HomeMy WebLinkAbout0692 3. To place and ton~~n„o~sly krep on Hie bu:!d:~~gs now o~ hereaher f~tuj!e on s3io I~nd and on al; rquip~nenl e•~d personalty covered by th~s monp-
e~e, wilh all pre~~iums tnereon p~~u (u}I, lirc inivrsntc in Ihc usual srai.ciarJ poGcy Eorm, in a s~m apptovetl by IhN h10RIGAGtE, and wincsitoim
insurance i~ ~he v3wl ftandard po::cy (~r~n, in a w~n approved Ly ~he ~~10R1GAGfE, in such con:pany or t~~»panic~ af ~he ~.50RTGAv'Ee may
di:etl; and a!! {ire and v~~ncii~or~n inauTanc~ potlc~es on any of s+~d buitd n~s, a~iy inr~r~it thcre~n er part thzieoi, in tho .•gg~egate i~m a(oresa~d or
In excess Ihe:eof, shall contsin th~ uwal standarJ u~urigae~eo c~auto ~r suth oth~ar c~a~:e es ~he Rlortgayee may ~eq~~re, maAing Ihe loss u~dsr ~a~d poli- Y~
cits, each and every, pa/able to s~id MORTGAGEE af ~ts i~Aerest may appear, and c~acl~ o,:d eve~y wch po~icy shall be pron~ptly ass9ned a~~d delivrred ~v
any heid by said MORiGAi,FE as furlnar seturily lu said ~ewrtgag.: debt, :'ass ~fian trn (10) dais in advance of 1fia expi~al~on ot each policy, to de•
livcr te sa~d AtORTGAGfE a ren'rwal Ihereof, togeth~r wiih a re<o~pt (or the prenuurn e( w~h r~newal; and It~ere shall ba ~o f~re cr windstorm insvrance
placed on any o~ saic! Uuildinys, any inleresl Iherein or par~ iT~er~u(, u~lrse i~ thA lorm and •fi~iih the loss paysb!e as a(ores.~id; and in ihe eveM any tum
of ~~O~Cy ~~BCOmCS payab!e unJrr such polity or policies sa~d ~~ORTGAGEE ~hall he~e thn oprivn to ~eceive and appty the sa,ne an acc~unt ot the indabted• ;
nEfs Securtd i,ereby er Iu pcr~nit S~itl IhORTGAlaORS !O tCGaivc a»cl use it or .~ny E.?r1 :i~era o~ ft.r ct~,t r{:ur~•C•Sc~s, ~•+~ti~o~l th'~i i~; wai+i~i7 or ~~~~;~~•r• _ !
ing any cqu+fY. lien or ri9ht unde~ or by virtue oi this mc:'gagc; and in the event sa_d ldORiG:'1GORS shaU fo~ any rcason lail to kcep the said prc~mises so ~
insured, or (ail t~ dcli~er promptly any of sa+d polic~es o( inw~ance to said /dpRTGAGCE, or ia~! promptly to pay (uily any premwm the~eior o+ in any
respect faif ta perForn~, d scharge, execute, eitect, comptete, comE~fy tivlth and ahid~ by th~s to+enaM, o~ any pa~l hercof, said MGRTGAGEE may place and
pa~ for s~ch ?nsvrance or any pa:1 thereoF w~tliout •.vaivin3 or afiec~inQ a~y opt~~n, lien, equ~t~, oc righ~ under or b~r virlue of this hluNgagr, and the '
iu~l amount uf each and e.ery svch pa~ment shal! b. imrnediateh~ J~e ar.d }~yab'e and sh.eil bear inhrest from tha date thereof ~ntil paid at Ihe rrte ot
ni~ie pcr centum pcr annu,n a+ed toqetl:~r with wch inta,~at s}•.+?1 be s~-curcd Ly the l~en oi th~s mo:tgage. . .
d. Tp permit, commit oc auHe~ no v.aste, impaiomenS or det~~~ioration oS said prcperly or a~y ~art Ihereof.
