HomeMy WebLinkAbout2937 3. To piace and continvou~ly kcep on the bui!din9s now oi h•~reafter :ctujte on sa~d land and on a11 eq~~jp~nent and penonally covered k~y ihis mortg-
ege, wilh ali premiums ihereon pa~d in tull, tlre insurjncc in ~he uwal s~a~xlarJ Eolicy form, in a sum a~.proveJ by tho hIOR(Gf~GEE, and winds~orm
infurance in tha us~a~ standard pol:ty torm, in a avm approved by the h10RTG.~GEE, in such company or companies as the r.~ORTGAGEE may
dlr~<?; and all 1(~e and windstonn ini~rance po!~ciei o~i tny ot uld bui!d:ncys, any i~~terost tt~erein p~re ~hereof, in the aggrega!e sum ato~esa4d or
In excess thareof, shaU conlain Ihe usual standa~d mortgagee dausa or such othar clause as the Morlgagee may reyv~re, maAing Ihe loss under s~~d ncli-
cie~, each and every, payabte to said MORTGAGEE as ~ts imercx? may appear, and each ancl every ~uch pot~c~r sha? 6e promptly ass yncd and detivered to _
any held by said h10RiGAGEE e: fu~iher ?ew~ity to said mor~gagu dzbr, and, not Iesi than ien (10) days in advanca of ti~a expirat~on of each policy, to de• ~
liver to said h10RTGAGEE a renewal thereof, toge~her with a recelpt for Ihe premiurn of such renewal; and ihere shal! ~r ~o fi~e or windstorm. insurance
pleced ort any ol.said buildings, any iNeresl therein oc paet thereof, unless in tfie tonn a+~d wi~h the loss payable as afarns~id; and in the event any sum
of money becomes payab!e under si~ch polity or pol~cies said 1,10RTGAGEE sh.+ll have the opGon to receia~ a~d apply the same on accoun? of the indabted-
ness securod he~eby or to permit sa]d MORTGAGOR$ lo ~eceive and use it or any p:~r1 tl~•~reof lor oti~<~~ purF•oses, v.~thout ~h.~cui :va(vin~ or unpai~• .
ing any equity, lien o~ ri9ht under or by virtue o( this mor:gage; and in ~ha evenl sa:d h10RIGAGORS shall tor any reaso~i fail to keep the said premises so .
iniured, or fail to delivc~ promptly any of said policies oi insurance ro sa~d ~.10RTGAGEE, or fail ptomptly to pay tully nny pre~»~um there(or or in any ~
resped fail to per(orm, d~scharge, execute, e((ect, compfete, comply with and abide hy th~s tovenanl, or eny pa~t hereof, said MORTGAGEE may Nlaca and
pay (or such insurancz or any part Ihereof ~vithout waiving er alfecting any opt+on, lien, equity, or ~ight u~~Jer or by vlrtue of this hlcrtgage, a~d the '
futi amounl of each and every svch paym~nt shall be immed~ately due ~nd p3yablc a~~d ihall bear inter~st (rom ?ha data thereof u~uil paid al the rare of '
nine per tentum per an~iu~n and to~elht~r ~•rith suth inte~rst sh_~~i b> sc•cured 6y the Ge~ of Ihis mottgage.
d. To pe~mit, commit or auffer no wastr, ir.~pai:ment or dete~ioration of sa~d property or any part thcreof.
5. To pay all and singular the costs, charges rnd expenses, including a reasonab~e al~or~ey's (ee and costs of abstratls of title, inco~red or paid at
any lim.~ by s~id A10RiGAGEE, becausc or in the event of th= fallure on the parr oi Ihe said MORTGAGOR to du~y, prompNy and fulty per(orm, d~scharge.
exec~~te, etfeU, complete, comply w~th a~d ab~de 6y each and wary ~he s~ipulahons, rgrcements, c~ma~lions, and covenants oi said promissory note nnd Ihi~
mortgage any or e~ther, and sa:d <os~s, charges anJ .:xpenses, each and every, shall be in;mediately due and payable; ~vhelher or not there be notice dr
~ mend, attempt to coYled or suil pend~ng; and the full a~nount of each and eve~y such paymero shall bear interesl (rom the date lhereof unlil paid a1 the
rate of n~r.e per certum per annum; and ail sa~d costs, charges and expcnses i~x~rred cr paid, to3~~he~ ~vah such inteces~, shall be secured by the lien of thit
~ mortgage: _ .
