HomeMy WebLinkAbout1504 To p!~c~ and cont~nvou~!y LeM on tM tw~!J~ps now a M?ea(tN ulw~~ a? s~K) I~nd and ai d! equ;y~~~:cn~ u~d personally covered by ~hi~ .nwep-
p~. w~~h ~II ~vs-.~~~n,s M.c~eon pa,d (ull, h~~ ~nwunce ~n ~M uwal siad•rd ~o~~q ta~n. ~n • w~„ ~Hy~o~ed b~ tfw RlURti,ApEf. ~~~d wi~.dpo~m ~
~nswa+c~ fo tM uwd ur~xiard FwLcy Iwm, in ~ sum ~pprov~d by ~M MORiGAGEE. in tuch corn~~y o~ compan~ei ai NVORIGAGEE may `
direc~; a~d ~ll fu~ end w.nJ?sorm ~newan:~ po1.cK~ on ~n~r ot ~a~d bui~d~n;~~. ~ny in~sr~~t ihe~e;n or pa~t the~eol. in ~M aQ9~e9u~ wm ~la~uid w
in ~at~ti IM~wI, .hall toht~~~ U.e ux~a~ au~xlard mwty~~ c:~uw w wcA o~Ms ci•~s. a~M Mo~~yeyee mey ~ey~,r~. m~linq ~tw toss unJe~ so~d po1E
c~si. rech ~nd eve~y. W?ab~e ro s~~d .i~ORIGAGEF ~t~ mte.eat ,n~~ ~ppeu, and eacA a+~d •rery ~uch ~,ui~c~ shatl 1ie pranNi~Y •s~ 9~rd a~~d del~ve~ed to
•n~ heW by uhi MOttIGRGtE ss lunher ~cwrirY fo ~a~d morty,y~~ dcbt, ~,~d. nW le~~ IMo ~en (10) d.+yi in eJ~a~,ce ol ~I.e eap~~•t.on ol e~ch poi~cy. ~o dr
iner ~o s+id MOR[GAGtE e ~c~Nwal tlk~QOF, ~o9a~F~ with a rece~pt (x tAe p~Nnium of tuth ra~ew•~1; a~~d ~?.r~c a)uil 4e ~w b~e nr wu~dtt~ne 'o
: w~~nc~
p~~ted a? ~ny of s~:c' build~ngs, ~~y i~uere~t tAer~m a pul tho~eof, uole~s in tM torm ~nd w~+h the loa p~yaLls as alwe~.id; aad 'a~ ~h~ evMnl any 1cm
of mon~y beco~~ey payable uMier such pol~ey a poi~ci~a s~id NlOR1GAGEE s?wll Mw ~h~ op~.o~ w rec~~~e and apN~y the same o~ ~ccounr of tM ind~btrd-
~es~ secu~ed lwrrby d to permit sa.d MURTGAGORS ?o ~Keiv~ ~nd ust i1 w any part ~he~awf 1« o:~~••r ,:Vt~ OSCS. \~:IIIJUT ~h u~ v.o~.,..~ o~ ,~npe~r-
iny~ any puay, Gen or ~~ght vndcr w by v~rsue ol Ihis .ra:tQ~ye: ~nd in tM ~vent w~d MORIGAGORS shall Ew sny re~sun tail to keep the said pe~.usef ao
~nsu.cd. w(~il ~o de~~vc, pranpNy ~~y of au~d polKfes ot insw+nc~ to uld MOR?GAGFf. or 1a~1 p:a~~F+l~ to Wy lucly any pra•,.v~? Iher~fa o~ in a~y
rsspac~ I~il to p~r(orm, dach~.ge, eaeivte. CIIKI, comple~e. canply with ~nd ~uad~ by th~~ cow~a~t. w aey par~ he~sol, ~.~d MOk1GAGEE may pt~ce
pey fa ?uch insuranc~ or ~ny parl ~1xr~o( w~thout wairinq a dfectinp any opt:on. lien, equ~ty. o~ ngh~ u~c1e? a by wrrw o~ th~s 1Aoreyape, ar~d the
tult aTwvnt of e~cA a~d f~Hy 1y[A ~`msI11 sMll b~ im~radutely d~,e and py~bl~ ~nd shali bea~ ~me~r~~ fran ~ho d~te ~hnreol u~~il p.:.d ~M ~aa ol
n~~+e per crntum p~r ~nnum ~~x! to~r~tu~ w~~h a~ch intr~est ~hal! ~e s..~c~red by :he li~n of thi~ mwty~ge.
