HomeMy WebLinkAbout0079 To plac~ and continuously keep on 1M bui'd~ngi naN a M~e~tta ~itu~t~ an said I~nd and on all equipmenl ~nd ptrwn+lly tov~r~d by thit ena~~
p~, with ~11 premiumi ~hereon pa~d in (ull, t~re iniurance ~n tM ususl ~tandard poficy form, in ~ ium appro~ed by tM MORfGAGEE, ~nd winds~am
Insuranc~ in ~M u~wl sfendard pol;ty to~m, in a tum approved by tM MORTGAG[E, in ~vch company o~ comp~ni~s u t!» MORTGAGEE may
dir~dt and all fu~ and w~nda~orm 1~suranc~ polkiss on any o( t~id Fwild~~ps. ~ny Inr~re~~ ther~in w part fhereol, i~ tM app~ey~~~ tvr+? a(a~~aW~or
In ~xceu ~he~aof. ~MII con~a~n the uswl s~a„da~d ma~ga9a daua o. such o~her d~us~ ai tM Mw~y~pte may reQw~~. ma?inp ~M los~ undN ~s~d p{fIF
ciw, e~ch and •very, payabt~ to sald MORTGAGEE• a~ ~ts in~e~est ~nay appeu, ~nd esch ~nd ~very ~uch policy ~hall b~ promptly a~s.yned u+d detive~ed ito
~qy held by sa~d MOR?GAGEE as iur~hN ~ec~rity to ss~d mortyag~ debt, a~d, not I~s~ ~hae ten l10) days in adyance of ~M ~apiration of ~ach polky, to OF
M~r to iaid MORTGAGEE a ~enewd thereof, tope~ha with • r~cs~pl 1w IM premium of tuch r~newal; and ~her~ ihall b~ no fir~ o~ winds~am in~uranct
pl~ced on any o1 uid buildinys, ~ny ir~~ereit 1her~in a par~ fhereof, u~leu in ~he fo~m ~nd with tM ~o+s payabk as a~w~widr ~~d 4~ tM ~v~m any ~wn
of mon~y becomes payable under wch policy w pol;c~es said MORTGAGEE ih~ll Mw th~ optiw~ to receive snd apply the same on +ccou~t of th~ ind~bted-
" eeu secv~ed Mreby o? ro p~~mit ~aid MORTGAGCRS to ~eceive ~nd uu it a aoy pa+t ?hereof la other purposes, vri~hout ~hr~co~ wai~~~~y~ o~ unpaia
• inp ~ny eq~iy, lien or ~~gh~ under a by vi~tw of rhis ma!y~yet ~~d in tM swnt ta~d MORTGAGORS tFw~l iw any reawn (ail Io keep the said p~~mises ?o
v insured, or fail fo d~liver prpnptly ~ny of is~d pol~cies ol ins~~ant~ to sa~d MORTGAGEE, w iail prwnpl~y 1o pay fuily ~ny premium therefa or in any
~ r~spec~ fail ro pe.fwm, diachuge, execute, elfsc4 complare, comply wi~A and ~bide by this covenanl, a any p~rt Mr~of, s~id MORTGAGEE may p~~c~ a~d
ss pay fa such insur~ncs or ~ny pan tMreoi withouf waivirg w af(ectinp ~~y optioo. litn, tquity, w right v~da a by virtw ol thi~ Mor~pwt. ~nd the
full amouM of e~ch and svtry ~uth payment shall be irtvnediately dw and payabls and sh+ll bear i~tarest irom tM dah tM~eof until paid ~t th~ raN o)
nint per tentum pe~ ~n~um and togrther with such interest shall be secured by 1M lisn of this matga9e.
1. To p~rmit, commit w sufFer no waste, impairment a deterioration of said property a~ny part thereof.
S. To p~y ~11 and sirgutar the costt, charpes ~nd e:pentes, includinp a reason~bl~ attaney'~ fee +nd cosn of ~bstracts oi titls, incurr~d a p~id at
eny time by said MORiGAGEE, bec+use w in the evero ol tF» lailura on th~ part of ~M said MORTGAGOR to duly, promptly ~nd fully ptriwm, diuMrg~,
e:ecurt, effect, comple~~, comply ,n~~h end ab:de by each ~nd every the ~tipvlat~ons, preements, conditions, ~nd mve~ants of said promissory not~ and this
mortyape ~ny or eifhcr. snd ~~d coan. cMryts and e:penus. each and every. ~hall bs unmediatety due snd pay~ble: whHi+e? a not tha• b~ r+ot~ce dr
m~nd, attempt to colkct w suit pend~ng; ~nd the (ull amount of each and every such paymem shall bear im~r~st from Ihe d~~~ thereo4 until p~id af tM
ra~e o~ nine pe~ centum per amwm; and all said wst~, charyes and e:penses incurred w paid, ~ogather w~th suth intttesl, shall b~ iecured by tM li~n o~ thi~
mort9ag~.