~ 6. That (a) in the event of any breach of this Mortgage or defaulf on tha part nf ihe h',O~TGAGOR, or (b) in the event any of sa~d sums of moncy
herein referred to be not pro~np!(y and fulh~ paid w~thin th~rty (301 days next a4te: the same seve~atly becomz due and payabte, without demand or nolice.
~ or (c) in the eveM each and every the slipularians, agreemenrs, cond~tions ancl covenanrs oT sa:d promissory note and thli mortgage any or e~ther are not
~uty, promptfy and futfy performed, d~scha~ged, ececuteJ, efieued, compfeted, co:,~plied with and abided hy, th~n in e;ther or any such event Ihe said ag-
? gregate sum memioned in satd promissory note then remaining unpaid, wi~h imeresl aarued, and aU moneye secueed hereby, stiall become due and pay-
; able forthwith, or thereaft.r, at ~he eprion of a3id I.iORTGAGEE, as (ully and mmplcte~y as if all of the said s~ms of money were or~ginally sGpulated
to 6e p.ud on suth day, anythincy in sa.d pro:~>;ssory note or in this 1.',ortgaga tu the conirary notwithstandiny; ar.d Ihereupon or thereaifer at ?h• option of
said MORTGAGEE, without notice or demand, suit at la~v o~ in equity, therefore or ?hereafter begon, may be prosecuted as if all moneys secured here6y
had matured prior to ~ts inst~wtion. - .
~ 7. That in the event t1~at a? the beginn:ng of or at any ti~ne pending any su:t upon this htortgage, or to foreclose it, or to reform it, or to enforce
s paymenl of any claims hereund~~, s~id N02TG~GcE shall apply to thc• Court ha~in9 jurisd:ct:on the~~ol for the appolntment of a Receiver, svch Covrt sfiaH
~ forlhwith app~int a receiYe~ of s:~id rr.or~ga~ed prop.r:t~ ail and s~ngvlar, ir.ci~d~ng all and singutar il;e income, profits, iss~es and revenues from whatever
f souc<e derived, each and evzry of .vir:h, be~~y express!y understoed, is F~er•_Uy n•o~~9a9ed as if specifically set iorth and describeo thr• ~ra.-~tia~j and
; habendum dauses her~of, and svth Receive: sh~ll I~a~e aIl the bread and eifcttive fu~-r. cns anJ povfers in anywise emrusred by a Cou~t to a Receive~, and
j such appointment shatt be made by such Court as an ad~niiteJ•equity ar.d a matter of ahsotute r~ght to said A10RTGAGEE, and withcut reference to the
+ adequacy or inadequacy of the value of the property mortgaged or to thr soivency or ~nsolvancy of said A10RiGAGOR or the defendeNS, and that svch
} ' rents, profits, inco+ne, issues and rever.ves shail be applied by such Receiver accord~,~g +u the lien or equity of sa~d MORTGAGEE and the practice of such
'a Court. ~
~ - 8. [o duly, promps4y and fu~ly pertorm, d~scha~ge, execute, effect, complele, compty with and abide by each and every the stipvlations, agreemenls,
~ • cond~tions and covena~its tn sa~d promissory note and th:s morrgage set fonh. _ , ~
~
- 9. ihat in the event thc ov~nersh~p oF the inortgaged prem;ses, or any part thcreof, 6:comes vested in a person other than the MORTGAGOR, the 4
~ A!ORTGAGff, its successors end ass~yns, may, without notice to the ~i0l2TGA04, deal vrhh suth successor or succeasor in interest with referertce to this ~
~ ' ;
mo~tyage and the deb~ hereby secured in the same manner as with ~1lortgagor w~thout~ in any way vitia~ing or discfiarging the Mortgagori liabitity here- !
~ - under or upo~ the deb~ h~reby secured. No sa'a oi ihe premises hereby mortgaged and no forbearance on the part of the 1~10R7GAGEE or its successors ~
or ass+9r.s ar.d no ~xtenr.o~ of ~he tirne for the ~JymGn~ of Ihe debt hereby securad given by Ihe h10RTGAGEE or its successors or assigns, ahall Operate
~ lo refease, d~scharge, mod~Ey change or affect the origh~al IiabiGty of the R:ORiG~GOk herein, either i~ whole or in parL
. ;
~ 10. It is speci4icr.lly agreed that lime is oi the essente of this contract and that ~o waiver of any obtigation hereunder or of the obtigation st ;
eured hareby shaii at any time thereatter be he!d to be a v~ai~•e~ of the terms here~f or of the instrument secured herby. !
