HomeMy WebLinkAbout0231 3. To placa and continuously keep on ~he bui!dings no~a or he~raiter ~ituata on said land ar,d on all equiprnem and pereonally covered by this mortg•
- sge, w~th ell premi~m~ ihereon pa~d in full, i~re ini~~a~~c~ ~n 1he uswl slandarJ policy (a:m, in e ium appra~ed by Iha MORiGAGFE, and winJetorm
insura~ce in Ihe uswl stecd3rd pol~cy form, in a sum approved by the htiORTGAGEE, ~n tvth company o~ tompanies as the !AORiGAGEE may
dfreuJ and all firo and w~n:ti~arm insvrance polic~es on e~tiy of said twiid~ngs, any inleres~ tharein or par~ ~hereof, in the aggregata ivm aferesaid or
In excess ihereof, _hail contain tho ~svat atandard 'rnortc~~~ee cleuie or such otlier c~auae as ~he htor~~agee may require, making the lase un.lar cai~ poli- ~
des, eath and every, payable to s~id A10RTGAG~E ae its intrrcet may appear, anc! each and ovary s~ch }>oficy ihalt t» promptty ass g~ied a~d oalivere~ ~a
any held by seid A10RiGAGEF aa turther sec~riiy to eaiJ mortpafle dabt, and, ~iot lest tlian ten (10) days in advance oi tha expiration oi each policy, to de- t~
!ivat to teid AiORTGAGfE a~enewa) Iheroof, loge~her wifh d f2C2i~1 fcr the pramium of such renew~lt nnd ihere shalt be no iire or windstci7n insurar:e =
plated on a~y of said twil~ling~, any inleresi thcrein ~ parl Ihtrcof, ~nlPSS in the `~rm and wi~h the lose payable as aforesrid; and In Ihe ev4nt any sum
of money becomcs psyabte undar such policy or policies said h10RTGAGEE thall have the optio:~ io recaive a~~d apply tiie same on accouM of Ihe lndebted• ~
ness secured hereby o~ to permit said /AORTGAGORS to recriva a~d use it or any pert thE:eo( ior other Furposes, wi~hout Ih~rb~ waivina or impaii- -
tng any eq~ity, lien or riglit undcr or Uy virtuc of Ihis rno~!yas~e; and in Ihe event se:d A!OkiGAGORS shall (or any rea~on iai) to k:ep tt~e sa~d premises so
insured, or fail to deliver Frompfly any of s~id FwGciea of insuranca to said MORTGAGEE, or fail promplly to pay fully any pte~ium Ihare{ot or ln any r•~'•~~
~espect fail to per(o~m, d~scharge, execule, eftecl, cornpte~a, comply vrth and ab~da by ~h~s cover~ant, or any part hrreot, said MORTGA^vEE mby pl~ce and ~~;a~
pay (or wth Insurancn or any pan thercaf withoui wafving or af(e<ting any option, lien, eRuity, or ri~M ur~der or b~ vSrt~e of th~s Morlgaga, and the
f~ll amo~id of each and every wch payment shjll be immrdiately dua and {wyabfe and shall taar intaresl (rom the date thereof un1i1 paid at 1he rata ot
nine per centum per annum and togeaiur v.ilh such inter~st shail be secured by Ihe iien o( th:s mo:tgage. ~ '
- 1. To pemiif, tommit Pt suffer ro waslr, impairment ot detcrEoralion of said Fropcrty or any part thereof. ~
5. To ~ay all and singular the costs, chargei and e~cp~n~es, inclvd~ng a reesonable auomey's tee and coa~: of abst~ac9s af titlu, in(vrred or paid at ~
any lime by sa~d A50RTGAG£E, Cecavse or in the eN of Iho faii~re on ~tie part of ~he said MORTGAGOR to duty, promptly and f~lly parform, d;schtrne, ~
executa, eE(ec1, comFlNe, comply wnn and ab;de ~ each and ~v^ry ths stipulalions, agreements, conditions, and covenants oi said ~Sro:nissory note and tfiis
mortgaga any or either, and s~?d cesr,, charge~ and expenses, each and every, rhall bc immrdialely due and payabte; whether or nof there be nuiice dr •
mand, at.templ to tollr. • or s~it pending; and the Eull a~novnt of each and every s~ch payment shall bear interast irom 1he date thereof trnli! paid at the "
rate of nir.e per "rrnti~~n p•_r nnn~m; and a11 said costs, charnes and ex;~enses incurred o: Faid, together w~th such inte~est, shall oe setvred by the lie~ of thl~
martgaga_ • . .
