HomeMy WebLinkAbout2930 3. To p!ace a~,d conn~iuoi•sly ?eep on ii~e bw'.~~~.qti now or i,rrcairar a~t„~re on sa d!and a~,d en .i" •,~•m and ~•.,,+n,~.~!w co:."~ d bv ~h~s mo~rg-
ege. w,lh aU p~em:wnt !he~ton pa d.n tu;l, f~ic i~n~r~nce ~n thr u~uai ito ~:ierd po ~c~ iorm. ~n a s~~~~ a~ +,~o.r~! h~ Ihr A'~.;~:,:,:~.:: L. a~.d ~•~~~daturm
,ns~ra~ce in the uiual s~aiid.+~d Co'.iy torm, ~n a sum e+.p~o.rd l~r ihe AtOR1G~GEE. in s~ch comF~o~~ti M to•~~~'.an.rs ai Ih.~ ,•.1~1R1liAGEE may
dnKl; •nd al) {ne a~id w.ndfWrm i~iiv'a~ue pol~c~rf on dny oi za,d bu+id.nys. any intcr~st tV~~rc~n or ~:a•t Ihe~c~1, ~n the .~gtlr.~3ete ~i~m aloreseid or
in extcai Ihercof, ahall :or.tam the us~~~ s~~~~cfa~d mortg.i~ce t!~~se or suCh othe~ C!.+use as 1hr A1or~yay~•e n~~Y fryu.re, rnn?~ng t:.c ~oss undo~ s.+~d poli-
c~rs, each and every. pay.,b'e to sa~d `dOR1vAvEE as M int~~rst ~nay aNpca~, a~~d cach .+~,d evciy s~ch p.,: : y ~I~e;l br ~~:o:~ ~,+';y ass y~~~ ~i ;rd i~,t~.c~ed to
any hcld by sa~d h10RlGAGtE es fw~h~•r sc:unty to sa~d ~,.o:tye;~e d_~bt. and. not less than trn U01 d+ys ad..u,ce ci ihr l'A~~1•d1~011 oi ce.l~ po;~cy. lo dr-
6ver ~O Said MORTG~~GtE a rer.o~~~l iherrol, to~ether M~ih e rece~pt tor Ihe prermum 01 s~th renr,ti.~; and 1he~e sh.~:l be ~o Lr~• ~r .r~~~.ls!c~~n inswa~ur
p!aced on arty ol sa~d bui!d~•~ys. a~ry intrrca~ thrie~n or pan the~eoi. v^'rs~ in the lonn a~~d wnh the ~oss ;>jyab~e as JTOrCS.'~K~; dn(~ i,i the c.enl any s~m
of money becomes payabl~ vnder such policy o~ pol.cirs se~d 6'.ORTGAGEE sfi..ll have th~ o~.t.on to rec~~~v.• .,~,~1 apy',~ tl„~ s.~•~~e on AC.JJ.II ol ~he u~d.~trt.d-
ness aecured hrrrby er ro pcr•nn se~d MI~RiGAGORS to rec~~.e and ~~e il or any ~t tls-•:roi to, e:r,. r~., r. .;~••s. t rh 1.. p..~~-
~ng any tqwty, I~tn er riy+,t u~}dcr or by ~~r~ur of this mo~tga~c; a~d in the evcnt sa d MORIGAGORS sh.~'I 'or any rcason i++l to A~~e~. ~he sa~d p~r~»~srs so
:niured. Or fail 10 dt{~~et prJ~.•ptly any 01 S~ic~ pOi~Ciea Jf ~nw~anCe t0 Sa~d n~ORtGnC[f. o~ to~l p:o:;~pt:y 10 F•ay fu:1y any i~'~^~:.,~n thcrcl0r Oi in any
resp~_t leil to pe~fam, d:xl.arye, exec~tr. effrcl. canplrh•. co~,~pty wi~A and ab~de by th~s covena^.~. or an~~ p.~r~ hrre.•f, sn~d M1~~R1GqGt: may ~~~ace a a
p~y fo~ such insur.+nce or any paH thereof WA~1JU~ waivi~ig or efiecting any opt:on, lien, equ~ty, or ngM i+ndc~ o~ by v~~tue o! th~s Mortg.+ge, and ~he
fuYl dntJUN OI ldCh ani~ e~tcy fuCh pdyment 3hail bC immed~etaly tlu! ancl pey.lb:e dnd Sh,~:l htar intcri~St Irom ~hC dafe ~hr~co~ un~il pa~d al ~he ~~te 01
~.~ne Mr cratum p~r a::nu••~ a~~d to~:•th.~r ~ni!h such uiterrs' ;h.a~~ t>r se:~rrd by the lien of ~h~s mortgege.
