HomeMy WebLinkAbout0782 7. To pt~ce and cont~nvou~ly tecp on fhs bu~:dmga now w Mre~hK ~~tueq on sa~d i~ni3 and on all rqu~y~~~cN and pcnena{ly co~a~cd by thiti mcv:~
sg~, w~th ~II pernwmS ~h~~con ps~d ~n (uil. fire inw~ance +o tM ~suai ~rande~d po:~cy form, ~n •~~m ~y~N4yCt~ by ~i~e h1JR:'v:.'vEE: a~~d +~;~dstam
~nsu~~nc~ in tF.e ~?wl siaoda~d po~.cy form, i~ a s~m approtird by ~he MORiGAGEE, in such company o~ cornpan+es as d.e 1NO~ivAGEE may
d~rru; ar.d aU (Ire and w~nJstprm insurance po'~c~rs on any u( s+~d bu~Id•~+ys. any i,ver~s~ ihe~rln ur part ~hrrtof, .n ~he agg.<9are ?um •ioreis~d o~
in excass thcreol, sl+all co~~mn ~he vaual Standard rnOrtgege! uauie eN wch o~he~ cla~se ~s ih~ Ma~yaye.r mey requ~•~. ma~~~~ nw ~css u~~Jrr se~d poii-
c.cs, each ~nd every, para5!r to aa~d A~JRiGAGEE as ~~s ~nterea~ may appear, and each a~~d evrry iucA pu:~cy shall be prompuY e» g:~ed a~a! dr:~.~r~d ?o
~ny held b> ss~d MORIGAGiE as Iwrh,;r security ~o aa~d ma~gage drb~, s~~d, r.o~ kss tAan len (10) days ~n ad+ance of the e+~p~~at.a~ of e,+ch poi~cy, to Jr
t~~er to sa~c1 A~ORTGAC:EE a ra~eaal tl~ercof, ~o,~e~her wr~~h a rece%pt fM thl~ p~rn~um oi svch re~xwsi; and ihere shail be no 6ro or wr~~siam insurance
plxed on any of ss~d budd~:ya, any inlcrest there~n w pa~t ?herro(• un:rss in the fprm a~xl w~th Ihe ~ose payable as a(o.esaid; a~d in the event an/ wm
ol money lxcomes payable uoder s~ch po!+cy a paLuea seid A10R1GAGfF ahell have ~hr opt,on to rrcr~v. a„d app~~ the ~a.ne on ar.o~:~i o! ~he ~~~;1rb~rd-
ness secv+ed hiveby a ro pormil sa~d rAORTGAGORS to receive and use i~ or sny pan ~hr: w1 1~r o.~~r~ ~.u~;~osra, ...uw.,~ sh,-..u, w.:..~ ~~~~;w~r•
in~ ~ny equ.ry, Ge~ or r:yh~ undar a by virtue of this mo:`gaqe; and in the evrnt ~a.~ MORIGRGORS shail 'or any reason 1ai1 ~o keep the aa~d p~cm~srf w
~mv~rd, a faJ lo de~~.er pron.u~ty any of s.~id polK~es of inw~anca to ss~d MGRiGAGEE, o~ fad ptu~~Nrly to pay lu~ly any p~e~~~~.,~n tl~rre4w w in anr
rrspect tail b pe~(orm, d~sck~rge, execv~e, effeU, con~ptere, canpty w:~h and ab~de by eS;s cove~wn?, a any par~ h,rcol, sa~d MGRivAGEE ~nay piacr a~~o
psy (u such inaure~te or My pa•? thereof w~thoul waiving or affecting any option, lien. equ.ry, ot ~.ght u~d~v a by virtve oi ehis Mo~~ga9e, and the
fu1~ a~na~m of ea<h and e.ery svch paymero shetl be ~mmedistely due ard payabl~ and shad brar int~r.•~t frrun ihe Jata thereof uo~il pa~d a~ tha rate oi
n~r,r per canwm per •nnu~~~ .n~d to~r~her vv~~h such :nfr~esr shai~ !x sacw.d by fhe lie~~ of th:~ mortgag..
