HomeMy WebLinkAbout0558 3. To plata and conrinuousiy ~,ecp on thc bui'dings n~w or herrat~er ~ituate on taid land ar.d on ali rquip:nent and persona'ly covcred by this mortg•
age, wlth all pr.:miums thereon paid in (ull, lire imurance in the wual s+ar.cterd po!icy (urm, ir~ a sum ~F.p~oved b~ Iha A10RiGA~iEE, and wind~torm
imuronce in IF.u usua~ ftandard pcl:cy torm, in a sur:~ approved by Ihc hIQRTGAGEE, in euch con,pany or companies as t1w h10RiGAGEE mty
d~rK1; and 31! (ira and windstorm inwrancc pol~ties on a+~y o( Sa~~i txildmgs, a~y tnlerait therein or pa~l therea{, in the ag~rcgare wm afo~esaid or
in extess Ihereoi, ~hall :on~ain the usval s?ar.dnrd mo~tg+9ee clause or such other dause as the 1~1o~tgageo may requ~~e, making Ihu loa: unJrr sa~d {~oli-
cies, eazh and evcry, payab'e Io said ,ti10kfGAGEE as +ts ir,t~rc~t ~iay appear, ai~d eact~ ~rd every such po!icy shall i~e promptty a~s gnE~f and delivered to _
any hald by said lt10RTGAGEE rs furthEr srturi~y to s~~d mortflage daht, and, not lrss than len (10) days in advance of thc expiraGon of each prlicy, to de•
liver fo said A10RiG<~GEE a fl'!1C\YdI 1IICf@OF, ~ogether with a re~e~~~t tor Ihc p~emivn: o! such tar.ewat; and there ihall bs no fire ar wii~dstonn insurance
placed on any of eaiJ buildin~s, any iMerest th_rein or part tt~ereol, unl~ss in ih> form and v~~th tne loss pa~rable as atoresaid; and in thc eve~l any su~n
o( mo~ey becomes payable under suth policy or poGcie~ taid A10RTGAGEE shall hava ihe optibn to rec•~ive and apply Ihe same on accouM of Ihe indebtzd-
~es~ secvred hertby or to psrmit sa~d ~.1aRTGAGORS lo reteiv~ and usa it or any p:rl ihe:aol (or othrr putposes, v.ithcul Ih:ni~r wai~~~~~ ct ~mpair• .
tng any equ~ty, lior or ~i9ht ~nder or by virtur of thia ~r,origage; end in the event sa~d AIORTGAGORS Sfiall (vr any reaaon fail ta kcep the said p~emises so •
i~sured, or fail lo de~iver prom~~tly any of s~id pol;cics of in:urancr to sa:d h~ORiGAGEE, or fai! pranptly to pay Ivlly any premium therefor or in a~y
respect fail lo pertorm, disch,rge, execute, e(lect, co~nplele, to+nply wilh and abide by thts tovenan?, or any parl hareof, saic: h!ORTGAGEE may plac.: ond
pay for sucl: insurance ~r any part thereof v.~fhout weiving or affettinc~ any uNtion, ~ien, equ~ty, or right un~er or by virtue o( this hlortgage, and the .
full amount of each ar.d e~ery such paymrm shall be ~mr+,ed'+ately due and ~yable and shail bear inteces~ frum the dat. thereof until paid a1 ihe rate of
nine per centu~n per annum a:~d ro~etht•r ~ti{t!, such ~o~er_it shat{ l~ cecured by th•_ Gen uf th~s mortgage.
