Loading...
HomeMy WebLinkAbout2706 To plaq and continuarsly keep on tM buildings now or hereafter sitwte or saidJard and on all equipment and personally covered by this mall. ape, witA all premiums thereon paid in full, lire insurance in the usual standard policy lam, in • sum approved by tM MORTGAGEE, and wirtdatorrtt Mrswartq in tM uwal standard policy fare, in • sum approved by tM MORTGAGEE, in such company a companies as tM MORTGAGEE rssey. dirKt; and aU fire end windstorm insuranq policies on any of said buildings, any G?terest therein a part thtreo(, in tM aggregate wm afaeNid a M exgss thereof, sMll contain rM uswl standard mortgagee louse a such orhsr clavN as tM Mortgagee may require, making tM toss under sad pd} des, cads and very, p.yabw ro said MORTGAGEE as i» interest nsaY appear, end each and awry suds policy sMll M promptly ass.gned and delivered b arty Mb by wW MORTGAGEE a further secwiry ro said mortgage debt. and, nor less than ten (10) days b advanq of tM expiration of each policy. ro dt . liver b said MORTGAGEE • renewal thereol, togetMr with a regipt fa tM pemivm of such renewal] and thue sMll be no fin a windstorm inauta plagd on any of Nb buildings, «ty InrNNt thuein a part thereof, unless In tM form and with IM loss payable as aforesaid; and in tM event any syjp. of nsortey bsgmss payable under such policy a policies said MORTGAGEE atoll Mw rM option ro rKetw and apply tM same on account of tM trsdebttttf+R recess aecwed Mreby or b permit said MORTGAGORS ro requree and vw It a any part thereof (a other purposes, without thr~aby waiving a unp+ir- inp •ny puny, liar a right under a by virtw of this mortgagee and in tM event wid MORTGAGORS atoll fa .ray mason fail ro keep tM aid premiss ao M+wrd, a fall b deliver promptly any of said policies of insurance ro said MORTGAGEE, a fail promptly fo pay fully any premium therefor a in any respKt }all b perform, discharge, execute, effect, complete, comply witA and abide by this covenant, or any part Issreof, said MORTGAGEE may plaq and pay fa such Inwranq a any part thereof whhout waiving a affecting any optan, INn, etluiry, a right under a by virtw of this Mortgage. and tM full ansovnt of each and every suds payment shall be irwtrediarely dw and payable and sMll bear interest from tM date tMreof until paid at ttte ra» of nine pN tentum per annum end together with wch interest atoll be aKUrad by tM lien Of this mortgage. To permit, commit a wffer ra waste, 4npaament a deterioration of said property or any part thereof. S. To pay all and sksgsrlu -tM costs, charges end expenws, including • reasonable attorrsey'a fee and costs of abstracts of title, incurred a paid at any Nnre by said MORTGAGEE, begvae a in tM event of tM failwe on tM part of tM ukl MORTGAGOR b duly, promptly and fully perform, disdsarge. execute, effect, complete, comply with and abide by each and wary tM stipulationq agreemen», easditiara, and gwn•nts of said promissory note and this mortgage any a either, and said tortes, charges and expenses, each and awry, stsall be Gnrrrediately dw and payable; wMther a not tMre be norke d? mend, attempt ro collect a suit pending; and tM full amount of each end wary such p+Ymem atoll bear interest from tM date thereof until paid at tM rate of rune per centum pa annum; and all said cos», charges and expenses incurred a paid, togeths? with such intsresl, atoll M secured by tM lien of this nartgage, • 6. TMt (a) in tM event of .ray breach of this Mortgage a default on tM put of tM MORTGAGOR, a (b) in tM event any of said auras of nanny herein refurad to be not promptly and fully paid within thirty (30) days next after tM same severally bKOme dw and payable, without demand a notice, or (d M fM event each ud every tM stipulations, agreements, to~tiau and cownsn» of said promissory note end this mortgage any a either are nol iuly, promptly and fully performed, discharged, executed, effected. completed, complied with and abided by, ttsen in ether a any such event tM said age pregab aura mentioMd in Hid promissory note then remaining unpaid, with interest Kuued, arsd all moneys secvrad Mreby, shall bKOme dw and pry able forthwith. a thereaher, at tM option of said MORTGAGEE, u fully and completely as if all of else said sums of money were originally stipulated to be paid on such day, ar?ythirg in said promissory note a in this Mortgage to tM contrary notwithstanding; and therwpon or thersaher at tM option of said MORTGAGEE, withow novice a demand, wit at law a in equity, therefore or thereafter begun, may be prosecuted u if all mon.ys secwed hereby had matwed prig to i» institution. 