HomeMy WebLinkAbout0977 3. To p:ece and coMinuou~lY keep on Ihe bu~'d~ngf nuw or hrroeflor f~?uete on said lend and on all rq~~ipmrnl end pcrfon~ily covc~ctl by thi~ mo:t9
efl0. WAh ~II p~cmiwnf ihc~ron ~w.il ~n ~uil, hrc insuiancr ~n ihr ufuei ~ta~Kla~t~ (wl~cy IOrm. in a fum .t~,NfUVCII hy fl~a• 61l?k:i,AL;Et, ar~d w~ntlstu~m
~nfu~snte in the uwal tt~nJa~d pol,ty for~n, in a~wn aE~~~~o~nd I~y Iha MORiGAG!!, i~ fuch r.om~~any ar cum~~.in~af m iho A1C)KIi,AGEF mey
dnect; •~xi all fue e~~d w~nJs+o~m insu~ance po~~c;rs on any uf ~~~J 1w~td,~,qi, any interw~ ~hr~e~n or pe~? ~h~•.r.~f, in ~he nUp~, y~te a.,~n atu~esaKl o~
In •xceu Ihereof, ahaU cor~ta~n the uiual aronderd ~i~o:tyagaa cleuse o~ tuch othe~ C~JU1C s~ Ihe Mo~tyaUea may ~cyu,~r, n~el,np mr lutis u~~J~•r s.,~J ~.oli•
t~ef, each •nd every, payab~r to se~d ~\1JRlGAiitt as uf mivrr~l may apprar. a~.d esch and e~cry wch p.,hcy fhall be p~wn~,tly us~ g,~od nr~l Jr~~.rrrd ~o
~ny hald 5y faic~ ~1ORIGAGEE as fu~~hM acc~nfy to ae~d tnort~e~N dcW. and. not IeN thdn fo~i (10) c~ays in edrente o~ tha• ra~~uoho~~ of raih ~x~LCy. lo dn-
Irver ~o ta~d MORIG~IC.EE a ra~e~nnl tl~e~rol. t.yNhar w~~A a rece~pt fa I~e pronawn ol wch irnr.aal; n~~d ~hrre a6a11 br ~~o I~ie ur ,h~~..l~i~,~~~, inti~~anca
pleted t~n a~y o) sa~d build~~~g~. a~~y intereil Ihere:n or p~~t thorrof. vnlr~s ~n ~he lonn end with the los~ ~]dyJl„e as +I.,~r~.nd; and in thr rYr.nl o~iy wm
ol nwnsy bccome~ peyabfc ~mdrr such ~wG~y or poi ues said A1URIGAGEE ihall heve ~be opr~on ~o ~vc~•~vc .a~d a~~~~ry ~;~r ~.v~~c on ~nu~ u ul ~hc ~~~dct,~~•d
~rsa secined heiaby d to permit se~d MURTGAGORS lo rocri~n end utie il p eny pa~~ 11~.•:rol ior un~. r ~:u~E ~ers, .,.n. , t ih _ r -
mg a~~y equ~ty. lien w ~iyht undcr a t~y virl~a o1 I~is ~no'!yage: anJ ~n tho avrro ~r~d hiORT(~AGUfiS s~a11 tor any rc.~to.~ (,~il to 1~•rp Ihc f.+:e! +,rr,~us,•s so
insvrecl. O~ 1ai1 fo delivM pia~+n~ifly ~ny ol u~d Fw6urs Of inaura~Ce to laid MORIGAGIE. ot f.ul ~>~uny,Ny lo ~~oy fu~ly a~~y ~n.~m~.~m Ih~vrt~~~ or ~n a+W
re+prct lait to pe~}o~m. d~acha~ye. rirc~~e. ei1r:~, ca~~plrt~, co~»ply with end sb~de Gy Ilw COVC~IJtII, Of any p.,~~ h~•~ru1. s..~~l Ml~f~1:,~iGtt n~ey ~,iac~• a u
pay ia a~ch ina~ionae of any part thrseof ~r=tl~:;uf ,xaiv„~g ca slfrcrtru3 any opl:on. ben. ryu~ty, or nqhf unJer or by vnt~e oi th~s 11~ortyayz. e~~d the
1.:11 anw~n~ uf each end e~ery ~~ch peyn.dnt shell tx ~n,n~rdietely duo and payable end shall bre~ intur„st f~w~~ th~ da~r tl~~n•ot u~~i? p.,~d a~ ~hn ~ota o~
n~~ie prr tontwn per ennum onc~ fo~eth.•~ with suih ~ntrrc~t sh~l~ i~e aa•cu~rd by tl~e i~en 01 IhH mwtga~e.
