HomeMy WebLinkAbout1383 3. To place end cc+Minuously keep on ~he :~,itdinc~s now or hercafter ~iwat~ on ijid land and on sU equipment and parsonelly cove~od by this mortg-
age, w~th all pren~iums ~hercon pa~d in full, (ne insurantu i~ Ihc usual staixferJ po!icy form, i~ s sum approvcd by thd h10RfGAGEE, ond windttorm
tnsuronca in the u~~al standard poGcy form, in a sum approved by Ihe ~NORTGAGEE, in wth company or compames es the h10RTGAGfE may
direct; and all fire and wind~tor~n insuranca polic~rs o~ a~y c+f ~aid Iwiidmgs, any intarest therei~ o+ pa~t thereoi, io the aggregete sum a(orosaid ot
(n excess ~hereoi, shel) comain the uswl stand~rd mort~agea clause or such ather ciause as fne Alurlgagea mey requiro, making Ihe !o» ~ndar teid p~li-
tles, each and every, payab!e to said AIORiGAGEE es its int~resl may appear, and ea<h and overy ~vch poiicy shjll be promptly assgned and delivered to
eny hetJ by said h10RIGAGEE ee (urther security to said mortgage debt, anJ, not less than ten (10) d~ys in oJ+anca of thz expiration of ,each policy. to de-
liver to sald A10RTGAGEE a renewal thereof, together wifh a receipt tor tha pramium of such renewal; end there shall ba no fire or wind~turm insuranco
placed on any of sa~J b~ifd~ngs, nny inierest thcraln or part ~hereof, unless in tha tom~ ond with ~he loss payabtg a~ afo~esaid; and in the evenl any sum '
of money becomes payab!e under tuch policy or pol~aes said MORiGAG~E ehall havo tho opt~on to rocaive and apply tha •ame on acco~m o( the Indabted•
ness sctured hereby or tu pe~nut ~jid IAORTGAGOR$ to tettive and use it oi any par: Ihe:cof for othrr purposes, vr~thout Ih~~ib/ :vuivi~i~ or impain
ing any equity, lien or righl undcr or by vi~tua of this mo::gage; and in the evenl said h1JRTGAGORS shall for any teason lail to kcep th@ snid premises ~o
t~sured, or fail ro delivcr promptly any of said poi~cies of i~suronco~ to said h10RTGAGEE; or fail promplly to pay fufly any pre~nium theretor or in any
rosped fail to perform, d~scharge, execute, e((eu, cemptetr, comply v+i~h end abido by th~s covenant, or any p~rl hareof, said MGRTG/1GEE may plata and -
pay for sur.h Insurance or arcy p~rt thereof wiihout ~vaiving ot rffet?ing any option, lien, equ=ty, or righl undar or by virtue of this l4lortgage, ar.d tht S r'
tul) amount ot each ar.d every such p~ymert~ shall be immediately d~e and payab!e and shall bear inferest frorn tha datt Ihereof un~il paid at the ~ate of ,
nine pet centum pe~ ennu~n and to~elhc~ ~vith such inte~rst shaii Dr secured by Ihe lien ot ths rr3rtgaga.
d, To permil, commit or su(fer no ri~ste, impairm_nf or deter+oratiun of :aid prape~ty or any part thereof. ~
5. To pay all and sir.gular th~ costs, tharges and expenses, intludin~ a reasonablo a~torney's (ee and costs of abstracts of title, [ncu~~td or paid at
any tima by sald MORTGAG:E, because or in tfie event ot ~he fallure on Iha part of the eaid h~ORiGAGOR to duly, prompt!y and fu11y pertorrn, d~stharge,
. execvte, effect, complete, co nply with and ab:de by each and every tFo s?ipulaNons, agreemenfs, conditions, and covenants oi said promissory note and this
~ rr.ortgaga any or e~ther, ar:d sa+d costs, cMarges and ezpenses, each an.~ every, shall ba immediately due and paqable; whether or ~ot ihere be notice d~
mend, atls~upt to cAtlecl or sv~l per.aing; and the full arnu~nt of each and every svcfi paymem shall bear ~~~iciest from the date thereof vntil peid al the
. rate o! n:ne H^r centum par annum; an~' atl ia~d cosrs, charc~es and expenses incurred or paid, Iogelher ~v~th such interest, fhall be secured by the lien of thit
- morfg~ge.
