HomeMy WebLinkAbout0510 3. To place an~ .on!inuo~sly keep o~~ the ~ui:.ii„9s now or hera3ftcr situatn on sa~d land and on ali equip+nenl and penonalty <ovrrrd LY •h:~ ^w'~3'
ega, with all prcmiw~s thrteore p~~d in lut~, lire ins~rante i? Iha uwal etanclard ~:c~'.ity fc+rm, in a w~i, a~:proveu b,l Ihe N,ORIGAGEE, and win~starm
insurancr in 1he usua~ s+~ndard poLcy lorrn, in e s~nz approved Uy the A1•~RiGaGEE, in ~~ch cc+mpa~y er companies as tF~e A'QRTGAGEE may
direth and all tira and -w~nJstor,:~ inse,ranco ~;olici~s nn any of s~~J bu~'d:nys, any intrres~ therein er pa:1 1!.:~eof, in ?he ayg~rgaia ium aforetaid et
in excrse th~reof, shall centain tho vsuat s~a~~dard n~ortgagee ciause or svch.other <~ausa as ~ha ASo~tgagea neay teyu.r~, making the losi ~~~der sa~d poli-
cies, eech and ~ve~y, pay~b:a !o so~d A!~~RTG.IGEF as ~te ;nterest may appear, a~:i raci~ and every :uch po~~c,l si~~11 be prornptty assgned and delive~ed to
eny hetd Ly said AIORiGAGEE as {u±Ther sccur;ly tu snid n»r~ga9e drbt, and, not lesi than ten (10) de fs in ad~ance o( iha expifct~on oi euh policy, to de-
Itve~ tu satil 1,IORfGAGEE a rone.val Ihe+eo(, ta~e~her v,ith e rece:pt tor the pre~:,ium of such renexal; and ihe~i~ sh~tl be no fira or w~ndstorm insurance
plated on any of said builJings,. any interes: therein or pert thcrcof, uniess i~ the fo~~n and with th< icu payabie as aforesaid; and in the evenl any sum
of monay tecom~s payeble und^r such policy or polklas said 1AORiGAGEE e`,all hava ih~ opl~on ?o re~aiye and app!y 1he same on ar,oum ot the i~ulebtcd-
ness secured hereby or ~o permii s3id ~AORTGAGORS to receivc ~nd vie it or any pa~1 thereot lor othc~ purpo:es, ~oi~hout ih,r: b~ waivi.~7 or unp:,ir• '
ing .ny equ~ty, Ilen or right under ~r by ~irtue of lhis mcr'gage; and ia the evenl sa'd MURTGAGORS shall for any reawn fail to k~ep Ihc saiJ premiscs so
Insured, or fall to d:'iver p:omplly any of aaiJ polic~es o( insurr.nce to sa~d MORTG~IGEE, or fail promptly to p~y fully any pre~riom therefor or in a~y t~`~`
respect fail to pertonn, d~scha~g^, exec~:~•, eilett, complctq cemply wi~h and abide by tleis covenanl, or any parl hrreof, said MORIGAGEE may place a~~d
pay for_such insurance er any pari thereoF w~theut waiving or affrcting any opticn, iien, equ~ty, or rigFi under ar by virl~e o( this hlortga~e, and ~ne
full amo~nl of esch and every suen naym~nl sha11 be immediately due and µ~yab!n ond shall be~r interest from ths data thercof un:it paid at ~he tato o~ '
nir.e per c~mum per anm~:n an:i to;~ether ~~ith su;l~'i,~terest shati h~~ securcd liy the lien of this mortgage.
4. To Fcrmif, commi! or sufter no ~v~sle, impainneM or deterioralion of Sa~d propcrty or any parl lherecf: _
5. To pay ali ar~d singular the costs, ch~rges and exper::es, induding a reasonable atterney'o fce and wsts of ab.tracts of fitle, inco.red or peid at
any time by sa~d A',GR1GAGfE, because or in Ihe even? uf the faifrre on the parl o{ the said MORIGAGC?R to duly, promptly and fully per(orm, d~scha~ge.
