HomeMy WebLinkAbout0562 3. To piace end coroinuouily kerp on ti~e bui!J~~~as now ar herea:ter e:tvata o» :aid lend ar.d on afI eyuip~nen~ a~d ~ersonally cove~ed by iFis morl~-
sge, w~lh ali prta~i~ms ihrreon pa:d fuli, lire ins~rance the ~~:~al s~a~d~rd poGcy form, in a sum epptoveJ hy iho MORiG.~.GEE, ~nd wi~Js~erm
Imuronce in Iha vsu~l standard ~wLcy ferm, in e:um apExevrd by tha MCRTGAGfE, i~ t~th tomp~ny o: tompanies af the AIUKIG/1GfE -rnay ~
dircch and all fire and w~ndetcrm insuranca policies on a~~y of said build:~~s, nny inleresl tFrerein or pe~t Iher~uF, in ihe aggreaate sum sto~ese~ci or ~
in excess ~htreof, shaU eontain tl~e usval ~t~i:dard morlgag.t ciause ar wc1~ u+her cl~uso es Ih4 hlorl~~c~ta n;ay ~eq~~re, maAing ~he io~s undar ea~c! yo{i•
cies, ea~h and every, payat~!e to sa;d A10f:1uAG[E as ~~s interasi m: y appear, and e~ch an~l eve~y such po~icy si~a11 be pra:,plty ass gnrd a~id delivered io -
any held by sa~d h1C~RTGAG[E as lurther sewrity to sa:J murigage a~a~, and, nat k:ss ~han ien ~1G) days in advancs of Iha expiration of each Fwlicy, to de-
li`~er to said A10Rf~~GFE a rrnexai thereoi,.to~3e~her with a:et~~pt tor the premium p( svch renawal; and Ihere thall be co f~ro or windsform in3ura~~ca
placed on any of sald 6uilJin9~, any imeresr therein or part lhsrrot, unless i~~ !h: form and with ~he Icss payable as aforesaid; ar,d in ihs evenl a~~y surn •
oi money becomes payable unJrr such po;~cy or poGcies soid MOR-iGAGfE ?ha11 have ~ho option t~ rcceive and apply ~ha iamo o~ account of ~he indebted•
~esS secured h~reby to permit in~d ~.10RiGAGORS to reteicu rrtd ~se it or any FLrt th~:eof ioc other pu:foses, w~inou~ Ih~ric~~ waiving e~ impair-
I~g any equ+ty, lien or rigF.t vnde~ or by virtue of thie m~.rsgagc; and in Ihe evrnl fa:d AtORTGAGORS shall Eor any rea3on fail to kecp Ihe SaiJ oremises. so
ins~rrd, or (ail to delivcr promplly ary of said ~wlicies of insuran:e to sald MORIGAGEE, or (ail p~omptly t~ pay fu11y any premium Ihcrefor or in any !'t~
tespect (ail fo perform, d~s:hnrge, execute, e(Fc<I, complefe, comuly wiih and abide hy thit covenant, or any past heraof, said MORTGAGEE :•ay place and .
pay (ur wch ins~ran<e ot eny par, thereoi w~:hout waiving or a(Ic•cting any option, lie~~, equ~ty, or righf under or by virtur of this ~.~ortgaye, end the '
full amouM af each and ¢very such paymeM shal! be imm~d~ately due and ~yable and shall bear interesl irom tha dafe thereof u~~fil {:~id at the tale oi
nine pcr ccnium pe~ a~utium and to~ethc;-~si~h tu;h i~itc•esr shall ~e sccured l~y !ha lien of Ihis mortgagC. .
4. To permit, tommit or su(fer r.o wasla, in:pair~nenl or detetcoration of ~a~d prcpcriy or any part th^_rcwF. _ .
5. 'o pay all and singvlar Ihe costs, char~es and eapenses, induding a rrasunahfe altorney's fee and tosts of abslrods of tltle, tncurred or paid a1
a~y time by said AtOQ1t3.AGEE, txcause o~ in ih. e~ent of ths fa~lcra o~ Ihe part of ~he said M'JRTGAGOR_~o duty, prompNy and. fu~ly por(orm, d~scherge,
exrcute, effect, comptete, comply vith and ab:de by each and every ~he s~~~u!atio~s, agree~~ente, conJ~tions, and covenants o( said pro,nissory nota e~~d ~h~s
monga~e any or ei+hsr, ar.d sa~d ~osfs, charc~ei and exp.nees, ea<h and every, shail ba immediat6ly dve ar.d payabte; wF.ether w r.ot there ba norice d~
mand, atte~npt to col~:c9 ur suit pand~~g; a.hd 1he (ull amo~nt of each end r~ery s~th payment ehall bear interast fro:n Iho deto thtreoi until pnid al Ihe
rate oi nine per ccntvn~ pe: anriu:n; a~d u!1 aaid costs: char~es an~ exocns=s inturred or paid, to~elher wilh such interest, shafl be eecured by the lien vf this
morlgage. ' -
. 6. That (a? in Ihe event of any breach oi this Mortgage or defa~tt a~i it~ part oi :he :~'.ORTG~GOR, or (b) I~ the event any af sa'd svms of money -
herein referred to be not promplly and fully paid ~v~thin ~h~rty (3J; dsys Aex~ after ihe same severa!ly becane due and payabte, withoat demand or notice,
or (c? :n the evem each and evc: y tLe stiputatiens, agreemen~s, ccrditiuns and wvenams of sa:d promissory note and ~h~s mortgaye any or either are no1 .
