HomeMy WebLinkAbout2149 3. To placa and tontinuausly kecp i~n the Uuil~iings :;a,~ cr Fcfc~fier srtu.+te on s~:~i la~e;l and on all eqv~pment a.^.d ,personally covered by ihis mortg• ;
ege, wilh all ptem~ums Iherto~ ~a:d in full, lira ~nsura,x~ in th~ ~suil eta~uler:! Fw!~cy term, in ~ sum dE:~1lPYf(~ by Iha A10RIGAGEE, a~~d w~nds~Crm
insuronce in th~ usual standard pu::cy forro, in ~ aum appro~ed by ~h~ A~ORTGAGfE, in such con~pany cr co~npaoies as Ihr YORTGl1GEE may
dirrct; and all `;•e • and w~ndsiarm insuranc~ pof~cirs on any of said bu~td:TZ9s, any in~~rest ther.in or parl Ihercof, in the eggrega~e sum aloresa~d or
in excess lhercrsi, shall comain ~he uw31 s+ar.derd mo~~gj9ee c~ause or such other clzuse as ihe Alorty59ee m~y requ~re, maAinc~ thc loss unJrr s~~d po~i-
eiee, each and rvery, payab!a to said ~1tJFTG.AGEE as ~~s iMcr.•st may appear, and ea:h and cvery svth po!ic~ ahjll ba promptly as+9~:~-d a~d detivared ~o
eny held by sa~d 7.10RTGAGEE as furiher s_tur~ty ~o said ntortc~~ga deut, and, noi tess than ten t10) dsys in advance of tha expiraNon of each pol:cy, to de- ~
(iver fo sa~d R10RiGAGEE a renewal Ihereof, ~~>ge~her ~vith a receipt (or Ihe pre~~~iu~n o( such rene.val; and thero shall ba na f~re or ~vi~idstor~n insurante
plated on any of said bui!dings, an~ interest therein ot part 1h~reof, unless in ibe form and wi:h Ihe Iess payab~e as aforets~d; and in ~he evenl any ~um
of money becomes payable cnder sucM policy or pol;:ies s.~~d ~.10RTG~GEE ehall hjvr the opt~on to rer:~ve artd app~y the s~me on accoonr of tl~e indabted-
ness sCtured hereby or to permit Sa;d ~.10RTGAGCRS to teteive and use it or ony }~art th•:+•,o( fcr c:iirr ~:ur! oses. ~•.~~iio.:t th~n u: ~voi.in~ c~ ~n~p~ir i
ing any equity, fien or rigM undcr or by virlua oi ihis ~no:'gage; ar.d in the evenl sid ;110R1GAGORS shall for any rcaion fail to kt•ep the soid prem~s=a so - ;
insured, or fail to deGvcr promplly any of sa~d pu{~c~es of inturance io se~d h10RTG.AGEE, or fa~l promptly to pay (~Ily any pre~nium ~herefor or in any # ;
resoect Fail to pe~form, discha~ge, exccute, e(iect, co~,~p'etz, co:nply •,~vith and abide by th:s covenant, or any part.htreoi, se~d MORiGAGEE may plate and ,
' pay for svth insurante or any part thercof w~thout ~vaiving or a(ircting anq option, lien, equ~ly, ot righl under o~ 6y virtu? of tl~is Alortgage, and the
full amount o~ cath and eve'y wch payment sh~l! be icn~nediately dua and µ~yab~e a~d sha1~ tear interest iroin Iha date Ihcrcof ~ntil paid al thz rate o1
~ine pcr tenWm pet annu^~ 3~~d t,~~rtl::•r ~.~ith e~ch intri~•et sF~.iii :.r s~•:ur~d by thc lien O( this mortg~~e.
