HomeMy WebLinkAbout0454 3. To placc and conti~uouely ke~p on the bui'd~~:gs now or her~a(rN sifua~e on ~i~d tai?d and on all equip~nent ~nd p~rson~lly cov~red by thi~ morl¢
p~, witA all premiumi Ihereon pa~d ~n lull, fire ir.a.snt• in ~M usval surxlerd po~~ty 1am, in • sum •p{xoYed by ~M MORiGAGEE, •~d wind~~otm
insurs~ce in the c;sw! s;andard Fo! ty fo+~n, in • s~m •pproved by ~M MORTGAGEE, In ~uch compu~Y c~ ta^P+^'K ~?+t MORTGAGEE ~nay
di~K/p a~d a11 fir• and w~nde~o~m insuronce po:~ue~ on a~y of ~a~d kw~id~nqs, any int~r~st therein or part theraol, in tM pyrey~~e wn? aia~said ot i
In •acsss ~hcreof. ~hsll con+a~n ~hs usuel stanJud mO:t9~fle+ cf~u~ w such o~hsr clauss a~ ~M Ma~gage~ may r~qu,r~, m~linp ~M los~ u~dN s+~d pdF
ci~s, e~ch a~x! eve~Y. paYab!e to iaid M10RTGAGEE ~f ~~s imaresl may appear, and eacA ~nd eve~y svch poi~cy shall be promp~ly ~~s.q~ed +nd dtliv~r~d t0
~ny hald by iaid MOR1GAGfE as fu.~he~ security to a~d mwtp+y~ debt, and, not I~u tMn tan (10) days in adv~nc~ of tM tapuat~on ot e~ch policy, 1o dr
IivN to Nid MORTGAGEE • renewal ~hereoF, toyether wiiA • receipt iw ~he pre~nium o( wch rcnewal; a~d thers shall be no fir~ e~ w~nds~o~m ~^w~+~t~ ~
_ =ti! =~_--a:_ce!- :-e! ?T e4r rven! enY NMn
plKed on ~ny ot s~id bu~td~ngs. any mfereu incrom a pan ~i~~ar,6, .,,,:c» ~.Q ...:i: ic.3 ;:_,__.e
of money becomes pa~abte undcr such policy or pol~ues said MORTGAGEE ~halt hav~ Ihe opt;on to rece~ve and ~pply the sarr» on +ccount of tM ind~br~d-
neu setwed heraby w ro permit a~id M~tiGAGORS 1o reteive and use it d any part t~rreof fo~ otncr pwpo~es, w:~hout therao~ waivi~~g or ~mpair-
irg any pu;ty, li~n w r;yh~ under a by virrw of ~his mo:•yaye: ~nd ie+ tM event u;d MORTGAGORS siatl (a any reawn fail to kNp 1FM ~id pr~n?ius so
insv~ed, o? fail ro delivm pranpdy a~y of said polKies ol insura~ce to saed MORTGAGEE, w fa~l promptly fo pay iully any p~emi~m the~~for w in ~~y
~~~pect fail to pe.form, d+scha~ge, execute, •Ifec~, comp~cte, comply with and abide by this tove~anl, o~ any parl hsreof, said MORTGAGEE may p1~te anA
p~Y fo~ such insurance w any part thereof w~shout w~iving w affecrirp any option, lien, equ~ty, o~ righl unde~ w by virtw of thi• Mor~ysp~, and tht
full amou~~ of each and every sucA p~ymem ahall be ~mmed~~tety dus •nd paYabte ~nd •hall besr interes~ irom tFw date thc~eof ~n~it paid at th~ raq ot
nine per centum per snnum end togrther wi~h such int~rost aha{i lx sttured by ih~ lien o( thil mott9age.
1. To permil, tommit w aufFe'r no waste, knpairrrant p dcterior+tion of s~id property o~ any paA lhtreof.
S. To pay all and singuiar the costs, charges and sxpenses, ~~+cluding a reasonable attwney's fee and casn of ab~tratls of titte, incurred w paid ~t
~ny time by w~d MORiGAGfE, becsuse or i~ the eve~v of the fa~lure on 1hs part of the s~~d MORTGAGOR to duly, promptly ~nd fully pe~form, d~stha~9R
execute, effect, complete, comply w~th and ab:de by e~ch snd every th~ st~p~Iat~ons, agreeme~~s, conditions, ~nd cownanti oi u~d promiswry rat~ +~d th+s
mptga~e any a euhe., ar~d satd cos~s, charge~ and eapenxs, e~ch end every, sha11 be immed~atety due and payabla; whethe~ w not ~he~~ b~ rw~ice d~
ma~+d, attempt to co~lect w suit pend~ng; a~d the full amount of each and every such payment shall bear interest (rom the datt thereof until paid at fhe
rare o~ ncrx per cenium per an~wrn; and aU sa~d costs, char9es and expensrs iocurred or pa~d, togNher w~~h such inter~st, sAall b~ secured by 1M lien Of this
mort9a9e.
