HomeMy WebLinkAbout0640 3. To place and conl~IlUOU1IY ~.EC~ on +he l~uitd~n9s now or hereafter ~ituntn on said la~d and on all equipment end p:rso~ially covered by thit mortg•
aga, wiih all premiums Ihereon pa~d in 1uil, tire ins~~i:~c~- :n thu ~su~l standar.l F~olity form, in a su~n a~:proved by Ihe AIQRCGAGEE, enu winds~orm
insurance in Iha ~wal standaid pol~cy farm, in a s~in aE,proved by ~hc h1QR1GAGEE, in suth tompany o: tom,.+nias as the MORIGAGEE may
direcl; and al) fira and winJstorm insurarce ;~olfcios ~n any of sa~d t~i'd~ngs, any interast therein.or parl tAereo(, in the agq~egate eum afo~esaid or
In excrss Ih~reof, shali contain the uswl stande~d mo+t~a~ee ciause ur such o~hr~ clauso as ~he l.1or~9ageo mav ~equ~re, maling ihe Ic,~s undrr se~d poli-
cie~, each and every, payab'z to said A10RiGAGEE a~ its ir.~~rest n~ay appear, a~~d csch and e~ery s~ch p~~!~cy si~an be promF~lly asigr•rd.and-de~~vcreJ ~o '
eny held by taid MORTGA~EE es further security io said mor~gsg~ debt, anJ, not ;ess 1l~an te~i (10) days in aJvance ol tha expiratio~i of rach polity, to de-
liver lo said A10RTGAGEE a renc~vsl fhercof, together wit!~ a re,r~pt lor ~hr p~.mivrn of such renewal; a~~d thare shall be no F~ra o~ windstonn insutante ~
placed on a~y of sa:d ~,vildings, a~~y interest IheraLi or pa~t iherc~f, untess in ihe farm and w,I!h ~he loss payablc at aforesaid; and in thz event any ~um ,
oF money becomes payob!e under such polity ot ppGr~s said MORiGAGEE shall havo ~hu opt~on to ?et~ive and apply the same o~ acco~nt o( the indebird- f
ness aecured hereby er to perm~t s~;d 1.10R1GAGORS !o receive a~sd ~se it or any ~~art ti~~,~•of tor other ~:~rF~oses, w~thout ih:rru~ ~.vei~i~~~ ~~~~p~ir- ;
i~g any Fquiry, lie~ or ric~hl under or by virwc of Ih~s mo:tgage; and in Ihe ever.t sa~d h10R1Gr1GORS shafl fcr any r_c,son fail to keep ~he said premiSes so ;
i~sured, or (ail to dclivcr promplty a~y oF said politirs ci insurante to sa~d R10RTGAGEE, er fail promptly fo pay SJIIy dny p~Emivm lherefor o~ in any ~
tespect fail to perionn, d~scharge, exacu~~, eifect, comp;era, co~rp~y w~~h and abide by Ihis covenant, or any parl hrrco(, said h10RTGAGEE may place and `
pay (or such insur.~nce or any part thereof w~thout waivfr.q or affeclin~ any optPon, lien, equ~ty, or ri~ht under or by virtue of this Mortgage, and the f
iull amount o( each and every such paymenl shall be immediately Jva and ~.vyab~~ and shall bear interest trom tha date thereof un~il p~id at the ~ate ol i
~ine per centu~n pcr annum anil to~vther •.~ith svch i~~1cr:•et shail b_ secura:i f~y ~hz licn of thii mortg~ge. t
4. To permit, tommii or suf(er no wastg, impairmcnt of d~terioration oi said Froperty or any part thereof. - i
5. To pay all and sinyvlar the costs, charges and expenses, induding a rcosonabie atiorney's (ee ancf cos~s of abstratts ot titie, inc~r~ed or p~i~! al j
any time by said hlOR1GAG:E, because or in ~he eve~u of tha fa~lure on ihe pan of ~ha said hSCoTGAGOR 1o duly, promp?ly and fully per(orm, d~scha:ge, ~
erecute, eHecl, tomptete, comply ~v~th and al~:de by eath and everp tha stipufations, a~re~me~ts, tonditions, and cove~ants of said promissery note and this _ f
mortgzge any or either, and sa:d costs, ch~~ges and exper.ses, each and every, shail be imm~diate:y due and payatle; whether ot rot there be notice da~ j
mand, attemp~ io coUeU or wit pending; and the full amovnt of each and e~•e~y svch pay~ienl shall bea~ imcrest from the date thereof ontil paid at the ;
rate oi nlne yer centu+n ~~e: a:>>w:n, and 3i~ sa:d cosu, charges and ex:,ens_s :nr„rrrd or paid, ta;~ethrr ~v~th such interest, ~hall be secures' by Ihe lien of thia ;
mortgege. ~
6. That (a)~i~~ d~e cyrnt uf ~:~y•urra~i~ ui Ii~is iv+ori~agc o? defaui~ un ths parl of thr h50RTGAGOR, or (b) in fhe event any of fa:d sums of m~ney
hereirs refe~red en be not promptly ar.d fuU~• paid ~vi~hin Ih~rty (301 days r~ex? aitrr the same severaily become due and payable, ~vithoul demand or notica,
or (t) in thz event eath and evcry the slipulatio~s, ayreements, cond~t~ons aad tovc~ants of sa:ci promissary note and in~s ma~tgage any or either are no} - -
~uly, prompdy anfl iufly perForrceJ, d:xharged, .~cetutpd, etietted, c~mp?eted, tompUed with ar,d ab~ded by, then in eitber or any such event the said ag-
gregate surr, mrntioned in said prom~zsory note the~ remaininy unpa~d, ~vith inte~est accrued, and aii meneys secured hereby, shall become dve and pay !
