HomeMy WebLinkAbout1274 3. To p;ace and conti~uovsly krep on ~he bui!dings noJ~ e~ hertaticr s~~u.i~e cn s+id IanJ and on all e~~ulj~~~:ent and pcrsonat:y cove~eci by Ihiti mon~-
~ge, w11h ail premiums Ihereon pa~d in 1u11, (ire ins~rancc ~n tho ~sual sta~~ard ~:o!:c~ ferro, in a surn a~:proveJ by 1he Mi~RiG:lvEE, and wind~tor~n
insura~~ca in ~ho usu~l standard puGcy fonn, in a s~m appraved ty ~he 1~~~~~GnGEE, iii su:h compo~y o~ eompanics as th~ A4;~RTGAG[E may
d~ret~; a~,d atl li~e and ~v~ndatoe~r. insvrsncr ~oGC~ei o~ atiy of sa:d bui!d.~.9s, a~~y inser~zt t1,e~ein ~r pari thertof, in the agg,~ya~e wrn aloresaid or
In extess Ihcreof, shall cont~in 11,a uwai ~t,ndarJ mori9,~yea cl~use or such eihcr dw~e as the hlortyagee rney ~equire, moking Iha ion: unJer sa~d poli• .
eies, eaih and every, pay:+b:e ro siid A10RTGAGEE as ~ts i i~i•r~fl moy appeai, ar~d eacii anJ e.rry such po!icy shttl hc prom.~,lly ass gned a~,J drG.•cred ro
any held by said ItIORI~-AGiE as fu~ih~~r sccuriry to sjid rrortc~3ga deb?, and, not less rhan ten UO} dais in aJ:ance of ific ex~~~ral~cn oi each policy, to da- !
liver ro;~id ,ti10RiGAGEE a renewat tharro(, ia~ether w~th a ~rce~p~ tor ~he pr~mium of svch renewal; and ~hare shall be no F~re ur ~vindstorm insu~ance ,~w
" placed on any of said bvildin,~s, a~~y i~~terest 1}:erei:~ or parf lhcrc-of, U~;ess in the fcnn and wilh 1h•~ loss payab'.e as aioresaict; and in ~he event any sum
of mon~y becomes pay~b~~ vnder such policy or pcGcies s~id 1dURTGAGEE slwtl havc the option ~o receive and apaly the same an atccvm of Ihe indebted• _
nass secured hereb~ or w~ermit aa~d 1.10RTGAGORS lo re:ei.e and usz i~ or any ,•art ~i.•::~u( 1er e:f~:~ {:ur~~oe~s, v.~iho~1 th_r~i,~ :.a~v.~~j cr impa~r
fng any equ~ty, lien or right unde~ or by virtue of lhis mo:'gat~c, and in the event :a:d 1.lpRIGAGORS shill !o~ any reason tai' to kcep tf,e said ptem~s:s so
Insured, w fail ro de~ive~ pr~~TnpNy any cf said pol~cies of insorance to sa~d A10RTG.AGtf; o~ fail promptly to p~y f~1~y an/ prem~um Ih~refor or in a~~y ;
resp~u fa+l ta p~rtoro~, d;scha~ge, execute, effeq, co~»p1e~a, co~nply •hiih and atrde hy th~s coven~ni, or any part hrreo(, said h10RiGAGEE may placa and _ : ~
pay (or such insurance or any part thercof w~thuvt waiv~ng or affecting any option, lien, equ~~y, or ~ight ur.Jer or by vutue of this Mer~gage, and the
- full amo~nt o{ c3ch e~d every su~h payment sha11 be imm.:d~etelv dua and Fvyabfe and shall bear intcrest frem iha data therco( vnul pa~d ai tha rate o1 ~
nine per cem~rn per annu~n ~nd rog,Ih~~r ~~ith such ~~i!z~i:t sF~.di t,e secured by ~he 4ien of !h~s morlgage. , ~ ~
4. To penni?, commit or suf(e~ no ~vasM, impairmCnt o~ detc~ioratien of sa~d prope~ty ot ar.y part thereof. . i
5. To pay all end singuler thcr costs, charges and expenses, including a re~sonab!e atiorney's Fee and costs of a6st~acts af tit(e, i~cv~red or paid at ~
any t~me by said AIORItiAGf E, ECWUSN Gf in tfie event of ~h~ 1a~ture on the part of the said /r10RTGAGOR ic duly, promp~iy and (utly pe•(orm, d~scharge, .
