HomeMy WebLinkAbout0416 3. Yo plic~ ~nd con~inuously kcep on the bvi'd~ngs now o~ h~reaerer s~waes on ia~d i~~d ~nd on atl eq,,~pment u:d per~or~tly cuve~cd by ~h~t ~npt~
sys, w~~h dt prem~~mi thrrean pa•d ~n full, t~~e ins~ranct the ~s~+l s~anda.d po~K~ torm, in a ~rWovrd b~ tiu tAOR:G.:GEE, anJ w~~+d:~am
insuranct in the uswl t~arxlard po~.cy }o~rn, ~n a svm app~oticd by i!ie MOiiGAGEE, in wch tompany a t~npa~~es as ~he MORi"vAGEE may
d~rec~; u+d all fire a.tid w~nds~o~m ~nsv~ance polK~ea on any ot s.+~d bu-~d.nys, any in~eres~ therein o~ par, tha~toi, in the agg:cya~e s~m afo:esaid w
in eacess Ihereof, shsfl contain rhe ~wal sranda~d mo+~yagee cia~se w such onc~~ (11~SS ss the Murfyagre may rrqv.re: mal~~n9 the ioss u~ida sr~d po~~
c~es, e~cA and every, payable to sa~d A10R1vAGEE ss ~ss intrrru ~nay appeu, and eac~ a.~d eve~y auch Fo:~c~ ihall be p,ompuy assgnrd a~~d de~~Yarrd ~o
•^Y ~~d bY s~~d MOR(GAGEE ~s fu~~hr~ security ro stia~ mortgaye d~•bt, a~d, ~w~ !ess dn.n ten (101 days in adyance ot tha expua~~a~ ol csch pot~cy, fo dc-
I,ver to said MORTGAGEE • rertewa! tt~creof, ioqerhes with a rece~pl fw IAr p~e~.eiur~ o! tvch renrwal; and tha~e shat' be no f.re or w~~~ds~o~~~ ~~s~~ante
p4ced on any of sa:d twild:ngs, a~y mtrreu thero~~ w pa~t +hercof. unte~s in iine lorm and w~+h ttu bss peyabie ai aia.esald; and in rhe rYCm any sum
ef money bcconxs payab~e ~nder such policy or poi~cies sdid MORTGl.GEE stiaU h.ve tt.e opt.pn ro recr.ve a~~d apr!y rhe sa~,K on acrount of the i.xleb+rd-
ness sKU~ed hereby w to ;.armit said MpRTGAGpRS ro rece~ve and use il p any pa~l thr~rof fo. o:i.c. Hurrescs. o,:~hwt ~h,~,u~ .~..,.~:g or
ing any equ~ty, lie~ p rght under d by virtue o) this ma'9age; u+d in ~he ere~t sa~d NWRTGAGORS shall for any reason iail to ksep tAe sa~d prer~~~ses so
~ns~r~, pr tail ro de+ive~ p~omplly any of sa:d oolK~ef of insurance to sa~d MCRiGAG[E, a fad promptly to pay lu~:y any pre~n~~m Ihcrrfo~ w in any
reipect fail ro pe~fw~+, d~uhugq eaew~e, etfccl, comptetr, comply wi~h and ab~3e by th~s cove~an~, o~ any h,rrcot. s.+~d MORIGAGEE may piace a.~a
pey iw such imuranc~ or any part Ihe~eo( w~ti?o„~ waiv~~.g w affecting any opr,on, Ifen, equ~rr, oi n~ht undr~ or Sy v~rtue o1 eh~s Mo~+yege, ao~ ~he
t~U ar.w~m of each and e.e.y such paymen~ shall be lmrncd'utely d~e and pa~able and aha11 bea, inrrrest from ~he date thrreol un~il paid a~ ~he ia~~ ol
~.~~~e per ctmum ~v annum and tu~r~her w~sh such iote~e~: shai~ tx srcured by the lien of this merrgage,
1. To permi~, cpmmit oe sufFer no wastr, impa:~~.rt w deterioration of said prapr~y p~ any pa~t thereof.
5. 7o pay att snd s~ngutar the costs, ch~rg~s and expenscs, ~nclud;rg a arasonabte atrwnry's fee and costs oi abs~ractt o( utle, incurr~ o. pa~d at ~
en~• time by said M4RTGAGfE, bccause o~ in the evM? of the fa~lure o~ tne pa•t of ihe aa~d MORiGAGOR to duly, M~~:N~ly a~xl f~:ty pr~fwm, d~scharg~.
e~rivt~, effec?, canpiete, comply wul: and ab:de by each a:~d erery Yn.: srip~~lartons, agreemrnts, cond~trons, •n:t corenan~: of sa~d prom;uory nae and rh;~
.rungage ~ny or e~ther, a~d sa.d cos~s, thargK and expenxa, each a~d eve.y, :hall be immed~ate~y dve and payab~e; whrtF.~~ or not ~here be nor~ce d> ;
mand, auemp~ ro coliect w svit pend~nq; and the fu:l aenount ot each ar.d e~ery aucn payment sha11 bear Intcres~ from the date ~hr~cof ~ntii pa~d sl ~he
:.~!e o! ::~~x fxr cr~vum per em~u:n; an~' aN sa~d to~ts, cha~gea and eY~nsrs incurre~ ~ pa~d, toye~}~ar wah such interett, shall ba se~o:rd by th,. ?,en of th.i
mw t~a9e.
