HomeMy WebLinkAbout1721 3. To p~ace and continuous~y keep on the bvi!J~r~r~s no:r er hereafter s+tu3te on sa~d land and on al! c~~vi~,me:~t and personally <overed by Ih7s mortg•
ege, wilh all premi~,ns thereon pa~d in ful!, firo insvrance in tha ~sual s~and~~d ~:o!ic~ (onn, in a s~+n a}prvved Uy ihe MURIGAGEE, ar.d winc~3tOrm ~
insurencr in Ihr ~wal s~~ndard polfty {orm, in a wm approved by ii,c~ tA~RTG+~GE~, +n svch ton~pany or compar.ies as tha MORiGi~GEE may ~
direc~; and oU (ira and w~ndstcnn ihwranca poGcies on a~iy of saicf bul'd ::y~, y P::;cra.! ~]:erein or pn~~ th~r~~f, in the aygregate su+n afoiesaid or
in exces~ thr~eaF, shall tontain Ihe usual st~r,d~rJ morlpagc~ cla~s= or such o~her ~I,vse as Ihe ktortga~ee may rtq~;re, maMing Ihe los~ under said poli- ~
eies, each and every, payab',e to said A!t)RIGAGEE as ~ts :n~e~rst may ap~~ar, onJ eacj~ anJ every such pa~cy shai! t~a promNtiy assy~~ed and delivered io
any held by saiJ MORTG~.GEE as fu~ther sec~xity to said mortgage dzbt, anJ, not !ess tl,sn ten (l0) days i~ aJvance of th~ expiralion oF each pat~cy, lo de- }
liver Fo said A10RTGAGfE a~enewal thercof, Icx~e~her .vith a receipt for thr p~r,nivm of svch rane.vat; and Ihere shaU be no (~ro or windsturm insurante 1
pleced on any of said bu~ldings, any imerest therein or pan thercoF, w~!Sss in ~he foin~ snd wiih ~he ?oss payablc as aforesaid; and in the eveM any sum ~
of money becomes payab!e under such policy or poGcins saiJ ~.50RfGAVEl~ thall havo ~ha oF~t~c+~~ tu receive and apply tho same on aauunt o( Ihe indebtrd•
~ess Sccured h~rcby or to permit said 1,10RTGAGOR~ lo recri~e and use it or any p::rl ~hcrcof ior ofhar purf r,ses, v~i~hou! ~h_rcur .vai+in~ ct ~~upair- i
ing any eq~ity, lien.or riyht under a by vi~luc of this mo:;gacJe; and in the evrM said RtORTGAGORS sl~a~l for any reason fail to kcep the said premia~s so : ~
insured, or fail ro delive~ promptly any of said {wlfcies uI insurance to sa:d 1410RIGAGEE, or foil promptly to pay iully any premiucn Iherefor or in any F
respec~ fait to pcrForm, dfscharge, rxecu~e, ef(ecr, complete, co:»ply with and abide by ~h~s covena:it, or any p~rt hereof, said IAURTGAGEE may pf~ce and , '
pay (or suth insuranca or any part there~f withoul waiving or affeclin~ any option, lien, equny, or riahl unJer or by virlue of this Mortc~age, and Ihe ~
(ull amounl ol cach and every svch paym~nt sh~t! 6e im~nediately due a~d ~~•ab~e anJ shall bear int~7est irom tha date thercuf uetil paid at thz ~ate ol ~
. nine per centum per rnnu~n and taaeth;r with w:h intarest shal~ b: s~cured by Ihe lien of ~his mortga~e, i
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~ d. To petmit, cmnmit or sufter no waste, inipairment or deterioration of said p:opcuy or any part thereof. i
~ S. To pny ali and singu!ar the-costs, charges and expenses, induding a reaso»able attomey"s fee and costs of abstratts of title, incurred or paid at ~
any time by s~id h!ORTGAGfE, because o~ in the event oi thc foil~re on tha par~ of the said R10RTGAGOR to duly, promptty and fully perform, d~scharge. j
execute, etfect, cemplete, comply w~th and ab;de by ea:h and c~cry the st~putar,c~f, .;~r«n:ants, corditions, and cove~wnts of said pro:nissory note and ihis
mortgage any er eirher, and sa~d costs, cherpe~ ard expenses, each and every, shall be immediate~y due and payable; whether or not there be notice dz - ~
mand, attempt_fo co7lcct or suit pand;ng; and the full amount of e~ch znd evzry such payneent shall bear interr.sl from the date thereof until paid a1 the :
rate o` n~ne per cemum per annu,~; and ail sa~d cos~s, cnarges and expenses incwred or f,aid, together v.ith such interast, shall 6e szcured by the 4ien of this t
