HomeMy WebLinkAbout0424 3. To placs and covinwusly ke~p on ~n~ bu~:d..~qi n~w w F»r~aft~r ?~Iwr~ on tia~d I~nd and on ali equ~pmem and ~e~~onally tovarcd by this monp• •
+g~. w~ih •il pem~v~n~ ~hrrcon pad ~n l~ll, f~~r uUU~~ncf .r ~ha vs~~i sran.iard pci,cy lam, in • ~.,m eH~o~ed br ~he MJR~i.AGEE. •r,d w~:w~tam
;ntur~nc• in ~he vwal sraida~d ~i.cy fo~n~, In a~~~n sppro~cd by ,~he MuRI(}AGfE, in ~vch caopiny or ~o~~pan~ei at rt~e M021GAGEE may
d~recl; ~rsd all tire ~~d w~nJs~~nn i„ivrance pptK~a• an any of •a.d lwdd.~yi. ~ny ~n~e~eat ~he~e~n o~ p~r~ thr~rc.l, in Ih~ aggregate w~•~ •fo~efa~d or
•x.ess ~Aereof, ~hs11 co.~to~n ~tM ~sval s+anJart) rnoeeg,?ges c~ause w such o~ha clau~e ~s the Mxty~yre may rey~.r~, rc~l,~ng ttw ~oss urJe~ sa+J pol+-
c~rs. each aru{ s.rry. Mr~h~r to sa~d AIJRIGAGkE ~s ~y utt.r.s1 m~y ~~ear, •rvJ eacA a:id e~e~y tuth po::cy ahrll (x prar,p~ly atsy~~rJ •nd de~~.errd ~o
•ny held by t~uf titORIGAGEE aa fw~h~r sacw~ty to s.+•<! mw~yaye dcb~, and. ~w~ 2ess ttun Icn (SU; days iu adva~ac ol ~he eay~ro:~o.~ of each pol~cy. lo da-
~.ve~ to sa,d htORIGAGif a r.=:r.vai thercof, to9ether w~th a rrc~~~,t !or ehe p~rmwm oi such ~en~•wet; mxf ~hrre s1w11 !x no lue o. w~nds~u~m iniwarKe
pleced p~ aar of sa~d M,~1d~~x~a, eny inte~eat the~e~o a pa~~ the~co(, un;cu in ~hc lo~m and w~+h ~he Ic~s paYable as alo~e~a~d; •nd in ~he event any tu~.
of eqney bccp,nes p• yab:e u~kie• s~ch po7ity or pot.c~es ea~d MORIGFGEE shsll have tFK o~,f~.~n to ~ec~~vv ,,~~d sppty the s~~t~e w+ a~cou~u of thc i~~drt,:ed-
~:ess secwed ht~eby a ro{uimit as~d MpRTGA^vpRS to roceiva arn~ uae il a any part ~h.•~..~ol e..r ot~:.•r ~:v:~.i.:~•s. .•.ni,u.,t ~h,..u. aa,.~ ,~„pcu-
~n~ any equ.tY. I:r^ or r~ght under p bY vir~ue of 1Ms nw:•yege; and in the evrnt ud MORiI~AGORS shell Ew •ny rcnfai (ail lo krep the sa~d p~em~tes fo
,ea~r~~. p~ fail p e~p~rvor pr~yrpdy any o} f.1~fl poiK~rs O~ inlWd+Kf 10 fa+d 1HOR/GA; kF. O/ f~~l peu~nptly 10 pay fu:ly any prcnn~m Ihcrclq p in anY
ret~rcl fail fo ~~fo~oL d,~;hsrye, etetute, lifKl, ton+plete, cauply w~th and sb+de by lhis toven~nl, ot a~y pnrt hareol, sa~d MURTGAGEE may piace a~~d
p..y lor such ins.ro~ue or any pa.t mcreo( w~thout wa~vin9 0~ a(farinp a~y op~~on. Gen, equ~ry, o•,gir u.~de. a by vin„e of ~h;s Mwrgage. and rhe
t.~il s,novnt ol e+cA ~nd e.ay wch paym~nt shall !~r ~m-ned~~tcty Jve end p+yabte and s?~a11 b~ar inerr~sr trom ~ho da~e ?h.:reof uneil pa~d a~i~a ra~e of
,~.•~e per centum pe~ ann~n. d~K~ tJ~C1Ili1 Moh suc~+ uitr..st shai~ tw srw~ed by the I~en ol th~s mo+eyage.
