HomeMy WebLinkAbout0281 3. To plx• and continuous~y kecp ai the bu~'d~nga now or he~eaitar •~twte or ~,~d tand a~~d cn ~t; rq.+.~. ~•rn+ a~,J peraonaily co~errd br 1h~f mu~~q-
~gs, Wilh dl prem~umt Ihrtaon pa•d in }ull, I~re ins~~ance ~n the ~s.i.fl s~a~xie~d w~~cY ~orm, in a w~n a~.;,~u..,d b~ '~~t MUR~v~~GtE, ar.d wu df~o~m
insur~np i~ the utwl st~ndard pot.~y (orm, in e wm appro.ec by ~h~ N!ORTGAGEE, in svch co~~~µo~~y o~ o:.•~:~ o~~,eti aa tne ldOk[(,AGEE mey .
dired; and all fi~e a~.J w~ndttorm intursnee polices on ~nY o1 fa~d bu~~d~~gf. eny ~mt~.r~t ~he.~-~n or p..rr the:~cof, .n ~he a~g~cg„~n •~m ~tureas~d o~
In ~it~st thereof, thall contain t!~s uwal s~andard mo~~yagee d.+uss w ~uch oiher c!ausa a• the Mo+t9a_~re mey ~ay~.re, n:aku~g U~e ~os~ u~Jer s.,~d poli-
cies, ~ach and every, payable ro sa~d MORTGAGEE a~ a~ interait may ~ppesr, and each end s~ery wch po ~c/ sh,:1 ae prompny a~s 9~~ed a~:d de~~~~c~ed ~o
•ny Mld by sa~d MORfGAGEE ~s lunher secu~i~y ro seid mor~geqe deb~, a~d, nor less than ren (t0) days in adren.e o1 ihe e,~pue<<on ot e~ch pol~cy. ~o de•
liver tp faid MORTGAGEE • rtnewal thercof, toy~ethe~ wdh a rete~pt fo~ Ihe ptr~nwm o1 tuth rene.vel; end th~re sha:I La no f.rE o~ w:~+ds~orn ~ns~ranct
pl~t~d on •ny of ss~d build~ngs. any in~erest thare:n or part theroo~, unlest in the form a~~d .r~~h ~La ~..~s ~.a,::L:c ~^'1 °^Y s,•'^
of mpn~y becomes payaG!e u~xk+ such polity or pol~c~es iaid MORTGAGEf shall have rhe opt~on ~o rcc~~~vc ..:•J apy l~*ii~e sa~ne on accou•u oi tl,e ~~~Jrbf~d-
ness s~cured hereby a ro perm~~ sa~d MORTGAGORS to rece~ve and use it w any µ,~t ~h..:~of !or or. r,:,. o~r: i~ ,:r r~, c~ .
ing any equ~ty, lieo or rig~~ unde? or by virws ol this mo:tgage; snd in the evan~ ia,d MURIGAGORS sh:,!I tw any reason fa~l to kcep ~t:e sa~d premsesuso
inswed, w fail to dr~~ve~ pranptly a~y ot s.~id po~:c~rs of insuranta ro sa~d MORiG~GEE, or t.,~t prc:=q.~l~ to ~ ay f.,:iy any pr„ ,~,,m ~hrrelc,r or in a~~r ~
~espect fail to perfwm, d~scherge, eaecute, eHect, canplNe, canp~y v~uh snd ~b~de by th~i cove~~~nf, o~ a~y E~,~~~ h.:rroi, s.+~J Il~vR(G%:GtE ~~~ay H.oce a o
pay ior such inwrance or any part thereof wnh, ul waiving or af(ectiny any optiai, lien, equ~~y, or n~ht u~~~1rr or b~ wrr,,r oF ~lus A~cng,+~e, and ~hc
full amount of each and every tuch paynuM shsll be immedie~ety due and payable and ehall brar interest Irom the do~e tii~•reof uroil N,~d at the rate of
nine per centum per annu•n and to7att,er wi~h such ~nrerest shaf~ be secured by the lien ol this ma~gaye.
1. To pe~mit, commit or suffer no waste, impainnent w deter~ora~io~ of sa~d property a any part thereof.
5. To pay all and singul~r the costs, cMrges and expe~us, includ~ng a r~asonable ananry i fee and costs of abs~~acts of tif'e, ~ncv<<ed or pa~J ar
any time by ~aid MORTGAGEE, betause d in lhe event of Ihe Fai~uro o~ the parl of the said MOkSGAGOR to d~ly, pion'pHy and iu~ly perfurm, d~uha.qe
ex~-cute, effect, compte~e, comply v::~h and ab:de by each and every the st~puiairons, agrrrmenrs, condh~ons, and covenan!s o~ se~d pron:,ssory note and ih~i
n:o~tgaye any or eiiher, and sa.d cos~s, cha~ges and expenses, each and every, shall be ~mmrd~atriy dur and r~ayaLir; whether or no~ ~hare 6e not~ce dr
mand, atlempl to tollect or suit prnding; and Ihe f~tl amount of each and every tuch paymrnt ~h~ti Gea~ in+eres~ from the date therrol untii pa~d at the
~~~e of n~ne per crn~~m ~.cr an~~o:n; end all said cost~, cha~g~~ and ex;~rnses ~ncuned o~ pdid, togzthrr ~veh w:h ~ntcrest, shall be secured by ~he 6rn oi :h~~ _
mortgage.