6_ TM~ (a) tn ~he evcnt oi any lxeach of this Mortgage w defauls on ~M part o( the MORTGArpR, or ,b) ~n ehe event e~y o~ sa~d sums of money
hrrein ~efe~~rd eo be r~ot pranprty and futly paid wirhm ~huty (30) days neat a:rer the same sevc.a'iy brcomr d~c and payaWe, witF,out demand o. oo~ltc,
er in thr evero each and every the stip~ia~wns, agreements. cond~t~ons and covenanb ot sad prum:iwry optr a~~d th.s mo~tgage an~ or e~!her sre not
iuly, pro.np:ly and lully performcd, dnchargrd, eaecuted, effKted, canpleted, compKed w~sh rnd ab~dcd Sy, then m e~thar or any such event the saad ag-
arega'e sum mentioml in sad promissory note Ihen remaining unpa~d, with •ntr~est xtrued, and ael monrys secuced he~eby, shall brcume d~e and pay-
io e forttiw~th, cr ~hcreafte~, at the opt~pn of said MQRTGAGEE, as fu:ly an~ comp:etr'y as il a'1 0~ rf.r se~d :vms of money were ongirusly sr.p~;ated
re be pa~d on such day, anyrA~ng ;n sa.d p.om~sswy nore o. in th;s Mwtgage ?o the comrary notw~ths~~nd~~,g; and rhrrevpon or ~hereafrer at the opf;on of
sr.,d PdORTG4GEE, v~~~hou~ r.er~ce w demand, suit at law w in ~qu;ty, the~efwe or ih~reaiter begun, may be prosecuted as if all mw~.eys secured hereby
nad maturcd p~iw to ~ts in:titut~on.
T. That in the event that at the bcginn~ng of or af sny Gme peRd;ng any su~t upon rb;s 1Nortgage, p to fwcciox it, or lo refwm it, o~ to enfor,e •
paymc~t of any cla~ms hreundrr, sa~d MORTGAGEE shall apply ro!he Cour~ havi~~g ~~r~ad.ct.on ~hereof for the appo~ntmeM oi s Rece~re~, such Coun shail =
ir.rhwith appo;nt a rece~~er of said mortgaged prooerty alI and singular, inci~d~g a~L and Sin~uiar ~he inconie, G:of~ts, issues and revenues fr~m whater~r
sou.ce derivrd, each anci evey of wh.ch, it be~ng expressly unde~stood, n hrreby morryaged as if sprc~ficatly se1 iath and dexribed in ~i?e graming and
h~bendum cla~ses hrraof, ar.d s~ch Receiver shal{ have a~l the tvoad and ef(ecnve iv~+cr•e:~s and powers in anyw:se entruated by a Court to a Receiver, and
s. ch appoimmem shait be msele by s~ch Covrt as an ad~nirred eq~ity and a mane. of absat,;rr r;gh~ lo sa]d MORTGAGEE, and wi~hout reterence to the
ndequacy x inadequacy of the value o~ the propertY mor:gaged or to the so~vency w~nso:vrncy o( sa~d MORiGAGOR a the defendants, ar+d tha~ such
~e~rs, prof~ts, inco~ne, issues and revenues sha~l be applied by such Rrceiver a:iord~ng ~o the t~en or equity o( said MORTGAGfE ~nd the p?actice of s~ch
Cuurt.
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8. io duly. promptfy and (~Ily perform, discharge, e:ecute, effcct, complete, cort~ply vv~~h anJ abide by each ~nd every the stiputations, agr~ements, '
conditAns and covrnants ~n sa~d prom~ssory noTe and this mortgage set fwth_
9. That in ~he event the ownerihip of the mortgaged prcm~ses, or any part fhereof, 6ecomes rrcsred in a person other than fhe MORTGAGOR, fhe
h'~RTGAGFE, irs succeuors ~nd ass~9ns, may, wirhovt noticc to the MQRiGAOR, deal w~th such successor w s~ccessor ir. ~nterest wi~h rafcrence to this
To•fgage a~d ~F+e d-bt herebr secu.e~ in the same manner as w~th llM1ortgagor w~thout in aoy way vit.a~ing or d~xAarging the Mortgagori GabilAy here.
