HomeMy WebLinkAbout1408 3. To place end conrinuously keep on ~he bu~'dingi now or hereaFter ~~~uate on se:d land a~:d on aH eq~ipmenl a~d pe~sor.~;iy co~.e~ed by thls ma~g• '
ege, wi~h ~I) premium~ tharoon pa:d in lull, fire inwronc~ ~n the ~sual standard po;~ty (orm, in a s~m aHpi~~ed by the h1Cvlt::,AGEE, and w~ndi~orm
~nt~rance in Ihe usuai standard c ~orm, in a wm app~o.ed by the MURTGAGEE, in wch company or Compan~el as ~he A:ORTGAGEE r.~ay
Vo~~ Y
d~rect; and all firs and winds~orm mwronce pol~ars on any of sa~d bu~id~ngs, any intcrest the~nin or par~ thcreoi, in the ay9r~ga~e sum alo~esaid or
in extess Ihereof, shall contain the usva~ standard mo~ig.~gre ci,~use o~ such o~her c~a~se as the Mer~gayce may requ,re. maAing ~ne ~oss under sa~d po~~
c~es, each and every, peyab~e to sa~d A~ORTGAGEE as ~h intereit ~nay ap~a~, and each and evc~y nuch po,~cy shall be promp~~y ais y~~~d a~~d detevcred ~o
any held by sa~d 1dORiGAGEE as fur~her sacuriry fo sa~d n:ortgage Jrbt, and, not lesa ~han hn t10) da,s u, advar.cr of ihc c.p~rot•on o+ each poi:cy, to da-
i;ve~ to said AtORiGAGEE a r~newal thereof, togNher wilh a reteipt fot the premwm o1 wch rener~!; and there s~~al! be no i~r~• or w:~~ds~orm ~nsurance ;
placed on any o1 sa~d build~ngs, any interes~ thcre;~ or pait the~cof, u~irss in ~he fonn and wifh ~he toss payabk as afcrewid; a~d in t1~e event a~y ium ~
of money becomes payabte ~nder such poticy o~ poLc~es s.+~d M~?RTGAGEE ~h.~ll have ihe oNt.on to rrc_~vr anJ aP4:y the sa~»e on ac.o~nl o! the indrbi~d• ~
~rss aecured ht~eby w lo perm~t aaid MORTGAGORS to reteive and uss it o~ any part ih.•:~•oi tur e:i.;. c,:~r; ;,s~ s, ...f~;_~,.t ~i*.•~~
~ng aoy equ~ty, lien o~ r~ght uncler p by virtue of th~s mcr'y~ge: and ~n the evenl sa d MORTGAGORS sha;l for any ~aason fail to Keep ~he sa~d prem;sc-s so
~nsured, or Fail ~o del~ver pranptly any of ss~d pol~c+rs oi ~niurance to aa•d MORiGAGEE, or ta~i pro~.~ptly to pay fu~ly any p:e•n~um thr~cfor o~ in a~~y ~
respect fait to perform, d~scharye, eaecute, effect, canptetr, co:up!y wiih and ab~de by th;s covena~», or any p.3~t ir:reof, sa~d MURTGAG'_E n~ay p~ace a~~d i
pay for such insurance or sny parf thereof w~thoul waiving w affec~ing any opt~on, lien, equny. or nqht u~:drr or b~ v~r~ue of ~hls 1No~+g.+ge, and the
t,;ll amount o( each a~~d e.ery s~ch paymeM shall be im~nediately d~e and payable and sha11 lxar in!rrrsi fra~~ tha date thrrco( undl p.,~d at the rate o1
n. ,e par crntum per annum and to~rlha~ with s~ch interc•st sha~l :x srcured by 1he lien ol th~s mo~tgage.
