HomeMy WebLinkAbout2004 3. 1o p~ace and continuou~ly keep on the bui:d+~~gs now o~ hereaRer ~~tuate on sa~d ~and and on ali cq~lp nrnt ar.d pc~sonal{y to~e~cd b~ Ihis ma~q•
ege, w~~h sll premi~ms ~hrrcun pa~d in fu:l, fue insv~ance ~n ~he us~.al uand~rd j;o,~cy torm, in a num a~.Nro+rd by tha htuR:GAG:E, ~~~d w~ndsrorm
~nsvr~nce in the wusl s~anda~d pol.~y form, in a tum app~oved by tne MORiGAGEE, i~ such con,pany or campan,es as rhr ~.10RiC~AGFE msy
direch •nd aU (ire ar.d wirtdstorm enswance polic~es on any o) fa~d b~~~d~nga, any intervst ~herein or part thrreof, in ~he aygr~•ya!e w~n afo~etaid or
in excesf Iher~ol, ahaU comain the uswl irandaid matgagee cia~se or w:h odirr cl~vse as ~he blor~yayee may reqv.re, mak~ng the ,ois unde~ sa~d poli•
res, each and every, payab'e io smd h1pRTGAGEf as its ~nt~rast may appe.~r, and each and e.ery svch E:u :cy shail be pron,yily ass y~~rd and de:~.er.:d ~o
any held by sa~d MORtGAGEE ae (u~~h~r srcwity fo aa~d mortgage debt, and, not kss ~han ten (i01 da~s in .+d.snce of the ex~,~ro!~un of each pol~r/, ~o dn-
I,ver to sa~d MORTGAGEE a ~enawal the~eof, toge~her wnh a recr~pt fo~ ~he pr~m~um o1 svch ~ene~.a'; e~+J ri~rre s~~eil be ~o f~~e o. w~~:~sic+~n inswance
p~aced on any of said build~ngs, a~y mteresl ~hrreln o~ pa~t thercol, un!rss in the fo~m and w~th the ~oss F,ar~bte as afcres~~d; and in ihe e,renl any wm
of muney becomes payable ~nder s~ch po:~q a poLc~es said MORTGAGEE sh,~H have ~hr opt.on ~o recv~v~~ ~,r.d app:~ the sa :~e on acco~ ~t of tl~e lndrbr~•d-
ness secu.rd he~eby or ro perm~t sa~d MORTGAGORS ro rece~ve and use it or any p:,~r ~i,~~:_~~t ~c,r c-~~•. os~s, ~..r• _•,f ~h ~_r
~ng any equny, licn or r~gh~ under or by virt~e of this mo:'ga~e; and in ~he evrm sa d A10.~TGAGCRS sh~:t ~or any reaio~ ia~l to k~ep ~E~e sa,d pre~T;acs so
~nsu~ed, o~ fail to de~iver prwnptly any oi said po6~~es ef insurance to said MORiGAGfE, or p:c~r p:iy to F;ay fu;'y cny ~>rc• •::wn Jhc~rfor or in any
re:pect fai! ?o peafwm, d~scharge, execure, efiect, comptere, comply wrth and ab~de by th;a covc~~a~,f, or an~ p.xt hareof, s.~~d ~.1GRT'v.~G_E may p~ece a~a
pay (o? such insurance or any part thereof wuhout waiv~ng or alfect~ng any opt~on, Gen, ~quny, or r~,~M w:de~ or b~ vutue ot ih~s htorry,ge, a.,d ~hc
fu~l amoum o( each and every wch payment tha!! be immedrately due and pnyab!e and nh,,il b~~a. ;ntrr~st lrom the date ihcr~~oF unt~l p„~d al the rate o~
~~~:.e par centum per annum and to~rther v,~~h suth inre~cst shai~ t~e s=cured by the lien of rh~s mortgegc.
1. To permit, tommit p suNa no waate, impairment or deteriorar~an oi sa~J property or any part thereof.
5. To pay all and aingular the costs, charges and expenses, includ~ng a ~easonab!e arrorn,:y's frc a~~d cosrs of abstraus oi tIr%e, incurr~d or pa~d at
nny time by said MORIt',AGEf, because or 7n the event of tha f~~iurc on ~he part ol ~he se~d MORiGAGUR ~o duty, pro~~•Ntly a~~d fu,Iy p~~forn,, d~scna~ge.
