HomeMy WebLinkAbout1710 3. To p!sce end coroinuo~sly keep on the bu~ d~ngt now o~ ht~eef~er •rtuats on sa~d ~and ar.d on al; eq~~p~•~rn1 ano peno~~ily covered by th~a mor?~
sge, w~~h all p.tm~~ms ~hr~con pa.d m f~il, f~re iniwa~ue m~he ~s~ai sta~~ard po ~cy torm, in a s~~n a~pro.rd b~ the A10R~v.~GfE, and w~ndatorm
~n~•,~raoce in ~he usual uandard pot.cy focn, in a sum a~:.~•o.rd by ~he MORiGAGEE, in s~ch co~rpa~y or com~~an.es aa eh~ StpRiGAGEE may
d~rec~; and ell li~e and w~nJsturm ~nsv~snce pa~c.es on any ol ~a~d 1w~~d~nys, any ~n~e~rs~ the~e~n or part thc~cof. i~ ~he ayg«ga~e sc:n atoresa~d Or
in extess tiweof, ~hall :omain the ~sual s~a~~Jard mortg~gte c:iux or s~ch othrr c~euse as the Mo~tyagre rney ~eyu.re. rn~?~n~ rhe ~css ~~~dr~ ~.+:d ~x+~e-
c~es, each ~nd r~ery, pa~ab'e ta sa~d 11JRiGAVEE as ~ts ~n~rrrsi ~nar +ppea~, and each and e~e~y evch ~:o:.c~ shaii he p+o~nNtiY assynrd a~d dr~~.ar..d ro
eny he:d by sa~d h10RfGAGEE as funh~~ secur~ty to sa~d ~*~o:~~~ge deot, a+:d, not :ess tt~an ~rn ~10) de~s in ad.ance o( ~he ea~u.~t~o~i o! each po:~cy, to dr
I,rer to so~d A1'JRTG~GEE a rahwsl thercof, togc~h~v w~th a rece~pt fa tht prrm~Lm of such ~rnrr~a~; a:~d ihrre sl~all br ~w i.~e o~ v.:~~duo~~n nwrsnce
y~,ced on any ol sa~d bv~:d~~~gs, any ~nra~eat ~he~e~n or pa.t thzrcoF, uritess in the form a+~d w~+h the loas pay~bte as afcresa~d; and in the e,~em any s~m
of money becomes payabie under such pe+~cy a poL:~es aeid MORTGAGEE shail ha.e ~hr opr.~ ?o rrc~~.~r ....d ~p,..y ~ti= se~~,e on eao.~.~~ of The ;~~d.:cT~•d•
n~ss sccured he~eby w?o prrn,n sa~d MORiGAGORS to rrcriv~ snd use it w any ,s u~:• ~•o~ ~o~ o:•,. ~i~ s. ...~•.:..e tl~ • J „'.P-"-
irtg •ny equdy, Ge~ or ~ght undrr or by vutve o1 th~s mC~:g.+ge; and in the event ~s d MURtGaGORS sh.~+l `or any ~aasort fril Io 4~•rp the sa~d premisrs so
~nsurcd, o~ fail 10 del~vcr pranptly any Of s.~~d pol•tir~ Of u~avta~Ke t0 Sa d MORiGAGEE. o~ t~~: ~,'cr,:;,!ty ro{~aY iu.;y ony p'c~~::~•n tiicr~for o~ ~n a~y
resp=ct lail to pe~lorm, d~schar~e, e~ecutr, eftccr, ca~+p'rta, con~ply wi~h a~~d ab~de by th.s cov.:~~a:~~, or any p.~r? harrol. s.~~d htv2i;',AGEE ~~ay p~ace a•~o
pay (u such ins~r,,nce u~ a•~y pa+t ihereo) w~tAout waiving ar afFrcring any op~~on, i~e equ.ty, or n;hr u~~de~ or by v~~~~e of rh;s Mafg~ge, and th:
t~il a~novnt of each o:~d t~rry svcA paymem sha31 be ~min~diate!y d~e a~~d payable ar~d sh~!I b_.a~ frter, st tro~n ~ha date tF,rreof u~uJ p.:~d a~ the ra!e of
n.ne ~xr :_~:•uen per ar.nu:e~ dnd to~rtha~ w~th suth ~nt~:~•st sna~~ i~~c~ ~~~d by ti~e i~0n o( th~s r.~ort~.+g~•-
io p~:mit, cc:nmit or w(fer no wa?te, impairn.rnt w derenoraa~en of sa~d property o• any par~ ~Fkreof.