5. To pay ali and singula~ the costs, charget and expensas, in<lud;ng a reasenable attorne~'s fee and costn of a6strads of ti11e, incurred or peid at ;
any timc by s~id h10QlGAGiE, because or in the z~~ent of th, {ai'ure on the part oF ihe s,~iJ AlORiGAGOQ to duty, pro:t~ptly and futly per(orm, dischjrge, ~
execute, eSiec+, «mpfete, zompfy wnh r.nd ab:c1~ by ea:h and eve~y ?he stipu!a+~cnz, agrecn•.~nts, condit~ons, and covenants of said pro:nissory note and ihis
nwrlgage any or e.~ther, +~nd aa:d ccsts, charqes rnd expenscs, each and evr.y, sha;l br immtdiately due artd Fayabte; whether or not thero be notice dr
mand, atternp~ to collett or su;t pending; and 1ht fu11 amount of each an~~ every svch payment shall beai interes? from tht date ihereof until paid at the
rate of ninr pcr cahtu~n f~r aii,~uay .~id ali s,ic! C49'S, C~13: JCS a~~d ~:x;~~neri ir~vrred or pa~J, loyethcr tiv~1h such interest, shall be secureJ by the lien of thif
mortgagc. . . ' `
6. That (a) in th= event of any breach of th~s Alortgage or d?~ault on ~he p~rt e( the h!ORiGAGt7R, or •(b) in the event any of sa~d sums o( money ;
herein refrrrzd to be not pron,p~fy and iu11y E:aid wlih~n Ih~rty i301 days n~i,~ a~~•_r the same severaily beeome due and payable, wi~hou~ demznd or ~otice. ;
ot (c) in iha svent eact. a:tJ every tne s:~pu:atinns, a3reemems: co~:d~iions and cuvenants o: sa:d pram:ssory ~ote a~d th~s mortgage any or either are not
~vly, premptly a.^.d i~lly pzr(or~ned, d scharg•~:i, cxecut•~d, eSfectcd, complc:ed, co~ni,~:ed with a~~d abideJ `~y, then in eithsr or any such event the sa~d ay (
gregata s~~m mentioned in said promissory note tlien ren~~aining u~~pa~d, witn imere,t ~;trued, and ati monc>y3 secured hereby, shall become due dnd pay
abte forth~ith, or therr~fte~, at ihe opr~on oi s~id ~.!~RTGAGEE, as fv~ly arxl comp~rte!y as if all of the s3id sums of money were ori3inally stlputated
- to b~ pae6 on scch d~y,.anylhir.g i~i sa.d p~t:n~szay note or in this 1.:errgage ~o the cemrary notwithstandi~x~: and the~eupon or,lhereafter at the option of
said MORTGAGEE, w~~h~ut no~~c~ e: d_•tr,.~r.ei, w~r at Iar~ or ~n eq~~t~r, iherefore or tt:ere~fter begvn, may be prosecWed as if aN moneys secured hereby
had matured pr~or to ~ts institunnn. _ - . ~
7. That in th~ event th~t at the 6ey:nninq`of ~r at any tlmc pcr~~i~~g a~y su~t upon tlus /a.ortnagz, cr to foretlose it, or to reto~m it, or to enforte
payment of an~ c13imS he'e~r,d_r, :±i~i IAO~T~;AG~E shaH au;,;~ to the Co,,ri hnvmg ~urisci:t.:nn nc~reo~ for ~ha appa~ntmem of a Receiver, such Covrl shall ~
forth;ti~th appoiN a rc.eiver of s~id n:e~t~;g~c? p~cpa~!y ai~ and s~ngu~ar, ir,c:vd:nq a1i ancl sin~~•!ar the income, profits, issues and revenues fevm whateve:
scu~ce der~veci. e~ch anr! evcr~ of v.c~:cn, it l,~~iny e~y,-ess'y unde~s!ecd,'is h~«by morlgaged as ii specilically set ferth and described in the granting and
