HomeMy WebLinkAbout0497 To plac~ ~nd continuousty k~ep on tM buildinys now o~ M~safrK Ntwt~ or s~id I~nd and on sll equ~pmrn~ and pe.son~lly covaed by thi~ matp~
yt, with all prtmiwns tht~eon pa~d in full, f'u~ inivianc~ i~ the usual standa~d polity fam, k? ~ tum app~oyed by ~he MORTGAGEE, a~d w~~~am
imwanq in t!N usw! at~nda~d policy fam, f~ • ium +pproved by th~ MORiGAGEE, in such company or tompan~~s N tM NORiGAGEE may
directJ and ~II fk~ and w~~wm imurano~ polici~s on arry of ssid build~nps, any int~resl thercin or part IAereof, in ~M ayg~eq~~e wm ~fa~said a
In ~:q1s IhK~of, sMll to~t~in tM ~~wi sta~dsrd mortyapt~ cl~ut~ a tiuth othK tlwse ~t ti» Ma~yagee m~y requut, maAinp tM lost under ia~d pot1~
dN, ~ach and ~very, payabl~ ro Nid MORTGAGEE u its i~tere~t may app~ar, ~nd each a~d ~very iuch poiKy ~h~11 hs prompuy ns.9ned and delive~ed to ~
•ny Mld by u~d MORiGAGEE furtha security to said mwt9~ deW, u+J, not lea tha~ ten (10) d~ys in +dvanc~ of tl» eapiratlon oi ~~ch polrcy, to d~-
live~ lo Nid MORTGAGEE a t~eKwal therWf, top~tl~ wilh a ~~ceipt fw the premivm oi i~th renew~l; +od there shaU be no fue ar wind~~am insur~nc~ , ~
plaad on anr of wid buildinps, ~ny u?ter~st tM~ein a part tMreoi, u~leu in ~he form snd wi~h ~he losa pay~ble as ~faeuid: ~nd i~ tlx event any sum
of nwMy beccr,~es pay~bk u~d~r iuch policy a poGcies uid MORTGAGEE shall haw ?M op~~a+ ~o rece~Ye and spply ~he ssma on account of tht indebled-
n~ss pcv~ed F~~by or M pKmi? said MORTGAGORS to ~eteive and us~ it Or any parl thercol lor other purposes, wi~hout Ih±rru/ waiving o~ a~ipair-
ing any p~ity, li~n or riph~ w~d~? p by virtw of this mortya~~; snd in ths ev.~t uid MORTGAGORS ~h+ll fw any reawn fail to keep tF~e said pnmises so
insvred, or fail ro dsliw~ p~anptly any of said policies of i~wrance to said MORTGAGEE, w fail promptly to pay fuily any premium therefw a in any
isiped fail ro psr(orrt~, dix!»rge, axecut*, ef(ect, complet~, comply wi~h ~nd abide by t1?is tove~ant, a any par~ F,ereof, said MORTGAGEE may place a~d .
pay for a~ch Iiaurancr ot any pan therwf without waiviny a sfi~ctinp ~ny option, li~n, p~;ty, w riyht under w by virtue of ihis Mo+~Qage. ~nd fhe
full artque?1 of ~ath ~x! tv~ry wth payment shall be inunediatsty dw and p~yabl~ ~nd shafl bear interest from tM date thereof un~il paid at the rat~ oi •
nine pa centum pa anrwm ard together with such u+tcrest shaU be secured by tM tien oi this matyape. .
~ To p~?mit, comnit a wffN no wat~, knp~'umtnt or dttaioration of said propsrtr or ~ny p~rt tl+ereof.
S. To p~y dl ~nd slnpvlar th~ cotts, tharpp and expN+tes, intluding a reasonable ~tw?ney's (se and wsts of a~str~css oi titte, incurred w paid at
any time by iaid MpRTGAGEE, becws~ a in ths ~ven1 of ths failure on the pa~l of tM said MORTGAGOR ~o duly, prompely ~nd fvlly perfam, d~uharg~
rxecut~, ~fiecf. complet~. comply with ~nd ab~d~ by ~~ch and ~very the uipula~~o~s, ~greements. cond~tions, end covenanq of sa~d p?om~uory ~ote and ~hi~
mwtyap~ any w e~~he~. ~nd sa~d costs chu~es ~nd expenses, each ar+d every. ~halt b~ immediately dw and payable: whe~her a no~ rher• be no~:ce dr
mand, attempt ro collecf a wit pandirgp u~d the full amovnt of each ~nd every such paymem shall bear ;nreresf from the date thercof until paid at the
rau of nine pe~ centum per amwm; ~~d all iaid cos?s, chuges and e:p~~sea ~ncvr~ed w paid, togather w~~h wch interes~, ihatl be secured by ~he lien of thw .
mortg~.
