HomeMy WebLinkAbout2508 3. To plxe and c~tinu~sly krcp on ~he bui'd~ngf oow ~ herea}t'>` s;tuite on se~d ~end and on al1 .•q~~+.~nent and pcrsonaliy co:cr~d by tl+it ma~g-
~qs, with ~II prem~u~ns Ihttton pa•d ~n full, hre iniura~~ce in iha us~sl sta~kiard ~w'~t/ lorm, ~n a sum aHNru+rd bV ~1ie rdJk~.,~'.l+:E. a' d w~:~ds~w~n
•..s.,•i..ce ~n tha ~wal s~rndard poLcy lam, in a w~n eH~xo.rd by ~he AWRIGAGFE. wch ca~~;~any or co~+~~~rn~es .+a ~~~e htJ~tlt;AGEE may
d~rec~; ~nd sll fire and w.ndsw~m iowrence pot~c~rs a~ any of sr~d tw,~d.~+gs, a,~y ~nrorvs~ ~h<<e~n o. ~w~~ eh~~rrof. ~n ~he ey9~. 9+tr s~~~ alwesa~d w
in •xceu ~hereof, sh.+ll comain ths uwal a~.+:~da~d ma~9-~9re ciausa or such o~he~ ueuse aa tt~r A1or~yagre ~•~y ~ry~:ro. mo\~~~y ~hr ~ui~ ~~~dy s.~~d poti.
urs, cxA a~xl r~e~Y. W?~b'r to sa~d AtJR:GAGEE as +ta u~t<<ce~ nay appear, a~~ci ~ach a~~d ev.-~y u~ch p...c/ ~hstl ~ ~.ron,pry ~s; q,,.•J ..~.d dc;~+~•rrd ro
•ny heW by sa~d MORiGAGLE as lur~her src~~iry ~o said n~o~~~age d.ebt and. not !rss ~han ~cn (101 da~s :n ad..~~~cr ol ~hr e¦i,~~+e~o~~ 01 roch po6tV. ~o clr-
h~tr 10 3s~d A\ORTtiAGEE a renewdl Iha~eol, tOglthe~ w~th a rcce~pl !Or Ilie prc~n~um o) wtA renr~n,i: ~~~d ~1~rre shail b~ ~q I:ie or ~~~nJsti,r,n ~nwronte
p~xed on ~oy o1 ssid b~:ldi~x~s. any inte:est therem w part thercof, u:urss in ihe (o~m a•~d w~~f. thr Ic.ss psyab'e as ufo~rsa~d; a~J h~ ~i~e r:rnt any sum
of mw~ey bccanes payable u~der svch pol:cy or poLuas sa~d MOkTGAGEE sh.~N have ihe op~~o~ to ~rc_•~YC .,~:d apy.:y thr se~•~e on .,c:u~.~~ ol the ~~~d~•ci~-.1~
ness secured F~treby w?o pe~m~~ sa~d MORiGAGORS to rec~•~.r and ~se it or any ~,:r~ ~h..~~~1 to, sc~~. r~.,,~, ;.s,•s. ~..t +r.
ing any equity, lien or right ondr~ a by vir~ue of this morrgaqr; and in the ev.m sa.d MO~TIGAGORS shifl Ew any reason fai! to k~ep ~F~e ao~d pre+:~~srs so
insurrd, w fail Io deGver p+anptly any of sa~d po~~c~rs of ~nsura~.ce to sa~d MOR1GAGlf, or t.,~! pvom~,tiy to F:ay fu.ty a~iy n..~~n ~h~-<<•fw a in a•~y
respecl fail ro per(wm, dischage, eaccure, e(1ed, twnplrte, co~np~y w~th a~id ab~ck by th~s cov~nam, oe any part h:r.~o(, s.ud MuRl: AG'_E ~»ay p~sce a~o
paY fw su<h inaurance or any put thereoi w~thout waivi~.g or af(rcti.ig any opnon. 6en. eq~ny. or ~~c;he u„de~ w b~ w~~~e o! ~i~~s ti1o~~yage. a„d the
fuil amovnt o! eath ux1 evt~y w: ~,~+~mrm shall be ~mr.+ediately dve and payable ai.d shall b~•ar int~rest }~un~ Iha dot~ tlkrcof u~~td p..~d at tl~e rate of
~~,~~2 prr cenr~m per a~~num a~x! tu~r~hr. v.~~h wch intr~est shali be i~•curpd I~y th! 1+M O~ th.s mortg~ye.
