HomeMy WebLinkAbout0733 3. To place and co.+lin~w,ely kNp on tM buildmpf now w I+~re~1~N ~ilwl~ or ~~id land and oe •It equ~p~nem ~nd p~r~onally covered by ~his mwtq.
~y~, wi~h all p~emiwns the~eon pa~d in full, Kre insuranct in 11?~ ~wd Nandud po6cy lorm, in a wm •ppro~•d b~ tht MORiGAGEE, and w~nd~wrm
~ni~rant~ ln tAs ~~ual Nandard pol~cy fam, i~ •~v~n ~pp~ov~d by tM MORiGAGEE, ie ~uch compa~y w canpanip as ~M MOkTGAGEE m~y
dir~elt and ~I) /ir~ •nd winduwer. ios~ru,c~ policies on ~ny of qid build~~+qti ~ny iMer~~t thaein or pa.1 th~~oal, in Ilx ~pyrryare sv~n afae~a~d w
in ~ac~ 1h~r~of. tMll contaio tM usual ~tandard mort9ape~ t1auM w s~ch o~F+M clws~ ~M Ma~9~g.~ may r~qu~n, maMinp th~ lois u~~de~ sa~d Po~~
u~~, e+ch ~nd evNy. paYabl~ to said MORiGAGEE ~n int~re~t may app~ar. and each and ~v~ry s~ch poi~cy ihail tx promp~iy ~~s.gned and ci~l~ve.ed io
eny h~ld by aid MORTGAGEE as (u~~AK securit~ to ~aid mortpa~ d~b~, and, nw 1~~ ~h~+~ an (10) dayi in advanc~ oi tM expir~t~on ol e~ch pol~cy, to dr
i~vtr to uid MORTGAGEE a r~newal thtraot, toy~~M~ wi~h a rectipt for tM premium of ~~ch ~enewel; and ~hers shali be no f~rs o~ windito«~ intursnce
pl~c~d on any of sa~d build7ng~, any inreretl the~tin a pan thsrtoF, u~tess ln tM torm ~nd with tM los~ pay~ble ai alae?~i~: and in the •vent any ~um
of morKy becomes payable under such policy w pol~cih said MORIGAGEE shall haw tM op~~on to receive and apply the isme on accoun~ o( ~he indcbted~
neu Neur~d hersby or t0 pe~mit ~aid MORTGAGORS to ~Keiv~ and u~ it w any pa~t thercof io. othe. pur~~o~ei, w;~?n~~ iha•eu~ .v~~~~~~9 or ~~„p~~.-
iny any pvity, Iien or riqht unde. w by virtw of this morfpp~t and G+ tM ~vsm w:d MORTGAGORS shall (w sny reawn ta~l to keep 1M w~d premi~e~ w
insured, or fail fo deliver p~omptly any ol iaid policiei o1 insuraru~ fo said MORTGAGEE, w iail promptty 1o pay iutly any pre~nium therefw or in any
re~pM (ail 1o pe~fam, disthar~, eaecuts, ~ffM, tompl~ft, tomply with utd ~bid~ by thi~ tovenan~, w any part hareof, sa~d MORTGAGEE may p~ece a~~d
pay fw ~uch Irtsuranc~ o~ any parl ~hereof without waiv~np o~ ~ff~ctinp any option, lien, equity, a ~cgh~ under a by v~rtue o( ~his Matgaye, and the
f„11 ~movM of exh ~nd tvNy such payment sFNll be immediately dw ~nd p~Y+bl~ and th+~~ be+r inlerssl from the date thereof u~til psid at the tale ol
nine per ce~tum per annum and ~ogethe? wi~h such ineeresr shall be s~cured by tM li~n of this morro+ye.
