HomeMy WebLinkAbout2180 3. To place and CO~tinuJVS!y keep on !r ~.1. gs r._:: c• !.~~re.,?<<.. y• .~'e o~ sa d'an.i a~~d a' rq.~ipmrnt erd personaliy covered by th:s mu~tg.
aQC, w;rh a11 pren:~,,n~s thereon pa.d ,n tu.i, u~.5_~.,~.:_ sr.e:~:t~r.l ~o~:i ioc•~~, i~ a s.:~t~ ~}~ro~ed b~ th. MUR~.~~~G:[, and w~ndstonn
insurance in the ~sual s}sndard pol cy for~,~, ~n~ ~ s~ ,~;~o.~ d:; fh~~ S1JR iGaG~ E, in s. h.. ++~y or orn~ en:es as rhr h10RTGAGEE ~nay
ttirect; and ali fire anJ win.lsrorm inwrartc po.,; .s .~:n~ of s.~ d'o,:~.ci.nys. a~iy ~nre•~..; t'.,I'~~n or ~~art thcrro!. in the ag:l'c~ate sum efoiesa~d or
in eace~s thereof, shall conr,ln th-r ~w31 s~a^:U~ici n.: c.:~us^ or sv:h Jtl~cr r.~~se ~~s fie ~_~:~r may req.,.re. rn,~f.;ng th.~~ ;oss ~~~drr sa:d poii-
c;es, eacn and eve~v. Parab'e to sad '~1~.RTG:~GEE ss ~s e:. sr .".~y a,>pesr, .{•,:I <<~cL , d r,_~ s_~:,"~ c; sM:~;t i>r ~ro~~~,r:~ assy,~ci .i~~d de:~ve,~.d •o
eny held 6~ safd P.10R~GAGEE as furrh~r sec~~r~ty ro s:~,d n orr.~_i_;~• drui, and, not less i},ar: ten , ~ d~.s ~n ad.onc~• of th~~~ e+~ ~~.,r,~„~ ~~~h ~o!~c~, to dr~
liver to said MORTGAGEE a re~~ewai rhereof, roye~har •n-~~i~ ~ rrce~:~t for th_ pr~r.,~um of suci~ ren••,,,., a:~d ih~•re sha;l L~~ no t.re or K~"~.13f0.'~Il ins~ra~,ca
plated on any of 531(~ bui!d~ngs, any intrresf thc:i.n or p~ir tV:,r~~~ _'tss in the fcrci a ci ~ tle :csi F»,a:~:i as a!o,es.~,.l: a~•U In the e~ent any sum
Of money beCCmM payab'e ~~+der S~ch F:olicy or poLtiei S:~:J !.O~TG~G_E shill have fh< ett on !u reC•_~..• ::~:J dpr.~ ~he 5~ ~:r on a,co~:it of thc +ndebtrd
ness setured hereby or ro pern,t sad tAORTGi+GOR~ ~o r~c:•~~~~ ~rd usz it o; i,,,r N _ ~ _ !V, - _ ~
ing any ¢quity, I~en or r~ryhl vnder or by v[rt;,~e of this rr.•.:t;~sge; and ~n the evenr sa d h1J'nTGi:GOkS sh~il for any reason fa~l ro\rep thc sa d pRre~»:ses so
inwrcd, or fail fu de rver proir~ptly an,; of said poLe;,s ci insuran~~ to sald h"~ORIGAG"tE, or r:~,' ~~r~~r~}:tly ~o pay fully any p~e~i::, •n tfierefor o~ in a:~y
respect fail to pe~Eoim, d~scharge, exeo,te, effect, con~.pler~•, co•r~ply wirh and a!.~ dc by th;s cuve~~.~ ~.t, o~ any ~~art h:raof, s.j:d MGni:~AG~E may p~aca a o
pay for such ins~r~ince or any part thereof wnhout waivi~;y or affecring any ort~on, lie~~, equ.ry, or r:;;ht u~~d~•r or by virtue of th~s hlortgaga, and the
full amo~nt o( earh and e~ery such payn•e~ t sF,all be ln mr:i,atc~ly d~e ar.d payab~e a~~cf shaii bear imer~~st frem the data thereof unt~t p.:id at ti~_ rate ol
nine per centum per annu~n ar.d to~.;_th~~r .ti~th s~.n inr_-..,sr sh,,~ br src~red bq the I~en oF th~s moftgag~.