1. io per~nit. commit w fuf(ar ~~o woste. impnin,kn~ o~ d.•trnoronon of aaid properry w eny pnrl thrr,wf.
S. To ~Hy all a~d sing~l~r the costt. chergea e~id esprn~es, intlud~ng s reasonable ettomry's Irc and cosh ol ahs~~ncts of t~t!e. ~n.une.! or ~~,~d at
.~ny hn-~r by fa~d MURiVAG;E, bet~~se M in tht evenl of tha 1a,lure on ~ha pail 01 the sa~J MOR(GAGOR to duiy, p~o:n~~ily a~id 1u~ly ~ i•ilurm, d~~~h.~iyr
;~c•iuM. rtfeU. Cai~pltle. Coniply wi~h dncl •b.de by ea;h end ev~ry IhN ahputano~u. ayrr~n~r:~rs, co~~d~nom. and cuvrnenH uf smcl ~~~~u~~~i,wi~ n.~l,~ n~.,d tt.if
,:y. rya~z ony o~ e~~htr, and ae d costs, charc~es e~~d ewpenars. each and rvrry, shall t~r inunvd~etrly d~e end paynLl~; vchcther ur n,~t thv~e l~r n.~nce d•
i~~an;l. attr~npt lo co(iKl o~ s~it p~~~d~ny; and Iha full anwunl of e~ch end eve~y wch paymrM S~~d~I I~20r ~~~trrrst hom Ihe dete Ihr.rrof ~ntil pe~J af t6e
~.~~r .:i.ne pr~ •rnt~rn par annu.n; an;: ,rl! sa~d ca~~~s. charyrs and r.i~r~~acs nKUnrd Or pmJ, la~.:thec w~1h suih ~n)r~u~t. ahall bt srt.,~cd by Ihr i~ave ot th~1
~norty~agc.
p. That ~a1 in the evrnt of e~y breach of th~a Mortgage or defeu!t on rt~ part ol ~hr h10RiGAGOR, or ~b) m the evc~d miy o( sa d su~~~s ot monry
t~crein reirned to br ~~at pro.•~~~tly and t~Ny pa+d w~riun Morty ~3Qi d~y~ nral atr_•i 1he a~une xrvere'ly 6rco~nr. d~e and payeLle. w~thoui de~oenJ or nuhcr.
or ;t) in thr r~ent rech end evt~y the SGpulahons, ay~ermCnis, conddiona end Nva~~dntf of se d pronusai.~y noti anJ tl~ ~ n~.,rtc~aya eny o~ r~tl~~~~ are no1
l~;y, pron~pfi~ an,f t„~Vy p~rform.rd, dacharged, arecurrd. e~feurd. co~T~ptrted, con,pi~ed w~~h end et~~d~d `ay, tF~en in e~~her or a~iy ~~ch evenl ~he ae~d eg
ya!e s~m mrnhontd ~n sa~d promi:swy ~wtr then ~e+ndining unpa:d, w~~h u~trrCSl ataurd, and all mon~ys sccwrd he~eby, fhall bcw~ne d~e ln~ pa~-
eb:r forthw~th. or ~he~cvftrr, a~ the opnon oi se~d MqR1GAGEE, as I~IIy a~Ki comple~ely az il all oi ~l~~ a.~~d w~,~a uf n,uney wc~e u~~g~~~a~ly s~,~,~~ia~~d .
ru bo p, d on svch d.:y. .vrything ~n se,d pro~n~ssory .:ote or ~n .th~s Matgeye ~o ~he co~.~ra~y nw,wdhs~e~~d~~~y; and ~hrn•upori or th~•~~•..fi~•r a~ ~he o~n.on of
s.,~d A\ORTGAGEE, ~n~~ho~~t nortce or drmend, swt al lax or in equ~ty, thr~rfore or tfiereat~rr beyun, may be }±~usrwted as ~f ell nwncys sewrrt) hrrcby
n~d rnatu:ed Fu~w to ~fs ~ns~rt~t~en.
