HomeMy WebLinkAbout2763 3. To place and cominuously keep on the bui'din~js no~v or herea{ier eilu~tu on sa~d Iand ard on j11 equi~~ment and pe~sonally covered by Ihis mortg•
afle, wi~h al) premi~ms thereon pa:d in full, fire insurance in the uiwl standard policy (orm, in a sum appro.ed by Ihe h10RTGI~GEE, anJ windstorm
Insuronce in 1he uwa~ standa•d pol:cy iarm, in a sum approved by thr A1CICTG:-~EE, in wch company or tompanies as Ihe MORTGAGEE may
dirccr; e~d all tira and w]nds~orm insura~ce policies on any of s~ld buifd~ngs, any iatereit therein o~ part lhareo:, in the aggregate a~m aloresaid o~
in extess ihereof, shail contain the usuat st~ndvrd mort~jge~ clai~sa c,r surh o~her c~ausa as the hlortgagea may require, making ~he loss under sa~d poli-
cies, each and every, payab!a ro said ~~ICkTyI\GEE as its int~ras! may appear, a~d each and every si~ch poi~cy eh,i! he prompily ass g~eJ and deGvercd to
eny held by said h10RTGRGEE os furlhar sewriry to said mortgac~e debt, and, oot less ihan ten (1'v) d~ys in advsnce of ~he expiration of each policy, lo de• ~
- liver to said htORTGAGFE a renevral the~eof, to9ethat ~vith a roteipl for the prrmivm oi svth renewal; and tl~e~e shall be no fire or windsto~m insucance ~ •
placed on any of said b~ildings, anp irverFSt therain or parl th4reof, untess in the form and v+ilh ~ha ~oss payab~e as aforeseid; and in Ihtt event _f+Qy sum ~ ~
of money becomes payable under s~ch polity or pulicies sa~d MORTGAGEE shall have ?hc oplian to retaive and app~y tha snmo o~ atcou~U o( fhe indebted• i
ness scrcured hereby o~ to prrm:t sa~d A40RTGAGCRS lo receiva ard use it or any pr.rl Ihereof for otner NurE~oses. ~~.irho~t th~rcb/ waiving o~ i~npain i;
(ng any .quity, lien or right undcr or by virrue of this mortgac~e; and in the ev.:m sa~d h10RTGAGORS shail for any reaso~ faii to keep the said pramises so ~
insured, or fail to del~ver promplly any of sa~d policies oi insurance to said h10RTGAGEE, or fail prompNy to ~ay tully any premi~m thetefor or i~i any 1
resp~cl (ail to per(orm, dEscharge, execute, efiect, comp'M~, comply w~th and abide by this covenant, or any parl hereo(, said h1QRTGAGEE may p1acQ and .
pay (ar such insurance or any part thoreof wnhout waiving or aHe<ting any option, lien, equ~ly, or ti~ht u~der or by virtue of Ihis Mortgage, and the
full a:nounl of each ;nd ecery such payment shall be immedintely due and payable and sha~l bear inter~sl from tho date thereof ~nlil paid at the rate ol !
' nine per ceMum per ar.num and tn~~~ther «-iIh svch intrrest shali be se:ure.1 by the lien oi th~s mottgzgc. • _
A. To pcrmit, commit or :uffer no waste, impairment or detrrioraNon of said prcpcrty or any parl ihereaf. 4. '
5. To pay all and singuiar the cos~s, charges and e~penses, indud~ne~ a reasona6te al~orney's fee and costs oF ab~trads of title, incurred or paid at
bny, time by s~id A!ORiGAG.E, because or in the event of the failura on the part o~ ~he said h10RTGAGOR to duly, promNtly and fu11y pe~form, d~scharge.
execute, etfect, ccr.~plete, comply with a~d ab:de by each and every ~he stipulauons, agree~»ents, cond~tio~~s, and covenanr oF said promissory note and th~i
- mortgac~e any or ei~her, and sa?d cos!s, charges and e~epenses, each and eve:y, sf~ail be immediatety due and payabte; whether o~ not thero ba notice d~
mand, atternpt to col~ect or suit pcnding; and the fult amount oi eaci~ and e~'zry such nsymem shall bear i~iteresl f.om the date lhercof until paid at the
rate of nine per cent~m F.er annu:u; a:~d a~i saiJ cosrs, charges anJ e~~:ens~ s~~uuued or paid, together ~v~!h wch interest, ahall be secured by the lien of this
- ' mor:gage. .
