HomeMy WebLinkAbout1525 3. To rlace and tontinuously keep un ths bui?d~~igs no:v or hrrralter siti~ata ar~ sa~.1 ~and and an al~ cqu]p~neM and personetl~ co~er<<I 6y this marle~•
ege. with all premiums lh~reon p~~J in full, (ite ins~rence in ti~e usa~~ S~a~~d~rd ~wlicy (orm, in a sunt aF:proved br iha MOR)GAGEE, and winds~orm
insurancr in tha us~a~ stanciard po~icy fonp, in a wm appro~~td by ihe h10~TG~GEE, in such con~pany u; co~»pan~es as 1ha h10RiGAGEE may _
dirtct; and aU (ire and w~~dstorm insurance pof~t+es on any of s~id ~~i'd~nc~s, any Inte~es~ thcrei~i or par~ ~heteot, i~ Ihe aggregate ~um afo~esaid or
in excess thrreof, s~:aU coniain the ~swi sta»dard inor!9agea c~ause ~r such other c~~uso as tha hlortga~ee may require, maki~zg U~a loss under s.~iJ poli-
cies, each and every, payabte to sa~J .~1~RTGAGEE ~s i~s inter.st may appear, and each and rvery such po~icy sha~l ba promptly ass9ned and deiive~ed to .
ar.y hetd by said AIORIGAGEE as furihe~ s^curity ;o sa~d mortgaqe deoi, and, no1 less than ten (t0) d~ys in ad+ance o( the expiratlon of each Folicy, Io de-
liver t~ said h10RfGAGEE a rene~xal thereaf, Ioge~h:r ~vith a receipt for thc prrmium oi such renrt~val; anu there sh~ll ba no fire or v.in~isto~m ir,surance ,
' placed on any ot said b~ild~ngs, any inferest Iherein or part thereof, vnlesi in the fonn anJ wi~h Ihe loss payable as afores~id; and in ~i~e evenl any sum
of money becomes payable unJtr such policy or poGcief said h10RTGAGEE shaU hnve iho optfon to receive and apply the s~mr on accoonl of ihe indabted•
ness sCCUred herBby c~r to pcrmif Said ?.tORiGAGORS to rotdivc and use it or any p:~4 1l~r:eof fur pther pu~pcsti, o:iih0ut th~~ii~/ waivin~ cr i~npair-
ing any equ3ty, lian or ri9ht under o~ by virtue of Ih~s mo::gage; and in ?he event sald ('.IpR1GACORS shalt for any reason fail to k~ep Ihe said premises so
ins~rcd, or (ail to detivcr pro~npily dny ef said pc+litics of insurarco ~a~d MORTGf?GEE, or fail ~~romptly fo pay iully an~ pren~ium Ihereior or in any t/''
tespeu fail to perform, discharge, execute, e((ect, com~~lete, comply wi~h and abide by Ih:s covc~~ani, or any part hrreo(, said MORTGAGEE may place and .
pay for ;uch insurance o~ any parl thercof w~thout w~rivinc~ or affeding any option, lien, equ:ty, ~r righl under or by virtue o( this hlorlga~e, and 1he '
full amo~nt of ea:h and every such paymrnt shall be immcd~atety d~Q and payab!e and shatl bear inte~est from tho data lhereof unii{ paid al the rate ol -
nine ~er centu~n per ar.m,m and to~.thcr ~~~~th suti~ intcrest shail be sewred by Ihe I;en of th~a mortgaye.
d. To permit, commit or w(ter no ~vaste, impairment or deteriora!ion of said properly or any parl thercoF. _
5. To pay ail and zingular the cests, charges and expenses, including a reasonable atlorney's fee and costs o( a6strads of title, incurred or paid al
8~y time by sa~d A!QRIGAGEE, becausa or in th~ e~en~ of th: ia:lure on Sh2 part of iha sa~d h10RTGAGOR to d~ly, promptty and fully per(orm, d~scharge.
