HomeMy WebLinkAbout1377 3. To plata and continuously keap on Iha bui'd~ngs notiv ur hareaflcr fituata on tn~d land and on nii eryuipment and perso~~ily covered by thit morlg•
age, with all premium~ ~hereon pa~d in fui!, fire insurance in the usu~l s~arufa~d poticy (orm, in e sum approved by the MnRTGAGEE, and winJtlorm
inwronte in Ihe ususl s~~ndard pof,cy form, in a sum app:oved by the MORTGAGEE, in iu:h company o? mmpanies es ~he hSORTGAGEE msy
dueuj end alt tirP and w~nJ~torm insuranco pof~ues on any of sr.id build~ng:, any intarost the~ein o~ part Ihercof, in the dgg~egate sum atoresaid or
In excess Ihereof, shall comain the us~a1 sianderd mortgagea clavse or suci~ o~hor cieuse as the blo~tgayea may requ~re, making the loss onder ~aid {wli- ~ '
tie~, eath ard avery, payab!c Io said AIORIGAGEE es its inirresl may appeer, a~~d each ond every such ~!icy shatl ~e promptly asspneJ and delivcred to ,
sny held 6y 3aid h10RiGAGFE es furthar src~ri~y io satd mortgage d~bi, anJ, nal less then ten (10) days in advanco of ihe expira~~on of each policy, te de-
liver to eaid l110RTGAGEf a renev.~al Ihereof, tege~har with e receipt for ths premium of such renewal; and 1t.nre shall be oo iiro or windsrorm inwronte
placed on any of sai~! bvild~~x~s, aoy inte~e31 Ihr~e~n or parl N~rrrvf. unless i~i th: tonn and wi~h Ihe lo:s payable as a?oresaid; and in the event any surn '
- Of monoy becomes payabfe under wch poHcy o- policies seiJ ldOk(GAGEE shall have tho option to receive and apply tha iamr on atcounl o( the indebted-
~ers secured hereby or to permit sa~d MORTGAGORS ro receive t~~d u~e if or any part lhereof foi other purpe3es, v~ilhout ~h~rrb,r waev~~,g ,;r ~n~pair•
tng any eqvity, liett or tigl~l under or by vir~ue of th~s n,o~;ya~~; and ~n the event sa~a MORTGAGORS shall ?ar any reason fail to keep the aaic~ premises so
insured, or fai! lo drtir2r ~~ran;~tly any oi s~id pol~cies of insurance to said h50RiGAGEE, or fai! promplly to pay fully any premiu:n the~efw o? in any
respect fail to par(orm, d~scharyt, execute, el(ect, compteta, co~»pl~r N t~h m:d ab~da by ~his tovenan?, or eny pa~t hereof, said MORYGAGEE may place and '~@
pay (or such inwrante ~r any parl lhereof without waiving o~ affecting any option, lien, equity, o~ righl undtr or by virtue of this Mo~tgage, a~d the i, 3
full amovnt of each and every wch payment sh~ll be immediately due ano ~yable and shall bear inferest from tha dat~ lhereof until paid at tha rate ol
nine pe~,te~itum per ar.nuin a~id rogather v.ith su;h interesl shail i~e secured hy Ihe lien of this mongape.
d. 7o permit, commit er svHer no waste, Impairnienl o~ detarioratian o} said properry or any part thereof.
S. To pay aIl ar•d singular tha costs, charges and expenses, includin~ a reasonable attorney's fee and costs of abstracts oi title, incurred or paid at
eny tin:e- by said h1~R1GAGfE, bacausa o~ in the event of the failure on the part of the said AIORTGAGO~' to duly, pro~~~ptty and futly perform, d~icha~ge.