i. To pKmit, commil o~ w(ler :w waste, impai~n~ent p delcriW~lion o1 wid properly p ~ny pu1 thereof,
S. To pay ~11 ~nd singula? ths costs, cM~ges and eapMSes, incfud~ng •~easonable ~Irp~ey'~ fee and cosn o( absf~act~ of tiele, ia~cur.~d w paid at
any time by u~d MORIGAGtE, bccrus~ o~ .n ~he event of ~he t~~lure on tM part of the sa~d MORTL'iAGOR io dvty, Q,wnNtly and t~11y pc~(prm, d.uMrg~,
execute. ellea, cwnpta+a. <a~,p!y M~Ih ai.d at,.~le bY each aod every r?~e snpa!a~~ons. syr.~e,rmnN. co~~~~~s. ~nd co~r.wn+a oi teid prpmiasory noee ~~d ~~~t
matgaqe ~ny w e.~l?er, and sa.d cosrs. charyes •nd ~apsnios. a~ach ar*d ave•y. ahall b~ immcd,ah!y dve and payable: whe~~.er a no~ ~he•e be nat::e do-
ma~xl, stfeTpt to coilec~ a w~t pe~xi.~,g; ancl rl,a full uroun~ of exA ~nd every such paynKnt ~holl be~. in+~rei~ Irom ~f.e da~e ~hereof uneil paid at ~he
r.~te o} n~~~e per crntum ~~r en~w:n arx: aU sr:J costs, thar~s ~nd eaprnxs ~~KUUed q pod, tOyethef w.th auth ~ntcraa?, ahail be secwed br ~he Len of IhA
mort9ap~. _ -
0. Tha~ in the eveM o( any breech of th~s lNortgape w de(au4 on the part o( the MORTGnGOR, w(b) ~n the evenl any of sald svmi of monty
h~rei~? ~e~err~d t0 b~r nof pro.np!ly and iu:ly pard M~tfiin Ih~rty ($0) days ~cwt after th~ sa+ne Sever~;ly beCa~~e d~e payeWl. wdhpyt demt+~ O~ Iqtitl.
er in the ewrnt r.+ch and every ~iwr s~~p.,la:~ons. agrsem~rof, co~xf~t~ons a~d coven~nty of aa.d pa.}~sw+y ew:e anJ tl~.s ~r.wtgage any or edher are not
i~ly, pomp~ly and t~!IY FY.fa+med. d.~ct.~rg~d, e.ecuted. effeued. compteted. comp~:ed wnh aad ab~Jed Sy. ~hen ~n e.~her a any such eveM tM sa~d a¢
~~~gat± ~um menr.oneci ~o sa~d pram~aso.y nare then rema~ning vnpa~d. wiih inre~est acuved. and a~l moneys xcvred hereby. sM11 becon~e d~,~ ~nd p~y-
ab:e tw~hw~r~, or ~he:rottcr, at ~I.e opT,on of s.+~d AtOR1GAGEE, as fvUy a~d canpte~ely ai if all of ~he ~.+~d aums of mooey were a~~n~lly snpu:ated
to be pw:d on such d,:•t. e~y~~~nq ~n sa.d pro:n~sswy note or in this Matgage so tAe cavrsry oo~,hc~hsca~sd~~g: ar.d rFrrreupon a ~herrahe~ at rhe op~.on o(
sa~d M(~RTGAGEE, wifhout not~cr w denwnd, w~t at iaw or in puJy, therefwe or thereafter be3un, maY be fxoxwted as if all mor?eys secured hereby
nad matwed p~~or to ~ts ~nst~rut.on.