able forthwith, or thereaftcr, at the opt~on ~f said h102TGAGEE, as Euliy and completcly as i( all of the said sums of money were originaily st~pulated ~
to ue pa;d on wth day, enythirg ~n sn:t: prc,n~ssory note or in this 6lortgag> to the contrary nohvi~hs~anding; and ~hereupon or thereaiter at Ihe opt~on of
said l.".ORTG/1GEE, without not~ce or de:r.anJ, suil at law or in equity, thr..:iore o~ Ihcreattcr benun, may be prosecute~ as if all moneys setured heteby - ~
had mawtcd prior to its institution. , - '
7. That in Ihe eveN !hat at tfie beginnir.~ u! or'at any Iime pending any suit upon this 1.lortgage, or to ioreclos~ it, or to reform it, or to enforce ~
payment oi any_claims he~ei~nder, said 'rORTGAVEE sh"I apply to the CGUfI ha~i~~y iu~~scl:ct;on ~heree4 for ~he appeintmenl of a Recei~er, such Cour1 shall - ~
Fottfitivith appoint a re.eiver of s~id m~rtgaged prop~~~ty a:l and sin~u!ar, in~luci,ng ali and s~ngu~ar the ir.ccme, profits, issues and revenues from whatever t
sowcr derived, each and evcry o( ~tidreh, it being e~Enr3siy unders!croJ, ~s t:ereby n,crtg~ged as if spec~Rcally set forth and described in the g~anting and ~
. habendum ciauses heirof, and svch 2eceiv~r sha? h~v= eit the broad and er~ective func~.ens ~nJ potve~s in anywise emrusted by a Court'to a Receiver, tnd ;
such appointmenf shall be mnde by such Court as an ad~nitfeJ equity anJ a mauer cf absoiute right to said h50RTGAGEE, and withoul reference ro the ~
= edequaty or inadequacy of it:e va;ue oi the prope~~,y mo+tgaged or to th~ so.~c,~cy c~ ~nsaivency of said MORiGAGOR ur the defendaMs, and that such
renis, -profits, income, issues ar.d reverues shali be ~ppl~ed 6y such Rec~iver xcc~rcil~~~ to the lien o~ equity of said A10RTGAGEE and the practice of such
Court. ' i
8. To dc:y, prcropt!y a~d fully Ferforr~, d~scharge, exewte, effzct, corr.p!r:e, ccr.;pty wi~h and ab;de by each and every the stipulations, agreements, i
~ condit;ons ar~d carenants :n sa;d promissory r~vte a:~d sh;s mo•tgage se:t fer~h _ -
9. TFai in the ever.t the av+nershiE- ef the n:otsgaged pre~-ises, or any part thercof, bemmes vested in a person other than dhe 1~lORTGAGOR, the
h1QRTGAGEE, its sv:cessors ancl ass~gns, nup, ~,v;:ii~ut nctice !o the ,1SORTG:-OR, deai wit1: wch successor or svuesso? in i~te;est v+ith reference to this E
mortgage ond ~h~ deol hereby sewred in the som? inann~•r as ~vith l.~urrgagor without in ar.y ~vay vi~iating or discharging the l~lortgagors' tiabitity here- ' :
undx or upon th~ debt h:reby secured. Pdo sa:.~ of tt;e ~:re•nises hereby 1RC/IC,3C~ECI and_ na forbeatance on Ihe part oF the /10RTCyAGEE or its Successors
or assig~s and no ax:ens~on af rhe tima for ti,e paymer.t of ehe deb~ h~~eLy secured given by the IdOR,iGAGfE or its-successors or assigr:s, atiall operate ~
to re!ease, d~sch~~ge, med~(~ char,~e o~ affeu the o~igir.ai I13JiGt~ of the ~dORTGAGOR he~ein, either in whole or in part. ~
- a
10. It is spec:Fically agreed that t~me is of t},e esse=~ce of ~h~s con~ract and ~hat no waiver of any obfigatinn hereonder or of 9he obligation xe- ~
cured hereby shali at any ti~xe thereafter b~ h~•td to be a wa~ver of the terms hereof or oi the instr~ment secv~ed herby.
