HomeMy WebLinkAbout0335 3. To plac~ and contieN+a+sM kNO on tM build'a~~p iww a hNN(~ WuaN„or sar! land and on all equ~ns~~ and pe.m.wlly wver~d bY d,a +nap~
ye. wi~h dl pr~miwes tF~wn paid in 1~1~ fin iinwar~ in vawi s~andN~ pol~cy Iw~. in • wm ~ppc.~d br tM MOR~WIGEE. and w:nd~~am
inw.ana in tM uswl sundard poGqr fonn, in ~ zwn s~{xovd by tM MORTGAGEE. in wch canpan~ a comp+n~~n a tM N~OkiGAGEE. m+y
d~.eaj w~d all f&~ and wind~arm imu?~ pol~ci~s w~ aoY of ~+id buildinps. ~ny i~at ~l~ein w par~ ~he.eof, in ~M a9pre~+~~ wm ~faaa+d or
M, ~:pss N~wf, aMll cont.in ~M vwal ~~~ndard mappN clwN a wch a1+K dws~ a ~M Mor~9a9e~ mw rpuK~, m+tk~p tM toa urd~. sad po1E .
ci~s, each and ~vKY. wrab~. a•a~d MORTGI?GEE a it~ iolaesf m~y ap~. and ~~ch and tvMy ~uch pot~cy shall b~ prompuy au.yn~d ~nd d~livaed ~o
any MW by s+ld MORtGAGEE ~s fwthK ~ea?rity ro aid mav~sp~ d~W. a+~d. oa less ~han ~ OQ) d.r in .d~•nc. of ~M ~~pi~•~ian ol Nch policy. w d~- ~ ~ , ~
. Gwr ta said MOR1GAGfE • r~n~wal therwf, topt~htr with a rec~~p1- fw tlr p~mium of ~vch ~enewal; ~~d ~he~~ sMU be ao f~~ e~ wendi~am inswanc~
pl~csd on ~r of said buil~nps, anr interest 1Mr~in or p+~t tl~uaoi, vnkss i~ tM (am u~d with tF~e bu payabM ai ~ta~said; a~d in tl+~ ~YeM sny swa _
of nwn~y be.~s p+Yabl~ wd~ such policY w Policin said MORTGAGEE ~hall h~w the opt~on ro rece~ve u,d spply tn~ sam~ on sccount ot ~iw ind~tr~ed
neu s~ew~d I+K~by a b pKmit saitl MORiGAGORS ro reoeiw and ~w it w any parl thereoF la oiin>r purpases. wi~iw~t th=.cb/ wa~vi~g a~nip+~r- ~
• i^~ +nY p~~Y. ti~n or •ph~ und~. a by viNw of ehis morp~pr, and in tM ~vMt s~id MORTGAGORS ~hall fw any ?~asoe fail w kaap the wid pnen~ses w _
insured, or fa(1 b d~Gver promptly any of said policks o1 inwr+nu ro s+id MOATGAGEE, w fail promptly ~o pay fuily any premium tF+e.~tor a in any ,
respect faii b p~rlan~, dischuge, ex~cut~, eH~ct, canple~e, comply wi?h ~nd ab~de by this covenant, or ~ny part Aeroof, sa~d MORTGAGEE may pl~ce ~~+tl
paY fw wd~ 6nuranc~ w ~ny part tlwwf without w~ivinp cr ~fi~ctinp ~ny opt~on, liee, eq~~~y, a riyh~ uncie~ w by vinw of ~h~s 1Nor~y+9a. +nd tM .
full smareu oi esch ud ~vKy sucF~ paymeM shall be immediately diw and paYable and sh~ll bsar interest from tM date thereof unti~ pa;d at ~M uN ol J .
n~ne p~? cauwn pN a~uw~~ and to~ether wi~h wch intwesf sh~N ba satured by tln lian of this r*wrl9ye.