~ 11. In ad:i:tSo~ to t}~n for~gc:ng month!y pa~:n=nts of N:i:~c'pal and ~~terest requi:ed by the promissory nore secured hereby, mortgagor eovenanls ;
~j and agrees ro p3y ro ntortg3gee .•;~rh each menih!y p3yr.ient an add:rional s~m est~mated b~ mortgagee to be equal to 1/12 oS the annual cost of the fotlow- i
in9: - - ' . - - .
1
i A-All rcal property taxes ~e:ied o: assessed ag3insf thz abovc desuibed real estate. '
= 6-Prcrr.iu:::s on fire and ~v;r.ds!enn ir.sura+~ce as hercin requ~red to ba carried en the imprOVeme:ttt situate on fhe above d~scribed premises. _
? C-Premiun:s on such martgsg~ guaranty ir.surar,ce as merSgaget sfia11 iro~r. t'me to time deem fil io carry on the loan secured hereby.
~ ~ hlortgagee eha'I Srom l:me to time no±iFy mottyago~ in virii~ng of the-amo-~•~tduz and payable hereundar and s~th svrn sha41 ehereupon be due and
r-- Fayab!e on thc d~e c!ate ot the ~~ext monih:y psyn,em and each svct•_ss~ve mo~th thereaiter until mortgagee shal~ notify morry3gor of a change in svch
~ amount. S~ch sums sh3!t be appticd b•~ a~:;rtgag^e tov:a~d tf~e payment of real properry tazes, insvrance prem:vms, and mortgage guaranty insurance
~ premiums.-
- Ih1 1'JITi~E55 V:HFREOF, the said ~rORTGAGOR has hereu~to set his har,d and S~'3~ the day and year f~rst aforesaid. .
~ Signed, Seated and detivered in Ihe presence of:
. _ - ~ ~C> C~s~~''~s/y~=(`~eaq
' ~ {Sean
ic. ' r ~~~~i'~C ~~r,~•..r(Seal)
~ ?[.'L c y ~ ~ ($eal)
3, . ~
' STATE OF fLOR1DA - ~ - ~
; COU:JTY-~Jf S't . Lucie ~ ~ ~
i
Befo~e me perscn~liy a~.~.~~~ea . ~~++ard Schaffer a„a '
I
Martha Sehaffer his wife, to me ~vell known and kno•.•rn to me to be ~
the individva'.s descri~:-d in z~d .vho exe:uted the foregoing instrument, and a:knowiedged before me that they executed the same for ihe purposes i~
therein expressed. And the said Martha S~haffer _ ;
~ Edward Sehaffer . ~ on a se arate" and nvate ~
= vrife of the said - P P P~
~ examination by me taicen s~parete and apart from her said hvsband, acknowiedge~ to and before me that she executed said instr~ment freely and volurr !
~ - tarily and v~~thovl any computsion, constraint, apprehan.{sio,n~, w f ar of or from her said husband. -
£ June 75
# Y~ITNESS my hand and oi(~c~al saal this___~SL_-~ day of_ , A. D. i9
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` . - No ar ub ~ in d for he State-of F;or:da al Large
- ~ ' h1y Commission xpire :
~ - ~ Retum To: _ R ~~sF rt ~ no~.n,~ at LAP.GE
NOTIkRY PG_LtC..T~ ~
First Federa) Savings b Loan Assoc+at~on - _ r, j~„~, 197~
Y ! i.' 1''0: i: _ o flCt
' Of Fort P~erce. - (li GCL - - - - :
c3 6y An~crci~: ua.,~.::~~ ~uswa G
Y .
Fr . Fort ~Pierce. Flerida - - • ~ - , s
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~ - f ~p AN~ RECOYar~A. ~ ..L,~•i~~~~ `}t~s t;rrr,,.,, _ f
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= f~~~~~E~t t01SR~?S v ~.........~'~p, : _ ;
~ This Instrument Prepared 8y Richard r;. Kayes RK C~RCUIt ~4y~t - = ~ ~y ~
" First Federal Savings ~ Loan Association ~~~p~p VE~ti~~E~ . ~ c~';';~- t? ~ ' ~ ~
of_Fort Pierce~ Florida ~ . _ ; : ~-~'"o ~ . _ `
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; Ch2Cked By ~ . ~ t t ; hti 1_
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BOOK~~O PACE(..~t)J . ~ //~~'~~~s
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