HomeMy WebLinkAbout0671 J. To plxe and tont,nuously Meep on tha Eu;~d~r~s ~:uw or hereafta ~~twte on s~id land and o~ ~!I eq~iwnent ~nd person~lly cc+~cred by :his mort9.
•ge. w~th ~II prem~vms ~hrrea~ pa.d m iuil, hre i~~tur~ntv m ~he utiua! s+endard yc'~cy (wm, in • trm arp:o.rd br ~.~OR~vAGEE, and w~ndt'am
~ni~r~nce i~ tM ~s..al st~nda~d ~r..cy +orm, in t~um apprc.ed by the l1AOR1GAGcE, wch cavp~ny or cwn~~a~,:es as +he Ma~RiGAG:E may
d~rKt; ~r~ all lirs end w~nd~torm msv~ancs pouaef ai any ol ta~d D~.~~d•.~qs. •ny inle~~fl thu~r~n o~ pa~f ~hrnwi, in the a~yrry~Te wm afo~p~id o~
in e=tafs the~eoi, shall conta~n the vsval fta~idard nwr~gagte ctruf~ W t~:h Otfur tlavte ai the Malyayte m~~ ~eq~~r~. m~?u~ Ihe ~oss vixlc~ f+~d polt
c•r~, eacA and eve~y, ~u~ab'e to se~d A1JRiGAGEE a~ ~ts m~rres~ may ~ppear, and eacA and r.ery such ~w::cy ~hail ?~e pro~.~~.+~~ assy•~rd a~~d de:~~ercd to
an~ held by sa~d MOR(:,AGEE as (w~h~~ srw~i~y to ia~d nwr~ga.,~e dcbe. •„d. no~ tess +h~n ~cn (101 days .+d.J~KC o( rhe ea~.u~t~W~ of eech p.;~~cV. ro d~-
~~~er to sa~d A10RtGaGiE a re.~ew.~l ~ler~eof, tope~h~r wi~h a rece~pt fw the p~a~~~wm ol such ~enrw~~; and ~here sh~it !~e ~w {.re or y.:~uititu~~n insurance
p~ac~d on any ol ta~d b~,;!d~•,~s. any ,n~eres~ ~h~~ean or pa~l ~twreol, un!rs~ in ~he torm ar~d w~+ti the los~ ~y iul~ a~ at~~eti~~d: and in nx e+er,t a~y sum
of ine,~ey b~;pn.el payable u~Kler a~ch pel~cy or poLaes sa~d htORIGAGfE shill have tl.e oyr•~n to +ccr.+r ..~~J apN'~ ~he ss~~~r on ec_ovro o1 ihe i~~cieot~d-
nras srcwed hercby a~O pr~md sr~d MORTGAGORS f0 tKtiv! aeK~ uif il p?ny parl N~c.rol tor p:!:.~r ~.w}~,;ta~f. v.ll:;,,,1 tl......; .y„~., :v ~np~.r-
~n~ any ~~ty, i~a~ ,x r~yAt uodrr or by vnT~e of th~s mo:`9ege; a„d ~n 1he event wd At0~2t(~AGORS aha!1 !or any :caao~ fa~l fo keep *hr sa~d piem;srs so
~nw•ed. o~ fai! ro del~~er p~c~np~ly ~ny of sr~d polK:es ol ~nsurance to sa:d MORIGAGiE. or t.;n pr~„~ptty ~o F~ey lu~ty any p.,..:,~~,;•n ihi•e,;fo~ w in a~y
rripra t.ril to pe~fan~, d~scher~e, eaecute, ettrcl, completr, co~~~ply w~rh and abide by tMs co~c~~an~, a any ~,..n harcof, ~n~d MC,Rf~,::GEE ~.ay pisce a~•a
pa~ fcv such insursnc~ o~ ~ny ~rt thrreof w~thovt waiviog or aHe:~inq any opr~on, leen. eq~,~y, w r.yht w,Je• a b~ wr~ue ol ~h~a Morfyaflo. ~nd ~he
r~~i{ an,uvnt ol each ~~~d e.eiy such parmr~~ sha~i be ~mmrd~etely d~,e and payaWe a„d a!~ril pea. intc..•st tr~m tho dstc thcrcof unn! p~~d ai the rate o?