1. To permit, tommit w suifer no waste, impair.nem or detenorohon of aa~d propcrty or any part ihr.aof.
5. To p+y all and sinyu~ar the costs, charges and ~x~x~~ses, ~nd~d~~g a reasonab'.e atrwnry's ~r•~ .+~~d cosrs of abstrec•s of t~t,e, incur.~•d or pa~d a~
en~r t~m.e by sa~d NtORTGAG:E, beca~u d in IF+e evem of the (a,~urr on ~he part of the sa~d M'vHfvAGOR ~o du:y, pro~•Ntiy a~~J 1u.Iy prrfo~~n, J~s~~e~ge
e,rc~te, e(Fect, canptete, cwnply w~tb aod ab.de by ea<h and evrry tlK s~~p~iat~ons, ay~r~••~~~~~'s, co~id~t~a~s, and co.r:~an+s of s.~~d ~.,o:~,;>wry nore e~+d th~f
i~ortgdflr any o~ e~~ner, and sa:d cosn, charges and eapenses, each a+xf ev~~~y, sh~H br ~~~~~^•~d~a~.•~r d~e and pay.+i>:~•; v.h~•r6~~r or not :h.-:e br ~~c~t.ce d•r
ma~~d, atte~npl fp to11Kt w suit pend~ng; and the fv~l u~nOVnt o) eaCh and ewrry such pa~n:cnt sheli 6ea~ ~nt~•rrst From ~he d~te thrrcof t~nt~l pead al Ihe
r~rr o~ ni~x uer ceowm ye~ an~~u:n; anc.' alt said ewts, chargea and c+:.c~~scs mc~rrz~d w pe~d, uiy~il~rr ..~th such u~:c~rst, stu~l tx s..~wr.rd by tt~e b.en of th~f
mortgage.
6. That (a) i~ the event of aoy bresch of this Mortg.~ge or defa.,'t on tM pa~t o1 i?~~• ;:.URTGnGt~R. or ,b) ~n the evrnt an~ ul s~ d s~,~r+s of mo~ey
hrrein referred eo be not prwnptly ar.d fully paid within th~rty t3U1 d.~~s nr+.t a•f... th,,~ s,~,~e ar.rra :y k,cco~•~r d~e dtl(~ ~)JyJV'e. w~t'riv,;t dc•na~.d o~ noncr.
~ ic} in thr event each and every ~he abYu!anau, agrerments. cor.d~au .s a~,d co.ananrs a! se d F ro:+:.ss..+Y r•o~r a~~d ~h s r.:;;: ia~yr ~~~y o. ennrr are not
iuly, pranptly and f~:ly pe~}ormad, d.scnarg~~d, execo~ed, effected. comp~r:.:d, co~np~~ed w.~h a~~d a: ,d~•d 5;, ~i+en ~n e.th~~ or any w~h evem ~he s~.~d ag
~'~`~~dt! SUT Tef11~0~1~ tfl si~d prpm~isoty fIOI! ~h2~1 rema~n~ng ynNdi(~. W~1~1 ~ntrrCit dC:~.ic'd. .f~~(~ .f~~ InV'1a~1 sec~~rd ln~rely, st~~lf t~.:c~~~~e d~e dnd par-
fonh~w~rh, w~he~eatter, at the opnon of sa~d M~RTGAG~E, as fu~iy a~d co+nplcTrdy as if a'I of tl•~~ s~~d s~~~~s of n:o~:ry v.crr or~g~na~~y st:pu.aird
to ~ pa.d on svch d.:y, anythmg in aa.d prom~ssOry iwte or m th~s Morrgage to ~he coro.ar; not.vrtF.sir~.:.~~y: a~~d ~hcrc~~:uri or t1,o~•~ai~cr at the op~~on o(
s~.i 610RTGAGEE, w~thou! r+ot~ce a demand, wit at ~aw a in equny, thrrrfore or U~ercaf~er b~g~n, nuy 6e prosec~rrd as ~f aft mo~.r~s srcured hc~reb~
n_d metwed p~~w to ita ~nst~tuboo.