6. TMt (a) in tM event of any breach of th~s Mortgaga w default on the psrt of ths MORTGAGOR, w(b) in tM ~vent any of faid wms of rtqney -
herein refer~ed to be no~ prompNy and iully paid wi~hin th~rty l30) days neic~ afte~ the same uverally become due ~nd payabte, wi~hout dtm~nd w notit~,
w(d in tMe event exh and every the stipulat~ons. agrecmentt. cond~tiona and covenants oi sa~d promiuoiy no~e and th:~ mor~paye any p ei~her ~?e nol
~uly, promptly and fully parformed, d~scha~yed. e:ecuted. eftected, completcd. complied with and a~~ded Sy. then in either or ~~y such ~veM the said a~
pregata wm mentioned in said p~omissay rat~ thcn remaining unpaid, with interest accrued, and all moneys setured hereby, shall bctom~ dw and p+y-
able fathwith, a thcreatter, a1 the option of sa~d MORTGAGEE, as fully and completety af ii all of Ihe said sums of money were apin~lly Nipulsted
to be paid ot~ such day, anything in sa:d promisswy nore w in fhis Matg~ge to the contrary notwithst~ndiny; snd thereupon w thereafter ~1 tht option of
; said MORiGAGEE, w~tt~uf norice w demand, suil at law a in equity, therefwe or thereafter begun, may be prosecuted u if ~II moneys ~atured Mreby
had maturcd pnor to Ai institution_
' 7. ihat in the event tfist at tt?e beg~nn~ng oi or ai any time pe~ng any su~i uaon ti,~s htatgage, w io iaetios~ ii, a to refdm it, w io enfwts
payment of ~ny clsims hereunde~, ~sid MORTGAGEE ~hall spply to ~he CouN haviny ~u~.sd~a~on thereo( fw the sppammeM of • Receivar, ~uch Goun sMll
Forthwith ~ppoint • ~eceiver of said morfpsged property all and singvlar, intl~d~ng all and ~ingular ehe intom~, profits, i~svtt and reveoues 1~om wfist~ver
wures de+ired, exh and every of wh:ch, it being expressly understood, is hereby mw~gaged as ii spec~ficstly set fwth and detcribed in the yrantin~ and
habendum clauses hereof, snd such Receiver si~alt have all the broad and etfecrive funct~ons snd power~ in anywise eMruated by a Court to ~ Receivsr. ~nd
tuch appointmenl zhall be made by ivch Court as an admitted equity and a ma~ter of absoluta r~gh1 to said MORTGAGEE, and without r~ference to th~
adeqvacy w inadequacy of the value of the property mor~gaged w to the w~vency or ~nsolvency ot said MORiGAGOR a tM defendant~, ~nd that such
~ems, profib, income, iss~es ~od revenues shall be applied by such Receiver accord~ng to the lien a equity ot taid MORTGAGEE s+?d the practic~ of such
Courf.
8. To duly, promptly ~nd fully perform, d~uharge, execute, effect, comptete, comply w~ith and abide by each e~d every the stipulatans, agreemenb,
conditio~s ~nd covensnts in ss~d promissory note and th~s mwtgege set forth.
9. Thst in tM event the owne~sh7p of ~he mortga9ed prem~xs, or any part thereof, becomes vested in • perwn othe~ than the MORTGAGOR, th~
M.ORTGAGEE, its succruon snd ass~gns, may, w~thou~ no~~ce to the N.ORTGAOR, deal with such succeasor a successor in intereit wi~h reference to this
mo~tgage and the debt hereby setured in the same manntr as with Mortgagor without in any w~y, vitiatiry or d~sthuying the Morf9agors' liabilit~ her~-
under p upon the debt hereby secured. No wle of the prem;ses hereby morlg+ged u+d no lorbearante on the p~n of the MORTGAGEE w iri wcteiso+s
or sugns and no extension of the t~me for the payment of the debt hereby secured 9iv~n by Ihe MORiGAGEE w ib succ~sson w au~qm, shali oper~t~
~o refease, d+scharge, nwdify thange or aftect the or:g,nal liab~l~ty of the M~ORiGAGOR he~ein, ~ithe? in whole w in par~.
