HomeMy WebLinkAbout1569 3. To plnce and coro~nuously keep on ~he bu~'du~gs now or hr~eaiter ~~tvate on sa~d 'and and on ar eq.,~i.~nrnt and personal~y co•.e~ed by this mong-
sqs, wi~h all p~rnu~~iq ihrrron pa~d in full, fve ins~rancr m ~hc us.;el etantla~cl po'iCy iotm, in ~ sum e~:N~u+cJ Ly Ih~• ht.:K~Cr.=~vCE, ~~~d wuidttonn
~niu~encr in the us~al s~anda,d ~wi:cy for~n, in a sum a~:p~o.rd by thr 61JRiGA(;EE, h~ such com},any or con,+~an~cs as the MO~lGAGEE ~nay
d~red; •nd all fire a~~d w~nd~to~m mw~ance po:~c~es W~ eny uf s•:~d bu~~:i~nys, eny i~de~vs~ ~her~in or pa~t ~h~rrol, in ~he oy9~~gate sv~~~ afwesa~d or
in eicess thcreol, ~hall crom~~n N~e ~a~j~ s~andard mor~geyee c~ause or suth other clause as the Mu~tya~ee may rr.~~~rv, mal.~ng t6c ~e~s unJrr s.i~d po~i-
c~es, each end every, payable ro sa~d A~JRIi;AGEE as ~ts inr~n~tt may appea~, a++d eocn Nnd e~ery s~<h p~~ :cy s~~atl br ~numF,~ty ass y~~vd .+~~d de:~~~•r~d to
~ny held by se~d MOR~GAGEE as lurth.•~ s:cwAy to Sa~d moitge~r d~Ul, a~~d, net Irss thdn tcn (10) da~S i:~ od.r~ce of thr e+?~hahun of each ~ul~cy, 10 de•
~~ve~ fo said MORTG~1GEi a renvw.+l thrreoF, to~e~her wi~h a rrcr~~>I for Ihr pre,n~~m of wch re~~vw.~1; e~d ~i+rre sha!I Le no I~ro o• .~•~:Jtitonn inswance
plscet~ on any ol sa~d 6~1!d~•~gs, ~ny intcresl ihercin o~ pa~l Ihcrcof, u~~!~ ~s ~n thc 1a~m and w~th fhe ~c~a ~~ayaWe as atoresaid; anc! in tiie avenl eny fum
of money becomes payab:e vnder s~ch peGCy o~ {wl,cies said MORiGAG~E ah.~ii have ~he oNt,on to rrc~•~.~• .~~~d .~p~ ".y 'he sa~:~r o~ ac~o:, ~t ol the md~•bted-
ness secu~ed herNby M?o perm~t said MORiGAGC~RS ro receive a~~d use :t o• ~y i"~t tle•:~vi lar o:n• ~ t t• a...i~:...t ih u: ,,r r~~p.,~r-
in~ •ny equity, I+en p nyht undcr w by ~irti~e o1 7hi~ mo:!gage; and in ihe cvrnt sa d h10~ifiAGOR$ sh,,il to+ any rrason tail To kccp the sa;d prem~srs so
inw~~d. Or }ail ~O dr1~~N promptly any Of seul pohciri OI ~nS~tanie lo i.~,d MOR1GAGtE, or fai: p~un:{~tly to {~ay fu.Iy any ~~~rc:~+~~~n thc~..•1w ot in anY
respret lail to perlorm, d~xha~ge, e~rcure. elfed, canplrr~, conply with a~~d ab~de by tlus coven,~:v, or any p.j~~ I~.reof, sa.d Mi.~RT,,AGEE enay piace a••d
pay fw svch infur.~nce o~ ai~y parl tharcof Nohout waiving or ai(rcting any op~.on, Gen, eqv~ty, or ~;~ht u•:drr or b~r v~rt.~e of ih~s INortg~yr. •nd thc
tull amovnt o( tacA and e~try such pay~~~ent shaL' Ue im~ncdiatc~y due and pa)ab~e a~~d a!+el! b~~ar u~trns~ f~o~:~ thu da+r the~cof ur.tJ p.,~d at the ~ate o1
~e per c~ntvm per annu:n rnd to~r~h.~r N~rh avch ~n'r~ist ah~~~ be ati,~~a•:! I.y the lirn oi th~s rnertyagt.
