HomeMy WebLinkAbout0647 J. To p~ac~ and continvousty kerp on the b~~'d~nys now a hr~aalrer ~~tuatr on s,~d ~.++~d a~~d un a~l cq:,~p•=~r~:t and ue~so~a~~y covered Ly ~his ma~g-
~g~. w::h all prenuu~t~s thrrcon pa.d ~n ful!. f~re inswasce in ~be vs~a{ sra~~ci~~d yo :cy form, ~n a s~m a~.~o+ed b~ thc h10R.;,~GiE. and wir,~twm
insur~nte in thr uwal ~Tandard µo~•ty fonn, in • ~um app~o.rd b~ th.~ AS~~RIG~G~t, in a~:h <o:~~p,?:~y or ca~q~~~es as ~hr r.ORiGAGEE may
d~reet: and all li~e and ~.:nJsro.~~ ins~ranca ~x~i~aes on any of s~+d ov~ v~~ys. a~~y ~n~c~~i~ ch.ne:n or par~ th~reol, in the agg~~~a~e sv~~~ ato~esaid w
in eYCess thrreof, shall cu.~~a~n ~f.r usual nfandard mwtcJ~gee c~ause w s~ch o~h.•r c.,:s~ .+s ~ha R1~~iyayce ~.~y rrq.,.~e. n,~?~~g N~r wis ~~~Jr~ s,.d poli-
des, ivch and ere.V. (~vavb ro se~d .ti~ORiGAGfE as ~tf inh•~.s~ may ap~xvr, ar~d e..ch e~,d a.cry ~i:cn pu:.ct sl,oi7 br ~.,w•~?,t~y a~s g~~c~i a~,d Jc:~.a~rd ro
•ny held by sa~d AtORIGAGEE es +ur~Fkr s~~.v~~ty to sald ~,o.~gege d~•b~. end. nof :.ss ~fvn ~t0i d.~,s .~d:a,~cr of tt,< e¦~.~rot~on of cech po:~cy. to dr-
Gver to said AlORTGAGEE a rr~k..+t ~herawf, ~nge~he~ w~th a rrce~pt !w thr F~~-~~,w~n of svch ~enc+,.~.; a~~d ~hc~e s+~a~~ !.c ~w L~e or r,,~~•dti~u~~o ins.,~s.ue
plseed on any oi sa~d b~~:d.•~gs, any ~~etcrest there+~ w part ~tK~~wl, ~n4st ~n ~L.• fcr~+. ..~-d w~~h t!:e ~oss pa;~bte as a!o~rs~~J; and i~. jhr rvent any wm
of money Seco~,es p~yable ~.xfrr wch pel~cy a pol~cies s~~d MJRTGtiGEf s~,.n heY.• ~h~• c,~.c,.,~, to n~c~~.e .:~~d ~p.:y the s..~=~e w, auuu,~f o( ~hr i~~ciabt.rd-
ness secured htreby or ~o ~xrr~~it ~a~d MURfGAvORS ro receive and use ~r w ~~~v ; ~~,~,.~,>1 ~ e:~~..r ~ oti• s. e th .,r ~~~~p.,~r-
ing a.~y equ~ty, lien or ~~yM uncl~r ~ by v~rwe ot this n,ort~agr: and ~n ?he rvcro sa d A!J~ ~t; ~GORS sh.~1; 'or any r,.~• sa~ 1~~1 ro k.~.p ihe sa~d pre~~~srs so
~nsurrd. d fail t0 drtwa~ pr~nptly any Of said ~wLe~rS OI inswa~xe to s.ti A10RSG~iitt. nr p:-un,;:siy :o {ey fu.:/ a»Y pre.~~~~m thcrcfw or in m~y
reip~ct (ai7 to perforn:, dnths~ge. exrc~tr. effrct. ccmplerr. co: ~;~1~ wr•h a~~d ab~.k bY ~t~,s cc.~•"i or any perf h~~cof, s.,;d +.IGRi~•:.GfE ma~ p~ace a~•o
pay fw wch insurence a,?ny pa~t thrreof w~tiw~t waiving or aft~-.:ing any Ot~!:J~~, ~~P~`. !',J•~yr. Of r.ah~ u•~J•_~ er i,,r v~:t~e o~ Th~s htortgagr, and tne
full dnwuot Of laCh d~~d e.try a~ch paymrnt sh~:l be mm~cd:ately d~~c ~~~d Fvr~l;'~• o~..l sl~..+f h,ar inl~•r.s~ fron, ttn; deTr thctcoi unt~l ~~~1 al the tate O~
.~~ne per centurn Fxr m;ri~:n Jild 1:1~C1fa'I v,~:h wch ~nfc~rst sh~t~ a.•.~~.•d tF+e i~en ol ~F..•. ~r.origayr.
