HomeMy WebLinkAbout0045 3. To p~ace and continuou~ly keep ai ~t~ bu~:J~ngs now or Aareafier •~tuate or sa~d ~and and cn e~. ~~~ani anJ {+ersona;iy cJ:~~id 6y t~:~i mnrsg-
egs, wilh all premiumf Ihrreon pa~d ui (ull, tire ins~rance in the utwl smndard po'.~cy (o~m, in s~um oFpr~.ad b~ tn,: /dGk~v:.t~EE, ~i~d .v~•~dsw~m
,nsuranc~ in the utiwi s~anderd pol~cy fwm, in a sum app~u~ed by ~he MJRiGAGEE, in iuch ca+~p~~~y o~ co ~~ps~~ ri es iha b10R1~AG:E may
d~rrct; and all firo •nd wmdsrorm insurar,te pol~c~et on any ot smd tw~ld.ngs. any iMeresl thnr~-:n or peit Ihcreuf, ~n the ag9:oya~r w~n •~v~r+~',d or
in excess ~hereoi, shall conrain ~he uwal s~an~lard mor~gagee uauss or such aher c~auss Ihs Mo~~yayte may r~:~~.r~, maMu~g ~ne ~css v~Jrr u,J por~
caes, each snd every, paYabte w taid MORTGAGEE +i ~~s imereft may ~ppea~, a~d each and e.~ery sucA po~~cy ~hait be prun ~;e~y ais g-:rd e«d de~~•~~r~ ~o
any held by sa~d MORIGAGEE as (urther security ~o said mwtgege debt, and, not less than ~en (101 doys in ad~~nce oS the ex~,:ra+~on ot each yoi~cy, ~o de-
„ver to ~aid MORTGAGEE a rtnewal thereof, togethe~ whh a tece~pt fo~ Ihe prem~vm o~ svch renr,wa'; a:.d there ef,aii be r•o Lre o~ w~~•Ji~~•~n ir.wran:e
placed on sny ol said budd~ngs, any iNeresl ~here~n w part lhereof, unleas in ihe form and wi+h ihe ~osi pay..b'e u ~fc.esa~d; and ~n ?he eYE~» any s„m
of money becomes payable unde~ such policy o~ potccies seid MORTGAGEE s~alt have the option ~o rece~ve .~~~5 ~pN~y sa~~~e un acco~.v o( N~e u~decr~d-
neu secured here~y a to pe~~nit ~a~d MORTGAGORS to receive and use if or any part ihercof, io. c:~.r _s..i ~~~-..r ~r
~n~ any equity, lien w right undcr w by virwe o1 this mot'gage; and in 1M evem sa d MORfGAGORS sh.~!I tw any reaso~ fad to kcep the aa.d prem~us so
insvred, O~ ~ail to de~iver pranptly any of sa~d polKies o1 insurante to sa~d h10RTGAGEE, or fa+t proroptiy to pay fu:iy aoy ive n thercfor or ~n a~~y
re~p~ct lail to pe~Form, dixhd~ge, eaec~te, ef(ect, canplete, comply with and ab~da by thls covenarit, u. eny ~,.+rt hareo4, s.~~d Il.vRi;,-~GEE moy ~c•~ ~ o
pay for iuch insurance w any part tAareoF wi~hout waiviny or affecting any optlon, 'lien, eyu~~y, or r~yM ~ndar or by v~~rue of :h~i ~1o~~gaye, and the
f~;l amouM o( eacA and_ e.ery wch paymem sM11 be immediately due and payable and sha11 bear inte~cst fro~n ~he dare the~rof un~~l pa~d ar ~iie ra~e ol
n~~~e pe~ cero~m pe~ annum and to~elher v,•ith such inrerest shail tx secured by the lien of this mongage.
J. To permit, commit w iulfer no waste, impairmeM w detcr~orption of said proFerty or any par~ Ihereof.
5. To pay all and singular the costs, charges and e:penses, including ~ reasonable a~~orney's {ee and cest~ of ai:•stracts o( tiHe, incurred or pa~d at
any time by sa~d MORiGAGEE, because or in the evem of the failure on the part of the aa~d MORiGAGUR !o du1y, pro~~•pt~y a:~d f.,~ly p~rform, d~scherge
_~_c~re, elfeu, canptere, canply w~th and ab.de by sach and every the st~pulenons, agreemeMS, cond~tron~. and coven.,nts of sa+d p:o n~;sory ~ofe a+~d ihh
,,orrgage any or either, and sald costs, chargei and expense~, each and every, shall be immed~ately due and payabie; v~he~her or not fhrre be ~o~~ce d~
mand, atflmpt f0 Co11tCt w wit pending; and the full ar.~ount of each and eve~y such payment shall bea~ ~nterest from ~h• date tne~eol un~i1 pa~d at t?,e
~e o~ nine per centu:n pre ennu:n; and a!I sa~d costs, charges and expenses incurred or paid, toyether w,fh s:,ch ~nterrit, sha11 tx secured by the I~en of th~s
mertgag~. '
6. That (a) in the event of any Lreach of lhis Mwtgage or defavll on the part of the MORTGAGCR, or ;b) in the event any of sa d su:*+s of monry
Ferein referred to be not p~omptly and fuily pa~d withm thu~y (30) days next airer the same se+era::y beto ne d,,e a~~d payati:e, w~ihout de~nand or nonce.
