HomeMy WebLinkAbout0894 3. to p:xs •nd conr~nvouily ?eep on the bu~•d~np• ~+ow or Mre~fe~? urwt~ on tia~d land and on eti eqv:p•.:en~ and pe~ton~lly tov~r~d by Ih~~ mpt~.
+4~. w~~h •~I p.em,ums t~ers~w~ pa:d ~n lull, f~.e insv~~~~c• ~n tl+~ ~s„ai s+a~ciud po~~cy form, i~ • w~~ a~.~•ro.d by ~he MOR~GAGEE, a~~d w~~klltam
:n~w~nce in ~ha uw~l •randard pol.cy lorm, in • svm sppru~ed by rM AK)R1G1GfE. in sucA cwnp~oy or cwnpa~i+es •f ~ha MORIGAGEk m~y
d~rK~; ~nd ali fi~~ an~ w~nduorm i~wisnce po~K~e~ u~? aoy o~ sa~d bu~~d~~:ys, any inte~os~ ~hF.~e~n w p~~t ~hereut, ;n ~he aggrcga~e s~m ala~iaid or
eYCes~ ~here~af. sM~! conu~o ~lu wusl s•,.ndard ~~w~9eqee c':a~ie w~uch o~her ci,,,sa ~s rM Maeysysa may rcqu~r~. n~.?~.Nj +he ~oa v,ule. ss~d pol~
c.es, eich and eve.r, parab~e ro is~d A1pRTl;AGEE ~s ~tt ~~~err~t nuy ~N{xu, and cach and every auch pu:~,~ s~~aU be p~o.npt~y assy~~cd and dr~wr~cd ~o
•ny heid by sa~d MORivAGiE ~s fur~her secun~y ~o s~~d ~no~~fl.+~e ded~, a~.d, no~ Iess tMn ~en l?0) daYS +dY~nce of ihe e¦y..ei~a~ o~ e•ch poi,cy, ~o d~-
b.e~ to uid A10RTGAG:E a re~uv~at ti~e~eo}, toQe~F~ v~ith a rece~pt 1w ~he p~an:~m ol s~uh ronewai; a~.d tRero ahai! tx no I.~e o. w~~~dsewm ~naar~c~
placed on ~ny ol s~~d bur•d~ngt. ~ny ~Nr~ctt there,n or part thr~eo{, un;es~ in ~he (orm ~,u} w~:h ~he tci~ payaute az efae~e~cl: a~~d in Il~e evenl any sum
of ~,oney becomes payable w,de~ s~ch ~,..licy w pol~c~~s ss~d MpRIGAGEE sh~H have ihr opt.or~ ~o rrc:,~c o.x! a~~:y e~~e w~~~e on au.w~~~ ol tAe ~~~dao~rd-
n!'tl sec~.ed he+eby a M~a'(rml f1~d MORIGAGORS 10 (Kl~vO i~ N1Q 1~ Of •ny Odrl Ihr:CU1 fJf 0:~~.'I Fai~~.G1c:. ~ti~lh4ut thr...it x.+~.~..) W u~~a.H~•
iny~ any pv~ty, S~ea o~ r~ght u~+der a by virtue of th,s mo:'q+ge; and in tM evcnt ta.d MORiGACORS ahall !a any reason fail to kaep the sa~d prem~scs w
~~w~rd, w f~it q del~~e~ p.unp~ly ~ny of setd pot,uea o! ~nawa~c~ ~o sa~d A10RTGAGEE, e~ f..d pr~mH~ty to F,ay fui;y any p.r.~,wm ~he~eto~ w in a~y
.espec~ fail a perlorm, d:acha~ye, e:ecuee, •ff~c1, eomplNe. canply wi~h ~nd ab~de by rh~s covc~ane, or any p.,~e h:reof, se~d MuRTGAGEE ~»ay p~ace •~A
pe?' ia ?uch insurar~c~ o~ any p~n ~:k~~f w~thout wa~ving or ~f(sctin~ any option. I~en, tq~,?y. or r~~he UrtclN OI bY v~rtue af ~h:i Mo~~gage. ~nd ~he ~
f~11 uno~,nt of e~ch ~nd e.ery svch p~ymen~ s~al! b.e ~rrunediately dve and payable a~~d sArll bear intcre~t 1~om ~he dafe thcreof untJ pa~d at ~he rat~ ol ~
n~~ie pe~ crnt~m pet ~nn~m oncl togr~he~ ,H~tA suth intcrest shai~ be srcurtd by Ihe IiM O~ th:s mortgage.