4. To permit, commit or w!(er no waste, un4a~r~nent w dcte~~o~~`w~~ of i: ~cl ~vc~ rrty o~ dn•i parl th~r~-af.
5. To pey e11 and a~ng.r~~r thr c~sts. cha•ges and expenses. ~n:t~ci~~~9 a~.~.,>c~ e+•on,~ti•'s ir.r ,,.~d ccsrs o( ~tst...cts ef t;t;e, incurred o~ pa~d s~
eny time by ss~d A10RTGAG`.E, hecause d in tl+e event of the (a~i~re on ~nr c.in u! thF s, d L1JiiIG. iaOR ~o du:y, {i~o.~•Nt~y and luily po~fonn, d~sc~~rge.
>xrc~te. effeU, co~npirte. co np!y w~th a~x! ab.~e by each a~xl e~rry th~• sT,~ ..a• o~s. ay.,.. ,.,~TC, cur.d~iW~~3. dnll co~c.:..nts o( s.•d ~:~o~~~~•sor~ note e~td th:•
.r.ortgege any oa e~ther, arc, sa d cesra, charges a~d aap~nsrs. each an~i s+~., ,.,~..i:.,r,'; d:~r a•,J y~.+r.,L~~•: v.h.: ff;,~r or n~t rh.•ro ~t noT~ce d~
rrand. attr-rpf to co:~ec+ or sv~t p~~~~d:~•9; ar~d thr fu? an,avnl or r.+ch a~~:l c.~•r, s~ci: ;,.n• t~ ir.a• ~~~r~rt•s~ fro~., the dare th.rrof unti{ pa~d al the
...tr nf ~wx ~,~e~ trniun: ~:r: an.~-: •i. .•nd ~I! i.•~d tOSti. ih.~rga'i a~~d a+:;ri.>si .iKu::cd o~ F: ;.d, t.~yru:r: tiv.th i~~h ~~~tc~rst, 3}+ail be sec.:ied by the f~an of IhA
~norl9age.
6. That ~a) in the e~ent of any brrsch of this Mo•tgage or dcfaute w~ ti,~ e~ ;'OCi;:••~GO2. or ;b) ~n the event any of sa'd sums of mo~ey
Frrein refrrr.~d tC tr r.ot pr~~mE,+:y a~,d fu:{y p~~d v.;rh:n th~rty :3J! da,s . ~:.~•c~~ d..r a::d pa~aL}e. w+t/~ut de:~and or nohce.
cr ic) in the esent r~:fi a~:d every fi~e st.p~:anona. a9rtments. w~.d~':o~,s a^d •,o.~•:~a:rs cr ti. ~i F~~:...~as..:y nc:r a~~d il~.s rnortgage any p enher are not
~ul~. pron,pr~y en.i t::: ~c.`.,r~:r<r~. dsct~a•g•-d. eircuted. eifectrd. co,n~;:or:~d co,:;,,.i•d a: :s-d ~y, then •n ~.~her or any s~~:h event Ihe aa~d ag.
grrgatr sum ~nen~~o~,eci r., <e.d pro«~~sw~y rwte then rrma~riing or.~•a:d v.^+: .,.,.i. .:•wr.~~.s ~~cv:..ci herei~l. shay txwn~r due and pe~.