~:~e pr~ cr~eum p~r annum ond ro~rfrkr ~,.~:h such uvr<<•st shat~ tx ~.YU~ed br the :~en of th~s mortgage.
J. To permit, comm:t a wffe~ no waste, impe~rmrnt o~ deteriorstio~ oF sa~(~ ptO~vly p any ps~f ~herrof.
S. To pay atl and singvla the costs, cMr9es ~nd ea~nses, includ~~y a reaaanabtc auwney's fer o~~d cos~s of abstracts ol tit'e, int~~r~d or p.~~d ~t
e~~y t~n•e by sa.d .~tOR1GAG'.E, becavsr a in the evtnt ot the i~~lurr on ~lie par~ of ih: aa~d h10k1GACaOR to dviy, pro~~~pfiy and fu~ly p~rturm, d~xharge
e.ecvte, effect, c..~nple~e, cornply w:~h and ab.de by each ~nd evr~y the s~~putat~~+~~s, agrren:r~~rs. co~d~~~o.~t, and cove::anfs o1 aa~d p.o~~~~>sory rr~~e a~sd ~h,~
,:ortgay-• any o~ r.~her, and as d cost~. cha~gea and expenses. eech and every. s'~a~l ix .nuncd~rtr~y due and paysb:r: ~vhether o~ not ~t~rre ex ~o+~ce d~
~~an~, aticmpt to co~•rct w svrt pend.~g; and the (~II amouN of eac~ and e~ery avth ptymrnt ah~U bea. ,nr~rest hom ~he dafe ~her~ot unril ps~d at ~i~e
re o~ n.ne pe~ crn:;,•n F~a•r a:~nu.n: and atl asid costs, cnargts end eayr~isea ~nc~ired p pa.d, toynttirr w~~h svch ~n~urst, sA,~ll be sec~rad by the ben of Ih~~
mort9a~~.
6. TAst (a) i~ thr F~~ent of any brrach oF th~s Mangage w dcfault o~ tl~e pa.t of it,c A!QRTGAGOR. o~ ,b) ~n the evem any ot sa d sums of mone~
ti~rein ref~vrad ~o bc ~:oT i~ro~nptiy and +~tly pard wirh~rt thrty (30) d~~i ne.r a~n~r ~F,o s.sn,e seae~a':y beco>:e d~+e and payoLte, w~et~ou~ demand or no:~ce.
cr the event ract, r.d c.rry ~he st~yviat.w~s, ag~trmentf, co~d~h.ris arw covenar.r~ ot sed ~,roniesw~y note arK1 th.s nw~~ga9e any p~ e~ther are not
i~:ti. prornpHy an~ f~ily ~rtor~n~d, d•acharg~. eaecvted. effected, canptefed, canpi:ed w~th •~d ai,~d.•d 5y, tl~en m e.~hr: a any svch event ~he s+~d sg
~•rgate sv~ ment,~ned m sa~d Fep,msw~y nvte thrn re+namir~ unpa.d. w~th ~ntrr~if ~ti=oed. and a:i rt~oncys iet~rrd he~eby, ahetl b~-twne d~e and pa~-
a:~ e fo~thN,!h, o. theteaher. dt :he opnon o~ s.+d MORIGAGEE, a~ fuily a~d compiefr:y as ~f eii cf r!,r s~~d s~~na of nwnty Nere or,g~ne~ly snpuiated
ro ±x pe..i such d.:v, a~~~h~•~g in sa.d pro.,,ssoay note s+ in th~s Alarga~e ~o the com.a~y nota,rthita~~J:~.g, end ~hcrev~n w fi~r.~eahe~ a~ the opi~on of
~r d MORiGAGfE. v~~~l:ou~ r.o•,cr or ~me:~d, w~t at law a in eQu~ty, theiefwe or It~crrafrer brgun, mey bc proaecured as ~f all moneys se:ur~d hereby
n-d rt+atur~ Fv~or to ns inst.:v~.on.
