HomeMy WebLinkAbout0420 J. To piac~ and conrin~~ouiiy leep on ~M bui'd:r9s now a hereairer ~~ws~~ on sa~d :end and on al1 equipncnt a~d p~.son~Uy covered by thif mcnq-
~ge, w~th all prem~ums ~hereon pa~d ~n fut?. 1+re ins~~anee +n rhe ~swt iteneisrd po~.ty ~o~m, in a sv.~ apwo~~j b~ ~he MOR~•:.AGEE, a~~d w~~+dir,xm
:nsurioc~ in ~Aa uswl i~a~da~d po1•cy for~n, ln • sum +DP~ay~ ~Y ~f+ +~~RTGAGfE, in such canpeny o~ cwr.pan:es ~s +ht A~ORTGAGE[ may
d~recr, ~nd ~II fire and w;~+dsrorm ~nsura.+ce pa~c:e~ on any ol sa~d bu~id,nys, any inrerss~ there~n or psrt thereof. i~~ the aggregare sum ~taes~~d o~
irt exceu thercol, il~all tontain the usual srrndard mwtg.+yee dause M such othet da~ss as tM Mo~tgagre may rcqu.rt. ~na?mq tne Icis vntJt? sa~d po~i-
des, each and every, parab!e ?o ss~d A~JRiGl~GfE ai in mte~.s~ ~+aY +ppeu, ar.d exh and eve+y such p:r:.c/ shail be prompt~y ass g~~cd a~•d dei-vered ~o
~ny held by aid MOR(GAGEE aa furtht~ secunty io sa~d ~»o+~gaye drui, and, nor less than ~an 1101 dayt i~i adve~ue of ~he e.p~~+~~~+ of each pol~cy, ~o d+-
I•.t. to said MORTGAGEE a~m~wal thereof. togeHKV ai~h a rece~pt iw tht prem.~m of such renewa:; a~~d ihere sh+? he ~+o ~~~e o~ v~~~~ds~o-~n insur~nce ;
Dlated w~ ol said bu:id~ngs, ~ny ~ntrrest iFere:n or pa~t ~he•eof, un!esa in ~he krm arxl w~~h 1he toss payable as afo~es~id; ~nd in the ever.t any sum ~
of money beco~*xs paYaole ur+der such poticy or pot~c~sa s+~d h10RTGAGEE sha11 have ~he opt.on to rece~vc and apply ~he sa~~x on a~cou~~t of the i~~drbi
d-
ncss sKUred hereby w a permit aaid MORTGACiOkS fo ~Keive and use it p any pa~t ttit+cw) fo. o:ner purF•os~~s, v,.si+-v.t thr~o: ~3 0~ r~i~o•r-
~ng any equ;ty, licn a ryh~ unde+ w by virwe o4 this mo:~gaye; and ~n the evem sa;d MOFiGAGORS shall !a a~y reascn ta~l to ke~~ +he sa~d prem~irs so
~nsurrd, a fa~l w deiiver p~cmptly any of sa~d pe~•e;e~ at insura~.ce to sa~d MORTGAGEE. or faa p•ompriy to pay f~~ly any p~e~mu~n ~herefo~ a~n anr
respec~ }si: ro perforn~ d~xhuge, eaetu~e, elfeu, complerc, co~nply wi~h and ab~de by tfi~s cove~a~~r, or +nY parr hereo(, sa~d k!ORiGAGEE may p+xe a~~d
pay for such inwrance or u+Y P+it ~!tie~eof w~thout waiving a?ilecting any op~ion, lien, equ~ty, or ~~ght under a b~ vinue of th~s Mwtgage, aRd the
t„It amo.,nt ol each and e~ery such Faymen~ shalt be imtntd'u~ely dvt and payoble ~nd aP~a~! brar ~n+er~•sr from the dare thereof unt~l pa~d a~ the rat~ 01
~•.ne pe? ce~it~m per annvm and fo~e~he~ v.~th such mfr~est shaf~ be srcurrd by the iie~ ef th~s mortgage.
To permit, commit cr suifer no waste, imp~irrt~ent o~ deteriorat~on o( sa:d p~o~rty x any parf theroof.
5. I~ paY all and s~ngvla? ~he costs, chargcs +nd e~penus, ~ncluding a re:,sonabtc aieane~•'a Fee ano cos~s of abstracn of utle. ~ncurred w pa~d a~
any ti~re by a:d MORTGAG'.E, bccavse or in the erent of the ta~lure .x~ ~F.e part ot the sa~d MORiGAGOR to dvly, prompt~y and fuUy perform, d~xharge.
earcute, effecf, comp:efe, co~r+~ly w~th and ab;de by each s::d every the stipala:~ons, agrer~»enrs. co~d~r~au. ~nd cova~ants oi sw~d pro~mssory no~e +~d th:s
-ror~aage ar~y or e~iher, and s~.d costs, charyes and expenses, exh and evc~y, shail be immrd~ate!•~ d~e and payab:e; whr~hrr or nut the~• be noT~ce dr
mand, attcmpt to colicu w soit prnd.ng; and the Full ~mount of each and rvay svch pa~menl shafi bea~ interest from the date eh'r~f until p~~d at ~he
~,,~c o~ n~ne per crntum pcr an~.~ n; and ail sa;d <osts, cnar9ea and r~;xnua ~ncwred or pa~d, toye~hr~ w~th such ~nte~es~, sFall be secwrd by the i~rn uf th,s
mcvtga9e.