4. To permi~, commit or suffcr no ~vas~e, iropainncrt or Jete~iorat~cn of sa~d prepc~ty or any pz~t thereof.
5. To pay all and aingular tha costs, charc~es and expenses, intl~d~ng a rersonable attorney's (ee and costs of abslracls of title, incurred or paid at
~ any time by said hldR1GAGEE, because or in ihe event of th: fa~iure on tiiz pa~t af ~he said AiURTGAGOR to duly, promptl~ and (ully Fe~iorm, d~scharge,
exec~te, eftect, comple?e, comply wlth and ab;e'.e by ea.h and every th^ stipu'ations, agt~'~m~tts, cond~tions, and covena~vs of aaid pranissory note and this
mortgaga any o~ either, and said co~ts, charges and expEnses, each and ~very, shall tx immediately due a~d payable; whether oi nel t'~are be noti.-t• d~
maod, alte~rpt to coilett or suit pend~ng; and the fu!! amovnl of each and avery svch paymenl shat! bear i~t~ies~ (rom the date thereot until paid at the
~ rale os ~~ne per c~nt~m pe~ or.r.~:n; and all said cosrs, cliar~e. a~:d exE~er:~.s ir.t~rred or paid, toge~her ~vith such interest, shall be secu~ed by the liei~ of thii
norfg~ge. " , -
6. That (a) in the evenl of any breach of this Vlortgaga or defau!t on ti~e part of the MOfcTGAGQR, ~r (b) in 1he even+ eny of said svms cf mane~e
fierein referred :o be not pranpNy ar.d futly paid vvithin thi~ty t30) dayi nex~ afrer the same severally bzcome due and payai~ls, without demand or notice,
or (c) in thr event each and every ~he stipu!ations, ayreemenls, conditions and covenants of sa~d promissory note and Ih~s m~rtgage any or e~iher are no1
~uly, piomptly and fuliy performed, ci scharged, execut~d, eifected, cana;ered, compGed ~•.i~h and ab~ded 5y, the~ in either or any s~ch event the said ag-
gregate sum mentioned in said prom~ssory note ~hen remai~ing unpa~d, with inte~es~ acaued, and all moneys secured hereby, shall become due and pay
able foHhw;th, or therrafter, at thc ops~on of sald A10~tiGAGEE, as ful{y anJ comple~ety as if all of ~hr said sums of money were or~ginnlly sGpulated
- io be oa:d on wch day, anythiiig i~z ss.J prom~ssory note or in this hlartqage to ~he contrary notvi~thstandiny; and Ihereu~on or thereafter al the option of
- said MORTGAGEE, w~thout not;ce or dcr~~and, suit at law or in equity, thereiore or th~reaiter begun, may be prosecuted as if a!I moneys secuned here6y
had ntatuted pnor to its inst~tu'ion. ' -
7. That in the evcnt that •;1 the heginnir.g ei or at any time pending any s~it upon this hlortgage, or fo foreclos^. if, or to reform it, or to enforte
payment of any c~a~ms hsreur.dar, s~id 1.:ORTG%+v~t sha'I apply to tfiz Court haviny jur~sri:c~ien fhereot for the appointmenf of a Rece;vrr, such Court thall
Forthwirh apt.aSrn a receiver of ssid mor•~a~ed urep_•t~ all and eir.gular, if:tlvJ:n~ a;l. and s~ngular the income, pro0its, issues and re~enues froin whatever
sou~ce d-crEved, each and ev~ry ef ~vh:ch, ir kti~r.g e~~:ress:y und_~stoed, is hereuy r.~crt3aged as if spec~ficatly set forth and destribed in the grantin9 and
habendum ciavses h~reo~, ar.d such Re:eive: shall havr af1 tt~e broad and efieUive Fur.chons and powers in anywise en?rusled by a Couit ta a Rec=iver, and
such appointmenl sh~lt 6e m~de by such Ce:,n as an ~d:n~;red eq:.~ity and a n:afrer of absolute riyht to said h50RTGAG~E, and with~ut reference to the
_ adequacy or inadeq~~acy oi the va!uc oi tha properry rno~rgaged or to the s~.ve~.cy or fnsa!vency of aaio MORiGAGOR or the defendants, and Ihat such
_ rents, profits, income, issues ancS rcvenues sha;l be a~~lied by such Receiver accord:~ig to the lien or equity of soid MORTGAGEE and the practite of suth
Cowt. - ~
" 8. To d~ly, p:omptty and (ully pertorn,, d;scharge, exzcute, effect, con:ptete, con~piy with and a6id~ by each aaJ-every the stipvlatioos, ag~eemeMs, ;
cendiliQn~ and covenanU +n sa~d promissory note and ih[s mortgage set forth. !
' t
9. Thar in the event the ownersh:p of th~ mor~3aged premises, or any part thereof, becomes vested in a person other than the h50RTGAGOR, tFe
h10RTGAi~EE, its succeuors ar.d assigns, may, vrithout r.et~ce to the :~rJoTGti02, dea; •,viih such succcssor or successor in interest with refeeence to this
mortgage and the debl hLreby secured in the same mar.n~r a; ~ti~iih Alartyagur witheut in any wey vitiafing or discharging the 6'lortgagors' liab:!ity here-
- unde+ or vpon th.- debt hereby secured_ No s~'a of tl,e Fren:iszs hcreby mortgagzd ar.d no io~bearance on Ihe pzrt oi the IAORTGAGEE or its successors
or ass~y~~s ard no extens:o~ of the time for the ~,aymeN uf the deb~ hereby setured given by Ihe MORTGAGEE or its suctessors ar assigns, ahall operate '
to re'ease, d~scharge, motlify chan9e or 'affect the originaf liau:~~ty of the A'.URLGAGGR herein, tither in whole or in part. ~ i
10. N is spec~(ica!ly agreed that time is of the essence of this contrau and fhat no waiver of any obligation hereun~er or of the obligation sr ;
- cvred h.reby sha!i at any tirr.e ihereaher be hcld to be a waiv<r o( ihe terms '~creol or of 1he instrument secured herby. !
