HomeMy WebLinkAbout0775 3. To p~ace and C0~111l1UO:1S~ti keep on the bu~'d~~3s no+v o+ her~airer ?'rt~i~e on sa~3 ~and a~d on aG .•q,:~;; ~~em and Fena~ n~:y co.ered by thls mortg~
age, w~~h •1) premwms thereon pa~d in fuli, f~re insu~an,e ~n ihe ~s:,al uande~d po •c~ form, in a i.,n+ a„~c~rd b~ fn~~ r;,J~: .:•.v:E, a~~d w~ndstorm
Insurance in ~he usual sianda~d po~:cy torm, in • sum eppro~ed by 'hr AIJRTGAi;FE, such carpany or co npan es as ihe ~'0~~~~1GEE may
di~Kt; snd sll ~i+e and w~ndsto~m ins~.anct po~~.~es on any oi sa~d bu~ld~r+gs, any ~~.tereaf the•ein or pe•• thcrrol. in the aggr~gate s~.n afores~~d or
in excess ~hereof, sl~al! ;.x~ta~n the ~suat s+a•~dard margagee c~awe rr such o+har cavse as tne ~\to~t9a~ee may rra~.re, ma~~n9 tnr ~oss w~drr sa~d pol'r ;
c~ea, each an~ every, payab+e ?o sa~d AAJRiGAGEE as ~~s ~~+r~eit may ap~rar, and each anc f•ery wih po..ir i1+ali UC pro+npt y ass g~~rd e~~d dr.~.•ered to ;
eny held by sa~d MORiG%.GEE as fur~her aecur~ty to s~+d ~-~on~a~e d~at, ar.d, no+ :ess than ie~ ~i0' ds.s ~d.~~~ce cf ii,r e.;~.~~a~~o~~ uf r.~,h ~o'~cy. to dr
I~ver to w~d MORTGAvEE a renewal thereof, ~o}7e~hrr wiih a rece~pt tor the pre~^~um of svcA re•~e~~; a.d there s~,a;! be ~~o i.~e o. .,..~3sto m~ns~~ance
plsced on any of sa~d bw'd~~gs, any m~e~cs~ thr•e~n or pa~t ihe~eof, ~^:css ~n !ha fe~m a•~d v~:+h the ~ess parab:e as a!o~esa!~; and in ehe event any sum ~
of money beco•Tes payabie ~ndr s~ch pol;ty or po~~ues sa~d MJRTGAGiE sh~Ii ha.•e ~he o~.~,e~ so ~ec~:.z :~d a,; ~ t~~; sa^~e on a.:o,~~~ of ihr ~~,drbted- ~
ness secu~td hereby or to permrt sa~d MORTGAG0~25 to rece~ve and use it or anv ~~:•:t th~-.rof t: r,.,, ; ~~•_s ,.>~~r• i
ing any equay. Gen or n9h~ v~+drr w by vlrrve of this mor~~age; and m ~he ev~nt sa d A~O~TTi,~GOw'S sha:i co~ ar~y rc~son f,ft fo keep ~he sa;d preml:cs so
~ns~red, or fail ?o de~~ver prarnptly a~y of smd poi~ues oF ~nsura~~ce to sad ASOR;GA~•"tE. or ra: ;~•o~-;:rty to ~ev 3~y ^.-~n tnc:.t~r c~ ~n a~y
~espea fail to pe~~o~m, ducha~ge, exewtr, ef~ect, compie~e, co~~p~y vv~ih and ab~de by Th~s cove•~anr or any ~-:a:r h,recf, sa~d MvR~~aGEE ~~ay p~ace a~o
pay for s~ch insurance or any part thereof v`rthout waiwng or affe:~ing any op•.~n, i~en, eq.:.~y. or n;hi ~~~s:+ o. by v.rt~e o~ ih~s .tilonaage, a~d the
tull arrw~nt of each a~d e.e+y wch pa~.ment shall be ~r.:-ned~are~y d~e and payab?e a:~d sn, ~ t~_,r ~nmr_st t~om th~ dafr rb~,eoi u~~~~; p~~d at ~he ~a~e ot
n~ne per cenium per an~,: and !o~ethcr N~~h s.,ck in~~•~~sr sh,,~ ~r secu•~~d G! the !ien ef th.s m0'~~ay'e.