- S. ihat (a) in i~ a rvenl oi any L-reaeh of ~ti~s lNartga3e er default on the rsart a? tha l.SO~TGAGQP, ar {b) in thr event any of said tumt of mo~iey
herrln reier~ed to b~ rtot pro~r.ptly and fully paid within thirty (30) days next after the samE severally become due and payable, without dcmand or notice,
~t (c) in the evant eath and every IFe sti~vln~ions, acyreements, cord{tions and covenants ot sa~d promissory note and th~o mc~rtgage any o? e~ther aro nol
iuly, premptly and iutly per(unned, d~schnrged, ezecuted, eifected, compteted, cemplied wi~h ano abiJed tiy, then in either or any such eveM the said ag•
gregata s~m mc~t~oned, in said promissory note thr~ remaining unpaiJ, with intzrest accr~ed, and at! mo~eys secured hereby, shall become due and pay-
able (orthwilh, or therzafter, at the option of :aid h10RIGAGEE, as fully and co~npfetely as ii all of the said sums of money were originelly stip~lated
lo be pa;d on wch day, anything in sa.d pro:n~ssory nate or in this hlortgage ro the conirary not~vithstanding; and thereupon or thereaiter at the opGon of ~
- said MORTGAGEE, without notite or demarid, suil at law or in equity, thcrefurc et thcreaNcr 6egun, may be prosecufed as if all monegs sec~red hereby
ha~ matured pnor to its institution. - , .
, 7. That in the event that at the begi~ning ~f or at any timc pending any suif upon this Mert~age, or to foredose if, or fo reform it, or fo enforce
payment of any clai+ns hereur.der, s~id R10RTGAGEE shall a~ply tu the Court h;v~ng ~ur~sd:ction the~eof 4or ihe appointment of 6 Reteiver, iuch Court shall
- forth~vith appeinf a rz<<iver of sa~d mo'tyagco ptop~:rty all and sir,gular, inciud ng ali and sinyular ti~e income, profils, isiues And revenues frOm Whatever
•ource derived, each ar.d every of ~vh ch, i+ heing expressiy unders~ood, ~s I':ertby n:ort~aged as if specif;cally set (orth and described in the gronting and
habendum c'ause~ hereof, and such Receiver shall h~ve all ih: broad ar.d efiecrive (unct:ons and powers in anywise entrusted by a Cou~t to a Receiver, and
_ svch appointmenf shslt be made by suth Court as an admitfed eq~ity and a n~atter o( absclute right to said MORTGAGEE, and without reference to the i
adeyu~cy or inadequacy of the value of the property mo~~gaged or to the sa:vency o~ ~nsolvency of sa:d /.iORTGAGOR or the defendants, and that svch
~enn, profiis, incomz, issues and revenves sh3ll be appGed by such Rec~iver a;cord;ng ~u tne iien or eq~ily of said hIORTGAGEE and the pratlice of s~ch
Court. - - -
, 8. To dv:y, prompt:y and fully perform, d~stharge, execule, effect, comptete, co:nply v~ith and abide by each and every the slipulations, agreements,
. tondit~ens ar.d covena~ts ~n sa~J pramissory note and Ihis morrgage set forth. ~ _
9. Thar in the ~ve~t th~ ovmersh:p of the mortgaged pren~ises, or any part thereof, beeomes vested in a person other ihan the h10RTGAGOR, the
- ~~~r~ 1 . • ~ . ~ _ •~~n~ra/1n J__t .
~ iYil~jeZiVrv[[, ils SJ~Cr_3iU:i c+:u di:tu~]~~ ~ilny, ~v~17~Gui trJi~C~ Iu lr:r II~V\IV.YJR~ uea. w~~i~ iuiri SiiLiciivi 'v: oviio"aa'v: ii~ ~ "i-""-
c~ca~ ~vii~i ~c~c+c.nc iv ~r~~a
me~tgage a~~d ihe dc•b~ hcreby setured in the same manner as ~•rith 1,Sertgagor wlthout in any ~vay vitiating or discharging fhe hlorlgagors' liability here- •
- undcr ur upon th? d_-bt hereb~ secured ho sa!c of the Frernises Fcreby mo~Ignged ar.d no forbeara~ce o~ lhe part of Ihe 1~10RTGAGEE or its sutcessors
or ass~gns and r~o exrens~on ef fhe tim~ for tF.@ EJ3~/rT'^nf of th_ debt hereby secured given 6v the YORTGAGEE or its suctessars or assigns, ahall operate
Io re!ease, d~scharge, modif~ change or aifect ti;e ori~~nai liab~i~ty of tne h'.ORiGAGOR here~n, eiffier in whole o: in part.