7. That in the eycnt that at the bcginn;ng of or at ~ny ri:ne pend~ng any s~:t ~~on th~s A'.o•tn~~ye. w to foreduse it. or to ~eio~m i?, or to enforce
payment of any c!a~ms hereu~~der. sa~d AICRTGAGEE shall app~y to :he Cow~ hav~~:g iu<<sd.;~.o« an~^~ut fcr th~ appo~ntm~•nt of a ~2eu•~+_~r. auch Co.,~~ sh.,~l
ic:ihw+th appo~~f a.ece~~er ef said mw~gagcd proorrty all and a~~gula., inctud ng a:~ a~~d n~nv~;ar i~~e i~con~e, profirs, ~ssves .rd ~N~r~~~~s iran wh~fe+e~
i,~~•ce drn~rcl. eath ancl eve~y of wh.ch, ~t be~ng exuresslv understooJ. h hrrrby mo~rgiged as 6f s~~c.!~ca~ty snt for~h and d_-sc~~b.~~ ~n the gra~~~.~~~ and
h.bendvm t!a~tes hereoi, and suCh ReCerver sha~l have all the br,>ad and eFfctr.re 1u~~U.uns o~~J po.~,c+s ~n Jn~•riSC ent:uatcd by e Cou~t ta a Retc~.er, a• d
s,:h appointme~~t shell be made by such Cowt as an adnittcd rqu~ty and a matter ef abso~ut~ r~gM to se:d hlJRiGAGEE, a~~d v.~ri~cur re}r~e~~cr ro the
,,:eyuaey a~nadrgvacy of th~ valve of the properry mor:geged or to thr so venCy or ~r.so..rncy of sa~d MOR:GAGOR or rt~e d~:e•:d~•~rs. a~,d ih~t such
•s. prohts, ~nco~ne, iasues and revenues sh.+~~ be apph~d by such Rec~:~rr ec:ord ng w ti:e i~en or rqu~ty of sa~d MOR[GAGEE a~:d ti~r prec~~ce of wch
Co~rt.
8. To d~ly, p~ompr!y and F~IIy pe~form, d~scharge, e+ecvte, e~fect. co~+r~e, cwnp:y w~rh and ab~de by each aod every the at~E;ulat:ons, agr~;nenrs.
:o~:d~t~ons and covenanrs .n sa~d prom~sso+y note and th s morrgaye srr forrh.
9. Thet in Ihe eve~t the ownersh~p of the mongaged pren..ses, or any part therccf, becwnes vested in s person other tha~ the MORIGAGOR, the
:`~RIGAGfE, irs successurs and ass•gr.s, may, wnhovt flOTi(C to the .Y.ORiG~~R, dca~ wnh sv.h s~ccessor or succr~sx ~n ~r.ter.:st w~rh refer~r.ce to th~s
c•rgaye ar.d rhe d_-b~ hereby securrd in the same manner as wrth l.torryago• .v fhov~ ~n a~y .v~y v~~ a~ing o~ d•sc~~a~y~+~g ihe ldccrgagori +.~ab~~aY he*e-
, nder or uFwn fhe dro~ hrrru~ sew~ed. No saie of ~he p~e ~:~sPS h~reb~ ~~o~tgag.•d a~ d no ~crLeo~~•ue r~ the ~.a.i o~ ~`~r I.50R;;;AGEE er i:s s..urssun
c. ass~gns and no exre~s~on of the tame for the paymem of N~e deb~ h~r~by s~c~~ed g~.e~ by the 1:,OR?GAGf~ o- rts svccesawa w ass gns, a:~all operate
~o re~eese, d.scharge, mod~ty change or affect the or~g.nal t,ab ::fy of ihe h'.ORiGAGOR i,e.r,n, e~rher ~n .nho~e or in pa~r.
10. It is speofically aareed rhat t~me ~s of the esse~~ce o~ th;s contr~ct and that no waiver of any oE• gar.on hereunder or of the ob:igation se-
cured here~y sha`: at any ti~:e rhe~rafrer be he'd to be a wa~rrr of ~he terms hercol w of rhe ~~~s~rumcnr sr:c,~cd hcrby_
I1. In a~cfr~~ *o rhe to~eg.^~,q ,~n~rh!v PaY^•.~nrs of p,,,c;:a: and ~..,,~s! rr;.:~,d oy rt~•• ~,,e~„ss.rr nc~• s.c_+_d hr'cb~. . c-t~a~or ca.enants
±-~3 agrtes 4o ray tu n•o-rg~gee ~n~:h each r^omh~y paY~.~~e~v ar, 3e]:~~•~u~~rt w~:~ ~~se o'rd b~ mo•t~.~~e•~ to ~4: e.i~~.t~ to 1 i2 of t:~,e a+~~~u.~l cust of the fotiox-
3
A-1i: na~ ~.rope•ry t3xes Ie•~~ed o~ assessed ag~~•:ss r_ a>~o:e desc*:~~d ~_a! es•,+e..