11. 7n aJditio~ 'o ~f,e forego"~g montf;'y p~ym~nts of ~~ri~~.c'~~1 and interest requ~red by the prom;sscry nore sccured hereb~, martgagor covenavs
and agrees ro hay to r.:c:tgagee v:Eth each ,:~~tirh'y p3;r:;e^.i a:~ aJ3ir~onai s~~m es~ima!ed by rrertgagee to be equsl to 1 j~12 ef the an~uai eost of ih~ follow-
i~ig: -
A-Aq reat prepert•~ ta,ces te•red or osses:rci ag~i•:s: thc ai:o•:e desr.:bed real estate. ~
8-Pren:~urr:s o~ firc and wir:dstcrm insu~a~ ce as he:e~n rcqv:red tv ba ta~r~cd o~~ tha im;~rovements situate on thc above described premises. _
C-Premiur.•s an s~ch n:e~tg,ge nvaranty ir.svra~,te as rn~•tgag~e S~i3ii frc~- t'me s~ timc de~° to carry on the loan secured hereby.
Rtortgagce sha'i from ti~•se ro t~:re ra .ry mCr'yo]Or in v.rit;~g of the aa:.oaot duz a~d ,~?e hereunder and such sum shatl thereupor be due and
" payab!e on the ciue date ef !be rext mo~th p~yment and each wccessive month tne:eait_r urtil mortgagee shall notify mortgegor of a change ~n such ~
a~nount. Svch wms st:a:l be ~ppi~eJ t~ mo~tga~:c tcxard the paymenf of real Frepsrty taze3, insura~ce "prem;ums, and mortgage guaranfy insurante
premiums. _
' IN \'~lTtJESS ::NEREGf, the s~~d t!OtZTGAL'iOR has. her~u~to set his hand and seal !he day and year fi s aforesaid. ~
S~gned, Sealed and de•.ive:td in the preser.tc of: - ~~-~~v``-n-~-'" ~
_ F1LE~ ~Nti~ :~CtlttDE~ - :
. . - - ~ ~ s7 ~~i~s£ :~t~R~' ~l.A. \ ts~aq ;
j. - R~EnT~1T~t!!f Hector J. DePaula Azias ~~a~~ ;
- - £~£~;1C ~.i~;.ti1T ~flJ~?~ ~a.E'~ edfi, ia~ z • ~ ;
- R~~i!T?~ Y~f!'F~£1~..~i....~.:., tL+/ (aeap
_ ~Z~ i;,_ Maelia S. DePaula Arias t~,i) ~
- ` ~f 3 3 ~3 ~'15 =
STATE Of fLORIDA -
;
ss. , .
_ _-S t_ _Lu~ i e ~
COUfJTY pF _ 1 -
6efoce me p?~sona~~y ar~pz~ed ~Hector _J, DePaula Ar1F~S and 3
;fae 1 i a ci . ae Pau 1 a A r i a s his_ wi{e, to me w•e~l knowe ar•d kn~.vn to me to_be _ $
1he individuats descri6ed in and who exec~ted ihc foregoir.g instrument, and acknow?edged befotr me that they executed the same for the purposes ~
t6erein expressed. And the said ~`iaelia S. DePaula AYlaS
wife of the said Nector ,J. DePaula AZ1~ - - , ~pon a separote and private
exam~nat~on by me taicen separate and apart from hcr said hvsbar,d, atknov~•tedged to and before me that she ezetuted s~id instrument freely and voivn-
rztily and w~thout a~y compufsion, sonstraint, apprehension, or fear of or. from her said husband.
LYiTNESS my hand ar.d cfficia! scal th~s___ 3rd day of Jun ~ A p 1975 .
_ - • •
~ :~ota.y Public in and for tbe te of f ida at Large
' My Comm~ssien expires: ~ -
- Return To: //J~ /1Q f, ~
O( O< <
First feci_ra! Savirgs 3 Loan AsscciaGon
. CF Foit P:e:c^. ~
. _ ~
For! Piercc, Flcrid3 ~ S
- 1
- - . _ - - _ j ~ , i:
~ ..4. •.;c.v~ ~ .
' " = ~p " .
~ This Instrument Prepared By John hT. Collins - _ ~ , •
First Federal Savings & Loan Associa~ion - - _ - '
of Fort Pierce , F lor ida ~ O R r_;' _ i
,~p ~ 7[V t+ . _ ~ t ~
Checked By'f~- _ 840l~ ~ ~ _ : f ; k: ~
t ~
- • . - ~
_ ',~r'''%r,r~,~.:~~.::~~` j`
. ~ i
~ - - ; ~ . -
l