6_ Thal (a) in ~he evcnt of arty breach of this Mwt~sge or defau:t on rhe part ot the MORTGAGOR. w;b) in thr ever+t sny of sa:d sums of money
heroin referred to be r~ot prompilr and f~i1y pa~d r.iehm th~rty t30; days ne?~ a`~ar ~he same seVera':y bcco~:e due a~~d ps~ebte, wi~hovt demend or nor~ce.
or {c) in ihe event rach ~nd every :ne sf~pv~atwns, r~~cernentf, c~.:~ons ar.d ta.e~unra of se d p~er.~~:so~y nore and th.s me~tgege any or e~~her are no~
iu!y, pron+pNy and futly pcrfonned, dscharged, eaecvted, effettcd, co.npieted, cwnpl~ed wdh and ab~ded Sy, ~ixn in a~her or any wch avero the sa~d ~g
3rcyate wm mem~orud in sa~d pra~~~ssory note theo rrn~a~n:ng unpa~d, w~.h :n~ere;t accrurd, and a:~ rrwneys secured hereby, shaEl become due and pay-
ao.r fo~thwirh, or rhereafter, at ~he opnon ot sa:d MORTGAGEE, as fulty and comptr~e:Y as il sll of ~hr sa+d sums of nwney were o+y~~atly st~putated
ro ba ~~d on svch day: anythi~g in se.d p.orn~sso+y note or in this Mo~tgage b the cw~erary notxithsrand:~x~; and therevpon a thereafte~ a1 the opt~oo of
s,:d MORIGAGEE, w~:ho~t noTice or ~emand, auit ~t law or in equay, tnrreiwe o~ therrairer begu~, may be prosecuted as if all moneys secured hereby
n~d ,-utwcd pnor to ~ts inst~tor,on. '
T_ That in the event !het ac rhe bcginn:r~g of w a~ any t~me pend~ng any su~t vpon thls•Mortgage, d to fwectose it, pr to ?efwm it, o~ ro enforce
payment of ~ny cieims hercunde~, said MORTG~IGEE shall apply to t!,r Cco~t having ~wad.c~~on iF.rrsof.for the appo~ntment o( a Rece~ver, such Covrf shad
forthwirh appo.nt a recr~~r of sa~d mortgaqcd p+cwrr~Y aEt a:id s:ngutar, inrvd.ng au a~~d s~ngu:ar. lhe ~~tane, prof.rs, ~ssues ar.d revenves 6om whatever
sovice derived, each and every of wh:ch, 6e~nq exp+esaly underseood, is here5y mor~gagrd as if spec~f~ca~~y xt {wth arv/ descriGrd in the grant~ng a~~d
hacer.dum c4uses hereoF, anc s~,ch Rece~ver shau Fuve alI ~Fx broad and efiecn~e fonct.ons and po..ers ip anYw~~se eror~ated by a Co~rt to + RecC:.rer, and
s~:h ap~ntme•~t sha~! be made by such Co~rf ~s an ad~-.itr=d equity artd a r+a~re~ of abw~ute ~ig~+t to sa:d MORTGAGEE, and wifhcut reference ro the
+.:>qvacy o~ inad ~vacy o4 th,~ val~r of rhe propeny mor~gaged or to ~he w•~~~cy or ~nsot~rncy of ;a~d MORiGAGOR o• the de'e~dants, and rhat s~,ch
r~-~~s, profin, incwne, ~ss~xs a^t! revcr:ues shali be app:ied by avch Recr~Yer accord:ng to the i~cn or equiry ot said MORTGAGEE and the pract~ce of svch
Court. ,
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8_ To duty, prompt!y and iuf!y pe~torm, d~scharge, excc~re, effect, compie~e, compty ~v~th and abide bZ_e~ch aqd every t1+e stipulationa, agr~ements,
;onditior.s and cowenants .n sa.d ptomissory note a:~d ~h~s mo~rgsge set foreh. ~ -
9. ihat in the event ~he owne~~hip of the mo~tgaged prem~ses, w any part tnercof, 6eco.^•+es vcsted in ~ person other than tFk MORTGAGOR, the
AARTGAGEE, irs successo•s and ass~gns, msy, wirhov~ nonce to ~he MORTGAJR, dea; ,ro~rh such wccessea O~ SVCCESSCH in interest with eeference to thn
mo'tgsge a.~d the drat hereby secv.ed in the same mannet as with blo.tgagor w~thout i~ any way vit:ating Or d~u1+~.ging the Mortgagori Iiao~Eliy here-
~rder a upon she dz•bt hrrel~ se.ured. No saie of ~he Frem]ses hereby nqrtg,sg~d ard no forbearaoct on theLFan oF tMe MORiGAGEE w its s~ccessors
or ass~gns and no e~~ers~on of rhe t~rr~e for the paymcnt of the deb+ hercby SK~red given by tFx N.OAIGAGE~ or ih successors w au~gns, s~~all operate
ro re+mse. d~scharoe. modfy change or affect the onganal liab::a~y of ~he !NORiGAGOP here~n, eithe: in whote w in p~rt.