6. Thet (a) in the even? of eny breach of th~a Mortgage w default on tke n~rt of the MOAiGaGOR, or ;b) ~n tha eva~t any of aa:d tums of money
herein referred to be no~ pranpNy and fulty paid wi~h~n th~rty t30) deys next airer ihe s~~~~e se~ua:!y bew ~~r d~e and paia~!e, wnh-wt de~nond or nonce,
or (c) in the evero each and every the ~~~p~iatio~s, agrerments, cond~t~o~~s and cu~enanra o! s~ d Fron-~~ssory note ~~~d th.n nw~tgage eny or e~~her are nm
~u:y, prOmptly and fuNy pertormed, d scharged, executed, e(fected. completed, tanpt~ed with and ab+ded 5y, tlxn in e+thrr w any svch aveN the sa~d ag
gregste sum meMioned in said pro~nissory note then ~cmaining unpaid, with mte~eit acuved, aod a:l rtzonc~s se~:ret1 1w_re~y, ~haU t.rcome due and pav-
able twthwith, or ~hereafter, at ihe opt~on of sa~d A10RTGAGEE, as fully and complere!y as if aif of ti:~ s~~d s~:ns of money xere or~g:na~ly ar,p~,a+rd
to be paid on such day, anyfhing in sa.d promasory note or in this Mortgage ~o the contrary not.v~thstar~2~ny; ar~~ Ihrreu~n or thereefter at the e{:~~on of
sa~d MORTGAGEE, w~rhout not~ce or demand, suit at law or in equ~ty, therefure or thrreairtr begun, may be prosec~~ed ss ~f all moneys sec..red hr~eb7
nad maturcd pnw ?o ~ts ~nst~tut;on.
7. That in the event that at the beginn~ng ot or at any time pending any suit upon thls Mo~tgage, or ro lo.ec!cse it, or to reform it, or to enforce
F~yment of any da~:ns hereunder, sa~d ~dORTGAGEE sha!I appty to !he Cuurt hsving ~ur~sd.criun tt,e~ac' for ihe ~ppO~nt:neM of a Rece~ver, svd, Coun sh„i
fcrthwith appoirtt a recei+er of said mortgaged property all and singular, incivd.ng all and a~ng~lar thr inceme, p~of,rs, ~ssoes acd reven~es from wh~}aver
•eurce derived. each and every of vvh:cA, it be~reg eapre~sly unt7ersfood, is hereby mo•~goged as spec;~ca~iy set io~th .,nd drsu~bed in the 9~a~~t~~,~ a~~d
h~bendum clauses hereo~, and svch Receiver sha~l have all the b~3ad and efi~crive funu o~~s and po>re~5 ~n any~: s~ rntr~sted by a Cc~~~ to a Rece~vr~, a:~d
r.,ch appointme~d ahall bo made by svch Co~r1 as an ad~nnted equity and a maner of abse~ute r~ght to sa:d N,ORiGAGEE, a~~d w.~S:out ieference `o ti~e -
adequaty w inadequacy of the value of the property mo~~gaged or to ~he so:ve~cy or ~~uu~venty of sa~d MORIGAGOR or :h~ defe~~dams, a~d ~h,t such
renrs, profits, income, issues and rovcnues shall be app{~ed by such Receiver accord~ng to the lien or equ~tf of s~~d MORTGAGEE and the pract~ce of s~ch
Court.
8_ To dufy, promptfy and fully perform, disch~~ge, execute, efFect, complerc, canpiy w~rh and abide by each and every the st~puiaiions, a~reements,
condit'rons and covenants ~n sa~d p~om~ssory note and this mor~ga9e set 1wth.
