HomeMy WebLinkAbout1373 3. To placr and tonHnu~+~s~ j ke~p on the ~ui!dinys n~w ar here~f.rr ~d.•ate en si~d IriiJ and on ail :qvip~-ien1 a~tid personatiy covered by this morlq•
e7e, with al) ptrmii mf Ihereon ~a:J in fuil, hrc insu~ance in th1 ~s~~l sra~rJa:d ~w~ky form, in e suni appro.eJ by tha A'.ORfGAGEi, ~~~d winds~omti
insurancn in ~he uu~al s~andard pol~cy form, in a aurn approved 6y ~ha h1URTGAG'_E, in si~ch company or con~panies as ~he MORTGAGEE ma~ . •
' dirett; and all firr, and .~indstorm insurante policias on a~iy at s~id kwild,ngs, any inte~ast Ihcrein or pail theteol, in Ihe ag~~rgat~ sum e(oresaid or
(n exteis ihereof, s1uN cqntain Ihr usual e~andard mortg~geo c~ause or ~~ch o~her cieusr es Ihe A1crt~agee ~nay ~equ~ra, maAing tha lois unJer se~d po~i- "
' cies, each and every, payab!u to taid Ai~RiGAGCE as nx irit~r~st ~~~ay appear, a~~d each acd every such poiicy eh3ll hr pramptly asi gned i~~d delivered ta
any held by sa~d ~10R~G.AGic as (urihcr setwity to S3id n~~rtaage debt, ar.d, not less tl,an len (10) days in advance oF ;ha expirat~on of eech pol~cy, to de-
liver to said ~10ATGAGtE a r~nev~oi thereof, toyethet with a rece~pt (or thr pn~nium of such rene.tivl; and it~erH sF,all be no Gre or wi~~dstorm insurance
placed on any of said bu:ldings, any interesl there~n or par~ ther~of, unlesz in ~hr ionn ar•d wi+h ihc losa payable as a(orrvid; and ~n Ihe' eveN 0ny sum
of ineney become% payable undrr such potity or pot+cias »id h10RTGAGEE shall ha~e ~he o, t:on to reteive and apply the same on aaounl ol thr i~~drbted•
nass Secured herpby or to ,~eroiil said h10RTGAGOR$ to rr.ceiva' and use it or an~ ~~art thareo( for oti~~•r ~,urposcs, w~~l:out ih_•~i,r ~vaiv~+~~ at unpi~r- ' ~
ing any equ~fy, lie~ or ri9h! under or by viriue of this mo:tgagc; and in ~h~ event s~:d A1U~TGtiGORS shall fer any rcason fail to keep the sa~J premisas so , ~
inwred, or fa~f to delivcr ;>ron.ptly any of s~id polides of insurance ta sa~d MORIGAGCE, or fa+l promptly to pay fully any premium thereior or in any ± f{~
tespztt faii ~o p~rform, dls:harge, exec~ta, ef(ect, comp'e~e, com~fy w~ih and ab~de by ih~s covenant, or any parl hrreof, said MGRT;,>GEE may plece and ~
pay for such i~~ivr~nce or any part Ihereof wiihouf waiving or aifecting any of~tien, (ien, equ~~y, or right und~r or by virtue of this Morlgage, and the ~
full aniount ot each and erary such ~ayment s~~all 6e immediately due and payab!r and shatl bear interest from 1h~ date th,;reof until pa~d al ~ha rate of
nine per cen:u:n per annu.n and togelher «•itl~ s~ih int.ro3t shj:i be sc~~red by 1he lien oi this mottgaga.
A, To permit, co:nmif or suHcr no was~~, impa~rmenT or deterioretio~ ef s~id prope~ty or any part Ihereof. t
5. To pay alt and singutar tt~e costs, charges and expenses, in:luding a reasonable at'arney's fe3 and costs of abstracts o( title, incurrtd or paid at 1
any time by said /dORfGAG'E, because or in the event of th: ~a;lure on thz part of the said MORTGAGQR to duly, pron~ptly and Fully p~rform, d~scharoe.
