HomeMy WebLinkAbout0527 J. To pl~t~ and tontin~oui?y ktep on t!a bvi;dinp~ now w Mr~afrK 4w~H or u~d I~nd and on ~II equipmen~ a~d ps.wnalty cova~d by ih~s ma~~
p~. with ~11 pr~m~um~ thuwn pa~d in full. fin inwnna in tM wwl a~ndud poilcy fam, in • wm ~pprov~d by ~M MOR~GAGEE, and w~ndi~am ~
inwra~c~ in ?M wwl ~~u~dad pol~cy (am, in ~ wm ~ppror~d b~r IM MORIGAGEE. in ~uch company a cwnpa~i~s ~a 1M MORiGAGEE nuy
dir~ct~ and all fir~ ~nd w:ndito~m inwr~ep policin on any of aid buildi~pf, ~ny inNrnt tMrt~n or put rMr~of, i~ ~M ~pgre9~q wm ~lae~aid a.
In ~xaa dwrwf, aMll cor?uin ~M wual ~t~ndad enor~ppM ciaw~ w wch ahu clauw u ~h. Ma~p.9.~ may•rpuu~. m~Mi~p tM lo~s u~der aa~d poti~
ciN. ~ach ~nd •vMy. paYabl~ a aid MORTGAGEE a~ts intt~s~~ nnay ~p~»ar. u~d tach ad ~v~.y sucA po~~cy ~hall b~ p~ompNy ~u.y~d ~nd del~vued ~o _
any hdd by wid MORfGAGEE ~t furtMr ~ecwity ro faid ma~pay~ d~bt. ~nd. no1 1~~ tiN~ 1w? p0) days in ~dwnc~ ol th~ ~ap'u~tion of ~~ch pui~cy, to da
liwr ro uid MORTGAGEE a r~wal ~Mr~oi, top~~1+K wi~h • r~t~ipt fw tM ptemium o1 wch r~nsw~l; and ~her~ shaQ b~ no fue o~ w~nd~~o.m inwranc~
pl~qd on ~ny oi uid b~ildinps. ~ny int~r~st tM+~in or part fMr~ol, vnt~u in tM iwm ~nd with tM bu paYabl~ ~s •fa~said: and in tF+e ~v~nl •ny sum ' '
of non~y becom~s p~yable v~ wch polky w policies tak! MORTGAGEE ~fiall Mw tM option to r~ceive ~nd ~pply tM sam~ on ~tcovnt o( ~M ind~bted-
n~u ittw~d Mreby a b permit said MORTGAGORS ro rKtiw and uw If p a~y psrt IMreo( ta onc~r puryoses. w~~hout ~h-rcb~ wa~~i.~~ or .mps~r- t~'~.
iny anY p~~ty, li~n a ri~ht undK a by virtw d tAis mtrt~a~~ +nd in tM ~wnt uid MORTGAGORS ~hall ta any ~~~to~ f~il to kkp tM iaid pr~m~se~ w
insured, or fail b delivH promplty ~ny of Nid pO~iCiN o1 iru~ra~Ka Io sald MORTGAGEE, w f~il promplly to pay fu41y ~ny prsmium therelw or f~ a~y '
re~pM f~il b pN(a~e~, dixharqe, fXKY10, ~ffecl, tomp~et~, comply wl~h and ~bid~ by this wv~nant, a~ny part Mreoi, ss~d MORTGAGEE may pl~ce and •
p~y for tuch inwra~+c~ a ~ny part tM~ot withoW w+ivinp or df~ctkp any option, IiM. p~ity, or riybf u~der w by vi~tw of this Matp+ge, ~nd the
tu11 ~mouM of ~ach ~nd way ~VCA Piyf~10111 tIMII If! iRWMdU1~IY d1N a~J ~Y~W~ ~~+d ~l+~II be+? tntN~it from ~h~ d~t~ ~Mreof un~il paid at tM rat~ ol
nine pN tentum per ~nnum arx! tq7eiher wirh wch tnrKesr sMU be ~ecwed by tM Iwe oi this matype.
To pumi~, oanmit or sufiN no wub. imp~KmeM or d~~~rior~tion of said propsrty a any parf thenof.
