HomeMy WebLinkAbout2858 3. To p:ace a~•d cor~tinucusty keep on +he 6u~ du~gs no++ ~r he~raiter ~:~u+~e on s.,~! !~nd and Un a'; i~q~I;>.nenf ord pe~~e:.~iiy co•.a~ed by 11.is morrg-
~g~, w~~h sU pren:.v~•~s u~:•reeo ya d~n full, 1~re irs~ra~~cc ~n ~ne us.,si s~~~~d~~d Fo c~ icrn,, in a a.. n e~ N~o:cd b; th~~ ti?=~k :,.~GEE. and winds~am
insurence in the ~sual ~e.,nJ~~d ~ro!,ty for~n, in a w~n aFF:~o:eJ b~~ +hr A1JRiGAGE~, ir. su:h cu:+.~.any or co:n~~an.ei as Tf~r h10Ril,AGEE may
direcl; and al) }i~e ard w~ndstorm insurante pol.c~es on any of sa~J b.+~;d.n9s, any interea~ thci~~n or Fa•t 'ficr~v!. in the agg~.~ote su~n afo~essid o~
in excess therec~f, shail :u~•f.,ln ~h~~ usvai sta~.da~d murrt~.igee c;~use or eu;h o~he~ c.+.,s>_ as ~he Mw~ye~~c m,y r~~yu ie. ~t~ak„~g tr,e ~.ii ~nJrr s.~~d poli•
cies, tech and every, p.~y.~b'r to e.i~d ~IORfGAGEE as ~ts ~ntervs~ may ap~xar, a•~d each a~~d e..~y sv<h No ,e/ s~~~~~ uc {~~o~~•Ntiy au c~•~~d d de~iverrd to
My ~CItJ by fe~d A'~~nKl'.:ACi[E nS t„rih~r atCUriiy t0 Sa~tl n:o't3a~r dcbt. ,~iid. n3t :eii ihan Iri~ ;101 di~S ad,ei~:e Of Ihe ex~~~~ef~Oti o~ caih NOIiCy. f0 da
liver to faid h10RIGAG[E a rene.••e1 thrreof, ~og~~hrr w~th a rece~pl for Ih~ pr~~:nwm oi such r~~nr...,': .+.~d thrre s~~a:~ be ~~o f,re c~ .~.~~dsto~m ins~rance
plKed on any of sa d 6ui!d,•~9s, eny int~-res? thcre n or pa~t th~-r.•ot, u,!~~ss ~n +hc fonn a~~d w~!h ~I~e ioss payob'e as aforeseid: and in the evenl any ium
of money beco^~ct p~ya:~;e vnJrr wch i,c!ity or poLucs si~d rd'JRTG;.GEE s~~~ll hav~~ rtir c~,• on to rro:~v~~ d.~;:,'y t~~e sn~nr on •,:w.~~t af the indabt~d-
ness sec~red hereby w to pemnt sn~d MORTGAGORS to recr~~a at,d u:e ii or a:~i n.:•.,~.~f c:~,- r>.: s.:.~, ih ~•~:a~: -
ing dny equity, I~en o~ ~~yht unc3cr Or by v~rtua of th~s mcr:~age; and m Ihe evi•nt sa d A10RTG~~GU25 sha!I Eorrany r~•.~ton iail to k~cp Ihc sa~d p~em~sef s0
insured, or fail to dr!~.er pron~Ntiy any of sa~d po~~.~~•S of ~nwr~ncz to s.~ d A10RTGAGEE, cr pro•~.~.~ly to ~-.~y ~~::y any {:•r +~~~~~n fhe~~+or or in a~~y
respect fail ~o pe~fo~m, d~acharge, eae:::te. r{tuct, tat~p'~~a, co n~iy with and a~~~de by rh~s co.~•~~. ~r, or a~~y p~~t ~~a~rof, a,~.d MvRf':,AGEE may p~ace a•~o
pav fw such insurance or any part I~ir~~of w~thOUt vraiv~ng er a~fec~ir.g any opn~~n, t~en, eq:,.fy, ~~;;h~ u~•Jrr ur by v:~t~e of rh~s :'o~tqay?, and ~hc
ful) amounl of each a~d e.er~ wch yay^~w~t shall Le ~minrd~arely due and payabi.• a~~J s~~a'! r:•ar ~nFe!• S: ii~;^~ tha dote !hrr~ef ur~rl p.,id at th~e ~ate o1 )
rune per tenrum ye~ am:~.n ';:~_~~%~.ri ~n~'h Suth ~nt.~•.it sh~~„ S~•<~:~~.1 hy the i.en of 1h:s ~~:o'tye_~.•, ;
To pCrmii, eommit or wller no ~,,a~te. i~ttipeirment or d_ter~orot~o:~ of sa~d F:rcE:a•rty or an~ p,.rt t1~•_r~of.