B-i'r; ~n o~ f.re and .v~r,di!O~m ~nsusarce as i~e~e~n ~~•q_• red to br ca~r~-d en rhe :.rove-ne~u s:t~~t~ en ti~~ aba.e d:sa~~ed prem:ses.
C--Pr~•>':~^ s e:~ wch ~o-r~;ge g~a~anty ir.su.a~.ce r.s rno•!g.~r,~e sha7 frc~- +•^e 'o drr~i fit ~o carry on the ~oan sew*rd hereby.
~ ?Jortg,a~-e s~: ~~n T.~„r to t~~--e ne'~+y rr:e.ty33~• ~n ..~:t,ng of rne o,~t ci_~~ and p:+~abie hereu~ed.r and s3ch s.,^: si~ te,~•e~f:o~ br d..•e and
...ab'e on ~n~~ ~ oi ffiP reat r.:ontF..y ~ey~„e~~t a~•d e_ch i;;cceis~ve ro•.ih th,c. at! ~r v: t.1 mcrtg3gee s : not fy mo•e:}a;:o• cf a cF:an~e in such
•..~n~. Su.h s., rs s' :;e ar~:ied 6y mortgag~rr +o.~ard rhe y:a~rr+ent o~ re.+' ~;~ci-r~f, taRes. ms~ro:~c? pr :.u:r:s, a~d ~*:orr age gua.anty ~nsurar.ce
~ :-~e~++~vms.
~ IN Y.'IT`JE~S . Hc~EOf. r' sa~ .ORiGAGCR has hrreu~to set h:s ha..d a~d s_~a1 the day and r first afo+e id.
~ S:g:xl, a ~ in th ese~ce of: ~i~~~L~~/
~ - - - - -~ap
~ _ - - - -ISesI)
_ (Seai)
~ - - (Seaq
~~:.iE OF FIORiDA t
~ ` St Iucie ~ ~
~;;titr oF _ • 1
j C~`•ue me pcrsona:ly appeared ~A~th T• PBr~ - snd
_~d~9~ .t. ~~"Q118 h~s w~lz, ro me we:: lnown a^.d kn:.r.n ta n•.:- :c be
rhe ind~v~d~ais descr~bed in and who executed the fwegoing instrumen?, and acknow:edged befo:e me thjl they e:ecuted the same fcr t1x pu~pox;
the~ein ea~uesxd. And the said-. p8~18_ J• ~I'OT18 - - - -
~ ..:~e of the said ~BIlI~9ti21 T~_~I`0118 - - - - - vpon a ~eparare and p:ivare
r.em na!.on by nee ta4en separate and apart !rom fier sa~d hvsband, acknow!edgcd ro ar.d be+o+e me that she execvred sa~d instrwnent free:y a~sd vo~uo-
~a~ y and w,tho~t any ca~+pu:s~on, tonstra~n~, apprehens.on~or fear of or from her sa~d h~sband.
~ 1YIThESS my hand and offic~al ual th~:_ _ day of_ A 11 _ _ - A. D. 19 T~
~ - ?~CI~ - ' ~
~ Noe~ Vub~~c in and lo ~he _ ~~N pf Fi~:da et l~t~e
My C mmas~on tap+rrs: = ; •
Rer~rn To:
NOTFRY PLBL~C l~~~~n~L4 R~ f t AA!;~ "
~ F~rst fedc.il Savi s 6 loan Assoaat.on . -c . ~s .
~ MY!..^.•r',t~c~:. ? 19i
~ pF c~.n ~.~~z iENERAL INc. ~~~r.~.. .:i: . _
fort P~rr:e. ii~rdi
~ 21 3/~/~s . ,
~ 4089
~ This Instrument Prepared By J. B. Ch8s~111 iIlEO Ak9 RfCORCEO
~ First federal Savings & Loan Association ST.IUCtE COUNTY FIA.
~ of Fort Pierce ~ j~p~~ ROCER POITRAS
CLERR CIaCUtT COURT /f
~ ~_p _ _ _ RECORC vEP~tIEO~.~..,~,Cl'Ll~Crf'
Checked By rlcd---
~ ~~c 16 4 ig PN'i I
~ ~ R 194 2!i07
~ EcCK • 1~s
~
~ "
4 , , - : - - - - - - _
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k r.~