- 10. It is spec~ficatiy ayreed !hat tirn> is of th~ essenc~ of tltis contrac~ and that no waiver of any obligation hereundet or of the obligation se-
ewed hereby shah as any time thereafter ue he!J to ke a waivcr cf the !erms hereof or of the insrrument secured herby. - ~
I1. In aJd t~o:, to tF= fe~eno ng rnontht,r p~yn~ents of pr;:u',r.a~ and inferest requ+-ed by the prom;ssory note secured hereby, mortgagor eovenants
- and agrezs so pay ro mc-tgagee v.~rh each mGniF~'y payr,~cnt an add~r~an~! sum est~n~ated by mortgagee to be equal to 1/12 of thr annual cost of the ioilow- .
~n9= . _
. A--A!I real prcpe:ty taxes ievied or ass~sztd agai•tist thc above d~sc+ibed real estata. - ' - -
B-Prem~~~:,s o:i fi+e and .•:indstorn~ inswacce as fterc>in tequ:red fo be carried en the improveme~ts situate .~n the above d^scribed premises.
- C-Prem~ums on such mortgaqe guaranty ~nsu*ar,ce ag mortgagre shait fro~n t;me to time deem fit to earry an the loan secured hereby.
N.ortgagce sha~l frcm time to t;m.e r.c:if~ mc:igag:;r ~n writing of th? Qlf:OU!lf dve and payabte hereundrr and such sum shall thereupon be due and
payab!e on the d~e oate of )he next n:onth;y Faym._nt and each wuessive month thereaiter urtil mort~ygee shall notify mortgagor o! a change in such
amount. - Such sums sF.a'sl 4e applied 'oy mortgzgc•e to.vard thr payment of real property taxex, inwrance prem~ums, and mortgage guaranty insurante
premiums. - . ~ ~
iN YJITNE55 ti'JHERc'OF, the said NORTGAGOB hai hereunt~ set his hand and seal ihe day and ;ear firsl aforesei
_ Signed, Sealed and deli~;er~:! in the presence of: _~~4 ~xp •
' - - f t. ~~L Ci~Af ~ f ~
' i~OiEA P4iTRA3 (Seeq ~
TO a D V ' ~ ~~,i~
- REC Rn vE~fift£4~ - ~
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~ ~ ~ ~ V ~ " tSean - . i
: _STATE Of FIORIDA ~ . !
~1~Q35 €
' cour~rr oF - St. Lucie ; _ _ #
8efore me persone!ly ap;.eared _ _ _ TOiAIDy C2irY0I1 DaV15 and F
Pa tz 111A Da V i G his wife, to me well known and known to me to be - ~
~ Ihe individva!s descr~F.~d i~~ and v.ho execused the foregoing instrument, and acknowledged befare me that thE~ executed the same for the pvrposes ;
~ therein expressed. And the s~~d Patr ~ l la Dau~ s- ~ _ ~
- ~
wife of the said _ TOIIIDiV C~rroll DdV1S - vpon a separa}e and private ~
- exam+nae~on by ~ne taien s~parate an d apart irom her sai d hus ban d, ac4nowtedged to and before me that sh¢ executed said instrument treely end volun- ~ ~
; tarily and w~thout any compuEsion, cor,strair.e, apprehensi~ or fea~ of or irom her sa~d husband. - s ~
~ W I T N E S S my han d ar. d o f fic;a! sea l t his ~ day of ` J~ e A. D. 19 7 5 -
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Notary Publ;c in f the State of Fiorde a1 Large _
~ - /dy Commiss;on e pires: N -
~ _ Rc:urn To: Notory Pubtic, 5!ate ef r~o•ido a! !^r~s
first Federal Savings 6 loan Assotialion , . Idy Commissian Expires July i2, 1S%7
~ Of Fort P;c:ce. ~ gpnded by Amt:icen fire 3 Cosv~ity Co.
Fort Piercc, Flcrid~ _ .
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Thia in~irun~ent Prepared By William J. F'orbes ~~,f~~
~ _ F+rst Federa) Savings & Loan Association - - _ - ~ ~ ' ' _ _
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- Qf Fort Pierce ~ Floxida 33450 - . ' ~
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- Checlced B ~ < ~ ~ ,
- y . - $oox 24U PACE138~ f~;~~~::
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