mortgage. ~ j
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b. Thaf (a) in the event of any breach of this hlortgage or d>faulr on ti-~ parl of the tytOFTGAGOR, or (b) in Ihe event any of ~atd svms of money ;
hetein referred to be no! promp~ly and !~Ily paid •.ti~ithin thirty (30) days next aitcr thc same severa~ly b~come due and payablc, withoul demand or notite, '
or (c) in the eveM evch and every tFe stipulations, agreements, conc+~tions and covenants of sa;d promissory note and this mortgage any or e~the~ are nol
~uly, promptly and fully periormed, d:scharg•zd, execured, efFected, can~,feted, co:npl;ed v,~th ar:d ab?eteJ Sy, then in e~ther or any; such event the said ag-
grec~ata sum mentioned in said prornissory- note then remaining unpaiJ, wi!h interrst au~ucd, and alf moneys secured hereby, shall become due and pay
able forth~vith, or therealter, at the option of sa~d P~10RTGAGcE, as (ully a~x1 comptefeky as i( all of the said sums of money vlere originally stip~lated
to be pa:d on wch day, ~nything in sa:d pro:n~ssory note e: in ~his ldor~gage :u thc conr.ary noh.vithstending; and ih~:reupon or thereafter at Ihe opiion of
said MORTGAGEE, w~thout notfce nr demand, suit at law or in equity, therefore or Ihereai~er begun, may be prosecuted as if all moneys secured hereby
had matured pri~r lo its insti!ution. -
- 7. That in !he event thal at tfie beginning ef or at ar~y time pending any su:t u~on tl~is Alortyage, or to foreclose if, or fo reform it, or to enforce ~
payment ef any tlaims he~eurd=r, s~id t.10RTGAGcE shal! apply to Ihe Court having jur;sd:ction thereot for the appointmenl of a Receiver, such Co~rt shall ~
for~hu•i~h appcint o receiver oi said rr,ortgaged prop~rty all and sir,gu~ar, inct~J,ng a!! anJ sinyu~ar the income, protits, issues ar,d revenues trom whatever
seurce darl~ed, cach and every of wh[ch, be~ny cxpressly und,rs~ood, is lereby ~1~crryaged 3s if sprufica}ly set forih and deauibed in the granNng and ' ;
habendum c~auses h. :~f. ;nd wch Receiver shall have ail the b:oad and eifecrive furct,o~:s ar.d poweis in any~v~se entrusted by a Court to a Receiver, and ;
suth appointment sha~l he rnade by svch Court as an ad:nittec! equit~ and d rndliCl oi ebso~utc right to said MORTGAGEE, and withoul reierente to Ihe ~
adequ_cy or inadequacy of tFa valve of the property morsgaged or to ihe so;~•ency or ~nsolvency of said f1~bRiGAGOR or thr deFendants, and that such ~
rents, profits, income, issves ar,J ~evenues shal! be aµpl~ed._6y such Receiver accord~ng to ~F.z lien or equity o( said h10RTGAGEE and the pradice of such
Coutt. - ' - "
, 8. To du!y, promE;t;y and ful!y ~:er(orn, d~scharge, exe,u~e, effe.ti, comptete, ccrnpi~ with and abide by each ar.d every the stipulations, agreements, ~
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, eonditio~s and eovcnatvs ~n sa;:! promissory rots a~,d ti~'s mortyagc ser fonh. }
9. Ti:at in the event tha ovmcrshie of-the mortga~ed p~e>i~~szs, or any par~ thereof, 6ecomes vested in a person other ihan the MORTGAGOR,- the ~
1d~RTGAGfE, i•s successors anJ azs~~ns, ~r3y, ~.~~F,o_~ nos~ce to ~he ?.'.ORTG~.OR, dea{ wi~h such successor or successor in interest witfi reference to this t
mortgayc ar.J the d_•ct hereby seturzd in the same n,;nr,er as wnh h~o~~ga3or wAh.:ut in any •.vay viliating or d~scf~arging the tAo:!gigori liability here- f
under or ~po~ th•~ !~_h! f1~lBJ'~ ScCUfe+j. I~O sa'e of il:c Eremises hcr~by niortgaged ar.d-no forbearonce on the part oi the IAORTGAGEE ot its suttessors ~
or assigns and ne exfens;on of the tim, for ihe payrr.ent qf the datt hereby. secured given by the 1rORTGAGEE or its successors or assigns, ahatl operate !
