HomeMy WebLinkAbout0677 3. to pl:c~ •nd conrinuously Aaep on rh~ bui?d~nqs now o~ Acr~aftN utwq on said land and on alI equipntnt ~nd pc~soraliy to~t~ec! by ~hi? ma1~-
+g~, w~rh ~il prem~umi thereon pa;d i~ fuli. Gre insurance ~n tM vwal sanderd poi:q form, in a t~m apwo~~d b~ the MURtGAGEE, and wi~ditum
~n~urae~ce in rhe uwal st~ndard pohcy fwm, io a sum ~pproved by rhe MC~RIGAGEE, fn such cwnpany w compan~a as the MORTGAGEE may
d~.ec~; +r+d all (i~~ and w~rta :o~m ir+sv~+~t~ polk:es on any of saa bu~ld.nys, any in~cre~t ~herein a p~•~ thcreof, in tfie aggrrga~e wm ~faesa:d or
in exccsf ~her~f, shall conra~o ~he usuat ~ta~~dard murrgagee ciause a auch o~her cla~~a~ as Ihe Mo~ty~gee m~y rrquu~. mak:np ihs loss u.?de+ ~.~~d palt
c~es, exh and eve.y, pa~~ab~e ro sa.J MORfGAGEE as ~ts interest mav appear, ~nd each and every such poi~cy shall be prompt~y asagned and dN~vered ~o
•ny hcld by sa~d MORIGAGEE as fur~hrr sacu:~ry to ~a~d rt:a~gsge debt. and, not Ie~s than ~en (IOi dsY• i~ adva~xe of tF+~ eapirat~on o1 cacA poGCy, to de- ~
I~ver Io safd MORfGAGEE a reoev~a~ Il~cteof, toyether witA a scce~pt for ~he p~em;~rn of such renerGal; e~xl ~here shall !~e no f~te or w;~~dstorm insuro+~tt
placed on any of sald bvild~ngs, any interest ~he~e~n or pait the•cof, unless in the form and wuh the iosa payoble aa afo~eseid; and in ~he event a~r sum
of money bccy„et p+yab:~ v~der such polic~ p pot~c~es ssid MuRfGAGEE shait Mv~ ~he opt~on to rece~ve a~Kt apply the sa~~~e on ac.o~nr o( ~he ~n~~bt~d-
neu secu~ed Aereby a ro pccmit sa:d MORTGAGORS ro rrceivs and use it a any par~ ?I~r:rof ter o:i,.r ~:ur;.osra. .v.thc•~t ih_•.u~ •.v~~..,~ ~r ~n~pe~r-
~ny any cav~ty, liee or rgM under w bT vntve o( ~Fus ma:t~aye; end in ~he evcm aa[d 5~0,2TGAGORS shall for any ~easoa fail to keep the sa~ prem~srs so
inw~cd, or E~il b detive~ promptty any of sa~d pol~cies of inwra~+ce to aa:d MO~tTGAG[E, or fad promptly to pay iuUy any pre~n+um fhr~eta or in sny
resprct lail to pe~fwm, d~scharge, eaccute, effecl, :omplete, compiy wi~h ~nd ib~de by th]s covenane. u any pan hrreof, sa~d MORTGAGEE may place snd
par lo~ such i~auranc~ or ~ny par~ ~Tee~eof without waivin9 or aHec~ing any op~~on. t~en. eq~~ry. w r~3ht unde. ~ by v,r~„r of fhis Mar~gage. ~nd tF+~
full a,»pun~ of e+ch and evlry such paymero shell be ir.:med'utely d~e and pay.ble and shall bear interes~ }rom ~he dats tAereof until paid at the ~ata ol
n~„e pe? crowm p!r ann~m aod to~elht~ vr~sh such i~itere~t shal~ be srcwed by the lien oi th+s mortgagr.
1_ To perm:f, tonunil w sufFer no waste, impairment or dcterioration of said property o~ any pa~t thereof.
S. To pay all a..d singular the costs, cMrges and e:aenses, incfuding s reasonable at~oiney'~ fee a~ cos~s of abstracts of title, incurr~ or paid at
eny time by sa~d MORiGAGfE, because a in the evem o1 the tmlure on tF.± par~ of the said MOR~GAGpR to duly, promp~l; and 4olty perform, d~uMrge.
exrcvta. eFleu, ca»plEte, comply wah aod ~b.de by each and every the stipulano~s, agrr~~ents, cand~tiau, and covenants oi sa~d pran~swry note and rhb
.~:orrgage any ar e.rhe~, and sa~d coses, tMrges and expensts, each and eve~y, aMll be immrd~ately due and payaG'.e; v~hrther w not e~ere be nor~ce da
n,and, attempt to co~tect or s~i1 pend~ng; ancl :he (ull amount of each and every sxh paymer.t sha!( bea. ir~te~es~ (ron ;he date ehe~eof untit paid a1 fhe
~.~~r o~ nine per cen~wn ~r amwm; aiw all safd cosrs, cAarges and exprnses incurred oi p~,d, ~ogr~her w~th such ~nte~est, sFall be secured by the I~en of thii
mpig~f.
