Loading...
HomeMy WebLinkAbout1462 To plan and contMttrorrsly keg on tM buildings now or h«esh« sitwb or aid land and on all puipment and personally oov«ed by this n+ortg• eg~e, with all premiums tfrareon paid ill lull, fin inswance in rM vswl standard policy loan. iA • awn approved by tM MORTGAGEE, and windsterrw intranw ti tlae usual uarderd policy form In • wm approved by tM MORTGAGEE, in such oontpany or rrompaniea u IM MORTGAGEE Wray . dinctt and cep fln and windabrtertsrrartca policies on any o1 said buildwtpR, any Mtterest therein or part th«eof, in tM aggregate sum afareuid ar Y+ aaoasa tltareof, shall contain tM usual standard morpagse dauw a audt abet dauw as Ut• Mortgages may require. making the Ices undM sari po1E des, each ad every, payab4 b wid MORTGAGEE u its btertst n+.y sppw, and each and awry soda policy sMU a promptly assgned and delivered to any Itsld by wW MORTGAGEE M htrllta/ tsarity b acid mortgage debt. and, not less than fen (10) days M advance of tM aaplration of saris policy. b de- tlver braid MORTGAGEE • rerrwd Maeol, togstMr with • receipt for tlta pnmiwn of srrdt rarrwalt and th«s shall ba no fin or wirdstwm Mrwarw placed on any d said ba~ildlrtgs. atq fetsrstt therein err part tMeeoi, unlaw M tfte loon and with tM loss payable a aforeuidt and M the went arty sum of wroraay baoonw payable cedar such pniky a polida acid MORTGAGEE shall hew the option b naive and apply tM rants en aooara d tl+e Ytdebted- new seared Mreby at b parntit said MORTGAGORS to naive and vN B or any part tMred la. erMr pwposes, wirMw th«eb/ warvirg or r^Paw kq any puny, paw err right wrier at by virtw of tltia n+ortWgel and in the event Mid MORTGAGORS sMU !or any reason far? b keep the said prentisaa so Inarrad, « lap b depv« promptly any of said polidas of inwrana? b said MORTGAGEE, « fail promptly b pay fully any prsmwm thasfor a M any . reape0 faM b perlorrtr, dischage, esearts` effed, aorrtpMts~, comply with and abide by this covenant, or any part h«eot, wid MORTGAGEE may place and pay for atrcla Frtetranoe a any pat thanof without vwhrirtg or affspYq any optieey Ust4 puny. a right urdw err by vtrtw d this Mengag~ and tM lop amoarrtt of eadt std ««n orris p.ym.rtt .MU be immediately due .red payable and shall bear Itateretl trerw th. dat• thereof until paid at tM raN a ' r.Yta par cartturw per anwm and together wills autJa inNtMt atoll bs scarred by the Uett of this rtrortgags. L Te penwN, oorrttrtM or stellar tto wash, knpairrttartf err deterioration of acid property err any part tltasof. S. To pay cep and strtgular the costa„ dwgas and aap«tses, indud'u+g a reasonable attarnal/a fee and own of abstracts d title, marred or pad a any tYrta a acid MORTGAGEE. beoua. a h tM want of tM faikre an tM pat of the acid MORTGAGOR b duly. promptly end fully patorrra, drehargr~ aaeoirb, effect, oompAte, comply with and abide by each artd very tM stigdatia+a, preemants, eortditiortrr and aovsrtants of acid promissory nola and this eaortg.gq any or sitlra?. and said costs, dtrg~s and exgrws, each end avwy, atoll ba irruttediately due and payable= wMth« o? nor than ba ntrtiCe d? nand, stsartpt b eollecl err wit p«t6ngt and tlts full an+owst of each and awry such payment shall bee. ins«est hom tM date tMreof until pad t1 tM rata of nine per antum p« atr~s and all acid coats, d+arges and eapanses Lrcwred or paid. togetMr v.rith such MMemt, shall bs seared by tl+e liew of this mortgage. a ll+at W it tits want of any broach d this Mortgage or default an tM part of tM MORTGAGOR, a (b) in tM event any of said auras of rtwrteY Mein nfarrd a bs not pranptty and fully paid within thirty (JO) days neat ah« tM same uverally became due and payable. withow demand or notice. or (V h tM sorer each and very tM stipulation, agreements, cart~itiorts and oovanents of said promissory note and the ntorgage any or aith« en not July, promptly and fully parfartttad, d'udtarged, aaeated, affected, atrnpletad, cornptied with and abided Sy, then in eith« or ~egats seen nrarttiorid in said prombsory torts thm rarrtainirg unpaid, with ins«ast accrued, and all mores sacred h« a+t11 such want tM sad ag• ri eby, atoll beasrtra due and p.;r abN forthwith, a tftarsafhr, at tM option of aid MORTGAGEE, as fully and oorrtptetely as if all of tl+a wid sums of rtwrtey ware orginatly stiputared a ba paid on such day, anything in wid promissory note or in this Mortgage ro tM contrary notwithstanding: and thereupon or thereah« at the acid MORTGAGEE, withart notice a demand, suit at law or in equity, therefaa a th«eah« begun, ma bt ~ had matured prior ro its kratihrtior~ y prosecuted u if all moneys wowed hereby 7. TMt M tM veto that at tfre begirtnirg of or at any time pending arty wit upon this Mortgage, or a faedow