7_ TM~ ~e rl+e even~ ~ha+ st +he beg~nn~~g ot w at any time pend~ng any s~+t upon t6is IYtw~gage, a to Iwecloss it, or W ra(onn lt, or to eeforc~
Cayment of any tls,ms ~eroundrr, sa~d MORTGAGEE shi;l app~y to Ihe Cour~ hnv~ng ~~rnd:ct~pn thereol lor tAe appo~ntment of • Receiver, Wch Court shafl
forrhwirh apF~o~nt a.ece~ver of said n~segagrd prooerty ail and aingular, iocl~d,ng aIf aod s~~~gutar ttK mcome. F~clds. ias~ea and reven~s hom whatever
u~.ce dr.~vccf. each and every of wA::h. .r ~,,,q eapressly undersrood. fs he~rby ma~gsgrd aa spec,f.ulty set fw~h and dexnbed in the gr~nu~p and t
habcnd~m Nauses lureol, a~d such Rete~ver sMlt nare all the b~oa~d and cffective (w~tt.w» •nd powers in anyw~se ent~usted by ~ Covrt to a RKeiver, and
s:.h appo~nemrnt shall bc made by svch Coun as an ad~ninrd equ~ty and s master o1 a6scture .~ghr ta aaid MORtGAGEE, and w~rh~,ut relererue ro tM
e,ieqvxr a inadeyvacy of the va~ve of rhr p~operry mwegyed w ~o ~he io;ve~cy ot ~nso~vency of s~~d MORIGAGOR or the def~nda~rs, a~+d ~ha~ such
rrnrs. pof~ts, incpne, ~uues and ~eve~mes ahail be applied by such Qeteive~ ~ccord~ng !o tA~ licn or equ~ty of sa~d MORiGAGEE and the pradict of auch
Court, ~
8. To dv:y, p~anprty snd fuily perform, d~xhs.ge, exec~re, effetL complcre, comp~y w~th and ~bide by each and evrry the st~pui~tions, agreemeMS,
c~ndilio~a and covenan+s m sa,d promiasory note and fh~s mwtgsge se~ forth_
9. That ~n the esent rhe owr+e•ah~p o1 the mottgayed pr~mises, w any part thereof, becomes ve~ted in • prwn other than ~he N~pRrGaGpR, tM
MORTGAGEE, :rs succrssws and au+gns, may, w;rFwvf not~ce to rhe MORTGAOD, deal w~th such succe~tw w succESSOr in ~nrerest .v~th refe.eoce ro this
mo~f9aps a~d ~he deu~ hcrrby secvrrd in ~he same manne. ~s w:fh 1Noregegpr wirhout in any way vif,a~i~p a d~scha~ging the Nlongagori liabitity h,~re~
~nder or upw~ the d~•b: hereby secured. No sa'e of ehe Fremises hrreby mo.tgaged end no fcvbeara.~ce o~ tt~ pan of ?he MORIGAGEE w its succeswrs f
or assgro and no e~:ensw~ of the time fw the paymen~ of the debt hercby secured qive~ by the MORTGAGE'. or ~ts successds or ~x~gna, sMll ops~att
~o r~kase, d~u~arge, modlfy cMn9e w aftect the org.nal Gab,irty of the MORiGAGOR here~n, ~itfiN in whcve w in pa~t.
10. It is' :pec~lxatty agreed ~hsf f~me ~s of the eaunce of rhis conux~ and ~ha~ no waive. o( any obl;gar;o~ ha~a,nder a of the obtip~tion se-
currd hereby sheli a~ any time ~herealtc~ be held ro be a waiver of the term~ hereof p of the ins~rurtxnt sacwed herby.
11. In 3.7CI ~ J'1 fo tht for~ge ~i~ r.>onth!y paymer,r: ot princ pal and imerest requ~~ed by th~ p~om,ssory ne~e srcured hereb/, mortgagr.r ~ovenants
a~d agrces to paY ro n,orrgagee v~nh ee~h moothty ~yr ~~nt ae add:~~onal svm est~mated by mortg~gee to be eqvai to 1 r 12 of ~he annual cost c~ tl~e fotlow-
A-A1! rea! p.pF,.zny ta¦as tev.~~ or assested eg~~•~sf nc~ a6o~e descr~bcd real ~yrare.
