HomeMy WebLinkAbout0885 7. To plecu and con~inuou~ly ?eep on u~e L.~'J~~q~ re;w or hr~ca'~ar s}w~e o~ ti~ d t~nd a~d ~n a, ...~;~y,i•rnl end perfon~lly co.rreJ br ~h~s mo~~9.
sge. w~~h •II p~tmiums thereo~ p~.d ~n i..il, f~re u,ti„u~~ce ,n the w.,at ~~e~~ciarV ~~Ly fvr~~~, ~n a a..~n aH~.~u.cJ u~ ~ha MUR~vA(itE. en~ w~r~J11Wm
~~~tu~~oc~ in ~M uw~l Nandard pot.cy form, in e w~n apprc.rd by ~he M:~R1liAGtE. in ti~ch con yo~~y o~ cu~n~:en.es at thd OR~GAGEE may
d~~ect; •nd ~11 (ir~ •nd w~nds~urm in~uront~ polic~r• on •ny ol sa;d b..;J~nyf. eny i~iier~•at thr~r~n .~r p~~l thrrcol, ~n the •yyrege~e wm •fo~esaid or
in •:c~u thereof, sMll conNin the us~el stand3~d ~no~tgaqaa davae w such o~he~ cia~te ~i ~he Mo~~y~~re ~ne~ ~c~+.,.r~, ma~~ng tt» ~o?s unde~ ~.+~d polr
c~es, each and every, p~yob!e lo sa~d A10RTGAGEE a~ ~~f in~a~~t rnsy eN~.ea?, and each •nd e:cry e~ch ~w st,.,;l tx pevn,ytiy a~~ynad ~nd d.~~rrrrd ~o
any MW by u~d MORIGAGEE at (vr~her fewriry ro ta~d mor~paga d~bt, and, not Ieu ~Mn ~en (IOi de~• ~r, aJ.snce ol tha expu~t,~ of euh po6cy, ~o d~-
1~.•er to uid MORTGAGEE a renewal thereoi, toyrthar wnh • rece~pt for ~hc p~r~nwm ol ~uch re~~tia!: ,..d fi,ere af~ail be ~w i.ro or w~nde~o~m inw~ance
pleted on ~ey ol said bvildings, any intereft Iherein or psrt thereot, vn:rss in the form end arh the luss ~.e~eblN at alc,re~e~d; and in the evnnl any tum
of mon~y becom~s payab~e under •uch policy or poGcies se~d MORIGAGFE s?~~11 have ~he oi,t~o~ to rrc~ .e ~~~J apNly ~he se~~~e on account o( the i~~d~btrd-
nets s~cursd h~reby a ~o permu sa~d MORTGACaORS to rec~~ve and ute i~ w.+:~~ i.•+~e +i~~ r•o1 f~.r o:~,~r o,.•s ...~h..t ih .vu~.~,~~ o. ~~~•pa.~- .
ing a~y 9quify, li~~ a r~9h~ uoder a by virtue of this rno:tyaya; •nd in the evrnt se~d A1~Ri(~AGURS shall lor any reaton iail to keep the s~id prem~let so
In~wed, o~ /ail to deliva~ ptomptly any of said po~Kirf ol i~suran.e t0 sa:d MORTGAGEI, o~ p.:-~*~{:tty to pay fv:fy any p~rnuum there4p o~ in a~y .
re~petf (ail to pt~lo~m, diuharge, exetute, eflec/, tomplete, tomply wrirh and aG~de ~h~s cu.cnan~, o~ a~y ~~,r~ h~reo(, sa:d MORivAGEE may p~~te a~.A
pay for such insurance or ~ny part thereof w~~hout waiv~ng or affecting any opt~on, lien, equ.ty, or n~ht ~nder a by vir~ue of' fh~• Ma~ga9e, and ~he
f~Il •mount of ~ach and ev~ry wcA payment ~hall be ~mmediately due and payable and s~a11 brar iMe~rst fran ~M date thereof until pad at the rate of '
n~ne per tentum pN annum snd ro~ether with such ~nterest shall tN secured by the tien ol ~hi~ morrgage.
