HomeMy WebLinkAbout0775 To pl~c~ u~d contiiwou~iy k~ep on tM bui!~nps now o~ M~~aftN fituu~ on a+id I~nd and o~ ~li eqvipncot and personally coverod by thi~ mp1~
.g~. w~rk dl p.em~vms ~hereoo pa~d in full, f~~e in~u~~nce ie ~is~ uswl i~a,~ds~d po;~cy fam. in • i.,m aF+preved by eha MOR~GAGEE, and windito:m
in:waoce Irt ~he u?wl •r•nd~.d pol.cy fam, ie~ a ~~m ~p~xored by IM /AORIGAGEE, in furb cwnpany o~ canpames u rl.~ MURTGAGEf may
duec~: ~nd •0 fir~ a~.d w~nclsrorm insw~nc~ pol.cies on s~~y o( s~~d lsuild:oys, ~ny ~~~e~es~ therei~i ~ p~~~ tFwsreo(, in rhe ~Qqre9s~s sam ~faeu~d a
in ~:tess ~he~eoF, ~hatl ca+~ain M.e usuet sra~~dud mwrga9et dav+e d such o~har claus~ tM Mu~~qa9ae may requue. m~k~ng ~hs lo~~ unde+ sa~d pole•
c~c~. each end e~re~v. wr~b,~ ro caid htpRTGAGEE ss ~ts uue~e~t nuy ~ppe~r. ~nd racA an.i eYwY svch poi~:y shalt kx p~omp+ly au9~~ed and det~vc~ed ~o
•ny held by ufd MORIGAGEE as (unh~x ~ec~nry to said ma~~~ye deb~, and, not teu ttw~ ten i10) days in ad.a.xe ol the exy~ra~:on ot e+ch polKy, to dr
Gver to said MOR~GAGiE • ra~wal thereof, to~e~ha~ arith a receipt fa the pranium of such renewal; a~.d ~he~e s1w~1 be no fue w winds~oem inw~ant~
p~rced on any of sa~d bui!~1~npa, any i~terest t!~ere~~ or p+~t 1Mrcof, u~less in tk~e iwm and with tfk loss payablt at atoresaid; snd in 1M ev~nf any sum
of rt~oney b_cornes payaGte u~xkr such po~i:y o~ polKras sa;d M~RTGAGEE .Imtl Mrs ~hs oN~w~ to rece~~e a~~d apply Ihe ss,ne on accoun~ of the iRdebted-
nesa fccured F~eby w 1o perm~~ sa~d MORiGAGORS to reeeiv~ and uN it p~ny pa~~ Il~ereot fo~ on~cr µir~.otrs, vr.~hwt thrr~u~ wa~.L~g w~mpair-
~r+y any equ~ty, lien or rght unda a by virt~re of this mo:!gage; and i~ ~h~ avant sa~d MOR/GAGORS sha!! :w any rcason tall to keep ~he sa~d ptmise~ so
;nswed, or fa:l ro dal~ve~ pran~Uy any o! said pol.cies ~f i~surance Io sa~d MORTGAGEE, or fa~l prornptly ~u pay fully any pre~»~~m the~efo~ w in any
re.peu fai! to pe.fo~~n, d~xhu~e, e:ecut~, etfec~, compte?e, comply wi~h ~nd abde by ~his covenan~, ~ a~y par~ hrrcof, se~d MORiGAGfE may p~~ce u.d
par for such insu~ance a u~y part ~heico! w;thout wainnp or ~ffectinp any option, lien, ~:yu~~y, a rght ~nda w by v~ru,e ol ~his Ma~gsg~, and ~he
f~U a,noum o( each and e.•ery such paymen~ shall bs ~~.uned:a~ely due snd paYable and shall bear im~rrst tra-~ ~he dare ihereof un~il pad ~t tM ru~ ol
r.~nt per ceotum per ~nnum snd togrther v~~~h •uch interesr sha~l be secored by tM Gen ol th:s matgag~.
To permit, cnmmif or suffer no waite, impeimtirnl p deteiiwation of a+~d ~xoperty w~ny put thereot.
S. To pe~ a!! a.id sinpular ~he costs, charges and expenses, ~ncludu~ a reasonabfe ~~ta~ey's fee and :osrs ol abst~ac~s ot t~de, iocu~red a p+~d at
eny ti~ne by sa~d MORiGAGEE, lxcausc o~ :n :he event of the (a+lure on ~he part of ihe said MORTGAGOR to duty, pro.npely ar~d fvlly per(orm, d~xhugR
e¦ecu«, e(fea, co.nHle~a wmpty w:th and ab:de by each a~d evmy the st7puler,o.~s. ~gre«nenrs, ca~d{t;ons, snd covenants of si~d pro.nisawy note a~d ~h~s
m~tgage a~y or e.~hN, and sa~d costs, cMrg~s and eapenses, cach a~ every, s!+s11 be immed~etely d~e ar+d payeble: whe~her a not tnere b0 ~10~Kf da
nand, attrnpt to co~4ct pr tuit prnd~ng; and tAe Fulf amouM of esch ar~d everr i„ch paymen~ shalt trra~ in?e~est lrom ~tie dats thc.eof unte! pa~d ~1 fhe
..~rr o~ wne Ex~ cent~m ~xY a~~=~u~; a~e; aH said cost~, chaiges and expe~set encwrecl or pa~d, togr~her w~th such ~n~eresl, shell be secu~ed by the l~en oi 1hi~
mwt9aqe.
