HomeMy WebLinkAbout0263 3. To place and com~nvously kecp on ~he bu~'d~:~qs now a herea(~er ?i~w~c on ~ad tend and on ali cq~~p~+unt end p:rson~?~y cove~ed by thi~ mpt~
age, wrth atl p~em~v:ns 1hr+cOn pa d in iu31, f,re i++fu~r~~ce in ~ne us~el atandard ppl~~y lo~m, in a~um aFp~o:ed bv 1h~ MORIGAGEE, •nd windttam
~~wraoce in ~he utual standard po:~cy lo~m, in a s.,m •ppro.cd by ~he N10RiGAGEE, in ~uch company o? companies as th~ MORTGAGEE msy
d~reU; ~nd all (ire and w~nduurm ~n~urance poi,ues on any oi sa.d bu~~d,ng~. any inr~?e~t there~n o. part thersol, in the ~99rey~~e wm afa~~aid w
in eace~~ thereof, ihall con+ain ~he uwal uendard mortgagee ctause or such orher clru~e a~ tM Mor~gagre may requ.r~, m~4~~p tha 1ou unde~ u~d pol~
c~es, ea<h and eve.y, payaLte to se~d MORiGAGEE ss :ts ~~~rres~ may aHpear, ~nd each and every such po!~cy sh~ll be prwr~pny ~is.Qned ~nd d~t~vered to
any held by sa+d MORIGAGEE sa (u~~hm sccunty to sa~d mo~rgage daot, ~nd, nof leas than reo (10) davs in ad~snce o) the e=p~ration oi e~ch policy, to dr
I~ver to faid MORTGAGEE a renewal tLrrrof, ~o9ethe~ v~i~h a re~r~pt tor the prr~nwm of such renewal; and there shall be ~o f~re or winds~orm intur~nc~
pfaced on any of sa~d buiid:ngs, any in~c~est there[n or pan thtreof, unlrss in the loim af~d w,ih th~ los~ payable as afo~essid; and io the swnt •~y sum
oi money becomes payabie under sc.h poticy or poLc~vs sa~d MQRTGAGEE shetl have ~hs opt~on ro rec~~ve and spply tha se~~~~, qn otco~nt of t!u inds6trd~
ness secu~cd hereby a to perm~~ se:d MURIGAGORS to recnive and use it or am~ por~ ih<<col tor c:~:• r i,,;r;osrs. ~::~ho~t rh,~. o~ waiving W~mpalr•
~~y any equ~ry, Gcn a r~gM undcr a by vi~f~e al th~s mo•rgage; and in ~ha eveni ia~d MORTGAGORS shaU fo? sny raason fai! io keep ths ~ud prN+?~ses w
~~~s~,.rd. p~ fe71 ~o detivar pranptly any of sa~d pohurs of insurance ~o ~a:d MORiGAGfE, or fa~; pramptiy to pay luity sny p~tmium thtrefor w in anr
resped (ail fp per(onn, J~stha~qe, exccute, efiec~, ca»ple~e, comply with arxl ab~de by th~i coven~nt, o~ any part ~„reot, sa~d biUK~vNvEE may N~at~ srd •
pay (w such inwrance ot a~y part thrreof ,v~~hout waiving or affecNng any ophon, lien, equ~ry, or ngh~ und~r pr by virt~ of this Mwtga9e, and tht ~
s;~~ns of rac~+ a^d e.e•y s~~ch g~y~.~em shatl be ;,nmed~ateiy dua and peyeble arx! shall bear ~~rcras~ f~om ~he date thereof until pa~d at tM raN ol ;
~~e prr ~rntum pzr an~w n ~.:d re~~•~h~~r ,n~th such unereer shal; be ucured by the I~~n of thh moriyage. '
To permit, comrn~t or autier no waste, in,pairn,rnt w deteriorat~on of aaid propeny w~~y pe?1 tF~ereof.