1. To p~rmil, commit or aufter no wute, impairment or dete~iorat~oo of se~d p~operty o~ any par! ~he~eof.
S. To pay •11 ~nd iinyular ths costs, charges ~nd e:pemes, incl~,ding a reasonabte atto~ney"s fee and ccses of abstracu oi titte, incuned a~ pa~d at
eny lirtfs by ~+~d MORTGAGEE, because w in ~ne evtnt of ~he (a~ture on ~he part of ~he aa~d MUR7GAGOR lo duly, promptly a~d fully pe~fam, d~xharg~,
exec~ts, effed, comptete, comply wuh and ab:de by each •nd rve~y tbe st~pulat~ons, agrra~~~cnti, conJ~t~ons, and covenants o( said promiswry no~e and thi~
n,ortgsqe any or e~rher, and sa d costs, chsrges and c,cpen:es, each and every, shatl br ~~.,~~rd~~tety due and payabie; whether or no~ tAere be no+~ce dc
mand, attempt to cot~ed o~ suit pe~d~ng; and the iu10 amoum o! each er.d e~ery suth payn~Ent ihall bea. lnieres~ from ~he da~s +hercof umil pa~d at the
~.~ie o~ nine per centum per amwr•s; and atl sa~d cosif, charg~s and expenses ~rKUUed or pe~J, tor~ethrr w~th such interea~, thall b~ secu~ed by the Iron oi Ihh
mortpay~.
6. That (a) in the even~ of any breach of th+s Mortgage or defaul~ o~ the parr of ?he 1AORiGAGUR, or (b) ~n rhe eveM ~ny of se~d w~ru of monsy
herein r~ferred fo be not promp?ly and f~lly paid v~~thin th~rry ~30i ~ets neat a»er the sa~ne scvero:,y cecome d~e and payable, without demand w not~ce.
or (c) in the event eath ~nd every tM stipulattons, agreemenrs, cond:tions a~d covcnsnn of t~ d promisswy nofe and th~s mortyay~ any w eithe~ •re not
iuly, promptly and futly pe~(ormed, d~stharged, executed, effeUed, cort~pleted, compr.ed w~~h and eb~ded 5y, Ihen in e~ther or any such evtM tM ta~d ag
gregate wm memaned in said promisswy note Ihen rema~ning unpa~d, with imerrs~ acuurd, a~ed e:I moneys aecured hereby, shall becom~ dw and pay-
ao,e fwthwith, or thereafter, at 1he option o! said MOR?GAGEE, as fuUy and complrrely as il ati uf rhr sa~d sums of mpney were a~ginally Nipulared
to be pa~d on such day, anything in ss~d prom~sswy note w in. th~a Mortgage ~o the convary nu!wnh~tand~nq; and thareupon or therealte~ al ~he opuon of
sa~d MOR~GAGEE, without not~ce w demand, suit at law or in equ~ty,. thereFore or tt~ereaf~er btg~:~, may be prosetured as if all mooty ~ecured hereDy
n~d maturcd pnw to its i~stitutwn.
7. That io the eveM that et the beginn~ng of w at any ume pendfng any su~t upc~ +h~s Mo•tga~e, or to iorectose i~, or to re~orm it, or to enfo?ce
p~yment of ~ny claims hereu~der, said MORTGAGFE sha:l apply to the Cour~ haviny ~w~sdc~~on ihe:eoi tor ~he appo~ntmem of a Receiver, such Cour1 shall
io:rhwith appoint a rKe~ve~ of said mortgaged propeny all and s~ngutar, inctud.ng all and s~~,a~~ar tne intome, proldf, issues and rev~nues Irom whatever
so.,rce derived, eath and every o! wh:ch, it be~ng expressiy undersrood, is h.ereby morrgaged as if spec:ficaify se~ iorth and detuibed in the granting and
habendum clauses hereof, snd such Receiver shal{ Mve all the broad and eilecTive funce.oni and po~e~s in any.,nse emrusted by s Court to a Receiver, and
~~,h appointment shall be made by svch Court as an admi~red cq~ify and a matter oi absaute ngl.t to said MORiGAGEE, snd withouf reteronte to the
ad~quacy w inadequ~cy of the vatw of the p~operty mo~tgnged or to rhe so..~ency o~ ~n:o,.enc~ of said M.~RTGAGOR o~ the defendann, and that ~uch
re~rs, protits, incame, essues and revenues shall be appi~ed~by such Receive~ accorJ,:~g to the Gen or equity of sa~d MORTGAGEE snd the practice of such
Court_
8. To duly, promptly and fully p~rform, discha.ge, e~eecute, eifect, camplete, compty wrth and abide by each and every tF~e stipulations, agr~mentf,
cor:d~t~onf and covenanta in u~d promissory note and ~h~s mor}gage set forfh. '
9. That in ths event the ownenhip of the mortgagcd orenuses, o~ any part thereef, 6ecomes vesred in a person other than the MORTGAGOR, the
A+.pRTGAGEE, its successors •nd assigns, may, without nonce to ihe A',ORiGAOR, deat w~~h wch s~ccesso~ or wccessor in ~~terest w~rh roference to thi~
mortgage ~nd the debt hereby secured in the same manner as with h1;,rtgagor w~t!w~ut in ar.y way vit~eiing a d+scharging the Mortgagors' liabilify hero-
under a upon the debt hereby secured. No ssle of fhe premises hereby mortgagrd ar.d no furbeerance on the pan of the MORTGAGEE a itt lutteisws
or ass~gns +nd no e:tenian ol the tfine fw the payment of th~ deb~ hereby secured gi~e~ by the MORiGAGEE o* its successws or au.pns, ~hall operote
!o re~ease, d~scharye, modify change w affect the orig~nal ~~ab;tity o~ the h10RTGAGOR herein, e;ther in whole w in pa~t.