7. Tha~ in the e~enf th~r ai the brg~nn:~~g ot or at any r6~ne pen~~„q any su~t u~n d,~s Mo~tg~ge. a to loreclose ~t, or to ~eform it, or to enforce
ca~meot ol any c:.~+ms he~r..~nd~•r, aaid h10RTGAGfE shall eop•.y to thr Cow~ hav~:~g ~~,~sdc'.un thcreof ior th~ a~~~.~otmr~~ of a Rece~rer, ;~ch shad
~~:Thv~ith appo~m a~ece~~rr oF s~~d m.~rtgayed procrrty a~l and s~ny~lar, inc:ud.ng a~1 ae.d su.3v:m t+,e ir.ceme, p:ohr~, ~ss~rs and rrvr~:vrs fro~n whatever
s:. ~ct derived. tath end every ol wh:ch, n beu~y etpress~y uodastoOd, ia her~by mortgagrtl as ~f spec.~.~~~~y se1 fOrth and desd~brd in Ih! g~ant~.:g dr.d
h±:~e+x1v~+ c~avses hr:crof, and svch Rece~tier zhril havr al! the b~aad ~~d effecnve fu•~c! ony and porera m an~w~se rmr~sred by a Cou~~ to a Recr~va. and
i. ~h appomrr+rnt thai~ be n~ede by s~ch Co~~t as an ad•niltc-d rqu+ty and a:naner uf abw~ure r~~ht to sti~d MURIGAGlE, and v~~~ho~1 reterence to the
^::eq.~acy o~ ioadeqvacy o4 the vat~e o! the prope~ry mortgaged or to the ao:vency o. ~nso:.rncy ot sa~d MORiGAvOR or the defendents, and th~t such
~•s. p.of~ss, ir.;o~ne, ~ssves and reveo.,es s!wu be app:~ed by such Recrwer accord.ng ro the 1~rn w eq~rt~ of sa,d MJRTGAr,EE arod tht p~au,ce oi st,ch
Cov: t.
8. To d~!y, pre.np+'y ar.d fu:~y p~rform, d~scherge. execute, etfect, co.r+~lete, co{nNiy w;th and abide ay each and evcry the ssip~latiens, agree~nents,
•~c•i~c.oru s~d c~~en~n!s .n sa,d premsso-y note and tRS m.xrgage srt fwth.
9. That in the r.e^t :he ownersh~p o~ the mor~gaged prem~ses. o. any part rhereof, ~Kamei vested in a pe~wn othei than the MORTGAGOR, tl+e
:;~i~,AGEE. ~ra succcsson and ass~gns, mry, wi~hw,~ noT~:e tc~ ~he A10RTGAOR, dea: w~th auch successw d successor ~n ~nterest w~~h ref~rence ro th~s ~
c"9age and the deut h:crz;,y secur~ in the same manne~ as woh t.lor:g~gor wnhow in any way vn.ating or d~scha.g~og the lAcrrgagori '.iab~t~ty hert
er or uF~or~ rhe de! ~ r.~~:eo~ secur~d. No ss:e of +he Fren:~srs hz~eoy ~:o~~gaged aed no fo~bearan~e o++ the pa+t of t!~e /~pRIGAGEE w~rs auccessws
ass~gns and ^o ear~•rs.~n o! the nrr.e fw the payn:em o! ~he debr hercby sec~red g~vrn by tne JAORTGAGE~ o~ its succesaas w. assgns, s:~all operate
ro rr~ease. d~scFarge, mc~'y char-.ge a aNect ~he or~g~nal ~~a~~t:ty of rhe M.ORiGAC,OR herr~n, eirher m whole or in pe~f. a
10. It is sc,~c!~ce.ry rg~red rhar r~me es of the essen~e of th(s to~dract arid ihat no waiver of a~y ot` gat:on hereund^r w of the obligati~n sr !
::~ed herrbY sha.. a+ en~ hee ~r+ereafrer ~ he:d ro be a vva~ver oF the terms hereof w oi tFu ~nstr~ment aecured he.by.
