HomeMy WebLinkAbout1537 3. To piace and continuo~s~y keep on thc buildirx~s now or hereaftcr situate on sa~d land and an aU equipmeN and Nanonally cavered by ~his mortg•
rsge, wi~h ail premiums thereo~ pa~d in iull, liro ins~ranca in thu uwat s~ancjerd policy form, ln a wm appro~ed by Ihe MURTGAGEE, anJ windstorm
insurante in the usual stand.~rd pol~cy form, in a sum app~ovrd by ~he MORTGAGEE, ~n iuch company or eompsniet as the htQRTGAGEE may
d'ueu; and a11 lire and w~~daror:n insura~ce poGciee on any of sa~d b~ilJ:ngs, any ~ntereet tharein or part thereo(, in Ihe aggregate ium afo~esaid or
in excess thareof, shaU c.n~aio the uswl ~tandard mor~gagee clavse or such ocher clauie as ihe /AoHgagee may ieqv~~o, msking Iha lo~~ undrr ~aid po1F ~`~.i
eies, each and avrry, payab!e to said A1~?,2iGAGEE as rts interest m~v appe~r. and each .~nc~ every svch pa!:cy shatl ba prompi~y essg.~ed and delivered to
any hald Uy s~~d t~10R1GAGEf as iuriher secvrity ~o sa~d ~norfgage dab1, and, nol Ir.ss than ~en (10) d~ys in ad~•anca o( iho ezpirotio~~ of each policy, to de- r~; ~
liver to said h10RTGAGEE a ~ene~~•al Ihereof, togelher with a ~eteipl for Iha prrmium of such renexal; and thare shall be no fi~e o~ wi~dslorm i~surdnce ~
pleced on rny of s~~d buildinys, any lnteres~ iherc~n or pa~t lhereoi, un!rss in the (orm a~~d wi~h ~ho loss paya6le as aforesaid; anJ :ii ihe event any svm
of money becomes payabte ~nder wcfi policy or poGcies sa~d f10RiGAGEE efiafl have the option lo receive and appiy Ihe same on actounl oi +he indabted-
nass secvred hareby or to perm~t sa~d ~AORTGAGORS to receiv~ and use it or dny. pirt ~Iticieof loi otiici uurposes, tiv~tho~t ch~rcb~ ~vaiv~:ig or unpair-
ing any cq~~ty, lien or ri9ht und~r or by virtue of this mo:lgage; and in the event se1J MORTGAGORS sliall (o? any rta~on iail to keep Ihe said premises so
tnsured, ar fail to deliver promptly any af s~id F.ellcies o( inwrac~ce to said AtOR~GaiGEE, ar fail promp~ly to pay fv!ty xny prer.,ivm !h>cetc: ~n a^p =...r
tetrt-cf f3s! ;3 ~,~r;c,: d~;ciarye, CAC'IU~C~ rfi~ti, ~unipieia, compiy with and aD',d.: hy ?his tovenanl, or any parl htr~of, said h10RTGAGEE may p~ate a~0
pay fof such ins~ranco ot any parl thereof wi~haut waiving or affecting any opiion, lien, eqvity, or r~ghl vnder or b~ virtue of th~s Morrgaga, and Ihg ;
full amount of each and every such payment shall be irnmedialely d~e aod payabfe and ehall bear interest from tha data ~hereoF ~ntil paid at the ~ate o!
~ina pe~ ceMum per annum and togeiher .vifh wch inter~et shali be secured by the lie~ of this mortgage.
4. To permit, tommit at su(fer no v.asle, impairmenl or deteriorafion of sjid prope~ty or any part thereol.
5. To pay a11 and singular thR costs, charges and expenses; inc~uding a reasonable atto?ney'~ fee aod costs o( abstratts ot title, inturred or paid at
any time by s~id hiOR1GAGfE, because or in she event of Ihe tailure on the par~ of !he said M~RiGAGOR to duly, promptly and fu!•: pertorm, d~scharge.
