HomeMy WebLinkAbout2147 3. To plao: anJ continuausly kecp on the bui'dings ro.v or hereafter siwate on s~~d ~and and on a:l equ'.pmenl and personelly tovercd by thit ma!g• ~
ege, w~ih Al) pr~mi~nts thereon pa;J ~n lutl, lirr insurance in th~ us~ut sra;:d,~r~ p~!ity form, in a sum a{:proved by tha MORIGAGEE, and winds~orm i
~ i;+s;:re^:e in Ihr uswl s~ancard ~:•oCcy (urm, in a sum appro•:ed b~ ~hc A!ORTGAGEE, in such tompany or co~~pan:es as the A10RIGAGEE may ,
direcl; anct all fire anJ w~ndster~n ;nsvrarce poiic~es on any of s.~d bu~~d:~~gs, any in:erest there~n or parf thereof, in ihe aggre9atr surn aforesaid o~ ;
In excess thereof, shall contain tha usu.al :~~nd.,n! mor~9~9ee dause or such oihcr c~a;,sc as the hlor~gag~o may requ;~r, niaAing ihe toss undef sa~J poli• ~
cies, eath and cvery, payab'e to said A10RiGAGEE as its inler~st may appear, and eath an~ evcry such E:o1ic~ sf~all be promptly assg~~cd a~~d deliver:d ~o _
eny held by sa~d 1,10RIGAGEE i+s furlher sc<urity to sa~d morlg~~a debt, and, ~ot lesi ~F~an ten (10) days in ad+ancc of tha expiration of each polity, to da• }
iiver to said I,IORiGAGEE a rtnrti:•ai thereoi, t~9ethar with a rece~pt for 1he pramium of such rer.ewal; and Ihar~ shall ba no Gre or wi~~dsto~n~ ~nsurance i
placed on any ui sa~d builJinga, any intereit Ihere~n or pa~l tF:ereof. unl~~as in ~ke tor~~i and w~~h the loss payable as aicresaid; rnd in the evenl any sum ~
o( money becomes payabte undrr such po;icy or poGc;as sa~J /dORfGAGEE shall hjva the opt~on ~o recrive and a~p!y the same on account of rf~~ indeb~ed• _ ~
ness secvreJ hc~tb~ Or to pf~mit said 1.10RiGAGOfiS to retci.•.. anJ uie it or any ~~arl Ih•~rco( fot oihcr p~~~,:;srs, v.~lhout Ih:•ri u: .v_~~i u i~npair• . ~
ing any eq~i.~, I~cn or ri9h1 under or by virtuc of this mc:!gage; and i~ iha event ir:d 1.IORTGAGORS sh~ll (or any re~son fail ~o kcrp Ihe said premises so ~
inswed, ot fail to deliver promptly any of sa~:! ~I;t~es o( insuranca to said h10RTGAGEE, or fail promptiy to pay (ully ar~y pre~nium Ihcrofot or in any . ~
refpeu fail ta perform, d~:charg~, e,cecute, ef(ec~, comptetr, comply w~th and ab:dc by th:s covc•~am, or any pjr~ hereof, sa~d /dOR1GAGEE may p~ate a~~d . ~
pay for such ineurance or any parl thereoi w~thoul vlaiving or aHeUi~ig any oplion, lien, equ~ty, ar right undc~ or by virtue of this Mo~igage, and the
' full amou~t ef cach and r:ery wch peynv_m shal('be lmmedfately cluc and ~yab!e and shai! bear interesl from tha data ~hcreof until paid at the rate ot (
nine p~r cenl~m per annu~n ~rd togMhcr .tirth su:t~ i~irer~st sh3N br sit~ire,l b~~ Ihc I:en of Ih~s mortgage. ~
+
A. To ~ermit, eommit or suHer no wasle, irnp~irnecm or detariaraticn o( said pro~.e~ty or any part thereof, t
5_ To pay all and singutar th: costs, charges and expenses, incli~di~ig a ~easonable atromey'~ fee and costs of abs?racts of tiNe, inwrred or p3id at
any lime by said MORiGAGfE, betausc or in ~he event af tir fa~tur~ on tht parl of ~he s~id A10RiGAGOR to duly, promptly and fully per(orm, discharqe. ~
~xetute, effed, tomplzte, cornply w~Ih and 'ab.da Uy exh and ever~~ the s~i~:ula~~o~s, agriements, ccnditions, and tovenants of said promissory note and thii
mortgaga any or e~ther, and sa:ci costs, char~es anJ expenses, eath and a•.ery, shai{ be imn:zdialely d~a and payab!e; whe~her or not ~he~e 6e notite d= t
manJ, atte~npt to tolteU or suit pend[ng; and the (uli a,nount of each a^d every such paym'rM shall bea~ iniere~t ire:.^. the date thereoi until paid al the ~
ratc of nine }~er c_•ntu~n p~r ann~:n; anc.' ~~i s~~d cwts, ctij~gea a+id ex}:~nses ~r~curred or pa~d, tuycther ~vnh such imerest, shal: be secured by Itie iien of Ih~1 ~
, mortgage. ~