4. To petmit, commit or su"er no waste, unpa.rmenT w de~eriorat~on of sa~d ~~~c~rrty or an~ p3~e *h~reof. ~
5. To pay ati and sing~~'.a. the costs, charge~ and expens2s. in.~vd:ng a rea>onse~e arrorne~ s fee a~d ccs~s of ah:T~acts ot t~t:e. :ncu~re~ o• pa~d at
any tirrx by uid MQRTGAG`E, becausr or ]n the evev of ~he ;a~,ure on ine oart o! »e s.,~d h1J~21GAGJR ~o du.y. pro.~~p+~y a:~d t.,.:; prrforin, d:sch3rge
>xec~te. effett, compiete. Corn~.!y w.th a~.d ab de by each and r.e•y the s•,p. e' o.,s a~.~.e >„^'s. co~d~~;una. and c~ve ,s~..s of s~ d`•o:,.:>so•y no~e a„d il,,s j
morrgape any o~ e~ther, an~ s~:d cos's, .ha~~es and eapensea, each a~.d e.•~~~y sha : be ci~at. iy d~e a~d ~ar:,:~..~; ~nhe ~h~-~ oa ~at sh_•re t~r no!~ce d~ ~
n,and, ~t~empt to co•iect or so;t pe~~d•~g; and the f~:, amount oi ee:h and ever~ s::ch r:,,~,enr sr•;,' r,<~a• :~'c:~~st +rom f?e dare Mereof unt~i pa~d at the
-.,rF ot ni;ie oer canruT ;;cr a~~n;,n: enc ai sa~d cus~s, cna~ges a~~d .r_~reses ~ncu:ied o~ pa~d, iw~~-:~.~~~ ~~~th s~:h ,i~te+ast, shaif be sec~red by ihe ~~en of th,f i
morigspe. ~
6. That \a} in the event o~ any brcach of th~s Morfgage :,r deEa.~~t un itt part of shc ',"J~'G-•G;`F, cr b` in ihe ev~~m any ot sa d s~•ns of mo~e~ ~
hprfin referred to be not prprt~pr;y a~id pa:d v.~~tiun tn.rty igJ d, ~y • a.,_.• ,:~e s.,..~.e s<~,c•, Cec.~ ~~•e d~_~e and pa,o:~!e, :v,:;,o.,i de:,,a~,d O~ nohCe. i
, r(c) in thr event each and e~ery tFe snc.v•a'~ons. a3reementi. co^d~'~o~,s a^d c~~rnanrs o! se ,~r.,•~:~ss.,: y~~crr a~~o th s m: rrgage any or eaher are not j
~.~'y, promptly and f.,Ety performed, dxha~ged. exxuted, e4fe,rrd comple+rd, cor.r..ed a,~rn a^a tr~d,•d ~v, tF+e~ ~r. e.rher or anY sc.h event the sa~d ag- j
~•ega~e sum rr+~nt~onCd ~n ;a~d prom:ssory n;;re fhen remaim•~g ~:~~a~d. w~Th re.rsr aca.,~~~. ar~d ^:c~:r,s sc-c:,~ed hereo~. st~ai: oc:.n,e d.,e and pay S
e~ e fo.~hv.~th, or thorea!re~, at the op?~on o* so.d MORTGAGiE, as t;,.oy an~ comp:ete:v as rf a': of s>.d s~~~s cf n:o:ler werz or,g~na.~y st~pu:ated ~
t~ be ~~d on sv[h day, ar.ylhing m sa d p:o~n:ssory nCie Or ~n lhis Mo!t9a~e to the cp~•+•~ry no;~n:!hs?3-~~~~~g. eno the~e~..~on or there~fte~ ~1 th@ OphOn of ~
s.>.~d MORTGAvEE, v.ithout nor~:e or demand, su~t a+ iaw or in equ~ty, therefore o~ thercatter bry~n, may he cvesecured as if ail moneys sec~red hereby
n>d maturecf p~~or te ~ri ~nstitut~on.
