HomeMy WebLinkAbout2935 ~
~
3. To placa and continuous~y kcep on the bui!ding3 no•rv ot hereafter situate on said land and on all equtp,nent and pereonnlly covered 6y this morlg• ~
ape, wi!h all premiums Ihereon pa:J in lull, (ira inwrancc i~~ the usual srondard po!icy (orm, in a sum approved by the MOR~GAGEE, and windstorm
insurance in the usw~ s~a.xlud policy (orm, in a sum approved by 1he MORTG.~GEE, in wch company or com~~anies as the h10RTGAGEE may ~
airetl; and all (ire and x~ndetorm insuren~c policics on any of s~~cl build:r.gS, any interest thcrein or part thcrcof, in ihe aggr~gate sum aforesai;l or i
In ezcess ihereof, sh~ll comain iho us~al s~andarJ mortgagea ciause or w.h oth>r ciause ai tha h\or~gayee may requ~rr, mnking the loss under sa~d po1F• ;
cief, each and every, payab!a Io said h\t~RTGAGEE as its interesl may appear, and eacli and every svch po!ic/ sl,ail be promplly ass ~ned and de~ivered to
any hetd by s~id MORiGAGEE as (urlhcr sacurity to siid mart9aga J~b?, and, no~ ~t~s than Ien (10) deys in adoance oi the expiration o( each policy, Io dt-
liver to said h10RTGAGEE a renewal thcreof, Iogether wilh a~eceipt tor the prrmium of sudc renewal; anti Ihere shall be no lire or windstorm insurance
pleced on any of safd buitJings, any intricst therein or part thercof, un!ess in ~he form and w~~h the lose payabtc as afo~esaid; and in the evrnt any sum I
of maney becomes pay~bie undrr wch polity or policies 3aiJ lAORTGAGEE shall have the option to tetaive and apFly the same on attount o( the indebted- ~
ness setured harcby or ro permit said MORTGAGORS to rcceivu and use it or any p~rt tl~ercof lor oti~._•. pu~poses, ~•.i~hout Ih~r~b~ ~v~ivin~ or unpa~r- ~ ~
inc~ any equity, lien or right under o~ by virtue o1 Ihis mor:yage; and in Iha evcnl eaid AIORTGAGORb shall fot any ~cason fai) to keep 1hc said ptemists so
insured, or fail lo drliver promptly any o( said pol~cies o( insurance to said h10RTGAGEE, or (ail promptly ro pay futly any premium therelor or in any • i
respect (ail to pertorm, d~3charge, execute, effed, comp:eta, comp;y vt~ith and abide by thi~ covanant, or any part hereof, said MORTGAGEE may place a~~d
pay for such ins~rance or any par~ the~eof wi~hout waiving or af(ecling any option, ~ien, equrty, or r~gh~ under or by virtue of this h5ortgago, a~d thf !
full amou~t of each and every such paymen( s{iall be immediately due and payable and shall bee~ interest from tho date tF~ereof until paid at the rate o1 ~
ni~e per canluin cer annum a~id tc•~eti~er v; ith such inierest shail br secured 4>y the iien of this mortgagc.
, 4. To permit, tomrnit or suHer no wasfe, impainnent or dclerioration o~ faid property or any pa~t thereoi.
