HomeMy WebLinkAbout0126 3. To nlac~ rnd _a~tiruouily keep on the bui'd~n4s nuw or hereaf~e~ utua!a e•~ s.+iJ Irnd and on all~equipmenl and personally covered by ihit moUg~
age, w~i~h all `remifnu lhercon pa~d in tvll, fire insurantr ~n the wwt stt~~tiard k~h~y fu:m, in a sum approved bl rf~e A10RTGAGEE, a~~d .vind?tarm
. insvronce in th3 ~wal s~inda~d pol.ty form, fn a sun 3pj~roveti by t}~e ti\ORIGAGEE, in s~ch company or tomp~nies af 1hr MORiGArEE mjy s
direct; end all fira and w~ndstcrm insuronca poli;ies on any oi said twiid~n~s, any 'nter~~~ tiierein or pirt Ihereof, in ~tie sggreg~~e w~n a(oresaid c: ;
in exce3s Ib;~eoi, ~i~ail contain ihc usuz! tf~nda~d mor!gagee clauss or suth orf~e~ cliuse as Ihe hleitgrgee may requ~re, maAing the lou uri~rr ea~d poli• •
eies, each and e~eiy, payaL!e ~a said h1URiG>GEE a, ~ts interest mey aFpear, and each a~d ~v~ry wch paGcy xhjll br promptly as: gned arid dz~ivored to
any heid by sa~d htORTGAGEE as fur~her secur~ty to sa~J mortgage debt, and, ror IP~s than ren (IU) day~ in adva~xe o1 ~ha exNirat~on of aach poGcy, to de• •
(iver to s+~d h10RIGi2GEE a renewal Ihtreol, ~oge*her ~vith ~ reccipt tar ih: premium o( s~ch renexal; and ~ha:e shal! ba ~o tira or winds~orni insura~ce
plated on any oi said buildingf, any intareft thercin or n~~t tl:ereGf, ~nless in ihe fo~m a~sd wi:h ihe loss payab!e as ~foretaid; and i~i tl:e evenl any sum j
of money becomes payable under iuth eolicy o• policies 3eiJ MOFTGAG.E ~hall hava 1l~a opt~nn to rscive and apply tho samc on actount of ihe i~idetteJ- ~
. nes~ iecu~ed he~eny oi ~a permif »id MORTGAGORS fo recei:e and use it or any pa~r ih•:rcul for o;hcr pvr,.o:es, w~~hout iiurcb~ wai~~n3 cr ~~~~p,~r• F
ing any eq~~ty, fen or righl vndcr or by viitve o} this mo:s~aga; ar.~ in the avent sa~d ~140R1GAGQFS shall (ot any reason fail to keep ?he aaid ptemises so ~
in~ured, ot. (ail to de!iver promptty any af said pol~cies of insuronce ta said h10RTGAGEE, or fa+l ptemptiy to ~;ay fully any premium fharetat or in any , - ~
r~sped fail to perform, distharge, execute, eiiect, tompiet~, to~~ply wilh and ab~da by this covenant, or any pa~t hereof, iaid MORiGAGEE may place and
~ pey fo~ such Insurance or ~ny parl the~cof without viaiving ot alfetti~ any aption, lien, eau~ly, or rignt under or by virtue of this rdortgage, and the ~
(ull a~nount oi each and every such pay~neM s3ia11 Le E: ~mediate~~ due and Fay~ble and shall bear inter~st from Iho data lhcreoi vmil paid at the rate ol
nir.e par cent~m per annu~n and to3rth:r with suth intcrnst shal! f>> s~•cwed hy the lien of IF~i3 mortgage.
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d To pc:mit, commit or suffer no wast_, impairment or dele~~or.•tian af sald prope~ty or any part thereof.