I. To qrmit, oomnit a wffw no wut~. impakm~nr w d~terloration of ~aid property a~ny pwt tbe.~of. ~ f•
5. To pay ~II ~nd sL+pular tl» costs, cF?uqes ~nd ~xp~nszs. inclvdirg a reasonabl~ anomey's fe~ and cosrs o4 abstr~ds of ~~:le. incwred o~ p~id a~ •
any tims by said MOR1CsAGEE. beca~~~ ot in tM ~wet oi tM hilun on ths p~t of ths taid MORTGAGOR a dvly. w«~Ptti a~+d f~~h Pe?f«M. d~scnargR .
execuq. ~fhtt. oompl~b. eanply with u+d ~bid~ bY ~~d+ ~Y ~ stipulatiwu ayreemenn. conditio~s, Md oo~i~n+nn of said promissory na~ and ~1w~
mort9apf anY o~ tithe~. and sa~d cosn. chu~s ~nd ~aperws, Msch and ~wry, sh~li b~ inunediateiy dve and pay~bh: whe~her w not the.e b~ norice ds ~
mand. ~rnmpt to coflect w wit pend:~: snd tM_ fuN s~+wvm of euh a~+d wa.y wd~ wrmem sl++t! bea. inemesr trom ~he dare thcreof unril patd at the ,
eu
rate of e~ine pe~ tentum pe~ anw.r; and all ssid costs, charges ae+d sxpensas incwr~d or pa1d. Iogetlw w=th such i~eeres4 sha{! be secwed by tFK lien oi 11w
mortp~. _
b. ihat (a) in the event of any br~acl~ of Nds /Nortpap~ w d~fault on the.part of the MORTGAGQR, w(b) in tfi~ event ~ny of aa7d sw++s of ma»y
herein refKr~d Io be ~a P.o~+~~ny u,d t~iy Pa~d within thefy (30) d~ys ~ex~ at~e~ ~he s~+e severa~ly become due ae+d payablt, without demand or notice.
or (c) in tM event each and evsry ~ha stipubtions, ~9ns.nenta, condiKa.~s and coven+~ts of ta:d prom~ssory note and +F~s w~,p~e ~ny w e~the~ as na .
iuly, prompNy ud f~llr pKformed, d~xhuged, execv~ed, effected, canpkted, complied wi+h and ab~ded Sy, then in e~iher or any such went tM u~d ag
pregate sixn mentiw~ad in said pomissory noN then rKnainir~ unpiiJ, with ~ntertst ~aued, and~ a11 mwroys secwed hereby, shall becon~e dw and p~y~
able forthwith, or thereafte~, ~t the option of said MORTGAGEE; as fvlly and comp~etely as if atl of tF+e said sums of money ~vere pginitly st~pu?ated ~
~o be paid on Hxh day, anythirg in ss;d promiasory ~wte w u? thin Mortgage ~o the conuary rwtwi~hs~andiny: and thereupon or thcreatter ~he op~~a+ of
~a~d MORTGAGEE, without notic~ or demand, wit ~t law w in puity, thereFore w rherea(ter begun, may be prosecuted as if all ma~eys iecured hereby _ !
had matured ~a~ to in institution. _ • ~
7. TMt in tM eveM thst ~f the begiening of or at ~ny Y~ Qend'ng ~ny wit upon tha Mo.tgage, w to forecbss it, w to rcfonr it, w to enfwn ~
paynxnt of ~nr cls'rris Mreunde~. s~id N10RTGAGEE shall apply to the Gowt F?~ving jwisdiction thereo( io~ t!~e appo~ntment oi a Receiwr. wch Cowt sF+aU ~
forthwith sppoint a n~ceiver of said mort9ag~d proprty all and iiny~la, includ~~ a{I and singul~? ~he income. profits. iuues and revenue~ trom whafever
•ource daned, eatfi and every of'which, it beiny expreulp undentood, is hereby mortgaged as if spec~iiulty set fa~h a+K1 desuibed in the granting and
habendum claus~s hereof, u+d such Receive+ sh+ll Mre ~ll the brwd and effec~ne functwns and powrrs in anyw~se entrw~ed by a Cour~ to a Recei~re~. +nd
•uch sppointmcnt shatl tie made by wch Coun as an admitted eqvity and a m+tter oi absolute right q said MORTGAGEE, snd wi+hout refcrence w~he
edequscy or in~dee„racr of th~ vslue of the poperty mwt9a9ed w to th~ w~vency o? inso~vcncy ot said MORiGAGOR a d+e defendann, and that such
re+.fs, profin, income, issues and revenues shall tie ~pplied by such Receiver sccorduig to tM tie~e o~ equity of said MaRiGAGEE and the practKe oE such
Covrt.
