HomeMy WebLinkAbout1158 3. To place anJ coni~nuously keep on ~hn bui!di~r~s now or horeatitr ~~tuate on saed land and on afl equi~ment snd penoneily covered by ihii rca~tq-
epe, with ali premi~ms Iherc:rt ~~c:d in (utl, fire insurente ~n ihe usual standard Hol~ey torm, in a sum approv¢d by the Ait7RiGAGEE, and windstorm .
Insuronce in Ihe usual e~and.~rd pofcy lorn, in a sum apNrovad by ihe A10RiGAGEE, in e~ch company o~ compenie~ af Ihe MORTGAGEE rr.~y
direN; and all fi~e anc'. w~nd~torm I~suro~ce policies on eny o( saicl bvildmpe, any intera~l therei~ er }~erl tF:~reo}. in the ~gflregaie svm eloresaid or 1
(n excess Ihereo(, shell coMain tho usual tta~dard mort9apee c~eute or suth o~her tlauso as Ihe Mortgagee may req~iro, making Iha loss undrr •aid polb ~
eie~, each and every, payab!e to said AI~RTGAGEE as ~ts int~rest may appcar, a~id each end every such pol~cy ~ha!I l-.a promptly assgned and delive~ed to
any held by said htOR1~AGEE as (u~1h:r s~u~rity to sa'd mortgage uebt, and, nol tess ~han ten (10) days in advance ui Ihe expiration of each policy, to dr
live~ to said A10RTGAG~E a ~ena.val ~hereof; to9eiher wi~h a rece~pt ior ihe premium of such renewal; and there shall bs no f~re or ~vinds~o~m insuronce i~.a~
plated on any oi said buildingt, a' ,nttrpt tke~ein ar pa~l ?hereof, unlcss in Ihe (orm and ~v~~h the toss payab!a as atoreseid; and in the event any wm
of money betoma payable under such policy or _poticies said MORTGAGEE ihall havo the option to recaive ar.d apply tha aamo on accouM of thu indabted•
ness setured hereby or to pe~mit said ~150RTGAGORS to receive and use it or any part thereof for othcr purpcscs, v~Yhou: th_~eb,~ ~n•3iving o~ imp~ir• '
tng any equity, lic~ or rigl~t vndcr or by virtuo of this ~no:igafle~ and In thc event sa~d 1.10R7GAGORS shall for eny reasun fail to keep the said prom~sas so
insurod, or fail to drliver promptiy any of said polidas of insurance to said rdORiGAGEE, or Fail pramptly to pay fulty any premium therefor or ln any
re~ped iail to per(orm, discharge, executa, e(fed, con.pt,ia, compiy wi~h and abida by th~s covenant, a ary part hereof, said MORTGAGEE mey place and
pay for wch insuronce o~ any part thereof without waiving or affecling any ~p~ion, litn, equity, o~ ~iyht ~nder or by virtue of Ihis Mo+tgage, and Ihe y.~:
fult amo~nl o( each and every such Fayment sh~l1 be im~ned~ately dua and payabte and shall bear interest irom thu date thereof until paid at tha rale ol -
n~ne per crntvm per annum a~~d rogelher ~viih wch intrr~sr shali be sewred 6y tFe lien of this mor~gaga. ~
4. To pCrmif, commif ot svffer no waste, impaimient or defariaration of said propetty or any part thereof,
5. To pay all and singular the tosts, charges and exp_~sas, includin~ a reasonab!e atlorney's fee and cosls of abstrocts of title, incurred or paid a1
any time by said A10RiGAG;E, because or in the c~'ent of tha (ail~re on tt:a part of Ihe saEd /nORTGAGOR fo duFy, promptly and :fully per(orm, distharge.
