HomeMy WebLinkAbout2363 3. To place and continuously keep on !ha bui!di~~c~s now or here3ftrr eitu~te on s~id lar.d and e~ ali rqu~p~~tan1 and personally covered by this mortg-
age, wlth all pramiums thereon pa~d in (ull, :ira ir,s~rancc in Ihe usual staiw~i~~d pnii~y ~otm, in a sum aNproved by the AtURtGAGEE, and windstorm
insural?cu ~n ihe us~al sranilud pol,cy form, in a sum appro~ed by the A50R1GAGEE, in such co:npany or compenies as ~he h10RTGAGEE mey
direct; and ail fira and w~ndstcnn i~uuranr potic~es o~ any o( s~~d L•vild ngs, any interast Iherein AI parl Ihereo(, in ~he aggreflaro sum afor.esaid or
' in exccis ihareof, shcll contain ihe usv;l sia~~dard morr9ar~es ctause or such or~Se~ Naus~ as the hlor~gaqee may requ~re, making ~ha los~ under sa~d poli•
cies, each ancJ ~very. ~~ayab!~ Io said ~\1vRTGAGEE as ~ts ~nt~nsl may appaar, and each ,nd cvc~y suth pot;cy s~~alt be pron~Ntly assgned and delivered ro ,
any held by said AtORTGAGEE as (urlher security to si~d mortgagc debt, tnd, no~ less than ten {IOi days in ad+ance of Iha expiration of each policy, lo de•
liver 1o s3id h10RTGA(GEE a renc.val thrreaf, iogether with a rece~pt 1or Ihe prernium o( s~ch rencwal; and there shall ba no i~re or windslorm insurante
plated on any oi s3~d bv~idl~~3s, any interest therein or parl Ihereo(, ~n!~ss in ihe (o~m and vrith the lcss payab~e as aforesaid; and 'ni the evenl any sum _
of money Lecomes payable undrr such policy or policies s~id !.10RTGAGEE shall hare thct option to rcceive and appP~ Iha samo on atcount oi the irdebted• .
ness sec~reJ h~reby or to pennit said 1.10RTGAGORS ro rrcriv~ ar.d usa it or any p.N t1•eeeof for o:h~~r ~,urj~oers, w~tho~t ih~rri,j v:~~v~~i:~ cr unpair-
Ing any equily, lien ~r righl undar or by virtca o{ this mo:!9age; and in iha event sa:d MORiGAGORS shall for any ~eason (ail io keep the said premises so
insured, nr iail to deliver promptly any oi said polities of insuranco ro s3id MORTGt1GEE, or lail promptly to pay fully any premiuai therefor Or in any
respect fail to perfo~m, d~scharge, execut~•, e!(ect, cornptet., co nply v~~rh and ab~do by thts covenan~, or any part h~reoi, said MORTGAGEE may piaa~ and
pay lor such insurancz or any prrt ther,;of wiihoul waivi~;g or af~eding any o~~tiun, lien, equ~ty, or righl undcr or 6y virtue of tnis hlortgage, and thc
1u~1 amount of each and e.a•y such pay~nv~t shall !:e immedistely due and ~?yab!e a»ct sF~~~l bear interest irom Iha date ihereoi un~i! paid at ~he rata ol
ni~~e pcr cem4m j:cr annu~~, and tc.gatl~,r ~~i!h suCi~ inre~asr .h~l~ t,_~ se.~r~d hy the lien of this irJrtgage. .
4, To permit, comrnit or suFfer no wasta, impairmant or cieteriotation of said pro~:eiiy or any parl lhereoL
5. To pay all anJ singufar tha cos~s, charges and expenies, includ~ng a rrasonahle at~arney's fec and cosls of abstracls of title, intur~ed or paid at
, any ti~r.c by s3~d hlOR1GA:;EE, tecause cu in ~he evenf of the faiturr on the psil af ~he said h10RTGAGOR to duly, promptly end fully pe~(onn, d~scharge. - -
execvtr, elfect, cemplete, comply w~th and ab;Je uy each and rrery th~ stipu!aror.s, agrcements, cond~tions, and covenants of said promissoty note and lhis
morrgagz any or e~ther, and aa:d costs, chergc•: and expenses, each and every, sha11 68 immctlidtCly due and paya6te; whether or not there k~: notice da
mand, attempf w collect or suil pending; and the fu}I amount of each and eve~y such paymen~ shall bear interesl from the data thereof vroil paid al the
r~te e` n~ne }~er ccn:wt~ p~•r arnu:~ , a~~:: .;I: :a;d ccsrs, characs rnd rx;zcns:s incvtred or ptid, toycther w~th suth interest, shall k>e setured by the lien of thit_
mo~tgayc. _