execuie, eiieci, cwnpieie, comoiy wiin and ao:tie oy eacn and every ine siipuiaii~ns, agreemenis, conuiiions, anci tuvenanis oi saiu piw+iiss~ry noia anti ii~is
mortgage any or either, and sa:d costs, cha?ge~ and expenses, each and every, shall be immediately due and payabte; whether or not there be notice da
mand, a~templ lo collecl or svit pendfng; and the tull amuunt of each encl e~zry svth Fayment sfiall bear in~ere~t from Ihe date thereot until pnid at 1he
rate oi ~ine per centum per a~~w•r; tnu au sald c~st:, char~e~ and expe~~ses irKUrred er paid, togather ~v~th svch i~terest, shall be sec~red by the lieR of this
mcrtgage. . -
6. Thal (a) in the event of any breach af this Morrgage or default on the pa?t of the MORTGAGOR, or {b) in tF.e eveM any of said sv.^•.s of money
herein teferred io ba not promptly and fully peid within th~:ty (30) day; next aiter IhE i~rne severally become dve and paynble, withoul demand o~ notice, t"-
or (c) in th.: event each and every the stiputatio~s, agreemen?s, condit;a~s and covenants of sa;d praTissory note and th~s mortgage any vr eitbet are not < E
~uly, promptiy and tully per(ormed, d scharged, executed, effected, cor:~pfeted, tomplied v~iih and abiJed 5y, 1Fen in either or any svch event the said ag- j
• gregate sum memio~ied in said promissory note then remaining unpaid, with interesl accrued, and all moneys setured 'nereby, sha~l betome dva bnd pay- ~
able torthwith, or t}iercaifer,-at Ihe cplion of said /.10RTGAGEE, as tu!ly ancl comp;etety as ii all of Ihe said sums of money wera originally sl+pulated -
to be paid on such day, anything i~t zaid promissory note or in this Rlortgaqe to the comrary notwilhstandiny; and Ihereupon or ihereaiter at fhe optidn of
said A10RiGAGEE, ~vithou! notrce or cemand, s~it at lar~ or in equity, therefo~e or thrrraher begun, may be prosewted as if aIl moneys secured hcreby ;
F
had mat~red p~wr to its institution._ ~ _
- ~ - +
7. That in Ihe eveni that at the beyirtning cf or at any time pending any su~t upon this h!ortgage, or to foretlose it~ or to reform it, o~ fo enforce j
paymenl o( any clai~ns hereunder, said NIGR~G~GfE shall apply to Ihe Court havi~eg jurisJ~uion tl~ereof for the appointment of a Recriver, such Court shall :
torth~vith appo~nt a re:e~.~er o( said mortgaged property al! and sir.gufar, inc;ud~ng ai1 and singular the ir.come; prolits, issues and revenues ftom whatever
source derivrd, eath and F:ery of wh~ch, i~ beir.g capressly undersiood, is hereby mortgac~ed as if spetitically set forth and dercribed in the granting and
habendum dauses hereoE, anil svch Receiver shal! 6ave alt the ;:~oad and effealve fur.ct.ons and powe~s in anyw{se ent~us~ed by a Court to a Retciver, and _ ~
such appointment :hall he made by such Cour~ as an admillyd eq.;i~y end a n,auer oE al~sol~te rigM to said MQRTf3AL3EE, and withovt re(erence to the
adequ~cy or inadequacy of th~ vaive of i{,~= p~operty moitgaged or ro the so vency or 5'r:solv~~cy oi said /dQQTGAGOR or the deftndaMS. and that svch
rems, profits, income, issves and revenues shail be applied 6y such Receiver accord~ng to the (ie~ ot eq~ity o} said MCRTGAGEE and the practice of sucb
Court. ' _
8. To du!y, prompt:y and fully perfam, distharge,_execute, effect,.cemplete, cemply with and ebide by each and every the sliFulations, agreemertts,
conditions and cavenanh in aa~d prom~fsory note and this mortgaga set forth. -
- 9. ihat irt the event sh~ ovmership of th? mortyaged premises, or any .part tnereof, bzcomes vesfed in a per;qn other than the MORTGAGOR, the
NORTGAGE~, its svccessors and assEgns, rr•ay, wi~hout norice ro the !:.02TGAOR, deal :v~th wch suaessor ot successor in interest with refe~ence to this
- r~iv~i~oyi ea~u' ii~~ u'cui i~cicby iC-Cvicii i~~ i1:z sarirc ~nai~~~rr ea v~iii~ nivriyacjor r~iiiicui in any ~vay viiiaiing ot a+sc?larging itle l+~ortgagot3` IiaDility hCt2- (
~nder or vFo~ the d=b~ hereby sec~~red. Pto sa!z of Ihe F:•_~nises hereby mortgaged and Ro forbearance on the part oF tha /AORIGAGEE or its svccessors i
. or assigns and no extens~on of ths time for the paymeM of the debt h~reby secured given 6y. the MORTGAGEE or its successors or assigns, ahall operate ~
_ to release, discharge, mod~fy change or afiect the orig~nal tiacil~ty of the. MORiGAG~R herein, either in whole or in part. ~
10. It is specifically egreed th3t tisne is of the essence of this contract and that no waiver of any obligatian hete~nder o? of the obligation se- ~
cured hereby shall at any tsme ther~after he!d to be a wairer of the terms hereo( ot of tF.e ir.strument secured herby. -
~ 11. !n aJd:t:o~i to Ih_ forege:ny montnty paym~~ rs of peinc'pa! and intarest requirec! by the promiswry nore secured hereby, martgagor tovenants -
and ag:ces to pay to mo:tgagee v~r~th eath roon!hiy paJmeM an addr.ional sum esG~eated 6y mertgagee to be eqval to 1~12 of the annual cosl of the follow-
i~_ . . _ .