ab:r fo~thwith, o. therra`r~., at fhc of~!~e~i of s..~d Ati?~1GAG~E, as !v~~~ e~a c~, * ..~s ~i : uf i!,~• s.~•d sv~r~s o~ n':o=~cy v~ere a~g~•~a:ty st~pu:atrd
lo be ~:d on suth ~i.::. ~.:Y~.~n.~ ~ri sa d prp~n.ssery notc oi ~n thSS .'.lortga jr •o tF ~c.~,.• , ...ties'.a:~:'..ny; .~rd th..•a..~p:on or 1h.•re.a}tr~ dl tht o~:t~on o(
sa d MORiGAGEE. v~.'r.:vt ~:e~.; • de;» a~~a). su~t at iaw w~n equ.ty, thcrrf.:,e o• t~,~ rc.,v~. c. ~,:n, n,sy bc vresc•:~t~•d as ~f atl moneys srcured hereby
n..d m~tored pr~or to ~!s r.ishtvtwn
7. That in the e,~cnt th,~~ af fhr beyi~n:rg of a at any f~me p~~nd~~:g a-y s,~a ~F rt~~s M:;•~,a.~ge. e~ te iarcicse it, or te raform it, or to enforce
payment of any c;~~~•~s hr•e.•~~d•_r. na:d MvltT~,AGEf sha;t appty ro ~hr Co:+~ a: .::o: fo~ ~he :.{:to,r~tn:vnt of a Rec~•~ver. av:h Ccwrt stie~I
fcrthwith appo~nt a recei.er o! s~~d r".ortgag~~d pro~rty ail and sing~'.ar. ~~~..,.d ~~g ...i a••.d s:~,.2~~~•,.t:,,e ~nce+::e. prot~ts. ~ss~es a^d re+e~:urs fio~n wfi~tevcr
s_~.•ce deri~ed. each and ev.~ry of ,.i~.ch, n tx~~g exp+esry undensvod. ~s ~r~• n e.,.a ~;~-:i .+s .t SF>fC~~Ko~:y se~ fui~h ond d~-scnkkd in the 9~ant.ng and
haaendum elauses herrof, acd svch Recener sha~i htve all the broed a•:d rtrrc!..e t,,• ;..a a:u ~u.~ers m eny.+~se en+~ustrd by a Cuu~~ :o a Receiver, a~~d
s_ch appo;nrme~v shen ~e n:.+de by s•_ch C.~rt as an ad~n~ferd rqv~r; ~nd a~~~a^er ef s_.~ .,re r.yM to s.+~d .V.JRIGAGEE, and w~~6~~e rrterenee to the
ade~,r3ey or i~adrquac, of thr va:~e o1 th~ pro~w~ty mo.~gaged or to tl~.~ so.ve::c~• e• •+•~c~ of sa~d .Y.OR~~aGOR or the dete ~(~J~1TS, d"(~ ~h~! s~ch
.e•~•s, proi~ts, income, ~ssoes and re.er.ues sha~t be appued by such Rec~•„•er dI.J~C.r ~J fe s1:e ben or rqu.ty of sa~d M~JRTGAGEE ar.d it~_ prac~:ce of such •
i
Court.
8. To du'y, promp!'y a~d fu:~y per!c+rrn, d~scharge, executr, effecT. co^-~:<re, •~E, y v~.•h ar.d au~de by each a:id every the st~pu(ations, agre~ments,
cond~tions a~d cuvenants •n sa~d prU:nisscry nore a~x! ~n:s n,or~gage srt foash.
9. Thet In ~he eve^r .he evvnr.sh:p of ehe ~*wrtgaged pre:*:.ses. or an; p3rt t~~~rc~::f, beco^+es vestrd in a pe~son othe~ than the MORiGAGOR, the
VC)RTGAGEf, ns s.,ccesse•s ar.ci asvgni, may, ~ei!hour no+,ce to T~e ~'.OK~~~~•J~ d~•+ s.:ch s..c.~•ssor or sccc+s>c-r t.. .n~er::st .,+ah r~fere.nce to th~s
Te•rgage and the d:~~ !~K~*~tiy se<v~nd ~n The s~me mannzr as v~~ah :'::~~gay'cr v.'':ovr ;n •a.:y v~~.a~inq w dx~~a•g~•.g the I.1cr.gagwi i~ability F~•e-
~~oer or upon the d;br ~,,~eb. s~~cu~rd. ~o saiz of the Fre~+~•ses h,•reb, ~r.e•tc;,n~d d r.e ic:i:rma+~ce on ~he parr ot the /dpRiI~AGEf or its successora
~r ass~~~s and ~o ea~r^5:o~ o` the _ tor The pay~x~~t of sh~ deb~ F.~+crv <_e<•r~.i a~..~~ by .he 1t:~RTGAGt~ cr i~s svccessors w a:sgns, .~~al1 operote
ro ~e~ease, d•scha~ge, mod.+y char:ge er afieU she or~g~nal Gau:l~r~ of ihr ML'R(i,Ai:vR ~ie•r~n, e~thrr in whote o. in part.
10. 1! is spec T~t~!`.y rc•~ed rhjr t~~~e is of thA essence of fh~s ce-;:-ar• .~r:c'. tF:rt „o v~a~~er o( aRy o6 gar•on here~r.der a o~ the obligation se-
cured hereby sha:: at any ti;-~r thereafte~ tr he:d to be a wawrr of the tern~.s he~co! or o4 tnc r.uuu~nant s~w-ed hc~by.