7. That in tne event that at the beg+nn~ng of or at any t;~,e pe~~~g any sutt upan th;s RFo+tgzge. o. to ioreciose it, or to reform i~, or to enfo~ce :
payment of an~ .:e,ms he~evnder, sa~d MORTGAGEE sha~t aprly to thr Cu.;~t having lu•~sd ;~~e~~ 'h• rcot fo: !he ae; o~ntn~ent of a Re:e~ver, su:h Cour~ shail
fo•thwith appo~nt a•eceive: ot sj~d mortgaged proce~ty a!I and sing~tar, inc!vo ~~g a,~ a~~d v~:c.,•ar i~~e ~nco~+~e, pro!~ts, ~ss~es ard re.er.,,es f~om whatever
sou~ce de~~ved. each a~d every cF r.•h~ch, be~-.g exp~ess'y undersoood, is hereby mori~a?ed as ~f spcc~f~c~~iy set fonh and desu~bed ~n ~he grant~n9 a~d
n~5endum c~auses hereof, a~d such Rece~ver shal~ have alI the b~oad and r!iec!ive fu'+c' ens a++d powe.s in anyw~se eaLUSted by a Cert to a Receiver, and
s-:h appo~ntme~t sh+ii b( R1dLIE by svch Co.rrt as an ad-~rtted eGu~tY and a ma?ee% of dL~iJ:JFB r.gM to sa•d M~R1G<1uEE, and v.~'!~_ut reference to the
a:,q~acy w inadeq.•acy of !he ~a:ue of the prope.ty mortga~ed o~ ~o tne so~ency er ~r.s:,'.en:y of sa.d /~lCRivkvOR o~ the de'e~~da•.ts, and }h;t svch
_~^n, profitt, ~ncome, iuues and revenurs shaii be app~~ed ty such Rec_~ver ac:ord~~~g to thr i~en o+ rqu~ty ot sn:d M0~2TG:.GEE end the prachce of such F
Covrt.
8. To du!y, prompt!y and 4u~~y pe~fo*m, discharg~, esec~te, ef~ect, com;.fete, co~~p.y w.th and ab+de by each and e.~ery the stlpulations, agreements.
condiaioru and Covznar.ts n so~~ pro-^.~ssory note and !h:s mor133gC srt forth.
9. That i~ the ~Y••~~ :he cwne•sh~~ of the mortgaqed p~e~*•,~ses o. ary p2rt the~eof, becomes vested in a persun other than the htiL'RTGAGOR, the
4+.ORTGAG~E. ~+s wcc.ss:rs and ass.pr.s. •~ay, w~:hout no~~ce to r':e n~.OR;~a~R, dea~ witn such successor a svcces3or in interest w~'n reference to this
r~o•+ga~e and '!~e o_~• '~r~eby sec~~ed ~n rne same manner as v.~ih ~Avr~aga+ w~tAout ~n anr.w~Y v'twt're o~ d'schaT9'^9 ~'9=gors' Gab~.~+y fier~
.^der o• u,w~ me d_•cr i,_•~r~, secv~ed No sa~e of the pre~*,sPs h.,~rbY ~.o•~gay^rd and no 19.'~6dryr.~P On the pa+t of the t~ORT;:,hvEE or its successors i
ass~gns and ea'e-~s.~^ o~ ~he r~e ro~ The payrnenr of t~~e d=L• h~.<: ~ sec~+ed g~ven by the tAOR?Z,AGE~ o* :n wccessors or ass gns, a~:ali operate
rc !e~ease, d:sche•ge, mod:fy ~hange or aitect the o~ig~nat iie~.:.ry o' the N,ORIGA;~R here;n, either in v~no~e or in part. ~
i0. 1T is saec,t~caliy ag~eed tka• r~-ne is of the esse~ce of th~s co~f~act and that no wa~~er of at:y ob gaT on he:eunder o: of the ob'igation so- ~
cured here5y sna~. at any tLme sne:eas~rr be h~,:d to be a wa~.er of the te:ms he.eo4 oc of the instr~~~ent secu~ed he~by. `
'.1. {n !.r to tne to+e~e .~,en'~ v pa~m~nts of p~i~c pa. and interes• rtg~,r~d by the p~om ssc~r nc e ia:.,•.~ he*~b;, mortgagy eo1enanfs ~
a••~ ag~^es m Ndy To mxscagee w.r'r: eac^ ~onrh y pay* ~er~t an edo ~~u~~a; su~*: cs? - a+ed b~ ~'~o•+g~gee to t>e e~~3: to i i2 ot e..~ a. •;,e~ cos~ of the foliow- ~
~
A-,:ti rea~ p~opcrty taxes ie:~~cw o• assesse~ aga~•~st tne abo.e dcsv~scd ..a! e:'a!e
6-F~_-.,,,s~-es on fire and a~r,~S~D ~rSV~B~ce as he~e~n •c~q.r:r^d to be ca•n~d at the ~ e+emeits s:!ujte on th~ above desvibed prem~ses.
