HomeMy WebLinkAbout0458 3. To ptace and conr~nuo~,iiv k-:p cn t?w bu~'d~~+gs ncw o~ hereaf~er s:~~r~a on sa;d land a~~d on a1; c~u~p~nrm a~~d pe.sona,ly covered by ~h~s mcr'g-
age, wr~ih dl prem~um~ thrrcya pa,d ~n f~sl, t~re insu~ance ~n Hx ~s.+ai s~~~n~iard po'~cy form, in a svr ai.;>+o~rd by ~he htuRc:,:.:,fE, a~~d w~ndsro~m
~nturonte in the usual s~endard po:.cy (am, in a sum appro.rd b~ the MORT:sAG:E, in svch tc+~r~pany o~ tanpd~:ei as the A'lORiGAGfE msy .
d:r~u; ~nd all fire ar.d w~r.ditor.n ~nw~ance poLaea on any of sa~d b~~~d..+~s, any intereit the~e~~ or pa.t thcrroi, in the agg~.geee sv~~ a~wesa~d or
in eace~s ehrr~(, iAall coniain the ~sual star.dard mor~ga9ee dause o~ wch o~he~ cta~ss as rhe Morrgayre msy reqv.ro, msl~n~g the :oas undr~ s~~d po:i-
c~es, exi+ and eveav. par'a5'e ro se~d h~JRIGAGEE es :~s ir.irrest may appear, and each atid evc~y svch po:,c~ ?Iwll I:e pron:Nfiy aug~~~d e~~d de~~.ared w
any heid by ss~d h10RIvAGEf as fur~n~r secv~ity ro sa~d :,~ur~gage deb~, a~~d, nor Icss than te~~ (i01 di~s in ad.s~uc of the exp~r,t~on of e~ch pa!~cy, to dr
I~~er to saMi h10R~GAGEE a rcnrwal ttK~rof, to~ether with a rece~pt for ~he prrmwm of such rt~~r~nal; a~~d rt.r~e s?~oEl be no i,re o~ .v~~d~~o~•n ms..unte
p!aced on any of se~d 'oui:d~+ys, any intrreit therem or part thereof, un:rss in ~he fonn and r.~th the toas paYebtr as atoresa:d; and ~n ~he event any sum
o+ money beconxs payabte v~dcr s~ch poi:cy or poLuos sa~d ti10R~GAGEE sh.~il ha~e ~nr oE:r:un ro rrc•_~Y.• .,<<J app:r rhr sar„e o+, accw ~r of Me ~~~Joot~d-
~,ras sttu~Kl h~reby Ot ro perm~~ sa~d MORTGAGORS to reee~ve and ux ii or eny pa~e tl~•_::of ~o. o:~~~•+ ~.ur~os.•s. .•.,~no..e th;.,~,;
~n~ +ny eq~~ty, Gcn w r:gfit under or by vir~ue of th~s mo:~9egz; a~~d in the e~enr sa d Mnktt;AGORS sha;l for ~ny rcason fa~i to k.ep nc~ sa(d p~e~nitrs w
~nwrrd, or fait ~o de5ve~ pranNtiy any of s.?id po;~cies ol mso~ance fo said h50RiGA~;EE, or fad p:ompr:y to pay t~;:y any pre~~~,um fh~~rilw o~ in a~y
resprcl fail to perlorm, d~;iherye +aecute, effecl, con.p!e~e. conply w~~h aud ab~de by th~s cova~~ant, w any p~rl hreeol, sa~d MORiGAGEE n,ay p~ace a~o
pai ip svch insur.u~ce or •ny pa . ~hrr~of w~thou~ waivinQ w sttecting any op+~.~n, lien, eq~,ry. or ~,~hr unde. or by vinue o~ th~s A~atg,~ge, and the
t~li •r~~t of eacA and e.ery wch payrrent shaif be ~~~med~atety due and peyebte and shoU bear int~nst Irom tha datr ~her~rof uot~l pa~d at the rate of
:~e prr cr~~um per ann~:n ~~~d to~<•thar v„th s~ch interes~ sha~~ be s~c~rrd by the Gen of th~s mortgaga.
