HomeMy WebLinkAbout0652 3. To p~xe end ca~t~nuoualy ka~p on ~he bu~:J~n~s now w h~~esfr~r s~tvste on ~a~d ~and ~~~d on ali eq~i~xnem ~nd p~rson~lly cover~d by thi~ map-
~p~, wi~h •11 premium~ ~h~reo~ pa:J in iul~, f~re ~nawance in ~he us~~1 etande~d po~~ty lorT, in • s~m approwd by ~he MOR(GAGEE, aod windstpm
insur~nt~ in the us~al s~andad poi.cy fo~m, ~n a wm app~owed by ihe MORTGAGEE, in ~uch comp~oy or con+p~n~~s ~s tM MORTGAGEE m~y
d'aeclj ~nd •II iu• •nd w~nds~orm iniurer.ce polk~es on any of ssKl bvild~np~. ~oy inte~~~t thtr~in or parl tht~eof, in Ih~ ayy~e9~~~ wm ~tor~s~id w
{o ~xtes~ Ihereo(, ~hall tontain tht uwal ~tanderd mortgayea ciaufe or wch othtr clauss •s ~M Mor?9a9N m~y requu~, maMirq IM bsf undN u~d poli-
cies, each ~nd svery, payrb~~ to said MORiGAGEE ~s its intereft m~y ~ppee~, and each and •very fucA policy ~h+~l b~ promP~~V ++~•q^ed a'd d~.'~a~d ~o
•ny held by taid MORTGAGFE iw~her srwruy to said mwtgage debt, and, e+ot lesa than ten (10) days in adv~nc~ o( Ihe expinlion ot e~ch policy, to d~-
live~ to taid Ml7RTGAGEE • ranewa! thereof, toge~hsr with • rtte~pt for the premium of such rfnew~sl; and there shall b~ no iue or wind~tam in~urant~ !
pIK*d on a~y of s~id b~~~tdings. any intare~t ~herei~ or part lhereo(, unlesa in the form and with tM loi~ payeble as afatsaid; ~nd i~ the •v~nt ~ny wm
of rtan~y becanes paysWe under tuch policy a pot~cie~ said MORTGAGEE shal~ hev~ ~he opt~on to ~eceive and ~pply 1M s~m~ on accounf of 1he indebted- `
nefs ~etured hereby o? to pennit said MORTGAGORS ro receiv~ and uie it a•ny psrt tAereof for othcr pu~pose~, w~~h~ut ~hr~eo~ eraivi~.y or unpa~r- f
inp any equ~ty, lie~ or riqht under a by virtue of lhis mor!gaye; ~nd in Ih~ event taid MORTGAGORS sAaO fw any reasw~ i+i) to keap ti~e t~~d p«mitd io ~
fnsu~ed, or f~il to de~ive~ p~omptly any o! said poGciea of in~u~~nte to wid MORTGAGEE, o~ lail promptty to pay (u:ty any p~smium therefw a in My
respect fail ro pN(orm, d~scharfle, execute, effecl, completa, tomply wi~h and abide by thi~ covensn~, or any part hereoi, s+~d MORTGAGEE may p~~t~ •nd #
pay (W such insurance or any part Ihereof w~thovt waiviny ot atfecling +ny option, litn, equity, ot righl unda~ a by virlw of this Mortp+y~, and th! {
full amount oF each a~d every tuch peymeni shall be ~mmedi~tety dve and peyable and shall bear interest irom ths date thereof until paid at ths ~ate o1
nine per cen~um pe~ ann~m and rogethcr wiih such inre~cs~ shait bc uwred by the lieo of this mortyage•
1. To permit, commit or suffer no waste, impa~rment o~ deter~oration of sa~d propetty o? any part the~eof.
5. To pay a~l and sir~gu~u ~he cous, chergea and expenus, ~nctud~ng a reasonabb sttwney'~ fee and co~tt ot ~b~trads o( ti~k, iocuped or p~id at
eny time by ssid MORTGAG'.E, because a in ~he •vent of the {silure on the part of ~hs said MORTGAGOR to duly, promptly and fully pt~form, d~xMrq~. ~
execvte, eifect, canplere, compty w~th and ab:de by esch and every ehe stipulanons, sgreements, conditioni, snd mvsnantf of sa~d promiawry nofe and thi~
mptgage any o~ eirher, and sa:d costs, charges and eapenses, each and ~very, fhall be immediately due and payable; whether w not ther• b~ no~ic~ ds ~
mand, attempt to coilect a suit pend~ng; ~nd the f~ll amount of eath and wery such paym~nt shall bear interea~ from the date th~reof unti) paid ~1 th! F
~afe of n~~e per crnr~m ~:vr annum; and aU sa~d coats, chsrges and expense~ incurred u pa~d, toge~her w~th s~ch interest, shalf b~ ~etured by tM li~n of thia !