TO pey el) and siny~!ar the cOS1s, tharges and e~{:enses: ~n~luding a rra~o~:au'r attorncy~s ice o~~,1 ces~s Cf a6strocl3 of tiNe, incunetJ or Fzaid df
any time by said MORTGAG`E, bec.~use or in the event ot the 1a.;ure on ii~e ~,e~~ ui the a„cJ ASJkiGAI,Jk w d.;!y. pro ~~~~tiy and fu,~y prrionn, d~stharge. ~
execute, effect, canplrte. co~~:p!y w,th a~:d at, ~r by ra:h and evrry ~h.r sry;~'ar o~.z. ayr~•.•~•.. ~ns, co ,d e~o~u. and covr.:a,,rs ef s~~d p~a:.;,sory note and thit
mwrgage any or e~~her, a:,d :ad cosn. che.yes and exprnsrs, exh anJ evrry, shall be ir.~.,d:.,t~•~~ ci~r ~nd Fa;ni~:i~; wh_:hrr o~ not ~i,~~re be nonce da
mand, attempt to co~lect or s~rt pcnd~•~g; e~~d the an~ount of cdih and ever. s~~.%: ;.~:c•~+ sl,a't L.~ar r•,:,~•st from the tiate thereof until pa~d at the
ratc o~ n~ne per c~ittun, F.er an~w n; „nc: eii sa~d cos~s. cna:g~•s a•i:l c.•~~.acs ~::Cu~~cd er {;~.,~~d, to~cr~rr uv.~h a~th i~.ic~rst. ihail be Sec~red by 1he I~en Of 1hi~
mortgage.
6. That (a) in thc event of any breach o1 this Mortgage or d~.rfa;'r on t4.c p~~t ef :'JRlG%•G~
`P„ or .F.) ~n the e.~•^t any o! sa d wms of money
here~n reEcrred ru bc not prcn,E:tiy a,~d ~v~ly pa~d „~~h~n th.rrr ~.3J; d~;s ~i~c• s`.:,~ s. b~•.o• e.: d.:e -nd +~ay~b!e..w~~l~out de~nand or no»te,
or (c) in the event eech and every the st~~,uet~ons, ~3recments, ca:d~'~o~~s and covenents ot sod ~:C>>~ss~,~t r.c~~~ a:~~f ih•s m~~tgage any or erthe~ are nol
~uly, pr0~»p~~y a~~d ~v~~y ~:erfo~e~rd, d,scharg.•d. e~ecur.•d, eftected, com;,ietrd, co:n~:~ed r:~~i. and -o!,:f:~d `.•y, tl~en ~n enh~~r o+ any w:1i event the sa~d sg
~~C~d12 fum ~T~e:}::p~~c'd in i.+~d pro~n~ssor~~ r.~.re ~n.:n re~>>aini•~y ~::~~a.:3. w~~'~ ~„icec>i .,....._d. ..:t:i c.~,~/i SiC::'~~Cl hcre::y. Sha!! !.~:ume due dM~ pay.
eble torthwith, or ri~z•rca'rer, at the op~~on et s..:d A10R1l~AviE, as fu~ty a~~d cump!u~c'fy as ~f a i oi rti~.• s:~.d su:ns cf n,uney werc o~~g:na~ly sKp~Sated
to be pa:d .x~ such d:1 anyti~~~~y ~n s~ d p~e r-ssory ~ote or in th~s h4ortga~r to tne co~~ira•y n.,~r.~th~r~ d_:g; onci ~4~,-r~„~>o:: or thr~eefter at the opt~on of
sa;d MORTGAGEE, ri~i~,:~,~ not:cr or d~mand, w~t at Eaw or ~n eywty, therefore or thr~eoi~e~ begun, n~ay 6r ~•rosrcut~~d as alf muneys securcd hereby
had maiured pr:or to ~n ~:~:t~t~r.on.
