HomeMy WebLinkAbout0311 3. To p~ace and cont~n~o~fly keep a~ ~he tv~ .i~~.~s no+v or hrreahe~ f;t.,ste on sa~d lend snd on a!1 eq:~N•nent and perton~lly covered by this mat9-
sgs, w~th •I) MOm~vinf thcreon pad in fu;l, fre innure::ce :n the us~ai s'a~~djrd por~cy (orm, in a fum appro.ed by Ihe MOQiGAGEE, ?~d windstam
~nsuronte in the utual ttanderd pa:•cy form, in a wm appro.Cd t,r the MORiGAGEE, in suth compa~y or tompanies af 1M ~SORTGAGEE may
d~red; •nd all i~re and w~nd~iurm int~~a~cc pol~c~r• on •ny o( sa~d tw~id.n9s, any ~~~errs~ fAc~ein or par~ thareof, i~ ~M apgrey~re sum ~~aewid or
in ~acess ~Fureof, shaU cw~ta~n the ua~al stur.da~d mor~gagee cla~se a such oiher clause as ths Mortyegee may reyuu~, makirp ~he loas vnde~ ~aid po14
c~es, each and every, payable to sa~d MC~RiGAGEE es ~ts i~~erast moy appea~, and each and every such pof~cy thaN be promptly assgned a~d de~ivered to
eny held by sa~d htGRIGAGEE ss (u~ther src~~~ty ~o ae~d ~nortgage debt, and, no? le~a Ihan ten (f0) days in edvarKe of the expiration o1 each policy, fo d~-
liver to •a~d MORTGAGEE s renewal ther~of, toge~hrr wnh a rece~pt (or t~e prem,um ol such rene«af; a.~d there shall be oo Lre or w~ndsto~m insur~nc~
placed on •ny of sa~d bv~id~ngs, any inrcrest ~hcre~n w pe~l thereof, unless in ~he (Otm and wnh th~ loss payabte as ?~oreu~d; •nd in the eY~nt any i~m
of monay becanes pa~aE'e ur.Jer such pol~cy or poLc~es sa~d MURiGAGEE shatl have ~he opf.on to recc~ve a~d appty Ihe same on sccounl oi the i~debtrd- ;
ness secu~ed hereby or to pe~mlt sa~d IAORTGAvORS to recrive and u~e it a any p:,~t rhe:eof for ctr.e~ pur~:oses, v.~~ho.:t fh~rtor vva~~ing a u~~pa~r-
ing any eqv~ty, I~en w righ~ under or by virrve o! t1~is mcr~yage; c~:~ in ~he event sa.d MORTGAGORS ~hall for any reason faii to keep the iald prem~iei w
~nau~ed, w fail to dr~ivar prwnptly any of said poLues o1 m~ura~ce ~o sa~d MORTGAGEE, or fa~l promprly fo psy fully any premi~m•therefo~ or i~ •ny
re~pect fail to pe.fwm, d~scherge, eaecvrr, efiect, compleee, co~nply wnh and ab~de by eh;s cove~~~~, or ny part hereof, sa~d MORTGAGEE m~y place +~d
pay (er such insurance o~ •ny pa:; :~•reof w~tho~f we~ving o~ affecting sny option, lien, cqu~~y, or r~~f under or b~ virtu~ of this Mwtg+ye, end tF~t
tull amoun~ of csch and e.ery s~ch paymcn? shatl be ~mmed~etely due and payable and sha? ~ear inte~esl from tha deta the~eof until pa~d at tl~ rott o~
~~~~e pe? centum per annum and to~rthrr w~th auch interet~ sha~~ be sewred by the Gen af th~a mortflage.
To permit, commif o~ sv(fer no waste, impai?ment or dttrriorat~o~ oi sa~d property w any pa?1 thereoi.
S. To pay ali and singular the costs, charges and exExnxs, inc~uding a reasonabte altor~ey's fee a~d costa of abstrsds of titte, incurred or paid ~t •
any time by u~d MORTGAGEE, betause a in the event of the fri~re on ~he part of 1he said MORiGAGOR to duly, promptfy and fulty perfwm, d~xharqe.
execu!e, e(fect, complete, co~nply w.!h and ab:de by each and every the stipulat~o~s, ag~een,ent~, cond~rions, and covenants of stid promiswry note and thii
mortgage eny or eirher, and teld cos~s, chsrges and e~epenses, each and eveiy, sha11 be immed~a~ely d~e and payab:e; whether p no~ there be not~ce de
mand, attempt to co:Icct a suit pend:ng; and the fvN amouM of each and every such payment shetl bee• interest Irom the date thereof u~til p~id at the ~
~-otr Oi nint per cem„~ per an:wm; e~~d_ au said coa~s, cnarges a~~d excrnses ~nc~rred or paid, together w~th such i~terost, shall ae secured by the lien of this
mOrt9~0' a .