mortys9e. i
6. That (a) in tRe event of any breach of thia Mortgage or default on tM part of the MORTGAGOR, or (b) in the event eny of said sums of mon~y y
he~ein reFe~red lo be not promptly snd fully paid wi~hin thuty (30) days next affar the same severally become dve and payabl~, withput dem~nd a notits,
or (c) in the eveM esch and evQry ~he afipu'~a+icns, agree:nents, condrtia~s and covenanb of ta,d promisswy nots and fh~s mortgay~ ~~y w ~ither ar~ no1
~uly, promptly and fully performed, d+scharged, e~ec~eed, eifected, completed, compl~ed with and ab~ded 5y, lhen in t~ther w any such ~vem tM ~aid ap~
g~egate wm mentioned ~n said promissory no+e then roma~ning unpa~d, with inferest acuued, and aU moneys secured he~eby, shsll ?xca~n~ dw end pay-
ab~e tonhwith, or ~hereafter, •t :he op!~on of s,,id MORTGAGEE, as ~utfy and comptetely aa il afl of ~he wid sums oi mooey were wgin~lly ifipulated
to be pa~d on such day, anything in sa.d pro=n~asory nore or in thia M~tgage to the co~rrary not,~vithstsnding; and the~evpon w thereafte~ at ths oplion of
sa~d MORTGAGEE, w~~i,out nor~ce or demand, su~t at law or in equny, therefore o~ thereaher lxgun, may be proaewted as if ~II mwxys s~cur~d h~reby
had maturcd pno~ ro ds instituhon.
7. Tha~ in the e.ent ~har af ~he beginn~~g at or af any hme pe~*ding any su~t upon this Mortg~ge, w fo faeclose it, w to refwm it, or to enforu
payment ot a~y cl,~ms he~eundcr, sa~d MORTG:.G.E shail apply to thr Cou~~ having jurisdiction thersol for the eppo~ntment of • Receiver, such Covrt sMll
Forthwith apF•oint a rece~~er of aeid mortgaged properh~ all end singular, [ncl~d~ng all and s~ngutar the incoma, p~olits, issues and revenues irom what~ver
source derived, each ancl every of wh;ch, it be~ng e•pressly ~nderstood, is he:eby mo:tgaged as ~f spec~fiully sef iath and dest~ibed in tM praMinp and
habend~m ctauses hereof, and such RrceiYer slwl: have all ~he broad and effecr~~e tunct.o~s and powers in anywise entrusted by • Cou*1 to • Rsceiver, +nd
tuCh appointment shall be made oy svch Ca~rt as an ad•n~fted equity and a matter of absol~~e righ~ to fsid MORTGAGEf, and withoul reference to the
edequacy or inadeq~acy ot the valve oi ih~ property mortgaged or to the so:vency or inso~venty oi sa~d MORTGAGOR o~ the defendams, ~nd that ~uch
renes, p~ofits, income, issoes and revenues iha~l be app~~ed oy such Rece~va accord~ng to the lie~ w puity of sa~d MORTGAGEE and the practice oi such
Courl.
8. io du~y, promptty ard fuUy perform, d~scha:ge, execute, elfect, complete, ccmpl~ w~th and •bide by each ~nd every the stipulations, pte~menri,
conditions snd corenants ~n aa~d pro:nisso~y nore and th;s mortgage set forth.
9. That in the event the ownership of the mootgaged prem~ses, a any part thercof, becomes vested in • person o~her tMe~ the MORTGAGOR, th~ ~
M.ORTGAGEE, its successw~ and ass~gns, may, w~~hovt ~otice to the ~VIORTGAOR, deal with such successp or successw in intetest with refertnce to this
matyage and rhe debt hereby aecur~d in the same• manner as with Murtgagor w~thout in any way viti~ling a d~scharg~ng the Mw~yagon' liabilify hera
unde~ w vpon the debt hereby xcu~ed. No sale of the premrses hereby mortgaged and no iorbearance on the part of tl» NWkTCaAtifE w in succeison ;
or aas~gns ard no e.re~s~on ot the t~me fo~ the paymem ot the drbt hereby secu~ed given by the MORTGAGEE or its auccesson w auipns, ?lufl oper~te ~
i
ro retene, d.~cherQe, rtwdify change or nffett the o~eg~nat iiab~fity of 1he MORTGAGOR he?ein, either im whole w in part. ?
s
10. It is spec.fically agrred that time is of the eaurxe of rhis contract and that no waiver o~ any obliyation hereunder or of tlw oblipation sa F
cured hereby shatl at any time thereafrer be he:d to be a wa~ver of the ferms hereof w of the instrument setured herby.