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5. To pay all a~d s~ngular the costs, charges snd ex~~enus, includ~ng a reasonable attwney's iee and costs of abst~adf of title, incurred or paid ~t f
eny fime by aa+d MORiGAG:E, becau:e or in ~hc evenr of ri~e f~~fore on ~he Wrt of eFK smd MORivAGOR to duly, p~amptly and fully pe~fam, d~scharq~, ~
~xewte, e(iect, canptrte, comply w~th and ab.de by each and every the atipu~anons, agreemenrs, cor+dit~ons. •nd covenanet o+ said promiasory oot~ ~nd thi~ '
Trorigage any a ~,the., and sa d ceats, cha+ges and exFrnars, Each and eve~y, ahatl be imn,rd~atety due and payebte; whether w noe tFmre be notice ds~ ~
mand, artempt to co:+ect o~ suif prnd;ng; and tF,e fuN a+nounl oi each and e•+ery such paymero sha~l bear ,nterc~t f~om the date thereof until p~id ~t the ~
o~ n~ne ptr c.~n:~~, ~:rr e~:~~u:n; anc: ali se~d cvsts, tharges a•~d expenses ~rxurr~d or pa~d, together w~th auth interest, shsll be tecured by 1he ii~n o( lhis
m~rtgage, 3
3
6_ TM+ (a) in the evenl of any brrach of this htortgage or default o~ tM part oi the MORTGAGOR, w(b) in the ~vent ~ny of seid i~ms of moMy
Ferein re+errrd to be not pro~npNy and f,,;~y pa:d w~tt,in tnaty (3U) days neaf a~+~:r the same seYera'~y become due and p~yable, wiihouf dema~d or notice, ~
cr iO in the event rach and e~ery ~he shp~~at~ens, ag~ae,nents, co+~ditio~~s and covenanq of sa•d prom~ssury note and ~h~s mortgage any w eilher ~re no1
iuly, promptly and iully performed, d scha•ged, earcu:ed, effecred, comFteted, comp6ed w~th a~d ab~ded Sy, then i~ e~ther p iny such ewnt IM sa~d ~g
~~egate wm ment~on~d in seid pro~n~aso~y rwte Men rema~ning ur,pe~d, w~~h imerest accrusd, and atl monoy: secured Atreby, shaN becomt dw and pay~ ~
ai,.r iorthw;th, o~ t'r.er~vj~cr, a! ~ha et'•~~on s-.d ?.tORTGAvEE, as fuily and comµleti:y es if ai! of the said s~ms of money wer! or~yiMNy tlipvlated
~c be pa d on s~ch d~y, anyth~ng in s.+d pro}n•e~;.ry noTe or in this Morrgage ro the cantrary nor.vithstand:ny; and thereupon w thereafter al tM op~ion pf i
sa:d R10RTGArEE, •n~+i:out nor::e or drn,a~.d, s~~t at taw or m eqv~ty, thrrrfcie or the~eafte~ beg~n, may be prosewted as if all money~ secured hereby ~
r;:d mat~red prior to rts instnu•.vn. ~
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7, lhat In ~he eve~r rh.,r a* ~~e beg~~n;ng cf or at any T~n,e pend(~:~ any su~t vpon ~his Morr~age, or to (oredose it, or to refwm it, w fo enforq ~
~aiment of any cia~:~:s he•eu~:d>r, sa~d ~~!JRTG~+t~=E shatt apyty to the fcvrr hawr,q ~~r~sd:u:on thereof for the appomtmem of • Recciver, such Covrt shall
rc~rhwirh appo~nt a rece~+er ot sa(d ~:ortgoged propeny ae! and s~ngu!ar, iriuvdng au a~~d singu~ar the income, profrts, is~ues and revenues from whatever
;•ce deri.ed, each a~,d every of ,~;h.;n, ~t ~,¢~ng eapres~~y unders~ood, is he,rby mor~~aged as if spec~f~cafiy se~ {o~~h and desvibed in the yrantinq and
i~: ~~tdvm ~:a~te3 he~eof, ar.d svth Recr~ve~ shau have a;l the br~ad and effecri+e f~ntt~ons and powe~s in anywise enfru~ted by a Cou~t to s Receiver, and
s;h appc~ntme.~~ sF.~~! made by such Court aa an ad~~utted equety and a matter of absotute rigM to said MORTGAGEE, and withoul ~efeteote fo the
r:::•q~acy or inadeq~ac~ ot ~he va+ur cf tlie property mo.rgaged or ro ene sc•~rrtcy er insCfv@M)/ of said MOR7GAGOR or the defendann, and thal sueh
-~'s, profas, ir.con,e, ,ssues and raver.~es 3haii be app:~ed ny wch Receiver ac~erd~ng to the :ien or equity o4 aaid MORTGAGEE and the prractice pf wth
Ccurt.
8. To dv'y, pren,~,r'y and fu:+y pe:fo+m, dhcharge, eYec~te. eflect, comp:ete, co:npiy w~rh and ab~tle by eath and every the stipuSations, sg~etments,
e.~d~tians and [oven~n~i ~n s,,d p:on-~~s:orf ~ot_ and th;s morigage set forth.
9. Thet :n ~he e~ent ;he owrersh~p cf the mortgaged pren:ises, or any part thereof, becomes vested in a per~~ other than the MORTGAGOR, fh~
.'JRTGAGEE. ira succesu~s and .+ivgr.i, riey, wuho.,e r,o::ce ro the A'.ORTGAOR. dea: ~,v,th such succeswr w s~ccessa in ~~teresr with re(ere~nce !o fhi~
~•tgaye er:d rhe d~~of hcrrby se,~: ~d in tne aame r~~anr,zr as w~th Ntcrt~agor wnhput in any way vitiating w d~uhargl»g the Martgagors' liabilify htrt
~ ~ de~ o~ upon the drbt ne•e~i z~,.. red. No s3:e of tRe H+e~~~s^s hereby mortga9ed end no forbearance on the part of tF+e MORiGAGEf or its suetessors
c+ a:s~gna a~d no e,crerz:an ol :h:- r::..z (o~ ~Fe payn:enr oi ehe debr n~reb~ secured g~ven by the IAORTGAGEE o~ its futtesswi o? asaigns, shall Operaf~
to releese, d scha:ge, mcd~t~ ~•.a~ ge or a~teu the cra~:na~ '+~ao.t,ty ot tne fY~UKIC~A(~l}K i•ere~n, eiei~e~ in wiw~e w in yori.