execute, effed, ccmnlete, comply w~~h znd ab:de by each and every the s~~pufations, agreemen~s, conditions, and covenants of snid nromissory note and this
- mortgage ar.y or eithe~, and s~;d cests, charges ard exprnses, eath and rvery, sh,aii ba im.medialely d,~e and payabte; whethet o~ not there be nofite d>
- mand, atte~~~pt fo co:lect or suil pe~~ding~ and the full amoun~ of each a;id evrry such paymen= sha:l bea~ intesest (rom ~ha date lhereoi until paid af the
rate of n~•ie pcr ccm~m F~~r anr.v:n; arid ali said ccs!s, charc~ef and tx;;er,scs intuired or paed, tcacther with :uth interest, shall b~ se<ured by the lien oi tnis
morlgage. _ - - ,
6.. That (a} in the eveM of any ixeach of shis ortga~a or deEauN on tha p~rt cf ~I~c h!ORTGAGOk, or (b) in 1he event any of saio soms of mcney ~
• hrrein re(erred to be nat pro~nptiy and f~lly pa:d whhin ~h~~~~ {30) days next after Ihe same severa!ty become dv~ and payabfe, wiihout demand or r.otice, _
-or (t) in tha event eaci~ and evcry the itiFn;la?ions, agre~ments, ~cr.di!ions and corenants of sa:d promissory note a~d this morfgage any or either are not
~ufy, promptty and {ully p<rtotmed, d~scharged, exe:ured, eifectrd,.com;~lefe3, complleJ with and ab~deJ hy, then in elther or a~~y svch evant the said sg• _
grega!e sum mzntiet~ed in se~d promissory nate then iemaining ynpaid, with interest accrued, and ali moneye secured he~eby, shail bEcome due and pay
able forlhwith, "or Ihere~fter, at the option of said :10RTGAGEE, as (ully arx~ completcly ad i( all of thc sa~~ sums of money were originally stip~lated
to 6e pa:d on wch day, anythina in sa:d p~omSssory note p~,in this hlortgage to the contrary rotw~ihs~andingy and thereupon or therEaft~e at Ihe option of -
said 1!MORTGAGEE, w~the:,t rol~ce o~ demar.d, s'v~f at tar~ or i~ equity, there(ore or thereafier begun, may be presecuted as ii alt moneys secured hereby~
had matured prior to its institv~ion. . - .
7. ihat in tha event that at tha be~inning ot or at any time ~pa~tding any s~~t upon this 1~!ortgage, w to for~close it, or fo reform it, ot lo enforte
paymenr of any C~3itill hereundcr, s~id ;.tiORTGAG'_E shafl apply to Iho Goun having jurisd~ction thereof for 1he appu3n;menl of a Re~eiver, such Court shall
for.~•with aFpeint a re;ei.•cr cf s.+~J ~:or~r~syed proprr;y all-,;nd singutar, inctud~ng ail and sing~lar the. income, P~o(ils, issues and revenues from wi~atever
sou:te drrived,. ea~n arJ every of wi~~ch, it being express!y undefstood, is hereby ~ro:tgaged as ii spec~fically sef iorth and descr:bzd in the g•anting and
" haber.dum ua:,ses herre(, and such Reczi•+,:r shal; ha~e all the broad ar,d eifective fundtons and povrers in anyw~se entr~sted by a Court to a Receiver, and
wch appoin~menr sh~lt k•~ n:ad~ by svch Cewt as an ad:n~tted equity and a~ca~ter of rhsolute rigfit, to said MORTGAGEE, and withcut reterence to the .
adeqvccy or inadrquacy ~f ti:c vaive oi Ire properfy mortgaged or to the soiv~ncy or insolventy of said MORTGAGOR or fhe detendants, and fhat such
rents, profits, inccme, issues and rzvenu~s shait be appiied by such Receive~ accr,rding to the lisn ot equity of said h10RIGAGEE and the practite Of such
Court. • - .
~ 8. To duly, promF:tiy and fufly perfcr:n, d+scharge, exec~:e, effect, compiete, comply with ar.d abidr by each a~d every t~:e slipvfalions, agreements,
I tonditiens and cov~nan!s ir, said pro:nisscry nore a,:d sh~s me.~tga~e set forth. .
9. Tt:a~ in shc eve>>t tne or: :r•r4h~p oi th< rr:ortgaoed pre:»:ses, or a~iy part thereof, L•ecomes vested in a person o1i~e~ th3n :he MQRIGAGOR, the
i l~lORTGAfEE, its successors and auigns, msy, v~~thou: r.o~ic:: to the ;.50RTG:.OR,'aral w;th such suaessor "or successor in interest w~th r~ie~ence to this -
;
mo~tgage acd 1h~ deb! hcre~y secured in the same manrer aa with tLorlgagor wiffi=ut in ar.y ~vay vit;ating or distharging the Mwtgagors' liability here- .
~ under or upvn thc d•~Ut hcreby s~t~red. t~o s3:r of th~ Fren:fs~s hereby mo~tg:ged a:~d ro (orb.arance on the part of ~he /AOFTGAGEE or its su[cessors
or assigns and no extFr.sion of the ti:,ee io~ thz payment of ih~ d~bt he.eoy secured given by :he ~dORiGAGEE or its successors ot_ass6gns, shall operate
. lo release, d;sch~rge, mod:fy change or affec~ thc orig;naf liabiirty of t~~e rhORiGAGOR herein, elther in whole or in part. _
i0..lt is spet:ficaliy agread tiiat ~in~e is of the essen,e of tius contrau ~nd that no waiver of any ob=igation hereunder or of the obiigetion se-
_ cure~ hereb~r shatl at any tin:~ thereafier be he;d to be a vfaiver oi the terms hereoi or oi ihe instrument securzd herby. '
; 11. In ad~ i:oo-to the furego:~~g mon~f,!~ p~y:n,nts of princ'paf and i:~!zrest reqv~:ed by the promiuory note secured hereb~, mortgagor covenams
3r.d agraes to oay to m.crtgag^e v.e11i ea_~: rr.~..^.!~'y pay~:-rni an sv3iiior.qi s~~:i ~st~:=~e?eci u~ ~t,ortyagre lo cC riivai io l~~l~ O~ iiie a~~nuei cosi oi ine ~oiiow- .