4. To permit, commil w svffer no was~e, impaimtient c~ drtrr:orat~un of sa~d property or any part thcrrof.
5. io pay all and sirg~tar the costa, charges and expenaes. inciud~ng a~~wsonablr attornry's Ira and ces~s of abs~~.~ct~ of ?i1:C, incun~tJ or pa~d at
~ny tin•e by aa~d h10RiGAGEE, i~eca~se or er the eveN ot the fa;Wre iii Il~e t:art of the s.~~d MOkIGAt:,I?R ro d~~y. p~o•~~ptty and f~~~ly ~:arlonn, d~acl~erge.
>.e:~te. effect. ca.npiete, canply w~~h and ab dr by each a„d every t?k st~~~uia~,u:~s. agn~.r:n,••ns. cond:nons. and cove~~anrs oi sa,d ~-ro~,~~.so~y ncte a~:d th~•
~:ortgage any or enhe~, and sa:d costs, cha~9es ar,d expensrs, each and eve~y, sheil be u~:~~~. d~.,to~y d~e and F•a,,,~L:e; whrthrr o+ not th,•,e be not,ce da
~n~~ed. atteinpf to eo:~Kl or suit pe~xl:ng; and ehr fu11 amo~nl of each ai~d evcry svih F.:~~m•m she11 b•.a~ :ne..rrst }ro~n ~r,c da+e ~he~.of until pa~d at Il~e
~~,~ir F~er contun: Fer ann~:n; .nL ail s~~d costs. charyea a•~d e;::ei,ses u~cuirrd or pa~d. to,7~-ti~~~r ~v.fh suth mtr~ast, i6a~1 be sec~rrd by ~he I~en ol th.s
mOIf9~9d.
6. That (a) in the event of any bresch o( thh Alertgage or detav~t o~ rh= part of f~~~~ V.VRTG~1Gt'8: or ,b) m rh~~ event any o( sa d wms of money
f•..•fCif1 flf~r~Caj tJ Je r.P~ pron:pt;y dn[~ ~u71y (~e~d ~1~ihin Ih.rty 1311) 1~~y5 nrat d'::•" ii~~ S.r~ • i~.C~.1~~:y E'~i•~.~~nr c~~,:c` d~K~ pJ~~~~C. W:f~+JJf de~~~a~,d Of f10hCC,
,-r ;t) in tha e~ent e:th and evrry the stipv:at~oris. agreemems. candr.io,~s and covenmzts ofesa:f F,o~~+:sw~v noc_ a~~J th.s mo~tqsyr any o. e~ther are not
i,,'Y, pra~~ptly and r~ertor~r.ed, d scl+a~grd e.etu~rd. elfeurd, co~nplet~•d, co•npi~ed w~!h a~,d nF•~d~ J tiy, tlH:n on e~ther or any au:h rvenl the sa~d ag
~rryaTe sum ment~oned in ;a~d promiuory ~zcte ti~~•n rema~nirr~ unpa~d, w~th ~ntrrr.t ac:~u~.d, and d•: mU~:ys iccured hereLy, sl~ali bccume due and pay-
no e for~hwitfi, e~ therra`.!rr, at ~he opnon of se,d t.1JRiGAGEE, as ti~t~y a~~ cc *~H:e~r!y as if aii of N,~• s..!d w~ns ol ~no~~ey were or.g~na~ly ft~pulafed
be pa•d On Svtli doy. an?th~^q u~ Sati p~o:nssory note or in this hlortg~g~• tu the contr~~+Y ~~oi•v~~hst,~~~c:.~~y, and thrrcu}>en o~ tlkriaf~~r d1 Ih! opl~on o~
d MORTGAGEE, ..rth.~f nohce o~ G~emand, Sud at !aw or in e.Zu~ty, therc+ore or th~•rrattcr bryun, may bc utoSetutzd as ~f d!I moriCy3 SeNred hereby
n. d n,a:~rrd pr~or ro ~ts ~ns~rtut~on.