6. Tha1 (a) in the evrnl of any brcach of th~s hlertgaqe or defa~lt on th~ part of Ihe l,',ORIGAGOR, or (b) in the event any oF ea:d sums of money ~
herein re(erred to be not promF;tly ar.d fully pa~d •.vi~hin th~~t~ (30~ days nex~ a+ter tt:e sa~ne seveia:Iy b~come due and payable, withnut demand or notice,
or ~n the event each and every the stigu!ztions, agreements, cond~tio:~s and cocenants of sa:d promissory note and th~s mortgage any" or eilher are nol
~uly, protnptly and fuily perforr:~ed, d scharged, exec~ted, rifected, cemp!eted, tcrnF;i~ed ~ti~ih and ab~J~d 5y, then in e~ther or any such event Ihe said ag~
gregate sum mentioned in s3~d pron:iiswy no'e then remaining w;paid, wi~h intcrest ac.rued, and a!t moneys secured hereby, shall betoma dve and pay
able forlhwith, or thereahcr, at the opt;o:~ o+ sa:d ldQ2TGAGEE, as (~L'y a«d cumpl~r~fy as ii all of the s~id svms of money were originatly stipulated ~
to be pj:d en such dr.y, anything in _a.d prom~~sory note or in this 1Aortya~= to Ih~_ c.~nt~ory not.v~thstanding; ond thereupon or Ihereafter at the opt~on of ~
said 1:ORiGAGfE, v:~tf:out not~ce e~ d~•~~~and, swt at law or in equity, ~herefore or ~he~eaiter bec~un, may Ue prosecu~ed as if all mor~eys secured hereby •
had matured pr~or to ds inititurio~. • ~
7, That in the event tha: At the brginn~r.g ~f or at an~ t~~ne pend~~~g any su~t uF:.n tFis 1.lortgrga, or to foredose if, or to reform it, or 1o eniprca
payment of any ualms he+evtid~r, s~id 1.tORTGr.GE~ sh;?! ;np! f to tFe Cuur~ ha+irg ;urisd(cti~~n ~he~eof {or the appointmenl of a Receiver, s~ch Court shall g
fort:~:vith appeint a rc,ci•rrr of s.id mortgagco F:ron_•rty all ~-,d s~ngu'ar, inclvd:ng ait and_ s~r~
~u1ar tiic income, profits, issues and rerenues from whaiever ~
sourtc d~rived, ez:h ar.d ~Y~~y of wi~'~h, ~r beE:,u ~•aE:ri•ss'y vnde~s~ood, ~s hercby in,rtgagcd as if spet~(ica:ly set forth and destribed in the granting and ~
habendom davses I:ereoi, and wch .2ece~v•:r sha!{ hava all the bread and efieu~ve (vr.c~~:,r.s and poi.ets in anywise er.trusled by a Cou~t b a Receiver, and
such appcintment sha11 he made by wch Ccvrt as an ~d~~ii:tcd equity ar.d a traner o~ absolvte rigM "o sbid MORTGAGEE, and withoul ~eference to the ~
adequacy er inadequary of the va~ue ot ih_ pro,~e~ry morrg~ged or to ~hr so:._~~cy cr ~~isohency of s3~d N,ORiGAGOR o~ Ihe defendaros, and that such ~
renss, proiits, income, issues and ceven~es shall 6e appi~~•d by such Receiver accer,a.,~,y to the tien or equity of said MORTGAGEE and the practite of suth.
Co~rt. ~
8. To du!y, pr~~r.pt:y and fu!1y perfo+m, dis:harg:, exe:~t~, effe~t, co.n, teff•, cc~:~~!y tiv~th and abide by each an~ every the stipvtations, agr~ements, ~
tonditiens and cov~•nants ~n sa~ti pro:nissory aote a~id ti."s mc=lgiye set ferti~,
9. That in the event the o~xnershlp of the mcrt3aged prem~ses, or a~i; part thcreof, iceca.nes .vested in a person other lhan tha MORTGAGOR, the
l~1,ORiGAGfE, irs svccessars ar.d assiynz, msy, v;rF~o~t r.otice to the ~dORiGFOR, deai w~th such successor or succezsor in inle~est ~vith ~eference to this _ ~
mo~tgagc a~d the d~Lt hrreb~ sec~red in th~ zan:c ~eeanner as .v~th I'.1or,~3(301 '.ti11f/0V~ in ~ny Yldy vitiating or d~stharging Ihe /,lottgagors' ~iability here-
under or ~~~n th-~ d~:t~~ t~cr::~y secvred. ~~e s3'.e of ~I~~ Fre:•~ises hereby ~nortyay•~d ar:d no forEearan~e on ?he ~art of the IAORiGA: EE or its sutcessors €
or a.signs and no exrens~on o( +he tim~~ fu+ tn> F:.yn:ent of ti:e debt h~~rei,y secureci g~ven by the :AORIGAGEE or its wccessors or a~signs, a5all operate }
Io re!ease, d,scharge, rt,odify c~~argc or afi~ce fhe orig:nai liau',Gty oi rhe l.;O.RTGAGt~R herein, either in yvhole or in part. ?
