HomeMy WebLinkAbout0815 3, To plate and conNnuausly keep o~ the bui!dings ~~ow or hereaiter si~uata or. said land a~d on all r.qvip.nent and p_rsoneily cAVCred by thi~ mortg-
~ ega, with aU premium~ lhereon p~~d in (~II, fire in~u~once ~n the usual srandarJ ~,o1~cy form, in a wm a~.proved by the A10R~GAGEE, and windtrorm
insurance in tlw usuel s~andard pol;cy (or~n, in a:um approved t~y Ihe h10RTGAGEE, in such company or cam~anies as Iha h10RTl•AGE"t mey
dirrcl; and all tire and w~ndsrorm insuronco po:ic~es on any of sa.d b:,~Id~nys, any interrst lherein or p~~t thereof, in iha aggregate sum aforesaid o: }j-
in excess Ihereof, afiall contai~ ihe usual srandud morty~gee clau:e or such o~he~ cii~se ai the Alortgayea may requ~re, mahing :he foss unJer sa~J poli•
ties, each and evrry, {•ayi~'a to said MORiGAGtE as ~ts interest may appesr, anc~ each a~~d every svth poe:cy shaU be promp~iy ass9~~ed and delivered to
any hNld by said ~~10RTGAGEE as further security to said mortgage d~bl, and, not tess ~han tcn (10) days in 6drante of the expiral~on of each polity, to da• '
liver to said AIURTGAGEE a rene•xal thereof, to9erher with a ret~ipt for Ih: p~emium o( such renewal; and ihere shall be ~o f~re or wirdsto~m insurance ~
placed on any of said buildings, any intzresi iharei~ ot parl tt~a:co(, unless in ~he ~cr~~~ a~d .viih ~hc lou payab!e as aforesa~d; ai:d in thc eve~i! any sum ~
of money becomes payable under such policy or policies se~d h10RiGAGEE shail havo ihe opt~on to ~ecaive and apply tha same on accoum of the indebted• ~
oess xccured hareby cr ro pennit said ?.10RTGAGORS to reccivu and use i1 or any p;~t tlicre~f lor osh~. ;:w~~osez, v.iihout tt~:r,b; waiv~n~ o~ ~mp~ir• .
ing any equ~ty, lien o? ric~ht vnder or by virtua of Ihis mo:tga~c; and in tba ev~nt sa~d htORTGAGORS shall for any rcason (ail to kcep IF:e said premises su : ~
(nsured, e~ f~il to deliver promptly any of said poGcies of insuron;e to said h10RTGAGEE, or (ail p~omp!ly to pay fully any pr~mium therefor or in any !
resFect fail ro pertorm, dischargq execute, e(Fect, ce+npleta, co:npty ~v~rh and abide 6y thts covenant, or any parl hereof, said hlORTGAGEE may place and i
pay ior such insurance or any part Ihereof withoul waivin~ or affec!ing an~ op~ion, lien, equ~ty, or riaht under ar b/ virtue this hlortgage, and the
i~ll anto~nt of each and every wch paymem shall be immediately due and payab!c anJ shall bear inwresl from 1ho date thereof ~niil pa~d at the rate o1 +
nine per ce:ilum per annvm and Io~ether ~tiith sv:h interest sh.iil be secure~ by the; lien ot Ihis inortgan~. :
4. To permit, commit or suffer no wasla, impairinent or deterioration of sa:d propc~ty or any part thereof. ,
5. To pay all a~d singular the costs, char9es and expeiises, including a ~easonahle~at~orney's fee and costs of abstracts oi title, inc~r~ed o~ paid at
any time by saiJ h10RTGAGEE, because or in the erent of ~ha (aiture on the parl of ~he sa~d h10RTGAGOR to duly, promptly and fully pertonn, d~scharge, ~
execute, effect, ccnzplete, comply wdh and ab~da by.eath and every tha stipulatri~ns, a9reements, tondilions, and cove~~ants of said promissory note and thii
mortgage any or ei~her, a:~d sa:c! costs, charges and axpenses, each and eve~y, shatl ba immediately due and payab!e; whether or not there be not~tr da
~ rtrand, sttempt to coltect or w~t p:nu~ng; and ~ha fvl! an~ovnt of each and ever~ suth payment ahall bear inreresl (rom thn, d~te thereof unlit paid at the
rate of n~ne pe~ tantwn per annu:n; a:id atl said coses, cha~~es a~~d cxuenses ir.turred cr pa~d, toy-ether ~v~th svch inierest, shall be secured 6y the lien of thls