I1. Ir. ;:;;a::o~ ~o ~.r `oreae,~i ~--o~~h:y pay:n:nrs of p•~:.c~>>: ard ~•.~:~res* re~.,,:rd oy the ~~~ar.•ss:ry no•c s:cv•rd he:~b~, mort~agor eovenanes
,.~o ay~ees te ^ay fo -.:-fg~ae•_ •a;:h a~a:': r~on*h y paY~ -er.t ar. add.•~on+~ s~•T: • s. ,,<i ..e-•y.+gr~ to ~P c'y^u3! 10 1!2 0' ti:., an ~usl cost of the foSiow-
A-:.!i red`. rrCp•-rr.~ •~a~s :c'-.._ : C~ aSi^SS:`e dg~i•;s• r~`r 3t•1:c' d~SL•;'.~-'~ e5'e•-'. •
' B- F,~.• _..s o~ F:-e ~~-i ds~o,r•, ,r.s~rsrce as i'r:e~n ...q.::rd to c~~~,. ~__•ove~~e~TS s:tuate on tn_ ai,ove dcsc*~ir_d Fre*n~ses_ :
C-Pre^.~~'~~ e~ s..:h r-~.~r~,:: ge g,:a•anry ~r.wra~:ce as mortg3gee sha[i • r~.- d. em '.n tc carry on the Ioar secvred hereby. ~
! hlorf~agee s^.: -:e nc•~f, rrc*~ysger :n wr~t.r.g oi the r~ <,-d ~:~yao'e fiere~ndr% and s.ch su~~ shait tiirreupon be due and
E -a.ab'e on thr r.:e c. o~~ _.r ~:onth.•i Payrrent a:~d e.:ch su:cesswe • u..+~~ mc~rq33ee sha'! ~o!:fy ~r.o•r~agor o4 a cFwnge in such
( o„nt. Such s~-^s s :;e acF ~_d by mcrtgaqce roha•d the ~a,~r.e~~t of r_,~: ~~r~.;~r.; t~wes ~nsu..~nce p~em.vms, a•~d mort~age g~arenty ~nsurance
l r•e-~.~ums. -
f ~N \'111*J[>j .•:~=~;C;~ •~r sad MOR7GAGOR has hereunto set h~s h~~-d a~~d sra~ fhe. dry and year first foresa~d.
~ ^
~~gned, 5 ed~~.d d•: in e e,~ence of: ~
_ ' LC._~~ FIlEO AND RECOROEO ~ x (Seaq
ST. IUC~E COUMTr F~A ian . er e
- itOCE~i POItRAS ~xs~~
- -~-~-e~ CLERK ~ti~U1T COUR ~ ~ {Seaq
~ ~ne~s - R~C~RO vER~~1E0 ina~i"~ce ,
(Seaq ;
s;AIF OF~q~c. nne~ssee ~~JIIN I5 3 16 PH ~T ~ 2~~~~8
~~i,r{~}:~ ~ - l2~ t~~sf+- ~
• Will~aa H. Pierce a„d
. gefo~e•ms"~•. 11y ap~a.ed - _
~lT1a P1eICe his wi[e. ~o me well known a~d k~own to me to be
the ind'ryidwti deiclbed in and wh~ eaecuted the foregang instrument, and a;Anov.;edged oeFore me thet they exec~ted the same fo~ the p~rposes-
rnkrqn expres~-~ /1~~.ine said------ ~/lfla P1EICe - - - -
~ Wi liam H Pi
w~le ~th~ ssid ~ - ~rC~'---- - opoo a sepa.aee and p~ivate
e=a~*s~na~~on by !qt~aken sepa•ate and apr.rt from her sa~d husband, acknewiedged ro ~•~d before me that she exec~ted said instru:nent freely and voiun-
~ar.:y an~ wSthpW aAy canN~;sron, constra~nt, apprehens.on, pL {~far of or f:om ne• za:d husband.
-WI1NfSS.My hsnd and ofi~c•a~ seal thar. ~ ~j day ef- _ -_.jSlll~_--_-- - A. D. 19~_
. . - . --f~~
:.~i- v ~ L L~ ~ - ~ - - ~
r~ordry P~t,i~; ~n and fer t ~ate of ~AfYat l+rge
h1y Con.mavo eAp~res:
Return T~: ~~G~ ~ /~!y~ Tennessee
r~rst FeJeral Sa•ir,gs S loan Assx~ahon ~
O} ,.rt P
~ Fo~t P~erre F:~r.c:,
4
~
This InstrumeM Prepared By RiCh~ rd K. Kayes
First Fedsral Savings 8 Loan Association _ j
of Fort Pierce ~ F10 ri da #
Checked By - - ---p ~ ;
soa~ ~9~ 647 #
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