Q f}wt (a) in the evenl oi any breach oi th:a lVlortgsge or defaulr on the part o( the MOQTGAGpR, w(b) in fhe evertt any oE sa'd s~r.n of nwney
he~e+n roferred ta tx not p~an,:Uy ar,d fuUy paid wi~h~n thu~y (3p) daya ~x,~t a4ter the same severa!ly beca:x due and payable, w~thpu~ dcmand or notice,
or (c) in the event each and every the stip~r~ations, sgreeme~fa, caxl~fions a~d coven~nts of sa.d pra~usso+y note and ih~t mortgage any w e~~her are rwl
iufy. Promptly end (uily p~rfa~ned. d.xMrged. e~ecuted. effecred. complered. compl~rd with ~nd ab~ded `ay. then in e~~her or any such erent tM s~~d ag
~~egate sum mennoned in sad prom~ssoey noee tF~m re~naininq ~npa~d, with ineeres~ accr~d, snd •t~ mw~eys aecu~ed F+ereby, shall bccdne dw and pay-
eb;e iorthw~th, oe the~eatte~, at the opr~on o~ aaul MORiGAGEE, u(ully and comple~ely aa it all of rhe said sums of money werQ pgina!!y aGpvliled
:o be p?;d on such day, anythiv~ in sa.d p.an~ssory note w in ~his A~ortgage to the contrary norw~~hstarxli~g; and ~hcreupon w tl~eresiter a~ tM op~:on o}
sa~d MORTGAGEE, ~v~rhout not~ce a dcma~xl, svit at I~w or in eqvity, thcrefwe w tF?creaftcr bepun, msy tre prosecuted as if all mw~eys aecured fiereby
n~d matured pr~w to ~rs instewt~on.
7. Thar in Ihe event rhat at fhe beg:nning of p ~t ~ny rime pcnd;ng any wir vpon tF+is Matg~ge, a to foreclose it, p to refo?m it, o? to tnforr.t
payn:ent of any c!a~ms he.eu~er, ssid MORTGAGEE shstl apply to the Coun having ~ur~sd~c~ion thereof fw ~he a~o~ntrrKnt of a Receiver, such Cou~t shall
rc.rhwith appomt a ~ece~Yer o( a~d mortgaged p~ooerty all and s~ngvlar, intiud.~g aA and s~ngu~ar ihe in:ome, prol~ts, isiues a~d revenues from w6atever
--~~•ce dr~ived, each aod every of wh.ch, it be~og expressly undera~ood, is hereby matgaged as if specJ.catty ut fo~tt. and desuibed in Ihe ~ranting and
h~+bc~dvm clauus her~of, and such Receiver shail have all the b~oad and effeaive fur.ct~ons and powcrs in anywne entroited by a Court to a Receiver, and
s, ch appoin~menf shall be made by such Court as an ad+nitted eqvity a~d a matter of absolute righ~ Io sa~d MORiGAGEE, and withoul reference to the !
adeq,recy w inadequacy of ti~e vatue of ehC prop~,ry mo~tyaged or to fhe so~ver+cy or insol~ency oi said MORiGAGpR or fhe defersda~ts, and that ~uch -
•e~ts, prof~ts, income, iswes a.+d reven~es shei~ be app7~rr3 bp sxh Re.e+.rr saeorJ~~.y to ~?~e tir.~ w eq„~ty ot sa~a{ J~RiGAGEE a~x; the prad;co of such
CouA.
8. To dv1y. promp~;y u+d iuliy periorm, d~scharqe, exccufe, effect, comple*.e, comply w~eh and ab~de by each and every the stiputa~~ons, agreemenb,
cond~tions ~nd covenan:s m sa.d promissory rata and th;s mortgage xr fafh.
9. That ;n the evenr rhe owr,ersh+p of the mortga~ed p~em;ses, a any part thereef, becomes vested in a perton other than the MORTGAGOR, the
htpRTGAGEE, irs succeuo~s and assigns, may, wirho~t ~orice to the MORTGAOR, dea: with such success~x or wccessw in ~nferest with reference to thia
mo.tgage ~r.d the drM hereby secured i~ the same ma~er as w~th JYbrrgagor withovt In any way vitiating or d~stha~ging fhe Mortgagoti liability here-
~~drr p upon the debt he:eoy secured. No saie at the prem~xs hereby mortgaged and no (wbearance o~ the part o~ the /AORTGAGEE w its successoa
or assg~+s and no earens~on o! the time 1w the payrr+en~ ~t the debt hereby secured given by 1he MCRTGAGEf or its successors o~ ass~gns, sh.all operate
ta raease. d~scharge, mod'rEy chanye o~ affect ~he w~g~nal l;~sbil;ty of ihc MORiGAGOR herein, either in whole w ir? part.