exetute, effeu, cemplete, .ompty w~~h and ab:de by each and evary tha stipulaiions, agrecmems, condilions, and covenants of said promissory note and this
mortgage any or either, and sa:d costs, charges and expenses, each ar.d avary, ~ha~t be immediateiy dur and payable; whether ot not fhere be notice dN
mand. attempl to collect or si~it pend~ng; and the t~ll amount of each arr! evrry s~Yh paymem shall bea~ iNerest from ~he date thereof ontil paid al Ihe
rate o! n~ne Exr centur~i par an~~un~; and alt said co~ts, charges and exE;ens:s intv~red or paid, loflether ~vith suth interest, shall be secured by tha lien o~ this
, mortflage. ~
b. 7hat (a) in the event of any breach of thi~ Mortgage or default on the part of the MORTGAGOR, ur (6) in the event any of sa~d sums of money
herein teferred to bc not promptly and fufly paid ~vi~hin Ih~rty (30) days nex~ after ihe same severally become due and payable, viithout demartd or notice,
or (d in thr e•rent each and every Ihe stipuiations, agreemznts, conditio~s and cove~anh of sa:d promissory note and th~s mortgage any o? either are nof
~uly, promptly and iuliy per(ormed, d~scharged, executzd, eifected, compteted, compfted w~ih and abided 5y, tf~en in either or any w~fi event the taid ag~
grrgate sum mentioned in said promissory nota the~ remaining unpa~d, with intzrest acuued, and all moneys setured hereby, shall become due and pay-
abfe forthwith, or thereaiter, at the option of sa:d MORTGAGEE, as iully and comp!etely as if ail of Ihe s3~d sums of moncy were originally st7pulated
te be pa;d on suct; ds~, anything in sa:d promissory ~ote or in this 1.1or1gage to the contrary notwithstanding; and thereupon or thereaiter al the opliun of
said N~ORTGAGEE, w~thout not~ce or demar.J, suit at law cv in equity, therefore or ~I~ereafter begun, may be prosecuted as if al! moneys secured heteby
F~ad mawred pnor to ~~s insi]tut~on. _ ~ _
~ 7r That in th~ evenl that at the be~inn~r,g of or al any time pendir.g any suit upon -this Morfgage, or td forettose it, or to reinrm if, or to enforce .
payment of any claims hereundcr, seid :!O]TGAGEE shall appty to tha Court having jurisd~ction thereof tur the appointment of e Receiver, such Cour1 shall
forth~vith appoint a re:ei•:er of s~id rr.o:tgagcd p:operty a!( and singular, indud~ng al~ and sinc~vl~r the intome, protits, issues artd revenves lrom whatever
_ source derived, each and every o( wh~ch, ii 6e~ny repress;y unders~o~d, is hereby mortgaged es if ipeufically set forth a~d described in the grnnting and
habendum dauses hereof, and such Recerver shall hava all the broad and effecrive ianct~ons and powers lo a~yw~se eMrusted by a Cour1 to a Receiver, and
suth a~pointment shall be mede by such Cou:t as an admitted equity and a matter of a5solute right to snid MQRTGAGEE, and without re~erence to the~
adequacy or inad~uacy of the value of the property mortgayed or to ttfe soivency or ;nsolvency o( said MORTGAGOR or the defendants, and that such
renis, profiis, income, issuss and revenues shal! be appiied by such Receiver auoro:ng ro the lien or equity of sa~d MORTGAGEE and the practice of such
- Covri. ' . ' .
8. To d~ly, pr~mplly a~d 4~I1y perform, discharge, execute, effect, comp!ete, cornply with and abide by each and every the stipulalions, agreements,
conditions and covertansti in sa~d promissory note and ih~s mortgage set for~h. <
9. Ti±tt in the event the o~~•nerihip cf th~ mort~aged premises, or any part thereof, becomes ,vested in a person othe? fhan the MORTGAGOR, the
~unetf:qf;FF c« .~.~..,«r... r~~~ a~r.~ns, ma~~, w;ohou~ notice !c the I~SORIi;:-OR, clsai w~~ii iuch svztesser or succcssor in interest with reference to this ~
mortgage and tho deot hereby secured in the same manr.zr as wifh t.lortgagor_without in any ~vay vitiating or discha~gTng the /~lo~tgagors' liability herr
under or upon th~ debt hereby secvrzd. No sa!e of the premises hereby mortgaged and no forbearante on the part o( the IAORTGAGEE or its sutcessors
or assigns and ro eatension of Ohe tin;e for tFe payment of ihe debt h=reby setured give~ hy the MORTGAGEE or its successors or assigns, ahall operate
to ~elease, d~scharge, mocl~fy change or ai(ect the originat liab~l~ty of ~he MORTGAGOR here7n, either in whole or in part.
ln. It is spec:ficaliy agreed ~hat time is of the essence o4 th~s con~ract and that no waiver of a,~y obligation hereander or of the obligation se-
, tured~hareby sha!I at any time thereafter be hcld to be a waiver of the terms hereof or of ~he instrument sec~red herby.