4. To permit, commit or suffer no waste, in,pair,n~~r! or d~ter~oration of sald prupersy cr any p~rt th~~reof.
5. To pay all and s~ngv'ar the costs, charges ai~d ~xp~enses, ~r.cl~d~ng , re~;enah!r artorr,•:,'s fce ir:d costx of absnac's of t~tle, in,urred or paid at
any tim.e by s~~d h10RiGAGEE, bewvs^ cr in tht• e~e,t ot tlis f.~'urc on ih~• p~~t of the s.::i :1~'niGAGOR to duly, ; ronpt~y and fu!iy ~_rfurin, d~scnarge
execute, effect, complete, co~nply wrth and ab de by eacn ar.d eve~y the st~p~~lat,ons, aare~~r,,e~,•s, cond~!~ons, and cove^an!s ot s.~~d pro .,lssory note a"d ~f,~s
mortgage any o: e~~her, and sa,d costs, charges aeJ exF-unsrs, e~ch a~d everq, shail be in~e~eU d~ r and payab:e; wh<ther or ;~ot th.~re be ?or~ce d~
mand, atternpt to co;iect or su~t pend.ng; and the fu:! a~noun! of each and ecery such pa;:n_•~~i sh, r. int~~rest from :he dare thereot unrii paid at the
rate o~ nine per censum pr, an ~e:~~; vn_ ~i~ s::~ii c~su, g~~s a:~d c,._~cses incurrcd pr paid, toy_th~~r ~v tn sucf~ intnrest, shall be secured by the lien of th~s
mortgage.
b. That (a) in the event os any breach of this P:.ortgage or d~`auir on th~ pirt cf the ,ti10RIGaGOR, or ;b) in ;h,,~ event any of sa d sums of money
herein refarred t~ ba no! pre:r.p!~y anJ f~~~ly ~;~:d ~v:r!:~.~ th rty .3J1 days nent a-r.,r ti:e s.+:~,e se.cra beco^ie d.;e and E:ayab!c, w~tl~oui deniand or ~or~ce,
or (c) in tha evenr ~ach and eve~ y the st~pu'~r~o~~s, z~rc•_.»::us, ce•,d~s~e ~s and covenanfs o' s= d F,ro ~~~sso: y noie and ~h:s n;orrgage any or e~ther are not
july, prompNy and fu!ly pe~fo-~n~d, ci s;i,,3rg:c! ex~~c~r•_d, e`fect~~d co~r:p'e'_d, co~nul:ed v.~th aod at; d••d 5y, then in e.rher or any s~ch event the sa,d eg
gregate sum mentioned in sa~d F;ro:;:issory nc'e then ie:~,~~ning ur.pa~d, v~itti inteie~t aca~ed, ar:d mo•ie~s sewred hereby, si~aii becomz due and pay-
ab~e forthwith, or rl~erea!ter, at the ep+~cn or s.,.d ~AO3TGAG~E, as f~i~y ai:d corn~!err!y ~s ~f a;! of r!,r s~:d sums of money were or.g~r.ally st.pu:ated
tu be pa;d on wth day, anything in sa d p~c n ssa y nove or in this h5o~tgag•~ to the con+rar; n:.t;,;fhsra:id. ~y; and thereupon or ther~~a'ter at the opt~o,~ cf
seid MORTGAGEE, without not!ce or demand, su~t at la~n, or ir. equity, rherefore or thereatrer b__~un, may be prosecuted as if tll moneys securPd hereby
had matured prior ro ~ts inst~tui~on.