- 5. io pey atl and singu~ar Ihe cosis, charges and expensas, inciuding a reasonable a?tomey's fee and costs o( abslraUS of titla, i~uurred or paid at
any fin.e Uy aaid MG'RTGAG:E, betause or in the evant of ~he tailure or, ~he part oi the said h~OQTGAGOR to duly, promptly and Fu~iy perform, d~scharge,
ezecute e(fad, wmptete, comply w~~h and ab~de by tach ar,d evrry Ihe sfipulations, agreements, conditions, and covenants of said pretniss~ry note and ~F~~x
mortgsye any or ei~her, and s.~~d costs, ~hnrges and exp~nses, each aod every, shail br immudiately dve and payable; whether or not thers be rioiice da
mand, alHinpl to collati or wit pend~ng; and ~::a full amo~nt oi each and every s~th paymcnt shall bear interast from tha date thereof i•ntil pbid al Ihe
rofr o~ ~~.ne per tent~:n ~~cr annv:e , and ail said c~s~s, ci~argrs and rxpenses ir:tuned or pa~d, to3etiicr vrilh s~th iMeresf, sha11 te seturcd by the lien ci th~t
mcrlgage. ~ • - " , -
6. That (a) in 1he evenf of any brcach of /his Mortgage or defaull on th: pa~! eF ihe h".ORTGAGOR, o: (61 in the ovenf any oF sa.3 sums of money ~
hereir. :eferred to be not prompily and fully paid v~ith~n thirty (30) days neA~ after the so~ne severa:fy ~ecome du? and pa~able, withoul demand or notice, ~ ~
' ar {c) in the event each~and ave~; ~he s~ipv!ations, ag~ee~ner,ts, cor.d~t;ons :.~J co+enents o} sa:J pfomissory ro~e a~d th+s mortpage any ar c-'~her are Rot ?
~u'.y, prornptly and !ully performed, d,s.harged, execu~ed, effecred, comptered, comNl~ed v:~~h and a6+drd 5y, then in e~ther or any such eveN :he said ag•
_ gregate sum mantioned in said ~romissory nota then remaining unpaiJ, v~ith int?rest aa~ued, and all maneys secured heret~y, ahell become due and pay +
a5!^ (orthwitF~; or therea(1c~, at the aption oi said A'10RTGAGEE, as (uiiy and ccmpletely as if al~ of tha said sums of money were originelly st~pu~ated
ro be pa:d on such day, anyihing in sa:d prom:ssory no:e or in ~his hk:rtgaye to th~ conrrary net.vi~hstandiru3; a~d, ~hereupon ar lhereafter al the opt~on of .
said A~ORTGAGEE, w~thout nolit-r or demand, suit at law or in equily, lhere(ore or thete~her begun, mey be prosecutad as if al! moneyi secured hereby
had rr~~tcred pnor lo ns inslituf~on. .
J'. Ti.ai in the eve:~t thnt at ~he beginning of or at any tim~ pending any w~! upvn thti ~Aortga9e, or to foreclose it, or to retorm i1, or !a enforce
_ payment of any claims ~e~eunder, se+d 1.10kTGAGEE shait apply to th•~ Cou~1 hav~rg ~u: ~sd;ction lhertof fcr 1he appe+ntment of a Reteiver, sucn Co~rt shail ~
fnrlhwith appoint a receivPr s~td mortgaged propcrt~ all a+~ci s~ngular, ir.c:vd.r,g ai~ :„d s~n~u~ar ~ha income, profits, i~s~es and reven~es from whatever '
source dcrived, each and every oi wh;cn, ~t being express'y ~nde~s~ood, is herei,y mwlgaryed as ~f spec~fica!!y set (onh and desvibed in thc grantinc~ and
' habenJum da~ses hereof, a.~d zuch Receiver shall hava.all the or~ad and effectPle f~•r.cno:~s znd powers in anywise entrusted by a Cour1 to a Receiver, and
. ~Lth uppoinrment :hall b° made by wch Covrt as a~:.ad:n~t!cd equity ar.d a ma~t~r uf absclute righs to said k,ORTGAGEE, ap it v~ reference 10 ~he
adeqvacy er inadequ~cy of the value of ihr propert•r mortgaged or :o'~he so:~:ency c~r ;nsctvcncy of sa;d MORiGAGOP -or "Fne defendants, a~d ~hat such i
~e~ts, profits, incorne, i:ives and rever,uzs sfiefl be applied by w~h Receivcr a,carci~~~a to the lien or equity of said h10RTGAGEE and the practice of such
Court. . - .
