HomeMy WebLinkAbout0330 To pl~c~ •nd continuously keep on the buildings now or Mreafrer ?itua~e or said land and on ail rqvipment and pe.sonelly covered by ihis matg-
~g~, with all premium~ thereon pa~d in ful4 ~'~~e intur~nce in Ihe ufual standud polity form, in a sum approved by tl:e MOR~GAGEE, and w~~~dstwm
insu~ant~ in 1he ~iusl ~tandard pol~cy (am, in a ivm ~pp~oved by tM MORTGAGEE, i~ tuch company or compan~cs +s ~M MORTGAGEE may
direct; ~nd all fire and winditwm iosu~~nn policie~ on any of ia~d b~ild~np~, any im~rest therein or part ~hereol, in Ihe ~ggreys~e ~um alo~tsa~d or
In ~xt~ss Ihe~eof, tMll contairi tM uswl sundard mor~gage~ tlaust o~ such oiha clauss at tM Mo~tgagee may requar~, msking ~ha lou u~Je~ sa~d poli-
cie~, tach and every, payaW~ to ~aid MORTGAGEE ~s itt intere~t may appear, ~nd each and e~ery i~ch poi;cy shall be p~omplly ~ss.9~cd +~+d delivered ~o ,
~ny Mld by said MORTGAGEE as fvnhK iecurity 1o s~kl mortga9~ debt, ~nd, not lea than ten (10) days io ~dvarxe of the expiro~~on oi e+ch poi~cy, to de- '
I~vtr to said MORiGAGEE a ~enewal thereo(, tope~Mr with a~eceipt tor the premium of t~ch rtnewal; and there shall be no i:re or windsto~~n insurante t
plac~d on ~ny of said buiidinps, ~ny inttresl thersin or part thtreo(, u~less in the form and wilh the loss payable as atoresaid; and in the eve~t any sum
of ma»y becomei payable under such policy w policias taid MORTGAGEE shall havs ~M option fo rece+ve and apNly the same o~ account of ~he inJeb~ed-
neu fetured he~eby w ro permit said MORTGAGORS to reteiva a~d us~ it p a~y parl thercof tor othcr Furposes. ~v~ihout ih~~~u~ ~ti~ivi.~~ o~ ~~~~p~~~-
ing any equify, li~n w right u~der a by viriw Of this mort~age; +nd in tM tveat ~aid MORTGAGORS she~~ tw any reason fa~l to keep the said premiset w ^
in:ured, or fail to deliver promptly sny of said polities of insurance to wid MORTGAGEE, w lait promptly to pay iulty any pre~nium Iherelw w in a~y
respect fsil 1o perfwm, discharge, execute, effect, complete, comply with and ab~ by thts cova~wnL o~ eny part hereof, sa~d MGRTGAGEE may p~ace and ^
pay for futh insurance w ~ny parl thercof without waivin~ w aftectinp any option, lien, equi?y, o~ right u~der a by virtue of this Mo~tgage, and the
full amovnt of each and every such payment shall be immedistely dw and payable ~nd shall bear inte~est irom tha date thereo( until paid at the ra~e of
n~ne per centum per annum and togethe? with such inte~es~ shall be secured by the lien ot this matgage.
1. To permit, oommit w suffe~ ~o wasro, impairmeot a deteraration of aid prope~ty or any part lhereof.
S. To pay all sad singulu the coari, chargtf end eapeases, including a reason+ble attorney's (ce and costs of abst~xts oi title, incurred or paid st
eny time by said MORTGAGfE, betauss or in the event of the failure on 1F~e p~A of Iht said MORTGAGOR to dvly, promptly and fully perfwm, d~scharge,
executs, effed, complete, compty with and ~b~de by eath snd every the stipulations, agreements, conditioni, and tovenanb oi said promisto note and this
mortga9e any w either, and u~d cosfs, cF?aryes and expenses, each snd every, shall be immediately due snd payable; whether w not fhe~ no+ice de
mand, attempt to collect w suit pendin~; and the f~ll amount of each and every svth paymcnt shall bea~ ir.:erest trom the date thereof I paid a1 rhe
raie of nine per centum per annum; and all s~id costs, charges and eaper?ses i~curred a paid, togetker ~v~th such imerest, shall be secured by tha lien ol th~s
mortya~e.
Q That (a) in the event of any breach of this 1Norryage w defavlt on the part of the MORTGAGOR, w(b) in the evenf any of satd sums of naoey
herein refared to be not promptly and fulty paid wirhin thirty (30) days nex~ afte? Ihe same seve~ally become due and payable, w7thout demand or noTice,
or (c) in the event each and eve~y the tti~ulations, agreements, conditions and covenants oi sa;d promissory note and th~s mortgage any or e~~F~er are no1
iuly, promptly snd fully pe~formed, d~scF?arged, executed, effected, completed, complied with and abided by, then in e~ther w any such evem the sa~d ag
gregate sum menYaned i~ said promissory note then remaining unpaid, with interest acuued, a~d a11 morrcyi setured hereby, shall become due a~d pay-
ab:a fathwith, or theresite?, at the option of said MORTGAGEE, as f~lly and completely as i( a~l of the said sums of mo~ey were orginally it~puiated
to be paid on svch day, a~ything in satd promiuory note or in thfs hAartgage to the co~nary notwithstanding; and ?hereupon o~ thereafte~ at the opt~on of
sa~d MORTGAGEE, without ~otice w demar?d, suit at Isw a in equity, therefore w ~hereafter begun, may be prosecuted as if all moneys secured hereby
had matured pnw lo ifs irutitution.
