o~s and povvers in anywise entrusted by ~ Cw~t to a Receiver, and
s.ch appointment shall be made by such Cou~t as an ad~nitted equity and a matter of absofu~e right to said AAORTGAGEE, u?d without ~eference to Ih~ ~
edequacy w inadequacy ot the vatue of the prepe~ry mortgaged or to the sonency or insoiver+cy of said MORTGAGOR or the defendants, and that such
rems, profits, income, iswes end revenuea shail be applicd by such Receiver accwd,n9 to the lien or eqvity of said MORTGAGEE and the p~~diu of such
Court_
8. To du!y, promptly and fvt~y perform, dischargr, ezecute, effect, complele, comply w7th and abide by each and eve~y the stiFulations, agreertK~ts,
cenditions and covenants m u~d prom~ssory note and fh:s mortgage set forth. !
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9. That in ?he event the ow~e.ship of the morrgaged prem~ses, w an•y part tFYreef, becomes vested in • person other than the lNORTGAGOR, the
MORTGAGEE, its successcrs and ass~gns, may, wirhout no~~ce to the 1J10RiGAOR, deal w~th such successw w successor in interest with reierence to thii
mwtgage and ihe debt hereby sccured in the sam! manner ~s with Mortgagw witl+oul in any way vitiating p discharging the lNortgagori liabil+ty here-
undcr or upon the debt here~y secured. No sa!e o( ~he premises hereby mortgaged and no forbearance o~ tha part of Ihe MORiGAGEE w iri succeuors ~
or assi9ns and no exrension of ~he ttme fw the paymcM oi the debt he.eby secwed given by the MORTGAGEE or iri successws w ~uigns, shall operate
io rdeau, dschaige, modify changc or affecr ~!~e aig~nal liab~l~ty of the MORiGAGOR hereiq eithp in whole w in part.
10. It is spec~fically agreed rhat time is o~ the essence of this contrad and that no weiver of any obligation heteunder or of 1M obligatan st
c~red hereby shali at any time thereafser be held to be a waiver of the terms hereof a of tFx instrumpnt secured herby.
11. In add:t~o~ to the forego'rn~ month!y paym.ents of princ pal and ~~~erest req~ired by the p~om~ssory no!e secured hereby, mortgagor covenants '
rn
and agrees to pay to mo:tgaqee with eacn monrhiy paymem an add~nonal sum es+~matcd by mor~gaget to be equal to 1/12 of the annual tost of the follow- #
~.,9: ~
A-A!1 real property tax2s le~ned or ass~ssed agai~sr the abave desc~;bed reat estate. }
B-Pr~rr.iums on fire and w~~dstorm ]nw~acce as herein r~u:red to be carried on the :mprove+ne~ts situate on the above dtsvbed premises. ~
C-Vrem~~ms on such mortgage g~ara~ty :~sura.~ce as mortgayee shall froT r~me to t+me deem fi1 to carry on the ban secured hereby. ~
Ahortga~ec sna~l from f:~ne ~o ~~me no~:fy mo.?gaaar ~n writ~ng cf the a~rouro due and payabte hereunder and such sum shall therevpon be due snd
F.ayable on the due dare of rhe n?ar month'y payment and each successive :nonth thereaft~r until mortgagee shall notify mortgagor of a change in such
E ~^:ount. Such sums sFeil be app'~ed Ly mortgagee +ov.ard tfie payn:enr ot reat prcperty taxes, insure~xe prem:ums, and mortgage guaranty insurance
E p'CmiUmi.
E IN Y/ITNESS '.':HfR~OF, the said MOicTGAC.OR has here~nto set his hard and seal the day and year first aforesaid.
~ Signal, Sealed and delivered in the prexnce ofe
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~ - - - 's.'n
~ 5?ATE Of FLORIDA ~
St. Lucie u~ '
C~UNTY pF (
~ Befwe me personally eppeared May j.. Chapman, a single adult ~
~ to me well known ~nd known to me to bs ~
~ the irxiividual descr~bed ~n and who ex«uted ~he faegoing instrument, ard acknowtedged before me tFut $he executed the saaw for the pwposes i
~ therein e:pressed. ~iXe~l~s~i~XXXJCXXXXXXXXXXXX30CXXXXXXXXXXXX~tX7CXXXXX~OC30CXX7IX~OCX7CXX7CXXXX]t ~
~ ~~4~43S~xx~oocxx~oocxx~ocxx~oc~ocxxxx~ocx~oc~cxxaocxxx~ocx~acxxxxxx~ocxxx~ocxxxx faac ~xxx ~
~ ~ , .~6?,~dF~~~~~K~.7K~~PI+~~~~- ;
~ WIiNE55 my Mnd and off~cial seal thi:~~~~~4~-~ day of •jIIl}? A. D. 19 76 s
~ ~ ~ ,C--l . =,.~lt~.•~:.~ t
~ ' Notsry Public in and (or fhe State of f{orids ~t lary~ i
~ My Commissron expires:
` Retum To:
3 ,r.zss fedcra! Savir.ys S:osr. Rss__.,.. :n . L'.3Gt
~ Of Fort Perre tl~o (j j%-:+. 1. 1911
~ Fort G erce. Fior"rda 7 ~v~.uw U~ r~:~~..~.w~ w.~ec[~ ~~a ~
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~ This Instrument Prepared By R1Ch2i.rd K. Kayes " .
- i::fD ah ~ --'G.:: uE0 `
_ First Federal Savings & loan Association ST.IU:~' ~u~„~y flA. ~ ti _
~ . of Fort Pierce ~ FlOrida k~+`_' - ~~"~~qT~ ' ~ : _
~ "~~'.R ~,..~v ~ _ _ .
$ - -t : 1~'~ ~ _ ~ ~ _
~ Checked By n~'~ . - . .
~ ~Ul Z~ 9 40 ~i~ ' ~ b - : . : . - _
~ : P#~ ~ ~ • : ~ . ~ '
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