_ A-Al) real property taxes !evied or ass?ssc~cl ag3inst the above described real estate_ • ,
- $--Pr~~^:~ums o~ fire an.d .•.indstxm inw~acce az he:ein rcq~:red to be carrieci az the improveme~ts situate on the above described premises.
C--Prun~vms o~ such martgage guaranty ir.zvrance as mc~tgagee shaU frorri t~n:e to :~~ne deem iit to carry on the loan secured-hereby.
• hlortgagec~sha!i frQm tin:e !o time norify rrertyag-vr #n ~r•riting~of the arrou~t due and payable hereunder and svth sum shall thereupon be due snd
payable on the d~~e date ai ~h~ next mcntnly Qayment and eath successi.e month fFereaft:r ur,til mortgagee shall notify mortgagor of a change in such
amount. $uch sums sF.aii be applied by mortgagr~ tovrard the payment of real property taxes, i~surance prem:~ms, a~~d mortgage guatanty insurance ~
premiums. = : - ~
!
' . 1N VLITPJES$ L•iNEREOF, tna sa~d A'~ORtGAGOR h s Fereun i hand d ~ the day y ar firsl afotesaid. ;
5ignrd, Se led and detivered in fhe. presence of: - • ~Sedl ~ - ;
_ " B y F. Caanp Il, indivi ally and as ~ardian of thp ~~ap =
ates of Arthur William Camp~e.ll and Barbara Dianp t5eaq - ~
~ _ ~ Cam bell, minor children of S' a~~
- _ _ . - ep -
- SiA1E OF fIORIDA • - . COl y . CaIDpbQll ~ ,J . ` ~ ~
St Lucie ~ ~ - `
- COUNTY OF • 1 _ . ~
Before me persora!ly app_~red COrS7 Campbell _ aRd . ;
~t}r F. _ Campbell his wife, to me ~vell k~own and knotivn ~o me to be i
_ tFe individua's described in and who executed the foreg~irg instrument, and acknowledged 6efore me that they exetuted the same for the purpose~ ~
lherein expressed. And the said- _Qetty F. Ca~apbell ;
- wife of the said COYj/ L. Campbell - a separafe and private 1
exam7r.ation by me take~ separate and apart from her said husband, acknowledged to and before me that she executed sr~d instrument freefy and votun- j
- - tariiy and wilhout any compufsion, constraiM, apprehension, or fear of or from her said husband. _ !
- Y~IiNE55 my hand and officiaf seal this ~ day of `j~e - A. D. 19 7.~
- _ ~ 7 ,r
_ •
_ Notary Public-in and f e State of Florida at Lsrge
~ ~ M Commission ea ir . '
Retvrn To: y P ~ ~ ~.3 0 ! ~i -
~~.IV
Firs2 federal Saviogs b lcan Associafion -
~?f Fort P~erce. . - '
- Forl °ierce. Flor'~d~ - - - _ . - '
n~Q ~ ,`~t?i~:i:o:~=~~1`
- _ . ~IiCtE t~ - • • i ~ .
- - R~~R~071U~ _
t~Etrlt C18~11t°~ • - ly'~, ~
. This Instrument Prepared F3y Wil.li.am J. Forbes tF Eb~ %
, RECMt~ Y£~ ! ~ ~ - a~ ,
First Federa~ Savings & Loan Association - _ . - `C : ^ • ;
. . of Fort Pierce, - Florida 33450 - ~ 1 ! $ i9 ~ ~r~ ;f ~ • _
~ 1 r: ::1-1~
Checked By l~ - _ `j'~;~~.( ~.`ii-i~~sr~~,7 ~
:
- ~ j•.-'st;iY~r;;''.'f~ ~
. O . ~ ,
~ •:.~,}~:;=~~i
i ; -s. ,c`
_ . 8oox24 PAGE1,c~"ls . ~ ~
~
_ ~ ~ .
- t~~.. . ~
- . ~ _ ~dZ
, ~ _ ~ -