5. To pay alI and sing~+a. ~he costs, charges and etpinsrS, :nd~ding a ~rasonab!e attome~~'s iee a~d ces+s of abs~.:.cts o( ~it~e, inwrred w pa~d a~
eny time by sa~d 1110RiG.1GEE, lxca~se d in the event ol :he ta~wrr on tne part of ~ne sa~d ~~ORiGaGOR to d~,y, pro~~~prfy and futly pr~fo:m, d~scharge.
:,ecure, effect, canptete. co~nply w~th a~xl ab.de by each and eve.~ ~he at~p~l~+,or.s, ag~~^•~~~~•~~fs, co~~ci~t~ons. a~~d co~r;~anrs of ao~d pro•~~„sory note a~~d ~h~s
,;o~rgage any or e~~her, a~Kl sad cosrs, che~9es and e~pensas, each and evcry, sha~l br ~+•~~*~<d~a:~'y d~e a~d pa~aL:e; v.h~ihrr or noe ~hr~e kx ~o'~ce d~
^,and, atte~~~pt coliect or s~;~ prnd.n9; and the (uU a~nouro ot each and r+ery suth pay~ni-n1 ah,? b~•a~ ~~~r,.•res~ irom the date ~herrol u~~~~l pa~d a~ the ;
~.:,e o~ n~~x per crnt..•,n y~r a~~~~~,r, onc: ~u sa~d cosrs. char9~a and ~•.,srs ~nc~rra.1 or pa~d. ~w3rt6er ..,.ih svch .nttroaf, s:w+1i be arcurrd br ~he i~rn ol th~~
~
mottgage.
b. Th:f (a) i~ the event of a~y brrach o~ this Mortgaye or CIC13U~f on iir_ p3~t of thr A10~TG~~G~`R, or ,h~ ~n the event aiy of sa d sums of money i
hare:n ref~~rred ro be not pro~*,p:;y ~r.d tv~ty F:a+d wnh~n ~h.rry ~3J~ d,,rs ne.: r'_r +E,c s+.,•e sr.•era ;y beco„~e J.:r and payaL?e. v~nho.,t demjnd or nor~tc.
or (c) in the eve~t each and evrry ~be s~~p~:ai~ons, a9reements. co~~d•'.o~~s and covena~~ts of sed ~~ronusw~y ~o~r ~nd eh.s mo~tgage an~ or e~~?u~ are not
i„ y, prwnptly and 1u!!y perfo: ~r.ed, d xha~g d, e~rcuted. effecTed, canpleted, compl~ed .v~ih and aL d~-d 5y, then ~n e~iher p any svch eve~~~ ~he sa.d ag-
~~~•qate Sum mtNwned in iaid prOm~ssorv nete th2~1 remdir.in~ unpe~d. ~v~1h i:itr~e.t dcCru~t~. and a.l ~noncyS SeWrrt~ hereby. St~s~i bcCUme d~~ and pay.
forthw~rh, or therra`.ter, at tF+e op!~on of sa~d M0~2TGAGFE, as 1~I~y aod compieteir as ~f a11 oi N+o s~•d s~:*~s oi muney were a~g~~a!Iy s~~pu.ated
ro br pa.d on s~ch day, anyth~ng {n sa.d p~e r.:ssory note w~n this Alortgaqe to ~he comrary r.ota,rhsf~~:d.•~g; a~~d th~~rupcn w?h<<cafrcr s~ the opt.on of
s,.d MORTGAGEE, w~rho~r not~ce or de~ne~:d, awt at law w in eqwty, the~efore or the+eat~~r b~-gun, ?~ay be prosecuted aa ~F al1 moneys sec~red hereby
n,d n,etured p:+ot te ~ts inshtut~o~.