3. To p~y all ~+d ~irpular tFr cwt~, thHy~s and ~xpenses, inclvd&g a r~awnabl~ ~nor~+ey
• fes and ws~s of ~b~trscta of titte, incurred w psid a~
any time by said MORiGAGEE, b~caus~ a in tht ~wnt oI the f~ilun on th~ put of tl» uid MORTGAGOR to duly. promp~ly u~d fu11y perfwm. d~~chary~.
e¦ccut~. ettect, comptea. oomply with and abid~ by ~ad~ ~nd wery 1M stipufatip~t„ pretn~q, tonditions. ~nd covsnants oi said promiuo~y nota and ~hi~
mwrgap~ aMr or ei~Mi. ~nd u+d costs, chupa and expensei, each ~nd ewry. ~Full b~ immadi~tefy dw and payabl~: whe~her w not ?here b~ no~ice da
mand, attempt to colkd w wit per~d~r,pj .~+d rh. full amoun~ ot ..ch a+d .r..y wch p.yma++ shall bea~ i~~ereit from the daro thereof unt~l p~id ~t the •
~are of nine per cenwm pcr Wu~um; and all said cosH, charQe~ and exp~naes incwr~d w paid, topather w~th svch in~erest. shall b~ secured by tM liae of this
mortpa~, -
6. T}yt (a) in the ~vee~t of any br~ach of this Morty~ a d~fwlt on th~ part of the MORTGAGpR, or (b) in the event ~ny of sud sumt of mor~y
harein :eftrred to bs not prompNy ~~d fully paid withi~ thirty (30) days neal after the same seve~aily becoms due and payabl~, without demand o+ rotice,
or (c) in tl~e wet?t sach and every ttr stipulatiorn. a9re~+nents, cond~tions ~nd coveewnts of si~d promiuory rat~ and th~s mwtya9e any w either are ewl
iuly, promptly snd fully pe~fwmad, discFurped, execvted, effected, com~ted, tompl~ed wi~h ~nd abidsd by, ~hen in either a any such ~wnt tM said ag
yregat~ wm mtntaned i~ aaid promiiswy ~o?~ tMn r~maininp unpaid, with imsrut ~cuued. and all ma~ays secur~d FKrebY. shall beoar» dw and p~y-
eble fpthwith, or thareafter, ~t tM oprion of said MORTGAGEE, a~ fvlly and complefely as if all of the wid sums oi mo~ey were a~ginally itipulatcd
ro be pi+d on suth day, snythirq in said promiuory note or in this Mwtpaye to ths cont~ary notwilhstandiny; and thcrevpon w thereafte~ st the optior? of
said MORTGAGEE, without norKe w dam~nd, wit ~t law w 3~ equity, Iherefors or thereafter begun, may be prosecuted u if aIl moneys axvred lureby
had mahlrtd p~W1 1o iN i~utitulion.
7. Th~t in tl~e sveM that at the begi~ning of w~~ ~ny time pendinp any wit upoe~ thif Mortqsge, w to fwacloss if, or ro refwm it, or to a++fwce
payment of a~y clsims he*eunde~. ssid MORTGAGEE sMlt ~pply to the Court havinp 'ryrisd~ctio~ ~Mrao! (or the appointment of ~ Reteive~. svch Cour1 shalt
iorthwith ~ppoint a receiver of said mort9aptd propMy all and sirg~l~r, i~clvd:ng ~II and singular the ituome, profiri, issws and revemros from whatever
aeurce derived, each +nd every of whkh, it beinp ex~euly vnders~ood, n F+ereby mortgaged u if ape!;tically se~ fath and dea4ribed in the pranting and
halxndum davses hereof, ux! such Receiver shall have ~0 tM broad and effettive funttiom and poweis in anywise entrwted -by Cou?t to a Receiver~ and
•~ch eppolotm~nt shall be made by such Cowt as sn admitted equity and a mane? of absolu~e rght to said MORTOAGEE, and without reference to the
adeqvacy a inadequacy of the wlve oi the propKry mortpaged or to the sohrsncy or inwlvency of said N10RTGAGOR a the defendants, and thaf such
rems, pro(its, income, iuues and revcnve~ shall b~ ~ppli~d by such Receiver ~ccordinp to tia lisn or puity of sa~d MORTGAGEE and ths prxlice o( such
Court.
6. To doly, promptly and fully perform, diuhargs, execufe, effetl, c~ompkte, tomp~y with ~nd abide by each and every the stipula~ions, sgreements,
ccnditaea ar?d covenants in sa~d promiuory note and Mit mat~~ge set forth.