7. That in the event that at the beginning ef or at any t~me pe~~d~ng any su:t upen rh~s f1,o•tyage, or foreclose it, or to reform it, o~ to enforce
payment of any claims here~nd•:r, said ~wIORTC„'vGEc sha;~ ,pp:y ro ihe Co:,rt havi~,g ~u~~sd.;r,on tt.~:~•of fo~ the appo:ntment oi a Receiver, s~~ch Covrt shail
forthwith appoint ~ receiver of 53iFi mortgaged prop~rt~ a:l ar.d s~ngular, inc;ud ng o,~ and s~ :;u ar th.; i^.ceme, p~of~IS, issues and reverues frorn whatever
source derived. each and every of wh ,h, be~ng ex~vcss'y ~nders~c_J. ~s her~~b~ rrer±~ i;. o: z:` spec'!c.,:~y set forti~ and deserib~d in the grant~ng and
habend~m ciauses hcrcof, and z~ch Receiver sha;i have al; ~h~ b•oc~l a~,d effeU:ve iur~uc:~s .nd pe:.ers in any~v~sc emr~sfed by a Cou~t to a Receiver, and
wch appointment shali be n•.ade by ;uch Ceur~ as an ad ~utred eGu~+y and a mancr ot abso'•~re r;ght to sald !+10RTGAGEE, ar.d withcut referer.ce ro the
edequ~r~ or inadequacy of thc val~e of the properry me~?g~.^,ed os to tne s:. vency cr :o;o ver,~; pf ,a'.d MORiGAGCR or ihe dciandams, and that svch
rer,ts, profirs, income, iss~es and reverues shal~ be app~~ed ~,y sucn Rec~°rver accord.ng to the ;~en or eq~iy of sa:d MORiGAGEE and the prattice of sucn
COUrt.
8. To du!y, premF.t;y and ful~y perforrn. d:s:hargc, ex=c~te, et`e.t. co•np'ete, cc^~,p~~ w~!h a~;d a6ide by each and every fhe stipvfations, agreements,
condlt~ons and covenanrs ~n sa~d prom;sse-y ~o~e s~~d ths rr•~~,rtgs3~ s~! forth.
9. That in the eve:~t the o•rrnersh~p of th~ ~~,crs~.~g~d prernls.s, or any part thercef, Leco~,es vested in a person other than the MORTGAGOR, the
MORTGAGEE, irs successors and ass!a~~s, may, v::~ho.;r n:;+r.e to ~he !~,OR?GAGR, dea~ •h~;i, _uch successor or weeessor ;n in~er~sf w~rh re'erence to th~a
mortgage and the d~ut hereby 5c'CJ~Gd in the sa~*~,r. ~.~•r as w~rh :!,~rt jago~ w:thout in any •.vay v~t at;ny^ or d,stharging the lAcrtg~gors' IiabiGty here-
under or upon !he deb~ here:+~ s,o.,red. No sa oE tt ~ r~. s• s h,r. b, ..crtg,-:ged ard nc fo•Learac~e on ihe pan of tne ~+10RTGr.G"tE or its successors
o! assigr~s and no exrers:on of thc fn,:,~ to• !i~e ray~~ _ t ur rt..~ d~_b+ f.r-c.,; securcd giv~n by the f:.ORiG.=,G.E or its s~ccessors er assgns, a~•~al! operate
to re!ease, d:scharge, n•odify char:qe er at?ecr t}~e ony.n,;~ ~.ak~., ty o` tn~ l:',ORiGAGOR i,c•rc;n, e.rh.r ~n who!e or in part.
;0. It is spec,f~c~ily c~g~eed rhsr tfm~ ~s of t6c ~sse~~:r ef ~h:s co~~trxr and rhaf ne wa~.er of any oc' ya?~on hereur.der or of the obligation se-
cured hereby sha;~ at any t:^:e tt~_:<~a!ter 6e hc:d to b•. a:. :i.~r cf !h~ terr.,s hereef or of tne i:sir~rrent securEd he~by.
11. In e:id r:c ~~o rV c fo~c:_ _ _ ~,^ti, y , n~s , . rci ~.r..st r:~c:,. •_d F;; the p•.,. ~ ss~;y ~,e•e s: ~u•<•d t.,•.,b„ mo~t.~~~ar covenants
ard agrees ro pa; to r~ =-t;:~gec ~h _ t~r ,,:'a~ w~n rs d k.,; r.,c•~;:g~~ ro be ey.,a! to 1 1? oi i::~ ~nnual cost of rh~ foiiov:-
ing:
A-AI! real prOper+r tax~s !e::_:: ass~~sc~_~..e s' ..~:o~:,• d_.~'•~_,c,~, n,=~. es'.,
8--r'r,n ~,,s on f;. _ ar ..~.,dsr_,. ir;s„ i_ o..:~~_ tn 1. c• ti._ :ve~nen!5 on !h= a%cve d-scr.ked premises.