10_ It is spec~fically ageeed that time is of the essence of this contract ~nd that no waiver of ~ny obli~~tion he wnder w of tM oblgation se-
cured hereby shall at any time thereafter be held to be ~ waiver of the terms hereof w of !he instrument secv~ed herby.
11. In add~tio~ to rhe iorego:nq monthty paym-nts of princ"pal and interest required by the pfomisswy no!e setured hereby, morigsgor covenants
and agrKS to pay to mortgegee with each monthly payment a~ add~+io~at sum est~mated by mortgsgee to be equat to 1 f 12 of the annual cost of the fdlow-
ing: -
A-All real property taxes kvied w a:sessed agai~st the above described real estate.
B-Premiums on f~re and windstorm insu.ance as herein requ~red to be carried on the improveme~ta situate o~ the above described premises.
' C-Premiums on such mortgage guaranty insurar,~e as mOrtgsgee shall from t;me to time dtem fit to carry on tbe ban secu~ed hNCby.
Mwtgagee shaf~ lrom rime to rime norify mortgagor in writ;ng of 1he amount due and payabte hereunder ~nd such sum shall thereupon be due ~nd
payabte on the due date of the next monthly payment and each successive month thereafte~ urtil mortgagee shall notify mortg~gw of a change in wch
' amount. $uch sums shall tx applied by mortgagee ~oward the payment of real property taxes, insvrance prem:ums, and mortgage gusnnty insur~nce
~ premiums.
I IN WITNESS WMEREOF, tke said MORTGAGOR has hereunto set his hand u~d xal the day and yesr fint siwesaid.
~ Siyned, 5ealed~~nd ~ ivered in the presence of: '
~ T-(SeaQ
, 8T':'' S_~ i12':~1gI~~ 0
~ l~iZ. • l~M.~ ~i~ (5ea~
t3ette :i~:r~nan
SiATE Of fLORIDA ~
courvnoF "t• Lucie u- ; •~;-~,;,;~,;1~
''....'•~a'O~fi~~i
Bsfore me pcrwnally appesred i-iarr• S. a~ '~I?'lAt1 i!
~ 3e t te :'•i . H a r 3tr,an b;, M,~r~, ro r,s;,,,~en ~A ~'~r'a w b.
the individwls described in and who executed the faeyoin~ instrument and ~cknowledged beiwe me thst they aitetuted tht ~ame fiF~Mpt purpo~es
~ rherein expressed. Md the said -~3ttB :1• fiard.^~an ; = '
• - --i ~
wife of the said H~rry iiartim~n~ i T ~ ~~('j~~te]nd privat~
e,amination by me bken separote and apart from her said husband, atk~wwfedged to a~d before m~ that she ez6~~~id ~frwoe~ heel~T~and volun-
rorify and witMovt any compvlsion, tonstraint, appr ~on. a feu of or from her said husb~nd. 'I~. .,..•••'~,j ?;titi'`
WITNESS my hand and of(icial sea! this day oi ~ C!?1}J % ~ ~~~x, p, 19~1_
1{41
Notary Pu lic and the Stat~ of Flor' ~t [up~ .
My Commission ex es:
Return Ta '
fint feder~l Savi~gs a loan Association SU~ Oy R~t~i ~1 V~
01 Fort P~erce. 3O. 1980 -
Fort Pierce, ftorida u ~~ss~ ~x~~ /
~ ~r~ „~„w,. f.. a c..wr1 ~°~p+' .
~ ~2~~
This Instrument Prepared By v&r f;%.. 7ohl~s '
First Federal Savings ~ Loan Association A ~ ~ e ~
of Fort Pierce , Florida i
he ked B~ . A ~ 1i d~1~ .
C c y , • ~ ~4 -
• , ~E p ~ ~d~1~4
~E ?9 10 8 ~s I~'~6
. o~c ~
I