8. To du!y, pwmptly and fully perfor~. d'achsrge, e:ecuts, effect, compkte, mmply with ~nd abide by esch and every :he stipu{ations, agroe.-r~ents, s
cpnditicns snd covenants ~n sad promiuory rate u~d this mortysge xt falh_
9. That in the event the ownership of ti~s mortgayed prr.n~ses, a ~ny part thereof, becomes vested io a person othe~ thx+ the IAORTGAGOit, the 3
MORiGAGEE, its successors and au~gns. may, without no7ite to the MORTGAOR, dea{ with such wccr•sw a successoi ia imerest with reference to thii ~
mor~gage and the debt hereby setured :n the ssme manner as with Mwtgagw w~thout in ~ny way vitiatin9 or d+xha~g7ng tfie Mortgagors' liabi!ity here-
under or ~pon the debt hereby secured. No sale of the prem;ses hercby mwtgsged snd no fwbearaxe o~ the part of the N10RTGAGEE ot irs successon °
or ass~g~s ~nd no extension of ~he time fw the payrt~nt of the debt hereby secured yiven by the MORTG~?GEE or its succeuors w auigns, shall ope~ate
ro release, dixhuye, modify chsnge o? affect th~ orginal Gab~l~ry of the lNORTGAGOR here~n, ei~her in whale u in part.
10. It is specificall~ sgreed that t~me a o! the euencc cf th:s contrad and that no waiver of aey obSyat~on hereundcr or of the obligatan se-
curc~ hereby shall at any time thereafter be held to be a wairer of the ttrms h~reot or of the-instrument secured icerby.
and agrees to pay to mortgs3ee with each momhly payment an add~riona! sum estimated b/ mor~gsgez ta be equa! to 1~ 12 of the annual cost of the follow-
~
-All real y~roperty taxes kvied or assessed agai~st t!x above descr~bed resl esrate.
B emivms on fire and wir+dstorm insurance as herei~ requ:red ro be u~~ied on the improvements s~t~ate o~ the above described premises_ -
li C-Pr 'ums on such mort9age gwranry irs;~.~r~ce u matgagee shall from t~rne to time deem fN to carry on the I~n secured hereby.
~ Mortg 1! from time to ~7me notifl rr.o.tgagor ~n w.~~:rg of the amounr dws snd psysble F~eunder and such wm shall therevpon and
i ~ayabte on the d te of the next rtwnthly payment and exh s:~ccessive month thereaf~rr ur.til mortgagce shall not~fy mortgagw of a in such
aTo~nt. 5uch suma be applied by mortgagee toward the payment of real .propo_rty taxes, insura~ce prem.wns, and matgage guar insurance
p~emiums. ~ -
IN Wf:NESS Y.'HERE he said N~ORTGAGOR hss hereunto set his hsnd and seaf the day snd yesr fint aioresaid.
f Siyned. Seakd and deli in the presence of:
f ~
~ ~
~ ~
~ . - -
~ STATE OF FLORIDA ~
u .
couhrY oF
Before me personally appeued and
his wiie, to me weN knawn and knawn to me to bs
the ind~viduals described in ~nd who e:ecuted the foregoi~g instrmnent, scknawt fore me that ti+ey executrd the same fa the purposes
rherein expressed. And ihe sa'
,n~Fe of ine said vpon s sep~r~te snd privaM
txaminaYwn by me_ta:en separate and apart from her said husbind, adcrwvvk<:~ed befwe me thar she executed said irotrumcnt freely and wlw+-
ra•~ly a~d withovt any compuii+on; corutraint, appreFKrtsion, or fes? of or from aid . _
WITNESS my hand and official sesl this day of A. D. 19
~ Notary Pub! ' and for the State of Florida ~f tuge
My Commisian ' es:
Return Ta
First Federal S~vinBs a toan Associatia:
Of Fort Pierce.
Fort Pierce, Florids
. ~
This Instrument Prepar y '
First Federai Savings b Lo Association -
of fort Pie ~
Fort Pierce, FI da 33450 . i
a~rz~'1' ~
Checked By - ~
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~ : i - . . . ~ Y'1 ~
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