HomeMy WebLinkAbout1511 3. To platz and cvntinuously .le~p on the bui!dir,,;s no.v or herra:ter eituata on »~J land and on all eyuipmem and personolly covcreJ by Ihis martg• ,
ege, tvirf~ al! premi~;r,s lhcreon pa~d in I~!!, tire ins~rancc +n the uswl standard ~.wtity (orm, in a sum approvad by Ihe MOR~GAGEE, ~~:J wind~to~m t
insuronce in ~ha uwal s~anJard pol:cy iorm, in a eum approved by 1he A10RTGAGCE, in such tomuany or companies es the AtORTGAGFE may
dire<~; anJ all lire and winJstorm insvrance policies on any of a~id Fwild~n~s, eny iMerest there~~i or parf lhareoF, in Ihe ag~repate Lum alo~esr~~ ~y '
(n exczss th~reof, shall cont~in the usual standard ~~ort9~gee dause or such other dausa as Ihe h1~rt~anee may requi~e, ma~ing the Iess ~inJrr sa~d poli•
' cies, each and every, payable to said 110RfGAGEf. as its int~r.st mdy appeai, and cach and every s~ch p,!i:y shaq be prO~np?ly aSSg~~ed and deiivered ~o
any hald by sa~d r10R1GAGEE as f~rihar s_~c~rity to said mongage debt, a~sd, ~ot less ~han ten (10) days i~ aiv.~n.e of Ihe eap~~ation of erch policy, to da-
liver to said A10RTGAGfc ~ renetival lhereaf,_`ogether vcith a receipt for ~he pre~nium oi wch rene.val; and Ik~re shall be no f~re or windsrorm insurance
plated on any oi said buildin3s, Any inte~est thercin or par~ thereof, unless in ~he tonn and ;vi~h tha iuse payable as a(oresaid; a~d in the event any sum +
of money Eecomes payable unde~ such po!icy o~ pol~cies sa~d tiIORTGAGEE shall have the opt]on to receive and apply tha same on accounl of the indebted• i
~ess securad hcreby or to pcnnit said 1hOR(GA!'iORS to tecaiv~ and use it or ~ny ;~.~rt ~he:~of for oth~v pur~~oses, v~~thou~ ~h_~e~~; ~va~v~~~q o~ m~P~~'- .
infl any equity, lian oi rigt~t undar or by virwe of this mo::gagc; and in the event sa'd b10R1GAGORS shaU for any reason fail to keep the sa~d premisas so i~, , }
insurcd, or fail to de~ivcr promptly any o( sa:d polities ol insurantc Iu sj~d hIC1RirAGEE, or fail promptly to pay f~lly any prem~um thereior or in any
respect (aif ~o pe~forny d~scharge, execvt~, etfec4 complete, couip~y wi;h and ab~ue by thls cove~~anl, or any part he?eof, said NIORTGAGEE may pl~ce and +
pay for suth insvrante or any part tharcof •.vithout ~vaiving or alfecting any option lien, equity, or riol~t under or by vi~lue of this Nor?gage, and the
(ull amovn~ o! each ancl every S~th paym~nt shall be ivi~r.ediately due and ~yab'e and shall baar iMC~est irom tha date therecf until pa~d at the ?are o1 ~
ninE- pet tenfum per annum ar.d to~_Ihcr with suth intares~ shall b•~ securc:l !~y the li>r, oi tF.~s mor~9ag~.