7. That in the event thar at the beg~n~:ng of or at any nme pendin.g any w:t upcn ~?,~s Mortgage. or to fo.ec!ose it, or to reform it, or to e~force
F.~.mfnt ol any t•~+ms hereu~~der, said h10RiGAG:E shail apply to thr Court hav.~•g ~u~~sd~ct~on tnereof }or the appo~ntmrnt of a Rece~re~, such Court sha~l
F.rth,~rth apF'e+nt a rece~ve~ of se~d mo~tgegrd proorrty alt and si~vtar, incivd ng ~~t a~~d s~~~qu ar t~ e~rr~me, p+o+~}s, ~isces a~d reve~:uis fro<n what~ver 3
:.~rce dc~~~ed. each ar:d every of wh,ch, ~t beu~ eapresa~y undr~arwd, ~s Fe:eb~ mertg3q~-d as ~f speci~ca:ly set forth and destn~~ in rhe g.anr~ng a~d
h~nend„m c!a~ses her:~of, and such Recrlve. shau ha~e alt the broad and e+fKt•ve fu^c~o~u a.,d p~,ren u~ a~ywne entrusred by a Lo.,~t to a Recr~~er, and
s.ch appo~nfine~~t sh~ll be made by such Court rs a~ ad:nite~ eq~~ty and a rraiter of absowtc r,ght to sa:d MvRiGAGEE, a~d w~:hout refererete to the
n:ieavsty o~ ~~ad~q.,acy of thr vaive of rhe prope~ty mc~tgaged or to ti~e so.vrncy o~ ~nso:venc~ of sa~d N.ORiGAGOR o~ the defe~~dants, and thet svch
_•~,rs, profns, uxane, us~es and revenves sha? 5e app:~ed oy svch Recr~ve~ ac:ord.ng to the l~en w eqvity ol sa~d 61CRiGAGEE and the p~acnce of such
Court.
8. To d~'y. p:ompt:Y a~d fuSly perfo.m, d~scharqe, execute, elfect, ca~+{~lete, cvn,piy w~rh and ab~de by each and every the stip~lations, agreements,
r.di!ions and tovenants ~n sa~d prom~ssory note and th:s mortgage set forth.
9. That in the event ~he ownenn~p ot ~he morrqaged p.em!ses, or any part ti~r~eoi, c~K~~+~ra .rsted in a prrso~ c:her t4a :::.c ^R?GAG'.?R, akc 4
:t~RTGa(=fE, in successors ar.d ass~~ns, may, without not~ce to ~he •~~ORTv%-O~, dral w~th svch successo~ or suc~essor in mterest wnh refrrMCe to th~s ~
o•tgage and ~he d,~ur he:eby sec~red in the same ma~r.er as w~th Llorrgago* w.tho~r ~n any .vey vn,a~ing o~ d~xharg~ng the ldortgagors' :iab~jity herr ;
:~~der or vpw+ rhe drot her~bv s~•c~red No s~:e o/ ~he Fremisrs h~-re~y rnoetgaged e~d no iorbeara~ce on ~he par~ of the ?~IORTGAvEE or its su~cesson ;
cr ass~gns and ~o e,.rers=on ~t ihe n:.,e for rhe paymen~ ot the drb~ hrrcby secur~d gwen by the h10RTG~GEE o~ ~ts succe:sors or sis:gns, a:ial! operate
ro re~eau, d~scharge, mod~fy thange ar alfect the ong,nal liau.lny o4 the MORIGAGOR herein, e~ther in whoie or in part.