5. io pay all anJ singvlar the cos?s, charges and expe~ses, includin9 a reasonable a~tomey'~ fee and costs of ab:tracts of title, i~curred or paid a1
any time by sald !~'G41GAGfE, because or in the event of the failurc• on the part of the said MORTGAGOR to duly, promplly and fulty perform, d~scharge,
execute, effect, cemplete, comply w~th and ab:de by ea.h and every the stip~tahons, aqreemems, conditions, and covenants of eaid promissory notQ and this
mortgage any or ef~her, and sa d costs, charges and expenses, each and every, shall be immediately due and payable; wheiher or not Ihere be no!~ce da
mand, attempt to co!tect or evit pending; and the full amo~nt of each a~id every such payment shall bear interest {rom the date thrreot until paid at the
ra~e of nine per canturn per a~euu:n; and ail saiJ custs, cha~ges ae~d'expenses ~ncur~ed or paiJ, toge~her ~yi~h such interust, shatl be secured by ths lien of thii
morfgage. -
6. Tha7 (a) in the event of any breach of ihis Nortgage or default on the part of the hIORTGAGOR, or (b) in the evenl any of satd sums of money
herein referred to be not promptly and fully paid within th'uty (30) days nex! af1e~ the same severa!Iv become due and ~yable, without demand or nclice,
or (c) in the event each and every the st~pufations, agrcements, ~ond~tions and covenants of sa:d promissory note and th~s mortgage any o? e7ther are not
~uly, promptly and fully pertormed, d:stharged, executed, effected, completed, compfed tivith and abided tiy, then in either or any such event the said ag- t
gregate ~vm mentioned in said prornissory note then remaining unpaid, with inte~est aarued, and all moneys secured hereby, shall become due and pay- t
; able (orrhwiln, or thereaftcr, at the optlon of said h10RTGAGE~, as' fully and cumpletcly as ii all of the said sums of money were originally stipul~ted f
?o be rid on wch d.• , an thin in sa~J ro:n=ssor note ot in Ihis hlorr a to th_ contrar not.vithstandin and thereu on or thereafter at the o lion of ~
P 1 1 9 F Y 3 9= / 9: P P ~
~ said l:tORTGAGEE, w~thout not~ce or demand, suit at law or in equity, therefore or therea(ter 6egun, nzay be proseculed as if all moneys-sea~red hereby ~
: had matuted prior to i1s insNtufion.
~ ~
7. That in the event ihat at the beginn~ng uf or at any time pending any suit u~n Ihis Mortgage, or to foredose if, ot to reform it, or fo enforce
' payment of any daPms hereund~r, said T.:OP,TGi+G_E shali apply to 1he Cour! having jurisdidion thereol for the appoiMment of a Receivet, such Court shall t
forthwith appoint a recervei of :s~d rr.orfyayed pro;~:rty all ar,d singular, inc;ud;ng at! ar.d s~ngular Ihe income, prolits, issues and revenves {rom whateve? }
source derived, ezch and every uf wh'~h, it 6einy expressiy understcod, is hereby rt:ortgagCd as if spetifically set forth an~_destribed in the graroing and - ~
habendum dauses he:eoF, and such Receiver shail have al{ the broad and efifectlve funct,ons and pov.ers in anywise eNrusted ~6y a Court to a Receiver, and `
such appointmenl shall be madc by wth Court as an ad:nitted rqv~ty and a n~attcr of absolute cight to said AtORTGAGEE, and without referente to the ~
adequacy or inadequacy of the valve of tha properry morfgaged or to ~he sotvency or ;nso!vency o( sa~d 710RfGAGOR or the defendams, and thal such
~ ren~s, profits, income, issves and revenues sha!f be applied by wch Receiver according to the lien or equity of se~d h10RTGAGEE and the prattice of such F
Court. -
. i
; 8: To 8uty, prompNy and fuRy per(orni, discharge, execute, effPCt, complete, comply wifh and abide by each and every the stipalations, agreemenls, ;
~ conditions an~ coveaants in said promissor~r_note and th~s mortgagz set forth. ~
!
9. That in tfiz evenf thc o•Nrtersh~p of the mortgaged prem.eses, or any part thcreol, becomes vested in a person other fhan ihe MORTGAGOR, the
h',ORTGAGEE, irs successors ar.d ass+3ns, may, ~vitfw~t not~ce to the !.!ORTGAOR, deal vrith such successor or successor in interest ~vi~h reference te thia ~
mo~tgage and the debt hereby secured in the same manner as with LSortgagor vrilhout in any way vitiating or discharging tha Mortgagors' liabifity here-
under or upon ~he d~~bt h~reb~ sewred. ho sale of th=_ premises hcrzby mertgaged ar.d no forbearance on the part of the /.10RiGAGEE or iis suaessors `
or ass+9~~s and no exrension oi the time for th.e esyrr.er.t of the debt heieby sec~rrd givc•n by Ihe f110RTGAGEE or its successors or asrgns, ahall operate (
to release, d.scharge, mod~fy thange or af(ect the origlnal liabi~~iy of ~he N.ORTGAGOR herein, either in ~vhote or in part,
10. It is spec+F~catiy agreed that time is of the essence of t}:is contract and that no waiver of any obliga:lon hereunder or of the obligation se- ~
eured h~reby shali at a~y tin;e :hereafter be hc!d to be a wai~•er of the !erms hereof or of. the instrument sec~red herby. ' E
11. In add.t'c:i to the iorego ~~g ~r:onti~!y nay:n:nts of p:ir,c'pal a-~~ interest requ~red by the promissory no!e secured hereby, mo~lgagor eovenaMs ~
and ay:ces to pay to mer~a~gee v.ith each irenth!y payr-e~tt an odU~rior~al swn es!i:r.ated 6y mortgagee to be equal to 1~`12 of the annuat cost of the follow-
ing: . ~
- i
A-A:1 real property 1]%23 feviec: or assessed ag3inst thc ai;ove descri~cd real estate.