6. Tfiat in the tve~t of sny brtach of this Matgape a default on tM part of the MORTGAGOR, a(b) in the ever+t ~ny oi satd sums of nwney
herein rofe~r~d ro bs not promptly ind fully paid wi~hin th~rty (30) days ~ext aiter the same xverally beconx due and payable, w~thout drmand w notice,
or (c) in the event each and every the ttipulstions, sgreem~nts, cond~tions and covenants oi sa;d promiswry note and th:s mortgsge any w eifher are no1
~uly, promptly and f~IH performed. discF?arged. executed. effected. completed, complied with and abided 5Y. ~ ei~he~ or any such ewnt Ihe s~id ag
gregate wm me~tior?ed in uid promiuay rate thea remainirg u~paid, with intereu acaued, snd all maxys setured hcreby, shatl bccome dw ~nd pay-
ab:e forthwith, or thereafter, af ~ke oprion oi said MORTGAGEE, as fvlly and completety as ii all o~ tFu: x~id wms of money were a~ginalty :?~putatcd
to be paid on sucM d~y, a~ythin~ in sald promissory note w in this Mortgage to tha comrary notwithstanding; and ~hereupon w thereaiter a~ the option of
sa~d MORTGAGEE, wi~hout notice p demand, suit at law a in equity, therefore w therca(ter beg~n, may be prosecuted as if ell morwys secured hereby
had m~tured prwr to ih institution. ~ ~
7. That in 1M event that at tM beginning of w at any time pc~ding any suif upon this Mortgsgc, w to fweclose it, or to reform lt, or to enfwce
paymant of ~~y cfaims hereunder, said MORTGAGEE sMll apply to the Couh having ju~isdiction thereof tor the appoimmeM of a Receiver, such Court shall
(orthwith appoiM a reteiver oi iaid mqtgaged property all and sirgular, includ~rg all and singular the income, prohts, issues and revcnues from whetever
source de?ived, each and every of wh~ch, it beirg expreasly understood, is hereby ma~gaged as if specifically xt iwth and deuribed in ~he grantinp and
habcnd~m clautes FKreof, and suth Receiver shall Mve all the broad +~d effective funct~ons-and powers i~ anyw~se entrusted by s Gourt to a Receivar, and
•uch appointment shall be made by suth Cowt q an sdmitted eqvity and a matter of ~4wlute ~igM ta said MORTGAGEE, a~d wi~hout roference !o the -
adequacy or inadequacy of ~he v~lus of ihe property mortgaged w to the so~ve~cy w insolverecy of said MORiGAGOR a- the deFendants, and Mat s~ch
rena, proiin, intane, issues snd revenues ~II b~ applied by such Receiver accwding ro the lien or equity of said MORTGAGEE.snd the practite of sucA `
CcuA.
8. To d~ty, pramptly and fully p~rform, ~scharge, exccute, effcct, comple~e, comply with s~d abide by each and every the stipulaiwcu, ag?eements,
conditions ud covenants in said promiuay ~ote and tF~is mwtgsge set fath.