10. Ir ~s speclr,a:;y ~g•eed ~ha! t~me ~s af tt:e easer.ce cf th;s conrract and that no waiver of any obligat~oo hereunder w of the obliy~tiw~ sa
c~red hereby s~ail at a*~~ time rn~reafrer be he'rd to br a wa~er of the terms hereof or of !Fk instrument secwed herby.
i t. tn ;:td r:o.~ ro rhe Ic.re3o :vj monrF;~y f,arn~er,;s of p.lnc pai sr.d 'emeresr requ~red by the prom+ssory note secur¢d hereby, mortgagor eovenants
3•'n ag~•:es te ;,3y to ~no-~~.:gae ,•.,~h each mor.~n y pe;r-e~~t an atid~v~onai sum est n aTed by mortgagre to be tqual to 1/12 of the annual cost of ihe follpw-
'i~ .
A-A~t rca! ,_rcpc~~~ t~x.s e_~~~ o- ass..s~..,i ag,~•ut rh~ above des:-;icd rra~ estare.
6- Fr_ s o: f,•~ ar.d :.::,ds~~~:n :~:s:,• ce as nere~n r; q.,:~ed to be ca~ned on rhe .mr~oveme~rs Situate on the above desc.ibed premiks.
C-Prr•^:_• s o~ s;,ch rror?-,,ge g~a•~~t,r esv~a~ ce as rno-tgagee sha~i Ir~rr t me to ;ime deem fit to ca+ry on the ban secur~ hereby.
4lortqaqee s•.= ~~~~,e ~o ~..~,e r,cr:E; rnc•:yagcr w.~~.r.~ of ~he a~ou~f due a~d payabfe hereundr~ and su,h sum shatl fhe~eupon be due •nd
::3~ab!e on the c+ue o: •e o' rh- nex! rno~~'r~'~ pa~~• ~nt and e-~ch wccesvve ~north t~ereafter ur,til mortgagee shall not~fy mortgagor of a ehat~e in tyth
~-•.o~nr. S~ch s~^•s s~..+i i;e r~F;:~c~ by rner+gag..r tona~d the pa;r..ent of :eal p.operty !3xes, insura~ue prem:ums, a:d ^c::yaa~ ~uaronfy insurance
; •em~Lms. ~
iN ~.1TNESS ':lNfR_OF, ine sa:d h•OR*G~G.^.R has hereu~!o set his har.d and seat the day and year first aesaid.
S~gned, Sealed and de~ive~ed in the p~esence of:
~
- G. B. Wa2ters n
` L-~ _ _ - liece `~'altat`~''+: ~.4
s.tiTE oF F~oa~oA ' n
. ~ ,
"t . T uc i? ~ ss- ~ 's
C~U'~TYOF----- y------- _ c~ .G.Q~ ~
. ` ~ ~ ~ ~
lsefote me periona:iy appezred ~ ~•T^~ a^'+ ' ' - ~ : _
~-~r ~uiiiK' • ~ - -
. •
- R '~BC~- ~-.:ai~.~rs ,lv ~~~cpown. o
his wife, f1 4k ' yo me to b~
the individua;s desc.~bed in and who exec~!ed the fcrego~ng instrument, and acknowtedged before rt+e tMt ffje~. eltetu t sar~ far.y~ pvrpases
rh4rein expressed. And the said----- t~l~°CB T'~3ItC2'S ~i~
t~~l ~ i..__..
w:fe of the sa~d l~• ~r~3! aa2-, , /l~pon a sepsratt ~rd priv~t~
e,am;nat~on by me taken sepa-ate and apart from her sa~d husband, acknowledged +o a~d before me that she exetuled ii~ld:iiNbnlh~enf beely and volw~-
tar~iy and wnhovt any comp~;s~on. constrairt, appreherts.p~, ot fear of ot from her said 6usband.
wQ .
WIiNESS my 6and and offic~a~ seai rhfs_ ~°'~V~~ day of_ LPmbPr ~ p. ~q ?fj
~
Notary P bli in fw the Stats of Fbrida at larQ~
My Comm~asion eapires:
Ret•;•n io:
First Ftderat Sav~ngs d loa~ Assc:~~~o~ N~M~ ~K. s~ia ~•Flp~d~
O` =c.t v • -to ~ ~~l~biS1011 EX ' ~
~c•~ P;-•:e, F:~r'da M~eN h w
.w.u. rr~ ~ c~w.4 ~+w.r
~
This Instrurnent Prepared By G3r--,~I :?fli~~S 3~~u I
First Federal Savings 8~ Loan Association
of Fort Pierce ~
j ~r ~da
~ FILED ANO kECCR0E0
Checked By~__- _ St.1,p~Ep~P01TRAS~A.
CL£RK C~%'•Gd1T COURt
n R 258 ~~E ~VO ~rCOR'l V~P.IFIf4
BooK S~ 1~ i2 v? PM'~6