~ execvte, effec4 cumplete, canply ~v~th and ab:Je by e~ch and every ~he s~ipu!a~~ons, agre^ments, cond~tions, ar.d covenants of said ~raniisory note and thi~
mortgage any o~ ei~her, and s~~d costs, chary~s and exper,ses, each and every, shall be immediately due and payab!e; whether or not thsr~ b~e notice dr !
mand, attempt ta callect er suit pand~n~; a~zd the full amouM of ea<h and e~~ery such payment shali bear iNCrest from the date thereof until paid at Ihe
rate of nine ~'rer c2Mum pcr annu:~i; ~nd au said ccsts, chjrc~~s and ca~:rnses ~rxv:red or paid, togelh~r ~wtF svch interest, shall be setured by the lia~ of this ~
mortgage. • -
6. That (a) in the event of any breach oi this 1~4orfgage or defauit on th> par~ cf the A'.ORTGAGOR, or {b) in the event any of said i~ms of money ;
herein referred to bo nol prompNy and fully paid w~~t~i~~ ~n~rty (30) days next aT~er the same severa!1y hecome due and payable, v+iihout demand or notice,
o~ (c) in tha event each and every the stipulaiions, aareeme~its, conditions and covenants of sa:d promissory note and th~s mortgage any or e~ther ara not -
~uty; premptly and fully periorm?d, d,scharg~d, ezewred, effected, comp;eted, con~pl:ed tivi~h and at~ded 5y, then in eithet ot any sv.h event the said ag•
- gregate sum mzntioned in said Fror~Zsorq note then ren~ain:ng vnpaid, ~v+th interes~ acc:ued, ond afl moneys secured heteby, shalt betome due and pay
able forthwilh, or Ihereatter, at IFk, option oi ssid h1QRiGAGEE, as fviiy a~xJ comu:etely as if all of tf~e said sums of money were original~y st~putated
to be pa:d on such day, anythi~~~ in sa:d ~:ro:n;ssory-note or in Ih~s Mortgag? to the conr.ary not.vi~hstanding; and ~hereupon ot Ihereaher at the option of ~
said 1~10RTGAGEE, withoul notice oi deman~i, suit al law or in equity, Iherefere or ther-rafter begun, may be prosecuted as if all m~neys setured hereby ~
- hjd matured pnor ta ~ts institution.
7. That i~ the evc~~~ that at the beginn~ng of or a~ any time pending any Su~t u~on th~s 1t.ortgage, or to foredose it, or to retorm it, or to e~force ~
paymero of any c!aims hereurider, said ~ti1pRTGAGEE sha~i app;y to the Court hav;ng ,~r~sd ction ~hereol ior thz appoiMazent of a Receivc~, such Court shall
forth~vith appoint a receiv~r of ssid mortg~ged proparty ufl and sifsgular, in:lvd:ng att and s~ngulrr tl:e income, prof~ts, issues an~i revenues from whateve~ .
soUrce deritied, eack anu evzry of .vh:ch, it beir.g eipress;y unders~cod, is Fereby mo~tgr.ge.i as if spe:~fical?y set torth and destribed in th? granting and !
Fubendum clavses hereof, and svch ReceiJer shail have all the broad ar.d e~fctuve fur.ct.o,~s and po•.~ers in anyw~se enlrusted by a Co~rt to a Re4eiver, ar.d 3
such appointment shall be mad~ by such Coutt as an admiited ecivity and a m3her of abscl,~te r:ght ~o said ~.1QRTGAGEE, and wifhout re(erence to the ~
adeqvacy or inadeqwcy of the va~ue ot sfie property mor!gaged o• to tt:e sa~e:ticy er ~nsoivency of sa~d JJ10RiGAGOR or the defendants, and that such f
rents, ptofits, income, issves and revenUCS sha~l be apptied by such Receiver ac:urding to the lien or equit~ of said MORTGAGEE and Ihe practice of such
CourL - . , _
8. To du!y, promptly ar.d f~fly periorrn, d~scharge, execule, effect, comp~ele, compiy with and _ab;de by each and every the stipulations, agreements,
tonditions and covenants in said promissory ~~otz ard th;s ~nottgag~ set torth. -
9. T'r:at in !he event the owne:ship ot the p~.~.ttgbGed p:ern~ses, or any part. thereof, bacomes vested in a person other than the MORTGAGOR, ihe • ?
MORTGAGEE, t~s successers and assi?ns, r.~ay, v,ithout r.cffce ro tne ?:.OF,TGAOR, deal w~th such~,30ccessor or svccesso~ in interest with reference to this '
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mGrigdgB ar~o Ihe d~of her,:t~y securzd in th_ same mar. ;~•t as :.~fh A!ortga~o; w~~hout in any w~y viliating or d~stharging the hlortgagors' liabi!ity hete-
under er upo~ fhe debt i:ereby srcured. No sa!~ or ff e F-:ernises hereby n~u~tgsqed and no for6eara~ce on the part of the /.10RiGAGEE or its suctessors
or assi3ns and no estens;on of !hE fi~n>_ {o, the payment of the deLv hereby sec~red given by the AIGRTGAGEE or its suctessors or ass+gns, ahall operate ;
to retesse, d,s<har3e, mccflfy chany.± or alfect the o:ig~na! liau:hty of !he N,ORIGAGOR herr.n, either in whole or in part. -
- 10. lt is spec~ficaily ~areed that' time is of Ihe esserue of this contract and that no waivar of any obligation fie?euader o: of the ob3igation se- :
cured hateby sfia!I at any time thereafter be hefd to be a v:aiver of the terms hereof or of the i~istrument secured herby. - - `
11. In aud~tio~ to fi,~ fo:ego~ng mor;th!y Haymants of p~inc'n~I ar.d inr~rest reqv~red b~ the promis>ory no!e sotured hereby, mortgagor covenants ~
• and agrees te pay to rr.o:tgaac•~ wi`h-ea-_h m~r~th y pa~~r.ent an zdd[~~ona! svm es!imated by mcrtgagee ta bz eq~ai to l; 12 of the annual eost of the fo~low-
ing: , ~
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- - A-A!I real property f37l23 fevi=:: o~ asse;sed agai•:st rF:c a`:ove desv~~rd real es~ate. . " .