july, pro~nptly ar.d fully performed, d~scnarg_d, ~xecvled, efiecled, ton:pletcd, compt~ed with and a6~ded 5y, Ihen in eithzr or any s~ch 8ven1 the sa~d aA•
- ~ gregate svm mentiened in said promissory note then remaining unpa~d, with inrerest accrued, and all monays secured hereby, shatl betome aue and pay
ab!e fcrtF.~vith, or the:_a~ter, at thc op+~o:~ of sa~d A10RiGAGEE, as fully a~rd comp:at~ly as ii ap of ~he sa~d sums of money were oririna;{y stipulated
to be ptid on scci~ d~y, anything iq sa:d pro:~~issory note or in this 1.lortgag~ fo the contrary not.vithstandiag; ~nd Ihereupon or thereafter at the option of `
sa~d ~hORTGAG.E, ~v~Thout notice or dcinand, s~~? at la~.v or in equlty, there!ore or thereaher begun, may 6e proseculed as if all moneys sec~red hereby ~
hzd m~tvred pr~or te ns institution. " -
7. TFat i~ th.~ evznt that at the beyinn~ng of or at any tinie pending any su~t u~.~un this ldortg3ge, 6r to (oretlose if, ot ;o reform it, ot to enforce
paymeN of any cta:ms he~eundz:, sa7J I.~ORTGt\G=E shall app~y to the Coun harir.9 ;w~sd:<t~u~ ther~of for ih~ appointment of a Receiver, suth Cour! shall
fc~thwith appo;m a re:eiver of sud mo~tyaged property atl e~d singular, int~ud.nc~ a'1 ~nd s~~aular the ir.come, p+oFits, issues ar.d revenues from whatever
_ sou!:a 4~ri:e3, eech a+id vvc~s~ of .vtti;ch, it L~.ia~ e~p;rss!y vnd.cstuoJ, is F.ercby mcrtgageJ as if sprtific~lly set forth and described in fhe granNng and
_ habendum ciauses nereor, and svch Rece~ve: sha;l have all ~he b~~ad and effrcr.ve f~ncs~or.s and po~vers,in anywiie entrus!ed by a Courl to a Receiver, and
cuch appointme~t shall tx madz by svch Ccurt as an admitted equity-and a n:3tter of a5solute right to said AlORTGAGEE, and without reference to the _
adequ~cy or ined~quacy of ~he vaiue of the p{opcrty mortgayed or to ~hr so:ve~~cy or ~n=_uivcr.ty of said MORTGAGOR o~ the defendants, and ~ha1 such
rents, profits, incoms, .issves znd rever,vas shai~ bc apptied hy wch Receiver according to the lien or equity of said 150RTGAGEE and the prac~~ce of such
; Court. .
8. Te c:!„ ~r_re;:tE; >_c~~ tu!!y ~er[o~m, d~scna~ge, executa, eficct, con.plete, tomply with anJ abide by each and every the,siipulaJions, agreeme~ts, -
- eondetions and covenants in said promisswy note a~:o thfs m~~rtga~e sc1 (urth. ' •
9. That in th~ evest Tha owne~sfi~p of fF.= mcrtgaged ~;remises. or any parl thereof, 6ecomei vested in a person ofhe~ than ;he A50RTGAGOR, the
MORTGAGEE, i~s success,•5 ar.d ass;9R5, f7'dY, v:i+ho::t ~,eiice to +hr 'AORTGI.OR, deal with such successor e: successw in interest v.i~h reference to this
mor~gage a~d the debt t.ereby s>wr¢d in the sane mar.r,z~r as w+th h',v~tgago~ withaw in any way 'vitiating, or discharg~~ the l.lortgac~ori liaoilify her~
~nde~ or upon t!~~ d-_z~r 4~~reby se,u:~d. No s~!e cf tF:e Fre:r.iscs hei;~y merrgaged and no ferbearance on ~he rart of tfir /10RTGAG[E o~ its sueccssors -
( or assigna and r~o crr_n:~an of nc~ time fur ~t,: payment_o! the d~bt he~c~~y secured given by Ihe 1.SORTGAGEE or i1s suc<essors or assigns, ahall operate
ro.re!easc, d~scharge, mcd~fy ch~ng: or affect tne a:iginai liau~iny af the /AQRTGAGOR herein, eithzr in whole or in parl. _
F lU. It is see:~ficauy agreed ti~3: l~~ne is oi the rssence of tt,~s contract and th~t no waiver of zny obligation hereunde~ or of the ebligation se-
~ cured hareby sha'1 at any lime th=reaitr. be he!d to be a v:aiver of the terms hareoi or ui t}~e ir.strument secured herby. _
; il. {n ~dd:to~ to 1h~ Jo:ego'n~ moMPr,y p~~~r.en?s of pri•:c~r,al_and inte:est req~i:ed by the prom~ssory no?e secured htrcby, mortgagor eovenanls
~ and agr~es ro pay sc »:o:tg>gee v:i~h each e~~on!h':y j,3y•r.ent an ~do:riona{ sum ~-s!+~~:at~d by mortgage~ to be equal tc 1!12 of th~ ar.nval cost of the follow-
= in9: _ "
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A-Aii reai property taae> ~e:~ie<i or _sse:._d ag3i~is: th•_ acove dezcribcd rea~ estale. _ •
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€ ' B=Pren,~u:r.s on fir•~ and wir.dseo:m ir:sur~~.ce ~s here~n req~Ired to be carrcd on ~he imcrovemen)s situate an the above d_ncribe:d premises.
