HomeMy WebLinkAbout0004 • ` '
3. To pl~c~ ~nd conrinucus~y ke~p on ~he bui'd~nps now a he~eaf?~r ~~~va~~ o~ ~a~d land ~~d on ~11 ~q~ipment ~nd perfon~lly tov~red by tl~~i ma1Q~
p~, with ~11 pr~miurns diereon pa~d m futl, I.re insurance in the uwal standsid po~icy form, in • sum •Nproved by ~ht MORfGAGEE, •nd w~nds?am
insunnc~ in tM u~~al uandard poi.cy tor~n, in a sum •pprored by ~M MJRIGAGEE, in ~uch company or comp+nies ~s tl+e MORiGAGfE may
d'uK?~ ~nd •il fir• and w~ndsiorm insurance po:~t~e~ on any o( sa~d build;nps. any int~~e+1 1he~ein o~ pan thereo}, in Ihe ~Qyrc9at~ wm dpssaid o~
In ~xceis thcreof, ~MII contain ths ueual s~a~xiard matgegre clauie a ~uch otM~ dause ~s tM Mo~ryaQe~ may requ~r~, maAinp th~ {otf unde~ sud po~i~
cia, eacA ~nd wery, piyab!s a said A10RiGAGEE a~ ~~letatt may app~ar, and e~ch and wary wch pof~cy ~hatl b~ promp~ly au yned ~~d deliv~r~d ~o
any M~d by said MOR(GAGEf af tui~he~ secu~iry ~o said mortflage deb~, ~nd, not 1~as tMn ~en (101 day in ~dva~t~ oi tM txpiration oI exh polity, to d~-
liva to ~aid MORIGAGEE •.enewal ~hereof, toqerhsr with e ~ece'~pt !a ths p~~mlum o1 iuch renew~l; and there shall b~ no fir~ or :.inds~orm insurance
pl~ced on ~ny of sa~d bu~td~ngs. ~ny inlero~t therei~ a pa~~ Hureof. unle~s in ~he (orm and w~th ~M tou payabl~ as ~ia~~aid: •nd ir+ tl+~ w~M ~ny i~m
~ Ot mon~y t,ecaMS payable under~Ch polity or policie~ wiJ MORIGAGEE shali h~re ~M opGOn fo recerve and apply tM s~m~ on account o1 tM indebted~
~ Mu secured hs~eby w_b pe~m~ITi~d MORTGAGORS 1o receiw u+d uH it p any part thercol tor ott~cr purpoars, w~tho•~t thcr.o~ wainng or ~~op~ir-
~ irp a~y equ~ty, I~en a righ~ unde~ or by virtue of ~his mor~gage; and in the event sa:d MORTGAGORS ~hall ta ~ny r~ason f~il to keep ths sa~d premise~ so
~ Inwred, o~ (~it to detiver promptty ~ny qf seid policiei o~ infurants to s~id MORTGAGEE, or fsil promptly Io pay fuily ~ny p~e~nium Iherefa a in any
' rtfpetl ~ail to pe.(am, disch~~ge, execute, ef(ecL complete, comply wi~h ~nd ab~de by this cove~+ant, or ~ny pa~~ herwf, sa~d MORTGAGEE m~y pisce a~
pav for such insuranca or any part thereof wi~hou~ w+iving ot sf(ectt~g ~ny option, lian, puily, or right unds~ a by virtw of thii Morty~ps. ~nd th!
fult ~mount of each and every auch paymem sM1~ be ~mmeaa~e~y due eoo pey.v~e ...c: ,;.:tt j.r^+ a~M ~~~f w~til paid ~t ~he rate ol
nine pe~ ceneum per annum end ~ogrfhe. wieh s„ch inre{es~ sha1; be secu.ed by Ihe liee oi thi~ mat9pe.
4. io ptrmit, commil w suffer no wsste, impairment p deteriorafion of fa~d property w any paA lheaeof.
S. To psy •11 and tin9ulu the coits, ch+rgea and expenses, tnclvding a rcaionsble al?o.ney's tes and co+~f of abs~?scti ot title, incvrred o~ paid at
~ny time by u~d MORTGAGfE, because a in she ~vent of the ta~lure on the part of d~e said MORTGAGOR to duly, p?ompNy ~nd fulty periwm, d~xharg~.
exauts, e(fetL comptete, comply w~Ih and ~b:de by each a~d every ths stipulat~on~, ~greeme~ts, conditiona. ~nd cow+unrs of ssid promiasory note ar+d this
mwrgage eny w e~rher. and iaid cost~, charges ind expenses, each and every, fhall be immediately dua and payabls; whether a no~ rhe:e be ~+o~ice d~
mand, sttempt ro collec~ u iuit pend~ng; and the full amovnt of e:ch and evc.y ~uch pa~mem shatl be+r intereit from rhe d~t~ thareof unti! paid af the
rate of nine pe~ crntum per annum; anJ ait said ccsrs, che~ge~ and E:penies inturred or paid, togNher w~th suth imeresf, ifiall bs setured by 1he lie~ oi Ihu
mort~~.