7. Shn~ ~n ~he event rhat at ~he beyinn~ng of or a~ any time pend~ng any su~t vpon il~is M•ort~aqe. or to ~orec!ose it, or to relorm ie, or to en(orce
~~a~.mtn• Of dn` Ci~imS ht•e..~,oer. sa~d MORTGAGEE Shdii epply t0 thr Cour1 fidvm9 ~u~~sdcL~~r. tl~.~~:~~ot lor ~hC tF~~E,J~nhr~N of a Rece~ver. iuch Court Shdi: "
r,~•h~~~!h a~~~~~,~~~~1 a rFCr~~.er of said mortga9-d prOUerty a!1 a~~d singula+, inciuclr.y a~' ,~~~d s~.~~_~v~ar tne ~~~co~T,e, Exof~ts, i~s~es a~~d reverwes Irom whatever
s_ _•ce de~~~ed oath a^d every o1 ~~h ih, n~~ng exp~rss!y unde~s!u~, is Fe:~. uy n:ersryn_;cd as ~t s~ ec f;call~. set forth a~d dasu~Led m the grarst~~x~ and
~!~end~m c e.~ses hereu~, a~d such Rece~vrr shel+ heve ail the br,;ad and effec•:Yr t~:",• c s o~~d ~•o.•.c~a in anq.v~se ~•ntrusted by a Co~•t to a Receiver, a•~d
s.! a{ ~Nntmr.v sh~;i be m~de by svch Court as an ad•nitrcd rquity and a~~attrr of re 5.•:urr r.ghf to sa~d MORTGAGEE, ancf ~n~cl~~ut refer~~nce tc the }
yvacy or inac+~•q.,acy of the vaive of the proprrry mc~tgaged or to rhe so.vencY or ~rncy o1 sa~d MORIGAGUR or the dri~•~dants, a~~d ~her svch
•s. ~>roi~•e. ~;~ce:,:e, ~ssuet a+~d revenues shail be appi~ed by s~ch Rece~~er ac:orcl,~iy tv the lien or rq~~ty ol sa~d MORTGAGEE ai~d the prachce of s~th
l.JU7t.
~
8. To d:~'y. prC•nF,t:y and fuitv perfo•m, d,scha.ge, P%CCU~B, CffEf1. CC'r.~ir1P. CJ~^D~y w ih and ab~de by ea.h and every t6e etipulations, agrcemeNS.
~~:dit~ons ar.tl covenanes ~n sa~d pro:n~sso.y note and th~s ~»~rrqa~e set forth
9. That i~ the e., ~t the ownersh:p of the mor~gaged ~~re~.~~ses. or aoy pa.t thrrcoS, i:ecomes vested in a person other than the MORTGAGOR, the
`R7GAGEE, ~•s s.,cc~•ss~+s and ass;grs, may, w~~hout net:ce to the ~\!ORTGa; R, dea! ~v~rh wch successor oi s~ccessor in ~nteres~ y~~+h refe~ence to th~~
•~•rgage and rne d_o+ hr,c~y sewred in the sa~,e manner as w~fh 64c+tgagor vvnho~t ~n any w.~y vi~.eting oi d~scharq~n9 the rltor+gagors' I~ab~i~ty here-
_.i_~r or uF~on :he d,-a~ herBGy secv~ed- No sa e of U~e ~ r~~ ,,s•~s hereby ~.:crrgaged a~ d nc fo~beara•~ce on ~he part of ~he !AGRiC,AGEE o. ~rs successors
c• dss:g~s and ••o exrer~s=on o! the hn,e for +he payrnent ot t~•e drb+ ho~cby sec~red g~ven ty the P.tJRiGAG.~ o. its wccezsors ot asslgns, shal! operate
r~ rrease, d~scharge, mod,fy cha~ge er aftect the o•ig•na! t„o .:ry of ~he h!QRiGAGOR f~r~•~n, e~tf:er ~n whoie or in part.
10. It ~s sp.~c:f!cail~ ag~eed that t~me is of the esse~•:e of rh~s coneract a~~d that no wa~ver af any ob3~yar~on hereunder o~ of the obligation sr
;:~~ed hereby aha'~ aT ar.y ti~~e t!~creafter be h~'d to be a vaawrr of the terms hereof or of the inst~~rne~t secvred hcrby.
~ 1l. In •o fhe te•eqe .,.o^.t!rq ~,ay:r~: nts ef prc~c pa'. and ~~:t_~.~se req:,~~red by t!~e ~~.•e~••. sscry no'c• s, :v~ed he.ab~. ifiortg~~or tovenanK
_ a a~~res re caY ro^•o~ig~gee v~~th each n•en+h y i;a,• r•~t an ad:i.r.o^ai w~T~ <s• .,~ed Lr n,o•~~jge•~ to be equa: to 1 12 oS t::e o:~:wot cost of the 4oilow-
~
A-A'i rea: F•reFe~ry raY~s ~en;~ er aas<~ss,ci .~g+~~st !h•, above desu['t~d :,a~ es~,ate.