9. That i~ ths event the ownersh7p of the mort9aged p?em~ses, o~ any part Ihereof, becomes vested in a perwn other than the MORTGAGOR, the ;
MORTGAGEE, itt wcceuors ~nd suiQns, rt?ay, without notice t6 the MORTG~?OR, deal with such auccessor a successor in interest with ~eference to this
mortgsge and the debt htreby tecured in the same mannet as with Nbrtgago~ withoW in sny way vitiating d dixharging the Mortgagors' liability here-
~~nder or vpon ths debt hereby secured. No sak of ths pr~mtses hereby mwtgaged snd no forbearance on the part of ~he MpRTGAGEE or its successors
or auigns and no extension of the time fw the payment of tAe debt hcreby securtd given by the MORiGAGEf w its successors or ass~gns, shall operate
to release, d~schuys. modify ch+rge a sffect the original lisbility of the AM1ORTGAGOR ~eroin, eit~er in wFale or in p~rt. ~
~
10. It b specifiically aQ?eed th~t time is of the essence of tha contract and thaf no waivar o? any obYg~tion herevnder p of the obliy+tion se-
cu;cd hereby sMli at any time thercaftet be heW to be • waiver of the terms ha~eof a of the instrument secwed herby. i
11. In additia~ to the fwego:ng monthly payrrronts of princ'pal and interest ~equired by the promissory nore securea~ hereby, mortgagor tovenants
and ag~ees to pay ro mo~tgagee with each monthly payrr.ent an addi~iona! sum estimated by mortqagee to be equai to 1~ 12 of the annual coat of the folbw-
in~:
A-All resl property tsxes leried w assessed agai~st the above desribed resl estate.
8-Premiums on fire and windstam insurance as herein requ:red to be carried on the imgrovements situate o~ the above described premises.
C-Premiwr~s on wch mortyage gwranty insurance as mwtgsgee sh~ll from time to time deem fit ro carry on the loan secured hereby.
Mortgagee shall from time to time notify mortgagor in writing of the am.ount due and payable hereundrr and such sum shall thereupon be due and
~i cayabk on the due date of the next monthly payment and exh successive month thereafier until mortgagee shall nonfy mor~gago~ of a tha~ge in such
j amount. Such sums shall be a lied mort toward the '
pp by gagee payment of rcsl propcr~y taxes, inswance prem.ums, snd mortgaye guaranty insurarxe
` p~emiums.
IN WITNESS WHfREOf, the said MORTGAGOR has herevmo xt .his fiand u~d seal the day and yesr. first afwessid, '
Si~ned, Sealed and dtlivered in the pre~e+~ca of: " ~
~
' iE CbU~Tr FiA. ~']~Iic~a~b~ - ~N~
~pCEA ?OITRI~S - ~-an
Cl EaK CIRCUIT CQUaT Smrn~.~*-~ n
- . - . . •;r?ti~EO ~iffi'~S'S :SeaO
1 ~ 'f! _ K'
SiATE OF FLORIDA St.. L1lC~@ !W~% ~J IO 39 AN'~ " .s -
COUNTY OF ~ ~ • • ~ ~ f ~
Michael s. saaiaa `3 6~~cr3 ~ - ~
8efwe ms parsor?aily ~ppesred ' > snd
I~BTy SIl@Il .SS~~SC - ` : ~y i
his wife, to me we~; kwown a~d knawn ~0'"~ to b~ ~
the i~viduals dewibed in ~nd who executed the f~~w~o tr~nt, and ~cknowledged befwe me that they exeai~led tfi~ same for t~:-p~poses
therein enpressed. And the sa~d Iiarsr S].len ~isiae ~-f : ~ y~~
. .
Ziichael A. Sa~iac r • - ~ ~
w~fe of the ssid upon'~~epa_
(ite;~h~' Wivr. _
exam~nation by me taken sepante and apart from Frcr said husba~d, adcnowledged to and before me tt~at she executed taiQ ihafEyq~T~f eafy`~d. vo{un-
tarily and withovf any oompvlian, canstraint, ~pprehens~, or feu of or fmm her said husbsnd. ` 1:t,``~~~•~."
WRNESS my hard and official seal t~ day of Au St D. 19~_ -
z
Nota Public ' and for the State of Florids ~t Larpe r,
~ My Comrn" eapires: ~ V
~ Retum Ta. ~
First Fade~~) Ssvings a loan Association i
~ Of Fort P~erce. . . '
n ~ r~ O~ t~7I:~ ~Z :d'~'t ,
Fon Pierce, flaids J ~
t_ _ .-'?5 4'. ..;J ~ ~
:c.~.a M..r.c... ;w. s .c....... t
This Instrument Prepared By ~~'Y F• ~1i~Od
First Federa) Savings b Loan Association ~
of Fort Pierce
Fort Pierce, Florida 33450
BQOK2?~ ~ 494
Checked By 1~~ . - `
~
% ~ t
,_~_,~...s~,s.. _ r
. . - - -
``~~n.~-~-,.~- .4 :