S. To c'v1y, prempt:y and tuIly per(onn, d~scharge, execute, eff._•ct, complrlc, cornY'y w;th ar.d abioe =:y each and every the st;pulations, agreements,
condilions nuo tovenanu ~n sa~Q promisso:yi nnte and th~s mortgaye set forth, ' ' -
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Y. That in the evc~t nc~ ownersh;~.of the rnortgaged prem~ses, or any part ~hereoi, betomes vested in a person other than the MORTGAGOR, ehe ~
MORTGAvFE, its srcceisen ard assig„s, r•.ay, withdut r.e~~ce to ~he 1~!ORiGl10R, dea: with such auccessor or su_cesso~ ~n ~n!erzs~ with _ reference to this
mo:tgage ar.d et~ ~ebt h~reby secured ~n th= same mar.ner as x•~rh ?Aortg33ar ~,v~~hout in ar:y way vis;ating or discharging rF.e 1.lortgagas' :ia5ility hare-
_ urder or upon the deb? hereby secured. No sa:e of the prern~ses hereby mo~tgaged and no forbearante on the part nE the ldORTGAGEE or its suctessors
cr assigns ar.d no extens~on ot t~e time for the paymrnt of the debr hereby secured glven by the 1~104TGAGEE or its successors or ass~gns, ahall operate
to refease, d:scha:ge, mod~fy thanye ~r affect the orig:r,sl I:abi~~ty oi ?he-::,ORTGi+GJR herein, either in who;e or in part.
- 10. Il is spcc~F~c.31iy ag•eed that Gme ~s of th~ esser.ce of rh~s contracr ard that no wai~•er of any ooligaYron Fereunder or of the obligafion 3e-
c~red hereby shail at any lime ther~~f~er be held to be a waiver oi ttie tcrms hereof or of the instrume~t cetvred herby. -
1 I. In add;fio ~ to tl e forego'ng i~anth'.~ E;aym~r.ts a( }ri~~c paE an3 in~er~s? requ~:ed tr/ t}ie prom~ssory no!e setured herety, .-norlgjger c~venants -
and agrces fo pay t•~ mortgagFe with ee:h ,ron*hIy pa~~nent an addir'a~al svm est~n~atcd b/ rno:tyagee te be equa! tu 1/ 12 of !he annual cost of the follow- -
in9: - - . . - _
A-Aii r~al property taxas 'e.~ed or zssess_d ag~i•~s~ t}s-: aco:r d^scrit,cd rea! estate. - - ~
B-Fr~m;~::.s on fire and tivina5lo:+n insuracce as he•cin rcqv'red to be carricti on the improvements situate on the above descrihed premises. ;
C-Pre:,~ivrns on such mortg;ge guara~~ty ir.surar.Ee as mor7gagFe'shail frcr. trr.e ro ti~r.~ deem f+t to carry on the loan secured h2reby. ;
. l,tortgagez sha;i £.om ii~ne to i~me notify mortgagor fn v.rifi«g of the amount dve and payab~e hereun~er an~ such sum shafl thereopon Ee due and ;
pay~b!e on th_ due dare of t~:? next mcnth.?~ payrr,~r.t ar3 e_ch s~cc~sziva moath rne:eaf!er vntil morfgagee snall notify mortgagor of a c:`.artge in suc6 -