1. To permit, commit or sufie~ no wa~te, impair~knt w detr•iorat:o~ of smd properry or any part ther~of.
S. To pay a~l and singular ~i~e coats, cherges and etpenses, iac7ud~ng a~ease~able arranr~'s fee anJ costs oF abs~racts oi tide, +ncurrcd or pa~d st
am~ t~me by sa~d MOkiGAGEE, because a~ in the eve~t of the fa,iurr on the oa~~ of ~he ~a~d lNORlGAGOR to d.,iy, promp~iy and ~uity Fe~tonn, d~sctwrge.
_xec~te, efiea, canp:ete, ca:,ply w~~h and ab.de by each and ovcry thr s~~pv:a~,Ons, a9rcem.~nfs, tond~hon3. end cuvrnanrs o( se~d pran.,sory notr a~+d th:s
~:orrgage any a~ r~~her, arx! sad costs, chargzs ar.d txpenses, each and every, sha~l be immedwtety due a~d p~yab;r; wh~•ther t+~ net thrre tr no~~ce de
r,:and, a:ren.pt ro cot:~t or svit pend.ng; and the f~1! anwunt of each and everv s~ch paynx~~ shali bra- int~res~ from the date thereof unt~l pa~d at .he
r~•.- o+ n:~~e per cenr~m F~r a~~nu.n; „nd atl said cosrs, charget a=Td c~;.rn:es ;ncur~rd q µ~id, toorsfier w,th wch ~~~ferest, shall 1x secu~ed by tlro ~~en of th.i
nroitgaye.
6. That (a) in tF~r evenf of any breach of this Nlwt9age or defa~lr on ttw part of the A!pRiG~1GOR, or ;b) ~n the eve~t any of sa'd sums of money
here~n referrc~cl to bc- not pr~nptly and f~;ly paid wi~h~~ ~n.~ry ~3J) de~s ne,cr a~~•~~ the sa•~+e se.e~a :y Ceco~nr due and payab!e, w~tbovt de~nand or norice.
cr i,) in tM even: . ach and every ~ne stip~:af~Ons, agreaments. Cor.d~nons and tovenams of sa d p~om~uo~y no:e a.~d th s rrp~~gage any or a~her are not
i~:y, po:~pNy and tvHy perFprmed, d.schargrd, exKUled, e{fett~. Comp~~+ed, comNt~ed w~th and ab~.:~.d 5y, ~hen in a~her or any s~ch evenr the aa,d ag
~reqate s~~n mrn~~oned in sa±d p~a+~;ssery note then ren,am~ng unpa~c'. w~th intrrn,~ xc:~rd, and a:! mon~ys set~red hereoy, shatl becume d~e +nd pay
ab~e fathw~th, o~ cM~rafte~, at the opt~on of seid hIORTGAGEE, as fully and comp!ete:y as i{ atI of thr s.~id s~~rs of money were w~g:na:ly s~~pu:atcd
ro be pa:d on wch dty, anything ~n sa.d pro:n~slwy note or in rh:s Mortgaqe ro rhe c~n~rary nofx,rhsr~nd::~g; and th~reu}on or lhereafter ai the op~~on ot
sa~d MORiGAGFE, v~rtt~cw nonce or drmand, su~t at law or ~n equ~ty, the~efore or thrreafier ~g~n, may be prosecuted as if all monCyf secured hereby
nad matur~ pr~or to ~ts ~nsntut~on.
