HomeMy WebLinkAbout0721 3. To piac~ and continuo~~ly keep on ~he b~~ J~nyf no« w htre~it~~ s~~u~t~ or ~„d I~nd e,~d on m~ eq~~~,:nen~ •~.J per~on~lly coyered b~ ih,~ r.wrtg-
e~s, w;~h sll p+em;u:n; thtrcon Fa.d ~n tu11, f+ra ins.,ra .ce m tht ufwl sfa~xlsrd po:=cy form, m• s~•n •~,NIOii~ b~ ihe hluk~u:+:;CE, a~ J wi: JuJim
m~urants in tM wwl ~qnJard pol:ty fo~m, in • wm approv~d by ~M AAORTGAGEf, in wch cun~p~ny or cump~r,~e~ a ~h~ MORIGAGEE mey
d~~Kt; •nd •11 fir~ and w~nd~~orm in~uronct pol~c~et on ~ny ot ~a~d bu~id~~yt. •ny inle~es~ Ihere~n or part thc~rof, in tl» ~gyrr9er• s~m ~lorcfmd or
in •xtets IMreof, ~hall contain ~h~ uwal ~t~~~~rd mor~fla9N daus~ w wth other N~ut~ a~ IM Mortyeyee ~nay rey~~~r~, m~?mp ~he +wt unJer ~a~d polh
Ns~, ~ach •nd evay, payab~~ ~o s~~d MJRiGAGEE ai ~h imereft m~y ~pp~p, ~nd each and e~erY tuch pc~~~cy ~I~e~l 1w prompuy aisgnrd •~d de~~.e~rd ~o ~
any held by ~aid h10RfGAGfE ~f iurth~~ ~rcw~~y eo ~.~d matpa~~ dtb/, and, no~ I~ss ~h~n ~en (10) dsy~ in •d~e~~ca of il+a eapirat~on ol each po;~ty, to dr i~
I~ver ~o u~d MORiGAGEE • reoewel Ihercof, toge~hH with • rece~p~ fo~ the p?t~~ium ol such renrwal; and ~hrre sh,,tl br no f~re or wl~~~vo•~n u:w~ancs
pleced on any of sa~d b~itding~, ~n~ interotl the~t~n w parl 1M~eo(, unlesf in ~he (orm and w~th the lo~s pe~ob;e at eloresa~d; and in the evem eny sum
of mon~y bccpmes oayable under such policy or poGcies seid MORTGAGEE ~haH have the opt~on ~o ~KCivN end apyfy the ume on accovn~ o~ ~he indrtt~d-
neis ucured heroby a ~o pe~m~t ~aid MORTGAGORS ~o reteive and uss it a any pa~? ~~~er.of tcr o:uc~ 4u74Lfcl. .+.li~tiu! ih_•.:.~ nr_~.: a~
ing any aqu~ty, lien or riyhl unde~ w by virtw of this mot!~~pe; ~nd in IM w~nl sa+d MORTGAGORS shall for any raaton 1ai1 fo krep ~he f~~d pre~++~fe1 ~O ~
:ns~red, or lail to de!ive~ p~omptly ~ny of sa~d pol.ues of iniurance to aa~d MORIGAGEE, w(~~t ptomptly to pay f~:ty any prr~~~~~~n th~•reior or ]n a~y ~
respect lail to perform, d~schsrgQ, Qs~ute, eNsd, complete, comply wirh and ab,de by thls tove.+ar.t, or ~ny par~ hcreoi, s~~d MC,RiG:.GfE roay p~ece a~o
pey fo~ such ins~rence or any part ther;.rf wiehout waivin~ W~f(sctirq any option, lian, equ~ty, or n~h/ ~nde. or by vi~tue ol ~hit Mongege. ar~d tAt j
full amounl ot each and every svch psyment sMll be im~nediately dus •nd psyable and ~hall bear inte~:st f~om the date the~eof un~il p.,;d a~ ihe ~are o1
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n~ne per crntum per anrwm end to~eiher w~~h such ~nRrear aheli be sec~red by th~ lien of this mortgege. ~
