HomeMy WebLinkAbout2924 3. To p:ace and continuo~siy keep on the bu~'d~ngs now or herra4ter s~~wte on s~:d !and r:d on a:' ~ q ~~ent a•~d pe~s~~~",• ce.~~• d bY ~h~s murtg-
ege, w:th all pr<mwns thrie~n pad ;r. iull, fire insura~~ce ~n ~he vs.,al sr.+c~erd po';c~ io~m, in a sun: a~prcvc•d 6~ tV~, ,.,~k . .~^d N'i•Ii~SWl~il
:nsurante in rhe us..al sfandard po:•cy form, in a su~n eppro.ed b~ ~he A10RTGAGEE, ~n s~ch cor,~pan~ er C~'~~~?d•~ ~S as ine~ O~1i~AG~E ma~
d~rec+; and all fire ar.d w~ndstorm ins~ra~ce poGc~es on any of s~~d ~wi.d~~ga, any intervst rFeerein or F:a~t th~r~~of, in the ay~r• _~_.rr sv~n atoresa~d or
in excess Ihereo(, shali :unta~n ihe ~suai s~a~•dafd mort93gre c~~+~se or such o~her uo~se as thr Mortyayee may rryu,re, mak~ng ~t.~~ ,css ~:~drr s.~ d poii-
ues, each and every, payab!e to sa~d ~\tJRTGAGEE as ~~s int~-rrst ma~ appear, and each a~:d e~e~y s~~ch p~ ::r sl,,,;~ Lh ~ ro:~ ~:t!~ ass g~<<f d d<~;~.~~r~•d ~o
any held by sa~d AtORiGAGEE as fu•thar aecw~ty to sa~d n:orrg;ge d<ut, and, no~ !ess ~ha~ t.rn (101 d~ys ~n ad:a~ue or the eaE:~r,t~on ~f ..~.,ch ro:~ty, to c3a-
i~vr~ t3 zi~1 h10RTGAGFE a renewal thereof, togethe~ vv~th a reet~pt for Ihe prrrn~um o1 svch rene~~•: a~:d ~i~rre s~•.+.~ 6~~ no i re o+ .y• .:is,:,••n insuranie
piaced on any o1 sa~d b~~'d~^9s, any interest there~n or pa~t rh<rcof, un!rss in rhe fonn a•~d w~!h fhe loss payab!e as afcrei~ld; and ~n ~he e.e~~t any sum
of money becomes payable vnder s::ch pol~ty or pol~cics said N,ORIGAGE: sfi~H have thr oHt,on to rrt.~.~e ..~~d a;~~ :y t7~.~ sa ~~e on <~;.o.~ ~t of tn~~ i~~dact~~d-
ness aecwed hereby or to pern~n sa;d M10RTGAGORS to rec~vve and use n or any pa~~ ~h<:.:o1 t: ~ e:~ ~s• s,
ing any equ~ty, lien w r~ght undcr or by virtue of lhis n~o"gagr; and in the event sa d AtOKTGAGOR$ sha:l tJ1 3ny •cason fail ro A.~t•p ~~~c s~+~J prcin~s_S su
;nsvred, or fail to del~ver promptly any of said po~+t~es of insu~ante to sa.d MORTGAGEE, o~ 4s:: p~o~~q:t~y to F ay t,,.iy anj t~~~rr'or or ~n a•~y
resped fail ro perform, d~scf~a~ge, eaecute, effect, comp:ete, co-~ply w~rh and ab~de by th~s covena•~~. or any n,~e hare~f, s~:d ~:,~Ri:,.:G:E ~~~a;~ ;~•ece a o
pay for such inaurance or any part thereof wrthou~ waiving u affe:ting any oy~t~on, I~en, eq~ ~y, or n3ht unde~ o~ l~~ v,•we of ~6!s :!ongage, ar.d the
f,;tl amount of each and e~ery such payment shall be ~rt:med~ately due and payab~e a»d sho~l b.~ar interc~st from tha dotr thcr~•ot u~~nt ~;:.~d at the rate ol
n~ne per centum per annu+~ snd tc~ether w~rh such intz~csr sf~a,~ bt sec~rcd hY the I~en o1 th.s mortgage.