To ptr~mit, commit or suffer no wasTr, i:npenmrn~ or def.~~orai~on of a.+~d property q dny part thrreof.
5. To pay ell and sfn9u!ar tht coits, charges and e~pe~ues. ~nciudmg a rr~sonable at~omey's (er and costs of ahstr.,c~s a4 tifie, i+~<unrd or pa~d at
,~ny ti~ne by sa~d A1l~R1GAG;E, beca~se er in the event ef thr fa:ture on the pa~~ ui ihe sa~d h10RiGAGUR to duiy. {ua,~~,rty a~~J IuJy p~•~lorm, d~scha~ge
~~ec~~e, etfecf, ca»plrre, conply v~.th ar~d abde by ruh and e.ery ~he st~pu'a:~ons. agrre:nenis, co:~dit~o~~f, and co~e~,.~~,+s of s..~d `~o~~~~iory no~e and ~h~s
;,ortyege any o~ e~ther, and se d coirs, <ha~yes a~~d erFenses, rach anJ eve~y, sha~l be immediatrly due and pay.+b:r: whc+hrr o~ not th~~:e be nonce d,-
:•,and. atrr:~pr to collect or w~t pe~~d~•y; and tnr (utl amo~nt of rach and e~er~ svch pa~mem shali brar in~rre~st !ro~n ~he date ihc~~~ot until pa~d at the
~,,nr ~.~ar centu:n ~ er ann.. sn~: ot~ said covs: ciiarycs a»d . x:~~~nsea uxurred or Nai~. toyether ~~~th s~ch u:tc~rs~, sheil be s~•c~~ed 6y ths lien o1 th4
mor tg 3ge.
6. That ~a1 in the evem of bny b+rach of th~s Alortgage ot ~e'e~lt on t!,e prt of the ti'.ORiG~>GOR. or ,b? in t!~c cvrnt any of sa d su~~s of mo~ey
hrre~n rc<<~•~~•d to Gc not pro.~~~.t;y ~ni t~~ly pa~d .~~~hin th~rty t3J: dsrs ne~t a~r.•r thc same ae.~cre'ty beco.^r due and pay,,bte, w~~ho~~ de~nand or not~ce,
: r;cT in thr e~rm each and eYe~r the st~pu ations, agreements, cond~~~o~~: and cu.enanfs of sa d p~o~»:sw~y r.o~~ a~~.l +h s n,o~~g.~ge ~~~y or e~~hcr are not
jul~~, prOn•rt~y .ind full~Y perfoc~n~d, d a:!~arg~-d. exewted, efte:ted: co~nplered, compl~ed .v:!h and d6~dcd `~y, then ~n e~ther or any s~ih eve~~1 thc` sa~d ag~
arcya•e su~t ~n~..~•ioned in >aid {~ro:+~~iso~y ~~:~te then rcmaining vnpa~d. wrth :nterr;l acu~ed. and o.i mon~VS saturcd hrrrF,y. Shall bcto~nc due and paV-
ab,e torthN~th cr ihereahcr, at fhe cpt~.n of sa~d A10R1iAG~E, as fu~ly a:,d co~t.p~ere!y as all of ~I~r s.,~d su~os of nwney ~ere or~g~na.ly shpulatcd
to be p+d on s~:h d~y, artyth~ng m s.~ d,~rem~ssory note or in th~s A1o~tgagr to thc co~~T~a~y nonv~thstand~ ~g; and th~~r:,pon er th.c~.~nl~c. a~ the op~~on cf
s_+:d MORT~s>GEE. .,.tho~,t nor„e or den~a~ d, s~~t at law w~n eq~~ty, therefore w the~ral~er beg~n, may be prosrcuted as if all mw~e~s secv~ed hrreb~
n~d matured pr~or to ns ::ut~!ut~on.
