HomeMy WebLinkAbout0551 3. To pl~ce and cont~nuously ketp on ~M buildinps now a FNr~d~w ~iru~q or said i~nci ano on eii equ~pr.,ani iiw' partar~s~~~ ta~.:a~ 't~ :h:s r.:s.:~q-
+p~, w~~h ~11 pr~mium~ thereon pa~d in futl, 1i~e insura~c~ ~n tM utu~l N~ndud polity lorm, in a sum ap{uoy~d by ~he MURtGAGEE, •nd w~ndi~wm
insur~nct in ~hs ~~wl sunda~d pol~cy iorm, in a sum approv~d by tM MORTGAGEE, in tucA comp~ny or canp+n~ts a ~M MOR~GAGEE may
d~ractr ~nd sll fire •nd w~ndsro~m insur~nc~ pol~cit~ on any o( Uid bvild~pf, ~ny Int~r~i1 Iherein ot p~rt ~hereoi. in tM agyreflate ~u~n ~faesaid w
In ~xcp~ thtrwf, ~Mfl ca+lai~ IM uswl standard ma~py~~ clavs~ w futh o~hN c1avN u tM AAa1qpN may requ.r~, mskiaq th~ lou unJe~ s.~d poli- .
c~~~, ~ach ~nd ew.y, paYabt~ ~o uul AWRIGAGEE aa ~tc intir~tt m~y ~~p~ar, s.~d suh ~nd ~w.y svch poi~cy ~h•11 ia~ prompriy au qned a~d da~~vcred ~o
~ny held by s~id MORIGAGEE af (u~thN sECUrfty to s+~d mon~~ d~bt, ~nd. rat I~u Ih~n fM p0) days in adwnt~ of the ~xpi~atio~ of each poticy, to dt-
liver to t+id MORTGAGEE a r~newal thereof, lo~t~her with a ret~ipt !u tM p~~mium of such rtnewel; ~nd thert ftwll b~ no I~~e or w~~~d~~o~m insu~ance
plK~d on ~ny oi said buildingf, any in~ersft thtt~in a put fMr~O(, un!et~ in IM form ~nd with tM loss p~yable sfaesa+d; a~d in tlx evenl sny tum
of mon~y bccoma~ payabl~ undcr such policy w policiss said MORTGAGEE ~hal) Mw tM option to receive anJ apply the same on accoun~ o( ~he in~iab~ed-
net~ stcursd ht~eby w ro ptrmi? ~a~d MORTGAGORS to rec~iv~ and us~ It a•ny parf thereol for othcr purpcses, v.~~tw.,t eh,.~ u! waiv~ ~3 or ~mpo~r-
~ng any puity, lien or right unds~ or by vi~tw o1 Ihis morlyap~t and in Ih~ ~wn1 iaid MORTGAGORS ~hsll (w ~mr rtawn 1~i1 to keep ths said p~emise~ so .
insured, a fail ro de~iver promptly any of said policies of inw~a~u to sa~d MORTGAGEE, or lail prompNy to pay tvlly any premwm therefw or ie any
reapea f•il ro pa(wm, d~scMrg•, execut~, eF~ec1, compl~t~, comply wirh and ~btde by Ihis cove~ant, a a~y par~ hereo(, te~d MGRiGAGEE m~y piace ~~~o
pay fa iuth irourance w•ny part thereof without w~ivinp w aifectirg ~ny optioe, lien. puitY, or ripht u.~der a by virtue o( ~his Mat9aye. ~nd the
f~,ll ~moun~ of each and ~v~ry such payment iMll b~ imm~di~~~ly dw and p+y~b1~ ~nd shall b~ar inte~e~t f~om the dN• ~hereof un~ii pa~d a~ ~M rate ol
~~~e per cemum per annum and ro~e~her wiih iuch inreres~ sha11 be secu~ed by tM li~n of thy mortyape.
