HomeMy WebLinkAbout0481 3. To pl,~ce and cnntinuoutly keep on tl~e bui!d~ngs now or he~eal~e~ ~~tva~e ori sa~d la~~d and on all ~y,.,i~,~nc~~r ar.d perta,ally covered by th~~ morlg
aye. w~~h •II premw,ns Ihereon pa,J ~n f~ll, !ue ~nwrame ~~i the ~~tiu~l aea~.cl~ril ~ficy (orm, in a wm ay~~~ro.ed b~ ~he M~~R~t,AGfE. a~,d w~nds~wm
~nswance in tho us~al sfandord ~Lcy for.n, in a sv~~~ ap~,~uyed by the h1JRTGAGlE, in such company or co,~~~~ames as tl~e h10kf~,AGEE ~nay
d~rec~; and all lire and w~nd~to+m msurance pol~ues vn a~iy ol sa~d twild+~~yt, any inte~est there~n or per~ Ihe~eul, in 11~e ayy~~~ya~e w~n aforesaid or
I~ excefs Ihereof, ahall cont~in the ut~al sta~~dard morty~gee clauee ar tuch o~lror cl~use ss ~he Mor~yayee r~~ay reyv.re, maA~ny the los~ unJer s~~d po~i-
c~es, eath nnd eve~y. payab~~ ~o sa~d AWRiGAGEE as ~ts ~~ueiell may appear, and each and every svth pu~~cy shail I~e ~~ro~~~~~t~y ast y,~cd a~~d del~ve~ed ~o
eny held by sa~d AtORfGAGtC as (ur~her secwitV to said n,o~tqage debt, anJ, nof less 1ha~ ~en (10) davs in advance ol ~he ea+~~~at~o~~ o~ each po'~cy, to de•
~~ver to sa~d MORIGAGEE a re+~ewai Ihereol, toyeihe~ w~~h a rece~pt !or Ihe p~em~um of such ~enrwa~; and ~be~p sh,~ii h~ ne L~~ or ,n,~~dsio~~n i~~wra„c«
plated on e~y of sa~d b~~itd~nyf, ony inte~esl thcre~n or pa~! the~eo(, unlc?a in the (orm end wnh the loas payablc a+ alc~~es.~~tl: and i~~ d~e cvent .ny som
of money bt~co~n@a payable i~nder auth jx~lfcy w pol~cies sa~d MORTGAGlE ~hall have the oyi~cm to recr~~e a~,J ~p~,ly the sa~~~e on ac«~u:~~ ol the ~~~J~•ht.,~l-
ness src~~ed he~eby or ~o per.~+~f sa~d MORIGAGORS to receivo and ute it w a~y pa~l ther~•of Ic~r o:h~ r~ u,, ,,,il „~t , r
inq any equ~ly, ben or r~yhl ~nder o~ by virl~.e of this mortyage; ~nd in the evenl ta~d MORiGAGORS shall !or any ~o.,wn /~il 1o M~~ep N,r +a~J prrm~s•-~ so
i~~su~ed. O? fail fo dcliter prp~nj>Ily any of sa~d pohcies ol msura~xe to faid MORiGAGEE. or 1a~1 prom~,ily to ~~ay lu~!y any ~,~r ,,~,~,n thcn•}w or in a•+y
retpecl ~ail 10 pMlOrm. Jrocltarye. Cketule. eReCl, tomplete. tomply wilh and abit~e by thii covenanl. or any ~~o~l h~~r~•of, sa~d M~ ~Rli•AGEi may piat~ a~~A
pay ia wch insurance or a~.y pan inereof w~ii~wt wai:~:~y~ a a!~r:t;r.~ any n~~•tr+, I~.n or2u~ty, or r~uht u~~de~ o~ b/ vnlue uf ih,t hlo~tyayo, and t1~c
full a~1~J~nt of each a~~d every such pay~nem shatl l.e ~~nmediately due and pay~ble and sh,~I bear inter.st tron, ~ho Jafe thc~~ol un~~l ~>„~d a~ tl~e rate o~
n~~ne ~x~ Cent~rn per ~nri~:n .~nd lo~ellior wilh suth ~ntr~cal Shal~ fw srcured hy the 6en O~ fhis mortyage.