7. That in the e~ent that at the beg~nn:ng o! or at any time pending any suit ~con this Mortgage, or to ~o~edose it, or fo rrform it, or to enforce
~.Yment o! any c!a~•~•s hreundar, sa~d ~'ItiJRTGAGEE shall a~~p!y to the Co~r~ nav~ng ~u~~sd.ct,on ;h~~oo1 fer thr appo.ntn,rm of d RCCC~JI`f, SJl~1 CUV~~ shail
~o thwith apMnt a reir~-er el soid m.~~t~agcd prouerty all aet~ s~n~ular, incl~d,ng al~ and s~nyu~ar the mto~;r, p•.~f~ts, iss~es acd ~rvr~~ues f~o~n tih~leve~
s: _*ce d~•rived. each a^d e~ery of .~h.ch. ~r be~ng exprrss!y undersTOOd. n her.~by mortgeqed as ~f spec.l~ca~:y set ferth and d~su~bed m it~e gra~~~u,g ar.d
end~~^i c~a~ses herruf, and such Rece~.er sh~ll have alt the br~ad a~,d e~fect:ve ~~nct:ons ond po~.rrs in anyw~sc entr~srvd by a Co.;~t to e Rccrive~, a~~d
s,.h appo~ntm.ent shalt tx n:ade by svch Co~ar as an ad•~hre~ equity and a rt,atter of aF~so:.:te r~gM to sa~d MJRTGAGEE, and e.~:ho~f ~eference to the
ed~•.~,•acy e~ ~~ad~~G.~acy of thr va!ue of the properry mortgaged or ~o ihe so.v~ncy or ~nsoivenzy of sa:d MORiGAGUR or fhe d<f~.,d.~r~fs, a~,d ~hat such
rr•,•s, proi~ts. ~~uc•-nc, iswes and revenues shail be appGed by such Rece~ver acccrd~ng Io ~he lien or equ~ty o) sa~d MJRTGaGEE and thc prau~ce of wch
lourL
To d~~'v, From,+!y and ful~y perform, d~:charge, execute, elfect, co~nptrte, comply w~fh and abide by each and every the st~pu~at~ons, agreements,
condrtlons and covenan+s ~n ss~d promissory not2 and th:s m.rtgage srt lorth.
9. That in tF.e eve~t the ov~nersnip of the mortgaged prem~ses, or arry part tncreof, becomes vested in a penon other than the MORTGAGOR, the
!1'CRTGAGE[, ~ts svccrssors ar.d ais~gns, mey, wi~ho~+ ner~ce ro the .\1pRTGAOR. dea; w+th svch s~ccessor or succrswr ~n mrerest w~th reference to this
~-tgaye and thr dcbt herenv secured in the iame manner as w~~h !'.:ortgagor w~rhout in ar,y way vitlating or d.sc?.a~ql~,q the fdortg~gors' hab~Iity hcre-
v~d~~r or upon rhe dcbt he•ei:y seccred. No sa!e of the E~e~=.~sas h,rrb~ ~~o~ryaged ard nc fo:bearance on the ~~a.t ef ~he 1~1pR1(,AGLE or its successors
e~ ass ~ns and ^o r~TC~•s.u~ fhe r,me for the payment of the debt h:~~cby securrd g~ven by the h10RTGAGE`_ er ~ts wccessors o+ ass gns. al~a~l operate
ro re'ease, d~scharge, n-od~:y cha•~ge or affett 1he ong~nal liao,i.ty of tne MORIC~AGOR here~n, either in v~hole or in pa~t.