6. Thaf (a) in the event oi any breach of th~s MortQage w de(ault on t1r part oi the MORTGAGQR, or (b) in the even! any o( sa~d sums of money
hercio rcfe~red to br nof prwnptiy snd fuily pa+d v`~~hin th,r~y (301 days neat a.'rer thr same s~~ero::y becane due and payibte, wi~ho~~ demand pr r~t~ce.
er in the event each and eve~y ~6e sripuiaiw~s, agrerments, cond~sia~s and co~enant~ of sa.d promisso+y note and eh.s mortgege any or euAer are no~
iuty, promprly anc' fu11y perfern,ed, d~xharged, l~KUitd, l++K~ld, complered, cwnpl~ed w~~h anJ ab~ded 5y, then in e~~her o~ any s„ch event tM sa~d ag
~•rgate sum reKnhanarl :n sa~d prom;ssuy no~e thrn remaining unpa~d, with inerreit accrued, and a:l mo~ers secured hereby, sha!! betorn~ due and psy-
au e forthwith, w therrafter, at dx optipn of sa:d MORTGAGEE, as fully and completety as ii ali of thc said sums oi money were o~~ginally snp~lated
±o be pa:d on su:h day, any~h~ng in sa.d p~an~ssory nute a in rhis Matyaqe ~o tF.e conrra.y no~w;~bs?andu~g; and ~hereupon a thercafter se the optan of
sa:d MORTGAGEE, without not~ce w demand, su~t at law o~ in equ~ty, therefwe o~ thc~eafter tegun, may be prosecuted es if all moneys aetured hereby
nad maWrtd pnw to ds instrtutwn.
7_ That in the event that at the beginninq of p ~t any time pending any suir upon ehis Mortgage, a to foredose i~, o~ to reform if, w to enforce
paymcnt e! any claims Aereunder, said MORTGAGfE shall apply fo thr Cour! having ~w~sd.u~on thereof jpr the appwnt.nent of a Rece~ver, svch Court shail
ferrhwirh appo~nt a.ece~ver of sa~d mortgaged p~ooerry a11 and singular, ;nclud~ng aU and ~~ngular tfie irtcome, pro~~ta, issues and revrnues from whatever
~:urce derived, each er+d eve~y oi wh~ch, it be~ng espreuly understood, is hereby mor~gaged as ~f speufi~atly xt iw~h and dexnbed in ~he granring and
habcndum clavses Fxr~o(, and suth Rcceiver shall have atl tlK broad and effecnve forct.~ns and powers in anyw~se entr~s~ed by a Covrt to a Receiver, and
s.ch appointment shall bc made by such Covrt as an ad:nieed_equi:y and a rts+tter of absolu?e ~;ght ta said MOR:GAGEE, and wuhout reference to the
e:ieqvKy or inadcqvacy ot the vatue of the property mortgaged a to the ao~vrncy or ~n,olvency of sa~d MORiG~GOR w the deiendants, and that such
re~rs, prot~ts, incane, issucs and revenoes shall be appl;ed by swch Rece~ver accordu~g to the lien or equi~y ol said MOQTGAGfE and r!K pracr;ce oF such
Covrt.
8. To duty, promp~ty and fu11y pe+fo.m, d~scharqe, execute, efied, comptete, comply wE~h snd ~bide by each and every the stipuktions, agreeme~ts,
co:+d~tions and covcnants ~n sd~d p.om:sswy nore and th~s mortgage set forth.
9. Th~f in the event :he oyvnership of the mortgaged p~em~ses, or any part thereof. ~omes vested in a persw~ othe~ than rhe MQRTGAGQR, the
MORiGAGFE, ;ts successors »d ass~gns, may, wirFwut norice to ~he MORTGAOR, deal w~th s~,ch successw w successor in ~merest with ?elerence to this
rrortgage and the debt hzreby xcured i~ the same mann~r as with Mortgsgor without in any way vitiatirtg Or d~xharging the /Awtgagors' liability herr
u~~der o. upon rhe deCi ?~ereby secured. Ne sate of rhe Frem~ses he.eby mo~rgaged and no fo~brar~nce on the pare of ehe /AORiGAGEE w irs successws
or ass:gns and no exr~rs~on ot the hme Iw Ihe payme~t of the debt hrre6y sec~red given by the N~OAiGAGEf or ifs successors w au;gns, a~tiall operate i
rc re~ease, d~uha.ge, modify ~hange a affect the org~naf liab~l~ty of the NeORTGAGOR lurain, eitlxr in whole or i~ part_
10. It is spec~f~catiy agreed ehat time is of the essence of th~s conrracr and that ~o wsiver of any ~".~gat:ar+ he~evnder or of the obligaYqn sr
cured F~ereby sha'i at any time thereaher be hetd to be a warver of the terms t.ereof w of the :nsrrument secured Exrby.
