HomeMy WebLinkAbout0695 3. To plac~ ~nd continuousiy kNp on ~M build~ny now or Mr~~fta ~;tu~~a or ~aid I~nd ~nd o~ all eqw~unent ~nd peno~aliy covtr~d by Ihis mort¢
p~. wifh ~11 pr~mium~ tMrwn p~~d in futl, fin iniuunw ~n U?e uiu~l ~r~nd~rd potKy fam, in • sum ~ppro+ed bY MORiGAGEE. •nd wind~twm
irnw~np In rh~ wwl uudad potKy fam, in • ~um ~pptor~d by ~M MORiGAGEE, in wch canpany or comp~eu~s u tM MORTGAGEE n~ay
dinc~s ud ~II fIn u+d w~rwn+ i~w~nu pOIiCN1 on ~ny of sud build~ep~, ~ny I~r~.n~ tMrein o~ p~~t ~M.~ol, in ~Fw a~yrep~e~ w~? ~fa~s+id o~
In u~pM tMrwf. ~Iwll aoM~in tM uswl st~ndud mo~tpayN cl~uN w wch o~hw tl~uH ~s tM Mo~~9~N m+y r~quu~. m+Mi~p rM los~ undN u~d pdi~
ci~a, ~ach ud ~wry. par•bN a wid MORrG~GEE +s ~n imHCSt ma~ ~ppw. +nd Nd+ ~nd •~ery ~ucA po~~cy sh~11 b~ pron+p~ly ~u-q~d u+d delivK~d ~o
~ny h~Id by Hid 1NORTGAGEE ~s (unMr uturity ~o uid mortpap~ dtbt, ~nd, not I~is than ~~n (10) day~ in ~dwancs of tM ~xp~r~tan of ~Kh QOIKy, to d~- ~
liw~ ro a~id MORTGAGEE • r~.~ewal tMreo(, ~opa~hN with • r~c~~p~ tor th~ pr~mium of ~ucA ~~~w~l; a++d ~Mr~ ~hatl b~ no fir~ a wind~fam inwr~n~ ~
plac~ pn ~ny p1 uid b~rildinq~. M~t It1fNN1 MHfi11 w p~rt th~~eof. V~1I~N in tM form ~r~d wi~h tM los~ p~yabk as a(orei~+d: ~nd in ~M ~v~M ~ny sun~
of ~we~y b~Ca,nN p~Y~bl~ uad~~ ~uch policy or po1K~~s ~aid MORTGAGEE ~hall Mw ~M opran ro rec~rv~ +nd ~pplY tM ti+m~ on ~cca?^~ of tM M+d~bted~
e~a Ntwed Mr~by a w p~rmit s~id MORTGAGORS to ~cceiv~ and uw it w any pan thereor for othrr pu~poscs, w~~ho~t ~hercb~ wa~ving or ~mpai~-
InQ any puity, li~n a rph~ undN w by v'utu~ of tAu mort9p~; ~nd in tM ~vent u~d MORIGAGORS ~~all fa ~ny reawn tail to keep tl?~ said pr~mws w
ieuund, p f~il M d~liver pron+pllY ~~Y of s~id polities of intu~~r+ca to s~~d MORTGAGEE, w(ait promptly to pay fully ~ny prem~um the~e+w w in a~?y
n~pKt f~il b pHfonn, diuhup~, •xetvte, ~fftct, complet~, tomply with +nd a~id~ by thi~ covenant, a•ny part hereoi, ~aid MORTGAGEE may D~~ce +~d
paY fw wd~ Inwranc~ w ~ny p~?~ therwf withovt waivinp w•ffectinp any op~lon. lien, eQu~ty, o. ngh~ undc~ or by virtve of fhis MwtyaQe. •nd tAt _
full ~movnt of ~~d~ and wKy kxA ~+Yrtwnt sMll b~ inxnediat~ly dw ~nd payabl~ •nd ~Aall be~r i~t~reu from rh~ dat~ ~hcreof un~il p~id ~1 tht rat~ of
n;r,~ pK cMtwn pM anwm and togetAe. wirh such interest shall be tecured by tl+~ lie~ of thit matpag~.
1. To pamit, aonrr~it w suffN no wast~, impairment a d~t~rioratan of uid property w sny put thereof.
S. To p~y ~11 and sGqu~M tM co~ts, cMryes and t:p~ues. ~ncludiny • r~awn~bl~ at~w~ey's fce and costs of abstracts of title, incurred a paid a1
any tMn~ by s~id MORTGAGEE, b~c+us~ a in th~ ~vent of ~M failu~~ on the part of th~ :aid AAORTGAGOR to duly, promptly ~nd fully pe~torm, d~xha~q~.
