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HomeMy WebLinkAbout1278 ~ ~ _ ' i 3. To piace e~d continuous~y keep on the bu~'dntgs now rr hereaher ?~luate on io~d land and on eli equ~F~~nrnt and perioneily coverod t~y Ihis mortg- egs, w~th ~D prem~umf Ihc~eon prd m full, Lre ins~renco m the usu~l u,~iafe~d pc~~~ty Form, in a w~n a~.yro+rd b~ ti~c ~dvk~GAGlE, e~~J w~nds~oim msvr~nce in tM uwal s~anda~d ~wLcy fwm, in a wm apF~rovrd by ~he MJRTGAGEE, i~ su:h cumi>ar~y o. compan~es aa ~he R10RIGAGEE may duKt; ~nd all lire and w.ndsWrm inf~rence poliurs on any ol aa~d (w~ld~ngs. any inler~_t1 the~cin or parl thcirol, in Ihe afl~r. ya~e sum ~}orefaid o~ in excess Ihe~eof, sfiall coroain ~he usual s~andard mw~9agne ciause o~ wch other cie~.se as ihn hlonyay~o may req~~re, mek~~~g ir:e lost unJa~ ia~d poli- c~es, each snd a~rery, payab!r to aaid Ml~R/~;AGEE es ~ts ~niwc~t may eppea~, a~~d eath a„d e..•~y sv<h ~:u~~cr ~ha{I be promNlly auyn.•tl a~~d dcliv~red to sny held by »~d h10kIGAGEE as (unhcr tew~ity to said mortg~ye drb~, a~~d, noe !ess ~hen ien (10) d.+~a .id.~~ue ot the ea+,u~i~o~i o~ rech pul~cy, to de- i,ve~ to uid MOR1GAGtE e ~rnuwal Ihereof, toye~hrr with e rrce~pt for thc pr~~.nwm pf ~u:h renrwa!; a~~d thrre x~~ail I,c no Lre u~ wn~daw•~n inwra~xe i pteced on any o4 sa~d bui!d~npi, ~ny in~erest Iherom w parl thrreof, u,eti•ss in ~he (or,n a•~d wnh ~he loa ~.ayoi,:e as afcresa~d; a~id in Ihe event any sum of money ~comef payable under such policy or pol~ues smJ MORiGAGEE ah.~U I,ave ihe ayt.un to ~rc~•~v~ ~<I ap~~iy Ihe sa•ne on acww~t of the ~+~dak,rrd~ r~ess secur~d he~eby o~ ro peim~t sa;d MORTGAGORS to rcceiva and uae it ur any ~,,,r~ t~~. ~c.r o~n, r~.u,; .,t, s. .,,~~,,.:t il~ ~„r ~~r:p„~r- ~^9 +^Y ~'quity, hen q~~yht u~+cle~ a by virlve of this nro:tgeye; snd i~i the evcnl s~d MOR1~;1GUR5 sha!1 !or any reaso~ lail to ?,.ep tf~e sa~J prem~s~•s so ~nw~ed, or ~ail f0 deli~cr prWnE~tfy dny o~ soid poL:ies O+ ~nSUrancC to 3a~d MOR~GnGEE. o, t.~~i rri,n~{~t~y tu y~ay lu;:y any p~e•n,~~~n thcrcfor o~ in di~y resped lail 10 {x~lwm, d~scha~ye, execu~e, e(fect, compietc, comply with and ab~de by th.s cc..:~~~:i~, o~ any i,vt ha~eol, sn~d I.~~,RiG:~GEE may piace a~~o pey fp tuth insur~nce or any part lhereol wdhout waivin9 0~ af(rcting any oFN~on, Gen, equ~ty, or r•~M u~:dcr or br virtue of fhis 6lortgsye, and !h? fu!! anwunt of each and e.e~y svth payment ahall (x ~m~ned~etely dve ond payal,lc ar,d ahoi~ b~~a. intrrest 1rc,rn thr datc tt~cicoE u~,t~l ~..,~d at tl~e iate o~ n~ne ~xr <antum ~r a~uiu n and to~i•th.