7_ iha+ in the event rhat at f6e Ecg~n~:ng of or at any Nme pend~ng any s~;t upon this Mortgage. o~ to fo~eclose it, or to refo.m i~, or to enforce
p~ymeet of any c'e~ms hrreunder, said h1pRTGAGEE sha;i appty to the Covrt ha~~„g ~w~id.cr:on tl~i~rot for the aF:po.nu,~e~f of a Rece~~er_ such ~ovrt shai~
fc~rhw~rh appo~nt a recr~~er of saSd mortgaged prowrty all and s~ng~~x, in~;ud;ng ail and s~~~;~iar ri:e irt~oit~, profds, iss.,es ard rtren„es fra~n whirever
so~rce derived. each aRd eve~y of wh:ch, ii be~ng expreu!y unders~ood. ~s ?.errby mortga~rd es ~4 sFxofi•_a~iy srt for~h a~d descnbed in the g~antu~g a~~d
haber~um ua~ses hereo', erd such Rece~ver shait have ai: the hroad and rffechve funu.o~~s ar.d po vers ~n anyw~se ent•usted by a Co~~~ to a Rrc~•~~er, a~~d
s~ch apFOin:m¢.~r she(I be ma~e by wch Cuurt aa an ad:o~rred equ6ty and a matre~ of absolu~e i:ghr to s3~d MORi;,AGEE_ and v.~rhour relerenc~ to the
edea~acy o~ ~~adeqvacy o} thr va!~e of rhe properry mo~~gaged or to t1,~ so•.rncy or ,:~sc~:rnc~ ol se~d 1M1ORiGAGOg o~ the det~ndsr.•s, and ~Aet such
renrs, proi~n, incant, usues arxl re.en~es shail be appiied by svch 8eca~ve~ accord.ng to the t~en or eqv,ty ot sa~d A80RTGAGff and ~he pract ce of s;,ch
Cu~rt.
B_ To uu!y, pror..pr!y and /~1!y ptrlo~m, disthargc, e~etute, effect, co~lete. co~r.~~i~ v~~th and ab~de by eacii and every the st~puiations, ag•erments,
:endit~ons and covenants ~n sad prom~aiwy nofe ar:d th:s m~~rgage sre fo~th.
9. TFat in the eve~t the owncrship of the r+ortgagtd prem,ses,'or'~awy par thereef, ~ecomes vest~d in a pe~son other than tht MORiGAGOR, the
!1•~RTGAGfE. ifs surcessors arxf ass~gns, may, wirho~f nc~rce to ~he ,V1(yRTGAOR, dpai w~th wch socce;ser w wcceuo~ ~n ~nte~rs7 w~rh referer.ce to th~s
o~tgege a~+d the dr~i F~ere'vy secv=ed m tne .e mamie~ as v~eih Aho~;yagor wnhout in any way v~~.ating or d:scfiarg~ng the h~ortgago~i (iab~tny he.r
dcr w upo~ ti~e d:bt Ixreby secu~ed. Na safe o( the F+e~ ~ses n~veb~ m~rtgaged ard no fo~~ararcr on ~he yart ot the /10Ri(;i.GEE or t:s successors
or ass~ns and na e.re~s~o~ of rhe t~me fa rhe payme*~i o4 ~~~e debf hr.cby szc~~ed g~ven by ~he :J~ORTGAGc'_ or ;~s auccessan or ass.gns. a:~a!I operate
ro re~easr, d:scha+ge, modrfy ~hange or affMf the orig,~al :~.,b.t.~y of ihe IY.ORiGAGt~R here~n, t~rher m M,ho7e or in pa».
10. Ir is spec:f;cat~y ag.eed that tfine ~s of tAe essar.ce of rh~s co~~trac~ ard fhaf no wai,+er oi jny ob':g~nan h¢reunder ar of the w"•yat~on st
cvred hereby sna': a~ ani ti ne therea'ter be he?d to be a wa~ver of the terms here~f w of the iriSlr~ment sc.~.ed he~by.
I 1. Sn ~;id t e~ r, the io+egC n~ .~Gnth'y payments of prnt~pj~ bnd ~ntrrest •equ~red b~ tAe prG-` sscry no'e scc~•ed h•,•eb~, moclga~Jr eover.ants
~-d ag.ces so ,,ay te •r.orry3See v..th ratti :nOnrh y F;a~•.,e•i~ ar. ati.i •.onjl su~~ cs• . a*ed br ir,o.'yager to tx eq~ai to 1 ~2 of thr an•,vai cost of the foilpw-
A-A~t r~a~ prepe•ij taaas lev,_~ c~ ~ssess~-;i ~g.~~•~sc ihr aF~o.~e d^s.~?~d r_a~ es~a!e.