To permit, commit or wffer no waste, impairment or detrrioration ef sa~d p~operty or any pa~t th~~reof.
5. To pay all and s~nqular the costs, charges and experses, :nclvd~ng a rea;onab'e affomr~'s fe_ a•.d ccs+s cf .,!~str:,r.s of ttt'e, ~~:cu~•~d or p.; J ai
:3ny t~~~e by sa'rd M02ivAG`_F, because or in the event of the fawrr on ~i~e c~rt of the saia td'JRTGN:a~~R to d~:y. Fro a~d f,, ,y ;.•ri~~nr,, d.si~~.~rge
e.ec~te, elfea. cemF:e~e, ce r.ply w~th and ab de by each ard e~rry ~h~~ sY~p~•a! ons, agrr.~ments, co•~d~r~ons, and covc~.~~~+s o~ s-.~ d~•u ~.,~eo~r n~~te e~,d +ha
,,~rtgage any or e~ther, and sa d costs, charges and expenses, each and every. shait be in~:rrd~,3tc1y d~e and pa;.,b +nh•,r1,r. er not ~h~~~e i:a~ no•~ce c!r
n:and, at~empi to co:lect or suit prnd~ng; and the fu~! amount of each and every svch ~~a~n~em sha!I bea+ .nrcrest 'trom ~he date ih~~eo4 ~ntil pa~d a~ me
o~ ~~,::~e uer crntum E,c•r a~~:~..~~; ~~u: a~l sa:d eos+s, cna:grs and ~.ua~.s,s ~neu:rcd or pa~d, fa}r~her ~v,rh wch ~r.ie~est, sha~t Ge sec::r,d by tne ~.rn of ~i~,s
mortgage.
6. Tfia~ (al i~ ~he event oi any b~each of this L~ortgaqe or dc`au:r on thc p3rt of t!:e titO~TG ~G^R, or ;b) ~n the evr~zt any o( s.~ d s., r.s of n~oney
r_rein referred to be not pra~,,ptly a~d fu:ly paid w~~F.in rh,rty i3~J daYS ne..f a•r..• ~he s.:..•e se.e•a :y t<co ne d::e a,:d pay.,b!e. ~n-~t~:o,;! eic..~s ~d or nct~c~.
cr in the r+ent ?ach and e~ery tt:e st~pu:at~ons, agreements. co~dr:o~~:s and cover.anfs or sa d p:o•~:.sso•y neta a~~d tV~ s n,~.tg.,ye any or enl~r. aie not
j~iy, prompt!y and fu::y performed, d scharg=d, execurzd, effected. compieted, co~npced vi~th acd a~~~ded 5y, then in e.th..~: or an~ r~cF~ et~ent the sa.d aq-
~•ega!e wm ment~oned in >a~d pro:»~siory note ihen remaininy ~npa~d, with ~ntrre;t ac:iued, and a~~ mcneys sew~ed hercby, shalV bcw~~~e d~e and pa~-
eo e forthw~th, or therzafter, at the opt~on oi sa~d MORTGAGEE, as fu~ly and comp!ere~y as iS a~i of th,.~ se:d s~:ns of rt.oney ~nerz o~.g~na',:y sT.pu,at~d
.e be pa:d on such dc~, anythEn~ m sa.d p~om~ssory nofe er in this 1Aortgage to ihe conr~ary not.u:thst~:id~•~g; and thz•r~~u~;on or thcrr,>+~er ar ~he o;,non of
sa~d MORTGAGEE, w~thout not,ce or demand, suit at law or in equ~ty, therefore or thereairer beg~n, r.:ay be prosrcoted as if a:l n;oneys srcured hereb/
n_d mat.ued pr~or to ~u ~nst~tut~on.