•r v~~th such n~tu•ct~ sha~~ :;r s~•cw~•:l hy 1he hen o( th.s mor~gagr. 1. To permit, Comn.it p sufler no v~r+stc, i~npairr~cnl or dctrr~ore~ion of ta~d pro~~crty o~ any parl t{irreof. 5. To p~y ~II and singuia~ the coats, cherges ar,d e.Fxnsrs, ~niiud~~~g a ro~ac~nai;;e arromev's fce .v:d cosrs ef absr.aus of t~r!e, inc~.rrd or pa~d at ±ny fi~ne by ta~d MORiGAG:E, bcc.~use o~ in ~he everd o~ thc 1il~n• u~i ti~r per~ ol ~i~c s.~id MJRIG.~GJR tu du~y, pro ~~tiy a~~d f„,ir H~ilorm, ~~s~harge ^~rcu~e. efletl, tanplete. cu•nply w,th a~,d ab,Je by e.~ch e~:d e~rry N~~~ at~~~cle~.one, a-~~r.•~,:, •:es, co^d,t~o~~s. and cove~,a~~~i of s:,~d ~ ~c ~.~,sor~ note .+nd ~f,:s «or~yage any or e~ther, and sa d mst:. charges a~TJ rxF.~nses, aech a~~d e+r~y, ih~li l~~~ ~~n,~,~d~.:ro!y dae and payal~!~: wFicther or no~ +h~re Fx no~;ce d~- ~:~a~:d, anempt to collect or s~:t pr~:d~ng; end the ful; a~nount a1 eaeh and r.e.y wch p,~rn~rnt s!..~:~ L•~a~ u•rerrs~ 1rom the date thrr.~of umil pa~d a~ ~he o~ +u~~e par tent~m yer an~~~ n. ~nc! ~11 se~d cuits, cha:gea and c..,~•~~s ~.xv~rrd e~ pa~d. togrtl:er .~~~h ~uth uiteirsl, shall be seCu~ed by Ihe i~en of t1~~f mo~tps4je. 6. That (a) in the eve~t of any brcach o( this Mortyage or detav~r on ti~~ F.,i=t of t!,~• I;,JCTGAG~~P,, cr ,h! in the evc~t any of sa d w~r= of mo~ey ; h~~ein fltendd t0 bC l~OI Frt;rt~~.tly d•~.~ 1'v:ly F~d~d w~tl~.n Ih,rty i3')i de~5 ~ r~t d•P_• el~r S: n~. y:c!a'!y (x•CU ~:r cl rf ](t(~ pdjd~~@, w~ti.0u1 (~Cmdn(~ Os f10AC°. cr (C) in tha e~:enl each and evrry the shpv;at,ons, ayrrr:nents. co~fd:a~~ns a~id [ovenanrs of i.,.ii ~:;o~n,sw~y no!a and Ihs rno~tg,~ye any or e~ther a~e not 1.,1y, prompNy and futly perfo~~neJ Jscharged, exewrrd, elfec~rd, co.,~pirted, co~~~N!~ed v.ni~ and aL~d~•d Sy, t6e~1~n e~ther or any auch evrnf ~flr sa.d ag- qre`CJa1Q fu+n me~tt~On~ in Sa~d prO~n~;SJ~y note ihrn ~c•+r~a~rt.nQ unp,i~J, w+th ~ntcrr,t ac~~urd. „nd ~~i mpn~•~i i.•CUrcc~ here~y. i~;a~f btWm2 t~ut And pa r- eU:e (orthw~th, or thereaf!cr, al the oF+~~on ol Se.d AlUR1GAGEE, as f~~iy a~+d comp:~•tely as ~f a i o( t~~r sa;d .u~n~ of n,uncy were O~~g~naity it~pviatrd to be p.t~d on svch day, anyih;ng ~n s~.d prom~ssOry note w in Ihis h~ortgage to Nie tontrary not.•.,thsta•id~:~~~, .~nc} th,.•reupon o~ thrreof>.•~ a1 !he oyhOn of ss:d MORYGAGEE, v.;rhout nonce or d~:,,and, w~t at law or ,n equA~, th~~eiore o~ tl>er~•a!rer txyun, n,ay 6e prosecvted at if at! muners aec~red herety nad matured p~~or to as ~,.s~au~~o~. 7. Tha~ in ~he event that at the brginn~ng of or at any ~ime ~se~xl~ng any s~~t u~:en th;S Mort3aye, o. to loreclusr it, or ro re?orm it, ar to rnforce ~-aymem of any N.