•~ecuh. ~fhc1. complet~, complY with ~nd ~b~ by ~ach ~nd wery tM stipulatio~u. preemenn, canditiona. ~nd covcnann o( ~~id p~omisiory ~ote ~nd ~hii
morpap~ ~++y or ~ither, u~d sud co~n. tA+rp~s and t~p~nses. c~ch ~nd ~w?y. ~MII b~ immed~~~ely dve ~nd p~y~bt~: wfiether a ~of rMre b~ notice de
m~nd NNmpt to co11M or wH p«+drtyi ~nd tM full amount of ~xh ~nd wNy fuch paymenl sl+atl bea~ inrerest from ~he date tnereof until paid at the
rote of ~ir» per c~ntuen pN ~nnum; ~nd ~II i~id cosh, cMrges and expenses ~ncu~red w paid, toge~her wnh auch inarss~, ~MII bs secured by tM lien of thu
b. ThN (a) in the ~v~nt of any brexh o1 this Mo+~y+fl~ w def~ult on the pert of thr MORTGAGOR, or (b) in the eveM ~ny oi said ~ums of money
Mrein rtfNr~d fo b~ not promptly ~nd fully paid wirhin th~rty t30) days next ahe~ ~he seme teverally become due and payable, without demu+d or notice.
or in tM w~nt ~ach ~nd ~wry the stipulationa, ~greemtn». c~rions •nd coverwna of sa~d promiuo~y nots snd th~s mor~qa9e any or ~ithe~ ar~ nol
luly, promptly and fully p~rform~d, d~xharped, ~,cccu~cd, efiectcd, cdmpletad, compt~ed with and sb~ded Sy, then in either ~ any such awnt tM said ag
prey~N sum meMio+wd in Nid promiswry not~ then remaininp unpaid. with inttrest ~cuued. ~nd ali moneys secured herebY. sMll btcoaN dw and p~y-
~bt~ fathwith, Of ~M(NffK~ at tM opr~on of s~id MORTGAGEE, u fully +nd comple~ely ai if atl of rhe sa~d sumi of money we.~ a~yinally n~pulacd
to b~ paid on wch day, anythinp in s~~d pran~sswy note a in this Mortyaye to tM contrary notw~th~unding: and rhereupon or theresfter a~ ~M opt~on of
said NWRTGAGEE, witFaut notec~ a demand, suit ~t law a in puiry. therefon a there~fta bcgun, may be prosecutcd as if •II mw~tys Kcured hereby
had m~h1fld ptqf to iri IMtitutiOn.
7. Th~t in tM ~v~nt thH ~t the b~ginnir+y of or at any t~m~ pendinp any svit upcn th~s Mortg~ge, a to forecloss it, w to nfam tt, a to ~nforc~
p~yrnMN of sny d~irm Mrwnda, s+id AAORT~aAGEE shalt apply to the Court Mving junsd~ction thereof for the appointment of a Receiver, ~uch Court sh~ll
Fprthwith ~ppoint • rwivN o/ uld mortQptd prope~ty dl and sirgul~?. includ~ng ~11 •nd singul~r the income, p~of~t~. istuea and r~v~nutf from whatever
w~xq der'n~d. e+ch ~nd ~v~ry of which; it beinp expreuly und~ruood, is i+~reby mat9aged ~t if tpccific~lly se1 fath a~d dew~b~d in tM p~~nring and
habMdwn clauw~ 1»nof, u+d wch Rec~ivK ~MII luv~ ~tl th~ b?o+d ~~d tffectivs funttions snd powers in anyw~se entru~ted by ~ Cou~f ro a Receiwr, ~nd
~uch appolntm~nt ~hall b~ m~de by wcA Court u~n ~dmined equ~ty ~nd a mattN of •b~olu~e right to said MORTGAGEE, u+d witAout refennc~ ro tM
~dsqu~ey p Inadpwcy of th~ valw of th~ prop~rty monps~ed or to tAe so~v~ncy w insoivency o( ~~~d MORTGAGOR or ths d~fend~nu, and tM1 sucA
r~nts, profi», tncarr, Iwws ~nd rwenw~ ~hall b~ ~pp~ied by such R~c~iver ~ccordiny to th~ li~n w puity of aid MORTGAGEE u~d th~ practiu of wch
C,ourt.
S. To duly, pranptly ~rd fully p~rfom~, d~xharqt, ex~cvt~, ~ffect, complet~, comply wlth and ~b~de by each N+d evtry tM ~tlpulatans, apr~nts,
ca+diliar ~rd co~r~n+m~ in ~s~d promiuory nor~ ~nd ~h~a mwty+9~ w~ fa1h.
9. That M_ tM wN+t tM own~nF?ip of the mortgay~d pr~mif~~, w ~ny psrl thereof, 6ecomes wsted in • penon mher then tM MORTGAGOR, th~
~ MORTGAGEE, Its wcctwor~ ~nd auiym, may, wi~hour notice to the MORTGAOR, deal with such succeuw o? successor in int~re~t with rafN~na to this
mwtpp~ and tM d~M Mr~by wtur~d in tM s~en~ m~nner a~ w~th Mortpayw w~thout in ~ny way vit~atirq a d'+uha~ginp the Mwty~o?s' liabifity Fw~-
ur~r or ~pon tM d~pt 1~er~by Ncvr~d. No sal~ of th~ premis~s her~by morty~yed ~++d no forbearsnc~ on tM p~n oi th~ 1NORTGAGEE w lh a~cc~s~on
or asafprr ~nd no ~at~rulon of tM tim~ for tM p~ym~nt of th~ d~bt h~nby secur~d ylven by th~ MORTGAGEE o. in ~vcuiwn a~uiyns„ sMll opa~a
ro r~aw, docharp~, n+odify d+ug~ or ~ffsct the orip~n~l I~ability of th~ MORTGAGOR Mrein, ~itF»r in wlw1~ w M p~n.