To p~~mir, commit a suf}er r,o vrasle. impai~ment w deeerwr~r~on of aa~d prope.ry a~ny par~ rl,c.eof.
5. To p~Y ~tl and slryvl~r tF+e costa, ch~rges aod ea,-~enus. :nclud~rg s reasonable aerorney'~ !ce and cosrs oF absrractt of t~Ne, incuned w pa~d a~
a~v time by sa~d MORIIiAG'.E, because or in the ev~n1 of the (a:iure oo the ~rt of ~he aaid MORTGA~R to dvly. pranptly ~~d f,lly pe~lpm, d~uharge,
-.r:vte, e11K~, canplere, compiy r~eh and ab.de by each •~x! every Nx st~p~:e~~ona, agree~nrnts, condmons, and covenanq of ~~d From,ssory note ar! ~hii
vrgsye any or e~~her, ar.c+ sa d costs, chaiqes and espensrs, each and eve+y. sha~l I,e im~ncd~arrly due and payau:e; MhetAe~ w npt rher~ ~ noh~e d~
c~erd, at!empt ro coll,K~ p su;~ pr~~dny; sod rM fvll ar.,oun? of eacA ~nd every such pa~n~rnl shail t~ra. imrres~ trom tAe date thercof untit p~:d at the
.,•r o~ n~M ~.Yf ce~tum E~r an:~~-n: a~~d ai~ sa~d cosn. charprs s~tid ex~r~~ses ~ncurred a ps~d. ~oyerl~er w.th auch in~e~est, tMll be securcd by the I~en of tha }
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A. Tha~ (a) ;n the even~ of any bruch of th~s MwtQage w defauit on ~he part of rt.e 1V,ORTGAGOR, w;b) ~o rhe evoro any oi satd sums of mo.~ey
hc.ein ~eir~~rd to be not pro.~p!ly a~fd +u ~Y W~, W~~hin th.rty (301 days ~c~t a~r•.r the sa~ne sc~era'~~ teco~ne doe and pay~ble, witfwut demand or ~?ouce,
~;c? ~n eht r~ent each and e.rry ~he ae~p~ at~ona, sgreemr~ts. cond~no+~s and covenanrs o1 sa d prwn;sso~y nore anJ M s mOtl9d{~C any o~ euhe~ are o01
i.,'y. pra,~pri~ ~nd /vlly ~,.er4ormed. d stharged. etKUttd. eltected. tanpleted. compLed w~eh and ab,ded by, then in e.~her or any ~uch ~vent the sa,d ag i
~-~yare s~~n rr.enhoned ~n sa~ pro~~+~sso•y rH;re fhrn remr~n;ng unpa~d, w~tn iore~ei~ aawad, arxf a~i ~none~s secured hereby, shall become d~t u+d pay-
,+a r lo~thv~~!h, cr rhereafter, at the o}~non of ia~d MORIGAGEE, as f~lty and comp:ete~y as il etl of sa~d swns of maney werz or,ginaity s~•puiaied ~
co be pa d on wch day, anyih~ng m si d p~o~n;sswy rw~te or in th~s hlwrgage ro thE CGNrary notwirhst.t•~d.:ig; dnd ~hereuyon p the~ealtcr at the pp~~on ot
sa:d MORTGAGEE. .+.r!:cut no+~ce o. demar.d, w~t at law w in equey, there4we a thercaf~er beyun, may be proxcvted aa if alt moneys secured her~by
nad matu~cd pr:ot to ~ti t~st~SUho+1.