7, ihat in ~he rver,r rhef ar the beginn;~.g o( or at any t~me pendi~~g any su~t ~pcn th~a Mort~age, or to forec!ose it, or to re~orm it, or to enforce
payment of any r.+~ *~s hr~~•und_r, >a:d AbJRTGr~GEE sha:l upp~y to tt~~• Court hav~ng ~ur~srt.:r.c.r ~F.; rrof ter the a~:;:.:,nt:rent of a Rece~+er, s~ch Co~r~ :hail
fOrthwilh dp{:o~M a rece:-:_•r c4 se~d r.~o:Tgag~~d prOUr~ty ell and sin.~vlar, ini'~ud~~'y .3~.~ .r~~d s~.~r.:~ ar R~.r ~:~:t~.:n~~r, F-rufrts, ns..•es drd rever.ues fr0•n vvhetever
source denved. ~a:h end eve:y of ai,.cti, rt be~~•,g express!y unde~stood, n hereby i~~,orr3~g•.<i as :t s~~cc !:ce'~y srf fcrth and d~•scnbrd in fhe 9~a~nng and
hatxndum da~srs hereoF, a^d such Rcce~.er sh~ti havr all fhe b:.:ad and riict•~ve fi~~ o.s d ~ u.,.e•s u~ an~:.,;e ~-nr.ust,d by a Cuu~t to a Recciver, and
s~ch appoinlmenl shali th+ n•ocle by such Cc~:r! as er. ad •~ittcd eq~~ity and a~naHer o~ at sci~te r yht s.~:d f.1JRiG:~G'tE, a~~d w~th,ut reference lo the
adeqvuey w inad_~q~aty of tF.~ val~e of the preF~rrry mertgayed or to tiir s~ +~e~~cy cr nc~ of sa~d t.10RiG:~GJR o. she drrr.:dants, and ~hat such
~e~~s, projits, incu~ne, iswes and ~eve~ ~es sna~i be ap;::~~d by wch Receiver accord~~:g to the lirn or nyo~c~ of aa:d ASJRiGAGEf and the prachce of svch
Court.
8. To dufy, promptiy and fu!~y perfo~m, d~scharge, execufe, effect, ce,.+piete. cor.,Niy wnh and ab~de by each a~~d every the stipu.at~ons, agreements,
:onditions and covenanrs ~n Se~d ~)(JmbSO!y note a~zd rhs martgag. set forth.
9. That in the eve~et ehe owne~ship ot thr mortgaoed pre~,~ses, or a~~y psrt tf:CteO~, CcCOmQ3 vesecd i~ a rerson other than the MORTGAGOR, the
M'JRTGAGEE, its svcc_sw~s ar.d ass•g~~s, may, w~tho~t ~o;;ce to ~^e :"•ORTG~~OR deai w,+h su:h s~ccessor o~ svcc~~so~ ~n ~nterest w~!h refe~ence !o thia
mo-tgage and fhe d~b~ he~ebr sec~«•d ~n the same ma~~ne~ as w~;h td:~r~ano~ w,rh;uf in dny v,ey vi!.atin9 or d.,:ha~y«~~ ihe 1.1o~fysyors' tiabdity her~
under or uEwn she d~~bt hr.,~b, s_.ureJ. No sale of the p~ennses hcreb, ~::o~ruayod ~.rd ~,o fort•earo•uc cn the pa.t o~ ~he A10RTGi+vEE w its su.cessors
or ass~g~s and no ex'e~s:on of rhe t,mc for the payme~v ~i the debt her~E.y s_~c.,red g~vrn by tne ~.ORIGAGEE or :ts wccessors or ass:gns, ~i:all operate
to re!ease, dscharge, mod,ty cna::ge or affec? the orig,nal liao l;ry of ~he !~tCRTGAGOR I>ere~n, either in whole or in part.
10. It is spec~fc~l:y og«~ed that time is of the esseece of th~s connacr and +hat no wa~ver of any ob ~garion hereunder w ef the ob!igat~on s~
cured hereby sha'~ at eny tin e~nrreafter be heid to be a waiver ot the terms hereof or of the insnument secv~ed he*by.