7. That in the eve~t that at the beginning of w at ~ny time pending any s~~t upon this Mo~tgage, or to fwetlose it, w to reform it, or to enforce
payment of eny claims hereunder, said MORTGAGEE sFwll apply to fhe Court having jurisdiqion thereof for the appo~ntment of s Receive~, such Court shall
For~hwith appoinf a receiver o( said mwtgaged property all and singvlar, incivd~ng all and singula~ the income, p~ol~ts, issucs and revenues from whate~er
io~rce dtrived, each a~d every of which, il being expressly ~~derstood, ii hereby mor~gagcd as if speufically set forth snd desc?ibed in tF+e granting and
habendvm clavses hereof, and such Receiver shall have ~II the b~oad and effettive funct~ons and powers in anyw~se entrusted by ~ Court to a Receiver, and
sLCh appointmeM shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and wirtwut reference to the
edequacy or inadequacy of the value o( the property mortgaged w to the sotvcncy or insotvency of s+~d MORTGAGOR a the defendants, and that such
renrs, profits, income, iuues snd revenues sFwll be applied by such Qaeiver accord~ng to the tien or equity of said MORTGAGEE and the practKe oi such
Court.
8. To duly, promptly and fully perform, discharge, execufe, ef(ect, complete, comply wilh and abide by each and every the stipulations, agreements,
conditions ~nd covenants in sa~d promissory note and this mortgage ut forth_
9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a pcrson other than the MORiGAGOR, the
M~RTGAGEE, its succeuors and assgns, msy, without ~of~ce to the MORTGAOR, deal wi~h such sutcessor w successor in infe~est with reference to ~his
n,orrgage and the debt hereby secured in the same manner as with Mortgagw w~thout in any way vitiating w d~uharging the Mortgagori liability herr
under or upon the debt hereby secured. No sale of the premises hercby mo~tgaged and no fabearence on the pert of the MORTGAGEE w its successws
er assig~s and no extension of the time for the payment of the debt hereby sscured given by the MORTGAGEE w its successws w ass~gns, ahall operate
io releau, d~xharge, Rwdify change w affecl the original liability of the MORTGAGOR herein, either ir whole or in part.
10_ It is spec~fically ag~eed that time is of the esunce of this contratl and that no waive~ of any obtigatlon hereunder a of the obligat:on se-
c~red hereby shall al any time thereafter be held to be a waiver of the terms hereof or of the instrument sec~red herby.
11. In add.tio:+ to the forego:ng monthly paym~nts of princ'pal and inte~est required 6y tha prom:ssory no!e secured hereby, mortgagor covenants
and agrees to pay to mo:tgagee ~rith eacfi monthly pay~nent an addnional sum est~mated by mortgagee to be eqoal to 1,' 12 of the annual cost of the follow-
;~9. • •
A-AU real property taxes levied or a:ses:ed agai~st thc above described real estate.
B-Premiums on fire and windsto~m ir.surance as here~n requ~red to be carried on the improveme~ts situate on the a6ove described premises.
C-Premiums o~ such mortgage guaranty insurar,te as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby.
Mutgagee sha!t lrom time to time notify mortgagor in writ~ng of the amount due and payable hereunder and suth sum shalf thereupon be d~e and
I! Fayable on the due date of the next monthly payment and each svccessive moroh thereafter until matyagee shall notify mortgaga of a change in such
an,ount. $uch sums shall be applied by morigagee toward the payment of real prOperty taxes, insurarxe prem:ums, a~x! mortgage guaranty insurance
premium3. ~
~ IN WITNESS WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and~ear first aforesaid.
~ Signed. Sealed and delivered in the prestnce of: a ~
( ~i~. ao
~ S~~~i,~~~d~~~ ~ I • er
~ _ AOCER POITAAS ` ~,q
~ - ' c~ERK CIRCUtt CCURT
_r~ : ~ ;j'R+=1E~ t5ea1)
l~arv . MYller c~an
- •:~r.r~..
aF~ z2 3 s2 PM t_-
STATE OF FLORIDA ~ • i ~ ~
couNnoF St. Lucie ~ f':.
B~fa~ .~~i~ a ~ Walter S. Miller : : ~ -
P~ Y PPeared ; ~ g. and
~Zy? Miller his wife, to r»cwelh_k anif'luwwn fo~.n~to be
the individuals deuribed in and who executed the foregang instrument, ~nd acknowledged before me that they fxec~.{h~_faeib fot ~e`'pOrposes
rherein expressed_ And the said Mary S. Miller ' ~'t
'I. - . ~s .
++~fe of tF~e ~~a - Malter Miller ~iy upa~ a sl~~rate ~ild private
eaam~nation by me take~ separate and apart from her said husband, atkravrledged to and before me that she exetuted s~id instror6l~f{t ~Te~l~and volur?~
ra-~ly and w~tho~t any compulsion, constraint, apprehensan, or fesr of w from her said husband. k
WITNESS rrry hand and official seal tF~i: 213t day of A ril A D. 19 77
~
~
~
~ Notary Pu lic in and for the State of Florida st large
~ My ion expi?es:
~ Return To:
First Federai Savings 3 loan Association py~1t, ~Jt! O~ ~1di l~ ~Jf~!
Of Fort P~erce. 30. ~~Q
Fort Pierce, Florida Mr
{o~Nd A ~r Fw f Cr++r ~
~
This Instrument P~epared By G~1ry F. HlltroOd
First Federal Savings 8 Loan Association
ef Fort Pierce
Fort Pierce, Florida 33450 .
Checked By ~ ~ ~
,
. . ~
• mp