To pe~mit, com~n;t or suffer no wuee, unpairo:ent p dctenorar.en ef sa,d property or ~ny part ~hereo(.
5. To pey all a.~d aing~ta~ the coats, cM~pes and eapensc>. ~adudn.g a reasaubfe •uwney's fee and costt of ab~nac!° ol tide, incvrr~d o~ pa~d a~
.+n~~ tin~c bY as~d AIORI(iAG:E, becavse d in 1h! twnt of Ihe fa.iu~e o•~ tht part o1 tM said M.7RIGAGOR to duty, pro~npdy a~d fully pe~io~*n, d~uh~r9e_
e..•c~te. l~IKt. Cqnp~r~e. co:nply v.~~h and ab.de by each •nd eYery iF,~ stipul~no~». ~g~re~ncn!s. co,~d~t~ais. and coven~nfs ol sa~d pra~~sso.y nore s~•d r1.~s
,~~tya9e any or e~rher, and sa.d cuses, cM~ges wnd expens_ s, esch and L•Yt~Y, sha~l Ix im~ncd~a~rly due arw pryabtr; whrther or no~ ehe~e tx nof~ce d~
ma+~d, atte:npt te co:l.-~t or suit F~r~,d.n~; and th~ tull am~unt o~ esch and every 1oCA paymenl shail brar ;ntcres~ from ~Ae darr thereol unrit pa~J at the
.,r o~ n.ne ~xr cantvm E,~r an»., n: and ail said cos~a. chmge~ and ca'x~isea ~n[urttd Or pa~d. +Oysvf~a w,th at~th ~nle~efl. SMII ~ tKUred by Ihe I~en Of th~!
mc :9ay~.
6. Ihat (s? in the ever.t of a~~y b~reth of this Mortgege or dafau~t w. the pan oi the titpRTGAGOR, w;b) tF~e event any of sa:d avma of money
~~erein referrei to Lic r.at ~:o~:,~~~:y dnd jvlly ve~d w~~hi~ th.•~y i~l)1 dais or•t ait.•r the s.+~ne u~rre~t~ 6rco.r~e due and pa,rsb!e, w,fhour drma»d or not~ce,
jc) in the event each and ev~•ry tF- s~~Nv.aeons, agree:neros, co~d=+~o~.s end w.r~~anrs of sa.•+ {_rom:aw:y r.ose aezd th~~ r.wrtgage any a e~ther •n no~
i.~:y, pra,~prly and fully Mrtonned. d a.harged, l~c.uftd. elftct~d. Cw*+pleled, compl~rd w~th and a~~ded SY. ~hen m eeher w any such evem the u~d ag-
a.~yere s~m men?,oncd ;n s..d pro~n~s~ory ~ae then re~r.~,n;nq unpa~d, w~rh ~ntr~e;~ accrued, and s:t nw~eys secu~ed hereby, shall become dve and pay
ab r tarthv.~rh, or th~rea!trr, at fh~ c~~r~on uf se~d AtOR1GAGEE, tufly and comp:etety es ei aH o! ~h~ ae~d su~ns of nwney were or~g~n~liy s~~pu:atcd
!e be pw«i a+ wch day, anyth,:+g in sa d pran~sso~y note w in Ih:s Malgage ro Me conrrir~ I1Ut V~1lfltd~~.:~y; and rhereu~wn a th~,enller a~ the opt~o~ of
se d MORTGAGEE, w~rhout nor~cr or demand, •urt at law p:n eq~~ty, thereiwe or d.e:raf~rr ?ny~.~,, n~ay be prosecuted as if sll mone~s secured hereby
.^..d mat~t~ pnOr to :tf ~nstrtyLWt.