1. To p~rmit, oommit a suffer r?o wuta. imp~irm~nt a det~rior~oion of said properry a any p+rt thereof.
5. To pay all and sinpular IM coat~, ciwrgss and axpenses, includin~ s reawrubls ananey's iee and costs of ab~uacts of ti11e, incu~red w paid at
any time by sa~d MOR~GAGfE, becaui~ w in ~he ~vsn~ of tM failur~ on tl» put of ~h~ said MORiGAGOR to duly, promp~ly ~~d fu11y perlwm, d~xha.gs.
execute, effed, complete, comply wdh and abide by each ~nd wtry tM stipulatans; a~~e~rt~enn, conditionti ~nd covenanb of said p~om~swry note and thii
morrgape any w e~ther, and ie~d costs, charges and ~xpenses, each and evay, sF+dl b~ imR+ed~+tely dus and payable; whethe~ w not there b~ nofice dr
mand, ~tlempt to tollett or tuit pe~d~ng; and the full amouM ot eath and every t~th paymeM tAall bear interest from Ihe date thereot untif paid et the
r.;te of nine pe~ centum per annum; and all said cosn, charges and expenses incwred w paid, topether w~~h such interes~, shall bs secured by tM lien of this
mortgl~0.
6. Tha1 (a) in thr event of a~y breach of Ihis AM~tpag~ w def~ult on 11r part oi the MORIGAGOR, w(b) in tM event any of sa:d sums of morwy
herein ~efe~red to ba not prompfly and fully paid within Ih~rfy (30) days ~ext aiter the same severally become due +nd payable, without demand or ~otice.
or (c) in fhe svent each ~nd every ~he stipulations, agreemenri, conditlons and covenants of ss~d promissory note and th~s mat~age any w either are not
~uly, promptly snd fvlly performed. d~xMrgcd. executed. effected. completed. complied with and abided by. ~hen in either w any such eveM ~he aaid ag
gregate wm mentioned in said promissory note the~ ramaininp unp~id, with interest xuued, and all rt+oneys iecured he~eby, shall becwne due and pay-•
able fwthwith, a thereafter, ~t fhe option of ssid MORTGAGEE, as ful~y snd completely as if all of the said sums of money were wginally inpu:a~ed .
re be paid on auch day, a~ything in sa~d prom~ssory note w in Ihis Mortgage to ~he contrary notwithatand~ng; and ~hereupon a thereaher ~t t1~e opt~o~ of
sa~d MORTGAGEE, without notice w demand, s~it at law o? In equity, tFx~efae w thereafter begun, may be prosecuted as if all moneys secured hereby
nad matwed pnw to ~ts institution.
7. That in the event that at the begin~ing of or at any time pe~+ding any suit upo~+ this Mwtgsge, o~ to fweclose it, or to reform it, w to enforce
paymMt Of any cla~ms he.eunde~, w~d MORTGAGEE shall apply ro tlx Court having ju.~sd~aion thereof fo~ the eppoimmeet of a Receiver, such Cw.t shall
forthwith ~ppoi~t a rcce~ver of said mortgaged propcrty all ~nd singu~a~, includ~ng alt and singul~r 1he irtcort~s, prof~ts, issue~ and revenues from whate~er
so~rce de~ived, each and every of wh~ch, it beinp expres~ly understood, is hereby mortgagcd as if tpeuficalty set forth and desuibed in the y~an~ing a~d
habend~m clauses hereof, and such Receiver shall have all the broad and effective furxnons and powers in anywise emrusted by s Court to a Receiver, and
r ch appointment shall be made by such Court as an admitted equity and • matre~ of absolute r~gM to u~d MORTGAGEE, and without re(ererxe to the
adequacy w insdequacy of the vslus of the property mortgsged w to the sowenty o~ in:olvency of ssid MORTGAGOR or the defaxlanss, and that such
rems, profin, income, issues and reve~uei ihali be applied by such Reteiver atcord~np to the tien w equity of sa~d MORTGAGEE and the practice of such
Court.
8. To duly, p.a++ptly and fully perfwm, ~scharpe, execute, effect, compkte, comply wi~h and abide by each and every the st~pvtations, agreements,
condhionf and covenanb in sa~d prom+ssory nota and this mortgsge set fath.
9. That in the eveM the ownership o~ tM morfgpsd premises, w any p~rt fhe?eof, becomes vested in a perwn other tfisn the MORTGAGOR, the .
MORTGAGEE, iq successori snd assigns, may, without r?otite to the MORTGAOR, desl with such successor or successor in interest wi~h reference to thia
mortgage and the debt he~eby secured in the same manner as with Matg~gor without in ~ny wsy vitiatiny or diuharging 1he Mor:gagors' liability here-
e,nder w upon the dcbt hereby secured_ No sale of the premises hereby matgaged and no idbearar~ce on the part of the IAORTGAGEE or its successws
cr ass~gns and no extens~on of the time for the payment of the debt hereby secured given by the MORTGAGEE or its svccessws or au~gns, snall operate
to re~ease, d~unarge, modify change or affect the original liab~lity of the MORTGAGOR herein, either in whole oc in part.
