HomeMy WebLinkAbout2104 lo pl~c~ and cau~nu~ualy kcep on ~M bui!d~~gs r?ow w Aereat:N sitwt~ on said 4~d a~d on aU <.,~+a„e,~? •,~d pr.,ooany co~e.ed by ~h~• mor~
sQ~ w7ih ~ll p~e~u;xn~ ihenw~ Fv~d in full, fi~~ N~wr~ncs in ~ht uswl s?and~~d poliq fam, in ~ wm ap~xorsd by ~he MCIRIGAGEE, and w~nd~torm
inurru?ce in ~M u~wl s~anda.d pol.cy Iwm, in a sum ~p~oved by ~he MORTGAGEE. in uxh company w conpar.~q ~ht MQRiGAGfE rnay
dires~; ~~d a1t ti.~ ~nd w~ndsrorm insu~anca polic:sa on any oi f0~ b1/1W'JIQ~ M~l If11~f03~ ~FN~fM Qf ~i?1 iF.QflO}, in ~he py~e9~~e wm ~fu.~Nid o~ .
In ~xcea 1lwrwf, ~Aell conr~in tfx u~val s~a~xl~rd ma~qa~e NwN w sucA o~F?H t1auH a tM Ma~qa~» may ~eQuu~. m~?inp ~M lou o~der ia~d poli~
c~e~, e+ch and ~vNy, pi~ab~e a is~d MORTGAGEE as ~t~ in~e~e~~ mey app~a~, and rach and tw~y ~uch pot+ty ahe11 b~ prompe~y a~a yned and dulivtred +o
~^r hdd b? ~id /NORtGAi'iEE as funlwr security ~o s~id mortyaQ~ debt, and, ~w~ I~ss lhan ten i101 deys in adwnce of eM eap~r~tion ol e~ch policy, to dr
I~vs~ ~o u~d MORiGaGfE a renewal ehereof, ~ofletha with a ~ece~pt fo~ the pr~m~um of such re~ew~f; a~x1 the~e sha11 !N no f.r~ or w~rxlfrorm i~wiant~
~txtd on a~y ol s~~d bvitd~nys. a~y ~neereal therein p put ~he?eof, unleu in tM fam ~nd w~~h tM losi wrebl~ a~ ataesaid: ~nd tl+t ~wM ~ey ~wn
of mp~ay becpnes payable w?cle~ such policy w pol~cies f~icLMORTGAGEE shall Mw ~M opt~on ~o reteive and appty ~he same on account of rhs indebted~
ness secursd hereby a ro pe~mit sa~d MORfGAGORS to rece~w u?d us~ it or any p.:~t thereo! ia o~i~e~ Nur,.ous. .reh;.,y ~h-r.
vi waivin~ o~ w~pa~n
~ny any puiy. liee or rqht ur+de~ o~ by vi~tw ol this mortysye: and in tM ~vem sa~d N1~RTGAGORS shalt tw any .eeson t~il ro teep ~he i~~d prem.us so
inwr~d, p I~il q delive~ prwnptly any ol iaid pol~tiei ol insu~~nct lo s~id MORTGAGEE, or (ail promptly to pay fuily ~ny we~~~~~m the~efor p in MY ~
r~spect fail b pc~form, d~uhe~fle, execv~e, ell~cL con.ple~s, comply wi~h and ~bid~ by rh~s covenan~, a~ny psrt he~eot, sa~d MORTGAGEE may pl~ce and
pav fa such 3nw.snc~ w s~y par/ thereof without w~ivinq or a~fecNrq any opuon. lien, eqvity, o~ ~ight unde~ w bv vi~~ue o( ~his Mat9a9~. and the
f.,ll anaunt of eath arx! ev~?y such paYmeM s1uH b~ imrnediaMly dve ~nd p+yable and shall bra~ intcrest lrom ~he dat~ therco) un~il paid ~t ~M rat~ ol ±
n~~a p~r ceneum per a~v~uo~ ~nd ~o~eihrr wieh ~uch ineerese shall be secured by ~ht liea o( th~t ma~ga9s.
4. fo permit, commi~ w sufte~ no..weue, un'_pa'~rment o~ detarior~l~on oi said propay or ~ny part thercoi.