6. TMt in 1he event of any b~each of thii Mw~gsg~ w default on tM par~ of the MORTGAGOR, o. (b) in ~hs svent any of uid sv~ ot monsy
herein referrad to bs not promptly and fulty paid wi~hin 1h~rty (301 days ne~c~ afrer tF+e same uverally become due and payable, withoul d~mand or notice,
o~ (c) in ths event each and every the s~ipulat~ona, agreemeots, condltions and cove+ums of sa;d prom~swry nots and th~s mortpaye any a either •re no1
~uly, promptly and futly perior~ned, d~scharged, aeccuted, effected, completed, compl~ed w~~h and ab~ded 4y, then in e~ther w any-svcl+ event tlw said ~g
q~egat~ sum mentqned i~ sa:d p~omissory note ~hen remaininp unpaid, with interest accrued, and all mo~ey~ setured hereb~, sMll becoms dv~ ~nd pey-
•ble fwt6with, u~hereafrer, at the opt~on of said MORTGAGEE, ai tvlly snd compleie~y as if aIl ot tl~e sa~d avms of money were ony~rully sr~pulated
to be p+~d on such day, any~hiny in ss~d p~an:ss«y note or in ehis Morrgage ro the contnry notwitFutand~ng; snd thertupon or therealter at Ihe op~~on of
sa~d MORTGAGEE, w~~hout no~~ce or demand, iu~t at law w in equ~fy, there(we or ~hcreaher begun, may be prosecu~ed as if aIl moneys secv~ed hereby
h~d matvred pna to ~ts ins~itution.
7. That in fhe event thar st tF~e beginn~ng of or ~t any t~me pend~ng any ~uit upw.~ this Mortgsge, o~ to foretloie it, w fo refwm it, w to e~fwce
peyment of any cla~ms hcreunder, safd MORTGAGEE shail apply to the Cour~ having i~nsd:ction thereal /or the appo~ntmeM of a Receiver, tvch Covrt ~hall
fo~rhwi~h sppolnt s receiver ol said mortgagcd property stl and singuia?, inctud:ng at1 and s~ngvtar tM i~come, prof7ts, iasues and nvenves f.om whatever _
source derived, esch ~nd every of which, being expressly understood, ~s hereby mor~gaged as if tpec~ficsUy set fath and describ~d in the 9~anting and
habendum tlauus hereof, and such Receiver ahali have all the broad and elfec~ive fu~ct.ons end powers in anywise entrusted by • Courf to ~ RKeiver, and
such appointmenl shall be made by such Cou~t as an admitted equity and a matter of absolute r;ght to said MORTGAGEE, ~nd without reference to the
~dequscy p insdequxy ot the wlue uf ~he property mortg~yed or to the so~vrncy or ~~solvency ol said MORTGAGOR or the defendants, a~d that such
renrs, profits, income, issues and revenves shall be appt~ed by such Receiver accwd~ny ~o the fien or equity of s~~d MORTGAGEE and the pr+ttice of tuch
Covrt.
8. To du}y, promp~fy and fully pe?(wm, d~scharge, e,cecute, ef(ect, complete, comply with and abide by each sr?d e~ery the sNpuiatio~~, agreemenri,
cond]tans and covenanh in sa~d prom~isory note and fhis matgagt set fwth.
9. That in ~he event the ownenhip=ot ~he mortgaged prem~ses, of aoy parl thcreoi, becomes vested i~ • perwn other than tFro MORTGAGpR, the
M.ORTGAGfE, its ~uccessors and as~~gns, may, witho~t notke to ~he MORiGAOR, dcal w~~h such successor w succcssa in ~nterest with ~eference to this
mutgage and the debt hereby secured in fhe same manner as with Nbrtgagor without in any way vit~ating or d~xharying tM IIAo~tg~gors' li~bility he~r
under oc upon the deb~ hereby secured. No sate o( the p~emius hereby mo.tgaged snd no Iwbesrance on the pan o1 the MORTGAGEE a itt successors
or aasi9ns and no eatension of the r~~r,e (w ~he payment of the deb~ hereby sec~red y~ven by the MORTGAGEE or its auccassors or assigns, shall operat~
to rNea», d~scharpe, modify change a aftect the w~gmal liao~tay o1 ?he M~ORT.~sAGOR here3n, c8sher irt whok a in pan. ;
10_ h is spet~fically agr~ed tha~ time is of the essence of rhis co~rract a~ed that no weiver o( any obl~gat~on hereunder or of the obliyation se-
cured h~reby sh~ll at any time thereafter be hcld to be a wa~vcr of the terms hereof o? of Ihe instrument secu~ed herby.