d. To permit, commit or suf(er no wasre; impairmenf or deterloration of saEd property or any pari thereoF. ~ ~
5. To pay ail and singular tha cosfs, charges and expe~~ses, inclvding a reasonabla attorneY's fee and costs oF abttracts ot tit~s, incurred or pnid al
any time by safd ~1!ORIGAGEE, because or En ~he evam oi ihe ia~iure on the part oF ~he sa~d h50RiGAGOR to duty, promptly and i~liy p~rform, d~scharge,
execute, effec~, complete, compl~ w~th and ab:da by each and every the st~pvlations, ayrecments, conditions, and covenanis of said promiisory note and thi~ -
mortgage any or e~~h~:, and sa:d coits, charges ~3nd expenses, each and eve:y, shail be immediately due and payable; whelher or not thare ba notice d~
mand, atte~~~pt to collett or suit pending;.and the fu!I amoun! of ~ach and every such ~ayment shall 6ear interest irom Ihe date thereof ~nlil paid at the
- rate of nine n^r cen!u~n per annu:,r, and a11 sa~d cos~s, <t~arges a:id expenses uxurred or pa+J, ~ogeth~t ~v~th s~~ch ir.terest, shatl be secured by tho lien of thls
mortgage. _ _
- b..That (a) in the event of any breach of this 1.'lorfgage ur defaulc on ihr part e( thc N:ORTGAGOR, o~ tb) in the event any of sa:d svms oi money
herein referred to be no1 promptly and lully paid within Ihuty (30) days next aftcr the same severally 6ecome due and payable, wiihout demand or notite,
or (c) in tha evero each ar.d every the stipulalions, agreeme~~ts, cond~tions and covenants of sa;u promissory note and Ihls mortgagt any or e~thQr are not
~u1y, promptly and fully performeu, efschargeJ, execut~d, eftecteJ, completed, com.pf~ed with and a~.idcK! ~y, then in e~ther or any svch evenl the said ag-
gre9ate sum mentioned in said promissory note then rema~n+ng unpaid, v~ith interest a:crued, and ail moneys srcured hereby, shall tacomo due and pay
able forlhwith, or Ihereaftrr, af thr opti~n of said A10RTGAGEE, aa fully and comp!rtely as i{ all o~ thc said sums of' money were oric~inally sNpu!ated
to be pa:d on such day, anythin3 in sa:d pro~n~uory not~ cr in this T.1ur~gagc ro tne con~rary «oh.l~thstanding; and thereupon or thereafter at the option of
said MORTGaGEE, ~ti•itnaut notice or demand, suit at !aw or :n equity, therefurc or tt~rre3fter begun, may be prosecuted as if all moneys secured hereby
had matured pr+or to ils institvt~ort. ~
7 That in the event tf~s! ~t th•: bPginn~ng of er at any ti~ne pending any suet u~on tiiis hloHgage, ar to torec+ose il, or to reform il, or to enforce
- payment of any c~ ms Fe~eurder, said h1pRiGr:Gc~ shail opply te Ihe CoLrt hav:rg jurisd~ction th~reof (or the appo~ntment oi a Receiver, sucti Co~r1 shall
forth~vith apj~oent ~~fCE:=•@f 6f s:id r.:ar;gay~d prcp:~ty ail and singular, inc'ud,ng ali and s~ngular ~he ii:tome, profits, issuei and revenues from whatever
se~rce dcriveJ, ea, ~ and ev:ry of .,ii:cF~, it L:ing t-tF~ress~y unders:ood, ~s f~e:rby n~crtgaged as.if specificatly set (orth and described in the g~aniing and
_ habe~dum dauses hercof, ;nd s~~ch Recci.~er shnli h~ve ail the broad and e'fc-cr;:e fw:c:,c~~s and por,ers ip anyw~se ent~ustzd by a Cour1 to a Recaiver, and
such appoiNment shall be m~de b/ such C.~urt as an admitted equity and a r.~atte~ of rbsolule riyht to said MORTGAGEE, and without 're(erence to the
adeqwcy or inadrquacy of the vafuc of the prop~rty mortc~aged or fo the sotve~~cy or +nsolvency o( said MORTGAGOR o~ Ihe de(endants, and that such
rems, profits, income, issues and revenuas shalt be applied by such Receiver a:ioro:i;g io the (ien or equity of sa~d h10RTGAGEE and the practice of suctt
Courr. .
' B. To duly, promF.t:y a~d fully perform, discharge, execute, effect, complerc, cca,pty H•i~h and abide by each and every the stipulaiions, agreemenfs,
eonditions and covenants fn sa~d prom~ssory note ar.d ~h~s mertgage set forth. ~ -
9. That in the event the ownersh~p ef the mortgaged premis~s, cr any part tnereot, becomes vested in a pe~son other than ihe MORTGAGOR, the _
' A50RTGAGEE, its wccessors ond ass~gns, r.,ay, w~thout not~ce to Ihe 1'.10RTG~OR, desi wiih wch successor or. successor in iMerest with reterence to this
mortgage ~nd the debt hereby secured in the SamClnannC~ as ~vith h!orrgagor w~thout in any ~vay vil;ating or d~scharging the Mortgagors' liability- here-
under or ~pon th~ J~ti here6y sewred. N~ sa'.e ef t6_ prernises hereby morrgaged ar.d no Iwbearencr on ihs part of tke /.50RiGAGEE or its wccessors
~ or assigns and no extens~~n of thr :;n;e for the payment of the debl hsreby secured grven by the l~AORTGAGEf or ~ts sutcessors or assigns, a5a11 operate
to relcase, d~scharge, mod~fy c~~at:9e or affect the orig~nsi liobiliry oi the ~.••ORIGAGOR he~ein, eitner in vihole or in part.