B F: .~s ori i~~e and .~+~~cst_•:n :nsurarce as her~~n •;-q~:red to be car.i.•d c~: ?h: .r~; ~ova-ne~13 s.!vate on tEr above d_sc~:5ed pre^~ises.
C-P~~ s o~ s~ch r. o: r~,ge gua•anty ~nwra~.ce rs ma rg~~~ snatf fro^~ t me ro r~me deem fit to carry on the +oan icWred herebt_
RSorfg~aee s~s~: ~'~n t~~^r ro t:~••p nc•r:i~ merty~~pr ,n r,+:r,~~~ of the a~-o-~^.~ ard pjyai~•e hereund.~r and svch s~^: sF.~!! thc'revr~o~ be due d~d
ab'e on the ::~e c.+'e of rhe ~~.t rnonth.~ pay•~~~~nt and esch svccess~.e To•~th thrrejft ~r ~~.t~i mertgjqee sha:l not~fy mortgagor ef a change in su:h
~v~t_ $uch s,,:•~s.si~~ ::e ac~• ~rd by mor:gag.re to.:ard tne payment of reaE property taxes, mswa.~ce ~rem,~ms, a~~d mortgage guaranry insurance
,,.~..iIiUTS.
tN \71Tr~E~S 7.H=R_pF ri•.r sa~d MORTGAGCR t.as hereunto set h~s ha~:d and seat rhe day and yea~ firs~ aforesa~ci '
S~gned, Seafed ar 'e?~ver ~n the presenc of: /
_ FlLEA AMD RECORDEO L ~t' ~ ,re~~ti----a (Seaf)
_ ST. LUCIf COUNTY FLA. u.L ~
ROCER POtTRAS
CLERR CiKCU1T COUAT - (Seat)
~ RECOR~ VERtFIEO
S~AiE OF FIURlIIA Jut 11 10 09 AN't~ ,
: JU"JTY Of ST. LUCIE ~ r~ •~6~6
f~11Gr
Befwe me personalty appeared VQZ1111 K. {1111~1dl~S
and
~OI15 .J. {111121d,~5 h;s wife, to me wel! icnown ar.d k:~own to me to be
> ind;v.dua'n desvibed in and who exec~~ed the faegoing instrument, and eckncwtedged befw.e me that they executed the same fa the purposes
rh4re~n expressed. And the sa~d_ _ DOrl S.1 • wlll ~~S
..Ife cf tM sa~d Velllil K. {A11111~5 _ ~pp~ ~~pnNe ~nd private
e~am'nat~on by me taien sepa~ate and apart fron ker sa:d husband. ackno«Ie3yed tq and beiore me that she execu!ed said 'a'~q(~RiH~st'fisdr ar~ wluo-
.•e•~1y ard w,thot;t any cornpuls'an, tor.strdint, appreFens.o~+~,lw tear of or fram her said husband. r~.• •
iLT Ju iy - , -~l
W{TNESS my hand and offic~al seal th~s _ day of__ ~ _ _ p. ~ ~ `
\ ~ - 1 _
NaTary ubGc fn and for Sta j:F{o~jda ~t lar9e
My Comm~sfion ecpires: - : ~ '
ketorn To: . - ,
F:rst fede~al Sa+~~.gs S loan Assouat~on NOTARY PUBLIC S7~TE OF F1A4{t~~~~j( ~
o+ .o~r vE„P Mv : - , - - ~,.i~~i;T~
t :
rorr ~~~.ce_ F:~-f:~ia ~iENERAI 1ti5Ci~ANiE i1NDrt21NRITER.~i~?14
3_ ~-7~~
This Instrument Prepared By Wm. E. Btaun
First Federal ~avings & Loan Association
of Fort Pierce ~ F lor ida
Checked By ~.-4__ ~ CM. ~~7`3 ~VV