To permit, comrnit w svffc~ no wastc, i+nVai~ment or dcteriorohon O! ~a~d pro~xrty or any j,a~l Ihcr~of.
5. To pay ali a~ef singvlar llw costs, charget arrd ti{>e~~ses, inilud~ng a reatonaLle aUOmey's (~c and c„s~s of a! st•acts ol ~It~e, n~cu~~eJ or ~,a~~l a~
..ny time by taid MORII'•AG:E. bec.+use cx ~n ~he eve~~t ol the faJuro on the uart o1 ~he sa~d b10RffnGl~R w duiy. ~„~,„~~!ly a~~d fu',iy ~,,•~inrn~, d~s.i~~~gv
.^acc~te. e11K1, completE, tem~ly w~th and al>~J~ by er<h dncl every Ihe stipvlafions. +g~er~ne~;ts. Cond,NOns. rnd c~,ve:~.u+h ~~1 s~~~d {•~u.~~„~.x~ry nnl~ j•~d ~I.~t
morfg~~o anr or l~Iher, and sa J costs, charye~ a~~d expenses, each anJ every. shall be i~nn,i•d~aMly dve ar~d F,a~aL~e: v.b• ~Lri or no~ ~h,•,e l,e n~~~,e~ .1.•
:*~.v~d, ancn,p~ to coliec~ or ~u1t pe~~d~~~g; and the I~I! amount ol each and e~e~y s~d~ paym.~m sha(I bea~ u~+~rrPv ho~., ~he J•~re tt~e~.•u! ~~»,1 pa~d et ~br '
,.•rr of ~i~~ie {~er crntum ~.rr en~w n: a~id al! ta~J cosri. cha:yc; and c.~~.•nscf uK~~red or pa~d. Ioycthcr wAh svch u~IC~est. 3haU be sec~~rd by thc I~un of Ih,~
~nprtgage.
6. That (a) in the event o~ any hreach of th~s Mortgage o~ delauil on tF,* pa~t o( U~~ MCRIG~IGOR, or ;h) ~n thn ev~~nt rny o} s.~ d x.+~n~ oI rnoncy
F,.•rpirl re~er~etl 10 LT+! n0t ~.rOm~,tfy d~t(~ ~U1~`/ pJK~ ~t~th~n llt;rf~ l3V) JdyS ~~P~1 Jftn~ t~~e l.~~ne Sevcld'~ly LCIO~~~P (~~,iP anc~ {~dya~i~e..w~tl~~iut t~e~nJnt) Oe tlpti(p,
~ r~c? in fhr event each and every Ihe shpu:af~ons, a~reeme~iri, cuneJ,he~~s and covenants of sa.J ~~ro~m~iory ~~ote anJ th~s rn.±~tyaye any or e~ther are not
1~dy. pro~nptfy and tul~y performed. dscha~yed, eRCCV~ed, effetted, completed, co:nFl;ed wirh and af•~d~~d `rr, then ~n e~th~r or any such evtnt Ihe sa~J ag
~,Y~'J~re su~, menhpn~~{ in said y>~om~ssory note thr~i remaming vnNa~d. w~th mtereat acc~ucd, and all n,onevs sewrcd hi•rel~Y, sha;l bcwn~e d~e and par.
ab r fer~h.v~th, or thereafecr, at the opho~ of sa~d MpRiGAGEE, as 1o11y ai~ cwnyletely as i1 elf cf thi• sa,d aiims o~ ~~~oney were ong~na~ly s~~{~u~atcd
t,, bp pn.d on wch day, ar~ythiny m sa.c! prormsseay note ar in thi3 Morlgago to the conlr~ry nU1~~~1F~11J~~d~.~y; ~~nd lhvre~{~on or thcr~•.~11.,r al Ihe o~~~t,on of
s~ d MORiGAG:E, m~thout not~ce or demand, su~t a~ law or in eq~~ty, thrrcfore or Ihc~cal~er begun, may l~c ~~rusewtcd at ~f ell moncys sewr~c! herebV
n,d mawrcd pnor to ~~s mstifuhon.