! l. In ,dd T:on to rhe faego ng monrhty paymen~s ~f priac pa: end in+eres~ .eq~~red by the precr. sscry nc~e secured hereby, mortgegor covrnsnts
en~ agreca to pay to mortgagee v~~th each momF.;y payr,xnt an add~+~o~al sum esnmaaed by mortgagee to be equal to 1; l2 of the an~ial cost of the foilew-
!
A-:~fi real r ~.t taars lev,ed or assessed ag3i•ist the above descr;5~d ~ca1 es~atr. ?
F Y
B Pr.rr-:,:,~:+s on f~re and w;r:c+srorm ]nsuracce az here~n requ:red to be car.;ed cn the :rr.rrovemeots s~t~ate on the above d=sc.~bed ~xemi:ts.
C-P.en.~v~„s on such morrgage 9ua.anry ics~ra.:ce as mo~~gagee shatt frcT ; me ro s~m~ dee-n f~t ~o car~y on the loan secwed he~eby.
M.xrgag~ sra I.'rom ~~.r~ to t~m.e nc+;f, moctgagor ~n wriung of the amo~~: due and payab!e herr~ndrr and svch sum shat{ thrreupon be due and
...ab!e on thr d~e da!e of fhe rext month,y payment and each s;,ccess~ve monfh fhereafrer w:t~i mortgagee shall notify morrgagor of a change in such
vunt. S~th s~ms stia:i Fx app:~ed by r.wrtgagee toward the payment oF real pruperty ta~ees, ins~r~nce ~em,ums, and mo~tgage guaranty insurance
~ ~eT,iums.
i~i 1ri.C.ES$ '::tiC2ipF. ::e sa;3 !d^~TIGRvQQ h3s her-s:~to se! h~s ha~•o and sral eF,r day and year first aforesa~d_
~ Signed, Sealed ar+d de~ivered in the p~esence of: . ~
?t'1.~1v ~ ~
1
- , --~L~~~,~~1.~ • ' (Sea4
't~n
- _ cs~.n
s~.=.r~ oF ctoa~~a j
5? . I,U(;IB ~
: JUYTY OF
eefwe me personally appeared Reais D. ?refelnp„Y ! :
GeA6V1eV@ Trefelner h~s wi~e, to me wefl known and kno,~.n ro me to ba i
the ;nd,vislwls drscr~bed in rnd who sxecuted the foregang instrument, and acknow;Fdged before rr.e that they executed the same for the purposes
rne.e~o e:p~essed. Artd the :a~a______, Genevieve S. ?refe lner
.:•re of r~ sa~d _ Re91S U. ?refelner
_ upon ~ sep~.~te and priwt~
e=am~nat~cn by me taken uparate and apart frorn her sa~d h~sband, uknowledged to and before me that she eaecused said insrrument frxty and volvrr
raniy and w~thovt any compuision, cor.ssraint, apprehens:on, w feu of or from htr said hu~band. ~
WITNESS my hano and offic~al seal thls_ S.t~ day of- `1u1~/ A. D. 19~._
~ L i.-~ ~ .~~Yl ( ~ 1~
t~otary Public i~ and (or the State of Fbr~da at lar~e
Q~1~~~ ex res:
Return To: .•~`~:~,trl AN? 1`i1~ gj~j~ ~
~
MY CJMMISSf~N EXP~RES SEPT. ~f
F~nt Federsl Sa~ings a Loan Aswc~at,on ! ~ 23 1973
~ t~o~DEO rHRU F~ w, ~
Of Fo+t P.e~ce _'i ~ ~i z Q~~,f(~
Fort P~erca Fforidi ~ - - ' ~ •
_ _ - ~ _ ~ ;
. - - - - ti1283~
~ : - - ~ fr~fo ~~a RECO~ofo
This Instrum~nt Prepared By E. Br.~Eit1-• ; sT-~~~E COUNTY flA.
First Federa) Savin~s d. Loan Association • ROCEq PpITRAS
CLERI( CiRC~IT COlJAT
of Fort Pierce ~ FloZid$ - ' RECORD YERiF1E0..,~,"~,,,
Checked ey - 1s ~ 33 M'~ ~T, , ~'fi `
'0 Q ,n ~~,1, ~
BOQX
194 677
•
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