6. That (a) in the event of any 6reach of ~his Morfgage or default on the part of the MORTGAGOR, or {b) in ihe eve+~t ~ny of s~id ~uma of money
herein refe~red ro be not prompt~y and lully pa~d w~thin Ih~rty (301 days ne.t a4t~~ the saR~e severa:ly become due and payable, wilhoul dem~nd w notict,
or ~q in the event each and eYe.y tne shp~;at~ons, agreeme~~ts, cond~r,oni and covenents of sa,d promissniy note and tho mortgage any w e~ther are no1 ~
iu.y, promptly a~d f~fly perfo~med, d.schar5sd, exewred, e{fected, camplered, cornpf~ed w~th and ab~ded 5y, then in e~ther or any avch event tM ia~d ~g
g~egate sum memioned in said promntory ncte thrn rc~nair.~ng unpaid, with inte~rst acuued, and a~l moneys xtured heteby, shall becomt dw a~d pay- ~
eb.e (orthw~th, or tF,erea!te~, at the opt~on of sa,d I'.10RTGAGEE, as fu~~y and comp'etely as if all of the sa:d sums of money were orgin~lly st~puiated ~
to be pn:d on such day, a~ything in sa.d pro:mssory note or in rhis Mortgage to ~he contrery not.v;thstanding; and thereupon or thereaher at the option bi i
sa:d MORTGAGEE, without non,e or demand, sult at Iaw or in eqvity, the~e'o~e w thereafttr begun, may be proucuted as if all ~ oneys secu~ed hereby ~
n~d maturcd pnw to ~q ins~~t~t~on. {
7. Thet in the eveM that at the beg~nning ot or at any time pend~ng any su~t upon this Nbrtgage, or to fwecloss if, w to reform il, or lo enfort~ ~
payment of any da~ms hereunder, se~d MURTGAGEE shal; appfy to the Cuurt having ryrisd[tt:an theieof for the appaMmenl of • Reteiver, suth Court shall ~
Ferthwith appoim a recaler of aa~d mo~tgaged property all and singv~ar, ir.civd ng ali and sing~lar the ir.~ome, ptofds, isfuet ind revenuef trom wbatever
se~rce derived. each and every of whlch, it be~ng eapressty ;,ndera~ood. ia he~~by rtx~rigaged as if speof~calty set fonh and dew~ted io the yrantiny and
habendum cfa~ses hereof, and s~ch Receiver shatl have ait ~ne b:oad and efiect,re fur.c:,ons and powen in eny,vne entrusted by a Cou~l to a Receiver, ~nd ~
s~ appointmem sha~l be made by svch Court as an ad nined tquity and a matter of abtoiute r~gM to said MORIGAGEE, •nd w~tMut re4erente to the 1
"adlq~acy or inadequacy of ~he va:~e of the properry mongaged or ?o the sonency or ~nscivency of sa~d MORTGAGOR w the defendants, a~d tha~ sueh ;
~•s, prot~ts, income, iisues and revenuv~} _shall be appi~ed~by such Recnr~er accord~ng to tAe I~en or equity of sa~d MORTGAGEE and the pradica of such
Co~tt. f..J
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B. (o d~Iy, prompt,y and fU;iy perform, d~scharge. e ewre, effrc~, compiete, comply w~fh end abide by each and every the stipulations, agreements,
:u~,ditions and covenanrs ~rt sa~d promissory nore a:~d ~n; m~rtgage set lorth. ~
9. 7hat in the event ~he ownersh~p o1 the mor~aged premises, or any parf thereof, becomes vested in a person other fhan the MORTGAGOR, the
.•ORTGAGEE, its successo~s ar,d ase~gns, may, wi:hovr ne+ :e to the NORTGApR, deal wn~~ r_~~h successor or succeasw in mteres? with reference to thit
o•igsge and the deot he~eby setur2d in fhe same manner as wi!h Mortgagor without in any way vitiating or d~stharging the Hb~tgagori liability .htte-
..^der o~ upon the debt heretr~ sec~red. No saie oi v~e ~>em~sea hereby mortgaged ard no forbeara.+ce on the part ot the /AORTGAGEE or its s~ctessort
c. ass~gns and nu extens~on of the f,me for rhe paymen~ o~ ~he deb~ hereby securec~ g~+en by the MORTGAGEE o~ its successors a assgns, shall operate
rc .e~ease, d~scherge, modify cfiacge or aftect the ong,nal L~u;l:ry of the MARTGAGOR herein, either in whole or in part.