10. It is spec:f;catly agrred t1~at time ~s of the easence of th~s co~tract and that no waiver of tny ob:~gar~on hereunder or of the obligation st
c~red Fxreoy sna:i at any time ~fx~rat:er be heid to be a wmv~~ of fhe terms hereof a oi the instru+rent secured he*by.
tt. in zJ~.r.o~ !o the io~egen~ month°y pay~cents o! a:~~cpal and m•~~res~ re~~~r~d by t4~e prun:sscry nc~e s.cu~rd he*_b~. mCrtg~gor eove.^.ants
_~~gre~s to ~~sy ra ,...r~:,euce .•~~h rach r,~en•hy i.a.~ ~e~:r an ad~'.~~o~al su-n ~s' - a~rd b; r~o•tyeye~ to be eaual ~0 1 12 oi i13r annua! cosr of the fo:tow-
q_~; r:,~~ r,~F.~•-.~ t3w`S ie:~•~~ or as:ess_d ag.~~•-st thc a~o:e descr~b<d re-a' es'are.
S F:, ._,-,s o~ f;.c ~r d w.~-cis'o••*, ,nwr3~ce as re~e,n rrq...red to be ca•~~• d c~~ ri~e ,:roveme~ts s:t~ate on rn-_ abeve d_su~bd premises.
G-Pre•:-•~v,rs o^ evch e~orr3 ~ge 3~ar3^ty icwra~ ce as mo-tgagee sha;! fro~^ : me ~o f:me d~em fit to cany on t1e ioan secu~rd hereby.
! Alortgagre s^., !o n:~e rc!~fy merryagor wnhr.y of th~ a•ro.:~t d.,,- ard pavable hereu:ldrr and svch s;.-n shali thrreupon be due and
` ..~o'e o~ rh.: ci~r .:,+•e o: tne n•~.r n~o^th:; p.~y•rent an~ eac~~ s~cc~ssive mo~~:fh tne~ea!ter ~cT~! mortgagee sha!I not.fy mortga~u~ ot a change in such
~ ~~~n*. S~ch su~~s sr :;e arF• ~rJ uy ~nortga~ec ro~.a•d the payn~ent of reat propert~ taaes, mwra:xr prem.ums, and morrgage guaranty insurance
j . c ^ivms.
f Iy ';:';;:.SS NE?:O~ '~se sa~d h~ORTGAG'JR has hereunto set his hacd a»d :rai the day and yryr fint aforesa~d.
~ gned, Sea:ed a~u ~:~'~.e+ed the presence of: 1
~ i fIIED ~l'~n RECORDED f
Y) ~'j'LZC
[ - - ST.lUC1E COUMTY flA. ~ nr ~ a w ~ ~S`a~~
o _~t ~ • ROCER P0ITRAS _ __-tSes~)
; ~ i~-- s - CIERK CIRCUIT COURT.~ ~
~ " RECORO VERIfIE~~ - (~a~)
~ - - - - (Seaq
S"A7E OF FLORiDA ~ A~ i0 i0 z9 aM'~' ~13500
=~U~fTY OF CJ't? T.LICle ~
Rada M. Conrad~ a widow ~ -
Befwe me penonatly appeared ~
_ - qC~7E, fo me well known and known to me to be
~ ind~v~dua~~ descnbed in and •Nho exec.~fed the foregoing instrument, and acknowtedged before me that t e~cecuted the same for the purposes ;
. ~OQC ~
rh~~e~~ express?d- - h-
r~ ]ipO00D0O[ - - - - - - - - -
~
n
" WITNES$ my kand and offiral seal fh~s._ _ day cf_ _ u uSt____ A. D. 19_Z~
x
~
~ 1 ~
~ . - ~r~.- ~ ~
~ Notjry Fub,~c ~n a~d fo. the ate f Fbrida ~t lary~
My Comm,ss:on eap~rea: ~2t~~~~ /Cf
Retum io:
~ f~rst Federal Sa.mg~ a loan Assooar.o~ ~Q-//- 7/ ~i: .
.
~ Fo.t~.. ~~~t r:~ ~PZ -y'~ . ~ -
. - .
~ . 'r
~ ~ ; ~ ! .
~ Th~s ~nstrument Prepared By RiChazd K. Kayes ~
~ First Federal Savir,qs 8 loan Association - ~
of Fort Pierce~ FloZida ~
~ E~~~194 1 ~09 $
~ Checked By IJr - - i
~
~ ~
~ ~
~
'-a i ~
-
_ _ - - -