execute, eiFeU, ccmplrta comply w~th and ab:de by e3ch and every the stipu!at~ons, agreemants, conditio~s, and covena~b of said pro.:~~ssorr note and Ihis
martgage any or e~shcr, and sa;d cos~s, chargee and expense~, zach and every, shall ba immediatcty due and payable; whelher or no~ ihera be notice da
mand, af~empt fo to~~ett o~ suit pend~ng; and the /ult a,no~N oi each and every such payment shall bea~ in?eresl (rom lhe date Ihertof vntil paid at the
r~le of nine per centwn E,~r an~~u:n; and a11 said costs, charges and exp~~nses incurred ar paid, topether ~vi1h suth ~ni~irest, shall be secured by the lien of thit
mortgag8. '
6. Thai (a) in the o~•cnt of any brcach of this Mo:t~age or de(ault on the part of the lAORiGAGOR, o~ (b) irt the eve~t any o4 sa?d sums of money
hereJn referrrd to be not promptly and fully paid within Ihirty (30) days next aiter the same severa?ty become due and payable, withovf demaad or notice,
or (c) in thr even~ each and ev:ry the stipvlat~ons, ag~eements. condltio~s and covenanK of sa:d promissory nole and th~s mo:lgaga any or either ara no1
~~~ly, promatly and fully pe~(ormed, d scharc~ed, executed, effected, completed, cemp':led with and aLided tiy, then in e~ther er any s~ch event Iha said ag•
gregato svrri mentiened in sa~d promissory r.ete th.n remaining unpaid, with intereft accrued, and a~l mo~eys s~c~red hereby, shall becoma due and pay
ab:e forlhwith, or thereaher, at the optron o( sald h10RTGAGEE, as fully anci comp!etely as it al! of the said svms of money were o~iginally stiputated
to be paid on wch day, any:hing in sa:J prom~ssory note or in this l~orlgagc tu Ihe contrary-notwithsla~~diny; and thereupon ot thereafter at tha oplion of
said htiORTGAGfE, withvut notice or demand, suit at law or in equ~ty, therefure or fhereat!er begun, may be prosetuted as if all moneys sec~red hereby ~
had matured prior to its insi~tu~eon. ' 1
7. That in the evenf Ihat at Ihe Eeg:nn:ng of or at any ti+r.~ pending any suit upon this Mortgage, or to foreclose it, or to refarm it, or to enfo~te ~
payment of any claims hereunder, xaid k50RTGAGEc shall appty to the Court having ~uiisd'ttion th~reof for the appo~ntrr.ent of a Receiver, such Court shall ~
Forthwith appoiN a receiver ol said mortgaged property att and singular, incl~dtny atiS and s~ngulrr tt~e income, profiU, issues and ~evenves from whateve? `
source d~'rived, rach and every of wh:ch, i~ beir.g expressty undersioocl, is hereby morrgaged as if spec~tically set forth and desuibed in the granting and jj
habendum ctauses hereoi, and such Receiver shafl Fave al! the bread and eilective fur.ct.ens and poweri in anywise entrusted by a Court to a Receiver, and ~
such appointment shall be made by such Ceurt as an admitted equity and a matte: of ~bae!ute right to said MQR~GAGEE, and witho~t re(erert[e So the
adequacy or ir.adequacy of the vatue of ti~e property m~rt~aged or to !h: soive~uy o- ~nsolvency of said 4lORTGAGOR o~ the delendants, and that svch
rents, profits, income, issues anJ revenues sha? be appfied by such Reczive~ accord~:i9 io the lien or equity of taid MORTGAGEE and the practite of s~ch
Court. . ' ~ ' i
8. To d~ly, pro~~ptiy and fulty perform, d~s:har9e, execute, effecr, complete, con~pty v-ith and abede by each and every the stipulations, agree:nents, #
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condition~ and covenants in sa~d uromissory note a:id th~s martgage set (orth. - ' ~
9. That in the eve~t the ownersfi;p ef the mortgagea premjses, or any part thcreof, becomes veste~ in a person olher than the MORTGAGOR, the F
k.ORTGAGEE, its zuc~essors ar,d assigns, may, wi:hout ne•~ice to Ihe .\'.ORTGAOR. daal with such Suctessor or suctessor in intere:t w~~h reference to this
mortgage and the d_b1 Fereby seturzd in tne same manr.er as ~v~th Alortga~o~ w~thout in any way vitiating or discharging the fAorlgagors' liability here- s
' undc+ or upon Ihe debt ht-:eby secured. P:o sa'e oS the F:emis^s hcrcby moitgagzd ar.ei no forbearante on Ihe part o~ the 11~OR1GAGEE cr itf sutcessors i
ar assigns and no ex!ers~on of the t~~:ie for the payment of ~he debt h~reby secured yiven by the N.ORTGAGEE or its wccessors or assigns, ahai) operate ~
to release, d,sifiarge, mudify c}~ange or atFc:f tir~ o:igtnai liab~f,t~ of the :1tCRiG~GOR here~n, either in wholc or in part_ j
10. 4! is spec~ikaliy agreed sha~ t~me is of the essence oi this contrau ar,d that no waiver of any obGgation hereunder or of the obligation se- • ~
- eured here6y sh311 at any iin~e thereaher be he:d t~ b^ a waiver of the terms hereof or of the ir.str~me~l secured he~by. , _ ~
t
11. In aofition 'o tt~^ iore_r,c:ng mc~th:y ~)3yn~^llti of p•inc'pat and interest rrq~~red by tFe promisscry note secured hereby, mortgagor covenants j
and agrers ro pny to n-o:tg~g~e .•.itt~ e~ch ~~o•~th~y ~=~;r~ent a~ ac!;.':riona; su::~ e:tir'a:ed by mortgagre tn be equal to 1 j'12 ot the annual cost of the follow-
ing. ~
A--AtI real prep~rt~ taxes !evied o~ assess~•d ag3ins! the above describtd real estafe_ _ ~
- 6-P+er-~~u•~ s en fire and wir.dsto:m ~nsurar.ce as herein requ~red to be carried an the improvsmeats situate on the above dstcribed premiies.