1. To pamil, comm~t or ~uiler no wu1~. impairmenl w deteraration o( said prope~ty w any part thereo(.
5. To pay all and singul~r the costs, cMrgei and e:penses, includinp a~easonable attwney's fee and cos~s oF absnaas of ~ftte, incu~.cd or pa~d a+ ~
any time by wid MORiGAGEE, betauss a in 1he event of the (aiture on the part of tM said MORTGAGOR to duly, promptly end fuliy periwm, d~scharge
e.~~wte, elfed, complete, comply wnh and •b:de by e~ch ~nd every the ~tip~rlanons, agreemems, cond~t~on~, and covenanrs oi s~~d pro~n~ssory note a~~d ~h~~
~:or~gage any p e~~her, snd sa:d cos?s, charges and expenses, each and every, shall be immtd~ately d~e antl payeWe; whrther w nm there 6e nonce ds
mand, atte.npt to collecl a<_uit pe~d~ng; and the (ull amount of exh and every such paymenf shall bea. in+erest from tl~e date thereof une~l pa~d at tt.e
..,re o~ n~ne per centum p~r annum; and ~fl ~aid costs, chargea and expenses incurred or paid, fogethe~ w~~h such inuref~, ihall bs secured by the lien o( th~i
morrgayO,
b. Tha~ ln the event of any bre~ch of thi~ Mor~9aya or default on tt,e part of tkc iv:ORiGAGOR, w;b) in the eve~t ~ny of sa:d sums of mo~ey
ne~ein referred to be not p~omptly and fully paid within thuty (30) deys ne,~~ airc~~ the ~dTfl! seve~a!ty become due arxl Fayabte, w~thou~ demand e~ nonce.
or (c) in thr evero each and.every thc st~pulstions, ~greeme~ts, co~d~tio~s and covensnts of sa.d promis~ory nme a.~d th;s mortgage any w enher are nof
~uly, prpmptly and lully perForm~d, d~scharged, exetuted, effected, completed, compLed with and aC~ded 5y, then in e~iher o~ any such event the sa:d ag
g.egate wm menrioned in said prom~isory nore thcn rema~nirp unpaid, with intereat acuued, and a~l mone~s secured hereby, shall become dw and pay-
ab'e (orthwith, or the?eafter, at jhe option of said MORiGAGEE, ai fulty and completely as if ell of thr said soms of money were or~g~na~iy s~~p~:ared
ro be pa~d on such day, anything in sa:d piom~sswy note or in this Mwtgage to the contrary norwi~hsta~~d~~.g; and ~6ereupon or thereafter at the op+~on o1
ee.d MORIGAGEE,~wirAout not~ce or demand, suit at law or in equity, there~ore or therea(~er begun, may oe prosrcuted as if all moneyt sec~red hereb~
n~d mawred pnw to ~ts instiwt~on. -
7, ihat in the event that at ~he beginning cf a at any time pend7ng any su~t opon ~hts Mo*tgage, or to forec!ose it, or to reto.m i?, or to enforce
FaymeM ot sny cfaims he~eunder, sadd MORTGAGEE shall apply to tht Caurt having junsd:U~a~ thereof for ~he appo~ntment of a Receiver, svch Cowt sha~l
fc•rhwith appoim a r~cei+er of said mor~gaged properfy all and singu~ar, includ~ng alf and s~ngu~ar the income, prof~ts, iasues and revenues Irom wh~te~er
sc.,r~e derived, each aod every of wh;tA, it bNn9 expressly understood, is hereby mortgaged as i4 spcc:f~ca;ly set (o~th and described in ~he grami»g and
habendum ctsuses hereof, ~nd such Receiver shalt have sll ~he broad arK! effective fv~cr,ons a~d powers in anyw~se emrusttd by a Court to a Recn;ver, a~:d
r_ch appointment ~hatl be made by such Cou~t a~ an admittcd equity and a matter of absotute r~ght to sa~d MORTGAGEE, ~nd w~rhovt reference to the
e~rq~acy w inadequacy of the value of the property moitysged or to the so~ve~+cy or insoivency ot said MORiGAGOR a the defendants, and that such ~
•e^n. prolits, income, iasues and revcnues,shall be applied by such Receiver eccordu}g to the Gen or eq~ity o1 sa~d MORTGAGEE anti the pract/ce of such
COVf1.
8. To duly, prompNy and iutly p~rfotm, discl.arge, execute, eifcel, complete, comply wirh and abide by each and every the stip~l~tions, agreements,
:or,d~rions and covena~~s +n aa~d promissay not~ and th~s mortgage set iwth.