To permit, mmmit or sui(er no waate, impairmcnt w deter~oration ol said prope~ty or any par~ rhereof. - ~
5. To pay all and aingular the costs, cha~ges and expenses, indud~ng a rrasonable atto~ney's fee and cests of abstra:ts of title, intuned or pa~d at
aoy ti~^e by said MORiGAG'.E, becauac or in the evem of the 1a:iure on tha part of the said A1•JRiGAGJR ~o du,y, p~u~~pHy and fu~ty p~rform, d~xnaige
~.~•cute, eHect, complete, co~nply w~rh and ab:de by eech and every ihe stipvlat,ons, agn•e~»~~nts, cond~~~o~~s, and co~e~+.+nrs of sad p~o~n~,so~y note a~~d ~h~~
„orsgage any or enher, and sa:d costs, charges and expensas, each and every, sha~l br- immed~atrly due and payab;r; wheth~r or not rh~re be ~ut~ce da
ma~d, ane~~~p~ to cot~ec? or wit pend~ng; and ~he (~It mnoum of each and every such paymrm st,all [~PJ~ inrerest from fhe dare thereof unri~ pa~d at the
~ o~ n~ne ;:er c~n;um ~nr am~u:,r on~ afl said cos~s, cha:ges a~~d ra;,..~~:sea ~rxwred or pa,d. ~oyrr+~r~ w~th such u;~errst, shoil be securrd by ~he I~rn Of th~s
motlysge.
6. That (a) in the event o~ any breach of this Mortgaqe o~ defauit o~ the p~rt of the A10RiG~GOR. or ,63 ~he event any of sa.d sums of money
herein referrrd 1o be not pro~nNtly and fully paid w~thm th,rty i30) d~~s ~ext art.~~ the s. ~>>r s~~:c a`y teti•~~~e d~e and paya6!e. w~thout de:r,a:~d or not~ce.
er ;c) in fhe e+ent each a~d evr~y the stipulatio~s, agreemenu, cond~t~ons and covenanta of ia d•.ror:uaso~y not~ and ths mortgaye any or enher are not
~uiy, promptly and 4vliy perfo~mrd, d scha~ged, eaec~ted, eftected. compte~ed, co:npi,ed w~?h and ae~d_•d 5v, then in e~the~ or any svch event the sa~d ag
3.egate sum mentionecl in 3a~d pro~»nsory note thrn ren:a~n~r.g unpa~d, with i~vrrest accr,;ed, end e.i monc~s securi•d hereby, shai! txco~z~r due and pay
ao,e lorthwith, or therea'rer, at the opr~un of sa~d MO~TiGAGEf, aa f~ily and comple~cly as il ail ef ~i+r s.~,d s~ms oi money wcre ong~na~ly s~~pu,aTCd
ro be pa:d on such day, ariyth~ng in sa d p~an~ssory note or ~n th~s Mortgage to ihr confrary nu~..ni,sr~~,:.+~ ,g: ano rt~~i~•upon w thrrca+rer a~ the op+.on of
s~.d MORTGAGEE, v.~+i,out nonce or drma~~d, sv~t at law w in equrty, ~herefore or therraitrr b~_~un, n:a~ be proaecured as if a'.1 moneys ~ecurrd hereby
n~~+ maturcd pnor to ns ~nsnt~non.