1_ To permir, commit or auf(er no waste, i+npairnieot a detenocar;on of fa~d propcrty p any paal tA?reof.
5. io pay all and siryul~r the casts, cMrges ~nd exp~nses, ~~+dudirx~ a reaso~abte atiwney's fee and cos?s of abs~rada of ti~!e, incurr~d or pa~d at
eny time by sa~d MORIGAGEE, betause o+ in the evenf oi the fa.lure on ~hr part o~ ~~e sa~d A10RiGAGOR ~o du~y, promptiy ~~xl iu~ly prria~n, d~scharge,
-aec~te, etf~c~, comptete, complr wah end ab.dt by each and every the st~putee~o~s, ngree:nrnts, co~d~nons, and co~enan~s oi sa~d pra~n~sscry nuu •nd th[~
:nxrgaye any or e~~t+K, and sa:d cosn, cMrges and expenua, eech ar.d eYC~y, shall be im~nrd~et-ty due and payabte: whether w not ~he~e be ~+once dr r
:-~and, atte~npt to collect w suit pe~xl:ng; ~nd the fvll artwunt of ea:h and ever. svch payment shall bea~ inr~rest 4rcm ~he da~e therco! untit pa~d at ~he
r, re o~ nioe ~xr crntum per ann~-n: atx: aU seid tos~s, char9es and eapenxf ~ncurrtd e! pa~d, toytther w~th svch mterest, shall he secured by t!x I~en ol Ihq
mwf9i~f-
Tl+at (a) in the evero of an~ 6rnach of this lNortgage o~ default on the part of the M~RTGAGOR, or ;b) in the event any of sa:d fums o( mo~+ey
herein reFenrd to be r~o~ pro.nptiy and f„tty pa~d vrit!:E.^. th.rty t?~?! ~.•ya ne.~ a`trr the s.+~~~e serera:ty become dut and pa/eble. w~thouf demand d nonce.
er ;c) in ~hr event each and eve~y ~he suputations, sgree:nents, cond.t~ons and covenants ot sa d prom~sso~y no+e a.~d th,s mortgaye any w e~the~ aro no1 ,s
~~ly, ~omp~ly a~d ful~y perfwmtd, d scherged, eaecuted, effectcd, completed, tompiltd w~th and ab~ded 5y, then in Eaher a+~y svch event tt~e sa~d aQ ;
~~egat~ wm meroaned in sa~d pron,~sswy note fhrn remainir~g unpa~d, wnh snferos~ acaurd, and a<I moneys secured hereby, shall bccwne due arrJ pay- _
eo:e futhw~th, w therea4ter, at ihe opnon of sa~d MORTGAGfE, ea fully and comp!erely as ~1 ali of rt.~ sa:d sums of muney wert w~g~natty t~~pu:ared ~
fo be pa:d on such day, anyth~ng in sa d pro~r.:sswy note o~ in this Nlortgagr to the co~rra.y noeH~~hsta~~d~:.g; and fhere~pon w thereafter a~ the op~~on of
sa.d MORTGAGEE, v~~fhout not~~e q(~~!1dnd, suit at law ot in equ~ty, therefore or thereafrer begun, may 6e proaecuted as i( sil moneys secured Fr_reby
nad mat~re-~ pr~w lo ~~s ~nttit~reon.
