HomeMy WebLinkAbout0799 3. To piace and conrinuousll keep on !he b~1 du,gs ;~cx or he~eaf~er e~t~~st~ en sa':i ,and a-:1 c_.~ en~ ard prrsona! y cove~ed by rh~s morig-
age: with d~l p~emi~ms [fi~r2on ~3 t] in full, (ir2 ir.5~_ran_~ !n th4 usuel Sianildre~ pO~ity fUtrtt. in ~;u:r~ dpNrrove~ b~ th~ h1:~R~vr+vEE, dnc3 win(JSTOrm
insurancr in the usual uand3rd po:,cy foim, in a su~n apprc.ed by the MOQTGAGEE, in such con,pany cr co;npanies as the A~ORTGAGEE may
direa; and all fire and w:ndsrorm insurance po ~c:es on any of sald bui!d:ngs, any inrerest tfiere~n ~r part thrreof, ~n rhe aggr~yat. swn bforesaici or
in excess ihe~eof, sha!I ;onta~n the ~su,;l s!and~rd n,ortgagee cia~~se or such orher clavse aa ihe t~lortgagez m~y requ re, making fhe icss under sa~d poli-
c+ea, each and every, pay~b'e ro said h1pRTGAGf E as ~rs int~~rast r.;ay apoear, and each and e<ery such po~:cy sh~ail t~e prOmptly ass 9~,rd and oe~i.ered ro
any held by said MORTGAGEE as further setuiity ro sa~d n;ortgage debt, and, nat !ess than ten (10) days in ad~ance of rhe expi~at~.r, af each po~~cy, 1o de-
liver to said MORT ;AGEE a renewa! thareof, togeihar wifn a receipt iur Ihc pr~mium of such rener.ol; a~~d th~re sha:i ba r.o i:re o- w:n•~sronn insu~anca
placed on any oF sai[I bui!diigs, any interest there~n or part thereof, un!esz in ~he fonn and wi!n !h~ loss pay~i::e as afcresaid; anJ iii ihe eve~~t any sum
of money becomes payab!r ~~~der soch pollcy or poLc~es said MORTGAGE~ sh; II have the opt;on ro reC•:i. c~~d :~pp:; rha sa~ne on <,c.~u:,t of ~he indai~<<~d-
nzsi secured hzreby or to permit sa~d h10RTGAGQRS to recrive and use it or ~ny p:.rt ti~,~~rrof t~r . csrs, t~i ,ti~.:;~.~
ing any equ~ty, lien or r~yhf under or by vi:we of this ,ncr!gage; and in the event sa!d MORIGAGORS sha:l .'or any reason fail to keep the sa~d premises so
ir.wred, o~ i3il to delivei pr~m;~tly any of said pollcies of inwrance to sa:d MORiGAGEE, or fa:' pro r~:tiy ro F~ay fwiy any ~~'e n~vm therrfer or in a~~y
respect fa~l to parform, discharge, exec~te, effect, comp!et~~, comply wi~h and ah~de by tii~s ccvena.:t, or any p.vt hcreof, s.,ld h1i~RTG~G:E may p~ace a o
pay for wch ins~rance or any part the:eof w~tho~l waiving or affecting any op~ion, iien, equ,ty, or r~ ~ht ur~de~ o~ b~ v~rtue of ii~~s ort~aye, ~r..-~, a~z
full an,o~nt of each and every s~ch paymant shall be immediately due and payable and shall b~~ar intarast irom tho date thereoi ::ntii pald at the rate ot
nine per crntum per ann~~m and tog:rihc~r K'III} SJUI in`rr~•st siiaii L~e secured b}' ~he ~ien of this mortgage.
A. To per-nit, tommif or wffer r.o waste, in~.pa:rrnent or deterlorat~on of s~~d property or any part thereof.
5. To pay ali and sinc~vlar the costs, chargea and espenses, inc;uding a reasenab!e attorney's fee and ces~s of aEst~acts of tit!e, incurred or F;a~d at
any t~n~.e by said h10RTGAGEE, beca~se or ~n the event of ihe fa~lure on rne cart of the sa~d h10RTGAGOR to d~iy, pron~p~ly a,~d fully parform, d~sch3rga
execvre, efiect, compfete, comply w~th and ab:de by exh and e~ery the st~pulat~ons, aq_recments, tondit~ons, and covena~vs of sa~d promissory note and th~~
mortyage any or e~ther, ard sa d costs, charges ar,d expenses, each and every, shall be immed~etely due ard paysble; whcther or not thcre be not~ce d ~
mand, atte:npt to co;lect cr suit pand~ng; and the f~ll amount of each and every s~th payn~ent sha!i bear intarest fro~*~ the date thereof until paid at tt~e
r.ire oj n;ne uer crntu•n ~,e. an~•,u:~r and ail szid costs, ch~rgcs n~~d rx~_ens~s incu:rcd or paid, togethcr w~t}o such intertst, shali ba sacur~d by the lian of ih~a
mortgage.