7. Thor ~he e.cnt ~i.at ~t the beg~~n:ng of w at any time pend~ng any su~t upon this Mc~~gage, or to !aKlose it, or to re4xm it, or fo tniwc~
~-~~n+ent of ~~y c!.~~ ~s ?~r•e~~ndr~, aa~d MORT~,AGfE shatl •pp!y to the Covr~ ha~~~~g ~u:+~d,ct.on ~n,:~e~t ler thr ap,~.nnnent of s Rece~ve~, avch Coun shall
•~hw;th •ppo:nt ~+~~cr~.e~ of sa~d morT9ayed prooerty alt and singuia., inc'-~.d ng a;i a~~d a~~~ ju~a~ ~hr mcon:e, p~.~f~fs, ~ssues and reve~ves trom wbatever
s;.,~ce drr,~~d. each and ever~ of whch, .r be.•~q expressl~ undersfood, ~s ~crfoy mortgaged aa ~f spec~f,ceity ut fo~~h and desa~bed in the gr~ro;ng ar,d
h~;>r~,d,,m dauses hcrtol, and svch Rcce:ve. she:~ heve a!t the broad a~:d effecnve fu»ct.e:a end powers m a~yw~se erowaeed by a Covrt to a Receiver, and
s.ch appo~r.smcnr ahaii be made by svch Court as a~ admutcd equ~ty and a rtvrtcr of aL~sotute r.ghe ro sa~d MORiGAGFE, and w~thov~ refere~+ce ~o thr
ede~uacy M~nadtq~aCq of ~he wi„e o+ the proprr~y mortgaged or ro the so.va+cv o. ~nsa'.rncy of sa~d MORiGAGOR w the defrndants, and that such
>~~ts, prcfi•s, i.xane. ~swes and rerenues aha~1 be app:~ed by s~ch Qecr~ver accord~~zg ~o ~he ~~en w cq~;ty of u~d MQRTGAGff and the pract~ce of sucA
Court.
8. To dvfy. promFr;y srw~ fuliy pcrfarm, J:scha.ge, exccvre, eflect, comFifte. comply w~th ~nd abide by each ar+d ere~y the siipulationy, agrtemenlf,
;vnd~tions and covenants :n sa.d pro:msso:y ~ou a~td th:s mottgage srr forth.
9. That in the e.e.t ri,e ownersh;p cf the .•*o~rgage.: prcm~srs, w a„y par~ tF,ereof, becames vested in a person other than the MORiGAGOR, the
ti!~^kTGAGFE. :?s a~ccesso~s and ass:gnf, may, wrthout rot~ce to the h1pRTGAOR, deal wrth rvch successor a successor in interest wi~h reference to thls
^ c•+gage and the dr~~ r,c,ebt src~rcd in the same manner as w~th Alortg.~o. wnh~~t fn any way vit,et~ng or d.scha.g~ng th~ Mp~rgagon' liabllity h~:r
der or upon th~ d«r ne~rov srcured No sa'e of r!~e prem~ses hereby ~-wr+g,~qed ard no fa,Dearance on ~he par~ ot t1.e /AOR?GAGEE or its sutcessws
c• ass~gns ard no eate~s e~ ot tne nme for the paymem o~ rhe debt ~rrcby securcd g~ven by the l~IpRTGAGES or its successwa or asa:gas, shall opertte
ro re~ease, d•uharge, mod~ty change or aflect tne a~g~nat Gab:::ty ot ~he AtORfGAGOR nerem, edher in who:e o~ in parr.
10. It ~s spe; ~•:a'~y agrecd ~hat t,me ~a o~ the esunce of rh;s conrracr and tha! no w•a~.er oI a~y ob'~gat~on hae~nder a of tF~e obligsfion sr-
cvred hereby s?+ai: ar any t~r~e thercatter be neid to be • wa~+er of tFu terms hereof or of the r~sr~umef+t secu.ed he.by.
11 Irt a~'. _.•o ,tie fo.e~c ~,q ..:~,,•h'r f:a~n,-nr~ 04 pnnc pai and m~rr~s+ .eryu:.ed by The prcro sscry no•e se:u+ed tiereby. mp:tga3or covenants
_ d agrees re ~ a~ !o :-:c-tg~gee w~rh each :r~~neh y Fa~~: ent an adl:r:onjl s~-n ru ~ a~ed br n~ortyjgee to be equei to i 1? of the an :,;a! cosr of tht follow-
v.