10. h is spee~ficatly agreed that time is of the essence of thia contrsct and thaf ~o waiver of any obligat~on hereunder w of the obligation sr
cured hereby shall at any time thereafter ba held to be a waiver of the terms hereof a of the instrument secured herby.
11. In add~t~m to the forego:ng mon~hly payments of princ'pal and interest requ~red by the prom:sscry nore secu~ed hereby, mortgagor covenants
and agrees to pay to mortgagee with each monthly paymeM an addirional sum cstimated by matgagee to be equai to 1;' 12 of the annual cost of the fotlow-
~n~:
A-All real property taxes lev~e~ or assessed against the above desvibcd real estate.
B-Prem~ums on (~re and windstorm insurance as herein requ~red to be car~ied on the improvemc~ts situate on the above d:scribed premises.
C-Premiuma on such mwtgage gvarany insvrence as mortgsgee shall from fime to time deem fit to carry on the foan secured hereby.
Mortgsgee shail from fime to time notiiy mortgsgor in writing of the amount due and payable hercunder and suth surn shal( thereupon be due and
csyable on tF~e due date of ~he next month:y payment and each successive month thereaiter urtii mortgagee shall notify mortgagor of a change in such
II a*.ount. $uch sums sha~l be applied by mwtgagee toward the payment of real property taxes, insurante prem:ums, and mortgage guaranty insurance
~ p'emwms.
~ I W NESS WHEREOf, the said MORTGAGOR has hereunto ut his hand and seal the day and year firit aforesaid.
r~d tF~e prese~ce of: ^ Q
f ~ .-~T (SeaQ
F~~ED AND RECOR f`~ O S. thers
~ - ~ ' yT_1,UClE COUNtY (Sea4
~ ROCER P~tTRAS . ~ _~i (c~ap
- _ ctERK,~aRF
E~ ~ouA~ ~rah B. iieathe a ~s~a~~
~ ~ : ~ - ~
SiATE OF FLORIDA ~ -y_ ~Q 9 3,, AH•~ ` - -
~OUrJTY Of $t'• T'11Cj.@ j-~i 0 ~L~~E~V3 }
Befwe me personally appeared JO~ WC8~1@I'8 end
_ $gI'8~1 B. W94~lAPS his wife, to me well known and known to me to be
rne individwls described in and who exetuted the fwepoin~ instrument, and adcrwwledged before me that they executed the same for the p~rposes
rhe~ai~ exp~essed. And the sai~ `S8I'8~1 B• W~B~IeI'~
r~~fe of the wid JO~ `S• x~~g~ upon a separate snd privar~
~.am~naYwn by me taken separate and apart from her said husband, edcnowled9ed to arsd before me that she executed said instrument fretty'ar~! volun-
ra r~ly and without any compulian, constraint, spprehension or fear of or from F?e? said husband.
WITNESS m hand and ofticial seal thi~ ~y 7
y ~ day of ~~t D: 19
~ ~ _ ~ ~ _
' - ~ .
: . ~
~ otary Public in and for the tate of fbrJ~ 0~ 7:~:'
~ My Commission expires: • ~ ~ ~ t p_ ~ t^,~
~ Return To: ! ~ , ~ ' ,4
~ first Federsl Savings 3 loan Association ~~~~Yl'•.~~,• L
~ Of fort A~erce. p_¦~ ~1px. StJ~ p~ , /'r~ ^ ~
nv[ ni~i~ Rp~jdi i(; C ~
~ Fort P~erce. Flw~da My COmmissiOn EI !s D i~T~:t'H:~~~~~y, ;
Pu ~t. ~3. 198b ~ ~
~dad ht Mu.a. firy 4 c.;..tr C«w~.r
7 O
T his Ins trumen t Prepa r e d By~o l B. B
utTis
F~rst Federal Savings & loan Association
of Fort Pierce .
~ Fort Pierce, Fforida 33450
BOOK ~:V~ PTGE II JL
~~e~ked BY
. .t~