C--Pte;nivr..s o~ svcn mortn~e guaranf~ ir,s~.;!ar.ce as meztgagee sha~l fro-r. r:me to time deem fit *o carry on the ioan sec~red hereby.
1,5ortgagec zh~:i ~rom rin:r_ to t~r,,e net;fy mcr:~ager i~ .vri!~r.g o! :he arr.aant due aRd payabte herrunder and svch sum sha!I lhereupon be due and
` G'Y'=6.e o~ !ha u~c cia+a of the nvAt rnn.~~h'.r eayment and each successive ~+onth thereafter untii morfgagee :hatl notify mortgagor of a change in such
amount. Svci, sums s6a:l be app•.:ed 6•~ mortg~ger ~e.tard the paymen? of real property tazes, insvra~ce prem:ums, and morlgage guaronty insvrance
pre:niums. _ - -
- VJI*NE~S L'lHcRcOF, ths sa~d 1J,ORiGAGO? has hereunto set his h~nd and seal the day and year fint aforesaid:-_
§ - "gned, Sea!ed ar,d deiivered in th> esence of: "
, , - it~=a x!~~ ~c~Yu~~E~ _ -
F." ~ in-vm.(i fT. Lt3v+L_.1~ti+~7Y . l.1~ ' ~ _.(Seal)_ -
; ~ ~•;,;?1S r ~
~~J ;E._ ~ Seaq
i _ • y~f f:.K v'.i~~;i?1I C~ilRt ~ - .L- yv _c~.c../~.r .(Seaq
~ f~fn~ ~L ' IE~~
~ ,lc~ ~ . oFCr~Ki. i4-"... ~ ( n
i ~ 'ea
t ° .
? STATE OF FL~Ri9A ,v~••• yo ~CK A~ ~ 5 ( t+~
' t- ~ r c~ r-f t S T~ ~ • v LJ~ 1~ L7 V']t -
COUlJTY OF _ ~
9efere me personally a;,peared f John F? . C81dP3 and
_ Lillian C. Caiafa _ t,;s .,,;fe, to me w•eil kno~m and kno•xn Io me to be
_ the individua!s descritcd in and who execu'.ed_th>> foregoing instrument, and acicnow:ed~ed before me that they erecuted she same for the ~ucpases
therein expfessed. And tha s~~d- Lillian C. Cal~fa -
: wife of the aa~~ _ .70t1Tt R. Caia~a - ~ opo~ a separate bnd privite
- _~exam+nalion by mn tat~en separat~ and apart from her said hosband, acknowled~ed te and b>fore me tF.at she executed said inst~vment freely and vofum
lariiy and w~thout eny co:npvlsion, constroinf, apGrehers:,on/, o,r~fiear of or from her said husband. - _
Y~IiNESS my har.d and offiuaS seal th~s__ _1~ day of ` f'~ ~ R~~- , A. D. 19 ~`J
~ _ _ ~ ~ -
f - . . . . _=~-t~~sL.~--L_~ Nr c:o ~ - . .
j Notary Pubt3c in and for tne State of f•lvrida.d}`lb'f~~ ~
' f~ly Commissicn-expires: _ - . ~ N~ •.~r iF ~jG
~ P.etum io: " . TH~C~OS!A D.~ L °H ~,~~•a~~:~ -
,-s~_~c ~tat~ a. R..rry~¢ . ~
first F2daral Sarings 3 loan Assaciat;on ~ hOTA?Y , ° ~ t
~ OF fo~t P~e~te. i\~. `v0•~3273~b : ' Y -
C~t~e':i~e:_f ; : '.Ies:clrestrr Co_~~ ~ ~ • J ri ` t~
~y - Fort Pi~rce. F:Urit~j ~ .rE.'Rl CX~ifCS i~~3fC(1 +30i ~~~t ~ _ ~ ~ • r`; "
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t . - _ . '~iti~Z„- , 1
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• This instrument Prepared 8y J. Na1 Roberts~ Jr. ~
r-~ First Federai Savings & loan Association ~ - - ''•.:;?-~'-I~.S4QQ:
~ _ of fort Pierce ~ Fiorida 33450 _ _ ~ : - - . ^ '
_ fl ~ - . - -
_ ~ Checkec! 8y $Oal( R~ fi~~~ ~ . i
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~ = . ' ' . ' " - s . . } ~ C. ~J~-
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