1. To pamit, commit or suffK ~o wasN, imp~'ament p d~teriw~tion of said prope~ty w any p+~t therwi•
S. To pay all •nd sinpula~ ~h~ coui. charpN u+d expenses, includ'ug a rea~on~bl~ attwney'~ ic~ and coits of abstr~ctt o( utle. ~ncur.ed o? ps~d ar
eny time by said MORTGAGEE, because w in tM twnt of ths f~ilur~ on tlr part oi ~M s~id MORTGAGOR w dvly, promptty s~+d fu~ly pe~form, d~uhar9~.
rxecuts. af(et~. comple~e. comply w~th and sbld~ by ~ach and every the itipula~ions, +qra~n~n. tonditions, a~d covenants of sa~d promissory no~e and ~h~~
n,oregaye any or ei~he~, and sa~d costs, charges and expenses, e+ch and every, tMll b~ immediataly due and payable: whetl,er w no~ ~her• !x no+ice de
mand, attempt to colled or suit pend~ny; and tM (ull amounl of each ~nd evay such payment shatl bear interss~ from ~he dare thereof until paid a~ thc
r; re o~ n~ne per centum par annum; and all uid costs, chargei and expenses ~ncurred w paid, logether w~th such inte~est, shall be secu~cd by the lien of thu
mortg~a.
6. Tha1 (a) in the event of any bresch of this Mortgay~ or defauh on tFr part of the MQRTGAGOR, w(b) in ?1~e svent ~ny oi tatd suma of mo~ey
he~ein ~efened ~o be not promptly and lully pa~d wi~hin ~h~rty (30) d~ys nex~ afra the aame teverally become due and payable, w~ihout demind o. no~ice,
er (c) in the event each and every ~he stiputations, ~greements, corxlitions +r~d coven~nts of sa~d pranissory note and th~s morlgage any w either are no1
iuly, promptly and fully pcrfwmed, d~scharged, executed, ~ffected, compl~t~d, complied with ~nd ~bided hy, ~hen in either w any ~uch ewnt the ?a~d ag
g~egate wm mentioned in said promissory nots rhen rsmaininy unpaid, with interost ~cusied, u~d all monsys setured F~ereby, sMll kkcome dw snd pay-
ab',e fwthwith, or thereafter, at the oprion ot said I~WRTGAGEE, ss fvUy and completely as ii +II of ~he said sums oI money were ong~nally sr~p~lared
to be pa;d on such day, anythi~g in sa:d p~om~asory nots w in this MortQage to the contrary notwithsunding; and thereupon or thereafter at the opt~on of
s~:d MORTGAGEE, without notice or demand, wit at law w in eqvity, there(ote w thereaite~ begun, may be prosecuted as if al! moneys secured hereby
n>d metured p*!or to in instit~twrt.
7. That in the event rhal it the beginnirg of w at ~ny tims pending ~~ryr wit upon this Matgsge, w to ioreclose it, e~ to reform if, or to enfo.ce
payment of any claims hereunder, said MORTGAGEE shall apply to the Cou.t ha~~ng jur~sd~c~~on ~hereof fw ~he appo~ntment of ~ Rece~ver, tuch Court shal{
fo~rhwith eppoint a receiver of said mort9aped propery all ~nd singular, includ~ng all and singutar the income, prof~ts, iuues end reve~~es irom whatever
sou~ce derivcd, exh end evcry of wh~ch, i~ beirq exprossly unders?ood, is l+ereby morrgaged ~s if speci(ic+~ty set forth arxJ deuribed ~n the 9ra~ring and
habendum clauxs hereof, snd such Receiver shalt Mve ~II the broad and effective functwns and powers in anyw~se entrusted by a Gou.~ to a Recriver, and
s~ch appointment shall be made by such Courl as an admilted equity ~nd • rnatter of abw~ute right to faid MORiGAGEE, ~nd withouf reference to tha
ed~quacy or inadequacy of the value o~ the prope~ty mortyaped w to the wlvency a inwlvency o( said MORTGAGOR a the defendams, and that such
~e~ts, prof~ts, i~come, issues and ~evenues shall be applrcd by such Receiver ~ccwdiny to the lien w equity oi sa~d MORTGAGEE and the prxtice of such
Court.
8. To duly, pr~xnptly snd fully per(wm. disthara~, exetute, effcct, compkte, compty with and abide by each and every the stiputa~ions, agreements.
ccnd~tions a~d covenams ~n sa~d promiuory note snd ~h;s mwtgage set fwth.
9. That in the evenf the ownersh7p of the mwtgsged premises, or any part thereol, becomes vetted in a perwn other than the MORTGAGOR, ths
h10R7GAGEE, it~ successors and ass~gns, may, withov! ~otice to Ihe MORTGAOR, deat with svch sutceuor a successw in interest w~th rete~ence to this
~ ortgege and the debl hereby secured in the same manner as.with Mortgagor without in ~ny way vitiatirg or diuharging the Mortgagori Iisbility herr
u,:der a upon the deb~ hereby secu~ed. No sak of ths premisef hereby mat9ag~d a+d no fwbearince oe+ the part of the MORTGAGEE o? its a„cce~so~s
or ass~gns and no eatens+on of the ~ir.ie fa the payment oi th~ debt he~eby setured yivtn by the MORiGAGEE or its tuccesaws or au:gns, shall operate
io re!ease, d~scharge, modify change or effect the o~ig~nal liab~lity of the MORTGAGOR herein, either io whok a ln put.