7. ihat in the event rhat at the beginnh~g ot or at eny time pcrrd;ng any wif ~pon tb;s Mortgage, or to loredoie it, or to rcfn~m it, er to enfurca
~~ayment of any cla~~ns har~undrr, said 1VIORTGAGEE shall epply lo the Covrl hev~ng ~~r~sd~U~on thr~rul (o~ the apNO~nM~rm of a Ra•e~~.er, su:h Cc.urt al~oil
ro~rh„~~~h spF~nn a rece~ver Of sat~ motlgagrd paour~ty e{I a~K~ si:~vlar, inti~ci,ny ail and s~ny~ier tt~e intume, prof~ts, nsues end ttvr~wef lw~n whnle.rr
~.~~,~cr de~~Yed. ra.h and every of wh:ch, be~ng expressly undrrstood, ~s hrrrby n+o~~gegrd as ~f sprc~ficelly art forth and drac~~brd in ~t~e g~a~~~~~~g a~~d
h;tYndum c'ausef her~~il, and such Recr~vrr shell hevr all ~hr b~wd and rffecr,ve luncr.u~~s end po.~ers m anywae enuuated by a Cu~~~ lo e Rcc.~~Y~r, a~d
s, ch ap~wmt,nent sh,~it pe mede by such Cour? as an admittrd rquity and a n,a~~er of ebso(ute nyh~ to sa~d MURIGAGEE, and wnhuut ~ela•r~•~~cr to t6e
ndequacy or inadry~acy of the valur of the properry mortgeged or to ~iu so~ven~y or ~nsui.cncy ot sa~d MORiGAGOR o~ ~he dofe:,denn, and ih,d wch
rr•~ra. prohts. income, us~es and ~even~es shau be epp{~ed by such Vece~vri accord~„g to the Gen w equity ot sa~ci MpRIGAGEE o~~d ihr ~>rnct~ce of s~ch
Court.
8. To duly, p~omprly and fully ~rform, d'ucherge. eaecu~e, effect, co.npirte, eomE>ly w~th and abide by each and eve~y the ir~pu~at~ons, agri~e~neNS,
.or.d~ti0~» and covene~~ts :n aa~d pro~msswy note and ~h~s n,o~rge~e sa~ forth.
9. ihat in the e~em the ownership of ~he mortg 3ed prr~»~srs, or an~ part thcreo(, becomes vesfed in e~erwn ofher than the MORIGAGOR, th~
~tORTGAGfE, ~ti. s~ctessora a~~d ass~yns, may, w~tho~1 notrr to the MORTGAOR, deal w~~h wch succrs~or a svccessor ~n mteies~ wnh ~rlrre~~ce to th~~
~'o~tgaye and thr dei~t hcr~Ny aecurrd m the same mannrr as v~nh hlortyogo~ w~thool in any wey vihaihng W d~scha~g~ng Ihe Morty,,yori liab~hfy here-
,•~drr cr upon rhe droc h~•r~•bv s-ci.red No sa.'e o! the ~•~e~n~srs hrrrbr ~no~rgaqrd and no fwbearonce on ~he parl o~ ~he IdOR1i,AGEt or ~ts s~u~~ssc=r~
o~ ass~9ns and ~~o ea!e~~s~o~ of the t~mz tur the E:aymem o1 the drbt hereby ~ecureJ grven by the MORTGAGE~ or its successon or ass.yns, s~~al{ oper~~e
ro re~rase, dacharge, a.od.f~ ~har.ge or affect Ihe o~:g~nat liai>,i.ty of ~he MORiGAC,AR liere~n, e~ther m whole or in part.
~0. It is s.~ec:~~iatly 3gr~ thef fime if of the easen~e of fhi~ cor~rratl arrd ~hat no waiver oi any obllyat~on hereunder or of Ihe obligation se-
ci~rrd hr~eby s'~e;: at any t~nu ~hrreafre~ be heid to br a~naiv~•r ot the te:ms hereof w of the instrumem secvred herb~.. -
11 in i~;~i TJ fi~C 1oleq.^ nq month'.y ~dy~r•,MS of p:~~K pol arH~ intereit required by 1he prom, Ssory i•o'i• 5•.~currc3 hr~:•h;, n,o~~yagor COVenant~
+~~J ay•,cs ti~ :..a~ to ~••.o-r~~~~e N~th cach ~:~o~uh~Y •ent an aif.i.nonal sur.i i,sr:n~~tcd by rno~ry3qee ?o !x cyual fo 1 12 0l f:i~~ ~m~~.~l ~ost of tbe follOw-
,.7
~ a': ~e~~ F:oprrty taa~-s !e•ned or assessed aq.~~ ,st thE ahove des:~ihed real esraTe.