6. ?ha1 (a) in the.rver.S of rny brea:h o( IF,is Alortgrge o• defavlt on the part of fhe MORTGAGOR, or (b) in ihe event any of eaid sums af money
herein reFer?ed to !>e not p.o~~ptly and iully paid v~i~hin thirty (34) days nex~ aftcr the same severatty become dve artd. payabfe, without demand or nmic~,
ot {~j in thr event each and every the stipulations, agreements, cond~Yans and covenan?s of sa:d promissory note and th~s rrtarlgage any or either are no1
iuly, promptly and fully pe~fosmed, d'schargtd, ezecutcd, efie:ted, completed, cumpl~ed v.•ith anc#.abided Sy, then in eiihet or any such evenl 1he said ag~
gregale ~um men:ioned in said promissury notr. then rem~ining un}:aid, with iNerest accrued, and afl meneys secured hereby, shall 5etome duC and pay
abie forthwith, or thereafter, at the oprion cf said A10RTG.AGE'c, as fully and comp:etely as if acl ot Ihe said s~ms of money were originally sf;pulated
~ to_be pa:d or~ wch day, anything in s~d ;.rom~ssory note or in this Mortgage ta 1hr co~~rary notwi~hstanding; and thereupon or thereaftet al the op~ion of
_ said /AORTGAGEE, witho~i notice or den:and, s~~it ai law w in equiry, therefore or Iheraafter begun, may be prosetvted es if all moneys seturtd hereby
hatl n:alured prior to its institution. _ _
7. That Fn Ihe event th.at at the beginring oF or at any lime pe~di~~g ank suit vpon this hlorigage, or e~ foreclese it, ot io tefarm it, or to en(orce -
~yment oi any claims he+rundef, said MORTGAGEr shall apply ~n ;he C~urt haying `wisd;cfon thereof for the appointment of a Receir•er, such Court shall
forthwith a~point a r~~teivzr of said mortga~ed proaa:ty atl and singu!ar,~i~:t;~d~ng a!I and sinoular tiie incomc, profits, :ssues and revenues irom whatever
~ source d.:rived, each and every of whEch, is beir.g expressly vnd:ntood, is hereby n~ortgagrd as ~i speci{ica!ly set forth and desuibed in the granting and
habendum deuses hereof, and sucF. Receiver shal~ hav~ all the broad and ef(ecrive tar.ct:ons and povren in anyv~•ise entrusted by a Covr1 to r Fecetver, a~d
such appointment shall be made by such Courl as an admitted zquity and a matter of absolvte right to said MORTGAGEE, and without re(erer.ce to the
adequacy or inadequaty of ti.a vatue oi Ihe property mortgaged or to the soi~c~cy er ~nsolvency oS said h10RTGAGOR or the defendants, and thal suc!~
rents, proiits, income, issves an! reven~es shall be app!~ed by such Receiver acco~d~ng to the lien or equity oi said MOQTGAGEE and the practice of such_-
Court. ' • . .
- - 8. Io dv'.Y, promptty and fully perform, d;scharge, execute, effect, complere; comply with and abide by each and every the stipulations, agreements,
conditicni and coventnts in said promiuory no~e c~id th;s mort~age set forln. - ~ - "
9. That in thc event th~ ovir.enhip of the mortgagc~ premises, or aiy part the~eol, becomes vesled in a person other than the MORTGAGOR, 16e
- MORTGqGfE, i•s svccessors and" ~ss+gns, may, w;thour r.ot:ce to the MORTCaOR, deat vr~ch such s~c:essor or successar in iMerest with reference to this
morigage and tfie drbt hereby secvred in ~he same m~nner as w%~h Alortgagor with.u~ in a~y way vitiating ordischa~ging fhe Mo~tgagori liability _here- _
under or upon tM debt hcreby s~cured. ho za!e oi the prerr;ises hcreby rnortgaged and no forbearance on the part ~f the MORIGAGEF or its successors
or assigns and no extens~on of the timr for the paymen~ of the debt hereb1 secured given by ii~c Tnv2TGAGEE or itt successors Gr assigns, ahal! operate ~
to release, d~scharge, mhdify cha~~ge or attect ihe original liability uf the ~1VORTGAGOR herein, eilher in whole or in ;~aH. - • t
~0. U is spec~ficafty agreed that time is of the esser~ce of this contract and that na waiver of any obGqation hereundet or of the ablige!ion se- ~
tvred h.reby Shai! at any tin:e thereafter he he:d to be a waiver of the terms nereaf ar o( the instrument setvred herby. i
11. tn add,tioa to th~ forc~c~ng mor.lh:y payments of pri::t nal and interesl requ~red by the prom~ssoiy no~e secured hereb/, mortgagor to~enanfs !
and agrees to pay iu mo~tgagee v.~th each ~ron~h;y p.~yJ, ent an aodrtionrl sum estim.ated 6y, mortgagea to be Qqua) to 1/12 of the annuat cost of the follow- _ E
, - in~: . : i -
't
' _ A-AN real }:roperty !axes levied cr assessed a~ainst Ine above desc~i~ed rea! eslate. - - ~
, B-Prcm~ums on~f~re and windsterm ~nswance as here:n reqv~red to be carried on the impr~vemeils situate on the abovc das-ribed premises. ?