6. Tha~ in rhe cvent of any breach of this Morrgage or default on the part oi the MORTGAGOR, o? (b) in tM ~veM N+Y o~ s+'d w+^~ °f m°^~y
herein referred to be not promp~ty and fully paid w~~~~~ ~h~~ty 130) deys next af~er ~he same aeveralty becwne d~e +nd p+y+ble, without dem~nd or not~te.
o~ (cl in the event each and everr the stipulaiions, agreementt, conJitions and covenants of sa~d promissory note snd th~s mortgpe ~ny w tilher ~r~ nol
_•J
~uly. promp~ly and futly p~rformed, d uharged. e:ecuted. effecfed. completed, comple~d w~~h and abKleo ~y, ti+K? ~n ei~ner or ~ny s~c0. ::w i.... ~
pregat~ sum mentaned in sa~d pro~,issay note then remaining unpa~d. wilh imerest accrued. ~nd a{I moneys secured Ixreby, shdl becoa?e dw and pay~
eb~e fo~thwirh, w ~hercafrer, al ihe opt~on of sa~~ MQRTGAGEE, as ~vlly snd completely as if all of the said sums of mor?ey were apinally stipul~ted
to be pr~d on such doy, anythin9 ~n sa.d prom~sso+y nore or in this Mo+tgage to ~he co~tury no~w~rhatandu.g; and thereupon or the~eafta st tht option of
said MORTGAGEE, w~thout nor~ce o~ dema~d, awt at 1ew a in equity, ~herefwe w there~ha begun, may be prosec~ted ~i if all moneys s~tur~d Mreby
had mawred pnor to ns ~nst++tirion.
7. That in the event that •t the beginn~ng of w al any time pending eny ~u~t upon this AAwt~sge, w to forKbse if, or fo r~fdm it, or fo ~nforc~
payment of any da~ms hercunder, aaid MORTGAGEE shall app~y to the Court having jur~sd!a~on thereof for the appo~ntmem of • Receiver, such Coun sM1I
fo~thwith appoint a~eceiver oi said mo.tgaged property all and singulsr, includ~ng aIt and s~ngular ~he income, proiits, }asues ~nd revenues froen whdever
source derivcd, eech sr+d eve~y of wh.ch, it beiny e:oressly unders~ood, is hereby ma~tgaged es ii apeci(iut~y iet fwth and de~cribed in tht y?aMinq ~nd
habendum ds~aes hereoi, and such Recei.er shall have all fhe broad snd eff~ctive funa.ons ar+d powers in anywise entrutted by ~ Cowf p a Receivtr, and
such ~ppointment shalt be made by such Court as an ad~niued equity and a matter of atsotute rlght to said 6RORTGAGEE. ~nd withoul rofere~+te to th~
sdequacy o~ insdequaty ef thr va:~e of the property mort9ayed or to iht so~venty or insolvency o( uid MORTGAGOR w+he defendann, and Ihat such
rents, profits, income, istives ar.d revenues shaU be app~ied by such Recaiver accord.~g to ~he lien or equity of iaid MORTGAGEE and the prattiu o( suth
CouA.
8. To c~uly, promptiy and fuily perform, discnarge, exccute, effect, comptete, compiy with end abide by esch and every the ffipul~tions, agr~nts,
conditions and covenants ~n sa~d promis,ory note and th~s mortgage set fath.
