HomeMy WebLinkAbout0043 To plate a~d co~tinuously keep on thr tx:~'d~ngs now or hereafter f~wate or sa~d ~anJ and v~ a:; ~q~~~.,nrm and personeily Covr~rd Ly ~~~~t ~.~~~~g.
ega. with ~II premiums ~hrrcon pa~d in (~l1, Ine ~nsu~ente in tbc uswl sfanderd pol~cy lo~m. in • f.,ns aHNwred b~ !t~a A1"vRiu:.vEE. a~~d +~~~:Js!~'~n
~nwrant~ in tiy~ usuat i+anda~d poi•cy form, in a a~m approred by the MORiGAGEE, in fuch c~~n~,ary o~ to~•~F:a~~•es et ~he MOR~I.AG:E msy
d~reU; ~nd all firs and w+nJs~orm ~n~u~ante po~~t~et on any 8f fs~d bwld~nys, any ~~lernst inr~t~n or {~a~t ti,_~ev(, in ttx ag~r:•garr aum alorzae~d or
in exc~u the~eof, shall con+e~n ~he usual ~~ert~er~J nior~gsgee ctause o~ wch o~ha~ dause as the MO~tyeyee may rry~~rs, R~o:~~~g ~tK ~css ~~dr~ s~:J po6•
ues, each and every, paieb~e to iaid A~ORiGAGEE as ~ts in~errs? may appear, ~nd each and.e~ery auch po'~c~ sh,u tx p~ompny assg~~ed a~d de•~.~rrd ~o
eny heW by satd MORIGAGEE i~ funher ~ecurity to asid n,a~y+ge debt, and, not less than ten UO) da~s in ad.~~',cr of ~he exp~rencx~ ol each po~~cY. to dr
l~.er to taid MORfGAGEE a renewal thereo(, toqe~hm with • fKE~P) ~O! tAe p~emium o( such ~ene~a'; and ~heie ihall be ~ro f.re ur .v~•~OS~GH1 ~nwrence
p(eced on any of said buitd~ngs, any in~erest theie~n w pari thareof, unless in ~he fo~m and wnh th4 loas payab~e as afc.~es~~d; and in the e.enl a~~y svm
of money betomes payable under such poliq ot policies said MORTGAGEE shall have the opt~on to rrca~ve .~nd a{~ply ~he aarne on acco~~N o( the indti~trd
nzsi aetured heraby w ro ytrmit said MORTGAGORS to receive and we il a any F~art rt~a:~•ef iur u:~~ + PL1~ SCS. Ci.II.'~'..T ri~:-~,•, ~7 0~ ~~.c:..:•.
In~ any equity, Iien a righi under w by virtw of this mo:tg~ge; ~nd in the evenf fa~d MORiGAGORS shail fw any rea!o~ {a~l to keep ehe sa~d p~em~srs so
~nsv~ed,~ la~l to delive~ prwnptly any of sait~ pobties OI inswa~ue to •aid MORTGAGEE, or (o~l promptly fo pay !~!ty any p~e~~~~.~n therclo~ or irt ahy
~espe:t fail fo perform, d~scherge, aaecute, eHec~, complete, comply wiih end ab~de by th~s cove~ont, o~ any pert hereol, s~.d MGRi~ AGEE m~y p~ace a.a
~i; fw auch insurance or any part rhereof without waiving or a(fati~g any opl~on. lie~, eqw~y, or righr undc. or by• v~+fue ot `ti~is htc~tgege, and i1~c
!~.!i amounl of each and e.ery such paymrro shall be immediately due and payabie and shall bea. ~nterrst f.om ~ha date ihcrcol uunl F:,.~d at ~he rste ol
~,~e pet cenrum per annum and to~rther with tuch ~nterest shali be _cured by the lien of thi~ mortgage.
1. To permit, commit or suf(er no waste, unpe~rment w deterio?ation of said property or any part thereof.
S. To pay ail and aiogular ~F,e costs, charges and expenses, including a reasonabk 3norney's iee and cesrs of abet~acts of title, inwr.ed o~ pa~d a~ -
a~~y tlme by sa~d MORiGAC~EE, beca~se a in ehe evc~t of ~he failurQ o~ the part of the said MORiGAGOR to d~ly, pro~~~ptly a~~d fwly parform, d~scha.ge.
,:.c~te, effed, canplete, compty w~th and ab.de by each end every the s~ipviet~ona, agreemenb, condinons, and coven~nts of aa~d pro:n~ssor~ oote ond i1:~~
~.:~~rgage any o~ a~her, aod sa~d coats, chaiges and expenses, each and evc.y, shall be immed~atrly due and payab~e; wF.erher or no! ~hzre 6e no+~ce d~-
n~3~id, attempt to to:tect or suit pend~n9; and the full amou~t of each and every suth paymem shaN tea~ in:erest from ihe date fhereof untel pa~d a~ tl~e
o~ nine per cemv~» p~~ a~uwn; and all ssid cost~, charges and eapeoses ~ncurred or paid, ~ogether w.th s~th ~ntereat, sLall be secured by the I:en of th.t
n,ertgage.