10. It is speuf;catly aqreed fhat t~me is af +he essence of th~s contrad and that no waiver of any obligat7on hereunder w of the obligation se-
c:,red hereby shal~ at any time thereafrer be held to be a wa~.er of the terms he?eol u of the in~trument xcured F~erby. €
11. In aud t~o~ to the fe+egc m.onthty parm~nts of pr;r,c ~~al and ~nie.est req~:red by the prom~sscry no~e secured he~eb~, mortgagor covenants
,~d agrces ro pay to ~•:o-ryager n:~h eath month:y Ha~~: er:t an add.~~onal sum ess~mared bt mortgagee to be equai to 1/ 14 of ?he annual cost of the follow-
A-A!I rea: prepeny rax~s len~~ or 355?SSCCI e~~i :st tt~~ aF~+e dex~it•_d real es?ate.
B-Pr^n::uny on flre and r+.nds!o-~n insurar:e as here~n r^qu:red to be carr~ed cn the :~r;.rovements :~t~ate on the above destribed premises.
C-Premi~rns on such mortgage gua~anty ir.sUror~e as mc•}gage~sha!I frem t~me te time deem fif to tarry On the loan sccured heieby.
i Mortgagee s~a!1 1*cm n ne to r~Te nonfy moityagor ~n nr;f~ng of the a~ou~t dve and payable hereund~•r and such surn shal) the~eupon be due snd
f :~,abie o~ the due oa~e o~ the re¦t mo~tn:y pay.~.ent and eech svccessive mor.!h thereaftcr ur.til mortgagte shatl notify morigagw Of a thange in such
-•.ovnt. S~ch sums stali be app'+rd by mu!~gayee !or.a~d the payment of real property taxes. ~nsvrance prem:ums, and mwtgage guaranty insurance
,~•e~nivms. -
~ Y~lTNE55 WH~ FOF, the sa~d b10RTGAGOR hai he.eunto set h~s hand and seal the day and r first afo~e 'd.
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~ , Sea and eiiv r in'the presence of:
~ filED Aw0 kE~~R0E0 y , n
E ST. LUCt~ L:iUNTY FLA• ra
' - . ~ - f~ AGCE~? f ~11TaA~ ap
$ yj~^ ~ ~ ~ ` CLERK C3~.GUti COURT (Seaq
; ' R~COat?YE=.~~~~~ Elda I.. Abraa, his wife rL,q 1
x
~ SiATE Of FLORID ~ ~
s 29 2 s6 PN'76
C r ` ]
~ : vUNTY ~ ~ ~ ~4/< .e 1 _ a.~ ~ ~~`~(7~
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? Befwe rr» nafly appeared ~~_~2_ . ~ t~.L~~C.~l ~VI ~~~Q ~L L7/1 gr, fl/~!1 aw/
- ~ - his wife, to me well known and kr+own to ms to b~
~ rhe individuais desu~bed in and who exewted the forego~rg instrument, snd acknawledged before me 1Mt they executed the ssrtw for the ptrtposas
5 rhe~ein exprcssed. And the said_~~~~+ _~~/~A
.y~fe of the sa~d -~'ti~--'~.- ~j ~/:~/J!f % upon • upu t in~l pivW
, e=aminanon by me taken uparare and apart from her sa~d hus5and, ack.~owledged to and before me that sF.e executed said iostrumen~~;at~ v91ufN
rar~ly and w:thout any compu~s~on, co^sfra~cr, appren1enslor~ ~1r fear of or from her sa~J husb~pd._ ~ J
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~ WIiNESS my hand and officia! seal !h~s-- day of_ ~ f ~ ~ _ ~ g ,19t~~
n - " ~ T . ' .
p L _ ~
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: otary Vublic in nd (or t Su of PIYt1y~a Q~ ' ` O
; My Commission expires: . ' p~
Return To~ '~'<< ~ '
? - / ~ . ' , E
` Fint Federa! Savings 3 Loan Assyiat~on i' ~ Q~
; or ~~.f P . „ . ?~t ~STAZ~ ~
~ ~:~'li'!C:~.•: ~.c••qE5 .'i;:.~K°ER 12. 1! ~
F o r t v~,., c e. F l;;~. d j d'v:i;i:;r :;~~j GEfI[4A::~~:,, ~:YirE uK~tT~
~
; This Instrument Prepared By J~hn_.v. Collins
r= First Federat Savings 8 toan Association
• of Fort Pierce ~ F 1 or i da
' Checked ey t~' _ k ~
; BDOK~~ f~ILf ' -