' E--Fr^;;:;v~ ~s en fire and v:i::dstorn~ insura~:ta a> F.~vein reqo'red to be car~ied en th•a irn~rovements siwate on th~ above d~scribed premises.
C-Premiums on such mortgag~ ouarar.ty irsurar,ce as mortgagee shail from t:me t~ rtne deeM fit to carry on ihe toan secured hereby. _ ~
hlortgagee sha?i from tima !o ti~~:e nctify n:artgagcr in wr~t~r.g of !he ar.:oont due and peyabte here~ndzt and such sum shall thereupon be dve and
payab!e o:~ rhe d3n dat~ of tFe ne:t mo~th:y payment an3 e~ch w.cessive mo~th thercaiter ur.lil mortgagee shall notify mortgagor of -a change in such ~
. amount. $vch sun,s sh.a!1 ue apj~=ied 'ey morrgagee ~o.vard the payment ot real prepeny taxes, insura te prem:~ms, and mortgage guaranty insurance
premi~ms. _ ~
ftd lVITNESS +YHEREOF, the said .YfJRiGi-.GOR has hereur,to aet his hand and seal the day y ar first a said:
. Signed, Sealed and defivered in the presence of: ~ _
- - - - - fllE~ •HC~ a~COROED , ~ :
$Y_ tUCiE Ct~L•NTY FLA. ` (Sea!) .
, :~,,~TRAS ` . . Gool `
- - ~I~:,-. ~Sean
- - CLEHK Cs?~:U1T COURT 1, a~~
- Rc~;~F_~ vE~~~iEt~ ~icy'.R . Qlsby ;
- (Seal) i
STATE OF FLORI 13 ~ r17 PN'~y , ~ - :
COUNTY OF St. Lucie ~ ~ i
Beforr me personaiiy appeared R. De GoOlSby and
- C'~~~~ hiz vrife, to mz .vell knov:n and known to me to be i
the individuais deacrib~d i~ and who exec~ted tht foregoing instrunent, and acknow~edged before me that they executed the same fo~ the purp~ses 4
i there;n expressed. And the s3:d_ Luey R~ GOO~ Rby. ;
~ wife of the said ' Gao15}J
~ Y ~ upon a separote and private
exam~nat~on by me taken separate and apart from her said husband, scknewtedged to and before me that shA executed. said inttrument freely and votun-
- lari~ and w~thOUi an Com uSsion, con5traint, a;. ~
i y y p ^prehens~ ~fear oE or from her said husband.
_ ~YITNESS my hand and off~ciaf seat this ~v day of _ Ma A. O. 19~~ -
' Notary Public ' a for the Stbte of Fiorida at large
' , Rty Commissi expires: Notary Fub'.i:, St~t~ of Fhr;d? af larg9
- ' Refurn io: ~
first Fedete! Savings 8 Loan Assoceat:on _ j~y GO~""~i'=~an f'}ir.s J~•,~ 22~ ~9~~ ~
. Of Fort Piercn. - ~°~'d by ~•scricc~ F:c 8 Cuiu~lsy :p, '
' Fbri Pierce, flerida - ~
. . - _ _t. ~
- _ - - ~'}},~i cy .
- _ ' .~_~-tt'~`~~~"l~~il~ii~~~c}: "
- Y '.n.~ti..~~t'~;,_ {
This Instrument Prepared By GaYy F. Bllwood ' . ,'s;r,~{
First Federal Sa~~ings 8~ loan Assotiation '`~',~L t;~
~
- of Fort Pierce ~ F~oi ida 33450 L' . r~-'
~y g~fl~239 P.~~E137 - ~.:,~;o ~ ~
F~r ~ 'C ~ j ~
Checked By L~ .~:.•Q . ~
~ ± ;Y'Lt;~~i ai; _
, _
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