7. ihat in the event thaf et the be~Inn rv~ of w af any Nme pend~rg a~y so~t u,~on this Mo~tgage, ur ro lorecfase it, or to refo~m it, or to enface
}~~.~*+ent ~t any c:a~~~u I+e+eur.der, sa~d ~1AJRT~;AGEE sha!1 spuly ro the Co~rt hav~ng ~u~~sd.c~.v.~ ~h~•~~o! lo~ the appo~n~mem of • Rece~ver, ivch Ca,r~ ihail
r, •fiv`~th appa;:nt a rMe~~er of sa~d mortgsgrd proce~ty all and s~ng~tar, incE~dng ~11 a~•d s:^yu+ar the income. pro'~ts, iasues and reven~es f~om whetever
s: ;•ce d.v•xd. each s+jd every ol .~h ch, it te.+~g eap~ess'y unde~atood, n he+rby monyaged a~ ~f syec:~~caity u~ ~o~eh and dexr~bed in the granr,ng and
~a~endum ~ia~s+s her,of, and wch Rect~~e~ ah~ll fiave all ±he broad a~,d eltect~ve f~ncr e~~s and coners ~n anyw+se rntruated by a Cuu~~ to a Recr~vef, a~d
ti.;F. appoin!ment ~F.~i: be made b~ s„ch Ceuri as an ad•uned eq,;~ty a~d a rwtter of absolure r:ght to ~~d MOR7GAGEE, and w~nc~ut iele~er~ce to the
+.t~yvacy or inadrq.~acy o+ ~he va:ue of the prope.ry rnorrgsged w to ~he so~vrncy or ,.~eo+vency o( sa~d MORiGAGOR or the de+enda=~ts, a~~d rhat such
~~•~~~s. prohrs, income, ~sw~s and ~fYl~IUL'S sAa~i be spp;,rd by s~ch Rrcr~ve~ ac.or~a~ig ~o the iien or eau;ty o( sa~d MORiGAGEE aod the proct~ce of such
Co~rt.
B. To dv'Y, prynpt;y a~+d ful~y periorm, dtscharqe, esecute, effec~, cor.~Iere, comply w~~h end abide by each and every the stipuiations, agrecments,
::,ndrt,ona arrj corenan~s :n sa~d pranaiorr note a:~d fn;s moHgage sN ~crth.
9. Thjt in the evem ~he ownersh~p of tnc mortgaged prem~ses. w any part therrof, ~o,nes vested io a per~n ottxr 16an the MORiGAGOR, the
1'~RT(',AGEE, irs success~+s and ass~gns, may, .eitho~t nonce ro ~he 1.ORTGAOR, deat wrh such successa w successo. in mterest w~~h refrrer.ce ~o th~s
~'o•'gage and the deot hereby sec~rcd m tne same manner as w~th t.tior,~agor wntrout in any ~vay vit.ating pr d~scha~g~ng the fdutgagori liab~liry F~ere
.•~der a upon :h- deb~ nr•e;~. se:•~~ed No sa'e of the Frer.,~srs h.veb; morrgaged a~d Ro lo.beara.~ce on the pa.~ of rhe MORiGAGFE or iri s~ccessors
o* assignf snd no ea`ers~on o.` :he Lm.e fo* the peyment of the debt h~~eby se[~r~~ 9rven by fhe Ml~RiGAGE~ or itt s~icessors er ass:gns, ~i;all Opetatt
_~a!s_ae, d:scha~ge, r~eri,iy ~F,r,.~. atfect ~he orig~na~ liau:i:tv of ~he MvRTGAGpR here~~, ei~Fxr in wFaole o? in pan.
10. It +s s;.rc f:a ~y ao-ee-i tha~ time is of the essr.~ce of th~s contracr ~nd thar no waiver of any obl;gat~on hereurtder p of the ob:iyat:ort se-
cv•d hereby shs1~ ar any tl~-+e fhereatter be heid to be a wa~ver of the ~erms hereof or ot tFM msnument secored M:rby.