execute, e~fecf, comp!ete. Co~nply ~v<<h and ab:;ie by ea;h and every 1he slipulations, agrecmeMS, conditiune, and cove~an~f of said pron;issory note and this . ~
mortgage ~ny or e~ther, rnd s~:d cost:, charges ar.d expenses, each and every, shall br imm~d~ately due and payahle; wheiher or not thrre be notice dr
man~, aitempt ta cotied or suit pend~ng; and the full amount af each and every such payoienf sh311 bea~ in~erest (rom tha dare fhereof until paid el ~he
rat~ o~ n~ne per ccnium p.:r ann~:n; an~ a1f said Fcsts, cna:3es end cxi:ens_s irxurred or ~:aid, tagethcr wsth such interest, shaU be securzd by the I~en ot this -
mortgage. . '
~ b. That (a) in tha event of any breach of lhis Alortgage o~ defauh on the p:~rt ~f tt;c 1'.'.ORTGAGOR, or ;b) in the event any of sa:d sums of monqy
h:rrein reierred to bc not promptly and tully paid r~Ithin ~hl+iy t?0! c'ays nexl a1L•t the same scverally become due and RayaUte, without dema~d ot notite. _
or (c) in ~ha ecent each and every the slipu~at~ons, ag~eements, cor,drtions and covenan~s of sa'.d p~omissery ~ote and th~s mottgtge any or either are oof
jvly, premptty an;! F.,?:y perfern,ed, dscharged, exerut~d, efieUed, complefed, cr.ntpl~ed v::th and ab~deJ by, then in e~ther or any such evern the sa~d ag-
gtec~att sum mention<d in said promissocy note thet~ rem~ining unpaid, vrith intere;t acui~ed, a~d aU neoneys setured hereby, sha41 Lecome due and pay
~ able forlhwith, ar thare.ifter, a~ tha optio~ of sa~o 1.",OnTGr1GCE, as (u~Iy a~hl corr,ptarefy as it a~l of tht s3id sums of money were o:iginafly sGputated ;
to be p.r.'d on ~uch ~ay, anyt'r,ir.g :n sid Hro:n:ssory note or in this ASortgage to th•: cutv~ary iwtwlths~andL~g; and thereuFon or thereafter al the oplion of :
said tdORTGAGEE, v.~it},ovt not~cc o~ den,and, suit taw or in equrty, ~heretore or tt:^reaher begun, may be prosecuted as if all moneys secu~ed here6y
had n~a~ured pr~ar to ~13 inStitution.
7. lhat in tn< event thai at the beginn~ng of or rt any time p_nding any su~t upc~n this h'.ortgage, or to forectose it, or to ~eform it, or to enforte
` payme~t of any claims hcreunder, said h1CQiGt;CE` shail ap~ly fo thc Cov~t hr:ing ynhd:uio~~ thereof 4cr the appa~nt~neni of a Receiver, suth Court shall
~ Forth.virh ap:~i:i1 a rece~vcr of s~id r^ort~ag:d prop~~ty a!! and s~~:gu~ar, i^d~d ny ail anc: s~ngu~ar ~t:e ~r.ceme, Frof~ts, is ves ar.d revenues from whatever
soucce dcritied, each ar,~! evcry of ~~}~:,h, being ~Rprc•ss!y ur.ders!vcd, is T,ereby n:~rrg,g.~d as spec:!icatiy set fonh and destribed in the g~anting and ~
' h~benJum clavses herof, and such Reteiver shafi have aiI Ihe brcad ~r.d Cit~Y~iY^ fw.c~ o:u and povrers in anyw~se entrusted by a Court to a Receivcr, and ~
such appointment sh:;li Le ~*.ade by such Court Ls an ad:nitte~d equ~~y ~nd a n~atter ot aL•so~uta riyht ro said MORTGAGEE, nnd without referen.e to the ~
adequacy or inad~~quacy of the vatur of the prope~ty rt~ortgzged or to tha so.~en:i ~~~~a~+~~»~y oS 3aid 1.',ORiGAGOR or the defendants, and~ Ihat such ~
rems, profits, inco:ne, issues and :evenues-shall be ~ppli~d by such Recc;ver accprJing to the lien or equity o! said ~.tORTGAGEE and the prectice of such ~ ~
. Court. . . - i
- 8. To du':y, prcmptty and (u1lY perfor;n, d~sch:rge, execute, effect, cem,'.ete, cer~ply w;th and ah~de by each and every the stipulations, agreements, ~
- eond~s~ens and covenants in s~~~ promissory not~ and tii:s mCrtgage se1 forth. _ *
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9. ihat in the evan! th•~ or.nershi~. of the r.iorfgaged prem~ses, or any part thereof, betomes vested i~~' a_person other then'the _Rf:OR1GAGOR, the ;
F,40RTG.:GC~, its svucssors acd 3ssi~ns, ma„ w~~hout ~ot~ce :o tna f.b~R1GA03, dea! w:th such svccessor or suaessor in ir,lerest w~ih reference fo this 1
mo~tgege ar~d the deot h~r~by =.cu~ed in I}i~ Sar':: manr,~t as vrith At~r:gagor vrthouS in af,•t r~3y vitiating o: discha~g~n~ the Rlortgagors' iiability here-
u~~dir or upon th~ d~hf t~ere~~ scw:ed. t.o 53ifp uF ~cr rr~ isrs hereby'rno~tgaged ar.d no. iarbearsncc on thB part uf Ihe /AORTGAGEE o~ its wteesso~s
or ass~~~.s and no ex+ens~o~ oi the !i~r.c for The f:.~yn-~~nt oi th._ deUt h:~re6~ secured given by fne R"ORIGAGEE or its successars o~ esslgr.s, ahzil ape•ate ~
to ie!ease, d scharge, n~od~fy c>iar,3e or aifecr tne cr~_~~t~ie fiao:Lt~ of th~ h',ORTGAG02 herein, e+!her in whole or in part.