mortgage. _
b. That {a) in the event of any breach of th~s Mortc~a9e or aeFautt on ttr= .pArt of tl:e MO&TfAGOR, or (b) in the avent any of sa.d suma of money
herein referred to be not promplly and futly paid ~•~ithin t}.~~ly (30) days next a4tcr ~he same severa!iy become due and payable, withaut dernand or notica,
o~ (c) in the event .sch and every the stipulaticns, agreements, condit~ons and covenanrs of sa:d promissory ~io:e and th~s mo~tgage zny or either are not
ivly, promptly and Fuliy performed, d;seharged, executed, ef(eclyd, completed, compt;ed rf~ih and abided Sy, Ihen ~n e~ther or any svch event 1he said ag-
gregate sum mentioned in sa~d promtssory notr then rcmair.ing unpaid, ~vuh iNerest acaued, and all moneys Secured hereUy, shall become due and pay
able forthwith, or therea(ter, at the option of ss~d h10RTGAGEE, os fuliy ar.d cump:eicly as i{ all of the said sums of Tr,oney were origina~ly sGpufated
to be paid on such day, anylhing in sa:d pron:issory note or in this f.lortga~~a to ihN contrary not~v+ths~anding; and thereupon or therea{ter at the op~ion of
said MORTGAGEE, without notic~ cr demand, suit at !aw or in equity, the~efore or theresiter begun, may be prosecvted as if all moneys Setuted hereby
had maWred prior fo ~cs instNution. -
_ 7. That in tha event that at the beginning ui or ai an'y c~r~,~ ~e:~ding any su~t ~pon this M,ortgage, o~ to forecloSt il, or fo reform il, Or to enforce
" payment af any clai;ns hereunder, said ;1\ORTGA.GEE.sha11 apply !o rf:e Court havirg jw~sd:dion thereoi for the appointment of a Receiver,.such Court shall
forthwith sppoint a ~ec:iver of sa~d mortgage:i propcrfy all and singu!ar, inclvd:ng a~l an;! s~ngu~ar the incomo, prelits, issues and revenues from whatever
saurce darivc3, eacl~ ar.d ev~ry of w?uch, rt t4ir.g expreosly unders~eou; ~s heieby crortgagrd as ~1 spec~fically set forth and descri5ed in the graNing ~nd
~ habendum clauses hereof, and such Receiver shall hava aU the broad and eifecrive fvr.cs~o~zs and powers in anyivise emrusted by a Court to a Re:eiver, and
suth 3p}x~intment ahall be msdo by svch Court as an ad,nitted equity and a i~~atter of abso!ute tigh~ to sa~d MORiG1:GEE, and without tefe:ence to the
adequacy cr inadequacy of the va:ve of ~he property mortgaged or to the so:vency cr ~nso~ven~y of ~a~d I~ORiGAGOR or the defendants, and that such
revs, prof~ts, income, issves and revenues sfiatl be opptied by such Receiver accor.;f~:g ~o ihe lien or equity of said R10RTGAGEE and the practice of wch ~
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8. To dul ro+~' 7. ~ and fuN erfo+m, [IiiLh3i exrcute, effeu, com 'ete, ccm ' with and abide 6 each and ever the sti ulations, a reements, - ~
Y. F P~1 Y P 9°• P• P~% Y Y P 9 i
conditiens and cov~nanss in sa~d p:errissory ro:e and this rno~tgaga set forth. - ~
9. Tha: in the even? th~ ownership oF.th: mcrtgaged premises, or any part thereof, becomes vested in a person other than tFe MORTGAGOR, the j
1~10RTGAGfE, its succ<ssors aoc7 ass~ins, may, wi~ho~t ncT;ce ro the :10RTGAOk, deat r~ith such sutcessor or successor in interest ~vith re(erence to this
mortgage ar.d ti~e c+~bt he:eby srcured in the same manner as wiih .".tiortgago~ w~thavt in any .way viHating or d~scharging the 1.lortgagors' liability here- i
urtder or upoT: the debt hereL~ secured. rao sate oi tF:z F~emises hereby nw~tqaged and no forbearance on Yhe part of the /~10RTGAGEE or its successors