C-Pre~~~~^s o~ svc~ ~:o-'_:•oc c.,a~~-~~v ~rs~~a-.ce as mortyeyee Sha~i ~re^~ •:rte eo an-:c drem 1.t to carry o~ the toan acwred hereby.
h5ortgagee s'~~ t''~~ tc. +.r-~e nc'~*~ me•ty„go+ ,n+:t.~g of the a--.o_~! a.:e and payab[e hereundr- a~~d s::ch s.,r. slia:l thereupon be due and
...able o~ fhe d~e eare th=_ --,onth.f pay~.~t~t and each y~~~ess~~e ~•o^.'h ~he-Ea`}:•r uc+,! mcrty^agee sha!i not,fy mo•'yagor ef a:hange in such
~~uat. S~ch s,,,ns s%- ~ a•,.~::_d•bf mortgagee ~owa-d tnr paymer.t o~ ~ea~ pro,~erty taxes, msu~aue prem.u.rs. a~d mortgage guara~uy ~nsurance
~ l,~e•niums.
IN WIT^if~c V:O' ~he d MORTGAGOR has hereu~to set his har.d and seaf tht day and year first aforesaid.
3 ~ ned, Seai •Y d e~~ e. t rnence of: F LED AN~ ~ECOR~EO
s ~ . s~. wCiE CO!lNTY u?. ~-~,~/~~~~~~r~
s ROCEK FOITRAS
` CIERK C1r~CU1T'COU
; RECGRD YER~FIED ~~i~-Y~.eL d!5 ~..c - os~q
~ " ~ - 19 IA ~S AM' I ° ;
~ _ :,Tf OF FLORiDA ) - ~
~ st. Lucie 2 0 6 7 5 3 :
Y ~.-JU.':TY OF - . "
y Before me penonafly appeareci ~'lOIa3S M. Buehanon _ _ = ~ . - .,;a;':
Donna Buchanon - ss= ~ ' • =
~ _ h:s wiie, to me we~~ krrowq dgd•known to l+R tO~b~ ~
r~F ind~wduais descr~5ed in and w1» eaecuted tir_ for o~ng ~nstrument, o~d acknow~edged bef~re me that They executed tM'~b+~~e._flk th~ purpw,es
o .
. .
- ~onna BuChanon
~ rhe~ei~ exp~essed. knd the said_ ~ ~
~ -
~ - - Thrn?as M. Buchanon _ - - - u : 's .
,N fe of the sa~d _ - P~ ~Mi. ~.P~
F e,ami~aT~on G{ ~x taicn sepa-r.te end apa~t from fi«r sa~d husba-~d. e~k•nvrledged to and be`ore me that sfie executrd sa+d ins!rument f(taly ~nd votum
ra~~1y a~ w~tho~t any c~~.;.u~s~on, co~~st.a:nt, apprel~ns~o~yr fear o( o+ iro ~ r sa~d huiband.
~ WITNESS my hand and o fic;a1 ~ai th~s_ day ef_ ~ _ - A. D. 197~
~ i -
~
~ __i!%S~!~~
-
kotary v~lc ~n and fw the Stare of fior~d• ~t luye
r . / 1~1y Comm~ss~on expirnt: .
" P.eturr. To:
_ F~rst ~ederal Sa~tngs b loan Ass.,oat~.,., ::;ilf.;~f 'r.... .:ii.iE uF iL~:..s.~ lif LANoE
Ot v. J • - - , , 1, ~3, 1!!2
F; fp.t ~~...r _ . . ~ ~ . _r.~n~.
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;~r.
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7h~s Instrument Prepared Sy J. D. Chastsin
First Federai Savings 8 Loan Association
of Fort P~erce s F1oTida
Y_
i.
~f Checked By _ -
~f ~
= ` 1g1 7?4 ~
~ BUOK 1~ g
4,y
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