10. N is spec~fically agreed that time is of the esx~+ce of this contract and that no w+iver of any obt~gat~on he•eundcr o~ of the ob!igstion se-
cvred herebr shah a+ a~y tm+e thereafter be hetd to be s wa~ve~ of the te.ma hereof or of the inauument secured herby.
I 1. In add noa to the forego ~ig ~r.omhfy payments of prir~c pal and i~terest requ~~ed 'oy the prom~ssery no!e secured he~eby, mortgagor ~ovenants
a~d ag*ees te ray ro r.:o:rgagee w;th each monrh;y pay..:ent an add~r~onal sum est~mated by mortgagee to be equal to 1; 12 of the an~uai cost of the follow-
:n~: .
A-A!t rea` pfoac•ry taars lev~ed c+r assrssed aga;~u fhc above desvibed rea! esta~e.
B-Pra.r%,r~s on f~re artd windSt~rm ~nsurar.ce as ture~n requ:red to oe carried en the imaroreme~ts si±uatr on the above dtsu,bed premises.
C-~'re~r.;~T: o~ such morr?~ge guaranty ir.sura.:ce as mo+tgagee shail from ~ me to ?ime deem f~t io carry on the loan secvred hereby_ ~
~
Morfgagce sha:~ '.~cm t~~ne to time ne~ify mor~gagor ~n wr~tmg of the amount d~e arsd payable hereundrr and s~ch sum shaSi there~ppn be due and j
-,~tiab!e or+ the v~s oate of ~hr neat n;on~h:y payment and each success~ve month thereaft~r ur.ti( mortgagee shatt notify morrgdgor of a charge in such
3- e~nt. $uc;~ su:ns s?-a t~ a~pt~ed by matgagee toward the payment of real property taaes, insurance ptem:ums, end mortgage guaranty insurante
c•emiums.
N WITr._~~ `l.'HE?iOf. the sa~d MORTGl~GOR has here~nto set his M~d and seal the day and year first afaesaid.
++ed, a! an t_•ed ~ri the` presence of:
~ F1~ED 4ND REC4RQ~ - ~
~ _ ST- LUC1f COUMTY F~~.
RQGER POITiUS ( ~ap
CIERK CIACUII COURrt ~ ~rt ~
RECORD VER~FIED~ ` ~
n f
S;~TE OF fLORlDA ~
~ 08 ~N'j ~i ~
~~~~n ~ _ St . ~~~e 21U851
eef«e me penonany ~ppea.ed Joseph R_ $renne~n
Leurte Royer BZ~Ile!'1 _ b;s M,;te, to me well known ~nd known to rtk to b~
~he ind~v~dwii described in and who executed tF~e fwegoiny instrument, arx! askrwwledged befare me that ~Fiey executed the same for the p?rrposes
~=~.~xd. ~.,d r~ za~d Leurte Rover Brennen
...;e of rhe ta~d JOS~Il R. Brennen ~~rare ~nd prir~t~
c-.am:nar;on by me taicen separate and apan ~rom her ssid F~usband, itkrw~wledged to •r+d before me that she executed said instrument f~eely ~nd volurr
+a•,:~ a~d w.thovr any compulsiw~, constre~nt, apprehens~onr~r fea~ of w lrom her said husbarrJ.
v~-
WiiNESS my hand and of(iual seal this_ ~p d~y of_ D. 19.1.1._.
lL
~ ' J ~ ~i ~ C F i ~ • ~ ~ Notary P in ~nd for the ;~~te of fbrid~ at l~r~t
' X My Cw., u+on expues: p~~,~. G~ / 9~`
~T,.~'
~ l1~ii~~JC~.G~:1~~~„ v: '~.~J_ ~ ~ _ .
~ z . _ _ _ .
_ ~;~ilT~l ~C'i1~ _ ,
~ U _ s . . ~ 7 ~ - . . ~Y?tsrr ?:,'~iK. Sla1r o! Fla~d~ at lxqe f
cn ;Kn.w e_:<<*.~~;_;;~~ _ • ~ Conmis~ioa E=pires Arq. 6, i911 `
P9.~~a~~= -~~:1 w.«.~r~~w.~~~.r~~r ~
this Instrument Pre ared B R1Chard K Ka ~ ~
P y . yes
F~rst Federaf Sav:ngs b Loan Association ~
of Fort Pierce~ Floricia ~ ~ #
Check~8y ,,i::, - - ~
- ~ ~~i~`3 ?74 ~
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