9. That in thr event tho owne~ship of the martgaged premises, or any part thereof, becomes vested in • person other than the MORTGAGOR, tM
MORTGAGEE, its successors ard ass~gna, may, wi~hout notice to the MORTGAOR, deal wnh such successw w successo? in inteiest with reference 1o this
mortgage and the debt nereby secured in the same manner as wuh Mortqagor w~thout in any way vitiatir~ N d~xMrging the Mwlyagors' liability httt
under or u~wn the debt hereby secu~cd. No sa!e oi the premisee htreby mortgaged ar~d rto fo~bearance on Ihe pan of the MORTGAGEE p itt wccessors
or ass~gns and no exrens~on of the t~me fw rhe paymem of ~he debt hereby secured given by tM MORIGAGEE or its succeuws or ~u~gro, ~Mfl opsrat~
to reiease, d:scha•ge, mod~ty change w affect the or+ginal i~aG~t~ty of the MORTGAGOR herein, eifher i~ whole w in part.
10. Ir ~s spec~ficatly aqreed ~hat time is oF the essence of this corttrac+ and that ra waiver o( +ny ob~igatan hereunder or oi 1M oblip+fion s?
cured hereby shalt at any time ~iKreafter be held to be s waiver of the terms hereof d of the instrument secured he?by.
11. In aJd t:o~ to rhe fwego n9 monthly paymsnts oF p.inc pal and interest required by the promissory nofe secured hereby, mortgagof cWreMnfi
and agrees to pay to m.ortgagee vc.~h each ~non~hfy pa~r:,em an add~r~onat wm es'~~•ated by mortgagee to be eq~al to 1~'12 of the annwl cost of the follow-
i~:
A-All rea~ prope>ty ~ax:s le.~ad o. assessed ag~~~st the above descr~~ed real esTate.
B-Pr~~.:~v:: s cn (~~e and w~~:daTOrm msura~ ce as he~e~n req~;red to be carned on ~he :mproveme~ts sit~ate on the above described ptemises.
C-Prem~~~•.s o~ wch mortgage guaranty ~cs~.acce as mortgagec sha11 from t:me to t~me deem fit to csrry on the ban secured hereby.
Mortgagee s~~'I Ercm ~~~r.e te !~r.;e ncr:fy mo~?gager in wrihng of the amount d~e and payable hereunde~ ~nd such sum shall thereupon be dtre and
payable on thr dvF tiate of ihe nexr monthSy payment and each s~ccessive monrh thereafter ur.til mortgapes shap notify mortga9or of a eF?+ope in wth
amount. Such sums sFa.t be app!:eci by mortgagee toward the payment of real property taxes, msurance p?em.ums, and mortg~qe gW~anfy iMVrancf
p~emiums.
IN \VITNE55 thHEREOf, the sa~d MOR'GAGOR i~as hereunto ut his hand and seal the day s yg~r first esa' .
S~gned, Seafed and delivered in the presen<e of: ~
6u ~
roth . itis a sin 1 ~
adult ,L,~
. ~,~~U:j~:Ji~~~
r ~ ~
a~~~!'•.. Q
•
STATE OF FLORIDA ~ ~ ~1 ; . ' ..1: ;
SS. `
COUNTY OF - .~.'•t . Luc ie ~ = ~ ~ 1 ~ ~ ~ ~ .
:G ~
Dorothy r.. Latkaitis, a single adult _ i'' .f~ "
Beiore me personally appeered ~ i~r~r---~~ _
~to me w~It ~'j~pM~~J~~el'}por{~~tosne t0 b~
the individw~s descr~bed in and who executed the fweyoing instrurnerst, and acknowledged before me that they ex~+t~•1 k~~Gr-fbF t~.y~~oae~
.
therein exFresud. 7A~~C!(14
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~xx?~ca~x~cx~ex~a~ x x~nr~t~ara~i+E ~aracm~c~ ~
O~CliX:HWC)H7~911Cl~ilD -
/1. D. 19~
WITNESS my hand and official seal this - dsy of
tary Pu lic in s (w the Stats of Fbrida at Larp~
My ~xpites:
Return To:
First Federal Savings 3 Loan Associat~o~ S~
Of Fort P erce- ~~SSIO~ EYpf!!
Fort P~r.ce. Flo~;da ~,..N~ ~w.,,~,. i.~ ~ CM.~A Ca.w~r
This Instrument Prepared By (~a ^
L~ref FoilPral Gvinne R I nwn Assotie~l0~ ~ l~~ u r1
-
of Fort Pierce ~~p~da F11E0 AMD REGORDED
51. LUCIE COUMTY FLA.
Checked B ROCCA r'~~iRAS ~
Y CLERR Cls•CU~1 COURt
RECO~ i VEPiF1ED
Sfr 30 1 i va ~M'76 ~ -
~ n k ~/~'llt n.rr ~~I I ~ •