~~~rs he•e~~ed~~r, sa~d MORT~,AGEE sl~etl epp:y to ~Fe C. ~rt hav~::g j~r~sd c~wn th~ ~cof for the a;,;,o,nt~~~.;nt of a Rece,ver, such C.wrt sha~l fo.~hwith appo~nt a r^ce~.er ef sa~d mortgaycd p.ouerry a:i and ain~~.ar, ir.c~ud ~:g aN and s:n.3,.ar thr ;n~~n,P, pr,~f,1s, i~wes a~d revr~~ues fran whalever s:v~ce denved, each snd e~e~y of whth, rt beu~y express'y uridr~siu~~t1, ~s 1r.•~Ly r.~ortg~~)rd as ~f spM~titally set forth and d°SUitkd m tiie grant~i:y ar.d 1,.~bendum e~avses herroF, and s~ch Reterver sh~il have all the br~ad a~~d eifecr~ve Iunu o:~s .+~~d F~ur.ers in anyr:~se rntrustrd by e Cou~t to a Rea_iver, and s_;h acpointmenr shatl be made by wch Co~!t as an ad•,i~r~~ rqu~ty nnd a n.attcr ot a±nocu~c r:gh1 to said It'.ORiGAGtE, a~d w~rh~u? ~cferer~ce to the ~irquaey or inadequaci of the value of rhe p~o}4ity mo~t~agrd or ~o !tir so.vency er ~nsu:vency o1 sa~d MORiGAGOR ur the detr~+Jants, and that auch ~r ~rs, prof~ta, inco:ne, esa~es an~ reverwes ahait t~e app:~ed by s~ch Recv~vrr euardu;g tp rhe I~en o~ eguity of so~d MORiGAGEE and Ihe prachce of such Court, 8. To di~lv, p:oms>tly and f~i!y F~e~forn,, d~scha.ge, execute, efte;t, co~nplete, ca~~,pl~ wi+h and abide by eech and every the stipulations, agreementf, cundrtiona a~d covrnant: m sa~d pr.n~,~ssory rote a:~d Ntis m,:rtyaye s~t forth S 9. Thet in thc c.ent thc ov:n~nh,p of ~he mortgaged prem~ses o~ a„y part tncrrof, Leco•T~es vented in a person otf~er than 1F~e MORiGAGpR, the hl~R7GAG:f. irs svccessors ard ase:~ns, rnay, wi~hovt nonce tp fhe ,\;pFTv~OR, dcal w~th such suarssor a si~ccessor in ,~tereN w~th reirrence lo thia r,e•~gage and :bc d_~~ hcrz~r se.u~ed in the same ma:~ner as »nh !,1~r;~agor ,e,~thovt in dny .vay vli.at~~g or d sct~a•g~ng the ~dor!gegors' Gabiirty hero- ~^der or upon !he d•~bt he~..•;,,r s~cc~~~d No sa e of the Er~~•z.~s.-s hercb; ,nu~tgaged ar d no fc;Learence ~n tf+e pan Qf rhe /hORTI,AGE£ o~ its succrssors or assigna and no c~~c~~s~o~ ot the !::•~e fo~ the paymen; 04 tl,e de~~t he,~t.r securE~ g~vrn by the IdOR?GAGE~ o* ns successwa a uss~gns, s~~ail operate to re~ease, d~stha:ge, mod~fy cha~•ge or aHect 1he o~ig~nal 6au.,.ty oT thr h10RiGAGOR I~ere;n, either ~n vtiho:e or in parl. 10. It is apec:f~catiy aqrred thar time is of th~ essen:e of th~s co~vract and that no waiver of any oL:~gar~on nerrunder or of fhe obtigation se- cured hereDy sheli at eny ume thereaircr be heid to be a Kd~Ya'f ot the tenns hercof or of the instiument secured hcrby. 11. 1~ .;:id •o ,t,e :oreac n,on+h'y pay:r.rn•s of p.cu pat 3nd i:,r,,.. s! ~e:;u~rec) by tl~e p.~o~„ sscry •,e~~, s_:~r~•d h~•~eb/, mortga~or eovenants d ag._-es to pay se r.-eya;a.,e v.