~~9;
i A-All real Fr~~rty taxes I~vi_d oc ass^ssed zg~i ;st :he aao~•e desvi~.d real estate. ~ .
~ ' 6-,Prer.;~u:ns on fire and vri^dstorm irsurar.te as i»_rz~n requ;red to be carried en Yr.e imYrovertme~ts situatz cn :hc above described premises.
~ C-Pre•*-•~u:e~s on such mor*g_g;: guarant~ icsvrance as mertgag•~e sha11 fron~ tme to ti~ne dcem fit to ca~ry on !he toan setured hereby.
_ J'dortgagee sh;~i from :irr,e to tiT,c notif~ mort1agcr in vrrit~ng of the a~aovnt due and p~yab}e htreundrr and suth su:n sha11 :'.airupon be due and
,'s payable on th= du~ Car_ oi th~ next montniy nayme~~t and each succassive montn tirereaiter uNil :nortga~ee shai! notify mortgagor of a thange in svth
amounT. Such wms sha'.1 Ue applied by mor!gseee tcv.a:d the paymenl of rea~ prcp~rty taxes, insura~ce Rre~:i:vms, aizd mortgage guaranty insvrance '
" firemiums. ' _
; IN b~IITNE55 `.'rN~RcOF, Sh~ sald trORTGAGOR has hereunto set his _ha~cJ and eal the day and ye r rst afwesaid.
Signed, Seated and detivered in the presence of: ' ~ ` _
_ _ . ~ . . _ _ fILEO t.k'_'~ ~EC'JBDEO ' -
, ' ST.~uC~E CO~jkRA~L~. ~ Thomas D. Voss~ a singl~ -
~ ROGL~ ~ 4
_ - CLE~K .•+-.CUt ~ COUkt
- RE C~3k^ ~ EF.L- tc ~1 _ - _ (Sea~ .
(Seal)
• STA7E OF FLORICA D v~" a~~
. st. Lucie ~ ss. a3~~.~.7 .
COUtdTY OF ~ - -
~ eefore mc F•enc~a'Iy ~pF:eared Tr10IIlaS _ D• VOSS t a single adLi2.'t ~ ' ~4,
- - - _ ii~~if« to me w•e!I kno~vn and kno•.vn to me to be _
t~e indi~idua' descri~ed in and tivho ezecuted :he ioregoing inssrumenl, and acknowledged beiore me that he execvted tne same fw the parposes ~
~ therein expressed. i~d..ti~afid - £
•+rif~~{.ib~said - - ur~rrmae~e.e~s.r~i~~iwr*
~ ~~ir~i?io~~i~~:ai~~.s~-~~ia.~r~L~ifrsr~k~i~i 'y~.icic~wrL4~s~1.te~wd~bei~+r~+r~hes~Fs~~c~cYt~F~~i~i~wa++,Qw~~ire.~~•Ra~l.wtwr -
.larii~,,.ari.?~Lnrs~~y,?ror~yiaiw..r+wsaiai,«~Pr ~~.arfe~r.oi~rir~rshe~~id.~w~iani.
= 4~IT~VGSS my hard ar,d offic~a~ seal thls- day of ~y ~ A. U. 19 75
i~ . . - _ -K/ _
'f~ ~ NcTary F'ublic in an fhe State oi F~orida at targe :
I} - - ' _ ~ - My Commission ax ' s: ' ~ .
i, Return To: .
? first federal Savings a Loan ~ssoteat:cn - '
- Oi Fert P:erce. - . . -
- ' Foit Pierce, florid3 ~(~r ~s ~ ~
: M•Y Com+ivuion Ex~ir~t ~Def. Zp, ls
q76 -
' : . . 6ondsd by An.rerkan Fir~ 6 ~ ~ . . ~
• • - Cotvol ~:»>s~.7irr,t - ~
h ,Cei'r :
; ~ This Insfrumeni Prepared By RobeYt A„ SwisheY JX • _ ~ 'i -~''rr ~
~ ~ •
= First Federal Savings & Loan Association - ' ' ` 1
: , : ,
- of Fo~t Pierce ~ Florida• 33+~50- ~•~.i ~ ~ ~ ~
. . ~ ; -
_ .
CF~ecked By ~ U R c - ~,tf C:,. , ; ; .
~eJ9 PAGf '.:~1~ - •
. . SOOK _ _ ~ 1:,~,~~~l~J1~~-'~ : }
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