11. In _;ia ?:~•o +~.r torego n,3 ^~onrh'y payrr.ents oi p~mc pai and snreres~ requ~red by the prom ssory ~o~e scc~red he'eb~, mo:tgjy~r covenanis
d agrees fo pay to ••:o-!~~gce v~~fh each month y ray~-•e:~t an add.r~onal sum cs:~ ^eted b~ mO~tg~gee ~o tx eqvat fo 1 i2 et tne .~nnuai cost oj t}x follow-
A-,:t~ rEe ~roce•ry reaes ier~eC or assessed ag~~~~st ?i,c above desribcd r~~af estare.
B- F*:• s on f.e and x;nduc-~ti ~rtsv'ar~e as herr~n req~.red to be ca~r~~~d e~ the :m;~~oveme~ts s:t~ate on th, above described premises.
C-Pre~-•~.,r°s oh s~,ch m~n ;~e gvaranty insvra•~ce as morrgsgee sf~al~ froT f ine r~ t,me drem f;e to carry o~ the loan secured hereby.
61o*rga~ee s^= -'-cm r,r~ ro r;;~e net,fy mcrryagnr ~n w=;nng of tFt a~r.o~~t d~e and payab!e hereundrr and wch w-n shaii thercu}.~en be d~e and
..._5'~ Q~, .ti_ c_~ a.f~ o: ~he ne~f ^,onfh.y pa~ment a~d each success~ve month rhereairer ~cr~< mortgagee sha!l nor,fy rrwrrgagor of a cnenge in svch
_-_„nt. $y~h s..~~ns s~ ~~:,e app:~rd b~ mwfgagee +o~aard the pa. ~ reat properfy taaes, ms~ra:xe prem.ums, a~~d morrqage guaranty insurance
• c ~~ms.
iV W=*NE_j :`:4cR~~~r rhr sa~d MORTGAGC?R has h~~eu~to xt his hand and seaf the day artd year tirst aforesaid.
~~yr+ed. Seaie~( and ~e~~v in the p~exnce of: ~
~ p ~ - -
- F~~~QRyrRECORUE .~.L~_
L ST.lUC1E CocNTr F~A.
~ - ROCE~ FOtTRAS ts~,p
- CIERK CfP.CU1T COU ~
_ _ RECORO ~ER~fIfO
- - lSeaO
~-~-F Of FLORIDA ~ u Ju~ 2i 3~~ ~N'TI
=.?~!+TY Of ~t
• L4.~. 1P ~ 2j1~j6~~
Be`we me persons+;y appeared F~e.^.2'_Y ~tiOZ'I!lall ~.pv~
end
~ ~~C@~? 3 1 h~s w~fe, to me wefl Ancwn and known to me to bs
•~~e ;nd;v,d;,ais descr;y~ in •nd who raecured the {wegary instrumen:, and acknow~edged before me that they eiecuted the s~me fw the purposes
~ ~ ji.
,-~.e,~ exp+essed. And the ~ald_~ ..4:Cc L~8
h~r.~an Flayd
`e of rhe sa:d ' P`l~ . ~pon s separete and ~~v~t+
•~-r•na+•on by ~+e taien sepa•a:e and apart from her sa~d h~sband, acknowledged to and before mt that she e~cecvted sa~d inytrument free;y •rw~ vo:um
.~:.y and w,rhout ar.y' ca-r.pu~s~on, ccni~ra:r?, ~ppreh~ns.pn, pr,,{~er of or fr~m her said husband.
Wfi~:ESS my hand and off~c:al seat th~s-- ~ 1
d:y oi~--~A~, ~_5ll~,_-,._ ' A. C. 19~tL
! ~
- L~ ~~~~C~_
Nofsry Putr!' n and +or the,~ate of Flo.~d~ •t lay~ ~
Re~vm To~ My Comm~ oa eapirer. ~lc~
F~rst ieder~~ Sa+i~.gs 6 lcan Aiaociat,on ~t~ 0~ 1~
v . _ f i , f.1y Ccn::,assio++ ~xPrfr.
~
~r !ir
a,.,~t, s
b.~..+ h ~~.M~
Th~s Instsument Prepared By ~raan ~
F~rst Federai Savings E~ toan Association
of Fort Pierce~ ~_=~r i ~a ~ ` .
~ . '~rv::
. . _ , ~!'j: ,
Checked By - - - ~
900r ~~4 {
,
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