HomeMy WebLinkAbout0237 3. Tu piace and continuovsiy keep on the bui'dinc~t now or hereaftct siluate on snid lend and on all equipment end p~.tfonally covar~d by thif morlg• .
age, wilh al! promivm~ Ihcrcon paid,in (~II, iiro i~tisvrance in !4~e .,sual sunda~J µa!=ty fomt, in a sum approved by tha h~OR(G:.Gi~, and wi~~ds:_:-
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insure~ce in Ihe ~s~al s~ar.dard pol~cy form, in a sum appruved by iha ~~ORiGAGEE, i~ s~ch company or tampe~ies as ehe MORTGAGfE may
directj end eU (iro ar,d windsto.m insurance polkies on any oi said twild~r.js, any iniarest ther;e~ u Fart Ihe:eof, in the aggrefle~e surn afo~eiaid. or
in extess ihereof, sh~ll contatn the us~31 31an~a~q mor~~]agee clause or such other clause ae Ihe hlortgagee may requi~e, makii~g the los~ undrr ia~d poli-
cies, each end e~~e~y, payab!a to iaio h50P.TGdGEE as it~ imerest may appea:, and each and eve?y such poi;cy shall be promptfy ass gned ~nd delivered to .
sny hetd by seid h~OR(GAGEE as turlhor security ro said mo~tgage debt, and, na1 lest thart ten (10) days in advance of the axpiration of each policy, to de- ;
(iver lo said MORTGAGEE a renewai ihereof, IoQaiher with a receipt for ih~ premiu~n of such renewal; and 1hPre shall be ~o t~re or winds~orm i~sure~ce ;
placed an any oi'said buildings, any inte~est Iherefn or part thercof, ~ntess in tha form and w~~h tha ~oss payabte a+ afureseid; and in ~he event any sum ~
of money~ become~ payablR under such policy or poLcies said htORTGAGEE ~hall have ~ha opt~on to receiv,+ anJ app!y the same on ar.ounl of the Indrbted~
nees ser.ued hcreby ar to pr.~mit said h10RiGAGURS te ~eceive and uae It o~ any par~ ~i,•xeof foc o~hcr purposes, ~vi~hout ih:nb~ waiv~ng cr impair , +
inq any equity, lien or righl u~de~ or by virwe of thts mo:lgage; ond in the eve~t sa:d AtORiGRGORS shatl for any reasop iaii ta iccep 1he ?a~d ~em~ses so . ~
inwred, or fail fo delive~ pr~mptly any of said policiax of insurance io said l~\ORTGAGfE, or (ail nromptly to pay fully ar,y premium therefor or in any
rospect fait to perform, dis.harge, execute, ef(ect, cornpletr, :o:»ply wi~h and abide by this cavenant, or any part hareo(, sa?d MC~R?GRGEE may placa and
pay tcr ;uch insurance or any part th:re~f without wetving er affecting a~y option, lien, equity, or r~gM under or by v+rlue o` Ihis Mortgage, aud the f~',
full ameunt o( each and overy auch paymrnt sha11 bo immeJiataly ~ve and'payablo an~ sfiall bear interess from tha date ~hereof umil paid at the rate ol '
nine per centum per ar.~um and to~effier with wch interest iliall be secured by tha fien o( th~s morigaga. -
•i. To permi+, commit or w((er no wasta, in~palrnxnt or da~eriqratior~ of ~aid prope~ty or any pnrt ihereof.
. 5. To pay all and sfr.gular tF» costs. chcrges and eYponses, lnciuding a:easo~nble attorney i(ee a~d costs of ab~lracl3 af ti11a, incu•rtd or paid at
any time by said A1QRiGl~GEE, betavse or in Ihe event nf the fa~lure on the pa:t of the saic~ MORiGAGOR'to duly, pramptfy and fully ?erform, d~scharge,
execute, e(fec~, complete, comply with and ah:dr bv aath and every the stipulat~ons, agrecments, conditions, and ~ovenanis of aaid Frcmissory ~ote and this ~
mortgage any o? a~the~, and said costs, tharge~ and exp~nses, each and every, shall be immcdiately due and payable; whether or not there be notice da
ma~d, atrempt to collrct or s~it pending; and the i~ll a~navnt of eacii and every s~~h paymem shall bear interest from tFie data thereof ~niil paid at the
~ata of n~no pe~ centum psr anuum; an~ all said cusis, charges and expen:es irxu;red o~ N3id, toflethar .vi1h such interesl, shall bd set~red by 1he lieo of th]t
mortgage.