7. That in the cvent that et the bcglnn~ng of ar ~t any ume pendi.g any w'e u.~o.+ ~h~s Mo~tgage. o~ ro forettose it, or ro rrform it, or to enforc~
~3ymt(If o! any ds~ms I+t~tunder, aa~d MORIGAGEE sh~Il appty to ihe C~x~n hav~ng ~u:nd:ct:on r6r.rof for the appo~ntment oi • Receiver, wc6 Co.nt shait
fc,rhwirh ippo~nt a~ece~ve~ of said mottgaged prooerty all arxi siry~l~r, 3nctud ng ail a~~d s~ng~~ar ~he income, prot~~s, :ssues aed ~evenues fran wherever
r~,•ce dcr~ved. eact. a+d eve~y of wh.ch, n be~nq eapress:y undrsTOOd, ~s hereby mor~gegrd as ~f spec~hcai:y xt for~h ~~d tiescr~brd ~n ~he grannng and
h_jbendum ciauxs herrof, and such Rece~.er shat~ ha+e a~t the b~~ad a~d effKr,~e ~unc'.ons and po:.ers in anywue en'rvstcd by a Cor.t to • Receirer, a•-d ~
s_ch appomsment shetl bc mede by svcMCowt as an ad~.+ifred equity and a ma~rer oi abio':.,re ngh~ ro sa~d MJRTGAGEE, a~d v.nheu~ re~erer.cr to ~he
a::equicv a~^adrq~acy of the va~ue of Ihe p~operty mwtgaged o~ to thr so.vrnc~ or ~nsu::e~+ty of sa:d MORiGAGOR or tht detr~dants. •v~d rhat svch
~~•~~s, prot~rs, ~~corne. ~ssues and rever.~es sha11 be app+~ed Ly auch Rece~ver ac.ord~~~g to ~he l:en or egu~ry oi sa~d MORiGAGEE and the pract~ce ~f sv~ch
Cp~rf. ~ t
8_ To du!y, promptiy an~ full rfwm, d~xhar e, e:ecute, effect, co etc, tom ,t w~~h and abide b each and ever the sti iat;ons, a reements, f
y pe g ~*+P~ F ~ Y Y P~+ 9
;•~~dna+u and covrna~rs ~n sa~d prxn~ssory note and th,s morrgige srt fo~~h
9. Tha~ ~he event ~he ewne~ih~p of ihe mortgayed pre~~~ses, o~ any part ticereo(, becomes vesied in a pe+aon other Ihan the MORTG4GOR, the
V^RTGAGEf. ~+s s~cccssas and ass~gns, may, wifhovf nc~~ce to the A10RT(;AOR, dea: w:~h such wccessa a successo. ~n mtcreat w:~h refere~ce •o ~h~s
~~•~gsge ar.d thr drb~ hereby secured in the same manr.e~ as wnh Me.tgagor w~~ho~t ]n any .erey v~t.ar~ng or d~xharg~~.g the Mo:rge9ori :~~b:'•+?y he.e
'^der q upon tne drCt ~e~eby sec~:ed. No sa:e Of tht F~em~ses herrby mortgaged •cd na forbtaran~e o~ the pan ef the MORTGAGEE w i!t Sutcesaon
c• ass~g~s a~d no ea~ens~o~ ot the t.me fo~ tt,t peymem of the dcGt he+cby sec~red g~ven by the MORTGAGf~ or ~ts svccessws w ass.gns, s~~atl opera~e
ro.e~e~se. d~scharge, mod~fy chenge or affect the orrg,nal i~ao.s.ry of ~he AARTGAGOR hrre~n, e+ther in whoie or in part.
10. It is spec:f~;a~.y agreed ihar rime es of the csaence of thfs co~aact and ehat no waiver of any obt~gaf:on here::nder o~ of the obli~atan sr
c_.red hereby shal~ a~ anr u~•r thereatfer be he!d fo be a wm.er of the te:ms hereof w o! the insr.umem src~red hercy- f
11. Ifl dJ . . c ~v <"~J~. . i Y ~ oi.v .:'v ii . .._.1 .1... r ~.`.~•r In_~..a.~ .n..._.i~i •i ~~r [nY~nant~
yo~~:.:~~i3 v y".-.
~ aqr.es ro ,ay.ro rc'~y•3c'e +..:h ee:~ on•h y p~,: enr en add ~o:•at sum est.• areu 6r mo•tyi3zz,te,tx eq~a^ra 1 12 0~ t:,e an:~_at cost,ol ihe fo~~oa-
A-i.ii •~,a• i:~c{:.,••i 'a¦_s ~e..:~ o• asscss_~o ag3r~st thc. at:nve drst~,'.cd rea~ e:Tate-
! B--Pr.-n -,s on t:•-• ~~d w~^.~s~e.m inw%arce as nere:n reqv red to be ca~n«d en the .r,,..ove~ne~~s s:•vate on thr above desc~~bed prenuses.