or ass;9~s and.nv exiensian of ihe Rim~ icr ~he payrr.ent oi tt~e debr hereoy se~ured given Ly ~he t.50RTGAGEf or its wccessors or ass:gns, shall operate i
to refease, d~scharge, mod~fy chang~ er affed the o!igin~i liauility c•f ~he N.OR7GAGOR herein, either in whofe or in part: E
- 10. It i~ speufi:a~ly agrred that Iim~ is of rt~e essence of thts contrau and that ~o waiver of any obl;gat~on hereunder or of the ob!igation se- ~
cured hareby shalt at any t~n:~: ther?after be he!d to bc'a waiver of the terms hereof or of the instrument secured herby. •
. 11. In ~Ld:tlci ro fh~ foreoo:ng mo~ithly paym~nts o! ori::c'pal and ~niP(CSt f2C,Urt@fI the prom:ssory note secv~ed hereby, mor{yagor covena~ts _
and agrees to pay-io r.znrty~see v:i+h eacn monthly pa~r.sent an add~~ional sum est;ma~ed by mortgage~ to be equal to 1~12 of the ann~al cost of the follow-
ingc ' . ;
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A-Aii real prop~rty taxei le•iied er assrsseci a3~:^st tl~e a~ove descrivsd re3~ es!ate. •
B-~'rem;umz on fire and windsrorm irsurar.ce as herein reqv'red to be car~ir~d en the ;mprovements sit~ate on th~ a6ove desuibed premises:
_ C-Premiums on such mertaage g~.ara~ty ir.surar~ce as ~nortgagee s6at1 fre~: t~me to ti~r,e de~m fit to carry on the loan secured hereby_ i
~hort~agee sha~i frcm tirne to fin:e no'i(y merrya3o: ir. v:~iting oi th> a~rount d~e and payable hereunder and such svm shall fhereupon be dua and
payab!e on the due dat~ oi the next mcrish•.y p3y,T:ent ar.d each svccessive month thereaiter urti~ mortgagec sliaf) notify mortgagor of 5 change in suth - -
amount. .S:xh w~s sF.ail be cpp:ied by me!tgaaee te;.a:d :Fe papm~ni of real prepe«~ t.-xes, insurance prem:ums, a~id mortgage guarant " surance
premiums. ~ '
- IN ~JITraESS Y~HEREOF, rh s~d f.t02tGAGOR has hereunt~ set his hand and seal ihe day and ye rst aforesaid. ~ -
ig d nd de '•e ' the presence of: • -
f~ ~p ~E~ ! a!) ~
- . - Sl~~~~~-~~'~,..~S,~,~T "arold G. Pres on (seai~ .
~ A` ~ ~n~'j 1rr'w' ~ ~ (ieel) .
~ ~ ~L~;Lr~~ ~4i~}i~~ ~.L~:~~
> ~ t$ea~). ;
~ ~s'?5 _ Cat erine L . F'res on ~ ~
STATE Of FIOkIDA ~
_ l ~,J~? ~ ~ _ ~
COUNTY OF -~i~UC_l2- ~ _ ~~I~ ~
~ Befere me personafi~ appeared ^!`dIOIc~ PJCeStOri and ~
C'tttheri~~ Preston his wi(e, to me well kno~vn and kno•x•n to me to be ~
tne individua!s desui6~d in and v:ho executc~i th~ foregoing instrument, artd ackno.v~edged before me that they executed the same for the p~rposes
_ therei~ ezpressed. And the s~id Ca ~tzerine A. Pi eston }
wile of the said T1~YOJ,fI ~;i Preston - a.separa~e~ap~ private ;
k exam;nat[on by me taSce~ separare ar.d apart from her said husbar,d, atk~owledged to a~d before me that she exec id iASirument freely: arldyvol~n- ~
taril~ and ~vithout any compu?sion, constraint, apprehension, or fear of or from her said husband. ~ + -
1•~ITNESS my hand ar,d offic~al seal this ~t~ d~y ~al' ;!1. D. 19i._..r_
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~ - Notary Pu ic in and far ihe StaiP "da at large ^
14tiy Conm~ssion expires: • ~ = ~ ` ~
Return To: ~ ~
' ~'f
First fede~a( Savir- s 8 Loa -Associat:on ~ ~
9 ~ Notcry Pu6(ic, Statr of l~lotx9o' 1;~~`Q!1•
Of ~crt ? erce.l 'lt '1~4• •
My Carnm;u~on ExpitK jao:~ . ~
Fort Pierce. Flor~o - '~M~'
_ eo~a br F~. ~ c4.~dni:..: .
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This Irstrumeni Prepared By J. '1. F'ohe~ts~ Jr. . - U R ;
First Federal Savings 8~ loan Association - BOQK~~O PA~~ 8~~ ~
of Fort Pierce 1 F/s~+.~-~a
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Checked By j
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