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11, In add:tlo~ to rhe forego'ng month•.y paymer,ts of princ pal and inrerest requhed by the promissory note secured hereby, mortgsgor toven~nb
~ .d sgrees to yay to mo~+gagee v~ith tach monthty payrnent an add~~;onal sum cst:msted by mortgagee to be equal to 1/12 of the +nnwl cost of the folfow-
A--AII real property faRrs ~ev~_d o~ assesscd aya~•~st t6c above desvibed reai estate.
I
~ B- Grtm~~~na on fhe and wir:dsto•m inswance as he~em req~.~ed to be ca•r~ed en the :mproveme~ts fitwte on the above desuibed premisp.
C-Prcmwms on sueh mortgage gua•anty ~r.svrance as morrgagee shall from t~me to time deem fit to carry on the ban secured hereby.
~ M.o.rflegee shji~ !~om time to ~~rne nct~fy mortgsgor m w~~hng of the amo~nt du^ and psyable hereundrr and such sum shell thereupon be due and
~eyable on ~h,r dve date of ihe ne¦t month,y paymenr and each success~ve moMh thereaiter until mortgagee shall notify mortgagor of a thange in such
~ a~•:ount. Such sums sFail tx ap~::~~d by morrgayee w+:ard fhe paymerr of real property tsRes, insurartce prem,ums, and mwtgaye gwranty inwranc~
p~emwma.
~ IN ~~ITNESS VVH:REOF, the sa~d MORTG<.GOR haa here~~tito ut his hand and scai the dey and year fint afwesaid.
$~yned, Sealed and delivered in the prexnte of: ~ -~L~
ol~f ~.Ll,~ ~
~ - ~ 0
+4
- - - ` ~
SiATE OF fLORIDA ~
S5.
COUNTY Of _ • Li1G1C ~
Before me personally appeared Herbert S. '~i/dZ(~S and
Dorothy EdMaIC~S his wife, to me well known snd k~own to n» 1o b~ s
the ind~viduats descr:bed in and who executed tF?e foreyai.~insZO~IIy
aWdtC1S ~fOfe me thaf they exetuted the aame (or the purposes
r therein exprossed. And the s+~id__---- I~~ ~
~ ,Nife of the se~d - _ _-~r eI . war S - prv~n 3
ie i
~ eaemination by me taken sepa.ate ar.d apart from her said husbartd, ecknowledged to snd befwe me tMt shs executed said inatrument freely and vol~rr i
~ ranly a~d w~thout any GOmpui5~0f1, co~straiM, apprehens~on, or (esr of or from her said husband. 3
~ WITNESS my Mnd and off~c;af ual th~~._ °2 - day of A. D. 19 76
~ Notary Pub1K '~nd i tM Stat~ of fbrid~ at larp~
~ My Commissi expires:
Rerurn To: i
First Federal Savings d. loan Associat~o~ '0~ ~~Y ~
of Fo~r v e~ce. LL6T 'NYf S3MlJX3 NOISSINIMO~~
N
~ Fort Pierce. Fior{d~ 3y~~~ ~ r~~bQy p~~ •~~M
~ NOTARY PUBUC. STATE ot RORIDA ~t LARGE \``~~~`~l~'~~tii1~~~•ur~; .
~Y CG'dY,~SyiGH EXPIRES JAN. 7. 1977 ~'~~;'.:...:~•'ll,
; This Instrument Pre~red By RiCha?Id K. Kd es ~ ~r ~~S ~ ' ~ • "
~ First Federal Savings 8 Loan Association y ?
of Fort Pierce Florida. = ~ ,~~~~~jr~ '
~ ' a~a F~cu~oEO = ~~'E.~=~ p ' _
fi~EO MTr F~~. ~ o ~ _ ~
:t1R1~5 ~ • ~ ~
Checked By St. W CEP ,~J = ~ ~ j ` - ~
1 :
~ Cuit COU I, : CQ ~ ~ _ • '
or.-:.t~' ~E'~F FAGE .5;, •';'c.
~ CtERr,~' E:'r~e~0 U4~~ , .4 ' i
~ :;~~E~~c)1 ,'b .
~rz I 11 S3 AM