7. Thar ~n ~hc event ~hat st ine beginnfng o! or af any fm,e pend~ng any su~t upon this Mortgage, o. to foredose or to r~forn, i~, ot to enlorce
~~ayment of any d.,~n;s hi~e~nder, said MURTGAGEE shall apply to the Cour~ hawng ~urnd:chon ~hc~eul fo~ the ap~n~nnnont of a Rec.-~ver, s~,ih Cu~r~ shaH
fur~hwith appo~nt a rece~ver of sa~d mortgayrd prooe~ty alt and s~ngutar, incivd~ng ail and s~ngular t1~e in~o,ne, prohts. ~ssucs ~~~d rrve~~t,cs 1~o~n v~,h.~tevcr
feu.ce den~ea, each a~J ev~~ry of wh~ch, 1~ be~ng exp~essly ~ndentood, ~S hereby mortg,~gi•d as 11 spec~lecally se~ lo.th a~~d d_~sculw~d ~n the yran!u~g and
h,bendum dauses hemol. and such Recriver shalf have a? ~he b.oad and e~fecnve (untt.ons and powera ~n anyw~se enhusted by a C.~ivt to a Recr~.er. a:~d
i~ch appoinrme~~~ shali be ~rrde by such Court af an ad~nittrd equity and a matrer of aLsolute r~yht to said A5~)RiG~1GEE. a~~d v~~rh;ut reti•r~nce to Ihe
adeyuaty w inadequacy ol the value o1 the p~ooe~ty mor~gaged Or to ~he so~~ency or ,nsoivcncy o1 sa~d N40R(GAGOR or thN def.~~~J~~n~s, a~~J ~h,~t tuch
~~r•~~s. prol~ts, incane, nsues end revenues ahall be app{~ed by svch Recrwe~ acco~d~ng fo rhe Len or equ~fy ol sa~d MuRiGiIGEE .,nJ Ihe p~aeh:e of wch
Court.
8. To du"y, promptly and (ully per(o~m, dlscharye, execu~e, eflect, tort+plefe, con~ply wilh •nd abide by each and every Ihe stii~~tahons, agree~nenb.
:o~~d;~ion~ an~f cavenants ~n sa~d prwnhsory note and th~s mr.rtgage set twth.
9. That in the ev~nt thc ownership ol the mortgaged premises, or ariy part theren~, bMOmH veft~~ ~~ispn o~her than the MORiGAGOR, the
~!^RTGAi,EE, ita wccessors and ass~gns. may, wlthout ~o~~ce to the AtipRi(',AOR, deal w~th wch successo? w successor in ~~~~era•et ~v~~h releren~~ to th,~
.^•+gaye and thr d^bt hcrrby secured in ihe samt manne+ as with A{v~tgagor w~thovt in a~y wry vi~iny w d~sd~arying tl~e I'har~y.~gors' t~ab~~ity hcre-
~~~drr p~ uF~on the d:bt hcrAby secured. No sale of fhe Frrc~.•~s~s hcrcby n,o~ryaqed and no lorbea~ence on Ox ~~an of tMe /,1pRi1,AGtl or ~ts succesw~s
o~ ass~g~s and no csrcns~on ot thc hrr.e tor the payment ol ~he debr h~~cby sec~red g~ven by ~he MORiGAGtE o~ its wccessurs o~ a~s~yn~, ~~,ail opcrare
~o re!ease, d~xharge, n:od~fy ~hange or a1}ect the o~~gmat tiab~l~ry o~ rhe MOR1GAGaR here~n, e+the~ ~n whole ar in parl.
T0. !t is sp.~oficaRy agreed tha~ tirnp i~ o( th~ esse~~ce of ~h~s contract anc~ ~hat no waive~ oi any obt;yanon here~nde~ or o( the obtigat~on se-
c~red hereby shal~ at any t~nu thereafter be held to be • wa~ver of thp terms hercof p o1 the instrumem srwred I~rby.