7_ That in ~he event rhat at the beginn~ng of w•t any time pend~ng any surt upe~ ~h~s Mo~rgage. or ~0 lorec!ose it, or to reform it, or to en(orce
~.~.ment of any c~a~~ns hr+eunder, sa~d A'IORTGAGEE sha~l app~y to tne Co~rt havn~g lu~~sd~cr~on ti:~•:eo! to: ~hr apN~~nt~nenr ot a Rece~ver, :uch Co~rt shail
fcithw~th appoint d receive~ of se:d morfgagi~d prOUerty ai: and Singula~, int;vd~~g d~l and s~nau~~ar the ~ncon•e, pruf,ts, ~ss.res and revenvea from wh.~tever
s~ .:•ce derived. each and rvery of wh~ch, ~t be~ng exp~esa:y ~nde~s!ood, ~a 6ereby mor~g,egrd as ~1 spec ~+ca~:y set fo~th and descnbad in the g~ant~:ig and
h.jt•endvm uausrs hereot, and such Rece~ver shatl have a~1 the broad a~•d effec~+ve f~r.ca ons a~,d po.rers ~n any.v~se enr~~sted by a Cw~~ to a Reieiver, a~~d
s ch appa~ntme+v shal~ b.~ made by s~ch Co~~t as an ad~:itted equ~ty and a rr:atrer ot absot~te r:yfi~ to said M02TGAGEE, and w~theut refe~e~sce to the
a;:eqvaty w inadequacy of ~he valie o4 the proFerry mo•tgaged or to the so ~•enc~ or ~~,sv .ency ol sa~d Mf`iRiGAGOR or the de~e:~cia~~fs, and ~hat s~ch :
~s, prohts, ince~ne, iasves and reven~es shal! be appued Gy s~ch Rec~•~rer accord~~~g to the lien o~ rquiry ol sa~d MJRTGAGEE and the prauice of s.:th :
LOJI~. ~
9. To d~fy, promp~:y and ful!y pe~~e~m, d:schargt, exec~te, eF!ect, com,~:arr, co~nF,'y wfrh and abide by each ar.d every the st~~~:ations, agr~¢ments,
.c•~d~nons and covenanrs :n s~~d proan~ssory note and ~hs rt~or,gag> sct for:h.
9. That i~ ~he ev~^i fhe owne~sh~p of tne mortgnged prem~ses, or any part t~rrecf, becares vested in a pe•wn other than the MORTGAGOR, the
l.'`RTG4GEE, irs s~ccrssors a~:d asa~gns, may, wirnout .~unce to the ~',JRiGQOR. dca. .r~~h sech svccrssor or wccessor ~n interrst w~rh reierence to th~s
^e•~gage and Thc d_~~t hrrrby secured in the same manr.zr as w~th f.'.c:tgago~ w~+ho~t m any way v~t.a~ing or d~sc~:ary~ng the Morrgagors' Gabu~fy here-
~ drr o~ upon the d~•~+ ~rre.~r secu~ed No saie ef tl:e Frr~.~s~s ha.~~by ~~~~~~ydy.•d ard ne to~~ea~a~ce en the part o+ the iAORIvAGfE o~ irs svccessors
o• ass~gns and ~o e¦:ers o~ o~ the time for the pay~~~ent ot the debt h~rcvv src~.ed g~vcn by the N~ORTGAGf`_ or ~ti s~ccessors or ass gns. ~~•a!I operate
~o re~ease, d~scharge, mod,fy char.ge or atfect the or~g,nal Gau ,.ry of ine MORiGAC,OR here~n, ather m wF.oie or i~ part.
1Q. It is ~pc: fic3!Iy ag.eed that tfine ~s of the essence of ~h~s co~~±.acf and rhat no wai:er of any Ob'~gat:on hereunder or of the ob'igation sr
cv~rd hereby shal~ ar any h~,e thereatter be hetd to 6e a wai.er of the te:ms ne~eot o+ of the ir~strumem src~.rd he~uy. ~
e
ll. In ,:.i:{•, i•O Ihe fO~e9C;::~ ~•~.Cnth`y t;ay~r_'n~s o~ ~~ri:~:Cpat anc~ ine~•rc5' rv~~u~;cd ~:•y tf~e ~.•or,~ssCry ~~O'o s~:_.,•~~d hc..i,/. mor!~3~:x COVe~ant5
d agrees +o ra~ eo . o~tgagee ~nrth eacF. r,•.;mh y F.ir, ent an .;ti:i r:anai su•n ~ c• .,,'•rcJ b~ me't~a3ee ro be e.;.:ai to 1 12 of r,~e an~,:.~! :ost of the to:low-
,
A-All r~ a: rop•,•ty tax:s ~ev~~ ~ or assrssc:i ~y .s` rh._ a~o:e desc:~.= d r 3~ es'~te.
6 r~_ s en I~re and w~ndsro ~n insurarce as i~rre~n r,q~.red to be ca•rud e•~ !ne ~m~rave~:r:~ts st~ate on the above desc~bed prem~ses.
i C-Vre^~ s o~ such mert3 :qe gua•amy ms.,ra~ ce as n,o~Ty.~.;~e st,~It !r~•• .~-e to t.•~~~ d.e:n f~t to carry on the ~oan se:ured he~eby.