S. To pay ell ~nd s~ngula~ the costs. clwryd ~nd espenses, inclvdinp ~ ~e~sonabla attornay i(c~ and costs of absuacts o( ti~t~. incurred w pa~d ~t
sny time by iaid MORtGAG:f, becaux w ie the evene ot tAe fulwe on ~he put of th~ saiJ MORTGAGpR to ouly, promp~ly ~od fully pe~fpm, d~xM.9~, ~
execut~. ~flect, ca~•plete. compiy w~th and ab:de by each ~nd every ~hs s~~pulauons, agrecme~ts, condirions, ~nd ccvenants ot ~~~d prornissory not~ ~nd ~his
mart9~Q any p e~~her. end sa.d cosa, charges and e~penses. each and everr. ah~tl be immediaroty dve and payable; whether a nof fhere be not~ce dr
mand. ~Ite,npt /0 mitec? or suit pend.ng; and rhs ~ull' a~nount of each and eve.y wch paymem sha11 lxa. ~nreres~ i~vn. :;a da:a t!sa:~! .~nt:~ ~.+.~d a~ dw ~
rau o~ nine per crntwn p.;r a~i~~w.h; etx! all aa~d cous, charges and expenses incvrred or paid, togelher wuh such intt~e~~, tMll bt secured by the tie~ of th:s
motf9~, i
t
6. 1That (a) in Ihe event of any breach of this Mat9ay~ or detauh on th~ part of the JNORTGAGpR, a(L) in ~he event ~ny of se:d svms o1 money
here~n rete.rcd to be nor pranp~ly ar+d tu11y paid w~?hin th~rty (301 days naat after the same severs~ly become due and pa~ab:e. without demand or notice,
o~ (c1 N+ tF?c e~cm each and every the s~~putations, agreemer,ts, co~d:rions ar~d covayunts of sa~d prom~su.ry not~ a~+d ~h~s mart9a9e any or e~~her are no1
i~!y. pra~~pNy and tu1:y perforrned. d~xharged. eaetuted, ~i}ected, completed. compf~ed wi~h and ~bnled by, then in e~~F?er w any such eveat ths ~a~d ~g
~r~7aro sum mc~taned in sa~d prom:asory nore ihen remain;ng unpa~d. witl, inferest accrued. ~.~d ail mo~eys tecu~ed hereby. sM!! becwns dw and p~y-
ab~e !o»hw~th, a rhereatrer, at tF+e option cf sa~d MORTGAGEE, as fully and compte~ely as if atl of the sa~d suma ol mo~ey were wpin~lly snputated
eo be pa:d a+ svcl+ d~y, aaything ia sa.d pran~asaY ~wte w in this Nlwtgage to the contrary notwitM~andi~~g; and the~evpon or the~eaiter at tht opnon o~
sa:d MORTGAGEF, w~rhour nor~ce w dema~d; su~1 at !aw a in eqvi+y, therefpe w thercalee~ begun, may be proxcuted as if all moneys secured haeby
had marured pr~w to ~ts i~sntu?wn_
7, iMt in the-e~ent ~hat et the beg~nncng ot or ~t ~ny time pendiny a~y wit vpon thit 1Nortgage, or to foreclose it, or to reform it, or lo en(o?ct
payment of any cfa~ms F,r+c~r,de~, sa~d MORiGAGfE shall appty to the Covrt having jwisdic~EOn ~Aereof for the appo~ntment oF • Reccive~, such Cour~ shsll
Fo~~hvr;rh ~ppant a rece~~:e. of sa:d mortgagrd prooe~ty all ~nd sirgul~r, inctud,ng all and singu~a~ ~he in~ome, prof~~s, iss~ and .evenues irom what~rer
s. u~ce derived, each a~cl erery of whKh, i~ be~ny exp?cssly unders~ood, ia hercby na~tgaged as if speuhce~ty xt fwth and desu~bed irt the g?an?iny ~
habend~m da~ses hereuf, and such Rece~ver ~halt F?~ve all tlx-brcad and effrctive funce,ons and powers in any"w~sesntru~ted by a Co„rt Io • Receiver. and
s~.ch spFOintrn~nt ~hail ~ mnde by suth Cou~t as an adm;tted eqvity and a mattes of absolu~e right to ss~d MORTGAGEf, and w~~hcw referenca ro tM
edequuy a i~adaqvacy of the vatve of rhe properry more9aged q to the sohrency w;nwwency of said MOR[GAGOR p Ihe defe~dants, snd ~hat such !
renn, prof~n, ~nco~ne, iuves and revenues sl+sll 6e ~pul:ed by such Receiver accord.ny to the lien w equity ot said MORTGAGEE w?d the prxtice of sucA
CvuA.
8. To d„fy, promptty and futly perfwm: d~scAarge, execute, effect, complete, comply w+~h and ab:de by each a~d evcry the stipulations, agreKnenh, j
cond~tioru and covenaros m se~d promisso?y note and th;s nwtgag~ sct iwth.