11. In aeid.t:o~ to fhe forego-nq monlhty ~~ay~~~^nts of p~inc pal and mtrres~ reryuired by the prom~ysery no'e sccured hereb~, mo:tyag:x covenants
e~,d agrtes ~o pay to mortgagee wnh each n,o~~rh y payr,,ent ~n adJ,r~onal tvm rs~ ,•~ated hy morty,~gee ro?~ ecjval to I 12 0l Ih~• ann~al cost of tho io~low-
ny
A- A!~ real propcny !axrs IevmA o~ assrss~•d agai•:s~ the above descri!,ed «al esiare.
B Pr.•~T: ~~ns on fi~e and w~ndstor,n msufarce as herem requ;red to be carnrd on ~he Im~:roveme~rs s~tuate on the above d~sv~bed premises.
~-~Pre~n~ums on svch n:ortgage g~aranty msura~.ce as morrgagee lhal! frar* t:me r~ h,ve deem fit to carry pn the loan iec~red hereby.
Mo~fya~re sti.i'1 t=o~n t~.nc +o tune ne+~fy mcrty.~gor m~nrit~ng of the amovnt due and payable hereundc~ and s~ch svn sh•~it thrrevpon be due end
:.+.a61e on thv e!~e ~ia+e of ~he ne.t rnomh:y p~yn,,•„t and eacfi waesaive mo•~th thereaf~or ~~;til mortgagee shall noh(y mo~}g.~gor of a change m soch
~.~~unt. Such wrns s~~,a ~~~e apF+:~rd by mortyag~•c toward the payn:ent of real property taxrs, insurance prem.ums, and, rno~lyage guaranty ~nsuronte
i•~cmiums. •
IN Y~ITNE~` Y.'NEREC?F rhe sa~d b110RTGAGOR has hcre~~T et ~s,ha And sea~ the.d and year fi~s1 aforesaid.
, Sealed i er ~he p~esence o~: ~ILE`~ At~~ RECORD ~ ~J~''
1~ ST. L.UCIE COUNTY. ~LA. '
~ _ ~ _ RECORD VERlFIF'D -
~ ~ ~r t c' i ~i t ~ _ ' ~ ~ _ ~ - ---cs.a~)
.
'70 SEP Y i ~ ~ : ~ - - _ _ ---«.~a
' S~ATf Of FLORIOA _ ~ ~~~Q ~ [1u
~7 ll
; cJUNTY OF _ SL. l.uci~ ROGEit POITRAS
i 8elwe me penonaUy appeared
_ and
~ - ~AU~s@ I"• ~'~s h~s wile, ro me weU known and known Io me to be
; tfie individuals descr~bed in and who eaecuted the forefloinp inslrum~M, ~nd acknowledged before me that they executed the wme fw the purposes
! the~e~n expressed. And the said__.______ ~u~i! T.• C01i~i
- -
.v~~e of the •a~a _ Claude H• CO>bs s, raf~ •nd iwt~
~~W W
c.aminat~on by me taken scparate and apart irom her said husband, ~cknovvtedgecl to and befo~e me tAat ahe e~cetvted~Ni~1'iqs+rudM~~ ~nd votun-
rar~;y and w~thovt any comy:uls~on, _ocstraint, apprehens~on, or fe~r of o? (rom her said hvsb~nd. '
. ~ '
WITNESS my hand a~d off~oai xal this_ ___L~~~tz` day of_ Septe~bQZ ~:,q;l~j, ~q 7O
- _ n ~ ' ' .
Notary P~btic in and fpt tM~ t~.of Flori~~.:~t;lalye ~
s My Comm~ss~on eapi~sf:
Ret~~n ro: - ~ ~p~,~~~a S 9~1
` First Federat Savings loan A~soc~a~~on ' - _
Of Fort P rc<• ~•.~~~!;!d~~i~?t Car~Y. Co.
Fott Viircc. Fipnc/a ~f }`J,7
E ,.,.'~5,~1
9
' This Instrument Prepared By Jates D. Ch.'ist8~r1
E First Federal Savings $ loan Association
> of Fort Pierce~ Flotida
y Checked By
F BDOK ~8~ P1~CE
F
t ;
,
,
f~ N~x _ r'~~~