~r ;c) in the event eech and every Ihe stip~lations, egreememi, condtions and covenants of sa d promiascry notr and th:s mortgage any or e~ther are no~
iv!y, prampNy and f~ily per(ormed, d:sche~ged, eaecuted, effeded, completed, compi~ed w~~h and ab~dad Sy. then in e~ther w any such evem the sa.d ag
gn_gare wm mentioned in se~d promiasory note then remaining unpaid, with interest accrued, and a~l mo~~eys secured hereby, shatl become due an~ pay~
at: a forthwith, or thereafrer, at the op~~on of sa,d h10RTGAGEE, as fully and compte~oty as i1 all of thr sa+d sums of money were o~.ginaily s~~p~taf~d
~o be pa~d on such d.:y, anything in sa.d prom~sawy note or in this Morigage to the contra~y notw~shstand~~:g; and thereupon or ~herealte. a+ ~he opt,o:. of
s~ ci h10RTGAGEE, w~theut notice o~ de~nand, suit at law or in eq~ity, therefore w thereafter begun, may be prosecuted as ~f all moneya secuted hereb~
n~ci matutcd pt~w to ~ts inatit~ho~. _
7. ihat in ti~e event that a~ the beginn;ng of or at any time pend~ng any su~t ~pon ~h~s Alo~tgage, or to fweclcse it, or to reform it, or to enfcrce
~~..~ment of any c~a~ms here~nder, sa~d MORTGAG.E shaii apply to +he Co~rt having ~ur~sd.t:~on ~horeo' tor ~he appo:r~nnenr of s Rece~ver, such Cour1 sha:l
?!:hl~h sppoint a rece~~er of said mortgaged property all and singvfar, includ~ng aii and s~ng~lar ~he ~nco+»e, p~of~rs, ~ti:ues acd revN:~es-f~cm wh,ir+er
s; rce derived, each a~d every oi wh~ch, i~ being express~y undenfood, is hereuy mortgayed as ~f spec.hcaCy iet forth a~d dzscribed in the gran~~ng a~:d
h a!~endum dauses hereof, and such Receiver sh.:~~ heve a11 th._ broad and effective funcr.ons and powers m anyx,~e entrusred by a Co:,.t to a Recei~er, a~d
appoiMment ahail 5e made by such Court as an admitted equity a~d a maiter. of absoiure r:gM tu s~id h10R1GtiGEE, and vtdohcu~ refc~t:ue to the
e i;~ti,,acy or inadequa;y of the vatue of the prope~ty morlgaged or to ~he so.venty or :n;W+enty of sa~d f1.ORiGAGOR cx the de'c~dar•!s, ar.d !h,;t s~ch
,~s, proiits, incane, issues ar.d revrnues shail be app~~ed by such Reteive~ accord~n~ to the lien or equ~ty uf sa:d MORiGAGEE and the precnce of auch
~~tiff. -
8. To duSy, promprty and ful~y perform, discha~ge, execute, effect, complete, comply w~~h and at,ide by each and e5ery the stipularions, agree:nenfs,
:;^d.t'ons and covenar.ts ~n sa~d promissory note and this mortgage srt forth. -
9_ That in the event the ownership of the mort~aged prem~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
!,'~2TGAGEE, its svccessors ard ass~gns, may, witho~t notice to the MORTGAOR, deal w~~h wch sutcessw or succeasw in ~nterest wi~h reference to th~a
:-sgage and the d_•b~ hereby secured i~ the same mannrr as with ldortgagor w~thout in any way vitiati~g or d~scharging the fdortgagors' liabiiify here-
or upo~ the de~r hereb~ sec~~ed. No sa~e of tl~e Fremisea F.e~eby mortgaged and no fo~lxarance on the pa•f of tne t1!ORiGAGEE o* irs a::ccessors
c ass-~ns and ~o c,.re~~s~on of rhe time !or rhe paymen~ of ~he debt h~reby secured g~vrn by tF~e MORTGAG:E or its tu:cessors or ass gns, s~~nil operott
c re eaie, d~scharge, m~id~fy chanye or effect fhe orig.nai liaoihty o4 the MORTGAGOR herrin, eifher in who!e or in part.