I1, in ad~ •o rore, o~ g~r onth~y payments of pnnc pa! and inr, r~sr reav:red o; the p~o~~~ ssory no~~• s~•curad he~eb~. mortgagor eovenants
and agrees to pa~ ~e _,ee ..:+F. e3cn ~-~or.+h y p~i~ ent ar. aci:i r~o:~a; s~~^~ ~ s' ~ ci b~ ~,^-t~:~ee te be eq~e~ to 1 i2 of t:~e an:t~al cost of !he follow- 1
:ng:
A-A•: r~a ..oFr ia,,s te: o~ ass.st~;i ag;~.st ti.r ai~ooe u_sr;•~d r._ai esr,,~~-
~ g- F~.: .....s c~~ f:r. a^a ~-~.dc!o'•n ~nlvr~r:r as h.~rrin •iq...rcd to bc carr;.-~ r~ 7~_• r; rpv~m~r121 :~IVJi~ on th.' afwvC d=-s[ribed prem~sez.
C-Prr -~u ~ s r> >.:ch ;,rr ;.ar q~ar~nty :rs~ra• .e as ,no•rg3gec siu'i ire.. • ~ so dre•r~ M to c~rry on Nie :oan sewred hereby.
Mortge~ee s. r..~..e to t~~~~e ne••i~ n~.c-~~..ger ~n ,n,r:!:r,9 of the a'-o~~•~r d.;~~ .end pa.au!e he•e:~nti~r ar:d 5uch s~•n sfi:ri th~~reupon be due artd
Gayab~e on th~• _ oi _ r, ~t ,:o~:!h ~~.,~,t a•~d e..c~, s~cccsz~ve ~~o•~th n,crraif_- ~~.f~' mcnga3ee sh:3fl no~:fy r.lortga3or of a cliange in such
'i a^'~ouN. S~ch s..-s s%'•? :;e a~~..,~ci b; mortg~_re tor.ard the pa~mer.t of reai prof:e:ty taxes. ~ns~ra.ue pren~,.urns, aid mortyaye gua~~rfy insurance
~ p'emiums. -
E {N \':IT~:~,= ;iNEE•;C,~ ~~;e sa~d NIORiv~.GUR has here~nto set h~s hacd and sra~ rhe da~ ~year first af resaid.
~ S~g~ed, $ealed ar:d de:~~ered in the presence of: - ~
./ti~Ct~.--,.. ~ $eal)
(Seal) :
i ~ A r~~Gi.l..~./1v.-~-~~z..~. ($eal) i
f , t ~
- - (Seal) E
S7r~TE OF ELORICA '
t ~ .
cou~,nr oF St. Lucie _ i
Befwe me ~ersonally appeared l i l ciI9 ~i ~ $ ~1tL1 t Z ~ ,1 r • - and
ary L.ouise ~tIL11tZ h~s w~fe, to me well known and known to me to be
rhe individuals described in and who exrcuted the foregomg instrument, and acknowledged brfore me that they executed ~he same ,fw the purposes
, •
~ rherein expressed. And the sa:d_ _?~'_-~~ulSe S~1111tZ__________.________
~ rv~fe of th~ said - l.llla?1 ~ S}~Ll~t_Z~ Jr • - - - upon ~ ~bpiritb in~pr'qat~
e;am:nat;on b;r me :a.an sepa, ate and apart (rom her sa~d h~sband, acicnowiedged +o a~,d be`e.e me that she exrcuted sa~d inst~u~~f'~e«~y
~artd,id{wr
~ rarJy and wnhout any co-rpvision, co^stra~nt, apprchens:on, w fear of or from her said h~sband.
WITNESS my hand and ofiic~al seaf this_ _~~~L.__- day o~- -------tiidrC~l---.-__----- ~~ti.,- ~ D~~~i~l
v ~ " ~ ~ : -
~ - - . - ~ _
~ . fvotary P~blic in ar,d for fhe Stalr Of. ~IOr~ i r -
~ J My Comm~ss~on ex ires~ I1 .
Re+..~ ~o /1 .3 7~ fIlEO ANQ RECO~OE Q~f;:'~
g COUNTY F~
3 First fede~al Sa+i•~gs 6 loan Aisoc~it.cr. ij.l(~C~E ~ " 'Y"'
p ~OCEA POt11tAS . •
~ f~,f G~~~;e. F,r.:;, CtERK GtACUIT COURT
~ RECORO YERIf1E0~
~ ~~s.~i~2aH~zi
~ This Instrument Prepared By Tho:~as A• Driscoll '
First Federal Savings & loan Association f
~ ' of Fort Pierce lor id~ 2 p s 16 9 ~
~ Checked By - - -
~ B~oKsso zs~
~ ,
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_ ~j ~ ~
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