6. That (a) in th~ event of any breach of this ASortyage or de`ault on rhe oart of the 'v10RTvAGOR, or ;b) in the event any of sa;d sums of mor.ey
herein refened to be not pro~nptly and fully paid within rhlrty ~30) days nexi air_r the sae~~ se~era',:y become due a^d pcyab!E, withO:,~i [JemanCi Or rotica,
or ;c) in thz event each and every tne stipu'at~ons, agreements, cood;tio ~s and tovenanrs of s~ d pron:issary note and th,s n~o~tgagz any o~ e~ther are not
~uly, promp+ly and fully performed; d.scharged, exec~ted, effected, comp!eted, compGed with ar.d ab~ded 5y, then in eltner or any wch evem the sa~d ag~
gregate sum ment;oned in said promissory note !hen remaining unpaid, with intere;t at,rued, and ail ~nor.eys setured hereby, shall 6etome d~e and pay-
able fortliwi;h, or rhera`ter, at the option of sald MORTGAGEE, as fuily and cornp!e~cly as if ail o` ri,r sald SumS ei maney v~ere originaify sr:p~,ated
to be pa:d on such d;.y, anythiny ia sa:d prom~sso:y note or in th~s Mortgage to the ta~~rary nor:aithstand::~g; and there~pon or thereaftcr at the cpt:cn oi
sa~d MORTGAGEE, withcut notice or deir.and, suif at law or in equ~ty, therefore or thereaiter beaun, n~ay be erosecuted as if a;l moneys secured hereby
h~d matured prior ro,ts institution.
7. That in the event that at thz beginn:ng of or at any t~me pending any suit upon rhis N•ortoage, or to forec!ese +t, cr b reform iT, or to enForce
payment of any cl,~ims he!eunder, said h10RTGAGEE s6aii a~p!y to th~ Co~rt having ~w~sd c~lon 'h_:co+ fcr the apro:ninien! of a Rcceiver, svch Court shail
forthwith appoint a receiver of said mortgag.d prop~rty ail and singu!ar, incl~d ny a~l a~~d sir.g•~!ar ti:e irteme, prof,ts, iss~~es aed reve~.ues from whatever
source denved, each and every of ~vh:ch, it oeing express(y ~ndersr-vcd, is Fereby mortya~ed as ~f sr~c.fica!'y set forth and descr~bed in the grar,ting a~~d
habendum da~ses hereof, and wch Receivar shall have all the broad ar:d elfect:ve func+.o~~.s zr~d por.ers in am~x~se entusred by a Co~~ri to a Raceiver, and
s~.cn appointm?nf sha11 be made by such Coori as an ad•ni~ted equity ard a ma~rer of a~~so!ure r.yF,t ro sa;d :1',ORTGAGEE, and ~n-~ohcut reference to tt,e
adc~qu~c~• ot inadeqvaty o! the va!ue of the proFerry morrc~aged o~ to ifi~ so ve:~cy cr in; ;:~enc~ of sa:d !.!.CCiGAGQR or tha d•rf~n~~n!s, and rhat such
renrs, proSits, income, issues and revenues sha~l be app:~ed 6y svcn Recerve~ ac.erd;i:q to the lier, or eq.,i!~ o{ s~:d MORTGAGEE and the practice of s~ch
Co u rt.
S. Te du:y, p:omptiy and ful!y perfonn, d~scharge, ex>_co±e. eife:r, co~r.ple?e, cor;,~,~y r,lth anJ ab;de by each and every the s!ipv!ations, agree;nents,
ccnditions and covenantt ~n 53iC~ FJfGnissory note ar.d tnis r.~~rrg~~~a scf forth.
9. That in the e•.e~t the owr.ersh~p ef ~h_ morrgaged Frcm;s~s. o~ a~,~ p3rt t~ereof, become: vesred ir. a pe~son e!hzr ihan th= MORTGAGOR, t1:e
N~ORTGAGEE, its successors ar.d assigns, may, v.~thout not~ce to tk,e .110RiGH~R, deal v.-i;h such successor o~ successo~ in ~nter~st ~vi!h refererce to th~s
mor~gage and ihe debt hereby s?tured in tne same rn~nr.~r as v.~fh ~.1:;rtgago+ w~thout in any viay vi!.ating Cr d zch~~g:ny the Alortyagors' liability hcre-
ur.d~r or upon the de6t he;eoy sec~red. No sa e ci ~he fr. , ~s^s h~:ebq rnortgaged a^d no forbeare~~ce en the pa~t oi the 11lOniGkGEE or its successors
or ass~gns ard r,o exrens~on of fhe ~;:ne for the ;:a;•, e"r o~ ;'r,,_~ orb! h~ rehy sec.,red given by rhe `lGRiGAGEE or +ts successors or ass:gns, o:~~a,l operate
lo re!ease, d~scFarge, modlfy charge or affec! the c~;g.nai Ilau !;r~ of fhe h10RTGAGOR herein, eiti~er in whoie or in part.