10. It is speciiically agreed that time is of the ensence of this contract and that no waiver ol any ob~:9at~on hereunder or of the ob!~gation so-
c~red hereby shals at any time thereaher be hetd to be a warver of the terms hereof or o( the insuument secured herby.
I1. In aad,t:cn to the forego.~9 mo~th!y payments of princ'pal and i~:terest requ~red by tl:e prom,ssc~y r~ore scc~red her~bt, mortgagor coven;nts
~ ea~res to pay to m.c-~3agee ~nith each monthty pa~i~:ent an add~rionai sum est~mated b/ moitg~gee to be eq~al to 1'12 of ti.~ onr.Ual cost of the follow-
A-AIi reai Yrcpe..ty tax_z lened or ass>sced agal•iss thc above desvibtd rea! es~are. _
6-PrL~:~ums en i~re and viu:dstxm ~r.surarte as nerein •eq~:red to be carri~d on the :mprovemems S.tU31C on t:.z a}w•.e d_sv~bed prem~ses.
C-Premiums on such m.o•tgage guaranty irswbr.ce as mortgagee shail from. t me ~o r~nc deem fit to car•y on ~ne loan sec~:ed heree~.
t,!prlgagee sha`4 'rom time to time notify mortgagor in wnt~ng of the aTOVnt due and payabie he+eunder a~:d sucfi su~n shal{ ihereupon be due ar.d
..:i;'e on the dve date of the ~ext mo:~thiy payment and each successive mornh tnereairer vr.ti~ mcrtgagee sha!I nor;fy mo•rgagcr of a cF.ange in such
k ;nt. $uch sums sha'f 4x app!ied by mo~tgagee toward the payment of real properrr taaes. insvraxe prem.ums, a~id matgage guaranty inwrance
~ uTS.
~ tN Yi1TNESS V/NERiOF, the said MORTGAGOR has hereunto set his har,d and seal the day a~d year first aforesa
I
~ Signed, Sealed ar.d deiivered in the presence of: ~
~ FILED AND REGOPOEC ~7~~
i - SL~uC~E COUNTY F~A- Ma ie D. ~ Donohoe
(Sea~)
r" RGCEa ?Q1T~A5
~ - : c:~c C:~ CUI? C~1 7~ ~ ~ • L~~Seap
~ - ~ ~F.`' th M Do Oh0 .
_ _ . . • t5eap
' y'~ ` --:~y~+ `/i
_ ~-E ~F fIORIDA ~ M!~ ~3 2 as PM 1~ : ,J ~ , .
St. Lucie "s9- - _0'~ °1~~
. ~~;rv oF ~ ~3 ; .
- _ n , .
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Before me perwna:iy appeared - Mdli~e Donohoe v'~.~ and
Judi th M Donohoe ~ ' f -
' ~ his wife, to cn~ welL kM1~?y ~nd knovkr~ to' to be
ind;vid~als descr;cnd m a~d who executed the fuegoing instrume~t, and acknow~edged befwe me thaf t~ey=1~~~ 1Ka..~~,fd~'t6e~urposes
•c n expressed. And tne sd~a_- Judith M. Donohoe ~~i' r"• ` ~
Donohoe '
. cf the sa~d - Mdll~@_~. - ~~~'-~0~~~~ and P~ivate
nar;oo by me tai.en separite and apart lrom her said husband, acKnowledged to and before me that she executed sqi~4t~~~N~eety ahd voluo-
~ , ~ and w:thout any corr.pu~sion, constraint, epprehens~on, a fear of or from her said husband. '
Y~ITNESS my hand ar.d oEf:ual seal this 22nd day of March a i978
.
Notar P~'" in and (or the State af florida at large
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My Commas~on exp~+ea:
Ret~rn io~
a^i ~;rst fede~al Sa~ings 3 loan Associatlon i1~
p~~~c, sace oti ~ ~ t98o
~ C~ Fort P.crc?. ~iry .
~ Fu~t P:-•: ce. Fto: ~dj ~~y ~0:1iTGifS1:1 ~L" ; CeMM~
t - ir.ab~ t~ Arr.ca~
~
This Instrument Prepared By Gaiy F. EllvvOOd
~ .
~ r;t Federal Savings 8~ Loan Association
~ of Fort Pierce
~ Fort Pierce, Flo: ida 33450 ~
~ ::-.Ed By - a°aex~~4 f~,~c= ~5
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i5~s'~ ~ s «...y..x . ~ .