HomeMy WebLinkAbout0971 3. To PIKf and contim?ously ktep on tM Eu~!d~nys now or Mreaf~t~ ~ilu~te on ~a,d I~nd ~nd on +11 eqvipm~nt ~nd p~nonNly covtr~d by 1Ai~ mo+tp~
aQ~, wi~h stl premi~ms ~hereon pa~d in lutl, lire inaur~nca in tM ~~ual ~~andard poticy form, in ~ sum approv~d by Ih~ MORTGAGEE, ~nd w~nd~torm
insur~nc~ in H+~ usual i~andard poLcy fam, in a sum epprov~d b~ ~M lNORTGAGEE, ir. such comp~ny w companiy u Na MORTGAGEE may
dinclj ~nd ~p fir~ and w~ndstorm in~v~anc~ pol~ues on any ol said buildinpa, ~ny ihN~~~1 tMrtin p part Iher~ol. in ~M aypr~q~~~ wm ~fwsuW a
In ~zces~ ~he?eof, sMll contain ~M ~~w1 ~tandud mor~gs9N clauw a ivch o~her clauu tM Ma~9agN m~y r~qu~r~. aukinp ~F?~ loss u~ u~d poli~
ciei, ~acF? and ~v~ry, payabl~ ~o +aid MORTGAGEE ~s i~s i~~erest m~y appeu, and a~ch and •ve.y tuch policy ih~ll b~ promp~ly ~a.~Md ~nd d~livered ~o
a~y held by said MORiGAGEE ~s (u~ths~ setu~ity to s~id mo~lpaye dcb~, and, no1 I~u than t~n (10) d~ys in adv~nc~ ot tM ~xpiralion o} ~ach policy, to cM-
liva ~o t~id MORTGAGEE • re+~wal tF+~r~o1, loq~~her wi~h a rK~ipl fw Iha prtmiwn of ~uch r~new~l; ~nd ~Mr~ shall b~ no fin w wind~tam Inw.anc~
plac~d o~ any of s~id bvitd~ngs. sny inrer~sr th~r~in or pan ~iureol, vnleis in ~h~ (wm u+d wi~h th~ lou p~yabl~ a~for~said; a~d in ~M ~wn1 any ~um "
o} mon~y becomes payable under ~uch poticy w pol~cies said MORTG~isEE shall Mv~ ~M Optiprl ~O IKliv and ~pply 1M sams on accoum of tM ind~bted-
neu secured Mreby or ro p~rmit said MORTGAGORS to ~eteiv ~nd uN it w any part /hereof for onc~r purNOfef, wiehout ~he~eo~ waiviny a ~mpair• '
+rp ~ny tquity, lien or ~igh1 unde~ a by virlw of lhis mo:tpa9r, •=~d in ths ~v~~t sa~d MORTGAGORS sMll ta ~ny nason fail to keep tM aid pt~mises so
inivred, o~ f•tl ro de~~~e~ promp~ly a+?y of uid polKie• of insur~nc~ to said MORTGAGEE, w fail p~omptly ta pay fully any premium tMrefor o~ in ~ny
r~spect f~il b pMtwm, diuMrge, execute, eifect, ccmplete, compfy wieh ar~d abid~ by this covenant, or any pan Mr~of, s~id MORTGAGEE m~y pl~ce and ,
paY fw such (nsu~entt w ~nY par~ thereof wi~hou~ w~ivir?p or ~ffac~inq any option, li~n, pvity, w riphl ondN a by vi.tw of this Mortp+y~. ~nd the
full amovnl of ~~ch ~nd ~vtry such p~yment sMll b~ immediately dw and payabl~ ~nd sMll be~r imeres~ f~om rh~ d~h ths~tof ~nti! paid at tM ~at~ oi s"~`i~,
nirK per tentum pN ~nnum aod togefhe? wi~h s~rch inferest ~hall be iecured by tM li~n of fhis mortp~ge. '
~1. To pe~mit, cwnmit d suf(er no wast~, impai~rtxnt w dete~ior~tion of s~id property or ~ny puf thtreof.