:
G-Pramivms en svch mcrtnege guaranty insura:•~e as moctgagee shail from t:me to time deem fit ta carry on the loan secuied hereby. f
?1lortgagee sha:l fram tima to G.r:e not~F~ mat5ag~r in w~i~;n~ of tF.e amount dve ar.d payable hereunder ars~ such svm sfial~ thereupon be due and
• payable o~~ the Jue date of ihe next r,s~r,tn".y paymem and each waessive mo~ih the;e~her ur.til morigagee shal! notify morlyagor of a change i~ svch ~
amoum. S~ch sums sha;! be applied b/ mortgagr_~-to~.ard the pay~nent of rea! prope~ty raxes, ins~~rance pre.~n[vms, a~~d mortgage g~aranty insurance
prvmivms. _
IN 1V!TNESS V:HER , ihe 'd N,ORTGkGCR has hereunto set h~s h~nd and seal the day and year first afotesaid. -
~ S' ne at d deli d i the presence of: - ~ ~
_ FTItE,O{ JUNTY FLA._ ~t~'~~ CC.I Seaq
`-r ' ~`1-~.VC~:^V L on f5f~ St 1 _ _ _
_ - Rt;C =:t 'pt'RAS _ (Sesq
~ _ ~
CtERK 1=+;;U1~ C R ~ (Sea1) .
- P.F~~F= i~E~?~~`-~ . oberta D~ 1ai ~ h i~e ~
~ea(
_ STA1E OF FLORfDA ~~30 g 3`Z ~M'~~+ ~
}
COUNiY OF S't .`~UC1Q _ ~ - L1~~.~~,~ F
~ B>fore me persor.aliy appA2~ed L~mdon i'~25t }?a~c~h _ and
- _ Ro~~ta D. I?811 ~~l his wife, to me well known and known to me to be ,
' th_ individ~a(s described in ar.d who execured ~he fcregoi:ig instrume~t, and acknowledged befwe me that they executed the ~rme .'~4 the pvrposes -
lherein expressed. And the ea:a R~berta D~ N811 _
i. ,
' ' +,`r.
- wife of the s3~a L~mdon 1~eSt ?jalq}l ' ~}~pan;A~~~para)ek~lki'r~trrts ~
exam~nario~ by me taRen separate and aparl i?om her said husband, atknowledged to and before me that s(~e rxecut •.is~ insl~yp~t~Y~f~~ly-~:vokpr.'
tarily and w~ihovt any to:npufsian, constraint, apprehens~a~, or fear af or frxn her taid husband. ! v~- t
~ ~
Vl17NESS my hand ar.d oHic~af seai th~s_ 23rd day - • ~ ~-/Y, ~q
~t.` ~
; ~ t ~,y r .
:i . . " _
, ~ ~ - - . _ - . ` ~ f ' ! : • J ~ . ~ ~ ~a ~ ~
~ _ - clary Public i~ and feQ the~ . . ~ji _ t~srge~;
My Cammission exoues~ . _ . - + ~
t Rrturn To: ~ • - _ ; _
~ . c,
~i~r faderal Sav;ngs b Loan Associat:on - f • ` ~ +c•~+'~ --s! . ; . ' - -
r . t~olar Putlir Sroie of 1'~'
a,1r't~j~~~~~!' .l : ?c
O. fort P:erce. . f , ~ ~ !r ~
~ ~ Fort Pierce, ftcrida _ M~r ~aniui~is~- E~t~s ~ zs~yrp~ ` 1 , ;'i~ .
~ - - _ ~or?d~d br Am~tiean ftt~ i. ~ ~ r ~ . ~ r~ .j '
- - . : -r t.~~ T~~y~ ~ t~6`:
_ t r7~~„Lf • .
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- . ' ' . ~ ' ' - .:~',t " _
'.:t ~ z._:i..
~ This Instrument PrEpared By J. F'a 1 Aobert c~ ;7r . - ~ "
First Federal Savings 8~ loan Assoc+atio~ . s~ _
of Fort Pierce~ glorida 64~JK ~~O PAGE f,t)~
Checked Sy
. . ~ . • -