~ - _
11. In aud:tic-~ so tF.e ferego:nc~ r.:o~th!•~ f~a~m=nti o` prir,c"pal ar,d i~terez! rrquired by the promissory note secured hereby, mortgagor covenant~
~ ~ and agrces to pay fo r.:ortg.gee witn each mon+h~y p~yinant an add;rional su~i est~~:aied by rrertgagee to be equat to 1~12 of the annual tosl of the follow-
f ' ing: . ~ . _
f A-AU real pre~rerty taxes leviod or assessc•d agai~ist the abave clescr:~ed real estate. _ .
~ B-Premiums on tire and winduorm insurarce as he:ein req~~red to ue ca~ried on the +mproveme~ts situate on thu above described premises. •
~ C-Premitnr•s on such m~rt3;ge gua~anty insu:ar~ce as martgogee sha11 from trne ta time deem fit to carry o~ the loan secured hereby.
ldart.3zgee sha'I from time to t1:r.e nctify mortgagor ~n writing o( ihe amount dve and payable hereundrr and such s~m shall thereupon be due and
p~yable on tha due date ci ths next me~th.~ payment an~ each successivc momh thereaf!er vrtil mortgagee shall notify mortgagor of a change in such
~ amount_ Such _~ms sha~l be appiied by mortgagne toeeard the rya~ment of reat pro~erty taxes, ins~rance prem:vms, and mortgage g~aranly insurance
~
~ premiums. .
~ IN `.'IIT 'ESS `.VHERcOF, the said MORTGAGOR has her nto sef his hanci and scal t he day nd r fint afores ~d.
F Sig , Seated_ and de!" r n t sence of: • _
# FILED ANO REC4R~Ei1
- ST.IUCIE COUkTY LA• ~ r M. I.eawing ~a~~
. " R9CER POITRAS ~ _(3eaq
_ - CLERK CinCUIT CO~JRT ~ a1}
RECORO VERIFIEG........-.~ BYenda E. Leaming . "
- . t5eaq
STATE OF FIORIDA ~ ~ ~l ~ ~
S t. L uc i e ? ss. a3~}+_7 c3c,7 I
CQU;JiY OF _ i - -
' Befcre me personal~y appeared _ ~eter M. Leaming _ 8~d
~ ~ Br2nda E. Lea~ing his wife, to me well known and known to me to be
;he ~ndiv6duals descr~bed in and v~ha executed the foregoing inslrument, and acknow}edged before me that they ezecuted the same for the purposes
~ therein expressed. And tha :~~a Brenda E. i.eaming
~ Pet2r M. Leamin opo~ a separste and private
Yiife of the said 9
exam~nat+on by ma taken s~parate and apart from her said husband, acknowfedged to and be~ore me that aha exet~ted said inatrurtient freely and vol~n- ~
Iarify and without any compulsion, constraiN, aoprehe~sion, or fear of or from her said husband. .
~YITfvESS my har.d and officia! seal this- 6th _ day of `j~e - ~ A D. 14 75 '
_ _ _ .
- ~
's Norary Public in d the State of florida at tarpe
i ~ • My Commission xpires: - - -
Retum 7a: ~lotary Pu!~r., 5'ate of Ffor.'3a af I.orgs' -
First Federal Savings b Loan Association - My Co~r.a~::s ct: E: ~_r ~s ltily 22,_ 1977
_ Qf Fort P:e:ce._ 6vwded by Mi.nca;.-t.r. t. CasvalTy Cq.
Fort Pierce, Florida . -
' '
z ' ' =
.
- This instrument Prepared sy Gary F. Ell~rot3d ~`i r i.,,~ . ;
Fi:st Federa) Savings 8~ loan Association - r~'-+' '
` of Fori Pierce, Florida - :j:; s4` - . .
0 _
R ~
Checked By ~ " BOOK PAGE1~ L-- ' ti _ . ~ -
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