6. That (a) in the event of any breach of this Mwtgage or default on the part of the Iti'~ORTGAGOR, or ;b) +n the ev~nt eny of sa:d sums of money
herein referred ~o be not pranptly aixl fu~iy pa~d within th~rty (30) days newt aiter 1he same se.era::y becu~>>r due dnt~ pa~uV'e, withcut dumand or n~~~ce,
c+ in fhe event each and every the sup~lauons, ag~eements, condirions and covenanta of sa d p~omisscry no:e and th•s meM~age any or e~ther are not
i„.y, promptly and 1~ily perlormed, d~scfiargrd, executed, effetled, comp~eted, comp!Et-.~ w~~!: .~d ab~ded 5y, tf~en ~n e~ther or any such evem the sa.d ag
e;ate sum meroioned in sa~d promiuay no~e the~ rema~~ing unpaid, with irnerest acuued, and e~i moneys secured hereby, sha!! became due and pa~~
e fo~thwith, w thereaf~er, at ~he opr~on of sa:d MORTGAGEE. as fwly and completely as if alf of t!,r sald s~rt~s of money were or~g~na'.ly sr:p,..a~ed
re be pa~d on svch day, anything in sa:d prorr.[sw~y oore or in this Mortgage to the cw~~rary notw~thsta ~d~ng; and ehereupon or the~eaft~r at the op~•on uf
s~ d N.ORTCaAGEE, w~rho~t notice or demand, suu at law w in equ~tY, therefwe a thereat~er hegun, n:ay be prosecvted as ~f all nioneys src~~ed he~eb~
n.:J n,aTWCd pr~Of to ~1S inslAVt~p~. .
7_ Thai in ~he evenl that at ~he beginning of or at any time pend~ng any sult upon this Mortgage, or to iorec!cse it, or to reform it, or to enfo~ce
; ~.•rent of any cieims he~e~~:der, said M~RTGAGFE sha~l apply to the Gou~t having ~u~~sd~ct~on t}~ereot ior ~he .:ppomtment oi a Rece~ver, s~ch Court s!:a~l
tr~h.,,1~h appoim a rece7ver oF said mortyaged property ali and si~x~ular, inct~d:rg atf ard s~~~guiar t~~e ~nco~ne. Frof~!s, iswes and rever.ves from wh,fe.e+
se:~•ce de~~yed. each end every of wh~ch, it being expressly ~~dentood. is Fereby mortgaged as if spec~4ica~:y set furth and described in the g~anr~ng ar•d
ha:,endum cia~ses hereof, and such Recewer shall have ail tlr_ bruad and effeuive funu.ons .:nd po~en in ~nyw~se envusred by a Cou-t tn a Rec~:ver, a~.d
..;h appointment shatl t~e made by wch t.o::ct as an admitred eq~~ty and a matter of absoiu~e n~ht to su~d M:JRTGAGEE, and w~ri:cuf refrrecce to ti~e
n:~.;.,3cy or inadeguacy of the vatue of fhe p~operty mortgaged or to tF+e sovency or ~nso~vency oE sa:d MORSG~+GOR o~ the dcfenda-:ts, a~~d +h:i such
_~s profits, income, iss~es and reven~es shall be appt~ed by such Receiver accord~ng to the.l~en or rqvi!y of sa!d h~ORTGAGEE ar.d the pract~ce of s:,ch
Co~rt.
8. To dufy, promptly and fulfy perfo~m, d~scharge, execute, eifect, complete, compiy with and abide by t~ch ~nd every the stipuiatiors, agreements.
,;nd:r,ons and cove~anti m sa~d promissory note and rh;s mortgage xt forth.
9. That in the event the owne~ship of the mortgaged prcm~ses, or any part therecf, becomes vested in a person other than the MORTGAGOR, the
.•~RTGAGEE, its successon ar.d ass:gns, may, wi~hou~ ~orice to the htORTGAOR, deal w~th svch successo~ a~ wccessor +n intereat wi+h rejerence to tn~a
rqage and the d-_bt Fl@~2D~t sec~red in the same manner as wnh Mortgagor without Sn any way vit:ating or d~scharging Ihe.Mo?tgagori liability herr
__..r er u~on the debt hereb~ sec~red. No sale of the prem~ses hereby mortgaged ard no forbearance on ttie pan o~ the /+10R1GAGEE or irs s~ccessors :
• ~s:;~ns and no eue~slon of the nrne for the payme~r of the debt hereby secured g~ven by the 1~10RTGAGEE or iti successors or ass:qns, >;~all oyerate
ro re:ease, d:scharge, mod~fy char.ge or affect the ong~nal Iiab:Gty of the MORiGAGOR herein, either in whole or in part.