~~der or upon ttie debr hereby secu.ed. NQ sate of the prem~ses hereby mongagrd an~+ no forbearance on the part of Ihe N1pR1GAGEE w its succeasws
o- ass~gns and no exrens~o~ of fhe t~me iw ~he payment of Ihe deb~ hercby sccvred given by the MORTGAGE'_ or its succasas w ass;gns, a~w~t operate ~
.o rr!case, d:scFurqe, m.od;fy ~!,ange o~ aftect the origmal Iiab~Gty of tb- MORTGAGpR nerein, e~ther in whole or in part. f
10. It is sped(;ca:ly agreed that time is of :ne e:sen~~ Qf th;s connact arw thar no waiver of any ob~~ga~~en hereundes or of the obligation se-
c~red hereby shal~ at any Gme rhereafter be held to be a waivcv ef the terms hereoi or of tne instrument secured herby_
I1. 1n ao~ !:o~ ro the foiege ng mo~th•y Fayments of princ ~al and intrrest requ~red by the pro.m'.swry no~e secured herebf, mortgagor ~ovena~ts
a~~d agr~s to aa~~ ro n,orrgaqee ~wrth each momh!y Fay~~enr an sdd~riooet sum esr:n~ared by mongaq¢e ?o be eq~a1 ro 1!2 of rhe annual coat of rha foiiow-
,r•^y_
A-A!1 rFLI prope•ty taxes le.~ed or aasrssed ag3inst th.~ above desvibcd real et~ate.
6-FraT.;:, ^s on f~re and w~nd:rorm msurar.ce as nere~n requ:rrd to be canied on th~ ~mrrovem.ea!s rtuare on the above d:scr~bed premisea.
C-Pre~~~~~- s o~ such mortg3ge g~aran!y ir.sura..ce as morrgagee sha~l from. rme ro nme deem fit to tarry o~ the toan s^cured hereby_
btw~gaoee sna:i i•om ~.~ne ro t~me nc.~fy rr,ortgagor ~n wr,t~ng of ~he amount due and payable herrund.~r and such surn sha!1 thereupon be due and
._,ab!e on rhe c?ue ca•e of rhe ne,r mo-+th;~ paymenr and each svccess~ve monrh rF~reaf r ~r.til mor;gr~ee shall not;fy mortgago~ of a change in such
~,~~t. Si;ch s...hs sh> ~e appaed by morrgagee raward rhe paymenl of real properry axes, insurance prem.ums, and mortgage g~aranty insurance
:'-e^'i'vT.3. -
IN Y11TNE5S :':HfR~()F. tne sa~d MORTGAGOR ha: herevnlo tet h+s hand and seal t day and~
jear P st aforesaid.
S;g~ed, Seated and 'ivered i the presence of: FILEO AkD RECORDEO ~ J
_ ST.ll1CIE COUMTY FLA. ~U " ~ Seaq
ROCEq POITRAS ~Q'
- - ClERR ClRCWT COUA1 ~ t5cat)
_ - RECORI~ VERIFIED~~ 1...
- . - ~ ~ ~ 7 ! cs~.n
J~. 21 3 ii PN T I
S' i E Of FtORIDk ~
u_
~~ur.,nr oF ~t. ~.ucie ~
Befwe me personafly appeared lZ0;8:1C1 . 1':310 ~~r~~V
~nd
- ~~a~~ if 3~~ _ his wffe, to me wel! krwwn and known to r..e to be
~ i:,d~vdw~s dacr~bed in and who executed ihe f«ego~~j instrument~ snd acknowiedged before me that they executed the sams for the pwposas
••ein e~pressed_ And the sa[d_ l~3jh~~ l•:310
j. of tfie sa~d ~ R022T:t~ :'~3? O . . .'•r . ~ ' .
upon , il~r~ aAd pnv~M
e.a-n~nat;on by m~ ta4en xparate ar.d apart frorn her sa~d husband, ackraw~cdged to and before me that she executed said irtsrrume~k ~reelr rot~-
~a-~ty aod w,tho~,t any compLls~on, constraint, apprehens +~or fear of or from her said husFvnd. • -
WIT~,iE55 my har.d and offic~al seal th~s_.- day of_ '~u c'~ p~? ~
_
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Norary b4c in and fw t S:a! o~, f~ ~t laj~!•' -
My Com ~ssioa e:pires: • • C,
• . ~ . ~ ,
Ret~m To: NOTARY RUBLIC STATE f~F ~QR~ Y ~
F~rst Feceral Savings 3 loan Assoc~at:on ~AY COMMISSION EXPiRr ~:1Z ~~r U • s ~ j
' {
4f Fo., P.•c• GEHERALINSURAI~iCEUNp~RtYRITER~~~,•. s
FG~f P~rrce. F:.,~,;/a S. `
3. 1- 7J~
This Instrun~ent Prepared By :tich3: d Y.. Y~ye~
First Fede!a! Saving: 8 Loan Association
of Fort Pierce~ :'~orid3 t
Checked dy
R ~94 ~16
~o~~
z~:.
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