9. That in the event the ownership of the mortgaged prem~ses, or any part thereot, Lecomes vest~d in a person other than the MORTGAGOR, the
M110RTGAGEE, its s~cce~sors and ass~gn~, may, withovt notlce to the 1dORTGAOR, deai w~th svch succeasor o. s~ccessor ~n in~erest with referer.ce 1o tni~
mo~lgage and the debt hereby srcured i~ the aame manner as with Mortgagor w~thout in any way vit:ating or d~schaeg~~g tht 1Jlortgagors' tia6ddy herr
under or upon the debt hereby sewred No sa~e of ti;e Frem~ses hereby mortgagrd a^d ~o forEea~an~e o~ the part ot t>,e ?AORiGAGEE cr its succezso~s
or nuiqns and no exters+on of the timr fo. the paymem of tne deb' he~eby secwed given by the "AOR?v4GEE or its wtcessors or ass.gns, al.all operate
ro release, d~scharge, modify change or affect the oreg~na! liab:t~ry of the MORTGAGOR here~n, ather ~n v.i:ole or ~n pa~?.
lV. ia spec~ficalty a~reed ~hat time is oF the essence of ~his contract and that no waiver oF any ob'~ga!~on he~eunder w of the ob:igation x-
cured heteby shalf at any time thereafrer be held to be a araiver of !he terms hereof w of the instrument srw~ed herby.
11. In add.tic•~ to the forego ng n~onth!y paymems o! pnnc pa~ and ~nterest req~~~ed b~ the prom ssOty nv.. s~-~red her._~by, mortg~3~r [ovenants
3ed agrees ~o pay ro n,o~tgagee ~n~th each monthly pay~nent an add~~ional sum esn~:area bi n:orryagee to be ey..a~ to 1 12 oi the an,ua! cost o4 the tuliox-
.
A-All real properry taxrs levied or assess_d dJii'~51 +~c auove desc~~'~:d r•_a! es!a~e.
~ B-Vremr~•ns on Gre ar~d w~ndstorm ~nsurarce as herem req~~red to be ca+ned e~ tne ~~r+::re~+eme~ts s~.t~ate on th.: abcve dtsc~:bed prem~ses.
i
C-Pre:^•iums on such mertg~ge guaranty ~r,w~a~ce as mo~tgaqee shaif iro•r tn~r to t~~o~ der.m fi+ to carry o~ t~e loan sec~:ed hereb/.
Mo+tgagee sFa~i jrom t~=ne to ~:a~e :~otify mertgagcr in wr;t~~g of the ar, o;.~-~t d~c and payab;e hereu~dzr and wch surn shait th~•reupon be due a~d
; ayable on the due date of the nr.t monthty payment and each suctessive -*~o^th !nereaf~;r ucn' mcrtgagee shalt no~:ty mo~tga3or ot a change ~n such
~ a~~:ouni_ Such sums sFa'i be aNp!ieJ by mortgager toward the paym.ent of reat prc~.e~t f tanes, insurorxe prr-r u:ns, a:~d mortyage gua~anty insurance
;>rerniums.
~ IN Y~IiNESS VJHEREOF, the said MORTGAGOR has hereunto set his h~r,d and seif the day and year rs~ afo-esa:d. ~
~ ' ipned Sqaled a.~d 'iver in the presence ol:
~ j y"~~ ' ' ~l~ea~?
~ i(~. ~C~'+ ~ n S. Cemer _txai~
f tsea~)
` _ arlotte A.Cemer, his wife ~~a~~
S:ATE OF FLORIDA ~
u.
couNrY oF ___St. Luc ie 1
Befae me perwnjlly appeared John Cemer e„a
Charlotte A. C@ID6r _ h~s wE!e, to me well k~own and kno me to be
`K4.19,,,.
the individuals descnbed in and who executed the foregoing instrument, snd acknowledged before me that they exec~ted the ss{na~''for the pLtppses
iherein expressed. And the sa~d_ ~~IZ(1ILE' A CPmer ~
r~lfe of the said _ .TOt1II Cemer uROn . r t~ ~~9 a~_
e=am~n~tion by me ta4en separate and apa.t from her said husband, acknowiedged to and before me that she executed said initnrdrni l4M" :
ra~ily and w:thout any comp~tsion, constraiM, apprehens~on, or tear of w from her said husband. _ ~
WITNESS my hand and offiual seal thfi day of January , A.• D. l9
78 "
~ ' - " ~/bjpt~ ~ -
Notary P~b!ic i~~and_ ior th~ State of Flq +da,~t,4a~$e~, '
~ My Comm~ssion expires: L~ y,~; 1•
Rerv~n To:
~ •
~
~ First Federal Savin~s 3 loan Assotianon ~i ; ; _ _ . : . . , ~ ~ ~ ~
~ Of FOH P:erce. . - . . . , : . . : r...
i.' .
Furt Pierce, Florida ~
~ ~
~ i LEO AND RECOROED , 9
~ S~.LHCIE CdUNTY fll~
This Instrument Prepared By 1Dhn W. Collins;ch ROCER POfTRAS
First Federal Savings & loan Associal~on ClERK CIRCUIT COU
~ of Fort Pierce - • ' ~ ~ v~R+FiEO .~p~~
~ Fort Pierc Florida 33450 V`~
J~N tl 3 2o PH'78
~ ~`hecked By _ -
~ ~
~ ~ ~ ~ ,j / ~3 ,~{t~ r~ :
~
~
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