7. That in the event that at ihe beginn:ng of o~ at any t~me pe~ding any sv:t upoo th~s Nort~a~e. oc to forcc!cse et, or to reform it, or to enl, rce
payment oi any tlaims he•eurder, said 1dORTVAGEE iha~I spG~Y to the Court havu~g ~u~~~d c'.~n t'f~::cot for the a{ ro:nt+nent of a Rcc ~:eL SJ:h CJV~t sha;i
fcrthwith appo~M a.ece~ve~ of ss~d mo~tgaged procerty ail and sing~:ar, intiud ng a~l and s~~~~u.ar tr,e inco,ne, F:'UI.}S, ISSUeS ard rece~:~es i~en wh,te.er
s~u~ce der:ved, each and eve~y of •.~hch, ~t being expressly unders~ood, ~s hereby mor~gacrd as if spe:.i~ca.`.~ set for+h and drscnt,~d in ~f~e granr~:~~ a~.d
habendum ra~ses herrof, and such Recewer shaii have all the b~oad and eifect~ve f~ncr o~~s ar.d po.,~rrs in anyv,.se rntrusted by a Co:,•t to a Rr:~v.er, a d
s, ch appo~n'rne:~t sh;tl be made by such Ccurt as an admitted equity and a matter ef absdvte r 9ht to sa~d AtJRTGAGEE, and a.'h.,,t reicrr:.ce to ti~e
a:'eq„~acy or inadequacy of the va:~e of ~he prcperty mort9aged or to the sonene~ or ~nsc .~~nty of sa~d h'ORiGAGOR or the a~~ie~.da~'s, .,~~d th.;t such
;~,•s, p+ofits, income, issves and rever.ues shail be app:~ed ~y such Rece~ver accord~ng to the lien or rquity of sa•d h1JRTGAGEE ar:d the pracnce of s~ch
Court.
8. To du!y, prumptly and fuify perform, d~scharge, eaecute, effec~, comptete, co:~.p~y w~th and ab~de by each and e~ery the st;pu:at~ons, agreements,
:ond~t~ons and cover.an+s ~n sa~d promissory note ar.d th~s mortgage set fo~th.
9. That in ~he event the ownership of the mortgaoed pre~.+nes, o. any part the+ecf, becomes vested in a pe~son o~her than the MORTGAGOR, the
h'CRTGFGE"t, its sutcessors and ass~gns, may, w~•h:_t notite to the A50RTGKOR, deai w~th scch successor or svtcessor in iete~est w~th re4erence to th~s
ongage and the debt hereby secured in the same manner as w~!h !:.o~tgago. without in anv ~vay vit.ating or dscharg~ng the lAcrtyagors' liauii:ty here
~~der or ~~.on the debt hereoi secured. No sa!e of ~he Fre-~~ses he.eby mortgaged aed no forbearance on the pon of the G~ORI;;AvEE o~ rts s..ccesscrs
c ass~g~~s and no exte~s:on o4 the tkme for the paymem oi the debT herc6y secured g~ven by the 11tORIGAGEE o~ its successon or ass gns, a~~alt o~er~te
~o ~e~ease, d~scharge, modify change or affect the orig,nal Ilai~.:ty of fhe MORTGAGOR herein, either in whole or in pa~t.
10. It is spec~ficaliy agreed rhat time is of the essence of th~s contract and thar no waiver oi any o6`:ga+•on hereunder or of the ob'igation se-
he.eby shal, aT an~ time thereafter be he:d to be a Na~.er oi the ~erms hercrof or of the instr~mem secured herby.
11. In ~;id ,•o rh.: forago ~g .nonth'Y poyments of pn~.c pal and int:~es' .e4u~red 'oy tF.e prorn sscry ne'c s_cured her_b~, mort~a~or covarants
ag•ees to pay to rro-tg 3gee v.~fh each mon+h!y payr~ent an adu r~onal su~n esr ^ ared bt rnortgagee to be eq~a~ ro 1 12 oi r:.~• :;:a; cost oi :hc fo~iow-
A-:+; •ea! property taxas lei~~:: cr assessco a^ya~•~sr the above desa~~~d r,al escate.
B F•r• rs or f,.~ and wi :dsro•rn msura~ce as ne~e~r req~r^d to be ca~ned c~ the ;.roveme~~s s.!~ate on th~ abo~e d_sc~~ed premises.
C-C~~ ~„~~s e~ such n,ortgc,ae guaran!y insura~ ce zs mo~igag~e sha;~ fro^~ r.re so t, deern fo to carry on the lonn sccurrd h~-reby.