_ 11. In aod~t;o.~ to !F:: For=go'nq .•;onth!y paym~n!s of p~inc p~; and 'cnterest required by the pr~miszcry no~e sewred hereby; mortgagor covenants i
and a~rces to pay ro r.:ostgacee ~•.=sh ea~!~ rren~h:y F-a;rce~~: an add~~4onai su~n est~mated by m~rtgagee to be equal to 1%12 of the annual cost of the fo!lovr-
in3: - _
.
A--AII real prcperty tax~.s 'e•red or cS52S5~-(7 ?t~]F;st thc acove dezvi~ed ieal es~ate.
3-Prcr.:-ums on fire and v~ir.3sro~m insvrar.te a> he:ein rcqu;red to oe carried en the improvemQats situa?e on 1he above described premises.
C-pre+niums on svch mcrtg3ge g~ar3nty ir.sura~.te as mortga3ee sha11 frcm t~me to tim~ dee:n fit to earry yn the loan secured hereby_
• 1.!ortgagre s~a:~ frc~r. !~:n~ to tlc~.e ~c!ify rcortgag=: in vr~~s~ng of tFe 'ar:ount due and payab}e hereundrr and s~ch sum shall tnereupon be due and -
Fayab?e on the d~e cat~ oi the tzext :-~or.th;y p~yment and each successive rr.onin thereafter untit martgagee shaU notify mortgagor of a change in w.h -
amount. Such sums shail be ap~~licd by mortgagee tor.ard the pati•~~ent of real property taxes, insvtance em:ums, and mortgage guaranty inwrance
pre:niams. ~ .
1! '~r7E55 `YHE 'OF, the sa~d J'. OR G~G P. has hereunto se? his hand and seal tfie day and yea st aforesaid. . ~
~ ~ "ne ~e d a ~e;ive in the p s e af: ~ ~~a ~D ~1£S~q ~ = . . ~
~ . ST.i.'V~i~ C~ti1iTY ~.A. ` i
, - --RG~rc?~ P41;RllS ' 4Sea~) ~
~ ~ ~ ~
- - CL£~:x G~KL'titt Go0R1 ~e e on _t~a~~ .
- - Il~CAR~` YfR1F1fL~~ - G " ~=f - (Seal; - ;
~ - - j~ G er.da K. Long #
. ~ ~ NA 7s ~ ~~J (Seaq ~
STATE UF FLORIDA ' ' - . ~
couraT•r oF _St . _Luc ie _ ; . 3~94~9 - , ~
8efore me personali•i ap~~~,ed _ George w. LOIl9 - _ and
~ _ Glenda K. Long t,~: ~vife, to me-~vell knotivn and known to me to be
f - the individua!s descri~ed in end vrho executed the foregoing instrumanl, artd ackno~v:edged before me thaf ihey executed the same for the Furposes ~
_ therein expressed. And the s~~d- Glenda K. Lang -
_ ~wife of the sa~d George k'. LOllf~ - ~pon ~ separale and private
exam~nat:on by me :ak~n separate and ap;.rt from her s~:d fiusbarxl, acknavvtedged to and before me that she executed said instrument-freety and vo!vn-
ta:i;y and ~vithout any compuiaien, co~straint, a~prehens[on, or fear oE or frem her said husband. -
WITNE55 my hand and official sea! th:s_ Znd _ day of _ - JUne q, p, ~q 7S
• t..f~~2~~~~""r'~'v~-1
Nofary Peblic in and~ j the State of Florida at large
Resurn To: ti~y Commission expifri: fp ~ 3 d . ~
e
First Federal Saviags o toan Asso:~at~on ~ {
OF Fort F:=_:ce. , . ' ~ , ~
- Fort Piarce.. Fler~d~ . 5~•~:+I~ti~~~- - ~
~ ! L/ < ~4<< ~ . -
_ - ti-:~~.~~i ` .
~~;v.• ~i .
. . . . ~ ^ _ _ ~~j~•'.Ly
- ' V :''•tts
This Instrument Prepared. By Gary F. Ellwood ~ =~'~,,~7 ` =
First Federal Savings 8~ loan Associatior, , : ? _:~Itf~;~;;; ~~1 ' ' ' _ ~
- of Fort Fierts, Florida : ; : .y:.: ` _ r-
- ~ b R' ~ . . ~ s .
Checked ~s - BOQK~'7~V fAGE 5tX7 ' . ~~G` ' ~ •
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