~ 6- P:c~,:~.~~~s c~ (ire a~d viir.dstor~,: :r,svra: ca as here~n requ~red to E,e carri~~d c~~ the improv~meats z~tuate on the above d:scribed premises. ~
C--Prem~u:rs o:~ s~:ch mortg:ge gua+anty ir.sv:arce as mortg3gee ~hal~ frcm t;me to ti,ne deem fit to carry on the (oan secured hereby. - ~
1Aoftgag~-c s^a?1 from time to ti:::c no4:i; mortgagcr in writ~r.y of the a-no~nt du~ and payable hereunder and such sum shall thereupon be due and
~ayabte on the du= ciatc ai the nexr n~on!h+., p;yment ar.d eech successive ~r.o~uh tnereaft,r vNil mortga3ee shall nolify mortgagoi of a change in suth
an:oum. Such sums shail be app!ied 'oy mor;gagce tu.va~d the payment of real prcperty taxes, insv-a~ue prem:ums, and mortgage guaranty insurance . j
prem~un:s. _ ~
_
IN \'~tiPJESS :4HEREOF, th~ sa~d ~.ORTGAGOR has hereunto set his har,d and seal th~ day and ye 'rst aforesaid.
Siyned, Sealed ar.d defive+ed in the presence of: "
_ Seal)
~~~y i~- - wrence Nay or , s ing ~ei~
~ _ - . ' _ aC1Lllt~Seal) -
c~~~ ~
(Seaq
STATE OF FLORf A ~ . ' ~
COUNTY.OF St ._Luc ie _ ~ - ~ ~
B~fore me perso^a•,ly aape.red ---------~carQ~C`~_ Na,y lor -
- r - ---~e*s-~r'rfr, to me ~vell knotivn and kno•1vn to me to be ~
the individ::at descr.~d in and who execuled the foregoi~g ..^.ss;vment, and acknowledged before me that he executed the same for the purposes
therein expressed. .JLid.tkra~iJs~~~~~~~ ~ ~
,rrife~f-rke~reid~_.________.____________~_______..__..__~_______.._~___~~-~en~-seperefe-and~pre~ate~ `
~ao~nar`ea. 6y_rne.r~an.aapira~. ir,d ~para i.w~l~e~ s~wi •i~~rsbewd~. wckr»wtedged ~o-e~d-before ~ne 4hst-eF~: c~eeewed eaid-inshai+ner* f~eey bnd~slerr ~
!xity-awd. w:ai:w~ ~^Y ~~P~~f eo++.~reiM.'eAr~sr~mmx+. ~ERf~C7f"OI~fTOT'F1R 73f!}I743ITdTld' '
Y~:TNE55 my hand and offic7al seal this ~ day of ~ q, 0: 19~
- . . J .
Notary Public a for ihe State of Florida et large
_ fdy Commissi n expiras:
Retum To: - -
' Tlatarv P.' ~[c, c!.;;, cE FL- ri~o ct to~~e
Firs~ Federal Savings 8 loan Associat:on
Of Fort P:~rte. f„y Ccm: ~n E::; ic.., :u?f JJ, ]9?7
fort Pie:ce, Florida - Bonded by Amatiwn fire 6 Gaivoily Cu.
~4 Q A~C;~ ~
~ , ; ` ° - ~
i - - . sT.~~ - . ~ : . . . . . .
This Instrument Prepared ByGsry F . EllwOOd ~~~t COUit7 _ , - - ~ ~ ~
First Federal Savin s 8~ loan Association tEO:r.r~~~~ ~-'_f~ .
, of Fort Pierce~ Florida 33450 ~E~~~~ ~ = - J- : - ~
~i 8 ~ ~'~5 ~ ~~1~:= ~
Checked By ~ ~ r ~ ~,G~ - . i - ' "
' ~~~VO ~ . . y ~ ` ` .
= 0 R ~
` • . 41; '
~ 800K ~4O PAGE~~~~ . : ^ - ~
' _ '~iJtliitllN~`•
` ' : . Sh
_ . , . . _ • ,