, to re!eose, d:scharge, modify change or affect It,e erig;nal liauillty af the h'.ORTGAGOK herein, either in whote or in parf. ~
10. U;s sacuFicrily agreed that time is of the essence of this conhact and th3t no waiver of any obliga]ion here~nder or of the obligation se- ~
cured hcreby shaU at any time thereafter be he:d to be a waiver of the lerms hereof o- of tne instrumem secured herby. '
!1. In a3ci~r,'o~ to the fere.ga~~~ mo:vhty f~ayr~:,nls o{ princ'pat and inte:est required by the prom~ssery ne!e s~-cured h~teby, mortga~or covenanfs i
an~ agre=s to t`y to mor~g=gee v.~ch eact~ r. un~h•.y pa~r,,e:~t an add~cienat s~m es!~.^•ated bj mortgagee to be eqval to 1,/12 of the annuai cost of the foliow-
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A-A!I real 4;repr.ty taxcs ie~~ied o~ assess~d ag~~~~st tn~ above dcscr:~_d r~al es!ate:
6--Fr.a;~~~wns on fire and v:ir.dstor~n irsur~^ce as nercin req~~.reci to be car:icd e~i 1};_ ;mproveme~ls sitvate on the above described premises. ~
C-Prc:r•ivr.~s en scch mcrt~a_c,e g~ar3rty ics~~er.ce as r.;ertga_r.ee shail frcr. d:ma rp timc deem fit to carry on the loan setured hereby.
- t.!ertgagee s~~a:l .'ro;r, tin:e to ~+~~e nctit f mortyagor ;n vr.i!ing of lhe an~o:,~t due and p3yabte hereundzr and such svm shall therevpon bz due and
payab'e on tha d~e daf•: oi tha „c•xt rnO~fF?:~ (l3ym~~lt and evch suca_ss~ve mo~~th thereaher urtil mortgagee shall notify morlgagor of a change in such ~
a~T~oun!. Such sums s4:3if be a,r.~•i-~d Ly nior!gag•~e to.vard the payin=nf of resl preperty tazes, ins~rance prem~urns, and mortgage guaranty insurar.ce
r~e~-~~T~:. . . ,
1'lITClE55 :.'H~` 'OF, ti:~ sa,d :10RTGAGOR has h~reu:uo set hi; hard and scsl the day and year first afo:esaid. f
S+gned, Sealed a:~d dellvered in ~he presenc.e of: F~L~Q ~+t: .=~p;~~EO ~ J~,/~'»'1.~~5'~(%_~,
- ST_ LUiii LSUtiTY FLA_ {
cr~~'~ ($eal) S
aU:~:.= ,~.:zR~s .
- " CI~L}. ~.'•CU~T COURT ~ (Seal) ~
- _ ~l - o z r r. c f * ~ ~ I a" i? 0 ,~1t n~ :civ~iu , ft
_ _ , i~eal) i
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STATE OF FLOR(DA _ MA~ IO ~ ~~}~~j~ L . (Seal) ~
~ , r<<~ ~l /iJt~. V
cour~r~ o~ St. Lucie, ss.
~
9cfore m_ ~so~.~;i. d~~~-«~ -Thomas D. Finn -
P' / rr-= - and
_ _ ~~t1 C V F11111 his x•ife, to me v~ell kno~vn a.id kno•xn to me to be
Ihe i:~divid~a•.s descr~ ;~d in ar,d .vho ex=cu:ed ~he fo:egoing instrument, and ackno~vtedged beiore me that they executed the same for the purposes ~
thcrein expressed. And the s3id _ N 7~1C~/ Finn !
r - ;
~ wife of th> sa7d T}~,p~a,.S-D-~-F-],.1.1L7,- upon a separale and private ~
exam~nat~~n 5r me taken separate ar.d apart frcm her said husband, atkno~w•ledged to and beFore me that ahe execvted said instrument freely and volun-
tarily and w~thovt any tcrr.pu'sion, constraint, apprehens~e~fear of or from har said husband. _
~~RNESS my hand and ofF~dal seal this_ f~ day of__rid _ q p ~q 75
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. Motary Public in and i the ate of Florida at large ~
My Comrr.ission expi s:
Rerum To: €
First Federa) Savings 8 Loan Asxaci~!ion
of Fort P:erce. IiOTARY P1lBLIC, STATE cF f10R1~JA at lA4GE
Fo•.* nie:ce. FI_rida ~iY C~J'~'.:?S::~: i?:?1<"tS l~,ti. 7. 1971 - -
_ 5~•rG~c~ ijY h:'•~~;:i:~ i.3f;'c:Et3 iisurall~@ (~s6 - {
_ _ - _ - I . . •.t:i.Hrlll~l.* '
_ ,L~~~' .y~r',.
This lnstrument Prepared By Richard K. Kayes . t,~~,:••~•.'~~~,_~f'%~, ` t
First Federal Savings 8~ loan Association -,j.~-:. t [
cf Fort Fierce Florida - - _ ; • ,t-"
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- - "-~.~:t f~ : {
Ch~cked By ~ R ~ . . _'--t ' t~-'~ ~
- BOOK ~.t.h7 FAGF ~ 1 ~ - - o ; . ; =
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