C--Pre.•~:_^~~s o^ .-:ch ••~o:t~.~ge g~a•e~ty ~nsu!a• ce as my!ga~ee s~e~,f 'ro~-~ ~^-~e ro e~•ne dre:n fft f0 carry or. t!x loan secvred herrby.
` ~~~r•ga7~o s~, '.t•~~ *o t~:nr no~,fy mer~y~c+ ~n w~~t,ng of Ihr a~ro.,~t jue and payab!e hereundrr and s~ch s.im shail t1w-:rupon be d.:e and
j .,+b:e en ~nr i;e c. •e cf ~r.e . ~:o~ih ~~:a~mrnt a•~d each soccess~re ~ o•~rh the~eafr~r w!k mortgagee tiha'~ noe.fy mo•igagw of a cha~ge in svch
~ ~,nr. Sa:h s,:-~.s s~ ~ :;e a~:j ~..-d'by mortg~~re rov.ard payme~* e+ rei~ p.oFe~t~ ta~es. ~nsura:~cr prem.ums, a:~d mortyage gua~anty insv~ance
. _.Y.wms. .
iN l'rtTYE~~• :.'~cRc(~f 'ne sa:d MORTGAGOR has hereu~to ;e• his ha^d and s•~oi the da~r year first a~wese~d. ~
Sgned, Sea:ed and de4~vered ;n the preaer+ce of: 7~i / ~
_ ~ _ / s t!v • Lt, ~ / ~C C l eC rSeaO
1 A . ~ Jan~ W. McCu oc _
- _ ~ ` ~---tss•n
' ct~--tit _ , c_ ~ - : 1~~, ~
~ " ~tn s~~ _ ~ice L. Mc oc _
~l ~s---~-j-~-~~ tse•~?
/
~ 5':.TE OF FLORIDA~ ~ .
~
~~~UNTY Of ? I
Befwe me personaL'y appeared •JdK= w• ~C~lIlOCh - and
_ _ _ _ Jd~1iCe L• ~uljOCh h~s wffe, to me well known a..d krw+vn to me to be
•^e ind~v~dva:~ descr~ced in end who eaet~:ed rhe foregoirg inst~umenr, and acknowlcdged before me that they e~cecuted the s3me for the purposes
,.,v•.~n expressed. And the sa~d--- .ja.I11Ce L.• ~"~CC~IIZOCtI
~ te of the serd `~ilei'i ~1I~~ MCCIlllOCt1 ~Wn a separate and p?iwt~
_.am:na+.on by me taien :epa•ate and apart fro~ her sa[d husband, •cM~+ovr~edged to and oe+ore me tnat she executed said instrument fresiy and volun-
~a•,~y and w~theut sny com~;~IS~on, co~sTraint, spprehens.o~, or fear of or from her wid h~sband.
WITNESS rcy hand and off~c~e! seal ~h~s_ day of___ `July - - A. G. 19 71
A
~ ~ : iZ-._i~~ : ~~~Gi~'1
~ z
~
Notary Public in ~-+d iv tF?e State of fbrida ~y tuye
~ ~ My Commus~on expirea:
~ Retvrn To: +:pilti.?I ii:3ZiC, SiAi~ Of ~Fi!?Q:~~ AT i.?:?if
~ First Fedcfal Savings b loan Assoua+.on !~dY CG:.I':ij~tOi~ EXPlR~$ F?i!• 12, ig74
~ or ~~.f P F; BONOED THRU FRFD ~II. DIESifli~0it31 7~
~ Fo/t P~erce, fi:,. dj , :
~:r,~
• i ~ ' ~
.
Richard K. K 2~~ : . ~ ~
~ This Instrument Prepared By ~MO RECOROE6 ~ - ' ~ ' ~ " ' =
First Federa! Savings b loan Association SL LUCiE COl~Mt~ Ft~. = ~
- of Fort Pierc~r Flozic1a ROCER POITRAS ' "
~ CLERK CIRCUIT COURTi?~„ L~'~ ~ ? -r; ~ _ ~
AECQNO YERIi1E0 ,
~ Checked By • - - . • . .
~ ~ 1l 2 4~ PM'71 - _
~
~ 8~194 782 - ~
~ ~
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