: an:oun~_ Such sums sh3:1 L-e ap~lied by marigagee tc:•:ard t~~ ~a~ment o( real property taxes, insurance - m;ums, and mort 9uatonty ir.surance y
premiums. - _ - ,
IN 1'Jlif~~ESS 'r.'H~Rr'Of, tne s3id MORTGAGOR has here~oto set_his h~nd ar.d sial th2 day an - ar first_a re i. j ~ ~
ignrd, Seated and delivered in the presence of: }
i~ t- : ffi_fU L't; -;v~~l~%EO ~ ~ ~ , '
- - a~ ~1. LUC :E COUH Y f~!#~ ~""`t5ea1) j
F,~,;`- .,.:~~5 ~ Ro_ ext L. F in a sin 1{~eal~dutt
- ct~rK. - ~~_~1;; e4uRi ~ j
~ ~ RF~Ci= . .'lt ~"~'C(' ` (Seal) _ s
- (Seap
SiATE OF FLORIDA - ~~1--~_ _~O-~~~~'~~ p _ ~
S't. Lucie ~ - ~~~~~C7 '
COU'dTY Q` - 1 _
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Fober~ L E o~~ein a sin4~e adult ;
Before :r:e penonally aPf;~ared ~ ~ ~nd
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I~irwiSe, to me vre~t kr.ewn and known to me to be E
tne ir.dividual descrit-:d in and who executed the feregoirg i~s±rument, and acknovvledged be(ore me that h.e executed the same for the purposes }
therein expressed...Gnd.tin.said _ - f
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r~ifa at~tb~, aaid - a~'cw as~psr~~ iod.pti~aie ~
.~r.~+iaat~eo.bf.ra~sifcc~s~aritasod~put..f~soQti.k~er.ra+d
Fw~an~l~.ackrm•+.tadg~d..to~od.t~Ec±e.rwj..t3iaiaF,Q~+iosusad..aaidanr~trvaw4~aa3yoiiw.. ;
~ac+ty~.~r:ltwrt.ew~r.~c,~nl~~k:oq.4va~1~iR~+~'psekrr;~nr~:~S~r-o~~r..5~~a.s~~iiiwLa~d. , .
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V/ITNE55 my hand and offiual se~l this_~_,~4 day of _ pPTll ~ A_ D. 19 7S ~
- • -y- ~~t!'~~~ ~ F
. ~ • P.lotary Pubtic in and ior the St of Florida ei La:ge : ~
~ _ My Comm~ssion expires: ' ~
_ Return To: f
Fint Federal Savings d. Loan AssociatSOn
Of Fcrt P~erce. ~ . ~p~pry rY6=t. ~k'~'~ ~ ~ ~ i
' Fort Pi_rce. Flor'dj ~y Commiss=on Exp'sras Od. 30. 1l~i S
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4 Bandsd bY ~+c"~riccn fire d~ CoweltY G. ~
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_ s~~~~~~1~' ; . c ~
~ This Instrument Prepared By ~i2o~grt A. Swisher, Jr. ,y`~.~'~.~at:~~••••••.`,'~6~i . -
First Federal Savings & Loan Association 5 . . _
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~..,i4 ~ ~ ~ ' ' ~
~ of Fort Pierce~ FZorid3 3~4~0 - ~ •.i ~'"'~fl •~ia~''~"~i
Checked 8y`~4~._-_ _ ~ ~ ~ _ f_``~~1'::v~t~ =~~f ` r ~
_ • ~al~~ ~AvE ~~~f ~ • ,Z.y'~' ~S _
- ' - • .i\ ~ ~ e s.
- _ _ _ - - ~ . ~ - . - . . •~~r..j~ • ~ ;
_ ~ y~-_ . - ~ ~ - - - •''i•~~~ .~i::.l~~ s.``~~
~ ~ , - ~ _ ~ - ~ " - _ ,~~'~tltl~~. .~~~UZ _ ~