C--Premiun,s on such mortg~ge gvoraot~ i~sura+:ce as mo~tgag~e sh311 frem t[me to time deem fit to carry on the loan secuced hereby. ~
~lortgagee 3f13'I frcm Time lo ti.^.-,e n~tily mortyagor ~n wr;ting of the amount due and payrb~e he~eundrr and such.sum shaf~ thereupon be due and
payabte an the d~e date of ~he nexf mo~th!~ p~yment and each sucfezsiYe month therea{ter vntil mortgasee sha11 notify mortga~or of a change in such
a+r,ou~t. Such sums sFa~l be applied 'oy mortgager tewa:d th~ payment of real property taxes, insurance nrem;ums, a~sd mortgage guaranty insurance
~te~nium5. , _ . - ~
IN Y11TP~ESS 11vHcREOF, thz sa~d MORTGr~GOR has hereu~to s~t his hand and seat the clay and year first aforesaid.
Signed, Sea'ed and livered in the preser.ce of: p ~ ~
d1~~~"4hpd~ ~"v~-''"',+L.. ~Seal)
~a/~"+ - ~~S 8ernie ThaIDes ~a~~ _
• C~if?Rlt C I aq~IT ~.E '~'--f- i r-~ y S~ a-~.v--r ~eaq
. ~ ~ itEC+~RD YER~fIf~`~x~ Alexandria Thames - . ~~~i~ -
~ J~r ~2 ~ ~'t5
STATE OF FLORIDA ~ ~ ~
St. Lucie - #
COUtJTY AF _ _ ~
Be#ore me persona{iy appeared Beri11Q Tt1~.R16S and `
Alexandria Thames his wife, to me wefi kncwn and known to me to be ~
tha individuafs descri~ d in and v.ho executed ~he foregoing instrumenl, and acknow;edged before me that 1hQy executed the name fot the purposes ~
therein expressed. And the said Alexandria Thames -
wife of the said $ern1Q T2'laID@S upon a separate and privatQ
ezam+nat~on by m~ taKen separate and apart frorn her said husband, atknovvledged to end before me that she executed said instrument freety and volun- ~
_ tariFy and w~rhout any compulsion, constraint, apprefiens:on, r fear_ of or from her said husband.
V/ITNESS my hnnd and official sca! shis_~ ~ day a1 `3" A. D. 19 7~ ~
- Notary ?ubl;c i nd : the State of f{orida at Large =
My Commis~~on exp s. _
Re:ur~ fo: - - - - - ---s-. -
First fe~eral Savings 3 loan Associstion . ~p~OTy Fu~t,-Sto4e O~ ~A?1dd ot 1,aPg~
of Fo<< P:crce. IAY Co~e,~:s~i~++ Ex~t?e: ~~t~ ~z,,~in i
Fort Pi~rce, flcriJa . ~ - - Evnded br !lmericae fit~ tl:.'GiiW6Fr G.
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_ This Instrument Prepared By Gazy F. Bllwood ~ ~ . ' ~ - _
• First Federal Savings 8~ Loan Associafion . _ j ~ . - . ~
of Fort f~~erc~ F lo rida - U R t~ ~c~? _ , . ~ - - ~ ~ ; ~
BOOK ~~V PACE1e~,~t~V ' ' : : ~ ~ ~
Checked B~~ - - ~?.,t2a ~ ~ t ~~'r ~ -
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