~ 10. It b apecifka~~y +prKd that tim~ b of th~ eaaence of thh contr~ct ~nd th~t no w~iver of any obli9~tion Mr~und~r w of iM obllpation s~
~ cvr~d h~nby sl+all at ~ny tim~ rhsr~ahK M held to b~ a w~iver of ~M t~rms hersof o~ of tFr insrrument secur~d herby.
~ 11. In ~ddition to tM fapo:np monthly p~ymtnn of princ'p~l ~nd int~re~t r~quired by the promitsory not~ secu~ed Mreby, mort9a9a mw~a~ri
j and prws ro pay to mortppN with ~~th monthly paym~nt an ~dd~iion~l sum ett~meted by mongspee to be equal to i/12 of ths ~nnu~! cwt of ths follow-
~ .
; A-All red prop~rty taxN levied w•~u~sed agai~st the above d~svibcd re~i e~~ete.
~ 6-Pnmium~ on fin and windatwm in~ur+nc~ n he.c~n requ~red to be urricd on the ~mprovemenb s+tuare oo the ~bove described premises.
~ C-Pr~mitxm on wth mwty~y~ yw~anty~ inaun..ce as mongsgee sha!I from t:r-,e to t~me deem fit to cany on the ban secured hereby. .
~ Mwt9pN ahall from tirn~ to tirrw notify mortgayor in writing of the amount due and paysble hereunder and ~uch wm sh~ll thereupon be due and
`,K pay~blt on tM dw daM of th~ r»xt monthly payment and each successive month thereafter urtil mortgsgee shsll notify mortgagw of a chanye in such
~ ~movm. Such suea shall b~ ~ppli~d by mortysyee toward the paym~nt of real property taxes, insur~nce premlums, ~~d mwtgape ~wrany inwr~nc~
~ pr~+nlwm.
k - IN W NESS WMEREOF, fiN uid MORTGAGOR hN herwnto s~t his hand ~nd ~ed the d~y ~nd y~~~ firtt afass~id.
~ S~abd ~nd d~ ~ In tM pr~wnu of: ~ ~y-------
~
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~ u o ~ fl`~~' iL~i. OCER POITRAS R" -
- • ~!=_RR CIRCUtt CCURT ~ \ rs..q
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y~ i4FA~E7fOC8~iC - ` ~ ~b~
;:Y ~~~lity _ of 1~etropolitan Toront~ ~{~j ~ ~ 3 2~ PN
~ T'ranri cr-, t't~i T? ~ 1 Sl^ftjP 3Ci• ~ t -w~d
d~fon m~ p~rwndly ~pp~and -
~
i~Y ~r,~if~ to rn~ vwll known ~nd known b ern to b~
- th~ I~vldwb dNtrib~d In ~nd who ~:~tut~d th~ fot~poinp Instrum~nt, ~nd ~ckrwwl~dped befon rr» that tMy ~x~cut~d tM s~m~ fw th~ purposas
fMrtln~apr~d. '~1r~th~sd~ - - - - -
wtis-olaM-s~ii -ia---------- -~?-+-MP+rsw-+odMWal?
z~ MtMfIMMK0~1'~'y i1M~f~I[Nf'M~Mb'tfl~ ~A ffO~R ~Nf'fald }1t7ib1H~, 7CI[f10MIl~d b-M~ ~OI?IM N1M-iA?~Mt~Q11~ N~'~MMNMM-fN~I~~flr'11~I1M~
E~fil~ ~ sfwifbCRIC RYmpo1f10~ ~CwQ?~(11fj~p/rNllAAli~ ~I ~1F-Of ~F 1rM1F k~? Nid~iAllEifb.
WITNESS my hand and offklal s~+l thi. - 31'C~ d~y o{ Januar 0. 1978
~Y ~ -
~i
Not~ry Publk In and for t!w
PY'OV111 f ~I1t1T10rCc1il1C~` .
R'""" T°` ?~iy Carmission is for 1 fe.
Rnr hde.d s.vlnp. a twn w..«~.n«,
Of FoA Pi~rc~. '
' ~
':'a fort Pl~rp, flotld~ : • • '
_.4. _~~ar . .
%i - ~s~ _ ~ -
~
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= This In:trument Prepered By ' . ~ '•^t„'r, ~ ~ , ~~?~r, . ,
firat Fsd~r~l Savin~s b loen Association ,
of Fort Pierce - ~ .
; Fort P~eru, Florida 33450 p ~ ~ ~ ~ ~ °•~'u'
3u0~t
Checked By `
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