10. It is speufical~y ag.eed thst time is of the e~xnce of this contract and Ihat no waiJer oi any obligation hereunder a oi the obligaYwn sr
cured hereby ahaU at any time thertalttr b~ held to be a waiver of tht fcrms hereo( o~ of 1ht instrumeM srcvred herby.
I1. In addn~on ro the fwego:ng moothly payments of princ'p+) snd interHt ~eqvired by ihe prom~ssory no!e setured hereby, mortgagor coveoaMs
a,d agrees to pay ~o m.o-tga9ee wrth euh momhly payrnent an ~dd~rional sum estimated by mwtyagee fo be eqwl to 1/12 of the am~ual cos~ of thc follow-
A-Atl real pro~erty taxes !ev~ed w assessed agai~st the above described resl estate.
B-Prem~u:ns on f~re and windstorm insurance as F~ere~n requ~red to be carried on the improveme~ts t~tuate on the above descr~bed p~emises.
C-Premiums on suc}t mwfgnge guaranty irnu~ar~c~ as mortgagee shap from t:me to time deem fit to carry on the loan secured hereb/.
Mortgagee shall from t~me to t~me notify mortgagor in writin9 of 1he amoum due"and pay~ble hereunder snd such sum shall tnereupon be due snd
: zr361e on the due date o{ the next monthly payrcent and each su[cessivt monlh thereafter ur.til morlgayee shall notify mortgagw of a change in such
4 a- ount. Such aums s*a'.f Fx apptied by mortgsgee toward the payment of real property taxes, insuwnce prem;ums, and mort e guara ty insurance
~ r:•e^~~ums.
IN WITNESS ~.YHEREOF, the said MORTGAGOR has F.ereunto set his hand and seal ihe day ye aforeu~ .
~ Siyned. Seated and delivered in the presence of: -
an
€ 'i ~ •
i - (Ses1)
~ 'e - • a~ ~ e (Sea~)
_ _ (Seai)
5'aTE OF flOR10 1 -
St. Lucie ~
COU.'JTY OP
Befwe me personally appeared ~`O=S' ~`~~Z2 s~d
Peggy A. ~~bl1~. his wife, to me well known and known to me to be
she individuals descnbed in and who executed the foreyoinp instrument, and acknowledyed 6efwe me that they executed the samc fw the purposes
~~e•e~~ expressed. And the ssid Pe9gy A• ~:81tpbl1l
r~;fe of fhe wid ~ry L• ~~~11 ~
, pon a sepa~ate and privste
e•a-n"nation by me taken sepsrat! and apart from her said husband, adu~owledyed to ~nd befwe me that she executed said instrumem treely and votun-
r~~~iy and w+rhout sny compulsion, co.~srraint, appreF~ension, w feu of or from her wid huib~nd.
WITNE55 my hand end official seal thes day of `1~e A. D. 19 ~
~ Notary Pub in for the State of Florida at larye
~ My Comm' an expirss:liofary PubP.c, SMt~ of floriaa at tar~
` RNurn To:
~ iAY Co:~.+rssitn Ezpirr !s'; 22, 1977
Finf Federal Saviogs 3 Loan Associanoo ~ •
~ 3~~6 ton;iad bY Ar:wr;cun F.~. u C 3•s.:l+y Co.
Of Fort P~erce.
~ Port Pie~ce, Florida
p ANO ItEC~~DED
~~E C011M fL:~•
Th~s Instrument Prepared By J. Hal Robezts~ J~, pOCER p~~~5. ~ ,
First Federal Savings 8 Loan Association C~~aK ~~~~jf0 ~ ~ "
of Fort Pierce ~-~n?~ ~ ~ . %
Fort Pierce, F14rida 33450 ~ '
3 2 58 p~ '~1~ ~ .
~.r,~,~ked By ~_fi.----- •,t;, :r -f _
(i k n ; . ~
&O~K~~~7 PA~~ ~~9 . ` -
• , s ,
• <.r.
sh
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