HomeMy WebLinkAbout0735 1o pl~c~ and continuously ke~p on ~he build~n9s now a Mrealq~ ~i~uaN or faid la~d a~d on al~ aquipmanf •nd p.no~,•1Ir co~•red by rhti morrq-
~ys. with all prem~ums ~ha~con pa~d in ivll, tire iniw~ncs i~ t1a uiw~ ~undad poGcy fam, ir? •~um •pproYad by ths MUR~GAGEE. and wu~datam
insu~~nc~ 1n 1M usual ~tandard po~~cy form, i~ • ~~m approv~d by Iht MORTGAGEE, ln tuch tort+p+ny or tanpan~~f ~s ?M MORIGAGEE m~y
direclj and all Iin and w~nds~wm i~w~~nu polici~a on ~ny o( ta~d buiW~npy ~ny int~~e~t tF?e~ein w parl Ihe~eof. in tM agq~c9+te wm afwtwid or
in ~acess ~Mreof. ~MII cw+eain ~h~ usu~l sundard ma~p+pe~ cl~uN a wch o~ha clau~ as IM MatyagN m~y requ,r~. ma?inp tM ~o~s under s•~d poli-
cie~, each and evay, payabte to i~id MORTGAGEE a~ ~fs iruere~t m~y ~pp~a~. ~nd each er+d ~very such po~~cy shall bo p~omptty aas.yned ~nd delivorcd ~o
eny held by sa~d JNORiGAGEE as (urtMr security to Yid monpp~ deb1, and, not le~ ~Mn t~n (10) d~Y• in advance o1 the txp~~~t~o~ oi e+ch policy, 1o d~-
I~ver ~o taid MORTGAGEE a rtnewal Ihereo(, ~opett~ wi~h a rece~pt ia the pr~mium of ~uch renewal; and ~here shall be no f~~e ar winds~orm in~urance
plaad on any oi s~id buildinps, ~ny inllrs~t 1I?Orfin Of p~rt th~rw}, unle~s in tM (orm and w~~h ~he 1os~ payabte a~ aforesaid; s~d in ~he e~em any ium
oi moMy becomes payable unde~ wch polky or pol~cies said MORTGAGEE sF?~II Mw tM option to receive and ~pply the sa~n~ on accouM of the indebted- .
neu tecured hereby a ro pumit said MORTGAGORS Io receiw and us~ if p any Fart ~hereo{ for oehcr yuryoses. \Y~IMiJ1 th-•.ur wai+~„~g or ~n,pa~r-
, ing any aq~ity, lien w ri9ht unde? or by virtw o1 thii mo?typ~s ~nd in t!w waM s~id MORTGAGORS ~hsll (a any reaso~ fail tp keep the sa~d prem~ief w
insu~ed, w fsil ro detirer promptly ~ny of ssid pol~ciss of insur~nt~ to said MORTGAGEE, w(ail promptly to pay fully any pre~n~vm therefor w in a~y
respect fail ro par(orm, d~scharqe, executs, effect, ~ompl~te, tomply with u~d abide by this tovenant, or any pe.t !+areof, ss~d MGRiGAGEE may pl~ce a~~o
psy (a such insur~nc~ or a~y p+rt thereof without waivir?y o~ afi~ctinp ~ny optron, li~n, eqv~ty, a r~ght under w by virtw of ~his Mw~qage, and ~he ' t~
full ~mo~nt oi each and every such payment si+all be immediauly dw and payabl~ u+d shall bear intere~t from the date tF?ercof until paid at the rate ol
n~ne pe? ce~tum pe? annum and togethet with tuth interest ahall be satured by 1M IiM of this mwt~ape.