S. To p+y ali and sinyvlar the costs, cMrpe~ ~nd expen~es, inctudirq a re+sonabl~ at~wney's lee and co~ts of abstr~cta of titl~, incuned w paid ~t
eny time by said MORTGAGfE, betause p in the tvent of the (ailure on the part of tha ssid MORTGAGOR to d~ty, promp~ly snd fuNy perfam, dracha~Q~
execu~s, e}/ed, comptets, compfy with and ab:de by each and every tl~e stipul~~ions, ~reements, corsd~tiau, and covenants of s~id promissory no1~ and this
morly+ys any o~ e~~he~, and sa~d cosn, cMrges and expe~ses, each ~nd ~v~~y, shall b~ immediately dw and payable; whe~her a not the~~ b~ no~ice de
m~r?d, attempt to rnltect or suit pend~ng; and the full amo~nt of each artd every s~ch paymsnt ah~l! be~. inte~e~f from the datt tMreol until p~id at the
r~te o! nine per centum per ~nnu:n; and all said cosu, cha~yes and expeoses inturred w paid, 1ogelher w~th suth inler~sl, ~hall b~ tKUred by tM lien of thii
moN~~.
6. Thaf (s) in the event of any bresch of this Mortgage w default on 1he part of the MORTGAGpR, or (bj in the event ~ny of =a~d svmi of money
herei~ r~ferred to b~ not promptly and fvlly paid within Ihirly (30) days nesl ~f~e~ the same severally become dw ~nd p~yabl~, without d~mand or notite,
or (c) tn the event each ar+d every ~he stipuletions, sgreements, cond~tions and covenants of ss~d prom~ssory note ~nd th~s mat9p~ ~ny w tither •re ~wl
iuly, p.omptly u?d (uUy perfwmed, d~icharged, executed, effected, compteted, compiied wifh and abided by, tFwr? irt eiths? a any s~ch wem tln iaid aq~
g~egste sum mentioned in ssid promisswy r?ote then remaioinp unpaid, with imeresl atcrued, and all moneys secured bereby, sMll betome dw and pay-
ab~e forthwith, w thereaFter, a1 the opr~on of said MORTGAGEE, as fvlly and completely as it all of the said wms of monsy wert a~pinally t~iputated
ro be pa~d on such day, aoything in sa;d p~om~ssory note a in this MatQage to the contr~ry notwithstandinp; and thereupon a there+fter ~f th~ op~~on of
sa~d MORTGAGEE, without notice or demand, ~uit at law or in equity, therefae a thcreafter begun, msy be prosecutcd ~s if dl moneyt s~t~red hereby
had matured pnOr to its institution.
7. TMt in the e~ent that ~t the beginn~ny of w at any time pending any su~t upon this Mwfgsge, or to fo~etlose it, a to refwm it, w to enforct
paymenf of any claims herevnder, ssid MORTGAGEE shall apply to the Court having jurisd~ction ihereof tor the ~ppa~tment of • Rec~iver, such Cwrt shall
forfhwith appoint a reccive. of said mortgagad property all a~d airqul~r, intlud~ng all and sin9~lar Ihe income, profits, issu~~ ~nd ~evMVes from whafever
wurce derived, each ~nd avery of whKh, it beirq expressly ur+derstood, i~ hereby morrgaged ss if spec~fic~lly aet fath and deacribed in tlk prantinq and
hebe~dum clauses hereof, and such Receiver •hall have all the broad end ef(ecr~ve funct~ons and powen in ~~ywise entrvsted by • Court to ~ Receiver, ~nd
~uch appointmero shall be made by such Court as en admitted eqvity a~d a mafter of absolute riqht fo s~id lIAORTGAGEE, and without ?ele~ence to the
edeqvacy a+ inadequxy of the valve of the prope.ty mortgaged or to the soivency or ;nwlvency of said NIGRTGAGOR or the d~fe~daoy, and that iuch
~enrs, profits, income, iuves and revenues shatl be applied by iuch Receiver according to the lien or equity o1 s~id MORT('sAGEE ad tM p?actite of suth
CouA. •
8. To duly, promptty and (ully perfwm, d~scharge, execute, effed, co.nplete, comply w;th and abide by each and ewry Ihe stipulations, agreements,
conditions and cove~ants in sa~d promisswy note and thit mortgage set forth.