6. That (a) In the event of any brtach of th;~ 1S1orlgage or deFaulf on thc p+rt of the h~dRTGAGUR, or {b) in fha evenl any o1 sa~d sums of money
heretn referre~ to be not prornptly and fully paid with~n ~huty.l30) deys nzxt alt~r 1he same srve~atly become due A~d payable, without demand or notice,
o? (c) t ~ tha event ea:h and every the stipulalions, agreemenis, coad~tions and covenan?s of said promissory nole and ths3 mortga~e any er either are noi
~uty, promptly and fully perf~rn:rd, d:scharged, executed, ef(ecred, cornp!eted, cempi;ed with and ab~ded by, then in zithe~ or any such event Ihe said ag-
gregaie sum mentioned in said promissory note then remaining unpaisi, with intereu azcrued, and all moneys sec~red hereby, shal) become due and pny - _
able forthwith, or thereattcr, at ~he ootion of sald A1a~4TGAGEE, as (ully and cemplately as il all of ~he said sums of money were oric~inally sUpu!ated
fo be paid on svch ~ay, anylhing in sa:cl proml~sory nate or in this hlortgage to ~he contrary not,~vithstandin9; and thereupun ar thereaiter at the op?ion of
- iaid /~IORTGP.GEE, w~rhovt ~~a~~ce or demand, wit at la~v or in equity, therPfore o: thereafier begun, may br prosecvted as if al) moneys secured h3~eby
had malvred prior to its institution.
7. lhat ~n the evenl that a1 the begdnn~nq oi or at any time pendino a~~ sr~t upan th;s Mortga~e, or to fdreclose it, at to teform it, or to enforte
. payme~t of any deims he~eundzr, snid h1~RTGAGEE sh.~!1 applv to the Cou~t having jwisJ:clio~ Ihcre~i for the ap~wir.tmenf of a Receivet, s~ch Cour! shall -
forthwi~h ~ppoinl a receivar of said mor!gaged property all a~~ singvl~r, ir,dud,rg a!I a~~d s~nyu'ar fhe incon,~, profits, issues and ravenues from whate.er _
' i.,urce derived, each and every of ~vhith, ii being express~y undeestoc+d, is herFby mortgaged as if speufically set forth and described in the granting and
habendum clauses hereof, and svch Receiver shs~l have ali the brcaa and efFective furctions and powers in anywise entrusted by a Court ro a Receiver, and .
wth appnintment shall be made by svch Court as an ad:n~tted equ~~y and a mat;~r of absu!utc r~ght to sa~d MORTGAGEE, and withcu~ relerence to tF.e
adequacy or inadequacy af the value of the prop~:rty mortgaged o• t~ the ioiventy or ~nsolvency of said f110RTG/\GOR or Ihe de(endants, a~d Ihat svch
- rents, profits, iccome, istives a~d ravenues sha~l be appli~d 6y such Receir•er atcording to ~ha lien er equity of said MORTGAGEE and the pinctica of such
Court.
Tu dviy, pramptty and iully perform, d~scharge, execute, efiect, com.plete, comply wilh and abide by each and every the stiputations, agreements;
con~itions and covarams ~n said promissory nete and this mortgage se~ fw.th_ _
9. Tha1 in the event thc owne:s!~ip of the mortgaged premi~es, or any part thercof, 6ecomes vested in a penon other than the MORSGAGOR, the
kORYGAGEE, its successors and assignz, may, wSthout noti.e to the ti1~RTGA~R, deal wi~h such svtcessor or s~,cessor in interes~ with reference to this
mortgagc and the d:ht Fereby s_>cured i~ the some manner as with lrartgagor without in any.way vitialing or d~scharging tke Mo~tgago~i liability here-
under or upon the debt hrreby secvreo. No sale of the Fremises hareby mortgaged and no forbearar.ce on tfie part of fhe /80RTGAGEE or itf sutcessors
or ass~gr.s and ~o exter:a;on o! the time for the payr.:_•r t of Ihe deb+ hcreby se<ured given by the .~ORTGAGEE or its ~uccessors or assiflns, ahall operate
lo release, d+scharge, modtfy thange or affect the orig~nal liabil;ry of the MORIf.aAGt~R here~n, either in whole or in parL _ _
. 10. 1~. is spedfically agreed that time is of the essence of Ihis toMracr and that no waiver of any obligatiAn hereunder or of the a3leqaNon s~
' cvred hareby shal! af any tin:e thereafter be he!d to be a waiver o( the terms hercof er of the instrument secured herhy. -
11_ In add~t~oa to tiie farego:ng mo~~lh!y payments of prirc'pal and interest required by the pror:~tssory note secured hereby, mortgagnr covenants ,
• and agrces to pay to n:orsgacee H.ith eacF~ momh!y payrnent an add~r.onal sum est~n:ated by mortgngze to he equal ~0 1~12 of the annual cost of the follow-
ing: ' ,
. A-AII real property tazes lev;ed n• assess_J a~a~~:st thc abave desaibad real estate. : -
B--Prem~ums on iire and viindsto~m irsu+ar.ce as he!ein requ~red to be carr~ed en th: improvemeats si~uate on the above described premises. ,
C-Premi~ms o~ svch mort~zge guaranty ensurae,ce as mortgagee shall~ t:om t~mr to time deem fit to carry on the loan secured herzby.