10. It is sr.euficaliy aareed thar tim~ is ef tf:e esserce cf th~s co~~tract and tha! no waiver of any ob' gat:on hereund^r or of the ob!igat~on se-
t~red hereby sha,: at any ti~~e itl:f@3fi~t bB h_:d ro be a wai.cr e' th~ ter^ s herecf er oi the ins~rurnent scc~red herby.
11. In sd~.no~ to ihe fore~c ~nonfl., y i:~y:,-cnrs o~ pri-,- I and in•,•._sr r.,~.,.red by ~rcro ss-rr no~e zec:~r~d h~r~b~, mer•~,gor covenanrs
ar.d agrees to pay tc mortgagee ..~•h each r~,o~ hi~ ,c~;t _^ai s~^: ;,s~. a~,d bj n-.o•ty,g:... rc L~ cq.~~' rc cf t;~_ ,,.I cest of the',oi:o•:.-
ii;~:
A.-A~I rzal propert~ isx~s ~ev~~d cr .;ss_sn.i aq:~ sr ~V-~ ai,~:z dc_,r~,~d r_a~ es~ar._.
6-P _ , on fir~ a~ d ~dste~~.~ ~~s,. . .~s iv . _ , cd to cc ca , r. , rcv~~menrs > ?_•a!, c~; t- _ d_cc p
rb::d re •~ises.
C-Prerr.;u, s on such n~.o~t~>_~~ gua•~~ev ,.._~ra~ ce as .,~!„~;c.e sh~.! f,e- , _ ro _ dc.c,,,~ f~! !o carrf on .i,e !o:;•~ sec~r~_: hereb~.
;4cr'gage, sh~'! ..o~n . . _ „ .c r.., ° ^y . acd pn;~.`. ~ her~.,nd:r a^d ;,;~F, z_~,. sf:~., t~ -,-,;pon be d:.~e ard
F~ya6'e on tn:; ti~e d,~.~ c' tFa r., *t ...,,~th .,~=n1 ar.d e ch s,,:c~•ss~ve ~.o . areaf!: . o~c!tg 3~ee sF, ~,.:y ,ro.•, . ef~a ch,,nge in svch
a,•.ount. S,~ch wms st...i !;A a::r.ied br m:~~ga~.~ •c~.ard ti,e carrrent of rea! rro;.err; !s.=es: ~nsu;:,,_ p•e~-,uns, a a „rt~a~e g~aranty insurance
premiums.
~ V~ITPJE~S ' H< <OF, ihe sai.a. .'.1v^niG~GOR has h~_reunto set nfs h~~ d and seal :he day sr ycar first afcresa:d.
~ ~gned, Seal " an eliver d in the p+ese~ce of: „ ~ ~
_..-,-.~1C1~~~/ `eall
` ~ ~ : /A~ r
~ l-2 .l ~ na~l
/ - . ,
~ _ 4~_~ - ~5eel)
if~_:l
~ _ \JCai/
STATE OF fLGR;DA 1
} 55.
COUNTY OF _ _ _~~t _ L~1^ ? ~ I
Before me perscnal{y appeared ~ ~P f•p ~r tj A i c~p and
~h~.rj~t't'P F, i' ' Ci"i~n his wife, to me uvell knov~n and knoxn to me to bt
the ind~vid~a;s de~cr~bed in ar,d who ezew!ed the foregoing instrument ~nd acknow;ed~ed 'oefore me that tFe~ execu?ed the same fcr the purposes
ther>;n expressed. And th= said_________- ~`~an1Qt't~ ~ _.'_~lSh~n
h•ife of the said _ ='n£i~'a . ~~1~=g~'i°n , uppr, a sepa.a:•~ and private
e=am naEon by me taken separate znd apa~t fro r~ her sa;d h~sbar,d, acR~owledged to and befc,re me that she er.ecu'ed sa~d instrv:n~nt fre_1y ar,d volun•
tar~~y and w:tno~.,t any compv'.sien, corstra;nt, apprehens:or., or fear of or from id h::sbar.d.
WITNESS mry hand and c'fic:ai scal th~s_ ___~~~..Z___ day of ~1~1~~_ , A. 'J. 79___~.1;,..
` -_Sd.L _ ~ !~.dZ. r.~t---
i~ Notar~r Fuo'ic in and fo: the State cf F;orida at Large
~ My Corr•~rnlssi~n expires:
Ret~rn To: 4- 2Q1-
First Fed~ral Savings 8 Loan A~S~~~,,~:~~L~d AND RE pR ~
D NO?ARY PIIBI.lC, S7a~ of FL4Ri,~~a~ 1.~1R~E :
O~ Fcrt P;e;c_ _ ~K k1Y CG?,+4!ISS!.N fJ(FJRAS~A?R. 24~ Lgb`9" "
~ort Fierte, F;orci3
•`.`I~ _ '6s MAY 3I P~i 2 : 35 ; ,,,,tc'•
_ ~f~ ~ -,~,y:U. -
- . ROGEF~ ~'OITRAS, CLERK ~ , ' .
5T. LUCIE COUNTY,
~ ~ - FLQRIOA
~~~~.~9 ~97
~