'6. That (a) in the eveM of any breach of this Mortgage or d:(a~11 on the part ef the h10RTGAGOR, or (b) in the eve~t any of ~a:d sums of money
herein referred to be not promptfy and f~dly paid ~v~+hin ih~rty (30) d~ys next efter ~he same sc~~erally become due a~d payable, without demand or notic~,
or (c) in the event each and every the stipulations, agreements, cond~tio~s and cevenants of sa:d promissory note and this mortgage any o? either: ara no1
~uly, prompily and fulty perforrned, d~scharged, execvtrd, e(fected,.comp!eted, cempiied tiv~th and aG~ded by, then in eithet or any such event Ihe said ag-
gregata sum meNioned in said promissory note lhen remaining unpa~d, ~vith i^;erest accrued, and a11 moneys sec~red hereby, shall become due and pay~
a6!e forth.vith, ot Iherea{ter, at 1he op!io.i o1 ss~d A',~RTG4GEE, as fully arut comp;etely as if alI oi the said wms of money were originalfy stipulated
to be pa:d on s~ch day, anythin~ in sa:ci Rrom~sse:y note or in this !.1orlga~e to the conrrary not:vithslantiiiig; and thereupon or thereafier at the option of .
said MORTGAGEE, v:itheut r.ohca or demai~d, su~t at taw er in equity, theretore o: thercaft~r bec~un, may be prosecuted as if ell moneys secured hereby
had matured pnor to its institut;on.._ ~ .
~ 7. Thar in tt~e event ~h~r at the UPginn;ng of cr et any time pe~di~:g any s~it up.:n this Morlgage, or to foredose it, or to reform it, or to enforce~
payment of any ciaims hcreundar, s3~d t.10RTGAGEE sh~;l af~ply Io Ihe Co~rt ha~~ng j~r~sd:cripn thercof ior the appointment of a Receiver, such Court shall
- forthwith appaint a receiver of so~d ~r.ortgaacd pro~~_rt~• a~! and sir:3utar, ir.duo•ng ei~ and si~~c~~1a~ tha ir.come, profils, issuas and revenues from whatever
source danved, each a~:d every c4 wh ch, ;t t•eing E)}`fMS:Y u~ders~cod, is F:ereUy n,oe+~3jged as if spee~iicat~y set forth-and desvibed in the gianting and
hab~rlum clauses herEOf, and such Rece~ve: shal{ hav~ all the broad and efic<~i~e iunct:ons and powers in anywise eMrusted by a Courf to a Receiver, and ,
_ such -ippoinlment shall br made by wch Ccvrt as an ad~~itted equ~ty and a maner oi absolute r~ghl to said MORTGAGEE, and without• reference to the
adeqvacy or inadequacy oi !Fe vait;e of: ths property mertgaged or to the sot~zncy or in>olvency of said. MORiGAGOR or the defendants, and_ that wch
rents, protits, income, issues and rever.u~s shat~ ba applieti b~r such Pecerver accord~~;g to the lien or equity oi said h10RTGAGEE and the practice of such
Ce~rt. -
8. To duly, promptty and_ fully perforr.i, d~scharge, execuf_, effect, complete, c;~nply with and a6~de by each and every the sfipulations, agreemeNS, ~
conditions and cu•+enaros in sa~a promissory note and th~S inor~gage set forsh. ' -
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9. 7hat in the event the o~vnersh~p ot the mcrt3aged premises. or any part thereo~, becomes vested in a peison other than the MORTGAGOR, the
MORTGAGEE, as successors and assigns. may, w~~hout notice to tn~ t.ORTGAOR,-deai v:i+h svch successor or soccessor in interest with reterence to this
- mo~t~age and the d~bt F.ereby sc:ured in the same manner as ~•:;th l.!or!gagor wit!~out in any ~vay vitiating or discharging Ihe /~lortgagors' liability here-
vndrr or u~n the d•~b' hereby scc~red. No ss:•_ of th;; F:emises hereb; m~rtgaged and no forbearance on'the part o4 the 1~IORTGAGcE or its successors _
or ass;c~r,s and no exrens~un cf the tin,e fe. nc~ payr,;ent ot th e deb! he.reby srcvreJ g~ven by Ihe /,50RTGAGEE or its successors or assigns, ahall operale
' lo release, d:scha:ge, modify changc or eitc:~ the or7gin~f liau~i~t~ of tne 1`l.ORTGAGOR herein, eithei in whole or in part.