' ~
Mo~tgegre s~~ : t~ ~~e to t:^~e nor mc•rg;ycr :n ,n.r,t:ng cf th? a•~~.o~~~~ u_,c and payai~te hereu~d~r and such su n sF:a[~ ih~•reupon be due and
' .~ble on the c:,e a~•e er th~ n_~.r~ ~^enth.~ p~~•.~_~nr and each succesvve •.•o~~h rhe~Fatr:•r w t~i morrg.~gee shall not:fy mo~taagor o4 a change in such
~ .~vnt. Suth s. •u sh.: :;e apF, ~_d hy rno~igeg_e tovva~d ti~e payment of real prope~ty taxes, msurancr ~2T.UTS, d:•d rr.orty.~ge guaranty inaurance
~ r~e~*~iums. - .
E IN Y11TNE~5 :'.Ncp_O~ trte sa•d MORTGAG<`.R has here~nto set his hard and s~-si ihe day an year first afayesa~d l
= Signtd, Seated an~drl:+ered ~n the presence of: F~~~C AND RECORQEO ~if
~ _1 L a 1~. ~ _ ST_ IUCEE COUNTr FIA. ' t" t~a4
~ ROC:R ?OITRAS ~~a~~
E - - _ CLfRK CIRCUIT COURT ~ ---'S - ` ~Sea4
RECORO VfRIF1E0 ~-s~~~ ~
' _
;
g ~ - - - Ai R 1 ~ O ~ ~11 ~ 1' (Seal)
~ S~AIE OF FLORIDA ~
~ St . Luc ie
~ ; JuNTY Of _ - F1 V • ~ ~ ~
r Befwe me persone'ly appearcd r'a'Z'1 I'. Sa'"er~ Jr. _ end
r Barbara L• 53UP3' _ h+s wi{e, to me well known a~d known to me to be
~ rhe indnid~als desc.ibed in end who exec~ted the forego~ instrument, and ackr.ow~edged before me that they exec~ted the same for the purposes
~ +r:e•e~.+ eap.essed. And the sa~d---- ~arbara 1.. 53311@T
Carl L.
~ Sauer Jr.
~ ..:fe of the sa~d - -L-- - - ~>^,on a seps.ate and pr~v~te
~ e.am~nat~on by me taken seoa~ate and apart iro~-+ her sa:d husband. ack~owiedged to a~d be}ore me tnat she exec~!ed sa~d inStf~mQnt free~y and vaun-
,s ~a~~~y ar.d w~thout a~y compulsion, con;rraint, apprehe~s;on, w fea~ of or from her said husband.
~ ~
- WITNESS my hand and offica! seal this_ _____-(~.,s~___-_ day of_ Ap~
1_- ~ A. D. 19 ?1
X _ _ ~
_ Notary P~bSic in and for the S~ate of Fbr.da at Large a
tity Comm~ssio~ expires:
_ Ref:;+~ to: ~~,,•r"'~rt~~.~,~ NOTARII PUBUCr STAiE OF fIORIDA AT lAR6E '
_ F~nf fede.at $av+ng3 3 loa~ Assoc;at,o~ Z MY COMMISSION EXPIRES SEPT. 23, 197s '
oi v~•~~ ;~~c•~,.•••.•••~.~`'~,'•,~ • 60NDfD fHlGl FRFD M~ DIESTElHO~F `
' ~ . _ ~ ' - :
Fort P,erce Flc~..:.j ~ ~ , ~
~ Q: ~ ` .
_ f! .'1-~f )i` J+:i ~
~ .
This Instrument Prepared By 3ohri 5~~~~~~ i, . ~
~ r ._Ji~"Q : , ,
~ First Federal Savings 8~ Loan Association ~ • ; ~ `
,
~j o# Fort P~erce ~ r lorida ~ , _
~j ?
, ,I~~~~~~~~111\~~~,,`
~ Checked By
sooK i9i 1~4Q6 l~S
_ ,
_ . _ _ _ r _