9. That in tl+e weM the ownership ot tla mort~ayed premis~s, w~ny parf thereof, bccomes vesfed in a penon othe? than the MORTGAGOR, the '
MORTGAGEE, its uxceswrs and assigns, msy, without eotice to the MOQIGAOR, deal with such wtceisor w wtcasor in interes~ with refe+ente to this
sror~gay~ and the deb~ he~eby secured in th~ same manner ~s with Nb~tgapa without in any way vilistinp a d~xha~g~.~g the Mortgayors' liability herr
under or upon the debt hereby secured. Np saf~ of tiw premises hereby morty~ged and no fwbear~nce on /he pan of the MORiGAGEE w its successors
o~ essgns ~nd no extension of rhe time fo? the payment of the debt hereby secured yiven by the N10RTGAGEE o? its suuessors w su~gns, s1uU opera~e
ro releas~, dixharyt, rnodify change a affett ths wg~nal liab~lity oi tM MORTGAGOR Mrein, either in whole w in part.
10. It is specifically agreed ~h~t time is of the essence o( this contract and that ra w~iver oi any obltgatan hereunder or of ihs obligation sr
cured hereby shall a~ ~ny time thereafter be heW to be a waiver of the terms haeol or of the iratrumeM secured herby.
11. In add~tia~ to the fpcgo:hg monthty psymenrs of princ'pal end interest reqvired by the prom~swry note secured hereby, mortgagar covenartts i
end agrEes to pay fo mortgagee with each momhly payr,,e~t an add~rionsl sum est~rnated by morlgsgee to be cqual to 1;'12 of the annuat cost of the fol{ow-
:n~:
A-Alt resl property faxa levied or aasessed against the above described re~l estate. •
B-Premiums on f~re and windstwm inswance as Ixrein requ:red to be arried on ~he improveme~ts s+tuate on the above described prcmises.
C-Premiuma on such mo.tg~ge gwranry i~su?snce at mor?gagee shsll irom t~me to ti~oe deem fit ro carry on the ban secured hereb~.
Mortgagee shail from time to time notify mortgago? ~n wriGng of the amount dve and payable hereunder and such sum shall tbereupon be due and
Fayable on the due date of the next monthly paymem and each succeuive month thereafter ur,til mwtyagce shall notify mor~gagor of a charge in s~ch
i a~ ount. Such sums al,al) be spplied by mortgagee towud the payment of real property taxes, i~?surance prem:ums, and mortgage g~aranry insurence
p~emiums. ' ~
E 1 TN Y~iHEREOF, s+id MORTGAGOR has hereunto set his hsnd and sea) the day and ye fi sf
~ al d ed in the prese*xe of: ~ ~
~ fIlEO ~h0 REGOit0E0 , an
S1. ~~~~E COUM?Y F~ a s ai le a
~ , ROCER P01~RAS
~ - CLfaK ~IR~IE1d COURT
(Sea~
~ , ~ . ; V£ ~ xan
STATE OF FIORIDA 44 AN'
~ ~
cour,nr oF St. Lncie .
~ a ~'1$~ ~
Befae me personally appe~rsd t O@8 8 8 1@ t • ~
~ r. i
fo me welt3cniq~rli-~l~d. ~ -b.me ~o H ' ~
the individwb descr~bed in ~nd wta ~xecuted tFa foreyoirg irutrwnent, and acknawledged before me that they ex~eQ I~s sse~'~to?.}hi':pw~esls
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rherein expresfad• = -l~_ -
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WITNESS my hand and official ual t" day •of ~9 ~ ;}4. A'~9~
~ ~ ~J ~ V
~ Not ry Public in and for the State of Florid~ at lsr9e
. My Commission expires:
~ Returo To:
~ 'int Federd Savings 3 Loan l4uociat~an
~ i
~ Of Fort P~erce_ w
~ Fort Pierce, Florida
y:~. ,
- . P~Y. '•'a~ ~ !
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~ ~.t ~
~ This Instrument Prepared By R. E. FOINDSZTSR .
~ F~rst Federal Savings & loan Assouation '
of Fort Pierce ;
~ Fort Pierce, florida 33450
0~ _
Checked By S+~_.~ ~~x PA~E 5 j
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