B-F~e.~.., :•s on fi•e and w:cdsto•rn msv~3~ ce as ner~:n rcq~;red to be ta~rir d e~ the tm:.r~veme~ts s:ruate on Th_ a~v~ dcsu~bed premfses.
C-Pr,~r,~~ , s o~ s.~.h n~.ort~:ge q~a•anty ~esura~ ce as me•TgageA :ha~t t~~.~-• t,ne ro d~em 1~t to carry on ~he loan s~cured hereby. ;
h'.ortgj~ee sh~': •.~n t~~•:e re t;r~e nohfy n crtcagor ~n wrr~nq of the a~:ou~t d~e and payab:e here~~~de~ and such su-n shail fhcre~pon be due and
~ .ab;e on thr cor .-•e c.f •F.. ;~r.! :rur.th 3 TT a~t h~:
. ~ p: y~.~e+ d eac!~ w:cess~.e ~~•o~~+h r ~ eafr~r ~r.t~t mcrtgagee shall not {y mon3agor of a change in such
' ~unt. $i,ch r~•~~s s' ~:e ap~ ~ed uy mortgay•.e tc.~ard the Fe~rnens of rca' pro;.erty taaes, inwranc? prem.~ms, a~d mortyage g~aranty ini~tance
~ e ~ums_
' IV ~ Iir~E~= .';HE~:^' ~nc sa~ h1JRTGAG^R has herevnto set h~s hard and s•_ai the day jfi~year first atoreaaid.
i
~ 5 , Seated ,d de' v n the presence of: ~ •
f „ l`` ~ ' `'~t ' ~Seal)
; - ~ ~ ~ o n o vin, r. ~~a~
t ~ i i ~
' ~ CE~~-- . ~ , ~
y - r e . o~in cs~aq
~ (Se,l)
~ 5: a7E Of FIORiDA ~
e ~
~ ~~UYTY OF $t. Lucie ~
~ Befwe me personally aP~z.ed John B. Potvin~ Jr. _ snd
z
~ ~ Shirl_ R Potvin _
~ • his wife, to me well kr+own arxl known to me to be
: r~A indmduais described in and who eiecuted ths forego~ng instrumem, end acknoxtedged before me tAat they eaecuted Ihe same fw the purposea
~
~he•ein expresned. And !he sa~d___.-._-_---_-__ S~11ZIe~I R. POtVlil _ _
~ +~~±e af ihe sa~d --~OhI1 B. Potyin_~_~r. i~ow'ssep~~~tee~ ~'au~
n ~•amr.at~on by me taRCn separate a~d apart from her sa~d hvsband, ackoowfe~ged to and befo~e me that she eaewted se~tl~sTwr~~fceet~yolun-
• }a•~~y and w:~hovt any compuls~on, co~strairtt, appreher.s:on„pr~fear of or irorn her sa~d sba . „ ~
~ ~ , z«~~ - , ~ 9~-=:~I,,`
= WITNESS my hand and off~c~al seal th~s._ --y~____ _ _ day ~f__ ~ ~ _ ~."9~ 19_.LL~
~ r ' : J ~
~ t'°_E ~
- otary Vvblic in anc! (or the Stafe op Flo?id{. tT ~ry~-_
My Comm~ss~on expires: ~ • • ~ ;
Ret~~n To: ' . d
F~:st Federal Savir.gs 3 loan Assot~a!.on ;
" 4 ~~IANY 1'Uru~. alN~~ ~f Fl1r.~..+.~ ....c' ~
~ O~c~~ Pc~~c= NiY CUt.i;.11~~,tJM txNlrtE~ JG1. 11. 7Y/~ -
: ~D~t P~":P F:iJ"'~3 •OND[D TNRUUt~H f RLD W. DIESiElMO
'~~.i2:30
F~~-f ~ 'tcCORDED
This Instrument Pre ared B RiChatd K. Ka es st~ IUCIE CUUMTY F~~.
P Y Y RG„~q F~)ITqA3
~ First Federal Savings ~ loan Association REC RG YERIFIEO COURt
- of Fort Pier~e
-
~
Chec ed - - I ~ 0~ PH ~ ~ ~ ,
U P f ~t
~ k~o~ 1~0 1566 ~ ~
~ -
_ _ . _
:
_ _ _ . ~ _ . _ = _ _ - _ ~ ..s~~.