9. That in the evero thr ownership of the mortgaged premises, or any parl fhereof, bccomes vested in a perwn other than fhe MORTGAGOR, fhe
4!ORTGAGEE, its successors and ass~gns, may, without notice to the MORTGAOR, deal with such successw w successw in interest with ~eference to this
mo~tgaqe and the debt hereby securtd in the same manner as wi+h Mortgagor without in a~y way vitiatir?p q d~xMrging the Mwtyagors' liability here-
under a upon the debt he~eby secured. No sale of the premises hereby mortgaged and no forbearance on tht pan of the N1pRTGAGEE or its tuttessors
er assigns and no extens~on of the time ia ~he payme~t of tAe debt hereby ucured. g+ven by the MORTGAGEE a its successat or ass~yns, ,hall operate
ro relesse, d~scharge, modify change or affcct the ori9inal liab~lity of the AM1ORTGAGOR herein, either in wFwk or i~ part.
10. It is spec~f~cally agreed that time is of the essencs of this cont~act and that no waiver of ~ny obligation I+e~e~x~der or of tM obliy~tion se-
cured hereby shsll ~t any lime there~fter be held to be ~ waiver of the term~ hereof w of the instr~ment secured herby. _
11. In add~~ion to the forego"ng monthly payments o( princ'pat and inte.es~ reqvired by the promiuory rwle se~ured hereby, morl9agor ~ovenants
and agrees to pay to mortgagee wiTh each monthly pay~nent an add~rio~al sum est~mated by mortgagee to be equal to 1/12 of the an~ual cosl of the follow-
in~:
A-All real property taxes ~ev~ed or assessed agai~st thc above desaibed real estate. •
B-Prem~ums on fire and windstorm insurarce as here~n ~equ~red to tx carried on the improvements aituate on fhe above desaibed pemises.
C-Premiums on such mortgage gu~.anty insurance as mort9agee shatl from ~~me to time deem fit to tarry a? the loa~ secured hereby.
Mortgagee shatl from nme to t~me notify mortgagor ~n wr~t~ng of the amount due and psyable hereunder and such wm shall there~pon be due snd
~ ayable on ~he due date of the next monthiy payment and each s~ccessive month tleereafter ur.til mortgagae atiall notify mortgagor of a cMnpe in such
~ aTOUnr. Such sums sF.ail be appLed by morrgagee ?owsrd the payment of real property taxes, insurance prem:ums, and mortgaye gvsranty i~surance
'y premiums.
~
IN WITNESS WHEREOf, the sa~d MORTGAGOR has hereunto set hia hand and se~l the day and r ~a(wes~ ~
Siyned, Seated and de(ivered in t!x presence of: ' ~~i
RE~UAO~~ 1~i^~
fIt.EO ~N ~OUNTY f d Wilson
r - St•tpvOGER ppiTRAS ~Seaq
t~.... . .n .
C1.E~K+tEFtf EO ~0~~''r
~v ~
REE~r'~ *~~~1 i
annie t~. ~ i o, i~' KI- .n
SiATE OF FLORIdA ~ 1~ N 3~Q~,72
COUNiY OF St . Lucie _
8efore me perwnally appeered ~ Wi'Ison
.~d
Fannie r1111SOIl his wife, to me well known and k~own to me to bs
rhe individwfs described i~ and who executed ~e ioreflan~ trument, ~nd scknowledged be/ore re~e tMt they exacuted the same for the p~rpoaes
rherein expressed. And the said Fann ie B. W~~ S OD
.vife of the said 1 SOII
upon e separate and privat~
examinaYwn by me taken separate and apart (rom her ssid husband, stknowledged to and befwe me tFwt sM exetuted said inslrvmeM freely u?d volun-
rarily and without any compulsion, constraint, apprehension, or feu of or from txr said huiband.
WITNESS my hand ar?d offic~al seal this l U~ dsy of ~ A. D. 19Z
G~l•. x.~
Notsry Public in a~d for the St~te of flor a+t tar~
Retum To: My Comm~ssion exa?K: Augug!• 30~-..1980
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fint fede~~l Ssvinyt 3 loan Association 'r k'~
Of Fort P~erce. ; t r. .
f.', 'E ' • '
:
Fort Pierce, Flor~da . ' ~ ~ ~ , ;
. - _ . . . .
This Instrument Prepared 8y Gary F. Bllwood _
~
First Federal Savings 8 loan Association ' .
of Fort Pierce " ~
, Flori da f ~ t'
~
Checked By Ff "1 ~iQt1 fA•`.~ i7l.i't
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