6 f~r .:•s on f~re~ and w~nds?o~rn irs~~arce es h~•re~n r:q~,red to be ca:ri.~d en the ~~,yvovements s~tuafe on thi• aFwve d.scri6rd prem~ses.
C-Pre:-•~;,:~~s o~ s.;ch morr~ ~g2 guaranty ~r~wrar:e as mo~tgayee shaN frc~n t~r,re to t~.ne drem f» to carry on the loan sec~n~d he,oby.
1~1ung~gr~ s^.~'~ `.•,,~n r~,~~~ ro ~~++,e nnt~fq mp~tyagor ~n wnnrg of the a~~ou~tt dve and payable hereur.drr and such sum ahotf thrr~•u~,on be due end
:.i~ab!e on !hr ~1oe ,iare of the ~~aar ~,:onrh:y i~~y•.,~~~tt and each svctessive month the:eaft~•r w.t~l mortyagee shall not,fy mort,;agor of a chenge in w.h
• ount. $vch su~^s s~! ~ i~e ap~.:~cd by ntiortgay:rr roward the paymertt of IBd~ p~operty laaes, insutance prem.ums, a,:d n;ortyage yuaranty insurance
.••r~nwms.
IN \VIINt:; '.:N:R:~~F -ne sa~d h1JRTGAGOR has hereF'q ~Lhi~}y~dA~~~day a~d year fi~st aioresa~d.
S~gned, Seated and drlivered in the presence of: L 1
,r-~~~i~ ;T. LUC1E COUhTY. FLA~ ~
. i?!' ~""Fi~^ ~j - - (Sea!)
, ~aJ~Jllll3 --------------~Seal)
- - - ---`~"-...v lScal)
- *~U C~Q 2U W7 ~ s (Seal)
j ATE OF FLORlDA
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.
- - ST- 1.U~IE_
CJU~TY OF ' _ _ : n r~~1T~ - - - _
~1:;5- - .
Before me persweally appe~red _ ~ ~P~?+#Y0Ai~1RT
- and
, _ Ida HytadTl _ h~s wife, to me weH known and kROwn to me to be
'~a individuats dexr;~ in and who executed the foregoi~g instrument, and acknowledged before me that they e,cecuted the same tor the purpous
rhe•ein e.rpressed. And the sa~d_~ IC1d Hvman
,r, _ - - - -
«~f~ of the sa~d Sdi~llel HYman _ u~o„ a separote :~d private
e.am~rtahon by me ta:en sepa.ate and apart from her sa~d husband, acknowtedged to and be~ore me that she executed said insrrument Freely arsd volun-
!ar~;y and w~thout any compv~sbn, constraint, apprehens:on, or fear of or from her said husband.
WITNESS my hand and off~c~al seal th~s__ aZ~ -r~. _ day of_ SE'pLCIDbfL _ _ A. D. 19 70
- -t j-'--J . -
Notary Public in ~nd for t~ie State of Florida at larfle
My Comm~uicr+ eapirei:
Ret~rn To: MQTARf rUBLIC, STATE OF iIORlW1 AT (ARCE
F~rir Federal Sa.;~gs 3 toan Assoc~at,o~ ~K C~MMISSION EXPIRES SEPT. 23 1973
p+ c~.r PE-ce `,t~~~~~?tt:~~~~~~`, ~OIMDED f1U~T F '
~ Y1~ OIESTELHORSi
Fort F,rr:e F!or:'~r ~
t~'~~~~~.~~~ v''i _
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~ ~ ~ `t ~'y~,' ~
' Q ~ ~ . =-J 'r
This Instrument Prepared By John Co1332t~' f--s , s r~~.~ _Q_ -
~
First Federai Savings b Loan Association ~Y ;
of Fort Pierce , F loz ida • ~;-~.s,%~~.: . ~ : :
`
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Checked By , - •
" . '"~~:~u~•.a"
~ooK187 ~~E ~~977' ~
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4i~'-k` 3`•:l' .S " - '
~~~av \.,~i~r . ~ F'° ~-X ~bh