10. lt is spec~f:cat~y agrKd rhaf time is of the essence of this co~tratt and thlt oo waiver o! e~y obtiga!eo~ herevnder w of the obligation sr
cv~ed herebY shaL at an~ time ~herref:er be he!d to be a wairer o+ tne terms hereof w of the :nst:~ment secured herby.
t l. Ir, aa i r:;~ ro rhe faeno n9 monrh'r paym^nts of princ pal and ~nt~rest req~s+rcd by the prom.sscry no!e sec~red here6,r, morrqaga+ covenants
;-~d a~r_es ~o pay !o * o-rgager v.~th ea:h monrhiy pay~:-ent an add~rional sum esT ~ a+ed br mortyagee to be equal to 1. 12 of the an :ua! ccsr o: the follow-
; .n~.
' A-Ah rcal proFx:ry taRas le.~~d or assest=d ag~i~st the a'~ove desai4-,e~ reaI estatc.
B--Frc~-•:~~-~s on f:.re acd w~^ds~or.n :nsu.ar~z as hr:em reqti:rrd to be ca~rSed e•~ rhr :~n~roveTents ::tuate on ti,~ above desc:~bed premises.
C-Pre~nw:• s o~ svch mo:rg ;ge g~a•a•:ty ~nsurar ce as mortgagee shail 'rcm ; me To t~m~ deer*i fir to carry on the loan secured hereby. +
~ 8,lortgagee s~-.' `-c•>+ ~••r.z ro T: ~•,e nc•~f, rrertyagor :n w.~t~ng of the a-:•o.,~r d.,•~ and Fayable he~eundrr and wch w~*+ iha!1 thzrzupon be due s:id
E :,ab~e w+ rhe dve a~~~ oi rhe ~~e.r month.y pay.~en: a~d each SJCCGSS~YQ rr.onrh thereah~r ur.~;; rr.c~t~agee shall not,fy morrgagor of a change i~ wch
t •'-"JUOT. SUCf1 s..rns s!•=.~ ::c a~~`.~~d h:mort a Pt ~o«ard tne ayment of rea~ ~o t~ taxes, mwrancr em.~ms, mwt a e uarant insurante
i~t Y 9 9- P P Pe• l P' 9 9 9 Y
••Cm~ums. •
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IN IYITNESS '::!1[R:C~ si~e said MORiGAGOR has hereu-cto set his h3r.d aed seai the day a ye first •fwesa
S~gned, Sea~ed a:d de'ivered in the presence of:
- f1~EO aNfl AECORFLA- ,n
' ~Ci1.cc-C rLd-rt/ ST. LUCIE COt1M?Y
~ ROCER P011R~S ~c. a~
1-- GIEkK C!RCUIt COURt ' a0
- AECORO YERtiF~EO ~ ~ (s~~o
~ ~ 3 ii P!S'11
S~ ATE Oi FLORIDA 2
~JUNTY OF $t~ L11C1Q ~ ~ 1
Briwe me persona!ly appeared _ JBS/ A~ $8l~1@ _ _
_ _ FZ~IICef R• $a~D~.@ his wife, to me we~t knov.n and k.wv?n to me to bs
+h, ind~v~dwls descr~be,~ in and who execufed rhe foregang instrument, and acknow:edged befare me that they executed *he aame tw the purpose+
~ ,,,p,,,: _ Frances R. - -
n expressed. And the sa~d_ Q_-
re of the sa~d - _~j~~~ , opon a separare and pr~wt~
~ e.a*n:r.atkon ty me taien sr.a~ate rnd apart from her sai hvsband, st~~owiedged tc snd before me that she exetu!ed ;a+d ins+r~ment f:eeiy and volun~
? raniy and v;~thovt any ce:nnvtswn, consrra:nt, aaprehens,on, or fear of a frem her sa~d lwsband.
WItNESS my haid and offic~al uai th~s_ _ day ef_ _ Jul A_ D. 19 71
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~s Notary Pub~K in e~+d fw t~ Sti e of F{orida +t tar ~
My Comm~s~~cn eapires: Ii ~I 7, '
t' i ,~~.~u f
~ ~ClTVrn i0: . ~
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First Feder~l Sa•rings 3 Loan Asmiat:on ~
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~ Of irt P ~-ee ~ . ' Z
~ iori P~r.•ce F•cr;d~ ' ~ ' i
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~ This Instrurrent Frepared By R2.C11aZd K. Kayes - - '
First Fede~al Savings b Loan Associa':on ' ~ ~ ~ ~ : i
~ ~ of Fort Pierce , Florida ~ ~ -
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~ Checke~ By ~ ~
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60Ut ~9~t ;
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