10. It es s;.ec:fi:aliy agieed ~hat t1n;e is o! ri~~ esse~ce of th;s contract and that no waiver of any obf~gafion hereuader or of the obligation se-
cvred htreby shali at any time thereafter be heid to bc a v:a~ve: of th_ te:ms hereof er of the ir~stru:nent secured herby.
f i. in a;,:l.t'~:i to tfi? IO•'G~C~rI~ mo~,~'~:~ F:~~r.~:r.~s o{ ~>~i :t F;al ard. i:~td!c11 requl~ed by ~he prom~szory note sc.ured Fereby, mertgagor covenants
and agre:: to pay to marrg-.gre :tiirR eaci: ~:~cn~F' ~;:~y: -.e~~~ an au•i;conat su^~ esti^'.atecl h~ mortc~agee to be equai to 1,.' 12 of the ~n~ua1 cost oF the fotlow-
ing: .
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A-Afl reai properl/ tax>s Sevic:: or ass~ss~d a~a~•~s: t}~o aLove d~scri,~-,:d real esta;e. . °
B-Fr~r:~v rs cn.fa.~ ar,d wi:;dstorn; ;rsvr~ccc as iierc;n req_~~r,d to o_ c~rrir-d a~ t4~~ im~;t0r^meats situate on the above d_scribcd premises. ~
C--Pren-:vms on scch «~~r:}:ga.~}~a,acety ir.w~ac:,E as u~~113dC~•~B Sf13ii 'rc~> >-ne :o t~me deem fii to early on !he loan secured hareby. r
hlortgagee s~a'1 f~em !ir.~~ to t;r~;e nc!ify rrortgagor %n v~rit~ng of th~ ~~t~ou ~t d::e ar.d pa•;able hereunder and such sum shalk thereupon be dve and ~
payab!e on the du: date ot ~ne ~~_xt nth:y pay•r.er.i ar,d e.:ch s~ccrssive rn~nth 1f?t_~dT'.CI ur,til mortgagee shall n~tify mortgagor of a chancye in such ;
a~ount. 5vch sums st;a:l f;Q o~F:i+ed b~ rttiort3ay~a~ towar~ ;1:e p~yment of real pr~rer!y taxes, insurancc prem:ums, a~ed mortgage guaranty insurance ;
c
premiuns. - -
i- IN \VITNESS `.YHEREOF, the said h~ORTGAGOR has hereunto set his hanJ and seat the day and year~Lirst . for aid. ~~I - {
- - Signed, Sealed ar.d de?ivered in the preser.ce of: JJ L` ~
- ~r~ -tc-~G _(Seal) ~
- ~ iJ . obert L. Smi ~ cs=aq f
~ - ' t
~--iSaat)
- Matilda A. Sm3th _(~a~)
STAT£ OF F~ORIDA - _ ~
~ ~ St. Lu~ie _ ~ ss. -
COUNTY OF ~ ~ - ~
Befere me ~,ersunaify appFZred ~~~rt J~. 5~~~;_ and
~tati1C~a~ P*__5291t}t _ _ his wile, to me we1( kno~vn and kna•,vn to.me to t~e
th. individua's CJCSCri~~~U ;n ar,d ~vno executed The iorego]r.g instrument, and acknondedgcd bet~re me t6at they executed the ssme for the purposes
, therein express~d. And the s~;a Matilda P. SIn].t~l " ' ~ !
v~ife of the sasd _ R~bQrt L• S1IIith - - ~ , upon a separate and private _
exam~nation by n~e taken srparat~ and apart from her sa~d husband, acknow~edged to and before . e ihat she executed said instroment free{y and volun- _ _
larity ar.d v~~thout any compu!tion, constraint, apprehen ' n, o~r ~fear ef or from her said husband. - ~ *
V~IlNESS my hand ar.d otfiual saal this---~1y3d~~_- day f ~ ~y p[. i9- 7~ ;
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. ~ - Nctary Public in and ~ot the St of flor" t Ldrge .
- " - ' ' : R1y Commission expires: ~~i ~ ,~-.A~,1 ` _ -
- Retum To: r~~ "f " ' -
First federal Savin~s L loan Associat;on • • ' t
b4 Eor: F:etc~. F~LEO .'.kn •?t4(~t'.DEU , : - . -
_ Si.~UC~C ~;~uhTY FIA. =7
~ Fort Pierce. F;erid3 . ~:~r:~'. 3'+t?aS ~ ~ ~ .
- - r,c^~rf:~"~- ;'-..=:~-p -~~'i1R7 . - - i.
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+pu 7 l/ ~
This Instrur?~e~nt Prepared By Ga,Y y F. ~llwood M~Y t Z .11 34 1 Ti 1~ . ~
- First Federal Savin s 8~ Loan Association /(j~
of Fort Pierce , Florida 33450 , ~
Checved 8y~~~/' _
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