10. It is speufically agreed +Fut time ia of the esse~+ce of th~s contracr and that no wai:er of any obt~gsrion hereunder or of the obligation se-
cvred hereby shall ~t any time thcreafrer be held 1o be a waiver of the terms heteof w of the insrrument secured herby.
I1. In add,tio~ to the fwego:ng mp~thly paymems of pr~nc Fal and inrerest requ~~ed by the pronussory nore secured hereby, mortgagor covenanti
a^,d a~rees to pay to mo:tgagee v~~~h each moo~hly pay~-,ent ar. add ~:onal svm rst,n a~ed bf mort9ngee to be equai to 1, 12 of the annvat cost of the foliow-
~ :
A-All rest properry taxes levie3 or assessed a~a~~st the above descr~bed real es•ase.
B-Prem~ums on fire and windsto~m insurtr~e as nere~n req~:.ed fo be car~Icd or, the ~m~.r~ve•^e.its s:t~ate on the above described premises.
C-Premiums on such mo~tgage guaranty insvia~.ce as mo~toagee sFa:l from t~•~e ro -~me em f:~ ro ca~ry on the,loan secured he~eby.
Mortgagee shall from time to t~me notiiy mwtyagor in wr~r,ng of ~ne ama ~t du~ anti FayablQ hereunder and suth aurn shall thereupon be due and
: a,ab!e on the due dnte of the next monthly payment and each successive :nonth thereairer ~rnil morrgagee shal ot~f mor ~hange in such
e~o.,~r. Such sums s1~all be applied by rteortgagee tov.ard rne payment of real p~operty taaes, insurance pre rtga g anty insurance
„ v~r.~VT3.
i
I IN WITNESS Y~HE2EOf, the said MORTGAGQR nas hereunro set his hand and sea! the day or
~ Sipned, Sealed and deiivered in the presence of: ~
I : ; ' ~ , " ~ ~FlI~ED ~MID it~OQR0E0 ZzY • ~ ~
i sT.luC1E coUNtY fU. cs~,n
~ - - , liOGEii POiTitAS (SeaQ
~1 r~ F1•K C':.",U1j COtRT
~ , , = e ~F•E~ (Seaq
~
S?~TE OF fIORIDA
' ~'st Lu~ ~e ~ u. 3 5a PH'7~ •3~265~
~ ~OUNTY OF I ~U~ ~O
~ Before me perwnally appeared reZly R. ?eazs, a single adlllt
~i~~ to me well known and k:~own to me to be
the individwl described in snd who executed the foregoing instrument, and ack~ww;edgcd be(ore me that he execvted the same fw the purposes
r~e•ein expressed_ ~Awd~Mis~sie~~~~~~~~~..~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~_~~~~~~~~~~~~~~~~
~.i4.oi~M~sai~~~~~~~~~~~~~~~~~~~~~•~~~~~~~~~~~~~~~~~~~~~~~~~~~
a.+rw~n~tiow.blw~~akwrwpusle~aw~ (renri~e+~si~lwnbawd~edenew ~+P~'~'~~Wi+t~r~d.prirM?
~ ~ldge~ 1! ~w~ be~c~'~iws~ ti~M ~1R~ew~[Met~i~ ~wtw~w~n? fr~el~r~sw~ ~Okw1~
'ara~~ anr•wilbw*ar~ ee~npdsio~~ce~rilfelr~r.yPP?!4fleniem ~ fee?~Of or ~+on*her fsk!"4rvl~sr~d.
WITNE55 my hand and offiual seal thi: day of Jul A. 0. 19 77
- - i
~ ,~:i. Y t~. ~ : ~f!; ~ i ~ ,
~ Notary Pubi~c eqd for the State of Florida at larp~
My Comm~as~ expires: ~
r Retum To: ~ No1ary PuL:' .~r=' c~ F',"., L-,•~e ~j 1
s Fin1 Federal Savinys b loan Associat~on M.l Cor: . ~ / 1-1
Of fort P~erce.
Borw:_d . - - Co.
ti fort Pierce, Florida ,
~
i
~ This Instrument Prepared By J• Hal Robezts~ Ji. .
F~rst Federal Savings 8 Loan Association -
of Fort Pierce _
Fort Pierce, Florida 33450 - . -
~~,ecked By --f--l~- BOOK~ I~ ~rE 8~ _ - .
~sh
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