9. Th~t in ~he event the annersh~p o( the rta?tgaged premises, or an~ , art thereoF, becomes vestcd in a pe~san other than the MORTGAGOR, the
M.ORTGAGEE, its succezsors aod ass~gns, may, vvirhov~ no~ice to the MORTGAOR, deal wrth wch successor or successor in ~nteresi wi+h reirren~e to ~h~s
rrc•tgage and the debt hereby secvred in the same ma~r.er as with Mortgago. w~thouf in a~y way vitdating or d~scha~g~ng the IAortgagori liaoiiity here-
~nder or upon the debt hereby secured. No sa~e of the Fremixs hereby mortgaged ~nd no forbeara~ce on the part oi the MORTGAGEE u its suctessws
o~ ass~gns a~d no cxtens~on of +he time fo~ the payment of ihe deb~ hereby secu~ed g~ven by ~he htGRTGAGEE or ns svccesaors or ass:gns, ,~~al! operore
~o re~eese, d~xharge, modify change or a((ect the or~g~~al liau.l;ty of the MORiGAGOR herein, either in whok w in part_
10. It is apeci(icalty ag.eed that time is of the esxnce of this contract and that no waiver of any o6t:gat~on hercunder w e1 the obligation se-
c~red hereby shall sf any time thereafter be he:d to be a waiver of the terms hereof a ot the instrument secured herby.
11. In add~tion so the faego:ng monthly payments of princ'pal and inrercs~ ~equ~red by the prom~swry rw~e secured hereb~, mortgagor tovenants
d agr~es to pay to mo:tgagee :vth each monrhiy pay~~;ent an add~riona! sum esnmared by mongagee to be equal to 1, 12 of rhe aneual tosr of thc foliov~-
,
A-AIS real property taxra lev~ed or assessrd agaihst tF.c above desc~i:ed real esrare.
B--Prem~ums o~ f~re and windsto~m inturacce as herein requ~red to be camed cn the lmyroveme~ts s~tuate on :he abave d°saibed premises.
C-Premiums on svch mortgage gwranty ~r.sura~:ce as mo~~gagee shail from. i..,,~ ro timr drem fit ro carry on the loan secured hereby.
, Mortgagee shail from r~~ne to Kme nonfy mortgagor in w.iting of the amount due and payabte hereundx and sxh sum ehalf thereupon be due and
;:yab!e on the due date of ~he neat month:y payment and each successive mon!h rhereafrer ~r.~it mortgsgee shall not~fy mongagor of a change in such
I ~ cunt. $~h sums sNalf be app~ied by mwtgagee roward the payment of rea! propcrty taxes, insurance prem:ums, and e~ortgage guaranly insu~ar.ce•
•e•n~ums.
~ IN WITNESS `/VHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seai the day and year first afaresa~d.
i Sig , Sealed snd deiivered in the presenc f: .
~ _ _ (Seaq
•
~ . t5ea1)
~ ~ . r/l~ (Ses~
~ (Seaq
~ 5-%.TE OF FIORIDA .Y~~~j,~~~~~'. - '
~ CJU'JTY OF .Sti. Lucie ~ -~y;~~,•••
° JOhri J. Sb3th ~ ~ ~ aod
Before me personaUy appeared ti' ;
~~1,~ .
~ ~ his wife, to me well Znown and ~e to be
~ rhe irxlividusls described in •nd who executed the fwegoing instrument, and atknowledged before me that they eaecv!ld,~e sarne+~o~ Ihe=putposes
r~.e•ein expressed. And the saEd j+~8 ~ • .51~~1 • K ` ~
'.y 'Y~ =
~ : ~ > J' ' .
ti~e of the .~~a - John J. $11~~1 --.`~~'~l:~++'rate ~nd pr~vate
~ e.am:nation by me taken separste and apart from her said husband, atknowledged to and before me that she ezecuted sa~d in~trum nt•~ie~(~.lnd volun-
+a~;iy and w~thout any compulsion, constraint. appr or fear of o? from her saie~hysband. 7,l
~ f~~ ,»;~y
WITNESS my Fwnd and official seal this day of A. D. 19
~ QJL(
No?ary ubtic in ~d (or the State of Fbrids et l~rge
~ Re~~rn To: MY Commisi xpi~es:
? Firtt Federal Savings 3 Loan Aasociahon _
Of Fort P;erce.
= Fon Pierce. Florida
f
~ ~ ~ ~Ik ~ ~ ~
~ ~1' GMi:sio~ E.#;rei ~
~ ~y. 30. 1980
~ This Instrument Prepared By Gsry F. E111tppd "'~M a c...r,
F~rst Federal Savings & loan Association
~ of Fort Pierce i
I~p ~ND R
Fort Pierce, Florida 33450 ,.l RO~C
R P01o t"
Y --1--- -.-':rF'S C! ~~F~ ~~~URT
Ch~cked B
o a ~~`-10 ~ _ ,
~Z71 ~~E 72i ~ ~ aH
~~;~s~~
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