` 10. It is spec~fi;ally ag~eed iha: t~t,~e ~s of tl,~ esser,ce of this contract and that no vvaiver of any obligatio~ hereunder ar of the obligation se-
_ cured heteb~r sha't a! any tin:e th=rea{ter be he!~ te b~ a v~aiver cf the fzrms h: ~ecf or of the instrument secuied herby. - ' -
11. In ad3::~on ?o rF~ ioregc'~g monih:y F~;~•~ro~i~15 of ~~:ir., nal and interest reGuired by the promisscry note secured hereby, mortgagor eovenants
and ag,~es ~o ~ay fo ri;octg_~er vnch eacn mo-r•hty p3y,=em an ~dcl;cle+~al s~m es~~~~~afed by mo~toagee to be equal to 1%12 of the annual cost of the iollow- _
. • in~: ' . ~ - . . . , , - . _
A-All real propers~ taxas ~evied or ~ssess_~ci ay.3~~st tn_ abovc desc+it-•cd real es!ate. ~
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E-~rarr,~u~,s o:~ flr;- and vi;r,cistus~=, ~~isura~~c< as h_r~^in rcqu,red to be car~~ed en th: ~mprovements situate on the above described premises.
s C-Pre+»~~~^s o:~ suth m~r:gage guc•ar,!y ~rsurance as mor~gagce sfialt iro:r: :~me to tirne deem fit to carry~on the loan sec~red hereby.
h'.ortgapec s~a?i irom ti~t:a to r~n,e no!~ty mcrtya3or in v~riting of the av:oont ~ue and p3yable hereundar and such sum shafl thereupon be due and
p3yzbfe on the doe date oi tn_ next ~i:o:~.tn:y p3yrnent and each successive momh thc4eafter until mortgagee shall not;fy mortgagor of a change in such
amovnt. Svch svms sF.a;! b~ aup!icd by mo~!gzgee :o~vard the pa~ment of rea! preperty taxes, ins~rance prem:ums, a~?d mortgage guaranty inwrance
~ p:emiums. - ' - . .
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- IN EJli~~ESS '.'~HER~OF, f~~ sa~d ~.ORiGr.G02 has hercunto set h:s hand a~d seal fhe day and ear first aforesaid.
- S. n d, S e nd elivere 'n t oresence of: - `
FIL£C A'~? ?E~ik~'.~E~ -
- _ ST, LU ~ +~UL'~I~'Y ~l,A. t~, , (Seaq
- Ri•;;~:; FLIT?fIS ~ ose h D. ;:oy (Seaq
~f!: l~ri:.JfT CaUR~ ~ - (Seal) - _
_ t- pfCf;;' ~~~aflr~ nn ~ti. roy, his ~i~,"e -
- (Seal) -
} - STATE OF FLORIDA _ ~ ~ 9 39 ~'7~ . '
COUFJTY OF _~~,~~~-e - _ 1 - ~`~'"~0~ -
~ Befcre me perscr,e!iy appe~red „III~P~l~ Tl ~ ~[)v _ ~ and
_'1II21 r'Q~' his wife, to me well known and'_~nOwii,to me to be
the ir.dividvals d:ia~~ed in z^,d v.ho exe.uted me foregoir.g instrument, and acknow~edoed before me that they executed<<1j~~:tl~lv oc,fl~e purposes
_ , l~ti~r~~ -;Y.
therein expressed. And the said _ Ann ~1 a,- J
i: _ . ~ •~'~`i~'• ' t
" wife of the said ' -JQ~~~ Oy "seaqr' private 1
exam"nat:on by me taken s,parate and aprrt from her said husband, atknowtedged to and betore me 1ha1 3he exet - d:s~id fre~ -~1~1 volun- "
ta~ity and viithout any compulsion, ~cns!raint, apprehension, or fear of or from her s3id husband. _ ';~{;r' ~ : i i
:b ~Q~ • cn.
Y~ITNESS my hand and officinl seat this__~~Il~-_ day o ~ 1 75
• J~:•
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_ 7: s. .
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- D ar li n f r - ~
ub c a d o t' fsf~ of •1
Y hC e~ r
- - ' h1y Commission ezpires: 1 j •.:i. ~ ~D~~ -
Retum Io: / 9 7 9 ~
Firsr Federal Savings b loan Assxiat;on a~~ ``'~t
f~tZ~~y~t\~~~~,`l
Of Fort P:e:te_ - _ _
' Foit Pierce, flatidj - ~ _ , _
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_ This Instrument Prepared By J. F~a 1 Pober t s~ 3 r. ~ ~~y. '"M~~!~~,.,~ ~
_ First Federal Savings & Loan Associ~tion ~
of Fort Pierce, %"~~ri c+.Z . hh~~
€ ~ ~
~i Checked By ~ ~ _ . ~ . ~ ~
[ ~
i BOOK~.Jt7 PACF~7tJD ~
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