hntendwn ciausei hereof, ar•d s~~ch Rece~~•~-r shalt have ail the ~road a~,d effcu:+e f.~r:ct.o+.s and powe» in anyw~se emr~~ted by a Courl lo a Receiver, and
such aFpointme~~t shal~ be n~ad_ t,y s~th Covrt as an admittrd equ~~y ond a ~Tau~: oi ai~solute right to said ASpRTGAGEE, and withouf reference to the
atleyu~cy or inadeqvacy ot tt:a vaiu~ oi ~iie preperty morlga~ed or io thr so~'.•~•n[y ~~r iri.otver.cy of said 1.50RiGAGQR or Ihe deienJ~ms, and that such ~
rrn+s, prufits, inc~me, iswes anJ revenves sha~1 be a,.plied by such Rece]ver aaord;ng to ti,a lie~ ar equity of saiJ MORTGAGEE apd the pradice of such
Cour1. _ (
S. To duty, prcmpdy and iull~ pe~Ferm, dis:harye, eKecute, effect, co~r.plNrc, compiy w~th and ab~d~ by each and every the stip~tations, agreements, ~
canditlens and covenants ~n sa:d promissory nete srr,~ th~s n~o~tgagz s~+ fortn. - -
9. That in fhc evert the ~h~nersh~p of 1};e mortgaged premises, or any part lhcieo(, 6ecomes veste3 in a pe+son other tfian the h10RTGAGOR, the ;
ti':CRiGAGE[, its sutcessors •~~J assi~ns, n'..~y, ~vi~hoc: natice to ~1~e .'J:OniGAOR, dcal vvi~h such successor or succestor in interesf with referen~e to this
ma~yage and ~}:e dcbt hereby securad i,~ th~ sa~~~e r.:ae'.ncr as ~.vS~h fi!orrgagor wit?~ou: in any way vit~ating ur discharging the Mortqagori (iability here-
undrr cr upoq thc d:•t,t t:ereby secu~ed. ~:o sa e of ff:4 p~E~rJx~~a i,_reby mortgaged ar.d no (ortearan~z on the part of Ihe tTORiGAGfE or its su~cesso~s . ~
or assigns and no ex~ens~on et !he )::-+e fe: the ~,yn-ent of th~ ~'eb! hrreby secur~d given by the 1.10RTGAGEE er its successors or ass~gns, ahal~ apereta
lo re?eas~, d:scharge, mo~~~fy change ~or a~reu the or~ya=~a! I~a~.i,ty of ef~~ f:.ORiGAGOR here~n, ?ither in wliole or in part. '
10. U is spectic~ll? ag`eed th~~ tim~ is cf tf:e essence of th:s contract and +hat.no waivet oi any obtigation hereunder or of ihe obligation se-
,ured hereby shal~ at any tin:e ~hereaiter b> he'd to u•_ a v:aiver of Nie !emu hereof cr of t1,e instr~:~ent secured herby_ -
- 11. In a:iJ ::cti ~o •h.- fU~E`10 n:7 ~:;o~~'ii'y };:,ym:nr; of p•i:.c pj! ar.o i,~r,:i~st reav~:ed by th= prom;sso:y nore secured herzb~, mort~agor covenanTs
and agrces ro pay to rno:ta~~^_e v:~~h e;cf~ ,t~os~;h:y pay~~,er~ an zrfclir~ena~ su~n es!•:~~ated b~ morsgsqee_ to be eqval ta 1~ 12 of the annual cosf of the fo~lo~r+-
ii~g: _ -
A-A!I ~_al ~;roperty taxes ~ev+:d or ass:::~•d ag:~~~s± ~i~c~ a~~o:a d~;crib~d r,~ai es~ate.
fi Fr::~:;~u~~~s en fire ar•d •r.i.-clst•~r~n ecsura:.ce as hve~n r~q~~:~ed to be cafr:~d c~~ the irrprov_ments situate on the above dsscribed premises. _
C--P:e+~~•r~s o~ s~~=_h m.rln~ge ouaraat; ir.su~3~.cc as n~o~}yac^e s!inli frc:r. r.^~z ta time dean fit to .arry on the foan secured hereby.