exec~te, eftett, complrte, com.ply with and ab:dr by each and every ihe s~~pulahons, agriements, conditions, and covenaNS of said promissory note and this
mortgage any or either, and sa:d costs, charges and expens~s, each and every, sha{1 br immediately d~e and payable; whether or not there be notice dr
mand, attempt to col(ed or suit pending; and the full amounl of eath and every such payment shall bear interesl from the date tfiereof vntil paid at 1he
rate of n;n_ Her crnt~•u per annv:n; and all said cos~s, cha~ges and expr:~zes ir~urred or paid, together ~vith suth interest, shall be secured by the lien of th~f _
mortgage. • :
6. That (a) in tha event oi any breach of tfiis ~5lortgage or defau~t on iF~r.part of the MORTGnGQR, or {b) in the event sny of sa~d svms of money -
hetein refe~red lo be not promptly and fu'.ly paid ~vithin th;rty l3J) -d~ys nexl aiter ihe same sev8ra!!y become due and payable, without demand o~ notice,
or (c) in fhr ev~nt each and every the st~puiations, agrcements, [ondilion5 and covenants of said promissory rtote and th~s morigage any or either are not
~uly, orompUy a~d fully perfurmed, d schargad, e~eu~ed. eI(ecred, comp~etecl, tompGed wi~h ard ab~ded 5y, then in e~~her or aay suc}~ event ~he said ag~
g~egata sum mentioned in said promissory note then re~naining unpaid, with interes? accrued, and al~ moneys secured hereby, shall become due a~d pay
a5!e forihwith, or ihereafter, at the opr;on ci sa3d AIORTGAGfE, as fully and comp!etety as i( all o( the said sums of money were originally st~p~tated
to be paid on such day, anyth~ng ~n z~:ci promizsory notr or in ~his N~~r~gag ~ to ~he co~~tra~y no~v~ithstanding; and therevpon or thcrealter at the optlon of -
sa;d-~.10RTGAGEE, witnout notice or den,and, s::~t a~ la~: or in equ~ty, therefore or thereaf~er begun, may 6e prosecuted as if a!f moneys secured hereby
had mature.~ pr~or to its insti~ution. - , -
7. That ;n tha evenf th~t at the beyinn:~~g cJ or at any time pe+sdir,g an~• Suit up~n th;s Rlortaac~e, a~ to fcre:lose it, or to reform it, or to enforce -
payment of ar.y cla;ms hereu~~der, s:~:d r't.OQiGAGcE shall af:~ Ey !o th> Court having j~risd;ction tl;ereoi for Ihe appainnnent of a Rece+verj svch Court shaU
forthwith appoint a receiver of s>;d ir.ertgaged p;c;>c•ty al~ an~ sir:~u!ar, inc;ud.~~y ~1l and s~~~9utar Ihe income, profi+s, issues ar.d revenues froin whatzver
:ourte derived, e.=.ch and every of v.h:c'~, i!.Lc~ng ev}%r~ssiy vnd_:stood, is hereuy n:orrgagcd as if speuficalfy set forth and described in Ihe granting and
habendum clauses hereaf, and sv:h Rece~vec sh3!i hivr ail th_ bread and effectrce fur.c:'ons and powers in any~vise em~usted by a tourt to a Receiver, and
such appointmenl ;halt be mzde by such Cou~t as an adn,=ltrd equity and a~rStter oi absolute ~~ght to said MORTGAGEE, ano without reference to the
tdequacy o+ inadequacy of the value of tha prep~rty mor~geged or to the so~vency o: insolventy O~ said N~ORTGAGOR w fhe defendants, and that such
renn, pro(rts, income, iisves and revanu.~s snall he app~:ed by such Receiver ac.ord(ng tu the lien or equity of said MORTGAGEE and 1he practice of such
Court. _ . . '
~ 8. To du'y, prompNy and fully ~eiform,-d~scharge, execu~e, effeci, comptete, cot:~ol~ ~vith and abide by each and every the slip~lalions, agreements,
cor.ditions and covenants in sa+d pr4missory r~Tc anJ ihs mcrtgagc set forth. - ' .
. 9. That in the eveM the o•+~nersh~p of the mor!gaycd prem;ses, ur any p3r~ ih~reaF, Eecomes vested in a person o~her than the 1AORTGAGOR, the
MORTGAGEE: irs successors anJ ass~3ns, may, ~vi~hout r•c~~ce to ehe :t'.ORTGAOR, <1ce1 tivith su:h successar or successor in interest with r.fere~ce to th~s
' mo~tgage ar.d ~he debl hereby s=c~red in iF,e sa~nz r.~anr.er as •xrth !Aortgagor vvithout in any rvay vitiating or discharging the Mor~gagors' liability here-
onder or Lpcn the deot hereb~r secvred. No sa".e of the Fre~t'ises hereby mortgaged and no forbearance on the part oi the L50RiGAGEE or its w~cessors
or assigns and no exrension-of the ti:re fio~ the payrcent of the debt h>r_by srcureJ given by the 1.SORTGAGEE or its successors ot assigns, ahall operate
re?ease, d~scharge, n,od~4y change or affect the orig~nal Iia~~Gry of fh~ 1.10RTG1\GOR Fere7n, either in whole or in parL -
10. It is soec;ficaGy agreed ~hat time is of the esser.ce ef ih~s contract and that no waiver of any o~~ligation hereunder or of the obligation se-
' tured h~reby sha!i at any tin:e thereajter be he:d to be a~va~ver of 1hc terms hereof or of the icstrumenl secured herby.