6. That (a) in the event of any breach of this h',artg3gc or default en th4 p3rt oi the A10RTGAGOR, or- (b) in the eve~t any of said aums of money
hcrein referr<d to be not pra~r~ptly and Eully paid ~viihin thirty (3Jl days nex~ aiter ~t~e sanie severaEly betome due and pay~b!e, withaut demand or notice,
or (c) in th•~ event each and eve(y the st~pu'a~ians, agreemenrs, conditie~s and co~~enants of sa~d promissery note and th~s mo~!gage any o~ either arr nol
~vty, promptl! ar,d fu;ly per(armed, d:s;h.3rgcd, cx.cut,;d,.eit~t~cd, cornp!_ted, co:n}.1~ed v.~th and ab~ded tiy, then in eithet nr any such evenl Ihe said ag- '
gregata sum mem~o~ied in sa~d pro:i,~ssvey no`e then re:naining unpaid, with intere;t .;cuved, and all moneys secured hereby, shall 6=come due and pay
abte forthwith, or thereaf~rr, at the opT~on oi s:.:J 1~102TGAGEE, as luiiy ar~rJ co:n},:etely as if ail of t!~e said wms oF money were or;ginally st~putated
to bc pa.d on such dzy, anythiny in sa.d pro.n~ssory note cr :n ~his h!orlgayc ro ih: contrary not,vithstanding; and Ih~reupon or therea(ter al the oplion of
3aid t.10RTGAGEE, wirtout not~ce or t~emand, su~t al law or in e,uity, therefore or thereafter begvn, may be prosecuted as if atl moneys secured hereby
had matured prior to ns inshtution. - •
7. That in 1h_ e.ar.t that at tne Leginn:r.g cf or at any time pe~~d~ng ;ny svit upon th~s 1.lortgage, or to fo~eclose cf, or !o reform it, or to enforce
paymenf of any c!aims hereur:d_r, said P: URTGAGEt sha;l apply to thc Cowt ha.ing jurhd:c~io? !hereof ior the appointmenl of a Receivet, svch Courl shall
fo:thwi'h appo+ni a rece~+er of said mo~lga~~d pro~.<rty aIl and silgu:ar, inc'utl.rg ~It and singu!ar the income, p:efits, issues ar.d revenves from wh3tever
s^wce derived, ea.h ar.;S evrry of v:i~.ch, ~t le~r~ c..~~ress'y understood, ~s t:erety ~T~crtg.jacd as ~i spet~titatly set forth and desttibed i~ th? granting and
• haFr_~~dom c~auses he:co(, a+~d SUC~I RfCGiYE•: SI7Bti ha•:e afl ihc broad and erf~~cr~~e fu~~cs.ons anJ po~vers in ~nywise eM~usted by a Court to a Re.eiver, and
such appointment shait be made uy such Cc•,et as an ad:•iitted equity and a n•ancr of absolute r.ght to said h10RTGAGEE, and withcu! reference to the
- adeqv:,y or inadeqvacy of the vaiue of tha propeity mortnoged or te tF:e ao•:ency o- n~sclvcr.ty of said Af.ORTGAGOR ot thr defendar.ts, and that such _
rerns, profits, income, issues and IcYEfil:4S shali be app;ied by such Receiver accord,~:
i to the Sien or equity of said ~.10RTGAGEE and fhe practite of such ~
Court. ~
' 8: To duty, prcmF:l;y and (ui!y E:erform, dis_h3:ge, execute, ef~ect, ~emplete, ce:~;i,!~+ with and abide bY each and every the slipvlaTions, agreements,
eond~ti~ns anJ cc.enants ;n 53id prom~sse: ~ r.ot~ and thfi m„t!^y3g: Set forth.
9. ihat in th~ evert ihe own~=~sh~e cf the ~nortg~ged pre:n~ses, w any pa!t thercof, Eecomes vested in a person olher than the lt50RTGAGOR, the
h10RTGAGEE, ~ts succe~sors aad assi~ns, ~nay, w~~}:ovr nc~ue tc ?h~ 1.'.OfTGAOR; deai witk such succes;or or svccessm in interest with re(erence to this
; n:ortgage ard ihe d;bt Fcreby secvrrd in th~ san:e manrcr as :.~th h'or!g3ger •.vitheut i~ any way-vitiating or discharging the 1.1c::gagors' liability here-
under cr upon li,e dabt 1~_reuy sewre:. t:o sa:e of ti e F~<<•~ris•~s hcrrby mprlc~3[~n~ ar.d no iorbearan~e on the part of the /.'1pRTGAGEE or its sutcessors
or eszicJr.s ar.d r,o exr~ns:on oi the Krrt: fo: tFr~ payment of the deb~ h,~ebi secured given by th< .'.10RTGAGEE or its svttassors or assigns, ohall opeiate
lo rc!e~se, dlscharge, modify t~ange or aFlect thc orig~r.nt liao:;ity oi th~ ~:,ORiGi~Gt7k here~n, either in whole or in part.