~ Mor!gagee s^- ?•em r~-ne to t~me not~f; mcrtgagor m writmg of the a:r.ornl~due and payable hereunoar and such su~i shal~ thcrrupon bc• dve ar~d
~ ;~.ab~e on 'h~ c:,,e cere cT the ~~exr r*,o~th.; payn.eni and each wccess~ve rr:o•.th thcreafter uct~l mcrtg3gee sha:i not.f~ :nor!y.~yor o'. a change in wch
i ~unt. Such s,:~r.s s~ . ce aF, ~ed by ~nortgag-re *ov:ard fhe payment of real property taxes, ins~ra:ue p~e:n•~ms, a.~d n~orty3gr g~aramy ;nsurarce
.~.•e~ni'vms. .
i ~ IN 1'.'~TrJE~S 'l:HER~ r~,e sa~d MORTGAG02 has ~jWet~~tJjE~~~4nd seal the day and a firs~ afor~~~d. ~
?7lLv
} Sig . Se ed a delivered in the presence of: ST.ILt~t: ~,il3N?Y F~~ ~ !
~ K_,~ ~ ;
~ ia4i~iF . ~II~~S (Seal)
~ ~ s CIEAIC CIRCUIT C~T ~ ~ o
~ RECd~~ ~1f 1E0 t5~a~)
~ N'tt - 'c ~ ~ O a O ` (Seap
s = - • • ~ ~ ~ iV (Seat)
SiAiE OF F~~~~'~~, !
. --.r . ' " } u. ~Q 03~ 4
~our~7r O~ ' `,~~~':i~r_ ; ~ 1
~ Bese«i~e-..'• .:ed`,.'~•~~,. Mgelo A• SOldatO a~d
~ to
• • - his wi1e, to me well known and kno+vn to me to be
~ rhe ind;vid~a!l~.i~ ' ih: ~ yceG~Lf~ Ihe forego~ng ins~rvment, and acknowtedged befo:e me that they executed the same for tne purposes
i~ therein . r0 , . . .'~M~+~`'_„- May fi. SOlda?LO - -
~ = SO1~L0
~ ~ ~'f,= t.' @ 10 A• upon a separate and private
~ e of th~~~.t~s ~4~ -
c~am:nat+ori. ;-Mf ~ '2~~om her sa!d husband, acknowledged to and before me that she executed ~d insrrurnent Free~y ar,J volun-
~ ianiy ~nd .W~~ ~I~Y ~y Q#stjt~/ j+p? rt, or fear of or fiom her husband.
• • ~ ` . : . • ~ / ' ~ ~
W; ~.~~,~r.~i~f~~--- _ day of-- ~t0~1' - A. D. 19 70
F'\ ~ Sr,~~ .•.:r ~••d 1~~.;~/ : - ~ ~ 5------
_ f .,r.~.,:' • ,t' ~
1 R/'~ r'-.' Not y Pub'~ and (or the Stete of • ~Q
s ~
s" . ` ~~ir` " • • f . My Comm~ssion expires: ~ 'i
RltO~n . .
" First Federal Savinga 3 ~L
~."'~~at~on ' ~"~'l' ~+~11~0 i,t. ~ :
V . hpt _ rt~.SI~~' j1. S
'r~'~ ~ ~ _ ~V • ~ ~Z'~ 7 ?
~ pi Fort P erce ~ ; .
Fo•~ P~rrce. fio•~da t - ' 1 " • ~ .i 5r
e= . • • ~ ~ f
- ..:~1 ~+~1k~ ~ •1 ~
~iti~i""•r :1~5;~ i.
?i C V _ ~ti ~ . . ' ~ ry ' ~
~ ~ 3 ~-~~~o~~~, _
This Instrument Prepared By RiCh2?Zd K. FC~?yas 'vf.,'~
First Federal Sav~ngs 8 Loan Association
of Fort Pierce s F los ida °~d` O
.
'T ~ s ? `
~ Checked BY ';ti''!i„~,.~~ „
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daOX ~~CE~.~7l.rV
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