A-A~.~ •ea ~:ope~r~ ~j~:s ~ev~e~ e~ ans,~~„i eg.+~~~st !hc abore desctb~d •ea~ esrare.
B- F•_ s o~ f.rt and w.ndsro• r~rs;~,~ce as he:~~~n .equ:r~d to be carned en the .mFVOVeme~ts s~uare on tha above Aesaibed prtmises.
C-P•r-._ • s o~ s~ch r-e~r~;ge g~.~~~~-~r :cswa~.ce as .r.o~tgjg~ shj:'; ~~c•-- r~-e fo t~me dee:n fir ro carry on the 'oan sec~~:ed hereby.
No~rgs?~e s`e ''•cm t,•-:~ tp -~e ~i'.F~ mcrry.~gc~ n»nt~ny of the a•rn,ht d~~ dnd p~yab'e herz~ndrr dnd wch s~~n sFaN there~aun be due artd
..abe o~ T~+r .i,c da•e of .he i rir »:~-.th ; pa~-re~:t and eac~ suctess~ve -rae~n tn~:eafi,: ~r.t~+ mc+tg~gee shatl nor.fv mur.gagor of a ctian~e in such
-_,,nr $uch s..^~s s~> ~e a,~~ ,rd tr mertgagce to«ard tix pa~ment oi reai properry raxes, insuraxe prr~ ums, a:.d mortqage guaraMy insurance
,..p._,~ums.
IN tiVITNE~~ ::HER:OF ~ne sa~d !/IORTGAGOQ has here~nto set h~s her.d and sea! the day and year firs+ a4oresald. 2
Sgned. Sealed a~d de;ivt*cd in the pr~nte of: " _ j
- ~ ~ `Y- I (Sea~
, ~ \ ~ ' ~-(SeaO
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($!~I)
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lSeal)
5"~`E OF FIORIDA
ST. LUCIE u~
_ J U "i?Y OF ~
Befwe me persona;ty avv~a~ed LlOyd K. $~lt~l and
~ 111~1f _~-~j~~-_ his wife, fo me well known snd known to me tp b~
..r +nd,v;dw~s descr;bed ~n and who e,eecu~ed ~he faegan~ instrument, and acknow;edged bcfwe me that they e~ecured the sarru tw tF?e p~rrposes
rh..e~n e~p.essed. And tFx ta:d____-___. Lllildll A~ ~1tfl
- -
4~ ~
oi rhe sa;d LlOyd K- S~1Lh uPor, a s ,ate ~nd p~~at~
°•3'^:^+:,o^ ~r ~e +aie~ upa*are and apnrt frcm ner sa~d hvtband, ~cknov~edged ro a~d befwe me that sFx e,eecuted said irµrn,.mer.t tt y,~nf/ yOlwt
'a~.ry ~nd w.!lwvt any ~pmpu:s~on, cons»a:nt, apprehens.on, cr fear of w irom her :a~d h~sba~d. J
{4 1
WITNE~S my har,d ~nd of~ic:a: xal thh- da~ o!~, Ll1~I ..19 71
~ \ ` ~ •
No~ary . b!K in and fo~ t Sf~Re of ilarid~ ~1'_tuy~: -
My Comm~si~on eapires: ,
ae~:,.~ 70- NOTARY RUBLR' STA7E QF F! QRIDA AT lAft(~'~" ~
F~r~t Feder~i Sawmgs 8 lwn Asaouata~ MY CQtnMISSlQN [?IP1~?E'' (yC'.i:. 1973 • - ~ .
o< :~,r a o•t~ GE~VERAt INSiJFt/INCE UN~ERWRITERS. I:VC. ' -
fon P...ce Ftcnd, 3- ~s-~ 21~97''7 _
. _ .
~~~LUC~E COUMIY ft~
This tnstrume~t Prepared By J. Cha~taln ~OCfR PO~TQAf
First Federal Sav+ngs 3 loan Assxiat~on CLERK CIRCUIt COURT ~~,j"~
~f Fort P~erce~ Flozida ItECORO V[RIf1ED.~..~~
Checked By WI~ ~Z ~2 ~ ~T ~ ~
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