l.!or+gagre s%~~ i c=c•r. '<<~:~r ro z~:ct~i; r~crryag~: :n v,.:t;rg of t!;e an:o~~t d::n and payab'.e hereunder and such sum shall there~pon 6e due and
papable on the cE~~~ cat_• cf the ~:^<t -,»~'n:; r,eyme~:t and each s•~ccess;ve mor.th r'r.~~reaft~r ur,f~: mortg~gee shall noiify mortgagor of a change.in such ,
a~sovns. Such sums sh3'.1 k;r app!icci ty mo:~gag•~e to::a*d Ihe payment of rea! properry taxes, insurance prem:ums, and mortgage g~aranty insurance
' ~ ~.!=..~;um5. . _ - . .
IN YrITNES$ '++NER~Gf, tne sa~d A'.v^RTGi1GOR has h=E4u.~to set his hard and sea! the day and y irsf afOres id_ ~
S~~ned, Sealed and de!ivered ' tF.e presente of:~ - . • ' f
(Seal) ~
~ ~
' ~ c~ K Sler (Sen!} !
_ - ~~~-aE.-~[~L.~ - :Seaq ~
- ~ Ila J. esler (s`ai~ ~
~ - - - - _
I ~ _ - _
i STATE Of fLORIDA - . ' ~
~ SS. ~ " ;
CGUNTY OF SL . LUC 1Q _ ~
_ ;
Bafore me p=_r;enaiiy aP~ez~ed ____Ray_ Ke s ler . ar,d ~
_ I 1 a J. Ke s le r his w+4e, to me v:ef1 kna~vn and kno.vn to me to be
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the ind~+id~a's dcscr.~ed in ard ~:ho 2XEC~:iCd rh~ foreg~~ng instrument, and zcknor::edgeo befwe me that they ezecuted the same for the purposes ~
i- therein expressed. And the s~~a_I la .T . ~ S 1 eZ -
Ra EGeslez - :
- ,r~iSe of the said y upon a aeparate and privare
~
, e,cam~natron by me taken se(Td~d1c ar.d apart fr~m her said husband, ~tkno,.SQdged to and before me that sFe executed said instrument freety and volun•
. tarily ar~d vi~`hout any COTaJ~S'O~l, constraint, ai,prehen or ear oE cr from her said husband. ;
VlIi;~FSS my hand snd offic~a! seal th:s ~ day of - ' A. D. 14_ 75 ~
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- _ ~.L
_
. otary Pubtit in and r the State orida a rge j`
My Commission expires:
- ^etum Ta I~'
Firsf Federa7 Sa'+~~ ~s & losn f.sslci~+~on. _ ( ~
Of to:: Pe:c-:. ~ - ~~n ,-~;'~t.~~',` ;7.:~,.. -
fo~t ~ierte, f!^~;da ~./~~r~ : ~y ~ ~ S ' ' ~ •
FILED AMD R~ OR L~ ~,r~ ~ • i V'-=
~ <
~ - s~. wc« cour~rY , ~
_ - -a:.~
~ _ - ~ aoc~~ ao~Ta~s~ : . :
7his Instrumenl Pre ared B• John 4k. Col l ins CIERK CtRCU{T COUR1 t~' p:''v - ~ : c'
P y RECORQ VERIFIEO~...........,. _ ~ • -
Firsf Federal Savings 8~ toan Association ~ ~ ~ ~ ~ ' ~
~ Florida : r' ~'•`'r'~•'!~~
r~ .
.f '
of Fort Pierce ~ ,1 2~ ~y f~G , ;
1'ui J ` ' Cy•
_ _ ~a
Checked By _ - - ,
'''~:s..~ i f
~o~x 24U p~~E ~9~ - . _ ~ ~ ~
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