9. Tha! in the event tAe owncrship of the mortgaged prem;ses, o~ any pa.t thcreoi, becomes vested ie a person other tMn the MORTGIGGOR, the
MORTGAGfE, in succeuon and ass~gi~s, may, withw,~ rw~ice to ~he AWRTGAOR, ded w~th such successw or successor in interes~ wi~h rrte~ence to this
~a~p~e ~nd the debt ficrcby sccured io the same manner as with Mortgagor without in any way vituting a d~xhu?ing the Mortgago~a' liability FKrr
vnder w upon the dtb+ herebw secvred. Np sate oi the pr~mises hereby mortgaged snd ~p forbearanCe on 1F+e part of the N~ORTGAGEE or its sutcesson
w•ss;gns and ~o earem~on of rhe Rme fa the piyment of ?he debi hereby secured give~ by ~he MORTGAGE~ or its successws ot aui9ns, shall opaat~
ro rckase, d~uharge, mod~fy change or eff~ct the oreg~nal liab~iiry of the 11M1ORiGAGOR herei~, either in whote or in p~rt.
10_ N is spec±t~caHy egreed that time is of rhe essence of this cont?act and ~h~t no waiver of iny obl~gae:on here~nder w of the obliyation sa-
ca~red haveby sfiai~ at any time rhereafter !;e held fo be a waerer of tl~e tetms Fx~eo} p oI the instrument setured herby.
1 t, !n 3~ 1 J: !O rhe fo.ego ng moMh!y pa~ments of p~inc pal arsd ir.re~est requ~red by the prom:ssory nore secured hereb+, mortgsgo~ cevenants
and agr~es to ~a~ to ~*:o-rgagce w;th each mWNF1Ty pd~j 6Mt an add,uo~a1 sum est~mated by morrgagee to be eq~al w 1; 12 of il~e bnnuaiZost of the follow-
.n~: _
A-A!7 rcat Fxoperty taxrs levied or assessed against thc above dexribed real esrate_
B-Fr^, .,•ns or+ l~re and winds~orm insu~a~ce as here~~ requ:red to be u.ried on ~he ~mprovemeits s:tuate o~ the above ~esvib~d pemises.
t-Prem~u~~ on sw_h matgage guaranty ir.swance as mwtgagee shall lrom t~me to time de¢m fit to carry on th~ ban secured hereby.
Mortga3ee s~a~l '.cm rime to tir.,e rr~t,fy martgagor in writing pf the amount dut a~d payabte hereunder a~d such sum shat! thcreupon be du~ u~d
; rvabie on rF~ due oate of ~he next ~na~t~:y payment and each successive mo~th thereafror ur.ti! merfqagee sFwl1 noU{y mor~gagw of a cha~ge in such
_~-ount. $uch aums sf: ~ tx a~pl~ed by mwtgnyee toward the paymenf of real property taxes; insurance prem:vms, a~id mortgage gwrsnfy insu~u~ce
c.e•n;~rnt .
IN WlTNE~i iItiHER~Of. the sa~d MORTGAGOR has hereure~o set his hand and xal the tiay snd year first at«esa~d_
- ~~ned. Sealed and delivered in the presa+rce of: ~ ~
Q ~lk~''~ cs~.n
r~,~
(5~+0
_ -
STATE Of FlOR10A ~
~cu~mr of St. Lucie
1
Betore me person~Ily appeered Mi 1 drptl A rta ~ a~ei t~~g l~~ '
ljp~k, to me well known and know~ to me to b~
ttie ind~r~dw~ described in and wf?e exec~:sd rhe foregoi~p instrument, and acknowiedaed be(we me that fhey exea:ted the same fa the Pu?Poses
rhe!e~n enpressed. ~s~rwfeM~e~1~v
WITNESS my Mnd +nc; off~c~a: seei this ~ day of ~ p. }9~'
i 0~ •
~
~ Nofary PuWic in arr~ for the of. ~~~r~ .
MY Comn+:u~wi exP~ ~ 1.~
R~f~.~ To: ~ 211 <
<8 ~ y.~~ . ~ _
,
Fua Federa! Savir~q~ ~ losn Associat,on ~ J: O j1~ ~ I T
Of fo~t P.erce ~ ~ ' ` :
, FWt P~trCl. fIGI~~Od ~ f ~lC~ •NO RECOROED /a 'l•., ~ . fV . ' • ` .
S? WCIE COUNTY ftA , I•
NOCER POITIlAS i.''•- • ,
CtERK CIRCUIT COUAT ' . -
RECORD VE~~FIED~~
This Instrument Prepa-~d By J, D. Chastain -
First Federal Savings b Loan Assaciation ~ 6~ ~ 21 AN 1 ~ J .
of Fort Pierce~ Florida ~L G"' j
Checked By
.!~v _ ~
~QaK 1~ zsoz , ~ -
Ijs
~ .