~rh each mon~hiy paf~ •ent ar. ati.i;~~o~al wm ~Se , d~ed b~ •,•~ors3~~ee ~o be e~.~uaE to 1 12 of r:~e an~;~a; cost of tlw foUow- ,7. A-Asi .ea' ~ c;;,.ry t~~_s ie:~e~ or ass~•s<cd eg.~~~~st ti,c above ~esc-~~~• : d rr a~ es~atc. B Fr c ~n l.~r and .~~ndste~~~, insu~arce as here~n reqv.red to be car:~•>d cn the imrrOveme~t= s:ivate on the above described premises. C-Fre~~-..;• s e•~ ~~eh ~~ort~;ae gva~anrY ~rlura• ce as morr~~~~•e shj',1 fru•- c^ e ro r,~nr ,ieern ft to carry on the ioan secured hereb~_ btor•qa~~ee S^,~+~' t~me to t~•~~e r^nf} .r~crr.,agor :n Kr~t~~~g of the ..^-o::•~t d,;e and payab'C hereund~r and SucF~. su•n sha~:I thereuWn be d~e and .~ab:e on rhr cwe ae•e c~ rhe nenr ~nonrh y pay n;nt and each s~;cessi~e ~SO~~+h n,erra't,r u~ mcng.~gee sha!I nof:fy mo~t~agor of a cnange i~ wch .-.~vnt. $~ch S.,~ns st-~ be a}:~p.~ed by mCrtgay~C te~xard the peym~ent of rea3 proFerty taaes, insurance prem.ums, a:~d inor:yaye cjuaranty ~niurancB .~•em~vms. IN Y~IiNi~S :•,H:R:O' fne sa'd A10RiGAGOR has hereunto set his har,d and seai ihe day and year first aforesa~d. ~ Sig , Seale ~d def:v in the presence of: fIlEO ANQ RECQ,ROEp ~r~./ St.lUC1E COUNl ~ F~~. r.. ~ ~ -c~•~> ROCE{l POITIlA= !1P i}~t~.v~L (S~nq - CLERK CRIf EO COU~ - (Seaq _ - - - RECORO VE ~Seaq STATE OF FLORIDA 5 3~ PM'~ I _~~~n oF st. ~~i~ , 2 0 7 0 6 5 Befwe me pcno~aliy appeared __J~3 H. Mendel, JI'• _ a~ _ - Mild2"@d R. ~ndel _ his wife, to me well know~ and known to me to be ~~e indrvid~sts desc~~bed in and who e~eecured rhe loregoin~j instrumeM, dnd acknaw:edged brfore me that they exec~ted tF.e sa~e for the p~rposes ~he.ein eapressed. And the said._-________ `-'~~r@d R. Mendel .,~~e of rhe sa~d -..JameS_H. Mer~de~ Jr.__ - upo~ a separate and ptivate e.am~nat~on by me ~aken separate and apert 4rom her se~d husband, acknowledged ro and before me that she ezecuted said insTru:nent freeiy and voluo- ~aniy and w:thoul a~y COT~iJiSlOfl~ censtrair~, apprehen~:on,A~ fear of or fr~m her sa:d husband, ~ _ WITNFSS m hand and off~ckai seal th:s. ~ Y ---~X--- day of_- GC - . A. D. 19 7~ - - t~l~~c- Notary Pu ~ in and for the State of Fjorida at Larg~ Rervrn fo: MY Com s~on expires: ~ ~i r" First Federal Savings 3 loan Assoc+at.on i,~~, j~, . ~i TurT P trCe ' ~1 . [~~,P . . _ _t ~ l. 1:.':t ~,•,~l~I•~l+~. . Fo~t Vi~rce. F.ar:da ' j`.,•• iy ' • - ~ . ~ ~ •j~~'~.. ~ +~`..:.~P'1 ` _ , . . . _ _ . . ..tr:.C~ ; t~~_ - ~ ,'4 ~ f ..r: . ~ h., • . ~ This Instrument Prepared By John Fl. CoI~~~~~:"~~p _r~':. First Federal Savings 8 loan Associat+on ~ ~~s ~ ,t,': ~ : of Fort Pierce ~ FloY'ida • ;~~Q . ~ ~1 Checked By ,'n S~?~~~,~~ ~l/liil i1 so x i gi 12?~ ~;s . , _