10. It is spec~fically ag+eed ~ha+ tfine is of i6e esse~ce of th;s contraa and that no waiver of any obligat~on hereunder or of 1he obligaNan sr
cured hareby shail at an~ tin;e th~realter b> h=!d te b~ a v~aiver oi th~ lerms hereot or of _the instrument secured herby. _
, ' 11. tn acid tio~ to s!~e fo:e3o'n3-montt;!y p~r:r.:'~nts of q;ri :c~~ a~ ar,d int<res! requ~red by the promiszory note secu~ed hereby, mort~agar covenants
and agr~es ro aay to ~=~ortg?g~'c' v:ith each <<onth'y ;:aJ~ :ent an a~d;rio~>>I sum es~~~:ated b~ rnorrgagee to be equal to 1; 12 oi the an~uai cost of the follow-
~~4. '
A-Ait re~l ~.rope:ty taxes 'evied or ass_s~_ri .~gai•~sf fi:e ai.~.•e d_svived r_~I es!atc. ,
6-Pr~:n:u~~s e~ fire ar.d .vir.cstor~n ;+~;u-a-c_~ h=~ein requ;~^d 1o be carried on t}~c :mproveme~ts s~tua!e on the above des,•ibed premises.
C-Premi~~ns cn ;vch m~rt•,-,agz guaranty i~sura~:ce as mo'tgayee sh3;l fre:r. t'me to timc dce:n (it to carry on the loan setured he~eL~r.
• ?.'.orlgagee sha'i from timr to t~r.-e not;fy ~~ortyag:.~r in v.riting of th_> a:~:oont d,~ and payab~e herevndar and suth sv~i shall thereupon be due and ~
_ cayab!e on th_ d~e ua~a of th~ r.~xt r:,onti:.y payr.:ent and each succ~ssive nonth thc:eafter vr~til mortgagee shalt notify mortgagor of a change in such
amovnt. Such sums shai! be applied 'uy ~r,ortgagee to::ard th~ payment of reat property taxes, insi~ranc~ prem;~ms, and rrorlgage guaranty ir.svtance ,
_ pr~m~ums. . _
IN 1Y1TC:ESS 'NHERiQf, the sa:d M,ORiGAGOR has hereumo set h~s har.d and seal the day a year first aforesaid. ' `
- Signed, Sealed and f?ivered in tne presence of: ~ / 1%~G~ ~
/ s~i~~f`_d`~h ~[~C%.t7i~t~ G~ i/ C :
~'f-~~J~~~. :::t~~~iT~ _ Seaf) ~
? , ~ ~'l~_ . ~F:r:.`~: :~~.•RAS l ; A ert t~'. G (Seal)
. - ~~[~:r. ;j.~~T ~o~ :
- ffF~:}~. ~r~~:~~ ~ ~ {$eal) _ ,
lla G, ore ~
~ - (Seal) '
- STATE OF FLORIDA . ~}ii4~ ~
St . Lucie ~ S'' -
COUl9TY OF 1 _ ~QQ(~~~
° AlUert t4. Gore ~~L~
- Bafore me peno ~aif f appezred _ ~ and
E I lc"1 G~
GoTC - his wife, to me ~ti~ell known and knovm to me to be
- fhe ind~vidua's desc~i~ed ~n and v:ho ex:~u!ed th: foregeing instrument, and ackno~h~:edged b~fere me thal they executed th~ same tor the purposes ~
therein expressed. And.the ssid_ ~jla Ci. CiOTC' ~
o v+ife of the said Albert Sl~. GOZe _ - ~
vpon a separate and private
exam~nat~on by me taAen s~parate and apart from her saSd hushand; acknoviledged to and befo~e me fhat she Qxxutad said instrument freely and vo!un- . -
larily and wlthovt any comp~lsion, con~traim, appre ension, or fear of ur frem her said husbrnd.
r - -
~ Y/ITNESS my hand and off~c~al seal this__~~~~ day of ~ A. D. 1975 .
~ ~ . ~ -
- i ' • .
~ - % Nntary PuSiic in• and fo the Stat of Floride at targe
~ h1y Commissian expir . ( ~
Return To: ~F~'E~.. ~
1
Fint Fed~ral Savings 8 loan Ass•xiat;oe _ _ !
Of For~ P-e:ee. - ~
fwf Pierte, Flerida ~ ~
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' ~ ~ 1 S 1.-~ I - 1
_ - - - ~ . • _ ' {~'~~~~t'~ J i~ a _ : ~
~ ~i "e~~f~{'~ r~~~" 4-' ~ ~ w
This Instrument Prepared By John t+'. Collins ti~ ~
First Federaf Savings 8~ Loar~ Association ~~r's , ; `~C, , ~
- ~ ~
. of Fort Pierce , F lor i da ~ t~f
. ~lG„%~;; ~
° R 23~ 1 ~ ~ ~ ~
~~s{~- Y~ 4 ~
P11GE ~08 F f
- Checked BY 1° - "BOOK ~'~ra~
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