10. It is speufica6y agreed ~hat time is of th. easence of this contracr and that no waiver of any ott~gat:on hereunder or of the obi~gat~on se- -
c~ ed hereby shall at any time thereafter be heid fo be a wairet o~ the terms hereof ot o( the inatrument srcured he*uy_
I l. In add.f~o~ ~o the forFge ng moMh!y payments of princ pal and interest requ~red b~ the prom sscry nore s~c,red hereby, mortga~or eo~enar.is
: ag~ees to pay to m.orlgagee vvith each mon+hly payrnero an add~rfonal sum es!imated by mo~tgagee ro be eq~.al to 1,~ 12 of the amual cost oF the follow-
3 . ~
A-All real Froperty taxes le•ne,a, o+ assessed agar.st th~ above described real esta~e.
5-Fre~, ~:,~-rs on fire a•,d w~ndsro*m inw~acce as nere~n requ;red to be carr~ed on the ~m;,rove~nents s tvate on tha. above d~su~bed premues.
~-P~emiums on such ~^wt~,ge guaranty ins~rar,ce as mortgagee shaii from t m.e io t:me deem fn to carry o~ ~ne ~oan secured hereby.
hlortgagee sha~l f:c:n t~me to time notify mortgegar in writing of the ama~~t due and payable hereundr~ and s~ch svrn shail thereupon be due a~~d
,:i;'e on the due da!_- cf the next month:y payment and each sutcessive mo~th ihereafter ur.til mortgagee sfia11 not;ty mo•tgagor of a cF.ange in svch
_;rn_ Such su:ns sFa:l be app'ied by morrgagee toward the payment of real property taxes, ins~rance pren..urra, a~•d morigage guaranty insurar,ce
j . _ ~.JTS. .
E IN \•ATNE55 ::HER~Of, the sa;d MORTGAGOR has he+eunto set his hand and seal the day and ear frst aforesaid
" S~gned, Sealed and deEivered in the presence of:
s ANO RECOa~t~ ~d' r' Sea!)
~ - ~ fi~E~ Ty F~A L. Sc
~..tit• - st. ~~c~E c~u~ _cs~sn
t RO~f.R 90tjR?S
~ ' C? [FK i.i'vU1T CC! P (S-al)
~ ~"fl`' - • - r~ 1IV11IDa P• • }lOltZ ceat)
' • ,..:}:~~i.,
OF FLORIDA ~K~1 2 4sPM 1F . . ~•et•li~*' . "
= =.:tiTY F - _ St._Lucie ' •y~'-_:•
o Cid ar L. 5Ch01 t Z _ ~ ~ ~ 1 ~ . ~ ~S and
Befwe me personally apFeared 9 a N~~
_ ~11IDd P. Scho 1 t z his wife, to rrt! we~ known 4r~ k±awn't~'^~~ to be - .
,~ndividuals dex~ibed in and who executed the foregang instrument, and acknowtedged before me that the~ exetri/~j ~hs ~ins .(o~ ~ISd ~urposes
Ailma P Scholtz = ~ =
n ezpressed. And rhe said____ • 'i- a b-~ ~
_ c; the sa~d - Edaar L Scholtz b
i•~n~~~ '~ate~d p~~~ate -
nat~on by me ta~en separate and apert from her said husban d, ackrawf e dg e d to an d b e fore me t hat s h e exec~t e c f"~ j~~
f~rutrN~~~ e n
d vo l~n-
~ri _ i and w thout any com,.u~sion, constraint, apprehemion, w fear of o~ (rom her said husband. y~t~11lqN~+~~~~~` '78
WlTNE55 my hand and offic~al seal this__ 21St day or March A. D. 19
~ \
Notary b!ic~~
p{or the State o4 Florida at large
My Comm1lsi~w~expires:
Return To:
~ ~;rsl Fed?ral Savings a Loart Associat,on
~ Of ~o.r P ercF
~ Fcrt F:er,e. Fi•:r.da
~ - N~~ry p~ic, State ol A°nda~ 19~ ~~~~r _
~ MY ~~"~missu~ EtP?res 9 c,.v~
~ w.a.s e? w'..`"'" F.. s u.wr.
This Instrument Prepared By Gary F. EllwOOd
~
~ ~;r;t Federai Savings 8 Loan Association
~ of ~ort Fierce
Fort Pierce, Fiorida 33450
~ _ked BY - - ~ - B~R3~ ~V`2 ~a~E
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