1. To p~rmil, commil or suHer ~o wast~. impa'ament or deleriw~tion of aid p?operty or ~ny put f}?ereof. _
5. io pay all and sin9ulu ths costs, char~es and expen~et, includinp a reasonable ~ttaney i fee ar,d costs of abstrxts of fitle, incurred o~ paid a~
any time by wid MORIGAGEE, because a i~ tAe ev~nt of the f~ilun on ~F» part of tM said MORiGAGOR to duly, prompNy +nd tu?ly pe+(orm, d~xharge.
a=ecute, efied, complete, comply w~th and ~bide by ~ach and every the ttipul~tions, apreemenn, cond~lions, ~nd covcnants oi sa~d promiiso.y nore and th~~
.,,ortgsge any w e~ther, ar.d sa~d costs, charfles +nd expenus, each and every, thall be immediately due ~r+d payable; whether a not there be not;ce do-
mand, atfempt to mllttt a s~it pendinp; and ?he fvtl +mounf of each and every suth payment alwll bea. interes? from the date thereof until paid at the
rare of nine per centum per sm~um; and all sa~d costs, chargea ~nd expenses i~turred w paid, logether w~lh such in~erest, shall be secured by the lien of this
mortgsy~.
6, Th~f (a) in the event of u?y brcacb of t6w Mwt~~q~ w defaul~ on tM part of tFx MORTGAGOR, or (b) in the eve~+t any of ued sums of money
herein referred ro be noY promptly and lully paid within thfrty (30) days oext after the same uveratly become duc ar+J payable, without demand w notice.
or (c) in the event each and every ~he stipulatioru, ~greemenn, conditions and tovenaros of sa~d promiswry note snd thls mortgage any w either are not
iu1y, prpmptly ~nd fully periormed, d~xharged, ezecvted, ellet~ed, compkted, complied with and abidad by, the~ in either or any ~uch evenl the said ag
gregate wm memaned in uid p~om~uwy note thcn rem~ininp unpaid. with in~aea~ xuued. ~nd +II moneya sec~red F+ereby. ~h~ll become dw and pay-
eble fwthwith, or thercafrer, at the option of said N10RTGAGEE, as fully and cwnpletely as ii ~II of the uid avms oi money were or~ginally stipu~ated
to be pa~d on such day, anything io sa~d promisswy note ot in this Mortgage to the conlrary notwi~hstanding; and thereupon w fhereafttr at the opuon of
sa~d MORTGAGEE, without norice w demand, iuif at law o~ in equity, therefore w Ihereafte~ begun, may be pn,xcuted as if ~II moneys secured hereby
had matured pnor to iti inatitution.
7. That the event that ~t the beginn~~g of w at a~y tirrM pendinp any suit upon this Mort9age, w to forectose it, o~ fo refam it, or to enforce
payment af any claims Fxreunder, said MORTGAGEE sha11 apply to the Court having jurisd~ction thereof for the sppointment of a Receiver, svch Court shali
forthwith appoint a receiver of said mo?tQaged property +II and unyular, includ~ng all and singular the income, proF~ts, issues and revenues from whatever
source derived, each and every of wh~ch, it beinp expresaly unders~ood, is hereby ma~gaged ss if speuficalfy set fwth and dewibed in ~he g~ant~ng and
habendum clauses hereof, and such Receive~ shall have all the broad and effective iunct~ons and powers in anyw~se entrusted by a Court to a Receiver, and
s:.ch appointment shall be mede by such Courl as an admitted eqvity ~nd a rn~tter of sbsolute right to said MORTGAGEE, and without reference fo the
adequacy w inadequacy of the value of the property mwtgaged or to the w+vency w insofvency of sa~d MORiGAGOR w the defendants, and that such
renrs, profits, income, issues and revenws aF»II bs sppiied by such Receiver ~ccordinp b the lien or equity of wid MORTGAGEE and the pra:tice of iuch
Court.
8. To duly, promptly and fully perfwm, diuhsrge, execvte, effscf, complete, comply with and abide by escfi and every the stipulations, agreements,
cond~rions ~~d covenants in sa?d prom+uory not~ a~d thii mortgage a+t forth.
9. That in the event fM owaership of the mortgsyed premises. a imr part thercof, becwnes vested in e pcrson other thsn the MORTGAGOR; the
MORTGAGEE, ita successws and au~gns, rt+sy, wiihou~ notice to the MORTGAOR, deal with such successor or succe~sor in interent wifh reference to thi~
mo~~gage ~nd the debt hereby secured in the same man~er as with Mo?tgagw withoul in sny way vitiating or diuharging the Mortgsgors' liaoif~ty here-
under or upon the debt hereby secured. No sale of the Fremixi hereby mwtgaged and oo forbearance o~ the part of the MORTvAGEE or its successors
o+ ass~gns and no extens~on of the time for the payment of the debt hereby seturcd given by the MORTGAGEE or its successas or ass~gns, shall operate
ro release, d~xharge, modify change or affect the orginal liability of the MORTGAGOR herein, either in whole ar in part.