C-Pr,_~.-lu:; s on :::ch ,.c:rr, _r,e go~~3n~y rs~~a c_ es ~ c•!ga:;~~e snai: ~rc:~ tc .,r~ d~_, fit te carry on the !oan sccuced herzbY-
Vcrtgagee s~ , f-,n t t, c~ . g of tne u_. ,..-d na,ab~ her<. .ia and s.,:h . si,~J N:e•eupon be due and
Fayab!e on th, d.:_ _ rr~: _.t ~ o=r•, ~ s.;:o:ss~.e o n. :.tr:• u m^rtg:a~^ ha'1 ..et:f~ ,,or' ~a ef a chaAge ir. w:h
a~iount. Such sun~s sha:i be ~;:p.~cd uy mcrtgag.r ro:,a~;i tV,~• F;;,n,en; c~ reai prcperry taxes, insura.,t•. p!ern.urr.s, a~d me• ge guarar,ty insurance
p~emiums. ~
!V W!TP~ESS .:HEREOF, tf:e sa:d ,.,CRTG~.G'~3 t:~s 1,-.~ ~,'o s_, h:s h.r..d ard s~_~I the da~ and y ar fKSt a~o~esa~ ~
Signed, Sea •d and d'' ered in the preser~ce of: „ A,~
"G L rt r (5eaq
i
- - - --~Seali
~
- ~Seal)
- - (Seai)
STA'E GF FLQRIDA ~
S5.
COUNTY OF ~t~ L:il~-~-e ~
Before me personaliy app~ared ~~`~L'~ '.~~.°.Il
~ and
--------------------~TLri~__~i_ ~~~'_:'L~___~~~--- h~s wife, to r;e well knarrn a^d known me to be
the individua's descri6ed in zr.d who exeu~ted the ferego:r.g instr~ment, and ackno~h•'edged before m.e tFat they executed tne s3me for the purposes
tnerein express=d. And the aa~d ~'~ni1`~ L'Orn'7
- _ -
wife of the said ~9~'1Cj v:;:1P.71 , ~,^;on a s>parate and privare
exam na!lon by me taken sepa~ate ar.d ~:;art fr;>~~~ n=r Sd.~ {1~SIJd^d, u'CKr,ph'~Cdged to a~d befure me that she exec~~h;d said ir~;v~:r~e:it fr~e'~~ ano vo:~n-
tarily and w~thcut any co^ p~'sicn, co~s!ra~~,t, a;.~ reh~ns on ~ or fe~r oi or from her said h:;sbar.d.
Y~ITNE55 my har.d and of~ic~al seai th:s__ ~ day ef_-___~ i3t~~r~~`~~"'~ P.. D. 19_ 6`'
~ - - -
_ _ 4 _ _L~'~'O-L/ -
No!ary Pub!~ ~n and fo: th~ State of Fiorda at large
My Comm~ss~on expires:
::4teit;•'n Tv: - ~
fi»} Federai Savinge & lo:;;~ Associ,;vlon F~~ ED A~JD RECOP,DED ; ~
" _oi • ~.~y~ ~ 0 0 K , , r.....~ .,.:c; ` i„
F~Crk.Pc~:r~ • ~~I'~G4V~~+_- -
` Fort Pi.,rce, i!cr~da . - - ~a~ , i.
. ~~Cr4'~tl~C~ , _
~ '65 ~;OV 8 P~I 2 : 5 5 . - ~ . . ~ ~
~ ~~~i~s`i _ -
F~G;:_t-. : ; CLEr~K ~ '
Si. LUCi~ COUNTY, ' ~ .
~LCRIDA
BCGr~V~ LJ~~ 'r
;t~ ~
r..~~.