• hlortgagEe shail from l~a;~ to time r.ctff~ rr.ortgz~or ~n v:riling of the amount dur anc~ payable hereundt: a~d wch sum shall the~eu~n be due end
_ pa,able on the due date oi tha next monthty payment ant~ P.2CFt successive rc:onth thereaftc: un~if mortyagee :hall ootify mortgager of a change in ~uch
. amalnt. Soch sums shail be appGed by mortgagee to•.~a:d the payment oi real propecty taaes, insurance prem:um;, and mortgage guaranty ins~va~ce
premivms. - . - . _ -
IN WITNESS 1:HER"sOF, the said lAORTGkGOR has hereu~to set his har.d and seal the-day and year first aforesaid.
Signed. Seafed and de'•ivered in the presence of: . ~.i~~ ^~+~~r~ - ' -
_ 3~ ~i;.i= i'r:,~Ttfi't ~L~. ~al?
~ 'Q,E . • F~ - . ~ ~a~
, ~.X-'~~= _ :!;!'s C^-~ - _ -
~ r~~ ~ r r ° V : ' ~ ; L-' (Sea9 .
~ . _ ~ , _ -
~ ~1 ~ a~ 3~ ~ ~ 1 ~ - - (Seaq
i STATE OF FIORIDA ^~w~~~
E COUNTY OF St . ~ Lucie _ ~ ~ ~ .
` J. I.ach
Before me personatiy appeared ~J~Se.~r _ end -
Mary Ri1ri L.aC~1 _ his wife, to me ~vell known ar.d known to me to be
the indiv:duals desuioed in and v.ho execvted the foregoing instrument, and acknowiedged before me 1F.af they executed ihe sarrK for tbe p~rposes
~ the:ein expressed. And the saio Marv Ann ~.dCtl _ - _
~ wife of the said Joseph J. LdCh - paratt and prirate
vFon a se
exam~nation by me taken separate and apart from her s~id husband, e~k+wwleJged to and before me that she er,ecuted said instrument freely and +olun-
rarily and w~shout any compulsien, constraint, appre!:ens:on, or fear of or from her sa~i`
husbind. ~ ~
- - Y~IiNESS my hand and offiual seaf th~s ~ day of A. D. 19 -
E _ _ ' ~ . -
~ _ ~ _ otary Public in and tor the Slate of F ida ai Ls ,
My Commission expirts: ' -
_ Ret9m To: / 1
, First Federal Savi~ s b Loan Assat+at;on •
Uf Fort P;crce. , -.«.,~s-,~ ,;•e "
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Fort Pierce. FloriJ: - ~j'JJJ~
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~ W+~L~~ ~ ~I~ . i I~ _s!~ ~ ~,el~~
7his lnstrument Prepared 6y .1ohn H1. ~ - r 4~y, , ~
~ First Federal Savings ~ ~ loan AssaciatiQn 0 R - - ? ~ +~~~~~:r~ ~ f' j~~~=~,~ , • _
.
~ QK ~'d s : .
~ of Fort Pierce ~Flozida '7 ' L ~ ~ : -r
~ - BO Pl1CE 2~ l~ ~ c;~ ° ,'r~ G~~:r;
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~ Checked By ~1~'" ; _ _ ' ; ,'T U t3. r : ' _
_ f't't :.~4~.''r
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