4. To permit, tommit or svf(er no waste, impaiimcnt or doteriora~ion of said property or any part thereof. .
5. To pay all and singular the ccsts, charges and exuenses, incluci~ng a rcasonable a~romey's Fee and costs of abstracts o( title, inc~rre~! ot paid at
any time by sa~d h!ORIGAGEE, bccavse or in ihe event of th_ fa~!ure on ~he par! of she said MJRTGAGOR to duly, pra~~ptly and f~Ily pertonn, d~scharge,
~ execvte, e(fec~, comptete, co•nply w,N~ and ab:c4~ by each and rvery the stip~'.a~~ons, agr~ements, co+id~tions, and covenants of said prom:ssory note and th~s
mortgaga any or e~~hcr, and sr.d cosrs, charges dil(~ expenses. each nnd ~very, sha+l ba immrdiatety due and payable; whethe~ or no1 there be notice da i
nwnd, altempt to co'!ed ot suit pend[ng; and th= fu!1 amoum of cach and cvcry suth paymeM ahall bea. in~crest (rom thc date thereof until paid al the ~
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rate of nine per centvni pcr amw anc! ~~1 sa e! cc.sis, cha~g~s and expenses ir.tvrred or F:a~d, tcgethrt w~th s~ch i~terest, shail ~e setutrd by thz Gen of thts {
~o: tgnge. ~
~ 6.. Thal (a) in the event of any brratli o( this Mo~tgjge or d~~fauit on th: part of the h'.ORTGAGOR, ur ~o) in Iha evoM any of sa:d svms of money
herein reicr~ed to be not p~umptly and fu!ly paid •,vithin ~hfrt~ (30) da~rs next a+ter ~he same severa!!y become d~e and payable, wiihout demard or notice,
ot. (t) in the event each and evary the stipi~'ations, a~re.•menls, cor:dltiens and tovenann o( ss;d pro:nisso~y note and th~s mortgage any or either are not
july, pro~~:~~tly and fulty perforn:ed, d•scnar~:d, exe:~ted, e+fected, co~,~;:!eted, co•,~pLed v.itn and abided 5y, then in either or any auch eveN the sa~d ag• t
gregate sum menNo»ed in said promissory note then rerr.aini~~g unpaid, ~ti~th iiltBfr31 acuurd, ar.d ati mc~eys secured hereby, shall become due a~d pay }
ab:e forth.vith, or therea(tcr, at the option of sa:ci "A[~RTGAGEE, as iu!ty a~~ co~~,pterely as if a~i of ~hc sa;d sums of money were onginally st~pulated
te be pa:d on su<h dr.y, anyiFun~ ~n sa d,.rom~s;ory note or in this 1.!ortyage to the conrrary not•:+ithstanding; a~d thereupon or thcreaiter at the aption of ~
seid ~AORIGAGEE, ,w~thout r?ot~c~ or den~and, su~t at law or in equity, ~herefore or tFerrjf~er be9un, m~y be proseculed as if all moneys secured hereby ~
had matured prior to ~ts inslitution. -
7. That in Ihe event that at th~ 6eyinnlr.g of or o1 any time pendinq 3ny s~it upcr Ih~s P.lortyage, oP to foreclose it, or to reform it, or to enforce ~
payment o( any c!aims hereunder, sa'rd 1:,ORTGAI:`_F shaii appiy to thc Covrt havir.g ju~~sd:ct2on tiiereo4 for the appointment of a Reteiver, suth Co~rt shall ~
Fcrt},,,,;th af.~oi:,t a recei~.Ar of said mo•:gag~d ~!c~~rrt~ ai~ and eingela~, in.E~J ng a~: ~nd sinquiar ~he intome, prof~ls, issues and revenues from whatever !
so~•.e de~ivrd, ea:h ard every oF v.h;ch, it l_~n~ c•xF.ress!y ur,derstoed, is F.ereoy :~.c~iq~c~ed as if specifically se! iorth and deseribed in the granting and ;
. hab_~ndum ci3sses her•=of, a:~d svch Recciver sh~l1 hava a!I the bread ar.d ~TTC{!r:c' ~vrc~ ons and po~.ve~s in anywise eMrusted by ~a i.ourt to a Receiver, ar.d ~
wch ai.pcintment sh~Il k~ rnade Uy s~ch Co~rt as an admit~ed equity anc; a naticr cf ,•!,so~~tc riyht to said A50RTGP.GEE, and withcul reference to the ~
adeqv.cy or inadeyvacy of the vafue ai fhe p•o~,•_rty n;~rtgaged or tc the sac_~ncy er ~nsc..•cncy of said MORTGAGOR or the defend~ms, and thal suth ~
rents, profits, ir.come, i;sues and revenues sha:t be app;~ed by wch Receiver accordu~g tu ~he lien or equity oi said lAORTGAGEE and the practite of suth
Covrt. ~ ~
, 8. To du:y, prempriy dntl Ful1y perform, d~s:harg?, execute, eifeu, tOmp!e~e, cv`mply wah and abide by each and every the stipulations, agreements, Z
conditions and cav~r.ants ~~i said pro~i~ssor~+ r,ate and ~his mxtgag•_ set forth. ' - ~
_ 9. That in the e~•enr th=- ovmersh~p of tha ~::ortqaged prene~ses, o~ any parl thercof, Lecomes vested in a person ether than the h50RTGAGOR, the
A10RTGAGEE, its su~cessors ar:d ass:gns, r.,3y, ~v~thavt notice ro tt:e ,',OS2IGFOR, dea! vJi!h s~ch successor or 3uccessor ;n inserest wiih refercnce to thii ~
mortga~e acd thc deut hereby zec~rcd in the same ~anr.cr as •.vi~h T.Sortgagor v~ithcut in any way vitiating or d~stharging the 1.5ortgagors' liability hert- ~
vnder or vF?on ~h~ debt he:eby secv:ed. No sa:a cf th~ Fre.r.ises hereby mo~tg3ged and no iorbeara~ce on the part of the 1J10R7GkGEE or its successors !