_xecure, efiect, comptete, comply w~th and ab.de by euh and e~a~y :he stipulenons, agrrem,•nts, co•~d~~~o~~s, ar.d co.~e:~a:~is of s:,~d pro~~~>sory nae a~:d ~h~s
„ortga§e any or eirher, and sa:d co:ts, char9es and eapenses, each and e~e:y, shail bz ;m:nedwtc•!y due and pay~Ltc; rih~~eh~~r o~ no~ there be no~~ce d_~
~,:and, atternpt to collKl or tuit pend~nq; mid the lull amo~nt of each and every such po,men~ st:all ;,~~a~ f~~t~,rrst from ~he daie thereof ~nti1 paid at the
-,n.~ o+ n~~x ~r centum per annu:n; ~nd ali said costs, cha:ges a:~d ex;,~~~nea incurred or pa~d, toyefhcr ~,o,th wch ~ntercst, si~od be sec~red by the i~en of lh.s
mortgsge.
b. lbat (a} in the event of any breach of this Mortgage or default on tFr_ part of ~he t:.OATG.~Gt;R, or ;b) m the evcnt any of aa:d sums of money
here~n referred to be ~ot promptly and fvtly paid wnhin ~h~rty ~3J; dars ncat a>r.r the s.~•~~e se:c~a:y Lr.a,~,• d;c and pa,~e6!e, v.~il~o.:t de~~end or noric~,
cr (c} in the event each and every ehe stipu.atwns, a~rermen~s. cond,;:ons and covenan» o! sa d p~o:~~~s>~~y r.o:~• a~~d th•s mcrtg3ge any or e+ther are not
j~!y, p•ompt~y and fvlly perfonned, d,scharged, e~ecvted, effetted. coinp;eted, tonephed wnh and a~-~d~d 5y, thrn in e.ther or any s:::h event the sa;d ag~
3•egate wm men~ioned in said promissory note then rema~ning unpa~d, w~th inrrre;r accrurd, and a:+ n,oneYS srcv:ed hereby, si~ati becume due and pay~
forthwith, or thereafter, at ~he opr~on of sa~d h10RTGAGEE, as fuiiy and comN;~.ei•~ as it a!1 of the sa~d w:ns o1 money wc~e or,g~~,aJy st.pu,ated
to be p.+.d on suth day, anything in sa.d prom~ssory nnte or in lhis Mortgage ta Ihe tont~ary not.vithsta~~c!:.~g; ar.d th~•rel~pun or thrree!rer at tke oF~.on of
sa:d MORTGAGEE, wit~eout nat;te or demand, suit a1 law or in cqu~ty, therefore or thereafter begun, may bc prosetuted as if all moneys secured hereby
nad matured pnor to ~ts mit~tution.
7. That in the evrM ~hat at the beginning of or at any time pend~ng any suit u~n thia Mortgage, or to foreclose it, or to reform i~, or to enforce
FaymeM o( any cl~im= hereu~drr, said .1~tOR)GAGEE shatl apply to thr Covrt havmg ~~.,sd~ct,on therco4 for the apNOmtmem of a Rece+ver, wch Court shail
r~rthwith appo~nt a receive~ of sa~d mortgaged prooerty all and s~n9ular, incl~,ng aU and i~ng~ia~ the incon~e, y,~ci~ts, ~ssues ar.d revenues (~om whatever
s: ~•rce derived, each and every of wh,ch, ~f bemg expreas(y unders~ood, is hereby morrgaged as ~f s~>eol~ca;ty ser fo~rh and d~scnbed in the graroui9 and
h.i:xndum clauses hereof, and such Recei~er shall hava all the brwd and effec~~ve funcr,~ns and pof.ers m anya•~se entrusted by a Co~~t to a Rec..•~Yer, and
s. ch appoinrme:~r shju be made by such Cou~t as an ad~nitt~d equ~ty and a maue+ of abso:u~e righr to sa~d MURTGAGEE, and v.~nc~~t re~e~e~~ce to the
eci~quacy o~ inadrquacy of the va+ue of the p~oper?y mongaged w to the so:vency or ~11S4:4t~1Cy oi aaid :VtOR~GAGOR or the dr+e•~dants, and th,t wch
•~•~~s, prof;ts, inco~ne, issues and reven~es shall be appi~ed by sv~ch Receiver accord~ng to the Gen or rquny of aa:d MORTGAGEE and the pract~ce of wch
Court_
8_ To du'.y, prompr(y and fut~y perform, d~schargr, execure, eHect, compfefq comply wlrh and abide by each and every the stipu:ations, a~reements,
-~,~dirions and covenants ~n sa~d pro+nissory note and thls nnortgage set forth.
9. That ir. fhe event the ownership o( the mortgaoed premises, or any part :hereof, 6ecomea vested in a pe~son other than itie MORTGAGOR, 1he
:'~RTGAGEE, its succeswrs and ais:gns, may, without notice to the MOkiGAOR, deai w~~h wch successor o~ sutcessor +n ~nterrst w~th rrference to thi~
r•n•iyage a~~d ~he d.ot hereby sec~red in the same mar,ner as w~th Morr~agor wnhout in am~ way v~t.anng or d,schargmg fhe 111crrgago~i Gab~i~ty here-
~ ~^der or uFOn the debt he:eb,~ s~cured. No safe of the crerr~.,aes hrreby mo~tgaged ard no forbeara~ce on the par~ oi ~he ~AORTC_;AVEE ar in succc•sso.s
o~ ass%gns a~d no ewtens:on of ehe t,me ior the payment of the debt hercby secured given b{ the MORIGAGE`_ or ~ts succesior~ or ass.qna, s:~ail operate
ro re%ease, d~scharge, mod~fy ~hange or affect the orig~nal liau ;~ty af the M.ORiGAGOR here~n, eitt:rr :n vi,t~oie or in part.