10. It is spe_~fic~l;y agn_ed that tu»~ is of tne esse,.ce cf this co.~tract and Ihat no waiver of any o6figation heremder or of the obtigation se-
eured hareby shait a~ any time Iherea#ter be he!d to 6= a ~vaiver of the !ern,s h~re~f or oi the instrumeM secwed herby. -
- ~
11. In acii:ti~~ to._th> fo;egc'^:~ n~onlh?y ~;ay:n_nts oF F:i:,;'~:ai acJ i~te:~st requ~red by th~ promisscry no!e secured hereUy, morigagor tovenants
and agrces ro pay to ~:o:rgrgee w~r~~ c.xt, ~,~o•~~h'; pr;.-e•.s an acd~~:::~~a' sv~~ ~•t~~~~~e:i b/ mcrty~gee to bz equa! to l~`i2 oi t;~e annual cost of the tollow-
; ing: - _ . i
A--A~I real ~:roperty t~aa~ !a~~.~.: er ass_sscc? ayai s! tfic ai~eti•e d,scr~bed r,al eslate. -
6- P:•;r~:;u:~~s o,~ ii*e and t•~icdstor~n Er.su~..• ce , s i~e!_;n r,~q~:r•~d to be ct•ri= d e:~ the ir.^.~tovemea~5 5's!••~t.~ nn the ahove described premises.
, G-Pre~rh~n:s o~ s:,c~ :^ort ;,ge ,,n..•_.vy ir.su+~~•t.~ as m~•f~a ;c'2 sha~l iren, to t~me deem fit to carry on ihe loan secwed hereby.
t,lortQagee si~a:; ~rcm :1.~,~~ 1o t~:r~ ncr;f; ~:'C!ty~3Jr ~r, v.rit~ng oi th: ac,o.:~t dve and psyab•.e h°reund~r ar.d such su^a shall thnreupon be due and
: payabte on tha d_~e ciaTa ci tne next ~:,o~t~~:; r~•;:~~.•~::i and e~ch s.;cc~:sive ~~~en!h tEereafser unsif inertgagee shal! notify mortgagor ef a ehange in such -
' amour.t Such s:~ms t~a:i t:e ap~'.ied 'cy n;ortgay.:e to::a:d the payment of rcal prcperty taxes, insvrance prem;~ms, an.d mortgage guaranty insurance {
. p~ iv:~:z. ~ ' - . . . ' _
IN Y:IiNE55 Y.HER~OF, >he sa+d P,.OR?GAGCR has hereu~ro se: n~s hsr„1 and SL•3I the day and year first rforesaid. _
~
5[gned, Seate and delivere in ti:e.p:eserce of: , --J~ i ~
~ • i.'~- ~v ' L ~ O~- (Seaf) -
X ~ ~ J. es Patrick Nixon _~~a~~
- (Seal)
- - u~-- - • (Seal)
STAIE OF fLORIDA, ~
5t Lucie ~ -
_ CCUNTY OF ~
- Befc~e m~ N~~~~~a:~y z;r~~~~d _.Za~ne~_P__at~_i~k_Nixon, a_sin~le adult _ ~x
_ _ to m~ we!! kno~:~n and kno,cn to me to 6e
the ir.dividua~ descri6=d in ~nsi v:ho ex~w?~d th: io:egoir.g instrument, and ackno•.~:edged before me that fhe~? executed the sama for the purpo~es ~
therein expressed. _ '
~~t'1ID4]~C ~f?6~~XaG?f~14~S~fd~ ~~S 'r~DOC KAFilR~XXdCJb~G?GX ~
5tti~+~tc~t'SRht~i~c~ex3cR~c}t~t~*sc~ - ~vax~c~a~i~~k - - ~
V1fii~E55 my hand ar.d offic~af scat th"s-__ day ot . ~ A. D. ~9 75
_ .
- - . tary Public in and t e StatE Flerida Large -
- " y Commission exp~ er.
Retum Te: . -
First fed=ral Savir.~s b loan Associ;t;on / - '
O( fort P(~:c~_ ~~~j~~ ^.~~u1U#~' .
_ tdLEG ~ti_~~ r?,,.,
fert Pierce. F~c-~dj ~7_ C - nFCi~~f1~$ \L~~~-.~.~ _
- F~"'_~ _~%+~~R7Y i~l,~ ~ ' ` L'~ -
- rt ~ ~~"r ~'v1Tit~!$ . ~ ~
JN •y~ • .
. - . . . y=~,~ rr6:; {~.Ot!?t7 p T;, ~ . - ~
. - - - • ~ . y,
This Instrument Prepared By John W. Collins y~~ t~,,.~ ~ r. ;
First Federal Savings & toan -Associatior. ~11 9 03 ~ a, "1 : . : ' r=
f; ;
Flori a _ G..,c_~.- ;
of Fort Pierce ~ d 'f' ~ 1 U L ! - _ ' `
~ ,V.: ~
' J
Checked BY ~ ' `-J clC:. . ~
. _ - -:nu~~~~~~ s
8~~~ ~~39 ~~,~F2358 _ , ~ - F -
F -
~ ~
• . _ . . < - ' ~ ~ .
~ . '
. _ '
. . ~ F
!
. . ~