or ass~gns ar.d no extens~on ct the thr._ f~~r ~h;~ pay~rer,t of ihe debs hereby sec~red given by the /hORTGAGEE or its successors or ass~gns, ahall operate ~
t~ re~ezse, d:scharge, modily char.gc or affect 1he crigl~wl liab:tit~ of fha h'~~RiGAGOR I;erein, eifher in whole or in part. _ ~
10. It is spec~fically agreed ~hat ttme is of th~ esse^ce of th:s contract and ihat no waiver of any obHgat~on hereunder or of the.obligation se- f
cured harrby sha!1 at an~ tin,e thcreaiter be i~e'.d to be a wa~.er oE th~ terms harcof o~ of the instrumero secured herby. '
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_ 11. In zuJ tio~ to tF:~ torc3o'~~~ :e~;;ntF,'~ ~;;yn;~nts uf pr:~c'pa~ a~id i+'~t,-rcz~ rcru~~ed by the prom~ssory no!e securcd h~reb~, mortgagor eovenanls ~
and agr~es to pay to n~orty,gae w;,h ca_h ~::,~:st~ ;,.;;•.:.~nt an ~d;!.rlo~~a~ s~~~-~ es~•:~~a+ed b/ rn~:tgage= fo be equa4 to 1~'12 oi the annuai cost of the follow- ~
~~9~ - S
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A-A~i reaf E~roperty tax.e> i~nac; cr asst•ss~,ci aga?=st th_ al:ove desc~~b_J real esrata.. ~
6--Premfur,s an i[re ar.d v,~ndst._rr:~ ir.sur~r.ce as i,ere~n r.qu:red to be carrie-l a: t}:e im~.rGVEm@ntS srtuate on the abo~e d_scribed premises. ~
C-Pre~.~~un•s o:i svch mortg~ge guarant~ ir.svrar:ce ~s mort~agec ;fiail #rc:n t me to ti:ne deem 1it to earry on the loan secured hereby. ~
~ Alortsagee rT~!t fr~~r, ~inv~ to t~n:e ne!i(y mort^yagor ~n virit~r.g of the a:rou-.t dvr ar.d payabte hereundzr and such surn shatl thereupon be due and ~
payab'c on the d~e c?ate of th= i~~_xt n.c~!F': j payme:.t and each su.c^ssive me~th thereait~r ur.til mortgagee shall notify mortgagor of a change in soch
~ amc~;nr. Such sums scail 6e ap~+!i~d uy morrya jae to:~ard the pa~men! of rea! property tax~s, ins~ra~~ce prem;ums, a~~d rgage guaramy insurance t
. premivms. . ~
. IN WIIP.ESS Y.H~RE~F, tn_ s~~d I:~ORTvAGOR has hereunto set his_hard and seal the day an ye r fir f res ' - J 4
5gned, Sea!ed ard de!ivered in th? cresencc or: ~ f ~Efl ~x~, RECOROfD k~ ~
LUC1c~C~UM71! FLA. t5eat) ;
- - ROGEr. ?O~tRAS ~ _ ,
: - f CLERK vI:iGJ:i COURT (Seal) . ~
- - ~ ~ RECaRn YEFtiFIf~ (Seaq 3
~1.~L.~'~ - 1 ~ (Seaq ~ °
10 ~6 I~ 7 ~
5TATE CF FLORIDA 8 _ C
~ S5. g
~ cou,~rY oF St Luci e________ ~
~~~5~9 - ~
Beforc me p~rsor.ail•~ ap~;e~red _ W21111,II1 PaX~C~L _
and
~3onnie M. Parker ~3
_ his wife, to me well known znd knoNm to me to be
- th: individuaSs d~scri6ed in and ~vho executed th~ forege:ng instrument, and a:know'ec'ged before me that they exetuted th~ same for the p~rposes
Bonnie M. Parker` -
therein expressed. And the said_-_ " . ~
w~le of the said _____W11113IA E._ Parker - upon a separate and private
exam~na+~on by ne taken separata and apart from her said husbar,d, acknowledged to and before me that she executed said instrument freety and volun-
: tarily and w~tho~t any compvlzion, constraint, apprehens~ o fear oE or 4rom her said husband. _ ' '
Y10TT~E~S my hand and offiuai seal th:s- day cf_ `JUne , A D 19 7S
~ . Notary Pvblic in a for th !ate of Florida at Large
I ~ My Ccmmission pirer.
Return To: ~
First Federal Sa.ings & Loan Associat:on .
- i~~T.;~./ r.._.~~~, SC f~n. ...i ~ .:L -
Of =ort P;erce. " ~ ' - , , ~
i.' _ . 1, l~:i
Fort Pierce, Fterida ~ . { - - `
. . . . . i~~.:::~u:,i L) nS~.~~~t.:~: Lu.~ncla ~.....:L:~:b 4tr .
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This Instrument Prepared By R1Chaird K. Kdyes ~ ~ - ~ ~ .
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First Federal Savings Loan Association _ ~ , _ ~ .
of Fort Pierce , F'lOridd p R i . .i~'
~ 800K~~U PAGE~~4$ - - ' Z
, Checked By ~~,'*i'~,~~ - - t
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