it, or ro reform H, or ro enforce payment of any daims h«eurd«, said MORTGAGEE atoll apply to tM Court having lurisdidion thereof for tM appointmem of a Receiver, sleds Court shall fo.thwNh appoint • receiver of acid mortgagd property all and singula, including all and singular tM income, profits, karea and ?werwres from wMtwer wawa d«iwd, saris and awry of which, N being a:presaly understood. is Mreby mortgaged u if apecifiully set forth and desvibed in tM grant' and Mbendum dausas hereof. and soda Raaiv« atoll Mw all the lrosd and affective function and powers in anywise entrwted by • CouA b a Receiw~i, and aud+ apprfMttntentt atoll ba ntada by suds Court a an admitted equity and • matt« of abtdwa right b aid MORTGAGEE, and withow of«ena b tM adequacy or Mtadaquacy of tits rahre of tM property mortgaged or to tM sohency a insolvency of said MORTGAGOR or tlta defertdanta„ end that such rents. profits, Moorrts, isaws and revenws atoll be applied by ouch Receiver accordirp ro tM Ilan or puiry of acid MORTGAGEE and tM pradia of inch Court. f1. To duly, prornprly and fully perform, disclsargs, eaeMe, effect, ownpleta. comply with and abide by each and awry the stlpulationa, preemenh, condAion and covananh in sad promissory note and this mortgage set forth. 9. That M tlta avant tM ownership of tM mortgaged premises. or any psA thereof, becomes vested N a person other then ttta MORTGAGOR, tM MORTGAGEE, Its strccassors and reign, may, withow notice to tM MORTGAOR, deal with such auu:essor or successor :n irttereat with ref«erKe to this mortgage and the dabs hereby secwed in Ilta soma manner as with Mortgagor without In any way vitiar&g or discharging Ella Mortgagors' liability Mrr undw or upon tM debt hereby seared. No sale of tM premises Mreby mortgaged and no forbearance on 1M part of tM MORTGAGEE or fh suaesson or auign and no aatenabn of tl+e tMtts for tM payment of the debt Mreby secured given by tM MORTGAGEE or its suoasson or segos, atoll op«ate ro releaw, d'ucltarpa, modify charge or affect tM original liability of tM MORTGAGOR fterein, either in whole or h part. t0. It b specifically greed that tktra is of tM essence of this comrad and that no waiver of any obligation harsurd« a of tM obligation se- awed hereby atoll at any tlme th«eah« be MW ro be • waiv« of tM t«ma Mreof or of tM lrutrument secured herby, 11. In addition to tM foregoing mor?thy payments of princ'pd and interest required by tM promissory note secured hereby, mortgagor oowrtanh and preea'ro pay ro mortgagee with each monthly payment an addiriond sum estimated by mortgpee ro be pod b 1/12 of tM annual a~at of tM fdhaw- l^9= A-All reel property taxes Ivied or assessed against the above desuibed red estne. i f1-premiums on fin and windstorm inwranu as herein rpu:red to be carried an tM improvements situate on tM above dexribed premises. C--Premiums on such mortgage guaranty inawance as mortgagee shall from time to time deem fit to eery on tM loan secured h«eby. 'i Mortgages shall hom time to time notify mortgagor :n writing of tM amount due and payable hereunder and such wen sMll th«wpon be due and payable on tM rive date of the neat monthly payment and each aucceasive month thereafter until mortgagee ahdl notify mortgagor of a change in soda ~ amoum. Such soma shall ba applied by mortgagee towed tM payment of real property loses, insurance premiums, and mortgage gwragty MlSlranos ~ premiums. ~ Rp. ~ 1 _ IN WRNESS WHEREOF, tM said MORTGAGOR has h«wnto set his Mnd and seal tM ~ ~1a ~ slgn.d, s..l.e .rd dauv«d to tM B~ ERC~ ~NCi NG S R ~'S,. ©F ~T, presence of: Y I ~ r ~ _ x~d1 F lE0 ANC:. _ Lai r- - dot ;l~. LUCK A t. c~El.*. ~',,;;i~ Q can rye um n- STATE OF fT.OR10A l 4682U9 - , . courtly of St. Lucie ~ ~ 3 50 P~1 [Q t)~, r C' STATE OF FLORIDA COUNTY OF ST. IUCIE _ I HEREBY CERTIFY, That on this 30th day of November A. D. t9 79 before me personally appeared Kenneth J . Rea9r~n and Jean Marie Lumpki n , A respectively _ 'President and -~lEiwe~fi>~X Vice President , of Phoenix En_~rina SPrvirpc Uf Ft. Pierce Florida 9 _ - f a Corporation, to me known to be the persons described in and who ezecu~ed the foregoing instrument and severally acknowledged the e~ce- ti cation thereof to be their free act and deed as such officers for the uses and purposes therein mentioned; and that they affixed thereto the official seal of said corporation, and the said instrument is the act and deed of said corporation. t WITNESS my hand and official seal at Fort Pierce Fl nri~a_ ,said county and state. 3 This instrument prepared by First ~ ~ ~ Federal Savings and Loan Association Notary Public, in and for State a d County aforesaid. ~ of Fort Pierce, Florida. My Commission Expires: ~~j~~ - r • _ I.nCCKaO Oy 4 ..~...,R ' ~ r