10. It is spccf~:.~I',v : g<<ed that t~~»e ~s of the essence of th~x contract and that no waive~ oi any oF',gat~on herevnder or of the obligation se-
c:;red hereby sha1. ai an~ t~•-~e thereatrer be he:d to bc a v•a~ver o' ~he terms hereof or of ~hc ins~r~ment set~red hc'by.
li. I.•, ;:i:i !o the fore3o~n_i month.~ f.a~..rents of princ pet and interest req~~:ed by th~ pro:r•-s>ory ~~c~c s•.:~~~ed hc~.rby. morty;3or covenams
i•~d ag~~es t, ;;a~ ._~yee w~th each m~n~n y,...~~ .ent an ad:i ~wnal sum ~~sr ~ ared b~ mu~tyeger to t~e equa~ to i 12 oi t::e ~n;~vat cast of the foliow-
A-:. ,~cpe~ ; ta>as te:~_~ o~ ass~ss,:i ag~~~s! thc a6o.•e desc•~b~d r,al estate.
~ 6 s en f.._~ a~.d .•~;•dsto-m msu~a~ce as herc:n req~.rcd to be ca-r~rd cn the .~-+;.rovements s.ivate on it,~~ abovc d_sv~Led premises.
C-F•~ ~ s o~ such mo-t~+qe guar3nty ~rsv~a~ ce as mortgagee shail fron- t me to t,rnc deem f~t to cany on rhe ~ean scw~ed he.eby.
' A'.r•as~cc s^. e to t~-ne not~f, rtx.tyager ~n w•r;t.~g of the a~~ou~t d~e and payable he~e~ndr. a~~d s~ch su~» shii; th~~r~~~pon be due and
~ ..aLie on •h~ ca•~ oj •r~_ ,ex! ~~~ontn:y payme"t and each successive monTh tne~ea{t,r urnil mc~tgagee shal; not~fy rnortg~3or of a change in such
4 ~ o.;r.~. Su:n s.;:°s s'* ~.e a::p ~eo by n.ortgjeee ra~ard the payment of real property taxes, insurance prem.ums, and mortyage gua~an~y ins~rance
c "-~~ns.
~ I'v ~:iT^~:~> '.'.H;~~O< <he sa~d MORiGAGOR has hereunto set his har.d and seal the day and year fint atoresad~
~ ~ S~gned, Sea'ed a:d de~~ve~ed in the p~esence of: FMlE0 AtiO RECQftaEO , ~
ST.llIC1E COLNTr FIA. ~ v r (Seaq
3 ROCER M~~1?s
(Seaq
g ' CtERK CIRCI~IT COW1t ' -
r RECORO YERIFIEO ~~~a~~
F
~ ~T ~O ' l~ ~ ~ l5eaq
~ S'ATE OF FIORIDA 1
S?. WCIE T u.
~ ;JJhYTY OF ~ 2C C3
~ ~
~ Before me personaily appeared P~111ip Peaacl and
Blanehe V• Pearl his wiie, to me well known and kno•.vn to me to be
`r~~ ~~r ind~~~d.,a:s dest~~bed in and who e:ecuted the foregoing instrument, and acknowledged before me that they executed the same for the purposes
~ rherein exp~essed. And the said glAI1C~1@ v~ Peazl _
~ ~~je of the sa~a -___-Philip Pearl , upon a sepa~ate and privste
e•am~na!~on by ..~e tak~n seaa•ate and apart from her sa~d husband, acknow~edged to and before me that she exec~ted said instru~nent freety and volun-
~ ra-„y and w,rho.,r any co~~pu`sion, constraint, apprehe~s~on, w fear of or from her said husband.
' WIiNESS my hand and offic:a! senl th~s_ ~C.L~, day of OCtOber - A. D_ 19~~
_ . (I~~,
- Notary Publ~c in and for the State of Florida et Large
My Comm~fsicx~ eapires:
v Ret~m Ta ~ . `~µ~ulUlqh
~ ~ NpTAiry PUBLIC, STATE Of fLOR!DA AT Wt6f
~ F~rst Frderal Sevin i S Loan Assoc~at;o~
9 ~'~IY COMMISS!'~N EXPIRES SEPT. 23. 1973
o: c~-.>. ' t . ~i~ gp~DED THRU EftED YY. DIES1ElHORSL
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G~ This Instrument Prepared By John {R , v= '
~ First Federal Savings 8 Loan Association ~/'•.<;r.. Q'
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~ o f Fort Pierce~ F lozi da c"`~ -
~ ``~''~~u:~m~,.~~
~ Checked By
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