11. In add~~ion to the forego rx~ monthly paymenfs o4 princ pal and ime~es~ requ~r~d by the promissory nore secured hereby, mortgsgor covenants
and agrees to pay ~o moregaqee v~;rh each mon~h;y pa~.~.enr sn add~+~onsl svm ear+mared by mortgagee to be equal to 1 j 12 of the snnual cost of the follow-
ing:
A-AIt rcal property taxea lei~ed or asscssed against the a6ove descri5ed real estate. _
B-Pr~miums on 1ve and w~ndstorm insurar.ce as here~n req~;red to be carried on the ~m~roveme~ts situate on fhe ~bove described premises.
C-Premiums on such morsgsge guaranty insurar.~e as mortgagee shatt ~rom r~me to time deem iit to tarry on the ban secured hereby.
Mortgsgee sha11 (rom rime to time norefy mortgagor in writ~ng of the amouM due and payable hereunder and such sum shal) thereupon be due snd
payable on the due date of ~he ne,ct month:y payment and each successive month theresfter ur,~il +nwtgagee shall ~otify mortgagor of a change in such
amouM. Such sums sFafl be appliecf by mortgagee toward the payment of rea! Qroperty taxes, imurance prem;ums, and matgage gua~anty insurance
premiums.
IN WITNE55 WHEREOf, the se~d MORTGAGOR has hereunto set his hand a~d seal the day a~ yeat first afaesaid.
Siyned. Sealed snd delivcred in the prescnct of: t~~~~r1/'L' n'/~t
e~`/4~ ''''"5 cs~~q
:~or r~ ~i r^~s
. : ^ ~ s.,o
ie ~iarris tr{:.ie ) ~~~q
.
.
STAiE OP FIORIDA - V r~~'.'fi~~~%
~ „
COUNTY Of " i. . i C 3 C ~ • , . .,t . ~ Y•
t _ t 8 (t ~ 6 .
Befo~e me pe~wnally appeared :~U t: P, "t 1.. i' fi.^ S d ~ v'I and
a~ vYl 2. A}t si:' 1 3 ' hia wite. ~a ~x orsl~ k~ow~+ a,+d ,k,?o~~ ro me ~o b.
?he individuals desu'+bed in snd ..Fa exccuted ~he ~nojrg instrumenj, and ecknowtedged before me that tlf'y ~S~eeat~t~t~ ~rAe tw the pwpwea
',~--.n ~ e ~i r ri s ~ -i- ~
IF~erein ~spressed. Md the said - -
ttOD6T't ~i. F;&T'P13 ` _ • '
wife of tM said ` ypon U~ e~ and priwt~
e:am~nstwn by me taken separate and apa.t irom he~ said busband, acknowtedged to and before me that she ex~cuted'~eidYmtrdhteep~T"r~ly ~nd rolurr
tarily and withovt any compv!sion, constraint, appreh qn, or fesr of or trom !?er sa ~d husband. ~ ~
J6 C 6i'. t~@ T'
WITNE55 my hand and official seal this_ } dsy of A. D. 19 ?
i
Notary ublK in • for the State of Fbrid~ ~t laryt
My Commis .
Retu~n io:
Fint feder~l Savings 3 loan Associat~on ~ptt~ S~t! 0~ ~Otl~i i~ ~
Of fort P•P.tCP.
fort Pierce. Fbr~da Mr Cb011lYlf1011 EtpWK ~0. ~9~ ~Q~
~dW W A~w,un fi~ ~ 4w~r GMMf ~ .
~~+'J~~~1
This Instrument Prepared By ~~ar,r )on~s ' p
First Federal Savings 8 Loan Assotiation f~`Eq ~~L °E~~Y
f~1?•
of Fort Pierce , ~'lori ST_~UC~~~ QQ~t~1,S
pOCE~,i~u~T C~UR
Checked By CIEp'~ ~R~ f~~EO
aECOR~
. 9 ~1 ~z
. 0~
ioou~~~. P~?cE ~ -4 ~