10. It is spec~l~cafly ~g.ced thst t~~ne is o( th_ essence of tl~ls co~tr;ct and that no ~vaiver oi any obl~gation hereunder or of the obligation se- - i
wred hareby sha!f at any time th=reafter b= hc'd to be 8•.vaivcr cf th~ !errns hercof or of the instru:rent secured herby. ~
. ;
11. !n adcLt:o.i :o ~h= fa.~ge~~•~ rnorrhi; pa;m:r~!s of princ, a! ar.d inr,rest rza~~red by the promisscry no!e se.ured herebr, mo:tgagor covenants !
and agrr_es to pay to n:o-tgacee v.i~h each r.-o•e~h~y pa:~,:e~v an ad;l~r:onai sum cs!:^~.ated b~ mo+tgagee to be equal to 1~`12 of tne annual cost of the follo:v- ~
S
1~g=
. - ~
, A-A!I real proper,y tax~s 'evie~ or ass.ss~d ag~i•:st 7F.•_ u~ova de_cribed real esiate_ ;
~ D-Pt:•r.:-~i^S c~ ~~re aed •,vicusto'~~~ cr.5u•a~~cr as h-~-e;~: reqv:red to be carr~ed c~~ the im~;rovements s~tuate on the above described premises. . i((
C-Pr?n~~;,r.•s on zvcn me:i~:cr cua+aM/ ir.surar,ce as ~~~or~gagee sha~l frc::: tme ro iiar.e deem fit to carty on the loan secured hereby_ }
h4wtgagec sno°t from r~me to ta~.c nCtiiy mo~t~ag~r ~n v,rit~ng of the ar,.ou~t du= and payable hereundrr a~d such sum shall thereupon be due and ~
~ayab:e on !h= dve d>!•~ of fF,~ rc<t m:onth:; pdy:r.~nf a•,d eaci~ svco_ssi.e mo^.tn tf:ereafi~r until mnrtgagee shatl notify mortgagor of a change in such t
a,~d mort a e uarant insurance y 5
amcur.t. Suth sums s!~a:'s !-e app:fed by mor:ga~•:e to::ard fi~e payrreni of :e~f prc~ecty laxes, insurence prem:ums, g g g y
prer.:iums. • , ~
Ih! ~llTPicSS WHEREOf, Tne sa:d M,OkIGAGJ~ has hereunto set his har,d an~ se the day .and year first aforesaid.
: . Signed, Seafed and deti:•e~ed in the presente of: _ f'~LEQ Ai~p ~~~i0~~~~ - ' y
- ST_ LUCIE CO~~Tr fl~ L 0~,~~~(Seaq ~
- - ROCER P01'fRAS ~
- - - CLERK CI~CUI? COURT _ (Seaq ~
~ ~ i _ REGQRD YERIFI~D _ t5eaq ~
, - ~ I ~ IO 36 ~ T5 i C~ T1 - (Seal) ~
SiATE Of fIORIDA ~
St. Lucie ~ ~ ss. ~,~_~;t~~8 ~
c~u~~rY oF _ 1
~
~
Before rnn persona!~•r a,;.e?red ____.~QLYdrS~Q.__cJ~Y1I~__ anu ~
Rosal inda M. Scnwab h~s wife, to me well known and known to me to be t
- the individvafs descrihed in snd viho ezecvted th~ foregoing instrument, and acknowlydged before me that they executed the same for fhe purposes ~
~ - f
therein expressed. And the said Rnaai incia tit_ Sehwah ~
' wife of the :a:d Hawa~d D. Schwab , upon a aeparate and private f
exam~natlon by me taken sFparate and apart irom her said husbanJ, acicnowfedged to and before me that sfie exetuted saFd instrumem freefy and volun- ~
- larity and wnhout any compulsron, constraint, apprehans;on,~, Lor f'ear oi or from her sa6d husband. . -
~ Y/IT~lESS my hand and offic:al seal th~s___ ~ ry~''^"~ day of_ -~~e - A. D. 19 7S ~
/.7. -
" _ - Notary Public in and for the St of Florida at large
A1y Commission expires: ~0, 3 p~76
Retum To:
fi~st Federai Savin~s b Loan Association -
Of Fo:r P'~rce. •:t•ht~.J~' `
Fort Pierce, ficrfda -`IJ':r. -
_ ,f- .
. - ~ ~ . . ` - _ - ~ ~ .
~ . ' . - ~ : i i - . _-.n`'ii _
_ J • -•'L~ ~
7his Instrument Prepared By Robe~t A. Swisher JY . - ' - ~ - ~ r~ ' - ~
First Federa) Savings 8~ Loan Association - : - ~ : ;
of Fort Pierce , Rlor ida 334~0 Q R - f!~ . t'> -
- ~ - BOOx~~O PAGE~~ ~j ' ~^V .
Checked By ~ . J -
~
~ ~ ' ~
. ..:i•- -
; {
. E. , d2