10- ~t is specifically ag~eed thst time is of the essence of thi~ contract and that ~o waiver of any o5l~gat~on hereunder w of the obiigatan se-
cured hereby shall at any time thereafter bt held to be e waiver of the terms hereof or of the instrument secured herby. '
11. In add~tion to the (wego:ng moMhly payments of prinCpal and imerest ~equired by the promtswry note secured hereby, mortgagor covenants
a~d agrees to pay to mortgagee w+th each monthly payment an add~tionsl sum estimated by mortgagee to be equsl to 1/12 of Ihe annual cost of the follow-
'
A-All real property taxes levied o? assessed agai~st the abo~e desvibed real estate.
B-Prem~ums o~ fire and windstorm insurar.ce as Ixrein requ;red to be ta~ried on the improvements situate on the above destribed prem7ses.
C-Premiums on svch mortgage gusianty i~surance as mwtgagee shalf frcm f~me to time deem fit to carry on the loan iecured hereby.
Mortgagee shail from time to ~~me notify mortgagw in w?iting of the amount due and payabte hereunder and such svm shall thereupon be d~e and
c3yatle on the due date of the ~+ext montF?fy payment a~d each svccessive month thereafter ur~ril matgsgee shall notify rt+ertgagw of a change in such
!1 Ii b mwt a ee toward ihe ment of real rt taxes, insurance em:ums, and mort e uarani insurance
! a rount. Such sums sF.a be app ed y g g pay p?ope y P~ 9a9 9 Y
~ p~emium3. ~
IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and yesr ~ir t afwesaid. '
~ - Signed, Sealed and deiivered in the presence of: <%li~?-~ J`
FILED AMD RECORDEO ~
~ ST.I.UCtE COUNTY FLA. ? Seary
~ - 11 d '.el /7 rt P~K ~R
CUtT CC
'RT Jo D. o ee J=`• cs~aq
~ _ . . i~F~ _ ' ~Sean
i eth H. Mallonea
r 4 AH'~~ (Seal)
S~ATE Of FLORIDA I~ 3 • i
couNrY oF St. Lucie ~ ~3~ ' ~ '
Befwe me perwnally appeered Joha D. Nallonee, Jr. ;`i a~ •'.~~.~T~ a~
.
~~'i8b9~1 g• ~ZOAAe his wife, to me w~I~ k~oWA ~~rid k+~i~ to" w1e fo be
rhe ind~vidvsls dewibed in end wha executed ths fweparg instrum~nt, and adcnowledged before me that they e~Cec~itb'd~ th4 ~s~e~'~f¢?-1M p4rposes
therein expressed. And the said ~S~e~ ~ZAIIBB t i . i !'y , : ' c
John D. Mallonee, Jr.
r~;fe of the said _ 'upo?1 a.separat~ ~pd.private
e=aminatwn by me ta4en separafe and apart from her said hutband, atlvwwledged to and befo?e me fhat she exetvted said iAyttuilfent frkly'an21 volurt-
rjr,;y and w~thout •ny compulsan, constrsint, apprehension, a fear of a from her tsid husband. =
WITNE55 my hand artd official seal this_~~ ~ dsy of N~ . A: 0. ~ 19 ?7
~ _
Nota Public in end fw State of Florida at large
~ My Commiuion expires: r
~ Return To: i
F~nt Fedenl Savings 3 loa~ Auociation tiOT~.RY PtJBLi~, S'd'E ^F Fj .,~,fi: `
~ : ~ c,: . f ~ .
Of Fort P~erce. !dY COL!~~:'~SI^:~ E1 , ~
B"~'r;i£^v iMRCU.:M ~'v.~"v: • . . ' ~
~ Foit Pierce, Florida . . ;
- ,1 ;
~ '~y
~ This Instrument Prepared By Donald E. Htighes ~
- First Federal Savings & Loan Association
of Fort Pierce
FoM Pierce, Florida 33450 ~ ,
- aooK 2~8 ~cE 734
~~hecked BY - • '
-