7. That in tM went that at tM beginning of a at •ny time pending any wit upon this Mortgage, a ro foreclose tt, a ro roform it, or ro enforq payment of any daims Mrsunder, acid MORTGAGEE shall apply to tM Court Mving iurisdiuion thereof for tM appantment of • Receiver, such Court atoll forthwith appoint • receiver of said mortgaged property all and singular, including all and airgulu tM income, profi», issues and rewnws from wMgve? ~sourq derived, cads and awry of which, it being expressly undtratood, is Mreby mortgaged as if specifically set forth and destribed in tM granting and habendwn clauses hueof, and such Receiver atoll Mw all tM brad and effective funcrwns and powers In anywise entrusted by a Cart ro a Regiwr, and ouch appointment shall be made by such Court as an admitted equity and • matter of absolute right ro said MORTGAGEE, and without refererxe- ro tM adpuary a Inadegwcy of tM wive of tM proFury mortgaged a to rM solvency a inwlvtncy of said MORTGAGOR a tM defend•nfs, end that such ten», profits, Irscorrre, taatsas and rwenws shall be applied by such RKeiver attOrdirrg ro tM lien or pviry of said MORTGAGEE end tM practice of ouch Cant. a To duty, promptly arwf fully perform, diuharge, execute, effect, complete, comply with and abide by each and every tM atlpul•tiora„ preenters», condltiorN end covenan» N said promissory note and Chia mortgage set forth. 9. That In tM went tM ownership of tM mortgaged premises, a any part thereof, beconrea vested In a person otMr tMn'tM MORTGAGOR, tM MORTGAGEE, 1» successors and assigrn, may, without ratite ro tM MORTGAOR, deal with such successor a ease»or in interest with referenq ro this nsatgage and tM dent Mreby seauad m tM same manna as with Mortgagor without in any way vitiarirrg a discharging tM Mortgagors' Itfbiiiry !sere- under a~pon tM debt hereby secured. No sale of tM premises Mreby mortgaged and no fabearanq en tM put of tM MORTGAGEE or 1» svccssson a asstprta and no extendon of tM time fa tM payment of tM dent Mreby sKwed given by tM MORTGAGEE a i» sucgsaon a eaaigrta, atoll operab b release, d;edspgo, nsodify dsanpe a affect tM spinal liability of tM MORTGAGOR Mrein, either in whole a h part. 10. h N apecifkally greed that time a of tM essence of thb cauract and that no waiver of any obligation herewsder o1 of tM obllgaNon sr cured Mreby stop at any time tlwreaher bt Mld to be • waiver of tM fetters Iwreof a of tM Instrument aeaued herby. /1. In addition to tM fapoirg monthly payments of print-pal and intuest required by tM promiuory rare secured hereby, mortgagor cownan» and grace ro pay ro mortgagee with each monthly payment an additional sum estimated by mortgagee ro I» equal ro 1/12 of tM snnwl cat of tM fol{ovv- lrtg: A-All real property taxes levied or assessed against the above described real estate. 6-Pramiuma on fire and windstorm insunnu as huein required to be carried on tM improvemenn situate on tM above desuibed premises. - C-Premiums on such mortgage guaranty insurance n mortgagee shall from time to time deem fit to cury on tM loan secured busby, Mortgagee shall from time to time notify mortgagor in writing of tM amount due and payable Mreunder and such wm sMll thereupon be dw end payable on tM dw date of the next monthly payment and each successive month tMrcaher until mortgagee shall notify mortgagor of • change in such amount. Such wma shall be applied by mortgagee toward tM payment of real property taxes, iruuranq premiums, and mortgage guaranty iruurartq premirrrm. IN WITNESS ER , tM aai MORTGAGOR has M.wnto set hies Mnd ud seal tM day and yea lint aforesa - j Ilbrad tM preaertce _ of: ~ n Charles 0'Do van n ~ t - n i STATE OF fIORIDA t ~ ST. LUC I E 1} ~ defae rare ptxsorsslly appeared CHART FS R _ n ~ nnNnVAN .red KATHFRiNF n' IInNnVAN hies wife, ro me vwD known and known b me ro be € tM Irtdlvlduais dasaibed M and veto exKVted tM fa.~ Instrument and adutowledgsd before me that tMy executed tM same for else purpaes M,...tn ettpreased. And tM aa,a - KATHERINE O'DON6VAN ~ wits of tM arid CHARLES -R. 0' DONOVAN € ,epos . s.p.?•te end prlvab examination bIr me taken separate and apart from tsar said husband, acknowledged b and before rtte that ant exatuted said irotrumeM fieely end voh;tt• 9 testily end withov/ any connpulafon, constraint, appreMmion, a feat of a from her said lwaband. wiTNESS my Mrd .red offwd seal thl~ ~ r dry of MAY A. p. 19 79 ary Pvblk M and fa flea of Fbrlda et large Return Tor MY ~^v^M~n explrwr Fkst Federd Swings i lose Aaaoctarion 'l.tary Pubhcc, State of Florida at large - of Fors Pierq. :ly Comtsission Expires March 27, 1982 Fort PN?q, Florida a..a.s ar w=e..c.. rrs S Ca,rahr lwayary This Instrurxtent Prepared By Richard K. Keyes ~~~s - First Federal Sevirt~s b Loren Association of Fort Pierce x Fort Pierce, Florida 33450 1979 I~AY 16 PM ~ 09 - = Checked B f~`E ,+IfO RICO~~ U ~ p y - ~ - S R ~ER POtTRAS A. CIERK CIRCUIT C T RECORD YERIfIEO_-~~ ~ O~R~ : ~s . , , ~~~..308 ~t..2 F . '