^ _ 11_ in ao~:t;c~~ !o th~ (orzgo',g ~~ec ;~h`.y payn,e~ts et princ'pal and in~ rest requ~red by the promisscry- no!e secured hereby, mortgagar eovenants
ar.d a~:~es to pay ro ~nerty~g*e ..~rh each month y F;ay~r,ent ~n add~~i.-:~ai s~m esti^~ated Fiy mortgagee to be equal io i J12 ot thz annual cost of the fo11aN-
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A-All real E;rop:-rty taxez tevi:d or ass_ss^d rg~i•st thc aLo1e d~sc~~bed real~e:tate. -
£-Prea;;v~r.; cn ii:e ard r.~ir.dste•~n ~r•svrarce a> n~rein-rcqu~red to be ca+ric•d en the improvzme~TS s~tuate on the a5ove dascribed premises.
C-Premivn•s on such mortgage .~va•ant•; ir,surar~ce as mo~tyagee shail from t~rr:e to tirne deem fit to ta~ry on ihe Ioan secured hereby. _ :
" !Acrtgagee sha?1 fram riir.e to tin-e nov~fy m~rt~a3or in v~riting of the an:ovnt dve and payable hereundzr and such sua~ shall thcreupon be due.and
payaL!e on th< cl~e ciatr ef the next r.;onthly payment ar.d eacfi sutcessive menth therea:tcr until mcrtge~ee shall notify mortgager of a chzr.ge in such
amevnt. Sucn s~r.r.s sha:I 6r appiied by mortg>~y~e tor:a:d ths payrnent of reaf property taxes, i~surance prem:~ms, and mortgage . g~ararty insurance
~±ren;iums. _ - . _ ~ .
~ IN \YITNESS ':+HFRzOF, tiie said tl~C.rcTGAGOe2 has hereunto se! his fi3nd and seal the day artd year first aforesaid.
I Signyd, Sealed ard dr!'vered the resence of: J''~~.~~~~~ l_ ""'~~ni - 1~-
_ ~7.I.~~iC ~~t•J.gT'~' f;,A. c~eat;
~ _ ~ ` C~J~'=1 ~ ~ Ft~:=~; P::tT5tA5 -DOri S~ N@i.Ca (Seaq
_ ' ~Ci~=~ C; ::;i~?i C(~UR1 {7J~- - '
~ 9Ft:•Qf'4~'~F~; r~«: " ~ ~Sea~
T~ t~.~ ~-~L-s-~
._T_--~ - ' . ~atricia M. Nei n ~~,q
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MAr IS ID 58 b~i'T5
STATE O~ FLORIDA • ~ • . 1
SS.
COUN7Y OF ~~_~__~.et1C1Q 1 ' - -
Betore me persona~iy appeared ~n E• N~°~an _ _ and
-Pc3~1C1c1 Mo-He1Iac"iYl his ~vife, to me ~vell known an~ k.no•.vn to me to be
~the i~d~v~duals desvEbed in ar:d who executed ihe foregoing instrumens, and ackno•x:edged beFore me that they executed the same for the purpo:es
PatYicia M. Neiman i
ISerein expressed. And t~e said~
wife of the said ~1'1 __S, Ne~man ~ ~ upon a separafe ar.d private
I~+ exam~n~t~on by me taqen separate and apart from her said husband, acknowfed~ed tc; and befo~e me that she executed said instrumenf freety and volun-
tarily and w+thout any compu!sion, constraint, apprehans:on, or fear of or fram her said husbartd.
_ ~F~ITNESS my hand and offiual "seal th~s 14th _ day of '~y ` , A. D. 19 7~ ~
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No ary Public in and (or the of Floricia at Largs ;
- ' ` Riy Commission expires: ' / ~ ~ ~ ~ _ F
_ - Retum To: - '
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First fedaraf Savings Z Loan Asse~ial:on • ~
Of Fo:t P[~rce. - - - =i: • ~
~ Fort Pierce. Fiarida _ - -``````1~~~;t1 1l {t'~'s~ r:` ~
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This Inatrum~nt Prepared By Wi113asiee J. ~orbes ~;~i, r~ l`~ e n:d ~.i w
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First FederalSavings 8~ Loan Association 3-~~~~J~~Q~~,~1~
- of Fort Pierce ~ F1o7C3da 33450 , . - f ss: s,,~:. .
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Checked By = - - -
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