6--Pr..rt-,,,•:,s on f~re and w~nd:te~m +ns~racce as here[n requ~red to be carried on the :mproveme~ts s;tva~e on th_ above dsscrLbed premi~y.
C-F~em,vms on sucn mo: t~ jge gwranty ir.svra+ ce as mo~tg~ee sha{I frort: t:me to t~m.e drem fit to carry on t!u .oao secured hereby.
Maeg,~gee s~~~~ ~-cm to r~r~e nor:fy me.r~.~gcr ,n wr~?;nq of rhe amoint due and payabk her,~ndrr and such su-n~i~if there~pon and
~ a~abte on +nr d~e care of ~he ne:r month!y paym~•nt a~+d each successive month the~ealter ~t:t rnat9agee shalt rtot~fy rrqrrgagor of a chan9e in such
~~^ou~t. $uch su-ns s` im aF~~ ~ed by mwtqag~re towasd the payment ef reai pro~rty taats, insura~ce prem.~ms, a~rd mortgaqe quaranty insurance
p*em;ums_
IN W1TNE~5 Y.HE~~Of +;=e sa~d MORTGACr~R has hereuoto set his hand and seal the da a ;
y ycar f' st atoresa~d.
S~ ed. Seal •nd de?' ed ~n tF+e preseoc~of:
' 1_ ` ~ lL~~&~G. ' ~ a0
~ d~ ~~t - i~ i i ~'7u~t- ~ ~a~
~
- - ~ S~ap
SiATE OF fIOR~DA . ~ • _
St . Iuc ie u-
~OiJNTr Of
Before me pcrsorwtly sppeared A[ld2'eN ~i. TAgSfl~ Jr. - and
Janice M. Lo an ~
g h7s w~~e, to me wefl 4nown and 4rawn to me ro M
the ind..~dw~a desu,bed ;n ~nd who execu~ed ~he fwepang instrument, and acknowSedged before me thar they executed the ~ame Eor the purposcs
rherein e~epressed. And the sa~a_ Janiee M. Lagan
wr~fe of the seid - ~T1dI'6il Ci. LOgBI:~ Jr. ~p~ r sepsrste and priv~M
e¦am~nsr~on by me taken seFa•a+e and aparl irom her said husband, ackrqwledqed to and be(o?e me ~hat she eaecuted saict ;nstrument ireeiy and vptu~-
r~rdy x,d w~+Aovi any co~r3au's~on, constra;nf. ~pprehens.on, ql feu of or from her said husband_ .
WITNFSS m June _
y~nti snd nff;~;st seai th~s__ day e4- /L: D. 14 71
~ t?~%y ? -1 -.-~~~~1 .
Notary Public in and ior the SNt Of f~? N ~~f~ , -
ti
My Comm~ssion expires: ~..l,r/~,~ f'. f•
Rerwrt ~o. -i~ ~
. ~
finf Fedetal $avings 3 l~an /lssptidtwn /C _ - ~ / (ti , ~ . t'" -
04 f.,rt P.:cr = R ~ " e
` i i
Forr P~arce. Fio.,d~ • ~
/T ~L11 : ~ : t_
_ fILED M~~D~ _ ~ ' ' : -
ST IUC~E COUN~Y Fl~. ~ .r~~~ _ ,
ROGEt? F~ETAAS •;t;.. ' = -~4.
This Instr~~ment Prepared By J. D. Chastain CtERK C~ir UiT COURT Ci
RECI~A~ vf EO.~..~..~- {-~'s•-
F+rst Federal Savi~gs b Loan Association _
of Fort Pierce ~ F?02'ida L,,, ~p O9 P11 f~'
~AM Q Il
zhecked sy
~oaK 1~3 1502 1~3 ~
;
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