! S0. It is specf~~atiy ag.eed that t~me is of the essence uf ~h~s contract and that no waiver of any ob :gef~on hereunder or oi the obliqatian se-
~ ccred hereby shali ar an~ hn,e rh~~~eatre~ be heid ?o be a wa~ver of the ferms hereaf or of the instrument xwred he~by.
f i 1. !n add r-~ ~o tiee fcrege ng ~.,norh`y payR,en~s of ~,~m.c pal and m!, riSt reqv~n;d by the F,~o:-, ssc. ue•~ xcured her•.b
- y ~ mprfy3~Jr ~OVei:antS
` agr.~es fo pay ro •r.o•rg~gee v~~sh each mor.~h;y pa f~ ent an add,r~onaV sune es• ated by moctyagee to 't>e ryua~ to 1 12 of t::~• a~i :uai cest of the foiio,n,-
i
~ A-AIt ~~af ~.roprrr~ ~3Ii2 lev~,d or asses~ed aga~~;st the aFove d~sc~lb_d :cal es•afe. _ ;
B-Fr:~~:. •~S o~ f~re and w~nLStorm ~nwraz ce as herem requ.r~ to be car~;e d en ihe ~m;.toveme~+s s~tuate on th.: aber~_stnbed premises_ 3
C-Pre~~~~.~n s o~ such mortg;;oe guar3nty ;eswa~.ce as morrgagee shatl fr~~,: t r-.e !o :.mr deem fit !o carry on t6e Ioan s wred he~eby.
I Mortgagee sha.' '•o~n t~~ree to time nonf~ me~tgagor m writ;n~ of the amo.n~ due and paydbfe he~eundar and svch suo~ s ~i! therevpon be d~e and
i :+.able on the c.'~~ da+e of the ne.t r?:Onih:~ payment a~~~ e~ch success~ve month t!~ersah~r ~r.t~t me~tgagee sha!! ~ot:ly mo+tg.~ ur of a change in su:h
o~nr. S~ch z.:~~s sh.. ti.;e app'~ed by morrgag=e to.~a,-d the payment of ~eaS preperty ta,ces, ~n urance p~em.u:ns, a~d mortg e guaranty insurance
-e ri~ms.
IN 1yf1TPlE~~ '.'N:RcOF. ihe sa~ AiORTGAGOR has hereu~to set his hand and scaf the da an ~ ~
? y Year (irst atoresa:d.
; , Seal an i in the preseRCe of: R~~ED ANO ktCOROEQ i
; st ~ucif cou~tr Ft~.
€ ~ ROGER PO~TAAS ~.~a-rnero uirragui ~'~`S`at~
: - . CIER[ CtaCUIT COUN~ - (Seaq
; - RECORD YERIFIEO / ~t~-
<<. " J' • .L c-• util (Se,af)
~~lc~ Pitllrla~CJL1I
; Ar~ 13 3 34 PN' ~ka?~
~ ~~ATE OF fIORIDA ~ ~ ~Ow~~^
f 'r j1(
".`.U1JTY Of St . LUClE' ~
Befwe me personaliy appeared _ R. Homero rlillrr0(~~ll snd
; _ ~A(7ela ~ltllrtn(,ul h~s w~4e, to me weil kr.oN;n a~d known to me to be
_ •he ind~v~duais described in and vvho execuved the foregoing i~strumt~r, and acknowledged before me that they exec~ted fhe same tor the purposes
_ ~t~e~ein expressed. Rnd the sa~d__~-_---.-_--AJ1Oela j~l~ilIZd9L11~__ - - -
` .:+se of ehe saed ______,____R Homero 1+iuirra~i,_~ upon a separate and p.iwte
i e.a,n~na!~on by me tairn separate and aperl from he. sa~d h~fband, acknowledged to and before me thaf she eaec~red said instru:nent freely ar.d volun-
ra~~~/ and w~tho~t any compu(sion, constraint, epprehe~s,on, yr fear of or from her sa~d husband.
~
WITNfSS my hand and ofF;c:ai seal this_ ___l~-__ day of____ rl A. D. 19-1.L
` ~
' ~ F i
Notary Pub,~c in and fo~ the .~tate f Florida,at larya
Retum To: My Comm~s~~on expires: ~~I~ .~j
r~ ~ ~
Firs? Fede.a! Sa~+ngs E Loan Assouar.on j C~ '
,,..u~~,. ,~~i~:
i O( Fort 1~.r;c_• . "
fort P~e~ce. Hcnda "`C~....
. ~ ~i
~4.~-i .t'-'.?.~; -
r:~ ~ ~~`•r=
a . ~ ~ • ~ _
• p : ~ _ `
t: _ _
Thi; Instrument Prepared By{ticharcl K. Kayes • p Q ~
First Federal Savin s & Loan Association . +7 ; ~ {
C, _
of Fort Pierce , .
9 Florida Z . ..~Q :
~sc~':
Checke~ By _ ~ Sj;?~E~~
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i
191 19~9 ~
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