I1 In t~e foreg: n~ r~~nth!V par•,•~nrs of p~~~c , ai rnd i:,rr~es~ req~~red 'oy fhe From r,cr, nn~:- s_c~rrd h~rt,bf. morty~gor covenants
~ ag=ers ro; ay re . o Tgagee ~n,th each ~ne.~rht'f Na~+.,enf an add:~.anai su~~ eu ? d:s~~ b~ mor~gager fo be eq~a; to 1 12 of s6~ on.:,,at cou of rhe loiioer-
~
A- r.a~ ~~Jy7"~ taa~s ~e~:~_d o• aasess_d aga[•~s! ~h~ acove dPsc•~bcd ral esrare.
S~•c _~s on f~•e en~1 w,~~~Ogtp:m ir.su~arce as nrrr~n •~u.r.d to be car.,ed c~ the rro.e^~e~~s s:tuate en tfie aboLe descr,~d premi:es.
C-Pr, s o~ SVCh -^o:~_ aae g..aran•y ;rsu*a-:ce as mo~rga~ee sh,~'7 fr~~~ :.-,e eo t;~~~~ de~~-n ca•ry on the loan secured he~eb~.
.1o:tgeaee s~.: r...r ro ~e ~c•.f~ ;r-crry,,g~. ,n ,ti.;t:r.g of tnz a^-o- ~r due a~ d payab hereundrr and s_~ch si~~ sh~i1 thar~vpon be due ezd
a ~n rhe ~_e e.:re ~i~e :.~.t -,o.:•F,,y p3y.,,..nt a~d esc~ svccrss~ve To•,Th tnrreafter u~..:; mcrtnagee sha!1 no'.:y r.ti rr~ 30~ of a ha~
_ ~ a a c ge in sv~h
S.,ch s.. ~~s s~ a ~e ar:• :ed ~y morrqaaee toward ~re pa~ment of rea! prcperry 2a:es, svra:xe prr:~:.ums, a:d n:ongage gw~anty ir.svrance
. .vms.
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t~t \tit?NE~S :.M:k:V` ~ne sa d~~iGA(',p^~ has hzreunto set h~s ha~ d and sra: shr da anc~ year fiift a!o~esa~d. •
Sgned, ed ar+d Jr'(:er n t pr l:~ce o!:
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Befwe me perwna~iy appeared yi; 1~ I~m ~ r;r~'• r~nr ` - and
_'1'{' t"11~ r" his w~f~, to me wrll knovvn a~d know~ fo me to bs
^ ~^.d..~dwh (~.tfGr:D~ m srsd who exec~~ed ~he foregang inskume~t, and scknow:edged be(ere me that they eaecvted the sune for the p~rrposes
~•.r•e~n e~presaad. And the :a~d- ------jt•3: y t'~:. i.`1~ V
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~f rhe sa~d - - - - _ _ _ - - - "__~i'ii118I'1 : . ~Sr upon a sepsrate and pr'w~~~
Ra*.on b~ me ta.en u;;a~~tc a~d ana.t fro~n hor sa:d husba~d, atk~+owlcdgcd ~o and before me that she e,cecured sa~d inatrurnent ~~~ly and vo?urr
~~d ~,:rhy~t •ny tG::.~.~:s~Gn, t~-~stra,r.t, app~ehenLO~, qr fear of or frc~n her sard hLSband. _
:VITti€SS my hand and oSfiaa! ual th.s ~9_. _ day of-_-- a~~ - - ~ " O. 19___L•_
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N ary P~6t:-. in ~nd or t Stat~ of fior ~S„C~rp~ . :
M~ Comm~ss~on ezpires: _ ~ i• . '
Re+.~•n to~ r ......T ~ ~
F.rst iedefs~ Sa.~~.gs b lo~~ AsfGC~at.or. NOTARY PUBUC $TATF ATlJt!(~ ~
ti'Y COMMISSION EX'~ ~~Y': Z, lq~... .
' ° . GENERAL INSURANCE Ui:v~~i~~RltEi~ fMR~ -
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' fIlEO At0 RECORQEO
7h~s instrvrnertit Pr~~.ered By ; r;~.;-; ST.lUC1E COY?~tY FIA.
F;rst ~ederai Sanngs b loan Acs~t~ation ROCER P4~TRaS
of Fort P~erce C~EpR CtRCU+T COUR~
RECORD YERIFIE~~--
Checked By ~ - - - _ ~ Z7 ~~'~e~
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_ s~~K 194 671